XML 52 R4.htm IDEA: XBRL DOCUMENT v3.20.1
Condensed Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Mar. 31, 2020
Mar. 31, 2019
Interest income        
Loans, including fees $ 3,104 $ 3,013 $ 9,401 $ 8,907
Mortgage-backed securities 6 8 17 24
Other securities 3 3 14 7
Interest-bearing deposits and other 92 168 364 478
Total interest income 3,205 3,192 9,796 9,416
Interest expense        
Interest-bearing demand deposits 5 6 16 18
Savings 51 53 154 163
Certificates of Deposit 572 448 1,654 1,255
Deposits 628 507 1,824 1,436
Borrowings 254 338 927 906
Total interest expense 882 845 2,751 2,342
Net interest income 2,323 2,347 7,045 7,074
Provision for loan losses 64 11
Net interest income after provision for loan losses 2,323 2,347 6,981 7,063
Non-interest income        
Earnings on bank-owned life insurance 20 19 58 56
Net gain on sales of loans 35 9 75 29
Net gain (loss) on sales of real estate owned (1) (5) 6 7
Valuation adjustment for real estate owned (12) (36) (54)
Other 39 58 130 155
Total non-interest income 81 81 233 193
Non-interest expense        
Employee compensation and benefits 1,400 1,452 4,168 4,369
Occupancy and equipment 141 171 420 506
Voice and data communications 28 54 128 187
Advertising 41 41 133 172
Outside service fees 43 42 137 114
Data processing 149 116 388 330
Auditing and accounting 52 10 151 76
Franchise and other taxes 65 65 194 191
Foreclosure and real estate owned expenses (net) 17 18 57 78
Other 170 204 540 604
Total non-interest expense 2,106 2,173 6,316 6,627
Income before income taxes 298 255 898 629
Federal income tax expense 58 48 176 117
NET INCOME $ 240 $ 207 $ 722 $ 512
EARNINGS PER SHARE        
Basic and diluted $ 0.03 $ 0.02 $ 0.09 $ 0.06
DIVIDENDS PER SHARE $ 0.1 $ 0.1 $ 0.3 $ 0.3