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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2022
Dec. 31, 2021
Interest Income        
Loans $ 36,993 $ 26,861 $ 70,173 $ 54,555
Investment securities 778 556 1,443 1,085
Mortgage-backed securities 1,013 609 2,003 1,186
Other interest-earning assets 67 70 228 130
Total interest income 38,851 28,096 73,847 56,956
Interest Expense        
Deposits 8,594 2,739 14,356 5,555
Advances from FHLB 1,657 169 2,095 445
Subordinated debt 349 130 638 260
Total interest expense 10,600 3,038 17,089 6,260
Net Interest Income 28,251 25,058 56,758 50,696
Provision for Credit Losses 1,138   6,194 (305)
Net Interest Income After Provision for Credit Losses 27,113 25,058 50,564 51,001
Noninterest Income        
Deposit account charges and related fees 1,713 1,623 3,489 3,184
Bank card interchange income 1,079 976 2,097 1,927
Loan late charges 119 172 241 279
Loan servicing fees 257 180 569 334
Other loan fees 612 500 1,494 951
Net realized gains on sale of loans 127 362 419 731
Earnings on bank owned life insurance 319 282 637 563
Other income 1,230 1,190 2,024 1,832
Total noninterest income 5,456 5,285 10,970 9,801
Noninterest Expense        
Compensation and benefits 9,793 8,323 19,545 16,522
Occupancy and equipment, net 2,442 2,198 4,890 4,311
Data processing expense 1,430 1,297 2,875 2,566
Telecommunications expense 347 318 677 639
Deposit insurance premiums 263 180 478 358
Legal and professional fees 852 356 1,263 590
Advertising 216 276 665 606
Postage and office supplies 235 186 448 381
Intangible amortization 402 338 803 677
Foreclosed property expenses/losses 35 302 (6) 334
Other operating expense 1,623 1,296 2,919 2,312
Total noninterest expense 17,638 15,070 34,557 29,296
Income Before Income Taxes 14,931 15,273 26,977 31,506
Income Taxes 3,267 3,288 5,710 6,775
Net Income $ 11,664 $ 11,985 $ 21,267 $ 24,731
Basic earnings per share $ 1.26 $ 1.35 $ 2.30 $ 2.78
Diluted earnings per share 1.26 1.35 2.30 2.78
Dividends paid $ 0.21 $ 0.20 $ 0.42 $ 0.40