| Condensed Financial Information (Parent Company Only) |
Note 19: |
Condensed Financial Information (Parent Company Only) | Presented below is condensed financial information as to financia l p osition, results of operations and cash flows of the Company as of and for the years ended June 30, 2025 and 2024: Condensed Balance Sheets
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June 30, |
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June 30, |
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| |
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2025 |
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|
2024 |
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Assets |
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Cash and due from banks |
|
$ |
4,966 |
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|
$ |
6,191 |
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Investment in common stock of subsidiary |
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|
75,440 |
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|
66,113 |
|
ESOP loan |
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|
1,530 |
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|
1,718 |
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Total assets |
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$ |
81,936 |
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$ |
74,022 |
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Liabilities |
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Other liabilities |
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$ |
99 |
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$ |
106 |
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Total liabilities |
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99 |
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|
106 |
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Stockholders’ Equity |
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81,837 |
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|
73,916 |
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Total liabilities and stockholders’ equity |
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$ |
81,936 |
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$ |
74,022 |
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| Condensed Statements of Income and Comprehensive Income
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Year Ending
June 30, |
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Year Ending
June 30, |
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2025 |
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2024 |
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Income |
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Interest on ESOP loan |
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$ |
140 |
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$ |
150 |
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Total income |
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|
140 |
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|
150 |
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Expense |
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Other expenses |
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|
233 |
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|
199 |
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Total expense |
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|
233 |
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|
199 |
|
Loss Before Income Tax and Equity in Undistributed Income of Subsidiary |
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(93 |
) |
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(49 |
) |
Benefit for Income Taxes |
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|
(27 |
) |
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|
(14 |
) |
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Loss Before Equity in Undistributed Income of Subsidiary |
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|
(66 |
) |
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(35 |
) |
Equity in Undistributed Income of Subsidiary |
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|
4,370 |
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|
1,825 |
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Net Income |
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$ |
4,304 |
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$ |
1,790 |
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Comprehensive Income |
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$ |
8,599 |
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$ |
2,879 |
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| Condensed Statements of Cash Flows
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Year Ended
June 30, |
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Year Ended
June 30, |
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2025 |
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|
2024 |
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Cash flows from operating activities |
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Net income |
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$ |
4,304 |
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$ |
1,790 |
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Items not requiring (providing) cash |
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Net change in other liabilities |
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|
(7 |
) |
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|
(15 |
) |
Earnings from subsidiary |
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|
(4,370 |
) |
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|
(1,825 |
) |
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Net cash used in operating activities |
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|
(73 |
) |
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|
(50 |
) |
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Cash flows from financing activities |
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Dividends paid |
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(1,340 |
) |
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|
(1,341 |
) |
Net Change in loan for ESOP |
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|
188 |
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|
175 |
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Net cash used in financing activities |
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|
(1,152 |
) |
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|
(1,166 |
) |
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Net Change in Cash and Cash Equivalents |
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|
(1,225 |
) |
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|
(1,216 |
) |
Cash and Cash Equivalents at Beginning of Year |
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|
6,191 |
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|
7,407 |
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Cash and Cash Equivalents at End of Year |
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$ |
4,966 |
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$ |
6,191 |
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