XML 15 R4.htm IDEA: XBRL DOCUMENT v3.21.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Mar. 31, 2021
Mar. 31, 2020
Interest income        
Loans, including fees $ 2,899 $ 3,104 $ 8,835 $ 9,401
Mortgage-backed securities 3 6 11 17
Other securities 3 3 14
Interest-bearing deposits and other 38 92 122 364
Total interest income 2,940 3,205 8,971 9,796
Interest expense        
Interest-bearing demand deposits 8 5 23 16
Savings 69 51 194 154
Certificates of Deposit 310 572 1,110 1,654
Deposits 387 628 1,327 1,824
Borrowings 105 254 333 927
Total interest expense 492 882 1,660 2,751
Net interest income 2,448 2,323 7,311 7,045
Provision for loan losses     192 64
Net interest income after provision for loan losses 2,448 2,323 7,119 6,981
Non-interest income        
Earnings on bank-owned life insurance 19 20 58 58
Net gain on sales of loans 125 35 280 75
Net gain (loss) on sales of real estate owned   (1) (18) 6
Valuation adjustment for real estate owned   (12) (19) (36)
Other 38 39 132 130
Total non-interest income 182 81 433 233
Non-interest expense        
Employee compensation and benefits 1,383 1,400 4,027 4,168
Occupancy and equipment 145 141 425 420
FDIC insurance premiums 41 129
Voice and data communications 23 28 80 128
Advertising 38 41 114 133
Outside service fees 43 43 139 137
Data processing 138 149 430 388
Auditing and accounting 40 52 119 151
Franchise and other taxes   65 130 194
Foreclosure and real estate owned expenses (net) 19 17 66 57
Other 149 170 472 540
Total non-interest expense 2,019 2,106 6,131 6,316
Income before income taxes 611 298 1,421 898
Federal income tax expense 138 58 293 176
NET INCOME $ 473 $ 240 $ 1,128 $ 722
EARNINGS PER SHARE        
Basic and diluted (in Dollars per share) $ 0.06 $ 0.03 $ 0.14 $ 0.09
DIVIDENDS PER SHARE (in Dollars per share) $ 0.10 $ 0.10 $ 0.30 $ 0.30