Southern Missouri Bancorp (SMBC) 10-Q 10 May 21 2021 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Mar. 31, 2021	May 07, 2021
Document And Entity Information
Document Type	10-Q
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Mar. 31, 2021
Entity Central Index Key	0000916907
Entity File Number	0-23406
Registrant Name	SOUTHERN MISSOURI BANCORP, INC.
Entity Incorporation, State or Country Code	MO
Tax Identification Number (TIN)	43-1665523
Entity Address, Address Line One	2991 Oak Grove Road
Entity Address, City or Town	Poplar Bluff
Entity Address, State or Province	MO
Entity Address, Postal Zip Code	63901
City Area Code	573
Local Phone Number	778-1800
Title of 12(b) Security	Common
Trading Symbol	SMBC
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		8,934,113
Current Fiscal Year End Date	--06-30
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q3
Amendment Flag	false

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2021	Jun. 30, 2020
Assets
Cash and cash equivalents	$ 236,896	$ 54,245
Interest-bearing time deposits	977	974
Available for sale securities	190,409	176,524
Stock in FHLB of Des Moines	6,163	6,390
Stock in Federal Reserve Bank of St. Louis	5,018	4,363
Loans receivable, net of allowance for credit losses of $35,227 and $25,139 at March 31, 2021 and June 30, 2020, respectively	2,134,885	2,141,929
Accrued interest receivable	10,030	12,116
Premises and equipment, net	63,908	65,106
Bank owned life insurance - cash surrender value	43,539	43,363
Goodwill	14,089	14,089
Other intangible assets, net	7,079	7,700
Prepaid expenses and other assets	19,064	15,358
Total assets	2,732,057	2,542,157
Liabilities and Stockholders' Equity
Deposits	2,368,761	2,184,847
Advances from FHLB	62,781	70,024
Accounts payable and other liabilities	11,440	12,151
Accrued interest payable	918	1,646
Subordinated debt	15,218	15,142
Total liabilities	2,459,118	2,283,810
Common stock, $.01 par value; 25,000,000 shares authorized; 9,361,629 and 9,345,339 shares issued at March 31, 2021 and June 30, 2020, respectively	94	93
Additional paid-in capital	95,549	95,035
Retained earnings	187,878	165,709
Treasury stock of 402,333 and 217,949 shares at March 31, 2021 and June 30, 2020, respectively, at cost	(12,977)	(6,937)
Accumulated other comprehensive income	2,395	4,447
Total stockholders' equity	272,939	258,347
Total liabilities and stockholders' equity	$ 2,732,057	$ 2,542,157

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2021	Jun. 30, 2020
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited)
Loans receivable, net of allowance for credit losses	$ 35,227	$ 25,139
Common Stock, Par or Stated Value Per Share	$ 0.01	$ 0.01
Common Stock, Shares Authorized	25,000,000	25,000,000
Common Stock, Shares, Issued	9,361,629	9,345,339
Treasury Stock	402,333	217,949

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2021	Mar. 31, 2020
INTEREST INCOME:
Loans	$ 26,005	$ 24,969	$ 78,737	$ 76,030
Investment securities	559	485	1,568	1,507
Mortgage-backed securities	466	733	1,479	2,141
Other interest-earning assets	70	33	159	110
Total interest income	27,100	26,220	81,943	79,788
INTEREST EXPENSE:
Deposits	3,494	6,135	11,748	19,161
Advances from FHLB	325	439	1,052	1,534
Note payable		31		102
Subordinated debt	132	197	403	636
Total interest expense	3,951	6,802	13,203	21,433
NET INTEREST INCOME	23,149	19,418	68,740	58,355
PROVISION FOR CREDIT LOSSES	(409)	2,850	1,591	4,134
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES	23,558	16,568	67,149	54,221
NONINTEREST INCOME:
Deposit account charges and related fees	1,275	1,538	3,974	4,593
Bank card interchange income	1,004	719	2,670	2,120
Loan late charges	118	149	398	416
Loan servicing fees	217	(285)	895	(52)
Other loan fees	266	370	898	968
Net realized gains on sale of loans	853	178	3,449	653
Net realized gains on sale of AFS securities	90		90
Earnings on bank owned life insurance	270	247	1,524	755
Other income	431	313	1,287	940
Total noninterest income	4,524	3,229	15,185	10,393
NONINTEREST EXPENSE:
Compensation and benefits	7,739	7,521	23,004	21,638
Occupancy and equipment, net	1,990	1,780	5,826	5,401
Data processing expense	1,253	1,152	3,490	3,089
Telecommunications expense	317	309	940	949
Deposit insurance premiums	174		593
Legal and professional fees	256	229	690	651
Advertising	240	244	689	837
Postage and office supplies	198	224	585	585
Intangible amortization	338	441	1,057	1,322
Foreclosed property expenses/losses	48	282	137	355
Provision for off balance sheet credit exposure		300		516
Other operating expense	975	1,087	2,836	3,601
Total noninterest expense	13,528	13,569	39,847	38,944
INCOME BEFORE INCOME TAXES	14,554	6,228	42,487	25,670
INCOME TAXES	3,096	1,129	8,996	5,026
NET INCOME	$ 11,458	$ 5,099	$ 33,491	$ 20,644
Basic earnings per common share	$ 1.27	$ 0.55	$ 3.69	$ 2.24
Diluted earnings per common share	1.27	0.55	3.69	2.24
Dividends per common share	$ 0.16	$ 0.15	$ 0.46	$ 0.45

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2021	Mar. 31, 2020
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited)
Net income	$ 11,458	$ 5,099	$ 33,491	$ 20,644
Other comprehensive income (loss):
Unrealized gains (losses) on securities available-for-sale	(2,227)	(178)	(2,541)	335
Less: reclassification adjustment for realized gains included in net income	90		90
Tax benefit (expense)	511	39	579	(74)
Total other comprehensive income (loss)	(1,806)	(139)	(2,052)	261
Comprehensive income	$ 9,652	$ 4,960	$ 31,439	$ 20,905

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Common Stock	Additional Paid-in Capital	Retained EarningsCumulative Effect, Period of Adoption, Adjustment	Retained Earnings	Treasury Stock	AOCI Attributable to Parent	Cumulative Effect, Period of Adoption, Adjustment	Total
Beginning Balance at Jun. 30, 2019	$ 93	$ 94,541		$ 143,677	$ (1,166)	$ 1,247		$ 238,392
Net Income				20,644				20,644
Change in unrealized gain on available for sale securities						261		261
Dividends paid on common stock				(4,144)				(4,144)
Stock option expense		51						51
Stock grant expense		356						356
Exercise of stock options		64						64
Treasury stock purchased					(5,771)			(5,771)
Ending Balance at Mar. 31, 2020	93	95,012		160,177	(6,937)	1,508		249,853
Beginning Balance at Dec. 31, 2019	93	94,650		156,459	(3,980)	1,647		248,869
Net Income				5,099				5,099
Change in unrealized gain on available for sale securities						(139)		(139)
Dividends paid on common stock				(1,381)				(1,381)
Stock option expense		20						20
Stock grant expense		310						310
Exercise of stock options		32						32
Treasury stock purchased					(2,957)			(2,957)
Ending Balance at Mar. 31, 2020	93	95,012		160,177	(6,937)	1,508		249,853
Beginning Balance at Jun. 30, 2020	93	95,035	$ 7,151	165,709	(6,937)	4,447	$ 7,151	258,347
Net Income				33,491				33,491
Change in unrealized gain on available for sale securities						(2,052)		(2,052)
Dividends paid on common stock				(4,171)				(4,171)
Stock option expense		514						514
Common stock issued	1							1
Treasury stock purchased					(6,040)			(6,040)
Ending Balance at Mar. 31, 2021	94	95,549		187,878	(12,977)	2,395		272,939
Beginning Balance at Dec. 31, 2020	93	95,109		177,861	(9,575)	4,201		267,689
Net Income				11,458				11,458
Change in unrealized gain on available for sale securities						(1,806)		(1,806)
Dividends paid on common stock				(1,441)				(1,441)
Stock option expense		440						440
Common stock issued	1							1
Treasury stock purchased					(3,402)			(3,402)
Ending Balance at Mar. 31, 2021	$ 94	$ 95,549		$ 187,878	$ (12,977)	$ 2,395		$ 272,939

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (Parenthetical) - $ / shares	3 Months Ended		9 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2021	Mar. 31, 2020
CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (Unaudited)
Dividends paid on common stock	$ 0.16	$ 0.15	$ 0.46	$ 0.45

CONDENSED CONSOLIDATED STATEM_5

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Cash Flows From Operating Activities:
Net Income	$ 33,491	$ 20,644
Items not requiring (providing) cash:
Depreciation	3,030	2,841
Loss on disposal of fixed assets	27	295
Stock option and stock grant expense	513	471
Loss on sale/write-down of REO	60	223
Amortization of intangible assets	1,057	1,322
Accretion of purchase accounting adjustments	(1,078)	(1,144)
Increase in cash surrender value of bank owned life insurance (BOLI)	(1,524)	(755)
Provision for credit losses	1,591	4,134
Net amortization of premiums and discounts on securities	1,349	896
Gain on sale of AFS securities	(90)
Originations of loans held for sale	(131,889)	(25,705)
Proceeds from sales of loans held for sale	129,637	24,826
Gain on sales of loans held for sale	(3,449)	(653)
Changes in:
Accrued interest receivable	2,086	435
Prepaid expenses and other assets	2,562	310
Accounts payable and other liabilities	(3,611)	557
Deferred income taxes	(429)	19
Accrued interest payable	(728)	(346)
Net cash provided by operating activities	32,605	28,370
Cash flows from investing activities:
Net decrease (increase) in loans	2,478	(123,999)
Net change in interest-bearing deposits	(6)	(3)
Proceeds from maturities of available for sale securities	48,668	34,587
Proceeds from sales of AFS securities	16,284
Net redemptions (purchases) of Federal Home Loan Bank stock	227	(3,469)
Net purchases of Federal Reserve Bank of St. Louis stock	(655)	(3)
Purchases of available-for-sale securities	(82,725)	(50,207)
Purchases of premises and equipment	(1,389)	(3,409)
Investments in state & federal tax credits	(1,682)	(4,840)
Proceeds from sale of fixed assets	72	276
Proceeds from sale of foreclosed assets	978	1,317
Proceeds from BOLI claims	1,351
Net cash used in investing activities	(16,399)	(149,750)
Cash flows from financing activities:
Net increase in demand deposits and savings accounts	265,514	103,450
Net decrease in certificates of deposits	(81,572)	(25,439)
Net decrease in securities sold under agreements to repurchase		(4,376)
Proceeds from Federal Home Loan Bank advances	110,100	521,200
Repayments of Federal Home Loan Bank advances	(117,386)	(442,835)
Purchase of treasury stock	(6,040)	(5,771)
Dividends paid on common stock	(4,171)	(4,144)
Net cash provided by financing activities	166,445	142,085
Increase in cash and cash equivalents	182,651	20,705
Cash and cash equivalents at beginning of period	54,245	35,400
Cash and cash equivalents at end of period	236,896	56,105
Noncash investing and financing activities:
Conversion of loans to foreclosed real estate	721	1,035
Conversion of loans to repossessed assets	428	191
Right of use assets obtained in exchange for lease obligations: Operating Leases	599	1,996
Cash paid during the period for:
Interest (net of interest credited)	2,129	3,084
Income taxes	$ 7,736	$ 1,541

Basis of Presentation

Basis of Presentation	9 Months Ended
	Mar. 31, 2021
Basis of Presentation
Basis of Presentation	Note 1: Basis of Presentation The accompanying unaudited interim consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial information and with the instructions to Form 10-Q and Rule 10-01 of Securities and Exchange Commission (SEC) Regulation S-X. Accordingly, they do not include all of the information and footnotes required by accounting principles generally accepted in the United States of America for complete financial statements. In the opinion of management, all material adjustments (consisting only of normal recurring accruals) considered necessary for a fair presentation have been included. The condensed consolidated balance sheet of the Company as of June 30, 2020, has been derived from the audited consolidated balance sheet of the Company as of that date. Operating results for the three- and nine- month periods ended March 31, 2021, are not necessarily indicative of the results that may be expected for the entire fiscal year. For additional information, refer to the audited consolidated financial statements included in the Company’s June 30, 2020 Form 10-K, which was filed with the SEC. The accompanying condensed consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries. All significant intercompany accounts and transactions have been eliminated in consolidation.

Organization and Summary of Sig

Organization and Summary of Significant Accounting Policies	9 Months Ended
	Mar. 31, 2021
Organization and Summary of Significant Accounting Policies
Organization and Summary of Significant Accounting Policies	Note 2: Organization and Summary of Significant Accounting Policies Organization. The Bank is primarily engaged in providing a full range of banking and financial services to individuals and corporate customers in its market areas. The Bank and Company are subject to competition from other financial institutions. The Bank and Company are subject to the regulation of certain federal and state agencies and undergo periodic examinations by those regulatory authorities. Basis of Financial Statement Presentation. Principles of Consolidation. The consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries. All significant intercompany accounts and transactions have been eliminated. Use of Estimates. On July 1, 2020, Financial Instruments – Credit Losses which created material changes to the existing critical accounting policy that existed at June 30, 2020 . Effective July 1, 2020 , the significant accounting policy which was considered to be the most critical in preparing the Company’s consolidated financial statements is the determination of the allowance for credit losses (“ACL”) on loans. Cash and Cash Equivalents. Interest-bearing Time Deposits. Available for Sale Securities. Premiums and discounts on debt securities are amortized or accreted as adjustments to income over the estimated life of the security using the level yield method. Realized gains or losses on the sale of securities is based on the specific identification method. The fair value of securities is based on quoted market prices or dealer quotes. If a quoted market price is not available, fair value is estimated using quoted market prices for similar securities. The Company does not invest in collateralized mortgage obligations that are considered high risk. For AFS securities with fair value less than amortized cost that management has no intent to sell and believes that it more likely than not will not be required to sell prior to recovery, only the credit loss component of the impairment is recognized in earnings, while the noncredit loss is recognized in accumulated other comprehensive income (loss). The credit loss component recognized in earnings is identified as the amount of principal cash flows not expected to be received over the remaining term of the security as projected based on cash flow projections, and is recorded to the ACL, by a charge to provision for credit losses. Accrued interest receivable is excluded from the estimate of credit losses. Both the ACL and the adjustment to net income may be reversed if conditions change. However, if the Company intends to sell an impaired AFS security, or, if it is more likely than not the Company will be required to sell such a security before recovering its amortized cost basis, the entire impairment amount would be recognized in earnings with a corresponding adjustment to the security’s amortized cost basis. Because the security’s amortized cost basis is adjusted to fair value, there is no ACL in this situation. At adoption of ASU 2016-13, no impairment on AFS securities was attributable to credit. The Company will evaluate impaired AFS securities at the individual level on a quarterly basis, and will consider such factors including, but not limited to: the extent to which the fair value of the security is less than the amortized cost basis; adverse conditions specifically related to the security, an industry, or geographic area; the payment structure of the security and likelihood of the issuer to be able to make payments that may increase in the future; failure of the issuer to make scheduled interest or principal payments; any changes to the rating of the security by a rating agency; and the ability and intent to hold the security until maturity. A qualitative determination as to whether any portion of the impairment is attributable to credit risk is acceptable. There were no credit related factors underlying unrealized losses on AFS securities at March 31, 2021, and June 30, 2020. Changes in the ACL are recorded as expense. Losses are charged against the ACL when management believes the uncollectability of an AFS debt security is confirmed or when either of the criteria regarding intent or requirement to sell is met. Federal Reserve Bank and Federal Home Loan Bank Stock. Loans. The ACL is a valuation account that is deducted from the loans’ amortized cost basis to present the net amount expected to be collected on the loans, and is established through provision for credit losses charged to current earnings. The ACL is increased by the provision for losses on loans charged to expense and reduced by loans charged off, net of recoveries. Loans are charged off in the period deemed uncollectible, based on management’s analysis of expected cash flows (for non-collateral dependent loans) or collateral value (for collateral-dependent loans). Subsequent recoveries of loans previously charged off, if any, are credited to the allowance when received. Management estimates the ACL using relevant available information, from internal and external sources, relating to past events, current conditions, and reasonable and supportable forecasts. Adjustments may be made to historical loss information for differences identified in current loan-specific risk characteristics, such as differences in underwriting standards or terms; lending review systems; experience, ability, or depth of lending management and staff; portfolio growth and mix; delinquency levels and trends; as well as for changes in environmental conditions, such as changes in economic activity or employment, agricultural economic conditions, property values, or other relevant factors. The Company generally assesses past events and current conditions based on the trailing eight quarters of activity, and incorporates a reasonable and supportable forecast period of four quarters, with an immediate reversion to historical averages. The ACL is measured on a collective (pool) basis when similar risk characteristics exist. For loans that do not share general risk characteristics with the collectively evaluated pools, the Company estimates credit losses on an individual loan basis, and these loans are excluded from the collectively evaluated pools. An ACL for an individually evaluated loan is recorded when the amortized cost basis of the loan exceeds the discounted estimated cash flows using the loan’s initial effective interest rate or the fair value, less estimated costs to sell, of the collateral for certain collateral dependent loans. For the collectively evaluated pools, the Company segments the loan portfolio primarily by loan purpose and collateral into 23 pools, which are homogeneous groups of loans that possess similar loss potential characteristics. The Company utilizes the discounted cash flow (“DCF”) methodology for measurement of the required ACL for all loan pools. The DCF model implements probability of default (“PD”) and loss given default (“LGD”) calculations at the instrument level. PD and LGD are determined from the Company’s historical experience over a period of approximately five years. The Company defines a default as an event of charge off, an adverse (substandard or worse) internal credit rating, becoming delinquent 90 days or more, or being placed on nonaccrual status. A PD/LGD estimate is applied to a projected model of the loan’s cashflow, including principal and interest payments, with consideration for prepayment speeds, principal curtailments, and recovery lag. Prepayments, curtailments, and recovery lag have been determined to not have a material impact on estimated credit losses, historically. Prior to the July 1, 2020, adoption of ASU 2016-13, the allowance for loan and lease losses (ALLL) represented management’s best estimate of probable losses in the existing loan portfolio at the end of the reporting period. Integral to the methodology for determining the adequacy of the ALLL was portfolio segmentation and impairment measurement. Under the Company’s methodology, loans were first segmented into 1) those comprising large groups of homogeneous loans which are collectively evaluated for impairment and 2) all other loans which are individually evaluated. Those loans in the second category were further segmented utilizing a defined grading system which involves categorizing loans by severity of risk based on conditions that may affect the ability of the borrowers to repay their debt, such as current financial information, collateral valuations, historical payment experience, credit documentation, public information, and current trends. Loans were considered impaired if, based on current information and events, it was considered probable that the Company would be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the loan agreement, and was generally based on the fair value, less estimated costs to sell, of the loan’s collateral. If the loan was not collateral-dependent, the measurement of impairment was based on the present value of expected future cash flows discounted at the historical effective interest rate, or the observable market price of the loan. Impairment identified through this evaluation process was a component of the ALLL. If a loan was not considered impaired, it was grouped together with loans having similar characteristics (i.e., the same risk grade), and an ALLL was based upon a quantitative factor (historical average charge-offs) and qualitative factors such as changes in lending policies; national, regional, and local economic conditions; changes in mix and volume of portfolio; experience, ability, and depth of lending management and staff; entry to new markets; levels and trends of delinquent, nonaccrual, special mention, and classified loans; concentrations of credit; changes in collateral values; agricultural economic conditions; and regulatory risk. Prior to the July 1, 2020, adoption of ASU 2016-13, loans acquired in an acquisition that had evidence of credit quality deterioration since origination and for which it was probable that the Company would be unable to collect all contractually required payments receivable were considered purchased credit impaired (“PCI”). PCI loans were individually evaluated and recorded at fair value at the date of acquisition with no initial ALLL based on a DCF methodology that considered various factors including the type of loan and related collateral, classification status, fixed or variable interest rate, term of loan and whether or not the loan was amortizing, and a discount rate reflecting the Company’s assessment of risk inherent in the cash flow estimates. The difference between the DCFs expected at acquisition and the investment in the loan, or the “accretable yield,” was recognized as interest income on a level-yield method over the life of the loan. Contractually required payments for interest and principal that exceed the DCFs expected at acquisition, or the “non-accretable difference,” were not recognized on the balance sheet and did not result in any yield adjustments, loss accruals or valuation allowances. Increases in expected cash flows, including prepayments, subsequent to the initial investment were recognized prospectively through adjustment of the yield on the loan over its remaining life. Decreases in expected cash flows were recognized as impairment. ALLL on PCI loans reflected only losses incurred after the acquisition (meaning the present value of all cash flows expected at acquisition that ultimately were not to be received). Subsequent to the July 1, 2020, adoption of ASU 2016-13, loans acquired in a business combination that have experienced more-than-insignificant deterioration in credit quality since origination are considered purchased credit deteriorated (“PCD”) loans. At the acquisition date, an estimate of expected credit losses is made for groups of PCD loans with similar risk characteristics and individual PCD loans without similar risk characteristics. This initial ACL is allocated to individual PCD loans and added to the purchase price or acquisition date fair values to establish the initial amortized cost basis of the PCD loans. As the initial ACL is added to the purchase price, there is no credit loss expense recognized upon acquisition of a PCD loan. Any difference between the unpaid principal balance of PCD loans and the amortized cost basis is considered to relate to non-credit factors and results in a discount or premium. Discounts and premiums are recognized through interest income on a level-yield method over the life of the loans. Upon adoption of ASU 2016-13, the amortized cost basis of the PCD assets were adjusted to reflect the addition of $434,000 to the ACL. The remaining noncredit discount, based on the adjusted amortized cost basis, will be accreted into interest income at the effective interest rate as of July 1, 2020. Loan fees and certain direct loan origination costs are deferred, and the net fee or cost is recognized as an adjustment to interest income using the interest method over the contractual life of the loans. Off-Balance Sheet Credit Exposures. Off-balance sheet credit instruments include commitments to make loans, and commercial letters of credit, issued to meet customer financing needs. The Company’s exposure to credit loss in the event of non-performance by the other party to the financial instrument for off-balance sheet loan commitments is represented by the contractual amount of those instruments. Such financial instruments are recorded when they are funded. The ACL on off-balance sheet credit exposures is estimated by loan pool on a quarterly basis under the current CECL model using the same methodologies as portfolio loans, taking into consideration the likelihood that funding will occur and is included in other liabilities on the Company’s consolidated balance sheets. The Company records an ACL on off-balance sheet credit exposures, unless the commitments to extend credit are unconditionally cancelable. In prior periods the charge for credit loss expense for off-balance sheet credit exposures was included in other non-interest expense in the Company’s consolidated statements of income, whereas under updated regulatory accounting guidelines, that figure is combined with the provision for credit losses beginning July 1, 2020 . Foreclosed Real Estate. Valuations are periodically performed by management, and an allowance for losses is established by a charge to operations if the carrying value of a property exceeds its estimated fair value, less estimated selling costs. Loans to facilitate the sale of real estate acquired in foreclosure are discounted if made at less than market rates. Discounts are amortized over the fixed interest period of each loan using the interest method. Premises and Equipment. Depreciation is computed by use of straight-line and accelerated methods over the estimated useful lives of the assets. Estimated lives are generally seven three Bank Owned Life Insurance. Goodwill. Intangible Assets. five 2022 2024 Income Taxes. Deferred income tax expense results from changes in deferred tax assets and liabilities between periods. Deferred tax assets are recognized if it is more likely than not, based on the technical merits, that the tax position will be realized or sustained upon examination. The term more likely than not means a likelihood of more than 50 percent; the terms examined and upon examination also include resolution of the related appeals or litigation processes, if any. A tax position that meets the more-likely-than-not recognition threshold is initially and subsequently measured as the largest amount of tax benefit that has a greater than 50 percent likelihood of being realized upon settlement with a taxing authority that has full knowledge of all relevant information. The determination of whether or not a tax position has met the more-likely-than-not recognition threshold considers the facts, circumstances, and information available at the reporting date and is subject to management’s judgment. Deferred tax assets are reduced by a valuation allowance if, based on the weight of evidence available, it is more likely than not that some portion or all of a deferred tax asset will not be realized. The Company recognizes interest and penalties on income taxes as a component of income tax expense. The Company files consolidated income tax returns with its subsidiaries, the Bank and SB Real Estate Investments, LLC, with a tax year ended June 30. Southern Bank Real Estate Investments, LLC files a separate REIT return for federal tax purposes, and also files state income tax returns with a tax year ended December 31. Incentive Plans. Outside Directors’ Retirement. five year In the event that the participant dies before collecting any or all of the benefits, the Bank shall pay the participant’s beneficiary. No benefits shall be payable to anyone other than the beneficiary, and shall terminate on the death of the beneficiary. Stock Options. Earnings Per Share. Comprehensive Income. Transfers Between Fair Value Hierarchy Levels. New Accounting Pronouncements: In August 2018, the FASB issued ASU 2018-13, Fair Value Measurement (Topic 820) - Disclosure Framework-Changes to the Disclosure Requirements for Fair Value Measurement. ASU 2018-13 modifies the disclosure requirements on fair value measurements in Topic 820. The amendments in this update remove disclosures that no longer are considered cost beneficial, modify/clarify the specific requirements of certain disclosures, and add disclosure requirements identified as relevant. ASU 2018-13 is effective for fiscal years beginning after December 15, 2019, with early adoption permitted for certain removed and modified disclosures. Adoption of this standard did not have a significant impact on the Company’s consolidated financial statements. In June 2016, the FASB issued ASU 2016-13, Financial Instruments – Credit Losses (Topic 326), which the Company adopted July 1, 2020. The Update amended guidance on reporting credit losses for financial assets held at amortized cost basis and available for sale debt securities. For financial assets held at amortized cost basis, Topic 326 eliminated the probable initial recognition threshold in current GAAP and, instead, requires an entity to reflect its current estimate of all expected credit losses. The Update affects loans, debt securities, trade receivables, net investments in leases, off balance sheet credit exposures, and any other financial assets not excluded from the scope that have the contractual right to receive cash. Adoption was applied on a modified retrospective basis, through a cumulative-effect adjustment to retained earnings. Adoption resulted in an increase to the ACL of $8.9 million, related to the transition from the incurred loss model to the CECL ACL model, and an increase of $434,000 related to the transition from PCI to PCD methodology, relative to the ALLL as of June 30, 2020. The Company also recorded an adjustment to the reserve for unfunded commitments recorded in other liabilities of $268,000. The impact at adoption was reflected as an adjustment to beginning retained earnings, net of income taxes, in the amount of $7.2 million. In accordance with the new standard, management did not reassess whether PCI assets met the criteria of PCD assets as of the date of adoption. The adoption of ASU 2016-13 in fiscal 2021 could also impact the Company’s future earnings, perhaps materially. ​ The following table illustrates the impact of adoption of ASU 2016-13: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ July 1, 2020 ​ As reported As reported Impact of ​ under prior to adoption (dollars in thousands) ASU 2016-13 ASU 2016-13 ASU 2016-13 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans receivable ​ $ 2,142,363 ​ $ 2,141,929 ​ $ 434 Allowance for credit losses on loans: ​ ​ ​ ​ ​ ​ ​ ​ ​ Real Estate Loans: ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential ​ 8,396 ​ 4,875 ​ 3,521 Construction ​ 1,889 ​ 2,010 ​ (121) Commercial ​ 15,988 ​ 12,132 ​ 3,856 Consumer loans ​ 2,247 ​ 1,182 ​ 1,065 Commercial loans ​ 5,952 ​ 4,940 ​ 1,012 Total allowance for credit losses on loans ​ $ 34,472 ​ $ 25,139 ​ $ 9,333 Total allowance for credit losses on off-balance sheet credit exposures ​ $ 2,227 ​ $ 1,959 ​ $ 268 ​ The above table includes the impact of ASU 2016-13 adoption for PCD assets previously classified as PCI. The change in the ACL includes $434,000 attributable to residential and commercial real estate loans, and the amortized cost basis of loans receivable was increased for those loans by that total amount. In March 2020, the CARES Act was signed into law, creating a forbearance program for federally backed mortgage loans, protects borrowers from negative credit reporting due to loan accommodations related to the National Emergency, and provides financial institutions the option to temporarily suspend certain requirements under U.S. GAAP related to troubled debt restructurings (TDR) for a limited period of time to account for the effects of COVID-19. The Company has elected to not apply ASC Subtopic 310-40 for loans eligible under the CARES Act, based on the modification’s (1) relation to COVID-19, (2) execution for a loan that was not more than 30-days past due as of December 31, 2019, and (3) execution between March 1, 2020, and the earlier of the date that falls 60 days following the termination of the declared National Emergency, or December 31, 2020. The 2021 Consolidated Appropriations Act, signed into law in December 2020, extended the window during which loans may be modified without classification as TDRs under ASC Subtopic 310-40, to the earlier of January 1, 2022, or 60 days following the termination of the declared National Emergency. ​ Reclassifications. Certain reclassifications have been made to the three- and nine- month periods ended March 31, 2020 consolidated financial statements to conform to the three- and nine- month periods ended March 31, 2021 consolidated financial statement presentation. These reclassifications had no effect on net earnings or stockholders’ equity. Revisions. Certain immaterial revisions have been made to the three- and nine- month periods ended March 31, 2020 consolidated financial statements for reporting interchange income and expenses related to an agent relationship. These revisions did not have a significant impact on the consolidated financials statement line items impacted.

Securities

Securities	9 Months Ended
	Mar. 31, 2021
Securities
Securities	Note 3: Securities The amortized cost, gross unrealized gains, gross unrealized losses, ACL, and approximate fair value of securities available for sale consisted of the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2021 ​ ​ ​ Gross Gross Allowance ​ Estimated ​ Amortized Unrealized Unrealized for Fair (dollars in thousands) Cost Gains Losses Credit Losses Value ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Investment and mortgage backed securities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ State and political subdivisions ​ $ 42,065 ​ $ 1,332 ​ $ (105) ​ $ — ​ $ 43,292 Other securities ​ 21,000 ​ 235 ​ (398) ​ — ​ 20,837 Mortgage-backed GSE residential ​ 124,227 ​ 3,188 ​ (1,135) ​ — ​ 126,280 Total investments and mortgage-backed securities ​ $ 187,292 ​ $ 4,755 ​ $ (1,638) ​ $ — ​ $ 190,409 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2020 ​ ​ ​ Gross Gross ​ Estimated ​ Amortized Unrealized Unrealized Fair (dollars in thousands) Cost Gains Losses Value ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Investment and mortgage backed securities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ State and political subdivisions ​ $ 40,486 ​ $ 1,502 ​ $ — ​ $ 41,988 Other securities ​ 7,919 ​ 48 ​ (343) ​ 7,624 Mortgage-backed GSE residential ​ 122,375 ​ 4,576 ​ (39) ​ 126,912 Total investment and mortgage-backed securities ​ $ 170,780 ​ $ 6,126 ​ $ (382) ​ $ 176,524 ​ The amortized cost and estimated fair value of investment and mortgage-backed securities, by contractual maturity, are shown below. Expected maturities will differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without penalties. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2021 ​ Amortized Estimated (dollars in thousands) Cost Fair Value Within one year ​ $ 2,003 ​ $ 2,025 After one year but less than five years ​ 8,450 ​ 8,610 After five years but less than ten years ​ 29,173 ​ 29,669 After ten years ​ 23,439 ​ 23,825 Total investment securities ​ 63,065 ​ 64,129 Mortgage-backed securities ​ 124,227 ​ 126,280 Total investment and mortgage-backed securities ​ $ 187,292 ​ $ 190,409 ​ The carrying value of investment and mortgage-backed securities pledged as collateral to secure public deposits amounted to $162.5 million at March 31, 2021 and $156.1 million at June 30, 2020. The securities pledged consist of marketable securities, including $120.5 million and $123.9 million of Mortgage-backed Securities, $42.0 million and $32.0 million of State and Political Subdivisions Obligations, and $0 and $200,000 of Other Securities at March 31, 2021 and June 30, 2020, respectively. The following tables show the Company’s investments’ gross unrealized losses and fair value, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position for which an ACL has not been recorded at March 31, 2021 and June 30, 2020: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2021 ​ Less than 12 months 12 months or more Total ​ ​ ​ ​ Unrealized ​ ​ ​ Unrealized ​ ​ ​ Unrealized (dollars in thousands) Fair Value Losses Fair Value Losses Fair Value Losses ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Obligations of state and political subdivisions ​ $ 7,175 ​ $ 105 ​ $ — ​ $ — ​ $ 7,175 ​ $ 105 Other securities ​ ​ 10,723 ​ ​ 157 ​ ​ 735 ​ ​ 241 ​ ​ 11,458 ​ ​ 398 Mortgage-backed securities ​ 45,723 ​ 1,135 ​ — ​ — ​ 45,723 ​ 1,135 Total investment and mortgage-backed securities ​ $ 63,621 ​ $ 1,397 ​ $ 735 ​ $ 241 ​ $ 64,356 ​ $ 1,638 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2020 ​ Less than 12 months 12 months or more Total ​ ​ ​ ​ Unrealized ​ ​ ​ Unrealized ​ ​ ​ Unrealized (dollars in thousands) Fair Value Losses Fair Value Losses Fair Value Losses ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other securities ​ $ 995 ​ $ 5 ​ $ 643 ​ $ 338 ​ $ 1,638 ​ $ 343 Mortgage-backed securities ​ 9,037 ​ 39 ​ — ​ — ​ 9,037 ​ 39 Total investments and mortgage-backed securities ​ $ 10,032 ​ $ 44 ​ $ 643 ​ $ 338 ​ $ 10,675 ​ $ 382 ​ Mortgage-backed securities Obligations of state and political subdivisions Other securities. At March 31, 2021 there were two pooled trust preferred securities with an estimated fair value of $735,000 and unrealized losses of $241,000 in a continuous unrealized loss position for twelve months or more. These unrealized losses were primarily due to the long-term nature of the pooled trust preferred securities and a reduced demand for these securities, and concerns regarding the financial institutions that issued the underlying trust preferred securities. The March 31, 2021, cash flow analysis for these two securities indicated it is probable the Company will receive all contracted principal and related interest projected. The cash flow analysis used in making this determination was based on anticipated default, recovery, and prepayment rates, and the resulting cash flows were discounted based on the yield spread anticipated at the time the securities were purchased. Other inputs include the actual collateral attributes, which include credit ratings and other performance indicators of the underlying financial institutions, including profitability, capital ratios, and asset quality. Assumptions for these two securities included prepayments averaging 1.8 percent, annually, annual defaults averaging 220 basis points over the next two years, and 68 basis points thereafter, and a recovery rate averaging seven percent of gross defaults, lagged two years . One of these two securities has continued to receive cash interest payments in full since the Company’s purchase; the other security received principal-in-kind (PIK), in lieu of cash interest, for a period of time following the recession and financial crisis which began in 2008, but resumed cash interest payments during fiscal 2014. The Company's cash flow analysis indicates that cash interest payments are expected to continue for both securities. Because the Company does not intend to sell these securities and it is likely that the Company will not be required to sell these securities prior to recovery of their amortized cost basis, which may be maturity, the Company has not recorded an ACL on these securities. The Company does not believe any other individual unrealized loss as of March 31, 2021, is the result of a credit loss. However, the Company could be required to recognize an ACL in future periods with respect to its available for sale investment securities portfolio. Credit losses recognized on investments.

Loans and Allowance for Credit

Loans and Allowance for Credit Losses	9 Months Ended
	Mar. 31, 2021
Loans and Allowance for Credit Losses
Loans and Allowance for Credit Losses	Note 4: Loans and Allowance for Credit Losses Classes of loans are summarized as follows: ​ ​ ​ ​ ​ ​ ​ ​ (dollars in thousands) March 31, 2021 June 30, 2020 Real Estate Loans: ​ ​ ​ ​ ​ ​ Residential ​ $ 655,800 ​ $ 627,357 Construction ​ 202,945 ​ 185,924 Commercial ​ 897,450 ​ 887,419 Consumer loans ​ 76,347 ​ 80,767 Commercial loans ​ 421,825 ​ 468,448 ​ ​ 2,254,367 ​ 2,249,915 Loans in process ​ (80,203) ​ (78,452) Deferred loan fees, net ​ (4,052) ​ (4,395) Allowance for credit losses ​ (35,227) ​ (25,139) Total loans ​ $ 2,134,885 ​ $ 2,141,929 ​ The Company’s lending activities consist of origination of loans secured by mortgages on one- to four-family residences and commercial and agricultural real estate, construction loans on residential and commercial properties, commercial and agricultural business loans and consumer loans. At March 31, 2021 the Company had purchased participations in 22 loans totaling $75.3 million, as compared to 23 loans totaling $58.2 million at June 30, 2020. Residential Mortgage Lending. The Company also originates loans secured by multi-family residential properties that are often located outside the Company’s primary lending area but made to borrowers who operate within our primary market area. The majority of the multi-family residential loans that are originated by the Company are amortized over periods generally up to 25 years, with balloon maturities typically up to ten years. Both fixed and adjustable interest rates are offered and it is typical for the Company to include an interest rate “floor” and “ceiling” in the loan agreement. Generally, multi-family residential loans do not exceed 85% of the lower of the appraised value or purchase price of the secured property. General risks related to multi-family residential lending include rental demand, rental rates, and vacancies, as well as collateral values and borrower leverage. Commercial Real Estate Lending. Most commercial real estate loans originated by the Company generally are based on amortization schedules of up to 25 years with monthly principal and interest payments. Generally, the interest rate received on these loans is fixed for a maturity for up to ten years, with a balloon payment due at maturity. Alternatively, for some loans, the interest rate adjusts at least annually after an initial period up to seven years. The Company typically includes an interest rate “floor” in the loan agreement. Generally, improved commercial real estate loan amounts do not exceed 80% of the lower of the appraised value or the purchase price of the secured property. Agricultural real estate terms offered differ slightly, with amortization schedules of up to 25 years with an 80% loan-to-value ratio, or 30 years with a 75% loan-to-value ratio. Construction Lending. six While the Company typically utilizes relatively short maturity periods to closely monitor the inherent risks associated with construction loans for these loans, weather conditions, change orders, availability of materials and/or labor, and other factors may contribute to the lengthening of a project, thus necessitating the need to renew the construction loan at the balloon maturity. Such extensions are typically executed in incremental three month periods to facilitate project completion. The Company’s average term of construction loans is approximately eight months. During construction, loans typically require monthly interest only payments which may allow the Company an opportunity to monitor for early signs of financial difficulty should the borrower fail to make a required monthly payment. Additionally, during the construction phase, the Company typically performs interim inspections which further allow the Company opportunity to assess risk. At March 31, 2021, construction loans outstanding included 52 loans, totaling $28.0 million, for which a modification had been agreed to. At June 30, 2020, construction loans outstanding included 77 loans, totaling $48.8 million, for which a modification had been agreed to. In general, these modifications were solely for the purpose of extending the maturity date due to conditions described above, pursuant to the Company’s normal underwriting and monitoring procedures. As these modifications were not executed due to financial difficulty on the part of the borrower, they were not accounted for as troubled debt restructurings (TDRs); nor were they made pursuant to exemptions provided under the CARES Act. Under the CARES Act, financial institutions have the option to temporarily suspend certain requirements under U.S. GAAP related to TDRs for a limited period of time to account for the effects of COVID-19. Loans modified under the CARES Act did not include any construction loans with drawn balances at March 31, 2021. Consumer Lending Home equity lines of credit (HELOCs) are secured with a deed of trust and are issued up to 100% of the appraised or assessed value of the property securing the line of credit, less the outstanding balance on the first mortgage and are typically issued for a term of ten years. Interest rates on the HELOCs are generally adjustable. Interest rates are based upon the loan-to-value ratio of the property with better rates given to borrowers with more equity. Risks related to HELOC lending generally include the stability of borrower income and collateral values. Automobile loans originated by the Company include both direct loans and a smaller amount of loans originated by auto dealers. The Company generally pays a negotiated fee back to the dealer for indirect loans. Typically, automobile loans are made for terms of up to 60 months for new and used vehicles. Loans secured by automobiles have fixed rates and are generally made in amounts up to 100% of the purchase price of the vehicle. Risks to automobile and other consumer lending generally include the stability of borrower income and borrower willingness to repay. Commercial Business Lending Allowance for Credit Losses. ● trailing measures ( 12-month ) of national and state unemployment, which continued to increase in the most recent quarter. This is assessed to be an elevated and increasing risk factor; ● trailing measures ( 2 years ) of GDP growth, which continued to improve in the most recent quarter, but over the lookback period remains very low by historical standards. This is considered to be an elevated and declining risk factor; ● projected GDP growth, which increased in the most recent quarter, and remains quite high by historical standards. This is considered to be a low and stable risk factor; ● the pace of growth of the Company’s loan portfolio, exclusive of acquisitions or government guaranteed loans, relative to overall economic growth. This measure remains elevated, but continued to moderate in the most recent quarter, and is considered to be an elevated and declining risk factor; ● levels and trends for loan delinquencies nationally and in the region. This measure as reported remains relatively stable, but management considers the measure to currently be under-reported due to the availability of modifications under the CARES Act. This is considered to be an elevated and uncertain risk factor; ● exposure to the hotel industry, in particular, metropolitan area hotels more impacted by activity restrictions and a lack of business or convention-related travel. This is considered to be an elevated and stable risk factor. Management considered the impact of the COVID-19 pandemic on its consumer and business borrowers, particularly those business borrowers most affected by efforts to contain the pandemic, including our borrowers in the retail and multi-tenant retail industry, restaurants, and hotels, when making qualitative factor adjustments. To date, various relief efforts, notably including the availability of forgivable Paycheck Protection Program (PPP) loans to borrowers and deferrals or modifications available as encouraged by banking regulatory authorities and the CARES Act, have resulted in limited impact on the Company’s credit quality indicators, as is true of the industry generally. It is possible that the ongoing adverse effects of the pandemic may not be offset by future relief efforts, which could cause the outlook for economic conditions and levels and trends of past-due loans to significantly worsen, and require additions to the ACL. The following tables present the balance in the ACL and the recorded investment in loans (excluding loans in process and deferred loan fees) based on portfolio segment as of March 31, 2021 and June 30, 2020, and activity in the ACL and ALLL for the three- and nine- month periods ended March 31, 2021 and 2020: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At period end and for the nine months ended March 31, 2021 ​ Residential ​ Construction Commercial ​ ​ ​ ​ ​ ​ ​ ​ (dollars in thousands) Real Estate Real Estate Real Estate Consumer Commercial Total Allowance for credit losses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance, beginning of period prior to adoption of CECL ​ $ 4,875 ​ $ 2,010 ​ $ 12,132 ​ $ 1,182 ​ $ 4,940 ​ $ 25,139 Impact of CECL adoption ​ 3,521 ​ (121) ​ 3,856 ​ 1,065 ​ 1,012 ​ 9,333 Provision charged to expense ​ 1,536 ​ 129 ​ 1,319 ​ (929) ​ (670) ​ 1,385 Losses charged off ​ (178) ​ — ​ (90) ​ (130) ​ (276) ​ (674) Recoveries ​ 1 ​ — ​ 1 ​ 16 ​ 26 ​ 44 Balance, end of period ​ $ 9,755 ​ $ 2,018 ​ $ 17,218 ​ $ 1,204 ​ $ 5,032 ​ $ 35,227 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the three months ended March 31, 2021 ​ ​ Residential ​ Construction ​ Commercial ​ ​ ​ ​ ​ ​ ​ ​ (dollars in thousands) Real Estate Real Estate Real Estate Consumer Commercial Total Allowance for loan losses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance, beginning of period $ 10,398 $ 2,387 $ 15,239 $ 1,362 $ 6,085 $ 35,471 Provision charged to expense ​ ​ (576) ​ ​ (369) ​ ​ 2,070 ​ ​ (107) ​ ​ (1,018) ​ ​ — Losses charged off ​ ​ (68) ​ ​ — ​ ​ (91) ​ ​ (57) ​ ​ (42) ​ ​ (258) Recoveries ​ ​ 1 ​ ​ — ​ ​ — ​ ​ 6 ​ ​ 7 ​ ​ 14 Balance, end of period $ 9,755 $ 2,018 $ 17,218 $ 1,204 $ 5,032 $ 35,227 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At period end and for the nine months ended March 31, 2020 ​ Residential ​ Construction Commercial ​ ​ ​ ​ ​ ​ ​ ​ (dollars in thousands) Real Estate Real Estate Real Estate Consumer Commercial Total Allowance for loan losses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance, beginning of period ​ $ 3,706 ​ $ 1,365 ​ $ 9,399 ​ $ 1,046 ​ $ 4,387 ​ $ 19,903 Provision charged to expense ​ 1,195 ​ 246 ​ 2,140 ​ 156 ​ 397 ​ 4,134 Losses charged off ​ (305) ​ — ​ (12) ​ (117) ​ (173) ​ (607) Recoveries ​ 18 ​ — ​ 15 ​ 17 ​ 28 ​ 78 Balance, end of period ​ $ 4,614 ​ $ 1,611 ​ $ 11,542 ​ $ 1,102 ​ $ 4,639 ​ $ 23,508 Ending Balance: individually evaluated for impairment ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Ending Balance: collectively evaluated for impairment ​ $ 4,614 ​ $ 1,611 ​ $ 11,542 ​ $ 1,102 ​ $ 4,639 ​ $ 23,508 Ending Balance: loans acquired with deteriorated credit quality ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the three months ended March 31, 2020 ​ ​ Residential ​ Construction ​ Commercial ​ ​ ​ ​ ​ ​ ​ ​ (dollars in thousands) Real Estate Real Estate Real Estate Consumer Commercial Total Allowance for loan losses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance, beginning of period $ 3,712 $ 1,657 $ 9,827 $ 1,050 $ 4,568 $ 20,814 Provision charged to expense ​ ​ 1,035 ​ ​ (46) ​ ​ 1,727 ​ ​ 64 ​ ​ 70 ​ ​ 2,850 Losses charged off ​ ​ (133) ​ ​ — ​ ​ (12) ​ ​ (19) ​ ​ (26) ​ ​ (190) Recoveries ​ ​ — ​ ​ — ​ ​ — ​ ​ 7 ​ ​ 27 ​ ​ 34 Balance, end of period $ 4,614 $ 1,611 $ 11,542 $ 1,102 $ 4,639 $ 23,508 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At June 30, 2020 ​ Residential ​ ​ Construction ​ Commercial ​ ​ ​ ​ ​ ​ ​ ​ (dollars in thousands) Real Estate Real Estate Real Estate Consumer Commercial Total Allowance for loan losses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance, end of period ​ $ 4,875 ​ $ 2,010 ​ $ 12,132 ​ $ 1,182 ​ $ 4,940 ​ $ 25,139 Ending Balance: individually evaluated for impairment ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Ending Balance: collectively evaluated for impairment ​ $ 4,875 ​ $ 2,010 ​ $ 12,132 ​ $ 1,182 ​ $ 4,940 ​ $ 25,139 Ending Balance: loans acquired with deteriorated credit quality ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Loans: ​ ​ ​ ​ ​ ​ Ending Balance: individually evaluated for impairment ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Ending Balance: collectively evaluated for impairment ​ $ 626,085 ​ $ 106,194 ​ $ 872,716 ​ $ 80,767 ​ $ 463,902 ​ $ 2,149,664 Ending Balance: loans acquired with deteriorated credit quality ​ $ 1,272 ​ $ 1,278 ​ $ 14,703 ​ $ — ​ $ 4,546 ​ $ 21,799 ​ Included in the Company’s loan portfolio are certain loans acquired in a business combination that have experienced more-than-insignificant deterioration in credit quality since origination, which are considered purchased credit deteriorated (PCD) loans. Prior to the July 1, 2020 adoption of ASU 2016-13, these loans were accounted for in accordance with ASC 310-30, Loans and Debt Securities Acquired with Deteriorated Credit Quality, and were described as purchased credit impaired (PCI) loans. Under ASC 310-30, these loans were written down at acquisition to an amount estimated to be collectible, and, unless there was further deterioration following the acquisition, an ALLL was not recognized for these loans. As a result, certain historical ratios regarding the Company’s loan portfolio and credit quality cannot be used to compare the Company to peer companies or to compare the Company’s credit quality over time. The ratios particularly affected by accounting under ASC 310-30 include the allowance as a percentage of loans, nonaccrual loans, and nonperforming assets, and nonaccrual loans and nonperforming loans as a percentage of total loans. For more information about the transition from PCI to PCD status of the Company’s acquired loans, see Note 2: Organization and Summary of Significant Accounting Policies Loans Credit Quality Indicators Watch Special Mention Substandard financial condition, and insufficient collateral. They are characterized by the distinct possibility that the institution will sustain some loss if the deficiencies are not corrected. Doubtful Loans not meeting the criteria above that are analyzed individually as part of the above described process are considered to be Pass A periodic review of selected credits (based on loan size and type) is conducted to identify loans with heightened risk or probable losses and to assign risk grades. The primary responsibility for this review rests with loan administration personnel. This review is supplemented with periodic examinations of both selected credits and the credit review process by the Company’s internal audit function and applicable regulatory agencies. The information from these reviews assists management in the timely identification of problems and potential problems and provides a basis for deciding whether the credit continues to share similar risk characteristics with collectively evaluated loan pools, or whether credit losses for the loan should be evaluated on an individual loan basis. The following table presents the credit risk profile of the Company’s loan portfolio (excluding loans in process and deferred loan fees) based on rating category and year of origination as of March 31, 2021. This table includes PCD loans, which are reported according to risk categorization after acquisition based on the Company’s standards for such classification: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Revolving ​ ​ ​ ​ 2021 2020 2019 2018 2017 Prior loans Total Residential Real Estate ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 247,325 ​ $ 198,404 ​ $ 39,207 ​ $ 36,547 ​ $ 27,142 ​ $ 84,507 ​ $ 5,385 ​ $ 638,517 Watch ​ 125 ​ 71 ​ 10,994 ​ — ​ 93 ​ 817 ​ — ​ 12,100 Special Mention ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — Substandard ​ 4,652 ​ 48 ​ 17 ​ 52 ​ — ​ 414 ​ — ​ 5,183 Doubtful ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — Total Residential Real Estate ​ $ 252,102 ​ $ 198,523 ​ $ 50,218 ​ $ 36,599 ​ $ 27,235 ​ $ 85,738 ​ $ 5,385 ​ $ 655,800 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Construction Real Estate ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 73,397 ​ $ 42,331 ​ $ 6,998 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 122,726 Watch ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — Special Mention ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — Substandard ​ 16 ​ — ​ — ​ — ​ — ​ — ​ — ​ 16 Doubtful ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — Total Construction Real Estate ​ $ 73,413 ​ $ 42,331 ​ $ 6,998 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 122,742 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial Real Estate ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 264,035 ​ $ 174,218 ​ $ 109,116 ​ $ 105,165 ​ $ 76,865 ​ $ 84,000 ​ $ 25,836 ​ $ 839,235 Watch ​ 4,271 ​ 813 ​ 10,740 ​ 5,393 ​ 530 ​ 460 ​ 819 ​ 23,026 Special Mention ​ — ​ 8,806 ​ — ​ 1,793 ​ 12,826 ​ — ​ 300 ​ 23,725 Substandard ​ 8,713 ​ 1,162 ​ 506 ​ 6 ​ 50 ​ 101 ​ 69 ​ 10,607 Doubtful ​ — ​ — ​ 857 ​ — ​ — ​ — ​ — ​ 857 Total Commercial Real Estate ​ $ 277,019 ​ $ 184,999 ​ $ 121,219 ​ $ 112,357 ​ $ 90,271 ​ $ 84,561 ​ $ 27,024 ​ $ 897,450 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Consumer ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 17,990 ​ $ 10,989 ​ $ 4,580 ​ $ 1,584 ​ $ 797 ​ $ 689 ​ $ 39,459 ​ $ 76,088 Watch ​ 83 ​ — ​ — ​ — ​ — ​ — ​ 48 ​ 131 Special Mention ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — Substandard ​ — ​ 26 ​ — ​ 36 ​ 32 ​ — ​ 34 ​ 128 Doubtful ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — Total Consumer ​ $ 18,073 ​ $ 11,015 ​ $ 4,580 ​ $ 1,620 ​ $ 829 ​ $ 689 ​ $ 39,541 ​ $ 76,347 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 152,172 ​ $ 94,604 ​ $ 21,289 ​ $ 8,517 ​ $ 7,831 ​ $ 9,686 ​ $ 118,221 ​ $ 412,320 Watch ​ 1,284 ​ 274 ​ 1,791 ​ 139 ​ — ​ 7 ​ 1,991 ​ 5,486 Special Mention ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — Substandard ​ 449 ​ 1,109 ​ 321 ​ 1 ​ 176 ​ 4 ​ 1,959 ​ 4,019 Doubtful ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — Total Commercial ​ $ 153,905 ​ $ 95,987 ​ $ 23,401 ​ $ 8,657 ​ $ 8,007 ​ $ 9,697 ​ $ 122,171 ​ $ 421,825 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 754,919 ​ $ 520,546 ​ $ 181,190 ​ $ 151,813 ​ $ 112,635 ​ $ 178,882 ​ $ 188,901 ​ $ 2,088,886 Watch ​ 5,763 ​ 1,158 ​ 23,525 ​ 5,532 ​ 623 ​ 1,284 ​ 2,858 ​ 40,743 Special Mention ​ — ​ 8,806 ​ — ​ 1,793 ​ 12,826 ​ — ​ 300 ​ 23,725 Substandard ​ 13,830 ​ 2,345 ​ 844 ​ 95 ​ 258 ​ 519 ​ 2,062 ​ 19,953 Doubtful ​ — ​ — ​ 857 ​ — ​ — ​ — ​ — ​ 857 Total ​ $ 774,512 ​ $ 532,855 ​ $ 206,416 ​ $ 159,233 ​ $ 126,342 ​ $ 180,685 ​ $ 194,121 ​ $ 2,174,164 ​ At March 31, 2021, PCD loans comprised $3.2 million of credits rated “Pass”; $9.0 million of credits rated “Watch”; none rated “Special Mention”; $3.7 million of credits rated “Substandard”; and none rated “Doubtful”. The following table presents the credit risk profile of the Company’s loan portfolio (excluding loans in process and deferred loan fees) based on rating category and payment activity as of June 30, 2020. This table includes PCI loans, which were reported according to risk categorization after acquisition based on the Company’s standards for such classification: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2020 ​ ​ Residential ​ Construction ​ Commercial ​ ​ ​ ​ ​ (dollars in thousands) Real Estate Real Estate Real Estate Consumer Commercial Pass ​ $ 620,004 ​ $ 103,105 ​ $ 829,276 ​ $ 80,517 ​ $ 457,385 Watch ​ 1,900 ​ 4,367 ​ 45,262 ​ 45 ​ 4,708 Special Mention ​ — ​ — ​ 403 ​ 25 ​ — Substandard ​ 5,453 ​ — ​ 11,590 ​ 180 ​ 6,355 Doubtful ​ — ​ — ​ 888 ​ — ​ — Total ​ $ 627,357 ​ $ 107,472 ​ $ 887,419 ​ $ 80,767 ​ $ 468,448 ​ At June 30, 2020, PCI loans comprised $5.9 million of credits rated “Pass”; $10.3 million of credits rated “Watch”, none rated “Special Mention”, $5.6 million of credits rated “Substandard” and none rated “Doubtful”. Past-due Loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2021 ​ ​ ​ ​ ​ ​ ​ ​ Greater Than ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Greater Than 90 ​ ​ 30-59 Days ​ 60-89 Days ​ 90 Days ​ Total ​ ​ ​ ​ Total Loans ​ Days Past Due (dollars in thousands) Past Due Past Due Past Due Past Due Current Receivable and Accruing Real Estate Loans: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential ​ $ 1,270 ​ $ — ​ $ 305 ​ $ 1,575 ​ $ 654,225 ​ $ 655,800 ​ $ — Construction ​ — ​ — ​ — ​ — ​ 122,742 ​ 122,742 ​ — Commercial ​ 1,329 ​ 12 ​ 399 ​ 1,740 ​ 895,710 ​ 897,450 ​ — Consumer loans ​ 322 ​ 52 ​ 95 ​ 469 ​ 75,878 ​ 76,347 ​ — Commercial loans ​ 333 ​ 39 ​ 148 ​ 520 ​ 421,305 ​ 421,825 ​ — Total loans ​ $ 3,254 ​ $ 103 ​ $ 947 ​ $ 4,304 ​ $ 2,169,860 ​ $ 2,174,164 ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2020 ​ ​ ​ ​ ​ ​ ​ ​ Greater Than ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Greater Than 90 ​ ​ 30-59 Days ​ 60-89 Days ​ 90 Days ​ Total ​ ​ ​ ​ Total Loans ​ Days Past Due (dollars in thousands) Past Due Past Due Past Due Past Due Current Receivable and Accruing Real Estate Loans: ​ ​ ​ ​ ​ ​ ​ Residential ​ $ 772 ​ $ 378 ​ $ 654 ​ $ 1,804 ​ $ 625,553 ​ $ 627,357 ​ $ — Construction ​ — ​ — ​ — ​ — ​ 107,472 ​ 107,472 ​ — Commercial ​ 641 ​ 327 ​ 1,073 ​ 2,041 ​ 885,378 ​ 887,419 ​ — Consumer loans ​ 180 ​ 53 ​ 193 ​ 426 ​ 80,341 ​ 80,767 ​ — Commercial loans ​ 93 ​ 1,219 ​ 810 ​ 2,122 ​ 466,326 ​ 468,448 ​ — Total loans ​ $ 1,686 ​ $ 1,977 ​ $ 2,730 ​ $ 6,393 ​ $ 2,165,070 ​ $ 2,171,463 ​ $ — ​ Under the CARES Act, financial institutions have the option to temporarily suspend certain requirements under U.S. GAAP related to TDRs for a limited period of time to account for the effects of COVID-19. Loans with such modifications in effect at March 31, 2021, included $40.4 million in loans reported as current in the above table, while none were past due. Loans with such modifications in effect at June 30, 2020, included $380.1 million in loans reported as current in the above table, while an additional $29,000 of consumer loans and $1,000 in residential real estate loans with such modifications were reported as 30-59 days past due, and $66,000 of commercial loans with such modifications were reported as 60-89 days past due at such date. At March 31, 2021 and June 30, 2020 there were no PCD or PCI loans that were greater than 90 days past due. Loans that experience insignificant payment delays and payment shortfalls generally are not adversely classified or determined to not share similar risk characteristics with collectively evaluated pools of loans for determination of the ACL estimate. Management determines the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower’s prior payment record and the amount of the shortfall in relation to the principal and interest owed. Significant payment delays or shortfalls may lead to a determination that a loan should be individually evaluated for estimated credit losses. Collateral-dependent Loans. ​ ​ ​ ​ ​ ​ ​ ​ ​ Amortized cost basis of ​ ​ ​ loans determined to be ​ Related allowance ​ ​ collateral dependent ​ for credit losses (dollars in thousands) ​ ​ Residential real estate loans ​ ​ 1- to 4-family residential loans ​ $ 904 ​ $ 232 Total loans ​ $ 904 ​ $ 232 ​ Impairment The table below presents impaired loans (excluding loans in process and deferred loan fees) as of June 30, 2020. The table includes PCI loans at June 30, 2020 for which it was deemed probable, at acquisition, that the Company would be unable to collect all contractually required payments receivable. In an instance where, subsequent to the acquisition, the Company determined it was probable, for a specific loan, that cash flows received would exceed the amount previously expected, the Company will recalculate the amount of accretable yield in order to recognize the improved cash flow expectation as additional interest income over the remaining life of the loan. These loans, however, continued to be reported as impaired loans. In an instance where, subsequent to the acquisition, the Company determined it was probable, for a specific loan, that cash flows received would be less than the amount previously expected, the Company would allocate a specific allowance under the terms of ASC 310-10-35. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2020 ​ ​ Recorded ​ Unpaid Principal ​ Specific (dollars in thousands) Balance Balance Allowance Loans without a specific valuation allowance: ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential real estate ​ $ 3,811 ​ $ 4,047 ​ $ — Construction real estate ​ 1,277 ​ 1,312 ​ — Commercial real estate ​ 19,271 ​ 23,676 ​ — Consumer loans ​ ​ — ​ — ​ — Commercial loans ​ 5,040 ​ 6,065 ​ — Loans with a specific valuation allowance: ​ ​ ​ ​ Residential real estate ​ $ — ​ $ — ​ $ — Construction real estate ​ — ​ — ​ — Commercial real estate ​ — ​ — ​ — Consumer loans ​ — ​ — ​ — Commercial loans ​ — ​ — ​ — Total: ​ ​ ​ Residential real estate ​ $ 3,811 ​ $ 4,047 ​ $ — Construction real estate ​ $ 1,277 ​ $ 1,312 ​ $ — Commercial real estate ​ $ 19,271 ​ $ 23,676 ​ $ — Consumer loans ​ $ — ​ $ — ​ $ — Commercial loans ​ $ 5,040 ​ $ 6,065 ​ $ — ​ At June 30, 2020, PCI loans comprised $21.8 million of impaired loans without a specific valuation allowance. The following tables present information regarding interest income recognized on impaired loans: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the three-month period ended ​ ​ March 31, 2020 ​ ​ Average ​ ​ ​ ​ ​ Investment in ​ Interest Income (dollars in thousands) Impaired Loans Recognized Residential Real Estate ​ $ 1,288 ​ $ 22 Construction Real Estate ​ 1,292 ​ 30 Commercial Real Estate ​ 15,366 ​ 309 Consumer Loans ​ — ​ — Commercial Loans ​ 5,909 ​ 115 Total Loans ​ $ 23,855 ​ $ 476 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the nine-month period ended ​ ​ March 31, 2020 ​ ​ Average ​ ​ ​ ​ ​ Investment in ​ Interest Income (dollars in thousands) Impaired Loans Recognized Residential Real Estate $ 1,482 $ 67 Construction Real Estate ​ ​ 1,299 ​ ​ 114 Commercial Real Estate ​ ​ 16,544 ​ ​ 984 Consumer Loans ​ ​ — ​ ​ — Commercial Loans ​ ​ 5,860 ​ ​ 329 Total Loans $ 25,185 $ 1,494 ​ Interest income on impaired loans recognized on a cash basis in the three- and nine- month periods ended March 31, 2020, was immaterial. For the three- and nine- month periods ended March 31, 2020, the amount of interest income recorded for impaired loans that represented a change in the present value of cash flows attributable to the passage of time was approximately $47,000 and $210,000, respectively. Nonaccrual Loans ​ ​ ​ ​ ​ ​ ​ ​ (dollars in thousands) March 31, 2021 June 30, 2020 Residential real estate ​ $ 3,463 ​ $ 4,010 Construction real estate ​ — ​ — Commercial real estate ​ 2,496 ​ 3,106 Consumer loans ​ 181 ​ 196 Commercial loans ​ 616 ​ 1,345 Total loans ​ $ 6,756 ​ $ 8,657 ​ At March 31, 2021, there were no nonaccrual loans individually evaluated for which no ACL was recorded. Interest income recognized on nonaccrual loans in the three- and nine- month periods ended March 31, 2021 and 2020, was immaterial. Troubled Debt Restructurings During the nine- month period ended March 31, 2021, certain loans modified were classified as TDRs. During the three- month periods ended March 31, 2021, and the three- and nine- month periods ended March 31, 2020, there were no loans modified as TDRs. They are shown, segregated by class, in the table below: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the three-month periods ended ​ ​ March 31, 2021 ​ March 31, 2020 ​ ​ Number of ​ Recorded ​ Number of ​ Recorded (dollars in thousands) modifications Investment modifications Investment Residential real estate — ​ $ — — ​ $ — Construction real estate — ​ — — ​ — Commercial real estate — ​ — — ​ — Consumer loans — ​ — — ​ — Commercial loans — ​ — — ​ — Total — ​ $ — — ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the nine-month periods ended ​ ​ March 31, 2021 ​ March 31, 2020 ​ ​ Number of ​ Recorded ​ Number of ​ Recorded (dollars in thousands) modifications Investment modifications Investment Residential real estate 1 $ 93 — $ — Construction real estate — ​ ​ — — ​ ​ — Commercial real estate 2 ​ ​ 1,692 — ​ ​ — Consumer loans — ​ ​ — — ​ ​ — Commercial loans 1 ​ ​ 29 — ​ ​ — Total 4 $ 1,814 — $ — ​ Performing loans classified as TDRs and outstanding at March 31, 2021 and June 30, 2020, segregated by class, are shown in the table below. Nonperforming TDRs are shown as nonaccrual loans. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2021 ​ June 30, 2020 ​ ​ Number of ​ Recorded ​ Number of ​ Recorded (dollars in thousands) modifications Investment modifications Investment Residential real estate 3 ​ $ 1,014 3 ​ $ 791 Construction real estate — ​ — — ​ — Commercial real estate 7 ​ 3,401 10 ​ 4,544 Consumer loans — ​ — — ​ — Commercial loans 8 ​ 2,678 7 ​ 3,245 Total 18 ​ $ 7,093 20 ​ $ 8,580 ​ Residential Real Estate Foreclosures Purchased Credit Deteriorated Loans The carrying amount of $21.8 million in PCI loans was included in the consolidated balance sheet amount of loans receivable at June 30, 2020, with no associated ACL. In accordance with ASU 2016-13, the Company did not reassess whether the PCI loans met the criteria of PCD loans as of the adoption date. The amortized cost of the PCD loans were adjusted to reflect the addition of $434,000 to the ACL. PCD loans receivable, net of ACL, totaling $15.9 million were included in the balance sheet amount of loans receivable at March 31, 2021. During the three- and nine-month periods ended March 31, 2021, and during the same periods of the prior fiscal year, the Company had no increases to the ALLL or ACL by a charge to the consolidated income statement related to PCI or PCD loans. During the three- and nine-month periods ended March 31, 2021, an ACL of $0 and $209,000, respectively, related to these loans was reversed, while no ALLL related to these loans was reversed during the same periods of the prior fiscal year.

Premises and Equipment

Premises and Equipment	9 Months Ended
	Mar. 31, 2021
Premises and Equipment
Premises and Equipment	Note 5: Premises and Equipment Following is a summary of premises and equipment: ​ ​ ​ ​ ​ ​ ​ ​ (dollars in thousands) March 31, 2021 June 30, 2020 Land ​ $ 12,480 ​ $ 12,585 Buildings and improvements ​ 56,937 ​ 56,039 Construction in progress ​ 173 ​ 435 Furniture, fixtures, equipment and software ​ 18,730 ​ 18,109 Automobiles ​ 120 ​ 120 Operating leases ROU asset ​ 2,507 ​ 1,965 ​ ​ 90,947 ​ 89,253 Less accumulated depreciation ​ 27,039 ​ 24,147 ​ ​ $ 63,908 ​ $ 65,106 ​ Leases. All of the leases are classified as operating leases, and therefore, were previously not recognized on the Company’s consolidated balance sheets. With the adoption of ASU 2016-02, these operating leases are now included as a ROU asset in the premises and equipment line item on the Company’s consolidated balance sheets. The corresponding lease liability is included in the accounts payable and other liabilities line item on the Company’s consolidated balance sheets. Because these leases are classified as operating leases, the adoption of the new standard did not have a material effect on lease expense on the Company’s consolidated statements of income. ASU 2016-02 also requires certain other accounting elections. The Company elected the short-term lease recognition exemption for all leases that qualify, meaning those with terms under twelve months. ROU assets or lease liabilities are not to be recognized for short-term leases. The calculated amount of the ROU assets and lease liabilities in the table below are impacted by the length of the lease term and the discount rate used to present value the minimum lease payments. The Company’s lease agreements often include one or more options to renew at the Company’s discretion. If at lease inception, the Company considers the exercising of a renewal option to be reasonably certain, the Company will include the extended term in the calculation of the ROU asset and lease liability. Regarding the discount rate, the ASU requires the use of the rate implicit in the lease whenever this rate is readily determinable. As this rate is rarely determinable, the Company utilizes its incremental borrowing rate at lease inception over a similar term. The discount rate utilized was 5%. The expected lease terms range from 18 months to 20 years. ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2021 June 30, 2020 Consolidated Balance Sheet ​ ​ Operating leases right of use asset ​ $ 2,507 ​ $ 1,965 Operating leases liability ​ $ 2,507 ​ $ 1,965 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended March 31, ​ Nine Months Ended March 31, ​ ​ 2021 ​ 2020 ​ 2021 ​ 2020 Consolidated Statement of Income ​ ​ ​ ​ ​ ​ ​ ​ Operating lease costs classified as occupancy and equipment expense ​ $ 107 ​ $ 45 ​ $ 242 ​ $ 153 (includes short-term lease costs) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Supplemental disclosures of cash flow information ​ ​ ​ ​ ​ ​ ​ ​ Cash paid for amounts included in the measurement of lease liabilities: ​ ​ ​ ​ ​ ​ ​ ​ Operating cash flows from operating leases ​ $ 80 ​ $ 39 ​ $ 205 ​ $ 116 ROU assets obtained in exchange for operating lease obligations: ​ $ 599 ​ $ — ​ $ 599 ​ $ 2,004 ​ At March 31, 2021, future expected lease payments for leases with terms exceeding one year were as follows: ​ ​ ​ ​ ​ (dollars in thousands) ​ 2021 ​ $ 76 2022 ​ 279 2023 ​ 279 2024 ​ 279 2025 ​ 279 Thereafter ​ 3,126 Future lease payments expected ​ $ 4,318 ​ The Company leases facilities it owns or portions of facilities it owns to other third parties. The Company has determined that all of these lease agreements, in terms of being the lessor, are classified as operating leases. For the three- and nine- month periods ended March 31, 2021, income recognized from these lessor agreements was $82,000 and $238,000, , respectively. Income from lessor agreements was included in net occupancy and equipment expense

Deposits

Deposits	9 Months Ended
	Mar. 31, 2021
Deposits
Deposits	Note 6: Deposits Deposits are summarized as follows: ​ ​ ​ ​ ​ ​ ​ ​ (dollars in thousands) March 31, 2021 June 30, 2020 Non-interest bearing accounts ​ $ 387,416 ​ $ 316,048 NOW accounts ​ 926,488 ​ 781,937 Money market deposit accounts ​ 241,933 ​ 231,162 Savings accounts ​ 220,025 ​ 181,229 Certificates ​ 592,899 ​ 674,471 Total Deposit Accounts ​ $ 2,368,761 ​ $ 2,184,847 ​

Earnings Per Share

Earnings Per Share	9 Months Ended
	Mar. 31, 2021
Earnings Per Share
Earnings Per Share	Note 7: Earnings Per Share The following table sets forth the computation of basic and diluted earnings per share: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ended Nine months ended ​ ​ March 31, March 31, ​ 2021 2020 2021 2020 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (dollars in thousands except per share data) ​ ​ ​ ​ ​ ​ ​ ​ Net income ​ $ 11,458 ​ $ 5,099 ​ $ 33,491 ​ $ 20,644 Less: distributed earnings allocated to participating securities ​ (5) ​ — ​ (13) ​ — Less: undistributed earnings allocated to participating securities ​ (35) ​ — ​ (91) ​ — Net income available to common shareholders ​ $ 11,418 ​ $ 5,099 ​ $ 33,387 ​ $ 20,644 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted-average common shares outstanding, including participating securities ​ 9,004,034 ​ 9,197,370 ​ 9,073,545 ​ 9,210,559 Less: weighted-average participating securities outstanding (restricted shares) ​ (31,845) ​ — ​ (28,172) ​ — Weighted-average basic common shares outstanding ​ 8,972,189 ​ 9,197,370 ​ 9,045,373 ​ 9,210,559 Add: effect of dilutive securities, stock options, and awards ​ 4,026 ​ 7,422 ​ 2,579 ​ 10,848 Denominator for diluted earnings per share ​ ​ 8,976,215 ​ ​ 9,204,792 ​ ​ 9,047,952 ​ ​ 9,221,407 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Basic earnings per share available to common stockholders ​ $ 1.27 ​ $ 0.55 ​ $ 3.69 ​ $ 2.24 Diluted earnings per share available to common stockholders ​ $ 1.27 ​ $ 0.55 ​ $ 3.69 ​ $ 2.24 ​ Certain option and restricted stock awards were excluded from the computation of diluted earnings per share because they were anti-dilutive, based on the average market prices of the Company’s common stock for these periods. Outstanding options and shares of restricted stock totaling 86,900 and 110,845 were excluded from the computation of diluted earnings per share for the three- and nine-month periods, respectively, ended March 31, 2021, as compared to outstanding options and shares of restricted stock totaling 50,500 and 33,000 for the three and nine-month periods, respectively, ended March 31, 2020.

Income Taxes

Income Taxes	9 Months Ended
	Mar. 31, 2021
Income Taxes
Income Taxes	Note 8: Income Taxes The Company and its subsidiaries file income tax returns in the U.S. Federal jurisdiction and various states. The Company is no longer subject to federal and state examinations by tax authorities for tax years ending June 30, 2015 and before. The Company recognized no interest or penalties related to income taxes for the periods presented. The Company’s income tax provision is comprised of the following components: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the three-month periods ended For the nine-month periods ended (dollars in thousands) ​ March 31, 2021 ​ March 31, 2020 ​ March 31, 2021 ​ March 31, 2020 Income taxes ​ ​ ​ ​ ​ Current ​ $ 3,552 ​ $ 1,116 ​ $ 11,441 ​ $ 5,007 Deferred ​ (456) ​ 13 ​ (2,445) ​ 19 Total income tax provision ​ $ 3,096 ​ $ 1,129 ​ $ 8,996 ​ $ 5,026 ​ The components of net deferred tax assets (included in other assets on the condensed consolidated balance sheet) are summarized as follows: ​ ​ ​ ​ ​ ​ ​ ​ (dollars in thousands) March 31, 2021 June 30, 2020 Deferred tax assets: ​ ​ Provision for losses on loans ​ $ 8,185 ​ $ 5,802 Accrued compensation and benefits ​ 722 ​ 825 NOL carry forwards acquired ​ 155 ​ 149 Minimum Tax Credit ​ — ​ 130 Unrealized loss on other real estate ​ 180 ​ 257 Other ​ 312 ​ 26 Total deferred tax assets ​ 9,554 ​ 7,189 ​ ​ ​ ​ ​ ​ ​ Deferred tax liabilities: ​ ​ ​ ​ Purchase accounting adjustments ​ 191 ​ 64 Depreciation ​ 1,494 ​ 1,665 FHLB stock dividends ​ 120 ​ 120 Prepaid expenses ​ 326 ​ 259 Unrealized gain on available for sale securities ​ 686 ​ 1,265 Other ​ — ​ 104 Total deferred tax liabilities ​ 2,817 ​ 3,477 ​ ​ ​ ​ ​ ​ ​ Net deferred tax assets ​ $ 6,737 ​ $ 3,712 ​ As of March 31, 2021, the Company had approximately $706,000 and $0 in federal and state net operating loss carryforwards, respectively, which were acquired in the July 2009 acquisition of Southern Bank of Commerce, the February 2014 acquisition of Citizens State Bankshares of Bald Knob, Inc., and the April 2020 acquisition of Central Federal Savings and Loan. The amount reported is net of the IRC Sec. 382 limitation, or state equivalent, related to utilization of net operating loss carryforwards of acquired corporations. Unless otherwise utilized, the net operating losses will begin to expire in 2027. A reconciliation of income tax expense at the statutory rate to the Company’s actual income tax expense is shown below: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the three-month periods ended For the nine-month periods ended (dollars in thousands) ​ March 31, 2021 ​ March 31, 2020 ​ March 31, 2021 ​ March 31, 2020 Tax at statutory rate ​ $ 3,056 ​ $ 1,308 ​ $ 8,922 ​ $ 5,391 Increase (reduction) in taxes resulting from: ​ ​ ​ ​ ​ ​ ​ ​ Nontaxable municipal income ​ (117) ​ (109) ​ (327) ​ (335) State tax, net of Federal benefit ​ 215 ​ 27 ​ 717 ​ 223 Cash surrender value of Bank-owned life insurance ​ (57) ​ (52) ​ (320) ​ (159) Tax credit benefits ​ (2) ​ (21) ​ (11) ​ (27) Other, net ​ 1 ​ (24) ​ 15 ​ (67) Actual provision ​ $ 3,096 ​ $ 1,129 ​ $ 8,996 ​ $ 5,026 ​ For the three- and nine- month periods ended March 31, 2021 and 2020, income tax expense at the statutory rate was calculated using a 21% annual effective tax rate (AETR). Tax credit benefits are recognized under the deferral method of accounting for investments in tax credits.

401(k) Retirement Plan

401(k) Retirement Plan	9 Months Ended
	Mar. 31, 2021
401(k) Retirement Plan
401(k) Retirement Plan	Note 9: 401(k) Retirement Plan The Bank has a 401(k) retirement plan that covers substantially all eligible employees. The Bank made a “safe harbor” matching contribution to the Plan of up to 4% of eligible compensation, depending upon the percentage of eligible pay deferred into the plan by the employee, and also made additional, discretionary profit-sharing contributions for fiscal 2020. For fiscal 2021, the Company has maintained the safe harbor matching contribution of up to 4 %, and expects to continue to make additional, discretionary profit-sharing contributions. During the three- and nine- month periods ended March 31, 2021, retirement plan expenses recognized for the Plan totaled approximately $416,000 and$1.3 million, respectively, as compared to $391,000 and $1.1 million, respectively, for the same period of the prior fiscal year. Employee deferrals and safe harbor contributions are fully vested. Profit-sharing or other contributions vest over a period of five years .

Subordinated Debt

Subordinated Debt	9 Months Ended
	Mar. 31, 2021
Subordinated Debt
Subordinated Debt	Note 10: Subordinated Debt In March 2004, the Company established Southern Missouri Statutory Trust I as a statutory business trust, to issue Floating Rate Capital Securities (the “Trust Preferred Securities”). The securities mature in 2034, became redeemable after five years , and bear interest at a floating rate based on LIBOR. The securities represent undivided beneficial interests in the trust, which was established by the Company for the purpose of issuing the securities. The Trust Preferred Securities were sold in a private transaction exempt from registration under the Securities Act of 1933, as amended (the “Act”) and have not been registered under the Act. The securities may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. Southern Missouri Statutory Trust I used the proceeds from the sale of the Trust Preferred Securities to purchase Junior Subordinated Debentures (the “Debentures”) of the Company which have terms identical to the Trust Preferred Securities. At March 31, 2021, the Debentures carried an interest rate of 2.93%. The balance of the Debentures outstanding was $7.2 million at March 31, 2021 and June 30, 2020. The Company used its net proceeds for working capital and investment in its subsidiaries. In connection with its October 2013 acquisition of Ozarks Legacy Community Financial, Inc. (OLCF), the Company assumed $3.1 million in floating rate junior subordinated debt securities. The debt securities had been issued in June 2005 by OLCF in connection with the sale of trust preferred securities, bear interest at a floating rate based on LIBOR, are now redeemable at par, and mature in 2035. At March 31, 2021, the current rate was 2.63%. The carrying value of the debt securities was approximately $2.7 million at March 31, 2021 and June 30, 2020. In connection with its August 2014 acquisition of Peoples Service Company, Inc. (PSC), the Company assumed $6.5 million in floating rate junior subordinated debt securities. The debt securities had been issued in 2005 by PSC’s subsidiary bank holding company, Peoples Banking Company, in connection with the sale of trust preferred securities, bear interest at a floating rate based on LIBOR, are now redeemable at par, and mature in 2035. At March 31, 2021, the current rate was 1.98 %. The carrying value of the debt securities was approximately $5.3 million at March 31, 2021 and June 30, 2020. The Company’s investment at a face amount of $505,000 in these trusts is included with Prepaid Expenses and Other Assets in the consolidated balance sheets, and is carried at a value of $457,000 at March 31, 2021.

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Mar. 31, 2021
Fair Value Measurements
Fair Value Measurements	Note 11: Fair Value Measurements ASC Topic 820, Fair Value Measurements Level 1 Level 2 Level 3 Recurring Measurements. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value Measurements at March 31, 2021, Using: ​ ​ ​ ​ ​ Quoted Prices in ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Active Markets for ​ Significant Other ​ Significant ​ ​ ​ ​ ​ Identical Assets ​ Observable Inputs ​ Unobservable Inputs (dollars in thousands) Fair Value (Level 1) (Level 2) (Level 3) State and political subdivisions ​ $ 43,292 ​ $ — ​ $ 43,292 ​ $ — Other securities ​ 20,837 ​ — ​ 20,837 ​ — Mortgage-backed GSE residential ​ 126,280 ​ — ​ 126,280 ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value Measurements at June 30, 2020, Using: ​ ​ ​ ​ ​ Quoted Prices in ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Active Markets for ​ Significant Other ​ Significant ​ ​ ​ ​ ​ Identical Assets ​ Observable Inputs ​ Unobservable Inputs (dollars in thousands) Fair Value (Level 1) (Level 2) (Level 3) State and political subdivisions ​ $ 41,988 ​ $ — ​ $ 41,988 ​ $ — Other securities ​ 7,624 ​ — ​ 7,624 ​ — Mortgage-backed GSE residential ​ 126,912 ​ — ​ 126,912 ​ — ​ Following is a description of the valuation methodologies and inputs used for assets measured at fair value on a recurring basis and recognized in the accompanying consolidated balance sheets, as well as the general classification of such assets pursuant to the valuation hierarchy. Available-for-sale Securities. Nonrecurring Measurements. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value Measurements at March 31, 2021, Using: ​ ​ ​ ​ ​ Quoted Prices in ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Active Markets for ​ Significant Other ​ Significant ​ ​ ​ ​ ​ Identical Assets ​ Observable Inputs ​ Unobservable Inputs (dollars in thousands) Fair Value (Level 1) (Level 2) (Level 3) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Foreclosed and repossessed assets held for sale ​ $ 689 ​ $ — ​ $ — ​ $ 689 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value Measurements at June 30, 2020, Using: ​ ​ ​ ​ ​ Quoted Prices in ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Active Markets for ​ Significant Other ​ Significant ​ ​ ​ ​ ​ Identical Assets ​ Observable Inputs ​ Unobservable Inputs (dollars in thousands) Fair Value (Level 1) (Level 2) (Level 3) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Foreclosed and repossessed assets held for sale ​ $ 2,211 ​ $ — ​ $ — ​ $ 2,211 ​ The following table presents losses recognized on assets measured on a non-recurring basis for the three-month periods ended March 31, 2021 and 2020: ​ ​ ​ ​ ​ ​ ​ ​ ​ For the three months ended (dollars in thousands) ​ March 31, 2021 ​ March 31, 2020 Foreclosed and repossessed assets held for sale ​ $ (49) ​ $ (96) Total losses on assets measured on a non-recurring basis ​ $ (49) ​ $ (96) ​ The following is a description of valuation methodologies and inputs used for assets measured at fair value on a nonrecurring basis and recognized in the accompanying consolidated balance sheets, as well as the general classification of such assets and liabilities pursuant to the valuation hierarchy. For assets classified within Level 3 of fair value hierarchy, the process used to develop the reported fair value process is described below. Foreclosed and Repossessed Assets Held for Sale. Unobservable (Level 3) Inputs. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Range ​ ​ ​ Fair value at ​ Valuation ​ Unobservable ​ of ​ Weighted-average (dollars in thousands) ​ March 31, 2021 ​ technique ​ inputs ​ inputs applied ​ inputs applied Nonrecurring Measurements ​ ​ Foreclosed and repossessed assets ​ $ 689 Third party appraisal Marketability discount 0.0% - 64.1 % 26.7 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Range ​ ​ ​ Fair value at ​ Valuation ​ Unobservable ​ of ​ Weighted-average (dollars in thousands) ​ June 30, 2020 ​ technique ​ inputs ​ inputs applied ​ inputs applied Nonrecurring Measurements ​ ​ Foreclosed and repossessed assets ​ $ 2,211 Third party appraisal Marketability discount 8.0% - 56.9 % 15.7 % ​ Fair Value of Financial Instruments. 30, 2020. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2021 ​ ​ ​ ​ ​ Quoted Prices ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ in Active ​ ​ ​ ​ Significant ​ ​ ​ ​ ​ Markets for ​ Significant Other ​ Unobservable ​ ​ Carrying ​ Identical Assets ​ Observable Inputs ​ Inputs (dollars in thousands) Amount (Level 1) (Level 2) (Level 3) Financial assets ​ ​ ​ ​ Cash and cash equivalents ​ $ 236,896 ​ $ 236,896 ​ $ — ​ $ — Interest-bearing time deposits ​ 977 ​ — ​ 977 ​ — Stock in FHLB ​ 6,163 ​ — ​ 6,163 ​ — Stock in Federal Reserve Bank of St. Louis ​ 5,018 ​ — ​ 5,018 ​ — Loans receivable, net ​ 2,134,885 ​ — ​ — ​ 2,156,852 Accrued interest receivable ​ 10,030 ​ — ​ 10,030 ​ — Financial liabilities ​ ​ ​ ​ ​ Deposits ​ 2,368,761 ​ 1,775,862 ​ — ​ 595,978 Advances from FHLB ​ 62,781 ​ — ​ 64,088 ​ — Accrued interest payable ​ 918 ​ — ​ 918 ​ — Subordinated debt ​ 15,218 ​ — ​ — ​ 15,016 Unrecognized financial instruments (net of contract amount) ​ ​ ​ ​ ​ ​ ​ ​ Commitments to originate loans ​ — ​ — ​ — ​ — Letters of credit ​ — ​ — ​ — ​ — Lines of credit ​ — ​ — ​ — ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2020 ​ ​ ​ ​ ​ Quoted Prices ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ in Active ​ ​ ​ ​ Significant ​ ​ ​ ​ ​ Markets for ​ Significant Other ​ Unobservable ​ ​ Carrying ​ Identical Assets ​ Observable Inputs ​ Inputs (dollars in thousands) Amount (Level 1) (Level 2) (Level 3) Financial assets ​ ​ ​ ​ Cash and cash equivalents ​ $ 54,245 ​ $ 54,245 ​ $ — ​ $ — Interest-bearing time deposits ​ 974 ​ — ​ 974 ​ — Stock in FHLB ​ 6,390 ​ — ​ 6,390 ​ — Stock in Federal Reserve Bank of St. Louis ​ 4,363 ​ — ​ 4,363 ​ — Loans receivable, net ​ 2,141,929 ​ — ​ — ​ 2,143,823 Accrued interest receivable ​ 12,116 ​ — ​ 12,116 ​ — Financial liabilities ​ ​ ​ ​ Deposits ​ 2,184,847 ​ 1,508,740 ​ — ​ 676,816 Advances from FHLB ​ 70,024 ​ — ​ 72,136 ​ — Accrued interest payable ​ 1,646 ​ — ​ 1,646 ​ — Subordinated debt ​ 15,142 ​ — ​ — ​ 11,511 Unrecognized financial instruments (net of contract amount) ​ ​ ​ ​ ​ ​ ​ Commitments to originate loans ​ — ​ — ​ — ​ — Letters of credit ​ — ​ — ​ — ​ — Lines of credit ​ — ​ — ​ — ​ — ​

Organization and Summary of S_2

Organization and Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Mar. 31, 2021
Organization and Summary of Significant Accounting Policies
Organization and Basis of Financial Statement Presentation	Organization. The Bank is primarily engaged in providing a full range of banking and financial services to individuals and corporate customers in its market areas. The Bank and Company are subject to competition from other financial institutions. The Bank and Company are subject to the regulation of certain federal and state agencies and undergo periodic examinations by those regulatory authorities. Basis of Financial Statement Presentation.
Principles of Consolidation	Principles of Consolidation. The consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries. All significant intercompany accounts and transactions have been eliminated.
Use of Estimates	Use of Estimates. On July 1, 2020, Financial Instruments – Credit Losses which created material changes to the existing critical accounting policy that existed at June 30, 2020 . Effective July 1, 2020 , the significant accounting policy which was considered to be the most critical in preparing the Company’s consolidated financial statements is the determination of the allowance for credit losses (“ACL”) on loans.
Cash and Cash Equivalents	Cash and Cash Equivalents.
Interest-bearing Time Deposits	Interest-bearing Time Deposits.
Available for Sale Securities	Available for Sale Securities. Premiums and discounts on debt securities are amortized or accreted as adjustments to income over the estimated life of the security using the level yield method. Realized gains or losses on the sale of securities is based on the specific identification method. The fair value of securities is based on quoted market prices or dealer quotes. If a quoted market price is not available, fair value is estimated using quoted market prices for similar securities. The Company does not invest in collateralized mortgage obligations that are considered high risk. For AFS securities with fair value less than amortized cost that management has no intent to sell and believes that it more likely than not will not be required to sell prior to recovery, only the credit loss component of the impairment is recognized in earnings, while the noncredit loss is recognized in accumulated other comprehensive income (loss). The credit loss component recognized in earnings is identified as the amount of principal cash flows not expected to be received over the remaining term of the security as projected based on cash flow projections, and is recorded to the ACL, by a charge to provision for credit losses. Accrued interest receivable is excluded from the estimate of credit losses. Both the ACL and the adjustment to net income may be reversed if conditions change. However, if the Company intends to sell an impaired AFS security, or, if it is more likely than not the Company will be required to sell such a security before recovering its amortized cost basis, the entire impairment amount would be recognized in earnings with a corresponding adjustment to the security’s amortized cost basis. Because the security’s amortized cost basis is adjusted to fair value, there is no ACL in this situation. At adoption of ASU 2016-13, no impairment on AFS securities was attributable to credit. The Company will evaluate impaired AFS securities at the individual level on a quarterly basis, and will consider such factors including, but not limited to: the extent to which the fair value of the security is less than the amortized cost basis; adverse conditions specifically related to the security, an industry, or geographic area; the payment structure of the security and likelihood of the issuer to be able to make payments that may increase in the future; failure of the issuer to make scheduled interest or principal payments; any changes to the rating of the security by a rating agency; and the ability and intent to hold the security until maturity. A qualitative determination as to whether any portion of the impairment is attributable to credit risk is acceptable. There were no credit related factors underlying unrealized losses on AFS securities at March 31, 2021, and June 30, 2020. Changes in the ACL are recorded as expense. Losses are charged against the ACL when management believes the uncollectability of an AFS debt security is confirmed or when either of the criteria regarding intent or requirement to sell is met.
Federal Reserve Bank and Federal Home Loan Bank Stock	Federal Reserve Bank and Federal Home Loan Bank Stock.
Loans	Loans. The ACL is a valuation account that is deducted from the loans’ amortized cost basis to present the net amount expected to be collected on the loans, and is established through provision for credit losses charged to current earnings. The ACL is increased by the provision for losses on loans charged to expense and reduced by loans charged off, net of recoveries. Loans are charged off in the period deemed uncollectible, based on management’s analysis of expected cash flows (for non-collateral dependent loans) or collateral value (for collateral-dependent loans). Subsequent recoveries of loans previously charged off, if any, are credited to the allowance when received. Management estimates the ACL using relevant available information, from internal and external sources, relating to past events, current conditions, and reasonable and supportable forecasts. Adjustments may be made to historical loss information for differences identified in current loan-specific risk characteristics, such as differences in underwriting standards or terms; lending review systems; experience, ability, or depth of lending management and staff; portfolio growth and mix; delinquency levels and trends; as well as for changes in environmental conditions, such as changes in economic activity or employment, agricultural economic conditions, property values, or other relevant factors. The Company generally assesses past events and current conditions based on the trailing eight quarters of activity, and incorporates a reasonable and supportable forecast period of four quarters, with an immediate reversion to historical averages. The ACL is measured on a collective (pool) basis when similar risk characteristics exist. For loans that do not share general risk characteristics with the collectively evaluated pools, the Company estimates credit losses on an individual loan basis, and these loans are excluded from the collectively evaluated pools. An ACL for an individually evaluated loan is recorded when the amortized cost basis of the loan exceeds the discounted estimated cash flows using the loan’s initial effective interest rate or the fair value, less estimated costs to sell, of the collateral for certain collateral dependent loans. For the collectively evaluated pools, the Company segments the loan portfolio primarily by loan purpose and collateral into 23 pools, which are homogeneous groups of loans that possess similar loss potential characteristics. The Company utilizes the discounted cash flow (“DCF”) methodology for measurement of the required ACL for all loan pools. The DCF model implements probability of default (“PD”) and loss given default (“LGD”) calculations at the instrument level. PD and LGD are determined from the Company’s historical experience over a period of approximately five years. The Company defines a default as an event of charge off, an adverse (substandard or worse) internal credit rating, becoming delinquent 90 days or more, or being placed on nonaccrual status. A PD/LGD estimate is applied to a projected model of the loan’s cashflow, including principal and interest payments, with consideration for prepayment speeds, principal curtailments, and recovery lag. Prepayments, curtailments, and recovery lag have been determined to not have a material impact on estimated credit losses, historically. Prior to the July 1, 2020, adoption of ASU 2016-13, the allowance for loan and lease losses (ALLL) represented management’s best estimate of probable losses in the existing loan portfolio at the end of the reporting period. Integral to the methodology for determining the adequacy of the ALLL was portfolio segmentation and impairment measurement. Under the Company’s methodology, loans were first segmented into 1) those comprising large groups of homogeneous loans which are collectively evaluated for impairment and 2) all other loans which are individually evaluated. Those loans in the second category were further segmented utilizing a defined grading system which involves categorizing loans by severity of risk based on conditions that may affect the ability of the borrowers to repay their debt, such as current financial information, collateral valuations, historical payment experience, credit documentation, public information, and current trends. Loans were considered impaired if, based on current information and events, it was considered probable that the Company would be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the loan agreement, and was generally based on the fair value, less estimated costs to sell, of the loan’s collateral. If the loan was not collateral-dependent, the measurement of impairment was based on the present value of expected future cash flows discounted at the historical effective interest rate, or the observable market price of the loan. Impairment identified through this evaluation process was a component of the ALLL. If a loan was not considered impaired, it was grouped together with loans having similar characteristics (i.e., the same risk grade), and an ALLL was based upon a quantitative factor (historical average charge-offs) and qualitative factors such as changes in lending policies; national, regional, and local economic conditions; changes in mix and volume of portfolio; experience, ability, and depth of lending management and staff; entry to new markets; levels and trends of delinquent, nonaccrual, special mention, and classified loans; concentrations of credit; changes in collateral values; agricultural economic conditions; and regulatory risk. Prior to the July 1, 2020, adoption of ASU 2016-13, loans acquired in an acquisition that had evidence of credit quality deterioration since origination and for which it was probable that the Company would be unable to collect all contractually required payments receivable were considered purchased credit impaired (“PCI”). PCI loans were individually evaluated and recorded at fair value at the date of acquisition with no initial ALLL based on a DCF methodology that considered various factors including the type of loan and related collateral, classification status, fixed or variable interest rate, term of loan and whether or not the loan was amortizing, and a discount rate reflecting the Company’s assessment of risk inherent in the cash flow estimates. The difference between the DCFs expected at acquisition and the investment in the loan, or the “accretable yield,” was recognized as interest income on a level-yield method over the life of the loan. Contractually required payments for interest and principal that exceed the DCFs expected at acquisition, or the “non-accretable difference,” were not recognized on the balance sheet and did not result in any yield adjustments, loss accruals or valuation allowances. Increases in expected cash flows, including prepayments, subsequent to the initial investment were recognized prospectively through adjustment of the yield on the loan over its remaining life. Decreases in expected cash flows were recognized as impairment. ALLL on PCI loans reflected only losses incurred after the acquisition (meaning the present value of all cash flows expected at acquisition that ultimately were not to be received). Subsequent to the July 1, 2020, adoption of ASU 2016-13, loans acquired in a business combination that have experienced more-than-insignificant deterioration in credit quality since origination are considered purchased credit deteriorated (“PCD”) loans. At the acquisition date, an estimate of expected credit losses is made for groups of PCD loans with similar risk characteristics and individual PCD loans without similar risk characteristics. This initial ACL is allocated to individual PCD loans and added to the purchase price or acquisition date fair values to establish the initial amortized cost basis of the PCD loans. As the initial ACL is added to the purchase price, there is no credit loss expense recognized upon acquisition of a PCD loan. Any difference between the unpaid principal balance of PCD loans and the amortized cost basis is considered to relate to non-credit factors and results in a discount or premium. Discounts and premiums are recognized through interest income on a level-yield method over the life of the loans. Upon adoption of ASU 2016-13, the amortized cost basis of the PCD assets were adjusted to reflect the addition of $434,000 to the ACL. The remaining noncredit discount, based on the adjusted amortized cost basis, will be accreted into interest income at the effective interest rate as of July 1, 2020. Loan fees and certain direct loan origination costs are deferred, and the net fee or cost is recognized as an adjustment to interest income using the interest method over the contractual life of the loans.
Off-Balance Sheet Credit Exposures	Off-Balance Sheet Credit Exposures. Off-balance sheet credit instruments include commitments to make loans, and commercial letters of credit, issued to meet customer financing needs. The Company’s exposure to credit loss in the event of non-performance by the other party to the financial instrument for off-balance sheet loan commitments is represented by the contractual amount of those instruments. Such financial instruments are recorded when they are funded. The ACL on off-balance sheet credit exposures is estimated by loan pool on a quarterly basis under the current CECL model using the same methodologies as portfolio loans, taking into consideration the likelihood that funding will occur and is included in other liabilities on the Company’s consolidated balance sheets. The Company records an ACL on off-balance sheet credit exposures, unless the commitments to extend credit are unconditionally cancelable. In prior periods the charge for credit loss expense for off-balance sheet credit exposures was included in other non-interest expense in the Company’s consolidated statements of income, whereas under updated regulatory accounting guidelines, that figure is combined with the provision for credit losses beginning July 1, 2020 .
Foreclosed Real Estate	Foreclosed Real Estate. Valuations are periodically performed by management, and an allowance for losses is established by a charge to operations if the carrying value of a property exceeds its estimated fair value, less estimated selling costs. Loans to facilitate the sale of real estate acquired in foreclosure are discounted if made at less than market rates. Discounts are amortized over the fixed interest period of each loan using the interest method.
Premises and Equipment	Premises and Equipment. Depreciation is computed by use of straight-line and accelerated methods over the estimated useful lives of the assets. Estimated lives are generally seven three
Bank Owned Life Insurance	Bank Owned Life Insurance.
Goodwill	Goodwill.
Intangible Assets	Intangible Assets. five 2022 2024
Income Taxes	Income Taxes. Deferred income tax expense results from changes in deferred tax assets and liabilities between periods. Deferred tax assets are recognized if it is more likely than not, based on the technical merits, that the tax position will be realized or sustained upon examination. The term more likely than not means a likelihood of more than 50 percent; the terms examined and upon examination also include resolution of the related appeals or litigation processes, if any. A tax position that meets the more-likely-than-not recognition threshold is initially and subsequently measured as the largest amount of tax benefit that has a greater than 50 percent likelihood of being realized upon settlement with a taxing authority that has full knowledge of all relevant information. The determination of whether or not a tax position has met the more-likely-than-not recognition threshold considers the facts, circumstances, and information available at the reporting date and is subject to management’s judgment. Deferred tax assets are reduced by a valuation allowance if, based on the weight of evidence available, it is more likely than not that some portion or all of a deferred tax asset will not be realized. The Company recognizes interest and penalties on income taxes as a component of income tax expense. The Company files consolidated income tax returns with its subsidiaries, the Bank and SB Real Estate Investments, LLC, with a tax year ended June 30. Southern Bank Real Estate Investments, LLC files a separate REIT return for federal tax purposes, and also files state income tax returns with a tax year ended December 31.
Incentive Plans	Incentive Plans.
Outside Directors' Retirement	Outside Directors’ Retirement. five year In the event that the participant dies before collecting any or all of the benefits, the Bank shall pay the participant’s beneficiary. No benefits shall be payable to anyone other than the beneficiary, and shall terminate on the death of the beneficiary.
Stock Options	Stock Options.
Earnings Per Share	Earnings Per Share.
Comprehensive Income	Comprehensive Income.
Transfers Between Fair Value Hierarchy Levels	Transfers Between Fair Value Hierarchy Levels.
New Accounting Pronouncements	New Accounting Pronouncements: In August 2018, the FASB issued ASU 2018-13, Fair Value Measurement (Topic 820) - Disclosure Framework-Changes to the Disclosure Requirements for Fair Value Measurement. ASU 2018-13 modifies the disclosure requirements on fair value measurements in Topic 820. The amendments in this update remove disclosures that no longer are considered cost beneficial, modify/clarify the specific requirements of certain disclosures, and add disclosure requirements identified as relevant. ASU 2018-13 is effective for fiscal years beginning after December 15, 2019, with early adoption permitted for certain removed and modified disclosures. Adoption of this standard did not have a significant impact on the Company’s consolidated financial statements. In June 2016, the FASB issued ASU 2016-13, Financial Instruments – Credit Losses (Topic 326), which the Company adopted July 1, 2020. The Update amended guidance on reporting credit losses for financial assets held at amortized cost basis and available for sale debt securities. For financial assets held at amortized cost basis, Topic 326 eliminated the probable initial recognition threshold in current GAAP and, instead, requires an entity to reflect its current estimate of all expected credit losses. The Update affects loans, debt securities, trade receivables, net investments in leases, off balance sheet credit exposures, and any other financial assets not excluded from the scope that have the contractual right to receive cash. Adoption was applied on a modified retrospective basis, through a cumulative-effect adjustment to retained earnings. Adoption resulted in an increase to the ACL of $8.9 million, related to the transition from the incurred loss model to the CECL ACL model, and an increase of $434,000 related to the transition from PCI to PCD methodology, relative to the ALLL as of June 30, 2020. The Company also recorded an adjustment to the reserve for unfunded commitments recorded in other liabilities of $268,000. The impact at adoption was reflected as an adjustment to beginning retained earnings, net of income taxes, in the amount of $7.2 million. In accordance with the new standard, management did not reassess whether PCI assets met the criteria of PCD assets as of the date of adoption. The adoption of ASU 2016-13 in fiscal 2021 could also impact the Company’s future earnings, perhaps materially. ​ The following table illustrates the impact of adoption of ASU 2016-13: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ July 1, 2020 ​ As reported As reported Impact of ​ under prior to adoption (dollars in thousands) ASU 2016-13 ASU 2016-13 ASU 2016-13 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans receivable ​ $ 2,142,363 ​ $ 2,141,929 ​ $ 434 Allowance for credit losses on loans: ​ ​ ​ ​ ​ ​ ​ ​ ​ Real Estate Loans: ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential ​ 8,396 ​ 4,875 ​ 3,521 Construction ​ 1,889 ​ 2,010 ​ (121) Commercial ​ 15,988 ​ 12,132 ​ 3,856 Consumer loans ​ 2,247 ​ 1,182 ​ 1,065 Commercial loans ​ 5,952 ​ 4,940 ​ 1,012 Total allowance for credit losses on loans ​ $ 34,472 ​ $ 25,139 ​ $ 9,333 Total allowance for credit losses on off-balance sheet credit exposures ​ $ 2,227 ​ $ 1,959 ​ $ 268 ​ The above table includes the impact of ASU 2016-13 adoption for PCD assets previously classified as PCI. The change in the ACL includes $434,000 attributable to residential and commercial real estate loans, and the amortized cost basis of loans receivable was increased for those loans by that total amount. In March 2020, the CARES Act was signed into law, creating a forbearance program for federally backed mortgage loans, protects borrowers from negative credit reporting due to loan accommodations related to the National Emergency, and provides financial institutions the option to temporarily suspend certain requirements under U.S. GAAP related to troubled debt restructurings (TDR) for a limited period of time to account for the effects of COVID-19. The Company has elected to not apply ASC Subtopic 310-40 for loans eligible under the CARES Act, based on the modification’s (1) relation to COVID-19, (2) execution for a loan that was not more than 30-days past due as of December 31, 2019, and (3) execution between March 1, 2020, and the earlier of the date that falls 60 days following the termination of the declared National Emergency, or December 31, 2020. The 2021 Consolidated Appropriations Act, signed into law in December 2020, extended the window during which loans may be modified without classification as TDRs under ASC Subtopic 310-40, to the earlier of January 1, 2022, or 60 days following the termination of the declared National Emergency.
Reclassifications	Reclassifications. Certain reclassifications have been made to the three- and nine- month periods ended March 31, 2020 consolidated financial statements to conform to the three- and nine- month periods ended March 31, 2021 consolidated financial statement presentation. These reclassifications had no effect on net earnings or stockholders’ equity.
Revisions	Revisions. Certain immaterial revisions have been made to the three- and nine- month periods ended March 31, 2020 consolidated financial statements for reporting interchange income and expenses related to an agent relationship. These revisions did not have a significant impact on the consolidated financials statement line items impacted.
Repurchase Agreements, Collateral	The carrying value of investment and mortgage-backed securities pledged as collateral to secure public deposits amounted to $162.5 million at March 31, 2021 and $156.1 million at June 30, 2020. The securities pledged consist of marketable securities, including $120.5 million and $123.9 million of Mortgage-backed Securities, $42.0 million and $32.0 million of State and Political Subdivisions Obligations, and $0 and $200,000 of Other Securities at March 31, 2021 and June 30, 2020, respectively.
Other Securities	Other securities. At March 31, 2021 there were two pooled trust preferred securities with an estimated fair value of $735,000 and unrealized losses of $241,000 in a continuous unrealized loss position for twelve months or more. These unrealized losses were primarily due to the long-term nature of the pooled trust preferred securities and a reduced demand for these securities, and concerns regarding the financial institutions that issued the underlying trust preferred securities. The March 31, 2021, cash flow analysis for these two securities indicated it is probable the Company will receive all contracted principal and related interest projected. The cash flow analysis used in making this determination was based on anticipated default, recovery, and prepayment rates, and the resulting cash flows were discounted based on the yield spread anticipated at the time the securities were purchased. Other inputs include the actual collateral attributes, which include credit ratings and other performance indicators of the underlying financial institutions, including profitability, capital ratios, and asset quality. Assumptions for these two securities included prepayments averaging 1.8 percent, annually, annual defaults averaging 220 basis points over the next two years, and 68 basis points thereafter, and a recovery rate averaging seven percent of gross defaults, lagged two years . One of these two securities has continued to receive cash interest payments in full since the Company’s purchase; the other security received principal-in-kind (PIK), in lieu of cash interest, for a period of time following the recession and financial crisis which began in 2008, but resumed cash interest payments during fiscal 2014. The Company's cash flow analysis indicates that cash interest payments are expected to continue for both securities. Because the Company does not intend to sell these securities and it is likely that the Company will not be required to sell these securities prior to recovery of their amortized cost basis, which may be maturity, the Company has not recorded an ACL on these securities. The Company does not believe any other individual unrealized loss as of March 31, 2021, is the result of a credit loss. However, the Company could be required to recognize an ACL in future periods with respect to its available for sale investment securities portfolio.
Credit Losses Recognized on Investments	Credit losses recognized on investments.

Organization and Summary of S_3

Organization and Summary of Significant Accounting Policies (Tables)	9 Months Ended
	Mar. 31, 2021
Organization and Summary of Significant Accounting Policies
Schedule of Adoption of ASU 2016-13	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ July 1, 2020 ​ As reported As reported Impact of ​ under prior to adoption (dollars in thousands) ASU 2016-13 ASU 2016-13 ASU 2016-13 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans receivable ​ $ 2,142,363 ​ $ 2,141,929 ​ $ 434 Allowance for credit losses on loans: ​ ​ ​ ​ ​ ​ ​ ​ ​ Real Estate Loans: ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential ​ 8,396 ​ 4,875 ​ 3,521 Construction ​ 1,889 ​ 2,010 ​ (121) Commercial ​ 15,988 ​ 12,132 ​ 3,856 Consumer loans ​ 2,247 ​ 1,182 ​ 1,065 Commercial loans ​ 5,952 ​ 4,940 ​ 1,012 Total allowance for credit losses on loans ​ $ 34,472 ​ $ 25,139 ​ $ 9,333 Total allowance for credit losses on off-balance sheet credit exposures ​ $ 2,227 ​ $ 1,959 ​ $ 268

Securities (Tables)

Securities (Tables)	9 Months Ended
	Mar. 31, 2021
Securities
Schedule of Available for Sale Securities	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2021 ​ ​ ​ Gross Gross Allowance ​ Estimated ​ Amortized Unrealized Unrealized for Fair (dollars in thousands) Cost Gains Losses Credit Losses Value ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Investment and mortgage backed securities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ State and political subdivisions ​ $ 42,065 ​ $ 1,332 ​ $ (105) ​ $ — ​ $ 43,292 Other securities ​ 21,000 ​ 235 ​ (398) ​ — ​ 20,837 Mortgage-backed GSE residential ​ 124,227 ​ 3,188 ​ (1,135) ​ — ​ 126,280 Total investments and mortgage-backed securities ​ $ 187,292 ​ $ 4,755 ​ $ (1,638) ​ $ — ​ $ 190,409 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2020 ​ ​ ​ Gross Gross ​ Estimated ​ Amortized Unrealized Unrealized Fair (dollars in thousands) Cost Gains Losses Value ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Investment and mortgage backed securities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ State and political subdivisions ​ $ 40,486 ​ $ 1,502 ​ $ — ​ $ 41,988 Other securities ​ 7,919 ​ 48 ​ (343) ​ 7,624 Mortgage-backed GSE residential ​ 122,375 ​ 4,576 ​ (39) ​ 126,912 Total investment and mortgage-backed securities ​ $ 170,780 ​ $ 6,126 ​ $ (382) ​ $ 176,524
Investments Classified by Contractual Maturity Date	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2021 ​ Amortized Estimated (dollars in thousands) Cost Fair Value Within one year ​ $ 2,003 ​ $ 2,025 After one year but less than five years ​ 8,450 ​ 8,610 After five years but less than ten years ​ 29,173 ​ 29,669 After ten years ​ 23,439 ​ 23,825 Total investment securities ​ 63,065 ​ 64,129 Mortgage-backed securities ​ 124,227 ​ 126,280 Total investment and mortgage-backed securities ​ $ 187,292 ​ $ 190,409
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2021 ​ Less than 12 months 12 months or more Total ​ ​ ​ ​ Unrealized ​ ​ ​ Unrealized ​ ​ ​ Unrealized (dollars in thousands) Fair Value Losses Fair Value Losses Fair Value Losses ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Obligations of state and political subdivisions ​ $ 7,175 ​ $ 105 ​ $ — ​ $ — ​ $ 7,175 ​ $ 105 Other securities ​ ​ 10,723 ​ ​ 157 ​ ​ 735 ​ ​ 241 ​ ​ 11,458 ​ ​ 398 Mortgage-backed securities ​ 45,723 ​ 1,135 ​ — ​ — ​ 45,723 ​ 1,135 Total investment and mortgage-backed securities ​ $ 63,621 ​ $ 1,397 ​ $ 735 ​ $ 241 ​ $ 64,356 ​ $ 1,638 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2020 ​ Less than 12 months 12 months or more Total ​ ​ ​ ​ Unrealized ​ ​ ​ Unrealized ​ ​ ​ Unrealized (dollars in thousands) Fair Value Losses Fair Value Losses Fair Value Losses ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other securities ​ $ 995 ​ $ 5 ​ $ 643 ​ $ 338 ​ $ 1,638 ​ $ 343 Mortgage-backed securities ​ 9,037 ​ 39 ​ — ​ — ​ 9,037 ​ 39 Total investments and mortgage-backed securities ​ $ 10,032 ​ $ 44 ​ $ 643 ​ $ 338 ​ $ 10,675 ​ $ 382

Loans and Allowance for Credi_2

Loans and Allowance for Credit Losses (Tables)	9 Months Ended
	Mar. 31, 2021
Schedule of Accounts, Notes, Loans and Financing Receivable	​ ​ ​ ​ ​ ​ ​ ​ (dollars in thousands) March 31, 2021 June 30, 2020 Real Estate Loans: ​ ​ ​ ​ ​ ​ Residential ​ $ 655,800 ​ $ 627,357 Construction ​ 202,945 ​ 185,924 Commercial ​ 897,450 ​ 887,419 Consumer loans ​ 76,347 ​ 80,767 Commercial loans ​ 421,825 ​ 468,448 ​ ​ 2,254,367 ​ 2,249,915 Loans in process ​ (80,203) ​ (78,452) Deferred loan fees, net ​ (4,052) ​ (4,395) Allowance for credit losses ​ (35,227) ​ (25,139) Total loans ​ $ 2,134,885 ​ $ 2,141,929
Schedule of Balance in the Allowance for Loan Losses and Recorded Investment	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At period end and for the nine months ended March 31, 2021 ​ Residential ​ Construction Commercial ​ ​ ​ ​ ​ ​ ​ ​ (dollars in thousands) Real Estate Real Estate Real Estate Consumer Commercial Total Allowance for credit losses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance, beginning of period prior to adoption of CECL ​ $ 4,875 ​ $ 2,010 ​ $ 12,132 ​ $ 1,182 ​ $ 4,940 ​ $ 25,139 Impact of CECL adoption ​ 3,521 ​ (121) ​ 3,856 ​ 1,065 ​ 1,012 ​ 9,333 Provision charged to expense ​ 1,536 ​ 129 ​ 1,319 ​ (929) ​ (670) ​ 1,385 Losses charged off ​ (178) ​ — ​ (90) ​ (130) ​ (276) ​ (674) Recoveries ​ 1 ​ — ​ 1 ​ 16 ​ 26 ​ 44 Balance, end of period ​ $ 9,755 ​ $ 2,018 ​ $ 17,218 ​ $ 1,204 ​ $ 5,032 ​ $ 35,227 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the three months ended March 31, 2021 ​ ​ Residential ​ Construction ​ Commercial ​ ​ ​ ​ ​ ​ ​ ​ (dollars in thousands) Real Estate Real Estate Real Estate Consumer Commercial Total Allowance for loan losses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance, beginning of period $ 10,398 $ 2,387 $ 15,239 $ 1,362 $ 6,085 $ 35,471 Provision charged to expense ​ ​ (576) ​ ​ (369) ​ ​ 2,070 ​ ​ (107) ​ ​ (1,018) ​ ​ — Losses charged off ​ ​ (68) ​ ​ — ​ ​ (91) ​ ​ (57) ​ ​ (42) ​ ​ (258) Recoveries ​ ​ 1 ​ ​ — ​ ​ — ​ ​ 6 ​ ​ 7 ​ ​ 14 Balance, end of period $ 9,755 $ 2,018 $ 17,218 $ 1,204 $ 5,032 $ 35,227 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At period end and for the nine months ended March 31, 2020 ​ Residential ​ Construction Commercial ​ ​ ​ ​ ​ ​ ​ ​ (dollars in thousands) Real Estate Real Estate Real Estate Consumer Commercial Total Allowance for loan losses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance, beginning of period ​ $ 3,706 ​ $ 1,365 ​ $ 9,399 ​ $ 1,046 ​ $ 4,387 ​ $ 19,903 Provision charged to expense ​ 1,195 ​ 246 ​ 2,140 ​ 156 ​ 397 ​ 4,134 Losses charged off ​ (305) ​ — ​ (12) ​ (117) ​ (173) ​ (607) Recoveries ​ 18 ​ — ​ 15 ​ 17 ​ 28 ​ 78 Balance, end of period ​ $ 4,614 ​ $ 1,611 ​ $ 11,542 ​ $ 1,102 ​ $ 4,639 ​ $ 23,508 Ending Balance: individually evaluated for impairment ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Ending Balance: collectively evaluated for impairment ​ $ 4,614 ​ $ 1,611 ​ $ 11,542 ​ $ 1,102 ​ $ 4,639 ​ $ 23,508 Ending Balance: loans acquired with deteriorated credit quality ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the three months ended March 31, 2020 ​ ​ Residential ​ Construction ​ Commercial ​ ​ ​ ​ ​ ​ ​ ​ (dollars in thousands) Real Estate Real Estate Real Estate Consumer Commercial Total Allowance for loan losses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance, beginning of period $ 3,712 $ 1,657 $ 9,827 $ 1,050 $ 4,568 $ 20,814 Provision charged to expense ​ ​ 1,035 ​ ​ (46) ​ ​ 1,727 ​ ​ 64 ​ ​ 70 ​ ​ 2,850 Losses charged off ​ ​ (133) ​ ​ — ​ ​ (12) ​ ​ (19) ​ ​ (26) ​ ​ (190) Recoveries ​ ​ — ​ ​ — ​ ​ — ​ ​ 7 ​ ​ 27 ​ ​ 34 Balance, end of period $ 4,614 $ 1,611 $ 11,542 $ 1,102 $ 4,639 $ 23,508 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At June 30, 2020 ​ Residential ​ ​ Construction ​ Commercial ​ ​ ​ ​ ​ ​ ​ ​ (dollars in thousands) Real Estate Real Estate Real Estate Consumer Commercial Total Allowance for loan losses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance, end of period ​ $ 4,875 ​ $ 2,010 ​ $ 12,132 ​ $ 1,182 ​ $ 4,940 ​ $ 25,139 Ending Balance: individually evaluated for impairment ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Ending Balance: collectively evaluated for impairment ​ $ 4,875 ​ $ 2,010 ​ $ 12,132 ​ $ 1,182 ​ $ 4,940 ​ $ 25,139 Ending Balance: loans acquired with deteriorated credit quality ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Loans: ​ ​ ​ ​ ​ ​ Ending Balance: individually evaluated for impairment ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Ending Balance: collectively evaluated for impairment ​ $ 626,085 ​ $ 106,194 ​ $ 872,716 ​ $ 80,767 ​ $ 463,902 ​ $ 2,149,664 Ending Balance: loans acquired with deteriorated credit quality ​ $ 1,272 ​ $ 1,278 ​ $ 14,703 ​ $ — ​ $ 4,546 ​ $ 21,799
Schedule Of Financing Receivable Credit Quality Indicators	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Revolving ​ ​ ​ ​ 2021 2020 2019 2018 2017 Prior loans Total Residential Real Estate ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 247,325 ​ $ 198,404 ​ $ 39,207 ​ $ 36,547 ​ $ 27,142 ​ $ 84,507 ​ $ 5,385 ​ $ 638,517 Watch ​ 125 ​ 71 ​ 10,994 ​ — ​ 93 ​ 817 ​ — ​ 12,100 Special Mention ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — Substandard ​ 4,652 ​ 48 ​ 17 ​ 52 ​ — ​ 414 ​ — ​ 5,183 Doubtful ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — Total Residential Real Estate ​ $ 252,102 ​ $ 198,523 ​ $ 50,218 ​ $ 36,599 ​ $ 27,235 ​ $ 85,738 ​ $ 5,385 ​ $ 655,800 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Construction Real Estate ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 73,397 ​ $ 42,331 ​ $ 6,998 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 122,726 Watch ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — Special Mention ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — Substandard ​ 16 ​ — ​ — ​ — ​ — ​ — ​ — ​ 16 Doubtful ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — Total Construction Real Estate ​ $ 73,413 ​ $ 42,331 ​ $ 6,998 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 122,742 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial Real Estate ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 264,035 ​ $ 174,218 ​ $ 109,116 ​ $ 105,165 ​ $ 76,865 ​ $ 84,000 ​ $ 25,836 ​ $ 839,235 Watch ​ 4,271 ​ 813 ​ 10,740 ​ 5,393 ​ 530 ​ 460 ​ 819 ​ 23,026 Special Mention ​ — ​ 8,806 ​ — ​ 1,793 ​ 12,826 ​ — ​ 300 ​ 23,725 Substandard ​ 8,713 ​ 1,162 ​ 506 ​ 6 ​ 50 ​ 101 ​ 69 ​ 10,607 Doubtful ​ — ​ — ​ 857 ​ — ​ — ​ — ​ — ​ 857 Total Commercial Real Estate ​ $ 277,019 ​ $ 184,999 ​ $ 121,219 ​ $ 112,357 ​ $ 90,271 ​ $ 84,561 ​ $ 27,024 ​ $ 897,450 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Consumer ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 17,990 ​ $ 10,989 ​ $ 4,580 ​ $ 1,584 ​ $ 797 ​ $ 689 ​ $ 39,459 ​ $ 76,088 Watch ​ 83 ​ — ​ — ​ — ​ — ​ — ​ 48 ​ 131 Special Mention ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — Substandard ​ — ​ 26 ​ — ​ 36 ​ 32 ​ — ​ 34 ​ 128 Doubtful ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — Total Consumer ​ $ 18,073 ​ $ 11,015 ​ $ 4,580 ​ $ 1,620 ​ $ 829 ​ $ 689 ​ $ 39,541 ​ $ 76,347 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 152,172 ​ $ 94,604 ​ $ 21,289 ​ $ 8,517 ​ $ 7,831 ​ $ 9,686 ​ $ 118,221 ​ $ 412,320 Watch ​ 1,284 ​ 274 ​ 1,791 ​ 139 ​ — ​ 7 ​ 1,991 ​ 5,486 Special Mention ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — Substandard ​ 449 ​ 1,109 ​ 321 ​ 1 ​ 176 ​ 4 ​ 1,959 ​ 4,019 Doubtful ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — Total Commercial ​ $ 153,905 ​ $ 95,987 ​ $ 23,401 ​ $ 8,657 ​ $ 8,007 ​ $ 9,697 ​ $ 122,171 ​ $ 421,825 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 754,919 ​ $ 520,546 ​ $ 181,190 ​ $ 151,813 ​ $ 112,635 ​ $ 178,882 ​ $ 188,901 ​ $ 2,088,886 Watch ​ 5,763 ​ 1,158 ​ 23,525 ​ 5,532 ​ 623 ​ 1,284 ​ 2,858 ​ 40,743 Special Mention ​ — ​ 8,806 ​ — ​ 1,793 ​ 12,826 ​ — ​ 300 ​ 23,725 Substandard ​ 13,830 ​ 2,345 ​ 844 ​ 95 ​ 258 ​ 519 ​ 2,062 ​ 19,953 Doubtful ​ — ​ — ​ 857 ​ — ​ — ​ — ​ — ​ 857 Total ​ $ 774,512 ​ $ 532,855 ​ $ 206,416 ​ $ 159,233 ​ $ 126,342 ​ $ 180,685 ​ $ 194,121 ​ $ 2,174,164
Schedule Of Loan Portfolio Aging Analysis	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2021 ​ ​ ​ ​ ​ ​ ​ ​ Greater Than ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Greater Than 90 ​ ​ 30-59 Days ​ 60-89 Days ​ 90 Days ​ Total ​ ​ ​ ​ Total Loans ​ Days Past Due (dollars in thousands) Past Due Past Due Past Due Past Due Current Receivable and Accruing Real Estate Loans: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential ​ $ 1,270 ​ $ — ​ $ 305 ​ $ 1,575 ​ $ 654,225 ​ $ 655,800 ​ $ — Construction ​ — ​ — ​ — ​ — ​ 122,742 ​ 122,742 ​ — Commercial ​ 1,329 ​ 12 ​ 399 ​ 1,740 ​ 895,710 ​ 897,450 ​ — Consumer loans ​ 322 ​ 52 ​ 95 ​ 469 ​ 75,878 ​ 76,347 ​ — Commercial loans ​ 333 ​ 39 ​ 148 ​ 520 ​ 421,305 ​ 421,825 ​ — Total loans ​ $ 3,254 ​ $ 103 ​ $ 947 ​ $ 4,304 ​ $ 2,169,860 ​ $ 2,174,164 ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2020 ​ ​ ​ ​ ​ ​ ​ ​ Greater Than ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Greater Than 90 ​ ​ 30-59 Days ​ 60-89 Days ​ 90 Days ​ Total ​ ​ ​ ​ Total Loans ​ Days Past Due (dollars in thousands) Past Due Past Due Past Due Past Due Current Receivable and Accruing Real Estate Loans: ​ ​ ​ ​ ​ ​ ​ Residential ​ $ 772 ​ $ 378 ​ $ 654 ​ $ 1,804 ​ $ 625,553 ​ $ 627,357 ​ $ — Construction ​ — ​ — ​ — ​ — ​ 107,472 ​ 107,472 ​ — Commercial ​ 641 ​ 327 ​ 1,073 ​ 2,041 ​ 885,378 ​ 887,419 ​ — Consumer loans ​ 180 ​ 53 ​ 193 ​ 426 ​ 80,341 ​ 80,767 ​ — Commercial loans ​ 93 ​ 1,219 ​ 810 ​ 2,122 ​ 466,326 ​ 468,448 ​ — Total loans ​ $ 1,686 ​ $ 1,977 ​ $ 2,730 ​ $ 6,393 ​ $ 2,165,070 ​ $ 2,171,463 ​ $ —
Schedule of company's collateral dependent loans and related ACL	​ ​ ​ ​ ​ ​ ​ ​ ​ Amortized cost basis of ​ ​ ​ loans determined to be ​ Related allowance ​ ​ collateral dependent ​ for credit losses (dollars in thousands) ​ ​ Residential real estate loans ​ ​ 1- to 4-family residential loans ​ $ 904 ​ $ 232 Total loans ​ $ 904 ​ $ 232
Schedule Of Impaired Loans	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2020 ​ ​ Recorded ​ Unpaid Principal ​ Specific (dollars in thousands) Balance Balance Allowance Loans without a specific valuation allowance: ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential real estate ​ $ 3,811 ​ $ 4,047 ​ $ — Construction real estate ​ 1,277 ​ 1,312 ​ — Commercial real estate ​ 19,271 ​ 23,676 ​ — Consumer loans ​ ​ — ​ — ​ — Commercial loans ​ 5,040 ​ 6,065 ​ — Loans with a specific valuation allowance: ​ ​ ​ ​ Residential real estate ​ $ — ​ $ — ​ $ — Construction real estate ​ — ​ — ​ — Commercial real estate ​ — ​ — ​ — Consumer loans ​ — ​ — ​ — Commercial loans ​ — ​ — ​ — Total: ​ ​ ​ Residential real estate ​ $ 3,811 ​ $ 4,047 ​ $ — Construction real estate ​ $ 1,277 ​ $ 1,312 ​ $ — Commercial real estate ​ $ 19,271 ​ $ 23,676 ​ $ — Consumer loans ​ $ — ​ $ — ​ $ — Commercial loans ​ $ 5,040 ​ $ 6,065 ​ $ —
Schedule Of Interest Income Recognized On Impaired Loans	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the three-month period ended ​ ​ March 31, 2020 ​ ​ Average ​ ​ ​ ​ ​ Investment in ​ Interest Income (dollars in thousands) Impaired Loans Recognized Residential Real Estate ​ $ 1,288 ​ $ 22 Construction Real Estate ​ 1,292 ​ 30 Commercial Real Estate ​ 15,366 ​ 309 Consumer Loans ​ — ​ — Commercial Loans ​ 5,909 ​ 115 Total Loans ​ $ 23,855 ​ $ 476 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the nine-month period ended ​ ​ March 31, 2020 ​ ​ Average ​ ​ ​ ​ ​ Investment in ​ Interest Income (dollars in thousands) Impaired Loans Recognized Residential Real Estate $ 1,482 $ 67 Construction Real Estate ​ ​ 1,299 ​ ​ 114 Commercial Real Estate ​ ​ 16,544 ​ ​ 984 Consumer Loans ​ ​ — ​ ​ — Commercial Loans ​ ​ 5,860 ​ ​ 329 Total Loans $ 25,185 $ 1,494
Schedule of Financing Receivables, Non Accrual Status	​ ​ ​ ​ ​ ​ ​ ​ (dollars in thousands) March 31, 2021 June 30, 2020 Residential real estate ​ $ 3,463 ​ $ 4,010 Construction real estate ​ — ​ — Commercial real estate ​ 2,496 ​ 3,106 Consumer loans ​ 181 ​ 196 Commercial loans ​ 616 ​ 1,345 Total loans ​ $ 6,756 ​ $ 8,657
Schedule of Debtor Troubled Debt Restructuring, Current Period	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the three-month periods ended ​ ​ March 31, 2021 ​ March 31, 2020 ​ ​ Number of ​ Recorded ​ Number of ​ Recorded (dollars in thousands) modifications Investment modifications Investment Residential real estate — ​ $ — — ​ $ — Construction real estate — ​ — — ​ — Commercial real estate — ​ — — ​ — Consumer loans — ​ — — ​ — Commercial loans — ​ — — ​ — Total — ​ $ — — ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the nine-month periods ended ​ ​ March 31, 2021 ​ March 31, 2020 ​ ​ Number of ​ Recorded ​ Number of ​ Recorded (dollars in thousands) modifications Investment modifications Investment Residential real estate 1 $ 93 — $ — Construction real estate — ​ ​ — — ​ ​ — Commercial real estate 2 ​ ​ 1,692 — ​ ​ — Consumer loans — ​ ​ — — ​ ​ — Commercial loans 1 ​ ​ 29 — ​ ​ — Total 4 $ 1,814 — $ —
Schedule Of Performing Loans Classified As Troubled Debt Restructuring Loans	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2021 ​ June 30, 2020 ​ ​ Number of ​ Recorded ​ Number of ​ Recorded (dollars in thousands) modifications Investment modifications Investment Residential real estate 3 ​ $ 1,014 3 ​ $ 791 Construction real estate — ​ — — ​ — Commercial real estate 7 ​ 3,401 10 ​ 4,544 Consumer loans — ​ — — ​ — Commercial loans 8 ​ 2,678 7 ​ 3,245 Total 18 ​ $ 7,093 20 ​ $ 8,580
Purchase Credit Impaired
Schedule of Credit Risk Profile of the Company's Loan Portfolio	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2020 ​ ​ Residential ​ Construction ​ Commercial ​ ​ ​ ​ ​ (dollars in thousands) Real Estate Real Estate Real Estate Consumer Commercial Pass ​ $ 620,004 ​ $ 103,105 ​ $ 829,276 ​ $ 80,517 ​ $ 457,385 Watch ​ 1,900 ​ 4,367 ​ 45,262 ​ 45 ​ 4,708 Special Mention ​ — ​ — ​ 403 ​ 25 ​ — Substandard ​ 5,453 ​ — ​ 11,590 ​ 180 ​ 6,355 Doubtful ​ — ​ — ​ 888 ​ — ​ — Total ​ $ 627,357 ​ $ 107,472 ​ $ 887,419 ​ $ 80,767 ​ $ 468,448

Premises and Equipment (Tables)

Premises and Equipment (Tables)	9 Months Ended
	Mar. 31, 2021
Premises and Equipment
Summary of premises and equipment	​ ​ ​ ​ ​ ​ ​ ​ (dollars in thousands) March 31, 2021 June 30, 2020 Land ​ $ 12,480 ​ $ 12,585 Buildings and improvements ​ 56,937 ​ 56,039 Construction in progress ​ 173 ​ 435 Furniture, fixtures, equipment and software ​ 18,730 ​ 18,109 Automobiles ​ 120 ​ 120 Operating leases ROU asset ​ 2,507 ​ 1,965 ​ ​ 90,947 ​ 89,253 Less accumulated depreciation ​ 27,039 ​ 24,147 ​ ​ $ 63,908 ​ $ 65,106
Schedule of calculated amount of right of use assets and lease liabilities	​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2021 June 30, 2020 Consolidated Balance Sheet ​ ​ Operating leases right of use asset ​ $ 2,507 ​ $ 1,965 Operating leases liability ​ $ 2,507 ​ $ 1,965 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended March 31, ​ Nine Months Ended March 31, ​ ​ 2021 ​ 2020 ​ 2021 ​ 2020 Consolidated Statement of Income ​ ​ ​ ​ ​ ​ ​ ​ Operating lease costs classified as occupancy and equipment expense ​ $ 107 ​ $ 45 ​ $ 242 ​ $ 153 (includes short-term lease costs) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Supplemental disclosures of cash flow information ​ ​ ​ ​ ​ ​ ​ ​ Cash paid for amounts included in the measurement of lease liabilities: ​ ​ ​ ​ ​ ​ ​ ​ Operating cash flows from operating leases ​ $ 80 ​ $ 39 ​ $ 205 ​ $ 116 ROU assets obtained in exchange for operating lease obligations: ​ $ 599 ​ $ — ​ $ 599 ​ $ 2,004
Schedule of future minimum rental payments for operating leases	​ ​ ​ ​ ​ (dollars in thousands) ​ 2021 ​ $ 76 2022 ​ 279 2023 ​ 279 2024 ​ 279 2025 ​ 279 Thereafter ​ 3,126 Future lease payments expected ​ $ 4,318

Deposits (Tables)

Deposits (Tables)	9 Months Ended
	Mar. 31, 2021
Deposits
Schedule of Deposit Liabilities	​ ​ ​ ​ ​ ​ ​ ​ (dollars in thousands) March 31, 2021 June 30, 2020 Non-interest bearing accounts ​ $ 387,416 ​ $ 316,048 NOW accounts ​ 926,488 ​ 781,937 Money market deposit accounts ​ 241,933 ​ 231,162 Savings accounts ​ 220,025 ​ 181,229 Certificates ​ 592,899 ​ 674,471 Total Deposit Accounts ​ $ 2,368,761 ​ $ 2,184,847

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Mar. 31, 2021
Earnings Per Share
Schedule of Earnings Per Share, Basic and Diluted	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ended Nine months ended ​ ​ March 31, March 31, ​ 2021 2020 2021 2020 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (dollars in thousands except per share data) ​ ​ ​ ​ ​ ​ ​ ​ Net income ​ $ 11,458 ​ $ 5,099 ​ $ 33,491 ​ $ 20,644 Less: distributed earnings allocated to participating securities ​ (5) ​ — ​ (13) ​ — Less: undistributed earnings allocated to participating securities ​ (35) ​ — ​ (91) ​ — Net income available to common shareholders ​ $ 11,418 ​ $ 5,099 ​ $ 33,387 ​ $ 20,644 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted-average common shares outstanding, including participating securities ​ 9,004,034 ​ 9,197,370 ​ 9,073,545 ​ 9,210,559 Less: weighted-average participating securities outstanding (restricted shares) ​ (31,845) ​ — ​ (28,172) ​ — Weighted-average basic common shares outstanding ​ 8,972,189 ​ 9,197,370 ​ 9,045,373 ​ 9,210,559 Add: effect of dilutive securities, stock options, and awards ​ 4,026 ​ 7,422 ​ 2,579 ​ 10,848 Denominator for diluted earnings per share ​ ​ 8,976,215 ​ ​ 9,204,792 ​ ​ 9,047,952 ​ ​ 9,221,407 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Basic earnings per share available to common stockholders ​ $ 1.27 ​ $ 0.55 ​ $ 3.69 ​ $ 2.24 Diluted earnings per share available to common stockholders ​ $ 1.27 ​ $ 0.55 ​ $ 3.69 ​ $ 2.24

Income Taxes (Tables)

Income Taxes (Tables)	9 Months Ended
	Mar. 31, 2021
Income Taxes
Schedule of Effective Income Tax Rate Reconciliation	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the three-month periods ended For the nine-month periods ended (dollars in thousands) ​ March 31, 2021 ​ March 31, 2020 ​ March 31, 2021 ​ March 31, 2020 Income taxes ​ ​ ​ ​ ​ Current ​ $ 3,552 ​ $ 1,116 ​ $ 11,441 ​ $ 5,007 Deferred ​ (456) ​ 13 ​ (2,445) ​ 19 Total income tax provision ​ $ 3,096 ​ $ 1,129 ​ $ 8,996 ​ $ 5,026
Schedule of Deferred Tax Assets and Liabilities	​ ​ ​ ​ ​ ​ ​ ​ (dollars in thousands) March 31, 2021 June 30, 2020 Deferred tax assets: ​ ​ Provision for losses on loans ​ $ 8,185 ​ $ 5,802 Accrued compensation and benefits ​ 722 ​ 825 NOL carry forwards acquired ​ 155 ​ 149 Minimum Tax Credit ​ — ​ 130 Unrealized loss on other real estate ​ 180 ​ 257 Other ​ 312 ​ 26 Total deferred tax assets ​ 9,554 ​ 7,189 ​ ​ ​ ​ ​ ​ ​ Deferred tax liabilities: ​ ​ ​ ​ Purchase accounting adjustments ​ 191 ​ 64 Depreciation ​ 1,494 ​ 1,665 FHLB stock dividends ​ 120 ​ 120 Prepaid expenses ​ 326 ​ 259 Unrealized gain on available for sale securities ​ 686 ​ 1,265 Other ​ — ​ 104 Total deferred tax liabilities ​ 2,817 ​ 3,477 ​ ​ ​ ​ ​ ​ ​ Net deferred tax assets ​ $ 6,737 ​ $ 3,712
Schedule of Reconciliation of Income Tax Expense at the Statutory Rate to Actual Income Tax	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the three-month periods ended For the nine-month periods ended (dollars in thousands) ​ March 31, 2021 ​ March 31, 2020 ​ March 31, 2021 ​ March 31, 2020 Tax at statutory rate ​ $ 3,056 ​ $ 1,308 ​ $ 8,922 ​ $ 5,391 Increase (reduction) in taxes resulting from: ​ ​ ​ ​ ​ ​ ​ ​ Nontaxable municipal income ​ (117) ​ (109) ​ (327) ​ (335) State tax, net of Federal benefit ​ 215 ​ 27 ​ 717 ​ 223 Cash surrender value of Bank-owned life insurance ​ (57) ​ (52) ​ (320) ​ (159) Tax credit benefits ​ (2) ​ (21) ​ (11) ​ (27) Other, net ​ 1 ​ (24) ​ 15 ​ (67) Actual provision ​ $ 3,096 ​ $ 1,129 ​ $ 8,996 ​ $ 5,026

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Mar. 31, 2021
Fair Value Measurements
Fair Value, Assets Measured on Recurring Basis	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value Measurements at March 31, 2021, Using: ​ ​ ​ ​ ​ Quoted Prices in ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Active Markets for ​ Significant Other ​ Significant ​ ​ ​ ​ ​ Identical Assets ​ Observable Inputs ​ Unobservable Inputs (dollars in thousands) Fair Value (Level 1) (Level 2) (Level 3) State and political subdivisions ​ $ 43,292 ​ $ — ​ $ 43,292 ​ $ — Other securities ​ 20,837 ​ — ​ 20,837 ​ — Mortgage-backed GSE residential ​ 126,280 ​ — ​ 126,280 ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value Measurements at June 30, 2020, Using: ​ ​ ​ ​ ​ Quoted Prices in ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Active Markets for ​ Significant Other ​ Significant ​ ​ ​ ​ ​ Identical Assets ​ Observable Inputs ​ Unobservable Inputs (dollars in thousands) Fair Value (Level 1) (Level 2) (Level 3) State and political subdivisions ​ $ 41,988 ​ $ — ​ $ 41,988 ​ $ — Other securities ​ 7,624 ​ — ​ 7,624 ​ — Mortgage-backed GSE residential ​ 126,912 ​ — ​ 126,912 ​ — ​
Fair Value Measurements, Nonrecurring	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value Measurements at March 31, 2021, Using: ​ ​ ​ ​ ​ Quoted Prices in ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Active Markets for ​ Significant Other ​ Significant ​ ​ ​ ​ ​ Identical Assets ​ Observable Inputs ​ Unobservable Inputs (dollars in thousands) Fair Value (Level 1) (Level 2) (Level 3) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Foreclosed and repossessed assets held for sale ​ $ 689 ​ $ — ​ $ — ​ $ 689 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value Measurements at June 30, 2020, Using: ​ ​ ​ ​ ​ Quoted Prices in ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Active Markets for ​ Significant Other ​ Significant ​ ​ ​ ​ ​ Identical Assets ​ Observable Inputs ​ Unobservable Inputs (dollars in thousands) Fair Value (Level 1) (Level 2) (Level 3) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Foreclosed and repossessed assets held for sale ​ $ 2,211 ​ $ — ​ $ — ​ $ 2,211 ​
Gains (Losses) Recognized on Assets Measured on a Nonrecurring Basis	​ ​ ​ ​ ​ ​ ​ ​ ​ For the three months ended (dollars in thousands) ​ March 31, 2021 ​ March 31, 2020 Foreclosed and repossessed assets held for sale ​ $ (49) ​ $ (96) Total losses on assets measured on a non-recurring basis ​ $ (49) ​ $ (96)
Fair Value Option, Disclosures	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Range ​ ​ ​ Fair value at ​ Valuation ​ Unobservable ​ of ​ Weighted-average (dollars in thousands) ​ March 31, 2021 ​ technique ​ inputs ​ inputs applied ​ inputs applied Nonrecurring Measurements ​ ​ Foreclosed and repossessed assets ​ $ 689 Third party appraisal Marketability discount 0.0% - 64.1 % 26.7 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Range ​ ​ ​ Fair value at ​ Valuation ​ Unobservable ​ of ​ Weighted-average (dollars in thousands) ​ June 30, 2020 ​ technique ​ inputs ​ inputs applied ​ inputs applied Nonrecurring Measurements ​ ​ Foreclosed and repossessed assets ​ $ 2,211 Third party appraisal Marketability discount 8.0% - 56.9 % 15.7 % ​
Schedule of Financial Instruments	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2021 ​ ​ ​ ​ ​ Quoted Prices ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ in Active ​ ​ ​ ​ Significant ​ ​ ​ ​ ​ Markets for ​ Significant Other ​ Unobservable ​ ​ Carrying ​ Identical Assets ​ Observable Inputs ​ Inputs (dollars in thousands) Amount (Level 1) (Level 2) (Level 3) Financial assets ​ ​ ​ ​ Cash and cash equivalents ​ $ 236,896 ​ $ 236,896 ​ $ — ​ $ — Interest-bearing time deposits ​ 977 ​ — ​ 977 ​ — Stock in FHLB ​ 6,163 ​ — ​ 6,163 ​ — Stock in Federal Reserve Bank of St. Louis ​ 5,018 ​ — ​ 5,018 ​ — Loans receivable, net ​ 2,134,885 ​ — ​ — ​ 2,156,852 Accrued interest receivable ​ 10,030 ​ — ​ 10,030 ​ — Financial liabilities ​ ​ ​ ​ ​ Deposits ​ 2,368,761 ​ 1,775,862 ​ — ​ 595,978 Advances from FHLB ​ 62,781 ​ — ​ 64,088 ​ — Accrued interest payable ​ 918 ​ — ​ 918 ​ — Subordinated debt ​ 15,218 ​ — ​ — ​ 15,016 Unrecognized financial instruments (net of contract amount) ​ ​ ​ ​ ​ ​ ​ ​ Commitments to originate loans ​ — ​ — ​ — ​ — Letters of credit ​ — ​ — ​ — ​ — Lines of credit ​ — ​ — ​ — ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2020 ​ ​ ​ ​ ​ Quoted Prices ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ in Active ​ ​ ​ ​ Significant ​ ​ ​ ​ ​ Markets for ​ Significant Other ​ Unobservable ​ ​ Carrying ​ Identical Assets ​ Observable Inputs ​ Inputs (dollars in thousands) Amount (Level 1) (Level 2) (Level 3) Financial assets ​ ​ ​ ​ Cash and cash equivalents ​ $ 54,245 ​ $ 54,245 ​ $ — ​ $ — Interest-bearing time deposits ​ 974 ​ — ​ 974 ​ — Stock in FHLB ​ 6,390 ​ — ​ 6,390 ​ — Stock in Federal Reserve Bank of St. Louis ​ 4,363 ​ — ​ 4,363 ​ — Loans receivable, net ​ 2,141,929 ​ — ​ — ​ 2,143,823 Accrued interest receivable ​ 12,116 ​ — ​ 12,116 ​ — Financial liabilities ​ ​ ​ ​ Deposits ​ 2,184,847 ​ 1,508,740 ​ — ​ 676,816 Advances from FHLB ​ 70,024 ​ — ​ 72,136 ​ — Accrued interest payable ​ 1,646 ​ — ​ 1,646 ​ — Subordinated debt ​ 15,142 ​ — ​ — ​ 11,511 Unrecognized financial instruments (net of contract amount) ​ ​ ​ ​ ​ ​ ​ Commitments to originate loans ​ — ​ — ​ — ​ — Letters of credit ​ — ​ — ​ — ​ — Lines of credit ​ — ​ — ​ — ​ —

Organization and Summary of S_4

Organization and Summary of Significant Accounting Policies - Additional information (Details) - USD ($)	9 Months Ended
	Mar. 31, 2021	Jun. 30, 2020
Organization and Summary of Significant Accounting Policies
Entity Incorporation, State or Country Code	MO
Real Estate Investments, Net	$ 1,000,000,000
Interest-bearing deposits in other depository institutions	199,000,000	$ 7,000,000
Deposits held in various commercial banks	$ 2,000,000	$ 319,000
Interest bearing deposits maturity period (in yeras)	7 years

Organization and Summary of S_5

Organization and Summary of Significant Accounting Policies - Loans (Details)	Jul. 01, 2020USD ($)
Cumulative Effect, Period of Adoption, Adjustment | Purchased credit deteriorated ("PCD") loans
Increase (decrease) to ACL	$ 434,000

Organization and Summary of S_6

Organization and Summary of Significant Accounting Policies - Premises and Equipment and Goodwill (Details) - USD ($) $ in Millions	9 Months Ended	12 Months Ended
	Mar. 31, 2021	Jun. 30, 2020
Property, Plant and Equipment [Line Items]
Impairment loss on goodwill	$ 0	$ 0
Software
Property, Plant and Equipment [Line Items]
Estimated lives (in years)	P3Y
Minimum | Premises
Property, Plant and Equipment [Line Items]
Estimated lives (in years)	P7Y
Minimum | Equipment
Property, Plant and Equipment [Line Items]
Estimated lives (in years)	P3Y
Maximum | Premises
Property, Plant and Equipment [Line Items]
Estimated lives (in years)	P40Y
Maximum | Equipment
Property, Plant and Equipment [Line Items]
Estimated lives (in years)	P7Y

Organization and Summary of S_7

Organization and Summary of Significant Accounting Policies - Intangible Assets, Finite-Lived (Details) - USD ($)	9 Months Ended	12 Months Ended
	Mar. 31, 2021	Jun. 30, 2020
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Core Deposits, Gross	$ 15,300,000	$ 15,300,000
Finite-Lived Intangible Assets, Accumulated Amortization	9,700,000	8,700,000
Other Finite-Lived Intangible Assets, Gross	3,800,000	3,800,000
Other Finite Lived Intangible Assets Gross Accumulated Amortization	3,800,000	3,800,000
Amortization of Mortgage Servicing Rights (MSRs)	1,500,000	1,100,000
Remainder of fiscal 2021	338,000
2022	1,400,000
2023	1,400,000
2024	1,400,000
2025	807,000
Thereafter	328,000
Impairment of Intangible Assets, Finite-lived	$ 0	$ 0
Minimum
Finite-Lived Intangible Assets [Line Items]
Core Deposits and Intangible Assets, Remaining Amortization Period	P5Y
Maximum
Finite-Lived Intangible Assets [Line Items]
Core Deposits and Intangible Assets, Remaining Amortization Period	P7Y

Organization and Summary of S_8

Organization and Summary of Significant Accounting Policies - Outside Directors' Retirement (Details)	9 Months Ended
	Mar. 31, 2021age
Organization and Summary of Significant Accounting Policies
Requisite period	60
Vesting period	5 years

Organization and Summary of S_9

Organization and Summary of Significant Accounting Policies - New Accounting Pronouncements - Schedule of Adoption of ASU 2016-13 (Details) - USD ($)	Jul. 01, 2020	Mar. 31, 2021	Jun. 30, 2020
Loans receivable		$ 2,254,367,000	$ 2,249,915,000
Allowance for Credit Loss on loans		35,227,000	25,139,000
Total allowance for credit losses on off-balance sheet credit exposures			1,959,000
As reported prior to ASU 2016-13
Loans receivable			2,141,929,000
Cumulative Effect, Period of Adoption, Adjusted Balance
Allowance for Credit Loss on loans	$ 34,472,000
Total allowance for credit losses on off-balance sheet credit exposures	2,227,000
Cumulative Effect, Period of Adoption, Adjusted Balance | As reported under ASU 2016-13
Loans receivable	2,142,363,000
Cumulative Effect, Period of Adoption, Adjustment
Allowance for Credit Loss on loans	9,333,000
Total allowance for credit losses on off-balance sheet credit exposures	268,000
Retained earnings	7,200,000
Cumulative Effect, Period of Adoption, Adjustment | Impact of adoption ASU 2016-13
Loans receivable	434,000
Allowance for Credit Loss on loans	8,900,000
Adjustment to the reserve for unfunded commitments	268,000
Cumulative Effect, Period of Adoption, Adjustment | Purchased credit deteriorated ("PCD") loans
Increase (decrease) to ACL	434,000
Residential and commercial real estate loans | Purchased credit deteriorated ("PCD") loans | Impact of adoption ASU 2016-13
Loans receivable	434,000
Residential
Loans receivable		655,800,000	627,357,000
Allowance for Credit Loss on loans			4,875,000
Residential | Cumulative Effect, Period of Adoption, Adjusted Balance
Allowance for Credit Loss on loans	8,396,000
Residential | Cumulative Effect, Period of Adoption, Adjustment
Allowance for Credit Loss on loans	3,521,000
Construction
Loans receivable		202,945,000	185,924,000
Allowance for Credit Loss on loans			2,010,000
Construction | Cumulative Effect, Period of Adoption, Adjusted Balance
Allowance for Credit Loss on loans	1,889,000
Construction | Cumulative Effect, Period of Adoption, Adjustment
Allowance for Credit Loss on loans	(121,000)
Commercial
Loans receivable		897,450,000	887,419,000
Allowance for Credit Loss on loans			12,132,000
Commercial | Cumulative Effect, Period of Adoption, Adjusted Balance
Allowance for Credit Loss on loans	15,988,000
Commercial | Cumulative Effect, Period of Adoption, Adjustment
Allowance for Credit Loss on loans	3,856,000
Consumer loans
Loans receivable		76,347,000	80,767,000
Allowance for Credit Loss on loans			1,182,000
Consumer loans | Cumulative Effect, Period of Adoption, Adjusted Balance
Allowance for Credit Loss on loans	2,247,000
Consumer loans | Cumulative Effect, Period of Adoption, Adjustment
Allowance for Credit Loss on loans	1,065,000
Commercial loans
Loans receivable		$ 421,825,000	468,448,000
Allowance for Credit Loss on loans			$ 4,940,000
Commercial loans | Cumulative Effect, Period of Adoption, Adjusted Balance
Allowance for Credit Loss on loans	5,952,000
Commercial loans | Cumulative Effect, Period of Adoption, Adjustment
Allowance for Credit Loss on loans	$ 1,012,000

Securities - Schedule of availa

Securities - Schedule of available for sale securities (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Jun. 30, 2020
Other securities
Available-for-sale Securities, Amortized Cost	$ 21,000	$ 7,919
Available-for-sale Securities, Gross Unrealized Gain	235	48
Available-for-sale Securities, Gross Unrealized Losses	(398)	(343)
Available-for-sale Securities Estimated Fair Value	20,837	7,624
Mortgage-backed securities
Available-for-sale Securities, Amortized Cost	124,227	122,375
Available-for-sale Securities, Gross Unrealized Gain	3,188	4,576
Available-for-sale Securities, Gross Unrealized Losses	(1,135)	(39)
Available-for-sale Securities Estimated Fair Value	126,280	126,912
Total investments and mortgage-backed securities
Available-for-sale Securities, Amortized Cost	187,292	170,780
Available-for-sale Securities, Gross Unrealized Gain	4,755	6,126
Available-for-sale Securities, Gross Unrealized Losses	(1,638)	(382)
Available-for-sale Securities Estimated Fair Value	190,409	176,524
State and political subdivisions
Available-for-sale Securities, Amortized Cost	42,065	40,486
Available-for-sale Securities, Gross Unrealized Gain	1,332	1,502
Available-for-sale Securities, Gross Unrealized Losses	(105)
Available-for-sale Securities Estimated Fair Value	$ 43,292	$ 41,988

Securities - Investments Classi

Securities - Investments Classified by Contractual Maturity Date (Details) $ in Thousands	Mar. 31, 2021USD ($)
Securities
Amortized Cost, Within one year	$ 2,003
Estimated Fair Value, Within one year	2,025
Amortized Cost, After one year but less than five years	8,450
Estimated Fair Value, After one year but less than five years	8,610
Amortized Cost, After five years but less than ten years	29,173
Estimated Fair Value, After five years but less than ten years	29,669
Amortized Cost, After ten years	23,439
Estimated Fair Value, After ten years	23,825
Amortized Cost, Total investment securities	63,065
Estimated Fair Value, Total investment securities	64,129
Mortgage-backed securities GSE residential amortized cost	124,227
Mortgage-backed securities GSE residential fair value	126,280
Amortized Cost, Total investment and mortgage-backed securities	187,292
Estimated Fair Value, Total investment and mortgage-backed securities	$ 190,409

Securities - Available-for-sale

Securities - Available-for-sale securities, continuous unrealized loss position, Fair value (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Jun. 30, 2020
State and political subdivisions
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Fair Value	$ 7,175
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Unrealized Losses	105
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	7,175
Available-for-sale Securities, Continuous Unrealized Loss Position, Unrealized Losses	105
Other securities
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Fair Value	10,723	$ 995
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Unrealized Losses	157	5
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or more, Fair Value	735	643
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or more, Unrealized Losses	241	338
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	11,458	1,638
Available-for-sale Securities, Continuous Unrealized Loss Position, Unrealized Losses	398	343
Mortgage-backed securities
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Fair Value	45,723	9,037
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Unrealized Losses	1,135	39
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	45,723	9,037
Available-for-sale Securities, Continuous Unrealized Loss Position, Unrealized Losses	1,135	39
Total investments and mortgage-backed securities
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Fair Value	63,621	10,032
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Unrealized Losses	1,397	44
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or more, Fair Value	735	643
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or more, Unrealized Losses	241	338
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	64,356	10,675
Available-for-sale Securities, Continuous Unrealized Loss Position, Unrealized Losses	$ 1,638	$ 382

Securities - Security owned and

Securities - Security owned and pledged as collateral (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Jun. 30, 2020
Security Owned and Pledged as Collateral, Fair Value	$ 162,500	$ 156,100
State and political subdivisions
Security Owned and Pledged as Collateral, Fair Value	42,000	32,000
Mortgage-backed securities
Security Owned and Pledged as Collateral, Fair Value	120,500	123,900
Other securities
Security Owned and Pledged as Collateral, Fair Value	$ 0	$ 200

Securities - Other securities p

Securities - Other securities policy (Details)	Mar. 31, 2021USD ($)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Number of Pooled Trust Preferred Securities	2
Fair Value of Pooled Trust Preferred Securities Held	$ 735,000
Unrealized Losses on Pooled Trust Preferred Securities in a Continuous Unrealized Loss Position for 12 Months or More	$ 241,000
Prepayments
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Securities, Input rate	1.8
Annual defaults
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Securities, Input rate	2.20
Basis points thereafter	0.68
Recovery rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Securities, Input rate	7
Lagged years
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Securities, Input term	2 years

Loans and Allowance for Credi_3

Loans and Allowance for Credit Losses - Classes of loans (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Jun. 30, 2020
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	$ 2,254,367	$ 2,249,915
Loans in Process	(80,203)	(78,452)
Deferred loan fees, net	(4,052)	(4,395)
Allowance for credit losses	(35,227)	(25,139)
Total loans	2,134,885	2,141,929
Residential
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	655,800	627,357
Allowance for credit losses		(4,875)
Construction
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	202,945	185,924
Allowance for credit losses		(2,010)
Commercial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	897,450	887,419
Allowance for credit losses		(12,132)
Consumer loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	76,347	80,767
Allowance for credit losses		(1,182)
Commercial loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross loans	$ 421,825	468,448
Allowance for credit losses		$ (4,940)

Loans and Allowance for Credi_4

Loans and Allowance for Credit Losses - Purchased participation and loans with modifications (Details) $ in Millions	9 Months Ended	12 Months Ended
	Mar. 31, 2021USD ($)	Jun. 30, 2020USD ($)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of purchased participation loans	22	23
Purchased participation loans	$ 75.3	$ 58.2
Construction
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amount of Loans Modified for Other Than TDR	$ 28	$ 48.8
Number of Loans Modified for Other Than TDR	52	77

Loans and Allowance for Credi_5

Loans and Allowance for Credit Losses - Classes of loans information (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2021USD ($)	Mar. 31, 2020USD ($)	Mar. 31, 2021USD ($)item	Mar. 31, 2020USD ($)	Jun. 30, 2020USD ($)
Provision for credit losses | $	$ (409)	$ 2,850	$ 1,591	$ 4,134
ACL | $	$ 35,227		$ 35,227		$ 25,139
Management Trailing Measures, Period Of National And State Unemployment			12 months
Management Trailing Measures, Period Of G D P Growth			2 years
Consumer Loan
Amortization period of loans			5 years
Consumer Loans, Home Equity Lines Of Credit
Maximum percentage of appraised value or purchase price that loans cannot exceed			100.00%
Amortization period of loans			10 years
Consumer Loans, Other Than Home Equity Lines Of Credit
Maximum percentage of appraised value or purchase price that loans cannot exceed			100.00%
Amortization period of loans			60 months
Commercial Loan
Amortization period of loans			5 years
Amortization period for commercial operating lines of credit or agricultural production lines			1 year
Construction Real Estate | Minimum
Maturities of single-family residential construction loans			6 months
Maturities of multifamily or commercial construction loans			12 months
Construction Real Estate | Maximum
Maturities of single-family residential construction loans			12 months
Maturities of multifamily or commercial construction loans			24 months
Residential real estate loans
Fixed-rate and adjustable-rate mortgage (ARM) loans amortization period (in years)			30 years
Amortization period of multi-family residential loans if balloon maturities			10 years
Residential real estate loans | Minimum
Number of family residences | item			1
Residential real estate loans | Maximum
Number of family residences | item			4
Residential real estate loans | Construction Real Estate
Amortization period of loans			30 years
Residential real estate loans | Single Family [Member]
Maximum percentage of appraised value or purchase price that loans cannot exceed			90.00%
Residential real estate loans | Multifamily [Member]
Maximum percentage of appraised value or purchase price that loans cannot exceed			85.00%
Amortization period of loans			25 years
Commercial Real Estate
Maximum percentage of appraised value or purchase price that loans cannot exceed			80.00%
Amortization period of loans			25 years
Term of fixed interest applicability on loans			10 years
Term of variable interest applicability on loans			7 years
Agricultural real estate terms if 80% loan-to-value ratio			25 years
Agricultural real estate terms if 75% loan-to-value ratio			30 years
Commercial Real Estate | Construction Real Estate
Amortization period of loans			25 years

Loans and Allowance for Credi_6

Loans and Allowance for Credit Losses - Schedule of balance in the ACL and the recorded investment in loans (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2021	Mar. 31, 2020	Jun. 30, 2020
Beginning balance of allowance for loan losses	$ 35,471	$ 20,814	$ 25,139
Impact of CECL adoption			9,333
Provision charged to expense		2,850	1,385	$ 4,134
Losses charged off	(258)	(190)	(674)	(607)
Recoveries	14	34	44	78
Ending balance of allowance for loan losses	35,227	23,508	35,227	23,508	$ 25,139
Ending Balance: individually evaluated for impairment					0
Ending Balance: collectively evaluated for impairment		23,508		23,508	25,139
Ending Balance: loans acquired with deteriorated credit quality					0
Ending Balance: individually evaluated for impairment					0
Ending Balance: collectively evaluated for impairment					2,149,664
Ending Balance: loans acquired with deteriorated credit quality					21,799
Prior to adoption of CECL
Beginning balance of allowance for loan losses			25,139	19,903	19,903
Ending balance of allowance for loan losses					25,139
Consumer Loan
Beginning balance of allowance for loan losses	1,362	1,050	1,182
Impact of CECL adoption			1,065
Provision charged to expense	(107)	64	(929)	156
Losses charged off	(57)	(19)	(130)	(117)
Recoveries	6	7	16	17
Ending balance of allowance for loan losses	1,204	1,102	1,204	1,102	1,182
Ending Balance: individually evaluated for impairment					0
Ending Balance: collectively evaluated for impairment		1,102		1,102	1,182
Ending Balance: loans acquired with deteriorated credit quality					0
Ending Balance: individually evaluated for impairment					0
Ending Balance: collectively evaluated for impairment					80,767
Ending Balance: loans acquired with deteriorated credit quality					0
Consumer Loan | Prior to adoption of CECL
Beginning balance of allowance for loan losses			1,182	1,046	1,046
Ending balance of allowance for loan losses					1,182
Commercial Loan
Beginning balance of allowance for loan losses	6,085	4,568	4,940
Impact of CECL adoption			1,012
Provision charged to expense	(1,018)	70	(670)	397
Losses charged off	(42)	(26)	(276)	(173)
Recoveries	7	27	26	28
Ending balance of allowance for loan losses	5,032	4,639	5,032	4,639	4,940
Ending Balance: individually evaluated for impairment					0
Ending Balance: collectively evaluated for impairment		4,639		4,639	4,940
Ending Balance: loans acquired with deteriorated credit quality					0
Ending Balance: individually evaluated for impairment					0
Ending Balance: collectively evaluated for impairment					463,902
Ending Balance: loans acquired with deteriorated credit quality					4,546
Commercial Loan | Prior to adoption of CECL
Beginning balance of allowance for loan losses			4,940	4,387	4,387
Ending balance of allowance for loan losses					4,940
Construction Real Estate
Beginning balance of allowance for loan losses	2,387	1,657	2,010
Impact of CECL adoption			(121)
Provision charged to expense	(369)	(46)	129	246
Ending balance of allowance for loan losses	2,018	1,611	2,018	1,611	2,010
Ending Balance: individually evaluated for impairment					0
Ending Balance: collectively evaluated for impairment		1,611		1,611	2,010
Ending Balance: loans acquired with deteriorated credit quality					0
Ending Balance: individually evaluated for impairment					0
Ending Balance: collectively evaluated for impairment					106,194
Ending Balance: loans acquired with deteriorated credit quality					1,278
Construction Real Estate | Prior to adoption of CECL
Beginning balance of allowance for loan losses			2,010	1,365	1,365
Ending balance of allowance for loan losses					2,010
Residential real estate loans
Beginning balance of allowance for loan losses	10,398	3,712	4,875
Impact of CECL adoption			3,521
Provision charged to expense	(576)	1,035	1,536	1,195
Losses charged off	(68)	(133)	(178)	(305)
Recoveries	1		1	18
Ending balance of allowance for loan losses	9,755	4,614	9,755	4,614	4,875
Ending Balance: individually evaluated for impairment					0
Ending Balance: collectively evaluated for impairment		4,614		4,614	4,875
Ending Balance: loans acquired with deteriorated credit quality					0
Ending Balance: individually evaluated for impairment					0
Ending Balance: collectively evaluated for impairment					626,085
Ending Balance: loans acquired with deteriorated credit quality					1,272
Residential real estate loans | Prior to adoption of CECL
Beginning balance of allowance for loan losses			4,875	3,706	3,706
Ending balance of allowance for loan losses					4,875
Commercial Real Estate
Beginning balance of allowance for loan losses	15,239	9,827	12,132
Impact of CECL adoption			3,856
Provision charged to expense	2,070	1,727	1,319	2,140
Losses charged off	(91)	(12)	(90)	(12)
Recoveries			1	15
Ending balance of allowance for loan losses	$ 17,218	11,542	17,218	11,542	12,132
Ending Balance: individually evaluated for impairment					0
Ending Balance: collectively evaluated for impairment		$ 11,542		11,542	12,132
Ending Balance: loans acquired with deteriorated credit quality					0
Ending Balance: individually evaluated for impairment					0
Ending Balance: collectively evaluated for impairment					872,716
Ending Balance: loans acquired with deteriorated credit quality					14,703
Commercial Real Estate | Prior to adoption of CECL
Beginning balance of allowance for loan losses			$ 12,132	$ 9,399	9,399
Ending balance of allowance for loan losses					$ 12,132

Loans and Allowance for Credi_7

Loans and Allowance for Credit Losses - Financing receivable credit quality indicators (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2018	Mar. 31, 2017
Purchase Credit Deteriorated | Pass | Consumer Loan
Financing Receivable Credit Quality Indicators	$ 17,990	$ 10,989	$ 4,580	$ 1,584	$ 797
Purchase Credit Deteriorated | Pass | Commercial Loan
Financing Receivable Credit Quality Indicators	152,172	94,604	21,289	8,517	7,831
Purchase Credit Deteriorated | Pass | Construction Real Estate
Financing Receivable Credit Quality Indicators	73,397	42,331	6,998
Purchase Credit Deteriorated | Watch | Consumer Loan
Financing Receivable Credit Quality Indicators	83
Purchase Credit Deteriorated | Watch | Commercial Loan
Financing Receivable Credit Quality Indicators	1,284	274	1,791	139
Purchase Credit Deteriorated | Substandard | Consumer Loan
Financing Receivable Credit Quality Indicators		26		36	32
Purchase Credit Deteriorated | Substandard | Commercial Loan
Financing Receivable Credit Quality Indicators	449	1,109	321	1	176
Purchase Credit Deteriorated | Substandard | Construction Real Estate
Financing Receivable Credit Quality Indicators	16
Purchase Credit Deteriorated | Residential real estate loans | Pass
Financing Receivable Credit Quality Indicators	247,325	198,404	39,207	36,547	27,142
Purchase Credit Deteriorated | Residential real estate loans | Watch
Financing Receivable Credit Quality Indicators	125	71	10,994		93
Purchase Credit Deteriorated | Residential real estate loans | Substandard
Financing Receivable Credit Quality Indicators	4,652	48	17	52
Purchase Credit Deteriorated | Commercial Real Estate | Pass
Financing Receivable Credit Quality Indicators	264,035	174,218	109,116	105,165	76,865
Purchase Credit Deteriorated | Commercial Real Estate | Watch
Financing Receivable Credit Quality Indicators	4,271	813	10,740	5,393	530
Purchase Credit Deteriorated | Commercial Real Estate | Special Mention
Financing Receivable Credit Quality Indicators		8,806		1,793	12,826
Purchase Credit Deteriorated | Commercial Real Estate | Substandard
Financing Receivable Credit Quality Indicators	8,713	1,162	506	6	50
Purchase Credit Deteriorated | Commercial Real Estate | Doubtful
Financing Receivable Credit Quality Indicators			857
Purchase Credit Deteriorated | Prior to 2017 | Pass | Consumer Loan
Financing Receivable Credit Quality Indicators	689
Purchase Credit Deteriorated | Prior to 2017 | Pass | Commercial Loan
Financing Receivable Credit Quality Indicators	9,686
Purchase Credit Deteriorated | Prior to 2017 | Watch | Commercial Loan
Financing Receivable Credit Quality Indicators	7
Purchase Credit Deteriorated | Prior to 2017 | Substandard | Commercial Loan
Financing Receivable Credit Quality Indicators	4
Purchase Credit Deteriorated | Prior to 2017 | Residential real estate loans | Pass
Financing Receivable Credit Quality Indicators	84,507
Purchase Credit Deteriorated | Prior to 2017 | Residential real estate loans | Watch
Financing Receivable Credit Quality Indicators	817
Purchase Credit Deteriorated | Prior to 2017 | Residential real estate loans | Substandard
Financing Receivable Credit Quality Indicators	414
Purchase Credit Deteriorated | Prior to 2017 | Commercial Real Estate | Pass
Financing Receivable Credit Quality Indicators	84,000
Purchase Credit Deteriorated | Prior to 2017 | Commercial Real Estate | Watch
Financing Receivable Credit Quality Indicators	460
Purchase Credit Deteriorated | Prior to 2017 | Commercial Real Estate | Substandard
Financing Receivable Credit Quality Indicators	101
Purchase Credit Deteriorated | Revolving Credit Facility | Pass | Consumer Loan
Financing Receivable Credit Quality Indicators	39,459
Purchase Credit Deteriorated | Revolving Credit Facility | Pass | Commercial Loan
Financing Receivable Credit Quality Indicators	118,221
Purchase Credit Deteriorated | Revolving Credit Facility | Watch | Consumer Loan
Financing Receivable Credit Quality Indicators	48
Purchase Credit Deteriorated | Revolving Credit Facility | Watch | Commercial Loan
Financing Receivable Credit Quality Indicators	1,991
Purchase Credit Deteriorated | Revolving Credit Facility | Substandard | Consumer Loan
Financing Receivable Credit Quality Indicators	34
Purchase Credit Deteriorated | Revolving Credit Facility | Substandard | Commercial Loan
Financing Receivable Credit Quality Indicators	1,959
Purchase Credit Deteriorated | Revolving Credit Facility | Residential real estate loans | Pass
Financing Receivable Credit Quality Indicators	5,385
Purchase Credit Deteriorated | Revolving Credit Facility | Commercial Real Estate | Pass
Financing Receivable Credit Quality Indicators	25,836
Purchase Credit Deteriorated | Revolving Credit Facility | Commercial Real Estate | Watch
Financing Receivable Credit Quality Indicators	819
Purchase Credit Deteriorated | Revolving Credit Facility | Commercial Real Estate | Special Mention
Financing Receivable Credit Quality Indicators	300
Purchase Credit Deteriorated | Revolving Credit Facility | Commercial Real Estate | Substandard
Financing Receivable Credit Quality Indicators	69
Purchase Credit Deteriorated | Total Credit Quality Indicator for Years | Pass | Consumer Loan
Financing Receivable Credit Quality Indicators	76,088
Purchase Credit Deteriorated | Total Credit Quality Indicator for Years | Pass | Commercial Loan
Financing Receivable Credit Quality Indicators	412,320
Purchase Credit Deteriorated | Total Credit Quality Indicator for Years | Pass | Construction Real Estate
Financing Receivable Credit Quality Indicators	122,726
Purchase Credit Deteriorated | Total Credit Quality Indicator for Years | Watch | Consumer Loan
Financing Receivable Credit Quality Indicators	131
Purchase Credit Deteriorated | Total Credit Quality Indicator for Years | Watch | Commercial Loan
Financing Receivable Credit Quality Indicators	5,486
Purchase Credit Deteriorated | Total Credit Quality Indicator for Years | Substandard | Consumer Loan
Financing Receivable Credit Quality Indicators	128
Purchase Credit Deteriorated | Total Credit Quality Indicator for Years | Substandard | Commercial Loan
Financing Receivable Credit Quality Indicators	4,019
Purchase Credit Deteriorated | Total Credit Quality Indicator for Years | Substandard | Construction Real Estate
Financing Receivable Credit Quality Indicators	16
Purchase Credit Deteriorated | Total Credit Quality Indicator for Years | Residential real estate loans | Pass
Financing Receivable Credit Quality Indicators	638,517
Purchase Credit Deteriorated | Total Credit Quality Indicator for Years | Residential real estate loans | Watch
Financing Receivable Credit Quality Indicators	12,100
Purchase Credit Deteriorated | Total Credit Quality Indicator for Years | Residential real estate loans | Substandard
Financing Receivable Credit Quality Indicators	5,183
Purchase Credit Deteriorated | Total Credit Quality Indicator for Years | Commercial Real Estate | Pass
Financing Receivable Credit Quality Indicators	839,235
Purchase Credit Deteriorated | Total Credit Quality Indicator for Years | Commercial Real Estate | Watch
Financing Receivable Credit Quality Indicators	23,026
Purchase Credit Deteriorated | Total Credit Quality Indicator for Years | Commercial Real Estate | Special Mention
Financing Receivable Credit Quality Indicators	23,725
Purchase Credit Deteriorated | Total Credit Quality Indicator for Years | Commercial Real Estate | Substandard
Financing Receivable Credit Quality Indicators	10,607
Purchase Credit Deteriorated | Total Credit Quality Indicator for Years | Commercial Real Estate | Doubtful
Financing Receivable Credit Quality Indicators	857
Total Loans
Financing Receivable Credit Quality Indicators	774,512	532,855	206,416	159,233	126,342
Total Loans | Consumer Loan
Financing Receivable Credit Quality Indicators	18,073	11,015	4,580	1,620	829
Total Loans | Commercial Loan
Financing Receivable Credit Quality Indicators	153,905	95,987	23,401	8,657	8,007
Total Loans | Construction Real Estate
Financing Receivable Credit Quality Indicators	73,413	42,331	6,998
Total Loans | Pass
Financing Receivable Credit Quality Indicators	754,919	520,546	181,190	151,813	112,635
Total Loans | Watch
Financing Receivable Credit Quality Indicators	5,763	1,158	23,525	5,532	623
Total Loans | Special Mention
Financing Receivable Credit Quality Indicators		8,806		1,793	12,826
Total Loans | Substandard
Financing Receivable Credit Quality Indicators	13,830	2,345	844	95	258
Total Loans | Doubtful
Financing Receivable Credit Quality Indicators			857
Total Loans | Residential real estate loans
Financing Receivable Credit Quality Indicators	252,102	198,523	50,218	36,599	27,235
Total Loans | Commercial Real Estate
Financing Receivable Credit Quality Indicators	277,019	$ 184,999	$ 121,219	$ 112,357	$ 90,271
Total Loans | Prior to 2017
Financing Receivable Credit Quality Indicators	180,685
Total Loans | Prior to 2017 | Consumer Loan
Financing Receivable Credit Quality Indicators	689
Total Loans | Prior to 2017 | Commercial Loan
Financing Receivable Credit Quality Indicators	9,697
Total Loans | Prior to 2017 | Pass
Financing Receivable Credit Quality Indicators	178,882
Total Loans | Prior to 2017 | Watch
Financing Receivable Credit Quality Indicators	1,284
Total Loans | Prior to 2017 | Substandard
Financing Receivable Credit Quality Indicators	519
Total Loans | Prior to 2017 | Residential real estate loans
Financing Receivable Credit Quality Indicators	85,738
Total Loans | Prior to 2017 | Commercial Real Estate
Financing Receivable Credit Quality Indicators	84,561
Total Loans | Revolving Credit Facility
Financing Receivable Credit Quality Indicators	194,121
Total Loans | Revolving Credit Facility | Consumer Loan
Financing Receivable Credit Quality Indicators	39,541
Total Loans | Revolving Credit Facility | Commercial Loan
Financing Receivable Credit Quality Indicators	122,171
Total Loans | Revolving Credit Facility | Pass
Financing Receivable Credit Quality Indicators	188,901
Total Loans | Revolving Credit Facility | Watch
Financing Receivable Credit Quality Indicators	2,858
Total Loans | Revolving Credit Facility | Special Mention
Financing Receivable Credit Quality Indicators	300
Total Loans | Revolving Credit Facility | Substandard
Financing Receivable Credit Quality Indicators	2,062
Total Loans | Revolving Credit Facility | Residential real estate loans
Financing Receivable Credit Quality Indicators	5,385
Total Loans | Revolving Credit Facility | Commercial Real Estate
Financing Receivable Credit Quality Indicators	27,024
Total Loans | Total Credit Quality Indicator for Years
Financing Receivable Credit Quality Indicators	2,174,164
Total Loans | Total Credit Quality Indicator for Years | Consumer Loan
Financing Receivable Credit Quality Indicators	76,347
Total Loans | Total Credit Quality Indicator for Years | Commercial Loan
Financing Receivable Credit Quality Indicators	421,825
Total Loans | Total Credit Quality Indicator for Years | Construction Real Estate
Financing Receivable Credit Quality Indicators	122,742
Total Loans | Total Credit Quality Indicator for Years | Pass
Financing Receivable Credit Quality Indicators	2,088,886
Total Loans | Total Credit Quality Indicator for Years | Watch
Financing Receivable Credit Quality Indicators	40,743
Total Loans | Total Credit Quality Indicator for Years | Special Mention
Financing Receivable Credit Quality Indicators	23,725
Total Loans | Total Credit Quality Indicator for Years | Substandard
Financing Receivable Credit Quality Indicators	19,953
Total Loans | Total Credit Quality Indicator for Years | Doubtful
Financing Receivable Credit Quality Indicators	857
Total Loans | Total Credit Quality Indicator for Years | Residential real estate loans
Financing Receivable Credit Quality Indicators	655,800
Total Loans | Total Credit Quality Indicator for Years | Commercial Real Estate
Financing Receivable Credit Quality Indicators	$ 897,450

Loans and Allowance for Credi_8

Loans and Allowance for Credit Losses - PCD loans credit quality indicators (Details) $ in Thousands	Mar. 31, 2021USD ($)
Pass
Purchased Credit Deteriorated Loans	$ 3,200
Watch
Purchased Credit Deteriorated Loans	9,000
Special Mention
Purchased Credit Deteriorated Loans	0
Substandard
Purchased Credit Deteriorated Loans	3,700
Doubtful
Purchased Credit Deteriorated Loans	$ 0

Loans and Allowance for Credi_9

Loans and Allowance for Credit Losses - Credit risk profile (Details) - Purchase Credit Impaired $ in Thousands	Jun. 30, 2020USD ($)
Consumer Loan | Pass
Credit Risk Profile	$ 80,517
Consumer Loan | Watch
Credit Risk Profile	45
Consumer Loan | Special Mention
Credit Risk Profile	25
Consumer Loan | Substandard
Credit Risk Profile	180
Consumer Loan | Doubtful
Credit Risk Profile	0
Consumer Loan | Total by Credit Quality Indicator
Credit Risk Profile	80,767
Commercial Loan | Pass
Credit Risk Profile	457,385
Commercial Loan | Watch
Credit Risk Profile	4,708
Commercial Loan | Special Mention
Credit Risk Profile	0
Commercial Loan | Substandard
Credit Risk Profile	6,355
Commercial Loan | Doubtful
Credit Risk Profile	0
Commercial Loan | Total by Credit Quality Indicator
Credit Risk Profile	468,448
Construction Real Estate | Pass
Credit Risk Profile	103,105
Construction Real Estate | Watch
Credit Risk Profile	4,367
Construction Real Estate | Special Mention
Credit Risk Profile	0
Construction Real Estate | Substandard
Credit Risk Profile	0
Construction Real Estate | Doubtful
Credit Risk Profile	0
Construction Real Estate | Total by Credit Quality Indicator
Credit Risk Profile	107,472
Residential real estate loans | Pass
Credit Risk Profile	620,004
Residential real estate loans | Watch
Credit Risk Profile	1,900
Residential real estate loans | Special Mention
Credit Risk Profile	0
Residential real estate loans | Substandard
Credit Risk Profile	5,453
Residential real estate loans | Doubtful
Credit Risk Profile	0
Residential real estate loans | Total by Credit Quality Indicator
Credit Risk Profile	627,357
Commercial Real Estate | Pass
Credit Risk Profile	829,276
Commercial Real Estate | Watch
Credit Risk Profile	45,262
Commercial Real Estate | Special Mention
Credit Risk Profile	403
Commercial Real Estate | Substandard
Credit Risk Profile	11,590
Commercial Real Estate | Doubtful
Credit Risk Profile	888
Commercial Real Estate | Total by Credit Quality Indicator
Credit Risk Profile	$ 887,419

Loans and Allowance for Cred_10

Loans and Allowance for Credit Losses - PCI loans credit quality indicators (Details) $ in Thousands	Jun. 30, 2020USD ($)
Pass
Purchased Credit Impaired Loans	$ 5,900
Watch
Purchased Credit Impaired Loans	10,300
Special Mention
Purchased Credit Impaired Loans	0
Substandard
Purchased Credit Impaired Loans	5,600
Doubtful
Purchased Credit Impaired Loans	$ 0

Loans and Allowance for Cred_11

Loans and Allowance for Credit Losses - Schedule of loan portfolio aging analysis (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Jun. 30, 2020
Financing Receivables Past Due
Financing Receivable Recorded Investment	$ 4,304	$ 6,393
Financing Receivables Past Due | Consumer Loan
Financing Receivable Recorded Investment	469	426
Financing Receivables Past Due | Commercial Loan
Financing Receivable Recorded Investment	520	2,122
Financing Receivables Past Due | Residential real estate loans
Financing Receivable Recorded Investment	1,575	1,804
Financing Receivables Past Due | Commercial Real Estate
Financing Receivable Recorded Investment	1,740	2,041
Loans Receivable
Financing Receivable Recorded Investment		2,171,463
Loans Receivable | Consumer Loan
Financing Receivable Recorded Investment	76,347	80,767
Loans Receivable | Commercial Loan
Financing Receivable Recorded Investment	421,825	468,448
Loans Receivable | Construction Real Estate
Financing Receivable Recorded Investment	122,742	107,472
Loans Receivable | Residential real estate loans
Financing Receivable Recorded Investment	655,800	627,357
Loans Receivable | Commercial Real Estate
Financing Receivable Recorded Investment	897,450	887,419
Total Loans
Financing Receivable Recorded Investment	2,174,164
Financial Asset, 30 to 59 Days Past Due
Financing Receivable Recorded Investment		1,686
Financial Asset, 30 to 59 Days Past Due | Consumer Loan
Financing Receivable Recorded Investment	322	180
Financial Asset, 30 to 59 Days Past Due | Commercial Loan
Financing Receivable Recorded Investment	333	93
Financial Asset, 30 to 59 Days Past Due | Residential real estate loans
Financing Receivable Recorded Investment	1,270	772
Financial Asset, 30 to 59 Days Past Due | Commercial Real Estate
Financing Receivable Recorded Investment	1,329	641
Financial Asset, 30 to 59 Days Past Due | Total Loans
Financing Receivable Recorded Investment	3,254
Financial Asset, 60 to 89 Days Past Due
Financing Receivable Recorded Investment		1,977
Financial Asset, 60 to 89 Days Past Due | Consumer Loan
Financing Receivable Recorded Investment	52	53
Financial Asset, 60 to 89 Days Past Due | Commercial Loan
Financing Receivable Recorded Investment	39	1,219
Financial Asset, 60 to 89 Days Past Due | Residential real estate loans
Financing Receivable Recorded Investment		378
Financial Asset, 60 to 89 Days Past Due | Commercial Real Estate
Financing Receivable Recorded Investment	12	327
Financial Asset, 60 to 89 Days Past Due | Total Loans
Financing Receivable Recorded Investment	103
Financial Asset, Greater than 90 Days Past Due
Financing Receivable Recorded Investment		2,730
Financial Asset, Greater than 90 Days Past Due | Consumer Loan
Financing Receivable Recorded Investment	95	193
Financial Asset, Greater than 90 Days Past Due | Commercial Loan
Financing Receivable Recorded Investment	148	810
Financial Asset, Greater than 90 Days Past Due | Residential real estate loans
Financing Receivable Recorded Investment	305	654
Financial Asset, Greater than 90 Days Past Due | Commercial Real Estate
Financing Receivable Recorded Investment	399	1,073
Financial Asset, Greater than 90 Days Past Due | Total Loans
Financing Receivable Recorded Investment	947
Financing Receivables, Current
Financing Receivable Recorded Investment		2,165,070
Financing Receivables, Current | Consumer Loan
Financing Receivable Recorded Investment	75,878	80,341
Financing Receivables, Current | Commercial Loan
Financing Receivable Recorded Investment	421,305	466,326
Financing Receivables, Current | Construction Real Estate
Financing Receivable Recorded Investment	122,742	107,472
Financing Receivables, Current | Residential real estate loans
Financing Receivable Recorded Investment	654,225	625,553
Financing Receivables, Current | Commercial Real Estate
Financing Receivable Recorded Investment	895,710	$ 885,378
Financing Receivables, Current | Total Loans
Financing Receivable Recorded Investment	$ 2,169,860

Loans and Allowance for Cred_12

Loans and Allowance for Credit Losses - CARES Act (Details) - COVID-19 - USD ($)	9 Months Ended	12 Months Ended
	Mar. 31, 2021	Jun. 30, 2020
Financing Receivables, Current
Temporarily suspended loans	$ 40,400,000	$ 380,100,000
Financial Asset, 30 to 59 Days Past Due | Residential real estate loans
Temporarily suspended loans		1,000
Financial Asset, 30 to 59 Days Past Due | Consumer Loan
Temporarily suspended loans		29,000
Financial Asset, 60 to 89 Days Past Due | Commercial Loan
Temporarily suspended loans		$ 66,000

Loans and Allowance for Cred_13

Loans and Allowance for Credit Losses - Collateral dependent loans and related ACL (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Jun. 30, 2020
Related allowance for credit losses	$ 35,227	$ 25,139
Residential
Related allowance for credit losses		$ 4,875
Residential | Collateral-dependent Loans
Amortized cost	904
Related allowance for credit losses	232
1- to 4-family residential loans | Collateral-dependent Loans
Amortized cost	904
Related allowance for credit losses	$ 232

Loans and Allowance for Cred_14

Loans and Allowance for Credit Losses - Impaired Loans (Details) $ in Thousands	12 Months Ended
	Jun. 30, 2020USD ($)
PCI loans	$ 21,800
Commercial Loan
Impaired Financing Receivable, with No Related Allowance, Recorded Investment	5,040
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance	6,065
Impaired Financing Receivable With and Without Related Allowance Recorded Investment	5,040
Impaired Financial Receivable With and Without Related Allowance Unpaid Principal Balance	6,065
Construction Real Estate
Impaired Financing Receivable, with No Related Allowance, Recorded Investment	1,277
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance	1,312
Impaired Financing Receivable With and Without Related Allowance Recorded Investment	1,277
Impaired Financial Receivable With and Without Related Allowance Unpaid Principal Balance	1,312
Residential real estate loans
Impaired Financing Receivable, with No Related Allowance, Recorded Investment	3,811
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance	4,047
Impaired Financing Receivable With and Without Related Allowance Recorded Investment	3,811
Impaired Financial Receivable With and Without Related Allowance Unpaid Principal Balance	4,047
Commercial Real Estate
Impaired Financing Receivable, with No Related Allowance, Recorded Investment	19,271
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance	23,676
Impaired Financing Receivable With and Without Related Allowance Recorded Investment	19,271
Impaired Financial Receivable With and Without Related Allowance Unpaid Principal Balance	$ 23,676

Loans and Allowance for Cred_15

Loans and Allowance for Credit Losses - Regarding interest income recognized on impaired loans (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Mar. 31, 2020	Mar. 31, 2020
Interest income recorded for impaired loans that represented a change in the present value of cash flows attributable to the passage of time	$ 47	$ 210
Total Loans
Impaired Financing Receivable, Average Recorded Investment	23,855	25,185
Impaired Financing Receivable Interest Income Recognized	476	1,494
Commercial Loan
Impaired Financing Receivable, Average Recorded Investment	5,909	5,860
Impaired Financing Receivable Interest Income Recognized	115	329
Construction Real Estate
Impaired Financing Receivable, Average Recorded Investment	1,292	1,299
Impaired Financing Receivable Interest Income Recognized	30	114
Residential real estate loans
Impaired Financing Receivable, Average Recorded Investment	1,288	1,482
Impaired Financing Receivable Interest Income Recognized	22	67
Commercial Real Estate
Impaired Financing Receivable, Average Recorded Investment	15,366	16,544
Impaired Financing Receivable Interest Income Recognized	$ 309	$ 984

Loans and Allowance for Cred_16

Loans and Allowance for Credit Losses - Schedule of financing receivables, Nonaccrual loans (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Jun. 30, 2020
Total loans	$ 6,756	$ 8,657
Consumer Loan
Total loans	181	196
Commercial Loan
Total loans	616	1,345
Construction Real Estate
Total loans	0	0
Residential real estate loans
Total loans	3,463	4,010
Commercial Real Estate
Total loans	$ 2,496	$ 3,106

Loans and Allowance for Cred_17

Loans and Allowance for Credit Losses - Schedule of Debtor Troubled Debt Restructuring, Current Period (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2021USD ($)loan	Mar. 31, 2020USD ($)loan	Mar. 31, 2021USD ($)loan	Mar. 31, 2020USD ($)loan
Total Loans
Number of modifications | loan	0	0	4	0
Recorded investment | $	$ 0	$ 0	$ 1,814	$ 0
Consumer Loan
Number of modifications | loan	0	0	0	0
Recorded investment | $	$ 0	$ 0	$ 0	$ 0
Commercial Loan
Number of modifications | loan	0	0	1	0
Recorded investment | $	$ 0	$ 0	$ 29	$ 0
Construction Real Estate
Number of modifications | loan	0	0	0	0
Recorded investment | $	$ 0	$ 0	$ 0	$ 0
Residential real estate loans
Number of modifications | loan	0	0	1	0
Recorded investment | $	$ 0	$ 0	$ 93	$ 0
Commercial Real Estate
Number of modifications | loan	0	0	2	0
Recorded investment | $	$ 0	$ 0	$ 1,692	$ 0

Loans and Allowance for Cred_18

Loans and Allowance for Credit Losses - Performing Loans Classified as Troubled Debt Restructuring Loans (Details) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Mar. 31, 2021loan	Mar. 31, 2020loan	Mar. 31, 2021USD ($)loan	Mar. 31, 2020loan	Jun. 30, 2020USD ($)loan
Consumer Loan
Number of modifications	0	0	0	0
Commercial Loan
Number of modifications	0	0	1	0
Construction Real Estate
Number of modifications	0	0	0	0
Residential real estate loans
Number of modifications	0	0	1	0
Commercial Real Estate
Number of modifications	0	0	2	0
Performing Loans
Number of modifications			18		20
Recorded Investment | $			$ 7,093
Recorded Investment | $					$ 8,580
Performing Loans | Commercial Loan
Number of modifications			8		7
Recorded Investment | $			$ 2,678
Recorded Investment | $					$ 3,245
Performing Loans | Residential real estate loans
Number of modifications			3		3
Recorded Investment | $			$ 1,014
Recorded Investment | $					$ 791
Performing Loans | Commercial Real Estate
Number of modifications			7		10
Recorded Investment | $			$ 3,401
Recorded Investment | $					$ 4,544
Total Loans
Number of modifications	0	0	4	0

Loans and Allowance for Cred_19

Loans and Allowance for Credit Losses - Residential Real Estate Foreclosures and Purchased Credit Deteriorated Loans (Details) - USD ($)	3 Months Ended		9 Months Ended		12 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2021	Mar. 31, 2020	Jun. 30, 2020
Loans and Allowance for Credit Losses
Foreclosed residential real estate properties physical possession	$ 775,000		$ 775,000		$ 563,000
Residential mortgage loans and home equity loans formal foreclosure proceedings in process	261,000		261,000		435,000
PCI loans					$ 21,800,000
ACL			434,000
PCD loans receivable, net of ACL			15,900,000
ALLL or ACL by a charge to the income statement related to PCI or PCD loans	0	$ 0	0	$ 0
ACL reversed	$ 0	$ 0	$ 209,000	$ 0

Premises and Equipment - Summar

Premises and Equipment - Summary of premises and equipment (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Jun. 30, 2020
Premises and Equipment
Land	$ 12,480	$ 12,585
Buildings and improvements	56,937	56,039
Construction in progress	173	435
Furniture, fixtures, equipment and software	18,730	18,109
Automobiles	120	120
Operating leases ROU asset	2,507	1,965
Premises and equipment, gross	90,947	89,253
Less accumulated depreciation	27,039	24,147
Premises and equipment, net	$ 63,908	$ 65,106

Premises and Equipment - Leases

Premises and Equipment - Leases (Details)	9 Months Ended
	Mar. 31, 2021property
Number of lease properties	5
Discount rate, lease	5.00%
Minimum
Expected lease terms range	18 months
Maximum
Expected lease terms range	20 years

Premises and Equipment - Calcul

Premises and Equipment - Calculated amount of right of use assets and lease liabilities (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2021	Mar. 31, 2020	Jun. 30, 2020
ROU assets obtained in exchange for operating lease obligations:			$ 599	$ 1,996
Consolidated Balance Sheet
Operating leases right of use asset	$ 2,507		2,507		$ 1,965
Operating leases liability	2,507		2,507		$ 1,965
Consolidated Statement of Income
Operating lease costs classified as occupancy and equipment expense	107	$ 45	242	153
Supplemental disclosures of cash flow information
ROU assets obtained in exchange for operating lease obligations:	599		599	2,004
Supplemental disclosures of cash flow information | Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$ 80	$ 39	$ 205	$ 116

Premises and Equipment - Future

Premises and Equipment - Future expected lease payments for leases (Details) $ in Thousands	Mar. 31, 2021USD ($)
Premises and Equipment
2021	$ 76
2022	279
2023	279
2024	279
2025	279
Thereafter	3,126
Future lease payments expected	$ 4,318

Premises and Equipment - Lessor

Premises and Equipment - Lessor Agreements (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2021	Mar. 31, 2020
Premises and Equipment
Income recognized from lessor agreements	$ 82,000	$ 80,000	$ 238,000	$ 242,000

Deposits (Details)

Deposits (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Jun. 30, 2020
Deposits
Non-interest bearing accounts	$ 387,416	$ 316,048
NOW accounts	926,488	781,937
Money market deposit accounts	241,933	231,162
Savings accounts	220,025	181,229
Certificates	592,899	674,471
Total Deposit Accounts	$ 2,368,761	$ 2,184,847

Earnings Per Share - Schedule o

Earnings Per Share - Schedule of computation of basic and diluted earnings per share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2021	Mar. 31, 2020
Earnings Per Share
Net income	$ 11,458	$ 5,099	$ 33,491	$ 20,644
Less: distributed earnings allocated to participating securities	(5)		(13)
Less: undistributed earnings allocated to participating securities	(35)		(91)
Net income available to common shareholders	$ 11,418	$ 5,099	$ 33,387	$ 20,644
Weighted-average common shares outstanding, including participating securities	9,004,034	9,197,370	9,073,545	9,210,559
Less: weighted-average participating securities outstanding (restricted shares)	(31,845)		(28,172)
Weighted-average basic common shares outstanding	8,972,189	9,197,370	9,045,373	9,210,559
Add: effect of dilutive securities, stock options, and awards	4,026	7,422	2,579	10,848
Denominator for diluted earnings per share	8,976,215	9,204,792	9,047,952	9,221,407
Basic earnings per share available to common stockholders	$ 1.27	$ 0.55	$ 3.69	$ 2.24
Diluted earnings per share available to common stockholders	$ 1.27	$ 0.55	$ 3.69	$ 2.24

Earnings Per Share - Additional

Earnings Per Share - Additional information (Details) - shares	3 Months Ended		9 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2021	Mar. 31, 2020
Option
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from the computation of diluted earnings per share	86,900	50,500	86,900	50,500
Restricted Stock
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from the computation of diluted earnings per share	110,845	33,000	110,845	33,000

Income Taxes - Income tax provi

Income Taxes - Income tax provision (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2021	Mar. 31, 2020
Income Taxes
Current	$ 3,552	$ 1,116	$ 11,441	$ 5,007
Deferred	(456)	13	(2,445)	19
Total income tax provision	$ 3,096	$ 1,129	$ 8,996	$ 5,026

Income Taxes - Schedule of net

Income Taxes - Schedule of net deferred tax assets (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Jun. 30, 2020
Income Taxes
Provision for losses on loans	$ 8,185	$ 5,802
Accrued compensation and benefits	722	825
NOL carry forwards acquired	155	149
Minimum Tax Credit	0	130
Unrealized loss on other real estate	180	257
Other	312	26
Total deferred tax assets	9,554	7,189
Purchase accounting adjustments	191	64
Depreciation	1,494	1,665
FHLB stock dividends	120	120
Prepaid expenses	326	259
Unrealized gain on available for sale securities	686	1,265
Other	0	104
Total deferred tax liabilities	2,817	3,477
Net deferred tax assets	$ 6,737	$ 3,712

Income Taxes - Reconciliation o

Income Taxes - Reconciliation of income tax expense (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2021	Mar. 31, 2020
Tax at statutory rate	$ 3,056	$ 1,308	$ 8,922	$ 5,391
Other, net	1	(24)	15	(67)
Actual provision	3,096	1,129	8,996	5,026
Increase (reduction) in taxes
Nontaxable municipal income	(117)	(109)	(327)	(335)
State tax, net of Federal benefit	215	27	717	223
Cash surrender value of Bank-owned life insurance	(57)	(52)	(320)	(159)
Tax credit benefits	$ (2)	$ (21)	$ (11)	$ (27)

Income Taxes - Additional infor

Income Taxes - Additional information (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2021	Mar. 31, 2020
Income Taxes
Interest or penalties related to income taxes			$ 0
Federal net operating loss carryforwards			706
State net operating loss carryforwards			$ 0
Effective tax rate (as a percent)	21.00%	21.00%	21.00%	21.00%

401(k) Retirement Plan (Details

401(k) Retirement Plan (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2021	Mar. 31, 2020
Defined Contribution Plan Disclosure [Line Items]
Retirement plan expenses	$ 416	$ 391	$ 1,300	$ 1,100
Vesting period			5 years
Maximum
Defined Contribution Plan Disclosure [Line Items]
Matching contribution (in percent)			4.00%

Subordinated Debt (Details)

Subordinated Debt (Details) - USD ($) $ in Thousands	1 Months Ended			9 Months Ended	12 Months Ended
	Aug. 31, 2014	Oct. 31, 2013	Mar. 31, 2004	Mar. 31, 2021	Jun. 30, 2020
Subordinated debt				$ 15,218	$ 15,142
Prepaid Expenses and Other Current Assets [Member]
Investment, face amount				505,000
Investment, carrying value				457,000
Trust Preferred Securities
Subordinated debt				$ 7,200	7,200
Redeemable term (in years)			5 years
Interest rate (as a percent)				2.93%
Ozarks Legacy Community Financial, Inc
Interest rate (as a percent)				2.63%
Floating rate		$ 3,100
Ozarks Legacy Community Financial, Inc | Reported Value Measurement
Floating rate				$ 2,700	2,700
Peoples Service Company, Inc
Interest rate (as a percent)				1.98%
Floating rate	$ 6,500
Peoples Service Company, Inc | Reported Value Measurement
Floating rate				$ 5,300	$ 5,300

Fair Value Measurements - Fair

Fair Value Measurements - Fair value on a recurring basis (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Jun. 30, 2020
State and political subdivisions
Fair value measurement, recurring basis	$ 43,292	$ 41,988
Other securities
Fair value measurement, recurring basis	20,837	7,624
Mortgage-backed securities
Fair value measurement, recurring basis	126,280	126,912
Fair Value, Inputs, Level 1 | State and political subdivisions
Fair value measurement, recurring basis	0	0
Fair Value, Inputs, Level 1 | Other securities
Fair value measurement, recurring basis	0	0
Fair Value, Inputs, Level 1 | Mortgage-backed securities
Fair value measurement, recurring basis	0	0
Fair Value, Inputs, Level 2 | State and political subdivisions
Fair value measurement, recurring basis	43,292	41,988
Fair Value, Inputs, Level 2 | Other securities
Fair value measurement, recurring basis	20,837	7,624
Fair Value, Inputs, Level 2 | Mortgage-backed securities
Fair value measurement, recurring basis	126,280	126,912
Fair Value, Inputs, Level 3 | State and political subdivisions
Fair value measurement, recurring basis	0	0
Fair Value, Inputs, Level 3 | Other securities
Fair value measurement, recurring basis	0	0
Fair Value, Inputs, Level 3 | Mortgage-backed securities
Fair value measurement, recurring basis	$ 0	$ 0

Fair Value Measurements - Fai_2

Fair Value Measurements - Fair value on a nonrecurring basis (Details) - Foreclosed and repossessed assets held for sale - USD ($) $ in Thousands	Mar. 31, 2021	Jun. 30, 2020
Fair value measurement, non-recurring basis	$ 689	$ 2,211
Fair Value, Inputs, Level 1
Fair value measurement, non-recurring basis	0	0
Fair Value, Inputs, Level 2
Fair value measurement, non-recurring basis	0	0
Fair Value, Inputs, Level 3
Fair value measurement, non-recurring basis	$ 689	$ 2,211

Fair Value Measurements - Losse

Fair Value Measurements - Losses recognized on assets measured on a non-recurring basis (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Mar. 31, 2020	Mar. 31, 2021
Foreclosed and repossessed assets held for sale
Gains (losses) on assets measured on a non-recurring basis	$ (96)	$ (49)
Total losses on assets measured on a non-recurring basis
Gains (losses) on assets measured on a non-recurring basis	$ (96)	$ (49)

Fair Value Measurements - Unobs

Fair Value Measurements - Unobservable (Level 3) inputs (Details) - Fair Value, Inputs, Level 3 - Foreclosed and repossessed assets - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Mar. 31, 2021	Jun. 30, 2020
Fair Value Measurements Nonrecurring Unobservable Inputs	$ 689	$ 2,211
Third party appraisal
Fair Value Measurements Nonrecurring Valuation Technique	Third party appraisal	Third party appraisal
Third party appraisal | Marketability discount
Fair Value Measurements Nonrecurring Unobservable Inputs	Marketability discount	Marketability discount
Fair Value Measurements Nonrecurring Weighted Average Discount Applied	26.7	15.7
Third party appraisal | Marketability discount | Minimum
Fair Value Measurements Nonrecurring Range of discounts Applied	0.00%	8.00%
Third party appraisal | Marketability discount | Maximum
Fair Value Measurements Nonrecurring Range of discounts Applied	64.10%	56.90%

Fair Value Measurements - Sched

Fair Value Measurements - Schedule of financial instruments (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Jun. 30, 2020
Letter of Credit
Carrying amount of financial instruments	$ 0	$ 0
Line of Credit
Carrying amount of financial instruments	0	0
Financial liabilities | Subordinated Debt
Carrying amount of financial instruments	15,218	15,142
Financial liabilities | Federal Home Loan Bank Advances
Carrying amount of financial instruments	62,781	70,024
Financial assets | Loans Receivable
Carrying amount of financial instruments	2,134,885	2,141,929
Financial assets | Cash and Cash Equivalents
Carrying amount of financial instruments	236,896	54,245
Financial assets | Interest-bearing time deposits
Carrying amount of financial instruments	977	974
Financial assets | Investment in Federal Home Loan Bank Stock
Carrying amount of financial instruments	6,163	6,390
Financial assets | Investment in Stock of Federal Reserve Bank of St. Louis
Carrying amount of financial instruments	5,018	4,363
Financial assets | Accrued interest receivable
Carrying amount of financial instruments	10,030	12,116
Deposits | Financial liabilities
Carrying amount of financial instruments	2,368,761	2,184,847
Accrued interest payable | Financial liabilities
Carrying amount of financial instruments	918	1,646
Commitments to Extend Credit
Carrying amount of financial instruments	0	0
Fair Value, Inputs, Level 1 | Letter of Credit
Carrying amount of financial instruments	0	0
Fair Value, Inputs, Level 1 | Line of Credit
Carrying amount of financial instruments	0	0
Fair Value, Inputs, Level 1 | Financial liabilities | Subordinated Debt
Carrying amount of financial instruments	0	0
Fair Value, Inputs, Level 1 | Financial liabilities | Federal Home Loan Bank Advances
Carrying amount of financial instruments	0	0
Fair Value, Inputs, Level 1 | Financial assets | Loans Receivable
Carrying amount of financial instruments	0	0
Fair Value, Inputs, Level 1 | Financial assets | Cash and Cash Equivalents
Carrying amount of financial instruments	236,896	54,245
Fair Value, Inputs, Level 1 | Financial assets | Interest-bearing time deposits
Carrying amount of financial instruments	0	0
Fair Value, Inputs, Level 1 | Financial assets | Investment in Federal Home Loan Bank Stock
Carrying amount of financial instruments	0	0
Fair Value, Inputs, Level 1 | Financial assets | Investment in Stock of Federal Reserve Bank of St. Louis
Carrying amount of financial instruments	0	0
Fair Value, Inputs, Level 1 | Financial assets | Accrued interest receivable
Carrying amount of financial instruments	0	0
Fair Value, Inputs, Level 1 | Deposits | Financial liabilities
Carrying amount of financial instruments	1,775,862	1,508,740
Fair Value, Inputs, Level 1 | Accrued interest payable | Financial liabilities
Carrying amount of financial instruments	0	0
Fair Value, Inputs, Level 1 | Commitments to Extend Credit
Carrying amount of financial instruments	0	0
Fair Value, Inputs, Level 2 | Letter of Credit
Carrying amount of financial instruments	0	0
Fair Value, Inputs, Level 2 | Line of Credit
Carrying amount of financial instruments	0	0
Fair Value, Inputs, Level 2 | Financial liabilities | Subordinated Debt
Carrying amount of financial instruments	0	0
Fair Value, Inputs, Level 2 | Financial liabilities | Federal Home Loan Bank Advances
Carrying amount of financial instruments	64,088	72,136
Fair Value, Inputs, Level 2 | Financial assets | Loans Receivable
Carrying amount of financial instruments	0	0
Fair Value, Inputs, Level 2 | Financial assets | Cash and Cash Equivalents
Carrying amount of financial instruments	0	0
Fair Value, Inputs, Level 2 | Financial assets | Interest-bearing time deposits
Carrying amount of financial instruments	977	974
Fair Value, Inputs, Level 2 | Financial assets | Investment in Federal Home Loan Bank Stock
Carrying amount of financial instruments	6,163	6,390
Fair Value, Inputs, Level 2 | Financial assets | Investment in Stock of Federal Reserve Bank of St. Louis
Carrying amount of financial instruments	5,018	4,363
Fair Value, Inputs, Level 2 | Financial assets | Accrued interest receivable
Carrying amount of financial instruments	10,030	12,116
Fair Value, Inputs, Level 2 | Deposits | Financial liabilities
Carrying amount of financial instruments	0	0
Fair Value, Inputs, Level 2 | Accrued interest payable | Financial liabilities
Carrying amount of financial instruments	918	1,646
Fair Value, Inputs, Level 2 | Commitments to Extend Credit
Carrying amount of financial instruments	0	0
Fair Value, Inputs, Level 3 | Letter of Credit
Carrying amount of financial instruments	0	0
Fair Value, Inputs, Level 3 | Line of Credit
Carrying amount of financial instruments	0	0
Fair Value, Inputs, Level 3 | Financial liabilities | Subordinated Debt
Carrying amount of financial instruments	15,016	11,511
Fair Value, Inputs, Level 3 | Financial liabilities | Federal Home Loan Bank Advances
Carrying amount of financial instruments	0	0
Fair Value, Inputs, Level 3 | Financial assets | Loans Receivable
Carrying amount of financial instruments	2,156,852	2,143,823
Fair Value, Inputs, Level 3 | Financial assets | Cash and Cash Equivalents
Carrying amount of financial instruments	0	0
Fair Value, Inputs, Level 3 | Financial assets | Interest-bearing time deposits
Carrying amount of financial instruments	0	0
Fair Value, Inputs, Level 3 | Financial assets | Investment in Federal Home Loan Bank Stock
Carrying amount of financial instruments	0	0
Fair Value, Inputs, Level 3 | Financial assets | Investment in Stock of Federal Reserve Bank of St. Louis
Carrying amount of financial instruments	0	0
Fair Value, Inputs, Level 3 | Financial assets | Accrued interest receivable
Carrying amount of financial instruments	0	0
Fair Value, Inputs, Level 3 | Deposits | Financial liabilities
Carrying amount of financial instruments	595,978	676,816
Fair Value, Inputs, Level 3 | Accrued interest payable | Financial liabilities
Carrying amount of financial instruments	0	0
Fair Value, Inputs, Level 3 | Commitments to Extend Credit
Carrying amount of financial instruments	$ 0	$ 0