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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
12 Months Ended
Jun. 30, 2021
Jun. 30, 2020
INTEREST AND DIVIDEND INCOME    
Interest and fees on loans $ 9,878,788 $ 11,173,105
Interest and dividends on investment securities 607,612 656,909
Interest on federal funds sold 1,877 40,773
Interest on deposits in banks 865 8,298
Total Interest and Dividend Income 10,489,142 11,879,085
INTEREST EXPENSE    
Interest on deposits 1,264,092 1,824,544
Interest on Federal Home Loan Bank borrowings 6,806 397,726
Interest on federal funds purchased 264 308
Total Interest Expense 1,271,162 2,222,578
Net interest income before provision for loan losses 9,217,980 9,656,507
Provision for loan losses 150,000 135,000
Net interest income after provision for loan losses 9,067,980 9,521,507
NON-INTEREST INCOME    
Service fees on deposits 408,867 429,531
Service fees on loans 224,397 238,133
Gain on sales of mortgage loans 12,032,795 5,120,325
Income on sale of uninsured products 503,254 321,285
Net gain on sale of other real estate owned 33,066 117,657
Other income 25,081 20,439
Total Non-Interest Income 13,227,460 6,247,370
NON-INTEREST EXPENSES    
Compensation and benefits 10,000,197 8,503,018
Occupancy 2,121,311 1,969,002
Advertising 164,180 227,320
Data processing services 1,066,607 1,095,609
FDIC assessment 89,945 112,418
Cost of operations for other real estate owned 174,340 1,046,646
Insurance expense 115,950 156,312
Professional fees 524,787 488,803
Other expenses 1,652,136 1,077,650
Total Non-Interest Expenses 15,909,453 14,676,778
Income before income taxes 6,385,987 1,092,099
Income tax expense 0 0
NET INCOME $ 6,385,987 $ 1,092,099
Basic income per share $ 2.43 $ 0.42
Diluted income per share $ 2.43 $ 0.42