Southern Missouri Bancorp (SMBC) 10-K13 Sep 232023 FY Annual reportFinancial data

Company Profile

Document and Entity Information

Document and Entity Information - USD ($) $ in Millions	12 Months Ended
Document and Entity Information - USD ($) $ in Millions	Jun. 30, 2023	Sep. 08, 2023	Dec. 31, 2022
Cover [Abstract]
Document Type	10-K
Document Annual Report	true
Document Transition Report	false
Period End date	Jun. 30, 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 Stock
Trading Symbol	SMBC
Trading Exchange	NASDAQ
Voluntary filer	No
Well-known Seasoned Issuer	No
Current reporting status	Yes
Interactive Data Current	Yes
Filer Category	Accelerated Filer
Small Business	false
Emerging Growth Company	false
ICFR Auditor Attestation Flag	true
Shell Company	false
Number of common stock shares outstanding		11,336,462
Fiscal Year End	--06-30
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	FY
Amendment Flag	false
Public Float			$ 356.8
Auditor Name	FORVIS
Auditor Firm ID	686
Auditor Location	Decatur, Illinois

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2023	Jun. 30, 2022
Assets
Cash and cash equivalents	$ 53,979	$ 86,792
Interest-bearing time deposits	1,242	4,768
Available for sale securities (Note 2)	417,554	235,394
Stock in FHLB of Des Moines	11,540	5,893
Stock in Federal Reserve Bank of St. Louis	9,061	5,790
Loans receivable, net of ACL of $47,820 and $33,192 at June 30, 2023 and June 30, 2022, respectively (Note 3)	3,571,078	2,686,198
Accrued interest receivable	18,871	11,052
Premises and equipment, net (Note 4)	92,397	71,347
Bank owned life insurance - cash surrender value	71,684	48,705
Goodwill	50,773	27,288
Other intangible assets, net	30,472	8,175
Prepaid expenses and other assets	31,560	23,380
TOTAL ASSETS	4,360,211	3,214,782
Liabilities and Stockholders' Equity
Deposits (Note 5)	3,725,540	2,815,075
Advances from FHLB (Note 6)	133,514	37,957
Accounts payable and other liabilities	27,271	17,122
Accrued interest payable	4,723	801
Subordinated debt (Note 7)	23,105	23,055
TOTAL LIABILITIES	3,914,153	2,894,010
Commitments and contingencies (Note 12)
Common stock, $.01 par value; 25,000,000 shares authorized; 11,919,087 and 9,815,736 shares issued at June 30, 2023 and June 30, 2022, respectively	119	98
Additional paid-in capital	218,260	119,162
Retained earnings	270,720	240,115
Treasury stock of 588,625 shares at June 30, 2023 and June 30, 2022, at cost	(21,116)	(21,116)
Accumulated other comprehensive loss	(21,925)	(17,487)
TOTAL STOCKHOLDERS' EQUITY	446,058	320,772
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 4,360,211	$ 3,214,782

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2023	Jun. 30, 2022
CONSOLIDATED BALANCE SHEETS
Loans And Leases Receivable Allowance	$ 47,820	$ 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	11,919,087	9,815,736
Treasury Stock	588,625	588,625

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	12 Months Ended
CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Interest Income
Loans	$ 162,224	$ 111,495	$ 105,077
Investment securities	5,324	2,197	2,130
Mortgage-backed securities	6,967	2,738	2,042
Other interest-earning assets	1,901	437	226
TOTAL INTEREST INCOME	176,416	116,867	109,475
Interest Expense
Deposits	44,392	11,822	14,889
Securities sold under agreements to repurchase	213
Advances from FHLB	3,627	792	1,366
Subordinated debt	1,439	686	534
TOTAL INTEREST EXPENSE	49,671	13,300	16,789
NET INTEREST INCOME	126,745	103,567	92,686
Provision (benefit) for credit losses (Note 3)	17,061	1,487	(1,024)
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES	109,684	102,080	93,710
Noninterest Income
Deposit account charges and related fees	7,671	6,450	5,254
Bank card interchange income	5,260	4,224	3,913
Loan late charges	534	553	587
Loan servicing fees	1,483	946	1,454
Other loan fees	3,142	2,369	1,200
Net realized gains on sale of loans	875	1,598	3,980
Net realized gains on sale of AFS securities			90
Earnings on bank owned life insurance	1,516	1,168	1,800
Other income	5,723	3,895	1,764
TOTAL NONINTEREST INCOME	26,204	21,203	20,042
Noninterest Expense
Compensation and benefits	46,896	35,611	31,010
Occupancy and equipment, net	11,220	9,248	7,880
Data processing expense	7,756	5,996	4,812
Telecommunications expense	1,679	1,273	1,261
Deposit insurance premiums	1,470	743	766
Legal and professional fees	4,051	1,362	1,093
Advertising	1,772	1,496	1,080
Postage and office supplies	1,197	823	796
Intangibles amortization	2,633	1,441	1,395
Foreclosed property expenses/losses	90	522	142
Other operating expense	7,661	4,864	3,812
TOTAL NONINTEREST EXPENSE	86,425	63,379	54,047
INCOME BEFORE INCOME TAXES	49,463	59,904	59,705
Income Taxes
Current	11,200	13,352	10,844
Deferred	(974)	(617)	1,681
TOTAL INCOME TAXES	10,226	12,735	12,525
NET INCOME	$ 39,237	$ 47,169	$ 47,180
Basic earnings per share	$ 3.86	$ 5.22	$ 5.22
Diluted earnings per share	3.85	5.21	5.22
Dividends paid	$ 0.84	$ 0.80	$ 0.62

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
NET INCOME	$ 39,237	$ 47,169	$ 47,180
Other comprehensive income (loss):
Unrealized losses on securities available-for-sale	(5,696)	(26,100)	(1,925)
Less: reclassification adjustment for realized gains included in net income			90
Defined benefit pension plan net gain (loss)	5	(11)	6
Tax benefit	1,253	5,742	444
Total other comprehensive loss	(4,438)	(20,369)	(1,565)
COMPREHENSIVE INCOME	$ 34,799	$ 26,800	$ 45,615

CONSOLIDATED STATEMENTS OF STOC

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Common Stock	Additional Paid-in Capital	Retained Earnings Impact of adoption ASU 2016-13	Retained Earnings	Treasury Stock, Common Stock	Accumulated Other Comprehensive Income (Loss)	Impact of adoption ASU 2016-13	Total
BEGINNING BALANCE at Jun. 30, 2020	$ 93	$ 95,035	$ (7,151)	$ 165,709	$ (6,937)	$ 4,447	$ (7,151)	$ 258,347
Net Income				47,180				47,180
Change in unrealized gain on available for sale securities, net						(1,571)		(1,571)
Defined benefit pension plan net gain (loss)						6		6
Dividends paid on common stock				(5,598)				(5,598)
Stock option expense		142						142
Stock grant expense		408						408
Common Stock Issued	1							1
Treasury stock purchased					(8,341)			(8,341)
ENDING BALANCE at Jun. 30, 2021	94	95,585		200,140	(15,278)	2,882		283,423
Net Income				47,169				47,169
Change in unrealized gain on available for sale securities, net						(20,358)		(20,358)
Defined benefit pension plan net gain (loss)						(11)		(11)
Dividends paid on common stock				(7,194)				(7,194)
Stock option expense		165						165
Stock grant expense		532						532
Common Stock Issued	4	22,880						22,884
Treasury stock purchased					(5,838)			(5,838)
ENDING BALANCE at Jun. 30, 2022	98	119,162		240,115	(21,116)	(17,487)		320,772
Net Income				39,237				39,237
Change in unrealized gain on available for sale securities, net						(4,443)		(4,443)
Defined benefit pension plan net gain (loss)						5		5
Dividends paid on common stock				(8,632)				(8,632)
Stock option expense		255						255
Stock grant expense		584						584
Common Stock Issued	21	98,259						98,280
ENDING BALANCE at Jun. 30, 2023	$ 119	$ 218,260		$ 270,720	$ (21,116)	$ (21,925)		$ 446,058

CONSOLIDATED STATEMENTS OF ST_2

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (Parenthetical) - $ / shares	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY
Dividends paid on common stock	$ 0.84	$ 0.80	$ 0.62

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Cash Flows From Operating Activities:
NET INCOME	$ 39,237	$ 47,169	$ 47,180
Items not requiring (providing) cash:
Depreciation	4,923	4,480	4,029
(Gain) loss on disposal of fixed assets	(444)	3	80
Stock option and stock grant expense	839	697	550
(Gain) loss on sale/write-down of REO	(44)	460	55
Amortization of intangible assets	2,633	1,441	1,395
Accretion of purchase accounting adjustments	(3,737)	(1,565)	(1,502)
Increase in cash surrender value of bank owned life insurance (BOLI)	(1,516)	(1,168)	(1,800)
Provision (benefit) for credit losses	17,061	1,487	(1,024)
Gains realized on sale of AFS securities			(90)
Net amortization of premiums and discounts on securities	776	1,198	1,633
Originations of loans held for sale	(21,419)	(42,808)	(151,171)
Proceeds from sales of loans held for sale	21,548	44,004	151,813
Gain on sales of loans held for sale	(875)	(1,598)	(3,980)
Changes in:
Accrued interest receivable	(5,400)	(391)	2,037
Prepaid expenses and other assets	5,449	9,681	1,790
Accounts payable and other liabilities	580	5,016	(47)
Deferred income taxes	(974)	(617)	1,681
Accrued interest payable	3,386	(147)	(867)
NET CASH PROVIDED BY OPERATING ACTIVITIES	62,023	67,342	51,762
Cash flows from investing activities:
Net increase in loans	(447,208)	(281,544)	(62,864)
Net change in interest-bearing deposits	1,227	(1,488)	(7)
Proceeds from maturities of available for sale securities	35,368	40,474	57,723
Proceeds from sales of available for sale securities	136,714		16,284
Net (purchases) redemptions of Federal Home Loan Bank stock	(4,473)	691	517
Net purchases of Federal Reserve Bank of St. Louis stock	(3,271)	(759)	(668)
Purchases of available-for-sale securities	(132,032)	(96,144)	(108,057)
Purchases of long-term investment	(195)	(383)	(40)
Purchases of premises and equipment	(6,039)	(4,617)	(2,856)
Net cash received in acquisition	208,336	48,767
Investments in state & federal tax credits	(7,867)	(11,276)	(5,325)
Proceeds from sale of fixed assets	3,724	928	580
Proceeds from sale of foreclosed assets	2,041	1,423	1,444
Proceeds from BOLI claim	270		1,351
NET CASH USED IN INVESTING ACTIVITIES	(213,405)	(303,928)	(101,918)
Cash flows from financing activities:
Net (decrease) increase in demand deposits and savings accounts	(245,130)	273,356	257,876
Net increase (decrease) in certificates of deposits	304,494	(31,221)	(111,885)
Net decrease in securities sold under agreements to repurchase	(27,629)
Proceeds from Federal Home Loan Bank advances	1,913,830		110,100
Repayments of Federal Home Loan Bank advances	(1,818,381)	(29,300)	(122,649)
Purchase of treasury stock		(5,838)	(8,341)
Dividends paid on common stock	(8,632)	(7,194)	(5,598)
NET CASH PROVIDED BY FINANCING ACTIVITIES	118,552	199,803	119,503
(Decrease) increase in cash and cash equivalents	(32,830)	(36,783)	69,347
Cash and cash equivalents at beginning of period	86,809	123,592	54,245
Cash and cash equivalents at end of period	53,979	86,809	123,592
Noncash investing and financing activities:
Conversion of loans to foreclosed real estate	1,073	127	748
Conversion of foreclosed real estate to loans	960
Conversion of loans to repossessed assets	108	26	461
Right of use assets obtained in exchange for lease obligations: Operating Leases	216	95	804
Company Purchases - Liabilities were assumed as follows:
Less: common stock issued		22,885
Cash paid during the period for:
Interest (net of interest credited)	5,649	2,057	2,654
Income taxes	4,307	361	$ 9,240
Fortune
Company Purchases - Liabilities were assumed as follows:
Fair value of assets acquired	1,019,722
Less: common stock issued	98,280
Cash received	34,889
Liabilities assumed	$ 886,553
First National Bank, Cairo
Company Purchases - Liabilities were assumed as follows:
Fair value of assets acquired		267,913
Cash received		12,663
Liabilities assumed		232,365
Central Federal Bancshares
Company Purchases - Liabilities were assumed as follows:
Fair value of assets acquired		1,707
Liabilities assumed		28,859
Cash paid for the capital stock		$ 27,151

Organization and Summary of Sig

Organization and Summary of Significant Accounting Policies	12 Months Ended
Organization and Summary of Significant Accounting Policies	Jun. 30, 2023
Organization and Summary of Significant Accounting Policies
Organization and Summary of Significant Accounting Policies	NOTE 1: 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. Use of Estimates. On July 1, 2020, Financial Instruments – Credit Losses which created material changes to the existing critical accounting policy that existed at June 30, 2020 . Effective July 1, 2020 , the significant accounting policy which was considered to be the most critical in preparing the Company’s consolidated financial statements is the determination of the allowance for credit losses (“ACL”) on loans. Material estimates that are particularly susceptible to significant change relate to the determination of the allowance for credit losses, and estimated fair values of purchased loans. Cash and Cash Equivalents. Interest-bearing Time Deposits. Available for Sale Securities. Premiums and discounts on debt securities are amortized or accreted as adjustments to income over the estimated life of the security using the level yield method. Realized gains or losses on the sale of securities is based on the specific identification method. The fair value of securities is based on quoted market prices or dealer quotes. If a quoted market price is not available, fair value is estimated using quoted market prices for similar securities. The Company does not invest in collateralized mortgage obligations that are considered high risk. For AFS securities with fair value less than amortized cost that management has no intent to sell and believes that it more likely than not will not be required to sell prior to recovery, only the credit loss component of the impairment is recognized in earnings, while the noncredit loss is recognized in accumulated other comprehensive income (loss). The credit loss component recognized in earnings is identified as the amount of principal cash flows not expected to be received over the remaining term of the security as projected based on cash flow projections, and is recorded to the ACL, by a charge to provision for credit losses. Accrued interest receivable is excluded from the estimate of credit losses. Both the ACL and the adjustment to net income may be reversed if conditions change. However, if the Company intends to sell an impaired AFS security, or, if it is more likely than not the Company will be required to sell such a security before recovering its amortized cost basis, the entire impairment amount would be recognized in earnings with a corresponding adjustment to the security’s amortized cost basis. Because the security’s amortized cost basis is adjusted to fair value, there is no ACL in this situation. 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 June 30, 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. Interest on loans is accrued based upon the principal amount outstanding. The accrual of interest on loans is discontinued when, in management’s judgment, the collectability of interest or principal in the normal course of business is doubtful. The Company complies with regulatory guidance which indicates that loans should be placed in nonaccrual status when 90 days past due, unless the loan is both well-secured and in the process of collection. A loan that is “in the process of collection” may be subject to legal action or, in appropriate circumstances, through other collection efforts reasonably expected to result in repayment or restoration to current status in the near future. A loan is considered delinquent when a payment has not been made by the contractual due date. Interest income previously accrued but not collected at the date a loan is placed on nonaccrual status is reversed against interest income. Cash receipts on a nonaccrual loan are applied to principal and interest in accordance with its contractual terms unless full payment of principal is not expected, in which case cash receipts, whether designated as principal or interest, are applied as a reduction of the carrying value of the loan. A nonaccrual loan is generally returned to accrual status when principal and interest payments are current, full collectability of principal and interest is reasonably assured, and a consistent record of performance has been demonstrated. The ACL is a valuation account that is deducted from the loans’ amortized cost basis to present the net amount expected to be collected on the loans, and is established through provision for credit losses charged to current earnings. The ACL is increased by the provision for losses on loans charged to expense and reduced by loans charged off, net of recoveries. Loans are charged off in the period deemed uncollectible, based on management’s analysis of expected cash flows (for non-collateral dependent loans) or collateral value (for collateral-dependent loans). Subsequent recoveries of loans previously charged off, if any, are credited to the allowance when received. Management estimates the ACL using relevant available information, from internal and external sources, relating to past events, current conditions, and reasonable and supportable forecasts. Adjustments may be made to historical loss information for differences identified in current loan-specific risk characteristics, such as differences in underwriting standards or terms; lending review systems; experience, ability, or depth of lending management and staff; portfolio growth and mix; delinquency levels and trends; as well as for changes in environmental conditions, such as changes in economic activity or employment, agricultural economic conditions, property values, or other relevant factors. The Company generally incorporates a reasonable and supportable forecast period of four quarters, and a four-quarter, straight-line reversion period to return to long-term historical averages. The ACL is measured on a collective (pool) basis when similar risk characteristics exist. For loans that do not share general risk characteristics with the collectively evaluated pools, the Company estimates credit losses on an individual loan basis, and these loans are excluded from the collectively evaluated pools. An ACL for an individually evaluated loan is recorded when the amortized cost basis of the loan exceeds the discounted estimated cash flows using the loan’s initial effective interest rate or the fair value, less estimated costs to sell, of the collateral for certain collateral dependent loans. For the collectively evaluated pools, the Company segments the loan portfolio primarily by loan purpose and collateral into 24 pools, which are homogeneous groups of loans that possess similar loss potential characteristics. The Company primarily utilizes the discounted cash flow (“DCF”) methodology for measurement of the required ACL. For a limited number of pools with a relatively small balance of unpaid principal balance, the Company utilized 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 a regression 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 as an event of charge off, an adverse (substandard or worse) internal credit rating, becoming delinquent 90 days or more, or being placed on nonaccrual status. A PD/LGD estimate is applied to a projected model of the loan’s cashflow, including principal and interest payments, with consideration for prepayment speeds, principal curtailments, and recovery lag. Subsequent to the July 1, 2020, adoption of ASU 2016-13, loans acquired in a business combination that have experienced more-than-insignificant deterioration in credit quality since origination are considered purchased credit deteriorated (“PCD”) loans. At the acquisition date, an estimate of expected credit losses is made for groups of PCD loans with similar risk characteristics and individual PCD loans without similar risk characteristics. This initial ACL is allocated to individual PCD loans and added to the purchase price or acquisition date fair values to establish the initial amortized cost basis of the PCD loans. As the initial ACL is added to the purchase price, there is no credit loss expense recognized upon acquisition of a PCD loan. Any difference between the unpaid principal balance of PCD loans and the amortized cost basis is considered to relate to non-credit factors and results in a discount or premium. Discounts and premiums are recognized through interest income on a level-yield method over the life of the loans. Upon adoption of ASU 2016-13, the amortized cost basis of the PCD assets were adjusted to reflect the addition of $434,000 to the ACL. The remaining noncredit discount, based on the adjusted amortized cost basis, will be accreted into interest income at the effective interest rate as of July 1, 2020. Loan fees and certain direct loan origination costs are deferred, and the net fee or cost is recognized as an adjustment to interest income using the interest method over the contractual life of the loans. Off-Balance Sheet Credit Exposures. 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 method 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 the management’s judgment. Deferred tax assets are reduced by a valuation allowance if, based on the weight of evidence available, it is more likely than not that some portion or all of a deferred tax asset will not be realized. The Company recognizes interest and penalties on income taxes as a component of income tax expense. The Company files consolidated income tax returns with its subsidiaries, the Bank and SB Real Estate Investments, LLC, with a tax year ended June 30. Southern Bank Real Estate Investments, LLC files a separate REIT return for federal tax purposes, and also files state income tax returns with a tax year ended December 31. Incentive Plans. 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. Non-Employee 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. C Earnings Per Share. Comprehensive Income. Transfers Between Fair Value Hierarchy Levels. Wealth Management Assets and Fees The following paragraphs summarize the impact of new accounting pronouncements: In June 2016, the FASB issued ASU 2016-13, Financial Instruments – Credit Losses (Topic 326), which the Company adopted July 1, 2020. The Update amended guidance on reporting credit losses for financial assets held at amortized cost basis and available for sale debt securities. For financial assets held at amortized cost basis, Topic 326 eliminated the probable initial recognition threshold in current GAAP and, instead, requires an entity to reflect its current estimate of all expected credit losses. The Update affects loans, debt securities, trade receivables, net investments in leases, off balance sheet credit exposures, and any other financial assets not excluded from the scope that have the contractual right to receive cash. Adoption was applied on a modified retrospective basis, through a cumulative-effect adjustment to retained earnings. Adoption resulted in an increase to the ACL of $8.9 million, related to the transition from the incurred loss model to the CECL ACL model, and an increase of $434,000 related to the transition from PCI to PCD methodology, relative to the ALLL as of June 30, 2020. The Company also recorded an adjustment to the reserve for unfunded commitments recorded in other liabilities of $268,000. The impact at adoption was reflected as an adjustment to beginning retained earnings, net of income taxes, in the amount of $7.2 million. In accordance with the new standard, management did not reassess whether PCI assets met the criteria of PCD assets as of the date of adoption. The adoption of ASU 2016-13 in fiscal 2021 could also impact the Company’s future earnings, perhaps materially. The following table illustrates the impact of adoption of ASU 2016-13: July 1, 2020 As reported As reported Impact of under prior to adoption (dollars in thousands) ASU 2016-13 ASU 2016-13 ASU 2016-13 Loans receivable $ 2,142,363 $ 2,141,929 $ 434 Allowance for credit losses on loans: Real Estate Loans: Residential 8,396 4,875 3,521 Construction 1,889 2,010 (121) Commercial 15,988 12,132 3,856 Consumer loans 2,247 1,182 1,065 Commercial loans 5,952 4,940 1,012 Total allowance for credit losses on loans $ 34,472 $ 25,139 $ 9,333 Total allowance for credit losses on off-balance sheet credit exposures $ 2,227 $ 1,959 $ 268 The above table includes the impact of ASU 2016-13 adoption for PCD assets previously classified as PCI. The change in the ACL includes $434,000 attributable to residential and commercial real estate loans, and the amortized cost basis of loans receivable was increased for those loans by that total amount. In March 2020, the CARES Act was signed into law, creating a forbearance program for federally backed mortgage loans, protects borrowers from negative credit reporting due to loan accommodations related to the National Emergency, and provides financial institutions the option to temporarily suspend certain requirements under U.S. GAAP related to troubled debt restructurings (TDR) for a limited period of time to account for the effects of COVID-19. The Company 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 have been 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 is evaluating the impact of this ASU but does not expect it 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 clarified 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 amended 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 is evaluating the impact of this ASU but does not expect it to have a material impact on the Company’s consolidated financial statements. In March 2022, the FASB issued ASU No. 2022-02, “Financial Instruments – Credit Losses (Topic 326), Troubled Debt Restructurings and Vintage Disclosures.” ASU 2022-02 eliminates the accounting guidance for TDRs in ASC 310-40, “Receivables – Troubled Debt Restructurings by Creditors” for entities that have adopted the CECL model introduced by ASU 2016-13, “Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments.” ASU 2022-02 also requires that public business entities disclose current-period gross charge offs by year of origination for financing receivables and net investments in leases within the scope of Subtopic 326-20, “Financial Instruments – Credit Losses – Measured at Amortized Cost.” ASU 2022-02 is effective for fiscal years beginning after December 15, 2022, for entities that have adopted the amendments in ASU 2016-13, and the Company does not expect the ASU to have a material impact on its 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 Company does not expect adoption of ASU 2023-02 to have a material impact on its consolidated financial statements.

Available for Sale Securities

Available for Sale Securities	12 Months Ended
Available for Sale Securities	Jun. 30, 2023
Available for Sale Securities
Available for Sale Securities	NOTE 2: Available for Sale Securities The amortized cost, gross unrealized gains, gross unrealized losses and approximate fair value of securities available for sale consisted of the following: June 30, 2023 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 $ 45,285 $ 20 $ (2,737) $ — $ 42,568 Corporate obligations 35,700 19 (3,181) — 32,538 Asset backed securities 67,897 1,274 (545) — 68,626 Other securities 3,587 39 (56) — 3,570 Total debt and equity securities 152,469 1,352 (6,519) — 147,302 Mortgage-backed securities (MBS) and collateralized mortgage obligations (CMOs): Residential MBS issued by governmental sponsored enterprises (GSEs) 97,612 122 (7,610) — 90,124 Commercial MBS issued by GSEs 60,333 11 (6,959) — 53,385 CMOs issued by GSEs 135,202 9 (8,468) — 126,743 Total MBS and CMOs 293,147 142 (23,037) — 270,252 Total AFS securities $ 445,616 $ 1,494 $ (29,556) $ — $ 417,554 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 fair value of available-for-sale 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 call or prepayment penalties. June 30, 2023 Amortized Estimated (dollars in thousands) Cost Fair Value Within one year $ 3,233 $ 3,221 After one year but less than five years 24,395 23,380 After five years but less than ten years 59,286 56,089 After ten years 65,555 64,612 Total investment securities 152,469 147,302 MBS and CMOs 293,147 270,252 Total AFS securities $ 445,616 $ 417,554 The carrying value of investment and mortgage-backed securities pledged as collateral to secure public deposits amounted to There were no gains or losses recognized from sales of available-for-sale securities in fiscal 2023 or 2022. The Company did not hold any securities of a single issuer, payable from and secured by the same source of revenue or taxing authority, the book value of which exceeded 10% of stockholders’ equity at June 30, 2023. Certain investments in debt securities are reported in the consolidated financial statements at an amount less than their historical cost. Total fair value of these investments at June 30, 2023, was $325.5 million, which is approximately 78.0% of the Company’s available for sale investment portfolio, as compared to $219.3 million or approximately 93.2% of the Company’s available for sale investment portfolio at June 30, 2022. Management believes the declines in fair value for these securities to be temporary. The following tables below 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 ACL has not been recorded at June 30, 2023 and 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 For the year ended June 30, 2023 Obligations of state and political subdivisions $ 11,574 $ 184 $ 26,763 $ 2,553 $ 38,337 $ 2,737 Corporate obligations 14,709 1,074 13,821 2,107 28,530 3,181 Asset backed securities 22,628 263 698 282 23,326 545 Other securities 1,970 11 350 45 2,320 56 MBS and CMOs 87,354 1,525 145,673 21,512 233,027 23,037 Total AFS securities $ 138,235 $ 3,057 $ 187,305 $ 26,499 $ 325,540 $ 29,556 Less than 12 months 12 months or more Total Unrealized Unrealized Unrealized (dollars in thousands) Fair Value Losses Fair Value Losses Fair Value Losses For the year ended June 30, 2022 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 and other Obligations. At June 30, 2023, corporate obligations included two pooled trust preferred securities with an estimated fair value of $698,000 and unrealized losses of $282,000 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 June 30, 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. Asset-Backed securities. MBS and CMOs will not be required to sell these securities prior to recovery of their amortized cost basis, which may be maturity, the Company has not recorded an ACL on these securities. The Company does not believe that any individual unrealized loss as of June 30, 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	12 Months Ended
Loans and Allowance for Credit Losses	Jun. 30, 2023
Loans and Allowance for Credit Losses
Loans and Allowance for Credit Losses	NOTE 3: Loans and Allowance for Credit Losses Classes of loans are summarized as follows: (dollars in thousands) June 30, 2023 June 30, 2022 Real Estate Loans: Residential $ 1,133,417 $ 904,160 Construction 550,052 258,072 Commercial 1,562,379 1,146,673 Consumer loans 133,515 92,996 Commercial loans 599,030 441,598 3,978,393 2,843,499 Loans in process (359,196) (123,656) Deferred loan fees, net (299) (453) Allowance for credit losses (47,820) (33,192) Total loans $ 3,571,078 $ 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 June 30, 2023, the Bank had purchased participation interests in 86 loans totaling $155.6 million, as compared to 31 loans totaling $70.0 million at June 30, 2022, with the increase due primarily to participations acquired in the Citizens merger. Residential Mortgage Lending. The Company also originates loans secured by multi-family residential properties that are often located outside the Company’s primary lending area but made to borrowers who operate within our primary market area. The majority of the multi-family residential loans that are originated by the Company are amortized over periods generally up to 25 years, with balloon maturities typically up to ten years. Both fixed and adjustable interest rates are offered and it is typical for the Company to include an interest rate “floor” and “ceiling” in the loan agreement. Generally, multi-family residential loans do not exceed 85% of the lower of the appraised value or purchase price of the secured property. General risks related to multi-family residential lending include rental demand 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 for up to ten years, with a balloon payment due at maturity. Alternatively, for some loans, the interest rate adjusts at least annually after an initial period up to seven years. The Company typically includes an interest rate “floor” in the loan agreement. Generally, improved commercial real estate loan amounts do not exceed 80% of the lower of the appraised value or the purchase price of the secured property. Agricultural real estate terms offered differ slightly, with amortization schedules of up to 25 years with an 80% loan-to-value ratio, or 30 years with a 75% loan-to-value ratio. Construction Lending. six 12 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 provide the Company an opportunity to assess risk. At June 30, 2023, construction loans outstanding included 53 loans, totaling $33.4 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 90% 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 compared to less than one basis point (annualized) during the same period of the prior fiscal year. Specifically, management considered the following primary items in its estimate of the ACL: ● economic conditions and projections as provided by Moody’s Analytics, including baseline and downside scenarios, were utilized in the Company’s estimate at June 30, 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 table 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 and the recorded investment in loans (excluding loans in process and deferred loan fees) based on portfolio segment as of June 30, 2023 and 2022, and activity in the ACL for the fiscal years ended June 30, 2023, 2022, and 2021: (dollars in thousands) Residential Construction Commercial June 30, 2023 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 6,655 432 5,605 334 1,105 14,131 Losses charged off (19) — (245) (327) (82) (673) Recoveries 1 — 12 28 8 49 Balance, end of period $ 15,641 $ 2,664 $ 22,838 $ 909 $ 5,768 $ 47,820 (dollars in thousands) Residential Construction Commercial June 30, 2022 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 Impact of CECL adoption 23 4 52 — 41 120 Provision (benefit) charged to expense (2,238) 46 2,251 (205) 80 (66) Losses charged off (72) — — (65) (16) (153) Recoveries 3 — — 64 2 69 Balance, end of period $ 8,908 $ 2,220 $ 16,838 $ 710 $ 4,516 $ 33,192 (dollars in thousands) Residential Construction Commercial June 30, 2021 Real Estate Real Estate Real Estate Consumer Commercial Total Allowance for credit losses: Balance, beginning of period $ 4,875 $ 2,010 $ 12,132 $ 1,182 $ 4,940 $ 25,139 Impact of CECL adoption 3,521 (121) 3,856 1,065 1,012 9,333 Provision (benefit) charged to expense 2,973 281 (1,364) (1,232) (1,260) (602) Losses charged off (180) — (90) (146) (318) (734) Recoveries 3 — 1 47 35 86 Balance, end of period $ 11,192 $ 2,170 $ 14,535 $ 916 $ 4,409 $ 33,222 The following tables present the balance in the allowance for off-balance credit exposure based on portfolio segment as of June 30, 2023 and 2022, and activity in allowance for the fiscal years ended June 30, 2023, 2022 and 2021: (dollars in thousands) Residential Construction Commercial June 30, 2023 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 charged to expense 13 2,631 54 12 220 2,930 Balance, end of period $ 71 $ 4,809 $ 475 $ 73 $ 860 $ 6,288 (dollars in thousands) Residential Construction Commercial June 30, 2022 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 21 1,676 233 (157) (220) 1,553 Balance, end of period $ 58 $ 2,178 $ 421 $ 61 $ 640 $ 3,358 (dollars in thousands) Residential Construction Commercial June 30, 2021 Real Estate Real Estate Real Estate Consumer Commercial Total Allowance for off-balance sheet credit exposure: Balance, beginning of period $ 19 $ 769 $ 172 $ 153 $ 846 $ 1,959 Impact of CECL adoption 35 (167) 95 197 108 268 Provision (benefit) charged to expense (17) (100) (79) (132) (94) (422) Balance, end of period $ 37 $ 502 $ 188 $ 218 $ 860 $ 1,805 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 year of origination as of June 30, 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 June 30, 2023 2022 2021 2020 2019 Prior loans Total Residential Real Estate Pass $ 328,142 $ 312,853 $ 252,077 $ 103,735 $ 25,651 $ 96,035 $ 9,100 $ 1,127,593 Watch 1,214 1,136 616 108 198 27 5 3,304 Special Mention — — — — — — — — Substandard 837 316 510 — — 857 — 2,520 Doubtful — — — — — — — — Total Residential Real Estate $ 330,193 $ 314,305 $ 253,203 $ 103,843 $ 25,849 $ 96,919 $ 9,105 $ 1,133,417 Construction Real Estate Pass $ 124,479 $ 50,011 $ 10,946 $ 3,190 $ — $ — $ 941 $ 189,567 Watch 280 — — — — — — 280 Special Mention — — — — — — — — Substandard 330 679 — — — — — 1,009 Doubtful — — — — — — — — Total Construction Real Estate $ 125,089 $ 50,690 $ 10,946 $ 3,190 $ — $ — $ 941 $ 190,856 Commercial Real Estate Pass $ 462,643 $ 474,140 $ 279,921 $ 89,272 $ 74,653 $ 83,871 $ 37,443 $ 1,501,943 Watch 8,122 5,382 163 3,879 — 117 — 17,663 Special Mention 2,940 — — — — — — 2,940 Substandard 7,690 26,465 2,425 288 473 1,735 757 39,833 Doubtful — — — — — — — — Total Commercial Real Estate $ 481,395 $ 505,987 $ 282,509 $ 93,439 $ 75,126 $ 85,723 $ 38,200 $ 1,562,379 Consumer Pass $ 36,003 $ 14,530 $ 5,446 $ 1,692 $ 717 $ 1,379 $ 73,225 $ 132,992 Watch 71 — 62 — — — — 133 Special Mention — — — — — — — — Substandard 33 2 1 — — 41 313 390 Doubtful — — — — — — — — Total Consumer $ 36,107 $ 14,532 $ 5,509 $ 1,692 $ 717 $ 1,420 $ 73,538 $ 133,515 Commercial Pass $ 138,500 $ 83,011 $ 71,054 $ 10,723 $ 6,239 $ 10,657 $ 272,710 $ 592,894 Watch 698 211 91 3 — — 2,549 3,552 Special Mention — — — — — — — — Substandard 860 329 128 184 175 574 334 2,584 Doubtful — — — — — — — — Total Commercial $ 140,058 $ 83,551 $ 71,273 $ 10,910 $ 6,414 $ 11,231 $ 275,593 $ 599,030 Total Loans Pass $ 1,089,767 $ 934,545 $ 619,444 $ 208,612 $ 107,260 $ 191,942 $ 393,419 $ 3,544,989 Watch 10,385 6,729 932 3,990 198 144 2,554 24,932 Special Mention 2,940 — — — — — — 2,940 Substandard 9,750 27,791 3,064 472 648 3,207 1,404 46,336 Doubtful — — — — — — — — Total $ 1,112,842 $ 969,065 $ 623,440 $ 213,074 $ 108,106 $ 195,293 $ 397,377 $ 3,619,197 At June 30, 2023, PCD loans comprised $37.4 million of credits rated “Pass”; $12.7 million of credits rated “Watch”; none rated “Special Mention”; $6.3 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 year of origination as of June 30, 2022. This table includes PCD loans, which are reported according to risk categorization after acquisition based on the Company’s standards for such classification: (dollars in thousands) Revolving 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. Greater Than Greater Than 90 30-59 Days 60-89 Days 90 Days Total Total Loans Days Past Due (dollars in thousands) Past Due Past Due Past Due Past Due Current Receivable and Accruing June 30, 2023 Real Estate Loans: Residential $ 1,984 $ 401 $ 483 $ 2,868 $ 1,130,549 $ 1,133,417 $ 109 Construction 443 311 698 1,452 189,404 190,856 — Commercial 616 1,854 1,580 4,050 1,558,329 1,562,379 — Consumer loans 456 124 212 792 132,723 133,515 — Commercial loans 713 77 789 1,579 597,451 599,030 — Total loans $ 4,212 $ 2,767 $ 3,762 $ 10,741 $ 3,608,456 $ 3,619,197 $ 109 Greater Than Greater Than 90 30-59 Days 60-89 Days 90 Days Total Total Loans Days Past Due (dollars in thousands) Past Due Past Due Past Due Past Due Current Receivable and Accruing June 30, 2022 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 June 30, 2023 and 2022 there were no PCD loans that were greater than 90 days past due. Loans that experience insignificant payment delays and payment shortfalls generally are not adversely classified or determined to not share similar risk characteristics with collectively evaluated pools of loans for determination of the ACL estimate. Management determines the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower’s prior payment record and the amount of the shortfall in relation to the principal and interest owed. Significant payment delays or shortfalls may lead to a determination that a loan should be individually evaluated for estimated credit losses. Collateral-dependent Loans. Amortized cost basis of (dollars in thousands) loans determined to be Related allowance June 30, 2023 collateral dependent for credit losses Residential real estate loans 1- to 4-family residential loans $ 6,376 $ 901 Total loans $ 6,376 $ 901 Amortized cost basis of (dollars in thousands) loans determined to be Related allowance June 30, 2022 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) June 30, 2023 June 30, 2022 Residential real estate $ 934 $ 1,647 Construction real estate 698 — Commercial real estate 4,564 2,259 Consumer loans 256 73 Commercial loans 1,091 139 Total loans $ 7,543 $ 4,118 At June 30, 2023, there were no nonaccrual loans individually evaluated for which no ACL was recorded. Interest income recognized on nonaccrual loans in the periods ended June 30, 2023 and 2022, was immaterial. Troubled Debt Restructurings During fiscal 2023, there were no loans modified as TDRs. During fiscal 2022, there were six loans modified as TDRs totaling $24.5 million. Performing loans classified as TDRs at June 30, 2023 and June 30, 2022 segregated by class, are shown in the table below. Nonperforming TDRs are shown in nonaccrual loans. June 30, 2023 June 30, 2022 Number of Recorded Number of Recorded (dollars in thousands) modifications Investment modifications Investment Residential real estate 10 $ 3,438 11 $ 3,625 Construction real estate — — — — Commercial real estate 6 24,017 8 25,132 Consumer loans — — — — Commercial loans 6 2,310 8 1,849 Total 22 $ 29,765 27 $ 30,606 Real Estate Foreclosures Following is a summary of loans to executive officers, directors, significant shareholders and their affiliates held by the Company at June 30, 2023 and 2022, respectively: June 30, (dollars in thousands) 2023 2022 Beginning Balance $ 10,614 $ 10,624 Additions 6,374 6,393 Repayments (7,223) (6,403) Change in related party 782 — Ending Balance $ 10,547 $ 10,614

Premises and Equipment

Premises and Equipment	12 Months Ended
Premises and Equipment	Jun. 30, 2023
Premises and Equipment
Premises and Equipment	NOTE 4: Premises and Equipment Following is a summary of premises and equipment: (dollars in thousands) June 30, 2023 June 30, 2022 Land $ 15,415 $ 13,532 Buildings and improvements 79,661 64,730 Construction in progress 450 142 Furniture, fixtures, equipment and software 26,404 20,838 Automobiles 122 120 Operating leases ROU asset 6,125 3,849 128,177 103,211 Less accumulated depreciation 35,780 31,864 $ 92,397 $ 71,347 Leases and ground leases, and numerous office equipment lease agreements in which it is the lessee, with lease terms exceeding twelve months. 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 years ended June 30, 2023 and 2022, income recognized from these lessor agreements was In the February 2022 Fortune merger, 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 third 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. At or for the Twelve Months Ended June 30, (dollars in thousands) 2023 2022 Consolidated Balance Sheet Operating leases right of use asset $ 6,125 $ 3,849 Operating leases liability $ 6,125 $ 3,849 Consolidated Statement of Income Operating lease costs classified as occupancy and equipment expense $ 720 $ 451 (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 $ 524 $ 382 ROU assets obtained in exchange for operating lease obligations: $ — $ — For the years ended June 30, 2023 and 2022, lease expense was $720,000 and $451,000, respectively. At June 30, 2023, future expected lease payments for leases with terms exceeding one year were as follows: (dollars in thousands) 2024 $ 721 2025 711 2026 707 2027 694 2028 623 Thereafter 7,359 Future lease payments expected $ 10,815

Deposits

Deposits	12 Months Ended
Deposits	Jun. 30, 2023
Deposits
Deposits	NOTE 5: Deposits Deposits are summarized as follows: (dollars in thousands) June 30, 2023 June 30, 2022 Non-interest bearing accounts $ 597,600 $ 426,929 NOW accounts 1,328,423 1,171,620 Money market deposit accounts 452,728 303,612 Savings accounts 282,753 274,283 TOTAL NON-MATURITY DEPOSITS 2,661,504 2,176,444 Certificates 0.00-0.99% 92,533 408,479 1.00-1.99% 109,564 171,997 2.00-2.99% 186,538 51,692 3.00-3.99% 109,780 6,298 4.00-4.99% 472,546 165 5.00-5.99% 93,057 — 6.00% and above 18 — TOTAL CERTIFICATES 1,064,036 638,631 TOTAL DEPOSITS $ 3,725,540 $ 2,815,075 The aggregate amount of deposits with a minimum denomination of $250,000 was $1.2 billion and $848.9 million at June 30, 2023 and 2022, respectively. Certificate maturities are summarized as follows: (dollars in thousands) July 1, 2023 to June 30, 2024 $ 690,500 July 1, 2024 to June 30, 2025 208,578 July 1, 2025 to June 30, 2026 69,336 July 1, 2026 to June 30, 2027 49,439 July 1, 2027 to June 30, 2028 46,083 Thereafter 100 TOTAL $ 1,064,036 Brokered certificates totaled $146.5 million and $10.8 million at June 30, 2023 and 2022, respectively. Deposits from executive officers, directors, significant shareholders and their affiliates (related parties) held by the Company at June 30, 2023 and 2022 totaled approximately $6.6 million and $6.0 million, respectively.

Advances from Federal Home Loan

Advances from Federal Home Loan Bank	12 Months Ended
Advances from Federal Home Loan Bank	Jun. 30, 2023
Advances from Federal Home Loan Bank
Advances from Federal Home Loan Bank	NOTE 6: Advances from Federal Home Loan Bank Advances from Federal Home Loan Bank are summarized as follows: Interest June 30, Maturity Rate 2023 2022 (dollars in thousands) 08/15/22 1.89 % $ — $ 3,000 11/16/22 0.51 % — 1,994 03/06/23 0.99 % — 3,000 07/24/23 0.59 % 998 987 11/15/23 0.57 % 993 980 03/06/24 0.95 % 3,000 3,000 03/28/24 2.56 % 8,000 8,000 07/24/24 0.66 % 1,966 1,940 08/13/24 1.88 % 3,000 3,000 02/21/25 1.53 % — 5,000 03/06/25 1.01 % 3,000 3,000 07/15/25 0.77 % 1,939 1,913 07/22/26 1.10 % 1,929 1,909 12/14/26 2.65 % 189 234 04/20/26 4.39 % 5,000 — 06/22/26 4.55 % 5,000 — 06/26/26 4.49 % 5,000 — 04/12/27 4.04 % 5,000 — 04/27/27 4.07 % 5,000 — 05/03/27 3.95 % 5,000 — 05/12/27 3.86 % 5,000 — 06/22/27 4.38 % 5,000 — 06/25/27 4.34 % 5,000 — 03/23/28 3.85 % 10,000 — 03/24/28 3.93 % 10,000 — 06/22/28 4.21 % 5,000 — 06/26/28 4.18 % 5,000 — Overnight 5.35 % 33,500 — TOTAL $ 133,514 $ 37,957 Weighted-average rate 3.95 % 1.47 % Of the advances outstanding at June 30, 2023, none are callable by the FHLB prior to maturity. In addition to the above advance, the Bank had additional available credit amounting to $541.3 million and $500.6 million with the FHLB at June 30, 2023 and 2022, respectively. Advances from FHLB of Des Moines are secured by FHLB stock and commercial real estate and one- to four-family mortgage loans pledged. To secure outstanding advances and the Bank’s line of credit, loans totaling $1.1 billion and $889.7 million were pledged to the FHLB at June 30, 2023 and 2022, respectively. The principal maturities of FHLB advances at June 30, 2023, are below: June 30, 2023 FHLB Advance Maturities (dollars in thousands) July 1, 2023 to June 30, 2024 $ 46,491 July 1, 2024 to June 30, 2025 7,966 July 1, 2025 to June 30, 2026 1,939 July 1, 2026 to June 30, 2027 47,118 July 1, 2027 to June 30, 2028 30,000 TOTAL $ 133,514

Subordinated Debt

Subordinated Debt	12 Months Ended
Subordinated Debt	Jun. 30, 2023
Subordinated Debt.
Subordinated Debt	NOTE 7: 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 June 30, 2023, the Debentures carried an interest rate of 8.26%. The balance of the Debentures outstanding was $7.2 million at June 30, 2023 and June 30, 2022. The Company used its net proceeds for working capital and investment in its subsidiaries. In connection with the October 2013 Ozarks Legacy Community Financial, Inc. (OLCF) merger, 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 June 30, 2023, the current rate was 8.00%. The carrying value of the debt securities was approximately $2.7 million at June 30, 2023 and 2022. In connection with the August 2014 Peoples Service Company, Inc. (PSC) merger, 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 June 30, 2023, the current rate was 7.35%. The carrying value of the debt securities was approximately $5.5 million and $5.4 million at June 30, 2023 and 2022, respectively. The Company’s investment at a face amount of $505,000 in these trusts is included with Prepaid Expenses and Other Assets in the consolidated balance sheets, and is carried at a value of $464,000 at June 30, 2023. In connection with the February 2022 Fortune merger, 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 June 30, 2023 and 2022.

Employee Benefits

Employee Benefits	12 Months Ended
Employee Benefits	Jun. 30, 2023
Employee Benefits
Employee Benefits	NOTE 8: Employee Benefits 401(k) Retirement Plan. 2008 Equity Incentive Plan 2003 Stock Option Plan As of June 30, 2023, there was no remaining unrecognized compensation expense related to unvested stock options under the 2003 Plan. The aggregate intrinsic value of stock options outstanding, all of which were exercisable at June 30, 2023, was $209,000. No options to purchase shares were vested or exercised in fiscal 2023, 2022 or 2021. 2017 Omnibus Incentive Plan Under the 2017 Plan, options to purchase 138,000 shares have been issued to employees and directors, of which none have been exercised or forfeited, and 138,000 remain outstanding. As of June 30, 2023, there was $1.1 million in remaining unrecognized compensation expense related to unvested stock options under the 2017 Plan, which will be recognized over the remaining weighted average vesting period. The aggregate intrinsic value of in-the-money stock options outstanding under the 2017 Plan at June 30, 2023, was $419,000, and 2,900 options were exercisable at June 30, 2023, at a strike price in excess of the market price. The intrinsic value of options vested in fiscal 2023, 2022, and 2021 was $42,000, $150,000, and $87,000, respectively. Full value awards totaling 28,650, 22,350, and 18,925 shares, respectively, were issued to employees and directors in fiscal 2023, 2022, and 2021. All full value awards were in the form of either: ● restricted stock vesting at the rate of one -fifth of such shares per year, ● performance-based restricted stock vesting at up to 20% of such shares per year, contingent on the achievement of specified profitability targets over a trailing three-year period, or ● restricted stock vesting at the rate of one-third of such shares per year, ● restricted stock vesting after a three-year service requirement. During fiscal 2023, 2022, and 2021, full value awards of 15,140, 12,860, and 9,770 shares were vested, respectively. Compensation expense, in the amount of the fair market value of the common stock at the date of grant, is recognized pro-rata over the vesting period. Compensation expense for full value awards under the 2017 Plan for fiscal 2023, 2022, and 2021 was $833,000, $548,000, and $351,000, respectively. At June 30, 2023, unvested compensation expense related to full value awards under the 2017 Plan was approximately $2.4 million. Changes in options outstanding under the 2003 Plan and the 2017 Plan were as follows: 2023 2022 2021 Weighted Weighted Weighted Average Average Average Price Number Price Number Price Number Outstanding at beginning of year $ 36.56 104,000 $ 33.77 89,500 $ 33.22 60,500 Granted 38.58 44,000 53.82 14,500 34.91 29,000 Exercised — — — — — — Forfeited — — — — — — Outstanding at year-end $ 39.63 148,000 $ 36.56 104,000 $ 33.77 89,500 Options exercisable at year-end $ 33.89 63,700 $ 31.92 44,900 $ 29.79 29,000 The following is a summary of the assumptions used in the Black-Scholes pricing model in determining the fair values of options granted during fiscal years 2023, 2022, and 2021: 2023 2022 2021 Assumptions: Expected dividend yield 1.79 % 1.49 % 1.83 % Expected volatility 29.67 % 28.02 % 27.72 % Risk-free interest rate 3.79 % 1.82 % 1.14 % Weighted-average expected life (years) 10.00 10.00 10.00 Weighted-average fair value of options granted during the year $ 16.68 $ 16.38 $ 9.19 The table below summarizes information about stock options outstanding under the 2003 Plan and 2017 Plan at June 30, 2023: Weighted Options Outstanding Options Exercisable Average Weighted Weighted Remaining Average Average Contractual Number Exercise Number Exercise Life Outstanding Price Exercisable Price 14 mo. 10,000 $ 17.55 10,000 $ 17.55 55 mo. 13,500 37.31 13,500 37.31 66 mo. 17,500 34.35 14,000 34.35 80 mo. 19,500 37.40 11,700 37.40 91 mo. 29,000 34.91 11,600 34.91 103 mo. 14,500 53.82 2,900 53.82 109 mo. 7,500 46.59 — 46.59 116 mo. 36,500 46.94 — 46.94

Income Taxes

Income Taxes	12 Months Ended
Income Taxes	Jun. 30, 2023
Income Taxes
Income Taxes.	NOTE 9: Income Taxes The Company and its subsidiary files income tax returns in the U.S. Federal jurisdiction and various states. The Company is no longer subject to federal and state tax 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 components of net deferred tax assets (included in other assets on the condensed consolidated balance sheet) are summarized as follows: (dollars in thousands) June 30, 2023 June 30, 2022 Deferred tax assets: Provision for losses on loans $ 12,101 $ 7,761 Accrued compensation and benefits 974 828 NOL carry forwards acquired 709 57 Low income tax credit carry forward 1,192 — Unrealized loss on other real estate 818 72 Unrealized loss on available for sale securities 6,174 4,921 Total deferred tax assets 21,968 13,639 Deferred tax liabilities: Purchase accounting adjustments 2,348 224 Depreciation 4,276 1,974 FHLB stock dividends 120 120 Prepaid expenses 728 415 Other 1,636 181 Total deferred tax liabilities 9,108 2,914 Net deferred tax asset $ 12,860 $ 10,725 As of June 30, 2023, the Company had approximately $3.2 million and $0 in federal and state net operating loss carryforwards, respectively, which were acquired in the July 2009 Southern Bank of Commerce merger, the February 2014 Citizens State Bankshares of Bald Knob, Inc. merger, the April 2020 Central Federal Savings and Loan merger, the February 2022 Fortune Bank merger, and the January 2023 Citizens Bank and Trust merger. 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 2030. A reconciliation of income tax expense at the statutory rate to the Company’s actual income tax expense is shown below: For the year ended June 30 (dollars in thousands) 2023 2022 2021 Tax at statutory rate $ 10,387 $ 12,580 $ 12,538 Increase (reduction) in taxes resulting from: Nontaxable municipal income (327) (349) (453) State tax, net of Federal benefit 46 812 1,018 Cash surrender value of Bank-owned life insurance (318) (245) (378) Tax credit benefits (19) (45) (11) Other, net 457 (18) (189) Actual provision $ 10,226 $ 12,735 $ 12,525 For the years ended June 30, 2023, 2022, and 2021, income tax expense at the statutory rate was calculated using a 21% annual effective tax rate (AETR). Tax credit benefits are recognized under the deferral method of accounting for investments in tax credits.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (AOCI)	12 Months Ended
Accumulated Other Comprehensive Income (AOCI)	Jun. 30, 2023
Accumulated Other Comprehensive Income (AOCI)
Accumulated Other Comprehensive Income (AOCI)	NOTE 10: Accumulated Other Comprehensive Income (AOCI) The components of AOCI, included in stockholders’ equity, are as follows: June 30, (dollars in thousands) 2023 2022 Net unrealized loss on securities available-for-sale $ (28,062) $ (22,366) Net unrealized gain on securities available-for-sale securities for which a portion of an other-than-temporary impairment has been recognized in income (1) (1) Unrealized gain from defined benefit pension plan (32) (37) (28,095) (22,404) Tax effect 6,170 4,917 Net of tax amount $ (21,925) $ (17,487) Amounts reclassified from AOCI and the affected line items in the consolidated statements of income during the years ended June 30, 2023 and 2022, were as follows: Amounts Reclassified From AOCI (dollars in thousands) Affected Line Item in the Condensed 2023 2022 Consolidated Statements of Income Amortization of defined benefit pension items $ 5 $ (11) Compensation and benefits (included in computation of net periodic pension costs) Total reclassified amount before tax 5 (11) Tax benefit 1 (2) Provision for income tax Total reclassification out of AOCI $ 4 $ (9) Net Income

Stockholders' Equity and Regula

Stockholders' Equity and Regulatory Capital	12 Months Ended
Stockholders' Equity and Regulatory Capital	Jun. 30, 2023
Stockholders' Equity and Regulatory Capital
Stockholders' Equity and Regulatory Capital	NOTE 11: Stockholders’ Equity and Regulatory Capital The Company and Bank are subject to various regulatory capital requirements administered by the Federal banking agencies. Failure to meet minimum capital requirements can result in certain mandatory – and possibly additional discretionary – actions by regulators that, if undertaken, could have a direct material effect on the Company’s financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Company and Bank must meet specific capital guidelines that involve quantitative measures of the Company and the Bank’s assets, liabilities, and certain off-balance sheet items as calculated under U.S. GAAP, regulatory reporting requirements and regulatory capital standards. The Company and Bank’s capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings, and other factors. Furthermore, the Company and Bank’s regulators could require adjustments to regulatory capital not reflected in the consolidated financial statements. Quantitative measures established by regulatory capital standards to ensure capital adequacy require the Company and the Bank to maintain minimum amounts and ratios (set forth in the table below) of total capital, Tier 1 capital (as defined), and common equity Tier 1 capital (as defined) to risk-weighted assets (as defined) and of Tier 1 capital (as defined) to average total assets (as defined). Additionally, to make distributions or discretionary bonus payments, the Company and Bank must maintain a capital conservation buffer of 2.5% of risk-weighted assets. Management believes, as of June 30, 2023 and 2022, that the Company and the Bank met all capital adequacy requirements to which they are subject. Effective January 1, 2020, depository institutions and depository institution holding companies that have less than $10 billion in total consolidated assets and meet other qualifying criteria, including a tier 1 leverage ratio of greater than 9 percent, are considered qualifying community banking organizations and are eligible to opt into an alternative, simplified regulatory capital framework, which utilizes a newly-defined “Community Bank Leverage Ratio” (CBLR). The CBLR framework is an optional framework that is designed to reduce burden by removing the requirements for calculating and reporting risk-based capital ratios for qualifying community banking organizations that opt into the framework. Qualifying community banking organizations that elect to use the CBLR framework and that maintain a leverage ratio of greater than 9 percent are considered to have satisfied the risk-based and leverage capital requirements in the agencies’ generally applicable capital rule. In April 2020, the federal bank regulatory agencies announced the issuance of two interim final rules to provide temporary relief to community banking organizations. Under the rules, CBLR requirement was a minimum of 8.5% for calendar year 2021, and 9% thereafter. The Company and the Bank have not made an election to utilize the CBLR framework, but will continue to monitor the available option, and could do so in the future. In August 2020, the Federal banking agencies adopted a final rule updating a December 2018 rule regarding the impact on regulatory capital of adoption of the CECL standard. The rule now allows institutions that adopt the CECL standard in 2020 a five-year transition period to recognize the estimated impact of adoption on regulatory capital. The Company and the Bank elected to exercise the option to recognize the impact of adoption over the five-year period. As of June 30, 2023, the most recent notification from the Federal banking agencies categorized the Bank as well capitalized under the regulatory framework for prompt corrective action. To be categorized as well capitalized the Bank must maintain minimum total risk-based, Tier 1 risk-based, common equity Tier 1 risk-based, and Tier 1 leverage ratios as set forth in the table. There are no conditions or events since that notification that management believes have changed the Bank’s category. The tables below summarize the Company and Bank’s actual and required regulatory capital: To Be Well Capitalized Under Prompt Corrective Action Actual For Capital Adequacy Purposes Provisions As of June 30, 2023 Amount Ratio Amount Ratio Amount Ratio (dollars in thousands) Total Capital (to Risk-Weighted Assets) Consolidated $ 481,236 12.52 % $ 307,528 8.00 % $ n/a n/a Southern Bank 454,699 11.77 % 308,932 8.00 % 386,166 10.00 % Tier I Capital (to Risk-Weighted Assets) Consolidated 426,644 11.10 % 230,646 6.00 % n/a n/a Southern Bank 407,764 10.56 % 231,699 6.00 % 308,932 8.00 % Tier I Capital (to Average Assets) Consolidated 426,644 9.95 % 171,470 4.00 % n/a n/a Southern Bank 407,764 9.54 % 170,942 4.00 % 213,677 5.00 % Common Equity Tier I Capital (to Risk-Weighted Assets) Consolidated 411,196 10.70 % 172,985 4.50 % n/a n/a Southern Bank 407,764 10.56 % 173,774 4.50 % 251,008 6.50 % To Be Well Capitalized Under Prompt Corrective Action Actual For Capital Adequacy Purposes Provisions As of June 30, 2022 Amount Ratio Amount Ratio Amount Ratio (dollars in thousands) Total Capital (to Risk-Weighted Assets) Consolidated $ 370,013 13.42 % $ 220,558 8.00 % $ n/a n/a Southern Bank 352,169 12.90 % 218,397 8.00 % 272,996 10.00 % Tier I Capital (to Risk-Weighted Assets) Consolidated 335,316 12.16 % 165,418 6.00 % n/a n/a Southern Bank 325,183 11.91 % 163,797 6.00 % 218,397 8.00 % Tier I Capital (to Average Assets) Consolidated 335,316 10.41 % 128,822 4.00 % n/a n/a Southern Bank 325,183 10.22 % 127,333 4.00 % 159,167 5.00 % Common Equity Tier I Capital (to Risk-Weighted Assets) Consolidated 319,971 11.61 % 124,064 4.50 % n/a n/a Southern Bank 325,183 11.91 % 122,848 4.50 % 177,447 6.50 % The Bank’s ability to pay dividends on its common stock to the Company is restricted to maintain adequate capital as shown in the above tables. Additionally, prior regulatory approval is required for the declaration of any dividends generally in excess of the sum of net income for that calendar year and retained net income for the preceding two calendar years. At June 30, 2023, approximately $29.9 million of the equity of the Bank was available for distribution as dividends to the Company without prior regulatory approval.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
Commitments and Contingencies	Jun. 30, 2023
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	NOTE 12: Commitments and Contingencies Standby Letters of Credit Standby letters of credit are irrevocable conditional commitments issued by the Company to guarantee the performance of a customer to a third party. Financial standby letters of credit are primarily issued to support public and private borrowing arrangements, including commercial paper, bond financing and similar transactions. Performance standby letters of credit are issued to guarantee performance of certain customers under non-financial contractual obligations. The credit risk involved in issuing standby letters of credit is essentially the same as that involved in extending loans to customers. The Company had total outstanding standby letters of credit amounting to $7.1 million at June 30, 2023, and $3.7 million at June 30, 2022, with terms ranging from 12 Off-balance-sheet and Credit Risk These financial instruments include commitments to extend credit. These instruments involve, to varying degrees, elements of credit and interest rate risk in excess of the amount recognized in the balance sheets. Lines of credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract. Lines of credit generally have fixed expiration dates. Since a portion of the line may expire without being drawn upon, the total unused lines do not necessarily represent future cash requirements. Each customer’s creditworthiness is evaluated on a case-by-case basis. The amount of collateral obtained, if deemed necessary, is based on management’s credit evaluation of the counterparty. Collateral held varies but may include accounts receivable, inventory, property, plant and equipment, commercial real estate and residential real estate. Management uses the same credit policies in granting lines of credit as it does for on balance sheet instruments. The Company had $912.0 million in commitments to extend credit at June 30, 2023, and $707.7 million at June 30, 2022. At June 30, 2023, total commitments to originate fixed-rate loans with terms in excess of one year were $213.3 million at rates ranging from 3.95% to 11.0%, with a weighted-average rate of 6.07%. Commitments to extend credit and standby letters of credit include exposure to some credit loss in the event of nonperformance of the customer. The Company’s policies for credit commitments and financial guarantees are the same as those for extension of credit that are recorded in the balance sheet. The commitments extend over varying periods of time with the majority being disbursed within a thirty-day period. The Company originates collateralized commercial, real estate, and consumer loans to customers in Missouri, Arkansas, and Illinois. Although the Company has a diversified portfolio, loans aggregating $1.5 billion at June 30, 2023, are secured by single and multi-family residential real estate generally located in the Company’s primary lending area. Legal proceedings

Earnings Per Share

Earnings Per Share	12 Months Ended
Earnings Per Share	Jun. 30, 2023
Earnings Per Share
Earnings Per Share	NOTE 13: Earnings Per Share The following table sets forth the computations of basic and diluted earnings per common share: June 30, (dollars in thousands except per share data) 2023 2022 2021 Net income $ 39,237 $ 47,169 $ 47,180 Less: distributed earnings allocated to participating securities (42) (30) (18) Less: undistributed earnings allocated to participating securities (150) (165) (135) Net income available to common shareholders $ 39,045 $ 46,974 $ 47,027 Denominator for basic earnings per share - Weighted-average shares outstanding 10,124,766 8,994,022 9,007,814 Effect of dilutive securities stock options or awards 17,033 17,122 2,923 Denominator for diluted earnings per share 10,141,799 9,011,144 9,010,737 Basic earnings per share available to common stockholders $ 3.86 $ 5.22 $ 5.22 Diluted earnings per share available to common stockholders $ 3.85 $ 5.21 $ 5.22 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 restricted stock

Business Combinations

Business Combinations	12 Months Ended
Business Combinations	Jun. 30, 2023
Business Combinations
Business Combinations	NOTE 14: Business Combinations On January 20, 2023, the Company completed the merger with Citizens and its wholly owned subsidiary, Citizens Bank and Trust Company (“Citizens Bank”), in a stock and cash transaction. In late February 2023, the Company merged Citizens Bank with and into the Bank, coincident to the data systems conversion. For the fiscal year ended June 30, 2023, the Company incurred $4.9 million of third-party acquisition-related costs, which are included in noninterest expense in the Company’s condensed consolidated statements of income. 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 merger 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 merger 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 $ 34,889 Common stock, at fair value 98,280 Total consideration $ 133,169 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 9,366 Deposits (851,140) Securities sold under agreements to repurchase (27,629) Miscellaneous other liabilities (7,784) Total identifiable net assets 109,685 Goodwill $ 23,484 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, $2.6 million was allocated to the intangible related to the acquired trust and wealth management business line and will be amortized over ten years on a straight line basis, and $23.5 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 Bank and 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 merger 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 and gross contractual amounts receivable of $419.5 . million and $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 merger(ASC 310-30). The Company utilized an outside valuation expert to estimate the fair value of acquired assets and assumed liabilities. This work related primarily to loans, the core deposit intangible, and the intangible related to the acquired trust and wealth management business lin e. The acquired business contributed revenues of $11.6 million and earnings of $3.3 million for the period from January 20, 2023 through June 30, 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 twelve months ended June 30, (dollars in thousands) 2023 2022 Revenue $ 183,878 $ 166,101 Earnings $ 51,156 $ 56,856 On February 25, 2022, the Company completed its merger with Fortune and its wholly owned subsidiary, FortuneBank (“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 net tangible and intangible assets based on their current 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 merger 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 has been allocated to core deposit intangible, and will be amortized over seven years on a straight line basis. Additionally, $12.8 million has been 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 FB. 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 purchase credit deteriorated (PCD) loans include loans with a fair value and gross contractual amounts receivable of $187.0 million and $211.0 million at the date of merger. Management identified 31 PCD loans, with a book balance of $15.1 million, associated with the Fortune merger (ASC 310-30). On December 15, 2021, the Company completed its acquisition of the Cairo, Illinois, branch (“Cairo”) of First National Bank, Oldham, South Dakota. The deal resulted in the 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 fiscal years ended June 30, 2023 and 2022, the Company incurred Under the acquisition method of accounting, the total purchase price is allocated to net tangible and intangible assets based on their current 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 Cairo acquisition is detailed in the following table. First National Bank - Cairo Branch Fair Value of Consideration Transferred (dollars in thousands) Cash received $ (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

Fair Value Measurements

Fair Value Measurements	12 Months Ended
Fair Value Measurements	Jun. 30, 2023
Fair Value Measurements
Fair Value Measurements	NOTE 15: Fair Value Measurements ASC Topic 820, Fair Value Measurements, defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Topic 820 also establishes a fair value hierarchy which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The standard describes three levels of inputs that may be used to measure fair value: Level 1 Level 2 Level 3 Recurring Measurements Fair Value Measurements at June 30, 2023, 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 $ 42,568 $ — $ 42,568 $ — Corporate obligations 32,538 — 32,538 — Asset backed securities 68,626 — 68,626 — Other securities 3,570 — 3,570 — MBS and CMOs 270,252 — 270,252 — 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. There have been no significant changes in the valuation techniques during the year ended June 30, 2023. Available-for-sale Securities Nonrecurring Measurements Fair Value Measurements at June 30, 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) Foreclosed and repossessed assets held for sale $ 1,472 $ — $ — $ 1,472 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) Foreclosed and repossessed assets held for sale $ — $ — $ — $ — The following table presents losses recognized on assets measured on a non-recurring basis for the years ended June 30, 2023 and 2022: (dollars in thousands) 2023 2022 Foreclosed and repossessed assets held for sale $ 60 $ (503) Total gains (losses) on assets measured on a non-recurring basis $ 60 $ (503) 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 pursuant to the valuation hierarch. For assets classified within Level 3 of fair value hierarchy, the process used to develop the reported fair value process is described below. Foreclosed and Repossessed Assets Held for Sale Unobservable (Level 3) Inputs Range Fair value at Valuation Unobservable of Weighted-average (dollars in thousands) June 30, 2023 technique inputs inputs applied inputs applied Nonrecurring Measurements Foreclosed and repossessed assets $ 1,472 Third party appraisal Marketability discount 14.9 - 14.9 % 14.9 % Fair Value of Financial Instruments June 30, 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 $ 53,979 $ 53,979 $ — $ — Interest-bearing time deposits 1,242 — 1,242 — Stock in FHLB 11,540 — 11,540 — Stock in Federal Reserve Bank of St. Louis 9,061 — 9,061 — Loans receivable, net 3,571,078 — — 3,393,791 Accrued interest receivable 18,871 — 18,871 — Financial liabilities Deposits 3,725,540 2,661,479 — 1,053,650 Advances from FHLB 133,514 — 131,821 — Accrued interest payable 4,723 — 4,723 — Subordinated debt 23,105 — — 20,318 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 Securities sold under agreements to repurchase — — — — Advances from FHLB 37,957 — 35,916 — Note payable — — — — 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 — — — —

Significant Estimates

Significant Estimates	12 Months Ended
Significant Estimates	Jun. 30, 2023
Significant Estimates.
Significant Estimates	NOTE 16: Significant Estimates Accounting principles generally accepted in the United States of America require disclosure of certain significant estimates and current vulnerabilities due to certain concentrations. Estimates related to the allowance for loan losses are described in Note 1.

Condensed Parent Company Only F

Condensed Parent Company Only Financial Statements	12 Months Ended
Condensed Parent Company Only Financial Statements	Jun. 30, 2023
Condensed Parent Company Only Financial Statements
Condensed Parent Company Only Financial Statements	NOTE 17: Condensed Parent Company Only Financial Statements The following condensed balance sheets, statements of income and comprehensive income and cash flows for Southern Missouri Bancorp, Inc. should be read in conjunction with the consolidated financial statements and the notes thereto: June 30, (dollars in thousands) 2023 2022 Condensed Balance Sheets Assets Cash and cash equivalents $ 13,442 $ 8,964 Other assets 52,178 28,691 Investment in common stock of Bank 404,247 306,549 TOTAL ASSETS $ 469,867 $ 344,204 Liabilities and Stockholders' Equity Accrued expenses and other liabilities $ 704 $ 377 Subordinated debt 23,105 23,055 TOTAL LIABILITIES 23,809 23,432 Stockholders' equity 446,058 320,772 TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 469,867 $ 344,204 Year ended June 30, (dollars in thousands) 2023 2022 2021 Condensed Statements of Income Interest income $ 32 $ 14 $ 13 Interest expense 1,439 686 534 Net interest expense (1,407) (672) (521) Dividends from Bank 48,000 31,000 12,000 Operating expenses 3,041 1,124 599 Income before income taxes and equity in undistributed income of the Bank 43,552 29,204 10,880 Income tax benefit 552 321 235 Income before equity in undistributed income of the Bank 44,104 29,525 11,115 Equity in undistributed income of the Bank (4,867) 17,644 36,065 NET INCOME $ 39,237 $ 47,169 $ 47,180 COMPREHENSIVE INCOME $ 34,799 $ 26,800 $ 45,615 Year ended June 30, (dollars in thousands) 2023 2022 2021 Condensed Statements of Cash Flow Cash Flows from operating activities: Net income $ 39,237 $ 47,169 $ 47,180 Changes in: Equity in undistributed income of the Bank 4,867 (17,644) (36,065) Other adjustments, net 388 (698) (559) NET CASH PROVIDED BY OPERATING ACTIVITES 44,492 28,827 10,556 Investments in Bank subsidiaries (31,382) (8,024) — NET CASH USED IN INVESTING ACTIVITIES (31,382) (8,024) — Cash flows from financing activities: Dividends on common stock (8,632) (7,194) (5,598) Payments to acquire treasury stock — (5,838) (8,341) NET CASH USED IN FINANCING ACTIVITIES (8,632) (13,032) (13,939) Net increase (decrease) in cash and cash equivalents 4,478 7,771 (3,383) Cash and cash equivalents at beginning of year 8,964 1,193 4,576 CASH AND CASH EQUIVALENTS AT END OF YEAR $ 13,442 $ 8,964 $ 1,193

Quarterly Financial Data (Unaud

Quarterly Financial Data (Unaudited)	12 Months Ended
Quarterly Financial Data (Unaudited)	Jun. 30, 2023
Quarterly Financial Data (Unaudited)
Quarterly Financial Data (Unaudited)	NOTE 18: Quarterly Financial Data (Unaudited) Quarterly operating data is summarized as follows (in thousands): June 30, 2023 First Second Third Fourth (dollars in thousands) Quarter Quarter Quarter Quarter Interest income $ 34,996 $ 38,851 $ 48,286 $ 54,283 Interest expense 6,487 10,600 14,519 18,065 Net interest income 28,509 28,251 33,767 36,218 Provision for credit losses 5,056 1,138 10,072 795 Noninterest income 5,513 5,456 6,284 8,951 Noninterest expense 16,920 17,638 26,992 24,875 Income before income taxes 12,046 14,931 2,987 19,499 Income tax expense 2,442 3,267 578 3,939 NET INCOME $ 9,604 $ 11,664 $ 2,409 $ 15,560 Basic earnings per share $ 1.04 $ 1.26 $ 0.22 $ 1.37 Diluted earnings per share $ 1.04 $ 1.26 $ 0.22 $ 1.37 June 30, 2022 First Second Third Fourth (dollars in thousands) Quarter Quarter Quarter Quarter Interest income $ 28,860 $ 28,096 $ 28,339 $ 31,572 Interest expense 3,223 3,038 3,225 3,814 Net interest income 25,637 25,058 25,114 27,758 Provision for loan losses (305) — 1,552 240 Noninterest income 4,515 5,285 4,904 6,499 Noninterest expense 14,221 15,070 16,757 17,331 Income before income taxes 16,236 15,273 11,709 16,686 Income tax expense 3,487 3,288 2,358 3,602 NET INCOME $ 12,749 $ 11,985 $ 9,351 $ 13,084 Basic earnings per share $ 1.43 $ 1.35 $ 1.03 $ 1.41 Diluted earnings per share $ 1.43 $ 1.34 $ 1.03 $ 1.41 June 30, 2021 First Second Third Fourth (dollars in thousands) Quarter Quarter Quarter Quarter Interest income $ 26,972 $ 27,871 $ 27,100 $ 27,532 Interest expense 4,908 4,344 3,951 3,586 Net interest income 22,064 23,527 23,149 23,946 Provision for loan losses 1,000 1,000 (409) (2,615) Noninterest income 4,941 5,720 4,524 4,857 Noninterest expense 13,272 13,046 13,528 14,201 Income before income taxes 12,733 15,201 14,554 17,217 Income tax expense 2,747 3,153 3,096 3,529 NET INCOME $ 9,986 $ 12,048 $ 11,458 $ 13,688 Basic earnings per share $ 1.09 $ 1.33 $ 1.27 $ 1.53 Diluted earnings per share $ 1.09 $ 1.32 $ 1.27 $ 1.53

Organization and Summary of S_2

Organization and Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Jun. 30, 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.
Use of Estimates	Use of Estimates. On July 1, 2020, Financial Instruments – Credit Losses which created material changes to the existing critical accounting policy that existed at June 30, 2020 . Effective July 1, 2020 , the significant accounting policy which was considered to be the most critical in preparing the Company’s consolidated financial statements is the determination of the allowance for credit losses (“ACL”) on loans. Material estimates that are particularly susceptible to significant change relate to the determination of the allowance for credit losses, and estimated fair values of purchased loans.
Cash and Cash Equivalents	Cash and Cash Equivalents.
Interest-bearing Time Deposits	Interest-bearing Time Deposits.
Available for Sale Securities	Available for Sale Securities. Premiums and discounts on debt securities are amortized or accreted as adjustments to income over the estimated life of the security using the level yield method. Realized gains or losses on the sale of securities is based on the specific identification method. The fair value of securities is based on quoted market prices or dealer quotes. If a quoted market price is not available, fair value is estimated using quoted market prices for similar securities. The Company does not invest in collateralized mortgage obligations that are considered high risk. For AFS securities with fair value less than amortized cost that management has no intent to sell and believes that it more likely than not will not be required to sell prior to recovery, only the credit loss component of the impairment is recognized in earnings, while the noncredit loss is recognized in accumulated other comprehensive income (loss). The credit loss component recognized in earnings is identified as the amount of principal cash flows not expected to be received over the remaining term of the security as projected based on cash flow projections, and is recorded to the ACL, by a charge to provision for credit losses. Accrued interest receivable is excluded from the estimate of credit losses. Both the ACL and the adjustment to net income may be reversed if conditions change. However, if the Company intends to sell an impaired AFS security, or, if it is more likely than not the Company will be required to sell such a security before recovering its amortized cost basis, the entire impairment amount would be recognized in earnings with a corresponding adjustment to the security’s amortized cost basis. Because the security’s amortized cost basis is adjusted to fair value, there is no ACL in this situation. 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 June 30, 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. Interest on loans is accrued based upon the principal amount outstanding. The accrual of interest on loans is discontinued when, in management’s judgment, the collectability of interest or principal in the normal course of business is doubtful. The Company complies with regulatory guidance which indicates that loans should be placed in nonaccrual status when 90 days past due, unless the loan is both well-secured and in the process of collection. A loan that is “in the process of collection” may be subject to legal action or, in appropriate circumstances, through other collection efforts reasonably expected to result in repayment or restoration to current status in the near future. A loan is considered delinquent when a payment has not been made by the contractual due date. Interest income previously accrued but not collected at the date a loan is placed on nonaccrual status is reversed against interest income. Cash receipts on a nonaccrual loan are applied to principal and interest in accordance with its contractual terms unless full payment of principal is not expected, in which case cash receipts, whether designated as principal or interest, are applied as a reduction of the carrying value of the loan. A nonaccrual loan is generally returned to accrual status when principal and interest payments are current, full collectability of principal and interest is reasonably assured, and a consistent record of performance has been demonstrated. The ACL is a valuation account that is deducted from the loans’ amortized cost basis to present the net amount expected to be collected on the loans, and is established through provision for credit losses charged to current earnings. The ACL is increased by the provision for losses on loans charged to expense and reduced by loans charged off, net of recoveries. Loans are charged off in the period deemed uncollectible, based on management’s analysis of expected cash flows (for non-collateral dependent loans) or collateral value (for collateral-dependent loans). Subsequent recoveries of loans previously charged off, if any, are credited to the allowance when received. Management estimates the ACL using relevant available information, from internal and external sources, relating to past events, current conditions, and reasonable and supportable forecasts. Adjustments may be made to historical loss information for differences identified in current loan-specific risk characteristics, such as differences in underwriting standards or terms; lending review systems; experience, ability, or depth of lending management and staff; portfolio growth and mix; delinquency levels and trends; as well as for changes in environmental conditions, such as changes in economic activity or employment, agricultural economic conditions, property values, or other relevant factors. The Company generally incorporates a reasonable and supportable forecast period of four quarters, and a four-quarter, straight-line reversion period to return to long-term historical averages. The ACL is measured on a collective (pool) basis when similar risk characteristics exist. For loans that do not share general risk characteristics with the collectively evaluated pools, the Company estimates credit losses on an individual loan basis, and these loans are excluded from the collectively evaluated pools. An ACL for an individually evaluated loan is recorded when the amortized cost basis of the loan exceeds the discounted estimated cash flows using the loan’s initial effective interest rate or the fair value, less estimated costs to sell, of the collateral for certain collateral dependent loans. For the collectively evaluated pools, the Company segments the loan portfolio primarily by loan purpose and collateral into 24 pools, which are homogeneous groups of loans that possess similar loss potential characteristics. The Company primarily utilizes the discounted cash flow (“DCF”) methodology for measurement of the required ACL. For a limited number of pools with a relatively small balance of unpaid principal balance, the Company utilized 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 a regression 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 as an event of charge off, an adverse (substandard or worse) internal credit rating, becoming delinquent 90 days or more, or being placed on nonaccrual status. A PD/LGD estimate is applied to a projected model of the loan’s cashflow, including principal and interest payments, with consideration for prepayment speeds, principal curtailments, and recovery lag. Subsequent to the July 1, 2020, adoption of ASU 2016-13, loans acquired in a business combination that have experienced more-than-insignificant deterioration in credit quality since origination are considered purchased credit deteriorated (“PCD”) loans. At the acquisition date, an estimate of expected credit losses is made for groups of PCD loans with similar risk characteristics and individual PCD loans without similar risk characteristics. This initial ACL is allocated to individual PCD loans and added to the purchase price or acquisition date fair values to establish the initial amortized cost basis of the PCD loans. As the initial ACL is added to the purchase price, there is no credit loss expense recognized upon acquisition of a PCD loan. Any difference between the unpaid principal balance of PCD loans and the amortized cost basis is considered to relate to non-credit factors and results in a discount or premium. Discounts and premiums are recognized through interest income on a level-yield method over the life of the loans. Upon adoption of ASU 2016-13, the amortized cost basis of the PCD assets were adjusted to reflect the addition of $434,000 to the ACL. The remaining noncredit discount, based on the adjusted amortized cost basis, will be accreted into interest income at the effective interest rate as of July 1, 2020. Loan fees and certain direct loan origination costs are deferred, and the net fee or cost is recognized as an adjustment to interest income using the interest method over the contractual life of the loans.
Off-Balance Sheet Credit Exposures	Off-Balance Sheet Credit Exposures.
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 method 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 the management’s judgment. Deferred tax assets are reduced by a valuation allowance if, based on the weight of evidence available, it is more likely than not that some portion or all of a deferred tax asset will not be realized. The Company recognizes interest and penalties on income taxes as a component of income tax expense. The Company files consolidated income tax returns with its subsidiaries, the Bank and SB Real Estate Investments, LLC, with a tax year ended June 30. Southern Bank Real Estate Investments, LLC files a separate REIT return for federal tax purposes, and also files state income tax returns with a tax year ended December 31.
Incentive Plans	Incentive Plans. 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.
Non-Employee Directors' Retirement	Non-Employee 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. C
Earnings Per Share	Earnings Per Share.
Comprehensive Income	Comprehensive Income.
Transfers Between Fair Value Hierarchy Levels	Transfers Between Fair Value Hierarchy Levels.
Wealth Management Assets and Fees	Wealth Management Assets and Fees
New Accounting Pronouncements	The following paragraphs summarize the impact of new accounting pronouncements: In June 2016, the FASB issued ASU 2016-13, Financial Instruments – Credit Losses (Topic 326), which the Company adopted July 1, 2020. The Update amended guidance on reporting credit losses for financial assets held at amortized cost basis and available for sale debt securities. For financial assets held at amortized cost basis, Topic 326 eliminated the probable initial recognition threshold in current GAAP and, instead, requires an entity to reflect its current estimate of all expected credit losses. The Update affects loans, debt securities, trade receivables, net investments in leases, off balance sheet credit exposures, and any other financial assets not excluded from the scope that have the contractual right to receive cash. Adoption was applied on a modified retrospective basis, through a cumulative-effect adjustment to retained earnings. Adoption resulted in an increase to the ACL of $8.9 million, related to the transition from the incurred loss model to the CECL ACL model, and an increase of $434,000 related to the transition from PCI to PCD methodology, relative to the ALLL as of June 30, 2020. The Company also recorded an adjustment to the reserve for unfunded commitments recorded in other liabilities of $268,000. The impact at adoption was reflected as an adjustment to beginning retained earnings, net of income taxes, in the amount of $7.2 million. In accordance with the new standard, management did not reassess whether PCI assets met the criteria of PCD assets as of the date of adoption. The adoption of ASU 2016-13 in fiscal 2021 could also impact the Company’s future earnings, perhaps materially. The following table illustrates the impact of adoption of ASU 2016-13: July 1, 2020 As reported As reported Impact of under prior to adoption (dollars in thousands) ASU 2016-13 ASU 2016-13 ASU 2016-13 Loans receivable $ 2,142,363 $ 2,141,929 $ 434 Allowance for credit losses on loans: Real Estate Loans: Residential 8,396 4,875 3,521 Construction 1,889 2,010 (121) Commercial 15,988 12,132 3,856 Consumer loans 2,247 1,182 1,065 Commercial loans 5,952 4,940 1,012 Total allowance for credit losses on loans $ 34,472 $ 25,139 $ 9,333 Total allowance for credit losses on off-balance sheet credit exposures $ 2,227 $ 1,959 $ 268 The above table includes the impact of ASU 2016-13 adoption for PCD assets previously classified as PCI. The change in the ACL includes $434,000 attributable to residential and commercial real estate loans, and the amortized cost basis of loans receivable was increased for those loans by that total amount. In March 2020, the CARES Act was signed into law, creating a forbearance program for federally backed mortgage loans, protects borrowers from negative credit reporting due to loan accommodations related to the National Emergency, and provides financial institutions the option to temporarily suspend certain requirements under U.S. GAAP related to troubled debt restructurings (TDR) for a limited period of time to account for the effects of COVID-19. The Company 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 have been 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 is evaluating the impact of this ASU but does not expect it 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 clarified 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 amended 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 is evaluating the impact of this ASU but does not expect it to have a material impact on the Company’s consolidated financial statements. In March 2022, the FASB issued ASU No. 2022-02, “Financial Instruments – Credit Losses (Topic 326), Troubled Debt Restructurings and Vintage Disclosures.” ASU 2022-02 eliminates the accounting guidance for TDRs in ASC 310-40, “Receivables – Troubled Debt Restructurings by Creditors” for entities that have adopted the CECL model introduced by ASU 2016-13, “Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments.” ASU 2022-02 also requires that public business entities disclose current-period gross charge offs by year of origination for financing receivables and net investments in leases within the scope of Subtopic 326-20, “Financial Instruments – Credit Losses – Measured at Amortized Cost.” ASU 2022-02 is effective for fiscal years beginning after December 15, 2022, for entities that have adopted the amendments in ASU 2016-13, and the Company does not expect the ASU to have a material impact on its 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 Company does not expect adoption of ASU 2023-02 to have a material impact on its consolidated financial statements.
Significant Estimates	Accounting principles generally accepted in the United States of America require disclosure of certain significant estimates and current vulnerabilities due to certain concentrations. Estimates related to the allowance for loan losses are described in Note 1.

Organization and Summary of S_3

Organization and Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Jun. 30, 2023
Organization and Summary of Significant Accounting Policies
Schedule of Adoption of ASU 2016-13	July 1, 2020 As reported As reported Impact of under prior to adoption (dollars in thousands) ASU 2016-13 ASU 2016-13 ASU 2016-13 Loans receivable $ 2,142,363 $ 2,141,929 $ 434 Allowance for credit losses on loans: Real Estate Loans: Residential 8,396 4,875 3,521 Construction 1,889 2,010 (121) Commercial 15,988 12,132 3,856 Consumer loans 2,247 1,182 1,065 Commercial loans 5,952 4,940 1,012 Total allowance for credit losses on loans $ 34,472 $ 25,139 $ 9,333 Total allowance for credit losses on off-balance sheet credit exposures $ 2,227 $ 1,959 $ 268

Available for Sale Securities (

Available for Sale Securities (Tables)	12 Months Ended
Available for Sale Securities (Tables)	Jun. 30, 2023
Available for Sale Securities
Schedule of Available for Sale Securities	June 30, 2023 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 $ 45,285 $ 20 $ (2,737) $ — $ 42,568 Corporate obligations 35,700 19 (3,181) — 32,538 Asset backed securities 67,897 1,274 (545) — 68,626 Other securities 3,587 39 (56) — 3,570 Total debt and equity securities 152,469 1,352 (6,519) — 147,302 Mortgage-backed securities (MBS) and collateralized mortgage obligations (CMOs): Residential MBS issued by governmental sponsored enterprises (GSEs) 97,612 122 (7,610) — 90,124 Commercial MBS issued by GSEs 60,333 11 (6,959) — 53,385 CMOs issued by GSEs 135,202 9 (8,468) — 126,743 Total MBS and CMOs 293,147 142 (23,037) — 270,252 Total AFS securities $ 445,616 $ 1,494 $ (29,556) $ — $ 417,554 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	June 30, 2023 Amortized Estimated (dollars in thousands) Cost Fair Value Within one year $ 3,233 $ 3,221 After one year but less than five years 24,395 23,380 After five years but less than ten years 59,286 56,089 After ten years 65,555 64,612 Total investment securities 152,469 147,302 MBS and CMOs 293,147 270,252 Total AFS securities $ 445,616 $ 417,554
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	Less than 12 months 12 months or more Total Unrealized Unrealized Unrealized (dollars in thousands) Fair Value Losses Fair Value Losses Fair Value Losses For the year ended June 30, 2023 Obligations of state and political subdivisions $ 11,574 $ 184 $ 26,763 $ 2,553 $ 38,337 $ 2,737 Corporate obligations 14,709 1,074 13,821 2,107 28,530 3,181 Asset backed securities 22,628 263 698 282 23,326 545 Other securities 1,970 11 350 45 2,320 56 MBS and CMOs 87,354 1,525 145,673 21,512 233,027 23,037 Total AFS securities $ 138,235 $ 3,057 $ 187,305 $ 26,499 $ 325,540 $ 29,556 Less than 12 months 12 months or more Total Unrealized Unrealized Unrealized (dollars in thousands) Fair Value Losses Fair Value Losses Fair Value Losses For the year ended June 30, 2022 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)	12 Months Ended
Loans and Allowance for Credit Losses (Tables)	Jun. 30, 2023
Loans and Allowance for Credit Losses
Schedule of classes of loans	(dollars in thousands) June 30, 2023 June 30, 2022 Real Estate Loans: Residential $ 1,133,417 $ 904,160 Construction 550,052 258,072 Commercial 1,562,379 1,146,673 Consumer loans 133,515 92,996 Commercial loans 599,030 441,598 3,978,393 2,843,499 Loans in process (359,196) (123,656) Deferred loan fees, net (299) (453) Allowance for credit losses (47,820) (33,192) Total loans $ 3,571,078 $ 2,686,198
Schedule of 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	(dollars in thousands) Residential Construction Commercial June 30, 2023 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 6,655 432 5,605 334 1,105 14,131 Losses charged off (19) — (245) (327) (82) (673) Recoveries 1 — 12 28 8 49 Balance, end of period $ 15,641 $ 2,664 $ 22,838 $ 909 $ 5,768 $ 47,820 (dollars in thousands) Residential Construction Commercial June 30, 2022 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 Impact of CECL adoption 23 4 52 — 41 120 Provision (benefit) charged to expense (2,238) 46 2,251 (205) 80 (66) Losses charged off (72) — — (65) (16) (153) Recoveries 3 — — 64 2 69 Balance, end of period $ 8,908 $ 2,220 $ 16,838 $ 710 $ 4,516 $ 33,192 (dollars in thousands) Residential Construction Commercial June 30, 2021 Real Estate Real Estate Real Estate Consumer Commercial Total Allowance for credit losses: Balance, beginning of period $ 4,875 $ 2,010 $ 12,132 $ 1,182 $ 4,940 $ 25,139 Impact of CECL adoption 3,521 (121) 3,856 1,065 1,012 9,333 Provision (benefit) charged to expense 2,973 281 (1,364) (1,232) (1,260) (602) Losses charged off (180) — (90) (146) (318) (734) Recoveries 3 — 1 47 35 86 Balance, end of period $ 11,192 $ 2,170 $ 14,535 $ 916 $ 4,409 $ 33,222
Schedule of Allowance for off-balance credit exposure	(dollars in thousands) Residential Construction Commercial June 30, 2023 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 charged to expense 13 2,631 54 12 220 2,930 Balance, end of period $ 71 $ 4,809 $ 475 $ 73 $ 860 $ 6,288 (dollars in thousands) Residential Construction Commercial June 30, 2022 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 21 1,676 233 (157) (220) 1,553 Balance, end of period $ 58 $ 2,178 $ 421 $ 61 $ 640 $ 3,358 (dollars in thousands) Residential Construction Commercial June 30, 2021 Real Estate Real Estate Real Estate Consumer Commercial Total Allowance for off-balance sheet credit exposure: Balance, beginning of period $ 19 $ 769 $ 172 $ 153 $ 846 $ 1,959 Impact of CECL adoption 35 (167) 95 197 108 268 Provision (benefit) charged to expense (17) (100) (79) (132) (94) (422) Balance, end of period $ 37 $ 502 $ 188 $ 218 $ 860 $ 1,805
Schedule of credit risk profile of the Company's loan portfolio based on rating category and payment activity	(dollars in thousands) Revolving June 30, 2023 2022 2021 2020 2019 Prior loans Total Residential Real Estate Pass $ 328,142 $ 312,853 $ 252,077 $ 103,735 $ 25,651 $ 96,035 $ 9,100 $ 1,127,593 Watch 1,214 1,136 616 108 198 27 5 3,304 Special Mention — — — — — — — — Substandard 837 316 510 — — 857 — 2,520 Doubtful — — — — — — — — Total Residential Real Estate $ 330,193 $ 314,305 $ 253,203 $ 103,843 $ 25,849 $ 96,919 $ 9,105 $ 1,133,417 Construction Real Estate Pass $ 124,479 $ 50,011 $ 10,946 $ 3,190 $ — $ — $ 941 $ 189,567 Watch 280 — — — — — — 280 Special Mention — — — — — — — — Substandard 330 679 — — — — — 1,009 Doubtful — — — — — — — — Total Construction Real Estate $ 125,089 $ 50,690 $ 10,946 $ 3,190 $ — $ — $ 941 $ 190,856 Commercial Real Estate Pass $ 462,643 $ 474,140 $ 279,921 $ 89,272 $ 74,653 $ 83,871 $ 37,443 $ 1,501,943 Watch 8,122 5,382 163 3,879 — 117 — 17,663 Special Mention 2,940 — — — — — — 2,940 Substandard 7,690 26,465 2,425 288 473 1,735 757 39,833 Doubtful — — — — — — — — Total Commercial Real Estate $ 481,395 $ 505,987 $ 282,509 $ 93,439 $ 75,126 $ 85,723 $ 38,200 $ 1,562,379 Consumer Pass $ 36,003 $ 14,530 $ 5,446 $ 1,692 $ 717 $ 1,379 $ 73,225 $ 132,992 Watch 71 — 62 — — — — 133 Special Mention — — — — — — — — Substandard 33 2 1 — — 41 313 390 Doubtful — — — — — — — — Total Consumer $ 36,107 $ 14,532 $ 5,509 $ 1,692 $ 717 $ 1,420 $ 73,538 $ 133,515 Commercial Pass $ 138,500 $ 83,011 $ 71,054 $ 10,723 $ 6,239 $ 10,657 $ 272,710 $ 592,894 Watch 698 211 91 3 — — 2,549 3,552 Special Mention — — — — — — — — Substandard 860 329 128 184 175 574 334 2,584 Doubtful — — — — — — — — Total Commercial $ 140,058 $ 83,551 $ 71,273 $ 10,910 $ 6,414 $ 11,231 $ 275,593 $ 599,030 Total Loans Pass $ 1,089,767 $ 934,545 $ 619,444 $ 208,612 $ 107,260 $ 191,942 $ 393,419 $ 3,544,989 Watch 10,385 6,729 932 3,990 198 144 2,554 24,932 Special Mention 2,940 — — — — — — 2,940 Substandard 9,750 27,791 3,064 472 648 3,207 1,404 46,336 Doubtful — — — — — — — — Total $ 1,112,842 $ 969,065 $ 623,440 $ 213,074 $ 108,106 $ 195,293 $ 397,377 $ 3,619,197 (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	Greater Than Greater Than 90 30-59 Days 60-89 Days 90 Days Total Total Loans Days Past Due (dollars in thousands) Past Due Past Due Past Due Past Due Current Receivable and Accruing June 30, 2023 Real Estate Loans: Residential $ 1,984 $ 401 $ 483 $ 2,868 $ 1,130,549 $ 1,133,417 $ 109 Construction 443 311 698 1,452 189,404 190,856 — Commercial 616 1,854 1,580 4,050 1,558,329 1,562,379 — Consumer loans 456 124 212 792 132,723 133,515 — Commercial loans 713 77 789 1,579 597,451 599,030 — Total loans $ 4,212 $ 2,767 $ 3,762 $ 10,741 $ 3,608,456 $ 3,619,197 $ 109 Greater Than Greater Than 90 30-59 Days 60-89 Days 90 Days Total Total Loans Days Past Due (dollars in thousands) Past Due Past Due Past Due Past Due Current Receivable and Accruing June 30, 2022 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	Amortized cost basis of (dollars in thousands) loans determined to be Related allowance June 30, 2023 collateral dependent for credit losses Residential real estate loans 1- to 4-family residential loans $ 6,376 $ 901 Total loans $ 6,376 $ 901 Amortized cost basis of (dollars in thousands) loans determined to be Related allowance June 30, 2022 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) June 30, 2023 June 30, 2022 Residential real estate $ 934 $ 1,647 Construction real estate 698 — Commercial real estate 4,564 2,259 Consumer loans 256 73 Commercial loans 1,091 139 Total loans $ 7,543 $ 4,118
Performing loans classified as TDRs and outstanding , segregated by class	June 30, 2023 June 30, 2022 Number of Recorded Number of Recorded (dollars in thousands) modifications Investment modifications Investment Residential real estate 10 $ 3,438 11 $ 3,625 Construction real estate — — — — Commercial real estate 6 24,017 8 25,132 Consumer loans — — — — Commercial loans 6 2,310 8 1,849 Total 22 $ 29,765 27 $ 30,606
Schedule of loans to executive officers, directors, significant shareholders and their affiliates held by the Company	June 30, (dollars in thousands) 2023 2022 Beginning Balance $ 10,614 $ 10,624 Additions 6,374 6,393 Repayments (7,223) (6,403) Change in related party 782 — Ending Balance $ 10,547 $ 10,614

Premises and Equipment (Tables)

Premises and Equipment (Tables)	12 Months Ended
Premises and Equipment (Tables)	Jun. 30, 2023
Premises and Equipment
Schedule of summary of premises and equipment	(dollars in thousands) June 30, 2023 June 30, 2022 Land $ 15,415 $ 13,532 Buildings and improvements 79,661 64,730 Construction in progress 450 142 Furniture, fixtures, equipment and software 26,404 20,838 Automobiles 122 120 Operating leases ROU asset 6,125 3,849 128,177 103,211 Less accumulated depreciation 35,780 31,864 $ 92,397 $ 71,347
Schedule of calculated amount of right of use assets and lease liabilities	At or for the Twelve Months Ended June 30, (dollars in thousands) 2023 2022 Consolidated Balance Sheet Operating leases right of use asset $ 6,125 $ 3,849 Operating leases liability $ 6,125 $ 3,849 Consolidated Statement of Income Operating lease costs classified as occupancy and equipment expense $ 720 $ 451 (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 $ 524 $ 382 ROU assets obtained in exchange for operating lease obligations: $ — $ —
Schedule of Future Minimum Rental Payments for Operating Leases	(dollars in thousands) 2024 $ 721 2025 711 2026 707 2027 694 2028 623 Thereafter 7,359 Future lease payments expected $ 10,815

Deposits (Tables)

Deposits (Tables)	12 Months Ended
Deposits (Tables)	Jun. 30, 2023
Deposits
Schedule of deposits	(dollars in thousands) June 30, 2023 June 30, 2022 Non-interest bearing accounts $ 597,600 $ 426,929 NOW accounts 1,328,423 1,171,620 Money market deposit accounts 452,728 303,612 Savings accounts 282,753 274,283 TOTAL NON-MATURITY DEPOSITS 2,661,504 2,176,444 Certificates 0.00-0.99% 92,533 408,479 1.00-1.99% 109,564 171,997 2.00-2.99% 186,538 51,692 3.00-3.99% 109,780 6,298 4.00-4.99% 472,546 165 5.00-5.99% 93,057 — 6.00% and above 18 — TOTAL CERTIFICATES 1,064,036 638,631 TOTAL DEPOSITS $ 3,725,540 $ 2,815,075
Schedule of Certificate maturities	(dollars in thousands) July 1, 2023 to June 30, 2024 $ 690,500 July 1, 2024 to June 30, 2025 208,578 July 1, 2025 to June 30, 2026 69,336 July 1, 2026 to June 30, 2027 49,439 July 1, 2027 to June 30, 2028 46,083 Thereafter 100 TOTAL $ 1,064,036

Advances from Federal Home Lo_2

Advances from Federal Home Loan Bank (Tables)	12 Months Ended
Advances from Federal Home Loan Bank (Tables)	Jun. 30, 2023
Advances from Federal Home Loan Bank
Schedule of Advances from Federal Home Loan Bank	Interest June 30, Maturity Rate 2023 2022 (dollars in thousands) 08/15/22 1.89 % $ — $ 3,000 11/16/22 0.51 % — 1,994 03/06/23 0.99 % — 3,000 07/24/23 0.59 % 998 987 11/15/23 0.57 % 993 980 03/06/24 0.95 % 3,000 3,000 03/28/24 2.56 % 8,000 8,000 07/24/24 0.66 % 1,966 1,940 08/13/24 1.88 % 3,000 3,000 02/21/25 1.53 % — 5,000 03/06/25 1.01 % 3,000 3,000 07/15/25 0.77 % 1,939 1,913 07/22/26 1.10 % 1,929 1,909 12/14/26 2.65 % 189 234 04/20/26 4.39 % 5,000 — 06/22/26 4.55 % 5,000 — 06/26/26 4.49 % 5,000 — 04/12/27 4.04 % 5,000 — 04/27/27 4.07 % 5,000 — 05/03/27 3.95 % 5,000 — 05/12/27 3.86 % 5,000 — 06/22/27 4.38 % 5,000 — 06/25/27 4.34 % 5,000 — 03/23/28 3.85 % 10,000 — 03/24/28 3.93 % 10,000 — 06/22/28 4.21 % 5,000 — 06/26/28 4.18 % 5,000 — Overnight 5.35 % 33,500 — TOTAL $ 133,514 $ 37,957 Weighted-average rate 3.95 % 1.47 %
Schedule of Principal Maturities of Federal Home Loan Bank	June 30, 2023 FHLB Advance Maturities (dollars in thousands) July 1, 2023 to June 30, 2024 $ 46,491 July 1, 2024 to June 30, 2025 7,966 July 1, 2025 to June 30, 2026 1,939 July 1, 2026 to June 30, 2027 47,118 July 1, 2027 to June 30, 2028 30,000 TOTAL $ 133,514

Employee Benefits (Tables)

Employee Benefits (Tables)	12 Months Ended
Employee Benefits (Tables)	Jun. 30, 2023
Employee Benefits
Schedule of changes in options outstanding under the 2003 Plan and the 2017 Plan	2023 2022 2021 Weighted Weighted Weighted Average Average Average Price Number Price Number Price Number Outstanding at beginning of year $ 36.56 104,000 $ 33.77 89,500 $ 33.22 60,500 Granted 38.58 44,000 53.82 14,500 34.91 29,000 Exercised — — — — — — Forfeited — — — — — — Outstanding at year-end $ 39.63 148,000 $ 36.56 104,000 $ 33.77 89,500 Options exercisable at year-end $ 33.89 63,700 $ 31.92 44,900 $ 29.79 29,000
Schedule of values of options granted	2023 2022 2021 Assumptions: Expected dividend yield 1.79 % 1.49 % 1.83 % Expected volatility 29.67 % 28.02 % 27.72 % Risk-free interest rate 3.79 % 1.82 % 1.14 % Weighted-average expected life (years) 10.00 10.00 10.00 Weighted-average fair value of options granted during the year $ 16.68 $ 16.38 $ 9.19
Schedule of stock options under the 2003 Plan and 2017 Plan	Weighted Options Outstanding Options Exercisable Average Weighted Weighted Remaining Average Average Contractual Number Exercise Number Exercise Life Outstanding Price Exercisable Price 14 mo. 10,000 $ 17.55 10,000 $ 17.55 55 mo. 13,500 37.31 13,500 37.31 66 mo. 17,500 34.35 14,000 34.35 80 mo. 19,500 37.40 11,700 37.40 91 mo. 29,000 34.91 11,600 34.91 103 mo. 14,500 53.82 2,900 53.82 109 mo. 7,500 46.59 — 46.59 116 mo. 36,500 46.94 — 46.94

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
Income Taxes (Tables)	Jun. 30, 2023
Income Taxes
Schedule of components of net deferred tax assets	(dollars in thousands) June 30, 2023 June 30, 2022 Deferred tax assets: Provision for losses on loans $ 12,101 $ 7,761 Accrued compensation and benefits 974 828 NOL carry forwards acquired 709 57 Low income tax credit carry forward 1,192 — Unrealized loss on other real estate 818 72 Unrealized loss on available for sale securities 6,174 4,921 Total deferred tax assets 21,968 13,639 Deferred tax liabilities: Purchase accounting adjustments 2,348 224 Depreciation 4,276 1,974 FHLB stock dividends 120 120 Prepaid expenses 728 415 Other 1,636 181 Total deferred tax liabilities 9,108 2,914 Net deferred tax asset $ 12,860 $ 10,725
Schedule of reconciliation of income tax expense at the statutory rate	For the year ended June 30 (dollars in thousands) 2023 2022 2021 Tax at statutory rate $ 10,387 $ 12,580 $ 12,538 Increase (reduction) in taxes resulting from: Nontaxable municipal income (327) (349) (453) State tax, net of Federal benefit 46 812 1,018 Cash surrender value of Bank-owned life insurance (318) (245) (378) Tax credit benefits (19) (45) (11) Other, net 457 (18) (189) Actual provision $ 10,226 $ 12,735 $ 12,525

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (AOCI) (Tables)	12 Months Ended
Accumulated Other Comprehensive Income (AOCI) (Tables)	Jun. 30, 2023
Accumulated Other Comprehensive Income (AOCI)
Schedule of components of AOCI	June 30, (dollars in thousands) 2023 2022 Net unrealized loss on securities available-for-sale $ (28,062) $ (22,366) Net unrealized gain on securities available-for-sale securities for which a portion of an other-than-temporary impairment has been recognized in income (1) (1) Unrealized gain from defined benefit pension plan (32) (37) (28,095) (22,404) Tax effect 6,170 4,917 Net of tax amount $ (21,925) $ (17,487)
Schedule of reclassified from AOCI	Amounts Reclassified From AOCI (dollars in thousands) Affected Line Item in the Condensed 2023 2022 Consolidated Statements of Income Amortization of defined benefit pension items $ 5 $ (11) Compensation and benefits (included in computation of net periodic pension costs) Total reclassified amount before tax 5 (11) Tax benefit 1 (2) Provision for income tax Total reclassification out of AOCI $ 4 $ (9) Net Income

Stockholders' Equity and Regu_2

Stockholders' Equity and Regulatory Capital (Tables)	12 Months Ended
Stockholders' Equity and Regulatory Capital (Tables)	Jun. 30, 2023
Stockholders' Equity and Regulatory Capital
Schedule of company and Bank's actual and required regulatory capital	To Be Well Capitalized Under Prompt Corrective Action Actual For Capital Adequacy Purposes Provisions As of June 30, 2023 Amount Ratio Amount Ratio Amount Ratio (dollars in thousands) Total Capital (to Risk-Weighted Assets) Consolidated $ 481,236 12.52 % $ 307,528 8.00 % $ n/a n/a Southern Bank 454,699 11.77 % 308,932 8.00 % 386,166 10.00 % Tier I Capital (to Risk-Weighted Assets) Consolidated 426,644 11.10 % 230,646 6.00 % n/a n/a Southern Bank 407,764 10.56 % 231,699 6.00 % 308,932 8.00 % Tier I Capital (to Average Assets) Consolidated 426,644 9.95 % 171,470 4.00 % n/a n/a Southern Bank 407,764 9.54 % 170,942 4.00 % 213,677 5.00 % Common Equity Tier I Capital (to Risk-Weighted Assets) Consolidated 411,196 10.70 % 172,985 4.50 % n/a n/a Southern Bank 407,764 10.56 % 173,774 4.50 % 251,008 6.50 % To Be Well Capitalized Under Prompt Corrective Action Actual For Capital Adequacy Purposes Provisions As of June 30, 2022 Amount Ratio Amount Ratio Amount Ratio (dollars in thousands) Total Capital (to Risk-Weighted Assets) Consolidated $ 370,013 13.42 % $ 220,558 8.00 % $ n/a n/a Southern Bank 352,169 12.90 % 218,397 8.00 % 272,996 10.00 % Tier I Capital (to Risk-Weighted Assets) Consolidated 335,316 12.16 % 165,418 6.00 % n/a n/a Southern Bank 325,183 11.91 % 163,797 6.00 % 218,397 8.00 % Tier I Capital (to Average Assets) Consolidated 335,316 10.41 % 128,822 4.00 % n/a n/a Southern Bank 325,183 10.22 % 127,333 4.00 % 159,167 5.00 % Common Equity Tier I Capital (to Risk-Weighted Assets) Consolidated 319,971 11.61 % 124,064 4.50 % n/a n/a Southern Bank 325,183 11.91 % 122,848 4.50 % 177,447 6.50 %

Earnings Per Share (Tables)

Earnings Per Share (Tables)	12 Months Ended
Earnings Per Share (Tables)	Jun. 30, 2023
Earnings Per Share
Schedule of Earnings Per Share, Basic and Diluted	June 30, (dollars in thousands except per share data) 2023 2022 2021 Net income $ 39,237 $ 47,169 $ 47,180 Less: distributed earnings allocated to participating securities (42) (30) (18) Less: undistributed earnings allocated to participating securities (150) (165) (135) Net income available to common shareholders $ 39,045 $ 46,974 $ 47,027 Denominator for basic earnings per share - Weighted-average shares outstanding 10,124,766 8,994,022 9,007,814 Effect of dilutive securities stock options or awards 17,033 17,122 2,923 Denominator for diluted earnings per share 10,141,799 9,011,144 9,010,737 Basic earnings per share available to common stockholders $ 3.86 $ 5.22 $ 5.22 Diluted earnings per share available to common stockholders $ 3.85 $ 5.21 $ 5.22

Business Combinations (Tables)

Business Combinations (Tables)	12 Months Ended
Business Combinations (Tables)	Jun. 30, 2023
Citizens
Schedule of Purchase price	Citizens Bancshares Company Fair Value of Consideration Transferred (dollars in thousands) Cash $ 34,889 Common stock, at fair value 98,280 Total consideration $ 133,169 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 9,366 Deposits (851,140) Securities sold under agreements to repurchase (27,629) Miscellaneous other liabilities (7,784) Total identifiable net assets 109,685 Goodwill $ 23,484
Schedule of unaudited pro forma	Pro Forma For the twelve months ended June 30, (dollars in thousands) 2023 2022 Revenue $ 183,878 $ 166,101 Earnings $ 51,156 $ 56,856
Fortune
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 received $ (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

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	12 Months Ended
Fair Value Measurements (Tables)	Jun. 30, 2023
Fair Value Measurements
Fair Value, Assets Measured on Recurring Basis	Fair Value Measurements at June 30, 2023, 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 $ 42,568 $ — $ 42,568 $ — Corporate obligations 32,538 — 32,538 — Asset backed securities 68,626 — 68,626 — Other securities 3,570 — 3,570 — MBS and CMOs 270,252 — 270,252 — 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 —
Fair Value Measurements, Nonrecurring	Fair Value Measurements at June 30, 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) Foreclosed and repossessed assets held for sale $ 1,472 $ — $ — $ 1,472 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) Foreclosed and repossessed assets held for sale $ — $ — $ — $ —
Losses Recognized on Assets Measured on a Nonrecurring Basis	(dollars in thousands) 2023 2022 Foreclosed and repossessed assets held for sale $ 60 $ (503) Total gains (losses) on assets measured on a non-recurring basis $ 60 $ (503)
Fair Value Option, Disclosures	Range Fair value at Valuation Unobservable of Weighted-average (dollars in thousands) June 30, 2023 technique inputs inputs applied inputs applied Nonrecurring Measurements Foreclosed and repossessed assets $ 1,472 Third party appraisal Marketability discount 14.9 - 14.9 % 14.9 %
Schedule of Financial Instruments	June 30, 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 $ 53,979 $ 53,979 $ — $ — Interest-bearing time deposits 1,242 — 1,242 — Stock in FHLB 11,540 — 11,540 — Stock in Federal Reserve Bank of St. Louis 9,061 — 9,061 — Loans receivable, net 3,571,078 — — 3,393,791 Accrued interest receivable 18,871 — 18,871 — Financial liabilities Deposits 3,725,540 2,661,479 — 1,053,650 Advances from FHLB 133,514 — 131,821 — Accrued interest payable 4,723 — 4,723 — Subordinated debt 23,105 — — 20,318 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 Securities sold under agreements to repurchase — — — — Advances from FHLB 37,957 — 35,916 — Note payable — — — — 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 — — — —

Condensed Parent Company Only_2

Condensed Parent Company Only Financial Statements (Tables)	12 Months Ended
Condensed Parent Company Only Financial Statements (Tables)	Jun. 30, 2023
Condensed Parent Company Only Financial Statements
Parent Company Condensed Balance Sheets	June 30, (dollars in thousands) 2023 2022 Condensed Balance Sheets Assets Cash and cash equivalents $ 13,442 $ 8,964 Other assets 52,178 28,691 Investment in common stock of Bank 404,247 306,549 TOTAL ASSETS $ 469,867 $ 344,204 Liabilities and Stockholders' Equity Accrued expenses and other liabilities $ 704 $ 377 Subordinated debt 23,105 23,055 TOTAL LIABILITIES 23,809 23,432 Stockholders' equity 446,058 320,772 TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 469,867 $ 344,204
Parent Company Condensed Statements of Income	Year ended June 30, (dollars in thousands) 2023 2022 2021 Condensed Statements of Income Interest income $ 32 $ 14 $ 13 Interest expense 1,439 686 534 Net interest expense (1,407) (672) (521) Dividends from Bank 48,000 31,000 12,000 Operating expenses 3,041 1,124 599 Income before income taxes and equity in undistributed income of the Bank 43,552 29,204 10,880 Income tax benefit 552 321 235 Income before equity in undistributed income of the Bank 44,104 29,525 11,115 Equity in undistributed income of the Bank (4,867) 17,644 36,065 NET INCOME $ 39,237 $ 47,169 $ 47,180 COMPREHENSIVE INCOME $ 34,799 $ 26,800 $ 45,615
Parent Company Condensed Statements of Cash Flows	Year ended June 30, (dollars in thousands) 2023 2022 2021 Condensed Statements of Cash Flow Cash Flows from operating activities: Net income $ 39,237 $ 47,169 $ 47,180 Changes in: Equity in undistributed income of the Bank 4,867 (17,644) (36,065) Other adjustments, net 388 (698) (559) NET CASH PROVIDED BY OPERATING ACTIVITES 44,492 28,827 10,556 Investments in Bank subsidiaries (31,382) (8,024) — NET CASH USED IN INVESTING ACTIVITIES (31,382) (8,024) — Cash flows from financing activities: Dividends on common stock (8,632) (7,194) (5,598) Payments to acquire treasury stock — (5,838) (8,341) NET CASH USED IN FINANCING ACTIVITIES (8,632) (13,032) (13,939) Net increase (decrease) in cash and cash equivalents 4,478 7,771 (3,383) Cash and cash equivalents at beginning of year 8,964 1,193 4,576 CASH AND CASH EQUIVALENTS AT END OF YEAR $ 13,442 $ 8,964 $ 1,193

Quarterly Financial Data (Una_2

Quarterly Financial Data (Unaudited) (Tables)	12 Months Ended
Quarterly Financial Data (Unaudited) (Tables)	Jun. 30, 2023
Quarterly Financial Data (Unaudited)
Schedule of Quarterly Financial Information	Quarterly operating data is summarized as follows (in thousands): June 30, 2023 First Second Third Fourth (dollars in thousands) Quarter Quarter Quarter Quarter Interest income $ 34,996 $ 38,851 $ 48,286 $ 54,283 Interest expense 6,487 10,600 14,519 18,065 Net interest income 28,509 28,251 33,767 36,218 Provision for credit losses 5,056 1,138 10,072 795 Noninterest income 5,513 5,456 6,284 8,951 Noninterest expense 16,920 17,638 26,992 24,875 Income before income taxes 12,046 14,931 2,987 19,499 Income tax expense 2,442 3,267 578 3,939 NET INCOME $ 9,604 $ 11,664 $ 2,409 $ 15,560 Basic earnings per share $ 1.04 $ 1.26 $ 0.22 $ 1.37 Diluted earnings per share $ 1.04 $ 1.26 $ 0.22 $ 1.37 June 30, 2022 First Second Third Fourth (dollars in thousands) Quarter Quarter Quarter Quarter Interest income $ 28,860 $ 28,096 $ 28,339 $ 31,572 Interest expense 3,223 3,038 3,225 3,814 Net interest income 25,637 25,058 25,114 27,758 Provision for loan losses (305) — 1,552 240 Noninterest income 4,515 5,285 4,904 6,499 Noninterest expense 14,221 15,070 16,757 17,331 Income before income taxes 16,236 15,273 11,709 16,686 Income tax expense 3,487 3,288 2,358 3,602 NET INCOME $ 12,749 $ 11,985 $ 9,351 $ 13,084 Basic earnings per share $ 1.43 $ 1.35 $ 1.03 $ 1.41 Diluted earnings per share $ 1.43 $ 1.34 $ 1.03 $ 1.41 June 30, 2021 First Second Third Fourth (dollars in thousands) Quarter Quarter Quarter Quarter Interest income $ 26,972 $ 27,871 $ 27,100 $ 27,532 Interest expense 4,908 4,344 3,951 3,586 Net interest income 22,064 23,527 23,149 23,946 Provision for loan losses 1,000 1,000 (409) (2,615) Noninterest income 4,941 5,720 4,524 4,857 Noninterest expense 13,272 13,046 13,528 14,201 Income before income taxes 12,733 15,201 14,554 17,217 Income tax expense 2,747 3,153 3,096 3,529 NET INCOME $ 9,986 $ 12,048 $ 11,458 $ 13,688 Basic earnings per share $ 1.09 $ 1.33 $ 1.27 $ 1.53 Diluted earnings per share $ 1.09 $ 1.32 $ 1.27 $ 1.53

Organization and Summary of S_4

Organization and Summary of Significant Accounting Policies - Organization (Details) $ in Billions	Jun. 30, 2023 USD ($)
Organization and Summary of Significant Accounting Policies
Assets of the REIT	$ 1.4

Organization and Summary of S_5

Organization and Summary of Significant Accounting Policies - Cash and Cash Equivalents (Details) - USD ($) $ in Millions	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Cash and Cash Equivalents [Line Items]
Term of interest bearing deposits	3 years
Interest-bearing deposits in other depository institutions
Cash and Cash Equivalents [Line Items]
Cash	$ 3.8	$ 47.3
Deposits are held in various commercial banks
Cash and Cash Equivalents [Line Items]
Cash	$ 1.3	$ 5.8

Organization and Summary of S_6

Organization and Summary of Significant Accounting Policies - Loans (Details)		12 Months Ended
	Jul. 01, 2020 USD ($)	Jun. 30, 2023 item	Jun. 30, 2020 USD ($)
Number of loan portfolio pools \| item		24
Impact of adoption ASU 2016-13
Increase to ACL			$ 8,900,000
Impact of adoption ASU 2016-13 \| Purchased credit deteriorated ("PCD") loans
Increase to ACL	$ 434,000

Organization and Summary of S_7

Organization and Summary of Significant Accounting Policies - Premises and Equipment (Details)	Jun. 30, 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_8

Organization and Summary of Significant Accounting Policies - Goodwill and Intangible Assets (Details) - USD ($) $ in Millions	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Finite-Lived Intangible Assets [Line Items]
Impairment loss on goodwill	$ 0
Core deposit intangible assets, amortization method	using the straight line method
Impairment of intangible assets	$ 0	$ 0
Core Deposits
Finite-Lived Intangible Assets [Line Items]
Intangible assets, gross	39.1	17
Intangibles assets, accumulated amortization	14	11.5
2024	4.1
2025	3.5
2026	3
2027	2.7
2028	2.7
Thereafter	11.5
Other identifiable intangibles
Finite-Lived Intangible Assets [Line Items]
Intangible assets, gross	6.4	3.8
Intangibles assets, accumulated amortization	3.9	3.8
Mortgage and SBA servicing rights
Finite-Lived Intangible Assets [Line Items]
Intangible assets, net	$ 2.9	$ 2.7
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

Organization and Summary of S_9

Organization and Summary of Significant Accounting Policies - Non-Employee Directors' Retirement (Details)	12 Months Ended
	Jun. 30, 2023
Organization and Summary of Significant Accounting Policies
Vesting period	5 years

Organization and Summary of _10

Organization and Summary of Significant Accounting Policies - Wealth Management Assets and Fees (Details) - USD ($) $ in Millions	Jun. 30, 2023	Jun. 30, 2022
Organization and Summary of Significant Accounting Policies
Fiduciary assets	$ 102	$ 0
Investment management assets	$ 464.2	$ 252.3

Organization and Summary of _11

Organization and Summary of Significant Accounting Policies - New Accounting Pronouncements (Details) - USD ($)		12 Months Ended
	Jul. 01, 2020	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2020
Allowance for credit losses for purchased credit deteriorated (PCD)		$ 17,100,000	$ 1,500,000	$ 1,000,000
Loans receivable		3,571,078,000	2,686,198,000
Total allowance for credit losses on loans		47,820,000	33,192,000	33,222,000
Total allowance for credit losses on loans					$ 25,139,000
Total allowance for credit losses on off-balance sheet credit exposures		6,288,000	3,358,000	1,805,000	1,959,000
Accounting Standards Update 2016-13
Loans receivable					2,141,929,000
Total allowance for credit losses on loans					25,139,000
Total allowance for credit losses on off-balance sheet credit exposures					1,959,000
As reported under ASU 2016-13
Adjustment to the reserve for unfunded commitments					268,000
Retained earnings	$ 7,200,000
As reported under ASU 2016-13 \| Accounting Standards Update 2016-13
Loans receivable	2,142,363,000
Total allowance for credit losses on loans	34,472,000
Total allowance for credit losses on off-balance sheet credit exposures	2,227,000
Impact of adoption ASU 2016-13
Increase to ACL					8,900,000
Allowance for credit losses for purchased credit deteriorated (PCD)			1,121,000		434,000
Impact of adoption ASU 2016-13 \| Accounting Standards Update 2016-13
Loans receivable	434,000
Total allowance for credit losses on loans	9,333,000			9,333,000
Total allowance for credit losses on off-balance sheet credit exposures	268,000			268,000
Impact of adoption ASU 2016-13 \| Purchased credit deteriorated ("PCD") loans
Increase to ACL	434,000
Residential and commercial real estate loans \| Purchased credit deteriorated ("PCD") loans
Loans receivable	434,000
Residential Real Estate
Total allowance for credit losses on loans		15,641,000	8,908,000	11,192,000
Total allowance for credit losses on loans					4,875,000
Total allowance for credit losses on off-balance sheet credit exposures		71,000	58,000	37,000	19,000
Residential Real Estate \| Accounting Standards Update 2016-13
Total allowance for credit losses on loans					4,875,000
Residential Real Estate \| As reported under ASU 2016-13 \| Accounting Standards Update 2016-13
Total allowance for credit losses on loans	8,396,000
Residential Real Estate \| Impact of adoption ASU 2016-13
Allowance for credit losses for purchased credit deteriorated (PCD)			96,000
Residential Real Estate \| Impact of adoption ASU 2016-13 \| Accounting Standards Update 2016-13
Total allowance for credit losses on loans	3,521,000			3,521,000
Total allowance for credit losses on off-balance sheet credit exposures				35,000
Construction Real Estate
Total allowance for credit losses on loans		2,664,000	2,220,000	2,170,000
Total allowance for credit losses on loans					2,010,000
Total allowance for credit losses on off-balance sheet credit exposures		4,809,000	2,178,000	502,000	769,000
Construction Real Estate \| Accounting Standards Update 2016-13
Total allowance for credit losses on loans					2,010,000
Construction Real Estate \| As reported under ASU 2016-13 \| Accounting Standards Update 2016-13
Total allowance for credit losses on loans	1,889,000
Construction Real Estate \| Impact of adoption ASU 2016-13
Allowance for credit losses for purchased credit deteriorated (PCD)			12,000
Construction Real Estate \| Impact of adoption ASU 2016-13 \| Accounting Standards Update 2016-13
Total allowance for credit losses on loans	(121,000)			(121,000)
Total allowance for credit losses on off-balance sheet credit exposures				(167,000)
Commercial Real Estate
Total allowance for credit losses on loans		22,838,000	16,838,000	14,535,000
Total allowance for credit losses on loans					12,132,000
Total allowance for credit losses on off-balance sheet credit exposures		475,000	421,000	188,000	172,000
Commercial Real Estate \| Accounting Standards Update 2016-13
Total allowance for credit losses on loans					12,132,000
Commercial Real Estate \| As reported under ASU 2016-13 \| Accounting Standards Update 2016-13
Total allowance for credit losses on loans	15,988,000
Commercial Real Estate \| Impact of adoption ASU 2016-13
Allowance for credit losses for purchased credit deteriorated (PCD)			628,000
Commercial Real Estate \| Impact of adoption ASU 2016-13 \| Accounting Standards Update 2016-13
Total allowance for credit losses on loans	3,856,000			3,856,000
Total allowance for credit losses on off-balance sheet credit exposures				95,000
Consumer loans
Total allowance for credit losses on loans		909,000	710,000	916,000
Total allowance for credit losses on loans					1,182,000
Total allowance for credit losses on off-balance sheet credit exposures		73,000	61,000	218,000	153,000
Consumer loans \| Accounting Standards Update 2016-13
Total allowance for credit losses on loans					1,182,000
Consumer loans \| As reported under ASU 2016-13 \| Accounting Standards Update 2016-13
Total allowance for credit losses on loans	2,247,000
Consumer loans \| Impact of adoption ASU 2016-13
Allowance for credit losses for purchased credit deteriorated (PCD)			164,000
Consumer loans \| Impact of adoption ASU 2016-13 \| Accounting Standards Update 2016-13
Total allowance for credit losses on loans	1,065,000			1,065,000
Total allowance for credit losses on off-balance sheet credit exposures				197,000
Commercial loans
Total allowance for credit losses on loans		5,768,000	4,516,000	4,409,000
Total allowance for credit losses on loans					4,940,000
Total allowance for credit losses on off-balance sheet credit exposures		$ 860,000	640,000	860,000	846,000
Commercial loans \| Accounting Standards Update 2016-13
Total allowance for credit losses on loans					$ 4,940,000
Commercial loans \| As reported under ASU 2016-13 \| Accounting Standards Update 2016-13
Total allowance for credit losses on loans	5,952,000
Commercial loans \| Impact of adoption ASU 2016-13
Allowance for credit losses for purchased credit deteriorated (PCD)			$ 221,000
Commercial loans \| Impact of adoption ASU 2016-13 \| Accounting Standards Update 2016-13
Total allowance for credit losses on loans	$ 1,012,000			1,012,000
Total allowance for credit losses on off-balance sheet credit exposures				$ 108,000

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	Jun. 30, 2023	Jun. 30, 2022
Debt Securities, Available-for-sale [Line Items]
Total AFS securities, Amortized Cost	$ 445,616	$ 257,760
Gross Unrealized Gains	1,494	109
Gross Unrealized Losses	(29,556)	(22,475)
Allowance for Credit Losses	0	0
Estimated Fair Value	417,554	235,394
Obligations of states and political subdivisions
Debt Securities, Available-for-sale [Line Items]
Total AFS securities, Amortized Cost	45,285	47,383
Gross Unrealized Gains	20	77
Gross Unrealized Losses	(2,737)	(2,981)
Allowance for Credit Losses	0	0
Estimated Fair Value	42,568	44,479
Corporate Obligations
Debt Securities, Available-for-sale [Line Items]
Total AFS securities, Amortized Cost	35,700	20,818
Gross Unrealized Gains	19	32
Gross Unrealized Losses	(3,181)	(963)
Allowance for Credit Losses	0	0
Estimated Fair Value	32,538	19,887
Asset backed securities
Debt Securities, Available-for-sale [Line Items]
Total AFS securities, Amortized Cost	67,897
Gross Unrealized Gains	1,274
Gross Unrealized Losses	(545)
Allowance for Credit Losses	0
Estimated Fair Value	68,626
Other securities
Debt Securities, Available-for-sale [Line Items]
Total AFS securities, Amortized Cost	3,587	486
Gross Unrealized Gains	39
Gross Unrealized Losses	(56)	(43)
Allowance for Credit Losses	0	0
Estimated Fair Value	3,570	443
Debt and Equity Securities
Debt Securities, Available-for-sale [Line Items]
Total AFS securities, Amortized Cost	152,469	68,687
Gross Unrealized Gains	1,352	109
Gross Unrealized Losses	(6,519)	(3,987)
Allowance for Credit Losses	0	0
Estimated Fair Value	147,302	64,809
Residential MBS issued by governmental sponsored enterprises (GSEs)
Debt Securities, Available-for-sale [Line Items]
Total AFS securities, Amortized Cost	97,612	76,345
Gross Unrealized Gains	122
Gross Unrealized Losses	(7,610)	(7,177)
Allowance for Credit Losses	0	0
Estimated Fair Value	90,124	69,168
Commercial MBS issued by GSEs
Debt Securities, Available-for-sale [Line Items]
Total AFS securities, Amortized Cost	60,333	51,435
Gross Unrealized Gains	11
Gross Unrealized Losses	(6,959)	(5,705)
Allowance for Credit Losses	0	0
Estimated Fair Value	53,385	45,730
CMOs issued by GSEs
Debt Securities, Available-for-sale [Line Items]
Total AFS securities, Amortized Cost	135,202	61,293
Gross Unrealized Gains	9
Gross Unrealized Losses	(8,468)	(5,606)
Allowance for Credit Losses	0	0
Estimated Fair Value	126,743	55,687
Total MBS and CMOs
Debt Securities, Available-for-sale [Line Items]
Total AFS securities, Amortized Cost	293,147	189,073
Gross Unrealized Gains	142
Gross Unrealized Losses	(23,037)	(18,488)
Allowance for Credit Losses	0	0
Estimated Fair Value	$ 270,252	$ 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	Jun. 30, 2023	Jun. 30, 2022
Amortized Cost
Within one year	$ 3,233
After one year but less than five years	24,395
After five years but less than ten years	59,286
After ten years	65,555
Total investment securities	152,469
Total AFS securities, Amortized Cost	445,616	$ 257,760
Estimated Fair Value
Within one year	3,221
After one year but less than five years	23,380
After five years but less than ten years	56,089
After ten years	64,612
Total investment securities	147,302
Available for sale securities (Note 2)	417,554	235,394
Debt and Equity Securities
Amortized Cost
Total AFS securities, Amortized Cost	152,469	68,687
Estimated Fair Value
Available for sale securities (Note 2)	147,302	64,809
Total MBS and CMOs
Amortized Cost
Total AFS securities, Amortized Cost	293,147	189,073
Estimated Fair Value
Available for sale securities (Note 2)	$ 270,252	$ 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) - Public deposits - USD ($) $ in Millions	Jun. 30, 2023	Jun. 30, 2022
Pledged as collateral
Financial Instruments Owned and Pledged as Collateral [Line Items]
Securities pledged as collateral	$ 253.9	$ 198.3
Asset backed securities
Financial Instruments Owned and Pledged as Collateral [Line Items]
Securities pledged as collateral	129.2	126.3
Asset backed securities \| Pledged as collateral
Financial Instruments Owned and Pledged as Collateral [Line Items]
Securities pledged as collateral		27.3
Collateralized Mortgage Obligations
Financial Instruments Owned and Pledged as Collateral [Line Items]
Securities pledged as collateral	94.8
US States and Political Subdivisions Debt Securities [Member] \| Pledged as collateral
Financial Instruments Owned and Pledged as Collateral [Line Items]
Securities pledged as collateral	26.5	42.3
Other Debt Obligations [Member] \| Pledged as collateral
Financial Instruments Owned and Pledged as Collateral [Line Items]
Carrying value of investment and MBS pledged as collateral to secure public deposits and securities sold under agreements to repurchase	$ 3.4	$ 2.4

Available for Sale Securities_4

Available for Sale Securities - Gains and Losses recognized from sales of AFS securities (Details) - USD ($)	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Available for Sale Securities
Gains recognized from sales of available-for-sale securities	$ 0	$ 0
Losses recognized from sales of available-for-sale securities	$ 0	$ 0

Available for Sale Securities_5

Available for Sale Securities - Fair Value of Debt Securities Reported Less Than Their Historical Cost (Details) - USD ($) $ in Millions	Jun. 30, 2023	Jun. 30, 2022
Available for Sale Securities
Fair value of certain investments reported less than their historical cost	$ 325.5	$ 219.3
Certain investments in debt securities reported at less than historical cost, percentage of Company's AFS portfolio	78%	93.20%

Available for Sale Securities_6

Available for Sale Securities - Gross Unrealized Losses and Fair Value, Continuous Unrealized Loss Position (Details) $ in Thousands	Jun. 30, 2023 USD ($) security	Jun. 30, 2022 USD ($) security
Debt Securities, Available-for-sale [Line Items]
Less than 12 Months, Fair Value	$ 138,235	$ 180,937
Less than 12 Months, Unrealized Losses	3,057	15,584
12 Months or more, Fair Value	187,305	38,345
12 Months or more, Unrealized Losses	26,499	6,891
Fair Value, Total	325,540	219,282
Unrealized Losses , Total	29,556	22,475
US States and Political Subdivisions Debt Securities [Member]
Debt Securities, Available-for-sale [Line Items]
Less than 12 Months, Fair Value	11,574	31,985
Less than 12 Months, Unrealized Losses	184	2,639
12 Months or more, Fair Value	26,763	1,600
12 Months or more, Unrealized Losses	2,553	342
Fair Value, Total	38,337	33,585
Unrealized Losses , Total	$ 2,737	$ 2,981
Number of individual securities in an unrealized loss position for less than 12 months \| security	27	27
Number of individual securities in an unrealized loss position for more than 12 months \| security	52	52
Corporate Obligations
Debt Securities, Available-for-sale [Line Items]
Less than 12 Months, Fair Value	$ 14,709	$ 10,944
Less than 12 Months, Unrealized Losses	1,074	420
12 Months or more, Fair Value	13,821	6,911
12 Months or more, Unrealized Losses	2,107	543
Fair Value, Total	28,530	17,855
Unrealized Losses , Total	$ 3,181	$ 963
Number of individual securities in an unrealized loss position for less than 12 months \| security	16	16
Number of individual securities in an unrealized loss position for more than 12 months \| security	14	14
Asset backed securities
Debt Securities, Available-for-sale [Line Items]
Less than 12 Months, Fair Value	$ 22,628
Less than 12 Months, Unrealized Losses	263
12 Months or more, Fair Value	698
12 Months or more, Unrealized Losses	282
Fair Value, Total	23,326
Unrealized Losses , Total	$ 545
Number of individual securities in an unrealized loss position for less than 12 months \| security	7
Number of individual securities in an unrealized loss position for more than 12 months \| security	2
Other Debt Obligations [Member]
Debt Securities, Available-for-sale [Line Items]
Less than 12 Months, Fair Value	$ 1,970	$ 418
Less than 12 Months, Unrealized Losses	11	43
12 Months or more, Fair Value	350
12 Months or more, Unrealized Losses	45
Fair Value, Total	2,320	418
Unrealized Losses , Total	56	43
Total MBS and CMOs
Debt Securities, Available-for-sale [Line Items]
Less than 12 Months, Fair Value	87,354	137,590
Less than 12 Months, Unrealized Losses	1,525	12,482
12 Months or more, Fair Value	145,673	29,834
12 Months or more, Unrealized Losses	21,512	6,006
Fair Value, Total	233,027	167,424
Unrealized Losses , Total	$ 23,037	$ 18,488
Number of individual securities in an unrealized loss position for less than 12 months \| security	24
Number of individual securities in an unrealized loss position for more than 12 months \| security	122

Available for Sale Securities_7

Available for Sale Securities - Other Securities Policy: Pooled Trust Preferred Securities (Details)	12 Months Ended
	Jun. 30, 2023 USD ($) security	Jun. 30, 2022 USD ($)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Credit losses recognized on investments	$ 0	$ 0
Corporate Obligations
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Number of Pooled Trust Preferred Securities \| security	2
Fair Value of Pooled Trust Preferred Securities Held	$ 698,000
Pooled trust preferred securities, unrealized losses in a continuous unrealized loss position for twelve months or more	$ 282,000

Loans and Allowance for Credi_3

Loans and Allowance for Credit Losses - Classes of loans (Details) $ in Thousands	12 Months Ended
	Jun. 30, 2023 USD ($)	Jun. 30, 2022 USD ($)	Jun. 30, 2021 USD ($)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Real Estate Loans	$ 3,978,393	$ 2,843,499
Loans in Process	(359,196)	(123,656)
Deferred loan fees, net	(299)	(453)
Allowance for credit losses	(47,820)	(33,192)	$ (33,222)
Total loans	$ 3,571,078	$ 2,686,198
Number of purchased participation loans	86	31
Purchased participation loans	$ 155,600	$ 70,000
Residential Real Estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Real Estate Loans	1,133,417	904,160
Allowance for credit losses	(15,641)	(8,908)	(11,192)
Construction Real Estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Real Estate Loans	550,052	258,072
Allowance for credit losses	(2,664)	(2,220)	(2,170)
Commercial Real Estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Real Estate Loans	1,562,379	1,146,673
Allowance for credit losses	(22,838)	(16,838)	(14,535)
Consumer loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Real Estate Loans	133,515	92,996
Allowance for credit losses	(909)	(710)	(916)
Commercial loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Real Estate Loans	599,030	441,598
Allowance for credit losses	$ (5,768)	$ (4,516)	$ (4,409)

Loans and Allowance for Credi_4

Loans and Allowance for Credit Losses - Classes of loans information (Details)			12 Months Ended
	Jan. 20, 2023 USD ($)	Feb. 25, 2022 USD ($)	Jun. 30, 2023 USD ($) loan	Jun. 30, 2022 USD ($) loan	Jun. 30, 2021 USD ($)	Jun. 30, 2020 USD ($)
Allowance for credit losses			$ 14,131,000	$ (66,000)	$ (602,000)
Allowance for credit losses for purchased credit deteriorated (PCD)			17,100,000	1,500,000	1,000,000
Off-balance sheet credit exposures			6,288,000	$ 3,358,000	1,805,000	$ 1,959,000
Impact of acquisition on provision on credit losses (PCL)			10,100,000
Impact of acquisition on allowance for credit losses (ACL)			8,900,000
Impact of acquisition on off-balance sheet credit exposure			$ 1,200,000
Net charge offs on average loans outstanding (as percentage)			0.02%	0.01%
Citizens Bancshares Company
Allowance for credit losses			$ 5,200,000
Allowance for credit losses for purchased credit deteriorated (PCD)	$ 1,121,000		1,100,000
Off-balance sheet credit exposures			1,800,000
Fortune
Allowance for credit losses for purchased credit deteriorated (PCD)		$ 120,000		$ 120,000
ACL required for non-PCD loans acquired			1,900,000
Credit exposure			120,000
Negative PCL				533,000
Secured by properties located outside lending area
Loans Receivable			$ 618,600,000
Residential Real Estate.
Fixed-rate and adjustable-rate mortgage (ARM) loans amortization period (in years)			30 years
Residential Real Estate. \| Single Family
Maximum percentage of appraised value or purchase price that loans cannot exceed			90%
Residential Real Estate. \| Multifamily
Maximum percentage of appraised value or purchase price that loans cannot exceed			85%
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
Loans Receivable			$ 1,600,000,000
Residential Real Estate
Amortization period of loans			30 years
Allowance for credit losses			$ 6,655,000	(2,238,000)	2,973,000
Off-balance sheet credit exposures			$ 71,000	58,000	37,000	19,000
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
Allowance for credit losses			$ 5,605,000	2,251,000	(1,364,000)
Off-balance sheet credit exposures			$ 475,000	421,000	188,000	172,000
Construction Real Estate
Average term of construction loans			12 months
Allowance for credit losses			$ 432,000	46,000	281,000
Off-balance sheet credit exposures			$ 4,809,000	2,178,000	502,000	769,000
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
Allowance for credit losses			$ 334,000	(205,000)	(1,232,000)
Off-balance sheet credit exposures			$ 73,000	61,000	218,000	153,000
Consumer loans \| Home Equity Loan
Maximum percentage of appraised value or purchase price that loans cannot exceed			90%
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
Allowance for credit losses			$ 1,105,000	80,000	(1,260,000)
Off-balance sheet credit exposures			$ 860,000	$ 640,000	$ 860,000	$ 846,000
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 \| loan			53	57
Construction loans outstanding, for which a modification had been agreed to			$ 33,400,000	$ 13,800,000

Loans and Allowance for Credi_5

Loans and Allowance for Credit Losses - PCD Loans Acquired (Details) - USD ($)			12 Months Ended
	Jan. 20, 2023	Feb. 25, 2022	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for credit losses at acquisition			$ (17,100,000)	$ (1,500,000)	$ (1,000,000)
Citizens Bancshares Company
Accounts, Notes, Loans and Financing Receivable [Line Items]
Purchase price of PCD loans at acquisition	$ 27,481,000
Allowance for credit losses at acquisition	(1,121,000)		$ (1,100,000)
Fair value of PCD loans at acquisition	$ 26,360,000
Fortune
Accounts, Notes, Loans and Financing Receivable [Line Items]
Purchase price of PCD loans at acquisition		$ 15,055,000
Allowance for credit losses at acquisition		(120,000)		$ (120,000)
Fair value of PCD loans at acquisition		$ 14,935,000

Loans and Allowance for Credi_6

Loans and Allowance for Credit Losses - Balance and activity in the Allowance for credit losses (Details) - USD ($)	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2020
Allowance for credit losses:
Balance, beginning of period			$ 25,139,000
Balance, beginning of period	$ 33,192,000	$ 33,222,000
Initial ACL on PCD loans	17,100,000	1,500,000	1,000,000
Allowance for credit losses	14,131,000	(66,000)	(602,000)
Losses charged off	(673,000)	(153,000)	(734,000)
Recoveries	49,000	69,000	86,000
Balance, end of period	47,820,000	33,192,000	33,222,000
Impact of adoption ASU
Allowance for credit losses:
Initial ACL on PCD loans		1,121,000		$ 434,000
Residential Real Estate
Allowance for credit losses:
Balance, beginning of period			4,875,000
Balance, beginning of period	8,908,000	11,192,000
Allowance for credit losses	6,655,000	(2,238,000)	2,973,000
Losses charged off	(19,000)	(72,000)	(180,000)
Recoveries	1,000	3,000	3,000
Balance, end of period	15,641,000	8,908,000	11,192,000
Residential Real Estate \| Impact of adoption ASU
Allowance for credit losses:
Initial ACL on PCD loans		96,000
Construction Real Estate
Allowance for credit losses:
Balance, beginning of period			2,010,000
Balance, beginning of period	2,220,000	2,170,000
Allowance for credit losses	432,000	46,000	281,000
Balance, end of period	2,664,000	2,220,000	2,170,000
Construction Real Estate \| Impact of adoption ASU
Allowance for credit losses:
Initial ACL on PCD loans		12,000
Commercial Real Estate
Allowance for credit losses:
Balance, beginning of period			12,132,000
Balance, beginning of period	16,838,000	14,535,000
Allowance for credit losses	5,605,000	2,251,000	(1,364,000)
Losses charged off	(245,000)		(90,000)
Recoveries	12,000		1,000
Balance, end of period	22,838,000	16,838,000	14,535,000
Commercial Real Estate \| Impact of adoption ASU
Allowance for credit losses:
Initial ACL on PCD loans		628,000
Consumer loans
Allowance for credit losses:
Balance, beginning of period			1,182,000
Balance, beginning of period	710,000	916,000
Allowance for credit losses	334,000	(205,000)	(1,232,000)
Losses charged off	(327,000)	(65,000)	(146,000)
Recoveries	28,000	64,000	47,000
Balance, end of period	909,000	710,000	916,000
Consumer loans \| Impact of adoption ASU
Allowance for credit losses:
Initial ACL on PCD loans		164,000
Commercial loans
Allowance for credit losses:
Balance, beginning of period			4,940,000
Balance, beginning of period	4,516,000	4,409,000
Allowance for credit losses	1,105,000	80,000	(1,260,000)
Losses charged off	(82,000)	(16,000)	(318,000)
Recoveries	8,000	2,000	35,000
Balance, end of period	5,768,000	4,516,000	4,409,000
Commercial loans \| Impact of adoption ASU
Allowance for credit losses:
Initial ACL on PCD loans		221,000
Accounting Standards Update 2016-13
Allowance for credit losses:
Balance, beginning of period			25,139,000
Accounting Standards Update 2016-13 \| Impact of adoption ASU
Allowance for credit losses:
Balance, beginning of period		9,333,000
Balance, end of period			9,333,000
Accounting Standards Update 2016-13 \| Residential Real Estate
Allowance for credit losses:
Balance, beginning of period			4,875,000
Accounting Standards Update 2016-13 \| Residential Real Estate \| Impact of adoption ASU
Allowance for credit losses:
Balance, beginning of period		3,521,000
Balance, end of period			3,521,000
Accounting Standards Update 2016-13 \| Construction Real Estate
Allowance for credit losses:
Balance, beginning of period			2,010,000
Accounting Standards Update 2016-13 \| Construction Real Estate \| Impact of adoption ASU
Allowance for credit losses:
Balance, beginning of period		(121,000)
Balance, end of period			(121,000)
Accounting Standards Update 2016-13 \| Commercial Real Estate
Allowance for credit losses:
Balance, beginning of period			12,132,000
Accounting Standards Update 2016-13 \| Commercial Real Estate \| Impact of adoption ASU
Allowance for credit losses:
Balance, beginning of period		3,856,000
Balance, end of period			3,856,000
Accounting Standards Update 2016-13 \| Consumer loans
Allowance for credit losses:
Balance, beginning of period			1,182,000
Accounting Standards Update 2016-13 \| Consumer loans \| Impact of adoption ASU
Allowance for credit losses:
Balance, beginning of period		1,065,000
Balance, end of period			1,065,000
Accounting Standards Update 2016-13 \| Commercial loans
Allowance for credit losses:
Balance, beginning of period			4,940,000
Accounting Standards Update 2016-13 \| Commercial loans \| Impact of adoption ASU
Allowance for credit losses:
Balance, beginning of period		1,012,000
Balance, end of period			$ 1,012,000
Accounting Standards Update 2022-02 \| Impact of adoption ASU
Allowance for credit losses:
Balance, beginning of period	120,000
Balance, end of period		120,000
Accounting Standards Update 2022-02 \| Residential Real Estate \| Impact of adoption ASU
Allowance for credit losses:
Balance, beginning of period	23,000
Balance, end of period		23,000
Accounting Standards Update 2022-02 \| Construction Real Estate \| Impact of adoption ASU
Allowance for credit losses:
Balance, beginning of period	4,000
Balance, end of period		4,000
Accounting Standards Update 2022-02 \| Commercial Real Estate \| Impact of adoption ASU
Allowance for credit losses:
Balance, beginning of period	52,000
Balance, end of period		52,000
Accounting Standards Update 2022-02 \| Commercial loans \| Impact of adoption ASU
Allowance for credit losses:
Balance, beginning of period	$ 41,000
Balance, end of period		$ 41,000

Loans and Allowance for Credi_7

Loans and Allowance for Credit Losses - Allowance for off-balance credit exposure (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Allowance for off-balance sheet credit exposure:
Balance, beginning of period	$ 3,358	$ 1,805	$ 1,959
Provision (benefit) charged to expense	2,930	1,553	(422)
Balance, end of period	6,288	3,358	1,805
Accounting Standards Update 2016-13
Allowance for off-balance sheet credit exposure:
Balance, beginning of period			1,959
Impact of adoption ASU 2016-13 \| Accounting Standards Update 2016-13
Allowance for off-balance sheet credit exposure:
Balance, beginning of period		268
Balance, end of period			268
Residential Real Estate
Allowance for off-balance sheet credit exposure:
Balance, beginning of period	58	37	19
Provision (benefit) charged to expense	13	21	(17)
Balance, end of period	71	58	37
Residential Real Estate \| Impact of adoption ASU 2016-13 \| Accounting Standards Update 2016-13
Allowance for off-balance sheet credit exposure:
Balance, beginning of period		35
Balance, end of period			35
Construction Real Estate
Allowance for off-balance sheet credit exposure:
Balance, beginning of period	2,178	502	769
Provision (benefit) charged to expense	2,631	1,676	(100)
Balance, end of period	4,809	2,178	502
Construction Real Estate \| Impact of adoption ASU 2016-13 \| Accounting Standards Update 2016-13
Allowance for off-balance sheet credit exposure:
Balance, beginning of period		(167)
Balance, end of period			(167)
Commercial Real Estate
Allowance for off-balance sheet credit exposure:
Balance, beginning of period	421	188	172
Provision (benefit) charged to expense	54	233	(79)
Balance, end of period	475	421	188
Commercial Real Estate \| Impact of adoption ASU 2016-13 \| Accounting Standards Update 2016-13
Allowance for off-balance sheet credit exposure:
Balance, beginning of period		95
Balance, end of period			95
Consumer loans
Allowance for off-balance sheet credit exposure:
Balance, beginning of period	61	218	153
Provision (benefit) charged to expense	12	(157)	(132)
Balance, end of period	73	61	218
Consumer loans \| Impact of adoption ASU 2016-13 \| Accounting Standards Update 2016-13
Allowance for off-balance sheet credit exposure:
Balance, beginning of period		197
Balance, end of period			197
Commercial loans
Allowance for off-balance sheet credit exposure:
Balance, beginning of period	640	860	846
Provision (benefit) charged to expense	220	(220)	(94)
Balance, end of period	$ 860	640	860
Commercial loans \| Impact of adoption ASU 2016-13 \| Accounting Standards Update 2016-13
Allowance for off-balance sheet credit exposure:
Balance, beginning of period		$ 108
Balance, end of period			$ 108

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	12 Months Ended
	Jun. 30, 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	1,112,842	$ 1,146,932
2022 / 2021	969,065	721,665
2021 / 2020	623,440	251,984
2020 / 2019	213,074	103,484
2019 / 2018	108,106	78,834
Prior	195,293	148,060
Revolving loans	397,377	268,884
Total	3,619,197	2,719,843
Pass
Financing Receivable, Credit Quality Indicator [Line Items]
2023 / 2022	1,089,767	1,107,991
2022 / 2021	934,545	718,973
2021 / 2020	619,444	248,814
2020 / 2019	208,612	102,783
2019 / 2018	107,260	78,116
Prior	191,942	144,948
Revolving loans	393,419	266,719
Total	3,544,989	2,668,344
Watch
Financing Receivable, Credit Quality Indicator [Line Items]
2023 / 2022	10,385	6,147
2022 / 2021	6,729	1,276
2021 / 2020	932	2,939
2020 / 2019	3,990	62
2019 / 2018	198	668
Prior	144	2,216
Revolving loans	2,554	1,754
Total	24,932	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	9,750	22,670
2022 / 2021	27,791	1,416
2021 / 2020	3,064	231
2020 / 2019	472	639
2019 / 2018	648	50
Prior	3,207	896
Revolving loans	1,404	411
Total	46,336	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	330,193	380,812
2022 / 2021	314,305	296,420
2021 / 2020	253,203	119,634
2020 / 2019	103,843	19,879
2019 / 2018	25,849	22,161
Prior	96,919	59,180
Revolving loans	9,105	6,074
Total	1,133,417	904,160
Residential Real Estate \| Pass
Financing Receivable, Credit Quality Indicator [Line Items]
2023 / 2022	328,142	380,502
2022 / 2021	312,853	295,260
2021 / 2020	252,077	118,464
2020 / 2019	103,735	19,383
2019 / 2018	25,651	22,143
Prior	96,035	58,545
Revolving loans	9,100	6,074
Total	1,127,593	900,371
Residential Real Estate \| Watch
Financing Receivable, Credit Quality Indicator [Line Items]
2023 / 2022	1,214	44
2022 / 2021	1,136	242
2021 / 2020	616	1,083
2020 / 2019	108	56
2019 / 2018	198
Prior	27	30
Revolving loans	5
Total	3,304	1,455
Residential Real Estate \| Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
2023 / 2022	837	266
2022 / 2021	316	918
2021 / 2020	510	87
2020 / 2019		440
2019 / 2018		18
Prior	857	605
Total	2,520	2,334
Construction Real Estate
Financing Receivable, Credit Quality Indicator [Line Items]
2023 / 2022	125,089	100,114
2022 / 2021	50,690	34,082
2021 / 2020	10,946
2020 / 2019	3,190
Revolving loans	941	220
Total	190,856	134,416
Construction Real Estate \| Pass
Financing Receivable, Credit Quality Indicator [Line Items]
2023 / 2022	124,479	100,114
2022 / 2021	50,011	34,082
2021 / 2020	10,946
2020 / 2019	3,190
Revolving loans	941	220
Total	189,567	134,416
Construction Real Estate \| Watch
Financing Receivable, Credit Quality Indicator [Line Items]
2023 / 2022	280
Total	280
Construction Real Estate \| Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
2023 / 2022	330
2022 / 2021	679
Total	1,009
Commercial Real Estate
Financing Receivable, Credit Quality Indicator [Line Items]
2023 / 2022	481,395	524,459
2022 / 2021	505,987	285,986
2021 / 2020	282,509	107,851
2020 / 2019	93,439	71,393
2019 / 2018	75,126	52,494
Prior	85,723	80,208
Revolving loans	38,200	24,282
Total	1,562,379	1,146,673
Commercial Real Estate \| Pass
Financing Receivable, Credit Quality Indicator [Line Items]
2023 / 2022	462,643	487,486
2022 / 2021	474,140	284,736
2021 / 2020	279,921	105,893
2020 / 2019	89,272	71,380
2019 / 2018	74,653	51,804
Prior	83,871	78,115
Revolving loans	37,443	23,669
Total	1,501,943	1,103,083
Commercial Real Estate \| Watch
Financing Receivable, Credit Quality Indicator [Line Items]
2023 / 2022	8,122	4,763
2022 / 2021	5,382	769
2021 / 2020	163	1,818
2020 / 2019	3,879
2019 / 2018		668
Prior	117	2,000
Revolving loans		548
Total	17,663	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	7,690	22,086
2022 / 2021	26,465	481
2021 / 2020	2,425	140
2020 / 2019	288	13
2019 / 2018	473	22
Prior	1,735	93
Revolving loans	757	65
Total	39,833	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	36,107	28,563
2022 / 2021	14,532	11,066
2021 / 2020	5,509	3,666
2020 / 2019	1,692	1,524
2019 / 2018	717	926
Prior	1,420	707
Revolving loans	73,538	46,544
Total	133,515	92,996
Consumer loans \| Pass
Financing Receivable, Credit Quality Indicator [Line Items]
2023 / 2022	36,003	28,519
2022 / 2021	14,530	10,989
2021 / 2020	5,446	3,662
2020 / 2019	1,692	1,524
2019 / 2018	717	916
Prior	1,379	676
Revolving loans	73,225	46,521
Total	132,992	92,807
Consumer loans \| Watch
Financing Receivable, Credit Quality Indicator [Line Items]
2023 / 2022	71	21
2022 / 2021		71
2021 / 2020	62
Total	133	92
Consumer loans \| Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
2023 / 2022	33	23
2022 / 2021	2	6
2021 / 2020	1	4
2019 / 2018		10
Prior	41	31
Revolving loans	313	23
Total	390	97
Commercial loans
Financing Receivable, Credit Quality Indicator [Line Items]
2023 / 2022	140,058	112,984
2022 / 2021	83,551	94,111
2021 / 2020	71,273	20,833
2020 / 2019	10,910	10,688
2019 / 2018	6,414	3,253
Prior	11,231	7,965
Revolving loans	275,593	191,764
Total	599,030	441,598
Commercial loans \| Pass
Financing Receivable, Credit Quality Indicator [Line Items]
2023 / 2022	138,500	111,370
2022 / 2021	83,011	93,906
2021 / 2020	71,054	20,795
2020 / 2019	10,723	10,496
2019 / 2018	6,239	3,253
Prior	10,657	7,612
Revolving loans	272,710	190,235
Total	592,894	437,667
Commercial loans \| Watch
Financing Receivable, Credit Quality Indicator [Line Items]
2023 / 2022	698	1,319
2022 / 2021	211	194
2021 / 2020	91	38
2020 / 2019	3	6
Prior		186
Revolving loans	2,549	1,206
Total	3,552	2,949
Commercial loans \| Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
2023 / 2022	860	295
2022 / 2021	329	11
2021 / 2020	128
2020 / 2019	184	186
2019 / 2018	175
Prior	574	167
Revolving loans	334	323
Total	$ 2,584	$ 982

Loans and Allowance for Credi_9

Loans and Allowance for Credit Losses - Credit risk profile based on rating and payment activity (Details) - USD ($) $ in Millions	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Pass
Financing Receivable, Credit Quality Indicator [Line Items]
PCD loans receivable, net of ACL	$ 37.4	$ 23.1
Watch
Financing Receivable, Credit Quality Indicator [Line Items]
PCD loans receivable, net of ACL	12.7	4.7
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	6.3	1.1
Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
PCD loans receivable, net of ACL	$ 0	$ 0

Loans and Allowance for Cred_10

Loans and Allowance for Credit Losses - Loan portfolio aging analysis (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	$ 3,619,197	$ 2,719,843
Greater than 90 Days Past Due and Accruing	109
Current Loans, not past due
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	3,608,456	2,715,257
Total Past Due
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	10,741	4,586
30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	4,212	2,432
60 to 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	2,767	732
Greater than 90 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	3,762	1,422
Purchased credit-impaired loans	0	0
Residential Real Estate
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	1,133,417	904,160
Greater than 90 Days Past Due and Accruing	109
Residential Real Estate \| Current Loans, not past due
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	1,130,549	901,694
Residential Real Estate \| Total Past Due
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	2,868	2,466
Residential Real Estate \| 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	1,984	1,402
Residential Real Estate \| 60 to 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	401
Residential Real Estate \| Greater than 90 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	483	1,064
Construction Real Estate
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	190,856	134,416
Construction Real Estate \| Current Loans, not past due
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	189,404	134,416
Construction Real Estate \| Total Past Due
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	1,452
Construction Real Estate \| 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	443
Construction Real Estate \| 60 to 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	311
Construction Real Estate \| Greater than 90 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	698
Commercial Real Estate
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	1,562,379	1,146,673
Commercial Real Estate \| Current Loans, not past due
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	1,558,329	1,145,354
Commercial Real Estate \| Total Past Due
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	4,050	1,319
Commercial Real Estate \| 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	616	416
Commercial Real Estate \| 60 to 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	1,854	615
Commercial Real Estate \| Greater than 90 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	1,580	288
Consumer loans
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	133,515	92,996
Consumer loans \| Current Loans, not past due
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	132,723	92,554
Consumer loans \| Total Past Due
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	792	442
Consumer loans \| 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	456	340
Consumer loans \| 60 to 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	124	45
Consumer loans \| Greater than 90 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	212	57
Commercial loans
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	599,030	441,598
Commercial loans \| Current Loans, not past due
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	597,451	441,239
Commercial loans \| Total Past Due
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	1,579	359
Commercial loans \| 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	713	274
Commercial loans \| 60 to 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	77	72
Commercial loans \| Greater than 90 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	$ 789	$ 13

Loans and Allowance for Cred_11

Loans and Allowance for Credit Losses - Collateral dependent loans and related ACL (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Total Loans Receivable	$ 3,619,197	$ 2,719,843
Related allowance for credit losses	47,820	33,192	$ 33,222
Collateral-dependent Loans \| 1- to 4-family residential loans
Total Loans Receivable	6,376	864
Related allowance for credit losses	901	193
Residential Real Estate
Total Loans Receivable	1,133,417	904,160
Related allowance for credit losses	15,641	8,908	$ 11,192
Residential Real Estate \| Collateral-dependent Loans
Total Loans Receivable	6,376	864
Related allowance for credit losses	$ 901	$ 193

Loans and Allowance for Cred_12

Loans and Allowance for Credit Losses - Nonaccrual Loans (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Jun. 30, 2022
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual loans	$ 7,543	$ 4,118
Nonaccrual loans individually evaluated for which no ACL was recorded	0
Residential Real Estate
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual loans	934	1,647
Construction Real Estate
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual loans	698
Commercial Real Estate
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual loans	4,564	2,259
Consumer loans
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual loans	256	73
Commercial loans
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual loans	$ 1,091	$ 139

Loans and Allowance for Cred_13

Loans and Allowance for Credit Losses - TDRs Segregated by Class (Details) $ in Thousands	12 Months Ended
	Jun. 30, 2023 USD ($) loan	Jun. 30, 2022 USD ($) loan
Number of modifications	0	6
Recorded Investment, TDRs		$ 24,500
Recorded Investment	$ 29,765	$ 30,606
Residential Real Estate
Number of modifications	10	11
Recorded Investment	$ 3,438	$ 3,625
Commercial Real Estate
Number of modifications	6	8
Recorded Investment	$ 24,017	$ 25,132
Commercial loans
Number of modifications	6	8
Recorded Investment	$ 2,310	$ 1,849

Loans and Allowance for Cred_14

Loans and Allowance for Credit Losses - Real Estate Foreclosures (Details) - USD ($)	Jun. 30, 2023	Jun. 30, 2022
Financing Receivable, Troubled Debt Restructuring [Line Items]
Repossessed assets	$ 0	$ 580,000
Residential Real Estate. \| Home Equity Loan
Financing Receivable, Troubled Debt Restructuring [Line Items]
Foreclosure proceedings in process	$ 1,500,000	$ 486,000

Loans and Allowance for Cred_15

Loans and Allowance for Credit Losses - Summary of loans to executive officers, directors, significant shareholders (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Loans and Allowance for Credit Losses
Beginning Balance	$ 10,614	$ 10,624
Additions	6,374	6,393
Repayments	(7,223)	(6,403)
Change in related party	782
Ending Balance	$ 10,547	$ 10,614

Premises and Equipment - Summar

Premises and Equipment - Summary of premises and equipment (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Jun. 30, 2022
Premises and Equipment
Land	$ 15,415	$ 13,532
Buildings and improvements	79,661	64,730
Construction in progress	450	142
Furniture, fixtures, equipment and software	26,404	20,838
Automobiles	122	120
Operating leases ROU asset	6,125	3,849
Property, Plant and Equipment, Gross	128,177	103,211
Less accumulated depreciation	35,780	31,864
Premises and equipment, net	$ 92,397	$ 71,347

Premises and Equipment - Additi

Premises and Equipment - Additional Information (Details)	12 Months Ended
Premises and Equipment - Additional Information (Details)	Jun. 30, 2023 USD ($) property	Jun. 30, 2022 USD ($)
Number of leased properties \| property	11
Operating Lease, Weighted Average Discount Rate, Percent	5%
Operating lease expense	$ 720,000	$ 451,000
Income recognized from lessor agreements	$ 228,000	$ 279,000
Minimum
Lessee Expected Lease Terms	18 months
Maximum
Lessee Expected Lease Terms	20

Premises and Equipment - Calcul

Premises and Equipment - Calculated amount of right of use assets and lease liabilities (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Right of use assets obtained in exchange for lease obligations: Operating Leases	$ 216	$ 95	$ 804
Consolidated Balance Sheet
Operating leases ROU asset	6,125	3,849
Operating leases liability	6,125	3,849
Consolidated Statement Of Income
Operating lease costs classified as occupancy and equipment expense (includes short-term lease costs)	720	451
Supplemental Disclosures Of Cash Flow Information \| Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$ 524	$ 382

Premises and Equipment - Future

Premises and Equipment - Future expected lease payments for leases (Details) $ in Thousands	Jun. 30, 2023 USD ($)
Premises and Equipment
2024	$ 721
2025	711
2026	707
2027	694
2028	623
Thereafter	7,359
Future lease payments expected	$ 10,815

Deposits (Details)

Deposits (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Jun. 30, 2022
Non-interest bearing accounts	$ 597,600	$ 426,929
NOW accounts	1,328,423	1,171,620
Money market deposit accounts	452,728	303,612
Savings accounts	282,753	274,283
Certificates	1,064,036	638,631
TOTAL NON-MATURITY DEPOSITS	2,661,504	2,176,444
TOTAL DEPOSITS	3,725,540	2,815,075
0.00-.99%
Certificates	92,533	408,479
1.00-1.99%
Certificates	109,564	171,997
2.00-2.99%
Certificates	186,538	51,692
3.00-3.99%
Certificates	109,780	6,298
4.00-4.99%
Certificates	472,546	$ 165
5.00 - 5.99%
Certificates	93,057
6.00% and above
Certificates	$ 18

Deposits - Summary of Certifica

Deposits - Summary of Certificate Maturities (Details) $ in Thousands	Jun. 30, 2023 USD ($)
Deposits
July 1, 2023 to June 30, 2024	$ 690,500
July 1, 2024 to June 30, 2025	208,578
July 1, 2025 to June 30, 2026	69,336
July 1, 2026 to June 30, 2027	49,439
July 1, 2027 to June 30, 2028	46,083
Thereafter	100
TOTAL	$ 1,064,036

Deposits - Additional Informati

Deposits - Additional Information (Details) - USD ($) $ in Millions	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Deposits
Aggregate Amount of Deposits With a Minimum Denomination of $250,000	$ 1,200	$ 848.9
Interest-bearing Domestic Deposit, Brokered	146.5	10.8
Deposits Held for Affiliates	$ 6.6	$ 6

Advances from Federal Home Lo_3

Advances from Federal Home Loan Bank (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Jun. 30, 2022
Federal Home Loan Bank Advances.	$ 133,514	$ 37,957
Weighted-average rate	3.95%	1.47%
08/15/22 \| Federal Home Loan Bank Advances Maturity Date
Federal Home Loan Bank, Advances, Interest Rate	1.89%
Federal Home Loan Bank Advances.		$ 3,000
11/16/22 \| Federal Home Loan Bank Advances Maturity Date
Federal Home Loan Bank, Advances, Interest Rate	0.51%
Federal Home Loan Bank Advances.		1,994
03/06/23 \| Federal Home Loan Bank Advances Maturity Date
Federal Home Loan Bank, Advances, Interest Rate	0.99%
Federal Home Loan Bank Advances.		3,000
07/24/23 \| Federal Home Loan Bank Advances Maturity Date
Federal Home Loan Bank, Advances, Interest Rate	0.59%
Federal Home Loan Bank Advances.	$ 998	987
11/15/23 \| Federal Home Loan Bank Advances Maturity Date
Federal Home Loan Bank, Advances, Interest Rate	0.57%
Federal Home Loan Bank Advances.	$ 993	980
03/06/24 \| Federal Home Loan Bank Advances Maturity Date
Federal Home Loan Bank, Advances, Interest Rate	0.95%
Federal Home Loan Bank Advances.	$ 3,000	3,000
03/28/24 \| Federal Home Loan Bank Advances Maturity Date
Federal Home Loan Bank, Advances, Interest Rate	2.56%
Federal Home Loan Bank Advances.	$ 8,000	8,000
07/24/24 \| Federal Home Loan Bank Advances Maturity Date
Federal Home Loan Bank, Advances, Interest Rate	0.66%
Federal Home Loan Bank Advances.	$ 1,966	1,940
08/13/24 \| Federal Home Loan Bank Advances Maturity Date
Federal Home Loan Bank, Advances, Interest Rate	1.88%
Federal Home Loan Bank Advances.	$ 3,000	3,000
02/21/25 \| Federal Home Loan Bank Advances Maturity Date
Federal Home Loan Bank, Advances, Interest Rate	1.53%
Federal Home Loan Bank Advances.		5,000
03/06/25 \| Federal Home Loan Bank Advances Maturity Date
Federal Home Loan Bank, Advances, Interest Rate	1.01%
Federal Home Loan Bank Advances.	$ 3,000	3,000
07/15/25 \| Federal Home Loan Bank Advances Maturity Date
Federal Home Loan Bank, Advances, Interest Rate	0.77%
Federal Home Loan Bank Advances.	$ 1,939	1,913
07/22/26 \| Federal Home Loan Bank Advances Maturity Date
Federal Home Loan Bank, Advances, Interest Rate	1.10%
Federal Home Loan Bank Advances.	$ 1,929	1,909
12/14/26 \| Federal Home Loan Bank Advances Maturity Date
Federal Home Loan Bank, Advances, Interest Rate	2.65%
Federal Home Loan Bank Advances.	$ 189	$ 234
04/20/26 \| Federal Home Loan Bank Advances Maturity Date
Federal Home Loan Bank, Advances, Interest Rate	4.39%
Federal Home Loan Bank Advances.	$ 5,000
06/22/26 \| Federal Home Loan Bank Advances Maturity Date
Federal Home Loan Bank, Advances, Interest Rate	4.49%
Federal Home Loan Bank Advances.	$ 5,000
06/26/26 \| Federal Home Loan Bank Advances Maturity Date
Federal Home Loan Bank, Advances, Interest Rate	4.55%
Federal Home Loan Bank Advances.	$ 5,000
04/12/27 \| Federal Home Loan Bank Advances Maturity Date
Federal Home Loan Bank, Advances, Interest Rate	4.04%
Federal Home Loan Bank Advances.	$ 5,000
04/27/27 \| Federal Home Loan Bank Advances Maturity Date
Federal Home Loan Bank, Advances, Interest Rate	4.07%
Federal Home Loan Bank Advances.	$ 5,000
05/03/27 \| Federal Home Loan Bank Advances Maturity Date
Federal Home Loan Bank, Advances, Interest Rate	3.95%
Federal Home Loan Bank Advances.	$ 5,000
05/12/27 \| Federal Home Loan Bank Advances Maturity Date
Federal Home Loan Bank, Advances, Interest Rate	3.86%
Federal Home Loan Bank Advances.	$ 5,000
06/22/27 \| Federal Home Loan Bank Advances Maturity Date
Federal Home Loan Bank, Advances, Interest Rate	4.38%
Federal Home Loan Bank Advances.	$ 5,000
06/25/27 \| Federal Home Loan Bank Advances Maturity Date
Federal Home Loan Bank, Advances, Interest Rate	4.34%
Federal Home Loan Bank Advances.	$ 5,000
03/23/28 \| Federal Home Loan Bank Advances Maturity Date
Federal Home Loan Bank, Advances, Interest Rate	3.85%
Federal Home Loan Bank Advances.	$ 10,000
03/24/28 \| Federal Home Loan Bank Advances Maturity Date
Federal Home Loan Bank, Advances, Interest Rate	3.93%
Federal Home Loan Bank Advances.	$ 10,000
06/22/28 \| Federal Home Loan Bank Advances Maturity Date
Federal Home Loan Bank, Advances, Interest Rate	4.21%
Federal Home Loan Bank Advances.	$ 5,000
06/26/28 \| Federal Home Loan Bank Advances Maturity Date
Federal Home Loan Bank, Advances, Interest Rate	4.18%
Federal Home Loan Bank Advances.	$ 5,000
Overnight \| Federal Home Loan Bank Advances Maturity Date
Federal Home Loan Bank, Advances, Interest Rate	5.35%
Federal Home Loan Bank Advances.	$ 33,500

Advances from Federal Home Lo_4

Advances from Federal Home Loan Bank - FHLB Advances Maturities (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Jun. 30, 2022
Advances from Federal Home Loan Bank
July 1, 2023 to June 30, 2024	$ 46,491
July 1, 2024 to June 30, 2025	7,966
July 1, 2025 to June 30, 2026	1,939
July 1, 2026 to June 30, 2027	47,118
July 1, 2027 to June 30, 2028	30,000
TOTAL	$ 133,514	$ 37,957

Advances from Federal Home Lo_5

Advances from Federal Home Loan Bank - Additional Information (Details) - USD ($) $ in Millions	Jun. 30, 2023	Jun. 30, 2022
Advances from Federal Home Loan Bank
FHLB prior to maturity amount	$ 0
Long-term Line of Credit	541.3	$ 500.6
Line of Credit Outstanding	$ 1,100	$ 889.7

Subordinated Debt (Details)

Subordinated Debt (Details) - USD ($)	1 Months Ended			12 Months Ended
Subordinated Debt (Details) - USD ($)	May 31, 2021	Aug. 31, 2014	Oct. 31, 2013	Jun. 30, 2023	Jun. 30, 2022	Feb. 28, 2022
Subordinated debt				$ 23,105,000	$ 23,055,000
Investment, carrying value				464,200,000	252,300,000
Prepaid Expenses and Other Current Assets
Investment, face amount				505,000
Investment, carrying value				464,000
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)				8.26%
Ozarks Legacy Community Financial, Inc.
Interest rate (as a percent)				8%
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)				7.35%
Floating rate		$ 6,500,000
Peoples Service Company, Inc. \| Reported Value Measurement
Floating rate				$ 5,500,000	5,400,000
Fortune \| 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 \| Subordinated Notes Issued in May 2021 [Member] \| Secured Overnight Financing Rate [Member]
Variable rate (as a percent)	3.77%

Employee Benefits - 401(k) Reti

Employee Benefits - 401(k) Retirement Plan (Details) - USD ($) $ in Millions	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Defined Contribution Plan Disclosure [Line Items]
Additional profit-sharing contributions of eligible salary	5%
Retirement plan expenses	$ 2.4	$ 1.9	$ 1.7
401(k) Retirement Plan Shares Held	421,000
Maximum
Defined Contribution Plan Disclosure [Line Items]
Matching contributions of eligible compensation	4%

Employee Benefits - 2008 Equity

Employee Benefits - 2008 Equity Incentive Plan (Details) - USD ($)			12 Months Ended
	Jun. 30, 2017	Jun. 30, 2012	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Defined Contribution Plan Disclosure [Line Items]
Equity Incentive Plan Description			The Company adopted an Equity Incentive Plan (the EIP) in 2008, reserving for award 132,000 shares (split-adjusted). EIP shares were available for award to directors, officers, and employees of the Company and its affiliates by a committee of outside directors.
Equity Incentive Plan Shares reserved			132,000
Equity Incentive Plan vesting percentage			20%
Restricted Stock
Defined Contribution Plan Disclosure [Line Items]
Equity Incentive Plan Shares Awarded	0	122,803
Equity Incentive Plan vesting percentage			20%
Equity Incentive Plan Shares Vested			0	2,250	2,700
Equity Incentive Plan Expense			$ 0	$ 46,000	$ 84,000
Equity Incentive Plan Remained Outstanding			0
Equity Incentive Plan Unvested Compensation Expense			$ 0

Employee Benefits - 2003 Stock

Employee Benefits - 2003 Stock Option Plan (Details) - USD ($)	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Defined Contribution Plan Disclosure [Line Items]
Exercised	0	0	0
2003 Stock Option Plan
Defined Contribution Plan Disclosure [Line Items]
Stock Option Plan Description	The Company adopted a stock option plan in October 2003 (the 2003 Plan). Under the plan, the Company granted options to purchase 242,000 shares (split-adjusted) to employees and directors, of which, options to purchase 187,000 shares (split-adjusted) have been exercised, options to purchase 45,000 shares (split-adjusted) have been forfeited, and 10,000 remain outstanding. Under the 2003 Plan, exercised options may be issued from either authorized but unissued shares, or treasury shares. At the 2017 annual meeting, shareholders approved the 2017 Omnibus Incentive Plan, which provided that no further awards would be made under the 2003 Plan.
Granted	242,000
Exercised	187,000
Forfeited	45,000
Outstanding	10,000
Stock Option Plan Unrecognized Compensation Expense Related to Nonvested Stock Options	$ 0
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Intrinsic Value	$ 209,000
Options vested	0	0	0

Employee Benefits - 2017 Omnibu

Employee Benefits - 2017 Omnibus Incentive Plan (Details)	12 Months Ended
Employee Benefits - 2017 Omnibus Incentive Plan (Details)	Jun. 30, 2023 USD ($) shares	Jun. 30, 2022 USD ($) shares	Jun. 30, 2021 USD ($) shares
Defined Contribution Plan Disclosure [Line Items]
Common stock reserve for issuance	132,000
Exercised	0	0	0
Equity Incentive Plan vesting percentage	20%
Restricted Stock
Defined Contribution Plan Disclosure [Line Items]
Equity Incentive Plan vesting percentage	20%
Omnibus Incentive Plan 2017
Defined Contribution Plan Disclosure [Line Items]
2017 Omnibus Incentive Plan Description	The Company adopted an equity-based incentive plan in October 2017 (the 2017 Plan). Under the 2017 plan, the Company reserved for issuance 500,000 shares of common stock for awards to employees and directors, against which full value awards (stock-based awards other than stock options and stock appreciation rights) are to be counted on a 2.5-for-1 basis. The 2017 Plan authorized awards to be made to employees, officers, and directors by a committee of outside directors. The committee held the power to set vesting requirements for each award under the 2017 Plan. Under the 2017 Plan, stock awards and shares issued pursuant to exercised options may be issued from either authorized but unissued shares, or treasury shares.
Common stock reserve for issuance	500,000
Full value awards basis	2.5
Granted	138,000
Outstanding	138,000
Unrecognized compensation cost \| $	$ 1,100,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Intrinsic Value \| $	419,000
Stock Option Plan Intrinsic Value of Options Vested \| $	$ 42,000	$ 150,000	$ 87,000
Options Exercisable, Number	2,900
Full value awards issued	28,650	22,350	18,925
Full value awards vested	15,140	12,860	9,770
Share based compensation expense \| $	$ 833,000	$ 548,000	$ 351,000
Unvested compensation cost for full value awards \| $	$ 2,400,000
Omnibus Incentive Plan 2017 \| Restricted Stock
Defined Contribution Plan Disclosure [Line Items]
Achievement of specified profitability targets period	3 years
Omnibus Incentive Plan 2017 \| Performance-based restricted stock
Defined Contribution Plan Disclosure [Line Items]
Equity Incentive Plan vesting percentage	20%
Achievement of specified profitability targets period	3 years
Omnibus Incentive Plan 2017 \| Share-Based Payment Arrangement, Tranche One [Member] \| Restricted Stock
Defined Contribution Plan Disclosure [Line Items]
Equity Incentive Plan vesting percentage	20%
Omnibus Incentive Plan 2017 \| Share-Based Payment Arrangement, Tranche Two [Member] \| Restricted Stock
Defined Contribution Plan Disclosure [Line Items]
Equity Incentive Plan vesting percentage	33.33%

Employee Benefits - Schedule of

Employee Benefits - Schedule of Share-based Compensation, Stock Options, Activity (Details) - $ / shares	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2020
Outstanding at beginning of year
Defined Contribution Plan Disclosure [Line Items]
Weighted Average Price	$ 36.56		$ 33.77	$ 33.22
Number	104,000	89,500	60,500
Granted
Defined Contribution Plan Disclosure [Line Items]
Weighted Average Price	$ 38.58	$ 53.82	$ 34.91
Number	44,000	14,500	29,000
Outstanding at year-end
Defined Contribution Plan Disclosure [Line Items]
Weighted Average Price	$ 39.63	$ 36.56	$ 33.77
Number	148,000	104,000	89,500
Options exercisable at year-end
Defined Contribution Plan Disclosure [Line Items]
Weighted Average Price	$ 33.89	$ 31.92	$ 29.79
Number	63,700	44,900	29,000

Employee Benefits - Schedule _2

Employee Benefits - Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions (Details) - $ / shares	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Employee Benefits
Expected dividend yield	1.79%	1.49%	1.83%
Expected volatility	29.67%	28.02%	27.72%
Risk-free interest rate	3.79%	1.82%	1.14%
Weighted-average expected life (years)	10 years	10 years	10 years
Weighted-average fair value of options granted during the year	$ 16.68	$ 16.38	$ 9.19

Employee Benefits - Share-based

Employee Benefits - Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding and Exercisable (Details)	12 Months Ended
	Jun. 30, 2023 $ / shares shares
14 mo.
Defined Contribution Plan Disclosure [Line Items]
Weighted Average Remaining Contractual Life	14 months
Options Outstanding, Number \| shares	10,000
Options Outstanding, Weighted Average Exercise Price	$ 17.55
Options Exercisable, Number \| shares	10,000
Options Exercisable, Weighted Average Exercise Price	$ 17.55
55 mo.
Defined Contribution Plan Disclosure [Line Items]
Weighted Average Remaining Contractual Life	55 months
Options Outstanding, Number \| shares	13,500
Options Outstanding, Weighted Average Exercise Price	$ 37.31
Options Exercisable, Number \| shares	13,500
Options Exercisable, Weighted Average Exercise Price	$ 37.31
66 mo.
Defined Contribution Plan Disclosure [Line Items]
Weighted Average Remaining Contractual Life	66 months
Options Outstanding, Number \| shares	17,500
Options Outstanding, Weighted Average Exercise Price	$ 34.35
Options Exercisable, Number \| shares	14,000
Options Exercisable, Weighted Average Exercise Price	$ 34.35
80 mo.
Defined Contribution Plan Disclosure [Line Items]
Weighted Average Remaining Contractual Life	80 months
Options Outstanding, Number \| shares	19,500
Options Outstanding, Weighted Average Exercise Price	$ 37.40
Options Exercisable, Number \| shares	11,700
Options Exercisable, Weighted Average Exercise Price	$ 37.40
91 mo.
Defined Contribution Plan Disclosure [Line Items]
Weighted Average Remaining Contractual Life	91 months
Options Outstanding, Number \| shares	29,000
Options Outstanding, Weighted Average Exercise Price	$ 34.91
Options Exercisable, Number \| shares	11,600
Options Exercisable, Weighted Average Exercise Price	$ 34.91
103 mo.
Defined Contribution Plan Disclosure [Line Items]
Weighted Average Remaining Contractual Life	103 months
Options Outstanding, Number \| shares	14,500
Options Outstanding, Weighted Average Exercise Price	$ 53.82
Options Exercisable, Number \| shares	2,900
Options Exercisable, Weighted Average Exercise Price	$ 53.82
109 mo.
Defined Contribution Plan Disclosure [Line Items]
Weighted Average Remaining Contractual Life	109 months
Options Outstanding, Number \| shares	7,500
Options Outstanding, Weighted Average Exercise Price	$ 46.59
Options Exercisable, Weighted Average Exercise Price	$ 46.59
116 mo.
Defined Contribution Plan Disclosure [Line Items]
Weighted Average Remaining Contractual Life	116 months
Options Outstanding, Number \| shares	36,500
Options Outstanding, Weighted Average Exercise Price	$ 46.94
Options Exercisable, Weighted Average Exercise Price	$ 46.94

Income Taxes - Schedule of net

Income Taxes - Schedule of net deferred tax assets (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Jun. 30, 2022
Deferred tax assets:
Provision for losses on loans	$ 12,101	$ 7,761
Accrued compensation and benefits	974	828
NOL carry forwards acquired	709	57
Low income tax credit carry forward	1,192
Unrealized loss on other real estate	818	72
Unrealized loss on available for sale securities	6,174	4,921
Total deferred tax assets	21,968	13,639
Deferred tax liabilities:
Purchase accounting adjustments	2,348	224
Depreciation	4,276	1,974
FHLB stock dividends	120	120
Prepaid expenses	728	415
Other	1,636	181
Total deferred tax liabilities	9,108	2,914
Net deferred tax asset	$ 12,860	$ 10,725

Income Taxes - Reconciliation o

Income Taxes - Reconciliation of income tax expense at statutory rate (Details) - USD ($) $ in Thousands	3 Months Ended												12 Months Ended
	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Effective Income Tax Rate Reconciliation, Amount [Abstract]
Tax at statutory rate													$ 10,387	$ 12,580	$ 12,538
Nontaxable municipal income													(327)	(349)	(453)
State tax, net of Federal benefit													46	812	1,018
Cash surrender value of Bank-owned life insurance													(318)	(245)	(378)
Tax credit benefits													(19)	(45)	(11)
Other, net													457	(18)	(189)
TOTAL INCOME TAXES	$ 3,939	$ 578	$ 3,267	$ 2,442	$ 3,602	$ 2,358	$ 3,288	$ 3,487	$ 3,529	$ 3,096	$ 3,153	$ 2,747	$ 10,226	$ 12,735	$ 12,525

Income Taxes - Additional Infor

Income Taxes - Additional Information (Details) - USD ($)	12 Months Ended
Income Taxes - Additional Information (Details) - USD ($)	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Income Taxes
Interest or penalties on income taxes	$ 0	$ 0
Federal Net Operating Loss Carryforwards	3,200,000
State Net Operating Loss Carryforwards	$ 0
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	21%	21%	21%

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income (AOCI) - Components of AOCI (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2020
Accumulated Other Comprehensive Income (Loss) [Line Items]
AOCI, included in stockholders' equity	$ (28,095)	$ (22,404)
Tax effect	6,170	4,917
Net of tax amount	446,058	320,772	$ 283,423	$ 258,347
Net unrealized loss on securities available-for-sale
Accumulated Other Comprehensive Income (Loss) [Line Items]
AOCI, included in stockholders' equity	(28,062)	(22,366)
Net unrealized gain on securities available-for-sale securities for which a portion of an other-than-temporary impairment has been recognized in income
Accumulated Other Comprehensive Income (Loss) [Line Items]
AOCI, included in stockholders' equity	(1)	(1)
Unrealized gain from defined benefit pension plan
Accumulated Other Comprehensive Income (Loss) [Line Items]
AOCI, included in stockholders' equity	(32)	(37)
Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income (Loss) [Line Items]
Net of tax amount	$ (21,925)	$ (17,487)	$ 2,882	$ 4,447

Accumulated Other Comprehensi_4

Accumulated Other Comprehensive Income (AOCI) - Reclassification out of AOCI (Details) - Reclassification out of Accumulated Other Comprehensive Income. - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Accumulated Other Comprehensive Income (Loss) [Line Items]
Amortization of defined benefit pension items	$ 5	$ (11)
Defined Benefit Plan, Net Periodic Benefit (Cost) Credit, Amortization of Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Compensation and benefits	Compensation and benefits
Total reclassified amount before tax	$ 5	$ (11)
Provision for income tax
Accumulated Other Comprehensive Income (Loss) [Line Items]
Tax benefit	1	(2)
Net Income
Accumulated Other Comprehensive Income (Loss) [Line Items]
Total reclassification out of AOCI	$ 4	$ (9)

Stockholders' Equity and Regu_3

Stockholders' Equity and Regulatory Capital (Details) $ in Thousands	Jun. 30, 2023 USD ($)	Jun. 30, 2022 USD ($)
Southern Bank \| Total Capital (to Risk-Weighted Assets)
Capital	$ 454,699	$ 352,169
Capital to Risk Weighted Assets	0.1177	0.1290
Capital Required for Capital Adequacy	$ 308,932	$ 218,397
Capital Required for Capital Adequacy to Risk Weighted Assets	0.0800	0.0800
Capital Required to be Well Capitalized	$ 386,166	$ 272,996
Capital Required to be Well Capitalized to Risk Weighted Assets	0.1000	0.1000
Southern Bank \| Tier I Capital (to Risk-Weighted Assets)
Capital	$ 407,764	$ 325,183
Capital to Risk Weighted Assets	0.1056	0.1191
Capital Required for Capital Adequacy	$ 231,699	$ 163,797
Capital Required for Capital Adequacy to Risk Weighted Assets	0.0600	0.0600
Capital Required to be Well Capitalized	$ 308,932	$ 218,397
Capital Required to be Well Capitalized to Risk Weighted Assets	0.0800	0.0800
Southern Bank \| Tier I Capital (to Average Assets)
Capital	$ 407,764	$ 325,183
Capital to Risk Weighted Assets	0.0954	0.1022
Capital Required for Capital Adequacy	$ 170,942	$ 127,333
Capital Required for Capital Adequacy to Risk Weighted Assets	0.0400	0.0400
Capital Required to be Well Capitalized	$ 213,677	$ 159,167
Capital Required to be Well Capitalized to Risk Weighted Assets	0.0500	0.0500
Southern Bank \| Common Equity Tier I Capital (to Risk-Weighted Assets)
Capital	$ 407,764	$ 325,183
Capital to Risk Weighted Assets	0.1056	0.1191
Capital Required for Capital Adequacy	$ 173,774	$ 122,848
Capital Required for Capital Adequacy to Risk Weighted Assets	0.0450	0.0450
Capital Required to be Well Capitalized	$ 251,008	$ 177,447
Capital Required to be Well Capitalized to Risk Weighted Assets	0.0650	0.0650
Consolidated \| Total Capital (to Risk-Weighted Assets)
Capital	$ 481,236	$ 370,013
Capital to Risk Weighted Assets	0.1252	0.1342
Capital Required for Capital Adequacy	$ 307,528	$ 220,558
Capital Required for Capital Adequacy to Risk Weighted Assets	0.0800	0.0800
Consolidated \| Tier I Capital (to Risk-Weighted Assets)
Capital	$ 426,644	$ 335,316
Capital to Risk Weighted Assets	0.1110	0.1216
Capital Required for Capital Adequacy	$ 230,646	$ 165,418
Capital Required for Capital Adequacy to Risk Weighted Assets	0.0600	0.0600
Consolidated \| Tier I Capital (to Average Assets)
Capital	$ 426,644	$ 335,316
Capital to Risk Weighted Assets	0.0995	0.1041
Capital Required for Capital Adequacy	$ 171,470	$ 128,822
Capital Required for Capital Adequacy to Risk Weighted Assets	0.0400	0.0400
Consolidated \| Common Equity Tier I Capital (to Risk-Weighted Assets)
Capital	$ 411,196	$ 319,971
Capital to Risk Weighted Assets	0.1070	0.1161
Capital Required for Capital Adequacy	$ 172,985	$ 124,064
Capital Required for Capital Adequacy to Risk Weighted Assets	0.0450	0.0450

Stockholders' Equity and Regu_4

Stockholders' Equity and Regulatory Capital - Additional Information (Details) $ in Thousands	12 Months Ended
	Jun. 30, 2023 USD ($)	Jun. 30, 2022 USD ($)	Apr. 30, 2021	Apr. 30, 2020	Jan. 01, 2020 USD ($)
Capital conservation buffer ratio	0.025
Amount of distributions as dividend of equity	$ 29,900
Assets	$ 4,360,211	$ 3,214,782
Minimum
Assets					$ 10,000,000
Tier I Capital (to Risk-Weighted Assets) \| Maximum
Minimum leverage ratio					0.09
Community Bank Leverage Ratio \| Maximum
Ratio of risk-based capital	9
2021 Year \| Community Bank Leverage Ratio \| Minimum
Minimum leverage ratio			0.085
2021 Year After \| Community Bank Leverage Ratio \| Minimum
Minimum leverage ratio				0.09

Commitments and Contingencies -

Commitments and Contingencies - Standby Letters of Credit: Letters of Credit (Details) - USD ($) $ in Millions	Jun. 30, 2023	Jun. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
Letters of credit outstanding amount	$ 7.1	$ 3.7

Commitments and Contingencies_2

Commitments and Contingencies - Off-balance-sheet and Credit Risk (Details) - USD ($) $ in Millions	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Unused Commitments to Extend Credit	$ 912	$ 707.7
Commitments to originate fixed rate loans	$ 213.3
Weighted-average rate	6.07%
Commitments extended period	30 days
Diversified portfolio, loans	$ 1,500
Minimum
Term	12 months
Commitments to originate fixed rate loans rates	3.95%
Maximum
Term	24 months
Commitments to originate fixed rate loans rates	11%

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												12 Months Ended
	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Earnings Per Share
Net Income													$ 39,237	$ 47,169	$ 47,180
Less: distributed earnings allocated to participating securities													(42)	(30)	(18)
Less: undistributed earnings allocated to participating securities													(150)	(165)	(135)
Net income available to common shareholders													$ 39,045	$ 46,974	$ 47,027
Weighted-average shares outstanding													10,124,766	8,994,022	9,007,814
Effect of dilutive securities stock options or awards													17,033	17,122	2,923
Denominator for diluted earnings per share													10,141,799	9,011,144	9,010,737
Basic earnings per share available to common stockholders	$ 1.37	$ 0.22	$ 1.26	$ 1.04	$ 1.41	$ 1.03	$ 1.35	$ 1.43	$ 1.53	$ 1.27	$ 1.33	$ 1.09	$ 3.86	$ 5.22	$ 5.22
Diluted earnings per share available to common stockholders	$ 1.37	$ 0.22	$ 1.26	$ 1.04	$ 1.41	$ 1.03	$ 1.34	$ 1.43	$ 1.53	$ 1.27	$ 1.32	$ 1.09	$ 3.85	$ 5.21	$ 5.22

Earnings Per Share - Additional

Earnings Per Share - Additional information (Details) - shares	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Employee Stock Option [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from the computation of diluted earnings per share	66,607	22,750	99,825
Restricted Stock
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from the computation of diluted earnings per share	66,607	22,750	99,825

Business Combinations - Additio

Business Combinations - Additional Information (Details)			12 Months Ended
Business Combinations - Additional Information (Details)	Jan. 20, 2023 USD ($) loan	Feb. 25, 2022 USD ($) loan	Jun. 30, 2023 USD ($)	Jun. 30, 2022 USD ($)	Dec. 15, 2021 USD ($)
Goodwill			$ 50,773,000	$ 27,288,000
Citizens
Transaction value	$ 133,169,000
Identifiable intangible assets	24,645,000
Goodwill	23,484,000
Goodwill tax deductible	0
Loan portfolio	461,500,000
Fair value discount	14,100,000
Fair value	419,500,000
Gross	$ 520,000,000
Number of PCD loans identified \| loan	48
PCD loans	$ 27,481,000
Citizens \| Noninterest expense
Third-party acquisition-related costs incurred			$ 4,900,000
Citizens \| Core Deposits
Identifiable intangible assets	$ 22,100,000
Acquired intangible assets useful life (in years)	10 years
Citizens \| Acquired trust and wealth management
Identifiable intangible assets	$ 2,600,000
Acquired intangible assets useful life (in years)	10 years
Fortune
Transaction value		$ 35,548,000
Identifiable intangible assets		1,602,000
Goodwill		12,756,000
Goodwill tax deductible		0
Business Combination, Separately Recognized Transactions, Additional Disclosures, Acquisition Cost Expensed, Financial Statement Caption			noninterest expense	noninterest expense
Loan portfolio		204,100,000
Fair value discount		2,100,000
Fair value		187,000,000
Gross		$ 211,000,000
Number of PCD loans identified \| loan		31
PCD loans		$ 15,055,000
Fortune \| Noninterest expense
Third-party acquisition-related costs incurred			$ 45,000	$ 1,400,000
Fortune \| 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
Third-party acquisition-related costs incurred			$ 0	$ 50,000

Business Combinations - Purchas

Business Combinations - Purchase price for the citizens bancshares acquisition (Details) - USD ($) $ in Thousands	Jan. 20, 2023	Jun. 30, 2023	Jun. 30, 2022
Recognized amounts of identifiable assets acquired and liabilities assumed
Goodwill		$ 50,773	$ 27,288
Citizens
Fair Value of Consideration Transferred
Cash	$ 34,889
Common stock, at fair value	98,280
Total consideration	133,169
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	9,366
Deposits	(851,140)
Securities sold under agreements to repurchase	(27,629)
Miscellaneous other liabilities	(7,784)
Total identifiable net liabilities	109,685
Goodwill	$ 23,484

Business Combinations - Pro For

Business Combinations - Pro Forma (Details) - Citizens - USD ($) $ in Thousands	5 Months Ended	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2023	Jun. 30, 2022
Business Acquisition [Line Items]
Acquired business contributed revenues	$ 11,600
Acquired business contributed earnings	$ 3,300
Revenue		$ 183,878	$ 166,101
Earnings		$ 51,156	$ 56,856

Business Combinations - Purch_2

Business Combinations - Purchase price for the fortune financial acquisition (Details) - USD ($) $ in Thousands	Feb. 25, 2022	Jun. 30, 2023	Jun. 30, 2022
Recognized amounts of identifiable assets acquired and liabilities assumed
Goodwill		$ 50,773	$ 27,288
Fortune
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 ($) $ in Thousands	Dec. 15, 2021	Jun. 30, 2023	Jun. 30, 2022
Recognized amounts of identifiable assets acquired and liabilities assumed
Goodwill		$ 50,773	$ 27,288
First National Bank, Cairo
Fair Value of Consideration Transferred
Cash received	$ (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

Fair Value Measurements - Fair

Fair Value Measurements - Fair value of Assets Measured on a Recurring Basis and Nonrecurring Basis (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Jun. 30, 2022
Nonrecurring Measurements
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Foreclosed and repossessed assets held for sale	$ 1,472
Fair Value, Inputs, Level 3 \| Nonrecurring Measurements
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Foreclosed and repossessed assets held for sale	1,472
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	42,568	$ 44,479
US States and Political Subdivisions Debt Securities [Member] \| Fair Value, Inputs, Level 2 \| Recurring Measurements
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities	42,568	44,479
Corporate Segment [Member] \| Recurring Measurements
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities	32,538	19,887
Corporate Segment [Member] \| Fair Value, Inputs, Level 2 \| Recurring Measurements
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities	32,538	19,887
Asset backed securities \| Recurring Measurements
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities	68,626
Asset backed securities \| Fair Value, Inputs, Level 2 \| Recurring Measurements
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities	68,626
Other Debt Obligations [Member] \| Recurring Measurements
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities	3,570	443
Other Debt Obligations [Member] \| Fair Value, Inputs, Level 2 \| Recurring Measurements
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities	3,570	443
Total MBS and CMOs \| Recurring Measurements
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities	270,252	170,585
Total MBS and CMOs \| Fair Value, Inputs, Level 2 \| Recurring Measurements
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities	$ 270,252	$ 170,585

Fair Value Measurements - Losse

Fair Value Measurements - Losses Recognized on Assets Measured on a Nonrecurring Basis (Details) - Nonrecurring Measurements - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2023	Jun. 30, 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	$ 60	$ (503)
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	$ 60	$ (503)

Fair Value Measurements - Unobs

Fair Value Measurements - Unobservable (Level 3) inputs (Details) - Nonrecurring Measurements - Fair Value, Inputs, Level 3 - Foreclosed and repossessed assets $ in Thousands	12 Months Ended
	Jun. 30, 2023 USD ($)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value Measurements Nonrecurring Unobservable Inputs	$ 1,472
Fair Value Measurements Nonrecurring Weighted Average Discount Applied	14.9
Third party appraisal
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value Measurements Nonrecurring Valuation Technique	Third party appraisal
Third party appraisal \| Marketability discount
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value Measurements Nonrecurring Unobservable Inputs	Marketability discount
Third party appraisal \| Marketability discount \| Minimum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value Measurements Nonrecurring Range of discounts Applied	14.90%
Third party appraisal \| Marketability discount \| Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value Measurements Nonrecurring Range of discounts Applied	14.90%

Fair Value Measurements - Sched

Fair Value Measurements - Schedule of financial instruments (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Financial assets
Cash and cash equivalents	$ 53,979	$ 86,792
Interest-bearing time deposits	1,242	4,768
Stock in FHLB	11,540	5,893
Stock in Federal Reserve Bank of St. Louis	9,061	5,790
Loans receivable, net	3,571,078	2,686,198
Accrued interest receivable	18,871	11,052
Financial liabilities
Deposits	3,725,540	2,815,075
Advances from FHLB	133,514	37,957
Accrued interest payable	4,723	801
Subordinated debt	23,105	23,055
Fair Value, Inputs, Level 1
Financial assets
Cash and cash equivalents	53,979	86,792
Financial liabilities
Deposits	2,661,479	2,176,444
Fair Value, Inputs, Level 2
Financial assets
Interest-bearing time deposits	1,242	4,768
Stock in FHLB	11,540	5,893
Stock in Federal Reserve Bank of St. Louis	9,061	5,790
Accrued interest receivable	18,871	11,052
Financial liabilities
Advances from FHLB	131,821	35,916
Accrued interest payable	4,723	801
Fair Value, Inputs, Level 3
Financial assets
Loans receivable, net	3,393,791	2,655,882
Financial liabilities
Deposits	1,053,650	637,163
Subordinated debt	$ 20,318	$ 22,070

Condensed Parent Company Only_3

Condensed Parent Company Only Financial Statements - Balance Sheets (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2020
Cash and cash equivalents	$ 53,979	$ 86,792
TOTAL ASSETS	4,360,211	3,214,782
Subordinated debt	23,105	23,055
TOTAL LIABILITIES	3,914,153	2,894,010
Stockholders' equity	446,058	320,772
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	4,360,211	3,214,782
Parent Company
Cash and cash equivalents	13,442	8,964	$ 1,193	$ 4,576
Other assets	52,178	28,691
Investment in common stock of Bank	404,247	306,549
TOTAL ASSETS	469,867	344,204
Accrued expenses and other liabilities	704	377
Subordinated debt	23,105	23,055
TOTAL LIABILITIES	23,809	23,432
Stockholders' equity	446,058	320,772
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 469,867	$ 344,204

Condensed Parent Company Only_4

Condensed Parent Company Only Financial Statements - Statements of Income (Details) - USD ($) $ in Thousands	3 Months Ended												12 Months Ended
	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Interest income	$ 54,283	$ 48,286	$ 38,851	$ 34,996	$ 31,572	$ 28,339	$ 28,096	$ 28,860	$ 27,532	$ 27,100	$ 27,871	$ 26,972	$ 176,416	$ 116,867	$ 109,475
Interest expense	18,065	14,519	10,600	6,487	3,814	3,225	3,038	3,223	3,586	3,951	4,344	4,908	49,671	13,300	16,789
NET INTEREST INCOME	36,218	33,767	28,251	28,509	27,758	25,114	25,058	25,637	23,946	23,149	23,527	22,064	126,745	103,567	92,686
Income tax benefit	(3,939)	(578)	(3,267)	(2,442)	(3,602)	(2,358)	(3,288)	(3,487)	(3,529)	(3,096)	(3,153)	(2,747)	(10,226)	(12,735)	(12,525)
NET INCOME	$ 15,560	$ 2,409	$ 11,664	$ 9,604	$ 13,084	$ 9,351	$ 11,985	$ 12,749	$ 13,688	$ 11,458	$ 12,048	$ 9,986	39,237	47,169	47,180
Parent Company
Interest income													32	14	13
Interest expense													1,439	686	534
NET INTEREST INCOME													(1,407)	(672)	(521)
Dividends from Bank													48,000	31,000	12,000
Operating expenses													3,041	1,124	599
Income before income taxes and equity in undistributed income of the Bank													43,552	29,204	10,880
Income tax benefit													552	321	235
Income before equity in undistributed income of the Bank													44,104	29,525	11,115
Equity in undistributed income of the Bank													(4,867)	17,644	36,065
NET INCOME													39,237	47,169	47,180
COMPREHENSIVE INCOME													$ 34,799	$ 26,800	$ 45,615

Condensed Parent Company Only_5

Condensed Parent Company Only Financial Statements - Cash Flows (Details) - USD ($) $ in Thousands	3 Months Ended												12 Months Ended
	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Net Income (Loss)	$ 15,560	$ 2,409	$ 11,664	$ 9,604	$ 13,084	$ 9,351	$ 11,985	$ 12,749	$ 13,688	$ 11,458	$ 12,048	$ 9,986	$ 39,237	$ 47,169	$ 47,180
NET CASH PROVIDED BY OPERATING ACTIVITIES													62,023	67,342	51,762
NET CASH USED IN INVESTING ACTIVITIES													(213,405)	(303,928)	(101,918)
Dividends on common stock													8,632	7,194	5,598
NET CASH PROVIDED BY FINANCING ACTIVITIES													118,552	199,803	119,503
(Decrease) increase in cash and cash equivalents													(32,830)	(36,783)	69,347
Cash and cash equivalents at beginning of period				86,792									86,792
Cash and cash equivalents at end of period	53,979				86,792								53,979	86,792
Parent Company
Net Income (Loss)													39,237	47,169	47,180
Equity in undistributed income of the Bank													4,867	(17,644)	(36,065)
Other adjustments, net													388	(698)	(559)
NET CASH PROVIDED BY OPERATING ACTIVITIES													44,492	28,827	10,556
Investments in Bank subsidiaries													(31,382)	(8,024)
NET CASH USED IN INVESTING ACTIVITIES													(31,382)	(8,024)
Dividends on common stock													(8,632)	(7,194)	(5,598)
Payments to acquire treasury stock														(5,838)	(8,341)
NET CASH PROVIDED BY FINANCING ACTIVITIES													(8,632)	(13,032)	(13,939)
(Decrease) increase in cash and cash equivalents													4,478	7,771	(3,383)
Cash and cash equivalents at beginning of period				$ 8,964				$ 1,193				$ 4,576	8,964	1,193	4,576
Cash and cash equivalents at end of period	$ 13,442				$ 8,964				$ 1,193				$ 13,442	$ 8,964	$ 1,193

Quarterly Financial Data (Una_3

Quarterly Financial Data (Unaudited) - Summary of Quarterly Operating Data (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended												12 Months Ended
	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Quarterly Financial Data (Unaudited)
Interest income	$ 54,283	$ 48,286	$ 38,851	$ 34,996	$ 31,572	$ 28,339	$ 28,096	$ 28,860	$ 27,532	$ 27,100	$ 27,871	$ 26,972	$ 176,416	$ 116,867	$ 109,475
Interest expense	18,065	14,519	10,600	6,487	3,814	3,225	3,038	3,223	3,586	3,951	4,344	4,908	49,671	13,300	16,789
NET INTEREST INCOME	36,218	33,767	28,251	28,509	27,758	25,114	25,058	25,637	23,946	23,149	23,527	22,064	126,745	103,567	92,686
Provision (benefit) for credit / loan losses	795	10,072	1,138	5,056	240	1,552		(305)	(2,615)	(409)	1,000	1,000	17,061	1,487	(1,024)
Noninterest income	8,951	6,284	5,456	5,513	6,499	4,904	5,285	4,515	4,857	4,524	5,720	4,941	26,204	21,203	20,042
Noninterest expense	24,875	26,992	17,638	16,920	17,331	16,757	15,070	14,221	14,201	13,528	13,046	13,272	86,425	63,379	54,047
Income before income taxes	19,499	2,987	14,931	12,046	16,686	11,709	15,273	16,236	17,217	14,554	15,201	12,733	49,463	59,904	59,705
Income tax expense	3,939	578	3,267	2,442	3,602	2,358	3,288	3,487	3,529	3,096	3,153	2,747	10,226	12,735	12,525
NET INCOME	$ 15,560	$ 2,409	$ 11,664	$ 9,604	$ 13,084	$ 9,351	$ 11,985	$ 12,749	$ 13,688	$ 11,458	$ 12,048	$ 9,986	$ 39,237	$ 47,169	$ 47,180
Basic earnings per share	$ 1.37	$ 0.22	$ 1.26	$ 1.04	$ 1.41	$ 1.03	$ 1.35	$ 1.43	$ 1.53	$ 1.27	$ 1.33	$ 1.09	$ 3.86	$ 5.22	$ 5.22
Diluted earnings per share	$ 1.37	$ 0.22	$ 1.26	$ 1.04	$ 1.41	$ 1.03	$ 1.34	$ 1.43	$ 1.53	$ 1.27	$ 1.32	$ 1.09	$ 3.85	$ 5.21	$ 5.22

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended												12 Months Ended
Pay vs Performance Disclosure - USD ($) $ in Thousands	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Pay vs Performance Disclosure
Net Income (Loss)	$ 15,560	$ 2,409	$ 11,664	$ 9,604	$ 13,084	$ 9,351	$ 11,985	$ 12,749	$ 13,688	$ 11,458	$ 12,048	$ 9,986	$ 39,237	$ 47,169	$ 47,180

Insider Trading Arrangements

Insider Trading Arrangements	12 Months Ended
Insider Trading Arrangements	Jun. 30, 2023
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false