XML 96 R83.htm IDEA: XBRL DOCUMENT v3.23.3
Parent Company Only Financial Information - Parent Only Condensed Statements of Cash Flows (Details) - USD ($)
12 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash flows from operating activities:    
Net Income $ 1,672,070 $ 1,334,763
Adjustments to reconcile net income to net cash from operating activities:    
Increase in other assets (21,880) (185,787)
Increase (decrease) in other liabilities 484,029 (274,319)
Net Cash from Operating Activities 1,989,129 825,532
Cash flows from investing activities:    
Net Cash used in Investing Activities (14,424,096) (44,218,317)
Cash flows from financing activities:    
Purchase and retirement of common stock (1,371,844)  
Net Cash from Financing Activities 15,782,014 5,772,183
Net Change in Cash and Cash Equivalents 3,347,047 (37,620,602)
Cash and Cash Equivalents, Beginning of Year 8,428,041 46,048,643
Cash and Cash Equivalents, End of Year 11,775,088 8,428,041
Parent    
Cash flows from operating activities:    
Net Income 1,672,070 1,334,763
Adjustments to reconcile net income to net cash from operating activities:    
Equity in undistributed income of bank (1,707,728) (1,382,752)
Increase in other assets (11,364) (23,542)
Increase (decrease) in other liabilities (81) 3,732
Net Cash from Operating Activities (47,103) (67,799)
Cash flows from investing activities:    
Principal payments on loan receivable-ESOP 23,734 30,825
Net Cash used in Investing Activities 23,734 30,825
Cash flows from financing activities:    
Purchase and retirement of common stock (1,371,844)  
Loan from subsidiary bank 1,395,213 36,974
Net Cash from Financing Activities 23,369 36,974
Cash and Cash Equivalents, Beginning of Year 3,374,104 3,374,104
Cash and Cash Equivalents, End of Year $ 3,374,104 $ 3,374,104