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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Mar. 31, 2020
Mar. 31, 2019
Interest and dividend income        
Loans, including fees $ 5,654 $ 4,115 $ 15,277 $ 12,123
Securities, taxable 488 566 1,478 1,641
Securities, tax-exempt 387 403 1,186 1,177
Federal bank and other restricted stocks 16 19 56 63
Federal funds sold and other interest-bearing deposits 61 16 103 73
Total interest and dividend income 6,606 5,119 18,100 15,077
Interest expense        
Deposits 918 749 2,773 1,881
Short-term borrowings 14 10 38 38
Federal Home Loan Bank advances 80 118 218 243
Total interest expense 1,012 877 3,029 2,162
Net interest income 5,594 4,242 15,071 12,915
Provision for loan losses 445 105 760 (555)
Net interest income after provision for loan losses 5,149 4,137 14,311 13,470
Noninterest income        
Noninterest income (in scope of Topic 606) 800 702 2,773 2,196
Bank owned life insurance death benefit 324
Bank owned life insurance income 65 66 199 203
Securities gains (losses), net 121 1 231 561
Other 199 157 617 535
Total noninterest income 1,107 860 3,601 3,299
Noninterest expenses        
Salaries and employee benefits 2,760 2,129 7,140 6,203
Occupancy and equipment 655 543 1,782 1,546
Data processing expenses 206 154 732 461
Debit card processing expenses 204 182 599 565
Professional and director fees 414 140 804 481
FDIC assessments 54 38 52 114
Franchise taxes 106 89 296 266
Marketing and advertising 125 87 399 322
Telephone and network communications 79 65 223 201
Amortization of intangible 7 7
Other 464 385 1,280 1,217
Total noninterest expenses 5,074 3,812 13,314 11,376
Income before income taxes 1,182 1,185 4,598 5,393
Income tax expense 164 150 637 836
Net income $ 1,018 $ 1,035 $ 3,961 $ 4,557
Basic and diluted earnings per share (in dollars per share) $ 0.34 $ 0.38 $ 1.40 $ 1.67
Deposit Account [Member]        
Noninterest income        
Noninterest income (in scope of Topic 606) $ 355 $ 298 $ 1,088 $ 935
Debit Card [Member]        
Noninterest income        
Noninterest income (in scope of Topic 606) $ 367 $ 338 $ 1,142 $ 1,065