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Deposits

12 Months Ended

Jun. 30, 2024

Deposits [Abstract]

DEPOSITS

NOTE G - DEPOSITS

Deposits consist of the following major classifications at June 30:

(in thousands)		2024				2023
Non-interest bearing checking accounts		$	15,428			$	12,333
Checking accounts			16,749				19,068
Savings Accounts			39,221				49,477
Money market demand deposits			8,169				8,116
Total demand, transaction and passbook deposits			79,567				88,994
Certificates of deposit			176,572				137,315
Total deposits		$	256,139			$	226,309

Maturities of outstanding certificates of deposit at June 30 are summarized as follows:

(in thousands)		2024
2025		$	149,323
2026			14,099
2027			11,277
2028			1,608
2029 and thereafter			265
		$	176,572

At June 30, 2024 and 2023, the Company had certificate of deposit accounts with balances equal to or in excess of $250,000 totaling approximately $21.0 million and $14.7 million, respectively. Brokered certificates of deposit totaled $52.0 million at June 30, 2024 compared to 21.0 million at June 30, 2023.

X

- Definition

The entire disclosure for deposit liabilities including data and tables. It may include a description of the entity's deposit liabilities, the aggregate amount of time deposits (including certificates of deposit) in denominations of $100,000 or more at the balance sheet date; the aggregate amount of any demand deposits that have been reclassified as loan balances, such as overdrafts, at the balance sheet date; deposits that are received on terms other than those in the normal course of business, the amount of accrued interest on deposit liabilities; securities, mortgage loans or other financial instruments that serve as collateral for deposits; for time deposits having a remaining term of more than one year, the aggregate amount of maturities for each of the five years following the balance sheet date; and the weighted average interest rate for all deposit liabilities held by the entity.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-SubTopic 405
-Topic 942
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478353/942-405-50-1

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 942
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03(12))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478546/942-210-S99-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Name Regulation S-K (SK)
-Number 229
-Section 1406
-Paragraph e
-Publisher SEC

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Name Regulation S-K (SK)
-Number 229
-Section 1406
-Publisher SEC

+ Details

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X

- References

No definition available.

+ Details

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Namespace Prefix:	us-gaap_
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Balance Type:	na
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