v3.25.0.1

Condensed Consolidated Balance Sheets - USD ($)	Dec. 31, 2024	Jun. 30, 2024
Assets
Cash and due from banks	$ 15,683,580	$ 31,630,525
Available-for-sale debt securities	151,324,289	139,344,952
Loans, net of allowance for credit losses of $990,926 at December 31, 2024 and $772,969 June 30, 2024, respectively	148,515,448	126,391,092
Premises and equipment	3,044,902	2,261,260
Stock in correspondent banks	947,100	2,195,900
Bank owned life insurance	5,420,459	5,351,048
Accrued interest receivable	1,044,442	961,856
Right-of-use asset - operating lease	1,346,020	1,406,905
Other assets	1,863,359	1,710,583
Total assets	329,189,599	311,254,121
Deposits
Demand	43,874,287	26,493,048
Savings and money market	52,929,108	47,466,674
Time	192,864,993	135,350,608
Total deposits	289,668,388	209,310,330
Borrowings		62,000,000
Advances from borrowers	801,899	137,722
Operating lease liability	1,407,248	1,442,620
Accrued interest payable and other liabilities	1,577,505	1,815,617
Total liabilities	293,455,040	274,706,289
Commitments and Contingencies
Shareholders' Equity
Preferred stock, $0.01 par value, 1,000,000 shares authorized, none issued
Common stock, $0.01 par value, 14,000,000 shares authorized, 1,911,413 and 1,914,965 outstanding at December 31, 2024 and June 30, 2024, respectively	19,229	19,229
Additional paid-in capital	18,114,342	18,006,472
Treasury stock, 40,352 and 36,800 shares at December 31, 2024 and June 30, 2024, respectively	(658,384)	(598,000)
Unearned ESOP	(1,307,588)	(1,346,047)
Retained earnings	19,944,445	22,843,782
Accumulated other comprehensive loss	(377,485)	(2,377,604)
Total shareholders' equity	35,734,559	36,547,832
Total liabilities and shareholders' equity	$ 329,189,599	$ 311,254,121

Carrying value as of the balance sheet date of obligations incurred and payable, pertaining to costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered. Examples include taxes, interest, rent and utilities.

VWF Bancorp, Inc. 10-Q