Note 10 - Income Taxes (Tables)

12 Months Ended

Jun. 30, 2024

Notes Tables

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

	2024			2023
Current income taxes	$	2,087		$	2,344
Deferred income tax benefit		(242	)		(96	)
Total income tax expense	$	1,845		$	2,248

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

	2024			2023
Deferred tax assets:
Allowance for credit losses	$	1,743		$	1,622
Deferred compensation		1,026			986
Partnership investment		154			—
Deferred income		132			31
Non-accrual loan interest income		22			20
Net unrealized securities loss		7,532			7,964
Other		3			3
Gross deferred tax asset		10,612			10,626
Deferred tax liabilities:
Depreciation		(776	)		(783	)
Loan fees		(663	)		(640	)
FHLB stock dividends		(102	)		(102	)
Prepaid expenses		(176	)		(150	)
Intangible assets		(258	)		(199	)
Gross deferred tax liabilities		(1,975	)		(1,874	)
Net deferred asset	$	8,637		$	8,752

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

	2024			2023
Income taxes computed at the statutory rate on pretax income	$	2,189		$	2,714
Tax exempt income		(221	)		(400	)
Cash surrender value income		(58	)		(55	)
Affordable housing tax credit		(66	)		—
Tax credit		(16	)		(17	)
Other non-deductible expenses		17			6
Total income tax expense	$	1,845		$	2,248