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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Mar. 31, 2021
Mar. 31, 2020
Interest and dividend income        
Loans, including fees $ 5,840 $ 5,654 $ 18,912 $ 15,277
Securities, taxable 368 488 1,084 1,478
Securities, tax-exempt 428 387 1,275 1,186
Equity securities 8 8
Federal bank and other restricted stocks 19 16 58 56
Federal funds sold and other interest-bearing deposits 41 61 130 103
Total interest and dividend income 6,704 6,606 21,467 18,100
Interest expense        
Deposits 299 918 1,363 2,773
Short-term borrowings 2 14 8 38
Federal Home Loan Bank advances 67 80 208 218
Total interest expense 368 1,012 1,579 3,029
Net interest income 6,336 5,594 19,888 15,071
Provision for loan losses 185 445 445 760
Net interest income after provision for loan losses 6,151 5,149 19,443 14,311
Noninterest income        
Gain on sale of mortgage loans 149 121 631 397
Bank owned life insurance death benefit 324
Bank owned life insurance income 64 65 195 199
Securities gains, net 6 121 14 231
Other 78 78 229 220
Total noninterest income 1,054 1,107 3,348 3,601
Noninterest expenses        
Salaries and employee benefits 2,527 2,760 7,978 7,140
Occupancy and equipment 662 655 1,938 1,782
Data processing expenses 182 206 544 732
Debit card processing expenses 242 204 696 599
Professional and director fees 188 414 674 804
FDIC assessments 76 54 224 52
Franchise taxes 132 106 349 296
Marketing and advertising 114 125 364 399
Telephone and network communications 84 79 247 223
Amortization of intangible 6 7 20 7
Other 452 464 1,261 1,280
Total noninterest expenses 4,665 5,074 14,295 13,314
Income before income taxes 2,540 1,182 8,496 4,598
Income tax expense 424 164 1,472 637
Net income $ 2,116 $ 1,018 $ 7,024 $ 3,961
Basic and diluted earnings per share (in dollars per share) $ 0.70 $ 0.34 $ 2.33 $ 1.40
Deposit Account [Member]        
Noninterest income        
Noninterest income (in scope of Topic 606) $ 290 $ 355 $ 911 $ 1,088
Debit Card [Member]        
Noninterest income        
Noninterest income (in scope of Topic 606) $ 467 $ 367 $ 1,368 $ 1,142