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Condensed Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Interest Income:    
Loans $ 25,640 $ 20,916
Investment securities 520 517
Mortgage-backed securities 716 584
Other interest-earning assets 46 25
Total interest income 26,922 22,042
Interest Expense:    
Deposits 6,578 4,009
Securities sold under agreements to repurchase 0 8
Advances from FHLB of Des Moines 522 599
Note payable 37 35
Subordinated debt 225 224
Total interest expense 7,362 4,875
NET INTEREST INCOME 19,560 17,167
PROVISION FOR LOAN LOSSES 896 682
Net Interest Income After Provision for Loan Losses 18,664 16,485
NONINTEREST INCOME:    
Deposit account charges and related fees 1,423 1,224
Bank card interchange income 1,362 1,063
Loan late charges 146 94
Loan servicing fees 130 159
Other loan fees 243 337
Net realized gains on sale of loans 273 179
Earnings on bank owned life insurance 254 246
Other income 270 128
Total noninterest income 4,101 3,430
NONINTEREST EXPENSE:    
Compensation and benefits 7,125 6,047
Occupancy and equipment, net 2,888 2,470
Deposit insurance premiums 0 138
Legal and professional fees 184 256
Advertising 309 315
Postage and office supplies 183 152
Intangible amortization 441 396
Bank card network expense 617 495
Other operating expense 1,214 1,180
Total noninterest expense 12,961 11,449
INCOME BEFORE INCOME TAXES 9,804 8,466
Income Tax Expense (Benefit) 1,976 1,666
Net Income $ 7,828 $ 6,800
Basic earnings per common share $ 0.85 $ 0.76
Diluted earnings per common share 0.85 0.76
Dividends paid $ 0.15 $ 0.13