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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Mar. 31, 2023
Mar. 31, 2022
Interest Income        
Loans $ 60,172 $ 45,846 $ 171,103 $ 141,651
Taxable investment securities 15,459 8,024 39,119 23,831
Tax-exempt investment securities 99 316 603 976
Other interest-earning assets 1,441 415 3,207 1,261
Total Interest Income 77,171 54,601 214,032 167,719
Interest Expense        
Deposits 22,246 3,565 51,937 11,293
Borrowings 12,554 3,309 26,410 10,422
Total Interest Expense 34,800 6,874 78,347 21,715
Net Interest Income 42,371 47,727 135,685 146,004
(Reversal of) provision for credit losses 451 (3,920) 2,792 (11,740)
Net Interest Income after Provision for (Reversal of) Credit Losses 41,920 51,647 132,893 157,744
Non-Interest Income        
Fees and service charges 910 617 2,407 1,922
Gain (loss) on sale and call of securities 0 3 (15,227) 4
(Loss) gain on sale of loans (2,373) 376 (1,844) 2,352
Gain on sale of other real estate owned 0 14 0 14
Income from bank owned life insurance 1,581 1,511 7,040 4,634
Electronic banking fees and charges 457 432 1,360 1,260
Other income 1,071 238 5,349 938
Total Non-Interest Income 1,646 3,191 (915) 11,124
Non-Interest Expense        
Salaries and employee benefits 18,005 19,184 58,274 55,897
Net occupancy expense of premises 3,097 3,223 9,174 10,926
Equipment and systems 3,537 3,822 11,066 11,370
Advertising and marketing 413 516 1,891 1,356
Federal deposit insurance premium 1,546 480 3,678 1,693
Directors' compensation 340 340 1,019 1,792
Other expense 3,414 3,058 9,888 9,062
Total Non-Interest Expense 30,352 30,623 94,990 92,096
Income before Income Taxes 13,214 24,215 36,988 76,772
Income tax expense 2,902 6,522 8,190 20,595
Net Income $ 10,312 $ 17,693 $ 28,798 $ 56,177
Net Income per Common Share (EPS)        
Earnings per share, basic (dollars per share) $ 0.16 $ 0.25 $ 0.44 $ 0.78
Earnings per share, diluted (dollars per share) $ 0.16 $ 0.25 $ 0.44 $ 0.78
Weighted Average Number of Common Shares Outstanding        
Weighted average number of common shares outstanding, basic (dollars per share) 64,769 69,790 65,181 72,130
Weighted average number of common shares outstanding, diluted (dollars per share) 64,783 69,817 65,191 72,154