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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
3 Months Ended 6 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2022
Dec. 31, 2021
Interest Income        
Loans, including fees $ 2,022,138 $ 1,610,637 $ 3,933,538 $ 3,422,801
Debt securities 59,872 83,034 130,089 163,418
Other 163,452 8,540 208,978 19,515
Total interest income 2,245,462 1,702,211 4,272,605 3,605,734
Interest Expense        
Deposits 526,608 226,050 831,008 456,756
Borrowings and other 28,989 2,691 38,851 6,388
Total interest expense 555,597 228,741 869,859 463,144
Net Interest Income 1,689,865 1,473,470 3,402,746 3,142,590
Net Interest Income After Provision for Loan Losses 1,689,865 1,473,470 3,402,746 3,142,590
Non-Interest Income        
Service charges on deposit accounts 44,082 41,670 84,948 83,297
Mortgage banking income 54,653 172,100 136,243 358,066
Increase in cash value of life insurance 62,390 59,902 119,416 106,630
Gain on proceeds from life insurance death benefit     173,268  
Net gain on securities transactions 24,000 14,000 24,000 14,000
Other income 8,337 2,118 15,791 8,369
Total non-interest income 193,462 289,790 553,666 570,362
Non-Interest Expenses        
Salaries and employee benefits 831,677 741,210 1,663,544 1,566,350
Occupancy and equipment expenses 177,180 185,469 348,701 361,050
Data processing and office 99,484 104,496 186,534 201,304
Professional fees 188,841 172,057 373,908 329,534
Marketing expenses 33,549 27,623 51,355 42,662
Other expenses 159,691 147,930 311,651 276,987
Total non-interest expenses 1,490,422 1,378,785 2,935,693 2,777,887
Income Before Income Taxes 392,905 384,475 1,020,719 935,065
Provision for Income Taxes 91,505 99,610 208,166 233,109
Net Income $ 301,400 $ 284,865 $ 812,553 $ 701,956
Basic $ 0.14 $ 0.13 $ 0.38 $ 0.33
Diluted $ 0.14 $ 0.13 $ 0.38 $ 0.33
Weighted average number of common shares outstanding-basic 2,148,581 2,144,911 2,148,181 2,144,221
Weighted average number of common shares outstanding-diluted 2,152,910 2,144,911 2,151,841 2,144,221