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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Mar. 31, 2020
Mar. 31, 2019
Interest and dividend income:        
Loans $ 12,282 $ 12,438 $ 38,122 $ 36,899
Securities 518 649 1,715 1,918
Interest-earning deposits with banks and other 488 512 1,866 1,115
Total interest and dividend income 13,288 13,599 41,703 39,932
Interest expense:        
Deposits 1,213 1,082 3,761 2,986
Borrowings and other 22 57 77 207
Total interest expense 1,235 1,139 3,838 3,193
Net interest income 12,053 12,460 37,865 36,739
Provision for loan losses 2,550 570 20,440 1,780
Net interest income after provision for loan losses 9,503 11,890 17,425 34,959
Noninterest income:        
Bank fees and service charges 1,718 2,232 6,730 5,969
Insurance and wealth management services 1,809 1,568 5,233 4,850
Net loss on equity securities (1,017)   (735)  
Net gain on available for sale securities transactions 83   134  
Net loss on disposal of assets (7) (27) (28) (575)
Bank-owned life insurance 10 30 537 95
Other 69 169 200 203
Total noninterest income 2,665 3,972 12,071 10,542
Noninterest expense:        
Salaries and employee benefits 6,213 5,741 18,764 16,731
Net occupancy and equipment 1,559 1,522 4,597 4,456
Data processing 829 734 2,374 2,182
Advertising and marketing 162 282 551 720
FDIC insurance premiums 119 196 (8) 551
Contribution to Pioneer Bank Charitable Foundation     5,446  
Fraudulent activity     2,500  
Professional fees 966 81 2,864 268
Other 1,260 1,090 3,888 3,245
Total noninterest expense 11,108 9,646 40,976 28,153
Income (loss) before income taxes 1,060 6,216 (11,480) 17,348
Income tax (benefit) expense 211 1,437 (3,495) 3,326
Net income (loss) $ 849 $ 4,779 $ (7,985) $ 14,022
Income (Loss) per common share:        
Basic $ 0.03   $ (0.32)  
Diluted $ 0.03   $ (0.32)  
Weighted average shares outstanding - basic and diluted 25,016,634   25,006,027