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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2025
Jun. 30, 2024
ASSETS    
Cash and due from financial institutions $ 2,579 $ 1,913
Fed funds sold 17,065 703
Interest-bearing demand deposits 8,109 15,671
Cash and cash equivalents 27,753 18,287
Securities available-for-sale- at fair value 8,201 9,648
Securities held-to-maturity, at amortized cost-approximate fair value of $174 and $203 at March 31, 2025 and June 30, 2024, respectively 180 213
Loans held for sale 272 110
Loans, net of allowance for credit losses of $2,161 and $2,127 at March 31, 2025 and June 30, 2024, respectively 330,551 333,025
Real estate acquired through foreclosure 10 10
Office premises and equipment - at depreciated cost 4,242 4,267
Federal Home Loan Bank stock - at cost 3,980 4,230
Accrued interest receivable 1,427 1,169
Bank-owned life insurance 2,979 2,915
Prepaid income taxes 145 219
Prepaid expenses and other assets 997 875
Total assets 380,737 374,968
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Savings 48,986 47,390
Certificates of deposit 198,634 176,572
Demand deposit accounts 29,766 32,177
Deposits 277,386 256,139
Federal Home Loan Bank advances 53,427 68,988
Advances by borrowers for taxes and insurance 548 909
Accrued interest payable 644 176
Deferred income taxes 87 113
Other liabilities 493 646
Total liabilities 332,585 326,971
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 17,330 17,325
Treasury shares at cost, 509,349 common shares at March 31, 2025 and June 30, 2024, respectively (3,969) (3,969)
Accumulated other comprehensive loss (186) (336)
Total shareholders’ equity 48,152 47,997
Total liabilities and shareholders’ equity $ 380,737 $ 374,968