LOANS (Tables)

12 Months Ended

Jun. 30, 2023

Receivables [Abstract]

Schedule Of Loans And Lease Receivable

A summary of the balances of loans follows:

(In thousands)	June 30, 2023			June 30, 2022
Mortgage loans on real estate:
Residential:
1-4 family	$	140,109		$	141,073
Multifamily		12,638			14,310
Second mortgages and home equity lines of credit		2,699			1,970
Construction		-			375
Commercial		20,323			14,761
Total mortgage loans on real estate		175,769			172,489
Consumer loans:
Consumer		49			84
Home improvement		2,191			2,116
Total other loans		2,240			2,200
Total loans		178,009			174,689
Allowance for loan losses		(1,747	)		(1,747	)
Net deferred loan fees		(351	)		(349	)
Loans, net	$	175,911		$	172,593

Schedule Of amount due from directors and other related parties

The following presents the activity in amount due from directors and other related parties for the years ended June 30, 2023 and 2022:

(In thousands)	June 30, 2023			June 30, 2022
Outstanding related party loans at July 1,	$	3,047		$	2,544
New loans		-			1,211
Draws		3			-
Transfers		(482	)		-
Repayments		(490	)		(708	)
Outstanding related party loans at June 30,	$	2,078		$	3,047

Schedule Of Allowance For Loan Losses And Allocation Of The Allowance To Loan Segments

Activity in the allowance for loan losses and allocation of the allowance to loan segments follows:

(In thousands)	Residential 1-4 Family			Multifamily			Second Mortgages and Home Equity Lines of Credit			Construction			Commercial Real Estate			Consumer		Home Improvement			Unallocated			Total
Balance at June 30, 2022	$	986		$	215		$	22		$	4		$	252		$	-	$	61		$	207		$	1,747
Provision (credit) for loan losses		(12	)		(25	)		7			(4	)		94			-		3			(63	)		-
Loans charged-off		-			-			-			-			-			-		-			-			-
Recoveries		-			-			-			-			-			-		-			-			-
Balance at June 30, 2023	$	974		$	190		$	29		$	-		$	346		$	-	$	64		$	144		$	1,747
Balance at June 30, 2021	$	967		$	272		$	23		$	-		$	279		$	-	$	58		$	123		$	1,722
Provision (credit) for loan losses		19			(57	)		(1	)		4			(27	)		-		4			84			26
Loans charged-off		-			-			-			-			-			-		(1	)		-			(1	)
Recoveries		-			-			-			-			-			-		-			-			-
Balance at June 30, 2022	$	986		$	215		$	22		$	4		$	252		$	-	$	61		$	207		$	1,747

The allocation of the allowance for loan losses to each category is presented as of June 30, 2023 and 2022.

(In thousands)	Residential 1-4 Family		Multifamily		Second Mortgages and Home Equity Lines of Credit		Construction		Commercial Real Estate		Consumer		Home Improvement		Unallocated		Total
June 30, 2023
Allowance for impaired loans	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-
Allowance for non-impaired loans		974		190		29		-		346		-		64		144		1,747
Total allowance for loan losses	$	974	$	190	$	29	$	-	$	346	$	-	$	64	$	144	$	1,747
Impaired loans	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-
Non-impaired loans		140,109		12,638		2,699		-		20,323		49		2,191		-		178,009
Total loans	$	140,109	$	12,638	$	2,699	$	-	$	20,323	$	49	$	2,191	$	-	$	178,009
June 30, 2022
Allowance for impaired loans	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-
Allowance for non-impaired loans		986		215		22		4		252		-		61		207		1,747
Total allowance for loan losses	$	986	$	215	$	22	$	4	$	252	$	-	$	61	$	207	$	1,747
Impaired loans	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-
Non-impaired loans		141,073		14,310		1,970		375		14,761		84		2,116		-		174,689
Total loans	$	141,073	$	14,310	$	1,970	$	375	$	14,761	$	84	$	2,116	$	-	$	174,689

Schedule Of Bank's Loans By Risk Ratings

The following table presents information on the Company’s loans by risk ratings at June 30, 2023 and 2022:

(In thousands)	Residential 1-4 Family		Multifamily		Second Mortgages and Home Equity Lines of Credit		Construction		Commercial Real Estate		Consumer		Home Improvement		Total
June 30, 2023
Pass	$	138,678	$	12,638	$	2,699	$	-	$	20,323	$	49	$	2,191	$	176,578
Special mention		1,431		-		-		-		-		-		-		1,431
Total loans	$	140,109	$	12,638	$	2,699	$	-	$	20,323	$	49	$	2,191	$	178,009
June 30, 2022
Pass	$	141,073	$	14,310	$	1,970	$	375	$	14,761	$	84	$	2,116	$	174,689
Total loans	$	141,073	$	14,310	$	1,970	$	375	$	14,761	$	84	$	2,116	$	174,689