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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Mar. 31, 2022
Mar. 31, 2021
INTEREST AND DIVIDEND INCOME:        
Loans, including fees $ 153,873 $ 147,936 $ 452,518 $ 436,445
Securities borrowed and customer receivables 3,833 4,453 16,050 14,196
Investments 2,475 3,285 6,999 10,301
Total interest and dividend income 160,181 155,674 475,567 460,942
INTEREST EXPENSE:        
Deposits 6,924 14,034 22,441 49,683
Advances from the Federal Home Loan Bank 973 992 2,962 3,690
Securities loaned 152 453 621 832
Other borrowings 2,594 4,526 7,795 9,649
Total interest expense 10,643 20,005 33,819 63,854
Net interest income 149,538 135,669 441,748 397,088
Provision for credit losses 4,500 2,700 12,500 22,500
Net interest income, after provision for credit losses 145,038 132,969 429,248 374,588
NON-INTEREST INCOME:        
Prepayment penalty fee income 2,793 1,342 9,073 4,289
Gain on sale – other 61 214 106 704
Mortgage banking income 5,729 9,037 15,594 39,255
Broker-dealer fee income 12,913 7,942 39,046 19,931
Banking and service fees 7,278 5,352 22,444 24,281
Total non-interest income 28,774 23,887 86,263 88,460
NON-INTEREST EXPENSE:        
Salaries and related costs 43,133 38,545 123,849 115,367
Data processing 12,274 10,171 36,565 27,772
Depreciation and amortization 6,061 5,865 18,574 17,913
Advertising and promotional 3,357 4,261 10,131 10,600
Professional services 4,346 5,712 14,834 17,340
Occupancy and equipment 3,742 3,096 10,265 9,239
FDIC and regulatory fees 3,115 3,107 7,856 8,400
Broker-dealer clearing charges 3,561 3,278 11,244 7,986
General and administrative expense 7,230 6,772 23,951 18,033
Total non-interest expense 86,819 80,807 257,269 232,650
Income before taxes 86,993 76,049 258,242 230,398
INCOME TAXES 25,170 22,404 75,422 68,946
NET INCOME 61,823 53,645 182,820 161,452
NET INCOME ATTRIBUTABLE TO COMMON STOCK 61,823 53,645 182,820 161,262
COMPREHENSIVE INCOME $ 58,853 $ 54,687 $ 178,687 $ 164,682
Basic earnings per common share (in dollars per share) $ 1.04 $ 0.91 $ 3.07 $ 2.72
Diluted earnings per common share (in dollars per share) $ 1.02 $ 0.89 $ 3.02 $ 2.67