XML 14 R4.htm IDEA: XBRL DOCUMENT v3.23.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Mar. 31, 2023
Mar. 31, 2022
Interest income        
Loans, including fees $ 2,983 $ 2,513 $ 8,522 $ 8,190
Mortgage-backed securities 116 2 345 8
Interest-bearing deposits and other 111 46 359 118
Total interest income 3,210 2,561 9,226 8,316
Interest expense        
Interest-bearing demand deposits 9 10 29 29
Savings 62 68 235 203
Certificates of Deposit 383 258 844 823
Deposits 454 336 1,108 1,055
Borrowings 711 87 1,193 285
Total interest expense 1,165 423 2,301 1,340
Net interest income 2,045 2,138 6,925 6,976
Provision for loan losses (106) 113 (106)
Net interest income after provision for loan losses 2,045 2,244 6,812 7,082
Non-interest income        
Earnings on bank-owned life insurance 20 19 60 59
Net gain on sales of loans   23 6 231
Net gain (loss) on sales of real estate owned   (8)
Net gain on sale of property and equipment held for sale 10
Other 49 52 160 140
Total non-interest income 69 94 236 422
Non-interest expense        
Employee compensation and benefits 1,243 1,237 3,697 3,675
Data processing 100 109 330 416
Occupancy and equipment 156 159 469 460
FDIC insurance premiums 22 23 63 49
Voice and data communications 32 31 93 93
Advertising 31 20 110 106
Outside service fees 77 31 181 133
Auditing and accounting 36 48 212 128
Regulatory assessments 17 25 67 77
Foreclosure and real estate owned expenses (net) 32 23 77 67
Franchise and other taxes 29 23 107 114
Other 141 142 468 428
Total non-interest expense 1,916 1,871 5,874 5,746
Income before income taxes 198 467 1,174 1,758
Income tax expense 54 133 283 374
NET INCOME $ 144 $ 334 $ 891 $ 1,384
EARNINGS PER SHARE        
Basic (in Dollars per share) $ 0.02 $ 0.04 $ 0.11 $ 0.17
DIVIDENDS PER SHARE (in Dollars per share) $ 0.1 $ 0.1 $ 0.3 $ 0.3