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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Mar. 31, 2025
Mar. 31, 2024
Interest and dividend income        
Loans, including fees $ 10,550 $ 10,288 $ 32,407 $ 30,150
Securities, taxable 1,740 1,508 4,939 4,447
Securities, tax-exempt 442 447 1,322 1,370
Equity securities 8 8 25 25
Federal bank and other restricted stocks 40 45 123 128
Federal funds sold and other interest-bearing deposits 128 110 461 209
Total interest and dividend income 12,908 12,406 39,277 36,329
Interest expense        
Deposits 4,305 4,282 13,940 11,644
Short-term borrowings 65 205 383 467
Federal Home Loan Bank advances 19 93 73 274
Total interest expense 4,389 4,580 14,396 12,385
Net interest income 8,519 7,826 24,881 23,944
Provision for credit losses on loans 495 15 657 380
Provision for credit losses on unfunded commitments 15 23 10 102
Net interest income after provision for credit losses 8,009 7,788 24,214 23,462
Noninterest income        
Mortgage banking activity 72 79 262 247
Bank owned life insurance income 97 70 289 208
Securities losses, net 0 (1) 0 (80)
Other 107 96 316 280
Total noninterest income 1,278 1,219 4,033 3,618
Noninterest expenses        
Salaries and employee benefits 3,976 3,604 11,559 10,786
Occupancy and equipment 968 921 2,747 2,567
Data processing expenses 220 204 641 599
Debit card processing expenses 359 298 1,032 918
Professional and director fees 277 267 858 732
FDIC assessments 182 210 596 587
Franchise taxes 132 121 372 314
Marketing and advertising 234 154 609 538
Telephone and network communications 77 90 245 267
Amortization of intangible 14 14 42 42
Other 723 637 1,930 1,866
Total noninterest expenses 7,162 6,520 20,631 19,216
Income before income taxes 2,125 2,487 7,616 7,864
Income tax expense 274 435 1,242 1,387
Net income $ 1,851 $ 2,052 $ 6,374 $ 6,477
Basic and diluted earnings per share (in dollars per share) $ 0.59 $ 0.66 $ 2.04 $ 2.09
Deposit Account [Member]        
Noninterest income        
Noninterest income (in scope of Topic 606) $ 416 $ 402 $ 1,310 $ 1,261
Debit Card [Member]        
Noninterest income        
Noninterest income (in scope of Topic 606) $ 586 $ 573 $ 1,856 $ 1,702