Note 13 - Fair Value of Financial Instruments (Tables)

6 Months Ended

Dec. 31, 2021

Notes Tables

Fair Value, by Balance Sheet Grouping [Table Text Block]

	December 31, 2021
	Carrying Amount		Fair Value		Level I		Level II		Level III
	(Dollars in Thousands)
FINANCIAL ASSETS
Cash and cash equivalents	$	2,948	$	2,948	$	2,948	$	-	$	-
Certificates of deposit		350		350		350		-		-
Investment securities – held to maturity		9,953		9,978		-		9,978		-
Mortgage-backed securities – held to maturity:
Agency		112,463		112,675		-		112,675		-
Private-label		334		408		-		-		408
Net loans receivable		78,526		80,449		-		-		80,449
Accrued interest receivable		746		746		746		-		-
FHLB stock		6,264		6,264		6,264		-		-
Bank owned life insurance		5,077		5,077		5,077		-		-
FINANCIAL LIABILITIES
Deposits:
Non-interest bearing deposits	$	26,923	$	26,923	$	26,923	$	-	$	-
Interest-earning checking		27,896		27,896		27,896		-		-
Savings accounts		49,568		49,568		49,568		-		-
Money market accounts		22,529		22,529		22,529		-		-
Certificates of deposit		33,096		33,453		-		-		33,453
Advance payments by borrowers for taxes and insurance		1,373		1,373		1,373		-		-
FHLB advances – fixed rate		5,000		5,049		-		-		5,049
FHLB advances – variable rate		-		-		-		-		-
FHLB short-term advances		148,600		148,600		148,600		-		-
Accrued interest payable		92		92		92		-		-

	June 30, 2021
	Carrying Amount		Fair Value		Level I		Level II		Level III
	(Dollars in Thousands)
FINANCIAL ASSETS
Cash and cash equivalents	$	2,551	$	2,551	$	2,551	$	-	$	-
Certificates of deposit		350		350		350		-		-
Investment securities – held to maturity		15,489		15,592		-		15,592		-
Mortgage-backed securities – held to maturity:
Agency		82,059		82,202		-		82,202		-
Private-label		400		457		-		-		457
Net loans receivable		80,684		82,930		-		-		82,930
Accrued interest receivable		749		749		749		-		-
FHLB stock		6,044		6,044		6,044		-		-
Bank owned life insurance		5,021		5,021		5,021		-		-
FINANCIAL LIABILITIES
Deposits:
Non-interest bearing deposits	$	25,452	$	25,452	$	25,452	$	-	$	-
Interest-earning checking		26,881		26,881		26,881		-		-
Savings accounts		50,058		50,058		50,058		-		-
Money market accounts		22,995		22,995		22,995		-		-
Certificates of deposit		29,731		29,763		-		-		29,763
Advance payments by borrowers for taxes and insurance		2,050		2,050		2,050		-		-
FHLB advances – fixed rate		10,000		9,763		-		-		9,763
FHLB advances – variable rate		25,000		25,000		25,000		-		-
FHLB short-term advances		113,093		113,093		113,093		-		-
Accrued interest payable		155		155		155		-		-