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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2020
Jun. 30, 2019
Statement of Financial Position [Abstract]    
Cash and due from financial institutions $ 1,662 $ 1,870
Interest-bearing demand deposits 12,040 7,991
Cash and cash equivalents 13,702 9,861
Time deposits in other financial institutions 2,229 6,962
Securities available for sale 541 1,045
Securities held-to-maturity, at amortized cost- approximate fair value of $611 and $775 at June 30, 2020 and 2019, respectively 598 775
Loans held for sale 667
Loans, net of allowance of $1,488 and $1,456 at June 30, 2020 and 2019, respectively 285,887 280,969
Other real estate owned, net 640 710
Premises and equipment, net 4,916 5,028
Federal Home Loan Bank stock, at cost 6,498 6,482
Accrued interest receivable 830 758
Bank-owned life insurance 2,594 2,518
Goodwill 947 14,507
Prepaid federal income taxes 135 266
Prepaid expenses and other assets 952 890
Total assets 321,136 330,771
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Deposits 212,273 195,836
Federal Home Loan Bank advances 54,715 66,703
Advances by borrowers for taxes and insurance 800 763
Accrued interest payable 27 28
Deferred federal income taxes 837 701
Other liabilities 573 462
Total liabilities 269,225 264,493
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 34,981 35,056
Retained earnings 19,932 33,867
Unearned employee stock ownership plan (ESOP) (289) (476)
Treasury shares at cost, 343,849 and 266,549 common shares at June 30, 2020 and 2019, respectively (2,801) (2,259)
Accumulated other comprehensive income 2 4
Total shareholders’ equity 51,911 66,278
Total liabilities and shareholders’ equity $ 321,136 $ 330,771