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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2017
Interest Income:      
Loans $ 92,328 $ 73,122 $ 57,988
Investment securities 2,323 2,166 1,975
Mortgage-backed securities 2,704 1,817 1,496
Other interest-earning assets 127 69 29
TOTAL INTEREST INCOME 97,482 77,174 61,488
Interest Expense:      
Deposits 21,208 12,825 8,472
Securities sold under agreements to repurchase 36 37 95
Advances from FHLB of Des Moines 2,377 1,041 1,138
Note Payable 158 121 13
Subordinated debt 921 767 648
TOTAL INTEREST EXPENSE 24,700 14,791 10,366
NET INTEREST INCOME 72,782 62,383 51,122
Provision for loan losses (Note 3) 2,032 3,047 2,340
Net Interest Income After Provision for Loan Losses 70,750 59,336 48,782
Noninterest income:      
Deposit Account Charges and Related Fees 5,005 4,584 3,824
Bank card interchange income 4,658 3,775 2,864
Loan Late Charges 463 432 432
Loan Servicing Fees 376 801 397
Other Loan Fees 1,360 1,467 1,146
Net realized gains on sale of loans 771 804 840
Net Realized Gains on Sale of Available for Sale Securities 244 334 0
Earnings on bank owned life insurance 1,329 947 1,135
Other income 964 727 446
TOTAL NONINTEREST INCOME 15,170 13,871 11,084
Noninterest expense:      
Compensation and benefits 26,379 23,302 19,406
Occupancy and equipment, net 10,625 9,763 8,418
Deposit insurance premiums 661 517 681
Legal and professional fees 965 1,178 1,233
Advertising 1,161 1,197 1,102
Postage and office supplies 772 729 561
Intangible amortization 1,672 1,457 911
Bank Card Network Expense 2,120 1,580 1,150
Other operating expense 5,614 4,752 4,790
TOTAL NONINTEREST EXPENSE 49,969 44,475 38,252
INCOME BEFORE INCOME TAXES 35,951 28,732 21,614
Current 6,972 8,333 4,899
Deferred 75 (530) 1,163
Income Tax Expense (Benefit) 7,047 7,803 6,062
NET INCOME $ 28,904 $ 20,929 $ 15,552
Basic earnings per share available to common stockholders $ 3.14 $ 2.40 $ 2.08
Diluted earnings per share available to common stockholders 3.14 2.39 2.07
Dividends paid $ 0.52 $ 0.44 $ 0.40