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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2023
Dec. 31, 2022
Interest income:        
Loans $ 17,776 $ 14,801 $ 34,981 $ 28,183
Investment securities - taxable 805 690 1,573 1,354
Mortgage-backed securities 1,573 1,364 3,066 2,854
Investment securities - tax exempt 4,334 3,504 8,624 6,581
Interest-bearing deposits and federal funds sold 1,105 169 2,021 196
Total interest income 25,593 20,528 50,265 39,168
Interest expense:        
Interest on deposits 12,558 3,738 23,165 5,748
Interest on borrowings 647 867 1,273 1,663
Total interest expense 13,205 4,605 24,438 7,411
Net interest income 12,388 15,923 25,827 31,757
Provision for credit losses 170 244 627 (255)
Net interest income after provision for credit losses 12,218 15,679 25,200 32,012
Noninterest income:        
Service charges on deposit accounts 1,227 1,234 2,457 2,451
Debit card fees 1,120 1,138 2,253 2,280
Investment services 206 198 449 378
E-commerce fees 30 29 59 55
Bank-owned life insurance 574 340 936 680
Net loss on sale of available-for-sale securities 0 (251) 0 (251)
Other operating income 321 207 623 400
Total noninterest income 3,478 2,895 6,777 5,993
Noninterest expense:        
Salaries and employee benefits 5,654 5,449 11,145 10,877
Occupancy expense 593 513 1,130 1,037
Equipment and furniture expense 238 221 376 379
Service and data processing fees 614 664 1,205 1,366
Computer software, supplies and support 471 369 982 750
Advertising and promotion 102 145 199 221
FDIC insurance premiums 314 205 626 447
Legal and professional fees 417 1,697 800 2,148
Other 923 688 1,708 1,523
Total noninterest expense 9,326 9,951 18,171 18,748
Income before provision for income taxes 6,370 8,623 13,806 19,257
Provision for income taxes 663 1,425 1,630 3,023
Net income $ 5,707 $ 7,198 $ 12,176 $ 16,234
Basic earnings per share (in dollars per share) $ 0.34 $ 0.42 $ 0.72 $ 0.95
Diluted earnings per share (in dollars per share) $ 0.34 $ 0.42 $ 0.72 $ 0.95
Basic average shares outstanding (in shares) 17,026,828 17,026,828 17,026,828 17,026,828
Diluted average shares outstanding (in shares) 17,026,828 17,026,828 17,026,828 17,026,828