Fair Value of Financial Instruments (Tables)

6 Months Ended

Dec. 31, 2019

Fair Value of Financial Instruments

Schedule of fair value assets measured on recurring basis

	Fair Value as of December 31, 2019
	Level 1		Level 2		Level 3		Total
Securities classified as available for sale:
Obligations of states and political subdivisions	$	—	$	19,994,689	$	—	$	19,994,689
Mortgage-backed securities		—		1,487,715		—		1,487,715
Certificates of deposit		—		817,505		—		817,505
Total	$	—	$	22,299,909	$	—	$	22,299,909

	Fair Value as of June 30, 2019
	Level 1		Level 2		Level 3		Total
Securities classified as available for sale:
Obligations of states and political subdivisions	$	—	$	18,878,383	$	—	$	18,878,383
Mortgage-backed securities		—		1,106,138		—		1,106,138
Certificates of deposit		—		557,597		—		557,597
Total	$	—	$	20,542,118	$	—	$	20,542,118

Schedule of fair value assets measured on nonrecurring basis

	Fair Value as of December 31, 2019
	Level 1		Level 2		Level 3		Total
Loans, net	$	—	$	—	$	211,112	$	211,112
Other real estate owned, net		—		—		3,302,148		3,302,148
Total	$	—	$	—	$	3,513,260	$	3,513,260

	Fair Value as of June 30, 2019
	Level 1		Level 2		Level 3		Total
Loans, net	$	—	$	—	$	274,750	$	274,750
Other real estate owned, net		—		—		4,080,401		4,080,401
Total	$	—	$	—	$	4,355,151	$	4,355,151