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Related Party Transactions
 12 Months Ended
Jun. 30, 2024
Related Party Transactions [Abstract]  
Related Party Transactions
Note 12:
Related Party Transactions
At June 30, 2024 and 2023, 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:
 
    
2024
     
2023
  
Balance, beginning of year
    $ 2,798      $ 3,357  
New loans
      301        50  
Repayments
      (572 )       (609 ) 
  
 
 
     
 
 
  
Balance, end of year
    $  2,527      $  2,798  
  
 
 
     
 
 
  
Deposits from related parties held by the Company at June 30, 2024 and 2023 totaled $2,660,000 and $2,476,000, 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.