Document And Entity Information
Document And Entity Information - shares | 6 Months Ended | |
Dec. 31, 2022 | Feb. 09, 2023 | |
Document Information [Line Items] | ||
Entity Central Index Key | 0001006830 | |
Entity Registrant Name | CONSUMERS BANCORP INC /OH/ | |
Amendment Flag | false | |
Current Fiscal Year End Date | --06-30 | |
Document Fiscal Period Focus | Q2 | |
Document Fiscal Year Focus | 2023 | |
Document Type | 10-Q | |
Document Quarterly Report | true | |
Document Period End Date | Dec. 31, 2022 | |
Document Transition Report | false | |
Entity File Number | 033-79130 | |
Entity Incorporation, State or Country Code | OH | |
Entity Tax Identification Number | 34-1771400 | |
Entity Address, Address Line One | 614 East Lincoln Way, P.O. Box 256 | |
Entity Address, City or Town | Minerva | |
Entity Address, State or Province | OH | |
Entity Address, Postal Zip Code | 44657 | |
City Area Code | 330 | |
Local Phone Number | 868-7701 | |
Entity Current Reporting Status | Yes | |
Entity Interactive Data Current | Yes | |
Entity Filer Category | Non-accelerated Filer | |
Entity Small Business | true | |
Entity Emerging Growth Company | false | |
Entity Shell Company | false | |
Entity Common Stock, Shares Outstanding | 3,089,361 |
Consolidated Balance Sheets (Cu
Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands | Dec. 31, 2022 | Jun. 30, 2022 |
ASSETS | ||
Cash on hand and noninterest-bearing deposits in financial institutions | $ 13,133 | $ 11,254 |
Federal funds sold and interest-bearing deposits in financial institutions | 169 | 9,698 |
Total cash and cash equivalents | 13,302 | 20,952 |
Certificates of deposit in other financial institutions | 3,264 | 3,781 |
Securities, available-for-sale | 287,142 | 296,347 |
Securities, held-to-maturity (fair value of $6,911 at December 31, 2022 and $7,831 at June 30, 2022) | 7,338 | 7,874 |
Equity securities, at fair value | 367 | 400 |
Federal bank and other restricted stocks, at cost | 2,583 | 2,525 |
Loans held for sale | 100 | 1,165 |
Total loans | 664,969 | 611,843 |
Less allowance for loan losses | (7,675) | (7,160) |
Net loans | 657,294 | 604,683 |
Cash surrender value of life insurance | 10,089 | 9,959 |
Premises and equipment, net | 16,278 | 16,521 |
Goodwill | 2,452 | 2,452 |
Core deposit intangible, net | 442 | 470 |
Accrued interest receivable and other assets | 12,505 | 10,184 |
Total assets | 1,013,156 | 977,313 |
LIABILITIES | ||
Noninterest-bearing demand | 254,646 | 257,665 |
Interest bearing demand | 151,848 | 157,462 |
Savings | 354,406 | 369,054 |
Time | 145,252 | 102,381 |
Total deposits | 906,152 | 886,562 |
Short-term borrowings | 25,380 | 21,295 |
Federal Home Loan Bank advances | 24,603 | 8,256 |
Accrued interest and other liabilities | 6,624 | 7,230 |
Total liabilities | 962,759 | 923,343 |
Commitments and contingent liabilities | ||
SHAREHOLDERS’ EQUITY | ||
Preferred stock (no par value, 350,000 shares authorized, none outstanding) | 0 | 0 |
Common stock (no par value, 8,500,000 shares authorized; 3,138,000 and 3,132,056 shares issued as of December 31, 2022 and June 30, 2022, respectively) | 20,557 | 20,287 |
Retained earnings | 61,205 | 56,906 |
Treasury stock, at cost (48,639 and 75,382 common shares as of December 31, 2022 and June 30, 2022, respectively) | (809) | (1,117) |
Accumulated other comprehensive loss | (30,556) | (22,106) |
Total shareholders’ equity | 50,397 | 53,970 |
Total liabilities and shareholders’ equity | $ 1,013,156 | $ 977,313 |
Consolidated Balance Sheets (_2
Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($) $ / shares in Thousands, $ in Thousands | Dec. 31, 2022 | Jun. 30, 2022 |
Held-to-maturity securities, fair value | $ 6,911 | $ 7,831 |
Preferred stock, par value (in dollars per share) | $ 0 | $ 0 |
Preferred stock, shares authorized (in shares) | 350,000 | 350,000 |
Common stock, par value (in dollars per share) | $ 0 | $ 0 |
Common stock, shares authorized (in shares) | 8,500,000 | 8,500,000 |
Common stock, shares issued (in shares) | 3,138,000 | 3,132,056 |
Treasury stock, shares (in shares) | 48,639 | 75,382 |
Consolidated Statements of Inco
Consolidated Statements of Income (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2022 | Dec. 31, 2021 | |
Interest and dividend income | ||||
Loans, including fees | $ 7,955 | $ 7,497 | $ 15,085 | $ 14,565 |
Securities, taxable | 1,301 | 806 | 2,549 | 1,517 |
Securities, tax-exempt | 598 | 508 | 1,183 | 986 |
Equity securities | 9 | 9 | 17 | 17 |
Federal bank and other restricted stocks | 47 | 20 | 70 | 40 |
Federal funds sold and other interest-bearing deposits | 116 | 43 | 196 | 93 |
Total interest and dividend income | 10,026 | 8,883 | 19,100 | 17,218 |
Interest expense | ||||
Deposits | 1,127 | 274 | 1,724 | 570 |
Short-term borrowings | 95 | 1 | 154 | 3 |
Federal Home Loan Bank advances | 28 | 63 | 50 | 127 |
Total interest expense | 1,250 | 338 | 1,928 | 700 |
Net interest income | 8,776 | 8,545 | 17,172 | 16,518 |
Provision for loan losses | 225 | 270 | 635 | 460 |
Net interest income after provision for loan losses | 8,551 | 8,275 | 16,537 | 16,058 |
Noninterest income | ||||
Mortgage banking activity | 72 | 171 | 154 | 429 |
Bank owned life insurance income | 65 | 65 | 130 | 130 |
Securities gains (losses), net | (4) | 2 | (15) | 2 |
Net change in market value of equity securities | (9) | 0 | (33) | 0 |
Other | 105 | 95 | 186 | 178 |
Total noninterest income | 1,155 | 1,221 | 2,286 | 2,494 |
Noninterest expenses | ||||
Salaries and employee benefits | 3,591 | 3,269 | 7,030 | 6,516 |
Occupancy and equipment | 793 | 728 | 1,581 | 1,436 |
Data processing expenses | 192 | 192 | 384 | 406 |
Debit card processing expenses | 275 | 259 | 549 | 527 |
Professional and director fees | 352 | 158 | 587 | 502 |
FDIC assessments | 87 | 186 | 239 | 270 |
Franchise taxes | 141 | 133 | 282 | 266 |
Marketing and advertising | 203 | 164 | 407 | 378 |
Telephone and network communications | 95 | 88 | 182 | 202 |
Amortization of intangible | 14 | 15 | 28 | 26 |
Other | 577 | 457 | 1,129 | 952 |
Total noninterest expenses | 6,320 | 5,649 | 12,398 | 11,481 |
Income before income taxes | 3,386 | 3,847 | 6,425 | 7,071 |
Income tax expense | 577 | 685 | 1,081 | 1,244 |
Net income | $ 2,809 | $ 3,162 | $ 5,344 | $ 5,827 |
Basic and diluted earnings per share (in dollars per share) | $ 0.91 | $ 1.04 | $ 1.74 | $ 1.92 |
Deposit Account [Member] | ||||
Noninterest income | ||||
Noninterest income (in scope of Topic 606) | $ 392 | $ 366 | $ 789 | $ 724 |
Debit Card [Member] | ||||
Noninterest income | ||||
Noninterest income (in scope of Topic 606) | $ 534 | $ 522 | $ 1,075 | $ 1,031 |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | |||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2022 | Dec. 31, 2021 | ||
Net income | $ 2,809 | $ 3,162 | $ 5,344 | $ 5,827 | |
Other comprehensive income (loss), net of tax: | |||||
Unrealized holding gains on available-for-sale securities arising during the period, before tax | 5,429 | (922) | (10,711) | (2,488) | |
Reclassification adjustment for (gains) losses included in income | 4 | [1],[2] | (2) | 15 | (2) |
Net unrealized gains (losses) | 5,433 | (924) | (10,696) | (2,490) | |
Income tax effect | (1,141) | 194 | 2,246 | 522 | |
Net current period other comprehensive gain, net | 4,292 | (730) | (8,450) | (1,968) | |
Total comprehensive income (loss) | $ 7,101 | $ 2,432 | $ (3,106) | $ 3,859 | |
[1]Income tax expense[2]Securities (gains) losses, net |
Condensed Consolidated Statemen
Condensed Consolidated Statements of Changes In Shareholders' Equity (Unaudited) - USD ($) $ in Thousands | Common Stock [Member] | Retained Earnings [Member] | Treasury Stock [Member] | AOCI Attributable to Parent [Member] | Total |
Balance at Jun. 30, 2021 | $ 20,011 | $ 47,663 | $ (1,324) | $ 3,550 | $ 69,900 |
Net income | 5,827 | 5,827 | |||
Other comprehensive income (loss) | 0 | 0 | 0 | (1,968) | (1,968) |
Shares associated with stock awards | 102 | 0 | 207 | 0 | 309 |
Shares issued associated with dividend reinvestment plan and stock purchase plan | 62 | 62 | |||
Cash dividends declared | (972) | (972) | |||
Balance at Dec. 31, 2021 | 20,175 | 52,518 | (1,117) | 1,582 | 73,158 |
Balance at Sep. 30, 2021 | 20,113 | 49,844 | (1,117) | 2,312 | 71,152 |
Net income | 3,162 | 3,162 | |||
Other comprehensive income (loss) | (730) | (730) | |||
Shares issued associated with dividend reinvestment plan and stock purchase plan | 62 | 0 | 0 | 0 | 62 |
Cash dividends declared | (488) | (488) | |||
Balance at Dec. 31, 2021 | 20,175 | 52,518 | (1,117) | 1,582 | 73,158 |
Balance at Jun. 30, 2022 | 20,287 | 56,906 | (1,117) | (22,106) | 53,970 |
Net income | 5,344 | 5,344 | |||
Other comprehensive income (loss) | 0 | 0 | 0 | (8,450) | (8,450) |
Shares associated with stock awards | 35 | 0 | 308 | 0 | 343 |
Restricted stock expense | 118 | 0 | 0 | 118 | |
Shares issued associated with dividend reinvestment plan and stock purchase plan | 117 | 117 | |||
Cash dividends declared | (1,045) | (1,045) | |||
Balance at Dec. 31, 2022 | 20,557 | 61,205 | (809) | (30,556) | 50,397 |
Balance at Sep. 30, 2022 | 20,385 | 58,922 | (1,001) | (34,848) | 43,458 |
Net income | 2,809 | 2,809 | |||
Other comprehensive income (loss) | 0 | 0 | 0 | 4,292 | 4,292 |
Shares associated with stock awards | 0 | 0 | 192 | 0 | 192 |
Restricted stock expense | 118 | 0 | 0 | 118 | |
Shares issued associated with dividend reinvestment plan and stock purchase plan | 54 | 54 | |||
Cash dividends declared | (526) | (526) | |||
Balance at Dec. 31, 2022 | $ 20,557 | $ 61,205 | $ (809) | $ (30,556) | $ 50,397 |
Condensed Consolidated Statem_2
Condensed Consolidated Statements of Changes In Shareholders' Equity (Unaudited) (Parentheticals) - $ / shares | 3 Months Ended | 6 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2022 | Dec. 31, 2021 | |
Shares associated with stock awards (in shares) | 26,743 | 26,743 | 20,571 | |
Shares issued associated with dividend reinvestment plan and stock purchase plan, shares (in shares) | 2,879 | 2,821 | 5,944 | 2,821 |
Common stock, dividends, per share, declared (in dollars per share) | $ 0.17 | $ 0.16 | $ 0.34 | $ 0.32 |
Condensed Consolidated Statem_3
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands | 6 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Cash flows from operating activities | ||
Net cash from operating activities | $ 7,715 | $ 8,548 |
Cash flow from investing activities | ||
Purchases of securities, available-for-sale | (17,091) | (67,274) |
Maturities, calls and principal pay downs of securities, available-for-sale | 11,405 | 16,520 |
Sale of securities, available-for-sale | 3,708 | 1,000 |
Principal pay downs of securities, held-to-maturity | 536 | 976 |
Net decrease in certificate of deposit in other financial institutions | 517 | 1,277 |
Net change in Federal Home Loan Bank stock, at cost | (58) | 0 |
Net increase in loans | (53,257) | (36,719) |
Acquisition, net cash received | 0 | 66,552 |
Premises and equipment purchases | (298) | (794) |
Sale of other repossessed assets | 11 | 0 |
Net cash from investing activities | (54,527) | (18,462) |
Cash flow from financing activities | ||
Net increase in deposit accounts | 19,590 | 16,833 |
Net change in short-term borrowings | 4,085 | (1,521) |
Proceeds from Federal Home Loan Bank advances | 16,400 | 0 |
Repayments of Federal Home Loan Bank advances | (53) | (1,764) |
Proceeds from dividend reinvestment and stock purchase plan | 185 | 62 |
Dividends paid | (1,045) | (972) |
Net cash from financing activities | 39,162 | 12,638 |
Increase (decrease) in cash or cash equivalents | (7,650) | 2,724 |
Cash and cash equivalents, beginning of period | 20,952 | 18,529 |
Cash and cash equivalents, end of period | 13,302 | 21,253 |
Supplemental disclosure of cash flow information: | ||
Interest | 1,815 | 699 |
Federal income taxes | 1,515 | 805 |
Non-cash items: | ||
Transfer from loans to repossessed assets | 11 | 83 |
Issuance of treasury stock for vested stock awards | 343 | 309 |
Branch acquisition: | ||
Goodwill | 2,452 | |
Net noncash liabilities assumed | 0 | (66,552) |
CFBank Branches [Member] | ||
Branch acquisition: | ||
Securities, available-for-sale | 0 | 15,602 |
Loans | 0 | 19,943 |
Premises and equipment | 0 | 413 |
Goodwill | 0 | 1,616 |
Core deposit intangible | 0 | 295 |
Accrued interest receivable and other assets | 0 | 216 |
Total noncash assets acquired | 0 | 38,085 |
Deposits | 0 | 104,538 |
Other liabilities | 0 | 99 |
Total liabilities assumed | $ 0 | $ 104,637 |
Note 1 - Summary of Significant
Note 1 - Summary of Significant Accounting Policies | 6 Months Ended |
Dec. 31, 2022 | |
Notes to Financial Statements | |
Organization, Consolidation and Presentation of Financial Statements Disclosure and Significant Accounting Policies [Text Block] | Note 1 – Summary of Significant Accounting Policies Nature of Operations: Basis of Presentation 10 not 10 June 30, 2022. not may The consolidated financial statements include the accounts of the Corporation and the Bank. All significant inter-company transactions and accounts have been eliminated in consolidation. Segment Information: one Reclassifications: no Recently Issued Accounting Pronouncements Not June 2016, 2016 13, 326 326 2016 13 2016 13 December 15, 2019. December 15, 2018, July 2019, January 2023 October 16, 2019, December 15, 2022 The Corporation is evaluating how adopting this new guidance will impact the consolidated financial statements and the Corporation’s current systems and processes. Management has analyzed and finalized its pool segmentation, established the peer group that will be used as the source of loss experience data, and has started back testing in preparation for adoption of the new methodology. Management plans to use the Net Present Value of Discounted Cash Flow methodology for all loan pools and expects the implementation of ASU No. 2016 13 10%. not one |
Note 2 - Acquisition
Note 2 - Acquisition | 6 Months Ended |
Dec. 31, 2022 | |
Notes to Financial Statements | |
Business Combination Disclosure [Text Block] | Note 2 – Acquisition On July 16, 2021, two The following table summarizes the estimated fair values of the assets acquired and liabilities assumed by the Corporation at the date of the branch acquisition. The core deposit intangible will be amortized over ten not Assets acquired: Cash and cash equivalents $ 515 Securities, available-for-sale 15,602 Loans 19,943 Premises and equipment 413 Core deposit intangible 295 Accrued interest receivable 216 Total assets acquired 36,984 Liabilities assumed: Noninterest-bearing deposits 10,535 Interest-bearing deposits 94,003 Other liabilities 99 Total liabilities assumed 104,637 Fair value of net liabilities assumed (67,653 ) Cash received 66,037 Goodwill $ 1,616 The acquired assets and liabilities were measured at estimated fair values. Management made certain estimates and exercised judgement in accounting for the branch acquisition. The fair value of loans was estimated using discounted contractual cash flows. The book balance of the loans at the time of the branch acquisition was $20,325. The fair value disclosed above reflects a credit-related adjustment of $(388) and an adjustment for other factors of $6. Loans evidencing credit deterioration since origination, purchased credit impaired loans, included in loans receivable were immaterial. Acquisition costs of $144 pre-tax, or $118 after-tax, were recorded during the first 2022. |
Note 3 - Securities
Note 3 - Securities | 6 Months Ended |
Dec. 31, 2022 | |
Notes to Financial Statements | |
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block] | Note 3 – Securities Debt securities The following tables summarize the Corporation’s debt securities as of December 31, 2022 June 30, 2022: Available for-Sale Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value December 31, 2022 Obligations of U.S. Treasury $ 8,925 $ — $ (604 ) $ 8,321 Obligations of U.S. government-sponsored entities and agencies 27,783 — (3,751 ) 24,032 Obligations of state and political subdivisions 106,075 119 (10,259 ) 95,935 U.S. Government-sponsored mortgage-backed securities–residential 108,903 5 (15,670 ) 93,238 U.S. Government-sponsored mortgage-backed securities– commercial 8,613 — (1,860 ) 6,753 U.S. Government-sponsored collateralized mortgage obligations– residential 48,249 22 (5,187 ) 43,084 Other debt securities 17,272 — (1,493 ) 15,779 Total securities available-for-sale $ 325,820 $ 146 $ (38,824 ) $ 287,142 Held-to-Maturity Amortized Cost Gross Unrecognized Gains Gross Unrecognized Losses Fair Value December 31, 2022 Obligations of state and political subdivisions $ 7,338 $ — $ (427 ) $ 6,911 Available-for-sale Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value June 30, 2022 Obligation of U.S Treasury $ 8,909 $ — $ (462 ) $ 8,447 Obligations of U.S. government-sponsored entities and agencies 28,689 — (2,424 ) 26,265 Obligations of state and political subdivisions 105,977 129 (8,749 ) 97,357 U.S. Government-sponsored mortgage-backed securities – residential 113,812 13 (11,642 ) 102,183 U.S. Government-sponsored mortgage-backed securities – commercial 8,623 — (1,322 ) 7,301 U.S. Government-sponsored collateralized mortgage obligations – residential 40,952 1 (2,774 ) 38,179 Other debt securities 17,367 — (752 ) 16,615 Total available-for-sale securities $ 324,329 $ 143 $ (28,125 ) $ 296,347 Held-to-maturity Amortized Cost Gross Unrecognized Gains Gross Unrecognized Losses Fair Value June 30, 2022 Obligations of state and political subdivisions $ 7,874 $ 47 $ (90 ) $ 7,831 Proceeds from the sale of available-for-sale securities were as follows: Three Months Ended December 31, Six Months Ended December 31, 2022 2021 2022 2021 Proceeds from sales $ 1,639 $ 1,000 $ 3,708 $ 1,000 Gross realized gains 1 2 8 2 Gross realized losses 5 — 23 — The income tax benefit related to the net realized loss amounted to $1 for the three six December 31, 2022. three six December 31, 2021. The amortized cost and fair values of debt securities as of December 31, 2022, may not Available-for-Sale Amortized Cost Estimated Fair Value Due in one year or less $ 2,747 $ 2,705 Due after one year through five years 31,708 30,013 Due after five years through ten years 52,323 46,902 Due after ten years 73,277 64,447 Total 160,055 144,067 U.S. Government-sponsored mortgage-backed and related securities 165,765 143,075 Total securities available-for-sale $ 325,820 $ 287,142 Held-to-Maturity Due after one year through five years $ 171 $ 169 Due after five years through ten years 3,289 3,182 Due after ten years 3,878 3,560 Total securities held-to-maturity $ 7,338 $ 6,911 Securities with a carrying value of approximately $131,731 and $126,679 were pledged at December 31, 2022 June 30, 2022, The following table summarizes the securities with unrealized losses as of December 31, 2022 June 30, 2022, Less than 12 Months 12 Months or more Total Available-for-sale Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss December 31, 2022 Obligation of U.S. Treasury $ — $ — $ 8,321 $ (604 ) $ 8,321 $ (604 ) Obligations of U.S. government-sponsored entities and agencies 11,941 (1,392 ) 12,091 (2,359 ) 24,032 (3,751 ) Obligations of state and political subdivisions 73,469 (7,882 ) 11,583 (2,377 ) 85,052 (10,259 ) U.S. Government-sponsored mortgage-backed securities – residential 32,106 (2,959 ) 59,845 (12,711 ) 91,951 (15,670 ) U.S. Government-sponsored mortgage-backed securities – commercial 2,279 (610 ) 4,474 (1,250 ) 6,753 (1,860 ) Collateralized mortgage obligations - residential 27,929 (1,662 ) 14,147 (3,525 ) 42,076 (5,187 ) Other debt securities 6,569 (554 ) 9,210 (939 ) 15,779 (1,493 ) Total temporarily impaired $ 154,293 $ (15,059 ) $ 119,671 $ (23,765 ) $ 273,964 $ (38,824 ) Less than 12 Months 12 Months or more Total Held to Maturity Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss December 31, 2022 Obligations of state and political subdivisions $ 3,729 $ (320 ) $ 3,182 $ (107 ) $ 6,911 $ (427 ) Total temporarily impaired $ 3,729 $ (320 ) $ 3,182 $ (107 ) $ 6,911 $ (427 ) Less than 12 Months 12 Months or more Total Available-for-sale Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss June 30, 2022 Obligations of U.S. Treasury $ 8,447 $ (462 ) $ — $ — $ 8,447 $ (462 ) Obligations of U.S. government-sponsored entities and agencies 26,265 (2,424 ) — — 26,265 (2,424 ) Obligations of state and political subdivisions 80,445 (8,331 ) 2,047 (418 ) 82,492 (8,749 ) Mortgage-backed securities – residential 76,526 (7,586 ) 24,569 (4,056 ) 101,095 (11,642 ) Mortgage-backed securities – commercial 7,301 (1,322 ) — — 7,301 (1,322 ) Collateralized mortgage obligations - residential 30,729 (2,308 ) 2,713 (466 ) 33,442 (2,774 ) Other debt securities 16,156 (711 ) 459 (41 ) 16,615 (752 ) Total temporarily impaired $ 245,869 $ (23,144 ) $ 29,788 $ (4,981 ) $ 275,657 $ (28,125 ) Less than 12 Months 12 Months or more Total Held to Maturity Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss June 30, 2022 Obligations of state and political subdivisions $ 3,522 $ (90 ) — $ — $ 3,522 $ (90 ) Total temporarily impaired $ 3,522 $ (90 ) $ — $ — $ 3,522 $ (90 ) Management evaluates securities for other-than-temporary impairment (OTTI) on a quarterly basis, and more frequently when economic or market conditions warrant such an evaluation. The securities portfolio is evaluated for OTTI by segregating the portfolio into two 320, Accounting for Certain Investments in Debt and Equity Securities In determining OTTI under the ASC Topic 320 1 2 3 4 not At December 31 2022, December 31, 2022 not not not not not Equity Securities The Corporation owned equity securities with an amortized cost of $400 as of December 31, 2022, June 30, 2022. three six December 31, 2022 2021. three six December 31, 2022 2021. Three Months Ended December 31, Six Months Ended December 31, 2022 2021 2022 2021 Unrealized loss recognized on equity securities held at the end of the period $ (9 ) $ — $ (33 ) $ — |
Note 4 - Loans
Note 4 - Loans | 6 Months Ended |
Dec. 31, 2022 | |
Notes to Financial Statements | |
Loans, Notes, Trade and Other Receivables Disclosure [Text Block] | Note 4 – Loans Major classifications of loans were as follows: December 31, 2022 June 30, 2022 Commercial $ 103,513 $ 87,008 Commercial real estate: Construction 16,656 15,158 Other 301,646 291,847 1 – 4 Family residential real estate: Owner occupied 149,177 142,244 Non-owner occupied 23,513 26,029 Construction 7,707 4,317 Consumer 62,470 44,964 Subtotal 664,682 611,567 Net deferred loan fees and costs 287 276 Allowance for loan losses (7,675 ) (7,160 ) Net Loans $ 657,294 $ 604,683 The commercial loan category in the above table includes a mortgage loan warehouse line of credit to another financial institution with an outstanding balance of $9,998 as of December 31, 2022 zero June 30, 2022. The following table presents the activity in the allowance for loan losses by portfolio segment for the three December 31, 2022: 1-4 Family Commercial Residential Real Real Commercial Estate Estate Consumer Total Allowance for loan losses: Beginning balance $ 1,021 $ 4,072 $ 1,676 $ 777 $ 7,546 Provision for loan losses (15 ) 11 1 228 225 Loans charged-off — — — (119 ) (119 ) Recoveries — 1 — 22 23 Total ending allowance balance $ 1,006 $ 4,084 $ 1,677 $ 908 $ 7,675 The following table presents the activity in the allowance for loan losses by portfolio segment for the six December 31, 2022: 1-4 Family Commercial Residential Real Real Commercial Estate Estate Consumer Total Allowance for loan losses: Beginning balance $ 960 $ 3,927 $ 1,645 $ 628 $ 7,160 Provision for loan losses 46 156 36 397 635 Loans charged-off — — (6 ) (191 ) (197 ) Recoveries — 1 2 74 77 Total ending allowance balance $ 1,006 $ 4,084 $ 1,677 $ 908 $ 7,675 The following table presents the activity in the allowance for loan losses by portfolio segment for the three December 31, 2021: 1-4 Family Commercial Residential Real Real Commercial Estate Estate Consumer Total Allowance for loan losses: Beginning balance $ 906 $ 3,985 $ 1,430 $ 356 $ 6,677 Provision for loan losses 49 62 97 62 270 Loans charged-off — — (40 ) (13 ) (53 ) Recoveries 21 2 3 12 38 Total ending allowance balance $ 976 $ 4,049 $ 1,490 $ 417 $ 6,932 The following table presents the activity in the allowance for loan losses by portfolio segment for the six December 31, 2021: 1-4 Family Commercial Residential Real Real Commercial Estate Estate Consumer Total Allowance for loan losses: Beginning balance $ 904 $ 3,949 $ 1,307 $ 311 $ 6,471 Provision for loan losses 51 98 207 104 460 Loans charged-off — — (40 ) (47 ) (87 ) Recoveries 21 2 16 49 88 Total ending allowance balance $ 976 $ 4,049 $ 1,490 $ 417 $ 6,932 The following table presents the balance in the allowance for loan losses and the recorded investment in loans by portfolio segment and based on impairment method as of December 31, 2022. 1-4 Family Commercial Residential Real Real Commercial Estate Estate Consumer Total Ending allowance for loan losses balance attributable to loans: Individually evaluated for impairment $ — $ — $ — $ — $ — Acquired loans collectively evaluated for impairment — 51 77 — 128 Originated loans collectively evaluated for impairment 1,006 4,033 1,600 908 7,547 Total ending allowance balance $ 1,006 $ 4,084 $ 1,677 $ 908 $ 7,675 Recorded investment in loans: Loans individually evaluated for impairment $ 315 $ 40 $ 47 $ — $ 402 Acquired loans collectively evaluated for impairment 674 7,706 25,052 2,029 35,461 Originated loans collectively evaluated for impairment 102,804 310,578 156,784 60,434 630,600 Total ending loans balance $ 103,793 $ 318,324 $ 181,883 $ 62,463 $ 666,463 The following table presents the balance in the allowance for loan losses and the recorded investment in loans by portfolio segment and based on impairment method as of June 30, 2022. 1-4 Family Commercial Residential Real Real Commercial Estate Estate Consumer Total Allowance for loan losses: Ending allowance balance attributable to loans: Individually evaluated for impairment $ — $ — $ — $ — $ — Acquired loans collectively evaluated for impairment 1 62 85 — 148 Originated loans collectively evaluated for impairment 959 3,865 1,560 628 7,012 Total ending allowance balance $ 960 $ 3,927 $ 1,645 $ 628 $ 7,160 Recorded investment in loans: Loans individually evaluated for impairment $ 276 $ 42 $ 155 $ — $ 473 Acquired loans collectively evaluated for impairment 665 10,095 27,731 3,051 41,542 Originated loans collectively evaluated for impairment 86,310 296,776 146,058 41,898 571,042 Total ending loans balance $ 87,251 $ 306,913 $ 173,944 $ 44,949 $ 613,057 The following table presents information related to unpaid principal balance, recorded investment and interest income associated with loans individually evaluated for impairment by class of loans as of December 31, 2022 six December 31, 2022: As of December 31, 2022 Six Months ended December 31, 2022 Unpaid Allowance for Loan Average Interest Cash Basis Principal Recorded Losses Recorded Income Interest Balance Investment Allocated Investment Recognized Recognized With no related allowance recorded: Commercial $ 408 $ 315 $ — $ 297 $ 18 $ 18 Commercial real estate: Other 79 40 — 40 4 4 1-4 Family residential real estate: Owner occupied 45 20 — 20 2 2 Non-owner occupied 27 27 — 53 — — Total $ 559 $ 402 $ — $ 410 $ 24 $ 24 The following table presents information related to average recorded investment and interest income associated with loans individually evaluated for impairment by class of loans for the three December 31, 2022: Average Interest Cash Basis Recorded Income Interest Investment Recognized Recognized With no related allowance recorded: Commercial $ 308 $ 8 $ 8 Commercial real estate: Other 40 1 1 1-4 Family residential real estate: Owner occupied 20 1 1 Non-owner occupied 27 — — Total $ 395 $ 10 $ 10 The following table presents information related to unpaid principal balance, recorded investment and interest income associated with loans individually evaluated for impairment by class of loans as of June 30, 2022 six December 31, 2021: As of June 30, 2022 Six Months ended December 31, 2021 Unpaid Allowance for Loan Average Interest Cash Basis Principal Recorded Losses Recorded Income Interest Balance Investment Allocated Investment Recognized Recognized With no related allowance recorded: Commercial $ 414 $ 276 $ — $ 297 $ — $ — Commercial real estate: Other 83 42 — 802 102 102 1-4 Family residential real estate: Owner occupied 48 22 — 317 3 3 Non-owner occupied 193 133 — 167 75 75 With an allowance recorded: Commercial — — — 128 4 4 Total $ 738 $ 473 $ — $ 1,711 $ 184 $ 184 The following table presents information related to average recorded investment and interest income associated with loans individually evaluated for impairment by class of loans for the three December 31, 2021: Average Interest Cash Basis Recorded Income Interest Investment Recognized Recognized With no related allowance recorded: Commercial $ 295 $ — $ — Commercial real estate: Other 691 99 99 1-4 Family residential real estate: Owner occupied 272 1 1 Non-owner occupied 132 75 75 With an allowance recorded: Commercial 126 2 2 Total $ 1,516 $ 177 $ 177 The following table presents the recorded investment in non-accrual and loans past due over 90 December 31, 2022 June 30, 2022: December 31, 2022 June 30, 2022 Loans Past Due Loans Past Due Over 90 Days Over 90 Days Still Still Non-accrual Accruing Non-accrual Accruing Commercial $ — $ — $ 276 $ 9 1 – 4 Family residential: Owner occupied 20 — 22 — Non-owner occupied 27 — 133 — Total $ 47 $ — $ 431 $ 9 Non-accrual loans and loans past due 90 The following table presents the aging of the recorded investment in past due loans as of December 31, 2022 Days Past Due 30 - 59 60 - 89 90 Days or Total Loans Not Days Days Greater Past Due Past Due Total Commercial $ — $ — $ — $ — $ 103,793 $ 103,793 Commercial real estate: Construction — — — — 16,655 16,655 Other 52 — — 52 301,617 301,669 1-4 Family residential: Owner occupied 532 6 — 538 150,033 150,571 Non-owner occupied — 4 27 31 23,497 23,528 Construction — — — — 7,784 7,784 Consumer 499 131 — 630 61,833 62,463 Total $ 1,083 $ 141 $ 27 $ 1,251 $ 665,212 $ 666,463 The above table of past due loans includes the recorded investment in non-accrual loans of $27 in the 90 not The following table presents the aging of the recorded investment in past due loans as of June 30, 2022 Days Past Due 30 - 59 60 - 89 90 Days or Total Loans Not Days Days Greater Past Due Past Due Total Commercial $ — $ — $ 9 $ 9 $ 87,242 $ 87,251 Commercial real estate: Construction — — — — 15,138 15,138 Other 52 — — 52 291,723 291,775 1-4 Family residential: Owner occupied 125 — — 125 143,381 143,506 Non-owner occupied — — 27 27 26,036 26,063 Construction — — — — 4,375 4,375 Consumer 381 79 — 460 44,489 44,949 Total $ 558 $ 79 $ 36 $ 673 $ 612,384 $ 613,057 The above table of past due loans includes the recorded investment in non-accrual loans of $27 in the 90 not Troubled Debt Restructurings (TDR): The Corporation has certain loans that have been modified in order to maximize collection of loan balances that are classified as TDRs. A modified loan is usually classified as a TDR if, for economic reasons, management grants a concession to the original terms and conditions of the loan to a borrower who is experiencing financial difficulties that it would not As of December 31, 2022 June 30, 2022, December 31, 2022 June 30, 2022, not December 31, 2022 June 30, 2022 no During the three six December 31, 2022 2021, three six December 31, 2022 2021. There were no loans classified as troubled debt restructurings for which there was a payment default within 12 three six December 31, 2022 2021. 90 Credit Quality Indicators: The Corporation categorizes loans into risk categories based on relevant information about the ability of borrowers to service their debt such as: current financial information, historical payment experience, credit documentation, public information, current economic trends and other relevant information. The Corporation analyzes loans individually by classifying the loans as to credit risk. This analysis includes loans with a total outstanding loan relationship greater than $100 and non-homogeneous loans, such as commercial and commercial real estate loans. Management monitors the loans on an ongoing basis for any changes in the borrower’s ability to service their debt and affirms the risk ratings for the loans and leases in their respective portfolio on an annual basis. The Corporation uses the following definitions for risk ratings: Special Mention. may Substandard. not Doubtful. Loans not not $100 1 4 not As of December 31, 2022 Special Not Pass Mention Substandard Doubtful Rated Commercial $ 102,974 $ 206 $ 471 $ — $ 142 Commercial real estate: Construction 16,655 — — — — Other 294,165 2,233 4,653 — 618 1-4 Family residential real estate: Owner occupied 1,326 — 19 20 149,206 Non-owner occupied 23,075 55 110 27 261 Construction 2,858 — — — 4,926 Consumer 1,648 — — — 60,815 Total $ 442,701 $ 2,494 $ 5,253 $ 47 $ 215,968 As of June 30, 2022, As of June 30, 2022 Special Not Pass Mention Substandard Doubtful Rated Commercial $ 86,265 $ 350 $ 178 $ 276 $ 182 Commercial real estate: Construction 15,138 — — — — Other 283,877 2,500 4,711 — 687 1-4 Family residential real estate: Owner occupied 1,321 — — 22 142,163 Non-owner occupied 25,606 59 — 133 265 Construction 1,234 — — — 3,141 Consumer 605 — — — 44,344 Total $ 414,046 $ 2,909 $ 4,889 $ 431 $ 190,782 |
Note 5 - Fair Value
Note 5 - Fair Value | 6 Months Ended |
Dec. 31, 2022 | |
Notes to Financial Statements | |
Fair Value Disclosures [Text Block] | Note 5 Fair value is the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. There are three may Level 1: Level 2: 1 not Level 3: Financial assets and financial liabilities measured at fair value on a recurring basis include the following: Securities available-for-sale: 1 not 2 not 3 Assets and liabilities measured at fair value on a recurring basis are summarized below, segregated by the level of the valuation inputs within the fair value hierarchy utilized to measure fair value: Balance at Fair Value Measurements at December 31, 2022 2022 Level 1 Level 2 Level 3 Assets: Obligations of U.S. Treasury $ 8,321 $ — $ 8,321 $ — Obligations of U.S. government-sponsored entities and agencies 24,032 — 24,032 — Obligations of state and political subdivisions 95,935 — 95,935 — U.S. Government-sponsored mortgage-backed securities – residential 93,238 — 93,238 — U.S. Government-sponsored mortgage-backed securities – commercial 6,753 — 6,753 — U.S. Government-sponsored collateralized mortgage obligations - residential 43,084 — 43,084 — Other debt securities 15,779 — 15,779 — Equity securities 367 — 367 — Balance at June 30, Fair Value Measurements at June 30, 2022 2022 Level 1 Level 2 Level 3 Assets: Obligations of U.S. treasury $ 8,447 $ — $ 8,447 $ — Obligations of U.S. government-sponsored entities and agencies 26,265 — 26,265 — Obligations of state and political subdivisions 97,357 — 97,357 — U.S. government-sponsored mortgage-backed securities - residential 102,183 — 102,183 — U.S. government-sponsored mortgage-backed securities - commercial 7,301 — 7,301 — U.S. government-sponsored collateralized mortgage obligations - residential 38,179 — 38,179 — Other debt securities 16,615 — 16,615 — Equity securities 400 — 400 — There were no 1 2 three six December 31, 2022. Certain assets and liabilities are measured at fair value on a non-recurring basis; that is, the instruments are not Impaired Loans: may 3 December 31, 2022 June 30, 2022 three six December 31, 2022 2021. Other Real Estate and Repossessed Assets Owned: December 31, 2022 June 30, 2022. The following table shows the estimated fair values of financial instruments that are reported at amortized cost in the Corporation’s consolidated balance sheets, segregated by the level of the valuation inputs within the fair value hierarchy utilized to measure fair value: December 31, 2022 June 30, 2022 Carrying Amount Estimated Fair Value Carrying Amount Estimated Fair Value Financial Assets: Level 1 inputs: Cash and cash equivalents $ 13,302 $ 13,302 $ 20,952 $ 20,952 Level 2 inputs: Certificates of deposit in other financial institutions 3,264 3,146 3,781 3,847 Loans held for sale 100 101 1,165 1,188 Accrued interest receivable 3,017 3,017 2,703 2,703 Level 3 inputs: Securities held-to-maturity 7,338 6,911 7,874 7,831 Loans, net 657,294 600,039 604,683 577,708 Financial Liabilities: Level 2 inputs: Demand and savings deposits 760,900 760,900 784,181 784,181 Time deposits 145,252 145,027 102,381 102,622 Short-term borrowings 25,380 25,380 21,295 21,295 Federal Home Loan Bank advances 24,603 23,341 8,256 7,215 Accrued interest payable 162 162 49 49 |
Note 6 - Earnings Per Share
Note 6 - Earnings Per Share | 6 Months Ended |
Dec. 31, 2022 | |
Notes to Financial Statements | |
Earnings Per Share [Text Block] | Note 6 – Earnings Per Share Basic earnings per share is the amount of earnings available to each share of common stock outstanding during the reporting period and is equal to net income divided by the weighted average number of shares outstanding during the period. Diluted earnings per share is the amount of earnings available to each share of common stock outstanding during the reporting period adjusted to include the effect of potentially dilutive common shares that may three six December 31, 2022. three December 31, 2021 six December 31, 2021. For the Three Months Ended December 31, For the Six Months Ended December 31, 2022 2021 2022 2021 Basic: Net income available to common shareholders $ 2,809 $ 3,162 $ 5,344 $ 5,827 Weighted average common shares outstanding 3,076,207 3,034,362 3,065,719 3,032,416 Basic income per share $ 0.91 $ 1.04 $ 1.74 $ 1.92 Diluted: Net income available to common shareholders $ 2,809 $ 3,162 $ 5,344 $ 5,827 Weighted average common shares outstanding 3,076,207 3,034,362 3,065,719 3,032,416 Dilutive effect of restricted stock 814 438 — 233 Total common shares and dilutive potential common shares 3,077,021 3,034,800 3,065,719 3,032,649 Dilutive income per share $ 0.91 $ 1.04 $ 1.74 $ 1.92 |
Note 7 - Accumulated Other Comp
Note 7 - Accumulated Other Comprehensive Income (Loss) | 6 Months Ended |
Dec. 31, 2022 | |
Notes to Financial Statements | |
Comprehensive Income (Loss) Note [Text Block] | Note 7 – Accumulated Other Comprehensive Income (Loss) The components of other comprehensive income related to unrealized gains and losses on available-for-sale securities for the three December 31, 2022 2021, Pretax Tax Effect After-tax Affected Line Balance as of September 30, 2022 $ (44,111 ) $ 9,263 $ (34,848 ) Unrealized holding gains on available-for-sale securities arising during the period 5,429 (1,140 ) 4,289 Amounts reclassified from accumulated other comprehensive income 4 (1 ) 3 (a)(b) Net current period other comprehensive gain 5,433 (1,141 ) 4,292 Balance as of December 31, 2022 $ (38,678 ) $ 8,122 $ (30,556 ) Pretax Tax Effect After-tax Affected Line Balance as of September 30, 2021 $ 2,927 $ (615 ) $ 2,312 Unrealized holding losses on available-for-sale securities arising during the period (922 ) 194 (728 ) Amounts reclassified from accumulated other comprehensive income (2 ) — (2 ) (a)(b) Net current period other comprehensive loss (924 ) 194 (730 ) Balance as of December 31, 2021 $ 2,003 $ (421 ) $ 1,582 Pretax Tax Effect After-tax Affected Line Balance as of June 30, 2022 $ (27,982 ) $ 5,876 $ (22,106 ) Unrealized holding losses on available-for-sale securities arising during the period (10,711 ) 2,249 (8,462 ) Amounts reclassified from accumulated other comprehensive income 15 (3 ) 12 (a)(b) Net current period other comprehensive loss (10,696 ) 2,246 (8,450 ) Balance as of December 31, 2022 $ (38,678 ) $ 8,122 $ (30,556 ) Pretax Tax Effect After-tax Affected Line Balance as of June 30, 2021 $ 4,493 $ (943 ) $ 3,550 Unrealized holding losses on available-for-sale securities arising during the period (2,488 ) 522 (1,966 ) Amounts reclassified from accumulated other comprehensive income (2 ) — (2 ) (a)(b) Net current period other comprehensive loss (2,490 ) 522 (1,968 ) Balance as of December 31, 2021 $ 2,003 $ (421 ) $ 1,582 (a) Securities (gains) losses, net (b) Income tax expense |
Note 8 - COVID-19
Note 8 - COVID-19 | 6 Months Ended |
Dec. 31, 2022 | |
COVID 19 [Member] | |
Notes to Financial Statements | |
Unusual or Infrequent Items, or Both, Disclosure [Text Block] | Note 8 – COVID- 19 In December 2019, March 11, 2020. 19 may |
Significant Accounting Policies
Significant Accounting Policies (Policies) | 6 Months Ended |
Dec. 31, 2022 | |
Accounting Policies [Abstract] | |
Nature of Operations [Policy Text Block] | Nature of Operations: |
Basis of Accounting, Policy [Policy Text Block] | Basis of Presentation 10 not 10 June 30, 2022. not may The consolidated financial statements include the accounts of the Corporation and the Bank. All significant inter-company transactions and accounts have been eliminated in consolidation. |
Segment Reporting, Policy [Policy Text Block] | Segment Information: one |
Reclassification, Comparability Adjustment [Policy Text Block] | Reclassifications: no |
New Accounting Pronouncements, Policy [Policy Text Block] | Recently Issued Accounting Pronouncements Not June 2016, 2016 13, 326 326 2016 13 2016 13 December 15, 2019. December 15, 2018, July 2019, January 2023 October 16, 2019, December 15, 2022 The Corporation is evaluating how adopting this new guidance will impact the consolidated financial statements and the Corporation’s current systems and processes. Management has analyzed and finalized its pool segmentation, established the peer group that will be used as the source of loss experience data, and has started back testing in preparation for adoption of the new methodology. Management plans to use the Net Present Value of Discounted Cash Flow methodology for all loan pools and expects the implementation of ASU No. 2016 13 10%. not one |
Note 2 - Acquisition (Tables)
Note 2 - Acquisition (Tables) | 6 Months Ended |
Dec. 31, 2022 | |
Notes Tables | |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block] | Assets acquired: Cash and cash equivalents $ 515 Securities, available-for-sale 15,602 Loans 19,943 Premises and equipment 413 Core deposit intangible 295 Accrued interest receivable 216 Total assets acquired 36,984 Liabilities assumed: Noninterest-bearing deposits 10,535 Interest-bearing deposits 94,003 Other liabilities 99 Total liabilities assumed 104,637 Fair value of net liabilities assumed (67,653 ) Cash received 66,037 Goodwill $ 1,616 |
Note 3 - Securities (Tables)
Note 3 - Securities (Tables) | 6 Months Ended |
Dec. 31, 2022 | |
Notes Tables | |
Marketable Securities [Table Text Block] | Available for-Sale Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value December 31, 2022 Obligations of U.S. Treasury $ 8,925 $ — $ (604 ) $ 8,321 Obligations of U.S. government-sponsored entities and agencies 27,783 — (3,751 ) 24,032 Obligations of state and political subdivisions 106,075 119 (10,259 ) 95,935 U.S. Government-sponsored mortgage-backed securities–residential 108,903 5 (15,670 ) 93,238 U.S. Government-sponsored mortgage-backed securities– commercial 8,613 — (1,860 ) 6,753 U.S. Government-sponsored collateralized mortgage obligations– residential 48,249 22 (5,187 ) 43,084 Other debt securities 17,272 — (1,493 ) 15,779 Total securities available-for-sale $ 325,820 $ 146 $ (38,824 ) $ 287,142 Held-to-Maturity Amortized Cost Gross Unrecognized Gains Gross Unrecognized Losses Fair Value December 31, 2022 Obligations of state and political subdivisions $ 7,338 $ — $ (427 ) $ 6,911 Available-for-sale Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value June 30, 2022 Obligation of U.S Treasury $ 8,909 $ — $ (462 ) $ 8,447 Obligations of U.S. government-sponsored entities and agencies 28,689 — (2,424 ) 26,265 Obligations of state and political subdivisions 105,977 129 (8,749 ) 97,357 U.S. Government-sponsored mortgage-backed securities – residential 113,812 13 (11,642 ) 102,183 U.S. Government-sponsored mortgage-backed securities – commercial 8,623 — (1,322 ) 7,301 U.S. Government-sponsored collateralized mortgage obligations – residential 40,952 1 (2,774 ) 38,179 Other debt securities 17,367 — (752 ) 16,615 Total available-for-sale securities $ 324,329 $ 143 $ (28,125 ) $ 296,347 Held-to-maturity Amortized Cost Gross Unrecognized Gains Gross Unrecognized Losses Fair Value June 30, 2022 Obligations of state and political subdivisions $ 7,874 $ 47 $ (90 ) $ 7,831 |
Schedule of Realized Gain (Loss) [Table Text Block] | Three Months Ended December 31, Six Months Ended December 31, 2022 2021 2022 2021 Proceeds from sales $ 1,639 $ 1,000 $ 3,708 $ 1,000 Gross realized gains 1 2 8 2 Gross realized losses 5 — 23 — |
Investments Classified by Contractual Maturity Date [Table Text Block] | Available-for-Sale Amortized Cost Estimated Fair Value Due in one year or less $ 2,747 $ 2,705 Due after one year through five years 31,708 30,013 Due after five years through ten years 52,323 46,902 Due after ten years 73,277 64,447 Total 160,055 144,067 U.S. Government-sponsored mortgage-backed and related securities 165,765 143,075 Total securities available-for-sale $ 325,820 $ 287,142 Held-to-Maturity Due after one year through five years $ 171 $ 169 Due after five years through ten years 3,289 3,182 Due after ten years 3,878 3,560 Total securities held-to-maturity $ 7,338 $ 6,911 |
Schedule of Unrealized Loss on Investments [Table Text Block] | Less than 12 Months 12 Months or more Total Available-for-sale Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss December 31, 2022 Obligation of U.S. Treasury $ — $ — $ 8,321 $ (604 ) $ 8,321 $ (604 ) Obligations of U.S. government-sponsored entities and agencies 11,941 (1,392 ) 12,091 (2,359 ) 24,032 (3,751 ) Obligations of state and political subdivisions 73,469 (7,882 ) 11,583 (2,377 ) 85,052 (10,259 ) U.S. Government-sponsored mortgage-backed securities – residential 32,106 (2,959 ) 59,845 (12,711 ) 91,951 (15,670 ) U.S. Government-sponsored mortgage-backed securities – commercial 2,279 (610 ) 4,474 (1,250 ) 6,753 (1,860 ) Collateralized mortgage obligations - residential 27,929 (1,662 ) 14,147 (3,525 ) 42,076 (5,187 ) Other debt securities 6,569 (554 ) 9,210 (939 ) 15,779 (1,493 ) Total temporarily impaired $ 154,293 $ (15,059 ) $ 119,671 $ (23,765 ) $ 273,964 $ (38,824 ) Less than 12 Months 12 Months or more Total Held to Maturity Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss December 31, 2022 Obligations of state and political subdivisions $ 3,729 $ (320 ) $ 3,182 $ (107 ) $ 6,911 $ (427 ) Total temporarily impaired $ 3,729 $ (320 ) $ 3,182 $ (107 ) $ 6,911 $ (427 ) Less than 12 Months 12 Months or more Total Available-for-sale Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss June 30, 2022 Obligations of U.S. Treasury $ 8,447 $ (462 ) $ — $ — $ 8,447 $ (462 ) Obligations of U.S. government-sponsored entities and agencies 26,265 (2,424 ) — — 26,265 (2,424 ) Obligations of state and political subdivisions 80,445 (8,331 ) 2,047 (418 ) 82,492 (8,749 ) Mortgage-backed securities – residential 76,526 (7,586 ) 24,569 (4,056 ) 101,095 (11,642 ) Mortgage-backed securities – commercial 7,301 (1,322 ) — — 7,301 (1,322 ) Collateralized mortgage obligations - residential 30,729 (2,308 ) 2,713 (466 ) 33,442 (2,774 ) Other debt securities 16,156 (711 ) 459 (41 ) 16,615 (752 ) Total temporarily impaired $ 245,869 $ (23,144 ) $ 29,788 $ (4,981 ) $ 275,657 $ (28,125 ) Less than 12 Months 12 Months or more Total Held to Maturity Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss June 30, 2022 Obligations of state and political subdivisions $ 3,522 $ (90 ) — $ — $ 3,522 $ (90 ) Total temporarily impaired $ 3,522 $ (90 ) $ — $ — $ 3,522 $ (90 ) |
Unrealized Gain (Loss) on Investments [Table Text Block] | Three Months Ended December 31, Six Months Ended December 31, 2022 2021 2022 2021 Unrealized loss recognized on equity securities held at the end of the period $ (9 ) $ — $ (33 ) $ — |
Note 4 - Loans (Tables)
Note 4 - Loans (Tables) | 6 Months Ended |
Dec. 31, 2022 | |
Notes Tables | |
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] | December 31, 2022 June 30, 2022 Commercial $ 103,513 $ 87,008 Commercial real estate: Construction 16,656 15,158 Other 301,646 291,847 1 – 4 Family residential real estate: Owner occupied 149,177 142,244 Non-owner occupied 23,513 26,029 Construction 7,707 4,317 Consumer 62,470 44,964 Subtotal 664,682 611,567 Net deferred loan fees and costs 287 276 Allowance for loan losses (7,675 ) (7,160 ) Net Loans $ 657,294 $ 604,683 |
Financing Receivable, Allowance for Credit Loss [Table Text Block] | 1-4 Family Commercial Residential Real Real Commercial Estate Estate Consumer Total Allowance for loan losses: Beginning balance $ 1,021 $ 4,072 $ 1,676 $ 777 $ 7,546 Provision for loan losses (15 ) 11 1 228 225 Loans charged-off — — — (119 ) (119 ) Recoveries — 1 — 22 23 Total ending allowance balance $ 1,006 $ 4,084 $ 1,677 $ 908 $ 7,675 1-4 Family Commercial Residential Real Real Commercial Estate Estate Consumer Total Allowance for loan losses: Beginning balance $ 960 $ 3,927 $ 1,645 $ 628 $ 7,160 Provision for loan losses 46 156 36 397 635 Loans charged-off — — (6 ) (191 ) (197 ) Recoveries — 1 2 74 77 Total ending allowance balance $ 1,006 $ 4,084 $ 1,677 $ 908 $ 7,675 1-4 Family Commercial Residential Real Real Commercial Estate Estate Consumer Total Allowance for loan losses: Beginning balance $ 906 $ 3,985 $ 1,430 $ 356 $ 6,677 Provision for loan losses 49 62 97 62 270 Loans charged-off — — (40 ) (13 ) (53 ) Recoveries 21 2 3 12 38 Total ending allowance balance $ 976 $ 4,049 $ 1,490 $ 417 $ 6,932 1-4 Family Commercial Residential Real Real Commercial Estate Estate Consumer Total Allowance for loan losses: Beginning balance $ 904 $ 3,949 $ 1,307 $ 311 $ 6,471 Provision for loan losses 51 98 207 104 460 Loans charged-off — — (40 ) (47 ) (87 ) Recoveries 21 2 16 49 88 Total ending allowance balance $ 976 $ 4,049 $ 1,490 $ 417 $ 6,932 1-4 Family Commercial Residential Real Real Commercial Estate Estate Consumer Total Ending allowance for loan losses balance attributable to loans: Individually evaluated for impairment $ — $ — $ — $ — $ — Acquired loans collectively evaluated for impairment — 51 77 — 128 Originated loans collectively evaluated for impairment 1,006 4,033 1,600 908 7,547 Total ending allowance balance $ 1,006 $ 4,084 $ 1,677 $ 908 $ 7,675 Recorded investment in loans: Loans individually evaluated for impairment $ 315 $ 40 $ 47 $ — $ 402 Acquired loans collectively evaluated for impairment 674 7,706 25,052 2,029 35,461 Originated loans collectively evaluated for impairment 102,804 310,578 156,784 60,434 630,600 Total ending loans balance $ 103,793 $ 318,324 $ 181,883 $ 62,463 $ 666,463 1-4 Family Commercial Residential Real Real Commercial Estate Estate Consumer Total Allowance for loan losses: Ending allowance balance attributable to loans: Individually evaluated for impairment $ — $ — $ — $ — $ — Acquired loans collectively evaluated for impairment 1 62 85 — 148 Originated loans collectively evaluated for impairment 959 3,865 1,560 628 7,012 Total ending allowance balance $ 960 $ 3,927 $ 1,645 $ 628 $ 7,160 Recorded investment in loans: Loans individually evaluated for impairment $ 276 $ 42 $ 155 $ — $ 473 Acquired loans collectively evaluated for impairment 665 10,095 27,731 3,051 41,542 Originated loans collectively evaluated for impairment 86,310 296,776 146,058 41,898 571,042 Total ending loans balance $ 87,251 $ 306,913 $ 173,944 $ 44,949 $ 613,057 |
Impaired Financing Receivables [Table Text Block] | As of December 31, 2022 Six Months ended December 31, 2022 Unpaid Allowance for Loan Average Interest Cash Basis Principal Recorded Losses Recorded Income Interest Balance Investment Allocated Investment Recognized Recognized With no related allowance recorded: Commercial $ 408 $ 315 $ — $ 297 $ 18 $ 18 Commercial real estate: Other 79 40 — 40 4 4 1-4 Family residential real estate: Owner occupied 45 20 — 20 2 2 Non-owner occupied 27 27 — 53 — — Total $ 559 $ 402 $ — $ 410 $ 24 $ 24 Average Interest Cash Basis Recorded Income Interest Investment Recognized Recognized With no related allowance recorded: Commercial $ 308 $ 8 $ 8 Commercial real estate: Other 40 1 1 1-4 Family residential real estate: Owner occupied 20 1 1 Non-owner occupied 27 — — Total $ 395 $ 10 $ 10 As of June 30, 2022 Six Months ended December 31, 2021 Unpaid Allowance for Loan Average Interest Cash Basis Principal Recorded Losses Recorded Income Interest Balance Investment Allocated Investment Recognized Recognized With no related allowance recorded: Commercial $ 414 $ 276 $ — $ 297 $ — $ — Commercial real estate: Other 83 42 — 802 102 102 1-4 Family residential real estate: Owner occupied 48 22 — 317 3 3 Non-owner occupied 193 133 — 167 75 75 With an allowance recorded: Commercial — — — 128 4 4 Total $ 738 $ 473 $ — $ 1,711 $ 184 $ 184 Average Interest Cash Basis Recorded Income Interest Investment Recognized Recognized With no related allowance recorded: Commercial $ 295 $ — $ — Commercial real estate: Other 691 99 99 1-4 Family residential real estate: Owner occupied 272 1 1 Non-owner occupied 132 75 75 With an allowance recorded: Commercial 126 2 2 Total $ 1,516 $ 177 $ 177 |
Financing Receivable, Past Due [Table Text Block] | December 31, 2022 June 30, 2022 Loans Past Due Loans Past Due Over 90 Days Over 90 Days Still Still Non-accrual Accruing Non-accrual Accruing Commercial $ — $ — $ 276 $ 9 1 – 4 Family residential: Owner occupied 20 — 22 — Non-owner occupied 27 — 133 — Total $ 47 $ — $ 431 $ 9 Days Past Due 30 - 59 60 - 89 90 Days or Total Loans Not Days Days Greater Past Due Past Due Total Commercial $ — $ — $ — $ — $ 103,793 $ 103,793 Commercial real estate: Construction — — — — 16,655 16,655 Other 52 — — 52 301,617 301,669 1-4 Family residential: Owner occupied 532 6 — 538 150,033 150,571 Non-owner occupied — 4 27 31 23,497 23,528 Construction — — — — 7,784 7,784 Consumer 499 131 — 630 61,833 62,463 Total $ 1,083 $ 141 $ 27 $ 1,251 $ 665,212 $ 666,463 Days Past Due 30 - 59 60 - 89 90 Days or Total Loans Not Days Days Greater Past Due Past Due Total Commercial $ — $ — $ 9 $ 9 $ 87,242 $ 87,251 Commercial real estate: Construction — — — — 15,138 15,138 Other 52 — — 52 291,723 291,775 1-4 Family residential: Owner occupied 125 — — 125 143,381 143,506 Non-owner occupied — — 27 27 26,036 26,063 Construction — — — — 4,375 4,375 Consumer 381 79 — 460 44,489 44,949 Total $ 558 $ 79 $ 36 $ 673 $ 612,384 $ 613,057 |
Financing Receivable Credit Quality Indicators [Table Text Block] | As of December 31, 2022 Special Not Pass Mention Substandard Doubtful Rated Commercial $ 102,974 $ 206 $ 471 $ — $ 142 Commercial real estate: Construction 16,655 — — — — Other 294,165 2,233 4,653 — 618 1-4 Family residential real estate: Owner occupied 1,326 — 19 20 149,206 Non-owner occupied 23,075 55 110 27 261 Construction 2,858 — — — 4,926 Consumer 1,648 — — — 60,815 Total $ 442,701 $ 2,494 $ 5,253 $ 47 $ 215,968 As of June 30, 2022 Special Not Pass Mention Substandard Doubtful Rated Commercial $ 86,265 $ 350 $ 178 $ 276 $ 182 Commercial real estate: Construction 15,138 — — — — Other 283,877 2,500 4,711 — 687 1-4 Family residential real estate: Owner occupied 1,321 — — 22 142,163 Non-owner occupied 25,606 59 — 133 265 Construction 1,234 — — — 3,141 Consumer 605 — — — 44,344 Total $ 414,046 $ 2,909 $ 4,889 $ 431 $ 190,782 |
Note 5 - Fair Value (Tables)
Note 5 - Fair Value (Tables) | 6 Months Ended |
Dec. 31, 2022 | |
Notes Tables | |
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block] | Balance at Fair Value Measurements at December 31, 2022 2022 Level 1 Level 2 Level 3 Assets: Obligations of U.S. Treasury $ 8,321 $ — $ 8,321 $ — Obligations of U.S. government-sponsored entities and agencies 24,032 — 24,032 — Obligations of state and political subdivisions 95,935 — 95,935 — U.S. Government-sponsored mortgage-backed securities – residential 93,238 — 93,238 — U.S. Government-sponsored mortgage-backed securities – commercial 6,753 — 6,753 — U.S. Government-sponsored collateralized mortgage obligations - residential 43,084 — 43,084 — Other debt securities 15,779 — 15,779 — Equity securities 367 — 367 — Balance at June 30, Fair Value Measurements at June 30, 2022 2022 Level 1 Level 2 Level 3 Assets: Obligations of U.S. treasury $ 8,447 $ — $ 8,447 $ — Obligations of U.S. government-sponsored entities and agencies 26,265 — 26,265 — Obligations of state and political subdivisions 97,357 — 97,357 — U.S. government-sponsored mortgage-backed securities - residential 102,183 — 102,183 — U.S. government-sponsored mortgage-backed securities - commercial 7,301 — 7,301 — U.S. government-sponsored collateralized mortgage obligations - residential 38,179 — 38,179 — Other debt securities 16,615 — 16,615 — Equity securities 400 — 400 — |
Fair Value, by Balance Sheet Grouping [Table Text Block] | December 31, 2022 June 30, 2022 Carrying Amount Estimated Fair Value Carrying Amount Estimated Fair Value Financial Assets: Level 1 inputs: Cash and cash equivalents $ 13,302 $ 13,302 $ 20,952 $ 20,952 Level 2 inputs: Certificates of deposit in other financial institutions 3,264 3,146 3,781 3,847 Loans held for sale 100 101 1,165 1,188 Accrued interest receivable 3,017 3,017 2,703 2,703 Level 3 inputs: Securities held-to-maturity 7,338 6,911 7,874 7,831 Loans, net 657,294 600,039 604,683 577,708 Financial Liabilities: Level 2 inputs: Demand and savings deposits 760,900 760,900 784,181 784,181 Time deposits 145,252 145,027 102,381 102,622 Short-term borrowings 25,380 25,380 21,295 21,295 Federal Home Loan Bank advances 24,603 23,341 8,256 7,215 Accrued interest payable 162 162 49 49 |
Note 6 - Earnings Per Share (Ta
Note 6 - Earnings Per Share (Tables) | 6 Months Ended |
Dec. 31, 2022 | |
Notes Tables | |
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | For the Three Months Ended December 31, For the Six Months Ended December 31, 2022 2021 2022 2021 Basic: Net income available to common shareholders $ 2,809 $ 3,162 $ 5,344 $ 5,827 Weighted average common shares outstanding 3,076,207 3,034,362 3,065,719 3,032,416 Basic income per share $ 0.91 $ 1.04 $ 1.74 $ 1.92 Diluted: Net income available to common shareholders $ 2,809 $ 3,162 $ 5,344 $ 5,827 Weighted average common shares outstanding 3,076,207 3,034,362 3,065,719 3,032,416 Dilutive effect of restricted stock 814 438 — 233 Total common shares and dilutive potential common shares 3,077,021 3,034,800 3,065,719 3,032,649 Dilutive income per share $ 0.91 $ 1.04 $ 1.74 $ 1.92 |
Note 7 - Accumulated Other Co_2
Note 7 - Accumulated Other Comprehensive Income (Loss) (Tables) | 6 Months Ended |
Dec. 31, 2022 | |
Notes Tables | |
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block] | Pretax Tax Effect After-tax Affected Line Balance as of September 30, 2022 $ (44,111 ) $ 9,263 $ (34,848 ) Unrealized holding gains on available-for-sale securities arising during the period 5,429 (1,140 ) 4,289 Amounts reclassified from accumulated other comprehensive income 4 (1 ) 3 (a)(b) Net current period other comprehensive gain 5,433 (1,141 ) 4,292 Balance as of December 31, 2022 $ (38,678 ) $ 8,122 $ (30,556 ) Pretax Tax Effect After-tax Affected Line Balance as of September 30, 2021 $ 2,927 $ (615 ) $ 2,312 Unrealized holding losses on available-for-sale securities arising during the period (922 ) 194 (728 ) Amounts reclassified from accumulated other comprehensive income (2 ) — (2 ) (a)(b) Net current period other comprehensive loss (924 ) 194 (730 ) Balance as of December 31, 2021 $ 2,003 $ (421 ) $ 1,582 Pretax Tax Effect After-tax Affected Line Balance as of June 30, 2022 $ (27,982 ) $ 5,876 $ (22,106 ) Unrealized holding losses on available-for-sale securities arising during the period (10,711 ) 2,249 (8,462 ) Amounts reclassified from accumulated other comprehensive income 15 (3 ) 12 (a)(b) Net current period other comprehensive loss (10,696 ) 2,246 (8,450 ) Balance as of December 31, 2022 $ (38,678 ) $ 8,122 $ (30,556 ) Pretax Tax Effect After-tax Affected Line Balance as of June 30, 2021 $ 4,493 $ (943 ) $ 3,550 Unrealized holding losses on available-for-sale securities arising during the period (2,488 ) 522 (1,966 ) Amounts reclassified from accumulated other comprehensive income (2 ) — (2 ) (a)(b) Net current period other comprehensive loss (2,490 ) 522 (1,968 ) Balance as of December 31, 2021 $ 2,003 $ (421 ) $ 1,582 |
Note 1 - Summary of Significa_2
Note 1 - Summary of Significant Accounting Policies (Details Textual) - Unfunded Loan Commitment [Member] | Dec. 31, 2022 |
Minimum [Member] | |
Financing Receivable, Allowance for Credit Loss to Outstanding, Percent | 0.25% |
Maximum [Member] | |
Financing Receivable, Allowance for Credit Loss to Outstanding, Percent | 0.50% |
Note 2 - Acquisition (Details T
Note 2 - Acquisition (Details Textual) - Two Branches from CFBank [Member] - USD ($) $ in Thousands | 3 Months Ended | |
Jul. 16, 2021 | Sep. 30, 2021 | |
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deposits | $ 104,538 | |
Business Combination, Consideration Transferred, Deposit Premium, Percent | 1.75% | |
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Marketable Securities | $ 15,602 | |
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Loans Receivable, Net | 19,943 | |
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Loans, Book Value | 20,325 | |
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Credit Related Adjustment | (388) | |
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Other Loan Factors | $ 6 | |
Business Combination, Acquisition Related Costs | $ 144 | |
Business Combination, Acquisition Related Costs, Net of Tax | $ 118 | |
Core Deposits [Member] | ||
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life (Year) | 10 years |
Note 2 - Acquisition - Assets A
Note 2 - Acquisition - Assets Acquired and Liabilities Assumed (Details) - USD ($) $ in Thousands | Jul. 16, 2021 | Dec. 31, 2022 | Jun. 30, 2022 | Dec. 31, 2021 |
Goodwill | $ 2,452 | $ 2,452 | ||
CFBank Branches [Member] | ||||
Cash and cash equivalents | $ 515 | |||
Securities, available-for-sale | 15,602 | 0 | $ 15,602 | |
Loans | 19,943 | |||
Premises and equipment | 413 | 0 | 413 | |
Core deposit intangible | 295 | |||
Accrued interest receivable | 216 | |||
Total assets acquired | 36,984 | 0 | 38,085 | |
Noninterest-bearing deposits | 10,535 | |||
Interest-bearing deposits | 94,003 | |||
Other liabilities | 99 | |||
Total liabilities assumed | 104,637 | 0 | 104,637 | |
Fair value of net liabilities assumed | (67,653) | |||
Cash received | 66,037 | |||
Goodwill | $ 1,616 | $ 0 | $ 1,616 |
Note 3 - Securities (Details Te
Note 3 - Securities (Details Textual) $ in Thousands | 3 Months Ended | 6 Months Ended | ||||
Dec. 31, 2022 USD ($) | Dec. 31, 2021 USD ($) | Dec. 31, 2022 USD ($) | Dec. 31, 2021 USD ($) | Jun. 30, 2022 USD ($) | ||
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, Tax | $ (1) | [1],[2] | $ 0 | $ (3) | $ 0 | |
Debt Securities, Available-for-Sale, Restricted | $ 131,731 | $ 131,731 | $ 126,679 | |||
Available-for-sale, Qualitative Disclosure, Number of Positions | 399 | 399 | ||||
Held-to-maturity, Qualitative Disclosure, Number of Positions | 4 | 4 | ||||
Equity Securities, FV-NI, Cost | $ 400 | $ 400 | $ 400 | |||
Equity Securities, FV-NI, Realized Gain (Loss), Total | $ 0 | 0 | $ 0 | 0 | ||
Maximum [Member] | ||||||
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, Tax | $ 1 | $ 1 | ||||
[1]Income tax expense[2]Securities (gains) losses, net |
Note 3 - Securities - Amortized
Note 3 - Securities - Amortized Cost and Fair Value of Securities Available-for-sale and Securities Held-to-maturity (Details) - USD ($) $ in Thousands | Dec. 31, 2022 | Jun. 30, 2022 |
Available-for-sale securities, amortized cost | $ 325,820 | $ 324,329 |
Available-for-sale securities, gross unrealized gains | 146 | 143 |
Available-for-sale securities, gross unrealized losses | (38,824) | (28,125) |
Available-for-sale securities, fair value | 287,142 | 296,347 |
Held-to-maturity, amortized cost | 7,338 | 7,874 |
Held-to-maturity, fair value | 6,911 | 7,831 |
US Treasury Securities [Member] | ||
Available-for-sale securities, amortized cost | 8,925 | 8,909 |
Available-for-sale securities, gross unrealized gains | 0 | 0 |
Available-for-sale securities, gross unrealized losses | (604) | (462) |
Available-for-sale securities, fair value | 8,321 | 8,447 |
US States and Political Subdivisions Debt Securities [Member] | ||
Available-for-sale securities, amortized cost | 106,075 | 105,977 |
Available-for-sale securities, gross unrealized gains | 119 | 129 |
Available-for-sale securities, gross unrealized losses | (10,259) | (8,749) |
Available-for-sale securities, fair value | 95,935 | 97,357 |
Held-to-maturity, amortized cost | 7,338 | 7,874 |
Held-to-maturity, gross unrecognized gains | 0 | 47 |
Held-to-maturity, gross unrecognized losses | (427) | (90) |
Held-to-maturity, fair value | 6,911 | 7,831 |
US Government-sponsored Enterprises Debt Securities [Member] | ||
Available-for-sale securities, amortized cost | 27,783 | 28,689 |
Available-for-sale securities, gross unrealized gains | 0 | 0 |
Available-for-sale securities, gross unrealized losses | (3,751) | (2,424) |
Available-for-sale securities, fair value | 24,032 | 26,265 |
Residential Mortgage-Backed Securities [Member] | ||
Available-for-sale securities, amortized cost | 108,903 | 113,812 |
Available-for-sale securities, gross unrealized gains | 5 | 13 |
Available-for-sale securities, gross unrealized losses | (15,670) | (11,642) |
Available-for-sale securities, fair value | 93,238 | 102,183 |
Commercial Mortgage-Backed Securities [Member] | ||
Available-for-sale securities, amortized cost | 8,613 | 8,623 |
Available-for-sale securities, gross unrealized gains | 0 | 0 |
Available-for-sale securities, gross unrealized losses | (1,860) | (1,322) |
Available-for-sale securities, fair value | 6,753 | 7,301 |
Collateralized Mortgage Obligations [Member] | ||
Available-for-sale securities, amortized cost | 48,249 | 40,952 |
Available-for-sale securities, gross unrealized gains | 22 | 1 |
Available-for-sale securities, gross unrealized losses | (5,187) | (2,774) |
Available-for-sale securities, fair value | 43,084 | 38,179 |
Other Debt Obligations [Member] | ||
Available-for-sale securities, amortized cost | 17,272 | 17,367 |
Available-for-sale securities, gross unrealized gains | 0 | 0 |
Available-for-sale securities, gross unrealized losses | (1,493) | (752) |
Available-for-sale securities, fair value | $ 15,779 | $ 16,615 |
Note 3 - Securities - Proceeds
Note 3 - Securities - Proceeds From Sales and Calls of Available-for-sale Securities (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2022 | Dec. 31, 2021 | |
Proceeds from sales | $ 1,639 | $ 1,000 | $ 3,708 | $ 1,000 |
Gross realized gains | 1 | 2 | 8 | 2 |
Gross realized losses | $ 5 | $ 0 | $ 23 | $ 0 |
Note 3 - Securities - Amortiz_2
Note 3 - Securities - Amortized Cost and Fair Values of Debt Securities by Contractual Maturity (Details) - USD ($) $ in Thousands | Dec. 31, 2022 | Jun. 30, 2022 |
Available-for-sale Securities, Debt Maturities, Next Twelve Months, Amortized Cost Basis | $ 2,747 | |
Available-for-sale Securities, Debt Maturities, Next Twelve Months, Fair Value | 2,705 | |
Available-for-sale Securities, Debt Maturities, Year Two Through Five, Amortized Cost Basis | 31,708 | |
Available-for-sale Securities, Debt Maturities, Year Two Through Five, Fair Value | 30,013 | |
Available-for-sale Securities, Debt Maturities, Year Six Through Ten, Amortized Cost Basis | 52,323 | |
Available-for-sale Securities, Debt Maturities, Year Six Through Ten, Fair Value | 46,902 | |
Available-for-sale Securities, Debt Maturities, after Ten Years, Amortized Cost Basis | 73,277 | |
Available-for-sale Securities, Debt Maturities, after Ten Years, Fair Value | 64,447 | |
Available-for-sale Securities, Debt Maturities, Single Maturity Date, Amortized Cost Basis | 160,055 | |
Available-for-sale Securities, Debt Maturities, Single Maturity Date | 144,067 | |
Total securities available-for-sale | 325,820 | $ 324,329 |
Total securities available-for-sale | 287,142 | 296,347 |
Due after one year through five years, Net Carrying Amount | 171 | |
Due after one year through five years, Fair Value | 169 | |
Held-to-maturity Securities, Debt Maturities, after Five Through Ten Years, Net Carrying Amount | 3,289 | |
Held-to-maturity Securities, Debt Maturities, Year Six Through Ten, Fair Value | 3,182 | |
Held-to-maturity Securities, Debt Maturities, after Ten Years, Net Carrying Amount | 3,878 | |
Held-to-maturity Securities, Debt Maturities, after Ten Years, Fair Value | 3,560 | |
Held-to-maturity Securities | 7,338 | 7,874 |
Held-to-maturity Securities, Fair Value | 6,911 | $ 7,831 |
U.S. Government-sponsored Mortgage-backed and Related Securities [Member] | ||
Available-for-sale Securities, Debt Maturities, without Single Maturity Date, Amortized Cost Basis | 165,765 | |
Available-for-sale Securities, Debt Maturities, without Single Maturity Date, Fair Value | $ 143,075 |
Note 3 - Securities - Securitie
Note 3 - Securities - Securities With Unrealized and Unrecognized Losses (Details) - USD ($) $ in Thousands | Dec. 31, 2022 | Jun. 30, 2022 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value | $ 154,293 | $ 245,869 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Loss | (15,059) | (23,144) |
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value | 119,671 | 29,788 |
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Loss | (23,765) | (4,981) |
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value | 273,964 | 275,657 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss | (38,824) | (28,125) |
Held-to-maturity, Continuous Unrealized Loss Position, Less than 12 Months, Fair Value | 3,729 | 3,522 |
Held-to-maturity, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Loss | (320) | (90) |
Debt Securities, Held-to-Maturity, Continuous Unrealized Loss Position, 12 Months or Longer, Fair Value | 3,182 | 0 |
Held-to-maturity Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Aggregate Loss | (107) | 0 |
Debt Securities, Held-to-Maturity, Unrealized Loss Position, Fair Value | 6,911 | 3,522 |
Debt Securities, Held-to-Maturity, Unrealized Loss Position, Accumulated Loss | (427) | (90) |
US Treasury Securities [Member] | ||
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value | 0 | 8,447 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Loss | 0 | (462) |
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value | 8,321 | 0 |
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Loss | (604) | 0 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value | 8,321 | 8,447 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss | (604) | (462) |
US States and Political Subdivisions Debt Securities [Member] | ||
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value | 73,469 | 80,445 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Loss | (7,882) | (8,331) |
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value | 11,583 | 2,047 |
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Loss | (2,377) | (418) |
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value | 85,052 | 82,492 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss | (10,259) | (8,749) |
Held-to-maturity, Continuous Unrealized Loss Position, Less than 12 Months, Fair Value | 3,729 | 3,522 |
Held-to-maturity, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Loss | (320) | (90) |
Debt Securities, Held-to-Maturity, Continuous Unrealized Loss Position, 12 Months or Longer, Fair Value | 3,182 | 0 |
Held-to-maturity Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Aggregate Loss | (107) | 0 |
Debt Securities, Held-to-Maturity, Unrealized Loss Position, Fair Value | 6,911 | 3,522 |
Debt Securities, Held-to-Maturity, Unrealized Loss Position, Accumulated Loss | (427) | (90) |
US Government-sponsored Enterprises Debt Securities [Member] | ||
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value | 11,941 | 26,265 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Loss | (1,392) | (2,424) |
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value | 12,091 | 0 |
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Loss | (2,359) | 0 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value | 24,032 | 26,265 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss | (3,751) | (2,424) |
Residential Mortgage-Backed Securities [Member] | ||
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value | 32,106 | 76,526 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Loss | (2,959) | (7,586) |
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value | 59,845 | 24,569 |
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Loss | (12,711) | (4,056) |
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value | 91,951 | 101,095 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss | (15,670) | (11,642) |
Commercial Mortgage-Backed Securities [Member] | ||
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value | 2,279 | 7,301 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Loss | (610) | (1,322) |
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value | 4,474 | 0 |
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Loss | (1,250) | 0 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value | 6,753 | 7,301 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss | (1,860) | (1,322) |
Collateralized Debt Obligations [Member] | ||
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value | 27,929 | 30,729 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Loss | (1,662) | (2,308) |
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value | 14,147 | 2,713 |
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Loss | (3,525) | (466) |
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value | 42,076 | 33,442 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss | (5,187) | (2,774) |
Other Debt Obligations [Member] | ||
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value | 6,569 | 16,156 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Loss | (554) | (711) |
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value | 9,210 | 459 |
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Loss | (939) | (41) |
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value | 15,779 | 16,615 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss | $ (1,493) | $ (752) |
Note 3 - Securities - Unrealize
Note 3 - Securities - Unrealized Gains and Losses on Equity Securities (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2022 | Dec. 31, 2021 | |
Unrealized loss recognized on equity securities held at the end of the period | $ (9) | $ 0 | $ (33) | $ 0 |
Note 4 - Loans (Details Textual
Note 4 - Loans (Details Textual) Pure in Thousands, $ in Thousands | 3 Months Ended | 6 Months Ended | |||
Dec. 31, 2022 USD ($) | Dec. 31, 2021 USD ($) | Dec. 31, 2022 USD ($) | Dec. 31, 2021 USD ($) | Jun. 30, 2022 USD ($) | |
Loans and Leases Receivable, Gross | $ 664,682 | $ 664,682 | $ 611,567 | ||
Interest Receivable | 1,494 | 1,494 | 1,214 | ||
Financing Receivable, Nonaccrual | 47 | 47 | 431 | ||
Financing Receivable, Troubled Debt Restructuring | $ 354 | $ 354 | 318 | ||
Financing Receivable, Modifications, Number of Contracts | 0 | 0 | 0 | ||
Financing Receivables, Impaired, Troubled Debt Restructuring, Write-down | $ 0 | $ 0 | $ 0 | $ 0 | |
Financing Receivable, Troubled Debt Restructuring, Subsequent Default, Number of Contracts | 0 | 0 | 0 | 0 | |
Threshold Amount of Loans Outstanding to Perform Credit Analysis | $ 100 | $ 100 | |||
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | |||||
Financing Receivable, Nonaccrual | 27 | 27 | 27 | ||
Financial Asset, Not Past Due [Member] | |||||
Financing Receivable, Nonaccrual | 20 | 20 | 404 | ||
Commercial Portfolio Segment [Member] | |||||
Loans and Leases Receivable, Gross | 103,513 | 103,513 | 87,008 | ||
Financing Receivable, Nonaccrual | 0 | 0 | 276 | ||
Commercial Portfolio Segment [Member] | Mortgage Loan Warehouse Line of Credit [Member] | |||||
Loans and Leases Receivable, Gross | $ 9,998 | $ 9,998 | $ 0 |
Note 4 - Loans - Major Classifi
Note 4 - Loans - Major Classifications (Details) - USD ($) $ in Thousands | Dec. 31, 2022 | Sep. 30, 2022 | Jun. 30, 2022 | Dec. 31, 2021 | Sep. 30, 2021 | Jun. 30, 2021 |
Loans and Leases Receivable, Gross | $ 664,682 | $ 611,567 | ||||
Net deferred loan fees and costs | (287) | (276) | ||||
Allowance for loan losses | (7,675) | $ (7,546) | (7,160) | $ (6,932) | $ (6,677) | $ (6,471) |
Net loans | 657,294 | 604,683 | ||||
Commercial Portfolio Segment [Member] | ||||||
Loans and Leases Receivable, Gross | 103,513 | 87,008 | ||||
Allowance for loan losses | (1,006) | (1,021) | (960) | (976) | (906) | (904) |
Commercial Real Estate Portfolio Segment [Member] | ||||||
Allowance for loan losses | (4,084) | (4,072) | (3,927) | (4,049) | (3,985) | (3,949) |
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | ||||||
Loans and Leases Receivable, Gross | 16,656 | 15,158 | ||||
Commercial Real Estate Portfolio Segment [Member] | Other Commercial Real Estate Loans [Member] | ||||||
Loans and Leases Receivable, Gross | 301,646 | 291,847 | ||||
Residential Portfolio Segment [Member] | ||||||
Allowance for loan losses | (1,677) | (1,676) | (1,645) | (1,490) | (1,430) | (1,307) |
Residential Portfolio Segment [Member] | Construction Loans [Member] | ||||||
Loans and Leases Receivable, Gross | 7,707 | 4,317 | ||||
Residential Portfolio Segment [Member] | Residential Real Estate Owner Occupied Loans [Member] | ||||||
Loans and Leases Receivable, Gross | 149,177 | 142,244 | ||||
Residential Portfolio Segment [Member] | Residential Real Estate Non-owner Occupied Loans [Member] | ||||||
Loans and Leases Receivable, Gross | 23,513 | 26,029 | ||||
Consumer Portfolio Segment [Member] | ||||||
Loans and Leases Receivable, Gross | 62,470 | 44,964 | ||||
Allowance for loan losses | $ (908) | $ (777) | $ (628) | $ (417) | $ (356) | $ (311) |
Note 4 - Loans - Allowance for
Note 4 - Loans - Allowance for Loan Losses by Portfolio Segment (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | |||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2022 | Dec. 31, 2021 | Jun. 30, 2022 | |
Beginning balance | $ 7,546 | $ 6,677 | $ 7,160 | $ 6,471 | |
Provision for loan losses | 225 | 270 | 635 | 460 | |
Loans charged-off | (119) | (53) | (197) | (87) | |
Recoveries | 23 | 38 | 77 | 88 | |
Total ending allowance balance | 7,675 | 6,932 | 7,675 | 6,932 | |
Individually evaluated for impairment | 0 | 0 | $ 0 | ||
Total ending allowance balance | 7,675 | 6,932 | 7,675 | 6,932 | 7,160 |
Loans individually evaluated for impairment | 402 | 402 | 473 | ||
Total ending loans balance | 666,463 | 666,463 | 613,057 | ||
Financial Asset Acquired [Member] | |||||
Collectively evaluated for impairment | 128 | 128 | 148 | ||
Loans collectively evaluated for impairment | 35,461 | 35,461 | 41,542 | ||
Financial Asset Originated [Member] | |||||
Collectively evaluated for impairment | 7,547 | 7,547 | 7,012 | ||
Loans collectively evaluated for impairment | 630,600 | 630,600 | 571,042 | ||
Commercial Portfolio Segment [Member] | |||||
Beginning balance | 1,021 | 906 | 960 | 904 | |
Provision for loan losses | (15) | 49 | 46 | 51 | |
Loans charged-off | 0 | 0 | 0 | 0 | |
Recoveries | 0 | 21 | 0 | 21 | |
Total ending allowance balance | 1,006 | 976 | 1,006 | 976 | |
Individually evaluated for impairment | 0 | 0 | 0 | ||
Total ending allowance balance | 1,006 | 976 | 1,006 | 976 | 960 |
Loans individually evaluated for impairment | 315 | 315 | 276 | ||
Total ending loans balance | 103,793 | 103,793 | 87,251 | ||
Commercial Portfolio Segment [Member] | Financial Asset Acquired [Member] | |||||
Collectively evaluated for impairment | 0 | 0 | 1 | ||
Loans collectively evaluated for impairment | 674 | 674 | 665 | ||
Commercial Portfolio Segment [Member] | Financial Asset Originated [Member] | |||||
Collectively evaluated for impairment | 1,006 | 1,006 | 959 | ||
Loans collectively evaluated for impairment | 102,804 | 102,804 | 86,310 | ||
Commercial Real Estate Portfolio Segment [Member] | |||||
Beginning balance | 4,072 | 3,985 | 3,927 | 3,949 | |
Provision for loan losses | 11 | 62 | 156 | 98 | |
Loans charged-off | 0 | 0 | 0 | 0 | |
Recoveries | 1 | 2 | 1 | 2 | |
Total ending allowance balance | 4,084 | 4,049 | 4,084 | 4,049 | |
Individually evaluated for impairment | 0 | 0 | 0 | ||
Total ending allowance balance | 4,084 | 4,049 | 4,084 | 4,049 | 3,927 |
Loans individually evaluated for impairment | 40 | 40 | 42 | ||
Total ending loans balance | 318,324 | 318,324 | 306,913 | ||
Commercial Real Estate Portfolio Segment [Member] | Financial Asset Acquired [Member] | |||||
Collectively evaluated for impairment | 51 | 51 | 62 | ||
Loans collectively evaluated for impairment | 7,706 | 7,706 | 10,095 | ||
Commercial Real Estate Portfolio Segment [Member] | Financial Asset Originated [Member] | |||||
Collectively evaluated for impairment | 4,033 | 4,033 | 3,865 | ||
Loans collectively evaluated for impairment | 310,578 | 310,578 | 296,776 | ||
Residential Portfolio Segment [Member] | |||||
Beginning balance | 1,676 | 1,430 | 1,645 | 1,307 | |
Provision for loan losses | 1 | 97 | 36 | 207 | |
Loans charged-off | 0 | (40) | (6) | (40) | |
Recoveries | 0 | 3 | 2 | 16 | |
Total ending allowance balance | 1,677 | 1,490 | 1,677 | 1,490 | |
Individually evaluated for impairment | 0 | 0 | 0 | ||
Total ending allowance balance | 1,677 | 1,490 | 1,677 | 1,490 | 1,645 |
Loans individually evaluated for impairment | 47 | 47 | 155 | ||
Total ending loans balance | 181,883 | 181,883 | 173,944 | ||
Residential Portfolio Segment [Member] | Financial Asset Acquired [Member] | |||||
Collectively evaluated for impairment | 77 | 77 | 85 | ||
Loans collectively evaluated for impairment | 25,052 | 25,052 | 27,731 | ||
Residential Portfolio Segment [Member] | Financial Asset Originated [Member] | |||||
Collectively evaluated for impairment | 1,600 | 1,600 | 1,560 | ||
Loans collectively evaluated for impairment | 156,784 | 156,784 | 146,058 | ||
Consumer Portfolio Segment [Member] | |||||
Beginning balance | 777 | 356 | 628 | 311 | |
Provision for loan losses | 228 | 62 | 397 | 104 | |
Loans charged-off | (119) | (13) | (191) | (47) | |
Recoveries | 22 | 12 | 74 | 49 | |
Total ending allowance balance | 908 | 417 | 908 | 417 | |
Individually evaluated for impairment | 0 | 0 | 0 | ||
Total ending allowance balance | 908 | $ 417 | 908 | $ 417 | 628 |
Loans individually evaluated for impairment | 0 | 0 | 0 | ||
Total ending loans balance | 62,463 | 62,463 | 44,949 | ||
Consumer Portfolio Segment [Member] | Financial Asset Acquired [Member] | |||||
Collectively evaluated for impairment | 0 | 0 | 0 | ||
Loans collectively evaluated for impairment | 2,029 | 2,029 | 3,051 | ||
Consumer Portfolio Segment [Member] | Financial Asset Originated [Member] | |||||
Collectively evaluated for impairment | 908 | 908 | 628 | ||
Loans collectively evaluated for impairment | $ 60,434 | $ 60,434 | $ 41,898 |
Note 4 - Loans - Impaired Loans
Note 4 - Loans - Impaired Loans (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | |||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2022 | Dec. 31, 2021 | Jun. 30, 2022 | |
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | $ 395 | ||||
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 10 | ||||
Impaired Financing Receivable, with No Related Allowance, Interest Income, Cash Basis Method | 10 | ||||
Impaired Financing Receivable, Unpaid Principal Balance | 559 | $ 559 | $ 738 | ||
Impaired Financing Receivable, Recorded Investment | 402 | 402 | 473 | ||
Impaired Financing Receivable, Related Allowance | 0 | 0 | 0 | ||
Impaired Financing Receivable, Average Recorded Investment | $ 1,516 | 410 | $ 1,711 | ||
Impaired Financing Receivable, Interest Income, Accrual Method | 177 | 24 | 184 | ||
Impaired Financing Receivable, Interest Income, Cash Basis Method | 177 | 24 | 184 | ||
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 395 | ||||
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 10 | ||||
Impaired Financing Receivable, with No Related Allowance, Interest Income, Cash Basis Method | 10 | ||||
Impaired Financing Receivable, Average Recorded Investment | 1,516 | 410 | 1,711 | ||
Impaired Financing Receivable, Interest Income, Accrual Method | 177 | 24 | 184 | ||
Impaired Financing Receivable, Interest Income, Cash Basis Method | 177 | 24 | 184 | ||
Commercial Portfolio Segment [Member] | |||||
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance | 408 | 408 | 414 | ||
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | 315 | 315 | 276 | ||
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 308 | 295 | 297 | 297 | |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 8 | 0 | 18 | 0 | |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Cash Basis Method | 8 | 0 | 18 | 0 | |
Impaired Financing Receivable, Related Allowance | 0 | ||||
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 308 | 295 | 297 | 297 | |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 8 | 0 | 18 | 0 | |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Cash Basis Method | 8 | 0 | 18 | 0 | |
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance | 0 | ||||
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 0 | ||||
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment | 126 | 128 | |||
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method | 2 | 4 | |||
Impaired Financing Receivable, with Related Allowance, Interest Income, Cash Basis Method | 2 | 4 | |||
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment | 126 | 128 | |||
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method | 2 | 4 | |||
Impaired Financing Receivable, with Related Allowance, Interest Income, Cash Basis Method | 2 | 4 | |||
Commercial Real Estate Portfolio Segment [Member] | Other Commercial Real Estate Loans [Member] | |||||
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance | 79 | 79 | 83 | ||
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | 40 | 40 | 42 | ||
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 40 | 691 | 40 | 802 | |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 1 | 99 | 4 | 102 | |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Cash Basis Method | 1 | 99 | 4 | 102 | |
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 40 | 691 | 40 | 802 | |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 1 | 99 | 4 | 102 | |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Cash Basis Method | 1 | 99 | 4 | 102 | |
Residential Portfolio Segment [Member] | Residential Real Estate Owner Occupied Loans [Member] | |||||
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance | 45 | 45 | 48 | ||
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | 20 | 20 | 22 | ||
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 20 | 272 | 20 | 317 | |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 1 | 1 | 2 | 3 | |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Cash Basis Method | 1 | 1 | 2 | 3 | |
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 20 | 272 | 20 | 317 | |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 1 | 1 | 2 | 3 | |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Cash Basis Method | 1 | 1 | 2 | 3 | |
Residential Portfolio Segment [Member] | Residential Real Estate Non-owner Occupied Loans [Member] | |||||
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance | 27 | 27 | 193 | ||
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | 27 | 27 | $ 133 | ||
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 27 | 132 | 53 | 167 | |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 0 | 75 | 0 | 75 | |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Cash Basis Method | 0 | 75 | 0 | 75 | |
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 27 | 132 | 53 | 167 | |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 0 | 75 | 0 | 75 | |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Cash Basis Method | $ 0 | $ 75 | $ 0 | $ 75 |
Note 4 - Loans - Loans Past Due
Note 4 - Loans - Loans Past Due (Details) - USD ($) $ in Thousands | Dec. 31, 2022 | Jun. 30, 2022 |
Financing Receivable, Recorded Investment, Nonaccrual Status | $ 47 | $ 431 |
Financing Receivable, Recorded Investment, 90 Days Past Due and Still Accruing | 0 | 9 |
Recorded investment | 666,463 | 613,057 |
Financial Asset, 30 to 59 Days Past Due [Member] | ||
Recorded investment | 1,083 | 558 |
Financial Asset, 60 to 89 Days Past Due [Member] | ||
Recorded investment | 141 | 79 |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Nonaccrual Status | 27 | 27 |
Recorded investment | 27 | 36 |
Financial Asset, Past Due [Member] | ||
Recorded investment | 1,251 | 673 |
Financial Asset, Not Past Due [Member] | ||
Financing Receivable, Recorded Investment, Nonaccrual Status | 20 | 404 |
Recorded investment | 665,212 | 612,384 |
Commercial Portfolio Segment [Member] | ||
Financing Receivable, Recorded Investment, Nonaccrual Status | 0 | 276 |
Financing Receivable, Recorded Investment, 90 Days Past Due and Still Accruing | 0 | 9 |
Recorded investment | 103,793 | 87,251 |
Commercial Portfolio Segment [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | ||
Recorded investment | 0 | 0 |
Commercial Portfolio Segment [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | ||
Recorded investment | 0 | 0 |
Commercial Portfolio Segment [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Recorded investment | 0 | 9 |
Commercial Portfolio Segment [Member] | Financial Asset, Past Due [Member] | ||
Recorded investment | 0 | 9 |
Commercial Portfolio Segment [Member] | Financial Asset, Not Past Due [Member] | ||
Recorded investment | 103,793 | 87,242 |
Residential Portfolio Segment [Member] | ||
Recorded investment | 181,883 | 173,944 |
Residential Portfolio Segment [Member] | Residential Real Estate Owner Occupied Loans [Member] | ||
Financing Receivable, Recorded Investment, Nonaccrual Status | 20 | 22 |
Financing Receivable, Recorded Investment, 90 Days Past Due and Still Accruing | 0 | 0 |
Recorded investment | 150,571 | 143,506 |
Residential Portfolio Segment [Member] | Construction Loans [Member] | ||
Recorded investment | 7,784 | 4,375 |
Residential Portfolio Segment [Member] | Residential Real Estate Non-owner Occupied Loans [Member] | ||
Financing Receivable, Recorded Investment, Nonaccrual Status | 27 | 133 |
Financing Receivable, Recorded Investment, 90 Days Past Due and Still Accruing | 0 | 0 |
Recorded investment | 23,528 | 26,063 |
Residential Portfolio Segment [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | Residential Real Estate Owner Occupied Loans [Member] | ||
Recorded investment | 532 | 125 |
Residential Portfolio Segment [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | Construction Loans [Member] | ||
Recorded investment | 0 | 0 |
Residential Portfolio Segment [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | Residential Real Estate Non-owner Occupied Loans [Member] | ||
Recorded investment | 0 | 0 |
Residential Portfolio Segment [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | Residential Real Estate Owner Occupied Loans [Member] | ||
Recorded investment | 6 | 0 |
Residential Portfolio Segment [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | Construction Loans [Member] | ||
Recorded investment | 0 | 0 |
Residential Portfolio Segment [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | Residential Real Estate Non-owner Occupied Loans [Member] | ||
Recorded investment | 4 | 0 |
Residential Portfolio Segment [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Residential Real Estate Owner Occupied Loans [Member] | ||
Recorded investment | 0 | 0 |
Residential Portfolio Segment [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Construction Loans [Member] | ||
Recorded investment | 0 | 0 |
Residential Portfolio Segment [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Residential Real Estate Non-owner Occupied Loans [Member] | ||
Recorded investment | 27 | 27 |
Residential Portfolio Segment [Member] | Financial Asset, Past Due [Member] | Residential Real Estate Owner Occupied Loans [Member] | ||
Recorded investment | 538 | 125 |
Residential Portfolio Segment [Member] | Financial Asset, Past Due [Member] | Construction Loans [Member] | ||
Recorded investment | 0 | 0 |
Residential Portfolio Segment [Member] | Financial Asset, Past Due [Member] | Residential Real Estate Non-owner Occupied Loans [Member] | ||
Recorded investment | 31 | 27 |
Residential Portfolio Segment [Member] | Financial Asset, Not Past Due [Member] | Residential Real Estate Owner Occupied Loans [Member] | ||
Recorded investment | 150,033 | 143,381 |
Residential Portfolio Segment [Member] | Financial Asset, Not Past Due [Member] | Construction Loans [Member] | ||
Recorded investment | 7,784 | 4,375 |
Residential Portfolio Segment [Member] | Financial Asset, Not Past Due [Member] | Residential Real Estate Non-owner Occupied Loans [Member] | ||
Recorded investment | 23,497 | 26,036 |
Commercial Real Estate Portfolio Segment [Member] | ||
Recorded investment | 318,324 | 306,913 |
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | ||
Recorded investment | 16,655 | 15,138 |
Commercial Real Estate Portfolio Segment [Member] | Other Commercial Real Estate Loans [Member] | ||
Recorded investment | 301,669 | 291,775 |
Commercial Real Estate Portfolio Segment [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | Construction Loans [Member] | ||
Recorded investment | 0 | 0 |
Commercial Real Estate Portfolio Segment [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | Other Commercial Real Estate Loans [Member] | ||
Recorded investment | 52 | 52 |
Commercial Real Estate Portfolio Segment [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | Construction Loans [Member] | ||
Recorded investment | 0 | 0 |
Commercial Real Estate Portfolio Segment [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | Other Commercial Real Estate Loans [Member] | ||
Recorded investment | 0 | 0 |
Commercial Real Estate Portfolio Segment [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Construction Loans [Member] | ||
Recorded investment | 0 | 0 |
Commercial Real Estate Portfolio Segment [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Other Commercial Real Estate Loans [Member] | ||
Recorded investment | 0 | 0 |
Commercial Real Estate Portfolio Segment [Member] | Financial Asset, Past Due [Member] | Construction Loans [Member] | ||
Recorded investment | 0 | 0 |
Commercial Real Estate Portfolio Segment [Member] | Financial Asset, Past Due [Member] | Other Commercial Real Estate Loans [Member] | ||
Recorded investment | 52 | 52 |
Commercial Real Estate Portfolio Segment [Member] | Financial Asset, Not Past Due [Member] | Construction Loans [Member] | ||
Recorded investment | 16,655 | 15,138 |
Commercial Real Estate Portfolio Segment [Member] | Financial Asset, Not Past Due [Member] | Other Commercial Real Estate Loans [Member] | ||
Recorded investment | 301,617 | 291,723 |
Consumer Portfolio Segment [Member] | ||
Recorded investment | 62,463 | 44,949 |
Consumer Portfolio Segment [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | ||
Recorded investment | 499 | 381 |
Consumer Portfolio Segment [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | ||
Recorded investment | 131 | 79 |
Consumer Portfolio Segment [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Recorded investment | 0 | 0 |
Consumer Portfolio Segment [Member] | Financial Asset, Past Due [Member] | ||
Recorded investment | 630 | 460 |
Consumer Portfolio Segment [Member] | Financial Asset, Not Past Due [Member] | ||
Recorded investment | $ 61,833 | $ 44,489 |
Note 4 - Loans - Recorded Inves
Note 4 - Loans - Recorded Investment by Risk Category (Details) - USD ($) $ in Thousands | Dec. 31, 2022 | Jun. 30, 2022 |
Pass [Member] | ||
Financing Receivable, Net | $ 442,701 | $ 414,046 |
Special Mention [Member] | ||
Financing Receivable, Net | 2,494 | 2,909 |
Substandard [Member] | ||
Financing Receivable, Net | 5,253 | 4,889 |
Doubtful [Member] | ||
Financing Receivable, Net | 47 | 431 |
Not Rated [Member] | ||
Financing Receivable, Net | 215,968 | 190,782 |
Commercial Portfolio Segment [Member] | Pass [Member] | ||
Financing Receivable, Net | 102,974 | 86,265 |
Commercial Portfolio Segment [Member] | Special Mention [Member] | ||
Financing Receivable, Net | 206 | 350 |
Commercial Portfolio Segment [Member] | Substandard [Member] | ||
Financing Receivable, Net | 471 | 178 |
Commercial Portfolio Segment [Member] | Doubtful [Member] | ||
Financing Receivable, Net | 0 | 276 |
Commercial Portfolio Segment [Member] | Not Rated [Member] | ||
Financing Receivable, Net | 142 | 182 |
Commercial Real Estate Portfolio Segment [Member] | Pass [Member] | Construction Loans [Member] | ||
Financing Receivable, Net | 16,655 | 15,138 |
Commercial Real Estate Portfolio Segment [Member] | Pass [Member] | Other Commercial Real Estate Loans [Member] | ||
Financing Receivable, Net | 294,165 | 283,877 |
Commercial Real Estate Portfolio Segment [Member] | Special Mention [Member] | Construction Loans [Member] | ||
Financing Receivable, Net | 0 | 0 |
Commercial Real Estate Portfolio Segment [Member] | Special Mention [Member] | Other Commercial Real Estate Loans [Member] | ||
Financing Receivable, Net | 2,233 | 2,500 |
Commercial Real Estate Portfolio Segment [Member] | Substandard [Member] | Construction Loans [Member] | ||
Financing Receivable, Net | 0 | 0 |
Commercial Real Estate Portfolio Segment [Member] | Substandard [Member] | Other Commercial Real Estate Loans [Member] | ||
Financing Receivable, Net | 4,653 | 4,711 |
Commercial Real Estate Portfolio Segment [Member] | Doubtful [Member] | Construction Loans [Member] | ||
Financing Receivable, Net | 0 | 0 |
Commercial Real Estate Portfolio Segment [Member] | Doubtful [Member] | Other Commercial Real Estate Loans [Member] | ||
Financing Receivable, Net | 0 | 0 |
Commercial Real Estate Portfolio Segment [Member] | Not Rated [Member] | Construction Loans [Member] | ||
Financing Receivable, Net | 0 | 0 |
Commercial Real Estate Portfolio Segment [Member] | Not Rated [Member] | Other Commercial Real Estate Loans [Member] | ||
Financing Receivable, Net | 618 | 687 |
Residential Portfolio Segment [Member] | Pass [Member] | Construction Loans [Member] | ||
Financing Receivable, Net | 2,858 | 1,234 |
Residential Portfolio Segment [Member] | Pass [Member] | Residential Real Estate Owner Occupied Loans [Member] | ||
Financing Receivable, Net | 1,326 | 1,321 |
Residential Portfolio Segment [Member] | Pass [Member] | Residential Real Estate Non-owner Occupied Loans [Member] | ||
Financing Receivable, Net | 23,075 | 25,606 |
Residential Portfolio Segment [Member] | Special Mention [Member] | Construction Loans [Member] | ||
Financing Receivable, Net | 0 | 0 |
Residential Portfolio Segment [Member] | Special Mention [Member] | Residential Real Estate Owner Occupied Loans [Member] | ||
Financing Receivable, Net | 0 | 0 |
Residential Portfolio Segment [Member] | Special Mention [Member] | Residential Real Estate Non-owner Occupied Loans [Member] | ||
Financing Receivable, Net | 55 | 59 |
Residential Portfolio Segment [Member] | Substandard [Member] | Construction Loans [Member] | ||
Financing Receivable, Net | 0 | 0 |
Residential Portfolio Segment [Member] | Substandard [Member] | Residential Real Estate Owner Occupied Loans [Member] | ||
Financing Receivable, Net | 19 | 0 |
Residential Portfolio Segment [Member] | Substandard [Member] | Residential Real Estate Non-owner Occupied Loans [Member] | ||
Financing Receivable, Net | 110 | 0 |
Residential Portfolio Segment [Member] | Doubtful [Member] | Construction Loans [Member] | ||
Financing Receivable, Net | 0 | 0 |
Residential Portfolio Segment [Member] | Doubtful [Member] | Residential Real Estate Owner Occupied Loans [Member] | ||
Financing Receivable, Net | 20 | 22 |
Residential Portfolio Segment [Member] | Doubtful [Member] | Residential Real Estate Non-owner Occupied Loans [Member] | ||
Financing Receivable, Net | 27 | 133 |
Residential Portfolio Segment [Member] | Not Rated [Member] | Construction Loans [Member] | ||
Financing Receivable, Net | 4,926 | 3,141 |
Residential Portfolio Segment [Member] | Not Rated [Member] | Residential Real Estate Owner Occupied Loans [Member] | ||
Financing Receivable, Net | 149,206 | 142,163 |
Residential Portfolio Segment [Member] | Not Rated [Member] | Residential Real Estate Non-owner Occupied Loans [Member] | ||
Financing Receivable, Net | 261 | 265 |
Consumer Portfolio Segment [Member] | Pass [Member] | ||
Financing Receivable, Net | 1,648 | 605 |
Consumer Portfolio Segment [Member] | Special Mention [Member] | ||
Financing Receivable, Net | 0 | 0 |
Consumer Portfolio Segment [Member] | Substandard [Member] | ||
Financing Receivable, Net | 0 | 0 |
Consumer Portfolio Segment [Member] | Doubtful [Member] | ||
Financing Receivable, Net | 0 | 0 |
Consumer Portfolio Segment [Member] | Not Rated [Member] | ||
Financing Receivable, Net | $ 60,815 | $ 44,344 |
Note 5 - Fair Value (Details Te
Note 5 - Fair Value (Details Textual) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2022 | Dec. 31, 2021 | Sep. 30, 2022 | Jun. 30, 2022 | |
Impaired Financing Receivable, Related Allowance | $ 0 | $ 0 | $ 0 | |||
Other Real Estate Owned, Fair Value Disclosure | 0 | 0 | 0 | |||
Fair Value, Nonrecurring [Member] | Impaired Loans [Member] | ||||||
Impaired Financing Receivable, Related Allowance | $ 0 | $ 0 | ||||
Allowance for Loan and Lease Losses, Period Increase (Decrease), Total | $ 0 | $ 0 | $ 0 | $ 0 |
Note 5 - Fair Value - Assets an
Note 5 - Fair Value - Assets and Liabilities Measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Thousands | Dec. 31, 2022 | Jun. 30, 2022 |
Securities, available-for-sale | $ 287,142 | $ 296,347 |
Equity securities | 367 | 400 |
US Treasury Securities [Member] | ||
Securities, available-for-sale | 8,321 | 8,447 |
US Government-sponsored Enterprises Debt Securities [Member] | ||
Securities, available-for-sale | 24,032 | 26,265 |
US States and Political Subdivisions Debt Securities [Member] | ||
Securities, available-for-sale | 95,935 | 97,357 |
Residential Mortgage-Backed Securities [Member] | ||
Securities, available-for-sale | 93,238 | 102,183 |
Commercial Mortgage-Backed Securities [Member] | ||
Securities, available-for-sale | 6,753 | 7,301 |
Other Debt Obligations [Member] | ||
Securities, available-for-sale | 15,779 | 16,615 |
Fair Value, Recurring [Member] | ||
Equity securities | 367 | 400 |
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Equity securities | 0 | 0 |
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Equity securities | 367 | 400 |
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Equity securities | 0 | 0 |
Fair Value, Recurring [Member] | US Treasury Securities [Member] | ||
Securities, available-for-sale | 8,321 | 8,447 |
Fair Value, Recurring [Member] | US Treasury Securities [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Securities, available-for-sale | 0 | 0 |
Fair Value, Recurring [Member] | US Treasury Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Securities, available-for-sale | 8,321 | 8,447 |
Fair Value, Recurring [Member] | US Treasury Securities [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Securities, available-for-sale | 0 | 0 |
Fair Value, Recurring [Member] | US Government-sponsored Enterprises Debt Securities [Member] | ||
Securities, available-for-sale | 24,032 | 26,265 |
Fair Value, Recurring [Member] | US Government-sponsored Enterprises Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Securities, available-for-sale | 0 | 0 |
Fair Value, Recurring [Member] | US Government-sponsored Enterprises Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Securities, available-for-sale | 24,032 | 26,265 |
Fair Value, Recurring [Member] | US Government-sponsored Enterprises Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Securities, available-for-sale | 0 | 0 |
Fair Value, Recurring [Member] | US States and Political Subdivisions Debt Securities [Member] | ||
Securities, available-for-sale | 95,935 | 97,357 |
Fair Value, Recurring [Member] | US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Securities, available-for-sale | 0 | 0 |
Fair Value, Recurring [Member] | US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Securities, available-for-sale | 95,935 | 97,357 |
Fair Value, Recurring [Member] | US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Securities, available-for-sale | 0 | 0 |
Fair Value, Recurring [Member] | Residential Mortgage-Backed Securities [Member] | ||
Securities, available-for-sale | 93,238 | 102,183 |
Fair Value, Recurring [Member] | Residential Mortgage-Backed Securities [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Securities, available-for-sale | 0 | 0 |
Fair Value, Recurring [Member] | Residential Mortgage-Backed Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Securities, available-for-sale | 93,238 | 102,183 |
Fair Value, Recurring [Member] | Residential Mortgage-Backed Securities [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Securities, available-for-sale | 0 | 0 |
Fair Value, Recurring [Member] | Commercial Mortgage-Backed Securities [Member] | ||
Securities, available-for-sale | 6,753 | 7,301 |
Fair Value, Recurring [Member] | Commercial Mortgage-Backed Securities [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Securities, available-for-sale | 0 | 0 |
Fair Value, Recurring [Member] | Commercial Mortgage-Backed Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Securities, available-for-sale | 6,753 | 7,301 |
Fair Value, Recurring [Member] | Commercial Mortgage-Backed Securities [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Securities, available-for-sale | 0 | 0 |
Fair Value, Recurring [Member] | Mortgage-Backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Securities, available-for-sale | 43,084 | 38,179 |
Fair Value, Recurring [Member] | Mortgage-Backed Securities, Issued by US Government Sponsored Enterprises [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Securities, available-for-sale | 0 | 0 |
Fair Value, Recurring [Member] | Mortgage-Backed Securities, Issued by US Government Sponsored Enterprises [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Securities, available-for-sale | 43,084 | 38,179 |
Fair Value, Recurring [Member] | Mortgage-Backed Securities, Issued by US Government Sponsored Enterprises [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Securities, available-for-sale | 0 | 0 |
Fair Value, Recurring [Member] | Other Debt Obligations [Member] | ||
Securities, available-for-sale | 15,779 | 16,615 |
Fair Value, Recurring [Member] | Other Debt Obligations [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Securities, available-for-sale | 0 | 0 |
Fair Value, Recurring [Member] | Other Debt Obligations [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Securities, available-for-sale | 15,779 | 16,615 |
Fair Value, Recurring [Member] | Other Debt Obligations [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Securities, available-for-sale | $ 0 | $ 0 |
Note 5 - Fair Value - Estimated
Note 5 - Fair Value - Estimated Fair Values of Financial Instruments (Details) - USD ($) $ in Thousands | Dec. 31, 2022 | Jun. 30, 2022 |
Held-to-maturity, fair value | $ 6,911 | $ 7,831 |
Fair Value, Inputs, Level 1 [Member] | Reported Value Measurement [Member] | ||
Cash and cash equivalents | 13,302 | 20,952 |
Fair Value, Inputs, Level 1 [Member] | Estimate of Fair Value Measurement [Member] | ||
Cash and cash equivalents | 13,302 | 20,952 |
Fair Value, Inputs, Level 2 [Member] | Reported Value Measurement [Member] | ||
Certificates of deposit in other financial institutions | 3,264 | 3,781 |
Loans held for sale | 100 | 1,165 |
Accrued interest receivable | 3,017 | 2,703 |
Short-term borrowings | 25,380 | 21,295 |
Federal Home Loan Bank advances | 24,603 | 8,256 |
Accrued interest payable | 162 | 49 |
Fair Value, Inputs, Level 2 [Member] | Reported Value Measurement [Member] | Demand and Savings Deposits [Member] | ||
Demand and savings deposits | 760,900 | 784,181 |
Fair Value, Inputs, Level 2 [Member] | Reported Value Measurement [Member] | Time Deposits [Member] | ||
Demand and savings deposits | 145,252 | 102,381 |
Fair Value, Inputs, Level 2 [Member] | Estimate of Fair Value Measurement [Member] | ||
Certificates of deposit in other financial institutions | 3,146 | 3,847 |
Loans held for sale | 101 | 1,188 |
Accrued interest receivable | 3,017 | 2,703 |
Short-term borrowings | 25,380 | 21,295 |
Federal Home Loan Bank advances | 23,341 | 7,215 |
Accrued interest payable | 162 | 49 |
Fair Value, Inputs, Level 2 [Member] | Estimate of Fair Value Measurement [Member] | Demand and Savings Deposits [Member] | ||
Demand and savings deposits | 760,900 | 784,181 |
Fair Value, Inputs, Level 2 [Member] | Estimate of Fair Value Measurement [Member] | Time Deposits [Member] | ||
Demand and savings deposits | 145,027 | 102,622 |
Fair Value, Inputs, Level 3 [Member] | Reported Value Measurement [Member] | ||
Held-to-maturity, fair value | 7,338 | 7,874 |
Loans, net | 657,294 | 604,683 |
Fair Value, Inputs, Level 3 [Member] | Estimate of Fair Value Measurement [Member] | ||
Held-to-maturity, fair value | 6,911 | 7,831 |
Loans, net | $ 600,039 | $ 577,708 |
Note 6 - Earnings Per Share (De
Note 6 - Earnings Per Share (Details Textual) - shares | 3 Months Ended | 6 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2022 | Dec. 31, 2021 | |
Restricted Stock Units (RSUs) [Member] | ||||
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in shares) | 6,216 | 0 | 6,216 | 9,766 |
Note 6 - Earnings Per Share - S
Note 6 - Earnings Per Share - Schedule of Earnings Per Share, Basic and Diluted (Details) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2022 | Dec. 31, 2021 | |
Net income available to common shareholders | $ 2,809 | $ 3,162 | $ 5,344 | $ 5,827 |
Weighted average common shares outstanding (in shares) | 3,076,207 | 3,034,362 | 3,065,719 | 3,032,416 |
Basic income per share (in dollars per share) | $ 0.91 | $ 1.04 | $ 1.74 | $ 1.92 |
Dilutive effect of restricted stock (in shares) | 814 | 438 | 0 | 233 |
Total common shares and dilutive potential common shares (in shares) | 3,077,021 | 3,034,800 | 3,065,719 | 3,032,649 |
Dilutive income per share (in dollars per share) | $ 0.91 | $ 1.04 | $ 1.74 | $ 1.92 |
Note 7 - Accumulated Other Co_3
Note 7 - Accumulated Other Comprehensive Income (Loss) - Components of Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | |||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2022 | Dec. 31, 2021 | ||
Balance as of September 30, 2022 | $ (44,111) | $ 2,927 | $ (27,982) | $ 4,493 | |
Balance as of September 30, 2022 | 9,263 | (615) | 5,876 | (943) | |
Balance as of September 30, 2022 | (34,848) | 2,312 | (22,106) | 3,550 | |
Unrealized holding gains on available-for-sale securities arising during the period, before tax | 5,429 | (922) | (10,711) | (2,488) | |
Unrealized holding gains on available-for-sale securities arising during the period, tax | (1,140) | 194 | 2,249 | 522 | |
Unrealized holding gains on available-for-sale securities arising during the period, net | 4,289 | (728) | (8,462) | (1,966) | |
Amounts reclassified from accumulated other comprehensive income, before tax | 4 | [1],[2] | (2) | 15 | (2) |
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, Tax | (1) | [1],[2] | 0 | (3) | 0 |
Amounts reclassified from accumulated other comprehensive income, net | 3 | [1],[2] | (2) | 12 | (2) |
Net current period other comprehensive gain, before tax | 5,433 | (924) | (10,696) | (2,490) | |
Net current period other comprehensive gain, tax | (1,141) | 194 | 2,246 | 522 | |
Net current period other comprehensive gain, net | 4,292 | (730) | (8,450) | (1,968) | |
Accumulated other comprehensive income (loss), before tax | (38,678) | 2,003 | (38,678) | 2,003 | |
Accumulated other comprehensive income (loss), tax | 8,122 | (421) | 8,122 | (421) | |
Accumulated other comprehensive income (loss), net | $ (30,556) | $ 1,582 | $ (30,556) | $ 1,582 | |
[1]Income tax expense[2]Securities (gains) losses, net |