Stockholders' Equity

12 Months Ended

Jun. 30, 2013

Stockholders' Equity Attributable to Parent [Abstract]

Stockholders' Equity

Note 15. Stockholders’ Equity

Reservation of Shares

The Company has reserved common shares for future issuance as follows as of June 30, 2013:

Stock options outstanding	159,250
Stock options available for issuance	252,650
Number of common shares reserved	411,900

The following table sets forth the reconciliation of the numerators and denominators of the basic and diluted per share computations for continuing operations for the years ended June 30:

	2013			2012
Numerator:
Net Income	$	5,562,425		$	4,390,268
Denominator:
Basic EPS:
Common shares outstanding, beginning of period		2,320,822			2,320,960
Unearned ESOP shares		(136,666	)		(157,500	)
Weighted average common shares issued during the period		17,810			4,149
Weighted average common shares purchased during the period		(2,550	)		(2,861	)
Weighted average ESOP shares earned during the period		7,521			7,841
Denominator for basic earnings per common shares –
Weighted average common shares		2,206,937			2,172,589
Diluted EPS:
Common shares outstanding, beginning of period		2,320,822			2,320,960
Unearned ESOP shares		(136,666	)		(157,500	)
Weighted average common shares issued during the period		17,810			4,149
Weighted average common shares purchased during the period		(2,550	)		(2,861	)
Weighted average ESOP shares earned during the period		7,521			7,841
Weighted average dilutive effect of issued or forfeited shares		35,711			30,471
Denominator for diluted earnings per common shares –
Weighted average common shares		2,242,648			2,203,060

There were no anti-dilutive options for the years ended June 30, 2013 and 2012.