Loans and Allowance for Loan Losses (Tables)

9 Months Ended

Mar. 31, 2020

Loans and Allowance for Loan Losses

Schedule of loan classifications

	March 31, 2020		June 30, 2019
Construction, land, development	$	4,762,278	$	4,318,845
1-4 family owner occupied		109,212,203		124,845,322
1-4 family non-owner occupied		20,098,726		20,968,812
Multifamily		78,150,768		73,246,392
Commercial owner occupied		6,843,419		8,508,011
Commercial non-owner occupied		18,744,604		19,502,545
Consumer and installment loans		8,737,423		9,777,441
Total loans		246,549,421		261,167,368
Less:
Allowance for loan losses		(1,303,434)		(1,293,965)
Loans, net	$	245,245,987	$	259,873,403

Schedule of non-performing loans

	March 31, 2020		June 30, 2019
Nonaccrual Loans	$	1,267,622	$	1,524,868
Total non-performing loans	$	1,267,622	$	1,524,868
Restructured loans, accruing	$	—	$	—
Total impaired loans	$	1,267,622	$	1,524,868

Schedule of impaired loans

	March 31, 2020
	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	$	—	$	93,110	$	—	$	—	$	189,702	$	—	$	106,164	$	388,976
Unpaid principal balance		—		93,110		—		—		189,702		—		106,164		388,976
Related allowance		—		59,000		—		—		77,510		—		64,283		200,793
With no related allowance recorded
Recorded investment	$	—	$	805,785	$	—	$	—	$	—	$	—	$	72,861	$	878,646
Unpaid principal balance		—		805,785		—		—		—		—		72,861		878,646
Related allowance		—		—		—		—		—		—		—		—
Total
Recorded investment	$	—	$	898,895	$	—	$	—	$	189,702	$	—	$	179,025	$	1,267,622
Unpaid principal balance		—		898,895		—		—		189,702		—		179,025		1,267,622
Related allowance		—		59,000		—		—		77,510		—		64,283		200,793
	Three Months Ended March 31, 2020
Average recorded balance	$	—	$	900,114	$	14,708	$	—	$	190,364	$	—	$	144,751	$	1,249,937
																—
Interest income recognized while impaired	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Interest income recognized on a cash basis while impaired		—		3,847		—		—		—		—		712		4,559
Total interest on impaired loans	$	—	$	3,847	$	—	$	—	$	—	$	—	$	712	$	4,559
	Nine Months Ended March 31, 2020
Average recorded balance	$	—	$	1,027,784	$	7,863	$	—	$	191,650	$	—	$	133,365	$	1,360,662
																—
Interest income recognized while impaired	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Interest income recognized on a cash basis while impaired		—		12,651		298		—		4,382		—		712		18,043
Total interest on impaired loans	$	—	$	12,651	$	298	$	—	$	4,382	$	—	$	712	$	18,043

	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

	March 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	$	—	$	70,608	$	—	$	—	$	196,135	$	—	$	116,420	$	383,163
Unpaid principal balance		—		70,608		—		—		196,135		—		116,420		383,163
Related allowance		—		5,325		—		—		45,768		—		56,397		107,490
With no related allowance recorded
Recorded investment	$	—	$	899,537	$	—	$	—	$	—	$	—	$	7,601	$	907,138
Unpaid principal balance		—		899,537		—		—		—		—		7,601		907,138
Related allowance		—		—		—		—		—		—		—		—
Total
Recorded investment	$	—	$	970,145	$	—	$	—	$	196,135	$	—	$	124,021	$	1,290,301
Unpaid principal balance		—		970,145		—		—		196,135		—		124,021		1,290,301
Related allowance		—		5,325		—		—		45,768		—		56,397		107,490
	Three Months Ended March 31, 2019
Average recorded balance	$	—	$	965,358	$	11,496	$	—	$	196,135	$	—	$	131,445	$	1,304,434
Interest income recognized while impaired	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Interest income recognized on a cash basis while impaired		—		1,386		18		—		—		—		1,070		2,474
Total interest on impaired loans	$	—	$	1,386	$	18	$	—	$	—	$	—	$	1,070	$	2,474
	Nine Months Ended March 31, 2019
Average recorded balance	$	14,562	$	801,528	$	23,533	$	—	$	196,718	$	—	$	134,855	$	1,171,196
Interest income recognized while impaired	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Interest income recognized on a cash basis while impaired		3,531		16,449		367		—		3,162		—		2,244		25,753
Total interest in impaired loans	$	3,531	$	16,449	$	367	$	—	$	3,162	$	—	$	2,244	$	25,753

Schedule of loans by risk rating

	March 31, 2020
	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	$	4,762,278	$	108,313,308	$	20,098,726	$	78,150,768	$	6,653,717	$	10,862,375	$	8,558,398	$	237,399,570
5		—		—		—		—		—		7,882,229		—		7,882,229
6		—		898,895		—		—		189,702		—		102,856		1,191,453
7		—		—		—		—		—		—		76,169		76,169
Total	$	4,762,278	$	109,212,203	$	20,098,726	$	78,150,768	$	6,843,419	$	18,744,604	$	8,737,423	$	246,549,421

	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

	March 31, 2020
	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	$	—	$	711,352	$	64,190	$	—	$	—	$	—	$	40,792	$	816,334
60‑89 days, accruing		—		289,676		—		—		—		—		—		289,676
90 days & over or nonaccrual		—		898,895		—		—		189,702		—		179,025		1,267,622
Total	$	—	$	1,899,923	$	64,190	$	—	$	189,702	$	—	$	219,817	$	2,373,632

	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 March 31, 2020
	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 12/31/19	$	10,863	$	99,975	$	22,168	$	116,900	$	80,090	$	809,722	$	86,014	$	36,740	$	1,262,472
Charge-offs		—		(38,726)		—		—		—		—		(5,312)		—		(44,038)
Recoveries		—		—		—		—		—		—		—		—		—
Provision		3,424		337,855		50,991		195,703		14,054		(542,611)		17,729		7,855		85,000
Balance at 3/31/20	$	14,287	$	399,104	$	73,159	$	312,603	$	94,144	$	267,111	$	98,431	$	44,595	$	1,303,434
	Nine Months Ended March 31, 2020
	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		—		(57,572)		—		—		—		—		(45,150)		—		(102,722)
Recoveries		—		5,155		—		—		—		—		22,036		—		27,191
Provision		9,968		383,928		46,529		202,733		32,951		(471,255)		51,487		(171,341)		85,000
Balance at 3/31/20	$	14,287	$	399,104	$	73,159	$	312,603	$	94,144	$	267,111	$	98,431	$	44,595	$	1,303,434
Allowance
Ending balance individually evaluated for impairment	$	—	$	59,000	$	—	$	—	$	77,510	$	—	$	64,283	$	—	$	200,793
Ending balance collectively evaluated for impairment		14,287		340,104		73,159		312,603		16,634		267,111		34,148		44,595		1,102,641
Ending balance	$	14,287	$	399,104	$	73,159	$	312,603	$	94,144	$	267,111	$	98,431	$	44,595	$	1,303,434
Loans
Ending balance individually evaluated for impairment	$	—	$	898,895	$	—	$	—	$	189,702	$	—	$	179,025	$	—	$	1,267,622
Ending balance collectively evaluated for impairment		4,762,278		108,313,308		20,098,726		78,150,768		6,653,717		18,744,604		8,558,398		—		245,281,799
Total loans	$	4,762,278	$	109,212,203	$	20,098,726	$	78,150,768	$	6,843,419	$	18,744,604	$	8,737,423	$	—	$	246,549,421
Less allowance	$	14,287	$	399,104	$	73,159	$	312,603	$	94,144	$	267,111	$	98,431	$	44,595	$	1,303,434
Total loans, net	$	4,747,991	$	108,813,099	$	20,025,567	$	77,838,165	$	6,749,275	$	18,477,493	$	8,638,992	$	(44,595)	$	245,245,987

	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 March 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 12/31/18	$	3,220	$	25,850	$	28,534	$	111,104	$	134,288	$	881,797	$	107,708	$	2,511	$	1,295,012
Charge-offs		—		—		—		—		—		—		(13,599)		—		(13,599)
Recoveries		—		6,327		—		—		—		—		300		—		6,627
Provision		97		34,416		(2,035)		923		(71,633)		(126,924)		(25,526)		190,682		—
Balance at 3/31/19	$	3,317	$	66,593	$	26,499	$	112,027	$	62,655	$	754,873	$	68,883	$	193,193	$	1,288,040
	Nine Months Ended March 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 6/30/18	$	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		—		23,110		—		—		—		—		1,114		—		24,224
Provision		(1,441)		36,183		(20)		40,926		(69,251)		(170,482)		(14,518)		178,603		—
Balance at 3/31/19	$	3,317	$	66,593	$	26,499	$	112,027	$	62,655	$	754,873	$	68,883	$	193,193	$	1,288,040
Allowance
Ending balance individually evaluated for impairment	$	—	$	5,325	$	—	$	—	$	45,768	$	—	$	56,397	$	—	$	107,490
Ending balance collectively evaluated for impairment		3,317		61,268		26,499		112,027		16,887		754,873		12,486		193,193		1,180,550
Ending balance	$	3,317	$	66,593	$	26,499	$	112,027	$	62,655	$	754,873	$	68,883	$	193,193	$	1,288,040
Loans
Ending balance individually evaluated for impairment	$	—	$	970,145	$	—	$	—	$	196,135	$	—	$	124,021	$	—	$	1,290,301
Ending balance collectively evaluated for impairment		3,316,605		122,535,797		21,031,234		74,684,437		8,443,494		20,904,832		10,319,103		—		261,235,502
Total loans	$	3,316,605	$	123,505,942	$	21,031,234	$	74,684,437	$	8,639,629	$	20,904,832	$	10,443,124	$	—	$	262,525,803
Less allowance	$	3,317	$	66,593	$	26,499	$	112,027	$	62,655	$	754,873	$	68,883	$	193,193	$	1,288,040
Total loans, net	$	3,313,288	$	123,439,349	$	21,004,735	$	74,572,410	$	8,576,974	$	20,149,959	$	10,374,241	$	(193,193)	$	261,237,763