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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2019
Jun. 30, 2018
ASSETS    
Cash and due from financial institutions $ 1,870 $ 2,337
Interest-bearing demand deposits 7,991 7,606
Cash and cash equivalents 9,861 9,943
Time deposits in other financial institutions 6,962 5,692
Securities available for sale 1,045 48
Securities held-to-maturity, at amortized cost- approximate fair value of $775 and $998 at June 30, 2019 and 2018, respectively 775 1,002
Loans, net of allowance of $1,456 and $1,576 at June 30, 2019 and 2018, respectively 280,969 270,310
Real estate owned, net 710 710
Premises and equipment, net 5,028 5,652
Federal Home Loan Bank stock, at cost 6,482 6,482
Accrued interest receivable 758 706
Bank-owned life insurance 2,518 2,444
Goodwill 14,507 14,507
Prepaid federal income taxes 266 144
Prepaid expenses and other assets 890 754
Total assets 330,771 318,394
LIABILITIES AND SHAREHOLDERS' EQUITY    
Deposits 195,836 195,653
Federal Home Loan Bank advances 66,703 53,052
Advances by borrowers for taxes and insurance 763 762
Accrued interest payable 28 22
Deferred federal income taxes 701 443
Deferred revenue 558
Other liabilities 462 701
Total liabilities 264,493 251,191
Commitments and contingencies
Shareholders' equity    
Preferred stock, 500,000 shares authorized, $.01 par value; no shares issued and outstanding
Common stock, 20,000,000 shares authorized, $.01 par value; 8,596,064 shares issued 86 86
Additional paid-in capital 35,056 35,085
Retained earnings 33,867 34,050
Unearned employee stock ownership plan (ESOP) (476) (663)
Treasury shares at cost, 266,549 and 151,549 common shares at June 30, 2019 and 2018, respectively (2,259) (1,355)
Accumulated other comprehensive income 4
Total shareholders' equity 66,278 67,203
Total liabilities and shareholders' equity $ 330,771 $ 318,394