v3.26.1
Income Taxes (Tables)
12 Months Ended
Jun. 30, 2026
Income Taxes  
Schedule of income tax provision

For the year ended June 30

(dollars in thousands)

2026

U.S. Federal statutory tax rate

$

18,292

21.0

%

State and local income taxes, net of federal income tax effect (1)

431

0.5

%

Nontaxable or nondeductible items:

Nontaxable municipal income

 

(564)

(0.6)

%

Cash surrender value of Bank-owned life insurance

 

(540)

(0.6)

%

Tax credit benefits

 

(2,447)

(2.8)

%

Other, net

 

93

0.1

%

Actual provision

$

15,265

17.5

%

(1) State taxes in Missouri made up the majority (greater than 50%) of the tax effect in this category.

For the years ended June 30,

(dollars in thousands)

2025

2024

Tax at statutory rate

$

15,539

$

13,253

Increase (reduction) in taxes resulting from:

 

 

Nontaxable municipal income

 

(332)

 

(471)

State tax, net of Federal benefit

 

653

 

412

Cash surrender value of Bank-owned life insurance

 

(438)

 

(401)

Tax credit benefits

 

(710)

 

(12)

Other, net

 

704

 

147

Actual provision

$

15,416

$

12,928

Schedule of components of net deferred tax assets

(dollars in thousands)

  ​ ​ ​

June 30, 2026

  ​ ​ ​

June 30, 2025

Deferred tax assets:

 

  ​

 

  ​

Provision for losses on loans

$

13,053

$

12,225

Accrued compensation and benefits

 

1,283

 

1,210

NOL carry forwards acquired

 

18

 

24

Unrealized loss on available-for-sale securities

2,749

3,201

Other

 

887

 

552

Total deferred tax assets

 

17,990

 

17,212

Deferred tax liabilities:

 

 

Purchase accounting adjustments

 

2,423

 

2,604

Depreciation

 

4,606

 

4,468

FHLB stock dividends

 

120

 

120

Prepaid expenses

 

563

 

586

Total deferred tax liabilities

 

7,712

 

7,778

Net deferred tax asset

$

10,278

$

9,434

Schedule of income taxes paid

For the year ended

June 30,

(dollars in thousands)

2026

U.S. Federal income taxes paid

$

9,128

State income taxes paid

 

11

Total income taxes paid

$

9,139