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Consolidated Balance Sheets - USD ($)
Jun. 30, 2025
Jun. 30, 2024
Assets    
Cash and due from banks $ 2,242,736 $ 2,977,438
Federal funds sold 12,143,000 7,495,000
Cash and cash equivalents 14,385,736 10,472,438
Interest bearing deposits held in other financial institutions 237,247 199,888
Debt securities available for sale 5,201,279 6,606,761
Debt securities held to maturity, at amortized cost (fair value $373,568 and $394,081) 483,787 510,276
Loans, net of allowance of $1,708,269 and $1,797,116, respectively 200,795,706 183,447,633
Interest receivable 667,686 597,768
Foreclosed assets (OREO), net 996,373 1,375,140
Investment in restricted stock, at cost 1,329,413 1,329,413
Cash surrender value life insurance 9,242,673 8,972,785
Premises and equipment, net 3,883,537 4,085,752
Other assets 1,611,363 1,698,142
Total assets 238,834,800 219,295,996
Deposits    
Non-interest bearing 22,466,092 22,562,358
Interest bearing 152,774,734 150,418,396
Federal Home Loan Bank (FHLB) advances 15,000,000 13,000,000
Other liabilities 2,884,753 2,020,458
Total liabilities 193,125,579 188,001,212
Stockholders' Equity    
Preferred stock, $.01 par value, 5,000,000 shares authorized, none issued
Common stock, $.01 par value, 20,000,000 shares authorized, 2,938,698 and 2,938,362 shares issued and outstanding at June 30, 2025 and 2024 28,962 20,970
Additional paid-in capital 22,647,140 7,254,534
Retained earnings 25,566,126 25,523,681
Unearned ESOP shares, at cost (2,047,077) (751,613)
Accumulated other comprehensive loss (485,930) (752,788)
Total stockholders' equity 45,709,221 31,294,784
Total liabilities and stockholders' equity $ 238,834,800 $ 219,295,996