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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Dec. 31, 2021
Jun. 30, 2021
ASSETS    
Cash and due from financial institutions $ 3,035 $ 1,834
Fed funds sold 19,006 5,001
Interest-bearing demand deposits 23,251 14,813
Cash and cash equivalents 45,292 21,648
Time deposits in other financial institutions 247
Securities available-for-sale 30 33
Securities held-to-maturity, at amortized cost- approximate fair value of $421 and $476 at December 31, 2021 and June 30, 2021, respectively 411 462
Loans held for sale 585 1,307
Loans, net of allowance of $1,603 and $1,622 at December 31, 2021 and June 30, 2021, respectively 276,684 297,902
Real estate owned, net 51 82
Premises and equipment, net 4,646 4,697
Federal Home Loan Bank stock, at cost 6,498 6,498
Accrued interest receivable 649 694
Bank-owned life insurance 2,711 2,672
Goodwill 947 947
Prepaid federal income taxes 208 40
Prepaid expenses and other assets 856 834
Total assets 339,568 338,063
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Deposits 236,838 226,843
Federal Home Loan Bank advances 48,822 56,873
Advances by borrowers for taxes and insurance 246 838
Accrued interest payable 16 20
Deferred income taxes 579 614
Other liabilities 408 579
Total liabilities 286,909 285,767
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 34,893 34,916
Retained earnings 20,718 20,364
Unearned employee stock ownership plan (ESOP), 917 shares and 10,255 shares at December 31, 2021 and June 30, 2021, respectively (9) (102)
Treasury shares at cost, 377,849 and 369,349 common shares at December 31, 2021 and June 30, 2021, respectively (3,029) (2,968)
Accumulated other comprehensive income
Total shareholders’ equity 52,659 52,296
Total liabilities and shareholders’ equity $ 339,568 $ 338,063