XML 13 R4.htm IDEA: XBRL DOCUMENT v3.24.0.1
Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2023
Dec. 31, 2022
Interest and dividend income        
Loans, including fees $ 10,165 $ 7,955 $ 19,862 $ 15,085
Securities, taxable 1,490 1,301 2,939 2,549
Securities, tax-exempt 454 598 923 1,183
Equity securities 9 9 17 17
Federal bank and other restricted stocks 42 47 83 70
Federal funds sold and other interest-bearing deposits 28 116 99 196
Total interest and dividend income 12,188 10,026 23,923 19,100
Interest expense        
Deposits 3,945 1,127 7,362 1,724
Short-term borrowings 136 95 262 154
Federal Home Loan Bank advances 143 28 181 50
Total interest expense 4,224 1,250 7,805 1,928
Net interest income 7,964 8,776 16,118 17,172
Provision for credit losses on loans 325 225 365 635
Provision for credit losses on unfunded commitments 0 0 79 0
Net interest income after provision for credit losses 7,639 8,551 15,674 16,537
Noninterest income        
Mortgage banking activity 70 72 168 154
Bank owned life insurance income 70 65 138 130
Securities losses, net 0 (4) (79) (15)
Net change in market value of equity securities 0 (9) 0 (33)
Other 92 105 184 186
Total noninterest income 1,242 1,155 2,399 2,286
Noninterest expenses        
Salaries and employee benefits 3,684 3,591 7,182 7,030
Occupancy and equipment 862 793 1,646 1,581
Data processing expenses 199 192 395 384
Debit card processing expenses 308 275 620 549
Professional and director fees 229 352 465 587
FDIC assessments 188 87 377 239
Franchise taxes 97 141 193 282
Marketing and advertising 156 203 384 407
Telephone and network communications 89 95 177 182
Amortization of intangible 14 14 28 28
Other 605 577 1,229 1,129
Total noninterest expenses 6,431 6,320 12,696 12,398
Income before income taxes 2,450 3,386 5,377 6,425
Income tax expense 435 577 952 1,081
Net income $ 2,015 $ 2,809 $ 4,425 $ 5,344
Basic and diluted earnings per share (in dollars per share) $ 0.65 $ 0.91 $ 1.43 $ 1.74
Deposit Account [Member]        
Noninterest income        
Noninterest income (in scope of Topic 606) $ 433 $ 392 $ 859 $ 789
Debit Card [Member]        
Noninterest income        
Noninterest income (in scope of Topic 606) $ 577 $ 534 $ 1,129 $ 1,075