XML 14 R4.htm IDEA: XBRL DOCUMENT v3.23.1
Consolidated Statements of Net Income (Loss) (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Mar. 31, 2023
Mar. 31, 2022
Interest and dividend income:        
Interest and fees on loans $ 1,700 $ 1,615 $ 4,976 $ 4,909
Interest and dividends on debt securities:        
Taxable 837 548 2,383 1,507
Tax exempt 101 117 315 360
Interest on short-term investments and certificates of deposit 53 17 303 50
Total interest and dividend income 2,691 2,297 7,977 6,826
Interest expense:        
Deposits 533 245 1,115 774
Borrowings 3 1 3 7
Total interest expense 536 246 1,118 781
Net interest income 2,155 2,051 6,859 6,045
Provision for loan losses 0 1 0 26
Net interest income after provision for loan losses 2,155 2,050 6,859 6,019
Non-interest income:        
Customer service fees 37 32 110 93
Income on bank-owned life insurance 64 75 191 183
Gain on sale of securities available for sale 0 0 0 48
Other income 47 46 199 205
Total non-interest income 148 153 500 529
Non-interest expenses:        
Salaries and employee benefits 1,103 956 3,371 3,061
Occupancy and equipment 256 238 754 656
Advertising 38 32 148 110
Data processing 84 89 262 260
Deposit insurance 20 24 63 67
Charitable Foundation contribution 0 1,554 0 1,554
Other general and administrative 400 334 1,138 1,026
Total non-interest expenses 1,901 3,227 5,736 6,734
Income before income taxes 402 (1,024) 1,623 (186)
Provision (benefit) for income taxes 47 (196) 282 (64)
Net income (loss) $ 355 $ (828) $ 1,341 $ (122)
Net income per share:        
Earnings Per Share, Basic $ 0.06 $ 0.15 $ 0.21  
Earnings Per Share, Diluted $ 0.06 $ 0.15 $ 0.21  
Weighted average shares outstanding:        
Weighted average shares: Basic 6,300,633 5,500,173 6,282,384  
Weighted average shares: diluted 6,300,721 5,500,173 6,282,413