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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2023
Jun. 30, 2022
ASSETS    
Cash and due from financial institutions $ 2,284 $ 2,002
Fed funds sold 665 14,824
Interest-bearing demand deposits 5,218 8,997
Cash and cash equivalents 8,167 25,823
Securities available-for-sale- at fair value 12,080 10,477
Securities held-to-maturity, at amortized cost-approximate fair value of $259 and $323 at June 30, 2023 and 2022, respectively 274 339
Loans held for sale 152
Loans, net of allowance of $1,634 and $1,529 at June 30, 2023 and 2022, respectively 313,807 274,583
Real estate acquired through foreclosure 70 10
Office premises and equipment - at depreciated cost 4,435 4,563
Federal Home Loan Bank stock - at cost 4,623 6,498
Accrued interest receivable 902 649
Bank-owned life insurance 2,831 2,750
Goodwill 947 947
Prepaid income taxes 144 382
Prepaid expenses and other assets 742 907
Total assets 349,022 328,080
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Savings 57,593 75,524
Certificates of deposit 137,315 124,705
Demand deposit accounts 31,401 39,628
Deposits 226,309 239,857
Federal Home Loan Bank advances 70,087 34,066
Advances by borrowers for taxes and insurance 793 766
Accrued interest payable 70 12
Deferred income taxes 513 889
Other liabilities 539 465
Total liabilities 298,311 276,055
Shareholders’ equity    
Preferred stock, 500,000 shares authorized, $.01 par value; no shares issued
Common stock, 20,000,000 shares authorized, $.01 par value; 8,596,064 shares issued 86 86
Additional paid-in capital 34,891 34,892
Retained earnings - restricted 20,130 20,560
Unearned employee stock ownership plan (ESOP), 0 shares and 458 shares at June 30, 2023 and 2022, respectively (5)
Treasury shares, 509,349 and 441,369 shares at June 30, 2023 and 2022, respectively (3,969) (3,508)
Accumulated other comprehensive loss (427)
Total shareholders’ equity 50,711 52,025
Total liabilities and shareholders’ equity $ 349,022 $ 328,080