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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2022
Dec. 31, 2021
Interest income        
Loans, including fees $ 2,895 $ 2,743 $ 5,539 $ 5,677
Mortgage-backed securities 115 3 229 6
Interest-bearing deposits and other 121 35 248 72
Total interest income 3,131 2,781 6,016 5,755
Interest expense        
Interest-bearing demand deposits 9 10 20 19
Savings 71 67 173 135
Certificates of Deposit 224 274 461 565
Deposits 304 351 654 719
Borrowings 379 97 482 198
Total interest expense 683 448 1,136 917
Net interest income 2,448 2,333 4,880 4,838
Provision for loan losses 113
Net interest income after provision for loan losses 2,448 2,333 4,767 4,838
Non-interest income        
Earnings on bank-owned life insurance 20 21 41 40
Net gain on sales of loans (1) 46 6 208
Net gain (loss) on sales of real estate owned 3 (8)
Net gain on sale of property and equipment held for sale 10
Other 50 30 110 88
Total non-interest income 69 100 167 328
Non-interest expense        
Employee compensation and benefits 1,260 1,096 2,454 2,438
Data processing 124 186 230 307
Occupancy and equipment 159 150 313 301
FDIC insurance premiums 20 22 41 26
Voice and data communications 27 30 61 62
Advertising 47 43 79 86
Outside service fees 46 75 104 102
Auditing and accounting 95 26 176 80
Regulatory assessments 25 26 50 52
Foreclosure and real estate owned expenses (net) 21 38 45 44
Franchise and other taxes 41 90 78 91
Other 165 112 327 286
Total non-interest expense 2,030 1,894 3,958 3,875
Income before income taxes 487 539 976 1,291
Income tax expense 113 57 229 241
NET INCOME $ 374 $ 482 $ 747 $ 1,050
EARNINGS PER SHARE        
Basic and diluted (in Dollars per share) $ 0.04 $ 0.06 $ 0.09 $ 0.13
DIVIDENDS PER SHARE (in Dollars per share) $ 0.1 $ 0.1 $ 0.2 $ 0.2