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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2024
Dec. 31, 2023
Interest and dividend income        
Loans, including fees $ 10,918 $ 10,165 $ 21,857 $ 19,862
Securities, taxable 1,628 1,490 3,199 2,939
Securities, tax-exempt 439 454 880 923
Equity securities 9 9 17 17
Federal bank and other restricted stocks 43 42 83 83
Federal funds sold and other interest-bearing deposits 178 28 333 99
Total interest and dividend income 13,215 12,188 26,369 23,923
Interest expense        
Deposits 4,757 3,945 9,635 7,362
Short-term borrowings 118 136 318 262
Federal Home Loan Bank advances 21 143 54 181
Total interest expense 4,896 4,224 10,007 7,805
Net interest income 8,319 7,964 16,362 16,118
Provision for credit losses on loans 85 325 162 365
Provision for credit losses on unfunded commitments 40 0 (5) 79
Net interest income after provision for credit losses 8,194 7,639 16,205 15,674
Noninterest income        
Mortgage banking activity 57 70 190 168
Bank owned life insurance income 100 70 192 138
Securities losses, net 0 0 0 (79)
Other 108 92 209 184
Total noninterest income 1,362 1,242 2,755 2,399
Noninterest expenses        
Salaries and employee benefits 3,819 3,684 7,583 7,182
Occupancy and equipment 895 862 1,779 1,646
Data processing expenses 210 199 421 395
Debit card processing expenses 311 308 673 620
Professional and director fees 275 229 581 465
FDIC assessments 207 188 414 377
Franchise taxes 120 97 240 193
Marketing and advertising 198 156 375 384
Telephone and network communications 79 89 168 177
Amortization of intangible 14 14 28 28
Other 653 605 1,207 1,229
Total noninterest expenses 6,781 6,431 13,469 12,696
Income before income taxes 2,775 2,450 5,491 5,377
Income tax expense 488 435 968 952
Net income $ 2,287 $ 2,015 $ 4,523 $ 4,425
Basic and diluted earnings per share (in dollars per share) $ 0.73 $ 0.65 $ 1.45 $ 1.43
Deposit Account [Member]        
Noninterest income        
Noninterest income (in scope of Topic 606) $ 444 $ 433 $ 894 $ 859
Debit Card [Member]        
Noninterest income        
Noninterest income (in scope of Topic 606) $ 653 $ 577 $ 1,270 $ 1,129