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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Interest income    
Loans, including fees $ 2,888 $ 2,770
Mortgage-backed securities 8 12
Other securities 1
Interest-bearing deposits and other 149 119
Total interest income 3,046 2,901
Interest expense    
Interest-bearing demand deposits 6 9
Savings 54 57
Certificates of Deposit 382 228
Deposits 442 294
Borrowings 258 174
Total interest expense 700 468
Net interest income 2,346 2,433
Provision for loan losses 11
Net interest income after provision for loan losses 2,335 2,433
Non-interest income    
Earnings on bank-owned life insurance 19 24
Net gain on sales of loans 14
Net gain on sales of real estate owned 5 43
Valuation adjustment for real estate owned (18)
Other 49 73
Total non-interest income 69 140
Non-interest expense    
Employee compensation and benefits 1,454 1,369
Occupancy and equipment 170 158
Voice and data communications 65 56
Advertising 67 58
Outside service fees 38 39
Data processing 105 102
Auditing and accounting 34 66
Franchise and other taxes 63 59
Foreclosure and real estate owned expenses (net) 23 34
Other 205 217
Total non-interest expense 2,224 2,158
Income before income taxes 180 415
Federal income tax expense 42 135
NET INCOME $ 138 $ 280
EARNINGS PER SHARE    
Basic and diluted $ 0.02 $ 0.03
DIVIDENDS PER SHARE $ 0.10 $ 0.10