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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2018
Dec. 31, 2017
Interest and dividend income:        
Interest and fees on loans $ 18,934 $ 14,501 $ 36,460 $ 29,883
Interest on available-for-sale securities 425 267 784 533
Other interest and dividend income 970 492 1,851 1,022
Total interest and dividend income 20,329 15,260 39,095 31,438
Interest expense:        
Deposits 3,982 2,129 7,664 4,305
Federal Home Loan Bank advances 125 148 242 319
Subordinated debt 573 517 1,174 1,025
Obligation under capital lease agreements 6 9 14 21
Total interest expense 4,686 2,803 9,094 5,670
Net interest and dividend income before provision for loan losses 15,643 12,457 30,001 25,768
Provision for loan losses 101 437 633 792
Net interest and dividend income after provision for loan losses 15,542 12,020 29,368 24,976
Noninterest income:        
Fees for other services to customers 340 475 832 1,002
Gain on sales of SBA loans 942 341 1,793 1,361
Gain on sales of residential loans held for sale 104 255 279 545
Gain on sales of other loans 21 21
Net unrealized gain on equity securities 50 10
Gain (loss) on real estate owned, other repossessed collateral and premises and equipment, net (24) 11 (64) 11
Bank-owned life insurance income 110 111 219 223
Other noninterest income 23 14 29 23
Total noninterest income 1,545 1,228 3,098 3,186
Noninterest expense:        
Salaries and employee benefits 5,699 5,173 11,208 10,427
Occupancy and equipment expense 957 1,150 2,084 2,260
Professional fees 656 425 1,190 867
Data processing fees 830 624 1,431 1,227
Marketing expense 130 70 253 157
Loan acquisition and collection expense 585 368 1,024 733
FDIC insurance premiums 81 80 162 160
Intangible asset amortization 109 109 218 218
Other noninterest expense 856 564 1,687 1,228
Total noninterest expense 9,903 8,563 19,257 17,277
Income before income tax expense 7,184 4,685 13,209 10,885
Income tax expense 2,059 1,381 3,550 2,995
Net income $ 5,125 $ 3,304 $ 9,659 $ 7,890
Weighted-average shares outstanding:        
Basic (in shares) 9,048,397 8,924,495 9,022,161 8,883,003
Diluted (in shares) 9,201,557 9,168,084 9,192,643 9,129,010
Earnings per common share:        
Basic (in dollars per share) $ 0.57 $ 0.37 $ 1.07 $ 0.89
Diluted (in dollars per share) 0.56 0.36 1.05 0.86
Cash dividends declared per common share (in dollars per share) $ 0.01 $ 0.01 $ 0.02 $ 0.02