XML 14 R4.htm IDEA: XBRL DOCUMENT v3.4.0.3
Condensed Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Mar. 31, 2016
Mar. 31, 2015
Interest and Dividend Income        
Interest and fees on loans $ 4,384 $ 3,599 $ 12,473 $ 10,669
Securities:        
Taxable 704 1,068 2,372 3,298
Tax-exempt 37 42 112 113
Federal Home Loan Bank dividends 20 7 40 23
Deposits with other financial institutions 3 4 8 10
Total interest and dividend income 5,148 4,720 15,005 14,113
Interest Expense        
Deposits 585 592 1,706 1,842
Federal Home Loan Bank advances and repurchase agreements 249 198 671 591
Total interest expense 834 790 2,377 2,433
Net Interest Income 4,314 3,930 12,628 11,680
Provision for Loan Losses 254 17 1,142 259
Net Interest Income After Provision for Loan Losses 4,060 3,913 11,486 11,421
Noninterest Income        
Customer service fees 122 111 403 382
Other service charges and fees 69 32 164 85
Insurance commissions 184 193 538 537
Brokerage commissions 165 194 522 565
Net realized gains (losses) on sales of available-for-sale securities 115 1 417 (41)
Mortgage banking income, net 14 22 111 110
Gain on sale of loans 31 25 130 76
Bank-owned life insurance income, net 65 64 199 198
Other 161 160 585 488
Total noninterest income 926 802 3,069 2,400
Noninterest Expense        
Compensation and benefits 2,245 2,185 6,733 6,272
Office occupancy 142 151 436 426
Equipment 250 241 756 762
Federal deposit insurance 80 78 231 230
Stationary, printing and office 42 43 144 132
Advertising 90 96 253 304
Professional services 106 93 390 339
Supervisory examinations 38 38 115 111
Audit and accounting services 17 14 103 84
Organizational dues and subscriptions 2 13 45 46
Insurance bond premiums 29 27 99 92
Telephone and postage 80 65 215 191
Loss (gain) on foreclosed assets, net (1) 7   62
Other 380 308 1,140 931
Total noninterest expense 3,500 3,359 10,660 9,982
Income Before Income Tax 1,486 1,356 3,895 3,839
Provision for Income Tax 542 466 1,397 1,355
Net Income $ 944 $ 890 $ 2,498 $ 2,484
Earnings Per Share:        
Basic and diluted (Note 4) $ 0.25 $ 0.23 $ 0.67 $ 0.63
Dividends declared per common share $ 0.08 $ 0.05 $ 0.13 $ 0.10