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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2020
Interest Income      
Loans $ 190,520 $ 202,240 $ 191,599
Taxable investment securities 32,746 31,238 39,321
Tax-exempt investment securities 1,273 1,652 2,393
Other interest-earning assets 1,733 2,955 4,491
Total Interest Income 226,272 238,085 237,804
Interest Expense      
Deposits 15,208 31,535 58,852
Borrowings 14,461 18,316 25,002
Total Interest Expense 29,669 49,851 83,854
Net Interest Income 196,603 188,234 153,950
(Reversal of) provision for credit losses (7,518) (1,121) 4,197
Net Interest Income after (Reversal of) Provision for Credit Losses 204,121 189,355 149,753
Non-Interest Income      
Fees and service charges 2,580 1,897 2,051
(Loss) gain on sale and call of securities [1] (559) 767 2,250
Gain on sale of loans [1] 2,539 5,574 3,186
Gain (loss) on sale and write down of other real estate owned 5 0 (28)
Income from bank owned life insurance [1] 6,167 6,267 6,225
Electronic banking fees and charges 1,626 1,717 1,245
Bargain purchase gain 0 3,053 0
Other income [1] 1,576 1,751 194
Total Non-Interest Income 13,934 21,026 15,123
Non-Interest Expense      
Salaries and employee benefits 76,264 68,800 62,015
Net occupancy expense of premises 14,114 12,673 11,424
Equipment and systems 15,886 14,870 11,755
Advertising and marketing 2,059 2,161 2,788
Federal deposit insurance premium 2,455 1,940 286
Directors' compensation 2,132 2,993 3,079
Merger-related expenses 0 4,349 951
Debt extinguishment expenses 0 796 2,156
Other expense 12,798 17,303 13,170
Total Non-Interest Expense 125,708 125,885 107,624
Income before Income Taxes 92,347 84,496 57,252
Income tax expense 24,800 21,263 12,287
Net Income $ 67,547 $ 63,233 $ 44,965
Net Income per Common Share (EPS)      
Basic $ 0.95 $ 0.77 $ 0.55
Diluted $ 0.95 $ 0.77 $ 0.55
Weighted Average Number of Common Shares Outstanding      
Basic 70,911 82,387 82,409
Diluted 70,933 82,391 82,430
[1] Not within the scope of ASC 606