| Jun'19 | Jun'18 | Jun'17 | Jun'16 | Jun'15 | ||
|---|---|---|---|---|---|---|
Interest and dividend income | ||||||
Loans receivable | ||||||
41,619 | 37,798 | 33,664 | 32,832 | 23,245 | ||
Investment securities | ||||||
10,022 | 9,266 | 6,661 | 5,897 | 5,360 | ||
Federal funds and other | ||||||
1,806 | 896 | 633 | 315 | 222 | ||
Total interest and dividend income | ||||||
53,447 | 47,960 | 40,958 | 39,044 | 28,827 | ||
Interest expense | ||||||
Deposits and escrow interest | ||||||
10,177 | 5,554 | 5,083 | 4,613 | 3,812 | ||
FHLB advances | ||||||
566 | 769 | 210 | 199 | 72 | ||
Total interest expense | ||||||
10,743 | 6,323 | 5,293 | 4,812 | 3,884 | ||
Net interest income | ||||||
42,704 | 41,637 | 35,665 | 34,232 | 24,943 | ||
Provision for loan losses | ||||||
808 | 414 | 823 | 1,859 | 1,326 | ||
Net interest income after provision for loan losses | ||||||
41,896 | 41,223 | 34,842 | 32,373 | 23,617 | ||
Noninterest income | ||||||
Fees and service charges | ||||||
1,763 | 1,529 | - | - | - | ||
Fees and service charges | ||||||
- | - | 1,178 | 1,053 | 955 | ||
Bank-owned life insurance | ||||||
544 | 568 | 622 | 458 | 297 | ||
Swap income | ||||||
507 | - | - | - | - | ||
Gains on sales of securities, net | ||||||
62 | 236 | - | - | - | ||
Gains on sale of securities | ||||||
- | - | 0 | 0 | - | ||
Settlement on acquired loan | ||||||
- | - | 1,615 | - | - | ||
Other | ||||||
226 | 186 | 669 | 440 | 315 | ||
Total noninterest income | ||||||
3,102 | 2,519 | 4,084 | 1,951 | 1,567 | ||
Noninterest expense | ||||||
Salaries and employee benefits | ||||||
21,611 | 19,419 | 16,901 | 16,961 | 13,666 | ||
Occupancy and equipment | ||||||
5,185 | 5,193 | 5,864 | 5,122 | 4,018 | ||
Communication and data processing | ||||||
1,953 | 1,974 | 1,768 | 1,790 | - | ||
Professional fees | ||||||
1,551 | 1,709 | 1,308 | 1,644 | 976 | ||
Postage, printing, stationary and supplies | ||||||
586 | 578 | 547 | 681 | 460 | ||
FDIC assessment | ||||||
421 | 328 | 558 | 888 | 709 | ||
Advertising | ||||||
349 | 456 | 529 | 388 | 332 | ||
Amortization of intangible assets | ||||||
110 | 126 | 143 | 158 | 27 | ||
Loss on other receivable | ||||||
-90 | -570 | - | - | - | ||
Charitable foundation contribution | ||||||
- | - | 5,000 | - | - | ||
Merger and acquisition related expenses | ||||||
- | - | - | 790 | 1,147 | ||
Other operating expenses | ||||||
2,138 | 1,763 | 1,813 | 1,843 | 2,639 | ||
Total noninterest expense | ||||||
33,994 | 32,116 | 34,431 | 30,265 | 23,974 | ||
Net income before income tax expense | ||||||
11,004 | 11,626 | 4,495 | 4,059 | 1,210 | ||
Income tax expense | ||||||
2,686 | 5,022 | 1,266 | 1,133 | 702 | ||
Net income | ||||||
8,318 | 6,604 | 3,229 | 2,926 | 508 | ||
Earnings per common share: | ||||||
Basic | ||||||
0.50 | 0.39 | - | - | - | ||
Diluted | ||||||
0.50 | 0.39 | - | - | - | ||
Weighted average common shares outstanding: | ||||||
Basic | ||||||
16,492 | 16,802 | - | - | - | ||
Diluted | ||||||
16,527 | 16,802 | - | - | - | ||