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Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Mar. 31, 2021
Jun. 30, 2020
ASSETS    
Cash and due from banks $ 145,777 $ 40,463
Federal funds sold 10 0
Total cash and cash equivalents 145,787 40,463
Long term certificates of deposit 4,558 4,070
Securities available-for-sale, at fair value 404,186 226,709
Securities held-to-maturity, at amortized cost (fair value $464,419 at March 31, 2021; $405,512 at June 30, 2020) 444,073 383,657
Equity securities, at fair value 286 267
Federal Home Loan Bank stock, at cost 884 1,226
Loans 1,090,880 1,012,660
Allowance for loan losses (19,668) (16,391)
Unearned origination fees and costs, net (2,714) (2,747)
Net loans receivable 1,068,498 993,522
Premises and equipment, net 13,976 13,658
Bank owned life insurance 40,173 0
Accrued interest receivable 9,132 8,207
Foreclosed real estate 160 0
Prepaid expenses and other assets 11,110 5,024
Total assets 2,142,823 1,676,803
LIABILITIES AND SHAREHOLDERS' EQUITY    
Noninterest-bearing deposits 168,714 138,187
Interest-bearing deposits 1,791,315 1,362,888
Total deposits 1,960,029 1,501,075
Borrowings from other banks, short-term 2,000 17,884
Borrowings from Federal Home Loan Bank, long-term 0 7,600
Subordinated notes payable, net 19,622 0
Accrued expenses and other liabilities 22,085 21,439
Total liabilities 2,003,736 1,547,998
SHAREHOLDERS' EQUITY    
Preferred stock, Authorized - 1,000,000 shares; Issued - None 0 0
Common stock, par value $.10 per share; Authorized - 12,000,000 shares; Issued - 8,611,340; Outstanding - 8,513,414 shares at March 31, 2021, and June 30, 2020 861 861
Additional paid-in capital 11,017 11,017
Retained earnings 132,629 118,263
Accumulated other comprehensive loss (4,512) (428)
Treasury stock, at cost 97,926 shares at March 31, 2021, and June 30, 2020 (908) (908)
Total shareholders' equity 139,087 128,805
Total liabilities and shareholders' equity $ 2,142,823 $ 1,676,803