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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2025
Jun. 30, 2024
ASSETS    
Cash and due from financial institutions $ 2,342 $ 1,913
Fed funds sold 8,577 703
Interest-bearing demand deposits 8,561 15,671
Cash and cash equivalents 19,480 18,287
Securities available-for-sale- at fair value 9,757 9,648
Securities held-to-maturity, at amortized cost-approximate fair value of $167 and $203 at June 30, 2025 and 2024, respectively 171 213
Loans held for sale 877 110
Loans, net of allowance for credit losses of $2,170 and $2,127 at June 30, 2025 and 2024, respectively 327,248 333,025
Real estate acquired through foreclosure 10
Office premises and equipment - at depreciated cost 4,211 4,267
Federal Home Loan Bank stock - at cost 3,980 4,230
Accrued interest receivable 1,438 1,169
Bank-owned life insurance 3,001 2,915
Goodwill
Prepaid income taxes 219
Prepaid expenses and other assets 1,048 875
Total assets 371,211 374,968
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Savings 48,616 47,390
Certificates of deposit 199,575 176,572
Demand deposit accounts 29,372 32,177
Deposits 277,563 256,139
Federal Home Loan Bank advances 42,760 68,988
Advances by borrowers for taxes and insurance 869 909
Accrued interest payable 949 176
Accrued income taxes 63
Deferred income taxes 30 113
Other liabilities 608 646
Total liabilities 322,842 326,971
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 17,506 17,325
Treasury shares at cost, 509,349 common shares at June 30, 2025 and 2024, respectively (3,969) (3,969)
Accumulated other comprehensive loss (145) (336)
Total shareholders’ equity 48,369 47,997
Total liabilities and shareholders’ equity $ 371,211 $ 374,968