Note 11 - Income Taxes (Tables)

12 Months Ended

Jun. 30, 2020

Notes Tables

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

	20 20			201 9
Current income taxes	$	1,273		$	840
Deferred income tax expense		(361	)		173
Total income tax expense	$	912		$	1,013

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

	20 20			201 9
Deferred tax assets:
Allowance for loan losses	$	1,119		$	701
Deferred compensation		722			616
Deferred income		46			55
Non-accrual loan interest income		42			50
Other		9			7
Gross deferred tax asset		1,938			1,429
Deferred tax liabilities:
Depreciation		(742	)		(645	)
Loan fees		(402	)		(278	)
FHLB stock dividends		(102	)		(102	)
Prepaid expenses		(72	)		(42	)
Intangible assets		(102	)		—
Net unrealized securities gain		(1,132	)		(416	)
Gross deferred tax liabilities		(2,552	)		(1,483	)
Net deferred liability	$	(614	)	$	(54	)

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

	20 20			201 9
Income taxes computed at the statutory rate on pretax income	$	1,352		$	1,382
Tax exempt income		(317	)		(319	)
Cash surrender value income and death benefit		(124	)		(57	)
Tax credit		(25	)		(28	)
Other non-deductible expenses		26			35
Total income tax expense	$	912		$	1,013