XML 19 R5.htm IDEA: XBRL DOCUMENT v3.23.2
Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
 12 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2021
Interest Income      
Loans $ 233,147 $ 190,520 $ 202,240
Taxable investment securities 54,855 32,746 31,238
Tax-exempt investment securities 694 1,273 1,652
Other interest-earning assets 5,028 1,733 2,955
Total Interest Income 293,724 226,272 238,085
Interest Expense      
Deposits 78,163 15,208 31,535
Borrowings 39,696 14,461 18,316
Total Interest Expense 117,859 29,669 49,851
Net Interest Income 175,865 196,603 188,234
Provision for (reversal of) credit losses 2,486 (7,518) (1,121)
Net Interest Income after Provision for (Reversal of) Credit Losses 173,379 204,121 189,355
Non-Interest Income      
Fees and service charges 3,106 2,580 1,897
(Loss) gain on sale and call of securities (15,227) (559) 767
(Loss) gain on sale of loans (1,645) 2,539 5,574
(Loss) gain on sale of other real estate owned (139) 5 0
Income from bank owned life insurance 8,645 6,167 6,267
Electronic banking fees and charges 1,759 1,626 1,717
Bargain purchase gain 0 0 3,053
Other income 6,252 1,576 1,751
Total Non-Interest Income 2,751 13,934 21,026
Total Non-Interest Income      
Salaries and employee benefits 75,589 76,264 68,800
Net occupancy expense of premises 12,036 14,114 12,673
Equipment and systems 14,577 15,886 14,870
Advertising and marketing 2,122 2,059 2,161
Federal deposit insurance premium 5,133 2,455 1,940
Directors' compensation 1,364 2,132 2,993
Merger-related expenses 0 0 4,349
Realized loss on debt extinguishment 0 0 796
Other expense 12,930 12,798 17,303
Total Non-Interest Expense 123,751 125,708 125,885
Income before Income Taxes 52,379 92,347 84,496
Income tax expense 11,568 24,800 21,263
Net Income $ 40,811 $ 67,547 $ 63,233
Net Income per Common Share (EPS)      
Basic (in dollars per share) $ 0.63 $ 0.95 $ 0.77
Diluted (in dollars per share) $ 0.63 $ 0.95 $ 0.77
Weighted Average Number of Common Shares Outstanding      
Basic (in shares) 64,804 70,911 82,387
Diluted (in shares) 64,804 70,933 82,391