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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2021
Dec. 31, 2020
INTEREST INCOME:        
Loans $ 26,861 $ 26,826 $ 54,555 $ 52,732
Investment securities 556 519 1,085 1,009
Mortgage-backed securities 609 478 1,186 1,012
Other interest-earning assets 70 48 130 89
Total interest income 28,096 27,871 56,956 54,842
INTEREST EXPENSE:        
Deposits 2,739 3,863 5,555 8,253
Advances from FHLB 169 347 445 727
Subordinated debt 130 134 260 271
Total interest expense 3,038 4,344 6,260 9,251
NET INTEREST INCOME 25,058 23,527 50,696 45,591
PROVISION (BENEFIT) FOR CREDIT LOSSES   1,000 (305) 2,000
NET INTEREST INCOME AFTER PROVISION (BENEFIT) FOR CREDIT LOSSES 25,058 22,527 51,001 43,591
NONINTEREST INCOME:        
Deposit account charges and related fees 1,623 1,360 3,184 2,699
Bank card interchange income 976 836 1,927 1,666
Loan late charges 172 138 279 280
Loan servicing fees 180 368 334 678
Other loan fees 500 305 951 632
Net realized gains on sale of loans 362 1,390 731 2,596
Earnings on bank owned life insurance 282 974 563 1,254
Other income 1,190 349 1,832 856
Total noninterest income 5,285 5,720 9,801 10,661
NONINTEREST EXPENSE:        
Compensation and benefits 8,323 7,545 16,522 15,265
Occupancy and equipment, net 2,198 1,866 4,311 3,837
Data processing expense 1,297 1,175 2,566 2,237
Telecommunications expense 318 308 639 622
Deposit insurance premiums 180 218 358 419
Legal and professional fees 356 236 590 434
Advertising 276 219 606 449
Postage and office supplies 186 195 381 388
Intangible amortization 338 338 677 718
Foreclosed property expenses/losses 302 38 334 88
Other operating expense 1,296 908 2,312 1,862
Total noninterest expense 15,070 13,046 29,296 26,319
INCOME BEFORE INCOME TAXES 15,273 15,201 31,506 27,933
INCOME TAXES 3,288 3,153 6,775 5,900
NET INCOME $ 11,985 $ 12,048 $ 24,731 $ 22,033
Basic earnings per share $ 1.35 $ 1.33 $ 2.78 $ 2.42
Diluted earnings per share 1.35 1.32 2.78 2.42
Dividends paid $ 0.20 $ 0.15 $ 0.40 $ 0.30