Earnings Per Share

3 Months Ended

Sep. 30, 2014

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

Note 5 – Earnings Per Share

Basic earnings per share is the amount of earnings available to each share of common stock outstanding during the reporting period and is equal to net income divided by the weighted average number of shares outstanding during the period.  Diluted earnings per share is the amount of earnings available to each share of common stock outstanding during the reporting period adjusted to include the effect of potentially dilutive common shares that may be issued upon the vesting of restricted stock awards.  The following table details the calculation of basic and diluted earnings per share:

	For the Three Months
	Ended September 30,
	2014		2013
Basic:
Net income available to common shareholders	$	756	$	621
Weighted average common shares outstanding		2,721,695		2,613,698
Basic income per share	$	0.28	$	0.24
Diluted:
Net income available to common shareholders	$	756	$	621
Weighted average common shares outstanding		2,721,695		2,613,698
Dilutive effect of restricted stock		418		275
Total common shares and dilutive potential common shares		2,722,113		2,613,973
Dilutive income per share	$	0.28	$	0.24