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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2021
Jun. 30, 2020
ASSETS    
Cash and due from financial institutions $ 1,724 $ 1,662
Fed funds sold 5,001  
Interest-bearing demand deposits 8,042 12,040
Cash and cash equivalents 14,767 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 $508 and $611 at March 31, 2021 and June 30, 2020, respectively 491 598
Loans held for sale 1,261 667
Loans, net of allowance of $1,622 and $1,488 at March 31, 2021 and June 30, 2020, respectively 299,190 285,887
Real estate owned, net 141 640
Premises and equipment, net 4,766 4,916
Federal Home Loan Bank stock, at cost 6,498 6,498
Accrued interest receivable 727 830
Bank-owned life insurance 2,652 2,594
Goodwill 947 947
Prepaid federal income taxes 64 135
Prepaid expenses and other assets 848 952
Total assets 332,632 321,136
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Deposits 225,543 212,273
Federal Home Loan Bank advances 53,193 54,715
Advances by borrowers for taxes and insurance 560 800
Accrued interest payable 25 27
Deferred income taxes 725 837
Other liabilities 696 573
Total liabilities 280,742 269,225
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 34,901 34,981
Retained earnings 20,020 19,932
Unearned employee stock ownership plan (ESOP), 14,924 shares and 28,931 shares at March 31, 2021 and June 30, 2020, respectively (149) (289)
Treasury shares at cost, 369,349 and 342,849 common shares at March 31, 2021 and June 30, 2020, respectively (2,968) (2,801)
Accumulated other comprehensive income 2
Total shareholders’ equity 51,890 51,911
Total liabilities and shareholders’ equity $ 332,632 $ 321,136