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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
3 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Interest Income    
Loans $ 61,753,000 $ 52,974,000
Investment securities 1,621,000 1,713,000
Mortgage-backed securities 3,926,000 3,371,000
Other interest-earning assets 78,000 49,000
Total interest income 67,378,000 58,107,000
Interest Expense    
Deposits 28,796,000 20,368,000
Securities sold under agreements to repurchase 160,000 72,000
Advances from FHLB 1,326,000 1,838,000
Subordinated debt 435,000 435,000
Total interest expense 30,717,000 22,713,000
Net Interest Income 36,661,000 35,394,000
Provision for Credit Losses 2,159,000 900,000
Net Interest Income After Provision for Credit Losses 34,502,000 34,494,000
Noninterest Income    
Deposit account charges and related fees 2,184,000 1,791,000
Bank card interchange income 1,499,000 1,345,000
Loan late charges   113,000
Loan servicing fees 286,000 231,000
Other loan fees 1,063,000 357,000
Net realized gains on sale of loans 361,000 213,000
Earnings on bank owned life insurance 517,000 458,000
Insurance brokerage commissions 287,000 264,000
Wealth management fees 730,000 795,000
Other income 247,000 286,000
Total noninterest income 7,174,000 5,853,000
Noninterest Expense    
Compensation and benefits 14,397,000 12,649,000
Occupancy and equipment, net 3,689,000 3,515,000
Data processing expense 2,171,000 2,308,000
Telecommunications expense 428,000 531,000
Deposit insurance premiums 472,000 550,000
Legal and professional fees 1,208,000 416,000
Advertising 546,000 465,000
Postage and office supplies 306,000 302,000
Intangibles amortization 897,000 1,018,000
Foreclosed property expenses/losses 12,000 (8,000)
Other operating expense 1,715,000 1,963,000
Total noninterest expense 25,841,000 23,709,000
Income Before Income Taxes 15,835,000 16,638,000
Total Income Taxes 3,377,000 3,487,000
Net Income $ 12,458,000 $ 13,151,000
Basic earnings per share $ 1.10 $ 1.16
Diluted earnings per share 1.10 1.16
Dividends paid $ 0.23 $ 0.21