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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Mar. 31, 2021
Mar. 31, 2020
Interest income:        
Loans $ 11,567 $ 9,955 $ 33,525 $ 29,161
Investment securities - taxable 200 178 526 509
Mortgage-backed securities 981 1,327 3,021 3,832
Investment securities - tax exempt 2,010 1,771 5,945 5,129
Interest-bearing deposits and federal funds sold 30 206 58 611
Total interest income 14,788 13,437 43,075 39,242
Interest expense:        
Interest on deposits 951 2,239 3,393 6,494
Interest on borrowings 267 57 687 196
Total interest expense 1,218 2,296 4,080 6,690
Net interest income 13,570 11,141 38,995 32,552
Provision for loan losses 1,434 1,425 3,939 2,666
Net interest income after provision for loan losses 12,136 9,716 35,056 29,886
Noninterest income:        
Service charges on deposit accounts 815 1,034 2,555 3,270
Debit card fees 951 698 2,761 2,196
Investment services 174 120 551 433
E-commerce fees 25 24 82 90
Bank owned life insurance 173 0 173 0
Other operating income 223 250 711 719
Total noninterest income 2,361 2,126 6,833 6,708
Noninterest expense:        
Salaries and employee benefits 4,788 4,412 13,966 12,346
Occupancy expense 605 496 1,584 1,403
Equipment and furniture expense 168 191 483 598
Service and data processing fees 674 626 1,958 1,838
Computer software, supplies and support 368 285 1,001 791
Advertising and promotion 108 115 328 373
FDIC insurance premiums 204 159 552 132
Legal and professional fees 386 274 981 878
Other 1,066 670 2,187 1,826
Total noninterest expense 8,367 7,228 23,040 20,185
Income before provision for income taxes 6,130 4,614 18,849 16,409
Provision for income taxes 872 563 2,521 2,382
Net income $ 5,258 $ 4,051 $ 16,328 $ 14,027
Basic earnings per share (in dollars per share) $ 0.62 $ 0.47 $ 1.92 $ 1.64
Diluted earnings per share (in dollars per share) $ 0.62 $ 0.47 $ 1.92 $ 1.64
Basic average shares outstanding (in shares) 8,513,414 8,531,304 8,513,414 8,535,391
Diluted average shares outstanding (in shares) 8,513,414 8,531,304 8,513,414 8,535,391
Dividends per share (in dollars per share) $ 0.12 $ 0.11 $ 0.36 $ 0.33