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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2016
Interest Income:      
Loans $ 73,122 $ 57,988 $ 52,850
Investment securities 2,166 1,975 1,965
Mortgage-backed securities 1,817 1,496 1,467
Other interest-earning assets 69 29 35
TOTAL INTEREST INCOME 77,174 61,488 56,317
Interest Expense:      
Deposits 12,825 8,472 7,407
Securities sold under agreements to repurchase 37 95 119
Advances from FHLB of Des Moines 1,041 1,138 1,271
Note Payable 121 13 0
Subordinated debt 767 648 568
TOTAL INTEREST EXPENSE 14,791 10,366 9,365
NET INTEREST INCOME 62,383 51,122 46,952
Provision for loan losses (Note 3) 3,047 2,340 2,494
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 59,336 48,782 44,458
Noninterest income:      
Deposit account charges and related fees 4,584 3,824 3,588
Bank card interchange income 3,775 2,864 2,580
Loan late charges 432 432 351
Loan servicing fees 801 397 176
Other loan fees 1,467 1,146 806
Net realized gains on sale of loans 804 840 641
Net realized gains on sale of AFS securities 334 0 5
Earnings on bank owned life insurance 947 1,135 928
Other income 727 446 683
TOTAL NONINTEREST INCOME 13,871 11,084 9,758
Noninterest expense:      
Compensation and benefits 23,302 19,406 17,769
Occupancy and equipment, net 9,763 8,418 7,132
Deposit insurance premiums 517 681 657
Legal and professional fees 1,178 1,233 576
Advertising 1,197 1,102 932
Postage and office supplies 729 561 623
Intangible amortization 1,457 911 1,025
Bank card network expense 1,580 1,150 971
Other operating expense 4,752 4,790 3,001
TOTAL NONINTEREST EXPENSE 44,475 38,252 32,686
INCOME BEFORE INCOME TAXES 28,732 21,614 21,530
Income Taxes (Note 12)      
Current 8,333 4,899 6,206
Deferred (530) 1,163 476
Income Taxes Paid, Net 7,803 6,062 6,682
NET INCOME 20,929 15,552 14,848
Less: dividend on preferred shares 0 0 85
NET INCOME AVAILABLE TO COMMON STOCKHOLDERS $ 20,929 $ 15,552 $ 14,763
Basic earnings per share available to common stockholders $ 2.40 $ 2.08 $ 1.99
Diluted earnings per share available to common stockholders 2.39 2.07 1.98
Dividends paid $ 0.44 $ 0.40 $ 0.36