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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Mar. 31, 2016
Mar. 31, 2015
Interest income:        
Loans $ 5,565 $ 4,996 $ 16,337 $ 14,779
Investment securities - taxable 151 135 424 412
Mortgage-backed securities 743 731 2,296 2,177
Investment securities - tax exempt 770 602 2,167 1,734
Interest-bearing deposits and federal funds sold 34 3 38 13
Total interest income 7,263 6,467 21,262 19,115
Interest expense:        
Interest on deposits 574 503 1,645 1,504
Interest on borrowings 78 76 247 200
Total interest expense 652 579 1,892 1,704
Net interest income 6,611 5,888 19,370 17,411
Provision for loan losses 421 416 1,138 1,132
Net interest income after provision for loan losses 6,190 5,472 18,232 16,279
Noninterest income:        
Service charges on deposit accounts 670 623 2,153 2,069
Debit card fees 438 404 1,343 1,248
Investment services 89 95 260 284
E-commerce fees 29 23 70 76
Other operating income 136 106 560 483
Total noninterest income 1,362 1,251 4,386 4,160
Noninterest expense:        
Salaries and employee benefits 2,736 2,439 7,674 7,196
Occupancy expense 383 458 1,079 1,126
Equipment and furniture expense 138 150 376 403
Service and data processing fees 499 430 1,417 1,272
Computer software, supplies and support 106 90 335 429
Advertising and promotion 71 88 266 220
FDIC insurance premiums 103 101 307 293
Legal and professional fees 269 208 806 800
Other 443 490 1,735 1,488
Total noninterest expense 4,748 4,454 13,995 13,227
Income before provision for income taxes 2,804 2,269 8,623 7,212
Provision for income taxes 643 485 1,992 1,842
Net income $ 2,161 $ 1,784 $ 6,631 $ 5,370
Basic earnings per share (in dollars per share) [1] $ 0.26 $ 0.21 $ 0.78 $ 0.64
Basic average shares outstanding (in shares) [1] 8,464,392 8,441,880 8,454,147 8,434,894
Diluted earnings per share (in dollars per share) [1] $ 0.25 $ 0.21 $ 0.78 $ 0.63
Diluted average shares outstanding (in shares) [1] 8,484,209 8,501,046 8,469,732 8,496,114
Dividends per share (in dollars per share) [1] $ 0.0925 $ 0.0900 $ 0.2775 $ 0.2700
[1] Share and per share data for 2015 have been adjusted for 2-for-1 stock split