Note 7: Securities Sold Under Agreements To Repurchase

12 Months Ended

Jun. 30, 2013

Notes

Note 7: 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, 2013 and 2012, was $30.2 and $28.3 million, respectively. The securities sold under agreements to repurchase are under the Company’s control.

	June 30,
	2013	2012
Year-end balance	$27,788,192	$25,642,407
Average balance during the year	27,359,043	26,955,690
Maximum month-end balance during the year	30,945,264	29,949,413
Average interest during the year	0.74%	0.87%
Year-end interest rate	0.58%	0.77%