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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2021
Dec. 31, 2020
INTEREST INCOME        
Loans receivable, including fees $ 5,109 $ 6,233 $ 10,323 $ 12,126
Securities 1,033 472 1,697 1,125
Other 40 79 146 190
Total interest income 6,182 6,784 12,166 13,441
INTEREST EXPENSE        
Deposits 421 918 905 1,999
Borrowings 231 267 469 626
Total interest expense 652 1,185 1,374 2,625
Net interest income 5,530 5,599 10,792 10,816
Provision (recovery) for loan losses   32 (30) 98
NET INTEREST INCOME AFTER PROVISION (RECOVERY) FOR LOAN LOSSES 5,530 5,567 10,822 10,718
OTHER INCOME        
Service fees 243 186 456 369
Net (loss) gain on sale of securities   (30) 62 (30)
Earnings on bank-owned life insurance 278 98 516 210
Unrealized gain on equity securities 35   140  
Net gain on disposition of premises and equipment   454   469
Other 108 132 195 222
Total other income 664 840 1,369 1,240
OTHER EXPENSES        
Salaries and employee benefits 2,796 2,526 5,508 5,080
Occupancy and equipment 726 655 1,401 1,414
Data processing 419 509 840 931
Professional fees 241 217 489 405
Amortization of intangible assets 56 64 113 128
Prepayment penalties     64 161
Other 601 690 1,291 1,277
Total other expense 4,839 4,661 9,706 9,396
Income before income taxes 1,355 1,746 2,485 2,562
Income tax expense 180 370 150 516
NET INCOME $ 1,175 $ 1,376 $ 2,335 $ 2,046
Basic earnings per share $ 0.08 $ 0.09 $ 0.16 $ 0.14
Diluted earnings per share $ 0.08 $ 0.09 $ 0.16 $ 0.14