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Premises and Equipment
12 Months Ended
Jun. 30, 2025
Premises and Equipment  
Premises and Equipment

Note 5 -     Premises and Equipment

A summary of the cost and accumulated depreciation of premises and equipment follows:

    

2025

    

2024

Land and land improvements

$

924,155

$

900,490

Buildings

4,011,870

3,937,675

Leasehold improvements

444,239

444,239

Furniture, fixtures, and equipment

1,619,391

1,559,338

Vehicles

27,658

27,658

Right-of-use-assets

443,111

529,366

7,470,424

7,398,766

Less accumulated depreciation

(3,586,887)

(3,313,014)

$

3,883,537

$

4,085,752

Depreciation expense totaled $295,003 and $244,904 for the years ended June 30, 2025 and 2024, respectively.