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Loans and Allowance for Credit Losses (Tables)

3 Months Ended

Sep. 30, 2025

Loans and Allowance for Credit Losses

Schedule of classes of loans


(dollars in thousands)		September 30, 2025			June 30, 2025

1-4 Family residential real estate		$	1,021,300		$	992,445
Non-owner occupied commercial real estate			918,275			888,317
Owner occupied commercial real estate			454,265			442,984
Multi-family real estate			445,953			422,758
Construction and land development			283,912			332,405
Agriculture real estate			255,610			244,983
Total loans secured by real estate			3,379,315			3,323,892

Commercial and industrial			521,945			510,259
Agriculture production			229,338			206,128
Consumer			56,051			55,387
All other loans			5,094			5,102
Gross loans			4,191,743			4,100,768

Deferred loan fees, net			—			(178)
Allowance for credit losses			(52,081)			(51,629)
Net loans		$	4,139,662		$	4,048,961

Schedule of balance in the allowance for loan losses and the recorded investment in loans based on portfolio segment and impairment methods


		At period end and for the three months ended September 30, 2025
		Balance			Provision									Balance
		beginning			(benefit) charged			Losses						end
(dollars in thousands)		of period			to expense			charged off			Recoveries			of period
Allowance for credit losses on loans:
1-4 Family residential real estate		$	10,274		$	1,310		$	(150)		$	—		$	11,434
Non-owner occupied commercial real estate			12,241			1,148			(2,875)			—			10,514
Owner occupied commercial real estate			4,521			(189)			—			—			4,332
Multi-family real estate			4,329			(350)			—			—			3,979
Construction and land development			4,788			(154)			(161)			—			4,473
Agriculture real estate			4,194			568			—			—			4,762
Commercial and industrial			6,952			1,190			(341)			32			7,833
Agriculture production			3,374			221			(53)			66			3,608
Consumer			952			399			(291)			84			1,144
All other loans			4			(2)			—			—			2
Total		$	51,629		$	4,141		$	(3,871)		$	182		$	52,081


		At period end and for the three months ended September 30, 2024
		Balance			Provision									Balance
		beginning			(benefit) charged			Losses						end
(dollars in thousands)		of period			to expense			charged off			Recoveries			of period
Allowance for credit losses on loans:
1-4 Family residential real estate		$	10,528		$	157		$	(48)		$	—		$	10,637
Non-owner occupied commercial real estate			19,055			1,673			—			—			20,728
Owner occupied commercial real estate			4,815			(1)			—			—			4,814
Multi-family real estate			5,447			(376)			—			47			5,118
Construction and land development			2,901			774			—			—			3,675
Agriculture real estate			2,107			(80)			—			—			2,027
Commercial and industrial			6,233			(85)			(39)			5			6,114
Agriculture production			835			(51)			—			—			784
Consumer			578			13			(72)			7			526
All other loans			17			(3)			—			—			14
Total		$	52,516		$	2,021		$	(159)		$	59		$	54,437

Schedule of allowance for off-balance credit exposure


		At period end and for the three months ended September 30, 2025
		Balance			Provision			Balance
		beginning			(benefit) charged			end
(dollars in thousands)		of period			to expense			of period
Allowance for off-balance sheet credit exposure:
1-4 Family residential real estate		$	202		$	(20)		$	182
Non-owner occupied commercial real estate			134			26			160
Owner occupied commercial real estate			161			(28)			133
Multi-family real estate			—			63			63
Construction and land development			2,279			575			2,854
Agriculture real estate			81			10			91
Commercial and industrial			1,074			(270)			804
Agriculture production			—			—			—
Consumer			—			3			3
All other loans			8			—			8
Total		$	3,939		$	359		$	4,298


		At period end and for the three months ended September 30, 2024
		Balance			Provision			Balance
		beginning			(benefit) charged			end
(dollars in thousands)		of period			to expense			of period
Allowance for off-balance sheet credit exposure:
1-4 Family residential real estate		$	140		$	30		$	170
Non-owner occupied commercial real estate			153			22			175
Owner occupied commercial real estate			136			(14)			122
Multi-family real estate			31			3			34
Construction and land development			1,912			88			2,000
Agriculture real estate			60			(8)			52
Commercial and industrial			782			20			802
Agriculture production			37			(3)			34
Consumer			12			—			12
All other loans			—			—			—
Total		$	3,263		$	138		$	3,401

Schedule of Gross charge-offs by loan class and year of origination


																				Revolving
(dollars in thousands)		2026			2025			2024			2023			2022			Prior			loans			Total
September 30, 2025
1-4 Family residential real estate		$	—		$	—		$	143		$	—		$	7		$	—		$	—		$	150
Non-owner occupied commercial real estate			—			—			—			2,800			75			—			—			2,875
Construction and land development			—			—			—			—			—			161			—			161
Commercial and industrial			—			188			76			10			67			—			—			341
Agriculture production			—			—			—			33			20			—			—			53
Consumer			164			62			30			20			14			1			—			291
Total gross charge-offs		$	164		$	250		$	249		$	2,863		$	183		$	162		$	—		$	3,871


																				Revolving
(dollars in thousands)		2025			2024			2023			2022			2021			Prior			loans			Total
September 30, 2024
1-4 Family residential real estate		$	—		$	—		$	—		$	—		$	—		$	48		$	—		$	48
Commercial and industrial			—			—			28			—			—			11			—			39
Consumer			—			37			21			11			3			—			—			72
Total gross charge-offs		$	—		$	37		$	49		$	11		$	3		$	59		$	—		$	159

Schedule of credit risk profile of the Company's loan portfolio based on rating category and payment activity


																				Revolving
(dollars in thousands)		2026			2025			2024			2023			2022			Prior			loans			Total
1-4 Family residential real estate
Pass		$	74,065		$	184,390		$	103,355		$	128,831		$	162,207		$	245,297		$	116,461		$	1,014,606
Watch			—			546			167			499			335			581			11			2,139
Special Mention			—			—			—			—			—			—			—			—
Substandard			—			—			242			366			883			2,774			290			4,555
Doubtful			—			—			—			—			—			—			—			—
Total 1-4 Family residential real estate		$	74,065		$	184,936		$	103,764		$	129,696		$	163,425		$	248,652		$	116,762		$	1,021,300

Non-owner occupied commercial real estate
Pass		$	93,393		$	120,755		$	74,178		$	191,548		$	254,409		$	127,253		$	8,230		$	869,766
Watch			—			—			1,770			14,998			196			—			—			16,964
Special Mention			—			—			—			—			—			—			—			—
Substandard			—			3,560			—			1,696			26,289			—			—			31,545
Doubtful			—			—			—			—			—			—			—			—
Total Non-owner occupied commercial real estate		$	93,393		$	124,315		$	75,948		$	208,242		$	280,894		$	127,253		$	8,230		$	918,275

Owner occupied commercial real estate
Pass		$	48,019		$	65,628		$	59,711		$	79,600		$	70,811		$	101,884		$	20,765		$	446,418
Watch			124			1,062			2,033			286			810			72			400			4,787
Special Mention			—			—			—			—			—			—			—			—
Substandard			—			—			850			870			886			437			17			3,060
Doubtful			—			—			—			—			—			—			—			—
Total Owner occupied commercial real estate		$	48,143		$	66,690		$	62,594		$	80,756		$	72,507		$	102,393		$	21,182		$	454,265

Multi-family real estate
Pass		$	10,960		$	79,601		$	18,140		$	191,878		$	68,667		$	66,611		$	7,171		$	443,028
Watch			—			1,562			—			—			1,363			—			—			2,925
Special Mention			—			—			—			—			—			—			—			—
Substandard			—			—			—			—			—			—			—			—
Doubtful			—			—			—			—			—			—			—			—
Total Multi-family real estate		$	10,960		$	81,163		$	18,140		$	191,878		$	70,030		$	66,611		$	7,171		$	445,953

Construction and land development
Pass		$	36,415		$	143,752		$	26,734		$	60,914		$	4,696		$	2,855		$	2,051		$	277,417
Watch			—			—			—			191			—			61			—			252
Special Mention			—			—			—			—			—			—			—			—
Substandard			—			—			5,743			—			—			500			—			6,243
Doubtful			—			—			—			—			—			—			—			—
Total Construction and land development		$	36,415		$	143,752		$	32,477		$	61,105		$	4,696		$	3,416		$	2,051		$	283,912

Agriculture real estate
Pass		$	19,175		$	52,788		$	22,666		$	33,605		$	37,830		$	44,256		$	19,376		$	229,696
Watch			4,903			3,985			1,499			2,082			5,413			4,043			132			22,057
Special Mention			—			—			—			—			—			—			—			—
Substandard			—			44			1,438			257			1,351			767			—			3,857
Doubtful			—			—			—			—			—			—			—			—
Total Agriculture real estate		$	24,078		$	56,817		$	25,603		$	35,944		$	44,594		$	49,066		$	19,508		$	255,610

Commercial and industrial
Pass		$	88,117		$	127,978		$	29,906		$	18,833		$	28,593		$	18,958		$	188,196		$	500,581

Watch			723			2,922			4,496			2,277			—			212			5,159			15,789
Special Mention			—			—			—			—			—			—			—			—
Substandard			73			2,790			67			175			897			332			638			4,972
Doubtful			603			—			—			—			—			—			—			603
Total Commercial and industrial		$	89,516		$	133,690		$	34,469		$	21,285		$	29,490		$	19,502		$	193,993		$	521,945

Agriculture production
Pass		$	9,339		$	45,157		$	11,771		$	5,073		$	1,711		$	3,927		$	132,475		$	209,453
Watch			3,681			1,517			871			—			83			—			13,558			19,710
Special Mention			—			—			—			—			—			—			—			—
Substandard			—			26			49			81			8			11			—			175
Doubtful			—			—			—			—			—			—			—			—
Total Agriculture production		$	13,020		$	46,700		$	12,691		$	5,154		$	1,802		$	3,938		$	146,033		$	229,338

Consumer
Pass		$	9,800		$	24,393		$	9,402		$	6,866		$	2,558		$	1,512		$	1,474		$	56,005
Watch			—			—			—			—			—			—			—			—
Special Mention			—			—			—			—			—			—			—			—
Substandard			—			33			—			13			—			—			—			46
Doubtful			—			—			—			—			—			—			—			—
Total Consumer		$	9,800		$	24,426		$	9,402		$	6,879		$	2,558		$	1,512		$	1,474		$	56,051

All other loans
Pass		$	259		$	2,379		$	856		$	183		$	41		$	1,376		$	—		$	5,094
Watch			—			—			—			—			—			—			—			—
Special Mention			—			—			—			—			—			—			—			—
Substandard			—			—			—			—			—			—			—			—
Doubtful			—			—			—			—			—			—			—			—
Total All other loans		$	259		$	2,379		$	856		$	183		$	41		$	1,376		$	—		$	5,094

Total Loans
Pass		$	389,542		$	846,821		$	356,719		$	717,331		$	631,523		$	613,929		$	496,199		$	4,052,064
Watch			9,431			11,594			10,836			20,333			8,200			4,969			19,260			84,623
Special Mention			—			—			—			—			—			—			—			—
Substandard			73			6,453			8,389			3,458			30,314			4,821			945			54,453
Doubtful			603			—			—			—			—			—			—			603
Total		$	399,649		$	864,868		$	375,944		$	741,122		$	670,037		$	623,719		$	516,404		$	4,191,743


																				Revolving
(dollars in thousands)		2025			2024			2023			2022			2021			Prior			loans			Total
1-4 Family residential real estate
Pass		$	204,048		$	110,823		$	133,616		$	167,711		$	126,851		$	132,126		$	112,346		$	987,521
Watch			620			261			376			360			277			250			—			2,144
Special Mention			—			—			—			—			—			—			—			—
Substandard			—			734			190			346			33			1,359			118			2,780
Doubtful			—			—			—			—			—			—			—			—
Total 1-4 Family residential real estate		$	204,668		$	111,818		$	134,182		$	168,417		$	127,161		$	133,735		$	112,464		$	992,445

Non-owner occupied commercial real estate
Pass		$	115,266		$	82,983		$	213,647		$	273,348		$	76,522		$	70,869		$	7,570		$	840,205
Watch			—			1,770			15,146			213			—			—			—			17,129
Special Mention			—			—			—			—			—			—			—			—
Substandard			—			64			4,490			26,429			—			—			—			30,983
Doubtful			—			—			—			—			—			—			—			—
Total Non-owner occupied commercial real estate		$	115,266		$	84,817		$	233,283		$	299,990		$	76,522		$	70,869		$	7,570		$	888,317

Owner occupied commercial real estate
Pass		$	72,469		$	57,047		$	87,899		$	79,946		$	73,291		$	43,764		$	21,206		$	435,622
Watch			1,440			2,234			287			83			—			73			—			4,117
Special Mention			—			—			—			—			—			—			—			—
Substandard			—			868			969			901			71			436			—			3,245

Doubtful			—			—			—			—			—			—			—			—
Total Owner occupied commercial real estate		$	73,909		$	60,149		$	89,155		$	80,930		$	73,362		$	44,273		$	21,206		$	442,984

Multi-family real estate
Pass		$	79,658		$	19,078		$	179,905		$	69,862		$	56,328		$	13,577		$	1,402		$	419,810
Watch			1,571			—			—			1,377			—			—			—			2,948
Special Mention			—			—			—			—			—			—			—			—
Substandard			—			—			—			—			—			—			—			—
Doubtful			—			—			—			—			—			—			—			—
Total Multi-family real estate		$	81,229		$	19,078		$	179,905		$	71,239		$	56,328		$	13,577		$	1,402		$	422,758

Construction and land development
Pass		$	161,995		$	32,148		$	117,395		$	9,144		$	1,829		$	1,396		$	2,020		$	325,927
Watch			—			—			—			—			—			63			—			63
Special Mention			—			—			—			—			—			—			—			—
Substandard			—			5,743			—			—			—			672			—			6,415
Doubtful			—			—			—			—			—			—			—			—
Total Construction and land development		$	161,995		$	37,891		$	117,395		$	9,144		$	1,829		$	2,131		$	2,020		$	332,405

Agriculture real estate
Pass		$	56,350		$	24,526		$	36,351		$	40,456		$	37,094		$	11,570		$	18,747		$	225,094
Watch			3,883			1,092			2,145			5,603			4,043			—			475			17,241
Special Mention			—			—			—			—			—			—			—			—
Substandard			35			2,206			257			150			—			—			—			2,648
Doubtful			—			—			—			—			—			—			—			—
Total Agriculture real estate		$	60,268		$	27,824		$	38,753		$	46,209		$	41,137		$	11,570		$	19,222		$	244,983

Commercial and industrial
Pass		$	169,734		$	38,321		$	36,459		$	31,607		$	16,918		$	6,016		$	192,310		$	491,365
Watch			3,966			4,565			2,453			—			250			13			4,437			15,684
Special Mention			—			—			—			—			—			—			—			—
Substandard			753			111			165			935			53			239			954			3,210
Doubtful			—			—			—			—			—			—			—			—
Total Commercial and industrial		$	174,453		$	42,997		$	39,077		$	32,542		$	17,221		$	6,268		$	197,701		$	510,259

Agriculture production
Pass		$	43,446		$	13,230		$	5,631		$	1,910		$	4,363		$	302		$	119,345		$	188,227
Watch			3,319			888			—			83			—			—			13,357			17,647
Special Mention			—			—			—			—			—			—			—			—
Substandard			26			127			81			8			—			12			—			254
Doubtful			—			—			—			—			—			—			—			—
Total Agriculture production		$	46,791		$	14,245		$	5,712		$	2,001		$	4,363		$	314		$	132,702		$	206,128

Consumer
Pass		$	29,912		$	11,264		$	8,330		$	3,189		$	938		$	172		$	1,483		$	55,288
Watch			—			—			—			—			—			—			—			—
Special Mention			—			—			—			—			—			—			—			—
Substandard			50			20			12			17			—			—			—			99
Doubtful			—			—			—			—			—			—			—			—
Total Consumer		$	29,962		$	11,284		$	8,342		$	3,206		$	938		$	172		$	1,483		$	55,387

All other loans
Pass		$	2,334		$	869		$	245		$	82		$	132		$	1,440		$	—		$	5,102
Watch			—			—			—			—			—			—			—			—
Special Mention			—			—			—			—			—			—			—			—
Substandard			—			—			—			—			—			—			—			—
Doubtful			—			—			—			—			—			—			—			—
Total All other loans		$	2,334		$	869		$	245		$	82		$	132		$	1,440		$	—		$	5,102

Total Loans
Pass		$	935,212		$	390,289		$	819,478		$	677,255		$	394,266		$	281,232		$	476,429		$	3,974,161
Watch			14,799			10,810			20,407			7,719			4,570			399			18,269			76,973
Special Mention			—			—			—			—			—			—			—			—
Substandard			864			9,873			6,164			28,786			157			2,718			1,072			49,634
Doubtful			—			—			—			—			—			—			—			—
Total		$	950,875		$	410,972		$	846,049		$	713,760		$	398,993		$	284,349		$	495,770		$	4,100,768

Schedule of company's loan portfolio aging analysis


		September 30, 2025
								Greater Than												Greater Than 90
		30-59 Days			60-89 Days			90 Days			Total						Total Loans			Days Past Due
(dollars in thousands)		Past Due			Past Due			Past Due			Past Due			Current			Receivable			and Accruing
1-4 Family residential real estate		$	1,295		$	1,275		$	4,145		$	6,715		$	1,014,585		$	1,021,300		$	—
Non-owner occupied commercial real estate			4,390			—			2,836			7,226			911,049			918,275			—
Owner occupied commercial real estate			623			—			43			666			453,599			454,265			—
Multi-family real estate			—			—			—			—			445,953			445,953			—
Construction and land development			34			—			5,893			5,927			277,985			283,912			—
Agriculture real estate			385			294			2,463			3,142			252,468			255,610			—
Commercial and industrial			3,229			482			1,217			4,928			517,017			521,945			—
Agriculture production			16			—			199			215			229,123			229,338			—
Consumer			320			101			38			459			55,592			56,051			—
All other loans			—			—			—			—			5,094			5,094			—
Total loans		$	10,292		$	2,152		$	16,834		$	29,278		$	4,162,465		$	4,191,743		$	—


		June 30, 2025
								Greater Than												Greater Than 90
		30-59 Days			60-89 Days			90 Days			Total						Total Loans			Days Past Due
(dollars in thousands)		Past Due			Past Due			Past Due			Past Due			Current			Receivable			and Accruing
1-4 Family residential real estate		$	1,317		$	1,973		$	2,442		$	5,732		$	986,713		$	992,445		$	—
Non-owner occupied commercial real estate			62			—			5,784			5,846			882,471			888,317			—
Owner occupied commercial real estate			—			116			989			1,105			441,879			442,984			—
Multi-family real estate			—			—			—			—			422,758			422,758			—
Construction and land development			315			12			5,743			6,070			326,335			332,405			—
Agriculture real estate			178			11			2,613			2,802			242,181			244,983			—
Commercial and industrial			1,055			219			1,837			3,111			507,148			510,259			—
Agriculture production			163			164			78			405			205,723			206,128			—
Consumer			380			98			74			552			54,835			55,387			—
All other loans			—			—			—			—			5,102			5,102			—
Total loans		$	3,470		$	2,593		$	19,560		$	25,623		$	4,075,145		$	4,100,768		$	—

Schedule of company's collateral dependent loans and related ACL



														Allowance on
(dollars in thousands)		Primary Type of Collateral												Collateral
September 30, 2025		Real Estate			Land			Other			Total			Dependent Loans
1-4 Family residential real estate		$	2,913		$	—		$	—		$	2,913		$	724
Non-owner occupied commercial real estate			32,327			—			—			32,327			4,234
Owner occupied commercial real estate			3,657			—			468			4,125			240
Multi-family real estate			—			—			—			—			—
Construction and land development			5,743			500			—			6,243			—
Agriculture real estate			2,463			1,210			—			3,673			—
Commercial and industrial			—			—			5,421			5,421			1,120
Agriculture production			—			—			12			12			—
Total loans		$	47,103		$	1,710		$	5,901		$	54,714		$	6,318



														Allowance on
(dollars in thousands)		Primary Type of Collateral												Collateral
June 30, 2025		Real Estate			Land			Other			Total			Dependent Loans
1-4 Family residential real estate		$	752		$	—		$	—		$	752		$	117
Non-owner occupied commercial real estate			31,764			—			—			31,764			6,456
Owner occupied commercial real estate			811			—			541			1,352			290
Construction and land development			5,743			661			—			6,404			161
Agriculture real estate			1,695			—			—			1,695			—
Commercial and industrial			494			—			3,128			3,622			1,129
Total loans		$	41,259		$	661		$	3,669		$	45,589		$	8,153

Schedule of company's nonaccrual loans



(dollars in thousands)		September 30, 2025			June 30, 2025
1-4 Family residential real estate		$	4,607		$	2,847
Non-owner occupied commercial real estate			6,396			5,784
Owner occupied commercial real estate			394			1,309
Construction and land development			5,928			5,789
Agriculture real estate			2,899			3,268
Commercial and industrial			5,500			3,442
Agriculture production			269			505
Consumer			38			96
Total loans		$	26,031		$	23,040

Schedule of performing loans classified as modifications to borrowers experiencing financial difficulty


	September 30, 2025
							Term			Interest			Total Class of
	Principal			Payment			Extension			Rate			Financing
	Forgiveness			Delays			Modifications			Reduction			Receivable
(dollars in thousands)
1-4 Family residential real estate	$	—		$	—		$	—		$	—		—	%
Non-owner occupied commercial real estate		—			—			—			—		—	%
Owner occupied commercial real estate		—			—			—			—		—	%
Multi-family real estate		—			—			—			—		—	%
Construction and land development		—			—			—			—		—	%
Agriculture real estate		—			—			—			—		—	%
Commercial and industrial		—			603			—			—		0.12	%
Agriculture production		—			—			—			—		—	%
Consumer		—			—			—			—		—	%
All other loans		—			—			—			—		—	%
Total	$	—		$	603		$	—		$	—		0.01	%