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CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2022
Jun. 30, 2022
Assets    
Cash and due from banks $ 3,073,229 $ 2,418,041
Federal funds sold 16,384,000 6,010,000
Cash and cash equivalents 19,457,229 8,428,041
Interest bearing deposits held in other financial institutions 599,291 1,945,073
Debt securities available for sale 9,414,015 10,617,238
Debt securities held to maturity, at amortized cost (fair value $390,093 and $419,000) 521,228 532,363
Loans, net of allowance of $2,059,471 and $2,195,050, respectively 192,621,976 185,629,872
Interest receivable 607,402 565,929
Investment in restricted stock, at cost 770,273 323,000
Cash surrender value life insurance 8,844,242 9,193,315
Premises and equipment, net 2,285,431 1,676,060
Other assets 1,086,721 1,107,689
Total assets 236,207,808 220,018,580
Deposits    
Non-interest bearing 24,912,223 23,698,115
Interest bearing 178,111,965 164,402,333
Total deposits 203,024,188 188,100,448
Other liabilities 1,964,020 1,175,565
Total liabilities 204,988,208 189,276,013
Stockholders' Equity    
Preferred stock, $.01 par value, 5,000,000 shares authorized, none issued
Common stock, $.01 par value, 20,000,000 shares authorized, 2,262,919 and 2,269,700 shares issued and outstanding at December 31, 2022 and June 30, 2022, respectively 22,227 22,295
Additional paid-in capital 8,477,862 8,487,400
Retained earnings 24,235,985 23,423,432
Unearned ESOP shares, at cost (804,051) (821,531)
Accumulated other comprehensive loss (712,423) (369,029)
Total stockholders' equity 31,219,600 30,742,567
Total liabilities and stockholders' equity $ 236,207,808 $ 220,018,580