Loans (Tables)

12 Months Ended

Jun. 30, 2019


	June 30, 2019		June 30, 2018
Construction, Land, Development	$	4,318,845	$	4,845,372
1-4 family owner occupied		124,845,322		122,598,962
1-4 family non-owner occupied		20,968,812		23,836,875
Multifamily		73,246,392		71,100,731
Commercial owner occupied		8,508,011		7,351,591
Commercial non-owner occupied		19,502,545		24,211,269
Consumer & Installment		9,777,441		11,378,159

Total Loans		261,167,368		265,322,959
Less:
Allowance for loan losses		(1,293,965)		(1,324,159)

Loans, net	$	259,873,403	$	263,998,800

Schedule of non-performing loans


	Non-Performing Loans
	June 30, 2019		June 30, 2018
Nonaccrual Loans	$	1,524,868	$	1,444,404
Total non-performing loans	$	1,524,868	$	1,444,404

Restructured loans, accruing	$	—	$	—
Total Impaired Loans	$	1,524,868	$	1,444,404

Schedule of impaired loans


	June 30, 2019
	Construction,		1-4 Family		1-4 Family				Commercial		Commercial
	Land,		Owner		Non-Owner				Owner		Non-Owner		Consumer &
	Development		Occupied		Occupied		Multifamily		Occupied		Occupied		Installment		Total
With related allowance recorded
Recorded investment	$	—	$	70,608	$	—	$	—	$	193,601	$	—	$	113,856	$	378,065
Unpaid principal balance		—		70,608		—		—		193,601		—		113,856		378,065
Related allowance		—		5,772		—		—		44,564		—		52,979		103,315

With no related allowance recorded
Recorded investment	$	—	$	1,132,648	$	—	$	—	$	—	$	—	$	14,155	$	1,146,803
Unpaid principal balance		—		1,132,648		—		—		—		—		14,155		1,146,803
Related allowance		—		—		—		—		—		—		—		—

Total
Recorded investment	$	—	$	1,203,256	$	—	$	—	$	193,601	$	—	$	128,011	$	1,524,868
Unpaid principal balance		—		1,203,256		—		—		193,601		—		128,011		1,524,868
Related allowance		—		5,772		—		—		44,564		—		52,979		103,315

Average recorded balance	$	19,198	$	865,338	$	21,509	$	—	$	196,182	$	—	$	133,467	$	1,235,694

Interest income recognized while impaired	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Interest income recognized on a cash basis while impaired		353		19,352		288		—		7,917		—		2,894		30,804
Total interest on impaired loans	$	353	$	19,352	$	288	$	—	$	7,917	$	—	$	2,894	$	30,804


	June 30, 2018
	Construction,		1-4 Family		1-4 Family				Commercial		Commercial
	Land,		Owner		Non-Owner				Owner		Non-Owner		Consumer &
	Development		Occupied		Occupied		Multifamily		Occupied		Occupied		Installment		Total
With related allowance recorded
Recorded investment	$	—	$	—	$	95,214	$	—	$	198,829	$	—	$	62,687	$	356,730
Unpaid principal balance		—		—		95,214		—		198,829		—		62,687		356,730
Related allowance		—		—		35,678		—		117,600		—		62,687		215,965

With no related allowance recorded
Recorded investment	$	87,371	$	924,135	$	—	$	—	$	—	$	—	$	76,168	$	1,087,674
Unpaid principal balance		87,371		924,135		—		—		—		—		76,168		1,087,674
Related allowance		—		—		—		—		—		—		—		—

Total
Recorded investment	$	87,371	$	924,135	$	95,214	$	—	$	198,829	$	—	$	138,855	$	1,444,404
Unpaid principal balance		87,371		924,135		95,214		—		198,829		—		138,855		1,444,404
Related allowance		—		—		35,678		—		117,600		—		62,687		215,965

Average recorded balance	$	43,686	$	893,915	$	95,214	$	—	$	201,399	$	234,590	$	117,420	$	1,586,224

Interest income recognized while impaired	$	—	$	—	$	—	$	—	$	—	$	14,924	$	—	$	14,924
Interest income recognized on a cash basis while impaired		—		14,037		—		—		8,346		—		1,287		23,670
Total interest on impaired loans	$	—	$	14,037	$	—	$	—	$	8,346	$	14,924	$	1,287	$	38,594

Schedule of loans by risk rating


	June 30, 2019
	Construction,		1-4 Family		1-4 Family				Commercial		Commercial
	Land,		Owner		Non-Owner				Owner		Non-Owner		Consumer &
	Development		Occupied		Occupied		Multifamily		Occupied		Occupied		Installment		Total
1-4	$	4,318,845	$	123,642,066	$	20,968,812	$	73,246,392	$	8,314,410	$	11,382,336	$	9,649,430	$	251,522,291
5		—		—		—		—		—		8,120,209		—		8,120,209
6		—		895,442		—		—		193,601		—		128,011		1,217,054
7		—		307,814		—		—		—		—		—		307,814
Total	$	4,318,845	$	124,845,322	$	20,968,812	$	73,246,392	$	8,508,011	$	19,502,545	$	9,777,441	$	261,167,368


	June 30, 2018
	Construction,		1-4 Family		1-4 Family				Commercial		Commercial
	Land,		Owner		Non-Owner				Owner		Non-Owner		Consumer &
	Development		Occupied		Occupied		Multifamily		Occupied		Occupied		Installment		Total
1-4	$	4,758,001	$	121,674,827	$	23,001,683	$	70,755,990	$	7,152,762	$	13,952,614	$	11,239,304	$	252,535,181
5		—		—		739,978		344,741		—		10,258,655		—		11,343,374
6		87,371		446,352		—		—		198,829		—		138,855		871,407
7		—		477,783		95,214		—		—		—		—		572,997
Total	$	4,845,372	$	122,598,962	$	23,836,875	$	71,100,731	$	7,351,591	$	24,211,269	$	11,378,159	$	265,322,959

Schedule of aged analysis of past due loans


	June 30, 2019
	Construction,		1-4 Family		1-4 Family				Commercial		Commercial
	Land,		Owner		Non-Owner				Owner		Non-Owner		Consumer &
	Development		Occupied		Occupied		Multifamily		Occupied		Occupied		Installment		Total
30‑59 days, accruing	$	—	$	2,129,016	$	103,706	$	—	$	—	$	—	$	72,482	$	2,305,204
60‑89 days, accruing		—		450,183		—		—		—		—		25,220		475,403
90 days or over or nonaccrual		—		1,203,256		—		—		193,601		—		128,011		1,524,868
Total	$	—	$	3,782,455	$	103,706	$	—	$	193,601	$	—	$	225,713	$	4,305,475


	June 30, 2018
	Construction,		1-4 Family		1-4 Family				Commercial		Commercial
	Land,		Owner		Non-Owner				Owner		Non-Owner		Consumer &
	Development		Occupied		Occupied		Multifamily		Occupied		Occupied		Installment		Total
30‑59 days, accruing	$	75,058	$	2,074,976	$	—	$	—	$	—	$	—	$	91,075	$	2,241,109
60‑89 days, accruing		—		—		—		—		—		—		—		—
90 days or over or nonaccrual		87,371		924,135		95,214		—		198,829		—		138,855		1,444,404
Total	$	162,429	$	2,999,111	$	95,214	$	—	$	198,829	$	—	$	229,930	$	3,685,513

Schedule of TDRs


	Construction,		1-4 Family		1-4 Family				Commercial		Commercial
	Land,		Owner		Non-Owner				Owner		Non-Owner		Consumer &
	Development		Occupied		Occupied		Multifamily		Occupied		Occupied		Installment		Total
Accruing
Beginning balance	$	—	$	—	$	—	$	—	$	—	$	1,407,541	$	—	$	1,407,541
Transfer to other loan category		—		—		—		—		—		—		—		—
Principal payments		—		—		—		—		—		—		—		—
Charge-offs		—		—		—		—		—		—		—		—
Sales		—		—		—		—		—		—		—		—
New restructureds		—		—		—		—		—		—		—		—
Transfers out of TDR status		—		—		—		—		—		(1,407,541)		—		(1,407,541)
Transfers to foreclosed properties		—		—		—		—		—		—		—		—
Transfers to nonaccrual		—		—		—		—		—		—		—		—
Transfers out of nonaccrual		—		—		—		—		—		—		—		—
Ending balance	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Nonaccrual
Beginning balance	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Principal payments		—		—		—		—		—		—		—		—
Charge-offs		—		—		—		—		—		—		—		—
Sales		—		—		—		—		—		—		—		—
Transfers to foreclosed properties		—		—		—		—		—		—		—		—
Transfers from accrual		—		—		—		—		—		—		—		—
Transfers to accrual		—		—		—		—		—		—		—		—
Ending balance	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Totals
Beginning balance	$	—	$	—	$	—	$	—	$	—	$	1,407,541	$	—	$	1,407,541
Transfer to other loan category		—		—		—		—		—		—		—		—
Principal payments		—		—		—		—		—		—		—		—
Charge-offs		—		—		—		—		—		—		—		—
Sales		—		—		—		—		—		—		—		—
New restructureds		—		—		—		—		—		—		—		—
Transfers out of TDR status		—		—		—		—		—		(1,407,541)		—		(1,407,541)
Transfers to foreclosed properties		—		—		—		—		—		—		—		—
Transfers to nonaccrual		—		—		—		—		—		—		—		—
Transfers from accrual		—		—		—		—		—		—		—		—
Transfers out of nonaccrual		—		—		—		—		—		—		—		—
Ending balance	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—