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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Dec. 31, 2022
Jun. 30, 2022
ASSETS    
Cash and due from financial institutions $ 2,281 $ 2,002
Fed funds sold 648 14,824
Interest-bearing demand deposits 4,725 8,997
Cash and cash equivalents 7,654 25,823
Securities available-for-sale 13,539 10,477
Securities held-to-maturity, at amortized cost- approximate fair value of $289 and $323 at December 31, 2022 and June 30, 2022, respectively 304 339
Loans held for sale   152
Loans, net of allowance of $1,655 and $1,529 at December 31, 2022 and June 30, 2022, respectively 298,964 274,583
Real estate owned, net 10 10
Premises and equipment, net 4,547 4,563
Federal Home Loan Bank stock, at cost 4,993 6,498
Accrued interest receivable 840 649
Bank-owned life insurance 2,791 2,750
Goodwill 947 947
Prepaid federal income taxes   382
Prepaid expenses and other assets 788 907
Total assets 335,377 328,080
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Deposits 209,383 239,857
Federal Home Loan Bank advances 73,228 34,066
Advances by borrowers for taxes and insurance 271 766
Accrued interest payable 15 12
Accrued income taxes 318  
Deferred income taxes 104 889
Other liabilities 417 465
Total liabilities 283,736 276,055
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 20,622 20,560
Unearned employee stock ownership plan (ESOP)   (5)
Treasury shares at cost, 456,369 and 441,369 common shares at December 31, 2022 and June 30, 2022, respectively (3,616) (3,508)
Accumulated other comprehensive income (loss) (343)
Total shareholders’ equity 51,641 52,025
Total liabilities and shareholders’ equity $ 335,377 $ 328,080