XML 13 R4.htm IDEA: XBRL DOCUMENT v3.23.3
Condensed Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Interest and Dividend Income    
Interest and fees on loans $ 7,733 $ 5,600
Securities:    
Taxable 1,395 1,335
Tax-exempt 26 27
Federal Home Loan Bank dividends 68 31
Deposits with other financial institutions 69 85
Total interest and dividend income 9,291 7,078
Interest Expense    
Deposits 3,835 616
Federal Home Loan Bank advances and repurchase agreements 873 212
Total interest expense 4,708 828
Net Interest Income 4,583 6,250
Provision (Credit) for Credit Losses 222 (88)
Net Interest Income After Provision (Credit) for Credit Losses 4,361 6,338
Noninterest Income    
Insurance commissions 171 173
Brokerage commissions 162 238
Mortgage banking income, net 140 177
Gain on sale of loans 72 42
Bank-owned life insurance income, net 101 97
Other 311 328
Total noninterest income 1,128 1,218
Noninterest Expense    
Compensation and benefits 3,016 3,128
Office occupancy 289 242
Equipment 546 566
Federal deposit insurance 138 53
Stationary, printing and office 10 21
Advertising 77 101
Professional services 92 172
Supervisory examinations 27 45
Audit and accounting services 83 51
Organizational dues and subscriptions 23 22
Insurance bond premiums 59 53
Telephone and postage 41 41
Gain on foreclosed assets, net 0 (28)
Other 447 380
Total noninterest expense 4,848 4,847
Income Before Income Tax 641 2,709
Provision for Income Tax 175 740
Net Income $ 466 $ 1,969
Earnings Per Share:    
Basic $ 0.15 $ 0.63
Diluted 0.14 0.62
Dividends declared per common share $ 0.2 $ 0.2
Customer Service Fees [Member]    
Noninterest Income    
Noninterest income $ 101 $ 105
Other Service Charges and Fees [Member]    
Noninterest Income    
Noninterest income $ 70 $ 58