Summary of Significant Accounting Policies (Tables)

12 Months Ended

Jun. 30, 2022

Accounting Policies [Abstract]

Schedule of contributed to the ESOP

	For the fiscal year ended
	June 30,
	2022		2021
Allocated shares		117,065		99,668
Shares committed to be released		463		9,338
Unearned shares		461		10,261
Total ESOP shares		117,989		119,267
Fair value of unearned shares at End of period	$	4,000	$	76,000

Schedule of earnings per share

	For the fiscal year ended
	June 30,
	2022		2021
Net income  allocated to common shareholders, basic and diluted	$	1,590,000	$	1,820,000
EARNINGS  PER SHARE	$	0.19	$	0.22
Weighted average common shares outstanding, basic and diluted		8,213,407		8,216,193

Schedule of fair value measurements of assets and liabilities measured at fair value on a recurring basis

			Fair Value Measurements Using
			Quotes Prices in Active Markets for Identical Assets		Significant Other Observable Inputs		Significant Unobservable Inputs
(in thousands)	Fair Value		(Level 1)		(Level 2)		(Level 3)
2022
Agency mortgage-backed: residential	$	10,477	$	-	$	10,477	$	-
2021
Agency mortgage-backed: residential	$	33	$	-	$	33	$	-

Schedule of financial instruments

			Fair Value Measurements at
	Carrying		June 30, 2022 Using
(in thousands)	Value		Level 1		Level 2		Level 3		Total
Financial assets
Cash and cash equivalents	$	25,823	$	25,823					$	25,823
Available-for-sale securities		10,477			$	10,477				10,477
Held-to-maturity securities		339				323				323
Loans held for sale		152				153				153
Loans receivable - net		274,583					$	271,994		271,994
Federal Home Loan Bank stock		6,498								n/a
Accrued interest receivable		649				649				649
Financial liabilities
Deposits	$	239,857	$	115,152	$	124,682			$	239,834
Federal Home Loan Bank advances		34,066				33,688				33,688
Advances by borrowers for taxes and insurance		766				766				766
Accrued interest payable		12				12				12

	Carrying		Fair Value Measurements at June 30, 2021 Using
(in thousands)	Value		Level 1		Level 2		Level 3		Total
Financial assets
Cash and cash equivalents	$	21,648	$	21,648					$	21,648
Time deposits in other financial institutions		247		248						248
Available-for-sale securities		33			$	33				33
Held-to-maturity securities		462				476				476
Loans held for sale		1,307				1,336				1,336
Loans receivable - net		297,902					$	306,346		306,346
Federal Home Loan Bank stock		6,498								n/a
Accrued interest receivable		694				694				694
Financial liabilities
Deposits	$	226,843	$	101,951	$	125,232			$	227,183
Federal Home Loan Bank advances		56,873				57,314				57,314
Advances by borrowers for taxes and insurance		838				838				838
Accrued interest payable		20				20				20

Schedule of loans outstanding

(in thousands)	2022			2021
Outstanding principal, beginning of year	$	1,405		$	1,047
Changes in composition of related parties		-			936
Principal disbursed during the year		-			-
Principal repaid and refinanced during the year		(717	)		(578	)
Outstanding principal, end of year	$	688		$	1,405