Document And Entity Information
Document And Entity Information - shares | 3 Months Ended | |
Sep. 30, 2021 | Nov. 08, 2021 | |
Document Information [Line Items] | ||
Entity Central Index Key | 0001006830 | |
Entity Registrant Name | CONSUMERS BANCORP INC /OH/ | |
Amendment Flag | false | |
Current Fiscal Year End Date | --06-30 | |
Document Fiscal Period Focus | Q1 | |
Document Fiscal Year Focus | 2021 | |
Document Type | 10-Q | |
Document Quarterly Report | true | |
Document Period End Date | Sep. 30, 2021 | |
Document Transition Report | false | |
Entity File Number | 033-79130 | |
Entity Incorporation, State or Country Code | OH | |
Entity Tax Identification Number | 34-1771400 | |
Entity Address, Address Line One | 614 East Lincoln Way, P.O. Box 256 | |
Entity Address, City or Town | Minerva | |
Entity Address, State or Province | OH | |
Entity Address, Postal Zip Code | 44657 | |
City Area Code | 330 | |
Local Phone Number | 868-7701 | |
Entity Current Reporting Status | Yes | |
Entity Interactive Data Current | Yes | |
Entity Filer Category | Non-accelerated Filer | |
Entity Small Business | true | |
Entity Emerging Growth Company | false | |
Entity Shell Company | false | |
Entity Common Stock, Shares Outstanding | 3,048,671 |
Consolidated Balance Sheets (Cu
Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands | Sep. 30, 2021 | Jun. 30, 2021 |
ASSETS | ||
Cash on hand and noninterest-bearing deposits in financial institutions | $ 10,104 | $ 8,902 |
Federal funds sold and interest-bearing deposits in financial institutions | 76,988 | 9,627 |
Total cash and cash equivalents | 87,092 | 18,529 |
Certificates of deposit in other financial institutions | 5,560 | 5,825 |
Securities, available-for-sale | 245,414 | 207,760 |
Securities, held-to-maturity (fair value of $8,219 at September 30, 2021 and $8,352 at June 30, 2021) | 7,896 | 7,996 |
Equity securities, at fair value | 424 | 424 |
Federal bank and other restricted stocks, at cost | 2,472 | 2,472 |
Loans held for sale | 1,803 | 1,457 |
Total loans | 577,161 | 566,427 |
Less allowance for loan losses | (6,677) | (6,471) |
Net loans | 570,484 | 559,956 |
Cash surrender value of life insurance | 9,767 | 9,702 |
Premises and equipment, net | 16,469 | 15,793 |
Goodwill | 2,452 | 836 |
Core deposit intangible, net | 513 | 229 |
Accrued interest receivable and other assets | 3,540 | 2,825 |
Total assets | 953,886 | 833,804 |
LIABILITIES | ||
Noninterest-bearing demand | 243,418 | 229,102 |
Interest bearing demand | 145,686 | 127,447 |
Savings | 338,502 | 282,761 |
Time | 121,580 | 87,539 |
Total deposits | 849,186 | 726,849 |
Short-term borrowings | 10,773 | 12,203 |
Federal Home Loan Bank advances | 16,300 | 18,050 |
Accrued interest and other liabilities | 6,475 | 6,802 |
Total liabilities | 882,734 | 763,904 |
Commitments and contingent liabilities | ||
SHAREHOLDERS’ EQUITY | ||
Preferred stock (no par value, 350,000 shares authorized, none outstanding) | 0 | 0 |
Common stock (no par value, 8,500,000 shares authorized; 3,124,053 shares issued as of September 30, 2021 and June 30, 2021) | 20,113 | 20,011 |
Retained earnings | 49,844 | 47,663 |
Treasury stock, at cost (75,382 and 95,953 common shares as of September 30, 2021 and June 30, 2021, respectively) | (1,117) | (1,324) |
Accumulated other comprehensive income | 2,312 | 3,550 |
Total shareholders’ equity | 71,152 | 69,900 |
Total liabilities and shareholders’ equity | $ 953,886 | $ 833,804 |
Consolidated Balance Sheets (_2
Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($) $ / shares in Thousands, $ in Thousands | Sep. 30, 2021 | Jun. 30, 2021 |
Held-to-maturity securities, fair value | $ 8,219 | $ 8,352 |
Preferred stock, par value (in dollars per share) | $ 0 | $ 0 |
Preferred stock, shares authorized (in shares) | 350,000 | 350,000 |
Common stock, par value (in dollars per share) | $ 0 | $ 0 |
Common stock, shares authorized (in shares) | 8,500,000 | 8,500,000 |
Common stock, shares issued (in shares) | 3,124,053 | 3,124,053 |
Treasury stock, shares (in shares) | 75,382 | 95,953 |
Consolidated Statements of Inco
Consolidated Statements of Income (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | |
Sep. 30, 2021 | Sep. 30, 2020 | |
Interest and dividend income | ||
Loans, including fees | $ 7,068 | $ 6,489 |
Securities, taxable | 711 | 372 |
Securities, tax-exempt | 478 | 420 |
Equity securities | 8 | 0 |
Federal bank and other restricted stocks | 20 | 18 |
Federal funds sold and other interest-bearing deposits | 50 | 47 |
Total interest and dividend income | 8,335 | 7,346 |
Interest expense | ||
Deposits | 296 | 577 |
Short-term borrowings | 2 | 4 |
Federal Home Loan Bank advances | 64 | 71 |
Total interest expense | 362 | 652 |
Net interest income | 7,973 | 6,694 |
Provision for loan losses | 190 | 130 |
Net interest income after provision for loan losses | 7,783 | 6,564 |
Noninterest income | ||
Gain on sale of mortgage loans | 258 | 236 |
Bank owned life insurance income | 65 | 66 |
Other | 83 | 76 |
Total noninterest income | 1,273 | 1,141 |
Noninterest expenses | ||
Salaries and employee benefits | 3,247 | 2,691 |
Occupancy and equipment | 708 | 640 |
Data processing expenses | 214 | 186 |
Debit card processing expenses | 268 | 238 |
Professional and director fees | 344 | 237 |
FDIC assessments | 84 | 61 |
Franchise taxes | 133 | 109 |
Marketing and advertising | 214 | 134 |
Telephone and network communications | 114 | 84 |
Amortization of intangible | 11 | 6 |
Other | 495 | 413 |
Total noninterest expenses | 5,832 | 4,799 |
Income before income taxes | 3,224 | 2,906 |
Income tax expense | 559 | 505 |
Net income | $ 2,665 | $ 2,401 |
Basic and diluted earnings per share (in dollars per share) | $ 0.88 | $ 0.80 |
Deposit Account [Member] | ||
Noninterest income | ||
Noninterest income (in scope of Topic 606) | $ 358 | $ 307 |
Debit Card [Member] | ||
Noninterest income | ||
Noninterest income (in scope of Topic 606) | $ 509 | $ 456 |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | |
Sep. 30, 2021 | Sep. 30, 2020 | |
Net income | $ 2,665 | $ 2,401 |
Other comprehensive income, net of tax: | ||
Unrealized holding gains (losses) on securities arising during the period, before tax | (1,566) | 70 |
Income tax effect | 328 | (14) |
Other comprehensive income (loss) | (1,238) | 56 |
Total comprehensive income | $ 1,427 | $ 2,457 |
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, 2020 | $ 19,974 | $ 40,460 | $ (1,454) | $ 4,260 | $ 63,240 |
Net income | 2,401 | 2,401 | |||
Other comprehensive loss | 56 | 56 | |||
Shares associated with stock awards | 37 | 130 | 167 | ||
Cash dividends declared | (437) | (437) | |||
Balance at Sep. 30, 2020 | 20,011 | 42,424 | (1,324) | 4,316 | 65,427 |
Balance at Jun. 30, 2021 | 20,011 | 47,663 | (1,324) | 3,550 | 69,900 |
Net income | 2,665 | 2,665 | |||
Other comprehensive loss | (1,238) | (1,238) | |||
Shares associated with stock awards | 102 | 207 | 309 | ||
Cash dividends declared | (484) | (484) | |||
Balance at Sep. 30, 2021 | $ 20,113 | $ 49,844 | $ (1,117) | $ 2,312 | $ 71,152 |
Condensed Consolidated Statem_2
Condensed Consolidated Statements of Changes In Shareholders' Equity (Unaudited) (Parentheticals) - $ / shares | 3 Months Ended | |
Sep. 30, 2021 | Sep. 30, 2020 | |
Shares associated with stock awards (in shares) | 14,963 | 12,522 |
Common stock, dividends, per share, declared (in dollars per share) | $ 0.16 | $ 0.145 |
Condensed Consolidated Statem_3
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | |
Sep. 30, 2021 | Sep. 30, 2020 | |
Cash flows from operating activities | ||
Net cash from operating activities | $ 2,778 | $ 1,041 |
Cash flow from investing activities | ||
Purchases of securities, available-for-sale | (31,123) | (500) |
Maturities, calls and principal pay downs of securities, available-for-sale | 7,159 | 7,355 |
Principal pay downs of securities, held-to-maturity | 100 | 100 |
Net decrease in certificate of deposit in other financial institutions | 265 | 2,763 |
Net decrease (increase) in loans | 9,225 | (19,327) |
Acquisition, net cash received | 66,552 | 0 |
Premises and equipment purchases | (528) | (106) |
Sale of other repossessed assets | 0 | 8 |
Net cash from investing activities | 51,650 | (9,707) |
Cash flow from financing activities | ||
Net increase in deposit accounts | 17,799 | 6,743 |
Net change in short-term borrowings | (1,430) | 1,471 |
Proceeds from Federal Home Loan Bank advances | 0 | 1,300 |
Repayments of Federal Home Loan Bank advances | (1,750) | (1,562) |
Dividends paid | (484) | (437) |
Net cash from financing activities | 14,135 | 7,515 |
Increase (decrease) in cash or cash equivalents | 68,563 | (1,151) |
Cash and cash equivalents, beginning of period | 18,529 | 9,659 |
Cash and cash equivalents, end of period | 87,092 | 8,508 |
Supplemental disclosure of cash flow information: | ||
Interest | 347 | 652 |
Federal income taxes | 0 | 300 |
Non-cash items: | ||
Issuance of treasury stock for stock awards | 309 | $ 167 |
Branch acquisition: | ||
Goodwill | 2,452 | |
CFBank Branches [Member] | ||
Branch acquisition: | ||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Marketable Securities | 15,602 | |
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Loans Receivable, Net | 19,943 | |
Premises and equipment | 413 | |
Goodwill | 1,616 | |
Core deposit intangible | 295 | |
Accrued interest receivable and other assets | 216 | |
Total noncash assets acquired | 38,085 | |
Deposits | 104,538 | |
Other liabilities | 99 | |
Total liabilities assumed | 104,637 | |
Net noncash assets acquired | $ (66,552) |
Note 1 - Summary of Significant
Note 1 - Summary of Significant Accounting Policies | 3 Months Ended |
Sep. 30, 2021 | |
Notes to Financial Statements | |
Organization, Consolidation and Presentation of Financial Statements Disclosure and Significant Accounting Policies [Text Block] | Note 1 – Summary of Significant Accounting Policies Nature of Operations: Basis of Presentation 10 not 10 June 30, 2021. 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 one |
Note 2 - Acquisition
Note 2 - Acquisition | 3 Months Ended |
Sep. 30, 2021 | |
Notes to Financial Statements | |
Business Combination Disclosure [Text Block] | Note 2 – Acquisition On July 16, 2021, two The following table summarizes the estimated fair values of the assets acquired and liabilities assumed by the Corporation at the date of acquisition. The core deposit intangible will be amortized over ten not Assets acquired: Cash and cash equivalents $ 515 Securities, available-for-sale 15,602 Loans 19,943 Premises and equipment 413 Core deposit intangible 295 Accrued interest receivable 216 Total assets acquired 36,984 Liabilities assumed: Noninterest-bearing deposits 10,535 Interest-bearing deposits 94,003 Other liabilities 99 Total liabilities assumed 104,637 Fair value of net liabilities assumed (67,653 ) Cash received 66,037 Goodwill $ 1,616 The acquired assets and liabilities were measured at estimated fair values. Management made certain estimates and exercised judgement in accounting for the 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 $20,325. The fair value disclosed above reflects a credit-related adjustment of $(388) and an adjustment for other factors of $6. Loans evidencing credit deterioration since origination, purchased credit impaired loans, included in loans receivable were immaterial. Acquisition costs of $144 pre-tax, or $118 after-tax, were recorded during the first 2022. one |
Note 3 - Securities
Note 3 - Securities | 3 Months Ended |
Sep. 30, 2021 | |
Notes to Financial Statements | |
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block] | Note 3 – Securities Debt securities The following tables summarize the Corporation’s debt securities as of September 30, 2021 June 30, 2021: Available for-Sale Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value September 30, 2021 Obligations of U.S. government-sponsored entities and agencies $ 14,248 $ 186 $ (115 ) $ 14,319 Obligations of state and political subdivisions 77,315 3,091 (225 ) 80,181 U.S. Government-sponsored mortgage-backed securities–residential 104,215 1,097 (1,110 ) 104,202 U.S. Government-sponsored mortgage-backed securities– commercial 8,636 37 (23 ) 8,650 U.S. Government-sponsored collateralized mortgage obligations– residential 22,010 100 (121 ) 21,989 Other debt securities 16,063 77 (67 ) 16,073 Total securities available-for-sale $ 242,487 $ 4,588 $ (1,661 ) $ 245,414 Held-to-Maturity Amortized Cost Gross Unrecognized Gains Gross Unrecognized Losses Fair Value September 30, 2021 Obligations of state and political subdivisions $ 7,896 $ 323 $ — $ 8,219 Available for-Sale Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value June 30, 2021 Obligations of U.S. government-sponsored entities and agencies $ 14,746 $ 301 $ (14 ) $ 15,033 Obligations of state and political subdivisions 73,013 3,561 (75 ) 76,499 U.S. Government-sponsored mortgage-backed securities – residential 90,065 1,136 (684 ) 90,517 U.S. Government-sponsored mortgage-backed securities – commercial 8,641 204 — 8,845 U.S. Government-sponsored collateralized mortgage obligations – residential 16,302 129 (57 ) 16,374 Other debt securities 500 — (8 ) 492 Total securities available-for-sale $ 203,267 $ 5,331 $ (838 ) $ 207,760 Held-to-Maturity Amortized Cost Gross Unrecognized Gains Gross Unrecognized Losses Fair Value June 30, 2021 Obligations of state and political subdivisions $ 7,996 $ 356 $ — $ 8,352 The amortized cost and fair values of debt securities at September 30, 2021, may not Available-for-Sale Amortized Cost Estimated Fair Value Due in one year or less $ 5,366 $ 5,401 Due after one year through five years 25,848 26,285 Due after five years through ten years 22,183 22,527 Due after ten years 54,229 56,360 Total 107,626 110,573 U.S. Government-sponsored mortgage-backed and related securities 134,861 134,841 Total securities available-for-sale $ 242,487 $ 245,414 Held-to-Maturity Due after one year through five years $ 294 $ 305 Due after five years through ten years 5,367 4,854 Due after ten years 2,235 3,060 Total securities held-to-maturity $ 7,896 $ 8,219 Securities with a carrying value of approximately $114,320 and $96,970 were pledged at September 30, 2021 June 30, 2021, The following table summarizes the securities with unrealized losses at September 30, 2021 June 30, 2021, Less than 12 Months 12 Months or more Total Available-for-sale Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss September 30, 2021 Obligations of U.S. government-sponsored entities and agencies $ 5,696 $ (115 ) $ — $ — $ 5,696 $ (115 ) Obligations of state and political subdivisions 14,428 (225 ) — — 14,428 (225 ) U.S. Government-sponsored mortgage-backed securities – residential 62,030 (1,110 ) — — 62,030 (1,110 ) U.S. Government-sponsored mortgage-backed securities – commercial 2,783 (23 ) — — 2,783 (23 ) Collateralized mortgage obligations - residential 14,488 (121 ) — — 14,488 (121 ) Other debt securities 9,729 (67 ) — — 9,729 (67 ) Total temporarily impaired $ 109,154 $ (1,661 ) $ — $ — $ 109,154 $ (1,661 ) Less than 12 Months 12 Months or more Total Available-for-sale Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss June 30, 2021 Obligations of U.S. government-sponsored entities and agencies $ 2,003 $ (14 ) $ — $ — $ 2,003 $ (14 ) Obligations of state and political subdivisions 7,398 (75 ) — — 7,398 (75 ) Mortgage-backed securities – residential 42,378 (684 ) — — 42,378 (684 ) Collateralized mortgage obligations - residential 7,707 (56 ) 552 (1 ) 8,259 (57 ) Other debt securities 492 (8 ) — — 492 (8 ) Total temporarily impaired $ 59,978 $ (837 ) $ 552 $ (1 ) $ 60,530 $ (838 ) Management evaluates securities for other-than-temporary impairment (OTTI) on a quarterly basis, and more frequently when economic or market conditions warrant such an evaluation. The securities portfolio is evaluated for OTTI by segregating the portfolio into two 320, Accounting for Certain Investments in Debt and Equity Securities In determining OTTI under the ASC Topic 320 1 2 3 4 not At September 30, 2021, September 30, 2021 not not not not not Equity Securities As of September 30, 2021 June 30, 2021, no three September 30, 2021 2020. no three September 30, 2021 2020. |
Note 4 - Loans
Note 4 - Loans | 3 Months Ended |
Sep. 30, 2021 | |
Notes to Financial Statements | |
Loans, Notes, Trade and Other Receivables Disclosure [Text Block] | Note 4 – Loans Major classifications of loans were as follows: September 30, 2021 June 30, 2021 Commercial $ 95,568 $ 112,337 Commercial real estate: Construction 17,477 10,525 Other 269,627 269,679 1 – 4 Family residential real estate: Owner occupied 137,037 118,269 Non-owner occupied 20,123 19,151 Construction 6,591 9,073 Consumer 32,109 29,646 Subtotal 578,532 568,680 Net deferred loan fees and costs (1,371 ) (2,253 ) Allowance for loan losses (6,677 ) (6,471 ) Net Loans $ 570,484 $ 559,956 The commercial loan category in the above table includes PPP loans of $29,505 as of September 30, 2021 June 30, 2021. The following table presents the activity in the allowance for loan losses by portfolio segment for the three September 30, 2021: 1-4 Family Commercial Residential Real Real Commercial Estate Estate Consumer Total Allowance for loan losses: Beginning balance $ 904 $ 3,949 $ 1,307 $ 311 $ 6,471 Provision for loan losses 2 36 110 42 190 Loans charged-off — — — (34 ) (34 ) Recoveries — — 13 37 50 Total ending allowance balance $ 906 $ 3,985 $ 1,430 $ 356 $ 6,677 The following table presents the activity in the allowance for loan losses by portfolio segment for the three September 30, 2020: 1-4 Family Commercial Residential Real Real Commercial Estate Estate Consumer Total Allowance for loan losses: Beginning balance $ 947 $ 3,623 $ 989 $ 119 $ 5,678 Provision for loan losses 15 70 8 37 130 Loans charged-off (22 ) — — (44 ) (66 ) Recoveries — 1 — 24 25 Total ending allowance balance $ 940 $ 3,694 $ 997 $ 136 $ 5,767 The following table presents the balance in the allowance for loan losses and the recorded investment in loans by portfolio segment and based on impairment method as of September 30, 2021. 1-4 Family Commercial Residential Real Real Commercial Estate Estate Consumer Total Ending allowance for loan losses balance attributable to loans: Individually evaluated for impairment $ — $ — $ 3 $ — $ 3 Acquired loans collectively evaluated for impairment 1 67 100 — 168 Originated loans collectively evaluated for impairment 905 3,918 1,327 356 6,506 Total ending allowance balance $ 906 $ 3,985 $ 1,430 $ 356 $ 6,677 Recorded investment in loans: Loans individually evaluated for impairment $ 429 $ 911 $ 558 $ — $ 1,898 Acquired loans collectively evaluated for impairment 810 12,219 32,402 5,807 51,238 Originated loans collectively evaluated for impairment 93,125 273,879 132,022 26,291 525,317 Total ending loans balance $ 94,364 $ 287,009 $ 164,982 $ 32,098 $ 578,453 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, 2021. 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 $ 1 $ — $ 3 $ — $ 4 Acquired loans collectively evaluated for impairment — 83 77 — 160 Originated loans collectively evaluated for impairment 903 3,866 1,227 311 6,307 Total ending allowance balance $ 904 $ 3,949 $ 1,307 $ 311 $ 6,471 Recorded investment in loans: Loans individually evaluated for impairment $ 437 $ 921 $ 596 $ — $ 1,954 Acquired loans collectively evaluated for impairment 834 6,542 21,363 6,488 35,227 Originated loans collectively evaluated for impairment 109,016 272,563 125,689 23,162 530,430 Total ending loans balance $ 110,287 $ 280,026 $ 147,648 $ 29,650 $ 567,611 The following table presents information related to unpaid principal balance, recorded investment and interest income associated with loans individually evaluated for impairment by class of loans as of September 30, 2021 three September 30, 2021: As of September 30, 2021 Three Months ended September 30, 2021 Unpaid Allowance for Loan Average Interest Cash Basis Principal Recorded Losses Recorded Income Interest Balance Investment Allocated Investment Recognized Recognized With no related allowance recorded: Commercial $ 421 $ 298 $ — $ 299 $ — $ — Commercial real estate: Other 1,053 911 — 914 3 3 1-4 Family residential real estate: Owner occupied 403 359 — 363 2 2 Non-owner occupied 267 199 — 200 — — With an allowance recorded: Commercial 130 131 3 131 2 2 Total $ 2,274 $ 1,898 $ 3 $ 1,907 $ 7 $ 7 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, 2021 three September 30, 2020: As of June 30, 2021 Three Months ended September 30, 2020 Unpaid Allowance for Loan Average Interest Cash Basis Principal Recorded Losses Recorded Income Interest Balance Investment Allocated Investment Recognized Recognized With no related allowance recorded: Commercial $ 421 $ 303 $ — $ — $ — $ — Commercial real estate: Other 1,062 921 — 826 1 1 1-4 Family residential real estate: Owner occupied 409 367 — 539 6 6 Non-owner occupied 267 202 — 229 — — With an allowance recorded: Commercial 133 134 1 171 2 2 Commercial real estate: Other — — — 206 3 3 1-4 Family residential real estate: Owner occupied 28 27 3 — — — Total $ 2,320 $ 1,954 $ 4 $ 1,971 $ 12 $ 12 The following table presents the recorded investment in non-accrual and loans past due over 90 September 30, 2021 June 30, 2021: September 30, 2021 June 30, 2021 Loans Past Due Loans Past Due Over 90 Days Over 90 Days Still Still Non-accrual Accruing Non-accrual Accruing Commercial $ 298 $ — $ 303 $ — Commercial real estate: Other 865 — 874 — 1 – 4 Family residential: Owner occupied 357 — 392 29 Non-owner occupied 199 — 202 — Consumer — — — 12 Total $ 1,719 $ — $ 1,771 $ 41 Non-accrual loans and loans past due 90 The following table presents the aging of the recorded investment in past due loans as of September 30, 2021 Days Past Due 30 - 59 60 - 89 90 Days or Total Loans Not Days Days Greater Past Due Past Due Total Commercial $ — $ — $ — $ — $ 94,364 $ 94,364 Commercial real estate: Construction — — — — 17,459 17,459 Other — — 629 629 268,921 269,550 1-4 Family residential: Owner occupied — 209 123 332 137,854 138,186 Non-owner occupied — — — — 20,131 20,131 Construction — — — — 6,665 6,665 Consumer 130 16 — 146 31,952 32,098 Total $ 130 $ 225 $ 752 $ 1,107 $ 577,346 $ 578,453 The above table of past due loans includes the recorded investment in non-accrual loans of $209 in the 60 89 90 not The following table presents the aging of the recorded investment in past due loans as of June 30, 2021 Days Past Due 30 - 59 60 - 89 90 Days or Total Loans Not Days Days Greater Past Due Past Due Total Commercial $ — $ — $ — $ — $ 110,287 $ 110,287 Commercial real estate: Construction — — — — 10,478 10,478 Other — 175 629 804 268,744 269,548 1-4 Family residential: Owner occupied 29 — 365 394 118,937 119,331 Non-owner occupied — — — — 19,148 19,148 Construction — — — — 9,169 9,169 Consumer 95 11 — 106 29,544 29,650 Total $ 124 $ 186 $ 994 $ 1,304 $ 566,307 $ 567,611 The above table of past due loans includes the recorded investment in non-accrual loans of $994 in the 90 not Troubled Debt Restructurings (TDR): The Corporation has certain loans that have been modified in order to maximize collection of loan balances that are classified as TDRs. A modified loan is usually classified as a TDR if, for economic reasons, management grants a concession to the original terms and conditions of the loan to a borrower who is experiencing financial difficulties that it would not 19, March 22, 2020 not March 22, 2020, 90 90 90 19 not September 30, 2021, four As of September 30, 2021 June 30, 2021, September 30, 2021 June 30, 2021, not September 30, 2021 June 30, 2021, During the three September 30, 2021 2020, no no three September 30, 2021 2020. There were no loans classified as troubled debt restructurings for which there was a payment default within 12 three September 30, 2021 2020. 90 Credit Quality Indicators: The Corporation categorizes loans into risk categories based on relevant information about the ability of borrowers to service their debt such as: current financial information, historical payment experience, credit documentation, public information, current economic trends and other relevant information. The Corporation analyzes loans individually by classifying the loans as to credit risk. This analysis includes loans with a total outstanding loan relationship greater than $100 and non-homogeneous loans, such as commercial and commercial real estate loans. Management monitors the loans on an ongoing basis for any changes in the borrower’s ability to service their debt and affirms the risk ratings for the loans and leases in their respective portfolio on an annual basis. The Corporation uses the following definitions for risk ratings: Special Mention. may Substandard. not Doubtful. Loans not not $100 1 4 not As of September 30, 2021 Special Not Pass Mention Substandard Doubtful Rated Commercial $ 92,817 $ 707 $ 291 $ 298 $ 251 Commercial real estate: Construction 17,459 — — — — Other 258,628 4,430 4,677 865 950 1-4 Family residential real estate: Owner occupied 1,028 — 6 357 136,795 Non-owner occupied 19,425 157 79 199 271 Construction 1,439 — — — 5,226 Consumer 551 — — — 31,547 Total $ 391,347 $ 5,294 $ 5,053 $ 1,719 $ 175,040 As of June 30, 2021, As of June 30, 2021 Special Not Pass Mention Substandard Doubtful Rated Commercial $ 109,118 $ 280 $ 309 $ 303 $ 277 Commercial real estate: Construction 10,478 — — — — Other 259,327 3,700 4,718 874 929 1-4 Family residential real estate: Owner occupied 1,715 — 6 392 117,218 Non-owner occupied 18,312 163 197 202 274 Construction 1,849 — — — 7,320 Consumer 694 — — — 28,956 Total $ 401,493 $ 4,143 $ 5,230 $ 1,771 $ 154,974 |
Note 5 - Fair Value
Note 5 - Fair Value | 3 Months Ended |
Sep. 30, 2021 | |
Notes to Financial Statements | |
Fair Value Disclosures [Text Block] | Note 5 Fair value is the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. There are three may Level 1: Level 2: 1 not Level 3: Financial assets and financial liabilities measured at fair value on a recurring basis include the following: Securities available-for-sale: 1 not 2 not 3 Assets and liabilities measured at fair value on a recurring basis are summarized below, segregated by the level of the valuation inputs within the fair value hierarchy utilized to measure fair value: Balance at Fair Value Measurements at September 30, 2021 September 30, 2021 Level 1 Level 2 Level 3 Assets: Obligations of U.S. government-sponsored entities and agencies $ 14,319 $ — $ 14,319 $ — Obligations of state and political subdivisions 80,181 — 80,181 — U.S. Government-sponsored mortgage-backed securities – residential 104,202 — 104,202 — U.S. Government-sponsored mortgage-backed securities – commercial 8,650 — 8,650 — U.S. Government-sponsored collateralized mortgage obligations - residential 21,989 — 21,989 — Other debt securities 16,073 — 16,073 — Equity securities 424 — 424 — Balance at Fair Value Measurements at June 30, 2021 June 30, 2021 Level 1 Level 2 Level 3 Assets: Obligations of U.S. government-sponsored entities and agencies $ 15,033 $ — $ 15,033 $ — Obligations of state and political subdivisions 76,499 — 76,499 — U.S. government-sponsored mortgage-backed securities - residential 90,517 — 90,517 — U.S. government-sponsored mortgage-backed securities - commercial 8,845 — 8,845 — U.S. government-sponsored collateralized mortgage obligations - residential 16,374 — 16,374 — Other debt securities 492 — 492 — Equity securities 424 — 424 — There were no 1 2 three September 30, 2021. Certain assets and liabilities are measured at fair value on a non-recurring basis; that is, the instruments are not Impaired Loans: may 3 September 30, 2021 June 30, 2021 three September 30, 2021 2020. Other Real Estate and Repossessed Assets Owned: September 30, 2021 June 30, 2021. The following table shows the estimated fair values of financial instruments that are reported at amortized cost in the Corporation’s consolidated balance sheets, segregated by the level of the valuation inputs within the fair value hierarchy utilized to measure fair value: September 30, 2021 June 30, 2021 Carrying Amount Estimated Fair Value Carrying Amount Estimated Fair Value Financial Assets: Level 1 inputs: Cash and cash equivalents $ 87,092 $ 87,092 $ 18,529 $ 18,529 Level 2 inputs: Certificates of deposit in other financial institutions 5,560 5,693 5,825 5,955 Loans held for sale 1,803 1,834 1,457 1,488 Accrued interest receivable 2,531 2,531 2,077 2,077 Level 3 inputs: Securities held-to-maturity 7,896 8,219 7,996 8,352 Loans, net 570,484 578,780 559,956 560,208 Financial Liabilities: Level 2 inputs: Demand and savings deposits 727,606 727,606 639,310 639,310 Time deposits 121,580 122,296 87,539 88,147 Short-term borrowings 10,773 10,773 12,203 12,203 Federal Home Loan Bank advances 16,300 16,342 18,050 18,247 Accrued interest payable 66 66 51 51 |
Note 6 - Earnings Per Share
Note 6 - Earnings Per Share | 3 Months Ended |
Sep. 30, 2021 | |
Notes to Financial Statements | |
Earnings Per Share [Text Block] | Note 6 – Earnings Per Share Basic earnings per share is the amount of earnings available to each share of common stock outstanding during the reporting period and is equal to net income divided by the weighted average number of shares outstanding during the period. Diluted earnings per share is the amount of earnings available to each share of common stock outstanding during the reporting period adjusted to include the effect of potentially dilutive common shares that may three September 30, 2020. For the Three Months Ended September 30, 2021 2020 Basic: Net income available to common shareholders $ 2,665 $ 2,401 Weighted average common shares outstanding 3,024,794 3,010,844 Basic income per share $ 0.88 $ 0.80 Diluted: Net income available to common shareholders $ 2,665 $ 2,401 Weighted average common shares outstanding 3,024,794 3,010,844 Dilutive effect of restricted stock 202 — Total common shares and dilutive potential common shares 3,024,996 3,010,844 Dilutive income per share $ 0.88 $ 0.80 |
Note 7 - Accumulated Other Comp
Note 7 - Accumulated Other Comprehensive Income (Loss) | 3 Months Ended |
Sep. 30, 2021 | |
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 and equity securities for the three September 30, 2021 2020, Pretax Tax Effect After-tax Affected Line Item in Consolidated Statements of Income Balance as of June 30, 2021 $ 4,493 $ (943 ) $ 3,550 Unrealized holding losses on securities arising during the period (1,566 ) 328 (1,238 ) (a)(b) Balance as of September 30, 2021 $ 2,927 $ (615 ) $ 2,312 Balance as of June 30, 2020 $ 5,393 $ (1,133 ) $ 4,260 Unrealized holding gains on available-for-sale securities arising during the period 70 (14 ) 56 (a)(b) Balance after reclassification as of September 30, 2020 $ 5,463 $ (1,147 ) $ 4,316 (a) Securities (gains) losses, net (b) Income tax expense |
Note 8 - COVID-19
Note 8 - COVID-19 | 3 Months Ended |
Sep. 30, 2021 | |
COVID 19 [Member] | |
Notes to Financial Statements | |
Unusual or Infrequent Items, or Both, Disclosure [Text Block] | Note 8 – COVID- 19 In December 2019, March 11, 2020. may may 19, |
Significant Accounting Policies
Significant Accounting Policies (Policies) | 3 Months Ended |
Sep. 30, 2021 | |
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, 2021. 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 one |
Note 2 - Acquisition (Tables)
Note 2 - Acquisition (Tables) | 3 Months Ended |
Sep. 30, 2021 | |
Notes Tables | |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block] | Assets acquired: Cash and cash equivalents $ 515 Securities, available-for-sale 15,602 Loans 19,943 Premises and equipment 413 Core deposit intangible 295 Accrued interest receivable 216 Total assets acquired 36,984 Liabilities assumed: Noninterest-bearing deposits 10,535 Interest-bearing deposits 94,003 Other liabilities 99 Total liabilities assumed 104,637 Fair value of net liabilities assumed (67,653 ) Cash received 66,037 Goodwill $ 1,616 |
Note 3 - Securities (Tables)
Note 3 - Securities (Tables) | 3 Months Ended |
Sep. 30, 2021 | |
Notes Tables | |
Marketable Securities [Table Text Block] | Available for-Sale Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value September 30, 2021 Obligations of U.S. government-sponsored entities and agencies $ 14,248 $ 186 $ (115 ) $ 14,319 Obligations of state and political subdivisions 77,315 3,091 (225 ) 80,181 U.S. Government-sponsored mortgage-backed securities–residential 104,215 1,097 (1,110 ) 104,202 U.S. Government-sponsored mortgage-backed securities– commercial 8,636 37 (23 ) 8,650 U.S. Government-sponsored collateralized mortgage obligations– residential 22,010 100 (121 ) 21,989 Other debt securities 16,063 77 (67 ) 16,073 Total securities available-for-sale $ 242,487 $ 4,588 $ (1,661 ) $ 245,414 Held-to-Maturity Amortized Cost Gross Unrecognized Gains Gross Unrecognized Losses Fair Value September 30, 2021 Obligations of state and political subdivisions $ 7,896 $ 323 $ — $ 8,219 Available for-Sale Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value June 30, 2021 Obligations of U.S. government-sponsored entities and agencies $ 14,746 $ 301 $ (14 ) $ 15,033 Obligations of state and political subdivisions 73,013 3,561 (75 ) 76,499 U.S. Government-sponsored mortgage-backed securities – residential 90,065 1,136 (684 ) 90,517 U.S. Government-sponsored mortgage-backed securities – commercial 8,641 204 — 8,845 U.S. Government-sponsored collateralized mortgage obligations – residential 16,302 129 (57 ) 16,374 Other debt securities 500 — (8 ) 492 Total securities available-for-sale $ 203,267 $ 5,331 $ (838 ) $ 207,760 Held-to-Maturity Amortized Cost Gross Unrecognized Gains Gross Unrecognized Losses Fair Value June 30, 2021 Obligations of state and political subdivisions $ 7,996 $ 356 $ — $ 8,352 |
Investments Classified by Contractual Maturity Date [Table Text Block] | Available-for-Sale Amortized Cost Estimated Fair Value Due in one year or less $ 5,366 $ 5,401 Due after one year through five years 25,848 26,285 Due after five years through ten years 22,183 22,527 Due after ten years 54,229 56,360 Total 107,626 110,573 U.S. Government-sponsored mortgage-backed and related securities 134,861 134,841 Total securities available-for-sale $ 242,487 $ 245,414 Held-to-Maturity Due after one year through five years $ 294 $ 305 Due after five years through ten years 5,367 4,854 Due after ten years 2,235 3,060 Total securities held-to-maturity $ 7,896 $ 8,219 |
Schedule of Unrealized Loss on Investments [Table Text Block] | Less than 12 Months 12 Months or more Total Available-for-sale Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss September 30, 2021 Obligations of U.S. government-sponsored entities and agencies $ 5,696 $ (115 ) $ — $ — $ 5,696 $ (115 ) Obligations of state and political subdivisions 14,428 (225 ) — — 14,428 (225 ) U.S. Government-sponsored mortgage-backed securities – residential 62,030 (1,110 ) — — 62,030 (1,110 ) U.S. Government-sponsored mortgage-backed securities – commercial 2,783 (23 ) — — 2,783 (23 ) Collateralized mortgage obligations - residential 14,488 (121 ) — — 14,488 (121 ) Other debt securities 9,729 (67 ) — — 9,729 (67 ) Total temporarily impaired $ 109,154 $ (1,661 ) $ — $ — $ 109,154 $ (1,661 ) Less than 12 Months 12 Months or more Total Available-for-sale Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss June 30, 2021 Obligations of U.S. government-sponsored entities and agencies $ 2,003 $ (14 ) $ — $ — $ 2,003 $ (14 ) Obligations of state and political subdivisions 7,398 (75 ) — — 7,398 (75 ) Mortgage-backed securities – residential 42,378 (684 ) — — 42,378 (684 ) Collateralized mortgage obligations - residential 7,707 (56 ) 552 (1 ) 8,259 (57 ) Other debt securities 492 (8 ) — — 492 (8 ) Total temporarily impaired $ 59,978 $ (837 ) $ 552 $ (1 ) $ 60,530 $ (838 ) |
Note 4 - Loans (Tables)
Note 4 - Loans (Tables) | 3 Months Ended |
Sep. 30, 2021 | |
Notes Tables | |
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] | September 30, 2021 June 30, 2021 Commercial $ 95,568 $ 112,337 Commercial real estate: Construction 17,477 10,525 Other 269,627 269,679 1 – 4 Family residential real estate: Owner occupied 137,037 118,269 Non-owner occupied 20,123 19,151 Construction 6,591 9,073 Consumer 32,109 29,646 Subtotal 578,532 568,680 Net deferred loan fees and costs (1,371 ) (2,253 ) Allowance for loan losses (6,677 ) (6,471 ) Net Loans $ 570,484 $ 559,956 |
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 $ 904 $ 3,949 $ 1,307 $ 311 $ 6,471 Provision for loan losses 2 36 110 42 190 Loans charged-off — — — (34 ) (34 ) Recoveries — — 13 37 50 Total ending allowance balance $ 906 $ 3,985 $ 1,430 $ 356 $ 6,677 1-4 Family Commercial Residential Real Real Commercial Estate Estate Consumer Total Allowance for loan losses: Beginning balance $ 947 $ 3,623 $ 989 $ 119 $ 5,678 Provision for loan losses 15 70 8 37 130 Loans charged-off (22 ) — — (44 ) (66 ) Recoveries — 1 — 24 25 Total ending allowance balance $ 940 $ 3,694 $ 997 $ 136 $ 5,767 1-4 Family Commercial Residential Real Real Commercial Estate Estate Consumer Total Ending allowance for loan losses balance attributable to loans: Individually evaluated for impairment $ — $ — $ 3 $ — $ 3 Acquired loans collectively evaluated for impairment 1 67 100 — 168 Originated loans collectively evaluated for impairment 905 3,918 1,327 356 6,506 Total ending allowance balance $ 906 $ 3,985 $ 1,430 $ 356 $ 6,677 Recorded investment in loans: Loans individually evaluated for impairment $ 429 $ 911 $ 558 $ — $ 1,898 Acquired loans collectively evaluated for impairment 810 12,219 32,402 5,807 51,238 Originated loans collectively evaluated for impairment 93,125 273,879 132,022 26,291 525,317 Total ending loans balance $ 94,364 $ 287,009 $ 164,982 $ 32,098 $ 578,453 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 $ 1 $ — $ 3 $ — $ 4 Acquired loans collectively evaluated for impairment — 83 77 — 160 Originated loans collectively evaluated for impairment 903 3,866 1,227 311 6,307 Total ending allowance balance $ 904 $ 3,949 $ 1,307 $ 311 $ 6,471 Recorded investment in loans: Loans individually evaluated for impairment $ 437 $ 921 $ 596 $ — $ 1,954 Acquired loans collectively evaluated for impairment 834 6,542 21,363 6,488 35,227 Originated loans collectively evaluated for impairment 109,016 272,563 125,689 23,162 530,430 Total ending loans balance $ 110,287 $ 280,026 $ 147,648 $ 29,650 $ 567,611 |
Impaired Financing Receivables [Table Text Block] | As of September 30, 2021 Three Months ended September 30, 2021 Unpaid Allowance for Loan Average Interest Cash Basis Principal Recorded Losses Recorded Income Interest Balance Investment Allocated Investment Recognized Recognized With no related allowance recorded: Commercial $ 421 $ 298 $ — $ 299 $ — $ — Commercial real estate: Other 1,053 911 — 914 3 3 1-4 Family residential real estate: Owner occupied 403 359 — 363 2 2 Non-owner occupied 267 199 — 200 — — With an allowance recorded: Commercial 130 131 3 131 2 2 Total $ 2,274 $ 1,898 $ 3 $ 1,907 $ 7 $ 7 As of June 30, 2021 Three Months ended September 30, 2020 Unpaid Allowance for Loan Average Interest Cash Basis Principal Recorded Losses Recorded Income Interest Balance Investment Allocated Investment Recognized Recognized With no related allowance recorded: Commercial $ 421 $ 303 $ — $ — $ — $ — Commercial real estate: Other 1,062 921 — 826 1 1 1-4 Family residential real estate: Owner occupied 409 367 — 539 6 6 Non-owner occupied 267 202 — 229 — — With an allowance recorded: Commercial 133 134 1 171 2 2 Commercial real estate: Other — — — 206 3 3 1-4 Family residential real estate: Owner occupied 28 27 3 — — — Total $ 2,320 $ 1,954 $ 4 $ 1,971 $ 12 $ 12 |
Financing Receivable, Past Due [Table Text Block] | September 30, 2021 June 30, 2021 Loans Past Due Loans Past Due Over 90 Days Over 90 Days Still Still Non-accrual Accruing Non-accrual Accruing Commercial $ 298 $ — $ 303 $ — Commercial real estate: Other 865 — 874 — 1 – 4 Family residential: Owner occupied 357 — 392 29 Non-owner occupied 199 — 202 — Consumer — — — 12 Total $ 1,719 $ — $ 1,771 $ 41 Days Past Due 30 - 59 60 - 89 90 Days or Total Loans Not Days Days Greater Past Due Past Due Total Commercial $ — $ — $ — $ — $ 94,364 $ 94,364 Commercial real estate: Construction — — — — 17,459 17,459 Other — — 629 629 268,921 269,550 1-4 Family residential: Owner occupied — 209 123 332 137,854 138,186 Non-owner occupied — — — — 20,131 20,131 Construction — — — — 6,665 6,665 Consumer 130 16 — 146 31,952 32,098 Total $ 130 $ 225 $ 752 $ 1,107 $ 577,346 $ 578,453 Days Past Due 30 - 59 60 - 89 90 Days or Total Loans Not Days Days Greater Past Due Past Due Total Commercial $ — $ — $ — $ — $ 110,287 $ 110,287 Commercial real estate: Construction — — — — 10,478 10,478 Other — 175 629 804 268,744 269,548 1-4 Family residential: Owner occupied 29 — 365 394 118,937 119,331 Non-owner occupied — — — — 19,148 19,148 Construction — — — — 9,169 9,169 Consumer 95 11 — 106 29,544 29,650 Total $ 124 $ 186 $ 994 $ 1,304 $ 566,307 $ 567,611 |
Financing Receivable Credit Quality Indicators [Table Text Block] | As of September 30, 2021 Special Not Pass Mention Substandard Doubtful Rated Commercial $ 92,817 $ 707 $ 291 $ 298 $ 251 Commercial real estate: Construction 17,459 — — — — Other 258,628 4,430 4,677 865 950 1-4 Family residential real estate: Owner occupied 1,028 — 6 357 136,795 Non-owner occupied 19,425 157 79 199 271 Construction 1,439 — — — 5,226 Consumer 551 — — — 31,547 Total $ 391,347 $ 5,294 $ 5,053 $ 1,719 $ 175,040 As of June 30, 2021 Special Not Pass Mention Substandard Doubtful Rated Commercial $ 109,118 $ 280 $ 309 $ 303 $ 277 Commercial real estate: Construction 10,478 — — — — Other 259,327 3,700 4,718 874 929 1-4 Family residential real estate: Owner occupied 1,715 — 6 392 117,218 Non-owner occupied 18,312 163 197 202 274 Construction 1,849 — — — 7,320 Consumer 694 — — — 28,956 Total $ 401,493 $ 4,143 $ 5,230 $ 1,771 $ 154,974 |
Note 5 - Fair Value (Tables)
Note 5 - Fair Value (Tables) | 3 Months Ended |
Sep. 30, 2021 | |
Notes Tables | |
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block] | Balance at Fair Value Measurements at September 30, 2021 September 30, 2021 Level 1 Level 2 Level 3 Assets: Obligations of U.S. government-sponsored entities and agencies $ 14,319 $ — $ 14,319 $ — Obligations of state and political subdivisions 80,181 — 80,181 — U.S. Government-sponsored mortgage-backed securities – residential 104,202 — 104,202 — U.S. Government-sponsored mortgage-backed securities – commercial 8,650 — 8,650 — U.S. Government-sponsored collateralized mortgage obligations - residential 21,989 — 21,989 — Other debt securities 16,073 — 16,073 — Equity securities 424 — 424 — Balance at Fair Value Measurements at June 30, 2021 June 30, 2021 Level 1 Level 2 Level 3 Assets: Obligations of U.S. government-sponsored entities and agencies $ 15,033 $ — $ 15,033 $ — Obligations of state and political subdivisions 76,499 — 76,499 — U.S. government-sponsored mortgage-backed securities - residential 90,517 — 90,517 — U.S. government-sponsored mortgage-backed securities - commercial 8,845 — 8,845 — U.S. government-sponsored collateralized mortgage obligations - residential 16,374 — 16,374 — Other debt securities 492 — 492 — Equity securities 424 — 424 — |
Fair Value, by Balance Sheet Grouping [Table Text Block] | September 30, 2021 June 30, 2021 Carrying Amount Estimated Fair Value Carrying Amount Estimated Fair Value Financial Assets: Level 1 inputs: Cash and cash equivalents $ 87,092 $ 87,092 $ 18,529 $ 18,529 Level 2 inputs: Certificates of deposit in other financial institutions 5,560 5,693 5,825 5,955 Loans held for sale 1,803 1,834 1,457 1,488 Accrued interest receivable 2,531 2,531 2,077 2,077 Level 3 inputs: Securities held-to-maturity 7,896 8,219 7,996 8,352 Loans, net 570,484 578,780 559,956 560,208 Financial Liabilities: Level 2 inputs: Demand and savings deposits 727,606 727,606 639,310 639,310 Time deposits 121,580 122,296 87,539 88,147 Short-term borrowings 10,773 10,773 12,203 12,203 Federal Home Loan Bank advances 16,300 16,342 18,050 18,247 Accrued interest payable 66 66 51 51 |
Note 6 - Earnings Per Share (Ta
Note 6 - Earnings Per Share (Tables) | 3 Months Ended |
Sep. 30, 2021 | |
Notes Tables | |
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | For the Three Months Ended September 30, 2021 2020 Basic: Net income available to common shareholders $ 2,665 $ 2,401 Weighted average common shares outstanding 3,024,794 3,010,844 Basic income per share $ 0.88 $ 0.80 Diluted: Net income available to common shareholders $ 2,665 $ 2,401 Weighted average common shares outstanding 3,024,794 3,010,844 Dilutive effect of restricted stock 202 — Total common shares and dilutive potential common shares 3,024,996 3,010,844 Dilutive income per share $ 0.88 $ 0.80 |
Note 7 - Accumulated Other Co_2
Note 7 - Accumulated Other Comprehensive Income (Loss) (Tables) | 3 Months Ended |
Sep. 30, 2021 | |
Notes Tables | |
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block] | Pretax Tax Effect After-tax Affected Line Item in Consolidated Statements of Income Balance as of June 30, 2021 $ 4,493 $ (943 ) $ 3,550 Unrealized holding losses on securities arising during the period (1,566 ) 328 (1,238 ) (a)(b) Balance as of September 30, 2021 $ 2,927 $ (615 ) $ 2,312 Balance as of June 30, 2020 $ 5,393 $ (1,133 ) $ 4,260 Unrealized holding gains on available-for-sale securities arising during the period 70 (14 ) 56 (a)(b) Balance after reclassification as of September 30, 2020 $ 5,463 $ (1,147 ) $ 4,316 |
Note 2 - Acquisition (Details T
Note 2 - Acquisition (Details Textual) - Two Branches from CFBank [Member] $ in Thousands | Jul. 16, 2021USD ($) |
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deposits | $ 104,538 |
Business Combination, Consideration Transferred, Deposit Premium, Percent | 1.75% |
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Marketable Securities | $ 15,602 |
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Loans Receivable, Net | 19,943 |
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Loans, Book Value | 20,325 |
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Credit Related Adjustment | (388) |
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Other Loan Factors | 6 |
Business Combination, Acquisition Related Costs | 144 |
Business Combination, Acquisition Related Costs, Net of Tax | $ 118 |
Core Deposits [Member] | |
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life (Year) | 10 years |
Note 2 - Acquisition - Assets A
Note 2 - Acquisition - Assets Acquired and Liabilities Assumed (Details) - USD ($) $ in Thousands | Jul. 16, 2021 | Sep. 30, 2021 | Jun. 30, 2021 |
Goodwill | $ 2,452 | $ 836 | |
CFBank Branches [Member] | |||
Cash and cash equivalents | $ 515 | ||
Securities, available-for-sale | 15,602 | 15,602 | |
Loans | 19,943 | ||
Premises and equipment | 413 | 413 | |
Core deposit intangible | 295 | ||
Accrued interest receivable | 216 | ||
Total assets acquired | 36,984 | 38,085 | |
Noninterest-bearing deposits | 10,535 | ||
Interest-bearing deposits | 94,003 | ||
Other liabilities | 99 | ||
Total liabilities assumed | 104,637 | 104,637 | |
Fair value of net liabilities assumed | (67,653) | ||
Cash received | 66,037 | ||
Goodwill | $ 1,616 | $ 1,616 |
Note 3 - Securities (Details Te
Note 3 - Securities (Details Textual) $ in Thousands | 3 Months Ended | 9 Months Ended | ||||
Sep. 30, 2021USD ($) | Sep. 30, 2020USD ($) | Sep. 30, 2021USD ($) | Sep. 30, 2020USD ($) | Jun. 30, 2021USD ($) | Dec. 31, 2020USD ($) | |
Debt Securities, Available-for-sale, Restricted | $ 114,320 | $ 114,320 | $ 96,970 | |||
Debt Securities, Available-for-sale, Unrealized Loss Position, Number of Positions | 87 | 87 | ||||
Equity Securities, FV-NI, Cost | $ 400 | $ 400 | $ 400 | |||
Equity Securities, FV-NI, Total | 424 | 424 | $ 424 | |||
Equity Securities, FV-NI, Unrealized Gain (Loss), Total | 0 | $ 0 | 0 | $ 0 | ||
Proceeds from Sale of Equity Securities, FV-NI | $ 0 | $ 0 | $ 0 | $ 0 |
Note 3 - Securities - Amortized
Note 3 - Securities - Amortized Cost and Fair Value of Securities Available-for-sale and Securities Held-to-maturity (Details) - USD ($) $ in Thousands | Sep. 30, 2021 | Jun. 30, 2021 |
Available-for-sale securities, amortized cost | $ 242,487 | $ 203,267 |
Available-for-sale securities, gross unrealized gains | 4,588 | 5,331 |
Available-for-sale securities, gross unrealized losses | (1,661) | (838) |
Available-for-sale securities, fair value | 245,414 | 207,760 |
Held-to-maturity, amortized cost | 7,896 | 7,996 |
Held-to-maturity, fair value | 8,219 | 8,352 |
US Government-sponsored Enterprises Debt Securities [Member] | ||
Available-for-sale securities, amortized cost | 14,248 | 14,746 |
Available-for-sale securities, gross unrealized gains | 186 | 301 |
Available-for-sale securities, gross unrealized losses | (115) | (14) |
Available-for-sale securities, fair value | 14,319 | 15,033 |
US States and Political Subdivisions Debt Securities [Member] | ||
Available-for-sale securities, amortized cost | 77,315 | 73,013 |
Available-for-sale securities, gross unrealized gains | 3,091 | 3,561 |
Available-for-sale securities, gross unrealized losses | (225) | (75) |
Available-for-sale securities, fair value | 80,181 | 76,499 |
Held-to-maturity, amortized cost | 7,896 | 7,996 |
Held-to-maturity, gross unrecognized gains | 323 | 356 |
Held-to-maturity, gross unrecognized losses | 0 | 0 |
Held-to-maturity, fair value | 8,219 | 8,352 |
Residential Mortgage Backed Securities [Member] | ||
Available-for-sale securities, amortized cost | 104,215 | 90,065 |
Available-for-sale securities, gross unrealized gains | 1,097 | 1,136 |
Available-for-sale securities, gross unrealized losses | (1,110) | (684) |
Available-for-sale securities, fair value | 104,202 | 90,517 |
Commercial Mortgage Backed Securities [Member] | ||
Available-for-sale securities, amortized cost | 8,636 | 8,641 |
Available-for-sale securities, gross unrealized gains | 37 | 204 |
Available-for-sale securities, gross unrealized losses | (23) | 0 |
Available-for-sale securities, fair value | 8,650 | 8,845 |
Collateralized Mortgage Obligations [Member] | ||
Available-for-sale securities, amortized cost | 22,010 | 16,302 |
Available-for-sale securities, gross unrealized gains | 100 | 129 |
Available-for-sale securities, gross unrealized losses | (121) | (57) |
Available-for-sale securities, fair value | 21,989 | 16,374 |
Other Debt Obligations [Member] | ||
Available-for-sale securities, amortized cost | 16,063 | 500 |
Available-for-sale securities, gross unrealized gains | 77 | 0 |
Available-for-sale securities, gross unrealized losses | (67) | (8) |
Available-for-sale securities, fair value | $ 16,073 | $ 492 |
Note 3 - Securities - Amortiz_2
Note 3 - Securities - Amortized Cost and Fair Values of Debt Securities by Contractual Maturity (Details) - USD ($) $ in Thousands | Sep. 30, 2021 | Jun. 30, 2021 |
Available-for-sale Securities, Debt Maturities, Next Twelve Months, Amortized Cost Basis | $ 5,366 | |
Available-for-sale Securities, Debt Maturities, Next Twelve Months, Fair Value | 5,401 | |
Available-for-sale Securities, Debt Maturities, Year Two Through Five, Amortized Cost Basis | 25,848 | |
Available-for-sale Securities, Debt Maturities, Year Two Through Five, Fair Value | 26,285 | |
Available-for-sale Securities, Debt Maturities, Year Six Through Ten, Amortized Cost Basis | 22,183 | |
Available-for-sale Securities, Debt Maturities, Year Six Through Ten, Fair Value | 22,527 | |
Available-for-sale Securities, Debt Maturities, after Ten Years, Amortized Cost Basis | 54,229 | |
Available-for-sale Securities, Debt Maturities, after Ten Years, Fair Value | 56,360 | |
Available-for-sale Securities, Debt Maturities, Single Maturity Date, Amortized Cost Basis | 107,626 | |
Available-for-sale Securities, Debt Maturities, Single Maturity Date | 110,573 | |
Total securities available-for-sale, Amortized Cost Basis | 242,487 | $ 203,267 |
Total securities available-for-sale, fair value | 245,414 | 207,760 |
Due after one year through five years, held to maturity, Amortized Cost Basis | 294 | |
Due after one year through five years, held to maturity, fair value | 305 | |
Due after five years through ten years, held to maturity, Amortized Cost Basis | 5,367 | |
Due after five years through ten years, held to maturity, fair value | 4,854 | |
Due after ten years, held to maturity, Amortized Cost Basis | 2,235 | |
Due after ten years, held to maturity, fair value | 3,060 | |
Total securities held-to-maturity, Amortized Cost Basis | 7,896 | 7,996 |
Total securities, held to maturity, fair value | 8,219 | $ 8,352 |
U.S. Government-sponsored Mortgage-backed and Related Securities [Member] | ||
Available-for-sale Securities, Debt Maturities, without Single Maturity Date, Amortized Cost Basis | 134,861 | |
Available-for-sale Securities, Debt Maturities, without Single Maturity Date, Fair Value | $ 134,841 |
Note 3 - Securities - Securitie
Note 3 - Securities - Securities With Unrealized and Unrecognized Losses (Details) - USD ($) $ in Thousands | Sep. 30, 2021 | Jun. 30, 2021 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value | $ 109,154 | $ 59,978 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Loss | (1,661) | (837) |
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value | 0 | 552 |
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Loss | 0 | (1) |
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value | 109,154 | 60,530 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss | (1,661) | (838) |
US Government-sponsored Enterprises Debt Securities [Member] | ||
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value | 5,696 | 2,003 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Loss | (115) | (14) |
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value | 0 | 0 |
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Loss | 0 | 0 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value | 5,696 | 2,003 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss | (115) | (14) |
US States and Political Subdivisions Debt Securities [Member] | ||
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value | 14,428 | 7,398 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Loss | (225) | (75) |
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value | 0 | 0 |
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Loss | 0 | 0 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value | 14,428 | 7,398 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss | (225) | (75) |
Residential Mortgage Backed Securities [Member] | ||
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value | 62,030 | 42,378 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Loss | (1,110) | (684) |
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value | 0 | 0 |
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Loss | 0 | 0 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value | 62,030 | 42,378 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss | (1,110) | (684) |
Commercial Mortgage Backed Securities [Member] | ||
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value | 2,783 | |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Loss | (23) | |
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value | 0 | |
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Loss | 0 | |
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value | 2,783 | |
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss | (23) | |
Collateralized Debt Obligations [Member] | ||
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value | 14,488 | 7,707 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Loss | (121) | (56) |
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value | 0 | 552 |
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Loss | 0 | (1) |
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value | 14,488 | 8,259 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss | (121) | (57) |
Other Debt Obligations [Member] | ||
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value | 9,729 | 492 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Loss | (67) | (8) |
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value | 0 | 0 |
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Loss | 0 | 0 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value | 9,729 | 492 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss | $ (67) | $ (8) |
Note 4 - Loans (Details Textual
Note 4 - Loans (Details Textual) $ in Thousands | 3 Months Ended | 12 Months Ended | |
Sep. 30, 2021USD ($) | Sep. 30, 2020USD ($) | Jun. 30, 2021USD ($) | |
Loans and Leases Receivable, Gross, Total | $ 578,532 | $ 568,680 | |
Interest Receivable | 1,292 | 1,184 | |
Financing Receivable, Nonaccrual | $ 1,719 | 1,771 | |
Financing Receivable, Number of Loans Deferred Under Loan Modification Program | 4 | ||
Financing Receivable, Deferred Payments | $ 51 | ||
Financing Receivable, Troubled Debt Restructuring | $ 675 | $ 688 | |
Financing Receivable, Modifications, Number of Contracts | 0 | 0 | |
Troubled Debt Restructuring, Debtor, Subsequent Periods, Contingent Payments, Amount, Total | $ 3 | $ 4 | |
Financing Receivable, Troubled Debt Restructuring, Commitment to Lend | 0 | $ 0 | |
Financing Receivables, Impaired, Troubled Debt Restructuring, Write-down | $ 0 | $ 0 | |
Financing Receivable, Troubled Debt Restructuring, Subsequent Default, Number of Contracts | 0 | 0 | |
Threshold Amount of Loans Outstanding to Perform Credit Analysis | $ 100 | ||
Financial Asset, 60 to 89 Days Past Due [Member] | |||
Financing Receivable, Nonaccrual | 209 | ||
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | |||
Financing Receivable, Nonaccrual | 752 | 994 | |
Financial Asset, Not Past Due [Member] | |||
Financing Receivable, Nonaccrual | 758 | 777 | |
Commercial Portfolio Segment [Member] | |||
Loans and Leases Receivable, Gross, Total | 95,568 | 112,337 | |
Financing Receivable, Nonaccrual | 298 | 303 | |
Commercial Portfolio Segment [Member] | SBA CARES Act Paycheck Protection Program [Member] | |||
Loans and Leases Receivable, Gross, Total | $ 29,505 | $ 50,686 |
Note 4 - Loans - Major Classifi
Note 4 - Loans - Major Classifications (Details) - USD ($) $ in Thousands | Sep. 30, 2021 | Jun. 30, 2021 | Sep. 30, 2020 | Jun. 30, 2020 |
Loans and Leases Receivable, Gross, Total | $ 578,532 | $ 568,680 | ||
Net deferred loan fees and costs | (1,371) | (2,253) | ||
Allowance for loan losses | (6,677) | (6,471) | $ (5,767) | $ (5,678) |
Net loans | 570,484 | 559,956 | ||
Commercial Portfolio Segment [Member] | ||||
Loans and Leases Receivable, Gross, Total | 95,568 | 112,337 | ||
Allowance for loan losses | (906) | (904) | (940) | (947) |
Commercial Real Estate Portfolio Segment [Member] | ||||
Allowance for loan losses | (3,985) | (3,949) | (3,694) | (3,623) |
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | ||||
Loans and Leases Receivable, Gross, Total | 17,477 | 10,525 | ||
Commercial Real Estate Portfolio Segment [Member] | Other Commercial Real Estate Loans [Member] | ||||
Loans and Leases Receivable, Gross, Total | 269,627 | 269,679 | ||
Residential Portfolio Segment [Member] | ||||
Allowance for loan losses | (1,430) | (1,307) | (997) | (989) |
Residential Portfolio Segment [Member] | Construction Loans [Member] | ||||
Loans and Leases Receivable, Gross, Total | 6,591 | 9,073 | ||
Residential Portfolio Segment [Member] | Residential Real Estate Owner Occupied Loans [Member] | ||||
Loans and Leases Receivable, Gross, Total | 137,037 | 118,269 | ||
Residential Portfolio Segment [Member] | Residential Real Estate Non-owner Occupied Loans [Member] | ||||
Loans and Leases Receivable, Gross, Total | 20,123 | 19,151 | ||
Consumer Portfolio Segment [Member] | ||||
Loans and Leases Receivable, Gross, Total | 32,109 | 29,646 | ||
Allowance for loan losses | $ (356) | $ (311) | $ (136) | $ (119) |
Note 4 - Loans - Allowance for
Note 4 - Loans - Allowance for Loan Losses by Portfolio Segment (Details) - USD ($) $ in Thousands | 3 Months Ended | ||
Sep. 30, 2021 | Sep. 30, 2020 | Jun. 30, 2021 | |
Beginning balance | $ 6,471 | $ 5,678 | |
Provision for loan losses | 190 | 130 | |
Loans charged-off | (34) | (66) | |
Recoveries | 50 | 25 | |
Individually evaluated for impairment | 3 | $ 4 | |
Total ending allowance balance | 6,677 | 5,767 | 6,471 |
Loans individually evaluated for impairment | 1,898 | 1,954 | |
Total ending loans balance | 578,453 | 567,611 | |
Financial Asset Acquired [Member] | |||
Collectively evaluated for impairment | 168 | 160 | |
Loans collectively evaluated for impairment | 51,238 | 35,227 | |
Financial Asset Originated [Member] | |||
Collectively evaluated for impairment | 6,506 | 6,307 | |
Loans collectively evaluated for impairment | 525,317 | 530,430 | |
Commercial Portfolio Segment [Member] | |||
Beginning balance | 904 | 947 | |
Provision for loan losses | 2 | 15 | |
Loans charged-off | 0 | (22) | |
Recoveries | 0 | 0 | |
Individually evaluated for impairment | 0 | 1 | |
Total ending allowance balance | 906 | 940 | 904 |
Loans individually evaluated for impairment | 429 | 437 | |
Total ending loans balance | 94,364 | 110,287 | |
Commercial Portfolio Segment [Member] | Financial Asset Acquired [Member] | |||
Collectively evaluated for impairment | 1 | 0 | |
Loans collectively evaluated for impairment | 810 | 834 | |
Commercial Portfolio Segment [Member] | Financial Asset Originated [Member] | |||
Collectively evaluated for impairment | 905 | 903 | |
Loans collectively evaluated for impairment | 93,125 | 109,016 | |
Commercial Real Estate Portfolio Segment [Member] | |||
Beginning balance | 3,949 | 3,623 | |
Provision for loan losses | 36 | 70 | |
Loans charged-off | 0 | 0 | |
Recoveries | 0 | 1 | |
Individually evaluated for impairment | 0 | 0 | |
Total ending allowance balance | 3,985 | 3,694 | 3,949 |
Loans individually evaluated for impairment | 911 | 921 | |
Total ending loans balance | 287,009 | 280,026 | |
Commercial Real Estate Portfolio Segment [Member] | Financial Asset Acquired [Member] | |||
Collectively evaluated for impairment | 67 | 83 | |
Loans collectively evaluated for impairment | 12,219 | 6,542 | |
Commercial Real Estate Portfolio Segment [Member] | Financial Asset Originated [Member] | |||
Collectively evaluated for impairment | 3,918 | 3,866 | |
Loans collectively evaluated for impairment | 273,879 | 272,563 | |
Residential Portfolio Segment [Member] | |||
Beginning balance | 1,307 | 989 | |
Provision for loan losses | 110 | 8 | |
Loans charged-off | 0 | 0 | |
Recoveries | 13 | 0 | |
Individually evaluated for impairment | 3 | 3 | |
Total ending allowance balance | 1,430 | 997 | 1,307 |
Loans individually evaluated for impairment | 558 | 596 | |
Total ending loans balance | 164,982 | 147,648 | |
Residential Portfolio Segment [Member] | Financial Asset Acquired [Member] | |||
Collectively evaluated for impairment | 100 | 77 | |
Loans collectively evaluated for impairment | 32,402 | 21,363 | |
Residential Portfolio Segment [Member] | Financial Asset Originated [Member] | |||
Collectively evaluated for impairment | 1,327 | 1,227 | |
Loans collectively evaluated for impairment | 132,022 | 125,689 | |
Consumer Portfolio Segment [Member] | |||
Beginning balance | 311 | 119 | |
Provision for loan losses | 42 | 37 | |
Loans charged-off | (34) | (44) | |
Recoveries | 37 | 24 | |
Individually evaluated for impairment | 0 | 0 | |
Total ending allowance balance | 356 | $ 136 | 311 |
Loans individually evaluated for impairment | 0 | 0 | |
Total ending loans balance | 32,098 | 29,650 | |
Consumer Portfolio Segment [Member] | Financial Asset Acquired [Member] | |||
Collectively evaluated for impairment | 0 | 0 | |
Loans collectively evaluated for impairment | 5,807 | 6,488 | |
Consumer Portfolio Segment [Member] | Financial Asset Originated [Member] | |||
Collectively evaluated for impairment | 356 | 311 | |
Loans collectively evaluated for impairment | $ 26,291 | $ 23,162 |
Note 4 - Loans - Impaired Loans
Note 4 - Loans - Impaired Loans (Details) - USD ($) $ in Thousands | 3 Months Ended | ||
Sep. 30, 2021 | Sep. 30, 2020 | Jun. 30, 2021 | |
Impaired Financing Receivable, Related Allowance | $ 3 | $ 4 | |
Impaired Financing Receivable, Unpaid Principal Balance | 2,274 | 2,320 | |
Impaired Financing Receivable, Recorded Investment | 1,898 | 1,954 | |
Impaired Financing Receivable, Average Recorded Investment | 1,907 | $ 1,971 | |
Impaired Financing Receivable, Interest Income, Accrual Method | 7 | 12 | |
Impaired Financing Receivable, Interest Income, Cash Basis Method | 7 | 12 | |
Commercial Portfolio Segment [Member] | |||
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance | 421 | 421 | |
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | 298 | 303 | |
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 299 | 0 | |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 0 | 0 | |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Cash Basis Method | 0 | 0 | |
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance | 130 | 133 | |
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 131 | 134 | |
Impaired Financing Receivable, Related Allowance | 3 | 1 | |
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment | 131 | 171 | |
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method | 2 | 2 | |
Impaired Financing Receivable, with Related Allowance, Interest Income, Cash Basis Method | 2 | 2 | |
Commercial Real Estate Portfolio Segment [Member] | Other Commercial Real Estate Loans [Member] | |||
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance | 1,053 | 1,062 | |
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | 911 | 921 | |
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 914 | 826 | |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 3 | 1 | |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Cash Basis Method | 3 | 1 | |
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance | 0 | ||
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 0 | ||
Impaired Financing Receivable, Related Allowance | 0 | ||
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment | 206 | ||
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method | 3 | ||
Impaired Financing Receivable, with Related Allowance, Interest Income, Cash Basis Method | 3 | ||
Residential Portfolio Segment [Member] | Residential Real Estate Owner Occupied Loans [Member] | |||
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance | 403 | 409 | |
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | 359 | 367 | |
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 363 | 539 | |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 2 | 6 | |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Cash Basis Method | 2 | 6 | |
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance | 28 | ||
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 27 | ||
Impaired Financing Receivable, Related Allowance | 3 | ||
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment | 0 | ||
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method | 0 | ||
Impaired Financing Receivable, with Related Allowance, Interest Income, Cash Basis Method | 0 | ||
Residential Portfolio Segment [Member] | Residential Real Estate Non-owner Occupied Loans [Member] | |||
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance | 267 | 267 | |
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | 199 | $ 202 | |
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 200 | 229 | |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 0 | 0 | |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Cash Basis Method | $ 0 | $ 0 |
Note 4 - Loans - Loans Past Due
Note 4 - Loans - Loans Past Due (Details) - USD ($) $ in Thousands | Sep. 30, 2021 | Jun. 30, 2021 |
Financing Receivable, Recorded Investment, Nonaccrual Status | $ 1,719 | $ 1,771 |
Financing Receivable, Recorded Investment, 90 Days Past Due and Still Accruing | 0 | 41 |
Recorded investment | 578,453 | 567,611 |
Financial Asset, 30 to 59 Days Past Due [Member] | ||
Recorded investment | 130 | 124 |
Financial Asset, 60 to 89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Nonaccrual Status | 209 | |
Recorded investment | 225 | 186 |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Nonaccrual Status | 752 | 994 |
Recorded investment | 752 | 994 |
Financial Asset, Past Due [Member] | ||
Recorded investment | 1,107 | 1,304 |
Financial Asset, Not Past Due [Member] | ||
Financing Receivable, Recorded Investment, Nonaccrual Status | 758 | 777 |
Recorded investment | 577,346 | 566,307 |
Commercial Portfolio Segment [Member] | ||
Financing Receivable, Recorded Investment, Nonaccrual Status | 298 | 303 |
Financing Receivable, Recorded Investment, 90 Days Past Due and Still Accruing | 0 | 0 |
Recorded investment | 94,364 | 110,287 |
Commercial Portfolio Segment [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | ||
Recorded investment | 0 | 0 |
Commercial Portfolio Segment [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | ||
Recorded investment | 0 | 0 |
Commercial Portfolio Segment [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Recorded investment | 0 | 0 |
Commercial Portfolio Segment [Member] | Financial Asset, Past Due [Member] | ||
Recorded investment | 0 | 0 |
Commercial Portfolio Segment [Member] | Financial Asset, Not Past Due [Member] | ||
Recorded investment | 94,364 | 110,287 |
Commercial Real Estate Portfolio Segment [Member] | ||
Recorded investment | 287,009 | 280,026 |
Commercial Real Estate Portfolio Segment [Member] | Other Commercial Real Estate Loans [Member] | ||
Financing Receivable, Recorded Investment, Nonaccrual Status | 865 | 874 |
Financing Receivable, Recorded Investment, 90 Days Past Due and Still Accruing | 0 | 0 |
Recorded investment | 269,550 | 269,548 |
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | ||
Recorded investment | 17,459 | 10,478 |
Commercial Real Estate Portfolio Segment [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | Other Commercial Real Estate Loans [Member] | ||
Recorded investment | 0 | 0 |
Commercial Real Estate Portfolio Segment [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | Construction Loans [Member] | ||
Recorded investment | 0 | 0 |
Commercial Real Estate Portfolio Segment [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | Other Commercial Real Estate Loans [Member] | ||
Recorded investment | 0 | 175 |
Commercial Real Estate Portfolio Segment [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | Construction Loans [Member] | ||
Recorded investment | 0 | 0 |
Commercial Real Estate Portfolio Segment [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Other Commercial Real Estate Loans [Member] | ||
Recorded investment | 629 | 629 |
Commercial Real Estate Portfolio Segment [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Construction Loans [Member] | ||
Recorded investment | 0 | 0 |
Commercial Real Estate Portfolio Segment [Member] | Financial Asset, Past Due [Member] | Other Commercial Real Estate Loans [Member] | ||
Recorded investment | 629 | 804 |
Commercial Real Estate Portfolio Segment [Member] | Financial Asset, Past Due [Member] | Construction Loans [Member] | ||
Recorded investment | 0 | 0 |
Commercial Real Estate Portfolio Segment [Member] | Financial Asset, Not Past Due [Member] | Other Commercial Real Estate Loans [Member] | ||
Recorded investment | 268,921 | 268,744 |
Commercial Real Estate Portfolio Segment [Member] | Financial Asset, Not Past Due [Member] | Construction Loans [Member] | ||
Recorded investment | 17,459 | 10,478 |
Residential Portfolio Segment [Member] | ||
Recorded investment | 164,982 | 147,648 |
Residential Portfolio Segment [Member] | Construction Loans [Member] | ||
Recorded investment | 6,665 | 9,169 |
Residential Portfolio Segment [Member] | Residential Real Estate Owner Occupied Loans [Member] | ||
Financing Receivable, Recorded Investment, Nonaccrual Status | 357 | 392 |
Financing Receivable, Recorded Investment, 90 Days Past Due and Still Accruing | 0 | 29 |
Recorded investment | 138,186 | 119,331 |
Residential Portfolio Segment [Member] | Residential Real Estate Non-owner Occupied Loans [Member] | ||
Financing Receivable, Recorded Investment, Nonaccrual Status | 199 | 202 |
Financing Receivable, Recorded Investment, 90 Days Past Due and Still Accruing | 0 | 0 |
Recorded investment | 20,131 | 19,148 |
Residential Portfolio Segment [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | Construction Loans [Member] | ||
Recorded investment | 0 | 0 |
Residential Portfolio Segment [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | Residential Real Estate Owner Occupied Loans [Member] | ||
Recorded investment | 0 | 29 |
Residential Portfolio Segment [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | Residential Real Estate Non-owner Occupied Loans [Member] | ||
Recorded investment | 0 | 0 |
Residential Portfolio Segment [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | Construction Loans [Member] | ||
Recorded investment | 0 | 0 |
Residential Portfolio Segment [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | Residential Real Estate Owner Occupied Loans [Member] | ||
Recorded investment | 209 | 0 |
Residential Portfolio Segment [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | Residential Real Estate Non-owner Occupied Loans [Member] | ||
Recorded investment | 0 | 0 |
Residential Portfolio Segment [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Construction Loans [Member] | ||
Recorded investment | 0 | 0 |
Residential Portfolio Segment [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Residential Real Estate Owner Occupied Loans [Member] | ||
Recorded investment | 123 | 365 |
Residential Portfolio Segment [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Residential Real Estate Non-owner Occupied Loans [Member] | ||
Recorded investment | 0 | 0 |
Residential Portfolio Segment [Member] | Financial Asset, Past Due [Member] | Construction Loans [Member] | ||
Recorded investment | 0 | 0 |
Residential Portfolio Segment [Member] | Financial Asset, Past Due [Member] | Residential Real Estate Owner Occupied Loans [Member] | ||
Recorded investment | 332 | 394 |
Residential Portfolio Segment [Member] | Financial Asset, Past Due [Member] | Residential Real Estate Non-owner Occupied Loans [Member] | ||
Recorded investment | 0 | 0 |
Residential Portfolio Segment [Member] | Financial Asset, Not Past Due [Member] | Construction Loans [Member] | ||
Recorded investment | 6,665 | 9,169 |
Residential Portfolio Segment [Member] | Financial Asset, Not Past Due [Member] | Residential Real Estate Owner Occupied Loans [Member] | ||
Recorded investment | 137,854 | 118,937 |
Residential Portfolio Segment [Member] | Financial Asset, Not Past Due [Member] | Residential Real Estate Non-owner Occupied Loans [Member] | ||
Recorded investment | 20,131 | 19,148 |
Consumer Portfolio Segment [Member] | ||
Financing Receivable, Recorded Investment, Nonaccrual Status | 0 | 0 |
Financing Receivable, Recorded Investment, 90 Days Past Due and Still Accruing | 0 | 12 |
Recorded investment | 32,098 | 29,650 |
Consumer Portfolio Segment [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | ||
Recorded investment | 130 | 95 |
Consumer Portfolio Segment [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | ||
Recorded investment | 16 | 11 |
Consumer Portfolio Segment [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Recorded investment | 0 | 0 |
Consumer Portfolio Segment [Member] | Financial Asset, Past Due [Member] | ||
Recorded investment | 146 | 106 |
Consumer Portfolio Segment [Member] | Financial Asset, Not Past Due [Member] | ||
Recorded investment | $ 31,952 | $ 29,544 |
Note 4 - Loans - Recorded Inves
Note 4 - Loans - Recorded Investment by Risk Category (Details) - USD ($) $ in Thousands | Sep. 30, 2021 | Jun. 30, 2021 |
Pass [Member] | ||
Financing Receivable, Net | $ 391,347 | $ 401,493 |
Special Mention [Member] | ||
Financing Receivable, Net | 5,294 | 4,143 |
Substandard [Member] | ||
Financing Receivable, Net | 5,053 | 5,230 |
Doubtful [Member] | ||
Financing Receivable, Net | 1,719 | 1,771 |
Not Rated [Member] | ||
Financing Receivable, Net | 175,040 | 154,974 |
Commercial Portfolio Segment [Member] | Pass [Member] | ||
Financing Receivable, Net | 92,817 | 109,118 |
Commercial Portfolio Segment [Member] | Special Mention [Member] | ||
Financing Receivable, Net | 707 | 280 |
Commercial Portfolio Segment [Member] | Substandard [Member] | ||
Financing Receivable, Net | 291 | 309 |
Commercial Portfolio Segment [Member] | Doubtful [Member] | ||
Financing Receivable, Net | 298 | 303 |
Commercial Portfolio Segment [Member] | Not Rated [Member] | ||
Financing Receivable, Net | 251 | 277 |
Commercial Real Estate Portfolio Segment [Member] | Pass [Member] | Construction Loans [Member] | ||
Financing Receivable, Net | 17,459 | 10,478 |
Commercial Real Estate Portfolio Segment [Member] | Pass [Member] | Other Commercial Real Estate Loans [Member] | ||
Financing Receivable, Net | 258,628 | 259,327 |
Commercial Real Estate Portfolio Segment [Member] | Special Mention [Member] | Construction Loans [Member] | ||
Financing Receivable, Net | 0 | 0 |
Commercial Real Estate Portfolio Segment [Member] | Special Mention [Member] | Other Commercial Real Estate Loans [Member] | ||
Financing Receivable, Net | 4,430 | 3,700 |
Commercial Real Estate Portfolio Segment [Member] | Substandard [Member] | Construction Loans [Member] | ||
Financing Receivable, Net | 0 | 0 |
Commercial Real Estate Portfolio Segment [Member] | Substandard [Member] | Other Commercial Real Estate Loans [Member] | ||
Financing Receivable, Net | 4,677 | 4,718 |
Commercial Real Estate Portfolio Segment [Member] | Doubtful [Member] | Construction Loans [Member] | ||
Financing Receivable, Net | 0 | 0 |
Commercial Real Estate Portfolio Segment [Member] | Doubtful [Member] | Other Commercial Real Estate Loans [Member] | ||
Financing Receivable, Net | 865 | 874 |
Commercial Real Estate Portfolio Segment [Member] | Not Rated [Member] | Construction Loans [Member] | ||
Financing Receivable, Net | 0 | 0 |
Commercial Real Estate Portfolio Segment [Member] | Not Rated [Member] | Other Commercial Real Estate Loans [Member] | ||
Financing Receivable, Net | 950 | 929 |
Residential Portfolio Segment [Member] | Pass [Member] | Construction Loans [Member] | ||
Financing Receivable, Net | 1,439 | 1,849 |
Residential Portfolio Segment [Member] | Pass [Member] | Residential Real Estate Owner Occupied Loans [Member] | ||
Financing Receivable, Net | 1,028 | 1,715 |
Residential Portfolio Segment [Member] | Pass [Member] | Residential Real Estate Non-owner Occupied Loans [Member] | ||
Financing Receivable, Net | 19,425 | 18,312 |
Residential Portfolio Segment [Member] | Special Mention [Member] | Construction Loans [Member] | ||
Financing Receivable, Net | 0 | 0 |
Residential Portfolio Segment [Member] | Special Mention [Member] | Residential Real Estate Owner Occupied Loans [Member] | ||
Financing Receivable, Net | 0 | 0 |
Residential Portfolio Segment [Member] | Special Mention [Member] | Residential Real Estate Non-owner Occupied Loans [Member] | ||
Financing Receivable, Net | 157 | 163 |
Residential Portfolio Segment [Member] | Substandard [Member] | Construction Loans [Member] | ||
Financing Receivable, Net | 0 | 0 |
Residential Portfolio Segment [Member] | Substandard [Member] | Residential Real Estate Owner Occupied Loans [Member] | ||
Financing Receivable, Net | 6 | 6 |
Residential Portfolio Segment [Member] | Substandard [Member] | Residential Real Estate Non-owner Occupied Loans [Member] | ||
Financing Receivable, Net | 79 | 197 |
Residential Portfolio Segment [Member] | Doubtful [Member] | Construction Loans [Member] | ||
Financing Receivable, Net | 0 | 0 |
Residential Portfolio Segment [Member] | Doubtful [Member] | Residential Real Estate Owner Occupied Loans [Member] | ||
Financing Receivable, Net | 357 | 392 |
Residential Portfolio Segment [Member] | Doubtful [Member] | Residential Real Estate Non-owner Occupied Loans [Member] | ||
Financing Receivable, Net | 199 | 202 |
Residential Portfolio Segment [Member] | Not Rated [Member] | Construction Loans [Member] | ||
Financing Receivable, Net | 5,226 | 7,320 |
Residential Portfolio Segment [Member] | Not Rated [Member] | Residential Real Estate Owner Occupied Loans [Member] | ||
Financing Receivable, Net | 136,795 | 117,218 |
Residential Portfolio Segment [Member] | Not Rated [Member] | Residential Real Estate Non-owner Occupied Loans [Member] | ||
Financing Receivable, Net | 271 | 274 |
Consumer Portfolio Segment [Member] | Pass [Member] | ||
Financing Receivable, Net | 551 | 694 |
Consumer Portfolio Segment [Member] | Special Mention [Member] | ||
Financing Receivable, Net | 0 | 0 |
Consumer Portfolio Segment [Member] | Substandard [Member] | ||
Financing Receivable, Net | 0 | 0 |
Consumer Portfolio Segment [Member] | Doubtful [Member] | ||
Financing Receivable, Net | 0 | 0 |
Consumer Portfolio Segment [Member] | Not Rated [Member] | ||
Financing Receivable, Net | $ 31,547 | $ 28,956 |
Note 5 - Fair Value (Details Te
Note 5 - Fair Value (Details Textual) - USD ($) $ in Thousands | 3 Months Ended | ||
Sep. 30, 2021 | Sep. 30, 2020 | Jun. 30, 2021 | |
Impaired Financing Receivable, Related Allowance | $ 3 | $ 4 | |
Other Real Estate Owned, Fair Value Disclosure | 0 | $ 0 | |
Fair Value, Nonrecurring [Member] | Impaired Loans [Member] | |||
Impaired Financing Receivable, Related Allowance | 0 | 0 | |
Allowance for Loan and Lease Losses, Period Increase (Decrease), Total | $ 0 | $ 0 |
Note 5 - Fair Value - Assets an
Note 5 - Fair Value - Assets and Liabilities Measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Thousands | Sep. 30, 2021 | Jun. 30, 2021 |
Securities, available-for-sale | $ 245,414 | $ 207,760 |
Equity securities | 424 | 424 |
Fair Value, Recurring [Member] | ||
Equity securities | 424 | 424 |
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Equity securities | 0 | 0 |
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Equity securities | 424 | 424 |
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Equity securities | 0 | 0 |
US Government-sponsored Enterprises Debt Securities [Member] | ||
Securities, available-for-sale | 14,319 | 15,033 |
US Government-sponsored Enterprises Debt Securities [Member] | Fair Value, Recurring [Member] | ||
Securities, available-for-sale | 14,319 | 15,033 |
US Government-sponsored Enterprises Debt Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Securities, available-for-sale | 0 | 0 |
US Government-sponsored Enterprises Debt Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Securities, available-for-sale | 14,319 | 15,033 |
US Government-sponsored Enterprises Debt Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Securities, available-for-sale | 0 | 0 |
US States and Political Subdivisions Debt Securities [Member] | ||
Securities, available-for-sale | 80,181 | 76,499 |
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Recurring [Member] | ||
Securities, available-for-sale | 80,181 | 76,499 |
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Securities, available-for-sale | 0 | 0 |
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Securities, available-for-sale | 80,181 | 76,499 |
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Securities, available-for-sale | 0 | 0 |
Residential Mortgage Backed Securities [Member] | ||
Securities, available-for-sale | 104,202 | 90,517 |
Residential Mortgage Backed Securities [Member] | Fair Value, Recurring [Member] | ||
Securities, available-for-sale | 104,202 | 90,517 |
Residential Mortgage Backed Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Securities, available-for-sale | 0 | 0 |
Residential Mortgage Backed Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Securities, available-for-sale | 104,202 | 90,517 |
Residential Mortgage Backed Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Securities, available-for-sale | 0 | 0 |
Commercial Mortgage Backed Securities [Member] | ||
Securities, available-for-sale | 8,650 | 8,845 |
Commercial Mortgage Backed Securities [Member] | Fair Value, Recurring [Member] | ||
Securities, available-for-sale | 8,650 | 8,845 |
Commercial Mortgage Backed Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Securities, available-for-sale | 0 | 0 |
Commercial Mortgage Backed Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Securities, available-for-sale | 8,650 | 8,845 |
Commercial Mortgage Backed Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Securities, available-for-sale | 0 | 0 |
Collateralized Debt Obligations [Member] | Fair Value, Recurring [Member] | ||
Securities, available-for-sale | 21,989 | 16,374 |
Collateralized Debt Obligations [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Securities, available-for-sale | 0 | 0 |
Collateralized Debt Obligations [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Securities, available-for-sale | 21,989 | 16,374 |
Collateralized Debt Obligations [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Securities, available-for-sale | 0 | 0 |
Other Debt Obligations [Member] | ||
Securities, available-for-sale | 16,073 | 492 |
Other Debt Obligations [Member] | Fair Value, Recurring [Member] | ||
Securities, available-for-sale | 16,073 | 492 |
Other Debt Obligations [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Securities, available-for-sale | 0 | 0 |
Other Debt Obligations [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Securities, available-for-sale | 16,073 | 492 |
Other Debt Obligations [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Securities, available-for-sale | $ 0 | $ 0 |
Note 5 - Fair Value - Estimated
Note 5 - Fair Value - Estimated Fair Values of Financial Instruments (Details) - USD ($) $ in Thousands | Sep. 30, 2021 | Jun. 30, 2021 |
Held-to-maturity, fair value | $ 8,219 | $ 8,352 |
Fair Value, Inputs, Level 1 [Member] | Reported Value Measurement [Member] | ||
Cash and cash equivalents | 87,092 | 18,529 |
Fair Value, Inputs, Level 1 [Member] | Estimate of Fair Value Measurement [Member] | ||
Cash and cash equivalents | 87,092 | 18,529 |
Fair Value, Inputs, Level 2 [Member] | Reported Value Measurement [Member] | ||
Certificates of deposit in other financial institutions | 5,560 | 5,825 |
Loans held for sale | 1,803 | 1,457 |
Accrued interest receivable | 2,531 | 2,077 |
Short-term borrowings | 10,773 | 12,203 |
Federal Home Loan Bank advances | 16,300 | 18,050 |
Accrued interest payable | 66 | 51 |
Fair Value, Inputs, Level 2 [Member] | Reported Value Measurement [Member] | Demand and Savings Deposits [Member] | ||
Demand and savings deposits | 727,606 | 639,310 |
Fair Value, Inputs, Level 2 [Member] | Reported Value Measurement [Member] | Time Deposits [Member] | ||
Demand and savings deposits | 121,580 | 87,539 |
Fair Value, Inputs, Level 2 [Member] | Estimate of Fair Value Measurement [Member] | ||
Certificates of deposit in other financial institutions | 5,693 | 5,955 |
Loans held for sale | 1,834 | 1,488 |
Accrued interest receivable | 2,531 | 2,077 |
Short-term borrowings | 10,773 | 12,203 |
Federal Home Loan Bank advances | 16,342 | 18,247 |
Accrued interest payable | 66 | 51 |
Fair Value, Inputs, Level 2 [Member] | Estimate of Fair Value Measurement [Member] | Demand and Savings Deposits [Member] | ||
Demand and savings deposits | 727,606 | 639,310 |
Fair Value, Inputs, Level 2 [Member] | Estimate of Fair Value Measurement [Member] | Time Deposits [Member] | ||
Demand and savings deposits | 122,296 | 88,147 |
Fair Value, Inputs, Level 3 [Member] | Reported Value Measurement [Member] | ||
Held-to-maturity, fair value | 7,896 | 7,996 |
Loans, net | 570,484 | 559,956 |
Fair Value, Inputs, Level 3 [Member] | Estimate of Fair Value Measurement [Member] | ||
Held-to-maturity, fair value | 8,219 | 8,352 |
Loans, net | $ 578,780 | $ 560,208 |
Note 6 - Earnings Per Share (De
Note 6 - Earnings Per Share (Details Textual) | 3 Months Ended |
Sep. 30, 2020shares | |
Restricted Stock Units (RSUs) [Member] | |
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in shares) | 11,461 |
Note 6 - Earnings Per Share - S
Note 6 - Earnings Per Share - Schedule of Earnings Per Share, Basic and Diluted (Details) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | |
Sep. 30, 2021 | Sep. 30, 2020 | |
Net income available to common shareholders | $ 2,665 | $ 2,401 |
Weighted average common shares outstanding (in shares) | 3,024,794 | 3,010,844 |
Basic income per share (in dollars per share) | $ 0.88 | $ 0.80 |
Dilutive effect of restricted stock (in shares) | 202 | 0 |
Total common shares and dilutive potential common shares (in shares) | 3,024,996 | 3,010,844 |
Dilutive income per share (in dollars per share) | $ 0.88 | $ 0.80 |
Note 7 - Accumulated Other Co_3
Note 7 - Accumulated Other Comprehensive Income (Loss) - Components of Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands | 3 Months Ended | ||
Sep. 30, 2021 | Sep. 30, 2020 | ||
Accumulated other comprehensive income (loss), before tax | $ 4,493 | $ 5,393 | |
Accumulated other comprehensive income (loss), tax | (943) | (1,133) | |
Accumulated other comprehensive income (loss), net | 3,550 | 4,260 | |
Unrealized holding gains (losses) on securities arising during the period, before tax | (1,566) | 70 | |
Unrealized holding gains (losses) on securities arising during the period, tax | 328 | (14) | |
Unrealized holding gains (losses) on securities arising during the period, net | [1],[2] | (1,238) | 56 |
Accumulated other comprehensive income (loss), before tax | 2,927 | 5,463 | |
Accumulated other comprehensive income (loss), tax | (615) | (1,147) | |
Accumulated other comprehensive income (loss), net | $ 2,312 | $ 4,316 | |
[1] | Income tax expense | ||
[2] | Securities (gains) losses, net |