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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Interest income:    
Loans $ 10,192 $ 9,405
Investment securities - taxable 144 159
Mortgage-backed securities 1,020 1,244
Investment securities - tax exempt 1,975 1,602
Interest-bearing deposits and federal funds sold 7 198
Total interest income 13,338 12,608
Interest expense:    
Interest on deposits 1,389 2,050
Interest on borrowings 133 58
Total interest expense 1,522 2,108
Net interest income 11,816 10,500
Provision for loan losses 1,243 551
Net interest income after provision for loan losses 10,573 9,949
Noninterest income:    
Service charges on deposit accounts 806 1,125
Debit card fees 893 743
Investment services 161 145
E-commerce fees 29 35
Other operating income 189 218
Total noninterest income 2,078 2,266
Noninterest expense:    
Salaries and employee benefits 4,407 3,942
Occupancy expense 515 466
Equipment and furniture expense 151 281
Service and data processing fees 613 574
Computer software, supplies and support 306 242
Advertising and promotion 111 116
FDIC insurance premiums 174 (39)
Legal and professional fees 276 279
Other 580 561
Total noninterest expense 7,133 6,422
Income before provision for income taxes 5,518 5,793
Provision for income taxes 643 930
Net income $ 4,875 $ 4,863
Basic and diluted earnings per share (in dollars per share) $ 0.57 $ 0.57
Basic and diluted average shares outstanding (in shares) 8,513,414 8,537,814
Dividends per share (in dollars per share) $ 0.12 $ 0.11