Note 17 - Segment Reporting

12 Months Ended

Jun. 30, 2017

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

Note

17

– Segment Reporting

:

The Company’s banking subsidiary, CalFirst Bank, and leasing subsidiary, CalFirst Leasing, are considered to be

two

different business segments. The accounting policies of each segment are the same as those described in “Summary of Significant Accounting Policies” (see Note

1

). Below is a summary of each segment’s financial results for fiscal years

2017,

2016

and

2015:

					Bancorp and
	CalFirst		CalFirst		Eliminating
	Bank		Leasing		Entries			Consolidated
	(in thousands)
Year end June 30, 2017:
Total interest income	$	28,337	$	893	$	18		$	29,248
Net interest income after provision for credit losses		20,509		1,242		18			21,769
Non-interest income		4,126		3,313		-			7,439
Net earnings		10,045		2,588		(1,510	)		11,123
Total assets	$	673,449	$	67,868	$	(25,732	)	$	715,585
Year end June 30, 2016:
Total interest income	$	26,334	$	1,358	$	9		$	27,701
Net interest income after provision for credit losses		18,331		1,676		9			20,016
Non-interest income		2,300		2,586		-			4,886
Net earnings		7,232		2,376		(960	)		8,648
Total assets	$	852,056	$	78,183	$	(42,063	)	$	888,176
Year end June 30, 2015:
Total interest income	$	21,092	$	1,912	$	1		$	23,005
Net interest income after provision for credit losses		15,730		2,154		1			17,885
Non-interest income		3,947		4,762		-			8,709
Net earnings		6,367		3,577		(889	)		9,055
Total assets	$	671,785	$	90,337	$	(31,048	)	$	731,074