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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2020
Dec. 31, 2019
INTEREST INCOME:        
Loans $ 26,826 $ 25,421 $ 52,732 $ 51,060
Investment securities 519 503 1,009 1,023
Mortgage-backed securities 478 691 1,012 1,408
Other interest-earning assets 48 31 89 77
Total interest income 27,871 26,646 54,842 53,568
INTEREST EXPENSE:        
Deposits 3,863 6,448 8,253 13,026
Advances from FHLB 347 573 727 1,095
Note payable   34   71
Subordinated debt 134 214 271 439
Total interest expense 4,344 7,269 9,251 14,631
NET INTEREST INCOME 23,527 19,377 45,591 38,937
PROVISION FOR CREDIT LOSSES 612 388 1,385 1,284
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES 22,915 18,989 44,206 37,653
NONINTEREST INCOME:        
Deposit account charges and related fees 1,360 1,632 2,699 3,055
Bank card interchange income 836 650 1,666 1,401
Loan late charges 138 121 280 267
Loan servicing fees 368 103 678 233
Other loan fees 305 354 632 597
Net realized gains on sale of loans 1,390 203 2,596 476
Earnings on bank owned life insurance 974 253 1,254 507
Other income 349 357 856 626
Total noninterest income 5,720 3,673 10,661 7,162
NONINTEREST EXPENSE:        
Compensation and benefits 7,545 6,993 15,265 14,118
Occupancy and equipment, net 1,866 1,769 3,837 3,621
Data processing expense 1,175 1,052 2,237 1,937
Telecommunications expense 308 320 622 641
Deposit insurance premiums 218   419  
Legal and professional fees 236 239 434 422
Advertising 219 283 449 593
Postage and office supplies 195 178 388 361
Intangible amortization 338 441 718 882
Foreclosed property expenses/losses 38 25 88 73
Provision for off balance sheet credit exposure 388 362 615 216
Other operating expense 908 1,362 1,862 2,510
Total noninterest expense 13,434 13,024 26,934 25,374
INCOME BEFORE INCOME TAXES 15,201 9,638 27,933 19,441
INCOME TAXES 3,153 1,921 5,900 3,896
NET INCOME $ 12,048 $ 7,717 $ 22,033 $ 15,545
Basic earnings per common share $ 1.33 $ 0.84 $ 2.42 $ 1.69
Diluted earnings per common share 1.32 0.84 2.42 1.68
Dividends per common share $ 0.15 $ 0.15 $ 0.30 $ 0.30