Note 8: Income Taxes: Schedule of Reconciliation of Income Tax Expense at the Statutory Rate to Actual Income Tax (Tables)

9 Months Ended

Mar. 31, 2018

Tables/Schedules

Schedule of Reconciliation of Income Tax Expense at the Statutory Rate to Actual Income Tax

	For the three-month period ended		For the nine-month periods ended
(dollars in thousands)	March 31, 2018	March 31, 2017	March 31, 2018	March 31, 2017
Tax at statutory rate	$1,986	$1,896	$6,052	$5,738
Increase (reduction) in taxes   resulting from:
Nontaxable municipal income	(115)	(124)	(341)	(385)
State tax, net of Federal benefit	287	52	530	160
Cash surrender value of       Bank-owned life insurance	(66)	(176)	(197)	(323)
Tax credit benefits	(224)	(81)	(672)	(267)
Tax benefits realized on acquisition	-	-	-	-
Adjustment of deferred tax asset       for enacted changes in tax laws	-	-	1,124	-
Other, net	(58)	(104)	(251)	(367)
Actual provision	$1,810	$1,463	$6,245	$4,556