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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 30, 2019
Jun. 30, 2019
ASSETS    
Cash and due from banks $ 4,539,509 $ 4,617,976
Federal funds sold 257,887 1,012,794
Cash and cash equivalents 4,797,396 5,630,770
Interest bearing deposits in banks 3,631,792 3,674,015
Available for sale securities - stated at fair value 21,795,702 20,542,118
Loans, less allowance for loan losses of $1,286,674 and $1,293,965 at September 30, 2019 and June 30, 2019, respectively 251,127,891 259,873,403
Loans held for sale 20,218,057 7,079,548
Other real estate owned, net 3,606,824 4,080,401
Premises and equipment, net 8,053,722 8,165,274
Federal Home Loan Bank stock 1,390,500 2,061,000
Accrued interest receivable and other assets 2,300,416 1,141,686
TOTAL ASSETS 316,922,300 312,248,215
Deposits    
Demand 77,180,096 77,414,345
Savings and NOW 72,325,556 70,385,843
Certificates of deposit 97,217,074 86,761,271
Total Deposits 246,722,726 234,561,459
Federal Home Loan Bank borrowings 28,600,000 44,200,000
Advance payments by borrowers for property taxes and insurance 4,581,102 3,197,095
Accrued interest payable and other liabilities 11,925,091 5,882,086
Total Liabilities 291,828,919 287,840,640
STOCKHOLDERS' EQUITY    
Common stock ($0.01 par value, 20,000,000 authorized, 2,624,343 issued and outstanding as of September 30, 2019 and June 30, 2019) 26,243 26,243
Additional paid in capital 11,319,328 11,319,328
Retained earnings 16,478,265 15,910,369
Accumulated other comprehensive loss (2,730,455) (2,848,365)
Total Stockholders' Equity 25,093,381 24,407,575
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 316,922,300 $ 312,248,215