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Condensed Parent Company Only Financial Statements (Tables) | 12 Months Ended
--- | ---
Jun. 30, 2024
Condensed Parent Company Only Financial Statements |
Parent Company Condensed Balance Sheets | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | June 30,
(dollars in thousands) | ​ | 2024 |  | 2023
Condensed Balance Sheets | ​ | ​
Assets | ​ | ​ |  |  | ​ |
Cash and cash equivalents | ​ | $ | 13,967 | ​ | $ | 13,442
Other assets | ​ | ​ | 52,220 | ​ | ​ | 52,178
Investment in common stock of Bank | ​ | ​ | 446,131 | ​ | ​ | 404,247
TOTAL ASSETS | ​ | $ | 512,318 | ​ | $ | 469,867
​ | ​ | ​ | ​ | ​ | ​ | ​
Liabilities and Stockholders' Equity | ​ | ​ |  | ​ | ​ |
Accrued expenses and other liabilities | ​ | $ | 414 | ​ | $ | 704
Subordinated debt | ​ | ​ | 23,156 | ​ | ​ | 23,105
TOTAL LIABILITIES | ​ | ​ | 23,570 | ​ | ​ | 23,809
Stockholders' equity | ​ | ​ | 488,748 | ​ | ​ | 446,058
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | ​ | $ | 512,318 | ​ | $ | 469,867
Parent Company Condensed Statements of Income | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year ended June 30,
(dollars in thousands) | ​ | 2024 | ​ | 2023 |  | 2022
Condensed Statements of Income | ​ | ​
Interest income | ​ | $ | 41 | ​ | $ | 32 | ​ | $ | 14
Interest expense | ​ |  | 1,742 | ​ | ​ | 1,439 | ​ | ​ | 686
Net interest expense | ​ |  | (1,701) | ​ | ​ | (1,407) | ​ | ​ | (672)
Dividends from Bank | ​ | ​ | 16,000 | ​ | ​ | 48,000 | ​ | ​ | 31,000
Operating expenses | ​ | ​ | 1,018 | ​ | ​ | 3,041 | ​ | ​ | 1,124
Income before income taxes and equity in undistributed income of the Bank | ​ | ​ | 13,281 | ​ | ​ | 43,552 | ​ | ​ | 29,204
Income tax benefit | ​ | ​ | 571 | ​ | ​ | 552 | ​ | ​ | 321
Income before equity in undistributed income of the Bank | ​ | ​ | 13,852 | ​ | ​ | 44,104 | ​ | ​ | 29,525
Equity in undistributed income of the Bank | ​ | ​ | 36,330 | ​ | ​ | (4,867) | ​ | ​ | 17,644
NET INCOME | ​ | $ | 50,182 | ​ | $ | 39,237 | ​ | $ | 47,169
COMPREHENSIVE INCOME | ​ | $ | 54,652 | ​ | $ | 34,799 | ​ | $ | 26,800
Parent Company Condensed Statements of Cash Flows | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year ended June 30,
(dollars in thousands) |  | 2024 |  | 2023 |  | 2022
Condensed Statements of Cash Flow | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Cash Flows from operating activities: | ​ | ​
Net income | ​ | $ | 50,182 | ​ | $ | 39,237 | ​ | $ | 47,169
Changes in: | ​ |  | ​ | ​ | ​ | ​ | ​ | ​ | ​
Equity in undistributed income of the Bank | ​ |  | (36,330) | ​ | ​ | 4,867 | ​ | ​ | (17,644)
Other adjustments, net | ​ | ​ | 56 | ​ | ​ | 388 | ​ | ​ | (698)
NET CASH PROVIDED BY OPERATING ACTIVITES | ​ | ​ | 13,908 | ​ | ​ | 44,492 | ​ | ​ | 28,827
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Investments in Bank subsidiaries | ​ | ​ | — | ​ | ​ | (31,382) | ​ | ​ | (8,024)
NET CASH USED IN INVESTING ACTIVITIES | ​ | ​ | — | ​ | ​ | (31,382) | ​ | ​ | (8,024)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Cash flows from financing activities: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Dividends on common stock | ​ | ​ | (9,526) | ​ | ​ | (8,632) | ​ | ​ | (7,194)
Payments to acquire treasury stock | ​ | ​ | (3,857) | ​ | ​ | — | ​ | ​ | (5,838)
NET CASH USED IN FINANCING ACTIVITIES | ​ | ​ | (13,383) | ​ | ​ | (8,632) | ​ | ​ | (13,032)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net increase in cash and cash equivalents | ​ | ​ | 525 | ​ | ​ | 4,478 | ​ | ​ | 7,771
Cash and cash equivalents at beginning of year | ​ | ​ | 13,442 | ​ | ​ | 8,964 | ​ | ​ | 1,193
CASH AND CASH EQUIVALENTS AT END OF YEAR | ​ | $ | 13,967 | ​ | $ | 13,442 | ​ | $ | 8,964
​

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