Loans and Allowance for Loan Losses (Tables)

3 Months Ended

Sep. 30, 2020


	September 30, 2020		June 30, 2020
Construction, land, development	$	3,619,835	$	4,598,382
1-4 family owner occupied		92,578,159		100,506,311
1-4 family non-owner occupied		20,831,506		21,213,680
Multifamily		82,503,675		76,444,156
Commercial owner occupied		6,588,790		6,733,183
Commercial non-owner occupied		20,620,785		20,237,534
Consumer and installment loans		7,523,341		8,920,659

Total loans		234,266,091		238,653,905
Less:
Allowance for loan losses		(1,353,484)		(1,353,427)

Loans, net	$	232,912,607	$	237,300,478

Schedule of non-performing loans


	September 30, 2020		June 30, 2020
Nonaccrual Loans	$	1,270,695	$	1,341,174
Total non-performing loans	$	1,270,695	$	1,341,174

Restructured loans, accruing	$	—	$	—
Total impaired loans	$	1,270,695	$	1,341,174

Schedule of impaired loans


	September 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
With related allowance recorded
Recorded investment	$	—	$	162,455	$	—	$	—	$	173,316	$	—	$	102,036	$	437,807
Unpaid principal balance		—		162,455		—		—		173,316		—		102,036		437,807
Related allowance		—		66,048		—		—		54,334		—		60,155		180,537

With no related allowance recorded
Recorded investment	$	—	$	802,514	$		$	—	$	—	$	—	$	30,374	$	832,888
Unpaid principal balance		—		802,514				—		—		—		30,374		832,888
Related allowance		—		—		—		—		—		—		—		—

Total
Recorded investment	$	—	$	964,969	$	—	$	—	$	173,316	$	—	$	132,410	$	1,270,695
Unpaid principal balance		—		964,969		—		—		173,316		—		132,410		1,270,695
Related allowance		—		66,048		—		—		54,334		—		60,155		180,537

	Three Months Ended September 30, 2020
Average recorded balance	$	—	$	965,118	$	14,393	$	—	$	180,082	$	—	$	130,309	$	1,289,902
																—
Interest income recognized while impaired	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Interest income recognized on a cash basis while impaired		—		3,388		—		—		11,451		—		—		14,839
Total interest on impaired loans	$	—	$	3,388	$	—	$	—	$	11,451	$	—	$	—	$	14,839


	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
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


	September 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	$	—	$	—	$	—	$	—	$	192,285	$	—	$	112,146	$	304,431
Unpaid principal balance		—		—		—		—		192,285		—		112,146		304,431
Related allowance		—		—		—		—		74,737		—		61,379		136,116

With no related allowance recorded
Recorded investment	$	—	$	892,031	$	—	$	—	$	—	$	—	$	—	$	892,031
Unpaid principal balance		—		892,031		—		—		—		—		—		892,031
Related allowance		—		—		—		—		—		—		—		—

Total
Recorded investment	$	—	$	892,031	$	—	$	—	$	192,285	$	—	$	112,146	$	1,196,462
Unpaid principal balance		—		892,031		—		—		192,285		—		112,146		1,196,462
Related allowance		—		—		—		—		74,737		—		61,379		136,116

	Three Months Ended September 30, 2019
Average recorded balance	$	—	$	1,219,643	$	4,951	$	—	$	192,936	$	—	$	121,765	$	1,539,295

Interest income recognized while impaired	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Interest income recognized on a cash basis while impaired		—		4,792		298		—		3,303		—		—		8,393
Total interest in impaired loans	$	—	$	4,792	$	298	$	—	$	3,303	$	—	$	—	$	8,393

Schedule of loans by risk rating


	September 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	$	3,619,835	$	91,371,716	$	20,831,506	$	82,503,675	$	5,257,598	$	12,761,112	$	7,390,931	$	223,736,373
5		—		241,474		—		—		1,157,876		7,859,673		—		9,259,023
6		—		591,117		—		—		173,316		—		56,242		820,675
7		—		373,852		—		—		—		—		76,168		450,020
Total	$	3,619,835	$	92,578,159	$	20,831,506	$	82,503,675	$	6,588,790	$	20,620,785	$	7,523,341	$	234,266,091


	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
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

Schedule of aged analysis of past due loans


	September 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	$	—	$	1,743,094	$	42,100	$	—	$	—	$	—	$	—	$	1,785,194
60‑89 days, accruing		—		—		—		—		—		—		—		—
90 days & over or nonaccrual		—		964,969		—		—		173,316		—		132,410		1,270,695
Total	$	—	$	2,708,063	$	42,100	$	—	$	173,316	$	—	$	132,410	$	3,055,889


	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

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	$	—	$	195,924	$	—	$	—	$	—	$		$	—	$	195,924
Transfer to other loan category		—		—		—		—		—		—		—		—
Principal payments		—		(2,304)		—		—		—		—		—		(2,304)
Charge-offs		—		—		—		—		—		—		—		—
Sales		—		—		—		—		—		—		—		—
New restructureds		—		47,854		—		—		—		—		—		47,854
Transfers out of TDR status		—		—		—		—		—				—		—
Transfers to foreclosed properties		—		—		—		—		—		—		—		—
Transfers to nonaccrual		—		—		—		—		—		—		—		—
Transfers out of nonaccrual		—		—		—		—		—		—		—		—
Ending balance	$	—	$	241,474	$	—	$	—	$	—	$	—	$	—	$	241,474

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

Totals
Beginning balance	$	—	$	195,924	$	—	$	—	$	—	$		$	—	$	195,924
Transfer to other loan category		—		—		—		—		—		—		—		—
Principal payments		—		(2,304)		—		—		—		—		—		(2,304)
Charge-offs		—		—		—		—		—		—		—		—
Sales		—		—		—		—		—		—		—		—
New restructureds		—		47,854		—		—		—		—		—		47,854
Transfers out of TDR status		—		—		—		—		—				—		—
Transfers to foreclosed properties		—		—		—		—		—		—		—		—
Transfers to nonaccrual		—		—		—		—		—		—		—		—
Transfers from accrual		—		—		—		—		—		—		—		—
Transfers out of nonaccrual		—		—		—		—		—		—		—		—
Ending balance	$	—	$	241,474	$	—	$	—	$	—	$	—	$	—	$	241,474

Schedule of allowance for loan losses and recorded investment


	Three Months Ended September 30, 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 6/30/20	$	13,795	$	356,434	$	77,220	$	286,665	$	95,711	$	312,670	$	97,312	$	113,620	$	1,353,427
Charge-offs		—		—		—		—		—		—		(325)		—		(325)
Recoveries		—		—		—		—		—		—		382		—		382
Provision		(2,936)		(21,043)		(1,393)		63,976		(20,527)		16,232		(7,428)		(26,881)		—
Balance at 9/30/20	$	10,859	$	335,391	$	75,827	$	350,641	$	75,184	$	328,902	$	89,941	$	86,739	$	1,353,484

Allowance
Ending balance individually evaluated for impairment	$	—	$	66,048	$	—	$	—	$	54,334	$	—	$	60,155	$	—	$	180,537
Ending balance collectively evaluated for impairment		10,859		269,343		75,827		350,641		20,850		328,902		29,786		86,739		1,172,947
Ending balance	$	10,859	$	335,391	$	75,827	$	350,641	$	75,184	$	328,902	$	89,941	$	86,739	$	1,353,484
Loans
Ending balance individually evaluated for impairment	$	—	$	964,969	$	—	$	—	$	173,316	$	—	$	132,410	$	—	$	1,270,695
Ending balance collectively evaluated for impairment		3,619,835		91,613,190		20,831,506		82,503,675		6,415,474		20,620,785		7,390,931		—		232,995,396
Total loans	$	3,619,835	$	92,578,159	$	20,831,506	$	82,503,675	$	6,588,790	$	20,620,785	$	7,523,341	$	—	$	234,266,091
Less allowance	$	10,859	$	335,391	$	75,827	$	350,641	$	75,184	$	328,902	$	89,941	$	86,739	$	1,353,484
Total loans, net	$	3,608,976	$	92,242,768	$	20,755,679	$	82,153,034	$	6,513,606	$	20,291,883	$	7,433,400	$	(86,739)	$	232,912,607


	June 30, 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)		—		—		—		—		(45,157)		—		(102,729)
Recoveries		—		5,155		—		—		—		—		22,036		—		27,191
Provision		9,476		341,258		50,590		176,795		34,518		(425,696)		50,375		(102,316)		135,000
Balance at 9/30/19	$	13,795	$	356,434	$	77,220	$	286,665	$	95,711	$	312,670	$	97,312	$	113,620	$	1,353,427

Allowance
Ending balance individually evaluated for impairment	$	—	$	64,780	$	—	$	—	$	79,351	$	—	$	61,792	$	—	$	205,923
Ending balance collectively evaluated for impairment		13,795		291,654		77,220		286,665		16,360		312,670		35,520		113,620		1,147,504
Ending balance	$	13,795	$	356,434	$	77,220	$	286,665	$	95,711	$	312,670	$	97,312	$	113,620	$	1,353,427
Loans

Ending balance individually evaluated for impairment	$	—	$	965,734	$	57,574	$	—	$	189,249	$	—	$	128,617	$	—	$	1,341,174
Ending balance collectively evaluated for impairment		4,598,382		99,540,577		21,156,106		76,444,156		6,543,934		20,237,534		8,792,042		—		237,312,731
Total loans	$	4,598,382	$	100,506,311	$	21,213,680	$	76,444,156	$	6,733,183	$	20,237,534	$	8,920,659	$	—	$	238,653,905
Less allowance	$	13,795	$	356,434	$	77,220	$	286,665	$	95,711	$	312,670	$	97,312	$	113,620	$	1,353,427
Total loans, net	$	4,584,587	$	100,149,877	$	21,136,460	$	76,157,491	$	6,637,472	$	19,924,864	$	8,823,347	$	(113,620)	$	237,300,478


	Three Months Ended September 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	$	4,319	$	67,593	$	26,630	$	109,870	$	61,193	$	738,366	$	70,058	$	215,936	$	1,293,965
Charge-offs		—		—		—		—		—		—		(7,826)		—		(7,826)
Recoveries		—		335		—		—		—		—		200		—		535
Provision		1,351		(11,124)		(603)		1,242		29,884		34,820		10,076		(65,646)		—
Balance at 3/31/19	$	5,670	$	56,804	$	26,027	$	111,112	$	91,077	$	773,186	$	72,508	$	150,290	$	1,286,674

Allowance
Ending balance individually evaluated for impairment	$	—	$	—	$	—	$	—	$	74,737	$	—	$	61,379	$	—	$	136,116
Ending balance collectively evaluated for impairment		5,670		56,804		26,027		111,112		16,340		773,186		11,129		150,290		1,150,558
Ending balance	$	5,670	$	56,804	$	26,027	$	111,112	$	91,077	$	773,186	$	72,508	$	150,290	$	1,286,674
Loans

Ending balance individually evaluated for impairment	$	—	$	892,031	$	—	$	—	$	192,285	$	—	$	112,146	$	—	$	1,196,462
Ending balance collectively evaluated for impairment		5,670,043		113,611,576		20,493,732		74,074,709		8,170,283		19,604,096		9,593,664		—		251,218,103
Total loans	$	5,670,043	$	114,503,607	$	20,493,732	$	74,074,709	$	8,362,568	$	19,604,096	$	9,705,810	$	—	$	252,414,565
Less allowance	$	5,670	$	56,804	$	26,027	$	111,112	$	91,077	$	773,186	$	72,508	$	150,290	$	1,286,674
Total loans, net	$	5,664,373	$	114,446,803	$	20,467,705	$	73,963,597	$	8,271,491	$	18,830,910	$	9,633,302	$	(150,290)	$	251,127,891