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CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2020
Dec. 31, 2019
Interest Income        
Loans $ 49,466 $ 45,608 $ 101,646 $ 94,208
Taxable investment securities 7,707 9,698 15,043 19,026
Tax-exempt investment securities 433 666 887 1,359
Other interest-earning assets 787 1,210 1,701 2,488
Total Interest Income 58,393 57,182 119,277 117,081
Interest Expense        
Deposits 8,647 15,590 19,709 31,645
Borrowings 5,193 6,985 10,853 14,142
Total Interest Expense 13,840 22,575 30,562 45,787
Net Interest Income 44,553 34,607 88,715 71,294
(Reversal of) provision for credit losses (1,365) (1,465) 2,694 (2,247)
Net Interest Income after (Reversal of) Provision for Credit Losses 45,918 36,072 86,021 73,541
Non-Interest Income        
Gain (loss) on sale and call of securities [1] 813 11 436 (3)
Gain on sale of loans [1] 2,378 668 4,268 1,273
Loss on sale and write down of other real estate owned   (28)   (28)
Income from bank owned life insurance [1] 1,596 1,576 3,192 3,156
Bargain purchase gain     3,053  
Other income [1] 67 (111) 157 (106)
Total Non-Interest Income 7,154 4,554 14,887 8,516
Non-Interest Expense        
Salaries and employee benefits 17,081 15,174 34,058 30,951
Net occupancy expense of premises 3,120 3,082 6,242 6,051
Equipment and systems 3,902 3,046 7,472 6,135
Advertising and marketing 513 890 1,013 1,425
Federal deposit insurance premium 490   962  
Directors' compensation 748 769 1,496 1,539
Merger-related expenses   219 4,349 219
Debt extinguishment expenses 796   796  
Other expense 3,860 3,247 7,695 6,351
Total Non-Interest Expense 30,510 26,427 64,083 52,671
Income before Income Taxes 22,562 14,199 36,825 29,386
Income tax expense 5,614 3,547 8,498 7,364
Net Income $ 16,948 $ 10,652 $ 28,327 $ 22,022
Net Income per Common Share (EPS)        
Basic $ 0.20 $ 0.13 $ 0.33 $ 0.26
Diluted $ 0.20 $ 0.13 $ 0.33 $ 0.26
Weighted Average Number of Common Shares Outstanding        
Basic 85,120 82,831 85,564 83,794
Diluted 85,123 82,876 85,566 83,835
Financial Service [Member]        
Non-Interest Income        
Fees and service charges $ 1,896 $ 2,145 $ 2,972 $ 3,613
Credit and Debit Card [Member]        
Non-Interest Income        
Fees and service charges $ 404 $ 293 $ 809 $ 611
[1] Not within the scope of ASC 606.