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Foreclosed Assets (Tables)

12 Months Ended

Jun. 30, 2024

Foreclosed Assets

Schedule of real estate owned activity

​

​	​	​	​	​	​	​
​	​	Year		​	Year
​	​	Ended		​	Ended
​		June 30, 2024			June 30, 2023
Balance July 1,	​	$	2,334,560	​	$	—
Loans transferred to real estate owned	​	​	—	​	​	2,087,809
Capitalized expenditures	​	​	—	​	​	—
Direct write-downs	​	​	—	​	​	—
Sales of real estate owned	​	​	—	​	​	—
Net gain on sale of foreclosed assets	​	​	—	​	​	246,751
Balance June 30	​	$	2,334,560	​	$	2,334,560

Schedule of activity in the valuation allowance

​

​	​	​	​	​	​	​
​	​	Year		​	Year
​	​	Ended		​	Ended
​		June 30, 2024			June 30, 2023
Balance July 1,	​	$	—	​	$	—
Provisions charged to expense	​	​	937,100	​	​	—
Reductions from sales of real estate owned	​	​	—	​	​	—
Direct write-downs	​	​	—	​	​	—
Sales of real estate owned	​	​	—	​	​	—
Balance June 30	​	$	937,100	​	$	—

Schedule of expenses related to foreclosed assets

​

​	​	​	​	​	​	​
​	​	Year		​	Year
​	​	Ended		​	Ended
​		June 30, 2024			June 30, 2023
Balance July 1,	​	$	—	​	$	—
Net loss (gain) on sales	​	​	—	​	​	—
Provisions for unrealized losses	​	​	937,100	​	​	—
Operating expenses, net of rental income	​	​	97,492	​	​	—
Balance June 30	​	$	1,034,592	​	$	—

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