Income Taxes: Schedule of Deferred Tax Assets and Liabilities (Tables)

3 Months Ended

Dec. 31, 2012

Tables/Schedules

Schedule of Deferred Tax Assets and Liabilities

	December 31, 2012	June 30, 2012
Deferred tax assets:
Provision for losses on loans	$3,393,565	$3,247,995
Accrued compensation and benefits	176,279	171,113
Other-than-temporary impairment on available for sale securities	261,405	261,405
NOL carry forwards acquired	159,613	159,613
Unrealized loss on other real estate	18,700	47,600
Other	87,202	-
Total deferred tax assets	4,096,764	3,887,726
Deferred tax liabilities:
FHLB stock dividends	188,612	188,612
Purchase accounting adjustments	893,549	893,549
Depreciation	506,028	552,633
Prepaid expenses	184,593	123,704
Unrealized gain on available for sale securities	533,220	400,554
Other	-	69,083
Total deferred tax liabilities	2,306,002	2,228,135
Net deferred tax  asset	$1,790,762	$1,659,591