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

September 30,

June 30,

    

2022

    

2022

Available for sale debt securities, at fair value

$

10,089,176

$

10,617,238

Held to maturity debt securities, at amortized cost

526,517

532,363

$

10,615,693

$

11,149,601

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

September 30, 2022

Available for sale debt securities

States and municipalities

$

940,100

$

24,706

$

(18,363)

$

946,443

Mortgage-backed

 

2,602,734

 

24,857

 

(136,854)

 

2,490,737

Corporate bonds

 

7,161,541

 

 

(509,545)

 

6,651,996

$

10,704,375

$

49,563

$

(664,762)

$

10,089,176

Held to maturity debt securities

 

  

 

  

 

  

 

  

Mortgage-backed

$

526,517

$

$

(142,775)

$

383,742

    

    

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

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

September 30, 2022

 

  

 

  

 

  

 

  

Due in one year or less

$

60,000

$

59,542

$

$

Due from more than one to five years

 

3,381,685

 

3,279,527

 

 

Due from more than five to ten years

 

4,659,956

 

4,259,370

 

 

 

8,101,641

 

7,598,439

 

 

Mortgage-backed securities

 

2,602,734

 

2,490,737

 

526,517

 

383,742

$

10,704,375

$

10,089,176

$

526,517

$

383,742

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

September 30, 2022

 

  

 

  

 

  

 

  

 

  

 

  

Available for sale debt securities

 

  

 

  

 

  

 

  

 

  

 

  

States and municipalities

$

(17,905)

$

766,778

$

(458)

$

59,542

$

(18,363)

$

826,320

Mortgage-backed

 

(119,823)

 

2,225,270

 

(17,031)

 

96,648

 

(136,854)

 

2,321,918

Corporate bonds

 

(427,837)

 

5,653,748

 

(81,708)

 

995,395

 

(509,545)

 

6,649,143

$

(565,565)

$

8,645,796

$

(99,197)

$

1,151,585

$

(664,762)

$

9,797,381

Held to maturity debt securities

 

  

 

  

 

  

 

  

 

  

 

  

Mortgage-backed securities

$

(142,775)

$

383,742

$

$

$

(142,775)

$

383,742

    

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