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Income Taxes (Tables) | 12 Months Ended
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Jun. 30, 2024
Income Taxes |
Schedule of components of net deferred tax assets | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
(dollars in thousands) |  | June 30, 2024 |  | June 30, 2023
Deferred tax assets: |  | ​ |  |  | ​ |
Provision for losses on loans | ​ | $ | 12,159 | ​ | $ | 12,101
Accrued compensation and benefits | ​ |  | 1,063 | ​ |  | 974
NOL carry forwards acquired | ​ |  | 30 | ​ |  | 709
Low income housing tax credit carry forward | ​ |  | 396 | ​ |  | 1,192
Unrealized loss on other real estate | ​ |  | 949 | ​ |  | 818
Unrealized loss on available for sale securities | ​ | ​ | 4,915 | ​ | ​ | 6,174
Total deferred tax assets | ​ |  | 19,512 | ​ |  | 21,968
​ | ​ | ​ | ​ | ​ | ​ | ​
Deferred tax liabilities: | ​ |  | ​ | ​ |  | ​
Purchase accounting adjustments | ​ |  | 2,452 | ​ |  | 2,348
Depreciation | ​ |  | 4,519 | ​ |  | 4,276
FHLB stock dividends | ​ |  | 120 | ​ |  | 120
Prepaid expenses | ​ |  | 705 | ​ |  | 728
Other | ​ |  | 529 | ​ |  | 1,636
Total deferred tax liabilities | ​ |  | 8,325 | ​ |  | 9,108
Net deferred tax asset | ​ | $ | 11,187 | ​ | $ | 12,860
Schedule of reconciliation of income tax expense at the statutory rate | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | For the year ended June 30
(dollars in thousands) | ​ | 2024 | ​ | 2023 | ​ | 2022
Tax at statutory rate | ​ | $ | 13,253 | ​ | $ | 10,387 | ​ | $ | 12,580
Increase (reduction) in taxes resulting from: | ​ |  | ​ | ​ |  | ​ | ​ |  | ​
Nontaxable municipal income | ​ |  | (471) | ​ |  | (327) | ​ |  | (349)
State tax, net of Federal benefit | ​ |  | 412 | ​ |  | 46 | ​ |  | 812
Cash surrender value of Bank-owned life insurance | ​ |  | (401) | ​ |  | (318) | ​ |  | (245)
Tax credit benefits | ​ |  | (12) | ​ |  | (19) | ​ |  | (45)
Other, net | ​ |  | 147 | ​ |  | 457 | ​ |  | (18)
Actual provision | ​ | $ | 12,928 | ​ | $ | 10,226 | ​ | $ | 12,735

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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://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-2 + Details
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