Loans and Allowance for Loan Losses (Tables)

6 Months Ended

Dec. 31, 2019

Loans and Allowance for Loan Losses

Schedule of loan classifications

	December 31, 2019		June 30, 2019
Construction, land, development	$	7,242,065	$	4,318,845
1-4 family owner occupied		111,606,950		124,845,322
1-4 family non-owner occupied		20,152,740		20,968,812
Multifamily		77,933,467		73,246,392
Commercial owner occupied		8,198,761		8,508,011
Commercial non-owner occupied		19,265,342		19,502,545
Consumer and installment loans		9,323,100		9,777,441
Total loans		253,722,425		261,167,368
Less:
Allowance for loan losses		(1,262,472)		(1,293,965)
Loans, net	$	252,459,953	$	259,873,403

Schedule of non-performing loans

	December 31, 2019		June 30, 2019
Nonaccrual Loans	$	1,112,843	$	1,524,868
Total non-performing loans	$	1,112,843	$	1,524,868
Restructured loans, accruing	$	—	$	—
Total impaired loans	$	1,112,843	$	1,524,868

Schedule of impaired loans

	December 31, 2019
	Construction,		1-4 Family		1-4 Family				Commercial		Commercial
	Land,		Owner		Non-Owner				Owner		Non-Owner		Consumer and
	Development		Occupied		Occupied		Multifamily		Occupied		Occupied		Installment		Total
With related allowance recorded
Recorded investment	$	—	$	97,774	$	—	$	—	$	191,014	$	—	$	108,728	$	397,516
Unpaid principal balance		—		97,774		—		—		191,014		—		108,728		397,516
Related allowance		—		43,470		—		—		76,086		—		66,848		186,404
With no related allowance recorded
Recorded investment	$	—	$	715,327	$	—	$	—	$	—	$	—	$	—	$	715,327
Unpaid principal balance		—		715,327		—		—		—		—		—		715,327
Related allowance		—		—		—		—		—		—		—		—
Total
Recorded investment	$	—	$	813,101	$	—	$	—	$	191,014	$	—	$	108,728	$	1,112,843
Unpaid principal balance		—		813,101		—		—		191,014		—		108,728		1,112,843
Related allowance		—		43,470		—		—		76,086		—		66,848		186,404
	Three Months Ended December 31, 2019
Average recorded balance	$	—	$	875,987	$	—	$	—	$	191,651	$	—	$	122,114	$	1,189,752
																—
Interest income recognized while impaired	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Interest income recognized on a cash basis while impaired		—		4,012		—		—		1,079		—		—		5,091
Total interest on impaired loans	$	—	$	4,012	$	—	$	—	$	1,079	$	—	$	—	$	5,091
	Six Months Ended December 31, 2019
Average recorded balance	$	—	$	1,070,070	$	2,829	$	—	$	192,294	$	—	$	123,339	$	1,388,532
																—
Interest income recognized while impaired	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Interest income recognized on a cash basis while impaired		—		8,803		298		—		4,382		—		—		13,483
Total interest on impaired loans	$	—	$	8,803	$	298	$	—	$	4,382	$	—	$	—	$	13,483

	June 30, 2019
	Construction,		1-4 Family		1-4 Family				Commercial		Commercial
	Land,		Owner		Non-Owner				Owner		Non-Owner		Consumer and
	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

	December 31, 2018
	Construction,		1-4 Family		1-4 Family				Commercial		Commercial
	Land,		Owner		Non-Owner				Owner		Non-Owner		Consumer and
	Development		Occupied		Occupied		Multifamily		Occupied		Occupied		Installment		Total
With related allowance recorded
Recorded investment	$	—	$	70,608	$	—	$	—	$	196,135	$	—	$	131,268	$	398,011
Unpaid principal balance		—		70,608		—		—		196,135		—		131,268		398,011
Related allowance		—		4,809		—		—		117,498		—		70,391		192,698
With no related allowance recorded
Recorded investment	$	—	$	889,964	$	22,993	$	—	$	—	$	—	$	7,601	$	920,558
Unpaid principal balance		—		889,964		22,993		—		—		—		7,601		920,558
Related allowance		—		—		—		—		—		—		—		—
Total
Recorded investment	$	—	$	960,572	$	22,993	$	—	$	196,135	$	—	$	138,869	$	1,318,569
Unpaid principal balance		—		960,572		22,993		—		196,135		—		138,869		1,318,569
Related allowance		—		4,809		—		—		117,498		—		70,391		192,698
	Three Months Ended December 31, 2018
Average recorded balance	$	—	$	728,723	$	11,496	$	—	$	196,335	$	—	$	136,350	$	1,072,904
Interest income recognized while impaired	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Interest income recognized on a cash basis while impaired		3,531		1,947		348		—		1,078		—		1,000		7,904
Total interest on impaired loans	$	3,531	$	1,947	$	348	$	—	$	1,078	$	—	$	1,000	$	7,904
	Six Months Ended December 31, 2018
Average recorded balance	$	21,843	$	719,614	$	29,552	$	—	$	197,009	$	—	$	136,347	$	1,104,365
Interest income recognized while impaired	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Interest income recognized on a cash basis while impaired		3,531		15,063		348		—		3,162		—		1,175		23,279
Total interest in impaired loans	$	3,531	$	15,063	$	348	$	—	$	3,162	$	—	$	1,175	$	23,279

Schedule of loans by risk rating

	December 31, 2019
	Construction,		1-4 Family		1-4 Family				Commercial		Commercial
	Land,		Owner		Non-Owner				Owner		Non-Owner		Consumer and
	Development		Occupied		Occupied		Multifamily		Occupied		Occupied		Installment		Total
1-4	$	7,242,065	$	110,793,849	$	20,152,740	$	77,933,467	$	8,007,747	$	11,301,175	$	9,214,372	$	244,645,415
5		—		—		—		—		—		7,964,167		—		7,964,167
6		—		579,603		—		—		191,014		—		32,559		803,176
7		—		233,498		—		—		—		—		76,169		309,667
Total	$	7,242,065	$	111,606,950	$	20,152,740	$	77,933,467	$	8,198,761	$	19,265,342	$	9,323,100	$	253,722,425

	June 30, 2019
	Construction,		1-4 Family		1-4 Family				Commercial		Commercial
	Land,		Owner		Non-Owner				Owner		Non-Owner		Consumer and
	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

Schedule of aged analysis of past due loans

	December 31, 2019
	Construction,		1-4 Family		1-4 Family				Commercial		Commercial
	Land,		Owner		Non-Owner				Owner		Non-Owner		Consumer and
	Development		Occupied		Occupied		Multifamily		Occupied		Occupied		Installment		Total
30‑59 days, accruing	$	35,697	$	1,887,777	$	58,833	$	—	$	—	$	25,871	$	50,118	$	2,058,296
60‑89 days, accruing		—		908,130		—		—		—		—		5,312		913,442
90 days & over or nonaccrual		—		813,101		—		—		191,014		—		108,728		1,112,843
Total	$	35,697	$	3,609,008	$	58,833	$	—	$	191,014	$	25,871	$	164,158	$	4,084,581

	June 30, 2019
	Construction,		1-4 Family		1-4 Family				Commercial		Commercial
	Land,		Owner		Non-Owner				Owner		Non-Owner		Consumer and
	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 & 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

Schedule of allowance for loan losses and recorded investment

	Three Months Ended December 31, 2019
	Construction,		1-4 Family		1-4 Family				Commercial		Commercial
	Land,		Owner		Non-Owner				Owner		Non-Owner
	Development		Occupied		Occupied		Multifamily		Occupied		Occupied		Consumer		Unallocated		Total
Allowance
Balance at 10/1/19	$	5,670	$	56,804	$	26,027	$	111,112	$	91,077	$	773,186	$	72,508	$	150,290	$	1,286,674
Charge-offs		—		(18,846)		—		—		—		—		(32,012)		—		(50,858)
Recoveries		—		4,820		—		—		—		—		21,836		—		26,656
Provision		5,193		57,197		(3,859)		5,788		(10,987)		36,536		23,682		(113,550)		—
Balance at 12/31/19	$	10,863	$	99,975	$	22,168	$	116,900	$	80,090	$	809,722	$	86,014	$	36,740	$	1,262,472
	Six Months Ended December 31, 2019
	Construction,		1-4 Family		1-4 Family				Commercial		Commercial				Not
	Land,		Owner		Non-Owner				Owner-		Non-Owner				Specifically
	Development		Occupied		Occupied		Multifamily		Occupied		Occupied		Consumer		Allocated		Total
Allowance
Balance at 6/30/19	$	4,319	$	67,593	$	26,630	$	109,870	$	61,193	$	738,366	$	70,058	$	215,936	$	1,293,965
Charge-offs		—		(18,846)		—		—		—		—		(39,838)		—		(58,684)
Recoveries		—		5,155		—		—		—		—		22,036		—		27,191
Provision		6,544		46,073		(4,462)		7,030		18,897		71,356		33,758		(179,196)		—
Balance at 12/31/19	$	10,863	$	99,975	$	22,168	$	116,900	$	80,090	$	809,722	$	86,014	$	36,740	$	1,262,472
Allowance
Ending balance individually evaluated for impairment	$	—	$	43,470	$	—	$	—	$	76,086	$	—	$	66,848	$	—	$	186,404
Ending balance collectively evaluated for impairment		10,863		56,505		22,168		116,900		4,004		809,722		19,166		36,740		1,076,068
Ending balance	$	10,863	$	99,975	$	22,168	$	116,900	$	80,090	$	809,722	$	86,014	$	36,740	$	1,262,472
Loans
Ending balance individually evaluated for impairment	$	—	$	813,101	$	—	$	—	$	191,014	$	—	$	108,728	$	—	$	1,112,843
Ending balance collectively evaluated for impairment		7,242,065		110,793,849		20,152,740		77,933,467		8,007,747		19,265,342		9,214,372		—		252,609,582
Total loans	$	7,242,065	$	111,606,950	$	20,152,740	$	77,933,467	$	8,198,761	$	19,265,342	$	9,323,100	$	—	$	253,722,425
Less allowance	$	10,863	$	99,975	$	22,168	$	116,900	$	80,090	$	809,722	$	86,014	$	36,740	$	1,262,472
Total loans, net	$	7,231,202	$	111,506,975	$	20,130,572	$	77,816,567	$	8,118,671	$	18,455,620	$	9,237,086	$	(36,740)	$	252,459,953

	June 30, 2019
	Construction,		1-4 Family		1-4 Family				Commercial		Commercial				Not
	Land,		Owner		Non-Owner				Owner-		Non-Owner				Specifically
	Development		Occupied		Occupied		Multifamily		Occupied		Occupied		Consumer		Allocated		Total
Allowance
Balance at 6/30/18	$	4,758	$	7,300	$	71,053	$	71,101	$	131,906	$	925,355	$	98,096	$	14,590	$	1,324,159
Charge-offs		—		—		(44,534)		—		—		—		(15,809)		—		(60,343)
Recoveries		—		28,735		—		—		—		—		1,414		—		30,149
Provision		(439)		31,558		111		38,769		(70,713)		(186,989)		(13,643)		201,346		—
Balance at 6/30/19	$	4,319	$	67,593	$	26,630	$	109,870	$	61,193	$	738,366	$	70,058	$	215,936	$	1,293,965
Allowance
Ending balance individually evaluated for impairment	$	—	$	5,772	$	—	$	—	$	44,564	$	—	$	52,979	$	—	$	103,315
Ending balance collectively evaluated for impairment		4,319		61,821		26,630		109,870		16,629		738,366		17,079		215,936		1,190,650
Ending balance	$	4,319	$	67,593	$	26,630	$	109,870	$	61,193	$	738,366	$	70,058	$	215,936	$	1,293,965
Loans
Ending balance individually evaluated for impairment	$	—	$	1,203,256	$	—	$	—	$	193,601	$	—	$	128,011	$	—	$	1,524,868
Ending balance collectively evaluated for impairment		4,318,845		123,642,066		20,968,812		73,246,392		8,314,410		19,502,545		9,649,430		—		259,642,500
Total loans	$	4,318,845	$	124,845,322	$	20,968,812	$	73,246,392	$	8,508,011	$	19,502,545	$	9,777,441	$	—	$	261,167,368
Less allowance	$	4,319	$	67,593	$	26,630	$	109,870	$	61,193	$	738,366	$	70,058	$	215,936	$	1,293,965
Total loans, net	$	4,314,526	$	124,777,729	$	20,942,182	$	73,136,522	$	8,446,818	$	18,764,179	$	9,707,383	$	(215,936)	$	259,873,403

	Three Months Ended December 31, 2018
	Construction,		1-4 Family		1-4 Family				Commercial		Commercial
	Land,		Owner		Non-Owner				Owner		Non-Owner
	Development		Occupied		Occupied		Multifamily		Occupied		Occupied		Consumer		Unallocated		Total
Allowance
Balance at 10/1/18	$	4,958	$	6,151	$	24,542	$	71,120	$	131,113	$	905,405	$	111,323	$	47,198	$	1,301,810
Charge-offs		—		—		(14,042)		—		—		—		(3)		—		(14,045)
Recoveries		—		6,744		—		—		—		—		503		—		7,247
Provision		(1,738)		12,955		18,034		39,984		3,175		(23,608)		(4,115)		(44,687)		—
Balance at 12/31/18	$	3,220	$	25,850	$	28,534	$	111,104	$	134,288	$	881,797	$	107,708	$	2,511	$	1,295,012
	Six Months Ended December 31, 2018
	Construction,		1-4 Family		1-4 Family				Commercial		Commercial				Not
	Land,		Owner		Non-Owner				Owner-		Non-Owner				Specifically
	Development		Occupied		Occupied		Multifamily		Occupied		Occupied		Consumer		Allocated		Total
Allowance
Balance at 6/30/18	$	4,758	$	7,300	$	71,053	$	71,101	$	131,906	$	925,355	$	98,096	$	14,590	$	1,324,159
Charge-offs		—		—		(44,534)		—		—		—		(2,211)		—		(46,745)
Recoveries		—		16,784		—		—		—		—		814		—		17,598
Provision		(1,538)		1,766		2,015		40,003		2,382		(43,558)		11,009		(12,079)		—
Balance at 12/31/18	$	3,220	$	25,850	$	28,534	$	111,104	$	134,288	$	881,797	$	107,708	$	2,511	$	1,295,012
Allowance
Ending balance individually evaluated for impairment	$	—	$	4,809	$	—	$	—	$	117,498	$	—	$	70,391	$	—	$	192,698
Ending balance collectively evaluated for impairment		3,220		21,041		28,534		111,104		16,790		881,797		37,317		2,511		1,102,314
Ending balance	$	3,220	$	25,850	$	28,534	$	111,104	$	134,288	$	881,797	$	107,708	$	2,511	$	1,295,012
Loans
Ending balance individually evaluated for impairment	$	—	$	960,572	$	22,993	$	—	$	196,135	$	—	$	138,869	$	—	$	1,318,569
Ending balance collectively evaluated for impairment		3,220,671		123,768,658		22,292,226		74,069,572		8,394,869		20,782,399		10,511,753		—		263,040,148
Total loans	$	3,220,671	$	124,729,230	$	22,315,219	$	74,069,572	$	8,591,004	$	20,782,399	$	10,650,622	$	—	$	264,358,717
Less allowance	$	3,220	$	25,850	$	28,534	$	111,104	$	134,288	$	881,797	$	107,708	$	2,511	$	1,295,012
Total loans, net	$	3,217,451	$	124,703,380	$	22,286,685	$	73,958,468	$	8,456,716	$	19,900,602	$	10,542,914	$	(2,511)	$	263,063,705