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Consolidated Statements of Income - USD ($)
12 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Interest Income    
Loans, including fees $ 6,758,834 $ 6,090,126
Debt securities 331,106 361,565
Other 67,202 32,463
Total interest income 7,157,142 6,484,154
Interest Expense    
Deposits 940,953 1,049,621
Borrowings and other 6,814 41,606
Total interest expense 947,767 1,091,227
Net Interest Income 6,209,375 5,392,927
Net Interest Income After Provision for Loan Losses 6,209,375 5,392,927
Non-Interest Income    
Service charges on deposit accounts 165,495 168,016
Mortgage banking income 689,334 1,527,087
Increase in cash value of life insurance 224,580 164,667
Net gain on securities transactions 14,000  
Gain on sale of foreclosed assets   10,840
Other income 24,938 25,051
Total non-interest income 1,118,347 1,895,661
Non-Interest Expenses    
Salaries and employee benefits 3,135,242 3,345,057
Occupancy and equipment expenses 710,842 670,954
Data processing and office 393,768 463,131
Professional fees 656,954 366,526
Marketing expenses 77,626 62,586
Debit card expenses 78,142 89,347
Directors fees 67,900 78,400
Other expenses 435,103 361,808
Total non-interest expenses 5,555,577 5,437,809
Income Before Income Taxes 1,772,145 1,850,779
Provision for Income Taxes 437,382 477,720
Net Income $ 1,334,763 $ 1,373,059
Net income per common shares-basic $ 0.62 $ 0.64
Net income per common shares-diluted $ 0.62 $ 0.64
Weighted average number of common shares outstanding-basic 2,145,095 2,142,474
Weighted average number of common shares outstanding-diluted 2,145,095 2,142,474