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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Interest income:    
Loans $ 9,405 $ 8,298
Investment securities - taxable 159 194
Mortgage-backed securities 1,244 1,114
Investment securities - tax exempt 1,602 1,360
Interest-bearing deposits and federal funds sold 198 31
Total interest income 12,608 10,997
Interest expense:    
Interest on deposits 2,050 1,036
Interest on borrowings 58 304
Total interest expense 2,108 1,340
Net interest income 10,500 9,657
Provision for loan losses 551 354
Net interest income after provision for loan losses 9,949 9,303
Noninterest income:    
Service charges on deposit accounts 1,125 1,037
Debit card fees 743 640
Investment services 145 115
E-commerce fees 35 37
Other operating income 218 223
Total noninterest income 2,266 2,052
Noninterest expense:    
Salaries and employee benefits 3,942 3,478
Occupancy expense 466 402
Equipment and furniture expense 281 214
Service and data processing fees 574 495
Computer software, supplies and support 242 223
Advertising and promotion 116 120
FDIC insurance premiums (39) 127
Legal and professional fees 279 329
Other 561 573
Total noninterest expense 6,422 5,961
Income before provision for income taxes 5,793 5,394
Provision for income taxes 930 1,014
Net income $ 4,863 $ 4,380
Basic and diluted earnings per share (in dollars per share) $ 0.57 $ 0.51
Basic and diluted average shares outstanding (in shares) 8,537,814 8,537,814
Dividends per share (in dollars per share) $ 0.11 $ 0.10