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Income Taxes (Tables) | 6 Months Ended
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Dec. 31, 2020
Income Taxes |
Schedule of Effective Income Tax Rate Reconciliation | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | For the three-month periods ended |  | For the six-month periods ended
(dollars in thousands) | ​ | December 31, 2020 | ​ | December 31, 2019 | ​ | December 31, 2020 | ​ | December 31, 2019
Income taxes |  | ​ |  |  | ​ |  | ​ | ​ |  |  | ​ |
Current | ​ | $ | 3,139 | ​ | $ | 1,915 | ​ | $ | 5,903 | ​ | $ | 3,884
Deferred | ​ |  | 14 | ​ |  | 6 | ​ |  | (3) | ​ |  | 12
Total income tax provision | ​ | $ | 3,153 | ​ | $ | 1,921 | ​ | $ | 5,900 | ​ | $ | 3,896
Schedule of Deferred Tax Assets and Liabilities | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
(dollars in thousands) |  | December 31, 2020 |  | June 30, 2020
Deferred tax assets: |  | ​ |  |  | ​ |
Provision for losses on loans | ​ | $ | 8,309 | ​ | $ | 5,802
Accrued compensation and benefits | ​ |  | 607 | ​ |  | 825
NOL carry forwards acquired | ​ |  | 123 | ​ |  | 149
Minimum Tax Credit | ​ |  | — | ​ |  | 130
Unrealized loss on other real estate | ​ |  | 170 | ​ |  | 257
Other | ​ |  | — | ​ |  | 26
Total deferred tax assets | ​ |  | 9,209 | ​ |  | 7,189
​ | ​ | ​ | ​ | ​ | ​ | ​
Deferred tax liabilities: | ​ |  | ​ | ​ |  | ​
Purchase accounting adjustments | ​ |  | 165 | ​ |  | 64
Depreciation | ​ |  | 1,664 | ​ |  | 1,665
FHLB stock dividends | ​ |  | 120 | ​ |  | 120
Prepaid expenses | ​ |  | 255 | ​ |  | 259
Unrealized gain on available for sale securities | ​ |  | 1,195 | ​ |  | 1,265
Other | ​ |  | 39 | ​ |  | 104
Total deferred tax liabilities | ​ |  | 3,438 | ​ |  | 3,477
​ | ​ | ​ | ​ | ​ | ​ | ​
Net deferred tax asset | ​ | $ | 5,771 | ​ | $ | 3,712
Schedule of Reconciliation of Income Tax Expense at the Statutory Rate to Actual Income Tax | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | For the three-month periods ended |  | For the six-month periods ended
(dollars in thousands) | ​ | December 31, 2020 |  | December 31, 2019 |  | December 31, 2020 | ​ | December 31, 2019
Tax at statutory rate | ​ | $ | 3,192 | ​ | $ | 2,024 | ​ | $ | 5,866 | ​ | $ | 4,083
Increase (reduction) in taxes resulting from: | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​
Nontaxable municipal income | ​ |  | (108) | ​ |  | (113) | ​ |  | (211) | ​ |  | (226)
State tax, net of Federal benefit | ​ |  | 261 | ​ |  | 87 | ​ |  | 502 | ​ |  | 196
Cash surrender value of Bank-owned life insurance | ​ |  | (205) | ​ |  | (53) | ​ |  | (263) | ​ |  | (106)
Tax credit benefits | ​ |  | (5) | ​ |  | (4) | ​ |  | (9) | ​ |  | (6)
Other, net | ​ |  | 18 | ​ |  | (20) | ​ |  | 15 | ​ |  | (45)
Actual provision | ​ | $ | 3,153 | ​ | $ | 1,921 | ​ | $ | 5,900 | ​ | $ | 3,896

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- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32537-109319 + Details
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- Definition Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32687-109319 + Details
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