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v3.25.2

Condensed Parent Company Only Financial Statements (Tables) | 12 Months Ended
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Jun. 30, 2025
Condensed Parent Company Only Financial Statements |
Parent Company Condensed Balance Sheets | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | June 30,
(dollars in thousands) | ​ | 2025 |  | 2024
Condensed Balance Sheets | ​ | ​
Assets | ​ | ​ |  |  | ​ |
Cash and cash equivalents | ​ | $ | 18,449 | ​ | $ | 13,967
Other assets | ​ | ​ | 51,483 | ​ | ​ | 52,220
Investment in common stock of Bank | ​ | ​ | 498,347 | ​ | ​ | 446,131
TOTAL ASSETS | ​ | $ | 568,279 | ​ | $ | 512,318
​ | ​ | ​ | ​ | ​ | ​ | ​
Liabilities and Stockholders' Equity | ​ | ​ |  | ​ | ​ |
Accrued expenses and other liabilities | ​ | $ | 379 | ​ | $ | 414
Subordinated debt | ​ | ​ | 23,208 | ​ | ​ | 23,156
TOTAL LIABILITIES | ​ | ​ | 23,587 | ​ | ​ | 23,570
Stockholders' equity | ​ | ​ | 544,692 | ​ | ​ | 488,748
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | ​ | $ | 568,279 | ​ | $ | 512,318
Parent Company Condensed Statements of Income | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year ended June 30,
(dollars in thousands) | ​ | 2025 | ​ | 2024 |  | 2023
Condensed Statements of Income | ​ | ​
Interest income | ​ | $ | 37 | ​ | $ | 41 | ​ | $ | 32
Interest expense | ​ |  | 1,628 | ​ | ​ | 1,742 | ​ | ​ | 1,439
Net interest expense | ​ |  | (1,591) | ​ | ​ | (1,701) | ​ | ​ | (1,407)
Dividends from Bank | ​ | ​ | 17,000 | ​ | ​ | 16,000 | ​ | ​ | 48,000
Operating expenses | ​ | ​ | 1,248 | ​ | ​ | 1,018 | ​ | ​ | 3,041
Income before income taxes and equity in undistributed income of the Bank | ​ | ​ | 14,161 | ​ | ​ | 13,281 | ​ | ​ | 43,552
Income tax (expense) benefit | ​ | ​ | (54) | ​ | ​ | 571 | ​ | ​ | 552
Income before equity in undistributed income of the Bank | ​ | ​ | 14,107 | ​ | ​ | 13,852 | ​ | ​ | 44,104
Equity in undistributed income of the Bank | ​ | ​ | 44,471 | ​ | ​ | 36,330 | ​ | ​ | (4,867)
NET INCOME | ​ | $ | 58,578 | ​ | $ | 50,182 | ​ | $ | 39,237
COMPREHENSIVE INCOME | ​ | $ | 64,655 | ​ | $ | 54,652 | ​ | $ | 34,799
Parent Company Condensed Statements of Cash Flows | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year ended June 30,
(dollars in thousands) |  | 2025 |  | 2024 |  | 2023
Condensed Statements of Cash Flow | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Cash Flows from operating activities: | ​ | ​
Net income | ​ | $ | 58,578 | ​ | $ | 50,182 | ​ | $ | 39,237
Changes in: | ​ |  | ​ | ​ | ​ | ​ | ​ | ​ | ​
Equity in undistributed income of the Bank | ​ |  | (44,471) | ​ | ​ | (36,330) | ​ | ​ | 4,867
Other adjustments, net | ​ | ​ | 753 | ​ | ​ | 56 | ​ | ​ | 388
NET CASH PROVIDED BY OPERATING ACTIVITES | ​ | ​ | 14,860 | ​ | ​ | 13,908 | ​ | ​ | 44,492
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Investments in Bank subsidiaries | ​ | ​ | — | ​ | ​ | — | ​ | ​ | (31,382)
NET CASH USED IN INVESTING ACTIVITIES | ​ | ​ | — | ​ | ​ | — | ​ | ​ | (31,382)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Cash flows from financing activities: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Dividends on common stock | ​ | ​ | (10,378) | ​ | ​ | (9,526) | ​ | ​ | (8,632)
Payments to acquire treasury stock | ​ | ​ | — | ​ | ​ | (3,857) | ​ | ​ | —
NET CASH USED IN FINANCING ACTIVITIES | ​ | ​ | (10,378) | ​ | ​ | (13,383) | ​ | ​ | (8,632)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net increase in cash and cash equivalents | ​ | ​ | 4,482 | ​ | ​ | 525 | ​ | ​ | 4,478
Cash and cash equivalents at beginning of year | ​ | ​ | 13,967 | ​ | ​ | 13,442 | ​ | ​ | 8,964
CASH AND CASH EQUIVALENTS AT END OF YEAR | ​ | $ | 18,449 | ​ | $ | 13,967 | ​ | $ | 13,442
​

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