SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND NATURE OF BUSINESS (Tables)

12 Months Ended

Jun. 30, 2022

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule Of Earnings (Loss) Per Share

he following is a reconciliation of the numerators and denominators of the basic and diluted EPS calculation for the six months ended June 30, 2022, which reflects the period in which the Company had outstanding shares.

	Year Ended
Basic and diluted	June 30, 2022
Net Income	$	442
Weighted average common shares outstanding		6,125,299
Less: Average unallocated ESOP shares		(238,370	)
Average Shares		5,886,929
Basic earnings per common share	$	0.08

Schedule of Accumulated Other Comprehensive Income (Loss)

The components of accumulated other comprehensive income, included in stockholders' equity, are as follows:

	Year Ended June 30,
(Dollars in thousands)	2022			2021
Net unrealized gains on available for sale securities	$	56		$	24
Tax effect		(19	)		(7	)
	$	37		$	17