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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Mar. 31, 2017
Mar. 31, 2016
Interest income:        
Loans $ 6,598 $ 5,565 $ 19,033 $ 16,337
Investment securities - taxable 156 151 452 424
Mortgage-backed securities 751 743 2,634 2,296
Investment securities - tax exempt 898 770 2,574 2,167
Interest-bearing deposits and federal funds sold 8 34 16 38
Total interest income 8,411 7,263 24,709 21,262
Interest expense:        
Interest on deposits 657 574 1,911 1,645
Interest on borrowings 127 78 353 247
Total interest expense 784 652 2,264 1,892
Net interest income 7,627 6,611 22,445 19,370
Provision for loan losses 343 421 1,472 1,138
Net interest income after provision for loan losses 7,284 6,190 20,973 18,232
Noninterest income:        
Service charges on deposit accounts 746 670 2,339 2,153
Debit card fees 490 438 1,491 1,343
Investment services 100 89 237 260
E-commerce fees 31 29 94 70
Other operating income 215 192 582 607
Total noninterest income 1,582 1,418 4,743 4,433
Noninterest expense:        
Salaries and employee benefits 2,992 2,736 8,447 7,674
Occupancy expense 442 383 1,161 1,079
Equipment and furniture expense 104 138 356 376
Service and data processing fees 508 499 1,455 1,417
Computer software, supplies and support 162 106 456 335
Advertising and promotion 79 71 287 266
FDIC insurance premiums 86 103 293 307
Legal and professional fees 207 269 625 806
Other 443 499 1,485 1,782
Total noninterest expense 5,023 4,804 14,565 14,042
Income before provision for income taxes 3,843 2,804 11,151 8,623
Provision for income taxes 946 643 2,821 1,992
Net income $ 2,897 $ 2,161 $ 8,330 $ 6,631
Basic earnings per share (in dollars per share) $ 0.34 $ 0.26 $ 0.98 $ 0.78
Basic average shares outstanding (in shares) 8,502,614 8,464,392 8,492,501 8,454,147
Diluted earnings per share (in dollars per share) $ 0.34 $ 0.25 $ 0.98 $ 0.78
Diluted average shares outstanding (in shares) 8,519,376 8,484,209 8,509,752 8,469,732
Dividends per share (in dollars per share) $ 0.0950 $ 0.0925 $ 0.2850 $ 0.2775