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CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2023
Dec. 31, 2022
Interest and dividend income:        
Loans $ 17,722 $ 13,506 $ 34,255 $ 25,018
Securities 2,601 2,523 5,169 4,457
Interest-earning deposits with banks and other 1,163 1,950 2,218 3,695
Total interest and dividend income 21,486 17,979 41,642 33,170
Interest expense:        
Deposits 5,087 632 9,042 1,038
Borrowings and other 305 212 617 324
Total interest expense 5,392 844 9,659 1,362
Net interest income 16,094 17,135 31,983 31,808
Provision for credit losses 1,120 (400) 1,870 (280)
Net interest income after provision for credit losses 14,974 17,535 30,113 32,088
Noninterest income:        
Bank fees and service charges 1,498 1,469 2,944 3,039
Insurance and wealth management services 2,756 2,187 4,737 3,921
Net gain on equity securities 269 268 349 228
Net loss on securities available for sale transactions (5,645)   (5,645)  
Litigation-related income 5,950   5,950  
Other 7 22 74 563
Total noninterest income 4,835 3,946 8,409 7,751
Noninterest expense:        
Salaries and employee benefits 7,457 7,220 14,381 13,812
Net occupancy and equipment 1,901 1,841 3,732 3,552
Data processing 1,314 1,076 2,503 2,113
Advertising and marketing 212 294 353 435
Insurance premiums 226 226 465 457
Federal Deposit Insurance Corporation insurance premiums 270 153 532 324
Professional fees 2,844 1,098 5,430 1,871
Other 1,571 1,598 2,803 2,810
Total noninterest expense 15,795 13,506 30,199 25,374
Income before income taxes 4,014 7,975 8,323 14,465
Income tax expense 822 1,792 1,712 3,048
Net income $ 3,192 $ 6,183 $ 6,611 $ 11,417
Net earnings per common share:        
Basic (in dollars per share) $ 0.13 $ 0.25 $ 0.26 $ 0.45
Diluted (in dollars per share) $ 0.13 $ 0.25 $ 0.26 $ 0.45
Weighted average shares outstanding - basic (in shares) 25,207,569 25,156,653 25,201,205 25,150,289
Weighted average shares outstanding - diluted (in shares) 25,207,569 25,156,653 25,201,205 25,150,289