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RELATED PARTY TRANSACTIONS (Tables)
12 Months Ended
Jun. 30, 2012
Loans to Principal Officers, Directors, and their Affiliates

Loans to principal officers, directors, and their affiliates in 2012 were as follows.

 

Beginning balance

   $ 5,764,092   

Effect of changes in the composition of the Board of Directors

     —     

New loans

     9,061,720   

Repayments

     (698,065
  

 

 

 

Ending balance

   $ 14,127,747