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Summary of Significant Accounting Policies (Tables)

12 Months Ended

Jun. 30, 2020

Accounting Policies [Abstract]

Schedule of retirement and employee benefit plans

		For the fiscal year ended
		June 30,
		2020				2019
Allocated shares			104,254				123,241
Shares committed to be released			9,338				9,338
Unearned shares			28,936				47,607
Total ESOP shares			142,528				180,186
Fair value of unearned shares at End of period		$	195,000			$	374,000

Schedule of earnings per share

		For the fiscal year ended
		June 30,
		2020				2019
Net (loss) income allocated to common shareholders, basic and diluted		$	(12,547,000	)		$	812,000
(LOSS) EARNINGS PER SHARE		$	(1.52	)		$	0.10
Weighted average common shares outstanding, basic and diluted			8,251,860				8,335,612

Schedule of assets measured at fair value on a non-recurring basis

						Fair Value Measurements Using
						Quotes Prices
						in Active				Significant
						Markets for				Other				Significant
						Identical				Observable				Unobservable
						Assets				Inputs				Inputs
(in thousands)		Fair Value				(Level 1)				(Level 2)				(Level 3)
2020
Agency bonds		$	503			$	--			$	503			$	--
Agency mortgage-backed: residential		$	38			$	--			$	38			$	--
2019
U.S. Treasury notes		$	497			$	--			$	497			$	--
Agency bonds		$	505			$	--			$	505			$	--
Agency mortgage-backed: residential		$	43			$	--			$	43			$	--

Schedule of assets measured at fair value on a non-recurring basis

						Fair Value Measurements Using
						Quotes Prices
						in Active				Significant
						Markets for				Other				Significant
						Identical				Observable				Unobservable
						Assets				Inputs				Inputs
(in thousands)		Fair Value				(Level 1)				(Level 2)				(Level 3)
2020
Other real estate owned, net
One- to four-family		$	465			$	-			$	-			$	465
2019
Loans
One- to four-family		$	593			$	-			$	-			$	593
Other real estate owned, net
One- to four-family		$	117			$	-			$	-			$	117

Schedule of assets measured at fair value on a non-recurring basis

										Range
		Fair Value				Valuation		Unobservable		(Weighted
June 30, 2020		(in thousands)				Technique(s)		Input(s)		Average)
Foreclosed and repossessed assets:
1-4 family		$	465			Sales comparison approach		Adjustments for differences between comparable sales		-2.7% to 41.2% (20.4%)
										Range
		Fair Value				Valuation		Unobservable		(Weighted
June 30, 2019		(in thousands)				Technique(s)		Input(s)		Average)
Loans:
1-4 family		$	593			Sales comparison approach		Adjustments for differences between comparable sales		25.3% to -50.6% (-0.6%)
Foreclosed and repossessed assets:
1-4 family		$	117			Sales comparison approach		Adjustments for differences between comparable sales		8.6% to 31.0% (29.0%)

Schedule of foregoing methods and assumptions, the carrying value and fair value

						Fair Value Measurements at
		Carrying				June 30, 2020 Using
(in thousands)		Value				Level 1				Level 2				Level 3				Total
Financial assets
Cash and cash equivalents		$	13,702			$	13,702											$	13,702
Time deposits in other financial institutions			2,229				2,252												2,252
Available-for-sale securities			541							$	541								541
Held-to-maturity securities			598								611								611
Loans held for sale			667								685								685
Loans receivable - net			285,887											$	295,431				295,431
Federal Home Loan Bank stock			6,498																n/a
Accrued interest receivable			830								830								830
Financial liabilities
Deposits		$	212,273			$	78,118			$	135,000							$	213,118
Federal Home Loan Bank advances			54,715								55,416								55,416
Advances by borrowers for taxes and insurance			800								800								800
Accrued interest payable			27								27								27

						Fair Value Measurements at
		Carrying				June 30, 2019 Using
(in thousands)		Value				Level 1				Level 2				Level 3				Total
Financial assets
Cash and cash equivalents		$	9,861			$	9,861											$	9,861
Time deposits in other financial institutions			6,962				6,963												6,963
Available-for-sale securities			1,045							$	1,045								1,045
Held-to-maturity securities			775								775								775
Loans receivable - net			280,969											$	285,700				285,700
Federal Home Loan Bank stock			6,482																n/a
Accrued interest receivable			758								758								758
Financial liabilities
Deposits		$	195,836			$	69,944			$	123,920							$	193,864
Federal Home Loan Bank advances			66,703								66,719								66,719
Advances by borrowers for taxes and insurance			763								763								763
Accrued interest payable			28								28								28

Schedule of loans outstanding

(in thousands)		2020				2019
Outstanding principal, beginning of year		$	1,246			$	845
Changes in composition of related parties			(129	)			--
Principal disbursed during the year			--				538
Principal repaid and refinanced during the year			(70	)			(137	)
Outstanding principal, end of year		$	1,047			$	1,246

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