Note 3 - Loans and Allowance for Credit Losses (Tables)

9 Months Ended

Mar. 31, 2024

Notes Tables

Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]

	March 31, 2024			June 30, 2023
Commercial & Industrial	$	115,402		$	112,558
Commercial real estate:
Owner occupied		159,732			151,005
Non-owner occupied		151,555			140,002
Farmland		39,150			40,606
Land Development		12,138			11,004
1 – 4 family residential real estate		191,884			189,312
Consumer		72,600			65,617
Subtotal		742,461			710,104
Unamortized deferred loan costs, net		123			258
Allowance for credit losses		(7,911	)		(7,724	)
Net Loans	$	734,673		$	702,638

Financing Receivable, Allowance for Credit Loss [Table Text Block]

											1-4 Family
	Commercial		Commercial								Residential
	&		Real					Land			Real
	Industrial		Estate			Farmland		Development			Estate		Consumer			Total
ACL beginning balance	$	955	$	4,131		$	89	$	246		$	1,696	$	870		$	7,987
Provision for expected credit losses		122		(381	)		1		(78	)		276		75			15
Charge-offs		—		—			—		—			—		(138	)		(138	)
Recoveries		—		—			—		—			1		46			47
ACL ending balance	$	1,077	$	3,750		$	90	$	168		$	1,973	$	853		$	7,911

													1-4 Family
	Commercial			Commercial									Residential
	&			Real						Land			Real
	Industrial			Estate			Farmland			Development			Estate		Consumer			Total
ACL beginning balance	$	1,308		$	3,943		$	—		$	—		$	1,571	$	902		$	7,724
Cumulative effect of change in accounting principle		(455	)		(53	)		93			398			166		(97	)		52
Provision for expected credit losses		224			(140	)		(3	)		(230	)		233		296			380
Charge-offs		—			—			—			—			—		(381	)		(381	)
Recoveries		—			—			—			—			3		133			136
ACL ending balance	$	1,077		$	3,750		$	90		$	168		$	1,973	$	853		$	7,911

						1-4 Family
			Commercial			Residential
			Real			Real
	Commercial		Estate			Estate		Consumer			Total
Allowance for loan losses:
Beginning balance	$	1,006	$	4,084		$	1,677	$	908		$	7,675
Provision for loan losses		132		(103	)		70		61			160
Loans charged-off		—		—			—		(56	)		(56	)
Recoveries		—		—			—		44			44
Total ending allowance balance	$	1,138	$	3,981		$	1,747	$	957		$	7,823

					1-4 Family
			Commercial		Residential
			Real		Real
	Commercial		Estate		Estate			Consumer			Total
Allowance for loan losses:
Beginning balance	$	960	$	3,927	$	1,645		$	628		$	7,160
Provision for loan losses		178		53		106			458			795
Loans charged-off		—		—		(6	)		(247	)		(253	)
Recoveries		—		1		2			118			121
Total ending allowance balance	$	1,138	$	3,981	$	1,747		$	957		$	7,823

					1-4 Family
	Commercial		Commercial		Residential
	&		Real		Real
	Industrial		Estate		Estate		Consumer		Total
Allowance for loan losses:
Ending allowance balance attributable to loans:
Individually evaluated for impairment	$	—	$	—	$	—	$	—	$	—
Acquired loans collectively evaluated for impairment		—		40		74		—		114
Originated loans collectively evaluated for impairment		1,308		3,903		1,497		902		7,610
Total ending allowance balance	$	1,308	$	3,943	$	1,571	$	902	$	7,724
Recorded investment in loans:
Loans individually evaluated for impairment	$	314	$	88	$	3	$	—	$	405
Acquired loans collectively evaluated for impairment		622		6,953		23,038		1,230		31,843
Originated loans collectively evaluated for impairment		111,890		335,660		167,798		64,364		679,712
Total ending loans balance	$	112,826	$	342,701	$	190,839	$	65,594	$	711,960

Financing Receivable, Nonaccrual [Table Text Block]

	March 31, 2024
					Interest Income
	Non-accrual		Total		Recognized during
	loans with		Non-accrual		the period on
	no ACL		loans		non-accrual loans
Commercial & Industrial	$	332	$	332	$	—
Commercial real estate:
Owner occupied		429		429		—
1 – 4 family residential real estate		264		264		—
Total	$	1,025	$	1,025	$	—

	June 30, 2023 Non-accrual
Commercial Real Estate:
Other	$	51
1 – 4 family residential:
Non-owner occupied		3
Total	$	54

Financing Receivable, Past Due [Table Text Block]

													Loans 90
	Days Past Due												Days Past
	30 – 59		60 - 89		90 Days or		Total		Loans Not				Due and
	Days		Days		Greater		Past Due		Past Due		Total		Accruing
Commercial & Industrial	$	6	$	54	$	332	$	392	$	115,054	$	115,446	$	—
Commercial real estate:
Owner occupied		—		—		429		429		159,032		159,461		—
Non-owner occupied		—		—		—		—		151,230		151,230		—
Farmland		—		—		—		—		39,050		39,050		—
Land development		—		—		—		—		12,095		12,095		—
1 – 4 family residential real estate		793		22		73		888		192,055		192,943		—
Consumer		584		168		66		818		71,541		72,359		66
Total	$	1,383	$	244	$	900	$	2,527	$	740,057	$	742,584	$	66

													Loans 90
	Days Past Due												Days Past
	30 – 59		60 - 89		90 Days or		Total		Loans Not				Due and
	Days		Days		Greater		Past Due		Past Due		Total		Accruing
Commercial & Industrial	$	—	$	—	$	—	$	—	$	112,826	$	112,826	$	—
Commercial real estate:
Construction		—		—		—		—		23,996		23,996		—
Other		—		—		51		51		318,654		318,705		—
1-4 family residential:
Owner occupied		17		124		—		141		158,296		158,437		—
Non-owner occupied		—		—		3		3		23,885		23,888		—
Construction		—		—		—		—		8,514		8,514		—
Consumer		438		120		50		608		64,986		65,594		50
Total	$	455	$	244	$	104	$	803	$	711,157	$	711,960	$	50

Financing Receivable Credit Quality Indicators [Table Text Block]

													Revolving		Revolving
													Loans		Loans
	Term Loans by Origination Year												Amortized		Converted
	2024		2023		2022		2021		2020		Prior		Cost Basis		To Term		Total
Commercial & Industrial
Pass	$	27,006	$	25,565	$	30,303	$	7,883	$	3,805	$	4,550	$	14,280	$	—	$	113,392
Special Mention		—		—		365		69		12		43		1,182		—		1,671
Substandard		—		—		—		—		—		—		—		300		300
Doubtful		—		—		—		—		—		—		83		—		83
Total Commercial & Industrial	$	27,006	$	25,565	$	30,668	$	7,952	$	3,817	$	4,593	$	15,545	$	300	$	115,446
Current year-to-date gross write-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Commercial real estate:
Owner occupied:
Pass	$	14,605	$	20,372	$	34,929	$	22,648	$	15,268	$	41,645	$	7,005	$	—	$	156,472
Special Mention		—		—		—		—		332		2,156		152		—		2,640
Substandard		—		—		—		—		—		260		—		—		260
Doubtful		—		—		—		38		—		51		—		—		89
Total owner occupied	$	14,605	$	20,372	$	34,929	$	22,686	$	15,600	$	44,112	$	7,157	$	—	$	159,461
Current year-to-date gross write-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Non-owner occupied:
Pass	$	14,101	$	38,508	$	22,535	$	25,135	$	11,717	$	35,148	$	685	$	—	$	147,829
Special Mention		—		—		—		3,401		—		—		—		—		3,401
Substandard		—		—		—		—		—		—		—		—		—
Doubtful		—		—		—		—		—		—		—		—		—
Total non-owner occupied	$	14,101	$	38,508	$	22,535	$	28,536	$	11,717	$	35,148	$	685	$	—	$	151,230
Current year-to-date gross write-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Farmland:
Pass	$	1,349	$	5,876	$	5,910	$	5,356	$	2,321	$	16,469	$	977	$	—	$	38,258
Special Mention		—		—		—		—		—		792		—		—		792
Substandard		—		—		—		—		—		—		—		—		—
Doubtful		—		—		—		—		—		—		—		—		—
Total Farmland	$	1,349	$	5,876	$	5,910	$	5,356	$	2,321	$	17,261	$	977	$	—	$	39,050
Current year-to-date gross write-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Land Development:
Pass	$	3,384	$	2,015	$	358	$	520	$	294	$	526	$	4,998	$	—	$	12,095
Special Mention		—		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		—		—		—
Doubtful		—		—		—		—		—		—		—		—		—
Total Land Development	$	3,384	$	2,015	$	358	$	520	$	294	$	526	$	4,998	$	—	$	12,095
Current year-to-date gross write-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Total:
Pass	$	60,445	$	92,336	$	94,035	$	61,542	$	33,405	$	98,338	$	27,945	$	—	$	468,046
Special Mention		—		—		365		3,470		344		2,991		1,334		—		8,504
Substandard		—		—		—		—		—		260		—		300		560
Doubtful		—		—		—		38		—		51		83		—		172
Total	$	60,445	$	92,336	$	94,400	$	65,050	$	33,749	$	101,640	$	29,362	$	300	$	477,282

													Revolving		Revolving
													Loans		Loans
	Term Loans by Origination Year												Amortized		Converted
	2024		2023		2022		2021		2020		Prior		Cost Basis		To Term		Total
1 – 4 family residential real estate:
Performing	$	13,403	$	22,831	$	30,691	$	51,646	$	19,600	$	29,952	$	24,556	$	—	$	192,679
Nonperforming		—		—		192		—		—		72		—		—		264
Total 1-4 family residential real estate	$	13,403	$	22,831	$	30,883	$	51,646	$	19,600	$	30,024	$	24,556	$	—	$	192,943
Current year-to-date gross write-offs	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Consumer:
Performing	$	24,104	$	27,871	$	14,053	$	4,951	$	766	$	355	$	193	$	—	$	72,293
Nonperforming		—		4		62		—		—		—		—		—		66
Total consumer	$	24,104	$	27,875	$	14,115	$	4,951	$	766	$	355	$	193	$	—	$	72,359
Current year-to-date gross write-offs	$	31	$	115	$	144	$	54	$	36	$	1	$	—	$	—	$	381
Total:
Performing	$	37,507	$	50,702	$	44,744	$	56,597	$	20,366	$	30,307	$	24,749	$	—	$	264,972
Nonperforming		—		4		254		—		—		72		—		—		330
Total	$	37,507	$	50,706	$	44,998	$	56,597	$	20,366	$	30,379	$	24,749	$	—	$	265,302

			Special						Not
	Pass		Mention		Substandard		Doubtful		Rated
Commercial & Industrial	$	110,928	$	1,174	$	573	$	—	$	151
Commercial real estate:
Construction		23,996		—		—		—		—
Other		310,427		7,097		468		51		662
1-4 Family residential real estate:
Owner occupied		2,013		—		17		—		156,407
Non-owner occupied		23,474		50		105		3		256
Construction		3,227		—		—		—		5,287
Consumer		597		—		—		—		64,997
Total	$	474,662	$	8,321	$	1,163	$	54	$	227,760

Impairment of Recorded Investments and Interest Income [Table Text Block]

	As of June 30, 2023						Nine Months ended March 31, 2023
	Unpaid				Allowance for Loan		Average		Interest		Cash Basis
	Principal		Recorded		Losses		Recorded		Income		Interest
	Balance		Investment		Allocated		Investment		Recognized		Recognized
With no related allowance recorded:
Commercial & Industrial	$	404	$	314	$	—	$	303	$	27	$	27
Commercial real estate:
Other		127		88		—		40		5		5
1-4 Family residential real estate:
Owner occupied		24		—		—		20		2		2
Non-owner occupied		3		3		—		42		—		—
Total	$	558	$	405	$	—	$	405	$	34	$	34

Average Recorded Investment and Interest Income Associated with Loans [Table Text Block]

	Average		Interest		Cash Basis
	Recorded		Income		Interest
	Investment		Recognized		Recognized
With no related allowance recorded:
Commercial	$	315	$	9	$	9
Commercial real estate:
Other		39		1		1
1-4 Family residential real estate:
Owner occupied		18		—		—
Non-owner occupied		27		—		—
Total	$	399	$	10	$	10