Note 4: Loans and Allowance For Loan Losses: Schedule of Allowance for Loan Losses and Recorded Investment (Tables)

6 Months Ended

Dec. 31, 2013

Tables/Schedules

Schedule of Allowance for Loan Losses and Recorded Investment

	At period end for the six months ended December 31, 2013
	Residential	Construction	Commercial
	Real Estate	Real Estate	Real Estate	Consumer	Commercial	Total
Allowance for loan losses:
Balance, beginning of period	$1,809,975	$272,662	$3,602,542	$471,666	$2,229,135	$8,385,980
Provision charged to expense	330,429	151,322	253,085	30,653	28,802	794,290
Losses charged off	(23,062)	-	(69,457)	(17,066)	(13,266)	(122,851)
Recoveries	14,090	-	686	10,881	1,828	27,485
Balance, end of period	$2,131,432	$423,984	$3,786,856	$496,134	$2,246,499	$9,084,904
Ending Balance: individually
evaluated for impairment	--	--	--	--	--	--
Ending Balance: collectively
evaluated for impairment	$2,131,432	$423,984	$3,786,856	$496,134	$1,746,499	$8,584,904
Ending Balance: loans acquired
with deteriorated credit quality	--	--	--	--	$500,000	$500,000
Loans:
Ending Balance: individually
evaluated for impairment	--	--	--	--	--	--
Ending Balance: collectively
evaluated for impairment	$281,623,511	$23,115,180	$284,175,920	$32,106,430	$132,788,982	$753,810,023
Ending Balance: loans acquired
with deteriorated credit quality	$1,726,646	--	$1,285,213	--	$859,371	$3,871,230

	For the three months ended December 31, 2013
	Residential	Construction	Commercial
	Real Estate	Real Estate	Real Estate	Consumer	Commercial	Total
Allowance for loan losses:
Balance, beginning of period	$1,957,412	$289,844	$3,737,990	$497,871	$2,311,703	$8,794,820
Provision charged to expense	169,658	134,140	56,680	591	(66,299)	294,770
Losses charged off	(8,976)	--	(8,156)	(9,130)	--	(26,262)
Recoveries	13,338	--	341	6,802	1,095	21,576
Balance, end of period	$2,131,432	$423,984	$3,786,856	$496,134	$2,246,499	$9,084,904

	At period end for the six months ended December 31, 2012
	Residential	Construction	Commercial
	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	290,255	(90,913)	815,427	44,680	13,257	1,072,706
Losses charged off	(203,242)	-	(417,071)	(8,589)	(29,466)	(658,368)
Recoveries	224	-	4,462	6,698	2,425	13,809
Balance, end of period	$1,722,583	$152,256	$3,388,656	$526,386	$2,130,320	$7,920,201
Ending Balance: individually
evaluated for impairment	--	--	$100,000	--	--	$100,000
Ending Balance: collectively
evaluated for impairment	$1,722,583	$152,256	$3,288,656	$526,386	$1,620,333	$7,310,214
Ending Balance: loans acquired
with deteriorated credit quality	--	--	--	--	$509,987	$509,987

	For the three months ended December 31, 2012
	Residential	Construction	Commercial
	Real Estate	Real Estate	Real Estate	Consumer	Commercial	Total
Allowance for loan losses:
Balance, beginning of period	$1,714,363	$191,784	$3,456,760	$522,655	$2,195,276	$8,080,838
Provision charged to expense	197,478	(39,528)	344,852	(683)	(40,102)	462,017
Losses charged off	(189,370)	--	(416,843)	--	(26,223)	(632,436)
Recoveries	112	--	3,887	4,414	1,369	9,782
Balance, end of period	$1,722,583	$152,256	$3,388,656	$526,386	$2,130,320	$7,920,201

	June 30, 2013
	Residential	Construction	Commercial
	Real Estate	Real Estate	Real Estate	Consumer	Commercial	Total
Allowance for loan losses:
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