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Condensed Consolidated Statements of Income - USD ($)
3 Months Ended 9 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Mar. 31, 2020
Mar. 31, 2019
INTEREST INCOME:        
Loans $ 24,969 $ 23,838 $ 76,030 $ 67,539
Investment securities 485 584 1,507 1,839
Mortgage-backed securities 733 736 2,141 1,968
Other interest-earning assets 33 28 110 89
Total interest income 26,220 25,186 79,788 71,435
INTEREST EXPENSE:        
Deposits 6,135 5,851 19,161 14,786
Securities sold under agreements to repurchase 0 10 0 25
Advances from FHLB of Des Moines 439 495 1,534 2,025
Note Payable 31 37 102 121
Subordinated debt 197 239 636 689
Total interest expense 6,802 6,632 21,433 17,646
NET INTEREST INCOME 19,418 18,554 58,355 53,789
PROVISION FOR LOAN LOSSES 2,850 491 4,134 1,486
Net Interest Income After Provision for Loan Losses 16,568 18,063 54,221 52,303
NONINTEREST INCOME:        
Deposit Account Charges and Related Fees 1,538 1,191 4,593 3,701
Bank card interchange income 1,346 1,113 4,018 3,358
Loan Late Charges 149 137 416 351
Loan Servicing Fees (285) 152 (52) 465
Other Loan Fees 370 289 968 1,003
Net realized gains on sale of loans 178 175 653 495
Earnings on bank owned life insurance 247 240 755 1,080
Other income 313 405 940 733
Total noninterest income 3,856 3,946 12,291 11,430
NONINTEREST EXPENSE:        
Compensation and benefits 7,521 7,221 21,638 19,712
Occupancy and equipment, net 3,063 2,731 8,919 7,872
Deposit insurance premiums 0 157 0 440
Legal and professional fees 229 224 651 734
Advertising 244 261 837 854
Postage and office supplies 224 218 585 564
Intangible amortization 441 462 1,322 1,232
Bank Card Network Expense 638 534 1,936 1,525
Other operating expense 1,836 1,382 4,954 4,258
Total noninterest expense 14,196 13,190 40,842 37,191
INCOME BEFORE INCOME TAXES 6,228 8,819 25,670 26,542
INCOME TAXES 1,129 1,725 5,026 5,194
NET INCOME 5,099 7,094 20,644 21,348
Net realized gains on sale of AFS securities $ 0 $ 244 $ 0 $ 244
Basic earnings per common share $ 0.55 $ 0.76 $ 2.24 $ 2.33
Diluted earnings per common share 0.55 0.76 2.24 2.33
Dividends per common share $ 0.15 $ 0.13 $ 0.45 $ 0.39