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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Mar. 31, 2016
Mar. 31, 2015
Interest and Dividend Income        
Loans $ 19,440 $ 19,575 $ 58,408 $ 57,954
Securities available for sale 986 919 3,223 2,608
Certificates of deposit and other interest-bearing deposits 1,010 781 2,691 1,846
Other investments 361 261 1,050 551
Total interest and dividend income 21,797 21,536 65,372 62,959
Interest Expense        
Deposits 1,090 1,220 3,422 3,710
Other borrowings 487 128 1,009 271
Total interest expense 1,577 1,348 4,431 3,981
Net Interest Income 20,220 20,188 60,941 58,978
Recovery of Loan Losses 0 0 0 (250)
Net Interest Income after Recovery of Loan Losses 20,220 20,188 60,941 59,228
Noninterest Income        
Service charges on deposit accounts 1,614 1,732 4,931 4,111
Mortgage banking income and fees 690 672 2,008 2,232
Gain from sales of securities available for sale 0 0 0 61
Other, net 1,080 909 2,819 2,497
Total noninterest income 3,384 3,313 9,758 8,901
Noninterest Expense        
Salaries and employee benefits 10,255 10,629 31,987 30,506
Net occupancy expense 2,234 2,381 6,799 6,266
Marketing and advertising 528 461 1,512 1,472
Telephone, postage, and supplies 859 912 2,531 2,348
Deposit insurance premiums 459 608 1,507 1,453
Computer services 1,418 1,763 4,408 4,366
Loss (gain) on sale and impairment of REO 172 (32) 310 (268)
REO expense 305 390 987 1,178
Core deposit intangible amortization 710 842 2,227 1,740
Merger-related expenses 0 1,686 0 5,417
Other 2,433 2,385 6,782 6,179
Total noninterest expense 19,373 22,025 59,050 60,657
Income Before Income Taxes 4,231 1,476 11,649 7,472
Income Tax Expense 1,090 314 3,495 2,005
Net Income $ 3,141 $ 1,162 $ 8,154 $ 5,467
Net income per common share:        
Basic (in dollars per share) $ 0.18 $ 0.06 $ 0.46 $ 0.28
Diluted (in dollars per share) $ 0.18 $ 0.06 $ 0.46 $ 0.28
Average shares outstanding:        
Basic (in shares) 17,183,894 19,113,387 17,581,833 19,146,025
Diluted (in shares) 17,369,871 19,192,702 17,762,375 19,232,791