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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Mar. 31, 2022
Mar. 31, 2021
INTEREST INCOME:        
Loans $ 27,060 $ 26,005 $ 81,614 $ 78,737
Investment securities 524 559 1,608 1,568
Mortgage-backed securities 646 466 1,833 1,479
Other interest-earning assets 109 70 239 159
Total interest income 28,339 27,100 85,294 81,943
INTEREST EXPENSE:        
Deposits 2,871 3,494 8,426 11,748
Advances from FHLB 167 325 613 1,052
Subordinated debt 187 132 447 403
Total interest expense 3,225 3,951 9,486 13,203
NET INTEREST INCOME 25,114 23,149 75,808 68,740
PROVISION (BENEFIT) FOR CREDIT LOSSES 1,552 (409) 1,247 1,591
NET INTEREST INCOME AFTER PROVISION (BENEFIT) FOR CREDIT LOSSES 23,562 23,558 74,561 67,149
NONINTEREST INCOME:        
Deposit account charges and related fees 1,560 1,275 4,743 3,974
Bank card interchange income 1,025 1,004 2,952 2,670
Loan late charges 135 118 414 398
Loan servicing fees 170 217 504 895
Other loan fees 606 266 1,556 898
Net realized gains on sale of loans 204 853 934 3,449
Net realized gains on sale of AFS securities   90   90
Earnings on bank owned life insurance 291 270 854 1,524
Other income 913 431 2,746 1,287
Total noninterest income 4,904 4,524 14,703 15,185
NONINTEREST EXPENSE:        
Compensation and benefits 9,223 7,739 25,745 23,004
Occupancy and equipment, net 2,399 1,990 6,710 5,826
Data processing expense 1,935 1,253 4,501 3,490
Telecommunications expense 308 317 946 940
Deposit insurance premiums 178 174 536 593
Legal and professional fees 341 256 931 690
Advertising 312 240 917 689
Postage and office supplies 202 198 582 585
Intangible amortization 363 338 1,040 1,057
Foreclosed property expenses/losses 115 48 449 137
Other operating expense 1,381 975 3,692 2,836
Total noninterest expense 16,757 13,528 46,049 39,847
INCOME BEFORE INCOME TAXES 11,709 14,554 43,215 42,487
INCOME TAXES 2,358 3,096 9,133 8,996
NET INCOME $ 9,351 $ 11,458 $ 34,082 $ 33,491
Basic earnings per share $ 1.03 $ 1.27 $ 3.81 $ 3.69
Diluted earnings per share 1.03 1.27 3.80 3.69
Dividends paid $ 0.20 $ 0.16 $ 0.60 $ 0.46