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

9 Months Ended

Mar. 31, 2015

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:

(dollars in thousands)	For the three-month period ended		For the nine-month period ended
	March 31, 2015	March 31, 2014	March 31, 2015	March 31, 2014
Tax at statutory rate	$1,654	$1,028	$4,910	$3,430
Increase (reduction) in taxes resulting from:
Nontaxable municipal income	(133)	(133)	(398)	(395)
State tax, net of Federal benefit	133	59	380	212
Cash surrender value of Bank-owned life insurance	(47)	(43)	(145)	(131)
Tax credit benefits	(91)	(82)	(272)	(244)
Other, net	(18)	(49)	(136)	(110)
Actual provision	$1,497	$781	$4,338	$2,762