Note 2: Organization and Summary of Significant Accounting Policies: Intangible Assets, Finite-Lived, Policy (Policies)

9 Months Ended

Mar. 31, 2020

Policies

Intangible Assets, Finite-Lived, Policy

Other Intangible Assets The Company’s other intangible assets at March 31, 2020 included gross core deposit intangibles of $14.7 million with $8.2 million accumulated amortization and mortgage servicing rights of $987,000. At June 30, 2019, the Company’s other intangible assets included gross core deposit intangibles of $14.7 million with $6.9 million accumulated amortization and mortgage servicing rights of $1.5 million. The Company’s core deposit intangible assets are being amortized using the straight line method, over periods ranging from five to seven years, with amortization expense expected to be approximately $441,000 in the remainder of fiscal 2020, $1.3 million in fiscal 2021 through fiscal 2024, and $1.0 million in total thereafter. As of June 30, 2019, there was no impairment indicated, and the Company believes there continues to be no impairment of other intangible assets at March 31, 2020.