Employee Benefits (Tables)

12 Months Ended

Jun. 30, 2022

Employee Benefits

Schedule of changes in options outstanding under the 2003 Plan and the 2017 Plan

	2022			2021			2020
	Weighted			Weighted			Weighted
	Average			Average			Average
	Price		Number	Price		Number	Price		Number
Outstanding at beginning of year	$	33.77	89,500	$	33.22	60,500	$	26.35	51,000
Granted		53.82	14,500		34.91	29,000		37.40	19,500
Exercised		—	—		—	—		6.38	(10,000)
Forfeited		—	—		—	—		—	—
Outstanding at year-end	$	36.56	104,000	$	33.77	89,500	$	33.22	60,500
Options exercisable at year-end	$	31.92	44,900	$	29.79	29,000	$	26.31	18,900

Schedule of values of options granted

	2022			2021			2020
Assumptions:
Expected dividend yield		1.49	%		1.83	%		1.60	%
Expected volatility		28.02	%		27.72	%		22.55	%
Risk-free interest rate		1.82	%		1.14	%		1.55	%
Weighted-average expected life (years)		10.00			10.00			10.00
Weighted-average fair value of options granted during the year	$	16.38		$	9.19		$	8.81

Schedule of stock options under the 2003 Plan and 2017 Plan

Weighted	Options Outstanding			Options Exercisable
Average		Weighted			Weighted
Remaining		Average			Average
Contractual	Number	Exercise		Number	Exercise
Life	Outstanding	Price		Exercisable	Price
26 mo.	10,000	$	17.55	10,000	$	17.55
67 mo.	13,500		37.31	10,800		37.31
78 mo.	17,500		34.35	10,500		34.35
92 mo.	19,500		37.40	7,800		37.40
103 mo.	29,000		34.91	5,800		34.91
115 mo.	14,500		53.82	—		53.82