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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Mar. 31, 2023
Mar. 31, 2022
Interest Income        
Loans $ 43,115 $ 27,060 $ 113,288 $ 81,614
Investment securities 2,076 524 3,519 1,608
Mortgage-backed securities 1,652 646 3,654 1,833
Other interest-earning assets 1,443 109 1,672 239
Total interest income 48,286 28,339 122,133 85,294
Interest Expense        
Deposits 13,705 2,871 28,061 8,426
Securities sold under agreements to repurchase 213   213  
Advances from FHLB 206 167 2,300 613
Subordinated debt 395 187 1,033 447
Total interest expense 14,519 3,225 31,607 9,486
Net Interest Income 33,767 25,114 90,526 75,808
Provision for Credit Losses 10,072 1,552 16,266 1,247
Net Interest Income After Provision for Credit Losses 23,695 23,562 74,260 74,561
Noninterest Income        
Deposit account charges and related fees 2,089 1,560 5,578 4,743
Bank card interchange income 1,374 1,025 3,471 2,952
Loan late charges 161 135 402 414
Loan servicing fees 265 170 834 504
Other loan fees 465 606 1,959 1,556
Net realized gains on sale of loans 132 204 550 934
Earnings on bank owned life insurance 368 291 1,006 854
Other income 1,430 913 3,454 2,746
Total noninterest income 6,284 4,904 17,254 14,703
Noninterest Expense        
Compensation and benefits 14,188 9,223 33,733 25,745
Occupancy and equipment, net 3,024 2,399 7,914 6,710
Data processing expense 2,505 1,935 5,380 4,501
Telecommunications expense 449 308 1,127 946
Deposit insurance premiums 231 178 710 536
Legal and professional fees 2,324 341 3,587 931
Advertising 409 312 1,074 917
Postage and office supplies 331 202 779 582
Intangible amortization 812 363 1,615 1,040
Foreclosed property expenses/losses 280 115 275 449
Other operating expense 2,439 1,381 5,356 3,692
Total noninterest expense 26,992 16,757 61,550 46,049
Income Before Income Taxes 2,987 11,709 29,964 43,215
Income Taxes 578 2,358 6,288 9,133
Net Income $ 2,409 $ 9,351 $ 23,676 $ 34,082
Basic earnings per share $ 0.22 $ 1.03 $ 2.42 $ 3.81
Diluted earnings per share 0.22 1.03 2.41 3.80
Dividends paid $ 0.21 $ 0.20 $ 0.63 $ 0.60