Note 21: Condensed Parent Company Only Financial Statements: Condensed Income Statement (Tables)

12 Months Ended

Jun. 30, 2014

Tables/Schedules

Condensed Income Statement

	Year ended June 30,
Condensed Statements of Income	2014	2013	2012
Interest income	$254,988	$311,013	$110,741
Interest expense	304,719	227,127	232,154
Net interest income (expense)	(49,731)	83,886	(121,413)
Dividends from Bank	3,000,000	3,000,000	2,700,000
Operating expenses	1,141,037	368,747	410,759
Income before income taxes and
equity in undistributed income of the Bank	1,809,232	2,715,139	2,167,828
Income tax benefit	444,000	107,000	199,000
Income before equity in undistributed
income of the Bank	2,253,232	2,822,139	2,366,828
Equity in undistributed income
Equity in undistributed income of the Bank	7,827,869	7,245,076	7,731,435
NET INCOME	$10,081,101	$10,067,215	$10,098,263
COMPREHENSIVE INCOME	$10,848,045	$9,188,374	$10,262,544