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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Interest Income    
Loans $ 52,974 $ 33,180
Investment securities 1,713 665
Mortgage-backed securities 3,371 990
Other interest-earning assets 49 162
Total interest income 58,107 34,997
Interest Expense    
Deposits 20,440 5,761
Advances from FHLB 1,838 438
Subordinated debt 435 290
Total interest expense 22,713 6,489
Net Interest Income 35,394 28,508
Provision for Credit Losses 900 5,056
Net Interest Income After Provision for Credit Losses 34,494 23,452
Noninterest Income    
Deposit account charges and related fees 1,791 1,777
Bank card interchange income 1,345 1,018
Loan late charges 113 122
Loan servicing fees 231 312
Other loan fees 357 882
Net realized gains on sale of loans 213 292
Earnings on bank owned life insurance 458 318
Other income 1,345 793
Total noninterest income 5,853 5,514
Noninterest Expense    
Compensation and benefits 12,649 9,752
Occupancy and equipment, net 3,515 2,447
Data processing expense 2,308 1,445
Telecommunications expense 531 331
Deposit insurance premiums 550 215
Legal and professional fees 416 411
Advertising 465 449
Postage and office supplies 302 213
Intangibles amortization 1,018 402
Foreclosed property expenses/losses (8) (41)
Other operating expense 1,963 1,296
Total noninterest expense 23,709 16,920
Income Before Income Taxes 16,638 12,046
Income Taxes 3,487 2,443
Net Income $ 13,151 $ 9,603
Basic earnings per share $ 1.16 $ 1.04
Diluted earnings per share 1.16 1.04
Dividends paid $ 0.21 $ 0.21