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Consolidated Balance Sheets - USD ($)
Jun. 30, 2017
Jun. 30, 2016
Assets    
Cash and due from financial institutions $ 4,881,007 $ 2,567,296
Interest-earning deposits   12,380,000
Total cash and due from financial institutions and interest-earning deposits 4,881,007 14,947,296
Securities available-for-sale 1,410,955 664,755
Securities held-to-maturity 735,978 781,740
Federal Home Loan Bank stock, at cost 453,400 229,900
Loans, net of allowance for loan losses of $3,555,000 and $2,947,000, respectively 236,545,125 198,309,920
Premises and equipment, net 5,424,855 5,274,461
Foreclosed assets, net 223,200 461,847
Accrued interest receivable 1,297,908 1,147,467
Deferred taxes, net 862,009 1,416,093
Other assets 2,008,051 1,853,698
Total assets 253,842,488 225,087,177
Liabilities:    
Noninterest-bearing deposits 29,546,051 24,296,166
Interest-bearing deposits 179,512,265 162,666,186
Total deposits 209,058,316 186,962,352
Federal funds purchased 399,000  
Federal Home Loan Bank borrowings 6,745,400  
Advance payments from borrowers for taxes and insurance 432,960 387,166
Accrued interest payable and other liabilities 820,229 1,198,850
Total liabilities 217,455,905 188,548,368
Common stock in ESOP subject to contingent repurchase obligation 815,280 564,723
Stockholders’ equity:    
Common stock, $0.01 par value, 25,000,000 shares authorized 3,372,532 and 3,477,157 issued and outstanding at June 30, 2017 and June 30, 2016, respectively 33,725 34,771
Additional paid-in capital 25,794,124 26,844,426
Retained earnings 12,474,958 11,239,913
Unearned ESOP Shares (1,107,692) (1,246,045)
Shares reserved for stock compensation (797,950) (338,332)
Accumulated other comprehensive gain/(loss), net of tax (10,582) 4,076
Reclassification of ESOP shares (815,280) (564,723)
Total stockholders' equity 35,571,303 35,974,086
Total liabilities and stockholders' equity $ 253,842,488 $ 225,087,177