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

12 Months Ended

Jun. 30, 2014

Tables/Schedules

Schedule of Business Acquisition -- Citizens State Bank

The following table summarizes the consideration paid for Citizens State Bankshares of Bald Knob, Inc. and its subsidiary, Citizens State Bank and the amounts of assets acquired and liabilities assumed recognized at the acquisition date:

Fair Value of Consideration Transferred
Cash	$5,708,211
Contingent consideration	-
Total consideration	$5,708,211
Recognized amounts of identifiable assets acquired
and liabilities assumed
Cash and Cash equivalents	$4,167,979
Investment Securities	50,539,865
Loans	11,984,135
Premises and equipment	612,540
Identifiable intangible assets	624,440
Miscellaneous other assets	4,075,288
Deposits	(64,154,307)
Advances from FHLB	(1,499,904)
Securities sold under agreements to repurchase
Subordinated debt	-
Miscellaneous other liabilities	(641,825)
Liability arising from a contingency	-
Total identifiable net assets	5,708,211
Goodwill	$-