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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Interest and dividend income    
Loans, including fees $ 9,697 $ 7,130
Securities, taxable 1,449 1,248
Securities, tax-exempt 469 585
Equity securities 8 8
Federal bank and other restricted stocks 41 23
Federal funds sold and other interest-bearing deposits 71 80
Total interest and dividend income 11,735 9,074
Interest expense    
Deposits 3,417 597
Short-term borrowings 126 59
Federal Home Loan Bank advances 38 22
Total interest expense 3,581 678
Net interest income 8,154 8,396
Provision for credit losses on loans 40 410
Provision for credit losses on unfunded commitments 79 0
Net interest income after provision for credit losses 8,035 7,986
Noninterest income    
Mortgage banking activity 98 82
Bank owned life insurance income 68 65
Securities losses, net (79) (11)
Net change in market value of equity securities 0 (24)
Other 92 81
Total noninterest income 1,157 1,131
Noninterest expenses    
Salaries and employee benefits 3,498 3,439
Occupancy and equipment 784 788
Data processing expenses 196 192
Debit card processing expenses 312 274
Professional and director fees 236 235
FDIC assessments 189 152
Franchise taxes 96 141
Marketing and advertising 228 204
Telephone and network communications 88 87
Amortization of intangible 14 14
Other 624 552
Total noninterest expenses 6,265 6,078
Income before income taxes 2,927 3,039
Income tax expense 517 504
Net income $ 2,410 $ 2,535
Basic and diluted earnings per share (in dollars per share) $ 0.78 $ 0.83
Deposit Account [Member]    
Noninterest income    
Noninterest income (in scope of Topic 606) $ 426 $ 397
Debit Card [Member]    
Noninterest income    
Noninterest income (in scope of Topic 606) $ 552 $ 541