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Consolidated Statements of Operations - USD ($)
3 Months Ended 9 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Mar. 31, 2020
Mar. 31, 2019
Interest and dividend income        
Loans receivable $ 13,114,000 $ 10,413,000 $ 39,299,000 $ 30,632,000
Investment securities 2,003,000 2,619,000 6,974,000 7,413,000
Federal funds and other 217,000 614,000 816,000 1,450,000
Total interest and dividend income 15,334,000 13,646,000 47,089,000 39,495,000
Interest expense        
Deposits and escrow interest 3,268,000 2,741,000 9,927,000 7,172,000
FHLB advances 541,000 168,000 1,942,000 378,000
Total interest expense 3,809,000 2,909,000 11,869,000 7,550,000
Net interest income 11,525,000 10,737,000 35,220,000 31,945,000
Provision for loan losses 2,008,000 7,000 2,755,000 71,000
Net interest income after provision for loan losses 9,517,000 10,730,000 32,465,000 31,874,000
Noninterest income        
Fees and service charges 366,000 436,000 1,170,000 1,311,000
Bank-owned life insurance [1] 128,000 131,000 399,000 410,000
Swap income [1]     170,000 146,000
Gains on sales of securities, net [1] 38,000   38,000 55,000
Other 48,000 12,000 115,000 218,000
Total noninterest income 580,000 579,000 1,892,000 2,140,000
Noninterest expense        
Salaries and employee benefits 5,782,000 5,579,000 17,435,000 15,907,000
Occupancy and equipment 1,311,000 1,340,000 3,959,000 3,865,000
Communication and data processing 521,000 476,000 1,559,000 1,430,000
Professional fees 393,000 396,000 1,176,000 1,182,000
Postage, printing, stationary and supplies 140,000 138,000 439,000 454,000
FDIC assessment   105,000   322,000
Advertising 100,000 131,000 300,000 349,000
Amortization of intangible assets 24,000 29,000 73,000 85,000
Other operating expenses 249,000 504,000 1,160,000 1,692,000
Total noninterest expense 8,520,000 8,698,000 26,101,000 25,286,000
Net income before income tax expense 1,577,000 2,611,000 8,256,000 8,728,000
Income tax expense 360,000 625,000 1,857,000 2,089,000
Net income $ 1,217,000 $ 1,986,000 $ 6,399,000 $ 6,639,000
Earnings per common share:        
Basic $ 0.08 $ 0.12 $ 0.41 $ 0.40
Diluted $ 0.08 $ 0.12 $ 0.40 $ 0.40
Weighted average common shares outstanding:        
Basic 15,437,173 16,204,393 15,752,709 16,645,287
Diluted 15,447,217 16,261,755 15,814,322 16,659,746
[1] Not within the scope of ASC 606