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CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Mar. 31, 2019
Mar. 31, 2018
Interest Income        
Loans $ 48,116 $ 30,728 $ 144,568 $ 91,811
Taxable investment securities 9,511 6,450 27,441 18,383
Tax-exempt investment securities 710 652 2,139 1,914
Other interest-earning assets 1,320 715 3,737 2,061
Total Interest Income 59,657 38,545 177,885 114,169
Interest Expense        
Deposits 14,114 7,026 37,380 19,894
Borrowings 6,905 4,462 22,338 13,573
Total Interest Expense 21,019 11,488 59,718 33,467
Net Interest Income 38,638 27,057 118,167 80,702
(Reversal of) provision for loan losses (179) 423 2,892 1,989
Net Interest Income after (Reversal of) Provision for Loan Losses 38,817 26,634 115,275 78,713
Non-Interest Income        
Loss on sale and call of securities [1] (182) (1) (182) (1)
Gain on sale of loans [1] 151 346 384 877
(Loss) gain on sale and write down of other real estate owned (6) 7 (20) (79)
Income from bank owned life insurance [1] 1,560 1,227 4,753 3,758
Miscellaneous [1] 226 189 347 320
Total Non-Interest Income 3,676 3,548 10,167 9,905
Non-Interest Expense        
Salaries and employee benefits 15,350 12,814 46,691 38,458
Net occupancy expense of premises 2,979 2,359 8,476 6,462
Equipment and systems 3,053 2,323 9,356 6,706
Advertising and marketing 739 745 2,103 2,203
Federal deposit insurance premium 455 350 1,341 1,053
Directors' compensation 770 689 2,274 2,066
Merger-related expenses   401   1,594
Miscellaneous 3,425 2,862 10,257 8,051
Total Non-Interest Expense 26,771 22,543 80,498 66,593
Income before Income Taxes 15,722 7,639 44,944 22,025
Income tax expense 4,305 2,262 11,613 10,147
Net Income $ 11,417 $ 5,377 $ 33,331 $ 11,878
Net Income per Common Share (EPS)        
Basic $ 0.13 $ 0.07 $ 0.36 $ 0.15
Diluted $ 0.13 $ 0.07 $ 0.36 $ 0.15
Weighted Average Number of Common Shares Outstanding        
Basic 89,488 75,492 92,370 77,452
Diluted 89,532 75,539 92,419 77,510
Dividends Declared Per Common Share $ 0.06 $ 0.03 $ 0.31 $ 0.21
Financial Service [Member]        
Non-Interest Income        
Fees and service charges $ 1,674 $ 1,537 $ 4,105 $ 4,207
Credit and Debit Card [Member]        
Non-Interest Income        
Fees and service charges $ 253 $ 243 $ 780 $ 823
[1] Not within the scope of ASC 606.