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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2022
Jun. 30, 2021
ASSETS    
Cash on hand and noninterest-bearing deposits in financial institutions $ 13,524 $ 8,902
Federal funds sold and interest-bearing deposits in financial institutions 37,804 9,627
Total cash and cash equivalents 51,328 18,529
Certificates of deposit in other financial institutions 4,041 5,825
Securities, available-for-sale 288,375 207,760
Securities, held-to-maturity (fair value of $6,877 at March 31, 2022 and $8,352 at June 30, 2021) 7,020 7,996
Equity securities, at fair value 428 424
Federal bank and other restricted stocks, at cost 2,525 2,472
Loans held for sale 429 1,457
Total loans 603,595 566,427
Less allowance for loan losses (6,997) (6,471)
Net loans 596,598 559,956
Cash surrender value of life insurance 9,895 9,702
Premises and equipment, net 16,491 15,793
Goodwill 2,452 836
Core deposit intangible, net 484 229
Accrued interest receivable and other assets 7,483 2,825
Total assets 987,549 833,804
LIABILITIES    
Noninterest-bearing demand 255,528 229,102
Interest bearing demand 153,432 127,447
Savings 375,104 282,761
Time 106,570 87,539
Total deposits 890,634 726,849
Short-term borrowings 11,834 12,203
Federal Home Loan Bank advances 16,271 18,050
Accrued interest and other liabilities 6,844 6,802
Total liabilities 925,583 763,904
Commitments and contingent liabilities
SHAREHOLDERS’ EQUITY    
Preferred stock (no par value, 350,000 shares authorized, none outstanding) 0 0
Common stock (no par value, 8,500,000 shares authorized; 3,129,134 and 3,124,053 shares issued as of March 31, 2022 and June 30, 2021, respectively) 20,229 20,011
Retained earnings 54,615 47,663
Treasury stock, at cost (75,382 and 95,953 common shares as of March 31, 2022 and June 30, 2021, respectively) (1,117) (1,324)
Accumulated other comprehensive income (loss) (11,761) 3,550
Total shareholders’ equity 61,966 69,900
Total liabilities and shareholders’ equity $ 987,549 $ 833,804