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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Interest Income    
Loans $ 33,180 $ 27,694
Investment securities 665 528
Mortgage-backed securities 990 578
Other interest-earning assets 162 60
Total interest income 34,997 28,860
Interest Expense    
Deposits 5,761 2,816
Advances from FHLB 438 276
Subordinated debt 290 130
Total interest expense 6,489 3,222
Net Interest Income 28,508 25,638
Provision for Credit Losses 5,056 (305)
Net Interest Income After Provision for Credit Losses 23,452 25,943
Noninterest Income    
Deposit account charges and related fees 1,777 1,561
Bank card interchange income 1,018 951
Loan late charges 122 107
Loan servicing fees 312 154
Other loan fees 882 451
Net realized gains on sale of loans 292 369
Earnings on bank owned life insurance 318 281
Other income 793 641
Total noninterest income 5,514 4,515
Noninterest Expense    
Compensation and benefits 9,752 8,199
Occupancy and equipment, net 2,447 2,113
Data processing expense 1,445 1,269
Telecommunications expense 331 320
Deposit insurance premiums 215 178
Legal and professional fees 411 234
Advertising 449 329
Postage and office supplies 213 195
Intangible amortization 402 338
Foreclosed property expenses/losses (41) 31
Other operating expense 1,296 1,018
Total noninterest expense 16,920 14,224
Income Before Income Taxes 12,046 16,234
Income Taxes 2,443 3,488
Net Income $ 9,603 $ 12,746
Basic earnings per share $ 1.04 $ 1.43
Diluted earnings per share 1.04 1.43
Dividends paid $ 0.21 $ 0.20