Note 8: Income Taxes: Schedule of Effective Income Tax Rate Reconciliation (Tables)

3 Months Ended

Sep. 30, 2014

Tables/Schedules

Schedule of Effective Income Tax Rate Reconciliation

A reconciliation of income tax expense at the statutory rate to the Company’s actual income tax is shown below:

	For the three-month period ended
(dollars in thousands)	September 30, 2014	September 30, 2013
Tax at statutory rate	$1,591	$1,220
Increase (reduction) in taxes resulting from:
Nontaxable municipal income	(131)	(129)
State tax, net of Federal benefit	120	81
Cash surrender value of Bank-owned life insurance	(49)	(44)
Tax credit benefits	(98)	(82)
Other, net	(53)	(23)
Actual provision	$1,381	$1,023