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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Mar. 31, 2022
Mar. 31, 2021
Interest and dividend income        
Loans, including fees $ 6,775 $ 5,840 $ 21,340 $ 18,912
Securities, taxable 903 368 2,420 1,084
Securities, tax-exempt 516 428 1,502 1,275
Equity securities 8 8 25 8
Federal bank and other restricted stocks 19 19 59 58
Federal funds sold and other interest-bearing deposits 31 41 124 130
Total interest and dividend income 8,252 6,704 25,470 21,467
Interest expense        
Deposits 274 299 844 1,363
Short-term borrowings 1 2 4 8
Federal Home Loan Bank advances 62 67 189 208
Total interest expense 337 368 1,037 1,579
Net interest income 7,915 6,336 24,433 19,888
Provision for loan losses 85 185 545 445
Net interest income after provision for loan losses 7,830 6,151 23,888 19,443
Noninterest income        
Mortgage banking activity 122 149 551 631
Bank owned life insurance income 63 64 193 195
Securities gains, net 0 6 2 14
Loss on disposition or write-down of other real estate owned (5) 0 (5) 0
Other 86 78 264 229
Total noninterest income 1,120 1,054 3,614 3,348
Noninterest expenses        
Salaries and employee benefits 3,400 2,527 9,916 7,978
Occupancy and equipment 792 662 2,228 1,938
Data processing expenses 198 182 604 544
Debit card processing expenses 246 242 773 696
Professional and director fees 162 188 664 674
FDIC assessments 159 76 429 224
Franchise taxes 137 132 403 349
Marketing and advertising 142 114 520 364
Telephone and network communications 90 84 292 247
Amortization of intangible 14 6 40 20
Other 497 452 1,449 1,261
Total noninterest expenses 5,837 4,665 17,318 14,295
Income before income taxes 3,113 2,540 10,184 8,496
Income tax expense 528 424 1,772 1,472
Net income $ 2,585 $ 2,116 $ 8,412 $ 7,024
Basic and diluted earnings per share (in dollars per share) $ 0.85 $ 0.70 $ 2.77 $ 2.33
Deposit Account [Member]        
Noninterest income        
Noninterest income (in scope of Topic 606) $ 362 $ 290 $ 1,086 $ 911
Debit Card [Member]        
Noninterest income        
Noninterest income (in scope of Topic 606) $ 492 $ 467 $ 1,523 $ 1,368