XML 15 R4.htm IDEA: XBRL DOCUMENT v3.20.2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Interest income    
Loans, including fees $ 2,976 $ 3,172
Mortgage-backed securities 4 6
Other securities 3 6
Interest-bearing deposits and other 46 144
Total interest income 3,029 3,328
Interest expense    
Interest-bearing demand deposits 7 5
Savings 59 52
Certificates of Deposit 448 531
Deposits 514 588
Borrowings 125 359
Total interest expense 639 947
Net interest income 2,390 2,381
Provision for loan losses 84 59
Net interest income after provision for loan losses 2,306 2,322
Non-interest income    
Earnings on bank-owned life insurance 20 19
Net gain on sales of loans 58 6
Net gain on sales of real estate owned 1  
Other 49 49
Total non-interest income 128 74
Non-interest expense    
Employee compensation and benefits 1,343 1,360
Occupancy and equipment 138 143
FDIC insurance premiums 57 14
Voice and data communications 21 61
Advertising 37 48
Outside service fees 63 51
Data processing 147 105
Auditing and accounting 40 47
Franchise and other taxes 65 65
Foreclosure and real estate owned expenses (net) 17 34
Other 155 174
Total non-interest expense 2,083 2,102
Income before income taxes 351 294
Income tax expense 66 60
NET INCOME $ 285 $ 234
EARNINGS PER SHARE    
Basic and diluted (in Dollars per share) $ 0.04 $ 0.03
DIVIDENDS PER SHARE (in Dollars per share) $ 0.10 $ 0.10