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v3.22.2.2

Income Taxes (Tables) | 3 Months Ended
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Sep. 30, 2022
Income Taxes |
Schedule of Income Tax Provision | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | For the three-month periods ended
(dollars in thousands) | ​ | September 30, 2022 | ​ | September 30, 2021
Income taxes |  | ​ |  |  | ​ |
Current | ​ | $ | 2,436 | ​ | $ | 3,481
Deferred | ​ |  | 7 | ​ |  | 7
Total income tax provision | ​ | $ | 2,443 | ​ | $ | 3,488
Schedule of components of net deferred tax assets | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
(dollars in thousands) |  | September 30, 2022 |  | June 30, 2022
Deferred tax assets: |  | ​ |  |  | ​ |
Provision for losses on loans | ​ | $ | 8,875 | ​ | $ | 7,761
Accrued compensation and benefits | ​ |  | 598 | ​ |  | 828
NOL carry forwards acquired | ​ |  | 41 | ​ |  | 57
Unrealized loss on other real estate | ​ |  | 32 | ​ |  | 72
Unrealized loss on available for sale securities | ​ | ​ | 5,510 | ​ | ​ | 4,921
Total deferred tax assets | ​ |  | 15,056 | ​ |  | 13,639
​ | ​ | ​ | ​ | ​ | ​ | ​
Deferred tax liabilities: | ​ |  | ​ | ​ |  | ​
Purchase accounting adjustments | ​ |  | 296 | ​ |  | 224
Depreciation | ​ |  | 1,820 | ​ |  | 1,974
FHLB stock dividends | ​ |  | 120 | ​ |  | 120
Prepaid expenses | ​ |  | 368 | ​ |  | 415
Other | ​ |  | 1,145 | ​ |  | 181
Total deferred tax liabilities | ​ |  | 3,749 | ​ |  | 2,914
Net deferred tax asset | ​ | $ | 11,307 | ​ | $ | 10,725
Schedule of reconciliation of income tax expense at the statutory rate | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | For the three-month periods ended | ​
(dollars in thousands) | ​ | September 30, 2022 | ​ | September 30, 2021 | ​
Tax at statutory rate | ​ | $ | 2,530 | ​ | $ | 3,409 | ​
Increase (reduction) in taxes resulting from: | ​ |  | ​ | ​ |  | ​ | ​
Nontaxable municipal income | ​ |  | (81) | ​ |  | (107) | ​
State tax, net of Federal benefit | ​ |  | 13 | ​ |  | 252 | ​
Cash surrender value of Bank-owned life insurance | ​ |  | (67) | ​ |  | (59) | ​
Tax credit benefits | ​ |  | (2) | ​ |  | (11) | ​
Other, net | ​ |  | 50 | ​ |  | 4 | ​
Actual provision | ​ | $ | 2,443 | ​ | $ | 3,488 | ​

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- Definition Represents the textual narrative disclosure of Reconciliation of Income Tax Expense at the Statutory Rate to Actual Income Tax, during the indicated time period. + References No definition available. + Details
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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=121826272&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=121826272&loc=d3e32687-109319 + Details
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