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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Mar. 31, 2023
Mar. 31, 2022
INTEREST INCOME        
Loans receivable, including fees $ 5,725 $ 5,212 $ 16,688 $ 15,535
Securities 1,714 1,329 5,078 3,026
Other 169 43 485 189
Total interest income 7,608 6,584 22,251 18,750
INTEREST EXPENSE        
Deposits 1,623 424 3,106 1,329
Borrowings 452 180 1,335 649
Total interest expense 2,075 604 4,441 1,978
Net interest income 5,533 5,980 17,810 16,772
Provision (recovery) for loan losses   10   (20)
NET INTEREST INCOME AFTER PROVISION (RECOVERY) FOR LOAN LOSSES 5,533 5,970 17,810 16,792
OTHER INCOME        
Service fees 197 196 617 652
Net gain on sale of securities       62
Earnings on bank-owned life insurance 276 259 823 775
Unrealized loss on equity securities (435) (236) (654) (96)
Net gain on disposition of premises and equipment 97 15 396 15
Other 39 81 176 276
Total other income 174 315 1,358 1,684
OTHER EXPENSES        
Salaries and employee benefits 3,217 2,932 9,680 8,440
Occupancy and equipment 810 836 2,505 2,237
Data processing 480 451 1,383 1,291
Professional fees 208 289 729 778
Amortization of intangible assets 49 56 146 169
Gain on lease abandonment   (117)   (117)
Prepayment penalties   209   273
Other 805 645 2,349 1,936
Total other expense 5,569 5,301 16,792 15,007
Income before income taxes 138 984 2,376 3,469
Income tax (benefit) expense (45) 160 105 310
NET INCOME $ 183 $ 824 $ 2,271 $ 3,159
Basic earnings per share $ 0.01 $ 0.06 $ 0.17 $ 0.22
Diluted earnings per share $ 0.01 $ 0.06 $ 0.17 $ 0.22