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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Mar. 31, 2024
Mar. 31, 2023
Interest income:        
Loans $ 18,063 $ 15,676 $ 53,044 $ 43,859
Investment securities - taxable 1,116 722 2,689 2,076
Mortgage-backed securities 1,625 1,422 4,691 4,276
Investment securities - tax exempt 4,426 3,836 13,050 10,417
Interest-bearing deposits and federal funds sold 841 277 2,862 473
Total interest income 26,071 21,933 76,336 61,101
Interest expense:        
Interest on deposits 12,944 5,559 36,109 11,307
Interest on borrowings 832 1,148 2,105 2,811
Total interest expense 13,776 6,707 38,214 14,118
Net interest income 12,295 15,226 38,122 46,983
Provision for credit losses 290 (944) 917 (1,199)
Net interest income after provision for credit losses 12,005 16,170 37,205 48,182
Noninterest income:        
Service charges on deposit accounts 1,011 1,132 3,468 3,583
Debit card fees 1,120 1,082 3,373 3,362
Investment services 265 213 714 591
E-commerce fees 24 26 83 81
Bank-owned life insurance 615 340 1,551 1,020
Net loss on sale of available-for-sale securities 0 0 0 (251)
Other operating income 377 266 1,000 666
Total noninterest income 3,412 3,059 10,189 9,052
Noninterest expense:        
Salaries and employee benefits 6,102 6,193 17,247 17,070
Occupancy expense 688 617 1,818 1,654
Equipment and furniture expense 151 150 527 529
Service and data processing fees 661 674 1,866 2,040
Computer software, supplies and support 319 407 1,301 1,157
Advertising and promotion 122 115 321 336
FDIC insurance premiums 326 191 952 638
Legal and professional fees 319 507 1,119 2,655
Other 546 1,002 2,254 2,525
Total noninterest expense 9,234 9,856 27,405 28,604
Income before provision for income taxes 6,183 9,373 19,989 28,630
Provision for income taxes 322 1,282 1,952 4,305
Net income $ 5,861 $ 8,091 $ 18,037 $ 24,325
Basic earnings per share (in dollars per share) $ 0.34 $ 0.48 $ 1.06 $ 1.43
Diluted earnings per share (in dollars per share) $ 0.34 $ 0.48 $ 1.06 $ 1.43
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