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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Mar. 31, 2021
Mar. 31, 2020
INTEREST INCOME:        
Loans $ 26,005 $ 24,969 $ 78,737 $ 76,030
Investment securities 559 485 1,568 1,507
Mortgage-backed securities 466 733 1,479 2,141
Other interest-earning assets 70 33 159 110
Total interest income 27,100 26,220 81,943 79,788
INTEREST EXPENSE:        
Deposits 3,494 6,135 11,748 19,161
Advances from FHLB 325 439 1,052 1,534
Note payable   31   102
Subordinated debt 132 197 403 636
Total interest expense 3,951 6,802 13,203 21,433
NET INTEREST INCOME 23,149 19,418 68,740 58,355
PROVISION FOR CREDIT LOSSES (409) 2,850 1,591 4,134
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES 23,558 16,568 67,149 54,221
NONINTEREST INCOME:        
Deposit account charges and related fees 1,275 1,538 3,974 4,593
Bank card interchange income 1,004 719 2,670 2,120
Loan late charges 118 149 398 416
Loan servicing fees 217 (285) 895 (52)
Other loan fees 266 370 898 968
Net realized gains on sale of loans 853 178 3,449 653
Net realized gains on sale of AFS securities 90   90  
Earnings on bank owned life insurance 270 247 1,524 755
Other income 431 313 1,287 940
Total noninterest income 4,524 3,229 15,185 10,393
NONINTEREST EXPENSE:        
Compensation and benefits 7,739 7,521 23,004 21,638
Occupancy and equipment, net 1,990 1,780 5,826 5,401
Data processing expense 1,253 1,152 3,490 3,089
Telecommunications expense 317 309 940 949
Deposit insurance premiums 174   593  
Legal and professional fees 256 229 690 651
Advertising 240 244 689 837
Postage and office supplies 198 224 585 585
Intangible amortization 338 441 1,057 1,322
Foreclosed property expenses/losses 48 282 137 355
Provision for off balance sheet credit exposure   300   516
Other operating expense 975 1,087 2,836 3,601
Total noninterest expense 13,528 13,569 39,847 38,944
INCOME BEFORE INCOME TAXES 14,554 6,228 42,487 25,670
INCOME TAXES 3,096 1,129 8,996 5,026
NET INCOME $ 11,458 $ 5,099 $ 33,491 $ 20,644
Basic earnings per common share $ 1.27 $ 0.55 $ 3.69 $ 2.24
Diluted earnings per common share 1.27 0.55 3.69 2.24
Dividends per common share $ 0.16 $ 0.15 $ 0.46 $ 0.45