XML 30 R20.htm IDEA: XBRL DOCUMENT v3.22.1
Stock Repurchases
9 Months Ended
Mar. 31, 2022
Stock Repurchases  
Stock Repurchases

Note 11: Stock Repurchases

On April 27, 2021, the Corporation extended its five percent stock repurchase program of April 30, 2020 with a remaining authorization of 317,108 shares to be purchased for a period of one year or until completed, whichever occurs first.

During the quarter ended March 31, 2022, the Corporation purchased 69,271 shares of the Corporation’s common stock under the April 2020 stock repurchase plan with a weighted average cost of $16.69 per share. For the first nine months of fiscal 2022, the Corporation purchased 221,797 shares of the Corporation’s common stock under the April 2020 stock repurchase plan with a weighted average cost of $16.87 per share. As of March 31, 2022, there are 45,036 shares available for purchase until the plan expires on April 27, 2022. The Corporation will purchase the shares from time to time in the

open market or through privately negotiated transactions depending on market conditions, the capital requirements of the Corporation, and available cash that can be allocated to the stock repurchase program, among other considerations.