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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Interest and dividend income    
Loans $ 58,496 $ 33,245
Commercial paper 0 1,116
Debt securities available for sale 1,259 678
Other investments and interest-bearing deposits 2,110 888
Total interest and dividend income 61,865 35,927
Interest expense    
Deposits 16,429 1,395
Junior subordinated debt 236 0
Borrowings 3,040 12
Total interest expense 19,705 1,407
Net interest income 42,160 34,520
Provision for credit losses 2,570 3,987
Net interest income after provision for credit losses 39,590 30,533
Noninterest income    
Service charges and fees on deposit accounts 2,318 2,338
Loan income and fees 559 570
Gain on sale of loans held for sale 1,293 1,586
BOLI income 1,749 527
Operating lease income 1,785 1,585
Loss on sale of premises and equipment 0 (12)
Other 923 804
Total noninterest income 8,627 7,398
Noninterest expense    
Salaries and employee benefits 16,514 14,815
Occupancy expense, net 2,489 2,396
Computer services 3,173 2,763
Telephone, postage, and supplies 652 603
Marketing and advertising 487 590
Deposit insurance premiums 717 542
Core deposit intangible amortization 859 34
Merger-related expenses 0 474
Other 4,673 3,872
Total noninterest expense 29,564 26,089
Net income before income taxes 18,653 11,842
Income tax expense 3,820 2,643
Net income $ 14,833 $ 9,199
Net income per common share    
Basic (in dollars per share) $ 0.88 $ 0.61
Diluted (in dollars per share) $ 0.88 $ 0.60
Average shares outstanding    
Basic (in shares) 16,792,177 14,988,006
Diluted (in shares) 16,800,901 15,130,762