Note 11: Income Taxes: Schedule of Deferred Tax Assets and Liabilities (Tables)

12 Months Ended

Jun. 30, 2014

Tables/Schedules

Schedule of Deferred Tax Assets and Liabilities

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

	June 30, 2014	June 30, 2013
Deferred tax assets:
Provision for losses on loans	$3,695,786	$3,545,918
Accrued compensation and benefits	450,135	211,117
Other-than-temporary impairment on available for sale securities	140,625	261,405
NOL carry forwards acquired	853,089	150,270
Minimum tax credit	129,864	-
Unrealized loss on other real estate	38,156	31,280
Unrealized loss on available for sale securities	-	116,157
Total deferred tax assets	5,307,655	4,316,147
Deferred tax liabilities:
FHLB stock dividends	156,635	188,612
Purchase accounting adjustments	1,532,622	1,228,067
Depreciation	766,677	761,389
Prepaid expenses	250,149	151,939
Unrealized gain on available for sale             securities	336,168	-
Other	164,096	40,224
Total deferred tax liabilities	3,206,347	2,370,231
Net deferred tax (liability) asset	$2,101,308	$1,945,916