XML 12 R2.htm IDEA: XBRL DOCUMENT v3.23.3
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2023
Jun. 30, 2023
ASSETS    
Cash and due from financial institutions $ 1,800 $ 2,284
Fed funds sold 674 665
Interest-bearing demand deposits 10,112 5,218
Cash and cash equivalents 12,586 8,167
Securities available for sale 11,230 12,080
Securities held-to-maturity, at amortized cost- approximate fair value of $241 and $259 at September 30, 2023 and June 30, 2023, respectively 256 274
Loans held for sale 280  
Loans, net of allowance of $2,126 and $1,634 at September 30, 2023 and June 30, 2023, respectively1 318,187 313,807
Other real estate owned, net 10 70
Premises and equipment, net 4,397 4,435
Federal Home Loan Bank stock, at cost 4,031 4,623
Accrued interest receivable 1,003 902
Bank-owned life insurance 2,852 2,831
Goodwill 947 947
Prepaid income taxes 247 144
Prepaid expenses and other assets 758 742
Total assets 356,784 349,022
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Deposits 252,359 226,309
Federal Home Loan Bank advances 52,576 70,087
Advances by borrowers for taxes and insurance 1,123 793
Accrued interest payable 164 70
Deferred income taxes 239 513
Other liabilities 674 539
Total liabilities 307,135 298,311
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 34,891
Retained earnings 19,206 20,130
Treasury shares at cost, 509,349 common shares at September 30, 2023 and June 30, 2023, respectively (3,969) (3,969)
Accumulated other comprehensive income (loss) (565) (427)
Total shareholders’ equity 49,649 50,711
Total liabilities and shareholders’ equity $ 356,784 $ 349,022