Loans and Allowance for Credit Losses (Tables)

6 Months Ended

Dec. 31, 2024

Loans and Allowance for Credit Losses

Schedule of classes of loans

(dollars in thousands)	December 31, 2024		June 30, 2024
1-4 residential real estate	$	967,196	$	925,397
Non-owner occupied commercial real estate		882,484		899,770
Owner occupied commercial real estate		435,392		427,476
Multi-family real estate		376,081		384,564
Construction and land development		393,388		290,541
Agriculture real estate		239,912		232,520
Total loans secured by real estate		3,294,453		3,160,268
Commercial and industrial		484,799		450,147
Agriculture production		188,284		175,968
Consumer		56,017		59,671
All other loans		3,628		3,981
Gross loans		4,027,181		3,850,035
Deferred loan fees, net		(202)		(232)
Allowance for credit losses		(54,740)		(52,516)
Net loans	$	3,972,239	$	3,797,287

Schedule of balance in the allowance for loan losses and the recorded investment in loans based on portfolio segment and impairment methods

	At period end and for the six months ended December 31, 2024
	Balance		Provision						Balance
	beginning		(benefit) charged		Losses				end
(dollars in thousands)	of period		to expense		charged off		Recoveries		of period
Allowance for credit losses on loans:
1-4 residential real estate	$	10,528	$	2,140	$	(50)	$	46	$	12,664
Non-owner occupied commercial real estate		19,055		(5,395)		—		—		13,660
Owner occupied commercial real estate		4,815		1,014		(122)		—		5,707
Multi-family real estate		5,447		231		—		47		5,725
Construction and land development		2,901		1,817		(1)		—		4,717
Agriculture real estate		2,107		410		—		—		2,517
Commercial and industrial		6,233		1,858		(65)		37		8,063
Agriculture production		835		225		—		—		1,060
Consumer		578		215		(201)		11		603
All other loans		17		7		—		—		24
Total	$	52,516	$	2,522	$	(439)	$	141	$	54,740

	At period end and for the three months ended December 31, 2024
	Balance		Provision						Balance
	beginning		(benefit) charged		Losses				end
(dollars in thousands)	of period		to expense		charged off		Recoveries		of period
Allowance for credit losses on loans:
1-4 residential real estate	$	10,637	$	1,983	$	(2)	$	46	$	12,664
Non-owner occupied commercial real estate		20,728		(7,068)		—		—		13,660
Owner occupied commercial real estate		4,814		1,015		(122)		—		5,707
Multi-family real estate		5,118		607		—		—		5,725
Construction and land development		3,675		1,043		(1)		—		4,717
Agriculture real estate		2,027		490		—		—		2,517
Commercial and industrial		6,114		1,943		(26)		32		8,063
Agriculture production		784		276		—		—		1,060
Consumer		526		202		(129)		4		603
All other loans		14		10		—		—		24
Total	$	54,437	$	501	$	(280)	$	82	$	54,740

	At period end and for the six months ended December 31, 2023
	Balance		Provision						Balance
	beginning		(benefit) charged		Losses				end
(dollars in thousands)	of period		to expense		charged off		Recoveries		of period
Allowance for credit losses on loans:
1-4 residential real estate	$	9,474	$	108	$	(41)	$	33	$	9,574
Non-owner occupied commercial real estate		13,863		3,232		(496)		—		16,599
Owner occupied commercial real estate		5,168		(354)		—		—		4,814
Multi-family real estate		6,806		(521)		(97)		—		6,188
Construction and land development		3,414		496		(289)		18		3,639
Agriculture real estate		2,567		(188)		—		—		2,379
Commercial and industrial		5,235		794		(185)		6		5,850
Agriculture production		782		(212)		—		—		570
Consumer		490		141		(208)		31		454
All other loans		21		(4)		—		—		17
Balance, end of period	$	47,820	$	3,492	$	(1,316)	$	88	$	50,084

	At period end and for the three months ended December 31, 2023
	Balance		Provision						Balance
	beginning		(benefit) charged		Losses				end
(dollars in thousands)	of period		to expense		charged off		Recoveries		of period
Allowance for credit losses on loans:
1-4 residential real estate	$	9,371	$	209	$	(6)	$	—	$	9,574
Non-owner occupied commercial real estate		16,504		591		(496)		—		16,599
Owner occupied commercial real estate		4,879		(65)		—		—		4,814
Multi-family real estate		6,097		91		—		—		6,188
Construction and land development		3,545		272		(178)		—		3,639
Agriculture real estate		2,426		(47)		—		—		2,379
Commercial and industrial		5,134		894		(180)		2		5,850
Agriculture production		697		(127)		—		—		570
Consumer		453		103		(120)		18		454
All other loans		16		1		—		—		17
Balance, end of period	$	49,122	$	1,922	$	(980)	$	20	$	50,084

Schedule of allowance for off-balance credit exposure

	At period end and for the six months ended December 31, 2024
	Balance		Provision		Balance
	beginning		(benefit) charged		end
(dollars in thousands)	of period		to expense		of period
Allowance for off-balance sheet credit exposure:
1-4 residential real estate	$	140	$	89	$	229
Non-owner occupied commercial real estate		153		32		185
Owner occupied commercial real estate		136		33		169
Multi-family real estate		31		34		65
Construction and land development		1,912		53		1,965
Agriculture real estate		60		(6)		54
Commercial and industrial		782		250		1,032
Agriculture production		37		90		127
Consumer		12		(6)		6
All other loans		—		—		—
Total	$	3,263	$	569	$	3,832

	At period end and for the three months ended December 31, 2024
	Balance		Provision		Balance
	beginning		(benefit) charged		end
(dollars in thousands)	of period		to expense		of period
Allowance for off-balance sheet credit exposure:
1-4 residential real estate	$	170	$	59	$	229
Non-owner occupied commercial real estate		175		10		185
Owner occupied commercial real estate		122		47		169
Multi-family real estate		34		31		65
Construction and land development		2,000		(35)		1,965
Agriculture real estate		52		2		54
Commercial and industrial		802		230		1,032
Agriculture production		34		93		127
Consumer		12		(6)		6
All other loans		—		—		—
Total	$	3,401	$	431	$	3,832

	At period end and for the six months ended December 31, 2023
	Balance		Provision		Balance
	beginning		(benefit) charged		end
(dollars in thousands)	of period		to expense		of period
Allowance for off-balance sheet credit exposure:
1-4 residential real estate	$	126	$	10	$	136
Non-owner occupied commercial real estate		154		(3)		151
Owner occupied commercial real estate		182		(7)		175
Multi-family real estate		16		(7)		9
Construction and land development		4,897		(1,718)		3,179
Agriculture real estate		50		(3)		47
Commercial and industrial		730		(2)		728
Agriculture production		107		50		157
Consumer		16		(2)		14
All other loans		10		(10)		—
Total	$	6,288	$	(1,692)	$	4,596

	At period end and for the three months ended December 31, 2023
	Balance		Provision		Balance
	beginning		(benefit) charged		end
(dollars in thousands)	of period		to expense		of period
Allowance for off-balance sheet credit exposure:
1-4 residential real estate	$	131	$	5	$	136
Non-owner occupied commercial real estate		154		(3)		151
Owner occupied commercial real estate		180		(5)		175
Multi-family real estate		15		(6)		9
Construction and land development		4,285		(1,106)		3,179
Agriculture real estate		39		8		47
Commercial and industrial		767		(39)		728
Agriculture production		23		134		157
Consumer		17		(3)		14
All other loans		7		(7)		—
Total	$	5,618	$	(1,022)	$	4,596

Schedule of Gross charge-offs by loan class and year of origination

													Revolving
(dollars in thousands)	2025		2024		2023		2022		2021		Prior		loans		Total
December 31, 2024
1-4 residential real estate	$	—	$	—	$	—	$	—	$	—	$	50	$	—	$	50
Owner occupied commercial real estate		—		—		122		—		—		—		—		122
Construction and land development		—		—		—		—		1		—		—		1
Commercial and industrial		—		16		38		—		—		11		—		65
Consumer		—		98		65		35		3		—		—		201
Total gross charge-offs	$	—	$	114	$	225	$	35	$	4	$	61	$	—	$	439

													Revolving
(dollars in thousands)	2024		2023		2022		2021		2020		Prior		loans		Total
December 31, 2023
1-4 residential real estate	$	—	$	—	$	6	$	—	$	—	$	35	$	—	$	41
Non-owner occupied commercial real estate		—		496		—		—		—		—		—		496
Multi-family real estate		—		—		—		97		—		—		—		97
Construction and land development		—		100		78		111		—		—		—		289
Commercial and industrial		—		5		180		—		—		—		—		185
Consumer		6		97		79		20		—		6		—		208
Total gross charge-offs	$	6	$	698	$	343	$	228	$	—	$	41	$	—	$	1,316

Schedule of credit risk profile of the Company's loan portfolio based on rating category and payment activity

													Revolving
(dollars in thousands)	2025		2024		2023		2022		2021		Prior		loans		Total
1-4 residential real estate
Pass	$	119,788	$	135,773	$	143,747	$	178,615	$	133,271	$	143,936	$	105,962	$	961,092
Watch		146		690		335		328		201		261		—		1,961
Special Mention		—		—		—		—		—		—		—		—
Substandard		954		494		30		682		565		1,170		248		4,143
Doubtful		—		—		—		—		—		—		—		—
Total 1-4 residential real estate	$	120,888	$	136,957	$	144,112	$	179,625	$	134,037	$	145,367	$	106,210	$	967,196
Non-owner occupied commercial real estate
Pass	$	51,464	$	98,905	$	224,508	$	283,746	$	84,796	$	80,202	$	8,198	$	831,819
Watch		5,071		1,770		15,454		202		1,510		1,378		—		25,385
Special Mention		—		—		—		—		—		—		—		—
Substandard		—		—		42		25,238		—		—		—		25,280
Doubtful		—		—		—		—		—		—		—		—
Total Non-owner occupied commercial real estate	$	56,535	$	100,675	$	240,004	$	309,186	$	86,306	$	81,580	$	8,198	$	882,484
Owner occupied commercial real estate
Pass	$	37,467	$	56,609	$	87,988	$	84,846	$	79,371	$	54,046	$	20,179	$	420,506
Watch		606		1,071		6,614		1,151		148		1,156		500		11,246
Special Mention		—		—		—		—		—		—		—		—
Substandard		—		1,802		—		930		—		425		483		3,640
Doubtful		—		—		—		—		—		—		—		—
Total Owner occupied commercial real estate	$	38,073	$	59,482	$	94,602	$	86,927	$	79,519	$	55,627	$	21,162	$	435,392
Multi-family real estate
Pass	$	44,151	$	19,603	$	147,791	$	77,287	$	71,706	$	14,418	$	1,125	$	376,081
Watch		—		—		—		—		—		—		—		—
Special Mention		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		—		—
Doubtful		—		—		—		—		—		—		—		—
Total Multi-family real estate	$	44,151	$	19,603	$	147,791	$	77,287	$	71,706	$	14,418	$	1,125	$	376,081
Construction and land development
Pass	$	113,678	$	82,003	$	157,946	$	27,040	$	2,322	$	2,375	$	1,892	$	387,256
Watch		4,949		—		—		124		—		69		—		5,142
Special Mention		—		—		—		—		—		—		—		—
Substandard		990		—		—		—		—		—		—		990
Doubtful		—		—		—		—		—		—		—		—
Total Construction and land development	$	119,617	$	82,003	$	157,946	$	27,164	$	2,322	$	2,444	$	1,892	$	393,388
Agriculture real estate
Pass	$	24,666	$	34,110	$	42,486	$	52,165	$	46,195	$	16,810	$	19,869	$	236,301
Watch		—		248		91		109		—		259		—		707
Special Mention		—		—		—		—		—		—		—		—
Substandard		35		2,312		281		—		276		—		—		2,904
Doubtful		—		—		—		—		—		—		—		—
Total Agriculture real estate	$	24,701	$	36,670	$	42,858	$	52,274	$	46,471	$	17,069	$	19,869	$	239,912
Commercial and industrial
Pass	$	98,595	$	86,134	$	50,804	$	37,339	$	20,757	$	8,098	$	174,451	$	476,178
Watch		3,988		200		847		37		255		16		804		6,147
Special Mention		—		—		—		—		—		—		—		—
Substandard		97		177		202		966		39		743		250		2,474
Doubtful		—		—		—		—		—		—		—		—
Total Commercial and industrial	$	102,680	$	86,511	$	51,853	$	38,342	$	21,051	$	8,857	$	175,505	$	484,799
Agriculture production
Pass	$	20,471	$	32,054	$	9,814	$	3,642	$	5,682	$	2,056	$	114,069	$	187,788
Watch		137		71		—		—		—		—		217		425
Special Mention		—		—		—		—		—		—		—		—
Substandard		38		—		4		—		17		12		—		71
Doubtful		—		—		—		—		—		—		—		—
Total Agriculture production	$	20,646	$	32,125	$	9,818	$	3,642	$	5,699	$	2,068	$	114,286	$	188,284

Consumer
Pass	$	17,680	$	17,925	$	12,255	$	4,614	$	1,438	$	271	$	1,754	$	55,937
Watch		—		—		—		—		—		—		—		—
Special Mention		—		—		—		—		—		—		—		—
Substandard		6		27		16		1		30		—		—		80
Doubtful		—		—		—		—		—		—		—		—
Total Consumer	$	17,686	$	17,952	$	12,271	$	4,615	$	1,468	$	271	$	1,754	$	56,017
All other loans
Pass	$	131	$	1,000	$	578	$	82	$	210	$	1,627	$	—	$	3,628
Watch		—		—		—		—		—		—		—		—
Special Mention		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		—		—
Doubtful		—		—		—		—		—		—		—		—
Total All other loans	$	131	$	1,000	$	578	$	82	$	210	$	1,627	$	—	$	3,628
Total Loans
Pass	$	528,091	$	564,116	$	877,917	$	749,376	$	445,748	$	323,839	$	447,499	$	3,936,586
Watch		14,897		4,050		23,341		1,951		2,114		3,139		1,521		51,013
Special Mention		—		—		—		—		—		—		—		—
Substandard		2,120		4,812		575		27,817		927		2,350		981		39,582
Doubtful		—		—		—		—		—		—		—		—
Total	$	545,108	$	572,978	$	901,833	$	779,144	$	448,789	$	329,328	$	450,001	$	4,027,181

													Revolving
(dollars in thousands)	2024		2023		2022		2021		2020		Prior		loans		Total
1-4 residential real estate
Pass	$	167,734	$	157,530	$	195,002	$	142,721	$	66,292	$	92,728	$	99,365	$	921,372
Watch		877		289		87		396		98		23		—		1,770
Special Mention		—		—		—		—		—		—		—		—
Substandard		686		797		243		183		30		294		22		2,255
Doubtful		—		—		—		—		—		—		—		—
Total 1-4 residential real estate	$	169,297	$	158,616	$	195,332	$	143,300	$	66,420	$	93,045	$	99,387	$	925,397
Non-owner occupied commercial real estate
Pass	$	120,914	$	232,802	$	294,138	$	102,380	$	33,691	$	55,190	$	6,470	$	845,585
Watch		4,658		16,232		209		1,513		4,443		1,404		—		28,459
Special Mention		—		—		—		—		—		—		—		—
Substandard		—		43		25,683		—		—		—		—		25,726
Doubtful		—		—		—		—		—		—		—		—
Total Non-owner occupied commercial real estate	$	125,572	$	249,077	$	320,030	$	103,893	$	38,134	$	56,594	$	6,470	$	899,770
Owner occupied commercial real estate
Pass	$	63,251	$	98,776	$	89,361	$	86,975	$	25,664	$	26,124	$	20,147	$	410,298
Watch		1,252		6,492		1,178		154		—		1,181		520		10,777
Special Mention		—		—		—		—		—		—		—		—
Substandard		3,233		—		2,199		—		—		428		541		6,401
Doubtful		—		—		—		—		—		—		—		—
Total Owner occupied commercial real estate	$	67,736	$	105,268	$	92,738	$	87,129	$	25,664	$	27,733	$	21,208	$	427,476
Multi-family real estate
Pass	$	36,518	$	157,471	$	86,171	$	77,545	$	21,438	$	5,341	$	80	$	384,564
Watch		—		—		—		—		—		—		—		—
Special Mention		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		—		—
Doubtful		—		—		—		—		—		—		—		—
Total Multi-family real estate	$	36,518	$	157,471	$	86,171	$	77,545	$	21,438	$	5,341	$	80	$	384,564
Construction and land development
Pass	$	104,162	$	143,538	$	27,524	$	4,379	$	3,887	$	679	$	1,518	$	285,687
Watch		652		2,906		131		—		—		—		—		3,689

Special Mention		—		—		—		—		—		—		—		—
Substandard		1,129		36		—		—		—		—		—		1,165
Doubtful		—		—		—		—		—		—		—		—
Total Construction and land development	$	105,943	$	146,480	$	27,655	$	4,379	$	3,887	$	679	$	1,518	$	290,541
Agriculture real estate
Pass	$	39,491	$	46,387	$	56,407	$	49,334	$	9,947	$	9,238	$	18,003	$	228,807
Watch		281		100		197		—		259		—		—		837
Special Mention		—		—		—		—		—		—		—		—
Substandard		2,265		281		—		283		—		—		47		2,876
Doubtful		—		—		—		—		—		—		—		—
Total Agriculture real estate	$	42,037	$	46,768	$	56,604	$	49,617	$	10,206	$	9,238	$	18,050	$	232,520
Commercial and industrial
Pass	$	116,173	$	60,404	$	43,205	$	43,879	$	3,145	$	4,863	$	174,181	$	445,850
Watch		1,031		250		43		—		—		228		404		1,956
Special Mention		—		—		—		—		—		—		—		—
Substandard		272		275		859		—		116		769		50		2,341
Doubtful		—		—		—		—		—		—		—		—
Total Commercial and industrial	$	117,476	$	60,929	$	44,107	$	43,879	$	3,261	$	5,860	$	174,635	$	450,147
Agriculture production
Pass	$	40,980	$	11,288	$	4,115	$	6,159	$	1,965	$	229	$	110,396	$	175,132
Watch		170		37		204		—		—		127		217		755
Special Mention		—		—		—		—		—		—		—		—
Substandard		5		23		9		17		—		27		—		81
Doubtful		—		—		—		—		—		—		—		—
Total Agriculture production	$	41,155	$	11,348	$	4,328	$	6,176	$	1,965	$	383	$	110,613	$	175,968
Consumer
Pass	$	30,317	$	17,318	$	6,547	$	2,268	$	467	$	54	$	2,683	$	59,654
Watch		—		—		—		—		—		—		—		—
Special Mention		—		—		—		—		—		—		—		—
Substandard		—		3		11		3		—		—		—		17
Doubtful		—		—		—		—		—		—		—		—
Total Consumer	$	30,317	$	17,321	$	6,558	$	2,271	$	467	$	54	$	2,683	$	59,671
All other loans
Pass	$	1,139	$	644	$	122	$	217	$	43	$	1,816	$	—	$	3,981
Watch		—		—		—		—		—		—		—		—
Special Mention		—		—		—		—		—		—		—		—
Substandard		—		—		—		—		—		—		—		—
Doubtful		—		—		—		—		—		—		—		—
Total All other loans	$	1,139	$	644	$	122	$	217	$	43	$	1,816	$	—	$	3,981
Total Loans
Pass	$	720,679	$	926,158	$	802,592	$	515,857	$	166,539	$	196,262	$	432,843	$	3,760,930
Watch		8,921		26,306		2,049		2,063		4,800		2,963		1,141		48,243
Special Mention		—		—		—		—		—		—		—		—
Substandard		7,590		1,458		29,004		486		146		1,518		660		40,862
Doubtful		—		—		—		—		—		—		—		—
Total	$	737,190	$	953,922	$	833,645	$	518,406	$	171,485	$	200,743	$	434,644	$	3,850,035

Schedule of company's loan portfolio aging analysis

	December 31, 2024
					Greater Than								Greater Than 90
	30-59 Days		60-89 Days		90 Days		Total				Total Loans		Days Past Due
(dollars in thousands)	Past Due		Past Due		Past Due		Past Due		Current		Receivable		and Accruing
1-4 residential real estate	$	841	$	1,777	$	2,863	$	5,481	$	961,715	$	967,196	$	—
Non-owner occupied commercial real estate		—		64		—		64		882,420		882,484		—
Owner occupied commercial real estate		1,225		89		143		1,457		433,935		435,392		—
Multi-family real estate		—		—		—		—		376,081		376,081		—
Construction and land development		299		31		—		330		393,058		393,388		—
Agriculture real estate		—		—		1,825		1,825		238,087		239,912		—
Commercial and industrial		1,221		541		1,676		3,438		481,361		484,799		—
Agriculture production		55		60		—		115		188,169		188,284		—
Consumer		456		112		74		642		55,375		56,017		—
All other loans		—		—		—		—		3,628		3,628		—
Total loans	$	4,097	$	2,674	$	6,581	$	13,352	$	4,013,829	$	4,027,181	$	—

	June 30, 2024
					Greater Than								Greater Than 90
	30-59 Days		60-89 Days		90 Days		Total				Total Loans		Days Past Due
(dollars in thousands)	Past Due		Past Due		Past Due		Past Due		Current		Receivable		and Accruing
1-4 residential real estate	$	890	$	2,087	$	664	$	3,641	$	921,756	$	925,397	$	—
Non-owner occupied commercial real estate		107		—		—		107		899,663		899,770		—
Owner occupied commercial real estate		305		—		1,060		1,365		426,111		427,476		—
Multi-family real estate		—		—		—		—		384,564		384,564		—
Construction and land development		251		377		—		628		289,913		290,541		—
Agriculture real estate		573		—		35		608		231,912		232,520		—
Commercial and industrial		641		83		1,335		2,059		448,088		450,147		—
Agriculture production		50		—		344		394		175,574		175,968		—
Consumer		311		74		14		399		59,272		59,671		—
All other loans		—		—		—		—		3,981		3,981		—
Total loans	$	3,128	$	2,621	$	3,452	$	9,201	$	3,840,834	$	3,850,035	$	—

Schedule of company's collateral dependent loans and related ACL

											Allowance on
(dollars in thousands)	Commercial		Residential		Construction and						Collateral
December 31, 2024	Real Estate		Real Estate		Land Development		Other		Total		Dependent Loans
1-4 residential real estate	$	—	$	784	$	—	$	—	$	784	$	103
Non-owner occupied commercial real estate		23,099		—		—		—		23,099		3,604
Owner occupied commercial real estate		543		—		—		—		543		208
Construction and land development		—		—		961		—		961		—
Commercial and industrial		—		—		—		2,386		2,386		827
Total loans	$	23,642	$	784	$	961	$	2,386	$	27,773	$	4,742

											Allowance on
(dollars in thousands)	Commercial		Residential		Construction and						Collateral
June 30, 2024	Real Estate		Real Estate		Land Development		Other		Total		Dependent Loans
1-4 residential real estate	$	—	$	797	$	—	$	—	$	797	$	116
Non-owner occupied commercial real estate		23,457		—		—		—		23,457		10,175
Commercial and industrial		—		—		—		2,705		2,705		635
Total loans	$	23,457	$	797	$	—	$	2,705	$	26,959	$	10,926

Schedule of company's nonaccrual loans

(dollars in thousands)	December 31, 2024		June 30, 2024
1-4 residential real estate	$	3,404	$	1,391
Owner occupied commercial real estate		281		1,102
Construction and land development		97		108
Agriculture real estate		1,825		1,896
Commercial and industrial		2,339		1,703
Agriculture production		286		461
Consumer		77		19
Total loans	$	8,309	$	6,680

Schedule of performing loans classified as modifications to borrowers experiencing financial difficulty

	December 31, 2023
					Term		Interest		Total Class of
	Principal		Payment		Extension		Rate		Financing
	Forgiveness		Delays		Modifications		Reduction		Receivable
(dollars in thousands)
1-4 residential real estate	$	—	$	—	$	—	$	—	—	%
Non-owner occupied commercial real estate		—		—		—		—	—	%
Owner occupied commercial real estate		—		—		—		—	—	%
Multi-family real estate		—		—		—		—	—	%
Construction and land development		—		—		—		—	—	%
Agriculture real estate		—		—		—		—	—	%
Commercial and industrial		—		867		—		—	0.19	%
Agriculture production		—		—		—		—	—	%
Consumer		—		—		—		—	—	%
All other loans		—		—		—		—	—	%
Total	$	—	$	867	$	—	$	—	0.02	%