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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Mar. 31, 2019
Mar. 31, 2018
Interest income:        
Loans $ 8,900 $ 7,454 $ 25,894 $ 21,800
Investment securities - taxable 197 185 608 513
Mortgage-backed securities 978 929 3,151 2,537
Investment securities - tax exempt 1,418 1,147 4,184 3,275
Interest-bearing deposits and federal funds sold 215 161 274 260
Total interest income 11,708 9,876 34,111 28,385
Interest expense:        
Interest on deposits 1,584 939 3,891 2,615
Interest on borrowings 98 77 542 280
Total interest expense 1,682 1,016 4,433 2,895
Net interest income 10,026 8,860 29,678 25,490
Provision for loan losses 350 345 1,058 1,044
Net interest income after provision for loan losses 9,676 8,515 28,620 24,446
Noninterest income:        
Service charges on deposit accounts 960 932 3,103 2,717
Debit card fees 604 566 1,929 1,723
Investment services 145 138 396 332
E-commerce fees 31 31 102 104
Other operating income 270 192 673 610
Total noninterest income 2,010 1,859 6,203 5,486
Noninterest expense:        
Salaries and employee benefits 4,005 3,455 11,160 9,412
Occupancy expense 471 448 1,287 1,159
Equipment and furniture expense 112 159 453 430
Service and data processing fees 546 539 1,583 1,566
Computer software, supplies and support 260 175 683 480
Advertising and promotion 110 74 306 241
FDIC insurance premiums 117 115 344 301
Legal and professional fees 280 223 892 683
Other 585 594 1,986 1,715
Total noninterest expense 6,486 5,782 18,694 15,987
Income before provision for income taxes 5,200 4,592 16,129 13,945
Provision for income taxes 844 915 2,809 3,156
Net income $ 4,356 $ 3,677 $ 13,320 $ 10,789
Basic earnings per share (in dollars per share) $ 0.51 $ 0.43 $ 1.56 $ 1.27
Basic average shares outstanding (in shares) 8,537,814 8,517,614 8,537,814 8,508,103
Diluted earnings per share (in dollars per share) $ 0.51 $ 0.43 $ 1.56 $ 1.26
Diluted average shares outstanding (in shares) 8,537,814 8,536,407 8,537,814 8,533,850
Dividends per share (in dollars per share) $ 0.1000 $ 0.0975 $ 0.3000 $ 0.2925