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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Interest income:    
Loans $ 19,243 $ 17,205
Investment securities - tax exempt 4,468 4,290
Investment securities - taxable 3,369 2,261
Interest-bearing deposits and federal funds sold 689 916
Total interest income 27,769 24,672
Interest expense:    
Interest on deposits 13,806 10,607
Interest on borrowings 827 626
Total interest expense 14,633 11,233
Net interest income 13,136 13,439
Provision for credit losses 634 457
Net interest income after provision for credit losses 12,502 12,982
Noninterest income:    
Service charges on deposit accounts 1,226 1,230
Debit card fees 1,101 1,133
Investment services 248 243
E-commerce fees 37 29
Bank-owned life insurance 648 362
Other operating income 477 302
Total noninterest income 3,737 3,299
Noninterest expense:    
Salaries and employee benefits 5,878 5,491
Occupancy expense 636 537
Equipment and furniture expense 150 138
Service and data processing fees 767 591
Computer software, supplies and support 355 511
Advertising and promotion 77 97
FDIC insurance premiums 322 312
Legal and professional fees 364 383
Other 1,001 785
Total noninterest expense 9,550 8,845
Income before provision for income taxes 6,689 7,436
Provision for income taxes 428 967
Net income $ 6,261 $ 6,469
Basic earnings per share (in dollars per share) $ 0.37 $ 0.38
Diluted earnings per share (in dollars per share) $ 0.37 $ 0.38
Basic average shares outstanding (in shares) 17,026,828 17,026,828
Diluted average shares outstanding (in shares) 17,026,828 17,026,828