v3.25.2
Consolidated Statements of Stockholders' Equity (Unaudited) - USD ($)
$ in Thousands
Total
Common Stock [Member]
Additional Paid-in Capital [Member]
Treasury Stock [Member]
Retained Earnings [Member]
Accumulated Other Comprehensive Income (Loss) [Member]
Unearned Compensation ESOP [Member]
Beginning Balance (in shares) at Jun. 30, 2023   6,632,642          
Beginning Balance at Jun. 30, 2023 $ 75,889 $ 65 $ 27,814   $ 50,416 $ (3) $ (2,403)
Cumulative effect accounting adjustment [1] (223)       (223)    
Net income (loss) 33       33    
Other comprehensive income 2         2  
Stock-based compensation 358   358        
Treasury stock purchased, shares       (11,490)      
Treasury stock purchased (78)     $ (78)      
ESOP shares committed to be released 69   (33)       102
Ending Balance (in shares) at Jun. 30, 2024   6,621,152          
Ending Balance at Jun. 30, 2024 76,050 $ 65 28,139 $ (78) 50,226 (1) (2,301)
Net income (loss) (265)       (265)    
Other comprehensive income 2         2  
Stock-based compensation 358   358        
Treasury stock purchased, shares       (72,577)      
Treasury stock purchased (495)     $ (495)      
ESOP shares committed to be released 81   (21)       102
Ending Balance (in shares) at Jun. 30, 2025   6,548,575          
Ending Balance at Jun. 30, 2025 $ 75,731 $ 65 $ 28,476 $ (573) $ 49,961 $ 1 $ (2,199)
[1] Represents adjustment needed to reflect the cumulative impact on retained earnings pursuant to the Company's adoption of Accounting Standards Update 2016-13. The adjustment presented includes $12,000 ($9,000, net of tax) attributable to the change in accounting methodology for estimating the allowance for credit losses related to loans, $276,000 ($198,000, net of tax) attributable to the change in accounting methodology for estimating the allowance for credit losses related to securities held to maturity and $23,000 ($16,000, net of tax) related to the reserve for off-balance sheet exposures resulting from the Company's adoption of the standard. Amount shown in the table above is presented net of tax.