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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2023
Jun. 30, 2022
Assets    
Cash and due from banks $ 10,717 $ 74,494
Interest-bearing demand deposits 271 1,317
Cash and cash equivalents 10,988 75,811
Interest-bearing time deposits in banks 1,250 1,500
Available-for-sale securities 201,299 220,906
Loans, net of allowance for credit losses of $7,139 and $7,052 at June 30, 2023 and 2022, respectively 587,457 518,931
Premises and equipment, net of accumulated depreciation of $9,212 and $8,704 at June 30, 2023 and 2022, respectively 11,092 9,505
Federal Home Loan Bank stock, at cost 3,127 3,142
Foreclosed assets held for sale 31 120
Accrued interest receivable 2,781 2,023
Bank-owned life insurance 14,761 14,373
Mortgage servicing rights 1,482 1,463
Deferred income taxes 11,037 9,166
Other 3,671 618
Total assets 848,976 857,558
Deposits    
Demand 107,567 104,944
Savings, NOW and money market 344,151 396,600
Certificates of deposit 264,058 246,909
Brokered certificates of deposit 19,538 3,567
Total deposits 735,314 752,020
Repurchase agreements 10,787 9,244
Federal Home Loan Bank advances 19,500 15,000
Advances from borrowers for taxes and insurance 1,233 503
Accrued post-retirement benefit obligation 2,431 2,620
Accrued interest payable 1,666 176
Allowance for credit losses on off-balance sheet credit exposure 216 0
Other 6,076 6,337
Total liabilities 777,223 785,900
Commitments and Contingencies
Stockholders' Equity    
Common stock, $.01 par value, 100,000,000 shares authorized, 3,354,626 and 3,257,626 shares issued and outstanding at June 30, 2023 and 2022, respectively 33 32
Additional paid-in capital 51,543 50,342
Unearned ESOP shares, at cost, 153,960 and 173,205 shares at June 30, 2023 and 2022, respectively (1,540) (1,732)
Retained earnings 43,365 40,362
Accumulated other comprehensive loss, net of tax (21,648) (17,346)
Total stockholders' equity 71,753 71,658
Total liabilities and stockholders' equity $ 848,976 $ 857,558