v3.26.3
Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2026
Jun. 30, 2025
ASSETS    
Cash and due from financial institutions $ 2,725 $ 2,342
Fed funds sold 1,527 8,577
Interest-bearing demand deposits 12,233 8,561
Cash and cash equivalents 16,485 19,480
Securities available-for-sale- at fair value 10,906 9,757
Securities held-to-maturity, at amortized cost-approximate fair value of $132 and $167 at June 30, 2026 and 2025, respectively 134 171
Loans held for sale 1,185 877
Loans, net of allowance for credit losses of $2,257 and $2,170 at June 30, 2026 and 2025, respectively 319,428 327,248
Real estate acquired through foreclosure 79
Office premises and equipment - at depreciated cost 4,144 4,211
Federal Home Loan Bank stock - at cost 3,892 3,980
Accrued interest receivable 1,648 1,438
Bank-owned life insurance 3,089 3,001
Prepaid expenses and other assets 1,408 1,048
Total assets 362,398 371,211
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Savings 44,551 48,616
Certificates of deposit 183,085 199,575
Demand deposit accounts 33,196 29,372
Deposits 260,832 277,563
Federal Home Loan Bank advances 48,592 42,760
Advances by borrowers for taxes and insurance 974 869
Accrued interest payable 666 949
Accrued income taxes 96 63
Deferred income taxes 37 30
Other liabilities 907 608
Total liabilities 312,104 322,842
Shareholders’ equity    
Preferred stock, 500,000 shares authorized, $.01 par value; no shares issued
Common stock, 20,000,000 shares authorized, $.01 par value; 8,596,064 shares issued 86 86
Additional paid-in capital 34,891 34,891
Retained earnings - restricted 19,415 17,506
Treasury shares at cost, 509,349 common shares at June 30, 2026 and 2025, respectively (3,969) (3,969)
Accumulated other comprehensive loss (129) (145)
Total shareholders’ equity 50,294 48,369
Total liabilities and shareholders’ equity $ 362,398 $ 371,211