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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Mar. 31, 2020
Mar. 31, 2019
Interest income:        
Loans $ 9,955 $ 8,900 $ 29,161 $ 25,894
Investment securities - taxable 178 197 509 608
Mortgage-backed securities 1,327 978 3,832 3,151
Investment securities - tax exempt 1,771 1,418 5,129 4,184
Interest-bearing deposits and federal funds sold 206 215 611 274
Total interest income 13,437 11,708 39,242 34,111
Interest expense:        
Interest on deposits 2,239 1,584 6,494 3,891
Interest on borrowings 57 98 196 542
Total interest expense 2,296 1,682 6,690 4,433
Net interest income 11,141 10,026 32,552 29,678
Provision for loan losses 1,425 350 2,666 1,058
Net interest income after provision for loan losses 9,716 9,676 29,886 28,620
Noninterest income:        
Service charges on deposit accounts 1,034 960 3,270 3,103
Debit card fees 698 604 2,196 1,929
Investment services 120 145 433 396
E-commerce fees 24 31 90 102
Other operating income 250 270 719 673
Total noninterest income 2,126 2,010 6,708 6,203
Noninterest expense:        
Salaries and employee benefits 4,412 4,005 12,346 11,160
Occupancy expense 496 471 1,403 1,287
Equipment and furniture expense 191 112 598 453
Service and data processing fees 626 546 1,838 1,583
Computer software, supplies and support 285 260 791 683
Advertising and promotion 115 110 373 306
FDIC insurance premiums 159 117 132 344
Legal and professional fees 274 280 878 892
Other 670 585 1,826 1,986
Total noninterest expense 7,228 6,486 20,185 18,694
Income before provision for income taxes 4,614 5,200 16,409 16,129
Provision for income taxes 563 844 2,382 2,809
Net income $ 4,051 $ 4,356 $ 14,027 $ 13,320
Basic and diluted earnings per share (in dollars per share) $ 0.47 $ 0.51 $ 1.64 $ 1.56
Basic and diluted average shares outstanding (in shares) 8,531,304 8,537,814 8,535,391 8,537,814
Dividends per share (in dollars per share) $ 0.11 $ 0.10 $ 0.33 $ 0.30