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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2022
Dec. 31, 2021
Interest and dividend income        
Loans, including fees $ 7,955 $ 7,497 $ 15,085 $ 14,565
Securities, taxable 1,301 806 2,549 1,517
Securities, tax-exempt 598 508 1,183 986
Equity securities 9 9 17 17
Federal bank and other restricted stocks 47 20 70 40
Federal funds sold and other interest-bearing deposits 116 43 196 93
Total interest and dividend income 10,026 8,883 19,100 17,218
Interest expense        
Deposits 1,127 274 1,724 570
Short-term borrowings 95 1 154 3
Federal Home Loan Bank advances 28 63 50 127
Total interest expense 1,250 338 1,928 700
Net interest income 8,776 8,545 17,172 16,518
Provision for loan losses 225 270 635 460
Net interest income after provision for loan losses 8,551 8,275 16,537 16,058
Noninterest income        
Mortgage banking activity 72 171 154 429
Bank owned life insurance income 65 65 130 130
Securities gains (losses), net (4) 2 (15) 2
Net change in market value of equity securities (9) 0 (33) 0
Other 105 95 186 178
Total noninterest income 1,155 1,221 2,286 2,494
Noninterest expenses        
Salaries and employee benefits 3,591 3,269 7,030 6,516
Occupancy and equipment 793 728 1,581 1,436
Data processing expenses 192 192 384 406
Debit card processing expenses 275 259 549 527
Professional and director fees 352 158 587 502
FDIC assessments 87 186 239 270
Franchise taxes 141 133 282 266
Marketing and advertising 203 164 407 378
Telephone and network communications 95 88 182 202
Amortization of intangible 14 15 28 26
Other 577 457 1,129 952
Total noninterest expenses 6,320 5,649 12,398 11,481
Income before income taxes 3,386 3,847 6,425 7,071
Income tax expense 577 685 1,081 1,244
Net income $ 2,809 $ 3,162 $ 5,344 $ 5,827
Basic and diluted earnings per share (in dollars per share) $ 0.91 $ 1.04 $ 1.74 $ 1.92
Deposit Account [Member]        
Noninterest income        
Noninterest income (in scope of Topic 606) $ 392 $ 366 $ 789 $ 724
Debit Card [Member]        
Noninterest income        
Noninterest income (in scope of Topic 606) $ 534 $ 522 $ 1,075 $ 1,031