In millions, except per share items | Mar-31-23 | Sep-30-22 | Jun-30-22 | Mar-31-22 | Dec-31-21 | Sep-30-21 | Jun-30-21 | Mar-31-21 |
| 10-Q | 10-Q | 10-K | 10-Q | 10-Q | 10-Q | 10-K | 10-Q |
Interest income: | | | | | | | | |
Loans | 15.7 | 13.4 | 11.8 | 11.2 | 12.0 | 12.1 | 11.8 | 11.6 |
Investment securities - taxable | 0.7 | 0.7 | 0.6 | 0.4 | 0.3 | 0.3 | 0.3 | 0.2 |
Mortgage-backed securities | 1.4 | 1.5 | 1.4 | 1.3 | 1.2 | 1.1 | 1.2 | 1.0 |
Investment securities - tax exempt | 3.8 | 3.1 | 2.8 | 2.4 | 2.3 | 2.1 | 2.0 | 2.0 |
Interest-bearing deposits and federal funds sold | 0.3 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Total interest income | 21.9 | 18.6 | 16.7 | 15.3 | 15.8 | 15.6 | 15.3 | 14.8 |
|
Interest expense: | | | | | | | | |
Interest on deposits | 5.6 | 2.0 | 1.0 | 0.7 | 0.8 | 0.8 | 0.8 | 1.0 |
Interest on borrowings | 1.1 | 0.8 | 0.6 | 0.5 | 0.5 | 0.4 | 0.3 | 0.3 |
Total interest expense | 6.7 | 2.8 | 1.6 | 1.2 | 1.4 | 1.2 | 1.1 | 1.2 |
Net interest income | 15.2 | 15.8 | 15.1 | 14.1 | 14.5 | 14.4 | 14.2 | 13.6 |
|
Provision for loan losses | | | | | | | | |
Net interest income after provision for loan losses | 16.2 | 16.3 | 14.2 | 13.9 | 13.2 | 13.4 | 14.1 | 12.1 |
|
Noninterest income: | | | | | | | | |
Service charges on deposit accounts | 1.1 | 1.2 | 1.2 | 1.1 | 1.2 | 1.1 | 0.9 | 0.8 |
Debit card fees | 1.1 | 1.1 | 1.2 | 1.0 | 1.1 | 1.1 | 1.1 | 1.0 |
Investment services | 0.2 | 0.2 | 0.2 | 0.2 | 0.3 | 0.2 | 0.2 | 0.2 |
E-commerce fees | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Bank-owned life insurance | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.2 |
Other operating income | 0.3 | 0.2 | 0.1 | 0.3 | 0.4 | 0.2 | 0.4 | 0.2 |
Total noninterest income | 3.1 | 3.1 | 3.1 | 2.9 | 3.2 | 2.9 | 2.8 | 2.4 |
|
Noninterest expense: | | | | | | | | |
Salaries and employee benefits | 6.2 | 5.4 | 5.6 | 5.3 | 5.0 | 4.7 | 5.2 | 4.8 |
Occupancy expense | 0.6 | 0.5 | 0.7 | 0.5 | 0.6 | 0.5 | 0.6 | 0.6 |
Equipment and furniture expense | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 |
Service and data processing fees | 0.7 | 0.7 | 0.7 | 0.6 | 0.7 | 0.6 | 0.7 | 0.7 |
Computer software, supplies and support | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 |
Advertising and promotion | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.2 | 0.1 |
FDIC insurance premiums | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 |
Legal and professional fees | 0.5 | 0.5 | 0.3 | 0.3 | 0.4 | 0.4 | 0.2 | 0.4 |
Other | 1.0 | 0.8 | 1.2 | 0.6 | 0.7 | 0.8 | 0.6 | 1.1 |
Total noninterest expense | 9.9 | 8.8 | 9.3 | 8.3 | 8.3 | 8.0 | 8.2 | 8.4 |
Income before provision for income taxes | 9.4 | 10.6 | 7.9 | 8.5 | 8.1 | 8.4 | 8.8 | 6.1 |
Provision for income taxes | 1.3 | 1.6 | 1.1 | 1.3 | 1.2 | 1.3 | 1.2 | 0.9 |
Net income | 8.1 | 9.0 | 6.8 | 7.2 | 6.9 | 7.1 | 7.6 | 5.3 |
|
Basic earnings per share (in dollars per share) | $0.48 | $1.06 | $0.80 | $0.42 | $0.81 | $0.84 | $0.89 | $0.62 |
Diluted earnings per share (in dollars per share) | $0.48 | $1.06 | $0.80 | $0.42 | $0.81 | $0.84 | $0.89 | $0.62 |
|
Basic average shares outstanding (in shares) | 17.0 | 8.5 | 8.5 | 17.0 | 8.5 | 8.5 | 8.5 | 8.5 |
Diluted average shares outstanding (in shares) | 17.0 | 8.5 | 8.5 | 17.0 | 8.5 | 8.5 | 8.5 | 8.5 |
|
Dividends per share (in dollars per share) | $0.07 | $0.14 | $0.13 | $0.07 | $0.13 | $0.13 | $0.12 | $0.12 |