VWF Bancorp (VWFB) 10-Q 27 Jun 22 2022 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Mar. 31, 2022	Jun. 27, 2022
Document and Entity Information [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Mar. 31, 2022
Entity File Number	333-263476
Entity Registrant Name	VWF Bancorp, Inc.
Entity Incorporation, State or Country Code	MD
Entity Tax Identification Number	88-1256373
Entity Address State Or Province	OH
Entity Address, Address Line One	976 South Shannon Street
Entity Address, City or Town	Van Wert
Entity Address, Postal Zip Code	45891
City Area Code	419
Local Phone Number	238-9662
Entity Current Reporting Status	No
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		0
Entity Central Index Key	0001913838
Current Fiscal Year End Date	--06-30
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q3
Amendment Flag	false

Balance Sheets

Balance Sheets - USD ($)	Mar. 31, 2022	Jun. 30, 2021
Assets
Cash and due from banks	$ 22,107,184	$ 11,660,839
Interest-bearing time deposits	2,440,000	4,890,000
Available-for-sale debt securities	25,206,796	28,526,420
Loans, net of allowance for loan losses of $222,884 at March 31, 2022 and June 30, 2021	78,664,219	74,384,207
Premises and equipment	1,383,280	1,421,166
Federal Home Loan Bank stock	1,012,900	1,012,900
Bank owned life insurance	5,085,168	5,003,803
Accrued interest receivable	232,312	193,018
Other assets	916,593	134,596
Total assets	137,048,452	127,226,949
Deposits
Demand	26,310,674	19,237,348
Savings and money market	49,868,639	43,184,282
Time	35,995,008	38,501,260
Total deposits	112,174,321	100,922,890
Advances from borrowers for taxes and insurance	468,438	579,312
Accrued interest payable and other liabilities	259,601	328,771
Total liabilities	112,902,360	101,830,973
Commitments and Contingencies
Equity
Retained earnings	25,422,870	25,471,008
Accumulated other comprehensive income (loss)	(1,276,778)	(75,032)
Total equity	24,146,092	25,395,976
Total liabilities and equity	$ 137,048,452	$ 127,226,949

Balance Sheets (Parenthetical)

Balance Sheets (Parenthetical) - USD ($)	Jun. 30, 2022	Mar. 31, 2022
Balance Sheets
Allowance for loan losses	$ 222,884	$ 222,884

Statements of Operations

Statements of Operations - USD ($)	3 Months Ended		9 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2022	Mar. 31, 2021
Interest Income
Loans	$ 677,875	$ 680,379	$ 2,040,931	$ 2,061,618
Investment securities	86,595	55,391	242,938	135,385
Interest-bearing deposits and other	20,360	34,046	73,979	127,281
Total interest income	784,830	769,816	2,357,848	2,324,284
Interest Expense
Deposits	74,683	102,743	253,692	354,401
Federal Home Loan Bank advances			1	2
Total interest expense	74,683	102,743	253,693	354,403
Net Interest Income	710,147	667,073	2,104,155	1,969,881
Net Interest Income After Provision for Loan Losses	710,147	667,073	2,104,155	1,969,881
Noninterest Income
Bank owned life insurance	26,602	27,195	81,365	83,483
Other income	26,812	26,831	80,901	73,832
Total noninterest income	53,414	54,026	162,266	157,315
Noninterest Expense
Salaries and employee benefits	357,419	337,375	1,064,369	1,011,209
Directors fees	35,000	52,000	130,500	150,667
Occupancy and equipment	50,384	50,818	140,411	140,501
Data processing fees	61,294	50,251	175,524	148,557
Franchise taxes	38,824	34,852	108,604	100,083
FDIC insurance premiums	8,400	7,350	24,700	17,570
Professional services	57,848	34,298	130,853	109,504
Loss on sale of investment securities			291,198
Other	88,900	76,525	280,006	241,386
Total noninterest expense	698,069	643,469	2,346,165	1,919,477
Income (loss) before income taxes	65,492	77,630	(79,744)	207,719
Provision for income taxes (benefits)	5,840	9,674	(31,606)	24,534
Net Income (Loss)	$ 59,652	$ 67,956	$ (48,138)	$ 183,185

Statements of Comprehensive Inc

Statements of Comprehensive Income (Loss) - USD ($)	3 Months Ended		9 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2022	Mar. 31, 2021
Statements of Comprehensive Income (Loss)
Net Income (Loss)	$ 59,652	$ 67,956	$ (48,138)	$ 183,185
Other comprehensive income (loss):
Net unrealized losses on available-for-sale securities	(1,475,929)	(350,884)	(1,812,396)	(281,882)
Reclassification adjustment for realized losses on sale of securities			291,198
Tax benefit	309,945	73,685	319,452	59,195
Other comprehensive loss	(1,165,984)	(277,199)	(1,201,746)	(222,687)
Comprehensive loss	$ (1,106,332)	$ (209,243)	$ (1,249,884)	$ (39,502)

Statements of Changes in Equity

Statements of Changes in Equity - USD ($)	Retained Earnings Adjustment	Retained Earnings	AOCI Attributable to Parent	Adjustment	Total
Beginning balance at Jun. 30, 2020	$ (64,489)	$ 25,277,733	$ 84,490	$ (64,489)	$ 25,362,223
Net income		183,185			183,185
Other comprehensive loss			(222,687)		(222,687)
Ending balance at Mar. 31, 2021		25,396,429	(138,197)		25,258,232
Beginning balance at Dec. 31, 2020		25,328,473	139,002		25,467,475
Net income		67,956			67,956
Other comprehensive loss			(277,199)		(277,199)
Ending balance at Mar. 31, 2021		25,396,429	(138,197)		25,258,232
Beginning balance at Jun. 30, 2021		25,471,008	(75,032)		25,395,976
Net income		(48,138)			(48,138)
Other comprehensive loss			(1,201,746)		(1,201,746)
Ending balance at Mar. 31, 2022		25,422,870	(1,276,778)		24,146,092
Beginning balance at Dec. 31, 2021		25,363,218	(110,794)		25,252,424
Net income		59,652			59,652
Other comprehensive loss			(1,165,984)		(1,165,984)
Ending balance at Mar. 31, 2022		$ 25,422,870	$ (1,276,778)		$ 24,146,092

Statements of Cash Flows

Statements of Cash Flows - USD ($)	9 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Operating Activities
Net income (loss)	$ (48,138)	$ 183,185
Items not requiring (providing) cash:
Depreciation and amortization	48,917	54,497
Amortization of premiums and discounts	63,956	33,087
Loss on sale of investment securities	291,198
Increase in cash surrender value of bank-owned life insurance	(81,365)	(83,483)
Changes in:
Accrued interest receivable	(39,294)	14,568
Other assets and liabilities	(531,716)	(94,821)
Net cash provided by (used in) operating activities	(296,442)	107,033
Investing Activities
Net change in interest-bearing time deposits	2,450,000	2,940,000
Purchases of available-for-sale securities	(11,594,684)	(17,541,175)
Proceeds from calls, maturities and paydowns of available-for-sale securities	3,329,514	5,885,670
Proceeds from sales of investment securities	9,708,443
Net change in loans	(4,280,012)	(427,166)
Purchase of premises and equipment	(11,031)	(41,002)
Net cash used in investing activities	(397,770)	(9,183,673)
Financing Activities
Net increase in deposit accounts	11,251,431	7,562,504
Net change in advances by borrowers for taxes and insurance	(110,874)	(178,556)
Net cash provided by financing activities	11,140,557	7,383,948
Increase (Decrease) in Cash and Cash Equivalents	10,446,345	(1,692,692)
Cash and Cash Equivalents, Beginning of Period	11,660,839	23,773,919
Cash and Cash Equivalents, End of Period	22,107,184	22,081,227
Cash paid during the period for:
Interest on deposits and borrowings	253,677	354,439
Income taxes	$ 30,000	$ 75,000

Nature of Operations and Summar

Nature of Operations and Summary of Significant Accounting Policies	9 Months Ended
	Mar. 31, 2022
Accounting Policies
Nature of Operations and Summary of Significant Accounting Policies	Note 1: Nature of Operations Van Wert Federal Savings Bank (Bank) is a federally chartered mutual thrift engaged primarily in the business of making residential mortgage loans and accepting deposits. Its operations are conducted through its office located in Van Wert, Ohio. The Bank faces competition from other financial institutions and is subject to the regulation of certain federal and state agencies and undergoes periodic examinations by those regulatory authorities. On March 3, 2022, the Board of Directors of the Bank adopted a plan of conversion (Plan). The Plan sets forth that the Bank proposes to convert into a stock savings bank structure with the establishment of a stock holding company (VWF Bancorp, Inc.), as parent of the Bank. The Bank will convert to the stock form of ownership, followed by the issuance of all of the Bank’s outstanding stock to VWF Bancorp, Inc. Pursuant to the Plan, the Bank has determined the total offering value and number of shares of common stock based upon an independent appraiser’s valuation. The stock will be priced at $10.00 per share. In addition, the Bank’s Board of Directors will adopt an employee stock ownership plan (ESOP) which will subscribe for up to 8% of the common stock sold in the offering. The Plan has been approved by the Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency and by the affirmative vote of a majority of the total votes eligible to be cast by the voting members of the Bank at a special meeting. VWF Bancorp, Inc. is organized as a corporation under the laws of the State of Maryland and will own all of the outstanding common stock of the Bank upon completion of the conversion. The costs of issuing the common stock have been deferred and will be deducted from the sales proceeds of the offering. If the conversion is unsuccessful, all deferred costs will be charged to operations. Deferred conversion costs totaled approximately $452,000 at March 31, 2022 (unaudited). The Bank had incurred no deferred conversion costs as of June 30, 2021. Interim Financial Statements The interim condensed financial statements as of March 31, 2022, and for the three and nine months ended March 31, 2022 and 2021, are unaudited and reflect all normal recurring adjustments that are, in the opinion of management, necessary for a fair presentation of the results for the interim periods presented. Such adjustments are the only adjustments contained in these unaudited financial statements. These unaudited condensed financial statements have been prepared according to the rules and regulations of the Securities and Exchange Commission and, therefore, certain information and footnote disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles in the United States of America (“GAAP”) have been omitted. The results of operations for the three and nine months ended March 31, 2022, are not necessarily indicative of the results to be achieved for the remainder of the year ending June 30, 2022, or any other period. The accompanying condensed financial statements as of March 31, 2022 and June 30, 2021 and for the three and nine months ended March 31, 2022 and 2021, should be read in conjunction with the audited financial statements as of and for the years ended June 30, 2021 and 2020 contained in the Company’s definitive prospectus dated May 13, 2022 Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change relate to the determination of the allowance for loan losses, valuation of real estate acquired in connection with foreclosures or in satisfaction of loans, valuation of deferred tax assets and fair values of financial instruments. Change in Accounting Principle In March 2017, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2017-08 Premium Amortization on Purchased Callable Debt Securities. The Bank adopted ASU 2017-08 effective July 1, 2020, as required. As provided for in the ASU, a cumulative effect adjustment, representing a charge of $64,489, was recorded to retained earnings upon adoption, which equaled the difference at that date between use of the shorter amortization period to the call date for securities affected by the change. Revenue Recognition On July 1, 2020, the Bank adopted Accounting Standards Update (ASU) 2014-09 "Revenue from Contracts with Customers" (Accounting Standards Codification (ASC) 606) and all subsequent ASUs that modified ASC 606. ASC 606 provides that an entity should recognize revenue to depict the transfer of promised goods and services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. Interest income, net securities gains (losses) and income from bank-owned life insurance are not included within the scope of ASC 606. For the revenue streams in the scope of ASC 606, service charges on deposits and electronic banking fees, there are no significant judgments related to the amount and timing of revenue recognition. All of the Bank’s in scope revenue from contracts with customers is recognized within other noninterest income. Deposit Services.

Future Change in Accounting Pri

Future Change in Accounting Principle	9 Months Ended
	Mar. 31, 2022
Future Change In Accounting Principle
Future Change in Accounting Principle	Note 2: The FASB issued ASU No. 2016- 13, Financial Instruments—Credit Losses (Topic 326) The CECL model utilizes a lifetime “expected credit loss” measurement objective for the recognition of credit losses for loans, held-to-maturity securities and other receivables at the time the financial asset is originated or acquired. The expected credit losses are adjusted each period for changes in expected lifetime credit losses. For available-for-sale securities where fair value is less than cost, credit-related impairment, if any, will be recognized in an allowance for credit losses and adjusted each period for changes in expected credit risk. This model replaces the multiple existing impairment models, which generally require that a loss be incurred before it is recognized. The CECL model represents a significant change from existing practice and may result in material changes to the Bank’s accounting for financial instruments. The Bank is evaluating the effect ASU 2016-13 will have on its financial statements and related disclosures. The impact of the ASU will depend upon the state of the economy and the nature of our portfolios at the date of adoption. The new standard is effective for the Bank for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years.

Debt Securities

Debt Securities	9 Months Ended
	Mar. 31, 2022
Debt Securities
Debt Securities	Note 3: Debt securities held by the Bank generally are classified and recorded in the financial statements as available for sale, with unrealized gains and losses excluded from earnings and reported in other comprehensive income (loss). The amortized cost and fair values, together with gross unrealized gains and losses of securities are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gross ​ Gross ​ ​ ​ ​ ​ Amortized ​ Unrealized ​ Unrealized ​ Approximate ​ Cost Gains Losses Fair Value ​ (Unaudited) Available-for-sale Securities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. Government agencies ​ $ 6,000,000 ​ $ — ​ $ 181,950 ​ $ 5,818,050 Mortgage-backed Government ​ ​ ​ ​ Sponsored Enterprises (GSEs) ​ 16,694,394 ​ 23,122 ​ 994,429 ​ 15,723,087 State and political subdivisions ​ 4,128,577 ​ — ​ 462,918 ​ 3,665,659 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 26,822,971 ​ $ 23,122 ​ $ 1,639,297 ​ $ 25,206,796 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gross Gross ​ ​ ​ ​ Amortized ​ Unrealized ​ Unrealized ​ Approximate ​ ​ Cost ​ Gains ​ Losses ​ Fair Value Available-for-sale Securities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. Government agencies ​ $ 9,999,088 ​ $ 280 ​ $ 92,068 ​ $ 9,907,300 Mortgage-backed Government ​ ​ ​ ​ Sponsored Enterprises (GSEs) ​ 15,085,673 ​ 142,693 ​ 131,065 ​ 15,097,301 State and political subdivisions ​ 3,536,636 ​ 23,378 ​ 38,195 ​ 3,521,819 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 28,621,397 ​ $ 166,351 ​ $ 261,328 ​ $ 28,526,420 ​ The amortized cost and fair value of available-for-sale securities at March 31, 2022, by contractual maturity, are shown below. Expected maturities will differ from contractual maturities because issuers may have the right to call or prepay obligations with or without call or prepayment penalties: ​ ​ ​ ​ ​ ​ ​ ​ ​ Available-for-sale ​ ​ ​ ​ ​ Amortized ​ Fair ​ Cost Value ​ (Unaudited) Within one year ​ $ — ​ $ — One to five years ​ 6,000,000 ​ 5,818,050 Five to ten years ​ 951,639 ​ 887,762 After ten years ​ 3,176,938 ​ 2,777,897 ​ ​ ​ 10,128,577 ​ ​ 9,483,709 Mortgage-backed GSEs ​ 16,694,394 ​ 15,723,087 ​ ​ ​ ​ ​ ​ ​ Totals ​ $ 26,822,971 ​ $ 25,206,796 ​ The carrying value of securities pledged as collateral, to secure public deposits and for other purposes, was $4,916,000 and at Proceeds from sales of securities totaled $9,708,000 during the nine months ended March 31, 2022. Such sales resulted in gross realized losses of $291,000. There were no sales of securities during the nine months ended March 31, 2021. Certain investments in debt securities are reported in the financial statements at an amount less than their historical cost. Total fair value of these investments at March 31, 2022 and June 30, 2021 was $22,951,000 and $20,459,000, which is approximately 91 percent and 72 percent, respectively, of the fair value of the Bank’s total investment portfolio. These declines primarily resulted from changes in market interest rates. Based on evaluation of available evidence, including recent changes in market interest rates and information obtained from regulatory filings, management believes the declines in fair value for these securities are temporary. Should the impairment of any of these securities become other than temporary, the cost basis of the investment will be reduced and the resulting loss recognized in net income in the period the other-than-temporary impairment is identified. The following tables show the Bank’s investments’ gross unrealized losses and fair value of the Bank’s investments with unrealized losses that are not deemed to be other-than-temporarily impaired, aggregated by investment class and length of time that individual securities have been in a continuous unrealized loss position at March 31, 2022 and June 30, 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2022 (Unaudited) ​ ​ Less than 12 Months 12 Months or More Total ​ ​ Fair Unrealized ​ Fair Unrealized ​ Fair Unrealized Description of Securities ​ Value ​ Losses ​ Value ​ Losses ​ Value ​ Losses U.S. Government agencies ​ $ — ​ $ — ​ $ 5,818,050 ​ $ 181,950 ​ $ 5,818,050 ​ $ 181,950 Mortgage-backed Government ​ ​ ​ ​ ​ ​ Sponsored Enterprises (GSEs) ​ 5,526,860 ​ 550,710 ​ 7,939,973 ​ 443,719 ​ 13,466,833 ​ 994,429 State and political subdivisions ​ 1,253,396 ​ 159,695 ​ 2,412,263 ​ 303,223 ​ 3,665,659 ​ 462,918 Total temporarily impaired securities ​ $ 6,780,256 ​ $ 710,405 ​ $ 16,170,286 ​ $ 928,892 ​ $ 22,950,542 ​ $ 1,639,297 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2021 ​ ​ Less than 12 Months 12 Months or More Total ​ ​ Fair Unrealized ​ Fair Unrealized ​ Fair Unrealized Description of Securities ​ Value ​ Losses ​ Value ​ Losses ​ Value ​ Losses U.S. Government agencies ​ $ 8,907,020 ​ $ 92,068 ​ $ — ​ $ — ​ $ 8,907,020 ​ $ 92,068 Mortgage-backed Government ​ ​ ​ ​ ​ ​ Sponsored Enterprises (GSEs) ​ 9,571,406 ​ 130,703 ​ 89,672 ​ 362 ​ 9,661,078 ​ 131,065 State and political subdivisions ​ 1,890,798 ​ 38,195 ​ — ​ — ​ 1,890,798 ​ 38,195 Total temporarily impaired securities ​ $ 20,369,224 ​ $ 260,966 ​ $ 89,672 ​ $ 362 ​ $ 20,458,896 ​ $ 261,328 ​ U.S. Government Agencies and State and Political Subdivisions Unrealized losses on these securities have not been recognized because the issuers’ bonds are of high credit quality, values have only been impacted by changes in interest rates since the securities were purchased, and the Bank has the intent and ability to hold the securities for the foreseeable future. The fair value is expected to recover as the bonds approach the maturity date. Because the decline in market value was attributable to changes in interest rates, and not credit quality, and because the Bank typically does not intend to sell the investments and it is not more likely than not the Bank will be required to sell the investments before recovery of their amortized cost basis, which may be maturity, the Bank does not consider those investments to be other-than-temporarily impaired at March 31, 2022 and June 30, 2021. Mortgage-backed GSE’s The unrealized losses on the Bank’s investment in residential mortgage-backed securities were caused by changes in interest rates and illiquidity. The Bank expects to recover the amortized cost basis over the term of the securities. Because the decline in market value is attributable to changes in interest rates and illiquidity, and not credit quality, and because the Bank does not intend to sell the investments and it is not more likely than not the Bank will be required to sell the investments before recovery of their amortized cost basis, which may be maturity, the Bank does not consider those investments to be other-than-temporarily impaired at March 31, 2022 and June 30, 2021.

Loans and Allowance for Loan Lo

Loans and Allowance for Loan Losses	9 Months Ended
	Mar. 31, 2022
Loans and Allowance for Loan Losses
Loans and Allowance for Loan Losses	Note 4: Categories of loans at March 31, 2022 and June 30, 2021 include: ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, June 30, ​ ​ 2022 ​ 2021 ​ ​ (Unaudited) ​ Commercial real estate ​ $ 9,913,287 ​ $ 6,547,889 Residential real estate ​ 64,485,705 ​ 61,355,004 Multifamily real estate ​ 726,341 ​ — Agricultural real estate ​ 3,474,292 ​ 2,976,060 Construction and land ​ 3,783,052 ​ 4,877,306 Commercial and industrial ​ 382,217 ​ 341,973 Home equity line of credit (HELOC) ​ 250,490 ​ 205,888 Consumer ​ 706,339 ​ 774,906 Total loans ​ 83,721,723 ​ 77,079,026 Less: ​ ​ Undisbursed loans in process ​ 4,826,705 ​ 2,479,669 Net deferred loan costs, premiums and discounts ​ 7,915 ​ (7,734) Allowance for loan losses ​ 222,884 ​ 222,884 Net loans ​ $ 78,664,219 ​ $ 74,384,207 ​ The following tables present the activity in the allowance for loan losses based on portfolio segment for the three months ended March 31, 2022 and 2021. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended March 31, 2022 (Unaudited) ​ ​ Real Estate ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Construction Commercial ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ Residential ​ Agricultural ​ & Land ​ & Industrial ​ HELOC ​ Consumer ​ Total Allowance for loan losses: ​ ​ ​ ​ ​ ​ ​ ​ Balance, January 1, 2022 ​ $ 29,022 ​ $ 168,038 ​ $ 12,866 ​ $ 9,999 ​ $ 1,268 ​ $ 983 ​ $ 708 ​ $ 222,884 Provision (credit) for loan losses ​ 1,157 ​ 3,937 ​ 728 ​ (5,904) ​ 228 ​ (330) ​ 184 ​ — Charge-offs ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — Recoveries ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — Balance, March 31, 2022 ​ $ 30,179 ​ $ 171,975 ​ $ 13,594 ​ $ 4,095 ​ $ 1,496 ​ $ 653 ​ $ 892 ​ $ 222,884 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended March 31, 2021 (Unaudited) ​ ​ Real Estate ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Construction Commercial ​ ​ ​ ​ ​ Commercial ​ Residential ​ Agricultural ​ & Land ​ & Industrial ​ HELOC ​ Consumer ​ Total Allowance for loan losses: ​ ​ ​ ​ ​ ​ ​ ​ Balance, January 1, 2021 ​ $ 30,666 ​ $ 169,960 ​ $ 12,524 ​ $ 7,236 ​ $ 1,241 ​ $ 641 ​ $ 616 ​ $ 222,884 Provision (credit) for loan losses ​ (505) ​ 299 ​ (608) ​ 641 ​ 253 ​ 4 ​ (84) ​ — Charge-offs ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — Recoveries ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — Balance, March 31, 2021 ​ $ 30,161 ​ $ 170,259 ​ $ 11,916 ​ $ 7,877 ​ $ 1,494 ​ $ 645 ​ $ 532 ​ $ 222,884 ​ The following tables present the activity in the allowance for loan losses based on portfolio segment for the nine months ended March 31, 2022 and 2021 and for the year ended June 30, 2021. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine Months Ended March 31, 2022 (Unaudited) ​ ​ Real Estate ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Construction ​ Commercial ​ ​ ​ ​ ​ ​ ​ ​ Commercial Residential Agricultural & Land & Industrial HELOC Consumer Total Allowance for loan losses: ​ ​ ​ ​ ​ ​ ​ ​ Balance, July 1, 2021 ​ $ 27,506 ​ $ 176,498 ​ $ 8,334 ​ $ 7,723 ​ $ 1,437 ​ $ 577 ​ $ 809 ​ $ 222,884 Provision (credit) for loan losses ​ 2,673 ​ (4,523) ​ 5,260 ​ (3,628) ​ 59 ​ 76 ​ 83 ​ — Charge-offs ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — Recoveries ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — Balance, March 31, 2022 ​ $ 30,179 ​ $ 171,975 ​ $ 13,594 ​ $ 4,095 ​ $ 1,496 ​ $ 653 ​ $ 892 ​ $ 222,884 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine Months Ended March 31, 2021 (Unaudited) ​ ​ Real Estate ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Construction ​ Commercial ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial Residential Agricultural & Land & Industrial HELOC Consumer Total Allowance for loan losses: ​ ​ ​ ​ ​ ​ ​ ​ Balance, July 1, 2020 ​ $ 18,469 ​ $ 187,308 ​ $ 8,830 ​ $ 7,828 ​ $ 114 ​ $ 80 ​ $ 255 ​ $ 222,884 Provision (credit) for loan losses ​ 11,692 ​ (17,049) ​ 3,086 ​ 49 ​ 1,380 ​ 565 ​ 277 ​ — Charge-offs ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — Recoveries ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — Balance, March 31, 2021 ​ $ 30,161 ​ $ 170,259 ​ $ 11,916 ​ $ 7,877 ​ $ 1,494 ​ $ 645 ​ $ 532 ​ $ 222,884 ​ The following tables present the balance in the allowance for loan losses and the recorded investment in loans based on portfolio segment and impairment method as of March 31, 2022 and June 30, 2021 : ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2022 (Unaudited) ​ ​ Real Estate ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Construction ​ Commercial ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial Residential Agricultural and Land & Industrial HELOC Consumer Total Allowance for loan losses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Ending balance, individually evaluated for impairment ​ $ — ​ $ 3,392 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 3,392 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Ending balance, collectively evaluated for impairment ​ $ 30,179 ​ $ 168,583 ​ $ 13,594 ​ $ 4,095 ​ $ 1,496 ​ $ 653 ​ $ 892 ​ $ 219,492 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans: ​ ​ ​ ​ ​ ​ ​ ​ Ending balance ​ $ 10,639,628 ​ $ 64,485,705 ​ $ 3,474,292 ​ $ 3,783,052 ​ $ 382,217 ​ $ 250,490 ​ $ 706,339 ​ $ 83,721,723 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Ending balance; individually evaluated for impairment ​ $ — ​ $ 231,156 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 231,156 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Ending balance; collectively evaluated for impairment ​ $ 10,639,628 ​ $ 64,254,549 ​ $ 3,474,292 ​ $ 3,783,052 ​ $ 382,217 ​ $ 250,490 ​ $ 706,339 ​ $ 83,490,567 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2021 ​ ​ Real Estate ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Construction ​ Commercial ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial Residential Agricultural and Land & Industrial HELOC Consumer Total Allowance for loan losses: ​ ​ ​ ​ ​ ​ ​ ​ ​ Ending balance, individually evaluated for impairment ​ $ — ​ $ 5,169 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 5,169 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Ending balance, collectively evaluated for impairment ​ $ 27,506 ​ $ 171,329 ​ $ 8,334 ​ $ 7,723 ​ $ 1,437 ​ $ 577 ​ $ 809 ​ $ 217,715 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans: ​ ​ ​ ​ ​ ​ ​ ​ Ending balance ​ $ 6,547,889 ​ $ 61,355,004 ​ $ 2,976,060 ​ $ 4,877,306 ​ $ 341,973 ​ $ 205,888 ​ $ 774,906 ​ $ 77,079,026 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Ending balance; individually evaluated for impairment ​ $ — ​ $ 176,746 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 176,746 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Ending balance; collectively evaluated for impairment ​ $ 6,547,889 ​ $ 61,178,258 ​ $ 2,976,060 ​ $ 4,877,306 ​ $ 341,973 ​ $ 205,888 ​ $ 774,906 ​ $ 76,902,280 ​ The Bank has adopted a standard loan grading system for all loans. Definitions: Non-Performing: Performing: Risk characteristics of each loan portfolio segment are described as follows: Commercial Real Estate These loans include commercial real estate and residential real estate secured by property with five or more units. The main risks are changes in the value of the collateral, ability of borrowers to collect rents, vacancy and changes in the tenants’ employment status. Management specifically considers unemployment and changes in real estate values in the Bank’s market area. Residential Real Estate These loans include first liens and junior liens on 1-4 family residential real estate (both owner and non-owner occupied). The main risks for these loans are changes in the value of the collateral and stability of the local economic environment and its impact on the borrowers’ employment. Management specifically considers unemployment and changes in real estate values in the Bank’s market area. Agriculture Real Estate These loans include loans on farm ground, vacant land for development and loans on commercial real estate. The main risks are changes in the value of the collateral and changes in the economy or borrowers’ business operations. Management specifically considers unemployment and changes in real estate values in the Bank’s market area. Commercial and Industrial The commercial and industrial portfolio includes loans to commercial customers for use in financing working capital needs, equipment purchases and expansions. The loans in this category are repaid primarily from the cash flow of a borrower’s principal business operation. Credit risk in these loans is driven by creditworthiness of the borrower and the economic conditions that impact the cash flow stability from business operations. Construction and Land Real Estate These loans include construction loans for 1-4 family residential and commercial properties (both owner and non-owner occupied) and first liens on land. The main risks for construction loans include uncertainties in estimating costs of construction and in estimating the market value of the completed project. The main risks for land loans are changes in the value of the collateral and stability of the local economic environment. Management specifically considers unemployment and changes in real estate values in the Bank's market area. HELOC These loans are generally secured by owner-occupied 1-4 family residences. The main risks for these loans are changes in the value of the collateral and stability of the local economic environment and its impact on the borrowers’ employment. Management specifically considers unemployment and changes in real estate values in the Bank’s market area. Consumer Loans These loans include vehicle loans, share loans and unsecured loans. The main risks for these loans are the depreciation of the collateral values (vehicles) and the financial condition of the borrowers. Major employment changes are specifically considered by management. The following tables present the credit risk profile of the Bank’s loan portfolio based on internal rating category and payment activity as of March 31, 2022 and June 30, 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2022 (Unaudited) ​ ​ Real Estate ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Construction ​ Commercial ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial Residential Agricultural and Land & Industrial HELOC Consumer Total ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Performing ​ $ 10,639,628 ​ $ 64,254,549 ​ $ 3,474,292 ​ $ 3,783,052 ​ $ 382,217 ​ $ 250,490 ​ $ 706,339 ​ $ 83,490,567 Nonperforming ​ — ​ 231,156 ​ — ​ — ​ — ​ — ​ — ​ 231,156 Total ​ $ 10,639,628 ​ $ 64,485,705 ​ $ 3,474,292 ​ $ 3,783,052 ​ $ 382,217 ​ $ 250,490 ​ $ 706,339 ​ $ 83,721,723 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2021 ​ ​ Real Estate ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Construction ​ Commercial ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial Residential Agricultural and Land & Industrial HELOC ​ Consumer ​ Total ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Performing ​ $ 6,547,889 ​ $ 61,172,131 ​ $ 2,976,060 ​ $ 4,877,306 ​ $ 341,973 ​ $ 205,888 ​ $ 774,906 ​ $ 76,896,153 Nonperforming ​ — ​ 182,873 ​ — ​ — ​ — ​ — ​ — ​ 182,873 Total ​ $ 6,547,889 ​ $ 61,355,004 ​ $ 2,976,060 ​ $ 4,877,306 ​ $ 341,973 ​ $ 205,888 ​ $ 774,906 ​ $ 77,079,026 ​ The Bank evaluates the loan risk grading system definitions and allowance for loan losses methodology on an ongoing basis. No significant changes were made to either during the past year. The following tables present the Bank’s loan portfolio aging analysis of the recorded investment in loans as of March 31, 2022 and June 30, 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2022 (Unaudited) ​ ​ ​ ​ ​ ​ ​ ​ Greater Than ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Loans > ​ ​ 30-59 Days ​ 60-89 Days ​ 90 Days ​ Total ​ ​ ​ ​ Total Loans ​ 90 Days & ​ Past Due Past Due Past Due Past Due Current Receivable Accruing ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial real estate ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 10,639,628 ​ $ 10,639,628 ​ $ — Residential real estate ​ 1,098,180 ​ 44,539 ​ 72,335 ​ 1,215,054 ​ 63,270,651 ​ 64,485,705 ​ — Agricultural real estate ​ — ​ — ​ — ​ — ​ 3,474,292 ​ 3,474,292 ​ — Construction and land ​ — ​ — ​ — ​ — ​ 3,783,052 ​ 3,783,052 ​ — Commercial and industrial ​ — ​ — ​ — ​ — ​ 382,217 ​ 382,217 ​ — HELOC ​ — ​ — ​ — ​ — ​ 250,490 ​ 250,490 ​ — Consumer ​ — ​ — ​ — ​ — ​ 706,339 ​ 706,339 ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total ​ $ 1,098,180 ​ $ 44,539 ​ $ 72,335 ​ $ 1,215,054 ​ $ 82,506,669 ​ $ 83,721,723 ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2021 ​ ​ ​ ​ ​ ​ ​ ​ Greater Than ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Loans > ​ ​ 30-59 Days ​ 60-89 Days ​ 90 Days ​ Total ​ ​ ​ ​ Total Loans ​ 90 Days & ​ Past Due Past Due Past Due Past Due Current Receivable Accruing ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial real estate ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 6,547,889 ​ $ 6,547,889 ​ $ — Residential real estate ​ — ​ 99,563 ​ 176,746 ​ 276,309 ​ 61,078,695 ​ 61,355,004 ​ 97,490 Agricultural real estate ​ — ​ — ​ — ​ — ​ 2,976,060 ​ 2,976,060 ​ — Construction and land ​ — ​ — ​ — ​ — ​ 4,877,306 ​ 4,877,306 ​ — Commercial and industrial ​ — ​ — ​ — ​ — ​ 341,973 ​ 341,973 ​ — HELOC ​ — ​ — ​ — ​ — ​ 205,888 ​ 205,888 ​ — Consumer ​ — ​ — ​ — ​ — ​ 774,906 ​ 774,906 ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total ​ $ — ​ $ 99,563 ​ $ 176,746 ​ $ 276,309 ​ $ 76,802,717 ​ $ 77,079,026 ​ $ 97,490 ​ A loan is considered impaired when, based on current information and events, it is probable that the Bank will be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the loan agreement. Information on impaired loans as of and for the nine months ended March 31, 2022 and for the year ended June 30, 2021 is as follows. The Bank had no loans identified as impaired as of March 31, 2021. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Nine Months Ended ​ ​ As of and for the three months ended March 31, 2022 ​ March 31, 2022 ​ ​ ​ ​ ​ Unpaid ​ ​ ​ ​ Average Balance of ​ Interest ​ Average Balance of ​ Interest ​ ​ Recorded ​ Principal ​ Specific ​ Impaired ​ Income ​ Impaired ​ Income ​ ​ Balance ​ Balance ​ Allowance ​ Loans ​ Recognized ​ Loans ​ Recognized ​ ​ (Unaudited) Loans without a specific valuation allowance: ​ ​ ​ ​ ​ ​ ​ Real estate ​ ​ ​ ​ ​ ​ ​ Residential ​ $ 167,439 ​ $ 167,439 ​ $ — ​ $ 158,807 ​ $ 1,340 ​ $ 170,932 ​ $ 3,942 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans with a specific valuation allowance: ​ ​ ​ ​ ​ ​ ​ Real estate ​ ​ ​ ​ ​ ​ ​ Residential ​ 63,717 ​ 63,717 ​ 3,392 ​ 64,040 ​ 926 ​ 64,631 ​ 3,115 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Totals ​ $ 231,156 ​ $ 231,156 ​ $ 3,392 ​ $ 222,847 ​ $ 2,266 ​ $ 235,563 ​ $ 7,057 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of and for the year ended June 30, 2021 ​ ​ ​ ​ ​ Unpaid ​ ​ ​ ​ Average Balance of ​ Interest ​ ​ Recorded ​ Principal ​ Specific ​ Impaired ​ Income ​ Balance Balance Allowance Loans Recognized ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans without a specific valuation allowance: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Real estate ​ ​ ​ ​ ​ Residential ​ $ 111,252 ​ $ 111,252 ​ $ — ​ $ 112,957 ​ $ 5,807 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans with a specific valuation allowance: ​ ​ ​ ​ ​ Real estate ​ ​ ​ ​ ​ Residential ​ 65,494 ​ 65,494 ​ 5,169 ​ 65,823 ​ 3,491 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Totals ​ $ 176,746 ​ $ 176,746 ​ $ 5,169 ​ $ 178,780 ​ $ 9,298 ​ Nonaccrual loans as of March 31, 2022 and June 30, 2021 are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, June 30, ​ ​ 2022 ​ 2021 ​ ​ (Unaudited) ​ ​ Commercial real estate ​ $ — ​ $ — Residential real estate ​ 231,156 ​ 85,384 Agricultural real estate ​ — ​ — Construction and land ​ — ​ — Commercial and industrial ​ — ​ — Home equity line of credit (HELOC) ​ — ​ — Consumer ​ — ​ — ​ ​ ​ ​ ​ ​ ​ Total nonaccrual ​ $ 231,156 ​ $ 85,384 ​ There were no significant loans modified in a troubled debt restructuring during the nine months ended March 31, 2022 and 2021, or for the year ended June 30, 2021. There were no troubled debt restructurings modified in the past 12 months that subsequently defaulted for the nine months ended March 31, 2022 or for the year ended June 30, 2021.

Regulatory Matters

Regulatory Matters	9 Months Ended
	Mar. 31, 2022
Regulatory Matters
Regulatory Matters	Note 5: The Bank is subject to various regulatory capital requirements administered by the federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory, and possibly additional discretionary, actions by regulators that, if undertaken, could have a direct material effect on the Bank’s financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Bank must meet specific capital guidelines that involve quantitative measures of the Bank’s assets, liabilities and certain off-balance-sheet items as calculated under U.S. GAAP reporting requirements and regulatory capital standards. The Bank’s capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings and other factors. Furthermore, the Bank’s regulators could require adjustments to regulatory capital not reflected in these financial statements. On November 13, 2019, the federal regulators finalized and adopted a regulatory capital rule establishing a new community bank leverage ratio (CBLR), which became effective on January 1, 2020. The intent of the CBLR is to provide a simple alternative measure of capital adequacy for electing qualifying depository institutions and depository institution holding companies, as directed under the Economic Growth, Regulatory Relief, and Consumer Protection Act i.e. two In April 2020, under the Coronavirus Aid, Relief, and Economic Security Act

Disclosures about Fair Value of

Disclosures about Fair Value of Assets and Liabilities	9 Months Ended
	Mar. 31, 2022
Disclosures about Fair Value of Assets and Liabilities
Disclosures about Fair Value of Assets and Liabilities	Note 6: Fair value is the exchange price that would be received to sell an asset or paid to transfer a liability (exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants at the measurement date. Fair value measurements must maximize the use of observable inputs and minimize the use of unobservable inputs. There is a hierarchy of three levels of inputs that may be used to measure fair value: Level 1 Quoted prices (unadjusted) for identical assets or liabilities in active markets that the entity has the ability to access as of the measurement date. Level 2 Significant other observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data. Level 3 Significant unobservable inputs that reflect an entity’s own assumptions about the assumptions that market participants would use in pricing an asset or liability. Recurring Measurements The following table presents the fair value measurements of assets recognized in the accompanying balance sheets measured at fair value on a recurring basis and the level within the fair value hierarchy in which the fair value measurements fall at March 31, 2022 and June 30, 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value Measurements Using ​ ​ ​ ​ ​ Quoted Prices in ​ ​ ​ ​ Significant ​ ​ ​ Active Markets for Significant Other Unobservable ​ ​ Fair Identical Assets Observable Inputs Inputs ​ Value (Level 1) (Level 2) (Level 3) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2022 (unaudited) ​ ​ ​ ​ U.S. Government agencies ​ $ 5,818,050 ​ $ — ​ $ 5,818,050 ​ $ — Mortgage-backed GSEs ​ 15,725,233 ​ — ​ 15,725,233 ​ — State and political subdivisions ​ 3,665,659 ​ — ​ 3,665,659 ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2021 ​ ​ ​ ​ U.S. Government agencies ​ $ 9,907,300 ​ $ — ​ $ 9,907,300 ​ $ — Mortgage-backed GSEs ​ 15,097,301 ​ — ​ 15,097,301 ​ — State and political subdivisions ​ 3,521,819 ​ — ​ 3,521,819 ​ — ​ Following is a description of the valuation methodologies used for assets measured at fair value on a recurring basis and recognized in the accompanying balance sheets, as well as the general classification of such assets pursuant to the valuation hierarchy. There are no liabilities measured at fair value on a recurring basis. There have been no significant changes in the valuation techniques during the nine months ended March 31, 2022 and for the year ended June 30, 2021. Available-for-sale Securities Where quoted market prices are available in an active market, securities are classified within Level 1 of the valuation hierarchy. If quoted market prices are not available, then fair values are estimated by using quoted prices of securities with similar characteristics or independent asset pricing services and pricing models, the inputs of which are market-based or independently sourced market parameters, including, but not limited to, yield curves, interest rates, volatilities, prepayments, defaults, cumulative loss projections and cash flows. Such securities are classified in Level 2 of the valuation hierarchy. In certain cases where Level 1 or Level 2 are not available, securities are classified within Level 3 of the hierarchy. The Bank had no Level 3 securities. The Bank had no assets or liabilities measured at fair value on a nonrecurring basis at March 31, 2022 and June 30, 2021. The estimated fair values of the Bank’s financial instruments not carried at fair value on the balance sheets at March 31, 2022 and June 30, 2021 are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Carrying Fair Fair Value Measurements Using ​ Value Value (Level 1) (Level 2) (Level 3) March 31, 2022 (unaudited) ​ ​ ​ ​ ​ Financial assets: ​ ​ ​ ​ ​ Cash and due from banks ​ $ 22,107,184 ​ $ 22,107,184 ​ $ 22,107,184 ​ $ — ​ $ — Interest-bearing time deposits ​ 2,440,000 ​ 2,440,000 ​ 2,440,000 ​ — ​ — Loans, net ​ 78,664,219 ​ 77,409,496 ​ — ​ — ​ 77,409,496 FHLB Stock ​ 1,012,900 ​ 1,012,900 ​ — ​ 1,012,900 ​ — Bank owned life insurance ​ 5,085,168 ​ 5,085,168 ​ 5,085,168 ​ — ​ — Accrued interest receivable ​ 232,312 ​ 232,312 ​ 232,312 ​ — ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial liabilities: ​ ​ ​ ​ ​ Deposits ​ 112,174,321 ​ 111,988,313 ​ 76,179,313 ​ — ​ 35,809,000 Accrued interest payable ​ 23 ​ 23 ​ 23 ​ — ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2021 ​ ​ ​ ​ ​ Financial assets: ​ ​ ​ ​ ​ Cash and due from banks ​ $ 11,660,839 ​ $ 11,660,839 ​ $ 11,660,839 ​ $ — ​ $ — Interest-bearing time deposits ​ 4,890,000 ​ 4,890,000 ​ 4,890,000 ​ — ​ — Loans, net ​ 74,384,207 ​ 74,574,181 ​ — ​ — ​ 74,574,181 FHLB Stock ​ 1,012,900 ​ 1,012,900 ​ — ​ 1,012,900 ​ — Bank owned life insurance ​ 5,003,803 ​ 5,003,803 ​ 5,003,803 ​ — ​ — Accrued interest receivable ​ 193,018 ​ 193,018 ​ 193,018 ​ — ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial liabilities: ​ ​ ​ ​ ​ Deposits ​ 100,922,890 ​ 101,367,630 ​ 62,421,630 ​ — ​ 38,946,000 Accrued interest payable ​ 7 ​ 7 ​ 7 ​ — ​ — ​ Limitations:

Commitments

Commitments	9 Months Ended
	Mar. 31, 2022
Commitments
Commitments	Note 7: Commitments to originate loans are agreements to lend to a customer as long as there is no violation of any condition established in the contract. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. Since a portion of the commitments may expire without being drawn upon, the total commitment amounts do not necessarily represent future cash requirements. Each customer’s creditworthiness is evaluated on a case-by-case basis. The amount of collateral obtained, if deemed necessary, is based on management’s credit evaluation of the counterparty. Collateral held varies, but may include accounts receivable, inventory, property, plant and equipment, commercial real estate and residential real estate. Lines of credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract. Lines of credit generally have fixed expiration dates. Since a portion of the line may expire without being drawn upon, the total unused lines do not necessarily represent future cash requirements. Each customer’s creditworthiness is evaluated on a case-by-case basis. The amount of collateral obtained, if deemed necessary, is based on management’s credit evaluation of the counterparty. Collateral held varies but may include accounts receivable, inventory, property, plant and equipment, commercial real estate and residential real estate. Management uses the same credit policies in granting lines of credit as it does for on-balance-sheet instruments. Commitments outstanding at March 31, 2022 and June 30, 2021 were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, June 30, ​ 2022 2021 ​ ​ (Unaudited) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commitments to originate loans ​ $ 1,046,000 ​ $ 626,000 Undisbursed balance of loans closed ​ 6,978,000 ​ 4,247,000 ​ ​ ​ ​ ​ ​ ​ Total ​ $ 8,024,000 ​ $ 4,873,000 ​

Nature of Operations and Summ_2

Nature of Operations and Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Mar. 31, 2022
Accounting Policies
Interim Financial Statements	Interim Financial Statements The interim condensed financial statements as of March 31, 2022, and for the three and nine months ended March 31, 2022 and 2021, are unaudited and reflect all normal recurring adjustments that are, in the opinion of management, necessary for a fair presentation of the results for the interim periods presented. Such adjustments are the only adjustments contained in these unaudited financial statements. These unaudited condensed financial statements have been prepared according to the rules and regulations of the Securities and Exchange Commission and, therefore, certain information and footnote disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles in the United States of America (“GAAP”) have been omitted. The results of operations for the three and nine months ended March 31, 2022, are not necessarily indicative of the results to be achieved for the remainder of the year ending June 30, 2022, or any other period. The accompanying condensed financial statements as of March 31, 2022 and June 30, 2021 and for the three and nine months ended March 31, 2022 and 2021, should be read in conjunction with the audited financial statements as of and for the years ended June 30, 2021 and 2020 contained in the Company’s definitive prospectus dated May 13, 2022
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change relate to the determination of the allowance for loan losses, valuation of real estate acquired in connection with foreclosures or in satisfaction of loans, valuation of deferred tax assets and fair values of financial instruments.
Change in Accounting Principle	Change in Accounting Principle In March 2017, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2017-08 Premium Amortization on Purchased Callable Debt Securities. The Bank adopted ASU 2017-08 effective July 1, 2020, as required. As provided for in the ASU, a cumulative effect adjustment, representing a charge of $64,489, was recorded to retained earnings upon adoption, which equaled the difference at that date between use of the shorter amortization period to the call date for securities affected by the change.
Revenue Recognition	Revenue Recognition On July 1, 2020, the Bank adopted Accounting Standards Update (ASU) 2014-09 "Revenue from Contracts with Customers" (Accounting Standards Codification (ASC) 606) and all subsequent ASUs that modified ASC 606. ASC 606 provides that an entity should recognize revenue to depict the transfer of promised goods and services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. Interest income, net securities gains (losses) and income from bank-owned life insurance are not included within the scope of ASC 606. For the revenue streams in the scope of ASC 606, service charges on deposits and electronic banking fees, there are no significant judgments related to the amount and timing of revenue recognition. All of the Bank’s in scope revenue from contracts with customers is recognized within other noninterest income. Deposit Services.

Debt Securities (Tables)

Debt Securities (Tables)	9 Months Ended
	Mar. 31, 2022
Debt Securities
Schedule of amortized cost and fair value of available-for-sale securities	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gross ​ Gross ​ ​ ​ ​ ​ Amortized ​ Unrealized ​ Unrealized ​ Approximate ​ Cost Gains Losses Fair Value ​ (Unaudited) Available-for-sale Securities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. Government agencies ​ $ 6,000,000 ​ $ — ​ $ 181,950 ​ $ 5,818,050 Mortgage-backed Government ​ ​ ​ ​ Sponsored Enterprises (GSEs) ​ 16,694,394 ​ 23,122 ​ 994,429 ​ 15,723,087 State and political subdivisions ​ 4,128,577 ​ — ​ 462,918 ​ 3,665,659 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 26,822,971 ​ $ 23,122 ​ $ 1,639,297 ​ $ 25,206,796 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gross Gross ​ ​ ​ ​ Amortized ​ Unrealized ​ Unrealized ​ Approximate ​ ​ Cost ​ Gains ​ Losses ​ Fair Value Available-for-sale Securities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. Government agencies ​ $ 9,999,088 ​ $ 280 ​ $ 92,068 ​ $ 9,907,300 Mortgage-backed Government ​ ​ ​ ​ Sponsored Enterprises (GSEs) ​ 15,085,673 ​ 142,693 ​ 131,065 ​ 15,097,301 State and political subdivisions ​ 3,536,636 ​ 23,378 ​ 38,195 ​ 3,521,819 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 28,621,397 ​ $ 166,351 ​ $ 261,328 ​ $ 28,526,420
schedule of contractual maturities of amortized cost and fair value	​ The amortized cost and fair value of available-for-sale securities at March 31, 2022, by contractual maturity, are shown below. Expected maturities will differ from contractual maturities because issuers may have the right to call or prepay obligations with or without call or prepayment penalties: ​ ​ ​ ​ ​ ​ ​ ​ ​ Available-for-sale ​ ​ ​ ​ ​ Amortized ​ Fair ​ Cost Value ​ (Unaudited) Within one year ​ $ — ​ $ — One to five years ​ 6,000,000 ​ 5,818,050 Five to ten years ​ 951,639 ​ 887,762 After ten years ​ 3,176,938 ​ 2,777,897 ​ ​ ​ 10,128,577 ​ ​ 9,483,709 Mortgage-backed GSEs ​ 16,694,394 ​ 15,723,087 ​ ​ ​ ​ ​ ​ ​ Totals ​ $ 26,822,971 ​ $ 25,206,796 ​
Schedule of continuous unrealized loss position of available for sale debt securities	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2022 (Unaudited) ​ ​ Less than 12 Months 12 Months or More Total ​ ​ Fair Unrealized ​ Fair Unrealized ​ Fair Unrealized Description of Securities ​ Value ​ Losses ​ Value ​ Losses ​ Value ​ Losses U.S. Government agencies ​ $ — ​ $ — ​ $ 5,818,050 ​ $ 181,950 ​ $ 5,818,050 ​ $ 181,950 Mortgage-backed Government ​ ​ ​ ​ ​ ​ Sponsored Enterprises (GSEs) ​ 5,526,860 ​ 550,710 ​ 7,939,973 ​ 443,719 ​ 13,466,833 ​ 994,429 State and political subdivisions ​ 1,253,396 ​ 159,695 ​ 2,412,263 ​ 303,223 ​ 3,665,659 ​ 462,918 Total temporarily impaired securities ​ $ 6,780,256 ​ $ 710,405 ​ $ 16,170,286 ​ $ 928,892 ​ $ 22,950,542 ​ $ 1,639,297 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2021 ​ ​ Less than 12 Months 12 Months or More Total ​ ​ Fair Unrealized ​ Fair Unrealized ​ Fair Unrealized Description of Securities ​ Value ​ Losses ​ Value ​ Losses ​ Value ​ Losses U.S. Government agencies ​ $ 8,907,020 ​ $ 92,068 ​ $ — ​ $ — ​ $ 8,907,020 ​ $ 92,068 Mortgage-backed Government ​ ​ ​ ​ ​ ​ Sponsored Enterprises (GSEs) ​ 9,571,406 ​ 130,703 ​ 89,672 ​ 362 ​ 9,661,078 ​ 131,065 State and political subdivisions ​ 1,890,798 ​ 38,195 ​ — ​ — ​ 1,890,798 ​ 38,195 Total temporarily impaired securities ​ $ 20,369,224 ​ $ 260,966 ​ $ 89,672 ​ $ 362 ​ $ 20,458,896 ​ $ 261,328

Loans and Allowance for Loan _2

Loans and Allowance for Loan Losses (Tables)	9 Months Ended
	Mar. 31, 2022
Loans and Allowance for Loan Losses
Schedule of categories of loans	​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, June 30, ​ ​ 2022 ​ 2021 ​ ​ (Unaudited) ​ Commercial real estate ​ $ 9,913,287 ​ $ 6,547,889 Residential real estate ​ 64,485,705 ​ 61,355,004 Multifamily real estate ​ 726,341 ​ — Agricultural real estate ​ 3,474,292 ​ 2,976,060 Construction and land ​ 3,783,052 ​ 4,877,306 Commercial and industrial ​ 382,217 ​ 341,973 Home equity line of credit (HELOC) ​ 250,490 ​ 205,888 Consumer ​ 706,339 ​ 774,906 Total loans ​ 83,721,723 ​ 77,079,026 Less: ​ ​ Undisbursed loans in process ​ 4,826,705 ​ 2,479,669 Net deferred loan costs, premiums and discounts ​ 7,915 ​ (7,734) Allowance for loan losses ​ 222,884 ​ 222,884 Net loans ​ $ 78,664,219 ​ $ 74,384,207
Schedule of allowance for loan losses based on portfolio segment and impairment method	​ The following tables present the activity in the allowance for loan losses based on portfolio segment for the three months ended March 31, 2022 and 2021. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended March 31, 2022 (Unaudited) ​ ​ Real Estate ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Construction Commercial ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ Residential ​ Agricultural ​ & Land ​ & Industrial ​ HELOC ​ Consumer ​ Total Allowance for loan losses: ​ ​ ​ ​ ​ ​ ​ ​ Balance, January 1, 2022 ​ $ 29,022 ​ $ 168,038 ​ $ 12,866 ​ $ 9,999 ​ $ 1,268 ​ $ 983 ​ $ 708 ​ $ 222,884 Provision (credit) for loan losses ​ 1,157 ​ 3,937 ​ 728 ​ (5,904) ​ 228 ​ (330) ​ 184 ​ — Charge-offs ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — Recoveries ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — Balance, March 31, 2022 ​ $ 30,179 ​ $ 171,975 ​ $ 13,594 ​ $ 4,095 ​ $ 1,496 ​ $ 653 ​ $ 892 ​ $ 222,884 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended March 31, 2021 (Unaudited) ​ ​ Real Estate ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Construction Commercial ​ ​ ​ ​ ​ Commercial ​ Residential ​ Agricultural ​ & Land ​ & Industrial ​ HELOC ​ Consumer ​ Total Allowance for loan losses: ​ ​ ​ ​ ​ ​ ​ ​ Balance, January 1, 2021 ​ $ 30,666 ​ $ 169,960 ​ $ 12,524 ​ $ 7,236 ​ $ 1,241 ​ $ 641 ​ $ 616 ​ $ 222,884 Provision (credit) for loan losses ​ (505) ​ 299 ​ (608) ​ 641 ​ 253 ​ 4 ​ (84) ​ — Charge-offs ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — Recoveries ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — Balance, March 31, 2021 ​ $ 30,161 ​ $ 170,259 ​ $ 11,916 ​ $ 7,877 ​ $ 1,494 ​ $ 645 ​ $ 532 ​ $ 222,884 ​ The following tables present the activity in the allowance for loan losses based on portfolio segment for the nine months ended March 31, 2022 and 2021 and for the year ended June 30, 2021. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine Months Ended March 31, 2022 (Unaudited) ​ ​ Real Estate ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Construction ​ Commercial ​ ​ ​ ​ ​ ​ ​ ​ Commercial Residential Agricultural & Land & Industrial HELOC Consumer Total Allowance for loan losses: ​ ​ ​ ​ ​ ​ ​ ​ Balance, July 1, 2021 ​ $ 27,506 ​ $ 176,498 ​ $ 8,334 ​ $ 7,723 ​ $ 1,437 ​ $ 577 ​ $ 809 ​ $ 222,884 Provision (credit) for loan losses ​ 2,673 ​ (4,523) ​ 5,260 ​ (3,628) ​ 59 ​ 76 ​ 83 ​ — Charge-offs ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — Recoveries ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — Balance, March 31, 2022 ​ $ 30,179 ​ $ 171,975 ​ $ 13,594 ​ $ 4,095 ​ $ 1,496 ​ $ 653 ​ $ 892 ​ $ 222,884 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine Months Ended March 31, 2021 (Unaudited) ​ ​ Real Estate ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Construction ​ Commercial ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial Residential Agricultural & Land & Industrial HELOC Consumer Total Allowance for loan losses: ​ ​ ​ ​ ​ ​ ​ ​ Balance, July 1, 2020 ​ $ 18,469 ​ $ 187,308 ​ $ 8,830 ​ $ 7,828 ​ $ 114 ​ $ 80 ​ $ 255 ​ $ 222,884 Provision (credit) for loan losses ​ 11,692 ​ (17,049) ​ 3,086 ​ 49 ​ 1,380 ​ 565 ​ 277 ​ — Charge-offs ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — Recoveries ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — Balance, March 31, 2021 ​ $ 30,161 ​ $ 170,259 ​ $ 11,916 ​ $ 7,877 ​ $ 1,494 ​ $ 645 ​ $ 532 ​ $ 222,884 ​ The following tables present the balance in the allowance for loan losses and the recorded investment in loans based on portfolio segment and impairment method as of March 31, 2022 and June 30, 2021 : ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2022 (Unaudited) ​ ​ Real Estate ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Construction ​ Commercial ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial Residential Agricultural and Land & Industrial HELOC Consumer Total Allowance for loan losses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Ending balance, individually evaluated for impairment ​ $ — ​ $ 3,392 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 3,392 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Ending balance, collectively evaluated for impairment ​ $ 30,179 ​ $ 168,583 ​ $ 13,594 ​ $ 4,095 ​ $ 1,496 ​ $ 653 ​ $ 892 ​ $ 219,492 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans: ​ ​ ​ ​ ​ ​ ​ ​ Ending balance ​ $ 10,639,628 ​ $ 64,485,705 ​ $ 3,474,292 ​ $ 3,783,052 ​ $ 382,217 ​ $ 250,490 ​ $ 706,339 ​ $ 83,721,723 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Ending balance; individually evaluated for impairment ​ $ — ​ $ 231,156 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 231,156 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Ending balance; collectively evaluated for impairment ​ $ 10,639,628 ​ $ 64,254,549 ​ $ 3,474,292 ​ $ 3,783,052 ​ $ 382,217 ​ $ 250,490 ​ $ 706,339 ​ $ 83,490,567 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2021 ​ ​ Real Estate ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Construction ​ Commercial ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial Residential Agricultural and Land & Industrial HELOC Consumer Total Allowance for loan losses: ​ ​ ​ ​ ​ ​ ​ ​ ​ Ending balance, individually evaluated for impairment ​ $ — ​ $ 5,169 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 5,169 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Ending balance, collectively evaluated for impairment ​ $ 27,506 ​ $ 171,329 ​ $ 8,334 ​ $ 7,723 ​ $ 1,437 ​ $ 577 ​ $ 809 ​ $ 217,715 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans: ​ ​ ​ ​ ​ ​ ​ ​ Ending balance ​ $ 6,547,889 ​ $ 61,355,004 ​ $ 2,976,060 ​ $ 4,877,306 ​ $ 341,973 ​ $ 205,888 ​ $ 774,906 ​ $ 77,079,026 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Ending balance; individually evaluated for impairment ​ $ — ​ $ 176,746 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 176,746 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Ending balance; collectively evaluated for impairment ​ $ 6,547,889 ​ $ 61,178,258 ​ $ 2,976,060 ​ $ 4,877,306 ​ $ 341,973 ​ $ 205,888 ​ $ 774,906 ​ $ 76,902,280 ​
Schedule of credit risk profile of Bank's loan portfolio based on internal rating category and payment activity	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2022 (Unaudited) ​ ​ Real Estate ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Construction ​ Commercial ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial Residential Agricultural and Land & Industrial HELOC Consumer Total ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Performing ​ $ 10,639,628 ​ $ 64,254,549 ​ $ 3,474,292 ​ $ 3,783,052 ​ $ 382,217 ​ $ 250,490 ​ $ 706,339 ​ $ 83,490,567 Nonperforming ​ — ​ 231,156 ​ — ​ — ​ — ​ — ​ — ​ 231,156 Total ​ $ 10,639,628 ​ $ 64,485,705 ​ $ 3,474,292 ​ $ 3,783,052 ​ $ 382,217 ​ $ 250,490 ​ $ 706,339 ​ $ 83,721,723 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2021 ​ ​ Real Estate ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Construction ​ Commercial ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial Residential Agricultural and Land & Industrial HELOC ​ Consumer ​ Total ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Performing ​ $ 6,547,889 ​ $ 61,172,131 ​ $ 2,976,060 ​ $ 4,877,306 ​ $ 341,973 ​ $ 205,888 ​ $ 774,906 ​ $ 76,896,153 Nonperforming ​ — ​ 182,873 ​ — ​ — ​ — ​ — ​ — ​ 182,873 Total ​ $ 6,547,889 ​ $ 61,355,004 ​ $ 2,976,060 ​ $ 4,877,306 ​ $ 341,973 ​ $ 205,888 ​ $ 774,906 ​ $ 77,079,026 ​
Schedule of Bank's loan portfolio aging analysis of recorded investment in loans	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2022 (Unaudited) ​ ​ ​ ​ ​ ​ ​ ​ Greater Than ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Loans > ​ ​ 30-59 Days ​ 60-89 Days ​ 90 Days ​ Total ​ ​ ​ ​ Total Loans ​ 90 Days & ​ Past Due Past Due Past Due Past Due Current Receivable Accruing ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial real estate ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 10,639,628 ​ $ 10,639,628 ​ $ — Residential real estate ​ 1,098,180 ​ 44,539 ​ 72,335 ​ 1,215,054 ​ 63,270,651 ​ 64,485,705 ​ — Agricultural real estate ​ — ​ — ​ — ​ — ​ 3,474,292 ​ 3,474,292 ​ — Construction and land ​ — ​ — ​ — ​ — ​ 3,783,052 ​ 3,783,052 ​ — Commercial and industrial ​ — ​ — ​ — ​ — ​ 382,217 ​ 382,217 ​ — HELOC ​ — ​ — ​ — ​ — ​ 250,490 ​ 250,490 ​ — Consumer ​ — ​ — ​ — ​ — ​ 706,339 ​ 706,339 ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total ​ $ 1,098,180 ​ $ 44,539 ​ $ 72,335 ​ $ 1,215,054 ​ $ 82,506,669 ​ $ 83,721,723 ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2021 ​ ​ ​ ​ ​ ​ ​ ​ Greater Than ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Loans > ​ ​ 30-59 Days ​ 60-89 Days ​ 90 Days ​ Total ​ ​ ​ ​ Total Loans ​ 90 Days & ​ Past Due Past Due Past Due Past Due Current Receivable Accruing ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial real estate ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 6,547,889 ​ $ 6,547,889 ​ $ — Residential real estate ​ — ​ 99,563 ​ 176,746 ​ 276,309 ​ 61,078,695 ​ 61,355,004 ​ 97,490 Agricultural real estate ​ — ​ — ​ — ​ — ​ 2,976,060 ​ 2,976,060 ​ — Construction and land ​ — ​ — ​ — ​ — ​ 4,877,306 ​ 4,877,306 ​ — Commercial and industrial ​ — ​ — ​ — ​ — ​ 341,973 ​ 341,973 ​ — HELOC ​ — ​ — ​ — ​ — ​ 205,888 ​ 205,888 ​ — Consumer ​ — ​ — ​ — ​ — ​ 774,906 ​ 774,906 ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total ​ $ — ​ $ 99,563 ​ $ 176,746 ​ $ 276,309 ​ $ 76,802,717 ​ $ 77,079,026 ​ $ 97,490 ​
Schedule of information on impaired loans	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Nine Months Ended ​ ​ As of and for the three months ended March 31, 2022 ​ March 31, 2022 ​ ​ ​ ​ ​ Unpaid ​ ​ ​ ​ Average Balance of ​ Interest ​ Average Balance of ​ Interest ​ ​ Recorded ​ Principal ​ Specific ​ Impaired ​ Income ​ Impaired ​ Income ​ ​ Balance ​ Balance ​ Allowance ​ Loans ​ Recognized ​ Loans ​ Recognized ​ ​ (Unaudited) Loans without a specific valuation allowance: ​ ​ ​ ​ ​ ​ ​ Real estate ​ ​ ​ ​ ​ ​ ​ Residential ​ $ 167,439 ​ $ 167,439 ​ $ — ​ $ 158,807 ​ $ 1,340 ​ $ 170,932 ​ $ 3,942 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans with a specific valuation allowance: ​ ​ ​ ​ ​ ​ ​ Real estate ​ ​ ​ ​ ​ ​ ​ Residential ​ 63,717 ​ 63,717 ​ 3,392 ​ 64,040 ​ 926 ​ 64,631 ​ 3,115 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Totals ​ $ 231,156 ​ $ 231,156 ​ $ 3,392 ​ $ 222,847 ​ $ 2,266 ​ $ 235,563 ​ $ 7,057 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of and for the year ended June 30, 2021 ​ ​ ​ ​ ​ Unpaid ​ ​ ​ ​ Average Balance of ​ Interest ​ ​ Recorded ​ Principal ​ Specific ​ Impaired ​ Income ​ Balance Balance Allowance Loans Recognized ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans without a specific valuation allowance: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Real estate ​ ​ ​ ​ ​ Residential ​ $ 111,252 ​ $ 111,252 ​ $ — ​ $ 112,957 ​ $ 5,807 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans with a specific valuation allowance: ​ ​ ​ ​ ​ Real estate ​ ​ ​ ​ ​ Residential ​ 65,494 ​ 65,494 ​ 5,169 ​ 65,823 ​ 3,491 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Totals ​ $ 176,746 ​ $ 176,746 ​ $ 5,169 ​ $ 178,780 ​ $ 9,298 ​
Schedule of nonaccrual loans	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, June 30, ​ ​ 2022 ​ 2021 ​ ​ (Unaudited) ​ ​ Commercial real estate ​ $ — ​ $ — Residential real estate ​ 231,156 ​ 85,384 Agricultural real estate ​ — ​ — Construction and land ​ — ​ — Commercial and industrial ​ — ​ — Home equity line of credit (HELOC) ​ — ​ — Consumer ​ — ​ — ​ ​ ​ ​ ​ ​ ​ Total nonaccrual ​ $ 231,156 ​ $ 85,384

Disclosures about Fair Value _2

Disclosures about Fair Value of Assets and Liabilities (Tables)	9 Months Ended
	Mar. 31, 2022
Disclosures about Fair Value of Assets and Liabilities
Schedule of fair value of assets measured on recurring basis	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value Measurements Using ​ ​ ​ ​ ​ Quoted Prices in ​ ​ ​ ​ Significant ​ ​ ​ Active Markets for Significant Other Unobservable ​ ​ Fair Identical Assets Observable Inputs Inputs ​ Value (Level 1) (Level 2) (Level 3) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2022 (unaudited) ​ ​ ​ ​ U.S. Government agencies ​ $ 5,818,050 ​ $ — ​ $ 5,818,050 ​ $ — Mortgage-backed GSEs ​ 15,725,233 ​ — ​ 15,725,233 ​ — State and political subdivisions ​ 3,665,659 ​ — ​ 3,665,659 ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2021 ​ ​ ​ ​ U.S. Government agencies ​ $ 9,907,300 ​ $ — ​ $ 9,907,300 ​ $ — Mortgage-backed GSEs ​ 15,097,301 ​ — ​ 15,097,301 ​ — State and political subdivisions ​ 3,521,819 ​ — ​ 3,521,819 ​ —
Schedule of estimated fair value of assets and liabilities not carried at fair value	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Carrying Fair Fair Value Measurements Using ​ Value Value (Level 1) (Level 2) (Level 3) March 31, 2022 (unaudited) ​ ​ ​ ​ ​ Financial assets: ​ ​ ​ ​ ​ Cash and due from banks ​ $ 22,107,184 ​ $ 22,107,184 ​ $ 22,107,184 ​ $ — ​ $ — Interest-bearing time deposits ​ 2,440,000 ​ 2,440,000 ​ 2,440,000 ​ — ​ — Loans, net ​ 78,664,219 ​ 77,409,496 ​ — ​ — ​ 77,409,496 FHLB Stock ​ 1,012,900 ​ 1,012,900 ​ — ​ 1,012,900 ​ — Bank owned life insurance ​ 5,085,168 ​ 5,085,168 ​ 5,085,168 ​ — ​ — Accrued interest receivable ​ 232,312 ​ 232,312 ​ 232,312 ​ — ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial liabilities: ​ ​ ​ ​ ​ Deposits ​ 112,174,321 ​ 111,988,313 ​ 76,179,313 ​ — ​ 35,809,000 Accrued interest payable ​ 23 ​ 23 ​ 23 ​ — ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2021 ​ ​ ​ ​ ​ Financial assets: ​ ​ ​ ​ ​ Cash and due from banks ​ $ 11,660,839 ​ $ 11,660,839 ​ $ 11,660,839 ​ $ — ​ $ — Interest-bearing time deposits ​ 4,890,000 ​ 4,890,000 ​ 4,890,000 ​ — ​ — Loans, net ​ 74,384,207 ​ 74,574,181 ​ — ​ — ​ 74,574,181 FHLB Stock ​ 1,012,900 ​ 1,012,900 ​ — ​ 1,012,900 ​ — Bank owned life insurance ​ 5,003,803 ​ 5,003,803 ​ 5,003,803 ​ — ​ — Accrued interest receivable ​ 193,018 ​ 193,018 ​ 193,018 ​ — ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial liabilities: ​ ​ ​ ​ ​ Deposits ​ 100,922,890 ​ 101,367,630 ​ 62,421,630 ​ — ​ 38,946,000 Accrued interest payable ​ 7 ​ 7 ​ 7 ​ — ​ —

Commitments (Tables)

Commitments (Tables)	9 Months Ended
	Mar. 31, 2022
Commitments
Schedule of commitments outstanding	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, June 30, ​ 2022 2021 ​ ​ (Unaudited) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commitments to originate loans ​ $ 1,046,000 ​ $ 626,000 Undisbursed balance of loans closed ​ 6,978,000 ​ 4,247,000 ​ ​ ​ ​ ​ ​ ​ Total ​ $ 8,024,000 ​ $ 4,873,000

Nature of Operations and Summ_3

Nature of Operations and Summary of Significant Accounting Policies (Details) - USD ($)		1 Months Ended
	Mar. 03, 2022	Mar. 31, 2022	Jun. 30, 2021	Jul. 01, 2020
Shares Issued Price Per Share	$ 10
Percentage of offering under ESOP	8%
Deferred conversion cost		$ 452,000	$ 0
Retained earnings		$ 25,422,870	$ 25,471,008
ASU 2017-08 | Adjustment
Retained earnings				$ 64,489

Debt Securities - Amortized cos

Debt Securities - Amortized cost and fair value with unrealized gains(losses) (Details) - USD ($)	9 Months Ended	12 Months Ended
	Mar. 31, 2022	Jun. 30, 2021
Debt Securities, Available-for-Sale [Line Items]
Amortized Cost	$ 26,822,971	$ 28,621,397
Gross Unrealized Gains	23,122	166,351
Gross Unrealized Losses	1,639,297	261,328
Fair Value	25,206,796	28,526,420
U.S. Government agencies
Debt Securities, Available-for-Sale [Line Items]
Amortized Cost	6,000,000	9,999,088
Gross Unrealized Gains		280
Gross Unrealized Losses	181,950	92,068
Fair Value	5,818,050	9,907,300
Mortgage-backed GSEs
Debt Securities, Available-for-Sale [Line Items]
Amortized Cost	16,694,394	15,085,673
Gross Unrealized Gains	23,122	142,693
Gross Unrealized Losses	994,429	131,065
Fair Value	15,723,087	15,097,301
State and political subdivisions
Debt Securities, Available-for-Sale [Line Items]
Amortized Cost	4,128,577	3,536,636
Gross Unrealized Gains		23,378
Gross Unrealized Losses	462,918	38,195
Fair Value	$ 3,665,659	$ 3,521,819

Debt Securities - Maturities (D

Debt Securities - Maturities (Details) - USD ($)	Mar. 31, 2022	Jun. 30, 2021
Debt Securities, Available-for-Sale, Amortized Cost, Fiscal Year Maturity [Abstract]
One to five years	$ 6,000,000
Five to ten years	951,639
After ten years	3,176,938
Total maturities	10,128,577
Without single maturity	16,694,394
Amortized Cost	26,822,971	$ 28,621,397
Debt Securities, Available-for-Sale, Fair Value, Fiscal Year Maturity [Abstract]
One to five years	5,818,050
Five to ten years	887,762
After ten years	2,777,897
Total maturities	9,483,709
Without single maturity	15,723,087
Fair Value	$ 25,206,796	$ 28,526,420

Debt Securities - Continuous un

Debt Securities - Continuous unrealized loss position (Details) - USD ($)	Mar. 31, 2022	Jun. 30, 2021
Fair Value
Less than 12 Months	$ 6,780,256	$ 20,369,224
12 Months or More	16,170,286	89,672
Total	22,950,542	20,458,896
Unrealized Losses
Less than 12 Months	710,405	260,966
12 Months or More	928,892	362
Total	1,639,297	261,328
U.S. Government agencies
Fair Value
Less than 12 Months		8,907,020
12 Months or More	5,818,050
Total	5,818,050	8,907,020
Unrealized Losses
Less than 12 Months		92,068
12 Months or More	181,950
Total	181,950	92,068
Mortgage-backed GSEs
Fair Value
Less than 12 Months	5,526,860	9,571,406
12 Months or More	7,939,973	89,672
Total	13,466,833	9,661,078
Unrealized Losses
Less than 12 Months	550,710	130,703
12 Months or More	443,719	362
Total	994,429	131,065
State and political subdivisions
Fair Value
Less than 12 Months	1,253,396	1,890,798
12 Months or More	2,412,263
Total	3,665,659	1,890,798
Unrealized Losses
Less than 12 Months	159,695	38,195
12 Months or More	303,223
Total	$ 462,918	$ 38,195

Debt Securities - Additional in

Debt Securities - Additional information (Details) - USD ($)	9 Months Ended	12 Months Ended
	Mar. 31, 2022	Jun. 30, 2021
Carrying value of securities pledged as collateral to secure public deposits	$ 25,206,796	$ 28,526,420
Proceeds from sales of securities	9,708,000
Gross realized losses	291,000
Amount of investments in debt securities reported less than historical cost, Fair value	$ 22,951,000	$ 20,459,000
Investments in debt securities reported less than historical cost, Percentage	91%	72%
Asset Pledged as Collateral without Right [Member]
Carrying value of securities pledged as collateral to secure public deposits	$ 4,916,000	$ 2,022,000
Debt Securities, Available-for-Sale, Pledging Purpose	Carrying value of securities pledged as collateral to secure public deposits	Carrying value of securities pledged as collateral to secure public deposits

Loans and Allowance for Loan _3

Loans and Allowance for Loan Losses - Categories of loans (Details) - USD ($)	Mar. 31, 2022	Dec. 31, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020	Jun. 30, 2020
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	$ 83,721,723		$ 77,079,026
Less:
Undisbursed loans in process	4,826,705		2,479,669
Net deferred loan costs, premiums and discounts	7,915		(7,734)
Allowance for loan losses	222,884	$ 222,884	222,884	$ 222,884	$ 222,884	$ 222,884
Net loans	78,664,219		74,384,207
Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans			6,547,889
Less:
Allowance for loan losses	30,179	29,022	27,506	30,161	30,666	18,469
Residential real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	64,485,705		61,355,004
Less:
Allowance for loan losses	171,975	168,038	176,498	170,259	169,960	187,308
Multifamily real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	726,341
Agricultural real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	3,474,292		2,976,060
Less:
Allowance for loan losses	13,594	12,866	8,334	11,916	12,524	8,830
Construction and land
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	3,783,052		4,877,306
Less:
Allowance for loan losses	4,095	9,999	7,723	7,877	7,236	7,828
Commercial and industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	382,217		341,973
Less:
Allowance for loan losses	1,496	1,268	1,437	1,494	1,241	114
Home equity line of credit (HELOC)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	250,490		205,888
Less:
Allowance for loan losses	653	983	577	645	641	80
Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	706,339		774,906
Less:
Allowance for loan losses	$ 892	$ 708	$ 809	$ 532	$ 616	$ 255

Loans and Allowance for Loan _4

Loans and Allowance for Loan Losses - Allowance for loan losses (Details) - USD ($)	3 Months Ended		9 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2022	Mar. 31, 2021
Allowance for loan losses:
Beginning balance	$ 222,884	$ 222,884	$ 222,884	$ 222,884
Ending balance	222,884	222,884	222,884	222,884
Commercial real estate
Allowance for loan losses:
Beginning balance	29,022	30,666	27,506	18,469
Provision (credit) for loan losses	1,157	(505)	2,673	11,692
Ending balance	30,179	30,161	30,179	30,161
Residential real estate
Allowance for loan losses:
Beginning balance	168,038	169,960	176,498	187,308
Provision (credit) for loan losses	3,937	299	(4,523)	(17,049)
Ending balance	171,975	170,259	171,975	170,259
Agricultural real estate
Allowance for loan losses:
Beginning balance	12,866	12,524	8,334	8,830
Provision (credit) for loan losses	728	(608)	5,260	3,086
Ending balance	13,594	11,916	13,594	11,916
Construction and land
Allowance for loan losses:
Beginning balance	9,999	7,236	7,723	7,828
Provision (credit) for loan losses	(5,904)	641	(3,628)	49
Ending balance	4,095	7,877	4,095	7,877
Commercial and industrial
Allowance for loan losses:
Beginning balance	1,268	1,241	1,437	114
Provision (credit) for loan losses	228	253	59	1,380
Ending balance	1,496	1,494	1,496	1,494
Home equity line of credit (HELOC)
Allowance for loan losses:
Beginning balance	983	641	577	80
Provision (credit) for loan losses	(330)	4	76	565
Ending balance	653	645	653	645
Consumer
Allowance for loan losses:
Beginning balance	708	616	809	255
Provision (credit) for loan losses	184	(84)	83	277
Ending balance	$ 892	$ 532	$ 892	$ 532

Loans and Allowance for Loan _5

Loans and Allowance for Loan Losses - Allowance for loan losses by impairment method (Details) - USD ($)	Mar. 31, 2022	Jun. 30, 2021
Allowance for loan losses:
Ending balance, individually evaluated for impairment	$ 3,392	$ 5,169
Ending balance, collectively evaluated for impairment	219,492	217,715
Loans:
Total loans	83,721,723	77,079,026
Ending balance; individually evaluated for impairment	231,156	176,746
Ending balance; collectively evaluated for impairment	83,490,567	76,902,280
Commercial real estate
Allowance for loan losses:
Ending balance, collectively evaluated for impairment	30,179	27,506
Loans:
Total loans		6,547,889
Ending balance; collectively evaluated for impairment	10,639,628	6,547,889
Residential real estate
Allowance for loan losses:
Ending balance, individually evaluated for impairment	3,392	5,169
Ending balance, collectively evaluated for impairment	168,583	171,329
Loans:
Total loans	64,485,705	61,355,004
Ending balance; individually evaluated for impairment	231,156	176,746
Ending balance; collectively evaluated for impairment	64,254,549	61,178,258
Agricultural real estate
Allowance for loan losses:
Ending balance, collectively evaluated for impairment	13,594	8,334
Loans:
Total loans	3,474,292	2,976,060
Ending balance; collectively evaluated for impairment	3,474,292	2,976,060
Construction and land
Allowance for loan losses:
Ending balance, collectively evaluated for impairment	4,095	7,723
Loans:
Total loans	3,783,052	4,877,306
Ending balance; collectively evaluated for impairment	3,783,052	4,877,306
Commercial and industrial
Allowance for loan losses:
Ending balance, collectively evaluated for impairment	1,496	1,437
Loans:
Total loans	382,217	341,973
Ending balance; collectively evaluated for impairment	382,217	341,973
Home equity line of credit (HELOC)
Allowance for loan losses:
Ending balance, collectively evaluated for impairment	653	577
Loans:
Total loans	250,490	205,888
Ending balance; collectively evaluated for impairment	250,490	205,888
Consumer
Allowance for loan losses:
Ending balance, collectively evaluated for impairment	892	809
Loans:
Total loans	706,339	774,906
Ending balance; collectively evaluated for impairment	$ 706,339	$ 774,906

Loans and Allowance for Loan _6

Loans and Allowance for Loan Losses - Credit risk profile of Bank's loan portfolio (Details) - USD ($)	Mar. 31, 2022	Jun. 30, 2021
Financing Receivable, Credit Quality Indicator [Line Items]
Total	$ 83,721,723	$ 77,079,026
Performing
Financing Receivable, Credit Quality Indicator [Line Items]
Total	83,490,567	76,896,153
Nonperforming
Financing Receivable, Credit Quality Indicator [Line Items]
Total	231,156	182,873
Commercial real estate
Financing Receivable, Credit Quality Indicator [Line Items]
Total		6,547,889
Commercial real estate | Performing
Financing Receivable, Credit Quality Indicator [Line Items]
Total	10,639,628	6,547,889
Residential real estate
Financing Receivable, Credit Quality Indicator [Line Items]
Total	64,485,705	61,355,004
Residential real estate | Performing
Financing Receivable, Credit Quality Indicator [Line Items]
Total	64,254,549	61,172,131
Residential real estate | Nonperforming
Financing Receivable, Credit Quality Indicator [Line Items]
Total	231,156	182,873
Agricultural real estate
Financing Receivable, Credit Quality Indicator [Line Items]
Total	3,474,292	2,976,060
Agricultural real estate | Performing
Financing Receivable, Credit Quality Indicator [Line Items]
Total	3,474,292	2,976,060
Construction and land
Financing Receivable, Credit Quality Indicator [Line Items]
Total	3,783,052	4,877,306
Construction and land | Performing
Financing Receivable, Credit Quality Indicator [Line Items]
Total	3,783,052	4,877,306
Commercial and industrial
Financing Receivable, Credit Quality Indicator [Line Items]
Total	382,217	341,973
Commercial and industrial | Performing
Financing Receivable, Credit Quality Indicator [Line Items]
Total	382,217	341,973
Home equity line of credit (HELOC)
Financing Receivable, Credit Quality Indicator [Line Items]
Total	250,490	205,888
Home equity line of credit (HELOC) | Performing
Financing Receivable, Credit Quality Indicator [Line Items]
Total	250,490	205,888
Consumer
Financing Receivable, Credit Quality Indicator [Line Items]
Total	706,339	774,906
Consumer | Performing
Financing Receivable, Credit Quality Indicator [Line Items]
Total	$ 706,339	$ 774,906

Loans and Allowance for Loan _7

Loans and Allowance for Loan Losses - Bank loan portfolio aging analysis (Details) - USD ($)	Mar. 31, 2022	Jun. 30, 2021
Financing Receivable, Past Due [Line Items]
Total	$ 83,721,723	$ 77,079,026
Total Loans > 90 Days & Accruing		97,490
Total Past Due
Financing Receivable, Past Due [Line Items]
Total	1,215,054	276,309
30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total	1,098,180
60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total	44,539	99,563
Greater Than 90 Days Past Due
Financing Receivable, Past Due [Line Items]
Total	72,335	176,746
Current
Financing Receivable, Past Due [Line Items]
Total	82,506,669	76,802,717
Commercial real estate
Financing Receivable, Past Due [Line Items]
Total		6,547,889
Commercial real estate | Current
Financing Receivable, Past Due [Line Items]
Total	10,639,628	6,547,889
Residential real estate
Financing Receivable, Past Due [Line Items]
Total	64,485,705	61,355,004
Total Loans > 90 Days & Accruing		97,490
Residential real estate | Total Past Due
Financing Receivable, Past Due [Line Items]
Total	1,215,054	276,309
Residential real estate | 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total	1,098,180
Residential real estate | 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total	44,539	99,563
Residential real estate | Greater Than 90 Days Past Due
Financing Receivable, Past Due [Line Items]
Total	72,335	176,746
Residential real estate | Current
Financing Receivable, Past Due [Line Items]
Total	63,270,651	61,078,695
Agricultural real estate
Financing Receivable, Past Due [Line Items]
Total	3,474,292	2,976,060
Agricultural real estate | Current
Financing Receivable, Past Due [Line Items]
Total	3,474,292	2,976,060
Construction and land
Financing Receivable, Past Due [Line Items]
Total	3,783,052	4,877,306
Construction and land | Current
Financing Receivable, Past Due [Line Items]
Total	3,783,052	4,877,306
Commercial and industrial
Financing Receivable, Past Due [Line Items]
Total	382,217	341,973
Commercial and industrial | Current
Financing Receivable, Past Due [Line Items]
Total	382,217	341,973
Home equity line of credit (HELOC)
Financing Receivable, Past Due [Line Items]
Total	250,490	205,888
Home equity line of credit (HELOC) | Current
Financing Receivable, Past Due [Line Items]
Total	250,490	205,888
Consumer
Financing Receivable, Past Due [Line Items]
Total	706,339	774,906
Consumer | Current
Financing Receivable, Past Due [Line Items]
Total	$ 706,339	$ 774,906

Loans and Allowance for Loan _8

Loans and Allowance for Loan Losses - Information on impaired loans (Details) - USD ($)	3 Months Ended	9 Months Ended	12 Months Ended
	Mar. 31, 2022	Mar. 31, 2022	Jun. 30, 2021
Recorded Balance
Loans without a specific valuation allowance:	$ 167,439	$ 167,439
Total recorded balance	231,156	231,156	$ 176,746
Unpaid Principal Balance
Loans without a specific valuation allowance:	167,439	167,439
Total unpaid principal balance	231,156	231,156	176,746
Specific Allowance	3,392	3,392	5,169
Average Balance of Impaired Loans
Loans without a specific valuation allowance:	158,807	170,932
Total average balance of impaired loans	222,847	235,563	178,780
Interest Income Recognized
Loans without a specific valuation allowance:	1,340	3,942
Total interest income recognized	2,266	7,057	9,298
Residential real estate
Recorded Balance
Loans without a specific valuation allowance:			111,252
Loans with a specific valuation allowance:	63,717	63,717	65,494
Unpaid Principal Balance
Loans without a specific valuation allowance:			111,252
Loans with a specific valuation allowance:	63,717	63,717	65,494
Specific Allowance	3,392	3,392	5,169
Average Balance of Impaired Loans
Loans without a specific valuation allowance:			112,957
Loans with a specific valuation allowance:	64,040	64,631	65,823
Interest Income Recognized
Loans without a specific valuation allowance:			5,807
Loans with a specific valuation allowance:	$ 926	$ 3,115	$ 3,491

Loans and Allowance for Loan _9

Loans and Allowance for Loan Losses - Nonaccrual loans (Details) - USD ($)	Mar. 31, 2022	Jun. 30, 2021
Financing Receivable, Nonaccrual [Line Items]
Total nonaccrual	$ 231,156	$ 85,384
Residential real estate
Financing Receivable, Nonaccrual [Line Items]
Total nonaccrual	$ 231,156	$ 85,384

Loans and Allowance for Loan_10

Loans and Allowance for Loan Losses - Additional Information (Details) - loan	9 Months Ended		12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Jun. 30, 2021
Loans and Allowance for Loan Losses
Number of loans modified in troubled debt restructuring	0	0	0
Number of troubled debt restructurings modified in past 12 months that subsequently defaulted	0		0

Regulatory Matters (Details)

Regulatory Matters (Details)	9 Months Ended
	Mar. 31, 2022	Jun. 30, 2021
Regulatory Matters
Tier 1 Leverage capital ratio	100
Grace period	6 months
Tier 1 Leverage capital ratio, well capitalized, minimum	17.81	19.49

Disclosures about Fair Value _3

Disclosures about Fair Value of Assets and Liabilities - Fair value of assets measured on recurring basis (Details) - USD ($)	Mar. 31, 2022	Jun. 30, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liabilities, Fair value	$ 0
Level 2 | U.S. Government agencies
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair value	5,818,050	$ 9,907,300
Level 2 | Mortgage-backed GSEs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair value	15,725,233	15,097,301
Level 2 | State and political subdivisions
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair value	3,665,659	3,521,819
Fair Value, Recurring | U.S. Government agencies
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair value	5,818,050	9,907,300
Fair Value, Recurring | Mortgage-backed GSEs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair value	15,725,233	15,097,301
Fair Value, Recurring | State and political subdivisions
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair value	$ 3,665,659	$ 3,521,819

Disclosures about Fair Value _4

Disclosures about Fair Value of Assets and Liabilities - estimated fair values of the Bank's financial instruments (Details) - USD ($)	Mar. 31, 2022	Jun. 30, 2021
Financial liabilities:
Liabilities, Fair value	$ 0
Carrying value
Financial assets:
Cash and due from banks	22,107,184	$ 11,660,839
Interest-bearing time deposits	2,440,000	4,890,000
Loans, net	78,664,219	74,384,207
FHLB Stock	1,012,900	1,012,900
Bank owned life insurance	5,085,168	5,003,803
Accrued interest receivable	232,312	193,018
Financial liabilities:
Deposits	112,174,321	100,922,890
Accrued interest payable	23	7
Fair value
Financial assets:
Cash and due from banks	22,107,184	11,660,839
Interest-bearing time deposits	2,440,000	4,890,000
Loans, net	77,409,496	74,574,181
FHLB Stock	1,012,900	1,012,900
Bank owned life insurance	5,085,168	5,003,803
Accrued interest receivable	232,312	193,018
Financial liabilities:
Deposits	111,988,313	101,367,630
Accrued interest payable	23	7
Level 1
Financial assets:
Cash and due from banks	22,107,184	11,660,839
Interest-bearing time deposits	2,440,000	4,890,000
Bank owned life insurance	5,085,168	5,003,803
Accrued interest receivable	232,312	193,018
Financial liabilities:
Deposits	76,179,313	62,421,630
Accrued interest payable	23	7
Level 2
Financial assets:
FHLB Stock	1,012,900	1,012,900
Level 3
Financial assets:
Loans, net	77,409,496	74,574,181
Financial liabilities:
Deposits	$ 35,809,000	$ 38,946,000

Commitments - Commitments outst

Commitments - Commitments outstanding (Details) - USD ($)	Mar. 31, 2022	Jun. 30, 2021
Loss Contingencies [Line Items]
Total commitments outstanding	$ 8,024,000	$ 4,873,000
Commitments to originate loans
Loss Contingencies [Line Items]
Total commitments outstanding	1,046,000	626,000
Undisbursed balance of loans closed
Loss Contingencies [Line Items]
Total commitments outstanding	$ 6,978,000	$ 4,247,000