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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2021
Jun. 30, 2021
ASSETS    
Cash and due from financial institutions $ 1,628 $ 1,834
Fed funds sold 5,003 5,001
Interest-bearing demand deposits 19,301 14,813
Cash and cash equivalents 25,932 21,648
Time deposits in other financial institutions 247
Securities available-for-sale 31 33
Securities held-to-maturity, at amortized cost- approximate fair value of $452 and $476 at September 30, 2021 and June 30, 2021, respectively 436 462
Loans held for sale 90 1,307
Loans, net of allowance of $1,610 and $1,622 at September 30, 2021 and June 30, 2021, respectively 293,990 297,902
Real estate owned, net 51 82
Premises and equipment, net 4,671 4,697
Federal Home Loan Bank stock, at cost 6,498 6,498
Accrued interest receivable 613 694
Bank-owned life insurance 2,691 2,672
Goodwill 947 947
Prepaid federal income taxes 40
Prepaid expenses and other assets 959 834
Total assets 336,909 338,063
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Deposits 231,489 226,843
Federal Home Loan Bank advances 50,355 56,873
Advances by borrowers for taxes and insurance 962 838
Accrued interest payable 21 20
Accrued income taxes 76
Deferred income taxes 582 614
Other liabilities 875 579
Total liabilities 284,360 285,767
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 34,906 34,916
Retained earnings 20,581 20,364
Unearned employee stock ownership plan (ESOP), 5,586 shares and 10,255 shares at September 30, 2021 and June 30, 2021, respectively (56) (102)
Treasury shares at cost, 369,349 and 369,349 common shares at September 30, 2021 and June 30, 2021, respectively (2,968) (2,968)
Accumulated other comprehensive income
Total shareholders’ equity 52,549 52,296
Total liabilities and shareholders’ equity $ 336,909 $ 338,063