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CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($)
$ in Thousands
Dec. 31, 2022
Jun. 30, 2022
ASSETS    
Cash and due from banks $ 7,860 $ 8,117
Interest bearing deposits with other banks 11,282 28,053
Total cash and cash equivalents 19,142 36,170
Interest-bearing time deposits 600 600
Securities available for sale 171,951 182,745
Securities held to maturity, fair value of $85,504 and $88,321, as of December 31, 2022 and June 30, 2022, respectively 103,030 102,135
Equity securities 2,039 2,258
Loans receivable, net of allowance for loan losses of $3,334 and $3,409 as of December 31, 2022 and June 30, 2022, respectively 492,163 475,511
Premises and equipment, net 11,355 11,696
Regulatory stock, at cost 3,567 3,807
Deferred income taxes 9,267 7,459
Bank-owned life insurance 39,717 39,170
Goodwill 4,858 4,858
Intangible assets 615 712
Operating lease right-of-use assets 8,306 6,843
Accrued interest receivable and other assets 4,334 5,988
TOTAL ASSETS 870,944 879,952
LIABILITIES    
Deposits 615,438 606,617
Advances from Federal Home Loan Bank 60,000 65,000
Advances from borrowers for taxes and insurance 2,643 3,356
Operating lease liabilities 8,439 6,949
Accrued interest payable and other liabilities 5,194 5,704
TOTAL LIABILITIES 691,714 687,626
Commitments and contingencies (note 12)
STOCKHOLDERS' EQUITY    
Preferred stock, $0.01 par value, 50,000,000 shares authorized; no shares issued
Common stock, $0.01 par value, 150,000,000 shares authorized; 14,143,327 shares issued and outstanding at December 31, 2022 and 14,896,590 shares issued and outstanding at June 30, 2022 141 149
Additional paid-in capital 151,942 159,546
Unearned common stock held by employee stock ownership plan (9,395) (9,599)
Retained earnings 58,851 57,587
Accumulated other comprehensive loss (22,309) (15,357)
TOTAL WILLIAM PENN BANCORPORATION STOCKHOLDERS' EQUITY 179,230 192,326
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 870,944 $ 879,952