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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Mar. 31, 2023
Mar. 31, 2022
Interest and dividend income        
Loans, including fees $ 8,477 $ 6,775 $ 23,562 $ 21,340
Securities, taxable 1,343 903 3,892 2,420
Securities, tax-exempt 564 516 1,747 1,502
Equity securities 8 8 25 25
Federal bank and other restricted stocks 34 19 104 59
Federal funds sold and other interest-bearing deposits 95 31 291 124
Total interest and dividend income 10,521 8,252 29,621 25,470
Interest expense        
Deposits 2,084 274 3,808 844
Short-term borrowings 120 1 274 4
Federal Home Loan Bank advances 88 62 138 189
Total interest expense 2,292 337 4,220 1,037
Net interest income 8,229 7,915 25,401 24,433
Provision for loan losses 160 85 795 545
Net interest income after provision for loan losses 8,069 7,830 24,606 23,888
Noninterest income        
Mortgage banking activity 96 122 250 551
Bank owned life insurance income 66 63 196 193
Securities gains (losses), net (2) 0 (17) 2
Net change in market value of equity securities 19 0 (14) 0
Other 79 81 265 259
Total noninterest income 1,176 1,120 3,462 3,614
Noninterest expenses        
Salaries and employee benefits 3,512 3,400 10,542 9,916
Occupancy and equipment 783 792 2,364 2,228
Data processing expenses 195 198 579 604
Debit card processing expenses 275 246 824 773
Professional and director fees 210 162 797 664
FDIC assessments 159 159 398 429
Franchise taxes 97 137 379 403
Marketing and advertising 151 142 558 520
Telephone and network communications 88 90 270 292
Amortization of intangible 14 14 42 40
Other 560 497 1,689 1,449
Total noninterest expenses 6,044 5,837 18,442 17,318
Income before income taxes 3,201 3,113 9,626 10,184
Income tax expense 565 528 1,646 1,772
Net income $ 2,636 $ 2,585 $ 7,980 $ 8,412
Basic and diluted earnings per share (in dollars per share) $ 0.86 $ 0.85 $ 2.60 $ 2.77
Deposit Account [Member]        
Noninterest income        
Noninterest income (in scope of Topic 606) $ 386 $ 362 $ 1,175 $ 1,086
Debit Card [Member]        
Noninterest income        
Noninterest income (in scope of Topic 606) $ 532 $ 492 $ 1,607 $ 1,523