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Condensed Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Mar. 31, 2024
Mar. 31, 2023
Interest and Dividend Income        
Interest and fees on loans $ 9,273 $ 6,690 $ 25,708 $ 18,889
Securities:        
Taxable 1,364 1,345 4,124 4,048
Tax-exempt 23 26 74 80
Federal Home Loan Bank dividends 112 64 258 134
Deposits with other financial institutions 31 73 159 231
Total interest and dividend income 10,803 8,198 30,323 23,382
Interest Expense        
Deposits 4,756 2,501 12,927 4,560
Federal Home Loan Bank advances and repurchase agreements 1,392 661 3,620 1,491
Line of credit and other borrowings 396 0 546 0
Total interest expense 6,544 3,162 17,093 6,051
Net Interest Income 4,259 5,036 13,230 17,331
Provision (Credit) for Credit Losses (390) 240 196 253
Net Interest Income After Provision (Credit) for Credit Losses 4,649 4,796 13,034 17,078
Noninterest Income        
Insurance commissions 182 130 556 506
Brokerage commissions 166 168 485 607
Net realized gains (losses) on sales of available-for-sale securities 0 12 0 (171)
Mortgage banking income, net 126 43 218 267
Gain on sale of loans 76 48 186 124
Bank-owned life insurance income, net 112 96 318 290
Other 316 296 916 938
Total noninterest income 1,140 942 3,183 3,028
Noninterest Expense        
Compensation and benefits 3,081 3,203 8,929 9,414
Office occupancy 277 248 854 728
Equipment 549 563 1,688 1,725
Federal deposit insurance 135 57 435 169
Stationary, printing and office 18 23 48 78
Advertising 104 109 286 379
Professional services 75 78 304 368
Supervisory examinations 19 43 73 132
Audit and accounting services 21 43 127 137
Organizational dues and subscriptions 22 8 51 51
Insurance bond premiums 64 50 177 151
Telephone and postage 49 44 122 124
Loss (gain) on foreclosed assets, net 0 0 2 (28)
Other 424 377 1,297 1,187
Total noninterest expense 4,838 4,846 14,393 14,615
Income Before Income Tax 951 892 1,824 5,491
Provision for Income Tax 243 202 465 1,428
Net Income $ 708 $ 690 $ 1,359 $ 4,063
Earnings Per Share:        
Basic $ 0.22 $ 0.22 $ 0.42 $ 1.29
Diluted 0.22 0.21 0.42 1.25
Dividends declared per common share $ 0.2 $ 0.2 $ 0.4 $ 0.4
Customer Service Fees [Member]        
Noninterest Income        
Noninterest income $ 100 $ 91 $ 309 $ 294
Other Service Charges and Fees [Member]        
Noninterest Income        
Noninterest income $ 62 $ 58 $ 195 $ 173