XML 42 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2013
Dec. 31, 2012
Interest income        
Loans, including fees $ 2,645 $ 2,705 $ 5,312 $ 5,310
Securities, taxable 413 334 694 717
Securities, tax-exempt 344 315 672 619
Federal funds sold and other interest bearing deposits 9 16 21 31
Total interest income 3,411 3,370 6,699 6,677
Interest expense        
Deposits 199 262 398 532
Short-term borrowings 6 5 12 11
Federal Home Loan Bank advances 41 50 91 100
Total interest expense 246 317 501 643
Net interest income 3,165 3,053 6,198 6,034
Provision for loan losses 35 56 168 81
Net interest income after provision for loan losses 3,130 2,997 6,030 5,953
Non-interest income        
Service charges on deposit accounts 336 336 699 678
Debit card interchange income 225 206 439 399
Bank owned life insurance income 45 49 91 96
Securities gains, net 32 2 32 23
Other 99 85 171 146
Total non-interest income 737 678 1,432 1,342
Non-interest expenses        
Salaries and employee benefits 1,569 1,478 3,129 3,043
Occupancy and equipment 328 330 644 644
Data processing expenses 139 137 277 222
Professional and director fees 130 83 241 175
FDIC assessments 55 50 106 99
Franchise taxes 76 69 151 139
Marketing and advertising 67 45 132 162
Telephone and network communications 69 80 142 145
Debit card processing expenses 103 98 214 201
Other 388 358 737 765
Total non-interest expenses 2,924 2,728 5,773 5,595
Income before income taxes 943 947 1,689 1,700
Income tax expense 188 200 313 338
Net Income $ 755 $ 747 $ 1,376 $ 1,362
Basic and diluted earnings per share (in dollars per share) $ 0.28 $ 0.36 $ 0.51 $ 0.66