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Condensed Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Mar. 31, 2020
Mar. 31, 2019
Interest and Dividend Income        
Interest and fees on loans $ 5,738 $ 5,747 $ 17,429 $ 16,973
Securities:        
Taxable 975 828 2,805 2,481
Tax-exempt 11 29 64 92
Federal Home Loan Bank dividends 17 41 53 110
Deposits with other financial institutions 58 68 245 134
Total interest and dividend income 6,799 6,713 20,596 19,790
Interest Expense        
Deposits 2,000 1,829 6,502 5,106
Federal Home Loan Bank advances and repurchase agreements 209 440 577 1,287
Total interest expense 2,209 2,269 7,079 6,393
Net Interest Income 4,590 4,444 13,517 13,397
Provision for Loan Losses 282 61 198 436
Net Interest Income After Provision for Loan Losses 4,308 4,383 13,319 12,961
Noninterest Income        
Insurance commissions 149 160 503 497
Brokerage commissions 238 228 707 751
Net realized gains on sales of available-for-sale securities 146 0 139 0
Mortgage banking income, net 2 25 159 177
Gain on sale of loans 148 48 432 227
Gain (Loss) on foreclosed assets, net (2) (82) (4) 16
Bank-owned life insurance income, net 66 67 205 202
Other 273 189 815 725
Total noninterest income 1,172 768 3,461 3,089
Noninterest Expense        
Compensation and benefits 2,887 2,625 8,258 7,839
Office occupancy 242 240 739 680
Equipment 399 345 1,172 1,016
Federal deposit insurance   41 28 127
Stationary, printing and office 29 30 85 93
Advertising 162 130 380 385
Professional services 67 75 338 289
Supervisory examinations 32 35 117 123
Audit and accounting services 17 18 104 103
Organizational dues and subscriptions 7 7 45 41
Insurance bond premiums 42 36 120 114
Telephone and postage 55 50 153 183
Other 415 429 1,264 1,622
Total noninterest expense 4,354 4,061 12,803 12,615
Income Before Income Tax 1,126 1,090 3,977 3,435
Provision for Income Tax 316 286 1,103 910
Net Income $ 810 $ 804 $ 2,874 $ 2,525
Earnings Per Share:        
Basic $ 0.27 $ 0.24 $ 0.92 $ 0.72
Diluted 0.26 0.24 0.90 0.71
Dividends declared per common share $ 0.15 $ 0.125 $ 0.30 $ 0.25
Customer Service Fees [Member]        
Noninterest Income        
Noninterest income $ 90 $ 80 $ 287 $ 286
Other Service Charges and Fees [Member]        
Noninterest Income        
Noninterest income $ 66 $ 53 $ 218 $ 208