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CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 30, 2022
Jun. 30, 2022
Assets    
Cash and due from banks $ 2,881,563 $ 2,418,041
Federal funds sold 15,019,000 6,010,000
Cash and cash equivalents 17,900,563 8,428,041
Interest bearing deposits held in other financial institutions 306,513 1,945,073
Debt securities available for sale 10,089,176 10,617,238
Debt securities held to maturity, at amortized cost (fair value $383,742 and $419,000) 526,517 532,363
Loans, net of allowance of $2,058,869 and $2,195,050, respectively 193,399,479 185,629,872
Interest receivable 553,963 565,929
Investment in restricted stock, at cost 770,273 323,000
Cash surrender value life insurance 8,781,852 9,193,315
Premises and equipment, net 2,359,938 1,676,060
Deferred tax asset 65,171 96,820
Other assets 1,039,257 1,010,869
Total assets 235,792,702 220,018,580
Deposits    
Non-interest bearing 26,412,999 23,698,115
Interest bearing 161,339,716 164,402,333
Total deposits 187,752,715 188,100,448
Federal Home Loan Bank (FHLB) advances 14,000,000  
Other liabilities 2,869,843 1,175,565
Total liabilities 204,622,558 189,276,013
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 shares issued and outstanding at September 30, 2022 and June 30, 2022, respectively 22,295 22,295
Additional paid-in capital 8,522,894 8,487,400
Retained earnings 23,934,585 23,423,432
Unearned ESOP shares, at cost (812,791) (821,531)
Accumulated other comprehensive income (496,839) (369,029)
Total stockholders' equity 31,170,144 30,742,567
Total liabilities and stockholders' equity $ 235,792,702 $ 220,018,580