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Debt Securities (Tables)
12 Months Ended
Jun. 30, 2022
Debt Securities  
Schedule of carrying value of securities

June 30, 

2022

2021

Available for sale debt securities, at fair value

$

10,617,238

$

10,909,764

Held to maturity debt securities, at amortized cost

532,363

708,949

$

11,149,601

$

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

June 30, 2022

Available for sale debt securities

States and municipalities

$

1,050,034

$

25,395

$

(7,523)

$

1,067,906

Mortgage-backed

 

2,825,546

 

27,189

 

(113,681)

 

2,739,054

Corporate bonds

 

7,178,367

 

 

(368,089)

 

6,810,278

$

11,053,947

$

52,584

$

(489,293)

$

10,617,238

Held to maturity debt securities

 

  

 

  

 

  

 

  

Mortgage-backed

$

532,363

$

$

(113,363)

$

419,000

    

    

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 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

June 30, 2022

 

  

 

  

 

  

 

  

 

  

 

  

Available for sale debt securities

 

  

 

  

 

  

 

  

 

  

 

  

States and municipalities

$

(6,144)

$

688,504

$

(1,379)

$

58,621

$

(7,523)

$

747,125

Mortgage-backed

 

(98,106)

 

2,421,426

 

(15,575)

 

101,977

 

(113,681)

 

2,523,403

Corporate bonds

 

(302,991)

 

5,791,516

 

(65,098)

 

1,018,762

 

(368,089)

 

6,810,278

$

(407,241)

$

8,901,446

$

(82,052)

$

1,179,360

$

(489,293)

$

10,080,806

Held to maturity debt securities

 

  

 

  

 

  

 

  

 

  

 

  

Mortgage-backed securities

$

(113,363)

$

419,000

$

$

$

(113,363)

$

419,000

    

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

$

$

$

$

$

$

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

June 30, 2022

 

  

 

  

 

  

 

  

Due in one year or less

$

170,000

$

168,670

$

$

Due from more than one to five years

 

4,478,401

 

4,329,548

 

 

Due from more than five to ten years

 

3,580,000

 

3,379,966

 

 

 

8,228,401

 

7,878,184

 

 

Mortgage-backed securities

 

2,825,546

 

2,739,054

 

532,363

 

419,000

$

11,053,947

$

10,617,238

$

532,363

$

419,000