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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2021
Interest Income      
Loans $ 162,224 $ 111,495 $ 105,077
Investment securities 5,324 2,197 2,130
Mortgage-backed securities 6,967 2,738 2,042
Other interest-earning assets 1,901 437 226
TOTAL INTEREST INCOME 176,416 116,867 109,475
Interest Expense      
Deposits 44,392 11,822 14,889
Securities sold under agreements to repurchase 213    
Advances from FHLB 3,627 792 1,366
Subordinated debt 1,439 686 534
TOTAL INTEREST EXPENSE 49,671 13,300 16,789
NET INTEREST INCOME 126,745 103,567 92,686
Provision (benefit) for credit losses (Note 3) 17,061 1,487 (1,024)
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 109,684 102,080 93,710
Noninterest Income      
Deposit account charges and related fees 7,671 6,450 5,254
Bank card interchange income 5,260 4,224 3,913
Loan late charges 534 553 587
Loan servicing fees 1,483 946 1,454
Other loan fees 3,142 2,369 1,200
Net realized gains on sale of loans 875 1,598 3,980
Net realized gains on sale of AFS securities     90
Earnings on bank owned life insurance 1,516 1,168 1,800
Other income 5,723 3,895 1,764
TOTAL NONINTEREST INCOME 26,204 21,203 20,042
Noninterest Expense      
Compensation and benefits 46,896 35,611 31,010
Occupancy and equipment, net 11,220 9,248 7,880
Data processing expense 7,756 5,996 4,812
Telecommunications expense 1,679 1,273 1,261
Deposit insurance premiums 1,470 743 766
Legal and professional fees 4,051 1,362 1,093
Advertising 1,772 1,496 1,080
Postage and office supplies 1,197 823 796
Intangibles amortization 2,633 1,441 1,395
Foreclosed property expenses/losses 90 522 142
Other operating expense 7,661 4,864 3,812
TOTAL NONINTEREST EXPENSE 86,425 63,379 54,047
INCOME BEFORE INCOME TAXES 49,463 59,904 59,705
Income Taxes      
Current 11,200 13,352 10,844
Deferred (974) (617) 1,681
TOTAL INCOME TAXES 10,226 12,735 12,525
NET INCOME $ 39,237 $ 47,169 $ 47,180
Basic earnings per share $ 3.86 $ 5.22 $ 5.22
Diluted earnings per share 3.85 5.21 5.22
Dividends paid $ 0.84 $ 0.80 $ 0.62