Document And Entity Information
Document And Entity Information - shares | 6 Months Ended | |
Dec. 31, 2023 | Feb. 09, 2024 | |
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 | 2024 | |
Document Type | 10-Q | |
Document Quarterly Report | true | |
Document Period End Date | Dec. 31, 2023 | |
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 | 3,112,564 |
Consolidated Balance Sheets (Cu
Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands | Dec. 31, 2023 | Jun. 30, 2023 |
ASSETS | ||
Cash on hand and noninterest-bearing deposits in financial institutions | $ 12,526 | $ 11,734 |
Federal funds sold and interest-bearing deposits in financial institutions | 259 | 21 |
Total cash and cash equivalents | 12,785 | 11,755 |
Certificates of deposit in other financial institutions | 2,237 | 2,501 |
Securities, available-for-sale | 276,133 | 279,605 |
Securities, held-to-maturity (fair value of $5,900 at December 31, 2023 and $6,294 at June 30, 2023) | 6,428 | 6,970 |
Equity securities, at fair value | 386 | 386 |
Federal bank and other restricted stocks, at cost | 2,724 | 2,168 |
Loans held for sale | 997 | 764 |
Total loans | 735,227 | 710,362 |
Less allowance for credit losses | (7,987) | (7,724) |
Net loans | 727,240 | 702,638 |
Cash surrender value of life insurance | 10,360 | 10,222 |
Premises and equipment, net | 17,093 | 17,182 |
Goodwill | 2,452 | 2,452 |
Core deposit intangible, net | 386 | 414 |
Other real estate owned and repossessed assets | 124 | 124 |
Accrued interest receivable and other assets | 21,999 | 22,843 |
Total assets | 1,081,344 | 1,060,024 |
LIABILITIES | ||
Noninterest-bearing demand | 222,671 | 250,906 |
Interest bearing demand | 140,003 | 152,053 |
Savings | 331,502 | 335,231 |
Time | 254,372 | 214,343 |
Total deposits | 948,548 | 952,533 |
Short-term borrowings | 25,390 | 26,367 |
Federal Home Loan Bank advances | 26,434 | 8,776 |
Accrued interest and other liabilities | 17,462 | 16,864 |
Total liabilities | 1,017,834 | 1,004,540 |
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; 3,161,203 and 3,144,739 shares issued as of December 31, 2023 and June 30, 2023, respectively) | 21,014 | 20,769 |
Retained earnings | 68,504 | 65,485 |
Treasury stock, at cost (48,639 common shares as of December 31, 2023 and June 30, 2023) | (695) | (809) |
Accumulated other comprehensive loss | (25,313) | (29,961) |
Total shareholders’ equity | 63,510 | 55,484 |
Total liabilities and shareholders’ equity | $ 1,081,344 | $ 1,060,024 |
Consolidated Balance Sheets (_2
Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($) $ / shares in Thousands, $ in Thousands | Dec. 31, 2023 | Jun. 30, 2023 |
Held-to-maturity securities, fair value | $ 5,900 | $ 6,294 |
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) | 3,161,203 | 3,144,739 |
Treasury stock, shares (in shares) | 48,639 | 48,639 |
Consolidated Statements of Inco
Consolidated Statements of Income (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2023 | Dec. 31, 2022 | |
Interest and dividend income | ||||
Loans, including fees | $ 10,165 | $ 7,955 | $ 19,862 | $ 15,085 |
Securities, taxable | 1,490 | 1,301 | 2,939 | 2,549 |
Securities, tax-exempt | 454 | 598 | 923 | 1,183 |
Equity securities | 9 | 9 | 17 | 17 |
Federal bank and other restricted stocks | 42 | 47 | 83 | 70 |
Federal funds sold and other interest-bearing deposits | 28 | 116 | 99 | 196 |
Total interest and dividend income | 12,188 | 10,026 | 23,923 | 19,100 |
Interest expense | ||||
Deposits | 3,945 | 1,127 | 7,362 | 1,724 |
Short-term borrowings | 136 | 95 | 262 | 154 |
Federal Home Loan Bank advances | 143 | 28 | 181 | 50 |
Total interest expense | 4,224 | 1,250 | 7,805 | 1,928 |
Net interest income | 7,964 | 8,776 | 16,118 | 17,172 |
Provision for credit losses on loans | 325 | 225 | 365 | 635 |
Provision for credit losses on unfunded commitments | 0 | 0 | 79 | 0 |
Net interest income after provision for credit losses | 7,639 | 8,551 | 15,674 | 16,537 |
Noninterest income | ||||
Mortgage banking activity | 70 | 72 | 168 | 154 |
Bank owned life insurance income | 70 | 65 | 138 | 130 |
Securities losses, net | 0 | (4) | (79) | (15) |
Net change in market value of equity securities | 0 | (9) | 0 | (33) |
Other | 92 | 105 | 184 | 186 |
Total noninterest income | 1,242 | 1,155 | 2,399 | 2,286 |
Noninterest expenses | ||||
Salaries and employee benefits | 3,684 | 3,591 | 7,182 | 7,030 |
Occupancy and equipment | 862 | 793 | 1,646 | 1,581 |
Data processing expenses | 199 | 192 | 395 | 384 |
Debit card processing expenses | 308 | 275 | 620 | 549 |
Professional and director fees | 229 | 352 | 465 | 587 |
FDIC assessments | 188 | 87 | 377 | 239 |
Franchise taxes | 97 | 141 | 193 | 282 |
Marketing and advertising | 156 | 203 | 384 | 407 |
Telephone and network communications | 89 | 95 | 177 | 182 |
Amortization of intangible | 14 | 14 | 28 | 28 |
Other | 605 | 577 | 1,229 | 1,129 |
Total noninterest expenses | 6,431 | 6,320 | 12,696 | 12,398 |
Income before income taxes | 2,450 | 3,386 | 5,377 | 6,425 |
Income tax expense | 435 | 577 | 952 | 1,081 |
Net income | $ 2,015 | $ 2,809 | $ 4,425 | $ 5,344 |
Basic and diluted earnings per share (in dollars per share) | $ 0.65 | $ 0.91 | $ 1.43 | $ 1.74 |
Deposit Account [Member] | ||||
Noninterest income | ||||
Noninterest income (in scope of Topic 606) | $ 433 | $ 392 | $ 859 | $ 789 |
Debit Card [Member] | ||||
Noninterest income | ||||
Noninterest income (in scope of Topic 606) | $ 577 | $ 534 | $ 1,129 | $ 1,075 |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2023 | Dec. 31, 2022 | |
Net income | $ 2,015 | $ 2,809 | $ 4,425 | $ 5,344 |
Other comprehensive income (loss), net of tax: | ||||
Unrealized gains (losses) arising during the period | 15,656 | 5,429 | 5,804 | (10,711) |
Reclassification adjustment for losses included in income | 0 | 4 | 79 | 15 |
Net unrealized gains (losses) | 15,656 | 5,433 | 5,883 | (10,696) |
Income tax effect | (3,288) | (1,141) | (1,235) | 2,246 |
Other comprehensive income (loss) | 12,368 | 4,292 | 4,648 | (8,450) |
Total comprehensive income (loss) | $ 14,383 | $ 7,101 | $ 9,073 | $ (3,106) |
Condensed Consolidated Statemen
Condensed Consolidated Statements of Changes in Shareholders' Equity (Unaudited) - USD ($) $ in Thousands | Common Stock [Member] | Retained Earnings [Member] | Treasury Stock, Common [Member] | AOCI Attributable to Parent [Member] | Total |
Balance at Jun. 30, 2022 | $ 20,287 | $ 56,906 | $ (1,117) | $ (22,106) | $ 53,970 |
Net income | 5,344 | 5,344 | |||
Other comprehensive income | 0 | 0 | 0 | (8,450) | (8,450) |
Vested 4,607 shares associated with restricted stock awards | 35 | 0 | 308 | 0 | 343 |
Restricted stock expense, net of reversal for units not expected to vest | (118) | 0 | 0 | (118) | |
Issuance of 4,159 shares associated with dividend reinvestment plan and stock purchase plan | 117 | 117 | |||
Cash dividends declared | (1,045) | (1,045) | |||
Restricted stock expense | 118 | 0 | 0 | 118 | |
Other comprehensive income | 0 | 0 | 0 | (8,450) | (8,450) |
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 | 0 | 0 | 0 | 4,292 | 4,292 |
Vested 4,607 shares associated with restricted stock awards | 0 | 0 | 192 | 0 | 192 |
Restricted stock expense, net of reversal for units not expected to vest | (118) | 0 | 0 | (118) | |
Issuance of 4,159 shares associated with dividend reinvestment plan and stock purchase plan | 54 | 54 | |||
Cash dividends declared | (526) | (526) | |||
Restricted stock expense | 118 | 0 | 0 | 118 | |
Other comprehensive income | 0 | 0 | 0 | 4,292 | 4,292 |
Balance at Dec. 31, 2022 | 20,557 | 61,205 | (809) | (30,556) | 50,397 |
Balance (Accounting Standards Update 2016-13 [Member]) at Jun. 30, 2023 | 0 | (285) | 0 | 0 | (285) |
Balance at Jun. 30, 2023 | 20,769 | 65,485 | (809) | (29,961) | 55,484 |
Net income | 4,425 | 4,425 | |||
Other comprehensive income | 0 | 0 | 0 | 4,648 | 4,648 |
Vested 4,607 shares associated with restricted stock awards | 81 | 0 | 114 | 0 | 195 |
Restricted stock expense, net of reversal for units not expected to vest | (28) | 0 | 0 | (28) | |
Issuance of 4,159 shares associated with dividend reinvestment plan and stock purchase plan | 134 | 134 | |||
Cash dividends declared | (1,121) | (1,121) | |||
Restricted stock expense | 28 | 0 | 0 | 28 | |
Other comprehensive income | 0 | 0 | 0 | 4,648 | 4,648 |
Issuance of 8,519 stock-based incentive plan shares, net of forfeitures | 2 | 0 | 0 | 0 | 2 |
Balance at Dec. 31, 2023 | 21,014 | 68,504 | (695) | (25,313) | 63,510 |
Balance at Sep. 30, 2023 | 20,933 | 67,050 | (747) | (37,681) | 49,555 |
Net income | 2,015 | 2,015 | |||
Other comprehensive income | 0 | 0 | 0 | 12,368 | 12,368 |
Vested 4,607 shares associated with restricted stock awards | 34 | 0 | 52 | 0 | 86 |
Restricted stock expense, net of reversal for units not expected to vest | (22) | 0 | 0 | 0 | (22) |
Issuance of 4,159 shares associated with dividend reinvestment plan and stock purchase plan | 69 | 69 | |||
Cash dividends declared | (561) | (561) | |||
Restricted stock expense | 22 | 0 | 0 | 0 | 22 |
Other comprehensive income | 0 | 0 | 0 | 12,368 | 12,368 |
Balance at Dec. 31, 2023 | $ 21,014 | $ 68,504 | $ (695) | $ (25,313) | $ 63,510 |
Condensed Consolidated Statem_2
Condensed Consolidated Statements of Changes in Shareholders' Equity (Unaudited) (Parentheticals) - $ / shares | 3 Months Ended | 6 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2023 | Dec. 31, 2022 | |
Shares associated with stock awards (in shares) | 4,607 | 26,743 | 10,283 | 26,743 |
Shares issued associated with dividend reinvestment plan and stock purchase plan, shares (in shares) | 4,159 | 2,879 | 7,945 | 5,944 |
Common stock, dividends, per share, declared (in dollars per share) | $ 0.18 | $ 0.17 | $ 0.36 | $ 0.34 |
Shares, Share-Based Payment Arrangement, after Forfeiture (in shares) | 8,519 |
Condensed Consolidated Statem_3
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands | 6 Months Ended | |
Dec. 31, 2023 | Dec. 31, 2022 | |
Cash flows from operating activities | ||
Net cash from operating activities | $ 5,833 | $ 7,783 |
Cash flow from investing activities | ||
Purchases of securities, available-for-sale | (7,049) | (17,091) |
Maturities, calls and principal pay downs of securities, available-for-sale | 11,850 | 11,405 |
Sale of securities, available-for-sale | 4,002 | 3,708 |
Principal pay downs of securities, held-to-maturity | 542 | 536 |
Net decrease in certificates of deposit in other financial institutions | 264 | 517 |
Net change in Federal Home Loan Bank stock, at cost | (556) | (58) |
Net increase in loans | (25,019) | (53,257) |
Premises and equipment purchases | (546) | (298) |
Sale of other repossessed assets | 0 | 11 |
Net cash used in investing activities | (16,512) | (54,527) |
Cash flow from financing activities | ||
Net (decrease) increase in deposit accounts | (3,985) | 19,590 |
Net change in short-term borrowings | (977) | 4,085 |
Proceeds from Federal Home Loan Bank advances | 18,300 | 16,400 |
Repayments of Federal Home Loan Bank advances | (642) | (53) |
Proceeds from dividend reinvestment and stock purchase plan | 134 | 117 |
Dividends paid | (1,121) | (1,045) |
Net cash from financing activities | 11,709 | 39,094 |
Increase (decrease) in cash or cash equivalents | 1,030 | (7,650) |
Cash and cash equivalents, beginning of period | 11,755 | 20,952 |
Cash and cash equivalents, end of period | 12,785 | 13,302 |
Supplemental disclosure of cash flow information: | ||
Interest | (7,409) | (1,815) |
Federal income taxes | (1,125) | (1,515) |
Non-cash items: | ||
Transfer from loans to repossessed assets | 0 | 11 |
Issuance of treasury stock for vested restricted stock awards | $ 195 | $ 343 |
Note 1 - Summary of Significant
Note 1 - Summary of Significant Accounting Policies | 6 Months Ended |
Dec. 31, 2023 | |
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, 2023. not may The consolidated financial statements include the accounts of the company and the Bank. All significant inter-company transactions and accounts have been eliminated in consolidation. Segment Information: one Reclassifications: no Adoption of New Accounting Standards: June 2016, 2016 13, 326 This guidance became effective for the Company on July 1, 2023 July 1, 2023 326 At adoption, the Company recognized an incremental allowance for credit losses on loans of $52 and a liability for off-balance sheet unfunded commitments of $308. Additionally, a $285 decrease to the retained earnings account associated with the increased estimated credit losses was recorded along with the $75 tax impact portion being recorded as part of the deferred tax asset in other assets on our Consolidated Balance Sheet. Allowance for Credit Losses (ACL) Topic 326 Portfolio Segmentation The allowance for credit losses consists of general and specific components. The general component covers loans within portfolio segments that are collectively evaluated for credit losses. Portfolio segmentation is the pooling of loans based upon similar risk characteristics so that quantitative methodologies and qualitative adjustment factors for estimating the allowance for credit losses can be applied to the pool of loans in each segment. The Company has identified six 1 4 Commercial & Industrial: Commercial loans are made for a wide variety of general business purposes, including financing for equipment, inventories and accounts receivable. The term of each commercial loan varies by its purpose. Commercial loans are underwritten after evaluating and understanding the borrower’s ability to operate profitably and prudently expand its business. Current and projected cash flows are evaluated to determine the ability of the borrower to repay their obligations as agreed. Commercial loans are primarily made based on the identified cash flows of the borrower and secondarily made based on the underlying collateral provided by the borrower. The cash flows of borrowers, however, may not may may may Commercial Real Estate: Commercial real estate loans include mortgage loans to owners of multi-family investment properties and owners of commercial real estate. Commercial real estate lending typically involves higher loan principal amounts, and the repayment of these loans is generally largely dependent on the successful operation of the property securing the loan or the business conducted on the property securing the loan. Current and projected cash flows are evaluated to determine the ability of the borrower to repay their obligations as agreed. Commercial real estate loans may may three Farmland: Farmland loans include loans for agriculture purposes, such as crop and livestock production. Current and projected cash flows are evaluated to determine the ability of the borrower to repay their obligations as agreed. Agriculture lending is largely dependent on the successful management and operation of the farm and may Land Development: Land Development loans include loans to finance the construction of residential and commercial properties generally located within our primary market area. Land development loans are fixed-rate or adjustable-rate loans which may 30 may 80% may 1 4 one four no 85% Consumer: The Company originates direct and indirect consumer loans, primarily automobile loans, personal lines of credit, and unsecured consumer loans in its primary market areas. Credit approval for consumer loans requires income sufficient to repay principal and interest due, stability of employment, an established credit record and sufficient collateral for secured loans. Consumer loans typically have shorter terms and lower balances with higher yields as compared to real estate mortgage loans, but generally carry higher risks of default. Consumer loan collections are dependent on the borrower’s continuing financial stability, and thus are more likely to be affected by adverse personal circumstances and economic conditions. The allowance for credit losses for portfolio segments is evaluated based upon periodic quantitative review of the collectability of the loans that correlates historical loan experience with reasonable and supportable forecasts using forward looking information. The Company utilizes a discounted cash flow (loss rate, expected loss) method to estimate the quantitative portion of the allowance for credit losses for all portfolio segments. For each portfolio segment, a loss driver analysis (LDA) is performed to identify appropriate loss drivers and create a regression model for use in forecasting cash flows. The LDA analysis utilizes peer data from the Federal Financial Institutions Examination Council’s (FFIEC) Call Report data for all segments. The Company has established a one one third Adjustments may Individually Evaluated Loans Loans that do not not third Reserve for Unfunded Commitments The reserve for unfunded commitments represents the expected credit losses on off-balance sheet commitments such as unfunded commitments to extend credit over the contractual period in which we are exposed to credit risk on the underlying commitments unless the obligation is unconditionally cancellable by the Company. Any reserve for off-balance sheet credit exposures is reported as an other liability on our Consolidated Balance Sheet and is increased or decreased via the provision for credit losses account on our Consolidated Statement of Income. The calculation includes consideration of the likelihood that funding will occur and forecasted credit losses on commitments expected to be funded over their estimated lives. The reserve is calculated using the same aggregate reserve rates calculated for the funded portion of loans at the portfolio level applied to the amount of commitments expected to be funded. Available-for-Sale (AFS) and Held-to-Maturity (HTM) Debt Securities For AFS securities in an unrealized loss position, management determines whether the Company intends to sell or if it is more likely than not not 326 30 not Since the adoption of CECL, the Company monitors the credit quality of HTM debt securities primarily through the financial condition of the issuer. Any allowance for credit losses on HTM securities would be a contra asset valuation account that would be deducted from the carrying amount of HTM securities to present the net amount expected to be collected and would be charged off against the allowance for credit losses when deemed uncollectible. Adjustments to the allowance for credit losses would be reported in the Company’s Consolidated Statements of Income in the provision for credit losses. Since all the HTM securities are non-rated municipal securities to local customers, management considers the financial condition of the issuer and whether issuers continue to make timely principal and interest payments under the contractual terms of the securities. At December 31, 2023 July 1, 2023, no Accrued Interest Receivable Upon adoption of ASU 2016 13 July 1, 2023, • Exclude accrued interest receivable that is included in the amortized cost of financing receivables and debt securities from related disclosure requirements. • Continue its policy to write off accrued interest receivable by reversing it from interest income. For commercial and real estate loans, accruing interest is typically discontinued and any balance is written off when the loan becomes 90 no 120 not • Not On July 1, 2023, 2022 02, 326 326 not |
Note 2 - Securities
Note 2 - Securities | 6 Months Ended |
Dec. 31, 2023 | |
Notes to Financial Statements | |
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block] | Note 2 – Securities Debt securities The following tables summarize the amortized cost, fair value, and the corresponding amounts of gross unrealized gains and losses recognized in accumulated other comprehensive loss on the Company’s debt securities available-for-sale and gross unrecognized losses on the Company’s debt securities held-to-maturity as of December 31, 2023 June 30, 2023: Available for-Sale Amortized Gross Gross Losses Fair December 31, 2023 Obligations of U.S. Treasury $ 8,957 $ — $ (321 ) $ 8,636 Obligations of U.S. government-sponsored entities and agencies 28,686 45 (3,273 ) 25,458 Obligations of state and political subdivisions 87,136 150 (6,821 ) 80,465 U.S. Government-sponsored mortgage-backed securities–residential 100,308 57 (13,452 ) 86,913 U.S. Government-sponsored mortgage-backed securities– commercial 8,594 — (1,678 ) 6,916 U.S. Government-sponsored collateralized mortgage obligations– residential 57,406 162 (5,338 ) 52,230 Other debt securities 17,088 — (1,573 ) 15,515 Total securities available-for-sale $ 308,175 $ 414 $ (32,456 ) $ 276,133 Held-to-Maturity Amortized Gross Gross Fair December 31, 2023 Obligations of state and political subdivisions $ 6,428 $ — $ (528 ) $ 5,900 Available-for-sale Amortized Gross Gross Fair June 30, 2023 Obligation of U.S Treasury $ 8,941 $ — $ (533 ) $ 8,408 Obligations of U.S. government-sponsored entities and agencies 29,430 7 (3,745 ) 25,692 Obligations of state and political subdivisions 92,891 63 (8,982 ) 83,972 U.S. Government-sponsored mortgage-backed securities - residential 104,689 12 (15,066 ) 89,635 U.S. Government-sponsored mortgage-backed securities - commercial 8,604 — (1,809 ) 6,795 U.S. Government-sponsored collateralized mortgage obligations – residential 55,800 8 (5,738 ) 50,070 Other debt securities 17,175 — (2,142 ) 15,033 Total available-for-sale securities $ 317,530 $ 90 $ (38,015 ) $ 279,605 Held-to-maturity Amortized Gross Gross Losses Fair June 30, 2023 Obligations of state and political subdivisions $ 6,970 $ — $ (676 ) $ 6,294 Proceeds from the sale of available-for-sale securities were as follows: Three Months Ended December 31, Six Months Ended December 31, 2023 2022 2023 2022 Proceeds from sales $ — $ 1,639 $ 4,002 $ 3,708 Gross realized gains — 1 — 8 Gross realized losses — 5 79 23 The income tax benefit related to the net realized losses amounted to $16 for the six December 31, 2023 three six December 31, 2022. The amortized cost and fair values of debt securities as of December 31, 2023, may not Available-for-Sale Amortized Cost Estimated Fair Value Due in one year or less $ 11,378 $ 11,143 Due after one year through five years 25,096 24,096 Due after five years through ten years 51,843 46,760 Due after ten years 53,550 48,075 Total 141,867 130,074 U.S. Government-sponsored mortgage-backed and related securities 166,308 146,059 Total securities available-for-sale $ 308,175 $ 276,133 Held-to-Maturity Due in one year or less $ 2,720 $ 2,658 Due after one year through five years 467 457 Due after five years through ten years 3,241 2,785 Total securities held-to-maturity $ 6,428 $ 5,900 Securities with a carrying value of approximately $140,998 and $137,896 were pledged at December 31, 2023 June 30, 2023, The following table summarizes the debt securities with unrealized and unrecognized losses as of December 31, 2023 June 30, 2023, Less than 12 Months 12 Months or more Total Available-for-sale Fair Unrealized Fair Unrealized Fair Unrealized December 31, 2023 Obligation of U.S. Treasury $ — $ — $ 8,636 $ (321 ) $ 8,636 $ (321 ) Obligations of U.S. government-sponsored entities and agencies 1,091 (31 ) 22,629 (3,242 ) 23,720 (3,273 ) Obligations of state and political subdivisions 4,916 (74 ) 61,833 (6,747 ) 66,749 (6,821 ) U.S. Government-sponsored mortgage-backed securities – residential 2,494 (24 ) 82,234 (13,428 ) 84,728 (13,452 ) U.S. Government-sponsored mortgage-backed securities – commercial — — 6,916 (1,678 ) 6,916 (1,678 ) Collateralized mortgage obligations - residential 11,934 (180 ) 31,532 (5,158 ) 43,466 (5,338 ) Other debt securities — — 15,515 (1,573 ) 15,515 (1,573 ) Total temporarily impaired $ 20,435 $ (309 ) $ 229,295 $ (32,147 ) $ 249,730 $ (32,456 ) Less than 12 Months 12 Months or more Total Held to Maturity Fair Unrecognized Fair Unrecognized Fair Unrecognized December 31, 2023 Obligations of state and political subdivisions $ — $ — $ 5,900 $ (528 ) $ 5,900 $ (528 ) Total temporarily impaired $ — $ — $ 5,900 $ (528 ) $ 5,900 $ (528 ) Less than 12 Months 12 Months or more Total Available-for-sale Fair Unrealized Fair Unrealized Fair Unrealized June 30, 2023 Obligations of U.S. Treasury $ — $ — $ 8,408 $ (533 ) $ 8,408 $ (533 ) Obligations of U.S. government-sponsored entities and agencies 1,008 (10 ) 23,551 (3,735 ) 24,559 (3,745 ) Obligations of state and political subdivisions 16,009 (344 ) 62,492 (8,638 ) 78,501 (8,982 ) Mortgage-backed securities – residential 3,334 (84 ) 85,096 (14,982 ) 88,430 (15,066 ) Mortgage-backed securities – commercial — — 6,795 (1,809 ) 6,795 (1,809 ) Collateralized mortgage obligations - residential 22,039 (638 ) 27,023 (5,100 ) 49,062 (5,738 ) Other debt securities — — 15,033 (2,142 ) 15,033 (2,142 ) Total temporarily impaired $ 42,390 $ (1,076 ) $ 228,398 $ (36,939 ) $ 270,788 $ (38,015 ) Less than 12 Months 12 Months or more Total Held to Maturity Fair Unrecognized Fair Unrecognized Fair Unrecognized June 30, 2023 Obligations of state and political subdivisions $ — $ — $ 6,294 $ (676 ) $ 6,294 $ (676 ) Total temporarily impaired $ — $ — $ 6,294 $ (676 ) $ 6,294 $ (676 ) At December 31, 2023, December 31, 2023, no not The Company’s mortgage-backed securities and collateralized mortgage obligations were issued by U.S. government-sponsored entities and agencies. The Company does not December 31, 2023, one Ba2 February 2024. not not not not Equity Securities The Company owned equity securities with an amortized cost of $400 as of December 31, 2023, June 30, 2023. three six December 31, 2023 2022. three six December 31, 2023 2022. Three Months Ended December 31, Six Months Ended December 31, 2023 2022 2023 2022 Unrealized loss recognized on equity securities held at the end of the period $ — $ (33 ) $ — $ (9 ) |
Note 3 - Loans and Allowance fo
Note 3 - Loans and Allowance for Credit Losses | 6 Months Ended |
Dec. 31, 2023 | |
Notes to Financial Statements | |
Loans, Notes, Trade and Other Receivables Disclosure [Text Block] | Note 3 – Loans and Allowance for Credit Losses The following table presents loans by major category. December 31, 2023 June 30, 2023 Commercial & Industrial $ 112,012 $ 112,558 Commercial real estate: Owner occupied 157,553 151,005 Non-owner occupied 148,922 140,002 Farmland 40,670 40,606 Land Development 11,555 11,004 1 – 4 family residential real estate 192,117 189,312 Consumer 72,233 65,617 Subtotal 735,062 710,104 Unamortized deferred loan costs, net 165 258 Allowance for credit losses (7,987 ) (7,724 ) Net Loans $ 727,240 $ 702,638 The following table presents the activity in the allowance for credit losses by portfolio segment for the three December 31, 2023. 1-4 Family Commercial Commercial Residential & Real Land Real Industrial Estate Farmland Development Estate Consumer Total ACL beginning balance $ 974 $ 3,951 $ 91 $ 266 $ 1,638 $ 862 $ 7,782 Provision for expected credit losses (19 ) 180 (2 ) (20 ) 56 130 325 Charge-offs — — — — — (137 ) (137 ) Recoveries — — — — 2 15 17 ACL ending balance $ 955 $ 4,131 $ 89 $ 246 $ 1,696 $ 870 $ 7,987 The following table presents the activity in the allowance for credit losses by portfolio segment for the six December 31, 2023. 1-4 Family Commercial Commercial Residential & Real Land Real Industrial Estate Farmland Development Estate Consumer Total ACL beginning balance $ 1,308 $ 3,943 $ — $ — $ 1,571 $ 902 $ 7,724 Cumulative effect of change in accounting principle (455 ) (53 ) 93 398 166 (97 ) 52 Provision for expected credit losses 102 241 (4 ) (152 ) (43 ) 221 365 Charge-offs — — — — — (243 ) (243 ) Recoveries — — — — 2 87 89 ACL ending balance $ 955 $ 4,131 $ 89 $ 246 $ 1,696 $ 870 $ 7,987 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 amortized cost of non-accrual loans by class as of December 31, 2023: December 31, 2023 Interest Income Non-accrual Total Recognized during loans with Non-accrual the period on no ACL loans non-accrual loans Commercial & Industrial $ 350 $ 350 $ — Commercial real estate: Owner occupied 428 428 $ — 1 – 4 family residential real estate 137 336 — Total $ 915 $ 1,114 $ — The following table presents the recorded investment of non-accrual loans by class as of June 30, 2023: June 30, 2023 Non-accrual Commercial Real Estate: Other $ 51 1 – 4 family residential: Non-owner occupied 3 Total $ 54 The following table presents the aging of the amortized cost of past due loans as of December 31, 2023 Loans 90 Days Past Due Days Past 30 59 60 89 90 Days or Total Loans Not Due and Days Days Greater Past Due Past Due Total Accruing Commercial & Industrial $ — $ 25 $ — $ 25 $ 112,048 $ 112,073 $ — Commercial real estate: Owner occupied — — 51 51 157,235 157,286 — Non-owner occupied — — — — 148,598 148,598 — Farmland 40,564 40,564 — Land development — — — — 11,515 11,515 — 1 – 4 family residential real estate 241 40 314 595 192,601 193,196 — Consumer 764 151 20 935 71,060 71,995 20 Total $ 1,005 $ 216 $ 385 $ 1,606 $ 733,621 $ 735,227 $ 20 The following table presents the aging of the recorded investment in past due loans as of June 30, 2023 Loans 90 Days Past Due Days Past 30 59 60 89 90 Days or Total Loans Not Due and Days Days Greater Past Due Past Due Total Accruing Commercial & Industrial $ — $ — $ — $ — $ 112,826 $ 112,826 $ — Commercial real estate: Construction — — — — 23,996 23,996 — Other — — 51 51 318,654 318,705 — 1-4 family residential: Owner occupied 17 124 — 141 158,296 158,437 — Non-owner occupied — — 3 3 23,885 23,888 — Construction — — — — 8,514 8,514 — Consumer 438 120 50 608 64,986 65,594 50 Total $ 455 $ 244 $ 104 $ 803 $ 711,157 $ 711,960 $ 50 Credit Quality Indicators: The Company 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. At the time of origination, the Company analyzes all commercial loans individually and classifies the loans by credit risk. Management regularly monitors commercial loans for any changes in the borrowers’ ability to service their debt and completes an annual review to confirm the risk rating for those loans with total outstanding loan relationships greater than $500. Special Mention. may Substandard. not Doubtful. Based on the most recent analysis performed, the following tables present the amortized cost by internal risk category and class of loans as of December 31, 2023: Revolving Revolving Loans Loans Term Loans by Origination Year Amortized Converted 2024 2023 2022 2021 2020 Prior Cost Basis To Term Total Commercial & Industrial Pass $ 19,225 $ 27,884 $ 30,632 $ 8,505 $ 4,148 $ 4,934 $ 14,770 $ — $ 110,098 Special Mention — — 402 137 15 93 933 — 1,580 Substandard — — — — — — 308 — 308 Doubtful — — — — — — 87 — 87 Total Commercial & Industrial $ 19,225 $ 27,884 $ 31,034 $ 8,642 $ 4,163 $ 5,027 $ 16,098 $ — $ 112,073 Current year-to-date gross write-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Commercial real estate: Owner occupied: Pass $ 9,116 $ 19,895 $ 35,153 $ 23,167 $ 15,518 $ 43,194 $ 7,649 $ — $ 153,692 Special Mention — — — — 900 2,189 150 — 3,239 Substandard — — — — — 266 — — 266 Doubtful — — — 38 — 51 — — 89 Total owner occupied $ 9,116 $ 19,895 $ 35,153 $ 23,205 $ 16,418 $ 45,700 $ 7,799 $ — $ 157,286 Current year-to-date gross write-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Non-owner occupied: Pass $ 8,422 $ 38,944 $ 22,752 $ 25,431 $ 13,085 $ 35,748 $ 781 $ — $ 145,163 Special Mention — — — 3,435 — — — — 3,435 Substandard — — — — — — — — — Doubtful — — — — — — — — — Total non-owner occupied $ 8,422 $ 38,944 $ 22,752 $ 28,866 $ 13,085 $ 35,748 $ 781 $ — $ 148,598 Current year-to-date gross write-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Farmland: Pass $ 1,351 $ 6,354 $ 5,958 $ 5,403 $ 2,338 $ 17,114 $ 1,226 $ — $ 39,744 Special Mention — — — — — 820 — — 820 Substandard — — — — — — — — — Doubtful — — — — — — — — — Total Farmland $ 1,351 $ 6,354 $ 5,958 $ 5,403 $ 2,338 $ 17,934 $ 1,226 $ — $ 40,564 Current year-to-date gross write-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Land Development: Pass $ 2,279 $ 2,015 $ 604 $ 529 $ 303 $ 590 $ 5,195 $ — $ 11,515 Special Mention — — — — — — — — — Substandard — — — — — — — — — Doubtful — — — — — — — — — Total Land Development $ 2,279 $ 2,015 $ 604 $ 529 $ 303 $ 590 $ 5,195 $ — $ 11,515 Current year-to-date gross write-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Total: Pass $ 40,393 $ 95,092 $ 95,099 $ 63,035 $ 35,392 $ 101,580 $ 29,621 $ — $ 460,212 Special Mention — — 402 3,572 915 3,102 1,083 — 9,074 Substandard — — — — — 266 308 — 574 Doubtful — — — 38 — 51 87 — 176 Total $ 40,393 $ 95,092 $ 95,501 $ 66,645 $ 36,307 $ 104,999 $ 31,099 $ — $ 470,036 Management monitors the credit risk profile by payment activity for residential and consumer loan classes. Loans past due 90 December 31, 2023: Revolving Revolving Loans Loans Term Loans by Origination Year Amortized Converted 2024 2023 2022 2021 2020 Prior Cost Basis To Term Total 1 4 family residential real estate: Performing $ 11,025 $ 22,294 $ 31,112 $ 52,338 $ 20,212 $ 30,961 $ 24,918 $ — $ 192,860 Nonperforming — — 197 — — 139 — — 336 Total 1-4 family residential real estate $ 11,025 $ 22,294 $ 31,309 $ 52,338 $ 20,212 $ 31,100 $ 24,918 $ — $ 193,196 Current year-to-date gross write-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Consumer: Performing $ 18,120 $ 30,599 $ 15,931 $ 5,698 $ 979 $ 532 $ 116 $ — $ 71,975 Nonperforming — — 7 3 8 2 — — 20 Total consumer $ 18,120 $ 30,599 $ 15,938 $ 5,701 $ 987 $ 534 $ 116 $ — $ 71,995 Current year-to-date gross write-offs $ 20 $ 78 $ 97 $ 33 $ 15 $ — $ — $ — $ 243 Total: Performing $ 29,145 $ 52,893 $ 47,043 $ 58,036 $ 21,191 $ 31,493 $ 25,034 $ — $ 264,835 Nonperforming — — 204 3 8 141 — — 356 Total $ 29,145 $ 52,893 $ 47,247 $ 58,039 $ 21,199 $ 31,634 $ 25,034 $ — $ 265,191 Based on the most recent analysis performed, the following table presents the recorded investment by risk category and by class of loans as of June 30, 2023: Special Not Pass Mention Substandard Doubtful Rated Commercial & Industrial $ 110,928 $ 1,174 $ 573 $ — $ 151 Commercial real estate: Construction 23,996 — — — — Other 310,427 7,097 468 51 662 1-4 Family residential real estate: Owner occupied 2,013 — 17 — 156,407 Non-owner occupied 23,474 50 105 3 256 Construction 3,227 — — — 5,287 Consumer 597 — — — 64,997 Total $ 474,662 $ 8,321 $ 1,163 $ 54 $ 227,760 Modifications to Borrowers Experiencing Financial Difficulty Occasionally, the Company modifies loans to borrowers experiencing financial difficulty to maximize collection of loan balances by providing principal forgiveness, term extension, an other-than insignificant payment delay, or an interest rate reduction. In some cases, the Company may one There were no six December 31, 2023. Impaired Loans The following impaired loan information relates to required disclosures under the previous incurred loan loss methodology and are only presented with prior period information. 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, 2023. 1-4 Family Commercial Commercial Residential & Real Real Industrial Estate Estate Consumer Total Allowance for loan losses: Ending allowance balance attributable to loans: Individually evaluated for impairment $ — $ — $ — $ — $ — Acquired loans collectively evaluated for impairment — 40 74 — 114 Originated loans collectively evaluated for impairment 1,308 3,903 1,497 902 7,610 Total ending allowance balance $ 1,308 $ 3,943 $ 1,571 $ 902 $ 7,724 Recorded investment in loans: Loans individually evaluated for impairment $ 314 $ 88 $ 3 $ — $ 405 Acquired loans collectively evaluated for impairment 622 6,953 23,038 1,230 31,843 Originated loans collectively evaluated for impairment 111,890 335,660 167,798 64,364 679,712 Total ending loans balance $ 112,826 $ 342,701 $ 190,839 $ 65,594 $ 711,960 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, 2023 six December 31, 2022: As of June 30, 2023 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 & Industrial $ 404 $ 314 $ — $ 297 $ 18 $ 18 Commercial real estate: Other 127 88 — 40 4 4 1-4 Family residential real estate: Owner occupied 24 — — 20 2 2 Non-owner occupied 3 3 — 53 — — Total $ 558 $ 405 $ — $ 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 |
Note 4 - Fair Value
Note 4 - Fair Value | 6 Months Ended |
Dec. 31, 2023 | |
Notes to Financial Statements | |
Fair Value Disclosures [Text Block] | Note 4 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 December 31, Fair Value Measurements at December 31, 2023 2023 Level 1 Level 2 Level 3 Assets: Obligations of U.S. Treasury $ 8,636 $ — $ 8,636 $ — Obligations of U.S. government-sponsored entities and agencies 25,458 — 25,458 — Obligations of state and political subdivisions 80,465 — 80,465 — U.S. Government-sponsored mortgage-backed securities – residential 86,913 — 86,913 — U.S. Government-sponsored mortgage-backed securities – commercial 6,916 — 6,916 — U.S. Government-sponsored collateralized mortgage obligations - residential 52,230 — 52,230 — Other debt securities 15,515 — 15,515 — Equity securities 386 — 386 — Balance at June 30, Fair Value Measurements at June 30, 2023 2023 Level 1 Level 2 Level 3 Assets: Obligations of U.S. treasury $ 8,408 $ — $ 8,408 $ — Obligations of U.S. government-sponsored entities and agencies 25,692 — 25,692 — Obligations of state and political subdivisions 83,972 — 83,972 — U.S. government-sponsored mortgage-backed securities - residential 89,635 — 89,635 — U.S. government-sponsored mortgage-backed securities - commercial 6,795 — 6,795 — U.S. government-sponsored collateralized mortgage obligations - residential 50,070 — 50,070 — Other debt securities 15,033 — 15,033 — Equity securities 386 — 386 — There were no 1 2 three six December 31, 2023. Certain assets and liabilities are measured at fair value on a non-recurring basis; that is, the instruments are not may 326 Collateral Dependent Loans: may 3 December 31, 2023, $12.There no June 30, 2023. Other Real Estate and Repossessed Assets Owned: December 31, 2023 June 30, 2023. December 31, 2023 June 30, 2023 The following table shows the estimated fair values of financial instruments that are reported at amortized cost in the Company’s consolidated balance sheets, segregated by the level of the valuation inputs within the fair value hierarchy utilized to measure fair value: December 31, 2023 June 30, 2023 Carrying Estimated Carrying Estimated Financial Assets: Level 1 inputs: Cash and cash equivalents $ 12,785 $ 12,785 $ 11,755 $ 11,755 Level 2 inputs: Certificates of deposit in other financial institutions 2,237 2,225 2,501 2,450 Loans held for sale 997 1,017 764 774 Accrued interest receivable 3,301 3,301 3,024 3,024 Level 3 inputs: Securities held-to-maturity 6,428 5,900 6,970 6,294 Loans, net 727,240 686,282 702,638 656,737 Financial Liabilities: Level 2 inputs: Demand and savings deposits 694,176 694,116 738,190 738,190 Time deposits 254,372 253,604 214,343 211,856 Short-term borrowings 25,390 25,390 26,367 26,367 Federal Home Loan Bank advances 26,434 25,391 8,776 7,678 Accrued interest payable 740 740 344 344 The assumptions used to estimate fair value are described as follows: Cash and cash equivalents: 1 Certificates of deposits in other financial institutions: 2 Accrued interest receivable and payable, demand and savings deposits and short-term borrowings 2 Loans held for sale: third 2 Loans: no 3 not Securities held-to-maturity: 3 Time deposits: December 31, 2023 2022 2 not Federal Home Loan Bank advances: December 31, 2023 2022 2 Federal bank and other restricted stocks, at cost: not Off-balance sheet commitments: not not |
Note 5 - Affordable Tax Credit
Note 5 - Affordable Tax Credit Partnership | 6 Months Ended |
Dec. 31, 2023 | |
Notes to Financial Statements | |
Investments in Affordable Housing Tax Credits Projects [Text Block] | NOTE 5 AFFORDABLE TAX CREDIT PARTNERSHIP In April 2023, 42 not The Company uses the proportional amortization method to account for its investment. The investment is included in other assets and the unfunded commitment is included in other liabilities. As a limited partner, there is no The following table summarizes the balances of the affordable housing tax credit investment and related unfunded commitment at December 31, 2023 June 30, 2023. December 31, 2023 June 30, 2023 Affordable housing tax credit investment $ 10,250 $ 10,250 Less: amortization (2 ) — Net affordable housing tax credit investment $ 10,248 $ 10,250 Unfunded commitments $ 9,305 $ 9,668 The following summarizes other information relating to the affordable housing tax credit investment for the three six December 31, 2023 2022. Three Months Ended December 31, Six Months Ended December 31, 2023 2022 2023 2022 Tax credits and other tax benefits recognized $ 8 $ — $ 23 $ — Proportional amortization expense included in provision for income taxes 1 — 2 — |
Note 6 - Earnings Per Share
Note 6 - Earnings Per Share | 6 Months Ended |
Dec. 31, 2023 | |
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, 2023. three six December 31, 2022. For the Three Months Ended December 31, For the Six Months Ended December 31, 2023 2022 2023 2022 Basic: Net income available to common shareholders $ 2,015 $ 2,809 4,425 5,344 Weighted average common shares outstanding 3,107,496 3,076,207 3,099,804 3,065,719 Basic income per share $ 0.65 $ 0.91 1.43 1.74 Diluted: Net income available to common shareholders $ 2,015 $ 2,809 4,425 5,344 Weighted average common shares outstanding 3,107,496 3,076,207 3,099,804 3,065,719 Dilutive effect of restricted stock — 814 — — Total common shares and dilutive potential common shares 3,107,496 3,077,021 3,099,804 3,065,719 Dilutive income per share $ 0.65 $ 0.91 1.43 1.74 |
Note 7 - Accumulated Other Comp
Note 7 - Accumulated Other Comprehensive Income (Loss) | 6 Months Ended |
Dec. 31, 2023 | |
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 six December 31, 2023 2022, Pretax Tax Effect After-tax Balance as of September 30, 2023 $ (47,698 ) $ 10,017 $ (37,681 ) Unrealized holding gains on available-for-sale securities arising during the period 15,656 (3,288 ) 12,368 Balance as of December 31, 2023 $ (32,042 ) $ 6,729 $ (25,313 ) Pretax Tax Effect After-tax Affected Line Item in Consolidated Statements of Income 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 Item in Consolidated Statements of Income Balance as of June 30, 2023 $ (37,925 ) $ 7,964 $ (29,961 ) Unrealized holding gains on available-for-sale securities arising during the period 5,804 (1,219 ) 4,585 Amounts reclassified from accumulated other comprehensive loss 79 (16 ) 63 (a)(b) Net current period other comprehensive income 5,883 (1,235 ) 4,648 Balance as of December 31, 2023 $ (32,042 ) $ 6,729 $ (25,313 ) Pretax Tax Effect After-tax Affected Line Item in Consolidated Statements of Income 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 loss 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 ) (a) Securities (gains) losses, net (b) Income tax expense |
Insider Trading Arrangements
Insider Trading Arrangements | 3 Months Ended | 6 Months Ended |
Dec. 31, 2023 | Dec. 31, 2023 | |
Insider Trading Arr Line Items | ||
Material Terms of Trading Arrangement [Text Block] | Item 5 – Other Information None | |
Rule 10b5-1 Arrangement Adopted [Flag] | false | |
Non-Rule 10b5-1 Arrangement Adopted [Flag] | false | |
Rule 10b5-1 Arrangement Terminated [Flag] | false | |
Non-Rule 10b5-1 Arrangement Terminated [Flag] | false |
Significant Accounting Policies
Significant Accounting Policies (Policies) | 6 Months Ended |
Dec. 31, 2023 | |
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, 2023. not may The consolidated financial statements include the accounts of the company 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] | Adoption of New Accounting Standards: June 2016, 2016 13, 326 This guidance became effective for the Company on July 1, 2023 July 1, 2023 326 At adoption, the Company recognized an incremental allowance for credit losses on loans of $52 and a liability for off-balance sheet unfunded commitments of $308. Additionally, a $285 decrease to the retained earnings account associated with the increased estimated credit losses was recorded along with the $75 tax impact portion being recorded as part of the deferred tax asset in other assets on our Consolidated Balance Sheet. |
Credit Loss, Financial Instrument [Policy Text Block] | Allowance for Credit Losses (ACL) Topic 326 Portfolio Segmentation The allowance for credit losses consists of general and specific components. The general component covers loans within portfolio segments that are collectively evaluated for credit losses. Portfolio segmentation is the pooling of loans based upon similar risk characteristics so that quantitative methodologies and qualitative adjustment factors for estimating the allowance for credit losses can be applied to the pool of loans in each segment. The Company has identified six 1 4 Commercial & Industrial: Commercial loans are made for a wide variety of general business purposes, including financing for equipment, inventories and accounts receivable. The term of each commercial loan varies by its purpose. Commercial loans are underwritten after evaluating and understanding the borrower’s ability to operate profitably and prudently expand its business. Current and projected cash flows are evaluated to determine the ability of the borrower to repay their obligations as agreed. Commercial loans are primarily made based on the identified cash flows of the borrower and secondarily made based on the underlying collateral provided by the borrower. The cash flows of borrowers, however, may not may may may Commercial Real Estate: Commercial real estate loans include mortgage loans to owners of multi-family investment properties and owners of commercial real estate. Commercial real estate lending typically involves higher loan principal amounts, and the repayment of these loans is generally largely dependent on the successful operation of the property securing the loan or the business conducted on the property securing the loan. Current and projected cash flows are evaluated to determine the ability of the borrower to repay their obligations as agreed. Commercial real estate loans may may three Farmland: Farmland loans include loans for agriculture purposes, such as crop and livestock production. Current and projected cash flows are evaluated to determine the ability of the borrower to repay their obligations as agreed. Agriculture lending is largely dependent on the successful management and operation of the farm and may Land Development: Land Development loans include loans to finance the construction of residential and commercial properties generally located within our primary market area. Land development loans are fixed-rate or adjustable-rate loans which may 30 may 80% may 1 4 one four no 85% Consumer: The Company originates direct and indirect consumer loans, primarily automobile loans, personal lines of credit, and unsecured consumer loans in its primary market areas. Credit approval for consumer loans requires income sufficient to repay principal and interest due, stability of employment, an established credit record and sufficient collateral for secured loans. Consumer loans typically have shorter terms and lower balances with higher yields as compared to real estate mortgage loans, but generally carry higher risks of default. Consumer loan collections are dependent on the borrower’s continuing financial stability, and thus are more likely to be affected by adverse personal circumstances and economic conditions. The allowance for credit losses for portfolio segments is evaluated based upon periodic quantitative review of the collectability of the loans that correlates historical loan experience with reasonable and supportable forecasts using forward looking information. The Company utilizes a discounted cash flow (loss rate, expected loss) method to estimate the quantitative portion of the allowance for credit losses for all portfolio segments. For each portfolio segment, a loss driver analysis (LDA) is performed to identify appropriate loss drivers and create a regression model for use in forecasting cash flows. The LDA analysis utilizes peer data from the Federal Financial Institutions Examination Council’s (FFIEC) Call Report data for all segments. The Company has established a one one third Adjustments may Individually Evaluated Loans Loans that do not not third Reserve for Unfunded Commitments The reserve for unfunded commitments represents the expected credit losses on off-balance sheet commitments such as unfunded commitments to extend credit over the contractual period in which we are exposed to credit risk on the underlying commitments unless the obligation is unconditionally cancellable by the Company. Any reserve for off-balance sheet credit exposures is reported as an other liability on our Consolidated Balance Sheet and is increased or decreased via the provision for credit losses account on our Consolidated Statement of Income. The calculation includes consideration of the likelihood that funding will occur and forecasted credit losses on commitments expected to be funded over their estimated lives. The reserve is calculated using the same aggregate reserve rates calculated for the funded portion of loans at the portfolio level applied to the amount of commitments expected to be funded. Available-for-Sale (AFS) and Held-to-Maturity (HTM) Debt Securities For AFS securities in an unrealized loss position, management determines whether the Company intends to sell or if it is more likely than not not 326 30 not Since the adoption of CECL, the Company monitors the credit quality of HTM debt securities primarily through the financial condition of the issuer. Any allowance for credit losses on HTM securities would be a contra asset valuation account that would be deducted from the carrying amount of HTM securities to present the net amount expected to be collected and would be charged off against the allowance for credit losses when deemed uncollectible. Adjustments to the allowance for credit losses would be reported in the Company’s Consolidated Statements of Income in the provision for credit losses. Since all the HTM securities are non-rated municipal securities to local customers, management considers the financial condition of the issuer and whether issuers continue to make timely principal and interest payments under the contractual terms of the securities. At December 31, 2023 July 1, 2023, no Accrued Interest Receivable Upon adoption of ASU 2016 13 July 1, 2023, • Exclude accrued interest receivable that is included in the amortized cost of financing receivables and debt securities from related disclosure requirements. • Continue its policy to write off accrued interest receivable by reversing it from interest income. For commercial and real estate loans, accruing interest is typically discontinued and any balance is written off when the loan becomes 90 no 120 not • Not On July 1, 2023, 2022 02, 326 326 not |
Note 2 - Securities (Tables)
Note 2 - Securities (Tables) | 6 Months Ended |
Dec. 31, 2023 | |
Notes Tables | |
Marketable Securities [Table Text Block] | Available for-Sale Amortized Gross Gross Losses Fair December 31, 2023 Obligations of U.S. Treasury $ 8,957 $ — $ (321 ) $ 8,636 Obligations of U.S. government-sponsored entities and agencies 28,686 45 (3,273 ) 25,458 Obligations of state and political subdivisions 87,136 150 (6,821 ) 80,465 U.S. Government-sponsored mortgage-backed securities–residential 100,308 57 (13,452 ) 86,913 U.S. Government-sponsored mortgage-backed securities– commercial 8,594 — (1,678 ) 6,916 U.S. Government-sponsored collateralized mortgage obligations– residential 57,406 162 (5,338 ) 52,230 Other debt securities 17,088 — (1,573 ) 15,515 Total securities available-for-sale $ 308,175 $ 414 $ (32,456 ) $ 276,133 Held-to-Maturity Amortized Gross Gross Fair December 31, 2023 Obligations of state and political subdivisions $ 6,428 $ — $ (528 ) $ 5,900 Available-for-sale Amortized Gross Gross Fair June 30, 2023 Obligation of U.S Treasury $ 8,941 $ — $ (533 ) $ 8,408 Obligations of U.S. government-sponsored entities and agencies 29,430 7 (3,745 ) 25,692 Obligations of state and political subdivisions 92,891 63 (8,982 ) 83,972 U.S. Government-sponsored mortgage-backed securities - residential 104,689 12 (15,066 ) 89,635 U.S. Government-sponsored mortgage-backed securities - commercial 8,604 — (1,809 ) 6,795 U.S. Government-sponsored collateralized mortgage obligations – residential 55,800 8 (5,738 ) 50,070 Other debt securities 17,175 — (2,142 ) 15,033 Total available-for-sale securities $ 317,530 $ 90 $ (38,015 ) $ 279,605 Held-to-maturity Amortized Gross Gross Losses Fair June 30, 2023 Obligations of state and political subdivisions $ 6,970 $ — $ (676 ) $ 6,294 |
Schedule of Realized Gain (Loss) [Table Text Block] | Three Months Ended December 31, Six Months Ended December 31, 2023 2022 2023 2022 Proceeds from sales $ — $ 1,639 $ 4,002 $ 3,708 Gross realized gains — 1 — 8 Gross realized losses — 5 79 23 |
Investments Classified by Contractual Maturity Date [Table Text Block] | Available-for-Sale Amortized Cost Estimated Fair Value Due in one year or less $ 11,378 $ 11,143 Due after one year through five years 25,096 24,096 Due after five years through ten years 51,843 46,760 Due after ten years 53,550 48,075 Total 141,867 130,074 U.S. Government-sponsored mortgage-backed and related securities 166,308 146,059 Total securities available-for-sale $ 308,175 $ 276,133 Held-to-Maturity Due in one year or less $ 2,720 $ 2,658 Due after one year through five years 467 457 Due after five years through ten years 3,241 2,785 Total securities held-to-maturity $ 6,428 $ 5,900 |
Schedule of Unrealized Losses on Investments [Table Text Block] | Less than 12 Months 12 Months or more Total Available-for-sale Fair Unrealized Fair Unrealized Fair Unrealized December 31, 2023 Obligation of U.S. Treasury $ — $ — $ 8,636 $ (321 ) $ 8,636 $ (321 ) Obligations of U.S. government-sponsored entities and agencies 1,091 (31 ) 22,629 (3,242 ) 23,720 (3,273 ) Obligations of state and political subdivisions 4,916 (74 ) 61,833 (6,747 ) 66,749 (6,821 ) U.S. Government-sponsored mortgage-backed securities – residential 2,494 (24 ) 82,234 (13,428 ) 84,728 (13,452 ) U.S. Government-sponsored mortgage-backed securities – commercial — — 6,916 (1,678 ) 6,916 (1,678 ) Collateralized mortgage obligations - residential 11,934 (180 ) 31,532 (5,158 ) 43,466 (5,338 ) Other debt securities — — 15,515 (1,573 ) 15,515 (1,573 ) Total temporarily impaired $ 20,435 $ (309 ) $ 229,295 $ (32,147 ) $ 249,730 $ (32,456 ) Less than 12 Months 12 Months or more Total Held to Maturity Fair Unrecognized Fair Unrecognized Fair Unrecognized December 31, 2023 Obligations of state and political subdivisions $ — $ — $ 5,900 $ (528 ) $ 5,900 $ (528 ) Total temporarily impaired $ — $ — $ 5,900 $ (528 ) $ 5,900 $ (528 ) Less than 12 Months 12 Months or more Total Available-for-sale Fair Unrealized Fair Unrealized Fair Unrealized June 30, 2023 Obligations of U.S. Treasury $ — $ — $ 8,408 $ (533 ) $ 8,408 $ (533 ) Obligations of U.S. government-sponsored entities and agencies 1,008 (10 ) 23,551 (3,735 ) 24,559 (3,745 ) Obligations of state and political subdivisions 16,009 (344 ) 62,492 (8,638 ) 78,501 (8,982 ) Mortgage-backed securities – residential 3,334 (84 ) 85,096 (14,982 ) 88,430 (15,066 ) Mortgage-backed securities – commercial — — 6,795 (1,809 ) 6,795 (1,809 ) Collateralized mortgage obligations - residential 22,039 (638 ) 27,023 (5,100 ) 49,062 (5,738 ) Other debt securities — — 15,033 (2,142 ) 15,033 (2,142 ) Total temporarily impaired $ 42,390 $ (1,076 ) $ 228,398 $ (36,939 ) $ 270,788 $ (38,015 ) Less than 12 Months 12 Months or more Total Held to Maturity Fair Unrecognized Fair Unrecognized Fair Unrecognized June 30, 2023 Obligations of state and political subdivisions $ — $ — $ 6,294 $ (676 ) $ 6,294 $ (676 ) Total temporarily impaired $ — $ — $ 6,294 $ (676 ) $ 6,294 $ (676 ) |
Unrealized Gain (Loss) on Investments [Table Text Block] | Three Months Ended December 31, Six Months Ended December 31, 2023 2022 2023 2022 Unrealized loss recognized on equity securities held at the end of the period $ — $ (33 ) $ — $ (9 ) |
Note 3 - Loans and Allowance _2
Note 3 - Loans and Allowance for Credit Losses (Tables) | 6 Months Ended |
Dec. 31, 2023 | |
Notes Tables | |
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] | December 31, 2023 June 30, 2023 Commercial & Industrial $ 112,012 $ 112,558 Commercial real estate: Owner occupied 157,553 151,005 Non-owner occupied 148,922 140,002 Farmland 40,670 40,606 Land Development 11,555 11,004 1 – 4 family residential real estate 192,117 189,312 Consumer 72,233 65,617 Subtotal 735,062 710,104 Unamortized deferred loan costs, net 165 258 Allowance for credit losses (7,987 ) (7,724 ) Net Loans $ 727,240 $ 702,638 |
Financing Receivable, Allowance for Credit Loss [Table Text Block] | 1-4 Family Commercial Commercial Residential & Real Land Real Industrial Estate Farmland Development Estate Consumer Total ACL beginning balance $ 974 $ 3,951 $ 91 $ 266 $ 1,638 $ 862 $ 7,782 Provision for expected credit losses (19 ) 180 (2 ) (20 ) 56 130 325 Charge-offs — — — — — (137 ) (137 ) Recoveries — — — — 2 15 17 ACL ending balance $ 955 $ 4,131 $ 89 $ 246 $ 1,696 $ 870 $ 7,987 1-4 Family Commercial Commercial Residential & Real Land Real Industrial Estate Farmland Development Estate Consumer Total ACL beginning balance $ 1,308 $ 3,943 $ — $ — $ 1,571 $ 902 $ 7,724 Cumulative effect of change in accounting principle (455 ) (53 ) 93 398 166 (97 ) 52 Provision for expected credit losses 102 241 (4 ) (152 ) (43 ) 221 365 Charge-offs — — — — — (243 ) (243 ) Recoveries — — — — 2 87 89 ACL ending balance $ 955 $ 4,131 $ 89 $ 246 $ 1,696 $ 870 $ 7,987 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 Commercial Residential & Real Real Industrial Estate Estate Consumer Total Allowance for loan losses: Ending allowance balance attributable to loans: Individually evaluated for impairment $ — $ — $ — $ — $ — Acquired loans collectively evaluated for impairment — 40 74 — 114 Originated loans collectively evaluated for impairment 1,308 3,903 1,497 902 7,610 Total ending allowance balance $ 1,308 $ 3,943 $ 1,571 $ 902 $ 7,724 Recorded investment in loans: Loans individually evaluated for impairment $ 314 $ 88 $ 3 $ — $ 405 Acquired loans collectively evaluated for impairment 622 6,953 23,038 1,230 31,843 Originated loans collectively evaluated for impairment 111,890 335,660 167,798 64,364 679,712 Total ending loans balance $ 112,826 $ 342,701 $ 190,839 $ 65,594 $ 711,960 |
Financing Receivable, Nonaccrual [Table Text Block] | December 31, 2023 Interest Income Non-accrual Total Recognized during loans with Non-accrual the period on no ACL loans non-accrual loans Commercial & Industrial $ 350 $ 350 $ — Commercial real estate: Owner occupied 428 428 $ — 1 – 4 family residential real estate 137 336 — Total $ 915 $ 1,114 $ — June 30, 2023 Non-accrual Commercial Real Estate: Other $ 51 1 – 4 family residential: Non-owner occupied 3 Total $ 54 |
Financing Receivable, Past Due [Table Text Block] | Loans 90 Days Past Due Days Past 30 59 60 89 90 Days or Total Loans Not Due and Days Days Greater Past Due Past Due Total Accruing Commercial & Industrial $ — $ 25 $ — $ 25 $ 112,048 $ 112,073 $ — Commercial real estate: Owner occupied — — 51 51 157,235 157,286 — Non-owner occupied — — — — 148,598 148,598 — Farmland 40,564 40,564 — Land development — — — — 11,515 11,515 — 1 – 4 family residential real estate 241 40 314 595 192,601 193,196 — Consumer 764 151 20 935 71,060 71,995 20 Total $ 1,005 $ 216 $ 385 $ 1,606 $ 733,621 $ 735,227 $ 20 Loans 90 Days Past Due Days Past 30 59 60 89 90 Days or Total Loans Not Due and Days Days Greater Past Due Past Due Total Accruing Commercial & Industrial $ — $ — $ — $ — $ 112,826 $ 112,826 $ — Commercial real estate: Construction — — — — 23,996 23,996 — Other — — 51 51 318,654 318,705 — 1-4 family residential: Owner occupied 17 124 — 141 158,296 158,437 — Non-owner occupied — — 3 3 23,885 23,888 — Construction — — — — 8,514 8,514 — Consumer 438 120 50 608 64,986 65,594 50 Total $ 455 $ 244 $ 104 $ 803 $ 711,157 $ 711,960 $ 50 |
Financing Receivable Credit Quality Indicators [Table Text Block] | Revolving Revolving Loans Loans Term Loans by Origination Year Amortized Converted 2024 2023 2022 2021 2020 Prior Cost Basis To Term Total Commercial & Industrial Pass $ 19,225 $ 27,884 $ 30,632 $ 8,505 $ 4,148 $ 4,934 $ 14,770 $ — $ 110,098 Special Mention — — 402 137 15 93 933 — 1,580 Substandard — — — — — — 308 — 308 Doubtful — — — — — — 87 — 87 Total Commercial & Industrial $ 19,225 $ 27,884 $ 31,034 $ 8,642 $ 4,163 $ 5,027 $ 16,098 $ — $ 112,073 Current year-to-date gross write-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Commercial real estate: Owner occupied: Pass $ 9,116 $ 19,895 $ 35,153 $ 23,167 $ 15,518 $ 43,194 $ 7,649 $ — $ 153,692 Special Mention — — — — 900 2,189 150 — 3,239 Substandard — — — — — 266 — — 266 Doubtful — — — 38 — 51 — — 89 Total owner occupied $ 9,116 $ 19,895 $ 35,153 $ 23,205 $ 16,418 $ 45,700 $ 7,799 $ — $ 157,286 Current year-to-date gross write-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Non-owner occupied: Pass $ 8,422 $ 38,944 $ 22,752 $ 25,431 $ 13,085 $ 35,748 $ 781 $ — $ 145,163 Special Mention — — — 3,435 — — — — 3,435 Substandard — — — — — — — — — Doubtful — — — — — — — — — Total non-owner occupied $ 8,422 $ 38,944 $ 22,752 $ 28,866 $ 13,085 $ 35,748 $ 781 $ — $ 148,598 Current year-to-date gross write-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Farmland: Pass $ 1,351 $ 6,354 $ 5,958 $ 5,403 $ 2,338 $ 17,114 $ 1,226 $ — $ 39,744 Special Mention — — — — — 820 — — 820 Substandard — — — — — — — — — Doubtful — — — — — — — — — Total Farmland $ 1,351 $ 6,354 $ 5,958 $ 5,403 $ 2,338 $ 17,934 $ 1,226 $ — $ 40,564 Current year-to-date gross write-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Land Development: Pass $ 2,279 $ 2,015 $ 604 $ 529 $ 303 $ 590 $ 5,195 $ — $ 11,515 Special Mention — — — — — — — — — Substandard — — — — — — — — — Doubtful — — — — — — — — — Total Land Development $ 2,279 $ 2,015 $ 604 $ 529 $ 303 $ 590 $ 5,195 $ — $ 11,515 Current year-to-date gross write-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Total: Pass $ 40,393 $ 95,092 $ 95,099 $ 63,035 $ 35,392 $ 101,580 $ 29,621 $ — $ 460,212 Special Mention — — 402 3,572 915 3,102 1,083 — 9,074 Substandard — — — — — 266 308 — 574 Doubtful — — — 38 — 51 87 — 176 Total $ 40,393 $ 95,092 $ 95,501 $ 66,645 $ 36,307 $ 104,999 $ 31,099 $ — $ 470,036 Revolving Revolving Loans Loans Term Loans by Origination Year Amortized Converted 2024 2023 2022 2021 2020 Prior Cost Basis To Term Total 1 4 family residential real estate: Performing $ 11,025 $ 22,294 $ 31,112 $ 52,338 $ 20,212 $ 30,961 $ 24,918 $ — $ 192,860 Nonperforming — — 197 — — 139 — — 336 Total 1-4 family residential real estate $ 11,025 $ 22,294 $ 31,309 $ 52,338 $ 20,212 $ 31,100 $ 24,918 $ — $ 193,196 Current year-to-date gross write-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Consumer: Performing $ 18,120 $ 30,599 $ 15,931 $ 5,698 $ 979 $ 532 $ 116 $ — $ 71,975 Nonperforming — — 7 3 8 2 — — 20 Total consumer $ 18,120 $ 30,599 $ 15,938 $ 5,701 $ 987 $ 534 $ 116 $ — $ 71,995 Current year-to-date gross write-offs $ 20 $ 78 $ 97 $ 33 $ 15 $ — $ — $ — $ 243 Total: Performing $ 29,145 $ 52,893 $ 47,043 $ 58,036 $ 21,191 $ 31,493 $ 25,034 $ — $ 264,835 Nonperforming — — 204 3 8 141 — — 356 Total $ 29,145 $ 52,893 $ 47,247 $ 58,039 $ 21,199 $ 31,634 $ 25,034 $ — $ 265,191 Special Not Pass Mention Substandard Doubtful Rated Commercial & Industrial $ 110,928 $ 1,174 $ 573 $ — $ 151 Commercial real estate: Construction 23,996 — — — — Other 310,427 7,097 468 51 662 1-4 Family residential real estate: Owner occupied 2,013 — 17 — 156,407 Non-owner occupied 23,474 50 105 3 256 Construction 3,227 — — — 5,287 Consumer 597 — — — 64,997 Total $ 474,662 $ 8,321 $ 1,163 $ 54 $ 227,760 |
Impairment of Recorded Investments and Interest Income [Table Text Block] | As of June 30, 2023 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 & Industrial $ 404 $ 314 $ — $ 297 $ 18 $ 18 Commercial real estate: Other 127 88 — 40 4 4 1-4 Family residential real estate: Owner occupied 24 — — 20 2 2 Non-owner occupied 3 3 — 53 — — Total $ 558 $ 405 $ — $ 410 $ 24 $ 24 |
Average Recorded Investment and Interest Income Associated with Loans [Table Text Block] | 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 |
Note 4 - Fair Value (Tables)
Note 4 - Fair Value (Tables) | 6 Months Ended |
Dec. 31, 2023 | |
Notes Tables | |
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block] | Balance at December 31, Fair Value Measurements at December 31, 2023 2023 Level 1 Level 2 Level 3 Assets: Obligations of U.S. Treasury $ 8,636 $ — $ 8,636 $ — Obligations of U.S. government-sponsored entities and agencies 25,458 — 25,458 — Obligations of state and political subdivisions 80,465 — 80,465 — U.S. Government-sponsored mortgage-backed securities – residential 86,913 — 86,913 — U.S. Government-sponsored mortgage-backed securities – commercial 6,916 — 6,916 — U.S. Government-sponsored collateralized mortgage obligations - residential 52,230 — 52,230 — Other debt securities 15,515 — 15,515 — Equity securities 386 — 386 — Balance at June 30, Fair Value Measurements at June 30, 2023 2023 Level 1 Level 2 Level 3 Assets: Obligations of U.S. treasury $ 8,408 $ — $ 8,408 $ — Obligations of U.S. government-sponsored entities and agencies 25,692 — 25,692 — Obligations of state and political subdivisions 83,972 — 83,972 — U.S. government-sponsored mortgage-backed securities - residential 89,635 — 89,635 — U.S. government-sponsored mortgage-backed securities - commercial 6,795 — 6,795 — U.S. government-sponsored collateralized mortgage obligations - residential 50,070 — 50,070 — Other debt securities 15,033 — 15,033 — Equity securities 386 — 386 — |
Fair Value, by Balance Sheet Grouping [Table Text Block] | December 31, 2023 June 30, 2023 Carrying Estimated Carrying Estimated Financial Assets: Level 1 inputs: Cash and cash equivalents $ 12,785 $ 12,785 $ 11,755 $ 11,755 Level 2 inputs: Certificates of deposit in other financial institutions 2,237 2,225 2,501 2,450 Loans held for sale 997 1,017 764 774 Accrued interest receivable 3,301 3,301 3,024 3,024 Level 3 inputs: Securities held-to-maturity 6,428 5,900 6,970 6,294 Loans, net 727,240 686,282 702,638 656,737 Financial Liabilities: Level 2 inputs: Demand and savings deposits 694,176 694,116 738,190 738,190 Time deposits 254,372 253,604 214,343 211,856 Short-term borrowings 25,390 25,390 26,367 26,367 Federal Home Loan Bank advances 26,434 25,391 8,776 7,678 Accrued interest payable 740 740 344 344 |
Note 5 - Affordable Tax Credi_2
Note 5 - Affordable Tax Credit Partnership (Tables) | 6 Months Ended |
Dec. 31, 2023 | |
Notes Tables | |
Schedule of Investments in Affordable Housing Projects [Table Text Block] | December 31, 2023 June 30, 2023 Affordable housing tax credit investment $ 10,250 $ 10,250 Less: amortization (2 ) — Net affordable housing tax credit investment $ 10,248 $ 10,250 Unfunded commitments $ 9,305 $ 9,668 Three Months Ended December 31, Six Months Ended December 31, 2023 2022 2023 2022 Tax credits and other tax benefits recognized $ 8 $ — $ 23 $ — Proportional amortization expense included in provision for income taxes 1 — 2 — |
Note 6 - Earnings Per Share (Ta
Note 6 - Earnings Per Share (Tables) | 6 Months Ended |
Dec. 31, 2023 | |
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, 2023 2022 2023 2022 Basic: Net income available to common shareholders $ 2,015 $ 2,809 4,425 5,344 Weighted average common shares outstanding 3,107,496 3,076,207 3,099,804 3,065,719 Basic income per share $ 0.65 $ 0.91 1.43 1.74 Diluted: Net income available to common shareholders $ 2,015 $ 2,809 4,425 5,344 Weighted average common shares outstanding 3,107,496 3,076,207 3,099,804 3,065,719 Dilutive effect of restricted stock — 814 — — Total common shares and dilutive potential common shares 3,107,496 3,077,021 3,099,804 3,065,719 Dilutive income per share $ 0.65 $ 0.91 1.43 1.74 |
Note 7 - Accumulated Other Co_2
Note 7 - Accumulated Other Comprehensive Income (Loss) (Tables) | 6 Months Ended |
Dec. 31, 2023 | |
Notes Tables | |
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block] | Pretax Tax Effect After-tax Balance as of September 30, 2023 $ (47,698 ) $ 10,017 $ (37,681 ) Unrealized holding gains on available-for-sale securities arising during the period 15,656 (3,288 ) 12,368 Balance as of December 31, 2023 $ (32,042 ) $ 6,729 $ (25,313 ) Pretax Tax Effect After-tax Affected Line Item in Consolidated Statements of Income 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 Item in Consolidated Statements of Income Balance as of June 30, 2023 $ (37,925 ) $ 7,964 $ (29,961 ) Unrealized holding gains on available-for-sale securities arising during the period 5,804 (1,219 ) 4,585 Amounts reclassified from accumulated other comprehensive loss 79 (16 ) 63 (a)(b) Net current period other comprehensive income 5,883 (1,235 ) 4,648 Balance as of December 31, 2023 $ (32,042 ) $ 6,729 $ (25,313 ) Pretax Tax Effect After-tax Affected Line Item in Consolidated Statements of Income 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 loss 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 ) |
Note 1 - Summary of Significa_2
Note 1 - Summary of Significant Accounting Policies (Details Textual) - USD ($) $ in Thousands | Dec. 31, 2023 | Sep. 30, 2023 | Jul. 01, 2023 | Jun. 30, 2023 | Dec. 31, 2022 | Sep. 30, 2022 | Jun. 30, 2022 |
Financing Receivable, Allowance for Credit Loss | $ 7,987 | $ 7,782 | $ 7,724 | $ 7,675 | $ 7,546 | $ 7,160 | |
Retained Earnings (Accumulated Deficit) | $ 68,504 | 65,485 | |||||
Cumulative Effect, Period of Adoption, Adjustment [Member] | |||||||
Financing Receivable, Allowance for Credit Loss | $ 52 | ||||||
Accounting Standards Update 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | |||||||
Financing Receivable, Allowance for Credit Loss | $ 52 | ||||||
Off-Balance-Sheet, Credit Loss, Liability | 308 | ||||||
Retained Earnings (Accumulated Deficit) | (285) | ||||||
Deferred Tax Asset, Tax Deferred Expense, Reserve and Accrual, Financing Receivable, Allowance for Credit Loss | $ 75 |
Note 2 - Securities (Details Te
Note 2 - Securities (Details Textual) $ in Thousands | 3 Months Ended | 6 Months Ended | ||||
Dec. 31, 2023 USD ($) | Dec. 31, 2022 USD ($) | Dec. 31, 2023 USD ($) | Dec. 31, 2022 USD ($) | Feb. 01, 2024 USD ($) | Jun. 30, 2023 USD ($) | |
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, Tax | $ (1) | $ (16) | $ (3) | |||
Debt Securities, Available-for-Sale, Restricted | $ 140,998 | $ 140,998 | $ 137,896 | |||
Qualitative Disclosure, Number of Positions | 413 | 413 | ||||
Available-for-sale, Qualitative Disclosure, Number of Positions | 365 | 365 | ||||
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 | ||
US States and Political Subdivisions Debt Securities [Member] | Rated [Member] | ||||||
Percent of Available for Sale Debt Securities Portfolio | 98.50% | 98.50% | ||||
US States and Political Subdivisions Debt Securities [Member] | Non-rated [Member] | ||||||
Percent of Available for Sale Debt Securities Portfolio | 1.50% | 1.50% | ||||
Other Debt Obligations [Member] | Subsequent Event [Member] | ||||||
Debt Securities, Available-for-Sale, Amortized Cost, after Allowance for Credit Loss | $ 2,000 | |||||
Maximum [Member] | ||||||
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, Tax | $ (1) | $ (3) |
Note 2 - Securities - Amortized
Note 2 - Securities - Amortized Cost and Fair Value of Securities Available-for-sale and Securities Held-to-maturity (Details) - USD ($) $ in Thousands | Dec. 31, 2023 | Jun. 30, 2023 |
Available-for-sale securities, amortized cost | $ 308,175 | $ 317,530 |
Available-for-sale securities, gross unrealized gains | 414 | 90 |
Available-for-sale securities, gross unrealized losses | (32,456) | (38,015) |
Available-for-sale securities, fair value | 276,133 | 279,605 |
Held-to-maturity, amortized cost | 6,428 | 6,970 |
Held-to-maturity, fair value | 5,900 | 6,294 |
US Treasury Securities [Member] | ||
Available-for-sale securities, amortized cost | 8,957 | 8,941 |
Available-for-sale securities, gross unrealized gains | 0 | 0 |
Available-for-sale securities, gross unrealized losses | (321) | (533) |
Available-for-sale securities, fair value | 8,636 | 8,408 |
US States and Political Subdivisions Debt Securities [Member] | ||
Available-for-sale securities, amortized cost | 87,136 | 92,891 |
Available-for-sale securities, gross unrealized gains | 150 | 63 |
Available-for-sale securities, gross unrealized losses | (6,821) | (8,982) |
Available-for-sale securities, fair value | 80,465 | 83,972 |
Held-to-maturity, amortized cost | 6,428 | 6,970 |
Held-to-maturity, gross unrecognized gains | 0 | 0 |
Held-to-maturity, gross unrecognized losses | (528) | (676) |
Held-to-maturity, fair value | 5,900 | 6,294 |
US Government-sponsored Enterprises Debt Securities [Member] | ||
Available-for-sale securities, amortized cost | 28,686 | 29,430 |
Available-for-sale securities, gross unrealized gains | 45 | 7 |
Available-for-sale securities, gross unrealized losses | (3,273) | (3,745) |
Available-for-sale securities, fair value | 25,458 | 25,692 |
Residential Mortgage-Backed Securities [Member] | ||
Available-for-sale securities, amortized cost | 100,308 | 104,689 |
Available-for-sale securities, gross unrealized gains | 57 | 12 |
Available-for-sale securities, gross unrealized losses | (13,452) | (15,066) |
Available-for-sale securities, fair value | 86,913 | 89,635 |
Commercial Mortgage-Backed Securities [Member] | ||
Available-for-sale securities, amortized cost | 8,594 | 8,604 |
Available-for-sale securities, gross unrealized gains | 0 | 0 |
Available-for-sale securities, gross unrealized losses | (1,678) | (1,809) |
Available-for-sale securities, fair value | 6,916 | 6,795 |
Collateralized Mortgage Obligations [Member] | ||
Available-for-sale securities, amortized cost | 57,406 | 55,800 |
Available-for-sale securities, gross unrealized gains | 162 | 8 |
Available-for-sale securities, gross unrealized losses | (5,338) | (5,738) |
Available-for-sale securities, fair value | 52,230 | 50,070 |
Other Debt Obligations [Member] | ||
Available-for-sale securities, amortized cost | 17,088 | 17,175 |
Available-for-sale securities, gross unrealized gains | 0 | 0 |
Available-for-sale securities, gross unrealized losses | (1,573) | (2,142) |
Available-for-sale securities, fair value | $ 15,515 | $ 15,033 |
Note 2 - Securities - Proceeds
Note 2 - Securities - Proceeds From Sales and Calls of Available-for-sale Securities (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2023 | Dec. 31, 2022 | |
Proceeds from sales | $ 0 | $ 1,639 | $ 4,002 | $ 3,708 |
Gross realized gains | 0 | 1 | 0 | 8 |
Gross realized losses | $ 0 | $ 5 | $ 79 | $ 23 |
Note 2 - Securities - Amortiz_2
Note 2 - Securities - Amortized Cost and Fair Values of Debt Securities by Contractual Maturity (Details) - USD ($) $ in Thousands | Dec. 31, 2023 | Jun. 30, 2023 |
Available-for-sale Securities, Debt Maturities, Next Twelve Months, Amortized Cost Basis | $ 11,378 | |
Available-for-sale Securities, Debt Maturities, Next Twelve Months, Fair Value | 11,143 | |
Available-for-sale Securities, Debt Maturities, Year Two Through Five, Amortized Cost Basis | 25,096 | |
Available-for-sale Securities, Debt Maturities, Year Two Through Five, Fair Value | 24,096 | |
Available-for-sale Securities, Debt Maturities, Year Six Through Ten, Amortized Cost Basis | 51,843 | |
Available-for-sale Securities, Debt Maturities, Year Six Through Ten, Fair Value | 46,760 | |
Available-for-sale Securities, Debt Maturities, after Ten Years, Amortized Cost Basis | 53,550 | |
Available-for-sale Securities, Debt Maturities, after Ten Years, Fair Value | 48,075 | |
Available-for-sale Securities, Debt Maturities, Single Maturity Date, Amortized Cost Basis | 141,867 | |
Available-for-sale Securities, Debt Maturities, Single Maturity Date | 130,074 | |
Total securities available-for-sale | 308,175 | $ 317,530 |
Total securities available-for-sale | 276,133 | 279,605 |
Due in one year or less, Net Carrying Amount | 2,720 | |
Due in one year or less, Fair Value | 2,658 | |
Due after one year through five years, Net Carrying Amount | 467 | |
Due after one year through five years, Fair Value | 457 | |
Held-to-maturity Securities, Debt Maturities, after Five Through Ten Years, Net Carrying Amount | 3,241 | |
Held-to-maturity Securities, Debt Maturities, Year Six Through Ten, Fair Value | 2,785 | |
Total securities held-to-maturity | 6,428 | 6,970 |
Held-to-maturity Securities, Fair Value | 5,900 | $ 6,294 |
U.S. Government-sponsored Mortgage-backed and Related Securities [Member] | ||
Available-for-sale Securities, Debt Maturities, without Single Maturity Date, Amortized Cost Basis | 166,308 | |
Available-for-sale Securities, Debt Maturities, without Single Maturity Date, Fair Value | $ 146,059 |
Note 2 - Securities - Securitie
Note 2 - Securities - Securities With Unrealized and Unrecognized Losses (Details) - USD ($) $ in Thousands | Dec. 31, 2023 | Jun. 30, 2023 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value | $ 20,435 | $ 42,390 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Loss | (309) | (1,076) |
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value | 229,295 | 228,398 |
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Loss | (32,147) | (36,939) |
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value | 249,730 | 270,788 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss | (32,456) | (38,015) |
Obligations of state and political subdivisions | 5,900 | 6,294 |
Obligations of state and political subdivisions | (528) | (676) |
Obligations of state and political subdivisions | 5,900 | 6,294 |
Obligations of state and political subdivisions | (528) | (676) |
Obligations of state and political subdivisions | 5,900 | 6,294 |
Obligations of state and political subdivisions | 5,900 | 6,294 |
US Treasury Securities [Member] | ||
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value | 0 | 0 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Loss | 0 | 0 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value | 8,636 | 8,408 |
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Loss | (321) | (533) |
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value | 8,636 | 8,408 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss | (321) | (533) |
US States and Political Subdivisions Debt Securities [Member] | ||
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value | 4,916 | 16,009 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Loss | (74) | (344) |
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value | 61,833 | 62,492 |
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Loss | (6,747) | (8,638) |
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value | 66,749 | 78,501 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss | (6,821) | (8,982) |
Obligations of state and political subdivisions | 5,900 | 6,294 |
Obligations of state and political subdivisions | (528) | (676) |
Obligations of state and political subdivisions | 5,900 | 6,294 |
Obligations of state and political subdivisions | (528) | (676) |
Obligations of state and political subdivisions | 5,900 | 6,294 |
Obligations of state and political subdivisions | 5,900 | 6,294 |
US Government-sponsored Enterprises Debt Securities [Member] | ||
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value | 1,091 | 1,008 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Loss | (31) | (10) |
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value | 22,629 | 23,551 |
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Loss | (3,242) | (3,735) |
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value | 23,720 | 24,559 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss | (3,273) | (3,745) |
Residential Mortgage-Backed Securities [Member] | ||
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value | 2,494 | 3,334 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Loss | (24) | (84) |
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value | 82,234 | 85,096 |
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Loss | (13,428) | (14,982) |
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value | 84,728 | 88,430 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss | (13,452) | (15,066) |
Commercial Mortgage-Backed Securities [Member] | ||
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value | 0 | 0 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Loss | 0 | 0 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value | 6,916 | 6,795 |
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Loss | (1,678) | (1,809) |
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value | 6,916 | 6,795 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss | (1,678) | (1,809) |
Collateralized Debt Obligations [Member] | ||
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value | 11,934 | 22,039 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Loss | (180) | (638) |
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value | 31,532 | 27,023 |
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Loss | (5,158) | (5,100) |
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value | 43,466 | 49,062 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss | (5,338) | (5,738) |
Other Debt Obligations [Member] | ||
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value | 0 | 0 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Loss | 0 | 0 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value | 15,515 | 15,033 |
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Loss | (1,573) | (2,142) |
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value | 15,515 | 15,033 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss | $ (1,573) | $ (2,142) |
Note 2 - Securities - Unrealize
Note 2 - Securities - Unrealized Gains and Losses on Equity Securities (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2023 | Dec. 31, 2022 | |
Unrealized loss recognized on equity securities held at the end of the period | $ 0 | $ (33) | $ 0 | $ (9) |
Note 3 - Loans and Allowance _3
Note 3 - Loans and Allowance for Credit Losses (Details Textual) $ in Thousands | Jun. 30, 2023 USD ($) |
Interest Receivable | $ 1,598 |
Note 3 - Loans and Allowance _4
Note 3 - Loans and Allowance for Credit Losses - Major Classifications (Details) - USD ($) $ in Thousands | Dec. 31, 2023 | Sep. 30, 2023 | Jun. 30, 2023 | Dec. 31, 2022 | Sep. 30, 2022 | Jun. 30, 2022 |
Gross loans | $ 735,062 | $ 710,104 | ||||
Unamortized deferred loan costs, net | 165 | 258 | ||||
Less allowance for credit losses | (7,987) | $ (7,782) | (7,724) | $ (7,675) | $ (7,546) | $ (7,160) |
Net loans | 727,240 | 702,638 | ||||
Commercial Portfolio Segment [Member] | ||||||
Gross loans | 112,012 | 112,558 | ||||
Less allowance for credit losses | (1,308) | (1,006) | (1,021) | (960) | ||
Commercial Real Estate Portfolio Segment [Member] | ||||||
Less allowance for credit losses | (4,131) | (3,951) | (3,943) | (4,084) | (4,072) | (3,927) |
Commercial Real Estate Portfolio Segment [Member] | Owner Occupied Loans [Member] | ||||||
Gross loans | 157,553 | 151,005 | ||||
Commercial Real Estate Portfolio Segment [Member] | Non-owner Occupied Loans [Member] | ||||||
Gross loans | 148,922 | 140,002 | ||||
Farmland [Member] | ||||||
Gross loans | 40,670 | 40,606 | ||||
Less allowance for credit losses | (89) | (91) | 0 | |||
Land Development [Member] | ||||||
Gross loans | 11,555 | 11,004 | ||||
Less allowance for credit losses | (246) | (266) | 0 | |||
Residential Portfolio Segment [Member] | ||||||
Gross loans | 192,117 | 189,312 | ||||
Less allowance for credit losses | (1,696) | (1,638) | (1,571) | (1,677) | (1,676) | (1,645) |
Consumer Portfolio Segment [Member] | ||||||
Gross loans | 72,233 | 65,617 | ||||
Less allowance for credit losses | $ (870) | $ (862) | $ (902) | $ (908) | $ (777) | $ (628) |
Note 3 - Loans and Allowance _5
Note 3 - Loans and Allowance for Credit Losses - Allowance for Loan Losses by Portfolio Segment (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | 12 Months Ended | |||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2023 | Jun. 30, 2023 | |
Balance | $ 7,782 | $ 7,546 | $ 7,724 | $ 7,160 | $ 7,675 | |
Provision for expected credit losses | 325 | 225 | 365 | 635 | ||
Charge-offs | (137) | (119) | (243) | (197) | ||
Recoveries | 17 | 23 | 89 | 77 | ||
Balance | 7,987 | 7,675 | 7,987 | 7,675 | 7,987 | |
Individually evaluated for impairment | $ 0 | |||||
Total ending allowance balance | 7,987 | 7,675 | 7,987 | 7,675 | 7,987 | 7,724 |
Loans individually evaluated for impairment | 405 | |||||
Total ending loans balance | 735,227 | 735,227 | 735,227 | 711,960 | ||
Financial Asset Acquired [Member] | ||||||
Acquired loans collectively evaluated for impairment | 114 | |||||
Loans collectively evaluated for impairment | 31,843 | |||||
Financial Asset Originated [Member] | ||||||
Acquired loans collectively evaluated for impairment | 7,610 | |||||
Loans collectively evaluated for impairment | 679,712 | |||||
Cumulative Effect, Period of Adoption, Adjustment [Member] | ||||||
Balance | 52 | |||||
Total ending allowance balance | 52 | |||||
Commercial & Industrial [Member] | ||||||
Balance | 974 | 1,308 | ||||
Provision for expected credit losses | (19) | 102 | ||||
Charge-offs | 0 | 0 | ||||
Recoveries | 0 | 0 | ||||
Balance | 955 | 955 | 955 | |||
Total ending allowance balance | 955 | 955 | 955 | 1,308 | ||
Commercial & Industrial [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | ||||||
Balance | (455) | |||||
Total ending allowance balance | (455) | |||||
Commercial Real Estate Portfolio Segment [Member] | ||||||
Balance | 3,951 | 4,072 | 3,943 | 3,927 | 4,084 | |
Provision for expected credit losses | 180 | 11 | 241 | 156 | ||
Charge-offs | 0 | 0 | 0 | 0 | ||
Recoveries | 0 | 1 | 0 | 1 | ||
Balance | 4,131 | 4,084 | 4,131 | 4,084 | 4,131 | |
Individually evaluated for impairment | 0 | |||||
Total ending allowance balance | 4,131 | 4,084 | 4,131 | 4,084 | 4,131 | 3,943 |
Loans individually evaluated for impairment | 88 | |||||
Total ending loans balance | 342,701 | |||||
Commercial Real Estate Portfolio Segment [Member] | Financial Asset Acquired [Member] | ||||||
Acquired loans collectively evaluated for impairment | 40 | |||||
Loans collectively evaluated for impairment | 6,953 | |||||
Commercial Real Estate Portfolio Segment [Member] | Financial Asset Originated [Member] | ||||||
Acquired loans collectively evaluated for impairment | 3,903 | |||||
Loans collectively evaluated for impairment | 335,660 | |||||
Commercial Real Estate Portfolio Segment [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | ||||||
Balance | (53) | |||||
Total ending allowance balance | (53) | |||||
Farmland [Member] | ||||||
Balance | 91 | 0 | ||||
Provision for expected credit losses | (2) | (4) | ||||
Charge-offs | 0 | 0 | ||||
Recoveries | 0 | 0 | ||||
Balance | 89 | 89 | 89 | |||
Total ending allowance balance | 89 | 89 | 89 | 0 | ||
Total ending loans balance | 40,564 | 40,564 | 40,564 | |||
Farmland [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | ||||||
Balance | 93 | |||||
Total ending allowance balance | 93 | |||||
Land Development [Member] | ||||||
Balance | 266 | 0 | ||||
Provision for expected credit losses | (20) | (152) | ||||
Charge-offs | 0 | 0 | ||||
Recoveries | 0 | 0 | ||||
Balance | 246 | 246 | 246 | |||
Total ending allowance balance | 246 | 246 | 246 | 0 | ||
Total ending loans balance | 11,515 | 11,515 | 11,515 | |||
Land Development [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | ||||||
Balance | 398 | |||||
Total ending allowance balance | 398 | |||||
Residential Portfolio Segment [Member] | ||||||
Balance | 1,638 | 1,676 | 1,571 | 1,645 | 1,677 | |
Provision for expected credit losses | 56 | 1 | (43) | 36 | ||
Charge-offs | 0 | 0 | 0 | (6) | 0 | |
Recoveries | 2 | 0 | 2 | 2 | ||
Balance | 1,696 | 1,677 | 1,696 | 1,677 | 1,696 | |
Individually evaluated for impairment | 0 | |||||
Total ending allowance balance | 1,696 | 1,677 | 1,696 | 1,677 | 1,696 | 1,571 |
Loans individually evaluated for impairment | 3 | |||||
Total ending loans balance | 193,196 | 193,196 | 193,196 | 190,839 | ||
Residential Portfolio Segment [Member] | Financial Asset Acquired [Member] | ||||||
Acquired loans collectively evaluated for impairment | 74 | |||||
Loans collectively evaluated for impairment | 23,038 | |||||
Residential Portfolio Segment [Member] | Financial Asset Originated [Member] | ||||||
Acquired loans collectively evaluated for impairment | 1,497 | |||||
Loans collectively evaluated for impairment | 167,798 | |||||
Residential Portfolio Segment [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | ||||||
Balance | 166 | |||||
Total ending allowance balance | 166 | |||||
Consumer Portfolio Segment [Member] | ||||||
Balance | 862 | 777 | 902 | 628 | 908 | |
Provision for expected credit losses | 130 | 228 | 221 | 397 | ||
Charge-offs | (137) | (119) | (243) | (191) | (243) | |
Recoveries | 15 | 22 | 87 | 74 | ||
Balance | 870 | 908 | 870 | 908 | 870 | |
Individually evaluated for impairment | 0 | |||||
Total ending allowance balance | 870 | 908 | 870 | 908 | 870 | 902 |
Loans individually evaluated for impairment | 0 | |||||
Total ending loans balance | 71,995 | 71,995 | 71,995 | 65,594 | ||
Consumer Portfolio Segment [Member] | Financial Asset Acquired [Member] | ||||||
Acquired loans collectively evaluated for impairment | 0 | |||||
Loans collectively evaluated for impairment | 1,230 | |||||
Consumer Portfolio Segment [Member] | Financial Asset Originated [Member] | ||||||
Acquired loans collectively evaluated for impairment | 902 | |||||
Loans collectively evaluated for impairment | 64,364 | |||||
Consumer Portfolio Segment [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | ||||||
Balance | (97) | |||||
Total ending allowance balance | (97) | |||||
Commercial Portfolio Segment [Member] | ||||||
Balance | 1,021 | 1,308 | 960 | 1,006 | ||
Provision for expected credit losses | (15) | 46 | ||||
Charge-offs | 0 | 0 | 0 | |||
Recoveries | 0 | 0 | ||||
Balance | 1,006 | 1,006 | ||||
Individually evaluated for impairment | 0 | |||||
Total ending allowance balance | $ 1,006 | $ 1,006 | 1,308 | |||
Loans individually evaluated for impairment | 314 | |||||
Total ending loans balance | $ 112,073 | $ 112,073 | $ 112,073 | 112,826 | ||
Commercial Portfolio Segment [Member] | Financial Asset Acquired [Member] | ||||||
Acquired loans collectively evaluated for impairment | 0 | |||||
Loans collectively evaluated for impairment | 622 | |||||
Commercial Portfolio Segment [Member] | Financial Asset Originated [Member] | ||||||
Acquired loans collectively evaluated for impairment | 1,308 | |||||
Loans collectively evaluated for impairment | $ 111,890 |
Note 3 - Loans and Allowance _6
Note 3 - Loans and Allowance for Credit Losses - Non-accrual Loans (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Dec. 31, 2023 | Jun. 30, 2023 | |
Nonaccrual, No Allowance | $ 915 | |
Nonaccrual | 1,114 | $ 54 |
Nonaccrual, Interest Income | 0 | |
Commercial Real Estate Portfolio Segment [Member] | Other Commercial Real Estate Loans [Member] | ||
Nonaccrual | 51 | |
Commercial Real Estate Portfolio Segment [Member] | Owner Occupied Loans [Member] | ||
Nonaccrual, No Allowance | 428 | |
Nonaccrual | 428 | |
Nonaccrual, Interest Income | 0 | |
Residential Portfolio Segment [Member] | ||
Nonaccrual, No Allowance | 137 | |
Nonaccrual | 336 | |
Nonaccrual, Interest Income | 0 | |
Residential Portfolio Segment [Member] | Non-owner Occupied Loans [Member] | ||
Nonaccrual | $ 3 | |
Commercial & Industrial [Member] | ||
Nonaccrual, No Allowance | 350 | |
Nonaccrual | 350 | |
Nonaccrual, Interest Income | $ 0 |
Note 3 - Loans and Allowance _7
Note 3 - Loans and Allowance for Credit Losses - Loans Past Due (Details) - USD ($) $ in Thousands | Dec. 31, 2023 | Jun. 30, 2023 |
Recorded investment | $ 735,227 | $ 711,960 |
Financing Receivable, Recorded Investment, 90 Days Past Due and Still Accruing | 20 | 50 |
Financial Asset, 30 to 59 Days Past Due [Member] | ||
Recorded investment | 1,005 | 455 |
Financial Asset, 60 to 89 Days Past Due [Member] | ||
Recorded investment | 216 | 244 |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Recorded investment | 385 | 104 |
Financial Asset, Past Due [Member] | ||
Recorded investment | 1,606 | 803 |
Financial Asset, Not Past Due [Member] | ||
Recorded investment | 733,621 | 711,157 |
Commercial Portfolio Segment [Member] | ||
Recorded investment | 112,073 | 112,826 |
Financing Receivable, Recorded Investment, 90 Days Past Due and Still Accruing | 0 | 0 |
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 | 25 | 0 |
Commercial Portfolio Segment [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Recorded investment | 0 | 0 |
Commercial Portfolio Segment [Member] | Financial Asset, Past Due [Member] | ||
Recorded investment | 25 | 0 |
Commercial Portfolio Segment [Member] | Financial Asset, Not Past Due [Member] | ||
Recorded investment | 112,048 | 112,826 |
Commercial Real Estate Portfolio Segment [Member] | ||
Recorded investment | 342,701 | |
Commercial Real Estate Portfolio Segment [Member] | Owner Occupied Loans [Member] | ||
Recorded investment | 157,286 | 158,437 |
Financing Receivable, Recorded Investment, 90 Days Past Due and Still Accruing | 0 | 0 |
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | ||
Recorded investment | 23,996 | |
Financing Receivable, Recorded Investment, 90 Days Past Due and Still Accruing | 0 | |
Commercial Real Estate Portfolio Segment [Member] | Non-owner Occupied Loans [Member] | ||
Recorded investment | 148,598 | 23,888 |
Financing Receivable, Recorded Investment, 90 Days Past Due and Still Accruing | 0 | 0 |
Commercial Real Estate Portfolio Segment [Member] | Other Commercial Real Estate Loans [Member] | ||
Recorded investment | 318,705 | |
Financing Receivable, Recorded Investment, 90 Days Past Due and Still Accruing | 0 | |
Commercial Real Estate Portfolio Segment [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | Owner Occupied Loans [Member] | ||
Recorded investment | 0 | 17 |
Commercial Real Estate Portfolio Segment [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | Construction Loans [Member] | ||
Recorded investment | 0 | |
Commercial Real Estate Portfolio Segment [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | Non-owner Occupied 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 | 0 | |
Commercial Real Estate Portfolio Segment [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | Owner Occupied Loans [Member] | ||
Recorded investment | 0 | 124 |
Commercial Real Estate Portfolio Segment [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | Construction Loans [Member] | ||
Recorded investment | 0 | |
Commercial Real Estate Portfolio Segment [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | Non-owner Occupied 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 | |
Commercial Real Estate Portfolio Segment [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Owner Occupied Loans [Member] | ||
Recorded investment | 51 | 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 | |
Commercial Real Estate Portfolio Segment [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Non-owner Occupied Loans [Member] | ||
Recorded investment | 0 | 3 |
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 | 51 | |
Commercial Real Estate Portfolio Segment [Member] | Financial Asset, Past Due [Member] | Owner Occupied Loans [Member] | ||
Recorded investment | 51 | 141 |
Commercial Real Estate Portfolio Segment [Member] | Financial Asset, Past Due [Member] | Construction Loans [Member] | ||
Recorded investment | 0 | |
Commercial Real Estate Portfolio Segment [Member] | Financial Asset, Past Due [Member] | Non-owner Occupied Loans [Member] | ||
Recorded investment | 0 | 3 |
Commercial Real Estate Portfolio Segment [Member] | Financial Asset, Past Due [Member] | Other Commercial Real Estate Loans [Member] | ||
Recorded investment | 51 | |
Commercial Real Estate Portfolio Segment [Member] | Financial Asset, Not Past Due [Member] | Owner Occupied Loans [Member] | ||
Recorded investment | 157,235 | 158,296 |
Commercial Real Estate Portfolio Segment [Member] | Financial Asset, Not Past Due [Member] | Construction Loans [Member] | ||
Recorded investment | 23,996 | |
Commercial Real Estate Portfolio Segment [Member] | Financial Asset, Not Past Due [Member] | Non-owner Occupied Loans [Member] | ||
Recorded investment | 148,598 | 23,885 |
Commercial Real Estate Portfolio Segment [Member] | Financial Asset, Not Past Due [Member] | Other Commercial Real Estate Loans [Member] | ||
Recorded investment | 318,654 | |
Farmland [Member] | ||
Recorded investment | 40,564 | |
Financing Receivable, Recorded Investment, 90 Days Past Due and Still Accruing | 0 | |
Farmland [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | ||
Recorded investment | ||
Farmland [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | ||
Recorded investment | ||
Farmland [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Recorded investment | ||
Farmland [Member] | Financial Asset, Past Due [Member] | ||
Recorded investment | ||
Farmland [Member] | Financial Asset, Not Past Due [Member] | ||
Recorded investment | 40,564 | |
Land Development [Member] | ||
Recorded investment | 11,515 | |
Financing Receivable, Recorded Investment, 90 Days Past Due and Still Accruing | 0 | |
Land Development [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | ||
Recorded investment | 0 | |
Land Development [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | ||
Recorded investment | 0 | |
Land Development [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Recorded investment | 0 | |
Land Development [Member] | Financial Asset, Past Due [Member] | ||
Recorded investment | 0 | |
Land Development [Member] | Financial Asset, Not Past Due [Member] | ||
Recorded investment | 11,515 | |
Residential Portfolio Segment [Member] | ||
Recorded investment | 193,196 | 190,839 |
Financing Receivable, Recorded Investment, 90 Days Past Due and Still Accruing | 0 | |
Residential Portfolio Segment [Member] | Construction Loans [Member] | ||
Recorded investment | 8,514 | |
Financing Receivable, Recorded Investment, 90 Days Past Due and Still Accruing | 0 | |
Residential Portfolio Segment [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | ||
Recorded investment | 241 | |
Residential Portfolio Segment [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | Construction Loans [Member] | ||
Recorded investment | 0 | |
Residential Portfolio Segment [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | ||
Recorded investment | 40 | |
Residential Portfolio Segment [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | Construction Loans [Member] | ||
Recorded investment | 0 | |
Residential Portfolio Segment [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Recorded investment | 314 | |
Residential Portfolio Segment [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Construction Loans [Member] | ||
Recorded investment | 0 | |
Residential Portfolio Segment [Member] | Financial Asset, Past Due [Member] | ||
Recorded investment | 595 | |
Residential Portfolio Segment [Member] | Financial Asset, Past Due [Member] | Construction Loans [Member] | ||
Recorded investment | 0 | |
Residential Portfolio Segment [Member] | Financial Asset, Not Past Due [Member] | ||
Recorded investment | 192,601 | |
Residential Portfolio Segment [Member] | Financial Asset, Not Past Due [Member] | Construction Loans [Member] | ||
Recorded investment | 8,514 | |
Consumer Portfolio Segment [Member] | ||
Recorded investment | 71,995 | 65,594 |
Financing Receivable, Recorded Investment, 90 Days Past Due and Still Accruing | 20 | 50 |
Consumer Portfolio Segment [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | ||
Recorded investment | 764 | 438 |
Consumer Portfolio Segment [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | ||
Recorded investment | 151 | 120 |
Consumer Portfolio Segment [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Recorded investment | 20 | 50 |
Consumer Portfolio Segment [Member] | Financial Asset, Past Due [Member] | ||
Recorded investment | 935 | 608 |
Consumer Portfolio Segment [Member] | Financial Asset, Not Past Due [Member] | ||
Recorded investment | $ 71,060 | $ 64,986 |
Note 3 - Loans and Allowance _8
Note 3 - Loans and Allowance for Credit Losses - Recorded Investment by Risk Category (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | 12 Months Ended | |||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2023 | Jun. 30, 2023 | |
Total loan | $ 735,227 | $ 735,227 | $ 735,227 | $ 711,960 | ||
Allowance for Credit Loss, Writeoff | 137 | $ 119 | 243 | $ 197 | ||
Financing Receivable, Net | 727,240 | 727,240 | 727,240 | 702,638 | ||
Pass [Member] | ||||||
Financing Receivable, Net | 474,662 | |||||
Special Mention [Member] | ||||||
Financing Receivable, Net | 8,321 | |||||
Substandard [Member] | ||||||
Financing Receivable, Net | 1,163 | |||||
Doubtful [Member] | ||||||
Financing Receivable, Net | 54 | |||||
Not Rated [Member] | ||||||
Financing Receivable, Net | 227,760 | |||||
Commercial Portfolio Segment [Member] | ||||||
Year One, Originated, Current Fiscal Year | 19,225 | 19,225 | 19,225 | |||
Year Two, Originated, Fiscal Year before Current Fiscal Year | 27,884 | 27,884 | 27,884 | |||
Year Three, Originated, Two Years before Current Fiscal Year | 31,034 | 31,034 | 31,034 | |||
Year Four, Originated, Three Years before Current Fiscal Year | 8,642 | 8,642 | 8,642 | |||
Year Five, Originated, Four Years before Current Fiscal Year | 4,163 | 4,163 | 4,163 | |||
Originated, More than Five Years before Current Fiscal Year | 5,027 | 5,027 | 5,027 | |||
Revolving | 16,098 | 16,098 | 16,098 | |||
Revolving, Converted to Term Loan | 0 | 0 | 0 | |||
Total loan | 112,073 | 112,073 | 112,073 | 112,826 | ||
Year One, Originated, Current Fiscal Year, Writeoff | 0 | |||||
Year Two, Originated, Fiscal Year before Current Fiscal Year, Writeoff | 0 | |||||
Year Three, Originated, Two Years before Current Fiscal Year, Writeoff | 0 | |||||
Year Four, Originated, Three Years before Current Fiscal Year, Writeoff | 0 | |||||
Year Five, Originated, Four Years before Current Fiscal Year, Writeoff | 0 | |||||
Originated, More than Five Years before Current Fiscal Year, Writeoff | 0 | |||||
Revolving, Writeoff | 0 | |||||
Revolving, Converted to Term Loan, Writeoff | 0 | |||||
Allowance for Credit Loss, Writeoff | 0 | 0 | 0 | |||
Commercial Portfolio Segment [Member] | Pass [Member] | ||||||
Year One, Originated, Current Fiscal Year | 19,225 | 19,225 | 19,225 | |||
Year Two, Originated, Fiscal Year before Current Fiscal Year | 27,884 | 27,884 | 27,884 | |||
Year Three, Originated, Two Years before Current Fiscal Year | 30,632 | 30,632 | 30,632 | |||
Year Four, Originated, Three Years before Current Fiscal Year | 8,505 | 8,505 | 8,505 | |||
Year Five, Originated, Four Years before Current Fiscal Year | 4,148 | 4,148 | 4,148 | |||
Originated, More than Five Years before Current Fiscal Year | 4,934 | 4,934 | 4,934 | |||
Revolving | 14,770 | 14,770 | 14,770 | |||
Revolving, Converted to Term Loan | 0 | 0 | 0 | |||
Total loan | 110,098 | 110,098 | 110,098 | |||
Financing Receivable, Net | 110,928 | |||||
Commercial Portfolio Segment [Member] | Special Mention [Member] | ||||||
Year One, Originated, Current Fiscal Year | 0 | 0 | 0 | |||
Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 | 0 | |||
Year Three, Originated, Two Years before Current Fiscal Year | 402 | 402 | 402 | |||
Year Four, Originated, Three Years before Current Fiscal Year | 137 | 137 | 137 | |||
Year Five, Originated, Four Years before Current Fiscal Year | 15 | 15 | 15 | |||
Originated, More than Five Years before Current Fiscal Year | 93 | 93 | 93 | |||
Revolving | 933 | 933 | 933 | |||
Revolving, Converted to Term Loan | 0 | 0 | 0 | |||
Total loan | 1,580 | 1,580 | 1,580 | |||
Financing Receivable, Net | 1,174 | |||||
Commercial Portfolio Segment [Member] | Substandard [Member] | ||||||
Year One, Originated, Current Fiscal Year | 0 | 0 | 0 | |||
Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 | 0 | |||
Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 | 0 | |||
Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 | 0 | |||
Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 | 0 | |||
Originated, More than Five Years before Current Fiscal Year | 0 | 0 | 0 | |||
Revolving | 308 | 308 | 308 | |||
Revolving, Converted to Term Loan | 0 | 0 | 0 | |||
Total loan | 308 | 308 | 308 | |||
Financing Receivable, Net | 573 | |||||
Commercial Portfolio Segment [Member] | Doubtful [Member] | ||||||
Year One, Originated, Current Fiscal Year | 0 | 0 | 0 | |||
Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 | 0 | |||
Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 | 0 | |||
Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 | 0 | |||
Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 | 0 | |||
Originated, More than Five Years before Current Fiscal Year | 0 | 0 | 0 | |||
Revolving | 87 | 87 | 87 | |||
Revolving, Converted to Term Loan | 0 | 0 | 0 | |||
Total loan | 87 | 87 | 87 | |||
Financing Receivable, Net | 0 | |||||
Commercial Portfolio Segment [Member] | Not Rated [Member] | ||||||
Financing Receivable, Net | 151 | |||||
Residential Portfolio Segment [Member] | ||||||
Year One, Originated, Current Fiscal Year | 11,025 | 11,025 | 11,025 | |||
Year Two, Originated, Fiscal Year before Current Fiscal Year | 22,294 | 22,294 | 22,294 | |||
Year Three, Originated, Two Years before Current Fiscal Year | 31,309 | 31,309 | 31,309 | |||
Year Four, Originated, Three Years before Current Fiscal Year | 52,338 | 52,338 | 52,338 | |||
Year Five, Originated, Four Years before Current Fiscal Year | 20,212 | 20,212 | 20,212 | |||
Originated, More than Five Years before Current Fiscal Year | 31,100 | 31,100 | 31,100 | |||
Revolving | 24,918 | 24,918 | 24,918 | |||
Revolving, Converted to Term Loan | 0 | 0 | 0 | |||
Total loan | 193,196 | 193,196 | 193,196 | 190,839 | ||
Year One, Originated, Current Fiscal Year, Writeoff | 0 | |||||
Year Two, Originated, Fiscal Year before Current Fiscal Year, Writeoff | 0 | |||||
Year Three, Originated, Two Years before Current Fiscal Year, Writeoff | 0 | |||||
Year Four, Originated, Three Years before Current Fiscal Year, Writeoff | 0 | |||||
Year Five, Originated, Four Years before Current Fiscal Year, Writeoff | 0 | |||||
Originated, More than Five Years before Current Fiscal Year, Writeoff | 0 | |||||
Revolving, Writeoff | 0 | |||||
Revolving, Converted to Term Loan, Writeoff | 0 | |||||
Allowance for Credit Loss, Writeoff | 0 | 0 | 0 | 6 | 0 | |
Residential Portfolio Segment [Member] | Construction Loans [Member] | ||||||
Total loan | 8,514 | |||||
Residential Portfolio Segment [Member] | Performing Financial Instruments [Member] | ||||||
Year One, Originated, Current Fiscal Year | 11,025 | 11,025 | 11,025 | |||
Year Two, Originated, Fiscal Year before Current Fiscal Year | 22,294 | 22,294 | 22,294 | |||
Year Three, Originated, Two Years before Current Fiscal Year | 31,112 | 31,112 | 31,112 | |||
Year Four, Originated, Three Years before Current Fiscal Year | 52,338 | 52,338 | 52,338 | |||
Year Five, Originated, Four Years before Current Fiscal Year | 20,212 | 20,212 | 20,212 | |||
Originated, More than Five Years before Current Fiscal Year | 30,961 | 30,961 | 30,961 | |||
Revolving | 24,918 | 24,918 | 24,918 | |||
Revolving, Converted to Term Loan | 0 | 0 | 0 | |||
Total loan | 192,860 | 192,860 | 192,860 | |||
Residential Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | ||||||
Year One, Originated, Current Fiscal Year | 0 | 0 | 0 | |||
Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 | 0 | |||
Year Three, Originated, Two Years before Current Fiscal Year | 197 | 197 | 197 | |||
Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 | 0 | |||
Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 | 0 | |||
Originated, More than Five Years before Current Fiscal Year | 139 | 139 | 139 | |||
Revolving | 0 | 0 | 0 | |||
Revolving, Converted to Term Loan | 0 | 0 | 0 | |||
Total loan | 336 | 336 | 336 | |||
Residential Portfolio Segment [Member] | Pass [Member] | Construction Loans [Member] | ||||||
Financing Receivable, Net | 3,227 | |||||
Residential Portfolio Segment [Member] | Pass [Member] | Owner Occupied Loans [Member] | ||||||
Financing Receivable, Net | 2,013 | |||||
Residential Portfolio Segment [Member] | Pass [Member] | Non-owner Occupied Loans [Member] | ||||||
Financing Receivable, Net | 23,474 | |||||
Residential Portfolio Segment [Member] | Special Mention [Member] | Construction Loans [Member] | ||||||
Financing Receivable, Net | 0 | |||||
Residential Portfolio Segment [Member] | Special Mention [Member] | Owner Occupied Loans [Member] | ||||||
Financing Receivable, Net | 0 | |||||
Residential Portfolio Segment [Member] | Special Mention [Member] | Non-owner Occupied Loans [Member] | ||||||
Financing Receivable, Net | 50 | |||||
Residential Portfolio Segment [Member] | Substandard [Member] | Construction Loans [Member] | ||||||
Financing Receivable, Net | 0 | |||||
Residential Portfolio Segment [Member] | Substandard [Member] | Owner Occupied Loans [Member] | ||||||
Financing Receivable, Net | 17 | |||||
Residential Portfolio Segment [Member] | Substandard [Member] | Non-owner Occupied Loans [Member] | ||||||
Financing Receivable, Net | 105 | |||||
Residential Portfolio Segment [Member] | Doubtful [Member] | Construction Loans [Member] | ||||||
Financing Receivable, Net | 0 | |||||
Residential Portfolio Segment [Member] | Doubtful [Member] | Owner Occupied Loans [Member] | ||||||
Financing Receivable, Net | 0 | |||||
Residential Portfolio Segment [Member] | Doubtful [Member] | Non-owner Occupied Loans [Member] | ||||||
Financing Receivable, Net | 3 | |||||
Residential Portfolio Segment [Member] | Not Rated [Member] | Construction Loans [Member] | ||||||
Financing Receivable, Net | 5,287 | |||||
Residential Portfolio Segment [Member] | Not Rated [Member] | Owner Occupied Loans [Member] | ||||||
Financing Receivable, Net | 156,407 | |||||
Residential Portfolio Segment [Member] | Not Rated [Member] | Non-owner Occupied Loans [Member] | ||||||
Financing Receivable, Net | 256 | |||||
Commercial Real Estate Portfolio Segment [Member] | ||||||
Total loan | 342,701 | |||||
Allowance for Credit Loss, Writeoff | 0 | 0 | 0 | 0 | ||
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | ||||||
Total loan | 23,996 | |||||
Commercial Real Estate Portfolio Segment [Member] | Other Commercial Real Estate Loans [Member] | ||||||
Total loan | 318,705 | |||||
Commercial Real Estate Portfolio Segment [Member] | Owner Occupied Loans [Member] | ||||||
Year One, Originated, Current Fiscal Year | 9,116 | 9,116 | 9,116 | |||
Year Two, Originated, Fiscal Year before Current Fiscal Year | 19,895 | 19,895 | 19,895 | |||
Year Three, Originated, Two Years before Current Fiscal Year | 35,153 | 35,153 | 35,153 | |||
Year Four, Originated, Three Years before Current Fiscal Year | 23,205 | 23,205 | 23,205 | |||
Year Five, Originated, Four Years before Current Fiscal Year | 16,418 | 16,418 | 16,418 | |||
Originated, More than Five Years before Current Fiscal Year | 45,700 | 45,700 | 45,700 | |||
Revolving | 7,799 | 7,799 | 7,799 | |||
Revolving, Converted to Term Loan | 0 | 0 | 0 | |||
Total loan | 157,286 | 157,286 | 157,286 | 158,437 | ||
Year One, Originated, Current Fiscal Year, Writeoff | 0 | |||||
Year Two, Originated, Fiscal Year before Current Fiscal Year, Writeoff | 0 | |||||
Year Three, Originated, Two Years before Current Fiscal Year, Writeoff | 0 | |||||
Year Four, Originated, Three Years before Current Fiscal Year, Writeoff | 0 | |||||
Year Five, Originated, Four Years before Current Fiscal Year, Writeoff | 0 | |||||
Originated, More than Five Years before Current Fiscal Year, Writeoff | 0 | |||||
Revolving, Writeoff | 0 | |||||
Revolving, Converted to Term Loan, Writeoff | 0 | |||||
Allowance for Credit Loss, Writeoff | 0 | |||||
Commercial Real Estate Portfolio Segment [Member] | Non-owner Occupied Loans [Member] | ||||||
Year One, Originated, Current Fiscal Year | 8,422 | 8,422 | 8,422 | |||
Year Two, Originated, Fiscal Year before Current Fiscal Year | 38,944 | 38,944 | 38,944 | |||
Year Three, Originated, Two Years before Current Fiscal Year | 22,752 | 22,752 | 22,752 | |||
Year Four, Originated, Three Years before Current Fiscal Year | 28,866 | 28,866 | 28,866 | |||
Year Five, Originated, Four Years before Current Fiscal Year | 13,085 | 13,085 | 13,085 | |||
Originated, More than Five Years before Current Fiscal Year | 35,748 | 35,748 | 35,748 | |||
Revolving | 781 | 781 | 781 | |||
Revolving, Converted to Term Loan | 0 | 0 | 0 | |||
Total loan | 148,598 | 148,598 | 148,598 | 23,888 | ||
Year One, Originated, Current Fiscal Year, Writeoff | 0 | |||||
Year Two, Originated, Fiscal Year before Current Fiscal Year, Writeoff | 0 | |||||
Year Three, Originated, Two Years before Current Fiscal Year, Writeoff | 0 | |||||
Year Four, Originated, Three Years before Current Fiscal Year, Writeoff | 0 | |||||
Year Five, Originated, Four Years before Current Fiscal Year, Writeoff | 0 | |||||
Originated, More than Five Years before Current Fiscal Year, Writeoff | 0 | |||||
Revolving, Writeoff | 0 | |||||
Revolving, Converted to Term Loan, Writeoff | 0 | |||||
Allowance for Credit Loss, Writeoff | 0 | |||||
Commercial Real Estate Portfolio Segment [Member] | Pass [Member] | Construction Loans [Member] | ||||||
Financing Receivable, Net | 23,996 | |||||
Commercial Real Estate Portfolio Segment [Member] | Pass [Member] | Other Commercial Real Estate Loans [Member] | ||||||
Financing Receivable, Net | 310,427 | |||||
Commercial Real Estate Portfolio Segment [Member] | Pass [Member] | Owner Occupied Loans [Member] | ||||||
Year One, Originated, Current Fiscal Year | 9,116 | 9,116 | 9,116 | |||
Year Two, Originated, Fiscal Year before Current Fiscal Year | 19,895 | 19,895 | 19,895 | |||
Year Three, Originated, Two Years before Current Fiscal Year | 35,153 | 35,153 | 35,153 | |||
Year Four, Originated, Three Years before Current Fiscal Year | 23,167 | 23,167 | 23,167 | |||
Year Five, Originated, Four Years before Current Fiscal Year | 15,518 | 15,518 | 15,518 | |||
Originated, More than Five Years before Current Fiscal Year | 43,194 | 43,194 | 43,194 | |||
Revolving | 7,649 | 7,649 | 7,649 | |||
Revolving, Converted to Term Loan | 0 | 0 | 0 | |||
Total loan | 153,692 | 153,692 | 153,692 | |||
Commercial Real Estate Portfolio Segment [Member] | Pass [Member] | Non-owner Occupied Loans [Member] | ||||||
Year One, Originated, Current Fiscal Year | 8,422 | 8,422 | 8,422 | |||
Year Two, Originated, Fiscal Year before Current Fiscal Year | 38,944 | 38,944 | 38,944 | |||
Year Three, Originated, Two Years before Current Fiscal Year | 22,752 | 22,752 | 22,752 | |||
Year Four, Originated, Three Years before Current Fiscal Year | 25,431 | 25,431 | 25,431 | |||
Year Five, Originated, Four Years before Current Fiscal Year | 13,085 | 13,085 | 13,085 | |||
Originated, More than Five Years before Current Fiscal Year | 35,748 | 35,748 | 35,748 | |||
Revolving | 781 | 781 | 781 | |||
Revolving, Converted to Term Loan | 0 | 0 | 0 | |||
Total loan | 145,163 | 145,163 | 145,163 | |||
Commercial Real Estate Portfolio Segment [Member] | Special Mention [Member] | Construction Loans [Member] | ||||||
Financing Receivable, Net | 0 | |||||
Commercial Real Estate Portfolio Segment [Member] | Special Mention [Member] | Other Commercial Real Estate Loans [Member] | ||||||
Financing Receivable, Net | 7,097 | |||||
Commercial Real Estate Portfolio Segment [Member] | Special Mention [Member] | Owner Occupied Loans [Member] | ||||||
Year One, Originated, Current Fiscal Year | 0 | 0 | 0 | |||
Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 | 0 | |||
Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 | 0 | |||
Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 | 0 | |||
Year Five, Originated, Four Years before Current Fiscal Year | 900 | 900 | 900 | |||
Originated, More than Five Years before Current Fiscal Year | 2,189 | 2,189 | 2,189 | |||
Revolving | 150 | 150 | 150 | |||
Revolving, Converted to Term Loan | 0 | 0 | 0 | |||
Total loan | 3,239 | 3,239 | 3,239 | |||
Commercial Real Estate Portfolio Segment [Member] | Special Mention [Member] | Non-owner Occupied Loans [Member] | ||||||
Year One, Originated, Current Fiscal Year | 0 | 0 | 0 | |||
Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 | 0 | |||
Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 | 0 | |||
Year Four, Originated, Three Years before Current Fiscal Year | 3,435 | 3,435 | 3,435 | |||
Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 | 0 | |||
Originated, More than Five Years before Current Fiscal Year | 0 | 0 | 0 | |||
Revolving | 0 | 0 | 0 | |||
Revolving, Converted to Term Loan | 0 | 0 | 0 | |||
Total loan | 3,435 | 3,435 | 3,435 | |||
Commercial Real Estate Portfolio Segment [Member] | Substandard [Member] | Construction Loans [Member] | ||||||
Financing Receivable, Net | 0 | |||||
Commercial Real Estate Portfolio Segment [Member] | Substandard [Member] | Other Commercial Real Estate Loans [Member] | ||||||
Financing Receivable, Net | 468 | |||||
Commercial Real Estate Portfolio Segment [Member] | Substandard [Member] | Owner Occupied Loans [Member] | ||||||
Year One, Originated, Current Fiscal Year | 0 | 0 | 0 | |||
Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 | 0 | |||
Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 | 0 | |||
Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 | 0 | |||
Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 | 0 | |||
Originated, More than Five Years before Current Fiscal Year | 266 | 266 | 266 | |||
Revolving | 0 | 0 | 0 | |||
Revolving, Converted to Term Loan | 0 | 0 | 0 | |||
Total loan | 266 | 266 | 266 | |||
Commercial Real Estate Portfolio Segment [Member] | Substandard [Member] | Non-owner Occupied Loans [Member] | ||||||
Year One, Originated, Current Fiscal Year | 0 | 0 | 0 | |||
Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 | 0 | |||
Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 | 0 | |||
Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 | 0 | |||
Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 | 0 | |||
Originated, More than Five Years before Current Fiscal Year | 0 | 0 | 0 | |||
Revolving | 0 | 0 | 0 | |||
Revolving, Converted to Term Loan | 0 | 0 | 0 | |||
Total loan | 0 | 0 | 0 | |||
Commercial Real Estate Portfolio Segment [Member] | Doubtful [Member] | Construction Loans [Member] | ||||||
Financing Receivable, Net | 0 | |||||
Commercial Real Estate Portfolio Segment [Member] | Doubtful [Member] | Other Commercial Real Estate Loans [Member] | ||||||
Financing Receivable, Net | 51 | |||||
Commercial Real Estate Portfolio Segment [Member] | Doubtful [Member] | Owner Occupied Loans [Member] | ||||||
Year One, Originated, Current Fiscal Year | 0 | 0 | 0 | |||
Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 | 0 | |||
Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 | 0 | |||
Year Four, Originated, Three Years before Current Fiscal Year | 38 | 38 | 38 | |||
Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 | 0 | |||
Originated, More than Five Years before Current Fiscal Year | 51 | 51 | 51 | |||
Revolving | 0 | 0 | 0 | |||
Revolving, Converted to Term Loan | 0 | 0 | 0 | |||
Total loan | 89 | 89 | 89 | |||
Commercial Real Estate Portfolio Segment [Member] | Doubtful [Member] | Non-owner Occupied Loans [Member] | ||||||
Year One, Originated, Current Fiscal Year | 0 | 0 | 0 | |||
Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 | 0 | |||
Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 | 0 | |||
Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 | 0 | |||
Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 | 0 | |||
Originated, More than Five Years before Current Fiscal Year | 0 | 0 | 0 | |||
Revolving | 0 | 0 | 0 | |||
Revolving, Converted to Term Loan | 0 | 0 | 0 | |||
Total loan | 0 | 0 | 0 | |||
Commercial Real Estate Portfolio Segment [Member] | Not Rated [Member] | Construction Loans [Member] | ||||||
Financing Receivable, Net | 0 | |||||
Commercial Real Estate Portfolio Segment [Member] | Not Rated [Member] | Other Commercial Real Estate Loans [Member] | ||||||
Financing Receivable, Net | 662 | |||||
Consumer Portfolio Segment [Member] | ||||||
Year One, Originated, Current Fiscal Year | 18,120 | 18,120 | 18,120 | |||
Year Two, Originated, Fiscal Year before Current Fiscal Year | 30,599 | 30,599 | 30,599 | |||
Year Three, Originated, Two Years before Current Fiscal Year | 15,938 | 15,938 | 15,938 | |||
Year Four, Originated, Three Years before Current Fiscal Year | 5,701 | 5,701 | 5,701 | |||
Year Five, Originated, Four Years before Current Fiscal Year | 987 | 987 | 987 | |||
Originated, More than Five Years before Current Fiscal Year | 534 | 534 | 534 | |||
Revolving | 116 | 116 | 116 | |||
Revolving, Converted to Term Loan | 0 | 0 | 0 | |||
Total loan | 71,995 | 71,995 | 71,995 | 65,594 | ||
Year One, Originated, Current Fiscal Year, Writeoff | 20 | |||||
Year Two, Originated, Fiscal Year before Current Fiscal Year, Writeoff | 78 | |||||
Year Three, Originated, Two Years before Current Fiscal Year, Writeoff | 97 | |||||
Year Four, Originated, Three Years before Current Fiscal Year, Writeoff | 33 | |||||
Year Five, Originated, Four Years before Current Fiscal Year, Writeoff | 15 | |||||
Originated, More than Five Years before Current Fiscal Year, Writeoff | 0 | |||||
Revolving, Writeoff | 0 | |||||
Revolving, Converted to Term Loan, Writeoff | 0 | |||||
Allowance for Credit Loss, Writeoff | 137 | $ 119 | 243 | $ 191 | 243 | |
Consumer Portfolio Segment [Member] | Performing Financial Instruments [Member] | ||||||
Year One, Originated, Current Fiscal Year | 18,120 | 18,120 | 18,120 | |||
Year Two, Originated, Fiscal Year before Current Fiscal Year | 30,599 | 30,599 | 30,599 | |||
Year Three, Originated, Two Years before Current Fiscal Year | 15,931 | 15,931 | 15,931 | |||
Year Four, Originated, Three Years before Current Fiscal Year | 5,698 | 5,698 | 5,698 | |||
Year Five, Originated, Four Years before Current Fiscal Year | 979 | 979 | 979 | |||
Originated, More than Five Years before Current Fiscal Year | 532 | 532 | 532 | |||
Revolving | 116 | 116 | 116 | |||
Revolving, Converted to Term Loan | 0 | 0 | 0 | |||
Total loan | 71,975 | 71,975 | 71,975 | |||
Consumer Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | ||||||
Year One, Originated, Current Fiscal Year | 0 | 0 | 0 | |||
Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 | 0 | |||
Year Three, Originated, Two Years before Current Fiscal Year | 7 | 7 | 7 | |||
Year Four, Originated, Three Years before Current Fiscal Year | 3 | 3 | 3 | |||
Year Five, Originated, Four Years before Current Fiscal Year | 8 | 8 | 8 | |||
Originated, More than Five Years before Current Fiscal Year | 2 | 2 | 2 | |||
Revolving | 0 | 0 | 0 | |||
Revolving, Converted to Term Loan | 0 | 0 | 0 | |||
Total loan | 20 | 20 | 20 | |||
Consumer Portfolio Segment [Member] | Pass [Member] | ||||||
Financing Receivable, Net | 597 | |||||
Consumer Portfolio Segment [Member] | Special Mention [Member] | ||||||
Financing Receivable, Net | 0 | |||||
Consumer Portfolio Segment [Member] | Substandard [Member] | ||||||
Financing Receivable, Net | 0 | |||||
Consumer Portfolio Segment [Member] | Doubtful [Member] | ||||||
Financing Receivable, Net | 0 | |||||
Consumer Portfolio Segment [Member] | Not Rated [Member] | ||||||
Financing Receivable, Net | $ 64,997 | |||||
Residential Rea Estate and Consumer Segments [Member] | ||||||
Year One, Originated, Current Fiscal Year | 29,145 | 29,145 | 29,145 | |||
Year Two, Originated, Fiscal Year before Current Fiscal Year | 52,893 | 52,893 | 52,893 | |||
Year Three, Originated, Two Years before Current Fiscal Year | 47,247 | 47,247 | 47,247 | |||
Year Four, Originated, Three Years before Current Fiscal Year | 58,039 | 58,039 | 58,039 | |||
Year Five, Originated, Four Years before Current Fiscal Year | 21,199 | 21,199 | 21,199 | |||
Originated, More than Five Years before Current Fiscal Year | 31,634 | 31,634 | 31,634 | |||
Revolving | 25,034 | 25,034 | 25,034 | |||
Revolving, Converted to Term Loan | 0 | 0 | 0 | |||
Total loan | 265,191 | 265,191 | 265,191 | |||
Residential Rea Estate and Consumer Segments [Member] | Performing Financial Instruments [Member] | ||||||
Year One, Originated, Current Fiscal Year | 29,145 | 29,145 | 29,145 | |||
Year Two, Originated, Fiscal Year before Current Fiscal Year | 52,893 | 52,893 | 52,893 | |||
Year Three, Originated, Two Years before Current Fiscal Year | 47,043 | 47,043 | 47,043 | |||
Year Four, Originated, Three Years before Current Fiscal Year | 58,036 | 58,036 | 58,036 | |||
Year Five, Originated, Four Years before Current Fiscal Year | 21,191 | 21,191 | 21,191 | |||
Originated, More than Five Years before Current Fiscal Year | 31,493 | 31,493 | 31,493 | |||
Revolving | 25,034 | 25,034 | 25,034 | |||
Revolving, Converted to Term Loan | 0 | 0 | 0 | |||
Total loan | 264,835 | 264,835 | 264,835 | |||
Residential Rea Estate and Consumer Segments [Member] | Nonperforming Financial Instruments [Member] | ||||||
Year One, Originated, Current Fiscal Year | 0 | 0 | 0 | |||
Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 | 0 | |||
Year Three, Originated, Two Years before Current Fiscal Year | 204 | 204 | 204 | |||
Year Four, Originated, Three Years before Current Fiscal Year | 3 | 3 | 3 | |||
Year Five, Originated, Four Years before Current Fiscal Year | 8 | 8 | 8 | |||
Originated, More than Five Years before Current Fiscal Year | 141 | 141 | 141 | |||
Revolving | 0 | 0 | 0 | |||
Revolving, Converted to Term Loan | 0 | 0 | 0 | |||
Total loan | 356 | 356 | 356 | |||
Farmland [Member] | ||||||
Year One, Originated, Current Fiscal Year | 1,351 | 1,351 | 1,351 | |||
Year Two, Originated, Fiscal Year before Current Fiscal Year | 6,354 | 6,354 | 6,354 | |||
Year Three, Originated, Two Years before Current Fiscal Year | 5,958 | 5,958 | 5,958 | |||
Year Four, Originated, Three Years before Current Fiscal Year | 5,403 | 5,403 | 5,403 | |||
Year Five, Originated, Four Years before Current Fiscal Year | 2,338 | 2,338 | 2,338 | |||
Originated, More than Five Years before Current Fiscal Year | 17,934 | 17,934 | 17,934 | |||
Revolving | 1,226 | 1,226 | 1,226 | |||
Revolving, Converted to Term Loan | 0 | 0 | 0 | |||
Total loan | 40,564 | 40,564 | 40,564 | |||
Year One, Originated, Current Fiscal Year, Writeoff | 0 | |||||
Year Two, Originated, Fiscal Year before Current Fiscal Year, Writeoff | 0 | |||||
Year Three, Originated, Two Years before Current Fiscal Year, Writeoff | 0 | |||||
Year Four, Originated, Three Years before Current Fiscal Year, Writeoff | 0 | |||||
Year Five, Originated, Four Years before Current Fiscal Year, Writeoff | 0 | |||||
Originated, More than Five Years before Current Fiscal Year, Writeoff | 0 | |||||
Revolving, Writeoff | 0 | |||||
Revolving, Converted to Term Loan, Writeoff | 0 | |||||
Allowance for Credit Loss, Writeoff | 0 | 0 | ||||
Farmland [Member] | Pass [Member] | ||||||
Year One, Originated, Current Fiscal Year | 1,351 | 1,351 | 1,351 | |||
Year Two, Originated, Fiscal Year before Current Fiscal Year | 6,354 | 6,354 | 6,354 | |||
Year Three, Originated, Two Years before Current Fiscal Year | 5,958 | 5,958 | 5,958 | |||
Year Four, Originated, Three Years before Current Fiscal Year | 5,403 | 5,403 | 5,403 | |||
Year Five, Originated, Four Years before Current Fiscal Year | 2,338 | 2,338 | 2,338 | |||
Originated, More than Five Years before Current Fiscal Year | 17,114 | 17,114 | 17,114 | |||
Revolving | 1,226 | 1,226 | 1,226 | |||
Revolving, Converted to Term Loan | 0 | 0 | 0 | |||
Total loan | 39,744 | 39,744 | 39,744 | |||
Farmland [Member] | Special Mention [Member] | ||||||
Year One, Originated, Current Fiscal Year | 0 | 0 | 0 | |||
Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 | 0 | |||
Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 | 0 | |||
Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 | 0 | |||
Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 | 0 | |||
Originated, More than Five Years before Current Fiscal Year | 820 | 820 | 820 | |||
Revolving | 0 | 0 | 0 | |||
Revolving, Converted to Term Loan | 0 | 0 | 0 | |||
Total loan | 820 | 820 | 820 | |||
Farmland [Member] | Substandard [Member] | ||||||
Year One, Originated, Current Fiscal Year | 0 | 0 | 0 | |||
Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 | 0 | |||
Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 | 0 | |||
Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 | 0 | |||
Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 | 0 | |||
Originated, More than Five Years before Current Fiscal Year | 0 | 0 | 0 | |||
Revolving | 0 | 0 | 0 | |||
Revolving, Converted to Term Loan | 0 | 0 | 0 | |||
Total loan | 0 | 0 | 0 | |||
Farmland [Member] | Doubtful [Member] | ||||||
Year One, Originated, Current Fiscal Year | 0 | 0 | 0 | |||
Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 | 0 | |||
Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 | 0 | |||
Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 | 0 | |||
Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 | 0 | |||
Originated, More than Five Years before Current Fiscal Year | 0 | 0 | 0 | |||
Revolving | 0 | 0 | 0 | |||
Revolving, Converted to Term Loan | 0 | 0 | 0 | |||
Total loan | 0 | 0 | 0 | |||
Land Development [Member] | ||||||
Year One, Originated, Current Fiscal Year | 2,279 | 2,279 | 2,279 | |||
Year Two, Originated, Fiscal Year before Current Fiscal Year | 2,015 | 2,015 | 2,015 | |||
Year Three, Originated, Two Years before Current Fiscal Year | 604 | 604 | 604 | |||
Year Four, Originated, Three Years before Current Fiscal Year | 529 | 529 | 529 | |||
Year Five, Originated, Four Years before Current Fiscal Year | 303 | 303 | 303 | |||
Originated, More than Five Years before Current Fiscal Year | 590 | 590 | 590 | |||
Revolving | 5,195 | 5,195 | 5,195 | |||
Revolving, Converted to Term Loan | 0 | 0 | 0 | |||
Total loan | 11,515 | 11,515 | 11,515 | |||
Year One, Originated, Current Fiscal Year, Writeoff | 0 | |||||
Year Two, Originated, Fiscal Year before Current Fiscal Year, Writeoff | 0 | |||||
Year Three, Originated, Two Years before Current Fiscal Year, Writeoff | 0 | |||||
Year Four, Originated, Three Years before Current Fiscal Year, Writeoff | 0 | |||||
Year Five, Originated, Four Years before Current Fiscal Year, Writeoff | 0 | |||||
Originated, More than Five Years before Current Fiscal Year, Writeoff | 0 | |||||
Revolving, Writeoff | 0 | |||||
Revolving, Converted to Term Loan, Writeoff | 0 | |||||
Allowance for Credit Loss, Writeoff | 0 | 0 | ||||
Land Development [Member] | Pass [Member] | ||||||
Year One, Originated, Current Fiscal Year | 2,279 | 2,279 | 2,279 | |||
Year Two, Originated, Fiscal Year before Current Fiscal Year | 2,015 | 2,015 | 2,015 | |||
Year Three, Originated, Two Years before Current Fiscal Year | 604 | 604 | 604 | |||
Year Four, Originated, Three Years before Current Fiscal Year | 529 | 529 | 529 | |||
Year Five, Originated, Four Years before Current Fiscal Year | 303 | 303 | 303 | |||
Originated, More than Five Years before Current Fiscal Year | 590 | 590 | 590 | |||
Revolving | 5,195 | 5,195 | 5,195 | |||
Revolving, Converted to Term Loan | 0 | 0 | 0 | |||
Total loan | 11,515 | 11,515 | 11,515 | |||
Land Development [Member] | Special Mention [Member] | ||||||
Year One, Originated, Current Fiscal Year | 0 | 0 | 0 | |||
Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 | 0 | |||
Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 | 0 | |||
Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 | 0 | |||
Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 | 0 | |||
Originated, More than Five Years before Current Fiscal Year | 0 | 0 | 0 | |||
Revolving | 0 | 0 | 0 | |||
Revolving, Converted to Term Loan | 0 | 0 | 0 | |||
Total loan | 0 | 0 | 0 | |||
Land Development [Member] | Substandard [Member] | ||||||
Year One, Originated, Current Fiscal Year | 0 | 0 | 0 | |||
Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 | 0 | |||
Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 | 0 | |||
Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 | 0 | |||
Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 | 0 | |||
Originated, More than Five Years before Current Fiscal Year | 0 | 0 | 0 | |||
Revolving | 0 | 0 | 0 | |||
Revolving, Converted to Term Loan | 0 | 0 | 0 | |||
Total loan | 0 | 0 | 0 | |||
Land Development [Member] | Doubtful [Member] | ||||||
Year One, Originated, Current Fiscal Year | 0 | 0 | 0 | |||
Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 | 0 | |||
Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 | 0 | |||
Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 | 0 | |||
Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 | 0 | |||
Originated, More than Five Years before Current Fiscal Year | 0 | 0 | 0 | |||
Revolving | 0 | 0 | 0 | |||
Revolving, Converted to Term Loan | 0 | 0 | 0 | |||
Total loan | 0 | 0 | 0 | |||
Commercial, Commercial Real Estate, Farmland and Land Development Segment [Member] | ||||||
Year One, Originated, Current Fiscal Year | 40,393 | 40,393 | 40,393 | |||
Year Two, Originated, Fiscal Year before Current Fiscal Year | 95,092 | 95,092 | 95,092 | |||
Year Three, Originated, Two Years before Current Fiscal Year | 95,501 | 95,501 | 95,501 | |||
Year Four, Originated, Three Years before Current Fiscal Year | 66,645 | 66,645 | 66,645 | |||
Year Five, Originated, Four Years before Current Fiscal Year | 36,307 | 36,307 | 36,307 | |||
Originated, More than Five Years before Current Fiscal Year | 104,999 | 104,999 | 104,999 | |||
Revolving | 31,099 | 31,099 | 31,099 | |||
Revolving, Converted to Term Loan | 0 | 0 | 0 | |||
Total loan | 470,036 | 470,036 | 470,036 | |||
Commercial, Commercial Real Estate, Farmland and Land Development Segment [Member] | Pass [Member] | ||||||
Year One, Originated, Current Fiscal Year | 40,393 | 40,393 | 40,393 | |||
Year Two, Originated, Fiscal Year before Current Fiscal Year | 95,092 | 95,092 | 95,092 | |||
Year Three, Originated, Two Years before Current Fiscal Year | 95,099 | 95,099 | 95,099 | |||
Year Four, Originated, Three Years before Current Fiscal Year | 63,035 | 63,035 | 63,035 | |||
Year Five, Originated, Four Years before Current Fiscal Year | 35,392 | 35,392 | 35,392 | |||
Originated, More than Five Years before Current Fiscal Year | 101,580 | 101,580 | 101,580 | |||
Revolving | 29,621 | 29,621 | 29,621 | |||
Revolving, Converted to Term Loan | 0 | 0 | 0 | |||
Total loan | 460,212 | 460,212 | 460,212 | |||
Commercial, Commercial Real Estate, Farmland and Land Development Segment [Member] | Special Mention [Member] | ||||||
Year One, Originated, Current Fiscal Year | 0 | 0 | 0 | |||
Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 | 0 | |||
Year Three, Originated, Two Years before Current Fiscal Year | 402 | 402 | 402 | |||
Year Four, Originated, Three Years before Current Fiscal Year | 3,572 | 3,572 | 3,572 | |||
Year Five, Originated, Four Years before Current Fiscal Year | 915 | 915 | 915 | |||
Originated, More than Five Years before Current Fiscal Year | 3,102 | 3,102 | 3,102 | |||
Revolving | 1,083 | 1,083 | 1,083 | |||
Revolving, Converted to Term Loan | 0 | 0 | 0 | |||
Total loan | 9,074 | 9,074 | 9,074 | |||
Commercial, Commercial Real Estate, Farmland and Land Development Segment [Member] | Substandard [Member] | ||||||
Year One, Originated, Current Fiscal Year | 0 | 0 | 0 | |||
Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 | 0 | |||
Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 | 0 | |||
Year Four, Originated, Three Years before Current Fiscal Year | 0 | 0 | 0 | |||
Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 | 0 | |||
Originated, More than Five Years before Current Fiscal Year | 266 | 266 | 266 | |||
Revolving | 308 | 308 | 308 | |||
Revolving, Converted to Term Loan | 0 | 0 | 0 | |||
Total loan | 574 | 574 | 574 | |||
Commercial, Commercial Real Estate, Farmland and Land Development Segment [Member] | Doubtful [Member] | ||||||
Year One, Originated, Current Fiscal Year | 0 | 0 | 0 | |||
Year Two, Originated, Fiscal Year before Current Fiscal Year | 0 | 0 | 0 | |||
Year Three, Originated, Two Years before Current Fiscal Year | 0 | 0 | 0 | |||
Year Four, Originated, Three Years before Current Fiscal Year | 38 | 38 | 38 | |||
Year Five, Originated, Four Years before Current Fiscal Year | 0 | 0 | 0 | |||
Originated, More than Five Years before Current Fiscal Year | 51 | 51 | 51 | |||
Revolving | 87 | 87 | 87 | |||
Revolving, Converted to Term Loan | 0 | 0 | 0 | |||
Total loan | $ 176 | $ 176 | $ 176 |
Note 3 - Loans and Allowance _9
Note 3 - Loans and Allowance for Credit Losses - Impaired Loans (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2022 | Jun. 30, 2023 | |
Impaired Financing Receivable, Interest Income, Cash Basis Method | $ 10 | $ 10 | $ 558 |
Impaired Financing Receivable, Recorded Investment | 405 | ||
Impaired Financing Receivable, Related Allowance | 0 | ||
Impaired Financing Receivable, Average Recorded Investment | 395 | 410 | |
Impaired Financing Receivable, Interest Income, Accrual Method | 10 | 24 | |
Impaired Financing Receivable, Interest Income, Cash Basis Method | 24 | ||
Commercial Portfolio Segment [Member] | |||
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance | 404 | ||
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | 314 | ||
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 308 | 297 | |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 8 | 18 | |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Cash Basis Method | 8 | 18 | |
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance | 404 | ||
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | 314 | ||
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 308 | 297 | |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 8 | 18 | |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Cash Basis Method | 8 | 18 | |
Commercial Real Estate Portfolio Segment [Member] | Other Commercial Real Estate Loans [Member] | |||
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance | 127 | ||
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | 88 | ||
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 40 | 40 | |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 1 | 4 | |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Cash Basis Method | 1 | 4 | |
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance | 127 | ||
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | 88 | ||
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 40 | 40 | |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 1 | 4 | |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Cash Basis Method | 1 | 4 | |
Residential Portfolio Segment [Member] | Owner Occupied Loans [Member] | |||
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance | 24 | ||
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | 0 | ||
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 20 | 20 | |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 1 | 2 | |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Cash Basis Method | 1 | 2 | |
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance | 24 | ||
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | 0 | ||
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 20 | 20 | |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 1 | 2 | |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Cash Basis Method | 1 | 2 | |
Residential Portfolio Segment [Member] | Non-owner Occupied Loans [Member] | |||
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance | 3 | ||
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | 3 | ||
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 27 | 53 | |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 0 | 0 | |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Cash Basis Method | 0 | 0 | |
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance | 3 | ||
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | $ 3 | ||
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 27 | 53 | |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 0 | 0 | |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Cash Basis Method | $ 0 | $ 0 |
Note 3 - Loans and Allowance_10
Note 3 - Loans and Allowance for Credit Losses - Average Recorded Investment and Interest Income (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2022 | Jun. 30, 2023 | |
Impaired Financing Receivable, Average Recorded Investment | $ 395 | $ 410 | |
Impaired Financing Receivable, Interest Income, Accrual Method | 10 | 24 | |
Impaired Financing Receivable, Interest Income, Cash Basis Method | 10 | 10 | $ 558 |
Commercial Portfolio Segment [Member] | |||
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 308 | 297 | |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 8 | 18 | |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Cash Basis Method | 8 | 18 | |
Commercial Real Estate Portfolio Segment [Member] | Other Commercial Real Estate Loans [Member] | |||
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 40 | 40 | |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 1 | 4 | |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Cash Basis Method | 1 | 4 | |
Residential Portfolio Segment [Member] | Owner Occupied Loans [Member] | |||
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 20 | 20 | |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 1 | 2 | |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Cash Basis Method | 1 | 2 | |
Residential Portfolio Segment [Member] | Non-owner Occupied Loans [Member] | |||
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 27 | 53 | |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 0 | 0 | |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Cash Basis Method | $ 0 | $ 0 |
Note 4 - Fair Value (Details Te
Note 4 - Fair Value (Details Textual) - USD ($) | Dec. 31, 2023 | Sep. 30, 2023 | Jun. 30, 2023 | Dec. 31, 2022 | Sep. 30, 2022 | Jun. 30, 2022 |
Financing Receivable, before Allowance for Credit Loss | $ 735,227,000 | $ 711,960,000 | ||||
Financing Receivable, Allowance for Credit Loss | 7,987,000 | $ 7,782,000 | 7,724,000 | $ 7,675,000 | $ 7,546,000 | $ 7,160,000 |
Other Real Estate | 124,000 | 124,000 | ||||
Fair Value, Nonrecurring [Member] | ||||||
Assets, Fair Value Disclosure | 0 | $ 0 | ||||
Collateral Pledged [Member] | ||||||
Financing Receivable, before Allowance for Credit Loss | 199 | |||||
Financing Receivable, Allowance for Credit Loss | $ 12 |
Note 4 - Fair Value - Assets an
Note 4 - Fair Value - Assets and Liabilities Measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Thousands | Dec. 31, 2023 | Jun. 30, 2023 |
Securities, available-for-sale | $ 276,133 | $ 279,605 |
Equity securities | 386 | 386 |
US Treasury Securities [Member] | ||
Securities, available-for-sale | 8,636 | 8,408 |
US Government-sponsored Enterprises Debt Securities [Member] | ||
Securities, available-for-sale | 25,458 | 25,692 |
US States and Political Subdivisions Debt Securities [Member] | ||
Securities, available-for-sale | 80,465 | 83,972 |
Residential Mortgage-Backed Securities [Member] | ||
Securities, available-for-sale | 86,913 | 89,635 |
Commercial Mortgage-Backed Securities [Member] | ||
Securities, available-for-sale | 6,916 | 6,795 |
Other Debt Obligations [Member] | ||
Securities, available-for-sale | 15,515 | 15,033 |
Fair Value, Recurring [Member] | ||
Equity securities | 386 | 386 |
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 | 386 | 386 |
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 | 8,636 | 8,408 |
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 | 8,636 | 8,408 |
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 | 25,458 | 25,692 |
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 | 25,458 | 25,692 |
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 | 80,465 | 83,972 |
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 | 80,465 | 83,972 |
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 | 86,913 | 89,635 |
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 | 86,913 | 89,635 |
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 | 6,916 | 6,795 |
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 | 6,916 | 6,795 |
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 | 52,230 | 50,070 |
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 | 52,230 | 50,070 |
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 | 15,515 | 15,033 |
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 | 15,515 | 15,033 |
Fair Value, Recurring [Member] | Other Debt Obligations [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Securities, available-for-sale | $ 0 | $ 0 |
Note 4 - Fair Value - Estimated
Note 4 - Fair Value - Estimated Fair Values of Financial Instruments (Details) - USD ($) $ in Thousands | Dec. 31, 2023 | Jun. 30, 2023 |
Held-to-maturity, fair value | $ 5,900 | $ 6,294 |
Fair Value, Inputs, Level 1 [Member] | Reported Value Measurement [Member] | ||
Cash and cash equivalents | 12,785 | 11,755 |
Fair Value, Inputs, Level 1 [Member] | Estimate of Fair Value Measurement [Member] | ||
Cash and cash equivalents | 12,785 | 11,755 |
Fair Value, Inputs, Level 2 [Member] | Reported Value Measurement [Member] | ||
Certificates of deposit in other financial institutions | 2,237 | 2,501 |
Loans held for sale | 997 | 764 |
Accrued interest receivable | 3,301 | 3,024 |
Short-term borrowings | 25,390 | 26,367 |
Federal Home Loan Bank advances | 26,434 | 8,776 |
Accrued interest payable | 740 | 344 |
Fair Value, Inputs, Level 2 [Member] | Reported Value Measurement [Member] | Demand and Savings Deposits [Member] | ||
Demand and savings deposits | 694,176 | 738,190 |
Fair Value, Inputs, Level 2 [Member] | Reported Value Measurement [Member] | Time Deposits [Member] | ||
Demand and savings deposits | 254,372 | 214,343 |
Fair Value, Inputs, Level 2 [Member] | Estimate of Fair Value Measurement [Member] | ||
Certificates of deposit in other financial institutions | 2,225 | 2,450 |
Loans held for sale | 1,017 | 774 |
Accrued interest receivable | 3,301 | 3,024 |
Short-term borrowings | 25,390 | 26,367 |
Federal Home Loan Bank advances | 25,391 | 7,678 |
Accrued interest payable | 740 | 344 |
Fair Value, Inputs, Level 2 [Member] | Estimate of Fair Value Measurement [Member] | Demand and Savings Deposits [Member] | ||
Demand and savings deposits | 694,116 | 738,190 |
Fair Value, Inputs, Level 2 [Member] | Estimate of Fair Value Measurement [Member] | Time Deposits [Member] | ||
Demand and savings deposits | 253,604 | 211,856 |
Fair Value, Inputs, Level 3 [Member] | Reported Value Measurement [Member] | ||
Held-to-maturity, fair value | 6,428 | 6,970 |
Loans, net | 727,240 | 702,638 |
Fair Value, Inputs, Level 3 [Member] | Estimate of Fair Value Measurement [Member] | ||
Held-to-maturity, fair value | 5,900 | 6,294 |
Loans, net | $ 686,282 | $ 656,737 |
Note 5 - Affordable Tax Credi_3
Note 5 - Affordable Tax Credit Partnership - Schedule of Investments in Affordable Housing Projects (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2023 | Dec. 31, 2022 | Jun. 30, 2023 | |
Affordable housing tax credit investment | $ 10,250 | $ 10,250 | $ 10,250 | ||
Less: amortization | (2) | 0 | |||
Net affordable housing tax credit investment | 10,248 | 10,248 | 10,250 | ||
Unfunded commitments | 9,305 | 9,305 | 9,668 | ||
Tax credits and other tax benefits recognized | 8 | $ 0 | 23 | $ 0 | |
Proportional amortization expense included in provision for income taxes | 2 | $ 0 | |||
Income Tax Expense [Member] | |||||
Less: amortization | (1) | 0 | (2) | 0 | |
Proportional amortization expense included in provision for income taxes | $ 1 | $ 0 | $ 2 | $ 0 |
Note 6 - Earnings Per Share (De
Note 6 - Earnings Per Share (Details Textual) - shares | 3 Months Ended | 6 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2023 | Dec. 31, 2022 | |
Restricted Stock [Member] | ||||
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in shares) | 18,286 | 6,216 | 18,286 | 6,216 |
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, 2023 | Dec. 31, 2022 | Dec. 31, 2023 | Dec. 31, 2022 | |
Net income available to common shareholders | $ 2,015 | $ 2,809 | $ 4,425 | $ 5,344 |
Weighted average common shares outstanding (in shares) | 3,107,496 | 3,076,207 | 3,099,804 | 3,065,719 |
Basic income per share (in dollars per share) | $ 0.65 | $ 0.91 | $ 1.43 | $ 1.74 |
Dilutive effect of restricted stock (in shares) | 0 | 814 | 0 | 0 |
Total common shares and dilutive potential common shares (in shares) | 3,107,496 | 3,077,021 | 3,099,804 | 3,065,719 |
Dilutive income per share (in dollars per share) | $ 0.65 | $ 0.91 | $ 1.43 | $ 1.74 |
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, 2023 | Dec. 31, 2022 | Dec. 31, 2023 | Dec. 31, 2022 | |
Accumulated other comprehensive income (loss), before tax | $ (47,698) | $ (44,111) | $ (37,925) | $ (27,982) |
Accumulated other comprehensive income (loss), tax | 10,017 | 9,263 | 7,964 | 5,876 |
Accumulated other comprehensive income (loss), net | (37,681) | (34,848) | (29,961) | (22,106) |
Unrealized holding losses on available-for-sale securities arising during the period, before tax | 15,656 | 5,429 | 5,804 | (10,711) |
Unrealized holding losses on available-for-sale securities arising during the period, tax | (3,288) | (1,140) | (1,219) | 2,249 |
Unrealized holding losses on available-for-sale securities arising during the period, net of tax | 12,368 | 4,289 | 4,585 | (8,462) |
Accumulated other comprehensive income (loss), before tax | (32,042) | (38,678) | (32,042) | (38,678) |
Accumulated other comprehensive income (loss), tax | 6,729 | 8,122 | 6,729 | 8,122 |
Accumulated other comprehensive income (loss), net | (25,313) | (30,556) | (25,313) | (30,556) |
Amounts reclassified from accumulated other comprehensive loss, before tax | 0 | 4 | 79 | 15 |
Amounts reclassified from accumulated other comprehensive loss, tax | (1) | (16) | (3) | |
Amounts reclassified from accumulated other comprehensive loss, net of tax | 3 | 63 | 12 | |
Net current period other comprehensive loss, before tax | 5,433 | 5,883 | (10,696) | |
Net current period other comprehensive loss, tax | (1,141) | (1,235) | (2,246) | |
Other comprehensive income | 12,368 | 4,292 | 4,648 | (8,450) |
Net current period other comprehensive loss, tax | 1,141 | 1,235 | 2,246 | |
Other comprehensive income | $ 12,368 | $ 4,292 | $ 4,648 | $ (8,450) |