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Consolidated Balance Sheets - USD ($)
Jun. 30, 2022
Jun. 30, 2021
Assets    
Cash and due from banks $ 2,418,041 $ 1,989,643
Federal funds sold 6,010,000 44,059,000
Cash and cash equivalents 8,428,041 46,048,643
Interest bearing deposits held in other financial institutions 1,945,073 2,062,463
Debt securities available for sale 10,617,238 10,909,764
Debt securities held to maturity, at amortized cost (fair value $419,000 and $770,438) 532,363 708,949
Loans, net of allowance of $2,195,050 and $2,186,182, respectively 185,629,872 144,169,318
Interest receivable 565,929 552,516
Investment in restricted stock, at cost 323,000 262,200
Cash surrender value life insurance 9,193,315 5,968,734
Premises and equipment, net 1,676,060 1,849,917
Deferred tax asset 96,820 269,715
Other assets 1,010,869 825,081
Total assets 220,018,580 213,627,300
Deposits    
Non-interest bearing 23,698,115 23,633,008
Interest bearing 164,402,333 148,323,109
Paycheck protection program lending facility (PPPLF) funding   10,372,148
Other liabilities 1,175,565 1,449,884
Total liabilities 189,276,013 183,778,149
Stockholders' Equity    
Preferred stock, $.01 par value, 5,000,000 shares authorized, none issued
Common stock, $.01 par value, 20,000,000 shares authorized, 2,269,700 and 2,229,497 shares issued and outstanding at June 30, 2022 and 2021 22,295 22,295
Additional paid-in capital 8,487,400 8,484,019
Retained earnings 23,423,432 22,088,669
Unearned ESOP shares, at cost (821,531) (866,499)
Accumulated other comprehensive (loss) income (369,029) 120,667
Total stockholders' equity 30,742,567 29,849,151
Total liabilities and stockholders' equity $ 220,018,580 $ 213,627,300