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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2019
Dec. 31, 2018
Interest income:        
Loans $ 9,801 $ 8,696 $ 19,206 $ 16,994
Investment securities - taxable 172 217 331 411
Mortgage-backed securities 1,261 1,059 2,505 2,173
Investment securities - tax exempt 1,756 1,406 3,358 2,766
Interest-bearing deposits and federal funds sold 207 28 405 59
Total interest income 13,197 11,406 25,805 22,403
Interest expense:        
Interest on deposits 2,205 1,271 4,255 2,307
Interest on borrowings 81 140 139 444
Total interest expense 2,286 1,411 4,394 2,751
Net interest income 10,911 9,995 21,411 19,652
Provision for loan losses 690 354 1,241 708
Net interest income after provision for loan losses 10,221 9,641 20,170 18,944
Noninterest income:        
Service charges on deposit accounts 1,111 1,106 2,236 2,143
Debit card fees 755 685 1,498 1,325
Investment services 168 136 313 251
E-commerce fees 31 34 66 71
Other operating income 251 180 469 403
Total noninterest income 2,316 2,141 4,582 4,193
Noninterest expense:        
Salaries and employee benefits 3,992 3,677 7,934 7,155
Occupancy expense 441 414 907 816
Equipment and furniture expense 126 127 407 341
Service and data processing fees 638 542 1,212 1,037
Computer software, supplies and support 264 200 506 423
Advertising and promotion 142 76 258 196
FDIC insurance premiums 12 100 (27) 227
Legal and professional fees 325 283 604 612
Other 595 828 1,156 1,401
Total noninterest expense 6,535 6,247 12,957 12,208
Income before provision for income taxes 6,002 5,535 11,795 10,929
Provision for income taxes 889 951 1,819 1,965
Net income $ 5,113 $ 4,584 $ 9,976 $ 8,964
Basic and diluted earnings per share (in dollars per share) $ 0.60 $ 0.54 $ 1.17 $ 1.05
Basic and diluted average shares outstanding (in shares) 8,537,010 8,537,814 8,537,412 8,537,814
Dividends per share (in dollars per share) $ 0.11 $ 0.10 $ 0.22 $ 0.20