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Deposits

12 Months Ended

Jun. 30, 2020

Disclosure Text Block [Abstract]

DEPOSITS

NOTE G - DEPOSITS

Deposits consist of the following major classifications at June 30:

(in thousands)		2020				2019
Non-interest bearing checking accounts		$	8,258			$	5,534
Checking accounts			15,133				13,126
Savings accounts			45,571				43,228
Money market demand deposits			9,156				8,056
Total demand, transaction and passbook deposits			78,118				69,944
Certificates of deposit			134,155				125,892
Total deposits		$	212,273			$	195,836

At June 30, 2020 and 2019, the Banks had certificate of deposit accounts with balances equal to or in excess of $250,000 totaling approximately $13.0 million and $9.8 million, respectively.

Maturities of outstanding certificates of deposit at June 30 are summarized as follows:

(in thousands)		2020
2021		$	92,489
2022			30,819
2023			7,795
2024			1,098
2025 and thereafter			1,954
		$	134,155

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- Definition

The entire disclosure for deposit liabilities including data and tables. It may include a description of the entity's deposit liabilities, the aggregate amount of time deposits (including certificates of deposit) in denominations of $100,000 or more at the balance sheet date; the aggregate amount of any demand deposits that have been reclassified as loan balances, such as overdrafts, at the balance sheet date; deposits that are received on terms other than those in the normal course of business, the amount of accrued interest on deposit liabilities; securities, mortgage loans or other financial instruments that serve as collateral for deposits; for time deposits having a remaining term of more than one year, the aggregate amount of maturities for each of the five years following the balance sheet date; and the weighted average interest rate for all deposit liabilities held by the entity.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 405
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=116652737&loc=d3e64164-112818

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 210
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03.12)
-URI http://asc.fasb.org/extlink&oid=120398452&loc=d3e534808-122878

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X

- References

No definition available.

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