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Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Mar. 31, 2022
Jun. 30, 2021
ASSETS    
Cash and due from banks $ 150,615 $ 149,765
Federal funds sold 0 10
Total cash and cash equivalents 150,615 149,775
Long term certificates of deposit 4,112 4,553
Securities available-for-sale, at fair value 411,442 390,890
Securities held-to-maturity, at amortized cost (fair value $729,953 at March 31, 2022; $519,042 at June 30, 2021) 729,739 496,914
Equity securities, at fair value 296 307
Federal Home Loan Bank stock, at cost 1,091 1,091
Loans 1,155,399 1,108,408
Allowance for loan losses (21,739) (19,668)
Unearned origination fees and costs, net (140) (2,793)
Net loans receivable 1,133,520 1,085,947
Premises and equipment, net 14,273 14,137
Bank owned life insurance 53,364 40,425
Accrued interest receivable 9,495 7,781
Foreclosed real estate 68 64
Prepaid expenses and other assets 13,674 8,451
Total assets 2,521,689 2,200,335
LIABILITIES AND SHAREHOLDERS' EQUITY    
Noninterest-bearing deposits 188,043 174,114
Interest-bearing deposits 2,103,827 1,830,994
Total deposits 2,291,870 2,005,108
Borrowings from other banks, short-term 0 3,000
Subordinated notes payable, net 49,263 19,644
Accrued expenses and other liabilities 23,624 22,999
Total liabilities 2,364,757 2,050,751
SHAREHOLDERS' EQUITY    
Preferred stock, Authorized - 1,000,000 shares; Issued - None 0 0
Common stock, par value $0.10 per share; Authorized - 12,000,000 shares; Issued - 8,611,340; Outstanding - 8,513,414 shares at March 31, 2022, and June 30, 2021 861 861
Additional paid-in capital 11,017 11,017
Retained earnings 159,427 139,775
Accumulated other comprehensive loss (13,465) (1,161)
Treasury stock, at cost 97,926 shares at March 31, 2022, and June 30, 2021 (908) (908)
Total shareholders' equity 156,932 149,584
Total liabilities and shareholders' equity $ 2,521,689 $ 2,200,335