XML 44 R33.htm IDEA: XBRL DOCUMENT
v3.25.1

INCOME TAXES (Tables) | 9 Months Ended
--- | ---
Mar. 31, 2025
Income Tax Disclosure [Abstract] |
Schedule of Effective Income Tax Rate Reconciliation | The following table presents a reconciliation between the reported income taxes for the periods presented and the income taxes which would be computed by applying the federal income tax rate of 21% to income for the three and nine months ended March 31, 2025 and 2024:
| Three Months Ended March 31, |  | Nine Months Ended March 31,
| 2025 |  | 2024 |  | 2025 |  | 2024
| (Dollars in Thousands)
Income before income taxes | $ | 7,848 |  |  | $ | 9,114 |  |  | $ | 22,843 |  |  | $ | 10,220 |
Statutory federal tax rate | 21 | % |  | 21 | % |  | 21 | % |  | 21 | %
Federal income tax at statutory rate | $ | 1,648 |  |  | $ | 1,914 |  |  | $ | 4,797 |  |  | $ | 2,146 |
(Reduction) increase in income taxes resulting from: |  |  |  |  |  |  |
Tax exempt interest | (11) |  |  | (17) |  |  | (38) |  |  | (52) |
State tax, net of federal tax effect | 104 |  |  | 485 |  |  | 857 |  |  | 297 |
Incentive stock option compensation expense | — |  |  | — |  |  | — |  |  | 5 |
Income from bank-owned life insurance | (548) |  |  | (504) |  |  | (1,635) |  |  | (1,218) |
Surrender of bank-owned life insurance polices | — |  |  | 76 |  |  | — |  |  | 5,789 |
Other items, net | 7 |  |  | (237) |  |  | (444) |  |  | (159) |
Total income tax expense | $ | 1,200 |  |  | $ | 1,717 |  |  | $ | 3,537 |  |  | $ | 6,808 |
Effective income tax rate | 15.29 | % |  | 18.84 | % |  | 15.48 | % |  | 66.61 | %

X
- References No definition available. + Details
Name: | us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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://www.xbrl.org/2003/role/exampleRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 231 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482663/740-10-55-231 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12A -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-12A Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-12 + Details
Name: | us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration