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Debt Securities (Tables)

12 Months Ended

Jun. 30, 2024

Debt Securities

Schedule of carrying value of securities


		June 30,
		2024			2023
Available for sale debt securities, at fair value		$	6,606,761		$	8,921,715
Held to maturity debt securities, at amortized cost			510,276			516,089
		$	7,117,037		$	9,437,804

Schedule of amortized cost and fair value of debt securities, with gross unrealized gains and losses


					Gross				Gross
		Amortized			Unrealized			Unrealized
		Cost			Gains			Losses			Fair Value
June 30, 2024
Available for sale debt securities
States and municipalities		$	689,588		$	26		$	(4,026)		$	685,588
Mortgage-backed			1,347,975			22,728			(77,796)			1,292,907
Corporate bonds			5,538,606			—			(910,340)			4,628,266
		$	7,576,169		$	22,754		$	(992,162)		$	6,606,761
Held to maturity debt securities
Mortgage-backed		$	510,276		$	—		$	(116,195)		$	394,081


					Gross			Gross
		Amortized			Unrealized			Unrealized
		Cost			Gains			Losses			Fair Value
June 30, 2023
Available for sale debt securities
States and municipalities		$	904,308		$	503		$	(16,739)		$	888,072
Mortgage-backed			1,935,106			23,125			(111,217)			1,847,014
Corporate bonds			7,099,328			—			(912,699)			6,186,629
		$	9,938,742		$	23,628		$	(1,040,655)		$	8,921,715
Held to maturity debt securities
Mortgage-backed		$	516,089		$	—		$	(138,043)		$	378,046

Schedule of debt securities by contractual maturity


		Available for Sale Debt Securities						Held to Maturity Debt Securities
		Amortized			Fair			Amortized			Fair
		Cost			Value			Cost			Value
June 30, 2024
Due in one year or less		$	1,249,737		$	1,228,159		$	—		$	—
Due from more than one to five years			369,653			366,921			—			—
Due from more than five to ten years			4,608,804			3,718,774			—			—
			6,228,194			5,313,854			—			—
Mortgage-backed securities			1,347,975			1,292,907			510,276			394,081
		$	7,576,169		$	6,606,761		$	510,276		$	394,081

Schedule of securities in continuous unrealized loss position


		Less than 12 Months						12 Months or More						Total
		Gross						Gross						Gross
		Unrealized						Unrealized						Unrealized
		Losses			Fair Value			Losses			Fair Value			Losses			Fair Value
June 30, 2024
Available for sale debt securities
States and municipalities		$	(341)		$	119,311		$	(3,685)		$	351,251		$	(4,026)		$	470,562
Mortgage-backed			(128)			16,339			(77,668)			1,167,758			(77,796)			1,184,097
Corporate bonds			—			—			(910,339)			4,628,266			(910,340)			4,628,266
		$	(469)		$	135,650		$	(991,692)		$	6,147,275		$	(992,162)		$	6,282,925


		Less than 12 Months						12 Months or More						Total
		Gross						Gross						Gross
		Unrealized						Unrealized						Unrealized
		Losses			Fair Value			Losses			Fair Value			Losses			Fair Value
June 30, 2023
Available for sale debt securities
States and municipalities		$	(16,739)		$	768,052		$	—		$	—		$	(16,739)		$	768,052
Mortgage-backed			(2,879)			109,037			(108,338)			1,615,016			(111,217)			1,724,053
Corporate bonds			(90,000)			410,000			(822,699)			5,776,629			(912,699)			6,186,629
		$	(109,618)		$	1,287,089		$	(931,037)		$	7,391,645		$	(1,040,655)		$	8,678,734
Held to maturity debt securities
Mortgage-backed securities		$	(138,043)		$	378,046		$	—		$	—		$	(138,043)		$	378,046