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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
3 Months Ended 6 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2024
Dec. 31, 2023
Interest Income        
Loans $ 63,082,000 $ 55,137,000 $ 124,835,000 $ 108,111,000
Investment securities 1,483,000 1,776,000 3,105,000 3,489,000
Mortgage-backed securities 4,075,000 3,485,000 8,001,000 6,857,000
Other interest-earning assets 784,000 1,178,000 862,000 1,227,000
Total interest income 69,424,000 61,576,000 136,803,000 119,684,000
Interest Expense        
Deposits 29,538,000 25,444,000 58,334,000 45,812,000
Securities sold under agreements to repurchase 226,000 127,000 386,000 199,000
Advances from FHLB 1,099,000 1,079,000 2,425,000 2,918,000
Subordinated debt 418,000 440,000 853,000 874,000
Total interest expense 31,281,000 27,090,000 61,998,000 49,803,000
Net Interest Income 38,143,000 34,486,000 74,805,000 69,881,000
Provision for Credit Losses 932,000 900,000 3,091,000 1,800,000
Net Interest Income After Provision for Credit Losses 37,211,000 33,586,000 71,714,000 68,081,000
Noninterest Income        
Deposit account charges and related fees 2,237,000 1,784,000 4,421,000 3,574,000
Bank card interchange income 1,301,000 1,329,000 2,801,000 2,673,000
Loan late charges   146,000   259,000
Loan servicing fees 232,000 285,000 518,000 515,000
Other loan fees 944,000 644,000 2,007,000 1,001,000
Net realized gains on sale of loans 133,000 304,000 494,000 517,000
Net realized losses on sale of AFS securities   (682,000)   (682,000)
Earnings on bank owned life insurance 522,000 472,000 1,039,000 931,000
Insurance brokerage commissions 300,000 310,000 587,000 573,000
Wealth management fees 843,000 668,000 1,573,000 1,463,000
Other income 353,000 380,000 599,000 668,000
Total noninterest income 6,865,000 5,640,000 14,039,000 11,492,000
Noninterest Expense        
Compensation and benefits 13,737,000 12,961,000 28,134,000 25,610,000
Occupancy and equipment, net 3,585,000 3,478,000 7,274,000 6,992,000
Data processing expense 2,224,000 2,382,000 4,395,000 4,690,000
Telecommunications expense 354,000 465,000 782,000 996,000
Deposit insurance premiums 588,000 598,000 1,060,000 1,147,000
Legal and professional fees 619,000 387,000 1,827,000 803,000
Advertising 442,000 392,000 988,000 857,000
Postage and office supplies 283,000 283,000 589,000 586,000
Intangibles amortization 897,000 1,018,000 1,794,000 2,035,000
Foreclosed property expenses/losses 73,000 44,000 85,000 36,000
Other operating expense 2,074,000 1,852,000 3,790,000 3,816,000
Total noninterest expense 24,876,000 23,860,000 50,718,000 47,568,000
Income Before Income Taxes 19,200,000 15,366,000 35,035,000 32,005,000
Actual provision 4,547,000 3,173,000 7,925,000 6,660,000
Net Income $ 14,653,000 $ 12,193,000 $ 27,110,000 $ 25,345,000
Basic earnings per share $ 1.3 $ 1.08 $ 2.4 $ 2.24
Diluted earnings per share 1.3 1.07 2.4 2.23
Dividends paid per share $ 0.23 $ 0.21 $ 0.46 $ 0.42