Note 14 - Commitments With Off-balance Sheet Risk	12 Months Ended
Jun. 30, 2020
Notes to Financial Statements
Commitments with Off-Balance Sheet Risk Disclosure [Text Block]	NOTE 1 4 —COMMITMENTS WITH OFF-BALANCE SHEET RISK The Bank is a party to commitments to extend credit in the normal course of business to meet the financing needs of its customers. Commitments are agreements to lend to customers providing that there are no violations of any condition established in the contract. Commitments to extend credit have a fixed expiration date or other termination clause. These instruments involve elements of credit and interest rate risk more than the amount recognized in the statements of financial position. The Bank uses the same credit policies in making commitments to extend credit as it does for on-balance sheet instruments. The Bank evaluates each customer's credit on a case-by-case basis. The amount of collateral obtained is based on management's credit evaluation of the customer. The amount of commitments to extend credit and the exposure to credit loss for non-performance by the customer (before considering collateral) was $98,923 and $83,702 as of June 30, 2020 and 2019, respectively. Of the June 30, 2020 commitments, $75,614 carried variable rates and $23,309 carried fixed rates of interest ranging from 3.25% to 6.75% with maturity dates from September 2020 to August 2051. Of the June 30, 2019 commitments, $67,722 carried variable rates and $15,980 carried fixed rates of interest ranging from 3.50% to 6.75% with maturity dates from July 2019 to June 2050. Financial standby letters of credit were $2,103 and $2,563 as of June 30, 2020 and 2019, respectively. In addition, commitments to extend credit of $10,323 and $8,840 as of June 30, 2020 and 2019, respectively, were available to checking account customers related to the overdraft protection program. Since some loan commitments expire without being used, the amount does not necessarily represent future cash commitments.

NOTE

—COMMITMENTS WITH OFF-BALANCE SHEET RISK

The Bank is a party to commitments to extend credit in the normal course of business to meet the financing needs of its customers. Commitments are agreements to lend to customers providing that there are

violations of any condition established in the contract. Commitments to extend credit have a fixed expiration date or other termination clause. These instruments involve elements of credit and interest rate risk more than the amount recognized in the statements of financial position. The Bank uses the same credit policies in making commitments to extend credit as it does for on-balance sheet instruments.

The Bank evaluates each customer's credit on a case-by-case basis. The amount of collateral obtained is based on management's credit evaluation of the customer. The amount of commitments to extend credit and the exposure to credit loss for non-performance by the customer (before considering collateral) was

$98,923

and

$83,702

as of

June 30, 2020

and

2019,

respectively. Of the

June

30,

2020

commitments,

$75,614

carried variable rates and

$23,309

carried fixed rates of interest ranging from

3.25%

6.75%

with maturity dates from

September 2020

August 2051.

Of the

June 30, 2019

commitments,

$67,722

carried variable rates and

$15,980

carried fixed rates of interest ranging from

3.50%

6.75%

with maturity dates from

July 2019

June 2050.

Financial standby letters of credit were

$2,103

and

$2,563

as of

June 30, 2020

and

2019,

respectively. In addition, commitments to extend credit of

$10,323

and

$8,840

as of

June 30, 2020

and

2019,

respectively, were available to checking account customers related to the overdraft protection program. Since some loan commitments expire without being used, the amount does

not

necessarily represent future cash commitments.