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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Mar. 31, 2024
Mar. 31, 2023
INTEREST INCOME        
Loans receivable, including fees $ 6,338 $ 5,725 $ 18,671 $ 16,688
Securities 1,652 1,714 5,063 5,078
Other 174 169 504 485
Total interest income 8,164 7,608 24,238 22,251
INTEREST EXPENSE        
Deposits 3,200 1,623 9,150 3,106
Borrowings 950 452 2,119 1,335
Total interest expense 4,150 2,075 11,269 4,441
Net interest income 4,014 5,533 12,969 17,810
Recovery for credit losses (505)   (475)  
NET INTEREST INCOME AFTER RECOVERY FOR CREDIT LOSSES 4,519 5,533 13,444 17,810
OTHER INCOME        
Service fees 210 197 650 617
Net gain on sale of securities     85  
Earnings on bank-owned life insurance 319 276 922 823
Net gain on disposition of premises and equipment   97   396
Unrealized gain (loss) on equity securities 150 (435) 371 (654)
Other 46 39 175 176
Total other income 725 174 2,203 1,358
OTHER EXPENSES        
Salaries and employee benefits 2,991 3,217 8,787 9,680
Occupancy and equipment 772 810 2,260 2,505
Data processing 518 480 1,516 1,383
Professional fees 249 208 651 729
Amortization of intangible assets 41 49 123 146
Other 767 805 2,297 2,349
Total other expense 5,338 5,569 15,634 16,792
(Loss) income before income taxes (94) 138 13 2,376
Income tax (benefit) expense (230) (45) (313) 105
NET INCOME $ 136 $ 183 $ 326 $ 2,271
Basic earnings per share (in dollars per share) $ 0.02 $ 0.01 $ 0.04 $ 0.17
Diluted earnings per share (in dollars per share) $ 0.02 $ 0.01 $ 0.03 $ 0.17