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Note 3: Loans and Allowance For Loan Losses: Schedule of Balance in Allowance for Loan Losses Based On Portfolio Segment and Impairment (Tables)
 12 Months Ended
Jun. 30, 2014
Tables/Schedules  
Schedule of Balance in Allowance for Loan Losses Based On Portfolio Segment and Impairment

 

The following tables present the balance in the allowance for loan losses and the recorded investment in loans (excluding loans in process and deferred loan fees) based on portfolio segment and impairment methods as of June 30, 2014 and 2013, and activity in the allowance for loan losses for the fiscal years ended June 30, 2014, 2013, and 2012.

 

Residential

Construction

Commercial

June 30, 2014

Real Estate

Real Estate

Real Estate

Consumer

Commercial

Total

 

 

 

 

 

 

 

Allowance for loan losses:

  Balance, beginning of period

$1,809,975

$272,662

$3,602,542

$471,666

$2,229,135

$8,385,980

  Provision charged to expense

804,560

82,817

635,193

88,579

34,470

1,645,619

  Losses charged off

(168,912)

-

(95,623)

(58,695)

(578,537)

(901,767)

  Recoveries

15,892

-

960

17,526

95,087

129,465

  Balance, end of period

$2,461,515

$355,479

$4,143,072

$519,076

$1,780,155

$9,259,297

  Ending Balance: individually evaluated for impairment

$-

$-

$-

$-

$-

$-

  Ending Balance: collectively evaluated for impairment

$2,461,515

$355,479

$4,143,072

$519,076

$1,780,155

$9,259,297

  Ending Balance: loans acquired with deteriorated credit quality

$-

$-

$-

$-

$-

$-

Loans:

  Ending Balance: individually evaluated for impairment

$-

$-

$-

$-

$-

$-

  Ending Balance: collectively evaluated for impairment

$302,111,542

$21,476,875

$307,253,137

$35,222,764

$140,956,945

$807,021,263

  Ending Balance: loans acquired with deteriorated credit quality

$1,789,895

$-

$1,266,856

$-

$115,481

$3,172,232

 

Residential

Construction

Commercial

June 30, 2013

Real Estate

Real Estate

Real Estate

Consumer

Commercial

Total

Allowance for loan losses:

 

 

 

 

 

 

 

  Balance, beginning of period

$1,635,346

$243,169

$2,985,838

$483,597

$2,144,104

$7,492,054

  Provision charged to expense

472,183

64,481

1,033,791

19,437

126,158

1,716,050

  Losses charged off

(301,836)

(35,351)

(422,071)

(47,106)

(49,431)

(855,795)

  Recoveries

4,282

363

4,984

15,738

8,304

33,671

  Balance, end of period

$1,809,975

$272,662

$3,602,542

$471,666

$2,229,135

$8,385,980

  Ending Balance: individually evaluated for impairment

$-

$-

$85,000

$-

$-

$85,000

  Ending Balance: collectively evaluated for impairment

$1,809,975

$272,662

$3,517,542

$471,666

$1,671,646

$7,743,491

  Ending Balance: loans acquired with deteriorated credit quality

$-

$-

$-

$-

$557,489

$557,489

Loans:

  Ending Balance: individually evaluated for impairment

$-

$-

$144,328

$-

$-

$144,328

  Ending Balance: collectively evaluated for impairment

$232,186,722

$19,932,817

$240,888,891

$28,414,878

$129,735,511

$651,158,819

  Ending Balance: loans acquired with deteriorated credit quality

$1,701,720

$-

$1,270,703

$-

$1,132,973

$4,105,396

 

Residential

Construction

Commercial

June 30, 2012

Real Estate

Real Estate

Real Estate

Consumer

Commercial

Total

Allowance for loan losses:

 

 

 

 

 

 

 

      Balance, beginning of period

$1,618,285

$192,752

$2,671,482

$441,207

$1,514,725

$6,438,451

      Provision charged to expense

108,318

49,276

354,814

223,046

1,049,261

1,784,715

      Losses charged off

(98,189)

-

(40,888)

(195,311)

(435,770)

(770,158)

      Recoveries

6,932

1,141

430

14,655

15,888

39,046

      Balance, end of period

$1,635,346

$243,169

$2,985,838

$483,597

$2,144,104

$7,492,054