Note 17: Acquisitions: Schedule of Business Acquisition -- Bank of Thayer (Tables)

12 Months Ended

Jun. 30, 2014

Tables/Schedules

Schedule of Business Acquisition -- Bank of Thayer

The following table summarizes the consideration paid for OLCF and its subsidiary, the Bank of Thayer and the amounts of assets acquired and liabilities assumed recognized at the acquisition date:

Fair Value of Consideration Transferred
Cash	$6,279,694
Contingent consideration	-
Total consideration	$6,279,694
Recognized amounts of identifiable assets acquired
and liabilities assumed
Cash and Cash equivalents	$2,234,980
Investment Securities	34,271,743
Loans	39,368,508
Premises and equipment	1,155,297
Identifiable intangible assets	1,432,645
Miscellaneous other assets	1,285,870
Deposits	(68,234,600)
Securities sold under agreements to repurchase	(1,099,675)
Advances from FHLB	(1,095,928)
Subordinated debt	(2,490,890)
Miscellaneous other liabilities	(2,022,076)
Liability arising from a contingency
Total identifiable net assets	4,805,874
Goodwill	$1,473,820