Note 9: Income Taxes: Reconciliation of Income Tax Expense at the Statutory Rate to Actual Income Tax (Tables)

6 Months Ended

Dec. 31, 2019

Tables/Schedules

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

	For the three-month periods ended				For the six-month periods ended
(dollars in thousands)	December 31, 2019		December 31, 2018		December 31, 2019		December 31, 2018
Tax at statutory rate	$	2,024	$	1,944	$	$4,083	$	3,722
Increase (reduction) in taxes  resulting from:
Nontaxable municipal income		(113)		(77)		(226)		(149)
State tax, net of Federal benefit		87		101		196		224
Cash surrender value of      Bank-owned life insurance		(53)		(125)		(106)		(176)
Tax credit benefits		(4)		(68)		(6)		(136)
Other, net		(20)		27		(45)		(16)
Actual provision	$	1,921	$	1,802	$	3,896	$	3,469