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Consolidated Statements of Comprehensive Income - USD ($)
12 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Consolidated Statements of Comprehensive Income    
Net Income $ 1,672,070 $ 1,334,763
Unrealized losses on available for sale debt securities    
Unrealized holding loss arising during the period (556,318) (682,767)
Tax effect 152,142 186,050
Net amount (404,176) (496,717)
Reclassification adjustment for gains included in net income (b) [1] (24,000) (14,000)
Tax effect 6,538 3,815
Net amount (17,462) (10,185)
Amortization of unrealized losses on debt securities transferred from available for sale to held to maturity (a) [2] 5,810 17,206
Other comprehensive loss (415,828) (489,696)
Comprehensive Income $ 1,256,242 $ 845,067
[1] The reclassification adjustment is reflected in the Consolidated Statement of Income as Net Gain on Securities
[2] The reclassification adjustment is reflected in the Consolidated Statement of Income as Interest Income - Debt Securities.