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Income Taxes (Tables) | 9 Months Ended
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Mar. 31, 2024
Income Taxes |
Schedule of income tax provision | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | For the three-month periods ended |  | For the nine-month periods ended
(dollars in thousands) | ​ | March 31, 2024 | ​ | March 31, 2023 | ​ | March 31, 2024 | ​ | March 31, 2023
Income taxes |  | ​ |  |  | ​ |  | ​ | ​ |  |  | ​ |
Current | ​ | $ | 2,417 | ​ | $ | 2,572 | ​ | $ | 9,077 | ​ | $ | 8,269
Deferred | ​ |  | 420 | ​ |  | (1,994) | ​ |  | 420 | ​ |  | (1,981)
Total income tax provision | ​ | $ | 2,837 | ​ | $ | 578 | ​ | $ | 9,497 | ​ | $ | 6,288
Schedule of components of net deferred tax assets | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
(dollars in thousands) |  | March 31, 2024 |  | June 30, 2023
Deferred tax assets: |  | ​ |  |  | ​ |
Provision for losses on loans | ​ | $ | 12,070 | ​ | $ | 12,101
Accrued compensation and benefits | ​ |  | 969 | ​ |  | 974
NOL carry forwards acquired | ​ |  | 123 | ​ |  | 709
Low income tax credit carry forward | ​ |  | 595 | ​ |  | 1,192
Unrealized loss on other real estate | ​ |  | 949 | ​ |  | 818
Unrealized loss on available for sale securities | ​ | ​ | 5,363 | ​ | ​ | 6,174
Total deferred tax assets | ​ |  | 20,069 | ​ |  | 21,968
​ | ​ | ​ | ​ | ​ | ​ | ​
Deferred tax liabilities: | ​ |  | ​ | ​ |  | ​
Purchase accounting adjustments | ​ |  | 2,449 | ​ |  | 2,348
Depreciation | ​ |  | 4,684 | ​ |  | 4,276
FHLB stock dividends | ​ |  | 120 | ​ |  | 120
Prepaid expenses | ​ |  | 677 | ​ |  | 728
Other | ​ |  | 509 | ​ |  | 1,636
Total deferred tax liabilities | ​ |  | 8,439 | ​ |  | 9,108
Net deferred tax asset | ​ | $ | 11,630 | ​ | $ | 12,860
Schedule of reconciliation of income tax expense at the statutory rate | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | For the three-month periods ended |  | For the nine-month periods ended
(dollars in thousands) | ​ | March 31, 2024 | ​ | March 31, 2023 | ​ | March 31, 2024 | ​ | March 31, 2023
Tax at statutory rate | ​ | $ | 2,970 | ​ | $ | 627 | ​ | $ | 9,692 | ​ | $ | 6,292
Increase (reduction) in taxes resulting from: | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​
Nontaxable municipal income | ​ |  | (124) | ​ |  | (54) | ​ |  | (349) | ​ |  | (211)
State tax, net of Federal benefit | ​ |  | 61 | ​ |  | (179) | ​ |  | 356 | ​ |  | —
Cash surrender value of Bank-owned life insurance | ​ |  | (101) | ​ |  | (77) | ​ |  | (297) | ​ |  | (211)
Tax credit benefits | ​ |  | (3) | ​ |  | (3) | ​ |  | (10) | ​ |  | (7)
Other, net | ​ |  | 34 | ​ |  | 264 | ​ |  | 105 | ​ |  | 425
Actual provision | ​ | $ | 2,837 | ​ | $ | 578 | ​ | $ | 9,497 | ​ | $ | 6,288

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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 -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Paragraph 2 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482685/740-10-50-2 + 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 -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Paragraph 12 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482685/740-10-50-12 + Details
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