VWF Bancorp (VWFB) 10-K 27 Sep 24 2024 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($) $ in Millions	12 Months Ended
	Jun. 30, 2024	Sep. 27, 2024	Dec. 31, 2023
Document and Entity Information [Abstract]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Jun. 30, 2024
Document Transition Report	false
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
Title of 12(g) Security	Common Stock, par value $0.01 per share
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
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
ICFR Auditor Attestation Flag	false
Document Financial Statement Error Correction [Flag]	false
Entity Shell Company	false
Entity Public Float			$ 18.2
Entity Common Stock, Shares Outstanding		1,914,965
Auditor Name	Forvis Mazars, LLP
Auditor Location	Fort Wayne, Indiana
Auditor Firm ID	686
Entity Central Index Key	0001913838
Current Fiscal Year End Date	--06-30
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	FY
Amendment Flag	false

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Jun. 30, 2024	Jun. 30, 2023
Assets
Cash and due from banks	$ 31,630,525	$ 5,515,728
Available-for-sale debt securities	139,344,952
Available-for-sale debt securities		70,585,194
Loans, net of allowance for credit losses of $772,969 at June 30, 2024 and $263,422 June 30, 2023, respectively	126,391,092
Loans, net of allowance for credit losses of $772,969 at June 30, 2024 and $263,422 June 30, 2023, respectively		81,208,395
Premises and equipment	2,261,260	1,409,347
Stock in correspondent banks	2,195,900	396,800
Bank owned life insurance	5,351,048	5,223,496
Accrued interest receivable	961,856	498,807
Right-of-use asset - operating lease	1,406,905
Other assets	1,710,583	1,131,536
Total assets	311,254,121	165,969,303
Deposits
Demand	26,493,048	26,551,336
Savings and money market	47,466,674	42,019,749
Time	135,350,608	51,420,496
Total deposits	209,310,330	119,991,581
Borrowings	62,000,000	6,200,000
Advances from borrowers	137,722	628,795
Operating lease liability	1,442,620
Accrued interest payable and other liabilities	1,815,617	650,927
Total liabilities	274,706,289	127,471,303
Commitments and Contingencies
Shareholders' Equity
Preferred stock, $0.01 par value, 1,000,000 shares authorized, none issued	0	0
Common stock, $0.01 par value, 14,000,000 shares authorized, 1,914,965 and 1,922,924 issued and outstanding at June 30, 2024 and June 30, 2023, respectively	19,229	19,229
Additional paid-in capital	18,006,472	17,875,071
Treasury stock, 36,800 shares at June 30, 2024 and 0 shares at June 30, 2023	(598,000)
Unearned ESOP	(1,346,047)	(1,461,422)
Retained earnings	22,843,782	24,916,481
Accumulated other comprehensive loss	(2,377,604)	(2,851,359)
Total shareholders' equity	36,547,832	38,498,000
Total liabilities and shareholders' equity	$ 311,254,121	$ 165,969,303

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($)	Jun. 30, 2024	Jun. 30, 2023
Consolidated Balance Sheets
Allowance for credit losses	$ 772,969
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	1,914,965	1,922,924
Common stock, Shares, Outstanding	1,914,965	1,922,924
Treasury stock, Shares	36,800	0

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($)	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Interest Income
Loans	$ 4,844,465	$ 2,871,985
Investment securities	6,614,900	1,484,124
Interest-bearing deposits and other	565,032	698,147
Total interest income	12,024,397	5,054,256
Interest Expense
Deposits	5,051,364	755,095
Borrowings	1,676,863	25,180
Total interest expense	6,728,227	780,275
Net Interest Income	5,296,170	4,273,981
Provision for Credit Losses - Loans	462,752	40,538
Provision for Credit Losses - Off Balance Sheet Credit Exposure	155,850
Credit Loss Expense	618,602	40,538
Net Interest Income After Provision for Credit Losses	4,677,568	4,233,443
Noninterest Income
Bank owned life insurance	127,552	111,413
Gain on disposal of assets	2,866
Other income	99,760	96,785
Total noninterest income	230,178	208,198
Noninterest Expense
Salaries and employee benefits	3,497,585	2,137,516
Pension plan withdrawal	262,927	1,051,820
Directors fees	259,728	158,550
Occupancy and equipment	474,642	284,211
Data processing fees	558,158	259,984
Franchise taxes	219,155	160,040
FDIC insurance premiums	141,971	48,809
Professional services	658,175	519,617
Advertising and marketing	455,117	35,464
Loss on sale of investment securities	1,951
Foreclosed assets, net	436
Other	947,474	513,727
Total noninterest expense	7,477,319	5,169,738
Loss before income taxes	(2,569,573)	(728,097)
Provision for income taxes (benefits)	(550,040)	(182,713)
Net Loss	$ (2,019,533)	$ (545,384)
Basic Loss Per Share (in dollars per share)	$ (1.14)	$ (0.31)
Diluted Loss Per Share (in dollars per share)	$ (1.14)	$ (0.31)

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Loss - USD ($)	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Consolidated Statements of Comprehensive Loss
Net Income (Loss)	$ (2,019,533)	$ (545,384)
Other comprehensive income (loss):
Net unrealized gains (losses) on available-for-sale securities	682,023	(1,040,054)
Change in funded status of defined benefit plan		(82,233)
Reclassification adjustment for amortization of defined benefit pension actuarial gain	(82,333)
Tax (expense) benefit	125,935	(201,221)
Other comprehensive income (loss)	473,755	(756,600)
Comprehensive loss	$ (1,545,778)	$ (1,301,984)

Consolidated Statements of Shar

Consolidated Statements of 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	Treasury Stock, at Cost	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
ESOP shares committed to be released				29,474		76,917									106,391
Net loss									(545,384)						(545,384)
Other comprehensive income (loss)												(756,600)			(756,600)
Ending balance (ASU 2016-13) at Jun. 30, 2023							$ (53,166)						$ (53,166)
Ending 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
ESOP shares committed to be released				58,251		115,375									173,626
Net loss									(2,019,533)						(2,019,533)
Other comprehensive income (loss)												473,755			473,755
Purchase of treasury stock										$ (598,000)					(598,000)
Stock compensation expense				73,150											73,150
Ending balance at Jun. 30, 2024		$ 19,229		$ 18,006,472		$ (1,346,047)			$ 22,843,782	$ (598,000)		$ (2,377,604)			$ 36,547,832

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Operating Activities
Net loss	$ (2,019,533)	$ (545,384)
Items not requiring (providing) cash:
Depreciation and amortization	175,348	66,412
Amortization (accretion) of premiums and discounts, net	(362,596)	51,449
Deferred income taxes	(554,628)	(175,944)
Provision for credit losses	618,602	40,538
Loss on sale of investment securities	1,951
Net losses on sale of foreclosed assets	436
Interest capitalization on available-for-sale securities	(252,187)
Gain on disposal of assets	(2,866)
Increase in cash surrender value of bank-owned life insurance	(127,552)	(111,413)
Stock and ESOP compensation expense	246,776	165,046
Changes in:
Accrued interest receivable	(463,049)	(279,612)
Operating lease liability	(9,786)
Other assets and liabilities	769,782	1,106,162
Net cash (used in) provided by operating activities	(1,979,302)	317,254
Investing Activities
Net change in interest-bearing time deposits		1,470,000
Purchases of available-for-sale securities	(114,767,266)	(51,735,943)
Proceeds from sales of available-for-sale securities	2,989,041	0
Proceeds from calls, maturities and paydowns of available-for-sale securities	44,313,322	4,553,656
Proceeds from sales of foreclosed assets	97,303
Purchase of other assets owned	(26,796)
Net change in loans	(45,763,187)	(3,538,745)
Purchase of premises and equipment	(990,360)	(104,125)
Proceeds from sales of premises and equipment	11,466
Purchase of correspondent bank stock	(3,401,100)
Proceeds from redemption of correspondent bank stock	1,602,000	616,100
Net cash used in investing activities	(115,935,577)	(48,739,057)
Financing Activities
Net increase in deposit accounts	89,318,749	10,001,372
Proceeds from borrowings	136,500,000	6,200,000
Repayment of borrowings	(80,700,000)
Purchase of treasury stock	(598,000)
Net change in advances by borrowers	(491,073)	13,060
Proceeds from issuance of common stock		1,011,257
Net cash provided by financing activities	144,029,676	17,225,689
Increase (Decrease) in Cash and Cash Equivalents	26,114,797	(31,196,114)
Cash and Cash Equivalents, Beginning of Period	5,515,728	36,711,842
Cash and Cash Equivalents, End of Period	31,630,525	5,515,728
Cash paid during the period for:
Interest on deposits and borrowings	6,005,063	288,506
Supplemental Disclosure of Noncash Financing Activities
Transfers from stock subscriptions to common stock and additional paid-in capital		$ 15,315,230
ROU asset obtained in exchange for new operating lease liability	1,452,406
Loans transferred to OREO	$ 70,943

Nature of Operations and Summar

Nature of Operations and Summary of Significant Accounting Policies	12 Months Ended
	Jun. 30, 2024
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 as of and for the years ended June 30, 2024 and 2023 include the accounts of VWF Bancorp, Inc. (“VFW 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., 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 the Bank in connection with the Bank’s conversion from the mutual to the stock form of organization (the “Conversion”). The Conversion was completed on July 13, 2022. The Company’s shares began trading on the OTCQB under symbol VWFB on July 14, 2022. VWFB shares began trading on OTCQX on June 30, 2023. 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, provides a variety of banking services to individuals and businesses within its principal market areas of Van Wert County, Ohio and Allen County, Indiana, as well as the surrounding areas. The Bank is a federal savings association subject to examination and regulation by the Office of the Comptroller of the Currency (“OCC”), and is also subject to examination by the FDIC as deposit insurer. Effective June 23, 2023, the Bank elected to be a “covered savings association” (“CSA”). A CSA has the same rights and privileges as a national bank that has its main offices situation 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. The Bank is engaged primarily in the business of making residential mortgage loans, commercial loans and accepting deposits. Its operations are conducted through its offices located in Van Wert, Ohio and Fort Wayne, Indiana. 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. 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 deferred tax assets and fair values of financial instruments. Cash and Cash Equivalents Cash and cash equivalents include cash, interest-bearing deposits in other institutions, certificates of deposit purchased with original maturities of three months or less and highly liquid debt instruments with original maturities when purchased for three months or less. At June 30, 2024, the Company’s cash accounts at nonfederal government or nongovernmental agencies exceeded FDIC insurance limits by approximately Debt Securities Debt securities held by the Bank generally are classified and recorded in the consolidated 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. Amortized cost excludes accrued interest receivable, which is included in Accrued Interest Receivable on the consolidated balance sheets. At June 30, 2024 and 2023, accrued interest receivable on available for sale ​ Prior to adoption of ASC 326 on July 1, 2023: Prior to July 1, 2023, when the fair value of securities is 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 is 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 is 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 on debt securities during the year ended June 30, 2023. 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. Accrued interest receivable on the Company’s loans, which is included in Accrued Interest Receivable on the consolidated balance sheets at June 30, 2024 and 2023 was $457,000 and $200,000, respectively, and is excluded from the estimate of credit losses. 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 Note 2 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 loan losses. This methodology assessed the overall appropriateness of the allowance for loan 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. Premises and Equipment Depreciable assets are stated at cost less accumulated depreciation. Depreciation is charged to expense using the straight-line method over the estimated useful lives of the assets. Lease Commitments The Company determines if an arrangement is a lease or contains a lease at inception. Leases result in the recognition of right-of-use (“ROU”) assets and lease liabilities on the Consolidated Balance Sheets. ROU assets represent the right to use an underlying asset for the lease term, and lease liabilities represent the obligation to make lease payments arising from the lease, measured on a discounted basis. The Company determines lease classification as operating or finance at the lease commencement date. The Company combines lease and nonlease components, such as common area and other maintenance costs, in calculating the ROU assets and lease liabilities for its office building leases in Fort Wayne, Indiana. At lease inception, the lease liability is measured at the present value of the lease payments over the lease term. The ROU asset equals the lease liability adjusted for any initial direct costs, prepaid or deferred rent, and lease incentives. The discount rate used in determining the lease liability and related ROU asset is based upon what would be obtained by the Company for similar loans as an incremental rate as of the date of origination or renewal. The lease term may include options to extend or to terminate the lease that the Company is reasonably certain to exercise. Lease expense is generally recognized on a straight-line basis over the lease term. The Company has elected not to record leases with an initial term of 12 months or less on the Consolidated Balance Sheets. Lease expense on such leases is recognized on a straight-line basis over the lease term. Stock in Correspondent Banks Federal Home Loan Bank (FHLB) Stock The Bank is a member of the FHLB system. Members are required to own a certain amount of stock based on the level of borrowings and other factors and may invest in additional amounts. FHLB stock is carried at cost, classified as a restricted security, and periodically evaluated for impairment based on ultimate recovery of par value. For the years ended June 30, 2024 and 2023, Federal Reserve Bank (FRB) Stock The Bank is a member of its regional Federal Reserve Bank. FRB stock is carried at cost, classified as a restricted security, and periodically evaluated for impairment based on the ultimate recovery of par value. For the year ended June 30, 2024, impairment has been recognized. The Bank did not own any FRB stock during the year ended June 30, 2023. Bank Owned Life Insurance The Company has purchased life insurance on certain employees. Bank owned life insurance is recorded at the amount that can be realized under the insurance contract at the balance sheet date, which is the cash surrender value adjusted for other charges or other amounts due that are probable at settlement. Foreclosed Assets Held for Sale Foreclosed assets include real property and other assets that have been acquired as a result of foreclosure. At the time of foreclosure, foreclosed assets are recorded at fair value less costs to sell when acquired, establishing a new cost basis. These assets are subsequently accounted for at the lower of cost or fair value less estimated costs to sell. If fair value declines subsequent to foreclosure, a valuation allowance is recorded through expense. Operating costs after acquisition are expensed. At June 30, 2024 and 2023, there were foreclosed assets recorded as a result of obtaining physical possession of the property. At June 30, 2024 and 2023, there were no loans for which formal foreclosure procedures were in process. Income Taxes The Company accounts for income taxes in accordance with income tax accounting guidance (ASC 740, Income Taxes Deferred income tax expense results from changes in deferred tax assets and liabilities between periods. Deferred tax assets are reduced by a valuation allowance if, based on the weight of evidence available, it is more likely than not that some portion or all of a deferred tax asset will not be realized. Tax positions are recognized if it is more likely than not, based on the technical merits, that the tax position will be realized or sustained upon examination. The term more likely than not means a likelihood of more than 50 percent; the terms examined and upon examination also include resolution of the related appeals or litigation processes, if any. A tax position that meets the more-likely-than-not recognition threshold is initially and subsequently measured as the largest amount of tax benefit that has a greater than 50 percent likelihood of being realized upon settlement with a taxing authority that has full knowledge of all relevant information. The determination of whether or not a tax position has met the more-likely-than-not recognition threshold considers the facts, circumstances and information available at the reporting date and is subject to management’s judgment. If necessary, the Company recognizes interest and penalties on income taxes as a component of income tax expense. With a few exceptions, the Company is no longer subject to examination by tax authorities for calendar years before 2021. As of June 30, 2024, the Company had no material uncertain income tax positions. Employee Stock Ownership Plan (ESOP) The cost of shares issued to the Employee Stock Ownership Plan (“ESOP”), but not yet allocated to participants, is shown as a reduction of shareholders’ equity. Compensation expense is based on the average fair value of shares as they are committed to be released to participant accounts. Stock-Based Compensation Compensation cost is recognized for stock options and restricted stock awards issued to employees and directors based on the fair value of these awards at the date of grant. A Black-Scholes model is utilized to estimate the fair value of stock options, while the market price of the Company’s common stock at the date of grant is used for restricted stock awards. Compensation cost is recognized over the required service period, generally defined as the vesting period. For awards with graded vesting, compensation cost is recognized on a straight-line basis over the requisite service period for the entire award. The Company’s accounting policy is to recognize forfeitures as they occur. Treasury Stock Common stock shares repurchased are recorded at cost. Cost of shares retired or reissued is determined using the first-in, first-out method. Earnings (Loss) Per Share Basic earnings (loss) per share (“EPS”) represents income available or loss attributable to common shareholders divided by the weighted average number of common shares outstanding during the period. Unallocated common shares held by the ESOP are not included in the weighted average number of common shares outstanding for purposes of calculating EPS until they are committed to be released. Legally issued and outstanding unvested restricted shares are not included in the weighted average number of common shares outstanding for purposes of calculating basic EPS until the awards vest, however, these shares are included in the computation of the denominator of diluted EPS, if dilutive. Diluted EPS reflects additional common shares that would ha

Recent Accounting Pronouncement

Recent Accounting Pronouncements	12 Months Ended
	Jun. 30, 2024
Recent Accounting Pronouncements
Recent Accounting Pronouncements	Note 2: Accounting Standards Adopted in 2024 Measurement of Credit Losses on Financial Instruments: 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, using the modified retrospective method for all financial assets measured at amortized cost and off-balance sheet credit exposures. Results for the year ended June 30, 2024, 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”). The transition adjustment for the adoption included an increase in the allowance for loan losses of $47,000, an increase in the allowance for unfunded loan commitments and letters of credit of $21,000, and a $53,000 decrease to retained earnings to reflect the cumulative effect of adopting the standard on the Company’s consolidated balance sheets. See Debt Securities, Loans, and Allowance for Credit Losses on Loans accounting policies in Note 1 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. Accounting Standards Updates Issued, but Not Adopted Income Taxes: Income Taxes (Topic 740): Improvements to Income Tax Disclosures . The amendments in this ASU add specific requirements for income tax disclosures to improve transparency and decision usefulness. The guidance in ASU 2023-09 requires that public business entities disclose specific categories in the income tax rate reconciliation and provide additional qualitative information for reconciling items that meet a quantitative threshold. In addition, the amendments in ASU 2023-09 require that all entities disclose the amount of income taxes paid disaggregated by federal, state, and foreign taxes and disaggregated by individual jurisdictions. The ASU also includes other disclosure amendments related to the disaggregation of income tax expense between federal, state and foreign taxes. For public business entities, the amendments in this update are effective for annual periods beginning after December 15, 2024. Early adoption is permitted for annual financial statements that have not yet been issued or made available for issuance. The amendments in this update should be applied on a prospective basis and retrospective application is permitted. Segment Reporting: Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures . These amendments require, among other things, that a public entity that has a single reportable segment provide all the disclosures required by the amendments in this ASU and all existing segment disclosures in Topic 208. This ASU is effective for fiscal years beginning after December 15, 2023, and interim periods withing fiscal years beginning after December 15, 2024. Early adoption is permitted. A public entity should apply the amendments retrospectively to all periods presented in the financial statements.

Debt Securities

Debt Securities	12 Months Ended
	Jun. 30, 2024
Debt Securities
Debt Securities	Note 3: Debt securities held by the Company generally are classified and recorded in the consolidated 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 Available-for-sale Securities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2024 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. Government agencies ​ $ 6,000,000 ​ $ — ​ $ 285,910 ​ $ 5,714,090 Mortgage-backed Government ​ ​ ​ ​ Sponsored Enterprises (GSEs) ​ 29,387,507 ​ 49,792 ​ 1,676,887 ​ 27,760,412 Collateralized mortgage obligations (CMOs) ​ ​ 99,668,482 ​ ​ 293,565 ​ ​ 459,194 ​ ​ 99,502,853 Subordinated debt ​ ​ 2,750,000 ​ ​ — ​ ​ 212,045 ​ ​ 2,537,955 State and political subdivisions ​ 4,548,588 ​ — ​ 718,946 ​ 3,829,642 ​ ​ $ 142,354,577 ​ $ 343,357 ​ $ 3,352,982 ​ $ 139,344,952 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 (CMOs) ​ ​ 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 June 30, 2024, 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: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2024 ​ ​ Available-for-sale ​ ​ Amortized ​ Fair ​ Cost Value Within one year ​ $ 1,000,000 ​ $ 996,160 One to five years ​ 5,937,973 ​ 5,557,166 Five to ten years ​ 4,995,032 ​ 4,443,293 After ten years ​ 1,365,583 ​ 1,085,068 ​ ​ ​ 13,298,588 ​ ​ 12,081,687 Mortgage-backed GSE's and CMO's ​ 129,055,989 ​ 127,263,265 Totals ​ $ 142,354,577 ​ $ 139,344,952 ​ The carrying value of securities pledged as collateral, to secure public deposits and for other purposes, was $54,822,000 and at Proceeds from sales of securities totaled $2,989,000 during the fiscal year ended June 30, 2024. Such sales resulted in realized losses of $2,000. There were no sales of securities during the fiscal year ended June 30, 2023. 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 June 30, 2024 and 2023, was $85,595,000 and $61,879,000, which is approximately 61 percent and 88 percent, respectively, of the fair value of the Company’s total investment portfolio. Management believes that all unrealized losses at June 30, 2024 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 June 30, 2024 and June 30, 2023 is summarized as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2024 ​ ​ 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 ​ $ — ​ $ — ​ $ 5,714,090 ​ $ 285,910 ​ $ 5,714,090 ​ $ 285,910 Mortgage-backed Government ​ ​ ​ ​ ​ ​ Sponsored Enterprises (GSEs) ​ 2,910,227 ​ 3,516 ​ 13,077,539 ​ 1,673,371 ​ 15,987,766 ​ 1,676,887 Collateralized mortgage obligations ​ ​ 55,863,004 ​ ​ 418,582 ​ ​ 1,662,871 ​ ​ 40,612 ​ ​ 57,525,875 ​ ​ 459,194 Subordinated debt ​ ​ 1,688,750 ​ ​ 61,250 ​ ​ 849,205 ​ ​ 150,795 ​ ​ 2,537,955 ​ ​ 212,045 State and political subdivisions ​ — ​ — ​ 3,829,642 ​ 718,946 ​ 3,829,642 ​ 718,946 Total available-for-sale securities ​ $ 60,461,981 ​ $ 483,348 ​ $ 25,133,347 ​ $ 2,869,634 ​ $ 85,595,328 ​ $ 3,352,982 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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	12 Months Ended
	Jun. 30, 2024
Loans and Allowance for Credit Losses
Loans and Allowance for Credit Losses	Note 4: Categories of loans at June 30, 2024 and June 30, 2023 include: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ 2024 2023 Real estate loans: ​ ​ ​ ​ ​ ​ Commercial ​ $ 19,724,941 ​ $ 6,009,615 Residential ​ 69,826,726 ​ 65,857,446 Multifamily ​ 659,257 ​ 688,393 Agricultural ​ 4,213,660 ​ 4,044,648 Construction and land ​ 17,644,710 ​ 8,567,060 Home equity line of credit (HELOC) ​ 1,622,877 ​ 355,296 Commercial and industrial ​ ​ 14,879,004 ​ ​ 3,398,557 Consumer ​ 955,415 ​ 801,476 Total loans ​ 129,526,590 ​ 89,722,491 Less: ​ ​ Undisbursed loans in process ​ 2,222,582 ​ 8,202,918 Net deferred loan fees ​ 139,947 ​ 47,756 Allowance for credit losses ​ 772,969 ​ 263,422 Net loans ​ $ 126,391,092 ​ $ 81,208,395 ​ The following tables present the activity in the allowance for credit losses based on portfolio segment for the years ended June 30, 2024 and 2023. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance ​ Adoption of ​ Provision (credit) ​ ​ ​ ​ ​ Balance ​ ​ June 30, 2023 ASC 326 ​ for loan losses Charge-offs Recoveries June 30, 2024 Real estate loans: ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ $ 27,379 ​ $ (2,203) ​ $ 181,783 ​ $ ​ ​ $ ​ ​ $ 206,959 Residential ​ 167,714 ​ 41,930 ​ (35,031) ​ — ​ — ​ 174,613 Multifamily ​ 1,786 ​ (9) ​ (502) ​ — ​ — ​ 1,275 Agricultural ​ 17,091 ​ (1,196) ​ (3,734) ​ — ​ — ​ 12,161 Construction and land ​ ​ 12,491 ​ ​ 10,144 ​ 167,959 ​ — ​ — ​ 190,594 HELOC ​ ​ 34,779 ​ ​ (33,888) ​ 2,160 ​ — ​ — ​ 3,051 Commercial and industrial ​ ​ 882 ​ ​ 31,562 ​ 150,567 ​ — ​ — ​ 183,011 Consumer ​ ​ 1,300 ​ ​ 455 ​ (450) ​ — ​ — ​ 1,305 Total ​ $ 263,422 ​ $ 46,795 ​ $ 462,752 ​ $ — ​ $ — ​ $ 772,969 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unfunded loan commitments and letters of credit ​ $ — ​ $ 20,503 ​ $ 155,850 ​ $ — ​ $ — ​ $ 176,353 ​ The reserve for unfunded loan commitments as of June 30, 2024, is included in accrued interest payable and other liabilities on the accompanying consolidated balance sheet. There was no reserve for unfunded loan commitments as of June 30, 2023. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance ​ Provision (credit) ​ ​ ​ ​ ​ Balance ​ June 30, 2022 for loan losses Charge-offs Recoveries June 30, 2023 Real estate loans: ​ ​ ​ ​ ​ Commercial ​ $ 20,643 ​ $ 6,736 ​ $ — ​ $ — ​ $ 27,379 Residential ​ 177,830 ​ (10,116) ​ — ​ — ​ 167,714 Multifamily ​ 1,926 ​ (140) ​ — ​ — ​ 1,786 Agricultural ​ ​ 13,868 ​ 3,223 ​ — ​ — ​ 17,091 Construction and land ​ ​ 5,477 ​ 7,014 ​ — ​ — ​ 12,491 HELOC ​ ​ 1,306 ​ 33,473 ​ — ​ — ​ 34,779 Commercial and industrial ​ ​ 709 ​ 173 ​ — ​ — ​ 882 Consumer ​ ​ 1,125 ​ 175 ​ — ​ — ​ 1,300 Total ​ $ 222,884 ​ $ 40,538 ​ $ — ​ $ — ​ $ 263,422 ​ The following tables present the balance in the allowance for credit losses and the recorded investment in loans based on portfolio segment as of June 30, 2023: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Allowance for credit losses ​ Loans ​ ​ Individually Collectively Individually Collectively June 30, 2023 ​ ​ ​ ​ ​ Real estate loans: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ $ — ​ $ 27,379 ​ $ — ​ $ 6,009,615 ​ Residential ​ ​ 7 ​ 167,707 ​ 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 ​ $ 263,415 ​ $ 304,096 ​ $ 89,418,395 ​ ​ The Company has adopted a standard loan grading system for all non-residential real estate 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 home 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 June 30, 2024 based on year of origination: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Revolving Loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amortized ​ ​ ​ ​ 2024 2023 2022 2021 2020 Prior ​ Cost Basis ​ Total June 30, 2024 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass (1-3) $ 14,580,611 ​ $ 1,093,719 ​ $ 1,456,599 ​ $ 336,694 ​ $ 295,178 ​ $ 1,962,140 ​ $ — ​ $ 19,724,941 Monitor (4) ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Special Mention (5) ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Substandard (6) ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Doubtful (7) ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Total commercial $ 14,580,611 ​ $ 1,093,719 ​ $ 1,456,599 ​ $ 336,694 ​ $ 295,178 ​ $ 1,962,140 ​ $ — ​ $ 19,724,941 Gross charge-offs $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Multifamily ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass (1-3) $ — ​ $ — ​ $ 659,257 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 659,257 Monitor (4) ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Special Mention (5) ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Substandard (6) ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Doubtful (7) ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Total multifamily $ — ​ $ — ​ $ 659,257 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 659,257 Gross charge-offs $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Agricultural ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass (1-3) $ 627,343 ​ $ 1,087,542 ​ $ 827,774 ​ $ 615,048 ​ $ 278,000 ​ $ 566,671 ​ $ — ​ $ 4,002,378 Monitor (4) ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 211,282 ​ ​ — ​ ​ 211,282 Special Mention (5) ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Substandard (6) ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Doubtful (7) ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Total agricultural $ 627,343 ​ $ 1,087,542 ​ $ 827,774 ​ $ 615,048 ​ $ 278,000 ​ $ 777,953 ​ $ — ​ $ 4,213,660 Gross charge-offs $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Construction and land ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass (1-3) $ 12,732,392 ​ $ 4,855,874 ​ $ 20,212 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 17,608,478 Monitor (4) ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Special Mention (5) ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Substandard (6) ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 36,232 ​ ​ — ​ ​ 36,232 Doubtful (7) ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Total construction and land $ 12,732,392 ​ $ 4,855,874 ​ $ 20,212 ​ $ — ​ $ — ​ $ 36,232 ​ $ — ​ $ 17,644,710 Gross charge-offs $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Commercial and industrial ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass (1-3) $ 14,429,210 ​ $ 161,367 ​ $ — ​ $ 288,427 ​ $ — ​ $ — ​ $ — ​ $ 14,879,004 Monitor (4) ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Special Mention (5) ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Substandard (6) ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Doubtful (7) ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Total commercial and industrial $ 14,429,210 ​ $ 161,367 ​ $ — ​ $ 288,427 ​ $ — ​ $ — ​ $ — ​ $ 14,879,004 Gross charge-offs $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Consumer ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass (1-3) $ 493,671 ​ $ 287,793 ​ $ 132,845 ​ $ 17,597 ​ $ 11,714 ​ $ 11,795 ​ $ — ​ $ 955,415 Monitor (4) ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Special Mention (5) ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Substandard (6) ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Doubtful (7) ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Total consumer $ 493,671 ​ $ 287,793 ​ $ 132,845 ​ $ 17,597 ​ $ 11,714 ​ $ 11,795 ​ $ — ​ $ 955,415 Gross charge-offs $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Residential ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Performing $ 9,835,966 ​ $ 5,704,514 ​ $ 14,362,807 ​ $ 16,673,325 ​ $ 7,723,487 ​ $ 14,614,432 ​ $ 410,032 ​ $ 69,324,563 Nonperforming ​ — ​ ​ 145,011 ​ ​ 46,674 ​ ​ — ​ ​ — ​ ​ 310,478 ​ ​ — ​ ​ 502,163 Total residential $ 9,835,966 ​ $ 5,849,525 ​ $ 14,409,481 ​ $ 16,673,325 ​ $ 7,723,487 ​ $ 14,924,910 ​ $ 410,032 ​ $ 69,826,726 Gross charge-offs $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — HELOC ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Performing $ 1,231,286 ​ $ 34,140 ​ $ 145,393 ​ $ 39,737 ​ $ 51,479 ​ $ 120,842 ​ $ — ​ $ 1,622,877 Nonperforming ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Total HELOC $ 1,231,286 ​ $ 34,140 ​ $ 145,393 ​ $ 39,737 ​ $ 51,479 ​ $ 120,842 ​ $ — ​ $ 1,622,877 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 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 past year. ​ The following tables present the Company’s loan portfolio aging analysis of the recorded investment in loans as of June 30, 2024 and 2023: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2024 ​ ​ ​ ​ ​ ​ ​ ​ 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 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 19,724,941 ​ $ 19,724,941 ​ $ — Residential ​ 559,332 ​ 87,754 ​ 71,729 ​ 718,815 ​ 69,107,911 ​ 69,826,726 ​ — Multifamily ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 659,257 ​ ​ 659,257 ​ ​ — Agricultural ​ — ​ — ​ — ​ — ​ 4,213,660 ​ 4,213,660 ​ — Construction and land ​ 36,232 ​ — ​ — ​ 36,232 ​ 17,608,478 ​ 17,644,710 ​ — HELOC ​ — ​ — ​ — ​ — ​ 1,622,877 ​ 1,622,877 ​ — Commercial and industrial ​ — ​ — ​ — ​ — ​ 14,879,004 ​ 14,879,004 ​ — Consumer ​ 1,528 ​ 3,522 ​ — ​ 5,050 ​ 950,365 ​ 955,415 ​ — Total ​ $ 597,092 ​ $ 91,276 ​ $ 71,729 ​ $ 760,097 ​ $ 128,766,493 ​ $ 129,526,590 ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 ​ $ — ​ The following table presents the amortized cost basis of collateral-dependent loans by class of loans and related allowance, if any, as of June 30, 2024: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of June 30, 2024 ​ ​ ​ ​ ​ ​ ​ ​ ​ Related ​ ​ Real Estate ​ Other ​ Total ​ Allowance Real estate ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ $ — ​ $ — ​ $ — ​ $ — Residential ​ ​ 502,163 ​ ​ — ​ ​ 502,163 ​ ​ — Multifamily ​ ​ — ​ ​ — ​ ​ — ​ ​ — Agricultural ​ ​ — ​ ​ — ​ ​ — ​ ​ — Construction and land ​ ​ 36,232 ​ ​ — ​ ​ 36,232 ​ ​ — Home equity line of credit (HELOC) ​ ​ — ​ ​ — ​ ​ — ​ ​ — Commercial and industrial ​ — ​ — ​ — ​ — Consumer ​ — ​ 15,672 ​ 15,672 ​ — Totals ​ $ 538,395 ​ $ 15,672 ​ $ 554,067 ​ $ — ​ Information about impaired loans as of and for the year ended 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 June 30, 2024 and 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 June 30, 2024 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Real estate loans: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Residential ​ ​ 502,163 ​ ​ — ​ ​ 502,163 ​ ​ 304,096 ​ ​ — ​ ​ — Multifamily ​ — ​ — ​ — ​ — ​ — ​ — Agricultural ​ — ​ — ​ — ​ — ​ — ​ — Construction and land ​ 36,232 ​ — ​ 36,232 ​ — ​ — ​ — Home equity line of credit (HELOC) ​ — ​ — ​ — ​ — ​ — ​ — Commercial and industrial ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Consumer ​ 15,672 ​ — ​ 15,672 ​ — ​ — ​ — Total ​ $ 554,067 ​ $ — ​ $ 554,067 ​ $ 304,096 ​ $ — ​ $ — ​ During the year ended June 30, 2024, there were no significant modifications of loans to borrowers who were experiencing financial difficulty. The company did not provide any modifications under these circumstances to borrowers. There were

Premises and Equipment

Premises and Equipment	12 Months Ended
	Jun. 30, 2024
Premises and Equipment
Premises and Equipment	Note 5: Major classifications of premises and equipment, stated at cost, at June 30, 2024 and 2023, are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ 2024 2023 Land ​ $ 572,183 ​ $ 572,183 Buildings and improvements ​ 1,344,309 ​ 1,357,006 Furniture and equipment ​ 996,000 ​ 1,099,722 Leasehold improvements ​ ​ 220,822 ​ ​ — Software ​ ​ 72,614 ​ ​ — IT equipment and improvements ​ 98,758 ​ 65,741 Construction in progress ​ ​ 309,078 ​ ​ — Total premises and equipment ​ 3,613,764 ​ 3,094,652 Accumulated depreciation ​ (1,352,504) ​ (1,685,305) Total premises and equipment, net ​ $ 2,261,260 ​ $ 1,409,347 ​

Time Deposits

Time Deposits	12 Months Ended
	Jun. 30, 2024
Time Deposits
Time Deposits	Note 6: Time deposits in denominations of $250,000 or more were $10,361,000 and $5,716,000 at June 30, 2024 and 2023, respectively. At June 30, 2024, the scheduled maturities of time deposits were as follows: ​ ​ ​ ​ ​ Maturing year ending June 30, ​ ​ ​ 2025 ​ $ 46,051,659 2026 ​ ​ 41,636,458 2027 ​ 19,135,762 2028 ​ 11,246,711 2029 ​ 17,280,018 Thereafter ​ — ​ ​ $ 135,350,608 ​

Borrowings

Borrowings	12 Months Ended
	Jun. 30, 2024
Borrowings
Borrowings	Note 7: Borrowed funds at June 30, 2024 and 2023, are summarized as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ ​ 2024 2023 ​ ​ Rate ​ Amount ​ Rate ​ Amount Advances from Federal Home Loan Bank of Cincinnati ​ 5.46% ​ $ 38,500,000 ​ 5.19% ​ $ 6,200,000 Advances from Federal Reserve Bank of Cleveland ​ 4.76% ​ 23,500,000 ​ ​ ​ — Total borrowings ​ ​ $ 62,000,000 ​ ​ $ 6,200,000 ​ All borrowings from the Federal Reserve Bank (“FRB”) of Cleveland under the Bank Term Funding Program (“BTFP”) and Federal Home Loan Bank (“FHLB”) of Cincinnati mature in fiscal year 2025. Interest payments are due at maturity for the advances from the FRB and are due monthly for FHLB advances. ​ Based on collateral pledged, consisting of all shares of FHLB stock owned and a blanket pledge of approximately $65,848,000 and $63,155,000 of its qualifying mortgage loans as of June 30, 2024 and 2023, respectively, the Company was eligible to borrow up to an additional $3,945,000 as of June 30, 2024.

Leases

Leases	12 Months Ended
	Jun. 30, 2024
Leases
Leases	Note 8: Leases ​ The Company has two operating leases for office space for its Fort Wayne branch and executive offices. Both leases expire in 2034 and include renewal options. The Company did not include the renewal options in the lease term as it is not reasonably certain that those will be exercised. The Company also has a short term lease for temporary office space expiring in September 2024. ​ The lease cost and other required information for the year ended June 30, 2024 is as follows: ​ ​ ​ ​ ​ ​ ​ 2024 Lease cost ​ ​ ​ Operating lease cost ​ $ 77,187 Short-term lease cost ​ ​ 39,655 Variable lease cost ​ ​ - Total lease cost ​ $ 116,842 ​ ​ ​ ​ ​ ​ ​ 2024 Other information ​ ​ ​ Cash paid for amounts included in the measurement of ​ ​ ​ lease liabilities ​ ​ ​ Operating cash flows from operating leases ​ $ 63,066 Right-of-use assets obtained in exchange for new ​ ​ ​ operating lease liabilities ​ ​ 1,452,406 Weighted-average remaining lease term ​ ​ 9.59 yrs Weighted-average discount rate ​ ​ 5.1% ​ Future minimum lease payments and reconciliation to the consolidated balance sheet at June 30, 2024, are as follows: ​ ​ ​ ​ ​ ​ ​ ​ Operating ​ ​ ​ Leases 2025 ​ $ 159,960 2026 ​ ​ 178,307 2027 ​ ​ 182,743 2028 ​ ​ 187,316 2029 ​ ​ 192,010 Thereafter ​ ​ 942,680 Total future undiscounted lease payments ​ ​ 1,843,016 Less interest ​ ​ (400,396) Lease liabilities ​ $ 1,442,620 ​

Income Taxes

Income Taxes	12 Months Ended
	Jun. 30, 2024
Income Taxes
Income Taxes	Note 9: The provision for income taxes includes these components: ​ ​ ​ ​ ​ ​ ​ ​ ​ 2024 2023 Taxes currently payable ​ $ 4,588 ​ $ (6,769) Deferred income taxes ​ (554,628) ​ (175,944) Income tax expense (benefit) ​ $ (550,040) ​ $ (182,713) ​ A reconciliation of the federal income tax expense (benefit) at the statutory rate to the Company’s actual income tax expense (benefit) is shown below: ​ ​ ​ ​ ​ ​ ​ ​ ​ 2024 2023 Computed at statutory rate (21%) ​ $ (539,610) ​ $ (152,900) Increase (decrease) resulting from: ​ ​ ​ ​ Bank-owned life insurance ​ (26,786) ​ (23,397) ESOP ​ ​ 8,516 ​ ​ 17,982 Incentive stock options ​ ​ 950 ​ ​ — Nontaxable interest income on municipal securities ​ ​ (9,175) ​ ​ (9,070) Other ​ 16,065 ​ (15,328) Actual income tax benefit ​ $ (550,040) ​ $ (182,713) ​ The composition of the Company’s net deferred tax asset at June 30, 2024 and 2023, is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2024 ​ 2023 Deferred tax assets ​ ​ Allowance for credit losses ​ $ 199,358 ​ $ 55,319 Unrealized losses on available-for-sale securities ​ 632,021 ​ 775,246 Operating lease liability ​ ​ 302,950 ​ ​ — Net operating loss carryforward ​ ​ 372,397 ​ ​ 86,723 Other ​ 124,485 ​ 70,283 Deferred tax assets ​ 1,631,211 ​ 987,571 ​ ​ ​ ​ ​ ​ ​ Deferred tax liabilities ​ ​ Depreciation ​ (33,622) ​ (27,640) Right of use asset - operating lease ​ ​ (295,450) ​ ​ — Federal Home Loan Bank stock dividends ​ — ​ (83,328) Defined benefit pension plan ​ — ​ (17,290) Deferred tax liabilities ​ (329,072) ​ (128,258) ​ ​ ​ ​ ​ ​ ​ Net deferred tax asset ​ $ 1,302,139 ​ $ 859,313 ​ Retained earnings at both June 30, 2024 and 2023, includes approximately $1.8 million for which no deferred federal income tax liability has been recognized. This amount represents an allocation of income to bad debt deductions for tax purposes only. Reduction of amounts so allocated for purposes other than tax bad debt losses or adjustments arising from carryback of net operating losses would create income for tax purposes only, which would be subject to the then-current corporate income tax rate. The deferred income tax liability on the preceding amount that would have been recorded if it was expected to reverse into taxable income in the foreseeable future was approximately $375,000 at June 30, 2024 and 2023. ​ The Company has approximately $1,773,000 of net operating loss carryforwards at June 30, 2024 that do not expire. Realization of deferred tax assets associated with the net operating loss carryforwards is dependent upon generating sufficient taxable income. The Company’s net operating losses were generated after 2021 and have no expiration. Management believes it is more-likely-than-not that these will be realized through a reduction in future taxes payable and as such, no valuation allowance is deemed necessary.

Capital and Regulatory Matters

Capital and Regulatory Matters	12 Months Ended
	Jun. 30, 2024
Capital and Regulatory Matters
Capital and Regulatory Matters	Note 10: 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 i.e. two Coronavirus Aid, Relief, and Economic Security Act Share Repurchase Program On February 20, 2024, the board of directors of the Company authorized a share repurchase program of up to $600,000 of the Company’s common stock. The share repurchase program does not require the Company to acquire any specific number of shares and may be modified, suspended, extended or terminated by the Company at any time without prior notice. During the year ended June 30, 2024, the Company repurchased . As of June 30, 2024, the Company had

Related Party Transactions

Related Party Transactions	12 Months Ended
	Jun. 30, 2024
Related Party Transactions
Related Party Transactions	Note 11: The Company’s loans outstanding to certain of its executive officers, directors and their related interests, as of June 30, 2024 and 2023, and activity within those years, was as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2024 ​ 2023 Balance at beginning of year ​ $ 3,766,000 ​ $ 4,151,000 Loans disbursed ​ 1,500,000 ​ 60,000 Repayments ​ (447,121) ​ (445,000) Balance at end of year ​ $ 4,818,879 ​ $ 3,766,000 ​ At June 30, 2024 and 2023, respectively, $0 and $997,000, of the related party loan balance was committed and undispersed. In management’s opinion, such loans and other extensions of credit and deposits were made in the ordinary course of business and were made on substantially the same terms (including interest rates and collateral) as those prevailing at the time for comparable transactions with other persons. Further, in management’s opinion, these loans did not involve more than normal risk of collectability or present other unfavorable features. Deposits from related parties held by the Company at June 30, 2024 and 2023, totaled approximately $3,408,000 and $2,405,000, respectively.

Earnings (Loss) Per Share

Earnings (Loss) Per Share	12 Months Ended
	Jun. 30, 2024
Earnings (Loss) Per Share
Earnings (Loss) Per Share	Note 12: Earnings (Loss) Per Share ​ Loss per common share for the years ended June 30, 2024 and 2023 is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2024 ​ 2023 Basic ​ ​ ​ ​ ​ ​ Net loss ​ $ (2,019,533) ​ $ (545,384) ​ ​ ​ ​ ​ ​ ​ Shares outstanding for basic (loss) earnings per share: ​ ​ ​ ​ ​ ​ Weighted-average common shares outstanding ​ ​ 1,909,423 ​ ​ 1,922,924 Less average unearned ESOP shares ​ ​ (140,535) ​ ​ (149,868) Weighted-average shares - basic ​ ​ 1,768,888 ​ ​ 1,773,056 ​ ​ ​ ​ ​ ​ ​ Basic loss per share ​ $ (1.14) ​ $ (0.31) ​ ​ ​ ​ ​ ​ ​ Diluted ​ ​ ​ ​ ​ ​ Effect of dilutive stock-based awards ​ ​ ​ ​ ​ ​ Weighted-average shares outstanding - basic ​ ​ 1,768,888 ​ ​ 1,773,056 Stock options ​ ​ — ​ ​ — Restricted stock ​ ​ — ​ ​ — Weighted average shares - assuming dilution ​ ​ 1,768,888 ​ ​ 1,773,056 ​ ​ ​ ​ ​ ​ ​ Diluted loss per share ​ $ (1.14) ​ $ (0.31) ​ ​ Stock options and restricted stock awards for 10,000 and 28,841 shares of common stock, respectively, were not considered in computing diluted earnings per common share for the year ended June 30, 2024, because they were antidilutive. There were restricted

Employee Benefits

Employee Benefits	12 Months Ended
	Jun. 30, 2024
Employee Benefits
Employee Benefits	Note 13: Defined Benefit Pension Plan The Company participated in a multi-employer defined benefit pension fund through Pentegra Retirement Services (Pentegra Plan) for periods through December 31, 2022. Effective January 1, 2023, the Company withdrew from the Plan. In connection with the withdrawal from the Pentegra Plan, the Company established the Van Wert Federal Savings Bank Defined Benefit Plan (“DB Plan”) as a qualified successor plan. The Company contributed at inception. 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 were satisfied during the year ended June 30, 2024 and the DB Plan has since been terminated. Information about the DB Plan’s funded status and pension cost as of and for the years ended June 30, 2024 and 2023 is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2024 ​ 2023 Change in benefit obligation: ​ ​ ​ ​ ​ ​ Beginning of the year ​ $ 4,894,847 ​ $ — Benefit obligation upon transfer from Pentegra plan ​ ​ — ​ ​ 5,007,614 Service cost ​ ​ 16,000 ​ ​ 16,000 Interest cost ​ ​ 137,961 ​ ​ 83,992 Actuarial (gain)/loss ​ ​ 336,005 ​ ​ (86,514) Benefits paid ​ ​ (332,557) ​ ​ (97,520) Plan termination settlements ​ ​ (4,997,799) ​ ​ — Administrative expenses ​ ​ (54,457) ​ ​ (28,725) End of the year ​ ​ — ​ ​ 4,894,847 ​ ​ ​ ​ ​ ​ ​ Change in plan assets: ​ ​ ​ ​ ​ ​ Beginning of the year ​ ​ 4,929,288 ​ ​ — Transfer from Pentegra plan ​ ​ — ​ ​ 4,977,837 Actual return on assets ​ ​ 158,629 ​ ​ 77,696 Employer contributions ​ ​ 296,896 ​ ​ — Administrative expenses ​ ​ (54,457) ​ ​ (28,725) Benefits paid ​ ​ (332,557) ​ ​ (97,520) Plan termination settlements ​ ​ (4,997,799) ​ ​ — End of the year ​ ​ — ​ ​ 4,929,288 ​ ​ ​ ​ ​ ​ ​ Funded status at end of the year ​ $ — ​ $ 34,441 ​ Amounts recognized in accumulated other comprehensive loss not yet recognized as components of net periodic benefit cost consist of the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2024 ​ 2023 Net gain ​ $ — ​ $ 82,333 Prior service cost ​ ​ — ​ ​ — ​ ​ $ — ​ $ 82,333 ​ Information for the pension plan with respect to benefit obligation and plan assets is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2024 ​ 2023 Projected benefit obligation ​ $ — ​ $ 4,894,847 Fair value of plan assets ​ $ — ​ $ 4,929,288 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2024 ​ 2023 Components of net periodic benefit cost: ​ ​ ​ ​ ​ ​ Service cost ​ $ 16,000 ​ $ 16,000 Interest cost ​ ​ 137,961 ​ ​ 83,992 Return on plan assets ​ ​ (120,254) ​ ​ (81,877) Amortization of net gain ​ ​ (82,333) ​ ​ — Net periodic pension cost ​ ​ (48,626) ​ ​ 18,115 Recognition of underfunded pension ​ ​ ​ ​ ​ ​ benefit obligation at transition ​ ​ — ​ ​ 29,777 Settlement recognition of net loss ​ ​ 297,630 ​ ​ — Expense recognized ​ $ 249,004 ​ $ 47,892 ​ Significant assumptions include the following: ​ ​ ​ ​ ​ ​ ​ ​ Weighed-average assumptions used to determine benefit obligation: ​ ​ ​ ​ ​ ​ Discount rate ​ ​ N/A ​ ​ 5.80% ​ ​ ​ ​ ​ ​ ​ Weighted average assumptions used to determine benefit cost: ​ ​ ​ ​ ​ ​ Discount rate ​ ​ N/A ​ ​ 5.09% Expected return on plan assets ​ ​ N/A ​ ​ 5.00% ​ 401(k) Plan The Company sponsors a 401(k) profit sharing plan covering substantially all employees. Employees are eligible to participate once they have reached age 21 Salary Continuation Plan On August 1, 2016, the Company entered into a salary continuation plan with the Company’s former President to provide additional retirement benefits for the life of the former President, with a guaranteed payout period of 15 years. The plan is intended to be an unfunded, non-qualified deferred compensation plan. The Company’s expense (benefit) relative to the plan totaled approximately $(7,100) and $(9,000) for the years ended June 30, 2024 and 2023, respectively. The Company’s liability related to the plan totaled approximately $137,000 and $155,000 as of June 30, 2024 and 2023, respectively. ​ Employee Stock Ownership Plan In July 2022, the Company established an employee stock ownership plan (“ESOP”) for the benefit of all employees of the Company. Employees of the Company who have worked at least are eligible to participate in the ESOP. The Company made a loan to the ESOP in the amount of shares. It is anticipated that contributions will be made to the ESOP in amounts necessary to amortize the debt to the Company over a period of ​ The Company recognizes compensation cost equal to the fair value of the ESOP shares during the periods in which they are committed to be released. To the extent that the fair value of the Company’s ESOP shares differs from the cost of such shares, the differential is credited to shareholder’s equity. The Company receives a tax deduction equal to the cost of the shares released. As the loan is internally leveraged, the loan receivable from the ESOP to the Company is not reported as an asset nor is the debt of the ESOP shown as a Company liability. ​ Compensation expense related to the ESOP totaled approximately $117,000 and $165,000 for the years ended June 30, 2024 and 2023, respectively. ​ Shares held by the ESOP as of June 30, 2024 and 2023 is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2024 ​ 2023 Shares committed to be released to participants ​ 3,846 ​ 7,692 Shares allocated to participants ​ ​ 15,383 ​ ​ — Unearned shares ​ ​ 134,605 ​ ​ 146,142 Total ESOP shares ​ ​ 153,834 ​ ​ 153,834 ​ ​ ​ ​ ​ ​ ​ Fair value of unearned shares ​ $ 2,051,380 ​ $ 1,899,846 ​ Stock-based Compensation ​ In November 2023, the Company’s shareholders approved the VWF Bancorp, Inc. 2023 Equity Incentive Plan (the “2023 Plan”). The 2023 Plan authorized the issuance or delivery to participants of up to shares of the Company’s common stock pursuant to the grants of restricted stock awards, restricted stock unit awards, incentive stock options and non-qualified stock options. Of this number, the maximum number of shares of Company common stock that may be issued under the 2023 Plan pursuant to the exercise of stock options is . Shares subject to award under the 2023 Plan may be authorized but unissued shares or treasury shares. ​ Awards may vest or become exercisable only upon the achievement of performance measures or based solely on the passage of time after award. Stock options and restricted stock awards provide for accelerated vesting if there is a change in control (as defined in the 2023 Plan). ​ Stock Options ​ The Company estimates the fair value of each option granted using the Black-Scholes option pricing model. The following key management assumptions were used to value the options granted during the year ended June 30, 2024: ​ ​ ​ ​ ​ ​ ​ 2024 Expected volatility ​ ​ 20.27% Expected dividends ​ ​ 1.50% Expected term (in years) ​ ​ 6.50 Risk-free rate ​ ​ 4.12% ​ The following table summarizes stock option activity for the periods indicated: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted ​ ​ ​ ​ ​ ​ ​ Weighted ​ Weighted ​ Average ​ ​ ​ ​ ​ ​ ​ Average ​ Average ​ Remaining ​ Aggregate ​ ​ ​ ​ ​ Exercise ​ Grant Date ​ Contractual ​ Intrinsic ​ ​ Shares ​ Price ​ Fair Value ​ Term ​ Value Outstanding, June 30, 2023 ​ ​ — ​ $ — ​ $ — ​ ​ — ​ $ — Granted ​ ​ 10,000 ​ ​ 16.25 ​ ​ 4.07 ​ ​ 9.67 ​ ​ — Exercised ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Forfeited or expired ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Nonvested shares, June 30, 2024 ​ ​ 10,000 ​ $ 16.25 ​ $ 4.07 ​ ​ 9.67 ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Exercisable, June 30, 2024 ​ ​ — ​ $ — ​ $ — ​ ​ — ​ $ — ​ Restricted Stock Awards ​ The following table summarizes restricted stock award activity for the periods indicated: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted ​ ​ ​ ​ ​ Average ​ ​ ​ ​ ​ Grant Date ​ ​ Shares ​ Fair Value Nonvested shares, June 30, 2023 ​ ​ — ​ $ — Awarded ​ ​ 28,841 ​ ​ 16.39 Vested ​ ​ — ​ ​ — Forfeited ​ ​ — ​ ​ — Nonvested shares, June 30, 2024 ​ ​ 28,841 ​ $ 16.39 ​ As of June 30, 2024, there was approximately $440,000 of total unrecognized compensation cost related to unvested share-based compensation arrangements granted under the 2023 Plan. That cost is expected to be recognized over a weighted-average period of years. During the year ended June 30, 2024, the Company has recorded approximately

Disclosures about Fair Value of

Disclosures about Fair Value of Assets and Liabilities	12 Months Ended
	Jun. 30, 2024
Disclosures about Fair Value of Assets and Liabilities
Disclosures about Fair Value of Assets and Liabilities	Note 14: 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 June 30, 2024 and 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) June 30, 2024 ​ ​ ​ ​ U.S. Government agencies ​ $ 5,714,090 ​ $ — ​ $ 5,714,090 ​ $ — Mortgage-backed GSEs ​ 27,760,412 ​ — ​ 27,760,412 ​ — Collateralized mortgage obligations ​ ​ 99,502,853 ​ ​ — ​ ​ 99,502,853 ​ ​ — Subordinated debt ​ ​ 2,537,955 ​ ​ — ​ ​ 2,537,955 ​ ​ — State and political subdivisions ​ 3,829,642 ​ — ​ 3,829,642 ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 year ended June 30, 2024. 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. Nonrecurring Measurements The Company had no assets or liabilities measured at fair value on a nonrecurring basis at June 30, 2024. At June 30, 2023, the Company had 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 are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Carrying Fair Fair Value Measurements Using ​ Value Value (Level 1) (Level 2) (Level 3) June 30, 2024 (Unaudited) ​ ​ ​ ​ ​ Financial assets: ​ ​ ​ ​ ​ Cash and due from banks ​ $ 31,630,525 ​ $ 31,630,525 ​ $ 31,630,525 ​ $ — ​ $ — Loans, net ​ 126,391,092 ​ 115,890,092 ​ — ​ — ​ 115,890,092 Stock in correspondent banks ​ 2,195,900 ​ 2,195,900 ​ — ​ 2,195,900 ​ — Accrued interest receivable ​ 961,856 ​ 961,856 ​ 961,856 ​ — ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial liabilities: ​ ​ ​ ​ ​ ​ ​ ​ Deposits ​ 209,310,330 ​ 209,243,722 ​ 73,959,722 ​ — ​ 135,284,000 Borrowings ​ ​ 62,000,000 ​ ​ 61,812,000 ​ ​ — ​ ​ — ​ ​ 61,812,000 Accrued interest payable ​ 778,831 ​ 778,831 ​ 778,831 ​ — ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 Stock in correspondent banks ​ 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: Fair value estimates are made at a specific point in time, based on relevant market information and information about the financial instrument. These estimates do not reflect any premium or discount that could result from offering for sale at one time the Company’s entire holdings of a particular financial instrument. Fair value estimates may not be realizable in an immediate settlement of the instrument. In some instances, there are no quoted market prices for the Company’s various financial instruments, in which case fair values may be based on estimates using present value or other valuation techniques, or based on judgments regarding future expected loss experience, current economic conditions, risk characteristic of the financial instruments, or other factors. Those techniques are significantly affected by the assumptions used, including the discount rate and estimate of future cash flows. Subsequent changes in assumptions could significantly affect the estimates.

Commitments and Credit Risks

Commitments and Credit Risks	12 Months Ended
	Jun. 30, 2024
Commitments and Credit Risks
Commitments and Credit Risks	Note 15: 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 June 30, 2024 and 2023 were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ ​ 2024 2023 Commitments to originate loans ​ $ 2,766,266 ​ $ 7,028,000 Undisbursed balance of loans closed ​ 30,314,342 ​ 3,994,000 Total ​ $ 33,080,608 ​ $ 11,022,000 ​

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	12 Months Ended
	Jun. 30, 2024
Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Loss	Note 16: Accumulated Other Comprehensive Loss ​ The following table summarizes the changes in the balances of each component of accumulated other comprehensive income (loss), net of tax, as of June 30, 2024 and 2023: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Accumulated Other Comprehensive Income (Loss) ​ ​ Unrealized Gains (Losses) on Securities Available for Sale ​ Unrealized Gains (Losses) on Defined Benefit Plans ​ Total Balance at June 30, 2023 ​ $ (2,916,402) ​ $ 65,043 ​ $ (2,851,359) Other comprehensive income before reclassifications ​ ​ 538,798 ​ ​ — ​ ​ 538,798 Amounts reclassified from accumulated other comprehensive income (loss) ​ ​ — ​ ​ (65,043) ​ ​ (65,043) Period change ​ ​ 538,798 ​ ​ (65,043) ​ ​ 473,755 Balance at June 30, 2024 ​ $ (2,377,604) ​ $ — ​ $ (2,377,604) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance at June 30, 2022 ​ $ (2,094,759) ​ $ — ​ $ (2,094,759) Other comprehensive income (loss) before reclassifications ​ ​ (821,643) ​ ​ 65,043 ​ ​ (756,600) Amounts reclassified from accumulated other comprehensive income (loss) ​ ​ — ​ ​ — ​ ​ — Period change ​ ​ (821,643) ​ ​ 65,043 ​ ​ (756,600) Balance at June 30, 2023 ​ $ (2,916,402) ​ $ 65,043 ​ $ (2,851,359) ​ The following are significant amounts reclassified out of accumulated other comprehensive income (loss) for the year ended June 30, 2024: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amount Reclassified from Accumulated Other Comprehensive Income (Loss) For the Year Ended June 30, 2024 ​ Affected Line Item in the Statements of Operations Valuation gain on defined benefit plan ​ $ (82,333) ​ Pension plan withdrawal Tax effect ​ ​ 17,290 ​ Provision for income taxes (benefits) Net of tax ​ $ (65,043) ​ ​ ​ ​ ​ There were no amounts reclassified out of accumulated other comprehensive income (loss) for the year ended June 30, 2023.

Conversion to Stock Form

Conversion to Stock Form	12 Months Ended
	Jun. 30, 2024
Conversion to Stock Form
Conversion to Stock Form	Note 17: Conversion to Stock Form On March 3, 2022, the Board of Directors of the Bank adopted a plan of conversion. The plan of conversion was subject to the approval of the Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency, and the approval by the affirmative vote of at least a majority of the total votes eligible to be cast by the voting members of the Bank at a special meeting. The plan of conversion provided for the Bank to convert into a stock savings bank structure with the establishment of a stock holding company (VWF Bancorp, Inc.), as parent of the Bank. The Bank converted to the stock form of ownership, followed by the issuance of all of the Bank’s outstanding stock to VWF Bancorp, Inc. Pursuant to the plan of conversion, the Bank determined the total offering value and number of shares of common stock based upon an independent appraiser’s valuation. VWF Bancorp, Inc. is organized as a corporation under the laws of the State of Maryland and owns all of the outstanding common stock of the Bank as of completion of the conversion. At the completion of the conversion to stock form, the Bank established a liquidation account in the amount of retained earnings contained in the final prospectus. The liquidation account will be maintained for the benefit of eligible savings account holders who maintain deposit accounts in the Bank after conversion. 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. In accordance with OCC regulations, at the time of the conversion, the Bank established a liquidation account. The liquidation account must be maintained for the benefit of eligible account holders and supplemental eligible account holders who continue to maintain their accounts at the Bank after the conversion. The liquidation account will be reduced annually to the extent that eligible holders and supplemental eligible account holders have reduced their qualifying deposits. Subsequent increases will not restore an eligible account holder’s or supplemental eligible account holder’s interest in the liquidation account. In the event of a complete liquidation by the Bank, and only in such event, each eligible account holder and supplemental eligible account holder will be entitled to receive a distribution from the liquidation account in an amount proportionate to the adjusted qualifying account balances then held. The Bank may not pay dividends if those dividends would reduce equity capital below the required liquidation account amount. ​ VWF Bancorp, Inc. is an emerging growth company, and, for as long as it continues to be an emerging growth company, it may choose to take advantage of exemptions from various reporting requirements applicable to other public companies but not to “emerging growth companies.” VWF Bancorp, Inc. uses the extended transition period to delay adoption of new or revised accounting pronouncements applicable to public companies until such pronouncements are made applicable to private companies. Accordingly, its financial statements may not be comparable to the financial statements of public companies that comply with such new or revised accounting standards. ​

Condensed Financial Information

Condensed Financial Information (Parent Company Only)	12 Months Ended
	Jun. 30, 2024
Condensed Financial Information (Parent Company Only)
Condensed Financial Information (Parent Company Only)	​ Note 18: Condensed Financial Information (Parent Company Only) Presented below is condensed financial information as to financial condition, results of operations and cash flows of the Company: ​ Condensed Balance Sheet As of June 30, ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2024 ​ 2023 Assets ​ ​ ​ ​ ​ ​ Cash and due from banks ​ $ 5,446,073 ​ $ 7,374,159 Investment in Van Wert Federal Savings Bank ​ 30,992,252 ​ 31,202,165 Other assets ​ 170,256 ​ 61,500 Total assets ​ ​ 36,608,581 ​ ​ 38,637,824 ​ ​ ​ ​ ​ ​ ​ Liabilities and Shareholders' Equity ​ ​ ​ ​ ​ ​ ​ ​ ​ Liabilities ​ ​ Accrued interest payable and other liabilities ​ ​ 60,749 ​ ​ 139,824 ​ ​ ​ ​ ​ ​ ​ Shareholders' Equity ​ ​ 36,547,832 ​ ​ 38,498,000 ​ ​ ​ ​ ​ ​ ​ Total liabilities and shareholders' equity ​ $ 36,608,581 ​ $ 38,637,824 ​ Condensed Statement of Operations For the Year Ended June 30, ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2024 ​ 2023 ​ ​ ​ ​ ​ ​ ​ Operating Income ​ $ — ​ $ — ​ ​ ​ ​ ​ ​ ​ General, Adminstrative and Other Expenses ​ ​ ​ ​ ​ ​ Salaries and employee benefits and director fees ​ ​ 223,348 ​ ​ 123,291 Professional services ​ 257,113 ​ 142,840 Total ​ ​ 480,461 ​ ​ 266,131 ​ ​ ​ ​ ​ ​ ​ Loss before income tax benefit and equity in loss of subsidiary ​ ​ (480,461) ​ ​ (266,131) ​ ​ ​ ​ ​ ​ ​ Income tax benefits ​ ​ (91,431) ​ ​ (61,500) ​ ​ ​ ​ ​ ​ ​ Loss before equity in loss of subsidiary ​ ​ (389,030) ​ ​ (204,631) ​ ​ ​ ​ ​ ​ ​ Equity in loss of Van Wert Federal Savings Bank ​ ​ (1,630,503) ​ ​ (340,753) ​ ​ ​ ​ ​ ​ ​ Net Loss ​ $ (2,019,533) ​ $ (545,384) ​ Condensed Statement of Cash Flows For the Year Ended June 30, ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2024 ​ 2023 Operating Activities ​ ​ ​ ​ ​ ​ Net loss ​ $ (2,019,533) ​ $ (545,384) Items not requiring (providing) cash: ​ ​ ​ ​ ​ ​ Equity in loss of subsidiary ​ ​ 1,630,503 ​ ​ 340,753 Shares allocated to ESOP ​ ​ 173,626 ​ ​ 106,391 Stock compensation expense ​ ​ 73,150 ​ ​ — Net change in other assets and liabilities ​ ​ (187,832) ​ ​ 78,325 Net cash used in operating activities ​ ​ (330,086) ​ ​ (19,915) ​ ​ ​ ​ ​ ​ ​ Investing Activities ​ ​ ​ ​ ​ ​ Investment in subsidiary ​ ​ (1,000,000) ​ ​ (8,932,413) ​ ​ ​ ​ ​ ​ ​ Financing Activities ​ ​ ​ ​ ​ ​ Proceeds from issuance of common stock ​ ​ — ​ ​ 16,326,487 Purchase of treasury stock ​ ​ (598,000) ​ ​ — Net cash (used in) provided by financing activities ​ ​ (598,000) ​ ​ 16,326,487 ​ ​ ​ ​ ​ ​ ​ Net change in cash and cash equivalents ​ ​ (1,928,086) ​ ​ 7,374,159 ​ ​ ​ ​ ​ ​ ​ Cash and cash equivalents at beginning of year ​ ​ 7,374,159 ​ ​ — ​ ​ ​ ​ ​ ​ ​ Cash and cash equivalents at end of year ​ $ 5,446,073 ​ $ 7,374,159 ​

Subsequent Events

Subsequent Events	12 Months Ended
	Jun. 30, 2024
Subsequent Events
Subsequent Events	Note 19: On July 1, 2024, the Company repaid $24 million of its outstanding advances from FHLB. On August 1, 2024, the Bank completed its rebranding efforts resulting in the legal name change of the Bank from Van Wert Federal Savings Bank to GreenWay Bank.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($)	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Pay vs Performance Disclosure
Net Income (Loss)	$ (2,019,533)	$ (545,384)

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Jun. 30, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Nature of Operations and Summ_2

Nature of Operations and Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Jun. 30, 2024
Nature of Operations and Summary of Significant Accounting Policies
Principles of Consolidation	Principles of Consolidation The consolidated financial statements as of and for the years ended June 30, 2024 and 2023 include the accounts of VWF Bancorp, Inc. (“VFW 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., 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 the Bank in connection with the Bank’s conversion from the mutual to the stock form of organization (the “Conversion”). The Conversion was completed on July 13, 2022. The Company’s shares began trading on the OTCQB under symbol VWFB on July 14, 2022. VWFB shares began trading on OTCQX on June 30, 2023. 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, provides a variety of banking services to individuals and businesses within its principal market areas of Van Wert County, Ohio and Allen County, Indiana, as well as the surrounding areas. The Bank is a federal savings association subject to examination and regulation by the Office of the Comptroller of the Currency (“OCC”), and is also subject to examination by the FDIC as deposit insurer. Effective June 23, 2023, the Bank elected to be a “covered savings association” (“CSA”). A CSA has the same rights and privileges as a national bank that has its main offices situation 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. The Bank is engaged primarily in the business of making residential mortgage loans, commercial loans and accepting deposits. Its operations are conducted through its offices located in Van Wert, Ohio and Fort Wayne, Indiana. 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.
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 deferred tax assets and fair values of financial instruments.
Cash and Cash Equivalents	Cash and Cash Equivalents Cash and cash equivalents include cash, interest-bearing deposits in other institutions, certificates of deposit purchased with original maturities of three months or less and highly liquid debt instruments with original maturities when purchased for three months or less. At June 30, 2024, the Company’s cash accounts at nonfederal government or nongovernmental agencies exceeded FDIC insurance limits by approximately
Debt Securities	Debt Securities Debt securities held by the Bank generally are classified and recorded in the consolidated 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. Amortized cost excludes accrued interest receivable, which is included in Accrued Interest Receivable on the consolidated balance sheets. At June 30, 2024 and 2023, accrued interest receivable on available for sale ​ Prior to adoption of ASC 326 on July 1, 2023: Prior to July 1, 2023, when the fair value of securities is 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 is 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 is 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 on debt securities during the year ended June 30, 2023.
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. Accrued interest receivable on the Company’s loans, which is included in Accrued Interest Receivable on the consolidated balance sheets at June 30, 2024 and 2023 was $457,000 and $200,000, respectively, and is excluded from the estimate of credit losses. 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 Note 2 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 loan losses. This methodology assessed the overall appropriateness of the allowance for loan 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.
Premises and Equipment	Premises and Equipment Depreciable assets are stated at cost less accumulated depreciation. Depreciation is charged to expense using the straight-line method over the estimated useful lives of the assets.
Lease Commitments	Lease Commitments The Company determines if an arrangement is a lease or contains a lease at inception. Leases result in the recognition of right-of-use (“ROU”) assets and lease liabilities on the Consolidated Balance Sheets. ROU assets represent the right to use an underlying asset for the lease term, and lease liabilities represent the obligation to make lease payments arising from the lease, measured on a discounted basis. The Company determines lease classification as operating or finance at the lease commencement date. The Company combines lease and nonlease components, such as common area and other maintenance costs, in calculating the ROU assets and lease liabilities for its office building leases in Fort Wayne, Indiana. At lease inception, the lease liability is measured at the present value of the lease payments over the lease term. The ROU asset equals the lease liability adjusted for any initial direct costs, prepaid or deferred rent, and lease incentives. The discount rate used in determining the lease liability and related ROU asset is based upon what would be obtained by the Company for similar loans as an incremental rate as of the date of origination or renewal. The lease term may include options to extend or to terminate the lease that the Company is reasonably certain to exercise. Lease expense is generally recognized on a straight-line basis over the lease term. The Company has elected not to record leases with an initial term of 12 months or less on the Consolidated Balance Sheets. Lease expense on such leases is recognized on a straight-line basis over the lease term.
Stock in Correspondent Banks	Stock in Correspondent Banks Federal Home Loan Bank (FHLB) Stock The Bank is a member of the FHLB system. Members are required to own a certain amount of stock based on the level of borrowings and other factors and may invest in additional amounts. FHLB stock is carried at cost, classified as a restricted security, and periodically evaluated for impairment based on ultimate recovery of par value. For the years ended June 30, 2024 and 2023, Federal Reserve Bank (FRB) Stock The Bank is a member of its regional Federal Reserve Bank. FRB stock is carried at cost, classified as a restricted security, and periodically evaluated for impairment based on the ultimate recovery of par value. For the year ended June 30, 2024, impairment has been recognized. The Bank did not own any FRB stock during the year ended June 30, 2023.
Bank Owned Life Insurance	Bank Owned Life Insurance The Company has purchased life insurance on certain employees. Bank owned life insurance is recorded at the amount that can be realized under the insurance contract at the balance sheet date, which is the cash surrender value adjusted for other charges or other amounts due that are probable at settlement.
Foreclosed Assets Held for Sale	Foreclosed Assets Held for Sale Foreclosed assets include real property and other assets that have been acquired as a result of foreclosure. At the time of foreclosure, foreclosed assets are recorded at fair value less costs to sell when acquired, establishing a new cost basis. These assets are subsequently accounted for at the lower of cost or fair value less estimated costs to sell. If fair value declines subsequent to foreclosure, a valuation allowance is recorded through expense. Operating costs after acquisition are expensed. At June 30, 2024 and 2023, there were foreclosed assets recorded as a result of obtaining physical possession of the property. At June 30, 2024 and 2023, there were no loans for which formal foreclosure procedures were in process.
Income Taxes	Income Taxes The Company accounts for income taxes in accordance with income tax accounting guidance (ASC 740, Income Taxes Deferred income tax expense results from changes in deferred tax assets and liabilities between periods. Deferred tax assets are reduced by a valuation allowance if, based on the weight of evidence available, it is more likely than not that some portion or all of a deferred tax asset will not be realized. Tax positions are recognized if it is more likely than not, based on the technical merits, that the tax position will be realized or sustained upon examination. The term more likely than not means a likelihood of more than 50 percent; the terms examined and upon examination also include resolution of the related appeals or litigation processes, if any. A tax position that meets the more-likely-than-not recognition threshold is initially and subsequently measured as the largest amount of tax benefit that has a greater than 50 percent likelihood of being realized upon settlement with a taxing authority that has full knowledge of all relevant information. The determination of whether or not a tax position has met the more-likely-than-not recognition threshold considers the facts, circumstances and information available at the reporting date and is subject to management’s judgment. If necessary, the Company recognizes interest and penalties on income taxes as a component of income tax expense. With a few exceptions, the Company is no longer subject to examination by tax authorities for calendar years before 2021. As of June 30, 2024, the Company had no material uncertain income tax positions.
Employee Stock Ownership Plan (ESOP)	Employee Stock Ownership Plan (ESOP) The cost of shares issued to the Employee Stock Ownership Plan (“ESOP”), but not yet allocated to participants, is shown as a reduction of shareholders’ equity. Compensation expense is based on the average fair value of shares as they are committed to be released to participant accounts.
Stock-Based Compensation	Stock-Based Compensation Compensation cost is recognized for stock options and restricted stock awards issued to employees and directors based on the fair value of these awards at the date of grant. A Black-Scholes model is utilized to estimate the fair value of stock options, while the market price of the Company’s common stock at the date of grant is used for restricted stock awards. Compensation cost is recognized over the required service period, generally defined as the vesting period. For awards with graded vesting, compensation cost is recognized on a straight-line basis over the requisite service period for the entire award. The Company’s accounting policy is to recognize forfeitures as they occur.
Treasury Stock	Treasury Stock Common stock shares repurchased are recorded at cost. Cost of shares retired or reissued is determined using the first-in, first-out method.
Earnings (Loss) Per Share	Earnings (Loss) Per Share Basic earnings (loss) per share (“EPS”) represents income available or loss attributable to common shareholders divided by the weighted average number of common shares outstanding during the period. Unallocated common shares held by the ESOP are not included in the weighted average number of common shares outstanding for purposes of calculating EPS until they are committed to be released. Legally issued and outstanding unvested restricted shares are not included in the weighted average number of common shares outstanding for purposes of calculating basic EPS until the awards vest, however, these shares are included in the computation of the denominator of diluted EPS, if dilutive. Diluted EPS reflects additional common shares that would have been outstanding if dilutive potential common shares, in the form of stock options and restricted stock awards, had been issued, as well as any adjustment to income that would result from the assumed issuance and is calculated using the treasury stock method. Potentially dilutive common shares are excluded from the computation of diluted EPS in periods in which the effect would be anti-dilutive.
Comprehensive Income (Loss)	Comprehensive Income (Loss) Accounting principles generally require that recognized revenue, expense, gains, and losses be included in net income. Certain changes in assets and liabilities, such as unrealized gains and losses on available-for-sale securities and changes in the funded status of the defined benefit pension plan, are reported as a separate component of the equity section of the consolidated balance sheets. Such items, along with net income (loss), are components of comprehensive income (loss).
Revenue Recognition	Revenue Recognition The Company accounts for revenue recognition in accordance with Accounting Standards Update (ASU) 2014-09 "Revenue from Contracts with Customers" (Accounting Standards Codification (ASC) 606). ASC 606 provides that an entity should recognize revenue to depict the transfer of promised goods and services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. Interest income, net securities gains (losses) and income from bank-owned life insurance are not included within the scope of ASC 606. For the revenue streams in the scope of ASC 606, service charges on deposits and electronic banking fees, there are no significant judgments related to the amount and timing of revenue recognition. All of the Company’s in scope revenue from contracts with customers is recognized within other noninterest income. Deposit Services.

Debt Securities (Tables)

Debt Securities (Tables)	12 Months Ended
	Jun. 30, 2024
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 Available-for-sale Securities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2024 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. Government agencies ​ $ 6,000,000 ​ $ — ​ $ 285,910 ​ $ 5,714,090 Mortgage-backed Government ​ ​ ​ ​ Sponsored Enterprises (GSEs) ​ 29,387,507 ​ 49,792 ​ 1,676,887 ​ 27,760,412 Collateralized mortgage obligations (CMOs) ​ ​ 99,668,482 ​ ​ 293,565 ​ ​ 459,194 ​ ​ 99,502,853 Subordinated debt ​ ​ 2,750,000 ​ ​ — ​ ​ 212,045 ​ ​ 2,537,955 State and political subdivisions ​ 4,548,588 ​ — ​ 718,946 ​ 3,829,642 ​ ​ $ 142,354,577 ​ $ 343,357 ​ $ 3,352,982 ​ $ 139,344,952 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 (CMOs) ​ ​ 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	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2024 ​ ​ Available-for-sale ​ ​ Amortized ​ Fair ​ Cost Value Within one year ​ $ 1,000,000 ​ $ 996,160 One to five years ​ 5,937,973 ​ 5,557,166 Five to ten years ​ 4,995,032 ​ 4,443,293 After ten years ​ 1,365,583 ​ 1,085,068 ​ ​ ​ 13,298,588 ​ ​ 12,081,687 Mortgage-backed GSE's and CMO's ​ 129,055,989 ​ 127,263,265 Totals ​ $ 142,354,577 ​ $ 139,344,952
Schedule of continuous unrealized loss position of available for sale debt securities	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2024 ​ ​ 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 ​ $ — ​ $ — ​ $ 5,714,090 ​ $ 285,910 ​ $ 5,714,090 ​ $ 285,910 Mortgage-backed Government ​ ​ ​ ​ ​ ​ Sponsored Enterprises (GSEs) ​ 2,910,227 ​ 3,516 ​ 13,077,539 ​ 1,673,371 ​ 15,987,766 ​ 1,676,887 Collateralized mortgage obligations ​ ​ 55,863,004 ​ ​ 418,582 ​ ​ 1,662,871 ​ ​ 40,612 ​ ​ 57,525,875 ​ ​ 459,194 Subordinated debt ​ ​ 1,688,750 ​ ​ 61,250 ​ ​ 849,205 ​ ​ 150,795 ​ ​ 2,537,955 ​ ​ 212,045 State and political subdivisions ​ — ​ — ​ 3,829,642 ​ 718,946 ​ 3,829,642 ​ 718,946 Total available-for-sale securities ​ $ 60,461,981 ​ $ 483,348 ​ $ 25,133,347 ​ $ 2,869,634 ​ $ 85,595,328 ​ $ 3,352,982 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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)	12 Months Ended
	Jun. 30, 2024
Loans and Allowance for Credit Losses
Schedule of categories of loans	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ 2024 2023 Real estate loans: ​ ​ ​ ​ ​ ​ Commercial ​ $ 19,724,941 ​ $ 6,009,615 Residential ​ 69,826,726 ​ 65,857,446 Multifamily ​ 659,257 ​ 688,393 Agricultural ​ 4,213,660 ​ 4,044,648 Construction and land ​ 17,644,710 ​ 8,567,060 Home equity line of credit (HELOC) ​ 1,622,877 ​ 355,296 Commercial and industrial ​ ​ 14,879,004 ​ ​ 3,398,557 Consumer ​ 955,415 ​ 801,476 Total loans ​ 129,526,590 ​ 89,722,491 Less: ​ ​ Undisbursed loans in process ​ 2,222,582 ​ 8,202,918 Net deferred loan fees ​ 139,947 ​ 47,756 Allowance for credit losses ​ 772,969 ​ 263,422 Net loans ​ $ 126,391,092 ​ $ 81,208,395
Schedule of allowance for credit losses based on portfolio segment and impairment method	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance ​ Adoption of ​ Provision (credit) ​ ​ ​ ​ ​ Balance ​ ​ June 30, 2023 ASC 326 ​ for loan losses Charge-offs Recoveries June 30, 2024 Real estate loans: ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ $ 27,379 ​ $ (2,203) ​ $ 181,783 ​ $ ​ ​ $ ​ ​ $ 206,959 Residential ​ 167,714 ​ 41,930 ​ (35,031) ​ — ​ — ​ 174,613 Multifamily ​ 1,786 ​ (9) ​ (502) ​ — ​ — ​ 1,275 Agricultural ​ 17,091 ​ (1,196) ​ (3,734) ​ — ​ — ​ 12,161 Construction and land ​ ​ 12,491 ​ ​ 10,144 ​ 167,959 ​ — ​ — ​ 190,594 HELOC ​ ​ 34,779 ​ ​ (33,888) ​ 2,160 ​ — ​ — ​ 3,051 Commercial and industrial ​ ​ 882 ​ ​ 31,562 ​ 150,567 ​ — ​ — ​ 183,011 Consumer ​ ​ 1,300 ​ ​ 455 ​ (450) ​ — ​ — ​ 1,305 Total ​ $ 263,422 ​ $ 46,795 ​ $ 462,752 ​ $ — ​ $ — ​ $ 772,969 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unfunded loan commitments and letters of credit ​ $ — ​ $ 20,503 ​ $ 155,850 ​ $ — ​ $ — ​ $ 176,353 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance ​ Provision (credit) ​ ​ ​ ​ ​ Balance ​ June 30, 2022 for loan losses Charge-offs Recoveries June 30, 2023 Real estate loans: ​ ​ ​ ​ ​ Commercial ​ $ 20,643 ​ $ 6,736 ​ $ — ​ $ — ​ $ 27,379 Residential ​ 177,830 ​ (10,116) ​ — ​ — ​ 167,714 Multifamily ​ 1,926 ​ (140) ​ — ​ — ​ 1,786 Agricultural ​ ​ 13,868 ​ 3,223 ​ — ​ — ​ 17,091 Construction and land ​ ​ 5,477 ​ 7,014 ​ — ​ — ​ 12,491 HELOC ​ ​ 1,306 ​ 33,473 ​ — ​ — ​ 34,779 Commercial and industrial ​ ​ 709 ​ 173 ​ — ​ — ​ 882 Consumer ​ ​ 1,125 ​ 175 ​ — ​ — ​ 1,300 Total ​ $ 222,884 ​ $ 40,538 ​ $ — ​ $ — ​ $ 263,422 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Allowance for credit losses ​ Loans ​ ​ Individually Collectively Individually Collectively June 30, 2023 ​ ​ ​ ​ ​ Real estate loans: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ $ — ​ $ 27,379 ​ $ — ​ $ 6,009,615 ​ Residential ​ ​ 7 ​ 167,707 ​ 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 ​ $ 263,415 ​ $ 304,096 ​ $ 89,418,395 ​
Schedule of credit risk profile of Bank's loan portfolio based on internal rating category and payment activity	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Revolving Loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amortized ​ ​ ​ ​ 2024 2023 2022 2021 2020 Prior ​ Cost Basis ​ Total June 30, 2024 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass (1-3) $ 14,580,611 ​ $ 1,093,719 ​ $ 1,456,599 ​ $ 336,694 ​ $ 295,178 ​ $ 1,962,140 ​ $ — ​ $ 19,724,941 Monitor (4) ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Special Mention (5) ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Substandard (6) ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Doubtful (7) ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Total commercial $ 14,580,611 ​ $ 1,093,719 ​ $ 1,456,599 ​ $ 336,694 ​ $ 295,178 ​ $ 1,962,140 ​ $ — ​ $ 19,724,941 Gross charge-offs $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Multifamily ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass (1-3) $ — ​ $ — ​ $ 659,257 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 659,257 Monitor (4) ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Special Mention (5) ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Substandard (6) ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Doubtful (7) ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Total multifamily $ — ​ $ — ​ $ 659,257 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 659,257 Gross charge-offs $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Agricultural ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass (1-3) $ 627,343 ​ $ 1,087,542 ​ $ 827,774 ​ $ 615,048 ​ $ 278,000 ​ $ 566,671 ​ $ — ​ $ 4,002,378 Monitor (4) ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 211,282 ​ ​ — ​ ​ 211,282 Special Mention (5) ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Substandard (6) ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Doubtful (7) ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Total agricultural $ 627,343 ​ $ 1,087,542 ​ $ 827,774 ​ $ 615,048 ​ $ 278,000 ​ $ 777,953 ​ $ — ​ $ 4,213,660 Gross charge-offs $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Construction and land ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass (1-3) $ 12,732,392 ​ $ 4,855,874 ​ $ 20,212 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 17,608,478 Monitor (4) ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Special Mention (5) ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Substandard (6) ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 36,232 ​ ​ — ​ ​ 36,232 Doubtful (7) ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Total construction and land $ 12,732,392 ​ $ 4,855,874 ​ $ 20,212 ​ $ — ​ $ — ​ $ 36,232 ​ $ — ​ $ 17,644,710 Gross charge-offs $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Commercial and industrial ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass (1-3) $ 14,429,210 ​ $ 161,367 ​ $ — ​ $ 288,427 ​ $ — ​ $ — ​ $ — ​ $ 14,879,004 Monitor (4) ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Special Mention (5) ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Substandard (6) ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Doubtful (7) ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Total commercial and industrial $ 14,429,210 ​ $ 161,367 ​ $ — ​ $ 288,427 ​ $ — ​ $ — ​ $ — ​ $ 14,879,004 Gross charge-offs $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Consumer ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass (1-3) $ 493,671 ​ $ 287,793 ​ $ 132,845 ​ $ 17,597 ​ $ 11,714 ​ $ 11,795 ​ $ — ​ $ 955,415 Monitor (4) ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Special Mention (5) ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Substandard (6) ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Doubtful (7) ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Total consumer $ 493,671 ​ $ 287,793 ​ $ 132,845 ​ $ 17,597 ​ $ 11,714 ​ $ 11,795 ​ $ — ​ $ 955,415 Gross charge-offs $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Residential ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Performing $ 9,835,966 ​ $ 5,704,514 ​ $ 14,362,807 ​ $ 16,673,325 ​ $ 7,723,487 ​ $ 14,614,432 ​ $ 410,032 ​ $ 69,324,563 Nonperforming ​ — ​ ​ 145,011 ​ ​ 46,674 ​ ​ — ​ ​ — ​ ​ 310,478 ​ ​ — ​ ​ 502,163 Total residential $ 9,835,966 ​ $ 5,849,525 ​ $ 14,409,481 ​ $ 16,673,325 ​ $ 7,723,487 ​ $ 14,924,910 ​ $ 410,032 ​ $ 69,826,726 Gross charge-offs $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — HELOC ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Performing $ 1,231,286 ​ $ 34,140 ​ $ 145,393 ​ $ 39,737 ​ $ 51,479 ​ $ 120,842 ​ $ — ​ $ 1,622,877 Nonperforming ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Total HELOC $ 1,231,286 ​ $ 34,140 ​ $ 145,393 ​ $ 39,737 ​ $ 51,479 ​ $ 120,842 ​ $ — ​ $ 1,622,877 Gross charge-offs $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Performing Nonperforming Total June 30, 2023 ​ ​ ​ ​ ​ ​ ​ ​ ​ Real estate loans: ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential ​ $ 65,553,350 ​ $ 304,096 ​ $ 65,857,446 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	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2024 ​ ​ ​ ​ ​ ​ ​ ​ 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 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 19,724,941 ​ $ 19,724,941 ​ $ — Residential ​ 559,332 ​ 87,754 ​ 71,729 ​ 718,815 ​ 69,107,911 ​ 69,826,726 ​ — Multifamily ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 659,257 ​ ​ 659,257 ​ ​ — Agricultural ​ — ​ — ​ — ​ — ​ 4,213,660 ​ 4,213,660 ​ — Construction and land ​ 36,232 ​ — ​ — ​ 36,232 ​ 17,608,478 ​ 17,644,710 ​ — HELOC ​ — ​ — ​ — ​ — ​ 1,622,877 ​ 1,622,877 ​ — Commercial and industrial ​ — ​ — ​ — ​ — ​ 14,879,004 ​ 14,879,004 ​ — Consumer ​ 1,528 ​ 3,522 ​ — ​ 5,050 ​ 950,365 ​ 955,415 ​ — Total ​ $ 597,092 ​ $ 91,276 ​ $ 71,729 ​ $ 760,097 ​ $ 128,766,493 ​ $ 129,526,590 ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 June 30, 2024 ​ ​ ​ ​ ​ ​ ​ ​ ​ Related ​ ​ Real Estate ​ Other ​ Total ​ Allowance Real estate ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ $ — ​ $ — ​ $ — ​ $ — Residential ​ ​ 502,163 ​ ​ — ​ ​ 502,163 ​ ​ — Multifamily ​ ​ — ​ ​ — ​ ​ — ​ ​ — Agricultural ​ ​ — ​ ​ — ​ ​ — ​ ​ — Construction and land ​ ​ 36,232 ​ ​ — ​ ​ 36,232 ​ ​ — Home equity line of credit (HELOC) ​ ​ — ​ ​ — ​ ​ — ​ ​ — Commercial and industrial ​ — ​ — ​ — ​ — Consumer ​ — ​ 15,672 ​ 15,672 ​ — Totals ​ $ 538,395 ​ $ 15,672 ​ $ 554,067 ​ $ —
Schedule of information on impaired loans	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 June 30, 2024 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Real estate loans: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Residential ​ ​ 502,163 ​ ​ — ​ ​ 502,163 ​ ​ 304,096 ​ ​ — ​ ​ — Multifamily ​ — ​ — ​ — ​ — ​ — ​ — Agricultural ​ — ​ — ​ — ​ — ​ — ​ — Construction and land ​ 36,232 ​ — ​ 36,232 ​ — ​ — ​ — Home equity line of credit (HELOC) ​ — ​ — ​ — ​ — ​ — ​ — Commercial and industrial ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Consumer ​ 15,672 ​ — ​ 15,672 ​ — ​ — ​ — Total ​ $ 554,067 ​ $ — ​ $ 554,067 ​ $ 304,096 ​ $ — ​ $ —

Premises and Equipment (Tables)

Premises and Equipment (Tables)	12 Months Ended
	Jun. 30, 2024
Premises and Equipment
Schedule of major classifications of premises and equipment, stated at cost	​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ 2024 2023 Land ​ $ 572,183 ​ $ 572,183 Buildings and improvements ​ 1,344,309 ​ 1,357,006 Furniture and equipment ​ 996,000 ​ 1,099,722 Leasehold improvements ​ ​ 220,822 ​ ​ — Software ​ ​ 72,614 ​ ​ — IT equipment and improvements ​ 98,758 ​ 65,741 Construction in progress ​ ​ 309,078 ​ ​ — Total premises and equipment ​ 3,613,764 ​ 3,094,652 Accumulated depreciation ​ (1,352,504) ​ (1,685,305) Total premises and equipment, net ​ $ 2,261,260 ​ $ 1,409,347 ​

Time Deposits (Tables)

Time Deposits (Tables)	12 Months Ended
	Jun. 30, 2024
Time Deposits
Schedule of maturities of time deposits	​ ​ ​ ​ ​ Maturing year ending June 30, ​ ​ ​ 2025 ​ $ 46,051,659 2026 ​ ​ 41,636,458 2027 ​ 19,135,762 2028 ​ 11,246,711 2029 ​ 17,280,018 Thereafter ​ — ​ ​ $ 135,350,608 ​

Borrowings (Tables)

Borrowings (Tables)	12 Months Ended
	Jun. 30, 2024
Borrowings
Schedule of borrowed funds	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ ​ 2024 2023 ​ ​ Rate ​ Amount ​ Rate ​ Amount Advances from Federal Home Loan Bank of Cincinnati ​ 5.46% ​ $ 38,500,000 ​ 5.19% ​ $ 6,200,000 Advances from Federal Reserve Bank of Cleveland ​ 4.76% ​ 23,500,000 ​ ​ ​ — Total borrowings ​ ​ $ 62,000,000 ​ ​ $ 6,200,000

Leases (Tables)

Leases (Tables)	12 Months Ended
	Jun. 30, 2024
Leases
Schedule of lease cost	​ ​ ​ ​ ​ ​ ​ 2024 Lease cost ​ ​ ​ Operating lease cost ​ $ 77,187 Short-term lease cost ​ ​ 39,655 Variable lease cost ​ ​ - Total lease cost ​ $ 116,842 ​ ​ ​ ​ ​ ​ ​ 2024 Other information ​ ​ ​ Cash paid for amounts included in the measurement of ​ ​ ​ lease liabilities ​ ​ ​ Operating cash flows from operating leases ​ $ 63,066 Right-of-use assets obtained in exchange for new ​ ​ ​ operating lease liabilities ​ ​ 1,452,406 Weighted-average remaining lease term ​ ​ 9.59 yrs Weighted-average discount rate ​ ​ 5.1%
Schedule of future minimum lease payments	​ ​ ​ ​ ​ ​ ​ ​ Operating ​ ​ ​ Leases 2025 ​ $ 159,960 2026 ​ ​ 178,307 2027 ​ ​ 182,743 2028 ​ ​ 187,316 2029 ​ ​ 192,010 Thereafter ​ ​ 942,680 Total future undiscounted lease payments ​ ​ 1,843,016 Less interest ​ ​ (400,396) Lease liabilities ​ $ 1,442,620 ​

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Jun. 30, 2024
Income Taxes
Schedule of components of provision for income taxes	​ ​ ​ ​ ​ ​ ​ ​ ​ 2024 2023 Taxes currently payable ​ $ 4,588 ​ $ (6,769) Deferred income taxes ​ (554,628) ​ (175,944) Income tax expense (benefit) ​ $ (550,040) ​ $ (182,713)
Schedule of reconciliation of the federal income tax expense (benefit) at the statutory rate to the Bank's actual income tax expense (benefit)	​ ​ ​ ​ ​ ​ ​ ​ ​ 2024 2023 Computed at statutory rate (21%) ​ $ (539,610) ​ $ (152,900) Increase (decrease) resulting from: ​ ​ ​ ​ Bank-owned life insurance ​ (26,786) ​ (23,397) ESOP ​ ​ 8,516 ​ ​ 17,982 Incentive stock options ​ ​ 950 ​ ​ — Nontaxable interest income on municipal securities ​ ​ (9,175) ​ ​ (9,070) Other ​ 16,065 ​ (15,328) Actual income tax benefit ​ $ (550,040) ​ $ (182,713)
Schedule of net deferred tax liability	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2024 ​ 2023 Deferred tax assets ​ ​ Allowance for credit losses ​ $ 199,358 ​ $ 55,319 Unrealized losses on available-for-sale securities ​ 632,021 ​ 775,246 Operating lease liability ​ ​ 302,950 ​ ​ — Net operating loss carryforward ​ ​ 372,397 ​ ​ 86,723 Other ​ 124,485 ​ 70,283 Deferred tax assets ​ 1,631,211 ​ 987,571 ​ ​ ​ ​ ​ ​ ​ Deferred tax liabilities ​ ​ Depreciation ​ (33,622) ​ (27,640) Right of use asset - operating lease ​ ​ (295,450) ​ ​ — Federal Home Loan Bank stock dividends ​ — ​ (83,328) Defined benefit pension plan ​ — ​ (17,290) Deferred tax liabilities ​ (329,072) ​ (128,258) ​ ​ ​ ​ ​ ​ ​ Net deferred tax asset ​ $ 1,302,139 ​ $ 859,313

Related Party Transactions (Tab

Related Party Transactions (Tables)	12 Months Ended
	Jun. 30, 2024
Related Party Transactions
Schedule of related party transactions activity	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2024 ​ 2023 Balance at beginning of year ​ $ 3,766,000 ​ $ 4,151,000 Loans disbursed ​ 1,500,000 ​ 60,000 Repayments ​ (447,121) ​ (445,000) Balance at end of year ​ $ 4,818,879 ​ $ 3,766,000

Earnings (Loss) Per Share (Tabl

Earnings (Loss) Per Share (Tables)	12 Months Ended
	Jun. 30, 2024
Earnings (Loss) Per Share
Schedule of loss per common share	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2024 ​ 2023 Basic ​ ​ ​ ​ ​ ​ Net loss ​ $ (2,019,533) ​ $ (545,384) ​ ​ ​ ​ ​ ​ ​ Shares outstanding for basic (loss) earnings per share: ​ ​ ​ ​ ​ ​ Weighted-average common shares outstanding ​ ​ 1,909,423 ​ ​ 1,922,924 Less average unearned ESOP shares ​ ​ (140,535) ​ ​ (149,868) Weighted-average shares - basic ​ ​ 1,768,888 ​ ​ 1,773,056 ​ ​ ​ ​ ​ ​ ​ Basic loss per share ​ $ (1.14) ​ $ (0.31) ​ ​ ​ ​ ​ ​ ​ Diluted ​ ​ ​ ​ ​ ​ Effect of dilutive stock-based awards ​ ​ ​ ​ ​ ​ Weighted-average shares outstanding - basic ​ ​ 1,768,888 ​ ​ 1,773,056 Stock options ​ ​ — ​ ​ — Restricted stock ​ ​ — ​ ​ — Weighted average shares - assuming dilution ​ ​ 1,768,888 ​ ​ 1,773,056 ​ ​ ​ ​ ​ ​ ​ Diluted loss per share ​ $ (1.14) ​ $ (0.31)

Employee Benefits (Tables)

Employee Benefits (Tables)	12 Months Ended
	Jun. 30, 2024
Employee Benefits
Schedule of DB Plan's funded status and pension cost	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2024 ​ 2023 Change in benefit obligation: ​ ​ ​ ​ ​ ​ Beginning of the year ​ $ 4,894,847 ​ $ — Benefit obligation upon transfer from Pentegra plan ​ ​ — ​ ​ 5,007,614 Service cost ​ ​ 16,000 ​ ​ 16,000 Interest cost ​ ​ 137,961 ​ ​ 83,992 Actuarial (gain)/loss ​ ​ 336,005 ​ ​ (86,514) Benefits paid ​ ​ (332,557) ​ ​ (97,520) Plan termination settlements ​ ​ (4,997,799) ​ ​ — Administrative expenses ​ ​ (54,457) ​ ​ (28,725) End of the year ​ ​ — ​ ​ 4,894,847 ​ ​ ​ ​ ​ ​ ​ Change in plan assets: ​ ​ ​ ​ ​ ​ Beginning of the year ​ ​ 4,929,288 ​ ​ — Transfer from Pentegra plan ​ ​ — ​ ​ 4,977,837 Actual return on assets ​ ​ 158,629 ​ ​ 77,696 Employer contributions ​ ​ 296,896 ​ ​ — Administrative expenses ​ ​ (54,457) ​ ​ (28,725) Benefits paid ​ ​ (332,557) ​ ​ (97,520) Plan termination settlements ​ ​ (4,997,799) ​ ​ — End of the year ​ ​ — ​ ​ 4,929,288 ​ ​ ​ ​ ​ ​ ​ Funded status at end of the year ​ $ — ​ $ 34,441
Schedule of net periodic benefit cost not yet recognized	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2024 ​ 2023 Net gain ​ $ — ​ $ 82,333 Prior service cost ​ ​ — ​ ​ — ​ ​ $ — ​ $ 82,333
Schedule of benefit plan asset and benefit obligation	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2024 ​ 2023 Projected benefit obligation ​ $ — ​ $ 4,894,847 Fair value of plan assets ​ $ — ​ $ 4,929,288
Schedule of components of net periodic benefit cost	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2024 ​ 2023 Components of net periodic benefit cost: ​ ​ ​ ​ ​ ​ Service cost ​ $ 16,000 ​ $ 16,000 Interest cost ​ ​ 137,961 ​ ​ 83,992 Return on plan assets ​ ​ (120,254) ​ ​ (81,877) Amortization of net gain ​ ​ (82,333) ​ ​ — Net periodic pension cost ​ ​ (48,626) ​ ​ 18,115 Recognition of underfunded pension ​ ​ ​ ​ ​ ​ benefit obligation at transition ​ ​ — ​ ​ 29,777 Settlement recognition of net loss ​ ​ 297,630 ​ ​ — Expense recognized ​ $ 249,004 ​ $ 47,892
Schedule of significant assumptions	​ ​ ​ ​ ​ ​ ​ ​ Weighed-average assumptions used to determine benefit obligation: ​ ​ ​ ​ ​ ​ Discount rate ​ ​ N/A ​ ​ 5.80% ​ ​ ​ ​ ​ ​ ​ Weighted average assumptions used to determine benefit cost: ​ ​ ​ ​ ​ ​ Discount rate ​ ​ N/A ​ ​ 5.09% Expected return on plan assets ​ ​ N/A ​ ​ 5.00%
Schedule of information related to the ESOP	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2024 ​ 2023 Shares committed to be released to participants ​ 3,846 ​ 7,692 Shares allocated to participants ​ ​ 15,383 ​ ​ — Unearned shares ​ ​ 134,605 ​ ​ 146,142 Total ESOP shares ​ ​ 153,834 ​ ​ 153,834 ​ ​ ​ ​ ​ ​ ​ Fair value of unearned shares ​ $ 2,051,380 ​ $ 1,899,846
Schedule of key management assumptions used to value the options granted	​ ​ ​ ​ ​ ​ ​ 2024 Expected volatility ​ ​ 20.27% Expected dividends ​ ​ 1.50% Expected term (in years) ​ ​ 6.50 Risk-free rate ​ ​ 4.12%
Schedule of stock option activity	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted ​ ​ ​ ​ ​ ​ ​ Weighted ​ Weighted ​ Average ​ ​ ​ ​ ​ ​ ​ Average ​ Average ​ Remaining ​ Aggregate ​ ​ ​ ​ ​ Exercise ​ Grant Date ​ Contractual ​ Intrinsic ​ ​ Shares ​ Price ​ Fair Value ​ Term ​ Value Outstanding, June 30, 2023 ​ ​ — ​ $ — ​ $ — ​ ​ — ​ $ — Granted ​ ​ 10,000 ​ ​ 16.25 ​ ​ 4.07 ​ ​ 9.67 ​ ​ — Exercised ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Forfeited or expired ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Nonvested shares, June 30, 2024 ​ ​ 10,000 ​ $ 16.25 ​ $ 4.07 ​ ​ 9.67 ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Exercisable, June 30, 2024 ​ ​ — ​ $ — ​ $ — ​ ​ — ​ $ —
Schedule of status of the Company's nonvested shares	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted ​ ​ ​ ​ ​ Average ​ ​ ​ ​ ​ Grant Date ​ ​ Shares ​ Fair Value Nonvested shares, June 30, 2023 ​ ​ — ​ $ — Awarded ​ ​ 28,841 ​ ​ 16.39 Vested ​ ​ — ​ ​ — Forfeited ​ ​ — ​ ​ — Nonvested shares, June 30, 2024 ​ ​ 28,841 ​ $ 16.39

Disclosures about Fair Value _2

Disclosures about Fair Value of Assets and Liabilities (Tables)	12 Months Ended
	Jun. 30, 2024
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) June 30, 2024 ​ ​ ​ ​ U.S. Government agencies ​ $ 5,714,090 ​ $ — ​ $ 5,714,090 ​ $ — Mortgage-backed GSEs ​ 27,760,412 ​ — ​ 27,760,412 ​ — Collateralized mortgage obligations ​ ​ 99,502,853 ​ ​ — ​ ​ 99,502,853 ​ ​ — Subordinated debt ​ ​ 2,537,955 ​ ​ — ​ ​ 2,537,955 ​ ​ — State and political subdivisions ​ 3,829,642 ​ — ​ 3,829,642 ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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) June 30, 2024 (Unaudited) ​ ​ ​ ​ ​ Financial assets: ​ ​ ​ ​ ​ Cash and due from banks ​ $ 31,630,525 ​ $ 31,630,525 ​ $ 31,630,525 ​ $ — ​ $ — Loans, net ​ 126,391,092 ​ 115,890,092 ​ — ​ — ​ 115,890,092 Stock in correspondent banks ​ 2,195,900 ​ 2,195,900 ​ — ​ 2,195,900 ​ — Accrued interest receivable ​ 961,856 ​ 961,856 ​ 961,856 ​ — ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial liabilities: ​ ​ ​ ​ ​ ​ ​ ​ Deposits ​ 209,310,330 ​ 209,243,722 ​ 73,959,722 ​ — ​ 135,284,000 Borrowings ​ ​ 62,000,000 ​ ​ 61,812,000 ​ ​ — ​ ​ — ​ ​ 61,812,000 Accrued interest payable ​ 778,831 ​ 778,831 ​ 778,831 ​ — ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 Stock in correspondent banks ​ 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 and Credit Risks (T

Commitments and Credit Risks (Tables)	12 Months Ended
	Jun. 30, 2024
Commitments and Credit Risks
Schedule of commitments outstanding	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ ​ 2024 2023 Commitments to originate loans ​ $ 2,766,266 ​ $ 7,028,000 Undisbursed balance of loans closed ​ 30,314,342 ​ 3,994,000 Total ​ $ 33,080,608 ​ $ 11,022,000 ​

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Loss (Tables)	12 Months Ended
	Jun. 30, 2024
Accumulated Other Comprehensive Loss
Schedule of the components of accumulated other comprehensive income (loss), included in equity	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Accumulated Other Comprehensive Income (Loss) ​ ​ Unrealized Gains (Losses) on Securities Available for Sale ​ Unrealized Gains (Losses) on Defined Benefit Plans ​ Total Balance at June 30, 2023 ​ $ (2,916,402) ​ $ 65,043 ​ $ (2,851,359) Other comprehensive income before reclassifications ​ ​ 538,798 ​ ​ — ​ ​ 538,798 Amounts reclassified from accumulated other comprehensive income (loss) ​ ​ — ​ ​ (65,043) ​ ​ (65,043) Period change ​ ​ 538,798 ​ ​ (65,043) ​ ​ 473,755 Balance at June 30, 2024 ​ $ (2,377,604) ​ $ — ​ $ (2,377,604) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance at June 30, 2022 ​ $ (2,094,759) ​ $ — ​ $ (2,094,759) Other comprehensive income (loss) before reclassifications ​ ​ (821,643) ​ ​ 65,043 ​ ​ (756,600) Amounts reclassified from accumulated other comprehensive income (loss) ​ ​ — ​ ​ — ​ ​ — Period change ​ ​ (821,643) ​ ​ 65,043 ​ ​ (756,600) Balance at June 30, 2023 ​ $ (2,916,402) ​ $ 65,043 ​ $ (2,851,359)
Schedule of amounts reclassified out of accumulated other comprehensive loss	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amount Reclassified from Accumulated Other Comprehensive Income (Loss) For the Year Ended June 30, 2024 ​ Affected Line Item in the Statements of Operations Valuation gain on defined benefit plan ​ $ (82,333) ​ Pension plan withdrawal Tax effect ​ ​ 17,290 ​ Provision for income taxes (benefits) Net of tax ​ $ (65,043) ​ ​ ​

Condensed Financial Informati_2

Condensed Financial Information (Parent Company Only) (Tables)	12 Months Ended
	Jun. 30, 2024
Condensed Financial Information (Parent Company Only)
Condensed Balance Sheet	Condensed Balance Sheet As of June 30, ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2024 ​ 2023 Assets ​ ​ ​ ​ ​ ​ Cash and due from banks ​ $ 5,446,073 ​ $ 7,374,159 Investment in Van Wert Federal Savings Bank ​ 30,992,252 ​ 31,202,165 Other assets ​ 170,256 ​ 61,500 Total assets ​ ​ 36,608,581 ​ ​ 38,637,824 ​ ​ ​ ​ ​ ​ ​ Liabilities and Shareholders' Equity ​ ​ ​ ​ ​ ​ ​ ​ ​ Liabilities ​ ​ Accrued interest payable and other liabilities ​ ​ 60,749 ​ ​ 139,824 ​ ​ ​ ​ ​ ​ ​ Shareholders' Equity ​ ​ 36,547,832 ​ ​ 38,498,000 ​ ​ ​ ​ ​ ​ ​ Total liabilities and shareholders' equity ​ $ 36,608,581 ​ $ 38,637,824
Condensed Statement of Operations	Condensed Statement of Operations For the Year Ended June 30, ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2024 ​ 2023 ​ ​ ​ ​ ​ ​ ​ Operating Income ​ $ — ​ $ — ​ ​ ​ ​ ​ ​ ​ General, Adminstrative and Other Expenses ​ ​ ​ ​ ​ ​ Salaries and employee benefits and director fees ​ ​ 223,348 ​ ​ 123,291 Professional services ​ 257,113 ​ 142,840 Total ​ ​ 480,461 ​ ​ 266,131 ​ ​ ​ ​ ​ ​ ​ Loss before income tax benefit and equity in loss of subsidiary ​ ​ (480,461) ​ ​ (266,131) ​ ​ ​ ​ ​ ​ ​ Income tax benefits ​ ​ (91,431) ​ ​ (61,500) ​ ​ ​ ​ ​ ​ ​ Loss before equity in loss of subsidiary ​ ​ (389,030) ​ ​ (204,631) ​ ​ ​ ​ ​ ​ ​ Equity in loss of Van Wert Federal Savings Bank ​ ​ (1,630,503) ​ ​ (340,753) ​ ​ ​ ​ ​ ​ ​ Net Loss ​ $ (2,019,533) ​ $ (545,384)
Condensed Statement of Cash Flows	Condensed Statement of Cash Flows For the Year Ended June 30, ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2024 ​ 2023 Operating Activities ​ ​ ​ ​ ​ ​ Net loss ​ $ (2,019,533) ​ $ (545,384) Items not requiring (providing) cash: ​ ​ ​ ​ ​ ​ Equity in loss of subsidiary ​ ​ 1,630,503 ​ ​ 340,753 Shares allocated to ESOP ​ ​ 173,626 ​ ​ 106,391 Stock compensation expense ​ ​ 73,150 ​ ​ — Net change in other assets and liabilities ​ ​ (187,832) ​ ​ 78,325 Net cash used in operating activities ​ ​ (330,086) ​ ​ (19,915) ​ ​ ​ ​ ​ ​ ​ Investing Activities ​ ​ ​ ​ ​ ​ Investment in subsidiary ​ ​ (1,000,000) ​ ​ (8,932,413) ​ ​ ​ ​ ​ ​ ​ Financing Activities ​ ​ ​ ​ ​ ​ Proceeds from issuance of common stock ​ ​ — ​ ​ 16,326,487 Purchase of treasury stock ​ ​ (598,000) ​ ​ — Net cash (used in) provided by financing activities ​ ​ (598,000) ​ ​ 16,326,487 ​ ​ ​ ​ ​ ​ ​ Net change in cash and cash equivalents ​ ​ (1,928,086) ​ ​ 7,374,159 ​ ​ ​ ​ ​ ​ ​ Cash and cash equivalents at beginning of year ​ ​ 7,374,159 ​ ​ — ​ ​ ​ ​ ​ ​ ​ Cash and cash equivalents at end of year ​ $ 5,446,073 ​ $ 7,374,159 ​

Nature of Operations and Summ_3

Nature of Operations and Summary of Significant Accounting Policies (Details)		1 Months Ended	12 Months Ended
	Jul. 14, 2022 USD ($) $ / shares shares	Jul. 31, 2022 USD ($) shares	Jun. 30, 2024 USD ($) property shares	Jun. 30, 2023 USD ($) property shares
Cash accounts exceeded FDIC insurance limits			$ 4,703,000
Accrued interest receivable on available for sale securities			$ 467,000	$ 300,000
Debt securities, available-for-sale, accrued interest, after allowance for credit Loss, statement of financial position extensible enumeration			Accrued interest receivable	Accrued interest receivable
Other than temporary impairments				$ 0
Accrued interest receivable			$ 457,000	$ 200,000
Financing Receivable, Accrued Interest, after Allowance for Credit Loss, Statement of Financial Position [Extensible Enumeration]			Interest Receivable	Interest Receivable
Impairment of Federal Home Loan Bank Stock			$ 0	$ 0
Impairment of Federal Reserve Bank Stock			$ 0
Number of foreclosed real estate properties | property			0	0
Unrecognized tax positions			$ 0
VWF Bancorp
Ownership percentage	100%
Conversion of stock | shares	1,922,924
Share Price | $ / shares	$ 10
Proceeds from issuance of common stock	$ 19,229,000
Conversion and issuance of common stock	$ 1,364,000
Employee Stock Option
Antidilutive shares | shares			10,000	0
ESOP
Conversion of stock | shares	1,922,924
Stock Issued During Period, Shares, Employee Stock Ownership Plan | shares	153,834	153,834	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

Recent Accounting Pronounceme_2

Recent Accounting Pronouncements (Details) - USD ($)	Jun. 30, 2024	Jun. 30, 2023
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Allowance for credit losses	$ 772,969
Retained earnings	22,843,782	$ 24,916,481
Unfunded loan commitments and letter of credit
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Allowance for credit losses	176,353
Adjustment | ASU 2016-13
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Allowance for credit losses	46,795
Retained earnings	53,000
Adjustment | ASU 2016-13 | Unfunded loan commitments and letter of credit
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Allowance for credit losses	$ 20,503

Debt Securities - Amortized cos

Debt Securities - Amortized cost and fair value with unrealized gains(losses) (Details) - USD ($)	Jun. 30, 2024	Jun. 30, 2023
Debt Securities, Available-for-Sale [Line Items]
Amortized Cost	$ 142,354,577
Amortized Cost		$ 74,276,842
Gross Unrealized Gains	343,357	14,624
Gross Unrealized Losses	(3,352,982)	(3,706,272)
Fair Value	139,344,952
Fair Value		70,585,194
U.S. Government agencies
Debt Securities, Available-for-Sale [Line Items]
Amortized Cost	6,000,000
Amortized Cost		7,000,000
Gross Unrealized Gains		1,410
Gross Unrealized Losses	(285,910)	(471,900)
Fair Value	5,714,090
Fair Value		6,529,510
Mortgage-backed GSEs
Debt Securities, Available-for-Sale [Line Items]
Amortized Cost	29,387,507
Amortized Cost		31,081,408
Gross Unrealized Gains	49,792	961
Gross Unrealized Losses	(1,676,887)	(2,153,110)
Fair Value	27,760,412
Fair Value		28,929,259
Collateralized mortgage obligations (CMOs)
Debt Securities, Available-for-Sale [Line Items]
Amortized Cost	99,668,482
Amortized Cost		30,633,725
Gross Unrealized Gains	293,565	12,253
Gross Unrealized Losses	(459,194)	(261,388)
Fair Value	99,502,853
Fair Value		30,384,590
Subordinated debt
Debt Securities, Available-for-Sale [Line Items]
Amortized Cost	2,750,000
Amortized Cost		1,000,000
Gross Unrealized Losses	(212,045)	(139,530)
Fair Value	2,537,955
Fair Value		860,470
State and political subdivisions
Debt Securities, Available-for-Sale [Line Items]
Amortized Cost	4,548,588
Amortized Cost		4,561,709
Gross Unrealized Losses	(718,946)	(680,344)
Fair Value	$ 3,829,642
Fair Value		$ 3,881,365

Debt Securities - Maturities (D

Debt Securities - Maturities (Details)	Jun. 30, 2024 USD ($)
Maturity, Available-for-sale, Amortized Cost
Within one year	$ 1,000,000
One to five years	5,937,973
Five to ten years	4,995,032
After ten years	1,365,583
Total maturities	13,298,588
Mortgage-backed GSE's and CMO's	129,055,989
Amortized Cost	142,354,577
Maturity, Available-for-sale, Fair Value
Within one year	996,160
One to five years	5,557,166
Five to ten years	4,443,293
After ten years	1,085,068
Total maturities	12,081,687
Without single maturity	127,263,265
Fair Value	$ 139,344,952

Debt Securities - Additional in

Debt Securities - Additional information (Details) - USD ($)	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Fair Value	$ 139,344,952
Fair Value		$ 70,585,194
Proceeds from sales of securities	2,989,041	0
Gross realized losses		2,000
Amount of investments in debt securities reported less than historical cost, Fair value	$ 85,595,000	$ 61,879,000
Investments in debt securities reported less than historical cost, Percentage	61%	88%
Asset Pledged as Collateral without Right
Fair Value	$ 54,822,000
Fair Value		$ 7,201,000
Debt Securities, Available-for-Sale, Pledging Purpose [Extensible Enumeration]	Fair Value	Fair Value

Debt Securities - Continuous un

Debt Securities - Continuous unrealized loss position (Details) - USD ($)	Jun. 30, 2024	Jun. 30, 2023
Fair Value
Less than 12 Months	$ 60,461,981	$ 41,605,352
12 Months or More	25,133,347	20,273,573
Total	85,595,328	61,878,925
Unrealized Losses
Less than 12 Months	483,348	688,090
12 Months or More	2,869,634	3,018,182
Total	3,352,982	3,706,272
U.S. Government agencies
Fair Value
12 Months or More	5,714,090	5,528,100
Total	5,714,090	5,528,100
Unrealized Losses
12 Months or More	285,910	471,900
Total	285,910	471,900
Mortgage-backed GSEs
Fair Value
Less than 12 Months	2,910,227	17,561,545
12 Months or More	13,077,539	11,312,858
Total	15,987,766	28,874,403
Unrealized Losses
Less than 12 Months	3,516	278,848
12 Months or More	1,673,371	1,874,262
Total	1,676,887	2,153,110
Collateralized mortgage obligations (CMOs)
Fair Value
Less than 12 Months	55,863,004	22,734,587
12 Months or More	1,662,871
Total	57,525,875	22,734,587
Unrealized Losses
Less than 12 Months	418,582	261,388
12 Months or More	40,612
Total	459,194	261,388
Subordinated debt
Fair Value
Less than 12 Months	1,688,750	860,470
12 Months or More	849,205
Total	2,537,955	860,470
Unrealized Losses
Less than 12 Months	61,250	139,530
12 Months or More	150,795
Total	212,045	139,530
State and political subdivisions
Fair Value
Less than 12 Months		448,750
12 Months or More	3,829,642	3,432,615
Total	3,829,642	3,881,365
Unrealized Losses
Less than 12 Months		8,324
12 Months or More	718,946	672,020
Total	$ 718,946	$ 680,344

Loans and Allowance for Credi_3

Loans and Allowance for Credit Losses - Categories of loans (Details) - USD ($)	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	$ 129,526,590
Total loans		$ 89,722,491
Less:
Undisbursed loans in process		8,202,918
Undisbursed loans in process	2,222,582
Net deferred loan fees		47,756
Net deferred loan fees	139,947
Allowance for credit losses		263,422	$ 222,884
Allowance for credit losses	772,969
Net loans		81,208,395
Net loans	126,391,092
Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	19,724,941
Total loans		6,009,615
Less:
Allowance for credit losses		27,379	20,643
Residential real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	69,826,726
Total loans		65,857,446
Less:
Allowance for credit losses		167,714	177,830
Multifamily real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	659,257
Total loans		688,393
Less:
Allowance for credit losses		1,786	1,926
Agricultural Real Estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	4,213,660
Total loans		4,044,648
Less:
Allowance for credit losses		17,091	13,868
Construction and land
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	17,644,710
Total loans		8,567,060
Less:
Allowance for credit losses		12,491	5,477
Home equity line of credit (HELOC)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	1,622,877
Total loans		355,296
Less:
Allowance for credit losses		34,779	1,306
Commercial and industrial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	14,879,004
Total loans		3,398,557
Less:
Allowance for credit losses		882	709
Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	$ 955,415
Total loans		801,476
Less:
Allowance for credit losses		$ 1,300	$ 1,125

Loans and Allowance for Credi_4

Loans and Allowance for Credit Losses - Allowance for credit losses (Details) - USD ($)	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Allowance for loan losses:
Beginning balance	$ 263,422	$ 222,884
Provision (credit) for loan losses	462,752	40,538
Provision (credit) for loan losses	462,752
Ending balance		263,422
Ending balance	772,969
Adjustment | ASU 2016-13
Allowance for loan losses:
Ending balance	46,795
Unfunded loan commitments and letter of credit
Allowance for loan losses:
Provision (credit) for loan losses	155,850
Ending balance	176,353
Unfunded loan commitments and letter of credit | 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		6,736
Provision (credit) for loan losses	181,783
Ending balance		27,379
Ending balance	206,959
Commercial real estate | Adjustment | ASU 2016-13
Allowance for loan losses:
Ending balance	(2,203)
Residential real estate
Allowance for loan losses:
Beginning balance	167,714	177,830
Provision (credit) for loan losses		(10,116)
Provision (credit) for loan losses	(35,031)
Ending balance		167,714
Ending balance	174,613
Residential real estate | Adjustment | ASU 2016-13
Allowance for loan losses:
Ending balance	41,930
Multifamily real estate
Allowance for loan losses:
Beginning balance	1,786	1,926
Provision (credit) for loan losses		(140)
Provision (credit) for loan losses	(502)
Ending balance		1,786
Ending balance	1,275
Multifamily real estate | Adjustment | ASU 2016-13
Allowance for loan losses:
Ending balance	(9)
Agricultural real estate
Allowance for loan losses:
Beginning balance	17,091	13,868
Provision (credit) for loan losses		3,223
Provision (credit) for loan losses	(3,734)
Ending balance		17,091
Ending balance	12,161
Agricultural real estate | Adjustment | ASU 2016-13
Allowance for loan losses:
Ending balance	(1,196)
Construction and land
Allowance for loan losses:
Beginning balance	12,491	5,477
Provision (credit) for loan losses		7,014
Provision (credit) for loan losses	167,959
Ending balance		12,491
Ending balance	190,594
Construction and land | Adjustment | ASU 2016-13
Allowance for loan losses:
Ending balance	10,144
Home equity line of credit (HELOC)
Allowance for loan losses:
Beginning balance	34,779	1,306
Provision (credit) for loan losses		33,473
Provision (credit) for loan losses	2,160
Ending balance		34,779
Ending balance	3,051
Home equity line of credit (HELOC) | Adjustment | ASU 2016-13
Allowance for loan losses:
Ending balance	(33,888)
Commercial and industrial
Allowance for loan losses:
Beginning balance	882	709
Provision (credit) for loan losses		173
Provision (credit) for loan losses	150,567
Ending balance		882
Ending balance	183,011
Commercial and industrial | Adjustment | ASU 2016-13
Allowance for loan losses:
Ending balance	31,562
Consumer
Allowance for loan losses:
Beginning balance	1,300	1,125
Provision (credit) for loan losses		175
Provision (credit) for loan losses	(450)
Ending balance		$ 1,300
Ending balance	1,305
Consumer | Adjustment | ASU 2016-13
Allowance for loan losses:
Ending balance	$ 455

Loans and Allowance for Credi_5

Loans and Allowance for Credit Losses - Allowance for loan losses by impairment method (Details)	Jun. 30, 2023 USD ($)
Allowance for loan losses:
Ending balance, individually evaluated for impairment	$ 7
Ending balance, collectively evaluated for impairment	263,415
Loans:
Ending balance; individually evaluated for impairment	304,096
Ending balance; collectively evaluated for impairment	89,418,395
Commercial real estate
Allowance for loan losses:
Ending balance, collectively evaluated for impairment	27,379
Loans:
Ending balance; collectively evaluated for impairment	6,009,615
Residential real estate
Allowance for loan losses:
Ending balance, individually evaluated for impairment	7
Ending balance, collectively evaluated for impairment	167,707
Loans:
Ending balance; individually evaluated for impairment	304,096
Ending balance; collectively evaluated for impairment	65,553,350
Multifamily real estate
Allowance for loan losses:
Ending balance, collectively evaluated for impairment	1,786
Loans:
Ending balance; collectively evaluated for impairment	688,393
Agricultural real estate
Allowance for loan losses:
Ending balance, collectively evaluated for impairment	17,091
Loans:
Ending balance; collectively evaluated for impairment	4,044,648
Construction and land
Allowance for loan losses:
Ending balance, collectively evaluated for impairment	12,491
Loans:
Ending balance; collectively evaluated for impairment	8,567,060
Home equity line of credit (HELOC)
Allowance for loan losses:
Ending balance, collectively evaluated for impairment	34,779
Loans:
Ending balance; collectively evaluated for impairment	355,296
Commercial and industrial
Allowance for loan losses:
Ending balance, collectively evaluated for impairment	882
Loans:
Ending balance; collectively evaluated for impairment	3,398,557
Consumer
Allowance for loan losses:
Ending balance, collectively evaluated for impairment	1,300
Loans:
Ending balance; collectively evaluated for impairment	$ 801,476

Loans and Allowance for Credi_6

Loans and Allowance for Credit Losses - Credit Quality Indicators (Details) - USD ($)	Jun. 30, 2024	Jun. 30, 2023
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans	$ 129,526,590
Total		$ 89,722,491
Real estate loans
Financing Receivable, Credit Quality Indicator [Line Items]
Total		66,212,742
Real estate loans | Performing
Financing Receivable, Credit Quality Indicator [Line Items]
Total		65,908,646
Real estate loans | Nonperforming
Financing Receivable, Credit Quality Indicator [Line Items]
Total		304,096
Commercial real estate
Financing Receivable, Credit Quality Indicator [Line Items]
2024	14,580,611
2023	1,093,719
2022	1,456,599
2021	336,694
2020	295,178
Prior	1,962,140
Total loans	19,724,941
Total		6,009,615
Commercial real estate | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
2024	14,580,611
2023	1,093,719
2022	1,456,599
2021	336,694
2020	295,178
Prior	1,962,140
Total loans	19,724,941
Total		5,868,689
Commercial real estate | Monitor
Financing Receivable, Credit Quality Indicator [Line Items]
Total		140,926
Residential real estate
Financing Receivable, Credit Quality Indicator [Line Items]
Total loans	69,826,726
Total		65,857,446
Residential real estate | Residential Portfolio Segment
Financing Receivable, Credit Quality Indicator [Line Items]
2024	9,835,966
2023	5,849,525
2022	14,409,481
2021	16,673,325
2020	7,723,487
Prior	14,924,910
Revolving Loans Amortized Cost Basis	410,032
Total loans	69,826,726
Residential real estate | Performing | Residential Portfolio Segment
Financing Receivable, Credit Quality Indicator [Line Items]
2024	9,835,966
2023	5,704,514
2022	14,362,807
2021	16,673,325
2020	7,723,487
Prior	14,614,432
Revolving Loans Amortized Cost Basis	410,032
Total loans	69,324,563
Residential real estate | Nonperforming | Residential Portfolio Segment
Financing Receivable, Credit Quality Indicator [Line Items]
2023	145,011
2022	46,674
Prior	310,478
Total loans	502,163
Residential real estate | Real estate loans
Financing Receivable, Credit Quality Indicator [Line Items]
Total		65,857,446
Residential real estate | Real estate loans | Performing
Financing Receivable, Credit Quality Indicator [Line Items]
Total		65,553,350
Residential real estate | Real estate loans | Nonperforming
Financing Receivable, Credit Quality Indicator [Line Items]
Total		304,096
Other than Residential Real Estate Loans
Financing Receivable, Credit Quality Indicator [Line Items]
Total		23,509,749
Other than Residential Real Estate Loans | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Total		19,833,374
Other than Residential Real Estate Loans | Monitor
Financing Receivable, Credit Quality Indicator [Line Items]
Total		3,638,443
Other than Residential Real Estate Loans | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Total		37,932
Multifamily real estate
Financing Receivable, Credit Quality Indicator [Line Items]
2022	659,257
Total loans	659,257
Total		688,393
Multifamily real estate | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
2022	659,257
Total loans	659,257
Total		688,393
Agricultural real estate
Financing Receivable, Credit Quality Indicator [Line Items]
2024	627,343
2023	1,087,542
2022	827,774
2021	615,048
2020	278,000
Prior	777,953
Total loans	4,213,660
Total		4,044,648
Agricultural real estate | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
2024	627,343
2023	1,087,542
2022	827,774
2021	615,048
2020	278,000
Prior	566,671
Total loans	4,002,378
Total		3,822,067
Agricultural real estate | Monitor
Financing Receivable, Credit Quality Indicator [Line Items]
Prior	211,282
Total loans	211,282
Total		222,581
Construction and land
Financing Receivable, Credit Quality Indicator [Line Items]
2024	12,732,392
2023	4,855,874
2022	20,212
Prior	36,232
Total loans	17,644,710
Total		8,567,060
Construction and land | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
2024	12,732,392
2023	4,855,874
2022	20,212
Total loans	17,608,478
Total		5,254,192
Construction and land | Monitor
Financing Receivable, Credit Quality Indicator [Line Items]
Total		3,274,936
Construction and land | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Prior	36,232
Total loans	36,232
Total		37,932
Home equity line of credit (HELOC)
Financing Receivable, Credit Quality Indicator [Line Items]
2024	1,231,286
2023	34,140
2022	145,393
2021	39,737
2020	51,479
Prior	120,842
Total loans	1,622,877
Total		355,296
Home equity line of credit (HELOC) | Performing
Financing Receivable, Credit Quality Indicator [Line Items]
2024	1,231,286
2023	34,140
2022	145,393
2021	39,737
2020	51,479
Prior	120,842
Total loans	1,622,877
Home equity line of credit (HELOC) | Real estate loans
Financing Receivable, Credit Quality Indicator [Line Items]
Total		355,296
Home equity line of credit (HELOC) | Real estate loans | Performing
Financing Receivable, Credit Quality Indicator [Line Items]
Total		355,296
Commercial and industrial
Financing Receivable, Credit Quality Indicator [Line Items]
2024	14,429,210
2023	161,367
2021	288,427
Total loans	14,879,004
Total		3,398,557
Commercial and industrial | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
2024	14,429,210
2023	161,367
2021	288,427
Total loans	14,879,004
Total		3,398,557
Consumer
Financing Receivable, Credit Quality Indicator [Line Items]
2024	493,671
2023	287,793
2022	132,845
2021	17,597
2020	11,714
Prior	11,795
Total loans	955,415
Total		801,476
Consumer | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
2024	493,671
2023	287,793
2022	132,845
2021	17,597
2020	11,714
Prior	11,795
Total loans	$ 955,415
Total		$ 801,476

Loans and Allowance for Credi_7

Loans and Allowance for Credit Losses - Credit risk profile of Bank's loan portfolio (Details)	Jun. 30, 2023 USD ($)
Financing Receivable, Credit Quality Indicator [Line Items]
Total	$ 89,722,491
Real estate loans
Financing Receivable, Credit Quality Indicator [Line Items]
Total	66,212,742
Real estate loans | Performing
Financing Receivable, Credit Quality Indicator [Line Items]
Total	65,908,646
Real estate loans | 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
Residential real estate | Real estate loans
Financing Receivable, Credit Quality Indicator [Line Items]
Total	65,857,446
Residential real estate | Real estate loans | Performing
Financing Receivable, Credit Quality Indicator [Line Items]
Total	65,553,350
Residential real estate | Real estate loans | 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
Home equity line of credit (HELOC) | Real estate loans
Financing Receivable, Credit Quality Indicator [Line Items]
Total	355,296
Home equity line of credit (HELOC) | Real estate loans | 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 ($)	Jun. 30, 2024	Jun. 30, 2023
Financing Receivable, Past Due [Line Items]
Total		$ 89,722,491
Total Loans.	$ 129,526,590
Total Past Due
Financing Receivable, Past Due [Line Items]
Total		733,747
Total Loans.	760,097
30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Loans.	597,092
60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total		616,352
Total Loans.	91,276
Greater Than 90 Days Past Due
Financing Receivable, Past Due [Line Items]
Total		117,395
Total Loans.	71,729
Current
Financing Receivable, Past Due [Line Items]
Total		88,988,744
Total Loans.	128,766,493
Real estate loans
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.	19,724,941
Commercial real estate | Current
Financing Receivable, Past Due [Line Items]
Total		6,009,615
Total Loans.	19,724,941
Residential real estate
Financing Receivable, Past Due [Line Items]
Total		65,857,446
Total Loans.	69,826,726
Residential real estate | Total Past Due
Financing Receivable, Past Due [Line Items]
Total		733,747
Total Loans.	718,815
Residential real estate | 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Loans.	559,332
Residential real estate | 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total		616,352
Total Loans.	87,754
Residential real estate | Greater Than 90 Days Past Due
Financing Receivable, Past Due [Line Items]
Total		117,395
Total Loans.	71,729
Residential real estate | Current
Financing Receivable, Past Due [Line Items]
Total		65,123,699
Total Loans.	69,107,911
Residential real estate | Real estate loans
Financing Receivable, Past Due [Line Items]
Total		65,857,446
Multifamily real estate
Financing Receivable, Past Due [Line Items]
Total		688,393
Total Loans.	659,257
Multifamily real estate | Current
Financing Receivable, Past Due [Line Items]
Total		688,393
Total Loans.	659,257
Agricultural real estate
Financing Receivable, Past Due [Line Items]
Total		4,044,648
Total Loans.	4,213,660
Agricultural real estate | Current
Financing Receivable, Past Due [Line Items]
Total		4,044,648
Total Loans.	4,213,660
Construction and land
Financing Receivable, Past Due [Line Items]
Total		8,567,060
Total Loans.	17,644,710
Construction and land | Total Past Due
Financing Receivable, Past Due [Line Items]
Total Loans.	36,232
Construction and land | 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Loans.	36,232
Construction and land | Current
Financing Receivable, Past Due [Line Items]
Total		8,567,060
Total Loans.	17,608,478
Home equity line of credit (HELOC)
Financing Receivable, Past Due [Line Items]
Total		355,296
Total Loans.	1,622,877
Home equity line of credit (HELOC) | Current
Financing Receivable, Past Due [Line Items]
Total		355,296
Total Loans.	1,622,877
Home equity line of credit (HELOC) | Real estate loans
Financing Receivable, Past Due [Line Items]
Total		355,296
Commercial and industrial
Financing Receivable, Past Due [Line Items]
Total		3,398,557
Total Loans.	14,879,004
Commercial and industrial | Current
Financing Receivable, Past Due [Line Items]
Total		3,398,557
Total Loans.	14,879,004
Consumer
Financing Receivable, Past Due [Line Items]
Total		801,476
Total Loans.	955,415
Consumer | Total Past Due
Financing Receivable, Past Due [Line Items]
Total Loans.	5,050
Consumer | 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Loans.	1,528
Consumer | 60-89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Loans.	3,522
Consumer | Current
Financing Receivable, Past Due [Line Items]
Total		$ 801,476
Total Loans.	$ 950,365

Loans and Allowance for Credi_9

Loans and Allowance for Credit Losses - Summary of collateral dependent loans (Details)	Jun. 30, 2024 USD ($)
Financing Receivable, Allowance for Credit Loss [Line Items]
Recorded Investment	$ 129,526,590
Related Allowance	772,969
Commercial real estate
Financing Receivable, Allowance for Credit Loss [Line Items]
Recorded Investment	19,724,941
Related Allowance	206,959
Residential real estate
Financing Receivable, Allowance for Credit Loss [Line Items]
Recorded Investment	69,826,726
Related Allowance	174,613
Multifamily real estate
Financing Receivable, Allowance for Credit Loss [Line Items]
Recorded Investment	659,257
Related Allowance	1,275
Agricultural real estate
Financing Receivable, Allowance for Credit Loss [Line Items]
Recorded Investment	4,213,660
Related Allowance	12,161
Construction and land
Financing Receivable, Allowance for Credit Loss [Line Items]
Recorded Investment	17,644,710
Related Allowance	190,594
Home equity line of credit (HELOC)
Financing Receivable, Allowance for Credit Loss [Line Items]
Recorded Investment	1,622,877
Related Allowance	3,051
Commercial and industrial
Financing Receivable, Allowance for Credit Loss [Line Items]
Recorded Investment	14,879,004
Related Allowance	183,011
Consumer
Financing Receivable, Allowance for Credit Loss [Line Items]
Recorded Investment	955,415
Related Allowance	1,305
Collateral pledged
Financing Receivable, Allowance for Credit Loss [Line Items]
Recorded Investment	554,067
Collateral pledged | Residential real estate
Financing Receivable, Allowance for Credit Loss [Line Items]
Recorded Investment	502,163
Collateral pledged | Construction and land
Financing Receivable, Allowance for Credit Loss [Line Items]
Recorded Investment	36,232
Collateral pledged | Consumer
Financing Receivable, Allowance for Credit Loss [Line Items]
Recorded Investment	15,672
Real Estate
Financing Receivable, Allowance for Credit Loss [Line Items]
Recorded Investment	538,395
Real Estate | Residential real estate
Financing Receivable, Allowance for Credit Loss [Line Items]
Recorded Investment	502,163
Real Estate | Construction and land
Financing Receivable, Allowance for Credit Loss [Line Items]
Recorded Investment	36,232
Other
Financing Receivable, Allowance for Credit Loss [Line Items]
Recorded Investment	15,672
Other | Consumer
Financing Receivable, Allowance for Credit Loss [Line Items]
Recorded Investment	$ 15,672

Loans and Allowance for Cred_10

Loans and Allowance for Credit Losses - Information on impaired loans (Details) - Real estate loans	12 Months Ended
	Jun. 30, 2023 USD ($)
Recorded Balance
Total recorded balance	$ 304,096
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
Residential real estate
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 without a specific valuation allowance:	248,057
Loans with a specific valuation allowance:	61,670
Interest Income Recognized
Loans without a specific valuation allowance:	7,456
Loans with a specific valuation allowance:	$ 3,886

Loans and Allowance for Cred_11

Loans and Allowance for Credit Losses - Nonaccrual loans (Details) - USD ($)	Jun. 30, 2024	Jun. 30, 2023
Financing Receivable, Past Due [Line Items]
Nonaccrual Loans With No Allowance for Credit Losses	$ 554,067
Total Nonaccrual Loans	554,067
Total Nonaccrual Loans at Beginning of Year		$ 304,096
Residential real estate
Financing Receivable, Past Due [Line Items]
Nonaccrual Loans With No Allowance for Credit Losses	502,163
Total Nonaccrual Loans	502,163
Total Nonaccrual Loans at Beginning of Year		$ 304,096
Construction and land
Financing Receivable, Past Due [Line Items]
Nonaccrual Loans With No Allowance for Credit Losses	36,232
Total Nonaccrual Loans	36,232
Consumer
Financing Receivable, Past Due [Line Items]
Nonaccrual Loans With No Allowance for Credit Losses	15,672
Total Nonaccrual Loans	$ 15,672

Loans and Allowance for Cred_12

Loans and Allowance for Credit Losses - Additional Information (Details) - loan	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Loans and Allowance for Credit Losses
Number of loans modified in troubled debt restructuring	0
Number of loans modified in troubled debt restructuring		0
Number of troubled debt restructurings modified in past 12 months that subsequently defaulted		0

Premises and Equipment (Details

Premises and Equipment (Details) - USD ($)	Jun. 30, 2024	Jun. 30, 2023
Premises and Equipment.
Total premises and equipment	$ 3,613,764	$ 3,094,652
Less accumulated depreciation	(1,352,504)	(1,685,305)
Net premises and equipment	2,261,260	1,409,347
Land
Premises and Equipment.
Total premises and equipment	572,183	572,183
Buildings and improvements
Premises and Equipment.
Total premises and equipment	1,344,309	1,357,006
Furniture and equipment
Premises and Equipment.
Total premises and equipment	996,000	1,099,722
Leasehold improvements
Premises and Equipment.
Total premises and equipment	220,822
Software
Premises and Equipment.
Total premises and equipment	72,614
IT equipment and improvements
Premises and Equipment.
Total premises and equipment	98,758	$ 65,741
Construction in progress
Premises and Equipment.
Total premises and equipment	$ 309,078

Time Deposits (Details)

Time Deposits (Details) - USD ($)	Jun. 30, 2024	Jun. 30, 2023
Time Deposits
Time deposits	$ 10,361,000	$ 5,716,000
Maturing year ending June 30,
2025	46,051,659
2026	41,636,458
2027	19,135,762
2028	11,246,711
2029	17,280,018
Total	$ 135,350,608	$ 51,420,496

Borrowings - Borrowed funds (De

Borrowings - Borrowed funds (Details) - USD ($)	Jun. 30, 2024	Jun. 30, 2023
Debt Instrument [Line Items]
Total borrowings	$ 62,000,000	$ 6,200,000
Federal Home Loan Bank of Cincinnati
Debt Instrument [Line Items]
Borrowings, rate	5.46%	5.19%
Total borrowings	$ 38,500,000	$ 6,200,000
Federal Reserve Bank of Cleveland
Debt Instrument [Line Items]
Borrowings, rate	4.76%
Total borrowings	$ 23,500,000

Borrowings (Details)

Borrowings (Details) - USD ($)	Jun. 30, 2024	Jun. 30, 2023
Borrowings
Amount pledged	$ 65,848,000	$ 63,155,000
Maximum amount of borrowing	$ 3,945,000

Leases (Details)

Leases (Details)	12 Months Ended
	Jun. 30, 2024 item Options
Leases
Number of operating leases | item	2
Number of lease renewal options | Options	2
Number of years lease can be renewed	5 years

Leases - Lease Cost (Details)

Leases - Lease Cost (Details)	12 Months Ended
	Jun. 30, 2024 USD ($)
Lease cost
Operating lease cost	$ 77,187
Short-term lease cost	39,655
Total lease cost	$ 116,842

Leases - Other Information (Det

Leases - Other Information (Details)	12 Months Ended
	Jun. 30, 2024 USD ($)
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$ 63,066
Right-of-use assets obtained in exchange for new operating lease liabilities	$ 1,452,406
Weighted-average remaining lease term	9 years 7 months 2 days
Weighted-average discount rate	5.10%

Leases - Future Minimum Lease P

Leases - Future Minimum Lease Payments (Details)	Jun. 30, 2024 USD ($)
Leases
2025	$ 159,960
2026	178,307
2027	182,743
2028	187,316
2029	192,010
Thereafter	942,680
Total future undiscounted lease payments	1,843,016
Less interest	(400,396)
Lease liabilities	$ 1,442,620

Income Taxes - Provision for in

Income Taxes - Provision for income taxes (Details) - USD ($)	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Provision for income taxes
Taxes currently payable	$ 4,588	$ (6,769)
Deferred income taxes	(554,628)	(175,944)
Income tax expense (benefit)	$ (550,040)	$ (182,713)

Income Taxes - Reconciliation o

Income Taxes - Reconciliation of federal income tax expense (benefit) (Details) - USD ($)	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Reconciliation of federal income tax expense
Computed at statutory rate (21%)	$ (539,610)	$ (152,900)
Increase (decrease) resulting from:
Bank-owned life insurance	(26,786)	(23,397)
ESOP	8,516	17,982
Incentive stock options	950
Nontaxable interest income on municipal securities	(9,175)	(9,070)
Other	16,065	(15,328)
Income tax expense (benefit)	$ (550,040)	$ (182,713)
Income tax statutory rate	21%

Income Taxes - Composition of n

Income Taxes - Composition of net deferred tax liability (Details) - USD ($)	Jun. 30, 2024	Jun. 30, 2023
Deferred tax assets
Allowance for loan losses	$ 199,358	$ 55,319
Unrealized losses on available-for-sale securities	632,021	775,246
Operating lease liability	302,950
Net operating loss carryforward	372,397	86,723
Other	124,485	70,283
Deferred tax assets	1,631,211	987,571
Deferred tax liabilities
Depreciation	(33,622)	(27,640)
Right of use asset - operating lease	(295,450)
Federal Home Loan Bank stock dividends		(83,328)
Defined benefit pension plan		(17,290)
Deferred tax liabilities	(329,072)	(128,258)
Net deferred tax asset	$ 1,302,139	$ 859,313

Income Taxes (Details)

Income Taxes (Details) - USD ($)	Jun. 30, 2024	Jun. 30, 2023
Income Taxes
Deferred tax liability expected to be recognized	$ 1,800,000	$ 1,800,000
Deferred federal income tax liability	375,000	$ 375,000
Net operating loss carryforwards that do not expire	$ 1,773,000

Capital and Regulatory Matters

Capital and Regulatory Matters (Details)	12 Months Ended
	Jun. 30, 2024 USD ($) $ / shares shares	Feb. 20, 2024 USD ($)	Jun. 30, 2023
Capital and Regulatory Matters
Grace period	6 months
Tier 1 Leverage capital ratio	1
Tier 1 Leverage capital ratio, well capitalized, minimum	0.1211		0.2057
Share repurchase plan, authorized amount		$ 600,000
Treasury stock acquired | shares	36,800
Shares repurchased, average cost per share | $ / shares	$ 16.25
Remaining amount authorized for repurchase	$ 2,000

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($)	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Related Party Transactions
Balance at beginning of year	$ 3,766,000	$ 4,151,000
Loans disbursed	1,500,000	60,000
Repayments	(447,121)	(445,000)
Balance at end of year	4,818,879	3,766,000
Related party loans committed and undispersed	0	997,000
Deposits from related party	$ 3,408,000	$ 2,405,000

Earnings (Loss) Per Share (Deta

Earnings (Loss) Per Share (Details) - USD ($)	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Basic
Net loss	$ (2,019,533)	$ (545,384)
Shares outstanding for basic (loss) earnings per share:
Weighted-average common shares outstanding	1,909,423	1,922,924
Less average unearned ESOP shares	(140,535)	(149,868)
Weighted-average shares outstanding - basic	1,768,888	1,773,056
Basic loss per share	$ (1.14)	$ (0.31)
Diluted
Weighted-average shares outstanding - basic	1,768,888	1,773,056
Weighted average shares - assuming dilution	1,768,888	1,773,056
Diluted loss per share	$ (1.14)	$ (0.31)
Stock options
Diluted
Antidilutive shares	10,000	0
Restricted stock
Diluted
Antidilutive shares	28,841	0

Employee Benefits - Defined Ben

Employee Benefits - Defined Benefit Pension Plan (Details) - USD ($)	Jan. 01, 2023	Jun. 30, 2023
Employee Benefits
DB Plan contributed	$ 4,978,000
Benefit obligation	$ 5,008,000	$ 4,894,847

Employee Benefits - DB Plans fu

Employee Benefits - DB Plans funded status and pension cost (Details) - USD ($)		12 Months Ended
	Jan. 01, 2023	Jun. 30, 2024	Jun. 30, 2023
Change in benefit obligation:
Beginning of the year		$ 4,894,847
End of the year	$ 5,008,000		$ 4,894,847
Change in plan assets:
Beginning of the year		4,929,288
Employer contributions	$ 4,978,000
End of the year			4,929,288
Defined Benefit Pension Plan
Change in benefit obligation:
Beginning of the year		4,894,847	0
Benefit obligation upon transfer from Pentegra plan		0	5,007,614
Service cost		16,000	16,000
Interest cost		137,961	83,992
Actuarial (gain)/loss		336,005	(86,514)
Benefits paid		(332,557)	(97,520)
Plan termination settlements		(4,997,799)	0
Administrative expenses		(54,457)	(28,725)
End of the year		0	4,894,847
Change in plan assets:
Beginning of the year		4,929,288	0
Transfer from Pentegra plan		0	4,977,837
Actual return on assets		158,629	77,696
Employer contributions		296,896	0
Administrative expenses		(54,457)	(28,725)
Benefits paid		(332,557)	(97,520)
Plan termination settlements		(4,997,799)	0
End of the year		0	4,929,288
Funded status at end of the year		$ 0	$ 34,441

Employee Benefits - Amounts rec

Employee Benefits - Amounts recognized in accumulated other comprehensive loss (Details) - Defined Benefit Pension Plan	Jun. 30, 2023 USD ($)
Employee Benefits
Net gain	$ 82,333
Prior service cost	0
Amounts recognized in accumulated other comprehensive loss	$ 82,333

Employee Benefits - Information

Employee Benefits - Information for the pension plan (Details) - USD ($)	Jun. 30, 2023	Jan. 01, 2023
Employee Benefits
Projected benefit obligation	$ 4,894,847	$ 5,008,000
Fair value of plan assets	$ 4,929,288

Employee Benefits - Components

Employee Benefits - Components of net periodic benefit cost (Details) - Pension Plan - USD ($)	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Components of net periodic benefit cost:
Service cost	$ 16,000	$ 16,000
Interest cost	137,961	83,992
Return on plan assets	(120,254)	(81,877)
Amortization of net gain	(82,333)
Net periodic pension cost	(48,626)	18,115
Recognition of underfunded pension
benefit obligation at transition		29,777
Settlement recognition of net loss	297,630
Expense recognized	$ 249,004	$ 47,892

Employee Benefits - Significant

Employee Benefits - Significant assumptions (Details) - Defined Benefit Pension Plan	12 Months Ended
	Jun. 30, 2024
Weighed-average assumptions used to determine benefit obligation:
Discount rate	5.80%
Weighted average assumptions used to determine benefit cost:
Discount rate	5.09%
Expected return on plan assets	5%

Employee Benefits - 401(k) Plan

Employee Benefits - 401(k) Plan and Salary Contribution Plan (Details) - USD ($)		12 Months Ended
	Aug. 01, 2016	Jun. 30, 2024	Jun. 30, 2023
Employee Benefits
Defined contribution plan, eligibility criteria, age		21 years
Defined contribution plan, eligibility criteria, service period		90 days
Employer matching contribution, percent of employees' gross pay		6%
Employer matching contribution trigger service period		12 months
Expense relative to plan		$ 39,000	$ 68,000
Guaranteed payout period	15 years
Compensation expense (benefit)		(7,100)	(9,000)
Liability related to plan		$ 137,000	$ 155,000

Employee Benefits - ESOP (Detai

Employee Benefits - ESOP (Details) - ESOP		1 Months Ended	12 Months Ended
	Jul. 14, 2022 USD ($) shares	Jul. 31, 2022 USD ($) Y item shares	Jun. 30, 2024 USD ($) shares	Jun. 30, 2023 USD ($) shares
ESOP
ESOP, eligible participant, threshold work hours | item		1,000
ESOP, eligible participant, threshold age | Y		18
Amount borrowed	$ 1,538,000	$ 1,500,000
ESOP shares | shares	153,834	153,834	153,834	153,834
Amortization period of contributions		20 years
Compensation expense			$ 117,000	$ 165,000

Employee Benefits - Shares held

Employee Benefits - Shares held by ESOP (Details) - ESOP - USD ($)		1 Months Ended	12 Months Ended
	Jul. 14, 2022	Jul. 31, 2022	Jun. 30, 2024	Jun. 30, 2023
ESOP
Shares committed to be released to participants			3,846	7,692
Shares allocated to participants			15,383	0
Unearned shares			134,605	146,142
Total ESOP shares	153,834	153,834	153,834	153,834
Fair value of unearned shares			$ 2,051,380	$ 1,899,846

Employee Benefits - Stock Based

Employee Benefits - Stock Based Compensation (Details) - 2023 Equity Incentive Plan	Nov. 30, 2023 shares
Stock Based Compensation
Maximum number of shares authorized	269,208
Employee Stock Option
Stock Based Compensation
Maximum number of shares authorized	192,292
Restricted stock awards or restricted stock units
Stock Based Compensation
Maximum number of shares authorized	76,916

Employee Benefits - Fair value

Employee Benefits - Fair value of options (Details) - Employee Stock Option	12 Months Ended
	Jun. 30, 2024
Stock Based Compensation
Expected volatility	20.27%
Expected dividends	1.50%
Expected term (in years)	6 years 6 months
Risk-free rate	4.12%

Employee Benefits - Stock Optio

Employee Benefits - Stock Option Activity (Details)	12 Months Ended
	Jun. 30, 2024 $ / shares shares
Shares
Granted (in shares) | shares	10,000
Outstanding, ending balance (in shares) | shares	10,000
Weighted Average Exercise Price
Granted (in dollars per share)	$ 16.25
Outstanding, ending balance (in dollars per share)	16.25
Weighted Average Grant Date Fair Value
Granted (in dollars per share)	4.07
Outstanding, ending balance (in dollars per share)	$ 4.07
Weighted Average Remaining Contractual Term and Intrinsic Value
Granted (in years)	9 years 8 months 1 day
Outstanding, ending balance (in years)	9 years 8 months 1 day

Employee Benefits - Restricted

Employee Benefits - Restricted Stock Awards - Changes during the period for nonvested shares (Details)	12 Months Ended
	Jun. 30, 2024 USD ($) $ / shares shares
Shares
Awarded (in shares) | shares	28,841
Nonvested shares, ending (in shares) | shares	28,841
Weighted Average Grant Date Fair Value
Awarded (in dollars per share) | $ / shares	$ 16.39
Nonvested, ending (in dollars per share) | $ / shares	$ 16.39
Stock based compensation expense | $	$ 73,000
2023 Equity Incentive Plan
Weighted Average Grant Date Fair Value
Total unrecognized compensation cost | $	$ 440,000
Period of recognition (in years)	2 years 7 months 6 days

Disclosures about Fair Value _3

Disclosures about Fair Value of Assets and Liabilities - Fair value of assets measured on recurring basis (Details) - USD ($)	Jun. 30, 2024	Jun. 30, 2023
Level 2 | U.S. Government agencies
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, Fair value	$ 5,714,090	$ 6,529,510
Level 2 | Mortgage-backed GSEs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, Fair value	27,760,412	28,929,259
Level 2 | Collateralized mortgage obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, Fair value	99,502,853	30,384,590
Level 2 | Subordinated Debt
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, Fair value	2,537,955	860,470
Level 2 | State and political subdivisions
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, Fair value	3,829,642	3,881,365
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, Fair value	0
Fair Value, Recurring | U.S. Government agencies
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, Fair value	5,714,090	6,529,510
Fair Value, Recurring | Mortgage-backed GSEs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, Fair value	27,760,412	28,929,259
Fair Value, Recurring | Collateralized mortgage obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, Fair value	99,502,853	30,384,590
Fair Value, Recurring | Subordinated Debt
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, Fair value	2,537,955	860,470
Fair Value, Recurring | State and political subdivisions
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, Fair value	$ 3,829,642	$ 3,881,365

Disclosures about Fair Value _4

Disclosures about Fair Value of Assets and Liabilities (Details)	12 Months Ended
	Jun. 30, 2023 USD ($) loan	Jun. 30, 2024 USD ($)
Carrying value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Loan Receivable, Fair Value	$ 81,208,395	$ 126,391,092
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Assets, Fair value		0
Loan Receivable, Fair Value	$ 73,268,657	115,890,092
Fair Value, Nonrecurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
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
Loan Receivable, Fair Value	$ 60,000
Fair Value, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Liabilities, Fair value		$ 0

Disclosures about Fair Value _5

Disclosures about Fair Value of Assets and Liabilities - Estimated fair values of the Bank's financial instruments (Details) - USD ($)	Jun. 30, 2024	Jun. 30, 2023
Carrying value
Financial assets:
Cash and due from banks	$ 31,630,525	$ 5,515,728
Loans, net	126,391,092	81,208,395
Stock in correspondent banks	2,195,900	396,800
Accrued interest receivable	961,856	498,807
Financial liabilities:
Deposits	209,310,330	119,991,581
Borrowings	62,000,000	6,200,000
Accrued interest payable	778,831	55,667
Fair value
Financial assets:
Cash and due from banks	31,630,525	5,515,728
Loans, net	115,890,092	73,268,657
Stock in correspondent banks	2,195,900	396,800
Accrued interest receivable	961,856	498,807
Financial liabilities:
Deposits	209,243,722	120,415,085
Borrowings	61,812,000	6,191,000
Accrued interest payable	778,831	55,667
Level 1
Financial assets:
Cash and due from banks	31,630,525	5,515,728
Accrued interest receivable	961,856	498,807
Financial liabilities:
Deposits	73,959,722	68,571,085
Accrued interest payable	778,831	55,667
Level 2
Financial assets:
Stock in correspondent banks	2,195,900	396,800
Level 3
Financial assets:
Loans, net	115,890,092	73,268,657
Financial liabilities:
Deposits	135,284,000	51,844,000
Borrowings	$ 61,812,000	$ 6,191,000

Commitments and Credit Risks -

Commitments and Credit Risks - Commitments outstanding (Details) - USD ($)	Jun. 30, 2024	Jun. 30, 2023
Loss Contingencies
Total commitments outstanding	$ 33,080,608	$ 11,022,000
Commitments to originate loans
Loss Contingencies
Total commitments outstanding	2,766,266	7,028,000
Undisbursed balance of loans closed
Loss Contingencies
Total commitments outstanding	$ 30,314,342	$ 3,994,000

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Loss - Components of Accumulated Other Comprehensive Income (Loss) (Details) - USD ($)	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Accumulated Other Comprehensive Income (Loss) [Line Items]
Amounts reclassified from accumulated other comprehensive loss		$ 0
Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive loss at beginning of period	$ (2,851,359)	(2,094,759)
Other Comprehensive Income (Loss), before Reclassifications, before Tax	538,798	(756,600)
Amounts reclassified from accumulated other comprehensive loss	(65,043)
Net current period other comprehensive loss	473,755	(756,600)
Accumulated other comprehensive loss at end of period	(2,377,604)	(2,851,359)
Unrealized Gains (Losses) on Securities Available for Sale
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive loss at beginning of period	(2,916,402)	(2,094,759)
Other Comprehensive Income (Loss), before Reclassifications, before Tax	538,798	(821,643)
Net current period other comprehensive loss	538,798	(821,643)
Accumulated other comprehensive loss at end of period	(2,377,604)	(2,916,402)
Unrealized Gains (Losses) on Defined Benefit Plans
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive loss at beginning of period	65,043
Other Comprehensive Income (Loss), before Reclassifications, before Tax		65,043
Amounts reclassified from accumulated other comprehensive loss	(65,043)
Net current period other comprehensive loss	$ (65,043)	65,043
Accumulated other comprehensive loss at end of period		$ 65,043

Accumulated Other Comprehensi_4

Accumulated Other Comprehensive Loss - Amounts Reclassified Out of Accumulated Other Comprehensive Loss) (Details) - USD ($)	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Accumulated Other Comprehensive Income (Loss) [Line Items]
Amounts reclassified from accumulated other comprehensive loss		$ 0
Amount Reclassified from Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income (Loss) [Line Items]
Valuation gain on defined benefit plan	$ (82,333)
Tax effect	17,290
Net of tax	$ (65,043)

Condensed Financial Informati_3

Condensed Financial Information (Parent Company Only) (Condensed Balance Sheet) (Details) - USD ($)	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022
Assets
Cash and due from banks	$ 31,630,525	$ 5,515,728
Other assets	1,710,583	1,131,536
Total assets	311,254,121	165,969,303
Liabilities
Accrued interest payable and other liabilities	1,815,617	650,927
Shareholders' Equity
Stockholders' Equity	36,547,832	38,498,000	$ 23,367,106
Total liabilities and shareholders' equity	311,254,121	165,969,303
Parent Company
Assets
Cash and due from banks	5,446,073	7,374,159
Investment in Van Wert Federal Savings Bank	30,992,252	31,202,165
Other assets	170,256	61,500
Total assets	36,608,581	38,637,824
Liabilities
Accrued interest payable and other liabilities	60,749	139,824
Shareholders' Equity
Stockholders' Equity	36,547,832	38,498,000
Total liabilities and shareholders' equity	$ 36,608,581	$ 38,637,824

Condensed Financial Informati_4

Condensed Financial Information (Parent Company Only) (Condensed Statement of Operations) (Details) - USD ($)	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Selling, General and Administrative Expense [Abstract]
Salaries and employee benefits and director fees	$ 3,497,585	$ 2,137,516
Income tax benefits	(550,040)	(182,713)
Net Income (Loss)	(2,019,533)	(545,384)
Parent Company
Condensed Income Statements, Captions [Line Items]
Operating Income	0	0
Selling, General and Administrative Expense [Abstract]
Salaries and employee benefits and director fees	223,348	123,291
Professional services	257,113	142,840
Total	480,461	266,131
Loss before income tax benefit and equity in loss of subsidiary	(480,461)	(266,131)
Income tax benefits	(91,431)	(61,500)
Loss before equity in loss of subsidiary	(389,030)	(204,631)
Equity in loss of Van Wert Federal Savings Bank	(1,630,503)	(340,753)
Net Income (Loss)	$ (2,019,533)	$ (545,384)

Condensed Financial Informati_5

Condensed Financial Information (Parent Company Only) (Condensed Statement of Cash Flows) (Details) - USD ($)	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Operating Activities
Net loss	$ (2,019,533)	$ (545,384)
Items not requiring (providing) cash:
Stock compensation expense	246,776	165,046
Net change in other assets and liabilities	769,782	1,106,162
Net cash used in operating activities	(1,979,302)	317,254
Financing Activities
Proceeds from issuance of common stock		1,011,257
Purchase of treasury stock	(598,000)
Net cash (used in) provided by financing activities	144,029,676	17,225,689
Net change in cash and cash equivalents	26,114,797	(31,196,114)
Cash and Cash Equivalents, Beginning of Period	5,515,728	36,711,842
Cash and Cash Equivalents, End of Period	31,630,525	5,515,728
Parent Company
Operating Activities
Net loss	(2,019,533)	(545,384)
Items not requiring (providing) cash:
Equity in loss of subsidiary	1,630,503	340,753
Shares allocated to ESOP	173,626	106,391
Stock compensation expense	73,150
Net change in other assets and liabilities	(187,832)	78,325
Net cash used in operating activities	(330,086)	(19,915)
Investing Activities
Investment in subsidiary	(1,000,000)	(8,932,413)
Financing Activities
Proceeds from issuance of common stock		16,326,487
Purchase of treasury stock	(598,000)
Net cash (used in) provided by financing activities	(598,000)	16,326,487
Net change in cash and cash equivalents	(1,928,086)	7,374,159
Cash and Cash Equivalents, Beginning of Period	7,374,159
Cash and Cash Equivalents, End of Period	$ 5,446,073	$ 7,374,159

Subsequent Events (Details)

Subsequent Events (Details) $ in Millions	Jul. 01, 2024 USD ($)
Subsequent event
Subsequent Event [Line Items]
Repayment of FHLB advances	$ 24