Loans (Tables)

12 Months Ended

Jun. 30, 2021


	June 30, 2021		June 30, 2020
Construction, land, development	$	2,458,461	$	4,598,382
1-4 family owner occupied		72,011,570		100,506,311
1-4 family non-owner occupied		22,368,557		21,213,680
Multifamily		91,876,323		76,444,156
Commercial owner occupied		6,405,226		6,733,183
Commercial non-owner occupied		14,182,106		20,237,534
Consumer and installment loans		7,530,197		8,920,659

Total loans		216,832,440		238,653,905
Less:
Allowance for loan losses		(1,412,489)		(1,353,427)

Loans, net	$	215,419,951	$	237,300,478

Schedule of non-performing loans


	June 30, 2021		June 30, 2020
Nonaccrual Loans	$	793,141	$	1,341,174
Total non-performing loans	$	793,141	$	1,341,174

Restructured loans, accruing	$	—	$	—
Total impaired loans	$	793,141	$	1,341,174

Schedule of impaired loans


	June 30, 2021
	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	$	—	$	—	$	—	$	—	$	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


	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

Schedule of loans by risk rating


	June 30, 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	$	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


	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


	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


	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

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, 2020	$	—	$	195,924	$	—	$	—	$	—	$	—	$	—	$	195,924
Transfer to other loan category		—		—		—		—		—		—		—		—
Principal payments		—		(4,868)		—		—		—		—		—		(4,868)
Charge-offs		—		—		—		—		—		—		—		—
Sales		—		—		—		—		—		—		—		—
New restructureds		—		104,375		—		—		—		—		—		104,375
Transfers out of TDR status		—		(191,294)		—		—		—				—		(191,294)
Transfers to foreclosed properties		—		—		—		—		—		—		—		—
Transfers to nonaccrual		—		—		—		—		—		—		—		—
Transfers out of nonaccrual		—		—		—		—		—		—		—		—
Ending balance	$	—	$	104,137	$	—	$	—	$	—	$	—	$	—	$	104,137

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		—		(4,868)		—		—		—		—		—		(4,868)
Charge-offs		—		—		—		—		—		—		—		—
Sales		—		—		—		—		—		—		—		—
New restructureds		—		104,375		—		—		—		—		—		104,375
Transfers out of TDR status		—		(191,294)		—		—		—				—		(191,294)
Transfers to foreclosed properties		—		—		—		—		—		—		—		—
Transfers to nonaccrual		—		—		—		—		—		—		—		—
Transfers from accrual		—		—		—		—		—		—		—		—
Transfers out of nonaccrual		—		—		—		—		—		—		—		—
Ending balance	$	—	$	104,137	$	—	$	—	$	—	$	—	$	—	$	104,137