Document And Entity Information
Document And Entity Information - shares | 6 Months Ended | |
Dec. 31, 2020 | Feb. 10, 2021 | |
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 | Dec. 31, 2020 | |
Document Fiscal Year Focus | 2021 | |
Document Fiscal Period Focus | Q2 | |
Amendment Flag | false |
Consolidated Balance Sheets (Cu
Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands | Dec. 31, 2020 | Jun. 30, 2020 |
ASSETS | ||
Cash on hand and noninterest-bearing deposits in financial institutions | $ 8,996 | $ 8,429 |
Federal funds sold and interest-bearing deposits in financial institutions | 49 | 1,230 |
Total cash and cash equivalents | 9,045 | 9,659 |
Certificates of deposit in other financial institutions | 8,599 | 11,635 |
Securities, available-for-sale | 145,665 | 143,918 |
Securities, held-to-maturity (fair value of $3,605 at December 31, 2020 and $3,868 at June 30, 2020) | 3,336 | 3,541 |
Equity securities, at fair value | 400 | |
Federal bank and other restricted stocks, at cost | 2,472 | 2,472 |
Loans held for sale | 4,770 | 3,507 |
Total loans | 557,257 | 542,861 |
Less allowance for loan losses | (5,912) | (5,678) |
Net loans | 551,345 | 537,183 |
Cash surrender value of life insurance | 9,573 | 9,442 |
Premises and equipment, net | 14,972 | 14,901 |
Goodwill | 836 | 836 |
Core deposit intangible, net | 242 | 256 |
Accrued interest receivable and other assets | 2,805 | 3,470 |
Total assets | 754,060 | 740,820 |
LIABILITIES | ||
Noninterest-bearing demand | 194,180 | 190,233 |
Interest bearing demand | 104,777 | 99,173 |
Savings | 241,854 | 228,567 |
Time | 107,551 | 115,382 |
Total deposits | 648,362 | 633,355 |
Short-term borrowings | 13,275 | 6,943 |
Federal Home Loan Bank advances | 18,083 | 31,161 |
Accrued interest and other liabilities | 6,632 | 6,121 |
Total liabilities | 686,352 | 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 December 31, 2020 and June 30, 2020) | 20,011 | 19,974 |
Retained earnings | 44,492 | 40,460 |
Treasury stock, at cost (95,953 and 108,475 common shares as of December 31, 2020 and June 30, 2020, respectively) | (1,324) | (1,454) |
Accumulated other comprehensive income | 4,529 | 4,260 |
Total shareholders’ equity | 67,708 | 63,240 |
Total liabilities and shareholders’ equity | $ 754,060 | $ 740,820 |
Consolidated Balance Sheets (_2
Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($) $ / shares in Thousands, $ in Thousands | Dec. 31, 2020 | Jun. 30, 2020 |
Held-to-maturity securities, fair value | $ 3,605 | $ 3,868 |
Preferred stock, par value (in dollars per share) | $ 0 | $ 0 |
Preferred stock, shares authorized (in shares) | 350,000 | 350,000 |
Preferred stock, shares outstanding (in shares) | 0 | 0 |
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 | 6 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2020 | Dec. 31, 2019 | |
Interest and dividend income | ||||
Loans, including fees | $ 6,583 | $ 4,862 | $ 13,072 | $ 9,623 |
Securities, taxable | 344 | 480 | 716 | 990 |
Securities, tax-exempt | 427 | 400 | 847 | 799 |
Federal bank and other restricted stocks | 21 | 20 | 39 | 40 |
Federal funds sold and other interest-bearing deposits | 42 | 16 | 89 | 42 |
Total interest and dividend income | 7,417 | 5,778 | 14,763 | 11,494 |
Interest expense | ||||
Deposits | 487 | 910 | 1,064 | 1,855 |
Short-term borrowings | 2 | 13 | 6 | 24 |
Federal Home Loan Bank advances | 70 | 59 | 141 | 138 |
Total interest expense | 559 | 982 | 1,211 | 2,017 |
Net interest income | 6,858 | 4,796 | 13,552 | 9,477 |
Provision for loan losses | 130 | 185 | 260 | 315 |
Net interest income after provision for loan losses | 6,728 | 4,611 | 13,292 | 9,162 |
Noninterest income | ||||
Gain on sale of mortgage loans | 246 | 142 | 482 | 276 |
Bank owned life insurance death benefit | 324 | |||
Bank owned life insurance income | 65 | 66 | 131 | 134 |
Securities gains, net | 8 | 4 | 8 | 110 |
Other | 75 | 69 | 151 | 142 |
Total noninterest income | 1,153 | 1,025 | 2,294 | 2,494 |
Noninterest expenses | ||||
Salaries and employee benefits | 2,760 | 2,207 | 5,451 | 4,380 |
Occupancy and equipment | 636 | 595 | 1,276 | 1,127 |
Data processing expenses | 176 | 141 | 362 | 526 |
Debit card processing expenses | 216 | 194 | 454 | 395 |
Professional and director fees | 249 | 133 | 486 | 390 |
FDIC assessments | 87 | 5 | 148 | (2) |
Franchise taxes | 108 | 95 | 217 | 190 |
Marketing and advertising | 116 | 93 | 250 | 274 |
Telephone and network communications | 79 | 70 | 163 | 144 |
Amortization of intangible | 7 | 14 | ||
Other | 397 | 402 | 809 | 816 |
Total noninterest expenses | 4,831 | 3,935 | 9,630 | 8,240 |
Income before income taxes | 3,050 | 1,701 | 5,956 | 3,416 |
Income tax expense | 543 | 261 | 1,048 | 473 |
Net income | $ 2,507 | $ 1,440 | $ 4,908 | $ 2,943 |
Basic and diluted earnings per share (in dollars per share) | $ 0.83 | $ 0.53 | $ 1.63 | $ 1.07 |
Deposit Account [Member] | ||||
Noninterest income | ||||
Noninterest income (in scope of Topic 606) | $ 314 | $ 360 | $ 621 | $ 733 |
Debit Card [Member] | ||||
Noninterest income | ||||
Noninterest income (in scope of Topic 606) | $ 445 | $ 384 | $ 901 | $ 775 |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | |||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2020 | Dec. 31, 2019 | ||
Net income | $ 2,507 | $ 1,440 | $ 4,908 | $ 2,943 | |
Other comprehensive income, net of tax: | |||||
Unrealized gains (losses) arising during the period | 278 | (28) | 348 | 790 | |
Reclassification adjustment for gains included in income | [1],[2] | (8) | (4) | (8) | (110) |
Net unrealized gains (losses) | 270 | (32) | 340 | 680 | |
Income tax effect | (57) | 6 | (71) | (144) | |
Other comprehensive income (loss) | 213 | (26) | 269 | 536 | |
Total comprehensive income | $ 2,720 | $ 1,414 | $ 5,177 | $ 3,479 | |
[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 | 2,943 | 2,943 | |||
Other comprehensive income (loss) | 536 | 536 | |||
Cash dividends declared | (739) | (739) | |||
Shares associated with stock awards | 41 | 89 | 130 | ||
Balance at Dec. 31, 2019 | 14,697 | 38,691 | (1,454) | 2,102 | 54,036 |
Balance at Sep. 30, 2019 | 14,697 | 37,622 | (1,454) | 2,128 | 52,993 |
Net income | 1,440 | 1,440 | |||
Other comprehensive income (loss) | (26) | (26) | |||
Cash dividends declared | (371) | (371) | |||
Balance at Dec. 31, 2019 | 14,697 | 38,691 | (1,454) | 2,102 | 54,036 |
Balance at Jun. 30, 2020 | 19,974 | 40,460 | (1,454) | 4,260 | 63,240 |
Net income | 4,908 | 4,908 | |||
Other comprehensive income (loss) | 269 | 269 | |||
Cash dividends declared | (876) | (876) | |||
Shares associated with stock awards | 37 | 130 | 167 | ||
Balance at Dec. 31, 2020 | 20,011 | 44,492 | (1,324) | 4,529 | 67,708 |
Balance at Sep. 30, 2020 | 20,011 | 42,424 | (1,324) | 4,316 | 65,427 |
Net income | 2,507 | 2,507 | |||
Other comprehensive income (loss) | 213 | 213 | |||
Cash dividends declared | (439) | (439) | |||
Balance at Dec. 31, 2020 | $ 20,011 | $ 44,492 | $ (1,324) | $ 4,529 | $ 67,708 |
Condensed Consolidated Statem_2
Condensed Consolidated Statements of Changes in Shareholders' Equity (Unaudited) (Parentheticals) - $ / shares | 3 Months Ended | 6 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2020 | Dec. 31, 2019 | |
Common stock, dividends, per share, declared (in dollars per share) | $ 0.145 | $ 0.135 | $ 0.29 | $ 0.27 |
Shares associated with stock awards (in shares) | 12,522 | 11,813 |
Condensed Consolidated Statem_3
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands | 6 Months Ended | |
Dec. 31, 2020 | Dec. 31, 2019 | |
Cash flows from operating activities | ||
Net cash from operating activities | $ 5,706 | $ 2,214 |
Cash flow from investing activities | ||
Purchases of securities, available-for-sale | (24,975) | (6,678) |
Maturities, calls and principal pay downs of securities, available-for-sale | 20,304 | 11,902 |
Sale of securities, available-for-sale | 2,733 | 6,110 |
Principal pay downs of securities, held-to-maturity | 205 | 206 |
Purchase of equity securities | (400) | |
Net decrease in certificate of deposit in other financial institutions | 3,036 | 989 |
Net increase in loans | (14,431) | (27,226) |
Proceeds from BOLI death benefit | 753 | |
Premises and equipment purchases | (194) | (219) |
Sale of other repossessed assets | 17 | |
Net cash from investing activities | (13,705) | (14,163) |
Cash flow from financing activities | ||
Net increase in deposit accounts | 15,007 | 15,471 |
Net change in short-term borrowings | 6,332 | 184 |
Proceeds from Federal Home Loan Bank advances | 1,300 | 9,500 |
Repayments of Federal Home Loan Bank advances | (14,378) | (7,900) |
Dividends paid | (876) | (739) |
Net cash from financing activities | 7,385 | 16,516 |
Increase (decrease) in cash or cash equivalents | (614) | 4,567 |
Cash and cash equivalents, beginning of period | 9,659 | 9,461 |
Cash and cash equivalents, end of period | 9,045 | 14,028 |
Supplemental disclosure of cash flow information: | ||
Interest | 1,230 | 2,022 |
Federal income taxes | 1,055 | 350 |
Non-cash items: | ||
Transfer of loans to other repossessed assets | 9 | |
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 | 6 Months Ended |
Dec. 31, 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 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 In March 2020, 2020 04, may one January 1, 2020. 2020 04 March 12, 2020 December 31, 2022. one may March 12, 2020. not 2020 04 |
Note 2 - Acquisition
Note 2 - Acquisition | 6 Months Ended |
Dec. 31, 2020 | |
Notes to Financial Statements | |
Business Combination Disclosure [Text Block] | Note 2 On December 29, 2020, two $100 $15 $3.1 November 30, 2020); $13.5 $15 1.75% 30 The closing of the transactions contemplated by the P&A Agreement is subject to regulatory approval and satisfaction of other customary closing conditions. The parties expect the closing of the transactions to occur early in the third 2021. 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. |
Note 3 - Securities
Note 3 - Securities | 6 Months Ended |
Dec. 31, 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 Losses Fair December 31 , 2020 U.S. Treasury $ 499 $ 2 $ — $ 501 Obligations of U.S. government-sponsored entities and agencies 7,793 316 — 8,109 Obligations of state and political subdivisions 63,359 3,675 — 67,034 U.S. Government-sponsored mortgage-backed securities–residential 56,757 1,496 (5 ) 58,248 U.S. Government-sponsored mortgage-backed securities– commercial 7,004 75 (1 ) 7,078 U.S. Government-sponsored collateralized mortgage obligations– residential 4,520 175 — 4,695 Total available-for-sale securities $ 139,932 $ 5,739 $ (6 ) $ 145,665 Held-to-Maturity Amortized Gross Gross Fair December 31 , 2020 Obligations of state and political subdivisions $ 3,336 $ 269 $ — $ 3,605 Total held-to-maturity securities $ 3,336 $ 269 $ — $ 3,605 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 December 31, Six Months Ended December 31, 2020 2019 2020 2019 Proceeds from sales and calls $ 2,733 $ 1,650 2,733 6,110 Gross realized gains 31 4 31 110 Gross realized losses 23 — 23 — The income tax provision related to the net realized gain amounted to $2 three six December 31, 2020. $1 $22 three six December 31, 2019, The amortized cost and fair values of debt securities at December 31, 2020, may not Available-for-Sale Amortized Cost Estimated Fair Value Due in one year or less $ 4,930 $ 5,006 Due after one year through five years 14,015 14,545 Due after five years through ten years 13,700 14,327 Due after ten years 39,006 41,766 Total 71,651 75,644 U.S. Government-sponsored mortgage-backed and related securities 69,281 70,021 Total available-for-sale securities $ 139,932 $ 145,665 Held-to-Maturity Due after one year through five years $ 334 $ 356 Due after five years through ten years 667 735 Due after ten years 2,335 2,514 Total held-to-maturity securities $ 3,336 $ 3,605 The following table summarizes the securities with unrealized losses at December 31, 2020 June 30, 2020, Less than 12 Months 12 Months or more Total Available-for-sale Fair Unrealized Fair Unrealized Fair Unrealized December 3 1 , 20 20 U.S. Government-sponsored mortgage-backed securities – residential 1,198 (5 ) — — 1,198 (5 ) U.S. Government-sponsored mortgage-backed securities- commercial 1,422 (1 ) — — 1,422 (1 ) Total temporarily impaired $ 2,620 $ (6 ) $ — $ — $ 2,620 $ (6 ) 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 December 31, 2020 not not not not not |
Note 4 - Loans
Note 4 - Loans | 6 Months Ended |
Dec. 31, 2020 | |
Notes to Financial Statements | |
Loans, Notes, Trade and Other Receivables Disclosure [Text Block] | Note 4 – Loans Major classifications of loans were as follows: December 31, 2020 June 30, 2020 Commercial $ 158,911 $ 158,667 Commercial real estate: Construction 3,802 16,235 Other 250,529 229,029 1 – 4 Family residential real estate: Owner occupied 93,726 90,494 Non-owner occupied 20,210 19,370 Construction 6,026 9,344 Consumer 24,230 21,334 Subtotal 557,434 544,473 Net Deferred loan fees and costs (177 ) (1,612 ) Allowance for loan losses (5,912 ) (5,678 ) Net Loans $ 551,345 $ 537,183 The commercial loan category in the above table includes PPP loans of $52,539 December 31, 2020 $66,606 June 30, 2020 $47,268 December 31, 2020 $32,869 June 30, 2020. The following table presents the activity in the allowance for loan losses by portfolio segment for the three December 31, 2020: 1-4 Family Commercial Residential Real Real Commercial Estate Estate Consumer Total Allowance for loan losses: Beginning balance $ 940 $ 3,694 $ 997 $ 136 $ 5,767 Provision for loan losses (82 ) 122 31 59 130 Loans charged-off — — — (12 ) (12 ) Recoveries — 1 — 26 27 Total ending allowance balance $ 858 $ 3,817 $ 1,028 $ 209 $ 5,912 The following table presents the activity in the allowance for loan losses by portfolio segment for the six December 31, 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 (67 ) 192 39 96 260 Loans charged-off (22 ) — — (56 ) (78 ) Recoveries — 2 — 50 52 Total ending allowance balance $ 858 $ 3,817 $ 1,028 $ 209 $ 5,912 The following table presents the activity in the allowance for loan losses by portfolio segment for the three December 31, 2019: 1-4 Family Commercial Residential Real Real Commercial Estate Estate Consumer Total Allowance for loan losses: Beginning balance $ 649 $ 2,645 $ 550 $ 65 $ 3,909 Provision for loan losses 117 6 64 (2 ) 185 Loans charged-off — — — (7 ) (7 ) Recoveries — 1 1 6 8 Total ending allowance balance $ 766 $ 2,652 $ 615 $ 62 $ 4,095 The following table presents the activity in the allowance for loan losses by portfolio segment for the six December 31, 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 106 75 120 14 315 Loans charged-off — — — (23 ) (23 ) Recoveries — 2 1 12 15 Total ending allowance balance $ 766 $ 2,652 $ 615 $ 62 $ 4,095 The following table presents the balance in the allowance for loan losses and the recorded investment in loans by portfolio segment and based on impairment method as of December 31, 2020. $1,607 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 $ — $ 6 $ — $ 9 Acquired loans collectively evaluated for impairment — 101 84 — 185 Originated loans collectively evaluated for impairment 855 3,716 938 209 5,718 Total ending allowance balance $ 858 $ 3,817 $ 1,028 $ 209 $ 5,912 Recorded investment in loans: Loans individually evaluated for impairment $ 148 $ 1,151 $ 1,044 $ — $ 2,343 Acquired loans collectively evaluated for impairment 661 7,824 23,220 8,935 40,640 Originated loans collectively evaluated for impairment 158,331 245,489 96,733 15,328 515,881 Total ending loans balance $ 159,140 $ 254,464 $ 120,997 $ 24,263 $ 558,864 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 December 31, 2020 six December 31, 2020: As of December 31, 2020 Six Months ended December 31, 2020 Unpaid Allowance for Average Interest Cash Basis Principal Recorded Loan Losses Recorded Income Interest Balance Investment Allocated Investment Recognized Recognized With no related allowance recorded: Commercial real estate: Other $ 1,286 $ 1,151 $ — $ 867 $ 4 $ 4 1-4 Family residential real estate: Owner occupied 947 797 — 629 11 11 Non-owner occupied 274 217 — 225 — — With an allowance recorded: Commercial 147 148 3 160 4 4 Commercial real estate: Other — — — 205 6 6 1-4 Family residential real estate: Owner occupied 30 30 6 5 — — Total $ 2,684 $ 2,343 $ 9 $ 2,091 $ 25 $ 25 The following table presents information related to average recorded investment and interest income associated with loans individually evaluated for impairment by class of loans for the three December 31, 2020: Average Interest Cash Basis Recorded Income Interest Investment Recognized Recognized With no related allowance recorded: Commercial real estate: Other $ 907 $ 3 $ 3 1-4 Family residential real estate: Owner occupied 720 5 5 Non-owner occupied 220 — — With an allowance recorded: Commercial 150 2 2 Commercial real estate: Other 204 3 3 1-4 Family residential real estate: Owner occupied 10 — — Total $ 2,211 $ 13 $ 13 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 six December 31, 2019: As of June 30, 2020 Six Months ended December 31, 2019 Unpaid Allowance for Average Interest Cash Basis Principal Recorded Loan Losses Recorded Income Interest Balance Investment Allocated Investment Recognized Recognized With no related allowance recorded: Commercial real estate: Other $ 922 $ 836 $ — $ 303 $ 87 $ 87 1-4 Family residential real estate: Owner occupied 604 463 — 25 7 7 Non-owner occupied 284 236 — 254 — — With an allowance recorded: Commercial 176 179 28 167 5 5 Commercial real estate: Other 209 209 6 219 6 6 Total $ 2,195 $ 1,923 $ 34 $ 968 $ 105 $ 105 The following table presents information related to average recorded investment and interest income associated with loans individually evaluated for impairment by class of loans for the three December 31, 2019: Average Interest Cash Basis Recorded Income Interest Investment Recognized Recognized With no related allowance recorded: Commercial real estate: Other $ 244 $ 1 $ 1 1-4 Family residential real estate: Owner occupied 10 — — Non-owner occupied 250 — — With an allowance recorded: Commercial 165 2 2 Commercial real estate: Other 218 3 3 Total $ 887 $ 6 $ 6 The following table presents the recorded investment in non-accrual and loans past due over 90 December 31, 2020 June 30, 2020: December 31, 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 902 — 785 — 1 – 4 Family residential: Owner occupied 821 — 143 29 Non-owner occupied 217 — 236 — Consumer — — — 12 Total $ 1,940 $ — $ 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 December 31, 2020 Days Past Due 30 - 59 60 - 89 90 Days or Total Loans Not Days Days Greater Past Due Past Due Total Commercial $ — $ — $ — $ — $ 159,140 $ 159,140 Commercial real estate: Construction — — — — 3,791 3,791 Other — — 629 629 250,044 250,673 1-4 Family residential: Owner occupied 450 4 269 723 93,926 94,649 Non-owner occupied — — — — 20,223 20,223 Construction 4 — — 4 6,121 6,125 Consumer 261 49 — 310 23,953 24,263 Total $ 715 $ 53 $ 898 $ 1,666 $ 557,198 $ 558,864 The above table of past due loans includes the recorded investment in non-accrual loans of $898 90 $1,042 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 90 19 not December 31, 2020, 18 $667 As of December 31, 2020 June 30, 2020, $934 $974, December 31, 2020 June 30, 2020, not December 31, 2020 June 30, 2020, $3 $12, During the three six December 31, 2020 2019, no no three six December 31, 2020 2019. There were no 12 three six December 31, 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 December 31, 2020 Special Not Pass Mention Substandard Doubtful Rated Commercial $ 158,054 $ 453 $ 359 $ — $ 274 Commercial real estate: Construction 3,791 — — — — Other 241,702 1,933 5,075 902 1,061 1-4 Family residential real estate: Owner occupied 1,988 — 18 603 92,040 Non-owner occupied 19,265 173 210 217 358 Construction 1,306 — — — 4,819 Consumer 687 — — — 23,576 Total $ 426,793 $ 2,559 $ 5,662 $ 1,722 $ 122,128 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 | 6 Months Ended |
Dec. 31, 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 December 31, 2020 Balance at December 31, 2020 Level 1 Level 2 Level 3 Assets: U.S. Treasury $ 501 $ — $ 501 $ — Obligations of U.S. government-sponsored entities and agencies 8,109 — 8,109 — Obligations of states and political subdivisions 67,034 — 67,034 — U.S. Government-sponsored mortgage-backed securities – residential 58,248 — 58,248 — U.S. Government-sponsored mortgage-backed securities – commercial 7,078 — 7,078 — U.S. Government-sponsored collateralized mortgage obligations - residential 4,695 — 4,695 — Equity securities 400 — 400 — Fair Value Measurements at June 30, 2020 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 six December 31, 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 December 31, 2020 June 30, 2020 no three six December 31, 2020 2019. Other Real Estate and Repossessed Assets Owned: no December 31, 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: December 31 , 20 20 June 30, 20 20 Carrying Estimated Carrying Estimated Financial Assets: Level 1 inputs: Cash and cash equivalents $ 9,045 $ 9,045 $ 9,659 $ 9,659 Level 2 inputs: Certificates of deposit in other financial institutions 8,599 8,819 11,635 11,889 Loans held for sale 4,770 4,907 3,507 3,566 Accrued interest receivable 2,327 2,327 2,646 2,646 Level 3 inputs: Securities held-to-maturity 3,336 3,605 3,541 3,868 Loans, net 551,345 565,397 537,183 548,247 Financial Liabilities: Level 2 inputs: Demand and savings deposits 540,811 540,811 517,973 517,973 Time deposits 107,551 108,158 115,382 116,238 Short-term borrowings 13,275 13,275 6,943 6,943 Federal Home Loan Bank advances 18,083 18,423 31,161 31,571 Accrued interest payable 88 88 107 107 |
Note 6 - Earnings Per Share
Note 6 - Earnings Per Share | 6 Months Ended |
Dec. 31, 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 569 six December 31, 2020. 1,645 2,204 three six December 30, 2019. For the Three Months Ended December 31 , For the Six Months Ended December 31 , 2020 2019 2020 2019 Basic: Net income available to common shareholders $ 2,507 $ 1,440 $ 4,908 $ 2,943 Weighted average common shares outstanding 3,017,268 2,737,800 3,015,741 2,737,755 Basic income per share $ 0.83 $ 0.53 $ 1.63 $ 1.07 Diluted: Net income available to common shareholders $ 2,507 $ 1,440 $ 4,908 $ 2,943 Weighted average common shares outstanding 3,017,268 2,737,800 3,015,741 2,737,755 Dilutive effect of restricted stock 21 — — — Total common shares and dilutive potential common shares 3,017,289 2,737,800 3,015,741 2,737,755 Dilutive income per share $ 0.83 $ 0.53 $ 1.63 $ 1.07 |
Note 7 - Accumulated Other Comp
Note 7 - Accumulated Other Comprehensive Income (Loss) | 6 Months Ended |
Dec. 31, 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 six December 31, 2020 2019, Pretax Tax Effect After-tax Affected Line Item in Consolidated Statements of Income Balance as of September 30, 2020 $ 5,463 $ (1,147 ) $ 4,316 Unrealized holding loss on available-for-sale securities arising during the period 278 (59 ) 219 Amounts reclassified from accumulated other comprehensive income (8 ) 2 (6 ) (a)(b) Net current period other comprehensive loss 270 (57 ) 213 Balance as of December 31, 2020 $ 5,733 $ (1,204 ) $ 4,529 Balance as of September 30, 2019 $ 2,694 $ (566 ) $ 2,128 Unrealized holding gain on available-for-sale securities arising during the period (28 ) 5 (23 ) Amounts reclassified from accumulated other comprehensive income (4 ) 1 (3 ) (a)(b) Net current period other comprehensive income (32 ) 6 (26 ) Balance after reclassification as of December 31, 2019 $ 2,662 $ (560 ) $ 2,102 (a) Securities (gains) losses, net (b) Income tax expense 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 348 (73 ) 275 Amounts reclassified from accumulated other comprehensive income (8 ) 2 (6 ) (a)(b) Net current period other comprehensive income 340 (71 ) 269 Balance as of December 31, 2020 $ 5,733 $ (1,204 ) $ 4,529 Balance as of June 30, 2019 $ 1,982 $ (416 ) $ 1,566 Unrealized holding gain on available-for-sale securities arising during the period 790 (166 ) 624 Amounts reclassified from accumulated other comprehensive income (110 ) 22 (88 ) (a)(b) Net current period other comprehensive income 680 (144 ) 536 Balance after reclassification as of December 31, 2019 $ 2,662 $ (560 ) $ 2,102 (a) Securities (gains) losses, net (b) Income tax expense |
Note 8 - COVID-19
Note 8 - COVID-19 | 6 Months Ended |
Dec. 31, 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) | 6 Months Ended |
Dec. 31, 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 |
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 In March 2020, 2020 04, may one January 1, 2020. 2020 04 March 12, 2020 December 31, 2022. one may March 12, 2020. not 2020 04 |
Note 2 - Acquisition (Tables)
Note 2 - Acquisition (Tables) | 6 Months Ended |
Dec. 31, 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) | 6 Months Ended |
Dec. 31, 2020 | |
Notes Tables | |
Marketable Securities [Table Text Block] | Available –for-Sale Amortized Gross Gross Losses Fair December 31 , 2020 U.S. Treasury $ 499 $ 2 $ — $ 501 Obligations of U.S. government-sponsored entities and agencies 7,793 316 — 8,109 Obligations of state and political subdivisions 63,359 3,675 — 67,034 U.S. Government-sponsored mortgage-backed securities–residential 56,757 1,496 (5 ) 58,248 U.S. Government-sponsored mortgage-backed securities– commercial 7,004 75 (1 ) 7,078 U.S. Government-sponsored collateralized mortgage obligations– residential 4,520 175 — 4,695 Total available-for-sale securities $ 139,932 $ 5,739 $ (6 ) $ 145,665 Held-to-Maturity Amortized Gross Gross Fair December 31 , 2020 Obligations of state and political subdivisions $ 3,336 $ 269 $ — $ 3,605 Total held-to-maturity securities $ 3,336 $ 269 $ — $ 3,605 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 December 31, Six Months Ended December 31, 2020 2019 2020 2019 Proceeds from sales and calls $ 2,733 $ 1,650 2,733 6,110 Gross realized gains 31 4 31 110 Gross realized losses 23 — 23 — |
Investments Classified by Contractual Maturity Date [Table Text Block] | Available-for-Sale Amortized Cost Estimated Fair Value Due in one year or less $ 4,930 $ 5,006 Due after one year through five years 14,015 14,545 Due after five years through ten years 13,700 14,327 Due after ten years 39,006 41,766 Total 71,651 75,644 U.S. Government-sponsored mortgage-backed and related securities 69,281 70,021 Total available-for-sale securities $ 139,932 $ 145,665 Held-to-Maturity Due after one year through five years $ 334 $ 356 Due after five years through ten years 667 735 Due after ten years 2,335 2,514 Total held-to-maturity securities $ 3,336 $ 3,605 |
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 December 3 1 , 20 20 U.S. Government-sponsored mortgage-backed securities – residential 1,198 (5 ) — — 1,198 (5 ) U.S. Government-sponsored mortgage-backed securities- commercial 1,422 (1 ) — — 1,422 (1 ) Total temporarily impaired $ 2,620 $ (6 ) $ — $ — $ 2,620 $ (6 ) 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) | 6 Months Ended |
Dec. 31, 2020 | |
Notes Tables | |
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] | December 31, 2020 June 30, 2020 Commercial $ 158,911 $ 158,667 Commercial real estate: Construction 3,802 16,235 Other 250,529 229,029 1 – 4 Family residential real estate: Owner occupied 93,726 90,494 Non-owner occupied 20,210 19,370 Construction 6,026 9,344 Consumer 24,230 21,334 Subtotal 557,434 544,473 Net Deferred loan fees and costs (177 ) (1,612 ) Allowance for loan losses (5,912 ) (5,678 ) Net Loans $ 551,345 $ 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 $ 940 $ 3,694 $ 997 $ 136 $ 5,767 Provision for loan losses (82 ) 122 31 59 130 Loans charged-off — — — (12 ) (12 ) Recoveries — 1 — 26 27 Total ending allowance balance $ 858 $ 3,817 $ 1,028 $ 209 $ 5,912 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 (67 ) 192 39 96 260 Loans charged-off (22 ) — — (56 ) (78 ) Recoveries — 2 — 50 52 Total ending allowance balance $ 858 $ 3,817 $ 1,028 $ 209 $ 5,912 1-4 Family Commercial Residential Real Real Commercial Estate Estate Consumer Total Allowance for loan losses: Beginning balance $ 649 $ 2,645 $ 550 $ 65 $ 3,909 Provision for loan losses 117 6 64 (2 ) 185 Loans charged-off — — — (7 ) (7 ) Recoveries — 1 1 6 8 Total ending allowance balance $ 766 $ 2,652 $ 615 $ 62 $ 4,095 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 106 75 120 14 315 Loans charged-off — — — (23 ) (23 ) Recoveries — 2 1 12 15 Total ending allowance balance $ 766 $ 2,652 $ 615 $ 62 $ 4,095 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 $ — $ 6 $ — $ 9 Acquired loans collectively evaluated for impairment — 101 84 — 185 Originated loans collectively evaluated for impairment 855 3,716 938 209 5,718 Total ending allowance balance $ 858 $ 3,817 $ 1,028 $ 209 $ 5,912 Recorded investment in loans: Loans individually evaluated for impairment $ 148 $ 1,151 $ 1,044 $ — $ 2,343 Acquired loans collectively evaluated for impairment 661 7,824 23,220 8,935 40,640 Originated loans collectively evaluated for impairment 158,331 245,489 96,733 15,328 515,881 Total ending loans balance $ 159,140 $ 254,464 $ 120,997 $ 24,263 $ 558,864 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 December 31, 2020 Six Months ended December 31, 2020 Unpaid Allowance for Average Interest Cash Basis Principal Recorded Loan Losses Recorded Income Interest Balance Investment Allocated Investment Recognized Recognized With no related allowance recorded: Commercial real estate: Other $ 1,286 $ 1,151 $ — $ 867 $ 4 $ 4 1-4 Family residential real estate: Owner occupied 947 797 — 629 11 11 Non-owner occupied 274 217 — 225 — — With an allowance recorded: Commercial 147 148 3 160 4 4 Commercial real estate: Other — — — 205 6 6 1-4 Family residential real estate: Owner occupied 30 30 6 5 — — Total $ 2,684 $ 2,343 $ 9 $ 2,091 $ 25 $ 25 Average Interest Cash Basis Recorded Income Interest Investment Recognized Recognized With no related allowance recorded: Commercial real estate: Other $ 907 $ 3 $ 3 1-4 Family residential real estate: Owner occupied 720 5 5 Non-owner occupied 220 — — With an allowance recorded: Commercial 150 2 2 Commercial real estate: Other 204 3 3 1-4 Family residential real estate: Owner occupied 10 — — Total $ 2,211 $ 13 $ 13 As of June 30, 2020 Six Months ended December 31, 2019 Unpaid Allowance for Average Interest Cash Basis Principal Recorded Loan Losses Recorded Income Interest Balance Investment Allocated Investment Recognized Recognized With no related allowance recorded: Commercial real estate: Other $ 922 $ 836 $ — $ 303 $ 87 $ 87 1-4 Family residential real estate: Owner occupied 604 463 — 25 7 7 Non-owner occupied 284 236 — 254 — — With an allowance recorded: Commercial 176 179 28 167 5 5 Commercial real estate: Other 209 209 6 219 6 6 Total $ 2,195 $ 1,923 $ 34 $ 968 $ 105 $ 105 Average Interest Cash Basis Recorded Income Interest Investment Recognized Recognized With no related allowance recorded: Commercial real estate: Other $ 244 $ 1 $ 1 1-4 Family residential real estate: Owner occupied 10 — — Non-owner occupied 250 — — With an allowance recorded: Commercial 165 2 2 Commercial real estate: Other 218 3 3 Total $ 887 $ 6 $ 6 |
Financing Receivable, Past Due [Table Text Block] | December 31, 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 902 — 785 — 1 – 4 Family residential: Owner occupied 821 — 143 29 Non-owner occupied 217 — 236 — Consumer — — — 12 Total $ 1,940 $ — $ 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 $ — $ — $ — $ — $ 159,140 $ 159,140 Commercial real estate: Construction — — — — 3,791 3,791 Other — — 629 629 250,044 250,673 1-4 Family residential: Owner occupied 450 4 269 723 93,926 94,649 Non-owner occupied — — — — 20,223 20,223 Construction 4 — — 4 6,121 6,125 Consumer 261 49 — 310 23,953 24,263 Total $ 715 $ 53 $ 898 $ 1,666 $ 557,198 $ 558,864 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 December 31, 2020 Special Not Pass Mention Substandard Doubtful Rated Commercial $ 158,054 $ 453 $ 359 $ — $ 274 Commercial real estate: Construction 3,791 — — — — Other 241,702 1,933 5,075 902 1,061 1-4 Family residential real estate: Owner occupied 1,988 — 18 603 92,040 Non-owner occupied 19,265 173 210 217 358 Construction 1,306 — — — 4,819 Consumer 687 — — — 23,576 Total $ 426,793 $ 2,559 $ 5,662 $ 1,722 $ 122,128 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) | 6 Months Ended |
Dec. 31, 2020 | |
Notes Tables | |
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block] | Fair Value Measurements at December 31, 2020 Balance at December 31, 2020 Level 1 Level 2 Level 3 Assets: U.S. Treasury $ 501 $ — $ 501 $ — Obligations of U.S. government-sponsored entities and agencies 8,109 — 8,109 — Obligations of states and political subdivisions 67,034 — 67,034 — U.S. Government-sponsored mortgage-backed securities – residential 58,248 — 58,248 — U.S. Government-sponsored mortgage-backed securities – commercial 7,078 — 7,078 — U.S. Government-sponsored collateralized mortgage obligations - residential 4,695 — 4,695 — Equity securities 400 — 400 — Fair Value Measurements at June 30, 2020 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] | December 31 , 20 20 June 30, 20 20 Carrying Estimated Carrying Estimated Financial Assets: Level 1 inputs: Cash and cash equivalents $ 9,045 $ 9,045 $ 9,659 $ 9,659 Level 2 inputs: Certificates of deposit in other financial institutions 8,599 8,819 11,635 11,889 Loans held for sale 4,770 4,907 3,507 3,566 Accrued interest receivable 2,327 2,327 2,646 2,646 Level 3 inputs: Securities held-to-maturity 3,336 3,605 3,541 3,868 Loans, net 551,345 565,397 537,183 548,247 Financial Liabilities: Level 2 inputs: Demand and savings deposits 540,811 540,811 517,973 517,973 Time deposits 107,551 108,158 115,382 116,238 Short-term borrowings 13,275 13,275 6,943 6,943 Federal Home Loan Bank advances 18,083 18,423 31,161 31,571 Accrued interest payable 88 88 107 107 |
Note 6 - Earnings Per Share (Ta
Note 6 - Earnings Per Share (Tables) | 6 Months Ended |
Dec. 31, 2020 | |
Notes Tables | |
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | For the Three Months Ended December 31 , For the Six Months Ended December 31 , 2020 2019 2020 2019 Basic: Net income available to common shareholders $ 2,507 $ 1,440 $ 4,908 $ 2,943 Weighted average common shares outstanding 3,017,268 2,737,800 3,015,741 2,737,755 Basic income per share $ 0.83 $ 0.53 $ 1.63 $ 1.07 Diluted: Net income available to common shareholders $ 2,507 $ 1,440 $ 4,908 $ 2,943 Weighted average common shares outstanding 3,017,268 2,737,800 3,015,741 2,737,755 Dilutive effect of restricted stock 21 — — — Total common shares and dilutive potential common shares 3,017,289 2,737,800 3,015,741 2,737,755 Dilutive income per share $ 0.83 $ 0.53 $ 1.63 $ 1.07 |
Note 7 - Accumulated Other Co_2
Note 7 - Accumulated Other Comprehensive Income (Loss) (Tables) | 6 Months Ended |
Dec. 31, 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 September 30, 2020 $ 5,463 $ (1,147 ) $ 4,316 Unrealized holding loss on available-for-sale securities arising during the period 278 (59 ) 219 Amounts reclassified from accumulated other comprehensive income (8 ) 2 (6 ) (a)(b) Net current period other comprehensive loss 270 (57 ) 213 Balance as of December 31, 2020 $ 5,733 $ (1,204 ) $ 4,529 Balance as of September 30, 2019 $ 2,694 $ (566 ) $ 2,128 Unrealized holding gain on available-for-sale securities arising during the period (28 ) 5 (23 ) Amounts reclassified from accumulated other comprehensive income (4 ) 1 (3 ) (a)(b) Net current period other comprehensive income (32 ) 6 (26 ) Balance after reclassification as of December 31, 2019 $ 2,662 $ (560 ) $ 2,102 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 348 (73 ) 275 Amounts reclassified from accumulated other comprehensive income (8 ) 2 (6 ) (a)(b) Net current period other comprehensive income 340 (71 ) 269 Balance as of December 31, 2020 $ 5,733 $ (1,204 ) $ 4,529 Balance as of June 30, 2019 $ 1,982 $ (416 ) $ 1,566 Unrealized holding gain on available-for-sale securities arising during the period 790 (166 ) 624 Amounts reclassified from accumulated other comprehensive income (110 ) 22 (88 ) (a)(b) Net current period other comprehensive income 680 (144 ) 536 Balance after reclassification as of December 31, 2019 $ 2,662 $ (560 ) $ 2,102 |
Note 1 - Summary of Significa_2
Note 1 - Summary of Significant Accounting Policies (Details Textual) | 6 Months Ended |
Dec. 31, 2020 | |
Number of Reportable Segments | 1 |
Note 2 - Acquisition (Details T
Note 2 - Acquisition (Details Textual) - USD ($) $ in Thousands | Dec. 29, 2020 | Jan. 01, 2020 | Dec. 31, 2019 | Jun. 30, 2020 |
Core Deposits [Member] | ||||
Finite-Lived Intangible Asset, Useful Life (Year) | 10 years | |||
CFBank Branches [Member] | ||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Certificates of Deposit | $ 100,000 | |||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Marketable Securities | 15,000 | |||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Loans Receivable, Net | $ 3,100 | |||
Business Combination, Consideration Transferred, Deposit Premium, Percent | 1.75% | |||
CFBank Branches [Member] | Single Family Residential Mortgage Loans and Home Equity Lines of Credit [Member] | Maximum [Member] | ||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Loans Receivable, Net | $ 13,500 | |||
CFBank Branches [Member] | Commercial and Commercial Real Estate Loans [Member] | Minimum [Member] | ||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Loans Receivable, Net | $ 15,000 | |||
Peoples Bancorp of Mt. Pleasant, Inc. [Member] | ||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Certificates of Deposit | $ 11,839 | |||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Marketable Securities | 4,051 | |||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Loans Receivable, Net | 55,320 | |||
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 | Dec. 31, 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 | ||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Certificates of Deposit | 11,839 | ||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Marketable Securities | 4,051 | ||
Federal bank and other restricted stocks, at cost | 154 | ||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Loans Receivable, 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) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2020 | Dec. 31, 2019 | |
Available-for-sale Securities Income Tax Provision on Gross Realized Gains | $ 2 | $ 1 | $ 2 | $ 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 | Dec. 31, 2020 | Jun. 30, 2020 |
Available-for-sale securities, amortized cost | $ 139,932 | $ 138,525 |
Available-for-sale securities, gross unrealized gains | 5,739 | 5,411 |
Available-for-sale securities, gross unrealized losses | (6) | (18) |
Available-for-sale securities, fair value | 145,665 | 143,918 |
Held-to-maturity, amortized cost | 3,336 | 3,541 |
Held-to-maturity, gross unrecognized gains | 269 | 327 |
Held-to-maturity, gross unrecognized losses | ||
Held-to-maturity, fair value | 3,605 | 3,868 |
US Treasury Securities [Member] | ||
Available-for-sale securities, amortized cost | 499 | 1,248 |
Available-for-sale securities, gross unrealized gains | 2 | 8 |
Available-for-sale securities, gross unrealized losses | ||
Available-for-sale securities, fair value | 501 | 1,256 |
US States and Political Subdivisions Debt Securities [Member] | ||
Available-for-sale securities, amortized cost | 63,359 | 60,343 |
Available-for-sale securities, gross unrealized gains | 3,675 | 3,149 |
Available-for-sale securities, gross unrealized losses | ||
Available-for-sale securities, fair value | 67,034 | 63,492 |
Held-to-maturity, amortized cost | 3,336 | 3,541 |
Held-to-maturity, gross unrecognized gains | 269 | 327 |
Held-to-maturity, gross unrecognized losses | ||
Held-to-maturity, fair value | 3,605 | 3,868 |
US Government-sponsored Enterprises Debt Securities [Member] | ||
Available-for-sale securities, amortized cost | 7,793 | 10,133 |
Available-for-sale securities, gross unrealized gains | 316 | 399 |
Available-for-sale securities, gross unrealized losses | ||
Available-for-sale securities, fair value | 8,109 | 10,532 |
Residential Mortgage Backed Securities [Member] | ||
Available-for-sale securities, amortized cost | 56,757 | 48,645 |
Available-for-sale securities, gross unrealized gains | 1,496 | 1,515 |
Available-for-sale securities, gross unrealized losses | (5) | (4) |
Available-for-sale securities, fair value | 58,248 | 50,156 |
Commercial Mortgage Backed Securities [Member] | ||
Available-for-sale securities, amortized cost | 7,004 | 8,444 |
Available-for-sale securities, gross unrealized gains | 75 | 55 |
Available-for-sale securities, gross unrealized losses | (1) | (2) |
Available-for-sale securities, fair value | 7,078 | 8,497 |
Collateralized Mortgage Obligations [Member] | ||
Available-for-sale securities, amortized cost | 4,520 | 9,712 |
Available-for-sale securities, gross unrealized gains | 175 | 285 |
Available-for-sale securities, gross unrealized losses | (12) | |
Available-for-sale securities, fair value | $ 4,695 | $ 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 | 6 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2020 | Dec. 31, 2019 | |
Proceeds from sales and calls | $ 2,733 | $ 1,650 | $ 2,733 | $ 6,110 |
Gross realized gains | 31 | 4 | 31 | 110 |
Gross realized losses | $ 23 | $ 23 |
Note 3 - Securities - Amortiz_2
Note 3 - Securities - Amortized Cost and Fair Values of Debt Securities by Contractual Maturity (Details) - USD ($) $ in Thousands | Dec. 31, 2020 | Jun. 30, 2020 |
Available-for-sale Securities, Debt Maturities, Next Twelve Months, Amortized Cost Basis | $ 4,930 | |
Available-for-sale Securities, Debt Maturities, Next Twelve Months, Fair Value | 5,006 | |
Available-for-sale Securities, Debt Maturities, Year Two Through Five, Amortized Cost Basis | 14,015 | |
Available-for-sale Securities, Debt Maturities, Year Two Through Five, Fair Value | 14,545 | |
Available-for-sale Securities, Debt Maturities, Year Six Through Ten, Amortized Cost Basis | 13,700 | |
Available-for-sale Securities, Debt Maturities, Year Six Through Ten, Fair Value | 14,327 | |
Available-for-sale Securities, Debt Maturities, after Ten Years, Amortized Cost Basis | 39,006 | |
Available-for-sale Securities, Debt Maturities, after Ten Years, Fair Value | 41,766 | |
Available-for-sale Securities, Debt Maturities, Single Maturity Date, Amortized Cost Basis | 71,651 | |
Available-for-sale Securities, Debt Maturities, Single Maturity Date | 75,644 | |
Available-for-sale securities, Amortized Cost Basis | 139,932 | $ 138,525 |
Total available-for-sale securities | 145,665 | 143,918 |
Due after one year through five years, Net Carrying Amount | 334 | |
Due after one year through five years, Fair Value | 356 | |
Held-to-maturity Securities, Debt Maturities, after Five Through Ten Years, Net Carrying Amount | 667 | |
Held-to-maturity Securities, Debt Maturities, Year Five Through Ten, Fair Value | 735 | |
Held-to-maturity Securities, Debt Maturities, after Ten Years, Net Carrying Amount | 2,335 | |
Held-to-maturity Securities, Debt Maturities, after Ten Years, Fair Value | 2,514 | |
Total held-to-maturity securities | 3,336 | 3,541 |
Held-to-maturity Securities, Fair Value | 3,605 | $ 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 | 69,281 | |
Available-for-sale Securities, Debt Maturities, without Single Maturity Date, Fair Value | $ 70,021 |
Note 3 - Securities - Securitie
Note 3 - Securities - Securities With Unrealized and Unrecognized Losses (Details) - USD ($) $ in Thousands | Dec. 31, 2020 | Jun. 30, 2020 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value | $ 2,620 | $ 3,506 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Loss | (6) | (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 | 2,620 | 4,131 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss | (6) | (18) |
Residential Mortgage Backed Securities [Member] | ||
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value | 1,198 | |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Loss | (5) | |
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 | 1,198 | 625 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss | (5) | (4) |
Commercial Mortgage Backed Securities [Member] | ||
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value | 1,422 | 1,806 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Loss | (1) | (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 | 1,422 | 1,806 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss | $ (1) | (2) |
Collateralized Mortgage Obligations [Member] | ||
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value | 1,700 | |
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 | 1,700 | |
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss | $ (12) |
Note 4 - Loans (Details Textual
Note 4 - Loans (Details Textual) $ in Thousands | 3 Months Ended | 6 Months Ended | |||
Dec. 31, 2020USD ($) | Dec. 31, 2019USD ($) | Dec. 31, 2020USD ($) | Dec. 31, 2019USD ($) | Jun. 30, 2020USD ($) | |
Loans and Leases Receivable, Gross, Total | $ 557,434 | $ 557,434 | $ 544,473 | ||
Interest Receivable | 1,607 | 1,607 | 1,936 | ||
Financing Receivable, Nonaccrual | $ 1,940 | $ 1,940 | 1,185 | ||
Financing Receivable, Number of Loans Deferred Under Loan Modification Program | 18 | 18 | |||
Financing Receivable, Deferred Payments | $ 667 | $ 667 | |||
Financing Receivable, Troubled Debt Restructuring | 934 | 934 | 974 | ||
Financing Receivable, Troubled Debt Restructuring, Commitment to Lend | 0 | 0 | 0 | ||
Troubled Debt Restructuring, Debtor, Subsequent Periods, Contingent Payments, Amount, Total | $ 3 | $ 3 | 12 | ||
Financing Receivable, Modifications, Number of Contracts | 0 | 0 | 0 | 0 | |
Financing Receivables, Impaired, Troubled Debt Restructuring, Write-down | $ 0 | $ 0 | $ 0 | $ 0 | |
Financing Receivable, Troubled Debt Restructuring, Subsequent Default, Number of Contracts | 0 | 0 | 0 | 0 | |
Threshold Amount of Loans Outstanding to Perform Credit Analysis | $ 100 | $ 100 | |||
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | |||||
Financing Receivable, Nonaccrual | 898 | 898 | 792 | ||
Financial Asset, 60 to 89 Days Past Due [Member] | |||||
Financing Receivable, Nonaccrual | 2 | ||||
Commercial Portfolio Segment [Member] | |||||
Loans and Leases Receivable, Gross, Total | 158,911 | 158,911 | 158,667 | ||
Financing Receivable, Nonaccrual | 21 | ||||
Commercial Portfolio Segment [Member] | SBA CARES Act Paycheck Protection Program [Member] | |||||
Loans and Leases Receivable, Gross, Total | 52,539 | 52,539 | 66,606 | ||
Commercial Portfolio Segment [Member] | Mortgage Loan Warehouse Line of Credit [Member] | |||||
Loans and Leases Receivable, Gross, Total | 47,268 | 47,268 | 32,869 | ||
Non-accrual Loans [Member] | |||||
Financing Receivable, Nonaccrual | $ 1,042 | $ 1,042 | $ 391 |
Note 4 - Loans - Major Classifi
Note 4 - Loans - Major Classifications (Details) - USD ($) $ in Thousands | Dec. 31, 2020 | Sep. 30, 2020 | Jun. 30, 2020 | Dec. 31, 2019 | Sep. 30, 2019 | Jun. 30, 2019 |
Loans and Leases Receivable, Gross, Total | $ 557,434 | $ 544,473 | ||||
Net Deferred loan fees and costs | (177) | (1,612) | ||||
Allowance for loan losses | (5,912) | $ (5,767) | (5,678) | $ (4,095) | $ (3,909) | $ (3,788) |
Net loans | 551,345 | 537,183 | ||||
Commercial Portfolio Segment [Member] | ||||||
Loans and Leases Receivable, Gross, Total | 158,911 | 158,667 | ||||
Allowance for loan losses | (858) | (940) | (947) | (766) | (649) | (660) |
Commercial Real Estate Portfolio Segment [Member] | ||||||
Allowance for loan losses | (3,817) | (3,694) | (3,623) | (2,652) | (2,645) | (2,575) |
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | ||||||
Loans and Leases Receivable, Gross, Total | 3,802 | 16,235 | ||||
Commercial Real Estate Portfolio Segment [Member] | Other Commercial Real Estate Loans [Member] | ||||||
Loans and Leases Receivable, Gross, Total | 250,529 | 229,029 | ||||
Residential Portfolio Segment [Member] | ||||||
Allowance for loan losses | (1,028) | (997) | (989) | (615) | (550) | (494) |
Residential Portfolio Segment [Member] | Construction Loans [Member] | ||||||
Loans and Leases Receivable, Gross, Total | 6,026 | 9,344 | ||||
Residential Portfolio Segment [Member] | Residential Real Estate Owner Occupied Loans [Member] | ||||||
Loans and Leases Receivable, Gross, Total | 93,726 | 90,494 | ||||
Residential Portfolio Segment [Member] | Residential Real Estate Non-owner Occupied Loans [Member] | ||||||
Loans and Leases Receivable, Gross, Total | 20,210 | 19,370 | ||||
Consumer Portfolio Segment [Member] | ||||||
Loans and Leases Receivable, Gross, Total | 24,230 | 21,334 | ||||
Allowance for loan losses | $ (209) | $ (136) | $ (119) | $ (62) | $ (65) | $ (59) |
Note 4 - Loans - Allowance for
Note 4 - Loans - Allowance for Loan Losses by Portfolio Segment (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2020 | Jun. 30, 2020 | |
Beginning balance | $ 5,767 | $ 3,909 | $ 5,678 | $ 3,788 | ||
Provision for loan losses | 130 | 185 | 260 | 315 | ||
Loans charged-off | (12) | (7) | (78) | (23) | ||
Recoveries | 27 | 8 | 52 | 15 | ||
Total ending allowance balance | 5,912 | 4,095 | 5,912 | 4,095 | ||
Individually evaluated for impairment | $ 9 | $ 34 | ||||
Total ending allowance balance | 5,767 | 4,095 | 5,678 | 3,788 | 5,912 | 5,678 |
Loans individually evaluated for impairment | 2,343 | 1,923 | ||||
Total ending loans balance | 558,864 | 544,797 | ||||
Financial Asset Acquired [Member] | ||||||
Collectively evaluated for impairment | 185 | 197 | ||||
Loans collectively evaluated for impairment | 40,640 | 48,969 | ||||
Financial Asset Originated [Member] | ||||||
Collectively evaluated for impairment | 5,718 | 5,447 | ||||
Loans collectively evaluated for impairment | 515,881 | 493,905 | ||||
Commercial Portfolio Segment [Member] | ||||||
Beginning balance | 940 | 649 | 947 | 660 | ||
Provision for loan losses | (82) | 117 | (67) | 106 | ||
Loans charged-off | (22) | |||||
Recoveries | ||||||
Total ending allowance balance | 858 | 766 | 858 | 766 | ||
Individually evaluated for impairment | 3 | 28 | ||||
Total ending allowance balance | 858 | 766 | 947 | 660 | 858 | 947 |
Loans individually evaluated for impairment | 148 | 179 | ||||
Total ending loans balance | 159,140 | 157,328 | ||||
Commercial Portfolio Segment [Member] | Financial Asset Acquired [Member] | ||||||
Collectively evaluated for impairment | ||||||
Loans collectively evaluated for impairment | 661 | 1,095 | ||||
Commercial Portfolio Segment [Member] | Financial Asset Originated [Member] | ||||||
Collectively evaluated for impairment | 855 | 919 | ||||
Loans collectively evaluated for impairment | 158,331 | 156,054 | ||||
Commercial Real Estate Portfolio Segment [Member] | ||||||
Beginning balance | 3,694 | 2,645 | 3,623 | 2,575 | ||
Provision for loan losses | 122 | 6 | 192 | 75 | ||
Loans charged-off | ||||||
Recoveries | 1 | 1 | 2 | 2 | ||
Total ending allowance balance | 3,817 | 2,652 | 3,817 | 2,652 | ||
Individually evaluated for impairment | 6 | |||||
Total ending allowance balance | 3,817 | 2,652 | 3,623 | 2,575 | 3,817 | 3,623 |
Loans individually evaluated for impairment | 1,151 | 1,045 | ||||
Total ending loans balance | 254,464 | 245,957 | ||||
Commercial Real Estate Portfolio Segment [Member] | Financial Asset Acquired [Member] | ||||||
Collectively evaluated for impairment | 101 | 103 | ||||
Loans collectively evaluated for impairment | 7,824 | 8,072 | ||||
Commercial Real Estate Portfolio Segment [Member] | Financial Asset Originated [Member] | ||||||
Collectively evaluated for impairment | 3,716 | 3,514 | ||||
Loans collectively evaluated for impairment | 245,489 | 236,840 | ||||
Residential Portfolio Segment [Member] | ||||||
Beginning balance | 997 | 550 | 989 | 494 | ||
Provision for loan losses | 31 | 64 | 39 | 120 | ||
Loans charged-off | ||||||
Recoveries | 1 | 1 | ||||
Total ending allowance balance | 1,028 | 615 | 1,028 | 615 | ||
Individually evaluated for impairment | 6 | |||||
Total ending allowance balance | 1,028 | 615 | 989 | 494 | 1,028 | 989 |
Loans individually evaluated for impairment | 1,044 | 699 | ||||
Total ending loans balance | 120,997 | 120,119 | ||||
Residential Portfolio Segment [Member] | Financial Asset Acquired [Member] | ||||||
Collectively evaluated for impairment | 84 | 94 | ||||
Loans collectively evaluated for impairment | 23,220 | 27,252 | ||||
Residential Portfolio Segment [Member] | Financial Asset Originated [Member] | ||||||
Collectively evaluated for impairment | 938 | 895 | ||||
Loans collectively evaluated for impairment | 96,733 | 92,168 | ||||
Consumer Portfolio Segment [Member] | ||||||
Beginning balance | 136 | 65 | 119 | 59 | ||
Provision for loan losses | 59 | (2) | 96 | 14 | ||
Loans charged-off | (12) | (7) | (56) | (23) | ||
Recoveries | 26 | 6 | 50 | 12 | ||
Total ending allowance balance | 209 | 62 | 209 | 62 | ||
Individually evaluated for impairment | ||||||
Total ending allowance balance | $ 209 | $ 62 | $ 119 | $ 59 | 209 | 119 |
Loans individually evaluated for impairment | ||||||
Total ending loans balance | 24,263 | 21,393 | ||||
Consumer Portfolio Segment [Member] | Financial Asset Acquired [Member] | ||||||
Collectively evaluated for impairment | ||||||
Loans collectively evaluated for impairment | 8,935 | 12,550 | ||||
Consumer Portfolio Segment [Member] | Financial Asset Originated [Member] | ||||||
Collectively evaluated for impairment | 209 | 119 | ||||
Loans collectively evaluated for impairment | $ 15,328 | $ 8,843 |
Note 4 - Loans - Impaired Loans
Note 4 - Loans - Impaired Loans (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | |||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2020 | Dec. 31, 2019 | Jun. 30, 2020 | |
Impaired Financing Receivable, Related Allowance | $ 9 | $ 9 | $ 34 | ||
Impaired Financing Receivable, Unpaid Principal Balance | 2,684 | 2,684 | 2,195 | ||
Impaired Financing Receivable, Recorded Investment | 2,343 | 2,343 | 1,923 | ||
Impaired Financing Receivable, Average Recorded Investment | 2,211 | $ 887 | 2,091 | $ 968 | |
Impaired Financing Receivable, Interest Income, Accrual Method | 13 | 6 | 25 | 105 | |
Impaired Financing Receivable, Interest Income, Cash Basis Method | 13 | 6 | 25 | 105 | |
Commercial Real Estate Portfolio Segment [Member] | Other Commercial Real Estate Loans [Member] | |||||
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance | 1,286 | 1,286 | 922 | ||
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | 1,151 | 1,151 | 836 | ||
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 907 | 244 | 867 | 303 | |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 3 | 1 | 4 | 87 | |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Cash Basis Method | 3 | 1 | 4 | 87 | |
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance | 209 | ||||
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 209 | ||||
Impaired Financing Receivable, Related Allowance | 6 | ||||
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment | 204 | 218 | 205 | 219 | |
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method | 3 | 3 | 6 | 6 | |
Impaired Financing Receivable, with Related Allowance, Interest Income, Cash Basis Method | 3 | 3 | 6 | 6 | |
Residential Portfolio Segment [Member] | Residential Real Estate Owner Occupied Loans [Member] | |||||
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance | 947 | 947 | 604 | ||
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | 797 | 797 | 463 | ||
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 720 | 10 | 629 | 25 | |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 5 | 11 | 7 | ||
Impaired Financing Receivable, with No Related Allowance, Interest Income, Cash Basis Method | 5 | 11 | 7 | ||
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance | 30 | 30 | |||
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 30 | 30 | |||
Impaired Financing Receivable, Related Allowance | 6 | 6 | |||
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment | 10 | 5 | |||
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method | |||||
Impaired Financing Receivable, with Related Allowance, Interest Income, Cash Basis Method | |||||
Residential Portfolio Segment [Member] | Residential Real Estate Non-owner Occupied Loans [Member] | |||||
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance | 274 | 274 | 284 | ||
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | 217 | 217 | 236 | ||
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 220 | 250 | 225 | 254 | |
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, Interest Income, Cash Basis Method | 5 | ||||
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance | 147 | 147 | 176 | ||
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 148 | 148 | 179 | ||
Impaired Financing Receivable, Related Allowance | 3 | 3 | $ 28 | ||
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment | 150 | 165 | 160 | 167 | |
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method | 2 | 2 | 4 | $ 5 | |
Impaired Financing Receivable, with Related Allowance, Interest Income, Cash Basis Method | $ 2 | $ 2 | $ 4 |
Note 4 - Loans - Loans Past Due
Note 4 - Loans - Loans Past Due (Details) - USD ($) $ in Thousands | Dec. 31, 2020 | Jun. 30, 2020 |
Financing Receivable, Recorded Investment, Nonaccrual Status | $ 1,940 | $ 1,185 |
Financing Receivable, Recorded Investment, 90 Days Past Due and Still Accruing | 41 | |
Financing Receivable, Recorded Investment, Past Due | 1,666 | 1,011 |
Financing Receivable, Recorded Investment, Not Past Due | 557,198 | 543,786 |
Financing Receivable, Recorded Investment, Total | 558,864 | 544,797 |
Financial Asset, 30 to 59 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due | 715 | 127 |
Financial Asset, 60 to 89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Nonaccrual Status | 2 | |
Financing Receivable, Recorded Investment, Past Due | 53 | 51 |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Nonaccrual Status | 898 | 792 |
Financing Receivable, Recorded Investment, Past Due | 898 | 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 | 159,140 | 157,307 |
Financing Receivable, Recorded Investment, Total | 159,140 | 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 | 254,464 | 245,957 |
Commercial Real Estate Portfolio Segment [Member] | Other Commercial Real Estate Loans [Member] | ||
Financing Receivable, Recorded Investment, Nonaccrual Status | 902 | 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 | 250,044 | 229,086 |
Financing Receivable, Recorded Investment, Total | 250,673 | 229,716 |
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due | ||
Financing Receivable, Recorded Investment, Not Past Due | 3,791 | 16,241 |
Financing Receivable, Recorded Investment, Total | 3,791 | 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 | 120,997 | 120,119 |
Residential Portfolio Segment [Member] | Construction Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due | 4 | |
Financing Receivable, Recorded Investment, Not Past Due | 6,121 | 9,435 |
Financing Receivable, Recorded Investment, Total | 6,125 | 9,435 |
Residential Portfolio Segment [Member] | Residential Real Estate Owner Occupied Loans [Member] | ||
Financing Receivable, Recorded Investment, Nonaccrual Status | 821 | 143 |
Financing Receivable, Recorded Investment, 90 Days Past Due and Still Accruing | 29 | |
Financing Receivable, Recorded Investment, Past Due | 723 | 172 |
Financing Receivable, Recorded Investment, Not Past Due | 93,926 | 91,102 |
Financing Receivable, Recorded Investment, Total | 94,649 | 91,274 |
Residential Portfolio Segment [Member] | Residential Real Estate Non-owner Occupied Loans [Member] | ||
Financing Receivable, Recorded Investment, Nonaccrual Status | 217 | 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 | 20,223 | 19,410 |
Financing Receivable, Recorded Investment, Total | 20,223 | 19,410 |
Residential Portfolio Segment [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | Construction Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due | 4 | |
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 | 450 | |
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 | 4 | |
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 | 269 | 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 | 310 | 188 |
Financing Receivable, Recorded Investment, Not Past Due | 23,953 | 21,205 |
Financing Receivable, Recorded Investment, Total | 24,263 | 21,393 |
Consumer Portfolio Segment [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due | 261 | 127 |
Consumer Portfolio Segment [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due | 49 | 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 | Dec. 31, 2020 | Jun. 30, 2020 |
Pass [Member] | ||
Financing Receivable, Net | $ 426,793 | $ 413,704 |
Special Mention [Member] | ||
Financing Receivable, Net | 2,559 | 1,798 |
Substandard [Member] | ||
Financing Receivable, Net | 5,662 | 9,914 |
Doubtful [Member] | ||
Financing Receivable, Net | 1,722 | 1,042 |
Not Rated [Member] | ||
Financing Receivable, Net | 122,128 | 118,339 |
Commercial Portfolio Segment [Member] | Pass [Member] | ||
Financing Receivable, Net | 158,054 | 152,911 |
Commercial Portfolio Segment [Member] | Special Mention [Member] | ||
Financing Receivable, Net | 453 | 143 |
Commercial Portfolio Segment [Member] | Substandard [Member] | ||
Financing Receivable, Net | 359 | 3,979 |
Commercial Portfolio Segment [Member] | Doubtful [Member] | ||
Financing Receivable, Net | 21 | |
Commercial Portfolio Segment [Member] | Not Rated [Member] | ||
Financing Receivable, Net | 274 | 274 |
Commercial Real Estate Portfolio Segment [Member] | Pass [Member] | Construction Loans [Member] | ||
Financing Receivable, Net | 3,791 | 16,241 |
Commercial Real Estate Portfolio Segment [Member] | Pass [Member] | Other Commercial Real Estate Loans [Member] | ||
Financing Receivable, Net | 241,702 | 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 | 1,933 | 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 | 5,075 | 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 | 902 | 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 | 1,061 | 1,773 |
Residential Portfolio Segment [Member] | Pass [Member] | Construction Loans [Member] | ||
Financing Receivable, Net | 1,306 | 3,234 |
Residential Portfolio Segment [Member] | Pass [Member] | Residential Real Estate Owner Occupied Loans [Member] | ||
Financing Receivable, Net | 1,988 | 2,419 |
Residential Portfolio Segment [Member] | Pass [Member] | Residential Real Estate Non-owner Occupied Loans [Member] | ||
Financing Receivable, Net | 19,265 | 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 | 173 | 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 | 18 | 334 |
Residential Portfolio Segment [Member] | Substandard [Member] | Residential Real Estate Non-owner Occupied Loans [Member] | ||
Financing Receivable, Net | 210 | 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 | 603 | |
Residential Portfolio Segment [Member] | Doubtful [Member] | Residential Real Estate Non-owner Occupied Loans [Member] | ||
Financing Receivable, Net | 217 | 236 |
Residential Portfolio Segment [Member] | Not Rated [Member] | Construction Loans [Member] | ||
Financing Receivable, Net | 4,819 | 6,201 |
Residential Portfolio Segment [Member] | Not Rated [Member] | Residential Real Estate Owner Occupied Loans [Member] | ||
Financing Receivable, Net | 92,040 | 88,521 |
Residential Portfolio Segment [Member] | Not Rated [Member] | Residential Real Estate Non-owner Occupied Loans [Member] | ||
Financing Receivable, Net | 358 | 330 |
Consumer Portfolio Segment [Member] | Pass [Member] | ||
Financing Receivable, Net | 687 | 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 | $ 23,576 | $ 21,240 |
Note 5 - Fair Value (Details Te
Note 5 - Fair Value (Details Textual) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | |||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2020 | Dec. 31, 2019 | Jun. 30, 2020 | |
Impaired Financing Receivable, Related Allowance | $ 9 | $ 9 | $ 34 | ||
Other Real Estate Owned, Fair Value Disclosure | 0 | 0 | 0 | ||
Fair Value, Nonrecurring [Member] | Impaired Loans [Member] | |||||
Impaired Financing Receivable, Related Allowance | 0 | 0 | $ 0 | ||
Allowance for Loan and Lease Losses, Period Increase (Decrease), Total | $ 0 | $ 0 | $ 0 | $ 0 |
Note 5 - Fair Value - Assets an
Note 5 - Fair Value - Assets and Liabilities Measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Thousands | Dec. 31, 2020 | Jun. 30, 2020 |
Securities, available-for-sale | $ 145,665 | $ 143,918 |
Equity securities | 400 | |
US Treasury Securities [Member] | ||
Securities, available-for-sale | 501 | 1,256 |
US Government-sponsored Enterprises Debt Securities [Member] | ||
Securities, available-for-sale | 8,109 | 10,532 |
US States and Political Subdivisions Debt Securities [Member] | ||
Securities, available-for-sale | 67,034 | 63,492 |
Residential Mortgage Backed Securities [Member] | ||
Securities, available-for-sale | 58,248 | 50,156 |
Commercial Mortgage Backed Securities [Member] | ||
Securities, available-for-sale | 7,078 | 8,497 |
Collateralized Mortgage Obligations [Member] | ||
Securities, available-for-sale | 4,695 | 9,985 |
Fair Value, Recurring [Member] | ||
Equity securities | 400 | |
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Equity securities | ||
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Equity securities | 400 | |
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Equity securities | ||
Fair Value, Recurring [Member] | US Treasury Securities [Member] | ||
Securities, available-for-sale | 501 | 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 | 501 | 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 | 8,109 | 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 | 8,109 | 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 | 67,034 | 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 | 67,034 | 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 | 58,248 | 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 | 58,248 | 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 | 7,078 | 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 | 7,078 | 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 | 4,695 | |
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 | 4,695 | |
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 | Dec. 31, 2020 | Jun. 30, 2020 |
Held-to-maturity, fair value | $ 3,605 | $ 3,868 |
Fair Value, Inputs, Level 1 [Member] | Reported Value Measurement [Member] | ||
Cash and cash equivalents | 9,045 | 9,659 |
Fair Value, Inputs, Level 1 [Member] | Estimate of Fair Value Measurement [Member] | ||
Cash and cash equivalents | 9,045 | 9,659 |
Fair Value, Inputs, Level 2 [Member] | Reported Value Measurement [Member] | ||
Certificates of deposit in other financial institutions | 8,599 | 11,635 |
Loans held for sale | 4,770 | 3,507 |
Accrued interest receivable | 2,327 | 2,646 |
Short-term borrowings | 13,275 | 6,943 |
Federal Home Loan Bank advances | 18,083 | 31,161 |
Accrued interest payable | 88 | 107 |
Fair Value, Inputs, Level 2 [Member] | Reported Value Measurement [Member] | Demand and Savings Deposits [Member] | ||
Demand and savings deposits | 540,811 | 517,973 |
Fair Value, Inputs, Level 2 [Member] | Reported Value Measurement [Member] | Time Deposits [Member] | ||
Demand and savings deposits | 107,551 | 115,382 |
Fair Value, Inputs, Level 2 [Member] | Estimate of Fair Value Measurement [Member] | ||
Certificates of deposit in other financial institutions | 8,819 | 11,889 |
Loans held for sale | 4,907 | 3,566 |
Accrued interest receivable | 2,327 | 2,646 |
Short-term borrowings | 13,275 | 6,943 |
Federal Home Loan Bank advances | 18,423 | 31,571 |
Accrued interest payable | 88 | 107 |
Fair Value, Inputs, Level 2 [Member] | Estimate of Fair Value Measurement [Member] | Demand and Savings Deposits [Member] | ||
Demand and savings deposits | 540,811 | 517,973 |
Fair Value, Inputs, Level 2 [Member] | Estimate of Fair Value Measurement [Member] | Time Deposits [Member] | ||
Demand and savings deposits | 108,158 | 116,238 |
Fair Value, Inputs, Level 3 [Member] | Reported Value Measurement [Member] | ||
Held-to-maturity, fair value | 3,336 | 3,541 |
Loans, net | 551,345 | 537,183 |
Fair Value, Inputs, Level 3 [Member] | Estimate of Fair Value Measurement [Member] | ||
Held-to-maturity, fair value | 3,605 | 3,868 |
Loans, net | $ 565,397 | $ 548,247 |
Note 6 - Earnings Per Share (De
Note 6 - Earnings Per Share (Details Textual) - shares | 3 Months Ended | 6 Months Ended | |
Dec. 31, 2019 | Dec. 31, 2020 | Dec. 31, 2019 | |
Restricted Stock [Member] | |||
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in shares) | 1,645 | 569 | 2,204 |
Note 6 - Earnings Per Share - S
Note 6 - Earnings Per Share - Schedule of Earnings Per Share, Basic and Diluted (Details) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2020 | Dec. 31, 2019 | |
Net income available to common shareholders | $ 2,507 | $ 1,440 | $ 4,908 | $ 2,943 |
Weighted average common shares outstanding (in shares) | 3,017,268 | 2,737,800 | 3,015,741 | 2,737,755 |
Basic income per share (in dollars per share) | $ 0.83 | $ 0.53 | $ 1.63 | $ 1.07 |
Dilutive effect of restricted stock (in shares) | 21 | |||
Total common shares and dilutive potential common shares (in shares) | 3,017,289 | 2,737,800 | 3,015,741 | 2,737,755 |
Dilutive income per share (in dollars per share) | $ 0.83 | $ 0.53 | $ 1.63 | $ 1.07 |
Note 7 - Accumulated Other Co_3
Note 7 - Accumulated Other Comprehensive Income (Loss) - Components of Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | |||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2020 | Dec. 31, 2019 | ||
Accumulated other comprehensive income (loss), before tax | $ 5,463 | $ 2,694 | $ 5,393 | $ 1,982 | |
Accumulated other comprehensive income (loss), tax | (1,147) | (566) | (1,133) | (416) | |
Accumulated other comprehensive income (loss), net | 4,316 | 2,128 | 4,260 | 1,566 | |
Unrealized holding loss on available-for-sale securities arising during the period, before tax | 278 | (28) | 348 | 790 | |
Unrealized holding loss on available-for-sale securities arising during the period, tax | (59) | 5 | (73) | (166) | |
Unrealized holding loss on available-for-sale securities arising during the period, net | 219 | (23) | 275 | 624 | |
Amounts reclassified from accumulated other comprehensive income, before tax | [1],[2] | (8) | (4) | (8) | (110) |
Amounts reclassified from accumulated other comprehensive income, tax | [1],[2] | 2 | 1 | 2 | 22 |
Amounts reclassified from accumulated other comprehensive income, net | [1],[2] | (6) | (3) | (6) | (88) |
Net current period other comprehensive loss, before tax | 270 | (32) | 340 | 680 | |
Net current period other comprehensive loss, tax | (57) | 6 | (71) | (144) | |
Other comprehensive income (loss) | 213 | (26) | 269 | 536 | |
Accumulated other comprehensive income (loss), before tax | 5,733 | 2,662 | 5,733 | 2,662 | |
Accumulated other comprehensive income (loss), tax | (1,204) | (560) | (1,204) | (560) | |
Accumulated other comprehensive income (loss), net | $ 4,529 | $ 2,102 | $ 4,529 | $ 2,102 | |
[1] | Income tax expense | ||||
[2] | Securities (gains) losses, net |