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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Interest income:    
Loans $ 13,382 $ 12,067
Investment securities - taxable 664 343
Mortgage-backed securities 1,490 1,070
Investment securities - tax exempt 3,077 2,091
Interest-bearing deposits and federal funds sold 27 42
Total interest income 18,640 15,613
Interest expense:    
Interest on deposits 2,010 848
Interest on borrowings 796 366
Total interest expense 2,806 1,214
Net interest income 15,834 14,399
Provision for loan losses (499) 988
Net interest income after provision for loan losses 16,333 13,411
Noninterest income:    
Service charges on deposit accounts 1,217 1,069
Debit card fees 1,142 1,083
Investment services 180 213
E-commerce fees 26 33
Bank owned life insurance 340 301
Other operating income 193 230
Total noninterest income 3,098 2,929
Noninterest expense:    
Salaries and employee benefits 5,428 4,737
Occupancy expense 524 505
Equipment and furniture expense 158 156
Service and data processing fees 702 638
Computer software, supplies and support 381 378
Advertising and promotion 76 101
FDIC insurance premiums 242 220
Legal and professional fees 451 396
Other 835 830
Total noninterest expense 8,797 7,961
Income before provision for income taxes 10,634 8,379
Provision for income taxes 1,598 1,265
Net income $ 9,036 $ 7,114
Basic earnings per share (in dollars per share) $ 1.06 $ 0.84
Diluted earnings per share (in dollars per share) $ 1.06 $ 0.84
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) $ 0.14 $ 0.13