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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2022
Interest Income      
Loans $ 222,512 $ 162,224 $ 111,495
Investment securities 6,877 5,324 2,197
Mortgage-backed securities 14,631 6,967 2,738
Other interest-earning assets 4,355 1,901 437
TOTAL INTEREST INCOME 248,375 176,416 116,867
Interest Expense      
Deposits 102,157 44,392 11,822
Securities sold under agreements to repurchase   213  
Advances from FHLB 4,993 3,627 792
Subordinated debt 1,742 1,439 686
TOTAL INTEREST EXPENSE 108,892 49,671 13,300
NET INTEREST INCOME 139,483 126,745 103,567
Provision for credit losses (Note 3) 3,600 17,061 1,487
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 135,883 109,684 102,080
Noninterest Income      
Deposit account charges and related fees 7,399 7,671 6,450
Bank card interchange income 5,744 5,260 4,224
Loan late charges 579 534 553
Loan servicing fees 1,277 1,483 946
Other loan fees 2,375 3,142 2,369
Net realized gains on sale of loans 713 875 1,598
Net realized losses on sale of AFS securities (1,489)    
Earnings on bank owned life insurance 1,911 1,516 1,168
Insurance brokerage commissions 1,217 1,228 608
Wealth management fees 3,166 2,178 1,814
Other income 1,952 2,317 1,473
TOTAL NONINTEREST INCOME 24,844 26,204 21,203
Noninterest Expense      
Compensation and benefits 53,253 46,896 35,611
Occupancy and equipment, net 14,405 11,220 9,248
Data processing expense 8,968 7,756 5,996
Telecommunications expense 1,928 1,679 1,273
Deposit insurance premiums 2,463 1,470 743
Legal and professional fees 1,731 4,051 1,362
Advertising 2,119 1,772 1,496
Postage and office supplies 1,237 1,197 823
Intangibles amortization 4,071 2,633 1,441
Foreclosed property expenses 148 90 522
Other operating expense 7,294 7,661 4,864
TOTAL NONINTEREST EXPENSE 97,617 86,425 63,379
INCOME BEFORE INCOME TAXES 63,110 49,463 59,904
Income Taxes (Note 9)      
Current 12,234 11,200 13,352
Deferred 694 (974) (617)
TOTAL INCOME TAXES 12,928 10,226 12,735
NET INCOME $ 50,182 $ 39,237 $ 47,169
Basic earnings per share $ 4.42 $ 3.86 $ 5.22
Diluted earnings per share 4.42 3.85 5.21
Dividends paid $ 0.84 $ 0.84 $ 0.80