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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Mar. 31, 2022
Mar. 31, 2021
Interest income:        
Loans $ 11,236 $ 11,567 $ 35,293 $ 33,525
Investment securities - taxable 386 200 1,059 526
Mortgage-backed securities 1,278 981 3,547 3,021
Investment securities - tax exempt 2,372 2,010 6,716 5,945
Interest-bearing deposits and federal funds sold 33 30 114 58
Total interest income 15,305 14,788 46,729 43,075
Interest expense:        
Interest on deposits 748 951 2,445 3,393
Interest on borrowings 470 267 1,345 687
Total interest expense 1,218 1,218 3,790 4,080
Net interest income 14,087 13,570 42,939 38,995
Provision for loan losses 163 1,434 2,431 3,939
Net interest income after provision for loan losses 13,924 12,136 40,508 35,056
Noninterest income:        
Service charges on deposit accounts 1,052 815 3,279 2,555
Debit card fees 1,024 951 3,214 2,761
Investment services 216 174 707 551
E-commerce fees 23 25 83 82
Bank owned life insurance 323 173 939 173
Other operating income 267 223 850 711
Total noninterest income 2,905 2,361 9,072 6,833
Noninterest expense:        
Salaries and employee benefits 5,332 4,788 15,103 13,966
Occupancy expense 549 605 1,627 1,584
Equipment and furniture expense 186 168 573 483
Service and data processing fees 649 674 1,937 1,958
Computer software, supplies and support 356 368 1,128 1,001
Advertising and promotion 146 108 345 328
FDIC insurance premiums 225 204 646 552
Legal and professional fees 258 386 1,075 981
Other 613 1,066 2,178 2,187
Total noninterest expense 8,314 8,367 24,612 23,040
Income before provision for income taxes 8,515 6,130 24,968 18,849
Provision for income taxes 1,327 872 3,789 2,521
Net income $ 7,188 $ 5,258 $ 21,179 $ 16,328
Basic earnings per share (in dollars per share) $ 0.84 $ 0.62 $ 2.49 $ 1.92
Diluted earnings per share (in dollars per share) $ 0.84 $ 0.62 $ 2.49 $ 1.92
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 $ 0.39 $ 0.36