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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
3 Months Ended 9 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Mar. 31, 2025
Mar. 31, 2024
Interest Income        
Loans $ 62,656,000 $ 55,952,000 $ 187,492,000 $ 164,063,000
Investment securities 1,368,000 1,729,000 4,472,000 5,217,000
Mortgage-backed securities 4,316,000 3,757,000 12,317,000 10,614,000
Other interest-earning assets 1,585,000 2,587,000 2,447,000 3,813,000
Total interest income 69,925,000 64,025,000 206,728,000 183,707,000
Interest Expense        
Deposits 28,795,000 27,893,000 87,129,000 73,705,000
Securities sold under agreements to repurchase 189,000 128,000 575,000 327,000
Advances from FHLB 1,076,000 1,060,000 3,501,000 3,978,000
Subordinated debt 386,000 435,000 1,239,000 1,309,000
Total interest expense 30,446,000 29,516,000 92,444,000 79,319,000
Net Interest Income 39,479,000 34,509,000 114,284,000 104,388,000
Provision for Credit Losses 932,000 900,000 4,023,000 2,700,000
Net Interest Income After Provision for Credit Losses 38,547,000 33,609,000 110,261,000 101,688,000
Noninterest Income        
Deposit account charges and related fees 2,048,000 1,847,000 6,469,000 5,421,000
Bank card interchange income 1,341,000 1,301,000 4,142,000 3,974,000
Loan late charges   150,000   409,000
Loan servicing fees 224,000 267,000 741,000 783,000
Other loan fees 843,000 757,000 2,851,000 1,758,000
Net realized gains on sale of loans 114,000 99,000 608,000 616,000
Net realized gains (losses) on sale of AFS securities 48,000 (807,000) 48,000 (1,489,000)
Earnings on bank owned life insurance 512,000 483,000 1,551,000 1,413,000
Insurance brokerage commissions 340,000 312,000 927,000 886,000
Wealth management fees 902,000 866,000 2,475,000 2,329,000
Other income 294,000 309,000 893,000 977,000
Total noninterest income 6,666,000 5,584,000 20,705,000 17,077,000
Noninterest Expense        
Compensation and benefits 13,771,000 13,750,000 41,906,000 39,360,000
Occupancy and equipment, net 3,869,000 3,623,000 11,143,000 10,615,000
Data processing expense 2,359,000 2,349,000 6,754,000 7,039,000
Telecommunications expense 330,000 464,000 1,111,000 1,460,000
Deposit insurance premiums 674,000 677,000 1,734,000 1,824,000
Legal and professional fees 603,000 412,000 2,430,000 1,215,000
Advertising 530,000 622,000 1,518,000 1,479,000
Postage and office supplies 350,000 344,000 939,000 929,000
Intangibles amortization 889,000 1,018,000 2,683,000 3,053,000
Foreclosed property expenses/losses 37,000 60,000 123,000 96,000
Other operating expense 1,979,000 1,730,000 5,768,000 5,546,000
Total noninterest expense 25,391,000 25,049,000 76,109,000 72,616,000
Income Before Income Taxes 19,822,000 14,144,000 54,857,000 46,149,000
Current 4,139,000 2,417,000 12,065,000 9,077,000
Deferred   420,000   420,000
Total Income Taxes 4,139,000 2,837,000 12,065,000 9,497,000
Net Income $ 15,683,000 $ 11,307,000 $ 42,792,000 $ 36,652,000
Basic earnings per share $ 1.39 $ 1 $ 3.79 $ 3.23
Diluted earnings per share 1.39 0.99 3.79 3.22
Dividends paid per share $ 0.23 $ 0.21 $ 0.69 $ 0.63