VWF Bancorp (VWFB) 10-Q 20 Nov 23 2024 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Sep. 30, 2023	Nov. 20, 2023
Document and Entity Information [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Sep. 30, 2023
Entity File Number	000-56459
Entity Registrant Name	VWF Bancorp, Inc.
Entity Incorporation, State or Country Code	MD
Entity Tax Identification Number	88-1256373
Entity Address, Address Line One	976 South Shannon Street
Entity Address, City or Town	Van Wert
Entity Address State Or Province	OH
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	2024
Document Fiscal Period Focus	Q1
Amendment Flag	false

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($)	Sep. 30, 2023	Jun. 30, 2023
Assets
Cash and due from banks	$ 11,026,868	$ 5,515,728
Available-for-sale debt securities	101,527,478
Available-for-sale debt securities		70,585,194
Loans, net of allowance for credit losses of $439,239 at September 30, 2023 and $263,422 June 30, 2023 respectively	92,264,825
Loans, net of allowance for credit losses of $439,239 at September 30, 2023 and $263,422 June 30, 2023 respectively		81,208,395
Premises and equipment	1,509,190	1,409,347
Federal Home Loan Bank stock	702,800	396,800
Federal Reserve Bank Stock	536,000
Bank owned life insurance	5,253,525	5,223,496
Accrued interest receivable	604,034	498,807
Other assets	1,393,711	1,131,536
Total assets	214,818,431	165,969,303
Deposits
Demand	26,500,024	26,551,336
Savings and money market	38,123,901	42,019,749
Time	74,886,452	51,420,496
Total deposits	139,510,377	119,991,581
Advances from the Federal Home Loan Bank	13,000,000	6,200,000
Advances from Federal Reserve Bank	23,000,000
Advances from borrowers for taxes and insurance	471,736	628,795
Accrued interest payable and other liabilities	1,312,367	650,927
Total liabilities	177,294,480	127,471,303
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, 2023	19,229	19,229
Additional paid-in capital	17,875,071	17,875,071
Unearned ESOP	(1,461,422)	(1,461,422)
Retained earnings	24,424,456	24,916,481
Accumulated other comprehensive loss	(3,333,383)	(2,851,359)
Total shareholders' equity	37,523,951	38,498,000
Total liabilities and shareholders' equity	$ 214,818,431	$ 165,969,303

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($)	Sep. 30, 2023	Jun. 30, 2023
Condensed Consolidated Balance Sheets
Allowance for credit losses	$ 439,239
Allowance for credit losses		$ 263,422
Preferred stock, Par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, Shares authorized	1,000,000	1,000,000
Preferred stock, Shares issued	0	0
Common stock, Par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, Shares authorized	14,000,000	14,000,000
Common stock, Shares, issued	1,922,924

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($)	3 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Interest Income
Loans	$ 889,674	$ 687,077
Investment securities	1,045,771	194,217
Interest-bearing deposits and other	145,300	139,877
Total interest income	2,080,745	1,021,171
Interest Expense
Deposits	703,333	71,213
Federal Home Loan Bank and Federal Reserve Bank advances	292,981
Total interest expense	996,314	71,213
Net Interest Income	1,084,431	949,958
Provision for Credit Losses	129,022
Provision for Credit Losses - Off Balance Sheet Credit Exposure	(357)
Credit Loss Expense	128,665
Net Interest Income After Provision for Credit Losses	955,766	949,958
Noninterest Income
Bank owned life insurance	30,029	27,426
Gain on disposal of assets	2,866
Other income	11,437	26,750
Total noninterest income	44,332	54,176
Noninterest Expense
Salaries and employee benefits	714,781	385,518
Directors fees	45,700	35,000
Occupancy and equipment	136,410	50,582
Data processing fees	84,269	62,332
Franchise taxes	41,195	38,825
FDIC insurance premiums	19,038	9,900
Professional services	195,946	155,696
Loss on sale of investment securities	1,951
Loss on sale of foreclosed property	2,436
Other	320,917	85,034
Total noninterest expense	1,562,643	822,887
(Loss) Income before income taxes	(562,545)	181,247
Provision for income taxes (benefits)	(123,686)	26,470
Net (Loss) Income	$ (438,859)	$ 154,777
Earnings (Loss) per share-basic (in dollars per share)	$ (0.25)	$ 0.10
Earnings (Loss) per share-diluted (in dollars per share)	$ (0.25)	$ 0.10
Weighted average shares outstanding - basic (in shares)	1,776,782	1,519,110
Weighted average shares outstanding - diluted (in shares)	1,776,782	1,519,110

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Loss - USD ($)	3 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Condensed Consolidated Statements of Comprehensive Loss
Net income (loss)	$ (438,859)	$ 154,777
Other comprehensive loss:
Net unrealized losses on available-for-sale securities	(610,158)	(1,094,445)
Tax benefit	128,134	229,834
Other comprehensive loss	(482,024)	(864,611)
Comprehensive loss	$ (920,883)	$ (709,834)

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Changes in Shareholders' Equity - USD ($)	Common stock Adjusted Balance	Common stock	Additional Paid-in Capital Adjusted Balance	Additional Paid-in Capital	Unearned ESOP Shares Adjusted Balance	Unearned ESOP Shares	Retained Earnings Adjustment	Retained Earnings Adjusted Balance	Retained Earnings	Accumulated Other Comprehensive Loss Adjusted Balance	Accumulated Other Comprehensive Loss	Adjustment	Adjusted Balance	Total
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 (loss)									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
Beginning balance (ASU 2016-13) at Jun. 30, 2023							$ (53,166)					$ (53,166)
Beginning balance at Jun. 30, 2023	$ 19,229	19,229	$ 17,875,071	17,875,071	$ (1,461,422)	(1,461,422)		$ 24,863,315	24,916,481	$ (2,851,359)	(2,851,359)		$ 38,444,834	38,498,000
Net income (loss)									(438,859)					(438,859)
Other comprehensive loss											(482,024)			(482,024)
Ending balance at Sep. 30, 2023		$ 19,229		$ 17,875,071		$ (1,461,422)			$ 24,424,456		$ (3,333,383)			$ 37,523,951

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows - USD ($)	3 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Operating Activities
Net (loss) income	$ (438,859)	$ 154,777
Items not requiring (providing) cash:
Depreciation and amortization	19,708	15,187
Amortization of premiums and discounts	(78,192)	18,844
Deferred income taxes	123,066	11,643
Provision for Credit Losses	129,022
Loss on sale of investment securities	1,951
Loss on sale of other assets owned	2,436
Gain on disposal of assets	(2,866)
Increase in cash surrender value of bank-owned life insurance	(30,029)	(27,426)
ESOP compensation expense	28,844	55,228
Changes in:
Accrued interest receivable	(105,227)	(101,582)
Other assets and liabilities	107,489	1,001,778
Net cash (used in) provided by operating activities	(242,657)	1,128,449
Investing Activities
Net change in interest-bearing time deposits		490,000
Purchases of available-for-sale securities	(36,971,788)	(17,251,471)
Proceeds from sales of available-for-sale securities	2,989,042	0
Proceeds from calls, maturities and paydowns of available-for-sale securities	2,506,545	570,021
Proceeds from sale of other assets owned	27,303
Net change in loans	(11,268,357)	(1,387,960)
Purchase of premises and equipment	(116,685)
Purchase of FHLB stock	(505,900)
Proceeds from redemption of FHLB stock	199,900	344,200
Purchase of FRB stock	(268,000)
Net cash used in investing activities	(43,407,940)	(17,235,210)
Financing Activities
Net increase (decrease) in deposit accounts	19,518,796	(4,030,181)
Proceeds from FHLB advances	13,000,000
Repayment of FHLB advances	(6,200,000)
Proceeds from FRB advances	23,000,000
Net change in advances by borrowers for taxes and insurance	(157,059)	(141,822)
Proceeds from issuance of common stock		1,011,257
Net cash provided by (used in) financing activities	49,161,737	(3,160,746)
Increase (Decrease) in Cash and Cash Equivalents	5,511,140	(19,267,507)
Cash and Cash Equivalents, Beginning of Period	5,515,728	36,711,842
Cash and Cash Equivalents, End of Period	11,026,868	17,444,335
Cash paid during the period for:
Interest on deposits and borrowings	715,278	71,888
Supplemental Disclosure of Noncash Financing Activities
Transfers from stock subscriptions to common stock and additional paid-in capital		$ 15,315,230
Loans transferred to OREO	$ 29,739

Nature of Operations and Summar

Nature of Operations and Summary of Significant Accounting Policies	3 Months Ended
	Sep. 30, 2023
Nature of Operations and Summary of Significant Accounting Policies
Nature of Operations and Summary of Significant Accounting Policies	Note 1: Principles of Consolidation The consolidated financial statements include the accounts of VWF Bancorp, Inc. (“VWF Bancorp’ or the “Company”) and its wholly owned subsidiary, Van Wert Federal Savings Bank (“Van Wert Federal” or the “Bank”). All intercompany transactions and balances have been eliminated in consolidation. 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. VWFB shares began trading on OTCQX on June 30, 2023 under the symbol “VWFB”. 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, which is the sole subsidiary of the Company, is a federally chartered mutual thrift engaged primarily in the business of making residential mortgage loans, commercial 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. Effective June 23, 2023, the Bank elected to operate as a “covered savings association” (“CSA”). A CSA has the same rights and privileges as a national bank that has its main office situated in the same location as the home office of the CSA and is subject to the same duties, restrictions, penalties, liabilities, conditions, and limitations that would apply to such a national bank. Interim Financial Statements The interim unaudited consolidated financial statements as of September 30, 2023, and for the three months ended September 30, 2023 and 2022, 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 the consolidated 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, 2023, are not necessarily indicative of the results to be achieved for the remainder of the year ending June 30, 2024, 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, 2023 and 2022 contained in the Company’s Form 10-K for the fiscal year ended June 30, 2023, filed with the Securities and Exchange Commission on October 6, 2023. 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 credit 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. Reclassifications Certain reclassifications have been made to the September 30, 2022 consolidated financial statements to confirm to the September 30, 2023 consolidated financial statement presentation. These reclassifications had no effect on net earnings. Debt Securities Debt securities held by the Bank generally are classified and recorded in the financial statements as follows: Classified as ​ Description ​ Recorded at Held to maturity (HTM) ​ Certain debt securities that management has the positive intent and ability to hold to maturity ​ Amortized cost ​ ​ ​ ​ ​ ​ ​ Trading ​ Securities that are bought and held principally for the purpose of selling in the near term and, therefore, held for only a short period of time ​ Fair value, with changes in fair value included in earnings ​ ​ ​ ​ ​ ​ ​ Available for sale (AFS) ​ Securities not classified as HTM or trading ​ Fair value, with unrealized gains and losses excluded from earnings and reported in other comprehensive income ​ ​ Purchase premiums and discounts are recognized in interest income using the interest method over the terms of the securities, identified as the call date as to premiums and maturity date as to discounts. Gains and losses on the sale of securities are recorded on the trade date and are determined using the specific identification method. Subsequent to adoption of ASC 326 on July 1, 2023: Effective July 1, 2023, the Company uses a current expected credit loss ("CECL") model to estimate the allowance for credit losses on debt securities. For available-for-sale debt securities in an unrealized loss position, management first assesses whether it intends to sell, or it is more likely than not that it will be required to sell, the security before recovery of its amortized cost basis. If either of the criteria regarding intent or requirement to sell is met, the security's amortized cost basis is written down to fair value through income. For available-for-sale debt securities that do not meet the aforementioned criteria, the Company evaluates whether the decline in fair value has resulted from credit losses or other factors. In making this assessment, management considers the extent to which fair value is less than amortized cost, any changes to the rating of the security by a rating agency, and adverse conditions specifically related to the security, among other factors. If this assessment indicates that a credit loss exists, the present value of cash flows expected to be collected from the security are compared to the amortized cost basis of the security. If the present value of cash flows expected to be collected is less than the amortized cost basis, a credit loss exists and an allowance for credit losses is recorded for the credit loss, limited by the amount that the fair value is less than the amortized cost basis. Any decline in fair value that has not been recorded through an allowance for credit losses is recognized in other comprehensive income, net of applicable taxes. Prior to adoption of ASC 326 on July 1, 2023: Prior to July 1, 2023, when the fair value of securities was below amortized cost, the Bank’s accounting treatment for an other-than-temporary impairment (OTTI) was as follows: ​ ​ Accounting Treatment for OTTI ​ ​ Components ​ Circumstances of Impairment Credit Remaining ​ Considerations ​ Component ​ Portion ​ Not intended for sale and more likely than not that the Bank will not have to sell before recovery of cost basis ​ Recognized in earnings ​ Recognized in other comprehensive income ​ ​ ​ ​ ​ ​ ​ Intended for sale or more likely than not that the Bank will be required to sell before recovery of cost basis ​ Recognized in earnings ​ ​ For held-to-maturity debt securities, the amount of OTTI recorded in other comprehensive income for the noncredit portion of a previous OTTI was amortized prospectively over the remaining life of the security on the basis of the timing of future estimated cash flows of the security. When a credit loss component was separately recognized in earnings, the amount is identified as the total of principal cash flows not expected to be received over the remaining term of the security, as projected based on cash flow projections. The Company recognized no other-than-temporary impairments during the three months ended September 30, 2022. 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 credit 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. The past due status of a loan is based on the contractual terms in the loan agreement. The accrual of interest on a loan is discontinued when the loan becomes 90 days delinquent or whenever management believes the borrower will be unable to make payments as they become due. When loans are placed on nonaccrual status or charged off, all unpaid accrued interest is reversed against interest income. The interest on these loans is subsequently accounted for on the cash basis if collection of the remaining recorded investment in the loan is still expected or using the cost-recovery method when collection of the remaining recorded investment is in doubt. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured. 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. Allowance for Credit Losses The Company adopted ASU No. 2016-13 and began accounting for credit losses under ASC 326, Financial Instruments - Credit Losses, on July 1, 2023. The new standard significantly changed the impairment model for most financial assets that are measured at amortized cost, including off-balance sheet credit exposures, from an incurred loss impairment model to an expected credit loss model. Refer to the "New Accounting Pronouncements " section of this note for more information on the impact to the consolidated financial statements. The allowance for credit losses on loans is a valuation allowance that is deducted from the loans' amortized cost basis to present the net amount expected to be collected on the Company's loan portfolio. The allowance for credit losses on loans is established through provisions for credit losses charged against earnings. When available information confirms that specific loans, or portions thereof, are uncollectible, these amounts are charged against the allowance for credit losses on loans, and subsequent recoveries, if any, are credited to the allowance for credit losses on loans. Subsequent to adoption of ASC 326 on July 1, 2023: Effective July 1, 2023, the Company uses a current expected credit loss ("CECL") model to estimate the allowance for credit losses on loans. The CECL model considers historical loss rates and other qualitative adjustments, as well as a new forward-looking component that considers reasonable and supportable forecasts over the expected life of each loan. To develop the allowance for credit losses on loans estimate under the CECL model, the Company segments the loan portfolio into loan pools based on loan type and similar credit risk elements; performs an individual evaluation of certain collateral dependent and other credit-deteriorated loans; calculates the historical loss rates for the segmented loan pools; applies the loss rates over the calculated life of the collectively evaluated loan pools; adjusts for forecasted macro-level economic conditions and other anticipated changes in credit quality; and determines qualitative adjustments based on factors and conditions unique to the Company's loan portfolio. Under the CECL model, loans that do not share similar risk characteristics with loans in their respective pools are individually evaluated for expected credit losses and are excluded from the collectively evaluated loan credit loss estimates. Management individually evaluates nonaccrual loans and other loans with evidence of credit deterioration. For loans individually evaluated, a specific reserve is estimated based on either the fair value of collateral or the discounted value of expected future cash flows. A loan is considered to be collateral dependent when, based upon management's assessment, the borrower is experiencing financial difficulty and repayment is expected to be provided substantially through the operation or sale of the collateral. For collateral dependent loans, expected credit losses are based on the fair value of the collateral as of the date of the consolidated balance sheet, with consideration for estimated selling costs if satisfaction of the loan depends on the sale of the collateral. Management evaluates all collectively evaluated loan pools using the weighted average remaining life ("WARM") methodology. The WARM methodology applies calculated quarterly net loss rates to collectively evaluated loan pools on a periodic basis based on the estimated remaining life of each pool. The estimated losses under the remaining life methodology are then adjusted for qualitative factors deemed appropriate by management. The estimated remaining life of each pool is determined using annual, pool-based attrition measurements using the Company's loan-level historical data. The Company's historical call report data is utilized for historical loss rate calculations, and the lookback period for each collectively evaluated loan pool is determined by management based upon management’s evaluation of what historical data is most reflective indicator of expected losses. Forecasted historical loss rates are calculated using the Company's historical data based on the lookback, forecast, and reversion period inputs by management. Management elected to utilize an 8-quarter forecast period, with immediate reversion to historical losses after the forecast period. The quantitative analysis described above is supplemented with other qualitative factors based on the risks present for each collectively evaluated loan pool. These qualitative factors include: changes in lending policies and practices; changes in international, national, regional, and local business conditions; changes in the nature and volume of the portfolio and in terms of loans; changes in lending staff; changes in the volume and severity of past due loans; changes in the quality of the Company’s loan review system; changes in the value of underlying collateral; existence and effect of any concentrations of credit risk and changes in the levels of concentrations; and the effect of other external factors such as competition. In addition to the allowance for credit losses on loans, the Company maintains a reserve for unfunded loan commitments at a level that management believes is adequate to absorb estimated probable credit losses over the contractual terms of the Company's noncancellable loan commitments. The reserve for unfunded commitments, which is included in Accrued interest payable and other liabilities on the accompanying consolidated balance, is established through provisions for credit losses charged against earnings. Unfunded loan commitments are segmented into the same pools used for estimating the allowance for credit losses on loans. Estimated credit losses on unfunded loan commitments are based on the same methodology, inputs, and assumptions used to estimate credit losses on collectively evaluated loans, adjusted for estimated funding probabilities. The estimated funding probabilities represent management's estimate of the amount of the current unfunded loan commitment that will be funded over the remaining contractual life of the commitment and is based on historical data, when available, or as determined by management when historical data is not available. The Company may modify loans to borrowers experiencing financial difficulty and grant certain concessions that include principal forgiveness, a term extension, an other-than-insignificant payment delay, an interest rate reduction, or a combination of these concessions. An assessment of whether the borrower is experiencing financial difficulty is made at the time of the loan modification. Upon the Company's determination that a modified loan (or portion of a loan) has subsequently been deemed uncollectible, the loan (or portion of the loan) is written off. Therefore, the amortized cost basis of the loan is reduced by the uncollectible amount and the allowance for credit losses is adjusted by the same amount. Prior to adoption of ASC 326 on July 1, 2023: Prior to July 1, 2023, the Company used an incurred loss impairment model to estimate the allowance for credit losses on loans. This methodology assessed the overall appropriateness of the allowance for credit losses on loans and included allocations for specifically identified impaired loans and loss factors for all remaining loans, with a component primarily based on historical loss rates and another component primarily based on other qualitative factors. Under the incurred loss impairment model, the allowance for loan losses was 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. When historical data was not available, management relied upon available peer data. The allowance for loan losses under the incurred loss impairment model consisted of allocated and general components. The allocated component related to loans that were classified as impaired. For those loans that were classified as impaired, an allowance was established when the discounted cash flows (or collateral value or observable market price) of the impaired loan was lower than the carrying value of that loan. The general component covered nonimpaired loans and was based on historical charge-off experience by segment. The historical loss experience was determined by portfolio segment and was based on the actual loss history experienced by the Company over the prior three years. Other adjustments (qualitative/environmental considerations) for each segment were added to the allowance for each loan segment after an assessment of internal or external influences on credit quality that were not fully reflected in the historical loss or risk rating data. Under the incurred loss impairment model, a loan was considered impaired when, based on current information and events, it was probable that the Company would 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 included 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 were not classified as impaired. Management determined 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 was 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 Company utilized the discounted cash flows to determine the level of impairment, the Company included the entire change in the present value of cash flows as bad debt expense. The fair values of collateral dependent impaired loans were based on independent appraisals of the collateral. In general, the Company acquired an updated appraisal upon identification of impairment and annually thereafter for commercial, commercial real estate and multi-family loans. If the most recent appraisal was over a year old, and a new appraisal was 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 was calculated based on the determined collateral value less selling expenses. The potential for outdated appraisal values was considered in the determination of the allowance for loan losses through 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 Company. Under the incurred loss impairment model, segments of loans with similar risk characteristics were 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 Company did not separately identify individual consumer and residential loans for impairment measurements, unless such loans were the subject of a restructuring agreement due to financial difficulties of the borrower. Prior to the adoption of ASU 2022-02, any loans that are modified were reviewed by the Company to identify if a troubled debt restructuring (TDR) had occurred, which was when, for economic or legal reasons related to a borrower’s financial difficulties, the Company granted a concession to the borrower that it would not otherwise consider. With regard to determination of the amount of the allowance for loan losses, troubled debt restructured loans were considered to be impaired. As a result, the determination of the amount of impaired loans for each portfolio segment within troubled debt restructurings was 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 (Loss) Per Share Basic earnings (loss) per share (“EPS”) excludes dilution and is calculated by dividing net income (loss) 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, 2023. 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, 2023 and 2022 is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ ​ September 30, ​ ​ 2023 ​ 2022 ​ ​ (Unaudited) Net income (loss) ​ $ (438,859) ​ $ 154,777 ​ ​ ​ ​ ​ ​ ​ Shares outstanding for basic and diluted loss per share: ​ ​ ​ ​ ​ ​ Weighted-average shares issued ​ ​ 1,922,924 ​ ​ 1,651,206 Less weighted-average unearned ESOP shares ​ ​ (146,142) ​ ​ (132,096) Weighted-average shares outstanding - basic and diluted ​ ​ 1,776,782 ​ ​ 1,519,110 ​ ​ ​ ​ ​ ​ ​ Basic and diluted earnings (loss) per share ​ $ (0.25) ​ $ 0.10 ​

Recent Accounting Pronouncement

Recent Accounting Pronouncements	3 Months Ended
	Sep. 30, 2023
Recent Accounting Pronouncements
Recent Accounting Pronouncements	Note 2: Accounting Standards Adopted in 2023 The Company recently adopted the following Accounting Standards Updates (“ASU”) issued by the Financial Accounting Standards Board (“FASB”). ASU No. 2016-13, Measurement of Credit Losses on Financial Instruments – This standard significantly changes how financial assets measured at amortized cost are presented. Such assets, which include most loans, are presented at the net amount expected to be collected over their remaining contractual lives. Estimated credit losses are based on relevant information about historical experience, current conditions, and reasonable and supportable forecasts that affect the collectibility of the reported amounts. The standard also changes the accounting for credit losses related to available-for-sale securities. The Company adopted ASU No. 2016-13 on July 1, 2023, and recorded a cumulative effect adjustment of $53,000 to retained earnings . Results for the three months ended September 30, 2023, are presented under Accounting Standards Codification (“ASC”) 326 while prior period amounts continue to be reported in accordance with previously applicable accounting standards generally accepted in the United States (“US GAAP”). See Debt Securities, Loans, and Allowance for Credit Losses on Loans and Unfunded Commitments below for changes to accounting policies and see Notes 3 and 4 for additional disclosures related to this new accounting pronouncement. ASU No. 2022-02, Troubled Debt Restructurings and Vintage Disclosures, Topic 326 (Financial Instruments-Credit Losses) – This standard eliminates the recognition and measurement guidance for troubled debt restructurings by creditors under ASC Subtopic 310-40, Receivables-Troubled Debt Restructurings by Creditors, and, instead, requires the Company to evaluate (consistent with other loan modification accounting standards) whether a loan modification represents a new loan or a continuation of an existing loan. The amendments to the standard also enhance existing disclosure requirements, and introduce new requirements related to certain modifications of loans made to borrowers experiencing financial difficulty. The Company adopted ASU No. 2022-02 on July 1, 2023, on a prospective basis. See Note 4 for new disclosures related to the new accounting standard.

Debt Securities

Debt Securities	3 Months Ended
	Sep. 30, 2023
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, 2023 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. Treasury bills ​ $ 15,992,936 ​ $ — ​ $ 11,656 ​ $ 15,981,280 U.S. Government agencies ​ ​ 7,000,000 ​ ​ — ​ ​ 480,040 ​ ​ 6,519,960 Mortgage-backed Government ​ ​ ​ ​ Sponsored Enterprises (GSEs) ​ 33,812,942 ​ — ​ 2,452,484 ​ 31,360,458 Collateralized mortgage obligations (CMOs) ​ ​ 43,464,999 ​ ​ 43,965 ​ ​ 361,112 ​ ​ 43,147,852 Subordinated debt ​ ​ 1,000,000 ​ ​ — ​ ​ 164,245 ​ ​ 835,755 State and political subdivisions ​ 4,558,407 ​ — ​ 876,234 ​ 3,682,173 ​ ​ $ 105,829,284 ​ $ 43,965 ​ $ 4,345,771 ​ $ 101,527,478 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gross Gross ​ ​ ​ ​ Amortized ​ Unrealized ​ Unrealized ​ Approximate ​ ​ Cost ​ Gains ​ Losses ​ Fair Value Available-for-sale Securities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2023 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. Government agencies ​ $ 7,000,000 ​ $ 1,410 ​ $ 471,900 ​ $ 6,529,510 Mortgage-backed Government ​ ​ ​ ​ Sponsored Enterprises (GSEs) ​ 31,081,408 ​ 961 ​ 2,153,110 ​ 28,929,259 Collateralized mortgage obligations ​ ​ 30,633,725 ​ ​ 12,253 ​ ​ 261,388 ​ ​ 30,384,590 Subordinated debt ​ ​ 1,000,000 ​ ​ — ​ ​ 139,530 ​ ​ 860,470 State and political subdivisions ​ 4,561,709 ​ — ​ 680,344 ​ 3,881,365 ​ ​ $ 74,276,842 ​ $ 14,624 ​ $ 3,706,272 ​ $ 70,585,194 ​ The amortized cost and fair value of available-for-sale securities at September 30, 2023, 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 : ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2023 ​ ​ Available-for-sale ​ ​ Amortized ​ Fair ​ Cost Value ​ (Unaudited) Within one year ​ $ 16,992,936 ​ $ 16,943,760 One to five years ​ 6,421,310 ​ 5,938,122 Five to ten years ​ 3,446,438 ​ 2,847,194 After ten years ​ 1,690,659 ​ 1,290,092 ​ ​ ​ 28,551,343 ​ ​ 27,019,168 Mortgage-backed GSE's and CMO's ​ 77,277,941 ​ 74,508,310 Totals ​ $ 105,829,284 ​ $ 101,527,478 ​ The carrying value of securities pledged as collateral, to secure public deposits and for other purposes, was $35,737,000 and $7,201,000 at September 30, 2023 and June 30, 2023, respectively. During the three months ended September 30, 2022, the Company had no sales of available for sale securities during the three months ended September 30, 2023. Such sales resulted in realized losses of 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, 2023 and June 30, 2023 was $88,976,028 and $61,878,925 which is approximately 88 percent and 88 percent, respectively, of the fair value of the Company’s total investment portfolio. Management believes that all unrealized losses at September 30, 2023 and June 30, 2023 resulted from temporary changes in interest rates and current market conditions and not a result of credit deterioration. Information related to unrealized losses in the investment portfolio as of September 30, 2023 and June 30, 2023 is summarized as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2023 ​ ​ Less than 12 Months 12 Months or More Total ​ ​ Fair Unrealized ​ Fair Unrealized ​ Fair Unrealized Description of Securities ​ Value ​ Losses ​ Value ​ Losses ​ Value ​ Losses ​ ​ (Unaudited) U.S. Treasury bills ​ $ 15,981,280 ​ $ 11,656 ​ $ — ​ $ — ​ $ 15,981,280 ​ $ 11,656 U.S. Government agencies ​ ​ 992,590 ​ ​ 7,410 ​ ​ 5,527,370 ​ ​ 472,630 ​ ​ 6,519,960 ​ ​ 480,040 Mortgage-backed Government ​ ​ ​ ​ ​ ​ Sponsored Enterprises (GSEs) ​ 18,633,037 ​ 212,834 ​ 12,727,421 ​ 2,239,650 ​ 31,360,458 ​ 2,452,484 Collateralized mortgage obligations ​ ​ 28,253,227 ​ ​ 288,409 ​ ​ 2,343,175 ​ ​ 72,703 ​ ​ 30,596,402 ​ ​ 361,112 Subordinated debt ​ ​ — ​ ​ — ​ ​ 835,755 ​ ​ 164,245 ​ ​ 835,755 ​ ​ 164,245 State and political subdivisions ​ — ​ — ​ 3,682,173 ​ 876,234 ​ 3,682,173 ​ 876,234 Total available-for-sale securities ​ $ 63,860,134 ​ $ 520,309 ​ $ 25,115,894 ​ $ 3,825,462 ​ $ 88,976,028 ​ $ 4,345,771 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2023 ​ ​ 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 ​ $ — ​ $ — ​ $ 5,528,100 ​ $ 471,900 ​ $ 5,528,100 ​ $ 471,900 Mortgage-backed Government ​ ​ ​ ​ ​ ​ Sponsored Enterprises (GSEs) ​ 17,561,545 ​ 278,848 ​ 11,312,858 ​ 1,874,262 ​ 28,874,403 ​ 2,153,110 Collateralized mortgage obligations ​ ​ 22,734,587 ​ ​ 261,388 ​ ​ — ​ ​ — ​ ​ 22,734,587 ​ ​ 261,388 Subordinated debt ​ ​ 860,470 ​ ​ 139,530 ​ ​ — ​ ​ — ​ ​ 860,470 ​ ​ 139,530 State and political subdivisions ​ 448,750 ​ 8,324 ​ 3,432,615 ​ 672,020 ​ 3,881,365 ​ 680,344 Total available-for-sale securities ​ $ 41,605,352 ​ $ 688,090 ​ $ 20,273,573 ​ $ 3,018,182 ​ $ 61,878,925 ​ $ 3,706,272 ​ ​ U.S. Government Agencies and State and Political Subdivisions and Subordinated Debt 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. Mortgage-backed GSE’s, Collateralized Mortgage Obligations Unrealized losses on these securities have not been recognized into income because the unrealized losses were caused by changes in interest rates and illiquidity, and not credit quality. 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 and the Company expects to recover the amortized cost basis over the term of the securities.

Loans and Allowance for Credit

Loans and Allowance for Credit Losses	3 Months Ended
	Sep. 30, 2023
Loans and Allowance for Loan Losses
Loans and Allowance for Loan Losses	Note 4: Categories of loans at September 30, 2023 and June 30, 2023 include: ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, June 30, ​ ​ ​ 2023 ​ 2023 ​ ​ (Unaudited) ​ ​ Real estate loans: ​ ​ ​ ​ ​ ​ ​ Commercial ​ $ 6,078,206 ​ $ 6,009,615 ​ Residential ​ 67,632,829 ​ 65,857,446 ​ Multifamily ​ 680,559 ​ 688,393 ​ Agricultural ​ 4,018,236 ​ 4,044,648 ​ Construction and land ​ 8,571,949 ​ 8,567,060 ​ Home equity line of credit (HELOC) ​ 499,481 ​ 355,296 ​ Commercial and industrial ​ ​ 7,403,816 ​ ​ 3,398,557 ​ Consumer ​ 877,316 ​ 801,476 ​ Total loans ​ 95,762,392 ​ 89,722,491 ​ Less: ​ ​ ​ Undisbursed loans in process ​ 3,009,490 ​ 8,202,918 ​ Net deferred loan fees ​ 48,838 ​ 47,756 ​ Allowance for credit losses ​ 439,239 ​ 263,422 ​ Net loans ​ $ 92,264,825 ​ $ 81,208,395 ​ ​ The following tables present the activity in the allowance for credit losses based on portfolio segment for the three months ended September 30, 2023 and 2022. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance ​ Adoption of ​ Provision (credit) ​ ​ ​ ​ ​ Balance ​ ​ June 30, 2023 ASC 326 ​ for loan losses Charge-offs Recoveries September 30, 2023 ​ ​ (Unaudited) Real estate loans: ​ ​ ​ ​ ​ ​ ​ Commercial ​ $ 27,379 ​ $ (2,203) ​ $ 15,316 ​ $ — ​ $ — ​ $ 40,492 Residential ​ 167,714 ​ 41,930 ​ 4,930 ​ — ​ — ​ 214,574 Multifamily ​ 1,786 ​ (9) ​ (20) ​ — ​ — ​ 1,757 Agricultural ​ 17,091 ​ (1,196) ​ (104) ​ — ​ — ​ 15,791 Construction and land ​ ​ 12,491 ​ ​ 10,144 ​ ​ 50,369 ​ ​ — ​ ​ — ​ ​ 73,004 HELOC ​ ​ 34,779 ​ ​ (33,888) ​ ​ 362 ​ ​ — ​ ​ — ​ ​ 1,253 Commercial and industrial ​ ​ 882 ​ ​ 31,562 ​ ​ 58,004 ​ ​ — ​ ​ — ​ ​ 90,448 Consumer ​ ​ 1,300 ​ ​ 455 ​ ​ 165 ​ ​ — ​ ​ — ​ ​ 1,920 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total ​ $ 263,422 ​ $ 46,795 ​ $ 129,022 ​ $ — ​ $ — ​ $ 439,239 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 ​ At September 30, 2023, the Company maintained a reserve for unfunded loan commitments totaling $20,146 , which is included in accrued interest payable and other liabilities on the accompanying consolidated balance sheet. As a part of the adoption of ASU No. 2016-13, the Company recorded an initial adjustment to the reserve for unfunded loan commitments of . The credit for credit losses on unfunded loan commitments totaled ​ The following tables present the balance in the allowance for credit losses and the recorded investment in loans based on portfolio segment as of September 30, 2023 and June 30, 2023 : ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Allowance for credit losses ​ Loans ​ ​ Individually Collectively Individually Collectively ​ ​ (Unaudited) September 30, 2023 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Real estate loans: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ $ — ​ $ 40,492 ​ $ — ​ $ 6,078,206 ​ Residential ​ ​ — ​ 214,574 ​ 414,058 ​ 66,567,684 ​ Multifamily ​ ​ — ​ 1,757 ​ — ​ 680,559 ​ Agricultural ​ ​ — ​ 15,791 ​ — ​ 4,018,236 ​ Construction and land ​ ​ — ​ 73,004 ​ — ​ 6,213,546 ​ HELOC ​ ​ — ​ 1,253 ​ — ​ 499,481 ​ Commercial and industrial ​ ​ — ​ 90,448 ​ — ​ 7,403,816 ​ Consumer ​ ​ — ​ 1,920 ​ — ​ 877,316 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total ​ $ — ​ $ 439,239 ​ $ 414,058 ​ $ 92,338,844 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Allowance for credit losses ​ Loans ​ ​ Individually Collectively Individually Collectively June 30, 2023 ​ ​ ​ ​ ​ Real estate loans: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ $ — ​ $ 27,379 ​ $ — ​ $ 6,009,615 ​ Residential ​ ​ 7 ​ 167,714 ​ 304,096 ​ 65,553,350 ​ Multifamily ​ ​ — ​ 1,786 ​ — ​ 688,393 ​ Agricultural ​ ​ — ​ 17,091 ​ — ​ 4,044,648 ​ Construction and land ​ ​ — ​ 12,491 ​ — ​ 8,567,060 ​ HELOC ​ ​ — ​ 34,779 ​ — ​ 355,296 ​ Commercial and industrial ​ ​ — ​ 882 ​ — ​ 3,398,557 ​ Consumer ​ ​ — ​ 1,300 ​ — ​ 801,476 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total ​ $ 7 ​ $ 263,422 ​ $ 304,096 ​ $ 89,418,395 ​ ​ The Company has adopted a standard loan grading system for all non-residential real estate loans 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) Internally prepared loan gradings for commercial loans are updated at least annually. Residential real estate and hom equity lines of credit are generally evaluated based on whether or not the loan is performing according to the contractual terms of the loans as of the consolidated balance sheet date. 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. Commercial and industrial loans considered collateral dependent are primarily secured by accounts receivable, inventory, equipment and real estate. 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. Some consumer loans are unsecured and have no underlying collateral. The following table reflects loan balances as of September 30, 2023 based on year of origination: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Revolving Loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amortized ​ ​ ​ ​ 2024 2023 2022 2021 2020 Prior ​ Cost Basis ​ Total September 30, 2023 (Unaudited) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass (1-3) $ 721,358 ​ $ 1,040,810 ​ $ 1,505,275 ​ $ 312,998 ​ $ 373,321 ​ $ 1,991,625 ​ $ — ​ $ 5,945,387 Monitor (4) ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 132,819 ​ ​ — ​ ​ 132,819 Special Mention (5) ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Substandard (6) ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Doubtful (7) ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Total commercial $ 721,358 ​ $ 1,040,810 ​ $ 1,505,275 ​ $ 312,998 ​ $ 373,321 ​ $ 2,124,444 ​ $ — ​ $ 6,078,206 Gross charge-offs $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Multifamily ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass (1-3) $ — ​ $ — ​ $ 680,559 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 680,559 Monitor (4) ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Special Mention (5) ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Substandard (6) ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Doubtful (7) ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Total multifamily $ — ​ $ — ​ $ 680,559 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 680,559 Gross charge-offs $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Agricultural ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass (1-3) $ — ​ $ 1,181,889 ​ $ 983,684 ​ $ 659,160 ​ $ 296,000 ​ $ 674,922 ​ $ — ​ $ 3,795,655 Monitor (4) ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 222,581 ​ ​ — ​ ​ 222,581 Special Mention (5) ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Substandard (6) ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Doubtful (7) ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Total agricultural $ — ​ $ 1,181,889 ​ $ 983,684 ​ $ 659,160 ​ $ 296,000 ​ $ 897,503 ​ $ — ​ $ 4,018,236 Gross charge-offs $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Construction and land ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass (1-3) $ 789,458 ​ $ 4,678,760 ​ $ 26,343 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 5,494,561 Monitor (4) ​ 533,403 ​ ​ — ​ ​ 2,506,553 ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 3,039,956 Special Mention (5) ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Substandard (6) ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 37,432 ​ ​ — ​ ​ 37,432 Doubtful (7) ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Total construction and land $ 1,322,861 ​ $ 4,678,760 ​ $ 2,532,896 ​ $ — ​ $ — ​ $ 37,432 ​ $ — ​ $ 8,571,949 Gross charge-offs $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial and industrial ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass (1-3) $ 6,895,684 ​ $ 216,961 ​ $ — ​ $ — ​ $ 291,171 ​ $ — ​ $ — ​ $ 7,403,816 Monitor (4) ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Special Mention (5) ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Substandard (6) ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Doubtful (7) ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Total commercial and industrial $ 6,895,684 ​ $ 216,961 ​ $ — ​ $ — ​ $ 291,171 ​ $ — ​ $ — ​ $ 7,403,816 Gross charge-offs $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Consumer ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass (1-3) $ 136,609 ​ $ 370,793 ​ $ 206,420 ​ $ 52,893 ​ $ 22,383 ​ $ 88,218 ​ $ — ​ $ 877,316 Monitor (4) ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Special Mention (5) ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Substandard (6) ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Doubtful (7) ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Total consumer $ 136,609 ​ $ 370,793 ​ $ 206,420 ​ $ 52,893 ​ $ 22,383 ​ $ 88,218 ​ $ — ​ $ 877,316 Gross charge-offs $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Performing $ 2,832,625 ​ $ 6,171,433 ​ $ 15,191,443 ​ $ 17,591,525 ​ $ 8,884,928 ​ $ 16,546,817 ​ $ — ​ $ 67,218,771 Nonperforming ​ — ​ ​ — ​ ​ 49,071 ​ ​ 38,980 ​ ​ — ​ ​ 326,007 ​ ​ — ​ ​ 414,058 Total residential $ 2,832,625 ​ $ 6,171,433 ​ $ 15,240,514 ​ $ 17,630,505 ​ $ 8,884,928 ​ $ 16,872,824 ​ $ — ​ $ 67,632,829 Gross charge-offs $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Home equity line of credit (HELOC) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Performing $ 90,630 ​ $ 29,166 ​ $ 122,435 ​ $ 72,996 ​ $ 44,067 ​ $ 140,187 ​ $ — ​ $ 499,481 Nonperforming ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Total residentail $ 90,630 ​ $ 29,166 ​ $ 122,435 ​ $ 72,996 ​ $ 44,067 ​ $ 140,187 ​ $ — ​ $ 499,481 Gross charge-offs $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ Information regarding the credit quality indicators most closely monitored for other than residential real estate loans by class as of June 30, 2023 follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Special ​ ​ ​ ​ ​ ​ ​ ​ Pass Monitor Mention Substandard Doubtful Total June 30, 2023 ​ ​ ​ ​ ​ ​ Real estate loans: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ $ 5,868,689 ​ $ 140,926 ​ $ — ​ $ — ​ $ — ​ $ 6,009,615 Multifamily ​ ​ 688,393 ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 688,393 Agricultural ​ 3,822,067 ​ 222,581 ​ — ​ — ​ — ​ 4,044,648 Construction and land ​ 5,254,192 ​ 3,274,936 ​ — ​ 37,932 ​ — ​ 8,567,060 Commercial and industrial ​ 3,398,557 ​ — ​ — ​ — ​ — ​ 3,398,557 Consumer ​ ​ 801,476 ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 801,476 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total loans ​ $ 19,833,374 ​ $ 3,638,443 ​ $ — ​ $ 37,932 ​ $ — ​ $ 23,509,749 ​ 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 June 30, 2023: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Performing Nonperforming Total June 30, 2023 ​ ​ ​ ​ ​ ​ ​ ​ ​ Real estate loans: ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential ​ $ 65,553,350 ​ $ 304,096 ​ $ 65,857,446 Home equity line of credit (HELOC) ​ ​ 355,296 ​ — ​ 355,296 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total ​ $ 65,908,646 ​ $ 304,096 ​ $ 66,212,742 ​ The Company evaluates the loan risk grading system definitions and allowance for credit losses methodology on an ongoing basis. No significant changes were made to either during the quarter ended September 30, 2023. The following tables present the Company’s loan portfolio aging analysis of the recorded investment in loans as of September 30, 2023 and June 30, 2023: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2023 ​ ​ ​ ​ ​ ​ ​ ​ 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 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 6,078,206 ​ $ 6,078,206 ​ $ — Residential ​ — ​ 644,301 ​ 196,715 ​ 841,016 ​ 66,791,813 ​ 67,632,829 ​ — Multifamily ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 680,559 ​ ​ 680,559 ​ ​ — Agricultural ​ — ​ — ​ — ​ — ​ 4,018,236 ​ 4,018,236 ​ — Construction and land ​ — ​ — ​ — ​ — ​ 8,571,949 ​ 8,571,949 ​ — HELOC ​ — ​ — ​ — ​ — ​ 499,481 ​ 499,481 ​ — Commercial and industrial ​ — ​ — ​ — ​ — ​ 7,403,816 ​ 7,403,816 ​ — Consumer ​ — ​ — ​ — ​ — ​ 877,316 ​ 877,316 ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total ​ $ — ​ $ 644,301 ​ $ 196,715 ​ $ 841,016 ​ $ 94,921,376 ​ $ 95,762,392 ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2023 ​ ​ ​ ​ ​ ​ ​ ​ 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 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 6,009,615 ​ $ 6,009,615 ​ $ — Residential ​ — ​ 616,352 ​ 117,395 ​ 733,747 ​ 65,123,699 ​ 65,857,446 ​ — Multifamily ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 688,393 ​ ​ 688,393 ​ ​ — Agricultural ​ — ​ — ​ — ​ — ​ 4,044,648 ​ 4,044,648 ​ — Construction and land ​ — ​ — ​ — ​ — ​ 8,567,060 ​ 8,567,060 ​ — HELOC ​ — ​ — ​ — ​ — ​ 355,296 ​ 355,296 ​ — Commercial and industrial ​ — ​ — ​ — ​ — ​ 3,398,557 ​ 3,398,557 ​ — Consumer ​ — ​ — ​ — ​ — ​ 801,476 ​ 801,476 ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total ​ $ — ​ $ 616,352 ​ $ 117,395 ​ $ 733,747 ​ $ 88,988,744 ​ $ 89,722,491 ​ $ — ​ ​ Information regarding collateral dependent loans as of September 30, 2023 is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of September 30, 2023 ​ ​ Recorded ​ Related ​ ​ Investment ​ Allowance ​ ​ (Unaudited) Real estate ​ ​ Commercial ​ $ — ​ $ — Residential ​ ​ 414,058 ​ ​ — Multifamily ​ ​ — ​ ​ — Agricultural ​ ​ — ​ ​ — Construction and land ​ ​ — ​ ​ — Home equity line of credit (HELOC) ​ ​ — ​ ​ — Commercial and industrial ​ — ​ — Consumer ​ — ​ — ​ ​ ​ ​ ​ ​ ​ Totals ​ $ 414,058 ​ $ — ​ Information about impaired loans as of June 30, 2023 is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of and for the year ended June 30, 2023 ​ ​ ​ ​ ​ Unpaid ​ ​ ​ ​ Average Balance of ​ Interest ​ ​ Recorded ​ Principal ​ Specific ​ Impaired ​ Income ​ Balance Balance Allowance Loans Recognized ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans without a specific valuation allowance: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Real estate ​ ​ ​ ​ ​ Residential ​ $ 243,764 ​ $ 243,764 ​ $ — ​ $ 248,057 ​ $ 7,456 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans with a specific valuation allowance: ​ ​ ​ ​ ​ Real estate ​ ​ ​ ​ ​ Residential ​ 60,332 ​ 60,332 ​ 7 ​ 61,670 ​ 3,886 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Totals ​ $ 304,096 ​ $ 304,096 ​ $ 7 ​ $ 309,727 ​ $ 11,342 ​ Information regarding nonaccrual loans as of September 30, 2023 and June 30, 2023 is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amortized Cost ​ ​ ​ Nonaccrual Loans ​ Nonaccrual Loans ​ ​ ​ ​ Total Nonaccrual ​ Interest Income ​ Basis of Loans 90+ ​ ​ ​ With No Allowance ​ With an Allowance ​ Total Nonaccrual ​ Loans at Beginning ​ Recognized on ​ Days Past Due ​ ​ ​ for Credit Losses ​ for Credit Losses Loans ​ of Year ​ Nonaccrual Loans ​ Not on Nonaccrual ​ September 30, 2023 (Unaudited) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Real estate loans: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ Residential ​ ​ 414,058 ​ ​ — ​ ​ 414,058 ​ ​ 304,096 ​ ​ — ​ ​ — ​ Multifamily ​ — ​ — ​ — ​ — ​ — ​ — ​ Agricultural ​ — ​ — ​ — ​ — ​ — ​ — ​ Construction and land ​ — ​ — ​ — ​ — ​ — ​ — ​ Home equity line of credit (HELOC) ​ — ​ — ​ — ​ — ​ — ​ — ​ Commercial and industrial ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ Consumer ​ — ​ — ​ — ​ — ​ — ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total ​ $ 414,058 ​ $ — ​ $ 414,058 ​ $ 304,096 ​ $ — ​ $ — ​ ​ There was no accrued interest written off by reversing interest income for the three months ended September 30, 2023 and 2022. During the three months ended September 30, 2023, there were no significant modifications of loans to borrowers who were experiencing financial difficulty. The Company did not provide any modification sunder these circumstances to borrowers. There were

Regulatory Matters

Regulatory Matters	3 Months Ended
	Sep. 30, 2023
Regulatory Matters
Regulatory Matters	Note 5: The Company 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 Company’s financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Company must meet specific capital guidelines that involve quantitative measures of the Company’s assets, liabilities and certain off-balance-sheet items as calculated under U.S. GAAP reporting requirements and regulatory capital standards. The Company’s capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings and other factors. Furthermore, the Company’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. If a qualifying depository institution, or depository institution holding company, elects to use such measure, such institution or holding company will be considered well capitalized if its ratio of Tier 1 capital to average total consolidated assets (i.e., leverage ratio) exceeds 9 percent, subject to a limited two

Disclosures about Fair Value of

Disclosures about Fair Value of Assets and Liabilities	3 Months Ended
	Sep. 30, 2023
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, 2023 and June 30, 2023: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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, 2023 (Unaudited) ​ ​ ​ ​ U.S. Treasury bills ​ $ 15,981,280 ​ $ — ​ $ 15,981,280 ​ $ — U.S. Government agencies ​ ​ 6,519,960 ​ ​ — ​ ​ 6,519,960 ​ ​ — Mortgage-backed GSEs ​ 31,360,458 ​ — ​ 31,360,458 ​ — Collateralized mortgage obligations ​ ​ 43,147,852 ​ ​ — ​ ​ 43,147,852 ​ ​ — Subordinated debt ​ ​ 835,755 ​ ​ — ​ ​ 835,755 ​ ​ — State and political subdivisions ​ 3,682,173 ​ — ​ 3,682,173 ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2023 ​ ​ ​ ​ U.S. Government agencies ​ $ 6,529,510 ​ $ — ​ $ 6,529,510 ​ $ — Mortgage-backed GSEs ​ 28,929,259 ​ — ​ 28,929,259 ​ — Collateralized mortgage obligations ​ ​ 30,384,590 ​ ​ — ​ ​ 30,384,590 ​ ​ — Subordinated debt ​ ​ 860,470 ​ ​ — ​ ​ 860,470 ​ ​ — State and political subdivisions ​ 3,881,365 ​ — ​ 3,881,365 ​ — ​ 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, 2023 and for the year ended June 30, 2023. 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, 2023. At June 30, 2023, the Company had , which is classified within Level 3 of the fair value hierarchy. The fair value of the loan is estimated using third-party appraisals of the collateral, less estimated costs to sell. ​ The estimated fair values of the Company’s financial instruments not carried at fair value on the consolidated balance sheets at September 30, 2023 and June 30, 2023 are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Carrying Fair Fair Value Measurements Using ​ Value Value (Level 1) (Level 2) (Level 3) September 30, 2023 (Unaudited) ​ ​ ​ ​ ​ Financial assets: ​ ​ ​ ​ ​ Cash and due from banks ​ $ 11,026,868 ​ $ 11,026,868 ​ $ 11,026,868 ​ $ — ​ $ — Loans, net ​ 92,264,825 ​ 82,964,010 ​ — ​ — ​ 82,964,010 FHLB Stock ​ 702,800 ​ 702,800 ​ — ​ 702,800 ​ — FRB Stock ​ 536,000 ​ 536,000 ​ — ​ 536,000 ​ — Accrued interest receivable ​ 604,034 ​ 604,034 ​ 604,034 ​ — ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial liabilities: ​ ​ ​ ​ ​ ​ ​ ​ Deposits ​ 139,510,377 ​ 140,049,925 ​ 64,623,925 ​ — ​ 75,426,000 Borrowings ​ ​ 36,000,000 ​ ​ 35,948,000 ​ ​ — ​ ​ — ​ ​ 35,948,000 Accrued interest payable ​ 336,703 ​ 336,703 ​ 336,703 ​ — ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2023 ​ ​ ​ ​ ​ Financial assets: ​ ​ ​ ​ ​ Cash and due from banks ​ $ 5,515,728 ​ $ 5,515,728 ​ $ 5,515,728 ​ $ — ​ $ — Loans, net ​ 81,208,395 ​ 73,268,657 ​ — ​ — ​ 73,268,657 FHLB Stock ​ 396,800 ​ 396,800 ​ — ​ 396,800 ​ — Accrued interest receivable ​ 498,807 ​ 498,807 ​ 498,807 ​ — ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ Deposits ​ 119,991,581 ​ 120,415,085 ​ 68,571,085 ​ — ​ 51,844,000 Borrowings ​ ​ 6,200,000 ​ ​ 6,191,000 ​ ​ — ​ ​ — ​ ​ 6,191,000 Accrued interest payable ​ 55,667 ​ 55,667 ​ 55,667 ​ — ​ — ​ Limitations:

Commitments

Commitments	3 Months Ended
	Sep. 30, 2023
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, 2023 and June 30, 2023 were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, June 30, ​ 2023 2023 ​ ​ ​ ​ ​ ​ ​ Commitments to originate loans ​ $ 2,390,519 ​ $ 7,028,000 Undisbursed balance of loans closed ​ 9,131,156 ​ 3,994,000 ​ ​ ​ ​ ​ ​ ​ Total ​ $ 11,521,675 ​ $ 11,022,000 ​

ESOP

ESOP	3 Months Ended
	Sep. 30, 2023
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 from 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, 2023, as loan payments are made annually at December 31 st for the three months ended September 30, 2023 and 2022, respectively. ​ At September 30, 2023, there were 7,692 shares allocated to participants and 146,142 unallocated shares. The fair value of unallocated ESOP shares totaled $1.9 million at September 30, 2023.

Defined Benefit Plan

Defined Benefit Plan	3 Months Ended
	Sep. 30, 2023
Defined Benefit Plan
Defined Benefit Plan	Note 9: Defined Benefit Plan ​ In connection with the withdrawal from the Pentegra Plan effective January 1, 2023, the Company established the Van Wert Federal Savings Bank Defined Benefit Plan (the “DB Plan”) as a qualified successor plan. As permitted under the DB Plan, the Company elected to terminate the DB Plan effective July 1, 2023. Pursuant to the DB Plan termination, all obligations due to the DB Plan participants will be satisfied during the year ended June 30, 2024. The difference in the amount recorded and the actual expense could be material.

Nature of Operations and Summ_2

Nature of Operations and Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Sep. 30, 2023
Nature of Operations and Summary of Significant Accounting Policies
Principles of Consolidation	Principles of Consolidation The consolidated financial statements include the accounts of VWF Bancorp, Inc. (“VWF Bancorp’ or the “Company”) and its wholly owned subsidiary, Van Wert Federal Savings Bank (“Van Wert Federal” or the “Bank”). All intercompany transactions and balances have been eliminated in consolidation.
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. VWFB shares began trading on OTCQX on June 30, 2023 under the symbol “VWFB”. 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, which is the sole subsidiary of the Company, is a federally chartered mutual thrift engaged primarily in the business of making residential mortgage loans, commercial 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. Effective June 23, 2023, the Bank elected to operate as a “covered savings association” (“CSA”). A CSA has the same rights and privileges as a national bank that has its main office situated in the same location as the home office of the CSA and is subject to the same duties, restrictions, penalties, liabilities, conditions, and limitations that would apply to such a national bank.
Interim Financial Statements	Interim Financial Statements The interim unaudited consolidated financial statements as of September 30, 2023, and for the three months ended September 30, 2023 and 2022, 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 the consolidated 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, 2023, are not necessarily indicative of the results to be achieved for the remainder of the year ending June 30, 2024, 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, 2023 and 2022 contained in the Company’s Form 10-K for the fiscal year ended June 30, 2023, filed with the Securities and Exchange Commission on October 6, 2023.
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 credit 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.
Reclassifications	Reclassifications Certain reclassifications have been made to the September 30, 2022 consolidated financial statements to confirm to the September 30, 2023 consolidated financial statement presentation. These reclassifications had no effect on net earnings.
Debt Securities	Debt Securities Debt securities held by the Bank generally are classified and recorded in the financial statements as follows: Classified as ​ Description ​ Recorded at Held to maturity (HTM) ​ Certain debt securities that management has the positive intent and ability to hold to maturity ​ Amortized cost ​ ​ ​ ​ ​ ​ ​ Trading ​ Securities that are bought and held principally for the purpose of selling in the near term and, therefore, held for only a short period of time ​ Fair value, with changes in fair value included in earnings ​ ​ ​ ​ ​ ​ ​ Available for sale (AFS) ​ Securities not classified as HTM or trading ​ Fair value, with unrealized gains and losses excluded from earnings and reported in other comprehensive income ​ ​ Purchase premiums and discounts are recognized in interest income using the interest method over the terms of the securities, identified as the call date as to premiums and maturity date as to discounts. Gains and losses on the sale of securities are recorded on the trade date and are determined using the specific identification method. Subsequent to adoption of ASC 326 on July 1, 2023: Effective July 1, 2023, the Company uses a current expected credit loss ("CECL") model to estimate the allowance for credit losses on debt securities. For available-for-sale debt securities in an unrealized loss position, management first assesses whether it intends to sell, or it is more likely than not that it will be required to sell, the security before recovery of its amortized cost basis. If either of the criteria regarding intent or requirement to sell is met, the security's amortized cost basis is written down to fair value through income. For available-for-sale debt securities that do not meet the aforementioned criteria, the Company evaluates whether the decline in fair value has resulted from credit losses or other factors. In making this assessment, management considers the extent to which fair value is less than amortized cost, any changes to the rating of the security by a rating agency, and adverse conditions specifically related to the security, among other factors. If this assessment indicates that a credit loss exists, the present value of cash flows expected to be collected from the security are compared to the amortized cost basis of the security. If the present value of cash flows expected to be collected is less than the amortized cost basis, a credit loss exists and an allowance for credit losses is recorded for the credit loss, limited by the amount that the fair value is less than the amortized cost basis. Any decline in fair value that has not been recorded through an allowance for credit losses is recognized in other comprehensive income, net of applicable taxes. Prior to adoption of ASC 326 on July 1, 2023: Prior to July 1, 2023, when the fair value of securities was below amortized cost, the Bank’s accounting treatment for an other-than-temporary impairment (OTTI) was as follows: ​ ​ Accounting Treatment for OTTI ​ ​ Components ​ Circumstances of Impairment Credit Remaining ​ Considerations ​ Component ​ Portion ​ Not intended for sale and more likely than not that the Bank will not have to sell before recovery of cost basis ​ Recognized in earnings ​ Recognized in other comprehensive income ​ ​ ​ ​ ​ ​ ​ Intended for sale or more likely than not that the Bank will be required to sell before recovery of cost basis ​ Recognized in earnings ​ ​ For held-to-maturity debt securities, the amount of OTTI recorded in other comprehensive income for the noncredit portion of a previous OTTI was amortized prospectively over the remaining life of the security on the basis of the timing of future estimated cash flows of the security. When a credit loss component was separately recognized in earnings, the amount is identified as the total of principal cash flows not expected to be received over the remaining term of the security, as projected based on cash flow projections. The Company recognized no other-than-temporary impairments during the three months ended September 30, 2022.
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 credit 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. The past due status of a loan is based on the contractual terms in the loan agreement. The accrual of interest on a loan is discontinued when the loan becomes 90 days delinquent or whenever management believes the borrower will be unable to make payments as they become due. When loans are placed on nonaccrual status or charged off, all unpaid accrued interest is reversed against interest income. The interest on these loans is subsequently accounted for on the cash basis if collection of the remaining recorded investment in the loan is still expected or using the cost-recovery method when collection of the remaining recorded investment is in doubt. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured. 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.
Allowance for Credit Losses	Allowance for Credit Losses The Company adopted ASU No. 2016-13 and began accounting for credit losses under ASC 326, Financial Instruments - Credit Losses, on July 1, 2023. The new standard significantly changed the impairment model for most financial assets that are measured at amortized cost, including off-balance sheet credit exposures, from an incurred loss impairment model to an expected credit loss model. Refer to the "New Accounting Pronouncements " section of this note for more information on the impact to the consolidated financial statements. The allowance for credit losses on loans is a valuation allowance that is deducted from the loans' amortized cost basis to present the net amount expected to be collected on the Company's loan portfolio. The allowance for credit losses on loans is established through provisions for credit losses charged against earnings. When available information confirms that specific loans, or portions thereof, are uncollectible, these amounts are charged against the allowance for credit losses on loans, and subsequent recoveries, if any, are credited to the allowance for credit losses on loans. Subsequent to adoption of ASC 326 on July 1, 2023: Effective July 1, 2023, the Company uses a current expected credit loss ("CECL") model to estimate the allowance for credit losses on loans. The CECL model considers historical loss rates and other qualitative adjustments, as well as a new forward-looking component that considers reasonable and supportable forecasts over the expected life of each loan. To develop the allowance for credit losses on loans estimate under the CECL model, the Company segments the loan portfolio into loan pools based on loan type and similar credit risk elements; performs an individual evaluation of certain collateral dependent and other credit-deteriorated loans; calculates the historical loss rates for the segmented loan pools; applies the loss rates over the calculated life of the collectively evaluated loan pools; adjusts for forecasted macro-level economic conditions and other anticipated changes in credit quality; and determines qualitative adjustments based on factors and conditions unique to the Company's loan portfolio. Under the CECL model, loans that do not share similar risk characteristics with loans in their respective pools are individually evaluated for expected credit losses and are excluded from the collectively evaluated loan credit loss estimates. Management individually evaluates nonaccrual loans and other loans with evidence of credit deterioration. For loans individually evaluated, a specific reserve is estimated based on either the fair value of collateral or the discounted value of expected future cash flows. A loan is considered to be collateral dependent when, based upon management's assessment, the borrower is experiencing financial difficulty and repayment is expected to be provided substantially through the operation or sale of the collateral. For collateral dependent loans, expected credit losses are based on the fair value of the collateral as of the date of the consolidated balance sheet, with consideration for estimated selling costs if satisfaction of the loan depends on the sale of the collateral. Management evaluates all collectively evaluated loan pools using the weighted average remaining life ("WARM") methodology. The WARM methodology applies calculated quarterly net loss rates to collectively evaluated loan pools on a periodic basis based on the estimated remaining life of each pool. The estimated losses under the remaining life methodology are then adjusted for qualitative factors deemed appropriate by management. The estimated remaining life of each pool is determined using annual, pool-based attrition measurements using the Company's loan-level historical data. The Company's historical call report data is utilized for historical loss rate calculations, and the lookback period for each collectively evaluated loan pool is determined by management based upon management’s evaluation of what historical data is most reflective indicator of expected losses. Forecasted historical loss rates are calculated using the Company's historical data based on the lookback, forecast, and reversion period inputs by management. Management elected to utilize an 8-quarter forecast period, with immediate reversion to historical losses after the forecast period. The quantitative analysis described above is supplemented with other qualitative factors based on the risks present for each collectively evaluated loan pool. These qualitative factors include: changes in lending policies and practices; changes in international, national, regional, and local business conditions; changes in the nature and volume of the portfolio and in terms of loans; changes in lending staff; changes in the volume and severity of past due loans; changes in the quality of the Company’s loan review system; changes in the value of underlying collateral; existence and effect of any concentrations of credit risk and changes in the levels of concentrations; and the effect of other external factors such as competition. In addition to the allowance for credit losses on loans, the Company maintains a reserve for unfunded loan commitments at a level that management believes is adequate to absorb estimated probable credit losses over the contractual terms of the Company's noncancellable loan commitments. The reserve for unfunded commitments, which is included in Accrued interest payable and other liabilities on the accompanying consolidated balance, is established through provisions for credit losses charged against earnings. Unfunded loan commitments are segmented into the same pools used for estimating the allowance for credit losses on loans. Estimated credit losses on unfunded loan commitments are based on the same methodology, inputs, and assumptions used to estimate credit losses on collectively evaluated loans, adjusted for estimated funding probabilities. The estimated funding probabilities represent management's estimate of the amount of the current unfunded loan commitment that will be funded over the remaining contractual life of the commitment and is based on historical data, when available, or as determined by management when historical data is not available. The Company may modify loans to borrowers experiencing financial difficulty and grant certain concessions that include principal forgiveness, a term extension, an other-than-insignificant payment delay, an interest rate reduction, or a combination of these concessions. An assessment of whether the borrower is experiencing financial difficulty is made at the time of the loan modification. Upon the Company's determination that a modified loan (or portion of a loan) has subsequently been deemed uncollectible, the loan (or portion of the loan) is written off. Therefore, the amortized cost basis of the loan is reduced by the uncollectible amount and the allowance for credit losses is adjusted by the same amount. Prior to adoption of ASC 326 on July 1, 2023: Prior to July 1, 2023, the Company used an incurred loss impairment model to estimate the allowance for credit losses on loans. This methodology assessed the overall appropriateness of the allowance for credit losses on loans and included allocations for specifically identified impaired loans and loss factors for all remaining loans, with a component primarily based on historical loss rates and another component primarily based on other qualitative factors. Under the incurred loss impairment model, the allowance for loan losses was 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. When historical data was not available, management relied upon available peer data. The allowance for loan losses under the incurred loss impairment model consisted of allocated and general components. The allocated component related to loans that were classified as impaired. For those loans that were classified as impaired, an allowance was established when the discounted cash flows (or collateral value or observable market price) of the impaired loan was lower than the carrying value of that loan. The general component covered nonimpaired loans and was based on historical charge-off experience by segment. The historical loss experience was determined by portfolio segment and was based on the actual loss history experienced by the Company over the prior three years. Other adjustments (qualitative/environmental considerations) for each segment were added to the allowance for each loan segment after an assessment of internal or external influences on credit quality that were not fully reflected in the historical loss or risk rating data. Under the incurred loss impairment model, a loan was considered impaired when, based on current information and events, it was probable that the Company would 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 included 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 were not classified as impaired. Management determined 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 was 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 Company utilized the discounted cash flows to determine the level of impairment, the Company included the entire change in the present value of cash flows as bad debt expense. The fair values of collateral dependent impaired loans were based on independent appraisals of the collateral. In general, the Company acquired an updated appraisal upon identification of impairment and annually thereafter for commercial, commercial real estate and multi-family loans. If the most recent appraisal was over a year old, and a new appraisal was 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 was calculated based on the determined collateral value less selling expenses. The potential for outdated appraisal values was considered in the determination of the allowance for loan losses through 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 Company. Under the incurred loss impairment model, segments of loans with similar risk characteristics were 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 Company did not separately identify individual consumer and residential loans for impairment measurements, unless such loans were the subject of a restructuring agreement due to financial difficulties of the borrower. Prior to the adoption of ASU 2022-02, any loans that are modified were reviewed by the Company to identify if a troubled debt restructuring (TDR) had occurred, which was when, for economic or legal reasons related to a borrower’s financial difficulties, the Company granted a concession to the borrower that it would not otherwise consider. With regard to determination of the amount of the allowance for loan losses, troubled debt restructured loans were considered to be impaired. As a result, the determination of the amount of impaired loans for each portfolio segment within troubled debt restructurings was the same as detailed previously.
Allowance for Loan Losses	Allowance for Credit Losses The Company adopted ASU No. 2016-13 and began accounting for credit losses under ASC 326, Financial Instruments - Credit Losses, on July 1, 2023. The new standard significantly changed the impairment model for most financial assets that are measured at amortized cost, including off-balance sheet credit exposures, from an incurred loss impairment model to an expected credit loss model. Refer to the "New Accounting Pronouncements " section of this note for more information on the impact to the consolidated financial statements. The allowance for credit losses on loans is a valuation allowance that is deducted from the loans' amortized cost basis to present the net amount expected to be collected on the Company's loan portfolio. The allowance for credit losses on loans is established through provisions for credit losses charged against earnings. When available information confirms that specific loans, or portions thereof, are uncollectible, these amounts are charged against the allowance for credit losses on loans, and subsequent recoveries, if any, are credited to the allowance for credit losses on loans. Subsequent to adoption of ASC 326 on July 1, 2023: Effective July 1, 2023, the Company uses a current expected credit loss ("CECL") model to estimate the allowance for credit losses on loans. The CECL model considers historical loss rates and other qualitative adjustments, as well as a new forward-looking component that considers reasonable and supportable forecasts over the expected life of each loan. To develop the allowance for credit losses on loans estimate under the CECL model, the Company segments the loan portfolio into loan pools based on loan type and similar credit risk elements; performs an individual evaluation of certain collateral dependent and other credit-deteriorated loans; calculates the historical loss rates for the segmented loan pools; applies the loss rates over the calculated life of the collectively evaluated loan pools; adjusts for forecasted macro-level economic conditions and other anticipated changes in credit quality; and determines qualitative adjustments based on factors and conditions unique to the Company's loan portfolio. Under the CECL model, loans that do not share similar risk characteristics with loans in their respective pools are individually evaluated for expected credit losses and are excluded from the collectively evaluated loan credit loss estimates. Management individually evaluates nonaccrual loans and other loans with evidence of credit deterioration. For loans individually evaluated, a specific reserve is estimated based on either the fair value of collateral or the discounted value of expected future cash flows. A loan is considered to be collateral dependent when, based upon management's assessment, the borrower is experiencing financial difficulty and repayment is expected to be provided substantially through the operation or sale of the collateral. For collateral dependent loans, expected credit losses are based on the fair value of the collateral as of the date of the consolidated balance sheet, with consideration for estimated selling costs if satisfaction of the loan depends on the sale of the collateral. Management evaluates all collectively evaluated loan pools using the weighted average remaining life ("WARM") methodology. The WARM methodology applies calculated quarterly net loss rates to collectively evaluated loan pools on a periodic basis based on the estimated remaining life of each pool. The estimated losses under the remaining life methodology are then adjusted for qualitative factors deemed appropriate by management. The estimated remaining life of each pool is determined using annual, pool-based attrition measurements using the Company's loan-level historical data. The Company's historical call report data is utilized for historical loss rate calculations, and the lookback period for each collectively evaluated loan pool is determined by management based upon management’s evaluation of what historical data is most reflective indicator of expected losses. Forecasted historical loss rates are calculated using the Company's historical data based on the lookback, forecast, and reversion period inputs by management. Management elected to utilize an 8-quarter forecast period, with immediate reversion to historical losses after the forecast period. The quantitative analysis described above is supplemented with other qualitative factors based on the risks present for each collectively evaluated loan pool. These qualitative factors include: changes in lending policies and practices; changes in international, national, regional, and local business conditions; changes in the nature and volume of the portfolio and in terms of loans; changes in lending staff; changes in the volume and severity of past due loans; changes in the quality of the Company’s loan review system; changes in the value of underlying collateral; existence and effect of any concentrations of credit risk and changes in the levels of concentrations; and the effect of other external factors such as competition. In addition to the allowance for credit losses on loans, the Company maintains a reserve for unfunded loan commitments at a level that management believes is adequate to absorb estimated probable credit losses over the contractual terms of the Company's noncancellable loan commitments. The reserve for unfunded commitments, which is included in Accrued interest payable and other liabilities on the accompanying consolidated balance, is established through provisions for credit losses charged against earnings. Unfunded loan commitments are segmented into the same pools used for estimating the allowance for credit losses on loans. Estimated credit losses on unfunded loan commitments are based on the same methodology, inputs, and assumptions used to estimate credit losses on collectively evaluated loans, adjusted for estimated funding probabilities. The estimated funding probabilities represent management's estimate of the amount of the current unfunded loan commitment that will be funded over the remaining contractual life of the commitment and is based on historical data, when available, or as determined by management when historical data is not available. The Company may modify loans to borrowers experiencing financial difficulty and grant certain concessions that include principal forgiveness, a term extension, an other-than-insignificant payment delay, an interest rate reduction, or a combination of these concessions. An assessment of whether the borrower is experiencing financial difficulty is made at the time of the loan modification. Upon the Company's determination that a modified loan (or portion of a loan) has subsequently been deemed uncollectible, the loan (or portion of the loan) is written off. Therefore, the amortized cost basis of the loan is reduced by the uncollectible amount and the allowance for credit losses is adjusted by the same amount. Prior to adoption of ASC 326 on July 1, 2023: Prior to July 1, 2023, the Company used an incurred loss impairment model to estimate the allowance for credit losses on loans. This methodology assessed the overall appropriateness of the allowance for credit losses on loans and included allocations for specifically identified impaired loans and loss factors for all remaining loans, with a component primarily based on historical loss rates and another component primarily based on other qualitative factors. Under the incurred loss impairment model, the allowance for loan losses was 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. When historical data was not available, management relied upon available peer data. The allowance for loan losses under the incurred loss impairment model consisted of allocated and general components. The allocated component related to loans that were classified as impaired. For those loans that were classified as impaired, an allowance was established when the discounted cash flows (or collateral value or observable market price) of the impaired loan was lower than the carrying value of that loan. The general component covered nonimpaired loans and was based on historical charge-off experience by segment. The historical loss experience was determined by portfolio segment and was based on the actual loss history experienced by the Company over the prior three years. Other adjustments (qualitative/environmental considerations) for each segment were added to the allowance for each loan segment after an assessment of internal or external influences on credit quality that were not fully reflected in the historical loss or risk rating data. Under the incurred loss impairment model, a loan was considered impaired when, based on current information and events, it was probable that the Company would 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 included 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 were not classified as impaired. Management determined 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 was 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 Company utilized the discounted cash flows to determine the level of impairment, the Company included the entire change in the present value of cash flows as bad debt expense. The fair values of collateral dependent impaired loans were based on independent appraisals of the collateral. In general, the Company acquired an updated appraisal upon identification of impairment and annually thereafter for commercial, commercial real estate and multi-family loans. If the most recent appraisal was over a year old, and a new appraisal was 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 was calculated based on the determined collateral value less selling expenses. The potential for outdated appraisal values was considered in the determination of the allowance for loan losses through 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 Company. Under the incurred loss impairment model, segments of loans with similar risk characteristics were 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 Company did not separately identify individual consumer and residential loans for impairment measurements, unless such loans were the subject of a restructuring agreement due to financial difficulties of the borrower. Prior to the adoption of ASU 2022-02, any loans that are modified were reviewed by the Company to identify if a troubled debt restructuring (TDR) had occurred, which was when, for economic or legal reasons related to a borrower’s financial difficulties, the Company granted a concession to the borrower that it would not otherwise consider. With regard to determination of the amount of the allowance for loan losses, troubled debt restructured loans were considered to be impaired. As a result, the determination of the amount of impaired loans for each portfolio segment within troubled debt restructurings was 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 (Loss) Per Share	Earnings (Loss) Per Share Basic earnings (loss) per share (“EPS”) excludes dilution and is calculated by dividing net income (loss) 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, 2023. 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, 2023 and 2022 is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ ​ September 30, ​ ​ 2023 ​ 2022 ​ ​ (Unaudited) Net income (loss) ​ $ (438,859) ​ $ 154,777 ​ ​ ​ ​ ​ ​ ​ Shares outstanding for basic and diluted loss per share: ​ ​ ​ ​ ​ ​ Weighted-average shares issued ​ ​ 1,922,924 ​ ​ 1,651,206 Less weighted-average unearned ESOP shares ​ ​ (146,142) ​ ​ (132,096) Weighted-average shares outstanding - basic and diluted ​ ​ 1,776,782 ​ ​ 1,519,110 ​ ​ ​ ​ ​ ​ ​ Basic and diluted earnings (loss) per share ​ $ (0.25) ​ $ 0.10 ​

Nature of Operations and Summ_3

Nature of Operations and Summary of Significant Accounting Policies (Tables)	3 Months Ended
	Sep. 30, 2023
Nature of Operations and Summary of Significant Accounting Policies
Schedule of weighted-average common shares outstanding for both basic and diluted EPS	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ ​ September 30, ​ ​ 2023 ​ 2022 ​ ​ (Unaudited) Net income (loss) ​ $ (438,859) ​ $ 154,777 ​ ​ ​ ​ ​ ​ ​ Shares outstanding for basic and diluted loss per share: ​ ​ ​ ​ ​ ​ Weighted-average shares issued ​ ​ 1,922,924 ​ ​ 1,651,206 Less weighted-average unearned ESOP shares ​ ​ (146,142) ​ ​ (132,096) Weighted-average shares outstanding - basic and diluted ​ ​ 1,776,782 ​ ​ 1,519,110 ​ ​ ​ ​ ​ ​ ​ Basic and diluted earnings (loss) per share ​ $ (0.25) ​ $ 0.10 ​

Debt Securities (Tables)

Debt Securities (Tables)	3 Months Ended
	Sep. 30, 2023
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, 2023 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. Treasury bills ​ $ 15,992,936 ​ $ — ​ $ 11,656 ​ $ 15,981,280 U.S. Government agencies ​ ​ 7,000,000 ​ ​ — ​ ​ 480,040 ​ ​ 6,519,960 Mortgage-backed Government ​ ​ ​ ​ Sponsored Enterprises (GSEs) ​ 33,812,942 ​ — ​ 2,452,484 ​ 31,360,458 Collateralized mortgage obligations (CMOs) ​ ​ 43,464,999 ​ ​ 43,965 ​ ​ 361,112 ​ ​ 43,147,852 Subordinated debt ​ ​ 1,000,000 ​ ​ — ​ ​ 164,245 ​ ​ 835,755 State and political subdivisions ​ 4,558,407 ​ — ​ 876,234 ​ 3,682,173 ​ ​ $ 105,829,284 ​ $ 43,965 ​ $ 4,345,771 ​ $ 101,527,478 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gross Gross ​ ​ ​ ​ Amortized ​ Unrealized ​ Unrealized ​ Approximate ​ ​ Cost ​ Gains ​ Losses ​ Fair Value Available-for-sale Securities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2023 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. Government agencies ​ $ 7,000,000 ​ $ 1,410 ​ $ 471,900 ​ $ 6,529,510 Mortgage-backed Government ​ ​ ​ ​ Sponsored Enterprises (GSEs) ​ 31,081,408 ​ 961 ​ 2,153,110 ​ 28,929,259 Collateralized mortgage obligations ​ ​ 30,633,725 ​ ​ 12,253 ​ ​ 261,388 ​ ​ 30,384,590 Subordinated debt ​ ​ 1,000,000 ​ ​ — ​ ​ 139,530 ​ ​ 860,470 State and political subdivisions ​ 4,561,709 ​ — ​ 680,344 ​ 3,881,365 ​ ​ $ 74,276,842 ​ $ 14,624 ​ $ 3,706,272 ​ $ 70,585,194 ​
Schedule of contractual maturities of amortized cost and fair value	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2023 ​ ​ Available-for-sale ​ ​ Amortized ​ Fair ​ Cost Value ​ (Unaudited) Within one year ​ $ 16,992,936 ​ $ 16,943,760 One to five years ​ 6,421,310 ​ 5,938,122 Five to ten years ​ 3,446,438 ​ 2,847,194 After ten years ​ 1,690,659 ​ 1,290,092 ​ ​ ​ 28,551,343 ​ ​ 27,019,168 Mortgage-backed GSE's and CMO's ​ 77,277,941 ​ 74,508,310 Totals ​ $ 105,829,284 ​ $ 101,527,478
Schedule of continuous unrealized loss position of available for sale debt securities	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2023 ​ ​ Less than 12 Months 12 Months or More Total ​ ​ Fair Unrealized ​ Fair Unrealized ​ Fair Unrealized Description of Securities ​ Value ​ Losses ​ Value ​ Losses ​ Value ​ Losses ​ ​ (Unaudited) U.S. Treasury bills ​ $ 15,981,280 ​ $ 11,656 ​ $ — ​ $ — ​ $ 15,981,280 ​ $ 11,656 U.S. Government agencies ​ ​ 992,590 ​ ​ 7,410 ​ ​ 5,527,370 ​ ​ 472,630 ​ ​ 6,519,960 ​ ​ 480,040 Mortgage-backed Government ​ ​ ​ ​ ​ ​ Sponsored Enterprises (GSEs) ​ 18,633,037 ​ 212,834 ​ 12,727,421 ​ 2,239,650 ​ 31,360,458 ​ 2,452,484 Collateralized mortgage obligations ​ ​ 28,253,227 ​ ​ 288,409 ​ ​ 2,343,175 ​ ​ 72,703 ​ ​ 30,596,402 ​ ​ 361,112 Subordinated debt ​ ​ — ​ ​ — ​ ​ 835,755 ​ ​ 164,245 ​ ​ 835,755 ​ ​ 164,245 State and political subdivisions ​ — ​ — ​ 3,682,173 ​ 876,234 ​ 3,682,173 ​ 876,234 Total available-for-sale securities ​ $ 63,860,134 ​ $ 520,309 ​ $ 25,115,894 ​ $ 3,825,462 ​ $ 88,976,028 ​ $ 4,345,771 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2023 ​ ​ 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 ​ $ — ​ $ — ​ $ 5,528,100 ​ $ 471,900 ​ $ 5,528,100 ​ $ 471,900 Mortgage-backed Government ​ ​ ​ ​ ​ ​ Sponsored Enterprises (GSEs) ​ 17,561,545 ​ 278,848 ​ 11,312,858 ​ 1,874,262 ​ 28,874,403 ​ 2,153,110 Collateralized mortgage obligations ​ ​ 22,734,587 ​ ​ 261,388 ​ ​ — ​ ​ — ​ ​ 22,734,587 ​ ​ 261,388 Subordinated debt ​ ​ 860,470 ​ ​ 139,530 ​ ​ — ​ ​ — ​ ​ 860,470 ​ ​ 139,530 State and political subdivisions ​ 448,750 ​ 8,324 ​ 3,432,615 ​ 672,020 ​ 3,881,365 ​ 680,344 Total available-for-sale securities ​ $ 41,605,352 ​ $ 688,090 ​ $ 20,273,573 ​ $ 3,018,182 ​ $ 61,878,925 ​ $ 3,706,272

Loans and Allowance for Credi_2

Loans and Allowance for Credit Losses (Tables)	3 Months Ended
	Sep. 30, 2023
Loans and Allowance for Loan Losses
Schedule of categories of loans	Categories of loans at September 30, 2023 and June 30, 2023 include: ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, June 30, ​ ​ ​ 2023 ​ 2023 ​ ​ (Unaudited) ​ ​ Real estate loans: ​ ​ ​ ​ ​ ​ ​ Commercial ​ $ 6,078,206 ​ $ 6,009,615 ​ Residential ​ 67,632,829 ​ 65,857,446 ​ Multifamily ​ 680,559 ​ 688,393 ​ Agricultural ​ 4,018,236 ​ 4,044,648 ​ Construction and land ​ 8,571,949 ​ 8,567,060 ​ Home equity line of credit (HELOC) ​ 499,481 ​ 355,296 ​ Commercial and industrial ​ ​ 7,403,816 ​ ​ 3,398,557 ​ Consumer ​ 877,316 ​ 801,476 ​ Total loans ​ 95,762,392 ​ 89,722,491 ​ Less: ​ ​ ​ Undisbursed loans in process ​ 3,009,490 ​ 8,202,918 ​ Net deferred loan fees ​ 48,838 ​ 47,756 ​ Allowance for credit losses ​ 439,239 ​ 263,422 ​ Net loans ​ $ 92,264,825 ​ $ 81,208,395 ​
Schedule of allowance for credit losses based on portfolio segment and impairment method	The following tables present the activity in the allowance for credit losses based on portfolio segment for the three months ended September 30, 2023 and 2022. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance ​ Adoption of ​ Provision (credit) ​ ​ ​ ​ ​ Balance ​ ​ June 30, 2023 ASC 326 ​ for loan losses Charge-offs Recoveries September 30, 2023 ​ ​ (Unaudited) Real estate loans: ​ ​ ​ ​ ​ ​ ​ Commercial ​ $ 27,379 ​ $ (2,203) ​ $ 15,316 ​ $ — ​ $ — ​ $ 40,492 Residential ​ 167,714 ​ 41,930 ​ 4,930 ​ — ​ — ​ 214,574 Multifamily ​ 1,786 ​ (9) ​ (20) ​ — ​ — ​ 1,757 Agricultural ​ 17,091 ​ (1,196) ​ (104) ​ — ​ — ​ 15,791 Construction and land ​ ​ 12,491 ​ ​ 10,144 ​ ​ 50,369 ​ ​ — ​ ​ — ​ ​ 73,004 HELOC ​ ​ 34,779 ​ ​ (33,888) ​ ​ 362 ​ ​ — ​ ​ — ​ ​ 1,253 Commercial and industrial ​ ​ 882 ​ ​ 31,562 ​ ​ 58,004 ​ ​ — ​ ​ — ​ ​ 90,448 Consumer ​ ​ 1,300 ​ ​ 455 ​ ​ 165 ​ ​ — ​ ​ — ​ ​ 1,920 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total ​ $ 263,422 ​ $ 46,795 ​ $ 129,022 ​ $ — ​ $ — ​ $ 439,239 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 ​ The following tables present the balance in the allowance for credit losses and the recorded investment in loans based on portfolio segment as of September 30, 2023 and June 30, 2023 : ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Allowance for credit losses ​ Loans ​ ​ Individually Collectively Individually Collectively ​ ​ (Unaudited) September 30, 2023 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Real estate loans: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ $ — ​ $ 40,492 ​ $ — ​ $ 6,078,206 ​ Residential ​ ​ — ​ 214,574 ​ 414,058 ​ 66,567,684 ​ Multifamily ​ ​ — ​ 1,757 ​ — ​ 680,559 ​ Agricultural ​ ​ — ​ 15,791 ​ — ​ 4,018,236 ​ Construction and land ​ ​ — ​ 73,004 ​ — ​ 6,213,546 ​ HELOC ​ ​ — ​ 1,253 ​ — ​ 499,481 ​ Commercial and industrial ​ ​ — ​ 90,448 ​ — ​ 7,403,816 ​ Consumer ​ ​ — ​ 1,920 ​ — ​ 877,316 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total ​ $ — ​ $ 439,239 ​ $ 414,058 ​ $ 92,338,844 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Allowance for credit losses ​ Loans ​ ​ Individually Collectively Individually Collectively June 30, 2023 ​ ​ ​ ​ ​ Real estate loans: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ $ — ​ $ 27,379 ​ $ — ​ $ 6,009,615 ​ Residential ​ ​ 7 ​ 167,714 ​ 304,096 ​ 65,553,350 ​ Multifamily ​ ​ — ​ 1,786 ​ — ​ 688,393 ​ Agricultural ​ ​ — ​ 17,091 ​ — ​ 4,044,648 ​ Construction and land ​ ​ — ​ 12,491 ​ — ​ 8,567,060 ​ HELOC ​ ​ — ​ 34,779 ​ — ​ 355,296 ​ Commercial and industrial ​ ​ — ​ 882 ​ — ​ 3,398,557 ​ Consumer ​ ​ — ​ 1,300 ​ — ​ 801,476 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total ​ $ 7 ​ $ 263,422 ​ $ 304,096 ​ $ 89,418,395 ​
Schedule of credit risk profile of Bank's loan portfolio based on internal rating category and payment activity	The following table reflects loan balances as of September 30, 2023 based on year of origination: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Revolving Loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amortized ​ ​ ​ ​ 2024 2023 2022 2021 2020 Prior ​ Cost Basis ​ Total September 30, 2023 (Unaudited) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass (1-3) $ 721,358 ​ $ 1,040,810 ​ $ 1,505,275 ​ $ 312,998 ​ $ 373,321 ​ $ 1,991,625 ​ $ — ​ $ 5,945,387 Monitor (4) ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 132,819 ​ ​ — ​ ​ 132,819 Special Mention (5) ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Substandard (6) ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Doubtful (7) ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Total commercial $ 721,358 ​ $ 1,040,810 ​ $ 1,505,275 ​ $ 312,998 ​ $ 373,321 ​ $ 2,124,444 ​ $ — ​ $ 6,078,206 Gross charge-offs $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Multifamily ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass (1-3) $ — ​ $ — ​ $ 680,559 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 680,559 Monitor (4) ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Special Mention (5) ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Substandard (6) ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Doubtful (7) ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Total multifamily $ — ​ $ — ​ $ 680,559 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 680,559 Gross charge-offs $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Agricultural ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass (1-3) $ — ​ $ 1,181,889 ​ $ 983,684 ​ $ 659,160 ​ $ 296,000 ​ $ 674,922 ​ $ — ​ $ 3,795,655 Monitor (4) ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 222,581 ​ ​ — ​ ​ 222,581 Special Mention (5) ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Substandard (6) ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Doubtful (7) ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Total agricultural $ — ​ $ 1,181,889 ​ $ 983,684 ​ $ 659,160 ​ $ 296,000 ​ $ 897,503 ​ $ — ​ $ 4,018,236 Gross charge-offs $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Construction and land ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass (1-3) $ 789,458 ​ $ 4,678,760 ​ $ 26,343 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 5,494,561 Monitor (4) ​ 533,403 ​ ​ — ​ ​ 2,506,553 ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 3,039,956 Special Mention (5) ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Substandard (6) ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 37,432 ​ ​ — ​ ​ 37,432 Doubtful (7) ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Total construction and land $ 1,322,861 ​ $ 4,678,760 ​ $ 2,532,896 ​ $ — ​ $ — ​ $ 37,432 ​ $ — ​ $ 8,571,949 Gross charge-offs $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial and industrial ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass (1-3) $ 6,895,684 ​ $ 216,961 ​ $ — ​ $ — ​ $ 291,171 ​ $ — ​ $ — ​ $ 7,403,816 Monitor (4) ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Special Mention (5) ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Substandard (6) ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Doubtful (7) ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Total commercial and industrial $ 6,895,684 ​ $ 216,961 ​ $ — ​ $ — ​ $ 291,171 ​ $ — ​ $ — ​ $ 7,403,816 Gross charge-offs $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Consumer ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass (1-3) $ 136,609 ​ $ 370,793 ​ $ 206,420 ​ $ 52,893 ​ $ 22,383 ​ $ 88,218 ​ $ — ​ $ 877,316 Monitor (4) ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Special Mention (5) ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Substandard (6) ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Doubtful (7) ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Total consumer $ 136,609 ​ $ 370,793 ​ $ 206,420 ​ $ 52,893 ​ $ 22,383 ​ $ 88,218 ​ $ — ​ $ 877,316 Gross charge-offs $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Performing $ 2,832,625 ​ $ 6,171,433 ​ $ 15,191,443 ​ $ 17,591,525 ​ $ 8,884,928 ​ $ 16,546,817 ​ $ — ​ $ 67,218,771 Nonperforming ​ — ​ ​ — ​ ​ 49,071 ​ ​ 38,980 ​ ​ — ​ ​ 326,007 ​ ​ — ​ ​ 414,058 Total residential $ 2,832,625 ​ $ 6,171,433 ​ $ 15,240,514 ​ $ 17,630,505 ​ $ 8,884,928 ​ $ 16,872,824 ​ $ — ​ $ 67,632,829 Gross charge-offs $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Home equity line of credit (HELOC) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Performing $ 90,630 ​ $ 29,166 ​ $ 122,435 ​ $ 72,996 ​ $ 44,067 ​ $ 140,187 ​ $ — ​ $ 499,481 Nonperforming ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Total residentail $ 90,630 ​ $ 29,166 ​ $ 122,435 ​ $ 72,996 ​ $ 44,067 ​ $ 140,187 ​ $ — ​ $ 499,481 Gross charge-offs $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ Information regarding the credit quality indicators most closely monitored for other than residential real estate loans by class as of June 30, 2023 follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Special ​ ​ ​ ​ ​ ​ ​ ​ Pass Monitor Mention Substandard Doubtful Total June 30, 2023 ​ ​ ​ ​ ​ ​ Real estate loans: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ $ 5,868,689 ​ $ 140,926 ​ $ — ​ $ — ​ $ — ​ $ 6,009,615 Multifamily ​ ​ 688,393 ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 688,393 Agricultural ​ 3,822,067 ​ 222,581 ​ — ​ — ​ — ​ 4,044,648 Construction and land ​ 5,254,192 ​ 3,274,936 ​ — ​ 37,932 ​ — ​ 8,567,060 Commercial and industrial ​ 3,398,557 ​ — ​ — ​ — ​ — ​ 3,398,557 Consumer ​ ​ 801,476 ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 801,476 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total loans ​ $ 19,833,374 ​ $ 3,638,443 ​ $ — ​ $ 37,932 ​ $ — ​ $ 23,509,749 ​ 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 June 30, 2023: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Performing Nonperforming Total June 30, 2023 ​ ​ ​ ​ ​ ​ ​ ​ ​ Real estate loans: ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential ​ $ 65,553,350 ​ $ 304,096 ​ $ 65,857,446 Home equity line of credit (HELOC) ​ ​ 355,296 ​ — ​ 355,296 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total ​ $ 65,908,646 ​ $ 304,096 ​ $ 66,212,742
Schedule of Bank's loan portfolio aging analysis of recorded investment in loans	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2023 ​ ​ ​ ​ ​ ​ ​ ​ 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 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 6,078,206 ​ $ 6,078,206 ​ $ — Residential ​ — ​ 644,301 ​ 196,715 ​ 841,016 ​ 66,791,813 ​ 67,632,829 ​ — Multifamily ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 680,559 ​ ​ 680,559 ​ ​ — Agricultural ​ — ​ — ​ — ​ — ​ 4,018,236 ​ 4,018,236 ​ — Construction and land ​ — ​ — ​ — ​ — ​ 8,571,949 ​ 8,571,949 ​ — HELOC ​ — ​ — ​ — ​ — ​ 499,481 ​ 499,481 ​ — Commercial and industrial ​ — ​ — ​ — ​ — ​ 7,403,816 ​ 7,403,816 ​ — Consumer ​ — ​ — ​ — ​ — ​ 877,316 ​ 877,316 ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total ​ $ — ​ $ 644,301 ​ $ 196,715 ​ $ 841,016 ​ $ 94,921,376 ​ $ 95,762,392 ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2023 ​ ​ ​ ​ ​ ​ ​ ​ 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 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 6,009,615 ​ $ 6,009,615 ​ $ — Residential ​ — ​ 616,352 ​ 117,395 ​ 733,747 ​ 65,123,699 ​ 65,857,446 ​ — Multifamily ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 688,393 ​ ​ 688,393 ​ ​ — Agricultural ​ — ​ — ​ — ​ — ​ 4,044,648 ​ 4,044,648 ​ — Construction and land ​ — ​ — ​ — ​ — ​ 8,567,060 ​ 8,567,060 ​ — HELOC ​ — ​ — ​ — ​ — ​ 355,296 ​ 355,296 ​ — Commercial and industrial ​ — ​ — ​ — ​ — ​ 3,398,557 ​ 3,398,557 ​ — Consumer ​ — ​ — ​ — ​ — ​ 801,476 ​ 801,476 ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total ​ $ — ​ $ 616,352 ​ $ 117,395 ​ $ 733,747 ​ $ 88,988,744 ​ $ 89,722,491 ​ $ — ​ ​
Schedule of collateral dependent loans	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of September 30, 2023 ​ ​ Recorded ​ Related ​ ​ Investment ​ Allowance ​ ​ (Unaudited) Real estate ​ ​ Commercial ​ $ — ​ $ — Residential ​ ​ 414,058 ​ ​ — Multifamily ​ ​ — ​ ​ — Agricultural ​ ​ — ​ ​ — Construction and land ​ ​ — ​ ​ — Home equity line of credit (HELOC) ​ ​ — ​ ​ — Commercial and industrial ​ — ​ — Consumer ​ — ​ — ​ ​ ​ ​ ​ ​ ​ Totals ​ $ 414,058 ​ $ —
Schedule of information on impaired loans	Information about impaired loans as of June 30, 2023 is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of and for the year ended June 30, 2023 ​ ​ ​ ​ ​ Unpaid ​ ​ ​ ​ Average Balance of ​ Interest ​ ​ Recorded ​ Principal ​ Specific ​ Impaired ​ Income ​ Balance Balance Allowance Loans Recognized ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans without a specific valuation allowance: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Real estate ​ ​ ​ ​ ​ Residential ​ $ 243,764 ​ $ 243,764 ​ $ — ​ $ 248,057 ​ $ 7,456 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans with a specific valuation allowance: ​ ​ ​ ​ ​ Real estate ​ ​ ​ ​ ​ Residential ​ 60,332 ​ 60,332 ​ 7 ​ 61,670 ​ 3,886 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Totals ​ $ 304,096 ​ $ 304,096 ​ $ 7 ​ $ 309,727 ​ $ 11,342
Schedule of nonaccrual loans	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amortized Cost ​ ​ ​ Nonaccrual Loans ​ Nonaccrual Loans ​ ​ ​ ​ Total Nonaccrual ​ Interest Income ​ Basis of Loans 90+ ​ ​ ​ With No Allowance ​ With an Allowance ​ Total Nonaccrual ​ Loans at Beginning ​ Recognized on ​ Days Past Due ​ ​ ​ for Credit Losses ​ for Credit Losses Loans ​ of Year ​ Nonaccrual Loans ​ Not on Nonaccrual ​ September 30, 2023 (Unaudited) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Real estate loans: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ Residential ​ ​ 414,058 ​ ​ — ​ ​ 414,058 ​ ​ 304,096 ​ ​ — ​ ​ — ​ Multifamily ​ — ​ — ​ — ​ — ​ — ​ — ​ Agricultural ​ — ​ — ​ — ​ — ​ — ​ — ​ Construction and land ​ — ​ — ​ — ​ — ​ — ​ — ​ Home equity line of credit (HELOC) ​ — ​ — ​ — ​ — ​ — ​ — ​ Commercial and industrial ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ Consumer ​ — ​ — ​ — ​ — ​ — ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total ​ $ 414,058 ​ $ — ​ $ 414,058 ​ $ 304,096 ​ $ — ​ $ — ​

Disclosures about Fair Value _2

Disclosures about Fair Value of Assets and Liabilities (Tables)	3 Months Ended
	Sep. 30, 2023
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, 2023 (Unaudited) ​ ​ ​ ​ U.S. Treasury bills ​ $ 15,981,280 ​ $ — ​ $ 15,981,280 ​ $ — U.S. Government agencies ​ ​ 6,519,960 ​ ​ — ​ ​ 6,519,960 ​ ​ — Mortgage-backed GSEs ​ 31,360,458 ​ — ​ 31,360,458 ​ — Collateralized mortgage obligations ​ ​ 43,147,852 ​ ​ — ​ ​ 43,147,852 ​ ​ — Subordinated debt ​ ​ 835,755 ​ ​ — ​ ​ 835,755 ​ ​ — State and political subdivisions ​ 3,682,173 ​ — ​ 3,682,173 ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2023 ​ ​ ​ ​ U.S. Government agencies ​ $ 6,529,510 ​ $ — ​ $ 6,529,510 ​ $ — Mortgage-backed GSEs ​ 28,929,259 ​ — ​ 28,929,259 ​ — Collateralized mortgage obligations ​ ​ 30,384,590 ​ ​ — ​ ​ 30,384,590 ​ ​ — Subordinated debt ​ ​ 860,470 ​ ​ — ​ ​ 860,470 ​ ​ — State and political subdivisions ​ 3,881,365 ​ — ​ 3,881,365 ​ —
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, 2023 (Unaudited) ​ ​ ​ ​ ​ Financial assets: ​ ​ ​ ​ ​ Cash and due from banks ​ $ 11,026,868 ​ $ 11,026,868 ​ $ 11,026,868 ​ $ — ​ $ — Loans, net ​ 92,264,825 ​ 82,964,010 ​ — ​ — ​ 82,964,010 FHLB Stock ​ 702,800 ​ 702,800 ​ — ​ 702,800 ​ — FRB Stock ​ 536,000 ​ 536,000 ​ — ​ 536,000 ​ — Accrued interest receivable ​ 604,034 ​ 604,034 ​ 604,034 ​ — ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial liabilities: ​ ​ ​ ​ ​ ​ ​ ​ Deposits ​ 139,510,377 ​ 140,049,925 ​ 64,623,925 ​ — ​ 75,426,000 Borrowings ​ ​ 36,000,000 ​ ​ 35,948,000 ​ ​ — ​ ​ — ​ ​ 35,948,000 Accrued interest payable ​ 336,703 ​ 336,703 ​ 336,703 ​ — ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2023 ​ ​ ​ ​ ​ Financial assets: ​ ​ ​ ​ ​ Cash and due from banks ​ $ 5,515,728 ​ $ 5,515,728 ​ $ 5,515,728 ​ $ — ​ $ — Loans, net ​ 81,208,395 ​ 73,268,657 ​ — ​ — ​ 73,268,657 FHLB Stock ​ 396,800 ​ 396,800 ​ — ​ 396,800 ​ — Accrued interest receivable ​ 498,807 ​ 498,807 ​ 498,807 ​ — ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ Deposits ​ 119,991,581 ​ 120,415,085 ​ 68,571,085 ​ — ​ 51,844,000 Borrowings ​ ​ 6,200,000 ​ ​ 6,191,000 ​ ​ — ​ ​ — ​ ​ 6,191,000 Accrued interest payable ​ 55,667 ​ 55,667 ​ 55,667 ​ — ​ —

Commitments (Tables)

Commitments (Tables)	3 Months Ended
	Sep. 30, 2023
Commitments
Schedule of commitments outstanding	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, June 30, ​ 2023 2023 ​ ​ ​ ​ ​ ​ ​ Commitments to originate loans ​ $ 2,390,519 ​ $ 7,028,000 Undisbursed balance of loans closed ​ 9,131,156 ​ 3,994,000 ​ ​ ​ ​ ​ ​ ​ Total ​ $ 11,521,675 ​ $ 11,022,000 ​

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, 2023	Sep. 30, 2022
Other-than-temporary impairments			$ 0
Dilutive stock equivalents		0
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
ESOP
Conversion of stock	1,922,924
Stock Issued During Period, Shares, Employee Stock Ownership Plan	153,834	153,834
Percentage of shares purchased by Employee Stock Ownership Plan	8%
Amount borrowed	$ 1,538,000	$ 1,500,000
Contributions	8,932,000
Net proceeds to employee stock ownership plan	$ 7,394,000

Nature of Operations and Summ_5

Nature of Operations and Summary of Significant Accounting Policies - EPS Calculation (Details) - USD ($)	3 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Nature of Operations and Summary of Significant Accounting Policies
Net income (loss)	$ (438,859)	$ 154,777
Weighted-average shares issued	1,922,924	1,651,206
Less weighted-average unearned ESOP shares	(146,142)	(132,096)
Weighted average shares outstanding - basic (in shares)	1,776,782	1,519,110
Weighted average shares outstanding - diluted (in shares)	1,776,782	1,519,110
Earnings (Loss) per share-basic (in dollars per share)	$ (0.25)	$ 0.10
Earnings (Loss) per share-diluted (in dollars per share)	$ (0.25)	$ 0.10

Recent Accounting Pronounceme_2

Recent Accounting Pronouncements (Details) - USD ($)	Sep. 30, 2023	Jul. 01, 2023	Jun. 30, 2023
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Retained earnings	$ 24,424,456		$ 24,916,481
Adjustment | ASU 2016-13
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Retained earnings		$ 53,000

Debt Securities - Amortized cos

Debt Securities - Amortized cost and fair value with unrealized gains(losses) (Details) - USD ($)	Sep. 30, 2023	Jun. 30, 2023
Debt Securities, Available-for-Sale [Line Items]
Amortized Cost	$ 105,829,284
Amortized Cost		$ 74,276,842
Gross Unrealized Gains	43,965	14,624
Gross Unrealized Losses	(4,345,771)	(3,706,272)
Fair Value	101,527,478
Fair Value		70,585,194
U.S. Treasury bills
Debt Securities, Available-for-Sale [Line Items]
Amortized Cost	15,992,936
Gross Unrealized Losses	(11,656)
Fair Value	15,981,280
U.S. Government agencies
Debt Securities, Available-for-Sale [Line Items]
Amortized Cost	7,000,000
Amortized Cost		7,000,000
Gross Unrealized Gains		1,410
Gross Unrealized Losses	(480,040)	(471,900)
Fair Value	6,519,960
Fair Value		6,529,510
Mortgage-backed GSEs
Debt Securities, Available-for-Sale [Line Items]
Amortized Cost	33,812,942
Amortized Cost		31,081,408
Gross Unrealized Gains		961
Gross Unrealized Losses	(2,452,484)	(2,153,110)
Fair Value	31,360,458
Fair Value		28,929,259
Collateralized mortgage obligations (CMOs)
Debt Securities, Available-for-Sale [Line Items]
Amortized Cost	43,464,999
Amortized Cost		30,633,725
Gross Unrealized Gains	43,965	12,253
Gross Unrealized Losses	(361,112)	(261,388)
Fair Value	43,147,852
Fair Value		30,384,590
Subordinated debt
Debt Securities, Available-for-Sale [Line Items]
Amortized Cost	1,000,000
Amortized Cost		1,000,000
Gross Unrealized Losses	(164,245)	(139,530)
Fair Value	835,755
Fair Value		860,470
State and political subdivisions
Debt Securities, Available-for-Sale [Line Items]
Amortized Cost	4,558,407
Amortized Cost		4,561,709
Gross Unrealized Losses	(876,234)	(680,344)
Fair Value	$ 3,682,173
Fair Value		$ 3,881,365

Debt Securities - Maturities (D

Debt Securities - Maturities (Details)	Sep. 30, 2023 USD ($)
Debt Securities, Available-for-Sale, Amortized Cost, Fiscal Year Maturity [Abstract]
Within one year	$ 16,992,936
One to five years	6,421,310
Five to ten years	3,446,438
After ten years	1,690,659
Total maturities	28,551,343
Mortgage-backed GSE's and CMO's	77,277,941
Amortized Cost	105,829,284
Debt Securities, Available-for-Sale, Fair Value, Fiscal Year Maturity [Abstract]
Within one year	16,943,760
One to five years	5,938,122
Five to ten years	2,847,194
After ten years	1,290,092
Total maturities	27,019,168
Without single maturity	74,508,310
Fair Value	$ 101,527,478

Debt Securities - Continuous un

Debt Securities - Continuous unrealized loss position (Details) - USD ($)	Sep. 30, 2023	Jun. 30, 2023
Fair Value
Less than 12 Months	$ 63,860,134	$ 41,605,352
12 Months or More	25,115,894	20,273,573
Total	88,976,028	61,878,925
Unrealized Losses
Less than 12 Months	520,309	688,090
12 Months or More	3,825,462	3,018,182
Total	4,345,771	3,706,272
U.S. Treasury bills
Fair Value
Less than 12 Months	15,981,280
Total	15,981,280
Unrealized Losses
Less than 12 Months	11,656
Total	11,656
U.S. Government agencies
Fair Value
Less than 12 Months	992,590
12 Months or More	5,527,370	5,528,100
Total	6,519,960	5,528,100
Unrealized Losses
Less than 12 Months	7,410
12 Months or More	472,630	471,900
Total	480,040	471,900
Mortgage-backed GSEs
Fair Value
Less than 12 Months	18,633,037	17,561,545
12 Months or More	12,727,421	11,312,858
Total	31,360,458	28,874,403
Unrealized Losses
Less than 12 Months	212,834	278,848
12 Months or More	2,239,650	1,874,262
Total	2,452,484	2,153,110
Collateralized mortgage obligations (CMOs)
Fair Value
Less than 12 Months	28,253,227	22,734,587
12 Months or More	2,343,175
Total	30,596,402	22,734,587
Unrealized Losses
Less than 12 Months	288,409	261,388
12 Months or More	72,703
Total	361,112	261,388
Subordinated debt
Fair Value
Less than 12 Months		860,470
12 Months or More	835,755
Total	835,755	860,470
Unrealized Losses
Less than 12 Months		139,530
12 Months or More	164,245
Total	164,245	139,530
State and political subdivisions
Fair Value
Less than 12 Months		448,750
12 Months or More	3,682,173	3,432,615
Total	3,682,173	3,881,365
Unrealized Losses
Less than 12 Months		8,324
12 Months or More	876,234	672,020
Total	$ 876,234	$ 680,344

Debt Securities - Additional in

Debt Securities - Additional information (Details) - USD ($)	3 Months Ended		12 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Jun. 30, 2023
Fair Value	$ 101,527,478
Fair Value			$ 70,585,194
Proceeds from sales of securities	2,989,042	$ 0
Gross realized losses	2,000
Amount of investments in debt securities reported less than historical cost, Fair value	$ 88,976,028		$ 61,878,925
Investments in debt securities reported less than historical cost, Percentage	88%		88%
Collateral pledged
Fair Value	$ 35,737,000
Fair Value			$ 7,201,000

Loans and Allowance for Credi_3

Loans and Allowance for Credit Losses - Categories of loans (Details) - USD ($)	Sep. 30, 2023	Jun. 30, 2023	Sep. 30, 2022	Jun. 30, 2022
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	$ 95,762,392
Total loans		$ 89,722,491
Less:
Undisbursed loans in process		8,202,918
Undisbursed loans in process	3,009,490
Net deferred loan fees		47,756
Net deferred loan fees (costs)	48,838
Allowance for loan losses		263,422	$ 222,884	$ 222,884
Allowance for credit losses	439,239
Net loans		81,208,395
Net loans	92,264,825
Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	6,078,206
Total loans		6,009,615
Less:
Allowance for loan losses		27,379	19,694	20,643
Residential real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	67,632,829
Total loans		65,857,446
Less:
Allowance for loan losses		167,714	175,740	177,830
Multifamily real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	680,559
Total loans		688,393
Less:
Allowance for loan losses		1,786	1,879	1,926
Agricultural Real Estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	4,018,236
Total loans		4,044,648
Less:
Allowance for loan losses		17,091	15,904	13,868
Construction and land
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	8,571,949
Total loans		8,567,060
Less:
Allowance for loan losses		12,491	6,087	5,477
Home equity line of credit (HELOC)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	499,481
Total loans		355,296
Less:
Allowance for loan losses		34,779	1,196	1,306
Commercial and industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	7,403,816
Total loans		3,398,557
Less:
Allowance for loan losses		882	1,304	709
Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	$ 877,316
Total loans		801,476
Less:
Allowance for loan losses		$ 1,300	$ 1,080	$ 1,125

Loans and Allowance for Credi_4

Loans and Allowance for Credit Losses - Allowance for credit losses (Details) - USD ($)	3 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Jun. 30, 2023
Allowance for loan losses:
Beginning balance	$ 263,422	$ 222,884
Provision (credit) for loan losses	129,022
Provision (credit) for loan losses.	129,022
Ending balance		222,884
Ending balance	439,239
Credit for credit loss on unfunded loan commitments	129,022
Adjustment | ASU 2016-13
Allowance for loan losses:
Adoption of ASC 326			$ 46,795
Unfunded Loan Commitment [Member]
Allowance for loan losses:
Provision (credit) for loan losses.	357
Ending balance	20,146
Credit for credit loss on unfunded loan commitments	357
Unfunded Loan Commitment [Member] | Adjustment | ASU 2016-13
Allowance for loan losses:
Ending balance	20,503
Commercial real estate
Allowance for loan losses:
Beginning balance	27,379	20,643
Provision (credit) for loan losses		(949)
Provision (credit) for loan losses.	15,316
Ending balance		19,694
Ending balance	40,492
Credit for credit loss on unfunded loan commitments	15,316
Commercial real estate | Adjustment | ASU 2016-13
Allowance for loan losses:
Adoption of ASC 326			(2,203)
Residential real estate
Allowance for loan losses:
Beginning balance	167,714	177,830
Provision (credit) for loan losses		(2,090)
Provision (credit) for loan losses.	4,930
Ending balance		175,740
Ending balance	214,574
Credit for credit loss on unfunded loan commitments	4,930
Residential real estate | Adjustment | ASU 2016-13
Allowance for loan losses:
Adoption of ASC 326			41,930
Multifamily real estate
Allowance for loan losses:
Beginning balance	1,786	1,926
Provision (credit) for loan losses		(47)
Provision (credit) for loan losses.	(20)
Ending balance		1,879
Ending balance	1,757
Credit for credit loss on unfunded loan commitments	(20)
Multifamily real estate | Adjustment | ASU 2016-13
Allowance for loan losses:
Adoption of ASC 326			(9)
Agricultural real estate
Allowance for loan losses:
Beginning balance	17,091	13,868
Provision (credit) for loan losses		2,036
Provision (credit) for loan losses.	(104)
Ending balance		15,904
Ending balance	15,791
Credit for credit loss on unfunded loan commitments	(104)
Agricultural real estate | Adjustment | ASU 2016-13
Allowance for loan losses:
Adoption of ASC 326			(1,196)
Construction and land
Allowance for loan losses:
Beginning balance	12,491	5,477
Provision (credit) for loan losses		610
Provision (credit) for loan losses.	50,369
Ending balance		6,087
Ending balance	73,004
Credit for credit loss on unfunded loan commitments	50,369
Construction and land | Adjustment | ASU 2016-13
Allowance for loan losses:
Adoption of ASC 326			10,144
Home equity line of credit (HELOC)
Allowance for loan losses:
Beginning balance	34,779	1,306
Provision (credit) for loan losses		(110)
Provision (credit) for loan losses.	362
Ending balance		1,196
Ending balance	1,253
Credit for credit loss on unfunded loan commitments	362
Home equity line of credit (HELOC) | Adjustment | ASU 2016-13
Allowance for loan losses:
Adoption of ASC 326			(33,888)
Commercial and industrial
Allowance for loan losses:
Beginning balance	882	709
Provision (credit) for loan losses		595
Provision (credit) for loan losses.	58,004
Ending balance		1,304
Ending balance	90,448
Credit for credit loss on unfunded loan commitments	58,004
Commercial and industrial | Adjustment | ASU 2016-13
Allowance for loan losses:
Adoption of ASC 326			31,562
Consumer
Allowance for loan losses:
Beginning balance	1,300	1,125
Provision (credit) for loan losses		(45)
Provision (credit) for loan losses.	165
Ending balance		$ 1,080
Ending balance	1,920
Credit for credit loss on unfunded loan commitments	$ 165
Consumer | Adjustment | ASU 2016-13
Allowance for loan losses:
Adoption of ASC 326			$ 455

Loans and Allowance for Credi_5

Loans and Allowance for Credit Losses - Allowance for loan losses by impairment method (Details) - USD ($)	3 Months Ended
	Sep. 30, 2023	Jun. 30, 2023
Allowance for loan losses:
Ending balance, individually evaluated for impairment		$ 7
Ending balance, collectively evaluated for impairment		263,422
Ending balance, collectively evaluated for impairment	$ 439,239
Loans:
Ending balance; individually evaluated for impairment	414,058	304,096
Ending balance; collectively evaluated for impairment	92,338,844	89,418,395
Commercial real estate
Allowance for loan losses:
Ending balance, collectively evaluated for impairment		27,379
Ending balance, collectively evaluated for impairment	40,492
Loans:
Ending balance; collectively evaluated for impairment	6,078,206	6,009,615
Residential real estate
Allowance for loan losses:
Ending balance, individually evaluated for impairment		7
Ending balance, collectively evaluated for impairment		167,714
Ending balance, collectively evaluated for impairment	214,574
Loans:
Ending balance; individually evaluated for impairment	414,058	304,096
Ending balance; collectively evaluated for impairment	66,567,684	65,553,350
Multifamily real estate
Allowance for loan losses:
Ending balance, collectively evaluated for impairment		1,786
Ending balance, collectively evaluated for impairment	1,757
Loans:
Ending balance; collectively evaluated for impairment	680,559	688,393
Agricultural real estate
Allowance for loan losses:
Ending balance, collectively evaluated for impairment		17,091
Ending balance, collectively evaluated for impairment	15,791
Loans:
Ending balance; collectively evaluated for impairment	4,018,236	4,044,648
Construction and land
Allowance for loan losses:
Ending balance, collectively evaluated for impairment		12,491
Ending balance, collectively evaluated for impairment	73,004
Loans:
Ending balance; collectively evaluated for impairment	6,213,546	8,567,060
Home equity line of credit (HELOC)
Allowance for loan losses:
Ending balance, collectively evaluated for impairment		34,779
Ending balance, collectively evaluated for impairment	1,253
Loans:
Ending balance; collectively evaluated for impairment	499,481	355,296
Commercial and industrial
Allowance for loan losses:
Ending balance, collectively evaluated for impairment		882
Ending balance, collectively evaluated for impairment	90,448
Loans:
Ending balance; collectively evaluated for impairment	7,403,816	3,398,557
Consumer
Allowance for loan losses:
Ending balance, collectively evaluated for impairment		1,300
Ending balance, collectively evaluated for impairment	1,920
Loans:
Ending balance; collectively evaluated for impairment	$ 877,316	$ 801,476

Loans and Allowance for Credi_6

Loans and Allowance for Credit Losses - Credit Quality Indicators (Details) - USD ($)	Sep. 30, 2023	Jun. 30, 2023
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans	$ 95,762,392
Total loans		$ 89,722,491
Total Loans.	95,762,392
Real Estate Loan [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans		66,212,742
Real Estate Loan [Member] | Performing
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans		65,908,646
Real Estate Loan [Member] | Nonperforming
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans		304,096
Commercial real estate
Financing Receivable, Credit Quality Indicator [Line Items]
2024	721,358
2023	1,040,810
2022	1,505,275
2021	312,998
2020	373,321
Prior	2,124,444
Total loans	6,078,206
Total loans		6,009,615
Total Loans.	6,078,206
Commercial real estate | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
2024	721,358
2023	1,040,810
2022	1,505,275
2021	312,998
2020	373,321
Prior	1,991,625
Total loans	5,945,387
Total Loans.	5,945,387
Commercial real estate | Monitor
Financing Receivable, Credit Quality Indicator [Line Items]
Prior	132,819
Total loans	132,819
Total Loans.	132,819
Commercial real estate | Real Estate Loan [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans		6,009,615
Commercial real estate | Real Estate Loan [Member] | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans		5,868,689
Commercial real estate | Real Estate Loan [Member] | Monitor
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans		140,926
Commercial real estate | Real Estate Loan [Member] | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans
Commercial real estate | Real Estate Loan [Member] | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans
Residential real estate
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans	67,632,829
Total loans		65,857,446
Total Loans.	67,632,829
Residential real estate | Residential Portfolio Segment [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2024	2,832,625
2023	6,171,433
2022	15,240,514
2021	17,630,505
2020	8,884,928
Prior	16,872,824
Total loans	67,632,829
Total Loans.	67,632,829
Residential real estate | Performing | Residential Portfolio Segment [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2024	2,832,625
2023	6,171,433
2022	15,191,443
2021	17,591,525
2020	8,884,928
Prior	16,546,817
Total loans	67,218,771
Total Loans.	67,218,771
Residential real estate | Nonperforming | Residential Portfolio Segment [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2022	49,071
2021	38,980
Prior	326,007
Total loans	414,058
Total Loans.	414,058
Residential real estate | Real Estate Loan [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans		65,857,446
Residential real estate | Real Estate Loan [Member] | Performing
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans		65,553,350
Residential real estate | Real Estate Loan [Member] | Nonperforming
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans		304,096
Other than Residential Real Estate Loans
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans		23,509,749
Other than Residential Real Estate Loans | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans		19,833,374
Other than Residential Real Estate Loans | Monitor
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans		3,638,443
Other than Residential Real Estate Loans | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans
Other than Residential Real Estate Loans | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans		37,932
Other than Residential Real Estate Loans | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans
Multifamily real estate
Financing Receivable, Credit Quality Indicator [Line Items]
2022	680,559
Total loans	680,559
Total loans		688,393
Total Loans.	680,559
Multifamily real estate | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
2022	680,559
Total loans	680,559
Total Loans.	680,559
Multifamily real estate | Real Estate Loan [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans		688,393
Multifamily real estate | Real Estate Loan [Member] | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans		688,393
Multifamily real estate | Real Estate Loan [Member] | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans
Multifamily real estate | Real Estate Loan [Member] | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans
Agricultural real estate
Financing Receivable, Credit Quality Indicator [Line Items]
2023	1,181,889
2022	983,684
2021	659,160
2020	296,000
Prior	897,503
Total loans	4,018,236
Total loans		4,044,648
Total Loans.	4,018,236
Agricultural real estate | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
2023	1,181,889
2022	983,684
2021	659,160
2020	296,000
Prior	674,922
Total loans	3,795,655
Total Loans.	3,795,655
Agricultural real estate | Monitor
Financing Receivable, Credit Quality Indicator [Line Items]
Prior	222,581
Total loans	222,581
Total Loans.	222,581
Agricultural real estate | Real Estate Loan [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans		4,044,648
Agricultural real estate | Real Estate Loan [Member] | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans		3,822,067
Agricultural real estate | Real Estate Loan [Member] | Monitor
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans		222,581
Agricultural real estate | Real Estate Loan [Member] | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans
Agricultural real estate | Real Estate Loan [Member] | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans
Construction and land
Financing Receivable, Credit Quality Indicator [Line Items]
2024	1,322,861
2023	4,678,760
2022	2,532,896
Prior	37,432
Total loans	8,571,949
Total loans		8,567,060
Total Loans.	8,571,949
Construction and land | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
2024	789,458
2023	4,678,760
2022	26,343
Total loans	5,494,561
Total Loans.	5,494,561
Construction and land | Monitor
Financing Receivable, Credit Quality Indicator [Line Items]
2024	533,403
2022	2,506,553
Total loans	3,039,956
Total Loans.	3,039,956
Construction and land | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Prior	37,432
Total loans	37,432
Total Loans.	37,432
Construction and land | Real Estate Loan [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans		8,567,060
Construction and land | Real Estate Loan [Member] | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans		5,254,192
Construction and land | Real Estate Loan [Member] | Monitor
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans		3,274,936
Construction and land | Real Estate Loan [Member] | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans
Construction and land | Real Estate Loan [Member] | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans		37,932
Construction and land | Real Estate Loan [Member] | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans
Home equity line of credit (HELOC)
Financing Receivable, Credit Quality Indicator [Line Items]
2024	90,630
2023	29,166
2022	122,435
2021	72,996
2020	44,067
Prior	140,187
Total loans	499,481
Total loans		355,296
Total Loans.	499,481
Home equity line of credit (HELOC) | Performing
Financing Receivable, Credit Quality Indicator [Line Items]
2024	90,630
2023	29,166
2022	122,435
2021	72,996
2020	44,067
Prior	140,187
Total loans	499,481
Total Loans.	499,481
Home equity line of credit (HELOC) | Real Estate Loan [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans		355,296
Home equity line of credit (HELOC) | Real Estate Loan [Member] | Performing
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans		355,296
Commercial and industrial
Financing Receivable, Credit Quality Indicator [Line Items]
2024	6,895,684
2023	216,961
2020	291,171
Total loans	7,403,816
Total loans		3,398,557
Total Loans.	7,403,816
Commercial and industrial | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
2024	6,895,684
2023	216,961
2020	291,171
Total loans	7,403,816
Total loans		3,398,557
Total Loans.	7,403,816
Commercial and industrial | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans
Commercial and industrial | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans
Consumer
Financing Receivable, Credit Quality Indicator [Line Items]
2024	136,609
2023	370,793
2022	206,420
2021	52,893
2020	22,383
Prior	88,218
Total loans	877,316
Total loans		801,476
Total Loans.	877,316
Consumer | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
2024	136,609
2023	370,793
2022	206,420
2021	52,893
2020	22,383
Prior	88,218
Total loans	877,316
Total loans		801,476
Total Loans.	$ 877,316
Consumer | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans
Consumer | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans

Loans and Allowance for Credi_7

Loans and Allowance for Credit Losses - Credit risk profile of Bank's loan portfolio (Details) - USD ($)	Sep. 30, 2023	Jun. 30, 2023
Financing Receivable, Credit Quality Indicator [Line Items]
Total		$ 89,722,491
Total Loans.	$ 95,762,392
Real Estate Loan [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Total		66,212,742
Real Estate Loan [Member] | Performing
Financing Receivable, Credit Quality Indicator [Line Items]
Total		65,908,646
Real Estate Loan [Member] | Nonperforming
Financing Receivable, Credit Quality Indicator [Line Items]
Total		304,096
Residential real estate
Financing Receivable, Credit Quality Indicator [Line Items]
Total		65,857,446
Total Loans.	67,632,829
Residential real estate | Residential Portfolio Segment [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans.	67,632,829
Residential real estate | Residential Portfolio Segment [Member] | Performing
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans.	67,218,771
Residential real estate | Residential Portfolio Segment [Member] | Nonperforming
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans.	414,058
Residential real estate | Real Estate Loan [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Total		65,857,446
Residential real estate | Real Estate Loan [Member] | Performing
Financing Receivable, Credit Quality Indicator [Line Items]
Total		65,553,350
Residential real estate | Real Estate Loan [Member] | Nonperforming
Financing Receivable, Credit Quality Indicator [Line Items]
Total		304,096
Home equity line of credit (HELOC)
Financing Receivable, Credit Quality Indicator [Line Items]
Total		355,296
Total Loans.	499,481
Home equity line of credit (HELOC) | Performing
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans.	$ 499,481
Home equity line of credit (HELOC) | Real Estate Loan [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Total		355,296
Home equity line of credit (HELOC) | Real Estate Loan [Member] | Performing
Financing Receivable, Credit Quality Indicator [Line Items]
Total		$ 355,296

Loans and Allowance for Credi_8

Loans and Allowance for Credit Losses - Bank loan portfolio aging analysis (Details) - USD ($)	Sep. 30, 2023	Jun. 30, 2023
Financing Receivable, Past Due [Line Items]
Total		$ 89,722,491
Total Loans.	$ 95,762,392
Total Past Due
Financing Receivable, Past Due [Line Items]
Total		733,747
Total Loans.	841,016
60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total		616,352
Total Loans.	644,301
Greater Than 90 Days Past Due
Financing Receivable, Past Due [Line Items]
Total		117,395
Total Loans.	196,715
Current
Financing Receivable, Past Due [Line Items]
Total		88,988,744
Total Loans.	94,921,376
Real Estate Loan [Member]
Financing Receivable, Past Due [Line Items]
Total		66,212,742
Commercial real estate
Financing Receivable, Past Due [Line Items]
Total		6,009,615
Total Loans.	6,078,206
Commercial real estate | Current
Financing Receivable, Past Due [Line Items]
Total		6,009,615
Total Loans.	6,078,206
Commercial real estate | Real Estate Loan [Member]
Financing Receivable, Past Due [Line Items]
Total		6,009,615
Residential real estate
Financing Receivable, Past Due [Line Items]
Total		65,857,446
Total Loans.	67,632,829
Residential real estate | Total Past Due
Financing Receivable, Past Due [Line Items]
Total		733,747
Total Loans.	841,016
Residential real estate | 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total		616,352
Total Loans.	644,301
Residential real estate | Greater Than 90 Days Past Due
Financing Receivable, Past Due [Line Items]
Total		117,395
Total Loans.	196,715
Residential real estate | Current
Financing Receivable, Past Due [Line Items]
Total		65,123,699
Total Loans.	66,791,813
Residential real estate | Real Estate Loan [Member]
Financing Receivable, Past Due [Line Items]
Total		65,857,446
Multifamily real estate
Financing Receivable, Past Due [Line Items]
Total		688,393
Total Loans.	680,559
Multifamily real estate | Current
Financing Receivable, Past Due [Line Items]
Total		688,393
Total Loans.	680,559
Multifamily real estate | Real Estate Loan [Member]
Financing Receivable, Past Due [Line Items]
Total		688,393
Agricultural real estate
Financing Receivable, Past Due [Line Items]
Total		4,044,648
Total Loans.	4,018,236
Agricultural real estate | Current
Financing Receivable, Past Due [Line Items]
Total		4,044,648
Total Loans.	4,018,236
Agricultural real estate | Real Estate Loan [Member]
Financing Receivable, Past Due [Line Items]
Total		4,044,648
Construction and land
Financing Receivable, Past Due [Line Items]
Total		8,567,060
Total Loans.	8,571,949
Construction and land | Current
Financing Receivable, Past Due [Line Items]
Total		8,567,060
Total Loans.	8,571,949
Construction and land | Real Estate Loan [Member]
Financing Receivable, Past Due [Line Items]
Total		8,567,060
Home equity line of credit (HELOC)
Financing Receivable, Past Due [Line Items]
Total		355,296
Total Loans.	499,481
Home equity line of credit (HELOC) | Current
Financing Receivable, Past Due [Line Items]
Total		355,296
Total Loans.	499,481
Home equity line of credit (HELOC) | Real Estate Loan [Member]
Financing Receivable, Past Due [Line Items]
Total		355,296
Commercial and industrial
Financing Receivable, Past Due [Line Items]
Total		3,398,557
Total Loans.	7,403,816
Commercial and industrial | Current
Financing Receivable, Past Due [Line Items]
Total		3,398,557
Total Loans.	7,403,816
Consumer
Financing Receivable, Past Due [Line Items]
Total		801,476
Total Loans.	877,316
Consumer | Current
Financing Receivable, Past Due [Line Items]
Total		$ 801,476
Total Loans.	$ 877,316

Loans and Allowance for Credi_9

Loans and Allowance for Credit Losses - Summary of collateral dependent loans (Details)	Sep. 30, 2023 USD ($)
Financing Receivable, Allowance for Credit Loss [Line Items]
Recorded Investment	$ 95,762,392
Related Allowance	439,239
Commercial real estate
Financing Receivable, Allowance for Credit Loss [Line Items]
Recorded Investment	6,078,206
Related Allowance	40,492
Residential real estate
Financing Receivable, Allowance for Credit Loss [Line Items]
Recorded Investment	67,632,829
Related Allowance	214,574
Multifamily real estate
Financing Receivable, Allowance for Credit Loss [Line Items]
Recorded Investment	680,559
Related Allowance	1,757
Agricultural real estate
Financing Receivable, Allowance for Credit Loss [Line Items]
Recorded Investment	4,018,236
Related Allowance	15,791
Construction and land
Financing Receivable, Allowance for Credit Loss [Line Items]
Recorded Investment	8,571,949
Related Allowance	73,004
Home equity line of credit (HELOC)
Financing Receivable, Allowance for Credit Loss [Line Items]
Recorded Investment	499,481
Related Allowance	1,253
Commercial and industrial
Financing Receivable, Allowance for Credit Loss [Line Items]
Recorded Investment	7,403,816
Related Allowance	90,448
Consumer
Financing Receivable, Allowance for Credit Loss [Line Items]
Recorded Investment	877,316
Related Allowance	1,920
Collateral Pledged [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Recorded Investment	414,058
Collateral Pledged [Member] | Residential real estate
Financing Receivable, Allowance for Credit Loss [Line Items]
Recorded Investment	$ 414,058

Loans and Allowance for Cred_10

Loans and Allowance for Credit Losses - Information on impaired loans (Details)	12 Months Ended
	Jun. 30, 2023 USD ($)
Unpaid Principal Balance
Total unpaid principal balance	$ 304,096
Specific Allowance	7
Average Balance of Impaired Loans
Total average balance of impaired loans	309,727
Interest Income Recognized
Total interest income recognized	11,342
Collateral Pledged [Member]
Recorded Balance
Total recorded balance	304,096
Real Estate Loan [Member]
Interest Income Recognized
Loans without a specific valuation allowance:	7,456
Residential real estate
Average Balance of Impaired Loans
Loans without a specific valuation allowance:	248,057
Residential real estate | Real Estate Loan [Member]
Recorded Balance
Loans without a specific valuation allowance:	243,764
Loans with a specific valuation allowance:	60,332
Unpaid Principal Balance
Loans without a specific valuation allowance:	243,764
Loans with a specific valuation allowance:	60,332
Specific Allowance	7
Average Balance of Impaired Loans
Loans with a specific valuation allowance:	61,670
Interest Income Recognized
Loans with a specific valuation allowance:	$ 3,886

Loans and Allowance for Cred_11

Loans and Allowance for Credit Losses - Additional Information (Details)	3 Months Ended
	Sep. 30, 2023 USD ($)	Sep. 30, 2022 USD ($) loan
Loans and Allowance for Loan Losses
Accrued interest written off | $	$ 0	$ 0
Number of loans modified in troubled debt restructuring		0
Number of troubled debt restructurings modified in past 12 months that subsequently defaulted		0

Loans and Allowance for Cred_12

Loans and Allowance for Credit Losses - Nonaccrual loans (Details) - USD ($)	Sep. 30, 2023	Jun. 30, 2023
Financing Receivable, Past Due [Line Items]
Total Nonaccrual Loans at Beginning of Year	$ 414,058	$ 304,096
Residential real estate
Financing Receivable, Past Due [Line Items]
Total Nonaccrual Loans at Beginning of Year	$ 414,058	$ 304,096

Regulatory Matters (Details)

Regulatory Matters (Details)	3 Months Ended
	Sep. 30, 2023	Jun. 30, 2023
Regulatory Matters
Tier 1 Leverage capital ratio	1
Grace period	6 months
Tier 1 Leverage capital ratio, well capitalized, minimum	0.1743	0.2269

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, 2023	Jun. 30, 2023
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair value	$ 0
Fair Value, Recurring | U.S. Treasury bills
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair value	15,981,280
Fair Value, Recurring | U.S. Government agencies
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair value	6,519,960	$ 6,529,510
Fair Value, Recurring | Mortgage-backed GSEs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair value	31,360,458	28,929,259
Fair Value, Recurring | Collateralized mortgage obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair value	43,147,852	30,384,590
Fair Value, Recurring | Subordinated Debt
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair value	835,755
Fair Value, Recurring | Subordinated debt
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair value		860,470
Fair Value, Recurring | State and political subdivisions
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair value	3,682,173	3,881,365
Fair Value, Recurring | Level 2 | U.S. Treasury bills
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair value	15,981,280
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	6,519,960	6,529,510
Fair Value, Recurring | Level 2 | Mortgage-backed GSEs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair value	31,360,458	28,929,259
Fair Value, Recurring | Level 2 | Collateralized mortgage obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair value	43,147,852	30,384,590
Fair Value, Recurring | Level 2 | Subordinated Debt
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair value	835,755
Fair Value, Recurring | Level 2 | Subordinated debt
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair value		860,470
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	$ 3,682,173	$ 3,881,365

Disclosures about Fair Value _4

Disclosures about Fair Value of Assets and Liabilities (Details)	12 Months Ended
	Jun. 30, 2023 USD ($) loan	Sep. 30, 2023 USD ($)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liabilities, Fair value		$ 0
Carrying value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loan Receivable, Fair Value	$ 81,208,395	92,264,825
Fair Value, Nonrecurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liabilities, Fair value		0
Assets, Fair value		$ 0
Number of loans measured at fair value | loan	1
Fair Value, Nonrecurring | Carrying value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loan Receivable, Fair Value	$ 60,000

Disclosures about Fair Value _5

Disclosures about Fair Value of Assets and Liabilities - Estimated fair values of the Bank's financial instruments (Details) - USD ($)	Sep. 30, 2023	Jun. 30, 2023
Carrying value
Financial assets:
Cash and due from banks	$ 11,026,868	$ 5,515,728
Loans, net	92,264,825	81,208,395
FHLB Stock	702,800	396,800
FRB Stock	536,000
Accrued interest receivable	604,034	498,807
Financial liabilities:
Deposits	139,510,377	119,991,581
Borrowings	36,000,000	6,200,000
Accrued interest payable	336,703	55,667
Fair value
Financial assets:
Cash and due from banks	11,026,868	5,515,728
Loans, net	82,964,010	73,268,657
FHLB Stock	702,800	396,800
FRB Stock	536,000
Accrued interest receivable	604,034	498,807
Financial liabilities:
Deposits	140,049,925	120,415,085
Borrowings	35,948,000	6,191,000
Accrued interest payable	336,703	55,667
Level 1
Financial assets:
Cash and due from banks	11,026,868	5,515,728
Accrued interest receivable	604,034	498,807
Financial liabilities:
Deposits	64,623,925	68,571,085
Accrued interest payable	336,703	55,667
Level 2
Financial assets:
FHLB Stock	702,800	396,800
FRB Stock	536,000
Level 3
Financial assets:
Loans, net	82,964,010	73,268,657
Financial liabilities:
Deposits	75,426,000	51,844,000
Borrowings	$ 35,948,000	$ 6,191,000

Commitments - Commitments outst

Commitments - Commitments outstanding (Details) - USD ($)	Sep. 30, 2023	Jun. 30, 2023
Loss Contingencies [Line Items]
Total commitments outstanding	$ 11,521,675	$ 11,022,000
Commitments to originate loans
Loss Contingencies [Line Items]
Total commitments outstanding	2,390,519	7,028,000
Undisbursed balance of loans closed
Loss Contingencies [Line Items]
Total commitments outstanding	$ 9,131,156	$ 3,994,000

ESOP (Details)

ESOP (Details) - ESOP - USD ($)		3 Months Ended
	Jul. 14, 2022	Sep. 30, 2023	Sep. 30, 2022
ESOP
Amount borrowed	$ 1,538,000	$ 1,500,000
Total	153,834	153,834
Term of repayment of loan		20 years
Contributions to the ESOP		$ 0
Compensation expense		$ 29,000	$ 55,000
Shares allocated to participants		7,692
Number of unallocated shares		146,142
Fair value of unallocated shares		$ 1,900,000