Stockholders' Equity

12 Months Ended

Jun. 30, 2025

Stockholders' Equity [Abstract]

Stockholders' Equity

Note 14. Stockholders' Equity

Reservation of Shares

The Company has reserved common shares for future issuance as follows as of June 30, 2025:

Stock options outstanding	228,146
Stock options available for issuance	12,469
Number of common shares reserved	240,615

The following table sets forth the reconciliation of the numerators and denominators of the basic and diluted earnings per share computations for continuing operations for the years ended June 30:

	2025			2024
Numerator:
Net income	$	8,142,954		$	5,815,140
Denominator:
Basic EPS:
Common shares outstanding, beginning of period		2,733,958			2,702,633
Unearned ESOP shares		(211,487	)		(233,645	)
Weighted average common shares issued during the period		60,416			11,837
Weighted average ESOP shares earned during the period		8,149			8,340
Denominator for basic earnings per common shares –
Weighted average common shares		2,591,036			2,489,165
Diluted EPS:
Common shares outstanding, beginning of period		2,733,958			2,702,633
Unearned ESOP shares		(211,487	)		(233,645	)
Weighted average common shares issued during the period		60,416			11,837
Weighted average ESOP shares earned during the period		8,149			8,340
Weighted average dilutive effect of stock options		105,156			47,802
Denominator for diluted earnings per common shares –
Weighted average common shares		2,696,192			2,536,967

Not included in this computation of earnings per share for the years ended June 30, 2025 and 2024 were options to purchase 0 and 62,691 shares, respectively, of the Company’s common stock. These options were excluded because their inclusion would have been anti-dilutive due to the average strike price exceeding the average market price of those shares.

The Company paid regular cash dividends on common stock of $1.00 per share for the fiscal year ended June 30, 2025 and paid regular cash dividends on common stock of $0.675 per share for the fiscal year ended June 30, 2024. Our Board of Directors assesses the Company’s dividend policy periodically. There is no assurance that the Board of Directors will maintain the amount of the regular cash dividend during any future years.