VWF Bancorp (VWFB) 10-Q 14 Nov 22 2023 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Sep. 30, 2022	Nov. 14, 2022
Document and Entity Information [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Sep. 30, 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		1,922,924
Entity Central Index Key	0001913838
Current Fiscal Year End Date	--06-30
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q1
Amendment Flag	false

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Sep. 30, 2022	Jun. 30, 2022
Assets
Cash and due from banks	$ 17,444,335	$ 36,711,842
Interest-bearing time deposits	980,000	1,470,000
Available-for-sale debt securities	40,062,571	24,494,410
Loans, net of allowance for loan losses of $222,884 at September 30, 2022 and June 30, 2022	79,098,148	77,710,188
Premises and equipment	1,356,447	1,371,634
Federal Home Loan Bank stock	668,700	1,012,900
Bank owned life insurance	5,139,509	5,112,083
Accrued interest receivable	320,777	219,195
Other assets	764,645	1,460,297
Total assets	145,835,132	149,562,549
Deposits
Demand	26,692,348	26,037,580
Savings and money market	45,661,653	48,735,574
Time	33,606,027	35,217,055
Total deposits	105,960,028	109,990,209
Advances from borrowers for taxes and insurance	473,913	615,735
Stock subscription proceeds in escrow		15,315,230
Accrued interest payable and other liabilities	417,432	274,269
Total liabilities	106,851,373	126,195,443
Commitments and Contingencies
Shareholders' Equity
Preferred stock, $0.01 par value, 1,000,000 shares authorized, none issued
Common stock, $0.01 par value, 14,000,000 shares authorized, 1,922,924 issued at September 30, 2022	19,229
Additional paid-in capital	17,845,597
Unearned ESOP	(1,538,339)
Retained earnings	25,616,642	25,461,865
Accumulated other comprehensive loss	(2,959,370)	(2,094,759)
Total shareholders' equity	38,983,759	23,367,106
Total liabilities and shareholders' equity	$ 145,835,132	$ 149,562,549

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($)	Sep. 30, 2022	Jun. 30, 2022
Consolidated Balance Sheets
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	1,000,000	1,000,000
Preferred stock, shares issued (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	14,000,000	14,000,000
Common stock, shares issued (in shares)	1,922,924
Allowance for loan losses	$ 222,884	$ 222,884

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($)	3 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Interest Income
Loans	$ 687,077	$ 680,752
Investment securities	194,217	78,086
Interest-bearing deposits and other	139,877	28,699
Total interest income	1,021,171	787,537
Interest Expense
Deposits	71,213	94,527
Total interest expense	71,213	94,527
Net Interest Income	949,958	693,010
Net Interest Income After Provision for Loan Losses	949,958	693,010
Noninterest Income
Bank owned life insurance	27,426	27,366
Other income	26,750	26,921
Total noninterest income	54,176	54,287
Noninterest Expense
Salaries and employee benefits	385,518	356,336
Directors fees	35,000	52,000
Occupancy and equipment	50,582	47,872
Data processing fees	62,332	56,798
Franchise taxes	38,825	34,853
FDIC insurance premiums	9,900	8,200
Professional services	155,696	38,898
Other	85,034	80,981
Total noninterest expense	822,887	675,938
Income before income taxes	181,247	71,359
Provision for income taxes	26,470	7,419
Net Income	$ 154,777	$ 63,940
Earnings per share-basic	$ 0.10
Earnings per share-diluted	$ 0.10
Weighted-average shares outstanding-basic	1,519,110
Weighted-average shares outstanding-diluted	1,519,110

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Loss) - USD ($)	3 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Consolidated Statements of Comprehensive Income (Loss)
Net income	$ 154,777	$ 63,940
Other comprehensive loss:
Net unrealized losses on available-for-sale securities	(1,094,445)	(48,737)
Tax benefit	229,834	10,235
Other comprehensive loss	(864,611)	(38,502)
Comprehensive income (loss)	$ (709,834)	$ 25,438

Consolidated Statements of Chan

Consolidated Statements of Changes in Equity - USD ($)	Common Stock	Additional Paid-in Capital	Employee Stock Ownership Plan	Retained Earnings	AOCI Attributable to Parent	Total
Beginning balance at Jun. 30, 2021				$ 25,471,008	$ (75,032)	$ 25,395,976
Net income				63,940		63,940
Other comprehensive loss					(38,502)	(38,502)
Ending balance at Sep. 30, 2021				25,534,948	(113,534)	25,421,414
Beginning balance at Jun. 30, 2022				25,461,865	(2,094,759)	23,367,106
Proceeds from issuance of shares	$ 19,229	$ 17,845,597	$ (1,538,339)			16,326,487
Net income				154,777		154,777
Other comprehensive loss					(864,611)	(864,611)
Ending balance at Sep. 30, 2022	$ 19,229	$ 17,845,597	$ (1,538,339)	$ 25,616,642	$ (2,959,370)	$ 38,983,759

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	3 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Operating Activities
Net income	$ 154,777	$ 63,940
Items not requiring (providing) cash:
Depreciation and amortization	15,187	16,439
Amortization of premiums and discounts	18,844	28,454
Deferred income taxes	11,643	(3,868)
Increase in cash surrender value of bank-owned life insurance	(27,426)	(27,366)
Changes in:
Accrued interest receivable	(101,582)	(47,136)
Other assets and liabilities	1,057,006	101,765
Net cash provided by operating activities	1,128,449	132,228
Investing Activities
Net change in interest-bearing time deposits	490,000	735,000
Purchases of available-for-sale securities	(17,251,471)	(2,602,262)
Proceeds from calls, maturities and paydowns of available-for-sale securities	570,021	1,848,978
Net change in loans	(1,387,960)	(1,629,779)
Purchase of premises and equipment		(9,965)
Proceeds from redemption of FHLB stock	344,200
Net cash used in investing activities	(17,235,210)	(1,658,028)
Financing Activities
Net increase (decrease) in deposit accounts	(4,030,181)	538,003
Net change in advances by borrowers for taxes and insurance	(141,822)	(134,743)
Proceeds from issuance of common stock	1,011,257
Net cash provided by (used in) financing activities	(3,160,746)	403,260
Decrease in Cash and Cash Equivalents	(19,267,507)	(1,122,540)
Cash and Cash Equivalents, Beginning of Period	36,711,842	11,660,839
Cash and Cash Equivalents, End of Period	17,444,335	10,538,299
Cash paid during the period for:
Interest on deposits and borrowings	71,888	$ 94,565
Supplemental Disclosure of Noncash Financing Activities
Transfers from stock subscriptions to common stock and additional paid-in capital	$ 15,315,230

Nature of Operations and Summar

Nature of Operations and Summary of Significant Accounting Policies	3 Months Ended
	Sep. 30, 2022
Nature of Operations and Summary of Significant Accounting Policies
Nature of Operations and Summary of Significant Accounting Policies	Note 1: Nature of Operations VWF Bancorp, Inc. (the “Company”), a Maryland corporation and registered savings and loan holding company, was incorporated on February 25, 2022, to serve as the savings and loan holding company for Van Wert Federal Savings Bank (“Van Wert Federal” or the “Bank”) in connection with the Bank’s conversion from the mutual form of organization to the stock form of organization (the “Conversion”). The Conversion was completed on July 13, 2022. The Company’s shares began trading on OTCQB under the symbol VWFB on July 14, 2022. In connection with the Conversion, the Company acquired Following the Conversion, voting rights in the Company are held and exercised exclusively by the shareholders of the Company. Deposit account holders continue to be insured by the FDIC. The Bank may not pay a dividend on its capital stock if the effect thereof would cause retained earnings to be reduced below regulatory capital requirements. In addition, the Company is subject to certain regulations related to the payment of dividends and the repurchase of its capital stock. The Conversion was accounted for as a change in corporate form with the historic basis of the Bank’s assets, liabilities and equity unchanged as a result. The 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. Interim Financial Statements The interim unaudited consolidated financial statements as of September 30, 2022, and for the three months ended September 30, 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 consolidated financial statements. These unaudited consolidated 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 months ended September 30, 2022, are not necessarily indicative of the results to be achieved for the remainder of the year ending June 30, 2023, or any other period. The accompanying consolidated financial statements have been derived from and should be read in conjunction with the audited financial statements as of and for the years ended June 30, 2022 and 2021 contained in the Company’s Form 10-K for the fiscal year ended June 30, 2022, filed with the Securities and Exchange Commission on September 28, 2022. Principles of Consolidation The consolidated financial statements include the accounts of the Company and its wholly-owned subsidiary, Van Wert Federal. All significant intercompany transactions and balances have been eliminated in consolidation. 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. Loans Loans that management has the intent and ability to hold for the foreseeable future or until maturity or payoff are reported at their outstanding principal balances adjusted for unearned income, charge-offs, the allowance for loan losses and any unamortized deferred fees or costs on originated loans and unamortized premiums or discounts on purchased loans. For loans amortized at cost, interest income is accrued based on the unpaid principal balance. Loan origination fees, net of certain direct origination costs, as well as premiums and discounts, are deferred and amortized as a level yield adjustment over the respective term of the loan. For all loan portfolio segments except residential and consumer loans, the Bank promptly charges-off loans, or portions thereof, when available information confirms that specific loans are uncollectible based on information that includes, but is not limited to, (1) the deteriorating financial condition of the borrower, (2) declining collateral values, and/or (3) legal action, including bankruptcy, that impairs the borrower’s ability to adequately meet its obligations. For impaired loans that are considered to be solely collateral dependent, a partial charge-off is recorded when a loss has been confirmed by an updated appraisal or other appropriate valuation of the collateral. The Bank charges-off residential and consumer loans, or portions thereof, when the Bank reasonably determines the amount of the loss. The Bank adheres to delinquency thresholds established by applicable regulatory guidance to determine the charge-off timeframe for these loans. Loans at these delinquency thresholds for which the Bank can clearly document that the loan is both well-secured and in the process of collection, such that collection will occur regardless of delinquency status, need not be charged off. For all classes, all interest accrued but not collected for loans that are placed on nonaccrual or charged off is reversed against interest income. The interest on these loans is accounted for on the cash basis or cost recovery method, until qualifying for return to accrual. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured. Nonaccrual loans are returned to accrual status when, in the opinion of management, the financial position of the borrower indicates there is no longer any reasonable doubt as to the timely collection of interest or principal. The Bank requires a period of satisfactory performance of not less than six months before returning a nonaccrual loan to accrual status. When cash payments are received on impaired loans in each loan class, the Bank records the payment as interest income unless collection of the remaining recorded principal amount is doubtful, at which time payments are used to reduce the principal balance of the loan. Troubled debt restructured loans recognize interest income on an accrual basis at the renegotiated rate if the loan is in compliance with the modified terms, no principal reduction has been granted and the loan has demonstrated the ability to perform in accordance with the renegotiated terms for a period of at least six months. Allowance for Loan Losses The allowance for loan losses is established as losses are estimated to have occurred through a provision for loan losses charged to income. Loan losses are charged against the allowance when management believes the uncollectability of a loan balance is confirmed. Subsequent recoveries, if any, are credited to the allowance. The allowance for loan losses is evaluated on a regular basis by management and is based upon management’s periodic review of the collectability of the loans in light of historical experience, the nature and volume of the loan portfolio, adverse situations that may affect the borrower’s ability to repay, estimated value of any underlying collateral and prevailing economic conditions. This evaluation is inherently subjective as it requires estimates that are susceptible to significant revision as more information becomes available. The allowance consists of allocated and general components. The allocated component relates to loans that are classified as impaired. For those loans that are classified as impaired, an allowance is established when the discounted cash flows (or collateral value or observable market price) of the impaired loan is lower than the carrying value of that loan. The general component covers nonimpaired loans and is based on historical charge-off experience by segment. The historical loss experience is determined by portfolio segment and is based on the actual loss history experienced by the Bank over the prior three years. Management believes the three-year historical loss experience methodology is appropriate in the current economic environment. Other adjustments (qualitative/environmental considerations) for each segment may be added to the allowance for each loan segment after an assessment of internal or external influences on credit quality that are not fully reflected in the historical loss or risk rating data. 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. Factors considered by management in determining impairment include payment status, collateral value and the probability of collecting scheduled principal and interest payments when due, based on the loan’s current payment status and the borrower’s financial condition, including available sources of cash flows. Loans that experience insignificant payment delays and payment shortfalls generally are not classified as impaired. Management determines the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower’s prior payment record and the amount of the shortfall in relation to the principal and interest owed. Impairment is measured on a loan-by-loan basis for non-homogenous type loans such as commercial, non-owner-occupied residential, multi-family, nonresidential and construction loans by either the present value of expected future cash flows discounted at the loan’s effective interest rate, the loan’s obtainable market price or the fair value of the collateral if the loan is collateral dependent. For impaired loans where the Bank utilizes the discounted cash flows to determine the level of impairment, the Bank includes the entire change in the present value of cash flows as bad debt expense. The fair values of collateral dependent impaired loans are based on independent appraisals of the collateral. In general, the Bank acquires an updated appraisal upon identification of impairment and annually thereafter for commercial, commercial real estate and multi-family loans. If the most recent appraisal is over a year old, and a new appraisal is not performed, due to lack of comparable values or other reasons, the existing appraisal is utilized and discounted based on the age of the appraisal, condition of the subject property and overall economic conditions. After determining the collateral value as described, the fair value is calculated based on the determined collateral value less selling expenses. The potential for outdated appraisal values is considered in our determination of the allowance for loan losses through our analysis of various trends and conditions including the local economy, trends in charge-offs and delinquencies, etc. and the related qualitative adjustments assigned by the Bank. Segments of loans with similar risk characteristics are collectively evaluated for impairment based on the segment’s historical loss experience adjusted for changes in trends, conditions and other relevant factors that affect repayment of the loans. Accordingly, the Bank does not separately identify individual consumer and residential loans for impairment measurements, unless such loans are the subject of a restructuring agreement due to financial difficulties of the borrower. In the course of working with borrowers, the Bank may choose to restructure the contractual terms of certain loans. In this scenario, the Bank attempts to work out an alternative payment schedule with the borrower in order to optimize collectability of the loan. Any loans that are modified are reviewed by the Bank to identify if a troubled debt restructuring (TDR) has occurred, which is when, for economic or legal reasons related to a borrower’s financial difficulties, the Bank grants a concession to the borrower that it would not otherwise consider. Terms may be modified to fit the ability of the borrower to repay in line with the borrower’s current financial status, and the restructuring of the loan may include the transfer of assets from the borrower to satisfy the debt, a modification of loan terms or a combination of the two. If such efforts by the Bank do not result in a satisfactory arrangement, the loan is referred to legal counsel, at which time foreclosure proceedings are initiated. At any time prior to a sale of the property at foreclosure, the Bank may terminate foreclosure proceedings if the borrower is able to work out a satisfactory payment plan. It is the Bank’s policy that any restructured loans on nonaccrual status prior to being restructured remain on nonaccrual status until six months of satisfactory borrower performance, at which time management would consider its return to accrual status. If a loan was accruing at the time of restructuring, the Bank reviews the loan to determine if it is appropriate to continue the accrual of interest on the restructured loan. With regard to determination of the amount of the allowance for credit losses, troubled debt restructured loans are considered to be impaired. As a result, the determination of the amount of impaired loans for each portfolio segment within troubled debt restructurings is the same as detailed previously. Revenue Recognition The Company accounts for revenues in accordance with 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 the Company’s in scope revenue from contracts with customers is recognized within other noninterest income. Deposit Services. Earnings Per Share Basic earnings per share (“EPS”) excludes dilution and is calculated by dividing net income by the weighted-average number of shares of common stock outstanding during the period. Diluted EPS is computed in a manner similar to that of basic EPS except that the weighted-average number of common shares outstanding is increased to include the number of incremental common shares that would have been outstanding if all potentially dilutive common stock equivalents were issued during the period. The Company had no potentially dilutive stock equivalents at September 30, 2022. Unallocated common shares held by the Company’s Employee Stock Ownership Plan (“ESOP”) are shown as a reduction in shareholders’ equity and are excluded from weighted-average common shares outstanding for both basic and diluted EPS calculations until they are committed to be released. The computation for the three months ended September 30, 2022 is as follows: ​ ​ ​ ​ ​ ​ ​ September 30, 2022 ​ ​ ​ (Unaudited) ​ Net income ​ $ 154,777 ​ ​ ​ ​ ​ ​ Shares outstanding for basic and diluted earnings per share: ​ ​ ​ ​ Weighted-average shares issued ​ ​ 1,651,206 ​ Less weighted-average unearned ESOP shares ​ ​ (132,096) ​ Weighted-average shares outstanding - basic and diluted ​ ​ 1,519,110 ​ ​ ​ ​ ​ ​ Basic and diluted earnings per share ​ $ 0.10 ​ ​

Future Change in Accounting Pri

Future Change in Accounting Principle	3 Months Ended
	Sep. 30, 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 Company’s accounting for financial instruments. The Company 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 Company for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years.

Debt Securities

Debt Securities	3 Months Ended
	Sep. 30, 2022
Debt Securities
Debt Securities	Note 3: Debt securities held by the Company 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: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. Government agencies ​ $ 6,000,000 ​ $ — ​ $ 519,290 ​ $ 5,480,710 Mortgage-backed Government ​ ​ ​ ​ Sponsored Enterprises (GSEs) ​ 27,750,531 ​ 5,420 ​ 2,237,816 ​ 25,518,135 Collateralized mortgage obligations ​ ​ 4,486,576 ​ ​ — ​ ​ 50,331 ​ ​ 4,436,245 Subordinated debt ​ ​ 1,000,000 ​ ​ — ​ ​ 50,070 ​ ​ 949,930 State and political subdivisions ​ 4,571,503 ​ — ​ 893,952 ​ 3,677,551 ​ ​ $ 43,808,610 ​ $ 5,420 ​ $ 3,751,459 ​ $ 40,062,571 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gross Gross ​ ​ ​ ​ Amortized ​ Unrealized ​ Unrealized ​ Approximate ​ ​ Cost ​ Gains ​ Losses ​ Fair Value Available-for-sale Securities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. Government agencies ​ $ 6,000,000 ​ $ — ​ $ 318,720 ​ $ 5,681,280 Mortgage-backed Government ​ ​ ​ ​ Sponsored Enterprises (GSEs) ​ 17,022,130 ​ 8,405 ​ 1,629,577 ​ 15,400,958 Collateralized mortgage obligations ​ ​ — ​ ​ — ​ ​ — ​ ​ — Subordinated debt ​ ​ — ​ ​ — ​ ​ — ​ ​ — State and political subdivisions ​ 4,123,874 ​ — ​ 711,702 ​ 3,412,172 ​ ​ $ 27,146,004 ​ $ 8,405 ​ $ 2,659,999 ​ $ 24,494,410 ​ The amortized cost and fair value of available-for-sale securities at September 30, 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 ​ 6,423,411 ​ 5,864,888 Five to ten years ​ 1,977,657 ​ 1,819,385 After ten years ​ 3,170,435 ​ 2,423,918 ​ ​ ​ 11,571,503 ​ ​ 10,108,191 Mortgage-backed GSE's and CMO's ​ 32,237,107 ​ 29,954,380 Totals ​ $ 43,808,610 ​ $ 40,062,571 ​ The carrying value of securities pledged as collateral, to secure public deposits and for other purposes, was $4,466,000 and at During the three months ended September 30, 2022 and 2021, the Company had no sales of available for sale securities 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 September 30, 2022 and June 30, 2022 was $38,575,000 and $22,517,000, which is approximately 96 percent and 92 percent, respectively, of the fair value of the Company’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 Company’s investments’ gross unrealized losses and fair value of the Company’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 September 30, 2022 and June 30, 2022: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 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 ​ $ 5,480,710 ​ $ 519,290 ​ $ — ​ $ — ​ $ 5,480,710 ​ $ 519,290 Mortgage-backed Government ​ ​ ​ ​ ​ ​ Sponsored Enterprises (GSEs) ​ 16,252,791 ​ 628,616 ​ 7,777,381 ​ 1,609,200 ​ 24,030,172 ​ 2,237,816 Collateralized mortgage obligations ​ ​ 4,436,245 ​ ​ 50,331 ​ ​ — ​ ​ — ​ ​ 4,436,245 ​ ​ 50,331 Subordinated debt ​ ​ 949,930 ​ ​ 50,070 ​ ​ — ​ ​ — ​ ​ 949,930 ​ ​ 50,070 State and political subdivisions ​ 1,955,827 ​ 390,356 ​ 1,721,724 ​ 503,596 ​ 3,677,551 ​ 893,952 Total temporarily impaired securities ​ $ 29,075,503 ​ $ 1,638,663 ​ $ 9,499,105 ​ $ 2,112,796 ​ $ 38,574,608 ​ $ 3,751,459 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2022 ​ ​ 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 ​ $ 5,681,280 ​ $ 318,720 ​ $ — ​ $ — ​ $ 5,681,280 ​ $ 318,720 Mortgage-backed Government ​ ​ ​ ​ ​ ​ Sponsored Enterprises (GSEs) ​ 8,327,314 ​ 802,556 ​ 5,095,794 ​ 827,021 ​ 13,423,108 ​ 1,629,577 Collateralized mortgage obligations ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Subordinated debt ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — State and political subdivisions ​ 1,856,557 ​ 347,775 ​ 1,555,615 ​ 363,927 ​ 3,412,172 ​ 711,702 Total temporarily impaired securities ​ $ 15,865,151 ​ $ 1,469,051 ​ $ 6,651,409 ​ $ 1,190,948 ​ $ 22,516,560 ​ $ 2,659,999 ​ U.S. Government Agencies, Subordinated Debt and State and Political Subdivisions Unrealized losses on these securities have not been recognized into income 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 Company 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 is attributable to changes in market interest rates, and not credit quality, and because the Company typically does not intend to sell the investments and it is not more likely than not the Company will be required to sell the investments before recovery of their amortized cost basis, which may be maturity, the Company does not consider those investments to be other-than-temporarily impaired at September 30, 2022. Mortgage-backed GSE’s and Collateralized Mortgage Obligations The unrealized losses on the Company’s investment in residential mortgage-backed securities were caused by changes in interest rates and illiquidity. The Company expects to recover the amortized cost basis over the term of the securities. Because the decline in market value is attributable to changes in market interest rates and illiquidity, and not credit quality, and because the Company does not intend to sell the investments and it is not more likely than not the Company will be required to sell the investments before recovery of their amortized cost basis, which may be maturity, the Company does not consider those investments to be other-than-temporarily impaired at September 30, 2022. ​

Loans and Allowance for Loan Lo

Loans and Allowance for Loan Losses	3 Months Ended
	Sep. 30, 2022
Loans and Allowance for Loan Losses
Loans and Allowance for Loan Losses	Note 4: Categories of loans at September 30, 2022 and June 30, 2022 include: ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, June 30, ​ ​ ​ 2022 ​ 2022 ​ ​ (Unaudited) ​ ​ Real estate loans: ​ ​ ​ ​ ​ ​ ​ Commercial ​ $ 4,972,791 ​ $ 5,136,407 ​ Residential ​ 66,123,917 ​ 65,638,154 ​ Multifamily ​ 711,402 ​ 718,911 ​ Agricultural ​ 4,015,564 ​ 3,450,672 ​ Construction and land ​ 5,517,796 ​ 6,006,613 ​ Home equity line of credit (HELOC) ​ 494,128 ​ 264,421 ​ Commercial and industrial ​ ​ 301,945 ​ ​ 339,094 ​ Consumer ​ 785,094 ​ 713,323 ​ Total loans ​ 82,922,637 ​ 82,267,595 ​ Less: ​ ​ ​ Undisbursed loans in process ​ 3,589,117 ​ 4,324,320 ​ Net deferred loan fees ​ 12,488 ​ 10,203 ​ Allowance for loan losses ​ 222,884 ​ 222,884 ​ Net loans ​ $ 79,098,148 ​ $ 77,710,188 ​ ​ The following tables present the activity in the allowance for loan losses based on portfolio segment for the three months ended September 30, 2022 and 2021. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance ​ Provision (credit) ​ ​ ​ ​ ​ Balance ​ ​ June 30, 2022 for loan losses Charge-offs Recoveries September 30, 2022 ​ ​ (Unaudited) Real estate loans: ​ ​ ​ ​ ​ Commercial ​ $ 20,643 ​ $ (949) ​ $ — ​ $ — ​ $ 19,694 Residential ​ 177,830 ​ (2,090) ​ — ​ — ​ 175,740 Multifamily ​ 1,926 ​ (47) ​ — ​ — ​ 1,879 Agricultural ​ 13,868 ​ 2,036 ​ — ​ — ​ 15,904 Construction and land ​ ​ 5,477 ​ ​ 610 ​ ​ — ​ ​ — ​ ​ 6,087 HELOC ​ ​ 1,306 ​ ​ (110) ​ ​ — ​ ​ — ​ ​ 1,196 Commercial and industrial ​ ​ 709 ​ ​ 595 ​ ​ — ​ ​ — ​ ​ 1,304 Consumer ​ ​ 1,125 ​ ​ (45) ​ ​ — ​ ​ — ​ ​ 1,080 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total ​ $ 222,884 ​ $ — ​ $ — ​ $ — ​ $ 222,884 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance ​ Provision (credit) ​ ​ ​ ​ ​ Balance ​ June 30, 2021 for loan losses Charge-offs Recoveries September 30, 2021 ​ ​ (Unaudited) Real estate loans: ​ ​ ​ ​ ​ Commercial ​ $ 27,506 ​ $ (1,341) ​ $ — ​ $ — ​ $ 26,165 Residential ​ 176,498 ​ (4,057) ​ — ​ — ​ 172,441 Multifamily ​ — ​ — ​ — ​ — ​ — Agricultural ​ ​ 8,334 ​ ​ 3,519 ​ ​ — ​ ​ — ​ ​ 11,853 Construction and land ​ ​ 7,723 ​ ​ 2,042 ​ ​ — ​ ​ — ​ ​ 9,765 HELOC ​ ​ 577 ​ ​ 676 ​ ​ — ​ ​ — ​ ​ 1,253 Commercial and industrial ​ ​ 1,437 ​ ​ (782) ​ ​ — ​ ​ — ​ ​ 655 Consumer ​ ​ 809 ​ ​ (57) ​ ​ — ​ ​ — ​ ​ 752 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total ​ $ 222,884 ​ $ — ​ $ — ​ $ — ​ $ 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 September 30, 2022 and June 30, 2022 : ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Allowance for loan losses ​ Loans ​ ​ ​ Ending balance, evaluated for impairment ​ Ending balance, evaluated for impairment ​ ​ Individually Collectively Individually Collectively ​ ​ (Unaudited) ​ September 30, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Real estate loans: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ $ — ​ $ 19,694 ​ $ — ​ $ 4,972,791 ​ Residential ​ ​ 2,070 ​ ​ 173,670 ​ ​ 278,188 ​ ​ 65,845,729 ​ Multifamily ​ ​ — ​ ​ 1,879 ​ ​ — ​ ​ 711,402 ​ Agricultural ​ ​ — ​ ​ 15,904 ​ ​ — ​ ​ 4,015,564 ​ Construction and land ​ ​ — ​ ​ 6,087 ​ ​ — ​ ​ 5,517,796 ​ HELOC ​ ​ — ​ ​ 1,196 ​ ​ — ​ ​ 494,128 ​ Commercial and industrial ​ ​ — ​ ​ 1,304 ​ ​ — ​ ​ 301,945 ​ Consumer ​ ​ — ​ ​ 1,080 ​ ​ — ​ ​ 785,094 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total ​ $ 2,070 ​ $ 220,814 ​ $ 278,188 ​ $ 82,644,450 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Allowance for loan losses ​ Loans ​ ​ ​ Ending balance, evaluated for impairment ​ Ending balance, evaluated for impairment ​ ​ Individually Collectively Individually Collectively June 30, 2022 ​ ​ ​ ​ ​ Real estate loans: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ $ — ​ $ 20,643 ​ $ — ​ $ 5,136,407 ​ Residential ​ ​ 2,734 ​ ​ 175,096 ​ ​ 359,263 ​ ​ 65,278,891 ​ Multifamily ​ ​ — ​ ​ 1,926 ​ ​ — ​ ​ 718,911 ​ Agricultural ​ ​ — ​ ​ 13,868 ​ ​ — ​ ​ 3,450,672 ​ Construction and land ​ ​ — ​ ​ 5477 ​ ​ — ​ ​ 6,006,613 ​ HELOC ​ ​ — ​ ​ 1,306 ​ ​ — ​ ​ 264,421 ​ Commercial and industrial ​ ​ — ​ ​ 709 ​ ​ — ​ ​ 339,094 ​ Consumer ​ ​ — ​ ​ 1,125 ​ ​ — ​ ​ 713,323 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total ​ $ 2,734 ​ $ 220,150 ​ $ 359,263 ​ $ 81,908,332 ​ ​ The Company has adopted a standard loan grading system for all loans. Loan grades are numbered 1 through 8. Grades 1 through 3 are considered satisfactory grades. The grade of 4, Monitor, represents loans requiring more than normal attention. The grade of 5, Special Mention, represents loans of lower quality and is considered criticized. The grades of 6, or Substandard, and 7, Doubtful, refer to loans that are classified. Pass (1-3) Monitor (4) Loans requiring more than normal attention resulting from underwriting weaknesses as to repayment terms, loan structure, financial and/or documentation exceptions. Special Mention (5) Loans which may include the characteristics of the Monitor classification, problems that need to be addresses by both the lender and the borrower. Substandard (6) Loans which may include the characteristics of the Special Mention classification, but also reflects financial and other problems that might result in some loss at a future date and/or reliance upon collateral for ultimate collection. Doubtful (7) Loss (8) 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 Company’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 Company’s market area. Multifamily These loans include loans on residential real estate secured by property with five or more units. The main risks are changes in the value of 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 Company’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 Company’s market area. 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 Company'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 Company’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. 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. Information regarding the credit quality indicators most closely monitored for other than residential real estate loans by class as of September 30, 2022 and June 30, 2022 follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Special ​ ​ ​ ​ ​ ​ ​ ​ Pass Monitor Mention Substandard Doubtful Total September 30, 2022 (Unaudited) ​ ​ ​ ​ ​ ​ Real estate loans: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ $ 4,807,602 ​ $ 165,189 ​ $ — ​ $ — ​ $ — ​ $ 4,972,791 Multifamily ​ ​ 711,402 ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 711,402 Agricultural ​ 3,777,063 ​ 238,501 ​ — ​ — ​ — ​ 4,015,564 Construction and land ​ 74,184 ​ 5,404,080 ​ — ​ 39,533 ​ — ​ 5,517,796 Commercial and industrial ​ 301,945 ​ — ​ — ​ — ​ — ​ 301,945 Consumer ​ ​ 785,094 ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 785,094 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total loans ​ $ 10,457,290 ​ $ 5,807,770 ​ $ — ​ $ 39,533 ​ $ — ​ $ 16,304,593 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2022 ​ ​ ​ ​ ​ ​ Real estate loans: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ $ 4,963,148 ​ $ 173,259 ​ $ — ​ $ — ​ $ — ​ $ 5,136,407 Multifamily ​ ​ 718,911 ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 718,911 Agricultural ​ 3,212,171 ​ 238,501 ​ — ​ — ​ — ​ 3,450,672 Construction and land ​ 79,160 ​ 5,887,572 ​ — ​ 39,881 ​ — ​ 6,006,613 Commercial and industrial ​ 304,607 ​ 34,487 ​ — ​ — ​ — ​ 339,094 Consumer ​ ​ 713,323 ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 713,323 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total loans ​ $ 9,991,320 ​ $ 6,333,819 ​ $ — ​ $ 39,881 ​ $ — ​ $ 16,365,020 The following tables present the credit risk profile of the Company’s residential real estate loan portfolio based on internal rating category and payment activity as of September 30, 2022 and June 30, 2022: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Performing Nonperforming Total September 30, 2022 ​ (Unaudited) Real estate loans: ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential ​ $ 65,900,320 ​ $ 223,597 ​ $ 66,123,917 HELOC ​ 494,128 ​ — ​ 494,128 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total ​ $ 66,394,448 ​ $ 223,597 ​ $ 66,618,045 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Performing Nonperforming Total June 30, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ Real estate loans: ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential ​ $ 65,412,572 ​ $ 225,582 ​ $ 65,638,154 HELOC ​ ​ 264,421 ​ ​ — ​ ​ 264,421 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total ​ $ 65,676,993 ​ $ 225,582 ​ $ 65,902,575 ​ The Company 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 Company’s loan portfolio aging analysis of the recorded investment in loans as of September 30, 2022 and June 30, 2022: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2022 ​ ​ ​ ​ ​ ​ ​ ​ 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 ​ ​ (Unaudited) Real estate loans: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 4,972,791 ​ $ 4,972,791 ​ $ — Residential ​ — ​ 76,674 ​ 98,361 ​ 175,035 ​ 65,948,882 ​ 66,123,917 ​ 54,591 Multifamily ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 711,402 ​ ​ 711,402 ​ ​ — Agricultural ​ — ​ — ​ — ​ — ​ 4,015,564 ​ 4,015,564 ​ — Construction and land ​ — ​ — ​ — ​ — ​ 5,517,796 ​ 5,517,796 ​ — HELOC ​ — ​ — ​ — ​ — ​ 494,128 ​ 494,128 ​ — Commercial and industrial ​ — ​ — ​ — ​ — ​ 301,945 ​ 301,945 ​ — Consumer ​ — ​ — ​ — ​ — ​ 785,094 ​ 785,094 ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total ​ $ — ​ $ 76,674 ​ $ 98,361 ​ $ 175,035 ​ $ 82,747,602 ​ $ 82,922,637 ​ $ 54,591 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2022 ​ ​ ​ ​ ​ ​ ​ ​ 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 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Real estate loans: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 5,136,407 ​ $ 5,136,407 ​ $ — Residential ​ — ​ 89,856 ​ 217,019 ​ 306,875 ​ 65,331,279 ​ 65,638,154 ​ 133,681 Multifamily ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 718,911 ​ ​ 718,911 ​ ​ — Agricultural ​ — ​ — ​ — ​ — ​ 3,450,672 ​ 3,450,672 ​ — Construction and land ​ — ​ — ​ — ​ — ​ 6,006,613 ​ 6,006,613 ​ — HELOC ​ — ​ — ​ — ​ — ​ 264,421 ​ 264,421 ​ — Commercial and industrial ​ — ​ — ​ — ​ — ​ 339,094 ​ 339,094 ​ — Consumer ​ — ​ — ​ — ​ — ​ 713,323 ​ 713,323 ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total ​ $ — ​ $ 89,856 ​ $ 217,019 ​ $ 306,875 ​ $ 81,960,720 ​ $ 82,267,595 ​ $ 133,681 ​ ​ A loan is considered impaired when, based on current information and events, it is probable that the Company 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 three months ended September 30, 2022 and for the year ended June 30, 2022 is as follows. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of September 30, 2022 ​ ​ ​ ​ ​ Unpaid ​ ​ ​ ​ Average Balance of ​ Interest ​ ​ Recorded ​ Principal ​ Specific ​ Impaired ​ Income ​ ​ Balance ​ Balance ​ Allowance ​ Loans ​ Recognized ​ ​ (Unaudited) Loans without a specific valuation allowance: ​ ​ ​ ​ ​ Real estate ​ ​ ​ ​ ​ Residential ​ $ 215,793 ​ $ 215,793 ​ $ — ​ $ 216,488 ​ $ 2,655 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans with a specific valuation allowance: ​ ​ ​ ​ ​ Real estate ​ ​ ​ ​ ​ Residential ​ 62,395 ​ 62,395 ​ 2,070 ​ 62,712 ​ 1,045 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Totals ​ $ 278,188 ​ $ 278,188 ​ $ 2,070 ​ $ 279,200 ​ $ 3,700 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of and for the year ended June 30, 2022 ​ ​ ​ ​ ​ Unpaid ​ ​ ​ ​ Average Balance of ​ Interest ​ ​ Recorded ​ Principal ​ Specific ​ Impaired ​ Income ​ Balance Balance Allowance Loans Recognized ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans without a specific valuation allowance: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Real estate ​ ​ ​ ​ ​ Residential ​ $ 296,204 ​ $ 296,204 ​ $ — ​ $ 301,041 ​ $ 6,005 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans with a specific valuation allowance: ​ ​ ​ ​ ​ Real estate ​ ​ ​ ​ ​ Residential ​ 63,059 ​ 63,059 ​ 2,734 ​ 64,319 ​ 4,028 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Totals ​ $ 359,263 ​ $ 359,263 ​ $ 2,734 ​ $ 365,360 ​ $ 10,033 ​ ​ Nonaccrual loans as of September 30, 2022 and June 30, 2022 are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, June 30, ​ ​ ​ 2022 ​ 2022 ​ ​ (Unaudited) ​ ​ ​ Residential real estate loans ​ $ 223,597 ​ $ 225,582 ​ ​ There were no significant loans modified in a troubled debt restructuring during the three months ended September 30, 2022 and 2021, or for the year ended June 30, 2022. There were no troubled debt restructurings modified in the past 12 months that subsequently defaulted for the three months ended September 30, 2022 or for the year ended June 30, 2022.

Regulatory Matters

Regulatory Matters	3 Months Ended
	Sep. 30, 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 consolidated 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 assets, liabilities and certain off-balance-sheet items as calculated under U.S. GAAP reporting requirements and regulatory capital standards. The 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	3 Months Ended
	Sep. 30, 2022
Disclosures about Fair Value of Assets and Liabilities
Disclosures about Fair Value of Assets and Liabilities	Note 6: Disclosures about Fair Value of Assets and Liabilities 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 September 30, 2022 and June 30, 2022: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2022 (Unaudited) ​ ​ ​ ​ U.S. Government agencies ​ $ 5,480,710 ​ $ — ​ $ 5,480,710 ​ $ — Mortgage-backed GSEs ​ 25,518,135 ​ — ​ 25,518,135 ​ — Collateralized mortgage obligations ​ ​ 4,436,245 ​ ​ — ​ ​ 4,436,245 ​ ​ — Subordinated debt ​ ​ 949,930 ​ ​ — ​ ​ 949,930 ​ ​ — State and political subdivisions ​ 3,677,551 ​ — ​ 3,677,551 ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2022 ​ ​ ​ ​ U.S. Government agencies ​ $ 5,681,280 ​ $ — ​ $ 5,681,280 ​ $ — Mortgage-backed GSEs ​ 15,400,958 ​ — ​ 15,400,958 ​ — State and political subdivisions ​ 3,412,172 ​ — ​ 3,412,172 ​ — ​ 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 three months ended September 30, 2022 and for the year ended June 30, 2022. 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 Company had no Level 3 securities. The Company had no assets or liabilities measured at fair value on a nonrecurring basis at September 30, 2022 and June 30, 2022. The estimated fair values of the Company’s financial instruments not carried at fair value on the consolidated balance sheets at September 30, 2022 and June 30, 2022 are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Carrying Fair Fair Value Measurements Using ​ Value Value (Level 1) (Level 2) (Level 3) September 30, 2022 (Unaudited) ​ ​ ​ ​ ​ Financial assets: ​ ​ ​ ​ ​ Cash and due from banks ​ $ 17,444,335 ​ $ 17,444,335 ​ $ 17,444,335 ​ $ — ​ $ — Interest-bearing time deposits ​ 980,000 ​ 980,000 ​ 980,000 ​ — ​ — Loans, net ​ 79,098,148 ​ 73,608,948 ​ — ​ — ​ 73,608,948 FHLB Stock ​ 668,700 ​ 668,700 ​ — ​ 668,700 ​ — Accrued interest receivable ​ 320,777 ​ 320,777 ​ 320,777 ​ — ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial liabilities: ​ ​ ​ ​ ​ ​ ​ ​ Deposits ​ 105,960,028 ​ 105,564,001 ​ 72,354,001 ​ — ​ 33,210,000 Accrued interest payable ​ 30 ​ 30 ​ 30 ​ — ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2022 ​ ​ ​ ​ ​ Financial assets: ​ ​ ​ ​ ​ Cash and due from banks ​ $ 36,711,842 ​ $ 36,711,842 ​ $ 36,711,842 ​ $ — ​ $ — Interest-bearing time deposits ​ 1,470,000 ​ 1,470,000 ​ 1,470,000 ​ — ​ — Loans, net ​ 77,710,188 ​ 73,828,181 ​ — ​ — ​ 73,828,181 FHLB Stock ​ 1,012,900 ​ 1,012,900 ​ — ​ 1,012,900 ​ — Accrued interest receivable ​ 219,195 ​ 219,195 ​ 219,195 ​ — ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ Deposits ​ 109,990,209 ​ 109,936,154 ​ 74,773,154 ​ — ​ 35,163,000 Accrued interest payable ​ 5 ​ 5 ​ 5 ​ — ​ — ​ Limitations:

Commitments

Commitments	3 Months Ended
	Sep. 30, 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 September 30, 2022 and June 30, 2022 were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, June 30, ​ ​ 2022 2022 ​ ​ ​ (Unaudited) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commitments to originate loans ​ $ 809,000 ​ $ 278,000 ​ Undisbursed balance of loans closed ​ 5,531,000 ​ 6,457,000 ​ ​ ​ ​ ​ ​ ​ ​ ​ Total ​ $ 6,340,000 ​ $ 6,735,000 ​ ​

ESOP

ESOP	3 Months Ended
	Sep. 30, 2022
ESOP
ESOP	Note 8: ESOP ​ In connection with the Conversion, the Company established an Employee Stock Ownership Plan (“ESOP”) for the exclusive benefit of eligible employees. ​ In connection with the Company's initial public stock offering, the ESOP borrowed $1.5 million payable to the Company for the purpose of purchasing shares of the Company's common stock. A total of 153,834 shares were purchased with the loan proceeds. Accordingly, common stock acquired by the ESOP is shown as a reduction of shareholders' equity. The loan is expected to be repaid over a period of up to 20 years. ​ There were no contributions to the ESOP during the three months ended September 30, 2022, as loan payments will be made annually at December 31st of each year. Compensation expense is recognized over the service period based on the average fair value of the shares and totaled for the three months ended September 30, 2022. There was ESOP compensation expense for the three months ended September 30, 2021. ​ The fair value of unallocated ESOP shares totaled $2.2 million at September 30, 2022.

Nature of Operations and Summ_2

Nature of Operations and Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Sep. 30, 2022
Nature of Operations and Summary of Significant Accounting Policies
Nature of Operations	Nature of Operations VWF Bancorp, Inc. (the “Company”), a Maryland corporation and registered savings and loan holding company, was incorporated on February 25, 2022, to serve as the savings and loan holding company for Van Wert Federal Savings Bank (“Van Wert Federal” or the “Bank”) in connection with the Bank’s conversion from the mutual form of organization to the stock form of organization (the “Conversion”). The Conversion was completed on July 13, 2022. The Company’s shares began trading on OTCQB under the symbol VWFB on July 14, 2022. In connection with the Conversion, the Company acquired Following the Conversion, voting rights in the Company are held and exercised exclusively by the shareholders of the Company. Deposit account holders continue to be insured by the FDIC. The Bank may not pay a dividend on its capital stock if the effect thereof would cause retained earnings to be reduced below regulatory capital requirements. In addition, the Company is subject to certain regulations related to the payment of dividends and the repurchase of its capital stock. The Conversion was accounted for as a change in corporate form with the historic basis of the Bank’s assets, liabilities and equity unchanged as a result. The 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.
Interim Financial Statements	Interim Financial Statements The interim unaudited consolidated financial statements as of September 30, 2022, and for the three months ended September 30, 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 consolidated financial statements. These unaudited consolidated 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 months ended September 30, 2022, are not necessarily indicative of the results to be achieved for the remainder of the year ending June 30, 2023, or any other period. The accompanying consolidated financial statements have been derived from and should be read in conjunction with the audited financial statements as of and for the years ended June 30, 2022 and 2021 contained in the Company’s Form 10-K for the fiscal year ended June 30, 2022, filed with the Securities and Exchange Commission on September 28, 2022.
Principles of Consolidation	Principles of Consolidation The consolidated financial statements include the accounts of the Company and its wholly-owned subsidiary, Van Wert Federal. All significant intercompany transactions and balances have been eliminated in consolidation.
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.
Loans	Loans Loans that management has the intent and ability to hold for the foreseeable future or until maturity or payoff are reported at their outstanding principal balances adjusted for unearned income, charge-offs, the allowance for loan losses and any unamortized deferred fees or costs on originated loans and unamortized premiums or discounts on purchased loans. For loans amortized at cost, interest income is accrued based on the unpaid principal balance. Loan origination fees, net of certain direct origination costs, as well as premiums and discounts, are deferred and amortized as a level yield adjustment over the respective term of the loan. For all loan portfolio segments except residential and consumer loans, the Bank promptly charges-off loans, or portions thereof, when available information confirms that specific loans are uncollectible based on information that includes, but is not limited to, (1) the deteriorating financial condition of the borrower, (2) declining collateral values, and/or (3) legal action, including bankruptcy, that impairs the borrower’s ability to adequately meet its obligations. For impaired loans that are considered to be solely collateral dependent, a partial charge-off is recorded when a loss has been confirmed by an updated appraisal or other appropriate valuation of the collateral. The Bank charges-off residential and consumer loans, or portions thereof, when the Bank reasonably determines the amount of the loss. The Bank adheres to delinquency thresholds established by applicable regulatory guidance to determine the charge-off timeframe for these loans. Loans at these delinquency thresholds for which the Bank can clearly document that the loan is both well-secured and in the process of collection, such that collection will occur regardless of delinquency status, need not be charged off. For all classes, all interest accrued but not collected for loans that are placed on nonaccrual or charged off is reversed against interest income. The interest on these loans is accounted for on the cash basis or cost recovery method, until qualifying for return to accrual. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured. Nonaccrual loans are returned to accrual status when, in the opinion of management, the financial position of the borrower indicates there is no longer any reasonable doubt as to the timely collection of interest or principal. The Bank requires a period of satisfactory performance of not less than six months before returning a nonaccrual loan to accrual status. When cash payments are received on impaired loans in each loan class, the Bank records the payment as interest income unless collection of the remaining recorded principal amount is doubtful, at which time payments are used to reduce the principal balance of the loan. Troubled debt restructured loans recognize interest income on an accrual basis at the renegotiated rate if the loan is in compliance with the modified terms, no principal reduction has been granted and the loan has demonstrated the ability to perform in accordance with the renegotiated terms for a period of at least six months.
Allowance for Loan Losses	Allowance for Loan Losses The allowance for loan losses is established as losses are estimated to have occurred through a provision for loan losses charged to income. Loan losses are charged against the allowance when management believes the uncollectability of a loan balance is confirmed. Subsequent recoveries, if any, are credited to the allowance. The allowance for loan losses is evaluated on a regular basis by management and is based upon management’s periodic review of the collectability of the loans in light of historical experience, the nature and volume of the loan portfolio, adverse situations that may affect the borrower’s ability to repay, estimated value of any underlying collateral and prevailing economic conditions. This evaluation is inherently subjective as it requires estimates that are susceptible to significant revision as more information becomes available. The allowance consists of allocated and general components. The allocated component relates to loans that are classified as impaired. For those loans that are classified as impaired, an allowance is established when the discounted cash flows (or collateral value or observable market price) of the impaired loan is lower than the carrying value of that loan. The general component covers nonimpaired loans and is based on historical charge-off experience by segment. The historical loss experience is determined by portfolio segment and is based on the actual loss history experienced by the Bank over the prior three years. Management believes the three-year historical loss experience methodology is appropriate in the current economic environment. Other adjustments (qualitative/environmental considerations) for each segment may be added to the allowance for each loan segment after an assessment of internal or external influences on credit quality that are not fully reflected in the historical loss or risk rating data. 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. Factors considered by management in determining impairment include payment status, collateral value and the probability of collecting scheduled principal and interest payments when due, based on the loan’s current payment status and the borrower’s financial condition, including available sources of cash flows. Loans that experience insignificant payment delays and payment shortfalls generally are not classified as impaired. Management determines the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower’s prior payment record and the amount of the shortfall in relation to the principal and interest owed. Impairment is measured on a loan-by-loan basis for non-homogenous type loans such as commercial, non-owner-occupied residential, multi-family, nonresidential and construction loans by either the present value of expected future cash flows discounted at the loan’s effective interest rate, the loan’s obtainable market price or the fair value of the collateral if the loan is collateral dependent. For impaired loans where the Bank utilizes the discounted cash flows to determine the level of impairment, the Bank includes the entire change in the present value of cash flows as bad debt expense. The fair values of collateral dependent impaired loans are based on independent appraisals of the collateral. In general, the Bank acquires an updated appraisal upon identification of impairment and annually thereafter for commercial, commercial real estate and multi-family loans. If the most recent appraisal is over a year old, and a new appraisal is not performed, due to lack of comparable values or other reasons, the existing appraisal is utilized and discounted based on the age of the appraisal, condition of the subject property and overall economic conditions. After determining the collateral value as described, the fair value is calculated based on the determined collateral value less selling expenses. The potential for outdated appraisal values is considered in our determination of the allowance for loan losses through our analysis of various trends and conditions including the local economy, trends in charge-offs and delinquencies, etc. and the related qualitative adjustments assigned by the Bank. Segments of loans with similar risk characteristics are collectively evaluated for impairment based on the segment’s historical loss experience adjusted for changes in trends, conditions and other relevant factors that affect repayment of the loans. Accordingly, the Bank does not separately identify individual consumer and residential loans for impairment measurements, unless such loans are the subject of a restructuring agreement due to financial difficulties of the borrower. In the course of working with borrowers, the Bank may choose to restructure the contractual terms of certain loans. In this scenario, the Bank attempts to work out an alternative payment schedule with the borrower in order to optimize collectability of the loan. Any loans that are modified are reviewed by the Bank to identify if a troubled debt restructuring (TDR) has occurred, which is when, for economic or legal reasons related to a borrower’s financial difficulties, the Bank grants a concession to the borrower that it would not otherwise consider. Terms may be modified to fit the ability of the borrower to repay in line with the borrower’s current financial status, and the restructuring of the loan may include the transfer of assets from the borrower to satisfy the debt, a modification of loan terms or a combination of the two. If such efforts by the Bank do not result in a satisfactory arrangement, the loan is referred to legal counsel, at which time foreclosure proceedings are initiated. At any time prior to a sale of the property at foreclosure, the Bank may terminate foreclosure proceedings if the borrower is able to work out a satisfactory payment plan. It is the Bank’s policy that any restructured loans on nonaccrual status prior to being restructured remain on nonaccrual status until six months of satisfactory borrower performance, at which time management would consider its return to accrual status. If a loan was accruing at the time of restructuring, the Bank reviews the loan to determine if it is appropriate to continue the accrual of interest on the restructured loan. With regard to determination of the amount of the allowance for credit losses, troubled debt restructured loans are considered to be impaired. As a result, the determination of the amount of impaired loans for each portfolio segment within troubled debt restructurings is the same as detailed previously.
Revenue Recognition	Revenue Recognition The Company accounts for revenues in accordance with 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 the Company’s in scope revenue from contracts with customers is recognized within other noninterest income. Deposit Services.
Earnings Per Share	Earnings Per Share Basic earnings per share (“EPS”) excludes dilution and is calculated by dividing net income by the weighted-average number of shares of common stock outstanding during the period. Diluted EPS is computed in a manner similar to that of basic EPS except that the weighted-average number of common shares outstanding is increased to include the number of incremental common shares that would have been outstanding if all potentially dilutive common stock equivalents were issued during the period. The Company had no potentially dilutive stock equivalents at September 30, 2022. Unallocated common shares held by the Company’s Employee Stock Ownership Plan (“ESOP”) are shown as a reduction in shareholders’ equity and are excluded from weighted-average common shares outstanding for both basic and diluted EPS calculations until they are committed to be released. The computation for the three months ended September 30, 2022 is as follows: ​ ​ ​ ​ ​ ​ ​ September 30, 2022 ​ ​ ​ (Unaudited) ​ Net income ​ $ 154,777 ​ ​ ​ ​ ​ ​ Shares outstanding for basic and diluted earnings per share: ​ ​ ​ ​ Weighted-average shares issued ​ ​ 1,651,206 ​ Less weighted-average unearned ESOP shares ​ ​ (132,096) ​ Weighted-average shares outstanding - basic and diluted ​ ​ 1,519,110 ​ ​ ​ ​ ​ ​ Basic and diluted earnings per share ​ $ 0.10 ​

Nature of Operations and Summ_3

Nature of Operations and Summary of Significant Accounting Policies (Tables)	3 Months Ended
	Sep. 30, 2022
Nature of Operations and Summary of Significant Accounting Policies
Schedule of weighted-average common shares outstanding for both basic and diluted EPS	​ ​ ​ ​ ​ ​ ​ September 30, 2022 ​ ​ ​ (Unaudited) ​ Net income ​ $ 154,777 ​ ​ ​ ​ ​ ​ Shares outstanding for basic and diluted earnings per share: ​ ​ ​ ​ Weighted-average shares issued ​ ​ 1,651,206 ​ Less weighted-average unearned ESOP shares ​ ​ (132,096) ​ Weighted-average shares outstanding - basic and diluted ​ ​ 1,519,110 ​ ​ ​ ​ ​ ​ Basic and diluted earnings per share ​ $ 0.10 ​

Debt Securities (Tables)

Debt Securities (Tables)	3 Months Ended
	Sep. 30, 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: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. Government agencies ​ $ 6,000,000 ​ $ — ​ $ 519,290 ​ $ 5,480,710 Mortgage-backed Government ​ ​ ​ ​ Sponsored Enterprises (GSEs) ​ 27,750,531 ​ 5,420 ​ 2,237,816 ​ 25,518,135 Collateralized mortgage obligations ​ ​ 4,486,576 ​ ​ — ​ ​ 50,331 ​ ​ 4,436,245 Subordinated debt ​ ​ 1,000,000 ​ ​ — ​ ​ 50,070 ​ ​ 949,930 State and political subdivisions ​ 4,571,503 ​ — ​ 893,952 ​ 3,677,551 ​ ​ $ 43,808,610 ​ $ 5,420 ​ $ 3,751,459 ​ $ 40,062,571 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gross Gross ​ ​ ​ ​ Amortized ​ Unrealized ​ Unrealized ​ Approximate ​ ​ Cost ​ Gains ​ Losses ​ Fair Value Available-for-sale Securities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. Government agencies ​ $ 6,000,000 ​ $ — ​ $ 318,720 ​ $ 5,681,280 Mortgage-backed Government ​ ​ ​ ​ Sponsored Enterprises (GSEs) ​ 17,022,130 ​ 8,405 ​ 1,629,577 ​ 15,400,958 Collateralized mortgage obligations ​ ​ — ​ ​ — ​ ​ — ​ ​ — Subordinated debt ​ ​ — ​ ​ — ​ ​ — ​ ​ — State and political subdivisions ​ 4,123,874 ​ — ​ 711,702 ​ 3,412,172 ​ ​ $ 27,146,004 ​ $ 8,405 ​ $ 2,659,999 ​ $ 24,494,410 ​
schedule of contractual maturities of amortized cost and fair value	The amortized cost and fair value of available-for-sale securities at September 30, 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 ​ 6,423,411 ​ 5,864,888 Five to ten years ​ 1,977,657 ​ 1,819,385 After ten years ​ 3,170,435 ​ 2,423,918 ​ ​ ​ 11,571,503 ​ ​ 10,108,191 Mortgage-backed GSE's and CMO's ​ 32,237,107 ​ 29,954,380 Totals ​ $ 43,808,610 ​ $ 40,062,571 ​
Schedule of continuous unrealized loss position of available for sale debt securities	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 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 ​ $ 5,480,710 ​ $ 519,290 ​ $ — ​ $ — ​ $ 5,480,710 ​ $ 519,290 Mortgage-backed Government ​ ​ ​ ​ ​ ​ Sponsored Enterprises (GSEs) ​ 16,252,791 ​ 628,616 ​ 7,777,381 ​ 1,609,200 ​ 24,030,172 ​ 2,237,816 Collateralized mortgage obligations ​ ​ 4,436,245 ​ ​ 50,331 ​ ​ — ​ ​ — ​ ​ 4,436,245 ​ ​ 50,331 Subordinated debt ​ ​ 949,930 ​ ​ 50,070 ​ ​ — ​ ​ — ​ ​ 949,930 ​ ​ 50,070 State and political subdivisions ​ 1,955,827 ​ 390,356 ​ 1,721,724 ​ 503,596 ​ 3,677,551 ​ 893,952 Total temporarily impaired securities ​ $ 29,075,503 ​ $ 1,638,663 ​ $ 9,499,105 ​ $ 2,112,796 ​ $ 38,574,608 ​ $ 3,751,459 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2022 ​ ​ 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 ​ $ 5,681,280 ​ $ 318,720 ​ $ — ​ $ — ​ $ 5,681,280 ​ $ 318,720 Mortgage-backed Government ​ ​ ​ ​ ​ ​ Sponsored Enterprises (GSEs) ​ 8,327,314 ​ 802,556 ​ 5,095,794 ​ 827,021 ​ 13,423,108 ​ 1,629,577 Collateralized mortgage obligations ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Subordinated debt ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — State and political subdivisions ​ 1,856,557 ​ 347,775 ​ 1,555,615 ​ 363,927 ​ 3,412,172 ​ 711,702 Total temporarily impaired securities ​ $ 15,865,151 ​ $ 1,469,051 ​ $ 6,651,409 ​ $ 1,190,948 ​ $ 22,516,560 ​ $ 2,659,999 ​

Loans and Allowance for Loan _2

Loans and Allowance for Loan Losses (Tables)	3 Months Ended
	Sep. 30, 2022
Loans and Allowance for Loan Losses
Schedule of categories of loans	Categories of loans at September 30, 2022 and June 30, 2022 include: ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, June 30, ​ ​ ​ 2022 ​ 2022 ​ ​ (Unaudited) ​ ​ Real estate loans: ​ ​ ​ ​ ​ ​ ​ Commercial ​ $ 4,972,791 ​ $ 5,136,407 ​ Residential ​ 66,123,917 ​ 65,638,154 ​ Multifamily ​ 711,402 ​ 718,911 ​ Agricultural ​ 4,015,564 ​ 3,450,672 ​ Construction and land ​ 5,517,796 ​ 6,006,613 ​ Home equity line of credit (HELOC) ​ 494,128 ​ 264,421 ​ Commercial and industrial ​ ​ 301,945 ​ ​ 339,094 ​ Consumer ​ 785,094 ​ 713,323 ​ Total loans ​ 82,922,637 ​ 82,267,595 ​ Less: ​ ​ ​ Undisbursed loans in process ​ 3,589,117 ​ 4,324,320 ​ Net deferred loan fees ​ 12,488 ​ 10,203 ​ Allowance for loan losses ​ 222,884 ​ 222,884 ​ Net loans ​ $ 79,098,148 ​ $ 77,710,188 ​
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 September 30, 2022 and 2021. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance ​ Provision (credit) ​ ​ ​ ​ ​ Balance ​ ​ June 30, 2022 for loan losses Charge-offs Recoveries September 30, 2022 ​ ​ (Unaudited) Real estate loans: ​ ​ ​ ​ ​ Commercial ​ $ 20,643 ​ $ (949) ​ $ — ​ $ — ​ $ 19,694 Residential ​ 177,830 ​ (2,090) ​ — ​ — ​ 175,740 Multifamily ​ 1,926 ​ (47) ​ — ​ — ​ 1,879 Agricultural ​ 13,868 ​ 2,036 ​ — ​ — ​ 15,904 Construction and land ​ ​ 5,477 ​ ​ 610 ​ ​ — ​ ​ — ​ ​ 6,087 HELOC ​ ​ 1,306 ​ ​ (110) ​ ​ — ​ ​ — ​ ​ 1,196 Commercial and industrial ​ ​ 709 ​ ​ 595 ​ ​ — ​ ​ — ​ ​ 1,304 Consumer ​ ​ 1,125 ​ ​ (45) ​ ​ — ​ ​ — ​ ​ 1,080 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total ​ $ 222,884 ​ $ — ​ $ — ​ $ — ​ $ 222,884 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance ​ Provision (credit) ​ ​ ​ ​ ​ Balance ​ June 30, 2021 for loan losses Charge-offs Recoveries September 30, 2021 ​ ​ (Unaudited) Real estate loans: ​ ​ ​ ​ ​ Commercial ​ $ 27,506 ​ $ (1,341) ​ $ — ​ $ — ​ $ 26,165 Residential ​ 176,498 ​ (4,057) ​ — ​ — ​ 172,441 Multifamily ​ — ​ — ​ — ​ — ​ — Agricultural ​ ​ 8,334 ​ ​ 3,519 ​ ​ — ​ ​ — ​ ​ 11,853 Construction and land ​ ​ 7,723 ​ ​ 2,042 ​ ​ — ​ ​ — ​ ​ 9,765 HELOC ​ ​ 577 ​ ​ 676 ​ ​ — ​ ​ — ​ ​ 1,253 Commercial and industrial ​ ​ 1,437 ​ ​ (782) ​ ​ — ​ ​ — ​ ​ 655 Consumer ​ ​ 809 ​ ​ (57) ​ ​ — ​ ​ — ​ ​ 752 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total ​ $ 222,884 ​ $ — ​ $ — ​ $ — ​ $ 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 September 30, 2022 and June 30, 2022 : ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Allowance for loan losses ​ Loans ​ ​ ​ Ending balance, evaluated for impairment ​ Ending balance, evaluated for impairment ​ ​ Individually Collectively Individually Collectively ​ ​ (Unaudited) ​ September 30, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Real estate loans: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ $ — ​ $ 19,694 ​ $ — ​ $ 4,972,791 ​ Residential ​ ​ 2,070 ​ ​ 173,670 ​ ​ 278,188 ​ ​ 65,845,729 ​ Multifamily ​ ​ — ​ ​ 1,879 ​ ​ — ​ ​ 711,402 ​ Agricultural ​ ​ — ​ ​ 15,904 ​ ​ — ​ ​ 4,015,564 ​ Construction and land ​ ​ — ​ ​ 6,087 ​ ​ — ​ ​ 5,517,796 ​ HELOC ​ ​ — ​ ​ 1,196 ​ ​ — ​ ​ 494,128 ​ Commercial and industrial ​ ​ — ​ ​ 1,304 ​ ​ — ​ ​ 301,945 ​ Consumer ​ ​ — ​ ​ 1,080 ​ ​ — ​ ​ 785,094 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total ​ $ 2,070 ​ $ 220,814 ​ $ 278,188 ​ $ 82,644,450 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Allowance for loan losses ​ Loans ​ ​ ​ Ending balance, evaluated for impairment ​ Ending balance, evaluated for impairment ​ ​ Individually Collectively Individually Collectively June 30, 2022 ​ ​ ​ ​ ​ Real estate loans: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ $ — ​ $ 20,643 ​ $ — ​ $ 5,136,407 ​ Residential ​ ​ 2,734 ​ ​ 175,096 ​ ​ 359,263 ​ ​ 65,278,891 ​ Multifamily ​ ​ — ​ ​ 1,926 ​ ​ — ​ ​ 718,911 ​ Agricultural ​ ​ — ​ ​ 13,868 ​ ​ — ​ ​ 3,450,672 ​ Construction and land ​ ​ — ​ ​ 5477 ​ ​ — ​ ​ 6,006,613 ​ HELOC ​ ​ — ​ ​ 1,306 ​ ​ — ​ ​ 264,421 ​ Commercial and industrial ​ ​ — ​ ​ 709 ​ ​ — ​ ​ 339,094 ​ Consumer ​ ​ — ​ ​ 1,125 ​ ​ — ​ ​ 713,323 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total ​ $ 2,734 ​ $ 220,150 ​ $ 359,263 ​ $ 81,908,332 ​
Schedule of credit risk profile of Bank's loan portfolio based on internal rating category and payment activity	Information regarding the credit quality indicators most closely monitored for other than residential real estate loans by class as of September 30, 2022 and June 30, 2022 follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Special ​ ​ ​ ​ ​ ​ ​ ​ Pass Monitor Mention Substandard Doubtful Total September 30, 2022 (Unaudited) ​ ​ ​ ​ ​ ​ Real estate loans: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ $ 4,807,602 ​ $ 165,189 ​ $ — ​ $ — ​ $ — ​ $ 4,972,791 Multifamily ​ ​ 711,402 ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 711,402 Agricultural ​ 3,777,063 ​ 238,501 ​ — ​ — ​ — ​ 4,015,564 Construction and land ​ 74,184 ​ 5,404,080 ​ — ​ 39,533 ​ — ​ 5,517,796 Commercial and industrial ​ 301,945 ​ — ​ — ​ — ​ — ​ 301,945 Consumer ​ ​ 785,094 ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 785,094 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total loans ​ $ 10,457,290 ​ $ 5,807,770 ​ $ — ​ $ 39,533 ​ $ — ​ $ 16,304,593 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2022 ​ ​ ​ ​ ​ ​ Real estate loans: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ $ 4,963,148 ​ $ 173,259 ​ $ — ​ $ — ​ $ — ​ $ 5,136,407 Multifamily ​ ​ 718,911 ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 718,911 Agricultural ​ 3,212,171 ​ 238,501 ​ — ​ — ​ — ​ 3,450,672 Construction and land ​ 79,160 ​ 5,887,572 ​ — ​ 39,881 ​ — ​ 6,006,613 Commercial and industrial ​ 304,607 ​ 34,487 ​ — ​ — ​ — ​ 339,094 Consumer ​ ​ 713,323 ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 713,323 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total loans ​ $ 9,991,320 ​ $ 6,333,819 ​ $ — ​ $ 39,881 ​ $ — ​ $ 16,365,020 The following tables present the credit risk profile of the Company’s residential real estate loan portfolio based on internal rating category and payment activity as of September 30, 2022 and June 30, 2022: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Performing Nonperforming Total September 30, 2022 ​ (Unaudited) Real estate loans: ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential ​ $ 65,900,320 ​ $ 223,597 ​ $ 66,123,917 HELOC ​ 494,128 ​ — ​ 494,128 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total ​ $ 66,394,448 ​ $ 223,597 ​ $ 66,618,045 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Performing Nonperforming Total June 30, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ Real estate loans: ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential ​ $ 65,412,572 ​ $ 225,582 ​ $ 65,638,154 HELOC ​ ​ 264,421 ​ ​ — ​ ​ 264,421 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total ​ $ 65,676,993 ​ $ 225,582 ​ $ 65,902,575
Schedule of Bank's loan portfolio aging analysis of recorded investment in loans	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2022 ​ ​ ​ ​ ​ ​ ​ ​ 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 ​ ​ (Unaudited) Real estate loans: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 4,972,791 ​ $ 4,972,791 ​ $ — Residential ​ — ​ 76,674 ​ 98,361 ​ 175,035 ​ 65,948,882 ​ 66,123,917 ​ 54,591 Multifamily ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 711,402 ​ ​ 711,402 ​ ​ — Agricultural ​ — ​ — ​ — ​ — ​ 4,015,564 ​ 4,015,564 ​ — Construction and land ​ — ​ — ​ — ​ — ​ 5,517,796 ​ 5,517,796 ​ — HELOC ​ — ​ — ​ — ​ — ​ 494,128 ​ 494,128 ​ — Commercial and industrial ​ — ​ — ​ — ​ — ​ 301,945 ​ 301,945 ​ — Consumer ​ — ​ — ​ — ​ — ​ 785,094 ​ 785,094 ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total ​ $ — ​ $ 76,674 ​ $ 98,361 ​ $ 175,035 ​ $ 82,747,602 ​ $ 82,922,637 ​ $ 54,591 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2022 ​ ​ ​ ​ ​ ​ ​ ​ 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 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Real estate loans: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 5,136,407 ​ $ 5,136,407 ​ $ — Residential ​ — ​ 89,856 ​ 217,019 ​ 306,875 ​ 65,331,279 ​ 65,638,154 ​ 133,681 Multifamily ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 718,911 ​ ​ 718,911 ​ ​ — Agricultural ​ — ​ — ​ — ​ — ​ 3,450,672 ​ 3,450,672 ​ — Construction and land ​ — ​ — ​ — ​ — ​ 6,006,613 ​ 6,006,613 ​ — HELOC ​ — ​ — ​ — ​ — ​ 264,421 ​ 264,421 ​ — Commercial and industrial ​ — ​ — ​ — ​ — ​ 339,094 ​ 339,094 ​ — Consumer ​ — ​ — ​ — ​ — ​ 713,323 ​ 713,323 ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total ​ $ — ​ $ 89,856 ​ $ 217,019 ​ $ 306,875 ​ $ 81,960,720 ​ $ 82,267,595 ​ $ 133,681 ​ ​
Schedule of information on impaired loans	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of September 30, 2022 ​ ​ ​ ​ ​ Unpaid ​ ​ ​ ​ Average Balance of ​ Interest ​ ​ Recorded ​ Principal ​ Specific ​ Impaired ​ Income ​ ​ Balance ​ Balance ​ Allowance ​ Loans ​ Recognized ​ ​ (Unaudited) Loans without a specific valuation allowance: ​ ​ ​ ​ ​ Real estate ​ ​ ​ ​ ​ Residential ​ $ 215,793 ​ $ 215,793 ​ $ — ​ $ 216,488 ​ $ 2,655 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans with a specific valuation allowance: ​ ​ ​ ​ ​ Real estate ​ ​ ​ ​ ​ Residential ​ 62,395 ​ 62,395 ​ 2,070 ​ 62,712 ​ 1,045 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Totals ​ $ 278,188 ​ $ 278,188 ​ $ 2,070 ​ $ 279,200 ​ $ 3,700 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of and for the year ended June 30, 2022 ​ ​ ​ ​ ​ Unpaid ​ ​ ​ ​ Average Balance of ​ Interest ​ ​ Recorded ​ Principal ​ Specific ​ Impaired ​ Income ​ Balance Balance Allowance Loans Recognized ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans without a specific valuation allowance: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Real estate ​ ​ ​ ​ ​ Residential ​ $ 296,204 ​ $ 296,204 ​ $ — ​ $ 301,041 ​ $ 6,005 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans with a specific valuation allowance: ​ ​ ​ ​ ​ Real estate ​ ​ ​ ​ ​ Residential ​ 63,059 ​ 63,059 ​ 2,734 ​ 64,319 ​ 4,028 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Totals ​ $ 359,263 ​ $ 359,263 ​ $ 2,734 ​ $ 365,360 ​ $ 10,033 ​ ​
Schedule of nonaccrual loans	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, June 30, ​ ​ ​ 2022 ​ 2022 ​ ​ (Unaudited) ​ ​ ​ Residential real estate loans ​ $ 223,597 ​ $ 225,582 ​

Disclosures about Fair Value _2

Disclosures about Fair Value of Assets and Liabilities (Tables)	3 Months Ended
	Sep. 30, 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) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2022 (Unaudited) ​ ​ ​ ​ U.S. Government agencies ​ $ 5,480,710 ​ $ — ​ $ 5,480,710 ​ $ — Mortgage-backed GSEs ​ 25,518,135 ​ — ​ 25,518,135 ​ — Collateralized mortgage obligations ​ ​ 4,436,245 ​ ​ — ​ ​ 4,436,245 ​ ​ — Subordinated debt ​ ​ 949,930 ​ ​ — ​ ​ 949,930 ​ ​ — State and political subdivisions ​ 3,677,551 ​ — ​ 3,677,551 ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2022 ​ ​ ​ ​ U.S. Government agencies ​ $ 5,681,280 ​ $ — ​ $ 5,681,280 ​ $ — Mortgage-backed GSEs ​ 15,400,958 ​ — ​ 15,400,958 ​ — State and political subdivisions ​ 3,412,172 ​ — ​ 3,412,172 ​ —
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) September 30, 2022 (Unaudited) ​ ​ ​ ​ ​ Financial assets: ​ ​ ​ ​ ​ Cash and due from banks ​ $ 17,444,335 ​ $ 17,444,335 ​ $ 17,444,335 ​ $ — ​ $ — Interest-bearing time deposits ​ 980,000 ​ 980,000 ​ 980,000 ​ — ​ — Loans, net ​ 79,098,148 ​ 73,608,948 ​ — ​ — ​ 73,608,948 FHLB Stock ​ 668,700 ​ 668,700 ​ — ​ 668,700 ​ — Accrued interest receivable ​ 320,777 ​ 320,777 ​ 320,777 ​ — ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial liabilities: ​ ​ ​ ​ ​ ​ ​ ​ Deposits ​ 105,960,028 ​ 105,564,001 ​ 72,354,001 ​ — ​ 33,210,000 Accrued interest payable ​ 30 ​ 30 ​ 30 ​ — ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2022 ​ ​ ​ ​ ​ Financial assets: ​ ​ ​ ​ ​ Cash and due from banks ​ $ 36,711,842 ​ $ 36,711,842 ​ $ 36,711,842 ​ $ — ​ $ — Interest-bearing time deposits ​ 1,470,000 ​ 1,470,000 ​ 1,470,000 ​ — ​ — Loans, net ​ 77,710,188 ​ 73,828,181 ​ — ​ — ​ 73,828,181 FHLB Stock ​ 1,012,900 ​ 1,012,900 ​ — ​ 1,012,900 ​ — Accrued interest receivable ​ 219,195 ​ 219,195 ​ 219,195 ​ — ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ Deposits ​ 109,990,209 ​ 109,936,154 ​ 74,773,154 ​ — ​ 35,163,000 Accrued interest payable ​ 5 ​ 5 ​ 5 ​ — ​ —

Commitments (Tables)

Commitments (Tables)	3 Months Ended
	Sep. 30, 2022
Commitments
Schedule of commitments outstanding	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, June 30, ​ ​ 2022 2022 ​ ​ ​ (Unaudited) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commitments to originate loans ​ $ 809,000 ​ $ 278,000 ​ Undisbursed balance of loans closed ​ 5,531,000 ​ 6,457,000 ​ ​ ​ ​ ​ ​ ​ ​ ​ Total ​ $ 6,340,000 ​ $ 6,735,000 ​

Nature of Operations and Summ_4

Nature of Operations and Summary of Significant Accounting Policies (Details) - USD ($)		3 Months Ended
	Jul. 14, 2022	Sep. 30, 2022	Jun. 30, 2022
Retained earnings		$ 25,616,642	$ 25,461,865
ESOP
Conversion of stock	1,922,924
Shares purchased	153,834	153,834
Purchased by employee stock ownership plan	8%
Amount borrowed	$ 1,538,000	$ 1,500,000
Contributions	8,932,000
Contributions to the ESOP		$ 0
Net proceeds to employee stock ownership plan	$ 7,394,000
VWF Bancorp
Ownership percentage	100%
Conversion of stock	1,922,924
Share price	$ 10
Proceeds from issuance of common stock	$ 19,229,000
Conversion and issuance of common stock	$ 1,364,000

Nature of Operations and Summ_5

Nature of Operations and Summary of Significant Accounting Policies - EPS Calculation (Details) - USD ($)	3 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Nature of Operations and Summary of Significant Accounting Policies
Net income	$ 154,777	$ 63,940
Weighted-average shares issued	1,651,206
Less weighted-average unearned ESOP shares	(132,096)
Weighted-average shares outstanding-basic	1,519,110
Weighted-average shares outstanding-diluted	1,519,110
Earnings per share-basic	$ 0.10
Earnings per share-diluted	$ 0.10

Debt Securities - Amortized cos

Debt Securities - Amortized cost and fair value with unrealized gains(losses) (Details) - USD ($)	3 Months Ended	12 Months Ended
	Sep. 30, 2022	Jun. 30, 2022
Debt Securities, Available-for-Sale [Line Items]
Amortized Cost	$ 43,808,610	$ 27,146,004
Gross Unrealized Gains	5,420	8,405
Gross Unrealized Losses	3,751,459	2,659,999
Totals	40,062,571	24,494,410
U.S. Government agencies
Debt Securities, Available-for-Sale [Line Items]
Amortized Cost	6,000,000	6,000,000
Gross Unrealized Losses	519,290	318,720
Totals	5,480,710	5,681,280
Sponsored Enterprises (GSEs)
Debt Securities, Available-for-Sale [Line Items]
Amortized Cost	27,750,531	17,022,130
Gross Unrealized Gains	5,420	8,405
Gross Unrealized Losses	2,237,816	1,629,577
Totals	25,518,135	15,400,958
Collateralized mortgage obligations
Debt Securities, Available-for-Sale [Line Items]
Amortized Cost	4,486,576
Gross Unrealized Losses	50,331
Totals	4,436,245
Subordinated debt
Debt Securities, Available-for-Sale [Line Items]
Amortized Cost	1,000,000
Gross Unrealized Losses	50,070
Totals	949,930
State and political subdivisions
Debt Securities, Available-for-Sale [Line Items]
Amortized Cost	4,571,503	4,123,874
Gross Unrealized Losses	893,952	711,702
Totals	$ 3,677,551	$ 3,412,172

Debt Securities - Maturities (D

Debt Securities - Maturities (Details) - USD ($)	Sep. 30, 2022	Jun. 30, 2022
Debt Securities, Available-for-Sale, Amortized Cost, Fiscal Year Maturity [Abstract]
One to five years	$ 6,423,411
Five to ten years	1,977,657
After ten years	3,170,435
Total maturities	11,571,503
Mortgage-backed GSEs	32,237,107
Totals	43,808,610	$ 27,146,004
Debt Securities, Available-for-Sale, Fair Value, Fiscal Year Maturity [Abstract]
One to five years	5,864,888
Five to ten years	1,819,385
After ten years	2,423,918
Total maturities	10,108,191
Mortgage-backed GSEs	29,954,380
Totals	$ 40,062,571	$ 24,494,410

Debt Securities - Continuous un

Debt Securities - Continuous unrealized loss position (Details) - USD ($)	Sep. 30, 2022	Jun. 30, 2022
Fair Value
Less than 12 Months	$ 29,075,503	$ 15,865,151
12 Months or More	9,499,105	6,651,409
Total	38,574,608	22,516,560
Unrealized Losses
Less than 12 Months	1,638,663	1,469,051
12 Months or More	2,112,796	1,190,948
Total	3,751,459	2,659,999
U.S. Government agencies
Fair Value
Less than 12 Months	5,480,710	5,681,280
Total	5,480,710	5,681,280
Unrealized Losses
Less than 12 Months	519,290	318,720
Total	519,290	318,720
Sponsored Enterprises (GSEs)
Fair Value
Less than 12 Months	16,252,791	8,327,314
12 Months or More	7,777,381	5,095,794
Total	24,030,172	13,423,108
Unrealized Losses
Less than 12 Months	628,616	802,556
12 Months or More	1,609,200	827,021
Total	2,237,816	1,629,577
Collateralized mortgage obligations
Fair Value
Less than 12 Months	4,436,245
Total	4,436,245
Unrealized Losses
Less than 12 Months	50,331
Total	50,331
Subordinated debt
Fair Value
Less than 12 Months	949,930
Total	949,930
Unrealized Losses
Less than 12 Months	50,070
Total	50,070
State and political subdivisions
Fair Value
Less than 12 Months	1,955,827	1,856,557
12 Months or More	1,721,724	1,555,615
Total	3,677,551	3,412,172
Unrealized Losses
Less than 12 Months	390,356	347,775
12 Months or More	503,596	363,927
Total	$ 893,952	$ 711,702

Debt Securities - Additional in

Debt Securities - Additional information (Details) - USD ($)	3 Months Ended		12 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Jun. 30, 2021	Jun. 30, 2022
Carrying value of securities pledged as collateral to secure public deposits	$ 40,062,571			$ 24,494,410
Proceeds from sales of securities	0	$ 0
Amount of investments in debt securities reported less than historical cost, Fair value	$ 38,575,000		$ 22,517,000
Investments in debt securities reported less than historical cost, Percentage	96%		92%
Asset Pledged as Collateral without Right [Member]
Carrying value of securities pledged as collateral to secure public deposits	$ 4,466,000		$ 4,652,000
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 ($)	Sep. 30, 2022	Jun. 30, 2022	Sep. 30, 2021	Jun. 30, 2021
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	$ 82,922,637	$ 82,267,595
Less:
Undisbursed loans in process	3,589,117	4,324,320
Net deferred loan fees	12,488	10,203
Allowance for loan losses	222,884	222,884	$ 222,884	$ 222,884
Net loans	79,098,148	77,710,188
Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	4,972,791	5,136,407
Less:
Allowance for loan losses	19,694	20,643	26,165	27,506
Residential real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	66,123,917	65,638,154
Less:
Allowance for loan losses	175,740	177,830	172,441	176,498
Multifamily real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	711,402	718,911
Less:
Allowance for loan losses	1,879	1,926
Agricultural real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	4,015,564	3,450,672
Less:
Allowance for loan losses	15,904	13,868	11,853	8,334
Construction and land
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	5,517,796	6,006,613
Less:
Allowance for loan losses	6,087	5,477	9,765	7,723
Home equity line of credit (HELOC)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	494,128	264,421
Less:
Allowance for loan losses	1,196	1,306	1,253	577
Commercial and industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	301,945	339,094
Less:
Allowance for loan losses	1,304	709	655	1,437
Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	785,094	713,323
Less:
Allowance for loan losses	$ 1,080	$ 1,125	$ 752	$ 809

Loans and Allowance for Loan _4

Loans and Allowance for Loan Losses - Allowance for loan losses (Details) - USD ($)	3 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Allowance for loan losses:
Beginning balance	$ 222,884	$ 222,884
Ending balance	222,884	222,884
Commercial real estate
Allowance for loan losses:
Beginning balance	20,643	27,506
Provision (credit) for loan losses	(949)	(1,341)
Ending balance	19,694	26,165
Residential real estate
Allowance for loan losses:
Beginning balance	177,830	176,498
Provision (credit) for loan losses	(2,090)	(4,057)
Ending balance	175,740	172,441
Multifamily real estate
Allowance for loan losses:
Beginning balance	1,926
Provision (credit) for loan losses	(47)
Ending balance	1,879
Agricultural real estate
Allowance for loan losses:
Beginning balance	13,868	8,334
Provision (credit) for loan losses	2,036	3,519
Ending balance	15,904	11,853
Construction and land
Allowance for loan losses:
Beginning balance	5,477	7,723
Provision (credit) for loan losses	610	2,042
Ending balance	6,087	9,765
Home equity line of credit (HELOC)
Allowance for loan losses:
Beginning balance	1,306	577
Provision (credit) for loan losses	(110)	676
Ending balance	1,196	1,253
Commercial and industrial
Allowance for loan losses:
Beginning balance	709	1,437
Provision (credit) for loan losses	595	(782)
Ending balance	1,304	655
Consumer
Allowance for loan losses:
Beginning balance	1,125	809
Provision (credit) for loan losses	(45)	(57)
Ending balance	$ 1,080	$ 752

Loans and Allowance for Loan _5

Loans and Allowance for Loan Losses - Allowance for loan losses by impairment method (Details) - USD ($)	Sep. 30, 2022	Jun. 30, 2022
Allowance for loan losses:
Ending balance, individually evaluated for impairment	$ 2,070	$ 2,734
Ending balance, collectively evaluated for impairment	220,814	220,150
Loans:
Ending balance; individually evaluated for impairment	278,188	359,263
Ending balance; collectively evaluated for impairment	82,644,450	81,908,332
Commercial real estate
Allowance for loan losses:
Ending balance, collectively evaluated for impairment	19,694	20,643
Loans:
Ending balance; collectively evaluated for impairment	4,972,791	5,136,407
Residential real estate
Allowance for loan losses:
Ending balance, individually evaluated for impairment	2,070	2,734
Ending balance, collectively evaluated for impairment	173,670	175,096
Loans:
Ending balance; individually evaluated for impairment	278,188	359,263
Ending balance; collectively evaluated for impairment	65,845,729	65,278,891
Multifamily real estate
Allowance for loan losses:
Ending balance, collectively evaluated for impairment	1,879	1,926
Loans:
Ending balance; collectively evaluated for impairment	711,402	718,911
Agricultural real estate
Allowance for loan losses:
Ending balance, collectively evaluated for impairment	15,904	13,868
Loans:
Ending balance; collectively evaluated for impairment	4,015,564	3,450,672
Construction and land
Allowance for loan losses:
Ending balance, collectively evaluated for impairment	6,087	5,477
Loans:
Ending balance; collectively evaluated for impairment	5,517,796	6,006,613
Home equity line of credit (HELOC)
Allowance for loan losses:
Ending balance, collectively evaluated for impairment	1,196	1,306
Loans:
Ending balance; collectively evaluated for impairment	494,128	264,421
Commercial and industrial
Allowance for loan losses:
Ending balance, collectively evaluated for impairment	1,304	709
Loans:
Ending balance; collectively evaluated for impairment	301,945	339,094
Consumer
Allowance for loan losses:
Ending balance, collectively evaluated for impairment	1,080	1,125
Loans:
Ending balance; collectively evaluated for impairment	$ 785,094	$ 713,323

Loans and Allowance for Loan _6

Loans and Allowance for Loan Losses - Credit quality indicators (Details) - USD ($)	Sep. 30, 2022	Jun. 30, 2022
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans	$ 82,922,637	$ 82,267,595
Commercial real estate
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans	4,972,791	5,136,407
Multifamily real estate
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans	711,402	718,911
Agricultural real estate
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans	4,015,564	3,450,672
Construction and land
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans	5,517,796	6,006,613
Home equity line of credit (HELOC)
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans	494,128	264,421
Commercial and industrial
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans	301,945	339,094
Commercial and industrial | Pass [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans	301,945	304,607
Commercial and industrial | Monitor [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans		34,487
Commercial and industrial | Special Mention [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans
Commercial and industrial | Doubtful [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans
Consumer
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans	785,094	713,323
Consumer | Pass [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans	785,094	713,323
Consumer | Special Mention [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans
Consumer | Doubtful [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans
Other than residential real estate loans [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans	16,304,593	16,365,020
Other than residential real estate loans [Member] | Pass [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans	10,457,290	9,991,320
Other than residential real estate loans [Member] | Monitor [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans	5,807,770	6,333,819
Other than residential real estate loans [Member] | Special Mention [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans
Other than residential real estate loans [Member] | Substandard [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans	39,533	39,881
Other than residential real estate loans [Member] | Doubtful [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans
Real estate loans
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans	66,618,045	65,902,575
Real estate loans | Commercial real estate
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans	4,972,791	5,136,407
Real estate loans | Commercial real estate | Pass [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans	4,807,602	4,963,148
Real estate loans | Commercial real estate | Monitor [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans	165,189	173,259
Real estate loans | Commercial real estate | Special Mention [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans
Real estate loans | Commercial real estate | Doubtful [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans
Real estate loans | Multifamily real estate
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans	711,402	718,911
Real estate loans | Multifamily real estate | Pass [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans	711,402	718,911
Real estate loans | Multifamily real estate | Special Mention [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans
Real estate loans | Multifamily real estate | Doubtful [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans
Real estate loans | Agricultural real estate
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans	4,015,564	3,450,672
Real estate loans | Agricultural real estate | Pass [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans	3,777,063	3,212,171
Real estate loans | Agricultural real estate | Monitor [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans	238,501	238,501
Real estate loans | Agricultural real estate | Special Mention [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans
Real estate loans | Agricultural real estate | Doubtful [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans
Real estate loans | Construction and land
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans	5,517,796	6,006,613
Real estate loans | Construction and land | Pass [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans	74,184	79,160
Real estate loans | Construction and land | Monitor [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans	5,404,080	5,887,572
Real estate loans | Construction and land | Special Mention [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans
Real estate loans | Construction and land | Substandard [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans	39,533	39,881
Real estate loans | Construction and land | Doubtful [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans
Real estate loans | Home equity line of credit (HELOC)
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans	$ 494,128	$ 264,421

Loans and Allowance for Loan _7

Loans and Allowance for Loan Losses - Credit risk profile of Bank's loan portfolio (Details) - USD ($)	Sep. 30, 2022	Jun. 30, 2022
Financing Receivable, Credit Quality Indicator [Line Items]
Total	$ 82,922,637	$ 82,267,595
Real estate loans
Financing Receivable, Credit Quality Indicator [Line Items]
Total	66,618,045	65,902,575
Real estate loans | Performing
Financing Receivable, Credit Quality Indicator [Line Items]
Total	66,394,448	65,676,993
Real estate loans | Nonperforming
Financing Receivable, Credit Quality Indicator [Line Items]
Total	223,597	225,582
Residential real estate
Financing Receivable, Credit Quality Indicator [Line Items]
Total	66,123,917	65,638,154
Residential real estate | Real estate loans
Financing Receivable, Credit Quality Indicator [Line Items]
Total	66,123,917	65,638,154
Residential real estate | Real estate loans | Performing
Financing Receivable, Credit Quality Indicator [Line Items]
Total	65,900,320	65,412,572
Residential real estate | Real estate loans | Nonperforming
Financing Receivable, Credit Quality Indicator [Line Items]
Total	223,597	225,582
Home equity line of credit (HELOC)
Financing Receivable, Credit Quality Indicator [Line Items]
Total	494,128	264,421
Home equity line of credit (HELOC) | Real estate loans
Financing Receivable, Credit Quality Indicator [Line Items]
Total	494,128	264,421
Home equity line of credit (HELOC) | Real estate loans | Performing
Financing Receivable, Credit Quality Indicator [Line Items]
Total	$ 494,128	$ 264,421

Loans and Allowance for Loan _8

Loans and Allowance for Loan Losses - Bank loan portfolio aging analysis (Details) - USD ($)	Sep. 30, 2022	Jun. 30, 2022
Financing Receivable, Past Due [Line Items]
Total	$ 82,922,637	$ 82,267,595
Total Loans > 90 Days & Accruing	54,591	133,681
Total Past Due
Financing Receivable, Past Due [Line Items]
Total	175,035	306,875
60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total	76,674	89,856
Greater Than 90 Days Past Due
Financing Receivable, Past Due [Line Items]
Total	98,361	217,019
Current
Financing Receivable, Past Due [Line Items]
Total	82,747,602	81,960,720
Commercial real estate
Financing Receivable, Past Due [Line Items]
Total	4,972,791	5,136,407
Commercial real estate | Current
Financing Receivable, Past Due [Line Items]
Total	4,972,791	5,136,407
Residential real estate
Financing Receivable, Past Due [Line Items]
Total	66,123,917	65,638,154
Total Loans > 90 Days & Accruing	54,591	133,681
Residential real estate | Total Past Due
Financing Receivable, Past Due [Line Items]
Total	175,035	306,875
Residential real estate | 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total	76,674	89,856
Residential real estate | Greater Than 90 Days Past Due
Financing Receivable, Past Due [Line Items]
Total	98,361	217,019
Residential real estate | Current
Financing Receivable, Past Due [Line Items]
Total	65,948,882	65,331,279
Multifamily real estate
Financing Receivable, Past Due [Line Items]
Total	711,402	718,911
Multifamily real estate | Current
Financing Receivable, Past Due [Line Items]
Total	711,402	718,911
Agricultural real estate
Financing Receivable, Past Due [Line Items]
Total	4,015,564	3,450,672
Agricultural real estate | Current
Financing Receivable, Past Due [Line Items]
Total	4,015,564	3,450,672
Construction and land
Financing Receivable, Past Due [Line Items]
Total	5,517,796	6,006,613
Construction and land | Current
Financing Receivable, Past Due [Line Items]
Total	5,517,796	6,006,613
Home equity line of credit (HELOC)
Financing Receivable, Past Due [Line Items]
Total	494,128	264,421
Home equity line of credit (HELOC) | Current
Financing Receivable, Past Due [Line Items]
Total	494,128	264,421
Commercial and industrial
Financing Receivable, Past Due [Line Items]
Total	301,945	339,094
Commercial and industrial | Current
Financing Receivable, Past Due [Line Items]
Total	301,945	339,094
Consumer
Financing Receivable, Past Due [Line Items]
Total	785,094	713,323
Consumer | Current
Financing Receivable, Past Due [Line Items]
Total	$ 785,094	$ 713,323

Loans and Allowance for Loan _9

Loans and Allowance for Loan Losses - Information on impaired loans (Details) - USD ($)	3 Months Ended	12 Months Ended
	Sep. 30, 2022	Jun. 30, 2022
Recorded Balance
Loans without a specific valuation allowance:	$ 215,793	$ 296,204
Total recorded balance	278,188	359,263
Unpaid Principal Balance
Loans without a specific valuation allowance:	215,793	296,204
Total unpaid principal balance	278,188	359,263
Specific Allowance	2,070	2,734
Average Balance of Impaired Loans
Loans without a specific valuation allowance:	216,488	301,041
Total average balance of impaired loans	279,200	365,360
Interest Income Recognized
Loans without a specific valuation allowance:	2,655	6,005
Total interest income recognized	3,700	10,033
Residential real estate
Recorded Balance
Loans with a specific valuation allowance:	62,395	63,059
Unpaid Principal Balance
Loans with a specific valuation allowance:	62,395	63,059
Specific Allowance	2,070	2,734
Average Balance of Impaired Loans
Loans with a specific valuation allowance:	62,712	64,319
Interest Income Recognized
Loans with a specific valuation allowance:	$ 1,045	$ 4,028

Loans and Allowance for Loan_10

Loans and Allowance for Loan Losses - Nonaccrual loans (Details) - USD ($)	Sep. 30, 2022	Jun. 30, 2022
Residential real estate
Financing Receivable, Nonaccrual [Line Items]
Total nonaccrual	$ 223,597	$ 225,582

Loans and Allowance for Loan_11

Loans and Allowance for Loan Losses - Additional Information (Details) - loan	3 Months Ended		12 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Jun. 30, 2022
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)	3 Months Ended
	Sep. 30, 2022	Jun. 30, 2021
Regulatory Matters
Tier 1 Leverage capital ratio	1
Grace period	6 months
Tier 1 Leverage capital ratio, well capitalized, minimum	0.2241	0.1754

Disclosures about Fair Value _3

Disclosures about Fair Value of Assets and Liabilities - Fair value of assets measured on recurring basis (Details) - USD ($)	Sep. 30, 2022	Jun. 30, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liabilities, Fair value	$ 0
Fair Value, Recurring | U.S. Government agencies
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair value	5,480,710	$ 5,681,280
Fair Value, Recurring | Sponsored Enterprises (GSEs)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair value	25,518,135	15,400,958
Fair Value, Recurring | Collateralized mortgage obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair value	4,436,245
Fair Value, Recurring | Subordinated debt
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair value	949,930
Fair Value, Recurring | State and political subdivisions
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair value	3,677,551	3,412,172
Fair Value, Recurring | Level 2 | U.S. Government agencies
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair value	5,480,710	5,681,280
Fair Value, Recurring | Level 2 | Sponsored Enterprises (GSEs)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair value	25,518,135	15,400,958
Fair Value, Recurring | Level 2 | Collateralized mortgage obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair value	4,436,245
Fair Value, Recurring | Level 2 | Subordinated debt
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair value	949,930
Fair Value, Recurring | Level 2 | State and political subdivisions
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair value	$ 3,677,551	$ 3,412,172

Disclosures about Fair Value _4

Disclosures about Fair Value of Assets and Liabilities - estimated fair values of the Bank's financial instruments (Details) - USD ($)	Sep. 30, 2022	Jun. 30, 2022
Financial liabilities:
Liabilities, Fair value	$ 0
Non-recurring
Financial liabilities:
Assets, Fair value	0	$ 0
Liabilities, Fair value	0	0
Carrying value
Financial assets:
Cash and due from banks	17,444,335	36,711,842
Interest-bearing time deposits	980,000	1,470,000
Loans, net	79,098,148	77,710,188
FHLB Stock	668,700	1,012,900
Accrued interest receivable	320,777	219,195
Financial liabilities:
Deposits	105,960,028	109,990,209
Accrued interest payable	30	5
Fair value
Financial assets:
Cash and due from banks	17,444,335	36,711,842
Interest-bearing time deposits	980,000	1,470,000
Loans, net	73,608,948	73,828,181
FHLB Stock	668,700	1,012,900
Accrued interest receivable	320,777	219,195
Financial liabilities:
Deposits	105,564,001	109,936,154
Accrued interest payable	30	5
Level 1
Financial assets:
Cash and due from banks	17,444,335	36,711,842
Interest-bearing time deposits	980,000	1,470,000
Accrued interest receivable	320,777	219,195
Financial liabilities:
Deposits	72,354,001	74,773,154
Accrued interest payable	30	5
Level 2
Financial assets:
FHLB Stock	668,700	1,012,900
Level 3
Financial assets:
Loans, net	73,608,948	73,828,181
Financial liabilities:
Deposits	$ 33,210,000	$ 35,163,000

Commitments - Commitments outst

Commitments - Commitments outstanding (Details) - USD ($)	Sep. 30, 2022	Jun. 30, 2022
Loss Contingencies [Line Items]
Total commitments outstanding	$ 6,340,000	$ 6,735,000
Commitments to originate loans
Loss Contingencies [Line Items]
Total commitments outstanding	809,000	278,000
Undisbursed balance of loans closed
Loss Contingencies [Line Items]
Total commitments outstanding	$ 5,531,000	$ 6,457,000

ESOP (Details)

ESOP (Details) - ESOP - USD ($)		3 Months Ended
	Jul. 14, 2022	Sep. 30, 2022	Sep. 30, 2021
ESOP
Amount borrowed	$ 1,538,000	$ 1,500,000
Shares purchased	153,834	153,834
Term of repayment of loan		20 years
Contributions to the ESOP		$ 0
Compensation expense		55,000	$ 0
Unallocated ESOP shares		$ 2,200,000