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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2022
Dec. 31, 2021
Interest income:        
Loans $ 14,801 $ 11,990 $ 28,183 $ 24,057
Investment securities - taxable 690 330 1,354 673
Mortgage-backed securities 1,364 1,199 2,854 2,269
Investment securities - tax exempt 3,504 2,253 6,581 4,344
Interest-bearing deposits and federal funds sold 169 39 196 81
Total interest income 20,528 15,811 39,168 31,424
Interest expense:        
Interest on deposits 3,738 849 5,748 1,697
Interest on borrowings 867 509 1,663 875
Total interest expense 4,605 1,358 7,411 2,572
Net interest income 15,923 14,453 31,757 28,852
Provision for loan losses 244 1,280 (255) 2,268
Net interest income after provision for loan losses 15,679 13,173 32,012 26,584
Noninterest income:        
Service charges on deposit accounts 1,234 1,158 2,451 2,227
Debit card fees 1,138 1,107 2,280 2,190
Investment services 198 278 378 491
E-commerce fees 29 27 55 60
Bank-owned life insurance 340 315 680 616
Net loss on sale of available-for-sale securities (251) 0 (251) 0
Other operating income 207 353 400 583
Total noninterest income 2,895 3,238 5,993 6,167
Noninterest expense:        
Salaries and employee benefits 5,449 5,034 10,877 9,771
Occupancy expense 513 573 1,037 1,078
Equipment and furniture expense 221 231 379 387
Service and data processing fees 664 650 1,366 1,288
Computer software, supplies and support 369 394 750 772
Advertising and promotion 145 98 221 199
FDIC insurance premiums 205 201 447 421
Legal and professional fees 1,697 421 2,148 817
Other 688 735 1,523 1,565
Total noninterest expense 9,951 8,337 18,748 16,298
Income before provision for income taxes 8,623 8,074 19,257 16,453
Provision for income taxes 1,425 1,197 3,023 2,462
Net income $ 7,198 $ 6,877 $ 16,234 $ 13,991
Basic earnings per share (in dollars per share) $ 0.85 $ 0.81 $ 1.91 $ 1.64
Diluted earnings per share (in dollars per share) $ 0.85 $ 0.81 $ 1.91 $ 1.64
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) $ 0.14 $ 0.13 $ 0.28 $ 0.26