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Condensed Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Mar. 31, 2023
Mar. 31, 2022
Interest and Dividend Income        
Interest and fees on loans $ 6,690 $ 4,907 $ 18,889 $ 15,292
Securities:        
Taxable 1,345 1,033 4,048 3,074
Tax-exempt 26 9 80 27
Federal Home Loan Bank dividends 64 31 134 89
Deposits with other financial institutions 73 23 231 78
Total interest and dividend income 8,198 6,003 23,382 18,560
Interest Expense        
Deposits 2,501 498 4,560 1,572
Federal Home Loan Bank advances and repurchase agreements 661 94 1,491 288
Line of credit and other borrowings 0 19 0 57
Total interest expense 3,162 611 6,051 1,917
Net Interest Income 5,036 5,392 17,331 16,643
Provision for Credit Losses 240 242 253 39
Net Interest Income After Provision for Credit Losses 4,796 5,150 17,078 16,604
Noninterest Income        
Insurance commissions 130 180 506 559
Brokerage commissions 168 289 607 865
Net realized gains (losses) on sales of available-for-sale securities 12 0 (171) 0
Mortgage banking income, net 43 400 267 635
Gain on sale of loans 48 32 124 414
Bank-owned life insurance income, net 96 88 290 393
Other 296 320 938 1,087
Total noninterest income 942 1,454 3,028 4,439
Noninterest Expense        
Compensation and benefits 3,203 3,393 9,414 9,602
Office occupancy 248 261 728 729
Equipment 563 486 1,725 1,484
Federal deposit insurance 57 50 169 146
Stationary, printing and office 23 16 78 60
Advertising 109 98 379 281
Professional services 78 69 368 298
Supervisory examinations 43 38 132 122
Audit and accounting services 43 17 137 110
Organizational dues and subscriptions 8 4 51 48
Insurance bond premiums 50 46 151 141
Telephone and postage 44 40 124 119
Loss (Gain) on foreclosed assets, net 0 19 (28) 6
Other 377 511 1,187 1,454
Total noninterest expense 4,846 5,048 14,615 14,600
Income Before Income Tax 892 1,556 5,491 6,443
Provision for Income Tax 202 402 1,428 1,694
Net Income $ 690 $ 1,154 $ 4,063 $ 4,749
Earnings Per Share:        
Basic $ 0.22 $ 0.37 $ 1.29 $ 1.55
Diluted 0.21 0.37 1.25 1.52
Dividends declared per common share $ 0.2 $ 0.175 $ 0.4 $ 0.35
Customer Service Fees [Member]        
Noninterest Income        
Noninterest income $ 91 $ 82 $ 294 $ 255
Other Service Charges and Fees [Member]        
Noninterest Income        
Noninterest income $ 58 $ 63 $ 173 $ 231