NOTE 12: Income Taxes: Schedule of Deferred Tax Assets and Liabilities (Tables)

12 Months Ended

Jun. 30, 2018

Tables/Schedules

Schedule of Deferred Tax Assets and Liabilities

The components of net deferred tax assets are summarized as follows:

(dollars in thousands)	June 30, 2018	June 30, 2017
Deferred tax assets:
Provision for losses on loans	$                                      4,418	$                          5,563
Accrued compensation and benefits	708	1,068
Other-than-temporary impairment on             available for sale securities	-	128
NOL carry forwards acquired	273	513
Minimum Tax Credit	130	130
Unrealized loss on other real estate	124	131
Unrealized loss on available for sale securities	730	-
Losses and credits from LLC’s	1,003	-
Total deferred tax assets	7,386	7,533
Deferred tax liabilities:
Purchase accounting adjustments	949	1,193
Depreciation	1,475	2,734
FHLB stock dividends	130	203
Prepaid expenses	98	213
Unrealized gain on available for sale securities	-	295
Other	327	991
Total deferred tax liabilities	2,979	5,629
Net deferred tax asset	$                                      4,407	$                          1,904