Note 10 - Income Taxes (Tables)

12 Months Ended

Jun. 30, 2019

Notes Tables

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

	201 9		201 8
Current income taxes	$	840	$	687
Deferred income tax expense		173		114
Change in corporate tax rate		—		348
Total income tax expense	$	1,013	$	1,149

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

	201 9			201 8
Deferred tax assets:
Allowance for loan losses	$	701		$	632
Deferred compensation		616			514
Recognized loss on impairment of security		—			164
Deferred income		55			68
Non-accrual loan interest income		50			42
Other		7			—
Net unrealized securities loss		—			435
Gross deferred tax asset		1,429			1,855
Deferred tax liabilities:
Depreciation		(645	)		(489	)
Loan fees		(278	)		(238	)
FHLB stock dividends		(102	)		(102	)
Prepaid expenses		(42	)		(56	)
Net unrealized securities gain		(416	)		—
Gross deferred tax liabilities		(1,483	)		(885	)
Net deferred asset (liability)	$	(54	)	$	970

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

	201 9			201 8
Income taxes computed at the statutory rate on pretax income	$	1,382		$	1,303
Tax exempt income		(319	)		(408	)
Cash surrender value income		(57	)		(75	)
Tax credit		(28	)		(27	)
Change in corporate tax rate		—			348
Other non-deductible expenses		35			8
Total income tax expense	$	1,013		$	1,149