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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Interest income:    
Loans $ 12,067 $ 10,192
Investment securities - taxable 343 144
Mortgage-backed securities 1,070 1,020
Investment securities - tax exempt 2,091 1,975
Interest-bearing deposits and federal funds sold 42 7
Total interest income 15,613 13,338
Interest expense:    
Interest on deposits 848 1,389
Interest on borrowings 366 133
Total interest expense 1,214 1,522
Net interest income 14,399 11,816
Provision for loan losses 988 1,243
Net interest income after provision for loan losses 13,411 10,573
Noninterest income:    
Service charges on deposit accounts 1,069 806
Debit card fees 1,083 893
Investment services 213 161
E-commerce fees 33 29
Bank owned life insurance 301 0
Other operating income 230 189
Total noninterest income 2,929 2,078
Noninterest expense:    
Salaries and employee benefits 4,737 4,407
Occupancy expense 505 515
Equipment and furniture expense 156 151
Service and data processing fees 638 613
Computer software, supplies and support 378 306
Advertising and promotion 101 111
FDIC insurance premiums 220 174
Legal and professional fees 396 276
Other 830 580
Total noninterest expense 7,961 7,133
Income before provision for income taxes 8,379 5,518
Provision for income taxes 1,265 643
Net income $ 7,114 $ 4,875
Basic earnings per share (in dollars per share) $ 0.84 $ 0.57
Diluted earnings per share (in dollars per share) $ 0.84 $ 0.57
Basic average shares outstanding (in shares) 8,513,414 8,513,414
Diluted average shares outstanding (in shares) 8,513,414 8,513,414
Dividends per share (in dollars per share) $ 0.13 $ 0.12