Condensed Parent Company Only Financial Statements (Tables)
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12 Months Ended |
Jun. 30, 2026 |
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| Condensed Parent Company Only Financial Statements |
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| Parent Company Condensed Balance Sheets |
| | | | | | | | | June 30, | (dollars in thousands) | | 2026 | | 2025 | | Condensed Balance Sheets | | | Assets | | | | | | | Cash and cash equivalents | | $ | 13,535 | | $ | 18,449 | Other assets | | | 51,715 | | | 51,483 | Investment in common stock of Bank | | | 542,113 | | | 498,347 | TOTAL ASSETS | | $ | 607,363 | | $ | 568,279 | | | | | | | | Liabilities and Stockholders' Equity | | | | | | | Accrued expenses and other liabilities | | $ | 919 | | $ | 379 | Subordinated debt | | | 15,766 | | | 23,208 | TOTAL LIABILITIES | | | 16,685 | | | 23,587 | Stockholders' equity | | | 590,678 | | | 544,692 | TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | | $ | 607,363 | | $ | 568,279 |
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| Parent Company Condensed Statements of Income |
| | | | | | | | | | | | Year ended June 30, | (dollars in thousands) | | 2026 | | 2025 | | 2024 | | Condensed Statements of Income | | | Interest income | | $ | 33 | | $ | 37 | | $ | 41 | Interest expense | | | 1,457 | | | 1,628 | | | 1,742 | Net interest expense | | | (1,424) | | | (1,591) | | | (1,701) | Dividends from the Bank | | | 33,500 | | | 17,000 | | | 16,000 | Operating expenses | | | 1,145 | | | 1,248 | | | 1,018 | Income before income taxes and equity in undistributed income of the Bank | | | 30,931 | | | 14,161 | | | 13,281 | Income tax (expense) benefit | | | 539 | | | (54) | | | 571 | Income before equity in undistributed income of the Bank | | | 31,470 | | | 14,107 | | | 13,852 | Equity in undistributed income of the Bank | | | 40,369 | | | 44,471 | | | 36,330 | NET INCOME | | $ | 71,839 | | $ | 58,578 | | $ | 50,182 | COMPREHENSIVE INCOME | | $ | 73,445 | | $ | 64,655 | | $ | 54,652 |
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| Parent Company Condensed Statements of Cash Flows |
| | | | | | | | | | | | Year ended June 30, | (dollars in thousands) | | 2026 | | 2025 | | 2024 | Condensed Statements of Cash Flow | | | | | | | | | | Cash Flows from operating activities: | | | Net income | | $ | 71,839 | | $ | 58,578 | | $ | 50,182 | Changes in: | | | | | | | | | | Equity in undistributed income of the Bank | | | (40,369) | | | (44,471) | | | (36,330) | Other adjustments, net | | | 825 | | | 753 | | | 56 | NET CASH PROVIDED BY OPERATING ACTIVITIES | | | 32,295 | | | 14,860 | | | 13,908 | | | | | | | | | | | NET CASH USED IN INVESTING ACTIVITIES | | | — | | | — | | | — | | | | | | | | | | | Cash flows from financing activities: | | | | | | | | | | Dividends on common stock | | | (11,132) | | | (10,378) | | | (9,526) | Payments to acquire treasury stock | | | (18,577) | | | — | | | (3,857) | Repayments of subordinated debt | | | (7,500) | | | — | | | — | NET CASH USED IN FINANCING ACTIVITIES | | | (37,209) | | | (10,378) | | | (13,383) | | | | | | | | | | | Net (decrease) increase in cash and cash equivalents | | | (4,914) | | | 4,482 | | | 525 | Cash and cash equivalents at beginning of year | | | 18,449 | | | 13,967 | | | 13,442 | CASH AND CASH EQUIVALENTS AT END OF YEAR | | $ | 13,535 | | $ | 18,449 | | $ | 13,967 |
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