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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2021
Dec. 31, 2020
Interest income:        
Loans $ 11,990 $ 11,766 $ 24,057 $ 21,958
Investment securities - taxable 330 182 673 326
Mortgage-backed securities 1,199 1,020 2,269 2,040
Investment securities - tax exempt 2,253 1,960 4,344 3,935
Interest-bearing deposits and federal funds sold 39 21 81 28
Total interest income 15,811 14,949 31,424 28,287
Interest expense:        
Interest on deposits 849 1,053 1,697 2,442
Interest on borrowings 509 287 875 420
Total interest expense 1,358 1,340 2,572 2,862
Net interest income 14,453 13,609 28,852 25,425
Provision for loan losses 1,280 1,262 2,268 2,505
Net interest income after provision for loan losses 13,173 12,347 26,584 22,920
Noninterest income:        
Service charges on deposit accounts 1,158 934 2,227 1,740
Debit card fees 1,107 917 2,190 1,810
Investment services 278 216 491 377
E-commerce fees 27 28 60 57
Bank owned life insurance 315 0 616 0
Other operating income 353 299 583 488
Total noninterest income 3,238 2,394 6,167 4,472
Noninterest expense:        
Salaries and employee benefits 5,034 4,771 9,771 9,178
Occupancy expense 573 464 1,078 979
Equipment and furniture expense 231 164 387 315
Service and data processing fees 650 671 1,288 1,284
Computer software, supplies and support 394 327 772 633
Advertising and promotion 98 109 199 220
FDIC insurance premiums 201 174 421 348
Legal and professional fees 421 319 817 595
Other 735 541 1,565 1,121
Total noninterest expense 8,337 7,540 16,298 14,673
Income before provision for income taxes 8,074 7,201 16,453 12,719
Provision for income taxes 1,197 1,006 2,462 1,649
Net income $ 6,877 $ 6,195 $ 13,991 $ 11,070
Basic earnings per share (in dollars per share) $ 0.81 $ 0.73 $ 1.64 $ 1.30
Diluted earnings per share (in dollars per share) $ 0.81 $ 0.73 $ 1.64 $ 1.30
Basic average shares outstanding (in shares) 8,513,414 8,513,414 8,513,414 8,513,414
Diluted average shares outstanding (in shares) 8,513,414 8,513,414 8,513,414 8,513,414
Dividends per share (in dollars per share) $ 0.13 $ 0.12 $ 0.26 $ 0.24