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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2020
Dec. 31, 2019
Interest income:        
Loans $ 11,766 $ 9,801 $ 21,958 $ 19,206
Investment securities - taxable 182 172 326 331
Mortgage-backed securities 1,020 1,261 2,040 2,505
Investment securities - tax exempt 1,960 1,756 3,935 3,358
Interest-bearing deposits and federal funds sold 21 207 28 405
Total interest income 14,949 13,197 28,287 25,805
Interest expense:        
Interest on deposits 1,053 2,205 2,442 4,255
Interest on borrowings 287 81 420 139
Total interest expense 1,340 2,286 2,862 4,394
Net interest income 13,609 10,911 25,425 21,411
Provision for loan losses 1,262 690 2,505 1,241
Net interest income after provision for loan losses 12,347 10,221 22,920 20,170
Noninterest income:        
Service charges on deposit accounts 934 1,111 1,740 2,236
Debit card fees 917 755 1,810 1,498
Investment services 216 168 377 313
E-commerce fees 28 31 57 66
Other operating income 299 251 488 469
Total noninterest income 2,394 2,316 4,472 4,582
Noninterest expense:        
Salaries and employee benefits 4,771 3,992 9,178 7,934
Occupancy expense 464 441 979 907
Equipment and furniture expense 164 126 315 407
Service and data processing fees 671 638 1,284 1,212
Computer software, supplies and support 327 264 633 506
Advertising and promotion 109 142 220 258
FDIC insurance premiums 174 12 348 (27)
Legal and professional fees 319 325 595 604
Other 541 595 1,121 1,156
Total noninterest expense 7,540 6,535 14,673 12,957
Income before provision for income taxes 7,201 6,002 12,719 11,795
Provision for income taxes 1,006 889 1,649 1,819
Net income $ 6,195 $ 5,113 $ 11,070 $ 9,976
Basic and diluted earnings per share (in dollars per share) $ 0.73 $ 0.60 $ 1.30 $ 1.17
Basic and diluted average shares outstanding (in shares) 8,513,414 8,537,010 8,513,414 8,537,412
Dividends per share (in dollars per share) $ 0.12 $ 0.11 $ 0.24 $ 0.22