Available for Sale Securities (Tables)

12 Months Ended

Jun. 30, 2020

Available for Sale Securities

Schedule of amortized costs and fair values of available for sale securities

	June 30, 2020
			Gross		Gross
	Amortized		Unrealized		Unrealized
	Cost		Gains		Losses		Fair Value
Obligations of states and political subdivisions	$	17,563,698	$	457,440	$	16,056	$	18,005,082
Mortgage-backed securities		1,371,753		71,890		—		1,443,643
Certificates of deposit		800,000		48,870		—		848,870
	$	19,735,451	$	578,200	$	16,056	$	20,297,595

	June 30, 2019
			Gross		Gross
	Amortized		Unrealized		Unrealized
	Cost		Gains		Losses		Fair Value
Obligations of states and political subdivisions	$	18,719,370	$	217,627	$	58,614	$	18,878,383
Mortgage-backed securities		1,065,193		40,945		—		1,106,138
Certificates of deposit		555,000		2,597		—		557,597
	$	20,339,563	$	261,169	$	58,614	$	20,542,118

Schedule of available for sale securities portfolio

	June 30, 2020
	Continuous Unrealized				Continuous Unrealized
	Losses Existing for Less				Losses Existing for 12 Months
	Than 12 Months				or Greater				Total
			Unrealized				Unrealized				Unrealized
	Fair Value		Losses		Fair Value		Losses		Fair Value		Losses
Obligations of states and political subdivisions	$	—	$	—	$	693,687	$	16,056	$	693,687	$	16,056

	June 30, 2019
	Continuous Unrealized				Continuous Unrealized
	Losses Existing for Less				Losses Existing for 12 Months
	Than 12 Months				or Greater				Total
			Unrealized				Unrealized				Unrealized
	Fair Value		Losses		Fair Value		Losses		Fair Value		Losses
Obligations of states and political subdivisions	$	208,583	$	22	$	2,935,133	$	58,592	$	3,143,716	$	58,614

Schedule of available for sale securities maturity categories

	Amortized
	Cost		Fair Value
Due in one year or less	$	870,981	$	874,977
Due after one year through 5 years		10,719,389		10,952,874
Due after 5 years through 10 years		4,833,328		5,022,565
Due after 10 years		1,940,000		2,003,536
Subtotal		18,363,698		18,853,952
Mortgage backed securities
Due after one year through 5 years		—		—
Due after 5 years through 10 years		1,371,753		1,443,643
Total	$	19,735,451	$	20,297,595