Note 8: Income Taxes: Schedule of Deferred Tax Assets and Liabilities (Tables)

3 Months Ended

Mar. 31, 2014

Tables/Schedules

Schedule of Deferred Tax Assets and Liabilities

The components of net deferred tax assets (liabilities) are summarized as follows:

	March 31, 2014	June 30, 2013
Deferred tax assets:
Provision for losses on loans	$3,721,702	$3,545,918
Accrued compensation and benefits	62,065	211,117
Other-than-temporary impairment on             available for sale securities	147,415	261,405
NOL carry forwards acquired	887,891	150,270
Minimum Tax Credit	129,864	-
Unrealized loss on other real estate	99,130	31,280
Unrealized loss on available for sale securities	167,285	116,157
Other	133,404	-
Total deferred tax assets	5,348,756	4,316,147
Deferred tax liabilities:
FHLB stock dividends	188,612	188,612
Purchase accounting adjustments	1,678,392	1,228,067
Depreciation	586,278	761,389
Prepaid expenses	275,560	151,939
Other	7,262	40,224
Total deferred tax liabilities	2,736,104	2,370,231
Net deferred tax (liability) asset	$2,612,652	$1,945,916