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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2024
Jun. 30, 2024
Assets    
Cash and due from banks $ 7,214 $ 9,276
Interest-bearing demand deposits 570 295
Cash and cash equivalents 7,784 9,571
Interest-bearing time deposits in banks 250 250
Available-for-sale securities 192,651 190,475
Loans, net of allowance for credit losses of $7,472 and $7,499 at September 30, 2024 and June 30, 2024, respectively 647,064 639,297
Premises and equipment, net of accumulated depreciation of $9,350 and $9,196 at September 30, 2024 and June 30, 2024, respectively 10,498 10,580
Federal Home Loan Bank stock, at cost 4,758 4,499
Accrued interest receivable 3,823 3,457
Bank-owned life insurance 15,005 14,892
Mortgage servicing rights 1,366 1,491
Deferred income taxes 8,625 10,483
Other 1,601 2,750
Total assets 893,425 887,745
Deposits    
Demand 36,851 103,314
Savings, NOW and money market 326,305 304,230
Certificates of deposit 290,503 290,633
Brokered certificates of deposit 23,500 29,000
Total deposits 677,159 727,177
Repurchase agreements 17,913 17,772
Federal Home Loan Bank advances 83,499 32,999
Other borrowings 25,175 25,250
Advances from borrowers for taxes and insurance 510 968
Accrued post-retirement benefit obligation 2,258 2,256
Accrued interest payable 2,756 3,009
Allowance for credit losses on off-balance sheet credit exposures 103 98
Other 5,287 4,300
Total liabilities 814,660 813,829
Commitments and Contingencies
Stockholders' Equity    
Common stock, $.01 par value per share, 100,000,000 shares authorized, 3,353,026 shares issued and outstanding at both September 30, 2024 and June 30, 2024 33 33
Additional paid-in capital 51,999 51,913
Unearned ESOP shares, at cost, 129,904 and 134,715 shares at September 30, 2024 and June 30, 2024, respectively (1,299) (1,347)
Retained earnings 43,839 43,876
Accumulated other comprehensive loss, net of tax (15,807) (20,559)
Total stockholders' equity 78,765 73,916
Total liabilities and stockholders' equity $ 893,425 $ 887,745