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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Interest and dividend income:    
Loans $ 11,513,000 $ 10,034,000
Securities 1,934,000 430,000
Interest-earning deposits with banks and other 1,745,000 152,000
Total interest and dividend income 15,192,000 10,616,000
Interest expense:    
Deposits 406,000 358,000
Borrowings and other 112,000 23,000
Total interest expense 518,000 381,000
Net interest income 14,674,000 10,235,000
Provision for loan losses 120,000 250,000
Net interest income after provision for loan losses 14,554,000 9,985,000
Noninterest income:    
Bank fees and service charges 1,570,000 1,605,000
Insurance and wealth management services 1,734,000 1,561,000
Net loss on equity securities (39,000) (43,000)
Net gain on securities transactions 0 4,000
Bank-owned life insurance 461,000 1,000
Other 79,000 72,000
Total noninterest income 3,805,000 3,200,000
Noninterest expense:    
Salaries and employee benefits 6,592,000 6,225,000
Net occupancy and equipment 1,711,000 1,712,000
Data processing 1,037,000 1,039,000
Advertising and marketing 141,000 74,000
Insurance premiums 231,000 199,000
Federal Deposit Insurance Corporation ("FDIC") insurance premiums 171,000 192,000
Professional fees 773,000 847,000
Litigation-related expense 0 0
Other 1,212,000 1,126,000
Total noninterest expense 11,868,000 11,414,000
Income before income taxes 6,491,000 1,771,000
Income tax expense 1,257,000 414,000
Net income $ 5,234,000 $ 1,357,000
Net earnings per common share:    
Basic $ 0.21 $ 0.05
Diluted $ 0.21 $ 0.05
Weighted average shares outstanding - basic 25,143,924 25,093,008
Weighted average shares outstanding - diluted 25,143,924 25,093,008