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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
3 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Interest Income    
Loans, including fees $ 1,911,400 $ 1,812,164
Debt securities 70,217 80,384
Other 45,526 10,975
Total interest income 2,027,143 1,903,523
Interest Expense    
Deposits 304,400 230,706
Borrowings and other 9,862 3,697
Total interest expense 314,262 234,403
Net Interest Income 1,712,881 1,669,120
Net Interest Income After Provision for Loan Losses 1,712,881 1,669,120
Non-Interest Income    
Service charges on deposit accounts 40,866 41,627
Mortgage banking income 81,590 185,966
Increase in cash value of life insurance 57,026 46,728
Gain on proceeds from life insurance 173,268  
Other income 7,454 6,251
Total non-interest income 360,204 280,572
Non-Interest Expenses    
Salaries and employee benefits 831,867 825,140
Occupancy and equipment expenses 171,521 175,581
Data processing and office 87,050 96,808
Professional fees 185,067 157,477
Marketing expenses 17,806 15,039
Other expenses 151,960 129,057
Total non-interest expenses 1,445,271 1,399,102
Income Before Income Taxes 627,814 550,590
Provision for Income Taxes 116,661 133,499
Net Income $ 511,153 $ 417,091
Basic $ 0.24 $ 0.19
Diluted $ 0.24 $ 0.19
Weighted average number of common shares outstanding-basic 2,147,781 2,143,536
Weighted average number of common shares outstanding-diluted 2,147,781 2,143,536