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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended 6 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2022
Dec. 31, 2021
Interest and dividend income:        
Loans $ 13,506,000 $ 10,094,000 $ 25,018,000 $ 20,128,000
Securities 2,523,000 605,000 4,457,000 1,036,000
Interest-earning deposits with banks and other 1,950,000 152,000 3,695,000 304,000
Total interest and dividend income 17,979,000 10,851,000 33,170,000 21,468,000
Interest expense:        
Deposits 632,000 343,000 1,038,000 701,000
Borrowings and other 212,000 17,000 324,000 40,000
Total interest expense 844,000 360,000 1,362,000 741,000
Net interest income 17,135,000 10,491,000 31,808,000 20,727,000
Provision for loan losses (400,000)   (280,000) 250,000
Net interest income after provision for loan losses 17,535,000 10,491,000 32,088,000 20,477,000
Noninterest income:        
Bank fees and service charges 1,469,000 1,655,000 3,039,000 3,260,000
Insurance and wealth management services 2,187,000 2,001,000 3,921,000 3,562,000
Net gain on equity securities 268,000 160,000 228,000 118,000
Net gain on securities transactions       4,000
Net gain on disposal of assets   62,000   62,000
Other 22,000 71,000 563,000 142,000
Total non-interest income 3,946,000 3,949,000 7,751,000 7,148,000
Noninterest expense:        
Salaries and employee benefits 7,220,000 6,238,000 13,812,000 12,463,000
Net occupancy and equipment 1,841,000 1,725,000 3,552,000 3,437,000
Data processing 1,076,000 1,040,000 2,113,000 2,079,000
Advertising and marketing 294,000 163,000 435,000 237,000
Insurance premiums 226,000 203,000 457,000 402,000
Federal Deposit Insurance Corporation insurance premiums 153,000 225,000 324,000 416,000
Professional fees 1,098,000 699,000 1,871,000 1,546,000
Employee retention credit   (5,029,000)   (5,029,000)
Other 1,598,000 1,115,000 2,810,000 2,242,000
Total noninterest expense 13,506,000 6,379,000 25,374,000 17,793,000
Income before income taxes 7,975,000 8,061,000 14,465,000 9,832,000
Income tax expense 1,792,000 1,804,000 3,048,000 2,218,000
Net income $ 6,183,000 $ 6,257,000 $ 11,417,000 $ 7,614,000
Net earnings per common share:        
Basic $ 0.25 $ 0.25 $ 0.45 $ 0.30
Diluted $ 0.25 $ 0.25 $ 0.45 $ 0.30
Weighted average shares outstanding - basic 25,156,653 25,105,737 25,150,289 25,099,373
Weighted average shares outstanding - diluted 25,156,653 25,105,737 25,150,289 25,099,373