XML 19 R4.htm IDEA: XBRL DOCUMENT v3.21.2
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2019
Interest Income:      
Loans $ 105,077 $ 102,129 $ 92,328
Investment securities 2,130 1,992 2,323
Mortgage-backed securities 2,042 2,802 2,704
Other interest-earning assets 226 129 127
TOTAL INTEREST INCOME 109,475 107,052 97,482
Interest Expense:      
Deposits 14,889 24,084 21,208
Securities sold under agreements to repurchase     36
Advances from FHLB 1,366 1,932 2,377
Note payable   112 158
Subordinated debt 534 788 921
TOTAL INTEREST EXPENSE 16,789 26,916 24,700
NET INTEREST INCOME 92,686 80,136 72,782
Provision for credit losses (Note 3) (1,024) 6,002 2,032
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES 93,710 74,134 70,750
Noninterest income:      
Deposit account charges and related fees 5,254 5,680 5,005
Bank card interchange income 3,913 3,073 2,581
Loan late charges 587 573 463
Loan servicing fees 1,454 196 376
Other loan fees 1,200 1,258 1,360
Net realized gains on sale of loans 3,980 1,630 771
Net realized gains on sale of AFS securities 90   244
Earnings on bank owned life insurance 1,800 1,021 1,329
Other income 1,764 1,319 964
TOTAL NONINTEREST INCOME 20,042 14,750 13,093
Noninterest expense:      
Compensation and benefits 31,010 29,336 26,379
Occupancy and equipment, net 7,880 7,288 6,586
Data processing expense 4,812 5,173 3,545
Telecommunications expense 1,261 1,263 1,137
Deposit insurance premiums 766 155 661
Legal and professional fees 1,093 969 965
Advertising 1,080 1,227 1,161
Postage and office supplies 796 804 772
Intangible amortization 1,395 1,771 1,672
Foreclosed property expenses/losses 142 992 442
Provision for off balance sheet credit exposure (422) 648 149
Other operating expense 3,812 4,826 4,423
TOTAL NONINTEREST EXPENSE 54,047 54,452 47,892
INCOME BEFORE INCOME TAXES 59,705 34,432 35,951
Income Taxes (Note 9)      
Current 10,844 6,890 6,972
Deferred 1,681 (3) 75
Income Tax Expense (Benefit), Total 12,525 6,887 7,047
NET INCOME $ 47,180 $ 27,545 $ 28,904
Basic earnings per share $ 5.22 $ 3.00 $ 3.14
Diluted earnings per share 5.22 2.99 3.14
Dividends paid $ 0.62 $ 0.60 $ 0.52