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Related Party Transactions | 12 Months Ended
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Jun. 30, 2023
Related Party Transactions [Abstract] |
Related Party Transactions | Note 14: Related Party Transactions At June 30, 2023 and 2022, the Company had loans outstanding to executive officers, directors, significant members and their affiliates (related parties). Changes in loans to executive officers and directors are summarized as follows:
|  | 2023 |  |  | 2022 |
Balance, beginning of year |  | $ | 3,357 |  |  | $ | 3,223 |
New loans |  |  | 50 |  |  |  | 279 |
Repayments |  |  | (609 | ) |  |  | (145 | )
Balance, end of year |  | $ | 2,798 |  |  | $ | 3,357 |
Deposits from related parties held by the Company at June 30, 2023 and 2022 totaled $2,476,000 and $2,502,000, respectively. In management’s opinion, such loans and other extensions of credit and deposits were made in the ordinary course of business and were made on substantially the same terms (including interest rates and collateral) as those prevailing at the time for comparable transactions with other persons. Further, in management’s opinion, these loans did not involve more than normal risk of collectability or present other unfavorable features.

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