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Employee Benefits (Tables)
12 Months Ended
Jun. 30, 2022
Employee Benefits  
Schedule of changes in options outstanding under the 2003 Plan and the 2017 Plan

2022

2021

2020

Weighted

Weighted

Weighted

Average

Average

Average

Price

Number

Price

Number

Price

Number

Outstanding at beginning of year

$

33.77

89,500

$

33.22

60,500

$

26.35

51,000

Granted

53.82

14,500

34.91

29,000

37.40

19,500

Exercised

6.38

(10,000)

Forfeited

 

 

 

Outstanding at year-end

$

36.56

104,000

$

33.77

89,500

$

33.22

60,500

Options exercisable at year-end

$

31.92

44,900

$

29.79

29,000

$

26.31

18,900

Schedule of values of options granted

2022

2021

2020

Assumptions:

Expected dividend yield

1.49

%

1.83

%

1.60

%

Expected volatility

 

28.02

%

27.72

%

22.55

%

Risk-free interest rate

1.82

%

1.14

%

1.55

%

Weighted-average expected life (years)

10.00

10.00

10.00

Weighted-average fair value of options granted during the year

$

16.38

$

9.19

$

8.81

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

26 mo.

10,000

$

17.55

10,000

$

17.55

67 mo.

13,500

37.31

10,800

37.31

78 mo.

17,500

34.35

10,500

34.35

92 mo.

19,500

37.40

7,800

37.40

103 mo.

29,000

34.91

5,800

34.91

115 mo.

14,500

53.82

53.82