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Summary of Significant Accounting Policies (Tables) | 12 Months Ended
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Jun. 30, 2025
Summary of Significant Accounting Policies [Abstract] |
Schedule of Contributed to ESOP | The amounts contributed to the ESOP were $0 for both years 2025 and 2024 and no future expense for contributions is expected.
|  | For the fiscal year ended |
|  | June 30, |
|  | 2025 |  |  | 2024 |
Allocated shares |  |  | 110,660 |  |  |  | 110,660 |
Shares committed to be released |  |  | - |  |  |  | - |
Unearned shares |  |  | - |  |  |  | - |
Total ESOP shares |  |  | 110,660 |  |  |  | 110,660 |
Fair value of unearned shares at end of period |  | $ | - |  |  | $ | - |
Schedule of Earnings Per Share | The factors used in the basic and diluted earnings per share computations for the fiscal years ended June 30 follow:
|  | For the fiscal year ended |
|  | June 30, |
|  | 2025 |  |  | 2024 |
Net income (loss) allocated to common shareholders, basic and diluted |  | $ | 181,000 |  |  | $ | (1,721,000 | )
EARNINGS PER SHARE |  | $ | 0.02 |  |  | $ | (0.21 | )
Weighted average common shares outstanding, basic and diluted |  |  | 8,098,715 |  |  |  | 8,098,715 |
Schedule of Fair Value Measurements of Assets and Liabilities | The following table presents the fair value measurements of assets and liabilities measured at fair value on a recurring basis at June 30, 2025 and 2024. The securities represented are only those classified as available-for sale.
|  |  |  |  | Fair Value Measurements Using |
|  |  |  |  | Quotes Prices in Active Markets for Identical Assets |  |  | Significant Other Observable Inputs |  |  | Significant Unobservable Inputs |
(in thousands) |  | Fair Value |  |  | (Level 1) |  |  | (Level 2) |  |  | (Level 3) |
2025 |  |  |  |  |  |  |  |  |  |  |  |
Agency mortgage-backed: residential |  | $ | 9,757 |  |  | $ | - |  |  | $ | 9,757 |  |  | $ | - |
2024 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Agency mortgage-backed: residential |  | $ | 9,648 |  |  | $ | - |  |  | $ | 9,648 |  |  | $ | - |
Schedule of Financial Instruments | The Company’s financial instruments at June 30, 2025 and 2024 are as follows:
|  |  |  |  | Fair Value Measurements at |
|  | Carrying |  |  | June 30, 2025 Using |
(in thousands) |  | Value |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
Financial assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 19,480 |  |  | $ | 19,480 |  |  |  |  |  |  |  |  |  |  | $ | 19,480 |
Available-for-sale securities |  |  | 9,757 |  |  |  |  |  |  | $ | 9,757 |  |  |  |  |  |  |  | 9,757 |
Held-to-maturity securities |  |  | 171 |  |  |  |  |  |  |  | 171 |  |  |  |  |  |  |  | 171 |
Loans receivable - net |  |  | 327,248 |  |  |  |  |  |  |  |  |  |  | $ | 319,432 |  |  |  | 319,432 |
Federal Home Loan Bank stock |  |  | 3,980 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | n/a |
Accrued interest receivable |  |  | 1,438 |  |  |  |  |  |  |  | 1,438 |  |  |  |  |  |  |  | 1,438 |
Financial liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deposits |  | $ | 277,563 |  |  | $ | 77,988 |  |  | $ | 199,603 |  |  |  |  |  |  | $ | 277,591 |
Federal Home Loan Bank advances |  |  | 42,760 |  |  |  |  |  |  |  | 42,837 |  |  |  |  |  |  |  | 42,837 |
Advances by borrowers for taxes and insurance |  |  | 869 |  |  |  |  |  |  |  | 869 |  |  |  |  |  |  |  | 869 |
Accrued interest payable |  |  | 949 |  |  |  |  |  |  |  | 949 |  |  |  |  |  |  |  | 949 |
|  |  |  |  | Fair Value Measurements at |
|  | Carrying |  |  | June 30, 2024 Using |
(in thousands) |  | Value |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
Financial assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 18,287 |  |  | $ | 18,287 |  |  |  |  |  |  |  |  |  |  | $ | 18,287 |
Available-for-sale securities |  |  | 9,648 |  |  |  |  |  |  | $ | 9,648 |  |  |  |  |  |  |  | 9,648 |
Held-to-maturity securities |  |  | 213 |  |  |  |  |  |  |  | 203 |  |  |  |  |  |  |  | 203 |
Loans receivable - net |  |  | 333,025 |  |  |  |  |  |  |  |  |  |  | $ | 318,867 |  |  |  | 318,867 |
Federal Home Loan Bank stock |  |  | 4,230 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | n/a |
Accrued interest receivable |  |  | 1,169 |  |  |  |  |  |  |  | 1,169 |  |  |  |  |  |  |  | 1,169 |
Financial liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deposits |  | $ | 256,139 |  |  | $ | 79,567 |  |  | $ | 176,272 |  |  |  |  |  |  | $ | 255,839 |
Federal Home Loan Bank advances |  |  | 68,988 |  |  |  |  |  |  |  | 68,122 |  |  |  |  |  |  |  | 68,122 |
Advances by borrowers for taxes and insurance |  |  | 909 |  |  |  |  |  |  |  | 909 |  |  |  |  |  |  |  | 909 |
Accrued interest payable |  |  | 176 |  |  |  |  |  |  |  | 176 |  |  |  |  |  |  |  | 176 |
Schedule of Loans Outstanding | 18. Related Party Transactions: Loans outstanding to executive officers, directors, significant shareholders and their affiliates (related parties) at June 30, 2025 and 2024 are summarized as follows:
(in thousands) |  | 2025 |  |  | 2024 |
Outstanding principal, beginning of year |  | $ | 979 |  |  | $ | 480 |
Changes in composition of related parties |  |  | - |  |  |  | 338 |
Principal disbursed during the year |  |  | 327 |  |  |  | 194 |
Principal repaid and refinanced during the year |  |  | (244 | ) |  |  | (33 | )
Outstanding principal, end of year |  | $ | 1,062 |  |  | $ | 979 |

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