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Note 3: Loans and Allowance For Loan Losses: Schedule of Valuation Allowance for Impairment of Recognized Servicing Assets (Tables)
 12 Months Ended
Jun. 30, 2013
Tables/Schedules  
Schedule of Valuation Allowance for Impairment of Recognized Servicing Assets

 

Residential

Construction

Commercial

June 30, 2013

Real Estate

Real Estate

Real Estate

Consumer

Commercial

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

472,183

64,481

1,033,791

19,437

126,158

1,716,050

      Losses charged off

(301,836)

(35,351)

(422,071)

(47,106)

(49,431)

(855,795)

      Recoveries

4,282

363

4,984

15,738

8,304

33,671

      Balance, end of period

$1,809,975

$272,662

$3,602,542

$471,666

$2,229,135

$8,385,980

      Ending Balance: individually evaluated for impairment

$-

$-

$85,000

$-

$-

$85,000

      Ending Balance: collectively evaluated for impairment

$1,809,975

$272,662

$3,517,542

$471,666

$1,671,646

$7,743,491

      Ending Balance: loans acquired with deteriorated credit quality

$-

$-

$-

$-

$557,489

$557,489

     

Loans:

      Ending Balance: individually evaluated for impairment

$-

$-

$144,328

$-

$-

$144,328

      Ending Balance: collectively evaluated for impairment

$232,186,722

$19,932,817

$240,888,891

$28,414,878

$129,735,511

$651,158,819

      Ending Balance: loans acquired with deteriorated credit quality

$1,701,720

$-

$1,270,703

$-

$1,132,973

$4,105,396

 

Residential

Construction

Commercial

June 30, 2012

Real Estate

Real Estate

Real Estate

Consumer

Commercial

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

108,318

49,276

354,814

223,046

1,049,261

1,784,715

      Losses charged off

(98,189)

-

(40,888)

(195,311)

(435,770)

(770,158)

      Recoveries

6,932

1,141

430

14,655

15,888

39,046

      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

 

Residential

Construction

Commercial

June 30, 2011

Real Estate

Real Estate

Real Estate

Consumer

Commercial

Total

 

 

 

 

 

 

 

Allowance for loan losses:

      Balance, beginning of period

$902,122

$198,027

$1,605,218

$473,064

$1,330,180

$4,508,611

      Provision charged to expense

871,114

127,312

1,125,231

15,761

245,381

2,384,799

      Losses charged off

(157,587)

(157,711)

(59,955)

(66,250)

(67,488)

(508,991)

      Recoveries

2,636

25,124

988

18,632

6,652

54,032

      Balance, end of period

$1,618,285

$192,752

$2,671,482

$441,207

$1,514,725

$6,438,451