Debt Securities (Tables)

9 Months Ended

Mar. 31, 2022

Debt Securities

Schedule of carrying value of securities

	March 31,				June 30,
		2022		2021
Available for sale debt securities, at fair value		$	11,216,706	$	10,909,764
Held to maturity debt securities, at amortized cost			552,174		708,949
		$	11,768,880	$	11,618,713

Schedule of amortized cost and fair value of debt securities, with gross unrealized gains and losses

			Gross			Gross
	Amortized		Unrealized		Unrealized
	Cost		Gains		Losses		Fair Value
March 31, 2022
Available for sale debt securities
States and municipalities	$	1,114,935	$	29,033	$	(1,940)	$	1,142,028
Mortgage-backed		3,124,340		41,535		(47,762)		3,118,113
Corporate bonds		7,197,758		—		(241,193)		6,956,565
	$	11,437,033	$	70,568	$	(290,895)	$	11,216,706
Held to maturity debt securities
Mortgage-backed	$	552,174	$	—	$	(32,653)	$	519,521

			Gross		Gross
	Amortized		Unrealized		Unrealized
	Cost		Gains		Losses		Fair Value
June 30, 2021
Available for sale debt securities
States and municipalities	$	1,830,603	$	60,403	$	(3,999)	$	1,887,007
Mortgage-backed		4,557,465		165,976		(11,873)		4,711,568
Corporate bonds		4,261,638		79,251		(29,700)		4,311,189
	$	10,649,706	$	305,630	$	(45,572)	$	10,909,764
Held to maturity debt securities
Mortgage-backed	$	708,949	$	61,489	$	—	$	770,438

Schedule of debt securities by contractual maturity

	Available for Sale Debt Securities				Held to Maturity Debt Securities
	Amortized		Fair		Amortized		Fair
	Cost		Value		Cost		Value
March 31, 2022
Due in one year or less	$	234,970	$	233,272	$	—	$	—
Due from more than one to five years		4,497,723		4,425,118		—		—
Due from more than five to ten years		3,580,000		3,440,203		—		—
		8,312,693		8,098,593		—		—
Mortgage-backed securities		3,124,340		3,118,113		552,174		519,521
	$	11,437,033	$	11,216,706	$	552,174	$	519,521

Schedule of securities in continuous unrealized loss position

	Less than 12 Months				12 Months or More				Total
	Gross				Gross				Gross
	Unrealized				Unrealized				Unrealized
	Losses		Fair Value		Losses		Fair Value		Losses		Fair Value
March 31, 2022
Available for sale debt securities
States and municipalities	$	(6)	$	64,994	$	(1,934)	$	58,066	$	(1,940)	$	123,060
Mortgage-backed		(37,062)		2,310,644		(10,700)		111,081		(47,762)		2,421,725
Corporate bonds		(241,193)		6,956,565		—		—		(241,193)		6,956,565
	$	(278,261)	$	9,332,203	$	(12,634)	$	169,147	$	(290,895)	$	9,501,350
Held to maturity debt securities
Mortgage-backed securities	$	(32,653)	$	519,521	$	—	$	—	$	(32,653)	$	519,521

	Less than 12 Months				12 Months or More				Total
	Gross				Gross				Gross
	Unrealized				Unrealized				Unrealized
	Losses		Fair Value		Losses		Fair Value		Losses		Fair Value
June 30, 2021
Available for sale debt securities
States and municipalities	$	—	$	—	$	(3,999)	$	91,001	$	(3,999)	$	91,001
Mortgage-backed		(3,760)		181,380		(8,113)		159,437		(11,873)		340,817
Corporate bonds		(29,700)		1,080,463		—		—		(29,700)		1,080,463
	$	(33,460)	$	1,261,843	$	(12,112)	$	250,438	$	(45,572)	$	1,512,281
Held to maturity debt securities
Mortgage-backed securities	$	—	$	—	$	—	$	—	$	—	$	—