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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended 9 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Mar. 31, 2022
Mar. 31, 2021
Interest and dividend income:        
Loans $ 9,312,000 $ 10,608,000 $ 29,440,000 $ 32,168,000
Securities 747,000 249,000 1,783,000 859,000
Interest-earning deposits with banks and other 186,000 83,000 491,000 217,000
Total interest and dividend income 10,245,000 10,940,000 31,714,000 33,244,000
Interest expense:        
Deposits 326,000 423,000 1,027,000 1,650,000
Borrowings and other 13,000 15,000 53,000 62,000
Total interest expense 339,000 438,000 1,080,000 1,712,000
Net interest income 9,906,000 10,502,000 30,634,000 31,532,000
Provision for loan losses   1,250,000 250,000 3,550,000
Net interest income after provision for loan losses 9,906,000 9,252,000 30,384,000 27,982,000
Noninterest income:        
Bank fees and service charges 1,516,000 1,671,000 4,776,000 4,934,000
Insurance and wealth management services 1,798,000 2,087,000 5,360,000 5,318,000
Net gain on equity securities 26,000 217,000 144,000 1,632,000
Net gain on securities transactions     4,000  
Net gain on sale of loans     3,000 27,000
Net gain on disposal of assets 213,000   275,000 16,000
Other 60,000 108,000 200,000 406,000
Total noninterest income 3,613,000 4,083,000 10,762,000 12,333,000
Noninterest expense:        
Salaries and employee benefits 6,531,000 6,741,000 18,994,000 19,623,000
Net occupancy and equipment 1,736,000 1,660,000 5,173,000 4,829,000
Data processing 978,000 922,000 3,057,000 2,690,000
Advertising and marketing 149,000 198,000 386,000 524,000
Federal Deposit Insurance Corporation ("FDIC") insurance premiums 170,000 243,000 587,000 724,000
Professional fees 850,000 857,000 2,395,000 2,801,000
Litigation-related expenses 1,200,000   1,200,000  
Employee retention credit     (5,029,000)  
Other 1,449,000 1,077,000 4,095,000 3,341,000
Total noninterest expense 13,063,000 11,698,000 30,858,000 34,532,000
Income before income taxes 456,000 1,637,000 10,288,000 5,783,000
Income tax expense 154,000 296,000 2,372,000 1,153,000
Net income $ 302,000 $ 1,341,000 $ 7,916,000 $ 4,630,000
Net earnings per common share:        
Basic $ 0.01 $ 0.05 $ 0.31 $ 0.18
Diluted $ 0.01 $ 0.05 $ 0.31 $ 0.18
Weighted average shares outstanding - basic 25,118,467 25,067,550 25,112,102 25,061,186
Weighted average shares outstanding - diluted 25,118,467 25,067,550 25,112,102 25,061,186