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Consolidated Statements of Net Loss (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2024
Dec. 31, 2023
Interest and dividend income:        
Interest and fees on loans $ 1,765 $ 1,758 $ 3,549 $ 3,480
Interest and dividends on debt securities:        
Taxable 1,083 904 2,111 1,772
Tax exempt 73 93 150 190
Interest on short-term investments 342 49 672 94
Total interest and dividend income 3,263 2,804 6,482 5,536
Interest expense:        
Deposits 1,455 1,051 2,912 1,927
Borrowings 119 114 238 164
Total interest expense 1,574 1,165 3,150 2,091
Net interest income 1,689 1,639 3,332 3,445
Reversal of credit losses for securities held to maturity (15) (99) (30) (141)
Provision (reversal) of credit losses for off-balance sheet exposures 33 3 25 (12)
Reversal of credit losses for loans (97) (8) (145) (117)
Net interest income after reversal of provision for credit losses 1,768 1,743 3,482 3,715
Non-interest income:        
Customer service fees 36 37 77 77
Income on bank-owned life insurance 70 68 139 134
Other income 59 67 119 121
Total non-interest income 165 172 335 332
Non-interest expenses:        
Salaries and employee benefits 1,218 1,267 2,314 2,411
Occupancy and equipment 237 240 488 494
Advertising 38 36 74 74
Data processing 108 101 202 190
Deposit insurance 35 33 69 66
Other general and administrative 408 432 768 790
Total non-interest expenses 2,044 2,109 3,915 4,025
Income (loss) before income taxes (111) (194) (98) 22
Provision for income taxes 51 16 70 109
Net loss $ (162) $ (210) $ (168) $ (87)
Net loss per share:        
Loss per common share, Basic $ (0.03) $ (0.03) $ (0.03) $ (0.01)
Loss per common share, Diluted $ (0.03) $ (0.03) $ (0.03) $ (0.01)
Weighted average shares outstanding:        
Weighted average shares: basic 6,271,579 6,284,768 6,283,091 6,283,485
Weighted average shares: diluted 6,271,579 6,284,768 6,283,091 6,283,485