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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Jun. 30, 2021
Jun. 30, 2020
INTEREST INCOME    
Loans receivable, including fees $ 23,390 $ 17,914
Securities 2,093 1,453
Other 363 450
Total interest income 25,846 19,817
INTEREST EXPENSE    
Deposits 3,153 3,604
Borrowings 1,153 1,414
Total interest expense 4,306 5,018
Net interest income 21,540 14,799
Provision for loan losses 133 626
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 21,407 14,173
OTHER INCOME    
Service fees 785 569
Net gain on sale of securities 36 238
Earnings on bank-owned life insurance 473 347
Gain on bargain purchase   746
Net gain on disposition of premises and equipment 495  
Net gain on sale of other real estate owned 206  
Other 316 260
Total other income 2,311 2,160
OTHER EXPENSES    
Salaries and employee benefits 10,282 6,855
Occupancy and equipment 2,912 1,784
Data processing 1,795 1,155
Professional fees 1,064 451
Merger related expenses   3,294
Amortization of intangible assets 255 242
Loss on lease abandonment 162  
Prepayment penalties 161  
Other 2,361 1,611
Total other expense 18,992 15,392
Income before income taxes 4,726 941
Income tax expense (benefit) 947 (387)
NET INCOME $ 3,779 $ 1,328
Basic and diluted earnings per share (in dollars per share) $ 0.26 $ 0.10