OFFICE PROPERTIES AND EQUIPMENT

12 Months Ended

Jun. 30, 2012

NOTE 5—OFFICE PROPERTIES AND EQUIPMENT

Office properties and equipment at cost, less accumulated depreciation and amortization at June 30, 2012 and 2011, are summarized as follows:


	2012			2011
Land and land improvements	$	1,034,892		$	1,034,892
Building and building improvements		5,553,075			5,553,075
Leasehold improvements		6,608,542			6,285,354
Furniture and equipment		13,338,523			13,269,223

		26,535,032			26,142,544
Less accumulated depreciation and amortization		(19,297,867	)		(18,585,780	)

	$	7,237,165		$	7,556,764

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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