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CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Mar. 31, 2022
Mar. 31, 2021
Interest Income        
Loans $ 45,846 $ 50,159 $ 141,651 $ 153,776
Taxable investment securities 8,024 7,891 23,831 22,934
Tax-exempt investment securities 316 410 976 1,297
Other interest-earning assets 415 705 1,261 2,406
Total Interest Income 54,601 59,165 167,719 180,413
Interest Expense        
Deposits 3,565 6,670 11,293 26,379
Borrowings 3,309 4,012 10,422 14,865
Total Interest Expense 6,874 10,682 21,715 41,244
Net Interest Income 47,727 48,483 146,004 139,169
(Reversal of) provision for credit losses (3,920) 1,126 (11,740) 3,820
Net Interest Income after (Reversal of) Provision for Credit Losses 51,647 47,357 157,744 135,349
Non-Interest Income        
Fees and service charges 617 473 1,922 1,474
Gain on sale and call of securities 3 18 4 454
Gain on sale of loans 376 943 2,352 5,211
Gain on sale of other real estate owned 14 0 14 0
Income from bank owned life insurance 1,511 1,530 4,634 4,722
Electronic banking fees and charges 432 456 1,260 1,265
Bargain purchase gain 0 0 0 3,053
Other income 238 1,194 938 1,351
Total Non-Interest Income 3,191 4,614 11,124 17,530
Non-Interest Expense        
Salaries and employee benefits 19,184 16,965 55,897 51,023
Net occupancy expense of premises 3,223 3,433 10,926 9,675
Equipment and systems 3,822 3,823 11,370 11,295
Advertising and marketing 516 567 1,356 1,580
Federal deposit insurance premium 480 488 1,693 1,450
Directors' compensation 340 748 1,792 2,244
Merger-related expenses 0 0 0 4,349
Debt extinguishment expenses 0 0 0 796
Other expense 3,058 3,792 9,062 11,487
Total Non-Interest Expense 30,623 29,816 92,096 93,899
Income before Income Taxes 24,215 22,155 76,772 58,980
Income tax expense 6,522 5,732 20,595 14,230
Net Income $ 17,693 $ 16,423 $ 56,177 $ 44,750
Net Income per Common Share (EPS)        
Basic $ 0.25 $ 0.20 $ 0.78 $ 0.53
Diluted $ 0.25 $ 0.20 $ 0.78 $ 0.53
Weighted Average Number of Common Shares Outstanding        
Basic 69,790 80,673 72,130 83,958
Diluted 69,817 80,690 72,154 83,961