Pay vs Performance Disclosure

12 Months Ended

Jun. 30, 2023

USD ($)

$ / shares

Jun. 30, 2022

USD ($)

$ / shares

Jun. 30, 2021

USD ($)

$ / shares

Pay vs Performance Disclosure

Pay vs Performance Disclosure, Table

									Value of Initial Fixed $100
									Investment Based on:
					Average
					Summary		Average						Diluted
	Summary				Compensation		Compensation			Peer Group			Earnings
	Compensation		Compensation		Table Total		Actually Paid		Total	Total	Net Income		Per
	Table Total for		Actually Paid		for Non-PEO		to Non-PEO		Shareholder	Shareholder	(in thousands)		Common
	PEO(1)		to PEO(2)		NEOs(3)		NEOs(4)		Return(5)	Return(6)	(7)		Share(8)
2023	$	661,141	$	572,862	$	488,862	$	424,478	167.21	116.10	$	39,237	3.85
2022		651,898		648,187		388,627		386,517	193.14	143.56		47,169	5.21
2021		595,934		830,649		353,265		474,380	188.77	162.61		47,180	5.22

(1) Represents the total compensation of our principal executive officer (“PEO”), Greg A. Steffens, as reported in the Summary Compensation Table (“SCT”) for each year indicated. Refer to the “Summary Compensation Table” above. Mr. Steffens served as our PEO during those years.

(2) Represents the amount of “compensation actually paid” to Mr. Steffens, as computed in accordance with Item 402(v) of Regulation S-K. The amounts do not reflect the actual amount of compensation earned by or paid to Mr. Steffens during the applicable year. In accordance with the requirements of Item 402(v) of Regulation S-K, the following adjustments were made to Mr. Steffens’s total compensation for each year to determine the compensation actually paid:

	2023		2022		2021
Total compensation as reported in SCT	$	661,141	$	651,898	$	595,934
Fair value of equity awards granted during covered fiscal year		(77,555)		(84,006)		(87,872)
Fair value of equity awards granted in covered fiscal year and that were unvested at end of such covered fiscal year - valued at year-end		56,588		68,008		138,552
Change in fair value from end of prior fiscal year to end of covered fiscal year for awards made in prior fiscal years that were unvested at end of current fiscal year		(44,694)		8,761		133,187
Change in fair value from end of prior fiscal year to vesting date for awards made in prior fiscal years that vested during covered fiscal year		(22,618)		3,526		50,818
Total compensation actually paid to PEO	$	572,862	$	648,187	$	830,649

(3) Represents the average of the total compensation of each of our non-PEO NEOs as reported in the SCT for each year indicated. The non-PEO NEOs included in this calculation for each year are Matt Funke, Justin Cox, Mark Hecker and Rick Windes.

(4) Represents the average of the total compensation actually paid to our named non-PEO NEOs as reported in the SCT, as computed in accordance with Item 402(v) of Regulation S-K. The amounts do not reflect the actual amount of compensation earned by or paid to the non-PEO NEOs during the applicable year. In accordance with the requirements of Item 402(v) of Regulation S-K, the following adjustments were made to average total compensation for the non-PEO NEOs as a group for each year to determine the compensation actually paid:

Reconciliation of Non-PEO NEOs SCT Total and Compensation Actually Paid

	2023		2022		2021
Total compensation as reported in SCT	$	488,862	$	388,627	$	353,265
Fair value of equity awards granted during covered fiscal year		(111,725)		(46,098)		(48,516)
Fair value of equity awards granted in covered fiscal year and that were unvested at end of such covered fiscal year - valued at year-end		84,409		37,184		77,736
Change in fair value from end of prior fiscal year to end of covered fiscal year for awards made in prior fiscal years that were unvested at end of current fiscal year		(24,802)		4,922		67,595
Change in fair value from end of prior fiscal year to vesting date for awards made in prior fiscal years that vested during covered fiscal year		(12,266)		1,882		24,300
Total average compensation actually paid to non-PEO NEOs	$	424,478	$	386,517	$	474,380

(5) Represents the cumulative three-year total return to shareholders of our common stock and assumes that the value of the investment was $100 on June 30, 2020 and that the subsequent dividends were reinvested. The stock price performance included in this column is not necessarily indicative of future stock price performance.

(6) Represents a cumulative three-year total return to shareholders of a peer group calculated using the same method described in footnote (5). For all years listed, the peer group used is the S&P U.S. BMI Banks Midwest Region Index.

(7) Represents our reported net income reflected in the Company’s audited financial statements for each year indicated.

(8) Represents our diluted earnings per common share, for each year indicated, which we believe represents the most important financial performance measure that was used to link compensation actually paid to our PEO and non-PEO NEOs for the most recent fiscal year to Company performance.

Company Selected Measure Name

diluted earnings per common share

Named Executive Officers, Footnote

(1) Represents the total compensation of our principal executive officer (“PEO”), Greg A. Steffens, as reported in the Summary Compensation Table (“SCT”) for each year indicated. Refer to the “Summary Compensation Table” above. Mr. Steffens served as our PEO during those years.

(3) Represents the average of the total compensation of each of our non-PEO NEOs as reported in the SCT for each year indicated. The non-PEO NEOs included in this calculation for each year are Matt Funke, Justin Cox, Mark Hecker and Rick Windes.

Peer Group Issuers, Footnote

(6) Represents a cumulative three-year total return to shareholders of a peer group calculated using the same method described in footnote (5). For all years listed, the peer group used is the S&P U.S. BMI Banks Midwest Region Index.

PEO Total Compensation Amount

$ 661,141

$ 651,898

$ 595,934

PEO Actually Paid Compensation Amount

$ 572,862

648,187

830,649

Adjustment To PEO Compensation, Footnote

(2) Represents the amount of “compensation actually paid” to Mr. Steffens, as computed in accordance with Item 402(v) of Regulation S-K. The amounts do not reflect the actual amount of compensation earned by or paid to Mr. Steffens during the applicable year. In accordance with the requirements of Item 402(v) of Regulation S-K, the following adjustments were made to Mr. Steffens’s total compensation for each year to determine the compensation actually paid:

	2023		2022		2021
Total compensation as reported in SCT	$	661,141	$	651,898	$	595,934
Fair value of equity awards granted during covered fiscal year		(77,555)		(84,006)		(87,872)
Fair value of equity awards granted in covered fiscal year and that were unvested at end of such covered fiscal year - valued at year-end		56,588		68,008		138,552
Change in fair value from end of prior fiscal year to end of covered fiscal year for awards made in prior fiscal years that were unvested at end of current fiscal year		(44,694)		8,761		133,187
Change in fair value from end of prior fiscal year to vesting date for awards made in prior fiscal years that vested during covered fiscal year		(22,618)		3,526		50,818
Total compensation actually paid to PEO	$	572,862	$	648,187	$	830,649

Non-PEO NEO Average Total Compensation Amount

$ 488,862

388,627

353,265

Non-PEO NEO Average Compensation Actually Paid Amount

$ 424,478

386,517

474,380

Adjustment to Non-PEO NEO Compensation Footnote

(4) Represents the average of the total compensation actually paid to our named non-PEO NEOs as reported in the SCT, as computed in accordance with Item 402(v) of Regulation S-K. The amounts do not reflect the actual amount of compensation earned by or paid to the non-PEO NEOs during the applicable year. In accordance with the requirements of Item 402(v) of Regulation S-K, the following adjustments were made to average total compensation for the non-PEO NEOs as a group for each year to determine the compensation actually paid:

Reconciliation of Non-PEO NEOs SCT Total and Compensation Actually Paid

	2023		2022		2021
Total compensation as reported in SCT	$	488,862	$	388,627	$	353,265
Fair value of equity awards granted during covered fiscal year		(111,725)		(46,098)		(48,516)
Fair value of equity awards granted in covered fiscal year and that were unvested at end of such covered fiscal year - valued at year-end		84,409		37,184		77,736
Change in fair value from end of prior fiscal year to end of covered fiscal year for awards made in prior fiscal years that were unvested at end of current fiscal year		(24,802)		4,922		67,595
Change in fair value from end of prior fiscal year to vesting date for awards made in prior fiscal years that vested during covered fiscal year		(12,266)		1,882		24,300
Total average compensation actually paid to non-PEO NEOs	$	424,478	$	386,517	$	474,380

Compensation Actually Paid vs. Total Shareholder Return

The following graphs show the relationship between the compensation actually paid to our PEO and the average of the compensation actually paid to our other NEOs to our total shareholder return, net income and diluted earnings per common share and the relationship between our cumulative total shareholder return and the cumulative total shareholder return of the peer group, each over the three most recently completed fiscal years as reported in the table above:

Compensation Actually Paid vs. Net Income

Compensation Actually Paid vs. Company Selected Measure

Total Shareholder Return Vs Peer Group

Tabular List, Table

Financial Performance Measures Used to Link Executive Compensation to Company Performance

The following list presents the most important financial measures, as determined by the Compensation Committee, used by the Company to link compensation actually paid to our NEOs, for fiscal year 2023, to the Company’s performance:

● Diluted earnings per common share

● Tangible return on average tangible common equity

● Return on average assets

● Net interest margin

● Non-performing asset ratio

Total Shareholder Return Amount

$ 167.21

193.14

188.77

Peer Group Total Shareholder Return Amount

116.10

143.56

162.61

Net Income (Loss)

$ 39,237,000

$ 47,169,000

$ 47,180,000

Company Selected Measure Amount | $ / shares

3.85

5.21

5.22

PEO Name

Greg A. Steffens

Measure:: 1

Pay vs Performance Disclosure

Name

Diluted earnings per common share

Non-GAAP Measure Description

(8) Represents our diluted earnings per common share, for each year indicated, which we believe represents the most important financial performance measure that was used to link compensation actually paid to our PEO and non-PEO NEOs for the most recent fiscal year to Company performance.

Measure:: 2

Pay vs Performance Disclosure

Name

Tangible return on average tangible common equity

Measure:: 3

Pay vs Performance Disclosure

Name

Return on average assets

Measure:: 4

Pay vs Performance Disclosure

Name

Net interest margin

Measure:: 5

Pay vs Performance Disclosure

Name

Non-performing asset ratio

PEO | Fair value of equity awards granted during covered fiscal year

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

$ (77,555)

$ (84,006)

$ (87,872)

PEO | Fair value of equity awards granted in covered fiscal year and that were unvested at end of such covered fiscal year - valued at year-end

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

56,588

68,008

138,552

PEO | Change in fair value from end of prior fiscal year to end of covered fiscal year for awards made in prior fiscal years that were unvested at end of current fiscal year

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

(44,694)

8,761

133,187

PEO | Change in fair value from end of prior fiscal year to vesting date for awards made in prior fiscal years that vested during covered fiscal year

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

(22,618)

3,526

50,818

Non-PEO NEO | Fair value of equity awards granted during covered fiscal year

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

(111,725)

(46,098)

(48,516)

Non-PEO NEO | Fair value of equity awards granted in covered fiscal year and that were unvested at end of such covered fiscal year - valued at year-end

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

84,409

37,184

77,736

Non-PEO NEO | Change in fair value from end of prior fiscal year to end of covered fiscal year for awards made in prior fiscal years that were unvested at end of current fiscal year

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

(24,802)

4,922

67,595

Non-PEO NEO | Change in fair value from end of prior fiscal year to vesting date for awards made in prior fiscal years that vested during covered fiscal year

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

$ (12,266)

$ 1,882

$ 24,300