Note 7: Securities Sold Under Agreements To Repurchase

12 Months Ended

Jun. 30, 2014

Notes

Note 7: Securities Sold Under Agreements To Repurchase

NOTE 7:  Securities Sold Under Agreements to Repurchase

Securities sold under agreements to repurchase, which are classified as borrowings, generally mature within one to four days. The following table presents balance and interest rate information on the securities sold under agreements to repurchase.

The market value of the securities underlying the agreements at June 30, 2014 and 2013, was $25.6 million and $30.2 million, respectively. The securities sold under agreements to repurchase are under the Company’s control.

	June 30,
	2014	2013
Year-end balance	$25,561,086	$27,788,192
Average balance during the year	24,491,663	27,359,043
Maximum month-end balance during the year	26,897,245	30,945,264
Average interest during the year	0.54%	0.74%
Year-end interest rate	0.50%	0.58%