Income Taxes (Tables)

12 Months Ended

Jun. 30, 2022

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax Expense

Income tax expense as of the dates indicated consisted of:

	Year Ended June 30,
	2022		2021		2020
Current
Federal	$	2,411	$	(340)	$	80
State	730		188		748
Total current expense (benefit)	3,141		(152)		828
Deferred
Federal	5,992		3,374		5,184
State	592		199		12
Total deferred expense	6,584		3,573		5,196
Total income tax expense	$	9,725	$	3,421	$	6,024

Schedule of Effective Income Tax Rate Reconciliation

The provision for income taxes differs from the amount of income tax determined by applying the applicable U.S. statutory federal income tax rate to income before income taxes as a result of the following differences for the periods indicated:

	Year Ended June 30,
	2022				2021				2020
	Amount		Rate		Amount		Rate		Amount		Rate
Tax at federal income tax rate	$	9,529	21	%	$	4,010	21	%	$	6,049	21	%
Increase (decrease) resulting from
Tax exempt income	(844)		(2)		(911)		(5)		(872)		(3)
State tax, net of federal benefit	818		2		306		2		600		2
Other	222		—		16		—		247		1
Total	$	9,725	21	%	$	3,421	18	%	$	6,024	21	%

Schedule of Deferred Tax Assets and Liabilities

The sources and tax effects of temporary differences that give rise to significant portions of the deferred tax assets (liabilities) at June 30, 2022 and 2021 are presented below:

	June 30,
	2022		2021
Deferred tax assets
Allowance for credit losses	$	8,796	$	8,158
Deferred compensation and post-retirement benefits	8,407		8,349
Impairments on real estate owned	61		110
Other than temporary impairment on investments	—		2,205
Net operating loss carryforward	3,353		4,489
Discount from business combinations	1,228		2,474
Unrealized loss on securities held for sale	718		—
Share-based compensation expense	1,860		2,166
Other	2,000		1,412
Total deferred tax assets	26,423		29,363
Deferred tax liabilities
Depreciable basis of fixed assets	(8,565)		(6,555)
Deferred loan fees	(774)		(753)
FHLB stock, book basis in excess of tax	(89)		(89)
Unrealized gain on debt securities available for sale	—		(452)
BOLI available for redemption	(4,679)		(3,902)
Other	(829)		(711)
Total deferred tax liabilities	(14,936)		(12,462)
Net deferred tax assets	$	11,487	$	16,901