Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2020	Jun. 30, 2019
ASSETS:
Cash on hand and noninterest-bearing deposits in financial institutions	$ 8,429	$ 9,322
Federal funds sold and interest-bearing deposits in financial institutions	1,230	139
Total cash and cash equivalents	9,659	9,461
Certificate of deposits in financial institutions	11,635	1,983
Securities, available-for-sale	143,918	144,010
Securities, held-to-maturity (fair value 2020 $3,868 and 2019 $3,821)	3,541	3,786
Federal bank and other restricted stocks, at cost	2,472	1,723
Loans held for sale	3,507	1,657
Total loans	542,861	369,175
Less allowance for loan losses	(5,678)	(3,788)
Net loans	537,183	365,387
Cash surrender value of life insurance	9,442	9,606
Premises and equipment, net	14,901	14,155
Goodwill	836	0
Core deposit intangible, net	256
Accrued interest receivable and other assets	3,470	2,168
Total assets	740,820	553,936
LIABILITIES:
Noninterest-bearing demand	190,233	116,239
Interest bearing demand	99,173	81,469
Savings	228,567	162,261
Time	115,382	112,205
Total deposits	633,355	472,174
Short-term borrowings	6,943	3,686
Federal Home Loan Bank advances	31,161	22,700
Accrued interest payable and other liabilities	6,121	4,210
Total liabilities	677,580	502,770
Commitments and contingent liabilities (Note 14)
SHAREHOLDERS’ EQUITY:
Preferred stock, no par value; 350,000 shares authorized	0	0
Common shares, no par value; 8,500,000 shares authorized; 3,124,053 shares issued as of June 30, 2020 and 2,854,133 shares issued as of June 30, 2019	19,974	14,656
Retained earnings	40,460	36,487
Treasury stock, at cost (108,475 and 120,288 common shares at June 30, 2020 and 2019, respectively)	(1,454)	(1,543)
Accumulated other comprehensive income	4,260	1,566
Total shareholders’ equity	63,240	51,166
Total liabilities and shareholders’ equity	$ 740,820	$ 553,936