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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Interest income:    
Loans $ 45,275 $ 39,159
Investment securities - taxable 816 654
Mortgage-backed securities 4,203 5,804
Investment securities - tax exempt 7,953 7,075
Interest-bearing deposits and federal funds sold 81 622
Total interest income 58,328 53,314
Interest expense:    
Interest on deposits 4,221 8,241
Interest on borrowings 962 240
Total interest expense 5,183 8,481
Net interest income 53,145 44,833
Provision for loan losses 3,974 3,905
Net interest income after provision for loan losses 49,171 40,928
Noninterest income:    
Service charges on deposit accounts 3,414 3,926
Debit card fees 3,860 2,980
Investment services 732 559
E-commerce fees 113 113
Bank owned life insurance 425 0
Other operating income 1,123 1,072
Total noninterest income 9,667 8,650
Noninterest expense:    
Salaries and employee benefits 19,166 17,170
Occupancy expense 2,169 1,865
Equipment and furniture expense 637 749
Service and data processing fees 2,621 2,450
Computer software, supplies and support 1,369 1,064
Advertising and promotion 491 473
FDIC insurance premiums 738 321
Legal and professional fees 1,212 1,111
Other 2,820 2,619
Total noninterest expense 31,223 27,822
Income before provision for income taxes 27,615 21,756
Provision for income taxes 3,673 3,029
Net income $ 23,942 $ 18,727
Basic earnings per share (in dollars per share) $ 2.81 $ 2.20
Basic average shares outstanding (in shares) 8,513,414 8,529,927
Diluted earnings per share (in dollars per share) $ 2.81 $ 2.20
Diluted average shares outstanding (in shares) 8,513,414 8,529,927
Dividends per share (in dollars per share) $ 0.48 $ 0.44