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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Jun. 30, 2023
Jun. 30, 2022
INTEREST INCOME    
Loans receivable, including fees $ 22,942 $ 20,693
Securities 6,780 4,555
Other 664 250
Total interest income 30,386 25,498
INTEREST EXPENSE    
Deposits 5,456 1,744
Borrowings 1,859 770
Total interest expense 7,315 2,514
Net interest income 23,071 22,984
Provision (recovery) for loan losses   (20)
NET INTEREST INCOME AFTER PROVISION (RECOVERY) FOR LOAN LOSSES 23,071 23,004
OTHER INCOME    
Service fees 843 863
Net gain on sale of other real estate owned   18
Net gain on sale of securities   62
Earnings on bank-owned life insurance 1,106 1,038
Unrealized loss on equity securities (629) (242)
Net gain (loss) on disposition of premises and equipment 398 (7)
Other 232 343
Total other income 1,950 2,075
OTHER EXPENSES    
Salaries and employee benefits 12,785 11,482
Occupancy and equipment 3,258 2,759
Data processing 1,836 1,744
Professional fees 906 1,154
Amortization of intangible assets 193 225
Gain on lease abandonment   (117)
Prepayment penalties   460
Other 3,041 2,567
Total other expense 22,019 20,274
Income before income taxes 3,002 4,805
Income tax expense 200 568
NET INCOME $ 2,802 $ 4,237
Basic earnings per share $ 0.22 $ 0.30
Diluted earnings per share $ 0.22 $ 0.30