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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2020
Interest Income:      
Loans $ 111,495 $ 105,077 $ 102,129
Investment securities 2,197 2,130 1,992
Mortgage-backed securities 2,738 2,042 2,802
Other interest-earning assets 437 226 129
TOTAL INTEREST INCOME 116,867 109,475 107,052
Interest Expense:      
Deposits 11,822 14,889 24,084
Advances from FHLB 792 1,366 1,932
Note payable     112
Subordinated debt 686 534 788
TOTAL INTEREST EXPENSE 13,300 16,789 26,916
NET INTEREST INCOME 103,567 92,686 80,136
Provision for credit losses (Note 3) 1,487 (1,024) 6,002
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 102,080 93,710 74,134
Noninterest income:      
Deposit account charges and related fees 6,450 5,254 5,680
Bank card interchange income 4,224 3,913 3,073
Loan late charges 553 587 573
Loan servicing fees 946 1,454 196
Other loan fees 2,369 1,200 1,258
Net realized gains on sale of loans 1,598 3,980 1,630
Net realized gains on sale of AFS securities   90  
Earnings on bank owned life insurance 1,168 1,800 1,021
Other income 3,895 1,764 1,319
TOTAL NONINTEREST INCOME 21,203 20,042 14,750
Noninterest expense:      
Compensation and benefits 35,611 31,010 29,336
Occupancy and equipment, net 9,248 7,880 7,288
Data processing expense 5,996 4,812 5,173
Telecommunications expense 1,273 1,261 1,263
Deposit insurance premiums 743 766 155
Legal and professional fees 1,362 1,093 969
Advertising 1,496 1,080 1,227
Postage and office supplies 823 796 804
Intangible amortization 1,441 1,395 1,771
Foreclosed property expenses/losses 522 142 992
Other operating expense 4,864 3,812 4,826
TOTAL NONINTEREST EXPENSE 63,379 54,047 54,452
INCOME BEFORE INCOME TAXES 59,904 59,705 34,432
Income Taxes (Note 9)      
Current 13,352 10,844 6,890
Deferred (617) 1,681 (3)
Income Tax Expense (Benefit), Total 12,735 12,525 6,887
NET INCOME $ 47,169 $ 47,180 $ 27,545
Basic earnings per share $ 5.22 $ 5.22 $ 3.00
Diluted earnings per share 5.21 5.22 2.99
Dividends paid $ 0.80 $ 0.62 $ 0.60