Concentrations of Credit Risk

12 Months Ended

Jun. 30, 2022

Concentrations of Credit Risk [Abstract]

Concentrations of Credit Risk

Note 15. Concentrations of Credit Risk

The Company grants residential, consumer and commercial loans to customers primarily located in the mid-Hudson valley region of New York, including Greene County.  Over the last several years the Company has emphasized expansion into new markets in southern Albany, Columbia and Ulster counties. Although the Company has a diversified loan portfolio, a substantial portion of its debtors’ ability to honor their contracts is dependent upon employment and other economic factors throughout Greene and its contiguous counties.