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CONSOLIDATED BALANCE SHEETS - USD ($)
Mar. 31, 2022
Jun. 30, 2021
Assets    
Cash and due from banks $ 1,736,677 $ 1,989,643
Federal funds sold 29,462,000 44,059,000
Cash and cash equivalents 31,198,677 46,048,643
Interest bearing deposits held in other financial institutions 1,333,204 2,062,463
Debt securities available for sale 11,216,706 10,909,764
Debt securities held to maturity, at amortized cost (fair value $519,521 and $770,438) 552,174 708,949
Loans, net of allowance of $2,194,234 and $2,186,182, respectively 163,809,742 144,169,318
Interest receivable 505,737 552,516
Investment in restricted stock, at cost 262,200 262,200
Cash surrender value life insurance 9,133,181 5,968,734
Premises and equipment, net 1,721,754 1,849,917
Deferred tax asset 141,142 269,715
Other assets 888,679 825,081
Total assets 220,763,196 213,627,300
Deposits    
Non-interest bearing 25,243,068 23,633,008
Interest bearing 163,748,541 148,323,109
Paycheck protection program lending facility (PPPLF) funding   10,372,148
Other liabilities 1,268,499 1,449,884
Total liabilities 190,260,108 183,778,149
Stockholders' Equity    
Preferred stock, $.01 par value, 5,000,000 shares authorized, none issued
Common stock, $.01 par value, 20,000,000 shares authorized, 2,229,497 shares issued and outstanding at March 31, 2022 and June 30, 2021, respectively 22,295 22,295
Additional paid-in capital 8,486,526 8,484,019
Retained earnings 23,039,451 22,088,669
Unearned ESOP shares, at cost (830,270) (866,499)
Accumulated other comprehensive income (214,914) 120,667
Total stockholders' equity 30,503,088 29,849,151
Total liabilities and stockholders' equity $ 220,763,196 $ 213,627,300