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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Dec. 31, 2020
Jun. 30, 2020
ASSETS    
Cash and due from financial institutions $ 1,443 $ 1,662
Interest-bearing demand deposits 13,287 12,040
Cash and cash equivalents 14,730 13,702
Time deposits in other financial institutions 745 2,229
Securities available-for-sale 36 541
Securities held-to-maturity, at amortized cost- approximate fair value of $550 and $611 at December 31, 2020 and June 30, 2020, respectively 534 598
Loans held for sale 1,730 667
Loans, net of allowance of $1,622 and $1,488 at December 31, 2020 and June 30, 2020, respectively 296,264 285,887
Real estate owned, net 164 640
Premises and equipment, net 4,825 4,916
Federal Home Loan Bank stock, at cost 6,498 6,498
Accrued interest receivable 694 830
Bank-owned life insurance 2,633 2,594
Goodwill 947 947
Prepaid federal income taxes 90 135
Prepaid expenses and other assets 790 952
Total assets 330,680 321,136
LIABILITIES AND SHAREHOLDERS' EQUITY    
Deposits 216,298 212,273
Federal Home Loan Bank advances 61,048 54,715
Advances by borrowers for taxes and insurance 262 800
Accrued interest payable 20 27
Deferred income taxes 768 837
Other liabilities 452 573
Total liabilities 278,848 269,225
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 34,948 34,981
Retained earnings 19,896 19,932
Unearned employee stock ownership plan (ESOP), 19,593 shares and 28,931 shares at December 31, 2020 and June 30, 2020, respectively (196) (289)
Treasury shares at cost, 359,349 and 342,849 common shares at December 31, 2020 and June 30, 2020, respectively (2,902) (2,801)
Accumulated other comprehensive income 2
Total shareholders’ equity 51,832 51,911
Total liabilities and shareholders’ equity $ 330,680 $ 321,136