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Note 4: Loans and Allowance For Loan Losses: Schedule of Allowance for Loan Losses and Recorded Investment Based on Portfolio Segment and Impairment Methods (Tables)
 3 Months Ended
Mar. 31, 2013
Tables/Schedules  
Schedule of Allowance for Loan Losses and Recorded Investment Based on Portfolio Segment and Impairment Methods

 

At period end for the nine months ended

March 31, 2013

Residential

Construction

Commercial

 

Real Estate

Real Estate

Real Estate

Consumer

Commercial

Unallocated

Total

Allowance for loan losses:

      Balance, beginning of period

$1,635,346

$243,169

$2,985,838

$483,597

$2,144,104

$-

$7,492,054

      Provision charged to expense

351,869

(47,926)

959,838

63,069

(25,769)

-

1,301,081

      Losses charged off

(239,270)

-

(417,071)

(21,005)

(29,466)

-

(706,812)

      Recoveries

337

-

4,918

8,782

8,497

-

22,534

      Balance, end of period

$1,748,282

$195,243

$3,533,523

$534,443

$2,097,366

$-

$8,108,857

      Ending Balance: individually evaluated for impairment

$-

$-

$100,000

$-

$-

$-

$100,000

      Ending Balance: collectively evaluated for impairment

$1,748,282

$195,243

$3,433,523

$534,443

$1,539,877

$-

$7,451,368

      Ending Balance: loans acquired with deteriorated credit quality

$-

$-

$-

$-

$557,489

$-

$557,489

     

Loans:

      Ending Balance: individually evaluated for impairment

$-

$-

$161,878

$-

$-

$-

$161,878

      Ending Balance: collectively evaluated for impairment

$228,094,698

$17,110,017

$234,985,032

$27,737,657

$112,483,065

$-

$620,410,469

      Ending Balance: loans acquired with deteriorated credit quality

$1,678,650

$-

$1,643,128

$-

$1,265,300

$-

$4,587,078

 

For the three months ended

March 31, 2013

Residential

Construction

Commercial

 

Real Estate

Real Estate

Real Estate

Consumer

Commercial

Unallocated

Total

Allowance for loan losses:

      Balance, beginning of period

$1,722,583

$152,256

$3,388,656

$526,386

$2,130,320

$-

$7,920,201

      Provision charged to expense

61,615

42,987

144,410

18,389

(39,025)

-

228,375

      Losses charged off

(36,028)

-

-

(12,416)

-

-

(48,444)

      Recoveries

112

-

457

2,084

6,071

-

8,724

      Balance, end of period

$1,748,282

$195,243

$3,533,523

$534,443

$2,097,366

$-

$8,108,857

 

 For the nine months ended

March 31, 2012

Residential

Construction

Commercial

 

Real Estate

Real Estate

Real Estate

Consumer

Commercial

Unallocated

Total

Allowance for loan losses:

      Balance, beginning of period

$1,618,285

$192,752

$2,671,482

$441,207

$1,514,725

$-

$6,438,451

      Provision charged to expense

139,665

(12,868)

144,844

213,176

592,636

-

1,077,454

      Losses charged off

(91,369)

-

(24,824)

(137,002)

(33,625)

-

(286,820)

      Recoveries

6,614

801

430

10,814

10,968

-

29,627

      Balance, end of period

$1,673,195

$180,685

$2,791,932

$528,195

$2,084,704

$-

$7,258,712

      Ending Balance: individually evaluated for impairment

$-

$-

$316,591

$-

$482,145

$-

$798,736

      Ending Balance: collectively evaluated for impairment

$1,673,195

$180,685

$2,333,611

$528,195

$1,589,697

$-

$6,305,384

      Ending Balance: loans acquired with deteriorated credit quality

$-

$-

$141,730

$-

$12,862

$-

$154,592

 

 

 For three months ended

March 31, 2012

Residential

Construction

Commercial

 

Real Estate

Real Estate

Real Estate

Consumer

Commercial

Unallocated

Total

Allowance for loan losses:

      Balance, beginning of period

$1,838,114

$183,020

$2,650,831

$534,780

$1,839,846

$-

$7,046,590

      Provision charged to expense

(164,982)

(2,676)

141,102

(1,020)

242,914

-

215,338

      Losses charged off

-

-

-

(9,235)

-

-

(9,235)

      Recoveries

63

341

-

3,671

1,944

-

6,019

      Balance, end of period

$1,673,195

$180,685

$2,791,932

$528,195

$2,084,704

$-

$7,258,712

 

 

June 30, 2012

Residential

Construction

Commercial

 

Real Estate

Real Estate

Real Estate

Consumer

Commercial

Unallocated

Total

Allowance for loan losses:

      Balance, end of period

$1,635,346

$243,169

$2,985,838

$483,597

$2,144,104

$-

$7,492,054

      Ending Balance: individually evaluated for impairment

$-

$-

$347,815

$-

$-

$-

$347,815

      Ending Balance: collectively evaluated for impairment

$1,635,346

$243,169

$2,632,679

$483,597

$1,767,967

$-

$6,762,758

      Ending Balance: loans acquired             with deteriorated credit quality

$-

$-

$5,344

$-

$376,137

$-

$381,481

Loans:

      Ending Balance: individually evaluated for impairment

$-

$-

$976,881

$-

$-

$-

$976,881

      Ending Balance: collectively evaluated for impairment

$199,514,689

$22,811,575

$198,296,430

$28,985,905

$135,649,513

$-

$585,258,112

      Ending Balance: loans acquired with deteriorated credit quality

$1,498,009

$-

$1,684,118

$-

$1,354,709

$-

$4,536,836