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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2022
Jun. 30, 2021
ASSETS    
Cash and due from financial institutions $ 2,214 $ 1,834
Fed funds sold 34,016 5,001
Interest-bearing demand deposits 9,831 14,813
Cash and cash equivalents 46,061 21,648
Time deposits in other financial institutions 247
Securities available-for-sale 29 33
Securities held-to-maturity, at amortized cost- approximate fair value of $353 and $476 at March 31, 2022 and June 30, 2021, respectively 358 462
Loans held for sale 1,342 1,307
Loans, net of allowance of $1,484 and $1,622 at March 31, 2022 and June 30, 2021, respectively 269,396 297,902
Real estate owned, net 61 82
Premises and equipment, net 4,630 4,697
Federal Home Loan Bank stock, at cost 6,498 6,498
Accrued interest receivable 631 694
Bank-owned life insurance 2,731 2,672
Goodwill 947 947
Prepaid federal income taxes 262 40
Prepaid expenses and other assets 952 834
Total assets 333,898 338,063
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Deposits 238,642 226,843
Federal Home Loan Bank advances 40,782 56,873
Advances by borrowers for taxes and insurance 529 838
Accrued interest payable 16 20
Deferred income taxes 767 614
Other liabilities 516 579
Total liabilities 281,252 285,767
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 20,703 20,364
Unearned employee stock ownership plan (ESOP), 688 shares and 10,255 shares at March 31, 2022 and June 30, 2021, respectively (7) (102)
Treasury shares at cost, 377,849 and 369,349 common shares at March 31, 2022 and June 30, 2021, respectively (3,029) (2,968)
Accumulated other comprehensive income
Total shareholders’ equity 52,646 52,296
Total liabilities and shareholders’ equity $ 333,898 $ 338,063