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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2023
Jun. 30, 2022
ASSETS    
Cash and due from financial institutions $ 2,242 $ 2,002
Fed funds sold 656 14,824
Interest-bearing demand deposits 5,187 8,997
Cash and cash equivalents 8,085 25,823
Securities available-for-sale 12,863 10,477
Securities held-to-maturity, at amortized cost- approximate fair value of $273 and $323 at March 31, 2023 and June 30, 2022, respectively 289 339
Loans held for sale 152
Loans, net of allowance of $1,633 and $1,529 at March 31, 2023 and June 30, 2022, respectively 306,960 274,583
Real estate owned, net 70 10
Premises and equipment, net 4,490 4,563
Federal Home Loan Bank stock, at cost 4,688 6,498
Accrued interest receivable 887 649
Bank-owned life insurance 2,811 2,750
Goodwill 947 947
Prepaid income taxes 382
Deferred income taxes 49
Prepaid expenses and other assets 775 907
Total assets 342,914 328,080
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Deposits 209,391 239,857
Federal Home Loan Bank advances 80,899 34,066
Advances by borrowers for taxes and insurance 503 766
Accrued interest payable 48 12
Accrued income taxes 469
Deferred income taxes 889
Other liabilities 465 465
Total liabilities 291,775 276,055
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 34,891 34,892
Retained earnings 20,425 20,560
Unearned employee stock ownership plan (ESOP) (5)
Treasury shares at cost, 498,369 and 441,369 common shares at March 31, 2023 and June 30, 2022, respectively (3,902) (3,508)
Accumulated other comprehensive income (loss) (361)
Total shareholders’ equity 51,139 52,025
Total liabilities and shareholders’ equity $ 342,914 $ 328,080