XML 16 R4.htm IDEA: XBRL DOCUMENT v3.25.1
Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Mar. 31, 2025
Mar. 31, 2024
Interest income:        
Loans $ 20,185 $ 18,063 $ 58,908 $ 53,044
Investment securities - tax exempt 5,053 4,426 14,464 13,050
Investment securities - taxable 3,810 2,741 10,777 7,380
Interest-bearing deposits and federal funds sold 731 841 2,817 2,862
Total interest income 29,779 26,071 86,966 76,336
Interest expense:        
Interest on deposits 12,999 12,944 41,543 36,109
Interest on borrowings 569 832 2,008 2,105
Total interest expense 13,568 13,776 43,551 38,214
Net interest income 16,211 12,295 43,415 38,122
Provision for credit losses 1,084 290 2,196 917
Net interest income after provision for credit losses 15,127 12,005 41,219 37,205
Noninterest income:        
Service charges on deposit accounts 1,191 1,011 3,690 3,468
Debit card fees 1,146 1,120 3,310 3,373
Investment services 297 265 797 714
E-commerce fees 16 24 87 83
Bank-owned life insurance 625 615 1,910 1,551
Net loss on sale of securities available-for-sale (665) 0 (665) 0
Other operating income 1,246 377 2,339 1,000
Total noninterest income 3,856 3,412 11,468 10,189
Noninterest expense:        
Salaries and employee benefits 6,195 6,102 17,726 17,247
Occupancy expense 729 688 1,980 1,818
Equipment and furniture expense 226 151 569 527
Service and data processing fees 667 661 2,207 1,866
Computer software, supplies and support 427 319 1,186 1,301
Advertising and promotion 136 122 340 321
FDIC insurance premiums 353 326 1,022 952
Legal and professional fees 394 319 1,003 1,119
Other 915 546 2,945 2,254
Total noninterest expense 10,042 9,234 28,978 27,405
Income before provision for income taxes 8,941 6,183 23,709 19,989
Provision for income taxes 887 322 1,904 1,952
Net income $ 8,054 $ 5,861 $ 21,805 $ 18,037
Basic earnings per share (in Dollars per share) $ 0.47 $ 0.34 $ 1.28 $ 1.06
Diluted earnings per share (in Dollars per share) $ 0.47 $ 0.34 $ 1.28 $ 1.06
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