XML 18 R4.htm IDEA: XBRL DOCUMENT v3.25.0.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
6 Months Ended 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Jun. 30, 2024
Jun. 30, 2023
Interest and dividend income:        
Loans $ 41,773,000 $ 34,255,000 $ 72,378,000 $ 55,231,000
Securities 4,909,000 5,169,000 9,750,000 9,875,000
Interest-earning deposits with banks and other 2,150,000 2,218,000 6,188,000 5,927,000
Total interest and dividend income 48,832,000 41,642,000 88,316,000 71,033,000
Interest expense:        
Deposits 12,973,000 9,042,000 20,672,000 4,620,000
Borrowings and other 389,000 617,000 1,131,000 872,000
Total interest expense 13,362,000 9,659,000 21,803,000 5,492,000
Net interest income 35,470,000 31,983,000 66,513,000 65,541,000
Provision for credit losses 220,000 1,870,000 2,700,000  
Net interest income after provision for credit losses 35,250,000 30,113,000 63,813,000 65,541,000
Noninterest income:        
Bank fees and service charges 2,954,000 2,944,000 5,877,000 5,934,000
Insurance and wealth management services 4,938,000 4,737,000 9,313,000 7,053,000
Net gain on equity securities   349,000 735,000 374,000
Net gain (loss) on securities available for sale transactions 165,000 (5,645,000) (5,645,000)  
Litigation-related income   5,950,000 5,950,000  
Other 752,000 74,000 100,000 787,000
Total noninterest income 8,809,000 8,409,000 16,330,000 14,148,000
Noninterest expense:        
Salaries and employee benefits 15,893,000 14,381,000 29,225,000 27,421,000
Net occupancy and equipment 4,915,000 3,732,000 7,461,000 7,249,000
Data processing 1,955,000 2,503,000 4,554,000 4,561,000
Advertising and marketing 478,000 353,000 729,000 825,000
Insurance premiums 498,000 465,000 913,000 908,000
Federal Deposit Insurance Corporation insurance premiums 476,000 532,000 1,090,000 857,000
Professional fees 3,891,000 5,430,000 11,070,000 4,739,000
Other 3,542,000 2,803,000 5,692,000 5,274,000
Total noninterest expense 31,648,000 30,199,000 60,734,000 51,834,000
Income before income taxes 12,411,000 8,323,000 19,409,000 27,855,000
Income tax expense 2,811,000 1,712,000 4,149,000 5,907,000
Net income $ 9,600,000 $ 6,611,000 $ 15,260,000 $ 21,948,000
Net earnings per common share:        
Basic (in dollars per share) $ 0.38 $ 0.26 $ 0.61 $ 0.87
Diluted (in dollars per share) $ 0.38 $ 0.26 $ 0.61 $ 0.87
Weighted average shares outstanding - basic (in shares) 25,011,322 25,201,205 25,193,848 25,169,382
Weighted average shares outstanding - diluted (in shares) 25,098,384 25,201,205 25,223,114 25,169,382