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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2024
Jun. 30, 2024
ASSETS    
Cash and due from financial institutions $ 2,876 $ 1,913
Fed funds sold 720 703
Interest-bearing demand deposits 13,673 15,671
Cash and cash equivalents 17,269 18,287
Securities available-for-sale- at fair value 9,416 9,648
Securities held-to-maturity, at amortized cost-approximate fair value of $195 and $203 at September 30, 2024 and June 30, 2024, respectively 199 213
Loans held for sale 1,502 110
Loans, net of allowance for credit losses of $2,141 and $2,127 at September 30, 2024 and June 30, 2024, respectively 333,175 333,025
Real estate acquired through foreclosure 10 10
Office premises and equipment - at depreciated cost 4,216 4,267
Federal Home Loan Bank stock - at cost 4,439 4,230
Accrued interest receivable 1,277 1,169
Bank-owned life insurance 2,936 2,915
Goodwill
Prepaid income taxes 194 219
Prepaid expenses and other assets 1,017 875
Total assets 375,650 374,968
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Savings 47,269 47,390
Certificates of deposit 176,222 176,572
Demand deposit accounts 31,424 32,177
Deposits 254,915 256,139
Federal Home Loan Bank advances 70,055 68,988
Advances by borrowers for taxes and insurance 1,242 909
Accrued interest payable 242 176
Deferred income taxes 166 113
Other liabilities 807 646
Total liabilities 327,427 326,971
Shareholders’ equity    
Preferred stock, 500,000 shares authorized, $.01 par value; no shares issued
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 - restricted 17,310 17,325
Treasury shares at cost, 509,349 common shares at September 30, 2024 and June 30, 2024, respectively (3,969) (3,969)
Accumulated other comprehensive loss (95) (336)
Total shareholders’ equity 48,223 47,997
Total liabilities and shareholders’ equity $ 375,650 $ 374,968