XML 13 R2.htm IDEA: XBRL DOCUMENT v3.25.0.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2024
Jun. 30, 2024
ASSETS    
Cash and due from financial institutions $ 4,744 $ 1,913
Fed funds sold 6,928 703
Interest-bearing demand deposits 9,304 15,671
Cash and cash equivalents 20,976 18,287
Securities available-for-sale- at fair value 8,628 9,648
Securities held-to-maturity, at amortized cost-approximate fair value of $180 and $203 at December 31, 2024 and June 30, 2024, respectively 190 213
Loans held for sale 116 110
Loans, net of allowance for credit losses of $2,141 and $2,127 at December 31, 2024 and June 30, 2024, respectively 330,234 333,025
Real estate acquired through foreclosure 10 10
Office premises and equipment - at depreciated cost 4,247 4,267
Federal Home Loan Bank stock - at cost 4,439 4,230
Accrued interest receivable 1,264 1,169
Bank-owned life insurance 2,958 2,915
Prepaid income taxes 204 219
Prepaid expenses and other assets 942 875
Total assets 374,208 374,968
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Savings 49,004 47,390
Certificates of deposit 186,920 176,572
Demand deposit accounts 27,131 32,177
Deposits 263,055 256,139
Federal Home Loan Bank advances 61,792 68,988
Advances by borrowers for taxes and insurance 206 909
Accrued interest payable 478 176
Deferred income taxes 108 113
Other liabilities 514 646
Total liabilities 326,153 326,971
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 17,323 17,325
Treasury shares at cost, 509,349 common shares at December 31, 2024 and June 30, 2024, respectively (3,969) (3,969)
Accumulated other comprehensive loss (276) (336)
Total shareholders’ equity 48,055 47,997
Total liabilities and shareholders’ equity $ 374,208 $ 374,968