Note 11: Income Taxes: Schedule of Effective Income Tax Expense (Tables)

12 Months Ended

Jun. 30, 2015

Tables/Schedules

Schedule of Effective Income Tax Expense

A reconciliation of income tax expense at the statutory rate to the Company’s actual income tax expense is shown below:

	For the year ended June 30
(dollars in thousands)	2015	2014	2013
Tax at statutory rate	$6,903	$4,701	$4,767
Increase (reduction) in taxes resulting from:
Nontaxable municipal income	(530)	(524)	(506)
State tax, net of Federal benefit	523	296	336
Cash surrender value of Bank-owned life insurance	(193)	(184)	(173)
Tax credit benefits	(364)	(391)	(342)
Other, net	(283)	(153)	(128)
Actual provision	$6,056	$3,745	$3,954