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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Mar. 31, 2017
Mar. 31, 2016
Interest income        
Loans, including fees $ 2,989 $ 2,805 $ 9,195 $ 8,389
Securities, taxable 429 485 1,208 1,430
Securities, tax-exempt 365 352 1,073 1,047
Federal funds sold and other interest bearing deposits 29 30 89 84
Total interest income 3,812 3,672 11,565 10,950
Interest expense        
Deposits 202 166 555 513
Short-term borrowings 20 9 43 27
Federal Home Loan Bank advances 60 48 174 131
Total interest expense 282 223 772 671
Net interest income 3,530 3,449 10,793 10,279
Provision for loan losses 255 130 531 414
Net interest income after provision for loan losses 3,275 3,319 10,262 9,865
Non-interest income        
Service charges on deposit accounts 296 298 940 932
Debit card interchange income 299 233 835 707
Bank owned life insurance income 66 49 178 144
Securities gains, net 17 87 142 122
Loss on disposition of other real estate owned (3)
Other 90 69 321 288
Total non-interest income 768 736 2,413 2,193
Non-interest expenses        
Salaries and employee benefits 1,801 1,752 5,329 5,230
Occupancy and equipment 474 454 1,404 1,148
Data processing expenses 146 146 436 433
Debit card processing expenses 172 113 454 344
Professional and director fees 156 87 434 361
FDIC assessments 29 67 130 195
Franchise taxes 85 84 253 249
Marketing and advertising 71 60 215 232
Telephone and network communications 76 85 233 235
Other 405 343 1,139 1,107
Total non-interest expenses 3,415 3,191 10,027 9,534
Income before income taxes 628 864 2,648 2,524
Income tax expense 62 156 459 450
Net income $ 566 $ 708 $ 2,189 $ 2,074
Basic and diluted earnings per share (in dollars per share) $ 0.21 $ 0.26 $ 0.80 $ 0.76