Securities Sold Under Agreements To Repurchase

12 Months Ended

Jun. 30, 2012

Notes

Securities Sold Under Agreements To Repurchase

NOTE 7: Securities Sold Under Agreements to Repurchase

Securities sold under agreements to repurchase, which are classified as borrowings, generally mature within one to four days. The following table presents balance and interest rate information on the securities sold under agreements to repurchase.

The market value of the securities underlying the agreements at June 30, 2012 and 2011, was $28.3 and $27.5 million, respectively. The securities sold under agreements to repurchase are under the Company’s control.

	June 30
	2012	2011
Year-end balance	$25,642,407	$25,230,051
Average balance during the year	26,955,690	29,285,198
Maximum month-end balance during the year	29,949,413	34,916,762
Average interest during the year	0.87%	0.99%
Year-end interest rate	0.50%	0.86%