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Consolidated Statements of Operations - USD ($)
3 Months Ended 9 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Mar. 31, 2022
Mar. 31, 2021
Interest and dividend income        
Loans receivable $ 11,943,000 $ 12,116,000 $ 36,701,000 $ 36,845,000
Investment securities 2,152,000 1,700,000 6,294,000 5,489,000
Federal funds and other 105,000 109,000 302,000 344,000
Total interest and dividend income 14,200,000 13,925,000 43,297,000 42,678,000
Interest expense        
Deposits and escrow interest 1,217,000 1,782,000 3,863,000 6,372,000
FHLB advances 266,000 506,000 924,000 1,545,000
Total interest expense 1,483,000 2,288,000 4,787,000 7,917,000
Net interest income 12,717,000 11,637,000 38,510,000 34,761,000
Provision (benefit) for loan losses 286,000 (894,000) 563,000 (678,000)
Net interest income after provision (benefit) for loan losses 12,431,000 12,531,000 37,947,000 35,439,000
Noninterest income        
Fees and service charges 390,000 353,000 1,198,000 1,038,000
Bank-owned life insurance [1] 185,000 120,000 568,000 381,000
Gain on sale of premises [1]     548,000  
Swap income [1] 333,000   333,000 367,000
Gains on sales of loans receivable [1] 9,000   56,000  
Gains on sales of securities [1]   113,000   113,000
Other [1] 6,000 6,000 28,000 30,000
Total noninterest income 923,000 592,000 2,731,000 1,929,000
Noninterest expense        
Salaries and employee benefits 5,737,000 5,595,000 17,353,000 16,722,000
Occupancy and equipment 1,414,000 1,359,000 4,115,000 4,051,000
Communication and data processing 573,000 517,000 1,626,000 1,539,000
Professional fees 543,000 382,000 1,356,000 1,285,000
Postage, printing, stationery and supplies 153,000 146,000 478,000 452,000
FDIC assessment 125,000 115,000 371,000 350,000
Advertising 100,000 100,000 300,000 300,000
Amortization of intangible assets 17,000 21,000 49,000 61,000
Other operating expenses 294,000 337,000 737,000 1,127,000
Total noninterest expense 8,956,000 8,572,000 26,385,000 25,887,000
Net income before income tax expense 4,398,000 4,551,000 14,293,000 11,481,000
Income tax expense 924,000 959,000 2,917,000 2,467,000
Net income $ 3,474,000 $ 3,592,000 $ 11,376,000 $ 9,014,000
Earnings per common share:        
Basic $ 0.25 $ 0.25 $ 0.80 $ 0.60
Diluted $ 0.24 $ 0.25 $ 0.80 $ 0.60
Weighted average common shares outstanding:        
Basic 14,165,775 14,631,122 14,247,188 14,944,097
Diluted 14,197,716 14,632,342 14,301,150 14,944,664
[1] Not within the scope of ASC 606.