XML 16 R2.htm IDEA: XBRL DOCUMENT v3.20.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2020
Jun. 30, 2019
ASSETS    
Cash and due from financial institutions $ 1,663 $ 1,870
Interest-bearing demand deposits 15,362 7,991
Cash and cash equivalents 17,025 9,861
Time deposits in other financial institutions 2,723 6,962
Securities available-for-sale 545 1,045
Securities held-to-maturity, at amortized cost- approximate fair value of $641 and $775 at March 31, 2020 and June 30, 2019, respectively 625 775
Loans held for sale 560
Loans, net of allowance of $1,448 and $1,456 at March 31, 2020 and June 30, 2019, respectively 278,639 280,969
Real estate owned, net 748 710
Premises and equipment, net 4,979 5,028
Federal Home Loan Bank stock, at cost 6,498 6,482
Accrued interest receivable 712 758
Bank-owned life insurance 2,576 2,518
Goodwill 14,507 14,507
Prepaid federal income taxes 88 266
Prepaid expenses and other assets 755 890
Total assets 330,980 330,771
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Deposits 208,555 195,836
Federal Home Loan Bank advances 55,042 66,703
Advances by borrowers for taxes and insurance 517 763
Accrued interest payable 33 28
Deferred federal income taxes 703 701
Other liabilities 561 462
Total liabilities 265,411 264,493
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 34,998 35,056
Retained earnings 33,551 33,867
Unearned employee stock ownership plan (ESOP), 33,600 shares and 47,607 shares at March 31, 2020 and June 30, 2019, respectively (336) (476)
Treasury shares at cost, 333,849 and 266,549 common shares at March 31, 2020 and June 30, 2019, respectively (2,734) (2,259)
Accumulated other comprehensive income 4 4
Total shareholders’ equity 65,569 66,278
Total liabilities and shareholders’ equity $ 330,980 $ 330,771