Premises and Equipment

3 Months Ended

Sep. 30, 2021

Premises and Equipment

Premises and Equipment

Note 7 – Premises and Equipment

The components of premises and equipment are as follows as of September 30, 2021 and June 30, 2021:

	September 30,		June 30,
(Dollars in thousands)	2021		2021
Land	$	2,581	$	2,581
Office buildings and improvements		13,100		12,932
Furniture, fixtures and equipment		2,516		2,428
Automobiles		50		50
		18,247		17,991
Accumulated depreciation		(4,783)		(4,552)
	$	13,464	$	13,439

Depreciation expense amounted to $231 thousand and $309 thousand for the three months ended September 30, 2021 and 2020, respectively.