Premises and Equipment

12 Months Ended

Jun. 30, 2024

Premises and Equipment

Premises and Equipment

Note 5: Premises and Equipment

Premises and equipment at June 30, 2024 and 2023 consisted of the following:

	June 30,
(In Thousands)	2024		2023
Land	$	2,853	$	2,853
Buildings		10,136		10,311
Leasehold improvements		4,065		3,135
Furniture and equipment		5,458		5,226
Automobiles		149		176
Operating lease – right of use assets (1)		1,356		2,147
		24,017		23,848
Less accumulated depreciation and amortization		(14,704)		(14,617)
Total premises and equipment, net	$	9,313	$	9,231

⁽¹⁾ Net of accumulated amortization.

Depreciation and amortization expense for the fiscal years ended June 30, 2024 and 2023 amounted to $1.6 million and $1.4 million, respectively.