Document And Entity Information
Document And Entity Information - shares | 3 Months Ended | |
Sep. 30, 2020 | Nov. 10, 2020 | |
Document Information [Line Items] | ||
Entity Registrant Name | CONSUMERS BANCORP INC /OH/ | |
Entity Central Index Key | 0001006830 | |
Current Fiscal Year End Date | --06-30 | |
Entity Filer Category | Non-accelerated Filer | |
Entity Current Reporting Status | Yes | |
Entity Emerging Growth Company | false | |
Entity Small Business | true | |
Entity Interactive Data Current | Yes | |
Entity Common Stock, Shares Outstanding (in shares) | 3,028,100 | |
Entity Shell Company | false | |
Document Type | 10-Q | |
Document Period End Date | Sep. 30, 2020 | |
Document Fiscal Year Focus | 2021 | |
Document Fiscal Period Focus | Q1 | |
Amendment Flag | false |
Consolidated Balance Sheets (Cu
Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands | Sep. 30, 2020 | Jun. 30, 2020 |
ASSETS | ||
Cash on hand and noninterest-bearing deposits in financial institutions | $ 8,239 | $ 8,429 |
Federal funds sold and interest-bearing deposits in financial institutions | 269 | 1,230 |
Total cash and cash equivalents | 8,508 | 9,659 |
Certificates of deposit in other financial institutions | 8,872 | 11,635 |
Securities, available-for-sale | 136,903 | 143,918 |
Securities, held-to-maturity (fair value of $3,734 at September 30, 2020 and $3,868 at June 30, 2020) | 3,441 | 3,541 |
Federal bank and other restricted stocks, at cost | 2,472 | 2,472 |
Loans held for sale | 5,729 | 3,507 |
Total loans | 562,138 | 542,861 |
Less allowance for loan losses | (5,767) | (5,678) |
Net loans | 556,371 | 537,183 |
Cash surrender value of life insurance | 9,508 | 9,442 |
Premises and equipment, net | 15,151 | 14,901 |
Goodwill | 836 | 836 |
Core deposit intangible, net | 250 | 256 |
Accrued interest receivable and other assets | 3,229 | 3,470 |
Total assets | 751,270 | 740,820 |
LIABILITIES | ||
Noninterest-bearing demand | 188,130 | 190,233 |
Interest bearing demand | 105,262 | 99,173 |
Savings | 231,440 | 228,567 |
Time | 115,266 | 115,382 |
Total deposits | 640,098 | 633,355 |
Short-term borrowings | 8,414 | 6,943 |
Federal Home Loan Bank advances | 30,899 | 31,161 |
Accrued interest and other liabilities | 6,432 | 6,121 |
Total liabilities | 685,843 | 677,580 |
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; 3,124,053 shares issued as of September 30, 2020 and June 30, 2020) | 20,011 | 19,974 |
Retained earnings | 42,424 | 40,460 |
Treasury stock, at cost (95,953 and 108,475 common shares as of September 30, 2020 and June 30, 2020, respectively) | (1,324) | (1,454) |
Accumulated other comprehensive income | 4,316 | 4,260 |
Total shareholders’ equity | 65,427 | 63,240 |
Total liabilities and shareholders’ equity | $ 751,270 | $ 740,820 |
Consolidated Balance Sheets (_2
Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($) $ / shares in Thousands, $ in Thousands | Sep. 30, 2020 | Jun. 30, 2020 |
Held-to-maturity securities, fair value | $ 3,734 | $ 3,868 |
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) | 3,124,053 | 3,124,053 |
Treasury stock, shares (in shares) | 95,953 | 108,475 |
Consolidated Statements of Inco
Consolidated Statements of Income (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | |
Sep. 30, 2020 | Sep. 30, 2019 | |
Interest and dividend income | ||
Loans, including fees | $ 6,489 | $ 4,761 |
Securities, taxable | 372 | 510 |
Securities, tax-exempt | 420 | 399 |
Federal bank and other restricted stocks | 18 | 20 |
Federal funds sold and other interest-bearing deposits | 47 | 26 |
Total interest and dividend income | 7,346 | 5,716 |
Interest expense | ||
Deposits | 577 | 945 |
Short-term borrowings | 4 | 11 |
Federal Home Loan Bank advances | 71 | 79 |
Total interest expense | 652 | 1,035 |
Net interest income | 6,694 | 4,681 |
Provision for loan losses | 130 | 130 |
Net interest income after provision for loan losses | 6,564 | 4,551 |
Noninterest income | ||
Gain on sale of mortgage loans | 236 | 135 |
Bank owned life insurance death benefit | 324 | |
Bank owned life insurance income | 66 | 68 |
Securities gains, net | 106 | |
Other | 76 | 72 |
Total noninterest income | 1,141 | 1,469 |
Noninterest expenses | ||
Salaries and employee benefits | 2,691 | 2,173 |
Occupancy and equipment | 640 | 532 |
Data processing expenses | 186 | 385 |
Debit card processing expenses | 238 | 201 |
Professional and director fees | 237 | 257 |
FDIC assessments | 61 | (7) |
Franchise taxes | 109 | 95 |
Marketing and advertising | 134 | 181 |
Telephone and network communications | 84 | 74 |
Amortization of intangible | 6 | |
Other | 413 | 414 |
Total noninterest expenses | 4,799 | 4,305 |
Income before income taxes | 2,906 | 1,715 |
Income tax expense | 505 | 212 |
Net income | $ 2,401 | $ 1,503 |
Basic and diluted earnings per share (in dollars per share) | $ 0.80 | $ 0.55 |
Deposit Account [Member] | ||
Noninterest income | ||
Noninterest income (in scope of Topic 606) | $ 307 | $ 373 |
Debit Card [Member] | ||
Noninterest income | ||
Noninterest income (in scope of Topic 606) | $ 456 | $ 391 |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | |||
Sep. 30, 2020 | Sep. 30, 2019 | |||
Net income | $ 2,401 | $ 1,503 | ||
Other comprehensive income, net of tax: | ||||
Unrealized gains arising during the period | 70 | [1],[2] | 818 | |
Reclassification adjustment for gains included in income | (106) | [1],[2] | ||
Net unrealized gains | 70 | 712 | ||
Income tax effect | (14) | (149) | ||
Other comprehensive income | 56 | 563 | ||
Total comprehensive income | $ 2,457 | $ 2,066 | ||
[1] | Income tax expense | |||
[2] | Securities (gains) losses, net |
Condensed Consolidated Statemen
Condensed Consolidated Statements of Changes in Shareholders' Equity (Unaudited) - USD ($) $ in Thousands | Common Stock [Member] | Retained Earnings [Member] | Treasury Stock [Member] | AOCI Attributable to Parent [Member] | Total |
Balance at Jun. 30, 2019 | $ 14,656 | $ 36,487 | $ (1,543) | $ 1,566 | $ 51,166 |
Net income | 1,503 | 1,503 | |||
Other comprehensive income (loss) | 563 | 563 | |||
Shares associated with stock awards | 41 | 89 | 130 | ||
Cash dividends declared | (369) | (369) | |||
Balance at Sep. 30, 2019 | 14,697 | 37,621 | (1,454) | 2,129 | 52,993 |
Balance at Jun. 30, 2020 | 19,974 | 40,460 | (1,454) | 4,260 | 63,240 |
Net income | 2,401 | 2,401 | |||
Other comprehensive income (loss) | 56 | 56 | |||
Shares associated with stock awards | 37 | 130 | 167 | ||
Cash dividends declared | (437) | (437) | |||
Balance at Sep. 30, 2020 | $ 20,011 | $ 42,424 | $ (1,324) | $ 4,316 | $ 65,427 |
Condensed Consolidated Statem_2
Condensed Consolidated Statements of Changes in Shareholders' Equity (Unaudited) (Parentheticals) - $ / shares | 3 Months Ended | |
Sep. 30, 2020 | Sep. 30, 2019 | |
Shares associated with stock awards (in shares) | 12,522 | 11,813 |
Common stock, dividends, per share, declared (in dollars per share) | $ 0.145 | $ 0.135 |
Condensed Consolidated Statem_3
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | |
Sep. 30, 2020 | Sep. 30, 2019 | |
Cash flows from operating activities | ||
Net cash from operating activities | $ 1,041 | $ 806 |
Cash flow from investing activities | ||
Purchases of securities, available-for-sale | (500) | (2,318) |
Maturities, calls and principal pay downs of securities, available-for-sale | 7,355 | 4,893 |
Sale of securities, available-for-sale | 4,460 | |
Principal pay downs of securities, held-to-maturity | 100 | 100 |
Net decrease in certificate of deposit in other financial institutions | 2,763 | 490 |
Net increase in loans | (19,327) | (14,654) |
Proceeds from BOLI death benefit | 753 | |
Premises and equipment purchases | (106) | (48) |
Sale of other repossessed assets | 8 | |
Net cash from investing activities | (9,707) | (6,324) |
Cash flow from financing activities | ||
Net increase in deposit accounts | 6,743 | 15,260 |
Net change in short-term borrowings | 1,471 | 68 |
Proceeds from Federal Home Loan Bank advances | 1,300 | 1,500 |
Repayments of Federal Home Loan Bank advances | (1,562) | (7,900) |
Dividends paid | (437) | (369) |
Net cash from financing activities | 7,515 | 8,559 |
Increase (decrease) in cash or cash equivalents | (1,151) | 3,041 |
Cash and cash equivalents, beginning of period | 9,659 | 9,461 |
Cash and cash equivalents, end of period | 8,508 | 12,502 |
Supplemental disclosure of cash flow information: | ||
Interest | 652 | 1,050 |
Federal income taxes | 300 | |
Non-cash items: | ||
Issuance of treasury stock for stock awards | 167 | 89 |
Right of use assets obtained in exchange for lease liabilities | $ 582 |
Note 1 - Summary of Significant
Note 1 - Summary of Significant Accounting Policies | 3 Months Ended |
Sep. 30, 2020 | |
Notes to Financial Statements | |
Organization, Consolidation and Presentation of Financial Statements Disclosure and Significant Accounting Policies [Text Block] | Note 1 Nature of Operations: Basis of Presentation 10 not 10 June 30, 2020. not may The consolidated financial statements include the accounts of the Corporation and the Bank. All significant inter-company transactions and accounts have been eliminated in consolidation. Segment Information: one Acquisition: Reclassifications: no Recently Issued Accounting Pronouncements Not June 2016, 2016 13, 326 326 2016 13 2016 13 December 15, 2019. December 15, 2018, July 2019, January 2023 October 16, 2019, December 15, 2022 |
Note 2 - Acquisition
Note 2 - Acquisition | 3 Months Ended |
Sep. 30, 2020 | |
Notes to Financial Statements | |
Business Combination Disclosure [Text Block] | Note 2 On June 14, 2019, January 1, 2020, $10,405. 269,920 $5,128 On December 31, 2019, $72,016 $55,273 $60,826 three January 1, 2020, The following table summarizes the estimated fair values of the assets acquired and liabilities assumed at the date of acquisition of Peoples. The core deposit intangible will be amortized over ten not Consideration Paid $ 10,405 Net assets acquired: Cash and cash equivalents $ 833 Certificates of deposit in other financial institutions 11,839 Securities, available-for-sale 4,051 Federal bank and other restricted stocks, at cost 154 Loans, net 55,320 Premises and equipment 818 Core deposit intangible 270 Accrued interest receivable and other assets 140 Noninterest-bearing deposits (11,979 ) Interest-bearing deposits (48,872 ) Federal funds purchased (2,348 ) Federal Home Loan Bank advances (491 ) Other liabilities (166 ) Total net assets acquired 9,569 Goodwill $ 836 The acquired assets and liabilities were measured at estimated fair values. Management made certain estimates and exercised judgement in accounting for the acquisition. The fair value of loans was estimated using discounted contractual cash flows. The book balance of the loans at the time of the acquisition was $55,273 not 890 $937. $827 $680 twelve June 30, 2020. one |
Note 3 - Securities
Note 3 - Securities | 3 Months Ended |
Sep. 30, 2020 | |
Notes to Financial Statements | |
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block] | Note 3 – Securities Available –for-Sale Amortized Gross Gross Fair September 30, 2020 U.S. Treasury $ 749 $ 4 $ — $ 753 Obligations of U.S. government-sponsored entities and agencies 9,880 372 — 10,252 Obligations of state and political subdivisions 60,795 3,238 (12 ) 64,021 U.S. Government-sponsored mortgage-backed securities–residential 44,540 1,588 (10 ) 46,118 U.S. Government-sponsored mortgage-backed securities– commercial 7,913 72 (4 ) 7,981 U.S. Government-sponsored collateralized mortgage obligations– residential 7,563 225 (10 ) 7,778 Total available-for-sale securities $ 131,440 $ 5,499 $ (36 ) $ 136,903 Held-to-Maturity Amortized Gross Gross Losses Fair September 30, 2020 Obligations of state and political subdivisions $ 3,441 $ 293 $ — $ 3,734 Total held-to-maturity securities $ 3,441 $ 293 $ — $ 3,734 Available–for-Sale Amortized Gross Gross Fair June 30, 20 20 U.S. Treasury $ 1,248 $ 8 $ — $ 1,256 Obligations of U.S. government-sponsored entities and agencies 10,133 399 — 10,532 Obligations of state and political subdivisions 60,343 3,149 — 63,492 U.S. government-sponsored mortgage-backed securities - residential 48,645 1,515 (4 ) 50,156 U.S. government-sponsored mortgage-backed securities - commercial 8,444 55 (2 ) 8,497 U.S. government-sponsored collateralized mortgage obligations - residential 9,712 285 (12 ) 9,985 Total available-for-sale securities $ 138,525 $ 5,411 $ (18 ) $ 143,918 Held-to-Maturity Amortized Gross Gross Fair June 30, 20 20 Obligations of state and political subdivisions $ 3,541 $ 327 $ — $ 3,868 Total held-to-maturity securities $ 3,541 $ 327 $ — $ 3,868 Proceeds from the sale and call of available-for-sale securities were as follows: Three Months Ended September 30, 2020 2019 Proceeds from sales and calls $ — $ 4,460 Gross realized gains — 106 The income tax provision related to the net realized gains amounted to $22 three September 30, 2019. The amortized cost and fair values of debt securities at September 30, 2020, may not Available-for-Sale Amortized Cost Estimated Fair Value Due in one year or less $ 6,532 $ 6,558 Due after one year through five years 17,026 17,611 Due after five years through ten years 15,159 15,865 Due after ten years 32,707 34,992 Total 71,424 75,026 U.S. Government-sponsored mortgage-backed and related securities 60,016 61,877 Total available-for-sale securities $ 131,440 $ 136,903 Held-to-Maturity Due after five years through ten years $ 373 $ 397 Due after ten years 3,068 3,337 Total held-to-maturity securities $ 3,441 $ 3,734 The following table summarizes the securities with unrealized losses at September 30, 2020 June 30, 2020, Less than 12 Months 12 Months or more Total Available-for-sale Fair Unrealized Fair Unrealized Fair Unrealized September 30 , 20 20 Obligations of states and political subdivisions $ 1,061 $ (12 ) $ — $ — $ 1,061 $ (12 ) U.S. Government-sponsored mortgage-backed securities – residential 1,306 (10 ) — — 1,306 (10 ) U.S. Government-sponsored mortgage-backed securities- commercial 1,654 (4 ) — — 1,654 (4 ) U.S. Government-sponsored collateralized mortgage obligations - residential 1,263 (10 ) — — 1,263 (10 ) Total temporarily impaired $ 5,284 $ (36 ) $ — $ — $ 5,284 $ (36 ) Less than 12 Months 12 Months or more Total Available-for-sale Fair Unrealized Fair Unrealized Fair Unrealized June 30, 20 20 U.S. Government-sponsored mortgage-backed securities – residential — — 625 (4 ) 625 (4 ) U.S. Government-sponsored mortgage-backed securities – commercial 1,806 (2 ) — — 1,806 (2 ) U.S. Government-sponsored collateralized mortgage obligations - residential 1,700 (12 ) — — 1,700 (12 ) Total temporarily impaired $ 3,506 $ (14 ) $ 625 $ (4 ) $ 4,131 $ (18 ) Management evaluates securities for other-than-temporary impairment (OTTI) on a quarterly basis, and more frequently when economic or market conditions warrant such an evaluation. The securities portfolio is evaluated for OTTI by segregating the portfolio into two 320, Accounting for Certain Investments in Debt and Equity Securities In determining OTTI under the ASC Topic 320 1 2 3 4 not The unrealized losses within the securities portfolio as of September 30, 2020 not not not not not |
Note 4 - Loans
Note 4 - Loans | 3 Months Ended |
Sep. 30, 2020 | |
Notes to Financial Statements | |
Loans, Notes, Trade and Other Receivables Disclosure [Text Block] | Note 4 – Loans Major classifications of loans were as follows: September 30, 2020 June 30, 2020 Commercial $ 176,838 $ 158,667 Commercial real estate: Construction 8,809 16,235 Other 239,613 229,029 1 – 4 Family residential real estate: Owner occupied 90,311 90,494 Non-owner occupied 19,907 19,370 Construction 5,860 9,344 Consumer 21,765 21,334 Subtotal 563,103 544,473 Net Deferred loan fees and costs (965 ) (1,612 ) Allowance for loan losses (5,767 ) (5,678 ) Net Loans $ 556,371 $ 537,183 The above table includes PPP loans of $68,788 September 30, 2020 $66,606 June 30, 2020 The following table presents the activity in the allowance for loan losses by portfolio segment for the three September 30, 2020: 1-4 Family Commercial Residential Real Real Commercial Estate Estate Consumer Total Allowance for loan losses: Beginning balance $ 947 $ 3,623 $ 989 $ 119 $ 5,678 Provision for loan losses 15 70 8 37 130 Loans charged-off (22 ) — — (44 ) (66 ) Recoveries — 1 — 24 25 Total ending allowance balance $ 940 $ 3,694 $ 997 $ 136 $ 5,767 The following table presents the activity in the allowance for loan losses by portfolio segment for the three September 30, 2019: 1-4 Family Commercial Residential Real Real Commercial Estate Estate Consumer Total Allowance for loan losses: Beginning balance $ 660 $ 2,575 $ 494 $ 59 $ 3,788 Provision for loan losses (11 ) 69 56 16 130 Loans charged-off — — — (16 ) (16 ) Recoveries — 1 — 6 7 Total ending allowance balance $ 649 $ 2,645 $ 550 $ 65 $ 3,909 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 September 30, 2020. $1,759 1-4 Family Commercial Residential Real Real Commercial Estate Estate Consumer Total Allowance for loan losses: Ending allowance balance attributable to loans: Individually evaluated for impairment $ 3 $ 5 $ — $ — $ 8 Acquired loans collectively evaluated for impairment — 103 89 — 192 Originated loans collectively evaluated for impairment 937 3,586 908 136 5,567 Total ending allowance balance $ 940 $ 3,694 $ 997 $ 136 $ 5,767 Recorded investment in loans: Loans individually evaluated for impairment $ 154 $ 1,031 $ 914 $ — $ 2,099 Acquired loans collectively evaluated for impairment 882 8,097 25,553 10,892 45,424 Originated loans collectively evaluated for impairment 175,283 239,667 90,513 10,911 516,374 Total ending loans balance $ 176,319 $ 248,795 $ 116,980 $ 21,803 $ 563,897 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, 2020. $1,936 1-4 Family Commercial Residential Real Real Commercial Estate Estate Consumer Total Allowance for loan losses: Ending allowance balance attributable to loans: Individually evaluated for impairment $ 28 $ 6 $ — $ — $ 34 Acquired loans collectively evaluated for impairment — 103 94 — 197 Originated loans collectively evaluated for impairment 919 3,514 895 119 5,447 Total ending allowance balance $ 947 $ 3,623 $ 989 $ 119 $ 5,678 Recorded investment in loans: Loans individually evaluated for impairment $ 179 $ 1,045 $ 699 $ — $ 1,923 Acquired loans collectively evaluated for impairment 1,095 8,072 27,252 12,550 48,969 Originated loans collectively evaluated for impairment 156,054 236,840 92,168 8,843 493,905 Total ending loans balance $ 157,328 $ 245,957 $ 120,119 $ 21,393 $ 544,797 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 September 30, 2020 three September 30, 2020: As of September 30, 2020 Three Months ended September 30, 2020 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 real estate: Other $ 913 $ 825 $ — $ 826 $ 1 $ 1 1-4 Family residential real estate: Owner occupied 830 689 — 539 6 6 Non-owner occupied 279 225 — 229 — — With an allowance recorded: Commercial 152 154 3 171 2 2 Commercial real estate: Other 205 206 5 206 3 3 Total $ 2,379 $ 2,099 $ 8 $ 1,971 $ 12 $ 12 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, 2020 three September 30, 2019: As of June 30, 2020 Three Months ended September 30, 2019 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 real estate: Other $ 922 $ 836 $ — $ 362 $ 86 $ 86 1-4 Family residential real estate: Owner occupied 604 463 — 39 7 7 Non-owner occupied 284 236 — 257 — — With an allowance recorded: Commercial 176 179 28 170 3 3 Commercial real estate: Other 209 209 6 220 3 3 Total $ 2,195 $ 1,923 $ 34 $ 1,048 $ 99 $ 99 The following table presents the recorded investment in non-accrual and loans past due over 90 September 30, 2020 June 30, 2020: September 30, 2020 June 30, 2020 Loans Past Due Loans Past Due Over 90 Days Over 90 Days Still Still Non-accrual Accruing Non-accrual Accruing Commercial $ — $ — $ 21 $ — Commercial real estate: Other 774 — 785 — 1 – 4 Family residential: Owner occupied 369 — 143 29 Non-owner occupied 226 — 236 — Consumer — — — 12 Total $ 1,369 $ — $ 1,185 $ 41 Non-accrual loans and loans past due 90 The following table presents the aging of the recorded investment in past due loans as of September 30, 2020 Days Past Due 30 - 59 60 - 89 90 Days or Total Loans Not Days Days Greater Past Due Past Due Total Commercial $ — $ — $ — $ — $ 176,319 $ 176,319 Commercial real estate: Construction — — — — 8,810 8,810 Other — — 629 629 239,356 239,985 1-4 Family residential: Owner occupied 234 — 369 603 90,498 91,101 Non-owner occupied — — — — 19,934 19,934 Construction — — — — 5,945 5,945 Consumer 105 16 — 121 21,682 21,803 Total $ 339 $ 16 $ 998 $ 1,353 $ 562,544 $ 563,897 The above table of past due loans includes the recorded investment in non-accrual loans of $998 90 $371 not The following table presents the aging of the recorded investment in past due loans as of June 30, 2020 Days Past Due 30 - 59 60 - 89 90 Days or Total Loans Not Days Days Greater Past Due Past Due Total Commercial $ — $ — $ 21 $ 21 $ 157,307 $ 157,328 Commercial real estate: Construction — — — — 16,241 16,241 Other — 2 628 630 229,086 229,716 1-4 Family residential: Owner occupied — — 172 172 91,102 91,274 Non-owner occupied — — — — 19,410 19,410 Construction — — — — 9,435 9,435 Consumer 127 49 12 188 21,205 21,393 Total $ 127 $ 51 $ 833 $ 1,011 $ 543,786 $ 544,797 The above table of past due loans includes the recorded investment in non-accrual loans of $2 60 89 $792 90 $391 not Troubled Debt Restructurings (TDR) : The Corporation has certain loans that have been modified in order to maximize collection of loan balances that are classified as TDRs. A modified loan is usually classified as a TDR if, for economic reasons, management grants a concession to the original terms and conditions of the loan to a borrower who is experiencing financial difficulties that it would not 19, March 22, 2020 not March 22, 2020, 90 90 19 not September 30, 2020, 19 438 $79,961 not October 31, 2020, 11 $473 As of September 30, 2020 June 30, 2020, $956 $974, September 30, 2020 2019, not September 30, 2020 June 30, 2020, $8 $12, During the three September 30, 2020 2019, no no three September 30, 2020 2019. There were no 12 three September 30, 2020 2019. 90 Credit Quality Indicators: The Corporation categorizes loans into risk categories based on relevant information about the ability of borrowers to service their debt such as: current financial information, historical payment experience, credit documentation, public information, current economic trends and other relevant information. The Corporation analyzes loans individually by classifying the loans as to credit risk. This analysis includes loans with a total outstanding loan relationship greater than $100 Special Mention. may Substandard. not Doubtful. Loans not not $100 1 4 not As of September 30, 2020 Special Not Pass Mention Substandard Doubtful Rated Commercial $ 171,905 $ 140 $ 3,992 $ — $ 282 Commercial real estate: Construction 8,810 — — — — Other 230,260 2,052 5,292 774 1,607 1-4 Family residential real estate: Owner occupied 2,307 — 334 — 88,460 Non-owner occupied 18,959 178 217 226 354 Construction 1,378 — — — 4,567 Consumer 119 — — — 21,684 Total $ 433,738 $ 2,370 $ 9,835 $ 1,000 $ 116,954 As of June 30, 2020, As of June 30, 2020 Special Not Pass Mention Substandard Doubtful Rated Commercial $ 152,911 $ 143 $ 3,979 $ 21 $ 274 Commercial real estate: Construction 16,241 — — — — Other 220,311 1,469 5,378 785 1,773 1-4 Family residential real estate: Owner occupied 2,419 — 334 — 88,521 Non-owner occupied 18,435 186 223 236 330 Construction 3,234 — — — 6,201 Consumer 153 — — — 21,240 Total $ 413,704 $ 1,798 $ 9,914 $ 1,042 $ 118,339 |
Note 5 - Fair Value
Note 5 - Fair Value | 3 Months Ended |
Sep. 30, 2020 | |
Notes to Financial Statements | |
Fair Value Disclosures [Text Block] | Note 5 - Fair Value 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: Fair Value Measurements at September 30, 2020 Using Balance at September 30, 2020 Level 1 Level 2 Level 3 Assets: U.S. Treasury $ 753 $ — $ 753 $ — Obligations of U.S. government-sponsored entities and agencies 10,252 — 10,252 — Obligations of states and political subdivisions 64,021 — 64,021 — U.S. Government-sponsored mortgage-backed securities – residential 46,118 — 46,118 — U.S. Government-sponsored mortgage-backed securities – commercial 7,981 — 7,981 — U.S. Government-sponsored collateralized mortgage obligations - residential 7,778 — 7,778 — Fair Value Measurements at June 30, 2020 Using Balance at June 30, 2020 Level 1 Level 2 Level 3 Assets: Securities available-for-sale: Obligations of U.S. Treasury $ 1,256 $ — $ 1,256 $ — Obligations of government-sponsored entities 10,532 — 10,532 — Obligations of states and political subdivisions 63,492 — 63,492 — U.S. Government-sponsored mortgage-backed securities - residential 50,156 — 50,156 — U.S. Government-sponsored mortgage-backed securities – commercial 8,497 — 8,497 — U.S. Government-sponsored collateralized mortgage obligations 9,985 — 9,985 — There were no 1 2 three September 30, 2020 2019. Certain assets and liabilities are measured at fair value on a non-recurring basis; that is, the instruments are not Impaired Loans: may 3 no September 30, 2020 June 30, 2020 no three September 30, 2020 September 30, 2019. Other Real Estate and Repossessed Assets Owned: no September 30, 2020 June 30, 2020. The following table shows the estimated fair values of financial instruments that are reported at amortized cost in the Corporation's consolidated balance sheets, segregated by the level of the valuation inputs within the fair value hierarchy utilized to measure fair value: September 30, 20 20 June 30, 20 20 Carrying Estimated Carrying Estimated Financial Assets: Level 1 inputs: Cash and cash equivalents $ 8,508 $ 8,508 $ 9,659 $ 9,659 Level 2 inputs: Certificates of deposit in other financial institutions 8,872 9,121 11,635 11,889 Loans held for sale 5,729 5,854 3,507 3,566 Accrued interest receivable 2,593 2,593 2,646 2,646 Level 3 inputs: Securities held-to-maturity 3,441 3,734 3,541 3,868 Loans, net 556,371 571,676 537,183 548,247 Financial Liabilities: Level 2 inputs: Demand and savings deposits 524,832 524,832 517,973 517,973 Time deposits 115,266 115,938 115,382 116,238 Short-term borrowings 8,414 8,414 6,943 6,943 Federal Home Loan Bank advances 30,899 31,261 31,161 31,571 Accrued interest payable 108 108 107 107 |
Note 6 - Earnings Per Share
Note 6 - Earnings Per Share | 3 Months Ended |
Sep. 30, 2020 | |
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 11,461 three September 30, 2020. 4,062 three September 30, 2019. For the Three Months Ended September 30 , 20 20 201 9 Basic: Net income available to common shareholders $ 2,401 $ 1,503 Weighted average common shares outstanding 3,010,844 2,734,578 Basic income per share $ 0.80 $ 0.55 Diluted: Net income available to common shareholders $ 2,401 $ 1,503 Weighted average common shares outstanding 3,010,844 2,734,578 Dilutive effect of restricted stock — — Total common shares and dilutive potential common shares 3,010,844 2,734,578 Dilutive income per share $ 0.80 $ 0.55 |
Note 7 - Accumulated Other Comp
Note 7 - Accumulated Other Comprehensive Income (Loss) | 3 Months Ended |
Sep. 30, 2020 | |
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 September 30, 2020 2019, Pretax Tax Effect After-tax Affected Line Item in Consolidated Statements of Income Balance as of June 30, 2020 $ 5,393 $ (1,133 ) $ 4,260 Unrealized holding gain on available-for-sale securities arising during the period 70 (14 ) 56 (a)(b) Balance as of September 30, 2020 $ 5,463 $ (1,147 ) $ 4,316 Balance as of June 30, 2019 $ 1,982 $ (416 ) $ 1,566 Unrealized holding gain on available-for-sale securities arising during the period 818 (171 ) 647 Amounts reclassified from accumulated other comprehensive income (106 ) 22 (84 ) (a)(b) Net current period other comprehensive income 712 (149 ) 563 Balance after reclassification as of September 30, 2019 $ 2,694 $ (565 ) $ 2,129 (a) Securities (gains) losses, net (b) Income tax expense |
Note 8 - COVID-19
Note 8 - COVID-19 | 3 Months Ended |
Sep. 30, 2020 | |
COVID 19 [Member] | |
Notes to Financial Statements | |
Unusual or Infrequent Items, or Both, Disclosure [Text Block] | Note 8 – COVID- 19 In December 2019, March 11, 2020. may may 19, |
Significant Accounting Policies
Significant Accounting Policies (Policies) | 3 Months Ended |
Sep. 30, 2020 | |
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, 2020. not may The consolidated financial statements include the accounts of the Corporation and the Bank. All significant inter-company transactions and accounts have been eliminated in consolidation. |
Segment Reporting, Policy [Policy Text Block] | Segment Information: one |
Business Combinations Policy [Policy Text Block] | Acquisition: |
Reclassification, Comparability Adjustment [Policy Text Block] | Reclassifications: no |
New Accounting Pronouncements, Policy [Policy Text Block] | Recently Issued Accounting Pronouncements Not June 2016, 2016 13, 326 326 2016 13 2016 13 December 15, 2019. December 15, 2018, July 2019, January 2023 October 16, 2019, December 15, 2022 |
Note 2 - Acquisition (Tables)
Note 2 - Acquisition (Tables) | 3 Months Ended |
Sep. 30, 2020 | |
Notes Tables | |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block] | Consideration Paid $ 10,405 Net assets acquired: Cash and cash equivalents $ 833 Certificates of deposit in other financial institutions 11,839 Securities, available-for-sale 4,051 Federal bank and other restricted stocks, at cost 154 Loans, net 55,320 Premises and equipment 818 Core deposit intangible 270 Accrued interest receivable and other assets 140 Noninterest-bearing deposits (11,979 ) Interest-bearing deposits (48,872 ) Federal funds purchased (2,348 ) Federal Home Loan Bank advances (491 ) Other liabilities (166 ) Total net assets acquired 9,569 Goodwill $ 836 |
Note 3 - Securities (Tables)
Note 3 - Securities (Tables) | 3 Months Ended |
Sep. 30, 2020 | |
Notes Tables | |
Marketable Securities [Table Text Block] | Available –for-Sale Amortized Gross Gross Fair September 30, 2020 U.S. Treasury $ 749 $ 4 $ — $ 753 Obligations of U.S. government-sponsored entities and agencies 9,880 372 — 10,252 Obligations of state and political subdivisions 60,795 3,238 (12 ) 64,021 U.S. Government-sponsored mortgage-backed securities–residential 44,540 1,588 (10 ) 46,118 U.S. Government-sponsored mortgage-backed securities– commercial 7,913 72 (4 ) 7,981 U.S. Government-sponsored collateralized mortgage obligations– residential 7,563 225 (10 ) 7,778 Total available-for-sale securities $ 131,440 $ 5,499 $ (36 ) $ 136,903 Held-to-Maturity Amortized Gross Gross Losses Fair September 30, 2020 Obligations of state and political subdivisions $ 3,441 $ 293 $ — $ 3,734 Total held-to-maturity securities $ 3,441 $ 293 $ — $ 3,734 Available–for-Sale Amortized Gross Gross Fair June 30, 20 20 U.S. Treasury $ 1,248 $ 8 $ — $ 1,256 Obligations of U.S. government-sponsored entities and agencies 10,133 399 — 10,532 Obligations of state and political subdivisions 60,343 3,149 — 63,492 U.S. government-sponsored mortgage-backed securities - residential 48,645 1,515 (4 ) 50,156 U.S. government-sponsored mortgage-backed securities - commercial 8,444 55 (2 ) 8,497 U.S. government-sponsored collateralized mortgage obligations - residential 9,712 285 (12 ) 9,985 Total available-for-sale securities $ 138,525 $ 5,411 $ (18 ) $ 143,918 Held-to-Maturity Amortized Gross Gross Fair June 30, 20 20 Obligations of state and political subdivisions $ 3,541 $ 327 $ — $ 3,868 Total held-to-maturity securities $ 3,541 $ 327 $ — $ 3,868 |
Schedule of Realized Gain (Loss) [Table Text Block] | Three Months Ended September 30, 2020 2019 Proceeds from sales and calls $ — $ 4,460 Gross realized gains — 106 |
Investments Classified by Contractual Maturity Date [Table Text Block] | Available-for-Sale Amortized Cost Estimated Fair Value Due in one year or less $ 6,532 $ 6,558 Due after one year through five years 17,026 17,611 Due after five years through ten years 15,159 15,865 Due after ten years 32,707 34,992 Total 71,424 75,026 U.S. Government-sponsored mortgage-backed and related securities 60,016 61,877 Total available-for-sale securities $ 131,440 $ 136,903 Held-to-Maturity Due after five years through ten years $ 373 $ 397 Due after ten years 3,068 3,337 Total held-to-maturity securities $ 3,441 $ 3,734 |
Schedule of Unrealized Loss on Investments [Table Text Block] | Less than 12 Months 12 Months or more Total Available-for-sale Fair Unrealized Fair Unrealized Fair Unrealized September 30 , 20 20 Obligations of states and political subdivisions $ 1,061 $ (12 ) $ — $ — $ 1,061 $ (12 ) U.S. Government-sponsored mortgage-backed securities – residential 1,306 (10 ) — — 1,306 (10 ) U.S. Government-sponsored mortgage-backed securities- commercial 1,654 (4 ) — — 1,654 (4 ) U.S. Government-sponsored collateralized mortgage obligations - residential 1,263 (10 ) — — 1,263 (10 ) Total temporarily impaired $ 5,284 $ (36 ) $ — $ — $ 5,284 $ (36 ) Less than 12 Months 12 Months or more Total Available-for-sale Fair Unrealized Fair Unrealized Fair Unrealized June 30, 20 20 U.S. Government-sponsored mortgage-backed securities – residential — — 625 (4 ) 625 (4 ) U.S. Government-sponsored mortgage-backed securities – commercial 1,806 (2 ) — — 1,806 (2 ) U.S. Government-sponsored collateralized mortgage obligations - residential 1,700 (12 ) — — 1,700 (12 ) Total temporarily impaired $ 3,506 $ (14 ) $ 625 $ (4 ) $ 4,131 $ (18 ) |
Note 4 - Loans (Tables)
Note 4 - Loans (Tables) | 3 Months Ended |
Sep. 30, 2020 | |
Notes Tables | |
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] | September 30, 2020 June 30, 2020 Commercial $ 176,838 $ 158,667 Commercial real estate: Construction 8,809 16,235 Other 239,613 229,029 1 – 4 Family residential real estate: Owner occupied 90,311 90,494 Non-owner occupied 19,907 19,370 Construction 5,860 9,344 Consumer 21,765 21,334 Subtotal 563,103 544,473 Net Deferred loan fees and costs (965 ) (1,612 ) Allowance for loan losses (5,767 ) (5,678 ) Net Loans $ 556,371 $ 537,183 |
Financing Receivable, Allowance for Credit Loss [Table Text Block] | 1-4 Family Commercial Residential Real Real Commercial Estate Estate Consumer Total Allowance for loan losses: Beginning balance $ 947 $ 3,623 $ 989 $ 119 $ 5,678 Provision for loan losses 15 70 8 37 130 Loans charged-off (22 ) — — (44 ) (66 ) Recoveries — 1 — 24 25 Total ending allowance balance $ 940 $ 3,694 $ 997 $ 136 $ 5,767 1-4 Family Commercial Residential Real Real Commercial Estate Estate Consumer Total Allowance for loan losses: Beginning balance $ 660 $ 2,575 $ 494 $ 59 $ 3,788 Provision for loan losses (11 ) 69 56 16 130 Loans charged-off — — — (16 ) (16 ) Recoveries — 1 — 6 7 Total ending allowance balance $ 649 $ 2,645 $ 550 $ 65 $ 3,909 1-4 Family Commercial Residential Real Real Commercial Estate Estate Consumer Total Allowance for loan losses: Ending allowance balance attributable to loans: Individually evaluated for impairment $ 3 $ 5 $ — $ — $ 8 Acquired loans collectively evaluated for impairment — 103 89 — 192 Originated loans collectively evaluated for impairment 937 3,586 908 136 5,567 Total ending allowance balance $ 940 $ 3,694 $ 997 $ 136 $ 5,767 Recorded investment in loans: Loans individually evaluated for impairment $ 154 $ 1,031 $ 914 $ — $ 2,099 Acquired loans collectively evaluated for impairment 882 8,097 25,553 10,892 45,424 Originated loans collectively evaluated for impairment 175,283 239,667 90,513 10,911 516,374 Total ending loans balance $ 176,319 $ 248,795 $ 116,980 $ 21,803 $ 563,897 1-4 Family Commercial Residential Real Real Commercial Estate Estate Consumer Total Allowance for loan losses: Ending allowance balance attributable to loans: Individually evaluated for impairment $ 28 $ 6 $ — $ — $ 34 Acquired loans collectively evaluated for impairment — 103 94 — 197 Originated loans collectively evaluated for impairment 919 3,514 895 119 5,447 Total ending allowance balance $ 947 $ 3,623 $ 989 $ 119 $ 5,678 Recorded investment in loans: Loans individually evaluated for impairment $ 179 $ 1,045 $ 699 $ — $ 1,923 Acquired loans collectively evaluated for impairment 1,095 8,072 27,252 12,550 48,969 Originated loans collectively evaluated for impairment 156,054 236,840 92,168 8,843 493,905 Total ending loans balance $ 157,328 $ 245,957 $ 120,119 $ 21,393 $ 544,797 |
Impaired Financing Receivables [Table Text Block] | As of September 30, 2020 Three Months ended September 30, 2020 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 real estate: Other $ 913 $ 825 $ — $ 826 $ 1 $ 1 1-4 Family residential real estate: Owner occupied 830 689 — 539 6 6 Non-owner occupied 279 225 — 229 — — With an allowance recorded: Commercial 152 154 3 171 2 2 Commercial real estate: Other 205 206 5 206 3 3 Total $ 2,379 $ 2,099 $ 8 $ 1,971 $ 12 $ 12 As of June 30, 2020 Three Months ended September 30, 2019 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 real estate: Other $ 922 $ 836 $ — $ 362 $ 86 $ 86 1-4 Family residential real estate: Owner occupied 604 463 — 39 7 7 Non-owner occupied 284 236 — 257 — — With an allowance recorded: Commercial 176 179 28 170 3 3 Commercial real estate: Other 209 209 6 220 3 3 Total $ 2,195 $ 1,923 $ 34 $ 1,048 $ 99 $ 99 |
Financing Receivable, Past Due [Table Text Block] | September 30, 2020 June 30, 2020 Loans Past Due Loans Past Due Over 90 Days Over 90 Days Still Still Non-accrual Accruing Non-accrual Accruing Commercial $ — $ — $ 21 $ — Commercial real estate: Other 774 — 785 — 1 – 4 Family residential: Owner occupied 369 — 143 29 Non-owner occupied 226 — 236 — Consumer — — — 12 Total $ 1,369 $ — $ 1,185 $ 41 Days Past Due 30 - 59 60 - 89 90 Days or Total Loans Not Days Days Greater Past Due Past Due Total Commercial $ — $ — $ — $ — $ 176,319 $ 176,319 Commercial real estate: Construction — — — — 8,810 8,810 Other — — 629 629 239,356 239,985 1-4 Family residential: Owner occupied 234 — 369 603 90,498 91,101 Non-owner occupied — — — — 19,934 19,934 Construction — — — — 5,945 5,945 Consumer 105 16 — 121 21,682 21,803 Total $ 339 $ 16 $ 998 $ 1,353 $ 562,544 $ 563,897 Days Past Due 30 - 59 60 - 89 90 Days or Total Loans Not Days Days Greater Past Due Past Due Total Commercial $ — $ — $ 21 $ 21 $ 157,307 $ 157,328 Commercial real estate: Construction — — — — 16,241 16,241 Other — 2 628 630 229,086 229,716 1-4 Family residential: Owner occupied — — 172 172 91,102 91,274 Non-owner occupied — — — — 19,410 19,410 Construction — — — — 9,435 9,435 Consumer 127 49 12 188 21,205 21,393 Total $ 127 $ 51 $ 833 $ 1,011 $ 543,786 $ 544,797 |
Financing Receivable Credit Quality Indicators [Table Text Block] | As of September 30, 2020 Special Not Pass Mention Substandard Doubtful Rated Commercial $ 171,905 $ 140 $ 3,992 $ — $ 282 Commercial real estate: Construction 8,810 — — — — Other 230,260 2,052 5,292 774 1,607 1-4 Family residential real estate: Owner occupied 2,307 — 334 — 88,460 Non-owner occupied 18,959 178 217 226 354 Construction 1,378 — — — 4,567 Consumer 119 — — — 21,684 Total $ 433,738 $ 2,370 $ 9,835 $ 1,000 $ 116,954 As of June 30, 2020 Special Not Pass Mention Substandard Doubtful Rated Commercial $ 152,911 $ 143 $ 3,979 $ 21 $ 274 Commercial real estate: Construction 16,241 — — — — Other 220,311 1,469 5,378 785 1,773 1-4 Family residential real estate: Owner occupied 2,419 — 334 — 88,521 Non-owner occupied 18,435 186 223 236 330 Construction 3,234 — — — 6,201 Consumer 153 — — — 21,240 Total $ 413,704 $ 1,798 $ 9,914 $ 1,042 $ 118,339 |
Note 5 - Fair Value (Tables)
Note 5 - Fair Value (Tables) | 3 Months Ended |
Sep. 30, 2020 | |
Notes Tables | |
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block] | Fair Value Measurements at September 30, 2020 Using Balance at September 30, 2020 Level 1 Level 2 Level 3 Assets: U.S. Treasury $ 753 $ — $ 753 $ — Obligations of U.S. government-sponsored entities and agencies 10,252 — 10,252 — Obligations of states and political subdivisions 64,021 — 64,021 — U.S. Government-sponsored mortgage-backed securities – residential 46,118 — 46,118 — U.S. Government-sponsored mortgage-backed securities – commercial 7,981 — 7,981 — U.S. Government-sponsored collateralized mortgage obligations - residential 7,778 — 7,778 — Fair Value Measurements at June 30, 2020 Using Balance at June 30, 2020 Level 1 Level 2 Level 3 Assets: Securities available-for-sale: Obligations of U.S. Treasury $ 1,256 $ — $ 1,256 $ — Obligations of government-sponsored entities 10,532 — 10,532 — Obligations of states and political subdivisions 63,492 — 63,492 — U.S. Government-sponsored mortgage-backed securities - residential 50,156 — 50,156 — U.S. Government-sponsored mortgage-backed securities – commercial 8,497 — 8,497 — U.S. Government-sponsored collateralized mortgage obligations 9,985 — 9,985 — |
Fair Value, by Balance Sheet Grouping [Table Text Block] | September 30, 20 20 June 30, 20 20 Carrying Estimated Carrying Estimated Financial Assets: Level 1 inputs: Cash and cash equivalents $ 8,508 $ 8,508 $ 9,659 $ 9,659 Level 2 inputs: Certificates of deposit in other financial institutions 8,872 9,121 11,635 11,889 Loans held for sale 5,729 5,854 3,507 3,566 Accrued interest receivable 2,593 2,593 2,646 2,646 Level 3 inputs: Securities held-to-maturity 3,441 3,734 3,541 3,868 Loans, net 556,371 571,676 537,183 548,247 Financial Liabilities: Level 2 inputs: Demand and savings deposits 524,832 524,832 517,973 517,973 Time deposits 115,266 115,938 115,382 116,238 Short-term borrowings 8,414 8,414 6,943 6,943 Federal Home Loan Bank advances 30,899 31,261 31,161 31,571 Accrued interest payable 108 108 107 107 |
Note 6 - Earnings Per Share (Ta
Note 6 - Earnings Per Share (Tables) | 3 Months Ended |
Sep. 30, 2020 | |
Notes Tables | |
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | For the Three Months Ended September 30 , 20 20 201 9 Basic: Net income available to common shareholders $ 2,401 $ 1,503 Weighted average common shares outstanding 3,010,844 2,734,578 Basic income per share $ 0.80 $ 0.55 Diluted: Net income available to common shareholders $ 2,401 $ 1,503 Weighted average common shares outstanding 3,010,844 2,734,578 Dilutive effect of restricted stock — — Total common shares and dilutive potential common shares 3,010,844 2,734,578 Dilutive income per share $ 0.80 $ 0.55 |
Note 7 - Accumulated Other Co_2
Note 7 - Accumulated Other Comprehensive Income (Loss) (Tables) | 3 Months Ended |
Sep. 30, 2020 | |
Notes Tables | |
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block] | Pretax Tax Effect After-tax Affected Line Item in Consolidated Statements of Income Balance as of June 30, 2020 $ 5,393 $ (1,133 ) $ 4,260 Unrealized holding gain on available-for-sale securities arising during the period 70 (14 ) 56 (a)(b) Balance as of September 30, 2020 $ 5,463 $ (1,147 ) $ 4,316 Balance as of June 30, 2019 $ 1,982 $ (416 ) $ 1,566 Unrealized holding gain on available-for-sale securities arising during the period 818 (171 ) 647 Amounts reclassified from accumulated other comprehensive income (106 ) 22 (84 ) (a)(b) Net current period other comprehensive income 712 (149 ) 563 Balance after reclassification as of September 30, 2019 $ 2,694 $ (565 ) $ 2,129 |
Note 1 - Summary of Significa_2
Note 1 - Summary of Significant Accounting Policies (Details Textual) | 3 Months Ended |
Sep. 30, 2020 | |
Number of Reportable Segments | 1 |
Note 2 - Acquisition (Details T
Note 2 - Acquisition (Details Textual) - USD ($) $ in Thousands | Jan. 01, 2020 | Dec. 31, 2019 | Jun. 30, 2020 |
Core Deposits [Member] | |||
Finite-Lived Intangible Asset, Useful Life (Year) | 10 years | ||
Peoples Bancorp of Mt. Pleasant, Inc. [Member] | |||
Business Combination, Consideration Transferred, Total | $ 10,405 | ||
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares (in shares) | 269,920 | ||
Payments to Acquire Businesses, Gross | $ 5,128 | ||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets, Total | $ 72,016 | ||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Loans | 55,273 | ||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deposits | $ 60,826 | ||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Loans, Credit-related Adjustment | (890) | ||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Loans, Non-credit-related Adjustments | $ 937 | ||
Business Combination, Acquisition Related Costs | $ 827 | ||
Business Combination, Acquisition Related Costs, Net of Tax | $ 680 |
Note 2 - Acquisition - Assets A
Note 2 - Acquisition - Assets Acquired and Liabilities Assumed (Details) - USD ($) $ in Thousands | Jan. 01, 2020 | Sep. 30, 2020 | Jun. 30, 2020 |
Goodwill | $ 836 | $ 836 | |
Peoples Bancorp of Mt. Pleasant, Inc. [Member] | |||
Business Combination, Consideration Transferred, Total | $ 10,405 | ||
Cash and cash equivalents | 833 | ||
Certificates of deposit in other financial institutions | 11,839 | ||
Securities, available-for-sale | 4,051 | ||
Federal bank and other restricted stocks, at cost | 154 | ||
Loans, net | 55,320 | ||
Premises and equipment | 818 | ||
Core deposit intangible | 270 | ||
Accrued interest receivable and other assets | 140 | ||
Noninterest-bearing deposits | (11,979) | ||
Interest-bearing deposits | (48,872) | ||
Federal funds purchased | (2,348) | ||
Federal Home Loan Bank advances | (491) | ||
Other liabilities | (166) | ||
Total net assets acquired | 9,569 | ||
Goodwill | $ 836 |
Note 3 - Securities (Details Te
Note 3 - Securities (Details Textual) $ in Thousands | 3 Months Ended |
Sep. 30, 2019USD ($) | |
Available-for-sale Securities Income Tax Provision on Gross Realized Gains | $ 22 |
Note 3 - Securities - Amortized
Note 3 - Securities - Amortized Cost and Fair Value of Securities Available-for-sale and Securities Held-to-maturity (Details) - USD ($) $ in Thousands | Sep. 30, 2020 | Jun. 30, 2020 |
Available-for-sale securities, amortized cost | $ 131,440 | $ 138,525 |
Available-for-sale securities, gross unrealized gains | 5,499 | 5,411 |
Available-for-sale securities, gross unrealized losses | (36) | (18) |
Available-for-sale securities, fair value | 136,903 | 143,918 |
Held-to-maturity, amortized cost | 3,441 | 3,541 |
Held-to-maturity, gross unrecognized gains | 293 | 327 |
Held-to-maturity, gross unrecognized losses | ||
Held-to-maturity, fair value | 3,734 | 3,868 |
US Treasury Securities [Member] | ||
Available-for-sale securities, amortized cost | 749 | 1,248 |
Available-for-sale securities, gross unrealized gains | 4 | 8 |
Available-for-sale securities, gross unrealized losses | ||
Available-for-sale securities, fair value | 753 | 1,256 |
US States and Political Subdivisions Debt Securities [Member] | ||
Available-for-sale securities, amortized cost | 60,795 | 60,343 |
Available-for-sale securities, gross unrealized gains | 3,238 | 3,149 |
Available-for-sale securities, gross unrealized losses | (12) | |
Available-for-sale securities, fair value | 64,021 | 63,492 |
Held-to-maturity, amortized cost | 3,441 | 3,541 |
Held-to-maturity, gross unrecognized gains | 293 | 327 |
Held-to-maturity, gross unrecognized losses | ||
Held-to-maturity, fair value | 3,734 | 3,868 |
US Government-sponsored Enterprises Debt Securities [Member] | ||
Available-for-sale securities, amortized cost | 9,880 | 10,133 |
Available-for-sale securities, gross unrealized gains | 372 | 399 |
Available-for-sale securities, gross unrealized losses | ||
Available-for-sale securities, fair value | 10,252 | 10,532 |
Residential Mortgage Backed Securities [Member] | ||
Available-for-sale securities, amortized cost | 44,540 | 48,645 |
Available-for-sale securities, gross unrealized gains | 1,588 | 1,515 |
Available-for-sale securities, gross unrealized losses | (10) | (4) |
Available-for-sale securities, fair value | 46,118 | 50,156 |
Commercial Mortgage Backed Securities [Member] | ||
Available-for-sale securities, amortized cost | 7,913 | 8,444 |
Available-for-sale securities, gross unrealized gains | 72 | 55 |
Available-for-sale securities, gross unrealized losses | (4) | (2) |
Available-for-sale securities, fair value | 7,981 | 8,497 |
Collateralized Mortgage Obligations [Member] | ||
Available-for-sale securities, amortized cost | 7,563 | 9,712 |
Available-for-sale securities, gross unrealized gains | 225 | 285 |
Available-for-sale securities, gross unrealized losses | (10) | (12) |
Available-for-sale securities, fair value | $ 7,778 | $ 9,985 |
Note 3 - Securities - Proceeds
Note 3 - Securities - Proceeds From Sales and Calls of Available-for-sale Securities (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Sep. 30, 2020 | Sep. 30, 2019 | |
Proceeds from sales and calls | $ 4,460 | |
Gross realized gains | $ 106 |
Note 3 - Securities - Amortiz_2
Note 3 - Securities - Amortized Cost and Fair Values of Debt Securities by Contractual Maturity (Details) - USD ($) $ in Thousands | Sep. 30, 2020 | Jun. 30, 2020 |
Available-for-sale Securities, Debt Maturities, Next Twelve Months, Amortized Cost Basis | $ 6,532 | |
Available-for-sale Securities, Debt Maturities, Next Twelve Months, Fair Value | 6,558 | |
Available-for-sale Securities, Debt Maturities, Year Two Through Five, Amortized Cost Basis | 17,026 | |
Available-for-sale Securities, Debt Maturities, Year Two Through Five, Fair Value | 17,611 | |
Available-for-sale Securities, Debt Maturities, Year Six Through Ten, Amortized Cost Basis | 15,159 | |
Available-for-sale Securities, Debt Maturities, Year Six Through Ten, Fair Value | 15,865 | |
Available-for-sale Securities, Debt Maturities, after Ten Years, Amortized Cost Basis | 32,707 | |
Available-for-sale Securities, Debt Maturities, after Ten Years, Fair Value | 34,992 | |
Available-for-sale Securities, Debt Maturities, Single Maturity Date, Amortized Cost Basis | 71,424 | |
Available-for-sale Securities, Debt Maturities, Single Maturity Date | 75,026 | |
Available-for-sale securities, Amortized Cost Basis | 131,440 | $ 138,525 |
Total available-for-sale securities | 136,903 | 143,918 |
Held-to-maturity Securities, Debt Maturities, after Five Through Ten Years, Net Carrying Amount | 373 | |
Held-to-maturity Securities, Debt Maturities, Year Five Through Ten, Fair Value | 397 | |
Held-to-maturity Securities, Debt Maturities, after Ten Years, Net Carrying Amount | 3,068 | |
Held-to-maturity Securities, Debt Maturities, after Ten Years, Fair Value | 3,337 | |
Total held-to-maturity securities | 3,441 | 3,541 |
Held-to-maturity Securities, Fair Value | 3,734 | $ 3,868 |
U.S. Government-sponsored Mortgage-backed and Related Securities [Member] | ||
Available-for-sale Securities, Debt Maturities, without Single Maturity Date, Amortized Cost Basis | 60,016 | |
Available-for-sale Securities, Debt Maturities, without Single Maturity Date, Fair Value | $ 61,877 |
Note 3 - Securities - Securitie
Note 3 - Securities - Securities With Unrealized and Unrecognized Losses (Details) - USD ($) $ in Thousands | Sep. 30, 2020 | Jun. 30, 2020 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value | $ 5,284 | $ 3,506 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Loss | (36) | (14) |
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value | 625 | |
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Loss | (4) | |
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value | 5,284 | 4,131 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss | (36) | (18) |
US States and Political Subdivisions Debt Securities [Member] | ||
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value | 1,061 | |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Loss | (12) | |
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value | ||
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Loss | ||
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value | 1,061 | |
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss | (12) | |
Residential Mortgage Backed Securities [Member] | ||
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value | 1,306 | |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Loss | (10) | |
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value | 625 | |
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Loss | (4) | |
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value | 1,306 | 625 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss | (10) | (4) |
Commercial Mortgage Backed Securities [Member] | ||
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value | 1,654 | 1,806 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Loss | (4) | (2) |
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value | ||
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Loss | ||
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value | 1,654 | 1,806 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss | (4) | (2) |
Collateralized Mortgage Obligations [Member] | ||
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value | 1,263 | 1,700 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Loss | (10) | (12) |
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value | ||
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Loss | ||
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value | 1,263 | 1,700 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss | $ (10) | $ (12) |
Note 4 - Loans (Details Textual
Note 4 - Loans (Details Textual) $ in Thousands | 3 Months Ended | |||
Sep. 30, 2020USD ($) | Sep. 30, 2019USD ($) | Oct. 31, 2020USD ($) | Jun. 30, 2020USD ($) | |
Loans and Leases Receivable, Gross, Total | $ 563,103 | $ 544,473 | ||
Interest Receivable | 1,759 | 1,936 | ||
Financing Receivable, Nonaccrual | $ 1,369 | 1,185 | ||
Financing Receivable, Number of Loans Deferred Under Loan Modification Program | 438 | |||
Financing Receivable, Deferred Payments | $ 79,961 | |||
Financing Receivable, Troubled Debt Restructuring | 956 | 974 | ||
Financing Receivable, Troubled Debt Restructuring, Commitment to Lend | 0 | $ 0 | ||
Troubled Debt Restructuring, Debtor, Subsequent Periods, Contingent Payments, Amount, Total | $ 8 | 12 | ||
Financing Receivable, Modifications, Number of Contracts | 0 | 0 | ||
Financing Receivables, Impaired, Troubled Debt Restructuring, Write-down | $ 0 | $ 0 | ||
Financing Receivable, Troubled Debt Restructuring, Subsequent Default, Number of Contracts | 0 | 0 | ||
Threshold Amount of Loans Outstanding to Perform Credit Analysis | $ 100 | |||
Subsequent Event [Member] | ||||
Financing Receivable, Number of Loans Deferred Under Loan Modification Program | 11 | |||
Financing Receivable, Deferred Payments | $ 473 | |||
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||||
Financing Receivable, Nonaccrual | 998 | 792 | ||
Financial Asset, 60 to 89 Days Past Due [Member] | ||||
Financing Receivable, Nonaccrual | 2 | |||
Commercial Portfolio Segment [Member] | ||||
Loans and Leases Receivable, Gross, Total | 176,838 | 158,667 | ||
Financing Receivable, Nonaccrual | 21 | |||
Commercial Portfolio Segment [Member] | SBA CARES Act Paycheck Protection Program [Member] | ||||
Loans and Leases Receivable, Gross, Total | 68,788 | 66,606 | ||
Non-accrual Loans [Member] | ||||
Financing Receivable, Nonaccrual | $ 371 | $ 391 |
Note 4 - Loans - Major Classifi
Note 4 - Loans - Major Classifications (Details) - USD ($) $ in Thousands | Sep. 30, 2020 | Jun. 30, 2020 | Sep. 30, 2019 | Jun. 30, 2019 |
Loans and Leases Receivable, Gross, Total | $ 563,103 | $ 544,473 | ||
Net Deferred loan fees and costs | (965) | (1,612) | ||
Allowance for loan losses | (5,767) | (5,678) | $ (3,909) | $ (3,788) |
Net loans | 556,371 | 537,183 | ||
Commercial Portfolio Segment [Member] | ||||
Loans and Leases Receivable, Gross, Total | 176,838 | 158,667 | ||
Allowance for loan losses | (940) | (947) | (649) | (660) |
Commercial Real Estate Portfolio Segment [Member] | ||||
Allowance for loan losses | (3,694) | (3,623) | (2,645) | (2,575) |
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | ||||
Loans and Leases Receivable, Gross, Total | 8,809 | 16,235 | ||
Commercial Real Estate Portfolio Segment [Member] | Other Commercial Real Estate Loans [Member] | ||||
Loans and Leases Receivable, Gross, Total | 239,613 | 229,029 | ||
Residential Portfolio Segment [Member] | ||||
Allowance for loan losses | (997) | (989) | (550) | (494) |
Residential Portfolio Segment [Member] | Construction Loans [Member] | ||||
Loans and Leases Receivable, Gross, Total | 5,860 | 9,344 | ||
Residential Portfolio Segment [Member] | Residential Real Estate Owner Occupied Loans [Member] | ||||
Loans and Leases Receivable, Gross, Total | 90,311 | 90,494 | ||
Residential Portfolio Segment [Member] | Residential Real Estate Non-owner Occupied Loans [Member] | ||||
Loans and Leases Receivable, Gross, Total | 19,907 | 19,370 | ||
Consumer Portfolio Segment [Member] | ||||
Loans and Leases Receivable, Gross, Total | 21,765 | 21,334 | ||
Allowance for loan losses | $ (136) | $ (119) | $ (65) | $ (59) |
Note 4 - Loans - Allowance for
Note 4 - Loans - Allowance for Loan Losses by Portfolio Segment (Details) - USD ($) $ in Thousands | 3 Months Ended | |||
Sep. 30, 2020 | Sep. 30, 2019 | Sep. 30, 2020 | Jun. 30, 2020 | |
Beginning balance | $ 5,678 | $ 3,788 | ||
Provision for loan losses | 130 | 130 | ||
Loans charged-off | (66) | (16) | ||
Recoveries | 25 | 7 | ||
Total ending allowance balance | 5,767 | 3,909 | ||
Individually evaluated for impairment | $ 8 | $ 34 | ||
Total ending allowance balance | 5,678 | 3,909 | 5,767 | 5,678 |
Loans individually evaluated for impairment | 2,099 | 1,923 | ||
Total ending loans balance | 563,897 | 544,797 | ||
Financial Asset Acquired [Member] | ||||
Collectively evaluated for impairment | 192 | 197 | ||
Loans collectively evaluated for impairment | 45,424 | 48,969 | ||
Financial Asset Originated [Member] | ||||
Collectively evaluated for impairment | 5,567 | 5,447 | ||
Loans collectively evaluated for impairment | 516,374 | 493,905 | ||
Commercial Portfolio Segment [Member] | ||||
Beginning balance | 947 | 660 | ||
Provision for loan losses | 15 | (11) | ||
Loans charged-off | (22) | |||
Recoveries | ||||
Total ending allowance balance | 940 | 649 | ||
Individually evaluated for impairment | 3 | 28 | ||
Total ending allowance balance | 940 | 649 | 940 | 947 |
Loans individually evaluated for impairment | 154 | 179 | ||
Total ending loans balance | 176,319 | 157,328 | ||
Commercial Portfolio Segment [Member] | Financial Asset Acquired [Member] | ||||
Collectively evaluated for impairment | ||||
Loans collectively evaluated for impairment | 882 | 1,095 | ||
Commercial Portfolio Segment [Member] | Financial Asset Originated [Member] | ||||
Collectively evaluated for impairment | 937 | 919 | ||
Loans collectively evaluated for impairment | 175,283 | 156,054 | ||
Commercial Real Estate Portfolio Segment [Member] | ||||
Beginning balance | 3,623 | 2,575 | ||
Provision for loan losses | 70 | 69 | ||
Loans charged-off | ||||
Recoveries | 1 | 1 | ||
Total ending allowance balance | 3,694 | 2,645 | ||
Individually evaluated for impairment | 5 | 6 | ||
Total ending allowance balance | 3,694 | 2,645 | 3,694 | 3,623 |
Loans individually evaluated for impairment | 1,031 | 1,045 | ||
Total ending loans balance | 248,795 | 245,957 | ||
Commercial Real Estate Portfolio Segment [Member] | Financial Asset Acquired [Member] | ||||
Collectively evaluated for impairment | 103 | 103 | ||
Loans collectively evaluated for impairment | 8,097 | 8,072 | ||
Commercial Real Estate Portfolio Segment [Member] | Financial Asset Originated [Member] | ||||
Collectively evaluated for impairment | 3,586 | 3,514 | ||
Loans collectively evaluated for impairment | 239,667 | 236,840 | ||
Residential Portfolio Segment [Member] | ||||
Beginning balance | 989 | 494 | ||
Provision for loan losses | 8 | 56 | ||
Loans charged-off | ||||
Recoveries | ||||
Total ending allowance balance | 997 | 550 | ||
Individually evaluated for impairment | ||||
Total ending allowance balance | 997 | 550 | 997 | 989 |
Loans individually evaluated for impairment | 914 | 699 | ||
Total ending loans balance | 116,980 | 120,119 | ||
Residential Portfolio Segment [Member] | Financial Asset Acquired [Member] | ||||
Collectively evaluated for impairment | 89 | 94 | ||
Loans collectively evaluated for impairment | 25,553 | 27,252 | ||
Residential Portfolio Segment [Member] | Financial Asset Originated [Member] | ||||
Collectively evaluated for impairment | 908 | 895 | ||
Loans collectively evaluated for impairment | 90,513 | 92,168 | ||
Consumer Portfolio Segment [Member] | ||||
Beginning balance | 119 | 59 | ||
Provision for loan losses | 37 | 16 | ||
Loans charged-off | (44) | (16) | ||
Recoveries | 24 | 6 | ||
Total ending allowance balance | 136 | 65 | ||
Individually evaluated for impairment | ||||
Total ending allowance balance | $ 136 | $ 65 | 136 | 119 |
Loans individually evaluated for impairment | ||||
Total ending loans balance | 21,803 | 21,393 | ||
Consumer Portfolio Segment [Member] | Financial Asset Acquired [Member] | ||||
Collectively evaluated for impairment | ||||
Loans collectively evaluated for impairment | 10,892 | 12,550 | ||
Consumer Portfolio Segment [Member] | Financial Asset Originated [Member] | ||||
Collectively evaluated for impairment | 136 | 119 | ||
Loans collectively evaluated for impairment | $ 10,911 | $ 8,843 |
Note 4 - Loans - Impaired Loans
Note 4 - Loans - Impaired Loans (Details) - USD ($) $ in Thousands | 3 Months Ended | ||
Sep. 30, 2020 | Sep. 30, 2019 | Jun. 30, 2020 | |
Impaired Financing Receivable, Related Allowance | $ 8 | $ 34 | |
Impaired Financing Receivable, Unpaid Principal Balance | 2,379 | 2,195 | |
Impaired Financing Receivable, Recorded Investment | 2,099 | 1,923 | |
Impaired Financing Receivable, Average Recorded Investment | 1,971 | $ 1,048 | |
Impaired Financing Receivable, Interest Income, Accrual Method | 12 | 99 | |
Impaired Financing Receivable, Interest Income, Cash Basis Method | 12 | 99 | |
Commercial Real Estate Portfolio Segment [Member] | Other Commercial Real Estate Loans [Member] | |||
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance | 913 | 922 | |
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | 825 | 836 | |
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 826 | 362 | |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 1 | 86 | |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Cash Basis Method | 1 | 86 | |
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance | 205 | 209 | |
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 206 | 209 | |
Impaired Financing Receivable, Related Allowance | 5 | 6 | |
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment | 206 | 220 | |
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method | 3 | 3 | |
Impaired Financing Receivable, with Related Allowance, Interest Income, Cash Basis Method | 3 | 3 | |
Residential Portfolio Segment [Member] | Residential Real Estate Owner Occupied Loans [Member] | |||
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance | 830 | 604 | |
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | 689 | 463 | |
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 539 | 39 | |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 6 | 7 | |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Cash Basis Method | 6 | 7 | |
Residential Portfolio Segment [Member] | Residential Real Estate Non-owner Occupied Loans [Member] | |||
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance | 279 | 284 | |
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | 225 | 236 | |
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 229 | 257 | |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | |||
Impaired Financing Receivable, with No Related Allowance, Interest Income, Cash Basis Method | |||
Commercial Portfolio Segment [Member] | |||
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance | 152 | ||
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | 154 | ||
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 171 | ||
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 2 | ||
Impaired Financing Receivable, with No Related Allowance, Interest Income, Cash Basis Method | $ 2 | 3 | |
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance | 176 | ||
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 179 | ||
Impaired Financing Receivable, Related Allowance | $ 28 | ||
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment | 170 | ||
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method | $ 3 |
Note 4 - Loans - Loans Past Due
Note 4 - Loans - Loans Past Due (Details) - USD ($) $ in Thousands | Sep. 30, 2020 | Jun. 30, 2020 |
Financing Receivable, Recorded Investment, Nonaccrual Status | $ 1,369 | $ 1,185 |
Financing Receivable, Recorded Investment, 90 Days Past Due and Still Accruing | 41 | |
Financing Receivable, Recorded Investment, Past Due | 1,353 | 1,011 |
Financing Receivable, Recorded Investment, Not Past Due | 562,544 | 543,786 |
Financing Receivable, Recorded Investment, Total | 563,897 | 544,797 |
Financial Asset, 30 to 59 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due | 339 | 127 |
Financial Asset, 60 to 89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Nonaccrual Status | 2 | |
Financing Receivable, Recorded Investment, Past Due | 16 | 51 |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Nonaccrual Status | 998 | 792 |
Financing Receivable, Recorded Investment, Past Due | 998 | 833 |
Commercial Portfolio Segment [Member] | ||
Financing Receivable, Recorded Investment, Nonaccrual Status | 21 | |
Financing Receivable, Recorded Investment, 90 Days Past Due and Still Accruing | ||
Financing Receivable, Recorded Investment, Past Due | 21 | |
Financing Receivable, Recorded Investment, Not Past Due | 176,319 | 157,307 |
Financing Receivable, Recorded Investment, Total | 176,319 | 157,328 |
Commercial Portfolio Segment [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due | ||
Commercial Portfolio Segment [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due | ||
Commercial Portfolio Segment [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due | 21 | |
Commercial Real Estate Portfolio Segment [Member] | ||
Financing Receivable, Recorded Investment, Total | 248,795 | 245,957 |
Commercial Real Estate Portfolio Segment [Member] | Other Commercial Real Estate Loans [Member] | ||
Financing Receivable, Recorded Investment, Nonaccrual Status | 774 | 785 |
Financing Receivable, Recorded Investment, 90 Days Past Due and Still Accruing | ||
Financing Receivable, Recorded Investment, Past Due | 629 | 630 |
Financing Receivable, Recorded Investment, Not Past Due | 239,356 | 229,086 |
Financing Receivable, Recorded Investment, Total | 239,985 | 229,716 |
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due | ||
Financing Receivable, Recorded Investment, Not Past Due | 8,810 | 16,241 |
Financing Receivable, Recorded Investment, Total | 8,810 | 16,241 |
Commercial Real Estate Portfolio Segment [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | Other Commercial Real Estate Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due | ||
Commercial Real Estate Portfolio Segment [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | Construction Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due | ||
Commercial Real Estate Portfolio Segment [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | Other Commercial Real Estate Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due | 2 | |
Commercial Real Estate Portfolio Segment [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | Construction Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due | ||
Commercial Real Estate Portfolio Segment [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Other Commercial Real Estate Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due | 629 | 628 |
Commercial Real Estate Portfolio Segment [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Construction Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due | ||
Residential Portfolio Segment [Member] | ||
Financing Receivable, Recorded Investment, Total | 116,980 | 120,119 |
Residential Portfolio Segment [Member] | Construction Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due | ||
Financing Receivable, Recorded Investment, Not Past Due | 5,945 | 9,435 |
Financing Receivable, Recorded Investment, Total | 5,945 | 9,435 |
Residential Portfolio Segment [Member] | Residential Real Estate Owner Occupied Loans [Member] | ||
Financing Receivable, Recorded Investment, Nonaccrual Status | 369 | 143 |
Financing Receivable, Recorded Investment, 90 Days Past Due and Still Accruing | 29 | |
Financing Receivable, Recorded Investment, Past Due | 603 | 172 |
Financing Receivable, Recorded Investment, Not Past Due | 90,498 | 91,102 |
Financing Receivable, Recorded Investment, Total | 91,101 | 91,274 |
Residential Portfolio Segment [Member] | Residential Real Estate Non-owner Occupied Loans [Member] | ||
Financing Receivable, Recorded Investment, Nonaccrual Status | 226 | 236 |
Financing Receivable, Recorded Investment, 90 Days Past Due and Still Accruing | ||
Financing Receivable, Recorded Investment, Past Due | ||
Financing Receivable, Recorded Investment, Not Past Due | 19,934 | 19,410 |
Financing Receivable, Recorded Investment, Total | 19,934 | 19,410 |
Residential Portfolio Segment [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | Construction Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due | ||
Residential Portfolio Segment [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | Residential Real Estate Owner Occupied Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due | 234 | |
Residential Portfolio Segment [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | Residential Real Estate Non-owner Occupied Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due | ||
Residential Portfolio Segment [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | Construction Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due | ||
Residential Portfolio Segment [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | Residential Real Estate Owner Occupied Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due | ||
Residential Portfolio Segment [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | Residential Real Estate Non-owner Occupied Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due | ||
Residential Portfolio Segment [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Construction Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due | ||
Residential Portfolio Segment [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Residential Real Estate Owner Occupied Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due | 369 | 172 |
Residential Portfolio Segment [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Residential Real Estate Non-owner Occupied Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due | ||
Consumer Portfolio Segment [Member] | ||
Financing Receivable, Recorded Investment, Nonaccrual Status | ||
Financing Receivable, Recorded Investment, 90 Days Past Due and Still Accruing | 12 | |
Financing Receivable, Recorded Investment, Past Due | 121 | 188 |
Financing Receivable, Recorded Investment, Not Past Due | 21,682 | 21,205 |
Financing Receivable, Recorded Investment, Total | 21,803 | 21,393 |
Consumer Portfolio Segment [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due | 105 | 127 |
Consumer Portfolio Segment [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due | 16 | 49 |
Consumer Portfolio Segment [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due | $ 12 |
Note 4 - Loans - Recorded Inves
Note 4 - Loans - Recorded Investment by Risk Category (Details) - USD ($) $ in Thousands | Sep. 30, 2020 | Jun. 30, 2020 |
Pass [Member] | ||
Financing Receivable, Net | $ 433,738 | $ 413,704 |
Special Mention [Member] | ||
Financing Receivable, Net | 2,370 | 1,798 |
Substandard [Member] | ||
Financing Receivable, Net | 9,835 | 9,914 |
Doubtful [Member] | ||
Financing Receivable, Net | 1,000 | 1,042 |
Not Rated [Member] | ||
Financing Receivable, Net | 116,954 | 118,339 |
Commercial Portfolio Segment [Member] | Pass [Member] | ||
Financing Receivable, Net | 171,905 | 152,911 |
Commercial Portfolio Segment [Member] | Special Mention [Member] | ||
Financing Receivable, Net | 140 | 143 |
Commercial Portfolio Segment [Member] | Substandard [Member] | ||
Financing Receivable, Net | 3,992 | 3,979 |
Commercial Portfolio Segment [Member] | Doubtful [Member] | ||
Financing Receivable, Net | 21 | |
Commercial Portfolio Segment [Member] | Not Rated [Member] | ||
Financing Receivable, Net | 282 | 274 |
Commercial Real Estate Portfolio Segment [Member] | Pass [Member] | Construction Loans [Member] | ||
Financing Receivable, Net | 8,810 | 16,241 |
Commercial Real Estate Portfolio Segment [Member] | Pass [Member] | Other Commercial Real Estate Loans [Member] | ||
Financing Receivable, Net | 230,260 | 220,311 |
Commercial Real Estate Portfolio Segment [Member] | Special Mention [Member] | Construction Loans [Member] | ||
Financing Receivable, Net | ||
Commercial Real Estate Portfolio Segment [Member] | Special Mention [Member] | Other Commercial Real Estate Loans [Member] | ||
Financing Receivable, Net | 2,052 | 1,469 |
Commercial Real Estate Portfolio Segment [Member] | Substandard [Member] | Construction Loans [Member] | ||
Financing Receivable, Net | ||
Commercial Real Estate Portfolio Segment [Member] | Substandard [Member] | Other Commercial Real Estate Loans [Member] | ||
Financing Receivable, Net | 5,292 | 5,378 |
Commercial Real Estate Portfolio Segment [Member] | Doubtful [Member] | Construction Loans [Member] | ||
Financing Receivable, Net | ||
Commercial Real Estate Portfolio Segment [Member] | Doubtful [Member] | Other Commercial Real Estate Loans [Member] | ||
Financing Receivable, Net | 774 | 785 |
Commercial Real Estate Portfolio Segment [Member] | Not Rated [Member] | Construction Loans [Member] | ||
Financing Receivable, Net | ||
Commercial Real Estate Portfolio Segment [Member] | Not Rated [Member] | Other Commercial Real Estate Loans [Member] | ||
Financing Receivable, Net | 1,607 | 1,773 |
Residential Portfolio Segment [Member] | Pass [Member] | Construction Loans [Member] | ||
Financing Receivable, Net | 1,378 | 3,234 |
Residential Portfolio Segment [Member] | Pass [Member] | Residential Real Estate Owner Occupied Loans [Member] | ||
Financing Receivable, Net | 2,307 | 2,419 |
Residential Portfolio Segment [Member] | Pass [Member] | Residential Real Estate Non-owner Occupied Loans [Member] | ||
Financing Receivable, Net | 18,959 | 18,435 |
Residential Portfolio Segment [Member] | Special Mention [Member] | Construction Loans [Member] | ||
Financing Receivable, Net | ||
Residential Portfolio Segment [Member] | Special Mention [Member] | Residential Real Estate Owner Occupied Loans [Member] | ||
Financing Receivable, Net | ||
Residential Portfolio Segment [Member] | Special Mention [Member] | Residential Real Estate Non-owner Occupied Loans [Member] | ||
Financing Receivable, Net | 178 | 186 |
Residential Portfolio Segment [Member] | Substandard [Member] | Construction Loans [Member] | ||
Financing Receivable, Net | ||
Residential Portfolio Segment [Member] | Substandard [Member] | Residential Real Estate Owner Occupied Loans [Member] | ||
Financing Receivable, Net | 334 | 334 |
Residential Portfolio Segment [Member] | Substandard [Member] | Residential Real Estate Non-owner Occupied Loans [Member] | ||
Financing Receivable, Net | 217 | 223 |
Residential Portfolio Segment [Member] | Doubtful [Member] | Construction Loans [Member] | ||
Financing Receivable, Net | ||
Residential Portfolio Segment [Member] | Doubtful [Member] | Residential Real Estate Owner Occupied Loans [Member] | ||
Financing Receivable, Net | ||
Residential Portfolio Segment [Member] | Doubtful [Member] | Residential Real Estate Non-owner Occupied Loans [Member] | ||
Financing Receivable, Net | 226 | 236 |
Residential Portfolio Segment [Member] | Not Rated [Member] | Construction Loans [Member] | ||
Financing Receivable, Net | 4,567 | 6,201 |
Residential Portfolio Segment [Member] | Not Rated [Member] | Residential Real Estate Owner Occupied Loans [Member] | ||
Financing Receivable, Net | 88,460 | 88,521 |
Residential Portfolio Segment [Member] | Not Rated [Member] | Residential Real Estate Non-owner Occupied Loans [Member] | ||
Financing Receivable, Net | 354 | 330 |
Consumer Portfolio Segment [Member] | Pass [Member] | ||
Financing Receivable, Net | 119 | 153 |
Consumer Portfolio Segment [Member] | Special Mention [Member] | ||
Financing Receivable, Net | ||
Consumer Portfolio Segment [Member] | Substandard [Member] | ||
Financing Receivable, Net | ||
Consumer Portfolio Segment [Member] | Doubtful [Member] | ||
Financing Receivable, Net | ||
Consumer Portfolio Segment [Member] | Not Rated [Member] | ||
Financing Receivable, Net | $ 21,684 | $ 21,240 |
Note 5 - Fair Value (Details Te
Note 5 - Fair Value (Details Textual) - USD ($) $ in Thousands | 3 Months Ended | ||
Sep. 30, 2020 | Sep. 30, 2019 | Jun. 30, 2020 | |
Impaired Financing Receivable, Related Allowance | $ 8 | $ 34 | |
Other Real Estate Owned, Fair Value Disclosure | 0 | 0 | |
Fair Value, Nonrecurring [Member] | Impaired Loans [Member] | |||
Impaired Financing Receivable, Related Allowance | 0 | $ 0 | |
Allowance for Loan and Lease Losses, Period Increase (Decrease), Total | $ 0 | $ 0 |
Note 5 - Fair Value - Assets an
Note 5 - Fair Value - Assets and Liabilities Measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Thousands | Sep. 30, 2020 | Jun. 30, 2020 |
Securities, available-for-sale | $ 136,903 | $ 143,918 |
US Treasury Securities [Member] | ||
Securities, available-for-sale | 753 | 1,256 |
US Government-sponsored Enterprises Debt Securities [Member] | ||
Securities, available-for-sale | 10,252 | 10,532 |
US States and Political Subdivisions Debt Securities [Member] | ||
Securities, available-for-sale | 64,021 | 63,492 |
Residential Mortgage Backed Securities [Member] | ||
Securities, available-for-sale | 46,118 | 50,156 |
Commercial Mortgage Backed Securities [Member] | ||
Securities, available-for-sale | 7,981 | 8,497 |
Collateralized Mortgage Obligations [Member] | ||
Securities, available-for-sale | 7,778 | 9,985 |
Fair Value, Recurring [Member] | US Treasury Securities [Member] | ||
Securities, available-for-sale | 753 | 1,256 |
Fair Value, Recurring [Member] | US Treasury Securities [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Securities, available-for-sale | ||
Fair Value, Recurring [Member] | US Treasury Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Securities, available-for-sale | 753 | 1,256 |
Fair Value, Recurring [Member] | US Treasury Securities [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Securities, available-for-sale | ||
Fair Value, Recurring [Member] | US Government-sponsored Enterprises Debt Securities [Member] | ||
Securities, available-for-sale | 10,252 | 10,532 |
Fair Value, Recurring [Member] | US Government-sponsored Enterprises Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Securities, available-for-sale | ||
Fair Value, Recurring [Member] | US Government-sponsored Enterprises Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Securities, available-for-sale | 10,252 | 10,532 |
Fair Value, Recurring [Member] | US Government-sponsored Enterprises Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Securities, available-for-sale | ||
Fair Value, Recurring [Member] | US States and Political Subdivisions Debt Securities [Member] | ||
Securities, available-for-sale | 64,021 | 63,492 |
Fair Value, Recurring [Member] | US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Securities, available-for-sale | ||
Fair Value, Recurring [Member] | US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Securities, available-for-sale | 64,021 | 63,492 |
Fair Value, Recurring [Member] | US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Securities, available-for-sale | ||
Fair Value, Recurring [Member] | Residential Mortgage Backed Securities [Member] | ||
Securities, available-for-sale | 46,118 | 50,156 |
Fair Value, Recurring [Member] | Residential Mortgage Backed Securities [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Securities, available-for-sale | ||
Fair Value, Recurring [Member] | Residential Mortgage Backed Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Securities, available-for-sale | 46,118 | 50,156 |
Fair Value, Recurring [Member] | Residential Mortgage Backed Securities [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Securities, available-for-sale | ||
Fair Value, Recurring [Member] | Commercial Mortgage Backed Securities [Member] | ||
Securities, available-for-sale | 7,981 | 8,497 |
Fair Value, Recurring [Member] | Commercial Mortgage Backed Securities [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Securities, available-for-sale | ||
Fair Value, Recurring [Member] | Commercial Mortgage Backed Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Securities, available-for-sale | 7,981 | 8,497 |
Fair Value, Recurring [Member] | Commercial Mortgage Backed Securities [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Securities, available-for-sale | ||
Fair Value, Recurring [Member] | Collateralized Mortgage Obligations [Member] | ||
Securities, available-for-sale | 7,778 | |
Fair Value, Recurring [Member] | Collateralized Mortgage Obligations [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Securities, available-for-sale | ||
Fair Value, Recurring [Member] | Collateralized Mortgage Obligations [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Securities, available-for-sale | 7,778 | |
Fair Value, Recurring [Member] | Collateralized Mortgage Obligations [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Securities, available-for-sale | ||
Fair Value, Recurring [Member] | Collateralized Debt Obligations [Member] | ||
Securities, available-for-sale | 9,985 | |
Fair Value, Recurring [Member] | Collateralized Debt Obligations [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Securities, available-for-sale | ||
Fair Value, Recurring [Member] | Collateralized Debt Obligations [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Securities, available-for-sale | 9,985 | |
Fair Value, Recurring [Member] | Collateralized Debt Obligations [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Securities, available-for-sale |
Note 5 - Fair Value - Estimated
Note 5 - Fair Value - Estimated Fair Values of Financial Instruments (Details) - USD ($) $ in Thousands | Sep. 30, 2020 | Jun. 30, 2020 |
Held-to-maturity, fair value | $ 3,734 | $ 3,868 |
Fair Value, Inputs, Level 1 [Member] | Reported Value Measurement [Member] | ||
Cash and cash equivalents | 8,508 | 9,659 |
Fair Value, Inputs, Level 1 [Member] | Estimate of Fair Value Measurement [Member] | ||
Cash and cash equivalents | 8,508 | 9,659 |
Fair Value, Inputs, Level 2 [Member] | Reported Value Measurement [Member] | ||
Certificates of deposit in other financial institutions | 8,872 | 11,635 |
Loans held for sale | 5,729 | 3,507 |
Accrued interest receivable | 2,593 | 2,646 |
Short-term borrowings | 8,414 | 6,943 |
Federal Home Loan Bank advances | 30,899 | 31,161 |
Accrued interest payable | 108 | 107 |
Fair Value, Inputs, Level 2 [Member] | Reported Value Measurement [Member] | Demand and Savings Deposits [Member] | ||
Demand and savings deposits | 524,832 | 517,973 |
Fair Value, Inputs, Level 2 [Member] | Reported Value Measurement [Member] | Time Deposits [Member] | ||
Demand and savings deposits | 115,266 | 115,382 |
Fair Value, Inputs, Level 2 [Member] | Estimate of Fair Value Measurement [Member] | ||
Certificates of deposit in other financial institutions | 9,121 | 11,889 |
Loans held for sale | 5,854 | 3,566 |
Accrued interest receivable | 2,593 | 2,646 |
Short-term borrowings | 8,414 | 6,943 |
Federal Home Loan Bank advances | 31,261 | 31,571 |
Accrued interest payable | 108 | 107 |
Fair Value, Inputs, Level 2 [Member] | Estimate of Fair Value Measurement [Member] | Demand and Savings Deposits [Member] | ||
Demand and savings deposits | 524,832 | 517,973 |
Fair Value, Inputs, Level 2 [Member] | Estimate of Fair Value Measurement [Member] | Time Deposits [Member] | ||
Demand and savings deposits | 115,938 | 116,238 |
Fair Value, Inputs, Level 3 [Member] | Reported Value Measurement [Member] | ||
Held-to-maturity, fair value | 3,441 | 3,541 |
Loans, net | 556,371 | 537,183 |
Fair Value, Inputs, Level 3 [Member] | Estimate of Fair Value Measurement [Member] | ||
Held-to-maturity, fair value | 3,734 | 3,868 |
Loans, net | $ 571,676 | $ 548,247 |
Note 6 - Earnings Per Share (De
Note 6 - Earnings Per Share (Details Textual) - shares | 3 Months Ended | |
Sep. 30, 2020 | Sep. 30, 2019 | |
Restricted Stock [Member] | ||
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in shares) | 11,461 | 4,062 |
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 | |
Sep. 30, 2020 | Sep. 30, 2019 | |
Net income available to common shareholders | $ 2,401 | $ 1,503 |
Weighted average common shares outstanding (in shares) | 3,010,844 | 2,734,578 |
Basic income per share (in dollars per share) | $ 0.80 | $ 0.55 |
Net income available to common shareholders | $ 2,401 | $ 1,503 |
Dilutive effect of restricted stock (in shares) | ||
Total common shares and dilutive potential common shares (in shares) | 3,010,844 | 2,734,578 |
Dilutive income per share (in dollars per share) | $ 0.80 | $ 0.55 |
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 | ||||
Sep. 30, 2020 | Sep. 30, 2019 | ||||
Accumulated other comprehensive income (loss), before tax | $ 5,393 | $ 1,982 | |||
Accumulated other comprehensive income (loss), tax | (1,133) | (416) | |||
Accumulated other comprehensive income (loss), net | 4,260 | 1,566 | |||
Unrealized holding gain on available-for-sale securities arising during the period, before tax | 70 | [1],[2] | 818 | ||
Unrealized holding gain on available-for-sale securities arising during the period, tax | (14) | [1],[2] | (171) | ||
Unrealized holding gain on available-for-sale securities arising during the period, net | 56 | [1],[2] | 647 | ||
Amounts reclassified from accumulated other comprehensive income, before tax | (106) | [1],[2] | |||
Amounts reclassified from accumulated other comprehensive income, tax | [1],[2] | 22 | |||
Amounts reclassified from accumulated other comprehensive income, net | [1],[2] | (84) | |||
Net current period other comprehensive income, before tax | 712 | ||||
Net current period other comprehensive income, tax | (149) | ||||
Other comprehensive income | 56 | 563 | |||
Accumulated other comprehensive income (loss), before tax | 5,463 | 2,694 | |||
Accumulated other comprehensive income (loss), tax | (1,147) | (565) | |||
Accumulated other comprehensive income (loss), net | $ 4,316 | $ 2,129 | |||
[1] | Income tax expense | ||||
[2] | Securities (gains) losses, net |