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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Interest income    
Loans, including fees $ 2,934 $ 2,976
Mortgage-backed securities 3 4
Other securities 3
Interest-bearing deposits and other 37 46
Total interest income 2,974 3,029
Interest expense    
Interest-bearing demand deposits 9 7
Savings 68 59
Certificates of Deposit 291 448
Deposits 368 514
Borrowings 101 125
Total interest expense 469 639
Net interest income 2,505 2,390
Provision for loan losses 84
Net interest income after provision for loan losses 2,505 2,306
Non-interest income    
Earnings on bank-owned life insurance 19 20
Net gain on sales of loans 162 58
Net gain (loss) on sales of real estate owned (11) 1
Other 58 49
Total non-interest income 228 128
Non-interest expense    
Employee compensation and benefits 1,342 1,315
Data processing 121 147
Occupancy and equipment 151 166
FDIC insurance premiums 4 57
Voice and data communications 32 21
Advertising 43 37
Outside service fees 27 63
Auditing and accounting 54 40
Regulatory assessments 26 26
Foreclosure and real estate owned expenses (net) 6 17
Franchise and other taxes 1 65
Other 174 129
Total non-interest expense 1,981 2,083
Income before income taxes 752 351
Income tax expense 184 66
NET INCOME $ 568 $ 285
EARNINGS PER SHARE    
Basic and diluted (in Dollars per share) $ 0.07 $ 0.04
DIVIDENDS PER SHARE (in Dollars per share) $ 0.1 $ 0.1