XML 13 R4.htm IDEA: XBRL DOCUMENT v3.24.0.1
Condensed Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2023
Dec. 31, 2022
Interest and Dividend Income        
Interest and fees on loans $ 8,702 $ 6,599 $ 16,435 $ 12,199
Securities:        
Taxable 1,365 1,368 2,760 2,703
Tax-exempt 25 27 51 54
Federal Home Loan Bank dividends 78 39 146 70
Deposits with other financial institutions 59 73 128 158
Total interest and dividend income 10,229 8,106 19,520 15,184
Interest Expense        
Deposits 4,336 1,443 8,171 2,059
Federal Home Loan Bank advances and repurchase agreements 1,355 618 2,228 830
Line of credit and other borrowings 150 0 150 0
Total interest expense 5,841 2,061 10,549 2,889
Net Interest Income 4,388 6,045 8,971 12,295
Provision for Credit Losses 364 101 586 13
Net Interest Income After Provision for Credit Losses 4,024 5,944 8,385 12,282
Noninterest Income        
Insurance commissions 203 203 374 376
Brokerage commissions 157 201 319 439
Net realized gains (losses) on sales of available-for-sale securities 0 (183) 0 (183)
Mortgage banking income (loss), net (48) 47 92 224
Gain on sale of loans 38 34 110 76
Bank-owned life insurance income, net 105 97 206 194
Other 289 314 600 642
Total noninterest income 915 868 2,043 2,086
Noninterest Expense        
Compensation and benefits 2,832 3,083 5,848 6,211
Office occupancy 288 238 577 480
Equipment 593 596 1,139 1,162
Federal deposit insurance 162 59 300 112
Stationary, printing and office 20 34 30 55
Advertising 105 169 182 270
Professional services 137 118 229 290
Supervisory examinations 27 44 54 89
Audit and accounting services 23 43 106 94
Organizational dues and subscriptions 6 21 29 43
Insurance bond premiums 54 48 113 101
Telephone and postage 32 39 73 80
Loss (gain) on foreclosed assets, net 2 0 2 (28)
Other 426 430 873 810
Total noninterest expense 4,707 4,922 9,555 9,769
Income Before Income Tax 232 1,890 873 4,599
Provision for Income Tax 47 486 222 1,226
Net Income $ 185 $ 1,404 $ 651 $ 3,373
Earnings Per Share:        
Basic $ 0.06 $ 0.44 $ 0.2 $ 1.07
Diluted 0.06 0.43 0.2 1.05
Dividends declared per common share $ 0 $ 0 $ 0.2 $ 0.2
Customer Service Fees [Member]        
Noninterest Income        
Noninterest income $ 108 $ 98 $ 209 $ 203
Other Service Charges and Fees [Member]        
Noninterest Income        
Noninterest income $ 63 $ 57 $ 133 $ 115