XML 20 R4.htm IDEA: XBRL DOCUMENT v3.20.2
Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Interest income:    
Loans $ 39,159 $ 35,050
Investment securities - taxable 654 798
Mortgage-backed securities 5,804 4,285
Investment securities - tax exempt 7,075 5,723
Interest-bearing deposits and federal funds sold 622 452
Total interest income 53,314 46,308
Interest expense:    
Interest on deposits 8,241 5,696
Interest on borrowings 240 612
Total interest expense 8,481 6,308
Net interest income 44,833 40,000
Provision for loan losses 3,905 1,659
Net interest income after provision for loan losses 40,928 38,341
Noninterest income:    
Service charges on deposit accounts 3,926 4,117
Debit card fees 2,980 2,624
Investment services 559 544
E-commerce fees 113 139
Other operating income 1,072 937
Total noninterest income 8,650 8,361
Noninterest expense:    
Salaries and employee benefits 17,170 15,488
Occupancy expense 1,865 1,722
Equipment and furniture expense 749 580
Service and data processing fees 2,450 2,149
Computer software, supplies and support 1,064 926
Advertising and promotion 473 461
FDIC insurance premiums 321 461
Legal and professional fees 1,111 1,146
Other 2,619 2,743
Total noninterest expense 27,822 25,676
Income before provision for income taxes 21,756 21,026
Provision for income taxes 3,029 3,542
Net income $ 18,727 $ 17,484
Basic earnings per share (in dollars per share) $ 2.20 $ 2.05
Basic average shares outstanding (in shares) 8,529,927 8,537,814
Diluted earnings per share (in dollars per share) $ 2.20 $ 2.05
Diluted average shares outstanding (in shares) 8,529,927 8,537,814
Dividends per share (in dollars per share) $ 0.44 $ 0.40