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Earnings Per Share
 6 Months Ended
Dec. 31, 2013
Earnings Per Share [Abstract]  
Earnings Per Share [Text Block]
Note 5 – Earnings Per Share
 
Basic earnings per share is the amount of earnings available to each share of common stock outstanding during the reporting period and is equal to net income divided by the weighted average number of shares outstanding during the period.  Diluted earnings per share is the amount of earnings available to each share of common stock outstanding during the reporting period adjusted to include the effect of potentially dilutive common shares that may be issued upon the vesting of restricted stock awards.   The following table details the calculation of basic and diluted earnings per share:
 
 
 
For the Three Months
 
For the Six Months Ended 
 
 
 
Ended December 31,
 
December 31,
 
 
 
2013
 
2012
 
2013
 
2012
 
Basic:
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income available to common shareholders
 
$
755
 
$
747
 
$
1,376
 
$
1,362
 
Weighted average common shares outstanding
 
 
2,726,687
 
 
2,062,658
 
 
2,674,816
 
 
2,060,034
 
Basic income per share
 
$
0.28
 
$
0.36
 
$
0.51
 
$
0.66
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Diluted:
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income available to common shareholders
 
$
755
 
$
747
 
$
1,376
 
$
1,362
 
Weighted average common shares outstanding
 
 
2,726,687
 
 
2,062,658
 
 
2,674,816
 
 
2,060,034
 
Dilutive effect of restricted stock
 
 
364
 
 
530
 
 
296
 
 
496
 
Total common shares and dilutive potential common shares
 
 
2,727,051
 
 
2,063,188
 
 
2,675,112
 
 
2,060,530
 
Dilutive income per share
 
$
0.28
 
$
0.36
 
$
0.51
 
$
0.66