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

12 Months Ended

Jun. 30, 2023

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule Of Earnings (Loss) Per Share

The following is a reconciliation of the numerators and denominators of the basic and diluted EPS calculation for the year ended June 30, 2023 and the six months ended June 30, 2022, which reflects the period in which the Company had outstanding shares.

	For the Year Ended			For the Six Months Ended
(In thousands, except share and per share amounts)	June 30, 2023			June 30, 2022
Net income	$	1,446		$	442
Weighted average number of common shares outstanding		6,555,275			6,125,299
Less: Average unallocated ESOP shares		(245,823	)		(238,370	)
Less: Average non-vested restricted shares		(33,633	)		-
Weighted average number of common shares outstanding used to calculate basic earnings per common share		6,275,819			5,886,929
Dilutive effect of share-based compensation		55			-
Weighted average number of common shares outstanding used to calculate diluted earnings per common share		6,275,874			5,886,929
Earnings per common share
Basic	$	0.23		$	0.08
Diluted	$	0.23		$	0.08

Schedule of Accumulated Other Comprehensive Income (Loss)

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

	For the Year Ended
(Dollars in thousands)	June 30, 2023			June 30, 2022
Net unrealized losses on available for sale securities	$	(5	)	$	(24	)
Tax effect		2			7
Other comprehensive loss	$	(3	)	$	(17	)