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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2020
Jun. 30, 2020
ASSETS    
Cash and due from financial institutions $ 1,906 $ 1,662
Interest-bearing demand deposits 15,210 12,040
Cash and cash equivalents 17,116 13,702
Time deposits in other financial institutions 1,241 2,229
Securities available-for-sale 36 541
Securities held-to-maturity, at amortized cost- approximate fair value of $582 and $611 at September 30, 2020 and June 30, 2020, respectively 564 598
Loans held for sale 1,035 667
Loans, net of allowance of $1,536 and $1,488 at September 30, 2020 and June 30, 2020, respectively 290,509 285,887
Real estate owned, net 679 640
Premises and equipment, net 4,863 4,916
Federal Home Loan Bank stock, at cost 6,498 6,498
Accrued interest receivable 700 830
Bank-owned life insurance 2,614 2,594
Goodwill 947 947
Prepaid federal income taxes 135
Prepaid expenses and other assets 882 952
Total assets 327,684 321,136
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Deposits 215,102 212,273
Federal Home Loan Bank advances 58,392 54,715
Advances by borrowers for taxes and insurance 1,084 800
Accrued interest payable 24 27
Accrued federal income taxes 95
Deferred income taxes 593 837
Other liabilities 565 573
Total liabilities 275,855 269,225
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 34,963 34,981
Retained earnings 19,873 19,932
Unearned employee stock ownership plan (ESOP), 24,262 shares and 28,931 shares at September 30, 2020 and June 30, 2020, respectively (243) (289)
Treasury shares at cost, 351,849 and 342,849 common shares at September 30, 2020 and June 30, 2020, respectively (2,850) (2,801)
Accumulated other comprehensive income 2
Total shareholders’ equity 51,829 51,911
Total liabilities and shareholders’ equity $ 327,684 $ 321,136