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CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited) - USD ($)
$ in Thousands
3 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Interest and dividend income:    
Loans $ 16,533 $ 11,513
Securities 2,568 1,934
Interest-earning deposits with banks and other 1,055 1,745
Total interest and dividend income 20,156 15,192
Interest expense:    
Deposits 3,954 406
Borrowings and other 312 112
Total interest expense 4,266 518
Net interest income 15,890 14,674
Provision for credit losses 750 120
Net interest income after provision for credit losses 15,140 14,554
Noninterest income:    
Bank fees and service charges 1,446 1,570
Insurance and wealth management services 1,981 1,734
Net gain (loss) on equity securities 80 (39)
Bank-owned life insurance (56) 461
Other 123 79
Total noninterest income 3,574 3,805
Noninterest expense:    
Salaries and employee benefits 6,923 6,592
Net occupancy and equipment 1,831 1,711
Data processing 1,189 1,037
Advertising and marketing 141 141
Insurance premiums 239 231
Federal Deposit Insurance Corporation insurance premiums 262 171
Professional fees 2,587 773
Other 1,233 1,212
Total noninterest expense 14,405 11,868
Income before income taxes 4,309 6,491
Income tax expense 890 1,257
Net income $ 3,419 $ 5,234
Net earnings per common share:    
Basic (in dollars per share) $ 0.14 $ 0.21
Diluted (in dollars per share) $ 0.14 $ 0.21
Weighted average shares outstanding - basic (in shares) 25,194,841 25,143,924
Weighted average shares outstanding - diluted (in shares) 25,194,841 25,143,924