Southern Missouri Bancorp (SMBC) 10-K 13 Sep 24 2024 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($) $ in Millions	12 Months Ended
	Jun. 30, 2024	Sep. 08, 2024	Dec. 31, 2023
Cover [Abstract]
Document Type	10-K
Document Annual Report	true
Document Transition Report	false
Document Period End Date	Jun. 30, 2024
Entity Central Index Key	0000916907
Securities Act File Number	0-23406
Entity Registrant Name	SOUTHERN MISSOURI BANCORP, INC.
Entity Incorporation, State or Country Code	MO
Entity Tax Identification Number	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
Security Exchange Name	NASDAQ
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	true
Document Financial Statement Error Correction [Flag]	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		11,277,737
Current Fiscal Year End Date	--06-30
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	FY
Amendment Flag	false
Entity Public Float			$ 356.8
Auditor Name	Forvis Mazars, LLP
Auditor Firm ID	686
Auditor Location	Springfield, Missouri

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2024	Jun. 30, 2023
Assets
Cash and cash equivalents	$ 60,904	$ 53,979
Interest-bearing time deposits	491	1,242
Available for sale securities (Note 2)	427,903	417,554
Stock in FHLB of Des Moines	8,713	11,540
Stock in Federal Reserve Bank of St. Louis	9,089	9,061
Loans receivable, net of ACL of $52,516 and $47,820 at June 30, 2024 and June 30, 2023, respectively, (Note 3)	3,797,287	3,571,078
Accrued interest receivable	23,826	18,871
Premises and equipment, net (Note 4)	95,952	92,397
Bank owned life insurance - cash surrender value	73,601	71,684
Goodwill	50,727	50,773
Other intangible assets, net	26,505	30,472
Prepaid expenses and other assets	29,318	31,560
Total assets	4,604,316	4,360,211
Liabilities and Stockholders' Equity
Deposits (Note 5)	3,952,457	3,725,540
Advances from FHLB (Note 6)	102,050	133,514
Accounts payable and other liabilities	25,037	27,271
Accrued interest payable	12,868	4,723
Subordinated debt (Note 7)	23,156	23,105
Total liabilities	4,115,568	3,914,153
Commitments and contingencies (Note 12)
Common stock, $.01 par value; 25,000,000 shares authorized; 11,959,157 and 11,919,087 shares issued at June 30, 2024 and June 30, 2023, respectively	120	119
Additional paid-in capital	219,680	218,260
Retained earnings	311,376	270,720
Treasury stock of 681,420 and 588,625 shares at June 30, 2024 and June 30, 2023, respectively, at cost	(24,973)	(21,116)
Accumulated other comprehensive loss	(17,455)	(21,925)
Total stockholders' equity	488,748	446,058
Total liabilities and stockholders' equity	$ 4,604,316	$ 4,360,211

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2024	Jun. 30, 2023
CONSOLIDATED BALANCE SHEETS
Loans And Leases Receivable Allowance	$ 52,516	$ 47,820
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	11,959,157	11,919,087
Treasury Stock	681,420	588,625

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022
Interest Income
Loans	$ 222,512	$ 162,224	$ 111,495
Investment securities	6,877	5,324	2,197
Mortgage-backed securities	14,631	6,967	2,738
Other interest-earning assets	4,355	1,901	437
TOTAL INTEREST INCOME	248,375	176,416	116,867
Interest Expense
Deposits	102,157	44,392	11,822
Securities sold under agreements to repurchase		213
Advances from FHLB	4,993	3,627	792
Subordinated debt	1,742	1,439	686
TOTAL INTEREST EXPENSE	108,892	49,671	13,300
NET INTEREST INCOME	139,483	126,745	103,567
Provision for credit losses (Note 3)	3,600	17,061	1,487
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES	135,883	109,684	102,080
Noninterest Income
Deposit account charges and related fees	7,399	7,671	6,450
Bank card interchange income	5,744	5,260	4,224
Loan late charges	579	534	553
Loan servicing fees	1,277	1,483	946
Other loan fees	2,375	3,142	2,369
Net realized gains on sale of loans	713	875	1,598
Net realized losses on sale of AFS securities	(1,489)
Earnings on bank owned life insurance	1,911	1,516	1,168
Insurance brokerage commissions	1,217	1,228	608
Wealth management fees	3,166	2,178	1,814
Other income	1,952	2,317	1,473
TOTAL NONINTEREST INCOME	24,844	26,204	21,203
Noninterest Expense
Compensation and benefits	53,253	46,896	35,611
Occupancy and equipment, net	14,405	11,220	9,248
Data processing expense	8,968	7,756	5,996
Telecommunications expense	1,928	1,679	1,273
Deposit insurance premiums	2,463	1,470	743
Legal and professional fees	1,731	4,051	1,362
Advertising	2,119	1,772	1,496
Postage and office supplies	1,237	1,197	823
Intangibles amortization	4,071	2,633	1,441
Foreclosed property expenses	148	90	522
Other operating expense	7,294	7,661	4,864
TOTAL NONINTEREST EXPENSE	97,617	86,425	63,379
INCOME BEFORE INCOME TAXES	63,110	49,463	59,904
Income Taxes (Note 9)
Current	12,234	11,200	13,352
Deferred	694	(974)	(617)
TOTAL INCOME TAXES	12,928	10,226	12,735
NET INCOME	$ 50,182	$ 39,237	$ 47,169
Basic earnings per share	$ 4.42	$ 3.86	$ 5.22
Diluted earnings per share	4.42	3.85	5.21
Dividends paid	$ 0.84	$ 0.84	$ 0.80

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
NET INCOME	$ 50,182	$ 39,237	$ 47,169
Other comprehensive income (loss):
Unrealized gains (losses) on securities available-for-sale	4,234	(5,696)	(26,100)
Less: reclassification adjustment for realized losses included in net income	(1,489)
Defined benefit pension plan net gain (loss)	5	5	(11)
Tax (expense) benefit	(1,258)	1,253	5,742
Total other comprehensive income (loss)	4,470	(4,438)	(20,369)
Comprehensive Income	$ 54,652	$ 34,799	$ 26,800

CONSOLIDATED STATEMENTS OF STOC

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Common Stock	Additional Paid-in Capital	Retained Earnings	Treasury Stock, Common Stock	Accumulated Other Comprehensive Income (Loss)	Total
BEGINNING BALANCE at Jun. 30, 2021	$ 94	$ 95,585	$ 200,140	$ (15,278)	$ 2,882	$ 283,423
Net Income			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
Net Income			50,182			50,182
Change in unrealized gain on available for sale securities, net					4,465	4,465
Defined benefit pension plan net gain (loss)					5	5
Dividends paid on common stock			(9,526)			(9,526)
Stock option expense		333				333
Stock grant expense		696				696
Exercise of stock options		391				391
Common stock issued	1					1
Treasury stock purchased				(3,857)		(3,857)
ENDING BALANCE at Jun. 30, 2024	$ 120	$ 219,680	$ 311,376	$ (24,973)	$ (17,455)	$ 488,748

CONSOLIDATED STATEMENTS OF ST_2

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (Parenthetical) - $ / shares	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022
CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY
Dividends paid on common stock	$ 0.84	$ 0.84	$ 0.80

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022
Cash Flows From Operating Activities:
NET INCOME	$ 50,182	$ 39,237	$ 47,169
Adjustments, Noncash Items, to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities [Abstract]
Depreciation	6,021	4,923	4,480
Loss (gain) on disposal of fixed assets		(444)	3
Stock Option and Stock Grant Expense	(1,029)	(839)	(697)
Loss (gain) on sale/write-down of foreclosed property	74	(44)	460
Amortization of Intangible Assets	4,071	2,633	1,441
Accretion of purchase accounting adjustments	(5,325)	(3,737)	(1,565)
Increase in cash surrender value of bank owned life insurance (BOLI)	(1,911)	(1,516)	(1,168)
Provision for credit losses	3,600	17,061	1,487
Loss realized on sale of AFS securities	1,489
Net (accretion) amortization of premiums and discounts on securities	(842)	776	1,198
Originations of loans held for sale	(21,857)	(21,419)	(42,808)
Proceeds from sales of loans held for sale	22,044	21,548	44,004
Gain on sales of loans held for sale	(713)	(875)	(1,598)
Changes in:
Accrued interest receivable	(4,955)	(5,400)	(391)
Prepaid expenses and other assets	8,943	5,449	9,681
Accounts payable and other liabilities	(141)	580	5,016
Deferred income taxes	414	(974)	(617)
Accrued interest payable	8,145	3,386	(147)
NET CASH PROVIDED BY OPERATING ACTIVITIES	70,268	62,023	67,342
Cash flows from investing activities:
Net increase in loans	(228,444)	(447,208)	(281,544)
Net change in interest-bearing deposits	744	1,227	(1,488)
Proceeds from maturities of available for sale securities	42,322	35,368	40,474
Proceeds from sales of available for sale securities	32,243	136,714
Net redemptions (purchases) of Federal Home Loan Bank stock	2,827	(4,473)	691
Net purchases of Federal Reserve Bank of St. Louis stock	(28)	(3,271)	(759)
Purchases of available-for-sale securities	(79,837)	(132,032)	(96,144)
Purchases of long-term investment	(410)	(195)	(383)
Purchases of premises and equipment	(9,047)	(6,039)	(4,617)
Net cash received in acquisition		208,336	48,767
Investments in state & federal tax credits	(7,381)	(7,867)	(11,276)
Proceeds from sale of fixed assets	15	3,724	928
Proceeds from sale of foreclosed assets	1,261	2,041	1,423
Proceeds from Life Insurance Policy		270
NET CASH USED IN INVESTING ACTIVITIES	(245,735)	(213,405)	(303,928)
Cash flows from financing activities:
Net (decrease) increase in demand deposits and savings accounts	(53,833)	(245,130)	273,356
Net increase (decrease) in certificates of deposits	280,768	304,494	(31,221)
Net decrease in securities sold under agreements to repurchase		(27,629)
Proceeds from FHLBank Advance, Investing Activities	303,200	1,913,830
Repayments of Federal Home Loan Bank advances	(334,752)	(1,818,381)	(29,300)
Common stock issued	1	98,280	22,884
Exercise of stock options	391
Purchase of treasury stock	(3,857)		(5,838)
Dividends paid on common stock	(9,526)	(8,632)	(7,194)
NET CASH PROVIDED BY FINANCING ACTIVITIES	182,392	118,552	199,803
Increase (decrease) in cash and cash equivalents	6,925	(32,830)	(36,783)
Cash and cash equivalents at beginning of period	53,979	86,809	123,592
Cash and cash equivalents at end of period	60,904	53,979	86,809
Cash Flow, Noncash Investing and Financing Activities Disclosure [Abstract]
Conversion of loans to foreclosed real estate	1,376	1,073	127
Conversion of foreclosed real estate to loans		960
Conversion of loans to repossessed assets	209	108	26
Right of use assets obtained in exchange for lease obligations: Operating Leases	2,332	216	95
Termination of lease right of use asset and related lease obligation	1,401
Cash paid during the period for:
Interest (net of interest credited)	7,706	5,649	2,057
Income taxes	$ 2,298	4,307	361
Fortune
In conjunction with the acquisition, liabilities were assumed as follows:
Fair value of assets acquired			267,913
Less: common stock issued			22,885
Cash received			12,663
Liabilities assumed			232,365
First National Bank, Cairo
In conjunction with the acquisition, liabilities were assumed as follows:
Fair value of assets acquired			1,707
Liabilities assumed			28,859
Cash paid			$ 27,151
Citizens Bancshares Company
In conjunction with the acquisition, liabilities were assumed as follows:
Fair value of assets acquired		1,019,722
Less: common stock issued		98,280
Liabilities assumed		886,553
Cash paid		$ 34,889

Organization and Summary of Sig

Organization and Summary of Significant Accounting Policies	12 Months Ended
	Jun. 30, 2024
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. Material estimates that are particularly susceptible to significant change relate to the determination of the allowance for credit losses. 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, 2024, or June 30, 2023. 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 utilizes the remaining life method. The DCF model implements probability of default (“PD”) and loss given default (“LGD”) calculations at the instrument level. PD and LGD are determined based on 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. Loans acquired in a business combination that have experienced more-than-insignificant deterioration in credit quality since origination are considered purchased credit deteriorated (“PCD”) loans. At the acquisition date, an estimate of expected credit losses is made for groups of PCD loans with similar risk characteristics and individual PCD loans without similar risk characteristics. This initial ACL is allocated to individual PCD loans and added to the purchase price or acquisition date fair values to establish the initial amortized cost basis of the PCD loans. As the initial ACL is added to the purchase price, there is no credit loss expense recognized upon acquisition of a PCD loan. Any difference between the unpaid principal balance of PCD loans and the amortized cost basis is considered to relate to non-credit factors and results in a discount or premium. Discounts and premiums are recognized through interest income on a level-yield method over the life of the loans. Loan fees and certain direct loan origination costs are deferred, and the net fee or cost is recognized as an adjustment to interest income using the interest method over the contractual life of the loans. Off-Balance Sheet Credit Exposures. occur and is included in other liabilities on the Company’s consolidated balance sheets. The Company records an ACL on off-balance sheet credit exposures, unless the commitments to extend credit are unconditionally cancelable. Foreclosed Real Estate. Valuations are periodically performed by management, and an allowance for losses is established by a charge to operations if the carrying value of a property exceeds its estimated fair value, less estimated selling costs. Loans to facilitate the sale of real estate acquired in foreclosure are discounted if made at less than market rates. Discounts are amortized over the fixed interest period of each loan using the interest method. Premises and Equipment. Depreciation is computed by use of straight-line method over the estimated useful lives of the assets. Estimated lives are generally seven three Bank Owned Life Insurance. Goodwill. Intangible Assets. five The Company records mortgage servicing rights (MSR) at fair value for all loans sold on a servicing retained basis with subsequent adjustments to fair value of MSR in accordance with FASB ASC 860. An estimate of the fair value of the Company’s MSR is determined utilizing assumptions about factors such as mortgage interest rates, discount rates, mortgage loan prepayment speeds, market trends and industry demand. Changes in the fair value of MSR are recorded in loan servicing fees in the consolidated statements of income. 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. Derivative Financial Instruments and Hedging Activities. The Company enters into derivative financial instruments, primarily interest rate swaps, to manage interest rate risk, facilitate asset/liability management strategies and manage other exposures. Derivatives and Hedging”, which requires companies to recognize derivative instruments as either assets or liabilities in the consolidated balance sheet. All derivative financial instruments are recognized as other assets or other liabilities, as applicable, at estimated fair value. The change in each of these financial statement line items is included as operating cash flows in the accompanying consolidated statements of cash flows. The Company does not speculate using derivative instruments. Derivative financial instruments are more fully described in Note 16. 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 January 2021, the FASB 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. On December 14, 2023, FASB published 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 was effective for fiscal years beginning after December 15, 2023, and will be effective for the Company beginning July 1, 2024. The adoption of ASU 2023-02 is not expected to have a material impact on the Company’s consolidated financial statements. On July 1, 2023, the Company adopted 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.” The adoption of this update did not have a material impact on the Company’s consolidated financial statements. In December 2023, the FASB issued ASU 2023-09, “Income Taxes - Improvements to Income Tax Disclosures (Topic 740)”. ASU 2023-09 was issued to address requests by investors and creditors for enhanced transparency and decision usefulness of income tax disclosures. Public business entities (PBEs) would be required to prepare an annual detailed, tabular tax rate reconciliation. All other entities would be required to provide qualitative disclosure on specific categories and individual jurisdictions that result in significant differences between the statutory and effective tax rates. All entities would be required to annually disclose taxes paid disaggregated by federal, state, and foreign taxes, as well as disaggregating taxes by individual jurisdiction if taxes paid exceed 5% of total income taxes paid. The ASU is effective for PBEs for fiscal years beginning after December 15, 2024. The Company does not expect adoption of ASU 2023-09 to have a material impact on its consolidated financial statements.

Available for Sale Securities

Available for Sale Securities	12 Months Ended
	Jun. 30, 2024
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, 2024 ​ ​ ​ Gross Gross Allowance ​ Estimated ​ Amortized Unrealized Unrealized for Fair (dollars in thousands) Cost Gains Losses Credit Losses Value ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Debt securities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Obligations of states and political subdivisions ​ $ 29,960 ​ $ 4 ​ $ (2,211) ​ $ — ​ $ 27,753 Corporate obligations ​ ​ 32,998 ​ ​ 60 ​ ​ (1,781) ​ ​ — ​ ​ 31,277 Asset-backed securities ​ ​ 57,403 ​ ​ 1,525 ​ ​ (249) ​ ​ — ​ ​ 58,679 Other securities ​ 5,387 ​ 20 ​ (74) ​ — ​ 5,333 Total debt securities ​ ​ 125,748 ​ ​ 1,609 ​ ​ (4,315) ​ ​ — ​ ​ 123,042 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Mortgage-backed securities (MBS) and collateralized mortgage obligations (CMOs): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential MBS issued by governmental sponsored enterprises (GSEs) ​ ​ 110,918 ​ ​ 692 ​ ​ (6,855) ​ ​ — ​ ​ 104,755 Commercial MBS issued by GSEs ​ ​ 65,195 ​ ​ 297 ​ ​ (5,746) ​ ​ — ​ ​ 59,746 CMOs issued by GSEs ​ ​ 148,382 ​ ​ 82 ​ ​ (8,104) ​ ​ — ​ ​ 140,360 Total MBS and CMOs ​ 324,495 ​ 1,071 ​ (20,705) ​ — ​ ​ 304,861 Total AFS securities ​ $ 450,243 ​ $ 2,680 ​ $ (25,020) ​ $ — ​ $ 427,903 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2023 ​ ​ ​ Gross Gross ​ Allowance ​ Estimated ​ Amortized Unrealized Unrealized for Fair (dollars in thousands) Cost Gains Losses Credit Losses Value ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Debt 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 securities ​ ​ 152,469 ​ ​ 1,352 ​ ​ (6,519) ​ ​ — ​ ​ 147,302 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ MBS and 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 ​ 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, 2024 ​ Amortized Estimated (dollars in thousands) Cost Fair Value Within one year ​ $ 1,452 ​ $ 1,438 After one year but less than five years ​ 26,898 ​ 26,039 After five years but less than ten years ​ 50,306 ​ 48,237 After ten years ​ 47,092 ​ 47,328 Total investment securities ​ 125,748 ​ 123,042 MBS and CMOs ​ 324,495 ​ 304,861 Total AFS securities ​ $ 450,243 ​ $ 427,903 ​ The carrying value of investment and mortgage-backed securities pledged as collateral to secure public deposits amounted to Gross gains of $67,000 and gross losses of $1.6 million were recognized from sales of available-for-sale securities in fiscal 2024. There were 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, 2024. 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, 2024, was $312.9 million, which is approximately 73.1% of the Company’s AFS investment portfolio, as compared to $325.5 million or approximately 78.0% of the Company’s AFS investment portfolio at June 30, 2023. 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, 2024 and 2023. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Less than 12 months 12 months or more Total ​ ​ ​ ​ Unrealized ​ ​ ​ Unrealized ​ ​ ​ Unrealized (dollars in thousands) Fair Value Losses 21,762 Losses Fair Value Losses For the year ended June 30, 2024 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Obligations of state and political subdivisions ​ $ 3,720 ​ $ 38 ​ $ 21,762 ​ $ 2,173 ​ $ 25,482 ​ $ 2,211 Corporate obligations ​ ​ — ​ ​ — ​ ​ 25,295 ​ ​ 1,781 ​ ​ 25,295 ​ ​ 1,781 Asset-backed securities ​ ​ — ​ ​ — ​ ​ 7,234 ​ ​ 249 ​ ​ 7,234 ​ ​ 249 Other securities ​ ​ 4,404 ​ ​ 31 ​ ​ 287 ​ ​ 43 ​ ​ 4,691 ​ ​ 74 MBS and CMOs ​ 56,820 ​ 621 ​ 193,382 ​ 20,084 ​ 250,202 ​ 20,705 Total AFS securities ​ $ 64,944 ​ $ 690 ​ $ 247,960 ​ $ 24,330 ​ $ 312,904 ​ $ 25,020 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 ​ Obligations of state and political subdivisions Corporate and other Obligations. Asset-Backed securities. MBS and CMOs The Company does not believe that any individual unrealized loss as of June 30, 2024 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
	Jun. 30, 2024
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, 2024 June 30, 2023 Real Estate Loans: ​ ​ ​ ​ ​ ​ Residential ​ $ 1,185,692 ​ $ 1,133,417 Construction ​ 438,134 ​ 550,052 Commercial ​ 1,622,365 ​ 1,562,379 Consumer loans ​ 144,598 ​ 133,515 Commercial loans ​ 668,292 ​ 599,030 ​ ​ 4,059,081 ​ 3,978,393 Unfunded commitments on construction loans ​ (209,046) ​ (359,196) Deferred loan fees, net ​ (232) ​ (299) Allowance for credit losses ​ (52,516) ​ (47,820) Net loans ​ $ 3,797,287 ​ $ 3,571,078 ​ 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, 2024, the Bank had purchased participation interests in 71 loans totaling $178.5 million, as compared to 86 loans totaling $155.6 million at June 30, 2023, 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 the Company’s 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. 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 Commercial lending risk is primarily driven by the borrower’s successful generation of cash flow from their business enterprise sufficient to service debt, and may be influenced by factors specific to the borrower and industry, or by general economic conditions in the region or in the United States generally. Agricultural production or equipment lending includes unique risk factors such as commodity prices, yields, input costs, and weather, as well as farm equipment values. Allowance for Credit Losses negative PCL for off-balance sheet exposures, as construction draws reduced available credit and increased on-balance sheet exposure. During the fiscal year ended June 30, 2023, the ACL required for PCD loans acquired in the Citizens merger was ● economic conditions and projections as provided by the Federal Open Market Committee (“FOMC”) were utilized in the Company’s estimate at June 30, 2024. The June 30, 2023, ACL estimate utilized projections from Moody's Analytics, incorporating both baseline and downside scenarios. This change was driven by the automated integration of data within our model. Economic factors considered in the projections included national and state levels of unemployment using the high bound of the FOMC’s central tendency, and national and state rates of inflation-adjusted growth in the gross domestic product using the low bound of the FOMC’s central tendency. Economic conditions are considered to be a moderate and stable risk factor, relative to June 30, 2023; ● 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 slightly decreasing factor, relative to June 30, 2023; ● levels and trends for loan delinquencies nationally and in the region. This is considered to be a low and stable risk factor, relative to June 30, 2023; ● quantified supported model adjustments and general imprecision adjustments. This factor was added for the June 30, 2024, ACL estimate as certain model adjustments capture highly specific issues or events that are not adequately captured in model outcomes. General imprecision adjustments address other sources of imprecision that are not specifically identifiable or quantifiable to a particular loan portfolio and have not been captured by the model or by a specific model adjustment. The Company considers general imprecision in three dimensions; economic forecast imprecision, model imprecision, and process imprecision. 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 unfunded commitment on contruction loans and deferred loan fees) based on portfolio segment as of June 30, 2024 and 2023, and activity in the ACL for the fiscal years ended June 30, 2024, 2023, and 2022: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (dollars in thousands) Residential ​ ​ Construction ​ Commercial ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2024 Real Estate Real Estate Real Estate Consumer Commercial Total Allowance for credit losses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance, beginning of period ​ $ 15,641 ​ $ 2,664 ​ $ 22,838 ​ $ 909 ​ $ 5,768 ​ $ 47,820 Provision (benefit) charged to expense ​ ​ 713 ​ ​ (174) ​ ​ 4,100 ​ ​ 482 ​ ​ 1,504 ​ ​ 6,625 Losses charged off ​ ​ (515) ​ ​ (289) ​ ​ (496) ​ ​ (360) ​ ​ (395) ​ ​ (2,055) Recoveries ​ ​ — ​ ​ — ​ ​ 18 ​ ​ 71 ​ ​ 37 ​ ​ 126 Balance, end of period ​ $ 15,839 ​ $ 2,201 ​ $ 26,460 ​ $ 1,102 ​ $ 6,914 ​ $ 52,516 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (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 (benefit) 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 ​ The following tables present the balance in the allowance for off-balance credit exposure based on portfolio segment as of June 30, 2024 and 2023, and activity in the allowance for the fiscal years ended June 30, 2024, 2023 and 2022: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (dollars in thousands) Residential ​ ​ Construction ​ Commercial ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2024 Real Estate Real Estate Real Estate Consumer Commercial Total Allowance for off-balance sheet credit exposure: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance, beginning of period ​ $ 71 ​ $ 4,809 ​ $ 475 ​ $ 73 ​ $ 860 ​ $ 6,288 Provision (benefit) charged to expense ​ ​ 16 ​ ​ (2,917) ​ ​ (105) ​ ​ 3 ​ ​ (22) ​ ​ (3,025) Balance, end of period ​ $ 87 ​ $ 1,892 ​ $ 370 ​ $ 76 ​ $ 838 ​ $ 3,263 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (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 (benefit) 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 ​ The current fiscal year-to-date gross charge-offs by loan class and year of origination is presented in the following table: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Revolving ​ ​ ​ (dollars in thousands) 2024 2023 2022 2021 2020 Prior loans Total Real Estate Loans: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential ​ $ — ​ $ — ​ $ 382 ​ $ 97 ​ $ — ​ $ 36 ​ $ — ​ $ 515 Construction ​ — ​ 100 ​ 78 ​ 111 ​ — ​ — ​ — ​ 289 Commercial ​ — ​ 496 ​ — ​ — ​ — ​ — ​ — ​ 496 Consumer loans ​ 38 ​ 162 ​ 106 ​ 41 ​ — ​ 13 ​ — ​ 360 Commercial loans ​ — ​ 190 ​ 195 ​ 10 ​ — ​ — ​ — ​ 395 Total current-period gross charge-offs ​ $ 38 ​ $ 948 ​ $ 761 ​ $ 259 ​ $ — ​ $ 49 ​ $ — ​ $ 2,055 ​ 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 unfunded commitments on construction loans and deferred loan fees) based on rating category and year of origination as of June 30, 2024. This table includes PCD loans, which are reported according to risk categorization after acquisition based on the Company’s standards for such classification: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Revolving ​ ​ ​ (dollars in thousands) 2024 2023 2022 2021 2020 Prior loans Total Residential Real Estate ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 191,083 ​ $ 308,691 ​ $ 275,456 ​ $ 217,361 ​ $ 86,265 ​ $ 93,234 ​ $ 10,706 ​ $ 1,182,796 Watch ​ 814 ​ 247 ​ 87 ​ 396 ​ 98 ​ 23 ​ — ​ 1,665 Special Mention ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — Substandard ​ — ​ 797 ​ — ​ 183 ​ — ​ 251 ​ — ​ 1,231 Doubtful ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — Total Residential Real Estate ​ $ 191,897 ​ $ 309,735 ​ $ 275,543 ​ $ 217,940 ​ $ 86,363 ​ $ 93,508 ​ $ 10,706 ​ $ 1,185,692 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Construction Real Estate ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 76,007 ​ $ 131,981 ​ $ 18,130 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 226,118 Watch ​ 64 ​ 2,906 ​ — ​ — ​ — ​ — ​ — ​ 2,970 Special Mention ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — Substandard ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — Doubtful ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — Total Construction Real Estate ​ $ 76,071 ​ $ 134,887 ​ $ 18,130 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 229,088 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial Real Estate ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 251,759 ​ $ 389,523 ​ $ 449,298 ​ $ 243,066 ​ $ 73,189 ​ $ 91,232 ​ $ 47,322 ​ $ 1,545,389 Watch ​ 6,762 ​ 22,825 ​ 1,715 ​ 1,667 ​ 4,702 ​ 2,585 ​ 519 ​ 40,775 Special Mention ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — Substandard ​ 6,660 ​ 360 ​ 27,882 ​ 283 ​ — ​ 428 ​ 588 ​ 36,201 Doubtful ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — Total Commercial Real Estate ​ $ 265,181 ​ $ 412,708 ​ $ 478,895 ​ $ 245,016 ​ $ 77,891 ​ $ 94,245 ​ $ 48,429 ​ $ 1,622,365 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Consumer ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 33,371 ​ $ 18,309 ​ $ 6,829 ​ $ 2,944 ​ $ 829 ​ $ 1,348 ​ $ 80,852 ​ $ 144,482 Watch ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — Special Mention ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — Substandard ​ — ​ 2 ​ 59 ​ 3 ​ 30 ​ — ​ 22 ​ 116 Doubtful ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — Total Consumer ​ $ 33,371 ​ $ 18,311 ​ $ 6,888 ​ $ 2,947 ​ $ 859 ​ $ 1,348 ​ $ 80,874 ​ $ 144,598 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 168,459 ​ $ 77,654 ​ $ 52,879 ​ $ 52,486 ​ $ 6,256 ​ $ 10,448 ​ $ 293,963 ​ $ 662,145 Watch ​ 1,281 ​ 328 ​ 247 ​ — ​ — ​ 355 ​ 622 ​ 2,833 Special Mention ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — Substandard ​ 930 ​ 299 ​ 1,063 ​ 17 ​ 116 ​ 839 ​ 50 ​ 3,314 Doubtful ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — Total Commercial ​ $ 170,670 ​ $ 78,281 ​ $ 54,189 ​ $ 52,503 ​ $ 6,372 ​ $ 11,642 ​ $ 294,635 ​ $ 668,292 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 720,679 ​ $ 926,158 ​ $ 802,592 ​ $ 515,857 ​ $ 166,539 ​ $ 196,262 ​ $ 432,843 ​ $ 3,760,930 Watch ​ 8,921 ​ 26,306 ​ 2,049 ​ 2,063 ​ 4,800 ​ 2,963 ​ 1,141 ​ 48,243 Special Mention ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — Substandard ​ 7,590 ​ 1,458 ​ 29,004 ​ 486 ​ 146 ​ 1,518 ​ 660 ​ 40,862 Doubtful ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — Total ​ $ 737,190 ​ $ 953,922 ​ $ 833,645 ​ $ 518,406 ​ $ 171,485 ​ $ 200,743 ​ $ 434,644 ​ $ 3,850,035 ​ At June 30, 2024, PCD loans comprised $40.9 million of credits rated “Pass”; $8.4 million of credits rated “Watch”; none rated “Special Mention”; $3.1 million of credits rated “Substandard”; and none rated “Doubtful”. The following table presents the credit risk profile of the Company’s loan portfolio (excluding unfunded commitments on construction loans 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: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Revolving ​ ​ ​ (dollars in thousands) 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”. Past Due Loans. loans, which are reported according to aging analysis after acquisition based on the Company’s standards for such classification: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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, 2024 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Real Estate Loans: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential ​ $ 520 ​ $ 1,848 ​ $ 478 ​ $ 2,846 ​ $ 1,182,846 ​ $ 1,185,692 ​ $ — Construction ​ 213 ​ 376 ​ — ​ 589 ​ 228,499 ​ 229,088 ​ — Commercial ​ 1,042 ​ 1 ​ 1,095 ​ 2,138 ​ 1,620,227 ​ 1,622,365 ​ — Consumer loans ​ 476 ​ 311 ​ 130 ​ 917 ​ 143,681 ​ 144,598 ​ — Commercial loans ​ 877 ​ 85 ​ 1,749 ​ 2,711 ​ 665,581 ​ 668,292 ​ — Total loans ​ $ 3,128 ​ $ 2,621 ​ $ 3,452 ​ $ 9,201 ​ $ 3,840,834 ​ $ 3,850,035 ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 ​ At June 30, 2024 there was one PCD loan totaling $560,000 that was greater than 90 days past due, and none at June 30, 2023 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. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Allowance on (dollars in thousands) ​ Commercial ​ Residential ​ ​ ​ ​ ​ Collateral June 30, 2024 ​ Real Estate ​ Real Estate ​ Other ​ Total ​ Dependent Loans Real estate loans ​ ​ ​ ​ ​ 1- to 4-family residential real estate $ — ​ $ 797 ​ $ — ​ $ 797 ​ $ 116 Commercial real estate ​ ​ 23,457 ​ ​ — ​ ​ — ​ ​ 23,457 ​ ​ 10,175 Commercial ​ ​ — ​ ​ — ​ ​ 2,705 ​ ​ 2,705 ​ ​ 635 Total loans ​ $ 23,457 ​ $ 797 ​ $ 2,705 ​ $ 26,959 ​ $ 10,926 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Allowance on (dollars in thousands) ​ Commercial ​ Residential ​ Construction ​ ​ ​ Collateral June 30, 2023 ​ Real Estate ​ Real Estate ​ Real Estate ​ Total ​ Dependent Loans Real estate loans ​ ​ ​ ​ ​ 1- to 4-family residential $ — ​ $ 837 ​ $ — ​ $ 837 ​ $ 156 Construction real estate ​ ​ — ​ ​ — ​ ​ 642 ​ ​ 642 ​ ​ 79 Commercial real estate ​ ​ 4,897 ​ ​ — ​ ​ — ​ ​ 4,897 ​ ​ 666 Total loans ​ $ 4,897 ​ $ 837 ​ $ 642 ​ $ 6,376 ​ $ 901 ​ The increase in commercial real estate collateral dependent loans is due primarily to two metropolitan area hotel relationships being individually analyzed as of June 30, 2024. In 2023, the Company was previously evaluating its non-owner occupied commercial real estate pool for qualitative adjustments related to similar loans. Nonaccrual Loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, (dollars in thousands) 2024 2023 Residential real estate ​ $ 798 ​ $ 934 Construction real estate ​ — ​ 698 Commercial real estate ​ 3,106 ​ 4,564 Consumer loans ​ 135 ​ 256 Commercial loans ​ 2,641 ​ 1,091 Total loans ​ $ 6,680 ​ $ 7,543 ​ At June 30, 2024, 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, 2024 and 2023, was immaterial. Modifications to Borrowers Experiencing Financial Difficulty. During fiscal 2024, two loan modifications, totaling $859,000 , were made to loans for borrowers experiencing financial difficulty. Loans classified as modifications to borrowers experiencing financial difficulty outstanding at June 30, 2024 are shown in the following table segregated by portfolio segment and type of modification. The percentage of amortized cost of loans that were modified compared to total outstanding loans is also presented below. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2024 ​ ​ ​ ​ ​ Term ​ Interest ​ Total Class of ​ Principal ​ Payment ​ Extension ​ Rate ​ Financing ​ Forgiveness Delays Modifications Reduction Receivable ​ (dollars in thousands) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential real estate $ — ​ $ — ​ $ — ​ $ — ​ — % Construction real estate — ​ — ​ — ​ — ​ — % Commercial real estate — ​ — ​ — ​ — ​ — % Consumer loans — ​ — ​ — ​ — ​ — % Commercial loans — ​ 859 ​ — ​ — ​ 0.13 % Total $ — ​ $ 859 ​ $ — ​ $ — ​ 0.02 % ​ Both loan modifications made during fiscal 2024 were more than 90 days past due, and were classified as substandard at June 30, 2024. Both of these loans defaulted in fiscal 2024. For modifications to loans made to borrowers experiencing financial difficulty that are adversely classified, the Company determines the allowance for credit losses on an individual basis, using the same process that it utilizes for other adversely classified loans. Troubled Debt Restructurings During fiscal 2023, there were no loans modified as TDRs. Performing loans classified as TDRs and outstanding at June 30, 2023, segregated by class, are shown in the table below. Nonperforming TDRs at June 30, 2023 are shown in the nonaccrual loans table above. ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2023 ​ ​ Number of ​ Recorded (dollars in thousands) modifications Investment Residential real estate 10 ​ $ 3,438 Construction real estate — ​ — Commercial real estate 6 ​ 24,017 Consumer loans — ​ — Commercial loans 6 ​ 2,310 Total 22 ​ $ 29,765 ​ 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, 2024 and 2023, respectively: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, (dollars in thousands) 2024 2023 Beginning Balance $ 10,547 ​ $ 10,614 Additions 6,465 ​ 6,374 Repayments (5,911) ​ (7,223) Change in related party — ​ 782 Ending Balance $ 11,101 ​ $ 10,547 ​

Premises and Equipment

Premises and Equipment	12 Months Ended
	Jun. 30, 2024
Premises and Equipment
Premises and Equipment	NOTE 4: Premises and Equipment Following is a summary of premises and equipment: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, (dollars in thousands) ​ 2024 2023 Land ​ $ 15,376 ​ $ 15,415 Buildings and improvements ​ 84,474 ​ 79,661 Construction in progress ​ 829 ​ 450 Furniture, fixtures, equipment and software ​ 27,850 ​ 26,404 Automobiles ​ 112 ​ 122 Operating leases ROU asset ​ 6,669 ​ 6,125 ​ ​ 135,310 ​ 128,177 Less accumulated depreciation ​ 39,358 ​ 35,780 ​ ​ $ 95,952 ​ $ 92,397 ​ Leases 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, 2024 and 2023, 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 fourth year of a twenty year term. ASU 2016-02 also requires certain other accounting elections. The Company elected the short-term lease recognition exemption for all leases that qualify, meaning those with terms under twelve months. ROU assets or lease liabilities are not to be recognized for short-term leases. The calculated amount of the ROU assets and lease liabilities in the table below are impacted by the length of the lease term and the discount rate used to present value the minimum lease payments. The Company’s lease agreements often include one or more options to renew at the Company’s discretion. If at lease inception, the Company considers the exercising of a renewal option to be reasonably certain, the Company will include the extended term in the calculation of the ROU asset and lease liability. Regarding the discount rate, the ASU requires the use of the rate implicit in the lease whenever this rate is readily determinable. As this rate is rarely determinable, the Company utilizes its incremental borrowing rate at lease inception over a similar term. The range of discount rate utilized was 5.0% to 8.5%. The expected lease terms range from 18 months to 20 years. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At or For the Twelve ​ At or For the Twelve ​ ​ Months Ended ​ Months Ended (dollars in thousands) ​ June 30, 2024 ​ June 30, 2023 Consolidated Balance Sheet ​ ​ ​ ​ ​ ​ Operating leases right of use asset ​ $ 6,669 ​ $ 6,125 Operating leases liability ​ $ 6,669 ​ $ 6,125 ​ ​ ​ ​ ​ ​ ​ Consolidated Statement of Income ​ ​ ​ ​ ​ ​ Operating lease costs classified as occupancy and equipment expense ​ $ 1,215 ​ $ 720 (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 ​ $ 840 ​ $ 524 ROU assets obtained in exchange for operating lease obligations: ​ $ 2,445 ​ $ — ​ ​ For the years ended June 30, 2024 and 2023, lease expense was $1.2 million and $720,000, respectively. At June 30, 2024, future expected lease payments for leases with terms exceeding one year were as follows: ​ ​ ​ ​ ​ (dollars in thousands) ​ 2025 ​ $ 772 2026 ​ 720 2027 ​ 714 2028 ​ 729 2029 ​ 748 Thereafter ​ 8,298 Future lease payments expected ​ $ 11,981 ​

Deposits

Deposits	12 Months Ended
	Jun. 30, 2024
Deposits
Deposits	​ NOTE 5: Deposits Deposits are summarized as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, (dollars in thousands) 2024 2023 Non-interest bearing accounts ​ $ 514,107 ​ $ 597,600 NOW accounts ​ 1,239,663 ​ 1,328,423 Money market deposit accounts ​ 336,799 ​ 452,728 Savings accounts ​ 517,084 ​ 282,753 ​ ​ ​ ​ ​ TOTAL NON-MATURITY DEPOSITS ​ 2,607,653 ​ 2,661,504 Certificates ​ ​ ​ ​ 0.00-0.99% ​ 17,862 ​ 92,533 1.00-1.99% ​ 33,395 ​ 109,564 2.00-2.99% ​ 46,195 ​ 186,538 3.00-3.99% ​ 149,095 ​ 109,780 4.00-4.99% ​ 671,562 ​ 472,546 5.00-5.99% ​ 421,816 ​ 93,057 6.00% and above ​ 4,879 ​ 18 TOTAL CERTIFICATES ​ 1,344,804 ​ 1,064,036 TOTAL DEPOSITS ​ 3,952,457 ​ 3,725,540 ​ The aggregate amount of deposits with a minimum denomination of $250,000 was $1.2 billion at June 30, 2024 and 2023. Certificate maturities are summarized as follows: ​ ​ ​ ​ ​ (dollars in thousands) ​ ​ July 1, 2024 to June 30, 2025 ​ $ 1,082,571 July 1, 2025 to June 30, 2026 ​ ​ 101,415 July 1, 2026 to June 30, 2027 ​ ​ 64,802 July 1, 2027 to June 30, 2028 ​ ​ 65,916 July 1, 2028 to June 30, 2029 ​ ​ 30,005 Thereafter ​ ​ 95 TOTAL ​ $ 1,344,804 ​ Brokered certificates totaled $171.8 million and $146.5 million at June 30, 2024 and 2023, respectively. Deposits from executive officers, directors, significant shareholders and their affiliates (related parties) held by the Company at June 30, 2024 and 2023 totaled approximately $6.5 million and $6.6 million, respectively.

Advances from Federal Home Loan

Advances from Federal Home Loan Bank	12 Months Ended
	Jun. 30, 2024
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 ​ 2024 ​ 2023 ​ ​ ​ ​ (dollars in thousands) ​ 07/24/23 ​ 0.59 % $ — ​ $ 998 ​ 11/15/23 ​ 0.57 % ​ — ​ ​ 993 ​ 03/06/24 ​ 0.95 % ​ — ​ ​ 3,000 ​ 03/28/24 ​ 2.56 % ​ — ​ ​ 8,000 ​ 07/24/24 ​ 0.66 % ​ 1,995 ​ ​ 1,966 ​ 08/13/24 ​ 1.88 % ​ 3,000 ​ ​ 3,000 ​ 03/06/25 ​ 1.01 % ​ 3,000 ​ ​ 3,000 ​ 07/15/25 ​ 0.77 % ​ 1,967 ​ ​ 1,939 ​ 04/20/26 ​ 4.39 % ​ 5,000 ​ ​ 5,000 ​ 06/22/26 ​ 4.55 % ​ 5,000 ​ ​ 5,000 ​ 06/26/26 ​ 4.49 % ​ 5,000 ​ ​ 5,000 ​ 07/17/26 ​ 4.54 % ​ 5,000 ​ ​ — ​ 07/22/26 ​ 1.10 % ​ 1,951 ​ ​ 1,929 ​ 12/14/26 ​ 2.65 % ​ 137 ​ ​ 189 ​ 04/12/27 ​ 4.04 % ​ 5,000 ​ ​ 5,000 ​ 04/27/27 ​ 4.07 % ​ 5,000 ​ ​ 5,000 ​ 05/03/27 ​ 3.95 % ​ 5,000 ​ ​ 5,000 ​ 05/12/27 ​ 3.86 % ​ 5,000 ​ ​ 5,000 ​ 06/22/27 ​ 4.38 % ​ 5,000 ​ ​ 5,000 ​ 06/25/27 ​ 4.34 % ​ 5,000 ​ ​ 5,000 ​ 07/19/27 ​ 4.37 % ​ 5,000 ​ ​ — ​ 03/23/28 ​ 3.85 % ​ 10,000 ​ ​ 10,000 ​ 03/24/28 ​ 3.93 % ​ 10,000 ​ ​ 10,000 ​ 06/22/28 ​ 4.21 % ​ 5,000 ​ ​ 5,000 ​ 06/26/28 ​ 4.18 % ​ 5,000 ​ ​ 5,000 ​ 07/18/28 ​ 4.19 % ​ 5,000 ​ ​ — ​ Overnight ​ 5.35 % ​ — ​ ​ 33,500 ​ ​ ​ TOTAL ​ $ 102,050 ​ $ 133,514 ​ Weighted-average rate ​ ​ ​ ​ 3.82 % ​ 3.95 % ​ Of the advances outstanding at June 30, 2024, none are callable by the FHLB prior to maturity. In addition to the above advances, the Bank had additional available credit amounting to $742.5 million and $541.3 million with the FHLB at June 30, 2024 and 2023, respectively. Advances from FHLB of Des Moines are secured by FHLB stock and commercial real estate loans, one- to four-family mortgage loans and multi-family mortgage loans pledged. To secure outstanding advances and the Bank’s line of credit, loans totaling $1.4 billion and $1.1 billion were pledged to the FHLB at June 30, 2024 and 2023, respectively. The principal maturities of FHLB advances at June 30, 2024, are below: ​ ​ ​ ​ ​ ​ ​ June 30, 2024 FHLB Advance Maturities (dollars in thousands) July 1, 2024 to June 30, 2025 ​ $ 7,995 July 1, 2025 to June 30, 2026 ​ ​ 16,967 July 1, 2026 to June 30, 2027 ​ ​ 37,088 July 1, 2027 to June 30, 2028 ​ ​ 35,000 July 1, 2028 to June 30, 2029 ​ ​ 5,000 TOTAL ​ $ 102,050 ​

Subordinated Debt

Subordinated Debt	12 Months Ended
	Jun. 30, 2024
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 SOFR. 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, 2024, the Debentures carried an interest rate of 8.35%. The balance of the Debentures outstanding was $7.2 million at June 30, 2024 and June 30, 2023. 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 SOFR, are now redeemable at par, and mature in 2035. At June 30, 2024, the current rate was 8.05%. The carrying value of the debt securities was approximately $2.8 million at June 30, 2024 and $2.7 million at June 30, 2023, respectively. 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 SOFR, are now redeemable at par, and mature in 2035. At June 30, 2024, the current rate was 7.40%. The carrying value of the debt securities was approximately $5.6 million and $5.5 million at June 30, 2024 and 2023, 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 was carried at a value of $467,000 at June 30, 2024. 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 ​

Employee Benefits

Employee Benefits	12 Months Ended
	Jun. 30, 2024
Employee Benefits
Employee Benefits	NOTE 8: Employee Benefits 401(k) Retirement Plan. 2008 Equity Incentive Plan EIP shares vested, while during fiscal 2022 there were 2003 Stock Option Plan As of June 30, 2024, no options remained outstanding and there was no remaining unrecognized compensation expense related to unvested stock options under the 2003 Plan. No options to purchase shares were vested in fiscal 2024, 2023 or 2022. There were 10,000 shares exercised in fiscal 2024, and none were exercised in fiscal 2023 or 2022. 2017 Omnibus Incentive Plan Under the 2017 Plan, as of June 30, 2024, options to purchase 161,500 shares have been granted to employees and directors, of which 6,000 options have been exercised, 15,000 have been forfeited, and 140,500 remain outstanding. As of June 30, 2024, there was $1.0 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, 2024, was $704,000, and 12,600 options were exercisable and out-of-the-money at June 30, 2024, with a strike price in excess of the market price. The intrinsic value of options vested in fiscal 2024, 2023, and 2022 was $126,000, $42,000, and $150,000, respectively. Full value awards totaling 26,600, 28,650, and 22,350 shares, respectively, were issued to employees and directors in fiscal 2024, 2023, and 2022. 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 2024, 2023, and 2022, full value awards of 16,624, 15,140, and 12,860 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 2024, 2023, and 2022 was $903,000, $833,000, and $548,000, respectively. At June 30, 2024, unvested compensation expense related to full value awards under the 2017 Plan was approximately $2.5 million. Changes in options outstanding under the 2003 Plan and the 2017 Plan were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2024 ​ 2023 ​ 2022 ​ ​ Weighted ​ ​ ​ Weighted ​ ​ ​ Weighted ​ ​ ​ ​ Average ​ ​ ​ Average ​ ​ ​ Average ​ ​ ​ ​ Price ​ Number ​ Price ​ Number ​ Price ​ Number Outstanding at beginning of year ​ $ 39.63 ​ 148,000 ​ $ 36.56 ​ 104,000 ​ $ 33.77 ​ 89,500 Granted ​ ​ 40.74 ​ 23,500 ​ ​ 38.58 ​ 44,000 ​ ​ 53.82 ​ 14,500 Exercised ​ ​ 24.49 ​ (16,000) ​ ​ — ​ — ​ ​ — ​ — Forfeited ​ 42.35 ​ (15,000) ​ — ​ — ​ — ​ — Outstanding at year-end ​ $ 34.43 ​ 140,500 ​ $ 39.63 ​ 148,000 ​ $ 36.56 ​ 104,000 Options exercisable at year-end ​ $ 38.44 ​ 65,800 ​ $ 33.89 ​ 63,700 ​ $ 31.92 ​ 44,900 ​ 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 2024, 2023, and 2022: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2024 ​ 2023 ​ 2022 ​ Assumptions: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Expected dividend yield ​ ​ 2.06 % ​ 1.79 % ​ 1.49 % Expected volatility ​ 34.89 % ​ 29.67 % ​ 28.02 % Risk-free interest rate ​ ​ 4.12 % ​ 3.79 % ​ 1.82 % Weighted-average expected life (years) ​ ​ 10.00 ​ ​ 10.00 ​ ​ 10.00 ​ Weighted-average fair value of options granted during the year ​ $ 15.88 ​ $ 16.68 ​ $ 16.38 ​ ​ ​ The table below summarizes information about stock options outstanding under the 2003 Plan and 2017 Plan at June 30, 2024: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted ​ Options Outstanding ​ Options Exercisable Average ​ ​ ​ Weighted ​ ​ ​ Weighted Remaining ​ ​ ​ Average ​ ​ ​ Average Contractual ​ Number ​ Exercise ​ Number ​ Exercise Life ​ Outstanding ​ Price ​ Exercisable ​ Price 43 mo. ​ 11,500 ​ ​ 37.31 ​ 11,500 ​ ​ 37.31 54 mo. ​ 15,500 ​ ​ 34.35 ​ 15,500 ​ ​ 34.35 68 mo. ​ 15,500 ​ ​ 37.40 ​ 12,400 ​ ​ 37.40 79 mo. ​ 23,000 ​ ​ 34.91 ​ 13,800 ​ ​ 34.91 91 mo. ​ 11,500 ​ ​ 53.82 ​ 4,600 ​ ​ 53.82 97 mo. ​ 7,500 ​ ​ 46.59 ​ 1,500 ​ ​ 46.59 104 mo. ​ 32,500 ​ ​ 46.94 ​ 6,500 ​ ​ 46.94 111 mo. ​ 3,500 ​ ​ 40.28 ​ — ​ ​ 40.28 115 mo. ​ 20,000 ​ ​ 40.82 ​ — ​ ​ 40.82 ​

Income Taxes

Income Taxes	12 Months Ended
	Jun. 30, 2024
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, 2019 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, 2024 June 30, 2023 Deferred tax assets: ​ ​ Provision for losses on loans ​ $ 12,159 ​ $ 12,101 Accrued compensation and benefits ​ 1,063 ​ 974 NOL carry forwards acquired ​ 30 ​ 709 Low income housing tax credit carry forward ​ 396 ​ 1,192 Unrealized loss on other real estate ​ 949 ​ 818 Unrealized loss on available for sale securities ​ ​ 4,915 ​ ​ 6,174 Total deferred tax assets ​ 19,512 ​ 21,968 ​ ​ ​ ​ ​ ​ ​ Deferred tax liabilities: ​ ​ ​ ​ Purchase accounting adjustments ​ 2,452 ​ 2,348 Depreciation ​ 4,519 ​ 4,276 FHLB stock dividends ​ 120 ​ 120 Prepaid expenses ​ 705 ​ 728 Other ​ 529 ​ 1,636 Total deferred tax liabilities ​ 8,325 ​ 9,108 Net deferred tax asset ​ $ 11,187 ​ $ 12,860 ​ As of June 30, 2024, the Company had approximately $137,000 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 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) ​ 2024 ​ 2023 ​ 2022 Tax at statutory rate ​ $ 13,253 ​ $ 10,387 ​ $ 12,580 Increase (reduction) in taxes resulting from: ​ ​ ​ ​ ​ ​ Nontaxable municipal income ​ (471) ​ (327) ​ (349) State tax, net of Federal benefit ​ 412 ​ 46 ​ 812 Cash surrender value of Bank-owned life insurance ​ (401) ​ (318) ​ (245) Tax credit benefits ​ (12) ​ (19) ​ (45) Other, net ​ 147 ​ 457 ​ (18) Actual provision ​ $ 12,928 ​ $ 10,226 ​ $ 12,735 ​ For the years ended June 30, 2024, 2023, and 2022, income tax expense at the statutory rate was calculated using a 21% annual effective tax rate (AETR). Tax credit benefits are recognized under the deferral method of accounting for investments in tax credits.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (AOCI)	12 Months Ended
	Jun. 30, 2024
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) 2024 2023 Net unrealized loss on securities available-for-sale ​ $ (22,339) ​ $ (28,062) Net unrealized gain on securities available-for-sale securities for which a portion of impairment has been recognized in income ​ ​ (1) ​ ​ (1) Unrealized gain from defined benefit pension plan ​ ​ (27) ​ ​ (32) ​ ​ ​ (22,367) ​ ​ (28,095) Tax effect ​ ​ 4,912 ​ ​ 6,170 Net of tax amount ​ $ (17,455) ​ $ (21,925) ​ Amounts reclassified from AOCI and the affected line items in the consolidated statements of income during the years ended June 30, 2024 and 2023, were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amounts Reclassified From AOCI ​ ​ ​ (dollars in thousands) ​ ​ ​ ​ ​ Affected Line Item in the Condensed ​ 2024 2023 Consolidated Statements of Income Unrealized gain on securities available-for-sale ​ $ (1,489) ​ $ — ​ ​ Net realized gains on sale of AFS securities Amortization of defined benefit pension items ​ $ 5 ​ $ 5 ​ ​ Compensation and benefits (included in computation of net periodic pension costs) Total reclassified amount before tax ​ ​ (1,484) ​ ​ 5 ​ ​ ​ Tax benefit ​ ​ (312) ​ ​ 1 ​ ​ Provision for income tax Total reclassification out of AOCI ​ $ (1,172) ​ $ 4 ​ ​ Net Income ​

Stockholders' Equity and Regula

Stockholders' Equity and Regulatory Capital	12 Months Ended
	Jun. 30, 2024
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, 2024 and 2023, that the Company and the Bank met all capital adequacy requirements to which they are subject. 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, 2024, 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, 2024 ​ Amount Ratio ​ ​ Amount Ratio ​ ​ Amount Ratio ​ (dollars in thousands) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Capital (to Risk-Weighted Assets) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Consolidated $ 524,023 13.23 % $ 316,979 8.00 % $ n/a n/a ​ Southern Bank ​ ​ 496,105 ​ 12.68 % ​ ​ 312,877 ​ 8.00 % ​ ​ 391,097 ​ 10.00 % Tier I Capital (to Risk-Weighted Assets) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Consolidated ​ ​ 467,027 ​ 11.79 % ​ ​ 237,734 ​ 6.00 % ​ ​ n/a ​ n/a ​ Southern Bank ​ ​ 447,192 ​ 11.43 % ​ ​ 234,658 ​ 6.00 % ​ ​ 312,877 ​ 8.00 % Tier I Capital (to Average Assets) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Consolidated ​ ​ 467,027 ​ 10.19 % ​ ​ 183,262 ​ 4.00 % ​ ​ n/a ​ n/a ​ Southern Bank ​ ​ 447,192 ​ 9.79 % ​ ​ 182,723 ​ 4.00 % ​ ​ 228,403 ​ 5.00 % Common Equity Tier I Capital (to Risk-Weighted Assets) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Consolidated ​ ​ 451,474 ​ 11.39 % ​ ​ 178,300 ​ 4.50 % ​ ​ n/a ​ n/a ​ Southern Bank ​ ​ 447,192 ​ 11.43 % ​ ​ 175,993 ​ 4.50 % ​ ​ 254,213 ​ 6.50 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 % ​ 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, 2024, approximately $30.2 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
	Jun. 30, 2024
Commitments and Contingencies.
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 $6.2 million at June 30, 2024, and $7.1 million at June 30, 2023, 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 $898.6 million in commitments to extend credit at June 30, 2024, and $912.0 million at June 30, 2023. At June 30, 2024, total commitments to originate fixed-rate loans with terms in excess of one year were $159.3 million at rates ranging from 4.95% to 9.00%, with a weighted-average rate of 7.04%. 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, 2024, 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
	Jun. 30, 2024
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) ​ 2024 ​ 2023 ​ 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net income ​ $ 50,182 ​ $ 39,237 ​ $ 47,169 Less: distributed earnings allocated to participating securities ​ (49) ​ (42) ​ (30) Less: undistributed earnings allocated to participating securities ​ (208) ​ (150) ​ (165) Net income available to common shareholders ​ $ 49,925 ​ $ 39,045 ​ $ 46,974 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Denominator for basic earnings per share - ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted-average shares outstanding ​ 11,292,634 ​ 10,124,766 ​ 8,994,022 Effect of dilutive securities stock options or awards ​ 8,645 ​ 17,033 ​ 17,122 Denominator for diluted earnings per share ​ ​ 11,301,279 ​ ​ 10,141,799 ​ ​ 9,011,144 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Basic earnings per share available to common stockholders ​ $ 4.42 ​ $ 3.86 ​ $ 5.22 Diluted earnings per share available to common stockholders ​ $ 4.42 ​ $ 3.85 ​ $ 5.21 ​ Certain option and restricted stock awards were excluded from the computation of diluted earnings per share because they were anti-dilutive, based on the average market prices of the Company’s common stock for these periods. Outstanding options and shares of restricted stock totaling 79,830, 66,607, and 22,750 were excluded from the computation of diluted earnings per share for the fiscal years ended June 30, 2024, 2023, and 2022, respectively.

Business Combinations

Business Combinations	12 Months Ended
	Jun. 30, 2024
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 years ended June 30, 2024 and 2023, the Company incurred $95,000 and $4.9 million, respectively, 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 ​ 226,497 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 ​ ​ 109,731 Goodwill ​ $ 23,438 ​ 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 $23.4 million was allocated to goodwill. None of the purchase price is deductible. Goodwill is attributable to synergies and economies of scale expected from combining the operations of the 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 line. The acquired business contributed revenues of $18.6 million and earnings of $2.7 million for the fiscal year ended June 30, 2024, and 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 year ended June 30, 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
	Jun. 30, 2024
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, 2024, 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) Assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Obligations of state and political subdivisions ​ $ 27,753 ​ $ — ​ $ 27,753 ​ $ — Corporate obligations ​ ​ 31,277 ​ ​ — ​ ​ 31,277 ​ ​ — Asset backed securities ​ ​ 58,679 ​ ​ — ​ ​ 58,679 ​ ​ — Other securities ​ 5,333 ​ — ​ 5,333 ​ — MBS and CMOs ​ 304,861 ​ — ​ 304,861 ​ — Mortgage servicing rights ​ ​ 2,448 ​ ​ — ​ ​ — ​ ​ 2,448 Derivative financial instruments ​ ​ 20 ​ ​ — ​ ​ 20 ​ ​ ​ Liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Derivative financial instruments ​ ​ 15 ​ ​ — ​ ​ 15 ​ ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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) Assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 ​ ​ — ​ 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, 2024. Available-for-sale Securities Derivative financial instruments. The Company’s derivative financial instruments consist of interest rate swaps on loans accounted for as fair value hedges. The fair value of interest rate swaps was determined by discounting the expected cash flows of the interest rate swaps. This valuation reflects the contractual terms of the interest rate swaps, including the period to maturity, and uses observable market-based inputs. The inputs used to value the Company’s interest rate swaps fall within Level 2 of the fair value hierarchy and as a result, the interest rate swaps were categorized as Level 2 within the fair value hierarchy. See information regarding the Company’s derivative financial agreements in Note 16: Derivative Financial Instruments of these Notes to Consolidated Financial Statements. Mortgage servicing rights: determined by utilizing assumptions about factors such as mortgage interest rates, discount rates, mortgage loan prepayment speeds, market trends and industry demand. All of the Company’s MSR are classified as Level 3. Nonrecurring Measurements ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value Measurements at June 30, 2024, 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 ​ $ 759 ​ $ — ​ $ — ​ $ 759 Collateral dependent loans ​ ​ 12,994 ​ ​ — ​ ​ — ​ ​ 12,994 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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) Foreclosed and repossessed assets held for sale ​ $ 1,472 ​ $ — ​ $ — ​ $ 1,472 ​ The following table presents losses recognized on assets measured on a non-recurring basis for the years ended June 30, 2024 and 2023: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (dollars in thousands) ​ 2024 ​ 2023 Foreclosed and repossessed assets held for sale ​ $ 74 ​ $ 60 Total losses on assets measured on a non-recurring basis ​ $ 74 ​ $ 60 ​ 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 Collateral-Dependent Loans. Unobservable (Level 3) Inputs ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Range ​ ​ ​ Fair value at ​ Valuation ​ Unobservable ​ of ​ Weighted-average (dollars in thousands) ​ June 30, 2024 ​ technique ​ inputs ​ inputs applied ​ inputs applied Nonrecurring Measurements ​ ​ Foreclosed and repossessed assets ​ $ 759 Third party appraisal Marketability discount 17.9 - 44.9 % 20.3 % Collateral dependent loans ​ ​ 12,994 Collateral value Marketability discount 14.5 -52.3 % 43.7 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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, 2024 ​ ​ ​ ​ ​ 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 ​ $ 60,904 ​ $ 60,904 ​ $ — ​ $ — Interest-bearing time deposits ​ 491 ​ — ​ 491 ​ — Stock in FHLB ​ 8,713 ​ — ​ 8,713 ​ — Stock in Federal Reserve Bank of St. Louis ​ 9,089 ​ — ​ 9,089 ​ — Loans receivable, net ​ 3,797,287 ​ — ​ — ​ 3,639,657 Accrued interest receivable ​ 23,826 ​ — ​ 23,826 ​ — Mortgage servicing assets ​ ​ 2,448 ​ ​ ​ ​ ​ ​ ​ ​ 2,448 Derivative financial instruments ​ ​ 20 ​ — ​ 20 ​ — Financial liabilities ​ ​ ​ ​ ​ ​ ​ ​ Deposits ​ 3,952,457 ​ 2,607,653 ​ — ​ 1,338,215 Advances from FHLB ​ 102,050 ​ — ​ 100,468 ​ — Accrued interest payable ​ 12,868 ​ — ​ 12,868 ​ — Subordinated debt ​ 23,156 ​ — ​ — ​ 20,576 Derivative financial instruments ​ ​ 15 ​ — ​ 15 ​ — Unrecognized financial instruments (net of contract amount) ​ ​ ​ ​ ​ ​ ​ ​ Commitments to originate loans ​ — ​ — ​ — ​ — Letters of credit ​ — ​ — ​ — ​ — Lines of credit ​ — ​ — ​ — ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 ​ — ​ — ​ — ​ — ​

Derivative Financial Instrument

Derivative Financial Instruments	12 Months Ended
	Jun. 30, 2024
Derivative Financial Instruments
Derivative Financial Instruments	NOTE 16: Derivative Financial Instruments ​ The Company enters into derivative financial instruments, primarily interest rate swaps, to convert certain long term fixed rate loans to floating rates to manage interest rate risk, facilitate asset/liability management strategies and manage other exposures. The fair value of derivative positions outstanding is included in other assets and other liabilities in the accompanying consolidated balance sheets and in the net change in each of these line items in the operating section of the accompanying consolidated statements of cash flows. The unrealized gains and losses, representing the change in fair value of the derivative is being recorded in interest income in the consolidated statements of income. The ineffective portions of the unrealized gains or losses, if any, are recorded in interest income and interest expense in the consolidated statements of income. The Company executed two interest rate swaps, designated as fair value hedges, with an original notional amounts of $20.0 million each , for a total of $40.0 million, during the fourth quarter of fiscal 2024, to convert certain long-term fixed rate 1-4 family loans to floating rates to hedge interest rate risk exposure. The portfolio layer method is being used, which allows the Company to designate a stated amount of the assets that are not expected to be affected by prepayments, defaults or other factors that could affect the timing and amount of the cash flow, as the hedged item. The effect of the swaps on loan interest income in the income statement during the year ended June 30, 2024 was not significant. The notional amounts and estimated fair values of the Company’s interest rate swaps at June 30, 2024 are presented in the table below. There were no interest rate swaps at June 30, 2023. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2024 ​ ​ ​ Fair Value ​ ​ Notional Other Other (dollars in thousands) ​ Amount Assets Liabilities ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 1-4 Family interest rate swaps ​ $ 40,000 ​ $ 20 ​ $ 15 ​ The carrying amount of the hedged assets, located in loans receivable, net and cumulative amount of fair value hedging adjustment included in the carrying amount of the hedged assets at June 30, 2024 are presented in the table below. There were no interest rate swaps at June 30, 2023. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2024 ​ Carrying Cumulative Amount of Fair Value ​ Amount of Hedging Adj Included in (dollars in thousands) Hedged Assets Carrying Amount of Hedged assets 1-4 Family interest rate swaps ​ $ 553,307 ​ $ 5 ​

Significant Estimates

Significant Estimates	12 Months Ended
	Jun. 30, 2024
Significant Estimates.
Significant Estimates	NOTE 17: 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 credit losses are described in Note 1. ​

Condensed Parent Company Only F

Condensed Parent Company Only Financial Statements	12 Months Ended
	Jun. 30, 2024
Condensed Parent Company Only Financial Statements
Condensed Parent Company Only Financial Statements	NOTE 18: 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) ​ 2024 2023 Condensed Balance Sheets ​ ​ Assets ​ ​ ​ Cash and cash equivalents ​ $ 13,967 ​ $ 13,442 Other assets ​ ​ 52,220 ​ ​ 52,178 Investment in common stock of Bank ​ ​ 446,131 ​ ​ 404,247 TOTAL ASSETS ​ $ 512,318 ​ $ 469,867 ​ ​ ​ ​ ​ ​ ​ Liabilities and Stockholders' Equity ​ ​ ​ ​ Accrued expenses and other liabilities ​ $ 414 ​ $ 704 Subordinated debt ​ ​ 23,156 ​ ​ 23,105 TOTAL LIABILITIES ​ ​ 23,570 ​ ​ 23,809 Stockholders' equity ​ ​ 488,748 ​ ​ 446,058 TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY ​ $ 512,318 ​ $ 469,867 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year ended June 30, (dollars in thousands) ​ 2024 ​ 2023 2022 Condensed Statements of Income ​ ​ Interest income ​ $ 41 ​ $ 32 ​ $ 14 Interest expense ​ 1,742 ​ ​ 1,439 ​ ​ 686 Net interest expense ​ (1,701) ​ ​ (1,407) ​ ​ (672) Dividends from Bank ​ ​ 16,000 ​ ​ 48,000 ​ ​ 31,000 Operating expenses ​ ​ 1,018 ​ ​ 3,041 ​ ​ 1,124 Income before income taxes and equity in undistributed income of the Bank ​ ​ 13,281 ​ ​ 43,552 ​ ​ 29,204 Income tax benefit ​ ​ 571 ​ ​ 552 ​ ​ 321 Income before equity in undistributed income of the Bank ​ ​ 13,852 ​ ​ 44,104 ​ ​ 29,525 Equity in undistributed income of the Bank ​ ​ 36,330 ​ ​ (4,867) ​ ​ 17,644 NET INCOME ​ $ 50,182 ​ $ 39,237 ​ $ 47,169 COMPREHENSIVE INCOME ​ $ 54,652 ​ $ 34,799 ​ $ 26,800 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year ended June 30, (dollars in thousands) 2024 2023 2022 Condensed Statements of Cash Flow ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash Flows from operating activities: ​ ​ Net income ​ $ 50,182 ​ $ 39,237 ​ $ 47,169 Changes in: ​ ​ ​ ​ ​ ​ ​ ​ Equity in undistributed income of the Bank ​ (36,330) ​ ​ 4,867 ​ ​ (17,644) Other adjustments, net ​ ​ 56 ​ ​ 388 ​ ​ (698) NET CASH PROVIDED BY OPERATING ACTIVITES ​ ​ 13,908 ​ ​ 44,492 ​ ​ 28,827 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 ​ ​ (9,526) ​ ​ (8,632) ​ ​ (7,194) Payments to acquire treasury stock ​ ​ (3,857) ​ ​ — ​ ​ (5,838) NET CASH USED IN FINANCING ACTIVITIES ​ ​ (13,383) ​ ​ (8,632) ​ ​ (13,032) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net increase in cash and cash equivalents ​ ​ 525 ​ ​ 4,478 ​ ​ 7,771 Cash and cash equivalents at beginning of year ​ ​ 13,442 ​ ​ 8,964 ​ ​ 1,193 CASH AND CASH EQUIVALENTS AT END OF YEAR ​ $ 13,967 ​ $ 13,442 ​ $ 8,964 ​

Quarterly Financial Data (Unaud

Quarterly Financial Data (Unaudited)	12 Months Ended
	Jun. 30, 2024
Quarterly Financial Data (Unaudited)
Quarterly Financial Data (Unaudited)	NOTE 19: Quarterly Financial Data (Unaudited) Quarterly operating data is summarized as follows (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2024 ​ First Second Third Fourth (dollars in thousands) ​ Quarter ​ Quarter ​ Quarter ​ Quarter Interest income ​ $ 58,107 ​ $ 61,576 ​ $ 64,025 ​ $ 64,667 Interest expense ​ 22,714 ​ 27,090 ​ 29,516 ​ 29,572 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net interest income ​ 35,393 ​ 34,486 ​ 34,509 ​ 35,095 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Provision for credit losses ​ 900 ​ 900 ​ 900 ​ 900 Noninterest income ​ ​ 5,853 ​ ​ 5,640 ​ ​ 5,584 ​ ​ 7,767 Noninterest expense ​ ​ 23,706 ​ ​ 23,860 ​ ​ 25,049 ​ ​ 25,002 Income before income taxes ​ 16,640 ​ 15,366 ​ 14,144 ​ 16,960 Income tax expense ​ 3,488 ​ 3,173 ​ 2,837 ​ 3,430 NET INCOME ​ $ 13,152 ​ $ 12,193 ​ $ 11,307 ​ $ 13,530 Basic earnings per share ​ $ 1.16 ​ $ 1.08 ​ $ 1.00 ​ $ 1.19 Diluted earnings per share ​ $ 1.16 ​ $ 1.07 ​ $ 0.99 ​ $ 1.19 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 credit 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 ​

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended												12 Months Ended
	Jun. 30, 2024	Mar. 31, 2024	Dec. 31, 2023	Sep. 30, 2023	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, 2024	Jun. 30, 2023	Jun. 30, 2022
Pay vs Performance Disclosure
Net Income (Loss)	$ 13,530	$ 11,307	$ 12,193	$ 13,152	$ 15,560	$ 2,409	$ 11,664	$ 9,604	$ 13,084	$ 9,351	$ 11,985	$ 12,749	$ 50,182	$ 39,237	$ 47,169

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Jun. 30, 2024
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

Organization and Summary of S_2

Organization and Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Jun. 30, 2024
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. Material estimates that are particularly susceptible to significant change relate to the determination of the allowance for credit losses.
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, 2024, or June 30, 2023. 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 utilizes the remaining life method. The DCF model implements probability of default (“PD”) and loss given default (“LGD”) calculations at the instrument level. PD and LGD are determined based on 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. Loans acquired in a business combination that have experienced more-than-insignificant deterioration in credit quality since origination are considered purchased credit deteriorated (“PCD”) loans. At the acquisition date, an estimate of expected credit losses is made for groups of PCD loans with similar risk characteristics and individual PCD loans without similar risk characteristics. This initial ACL is allocated to individual PCD loans and added to the purchase price or acquisition date fair values to establish the initial amortized cost basis of the PCD loans. As the initial ACL is added to the purchase price, there is no credit loss expense recognized upon acquisition of a PCD loan. Any difference between the unpaid principal balance of PCD loans and the amortized cost basis is considered to relate to non-credit factors and results in a discount or premium. Discounts and premiums are recognized through interest income on a level-yield method over the life of the loans. Loan fees and certain direct loan origination costs are deferred, and the net fee or cost is recognized as an adjustment to interest income using the interest method over the contractual life of the loans.
Off-Balance Sheet Credit Exposures	Off-Balance Sheet Credit Exposures. occur and is included in other liabilities on the Company’s consolidated balance sheets. The Company records an ACL on off-balance sheet credit exposures, unless the commitments to extend credit are unconditionally cancelable.
Foreclosed Real Estate	Foreclosed Real Estate. Valuations are periodically performed by management, and an allowance for losses is established by a charge to operations if the carrying value of a property exceeds its estimated fair value, less estimated selling costs. Loans to facilitate the sale of real estate acquired in foreclosure are discounted if made at less than market rates. Discounts are amortized over the fixed interest period of each loan using the interest method.
Premises and Equipment	Premises and Equipment. Depreciation is computed by use of straight-line 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 The Company records mortgage servicing rights (MSR) at fair value for all loans sold on a servicing retained basis with subsequent adjustments to fair value of MSR in accordance with FASB ASC 860. An estimate of the fair value of the Company’s MSR is determined utilizing assumptions about factors such as mortgage interest rates, discount rates, mortgage loan prepayment speeds, market trends and industry demand. Changes in the fair value of MSR are recorded in loan servicing fees in the consolidated statements of income.
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 January 2021, the FASB 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. On December 14, 2023, FASB published 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 was effective for fiscal years beginning after December 15, 2023, and will be effective for the Company beginning July 1, 2024. The adoption of ASU 2023-02 is not expected to have a material impact on the Company’s consolidated financial statements. On July 1, 2023, the Company adopted 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.” The adoption of this update did not have a material impact on the Company’s consolidated financial statements. In December 2023, the FASB issued ASU 2023-09, “Income Taxes - Improvements to Income Tax Disclosures (Topic 740)”. ASU 2023-09 was issued to address requests by investors and creditors for enhanced transparency and decision usefulness of income tax disclosures. Public business entities (PBEs) would be required to prepare an annual detailed, tabular tax rate reconciliation. All other entities would be required to provide qualitative disclosure on specific categories and individual jurisdictions that result in significant differences between the statutory and effective tax rates. All entities would be required to annually disclose taxes paid disaggregated by federal, state, and foreign taxes, as well as disaggregating taxes by individual jurisdiction if taxes paid exceed 5% of total income taxes paid. The ASU is effective for PBEs for fiscal years beginning after December 15, 2024. The Company does not expect adoption of ASU 2023-09 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 credit losses are described in Note 1. ​

Available for Sale Securities (

Available for Sale Securities (Tables)	12 Months Ended
	Jun. 30, 2024
Available for Sale Securities
Schedule of available for sale securities	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2024 ​ ​ ​ Gross Gross Allowance ​ Estimated ​ Amortized Unrealized Unrealized for Fair (dollars in thousands) Cost Gains Losses Credit Losses Value ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Debt securities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Obligations of states and political subdivisions ​ $ 29,960 ​ $ 4 ​ $ (2,211) ​ $ — ​ $ 27,753 Corporate obligations ​ ​ 32,998 ​ ​ 60 ​ ​ (1,781) ​ ​ — ​ ​ 31,277 Asset-backed securities ​ ​ 57,403 ​ ​ 1,525 ​ ​ (249) ​ ​ — ​ ​ 58,679 Other securities ​ 5,387 ​ 20 ​ (74) ​ — ​ 5,333 Total debt securities ​ ​ 125,748 ​ ​ 1,609 ​ ​ (4,315) ​ ​ — ​ ​ 123,042 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Mortgage-backed securities (MBS) and collateralized mortgage obligations (CMOs): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential MBS issued by governmental sponsored enterprises (GSEs) ​ ​ 110,918 ​ ​ 692 ​ ​ (6,855) ​ ​ — ​ ​ 104,755 Commercial MBS issued by GSEs ​ ​ 65,195 ​ ​ 297 ​ ​ (5,746) ​ ​ — ​ ​ 59,746 CMOs issued by GSEs ​ ​ 148,382 ​ ​ 82 ​ ​ (8,104) ​ ​ — ​ ​ 140,360 Total MBS and CMOs ​ 324,495 ​ 1,071 ​ (20,705) ​ — ​ ​ 304,861 Total AFS securities ​ $ 450,243 ​ $ 2,680 ​ $ (25,020) ​ $ — ​ $ 427,903 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2023 ​ ​ ​ Gross Gross ​ Allowance ​ Estimated ​ Amortized Unrealized Unrealized for Fair (dollars in thousands) Cost Gains Losses Credit Losses Value ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Debt 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 securities ​ ​ 152,469 ​ ​ 1,352 ​ ​ (6,519) ​ ​ — ​ ​ 147,302 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ MBS and 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
Schedule of amortized cost and fair value of available-for-sale securities, by contractual maturity	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2024 ​ Amortized Estimated (dollars in thousands) Cost Fair Value Within one year ​ $ 1,452 ​ $ 1,438 After one year but less than five years ​ 26,898 ​ 26,039 After five years but less than ten years ​ 50,306 ​ 48,237 After ten years ​ 47,092 ​ 47,328 Total investment securities ​ 125,748 ​ 123,042 MBS and CMOs ​ 324,495 ​ 304,861 Total AFS securities ​ $ 450,243 ​ $ 427,903
Schedule of available-for-sale securities, continuous unrealized loss position and fair Value	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Less than 12 months 12 months or more Total ​ ​ ​ ​ Unrealized ​ ​ ​ Unrealized ​ ​ ​ Unrealized (dollars in thousands) Fair Value Losses 21,762 Losses Fair Value Losses For the year ended June 30, 2024 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Obligations of state and political subdivisions ​ $ 3,720 ​ $ 38 ​ $ 21,762 ​ $ 2,173 ​ $ 25,482 ​ $ 2,211 Corporate obligations ​ ​ — ​ ​ — ​ ​ 25,295 ​ ​ 1,781 ​ ​ 25,295 ​ ​ 1,781 Asset-backed securities ​ ​ — ​ ​ — ​ ​ 7,234 ​ ​ 249 ​ ​ 7,234 ​ ​ 249 Other securities ​ ​ 4,404 ​ ​ 31 ​ ​ 287 ​ ​ 43 ​ ​ 4,691 ​ ​ 74 MBS and CMOs ​ 56,820 ​ 621 ​ 193,382 ​ 20,084 ​ 250,202 ​ 20,705 Total AFS securities ​ $ 64,944 ​ $ 690 ​ $ 247,960 ​ $ 24,330 ​ $ 312,904 ​ $ 25,020 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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

Loans and Allowance for Credi_2

Loans and Allowance for Credit Losses (Tables)	12 Months Ended
	Jun. 30, 2024
Loans and Allowance for Credit Losses
Schedule of classes of loans	​ ​ ​ ​ ​ ​ ​ ​ (dollars in thousands) June 30, 2024 June 30, 2023 Real Estate Loans: ​ ​ ​ ​ ​ ​ Residential ​ $ 1,185,692 ​ $ 1,133,417 Construction ​ 438,134 ​ 550,052 Commercial ​ 1,622,365 ​ 1,562,379 Consumer loans ​ 144,598 ​ 133,515 Commercial loans ​ 668,292 ​ 599,030 ​ ​ 4,059,081 ​ 3,978,393 Unfunded commitments on construction loans ​ (209,046) ​ (359,196) Deferred loan fees, net ​ (232) ​ (299) Allowance for credit losses ​ (52,516) ​ (47,820) Net loans ​ $ 3,797,287 ​ $ 3,571,078
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, 2024 Real Estate Real Estate Real Estate Consumer Commercial Total Allowance for credit losses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance, beginning of period ​ $ 15,641 ​ $ 2,664 ​ $ 22,838 ​ $ 909 ​ $ 5,768 ​ $ 47,820 Provision (benefit) charged to expense ​ ​ 713 ​ ​ (174) ​ ​ 4,100 ​ ​ 482 ​ ​ 1,504 ​ ​ 6,625 Losses charged off ​ ​ (515) ​ ​ (289) ​ ​ (496) ​ ​ (360) ​ ​ (395) ​ ​ (2,055) Recoveries ​ ​ — ​ ​ — ​ ​ 18 ​ ​ 71 ​ ​ 37 ​ ​ 126 Balance, end of period ​ $ 15,839 ​ $ 2,201 ​ $ 26,460 ​ $ 1,102 ​ $ 6,914 ​ $ 52,516 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (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 (benefit) 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
Schedule of allowance for off-balance credit exposure	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (dollars in thousands) Residential ​ ​ Construction ​ Commercial ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2024 Real Estate Real Estate Real Estate Consumer Commercial Total Allowance for off-balance sheet credit exposure: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance, beginning of period ​ $ 71 ​ $ 4,809 ​ $ 475 ​ $ 73 ​ $ 860 ​ $ 6,288 Provision (benefit) charged to expense ​ ​ 16 ​ ​ (2,917) ​ ​ (105) ​ ​ 3 ​ ​ (22) ​ ​ (3,025) Balance, end of period ​ $ 87 ​ $ 1,892 ​ $ 370 ​ $ 76 ​ $ 838 ​ $ 3,263 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (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 (benefit) 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
Schedule of credit risk profile of the Company's loan portfolio based on rating category and payment activity	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Revolving ​ ​ ​ (dollars in thousands) 2024 2023 2022 2021 2020 Prior loans Total Residential Real Estate ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 191,083 ​ $ 308,691 ​ $ 275,456 ​ $ 217,361 ​ $ 86,265 ​ $ 93,234 ​ $ 10,706 ​ $ 1,182,796 Watch ​ 814 ​ 247 ​ 87 ​ 396 ​ 98 ​ 23 ​ — ​ 1,665 Special Mention ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — Substandard ​ — ​ 797 ​ — ​ 183 ​ — ​ 251 ​ — ​ 1,231 Doubtful ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — Total Residential Real Estate ​ $ 191,897 ​ $ 309,735 ​ $ 275,543 ​ $ 217,940 ​ $ 86,363 ​ $ 93,508 ​ $ 10,706 ​ $ 1,185,692 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Construction Real Estate ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 76,007 ​ $ 131,981 ​ $ 18,130 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 226,118 Watch ​ 64 ​ 2,906 ​ — ​ — ​ — ​ — ​ — ​ 2,970 Special Mention ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — Substandard ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — Doubtful ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — Total Construction Real Estate ​ $ 76,071 ​ $ 134,887 ​ $ 18,130 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 229,088 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial Real Estate ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 251,759 ​ $ 389,523 ​ $ 449,298 ​ $ 243,066 ​ $ 73,189 ​ $ 91,232 ​ $ 47,322 ​ $ 1,545,389 Watch ​ 6,762 ​ 22,825 ​ 1,715 ​ 1,667 ​ 4,702 ​ 2,585 ​ 519 ​ 40,775 Special Mention ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — Substandard ​ 6,660 ​ 360 ​ 27,882 ​ 283 ​ — ​ 428 ​ 588 ​ 36,201 Doubtful ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — Total Commercial Real Estate ​ $ 265,181 ​ $ 412,708 ​ $ 478,895 ​ $ 245,016 ​ $ 77,891 ​ $ 94,245 ​ $ 48,429 ​ $ 1,622,365 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Consumer ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 33,371 ​ $ 18,309 ​ $ 6,829 ​ $ 2,944 ​ $ 829 ​ $ 1,348 ​ $ 80,852 ​ $ 144,482 Watch ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — Special Mention ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — Substandard ​ — ​ 2 ​ 59 ​ 3 ​ 30 ​ — ​ 22 ​ 116 Doubtful ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — Total Consumer ​ $ 33,371 ​ $ 18,311 ​ $ 6,888 ​ $ 2,947 ​ $ 859 ​ $ 1,348 ​ $ 80,874 ​ $ 144,598 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 168,459 ​ $ 77,654 ​ $ 52,879 ​ $ 52,486 ​ $ 6,256 ​ $ 10,448 ​ $ 293,963 ​ $ 662,145 Watch ​ 1,281 ​ 328 ​ 247 ​ — ​ — ​ 355 ​ 622 ​ 2,833 Special Mention ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — Substandard ​ 930 ​ 299 ​ 1,063 ​ 17 ​ 116 ​ 839 ​ 50 ​ 3,314 Doubtful ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — Total Commercial ​ $ 170,670 ​ $ 78,281 ​ $ 54,189 ​ $ 52,503 ​ $ 6,372 ​ $ 11,642 ​ $ 294,635 ​ $ 668,292 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 720,679 ​ $ 926,158 ​ $ 802,592 ​ $ 515,857 ​ $ 166,539 ​ $ 196,262 ​ $ 432,843 ​ $ 3,760,930 Watch ​ 8,921 ​ 26,306 ​ 2,049 ​ 2,063 ​ 4,800 ​ 2,963 ​ 1,141 ​ 48,243 Special Mention ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — Substandard ​ 7,590 ​ 1,458 ​ 29,004 ​ 486 ​ 146 ​ 1,518 ​ 660 ​ 40,862 Doubtful ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — Total ​ $ 737,190 ​ $ 953,922 ​ $ 833,645 ​ $ 518,406 ​ $ 171,485 ​ $ 200,743 ​ $ 434,644 ​ $ 3,850,035 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Revolving ​ ​ ​ (dollars in thousands) 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
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, 2024 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Real Estate Loans: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential ​ $ 520 ​ $ 1,848 ​ $ 478 ​ $ 2,846 ​ $ 1,182,846 ​ $ 1,185,692 ​ $ — Construction ​ 213 ​ 376 ​ — ​ 589 ​ 228,499 ​ 229,088 ​ — Commercial ​ 1,042 ​ 1 ​ 1,095 ​ 2,138 ​ 1,620,227 ​ 1,622,365 ​ — Consumer loans ​ 476 ​ 311 ​ 130 ​ 917 ​ 143,681 ​ 144,598 ​ — Commercial loans ​ 877 ​ 85 ​ 1,749 ​ 2,711 ​ 665,581 ​ 668,292 ​ — Total loans ​ $ 3,128 ​ $ 2,621 ​ $ 3,452 ​ $ 9,201 ​ $ 3,840,834 ​ $ 3,850,035 ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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
Schedule of company's collateral dependent loans and related ACL	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Allowance on (dollars in thousands) ​ Commercial ​ Residential ​ ​ ​ ​ ​ Collateral June 30, 2024 ​ Real Estate ​ Real Estate ​ Other ​ Total ​ Dependent Loans Real estate loans ​ ​ ​ ​ ​ 1- to 4-family residential real estate $ — ​ $ 797 ​ $ — ​ $ 797 ​ $ 116 Commercial real estate ​ ​ 23,457 ​ ​ — ​ ​ — ​ ​ 23,457 ​ ​ 10,175 Commercial ​ ​ — ​ ​ — ​ ​ 2,705 ​ ​ 2,705 ​ ​ 635 Total loans ​ $ 23,457 ​ $ 797 ​ $ 2,705 ​ $ 26,959 ​ $ 10,926 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Allowance on (dollars in thousands) ​ Commercial ​ Residential ​ Construction ​ ​ ​ Collateral June 30, 2023 ​ Real Estate ​ Real Estate ​ Real Estate ​ Total ​ Dependent Loans Real estate loans ​ ​ ​ ​ ​ 1- to 4-family residential $ — ​ $ 837 ​ $ — ​ $ 837 ​ $ 156 Construction real estate ​ ​ — ​ ​ — ​ ​ 642 ​ ​ 642 ​ ​ 79 Commercial real estate ​ ​ 4,897 ​ ​ — ​ ​ — ​ ​ 4,897 ​ ​ 666 Total loans ​ $ 4,897 ​ $ 837 ​ $ 642 ​ $ 6,376 ​ $ 901 ​
Schedule of company's nonaccrual loans	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, (dollars in thousands) 2024 2023 Residential real estate ​ $ 798 ​ $ 934 Construction real estate ​ — ​ 698 Commercial real estate ​ 3,106 ​ 4,564 Consumer loans ​ 135 ​ 256 Commercial loans ​ 2,641 ​ 1,091 Total loans ​ $ 6,680 ​ $ 7,543
Schedule of performing loans classified as TDRs and outstanding, segregated by class	​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2023 ​ ​ Number of ​ Recorded (dollars in thousands) modifications Investment Residential real estate 10 ​ $ 3,438 Construction real estate — ​ — Commercial real estate 6 ​ 24,017 Consumer loans — ​ — Commercial loans 6 ​ 2,310 Total 22 ​ $ 29,765
Schedule of loans to executive officers, directors, significant shareholders and their affiliates held by the Company	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, (dollars in thousands) 2024 2023 Beginning Balance $ 10,547 ​ $ 10,614 Additions 6,465 ​ 6,374 Repayments (5,911) ​ (7,223) Change in related party — ​ 782 Ending Balance $ 11,101 ​ $ 10,547 ​

Premises and Equipment (Tables)

Premises and Equipment (Tables)	12 Months Ended
	Jun. 30, 2024
Premises and Equipment
Schedule of summary of premises and equipment	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, (dollars in thousands) ​ 2024 2023 Land ​ $ 15,376 ​ $ 15,415 Buildings and improvements ​ 84,474 ​ 79,661 Construction in progress ​ 829 ​ 450 Furniture, fixtures, equipment and software ​ 27,850 ​ 26,404 Automobiles ​ 112 ​ 122 Operating leases ROU asset ​ 6,669 ​ 6,125 ​ ​ 135,310 ​ 128,177 Less accumulated depreciation ​ 39,358 ​ 35,780 ​ ​ $ 95,952 ​ $ 92,397
Schedule of Future Minimum Rental Payments for Operating Leases	​ ​ ​ ​ ​ (dollars in thousands) ​ 2025 ​ $ 772 2026 ​ 720 2027 ​ 714 2028 ​ 729 2029 ​ 748 Thereafter ​ 8,298 Future lease payments expected ​ $ 11,981 ​

Deposits (Tables)

Deposits (Tables)	12 Months Ended
	Jun. 30, 2024
Deposits
Schedule of deposits	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, (dollars in thousands) 2024 2023 Non-interest bearing accounts ​ $ 514,107 ​ $ 597,600 NOW accounts ​ 1,239,663 ​ 1,328,423 Money market deposit accounts ​ 336,799 ​ 452,728 Savings accounts ​ 517,084 ​ 282,753 ​ ​ ​ ​ ​ TOTAL NON-MATURITY DEPOSITS ​ 2,607,653 ​ 2,661,504 Certificates ​ ​ ​ ​ 0.00-0.99% ​ 17,862 ​ 92,533 1.00-1.99% ​ 33,395 ​ 109,564 2.00-2.99% ​ 46,195 ​ 186,538 3.00-3.99% ​ 149,095 ​ 109,780 4.00-4.99% ​ 671,562 ​ 472,546 5.00-5.99% ​ 421,816 ​ 93,057 6.00% and above ​ 4,879 ​ 18 TOTAL CERTIFICATES ​ 1,344,804 ​ 1,064,036 TOTAL DEPOSITS ​ 3,952,457 ​ 3,725,540
Schedule of Certificate maturities	​ ​ ​ ​ ​ (dollars in thousands) ​ ​ July 1, 2024 to June 30, 2025 ​ $ 1,082,571 July 1, 2025 to June 30, 2026 ​ ​ 101,415 July 1, 2026 to June 30, 2027 ​ ​ 64,802 July 1, 2027 to June 30, 2028 ​ ​ 65,916 July 1, 2028 to June 30, 2029 ​ ​ 30,005 Thereafter ​ ​ 95 TOTAL ​ $ 1,344,804

Advances from Federal Home Lo_2

Advances from Federal Home Loan Bank (Tables)	12 Months Ended
	Jun. 30, 2024
Advances from Federal Home Loan Bank
Schedule of Advances from Federal Home Loan Bank	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest ​ June 30, Maturity ​ Rate ​ 2024 ​ 2023 ​ ​ ​ ​ (dollars in thousands) ​ 07/24/23 ​ 0.59 % $ — ​ $ 998 ​ 11/15/23 ​ 0.57 % ​ — ​ ​ 993 ​ 03/06/24 ​ 0.95 % ​ — ​ ​ 3,000 ​ 03/28/24 ​ 2.56 % ​ — ​ ​ 8,000 ​ 07/24/24 ​ 0.66 % ​ 1,995 ​ ​ 1,966 ​ 08/13/24 ​ 1.88 % ​ 3,000 ​ ​ 3,000 ​ 03/06/25 ​ 1.01 % ​ 3,000 ​ ​ 3,000 ​ 07/15/25 ​ 0.77 % ​ 1,967 ​ ​ 1,939 ​ 04/20/26 ​ 4.39 % ​ 5,000 ​ ​ 5,000 ​ 06/22/26 ​ 4.55 % ​ 5,000 ​ ​ 5,000 ​ 06/26/26 ​ 4.49 % ​ 5,000 ​ ​ 5,000 ​ 07/17/26 ​ 4.54 % ​ 5,000 ​ ​ — ​ 07/22/26 ​ 1.10 % ​ 1,951 ​ ​ 1,929 ​ 12/14/26 ​ 2.65 % ​ 137 ​ ​ 189 ​ 04/12/27 ​ 4.04 % ​ 5,000 ​ ​ 5,000 ​ 04/27/27 ​ 4.07 % ​ 5,000 ​ ​ 5,000 ​ 05/03/27 ​ 3.95 % ​ 5,000 ​ ​ 5,000 ​ 05/12/27 ​ 3.86 % ​ 5,000 ​ ​ 5,000 ​ 06/22/27 ​ 4.38 % ​ 5,000 ​ ​ 5,000 ​ 06/25/27 ​ 4.34 % ​ 5,000 ​ ​ 5,000 ​ 07/19/27 ​ 4.37 % ​ 5,000 ​ ​ — ​ 03/23/28 ​ 3.85 % ​ 10,000 ​ ​ 10,000 ​ 03/24/28 ​ 3.93 % ​ 10,000 ​ ​ 10,000 ​ 06/22/28 ​ 4.21 % ​ 5,000 ​ ​ 5,000 ​ 06/26/28 ​ 4.18 % ​ 5,000 ​ ​ 5,000 ​ 07/18/28 ​ 4.19 % ​ 5,000 ​ ​ — ​ Overnight ​ 5.35 % ​ — ​ ​ 33,500 ​ ​ ​ TOTAL ​ $ 102,050 ​ $ 133,514 ​ Weighted-average rate ​ ​ ​ ​ 3.82 % ​ 3.95 %
Schedule of Principal Maturities of Federal Home Loan Bank	​ ​ ​ ​ ​ ​ ​ June 30, 2024 FHLB Advance Maturities (dollars in thousands) July 1, 2024 to June 30, 2025 ​ $ 7,995 July 1, 2025 to June 30, 2026 ​ ​ 16,967 July 1, 2026 to June 30, 2027 ​ ​ 37,088 July 1, 2027 to June 30, 2028 ​ ​ 35,000 July 1, 2028 to June 30, 2029 ​ ​ 5,000 TOTAL ​ $ 102,050 ​

Employee Benefits (Tables)

Employee Benefits (Tables)	12 Months Ended
	Jun. 30, 2024
Employee Benefits
Schedule of changes in options outstanding under the 2003 Plan and the 2017 Plan	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2024 ​ 2023 ​ 2022 ​ ​ Weighted ​ ​ ​ Weighted ​ ​ ​ Weighted ​ ​ ​ ​ Average ​ ​ ​ Average ​ ​ ​ Average ​ ​ ​ ​ Price ​ Number ​ Price ​ Number ​ Price ​ Number Outstanding at beginning of year ​ $ 39.63 ​ 148,000 ​ $ 36.56 ​ 104,000 ​ $ 33.77 ​ 89,500 Granted ​ ​ 40.74 ​ 23,500 ​ ​ 38.58 ​ 44,000 ​ ​ 53.82 ​ 14,500 Exercised ​ ​ 24.49 ​ (16,000) ​ ​ — ​ — ​ ​ — ​ — Forfeited ​ 42.35 ​ (15,000) ​ — ​ — ​ — ​ — Outstanding at year-end ​ $ 34.43 ​ 140,500 ​ $ 39.63 ​ 148,000 ​ $ 36.56 ​ 104,000 Options exercisable at year-end ​ $ 38.44 ​ 65,800 ​ $ 33.89 ​ 63,700 ​ $ 31.92 ​ 44,900
Schedule of values of options granted	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2024 ​ 2023 ​ 2022 ​ Assumptions: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Expected dividend yield ​ ​ 2.06 % ​ 1.79 % ​ 1.49 % Expected volatility ​ 34.89 % ​ 29.67 % ​ 28.02 % Risk-free interest rate ​ ​ 4.12 % ​ 3.79 % ​ 1.82 % Weighted-average expected life (years) ​ ​ 10.00 ​ ​ 10.00 ​ ​ 10.00 ​ Weighted-average fair value of options granted during the year ​ $ 15.88 ​ $ 16.68 ​ $ 16.38 ​
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 43 mo. ​ 11,500 ​ ​ 37.31 ​ 11,500 ​ ​ 37.31 54 mo. ​ 15,500 ​ ​ 34.35 ​ 15,500 ​ ​ 34.35 68 mo. ​ 15,500 ​ ​ 37.40 ​ 12,400 ​ ​ 37.40 79 mo. ​ 23,000 ​ ​ 34.91 ​ 13,800 ​ ​ 34.91 91 mo. ​ 11,500 ​ ​ 53.82 ​ 4,600 ​ ​ 53.82 97 mo. ​ 7,500 ​ ​ 46.59 ​ 1,500 ​ ​ 46.59 104 mo. ​ 32,500 ​ ​ 46.94 ​ 6,500 ​ ​ 46.94 111 mo. ​ 3,500 ​ ​ 40.28 ​ — ​ ​ 40.28 115 mo. ​ 20,000 ​ ​ 40.82 ​ — ​ ​ 40.82 ​

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Jun. 30, 2024
Income Taxes
Schedule of components of net deferred tax assets	​ ​ ​ ​ ​ ​ ​ ​ (dollars in thousands) June 30, 2024 June 30, 2023 Deferred tax assets: ​ ​ Provision for losses on loans ​ $ 12,159 ​ $ 12,101 Accrued compensation and benefits ​ 1,063 ​ 974 NOL carry forwards acquired ​ 30 ​ 709 Low income housing tax credit carry forward ​ 396 ​ 1,192 Unrealized loss on other real estate ​ 949 ​ 818 Unrealized loss on available for sale securities ​ ​ 4,915 ​ ​ 6,174 Total deferred tax assets ​ 19,512 ​ 21,968 ​ ​ ​ ​ ​ ​ ​ Deferred tax liabilities: ​ ​ ​ ​ Purchase accounting adjustments ​ 2,452 ​ 2,348 Depreciation ​ 4,519 ​ 4,276 FHLB stock dividends ​ 120 ​ 120 Prepaid expenses ​ 705 ​ 728 Other ​ 529 ​ 1,636 Total deferred tax liabilities ​ 8,325 ​ 9,108 Net deferred tax asset ​ $ 11,187 ​ $ 12,860
Schedule of reconciliation of income tax expense at the statutory rate	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the year ended June 30 (dollars in thousands) ​ 2024 ​ 2023 ​ 2022 Tax at statutory rate ​ $ 13,253 ​ $ 10,387 ​ $ 12,580 Increase (reduction) in taxes resulting from: ​ ​ ​ ​ ​ ​ Nontaxable municipal income ​ (471) ​ (327) ​ (349) State tax, net of Federal benefit ​ 412 ​ 46 ​ 812 Cash surrender value of Bank-owned life insurance ​ (401) ​ (318) ​ (245) Tax credit benefits ​ (12) ​ (19) ​ (45) Other, net ​ 147 ​ 457 ​ (18) Actual provision ​ $ 12,928 ​ $ 10,226 ​ $ 12,735

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (AOCI) (Tables)	12 Months Ended
	Jun. 30, 2024
Accumulated Other Comprehensive Income (AOCI)
Schedule of components of AOCI	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, (dollars in thousands) 2024 2023 Net unrealized loss on securities available-for-sale ​ $ (22,339) ​ $ (28,062) Net unrealized gain on securities available-for-sale securities for which a portion of impairment has been recognized in income ​ ​ (1) ​ ​ (1) Unrealized gain from defined benefit pension plan ​ ​ (27) ​ ​ (32) ​ ​ ​ (22,367) ​ ​ (28,095) Tax effect ​ ​ 4,912 ​ ​ 6,170 Net of tax amount ​ $ (17,455) ​ $ (21,925)
Schedule of reclassified from AOCI	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amounts Reclassified From AOCI ​ ​ ​ (dollars in thousands) ​ ​ ​ ​ ​ Affected Line Item in the Condensed ​ 2024 2023 Consolidated Statements of Income Unrealized gain on securities available-for-sale ​ $ (1,489) ​ $ — ​ ​ Net realized gains on sale of AFS securities Amortization of defined benefit pension items ​ $ 5 ​ $ 5 ​ ​ Compensation and benefits (included in computation of net periodic pension costs) Total reclassified amount before tax ​ ​ (1,484) ​ ​ 5 ​ ​ ​ Tax benefit ​ ​ (312) ​ ​ 1 ​ ​ Provision for income tax Total reclassification out of AOCI ​ $ (1,172) ​ $ 4 ​ ​ Net Income ​

Stockholders' Equity and Regu_2

Stockholders' Equity and Regulatory Capital (Tables)	12 Months Ended
	Jun. 30, 2024
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, 2024 ​ Amount Ratio ​ ​ Amount Ratio ​ ​ Amount Ratio ​ (dollars in thousands) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Capital (to Risk-Weighted Assets) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Consolidated $ 524,023 13.23 % $ 316,979 8.00 % $ n/a n/a ​ Southern Bank ​ ​ 496,105 ​ 12.68 % ​ ​ 312,877 ​ 8.00 % ​ ​ 391,097 ​ 10.00 % Tier I Capital (to Risk-Weighted Assets) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Consolidated ​ ​ 467,027 ​ 11.79 % ​ ​ 237,734 ​ 6.00 % ​ ​ n/a ​ n/a ​ Southern Bank ​ ​ 447,192 ​ 11.43 % ​ ​ 234,658 ​ 6.00 % ​ ​ 312,877 ​ 8.00 % Tier I Capital (to Average Assets) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Consolidated ​ ​ 467,027 ​ 10.19 % ​ ​ 183,262 ​ 4.00 % ​ ​ n/a ​ n/a ​ Southern Bank ​ ​ 447,192 ​ 9.79 % ​ ​ 182,723 ​ 4.00 % ​ ​ 228,403 ​ 5.00 % Common Equity Tier I Capital (to Risk-Weighted Assets) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Consolidated ​ ​ 451,474 ​ 11.39 % ​ ​ 178,300 ​ 4.50 % ​ ​ n/a ​ n/a ​ Southern Bank ​ ​ 447,192 ​ 11.43 % ​ ​ 175,993 ​ 4.50 % ​ ​ 254,213 ​ 6.50 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 %

Earnings Per Share (Tables)

Earnings Per Share (Tables)	12 Months Ended
	Jun. 30, 2024
Earnings Per Share
Schedule of earnings per share, basic and diluted	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, (dollars in thousands except per share data) ​ 2024 ​ 2023 ​ 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net income ​ $ 50,182 ​ $ 39,237 ​ $ 47,169 Less: distributed earnings allocated to participating securities ​ (49) ​ (42) ​ (30) Less: undistributed earnings allocated to participating securities ​ (208) ​ (150) ​ (165) Net income available to common shareholders ​ $ 49,925 ​ $ 39,045 ​ $ 46,974 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Denominator for basic earnings per share - ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted-average shares outstanding ​ 11,292,634 ​ 10,124,766 ​ 8,994,022 Effect of dilutive securities stock options or awards ​ 8,645 ​ 17,033 ​ 17,122 Denominator for diluted earnings per share ​ ​ 11,301,279 ​ ​ 10,141,799 ​ ​ 9,011,144 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Basic earnings per share available to common stockholders ​ $ 4.42 ​ $ 3.86 ​ $ 5.22 Diluted earnings per share available to common stockholders ​ $ 4.42 ​ $ 3.85 ​ $ 5.21

Business Combinations (Tables)

Business Combinations (Tables)	12 Months Ended
	Jun. 30, 2024
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 ​ 226,497 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 ​ ​ 109,731 Goodwill ​ $ 23,438
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
	Jun. 30, 2024
Fair Value Measurements
Schedule of fair value assets measured on recurring basis	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value Measurements at June 30, 2024, 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) Assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Obligations of state and political subdivisions ​ $ 27,753 ​ $ — ​ $ 27,753 ​ $ — Corporate obligations ​ ​ 31,277 ​ ​ — ​ ​ 31,277 ​ ​ — Asset backed securities ​ ​ 58,679 ​ ​ — ​ ​ 58,679 ​ ​ — Other securities ​ 5,333 ​ — ​ 5,333 ​ — MBS and CMOs ​ 304,861 ​ — ​ 304,861 ​ — Mortgage servicing rights ​ ​ 2,448 ​ ​ — ​ ​ — ​ ​ 2,448 Derivative financial instruments ​ ​ 20 ​ ​ — ​ ​ 20 ​ ​ ​ Liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Derivative financial instruments ​ ​ 15 ​ ​ — ​ ​ 15 ​ ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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) Assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 ​ ​ —
Schedule of fair value of nonrecurring measurements	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value Measurements at June 30, 2024, 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 ​ $ 759 ​ $ — ​ $ — ​ $ 759 Collateral dependent loans ​ ​ 12,994 ​ ​ — ​ ​ — ​ ​ 12,994 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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) Foreclosed and repossessed assets held for sale ​ $ 1,472 ​ $ — ​ $ — ​ $ 1,472
Schedule of losses recognized on assets measured on a nonrecurring basis	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (dollars in thousands) ​ 2024 ​ 2023 Foreclosed and repossessed assets held for sale ​ $ 74 ​ $ 60 Total losses on assets measured on a non-recurring basis ​ $ 74 ​ $ 60
Fair Value Option, Disclosures [Table Text Block]	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Range ​ ​ ​ Fair value at ​ Valuation ​ Unobservable ​ of ​ Weighted-average (dollars in thousands) ​ June 30, 2024 ​ technique ​ inputs ​ inputs applied ​ inputs applied Nonrecurring Measurements ​ ​ Foreclosed and repossessed assets ​ $ 759 Third party appraisal Marketability discount 17.9 - 44.9 % 20.3 % Collateral dependent loans ​ ​ 12,994 Collateral value Marketability discount 14.5 -52.3 % 43.7 %
Schedule of financial instruments	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2024 ​ ​ ​ ​ ​ 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 ​ $ 60,904 ​ $ 60,904 ​ $ — ​ $ — Interest-bearing time deposits ​ 491 ​ — ​ 491 ​ — Stock in FHLB ​ 8,713 ​ — ​ 8,713 ​ — Stock in Federal Reserve Bank of St. Louis ​ 9,089 ​ — ​ 9,089 ​ — Loans receivable, net ​ 3,797,287 ​ — ​ — ​ 3,639,657 Accrued interest receivable ​ 23,826 ​ — ​ 23,826 ​ — Mortgage servicing assets ​ ​ 2,448 ​ ​ ​ ​ ​ ​ ​ ​ 2,448 Derivative financial instruments ​ ​ 20 ​ — ​ 20 ​ — Financial liabilities ​ ​ ​ ​ ​ ​ ​ ​ Deposits ​ 3,952,457 ​ 2,607,653 ​ — ​ 1,338,215 Advances from FHLB ​ 102,050 ​ — ​ 100,468 ​ — Accrued interest payable ​ 12,868 ​ — ​ 12,868 ​ — Subordinated debt ​ 23,156 ​ — ​ — ​ 20,576 Derivative financial instruments ​ ​ 15 ​ — ​ 15 ​ — Unrecognized financial instruments (net of contract amount) ​ ​ ​ ​ ​ ​ ​ ​ Commitments to originate loans ​ — ​ — ​ — ​ — Letters of credit ​ — ​ — ​ — ​ — Lines of credit ​ — ​ — ​ — ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 ​ — ​ — ​ — ​ — ​

Derivative Financial Instrume_2

Derivative Financial Instruments (Tables)	12 Months Ended
	Jun. 30, 2024
Derivative Financial Instruments
Notional amounts and estimated fair values of interest rate swaps	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2024 ​ ​ ​ Fair Value ​ ​ Notional Other Other (dollars in thousands) ​ Amount Assets Liabilities ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 1-4 Family interest rate swaps ​ $ 40,000 ​ $ 20 ​ $ 15
Carrying amount of the hedged assets, located in loans receivable, net	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2024 ​ Carrying Cumulative Amount of Fair Value ​ Amount of Hedging Adj Included in (dollars in thousands) Hedged Assets Carrying Amount of Hedged assets 1-4 Family interest rate swaps ​ $ 553,307 ​ $ 5 ​

Condensed Parent Company Only_2

Condensed Parent Company Only Financial Statements (Tables)	12 Months Ended
	Jun. 30, 2024
Condensed Parent Company Only Financial Statements
Parent Company Condensed Balance Sheets	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, (dollars in thousands) ​ 2024 2023 Condensed Balance Sheets ​ ​ Assets ​ ​ ​ Cash and cash equivalents ​ $ 13,967 ​ $ 13,442 Other assets ​ ​ 52,220 ​ ​ 52,178 Investment in common stock of Bank ​ ​ 446,131 ​ ​ 404,247 TOTAL ASSETS ​ $ 512,318 ​ $ 469,867 ​ ​ ​ ​ ​ ​ ​ Liabilities and Stockholders' Equity ​ ​ ​ ​ Accrued expenses and other liabilities ​ $ 414 ​ $ 704 Subordinated debt ​ ​ 23,156 ​ ​ 23,105 TOTAL LIABILITIES ​ ​ 23,570 ​ ​ 23,809 Stockholders' equity ​ ​ 488,748 ​ ​ 446,058 TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY ​ $ 512,318 ​ $ 469,867
Parent Company Condensed Statements of Income	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year ended June 30, (dollars in thousands) ​ 2024 ​ 2023 2022 Condensed Statements of Income ​ ​ Interest income ​ $ 41 ​ $ 32 ​ $ 14 Interest expense ​ 1,742 ​ ​ 1,439 ​ ​ 686 Net interest expense ​ (1,701) ​ ​ (1,407) ​ ​ (672) Dividends from Bank ​ ​ 16,000 ​ ​ 48,000 ​ ​ 31,000 Operating expenses ​ ​ 1,018 ​ ​ 3,041 ​ ​ 1,124 Income before income taxes and equity in undistributed income of the Bank ​ ​ 13,281 ​ ​ 43,552 ​ ​ 29,204 Income tax benefit ​ ​ 571 ​ ​ 552 ​ ​ 321 Income before equity in undistributed income of the Bank ​ ​ 13,852 ​ ​ 44,104 ​ ​ 29,525 Equity in undistributed income of the Bank ​ ​ 36,330 ​ ​ (4,867) ​ ​ 17,644 NET INCOME ​ $ 50,182 ​ $ 39,237 ​ $ 47,169 COMPREHENSIVE INCOME ​ $ 54,652 ​ $ 34,799 ​ $ 26,800
Parent Company Condensed Statements of Cash Flows	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year ended June 30, (dollars in thousands) 2024 2023 2022 Condensed Statements of Cash Flow ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash Flows from operating activities: ​ ​ Net income ​ $ 50,182 ​ $ 39,237 ​ $ 47,169 Changes in: ​ ​ ​ ​ ​ ​ ​ ​ Equity in undistributed income of the Bank ​ (36,330) ​ ​ 4,867 ​ ​ (17,644) Other adjustments, net ​ ​ 56 ​ ​ 388 ​ ​ (698) NET CASH PROVIDED BY OPERATING ACTIVITES ​ ​ 13,908 ​ ​ 44,492 ​ ​ 28,827 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 ​ ​ (9,526) ​ ​ (8,632) ​ ​ (7,194) Payments to acquire treasury stock ​ ​ (3,857) ​ ​ — ​ ​ (5,838) NET CASH USED IN FINANCING ACTIVITIES ​ ​ (13,383) ​ ​ (8,632) ​ ​ (13,032) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net increase in cash and cash equivalents ​ ​ 525 ​ ​ 4,478 ​ ​ 7,771 Cash and cash equivalents at beginning of year ​ ​ 13,442 ​ ​ 8,964 ​ ​ 1,193 CASH AND CASH EQUIVALENTS AT END OF YEAR ​ $ 13,967 ​ $ 13,442 ​ $ 8,964 ​

Quarterly Financial Data (Una_2

Quarterly Financial Data (Unaudited) (Tables)	12 Months Ended
	Jun. 30, 2024
Quarterly Financial Data (Unaudited)
Schedule of Quarterly Financial Information	Quarterly operating data is summarized as follows (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2024 ​ First Second Third Fourth (dollars in thousands) ​ Quarter ​ Quarter ​ Quarter ​ Quarter Interest income ​ $ 58,107 ​ $ 61,576 ​ $ 64,025 ​ $ 64,667 Interest expense ​ 22,714 ​ 27,090 ​ 29,516 ​ 29,572 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net interest income ​ 35,393 ​ 34,486 ​ 34,509 ​ 35,095 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Provision for credit losses ​ 900 ​ 900 ​ 900 ​ 900 Noninterest income ​ ​ 5,853 ​ ​ 5,640 ​ ​ 5,584 ​ ​ 7,767 Noninterest expense ​ ​ 23,706 ​ ​ 23,860 ​ ​ 25,049 ​ ​ 25,002 Income before income taxes ​ 16,640 ​ 15,366 ​ 14,144 ​ 16,960 Income tax expense ​ 3,488 ​ 3,173 ​ 2,837 ​ 3,430 NET INCOME ​ $ 13,152 ​ $ 12,193 ​ $ 11,307 ​ $ 13,530 Basic earnings per share ​ $ 1.16 ​ $ 1.08 ​ $ 1.00 ​ $ 1.19 Diluted earnings per share ​ $ 1.16 ​ $ 1.07 ​ $ 0.99 ​ $ 1.19 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 credit 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 ​

Organization and Summary of S_3

Organization and Summary of Significant Accounting Policies - Organization (Details) $ in Billions	12 Months Ended
	Jun. 30, 2024 USD ($)
Organization and Summary of Significant Accounting Policies
Assets of the REIT	$ 1.4
Non-Employee directors' retirement, payments in equal annual installments, period	5 years

Organization and Summary of S_4

Organization and Summary of Significant Accounting Policies - Cash and Cash Equivalents (Details) - USD ($) $ in Millions	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
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	$ 7.7	$ 3.8
Deposits are held in various commercial banks
Cash and Cash Equivalents [Line Items]
Cash	$ 2.3	$ 1.3

Organization and Summary of S_5

Organization and Summary of Significant Accounting Policies - Loans (Details)	12 Months Ended
	Jun. 30, 2024 item
Organization and Summary of Significant Accounting Policies
Number of loan portfolio pools	24

Organization and Summary of S_6

Organization and Summary of Significant Accounting Policies - Premises and Equipment (Details)	Jun. 30, 2024
Software
Property, Plant and Equipment [Line Items]
Estimated lives (in years)	3 years
Minimum | Premises
Property, Plant and Equipment [Line Items]
Estimated lives (in years)	7 years
Minimum | Equipment
Property, Plant and Equipment [Line Items]
Estimated lives (in years)	3 years
Maximum | Premises
Property, Plant and Equipment [Line Items]
Estimated lives (in years)	40 years
Maximum | Equipment
Property, Plant and Equipment [Line Items]
Estimated lives (in years)	7 years

Organization and Summary of S_7

Organization and Summary of Significant Accounting Policies - Goodwill and Intangible Assets (Details) - USD ($) $ in Millions	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
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	39.1
Intangibles assets, accumulated amortization	17.8	14
2025	3.5
2026	3
2027	2.7
2028	2.7
2028	2.6
Thereafter	8.8
Other identifiable intangibles
Finite-Lived Intangible Assets [Line Items]
Intangible assets, gross	6.4	6.4
Intangibles assets, accumulated amortization	4.2	3.9
Mortgage and SBA servicing rights
Finite-Lived Intangible Assets [Line Items]
Intangible assets, net	$ 3	$ 2.9
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_8

Organization and Summary of Significant Accounting Policies - Wealth Management Assets and Fees (Details) - USD ($) $ in Millions	Jun. 30, 2024	Jun. 30, 2023
Organization and Summary of Significant Accounting Policies
Fiduciary assets	$ 100.9	$ 102
Investment management assets	$ 474.7	$ 464.2

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, 2024	Jun. 30, 2023
Debt Securities, Available-for-Sale [Line Items]
Total AFS securities, Amortized Cost	$ 450,243	$ 445,616
Gross Unrealized Gains	2,680	1,494
Gross Unrealized Losses	(25,020)	(29,556)
Allowance for Credit Losses	0	0
Estimated Fair Value	427,903	417,554
Obligations of states and political subdivisions
Debt Securities, Available-for-Sale [Line Items]
Total AFS securities, Amortized Cost	29,960	45,285
Gross Unrealized Gains	4	20
Gross Unrealized Losses	(2,211)	(2,737)
Allowance for Credit Losses	0	0
Estimated Fair Value	27,753	42,568
Corporate Obligations
Debt Securities, Available-for-Sale [Line Items]
Total AFS securities, Amortized Cost	32,998	35,700
Gross Unrealized Gains	60	19
Gross Unrealized Losses	(1,781)	(3,181)
Allowance for Credit Losses	0	0
Estimated Fair Value	31,277	32,538
Asset backed securities
Debt Securities, Available-for-Sale [Line Items]
Total AFS securities, Amortized Cost	57,403	67,897
Gross Unrealized Gains	1,525	1,274
Gross Unrealized Losses	(249)	(545)
Allowance for Credit Losses	0
Estimated Fair Value	58,679	68,626
Other securities
Debt Securities, Available-for-Sale [Line Items]
Total AFS securities, Amortized Cost	5,387	3,587
Gross Unrealized Gains	20	39
Gross Unrealized Losses	(74)	(56)
Allowance for Credit Losses	0	0
Estimated Fair Value	5,333	3,570
Debt and Equity Securities
Debt Securities, Available-for-Sale [Line Items]
Total AFS securities, Amortized Cost	125,748	152,469
Gross Unrealized Gains	1,609	1,352
Gross Unrealized Losses	(4,315)	(6,519)
Allowance for Credit Losses	0	0
Estimated Fair Value	123,042	147,302
Residential MBS issued by governmental sponsored enterprises (GSEs)
Debt Securities, Available-for-Sale [Line Items]
Total AFS securities, Amortized Cost	110,918	97,612
Gross Unrealized Gains	692	122
Gross Unrealized Losses	(6,855)	(7,610)
Allowance for Credit Losses	0	0
Estimated Fair Value	104,755	90,124
Commercial MBS issued by GSEs
Debt Securities, Available-for-Sale [Line Items]
Total AFS securities, Amortized Cost	65,195	60,333
Gross Unrealized Gains	297	11
Gross Unrealized Losses	(5,746)	(6,959)
Allowance for Credit Losses	0	0
Estimated Fair Value	59,746	53,385
CMOs issued by GSEs
Debt Securities, Available-for-Sale [Line Items]
Total AFS securities, Amortized Cost	148,382	135,202
Gross Unrealized Gains	82	9
Gross Unrealized Losses	(8,104)	(8,468)
Allowance for Credit Losses	0	0
Estimated Fair Value	140,360	126,743
MBS and CMOs
Debt Securities, Available-for-Sale [Line Items]
Total AFS securities, Amortized Cost	324,495	293,147
Gross Unrealized Gains	1,071	142
Gross Unrealized Losses	(20,705)	(23,037)
Allowance for Credit Losses	0	0
Estimated Fair Value	$ 304,861	$ 270,252

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, 2024	Jun. 30, 2023
Amortized Cost
Within one year	$ 1,452
After one year but less than five years	26,898
After five years but less than ten years	50,306
After ten years	47,092
Total investment securities	125,748
Total AFS securities, Amortized Cost	450,243	$ 445,616
Estimated Fair Value
Within one year	1,438
After one year but less than five years	26,039
After five years but less than ten years	48,237
After ten years	47,328
Total investment securities	123,042
Total AFS securities	427,903	417,554
MBS and CMOs
Amortized Cost
Total AFS securities, Amortized Cost	324,495	293,147
Estimated Fair Value
Total AFS securities	$ 304,861	$ 270,252

Available for Sale Securities_3

Available for Sale Securities - Gains and Losses recognized from sales of AFS securities (Details) - USD ($)	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022
Available for Sale Securities
Gains recognized from sales of available-for-sale securities	$ 67,000
Losses recognized from sales of available-for-sale securities	$ 1,600,000
Debt Securities, Available-for-Sale, Realized Gain (Loss)		$ 0	$ 0

Available for Sale Securities_4

Available for Sale Securities - Fair Value of Debt Securities Reported Less Than Their Historical Cost (Details) - USD ($) $ in Millions	Jun. 30, 2024	Jun. 30, 2023
Available for Sale Securities
Fair value of certain investments reported less than their historical cost	$ 312.9	$ 325.5
Certain investments in debt securities reported at less than historical cost, percentage of Company's AFS portfolio	73.10%	78%

Available for Sale Securities_5

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, 2024	Jun. 30, 2023
Pledged as collateral
Financial Instruments Owned and Pledged as Collateral [Line Items]
Securities pledged as collateral	$ 265.5	$ 253.9
Asset backed securities
Financial Instruments Owned and Pledged as Collateral [Line Items]
Securities pledged as collateral	137	129.2
Asset backed securities | Pledged as collateral
Financial Instruments Owned and Pledged as Collateral [Line Items]
Securities pledged as collateral		94.8
Collateralized Mortgage Obligations
Financial Instruments Owned and Pledged as Collateral [Line Items]
Securities pledged as collateral	103.5
Obligations of states and political subdivisions | Pledged as collateral
Financial Instruments Owned and Pledged as Collateral [Line Items]
Securities pledged as collateral	20.8	26.5
Other securities | 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	$ 4.3	$ 3.4

Available for Sale Securities_6

Available for Sale Securities - Gross Unrealized Losses and Fair Value, Continuous Unrealized Loss Position (Details) $ in Thousands	Jun. 30, 2024 USD ($) security	Jun. 30, 2023 USD ($) security
Debt Securities, Available-for-Sale [Line Items]
Less than 12 Months, Fair Value	$ 64,944	$ 138,235
Less than 12 Months, Unrealized Losses	690	3,057
12 Months or more, Fair Value	247,960	187,305
12 Months or more, Unrealized Losses	24,330	26,499
Fair Value, Total	312,904	325,540
Unrealized Losses , Total	25,020	29,556
Obligations of states and political subdivisions
Debt Securities, Available-for-Sale [Line Items]
Less than 12 Months, Fair Value	3,720	11,574
Less than 12 Months, Unrealized Losses	38	184
12 Months or more, Fair Value	21,762	26,763
12 Months or more, Unrealized Losses	2,173	2,553
Fair Value, Total	25,482	38,337
Unrealized Losses , Total	$ 2,211	$ 2,737
Number of individual securities in an unrealized loss position for less than 12 months | security	8	8
Number of individual securities in an unrealized loss position for more than 12 months | security	46	46
Corporate Obligations
Debt Securities, Available-for-Sale [Line Items]
Less than 12 Months, Fair Value		$ 14,709
Less than 12 Months, Unrealized Losses		1,074
12 Months or more, Fair Value	$ 25,295	13,821
12 Months or more, Unrealized Losses	1,781	2,107
Fair Value, Total	25,295	28,530
Unrealized Losses , Total	$ 1,781	$ 3,181
Number of individual securities in an unrealized loss position for less than 12 months | security	1	1
Number of individual securities in an unrealized loss position for more than 12 months | security	19	19
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	$ 7,234	698
12 Months or more, Unrealized Losses	249	282
Fair Value, Total	7,234	23,326
Unrealized Losses , Total	$ 249	545
Number of individual securities in an unrealized loss position for less than 12 months | security	0
Number of individual securities in an unrealized loss position for more than 12 months | security	4
Other securities
Debt Securities, Available-for-Sale [Line Items]
Less than 12 Months, Fair Value	$ 4,404	1,970
Less than 12 Months, Unrealized Losses	31	11
12 Months or more, Fair Value	287	350
12 Months or more, Unrealized Losses	43	45
Fair Value, Total	4,691	2,320
Unrealized Losses , Total	74	56
MBS and CMOs
Debt Securities, Available-for-Sale [Line Items]
Less than 12 Months, Fair Value	56,820	87,354
Less than 12 Months, Unrealized Losses	621	1,525
12 Months or more, Fair Value	193,382	145,673
12 Months or more, Unrealized Losses	20,084	21,512
Fair Value, Total	250,202	233,027
Unrealized Losses , Total	$ 20,705	$ 23,037
Number of individual securities in an unrealized loss position for less than 12 months | security	16
Number of individual securities in an unrealized loss position for more than 12 months | security	114

Available for Sale Securities_7

Available for Sale Securities - Other Securities Policy: Pooled Trust Preferred Securities (Details) - USD ($)	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Available for Sale Securities
Credit losses recognized on investments	$ 0	$ 0

Loans and Allowance for Credi_3

Loans and Allowance for Credit Losses - Classes of loans (Details) $ in Thousands	12 Months Ended
	Jun. 30, 2024 USD ($) loan	Jun. 30, 2023 USD ($) loan	Jun. 30, 2022 USD ($)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans before fees gross	$ 4,059,081	$ 3,978,393
Loans in Process	(209,046)	(359,196)
Deferred loan fees, net	(232)	(299)
Allowance for credit losses	(52,516)	(47,820)	$ (33,192)
Total loans	$ 3,797,287	$ 3,571,078
Number of purchased participation loans | loan	71	86
Purchased participation loans	$ 178,500	$ 155,600
Residential Real Estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans before fees gross	1,185,692	1,133,417
Allowance for credit losses	(15,839)	(15,641)	(8,908)
Construction Real Estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans before fees gross	438,134	550,052
Allowance for credit losses	(2,201)	(2,664)	(2,220)
Commercial Real Estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans before fees gross	1,622,365	1,562,379
Allowance for credit losses	(26,460)	(22,838)	(16,838)
Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans before fees gross	144,598	133,515
Allowance for credit losses	(1,102)	(909)	(710)
Commercial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans before fees gross	668,292	599,030
Allowance for credit losses	$ (6,914)	$ (5,768)	$ (4,516)

Loans and Allowance for Credi_4

Loans and Allowance for Credit Losses - Classes of loans information (Details) - USD ($)

3 Months Ended

12 Months Ended

Jan. 20, 2023

Feb. 25, 2022

Jun. 30, 2024

Mar. 31, 2024

Dec. 31, 2023

Sep. 30, 2023

Jun. 30, 2023

Mar. 31, 2023

Dec. 31, 2022

Sep. 30, 2022

Jun. 30, 2022

Mar. 31, 2022

Sep. 30, 2021

Jun. 30, 2024

Jun. 30, 2023

Jun. 30, 2022

Provision for credit losses

$ 900,000

$ 900,000

$ 900,000

$ 900,000

$ 795,000

$ 10,072,000

$ 1,138,000

$ 5,056,000

$ 240,000

$ 1,552,000

$ (305,000)

$ 3,600,000

$ 17,061,000

$ 1,487,000

Allowance for credit losses, loans

6,625,000

14,131,000

(66,000)

Provision (recovery) for off balance sheet credit exposure

(3,025,000)

2,930,000

1,553,000

Allowance for credit losses for purchased credit deteriorated (PCD)

3,600,000

$ 17,100,000

1,500,000

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)

5%

2%

Citizens Bancshares Company

Allowance for credit losses, loans

$ 5,200,000

Allowance for credit losses for purchased credit deteriorated (PCD)

$ 1,121,000

1,100,000

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

$ 626,300,000

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 real estate

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, loans

$ 713,000

6,655,000

(2,238,000)

Provision (recovery) for off balance sheet credit exposure

$ 16,000

13,000

21,000

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, loans

$ 4,100,000

5,605,000

2,251,000

Provision (recovery) for off balance sheet credit exposure

$ (105,000)

54,000

233,000

Construction Real Estate

Average term of construction loans

12 months

Allowance for credit losses, loans

$ (174,000)

432,000

46,000

Provision (recovery) for off balance sheet credit exposure

$ (2,917,000)

2,631,000

1,676,000

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

Amortization period of loans

66 months

Allowance for credit losses, loans

$ 482,000

334,000

(205,000)

Provision (recovery) for off balance sheet credit exposure

$ 3,000

12,000

(157,000)

Consumer | Home Equity Loan

Maximum percentage of appraised value or purchase price that loans cannot exceed

90%

Amortization period of loans

10 years

Consumer | Automobile Loan

Maximum percentage of appraised value or purchase price that loans cannot exceed

100%

Amortization period of loans

66 months

Commercial

Amortization period of loans

5 years

Amortization period of multi-family residential loans if balloon maturities

1 year

Allowance for credit losses, loans

$ 1,504,000

1,105,000

80,000

Provision (recovery) for off balance sheet credit exposure

$ (22,000)

$ 220,000

$ (220,000)

Term Extension Modifications | Construction Real Estate

Incremental period that the loan maturity can be extended to

3 months

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, 2024	Jun. 30, 2023	Jun. 30, 2022
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for credit losses at acquisition			$ (3,600,000)	$ (17,100,000)	$ (1,500,000)
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 ($) $ in Thousands	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Allowance for credit losses:
Balance, beginning of period	$ 47,820	$ 33,192
Initial ACL on PCD loans	3,600	17,100	$ 1,500
Provision (benefit) charged to expense	6,625	14,131	(66)
Losses charged off	(2,055)	(673)	(153)
Recoveries	126	49	69
Balance, end of period	52,516	47,820	33,192
Total allowance for credit losses on loans				$ 33,222
Residential Real Estate
Allowance for credit losses:
Balance, beginning of period	15,641	8,908
Provision (benefit) charged to expense	713	6,655	(2,238)
Losses charged off	(515)	(19)	(72)
Recoveries		1	3
Balance, end of period	15,839	15,641	8,908
Total allowance for credit losses on loans				11,192
Construction Real Estate
Allowance for credit losses:
Balance, beginning of period	2,664	2,220
Provision (benefit) charged to expense	(174)	432	46
Losses charged off	(289)
Balance, end of period	2,201	2,664	2,220
Total allowance for credit losses on loans				2,170
Commercial Real Estate
Allowance for credit losses:
Balance, beginning of period	22,838	16,838
Provision (benefit) charged to expense	4,100	5,605	2,251
Losses charged off	(496)	(245)
Recoveries	18	12
Balance, end of period	26,460	22,838	16,838
Total allowance for credit losses on loans				14,535
Consumer
Allowance for credit losses:
Balance, beginning of period	909	710
Provision (benefit) charged to expense	482	334	(205)
Losses charged off	(360)	(327)	(65)
Recoveries	71	28	64
Balance, end of period	1,102	909	710
Total allowance for credit losses on loans				916
Commercial
Allowance for credit losses:
Balance, beginning of period	5,768	4,516
Provision (benefit) charged to expense	1,504	1,105	80
Losses charged off	(395)	(82)	(16)
Recoveries	37	8	2
Balance, end of period	6,914	5,768	4,516
Total allowance for credit losses on loans				$ 4,409
Accounting Standards Update 2016-13 | Impact of adoption ASU
Allowance for credit losses:
Balance, beginning of period		120
Balance, end of period			120
Accounting Standards Update 2016-13 | Residential Real Estate | Impact of adoption ASU
Allowance for credit losses:
Balance, beginning of period		23
Balance, end of period			23
Accounting Standards Update 2016-13 | Construction Real Estate | Impact of adoption ASU
Allowance for credit losses:
Balance, beginning of period		4
Balance, end of period			4
Accounting Standards Update 2016-13 | Commercial Real Estate | Impact of adoption ASU
Allowance for credit losses:
Balance, beginning of period		52
Balance, end of period			52
Accounting Standards Update 2016-13 | Commercial | Impact of adoption ASU
Allowance for credit losses:
Balance, beginning of period		41
Balance, end of period			$ 41
Accounting Standards Update 2022-02 | Impact of adoption ASU
Allowance for credit losses:
Balance, beginning of period	1,121
Balance, end of period		1,121
Accounting Standards Update 2022-02 | Residential Real Estate | Impact of adoption ASU
Allowance for credit losses:
Balance, beginning of period	96
Balance, end of period		96
Accounting Standards Update 2022-02 | Construction Real Estate | Impact of adoption ASU
Allowance for credit losses:
Balance, beginning of period	12
Balance, end of period		12
Accounting Standards Update 2022-02 | Commercial Real Estate | Impact of adoption ASU
Allowance for credit losses:
Balance, beginning of period	628
Balance, end of period		628
Accounting Standards Update 2022-02 | Consumer | Impact of adoption ASU
Allowance for credit losses:
Balance, beginning of period	164
Balance, end of period		164
Accounting Standards Update 2022-02 | Commercial | Impact of adoption ASU
Allowance for credit losses:
Balance, beginning of period	$ 221
Balance, end of period		$ 221

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, 2024	Jun. 30, 2023	Jun. 30, 2022
Allowance for off-balance sheet credit exposure:
Balance, beginning of period	$ 6,288	$ 3,358	$ 1,805
Provision (benefit) charged to expense	(3,025)	2,930	1,553
Balance, end of period	3,263	6,288	3,358
Citizens Bancshares Company
Allowance for off-balance sheet credit exposure:
Balance, end of period	1,800
Residential Real Estate
Allowance for off-balance sheet credit exposure:
Balance, beginning of period	71	58	37
Provision (benefit) charged to expense	16	13	21
Balance, end of period	87	71	58
Construction Real Estate
Allowance for off-balance sheet credit exposure:
Balance, beginning of period	4,809	2,178	502
Provision (benefit) charged to expense	(2,917)	2,631	1,676
Balance, end of period	1,892	4,809	2,178
Commercial Real Estate
Allowance for off-balance sheet credit exposure:
Balance, beginning of period	475	421	188
Provision (benefit) charged to expense	(105)	54	233
Balance, end of period	370	475	421
Consumer
Allowance for off-balance sheet credit exposure:
Balance, beginning of period	73	61	218
Provision (benefit) charged to expense	3	12	(157)
Balance, end of period	76	73	61
Commercial
Allowance for off-balance sheet credit exposure:
Balance, beginning of period	860	640	860
Provision (benefit) charged to expense	(22)	220	(220)
Balance, end of period	$ 838	$ 860	$ 640

Loans and Allowance for Credi_8

Loans and Allowance for Credit Losses - Gross Charge-offs by Loan Class and Year of Origination (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022
Financing Receivable, Credit Quality Indicator [Line Items]
2024	$ 38
2023	948
2022	761
2021	259
Prior	49
Financing Receivable, Allowance for Credit Loss, Writeoff, Total	2,055	$ 673	$ 153
Residential Real Estate
Financing Receivable, Credit Quality Indicator [Line Items]
2022	382
2021	97
Prior	36
Financing Receivable, Allowance for Credit Loss, Writeoff, Total	515	19	72
Construction Real Estate
Financing Receivable, Credit Quality Indicator [Line Items]
2023	100
2022	78
2021	111
Financing Receivable, Allowance for Credit Loss, Writeoff, Total	289
Commercial Real Estate
Financing Receivable, Credit Quality Indicator [Line Items]
2023	496
Financing Receivable, Allowance for Credit Loss, Writeoff, Total	496	245
Consumer
Financing Receivable, Credit Quality Indicator [Line Items]
2024	38
2023	162
2022	106
2021	41
Prior	13
Financing Receivable, Allowance for Credit Loss, Writeoff, Total	360	327	65
Commercial
Financing Receivable, Credit Quality Indicator [Line Items]
2023	190
2022	195
2021	10
Financing Receivable, Allowance for Credit Loss, Writeoff, Total	$ 395	$ 82	$ 16

Loans and Allowance for Credi_9

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, 2024	Jun. 30, 2023
Financing Receivable, Credit Quality Indicator [Line Items]
Amount of loan relationships subject to annual credit analysis	$ 4,000
Loan relationships that are subject to independent annual review	1,000
2024 / 2023	737,190	$ 1,112,842
2023 / 2022	953,922	969,065
2022 / 2021	833,645	623,440
2021 / 2020	518,406	213,074
2020 / 2019	171,485	108,106
Prior	200,743	195,293
Revolving loans	434,644	397,377
Total	3,850,035	3,619,197
Pass
Financing Receivable, Credit Quality Indicator [Line Items]
2024 / 2023	720,679	1,089,767
2023 / 2022	926,158	934,545
2022 / 2021	802,592	619,444
2021 / 2020	515,857	208,612
2020 / 2019	166,539	107,260
Prior	196,262	191,942
Revolving loans	432,843	393,419
Total	3,760,930	3,544,989
Watch
Financing Receivable, Credit Quality Indicator [Line Items]
2024 / 2023	8,921	10,385
2023 / 2022	26,306	6,729
2022 / 2021	2,049	932
2021 / 2020	2,063	3,990
2020 / 2019	4,800	198
Prior	2,963	144
Revolving loans	1,141	2,554
Total	48,243	24,932
Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
2024 / 2023		2,940
Total		2,940
Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
2024 / 2023	7,590	9,750
2023 / 2022	1,458	27,791
2022 / 2021	29,004	3,064
2021 / 2020	486	472
2020 / 2019	146	648
Prior	1,518	3,207
Revolving loans	660	1,404
Total	40,862	46,336
Residential Real Estate
Financing Receivable, Credit Quality Indicator [Line Items]
2024 / 2023	191,897	330,193
2023 / 2022	309,735	314,305
2022 / 2021	275,543	253,203
2021 / 2020	217,940	103,843
2020 / 2019	86,363	25,849
Prior	93,508	96,919
Revolving loans	10,706	9,105
Total	1,185,692	1,133,417
Residential Real Estate | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
2024 / 2023	191,083	328,142
2023 / 2022	308,691	312,853
2022 / 2021	275,456	252,077
2021 / 2020	217,361	103,735
2020 / 2019	86,265	25,651
Prior	93,234	96,035
Revolving loans	10,706	9,100
Total	1,182,796	1,127,593
Residential Real Estate | Watch
Financing Receivable, Credit Quality Indicator [Line Items]
2024 / 2023	814	1,214
2023 / 2022	247	1,136
2022 / 2021	87	616
2021 / 2020	396	108
2020 / 2019	98	198
Prior	23	27
Revolving loans		5
Total	1,665	3,304
Residential Real Estate | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
2024 / 2023		837
2023 / 2022	797	316
2022 / 2021		510
2021 / 2020	183
Prior	251	857
Total	1,231	2,520
Construction Real Estate
Financing Receivable, Credit Quality Indicator [Line Items]
2024 / 2023	76,071	125,089
2023 / 2022	134,887	50,690
2022 / 2021	18,130	10,946
2021 / 2020		3,190
Revolving loans		941
Total	229,088	190,856
Construction Real Estate | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
2024 / 2023	76,007	124,479
2023 / 2022	131,981	50,011
2022 / 2021	18,130	10,946
2021 / 2020		3,190
Revolving loans		941
Total	226,118	189,567
Construction Real Estate | Watch
Financing Receivable, Credit Quality Indicator [Line Items]
2024 / 2023	64	280
2023 / 2022	2,906
Total	2,970	280
Construction Real Estate | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
2024 / 2023		330
2023 / 2022		679
Total		1,009
Commercial Real Estate
Financing Receivable, Credit Quality Indicator [Line Items]
2024 / 2023	265,181	481,395
2023 / 2022	412,708	505,987
2022 / 2021	478,895	282,509
2021 / 2020	245,016	93,439
2020 / 2019	77,891	75,126
Prior	94,245	85,723
Revolving loans	48,429	38,200
Total	1,622,365	1,562,379
Commercial Real Estate | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
2024 / 2023	251,759	462,643
2023 / 2022	389,523	474,140
2022 / 2021	449,298	279,921
2021 / 2020	243,066	89,272
2020 / 2019	73,189	74,653
Prior	91,232	83,871
Revolving loans	47,322	37,443
Total	1,545,389	1,501,943
Commercial Real Estate | Watch
Financing Receivable, Credit Quality Indicator [Line Items]
2024 / 2023	6,762	8,122
2023 / 2022	22,825	5,382
2022 / 2021	1,715	163
2021 / 2020	1,667	3,879
2020 / 2019	4,702
Prior	2,585	117
Revolving loans	519
Total	40,775	17,663
Commercial Real Estate | Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
2024 / 2023		2,940
Total		2,940
Commercial Real Estate | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
2024 / 2023	6,660	7,690
2023 / 2022	360	26,465
2022 / 2021	27,882	2,425
2021 / 2020	283	288
2020 / 2019		473
Prior	428	1,735
Revolving loans	588	757
Total	36,201	39,833
Consumer
Financing Receivable, Credit Quality Indicator [Line Items]
2024 / 2023	33,371	36,107
2023 / 2022	18,311	14,532
2022 / 2021	6,888	5,509
2021 / 2020	2,947	1,692
2020 / 2019	859	717
Prior	1,348	1,420
Revolving loans	80,874	73,538
Total	144,598	133,515
Consumer | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
2024 / 2023	33,371	36,003
2023 / 2022	18,309	14,530
2022 / 2021	6,829	5,446
2021 / 2020	2,944	1,692
2020 / 2019	829	717
Prior	1,348	1,379
Revolving loans	80,852	73,225
Total	144,482	132,992
Consumer | Watch
Financing Receivable, Credit Quality Indicator [Line Items]
2024 / 2023		71
2022 / 2021		62
Total		133
Consumer | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
2024 / 2023		33
2023 / 2022	2	2
2022 / 2021	59	1
2021 / 2020	3
2020 / 2019	30
Prior		41
Revolving loans	22	313
Total	116	390
Commercial
Financing Receivable, Credit Quality Indicator [Line Items]
2024 / 2023	170,670	140,058
2023 / 2022	78,281	83,551
2022 / 2021	54,189	71,273
2021 / 2020	52,503	10,910
2020 / 2019	6,372	6,414
Prior	11,642	11,231
Revolving loans	294,635	275,593
Total	668,292	599,030
Commercial | Pass
Financing Receivable, Credit Quality Indicator [Line Items]
2024 / 2023	168,459	138,500
2023 / 2022	77,654	83,011
2022 / 2021	52,879	71,054
2021 / 2020	52,486	10,723
2020 / 2019	6,256	6,239
Prior	10,448	10,657
Revolving loans	293,963	272,710
Total	662,145	592,894
Commercial | Watch
Financing Receivable, Credit Quality Indicator [Line Items]
2024 / 2023	1,281	698
2023 / 2022	328	211
2022 / 2021	247	91
2021 / 2020		3
Prior	355
Revolving loans	622	2,549
Total	2,833	3,552
Commercial | Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
2024 / 2023	930	860
2023 / 2022	299	329
2022 / 2021	1,063	128
2021 / 2020	17	184
2020 / 2019	116	175
Prior	839	574
Revolving loans	50	334
Total	$ 3,314	$ 2,584

Loans and Allowance for Cred_10

Loans and Allowance for Credit Losses - Credit risk profile based on rating and payment activity (Details) - USD ($)	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Pass
Financing Receivable, Credit Quality Indicator [Line Items]
PCD loans receivable, net of ACL	$ 40,900,000	$ 37,400,000
Watch
Financing Receivable, Credit Quality Indicator [Line Items]
PCD loans receivable, net of ACL	8,400,000	12,700,000
Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
PCD loans receivable, net of ACL	0	0
Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
PCD loans receivable, net of ACL	3,100,000	6,300,000
Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
PCD loans receivable, net of ACL	$ 0	$ 0

Loans and Allowance for Cred_11

Loans and Allowance for Credit Losses - Loan portfolio aging analysis (Details)	12 Months Ended
	Jun. 30, 2024 USD ($) loan	Jun. 30, 2023 USD ($) loan
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	$ 3,850,035,000	$ 3,619,197,000
Greater than 90 Days Past Due and Accruing		109,000
Financial Asset, Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	9,201,000	10,741,000
30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	3,128,000	4,212,000
60 to 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	2,621,000	2,767,000
Greater than 90 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	$ 3,452,000	$ 3,762,000
Number of PCD loans greater than 90 days past due | loan	1	0
Purchased credit-impaired loans	$ 560,000	$ 0
Financial Asset, Not Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	3,840,834,000	3,608,456,000
Residential Portfolio Segment [Member]
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	1,185,692,000	1,133,417,000
Greater than 90 Days Past Due and Accruing		109,000
Residential Portfolio Segment [Member] | Financial Asset, Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	2,846,000	2,868,000
Residential Portfolio Segment [Member] | 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	520,000	1,984,000
Residential Portfolio Segment [Member] | 60 to 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	1,848,000	401,000
Residential Portfolio Segment [Member] | Greater than 90 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	478,000	483,000
Residential Portfolio Segment [Member] | Financial Asset, Not Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	1,182,846,000	1,130,549,000
Construction Real Estate
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	229,088,000	190,856,000
Construction Real Estate | Financial Asset, Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	589,000	1,452,000
Construction Real Estate | 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	213,000	443,000
Construction Real Estate | 60 to 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	376,000	311,000
Construction Real Estate | Greater than 90 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Loans Receivable		698,000
Construction Real Estate | Financial Asset, Not Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	228,499,000	189,404,000
Commercial Real Estate Portfolio Segment [Member]
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	1,622,365,000	1,562,379,000
Commercial Real Estate Portfolio Segment [Member] | Financial Asset, Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	2,138,000	4,050,000
Commercial Real Estate Portfolio Segment [Member] | 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	1,042,000	616,000
Commercial Real Estate Portfolio Segment [Member] | 60 to 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	1,000	1,854,000
Commercial Real Estate Portfolio Segment [Member] | Greater than 90 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	1,095,000	1,580,000
Commercial Real Estate Portfolio Segment [Member] | Financial Asset, Not Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	1,620,227,000	1,558,329,000
Consumer Portfolio Segment [Member]
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	144,598,000	133,515,000
Consumer Portfolio Segment [Member] | Financial Asset, Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	917,000	792,000
Consumer Portfolio Segment [Member] | 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	476,000	456,000
Consumer Portfolio Segment [Member] | 60 to 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	311,000	124,000
Consumer Portfolio Segment [Member] | Greater than 90 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	130,000	212,000
Consumer Portfolio Segment [Member] | Financial Asset, Not Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	143,681,000	132,723,000
Commercial Portfolio Segment [Member]
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	668,292,000	599,030,000
Commercial Portfolio Segment [Member] | Financial Asset, Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	2,711,000	1,579,000
Commercial Portfolio Segment [Member] | 30-59 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	877,000	713,000
Commercial Portfolio Segment [Member] | 60 to 89 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	85,000	77,000
Commercial Portfolio Segment [Member] | Greater than 90 Days Past Due
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	1,749,000	789,000
Commercial Portfolio Segment [Member] | Financial Asset, Not Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total Loans Receivable	$ 665,581,000	$ 597,451,000

Loans and Allowance for Cred_12

Loans and Allowance for Credit Losses - Collateral dependent loans and related ACL (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022
Total Loans Receivable	$ 3,850,035	$ 3,619,197
Related allowance for credit losses	52,516	47,820	$ 33,192
Collateral Pledged [Member]
Total Loans Receivable	26,959	6,376
Related allowance for credit losses	10,926	901
1- to 4-family residential real estate
Total Loans Receivable	797	837
Related allowance for credit losses	116	156
Construction real estate
Total Loans Receivable		642
Related allowance for credit losses		79
Commercial real estate
Total Loans Receivable	23,457	4,897
Related allowance for credit losses	10,175	666
Commercial
Total Loans Receivable	2,705
Related allowance for credit losses	635
Commercial Real Estate Portfolio Segment [Member]
Total Loans Receivable	1,622,365	1,562,379
Related allowance for credit losses	26,460	22,838	16,838
Commercial Real Estate Portfolio Segment [Member] | Collateral Pledged [Member]
Total Loans Receivable	23,457	4,897
Commercial Real Estate Portfolio Segment [Member] | Commercial real estate
Total Loans Receivable	23,457	4,897
Residential Portfolio Segment [Member]
Total Loans Receivable	1,185,692	1,133,417
Related allowance for credit losses	15,839	15,641	8,908
Residential Portfolio Segment [Member] | Collateral Pledged [Member]
Total Loans Receivable	797	837
Residential Portfolio Segment [Member] | 1- to 4-family residential real estate
Total Loans Receivable	797	837
Business Equipment [Member] | Collateral Pledged [Member]
Total Loans Receivable	2,705
Business Equipment [Member] | Commercial
Total Loans Receivable	2,705
Construction Real Estate
Total Loans Receivable	229,088	190,856
Related allowance for credit losses	2,201	2,664	2,220
Construction Real Estate | Collateral Pledged [Member]
Total Loans Receivable		642
Construction Real Estate | Construction real estate
Total Loans Receivable		642
Commercial
Total Loans Receivable	668,292	599,030
Related allowance for credit losses	$ 6,914	$ 5,768	$ 4,516

Loans and Allowance for Cred_13

Loans and Allowance for Credit Losses - Nonaccrual Loans (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Jun. 30, 2023
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual loans	$ 6,680	$ 7,543
Nonaccrual loans individually evaluated for which no ACL was recorded	0
Residential Portfolio Segment [Member]
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual loans	798	934
Construction Real Estate
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual loans		698
Commercial Real Estate Portfolio Segment [Member]
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual loans	3,106	4,564
Consumer Portfolio Segment [Member]
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual loans	135	256
Commercial Portfolio Segment [Member]
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual loans	$ 2,641	$ 1,091

Loans and Allowance for Cred_14

Loans and Allowance for Credit Losses - Performing Loans Classified as Modifications to Borrowers Experiencing Financial Difficulty (Details)	12 Months Ended
	Jun. 30, 2024 USD ($) loan
Financing Receivable, Modified [Line Items]
Recorded Investment, modifications	$ 859,000
Number of loans modified | loan	2
Total Class of Financing Receivable	2%
Commercial Portfolio Segment [Member]
Financing Receivable, Modified [Line Items]
Total Class of Financing Receivable	13%
Payment Delays
Financing Receivable, Modified [Line Items]
Modifications made to loans for borrowers experiencing financial difficulty	$ 859,000
Payment Delays | Commercial Portfolio Segment [Member]
Financing Receivable, Modified [Line Items]
Modifications made to loans for borrowers experiencing financial difficulty	$ 859,000

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, 2024	Jun. 30, 2023
Loans and Allowance for Credit Losses
Beginning Balance	$ 10,547	$ 10,614
Additions	6,465	6,374
Repayments	(5,911)	(7,223)
Change in related party		782
Ending Balance	$ 11,101	$ 10,547

Loans and Allowance for Cred_16

Loans and Allowance for Credit Losses - TDRs Segregated by Class (Details) $ in Thousands	12 Months Ended
	Jun. 30, 2023 USD ($) loan
Number of modifications	0
Number of modifications	22
Recorded Investment | $	$ 29,765
Residential Portfolio Segment [Member]
Number of modifications	10
Recorded Investment | $	$ 3,438
Commercial Real Estate Portfolio Segment [Member]
Number of modifications	6
Recorded Investment | $	$ 24,017
Commercial Portfolio Segment [Member]
Number of modifications	6
Recorded Investment | $	$ 2,310

Loans and Allowance for Cred_17

Loans and Allowance for Credit Losses - Real Estate Foreclosures (Details) - USD ($)	Jun. 30, 2024	Jun. 30, 2023
Financing Receivable, Modified [Line Items]
Repossessed assets	$ 74,000	$ 0
Residential Real Estate [Member] | Home Equity Loan [Member]
Financing Receivable, Modified [Line Items]
Foreclosure proceedings in process	$ 193,000	$ 1,500,000

Premises and Equipment - Summar

Premises and Equipment - Summary of premises and equipment (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Jun. 30, 2023
Premises and Equipment
Land	$ 15,376	$ 15,415
Buildings and improvements	84,474	79,661
Construction in progress	829	450
Furniture, fixtures, equipment and software	27,850	26,404
Automobiles	112	122
Operating leases right of use asset	$ 6,669	$ 6,125
Operating lease, right-of-use asset, statement of financial position extensible enumeration	Premises and equipment, net	Premises and equipment, net
Property, Plant and Equipment, Gross	$ 135,310	$ 128,177
Less accumulated depreciation	39,358	35,780
Premises and equipment, net	$ 95,952	$ 92,397

Premises and Equipment - Additi

Premises and Equipment - Additional Information (Details)	12 Months Ended
	Jun. 30, 2024 USD ($) property	Jun. 30, 2023 USD ($)
Number of leased properties | property	11
Operating lease expense	$ 1,200,000	$ 720,000
Income recognized from lessor agreements	$ 334,000	$ 228,000
Minimum
Lessee Expected Lease Terms	18 months
Operating Lease, Weighted Average Discount Rate, Percent	5%
Maximum
Lessee Expected Lease Terms	P20Y
Operating Lease, Weighted Average Discount Rate, Percent	8.50%

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, 2024	Jun. 30, 2023
Premises and Equipment
Operating leases right of use asset	$ 6,669	$ 6,125
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]	Property, Plant and Equipment, Net	Property, Plant and Equipment, Net
Operating leases liability	$ 6,669	$ 6,125
Operating lease costs classified as occupancy and equipment expense (includes short-term lease costs)	1,215	720
Operating cash flows from operating leases	840	$ 524
ROU assets obtained in exchange for operating lease obligations:	$ 2,445

Premises and Equipment - Future

Premises and Equipment - Future expected lease payments for leases (Details) $ in Thousands	Jun. 30, 2024 USD ($)
Premises and Equipment
2025	$ 772
2026	720
2027	714
2028	729
2028	748
Thereafter	8,298
Future lease payments expected	$ 11,981

Deposits (Details)

Deposits (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Jun. 30, 2023
Non-interest bearing accounts	$ 514,107	$ 597,600
NOW accounts	1,239,663	1,328,423
Money market deposit accounts	336,799	452,728
Savings accounts	517,084	282,753
TOTAL NON-MATURITY DEPOSITS	2,607,653	2,661,504
Certificates	1,344,804	1,064,036
Total Deposit Accounts	3,952,457	3,725,540
0.00-.99%
Certificates	17,862	92,533
1.00-1.99%
Certificates	33,395	109,564
2.00-2.99%
Certificates	46,195	186,538
3.00-3.99%
Certificates	149,095	109,780
4.00-4.99%
Certificates	671,562	472,546
5.00 - 5.99%
Certificates	421,816	93,057
6.00% and above
Certificates	$ 4,879	$ 18

Deposits - Additional Informati

Deposits - Additional Information (Details) - USD ($) $ in Millions	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Deposits
Aggregate Amount of Deposits With a Minimum Denomination of $250,000	$ 1,200	$ 1,200
Brokered certificates	171.8	146.5
Deposits Held for Affiliates	$ 6.5	$ 6.6

Deposits - Summary of Certifica

Deposits - Summary of Certificate Maturities (Details) $ in Thousands	Jun. 30, 2024 USD ($)
Deposits
July 1, 2023 to June 30, 2024	$ 1,082,571
July 1, 2024 to June 30, 2025	101,415
July 1, 2025 to June 30, 2026	64,802
July 1, 2026 to June 30, 2027	65,916
July 1, 2027 to June 30, 2028	30,005
Thereafter	95
TOTAL	$ 1,344,804

Advances from Federal Home Lo_3

Advances from Federal Home Loan Bank (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Jun. 30, 2023
Federal Home Loan Bank Advances.	$ 102,050	$ 133,514
Federal Home Loan Bank, Advances, Weighted Average Interest Rate	3.82%	3.95%
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
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
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
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
07/24/24 | Federal Home Loan Bank Advances Maturity Date
Federal Home Loan Bank, Advances, Interest Rate	0.66%
Federal Home Loan Bank Advances.	$ 1,995	1,966
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
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.	$ 1,967	1,939
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	5,000
06/22/26 | Federal Home Loan Bank Advances Maturity Date
Federal Home Loan Bank, Advances, Interest Rate	4.55%
Federal Home Loan Bank Advances.	$ 5,000	5,000
06/26/26 | Federal Home Loan Bank Advances Maturity Date
Federal Home Loan Bank, Advances, Interest Rate	4.49%
Federal Home Loan Bank Advances.	$ 5,000	5,000
07/17/26 | Federal Home Loan Bank Advances Maturity Date
Federal Home Loan Bank, Advances, Interest Rate	4.54%
Federal Home Loan Bank Advances.	$ 5,000
07/22/26 | Federal Home Loan Bank Advances Maturity Date
Federal Home Loan Bank, Advances, Interest Rate	1.10%
Federal Home Loan Bank Advances.	$ 1,951	1,929
12/14/26 | Federal Home Loan Bank Advances Maturity Date
Federal Home Loan Bank, Advances, Interest Rate	2.65%
Federal Home Loan Bank Advances.	$ 137	189
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	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	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	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	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	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	5,000
07/19/27 | Federal Home Loan Bank Advances Maturity Date
Federal Home Loan Bank, Advances, Interest Rate	4.37%
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	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	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	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	5,000
07/18/28
Federal Home Loan Bank, Advances, Interest Rate	4.19%
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, 2024	Jun. 30, 2023
Advances from Federal Home Loan Bank
July 1, 2023 to June 30, 2024	$ 7,995
July 1, 2024 to June 30, 2025	16,967
July 1, 2025 to June 30, 2026	37,088
July 1, 2026 to June 30, 2027	35,000
July 1, 2027 to June 30, 2028	5,000
TOTAL	$ 102,050	$ 133,514

Advances from Federal Home Lo_5

Advances from Federal Home Loan Bank - Additional Information (Details) - USD ($)	Jun. 30, 2024	Jun. 30, 2023
Advances from Federal Home Loan Bank
FHLB prior to maturity amount	$ 0
Long-Term Line of Credit	742,500,000	$ 541,300,000
Line of Credit Outstanding	$ 1,400,000,000	$ 1,100,000,000

Subordinated Debt (Details)

Subordinated Debt (Details) - USD ($)		1 Months Ended			12 Months Ended
	Feb. 25, 2022	May 31, 2021	Aug. 31, 2014	Oct. 31, 2013	Jun. 30, 2024	Jun. 30, 2023	Feb. 28, 2022
Subordinated debt (Note 7)					$ 23,156,000	$ 23,105,000
Investment, carrying value					474,700,000	464,200,000
Prepaid Expenses and Other Current Assets
Investment, face amount					505,000
Investment, carrying value					$ 467,000
Trust Preferred Securities
Number of years after securities became redeemable					5 years
Interest rate (as a percent)					8.35%
Subordinated debt (Note 7)					$ 7,200,000	7,200,000
Ozarks Legacy Community Financial, Inc.
Interest rate (as a percent)					8.05%
Floating rate				$ 3,100,000
Ozarks Legacy Community Financial, Inc. | Reported Value Measurement
Floating rate					$ 2,800,000	2,700,000
Peoples Service Company, Inc.
Interest rate (as a percent)					7.40%
Floating rate			$ 6,500,000
Peoples Service Company, Inc. | Reported Value Measurement
Floating rate					$ 5,600,000	5,500,000
Fortune
Less: common stock issued	$ 22,884,000
Fortune | Subordinated notes Issued in May 2021
Interest rate (as a percent)		4.50%
Subordinated debt (Note 7)					$ 7,600,000	$ 7,700,000
Instrument face amount							$ 7,500,000
Variable rate (as a percent)		3.77%
Debt Instrument, Variable Interest Rate, Type [Extensible Enumeration]					us-gaap:SecuredOvernightFinancingRateSofrMember

Employee Benefits - 401(k) Reti

Employee Benefits - 401(k) Retirement Plan (Details) - USD ($) $ in Millions	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022
Defined Contribution Plan Disclosure [Line Items]
Additional profit-sharing contributions of eligible salary	5%
Retirement plan expenses	$ 2.8	$ 2.4	$ 1.9
401(k) Retirement Plan Shares Held	412,000
Vesting period	5 years
Maximum [Member]
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			72 Months Ended
	Jun. 30, 2017	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2017
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	0	2,250
Equity Incentive Plan Expense		$ 0	$ 0	$ 46,000
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 ($)	1 Months Ended	12 Months Ended
	Oct. 31, 2003	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Defined Contribution Plan Disclosure [Line Items]
Granted		23,500	44,000	14,500
Exercised		16,000	0	0
Forfeited		15,000
Outstanding		140,500	148,000	104,000	89,500
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 197,000 shares (split-adjusted) have been exercised, and options to purchase 45,000 shares (split-adjusted) have been forfeited. 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	197,000	10,000
Forfeited	45,000
Outstanding		0
Stock Option Plan unrecognized compensation expense related to Nonvested stock options		$ 0
Options vested		0	0	0

Employee Benefits - 2017 Omnibu

Employee Benefits - 2017 Omnibus Incentive Plan (Details)	12 Months Ended
	Jun. 30, 2024 USD ($) shares	Jun. 30, 2023 USD ($) shares	Jun. 30, 2022 USD ($) shares	Jun. 30, 2021 shares
Defined Contribution Plan Disclosure [Line Items]
Common stock reserve for issuance	132,000
Granted	23,500	44,000	14,500
Exercised	16,000	0	0
Forfeited	15,000
Outstanding	140,500	148,000	104,000	89,500
Options Exercisable, Number	65,800	63,700	44,900
Equity Incentive Plan vesting percentage	20%
Restricted Stock [Member]
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	161,500
Exercised	6,000
Forfeited	15,000
Outstanding	140,500
Unrecognized compensation cost | $	$ 1,000,000
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Intrinsic Value | $	704,000
Stock Option Plan Intrinsic Value of Options Vested | $	$ 126,000	$ 42,000	$ 150,000
Options Exercisable, Number	12,600
Full value awards issued	26,600	28,650	22,350
Full value awards vested	16,624	15,140	12,860
Share based compensation expense | $	$ 903,000	$ 833,000	$ 548,000
Unvested compensation cost for full value awards | $	$ 2,500,000
Omnibus Incentive Plan 2017 | Restricted Stock [Member]
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 [Member]
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 [Member]
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	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding [Roll Forward]
Outstanding at beginning of year, Number	148,000	104,000	89,500
Granted, Number	23,500	44,000	14,500
Exercised, Number	(16,000)	0	0
Forfeited, Number	(15,000)
Outstanding at year-end, Number	140,500	148,000	104,000
Options Exercisable, Number	65,800	63,700	44,900
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Abstract]
Options Outstanding, Weighted Average Exercise Price	$ 39.63	$ 36.56	$ 33.77
Granted, Weighted Average Price	40.74	38.58	53.82
Exercised, Weighted Average Price	24.49
Forfeited, Weighted Average Price	42.35
Options Outstanding, Weighted Average Exercise Price	34.43	39.63	36.56
Options Exercisable, Weighted Average Exercise Price	$ 38.44	$ 33.89	$ 31.92

Employee Benefits - Schedule _2

Employee Benefits - Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions (Details) - $ / shares	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022
Employee Benefits
Expected dividend yield	2.06%	1.79%	1.49%
Expected volatility	34.89%	29.67%	28.02%
Risk-free interest rate	4.12%	3.79%	1.82%
Weighted-average expected life (years)	10 years	10 years	10 years
Weighted-average fair value of options granted during the year	$ 15.88	$ 16.68	$ 16.38

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) - $ / shares	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Defined Contribution Plan Disclosure [Line Items]
Options Outstanding, Number	140,500	148,000	104,000	89,500
Options Outstanding, Weighted Average Exercise Price	$ 34.43	$ 39.63	$ 36.56	$ 33.77
Options Exercisable, Number	65,800	63,700	44,900
Options Exercisable, Weighted Average Exercise Price	$ 38.44	$ 33.89	$ 31.92
43 mo.
Defined Contribution Plan Disclosure [Line Items]
Weighted Average Remaining Contractual Life	43 months
Options Outstanding, Number	11,500
Options Outstanding, Weighted Average Exercise Price	$ 37.31
Options Exercisable, Number	11,500
Options Exercisable, Weighted Average Exercise Price	$ 37.31
54 mo.
Defined Contribution Plan Disclosure [Line Items]
Weighted Average Remaining Contractual Life	54 months
Options Outstanding, Number	15,500
Options Outstanding, Weighted Average Exercise Price	$ 34.35
Options Exercisable, Number	15,500
Options Exercisable, Weighted Average Exercise Price	$ 34.35
68 mo.
Defined Contribution Plan Disclosure [Line Items]
Weighted Average Remaining Contractual Life	68 months
Options Outstanding, Number	15,500
Options Outstanding, Weighted Average Exercise Price	$ 37.40
Options Exercisable, Number	12,400
Options Exercisable, Weighted Average Exercise Price	$ 37.40
79 mo.
Defined Contribution Plan Disclosure [Line Items]
Weighted Average Remaining Contractual Life	79 months
Options Outstanding, Number	23,000
Options Outstanding, Weighted Average Exercise Price	$ 34.91
Options Exercisable, Number	13,800
Options Exercisable, Weighted Average Exercise Price	$ 34.91
91 mo.
Defined Contribution Plan Disclosure [Line Items]
Weighted Average Remaining Contractual Life	91 months
Options Outstanding, Number	11,500
Options Outstanding, Weighted Average Exercise Price	$ 53.82
Options Exercisable, Number	4,600
Options Exercisable, Weighted Average Exercise Price	$ 53.82
97 mo.
Defined Contribution Plan Disclosure [Line Items]
Weighted Average Remaining Contractual Life	97 months
Options Outstanding, Number	7,500
Options Outstanding, Weighted Average Exercise Price	$ 46.59
Options Exercisable, Number	1,500
Options Exercisable, Weighted Average Exercise Price	$ 46.59
104 mo.
Defined Contribution Plan Disclosure [Line Items]
Weighted Average Remaining Contractual Life	104 months
Options Outstanding, Number	32,500
Options Outstanding, Weighted Average Exercise Price	$ 46.94
Options Exercisable, Number	6,500
Options Exercisable, Weighted Average Exercise Price	$ 46.94
111 mo.
Defined Contribution Plan Disclosure [Line Items]
Weighted Average Remaining Contractual Life	111 months
Options Outstanding, Number	3,500
Options Outstanding, Weighted Average Exercise Price	$ 40.28
Options Exercisable, Weighted Average Exercise Price	$ 40.28
115 mo.
Defined Contribution Plan Disclosure [Line Items]
Weighted Average Remaining Contractual Life	115 months
Options Outstanding, Number	20,000
Options Outstanding, Weighted Average Exercise Price	$ 40.82
Options Exercisable, Weighted Average Exercise Price	$ 40.82

Income Taxes - Schedule of net

Income Taxes - Schedule of net deferred tax assets (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Jun. 30, 2023
Deferred tax assets:
Provision for losses on loans	$ 12,159	$ 12,101
Accrued compensation and benefits	1,063	974
NOL carry forwards acquired	30	709
Low income tax credit carry forward	396	1,192
Unrealized loss on other real estate	949	818
Unrealized loss on available for sale securities	4,915	6,174
Total deferred tax assets	19,512	21,968
Deferred tax liabilities:
Purchase accounting adjustments	2,452	2,348
Depreciation	4,519	4,276
FHLB stock dividends	120	120
Prepaid expenses	705	728
Other	529	1,636
Total deferred tax liabilities	8,325	9,108
Net deferred tax asset	$ 11,187	$ 12,860

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, 2024	Mar. 31, 2024	Dec. 31, 2023	Sep. 30, 2023	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, 2024	Jun. 30, 2023	Jun. 30, 2022
Income Tax Expense (Benefit), Effective Income Tax Rate Reconciliation, Amount [Abstract]
Tax at statutory rate													$ 13,253	$ 10,387	$ 12,580
Nontaxable municipal income													(471)	(327)	(349)
State tax, net of Federal benefit													412	46	812
Cash surrender value of Bank-owned life insurance													(401)	(318)	(245)
Tax credit benefits													(12)	(19)	(45)
Other, net													147	457	(18)
TOTAL INCOME TAXES	$ 3,430	$ 2,837	$ 3,173	$ 3,488	$ 3,939	$ 578	$ 3,267	$ 2,442	$ 3,602	$ 2,358	$ 3,288	$ 3,487	$ 12,928	$ 10,226	$ 12,735

Income Taxes - Additional Infor

Income Taxes - Additional Information (Details) - USD ($)	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022
Income Taxes
Interest or penalties on income taxes	$ 0	$ 0
Federal net operating loss carryforwards	137,000
State Net Operating Loss Carryforwards	$ 0
Effective tax rate (as a percent)	21%	21%	21%

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income (AOCI) - Components of AOCI (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Accumulated Other Comprehensive Income (Loss) [Line Items]
AOCI, included in stockholders' equity	$ (22,367)	$ (28,095)
Tax effect	4,912	6,170
Net of tax amount	488,748	446,058	$ 320,772	$ 283,423
Net unrealized loss on securities available-for-sale
Accumulated Other Comprehensive Income (Loss) [Line Items]
AOCI, included in stockholders' equity	(22,339)	(28,062)
Net unrealized gain on securities available-for-sale securities for which a portion of 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	(27)	(32)
AOCI Attributable to Parent [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Net of tax amount	$ (17,455)	$ (21,925)	$ (17,487)	$ 2,882

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, 2024	Jun. 30, 2023
Accumulated Other Comprehensive Income (Loss) [Line Items]
Unrealized gain on securities available-for-sale	$ (1,489)
Amortization of defined benefit pension items	$ 5	$ 5
Defined Benefit Plan, Net Periodic Benefit (Cost) Credit, Amortization of Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Employee Benefits and Share-Based Compensation	Employee Benefits and Share-Based Compensation
Total reclassified amount before tax	$ (1,484)	$ 5
Provision for income tax
Accumulated Other Comprehensive Income (Loss) [Line Items]
Tax benefit	(312)	1
Net Income
Accumulated Other Comprehensive Income (Loss) [Line Items]
Total reclassification out of AOCI	$ (1,172)	$ 4

Stockholders' Equity and Regu_3

Stockholders' Equity and Regulatory Capital (Details) $ in Thousands	Jun. 30, 2024 USD ($)	Jun. 30, 2023 USD ($)
Southern Bank | Total Capital (to Risk-Weighted Assets)
Capital	$ 496,105	$ 454,699
Capital to Risk Weighted Assets	0.1268	0.1177
Capital Required for Capital Adequacy	$ 312,877	$ 308,932
Capital Required for Capital Adequacy to Risk Weighted Assets	0.0800	0.0800
Capital Required to be Well Capitalized	$ 391,097	$ 386,166
Capital Required to be Well Capitalized to Risk Weighted Assets	0.1000	0.1000
Southern Bank | Tier I Capital (to Risk-Weighted Assets)
Capital	$ 447,192	$ 407,764
Capital to Risk Weighted Assets	0.1143	0.1056
Capital Required for Capital Adequacy	$ 234,658	$ 231,699
Capital Required for Capital Adequacy to Risk Weighted Assets	0.0600	0.0600
Capital Required to be Well Capitalized	$ 312,877	$ 308,932
Capital Required to be Well Capitalized to Risk Weighted Assets	0.0800	0.0800
Southern Bank | Tier I Capital (to Average Assets)
Capital	$ 447,192	$ 407,764
Capital to Risk Weighted Assets	0.0979	0.0954
Capital Required for Capital Adequacy	$ 182,723	$ 170,942
Capital Required for Capital Adequacy to Risk Weighted Assets	0.0400	0.0400
Capital Required to be Well Capitalized	$ 228,403	$ 213,677
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	$ 447,192	$ 407,764
Capital to Risk Weighted Assets	0.1143	0.1056
Capital Required for Capital Adequacy	$ 175,993	$ 173,774
Capital Required for Capital Adequacy to Risk Weighted Assets	0.0450	0.0450
Capital Required to be Well Capitalized	$ 254,213	$ 251,008
Capital Required to be Well Capitalized to Risk Weighted Assets	0.0650	0.0650
Consolidated | Total Capital (to Risk-Weighted Assets)
Capital	$ 524,023	$ 481,236
Capital to Risk Weighted Assets	0.1323	0.1252
Capital Required for Capital Adequacy	$ 316,979	$ 307,528
Capital Required for Capital Adequacy to Risk Weighted Assets	0.0800	0.0800
Consolidated | Tier I Capital (to Risk-Weighted Assets)
Capital	$ 467,027	$ 426,644
Capital to Risk Weighted Assets	0.1179	0.1110
Capital Required for Capital Adequacy	$ 237,734	$ 230,646
Capital Required for Capital Adequacy to Risk Weighted Assets	0.0600	0.0600
Consolidated | Tier I Capital (to Average Assets)
Capital	$ 467,027	$ 426,644
Capital to Risk Weighted Assets	0.1019	0.0995
Capital Required for Capital Adequacy	$ 183,262	$ 171,470
Capital Required for Capital Adequacy to Risk Weighted Assets	0.0400	0.0400
Consolidated | Common Equity Tier I Capital (to Risk-Weighted Assets)
Capital	$ 451,474	$ 411,196
Capital to Risk Weighted Assets	0.1139	0.1070
Capital Required for Capital Adequacy	$ 178,300	$ 172,985
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, 2024 USD ($)	Jun. 30, 2023 USD ($)
Stockholders' Equity and Regulatory Capital
Capital conservation buffer ratio	0.025
Amount of distributions as dividend of equity	$ 30,200
Assets	$ 4,604,316	$ 4,360,211

Commitments and Contingencies -

Commitments and Contingencies - Standby Letters of Credit: Letters of Credit (Details) - USD ($) $ in Millions	Jun. 30, 2024	Jun. 30, 2023
Commitments and Contingencies.
Letters of credit outstanding amount	$ 6.2	$ 7.1

Commitments and Contingencies_2

Commitments and Contingencies - Off-balance-sheet and Credit Risk (Details) - USD ($) $ in Millions	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Unused Commitments to Extend Credit	$ 898.6	$ 912
Commitments to originate fixed rate loans	$ 159.3
Weighted-average rate	7.04%
Commitments extended period	30 days
Diversified portfolio, loans	$ 1,500
Minimum [Member]
Term	12 months
Commitments to originate fixed rate loans rates	4.95%
Maximum [Member]
Term	24 months
Commitments to originate fixed rate loans rates	9%

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, 2024	Mar. 31, 2024	Dec. 31, 2023	Sep. 30, 2023	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, 2024	Jun. 30, 2023	Jun. 30, 2022
Earnings Per Share
Net Income													$ 50,182	$ 39,237	$ 47,169
Less: distributed earnings allocated to participating securities													(49)	(42)	(30)
Less: undistributed earnings allocated to participating securities													(208)	(150)	(165)
Net income available to common shareholders													$ 49,925	$ 39,045	$ 46,974
Weighted-average shares outstanding													11,292,634	10,124,766	8,994,022
Effect of dilutive securities stock options or awards													8,645	17,033	17,122
Denominator for diluted earnings per share													11,301,279	10,141,799	9,011,144
Basic earnings per share available to common stockholders	$ 1.19	$ 1	$ 1.08	$ 1.16	$ 1.37	$ 0.22	$ 1.26	$ 1.04	$ 1.41	$ 1.03	$ 1.35	$ 1.43	$ 4.42	$ 3.86	$ 5.22
Diluted earnings per share available to common stockholders	$ 1.19	$ 0.99	$ 1.07	$ 1.16	$ 1.37	$ 0.22	$ 1.26	$ 1.04	$ 1.41	$ 1.03	$ 1.34	$ 1.43	$ 4.42	$ 3.85	$ 5.21

Earnings Per Share - Additional

Earnings Per Share - Additional information (Details) - shares	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022
Employee Stock Option
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from the computation of diluted earnings per share		66,607
Restricted Stock
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from the computation of diluted earnings per share	79,830	66,607	22,750

Business Combinations - Additio

Business Combinations - Additional Information (Details)			12 Months Ended
	Jan. 20, 2023 USD ($) loan	Feb. 25, 2022 USD ($) loan	Jun. 30, 2024 USD ($)	Jun. 30, 2023 USD ($)	Jun. 30, 2022 USD ($)	Dec. 15, 2021 USD ($)
Goodwill			$ 50,727,000	$ 50,773,000
Citizens
Identifiable intangible assets	$ 24,645,000
Goodwill	23,438,000
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			$ 95,000	$ 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
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			$ 0	$ 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	$ 0	$ 50,000

Business Combinations - Purchas

Business Combinations - Purchase price for the citizens bancshares acquisition (Details) - USD ($) $ in Thousands	Jan. 20, 2023	Jun. 30, 2024	Jun. 30, 2023
Recognized amounts of identifiable assets acquired and liabilities assumed
Goodwill		$ 50,727	$ 50,773
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	226,497
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	109,731
Goodwill	$ 23,438

Business Combinations - Pro For

Business Combinations - Pro Forma (Details) - Citizens - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Business Acquisition [Line Items]
Acquired business contributed revenues	$ 18,600	$ 11,600
Acquired business contributed earnings	2,700	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, 2024	Jun. 30, 2023
Recognized amounts of identifiable assets acquired and liabilities assumed
Goodwill		$ 50,727	$ 50,773
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 assets	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, 2024	Jun. 30, 2023
Recognized amounts of identifiable assets acquired and liabilities assumed
Goodwill		$ 50,727	$ 50,773
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 assets	(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, 2024	Jun. 30, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative financial instruments (Assets)	$ 20
Derivative Asset, Statement of Financial Position [Extensible Enumeration]	Prepaid Expense and Other Assets
Derivative financial instruments (Liabilities)	$ 15
Derivative Liability, Statement of Financial Position [Extensible Enumeration]	Accounts Payable and Other Accrued Liabilities
Fair Value, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative financial instruments (Assets)	$ 20
Derivative financial instruments (Liabilities)	15
Fair Value, Nonrecurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Foreclosed and repossessed assets held for sale	759	$ 1,472
Collateral dependent loans	12,994
Fair Value, Inputs, Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative financial instruments (Assets)	20
Derivative financial instruments (Liabilities)	15
Fair Value, Inputs, Level 2 | Fair Value, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative financial instruments (Assets)	20
Derivative financial instruments (Liabilities)	15
Fair Value, Inputs, Level 3 | Fair Value, Nonrecurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Foreclosed and repossessed assets held for sale	759	1,472
Collateral dependent loans	12,994
Obligations of states and political subdivisions | Fair Value, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities	27,753	42,568
Obligations of states and political subdivisions | Fair Value, Inputs, Level 2 | Fair Value, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities	27,753	42,568
Corporate Obligations | Fair Value, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities	31,277	32,538
Corporate Obligations | Fair Value, Inputs, Level 2 | Fair Value, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities	31,277	32,538
Asset backed securities | Fair Value, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities	58,679	68,626
Asset backed securities | Fair Value, Inputs, Level 2 | Fair Value, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities	58,679	68,626
Other securities | Fair Value, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities	5,333	3,570
Other securities | Fair Value, Inputs, Level 2 | Fair Value, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities	5,333	3,570
MBS and CMOs | Fair Value, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities	304,861	270,252
MBS and CMOs | Fair Value, Inputs, Level 2 | Fair Value, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities	304,861	$ 270,252
Mortgage servicing assets | Fair Value, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities	2,448
Mortgage servicing assets | Fair Value, Inputs, Level 3 | Fair Value, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities	$ 2,448

Fair Value Measurements - Losse

Fair Value Measurements - Losses Recognized on Assets Measured on a Nonrecurring Basis (Details) - Fair Value, Nonrecurring - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total losses on assets measured on a non-recurring basis	$ 74	$ 60
Foreclosed and repossessed assets held for sale
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total losses on assets measured on a non-recurring basis	$ 74	$ 60

Fair Value Measurements - Unobs

Fair Value Measurements - Unobservable (Level 3) inputs (Details) - Fair Value, Nonrecurring - Fair Value, Inputs, Level 3 - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Foreclosed and repossessed assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value Measurements Nonrecurring Unobservable Inputs	$ 759	$ 1,472
Fair Value Measurements Nonrecurring Weighted Average Discount Applied	20.3	14.9
Foreclosed and repossessed assets | 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
Foreclosed and repossessed assets | Third party appraisal | Measurement Input, Discount Rate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value Measurements Nonrecurring Unobservable Inputs	Marketability discount	Marketability discount
Foreclosed and repossessed assets | Third party appraisal | Measurement Input, Discount Rate | Minimum [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value Measurements Nonrecurring Range of discounts Applied	0.179%	0.149%
Foreclosed and repossessed assets | Third party appraisal | Measurement Input, Discount Rate | Maximum [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value Measurements Nonrecurring Range of discounts Applied	0.449%	0.149%
Collateral dependent Loans
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value Measurements Nonrecurring Unobservable Inputs	$ 12,994
Fair Value Measurements Nonrecurring Weighted Average Discount Applied	43.7
Collateral dependent Loans | Third party appraisal | Measurement Input, Discount Rate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value Measurements Nonrecurring Unobservable Inputs	Marketability discount
Collateral dependent Loans | Collateral value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value Measurements Nonrecurring Valuation Technique	Collateral value
Collateral dependent Loans | Collateral value | Measurement Input, Discount Rate | Minimum [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value Measurements Nonrecurring Range of discounts Applied	0.145%

Fair Value Measurements - Sched

Fair Value Measurements - Schedule of financial instruments (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Financial assets
Cash and cash equivalents	$ 60,904	$ 53,979
Interest-bearing time deposits	491	1,242
Stock in FHLB	8,713	11,540
Stock in Federal Reserve Bank of St. Louis	9,089	9,061
Loans receivable, net	3,797,287	3,571,078
Accrued interest receivable	23,826	18,871
Mortgage Servicing Assets, Fair Value Disclosure	2,448
Derivative financial instruments	20
Financial liabilities
Deposits	3,952,457	3,725,540
Advances from FHLB	102,050	133,514
Accrued interest payable	12,868	4,723
Subordinated debt	23,156	23,105
Derivative financial instruments	15
Fair Value, Inputs, Level 1
Financial assets
Cash and cash equivalents	60,904	53,979
Financial liabilities
Deposits	2,607,653	2,661,479
Fair Value, Inputs, Level 2
Financial assets
Interest-bearing time deposits	491	1,242
Stock in FHLB	8,713	11,540
Stock in Federal Reserve Bank of St. Louis	9,089	9,061
Accrued interest receivable	23,826	18,871
Derivative financial instruments	20
Financial liabilities
Advances from FHLB	100,468	131,821
Accrued interest payable	12,868	4,723
Derivative financial instruments	15
Fair Value, Inputs, Level 3
Financial assets
Loans receivable, net	3,639,657	3,393,791
Mortgage Servicing Assets, Fair Value Disclosure	2,448
Financial liabilities
Deposits	1,338,215	1,053,650
Subordinated debt	$ 20,576	$ 20,318

Derivative Financial Instrume_3

Derivative Financial Instruments - Additional Information (Details) $ in Thousands	Jun. 30, 2024 USD ($) DerivativeInstrument	Jun. 30, 2023 DerivativeInstrument
1-4 Family interest rate swaps
Derivative [Line Items]
Notional Amount	$ 40,000
Number of derivative instruments executed | DerivativeInstrument	2	0
1-4 Family interest rate swaps(1)
Derivative [Line Items]
Notional Amount	$ 20,000
1-4 Family interest rate swaps (2)
Derivative [Line Items]
Notional Amount	$ 20,000

Derivative Financial Instrume_4

Derivative Financial Instruments - Notional amounts and estimated fair values of interest rate swaps (Details) - 1-4 Family interest rate swaps $ in Thousands	Jun. 30, 2024 USD ($)
Derivative [Line Items]
Notional Amount	$ 40,000
Other Assets	20
Other Liabilities	$ 15

Derivative Financial Instrume_5

Derivative Financial Instruments - Carrying amount of the hedged assets, located in loans receivable, net (Details) - 1-4 Family interest rate swaps $ in Thousands	Jun. 30, 2024 USD ($)
Derivative [Line Items]
Carrying Amount of Hedged Assets	$ 553,307
Cumulative Amount of Fair Value Hedging Adj Included in Carrying Amount of Hedged assets	$ 5

Condensed Parent Company Only_3

Condensed Parent Company Only Financial Statements - Balance Sheets (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Cash and cash equivalents	$ 60,904	$ 53,979
Total assets	4,604,316	4,360,211
Subordinated debt (Note 7)	23,156	23,105
Total liabilities	4,115,568	3,914,153
Stockholders' equity	488,748	446,058
Total liabilities and stockholders' equity	4,604,316	4,360,211
Parent Company [Member]
Cash and cash equivalents	13,967	13,442	$ 8,964	$ 1,193
Other assets	52,220	52,178
Investment in common stock of Bank	446,131	404,247
Total assets	512,318	469,867
Accrued expenses and other liabilities	414	704
Subordinated debt (Note 7)	23,156	23,105
Total liabilities	23,570	23,809
Stockholders' equity	488,748	446,058
Total liabilities and stockholders' equity	$ 512,318	$ 469,867

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, 2024	Mar. 31, 2024	Dec. 31, 2023	Sep. 30, 2023	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, 2024	Jun. 30, 2023	Jun. 30, 2022
Interest income	$ 64,667	$ 64,025	$ 61,576	$ 58,107	$ 54,283	$ 48,286	$ 38,851	$ 34,996	$ 31,572	$ 28,339	$ 28,096	$ 28,860	$ 248,375	$ 176,416	$ 116,867
Interest expense	29,572	29,516	27,090	22,714	18,065	14,519	10,600	6,487	3,814	3,225	3,038	3,223	108,892	49,671	13,300
NET INTEREST INCOME	35,095	34,509	34,486	35,393	36,218	33,767	28,251	28,509	27,758	25,114	25,058	25,637	139,483	126,745	103,567
Income tax benefit	(3,430)	(2,837)	(3,173)	(3,488)	(3,939)	(578)	(3,267)	(2,442)	(3,602)	(2,358)	(3,288)	(3,487)	(12,928)	(10,226)	(12,735)
NET INCOME	$ 13,530	$ 11,307	$ 12,193	$ 13,152	$ 15,560	$ 2,409	$ 11,664	$ 9,604	$ 13,084	$ 9,351	$ 11,985	$ 12,749	50,182	39,237	47,169
Parent Company
Interest income													41	32	14
Interest expense													1,742	1,439	686
NET INTEREST INCOME													(1,701)	(1,407)	(672)
Dividends from Bank													16,000	48,000	31,000
Operating expenses													1,018	3,041	1,124
Income before income taxes and equity in undistributed income of the Bank													13,281	43,552	29,204
Income tax benefit													571	552	321
Income before equity in undistributed income of the Bank													13,852	44,104	29,525
Equity in undistributed income of the Bank													36,330	(4,867)	17,644
NET INCOME													50,182	39,237	47,169
COMPREHENSIVE INCOME													$ 54,652	$ 34,799	$ 26,800

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, 2024	Mar. 31, 2024	Dec. 31, 2023	Sep. 30, 2023	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, 2024	Jun. 30, 2023	Jun. 30, 2022
Net Income (Loss)	$ 13,530	$ 11,307	$ 12,193	$ 13,152	$ 15,560	$ 2,409	$ 11,664	$ 9,604	$ 13,084	$ 9,351	$ 11,985	$ 12,749	$ 50,182	$ 39,237	$ 47,169
NET CASH PROVIDED BY OPERATING ACTIVITIES													70,268	62,023	67,342
NET CASH USED IN INVESTING ACTIVITIES													(245,735)	(213,405)	(303,928)
Dividends on common stock													9,526	8,632	7,194
Exercise of stock options													391
NET CASH PROVIDED BY FINANCING ACTIVITIES													182,392	118,552	199,803
Increase (decrease) in cash and cash equivalents													6,925	(32,830)	(36,783)
Cash and cash equivalents at beginning of period				53,979									53,979
Cash and cash equivalents at end of period	60,904				53,979								60,904	53,979
Parent Company
Net Income (Loss)													50,182	39,237	47,169
Equity in undistributed income of the Bank													(36,330)	4,867	(17,644)
Other adjustments, net													56	388	(698)
NET CASH PROVIDED BY OPERATING ACTIVITIES													13,908	44,492	28,827
Investments in Bank subsidiaries														(31,382)	(8,024)
NET CASH USED IN INVESTING ACTIVITIES														(31,382)	(8,024)
Dividends on common stock													(9,526)	(8,632)	(7,194)
Payments to acquire treasury stock													(3,857)		(5,838)
NET CASH PROVIDED BY FINANCING ACTIVITIES													(13,383)	(8,632)	(13,032)
Increase (decrease) in cash and cash equivalents													525	4,478	7,771
Cash and cash equivalents at beginning of period				$ 13,442				$ 8,964				$ 1,193	13,442	8,964	1,193
Cash and cash equivalents at end of period	$ 13,967				$ 13,442				$ 8,964				$ 13,967	$ 13,442	$ 8,964

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, 2024	Mar. 31, 2024	Dec. 31, 2023	Sep. 30, 2023	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, 2024	Jun. 30, 2023	Jun. 30, 2022
Quarterly Financial Data (Unaudited)
Interest income	$ 64,667	$ 64,025	$ 61,576	$ 58,107	$ 54,283	$ 48,286	$ 38,851	$ 34,996	$ 31,572	$ 28,339	$ 28,096	$ 28,860	$ 248,375	$ 176,416	$ 116,867
Interest expense	29,572	29,516	27,090	22,714	18,065	14,519	10,600	6,487	3,814	3,225	3,038	3,223	108,892	49,671	13,300
NET INTEREST INCOME	35,095	34,509	34,486	35,393	36,218	33,767	28,251	28,509	27,758	25,114	25,058	25,637	139,483	126,745	103,567
Provision (benefit) for credit / loan losses	900	900	900	900	795	10,072	1,138	5,056	240	1,552		(305)	3,600	17,061	1,487
Noninterest income	7,767	5,584	5,640	5,853	8,951	6,284	5,456	5,513	6,499	4,904	5,285	4,515	24,844	26,204	21,203
Noninterest expense	25,002	25,049	23,860	23,706	24,875	26,992	17,638	16,920	17,331	16,757	15,070	14,221	97,617	86,425	63,379
Income before income taxes	16,960	14,144	15,366	16,640	19,499	2,987	14,931	12,046	16,686	11,709	15,273	16,236
Income tax expense	3,430	2,837	3,173	3,488	3,939	578	3,267	2,442	3,602	2,358	3,288	3,487	12,928	10,226	12,735
NET INCOME	$ 13,530	$ 11,307	$ 12,193	$ 13,152	$ 15,560	$ 2,409	$ 11,664	$ 9,604	$ 13,084	$ 9,351	$ 11,985	$ 12,749	$ 50,182	$ 39,237	$ 47,169
Basic earnings per share	$ 1.19	$ 1	$ 1.08	$ 1.16	$ 1.37	$ 0.22	$ 1.26	$ 1.04	$ 1.41	$ 1.03	$ 1.35	$ 1.43	$ 4.42	$ 3.86	$ 5.22
Diluted earnings per share	$ 1.19	$ 0.99	$ 1.07	$ 1.16	$ 1.37	$ 0.22	$ 1.26	$ 1.04	$ 1.41	$ 1.03	$ 1.34	$ 1.43	$ 4.42	$ 3.85	$ 5.21