Loans and Allowance for Loan Losses (Tables)

6 Months Ended

Dec. 31, 2021

Loans and Allowance for Loan Losses

Schedule of loan classifications

	December 31, 2021		June 30, 2021
Construction, land, development	$	9,760,179	$	2,458,461
1-4 family owner occupied		72,853,855		72,011,570
1-4 family non-owner occupied		25,508,136		22,368,557
Multifamily		100,199,616		91,876,323
Commercial owner occupied		6,135,242		6,405,226
Commercial non-owner occupied		14,046,851		14,182,106
Consumer and installment loans		6,998,578		7,530,197
Total loans		235,502,457		216,832,440
Less:
Allowance for loan losses		(1,487,823)		(1,412,489)
Loans, net	$	234,014,634	$	215,419,951

Schedule of non-performing loans

	December 31, 2021		June 30, 2021
Nonaccrual loans	$	756,272	$	793,141
Total non-performing loans	$	756,272	$	793,141
Restructured loans, accruing	$	—	$	—
Total impaired loans	$	756,272	$	793,141

Schedule of impaired loans

	December 31, 2021
	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	$	—	$	—	$	—	$	—	$	180,579	$	—	$	12,520	$	193,099
Unpaid principal balance		—		—		—		—		180,579		—		12,520		193,099
Related allowance		—		—		—		—		71,927		—		12,520		84,447
With no related allowance recorded		—
Recorded investment	$	—	$	557,688	$	—	$	—	$	—	$	—	$	5,485	$	563,173
Unpaid principal balance		—		557,688		—		—		—		—		5,485		563,173
Related allowance		—		—		—		—		—		—		—		—
Total
Recorded investment	$	—	$	557,688	$	—	$	—	$	180,579	$	—	$	18,005	$	756,272
Unpaid principal balance		—		557,688		—		—		180,579		—		18,005		756,272
Related allowance		—		—		—		—		71,927		—		12,520		84,447
	Three Months Ended December 31, 2021
Average recorded balance	$	—	$	501,535	$	—	$	—	$	181,092	$	—	$	19,287	$	701,914
Interest income recognized while impaired	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Interest income recognized on a cash basis while impaired		—		5,678		—		—		—		—		—		5,678
Total interest on impaired loans	$	—	$	5,678	$	—	$	—	$	—	$	—	$	—	$	5,678
	Six Months Ended December 31, 2021
Average recorded balance	$	—	$	496,253	$	—	$	—	$	181,621	$	—	$	20,691	$	698,565
Interest income recognized while impaired	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Interest income recognized on a cash basis while impaired		—		7,401		—		—		—		—		—		7,401
Total interest on impaired loans	$	—	$	7,401	$	—	$	—	$	—	$	—	$	—	$	7,401

	June 30, 2021
	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	$	—	$	—	$	—	$	—	$	182,532	$	—	$	23,133	$	205,665
Unpaid principal balance		—		—		—		—		182,532		—		23,133		205,665
Related allowance		—		—		—		—		65,626		—		23,133		88,759
With no related allowance recorded
Recorded investment	$	—	$	587,476	$	—	$	—	$	—	$	—	$	—	$	587,476
Unpaid principal balance		—		587,476		—		—		—		—		—		587,476
Related allowance		—		—		—		—		—		—		—		—
Total
Recorded investment	$	—	$	587,476	$	—	$	—	$	182,532	$	—	$	23,133	$	793,141
Unpaid principal balance		—		587,476		—		—		182,532		—		23,133		793,141
Related allowance		—		—		—		—		65,626		—		23,133		88,759
Average recorded balance	$	—	$	780,405	$	41,013	$	—	$	181,950	$	—	$	109,214	$	1,112,582
Interest income recognized while impaired	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Interest income recognized on a cash basis while impaired		—		20,084		—		—		—		—		—		20,084
Total interest on impaired loans	$	—	$	20,084	$	—	$	—	$	—	$	—	$	—	$	20,084

	December 31, 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	$	—	$	93,110	$	—	$	—	$	182,853	$	—	$	95,763	$	371,726
Unpaid principal balance		—		93,110		—		—		182,853		—		95,763		371,726
Related allowance		—		61,491		—		—		64,430		—		53,882		179,803
With no related allowance recorded
Recorded investment	$	—	$	799,428	$	79,265	$	—	$	—	$	—	$	30,374	$	909,067
Unpaid principal balance		—		799,428		79,265		—		—		—		30,374		909,067
Related allowance		—		—		—		—		—		—		—		—
Total
Recorded investment	$	—	$	892,538	$	79,265	$	—	$	182,853	$	—	$	126,137	$	1,280,793
Unpaid principal balance		—		892,538		79,265		—		182,853		—		126,137		1,280,793
Related allowance		—		61,491		—		—		64,430		—		53,882		179,803
	Three Months Ended December 31, 2020
Average recorded balance	$	—	$	911,182	$	19,816	$	—	$	180,387	$	—	$	130,024	$	1,241,409
Interest income recognized while impaired	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Interest income recognized on a cash basis while impaired		—		5,021		—		—		—		—		—		5,021
Total interest on impaired loans	$	—	$	5,021	$	—	$	—	$	—	$	—	$	—	$	5,021
	Six Months Ended December 31, 2020
Average recorded balance	$	—	$	934,319	$	19,548	$	—	$	181,222	$	—	$	129,846	$	1,264,935
Interest income recognized while impaired	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Interest income recognized on a cash basis while impaired		—		8,409		—		—		—		—		—		8,409
Total interest in impaired loans	$	—	$	8,409	$	—	$	—	$	—	$	—	$	—	$	8,409

Schedule of loans by risk rating

	December 31, 2021
	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	$	9,760,179	$	72,296,167	$	25,508,136	$	100,199,616	$	4,796,787	$	10,825,775	$	6,980,573	$	230,367,233
5		—		—		—		—		1,157,876		3,221,076		—		4,378,952
6		—		557,688		—		—		—		—		18,005		575,693
7		—		—		—		—		180,579		—		—		180,579
Total	$	9,760,179	$	72,853,855	$	25,508,136	$	100,199,616	$	6,135,242	$	14,046,851	$	6,998,578	$	235,502,457

	June 30, 2021
	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	$	2,458,461	$	71,319,957	$	22,368,557	$	91,876,323	$	5,064,818	$	10,917,142	$	7,507,064	$	211,512,322
5		—		104,137		—		—		1,157,876		3,264,964		—		4,526,977
6		—		587,476		—		—		182,532		—		23,133		793,141
7		—		—		—		—		—		—		—		—
Total	$	2,458,461	$	72,011,570	$	22,368,557	$	91,876,323	$	6,405,226	$	14,182,106	$	7,530,197	$	216,832,440

Schedule of aged analysis of past due loans

	December 31, 2021
	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	$	—	$	250,352	$	—	$	—	$	—	$	—	$	—	$	250,352
60‑89 days, accruing		—		226,894		—		—		—		—		—		226,894
90 days & over or nonaccrual		—		557,688		—		—		180,579		—		18,005		756,272
Total	$	—	$	1,034,934	$	—	$	—	$	180,579	$	—	$	18,005	$	1,233,518

	June 30, 2021
	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	$	—	$	535,696	$	—	$	—	$	—	$	—	$	—	$	535,696
60‑89 days, accruing		—		—		—		—		—		—		—		—
90 days & over or nonaccrual		—		587,476		—		—		182,532		—		23,133		793,141
Total	$	—	$	1,123,172	$	—	$	—	$	182,532	$	—	$	23,133	$	1,328,837

Schedule of TDRs

	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 June 30, 2021	$	—	$	104,137	$	—	$	—	$	—	$	—	$	—	$	104,137
Transfer to other loan category		—		—		—		—		—		—		—		—
Principal payments		—		(610)		—		—		—		—		—		(610)
Charge-offs		—		—		—		—		—		—		—		—
Sales		—		—		—		—		—		—		—		—
New restructureds		—		—		—		—		—		—		—		—
Transfers out of TDR status		—		(48,217)		—		—		—		—		—		(48,217)
Transfers to foreclosed properties		—		—		—		—		—		—		—		—
Transfers to nonaccrual		—		(55,310)		—		—		—		—		—		(55,310)
Transfers out of nonaccrual		—		—		—		—		—		—		—		—
Ending balance	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Nonaccrual
Beginning balance	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Principal payments		—		—		—		—		—		—		—		—
Charge-offs		—		—		—		—		—		—		—		—
Sales		—		—		—		—		—		—		—		—
Transfers to foreclosed properties		—		—		—		—		—		—		—		—
Transfers from accrual		—		—		—		—		—		—		—		—
Transfers to accrual		—		—		—		—		—		—		—		—
Ending balance	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Totals
Beginning balance	$	—	$	104,137	$	—	$	—	$	—	$	—	$	—	$	104,137
Transfer to other loan category		—		—		—		—		—		—		—		—
Principal payments		—		(610)		—		—		—		—		—		(610)
Charge-offs		—		—		—		—		—		—		—		—
Sales		—		—		—		—		—		—		—		—
New restructureds		—		—		—		—		—		—		—		—
Transfers out of TDR status		—		(48,217)		—		—		—		—		—		(48,217)
Transfers to foreclosed properties		—		—		—		—		—		—		—		—
Transfers to nonaccrual		—		(55,310)		—		—		—		—		—		(55,310)
Transfers from accrual		—		—		—		—		—		—		—		—
Transfers out of nonaccrual		—		—		—		—		—		—		—		—
Ending balance	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—

Schedule of allowance for loan losses and recorded investment

	Three Months Ended December 31, 2021
	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 9/30/21	$	36,317	$	339,916	$	100,119	$	484,106	$	101,647	$	218,697	$	61,871	$	120,216	$	1,462,889
Charge-offs		—		—		—		—		—		—		(207)		—		(207)
Recoveries		—		—		—		—		—		—		141		—		141
Provision		10,044		14,335		27,422		41,942		4,519		(39,599)		(7,192)		(26,471)		25,000
Balance at 12/31/21	$	46,361	$	354,251	$	127,541	$	526,048	$	106,166	$	179,098	$	54,613	$	93,745	$	1,487,823
	Six Months Ended December 31, 2021
	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 6/30/21	$	11,063	$	326,408	$	115,645	$	459,382	$	99,851	$	230,459	$	66,523	$	103,158	$	1,412,489
Charge-offs		—		—		—		—		—		—		(207)		—		(207)
Recoveries		—		—		—		—		—		—		541		—		541
Provision		35,298		27,843		11,896		66,666		6,315		(51,361)		(12,244)		(9,413)		75,000
Balance at 12/31/21	$	46,361	$	354,251	$	127,541	$	526,048	$	106,166	$	179,098	$	54,613	$	93,745	$	1,487,823
Allowance
Ending balance individually evaluated for impairment	$	—	$	—	$	—	$	—	$	71,927	$	—	$	12,520	$	—	$	84,447
Ending balance collectively evaluated for impairment		46,361		354,251		127,541		526,048		34,239		179,098		42,093		93,745		1,403,376
Ending balance	$	46,361	$	354,251	$	127,541	$	526,048	$	106,166	$	179,098	$	54,613	$	93,745	$	1,487,823
Loans
Ending balance individually evaluated for impairment	$	—	$	557,688	$	—	$	—	$	180,579	$	—	$	18,005	$	—	$	756,272
Ending balance collectively evaluated for impairment		9,760,179		72,296,167		25,508,136		100,199,616		5,954,663		14,046,851		6,980,573		—		234,746,185
Total loans	$	9,760,179	$	72,853,855	$	25,508,136	$	100,199,616	$	6,135,242	$	14,046,851	$	6,998,578	$	—	$	235,502,457
Less allowance	$	46,361	$	354,251	$	127,541	$	526,048	$	106,166	$	179,098	$	54,613	$	93,745	$	1,487,823
Total loans, net	$	9,713,818	$	72,499,604	$	25,380,595	$	99,673,568	$	6,029,076	$	13,867,753	$	6,943,965	$	(93,745)	$	234,014,634

	June 30, 2021
	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		—		(61,491)		—		—		—		—		(29,994)		—		(91,485)
Recoveries		—		—		—		—		—		—		547		—		547
Provision		(2,732)		31,465		38,425		172,717		4,140		(82,211)		(1,342)		(10,462)		150,000
Balance at 6/30/21	$	11,063	$	326,408	$	115,645	$	459,382	$	99,851	$	230,459	$	66,523	$	103,158	$	1,412,489
Allowance
Ending balance individually evaluated for impairment	$	—	$	—	$	—	$	—	$	65,626	$	—	$	23,133	$	—	$	88,759
Ending balance collectively evaluated for impairment		11,063		326,408		115,645		459,382		34,225		230,459		43,390		103,158		1,323,730
Ending balance	$	11,063	$	326,408	$	115,645	$	459,382	$	99,851	$	230,459	$	66,523	$	103,158	$	1,412,489
Loans
Ending balance individually evaluated for impairment	$	—	$	587,476	$	—	$	—	$	182,532	$	—	$	23,133	$	—	$	793,141
Ending balance collectively evaluated for impairment		2,458,461		71,424,094		22,368,557		91,876,323		6,222,694		14,182,106		7,507,064		—		216,039,299
Total loans	$	2,458,461	$	72,011,570	$	22,368,557	$	91,876,323	$	6,405,226	$	14,182,106	$	7,530,197	$	—	$	216,832,440
Less allowance	$	11,063	$	326,408	$	115,645	$	459,382	$	99,851	$	230,459	$	66,523	$	103,158	$	1,412,489
Total loans, net	$	2,447,398	$	71,685,162	$	22,252,912	$	91,416,941	$	6,305,375	$	13,951,647	$	7,463,674	$	(103,158)	$	215,419,951

	Three Months Ended December 31, 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 9/30/20	$	10,859	$	335,391	$	75,827	$	350,641	$	75,184	$	328,902	$	89,941	$	86,739	$	1,353,484
Charge-offs		—		—		—		—		—		—		—		—		—
Recoveries		—		—		—		—		—		—		7		—		7
Provision		389		(16,619)		11,525		48,824		11,266		11,745		(3,096)		(14,034)		50,000
Balance at 12/31/20	$	11,248	$	318,772	$	87,352	$	399,465	$	86,450	$	340,647	$	86,852	$	72,705	$	1,403,491
	Six Months Ended December 31, 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		—		—		—		—		—		—		389		—		389
Provision		(2,547)		(37,662)		10,132		112,800		(9,261)		27,977		(10,524)		(40,915)		50,000
Balance at 12/31/20	$	11,248	$	318,772	$	87,352	$	399,465	$	86,450	$	340,647	$	86,852	$	72,705	$	1,403,491
Allowance
Ending balance individually evaluated for impairment	$	—	$	61,491	$	—	$	—	$	64,430	$	—	$	53,882	$	—	$	179,803
Ending balance collectively evaluated for impairment		11,248		257,281		87,352		399,465		22,020		340,647		32,970		72,705		1,223,688
Ending balance	$	11,248	$	318,772	$	87,352	$	399,465	$	86,450	$	340,647	$	86,852	$	72,705	$	1,403,491
Loans
Ending balance individually evaluated for impairment	$	—	$	892,538	$	79,265	$	—	$	182,853	$	—	$	126,137	$	—	$	1,280,793
Ending balance collectively evaluated for impairment		3,460,986		84,354,539		22,513,372		88,769,856		6,291,455		19,679,205		7,703,126		—		232,772,539
Total loans	$	3,460,986	$	85,247,077	$	22,592,637	$	88,769,856	$	6,474,308	$	19,679,205	$	7,829,263	$	—	$	234,053,332
Less allowance	$	11,248	$	318,772	$	87,352	$	399,465	$	86,450	$	340,647	$	86,852	$	72,705	$	1,403,491
Total loans, net	$	3,449,738	$	84,928,305	$	22,505,285	$	88,370,391	$	6,387,858	$	19,338,558	$	7,742,411	$	(72,705)	$	232,649,841