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Income Taxes (Tables) | 6 Months Ended
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Dec. 31, 2021
Income Taxes |
Schedule of Income Tax Provision | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | For the three-month periods ended |  | For the six-month periods ended
(dollars in thousands) | ​ | December 31, 2021 | ​ | December 31, 2020 | ​ | December 31, 2021 | ​ | December 31, 2020
Income taxes |  | ​ |  |  | ​ |  | ​ | ​ |  |  | ​ |
Current | ​ | $ | 2,785 | ​ | $ | 3,139 | ​ | $ | 6,262 | ​ | $ | 5,903
Deferred | ​ |  | 503 | ​ |  | 14 | ​ |  | 513 | ​ |  | (3)
Total income tax provision | ​ | $ | 3,288 | ​ | $ | 3,153 | ​ | $ | 6,775 | ​ | $ | 5,900
Schedule of components of net deferred tax assets | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
(dollars in thousands) |  | December 31, 2021 |  | June 30, 2021
Deferred tax assets: |  | ​ |  |  | ​ |
Provision for losses on loans | ​ | $ | 7,586 | ​ | $ | 7,626
Accrued compensation and benefits | ​ |  | 621 | ​ |  | 826
NOL carry forwards acquired | ​ |  | 122 | ​ |  | 147
Unrealized loss on other real estate | ​ |  | 227 | ​ |  | 180
Other | ​ |  | — | ​ |  | 182
Total deferred tax assets | ​ |  | 8,556 | ​ |  | 8,961
​ | ​ | ​ | ​ | ​ | ​ | ​
Deferred tax liabilities: | ​ |  | ​ | ​ |  | ​
Purchase accounting adjustments | ​ |  | 242 | ​ |  | 210
Depreciation | ​ |  | 1,590 | ​ |  | 1,842
FHLB stock dividends | ​ |  | 120 | ​ |  | 120
Prepaid expenses | ​ |  | 256 | ​ |  | 283
Unrealized gain on available for sale securities | ​ |  | 286 | ​ |  | 821
Other | ​ |  | 1,623 | ​ |  | 1,193
Total deferred tax liabilities | ​ |  | 4,117 | ​ |  | 4,469
Net deferred tax asset | ​ | $ | 4,439 | ​ | $ | 4,492
Schedule of reconciliation of income tax expense at the statutory rate | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | For the three-month periods ended |  | For the six-month periods ended | ​
(dollars in thousands) | ​ | December 31, 2021 | ​ | December 31, 2020 | ​ | December 31, 2021 | ​ | December 31, 2020 | ​
Tax at statutory rate | ​ | $ | 3,207 | ​ | $ | 3,192 | ​ | $ | 6,616 | ​ | $ | 5,866 | ​
Increase (reduction) in taxes resulting from: | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​
Nontaxable municipal income | ​ |  | (87) | ​ |  | (108) | ​ |  | (193) | ​ |  | (211) | ​
State tax, net of Federal benefit | ​ |  | 216 | ​ |  | 261 | ​ |  | 468 | ​ |  | 502 | ​
Cash surrender value of Bank-owned life insurance | ​ |  | (59) | ​ |  | (205) | ​ |  | (118) | ​ |  | (263) | ​
Tax credit benefits | ​ |  | (10) | ​ |  | (5) | ​ |  | (21) | ​ |  | (9) | ​
Other, net | ​ |  | 21 | ​ |  | 18 | ​ |  | 23 | ​ |  | 15 | ​
Actual provision | ​ | $ | 3,288 | ​ | $ | 3,153 | ​ | $ | 6,775 | ​ | $ | 5,900 | ​

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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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