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Fair Value of Financial Instruments - Estimated fair values of financial instruments (Details) - USD ($)
Jun. 30, 2020
Jun. 30, 2019
FINANCIAL ASSETS    
Interest bearing deposits in banks $ 2,713,164 $ 3,674,015
Available for sale securities 20,297,595 20,542,118
Loans, net 237,300,478 259,873,403
Loans held for sale 18,690,027 7,079,548
Federal Home Loan Bank stock 1,345,500 2,061,000
Accrued interest receivable 933,729 1,000,098
FINANCIAL LIABILITIES    
Deposits 256,071,531 234,561,459
Federal Home Loan Bank borrowings 9,000,000 44,200,000
Accrued interest payable 14,008,786 5,882,086
Carrying Value    
FINANCIAL ASSETS    
Cash and cash equivalents 13,106,041 5,630,770
Interest bearing deposits in banks 2,713,164 3,674,015
Available for sale securities 20,297,595 20,542,118
Loans, net 237,300,478 259,873,403
Loans held for sale 18,690,027 7,079,548
Federal Home Loan Bank stock 1,345,500 2,061,000
Accrued interest receivable 933,729 1,000,098
FINANCIAL LIABILITIES    
Deposits 256,071,531 234,561,459
Federal Home Loan Bank borrowings 9,000,000 44,200,000
Accrued interest payable 56,726 59,489
Fair Value    
FINANCIAL ASSETS    
Cash and cash equivalents 13,106,041 5,630,770
Interest bearing deposits in banks 2,713,164 3,674,015
Available for sale securities 20,297,595 20,542,118
Loans, net 247,100,558 256,666,403
Loans held for sale 18,690,027 7,079,548
Federal Home Loan Bank stock 1,345,500 2,061,000
Accrued interest receivable 933,729 1,000,098
FINANCIAL LIABILITIES    
Deposits 251,928,460 217,705,000
Federal Home Loan Bank borrowings 9,000,000 44,200,000
Accrued interest payable $ 56,726 $ 59,489