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Foreclosed Assets (Tables)
12 Months Ended
Jun. 30, 2025
Foreclosed Assets  
Schedule of real estate owned activity

Year

Year

Ended

Ended

    

June 30, 2025

    

June 30, 2024

Balance July 1,

$

2,312,240

$

2,312,240

Loans transferred to real estate owned

Capitalized expenditures

Direct write-downs

Sales of real estate owned

Net gain on sale of foreclosed assets

Balance June 30

$

2,312,240

$

2,312,240

Schedule of activity in the valuation allowance

Year

Year

Ended

Ended

    

June 30, 2025

    

June 30, 2024

Balance July 1,

$

937,100

$

Provisions charged to expense

378,767

937,100

Reductions from sales of real estate owned

Direct write-downs

Sales of real estate owned

Balance June 30

$

1,315,867

$

937,100

Schedule of expenses related to foreclosed assets

Year

Year

Ended

Ended

    

June 30, 2025

    

June 30, 2024

Balance July 1,

$

$

Net loss (gain) on sales

Provisions for unrealized losses

378,767

937,100

Operating expenses, net of rental income

50,361

97,492

Balance June 30

$

429,128

$

1,034,592