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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Mar. 31, 2024
Mar. 31, 2023
Interest income        
Loans, including fees $ 3,841 $ 2,983 $ 10,927 $ 8,522
Mortgage-backed securities 97 116 288 345
Interest-bearing deposits and other 235 111 619 359
Total interest income 4,173 3,210 11,834 9,226
Interest expense        
Interest-bearing demand deposits 7 9 23 29
Savings 53 62 165 235
Certificates of Deposit 1,526 383 4,122 844
Deposits 1,586 454 4,310 1,108
Borrowings 822 711 2,432 1,193
Total interest expense 2,408 1,165 6,742 2,301
Net interest income 1,765 2,045 5,092 6,925
Provision for (recovery of) credit losses (28) (13) 113
Net interest income after provision for credit losses 1,793 2,045 5,105 6,812
Non-interest income        
Earnings on bank-owned life insurance 21 20 63 60
Net gain on sales of loans 8 14 6
Net gain on sales of real estate owned 4
Net gain on sale of property and equipment held for sale 10
Other 49 49 118 160
Total non-interest income 78 69 199 236
Non-interest expense        
Employee compensation and benefits 1,246 1,243 3,761 3,697
Data processing 115 100 395 330
Occupancy and equipment 153 156 442 469
FDIC insurance premiums 57 22 164 63
Voice and data communications 35 32 93 93
Advertising 36 31 124 110
Outside service fees 72 77 284 181
Auditing and accounting 86 36 258 212
Regulatory assessments 17 17 49 67
Foreclosure and real estate owned expenses (net) 21 32 64 77
Franchise and other taxes 28 29 80 107
Other 150 141 433 468
Total non-interest expense 2,016 1,916 6,147 5,874
Income (loss) before income taxes (145) 198 (843) 1,174
Income tax expense (benefit) (38) 54 (200) 283
Net income (loss) $ (107) $ 144 $ (643) $ 891
EARNINGS PER SHARE        
Basic and diluted (in Dollars per share) $ (0.01) $ 0.02 $ (0.08) $ 0.11
DIVIDENDS PER SHARE (in Dollars per share) $ 0.1 $ 0.2 $ 0.3