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v3.25.3

Debt Securities | 3 Months Ended
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Sep. 30, 2025
Debt Securities |
Debt Securities | Note 3- Debt Securities ​ The amortized cost and fair value of debt securities, with gross unrealized gains and losses, are as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ |  | Gross |  | Gross |  |  | ​
​ | ​ | Amortized | ​ | Unrealized | ​ | Unrealized | ​ | ​ | ​
​ | ​ | Cost | ​ | Gains | ​ | Losses | ​ | Fair Value
September 30, 2025 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Available for sale debt securities | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
States and municipalities | ​ | $ | 449,827 | ​ | $ | 400 | ​ | $ | (61) | ​ | $ | 450,166
Mortgage-backed | ​ |  | 780,662 | ​ |  | 23,096 | ​ |  | (31,236) | ​ |  | 772,522
Corporate bonds | ​ |  | 4,500,000 | ​ |  | — | ​ |  | (548,305) | ​ |  | 3,951,695
​ | ​ | $ | 5,730,489 | ​ | $ | 23,496 | ​ | $ | (579,602) | ​ | $ | 5,174,383
Held to maturity debt securities | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Mortgage-backed | ​ | $ | 471,077 | ​ | $ | — | ​ | $ | (90,030) | ​ | $ | 381,047
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ | ​ |  | Gross |  | Gross |  | ​ |
​ |  | Amortized |  | Unrealized |  | Unrealized | ​ | ​ | ​
​ | ​ | Cost | ​ | Gains | ​ | Losses | ​ | Fair Value
June 30, 2025 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Available for sale debt securities | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
States and municipalities | ​ | $ | 449,792 | ​ | $ | 296 | ​ | $ | (772) | ​ | $ | 449,316
Mortgage-backed | ​ |  | 875,776 | ​ |  | 22,607 | ​ |  | (39,621) | ​ |  | 858,762
Corporate bonds | ​ |  | 4,500,000 | ​ |  | 5,900 | ​ |  | (612,699) | ​ |  | 3,893,201
​ | ​ | $ | 5,825,568 | ​ | $ | 28,803 | ​ | $ | (653,092) | ​ | $ | 5,201,279
Held to maturity debt securities | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Mortgage-backed | ​ | $ | 483,787 | ​ | $ | — | ​ | $ | (110,219) | ​ | $ | 373,568
​ There is no allowance for credit losses on available for sale and held to maturity debt securities at September 30, 2025 and June 30, 2025. Securities with a carrying value of approximately $53,000 and $79,000 as of September 30, 2025 and June 30, 2025, respectively, were pledged to secure public deposits and debt. Accrued interest receivable totaled $50,715 and $64,377 as of September 30, 2025 and June 30, 2025, respectively and is excluded from the measurement of credit losses. The amortized cost and fair value of debt securities by contractual maturity at September 30, 2025, follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Available for Sale Debt Securities |  | Held to Maturity Debt Securities
​ | ​ | Amortized | ​ | Fair | ​ | Amortized | ​ | Fair
​ | ​ | Cost |  | Value | ​ | Cost |  | Value
September 30, 2025 |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
Due in one year or less | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | —
Due from more than one to five years | ​ |  | 1,449,827 | ​ |  | 1,449,526 | ​ |  | — | ​ |  | —
Due from more than five to ten years | ​ | ​ | 3,500,000 | ​ |  | 2,952,335 | ​ |  | — | ​ |  | —
​ | ​ |  | 4,949,827 | ​ |  | 4,401,861 | ​ |  | — | ​ |  | —
Mortgage-backed securities | ​ |  | 780,662 | ​ |  | 772,522 | ​ |  | 471,077 | ​ |  | 381,047
​ | ​ | $ | 5,730,489 | ​ | $ | 5,174,383 | ​ | $ | 471,077 | ​ | $ | 381,047
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ There were no sales of available for sale debt securities during the three month periods ended September 30, 2025 and 2024. There were also no transfers of debt securities between categories during the three month periods ended September 30, 2025 and 2024. The following table shows the gross unrealized losses and fair value of the Company’s securities for which an allowance for credit losses has not been recorded, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position at September 30, 2025 and June 30, 2025: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Less than 12 Months |  | 12 Months or More |  | Total
​ | ​ | Gross | ​ | ​ | ​ | ​ | Gross | ​ | ​ | ​ | ​ | Gross | ​ | ​ | ​
​ | ​ | Unrealized | ​ | ​ | ​ | ​ | Unrealized | ​ | ​ | ​ | ​ | Unrealized | ​ | ​ | ​
​ | ​ | Losses |  | Fair Value |  | Losses |  | Fair Value |  | Losses |  | Fair Value
September 30, 2025 |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
Available for sale debt securities |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
States and municipalities | ​ | $ | — | ​ | $ | — | ​ | $ | (61) | ​ | $ | 114,939 | ​ | $ | (61) | ​ | $ | 114,939
Mortgage-backed | ​ |  | — | ​ |  | — | ​ |  | (31,236) | ​ |  | 580,582 | ​ |  | (31,236) | ​ |  | 580,582
Corporate bonds | ​ |  | (640) | ​ |  | 999,360 | ​ |  | (547,665) | ​ |  | 2,952,335 | ​ |  | (548,305) | ​ |  | 3,951,695
​ | ​ | $ | (640) | ​ | $ | 999,360 | ​ | $ | (578,962) | ​ | $ | 3,647,856 | ​ | $ | (579,602) | ​ | $ | 4,647,216
​ | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 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, 2025 |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
Available for sale debt securities |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
States and municipalities | ​ | $ | — | ​ | $ | — | ​ | $ | (772) | ​ | $ | 114,228 | ​ | $ | (772) | ​ | $ | 114,228
Mortgage-backed | ​ |  | (97) | ​ |  | 30,835 | ​ |  | (39,524) | ​ |  | 691,927 | ​ |  | (39,621) | ​ |  | 722,762
Corporate bonds | ​ |  | — | ​ |  | — | ​ |  | (612,699) | ​ |  | 2,887,301 | ​ |  | (612,699) | ​ |  | 2,887,301
​ | ​ | $ | (97) | ​ | $ | 30,835 | ​ | $ | (652,995) | ​ | $ | 3,693,456 | ​ | $ | (653,092) | ​ | $ | 3,724,291
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ There was one security in an unrealized loss position in the less than 12 months category and 36 securities in the 12 months or more category at September 30, 2025. There were four securities in an unrealized loss position in the less than 12 months category and 40 securities in the 12 months or more category at June 30, 2025. Unrealized losses have not been recognized into income because the decline in fair value is largely due to changes in interest rates and other market conditions. The contractual terms of the securities do not permit the issuer to settle the securities at a price less than the amortized cost basis of the investment. The Company does not intend to sell the securities and it is not more likely than not that the Company will be required to sell the securities before recovery of their amortized cost bases, which may be maturity. Mortgage-backed securities held to maturity are backed by pools of mortgages that are insured or guaranteed by the Federal Home Mortgage Corporation. It is expected that the securities will not be settled at prices less than the amortized cost bases of the securities. Accordingly, no allowance for credit losses has been recorded.

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