Employee Benefits (Tables)

12 Months Ended

Jun. 30, 2021

Employee Benefits

Schedule of changes in options outstanding under the 2003 Plan and the 2017 Plan

	2021			2020			2019
	Weighted			Weighted			Weighted
	Average			Average			Average
	Price		Number	Price		Number	Price		Number
Outstanding at beginning of year	$	33.22	60,500	$	26.35	51,000	$	22.18	33,500
Granted		34.91	29,000		37.40	19,500		34.35	17,500
Exercised		—	—		6.38	(10,000)		—	—
Forfeited		—	—		—	—		—	—
Outstanding at year-end	$	33.77	89,500	$	33.22	60,500	$	26.35	51,000
Options exercisable at year-end	$	29.79	29,000	$	26.31	18,900	$	14.73	20,700

Schedule of values of options granted

	2021			2020			2019
Assumptions:
Expected dividend yield		1.83	%		1.60	%		1.51	%
Expected volatility		27.72	%		22.55	%		20.39	%
Risk-free interest rate		1.14	%		1.55	%		2.67	%
Weighted-average expected life (years)		10.00			10.00			10.00
Weighted-average fair value of options granted during the year	$	9.19		$	8.81		$	8.78

Schedule of stock options under the 2003 Plan and 2017 Plan

Weighted	Options Outstanding			Options Exercisable
Average		Weighted			Weighted
Remaining		Average			Average
Contractual	Number	Exercise		Number	Exercise
Life	Outstanding	Price		Exercisable	Price
38 mo.	10,000	$	17.55	10,000	$	17.55
79 mo.	13,500		37.31	8,100		37.31
90 mo.	17,500		34.35	7,000		34.35
104 mo.	19,500		37.40	3,900		37.40
115 mo.	29,000		34.91	—		34.91