Employee Benefits (Tables)

12 Months Ended

Jun. 30, 2023

Employee Benefits

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

	2023			2022			2021
	Weighted			Weighted			Weighted
	Average			Average			Average
	Price		Number	Price		Number	Price		Number
Outstanding at beginning of year	$	36.56	104,000	$	33.77	89,500	$	33.22	60,500
Granted		38.58	44,000		53.82	14,500		34.91	29,000
Exercised		—	—		—	—		—	—
Forfeited		—	—		—	—		—	—
Outstanding at year-end	$	39.63	148,000	$	36.56	104,000	$	33.77	89,500
Options exercisable at year-end	$	33.89	63,700	$	31.92	44,900	$	29.79	29,000

Schedule of values of options granted

	2023			2022			2021
Assumptions:
Expected dividend yield		1.79	%		1.49	%		1.83	%
Expected volatility		29.67	%		28.02	%		27.72	%
Risk-free interest rate		3.79	%		1.82	%		1.14	%
Weighted-average expected life (years)		10.00			10.00			10.00
Weighted-average fair value of options granted during the year	$	16.68		$	16.38		$	9.19

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
14 mo.	10,000	$	17.55	10,000	$	17.55
55 mo.	13,500		37.31	13,500		37.31
66 mo.	17,500		34.35	14,000		34.35
80 mo.	19,500		37.40	11,700		37.40
91 mo.	29,000		34.91	11,600		34.91
103 mo.	14,500		53.82	2,900		53.82
109 mo.	7,500		46.59	—		46.59
116 mo.	36,500		46.94	—		46.94