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Income Taxes (Tables)
9 Months Ended
Mar. 31, 2018
Income Tax Disclosure [Abstract]  
Reconciliation of Income Tax Expense at the Statutory Rate

A reconciliation of income tax expense at the statutory rate to the Company’s actual income tax expense is shown below:

 

     Three Months Ended
March 31,
     Nine Months Ended
March 31,
 
     2018      2017      2018      2017  

Computed at the statutory rate*

   $ 352      $ 450      $ 1,032      $ 1,788  

Decrease resulting from

           

Tax exempt interest

     (9      (12      (28      (36

Cash surrender value of life insurance

     (18      (23      (86      (68

State income taxes

     82        49        230        214  

Adjustment of deferred tax asset and tax rate change for enacted changes in tax laws

     (137      —          1,318        —    

Other

     10        15        31        44  
  

 

 

    

 

 

    

 

 

    

 

 

 

Actual expense

   $ 280      $ 479      $ 2,497      $ 1,942  
  

 

 

    

 

 

    

 

 

    

 

 

 

 

* Statutory tax rate of 27.6% (blended rate) for year ended June 30, 2018 and 34.0% for year ended June 30, 2017