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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended
Sep. 30, 2023
Sep. 30, 2022
INTEREST INCOME    
Loans receivable, including fees $ 6,139 $ 5,297
Securities 1,711 1,657
Other 161 129
Total interest income 8,011 7,083
INTEREST EXPENSE    
Deposits 2,730 509
Borrowings 537 333
Total interest expense 3,267 842
Net interest income 4,744 6,241
Provision for credit losses 5  
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES 4,739 6,241
OTHER INCOME    
Service fees 215 211
Earnings on bank-owned life insurance 294 273
Unrealized gain (loss) on equity securities 73 (273)
Other 68 71
Total other income 650 282
OTHER EXPENSES    
Salaries and employee benefits 2,935 3,241
Occupancy and equipment 760 788
Data processing 494 431
Professional fees 210 263
Amortization of intangible assets 41 48
Other 785 792
Total other expense 5,225 5,563
Income before income taxes 164 960
Income tax benefit (15) (67)
NET INCOME $ 179 $ 1,027
Basic earnings per share (in dollars per share) $ 0.02 $ 0.08
Diluted earnings per share (in dollars per share) $ 0.02 $ 0.08