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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 30, 2021
Jun. 30, 2021
ASSETS    
Cash and due from banks $ 22,422,322 $ 5,577,965
Federal funds sold 15,823,766 43,799,524
Cash and cash equivalents 38,246,088 49,377,489
Interest bearing deposits in banks 342,294 326,245
Available for sale securities - stated at fair value 34,258,691 32,868,700
Loans, less allowance for loan losses of $1,462,889 and $1,412,489 at September 30, 2021 and June 30, 2021, respectively 225,611,409 215,419,951
Loans held for sale 7,829,305 6,866,900
Other real estate owned, net 167,590 167,590
Premises and equipment, net 7,948,259 7,912,493
Federal Home Loan Bank stock 1,031,200 1,031,200
Accrued interest receivable and other assets 1,770,077 1,731,234
TOTAL ASSETS 317,204,913 315,701,802
Deposits    
Demand 104,173,609 108,991,043
Savings and NOW 91,787,078 88,156,887
Certificates of deposit 71,862,849 72,738,385
Total Deposits 267,823,536 269,886,315
Federal Home Loan Bank borrowings 5,000,000 5,000,000
Advance payments by borrowers for property taxes and insurance 4,722,562 3,434,519
Accrued interest payable and other liabilities 6,081,602 4,257,101
Total Liabilities 283,627,700 282,577,935
STOCKHOLDERS' EQUITY    
Preferred stock ($0.01 par value, 5,000,000 authorized, no shares issued or outstanding as of September 30, 2021 and June 30, 2021, respectively)
Common stock ($0.01 par value, 20,000,000 authorized, 2,624,343 issued and outstanding as of September 30, 2021 and June 30, 2021) 26,243 26,243
Additional paid in capital 11,319,328 11,319,328
Retained earnings 24,012,506 23,388,455
Accumulated other comprehensive loss (1,780,864) (1,610,159)
Total Stockholders' Equity 33,577,213 33,123,867
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 317,204,913 $ 315,701,802