Income Taxes (Tables)

12 Months Ended

Jun. 30, 2025

Income Taxes [Abstract]

Income Tax Expense

Income tax expense for the years ended June 30, 2025 and 2024 is summarized as follows:

	2025			2024
	(In Thousands)
Current	$	929		$	354
Deferred		(163	)		122
Total	$	766		$	476

Reconciliations of Income Tax Expense at Statutory Rate to Company's Effective Rates

Reconciliations of income tax expense at the statutory rate to the Company’s effective rates are as follows:

	2025			2024
	(In Thousands)
Computed at Expected Statutory Rate	$	977		$	854
Non-Taxable Income		(44	)		(43	)
Equity Compensation		-			6
Other		(167	)		(341	)
Provision for Income Tax Expense	$	766		$	476

Net Deferred Income Tax Asset and Liability

The net deferred income tax asset and liability consisted of the following components at June 30, 2025 and 2024:

	2025		2024
	(In Thousands)
Deferred Tax Assets
Stock Option and SERP Compensation		345		343
Market Value Adjustment to Available-for-Sale Securities		514		695
Loans Receivable – Bad Debt Loss Allowance		942		961
Lease Liability		180		181
Total Deferred Tax Assets	$	1,981	$	2,180
Deferred Tax Liabilities
Tax over Book Accumulated Depreciation		516		464
Purchase Accounting		103		107
ROU Asset		168		171
Other Liability		31		257
Total Deferred Tax Liabilities		818		999
Net Deferred Tax Asset	$	1,163	$	1,181