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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2017
Dec. 31, 2016
Interest income        
Loans, including fees $ 2,838 $ 2,712 $ 5,608 $ 5,405
Mortgage-backed securities 11 6 23 31
Other securities 3 6
Interest-bearing deposits and other 135 90 254 158
Total interest income 2,984 2,811 5,885 5,600
Interest expense        
Interest-bearing demand deposits 5 6 11 11
Savings 57 63 114 127
Certificates of Deposit 279 183 510 361
Deposits 341 252 635 499
Borrowings 161 89 335 170
Total interest expense 502 341 970 669
Net interest income 2,482 2,470 4,915 4,931
Provision for loan losses 3 52 3 56
Net interest income after provision for loan losses 2,479 2,418 4,912 4,875
Non-interest income        
Earnings on bank-owned life insurance 388 23 412 47
Net gain on sales of loans 11 9 11 9
Net gain on sales of real estate owned 8 1 51 74
Valuation adjustments of real estate owned (25) (25)
Other 29 68 102 139
Total non-interest income 436 76 576 244
Non-interest expense        
Employee compensation and benefits 1,364 1,311 2,733 2,655
Occupancy and equipment 167 171 325 353
Outside service fees 47 54 86 95
Legal fees 8 7 16 20
Data processing 113 96 215 193
Auditing and accounting 71 79 137 158
FDIC insurance premiums 21 (12) 44 48
Franchise and other taxes 60 61 119 121
Foreclosure and real estate owned expenses (net) 27 47 61 68
Other 328 287 628 558
Total non-interest expense 2,206 2,101 4,364 4,269
Income before income taxes 709 393 1,124 850
Federal income tax expense (160) 139 (25) 299
NET INCOME $ 869 $ 254 $ 1,149 $ 551
EARNINGS PER SHARE        
Basic and diluted $ 0.11 $ 0.03 $ 0.14 $ 0.07
DIVIDENDS PER SHARE $ 0.10 $ 0.10 $ 0.20 $ 0.20