v3.25.4
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
 6 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Operating Activities    
Net income $ 945,689 $ 226,034 [1]
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 140,970 141,121
Recovery of credit losses (7,000) (147,000) [1]
Stock based compensation expense 77,468 78,946
ESOP expense 70,877 11,535
Net amortization of discounts and premiums on debt securities 2,044 28,279
Amortization of deferred loan fees, net (52,626) (23,479)
Net gain on sale of loans (70,144) (88,082)
Deferred tax expense (benefit) (33,869) 20,901
Earnings on cash value of life insurance (141,443) (134,189) [1]
(Increase) decrease in interest receivable (38,340) 7,319
Originations of loans held for sale (2,150,024) (4,135,841)
Proceeds from loans held for sale 2,220,168 4,223,923
Net change in operating leases 115 692
Net change in other assets (1,692) (51,805)
Net change in other liabilities 915,124 900,506
Net Cash Provided by Operating Activities 1,877,317 1,058,860
Investing Activities    
Net change in interest-bearing deposits in other financial institutions 60,921 87,930
Proceeds from maturities, calls and repayments of debt securities available for sale 1,243,938 489,296
Proceeds from maturities and calls of debt securities held to maturity 21,620 13,479
Net (increase) decrease in loans (11,057,321) 6,690,621
Purchases of property and equipment (21,346) (32,307)
Net Cash (Used in) Provided by Investing Activities (9,752,188) 7,249,019
Financing Activities    
Net change in deposits 3,146,627 436,498
Proceeds from FHLB advances, net 4,000,000  
Repayments of FHLB advances   (3,000,000)
Purchase and retirement of common stock   (44,500)
Net Cash Provided by (Used in) Financing Activities 7,146,627 (2,608,002)
Net Change in Cash and Cash Equivalents (728,244) 5,699,877
Cash and Cash Equivalents, Beginning of Period 14,385,736 10,472,438
Cash and Cash Equivalents, End of Period 13,657,492 16,172,315
Supplemental Disclosure of Cash Flow Information    
Interest 1,864,051 $ 1,274,504
Taxes $ 140,000  
[1] Share amounts related to periods prior to the April 21, 2025 closing of the conversion offering have been restated to give retroactive recognition to the 1.3728 exchange ratio applied in the conversion offering (See Note 1).