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Note 8: Income Taxes: Schedule of Reconciliation of Income Tax Expense at the Statutory Rate to Actual Income Tax (Tables)
3 Months Ended
Sep. 30, 2017
Tables/Schedules  
Schedule of Reconciliation of Income Tax Expense at the Statutory Rate to Actual Income Tax

 

For the three-month period ended

(dollars in thousands)

September 30, 2017

September 30, 2016

Tax at statutory rate

 $                             2,363

 $                             1,773

Increase (reduction) in taxes       resulting from:

            Nontaxable municipal income

                                 (139)

                                 (132)

            State tax, net of Federal benefit

                                     96

                                     47

            Cash surrender value of                   Bank-owned life insurance

                                   (82)

                                   (74)

            Tax credit benefits

                                 (224)

                                   (93)

            Other, net

                                 (125)

                                 (163)

Actual provision

 $                             1,889

 $                             1,358