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Condensed Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2019
Dec. 31, 2018
INTEREST INCOME:        
Loans $ 25,421 $ 22,785 $ 51,060 $ 43,701
Investment securities 503 738 1,023 1,255
Mortgage-backed securities 691 649 1,408 1,232
Other interest-earning assets 31 35 77 61
Total interest income 26,646 24,207 53,568 46,249
INTEREST EXPENSE:        
Deposits 6,448 4,925 13,026 8,934
Securities sold under agreements to repurchase 0 8 0 16
Advances from FHLB of Des Moines 573 932 1,095 1,531
Note Payable 34 48 71 83
Subordinated debt 214 226 439 450
Total interest expense 7,269 6,139 14,631 11,014
NET INTEREST INCOME 19,377 18,068 38,937 35,235
PROVISION FOR LOAN LOSSES 388 314 1,284 995
Net Interest Income After Provision for Loan Losses 18,989 17,754 37,653 34,240
NONINTEREST INCOME:        
Deposit Account Charges and Related Fees 1,632 1,286 3,055 2,510
Bank card interchange income 1,311 1,182 2,672 2,245
Loan Late Charges 121 120 267 214
Loan Servicing Fees 103 154 233 312
Other Loan Fees 354 377 597 714
Net realized gains on sale of loans 203 141 476 320
Earnings on bank owned life insurance 253 594 507 840
Other income 357 200 627 328
Total noninterest income 4,334 4,054 8,434 7,483
NONINTEREST EXPENSE:        
Compensation and benefits 6,993 6,445 14,118 12,492
Occupancy and equipment, net 2,967 2,671 5,856 5,141
Deposit insurance premiums 0 145 0 283
Legal and professional fees 239 254 422 510
Advertising 283 278 593 593
Postage and office supplies 178 193 361 345
Intangible amortization 441 374 882 770
Bank Card Network Expense 680 496 1,298 991
Other operating expense 1,904 1,696 3,116 2,875
Total noninterest expense 13,685 12,552 26,646 24,000
INCOME BEFORE INCOME TAXES 9,638 9,256 19,441 17,723
INCOME TAXES 1,921 1,802 3,896 3,469
NET INCOME $ 7,717 $ 7,454 $ 15,545 $ 14,254
Basic earnings per common share $ 0.84 $ 0.82 $ 1.69 $ 1.57
Diluted earnings per common share 0.84 0.81 1.68 1.57
Dividends per common share $ 0.15 $ 0.13 $ 0.30 $ 0.26