Southern Missouri Bancorp (SMBC) 10-Q 10 May 23 2023 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Mar. 31, 2023	May 09, 2023
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Transition Report	false
Period End date	Mar. 31, 2023
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		11,330,712
Fiscal Year End	--06-30
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q3
Amendment Flag	false

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2023	Jun. 30, 2022
Assets
Cash and cash equivalents	$ 114,540	$ 86,792
Interest-bearing time deposits	1,251	4,768
Available for sale securities	429,798	235,394
Stock in FHLB of Des Moines	7,855	5,893
Stock in Federal Reserve Bank of St. Louis	8,491	5,790
Loans receivable, net of ACL of $45,685 and $33,192 at March 31, 2023 and June 30, 2022, respectively	3,434,519	2,686,198
Accrued interest receivable	16,372	11,052
Premises and equipment, net	92,343	71,347
Bank owned life insurance - cash surrender value	71,202	48,705
Goodwill	50,657	27,288
Other intangible assets, net	31,144	8,175
Prepaid expenses and other assets	34,494	23,380
Total assets	4,292,666	3,214,782
Liabilities and Stockholders' Equity
Deposits	3,755,193	2,815,075
Advances from FHLB	45,002	37,957
Accounts payable and other liabilities	29,011	17,122
Accrued interest payable	3,721	801
Subordinated debt	23,092	23,055
Total liabilities	3,856,019	2,894,010
Commitments and contingencies
Common stock, $.01 par value; 25,000,000 shares authorized; 11,919,337 and 9,815,736 shares issued at March 31, 2023 and June 30, 2022, respectively	119	98
Additional paid-in capital	218,182	119,162
Retained earnings	257,539	240,115
Treasury stock of 588,625 shares at March 31, 2023 and June 30, 2022, at cost	(21,116)	(21,116)
Accumulated other comprehensive loss	(18,077)	(17,487)
Total stockholders' equity	436,647	320,772
Total liabilities and stockholders' equity	$ 4,292,666	$ 3,214,782

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2023	Jun. 30, 2022
CONDENSED CONSOLIDATED BALANCE SHEETS
Loans And Leases Receivable Allowance	$ 45,685	$ 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	11,919,337	9,815,736
Treasury Stock	588,625	588,625

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2023	Mar. 31, 2022
Interest Income
Loans	$ 43,115	$ 27,060	$ 113,288	$ 81,614
Investment securities	2,076	524	3,519	1,608
Mortgage-backed securities	1,652	646	3,654	1,833
Other interest-earning assets	1,443	109	1,672	239
Total interest income	48,286	28,339	122,133	85,294
Interest Expense
Deposits	13,705	2,871	28,061	8,426
Securities sold under agreements to repurchase	213		213
Advances from FHLB	206	167	2,300	613
Subordinated debt	395	187	1,033	447
Total interest expense	14,519	3,225	31,607	9,486
Net Interest Income	33,767	25,114	90,526	75,808
Provision for Credit Losses	10,072	1,552	16,266	1,247
Net Interest Income After Provision for Credit Losses	23,695	23,562	74,260	74,561
Noninterest Income
Deposit account charges and related fees	2,089	1,560	5,578	4,743
Bank card interchange income	1,374	1,025	3,471	2,952
Loan late charges	161	135	402	414
Loan servicing fees	265	170	834	504
Other loan fees	465	606	1,959	1,556
Net realized gains on sale of loans	132	204	550	934
Earnings on bank owned life insurance	368	291	1,006	854
Other income	1,430	913	3,454	2,746
Total noninterest income	6,284	4,904	17,254	14,703
Noninterest Expense
Compensation and benefits	14,188	9,223	33,733	25,745
Occupancy and equipment, net	3,024	2,399	7,914	6,710
Data processing expense	2,505	1,935	5,380	4,501
Telecommunications expense	449	308	1,127	946
Deposit insurance premiums	231	178	710	536
Legal and professional fees	2,324	341	3,587	931
Advertising	409	312	1,074	917
Postage and office supplies	331	202	779	582
Intangible amortization	812	363	1,615	1,040
Foreclosed property expenses/losses	280	115	275	449
Other operating expense	2,439	1,381	5,356	3,692
Total noninterest expense	26,992	16,757	61,550	46,049
Income Before Income Taxes	2,987	11,709	29,964	43,215
Income Taxes	578	2,358	6,288	9,133
Net Income	$ 2,409	$ 9,351	$ 23,676	$ 34,082
Basic earnings per share	$ 0.22	$ 1.03	$ 2.42	$ 3.81
Diluted earnings per share	0.22	1.03	2.41	3.80
Dividends paid	$ 0.21	$ 0.20	$ 0.63	$ 0.60

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2023	Mar. 31, 2022
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
Net Income	$ 2,409	$ 9,351	$ 23,676	$ 34,082
Other comprehensive income (loss):
Unrealized gains (losses) on securities available-for-sale	901	(9,579)	(756)	(12,014)
Tax benefit (expense)	(198)	2,108	166	2,643
Total other comprehensive income (loss)	703	(7,471)	(590)	(9,371)
Comprehensive Income	$ 3,112	$ 1,880	$ 23,086	$ 24,711

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			34,082			34,082
Change in unrealized loss on available for sale securities					(9,371)	(9,371)
Dividends paid on common stock			(5,337)			(5,337)
Stock option expense		117				117
Stock grant expense		532				532
Common Stock Issued	4	22,881				22,885
Treasury stock purchased				(1,174)		(1,174)
Ending Balance at Mar. 31, 2022	98	119,115	228,885	(16,452)	(6,489)	325,157
Beginning Balance at Dec. 31, 2021	94	95,675	221,312	(16,452)	982	301,611
Net Income			9,351			9,351
Change in unrealized loss on available for sale securities					(7,471)	(7,471)
Dividends paid on common stock			(1,778)			(1,778)
Stock option expense		44				44
Stock grant expense		515				515
Common Stock Issued	4	22,881				22,885
Ending Balance at Mar. 31, 2022	98	119,115	228,885	(16,452)	(6,489)	325,157
Beginning Balance at Jun. 30, 2022	98	119,162	240,115	(21,116)	(17,487)	320,772
Net Income			23,676			23,676
Change in unrealized loss on available for sale securities					(590)	(590)
Dividends paid on common stock			(6,252)			(6,252)
Stock option expense		177				177
Stock grant expense		584				584
Common Stock Issued	21	98,259				98,280
Ending Balance at Mar. 31, 2023	119	218,182	257,539	(21,116)	(18,077)	436,647
Beginning Balance at Dec. 31, 2022	98	119,271	257,506	(21,116)	(18,780)	336,979
Net Income			2,409			2,409
Change in unrealized loss on available for sale securities					703	703
Dividends paid on common stock			(2,376)			(2,376)
Stock option expense		68				68
Stock grant expense		584				584
Common Stock Issued	21	98,259				98,280
Ending Balance at Mar. 31, 2023	$ 119	$ 218,182	$ 257,539	$ (21,116)	$ (18,077)	$ 436,647

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS EQUITY (Parenthetical) - $ / shares	3 Months Ended		9 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2023	Mar. 31, 2022
CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY
Dividends paid on common stock	$ 0.21	$ 0.20	$ 0.63	$ 0.60

CONDENSED CONSOLIDATED STATEM_5

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Cash Flows From Operating Activities:
Net Income	$ 23,676	$ 34,082
Items not requiring (providing) cash:
Depreciation	3,429	3,307
(Gain) loss on disposal of fixed assets	(317)	3
Stock option and stock grant expense	761	649
Loss on sale/write-down of REO	140	392
Amortization of intangible assets	1,615	1,040
Accretion of purchase accounting adjustments	(2,166)	(1,036)
Increase in cash surrender value of bank owned life insurance (BOLI)	(1,006)	(854)
Provision (benefit) for credit losses	16,266	1,247
Net amortization of premiums and discounts on securities	646	855
Originations of loans held for sale	(14,673)	(38,454)
Proceeds from sales of loans held for sale	14,723	38,164
Gain on sales of loans held for sale	(550)	(934)
Changes in:
Accrued interest receivable	(2,901)	252
Prepaid expenses and other assets	(815)	2,311
Accounts payable and other liabilities	136	3,910
Deferred income taxes	(1,981)	1,019
Accrued interest payable	2,383	(79)
Net cash provided by operating activities	39,366	45,874
Cash flows from investing activities:
Net increase in loans	(311,095)	(174,600)
Net change in interest-bearing deposits	1,244	(1,488)
Proceeds from maturities of available for sale securities	27,987	33,863
Proceeds from sales of available for sale securities	136,714	0
Net (purchases) redemptions of Federal Home Loan Bank stock	(788)	502
Net purchases of Federal Reserve Bank of St. Louis stock	(2,701)	(4)
Purchases of available-for-sale securities	(131,827)	(66,168)
Purchases of long-term investment	(165)	(133)
Purchases of premises and equipment	(4,225)	(4,365)
Net cash received from acquisitions	210,704	48,768
Investments in state & federal tax credits	(4,423)	(9,786)
Proceeds from sale of fixed assets	3,464	928
Proceeds from sale of foreclosed assets	1,122	471
Proceeds from BOLI claim	270	0
Net cash used in investing activities	(73,719)	(172,012)
Cash flows from financing activities:
Net (decrease) increase in demand deposits and savings accounts	(104,729)	303,499
Net increase (decrease) in certificates of deposits	193,749	(21,571)
Net decrease in securities sold under agreements to repurchase	(27,629)	0
Proceeds from Federal Home Loan Bank advances	1,579,630	0
Repayments of Federal Home Loan Bank advances	(1,572,668)	(24,287)
Purchase of treasury stock	0	(1,174)
Dividends paid on common stock	(6,252)	(5,337)
Net cash provided by financing activities	62,101	251,130
Increase in cash and cash equivalents	27,748	124,992
Cash and cash equivalents at beginning of period	86,792	123,592
Cash and cash equivalents at end of period	114,540	248,584
Noncash investing and financing activities:
Conversion of loans to foreclosed real estate	1,073	127
Conversion of loans to repossessed assets	58	14
Right of use assets obtained in exchange for lease obligations: Operating Leases	82	109
Cash paid during the period for:
Interest (net of interest credited)	3,717	1,487
Income taxes	4,062	262
Citizens Bancshares Company, purchased on January 20, 2023
Company Purchases - Liabilities were assumed as follows:
Fair value of assets acquired	1,017,837	0
Less: common stock issued	98,280	0
Cash received	32,522	0
Liabilities assumed	887,035	0
Fortune Financial Corporation purchased on February 25, 2022
Company Purchases - Liabilities were assumed as follows:
Fair value of assets acquired	0	267,913
Less: common stock issued	0	22,885
Cash received	0	12,663
Liabilities assumed	0	232,365
First National Bank-Cairo branch, purchased on December 15, 2021
Company Purchases - Liabilities were assumed as follows:
Fair value of assets acquired	0	1,707
Liabilities assumed	0	28,859
Cash paid for the capital stock	$ 0	$ 27,151

Basis of Presentation

Basis of Presentation	9 Months Ended
	Mar. 31, 2023
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 nine- month periods ended March 31, 2023, 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	9 Months Ended
	Mar. 31, 2023
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 March 31, 2023, 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 (“PCL”) 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 (Topic 848)," to provide temporary optional guidance to ease the potential burden in accounting for reference rate reform. LIBOR and other interbank offered rates are widely used benchmarks or reference rates in the United States and globally. Trillions of dollars in loans, derivatives, and other financial contracts reference LIBOR, the benchmark interest rate banks use to make short-term loans to each other. With global capital markets expected to move away from LIBOR and other interbank offered rates and move toward rates that are more observable or transaction based and less susceptible to manipulation, the FASB launched a broad project in late 2018 to address potential accounting challenges expected to arise from the transition. The new guidance provides optional expedients and exceptions for applying generally accepted accounting principles to contract modifications and hedging relationships, subject to meeting certain criteria, that reference LIBOR or another reference rate expected to be discontinued. The ASU is intended to help stakeholders during the global market-wide reference rate transition period. ​ Originally, an entity could apply this ASU as of the beginning of an interim period that includes the March 12, 2020 issuance date of the ASU, through December 31, 2022. With the issuance of ASU 2022-06 - Reference Rate Reform (Topic 848): Deferral of the Sunset Date of Topic 848, the sunset date for adoption of ASU 2020-04 was extended from December 31, 2022 to December 31, 2024. The Company expects to adopt the practical expedients included in this ASU in 2023 as it transitions its loans and other financial instruments to another reference rate. The adoption of ASU 2020-04 is not expected to have a material impact on the Company’s consolidated financial statements. ​ In January 2021, the FASB has published ASU 2021-01, “Reference Rate Reform. (Topic 848)”. ASU 2021-01 clarifies that certain optional expedients and exceptions in Topic 848 for contract modifications and hedge accounting apply to derivatives that are affected by the discounting transition. The ASU also amends the expedients and exceptions in Topic 848 to capture the incremental consequences of the scope clarification and to tailor the existing guidance to derivative instruments affected by the discounting transition. An entity may elect to apply the amendments in this update on a full retrospective basis as of any date from the beginning of an interim period that includes or is subsequent to March 12, 2020, or on a prospective basis to new modifications from any date within an interim period that includes or is subsequent to the date of the issuance of a final update, up to the date that financial statements are available to be issued. If an entity elects to apply any of the amendments in this update for an eligible hedging relationship, any adjustments as a result of those elections must be reflected as of the date the entity applies the election. Originally, the amendments in this update did not apply to contract modifications made after December 31, 2022, new hedging relationships entered into after December 31, 2022, and existing hedging relationships evaluated for effectiveness in periods after December 31, 2022 except for hedging relationships existing as of December 31, 2022, that apply certain optional expedients in which the accounting effects are recorded through the end of the hedging relationship (including periods after December 31, 2022). With the issuance of ASU 2022-06 Reference Rate Reform (Topic 848): Deferral of the Sunset Date of Topic 848, the sunset date for adoption of ASU 2021-01 was extended from December 31, 2022 to December 31, 2024. The Company expects to adopt the practical expedients included in this ASU in 2023 as it transitions its loans and other financial instruments to another reference rate, and is not expected to have a material impact on the 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, and is not expected to have a material impact on the consolidated financial statements. ​ In March 2023, the FASB issued ASU 2023-02, “Investments - Equity Method and Joint Ventures (Topic 323): Accounting for Investments in Tax Credit Structures Using the Proportional Amortization Method.” This ASU permits reporting entities to elect to account for tax equity investments, regardless of the tax credit program for which the income tax credits are received, using the proportional amortization method if certain conditions are met. Under the proportional amortization method, an entity amortizes the initial cost of the investment in proportion to the income tax credits and other income tax benefits received and recognizes the net amortization and income tax credits and other income tax benefits in the income statement as a component of income tax expense. A reporting entity makes an accounting policy election to apply the proportional amortization method on a tax-credit-program-by-tax-credit-program basis rather than electing to apply the proportional amortization method at the reporting entity level or to individual investments. This ASU also requires specific disclosures of investments that generate income tax credits and other income tax benefits from a tax credit program for which the entity has elected to apply the proportional amortization method. The ASU is effective for fiscal years beginning after December 15, 2023. The adoption of ASU 2023-02 is not expected to have a material impact on the consolidated financial statements. ​

Available for Sale Securities

Available for Sale Securities	9 Months Ended
	Mar. 31, 2023
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: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2023 ​ ​ ​ Gross Gross Allowance ​ Estimated ​ Amortized Unrealized Unrealized for Fair (dollars in thousands) Cost Gains Losses Credit Losses Value Debt and equity securities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. government-sponsored enterprises (GSEs) ​ $ 8,476 ​ $ 265 ​ $ — ​ $ — ​ $ 8,741 Obligations of states and political subdivisions ​ ​ 45,740 ​ ​ 43 ​ ​ (2,377) ​ ​ — ​ ​ 43,406 Corporate obligations ​ ​ 36,644 ​ ​ 68 ​ ​ (2,416) ​ ​ — ​ ​ 34,296 Asset backed securities ​ ​ 59,592 ​ ​ 850 ​ ​ (95) ​ ​ — ​ ​ 60,347 Other securities ​ 3,600 ​ 46 ​ (60) ​ — ​ 3,586 Total debt and equity securities ​ ​ 154,052 ​ ​ 1,272 ​ ​ (4,948) ​ ​ — ​ ​ 150,376 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Mortgage-backed securities (MBS) and collateralized mortgage obligations (CMOs): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential MBS issued by governmental sponsored enterprises (GSEs) ​ ​ 100,054 ​ ​ 738 ​ ​ (7,440) ​ ​ — ​ ​ 93,352 Commercial MBS issued by GSEs ​ ​ 60,485 ​ ​ 83 ​ ​ (5,747) ​ ​ — ​ ​ 54,821 CMOs issued by GSEs ​ ​ 138,512 ​ ​ 8 ​ ​ (7,271) ​ ​ — ​ ​ 131,249 Total MBS and CMOs ​ 299,051 ​ 829 ​ (20,458) ​ — ​ ​ 279,422 Total AFS securities ​ $ 453,103 ​ $ 2,101 ​ $ (25,406) ​ $ — ​ $ 429,798 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2023 ​ Amortized Estimated (dollars in thousands) Cost Fair Value Within one year ​ $ 3,227 ​ $ 3,216 After one year but less than five years ​ 29,339 ​ 28,156 After five years but less than ten years ​ 64,436 ​ 61,923 After ten years ​ 57,050 ​ 57,081 Total investment securities ​ 154,052 ​ 150,376 MBS and CMOs ​ 299,051 ​ 279,422 Total AFS securities ​ $ 453,103 ​ $ 429,798 ​ The carrying value of investment and mortgage-backed securities pledged as collateral to secure public deposits amounted to $243.6 million at March 31, 2023, and $198.3 million at June 30, 2022. The securities pledged consist of marketable securities, including $99.1 million and $126.3 million of Mortgage-backed Securities, $111.5 million and $27.3 million of Collateralized Mortgage Obligations, $24.4 million and $42.3 million of State and Political Subdivisions Obligations, and $8.6 million and $2.4 million of other securities at March 31, 2023 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 March 31, 2023 and June 30, 2022: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2023 ​ 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 ​ $ 9,413 ​ $ 98 ​ $ 26,218 ​ $ 2,279 ​ $ 35,631 ​ $ 2,377 Corporate obligations ​ ​ 18,451 ​ ​ 750 ​ ​ 13,760 ​ ​ 1,666 ​ ​ 32,211 ​ ​ 2,416 Asset backed securities ​ ​ 7,013 ​ ​ 95 ​ ​ — ​ ​ — ​ ​ 7,013 ​ ​ 95 Other securities ​ ​ 1,962 ​ ​ 19 ​ ​ 354 ​ ​ 41 ​ ​ 2,316 ​ ​ 60 MBS and CMOs ​ 109,361 ​ 1,528 ​ 135,113 ​ 18,930 ​ 244,474 ​ 20,458 Total AFS securities ​ $ 146,200 ​ $ 2,490 ​ $ 175,445 ​ $ 22,916 ​ $ 321,645 ​ $ 25,406 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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. Because the Company does not intend to sell these securities and it is more likely than not 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. At March 31, 2023, corporate obligations included two pooled trust preferred securities with an estimated fair value of $770,000 and unrealized losses of $209,000 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 March 31, 2023, 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 more likely than not 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 March 31, 2023, is the result of a credit loss. However, the Company could be required to recognize an ACL in future periods with respect to its available for sale investment securities portfolio. Credit losses recognized on investments.

Loans and Allowance for Credit

Loans and Allowance for Credit Losses	9 Months Ended
	Mar. 31, 2023
Loans and Allowance for Credit Losses
Loans and Allowance for Credit Losses	Note 4: Loans and Allowance for Credit Losses Classes of loans are summarized as follows: ​ ​ ​ ​ ​ ​ ​ ​ (dollars in thousands) March 31, 2023 June 30, 2022 Real Estate Loans: ​ ​ ​ ​ ​ ​ Residential ​ $ 1,120,970 ​ $ 904,160 Construction ​ 517,967 ​ 258,072 Commercial ​ 1,460,314 ​ 1,146,673 Consumer loans ​ 125,483 ​ 92,996 Commercial loans ​ 560,979 ​ 441,598 ​ ​ 3,785,713 ​ 2,843,499 Loans in process ​ (305,193) ​ (123,656) Deferred loan fees, net ​ (316) ​ (453) Allowance for credit losses ​ (45,685) ​ (33,192) Total loans ​ $ 3,434,519 ​ $ 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 March 31, 2023, the Bank had purchased participations in 77 loans totaling $104.7 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 March 31, 2023, construction loans outstanding included 79 loans, totaling $68.5 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. ​ ​ ● economic conditions and projections as provided by Moody’s Analytics, including baseline and downside scenarios, were utilized in the Company’s estimate at March 31, 2023. 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 stable 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, relative to June 30, 2022; ​ ● 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 stable risk factor, relative to June 30, 2022; ​ ● 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, relative to June 30, 2022. ​ 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 Citizens and 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 tables below at acquisition carrying value: ​ ​ ​ ​ ​ (dollars in thousands) January 20, 2023 PCD Loans - Citizens ​ ​ ​ Purchase price of PCD loans at acquisition ​ $ 27,481 Allowance for credit losses at acquisition ​ (1,121) Fair value of PCD loans at acquisition ​ $ 26,360 ​ ​ ​ ​ ​ ​ (dollars in thousands) February 25, 2022 PCD Loans - Fortune ​ ​ ​ 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 March 31, 2023 and 2022, and activity in the ACL for the three- and nine- month periods ended March 31, 2023 and 2022: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At period end and for the nine months ended March 31, 2023 ​ 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 Initial ACL on PCD loans ​ ​ 96 ​ ​ 12 ​ ​ 628 ​ ​ 164 ​ ​ 221 ​ ​ 1,121 Provision charged to expense ​ 4,462 ​ 1,406 ​ 1,324 ​ 283 ​ 4,325 ​ 11,800 Losses charged off ​ (2) ​ ​ — ​ ​ (245) ​ ​ (189) ​ ​ (17) ​ (453) Recoveries ​ 1 ​ ​ — ​ ​ — ​ ​ 18 ​ ​ 6 ​ 25 Balance, end of period ​ $ 13,465 ​ $ 3,638 ​ $ 18,545 ​ $ 986 ​ $ 9,051 ​ $ 45,685 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At period end and for the three months ended March 31, 2023 ​ ​ Residential ​ Construction ​ Commercial ​ ​ ​ ​ ​ ​ ​ ​ (dollars in thousands) Real Estate Real Estate Real Estate Consumer Commercial Total Allowance for loan losses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance, beginning of period $ 12,499 $ 2,754 $ 16,806 $ 761 $ 4,663 $ 37,483 Initial ACL on PCD loans ​ ​ 96 ​ ​ 12 ​ ​ 628 ​ ​ 164 ​ ​ 221 ​ ​ 1,121 Provision (benefit) charged to expense ​ ​ 870 ​ ​ 872 ​ ​ 1,111 ​ ​ 165 ​ ​ 4,167 ​ ​ 7,185 Losses charged off ​ ​ — ​ ​ — ​ ​ — ​ ​ (113) ​ ​ — ​ ​ (113) Recoveries ​ ​ — ​ ​ — ​ ​ — ​ ​ 9 ​ ​ — ​ ​ 9 Balance, end of period $ 13,465 $ 3,638 $ 18,545 $ 986 $ 9,051 $ 45,685 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At period end and for the nine months ended March 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 ​ $ 11,192 ​ $ 2,170 ​ $ 14,535 ​ $ 916 ​ $ 4,409 ​ $ 33,222 Initial ACL on PCD loans ​ ​ 23 ​ ​ 4 ​ ​ 52 ​ ​ — ​ ​ 41 ​ ​ 120 Provision (benefit) charged to expense ​ 30 ​ (187) ​ 963 ​ (93) ​ (340) ​ 373 Losses charged off ​ (62) ​ — ​ — ​ (57) ​ (17) ​ (136) Recoveries ​ 3 ​ — ​ — ​ 57 ​ 2 ​ 62 Balance, end of period ​ $ 11,186 ​ $ 1,987 ​ $ 15,550 ​ $ 823 ​ $ 4,095 ​ $ 33,641 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At period end and for the three months ended March 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 $ 10,757 $ 2,126 $ 14,727 $ 830 $ 4,089 $ 32,529 Initial ACL on PCD loans ​ ​ 23 ​ ​ 4 ​ ​ 52 ​ ​ — ​ ​ 41 ​ ​ 120 Provision (benefit) charged to expense ​ ​ 434 ​ ​ (143) ​ ​ 771 ​ ​ 19 ​ ​ (29) ​ ​ 1,052 Losses charged off ​ ​ (30) ​ ​ — ​ ​ — ​ ​ (32) ​ ​ (6) ​ ​ (68) Recoveries ​ ​ 2 ​ ​ — ​ ​ — ​ ​ 6 ​ ​ — ​ ​ 8 Balance, end of period $ 11,186 $ 1,987 $ 15,550 $ 823 $ 4,095 $ 33,641 ​ ​ ​ The following tables present the balance in the allowance for off-balance sheet credit exposure based on portfolio segment as of March 31, 2023 and 2022, and activity in the allowance for the three- and nine- month periods ended March 31, 2023 and 2022: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At period end and for the nine months ended March 31, 2023 ​ 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 ​ ​ 47 ​ ​ 3,400 ​ ​ (80) ​ ​ 41 ​ ​ 1,058 ​ ​ 4,466 Balance, end of period ​ $ 105 ​ $ 5,578 ​ $ 341 ​ $ 102 ​ $ 1,698 ​ $ 7,824 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At period end and for the three months ended March 31, 2023 ​ 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 ​ $ 70 ​ $ 3,629 ​ $ 480 ​ $ 56 ​ $ 702 ​ $ 4,937 Provision (benefit) charged to expense ​ ​ 35 ​ ​ 1,949 ​ ​ (139) ​ ​ 46 ​ ​ 996 ​ ​ 2,887 Balance, end of period ​ $ 105 ​ $ 5,578 ​ $ 341 ​ $ 102 ​ $ 1,698 ​ $ 7,824 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At period end and for the nine months ended March 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 ​ $ 37 ​ $ 502 ​ $ 188 ​ $ 218 ​ $ 860 ​ $ 1,805 Provision (benefit) charged to expense ​ ​ 46 ​ ​ 1,221 ​ ​ 147 ​ ​ (144) ​ ​ (396) ​ ​ 874 Balance, end of period ​ $ 83 ​ $ 1,723 ​ $ 335 ​ $ 74 ​ $ 464 ​ $ 2,679 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At period end and for the three months ended March 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 ​ $ 34 ​ $ 1,673 ​ $ 170 ​ $ 58 ​ $ 244 ​ $ 2,179 Provision (benefit) charged to expense ​ ​ 49 ​ ​ 50 ​ ​ 165 ​ ​ 16 ​ ​ 220 ​ ​ 500 Balance, end of period ​ $ 83 ​ $ 1,723 ​ $ 335 ​ $ 74 ​ $ 464 ​ $ 2,679 ​ ​ 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 March 31, 2023. 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 ​ ​ ​ March 31, 2023 2022 2021 2020 2019 Prior loans Total Residential Real Estate ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 283,090 ​ $ 329,020 ​ $ 260,233 ​ $ 106,337 ​ $ 26,467 ​ $ 100,592 ​ $ 7,511 ​ $ 1,113,250 Watch ​ 283 ​ 1,147 ​ 580 ​ 2,307 ​ 201 ​ 27 ​ 56 ​ 4,601 Special Mention ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — Substandard ​ 799 ​ 724 ​ 448 ​ 85 ​ — ​ 1,063 ​ — ​ 3,119 Doubtful ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — Total Residential Real Estate ​ $ 284,172 ​ $ 330,891 ​ $ 261,261 ​ $ 108,729 ​ $ 26,668 ​ $ 101,682 ​ $ 7,567 ​ $ 1,120,970 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Construction Real Estate ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 112,913 ​ $ 68,069 ​ $ 11,896 ​ $ 9,193 ​ $ 94 ​ $ — ​ $ 5,616 ​ $ 207,781 Watch ​ 155 ​ — ​ — ​ 3,190 ​ — ​ — ​ — ​ 3,345 Special Mention ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — Substandard ​ 1,280 ​ 368 ​ — ​ — ​ — ​ — ​ — ​ 1,648 Doubtful ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — Total Construction Real Estate ​ $ 114,348 ​ $ 68,437 ​ $ 11,896 ​ $ 12,383 ​ $ 94 ​ $ — ​ $ 5,616 ​ $ 212,774 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial Real Estate ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 272,653 ​ $ 480,124 ​ $ 290,963 ​ $ 98,101 ​ $ 86,394 ​ $ 132,560 ​ $ 33,128 ​ $ 1,393,923 Watch ​ 7,251 ​ 9,895 ​ 165 ​ 6,874 ​ — ​ 119 ​ — ​ 24,304 Special Mention ​ 2,940 ​ — ​ — ​ — ​ — ​ — ​ — ​ 2,940 Substandard ​ 3,141 ​ 29,623 ​ 2,438 ​ 303 ​ 478 ​ 1,913 ​ 1,251 ​ 39,147 Doubtful ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — Total Commercial Real Estate ​ $ 285,985 ​ $ 519,642 ​ $ 293,566 ​ $ 105,278 ​ $ 86,872 ​ $ 134,592 ​ $ 34,379 ​ $ 1,460,314 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Consumer ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 27,171 ​ $ 17,498 ​ $ 6,581 ​ $ 2,048 ​ $ 854 ​ $ 1,510 ​ $ 68,727 ​ $ 124,389 Watch ​ 74 ​ 596 ​ 64 ​ 10 ​ — ​ — ​ — ​ 744 Special Mention ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — Substandard ​ 15 ​ 4 ​ 81 ​ 8 ​ — ​ 95 ​ 147 ​ 350 Doubtful ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — Total Consumer ​ $ 27,260 ​ $ 18,098 ​ $ 6,726 ​ $ 2,066 ​ $ 854 ​ $ 1,605 ​ $ 68,874 ​ $ 125,483 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 106,504 ​ $ 87,601 ​ $ 77,257 ​ $ 12,466 ​ $ 9,302 ​ $ 11,427 ​ $ 245,911 ​ $ 550,468 Watch ​ 667 ​ 1,876 ​ 121 ​ 78 ​ 6 ​ — ​ 5,107 ​ 7,855 Special Mention ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — Substandard ​ 466 ​ 798 ​ 137 ​ 155 ​ 192 ​ 621 ​ 287 ​ 2,656 Doubtful ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — Total Commercial ​ $ 107,637 ​ $ 90,275 ​ $ 77,515 ​ $ 12,699 ​ $ 9,500 ​ $ 12,048 ​ $ 251,305 ​ $ 560,979 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 802,331 ​ $ 982,312 ​ $ 646,930 ​ $ 228,145 ​ $ 123,111 ​ $ 246,089 ​ $ 360,893 ​ $ 3,389,811 Watch ​ 8,430 ​ 13,514 ​ 930 ​ 12,459 ​ 207 ​ 146 ​ 5,163 ​ 40,849 Special Mention ​ 2,940 ​ — ​ — ​ — ​ — ​ — ​ — ​ 2,940 Substandard ​ 5,701 ​ 31,517 ​ 3,104 ​ 551 ​ 670 ​ 3,692 ​ 1,685 ​ 46,920 Doubtful ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — Total ​ $ 819,402 ​ $ 1,027,343 ​ $ 650,964 ​ $ 241,155 ​ $ 123,988 ​ $ 249,927 ​ $ 367,741 ​ $ 3,480,520 ​ At March 31, 2023, PCD loans comprised $27.3 million of credits rated “Pass”; $25.1 million rated “Watch”; none rated “Special Mention”; $6.7 million of credits rated “Substandard”; and none rated “Doubtful”. The following table presents the credit risk profile of the Company’s loan portfolio (excluding loans in process and deferred loan fees) based on rating category and 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 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2023 ​ ​ ​ ​ ​ ​ ​ ​ 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 ​ $ 2,110 ​ $ 203 ​ $ 636 ​ $ 2,949 ​ $ 1,118,021 ​ $ 1,120,970 ​ $ — Construction ​ 141 ​ 368 ​ — ​ 509 ​ 212,265 ​ 212,774 ​ — Commercial ​ 281 ​ 97 ​ 1,675 ​ 2,053 ​ 1,458,261 ​ 1,460,314 ​ — Consumer loans ​ 536 ​ 244 ​ 176 ​ 956 ​ 124,527 ​ 125,483 ​ — Commercial loans ​ 185 ​ 96 ​ 634 ​ 915 ​ 560,064 ​ 560,979 ​ — Total loans ​ $ 3,253 ​ $ 1,008 ​ $ 3,121 ​ $ 7,382 ​ $ 3,473,138 ​ $ 3,480,520 ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 March 31, 2023, there was one PCD loan totaling $139,000 that was greater than 90 days past due and on nonaccrual, and none at June 30, 2022. 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. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2023 ​ ​ 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 $ 841 ​ $ 170 Total loans ​ $ 841 ​ $ 170 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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) ​ March 31, 2023 ​ June 30, 2022 Residential real estate ​ $ 1,175 ​ $ 1,647 ​ Construction real estate ​ 368 ​ — ​ Commercial real estate ​ 4,741 ​ 2,259 ​ Consumer loans ​ 183 ​ 73 ​ Commercial loans ​ 930 ​ 139 ​ Total loans ​ $ 7,397 ​ $ 4,118 ​ ​ At March 31, 2023, there were no nonaccrual loans individually evaluated for which no ACL was recorded. Interest income recognized on nonaccrual loans in the three-and nine- month periods ended March 31, 2023 and 2022, was immaterial. Troubled Debt Restructurings ​ During the three- and nine- month periods ended March 31, 2023 and 2022, certain loans modified were classified as TDRs. They are shown, segregated by class, in the tables below: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the three-month periods ended ​ ​ March 31, 2023 ​ March 31, 2022 ​ ​ Number of ​ Recorded ​ Number of ​ Recorded (dollars in thousands) modifications Investment modifications Investment Residential real estate — ​ $ — — ​ $ — Construction real estate — ​ — — ​ — Commercial real estate — ​ — — ​ — Consumer loans — ​ — — ​ — Commercial loans — ​ — 1 ​ 185 Total — ​ $ — 1 ​ $ 185 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the nine-month periods ended ​ ​ March 31, 2023 ​ March 31, 2022 ​ ​ Number of ​ Recorded ​ Number of ​ Recorded (dollars in thousands) modifications Investment modifications Investment Residential real estate — $ — 1 $ 150 Construction real estate — ​ ​ — — ​ ​ — Commercial real estate — ​ ​ — — ​ ​ — Consumer loans — ​ ​ — — ​ ​ — Commercial loans — ​ ​ — 1 ​ ​ 185 Total — $ — 2 $ 335 ​ ​ Performing loans classified as TDRs and outstanding at March 31, 2023, and June 30, 2022, segregated by class, are shown in the table below. Nonperforming TDRs are included in the nonaccrual loans table above. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2023 ​ June 30, 2022 ​ ​ Number of ​ Recorded ​ Number of ​ Recorded (dollars in thousands) modifications Investment modifications Investment Residential real estate 10 ​ $ 3,383 11 ​ $ 3,625 Construction real estate — ​ — — ​ — Commercial real estate 6 ​ 24,241 8 ​ 25,132 Consumer loans — ​ — — ​ — Commercial loans 6 ​ 2,735 8 ​ 1,849 Total 22 ​ $ 30,359 27 ​ $ 30,606 ​ Residential Real Estate Foreclosures

Premises and Equipment

Premises and Equipment	9 Months Ended
	Mar. 31, 2023
Premises and Equipment
Premises and Equipment	Note 5: Premises and Equipment Following is a summary of premises and equipment: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (dollars in thousands) March 31, 2023 June 30, 2022 ​ Land ​ $ 15,403 ​ $ 13,532 ​ Buildings and improvements ​ 78,831 ​ 64,730 ​ Construction in progress ​ 1,266 ​ 142 ​ Furniture, fixtures, equipment and software ​ 24,953 ​ 20,838 ​ Automobiles ​ 122 ​ 120 ​ Operating leases ROU asset ​ 6,259 ​ 3,849 ​ ​ ​ 126,834 ​ 103,211 ​ Less accumulated depreciation ​ 34,491 ​ 31,864 ​ ​ ​ $ 92,343 ​ $ 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. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2023 June 30, 2022 Consolidated Balance Sheet ​ ​ Operating leases ROU asset ​ $ 6,259 ​ $ 3,849 Operating leases liability ​ $ 6,259 ​ $ 3,849 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the three-month periods ended ​ For the nine-month periods ended ​ ​ ​ March 31, ​ March 31, ​ ​ (dollars in thousands) 2023 2022 ​ 2023 ​ 2022 ​ ​ Consolidated Statement of Income ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Operating lease costs classified as occupancy and equipment expense ​ $ 189 ​ $ 117 ​ $ 467 ​ $ 315 ​ ​ (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 ​ $ 148 ​ $ 92 ​ $ 354 ​ $ 261 ​ ​ ROU assets obtained in exchange for operating lease obligations: ​ $ — ​ $ — ​ $ — ​ $ — ​ ​ ​ ​ At March 31, 2023, future expected lease payments for leases with terms exceeding one year were as follows: ​ ​ ​ ​ ​ (dollars in thousands) ​ 2023 ​ $ 236 2024 ​ 712 2025 ​ 656 2026 ​ 604 2027 ​ 587 Thereafter ​ 7,579 Future lease payments expected ​ $ 10,374 ​ The Company leases facilities it owns or portions of facilities it owns to other third parties. The Company has determined that all of these lease agreements, in terms of being the lessor, are classified as operating leases. For the three- and nine- month periods ended March 31, 2023, income recognized from these lessor agreements was ​

Deposits

Deposits	9 Months Ended
	Mar. 31, 2023
Deposits [Abstract]
Deposits	Note 6: Deposits Deposits are summarized as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (dollars in thousands) March 31, 2023 June 30, 2022 Non-interest bearing accounts ​ $ 618,598 ​ $ 426,929 ​ NOW accounts ​ 1,430,019 ​ 1,171,620 ​ Money market deposit accounts ​ 448,622 ​ 303,612 ​ Savings accounts ​ 304,663 ​ 274,283 ​ Certificates ​ ​ 953,291 ​ ​ 638,631 ​ Total Deposit Accounts ​ $ 3,755,193 ​ $ 2,815,075 ​ ​ Brokered certificates totaled $97.9 million at March 31, 2023, compared to $10.8 million at June 30, 2022. ​ ​

Earnings Per Share

Earnings Per Share	9 Months Ended
	Mar. 31, 2023
Earnings Per Share
Earnings Per Share	Note 7: Earnings Per Share The following table sets forth the computation of basic and diluted earnings per share: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ended Nine months ended ​ ​ ​ March 31, March 31, ​ (dollars in thousands except per share data) 2023 2022 2023 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net income ​ $ 2,409 ​ $ 9,351 ​ $ 23,676 ​ $ 34,082 ​ Less: distributed earnings allocated to participating securities ​ (10) ​ (8) ​ (31) ​ (22) ​ Less: undistributed earnings allocated to participating securities ​ (8) ​ (33) ​ (89) ​ (118) ​ Net income available to common shareholders ​ $ 2,391 ​ $ 9,310 ​ $ 23,556 ​ $ 33,942 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted-average common shares outstanding, including participating securities ​ 10,893,199 ​ 9,060,272 ​ 9,783,773 ​ 8,948,856 ​ Less: weighted-average participating securities outstanding (restricted shares) ​ (49,510) ​ (39,230) ​ (44,100) ​ (36,998) ​ Denominator for basic earnings per share - ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted-average shares outstanding ​ 10,843,689 ​ 9,021,042 ​ 9,739,673 ​ 8,911,858 ​ Effect of dilutive securities stock options or awards ​ 14,652 ​ 23,004 ​ 20,459 ​ 18,488 ​ Denominator for diluted earnings per share ​ ​ 10,858,341 ​ ​ 9,044,046 ​ ​ 9,760,132 ​ ​ 8,930,346 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Basic earnings per share available to common stockholders ​ $ 0.22 ​ $ 1.03 ​ $ 2.42 ​ $ 3.81 ​ Diluted earnings per share available to common stockholders ​ $ 0.22 ​ $ 1.03 ​ $ 2.41 ​ $ 3.80 ​ ​ 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 84,740 and 66,440 were excluded from the computation of diluted earnings per share for each of the three- and nine- month periods ended March 31, 2023, while outstanding options and shares of restricted stock totaling 14,500 and 22,750 were excluded from the computation of diluted earnings per share for each of the three- and nine- month periods ended March 31, 2022.

Income Taxes

Income Taxes	9 Months Ended
	Mar. 31, 2023
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 nine-month periods ended (dollars in thousands) ​ March 31, 2023 ​ March 31, 2022 ​ March 31, 2023 ​ March 31, 2022 Income taxes ​ ​ ​ ​ ​ Current ​ $ 2,572 ​ $ 1,852 ​ $ 8,269 ​ $ 8,114 Deferred ​ (1,994) ​ 506 ​ (1,981) ​ 1,019 Total income tax provision ​ $ 578 ​ $ 2,358 ​ $ 6,288 ​ $ 9,133 ​ The components of net deferred tax assets (included in other assets on the condensed consolidated balance sheet) are summarized as follows: ​ ​ ​ ​ ​ ​ ​ ​ (dollars in thousands) March 31, 2023 June 30, 2022 Deferred tax assets: ​ ​ Provision for losses on loans ​ $ 11,560 ​ $ 7,761 Accrued compensation and benefits ​ 881 ​ 828 NOL carry forwards acquired ​ 846 ​ 57 Tax credit carry forward ​ 1,035 ​ — Unrealized loss on other real estate ​ 868 ​ 72 Unrealized loss on available for sale securities ​ ​ 5,087 ​ ​ 4,921 Total deferred tax assets ​ 20,277 ​ 13,639 ​ ​ ​ ​ ​ ​ ​ Deferred tax liabilities: ​ ​ ​ ​ Purchase accounting adjustments ​ 728 ​ 224 Depreciation ​ 4,327 ​ 1,974 FHLB stock dividends ​ 120 ​ 120 Prepaid expenses ​ 545 ​ 415 Other ​ 1,777 ​ 181 Total deferred tax liabilities ​ 7,497 ​ 2,914 Net deferred tax asset ​ $ 12,780 ​ $ 10,725 ​ As of March 31, 2023, the Company had approximately $3.8 million 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., the April 2020 acquisition of Central Federal Savings and Loan, the February 2022 acquisition of Fortune Bank, and the January 2023 acquisition of Citizens Bank and Trust. The amount reported is net of the IRC Sec. 382 limitation, or state equivalent, related to utilization of net operating loss carryforwards of acquired corporations. Unless otherwise utilized, the net operating losses will begin to expire in 2027. A reconciliation of income tax expense at the statutory rate to the Company’s actual income tax expense is shown below: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the three-month periods ended For the nine-month periods ended ​ (dollars in thousands) ​ March 31, 2023 ​ March 31, 2022 ​ March 31, 2023 ​ March 31, 2022 ​ Tax at statutory rate ​ $ 627 ​ $ 2,459 ​ $ 6,292 ​ $ 9,075 ​ Increase (reduction) in taxes resulting from: ​ ​ ​ ​ ​ ​ ​ ​ ​ Nontaxable municipal income ​ (54) ​ (80) ​ (211) ​ (273) ​ State tax, net of Federal benefit ​ (179) ​ 32 ​ — ​ 501 ​ Cash surrender value of Bank-owned life insurance ​ (77) ​ (61) ​ (211) ​ (179) ​ Tax credit benefits ​ (3) ​ (13) ​ (7) ​ (34) ​ Other, net ​ 264 ​ 21 ​ 425 ​ 43 ​ Actual provision ​ $ 578 ​ $ 2,358 ​ $ 6,288 ​ $ 9,133 ​ ​ For the three- and nine- month periods ended March 31, 2023 and 2022, income tax expense at the statutory rate was calculated using a 21% annual effective tax rate (AETR). Tax credit benefits are recognized under the deferral method of accounting for investments in tax credits.

401(k) Retirement Plan

401(k) Retirement Plan	9 Months Ended
	Mar. 31, 2023
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 nine- month periods ended March 31, 2023 retirement plan expenses recognized for the Plan totaled approximately million 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	9 Months Ended
	Mar. 31, 2023
Subordinated Debt.
Subordinated Debt	Note 10: Subordinated Debt In March 2004, the Company established Southern Missouri Statutory Trust I as a statutory business trust, to issue Floating Rate Capital Securities (the “Trust Preferred Securities”). The securities mature in 2034, became redeemable after five years , and bear interest at a floating rate based on LIBOR. The securities represent undivided beneficial interests in the trust, which was established by the Company for the purpose of issuing the securities. The Trust Preferred Securities were sold in a private transaction exempt from registration under the Securities Act of 1933, as amended (the “Act”) and have not been registered under the Act. The securities may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. Southern Missouri Statutory Trust I used the proceeds from the sale of the Trust Preferred Securities to purchase Junior Subordinated Debentures (the “Debentures”) of the Company which have terms identical to the Trust Preferred Securities. At March 31, 2023, 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 March 31, 2023, the current rate was 7.32%. The carrying value of the debt securities was approximately $2.7 million at March 31, 2023 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 March 31, 2023, the current rate was 6.67% . 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 March 31, 2023 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 March 31, 2023 and June 30, 2022.

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Mar. 31, 2023
Fair Value Measurements
Fair Value Measurements	Note 11: Fair Value Measurements ASC Topic 820, Fair Value Measurements Level 1 Level 2 Level 3 Recurring Measurements. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value Measurements at March 31, 2023 ​ ​ ​ ​ ​ 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) U.S. government sponsored enterprises (GSEs) ​ $ 8,741 ​ $ — ​ $ 8,741 ​ $ — Obligations of state and political subdivisions ​ ​ 43,406 ​ ​ ​ ​ ​ 43,406 ​ ​ ​ Corporate obligations ​ ​ 34,296 ​ ​ — ​ ​ 34,296 ​ ​ — Asset backed securities ​ ​ 60,347 ​ ​ ​ ​ ​ 60,347 ​ ​ ​ Other securities ​ 3,586 ​ — ​ 3,586 ​ — MBS and CMOs ​ 279,422 ​ — ​ 279,422 ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 nine- month periods ended March 31, 2023 and 2022: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the nine months ended ​ (dollars in thousands) ​ March 31, 2023 ​ March 31, 2022 ​ Foreclosed and repossessed assets held for sale ​ $ (123) ​ $ (435) ​ Total losses on assets measured on a non-recurring basis ​ $ (123) ​ $ (435) ​ ​ 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. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2023 ​ ​ ​ ​ ​ 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 ​ $ 114,540 ​ $ 114,540 ​ $ — ​ $ — Interest-bearing time deposits ​ 1,251 ​ — ​ 1,251 ​ — Stock in FHLB ​ 7,855 ​ — ​ 7,855 ​ — Stock in Federal Reserve Bank of St. Louis ​ 8,491 ​ — ​ 8,491 ​ — Loans receivable, net ​ 3,434,519 ​ — ​ — ​ 3,272,957 Accrued interest receivable ​ 16,372 ​ — ​ 16,372 ​ — Financial liabilities ​ ​ ​ ​ ​ ​ ​ ​ Deposits ​ 3,755,193 ​ 2,801,811 ​ — ​ 941,690 Advances from FHLB ​ 45,002 ​ — ​ 44,088 ​ — Accrued interest payable ​ 3,721 ​ — ​ 3,721 ​ — Subordinated debt ​ 23,092 ​ — ​ — ​ 20,345 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	9 Months Ended
	Mar. 31, 2023
Business Combinations
Business Combinations	​ ​ Note 12: Business Combinations ​ On January 20, 2023, the Company completed its acquisition of Citizens Bancshares, Co., Kansas City, Missouri (“Citizens”), and its wholly owned subsidiary, Citizens Bank and Trust Company, in a stock and cash transaction. In late February 2023, the Company merged Citizens Bank and Trust Company with and into Southern Bank, coincident to the data systems conversion. ​ 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 preliminary valuations of the fair value of tangible and intangible assets acquired and liabilities assumed, the purchase price for the Citizens acquisition is detailed in the following table. If, prior to the end of the one-year measurement period for finalizing the purchase price allocation, information becomes available about facts and circumstances that existed as of the acquisition date, which would indicate adjustments are required to the purchase price allocation, such adjustments will be included in the purchase price allocation retrospectively. ​ ​ ​ ​ ​ Citizens Bancshares Company ​ ​ ​ Fair Value of Consideration Transferred ​ ​ (dollars in thousands) ​ ​ Cash ​ $ 32,522 Common stock, at fair value ​ ​ 98,280 Total consideration ​ $ 130,802 ​ ​ ​ Recognized amounts of identifiable assets acquired and liabilities assumed ​ ​ ​ ​ ​ Cash and cash equivalents ​ $ 243,225 Investment securities ​ 226,451 Loans ​ 447,388 Premises and equipment ​ 23,430 BOLI ​ 21,733 Identifiable intangible assets ​ 24,645 Miscellaneous other assets ​ 7,596 ​ ​ ​ Deposits ​ (851,140) Securities sold under agreements to repurchase ​ (27,629) Miscellaneous other liabilities ​ ​ (8,266) Total identifiable net assets ​ ​ 107,433 Goodwill ​ $ 23,369 ​ Of the total purchase price, $22.1 million was allocated to core deposit intangible, and will be amortized over ten years on a straight line basis, $2.5 million was allocated to trust intangible and will be amortized over ten years on a straight line basis, and $23.4 million was allocated to goodwill. None of the purchase price is deductible. Goodwill is attributable to synergies and economies of scale expected from combining the operations of the Citizens Bank. 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 $461.5 million loan portfolio at an estimated fair value discount of $14.1 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 of $419.5 million and gross contractual amounts receivable of $520.0 million at the date of acquisition. Management identified 48 PCD loans, with a book balance of $27.5 million, associated with the Citizens acquisition (ASC 310-30). ​ The acquired business contributed revenues of $5.7 million and earnings of $1.2 million for the period from January 20, 2023 through March 31, 2023. The following unaudited pro forma summaries present consolidated information of the Company as if the business combination had occurred on the first day of each period: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pro Forma ​ ​ For the three months ended ​ ​ March 31, (dollars in thousands) ​ ​ 2023 ​ ​ 2022 ​ Revenue ​ $ 43,232 ​ $ 40,529 ​ Earnings ​ $ 4,103 ​ $ 11,987 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pro Forma ​ ​ For the nine months ended ​ ​ March 31, (dollars in thousands) ​ ​ 2023 ​ ​ 2022 ​ Revenue ​ $ 138,709 ​ $ 121,128 ​ Earnings ​ $ 35,595 ​ $ 41,265 ​ ​ ​ 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 nine- month periods ended March 31, 2023, the Company incurred , respectively, 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, 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)	9 Months Ended
	Mar. 31, 2023
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 March 31, 2023, 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 (“PCL”) 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 (Topic 848)," to provide temporary optional guidance to ease the potential burden in accounting for reference rate reform. LIBOR and other interbank offered rates are widely used benchmarks or reference rates in the United States and globally. Trillions of dollars in loans, derivatives, and other financial contracts reference LIBOR, the benchmark interest rate banks use to make short-term loans to each other. With global capital markets expected to move away from LIBOR and other interbank offered rates and move toward rates that are more observable or transaction based and less susceptible to manipulation, the FASB launched a broad project in late 2018 to address potential accounting challenges expected to arise from the transition. The new guidance provides optional expedients and exceptions for applying generally accepted accounting principles to contract modifications and hedging relationships, subject to meeting certain criteria, that reference LIBOR or another reference rate expected to be discontinued. The ASU is intended to help stakeholders during the global market-wide reference rate transition period. ​ Originally, an entity could apply this ASU as of the beginning of an interim period that includes the March 12, 2020 issuance date of the ASU, through December 31, 2022. With the issuance of ASU 2022-06 - Reference Rate Reform (Topic 848): Deferral of the Sunset Date of Topic 848, the sunset date for adoption of ASU 2020-04 was extended from December 31, 2022 to December 31, 2024. The Company expects to adopt the practical expedients included in this ASU in 2023 as it transitions its loans and other financial instruments to another reference rate. The adoption of ASU 2020-04 is not expected to have a material impact on the Company’s consolidated financial statements. ​ In January 2021, the FASB has published ASU 2021-01, “Reference Rate Reform. (Topic 848)”. ASU 2021-01 clarifies that certain optional expedients and exceptions in Topic 848 for contract modifications and hedge accounting apply to derivatives that are affected by the discounting transition. The ASU also amends the expedients and exceptions in Topic 848 to capture the incremental consequences of the scope clarification and to tailor the existing guidance to derivative instruments affected by the discounting transition. An entity may elect to apply the amendments in this update on a full retrospective basis as of any date from the beginning of an interim period that includes or is subsequent to March 12, 2020, or on a prospective basis to new modifications from any date within an interim period that includes or is subsequent to the date of the issuance of a final update, up to the date that financial statements are available to be issued. If an entity elects to apply any of the amendments in this update for an eligible hedging relationship, any adjustments as a result of those elections must be reflected as of the date the entity applies the election. Originally, the amendments in this update did not apply to contract modifications made after December 31, 2022, new hedging relationships entered into after December 31, 2022, and existing hedging relationships evaluated for effectiveness in periods after December 31, 2022 except for hedging relationships existing as of December 31, 2022, that apply certain optional expedients in which the accounting effects are recorded through the end of the hedging relationship (including periods after December 31, 2022). With the issuance of ASU 2022-06 Reference Rate Reform (Topic 848): Deferral of the Sunset Date of Topic 848, the sunset date for adoption of ASU 2021-01 was extended from December 31, 2022 to December 31, 2024. The Company expects to adopt the practical expedients included in this ASU in 2023 as it transitions its loans and other financial instruments to another reference rate, and is not expected to have a material impact on the 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, and is not expected to have a material impact on the consolidated financial statements.

Available for Sale Securities (

Available for Sale Securities (Tables)	9 Months Ended
	Mar. 31, 2023
Available for Sale Securities
Schedule of Available for Sale Securities	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2023 ​ ​ ​ Gross Gross Allowance ​ Estimated ​ Amortized Unrealized Unrealized for Fair (dollars in thousands) Cost Gains Losses Credit Losses Value Debt and equity securities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. government-sponsored enterprises (GSEs) ​ $ 8,476 ​ $ 265 ​ $ — ​ $ — ​ $ 8,741 Obligations of states and political subdivisions ​ ​ 45,740 ​ ​ 43 ​ ​ (2,377) ​ ​ — ​ ​ 43,406 Corporate obligations ​ ​ 36,644 ​ ​ 68 ​ ​ (2,416) ​ ​ — ​ ​ 34,296 Asset backed securities ​ ​ 59,592 ​ ​ 850 ​ ​ (95) ​ ​ — ​ ​ 60,347 Other securities ​ 3,600 ​ 46 ​ (60) ​ — ​ 3,586 Total debt and equity securities ​ ​ 154,052 ​ ​ 1,272 ​ ​ (4,948) ​ ​ — ​ ​ 150,376 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Mortgage-backed securities (MBS) and collateralized mortgage obligations (CMOs): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential MBS issued by governmental sponsored enterprises (GSEs) ​ ​ 100,054 ​ ​ 738 ​ ​ (7,440) ​ ​ — ​ ​ 93,352 Commercial MBS issued by GSEs ​ ​ 60,485 ​ ​ 83 ​ ​ (5,747) ​ ​ — ​ ​ 54,821 CMOs issued by GSEs ​ ​ 138,512 ​ ​ 8 ​ ​ (7,271) ​ ​ — ​ ​ 131,249 Total MBS and CMOs ​ 299,051 ​ 829 ​ (20,458) ​ — ​ ​ 279,422 Total AFS securities ​ $ 453,103 ​ $ 2,101 ​ $ (25,406) ​ $ — ​ $ 429,798 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2023 ​ Amortized Estimated (dollars in thousands) Cost Fair Value Within one year ​ $ 3,227 ​ $ 3,216 After one year but less than five years ​ 29,339 ​ 28,156 After five years but less than ten years ​ 64,436 ​ 61,923 After ten years ​ 57,050 ​ 57,081 Total investment securities ​ 154,052 ​ 150,376 MBS and CMOs ​ 299,051 ​ 279,422 Total AFS securities ​ $ 453,103 ​ $ 429,798 ​
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2023 ​ 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 ​ $ 9,413 ​ $ 98 ​ $ 26,218 ​ $ 2,279 ​ $ 35,631 ​ $ 2,377 Corporate obligations ​ ​ 18,451 ​ ​ 750 ​ ​ 13,760 ​ ​ 1,666 ​ ​ 32,211 ​ ​ 2,416 Asset backed securities ​ ​ 7,013 ​ ​ 95 ​ ​ — ​ ​ — ​ ​ 7,013 ​ ​ 95 Other securities ​ ​ 1,962 ​ ​ 19 ​ ​ 354 ​ ​ 41 ​ ​ 2,316 ​ ​ 60 MBS and CMOs ​ 109,361 ​ 1,528 ​ 135,113 ​ 18,930 ​ 244,474 ​ 20,458 Total AFS securities ​ $ 146,200 ​ $ 2,490 ​ $ 175,445 ​ $ 22,916 ​ $ 321,645 ​ $ 25,406 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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)	9 Months Ended
	Mar. 31, 2023
Loans and Allowance for Credit Losses
Schedule of classes of loans	​ ​ ​ ​ ​ ​ ​ ​ (dollars in thousands) March 31, 2023 June 30, 2022 Real Estate Loans: ​ ​ ​ ​ ​ ​ Residential ​ $ 1,120,970 ​ $ 904,160 Construction ​ 517,967 ​ 258,072 Commercial ​ 1,460,314 ​ 1,146,673 Consumer loans ​ 125,483 ​ 92,996 Commercial loans ​ 560,979 ​ 441,598 ​ ​ 3,785,713 ​ 2,843,499 Loans in process ​ (305,193) ​ (123,656) Deferred loan fees, net ​ (316) ​ (453) Allowance for credit losses ​ (45,685) ​ (33,192) Total loans ​ $ 3,434,519 ​ $ 2,686,198 ​
Loans that the Company acquired from Fortune, PCD loans	​ ​ ​ ​ ​ (dollars in thousands) January 20, 2023 PCD Loans - Citizens ​ ​ ​ Purchase price of PCD loans at acquisition ​ $ 27,481 Allowance for credit losses at acquisition ​ (1,121) Fair value of PCD loans at acquisition ​ $ 26,360 ​ ​ ​ ​ ​ ​ (dollars in thousands) February 25, 2022 PCD Loans - Fortune ​ ​ ​ 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 nine months ended March 31, 2023 ​ 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 Initial ACL on PCD loans ​ ​ 96 ​ ​ 12 ​ ​ 628 ​ ​ 164 ​ ​ 221 ​ ​ 1,121 Provision charged to expense ​ 4,462 ​ 1,406 ​ 1,324 ​ 283 ​ 4,325 ​ 11,800 Losses charged off ​ (2) ​ ​ — ​ ​ (245) ​ ​ (189) ​ ​ (17) ​ (453) Recoveries ​ 1 ​ ​ — ​ ​ — ​ ​ 18 ​ ​ 6 ​ 25 Balance, end of period ​ $ 13,465 ​ $ 3,638 ​ $ 18,545 ​ $ 986 ​ $ 9,051 ​ $ 45,685 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At period end and for the three months ended March 31, 2023 ​ ​ Residential ​ Construction ​ Commercial ​ ​ ​ ​ ​ ​ ​ ​ (dollars in thousands) Real Estate Real Estate Real Estate Consumer Commercial Total Allowance for loan losses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance, beginning of period $ 12,499 $ 2,754 $ 16,806 $ 761 $ 4,663 $ 37,483 Initial ACL on PCD loans ​ ​ 96 ​ ​ 12 ​ ​ 628 ​ ​ 164 ​ ​ 221 ​ ​ 1,121 Provision (benefit) charged to expense ​ ​ 870 ​ ​ 872 ​ ​ 1,111 ​ ​ 165 ​ ​ 4,167 ​ ​ 7,185 Losses charged off ​ ​ — ​ ​ — ​ ​ — ​ ​ (113) ​ ​ — ​ ​ (113) Recoveries ​ ​ — ​ ​ — ​ ​ — ​ ​ 9 ​ ​ — ​ ​ 9 Balance, end of period $ 13,465 $ 3,638 $ 18,545 $ 986 $ 9,051 $ 45,685 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At period end and for the nine months ended March 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 ​ $ 11,192 ​ $ 2,170 ​ $ 14,535 ​ $ 916 ​ $ 4,409 ​ $ 33,222 Initial ACL on PCD loans ​ ​ 23 ​ ​ 4 ​ ​ 52 ​ ​ — ​ ​ 41 ​ ​ 120 Provision (benefit) charged to expense ​ 30 ​ (187) ​ 963 ​ (93) ​ (340) ​ 373 Losses charged off ​ (62) ​ — ​ — ​ (57) ​ (17) ​ (136) Recoveries ​ 3 ​ — ​ — ​ 57 ​ 2 ​ 62 Balance, end of period ​ $ 11,186 ​ $ 1,987 ​ $ 15,550 ​ $ 823 ​ $ 4,095 ​ $ 33,641 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At period end and for the three months ended March 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 $ 10,757 $ 2,126 $ 14,727 $ 830 $ 4,089 $ 32,529 Initial ACL on PCD loans ​ ​ 23 ​ ​ 4 ​ ​ 52 ​ ​ — ​ ​ 41 ​ ​ 120 Provision (benefit) charged to expense ​ ​ 434 ​ ​ (143) ​ ​ 771 ​ ​ 19 ​ ​ (29) ​ ​ 1,052 Losses charged off ​ ​ (30) ​ ​ — ​ ​ — ​ ​ (32) ​ ​ (6) ​ ​ (68) Recoveries ​ ​ 2 ​ ​ — ​ ​ — ​ ​ 6 ​ ​ — ​ ​ 8 Balance, end of period $ 11,186 $ 1,987 $ 15,550 $ 823 $ 4,095 $ 33,641 ​ ​
Schedule of Allowance for off-balance credit exposure	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At period end and for the nine months ended March 31, 2023 ​ 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 ​ ​ 47 ​ ​ 3,400 ​ ​ (80) ​ ​ 41 ​ ​ 1,058 ​ ​ 4,466 Balance, end of period ​ $ 105 ​ $ 5,578 ​ $ 341 ​ $ 102 ​ $ 1,698 ​ $ 7,824 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At period end and for the three months ended March 31, 2023 ​ 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 ​ $ 70 ​ $ 3,629 ​ $ 480 ​ $ 56 ​ $ 702 ​ $ 4,937 Provision (benefit) charged to expense ​ ​ 35 ​ ​ 1,949 ​ ​ (139) ​ ​ 46 ​ ​ 996 ​ ​ 2,887 Balance, end of period ​ $ 105 ​ $ 5,578 ​ $ 341 ​ $ 102 ​ $ 1,698 ​ $ 7,824 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At period end and for the nine months ended March 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 ​ $ 37 ​ $ 502 ​ $ 188 ​ $ 218 ​ $ 860 ​ $ 1,805 Provision (benefit) charged to expense ​ ​ 46 ​ ​ 1,221 ​ ​ 147 ​ ​ (144) ​ ​ (396) ​ ​ 874 Balance, end of period ​ $ 83 ​ $ 1,723 ​ $ 335 ​ $ 74 ​ $ 464 ​ $ 2,679 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At period end and for the three months ended March 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 ​ $ 34 ​ $ 1,673 ​ $ 170 ​ $ 58 ​ $ 244 ​ $ 2,179 Provision (benefit) charged to expense ​ ​ 49 ​ ​ 50 ​ ​ 165 ​ ​ 16 ​ ​ 220 ​ ​ 500 Balance, end of period ​ $ 83 ​ $ 1,723 ​ $ 335 ​ $ 74 ​ $ 464 ​ $ 2,679 ​ ​
Schedule of credit risk profile of the Company's loan portfolio based on rating category and payment activity	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (dollars in thousands) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Revolving ​ ​ ​ March 31, 2023 2022 2021 2020 2019 Prior loans Total Residential Real Estate ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 283,090 ​ $ 329,020 ​ $ 260,233 ​ $ 106,337 ​ $ 26,467 ​ $ 100,592 ​ $ 7,511 ​ $ 1,113,250 Watch ​ 283 ​ 1,147 ​ 580 ​ 2,307 ​ 201 ​ 27 ​ 56 ​ 4,601 Special Mention ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — Substandard ​ 799 ​ 724 ​ 448 ​ 85 ​ — ​ 1,063 ​ — ​ 3,119 Doubtful ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — Total Residential Real Estate ​ $ 284,172 ​ $ 330,891 ​ $ 261,261 ​ $ 108,729 ​ $ 26,668 ​ $ 101,682 ​ $ 7,567 ​ $ 1,120,970 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Construction Real Estate ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 112,913 ​ $ 68,069 ​ $ 11,896 ​ $ 9,193 ​ $ 94 ​ $ — ​ $ 5,616 ​ $ 207,781 Watch ​ 155 ​ — ​ — ​ 3,190 ​ — ​ — ​ — ​ 3,345 Special Mention ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — Substandard ​ 1,280 ​ 368 ​ — ​ — ​ — ​ — ​ — ​ 1,648 Doubtful ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — Total Construction Real Estate ​ $ 114,348 ​ $ 68,437 ​ $ 11,896 ​ $ 12,383 ​ $ 94 ​ $ — ​ $ 5,616 ​ $ 212,774 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial Real Estate ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 272,653 ​ $ 480,124 ​ $ 290,963 ​ $ 98,101 ​ $ 86,394 ​ $ 132,560 ​ $ 33,128 ​ $ 1,393,923 Watch ​ 7,251 ​ 9,895 ​ 165 ​ 6,874 ​ — ​ 119 ​ — ​ 24,304 Special Mention ​ 2,940 ​ — ​ — ​ — ​ — ​ — ​ — ​ 2,940 Substandard ​ 3,141 ​ 29,623 ​ 2,438 ​ 303 ​ 478 ​ 1,913 ​ 1,251 ​ 39,147 Doubtful ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — Total Commercial Real Estate ​ $ 285,985 ​ $ 519,642 ​ $ 293,566 ​ $ 105,278 ​ $ 86,872 ​ $ 134,592 ​ $ 34,379 ​ $ 1,460,314 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Consumer ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 27,171 ​ $ 17,498 ​ $ 6,581 ​ $ 2,048 ​ $ 854 ​ $ 1,510 ​ $ 68,727 ​ $ 124,389 Watch ​ 74 ​ 596 ​ 64 ​ 10 ​ — ​ — ​ — ​ 744 Special Mention ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — Substandard ​ 15 ​ 4 ​ 81 ​ 8 ​ — ​ 95 ​ 147 ​ 350 Doubtful ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — Total Consumer ​ $ 27,260 ​ $ 18,098 ​ $ 6,726 ​ $ 2,066 ​ $ 854 ​ $ 1,605 ​ $ 68,874 ​ $ 125,483 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 106,504 ​ $ 87,601 ​ $ 77,257 ​ $ 12,466 ​ $ 9,302 ​ $ 11,427 ​ $ 245,911 ​ $ 550,468 Watch ​ 667 ​ 1,876 ​ 121 ​ 78 ​ 6 ​ — ​ 5,107 ​ 7,855 Special Mention ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — Substandard ​ 466 ​ 798 ​ 137 ​ 155 ​ 192 ​ 621 ​ 287 ​ 2,656 Doubtful ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — Total Commercial ​ $ 107,637 ​ $ 90,275 ​ $ 77,515 ​ $ 12,699 ​ $ 9,500 ​ $ 12,048 ​ $ 251,305 ​ $ 560,979 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 802,331 ​ $ 982,312 ​ $ 646,930 ​ $ 228,145 ​ $ 123,111 ​ $ 246,089 ​ $ 360,893 ​ $ 3,389,811 Watch ​ 8,430 ​ 13,514 ​ 930 ​ 12,459 ​ 207 ​ 146 ​ 5,163 ​ 40,849 Special Mention ​ 2,940 ​ — ​ — ​ — ​ — ​ — ​ — ​ 2,940 Substandard ​ 5,701 ​ 31,517 ​ 3,104 ​ 551 ​ 670 ​ 3,692 ​ 1,685 ​ 46,920 Doubtful ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — Total ​ $ 819,402 ​ $ 1,027,343 ​ $ 650,964 ​ $ 241,155 ​ $ 123,988 ​ $ 249,927 ​ $ 367,741 ​ $ 3,480,520 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (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	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2023 ​ ​ ​ ​ ​ ​ ​ ​ 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 ​ $ 2,110 ​ $ 203 ​ $ 636 ​ $ 2,949 ​ $ 1,118,021 ​ $ 1,120,970 ​ $ — Construction ​ 141 ​ 368 ​ — ​ 509 ​ 212,265 ​ 212,774 ​ — Commercial ​ 281 ​ 97 ​ 1,675 ​ 2,053 ​ 1,458,261 ​ 1,460,314 ​ — Consumer loans ​ 536 ​ 244 ​ 176 ​ 956 ​ 124,527 ​ 125,483 ​ — Commercial loans ​ 185 ​ 96 ​ 634 ​ 915 ​ 560,064 ​ 560,979 ​ — Total loans ​ $ 3,253 ​ $ 1,008 ​ $ 3,121 ​ $ 7,382 ​ $ 3,473,138 ​ $ 3,480,520 ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2023 ​ ​ 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 $ 841 ​ $ 170 Total loans ​ $ 841 ​ $ 170 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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) ​ March 31, 2023 ​ June 30, 2022 Residential real estate ​ $ 1,175 ​ $ 1,647 ​ Construction real estate ​ 368 ​ — ​ Commercial real estate ​ 4,741 ​ 2,259 ​ Consumer loans ​ 183 ​ 73 ​ Commercial loans ​ 930 ​ 139 ​ Total loans ​ $ 7,397 ​ $ 4,118 ​ ​
Certain loans modified classified as TDRs	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the three-month periods ended ​ ​ March 31, 2023 ​ March 31, 2022 ​ ​ Number of ​ Recorded ​ Number of ​ Recorded (dollars in thousands) modifications Investment modifications Investment Residential real estate — ​ $ — — ​ $ — Construction real estate — ​ — — ​ — Commercial real estate — ​ — — ​ — Consumer loans — ​ — — ​ — Commercial loans — ​ — 1 ​ 185 Total — ​ $ — 1 ​ $ 185 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the nine-month periods ended ​ ​ March 31, 2023 ​ March 31, 2022 ​ ​ Number of ​ Recorded ​ Number of ​ Recorded (dollars in thousands) modifications Investment modifications Investment Residential real estate — $ — 1 $ 150 Construction real estate — ​ ​ — — ​ ​ — Commercial real estate — ​ ​ — — ​ ​ — Consumer loans — ​ ​ — — ​ ​ — Commercial loans — ​ ​ — 1 ​ ​ 185 Total — $ — 2 $ 335 ​
Performing loans classified as TDRs and outstanding , segregated by class	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2023 ​ June 30, 2022 ​ ​ Number of ​ Recorded ​ Number of ​ Recorded (dollars in thousands) modifications Investment modifications Investment Residential real estate 10 ​ $ 3,383 11 ​ $ 3,625 Construction real estate — ​ — — ​ — Commercial real estate 6 ​ 24,241 8 ​ 25,132 Consumer loans — ​ — — ​ — Commercial loans 6 ​ 2,735 8 ​ 1,849 Total 22 ​ $ 30,359 27 ​ $ 30,606 ​

Premises and Equipment (Tables)

Premises and Equipment (Tables)	9 Months Ended
	Mar. 31, 2023
Premises and Equipment
Schedule of summary of premises and equipment	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (dollars in thousands) March 31, 2023 June 30, 2022 ​ Land ​ $ 15,403 ​ $ 13,532 ​ Buildings and improvements ​ 78,831 ​ 64,730 ​ Construction in progress ​ 1,266 ​ 142 ​ Furniture, fixtures, equipment and software ​ 24,953 ​ 20,838 ​ Automobiles ​ 122 ​ 120 ​ Operating leases ROU asset ​ 6,259 ​ 3,849 ​ ​ ​ 126,834 ​ 103,211 ​ Less accumulated depreciation ​ 34,491 ​ 31,864 ​ ​ ​ $ 92,343 ​ $ 71,347 ​ ​
Schedule of calculated amount of right of use assets and lease liabilities	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2023 June 30, 2022 Consolidated Balance Sheet ​ ​ Operating leases ROU asset ​ $ 6,259 ​ $ 3,849 Operating leases liability ​ $ 6,259 ​ $ 3,849 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the three-month periods ended ​ For the nine-month periods ended ​ ​ ​ March 31, ​ March 31, ​ ​ (dollars in thousands) 2023 2022 ​ 2023 ​ 2022 ​ ​ Consolidated Statement of Income ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Operating lease costs classified as occupancy and equipment expense ​ $ 189 ​ $ 117 ​ $ 467 ​ $ 315 ​ ​ (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 ​ $ 148 ​ $ 92 ​ $ 354 ​ $ 261 ​ ​ ROU assets obtained in exchange for operating lease obligations: ​ $ — ​ $ — ​ $ — ​ $ — ​ ​ ​ ​
Schedule of Future Minimum Rental Payments for Operating Leases	​ ​ ​ ​ ​ (dollars in thousands) ​ 2023 ​ $ 236 2024 ​ 712 2025 ​ 656 2026 ​ 604 2027 ​ 587 Thereafter ​ 7,579 Future lease payments expected ​ $ 10,374 ​

Deposits (Tables)

Deposits (Tables)	9 Months Ended
	Mar. 31, 2023
Deposits [Abstract]
Schedule of deposits	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (dollars in thousands) March 31, 2023 June 30, 2022 Non-interest bearing accounts ​ $ 618,598 ​ $ 426,929 ​ NOW accounts ​ 1,430,019 ​ 1,171,620 ​ Money market deposit accounts ​ 448,622 ​ 303,612 ​ Savings accounts ​ 304,663 ​ 274,283 ​ Certificates ​ ​ 953,291 ​ ​ 638,631 ​ Total Deposit Accounts ​ $ 3,755,193 ​ $ 2,815,075 ​ ​

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Mar. 31, 2023
Earnings Per Share
Schedule of Earnings Per Share, Basic and Diluted	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ended Nine months ended ​ ​ ​ March 31, March 31, ​ (dollars in thousands except per share data) 2023 2022 2023 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net income ​ $ 2,409 ​ $ 9,351 ​ $ 23,676 ​ $ 34,082 ​ Less: distributed earnings allocated to participating securities ​ (10) ​ (8) ​ (31) ​ (22) ​ Less: undistributed earnings allocated to participating securities ​ (8) ​ (33) ​ (89) ​ (118) ​ Net income available to common shareholders ​ $ 2,391 ​ $ 9,310 ​ $ 23,556 ​ $ 33,942 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted-average common shares outstanding, including participating securities ​ 10,893,199 ​ 9,060,272 ​ 9,783,773 ​ 8,948,856 ​ Less: weighted-average participating securities outstanding (restricted shares) ​ (49,510) ​ (39,230) ​ (44,100) ​ (36,998) ​ Denominator for basic earnings per share - ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted-average shares outstanding ​ 10,843,689 ​ 9,021,042 ​ 9,739,673 ​ 8,911,858 ​ Effect of dilutive securities stock options or awards ​ 14,652 ​ 23,004 ​ 20,459 ​ 18,488 ​ Denominator for diluted earnings per share ​ ​ 10,858,341 ​ ​ 9,044,046 ​ ​ 9,760,132 ​ ​ 8,930,346 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Basic earnings per share available to common stockholders ​ $ 0.22 ​ $ 1.03 ​ $ 2.42 ​ $ 3.81 ​ Diluted earnings per share available to common stockholders ​ $ 0.22 ​ $ 1.03 ​ $ 2.41 ​ $ 3.80 ​ ​

Income Taxes (Tables)

Income Taxes (Tables)	9 Months Ended
	Mar. 31, 2023
Income Taxes
Schedule of Income Tax Provision	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the three-month periods ended For the nine-month periods ended (dollars in thousands) ​ March 31, 2023 ​ March 31, 2022 ​ March 31, 2023 ​ March 31, 2022 Income taxes ​ ​ ​ ​ ​ Current ​ $ 2,572 ​ $ 1,852 ​ $ 8,269 ​ $ 8,114 Deferred ​ (1,994) ​ 506 ​ (1,981) ​ 1,019 Total income tax provision ​ $ 578 ​ $ 2,358 ​ $ 6,288 ​ $ 9,133 ​
Schedule of components of net deferred tax assets	​ ​ ​ ​ ​ ​ ​ ​ (dollars in thousands) March 31, 2023 June 30, 2022 Deferred tax assets: ​ ​ Provision for losses on loans ​ $ 11,560 ​ $ 7,761 Accrued compensation and benefits ​ 881 ​ 828 NOL carry forwards acquired ​ 846 ​ 57 Tax credit carry forward ​ 1,035 ​ — Unrealized loss on other real estate ​ 868 ​ 72 Unrealized loss on available for sale securities ​ ​ 5,087 ​ ​ 4,921 Total deferred tax assets ​ 20,277 ​ 13,639 ​ ​ ​ ​ ​ ​ ​ Deferred tax liabilities: ​ ​ ​ ​ Purchase accounting adjustments ​ 728 ​ 224 Depreciation ​ 4,327 ​ 1,974 FHLB stock dividends ​ 120 ​ 120 Prepaid expenses ​ 545 ​ 415 Other ​ 1,777 ​ 181 Total deferred tax liabilities ​ 7,497 ​ 2,914 Net deferred tax asset ​ $ 12,780 ​ $ 10,725 ​
Schedule of reconciliation of income tax expense at the statutory rate	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the three-month periods ended For the nine-month periods ended ​ (dollars in thousands) ​ March 31, 2023 ​ March 31, 2022 ​ March 31, 2023 ​ March 31, 2022 ​ Tax at statutory rate ​ $ 627 ​ $ 2,459 ​ $ 6,292 ​ $ 9,075 ​ Increase (reduction) in taxes resulting from: ​ ​ ​ ​ ​ ​ ​ ​ ​ Nontaxable municipal income ​ (54) ​ (80) ​ (211) ​ (273) ​ State tax, net of Federal benefit ​ (179) ​ 32 ​ — ​ 501 ​ Cash surrender value of Bank-owned life insurance ​ (77) ​ (61) ​ (211) ​ (179) ​ Tax credit benefits ​ (3) ​ (13) ​ (7) ​ (34) ​ Other, net ​ 264 ​ 21 ​ 425 ​ 43 ​ Actual provision ​ $ 578 ​ $ 2,358 ​ $ 6,288 ​ $ 9,133 ​ ​

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Mar. 31, 2023
Fair Value Measurements
Fair Value, Assets Measured on Recurring Basis	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value Measurements at March 31, 2023 ​ ​ ​ ​ ​ 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) U.S. government sponsored enterprises (GSEs) ​ $ 8,741 ​ $ — ​ $ 8,741 ​ $ — Obligations of state and political subdivisions ​ ​ 43,406 ​ ​ ​ ​ ​ 43,406 ​ ​ ​ Corporate obligations ​ ​ 34,296 ​ ​ — ​ ​ 34,296 ​ ​ — Asset backed securities ​ ​ 60,347 ​ ​ ​ ​ ​ 60,347 ​ ​ ​ Other securities ​ 3,586 ​ — ​ 3,586 ​ — MBS and CMOs ​ 279,422 ​ — ​ 279,422 ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 nine months ended ​ (dollars in thousands) ​ March 31, 2023 ​ March 31, 2022 ​ Foreclosed and repossessed assets held for sale ​ $ (123) ​ $ (435) ​ Total losses on assets measured on a non-recurring basis ​ $ (123) ​ $ (435) ​ ​
Schedule of Financial Instruments	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2023 ​ ​ ​ ​ ​ 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 ​ $ 114,540 ​ $ 114,540 ​ $ — ​ $ — Interest-bearing time deposits ​ 1,251 ​ — ​ 1,251 ​ — Stock in FHLB ​ 7,855 ​ — ​ 7,855 ​ — Stock in Federal Reserve Bank of St. Louis ​ 8,491 ​ — ​ 8,491 ​ — Loans receivable, net ​ 3,434,519 ​ — ​ — ​ 3,272,957 Accrued interest receivable ​ 16,372 ​ — ​ 16,372 ​ — Financial liabilities ​ ​ ​ ​ ​ ​ ​ ​ Deposits ​ 3,755,193 ​ 2,801,811 ​ — ​ 941,690 Advances from FHLB ​ 45,002 ​ — ​ 44,088 ​ — Accrued interest payable ​ 3,721 ​ — ​ 3,721 ​ — Subordinated debt ​ 23,092 ​ — ​ — ​ 20,345 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)	9 Months Ended
	Mar. 31, 2023
Citizens Bancshares Company, purchased on January 20, 2023
Schedule of Purchase price	​ ​ ​ ​ ​ Citizens Bancshares Company ​ ​ ​ Fair Value of Consideration Transferred ​ ​ (dollars in thousands) ​ ​ Cash ​ $ 32,522 Common stock, at fair value ​ ​ 98,280 Total consideration ​ $ 130,802 ​ ​ ​ Recognized amounts of identifiable assets acquired and liabilities assumed ​ ​ ​ ​ ​ Cash and cash equivalents ​ $ 243,225 Investment securities ​ 226,451 Loans ​ 447,388 Premises and equipment ​ 23,430 BOLI ​ 21,733 Identifiable intangible assets ​ 24,645 Miscellaneous other assets ​ 7,596 ​ ​ ​ Deposits ​ (851,140) Securities sold under agreements to repurchase ​ (27,629) Miscellaneous other liabilities ​ ​ (8,266) Total identifiable net assets ​ ​ 107,433 Goodwill ​ $ 23,369 ​
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	Mar. 31, 2023 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	9 Months Ended
	Mar. 31, 2023	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	$ 55	$ 47.3
Deposits are held in various commercial banks
Cash and Cash Equivalents [Line Items]
Cash	$ 2.2	$ 5.8

Organization and Summary of S_5

Organization and Summary of Significant Accounting Policies - Loans (Details)	9 Months Ended
	Mar. 31, 2023 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)	9 Months Ended
	Mar. 31, 2023
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 ($)	9 Months Ended	12 Months Ended
	Mar. 31, 2023	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	$ 39,100,000	17,000,000
Intangibles assets, accumulated amortization	13,100,000	11,500,000
Remainder of fiscal 2023	1
2024	4,100,000
2025	3,500,000
2026	3
2027	2,700,000
Thereafter	14,200,000
Impairment of intangible assets		0
Other identifiable intangibles
Finite-Lived Intangible Assets [Line Items]
Intangible assets, gross	6,400,000	3,800,000
Intangibles assets, accumulated amortization	3,900,000	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	10 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	Mar. 31, 2023	Jun. 30, 2022
Debt Securities, Available-for-sale [Line Items]
Total AFS securities, Amortized Cost	$ 453,103	$ 257,760
Gross Unrealized Gains	2,101	109
Gross Unrealized Losses	(25,406)	(22,475)
Allowance for Credit Losses	0	0
Estimated Fair Value	429,798	235,394
U.S. government-sponsored enterprises (GSEs)
Debt Securities, Available-for-sale [Line Items]
Total AFS securities, Amortized Cost	8,476
Gross Unrealized Gains	265
Allowance for Credit Losses	0
Estimated Fair Value	8,741
Obligations of states and political subdivisions
Debt Securities, Available-for-sale [Line Items]
Total AFS securities, Amortized Cost	45,740	47,383
Gross Unrealized Gains	43	77
Gross Unrealized Losses	(2,377)	(2,981)
Allowance for Credit Losses	0	0
Estimated Fair Value	43,406	44,479
Corporate Obligations
Debt Securities, Available-for-sale [Line Items]
Total AFS securities, Amortized Cost	36,644	20,818
Gross Unrealized Gains	68	32
Gross Unrealized Losses	(2,416)	(963)
Allowance for Credit Losses	0	0
Estimated Fair Value	34,296	19,887
Asset backed securities
Debt Securities, Available-for-sale [Line Items]
Total AFS securities, Amortized Cost	59,592
Gross Unrealized Gains	850
Gross Unrealized Losses	(95)
Allowance for Credit Losses	0
Estimated Fair Value	60,347
Other securities
Debt Securities, Available-for-sale [Line Items]
Total AFS securities, Amortized Cost	3,600	486
Gross Unrealized Gains	46
Gross Unrealized Losses	(60)	(43)
Allowance for Credit Losses	0	0
Estimated Fair Value	3,586	443
Debt and Equity Securities
Debt Securities, Available-for-sale [Line Items]
Total AFS securities, Amortized Cost	154,052	68,687
Gross Unrealized Gains	1,272	109
Gross Unrealized Losses	(4,948)	(3,987)
Allowance for Credit Losses	0	0
Estimated Fair Value	150,376	64,809
Residential MBS issued by governmental sponsored enterprises (GSEs)
Debt Securities, Available-for-sale [Line Items]
Total AFS securities, Amortized Cost	100,054	76,345
Gross Unrealized Gains	738
Gross Unrealized Losses	(7,440)	(7,177)
Allowance for Credit Losses	0	0
Estimated Fair Value	93,352	69,168
Commercial MBS issued by GSEs
Debt Securities, Available-for-sale [Line Items]
Total AFS securities, Amortized Cost	60,485	51,435
Gross Unrealized Gains	83
Gross Unrealized Losses	(5,747)	(5,705)
Allowance for Credit Losses	0	0
Estimated Fair Value	54,821	45,730
CMOs issued by GSEs
Debt Securities, Available-for-sale [Line Items]
Total AFS securities, Amortized Cost	138,512	61,293
Gross Unrealized Gains	8
Gross Unrealized Losses	(7,271)	(5,606)
Allowance for Credit Losses	0	0
Estimated Fair Value	131,249	55,687
Total MBS and CMOs
Debt Securities, Available-for-sale [Line Items]
Total AFS securities, Amortized Cost	299,051	189,073
Gross Unrealized Gains	829
Gross Unrealized Losses	(20,458)	(18,488)
Allowance for Credit Losses	0	0
Estimated Fair Value	$ 279,422	$ 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	Mar. 31, 2023	Jun. 30, 2022
Amortized Cost
Within one year	$ 3,227
After one year but less than five years	29,339
After five years but less than ten years	64,436
After ten years	57,050
Total investment securities	154,052
Total AFS securities, Amortized Cost	453,103	$ 257,760
Estimated Fair Value
Within one year	3,216
After one year but less than five years	28,156
After five years but less than ten years	61,923
After ten years	57,081
Total investment securities	150,376
Available for sale securities	429,798	235,394
Debt and Equity Securities
Amortized Cost
Total AFS securities, Amortized Cost	154,052	68,687
Estimated Fair Value
Available for sale securities	150,376	64,809
Total MBS and CMOs
Amortized Cost
Total AFS securities, Amortized Cost	299,051	189,073
Estimated Fair Value
Available for sale securities	$ 279,422	$ 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) - Pledged as collateral - Public deposits - USD ($) $ in Millions	Mar. 31, 2023	Jun. 30, 2022
Financial Instruments Owned and Pledged as Collateral [Line Items]
Securities pledged as collateral	$ 243.6	$ 198.3
Asset backed securities
Financial Instruments Owned and Pledged as Collateral [Line Items]
Securities pledged as collateral	99.1	126.3
Collateralized Mortgage Obligations
Financial Instruments Owned and Pledged as Collateral [Line Items]
Securities pledged as collateral	111.5	27.3
US States and Political Subdivisions Debt Securities [Member]
Financial Instruments Owned and Pledged as Collateral [Line Items]
Securities pledged as collateral	24.4	42.3
Other Debt Obligations [Member]
Financial Instruments Owned and Pledged as Collateral [Line Items]
Securities pledged as collateral	$ 8.6	$ 2.4

Available for Sale Securities_4

Available for Sale Securities - Gross Unrealized Losses and Fair Value, Continuous Unrealized Loss Position (Details) $ in Thousands	Mar. 31, 2023 USD ($) security	Jun. 30, 2022 USD ($)
Debt Securities, Available-for-sale [Line Items]
Less than 12 Months, Fair Value	$ 146,200	$ 180,937
Less than 12 Months, Unrealized Losses	2,490	15,584
12 Months or more, Fair Value	175,445	38,345
12 Months or more, Unrealized Losses	22,916	6,891
Fair Value, Total	321,645	219,282
Unrealized Losses , Total	25,406	22,475
US States and Political Subdivisions Debt Securities [Member]
Debt Securities, Available-for-sale [Line Items]
Less than 12 Months, Fair Value	9,413	31,985
Less than 12 Months, Unrealized Losses	98	2,639
12 Months or more, Fair Value	26,218	1,600
12 Months or more, Unrealized Losses	2,279	342
Fair Value, Total	35,631	33,585
Unrealized Losses , Total	$ 2,377	2,981
Number of individual securities in an unrealized loss position for less than 12 months | security	22
Number of individual securities in an unrealized loss position for more than 12 months | security	51
Corporate Obligations
Debt Securities, Available-for-sale [Line Items]
Less than 12 Months, Fair Value	$ 18,451	10,944
Less than 12 Months, Unrealized Losses	750	420
12 Months or more, Fair Value	13,760	6,911
12 Months or more, Unrealized Losses	1,666	543
Fair Value, Total	32,211	17,855
Unrealized Losses , Total	$ 2,416	963
Number of individual securities in an unrealized loss position for less than 12 months | security	13
Number of individual securities in an unrealized loss position for more than 12 months | security	10
Asset backed securities
Debt Securities, Available-for-sale [Line Items]
Less than 12 Months, Fair Value	$ 7,013
Less than 12 Months, Unrealized Losses	95
Fair Value, Total	7,013
Unrealized Losses , Total	95
Other Debt Obligations [Member]
Debt Securities, Available-for-sale [Line Items]
Less than 12 Months, Fair Value	1,962	418
Less than 12 Months, Unrealized Losses	19	43
12 Months or more, Fair Value	354
12 Months or more, Unrealized Losses	41
Fair Value, Total	2,316	418
Unrealized Losses , Total	$ 60	43
Number of individual securities in an unrealized loss position for less than 12 months | security	10
Number of individual securities in an unrealized loss position for more than 12 months | security	2
Total MBS and CMOs
Debt Securities, Available-for-sale [Line Items]
Less than 12 Months, Fair Value	$ 109,361	137,590
Less than 12 Months, Unrealized Losses	1,528	12,482
12 Months or more, Fair Value	135,113	29,834
12 Months or more, Unrealized Losses	18,930	6,006
Fair Value, Total	244,474	167,424
Unrealized Losses , Total	$ 20,458	$ 18,488
Number of individual securities in an unrealized loss position for less than 12 months | security	33
Number of individual securities in an unrealized loss position for more than 12 months | security	113

Available for Sale Securities_5

Available for Sale Securities - Other Securities Policy: Pooled Trust Preferred Securities (Details)	3 Months Ended		9 Months Ended
	Mar. 31, 2023 USD ($) security	Mar. 31, 2022 USD ($)	Mar. 31, 2023 USD ($) security	Mar. 31, 2022 USD ($)
Available for Sale Securities
Number of Pooled Trust Preferred Securities | security	2		2
Fair Value of Pooled Trust Preferred Securities Held	$ 770,000		$ 770,000
Unrealized Losses on Pooled Trust Preferred Securities in a Continuous Unrealized Loss Position for 12 Months or More	209,000		209,000
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	9 Months Ended	12 Months Ended
	Mar. 31, 2023 USD ($)	Jun. 30, 2022 USD ($)	Dec. 31, 2022 USD ($)	Mar. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	Jun. 30, 2021 USD ($)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Real Estate Loans	$ 3,785,713	$ 2,843,499
Loans in Process	(305,193)	(123,656)
Deferred loan fees, net	(316)	(453)
Allowance for credit losses	(45,685)	(33,192)	$ (37,483)	$ (33,641)	$ (32,529)	$ (33,222)
Total loans	$ 3,434,519	$ 2,686,198
Number of purchased participation loans	77	31
Purchased participation loans	$ 104,700	$ 70,000
Residential Real Estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Real Estate Loans	1,120,970	904,160
Allowance for credit losses	(13,465)	(8,908)	(12,499)	(11,186)	(10,757)	(11,192)
Construction Real Estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Real Estate Loans	517,967	258,072
Allowance for credit losses	(3,638)	(2,220)	(2,754)	(1,987)	(2,126)	(2,170)
Commercial Real Estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Real Estate Loans	1,460,314	1,146,673
Allowance for credit losses	(18,545)	(16,838)	(16,806)	(15,550)	(14,727)	(14,535)
Consumer loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Real Estate Loans	125,483	92,996
Allowance for credit losses	(986)	(710)	(761)	(823)	(830)	(916)
Commercial loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Real Estate Loans	560,979	441,598
Allowance for credit losses	$ (9,051)	$ (4,516)	$ (4,663)	$ (4,095)	$ (4,089)	$ (4,409)

Loans and Allowance for Credi_4

Loans and Allowance for Credit Losses - Classes of loans information (Details) $ in Thousands		3 Months Ended		9 Months Ended
	Jan. 20, 2023 USD ($)	Mar. 31, 2023 USD ($)	Mar. 31, 2022 USD ($)	Mar. 31, 2023 USD ($)	Mar. 31, 2022 USD ($)	Dec. 31, 2022 USD ($)	Jun. 30, 2022 USD ($)	Dec. 31, 2021 USD ($)	Jun. 30, 2021 USD ($)
Allowance for credit losses		$ 10,100	$ 1,600	$ 16,300	$ 1,200
Off-balance sheet credit exposures		7,824	2,679	7,824	$ 2,679	$ 4,937	$ 3,358	$ 2,179	$ 1,805
Impact of acquisition on provision on credit losses (PCL)		3,100		9,300
Impact of acquisition on allowance for credit losses (ACL)		2,000		6,600
Impact of acquisition on off-balance sheet credit exposure		1,100		$ 2,700
Net charge offs on average loans outstanding (as percentage)				0.02%	0.01%
Citizens Bancshares Company, purchased on January 20, 2023
Allowance for credit losses	$ 5,200
Allowance for credit losses for purchased credit deteriorated (PCD)	1,100
Off-balance sheet credit exposures	$ 1,800
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
Off-balance sheet credit exposures		105	83	$ 105	$ 83	70	58	34	37
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
Off-balance sheet credit exposures		341	335	$ 341	335	480	421	170	188
Construction Real Estate
Average term of construction loans				12 months
Off-balance sheet credit exposures		5,578	1,723	$ 5,578	1,723	3,629	2,178	1,673	502
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
Off-balance sheet credit exposures		102	74	$ 102	74	56	61	58	218
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
Off-balance sheet credit exposures		$ 1,698	$ 464	$ 1,698	$ 464	$ 702	$ 640	$ 244	$ 860
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		79		79			57
Construction loans outstanding, for which a modification had been agreed to		$ 68,500		$ 68,500			$ 13,800

Loans and Allowance for Credi_5

Loans and Allowance for Credit Losses - PCD Loans Acquired from Fortune (Details) - USD ($) $ in Thousands	Jan. 20, 2023	Feb. 25, 2022
Accounts, Notes, Loans and Financing Receivable [Line Items]
Purchase price of PCD loans at acquisition		$ 27,481
Allowance for credit losses at acquisition		(1,121)
Fair value of PCD loans at acquisition		26,360
Citizens Bancshares Company, purchased on January 20, 2023
Accounts, Notes, Loans and Financing Receivable [Line Items]
Purchase price of PCD loans at acquisition	$ 27,500
Fortune Financial Corporation
Accounts, Notes, Loans and Financing Receivable [Line Items]
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

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		9 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2023	Mar. 31, 2022
Allowance for credit losses:
Balance, beginning of period	$ 37,483	$ 32,529	$ 33,192	$ 33,222
Initial ACL on PCD loans	1,121	120	1,121	120
Provision (benefit) charged to expense	7,185	1,052	11,800	373
Losses charged off	(113)	(68)	(453)	(136)
Recoveries	9	8	25	62
Balance, end of period	45,685	33,641	45,685	33,641
Residential Real Estate
Allowance for credit losses:
Balance, beginning of period	12,499	10,757	8,908	11,192
Initial ACL on PCD loans	96	23	96	23
Provision (benefit) charged to expense	870	434	4,462	30
Losses charged off		(30)	(2)	(62)
Recoveries		2	1	3
Balance, end of period	13,465	11,186	13,465	11,186
Construction Real Estate
Allowance for credit losses:
Balance, beginning of period	2,754	2,126	2,220	2,170
Initial ACL on PCD loans	12	4	12	4
Provision (benefit) charged to expense	872	(143)	1,406	(187)
Balance, end of period	3,638	1,987	3,638	1,987
Commercial Real Estate
Allowance for credit losses:
Balance, beginning of period	16,806	14,727	16,838	14,535
Initial ACL on PCD loans	628	52	628	52
Provision (benefit) charged to expense	1,111	771	1,324	963
Losses charged off			(245)
Balance, end of period	18,545	15,550	18,545	15,550
Consumer loans
Allowance for credit losses:
Balance, beginning of period	761	830	710	916
Initial ACL on PCD loans	164		164
Provision (benefit) charged to expense	165	19	283	(93)
Losses charged off	(113)	(32)	(189)	(57)
Recoveries	9	6	18	57
Balance, end of period	986	823	986	823
Commercial loans
Allowance for credit losses:
Balance, beginning of period	4,663	4,089	4,516	4,409
Initial ACL on PCD loans	221	41	221	41
Provision (benefit) charged to expense	4,167	(29)	4,325	(340)
Losses charged off		(6)	(17)	(17)
Recoveries			6	2
Balance, end of period	$ 9,051	$ 4,095	$ 9,051	$ 4,095

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		9 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2023	Mar. 31, 2022
Allowance for off-balance sheet credit exposure:
Balance, beginning of period	$ 4,937	$ 2,179	$ 3,358	$ 1,805
Provision (benefit) charged to expense	2,887	500	4,466	874
Balance, end of period	7,824	2,679	7,824	2,679
Residential Real Estate
Allowance for off-balance sheet credit exposure:
Balance, beginning of period	70	34	58	37
Provision (benefit) charged to expense	35	49	47	46
Balance, end of period	105	83	105	83
Construction Real Estate
Allowance for off-balance sheet credit exposure:
Balance, beginning of period	3,629	1,673	2,178	502
Provision (benefit) charged to expense	1,949	50	3,400	1,221
Balance, end of period	5,578	1,723	5,578	1,723
Commercial Real Estate
Allowance for off-balance sheet credit exposure:
Balance, beginning of period	480	170	421	188
Provision (benefit) charged to expense	(139)	165	(80)	147
Balance, end of period	341	335	341	335
Consumer loans
Allowance for off-balance sheet credit exposure:
Balance, beginning of period	56	58	61	218
Provision (benefit) charged to expense	46	16	41	(144)
Balance, end of period	102	74	102	74
Commercial loans
Allowance for off-balance sheet credit exposure:
Balance, beginning of period	702	244	640	860
Provision (benefit) charged to expense	996	220	1,058	(396)
Balance, end of period	$ 1,698	$ 464	$ 1,698	$ 464

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	9 Months Ended
	Mar. 31, 2023	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	819,402	$ 1,146,932
2022 / 2021	1,027,343	721,665
2021 / 2020	650,964	251,984
2020 / 2019	241,155	103,484
2019 / 2018	123,988	78,834
Prior	249,927	148,060
Revolving loans	367,741	268,884
Total	3,480,520	2,719,843
Pass
Financing Receivable, Credit Quality Indicator [Line Items]
2023 / 2022	802,331	1,107,991
2022 / 2021	982,312	718,973
2021 / 2020	646,930	248,814
2020 / 2019	228,145	102,783
2019 / 2018	123,111	78,116
Prior	246,089	144,948
Revolving loans	360,893	266,719
Total	3,389,811	2,668,344
Watch
Financing Receivable, Credit Quality Indicator [Line Items]
2023 / 2022	8,430	6,147
2022 / 2021	13,514	1,276
2021 / 2020	930	2,939
2020 / 2019	12,459	62
2019 / 2018	207	668
Prior	146	2,216
Revolving loans	5,163	1,754
Total	40,849	15,062
Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
2023 / 2022	2,940	9,297
Total	2,940	9,297
Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
2023 / 2022	5,701	22,670
2022 / 2021	31,517	1,416
2021 / 2020	3,104	231
2020 / 2019	551	639
2019 / 2018	670	50
Prior	3,692	896
Revolving loans	1,685	411
Total	46,920	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	284,172	380,812
2022 / 2021	330,891	296,420
2021 / 2020	261,261	119,634
2020 / 2019	108,729	19,879
2019 / 2018	26,668	22,161
Prior	101,682	59,180
Revolving loans	7,567	6,074
Total	1,120,970	904,160
Residential Real Estate | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
2023 / 2022	283,090	380,502
2022 / 2021	329,020	295,260
2021 / 2020	260,233	118,464
2020 / 2019	106,337	19,383
2019 / 2018	26,467	22,143
Prior	100,592	58,545
Revolving loans	7,511	6,074
Total	1,113,250	900,371
Residential Real Estate | Watch
Financing Receivable, Credit Quality Indicator [Line Items]
2023 / 2022	283	44
2022 / 2021	1,147	242
2021 / 2020	580	1,083
2020 / 2019	2,307	56
2019 / 2018	201
Prior	27	30
Revolving loans	56
Total	4,601	1,455
Residential Real Estate | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
2023 / 2022	799	266
2022 / 2021	724	918
2021 / 2020	448	87
2020 / 2019	85	440
2019 / 2018		18
Prior	1,063	605
Total	3,119	2,334
Construction Real Estate
Financing Receivable, Credit Quality Indicator [Line Items]
2023 / 2022	114,348	100,114
2022 / 2021	68,437	34,082
2021 / 2020	11,896
2020 / 2019	12,383
2019 / 2018	94
Revolving loans	5,616	220
Total	212,774	134,416
Construction Real Estate | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
2023 / 2022	112,913	100,114
2022 / 2021	68,069	34,082
2021 / 2020	11,896
2020 / 2019	9,193
2019 / 2018	94
Revolving loans	5,616	220
Total	207,781	134,416
Construction Real Estate | Watch
Financing Receivable, Credit Quality Indicator [Line Items]
2023 / 2022	155
2020 / 2019	3,190
Total	3,345
Construction Real Estate | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
2023 / 2022	1,280
2022 / 2021	368
Total	1,648
Commercial Real Estate
Financing Receivable, Credit Quality Indicator [Line Items]
2023 / 2022	285,985	524,459
2022 / 2021	519,642	285,986
2021 / 2020	293,566	107,851
2020 / 2019	105,278	71,393
2019 / 2018	86,872	52,494
Prior	134,592	80,208
Revolving loans	34,379	24,282
Total	1,460,314	1,146,673
Commercial Real Estate | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
2023 / 2022	272,653	487,486
2022 / 2021	480,124	284,736
2021 / 2020	290,963	105,893
2020 / 2019	98,101	71,380
2019 / 2018	86,394	51,804
Prior	132,560	78,115
Revolving loans	33,128	23,669
Total	1,393,923	1,103,083
Commercial Real Estate | Watch
Financing Receivable, Credit Quality Indicator [Line Items]
2023 / 2022	7,251	4,763
2022 / 2021	9,895	769
2021 / 2020	165	1,818
2020 / 2019	6,874
2019 / 2018		668
Prior	119	2,000
Revolving loans		548
Total	24,304	10,566
Commercial Real Estate | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
2023 / 2022	2,940	9,297
Total	2,940	9,297
Commercial Real Estate | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
2023 / 2022	3,141	22,086
2022 / 2021	29,623	481
2021 / 2020	2,438	140
2020 / 2019	303	13
2019 / 2018	478	22
Prior	1,913	93
Revolving loans	1,251	65
Total	39,147	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	27,260	28,563
2022 / 2021	18,098	11,066
2021 / 2020	6,726	3,666
2020 / 2019	2,066	1,524
2019 / 2018	854	926
Prior	1,605	707
Revolving loans	68,874	46,544
Total	125,483	92,996
Consumer loans | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
2023 / 2022	27,171	28,519
2022 / 2021	17,498	10,989
2021 / 2020	6,581	3,662
2020 / 2019	2,048	1,524
2019 / 2018	854	916
Prior	1,510	676
Revolving loans	68,727	46,521
Total	124,389	92,807
Consumer loans | Watch
Financing Receivable, Credit Quality Indicator [Line Items]
2023 / 2022	74	21
2022 / 2021	596	71
2021 / 2020	64
2020 / 2019	10
Total	744	92
Consumer loans | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
2023 / 2022	15	23
2022 / 2021	4	6
2021 / 2020	81	4
2020 / 2019	8
2019 / 2018		10
Prior	95	31
Revolving loans	147	23
Total	350	97
Commercial loans
Financing Receivable, Credit Quality Indicator [Line Items]
2023 / 2022	107,637	112,984
2022 / 2021	90,275	94,111
2021 / 2020	77,515	20,833
2020 / 2019	12,699	10,688
2019 / 2018	9,500	3,253
Prior	12,048	7,965
Revolving loans	251,305	191,764
Total	560,979	441,598
Commercial loans | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
2023 / 2022	106,504	111,370
2022 / 2021	87,601	93,906
2021 / 2020	77,257	20,795
2020 / 2019	12,466	10,496
2019 / 2018	9,302	3,253
Prior	11,427	7,612
Revolving loans	245,911	190,235
Total	550,468	437,667
Commercial loans | Watch
Financing Receivable, Credit Quality Indicator [Line Items]
2023 / 2022	667	1,319
2022 / 2021	1,876	194
2021 / 2020	121	38
2020 / 2019	78	6
2019 / 2018	6
Prior		186
Revolving loans	5,107	1,206
Total	7,855	2,949
Commercial loans | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
2023 / 2022	466	295
2022 / 2021	798	11
2021 / 2020	137
2020 / 2019	155	186
2019 / 2018	192
Prior	621	167
Revolving loans	287	323
Total	$ 2,656	$ 982

Loans and Allowance for Credi_9

Loans and Allowance for Credit Losses - Credit risk profile based on rating and payment activity (Details) - USD ($)		9 Months Ended	12 Months Ended
	Feb. 25, 2022	Mar. 31, 2023	Jun. 30, 2022
Financing Receivable, Credit Quality Indicator [Line Items]
PCD loans receivable, net of ACL	$ 26,360,000
Pass
Financing Receivable, Credit Quality Indicator [Line Items]
PCD loans receivable, net of ACL		$ 27,300,000	$ 23,100,000
Watch
Financing Receivable, Credit Quality Indicator [Line Items]
PCD loans receivable, net of ACL		25,100,000	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		6,700,000	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)	Mar. 31, 2023 USD ($) loan	Jun. 30, 2022 USD ($)
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	$ 3,480,520,000	$ 2,719,843,000
Number of PCD loans greater than 90 days past due | loan	1
PCD loan greater than 90 days past due	$ 139,000	0
Current Loans, not past due
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	3,473,138,000	2,715,257,000
Total Past Due
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	7,382,000	4,586,000
30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	3,253,000	2,432,000
60 to 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	1,008,000	732,000
Greater than 90 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	3,121,000	1,422,000
Residential Real Estate
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	1,120,970,000	904,160,000
Residential Real Estate | Current Loans, not past due
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	1,118,021,000	901,694,000
Residential Real Estate | Total Past Due
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	2,949,000	2,466,000
Residential Real Estate | 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	2,110,000	1,402,000
Residential Real Estate | 60 to 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	203,000
Residential Real Estate | Greater than 90 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	636,000	1,064,000
Construction Real Estate
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	212,774,000	134,416,000
Construction Real Estate | Current Loans, not past due
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	212,265,000	134,416,000
Construction Real Estate | Total Past Due
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	509,000
Construction Real Estate | 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	141,000
Construction Real Estate | 60 to 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	368,000
Commercial Real Estate
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	1,460,314,000	1,146,673,000
Commercial Real Estate | Current Loans, not past due
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	1,458,261,000	1,145,354,000
Commercial Real Estate | Total Past Due
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	2,053,000	1,319,000
Commercial Real Estate | 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	281,000	416,000
Commercial Real Estate | 60 to 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	97,000	615,000
Commercial Real Estate | Greater than 90 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	1,675,000	288,000
Consumer loans
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	125,483,000	92,996,000
Consumer loans | Current Loans, not past due
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	124,527,000	92,554,000
Consumer loans | Total Past Due
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	956,000	442,000
Consumer loans | 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	536,000	340,000
Consumer loans | 60 to 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	244,000	45,000
Consumer loans | Greater than 90 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	176,000	57,000
Commercial loans
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	560,979,000	441,598,000
Commercial loans | Current Loans, not past due
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	560,064,000	441,239,000
Commercial loans | Total Past Due
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	915,000	359,000
Commercial loans | 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	185,000	274,000
Commercial loans | 60 to 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	96,000	72,000
Commercial loans | Greater than 90 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	$ 634,000	$ 13,000

Loans and Allowance for Cred_11

Loans and Allowance for Credit Losses - Collateral dependent loans and related ACL (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Jun. 30, 2021
Related allowance for credit losses	$ 45,685	$ 37,483	$ 33,192	$ 33,641	$ 32,529	$ 33,222
Collateral-dependent Loans | 1- to 4-family residential loans
Amortized cost	841		864
Related allowance for credit losses	170		193
Residential Real Estate
Related allowance for credit losses	13,465	$ 12,499	8,908	$ 11,186	$ 10,757	$ 11,192
Residential Real Estate | Collateral-dependent Loans
Amortized cost	841		864
Related allowance for credit losses	$ 170		$ 193

Loans and Allowance for Cred_12

Loans and Allowance for Credit Losses - Nonaccrual Loans (Details) - USD ($)	Mar. 31, 2023	Jun. 30, 2022
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual loans	$ 7,397,000	$ 4,118,000
Nonaccrual loans individually evaluated for which no ACL was recorded	0
Residential Real Estate
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual loans	1,175,000	1,647,000
Construction Real Estate
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual loans	368,000
Commercial Real Estate
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual loans	4,741,000	2,259,000
Consumer loans
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual loans	183,000	73,000
Commercial loans
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual loans	$ 930,000	$ 139,000

Loans and Allowance for Cred_13

Loans and Allowance for Credit Losses - TDRs Segregated by Class (Details) $ in Thousands	3 Months Ended	9 Months Ended
	Mar. 31, 2022 USD ($) loan	Mar. 31, 2022 USD ($) loan
Number of modifications | loan	1	2
Recorded Investment | $	$ 185	$ 335
Residential Real Estate
Number of modifications | loan		1
Recorded Investment | $		$ 150
Commercial loans
Number of modifications | loan	1	1
Recorded Investment | $	$ 185	$ 185

Loans and Allowance for Cred_14

Loans and Allowance for Credit Losses - Performing TDRs Segregated by Class (Details) - Performing Loans $ in Thousands	Mar. 31, 2023 USD ($) loan	Jun. 30, 2022 USD ($) loan
Number of modifications | loan	22	27
Recorded Investment, TDRs | $	$ 30,359	$ 30,606
Residential Real Estate
Number of modifications | loan	10	11
Recorded Investment, TDRs | $	$ 3,383	$ 3,625
Commercial Real Estate
Number of modifications | loan	6	8
Recorded Investment, TDRs | $	$ 24,241	$ 25,132
Commercial loans
Number of modifications | loan	6	8
Recorded Investment, TDRs | $	$ 2,735	$ 1,849

Loans and Allowance for Cred_15

Loans and Allowance for Credit Losses - Real Estate Foreclosures (Details) - USD ($)	Mar. 31, 2023	Jun. 30, 2022
Financing Receivable, Troubled Debt Restructuring [Line Items]
Repossessed assets	$ 589,000	$ 580,000
Residential Real Estate. | Home Equity Loan
Financing Receivable, Troubled Debt Restructuring [Line Items]
Foreclosure proceedings in process	$ 1,100,000	$ 486,000

Premises and Equipment - Summar

Premises and Equipment - Summary of premises and equipment (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Jun. 30, 2022
Premises and Equipment
Land	$ 15,403	$ 13,532
Buildings and improvements	78,831	64,730
Construction in progress	1,266	142
Furniture, fixtures, equipment and software	24,953	20,838
Automobiles	122	120
Operating leases ROU asset	6,259	3,849
Property, Plant and Equipment, Gross	126,834	103,211
Less accumulated depreciation	34,491	31,864
Premises and equipment, net	$ 92,343	$ 71,347

Premises and Equipment - Additi

Premises and Equipment - Additional Information (Details)	3 Months Ended		9 Months Ended
	Mar. 31, 2023 USD ($) property	Mar. 31, 2022 USD ($)	Mar. 31, 2023 USD ($) property	Mar. 31, 2022 USD ($)
Number of leased properties | property	11		11
Operating Lease, Weighted Average Discount Rate, Percent	5%		5%
Income recognized from lessor agreements | $	$ 39,000	$ 64,000	$ 171,000	$ 208,000
Minimum
Lessee Expected Lease Terms			P18M
Maximum
Lessee Expected Lease Terms			P20Y

Premises and Equipment - Calcul

Premises and Equipment - Calculated amount of right of use assets and lease liabilities (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2023	Mar. 31, 2022	Jun. 30, 2022
Right of use assets obtained in exchange for lease obligations: Operating Leases			$ 82	$ 109
Consolidated Balance Sheet
Operating leases ROU asset	$ 6,259		6,259		$ 3,849
Operating leases liability	6,259		6,259		$ 3,849
Consolidated Statement Of Income
Operating lease costs classified as occupancy and equipment expense (includes short-term lease costs)	189	$ 117	467	315
Supplemental Disclosures Of Cash Flow Information | Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$ 148	$ 92	$ 354	$ 261

Premises and Equipment - Future

Premises and Equipment - Future expected lease payments for leases (Details) $ in Thousands	Mar. 31, 2023 USD ($)
Premises and Equipment
2023	$ 236
2024	712
2025	656
2026	604
2027	587
Thereafter	7,579
Future lease payments expected	$ 10,374

Deposits (Details)

Deposits (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Jun. 30, 2022
Deposits [Abstract]
Non-interest bearing accounts	$ 618,598	$ 426,929
NOW accounts	1,430,019	1,171,620
Money market deposit accounts	448,622	303,612
Savings accounts	304,663	274,283
Certificates	953,291	638,631
Total Deposit Accounts	3,755,193	2,815,075
Brokered certificates	$ 97,900	$ 10,800

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		9 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2023	Mar. 31, 2022
Earnings Per Share
Net Income	$ 2,409	$ 9,351	$ 23,676	$ 34,082
Less: distributed earnings allocated to participating securities	(10)	(8)	(31)	(22)
Less: undistributed earnings allocated to participating securities	(8)	(33)	(89)	(118)
Net income available to common shareholders	$ 2,391	$ 9,310	$ 23,556	$ 33,942
Weighted-average common shares outstanding, including participating securities	10,893,199	9,060,272	9,783,773	8,948,856
Less: weighted-average participating securities outstanding (restricted shares)	(49,510)	(39,230)	(44,100)	(36,998)
Weighted-average shares outstanding	10,843,689	9,021,042	9,739,673	8,911,858
Effect of dilutive securities stock options or awards	14,652	23,004	20,459	18,488
Denominator for diluted earnings per share	10,858,341	9,044,046	9,760,132	8,930,346
Basic earnings per share available to common stockholders	$ 0.22	$ 1.03	$ 2.42	$ 3.81
Diluted earnings per share available to common stockholders	$ 0.22	$ 1.03	$ 2.41	$ 3.80

Earnings Per Share - Additional

Earnings Per Share - Additional information (Details) - shares	3 Months Ended		9 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2023	Mar. 31, 2022
Earnings Per Share
Antidilutive securities excluded from the computation of diluted earnings per share	84,740	14,500	66,440	22,750

Income Taxes - Income tax provi

Income Taxes - Income tax provision (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2023	Mar. 31, 2022
Income Taxes
Current	$ 2,572	$ 1,852	$ 8,269	$ 8,114
Deferred	(1,994)	506	(1,981)	1,019
Total income tax provision	$ 578	$ 2,358	$ 6,288	$ 9,133

Income Taxes - Schedule of net

Income Taxes - Schedule of net deferred tax assets (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Jun. 30, 2022
Deferred tax assets:
Provision for losses on loans	$ 11,560	$ 7,761
Accrued compensation and benefits	881	828
NOL carry forwards acquired	846	57
Low income tax credit	1,035
Unrealized loss on other real estate	868	72
Unrealized loss on available for sale securities	5,087	4,921
Total deferred tax assets	20,277	13,639
Deferred tax liabilities:
Purchase accounting adjustments	728	224
Depreciation	4,327	1,974
FHLB stock dividends	120	120
Prepaid expenses	545	415
Other	1,777	181
Total deferred tax liabilities	7,497	2,914
Net deferred tax asset	$ 12,780	$ 10,725

Income Taxes - Reconciliation o

Income Taxes - Reconciliation of income tax expense at statutory rate (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2023	Mar. 31, 2022
Effective Income Tax Rate Reconciliation, Amount [Abstract]
Tax at statutory rate	$ 627	$ 2,459	$ 6,292	$ 9,075
Nontaxable municipal income	(54)	(80)	(211)	(273)
State tax, net of Federal benefit	(179)	32		501
Cash surrender value of Bank-owned life insurance	(77)	(61)	(211)	(179)
Tax credit benefits	(3)	(13)	(7)	(34)
Other, net	264	21	425	43
Income Taxes	$ 578	$ 2,358	$ 6,288	$ 9,133

Income Taxes - Additional Infor

Income Taxes - Additional Information (Details) - USD ($)	3 Months Ended		9 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2023	Mar. 31, 2022
Income Taxes
Interest or penalties on income taxes			$ 0
Federal Net Operating Loss Carryforwards			3,800,000
State Net Operating Loss Carryforwards			$ 0
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	21%	21%	21%	21%

401(k) Retirement Plan (Details

401(k) Retirement Plan (Details) - USD ($)	3 Months Ended		9 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2023	Mar. 31, 2022
Defined Contribution Plan Disclosure [Line Items]
Retirement plan expenses	$ 619,000	$ 456,000	$ 1,700,000	$ 1,400,000
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			9 Months Ended	12 Months Ended
	May 31, 2021	Aug. 31, 2014	Oct. 31, 2013	Mar. 31, 2023	Jun. 30, 2022	Feb. 28, 2022
Subordinated debt				$ 23,092,000	$ 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)				7.66%
Ozarks Legacy Community Financial, Inc.
Interest rate (as a percent)				7.32%
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)				6.67%
Floating rate		$ 6,500,000
Peoples Service Company, Inc. | Reported Value Measurement
Floating rate				$ 5,500,000	5,500,000
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) - USD ($) $ in Thousands	Mar. 31, 2023	Jun. 30, 2022
U.S. government-sponsored enterprises (GSEs) | Recurring Measurements
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities	$ 8,741
U.S. government-sponsored enterprises (GSEs) | Fair Value, Inputs, Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities	0
U.S. government-sponsored enterprises (GSEs) | Fair Value, Inputs, Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities	8,741
U.S. government-sponsored enterprises (GSEs) | Fair Value, Inputs, Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities	0
US States and Political Subdivisions Debt Securities [Member] | Recurring Measurements
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities	43,406	$ 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
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	43,406	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
Corporate Segment [Member] | Recurring Measurements
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities	34,296	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	34,296	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
Asset backed securities | Recurring Measurements
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities	60,347
Asset backed securities | Fair Value, Inputs, Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities	60,347
Other Debt Obligations [Member] | Recurring Measurements
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities	3,586	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	3,586	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 | Recurring Measurements
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities	279,422	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	279,422	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	9 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total gains ( losses) on assets measured on a non-recurring basis	$ (123)	$ (435)
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	$ (123)	$ (435)

Fair Value Measurements - Sched

Fair Value Measurements - Schedule of financial instruments (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Mar. 31, 2023	Jun. 30, 2022
Financial assets
Cash and cash equivalents	$ 114,540	$ 86,792
Interest-bearing time deposits	1,251	4,768
Stock in FHLB	7,855	5,893
Stock in Federal Reserve Bank of St. Louis	8,491	5,790
Loans receivable, net	3,434,519	2,686,198
Accrued interest receivable	16,372	11,052
Financial liabilities
Deposits	3,755,193	2,815,075
Advances from FHLB	45,002	37,957
Accrued interest payable	3,721	801
Subordinated debt	23,092	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	114,540	86,792
Financial liabilities
Deposits	2,801,811	2,176,444
Fair Value, Inputs, Level 2
Financial assets
Interest-bearing time deposits	1,251	4,768
Stock in FHLB	7,855	5,893
Stock in Federal Reserve Bank of St. Louis	8,491	5,790
Accrued interest receivable	16,372	11,052
Financial liabilities
Advances from FHLB	44,088	35,916
Accrued interest payable	3,721	801
Fair Value, Inputs, Level 3
Financial assets
Loans receivable, net	3,272,957	2,655,882
Financial liabilities
Deposits	941,690	637,163
Subordinated debt	$ 20,345	$ 22,070

Business Combinations - Additio

Business Combinations - Additional Information (Details)				3 Months Ended		9 Months Ended
	Jan. 20, 2023 USD ($) loan	Feb. 25, 2022 USD ($) loan	Dec. 15, 2021 USD ($)	Mar. 31, 2023 USD ($)	Mar. 31, 2022 USD ($)	Mar. 31, 2023 USD ($)	Mar. 31, 2022 USD ($)	Jun. 30, 2022 USD ($)
Deposits				$ 3,755,193,000		$ 3,755,193,000		$ 2,815,075,000
Goodwill				50,657,000		50,657,000		$ 27,288,000
Loan portfolio		$ 204,100,000
Fair value discount		2,100,000
PCD loans		27,481,000
Citizens Bancshares Company, purchased on January 20, 2023
Transaction value	$ 130,802,000
Identifiable intangible assets	24,645,000
Goodwill	23,369,000
Goodwill tax deductible	0
Loan portfolio	461,500,000
Fair value discount	14,100,000
Gross	$ 520,000,000
Number of PCD loans identified | loan	48
PCD loans	$ 27,500,000
Citizens Bancshares Company, purchased on January 20, 2023 | Noninterest expense
Third-party acquisition-related costs incurred				3,300,000		4,100,000
Citizens Bancshares Company, purchased on January 20, 2023 | Core Deposits
Identifiable intangible assets	$ 22,100,000
Acquired intangible assets useful life (in years)	10 years
Citizens Bancshares Company, purchased on January 20, 2023 | Trust intangible assets
Identifiable intangible assets	$ 2,500,000
Acquired intangible assets useful life (in years)	10 years
Fortune Financial Corporation
Transaction value		35,548,000
Identifiable intangible assets		1,602,000
Goodwill		12,756,000
Business Combination, Separately Recognized Transactions, Additional Disclosures, Acquisition Cost Expensed, Financial Statement Caption					noninterest expense		noninterest expense
Fair value		187,000,000
Gross		$ 211,000,000
Number of PCD loans identified | loan		31
PCD loans		$ 15,055,000
Fortune Financial Corporation | Noninterest expense
Third-party acquisition-related costs incurred				0	$ 1,100,000	45,000	$ 1,300,000
Fortune Financial Corporation | Core Deposits
Identifiable intangible assets		$ 1,600,000
Acquired intangible assets useful life (in years)		7 years
First National Bank, Cairo
Identifiable intangible assets			$ 168,000
Goodwill			442,000
Goodwill tax deductible			0
Third-party acquisition-related costs incurred				$ 0	$ 26,000	$ 0	$ 50,000
First National Bank, Cairo | Core Deposits
Identifiable intangible assets			$ 168,000
Acquired intangible assets useful life (in years)			7 years

Business Combinations - Purchas

Business Combinations - Purchase price for the citizens bancshares acquisition (Details) - USD ($) $ in Thousands	Jan. 20, 2023	Mar. 31, 2023	Jun. 30, 2022
Recognized amounts of identifiable assets acquired and liabilities assumed
Goodwill		$ 50,657	$ 27,288
Citizens Bancshares Company, purchased on January 20, 2023
Fair Value of Consideration Transferred
Cash	$ 32,522
Common stock, at fair value	98,280
Total consideration	130,802
Recognized amounts of identifiable assets acquired and liabilities assumed
Cash and cash equivalents	243,225
Investment securities	226,451
Loans	447,388
Premises and equipment	23,430
BOLI	21,733
Identifiable intangible assets	24,645
Miscellaneous other assets	7,596
Deposits	(851,140)
Securities sold under agreements to repurchase	(27,629)
Miscellaneous other liabilities	(8,266)
Total identifiable net liabilities	107,433
Goodwill	$ 23,369

Business Combinations - Purch_2

Business Combinations - Purchase price for the fortune financial acquisition (Details) - USD ($) $ in Thousands	Feb. 25, 2022	Mar. 31, 2023	Jun. 30, 2022
Recognized amounts of identifiable assets acquired and liabilities assumed
Goodwill		$ 50,657	$ 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_3

Business Combinations - Purchase price for the cairo acquisition (Details) - USD ($)	Dec. 15, 2021	Mar. 31, 2023	Jun. 30, 2022
Recognized amounts of identifiable assets acquired and liabilities assumed
Goodwill		$ 50,657,000	$ 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