XML 18 R4.htm IDEA: XBRL DOCUMENT v3.22.1
Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Mar. 31, 2022
Mar. 31, 2021
Interest and dividend income        
Loans $ 26,616 $ 27,629 $ 81,440 $ 84,564
Commercial paper and interest-bearing deposits 563 611 1,362 2,106
Debt securities available for sale 384 496 1,319 1,528
Other investments 632 585 1,867 1,729
Total interest and dividend income 28,195 29,321 85,988 89,927
Interest expense        
Deposits 1,151 1,996 4,028 7,596
Borrowings 4 1,632 45 5,007
Total interest expense 1,155 3,628 4,073 12,603
Net interest income 27,040 25,693 81,915 77,324
Total provision (benefit) for credit losses (45) (4,100) (4,005) (6,180)
Net interest income after provision (benefit) for credit losses 27,085 29,793 85,920 83,504
Noninterest income        
Service charges and fees on deposit accounts 2,216 2,194 7,101 6,707
Loan income and fees 752 636 2,536 1,679
Gain on sale of loans held for sale 2,969 4,881 10,927 11,929
BOLI income 492 508 1,500 1,551
Operating lease income 1,661 1,432 4,920 4,107
Other 857 1,027 2,496 2,688
Total noninterest income 8,947 10,678 29,480 28,661
Noninterest expense        
Salaries and employee benefits 14,730 15,784 44,882 46,691
Occupancy expense, net 2,483 2,456 7,201 7,010
Computer services 2,455 2,581 7,148 7,108
Telephone, postage, and supplies 686 812 2,133 2,345
Marketing and advertising 573 319 2,110 971
Deposit insurance premiums 412 363 1,280 1,361
REO related expense, net 220 84 478 462
Core deposit intangible amortization 50 165 208 605
Prepayment penalties on borrowings 0 3,656 0 3,656
Other 4,190 4,286 12,285 12,740
Total noninterest expense 25,799 30,506 77,725 82,949
Net income before income taxes 10,233 9,965 37,675 29,216
Income tax expense 2,210 2,096 8,047 6,133
Net income $ 8,023 $ 7,869 $ 29,628 $ 23,083
Net income per common share:        
Basic (in dollars per share) $ 0.51 $ 0.49 $ 1.87 $ 1.42
Diluted (in dollars per share) $ 0.51 $ 0.48 $ 1.84 $ 1.40
Average shares outstanding:        
Basic (in shares) 15,523,813 15,979,590 15,666,093 16,139,059
Diluted (in shares) 15,793,012 16,485,718 15,997,377 16,339,130