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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Interest income    
Loans, including fees $ 3,459 $ 2,644
Mortgage-backed securities 99 114
Interest-bearing deposits and other 176 127
Total interest income 3,734 2,885
Interest expense    
Interest-bearing demand deposits 8 11
Savings 57 102
Certificates of deposit 1,151 237
Deposits 1,216 350
Borrowings 848 103
Total interest expense 2,064 453
Net interest income 1,670 2,432
Provision for credit losses 6 113
Net interest income after provision for credit losses 1,664 2,319
Non-interest income    
Earnings on bank-owned life insurance 21 20
Net gain (loss) on sales of loans (1) 7
Net gain on sale of other real estate owned 10
Net gain on sale of real estate owned 4
Other 50 61
Total non-interest income 74 98
Non-interest expense    
Employee compensation and benefits 1,242 1,194
Data processing 133 106
Occupancy and equipment 142 154
FDIC insurance premiums 35 21
Voice and data communications 38 34
Advertising 39 32
Outside service fees 78 58
Auditing and accounting 65 81
Regulatory assessments 17 25
Foreclosure and real estate owned expenses (net) 23 24
Franchise and other taxes 33 37
Other 137 162
Total non-interest expense 1,982 1,928
Income (loss) before income taxes (244) 489
Income tax expense (benefit) (69) 116
NET INCOME (LOSS) $ (175) $ 373
EARNINGS (LOSS) PER SHARE    
Basic and diluted (in Dollars per share) $ (0.02) $ 0.05
DIVIDENDS PER SHARE (in Dollars per share) $ 0.1 $ 0.1