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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2016
Dec. 31, 2015
Interest income        
Loans, including fees $ 3,022 $ 2,789 $ 6,206 $ 5,584
Securities, taxable 377 488 779 945
Securities, tax-exempt 357 351 708 695
Federal funds sold and other interest bearing deposits 30 30 60 54
Total interest income 3,786 3,658 7,753 7,278
Interest expense        
Deposits 183 171 353 347
Short-term borrowings 11 10 23 18
Federal Home Loan Bank advances 56 40 114 83
Total interest expense 250 221 490 448
Net interest income 3,536 3,437 7,263 6,830
Provision for loan losses 140 192 276 284
Net interest income after provision for loan losses 3,396 3,245 6,987 6,546
Non-interest income        
Service charges on deposit accounts 314 320 644 634
Debit card interchange income 285 240 536 474
Bank owned life insurance income 63 49 112 95
Securities gains, net 22 125 35
Loss on disposition of other real estate owned (3) (3)
Other 116 113 231 219
Total non-interest income 797 722 1,645 1,457
Non-interest expenses        
Salaries and employee benefits 1,790 1,746 3,528 3,478
Occupancy and equipment 478 352 930 694
Data processing expenses 145 143 290 287
Debit card processing expenses 149 115 282 231
Professional and director fees 146 177 278 274
FDIC assessments 46 70 101 128
Franchise taxes 84 83 168 165
Marketing and advertising 65 79 144 172
Telephone and network communications 76 75 157 150
Other 347 366 734 764
Total non-interest expenses 3,326 3,206 6,612 6,343
Income before income taxes 867 761 2,020 1,660
Income tax expense 145 122 397 294
Net income $ 722 $ 639 $ 1,623 $ 1,366
Basic and diluted earnings per share (in dollars per share) $ 0.27 $ 0.23 $ 0.60 $ 0.50