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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2018
Jun. 30, 2017
ASSETS    
Cash on hand and noninterest-bearing deposits in financial institutions $ 8,727 $ 9,439
Federal funds sold and interest-bearing deposits in financial institutions 9,106 473
Total cash and cash equivalents 17,833 9,912
Certificates of deposit in other financial institutions 2,973 3,921
Securities, available-for-sale 136,133 142,086
Securities, held-to-maturity (fair value of $4,103 at March 31, 2018 and $4,329 at June 30, 2017) 4,061 4,259
Federal bank and other restricted stocks, at cost 1,459 1,425
Loans held for sale 558 1,252
Total loans 303,441 272,867
Less allowance for loan losses (3,323) (3,086)
Net loans 300,118 269,781
Cash surrender value of life insurance 9,267 9,065
Premises and equipment, net 13,039 13,398
Other real estate owned 71
Accrued interest receivable and other assets 3,069 2,713
Total assets 488,510 457,883
LIABILITIES    
Non-interest bearing demand 107,535 102,683
Interest bearing demand 59,092 54,123
Savings 158,895 151,154
Time 78,534 66,511
Total deposits 404,056 374,471
Short-term borrowings 25,829 23,986
Federal Home Loan Bank advances 11,772 12,320
Accrued interest and other liabilities 3,546 3,571
Total liabilities 445,203 414,348
Commitments and contingent liabilities
SHAREHOLDERS’ EQUITY    
Preferred stock (no par value, 350,000 shares authorized, none outstanding) 0 0
Common stock (no par value, 3,500,000 shares authorized; 2,854,133 shares issued as of March 31, 2018 and June 30, 2017) 14,630 14,630
Retained earnings 31,601 30,122
Treasury stock, at cost (124,489 and 130,606 common shares as of March 31, 2018 and June 30, 2017, respectively) (1,576) (1,662)
Accumulated other comprehensive income (loss) (1,348) 445
Total shareholders’ equity 43,307 43,535
Total liabilities and shareholders’ equity $ 488,510 $ 457,883