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CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2018
Dec. 31, 2017
Interest Income        
Loans $ 49,015 $ 30,610 $ 96,452 $ 61,083
Taxable investment securities 9,051 6,077 17,930 11,933
Tax-exempt investment securities 713 641 1,429 1,262
Other interest-earning assets 1,243 704 2,417 1,346
Total Interest Income 60,022 38,032 118,228 75,624
Interest Expense        
Deposits 12,727 6,649 23,266 12,868
Borrowings 7,946 4,548 15,433 9,111
Total Interest Expense 20,673 11,197 38,699 21,979
Net Interest Income 39,349 26,835 79,529 53,645
Provision for Loan Losses 971 936 3,071 1,566
Net Interest Income after Provision for Loan Losses 38,378 25,899 76,458 52,079
Non-Interest Income        
Gain on sale of loans [1] 101 200 233 531
Gain (loss) on sale and write down of other real estate owned 36 23 (14) (86)
Income from bank owned life insurance [1] 1,599 1,264 3,193 2,531
Miscellaneous [1] 38 65 121 131
Total Non-Interest Income 3,309 3,263 6,491 6,357
Non-Interest Expense        
Salaries and employee benefits 15,699 12,852 31,341 25,645
Net occupancy expense of premises 2,761 2,122 5,497 4,103
Equipment and systems 3,377 2,193 6,303 4,383
Advertising and marketing 787 748 1,364 1,458
Federal deposit insurance premium 421 343 886 703
Directors' compensation 746 688 1,504 1,377
Merger-related expenses   1,193   1,193
Miscellaneous 3,479 2,625 6,832 5,188
Total Non-Interest Expense 27,270 22,764 53,727 44,050
Income before Income Taxes 14,417 6,398 29,222 14,386
Income tax expense 3,649 5,129 7,308 7,885
Net Income $ 10,768 $ 1,269 $ 21,914 $ 6,501
Net Income per Common Share (EPS)        
Basic $ 0.12 $ 0.02 $ 0.23 $ 0.08
Diluted $ 0.12 $ 0.02 $ 0.23 $ 0.08
Weighted Average Number of Common Shares Outstanding        
Basic 92,434 77,174 93,780 78,411
Diluted 92,480 77,239 93,831 78,474
Dividends Declared Per Common Share $ 0.05 $ 0.03 $ 0.25 $ 0.18
Financial Service [Member]        
Non-Interest Income        
Fees and service charges $ 1,258 $ 1,409 $ 2,431 $ 2,670
Credit and Debit Card [Member]        
Non-Interest Income        
Fees and service charges $ 277 $ 302 $ 527 $ 580
[1] Not within the scope of ASC 606.