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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2021
Jun. 30, 2020
ASSETS    
Cash and due from financial institutions $ 1,834 $ 1,662
Fed funds sold 5,001
Interest-bearing demand deposits 14,813 12,040
Cash and cash equivalents 21,648 13,702
Time deposits in other financial institutions 247 2,229
Securities available for sale 33 541
Securities held-to-maturity, at amortized cost- approximate fair value of $476 and $611 at June 30, 2021 and 2020, respectively 462 598
Loans held for sale 1,307 667
Loans, net of allowance of $1,622 and $1,488 at June 30, 2021 and 2020, respectively 297,902 285,887
Other real estate owned, net 82 640
Premises and equipment, net 4,697 4,916
Federal Home Loan Bank stock, at cost 6,498 6,498
Accrued interest receivable 694 830
Bank-owned life insurance 2,672 2,594
Goodwill 947 947
Prepaid income taxes 40 135
Prepaid expenses and other assets 834 952
Total assets 338,063 321,136
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Deposits 226,843 212,273
Federal Home Loan Bank advances 56,873 54,715
Advances by borrowers for taxes and insurance 838 800
Accrued interest payable 20 27
Deferred income taxes 614 837
Other liabilities 579 573
Total liabilities 285,767 269,225
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 34,916 34,981
Retained earnings 20,364 19,932
Unearned employee stock ownership plan (ESOP) (102) (289)
Treasury shares at cost, 369,349 and 343,849 common shares at June 30, 2021 and 2020, respectively (2,968) (2,801)
Accumulated other comprehensive income 2
Total shareholders’ equity 52,296 51,911
Total liabilities and shareholders’ equity $ 338,063 $ 321,136