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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2020
Dec. 31, 2019
Interest and dividend income        
Loans, including fees $ 6,583 $ 4,862 $ 13,072 $ 9,623
Securities, taxable 344 480 716 990
Securities, tax-exempt 427 400 847 799
Federal bank and other restricted stocks 21 20 39 40
Federal funds sold and other interest-bearing deposits 42 16 89 42
Total interest and dividend income 7,417 5,778 14,763 11,494
Interest expense        
Deposits 487 910 1,064 1,855
Short-term borrowings 2 13 6 24
Federal Home Loan Bank advances 70 59 141 138
Total interest expense 559 982 1,211 2,017
Net interest income 6,858 4,796 13,552 9,477
Provision for loan losses 130 185 260 315
Net interest income after provision for loan losses 6,728 4,611 13,292 9,162
Noninterest income        
Gain on sale of mortgage loans 246 142 482 276
Bank owned life insurance death benefit 324
Bank owned life insurance income 65 66 131 134
Securities gains, net 8 4 8 110
Other 75 69 151 142
Total noninterest income 1,153 1,025 2,294 2,494
Noninterest expenses        
Salaries and employee benefits 2,760 2,207 5,451 4,380
Occupancy and equipment 636 595 1,276 1,127
Data processing expenses 176 141 362 526
Debit card processing expenses 216 194 454 395
Professional and director fees 249 133 486 390
FDIC assessments 87 5 148 (2)
Franchise taxes 108 95 217 190
Marketing and advertising 116 93 250 274
Telephone and network communications 79 70 163 144
Amortization of intangible 7 14
Other 397 402 809 816
Total noninterest expenses 4,831 3,935 9,630 8,240
Income before income taxes 3,050 1,701 5,956 3,416
Income tax expense 543 261 1,048 473
Net income $ 2,507 $ 1,440 $ 4,908 $ 2,943
Basic and diluted earnings per share (in dollars per share) $ 0.83 $ 0.53 $ 1.63 $ 1.07
Deposit Account [Member]        
Noninterest income        
Noninterest income (in scope of Topic 606) $ 314 $ 360 $ 621 $ 733
Debit Card [Member]        
Noninterest income        
Noninterest income (in scope of Topic 606) $ 445 $ 384 $ 901 $ 775