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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2024
Dec. 31, 2023
Interest income:        
Loans $ 19,480 $ 17,776 $ 38,723 $ 34,981
Investment securities - tax exempt 4,943 4,334 9,411 8,624
Investment securities - taxable 3,598 2,378 6,967 4,639
Interest-bearing deposits and federal funds sold 1,397 1,105 2,086 2,021
Total interest income 29,418 25,593 57,187 50,265
Interest expense:        
Interest on deposits 14,738 12,558 28,544 23,165
Interest on borrowings 612 647 1,439 1,273
Total interest expense 15,350 13,205 29,983 24,438
Net interest income 14,068 12,388 27,204 25,827
Provision for credit losses 478 170 1,112 627
Net interest income after provision for credit losses 13,590 12,218 26,092 25,200
Noninterest income:        
Service charges on deposit accounts 1,273 1,227 2,499 2,457
Debit card fees 1,063 1,120 2,164 2,253
Investment services 252 206 500 449
E-commerce fees 34 30 71 59
Bank-owned life insurance 637 574 1,285 936
Other operating income 616 321 1,093 623
Total noninterest income 3,875 3,478 7,612 6,777
Noninterest expense:        
Salaries and employee benefits 5,653 5,654 11,531 11,145
Occupancy expense 615 593 1,251 1,130
Equipment and furniture expense 193 238 343 376
Service and data processing fees 773 614 1,540 1,205
Computer software, supplies and support 404 471 759 982
Advertising and promotion 127 102 204 199
FDIC insurance premiums 347 314 669 626
Legal and professional fees 245 417 609 800
Other 1,029 923 2,030 1,708
Total noninterest expense 9,386 9,326 18,936 18,171
Income before provision for income taxes 8,079 6,370 14,768 13,806
Provision for income taxes 589 663 1,017 1,630
Net income $ 7,490 $ 5,707 $ 13,751 $ 12,176
Basic earnings per share (in Dollars per share) $ 0.44 $ 0.34 $ 0.81 $ 0.72
Diluted earnings per share (in Dollars per share) $ 0.44 $ 0.34 $ 0.81 $ 0.72
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