v3.25.2
Consolidated Balance Sheets - USD ($)
Jun. 30, 2025
Jun. 30, 2024
Assets    
Cash and due from banks $ 1,691,000 $ 1,339,000
Short-term investments 22,974,000 25,620,000
Total cash and cash equivalents 24,665,000 26,959,000
Securities available for sale 91,000 113,000
Securities held to maturity, net of allowance for credit losses of $204 and $149, fair value of $136,435 and $133,420 at June 30, 2025 and June 30, 2024, respectively 145,752,000 146,994,000
Federal Home Loan Bank stock, at cost 704,000 704,000
Loans, net of allowance for credit losses of $1,547 at June 30, 2025 and $1,553 at June 30, 2024 177,214,000 170,438,000
Premises and equipment, net 3,027,000 3,246,000
Accrued interest receivable 1,451,000 1,398,000
Bank-owned life insurance 10,956,000 10,670,000
Deferred tax asset 1,291,000 1,245,000
Operating lease right of use asset 764,000 860,000
Other assets 690,000 812,000
Total assets 366,605,000 363,439,000
Deposits    
Non-interest bearing 33,274,000 34,124,000
Interest-bearing 240,901,000 236,717,000
Total deposits 274,175,000 270,841,000
Federal Home Loan Bank of Boston advances 10,350,000 10,350,000
Mortgagors' escrow accounts 1,634,000 1,525,000
Operating lease liability 789,000 877,000
Accrued expenses and other liabilities 3,926,000 3,796,000
Total liabilities 290,874,000 287,389,000
Stockholders' Equity    
Preferred Stock, $.01 par value, 10,000,000 shares authorized, none outstanding 0 0
Common Stock, $.01 par value, 90,000,000 shares authorized, 6,548,575 issued and outstanding as of June 30, 2025 and 6,621,152 issued and outstanding as of June 30, 2024 65,000 65,000
Additional paid-in capital 28,476,000 28,139,000
Treasury stock at cost, 84,067 and 11,490 shares at June 30, 2025 and 2024, respectively (573,000) (78,000)
Retained earnings 49,961,000 50,226,000
Accumulated other comprehensive income (loss) 1,000 (1,000)
Unearned compensation - ESOP, 219,856 and 230,084 shares unallocated at June 30, 2025 and June 30, 2024, respectively (2,199,000) (2,301,000)
Total stockholders' equity 75,731,000 76,050,000
Total liabilities and stockholders' equity $ 366,605,000 $ 363,439,000