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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2022
Jun. 30, 2022
ASSETS    
Cash and due from financial institutions $ 1,759 $ 2,002
Fed funds sold 645 14,824
Interest-bearing demand deposits 6,231 8,997
Cash and cash equivalents 8,635 25,823
Securities available for sale 14,151 10,477
Securities held-to-maturity, at amortized cost- approximate fair value of $302 and $323 at September 30, 2022 and June 30, 2022, respectively 321 339
Loans held for sale   152
Loans, net of allowance of $1,642 and $1,529 at September 30, 2022 and June 30, 2022, respectively 292,659 274,583
Other real estate owned, net 10 10
Premises and equipment, net 4,564 4,563
Federal Home Loan Bank stock, at cost 4,949 6,498
Accrued interest receivable 799 649
Bank-owned life insurance 2,770 2,750
Goodwill 947 947
Prepaid income taxes 342 382
Prepaid expenses and other assets 770 907
Total assets 330,917 328,080
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Deposits 226,292 239,857
Federal Home Loan Bank advances 50,752 34,066
Advances by borrowers for taxes and insurance 1,095 766
Accrued interest payable 11 12
Deferred income taxes 623 889
Other liabilities 515 465
Total liabilities 279,288 276,055
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 34,892 34,892
Retained earnings 20,591 20,560
Unearned employee stock ownership plan (ESOP) (2) (5)
Treasury shares at cost, 441,369 and 441,369 common shares at September 30, 2022 and June 30, 2022, respectively (3,508) (3,508)
Accumulated other comprehensive income (loss) (430)
Total shareholders’ equity 51,629 52,025
Total liabilities and shareholders’ equity $ 330,917 $ 328,080