Southern Missouri Bancorp (SMBC) 10-Q 9 Feb 23 2023 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Dec. 31, 2022	Feb. 07, 2023
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Transition Report	false
Period End date	Dec. 31, 2022
Registrant CIK	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
Trading Exchange	NASDAQ
Current reporting status	Yes
Interactive Data Current	Yes
Filer Category	Accelerated Filer
Small Business	false
Emerging Growth Company	false
Shell Company	false
Number of common stock shares outstanding		11,307,188
Fiscal Year End	--06-30
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q2
Amendment Flag	false

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2022	Jun. 30, 2022
Assets
Cash and cash equivalents	$ 53,135	$ 86,792
Interest-bearing time deposits	2,008	4,768
Available for sale securities	231,389	235,394
Stock in FHLB of Des Moines	7,014	5,893
Stock in Federal Reserve Bank of St. Louis	5,807	5,790
Loans receivable, net of ACL of $37,483 and $33,192 at December 31, 2022 and June 30, 2022, respectively	2,957,536	2,686,198
Accrued interest receivable	14,373	11,052
Premises and equipment, net	67,453	71,347
Bank owned life insurance - cash surrender value	49,074	48,705
Goodwill	27,288	27,288
Other intangible assets, net	7,344	8,175
Prepaid expenses and other assets	28,169	23,380
Total assets	3,450,590	3,214,782
Liabilities and Stockholders' Equity
Deposits	3,005,775	2,815,075
Advances from FHLB	61,489	37,957
Accounts payable and other liabilities	21,127	17,122
Accrued interest payable	2,140	801
Subordinated debt	23,080	23,055
Total liabilities	3,113,611	2,894,010
Commitments and contingencies
Common stock, $.01 par value; 25,000,000 shares authorized; 9,817,776 and 9,815,736 shares issued at December 31, 2022 and June 30, 2022, respectively	98	98
Additional paid-in capital	119,271	119,162
Retained earnings	257,506	240,115
Treasury stock of 588,625 shares at December 31, 2022 and June 30, 2022, at cost	(21,116)	(21,116)
Accumulated other comprehensive loss	(18,780)	(17,487)
Total stockholders' equity	336,979	320,772
Total liabilities and stockholders' equity	$ 3,450,590	$ 3,214,782

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2022	Jun. 30, 2022
CONDENSED CONSOLIDATED BALANCE SHEETS
Loans And Leases Receivable Allowance	$ 37,483	$ 33,192
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	9,817,776	9,815,736
Treasury Stock	588,625	588,625

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021
Interest Income
Loans	$ 36,993	$ 26,861	$ 70,173	$ 54,555
Investment securities	778	556	1,443	1,085
Mortgage-backed securities	1,013	609	2,003	1,186
Other interest-earning assets	67	70	228	130
Total interest income	38,851	28,096	73,847	56,956
Interest Expense
Deposits	8,594	2,739	14,356	5,555
Advances from FHLB	1,657	169	2,095	445
Subordinated debt	349	130	638	260
Total interest expense	10,600	3,038	17,089	6,260
Net Interest Income	28,251	25,058	56,758	50,696
Provision for Credit Losses	1,138		6,194	(305)
Net Interest Income After Provision for Credit Losses	27,113	25,058	50,564	51,001
Noninterest Income
Deposit account charges and related fees	1,713	1,623	3,489	3,184
Bank card interchange income	1,079	976	2,097	1,927
Loan late charges	119	172	241	279
Loan servicing fees	257	180	569	334
Other loan fees	612	500	1,494	951
Net realized gains on sale of loans	127	362	419	731
Earnings on bank owned life insurance	319	282	637	563
Other income	1,230	1,190	2,024	1,832
Total noninterest income	5,456	5,285	10,970	9,801
Noninterest Expense
Compensation and benefits	9,793	8,323	19,545	16,522
Occupancy and equipment, net	2,442	2,198	4,890	4,311
Data processing expense	1,430	1,297	2,875	2,566
Telecommunications expense	347	318	677	639
Deposit insurance premiums	263	180	478	358
Legal and professional fees	852	356	1,263	590
Advertising	216	276	665	606
Postage and office supplies	235	186	448	381
Intangible amortization	402	338	803	677
Foreclosed property expenses/losses	35	302	(6)	334
Other operating expense	1,623	1,296	2,919	2,312
Total noninterest expense	17,638	15,070	34,557	29,296
Income Before Income Taxes	14,931	15,273	26,977	31,506
Income Taxes	3,267	3,288	5,710	6,775
Net Income	$ 11,664	$ 11,985	$ 21,267	$ 24,731
Basic earnings per share	$ 1.26	$ 1.35	$ 2.30	$ 2.78
Diluted earnings per share	1.26	1.35	2.30	2.78
Dividends paid	$ 0.21	$ 0.20	$ 0.42	$ 0.40

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
Net Income	$ 11,664	$ 11,985	$ 21,267	$ 24,731
Other comprehensive income (loss):
Unrealized gains (losses) on securities available-for-sale	1,023	(2,448)	(1,657)	(2,435)
Tax benefit (expense)	(225)	538	364	535
Total other comprehensive income (loss)	798	(1,910)	(1,293)	(1,900)
Comprehensive Income	$ 12,462	$ 10,075	$ 19,974	$ 22,831

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS EQUITY - USD ($) $ in Thousands	Common Stock	Additional Paid-in Capital	Retained Earnings	Treasury Stock, Common Stock	Accumulated Other Comprehensive Income (Loss)	Total
Beginning Balance at Jun. 30, 2021	$ 94	$ 95,585	$ 200,140	$ (15,278)	$ 2,882	$ 283,423
Net Income			24,731			24,731
Change in unrealized (loss) gain on available for sale securities					(1,900)	(1,900)
Dividends paid on common stock			(3,559)			(3,559)
Stock option expense		73				73
Stock grant expense		17				17
Treasury stock purchased				(1,174)		(1,174)
Ending Balance at Dec. 31, 2021	94	95,675	221,312	(16,452)	982	301,611
Beginning Balance at Sep. 30, 2021	94	95,622	211,104	(16,452)	2,892	293,260
Net Income			11,985			11,985
Change in unrealized (loss) gain on available for sale securities					(1,910)	(1,910)
Dividends paid on common stock			(1,777)			(1,777)
Stock option expense		36				36
Stock grant expense		17				17
Ending Balance at Dec. 31, 2021	94	95,675	221,312	(16,452)	982	301,611
Beginning Balance at Jun. 30, 2022	98	119,162	240,115	(21,116)	(17,487)	320,772
Net Income			21,267			21,267
Change in unrealized (loss) gain on available for sale securities					(1,293)	(1,293)
Dividends paid on common stock			(3,876)			(3,876)
Stock option expense		109				109
Ending Balance at Dec. 31, 2022	98	119,271	257,506	(21,116)	(18,780)	336,979
Beginning Balance at Sep. 30, 2022	98	119,216	247,780	(21,116)	(19,578)	326,400
Net Income			11,664			11,664
Change in unrealized (loss) gain on available for sale securities					798	798
Dividends paid on common stock			(1,938)			(1,938)
Stock option expense		55				55
Ending Balance at Dec. 31, 2022	$ 98	$ 119,271	$ 257,506	$ (21,116)	$ (18,780)	$ 336,979

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS EQUITY (Parenthetical) - $ / shares	3 Months Ended		6 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021
CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY
Dividends paid on common stock	$ 0.21	$ 0.20	$ 0.42	$ 0.40

CONDENSED CONSOLIDATED STATEM_5

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Cash Flows From Operating Activities:
Net Income	$ 21,267	$ 24,731
Items not requiring (providing) cash:
Depreciation	2,247	2,158
(Gain) loss on disposal of fixed assets	(317)	3
Stock option and stock grant expense	109	90
(Gain) loss on sale/write-down of REO	(30)	283
Amortization of intangible assets	803	677
Accretion of purchase accounting adjustments	(868)	(637)
Increase in cash surrender value of bank owned life insurance (BOLI)	(637)	(563)
Provision (benefit) for credit losses	6,194	(305)
Net amortization of premiums and discounts on securities	481	596
Originations of loans held for sale	(11,395)	(28,271)
Proceeds from sales of loans held for sale	11,362	29,008
Gain on sales of loans held for sale	(419)	(731)
Changes in:
Accrued interest receivable	(3,321)	(633)
Prepaid expenses and other assets	(776)	(1,087)
Accounts payable and other liabilities	2,507	3,831
Deferred income taxes	13	513
Accrued interest payable	1,339	(99)
Net cash provided by operating activities	28,559	29,564
Cash flows from investing activities:
Net increase in loans	(274,628)	(156,655)
Net change in interest-bearing deposits	496
Proceeds from maturities of available for sale securities	10,540	24,795
Net (purchases) redemptions of Federal Home Loan Bank stock	(1,121)	752
Net purchases of Federal Reserve Bank of St. Louis stock	(17)
Purchases of available-for-sale securities	(6,446)	(27,390)
Purchases of long-term investment	(75)	(133)
Purchases of premises and equipment	(1,582)	(3,689)
Net cash received from acquisitions		27,151
Investments in state & federal tax credits	(3,860)	(1,827)
Proceeds from sale of fixed assets	3,464	928
Proceeds from sale of foreclosed assets	400	249
Proceeds from BOLI claim	270
Net cash used in investing activities	(272,559)	(135,819)
Cash flows from financing activities:
Net increase in demand deposits and savings accounts	50,894	206,309
Net increase (decrease) in certificates of deposits	139,850	(13,385)
Proceeds from Federal Home Loan Bank advances	1,507,630
Repayments of Federal Home Loan Bank advances	(1,484,155)	(21,025)
Purchase of treasury stock		(1,175)
Dividends paid on common stock	(3,876)	(3,559)
Net cash provided by financing activities	210,343	167,165
(Decrease) increase in cash and cash equivalents	(33,657)	60,910
Cash and cash equivalents at beginning of period	86,792	123,592
Cash and cash equivalents at end of period	53,135	184,502
Noncash investing and financing activities:
Conversion of loans to foreclosed real estate	10
Conversion of loans to repossessed assets	41	14
Right of use assets obtained in exchange for lease obligations: Operating Leases	82	70
Cash paid during the period for:
Interest (net of interest credited)	3,081	1,100
Income taxes	$ 1,662	157
First National Bank, Cairo
Noncash investing and financing activities:
Fair value of assets acquired		1,707
Cash received		27,151
Liabilities assumed		$ 28,859

Basis of Presentation

Basis of Presentation	6 Months Ended
	Dec. 31, 2022
Basis of Presentation
Basis of Presentation	Note 1: Basis of Presentation The accompanying unaudited interim condensed 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, 2022, has been derived from the audited consolidated balance sheet of the Company as of that date. Operating results for the three- and six- month periods ended December 31, 2022, 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, 2022 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	6 Months Ended
	Dec. 31, 2022
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 condensed 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. financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change relate to the determination of the allowance for credit losses, estimated fair values of purchased loans, and certain other assumptions and judgmental factors relating to investment securities. 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 Allowance for Credit Losses (“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. The Company evaluates impaired AFS securities at the individual level on a quarterly basis, and considers 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 December 31, 2022, or June 30, 2022. 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. Loans are generally stated at unpaid principal balances, less the ACL, any net deferred loan origination fees, and unamortized premiums or discounts on purchased loans. Interest on loans is accrued based upon the principal amount outstanding. The accrual of interest on loans is discontinued when, in management’s judgment, the collectability of interest or principal in the normal course of business is doubtful. The Company complies with regulatory guidance which indicates that loans should be placed in nonaccrual status when 90 days past due, unless the loan is both well-secured and in the process of collection. A loan that is “in the process of collection” may be subject to legal action or, in appropriate circumstances, through other collection efforts reasonably expected to result in repayment or restoration to current status in the near future. A loan is considered delinquent when a payment has not been made by the contractual due date. Interest income previously accrued but not collected at the date a loan is placed on nonaccrual status is reversed against interest income. Cash receipts on a nonaccrual loan are applied to principal and interest in accordance with its contractual terms unless full payment of principal is not expected, in which case cash receipts, whether designated as principal or interest, are applied as a reduction of the carrying value of the loan. A nonaccrual loan is generally returned to accrual status when principal and interest payments are current, full collectability of principal and interest is reasonably assured, and a consistent record of performance has been demonstrated. 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 incorporates a reasonable and supportable forecast period of four quarters, and a four-quarter, straight-line reversion period to return to long-term 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 24 pools, which are homogeneous groups of loans that possess similar loss potential characteristics. The Company primarily utilizes the discounted cash flow (“DCF”) methodology for measurement of the required ACL. For a limited number of pools with a relatively small balance of unpaid principal balance, the Company utilizes the remaining life method. The DCF model implements probability of default (“PD”) and loss given default (“LGD”) calculations at the instrument level. PD and LGD are determined based on statistical analysis and correlation of historical losses with various economic factors over time. In general, the Company’s losses have not correlated well with economic factors, and the Company has utilized peer data where more appropriate. The Company defines a default to include 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. 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. 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. 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 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, if any, 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. The Company accounts for its Equity Incentive Plan (EIP), and Omnibus Incentive Plan (OIP) in accordance with ASC 718, “Share-Based Payment.” Compensation expense is based on the market price of the Company’s stock on the date the shares are granted and is recorded over the vesting period. The difference between the grant-date fair value and the fair value on the date the shares are considered earned represents a tax benefit to the Company that is recorded as an adjustment to income tax expense. Outside Directors’ Retirement. In the event that the participant dies before collecting any or all of the benefits, the Bank shall pay the participant’s beneficiary. Benefits shall not 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 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 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 could have been 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. ​ In March 2020, the FASB issued ASU No. 2020-04, Reference Rate Reform (Topic 848): “Facilitation of the Effects of Reference Rate Reform on Financial Reporting,”. The amendments in this update provide optional guidance for a limited period to ease the potential burden in accounting for (or recognizing the effects of) reference rate reform on financial reporting. It provides optional expedients and exceptions for applying GAAP to contracts, hedging relationships, and other transactions affected by reference rate reform if certain criteria are met. The amendments in this update are effective for all entities as of March 12, 2020 through December 31, 2022. ​ In January 2021, the FASB issued ASU 2021-01, Reference Rate Reform (Topic 848): Scope. ASU 2021-01 clarifies that certain optional expedients and exceptions in ASC 848 for contract modifications and hedge accounting apply to derivatives that are affected by the discounting transition. ASU 2021-01 also amends the expedients and exceptions in ASC 848 to capture the incremental consequences of the scope clarification and to tailor the existing guidance to derivative instruments affected by the discounting transition. ASU 2021-01 was effective upon issuance and generally can be applied through December 31, 2022. ASU 2021-01 did not have a material impact on the Company’s consolidated financial statements. In March 2022, the FASB issued ASU No. 2022-02, “Financial Instruments – Credit Losses (Topic 326), Troubled Debt Restructurings and Vintage Disclosures. ASU 2022-02 eliminates the accounting guidance for TDRs in ASC 310-40, “Receivables – Troubled Debt Restructurings by Creditors” for entities that have adopted the CECL model introduced by ASU 2016-13, “Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments.” ASU 2022-02 also requires that public business entities disclose current-period gross charge offs by year of origination for financing receivables and net investments in leases within the scope of Subtopic 326-20, “Financial Instruments – Credit Losses – Measured at Amortized Cost.” ASU 2022-02 is effective for fiscal years beginning after December 15, 2022, for entities that have adopted the amendments in ASU 2016-13 Update, and is not expected to have a material impact on the consolidated financial statements.

Available for Sale Securities

Available for Sale Securities	6 Months Ended
	Dec. 31, 2022
Available for Sale Securities
Available for Sale Securities	Note 3: Available for Sale Securities The amortized cost, gross unrealized gains, gross unrealized losses, ACL, and approximate fair value of securities available for sale consisted of the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022 ​ ​ ​ Gross Gross Allowance ​ Estimated ​ Amortized Unrealized Unrealized for Fair (dollars in thousands) Cost Gains Losses Credit Losses Value Debt and equity securities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Obligations of states and political subdivisions ​ $ 47,396 ​ $ 25 ​ $ (2,860) ​ $ — ​ $ 44,561 Corporate obligations ​ ​ 20,825 ​ ​ — ​ ​ (1,516) ​ ​ — ​ ​ 19,309 Other securities ​ 2,431 ​ — ​ (61) ​ — ​ 2,370 Total debt and equity securities ​ ​ 70,652 ​ ​ 25 ​ ​ (4,437) ​ ​ — ​ ​ 66,240 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Mortgage-backed securities (MBS) and collateralized mortgage obligations (CMOs): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential MBS issued by governmental sponsored enterprises (GSEs) ​ ​ 74,177 ​ ​ — ​ ​ (6,720) ​ ​ — ​ ​ 67,457 Commercial MBS issued by GSEs ​ ​ 53,131 ​ ​ — ​ ​ (6,163) ​ ​ — ​ ​ 46,968 CMOs issued by GSEs ​ ​ 57,454 ​ ​ — ​ ​ (6,730) ​ ​ — ​ ​ 50,724 Total MBS and CMOs ​ 184,762 ​ — ​ (19,613) ​ — ​ ​ 165,149 Total AFS securities ​ $ 255,414 ​ $ 25 ​ $ (24,050) ​ $ — ​ $ 231,389 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2022 ​ ​ ​ Gross Gross ​ Allowance ​ Estimated ​ Amortized Unrealized Unrealized for Fair (dollars in thousands) Cost Gains Losses Credit Losses Value ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Debt and equity securities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Obligations of states and political subdivisions ​ $ 47,383 ​ $ 77 ​ $ (2,981) ​ $ — ​ 44,479 Corporate obligations ​ ​ 20,818 ​ ​ 32 ​ ​ (963) ​ ​ — ​ ​ 19,887 Other securities ​ ​ 486 ​ — ​ (43) ​ — ​ ​ 443 Total debt and equity securities ​ ​ 68,687 ​ ​ 109 ​ ​ (3,987) ​ ​ — ​ ​ 64,809 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Mortgage-backed securities (MBS) and collateralized mortgage obligations (CMOs): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential MBS issued by governmental sponsored enterprises (GSEs) ​ ​ 76,345 ​ ​ — ​ ​ (7,177) ​ ​ — ​ ​ 69,168 Commercial MBS issued by GSEs ​ ​ 51,435 ​ ​ — ​ ​ (5,705) ​ ​ — ​ ​ 45,730 CMOs issued by GSEs ​ ​ 61,293 ​ ​ — ​ ​ (5,606) ​ ​ — ​ ​ 55,687 Total MBS and CMOs ​ 189,073 ​ — ​ (18,488) ​ — ​ 170,585 Total AFS securities ​ $ 257,760 ​ $ 109 ​ $ (22,475) ​ $ — ​ $ 235,394 ​ 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. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022 ​ Amortized Estimated (dollars in thousands) Cost Fair Value Within one year ​ $ 2,512 ​ $ 2,491 After one year but less than five years ​ 12,943 ​ 12,444 After five years but less than ten years ​ 37,320 ​ 34,602 After ten years ​ 17,877 ​ 16,703 Total investment securities ​ 70,652 ​ 66,240 MBS and CMOs ​ 184,762 ​ 165,149 Total AFS securities ​ $ 255,414 ​ $ 231,389 ​ The carrying value of investment and mortgage-backed securities pledged as collateral to secure public deposits amounted to $183.6 million at December 31, 2022, and $198.3 million at June 30, 2022. The securities pledged consist of marketable securities, including $120.9 million and $126.3 million of Mortgage-backed Securities, $24.9 million and $27.3 million of Collateralized Mortgage Obligations, $35.9 million and $42.3 million of State and Political Subdivisions Obligations, and $2.0 million and $2.4 million of other securities at December 31, 2022 and June 30, 2022, 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 December 31, 2022 and June 30, 2022: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022 ​ 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 ​ $ 26,509 ​ $ 721 ​ $ 13,953 ​ $ 2,139 ​ $ 40,462 ​ $ 2,860 Corporate obligations ​ ​ 7,957 ​ ​ 493 ​ ​ 11,352 ​ ​ 1,023 ​ ​ 19,309 ​ ​ 1,516 Other securities ​ ​ 1,960 ​ ​ 21 ​ ​ 386 ​ ​ 40 ​ ​ 2,346 ​ ​ 61 MBS and CMOs ​ 92,777 ​ 6,264 ​ 72,372 ​ 13,349 ​ 165,149 ​ 19,613 Total AFS securities ​ $ 129,203 ​ $ 7,499 ​ $ 98,063 ​ $ 16,551 ​ $ 227,266 ​ $ 24,050 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2022 ​ 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 ​ $ 31,985 ​ $ 2,639 ​ $ 1,600 ​ $ 342 ​ $ 33,585 ​ $ 2,981 Corporate obligations ​ ​ 10,944 ​ ​ 420 ​ ​ 6,911 ​ ​ 543 ​ ​ 17,855 ​ ​ 963 Other securities ​ ​ 418 ​ ​ 43 ​ ​ — ​ ​ — ​ ​ 418 ​ ​ 43 MBS and CMOs ​ 137,590 ​ 12,482 ​ 29,834 ​ 6,006 ​ 167,424 ​ 18,488 Total AFS securities ​ $ 180,937 ​ $ 15,584 ​ $ 38,345 ​ $ 6,891 ​ $ 219,282 ​ $ 22,475 ​ Obligations of state and political subdivisions Corporate Obligations. these securities prior to recovery of their amortized cost basis, which may be maturity, the Company has not recorded an ACL on these securities. At December 31, 2022, corporate obligations included two pooled trust preferred securities with an estimated fair value of $797,000 and unrealized losses of $182,000 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, a reduced demand for these securities, and concerns regarding the issuers of the underlying trust preferred securities. A cash flow analysis performed as of December 31, 2022, 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. 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. Other securities. MBS and CMOs The Company does not believe that any individual unrealized loss as of December 31, 2022, 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	6 Months Ended
	Dec. 31, 2022
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) December 31, 2022 June 30, 2022 Real Estate Loans: ​ ​ ​ ​ ​ ​ Residential ​ $ 1,029,793 ​ $ 904,160 Construction ​ 365,398 ​ 258,072 Commercial ​ 1,246,447 ​ 1,146,673 Consumer loans ​ 103,756 ​ 92,996 Commercial loans ​ 460,220 ​ 441,598 ​ ​ 3,205,614 ​ 2,843,499 Loans in process ​ (210,250) ​ (123,656) Deferred loan fees, net ​ (345) ​ (453) Allowance for credit losses ​ (37,483) ​ (33,192) Total loans ​ $ 2,957,536 ​ $ 2,686,198 ​ 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 December 31, 2022 the Bank had purchased participations in 38 loans totaling $63.6 million, as compared to 31 loans totaling $70.0 million at June 30, 2022. 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 lending 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 and supply, 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 of 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 12 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 December 31, 2022, construction loans outstanding included 58 loans, totaling $35.5 million, for which a modification had been agreed to. At June 30, 2022, construction loans outstanding included 57 loans, totaling $13.8 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). 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 66 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. in the same period of the prior fiscal year. Increased provisioning in the three- month period ended December 31, 2022, was attributed primarily to increased allowance for off-balance sheet credit exposure during the quarter, while increased provisioning in the six-month period was attributable primarily to loan growth. The Company has estimated its expected credit losses as of December 31, 2022, under ASC 326-20, and management believes the ACL as of that date was adequate based on that estimate. There remains, however, significant uncertainty as economic activity recovers from the COVID-19 pandemic and the Federal Reserve withdraws accommodative monetary policy that was put into effect to respond to the pandemic and its economic impact. Management continues to closely monitor borrowers most affected by mitigation efforts, most notably including our borrowers in the hotel industry. Projections for GDP growth and unemployment, key drivers in the Company’s ACL model, have weakened. As a percentage of average loans outstanding, the Company recorded net charge offs of two basis points (annualized) during the first six months of fiscal 2023, compared to less than one basis point (annualized) during the same period of the prior fiscal year. Specifically, management considered the following: ​ ● economic conditions and projections as provided by Moody’s Analytics, including baseline and downside scenarios, were utilized in the Company’s estimate at December 31, 2022. Economic factors considered in the projections included national and state levels of unemployment, and national and state rates of inflation-adjusted growth in the gross domestic product. Economic conditions are considered to be a moderate and increasing risk factor, relative to June 30, 2022; ​ ● the pace of growth of the Company’s loan portfolio, exclusive of acquisitions or government guaranteed loans, relative to overall economic growth. This measure is considered to be a moderate and increasing risk factor; ​ ● levels and trends for loan delinquencies nationally and in the region. This measure as reported remains relatively stable, and the level of uncertainty about loan delinquencies is considered to be diminishing. This is considered to be a moderate and declining risk factor; ​ ● exposure to the hotel industry, in particular, metropolitan area hotels which were negatively impacted by activity restrictions and a lack of business or convention-related travel. This is considered to be an elevated and stable risk factor. ​ PCD Loans. ​ The fair value of acquired loans recorded at the time of acquisition is based upon several factors, including the timing and payment of expected cash flows, as adjusted for estimated credit losses and prepayments, and then discounting these cash flows using comparable market rates. The resulting fair value adjustment is recorded in the form of a premium or discount to the unpaid principal balance of the respective loans. As it relates to acquired loans that, as of the date of acquisition, have experienced a more-than-insignificant deterioration in credit quality since origination (“PCD”), the net premium or net discount is adjusted to reflect the Company’s allowance for credit losses recorded for PCD loans at the time of acquisition, and the remaining fair value adjustment is accreted or amortized into interest income over the remaining life of the respective loans. As it relates to loans not classified as PCD (“non-PCD”) loans, the credit loss and yield components of their fair value adjustment are aggregated, and the resulting net premium or net discount is accreted or amortized into interest income over the remaining life of the respective loans. The Company records an ACL for non-PCD loans at the time of acquisition through provision expense, and therefore, no further adjustments are made to the net premium or net discount for non-PCD loans. ​ Loans that the Company acquired from Fortune, that at the time of acquisition had more-than-insignificant deterioration of credit quality since origination, are classified as PCD loans and presented in the table below at acquisition carrying value: ​ ​ ​ ​ ​ (dollars in thousands) February 25, 2022 PCD Loans: ​ ​ ​ Purchase price of PCD loans at acquisition ​ $ 15,055 Allowance for credit losses at acquisition ​ (120) Fair value of PCD loans at acquisition ​ $ 14,935 ​ ​ The following tables present the balance in the ACL based on portfolio segment as of December 31, 2022 and 2021, and activity in the ACL for the three- and six- month periods ended December 31, 2022 and 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At period end and for the six months ended December 31, 2022 ​ Residential ​ Construction Commercial ​ ​ ​ ​ ​ ​ ​ ​ (dollars in thousands) Real Estate Real Estate Real Estate Consumer Commercial Total Allowance for credit losses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance, beginning of period ​ $ 8,908 ​ $ 2,220 ​ $ 16,838 ​ $ 710 ​ $ 4,516 ​ $ 33,192 Provision charged to expense ​ 3,592 ​ 534 ​ 213 ​ 118 ​ 158 ​ 4,615 Losses charged off ​ (2) ​ — ​ (245) ​ (76) ​ (17) ​ (340) Recoveries ​ 1 ​ — ​ — ​ 9 ​ 6 ​ 16 Balance, end of period ​ $ 12,499 ​ $ 2,754 ​ $ 16,806 ​ $ 761 ​ $ 4,663 ​ $ 37,483 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At period end and for the three months ended December 31, 2022 ​ ​ Residential ​ Construction ​ Commercial ​ ​ ​ ​ ​ ​ ​ ​ (dollars in thousands) Real Estate Real Estate Real Estate Consumer Commercial Total Allowance for loan losses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance, beginning of period $ 11,937 $ 2,503 $ 17,886 $ 693 $ 4,399 $ 37,418 Provision (benefit) charged to expense ​ ​ 562 ​ ​ 251 ​ ​ (835) ​ ​ 106 ​ ​ 281 ​ ​ 365 Losses charged off ​ ​ — ​ ​ — ​ ​ (245) ​ ​ (41) ​ ​ (17) ​ ​ (303) Recoveries ​ ​ — ​ ​ — ​ ​ — ​ ​ 3 ​ ​ — ​ ​ 3 Balance, end of period $ 12,499 $ 2,754 $ 16,806 $ 761 $ 4,663 $ 37,483 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At period end and for the six months ended December 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 ​ $ 11,192 ​ $ 2,170 ​ $ 14,535 ​ $ 916 ​ $ 4,409 ​ $ 33,222 Provision (benefit) charged to expense ​ (404) ​ (44) ​ 192 ​ (112) ​ (311) ​ (679) Losses charged off ​ (32) ​ — ​ — ​ (25) ​ (11) ​ (68) Recoveries ​ 1 ​ — ​ — ​ 51 ​ 2 ​ 54 Balance, end of period ​ $ 10,757 ​ $ 2,126 ​ $ 14,727 ​ $ 830 ​ $ 4,089 ​ $ 32,529 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At period end and for the three months ended December 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 $ 10,634 $ 2,045 $ 14,883 $ 873 $ 4,108 $ 32,543 Provision (benefit) charged to expense ​ ​ 123 ​ ​ 81 ​ ​ (156) ​ ​ (40) ​ ​ (8) ​ ​ — Losses charged off ​ ​ — ​ ​ — ​ ​ — ​ ​ (13) ​ ​ (11) ​ ​ (24) Recoveries ​ ​ — ​ ​ — ​ ​ — ​ ​ 10 ​ ​ — ​ ​ 10 Balance, end of period $ 10,757 $ 2,126 $ 14,727 $ 830 $ 4,089 $ 32,529 ​ ​ The following tables present the balance in the allowance for off-balance sheet credit exposure based on portfolio segment as of December 31, 2022 and 2021, and activity in the allowance for the three- and six- month periods ended December 31, 2022 and 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At period end and for the six months ended December 31, 2022 ​ Residential ​ ​ Construction ​ Commercial ​ ​ ​ ​ ​ ​ ​ ​ (dollars in thousands) Real Estate Real Estate Real Estate Consumer Commercial Total Allowance for off-balance sheet credit exposure: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance, beginning of period ​ $ 58 ​ $ 2,178 ​ $ 421 ​ $ 61 ​ $ 640 ​ $ 3,358 Provision (benefit) charged to expense ​ ​ 12 ​ ​ 1,451 ​ ​ 59 ​ ​ (5) ​ ​ 62 ​ ​ 1,579 Balance, end of period ​ $ 70 ​ $ 3,629 ​ $ 480 ​ $ 56 ​ $ 702 ​ $ 4,937 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At period end and for the three months ended December 31, 2022 ​ Residential ​ ​ Construction ​ Commercial ​ ​ ​ ​ ​ ​ ​ ​ (dollars in thousands) Real Estate Real Estate Real Estate Consumer Commercial Total Allowance for off-balance sheet credit exposure: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance, beginning of period ​ $ 193 ​ $ 2,897 ​ $ 528 ​ $ 61 ​ $ 485 ​ $ 4,164 Provision (benefit) charged to expense ​ ​ (123) ​ ​ 732 ​ ​ (48) ​ ​ (5) ​ ​ 217 ​ ​ 773 Balance, end of period ​ $ 70 ​ $ 3,629 ​ $ 480 ​ $ 56 ​ $ 702 ​ $ 4,937 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At period end and for the six months ended December 31, 2021 ​ Residential ​ ​ Construction ​ Commercial ​ ​ ​ ​ ​ ​ ​ ​ (dollars in thousands) Real Estate Real Estate Real Estate Consumer Commercial Total Allowance for off-balance sheet credit exposure: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance, beginning of period ​ $ 37 ​ $ 502 ​ $ 188 ​ $ 218 ​ $ 860 ​ $ 1,805 Provision (benefit) charged to expense ​ ​ (3) ​ ​ 1,171 ​ ​ (18) ​ ​ (160) ​ ​ (616) ​ ​ 374 Balance, end of period ​ $ 34 ​ $ 1,673 ​ $ 170 ​ $ 58 ​ $ 244 ​ $ 2,179 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At period end and for the three months ended December 31, 2021 ​ Residential ​ ​ Construction ​ Commercial ​ ​ ​ ​ ​ ​ ​ ​ (dollars in thousands) Real Estate Real Estate Real Estate Consumer Commercial Total Allowance for off-balance sheet credit exposure: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance, beginning of period ​ $ 34 ​ $ 1,673 ​ $ 170 ​ $ 58 ​ $ 244 ​ $ 2,179 Provision (benefit) charged to expense ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Balance, end of period ​ $ 34 ​ $ 1,673 ​ $ 170 ​ $ 58 ​ $ 244 ​ $ 2,179 ​ ​ Credit Quality Indicators Watch Special Mention Substandard 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 fiscal year of origination as of December 31, 2022. This table includes PCD loans, which are reported according to risk categorization after acquisition based on the Company’s standards for such classification: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (dollars in thousands) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Revolving ​ ​ ​ December 31, 2023 2022 2021 2020 2019 Prior loans Total Residential Real Estate ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 219,153 ​ $ 341,034 ​ $ 262,113 ​ $ 110,057 ​ $ 16,329 ​ $ 69,239 ​ $ 5,602 ​ $ 1,023,527 Watch ​ — ​ 338 ​ 467 ​ 2,348 ​ 120 ​ 28 ​ 49 ​ 3,350 Special Mention ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — Substandard ​ 848 ​ 329 ​ 544 ​ 489 ​ 268 ​ 438 ​ — ​ 2,916 Doubtful ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — Total Residential Real Estate ​ $ 220,001 ​ $ 341,701 ​ $ 263,124 ​ $ 112,894 ​ $ 16,717 ​ $ 69,705 ​ $ 5,651 ​ $ 1,029,793 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Construction Real Estate ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 69,674 ​ $ 65,207 ​ $ 17,427 ​ $ — ​ $ — ​ $ — ​ $ 2,840 ​ $ 155,148 Watch ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — Special Mention ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — Substandard ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — Doubtful ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — Total Construction Real Estate ​ $ 69,674 ​ $ 65,207 ​ $ 17,427 ​ $ — ​ $ — ​ $ — ​ $ 2,840 ​ $ 155,148 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial Real Estate ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 209,157 ​ $ 450,360 ​ $ 262,027 ​ $ 86,418 ​ $ 61,274 ​ $ 95,839 ​ $ 27,775 ​ $ 1,192,850 Watch ​ 6,525 ​ 7,309 ​ 167 ​ 4,378 ​ — ​ 2,014 ​ 720 ​ 21,113 Special Mention ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — Substandard ​ 888 ​ 30,977 ​ — ​ 3 ​ 12 ​ 89 ​ 515 ​ 32,484 Doubtful ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — Total Commercial Real Estate ​ $ 216,570 ​ $ 488,646 ​ $ 262,194 ​ $ 90,799 ​ $ 61,286 ​ $ 97,942 ​ $ 29,010 ​ $ 1,246,447 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Consumer ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 19,088 ​ $ 20,649 ​ $ 7,613 ​ $ 2,421 ​ $ 985 ​ $ 1,320 ​ $ 51,433 ​ $ 103,509 Watch ​ 56 ​ — ​ 66 ​ 12 ​ — ​ — ​ — ​ 134 Special Mention ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — Substandard ​ — ​ 14 ​ 59 ​ 9 ​ — ​ 31 ​ — ​ 113 Doubtful ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — Total Consumer ​ $ 19,144 ​ $ 20,663 ​ $ 7,738 ​ $ 2,442 ​ $ 985 ​ $ 1,351 ​ $ 51,433 ​ $ 103,756 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 71,947 ​ $ 84,200 ​ $ 74,375 ​ $ 12,712 ​ $ 8,560 ​ $ 9,020 ​ $ 192,625 ​ $ 453,439 Watch ​ 688 ​ 1,412 ​ 115 ​ 76 ​ 6 ​ — ​ 2,421 ​ 4,718 Special Mention ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — Substandard ​ 172 ​ 1,332 ​ 39 ​ — ​ 31 ​ — ​ 489 ​ 2,063 Doubtful ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — Total Commercial ​ $ 72,807 ​ $ 86,944 ​ $ 74,529 ​ $ 12,788 ​ $ 8,597 ​ $ 9,020 ​ $ 195,535 ​ $ 460,220 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 589,019 ​ $ 961,450 ​ $ 623,555 ​ $ 211,608 ​ $ 87,148 ​ $ 175,418 ​ $ 280,275 ​ $ 2,928,473 Watch ​ 7,269 ​ 9,059 ​ 815 ​ 6,814 ​ 126 ​ 2,042 ​ 3,190 ​ 29,315 Special Mention ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — Substandard ​ 1,908 ​ 32,652 ​ 642 ​ 501 ​ 311 ​ 558 ​ 1,004 ​ 37,576 Doubtful ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — Total ​ $ 598,196 ​ $ 1,003,161 ​ $ 625,012 ​ $ 218,923 ​ $ 87,585 ​ $ 178,018 ​ $ 284,469 ​ $ 2,995,364 ​ At December 31, 2022, PCD loans comprised 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 fiscal year of origination as of June 30, 2022. This table includes PCD loans, which were reported according to risk categorization after acquisition based on the Company’s standards for such classification: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (dollars in thousands) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Revolving ​ ​ ​ June 30, 2022 2021 2020 2019 2018 Prior loans Total Residential Real Estate ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 380,502 ​ $ 295,260 ​ $ 118,464 ​ $ 19,383 ​ $ 22,143 ​ $ 58,545 ​ $ 6,074 ​ $ 900,371 Watch ​ 44 ​ 242 ​ 1,083 ​ 56 ​ — ​ 30 ​ — ​ 1,455 Special Mention ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — Substandard ​ 266 ​ 918 ​ 87 ​ 440 ​ 18 ​ 605 ​ — ​ 2,334 Doubtful ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — Total Residential Real Estate ​ $ 380,812 ​ $ 296,420 ​ $ 119,634 ​ $ 19,879 ​ $ 22,161 ​ $ 59,180 ​ $ 6,074 ​ $ 904,160 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Construction Real Estate ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 100,114 ​ $ 34,082 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 220 ​ $ 134,416 Watch ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — Special Mention ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — Substandard ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — Doubtful ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — Total Construction Real Estate ​ $ 100,114 ​ $ 34,082 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 220 ​ $ 134,416 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial Real Estate ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 487,486 ​ $ 284,736 ​ $ 105,893 ​ $ 71,380 ​ $ 51,804 ​ $ 78,115 ​ $ 23,669 ​ $ 1,103,083 Watch ​ 4,763 ​ 769 ​ 1,818 ​ — ​ 668 ​ 2,000 ​ 548 ​ 10,566 Special Mention ​ 9,297 ​ — ​ — ​ — ​ — ​ — ​ — ​ 9,297 Substandard ​ 22,086 ​ 481 ​ 140 ​ 13 ​ 22 ​ 93 ​ 65 ​ 22,900 Doubtful ​ 827 ​ — ​ — ​ — ​ — ​ — ​ — ​ 827 Total Commercial Real Estate ​ $ 524,459 ​ $ 285,986 ​ $ 107,851 ​ $ 71,393 ​ $ 52,494 ​ $ 80,208 ​ $ 24,282 ​ $ 1,146,673 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Consumer ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 28,519 ​ $ 10,989 ​ $ 3,662 ​ $ 1,524 ​ $ 916 ​ $ 676 ​ $ 46,521 ​ $ 92,807 Watch ​ 21 ​ 71 ​ — ​ — ​ — ​ — ​ — ​ 92 Special Mention ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — Substandard ​ 23 ​ 6 ​ 4 ​ — ​ 10 ​ 31 ​ 23 ​ 97 Doubtful ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — Total Consumer ​ $ 28,563 ​ $ 11,066 ​ $ 3,666 ​ $ 1,524 ​ $ 926 ​ $ 707 ​ $ 46,544 ​ $ 92,996 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 111,370 ​ $ 93,906 ​ $ 20,795 ​ $ 10,496 ​ $ 3,253 ​ $ 7,612 ​ $ 190,235 ​ $ 437,667 Watch ​ 1,319 ​ 194 ​ 38 ​ 6 ​ — ​ 186 ​ 1,206 ​ 2,949 Special Mention ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — Substandard ​ 295 ​ 11 ​ — ​ 186 ​ — ​ 167 ​ 323 ​ 982 Doubtful ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — Total Commercial ​ $ 112,984 ​ $ 94,111 ​ $ 20,833 ​ $ 10,688 ​ $ 3,253 ​ $ 7,965 ​ $ 191,764 ​ $ 441,598 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 1,107,991 ​ $ 718,973 ​ $ 248,814 ​ $ 102,783 ​ $ 78,116 ​ $ 144,948 ​ $ 266,719 ​ $ 2,668,344 Watch ​ 6,147 ​ 1,276 ​ 2,939 ​ 62 ​ 668 ​ 2,216 ​ 1,754 ​ 15,062 Special Mention ​ 9,297 ​ — ​ — ​ — ​ — ​ — ​ — ​ 9,297 Substandard ​ 22,670 ​ 1,416 ​ 231 ​ 639 ​ 50 ​ 896 ​ 411 ​ 26,313 Doubtful ​ 827 ​ — ​ — ​ — ​ — ​ — ​ — ​ 827 Total ​ $ 1,146,932 ​ $ 721,665 ​ $ 251,984 ​ $ 103,484 ​ $ 78,834 ​ $ 148,060 ​ $ 268,884 ​ $ 2,719,843 ​ At June 30, 2022, PCD loans comprised $23.1 million of credits rated “Pass”; $4.7 million of credits rated “Watch”, none rated “Special Mention”, $1.1 million of credits rated “Substandard” and none rated “Doubtful”. Past-due Loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022 ​ ​ ​ ​ ​ ​ ​ ​ Greater Than ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Greater Than 90 ​ ​ 30-59 Days ​ 60-89 Days ​ 90 Days ​ Total ​ ​ ​ ​ Total Loans ​ Days Past Due ​ Past Due Past Due Past Due Past Due Current Receivable and Accruing (dollars in thousands) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Real Estate Loans: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential ​ $ 1,727 ​ $ 862 ​ $ 868 ​ $ 3,457 ​ $ 1,026,336 ​ $ 1,029,793 ​ $ 331 Construction ​ — ​ — ​ — ​ — ​ 155,148 ​ 155,148 ​ — Commercial ​ 1,868 ​ 1,075 ​ 198 ​ 3,141 ​ 1,243,306 ​ 1,246,447 ​ — Consumer loans ​ 693 ​ 130 ​ 257 ​ 1,080 ​ 102,676 ​ 103,756 ​ — Commercial loans ​ 189 ​ 731 ​ 253 ​ 1,173 ​ 459,047 ​ 460,220 ​ — Total loans ​ $ 4,477 ​ $ 2,798 ​ $ 1,576 ​ $ 8,851 ​ $ 2,986,513 ​ $ 2,995,364 ​ $ 331 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2022 ​ ​ ​ ​ ​ ​ ​ ​ Greater Than ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Greater Than 90 ​ ​ 30-59 Days ​ 60-89 Days ​ 90 Days ​ Total ​ ​ ​ ​ Total Loans ​ Days Past Due ​ Past Due Past Due Past Due Past Due Current Receivable and Accruing (dollars in thousands) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Real Estate Loans: ​ ​ ​ ​ ​ ​ ​ Residential ​ $ 1,402 ​ $ — ​ $ 1,064 ​ $ 2,466 ​ $ 901,694 ​ $ 904,160 ​ $ — Construction ​ — ​ — ​ — ​ — ​ 134,416 ​ 134,416 ​ — Commercial ​ 416 ​ 615 ​ 288 ​ 1,319 ​ 1,145,354 ​ 1,146,673 ​ — Consumer loans ​ 340 ​ 45 ​ 57 ​ 442 ​ 92,554 ​ 92,996 ​ — Commercial loans ​ 274 ​ 72 ​ 13 ​ 359 ​ 441,239 ​ 441,598 ​ — Total loans ​ $ 2,432 ​ $ 732 ​ $ 1,422 ​ $ 4,586 ​ $ 2,715,257 ​ $ 2,719,843 ​ $ — ​ At December 31, 2022 and June 30, 2022 there were no PCD 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. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022 ​ ​ Amortized cost basis of ​ ​ ​ ​ ​ loans determined to be ​ Related allowance (dollars in thousands) ​ collateral dependent ​ for credit losses Residential real estate loans ​ ​ 1- to 4-family residential loans $ 848 ​ $ 176 Total loans ​ $ 848 ​ $ 176 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2022 ​ ​ Amortized cost basis of ​ ​ ​ ​ ​ loans determined to be ​ Related allowance (dollars in thousands) ​ collateral dependent ​ for credit losses Residential real estate loans ​ ​ 1- to 4-family residential loans $ 864 ​ $ 193 Total loans ​ $ 864 ​ $ 193 ​ ​ Nonaccrual Loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (dollars in thousands) ​ December 31, 2022 ​ June 30, 2022 Residential real estate ​ $ 1,771 ​ $ 1,647 ​ Construction real estate ​ — ​ — ​ Commercial real estate ​ 1,706 ​ 2,259 ​ Consumer loans ​ 257 ​ 73 ​ Commercial loans ​ 725 ​ 139 ​ Total loans ​ $ 4,459 ​ $ 4,118 ​ ​ At December 31, 2022, there were no nonaccrual loans individually evaluated for which no ACL was recorded. Interest income recognized on nonaccrual loans in the three-and six- month periods ended December 31, 2022 and 2021, was immaterial. Troubled Debt Restructurings During the three- month periods ended December 31, 2022 and 2021, there were no loan modifications that were classified as TDRs. During the six- month periods ended December 31, 2022 and 2021, certain loans modified were classified as TDRs. They are shown, segregated by class, in the tables below: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the six-month periods ended ​ ​ December 31, 2022 ​ December 31, 2021 ​ ​ Number of ​ Recorded ​ Number of ​ Recorded (dollars in thousands) modifications Investment modifications Investment Residential real estate — $ — 1 $ 151 Construction real estate — ​ ​ — — ​ ​ — Commercial real estate — ​ ​ — — ​ ​ — Consumer loans — ​ ​ — — ​ ​ — Commercial loans — ​ ​ — — ​ ​ — Total — $ — 1 $ 151 ​ ​ ​ Performing loans classified as TDRs and outstanding at December 31, 2022, and June 30, 2022, segregated by class, are shown in the table below. Nonperforming TDRs are included in the nonaccrual loans table above. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022 ​ June 30, 2022 ​ ​ Number of ​ Recorded ​ Number of ​ Recorded (dollars in thousands) modifications Investment modifications Investment Residential real estate 10 ​ $ 3,337 11 ​ $ 3,625 Construction real estate — ​ — — ​ — Commercial real estate 8 ​ 24,681 8 ​ 25,132 Consumer loans — ​ — — ​ — Commercial loans 6 ​ 2,232 8 ​ 1,849 Total 24 ​ $ 30,250 27 ​ $ 30,606 ​ Residential Real Estate Foreclosures

Premises and Equipment

Premises and Equipment	6 Months Ended
	Dec. 31, 2022
Premises and Equipment
Premises and Equipment	Note 5: Premises and Equipment Following is a summary of premises and equipment: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (dollars in thousands) December 31, 2022 June 30, 2022 ​ Land ​ $ 12,709 ​ $ 13,532 ​ Buildings and improvements ​ 62,118 ​ 64,730 ​ Construction in progress ​ 757 ​ 142 ​ Furniture, fixtures, equipment and software ​ 21,532 ​ 20,838 ​ Automobiles ​ 120 ​ 120 ​ Operating leases ROU asset ​ 3,767 ​ 3,849 ​ ​ ​ 101,003 ​ 103,211 ​ Less accumulated depreciation ​ 33,550 ​ 31,864 ​ ​ ​ $ 67,453 ​ $ 71,347 ​ ​ Leases. All of the Company’s leases are classified as operating leases. 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. In the February 2022 acquisition of Fortune, the Company assumed a ground lease with an entity that is controlled by a Company insider. This property is in St. Louis County, MO and is in its fourth year of a twenty year term. 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. ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022 June 30, 2022 Consolidated Balance Sheet ​ ​ Operating leases ROU asset ​ $ 3,767 ​ $ 3,849 Operating leases liability ​ $ 3,767 ​ $ 3,849 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the three-month periods ended ​ For the six-month periods ended ​ ​ ​ December 31, ​ December 31, ​ ​ (dollars in thousands) 2022 2021 ​ 2022 ​ 2021 ​ ​ Consolidated Statement of Income ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Operating lease costs classified as occupancy and equipment expense ​ $ 143 ​ $ 98 ​ $ 279 ​ $ 199 ​ ​ (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 ​ $ 103 ​ $ 85 ​ $ 206 ​ $ 169 ​ ​ ROU assets obtained in exchange for operating lease obligations: ​ $ — ​ $ — ​ $ — ​ $ — ​ ​ ​ At December 31, 2022, future expected lease payments for leases with terms exceeding one year were as follows: ​ ​ ​ ​ ​ (dollars in thousands) ​ 2023 ​ $ 250 2024 ​ 442 2025 ​ 437 2026 ​ 433 2027 ​ 417 Thereafter ​ 4,063 Future lease payments expected ​ $ 6,042 ​ 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 six- month periods ended December 31, 2022, income recognized from these lessor agreements was

Deposits

Deposits	6 Months Ended
	Dec. 31, 2022
Deposits [Abstract]
Deposits	Note 6: Deposits Deposits are summarized as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (dollars in thousands) December 31, 2022 June 30, 2022 Non-interest bearing accounts ​ $ 447,621 ​ $ 426,929 ​ NOW accounts ​ 1,171,388 ​ 1,171,620 ​ Money market deposit accounts ​ 360,606 ​ 303,612 ​ Savings accounts ​ 247,679 ​ 274,283 ​ Certificates ​ ​ 778,481 ​ ​ 638,631 ​ Total Deposit Accounts ​ $ 3,005,775 ​ $ 2,815,075 ​ ​

Earnings Per Share

Earnings Per Share	6 Months Ended
	Dec. 31, 2022
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 Six months ended ​ ​ ​ December 31, December 31, ​ (dollars in thousands except per share data) 2022 2021 2022 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net income ​ $ 11,664 ​ $ 11,985 ​ $ 21,267 ​ $ 24,731 ​ Less: distributed earnings allocated to participating securities ​ (9) ​ (8) ​ (17) ​ (14) ​ Less: undistributed earnings allocated to participating securities ​ (43) ​ (46) ​ (78) ​ (85) ​ Net income available to common shareholders ​ $ 11,612 ​ $ 11,931 ​ $ 21,172 ​ $ 24,632 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted-average common shares outstanding, including participating securities ​ 9,229,151 ​ 8,887,303 ​ 9,229,060 ​ 8,893,149 ​ Less: weighted-average participating securities outstanding (restricted shares) ​ (41,270) ​ (39,920) ​ (41,270) ​ (35,883) ​ Denominator for basic earnings per share - ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted-average shares outstanding ​ 9,187,881 ​ 8,847,383 ​ 9,187,790 ​ 8,857,266 ​ Effect of dilutive securities stock options or awards ​ 22,369 ​ 21,780 ​ 22,512 ​ 15,977 ​ Denominator for diluted earnings per share ​ ​ 9,210,250 ​ ​ 8,869,163 ​ ​ 9,210,302 ​ ​ 8,873,243 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Basic earnings per share available to common stockholders ​ $ 1.26 ​ $ 1.35 ​ $ 2.30 ​ $ 2.78 ​ Diluted earnings per share available to common stockholders ​ $ 1.26 ​ $ 1.35 ​ $ 2.30 ​ $ 2.78 ​ ​ 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 22,000 were excluded from the computation of diluted earnings per share for each of the three- and six- month periods ended December 31, 2022, while there were no outstanding options and shares of restricted stock that were excluded from the computation of diluted earnings per share for each of the three- and six- month periods ended December 31, 2021.

Income Taxes

Income Taxes	6 Months Ended
	Dec. 31, 2022
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, 2017 and before. The Company’s Missouri income tax returns for the fiscal years ending June 30, 2016 through 2018 are under audit by the Missouri Department of Revenue. 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 six-month periods ended (dollars in thousands) ​ December 31, 2022 ​ December 31, 2021 ​ December 31, 2022 ​ December 31, 2021 Income taxes ​ ​ ​ ​ ​ Current ​ $ 3,261 ​ $ 2,785 ​ $ 5,697 ​ $ 6,262 Deferred ​ 6 ​ 503 ​ 13 ​ 513 Total income tax provision ​ $ 3,267 ​ $ 3,288 ​ $ 5,710 ​ $ 6,775 ​ The components of net deferred tax assets (included in other assets on the condensed consolidated balance sheet) are summarized as follows: ​ ​ ​ ​ ​ ​ ​ ​ (dollars in thousands) December 31, 2022 June 30, 2022 Deferred tax assets: ​ ​ Provision for losses on loans ​ $ 9,066 ​ $ 7,761 Accrued compensation and benefits ​ 692 ​ 828 NOL carry forwards acquired ​ 206 ​ 57 Unrealized loss on other real estate ​ 72 ​ 72 Unrealized loss on available for sale securities ​ ​ 5,285 ​ ​ 4,921 Total deferred tax assets ​ 15,321 ​ 13,639 ​ ​ ​ ​ ​ ​ ​ Deferred tax liabilities: ​ ​ ​ ​ Purchase accounting adjustments ​ 295 ​ 224 Depreciation ​ 1,668 ​ 1,974 FHLB stock dividends ​ 120 ​ 120 Prepaid expenses ​ 459 ​ 415 Other ​ 1,703 ​ 181 Total deferred tax liabilities ​ 4,245 ​ 2,914 Net deferred tax asset ​ $ 11,076 ​ $ 10,725 ​ As of December 31, 2022, the Company had approximately $261,000 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 six-month periods ended ​ (dollars in thousands) ​ December 31, 2022 ​ December 31, 2021 ​ December 31, 2022 ​ December 31, 2021 ​ Tax at statutory rate ​ $ 3,136 ​ $ 3,207 ​ $ 5,665 ​ $ 6,616 ​ Increase (reduction) in taxes resulting from: ​ ​ ​ ​ ​ ​ ​ ​ ​ Nontaxable municipal income ​ (76) ​ (87) ​ (157) ​ (193) ​ State tax, net of Federal benefit ​ 165 ​ 216 ​ 179 ​ 468 ​ Cash surrender value of Bank-owned life insurance ​ (67) ​ (59) ​ (134) ​ (118) ​ Tax credit benefits ​ (2) ​ (10) ​ (4) ​ (21) ​ Other, net ​ 111 ​ 21 ​ 161 ​ 23 ​ Actual provision ​ $ 3,267 ​ $ 3,288 ​ $ 5,710 ​ $ 6,775 ​ ​ For the three- and six- month periods ended December 31, 2022 and 2021, 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	6 Months Ended
	Dec. 31, 2022
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 “safe harbor” matching contributions to the Plan of up to , and expects to continue to make additional, discretionary profit-sharing contributions. During the three- and six- month periods ended December 31, 2022 retirement plan expenses recognized for the Plan totaled approximately 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

Subordinated Debt

Subordinated Debt	6 Months Ended
	Dec. 31, 2022
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 December 31, 2022, the current rate was 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 December 31, 2022, the current rate was 7.22%. The carrying value of the debt securities was approximately $2.7 million at December 31, 2022 and June 30, 2022. 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 December 31, 2022, the current rate was 6.57% . The carrying value of the debt securities was approximately The Company’s investment at a face amount of $505,000 in the three trusts noted above is included with Prepaid Expenses and Other Assets in the consolidated balance sheets, and is carried at a value of $463,000 and $461,000 at December 31, 2022 and June 30, 2022, respectively. ​ In connection with its February 2022 acquisition of Fortune, the Company assumed $7.5 million in fixed-to-floating rate subordinated notes. The notes had been issued in May 2021 by Fortune to a multi-lender group, bear interest through May 2026 at a fixed rate of 4.5%, and will bear interest thereafter at SOFR plus 3.77%. The notes will be redeemable at par beginning in May 2026, and mature in May 2031. The carrying value of the notes was approximately $7.7 million at December 31, 2022 and June 30, 2022.

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Dec. 31, 2022
Fair Value Measurements
Fair Value Measurements	Note 11: Fair Value Measurements ASC Topic 820, Fair Value Measurements of unobservable inputs when measuring fair value. The standard describes three levels of inputs that may be used to measure fair value: Level 1 Level 2 Level 3 Recurring Measurements. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value Measurements at December 31, 2022 ​ ​ ​ ​ ​ 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) Obligations of state and political subdivisions ​ $ 44,561 ​ $ — ​ $ 44,561 ​ $ — Corporate obligations ​ ​ 19,309 ​ ​ — ​ ​ 19,309 ​ ​ — Other securities ​ 2,370 ​ — ​ 2,370 ​ — MBS and CMOs ​ 165,149 ​ — ​ 165,149 ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value Measurements at June 30, 2022, 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) Obligations of state and political subdivisions ​ $ 44,479 ​ $ — ​ $ 44,479 ​ $ — Corporate obligations ​ ​ 19,887 ​ ​ — ​ ​ 19,887 ​ ​ — Other securities ​ 443 ​ — ​ 443 ​ — MBS and CMOs ​ 170,585 ​ — ​ 170,585 ​ — ​ 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. ​ ​ ​ The following table presents losses recognized on assets measured on a non-recurring basis for the six- month periods ended December 31, 2022 and 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the six months ended ​ (dollars in thousands) ​ December 31, 2022 ​ December 31, 2021 ​ Foreclosed and repossessed assets held for sale ​ $ 35 ​ $ (285) ​ Total gains (losses) on assets measured on a non-recurring basis ​ $ 35 ​ $ (285) ​ ​ 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. ​ Fair Value of Financial Instruments. 30, 2022. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022 ​ ​ ​ ​ ​ 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 ​ $ 53,135 ​ $ 53,135 ​ $ — ​ $ — Interest-bearing time deposits ​ 2,008 ​ — ​ 2,008 ​ — Stock in FHLB ​ 7,014 ​ — ​ 7,014 ​ — Stock in Federal Reserve Bank of St. Louis ​ 5,807 ​ — ​ 5,807 ​ — Loans receivable, net ​ 2,957,536 ​ — ​ — ​ 2,810,850 Accrued interest receivable ​ 14,373 ​ — ​ 14,373 ​ — Financial liabilities ​ ​ ​ ​ ​ ​ ​ ​ Deposits ​ 3,005,775 ​ 2,227,311 ​ — ​ 765,288 Advances from FHLB ​ 61,489 ​ — ​ 59,184 ​ — Accrued interest payable ​ 2,140 ​ — ​ 2,140 ​ — Subordinated debt ​ 23,080 ​ — ​ — ​ 20,783 Unrecognized financial instruments (net of contract amount) ​ ​ ​ ​ ​ ​ ​ ​ Commitments to originate loans ​ — ​ — ​ — ​ — Letters of credit ​ — ​ — ​ — ​ — Lines of credit ​ — ​ — ​ — ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2022 ​ ​ ​ ​ ​ 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 ​ $ 86,792 ​ $ 86,792 ​ $ — ​ $ — Interest-bearing time deposits ​ 4,768 ​ — ​ 4,768 ​ — Stock in FHLB ​ 5,893 ​ — ​ 5,893 ​ — Stock in Federal Reserve Bank of St. Louis ​ 5,790 ​ — ​ 5,790 ​ — Loans receivable, net ​ 2,686,198 ​ — ​ — ​ 2,655,882 Accrued interest receivable ​ 11,052 ​ — ​ 11,052 ​ — Financial liabilities ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Deposits ​ 2,815,075 ​ 2,176,444 ​ — ​ 637,163 Advances from FHLB ​ 37,957 ​ — ​ 35,916 ​ — Accrued interest payable ​ ​ 801 ​ — ​ 801 ​ — Subordinated debt ​ ​ 23,055 ​ — ​ — ​ 22,070 Unrecognized financial instruments (net of contract amount) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commitments to originate loans ​ — ​ — ​ — ​ — Letters of credit ​ — ​ — ​ — ​ — Lines of credit ​ — ​ — ​ — ​ — ​

Business Combinations

Business Combinations	6 Months Ended
	Dec. 31, 2022
Business Combinations
Business Combinations	​ ​ Note 12: Business Combinations ​ As noted in a current report on Form 8-K filed January 20, 2023, the Company announced the completion of the merger with Citizens Bancshares, Co., Kansas City, Missouri (“Citizens”), the former parent company of Citizens Bank and Trust Company, which has become a subsidiary of Southern Missouri effective with the closing of the merger. In late February 2023, the Company is planning to merge Citizens Bank and Trust Company with and into Southern Bank, coincident to the scheduled data systems conversion. At December 31, 2022, Citizens reported total consolidated assets of $973 million, including loans, net, of $463 million, and deposits of $838 million. On a pro forma basis, the combined entity will hold assets of approximately $4.4 billion, including loans, net, of $3.4 billion, and deposits of $3.8 billion. ​ On February 25, 2022, the Company completed its acquisition of Fortune, and its wholly owned subsidiary, Fortune Bank (“FB”), in a stock and cash transaction valued at approximately $35.5 million. ​ Under the acquisition method of accounting, the total purchase price is allocated to the net tangible and intangible assets acquired based on their estimated fair values on the date of the acquisition. Based on valuations of the fair value of tangible and intangible assets acquired and liabilities assumed, the purchase price for the Fortune acquisition is detailed in the following table. ​ ​ ​ ​ ​ Fortune Financial Corporation ​ ​ ​ Fair Value of Consideration Transferred ​ ​ (dollars in thousands) ​ ​ Cash ​ $ 12,664 Common stock, at fair value ​ ​ 22,884 Total consideration ​ $ 35,548 ​ ​ ​ Recognized amounts of identifiable assets acquired and liabilities assumed ​ ​ ​ ​ ​ Cash and cash equivalents ​ $ 34,280 Interest bearing time deposits ​ 2,300 Loans ​ 202,053 Premises and equipment ​ 7,690 BOLI ​ 3,720 Identifiable intangible assets ​ 1,602 Miscellaneous other assets ​ 3,512 ​ ​ ​ Deposits ​ (213,670) FHLB Advances ​ (9,681) Subordinated debt ​ (7,800) Miscellaneous other liabilities ​ ​ (1,214) Total identifiable net assets ​ ​ 22,792 Goodwill ​ $ 12,756 ​ Of the total purchase price, $1.6 million was allocated to core deposit intangible, and will be amortized over seven years on a straight line basis. Additionally, million was allocated to goodwill, and none of the purchase price is deductible. Goodwill is attributable to synergies and economies of scale expected from combining the operations of the Bank and Fortune. To the extent that management revises any of the fair value of the above fair value adjustments as a result of continuing evaluation, the amount of goodwill recorded in the acquisition will change. ​ The Company acquired the $204.1 million loan portfolio at an estimated fair value discount of $2.1 million. The excess of expected cash flows above the fair value of the performing portion of loans will be accreted to interest income over the remaining lives of the loans in accordance with ASC 310-30. Loans acquired that were not subject to guidance relating to PCD loans include loans with a fair value and gross contractual amounts receivable of million at the date of acquisition. Management identified ​ On December 15, 2021, the Company completed its acquisition of the Cairo, Illinois, branch of First National Bank, Oldham, South Dakota. The deal resulted in Southern Bank relocating its facility from its prior location to the First National Bank location in Cairo. The Company views the acquisition and updates to the new facility as an expression of its continuing commitment to the Cairo community. For the three- and six- month periods ended December 31, 2022, the Company incurred in the same periods of the prior fiscal year. ​ Based on valuations of the fair value of tangible and intangible assets acquired and liabilities assumed, the purchase price for the Cairo acquisition is detailed in the following table. ​ ​ ​ ​ ​ First National Bank - Cairo Branch ​ ​ ​ Fair Value of Consideration Transferred ​ ​ ​ (dollars in thousands) ​ ​ ​ Cash ​ $ (26,932) ​ ​ ​ Recognized amounts of identifiable assets acquired and liabilities assumed ​ ​ ​ ​ ​ Cash and cash equivalents ​ $ 220 Loans ​ 408 Premises and equipment ​ 468 Identifiable intangible assets ​ 168 Miscellaneous other assets ​ 1 ​ ​ ​ Deposits ​ (28,540) Miscellaneous other liabilities ​ ​ (99) Total identifiable net liabilities ​ ​ (27,374) Goodwill ​ $ 442 ​ Of the total purchase price, $168,000 was allocated to core deposit intangible, and will be amortized over seven years on a straight line basis. Additionally, was allocated to goodwill, and none of the purchase price is deductible. Goodwill is attributable to synergies and economies of scale expected from combining the operations of the Southern Bank existing facility with the acquired Cairo branch. ​

Organization and Summary of S_2

Organization and Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Dec. 31, 2022
Organization and Summary of Significant Accounting Policies
Organization	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	Basis of Financial Statement Presentation.
Principles of Consolidation	Principles of Consolidation. The condensed 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. financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change relate to the determination of the allowance for credit losses, estimated fair values of purchased loans, and certain other assumptions and judgmental factors relating to investment securities.
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 Allowance for Credit Losses (“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. The Company evaluates impaired AFS securities at the individual level on a quarterly basis, and considers 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 December 31, 2022, or June 30, 2022. 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. Loans are generally stated at unpaid principal balances, less the ACL, any net deferred loan origination fees, and unamortized premiums or discounts on purchased loans. Interest on loans is accrued based upon the principal amount outstanding. The accrual of interest on loans is discontinued when, in management’s judgment, the collectability of interest or principal in the normal course of business is doubtful. The Company complies with regulatory guidance which indicates that loans should be placed in nonaccrual status when 90 days past due, unless the loan is both well-secured and in the process of collection. A loan that is “in the process of collection” may be subject to legal action or, in appropriate circumstances, through other collection efforts reasonably expected to result in repayment or restoration to current status in the near future. A loan is considered delinquent when a payment has not been made by the contractual due date. Interest income previously accrued but not collected at the date a loan is placed on nonaccrual status is reversed against interest income. Cash receipts on a nonaccrual loan are applied to principal and interest in accordance with its contractual terms unless full payment of principal is not expected, in which case cash receipts, whether designated as principal or interest, are applied as a reduction of the carrying value of the loan. A nonaccrual loan is generally returned to accrual status when principal and interest payments are current, full collectability of principal and interest is reasonably assured, and a consistent record of performance has been demonstrated. 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 incorporates a reasonable and supportable forecast period of four quarters, and a four-quarter, straight-line reversion period to return to long-term 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 24 pools, which are homogeneous groups of loans that possess similar loss potential characteristics. The Company primarily utilizes the discounted cash flow (“DCF”) methodology for measurement of the required ACL. For a limited number of pools with a relatively small balance of unpaid principal balance, the Company utilizes the remaining life method. The DCF model implements probability of default (“PD”) and loss given default (“LGD”) calculations at the instrument level. PD and LGD are determined based on statistical analysis and correlation of historical losses with various economic factors over time. In general, the Company’s losses have not correlated well with economic factors, and the Company has utilized peer data where more appropriate. The Company defines a default to include 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. 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. 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.
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
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, if any, 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. The Company accounts for its Equity Incentive Plan (EIP), and Omnibus Incentive Plan (OIP) in accordance with ASC 718, “Share-Based Payment.” Compensation expense is based on the market price of the Company’s stock on the date the shares are granted and is recorded over the vesting period. The difference between the grant-date fair value and the fair value on the date the shares are considered earned represents a tax benefit to the Company that is recorded as an adjustment to income tax expense.
Outside Directors' Retirement	Outside Directors’ Retirement. In the event that the participant dies before collecting any or all of the benefits, the Bank shall pay the participant’s beneficiary. Benefits shall not 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 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 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 could have been 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. ​ In March 2020, the FASB issued ASU No. 2020-04, Reference Rate Reform (Topic 848): “Facilitation of the Effects of Reference Rate Reform on Financial Reporting,”. The amendments in this update provide optional guidance for a limited period to ease the potential burden in accounting for (or recognizing the effects of) reference rate reform on financial reporting. It provides optional expedients and exceptions for applying GAAP to contracts, hedging relationships, and other transactions affected by reference rate reform if certain criteria are met. The amendments in this update are effective for all entities as of March 12, 2020 through December 31, 2022. ​ In January 2021, the FASB issued ASU 2021-01, Reference Rate Reform (Topic 848): Scope. ASU 2021-01 clarifies that certain optional expedients and exceptions in ASC 848 for contract modifications and hedge accounting apply to derivatives that are affected by the discounting transition. ASU 2021-01 also amends the expedients and exceptions in ASC 848 to capture the incremental consequences of the scope clarification and to tailor the existing guidance to derivative instruments affected by the discounting transition. ASU 2021-01 was effective upon issuance and generally can be applied through December 31, 2022. ASU 2021-01 did not have a material impact on the Company’s consolidated financial statements. In March 2022, the FASB issued ASU No. 2022-02, “Financial Instruments – Credit Losses (Topic 326), Troubled Debt Restructurings and Vintage Disclosures. ASU 2022-02 eliminates the accounting guidance for TDRs in ASC 310-40, “Receivables – Troubled Debt Restructurings by Creditors” for entities that have adopted the CECL model introduced by ASU 2016-13, “Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments.” ASU 2022-02 also requires that public business entities disclose current-period gross charge offs by year of origination for financing receivables and net investments in leases within the scope of Subtopic 326-20, “Financial Instruments – Credit Losses – Measured at Amortized Cost.” ASU 2022-02 is effective for fiscal years beginning after December 15, 2022, for entities that have adopted the amendments in ASU 2016-13 Update, and is not expected to have a material impact on the consolidated financial statements.

Available for Sale Securities (

Available for Sale Securities (Tables)	6 Months Ended
	Dec. 31, 2022
Available for Sale Securities
Schedule of Available for Sale Securities	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022 ​ ​ ​ Gross Gross Allowance ​ Estimated ​ Amortized Unrealized Unrealized for Fair (dollars in thousands) Cost Gains Losses Credit Losses Value Debt and equity securities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Obligations of states and political subdivisions ​ $ 47,396 ​ $ 25 ​ $ (2,860) ​ $ — ​ $ 44,561 Corporate obligations ​ ​ 20,825 ​ ​ — ​ ​ (1,516) ​ ​ — ​ ​ 19,309 Other securities ​ 2,431 ​ — ​ (61) ​ — ​ 2,370 Total debt and equity securities ​ ​ 70,652 ​ ​ 25 ​ ​ (4,437) ​ ​ — ​ ​ 66,240 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Mortgage-backed securities (MBS) and collateralized mortgage obligations (CMOs): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential MBS issued by governmental sponsored enterprises (GSEs) ​ ​ 74,177 ​ ​ — ​ ​ (6,720) ​ ​ — ​ ​ 67,457 Commercial MBS issued by GSEs ​ ​ 53,131 ​ ​ — ​ ​ (6,163) ​ ​ — ​ ​ 46,968 CMOs issued by GSEs ​ ​ 57,454 ​ ​ — ​ ​ (6,730) ​ ​ — ​ ​ 50,724 Total MBS and CMOs ​ 184,762 ​ — ​ (19,613) ​ — ​ ​ 165,149 Total AFS securities ​ $ 255,414 ​ $ 25 ​ $ (24,050) ​ $ — ​ $ 231,389 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2022 ​ ​ ​ Gross Gross ​ Allowance ​ Estimated ​ Amortized Unrealized Unrealized for Fair (dollars in thousands) Cost Gains Losses Credit Losses Value ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Debt and equity securities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Obligations of states and political subdivisions ​ $ 47,383 ​ $ 77 ​ $ (2,981) ​ $ — ​ 44,479 Corporate obligations ​ ​ 20,818 ​ ​ 32 ​ ​ (963) ​ ​ — ​ ​ 19,887 Other securities ​ ​ 486 ​ — ​ (43) ​ — ​ ​ 443 Total debt and equity securities ​ ​ 68,687 ​ ​ 109 ​ ​ (3,987) ​ ​ — ​ ​ 64,809 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Mortgage-backed securities (MBS) and collateralized mortgage obligations (CMOs): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential MBS issued by governmental sponsored enterprises (GSEs) ​ ​ 76,345 ​ ​ — ​ ​ (7,177) ​ ​ — ​ ​ 69,168 Commercial MBS issued by GSEs ​ ​ 51,435 ​ ​ — ​ ​ (5,705) ​ ​ — ​ ​ 45,730 CMOs issued by GSEs ​ ​ 61,293 ​ ​ — ​ ​ (5,606) ​ ​ — ​ ​ 55,687 Total MBS and CMOs ​ 189,073 ​ — ​ (18,488) ​ — ​ 170,585 Total AFS securities ​ $ 257,760 ​ $ 109 ​ $ (22,475) ​ $ — ​ $ 235,394 ​
Schedule of amortized cost and fair value of available-for-sale securities, by contractual maturity	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022 ​ Amortized Estimated (dollars in thousands) Cost Fair Value Within one year ​ $ 2,512 ​ $ 2,491 After one year but less than five years ​ 12,943 ​ 12,444 After five years but less than ten years ​ 37,320 ​ 34,602 After ten years ​ 17,877 ​ 16,703 Total investment securities ​ 70,652 ​ 66,240 MBS and CMOs ​ 184,762 ​ 165,149 Total AFS securities ​ $ 255,414 ​ $ 231,389 ​
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022 ​ 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 ​ $ 26,509 ​ $ 721 ​ $ 13,953 ​ $ 2,139 ​ $ 40,462 ​ $ 2,860 Corporate obligations ​ ​ 7,957 ​ ​ 493 ​ ​ 11,352 ​ ​ 1,023 ​ ​ 19,309 ​ ​ 1,516 Other securities ​ ​ 1,960 ​ ​ 21 ​ ​ 386 ​ ​ 40 ​ ​ 2,346 ​ ​ 61 MBS and CMOs ​ 92,777 ​ 6,264 ​ 72,372 ​ 13,349 ​ 165,149 ​ 19,613 Total AFS securities ​ $ 129,203 ​ $ 7,499 ​ $ 98,063 ​ $ 16,551 ​ $ 227,266 ​ $ 24,050 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2022 ​ 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 ​ $ 31,985 ​ $ 2,639 ​ $ 1,600 ​ $ 342 ​ $ 33,585 ​ $ 2,981 Corporate obligations ​ ​ 10,944 ​ ​ 420 ​ ​ 6,911 ​ ​ 543 ​ ​ 17,855 ​ ​ 963 Other securities ​ ​ 418 ​ ​ 43 ​ ​ — ​ ​ — ​ ​ 418 ​ ​ 43 MBS and CMOs ​ 137,590 ​ 12,482 ​ 29,834 ​ 6,006 ​ 167,424 ​ 18,488 Total AFS securities ​ $ 180,937 ​ $ 15,584 ​ $ 38,345 ​ $ 6,891 ​ $ 219,282 ​ $ 22,475 ​

Loans and Allowance for Credi_2

Loans and Allowance for Credit Losses (Tables)	6 Months Ended
	Dec. 31, 2022
Loans and Allowance for Credit Losses
Schedule of classes of loans	​ ​ ​ ​ ​ ​ ​ ​ (dollars in thousands) December 31, 2022 June 30, 2022 Real Estate Loans: ​ ​ ​ ​ ​ ​ Residential ​ $ 1,029,793 ​ $ 904,160 Construction ​ 365,398 ​ 258,072 Commercial ​ 1,246,447 ​ 1,146,673 Consumer loans ​ 103,756 ​ 92,996 Commercial loans ​ 460,220 ​ 441,598 ​ ​ 3,205,614 ​ 2,843,499 Loans in process ​ (210,250) ​ (123,656) Deferred loan fees, net ​ (345) ​ (453) Allowance for credit losses ​ (37,483) ​ (33,192) Total loans ​ $ 2,957,536 ​ $ 2,686,198 ​
Loans that the Company acquired from Fortune, PCD loans	​ ​ ​ ​ ​ (dollars in thousands) February 25, 2022 PCD Loans: ​ ​ ​ Purchase price of PCD loans at acquisition ​ $ 15,055 Allowance for credit losses at acquisition ​ (120) Fair value of PCD loans at acquisition ​ $ 14,935 ​
Schedule of balance in the allowance for loan losses and the recorded investment in loans based on portfolio segment and impairment methods	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At period end and for the six months ended December 31, 2022 ​ Residential ​ Construction Commercial ​ ​ ​ ​ ​ ​ ​ ​ (dollars in thousands) Real Estate Real Estate Real Estate Consumer Commercial Total Allowance for credit losses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance, beginning of period ​ $ 8,908 ​ $ 2,220 ​ $ 16,838 ​ $ 710 ​ $ 4,516 ​ $ 33,192 Provision charged to expense ​ 3,592 ​ 534 ​ 213 ​ 118 ​ 158 ​ 4,615 Losses charged off ​ (2) ​ — ​ (245) ​ (76) ​ (17) ​ (340) Recoveries ​ 1 ​ — ​ — ​ 9 ​ 6 ​ 16 Balance, end of period ​ $ 12,499 ​ $ 2,754 ​ $ 16,806 ​ $ 761 ​ $ 4,663 ​ $ 37,483 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At period end and for the three months ended December 31, 2022 ​ ​ Residential ​ Construction ​ Commercial ​ ​ ​ ​ ​ ​ ​ ​ (dollars in thousands) Real Estate Real Estate Real Estate Consumer Commercial Total Allowance for loan losses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance, beginning of period $ 11,937 $ 2,503 $ 17,886 $ 693 $ 4,399 $ 37,418 Provision (benefit) charged to expense ​ ​ 562 ​ ​ 251 ​ ​ (835) ​ ​ 106 ​ ​ 281 ​ ​ 365 Losses charged off ​ ​ — ​ ​ — ​ ​ (245) ​ ​ (41) ​ ​ (17) ​ ​ (303) Recoveries ​ ​ — ​ ​ — ​ ​ — ​ ​ 3 ​ ​ — ​ ​ 3 Balance, end of period $ 12,499 $ 2,754 $ 16,806 $ 761 $ 4,663 $ 37,483 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At period end and for the six months ended December 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 ​ $ 11,192 ​ $ 2,170 ​ $ 14,535 ​ $ 916 ​ $ 4,409 ​ $ 33,222 Provision (benefit) charged to expense ​ (404) ​ (44) ​ 192 ​ (112) ​ (311) ​ (679) Losses charged off ​ (32) ​ — ​ — ​ (25) ​ (11) ​ (68) Recoveries ​ 1 ​ — ​ — ​ 51 ​ 2 ​ 54 Balance, end of period ​ $ 10,757 ​ $ 2,126 ​ $ 14,727 ​ $ 830 ​ $ 4,089 ​ $ 32,529 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At period end and for the three months ended December 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 $ 10,634 $ 2,045 $ 14,883 $ 873 $ 4,108 $ 32,543 Provision (benefit) charged to expense ​ ​ 123 ​ ​ 81 ​ ​ (156) ​ ​ (40) ​ ​ (8) ​ ​ — Losses charged off ​ ​ — ​ ​ — ​ ​ — ​ ​ (13) ​ ​ (11) ​ ​ (24) Recoveries ​ ​ — ​ ​ — ​ ​ — ​ ​ 10 ​ ​ — ​ ​ 10 Balance, end of period $ 10,757 $ 2,126 $ 14,727 $ 830 $ 4,089 $ 32,529 ​ ​
Schedule of Allowance for off-balance credit exposure	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At period end and for the six months ended December 31, 2022 ​ Residential ​ ​ Construction ​ Commercial ​ ​ ​ ​ ​ ​ ​ ​ (dollars in thousands) Real Estate Real Estate Real Estate Consumer Commercial Total Allowance for off-balance sheet credit exposure: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance, beginning of period ​ $ 58 ​ $ 2,178 ​ $ 421 ​ $ 61 ​ $ 640 ​ $ 3,358 Provision (benefit) charged to expense ​ ​ 12 ​ ​ 1,451 ​ ​ 59 ​ ​ (5) ​ ​ 62 ​ ​ 1,579 Balance, end of period ​ $ 70 ​ $ 3,629 ​ $ 480 ​ $ 56 ​ $ 702 ​ $ 4,937 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At period end and for the three months ended December 31, 2022 ​ Residential ​ ​ Construction ​ Commercial ​ ​ ​ ​ ​ ​ ​ ​ (dollars in thousands) Real Estate Real Estate Real Estate Consumer Commercial Total Allowance for off-balance sheet credit exposure: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance, beginning of period ​ $ 193 ​ $ 2,897 ​ $ 528 ​ $ 61 ​ $ 485 ​ $ 4,164 Provision (benefit) charged to expense ​ ​ (123) ​ ​ 732 ​ ​ (48) ​ ​ (5) ​ ​ 217 ​ ​ 773 Balance, end of period ​ $ 70 ​ $ 3,629 ​ $ 480 ​ $ 56 ​ $ 702 ​ $ 4,937 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At period end and for the six months ended December 31, 2021 ​ Residential ​ ​ Construction ​ Commercial ​ ​ ​ ​ ​ ​ ​ ​ (dollars in thousands) Real Estate Real Estate Real Estate Consumer Commercial Total Allowance for off-balance sheet credit exposure: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance, beginning of period ​ $ 37 ​ $ 502 ​ $ 188 ​ $ 218 ​ $ 860 ​ $ 1,805 Provision (benefit) charged to expense ​ ​ (3) ​ ​ 1,171 ​ ​ (18) ​ ​ (160) ​ ​ (616) ​ ​ 374 Balance, end of period ​ $ 34 ​ $ 1,673 ​ $ 170 ​ $ 58 ​ $ 244 ​ $ 2,179 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At period end and for the three months ended December 31, 2021 ​ Residential ​ ​ Construction ​ Commercial ​ ​ ​ ​ ​ ​ ​ ​ (dollars in thousands) Real Estate Real Estate Real Estate Consumer Commercial Total Allowance for off-balance sheet credit exposure: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance, beginning of period ​ $ 34 ​ $ 1,673 ​ $ 170 ​ $ 58 ​ $ 244 ​ $ 2,179 Provision (benefit) charged to expense ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Balance, end of period ​ $ 34 ​ $ 1,673 ​ $ 170 ​ $ 58 ​ $ 244 ​ $ 2,179 ​ ​
Schedule of credit risk profile of the Company's loan portfolio based on rating category and payment activity	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (dollars in thousands) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Revolving ​ ​ ​ December 31, 2023 2022 2021 2020 2019 Prior loans Total Residential Real Estate ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 219,153 ​ $ 341,034 ​ $ 262,113 ​ $ 110,057 ​ $ 16,329 ​ $ 69,239 ​ $ 5,602 ​ $ 1,023,527 Watch ​ — ​ 338 ​ 467 ​ 2,348 ​ 120 ​ 28 ​ 49 ​ 3,350 Special Mention ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — Substandard ​ 848 ​ 329 ​ 544 ​ 489 ​ 268 ​ 438 ​ — ​ 2,916 Doubtful ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — Total Residential Real Estate ​ $ 220,001 ​ $ 341,701 ​ $ 263,124 ​ $ 112,894 ​ $ 16,717 ​ $ 69,705 ​ $ 5,651 ​ $ 1,029,793 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Construction Real Estate ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 69,674 ​ $ 65,207 ​ $ 17,427 ​ $ — ​ $ — ​ $ — ​ $ 2,840 ​ $ 155,148 Watch ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — Special Mention ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — Substandard ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — Doubtful ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — Total Construction Real Estate ​ $ 69,674 ​ $ 65,207 ​ $ 17,427 ​ $ — ​ $ — ​ $ — ​ $ 2,840 ​ $ 155,148 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial Real Estate ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 209,157 ​ $ 450,360 ​ $ 262,027 ​ $ 86,418 ​ $ 61,274 ​ $ 95,839 ​ $ 27,775 ​ $ 1,192,850 Watch ​ 6,525 ​ 7,309 ​ 167 ​ 4,378 ​ — ​ 2,014 ​ 720 ​ 21,113 Special Mention ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — Substandard ​ 888 ​ 30,977 ​ — ​ 3 ​ 12 ​ 89 ​ 515 ​ 32,484 Doubtful ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — Total Commercial Real Estate ​ $ 216,570 ​ $ 488,646 ​ $ 262,194 ​ $ 90,799 ​ $ 61,286 ​ $ 97,942 ​ $ 29,010 ​ $ 1,246,447 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Consumer ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 19,088 ​ $ 20,649 ​ $ 7,613 ​ $ 2,421 ​ $ 985 ​ $ 1,320 ​ $ 51,433 ​ $ 103,509 Watch ​ 56 ​ — ​ 66 ​ 12 ​ — ​ — ​ — ​ 134 Special Mention ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — Substandard ​ — ​ 14 ​ 59 ​ 9 ​ — ​ 31 ​ — ​ 113 Doubtful ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — Total Consumer ​ $ 19,144 ​ $ 20,663 ​ $ 7,738 ​ $ 2,442 ​ $ 985 ​ $ 1,351 ​ $ 51,433 ​ $ 103,756 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 71,947 ​ $ 84,200 ​ $ 74,375 ​ $ 12,712 ​ $ 8,560 ​ $ 9,020 ​ $ 192,625 ​ $ 453,439 Watch ​ 688 ​ 1,412 ​ 115 ​ 76 ​ 6 ​ — ​ 2,421 ​ 4,718 Special Mention ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — Substandard ​ 172 ​ 1,332 ​ 39 ​ — ​ 31 ​ — ​ 489 ​ 2,063 Doubtful ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — Total Commercial ​ $ 72,807 ​ $ 86,944 ​ $ 74,529 ​ $ 12,788 ​ $ 8,597 ​ $ 9,020 ​ $ 195,535 ​ $ 460,220 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 589,019 ​ $ 961,450 ​ $ 623,555 ​ $ 211,608 ​ $ 87,148 ​ $ 175,418 ​ $ 280,275 ​ $ 2,928,473 Watch ​ 7,269 ​ 9,059 ​ 815 ​ 6,814 ​ 126 ​ 2,042 ​ 3,190 ​ 29,315 Special Mention ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — Substandard ​ 1,908 ​ 32,652 ​ 642 ​ 501 ​ 311 ​ 558 ​ 1,004 ​ 37,576 Doubtful ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — Total ​ $ 598,196 ​ $ 1,003,161 ​ $ 625,012 ​ $ 218,923 ​ $ 87,585 ​ $ 178,018 ​ $ 284,469 ​ $ 2,995,364 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (dollars in thousands) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Revolving ​ ​ ​ June 30, 2022 2021 2020 2019 2018 Prior loans Total Residential Real Estate ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 380,502 ​ $ 295,260 ​ $ 118,464 ​ $ 19,383 ​ $ 22,143 ​ $ 58,545 ​ $ 6,074 ​ $ 900,371 Watch ​ 44 ​ 242 ​ 1,083 ​ 56 ​ — ​ 30 ​ — ​ 1,455 Special Mention ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — Substandard ​ 266 ​ 918 ​ 87 ​ 440 ​ 18 ​ 605 ​ — ​ 2,334 Doubtful ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — Total Residential Real Estate ​ $ 380,812 ​ $ 296,420 ​ $ 119,634 ​ $ 19,879 ​ $ 22,161 ​ $ 59,180 ​ $ 6,074 ​ $ 904,160 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Construction Real Estate ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 100,114 ​ $ 34,082 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 220 ​ $ 134,416 Watch ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — Special Mention ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — Substandard ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — Doubtful ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — Total Construction Real Estate ​ $ 100,114 ​ $ 34,082 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 220 ​ $ 134,416 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial Real Estate ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 487,486 ​ $ 284,736 ​ $ 105,893 ​ $ 71,380 ​ $ 51,804 ​ $ 78,115 ​ $ 23,669 ​ $ 1,103,083 Watch ​ 4,763 ​ 769 ​ 1,818 ​ — ​ 668 ​ 2,000 ​ 548 ​ 10,566 Special Mention ​ 9,297 ​ — ​ — ​ — ​ — ​ — ​ — ​ 9,297 Substandard ​ 22,086 ​ 481 ​ 140 ​ 13 ​ 22 ​ 93 ​ 65 ​ 22,900 Doubtful ​ 827 ​ — ​ — ​ — ​ — ​ — ​ — ​ 827 Total Commercial Real Estate ​ $ 524,459 ​ $ 285,986 ​ $ 107,851 ​ $ 71,393 ​ $ 52,494 ​ $ 80,208 ​ $ 24,282 ​ $ 1,146,673 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Consumer ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 28,519 ​ $ 10,989 ​ $ 3,662 ​ $ 1,524 ​ $ 916 ​ $ 676 ​ $ 46,521 ​ $ 92,807 Watch ​ 21 ​ 71 ​ — ​ — ​ — ​ — ​ — ​ 92 Special Mention ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — Substandard ​ 23 ​ 6 ​ 4 ​ — ​ 10 ​ 31 ​ 23 ​ 97 Doubtful ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — Total Consumer ​ $ 28,563 ​ $ 11,066 ​ $ 3,666 ​ $ 1,524 ​ $ 926 ​ $ 707 ​ $ 46,544 ​ $ 92,996 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 111,370 ​ $ 93,906 ​ $ 20,795 ​ $ 10,496 ​ $ 3,253 ​ $ 7,612 ​ $ 190,235 ​ $ 437,667 Watch ​ 1,319 ​ 194 ​ 38 ​ 6 ​ — ​ 186 ​ 1,206 ​ 2,949 Special Mention ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — Substandard ​ 295 ​ 11 ​ — ​ 186 ​ — ​ 167 ​ 323 ​ 982 Doubtful ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — Total Commercial ​ $ 112,984 ​ $ 94,111 ​ $ 20,833 ​ $ 10,688 ​ $ 3,253 ​ $ 7,965 ​ $ 191,764 ​ $ 441,598 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 1,107,991 ​ $ 718,973 ​ $ 248,814 ​ $ 102,783 ​ $ 78,116 ​ $ 144,948 ​ $ 266,719 ​ $ 2,668,344 Watch ​ 6,147 ​ 1,276 ​ 2,939 ​ 62 ​ 668 ​ 2,216 ​ 1,754 ​ 15,062 Special Mention ​ 9,297 ​ — ​ — ​ — ​ — ​ — ​ — ​ 9,297 Substandard ​ 22,670 ​ 1,416 ​ 231 ​ 639 ​ 50 ​ 896 ​ 411 ​ 26,313 Doubtful ​ 827 ​ — ​ — ​ — ​ — ​ — ​ — ​ 827 Total ​ $ 1,146,932 ​ $ 721,665 ​ $ 251,984 ​ $ 103,484 ​ $ 78,834 ​ $ 148,060 ​ $ 268,884 ​ $ 2,719,843 ​
Schedule of company's loan portfolio aging analysis	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022 ​ ​ ​ ​ ​ ​ ​ ​ Greater Than ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Greater Than 90 ​ ​ 30-59 Days ​ 60-89 Days ​ 90 Days ​ Total ​ ​ ​ ​ Total Loans ​ Days Past Due ​ Past Due Past Due Past Due Past Due Current Receivable and Accruing (dollars in thousands) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Real Estate Loans: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential ​ $ 1,727 ​ $ 862 ​ $ 868 ​ $ 3,457 ​ $ 1,026,336 ​ $ 1,029,793 ​ $ 331 Construction ​ — ​ — ​ — ​ — ​ 155,148 ​ 155,148 ​ — Commercial ​ 1,868 ​ 1,075 ​ 198 ​ 3,141 ​ 1,243,306 ​ 1,246,447 ​ — Consumer loans ​ 693 ​ 130 ​ 257 ​ 1,080 ​ 102,676 ​ 103,756 ​ — Commercial loans ​ 189 ​ 731 ​ 253 ​ 1,173 ​ 459,047 ​ 460,220 ​ — Total loans ​ $ 4,477 ​ $ 2,798 ​ $ 1,576 ​ $ 8,851 ​ $ 2,986,513 ​ $ 2,995,364 ​ $ 331 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2022 ​ ​ ​ ​ ​ ​ ​ ​ Greater Than ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Greater Than 90 ​ ​ 30-59 Days ​ 60-89 Days ​ 90 Days ​ Total ​ ​ ​ ​ Total Loans ​ Days Past Due ​ Past Due Past Due Past Due Past Due Current Receivable and Accruing (dollars in thousands) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Real Estate Loans: ​ ​ ​ ​ ​ ​ ​ Residential ​ $ 1,402 ​ $ — ​ $ 1,064 ​ $ 2,466 ​ $ 901,694 ​ $ 904,160 ​ $ — Construction ​ — ​ — ​ — ​ — ​ 134,416 ​ 134,416 ​ — Commercial ​ 416 ​ 615 ​ 288 ​ 1,319 ​ 1,145,354 ​ 1,146,673 ​ — Consumer loans ​ 340 ​ 45 ​ 57 ​ 442 ​ 92,554 ​ 92,996 ​ — Commercial loans ​ 274 ​ 72 ​ 13 ​ 359 ​ 441,239 ​ 441,598 ​ — Total loans ​ $ 2,432 ​ $ 732 ​ $ 1,422 ​ $ 4,586 ​ $ 2,715,257 ​ $ 2,719,843 ​ $ — ​
Schedule of company's collateral dependent loans and related ACL	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022 ​ ​ Amortized cost basis of ​ ​ ​ ​ ​ loans determined to be ​ Related allowance (dollars in thousands) ​ collateral dependent ​ for credit losses Residential real estate loans ​ ​ 1- to 4-family residential loans $ 848 ​ $ 176 Total loans ​ $ 848 ​ $ 176 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2022 ​ ​ Amortized cost basis of ​ ​ ​ ​ ​ loans determined to be ​ Related allowance (dollars in thousands) ​ collateral dependent ​ for credit losses Residential real estate loans ​ ​ 1- to 4-family residential loans $ 864 ​ $ 193 Total loans ​ $ 864 ​ $ 193 ​ ​
Schedule of Company's nonaccrual loans	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (dollars in thousands) ​ December 31, 2022 ​ June 30, 2022 Residential real estate ​ $ 1,771 ​ $ 1,647 ​ Construction real estate ​ — ​ — ​ Commercial real estate ​ 1,706 ​ 2,259 ​ Consumer loans ​ 257 ​ 73 ​ Commercial loans ​ 725 ​ 139 ​ Total loans ​ $ 4,459 ​ $ 4,118 ​ ​
Certain loans modified classified as TDRs	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the six-month periods ended ​ ​ December 31, 2022 ​ December 31, 2021 ​ ​ Number of ​ Recorded ​ Number of ​ Recorded (dollars in thousands) modifications Investment modifications Investment Residential real estate — $ — 1 $ 151 Construction real estate — ​ ​ — — ​ ​ — Commercial real estate — ​ ​ — — ​ ​ — Consumer loans — ​ ​ — — ​ ​ — Commercial loans — ​ ​ — — ​ ​ — Total — $ — 1 $ 151 ​
Performing loans classified as TDRs and outstanding , segregated by class	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022 ​ June 30, 2022 ​ ​ Number of ​ Recorded ​ Number of ​ Recorded (dollars in thousands) modifications Investment modifications Investment Residential real estate 10 ​ $ 3,337 11 ​ $ 3,625 Construction real estate — ​ — — ​ — Commercial real estate 8 ​ 24,681 8 ​ 25,132 Consumer loans — ​ — — ​ — Commercial loans 6 ​ 2,232 8 ​ 1,849 Total 24 ​ $ 30,250 27 ​ $ 30,606 ​

Premises and Equipment (Tables)

Premises and Equipment (Tables)	6 Months Ended
	Dec. 31, 2022
Premises and Equipment
Schedule of summary of premises and equipment	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (dollars in thousands) December 31, 2022 June 30, 2022 ​ Land ​ $ 12,709 ​ $ 13,532 ​ Buildings and improvements ​ 62,118 ​ 64,730 ​ Construction in progress ​ 757 ​ 142 ​ Furniture, fixtures, equipment and software ​ 21,532 ​ 20,838 ​ Automobiles ​ 120 ​ 120 ​ Operating leases ROU asset ​ 3,767 ​ 3,849 ​ ​ ​ 101,003 ​ 103,211 ​ Less accumulated depreciation ​ 33,550 ​ 31,864 ​ ​ ​ $ 67,453 ​ $ 71,347 ​ ​
Schedule of calculated amount of right of use assets and lease liabilities	​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022 June 30, 2022 Consolidated Balance Sheet ​ ​ Operating leases ROU asset ​ $ 3,767 ​ $ 3,849 Operating leases liability ​ $ 3,767 ​ $ 3,849 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the three-month periods ended ​ For the six-month periods ended ​ ​ ​ December 31, ​ December 31, ​ ​ (dollars in thousands) 2022 2021 ​ 2022 ​ 2021 ​ ​ Consolidated Statement of Income ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Operating lease costs classified as occupancy and equipment expense ​ $ 143 ​ $ 98 ​ $ 279 ​ $ 199 ​ ​ (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 ​ $ 103 ​ $ 85 ​ $ 206 ​ $ 169 ​ ​ ROU assets obtained in exchange for operating lease obligations: ​ $ — ​ $ — ​ $ — ​ $ — ​ ​ ​
Schedule of Future Minimum Rental Payments for Operating Leases	​ ​ ​ ​ ​ (dollars in thousands) ​ 2023 ​ $ 250 2024 ​ 442 2025 ​ 437 2026 ​ 433 2027 ​ 417 Thereafter ​ 4,063 Future lease payments expected ​ $ 6,042 ​

Deposits (Tables)

Deposits (Tables)	6 Months Ended
	Dec. 31, 2022
Deposits [Abstract]
Schedule of deposits	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (dollars in thousands) December 31, 2022 June 30, 2022 Non-interest bearing accounts ​ $ 447,621 ​ $ 426,929 ​ NOW accounts ​ 1,171,388 ​ 1,171,620 ​ Money market deposit accounts ​ 360,606 ​ 303,612 ​ Savings accounts ​ 247,679 ​ 274,283 ​ Certificates ​ ​ 778,481 ​ ​ 638,631 ​ Total Deposit Accounts ​ $ 3,005,775 ​ $ 2,815,075 ​

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Dec. 31, 2022
Earnings Per Share
Schedule of Earnings Per Share, Basic and Diluted	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ended Six months ended ​ ​ ​ December 31, December 31, ​ (dollars in thousands except per share data) 2022 2021 2022 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net income ​ $ 11,664 ​ $ 11,985 ​ $ 21,267 ​ $ 24,731 ​ Less: distributed earnings allocated to participating securities ​ (9) ​ (8) ​ (17) ​ (14) ​ Less: undistributed earnings allocated to participating securities ​ (43) ​ (46) ​ (78) ​ (85) ​ Net income available to common shareholders ​ $ 11,612 ​ $ 11,931 ​ $ 21,172 ​ $ 24,632 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted-average common shares outstanding, including participating securities ​ 9,229,151 ​ 8,887,303 ​ 9,229,060 ​ 8,893,149 ​ Less: weighted-average participating securities outstanding (restricted shares) ​ (41,270) ​ (39,920) ​ (41,270) ​ (35,883) ​ Denominator for basic earnings per share - ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted-average shares outstanding ​ 9,187,881 ​ 8,847,383 ​ 9,187,790 ​ 8,857,266 ​ Effect of dilutive securities stock options or awards ​ 22,369 ​ 21,780 ​ 22,512 ​ 15,977 ​ Denominator for diluted earnings per share ​ ​ 9,210,250 ​ ​ 8,869,163 ​ ​ 9,210,302 ​ ​ 8,873,243 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Basic earnings per share available to common stockholders ​ $ 1.26 ​ $ 1.35 ​ $ 2.30 ​ $ 2.78 ​ Diluted earnings per share available to common stockholders ​ $ 1.26 ​ $ 1.35 ​ $ 2.30 ​ $ 2.78 ​ ​

Income Taxes (Tables)

Income Taxes (Tables)	6 Months Ended
	Dec. 31, 2022
Income Taxes
Schedule of Income Tax Provision	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the three-month periods ended For the six-month periods ended (dollars in thousands) ​ December 31, 2022 ​ December 31, 2021 ​ December 31, 2022 ​ December 31, 2021 Income taxes ​ ​ ​ ​ ​ Current ​ $ 3,261 ​ $ 2,785 ​ $ 5,697 ​ $ 6,262 Deferred ​ 6 ​ 503 ​ 13 ​ 513 Total income tax provision ​ $ 3,267 ​ $ 3,288 ​ $ 5,710 ​ $ 6,775 ​
Schedule of components of net deferred tax assets	​ ​ ​ ​ ​ ​ ​ ​ (dollars in thousands) December 31, 2022 June 30, 2022 Deferred tax assets: ​ ​ Provision for losses on loans ​ $ 9,066 ​ $ 7,761 Accrued compensation and benefits ​ 692 ​ 828 NOL carry forwards acquired ​ 206 ​ 57 Unrealized loss on other real estate ​ 72 ​ 72 Unrealized loss on available for sale securities ​ ​ 5,285 ​ ​ 4,921 Total deferred tax assets ​ 15,321 ​ 13,639 ​ ​ ​ ​ ​ ​ ​ Deferred tax liabilities: ​ ​ ​ ​ Purchase accounting adjustments ​ 295 ​ 224 Depreciation ​ 1,668 ​ 1,974 FHLB stock dividends ​ 120 ​ 120 Prepaid expenses ​ 459 ​ 415 Other ​ 1,703 ​ 181 Total deferred tax liabilities ​ 4,245 ​ 2,914 Net deferred tax asset ​ $ 11,076 ​ $ 10,725 ​
Schedule of reconciliation of income tax expense at the statutory rate	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the three-month periods ended For the six-month periods ended ​ (dollars in thousands) ​ December 31, 2022 ​ December 31, 2021 ​ December 31, 2022 ​ December 31, 2021 ​ Tax at statutory rate ​ $ 3,136 ​ $ 3,207 ​ $ 5,665 ​ $ 6,616 ​ Increase (reduction) in taxes resulting from: ​ ​ ​ ​ ​ ​ ​ ​ ​ Nontaxable municipal income ​ (76) ​ (87) ​ (157) ​ (193) ​ State tax, net of Federal benefit ​ 165 ​ 216 ​ 179 ​ 468 ​ Cash surrender value of Bank-owned life insurance ​ (67) ​ (59) ​ (134) ​ (118) ​ Tax credit benefits ​ (2) ​ (10) ​ (4) ​ (21) ​ Other, net ​ 111 ​ 21 ​ 161 ​ 23 ​ Actual provision ​ $ 3,267 ​ $ 3,288 ​ $ 5,710 ​ $ 6,775 ​ ​

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Dec. 31, 2022
Fair Value Measurements
Fair Value, Assets Measured on Recurring Basis	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value Measurements at December 31, 2022 ​ ​ ​ ​ ​ 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) Obligations of state and political subdivisions ​ $ 44,561 ​ $ — ​ $ 44,561 ​ $ — Corporate obligations ​ ​ 19,309 ​ ​ — ​ ​ 19,309 ​ ​ — Other securities ​ 2,370 ​ — ​ 2,370 ​ — MBS and CMOs ​ 165,149 ​ — ​ 165,149 ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value Measurements at June 30, 2022, 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) Obligations of state and political subdivisions ​ $ 44,479 ​ $ — ​ $ 44,479 ​ $ — Corporate obligations ​ ​ 19,887 ​ ​ — ​ ​ 19,887 ​ ​ — Other securities ​ 443 ​ — ​ 443 ​ — MBS and CMOs ​ 170,585 ​ — ​ 170,585 ​ — ​
Losses Recognized on Assets Measured on a Nonrecurring Basis	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the six months ended ​ (dollars in thousands) ​ December 31, 2022 ​ December 31, 2021 ​ Foreclosed and repossessed assets held for sale ​ $ 35 ​ $ (285) ​ Total gains (losses) on assets measured on a non-recurring basis ​ $ 35 ​ $ (285) ​ ​
Schedule of Financial Instruments	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022 ​ ​ ​ ​ ​ 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 ​ $ 53,135 ​ $ 53,135 ​ $ — ​ $ — Interest-bearing time deposits ​ 2,008 ​ — ​ 2,008 ​ — Stock in FHLB ​ 7,014 ​ — ​ 7,014 ​ — Stock in Federal Reserve Bank of St. Louis ​ 5,807 ​ — ​ 5,807 ​ — Loans receivable, net ​ 2,957,536 ​ — ​ — ​ 2,810,850 Accrued interest receivable ​ 14,373 ​ — ​ 14,373 ​ — Financial liabilities ​ ​ ​ ​ ​ ​ ​ ​ Deposits ​ 3,005,775 ​ 2,227,311 ​ — ​ 765,288 Advances from FHLB ​ 61,489 ​ — ​ 59,184 ​ — Accrued interest payable ​ 2,140 ​ — ​ 2,140 ​ — Subordinated debt ​ 23,080 ​ — ​ — ​ 20,783 Unrecognized financial instruments (net of contract amount) ​ ​ ​ ​ ​ ​ ​ ​ Commitments to originate loans ​ — ​ — ​ — ​ — Letters of credit ​ — ​ — ​ — ​ — Lines of credit ​ — ​ — ​ — ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2022 ​ ​ ​ ​ ​ 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 ​ $ 86,792 ​ $ 86,792 ​ $ — ​ $ — Interest-bearing time deposits ​ 4,768 ​ — ​ 4,768 ​ — Stock in FHLB ​ 5,893 ​ — ​ 5,893 ​ — Stock in Federal Reserve Bank of St. Louis ​ 5,790 ​ — ​ 5,790 ​ — Loans receivable, net ​ 2,686,198 ​ — ​ — ​ 2,655,882 Accrued interest receivable ​ 11,052 ​ — ​ 11,052 ​ — Financial liabilities ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Deposits ​ 2,815,075 ​ 2,176,444 ​ — ​ 637,163 Advances from FHLB ​ 37,957 ​ — ​ 35,916 ​ — Accrued interest payable ​ ​ 801 ​ — ​ 801 ​ — Subordinated debt ​ ​ 23,055 ​ — ​ — ​ 22,070 Unrecognized financial instruments (net of contract amount) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commitments to originate loans ​ — ​ — ​ — ​ — Letters of credit ​ — ​ — ​ — ​ — Lines of credit ​ — ​ — ​ — ​ —

Business Combinations (Tables)

Business Combinations (Tables)	6 Months Ended
	Dec. 31, 2022
Fortune Financial Corporation
Schedule of Purchase price	​ ​ ​ ​ ​ Fortune Financial Corporation ​ ​ ​ Fair Value of Consideration Transferred ​ ​ (dollars in thousands) ​ ​ Cash ​ $ 12,664 Common stock, at fair value ​ ​ 22,884 Total consideration ​ $ 35,548 ​ ​ ​ Recognized amounts of identifiable assets acquired and liabilities assumed ​ ​ ​ ​ ​ Cash and cash equivalents ​ $ 34,280 Interest bearing time deposits ​ 2,300 Loans ​ 202,053 Premises and equipment ​ 7,690 BOLI ​ 3,720 Identifiable intangible assets ​ 1,602 Miscellaneous other assets ​ 3,512 ​ ​ ​ Deposits ​ (213,670) FHLB Advances ​ (9,681) Subordinated debt ​ (7,800) Miscellaneous other liabilities ​ ​ (1,214) Total identifiable net assets ​ ​ 22,792 Goodwill ​ $ 12,756 ​
First National Bank, Cairo
Schedule of Purchase price	​ ​ ​ ​ ​ First National Bank - Cairo Branch ​ ​ ​ Fair Value of Consideration Transferred ​ ​ ​ (dollars in thousands) ​ ​ ​ Cash ​ $ (26,932) ​ ​ ​ Recognized amounts of identifiable assets acquired and liabilities assumed ​ ​ ​ ​ ​ Cash and cash equivalents ​ $ 220 Loans ​ 408 Premises and equipment ​ 468 Identifiable intangible assets ​ 168 Miscellaneous other assets ​ 1 ​ ​ ​ Deposits ​ (28,540) Miscellaneous other liabilities ​ ​ (99) Total identifiable net liabilities ​ ​ (27,374) Goodwill ​ $ 442 ​

Organization and Summary of S_3

Organization and Summary of Significant Accounting Policies - Organization (Details) $ in Billions	Dec. 31, 2022 USD ($)
Organization and Summary of Significant Accounting Policies
Assets of the REIT	$ 1.3

Organization and Summary of S_4

Organization and Summary of Significant Accounting Policies - Cash and Cash Equivalents (Details) - USD ($) $ in Millions	6 Months Ended
	Dec. 31, 2022	Jun. 30, 2022
Cash and Cash Equivalents [Line Items]
Term of interest bearing deposits	7 years
Interest-bearing deposits in other depository institutions
Cash and Cash Equivalents [Line Items]
Cash	$ 4.3	$ 47.3
Deposits are held in various commercial banks
Cash and Cash Equivalents [Line Items]
Cash	$ 1.8	$ 5.8

Organization and Summary of S_5

Organization and Summary of Significant Accounting Policies - Loans (Details)	6 Months Ended
	Dec. 31, 2022 item
Organization and Summary of Significant Accounting Policies
Number of loan portfolio pools	24

Organization and Summary of S_6

Organization and Summary of Significant Accounting Policies - Premises and Equipment (Details)	6 Months Ended
	Dec. 31, 2022
Software
Property, Plant and Equipment [Line Items]
Estimated lives (in years)	3 years
Minimum | Premises
Property, Plant and Equipment [Line Items]
Estimated lives (in years)	7 years
Minimum | Equipment
Property, Plant and Equipment [Line Items]
Estimated lives (in years)	3 years
Maximum | Premises
Property, Plant and Equipment [Line Items]
Estimated lives (in years)	40 years
Maximum | Equipment
Property, Plant and Equipment [Line Items]
Estimated lives (in years)	7 years

Organization and Summary of S_7

Organization and Summary of Significant Accounting Policies - Goodwill and Intangible Assets (Details) - USD ($)	6 Months Ended	12 Months Ended
	Dec. 31, 2022	Jun. 30, 2022
Finite-Lived Intangible Assets [Line Items]
Impairment loss on goodwill	$ 0	$ 0
Core deposit intangible assets, amortization method	using the straight line method
Core Deposits
Finite-Lived Intangible Assets [Line Items]
Intangible assets, gross	$ 17,000,000	17,000,000
Intangibles assets, accumulated amortization	12,300,000	11,500,000
Remainder of fiscal 2023	803,000
2024	1,600,000
2025	1,100,000
2026	581,000
2027	253,000
Thereafter	417,000
Impairment of intangible assets		0
Other identifiable intangibles
Finite-Lived Intangible Assets [Line Items]
Intangible assets, gross	3,800,000	3,800,000
Intangibles assets, accumulated amortization	3,800,000	3,800,000
Impairment of intangible assets	0
Mortgage and SBA servicing rights
Finite-Lived Intangible Assets [Line Items]
Intangible assets, net	$ 2,600,000	$ 2,700,000
Minimum | Core Deposits
Finite-Lived Intangible Assets [Line Items]
Intangible assets, amortization period	5 years
Maximum | Core Deposits
Finite-Lived Intangible Assets [Line Items]
Intangible assets, amortization period	7 years

Available for Sale Securities -

Available for Sale Securities - Amortized cost, gross unrealized gains, gross unrealized losses, ACL, and approximate fair value of securities available for sale (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Jun. 30, 2022
Debt Securities, Available-for-sale [Line Items]
Total AFS securities, Amortized Cost	$ 255,414	$ 257,760
Gross Unrealized Gains	25	109
Gross Unrealized Losses	(24,050)	(22,475)
Allowance for Credit Losses	0	0
Estimated Fair Value	231,389	235,394
Obligations of states and political subdivisions
Debt Securities, Available-for-sale [Line Items]
Total AFS securities, Amortized Cost	47,396	47,383
Gross Unrealized Gains	25	77
Gross Unrealized Losses	(2,860)	(2,981)
Allowance for Credit Losses	0	0
Estimated Fair Value	44,561	44,479
Corporate Obligations
Debt Securities, Available-for-sale [Line Items]
Total AFS securities, Amortized Cost	20,825	20,818
Gross Unrealized Gains		32
Gross Unrealized Losses	(1,516)	(963)
Allowance for Credit Losses	0	0
Estimated Fair Value	19,309	19,887
Other Debt Obligations
Debt Securities, Available-for-sale [Line Items]
Total AFS securities, Amortized Cost	2,431	486
Gross Unrealized Losses	(61)	(43)
Allowance for Credit Losses	0	0
Estimated Fair Value	2,370	443
Debt and Equity Securities
Debt Securities, Available-for-sale [Line Items]
Total AFS securities, Amortized Cost	70,652	68,687
Gross Unrealized Gains	25	109
Gross Unrealized Losses	(4,437)	(3,987)
Allowance for Credit Losses	0	0
Estimated Fair Value	66,240	64,809
Residential MBS issued by governmental sponsored enterprises (GSEs)
Debt Securities, Available-for-sale [Line Items]
Total AFS securities, Amortized Cost	74,177	76,345
Gross Unrealized Losses	(6,720)	(7,177)
Allowance for Credit Losses	0	0
Estimated Fair Value	67,457	69,168
Commercial MBS issued by GSEs
Debt Securities, Available-for-sale [Line Items]
Total AFS securities, Amortized Cost	53,131	51,435
Gross Unrealized Losses	(6,163)	(5,705)
Allowance for Credit Losses	0	0
Estimated Fair Value	46,968	45,730
CMOs issued by GSEs
Debt Securities, Available-for-sale [Line Items]
Total AFS securities, Amortized Cost	57,454	61,293
Gross Unrealized Losses	(6,730)	(5,606)
Allowance for Credit Losses	0	0
Estimated Fair Value	50,724	55,687
Total MBS and CMOs
Debt Securities, Available-for-sale [Line Items]
Total AFS securities, Amortized Cost	184,762	189,073
Gross Unrealized Losses	(19,613)	(18,488)
Allowance for Credit Losses	0	0
Estimated Fair Value	$ 165,149	$ 170,585

Available for Sale Securities_2

Available for Sale Securities - Amortized Cost and Fair Value of Available-for-sale Securities, by Contractual Maturity (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Jun. 30, 2022
Amortized Cost
Within one year	$ 2,512
After one year but less than five years	12,943
After five years but less than ten years	37,320
After ten years	17,877
Total investment securities	70,652
Total AFS securities, Amortized Cost	255,414	$ 257,760
Estimated Fair Value
Within one year	2,491
After one year but less than five years	12,444
After five years but less than ten years	34,602
After ten years	16,703
Total investment securities	66,240
Available for sale securities	231,389	235,394
Debt and Equity Securities
Amortized Cost
Total AFS securities, Amortized Cost	70,652	68,687
Estimated Fair Value
Available for sale securities	66,240	64,809
Total MBS and CMOs
Amortized Cost
Total AFS securities, Amortized Cost	184,762	189,073
Estimated Fair Value
Available for sale securities	$ 165,149	$ 170,585

Available for Sale Securities_3

Available for Sale Securities - Investments Pledged as Collateral to Secure Public Deposits and Securities Sold Under Agreements to Repurchase (Details) - USD ($) $ in Millions	Dec. 31, 2022	Jun. 30, 2022
Pledged as collateral | Public deposits
Financial Instruments Owned and Pledged as Collateral [Line Items]
Securities pledged as collateral	$ 183.6	$ 198.3
Mortgage-Backed Securities | Pledged as collateral | Public deposits
Financial Instruments Owned and Pledged as Collateral [Line Items]
Securities pledged as collateral	120.9	126.3
Collateralized Mortgage Obligations
Financial Instruments Owned and Pledged as Collateral [Line Items]
Carrying value of investment and MBS pledged as collateral to secure public deposits and securities sold under agreements to repurchase	24.9
Collateralized Mortgage Obligations | Pledged as collateral | Public deposits
Financial Instruments Owned and Pledged as Collateral [Line Items]
Securities pledged as collateral	24.9	27.3
US States and Political Subdivisions Debt Securities [Member]
Financial Instruments Owned and Pledged as Collateral [Line Items]
Carrying value of investment and MBS pledged as collateral to secure public deposits and securities sold under agreements to repurchase	35.9
US States and Political Subdivisions Debt Securities [Member] | Pledged as collateral | Public deposits
Financial Instruments Owned and Pledged as Collateral [Line Items]
Securities pledged as collateral	35.9	42.3
Other Debt Obligations [Member] | Pledged as collateral | Public deposits
Financial Instruments Owned and Pledged as Collateral [Line Items]
Securities pledged as collateral	$ 2	$ 2.4

Available for Sale Securities_4

Available for Sale Securities - Gross Unrealized Losses and Fair Value, Continuous Unrealized Loss Position (Details) $ in Thousands	Dec. 31, 2022 USD ($) security	Jun. 30, 2022 USD ($)
Debt Securities, Available-for-sale [Line Items]
Less than 12 Months, Fair Value	$ 129,203	$ 180,937
Less than 12 Months, Unrealized Losses	7,499	15,584
12 Months or more, Fair Value	98,063	38,345
12 Months or more, Unrealized Losses	16,551	6,891
Fair Value, Total	227,266	219,282
Unrealized Losses , Total	24,050	22,475
US States and Political Subdivisions Debt Securities [Member]
Debt Securities, Available-for-sale [Line Items]
Less than 12 Months, Fair Value	26,509	31,985
Less than 12 Months, Unrealized Losses	721	2,639
12 Months or more, Fair Value	13,953	1,600
12 Months or more, Unrealized Losses	2,139	342
Fair Value, Total	40,462	33,585
Unrealized Losses , Total	$ 2,860	2,981
Number of individual securities in an unrealized loss position for less than 12 months | security	59
Number of individual securities in an unrealized loss position for more than 12 months | security	27
Corporate Obligations
Debt Securities, Available-for-sale [Line Items]
Less than 12 Months, Fair Value	$ 7,957	10,944
Less than 12 Months, Unrealized Losses	493	420
12 Months or more, Fair Value	11,352	6,911
12 Months or more, Unrealized Losses	1,023	543
Fair Value, Total	19,309	17,855
Unrealized Losses , Total	$ 1,516	963
Number of individual securities in an unrealized loss position for less than 12 months | security	7
Number of individual securities in an unrealized loss position for more than 12 months | security	10
Other Debt Obligations [Member]
Debt Securities, Available-for-sale [Line Items]
Less than 12 Months, Fair Value	$ 1,960	418
Less than 12 Months, Unrealized Losses	21	43
12 Months or more, Fair Value	386
12 Months or more, Unrealized Losses	40
Fair Value, Total	2,346	418
Unrealized Losses , Total	$ 61	43
Number of individual securities in an unrealized loss position for less than 12 months | security	8
Number of individual securities in an unrealized loss position for more than 12 months | security	1
Total MBS and CMOs
Debt Securities, Available-for-sale [Line Items]
Less than 12 Months, Fair Value	$ 92,777	137,590
Less than 12 Months, Unrealized Losses	6,264	12,482
12 Months or more, Fair Value	72,372	29,834
12 Months or more, Unrealized Losses	13,349	6,006
Fair Value, Total	165,149	167,424
Unrealized Losses , Total	$ 19,613	$ 18,488
Number of individual securities in an unrealized loss position for less than 12 months | security	85
Number of individual securities in an unrealized loss position for more than 12 months | security	40

Available for Sale Securities_5

Available for Sale Securities - Other Securities Policy: Pooled Trust Preferred Securities (Details)	3 Months Ended		6 Months Ended
	Dec. 31, 2022 USD ($) security	Dec. 31, 2021 USD ($)	Dec. 31, 2022 USD ($) security	Dec. 31, 2021 USD ($)
Available for Sale Securities
Number of Pooled Trust Preferred Securities | security	2		2
Fair Value of Pooled Trust Preferred Securities Held	$ 797,000		$ 797,000
Unrealized Losses on Pooled Trust Preferred Securities in a Continuous Unrealized Loss Position for 12 Months or More	182,000		182,000
Credit losses recognized on investments	$ 0	$ 0	$ 0	$ 0

Loans and Allowance for Credi_3

Loans and Allowance for Credit Losses - Classes of loans (Details) $ in Thousands	6 Months Ended	12 Months Ended
	Dec. 31, 2022 USD ($)	Jun. 30, 2022 USD ($)	Sep. 30, 2022 USD ($)	Dec. 31, 2021 USD ($)	Sep. 30, 2021 USD ($)	Jun. 30, 2021 USD ($)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Real Estate Loans	$ 3,205,614	$ 2,843,499
Loans in Process	(210,250)	(123,656)
Deferred loan fees, net	(345)	(453)
Allowance for credit losses	(37,483)	(33,192)	$ (37,418)	$ (32,529)	$ (32,543)	$ (33,222)
Total loans	$ 2,957,536	$ 2,686,198
Number of purchased participation loans	38	31
Purchased participation loans	$ 63,600	$ 70,000
Residential Real Estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Real Estate Loans	1,029,793	904,160
Allowance for credit losses	(12,499)	(8,908)	(11,937)	(10,757)	(10,634)	(11,192)
Construction Real Estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Real Estate Loans	365,398	258,072
Allowance for credit losses	(2,754)	(2,220)	(2,503)	(2,126)	(2,045)	(2,170)
Commercial Real Estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Real Estate Loans	1,246,447	1,146,673
Allowance for credit losses	(16,806)	(16,838)	(17,886)	(14,727)	(14,883)	(14,535)
Consumer loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Real Estate Loans	103,756	92,996
Allowance for credit losses	(761)	(710)	(693)	(830)	(873)	(916)
Commercial loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Real Estate Loans	460,220	441,598
Allowance for credit losses	$ (4,663)	$ (4,516)	$ (4,399)	$ (4,089)	$ (4,108)	$ (4,409)

Loans and Allowance for Credi_4

Loans and Allowance for Credit Losses - Classes of loans information (Details)	3 Months Ended		6 Months Ended
	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	Jun. 30, 2022 USD ($)
Provision for credit losses, credit (charges)	$ 1,100,000	$ 0	$ 6,200,000	$ 305,000
Residential Real Estate.
Fixed-rate and adjustable-rate mortgage (ARM) loans amortization period (in years)			30 years
Residential Real Estate. | Single Family
Maximum percentage of appraised value or purchase price that loans cannot exceed			90%
Residential Real Estate. | Multifamily
Amortization period of loans			25 years
Amortization period of multi-family residential loans if balloon maturities			10 years
Commercial
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
Residential Real Estate
Amortization period of loans			30 years
Residential Real Estate | Minimum
Maturities of single-family residential construction loans			6 months
Residential Real Estate | Maximum
Maturities of single-family residential construction loans			12 months
Commercial Real Estate
Amortization period of loans			25 years
Construction Real Estate
Average term of construction loans			12 months
Construction Real Estate | Minimum
Maturities of multifamily or commercial construction loans			12 months
Construction Real Estate | Maximum
Maturities of multifamily or commercial construction loans			36 months
Consumer loans
Amortization period of loans			66 months
Consumer loans | Home Equity Loan
Maximum percentage of appraised value or purchase price that loans cannot exceed			100%
Amortization period of loans			10 years
Consumer loans | Automobile loans
Maximum percentage of appraised value or purchase price that loans cannot exceed			100%
Amortization period of loans			66 months
Commercial loans
Amortization period of loans			5 years
Amortization period of multi-family residential loans if balloon maturities			1 year
Modifications for the purpose of extending the maturity date | Construction Real Estate
Incremental period that the loan maturity can be extended to			3 months
Number of construction loans outstanding, for which a modification had been agreed to	58		58		57
Construction loans outstanding, for which a modification had been agreed to	$ 35,500,000		$ 35,500,000		$ 13,800,000

Loans and Allowance for Credi_5

Loans and Allowance for Credit Losses - PCD Loans Acquired from Fortune (Details) - USD ($) $ in Thousands		6 Months Ended
	Feb. 25, 2022	Dec. 31, 2022
Loans and Allowance for Credit Losses
Purchase price of PCD loans at acquisition	$ 15,055	$ 15,100
Allowance for credit losses at acquisition	(120)
Fair value of PCD loans at acquisition	$ 14,935

Loans and Allowance for Credi_6

Loans and Allowance for Credit Losses - Balance and activity in the Allowance for credit losses (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021
Allowance for credit losses:
Balance, beginning of period	$ 37,418	$ 32,543	$ 33,192	$ 33,222
Provision (benefit) charged to expense	365		4,615	(679)
Losses charged off	(303)	(24)	(340)	(68)
Recoveries	3	10	16	54
Balance, end of period	37,483	32,529	37,483	32,529
Residential Real Estate
Allowance for credit losses:
Balance, beginning of period	11,937	10,634	8,908	11,192
Provision (benefit) charged to expense	562	123	3,592	(404)
Losses charged off			(2)	(32)
Recoveries			1	1
Balance, end of period	12,499	10,757	12,499	10,757
Construction Real Estate
Allowance for credit losses:
Balance, beginning of period	2,503	2,045	2,220	2,170
Provision (benefit) charged to expense	251	81	534	(44)
Balance, end of period	2,754	2,126	2,754	2,126
Commercial Real Estate
Allowance for credit losses:
Balance, beginning of period	17,886	14,883	16,838	14,535
Provision (benefit) charged to expense	(835)	(156)	213	192
Losses charged off	(245)		(245)
Balance, end of period	16,806	14,727	16,806	14,727
Consumer loans
Allowance for credit losses:
Balance, beginning of period	693	873	710	916
Provision (benefit) charged to expense	106	(40)	118	(112)
Losses charged off	(41)	(13)	(76)	(25)
Recoveries	3	10	9	51
Balance, end of period	761	830	761	830
Commercial loans
Allowance for credit losses:
Balance, beginning of period	4,399	4,108	4,516	4,409
Provision (benefit) charged to expense	281	(8)	158	(311)
Losses charged off	(17)	(11)	(17)	(11)
Recoveries			6	2
Balance, end of period	$ 4,663	$ 4,089	$ 4,663	$ 4,089

Loans and Allowance for Credi_7

Loans and Allowance for Credit Losses - Allowance for off-balance credit exposure (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021
Allowance for off-balance sheet credit exposure:
Balance, beginning of period	$ 4,164	$ 2,179	$ 3,358	$ 1,805
Provision (benefit) charged to expense	773	0	1,579	374
Balance, end of period	4,937	2,179	4,937	2,179
Residential Real Estate
Allowance for off-balance sheet credit exposure:
Balance, beginning of period	193	34	58	37
Provision (benefit) charged to expense	(123)	0	12	(3)
Balance, end of period	70	34	70	34
Construction Real Estate
Allowance for off-balance sheet credit exposure:
Balance, beginning of period	2,897	1,673	2,178	502
Provision (benefit) charged to expense	732	0	1,451	1,171
Balance, end of period	3,629	1,673	3,629	1,673
Commercial Real Estate
Allowance for off-balance sheet credit exposure:
Balance, beginning of period	528	170	421	188
Provision (benefit) charged to expense	(48)	0	59	(18)
Balance, end of period	480	170	480	170
Consumer loans
Allowance for off-balance sheet credit exposure:
Balance, beginning of period	61	58	61	218
Provision (benefit) charged to expense	(5)	0	(5)	(160)
Balance, end of period	56	58	56	58
Commercial loans
Allowance for off-balance sheet credit exposure:
Balance, beginning of period	485	244	640	860
Provision (benefit) charged to expense	217	0	62	(616)
Balance, end of period	$ 702	$ 244	$ 702	$ 244

Loans and Allowance for Credi_8

Loans and Allowance for Credit Losses - Credit risk profile based on rating category and year of origination (Details) - USD ($) $ in Thousands	6 Months Ended
	Dec. 31, 2022	Jun. 30, 2022
Financing Receivable, Credit Quality Indicator [Line Items]
Amount of loan relationships subject to annual credit analysis	$ 3,000
Loan relationships that are subject to independent annual review	1,000
2023 / 2022	598,196	$ 1,146,932
2022 / 2021	1,003,161	721,665
2021 / 2020	625,012	251,984
2020 / 2019	218,923	103,484
2019 / 2018	87,585	78,834
Prior	178,018	148,060
Revolving loans	284,469	268,884
Total	2,995,364	2,719,843
Pass
Financing Receivable, Credit Quality Indicator [Line Items]
2023 / 2022	589,019	1,107,991
2022 / 2021	961,450	718,973
2021 / 2020	623,555	248,814
2020 / 2019	211,608	102,783
2019 / 2018	87,148	78,116
Prior	175,418	144,948
Revolving loans	280,275	266,719
Total	2,928,473	2,668,344
Watch
Financing Receivable, Credit Quality Indicator [Line Items]
2023 / 2022	7,269	6,147
2022 / 2021	9,059	1,276
2021 / 2020	815	2,939
2020 / 2019	6,814	62
2019 / 2018	126	668
Prior	2,042	2,216
Revolving loans	3,190	1,754
Total	29,315	15,062
Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
2023 / 2022		9,297
Total		9,297
Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
2023 / 2022	1,908	22,670
2022 / 2021	32,652	1,416
2021 / 2020	642	231
2020 / 2019	501	639
2019 / 2018	311	50
Prior	558	896
Revolving loans	1,004	411
Total	37,576	26,313
Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
2023 / 2022		827
Total		827
Residential Real Estate
Financing Receivable, Credit Quality Indicator [Line Items]
2023 / 2022	220,001	380,812
2022 / 2021	341,701	296,420
2021 / 2020	263,124	119,634
2020 / 2019	112,894	19,879
2019 / 2018	16,717	22,161
Prior	69,705	59,180
Revolving loans	5,651	6,074
Total	1,029,793	904,160
Residential Real Estate | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
2023 / 2022	219,153	380,502
2022 / 2021	341,034	295,260
2021 / 2020	262,113	118,464
2020 / 2019	110,057	19,383
2019 / 2018	16,329	22,143
Prior	69,239	58,545
Revolving loans	5,602	6,074
Total	1,023,527	900,371
Residential Real Estate | Watch
Financing Receivable, Credit Quality Indicator [Line Items]
2023 / 2022		44
2022 / 2021	338	242
2021 / 2020	467	1,083
2020 / 2019	2,348	56
2019 / 2018	120
Prior	28	30
Revolving loans	49
Total	3,350	1,455
Residential Real Estate | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
2023 / 2022	848	266
2022 / 2021	329	918
2021 / 2020	544	87
2020 / 2019	489	440
2019 / 2018	268	18
Prior	438	605
Total	2,916	2,334
Construction Real Estate
Financing Receivable, Credit Quality Indicator [Line Items]
2023 / 2022	69,674	100,114
2022 / 2021	65,207	34,082
2021 / 2020	17,427
Revolving loans	2,840	220
Total	155,148	134,416
Construction Real Estate | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
2023 / 2022	69,674	100,114
2022 / 2021	65,207	34,082
2021 / 2020	17,427
Revolving loans	2,840	220
Total	155,148	134,416
Commercial Real Estate
Financing Receivable, Credit Quality Indicator [Line Items]
2023 / 2022	216,570	524,459
2022 / 2021	488,646	285,986
2021 / 2020	262,194	107,851
2020 / 2019	90,799	71,393
2019 / 2018	61,286	52,494
Prior	97,942	80,208
Revolving loans	29,010	24,282
Total	1,246,447	1,146,673
Commercial Real Estate | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
2023 / 2022	209,157	487,486
2022 / 2021	450,360	284,736
2021 / 2020	262,027	105,893
2020 / 2019	86,418	71,380
2019 / 2018	61,274	51,804
Prior	95,839	78,115
Revolving loans	27,775	23,669
Total	1,192,850	1,103,083
Commercial Real Estate | Watch
Financing Receivable, Credit Quality Indicator [Line Items]
2023 / 2022	6,525	4,763
2022 / 2021	7,309	769
2021 / 2020	167	1,818
2020 / 2019	4,378
2019 / 2018		668
Prior	2,014	2,000
Revolving loans	720	548
Total	21,113	10,566
Commercial Real Estate | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
2023 / 2022		9,297
Total		9,297
Commercial Real Estate | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
2023 / 2022	888	22,086
2022 / 2021	30,977	481
2021 / 2020		140
2020 / 2019	3	13
2019 / 2018	12	22
Prior	89	93
Revolving loans	515	65
Total	32,484	22,900
Commercial Real Estate | Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
2023 / 2022		827
Total		827
Consumer loans
Financing Receivable, Credit Quality Indicator [Line Items]
2023 / 2022	19,144	28,563
2022 / 2021	20,663	11,066
2021 / 2020	7,738	3,666
2020 / 2019	2,442	1,524
2019 / 2018	985	926
Prior	1,351	707
Revolving loans	51,433	46,544
Total	103,756	92,996
Consumer loans | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
2023 / 2022	19,088	28,519
2022 / 2021	20,649	10,989
2021 / 2020	7,613	3,662
2020 / 2019	2,421	1,524
2019 / 2018	985	916
Prior	1,320	676
Revolving loans	51,433	46,521
Total	103,509	92,807
Consumer loans | Watch
Financing Receivable, Credit Quality Indicator [Line Items]
2023 / 2022	56	21
2022 / 2021		71
2021 / 2020	66
2020 / 2019	12
Total	134	92
Consumer loans | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
2023 / 2022		23
2022 / 2021	14	6
2021 / 2020	59	4
2020 / 2019	9
2019 / 2018		10
Prior	31	31
Revolving loans		23
Total	113	97
Commercial loans
Financing Receivable, Credit Quality Indicator [Line Items]
2023 / 2022	72,807	112,984
2022 / 2021	86,944	94,111
2021 / 2020	74,529	20,833
2020 / 2019	12,788	10,688
2019 / 2018	8,597	3,253
Prior	9,020	7,965
Revolving loans	195,535	191,764
Total	460,220	441,598
Commercial loans | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
2023 / 2022	71,947	111,370
2022 / 2021	84,200	93,906
2021 / 2020	74,375	20,795
2020 / 2019	12,712	10,496
2019 / 2018	8,560	3,253
Prior	9,020	7,612
Revolving loans	192,625	190,235
Total	453,439	437,667
Commercial loans | Watch
Financing Receivable, Credit Quality Indicator [Line Items]
2023 / 2022	688	1,319
2022 / 2021	1,412	194
2021 / 2020	115	38
2020 / 2019	76	6
2019 / 2018	6
Prior		186
Revolving loans	2,421	1,206
Total	4,718	2,949
Commercial loans | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
2023 / 2022	172	295
2022 / 2021	1,332	11
2021 / 2020	39
2020 / 2019		186
2019 / 2018	31
Prior		167
Revolving loans	489	323
Total	$ 2,063	$ 982

Loans and Allowance for Credi_9

Loans and Allowance for Credit Losses - Credit risk profile based on rating and payment activity (Details) - USD ($)		6 Months Ended	12 Months Ended
	Feb. 25, 2022	Dec. 31, 2022	Jun. 30, 2022
Financing Receivable, Credit Quality Indicator [Line Items]
PCD loans receivable, net of ACL	$ 14,935,000
Pass
Financing Receivable, Credit Quality Indicator [Line Items]
PCD loans receivable, net of ACL		$ 25,200,000	$ 23,100,000
Watch
Financing Receivable, Credit Quality Indicator [Line Items]
PCD loans receivable, net of ACL		5,000,000	4,700,000
Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
PCD loans receivable, net of ACL		0	0
Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
PCD loans receivable, net of ACL		890,000	1,100,000
Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
PCD loans receivable, net of ACL		$ 0	$ 0

Loans and Allowance for Cred_10

Loans and Allowance for Credit Losses - Loan portfolio aging analysis (Details) - USD ($)	6 Months Ended	12 Months Ended
	Dec. 31, 2022	Jun. 30, 2022
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	$ 2,995,364,000	$ 2,719,843,000
Greater than 90 Days Past Due and Accruing	331,000
Current Loans, not past due
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	2,986,513,000	2,715,257,000
Total Past Due
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	8,851,000	4,586,000
30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	4,477,000	2,432,000
60 to 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	2,798,000	732,000
Greater than 90 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	1,576,000	1,422,000
PCD loans that were greater than 90 days past due	0	0
Residential Real Estate
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	1,029,793,000	904,160,000
Greater than 90 Days Past Due and Accruing	331,000
Residential Real Estate | Current Loans, not past due
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	1,026,336,000	901,694,000
Residential Real Estate | Total Past Due
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	3,457,000	2,466,000
Residential Real Estate | 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	1,727,000	1,402,000
Residential Real Estate | 60 to 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	862,000
Residential Real Estate | Greater than 90 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	868,000	1,064,000
Construction Real Estate
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	155,148,000	134,416,000
Construction Real Estate | Current Loans, not past due
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	155,148,000	134,416,000
Commercial Real Estate
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	1,246,447,000	1,146,673,000
Commercial Real Estate | Current Loans, not past due
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	1,243,306,000	1,145,354,000
Commercial Real Estate | Total Past Due
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	3,141,000	1,319,000
Commercial Real Estate | 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	1,868,000	416,000
Commercial Real Estate | 60 to 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	1,075,000	615,000
Commercial Real Estate | Greater than 90 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	198,000	288,000
Consumer loans
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	103,756,000	92,996,000
Consumer loans | Current Loans, not past due
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	102,676,000	92,554,000
Consumer loans | Total Past Due
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	1,080,000	442,000
Consumer loans | 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	693,000	340,000
Consumer loans | 60 to 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	130,000	45,000
Consumer loans | Greater than 90 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	257,000	57,000
Commercial loans
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	460,220,000	441,598,000
Commercial loans | Current Loans, not past due
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	459,047,000	441,239,000
Commercial loans | Total Past Due
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	1,173,000	359,000
Commercial loans | 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	189,000	274,000
Commercial loans | 60 to 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	731,000	72,000
Commercial loans | Greater than 90 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	$ 253,000	$ 13,000

Loans and Allowance for Cred_11

Loans and Allowance for Credit Losses - Collateral dependent loans and related ACL (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021
Related allowance for credit losses	$ 37,483	$ 37,418	$ 33,192	$ 32,529	$ 32,543	$ 33,222
Collateral-dependent Loans | 1- to 4-family residential loans
Amortized cost	848		864
Related allowance for credit losses	176		193
Residential Real Estate
Related allowance for credit losses	12,499	$ 11,937	8,908	$ 10,757	$ 10,634	$ 11,192
Residential Real Estate | Collateral-dependent Loans
Amortized cost	848		864
Related allowance for credit losses	$ 176		$ 193

Loans and Allowance for Cred_12

Loans and Allowance for Credit Losses - Nonaccrual Loans (Details) - USD ($)	Dec. 31, 2022	Jun. 30, 2022
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual loans	$ 4,459,000	$ 4,118,000
Nonaccrual loans individually evaluated for which no ACL was recorded	0
Residential Real Estate
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual loans	1,771,000	1,647,000
Commercial Real Estate
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual loans	1,706,000	2,259,000
Consumer loans
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual loans	257,000	73,000
Commercial loans
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual loans	$ 725,000	$ 139,000

Loans and Allowance for Cred_13

Loans and Allowance for Credit Losses - TDRs Segregated by Class (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2022 loan	Dec. 31, 2021 loan	Dec. 31, 2021 USD ($) loan
Number of modifications | loan	0	0	1
Recorded Investment | $			$ 151
Residential Real Estate
Number of modifications | loan			1
Recorded Investment | $			$ 151

Loans and Allowance for Cred_14

Loans and Allowance for Credit Losses - Performing TDRs Segregated by Class (Details) - Performing Loans $ in Thousands	Dec. 31, 2022 USD ($) loan	Jun. 30, 2022 USD ($) loan
Number of modifications | loan	24	27
Recorded Investment, TDRs | $	$ 30,250	$ 30,606
Residential Real Estate
Number of modifications | loan	10	11
Recorded Investment, TDRs | $	$ 3,337	$ 3,625
Commercial Real Estate
Number of modifications | loan	8	8
Recorded Investment, TDRs | $	$ 24,681	$ 25,132
Commercial loans
Number of modifications | loan	6	8
Recorded Investment, TDRs | $	$ 2,232	$ 1,849

Loans and Allowance for Cred_15

Loans and Allowance for Credit Losses - Real Estate Foreclosures (Details) - USD ($)	Dec. 31, 2022	Jun. 30, 2022
Financing Receivable, Troubled Debt Restructuring [Line Items]
Repossessed assets	$ 230,000	$ 580,000
Residential Real Estate. | Home Equity Loan
Financing Receivable, Troubled Debt Restructuring [Line Items]
Foreclosure proceedings in process	$ 744,000	$ 486,000

Premises and Equipment - Summar

Premises and Equipment - Summary of premises and equipment (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Jun. 30, 2022
Premises and Equipment
Land	$ 12,709	$ 13,532
Buildings and improvements	62,118	64,730
Construction in progress	757	142
Furniture, fixtures, equipment and software	21,532	20,838
Automobiles	120	120
Operating leases ROU asset	3,767	3,849
Property, Plant and Equipment, Gross	101,003	103,211
Less accumulated depreciation	33,550	31,864
Premises and equipment, net	$ 67,453	$ 71,347

Premises and Equipment - Additi

Premises and Equipment - Additional Information (Details)	3 Months Ended		6 Months Ended
	Dec. 31, 2022 USD ($) property	Dec. 31, 2021 USD ($)	Dec. 31, 2022 USD ($) property	Dec. 31, 2021 USD ($)
Number of leased properties | property	7		7
Operating Lease, Weighted Average Discount Rate, Percent	5%		5%
Income recognized from lessor agreements | $	$ 61,000	$ 70,000	$ 132,000	$ 145,000
Minimum
Lessee Expected Lease Terms			18 months
Maximum
Lessee Expected Lease Terms			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		6 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021	Jun. 30, 2022
Right of use assets obtained in exchange for lease obligations: Operating Leases			$ 82	$ 70
Consolidated Balance Sheet
Operating leases ROU asset					$ 3,849
Consolidated Statement Of Income
Operating lease costs classified as occupancy and equipment expense (includes short-term lease costs)	$ 143	$ 98	279	199
Supplemental Disclosures Of Cash Flow Information | Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$ 103	$ 85	$ 206	$ 169

Premises and Equipment - Future

Premises and Equipment - Future expected lease payments for leases (Details) $ in Thousands	Dec. 31, 2022 USD ($)
Premises and Equipment
2023	$ 250
2024	442
2025	437
2026	433
2027	417
Thereafter	4,063
Future lease payments expected	$ 6,042

Deposits (Details)

Deposits (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Jun. 30, 2022
Deposits [Abstract]
Non-interest bearing accounts	$ 447,621	$ 426,929
NOW accounts	1,171,388	1,171,620
Money market deposit accounts	360,606	303,612
Savings accounts	247,679	274,283
Certificates	778,481	638,631
Total Deposit Accounts	$ 3,005,775	$ 2,815,075

Earnings Per Share - Schedule o

Earnings Per Share - Schedule of computation of basic and diluted earnings per share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021
Earnings Per Share
Net Income	$ 11,664	$ 11,985	$ 21,267	$ 24,731
Less: distributed earnings allocated to participating securities	(9)	(8)	(17)	(14)
Less: undistributed earnings allocated to participating securities	(43)	(46)	(78)	(85)
Net income available to common shareholders	$ 11,612	$ 11,931	$ 21,172	$ 24,632
Weighted-average common shares outstanding, including participating securities	9,229,151	8,887,303	9,229,060	8,893,149
Less: weighted-average participating securities outstanding (restricted shares)	(41,270)	(39,920)	(41,270)	(35,883)
Weighted-average shares outstanding	9,187,881	8,847,383	9,187,790	8,857,266
Effect of dilutive securities stock options or awards	22,369	21,780	22,512	15,977
Denominator for diluted earnings per share	9,210,250	8,869,163	9,210,302	8,873,243
Basic earnings per share available to common stockholders	$ 1.26	$ 1.35	$ 2.30	$ 2.78
Diluted earnings per share available to common stockholders	$ 1.26	$ 1.35	$ 2.30	$ 2.78

Earnings Per Share - Additional

Earnings Per Share - Additional information (Details) - shares	3 Months Ended		6 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2021
Option
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from the computation of diluted earnings per share	22,000	0	0

Income Taxes - Income tax provi

Income Taxes - Income tax provision (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021
Income Taxes
Current	$ 3,261	$ 2,785	$ 5,697	$ 6,262
Deferred	6	503	13	513
Total income tax provision	$ 3,267	$ 3,288	$ 5,710	$ 6,775

Income Taxes - Schedule of net

Income Taxes - Schedule of net deferred tax assets (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Jun. 30, 2022
Deferred tax assets:
Provision for losses on loans	$ 9,066	$ 7,761
Accrued compensation and benefits	692	828
NOL carry forwards acquired	206	57
Unrealized loss on other real estate	72	72
Unrealized loss on available for sale securities	5,285	4,921
Total deferred tax assets	15,321	13,639
Deferred tax liabilities:
Purchase accounting adjustments	295	224
Depreciation	1,668	1,974
FHLB stock dividends	120	120
Prepaid expenses	459	415
Other	1,703	181
Total deferred tax liabilities	4,245	2,914
Net deferred tax asset	$ 11,076	$ 10,725

Income Taxes - Reconciliation o

Income Taxes - Reconciliation of income tax expense at statutory rate (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021
Effective Income Tax Rate Reconciliation, Amount [Abstract]
Tax at statutory rate	$ 3,136	$ 3,207	$ 5,665	$ 6,616
Nontaxable municipal income	(76)	(87)	(157)	(193)
State tax, net of Federal benefit	165	216	179	468
Cash surrender value of Bank-owned life insurance	(67)	(59)	(134)	(118)
Tax credit benefits	(2)	(10)	(4)	(21)
Other, net	111	21	161	23
Income Taxes	$ 3,267	$ 3,288	$ 5,710	$ 6,775

Income Taxes - Additional Infor

Income Taxes - Additional Information (Details) - USD ($)	6 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Income Taxes
Interest or penalties on income taxes	$ 0
Federal Net Operating Loss Carryforwards	261,000
State Net Operating Loss Carryforwards	$ 0
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	21%	21%

401(k) Retirement Plan (Details

401(k) Retirement Plan (Details) - USD ($)	3 Months Ended		6 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021
Defined Contribution Plan Disclosure [Line Items]
Retirement plan expenses	$ 523,000	$ 428,000	$ 1,100,000	$ 918,000
Vesting period			5 years
Maximum
Defined Contribution Plan Disclosure [Line Items]
Matching contributions of eligible compensation			4%

Subordinated Debt (Details)

Subordinated Debt (Details) - USD ($)	1 Months Ended			6 Months Ended	12 Months Ended
	May 31, 2021	Aug. 31, 2014	Oct. 31, 2013	Dec. 31, 2022	Jun. 30, 2022	Feb. 28, 2022
Subordinated debt				$ 23,080,000	$ 23,055,000
Prepaid Expenses and Other Current Assets
Investment, face amount				505,000
Investment, carrying value				463,000	461,000
Trust Preferred Securities
Subordinated debt				$ 7,200,000	7,200,000
Number of years after securities became redeemable				5 years
Interest rate (as a percent)				7.49%
Ozarks Legacy Community Financial, Inc.
Interest rate (as a percent)				7.22%
Floating rate			$ 3,100,000
Ozarks Legacy Community Financial, Inc. | Reported Value Measurement
Floating rate				$ 2,700,000	2,700,000
Peoples Service Company, Inc.
Interest rate (as a percent)				6.57%
Floating rate		$ 6,500,000
Peoples Service Company, Inc. | Reported Value Measurement
Floating rate				$ 5,400,000	5,400,000
Fortune Financial Corporation | Subordinated Notes Issued in May 2021 [Member]
Subordinated debt				$ 7,700,000	$ 7,700,000
Interest rate (as a percent)	4.50%
Instrument face amount						$ 7,500,000
Fortune Financial Corporation | Subordinated Notes Issued in May 2021 [Member] | Secured Overnight Financing Rate [Member]
Variable rate (as a percent)	3.77%

Fair Value Measurements - Fair

Fair Value Measurements - Fair value of Assets Measured on a Recurring Basis and Nonrecurring Basis (Details) - Recurring Measurements - USD ($) $ in Thousands	Dec. 31, 2022	Jun. 30, 2022
US States and Political Subdivisions Debt Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities	$ 44,561	$ 44,479
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities	0	0
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities	44,561	44,479
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities	0	0
Corporate Segment [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities	19,309	19,887
Corporate Segment [Member] | Fair Value, Inputs, Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities	0	0
Corporate Segment [Member] | Fair Value, Inputs, Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities	19,309	19,887
Corporate Segment [Member] | Fair Value, Inputs, Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities	0	0
Other Debt Obligations [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities	2,370	443
Other Debt Obligations [Member] | Fair Value, Inputs, Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities	0	0
Other Debt Obligations [Member] | Fair Value, Inputs, Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities	2,370	443
Other Debt Obligations [Member] | Fair Value, Inputs, Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities	0	0
Total MBS and CMOs
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities	165,149	170,585
Total MBS and CMOs | Fair Value, Inputs, Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities	0	0
Total MBS and CMOs | Fair Value, Inputs, Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities	165,149	170,585
Total MBS and CMOs | Fair Value, Inputs, Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities	$ 0	$ 0

Fair Value Measurements - Losse

Fair Value Measurements - Losses Recognized on Assets Measured on a Nonrecurring Basis (Details) - Nonrecurring Measurements - USD ($) $ in Thousands	6 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total gains ( losses) on assets measured on a non-recurring basis	$ 35	$ (285)
Foreclosed and repossessed assets held for sale
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total gains ( losses) on assets measured on a non-recurring basis	$ 35	$ (285)

Fair Value Measurements - Sched

Fair Value Measurements - Schedule of financial instruments (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Dec. 31, 2022	Jun. 30, 2022
Financial assets
Cash and cash equivalents	$ 53,135	$ 86,792
Interest-bearing time deposits	2,008	4,768
Stock in FHLB	7,014	5,893
Stock in Federal Reserve Bank of St. Louis	5,807	5,790
Loans receivable, net	2,957,536	2,686,198
Accrued interest receivable	14,373	11,052
Financial liabilities
Deposits	3,005,775	2,815,075
Advances from FHLB	61,489	37,957
Accrued interest payable	2,140	801
Subordinated debt	23,080	23,055
Unrecognized financial instruments (net of contract amount)
Commitments to originate loans	0
Letters of credit	0
Lines of credit	0
Fair Value, Inputs, Level 1
Financial assets
Cash and cash equivalents	53,135	86,792
Financial liabilities
Deposits	2,227,311	2,176,444
Fair Value, Inputs, Level 2
Financial assets
Interest-bearing time deposits	2,008	4,768
Stock in FHLB	7,014	5,893
Stock in Federal Reserve Bank of St. Louis	5,807	5,790
Accrued interest receivable	14,373	11,052
Financial liabilities
Advances from FHLB	59,184	35,916
Accrued interest payable	2,140	801
Fair Value, Inputs, Level 3
Financial assets
Loans receivable, net	2,810,850	2,655,882
Financial liabilities
Deposits	765,288	637,163
Subordinated debt	$ 20,783	$ 22,070

Business Combinations - Additio

Business Combinations - Additional Information (Details)			3 Months Ended		6 Months Ended
	Feb. 25, 2022 USD ($)	Dec. 15, 2021 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	Dec. 31, 2022 USD ($) loan	Dec. 31, 2021 USD ($)	Jun. 30, 2022 USD ($)
Deposits			$ 3,005,775,000		$ 3,005,775,000		$ 2,815,075,000
Goodwill			27,288,000		27,288,000		$ 27,288,000
Loan portfolio			204,100,000		204,100,000
Fair value discount					2,100,000
Fair value			187,000,000		187,000,000
Gross			211,000,000		$ 211,000,000
Number of PCD loans identified | loan					31
PCD loans	$ 15,055,000				$ 15,100,000
Citizens
Net assets			973,000,000		973,000,000
Loans, net			463,000,000		463,000,000
Deposits			838,000,000		838,000,000
Pro Forma basis assets			4,400,000,000		4,400,000,000
Pro Forma loans net			3,400,000,000		3,400,000,000
Pro Forma deposit			3,800,000,000		3,800,000,000
Citizens | Noninterest expense
Third-party acquisition-related costs incurred			605,000		730,000
Fortune Financial Corporation
Transaction value	35,548,000
Purchase price allocated to core deposit intangible	$ 1,600,000
Core deposit intangible assets amortized period	7 years
Goodwill	$ 12,756,000
Third-party acquisition-related costs incurred			$ 3,000	$ 181,000	$ 47,000	$ 206,000
Business Combination, Separately Recognized Transactions, Additional Disclosures, Acquisition Cost Expensed, Financial Statement Caption			noninterest expense	noninterest expense	noninterest expense	noninterest expense
First National Bank, Cairo
Purchase price allocated to core deposit intangible		$ 168,000
Core deposit intangible assets amortized period		7 years
Goodwill		$ 442,000
Third-party acquisition-related costs incurred			$ 0	$ 24,000	$ 0	$ 24,000

Business Combinations - Purchas

Business Combinations - Purchase price for the fortune financial acquisition (Details) - USD ($) $ in Thousands	Feb. 25, 2022	Dec. 31, 2022	Jun. 30, 2022
Recognized amounts of identifiable assets acquired and liabilities assumed
Goodwill		$ 27,288	$ 27,288
Fortune Financial Corporation
Fair Value of Consideration Transferred
Cash	$ 12,664
Common stock, at fair value	22,884
Total consideration	35,548
Recognized amounts of identifiable assets acquired and liabilities assumed
Cash and cash equivalents	34,280
Interest bearing time deposits	2,300
Loans	202,053
Premises and equipment	7,690
BOLI	3,720
Identifiable intangible assets	1,602
Miscellaneous other assets	3,512
Deposits	(213,670)
FHLB Advances	(9,681)
Subordinated debt	(7,800)
Miscellaneous other liabilities	(1,214)
Total identifiable net liabilities	22,792
Goodwill	$ 12,756

Business Combinations - Purch_2

Business Combinations - Purchase price for the cairo acquisition (Details) - USD ($)	Dec. 15, 2021	Dec. 31, 2022	Jun. 30, 2022
Recognized amounts of identifiable assets acquired and liabilities assumed
Goodwill		$ 27,288,000	$ 27,288,000
First National Bank, Cairo
Fair Value of Consideration Transferred
Cash received	$ (26,932,000)
Recognized amounts of identifiable assets acquired and liabilities assumed
Cash and cash equivalents	220,000
Loans	408,000
Premises and equipment	468,000
Identifiable intangible assets	168,000
Miscellaneous other assets	1,000
Deposits	(28,540,000)
Miscellaneous other liabilities	(99,000)
Total identifiable net liabilities	(27,374,000)
Goodwill	$ 442,000