v3.22.4
Consolidated Statements of Income - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2022
Dec. 31, 2021
Interest and dividend income        
Loans $ 38,995 $ 26,929 $ 72,240 $ 54,824
Commercial paper 184 303 1,300 458
Debt securities available for sale 1,151 411 1,829 935
Other investments and interest-bearing deposits 1,072 845 1,960 1,576
Total interest and dividend income 41,402 28,488 77,329 57,793
Interest expense        
Deposits 3,603 1,305 4,998 2,877
Borrowings 254 15 266 41
Total interest expense 3,857 1,320 5,264 2,918
Net interest income 37,545 27,168 72,065 54,875
Provision (benefit) for credit losses 2,240 (2,500) 6,227 (3,960)
Net interest income after provision (benefit) for credit losses 35,305 29,668 65,838 58,835
Noninterest income        
Service charges and fees on deposit accounts 2,523 2,513 4,861 4,885
Loan income and fees 647 805 1,217 1,784
Gain on sale of loans held for sale 1,102 3,901 2,688 7,958
BOLI income 494 490 1,021 1,008
Operating lease income 1,156 1,718 2,741 3,258
Gain (loss) on sale of premises and equipment 1,127 (87) 1,115 (87)
Other 1,405 753 2,209 1,639
Total noninterest income 8,454 10,093 15,852 20,445
Noninterest expense        
Salaries and employee benefits 14,484 14,872 29,299 30,152
Occupancy expense, net 2,428 2,401 4,824 4,718
Computer services 2,796 2,609 5,559 5,130
Telephone, postage, and supplies 575 672 1,178 1,322
Marketing and advertising 481 832 1,071 1,537
Deposit insurance premiums 546 302 1,088 868
Core deposit intangible amortization 26 65 60 158
Merger-related expenses 250 0 724 0
Other 4,490 4,069 8,362 7,953
Total noninterest expense 26,076 25,822 52,165 51,838
Net income before income taxes 17,683 13,939 29,525 27,442
Income tax expense 4,025 2,861 6,668 5,837
Net income $ 13,658 $ 11,078 $ 22,857 $ 21,605
Net income per common share        
Basic (in dollars per share) $ 0.90 $ 0.70 $ 1.51 $ 1.36
Diluted (in dollars per share) $ 0.90 $ 0.68 $ 1.50 $ 1.33
Average shares outstanding        
Basic (in shares) 15,028,179 15,632,283 15,008,092 15,696,765
Diluted (in shares) 15,161,153 15,989,606 15,145,701 16,057,607