Debt Securities (Tables)

3 Months Ended

Sep. 30, 2023

Debt Securities

Schedule of carrying value of securities

		Unaudited
	September 30, 2023		June 30, 2023
Available for sale debt securities, at fair value	$	8,625,718	$	8,921,715
Held to maturity debt securities, at amortized cost		510,381		516,089
	$	9,136,099	$	9,437,804

Schedule of amortized cost and fair value of debt securities, with gross unrealized gains and losses

			Gross		Gross
	Amortized		Unrealized		Unrealized
	Cost		Gains		Losses		Fair Value
September 30, 2023
Available for sale debt securities
States and municipalities	$	904,376	$	8	$	(9,770)	$	894,614
Mortgage-backed		1,777,494		23,698		(127,316)		1,673,876
Corporate bonds		7,079,191		—		(1,021,963)		6,057,228
	$	9,761,061	$	23,706	$	(1,159,049)	$	8,625,718
Held to maturity debt securities
Mortgage-backed	$	510,381	$	—	$	(121,827)	$	388,554

			Gross		Gross
	Amortized		Unrealized		Unrealized
	Cost		Gains		Losses		Fair Value
June 30, 2023
Available for sale debt securities
States and municipalities	$	904,308	$	503	$	(16,739)	$	888,072
Mortgage-backed		1,935,106		23,125		(111,217)		1,847,014
Corporate bonds		7,099,328		—		(912,699)		6,186,629
	$	9,938,742	$	23,628	$	(1,040,655)	$	8,921,715
Held to maturity debt securities
Mortgage-backed	$	516,089	$	—	$	(138,043)	$	378,046

Schedule of debt securities by contractual maturity

	Available for Sale Debt Securities				Held to Maturity Debt Securities
	Amortized		Fair		Amortized		Fair
	Cost		Value		Cost		Value
September 30, 2023
Due in one year or less	$	502,356	$	496,420	$	—	$	—
Due from more than one to five years		2,851,425		2,782,002		—		—
Due from more than five to ten years		4,629,786		3,673,420		—		—
		7,983,567		6,951,842		—		—
Mortgage-backed securities		1,777,494		1,673,876		510,381		388,554
	$	9,761,061	$	8,625,718	$	510,381	$	388,554

Schedule of securities in continuous unrealized loss position

	Less than 12 Months				12 Months or More				Total
	Gross				Gross				Gross
	Unrealized				Unrealized				Unrealized
	Losses		Fair Value		Losses		Fair Value		Losses		Fair Value
September 30, 2023
Available for sale debt securities
States and municipalities	$	(5,201)	$	319,349	$	(4,569)	$	360,257	$	(9,770)	$	679,606
Mortgage-backed		(996)		24,107		(126,320)		1,521,065		(127,316)		1,545,172
Corporate bonds		—		—		(1,021,963)		6,057,228		(1,021,963)		6,057,228
	$	(6,197)	$	343,456	$	(1,152,852)	$	7,938,550	$	(1,159,049)	$	8,282,006
Held to maturity debt securities
Mortgage-backed securities	$	—	$	—	$	(121,827)	$	388,554	$	(121,827)	$	388,554

	Less than 12 Months				12 Months or More				Total
	Gross				Gross				Gross
	Unrealized				Unrealized				Unrealized
	Losses		Fair Value		Losses		Fair Value		Losses		Fair Value
June 30, 2023
Available for sale debt securities
States and municipalities	$	(16,739)	$	768,052	$	—	$	—	$	(16,739)	$	768,052
Mortgage-backed		(2,879)		109,037		(108,338)		1,615,016		(111,217)		1,724,053
Corporate bonds		(90,000)		410,000		(822,699)		5,776,629		(912,699)		6,186,629
	$	(109,618)	$	1,287,089	$	(931,037)	$	7,391,645	$	(1,040,655)	$	8,678,734
Held to maturity debt securities
Mortgage-backed securities	$	(138,043)	$	378,046	$	—	$	—	$	(138,043)	$	378,046