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CONSOLIDATED STATEMENT OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2016
INTEREST AND DIVIDEND INCOME      
Loans, including fees $ 2,983 $ 2,721 $ 2,324
Investment securities 3,036 2,131 1,989
Mortgage-backed securities 3,130 2,333 2,155
Certificates of deposit 72 124 7
Interest-earning demand deposits 10 3 1
Federal Home Loan Bank stock 439 329 336
Trading securities 5
Total interest and dividend income 9,670 7,646 6,812
INTEREST EXPENSE      
Deposits 406 245 210
Federal Home Loan Bank advances - short-term 2,675 1,118 238
Federal Home Loan Bank advances - long-term - variable rate 11 65 408
Federal Home Loan Bank advances - long-term - fixed rate 32 426 561
Other short-term borrowings 14
Total interest expense 3,124 1,854 1,431
NET INTEREST INCOME 6,546 5,792 5,381
PROVISION FOR LOAN LOSSES 50 58 56
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 6,496 5,734 5,325
NONINTEREST INCOME      
Service charges on deposits 126 136 154
Earnings on bank owned life insurance 126 131 134
Investment securities gains 2 31
Market losses on trading securities (31)
Other than temporary impairment losses 86
Portion of loss recognized in other comprehensive income (100)
Net impairment losses recognized in earnings (14)
ATM fee income 180 191 198
Other 50 63 55
Total noninterest income 470 490 572
NONINTEREST EXPENSE      
Salaries and employee benefits 2,274 2,264 2,243
Occupancy and equipment 310 323 329
Data processing 220 222 220
Correspondent bank charges 40 38 38
Federal deposit insurance premium 108 111 194
ATM network expense 106 127 124
Other 655 654 625
Total noninterest expense 3,713 3,739 3,773
INCOME BEFORE INCOME TAXES 3,253 2,485 2,124
INCOME TAX EXPENSE 1,128 848 799
NET INCOME $ 2,125 $ 1,637 $ 1,325
EARNINGS PER SHARE:      
Basic $ 1.16 $ 0.87 $ 0.69
Diluted $ 1.16 $ 0.87 $ 0.69
AVERAGE SHARES OUTSTANDING:      
Basic 1,826,893 1,873,790 1,910,538
Diluted 1,827,260 1,873,790 1,910,538