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Condensed Consolidated Statements of Income - USD ($)
3 Months Ended 9 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Mar. 31, 2019
Mar. 31, 2018
INTEREST INCOME:        
Loans $ 23,838 $ 18,337 $ 67,539 $ 54,029
Investment securities 584 573 1,839 1,659
Mortgage-backed securities 736 453 1,968 1,297
Other interest-earning assets 28 22 89 42
Total interest income 25,186 19,385 71,435 57,027
INTEREST EXPENSE:        
Deposits 5,851 3,281 14,786 9,169
Securities sold under agreements to repurchase 10 8 25 29
Advances from FHLB of Des Moines 495 199 2,025 709
Note payable 37 30 121 87
Subordinated debt 239 192 689 552
Total interest expense 6,632 3,710 17,646 10,546
NET INTEREST INCOME 18,554 15,675 53,789 46,481
PROVISION FOR LOAN LOSSES 491 550 1,486 2,060
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 18,063 15,125 52,303 44,421
NONINTEREST INCOME:        
Deposit account charges and related fees 1,191 1,112 3,701 3,442
Bank card interchange income 1,113 948 3,358 2,722
Loan late charges 137 92 351 310
Loan servicing fees 152 162 465 489
Other loan fees 289 544 1,003 1,174
Net realized gains on sale of loans 175 196 495 618
Net realized gains on sale of AFS securities 244 254 244 292
Earnings on bank owned life insurance 240 235 1,080 702
Other income 405 327 733 567
Total noninterest income 3,946 3,870 11,430 10,316
NONINTEREST EXPENSE:        
Compensation and benefits 7,221 6,040 19,712 17,396
Occupancy and equipment, net 2,731 2,553 7,872 7,241
Deposit insurance premiums 157 151 440 422
Legal and professional fees 224 354 734 899
Advertising 261 283 854 885
Postage and office supplies 218 178 564 552
Intangible amortization 462 364 1,232 1,061
Bank card network expense 534 387 1,525 1,127
Other operating expense 1,382 1,617 4,258 3,618
Total noninterest expense 13,190 11,927 37,191 33,201
INCOME BEFORE INCOME TAXES 8,819 7,068 26,542 21,536
INCOME TAXES 1,725 1,810 5,194 6,245
NET INCOME $ 7,094 $ 5,258 $ 21,348 $ 15,291
Basic earnings per common share $ 0.76 $ 0.60 $ 2.33 $ 1.77
Diluted earnings per common share 0.76 0.60 2.33 1.77
Dividends per common share $ 0.13 $ 0.11 $ 0.39 $ 0.33