XML 14 R4.htm IDEA: XBRL DOCUMENT v3.20.4
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2020
Dec. 31, 2019
Interest and dividend income:        
Loans $ 10,896 $ 12,691 $ 21,560 $ 25,841
Securities 279 574 610 1,196
Interest-earning deposits with banks and other 63 565 134 1,378
Total interest and dividend income 11,238 13,830 22,304 28,415
Interest expense:        
Deposits 541 1,255 1,227 2,549
Borrowings and other 18 22 47 55
Total interest expense 559 1,277 1,274 2,604
Net interest income 10,679 12,553 21,030 25,811
Provision for loan losses 1,550 1,520 2,300 2,090
Net interest income after provision for loan losses 9,129 11,033 18,730 23,721
Noninterest income:        
Bank fees and service charges 1,728 2,382 3,263 5,013
Insurance and wealth management services 1,878 2,071 3,232 3,425
Net gain on equity securities 831 364 1,415 282
Net gain on securities transactions   51   51
Bank-owned life insurance (7) 503 (4) 527
Other 293 142 344 77
Total noninterest income 4,723 5,513 8,250 9,375
Noninterest expense:        
Salaries and employee benefits 6,422 6,576 12,882 12,551
Net occupancy and equipment 1,563 1,615 3,169 3,038
Data processing 895 772 1,769 1,544
Advertising and marketing 199 185 325 389
FDIC insurance premiums 224 (125) 481 (128)
Contribution to Pioneer Bank Charitable Foundation       5,446
Fraudulent activity       2,500
Professional fees 928 1,403 1,944 1,898
Other 1,172 1,285 2,264 2,598
Total noninterest expense 11,403 11,711 22,834 29,836
Income before income taxes 2,449 4,835 4,146 3,260
Income tax expense 554 985 857 387
Net income $ 1,895 $ 3,850 $ 3,289 $ 2,873
Net earnings per common share:        
Basic $ 0.08 $ 0.15 $ 0.13 $ 0.12
Diluted $ 0.08 $ 0.15 $ 0.13 $ 0.12
Weighted average shares outstanding - basic and diluted 25,054,821 24,997,541 25,048,457 24,984,812