XML 14 R4.htm IDEA: XBRL DOCUMENT v3.22.1
Consolidated Statements of Net Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Mar. 31, 2022
Mar. 31, 2021
Interest and dividend income:        
Interest and fees on loans $ 1,615 $ 1,760 $ 4,909 $ 5,431
Interest and dividends on debt securities:        
Taxable 548 409 1,507 1,326
Tax exempt 117 141 360 426
Interest on short-term investments and certificates of deposit 17 13 50 35
Total interest and dividend income 2,297 2,323 6,826 7,218
Interest expense:        
Deposits 245 442 774 1,722
Short-term borrowings 1 13 7 51
Total interest expense 246 455 781 1,773
Net interest income 2,051 1,868 6,045 5,445
Provision for loan losses 1 15 26 45
Net interest income, after provision for loan losses 2,050 1,853 6,019 5,400
Non-interest income:        
Customer service fees 32 27 93 87
Income on bank-owned life insurance 75 72 224 217
Gain on sale of securities available for sale 0 0 48 0
Other income 46 46 205 194
Total non-interest income 153 145 570 498
Non-interest expense:        
Salaries and employee benefits 956 883 3,102 2,981
Occupancy and equipment 238 236 656 630
Advertising 32 21 110 68
Data processing 89 102 260 272
Deposit insurance 24 21 67 64
Charitable Foundation contribution 1,554 0 1,554 0
Other general and administrative 334 267 1,026 776
Total non-interest expense 3,227 1,530 6,775 4,791
Income (loss) before income taxes (1,024) 468 (186) 1,107
Provision (benefit) for income taxes (196) 67 (64) 111
Net income (loss) $ (828) $ 401 $ (122) $ 996
Earnings (loss) per share:        
Basic and diluted $ (0.15)      
Weighted Average Shares:        
Basic and diluted 5,500,173