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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Interest income:    
Loans $ 17,205 $ 13,382
Investment securities - taxable 768 664
Mortgage-backed securities 1,493 1,490
Investment securities - tax exempt 4,290 3,077
Interest-bearing deposits and federal funds sold 916 27
Total interest income 24,672 18,640
Interest expense:    
Interest on deposits 10,607 2,010
Interest on borrowings 626 796
Total interest expense 11,233 2,806
Net interest income 13,439 15,834
Provision for credit losses 457 (499)
Net interest income after provision for credit losses 12,982 16,333
Noninterest income:    
Service charges on deposit accounts 1,230 1,217
Debit card fees 1,133 1,142
Investment services 243 180
E-commerce fees 29 26
Bank owned life insurance 362 340
Other operating income 302 193
Total noninterest income 3,299 3,098
Noninterest expense:    
Salaries and employee benefits 5,491 5,428
Occupancy expense 537 524
Equipment and furniture expense 138 158
Service and data processing fees 591 702
Computer software, supplies and support 511 381
Advertising and promotion 97 76
FDIC insurance premiums 312 242
Legal and professional fees 383 451
Other 785 835
Total noninterest expense 8,845 8,797
Income before provision for income taxes 7,436 10,634
Provision for income taxes 967 1,598
Net income $ 6,469 $ 9,036
Basic earnings per share (in dollars per share) $ 0.38 $ 0.53
Diluted earnings per share (in dollars per share) $ 0.38 $ 0.53
Basic average shares outstanding (in shares) 17,026,828 17,026,828
Diluted average shares outstanding (in shares) 17,026,828 17,026,828