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Note 4: Loans and Allowance For Loan Losses: Purchased Credit Impaired Loans Included in Nonaccrual Policy (Policies)
3 Months Ended
Dec. 31, 2014
Policies  
Purchased Credit Impaired Loans Included in Nonaccrual Policy

 

The above amounts include purchased credit impaired loans. At December 31 and June 30, 2014, these loans comprised $2.3 million and $0 of nonaccrual loans, respectively. Purchased credit impaired loans are placed on nonaccrual status in the event the Company cannot reasonably estimate cash flows expected to be collected.