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Loans (Tables)

12 Months Ended

Jun. 30, 2022

Loans and Leases Receivable Disclosure [Line Items]


	June 30, 2022		June 30, 2021
Commercial real estate	$	80,603,153	$	52,148,065
Commercial and industrial (1)		8,778,723		19,278,477
Construction		10,582,488		7,985,188
One-to-four-family residential		51,890,948		48,404,820
Multi-family real estate		33,944,903		17,268,048
Consumer		2,100,259		1,788,997
Total loans		187,900,474		146,873,595
Deferred loan fees		(75,552)		(518,095)
Allowance for loan losses		(2,195,050)		(2,186,182)
Loans, net	$	185,629,872	$	144,169,318

(1)	Paycheck protection loans represent $0 and $10,378,681 of the commercial and industrial loans as of June 30, 2022 and 2021.

Schedule of changes in the allowance for loan losses


	Commercial		Commercial				One-to-Four		MultiFamily
	Real Estate		and Industrial		Construction		Residential		Real Estate		Consumer		Unallocated		Total
June 30, 2022
Allowance for credit losses
Balance at beginning of year	$	1,036,301	$	157,533	$	59,649	$	409,395	$	134,216	$	4,896	$	384,192	$	2,186,182
Charge-offs		—		—		—		—		—		—		—		—
Recoveries		—		—		—		—		—		8,868		—		8,868
Provisions		555,343		(124,832)		(4,620)		(145,444)		99,155		(13,163)		(366,439)		—
Balance at June 30, 2022	$	1,591,644	$	32,701	$	55,029	$	263,951	$	233,371	$	601	$	17,753	$	2,195,050

Individually evaluated for impairment	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Collectively evaluated for impairment		1,591,644		32,701		55,029		263,951		233,371		601		17,753		2,195,050
Balance at end of period	$	1,591,644	$	32,701	$	55,029	$	263,951	$	233,371	$	601	$	17,753	$	2,195,050
Loans
Individually evaluated for impairment	$	—	$	—	$	—	$	193,385	$	—	$	—	$	—	$	193,385
Collectively evaluated for impairment		80,603,153		8,778,723		10,582,488		51,697,563		33,944,903		2,100,259		—		187,707,089
Balance at end of period	$	80,603,153	$	8,778,723	$	10,582,488	$	51,890,948	$	33,944,903	$	2,100,259	$	—	$	187,900,474


	Commercial		Commercial				One-to-Four		MultiFamily
June 30, 2021	Real Estate		and Industrial		Construction		Residential		Real Estate		Consumer		Unallocated		Total
Allowance for credit losses
Balance at beginning of period	$	274,997	$	1,021,083	$	43,858	$	339,449	$	10,057	$	2,003	$	8,530	$	1,699,977
Charge-offs		—		—		—		—		—		—		—		—
Recoveries		65,293		341,388		73,128		549		—		5,847		—		486,205
Provisions		696,011		(1,204,938)		(57,337)		69,397		124,159		(2,954)		375,662		—
Balance at June 30, 2021	$	1,036,301	$	157,533	$	59,649	$	409,395	$	134,216	$	4,896	$	384,192	$	2,186,182

Individually evaluated for impairment	$	—	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Collectively evaluated for impairment		1,036,301		157,533		59,649		409,395		134,216		4,896		384,192		2,186,182
Balance at end of period	$	1,036,301	$	157,533	$	59,649	$	409,395	$	134,216	$	4,896	$	384,192	$	2,186,182
Loans
Individually evaluated for impairment	$	223,983	$	—	$	—	$	315,440	$	—	$	—	$	—	$	539,423
Collectively evaluated for impairment		51,924,082		19,278,477		7,985,188		48,089,380		17,268,048		1,788,997		—		146,334,172
Balance at end of period	$	52,148,065	$	19,278,477	$	7,985,188	$	48,404,820	$	17,268,048	$	1,788,997	$	—	$	146,873,595

Summary of aging of the past due loans by loan class within the portfolio segments


	Still Accruing
	30-59 Days		60-89 Days		Over 90 Days		Nonaccrual
	Past Due		Past Due		Past Due		Balance
June 30, 2022
Commercial real estate	$	—	$	—	$	—	$	—
Commercial and industrial		—		—		—		—
Construction		—		—		—		—
One-to-four-family residential		70,485		—		50,818		63,785
Multi-family real estate		—		—		—		—
Consumer		—		—		—		—
Total	$	70,485	$	—	$	50,818	$	63,785


	Still Accruing
	30-59 Days		60-89 Days		Over 90 Days		Nonaccrual
	Past Due		Past Due		Past Due		Balance
June 30, 2021
Commercial real estate	$	—	$	—	$	—	$	—
Commercial and industrial		—		—		—		—
Construction		—		—		—		—
One-to-four-family residential		30,165		3,635		—		178,394
Multi-family real estate		—		—		—		—
Consumer		15,119		—		—		—
Total	$	45,284	$	3,635	$	—	$	178,394

Summary of individually impaired loans by class of loans


			Unpaid				Average		Interest
	Recorded		Principal		Related		Recorded		Income
	Investment		Balance (1)		Allowance		Investment		Recognized
June 30, 2022
With no related allowance recorded
One-to-four-family residential	$	193,385	$	193,385	$	—	$	199,080	$	13,428
	$	193,385	$	193,385	$	—	$	199,080	$	13,428

Unpaid

Average

Interest

Recorded

Principal

Related

Recorded

Income

Investment

Balance (1)

Allowance

Investment

Recognized

With an allowance recorded

One-to-four-family residential

—

(1)	Represents the borrower's loan obligation, gross of any previously charged-off amounts.


			Unpaid				Average		Interest
	Recorded		Principal		Related		Recorded		Income
	Investment		Balance (1)		Allowance		Investment		Recognized
June 30, 2021
With no related allowance recorded
Commercial real estate	$	223,983	$	242,050	$	—	$	228,710	$	14,628
One-to-four-family residential		315,440		355,019		—		334,581		20,763
	$	539,423	$	597,069	$	—	$	563,291	$	35,391

Unpaid

Average

Interest

Recorded

Principal

Related

Recorded

Income

Investment

Balance (1)

Allowance

Investment

Recognized

With an allowance recorded

Commercial real estate

—

One-to-four-family residential

—

(1)	Represents the borrower's loan obligation, gross of any previously charged-off amounts.

Commercial Real Estate And Commercial Portfolio

Loans and Leases Receivable Disclosure [Line Items]

Summary of credit quality information by loan portfolio


			Special Mention/
	Pass		Watch		Substandard		Doubtful			Total
June 30, 2022
Commercial real estate	$	79,214,378	$	1,388,775	$	—	$	—	$	80,603,153
Commercial and industrial		8,778,723		—		—		—		8,778,723
Construction		10,582,488		—		—		—		10,582,488
	$	98,575,589	$	1,388,775	$	—	$	—	$	99,964,364


			Special Mention/
	Pass		Watch		Substandard		Doubtful			Total
June 30, 2021
Commercial real estate	$	51,924,082	$	223,983	$	—	$	—	$	52,148,065
Commercial and industrial		14,245,538		5,032,939		—		—		19,278,477
Construction		7,985,188		—		—		—		7,985,188
	$	74,154,808	$	5,256,922	$	—	$	—	$	79,411,730

Residential Real Estate And Consumer Portfolio

Loans and Leases Receivable Disclosure [Line Items]

Summary of credit quality information by loan portfolio


	Performing		Nonperforming			Total
June 30, 2022
One-to-four-family residential	$	51,827,163	$	63,785	$	51,890,948
Multi-family real estate		33,944,903		—		33,944,903
Consumer		2,100,259		—		2,100,259
	$	87,872,325	$	63,785	$	87,936,110


	Performing		Nonperforming			Total
June 30, 2021
One-to-four-family residential	$	48,226,426	$	178,394	$	48,404,820
Multi-family real estate		17,268,048		—		17,268,048
Consumer		1,788,997		—		1,788,997
	$	67,283,471	$	178,394	$	67,461,865