Loans (Tables)

12 Months Ended

Jun. 30, 2020


	June 30, 2020		June 30, 2019
Construction, land, development	$	4,598,382	$	4,318,845
1-4 family owner occupied		100,506,311		124,845,322
1-4 family non-owner occupied		21,213,680		20,968,812
Multifamily		76,444,156		73,246,392
Commercial owner occupied		6,733,183		8,508,011
Commercial non-owner occupied		20,237,534		19,502,545
Consumer and installment loans		8,920,659		9,777,441

Total loans		238,653,905		261,167,368
Less:
Allowance for loan losses		(1,353,427)		(1,293,965)

Loans, net	$	237,300,478	$	259,873,403

Schedule of non-performing loans


	June 30, 2020		June 30, 2019
Nonaccrual Loans	$	1,341,174	$	1,524,868
Total non-performing loans	$	1,341,174	$	1,524,868

Restructured loans, accruing	$	—	$	—
Total impaired loans	$	1,341,174	$	1,524,868

Schedule of impaired loans


	June 30, 2020
	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	$	—	$	161,931	$	—	$	—	$	189,249	$	—	$	103,673	$	454,853
Unpaid principal balance		—		161,931		—		—		189,249		—		103,673		454,853
Related allowance		—		64,780		—		—		79,351		—		61,792		205,923

With no related allowance recorded
Recorded investment	$	—	$	803,803	$	57,574	$	—	$	—	$	—	$	24,944	$	886,321
Unpaid principal balance		—		803,803		57,574		—		—		—		24,944		886,321
Related allowance		—		—		—		—		—		—		—		—

Total
Recorded investment	$	—	$	965,734	$	57,574	$	—	$	189,249	$	—	$	128,617	$	1,341,174
Unpaid principal balance		—		965,734		57,574		—		189,249		—		128,617		1,341,174
Related allowance		—		64,780		—		—		79,351		—		61,792		205,923

Average recorded balance	$	—	$	1,020,175	$	14,948	$	—	$	191,166	$	—	$	132,521	$	1,358,810

Interest income recognized while impaired	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Interest income recognized on a cash basis while impaired		—		16,071		298		—		4,382		—		712		21,463
Total interest on impaired loans	$	—	$	16,071	$	298	$	—	$	4,382	$	—	$	712	$	21,463


	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

Schedule of loans by risk rating


	June 30, 2020
	Construction,		1-4 Family		1-4 Family				Commercial		Commercial
	Land,		Owner		Non-Owner				Owner		Non-Owner		Consumer and
			Occupied		Occupied		Multifamily		Occupied		Occupied		Installment		Total
1-4		4,598,382	$	99,344,653	$	21,156,106	$	76,444,156	$	6,543,934	$	12,313,923	$	8,792,042	$	229,193,196
5		—		195,924		—		—		—		7,923,611		—		8,119,535
6		—		851,208		57,574		—		189,249		—		52,448		1,150,479
7		—		114,526		—		—		—		—		76,169		190,695
Total	$	4,598,382	$	100,506,311	$	21,213,680	$	76,444,156	$	6,733,183	$	20,237,534	$	8,920,659	$	238,653,905


	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


	June 30, 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	$	69,174	$	1,274,585	$	—	$	—	$	—	$	—	$	63,765	$	1,407,524
60‑89 days, accruing		—		114,338		—		—		—		—		—		114,338
90 days & over or nonaccrual		—		965,734		57,574		—		189,249		—		128,617		1,341,174
Total	$	69,174	$	2,354,657	$	57,574	$	—	$	189,249	$	—	$	192,382	$	2,863,036


	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

Troubled Debt Restructurings on Financing Receivables [Table Text Block]


	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	$	—	$	—	$	—	$	—	$	—	$		$	—	$	—
Transfer to other loan category		—		—		—		—		—		—		—		—
Principal payments		—		—		—		—		—		—		—		—
Charge-offs		—		—		—		—		—		—		—		—
Sales		—		—		—		—		—		—		—		—
New restructureds		—		195,924		—		—		—		—		—		195,924
Transfers out of TDR status		—		—		—		—		—				—		—
Transfers to foreclosed properties		—		—		—		—		—		—		—		—
Transfers to nonaccrual		—		—		—		—		—		—		—		—
Transfers out of nonaccrual		—		—		—		—		—		—		—		—
Ending balance	$	—	$	195,924	$	—	$	—	$	—	$	—	$	—	$	195,924

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

Totals
Beginning balance	$	—	$	—	$	—	$	—	$	—	$		$	—	$	—
Transfer to other loan category		—		—		—		—		—		—		—		—
Principal payments		—		—		—		—		—		—		—		—
Charge-offs		—		—		—		—		—		—		—		—
Sales		—		—		—		—		—		—		—		—
New restructureds		—		195,924		—		—		—		—		—		195,924
Transfers out of TDR status		—		—		—		—		—				—		—
Transfers to foreclosed properties		—		—		—		—		—		—		—		—
Transfers to nonaccrual		—		—		—		—		—		—		—		—
Transfers from accrual		—		—		—		—		—		—		—		—
Transfers out of nonaccrual		—		—		—		—		—		—		—		—
Ending balance	$	—	$	195,924	$	—	$	—	$	—	$	—	$	—	$	195,924