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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2020
Dec. 31, 2019
INTEREST INCOME        
Loans receivable, including fees $ 6,233 $ 4,072 $ 12,126 $ 8,223
Securities 472 402 1,125 675
Other 79 132 190 284
Total Interest Income 6,784 4,606 13,441 9,182
INTEREST EXPENSE        
Deposits 918 894 1,999 1,767
Borrowings 267 370 626 700
Total Interest Expense 1,185 1,264 2,625 2,467
Net Interest Income 5,599 3,342 10,816 6,715
Provision for Loan Losses 32   98  
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 5,567 3,342 10,718 6,715
OTHER INCOME        
Service fees 186 156 369 295
Net (loss) gain on sale of securities (30)   (30) 93
Earnings on bank-owned life insurance 98 82 210 165
Net gain on sale of premises and equipment 454 0 469 0
Other 132 49 222 81
Total Other Income 840 287 1,240 634
OTHER EXPENSES        
Salaries and employee benefits 2,526 1,614 5,080 3,185
Occupancy and equipment 655 514 1,414 809
Data processing 509 218 931 522
Professional fees 217 272 405 374
Amortization on intangible assets 64 59 128 118
Prepayment penalties     161  
Other 690 361 1,277 676
Total Other Expense 4,661 3,038 9,396 5,684
Income Before Income Taxes 1,746 591 2,562 1,665
Income Tax Expense (Benefit) 370 (338) 516 (118)
NET INCOME $ 1,376 $ 929 $ 2,046 $ 1,783
Basic and diluted earnings per share (in dollars per share) $ 0.31 $ 0.23 $ 0.46 $ 0.45