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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2017
Dec. 31, 2016
Interest income        
Loans, including fees $ 3,437 $ 3,022 $ 6,665 $ 6,206
Securities, taxable 459 377 970 779
Securities, tax-exempt 367 357 734 708
Federal funds sold and other interest bearing deposits 28 30 65 60
Total interest income 4,291 3,786 8,434 7,753
Interest expense        
Deposits 253 183 501 353
Short-term borrowings 57 11 112 23
Federal Home Loan Bank advances 54 56 108 114
Total interest expense 364 250 721 490
Net interest income 3,927 3,536 7,713 7,263
Provision for loan losses 60 140 150 276
Net interest income after provision for loan losses 3,867 3,396 7,563 6,987
Non-interest income        
Service charges on deposit accounts 301 314 609 644
Debit card interchange income 325 285 648 536
Bank owned life insurance income 68 63 136 112
Securities gains, net 22 38 125
Loss on disposition of other real estate owned (3) (3)
Other 145 116 280 231
Total non-interest income 839 797 1,711 1,645
Non-interest expenses        
Salaries and employee benefits 1,966 1,790 3,776 3,528
Occupancy and equipment 465 478 920 930
Data processing expenses 147 145 295 290
Debit card processing expenses 188 149 368 282
Professional and director fees 122 146 239 278
FDIC assessments 46 46 92 101
Franchise taxes 84 84 168 168
Marketing and advertising 61 65 139 144
Telephone and network communications 75 76 157 157
Other 406 347 799 734
Total non-interest expenses 3,560 3,326 6,953 6,612
Income before income taxes 1,146 867 2,321 2,020
Income tax expense 489 145 735 397
Net income $ 657 $ 722 $ 1,586 $ 1,623
Basic and diluted earnings per share (in dollars per share) $ 0.24 $ 0.27 $ 0.58 $ 0.60