v3.25.4
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
 6 Months Ended 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2025
Jun. 30, 2024
Interest and dividend income:        
Loans $ 41,773,000 $ 34,255,000 $ 91,639,000 $ 72,378,000
Securities 4,909,000 5,169,000 14,816,000 9,750,000
Interest-earning deposits with banks and other 2,150,000 2,218,000 3,075,000 6,188,000
Total interest and dividend income 48,832,000 41,642,000 109,530,000 88,316,000
Interest expense:        
Deposits 12,973,000 9,042,000 28,135,000 20,672,000
Borrowings and other 389,000 617,000 2,247,000 1,131,000
Total interest expense 13,362,000 9,659,000 30,382,000 21,803,000
Net interest income 35,470,000 31,983,000 79,148,000 66,513,000
Provision for credit losses 220,000 1,870,000 3,695,000 2,700,000
Net interest income after provision for credit losses 35,250,000 30,113,000 75,453,000 63,813,000
Noninterest income:        
Bank fees and service charges 2,954,000 2,944,000 5,965,000 5,877,000
Insurance and wealth management services 4,938,000 4,737,000 10,103,000 9,313,000
Net gain on equity securities   349,000   735,000
Net gain (loss) on securities available for sale transactions 165,000 (5,645,000)   (5,645,000)
Litigation-related income   5,950,000   5,950,000
Other 752,000 74,000 1,072,000 100,000
Total noninterest income 8,809,000 8,409,000 17,140,000 16,330,000
Noninterest expense:        
Salaries and employee benefits 15,893,000 14,381,000 33,950,000 29,225,000
Net occupancy and equipment 4,915,000 3,732,000 7,620,000 7,461,000
Data processing 1,955,000 2,503,000 3,721,000 4,554,000
Advertising and marketing 478,000 353,000 1,011,000 729,000
Insurance premiums 498,000 465,000 993,000 913,000
Federal Deposit Insurance Corporation insurance premiums 476,000 532,000 914,000 1,090,000
Professional fees 3,891,000 5,430,000 8,765,000 11,070,000
Goodwill impairment loss 0 0 2,000,000 0
Other 3,542,000 2,803,000 7,130,000 5,692,000
Total noninterest expense 31,648,000 30,199,000 66,104,000 60,734,000
Income before income taxes 12,411,000 8,323,000 26,489,000 19,409,000
Income tax expense 2,811,000 1,712,000 6,202,000 4,149,000
Net income $ 9,600,000 $ 6,611,000 $ 20,287,000 $ 15,260,000
Net earnings per common share:        
Basic (in dollars per share) $ 0.38 $ 0.26 $ 0.83 $ 0.61
Diluted (in dollars per share) $ 0.38 $ 0.26 $ 0.83 $ 0.61
Weighted average shares outstanding - basic (in shares) 25,011,322 25,201,205 24,471,179 25,193,848
Weighted average shares outstanding - diluted (in shares) 25,098,384 25,201,205 24,566,658 25,223,114