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CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Mar. 31, 2014
Mar. 31, 2013
Interest income        
Loans, including fees $ 2,610 $ 2,587 $ 7,922 $ 7,897
Securities, taxable 459 293 1,153 1,010
Securities, tax-exempt 340 318 1,012 937
Federal funds sold and other interest bearing deposits 13 15 34 46
Total interest income 3,422 3,213 10,121 9,890
Interest expense        
Deposits 190 236 588 768
Short-term borrowings 6 5 18 16
Federal Home Loan Bank advances 48 49 139 149
Total interest expense 244 290 745 933
Net interest income 3,178 2,923 9,376 8,957
Provision for loan losses 0 90 168 171
Net interest income after provision for loan losses 3,178 2,833 9,208 8,786
Non-interest income        
Service charges on deposit accounts 302 301 1,001 979
Debit card interchange income 207 190 646 589
Bank owned life insurance income 44 43 135 139
Securities gains, net 4 101 36 124
Loss on disposition of other real estate owned (10) 0 (10) 0
Other 92 98 263 244
Total non-interest income 639 733 2,071 2,075
Non-interest expenses        
Salaries and employee benefits 1,661 1,548 4,790 4,591
Occupancy and equipment 334 321 978 965
Data processing expenses 142 138 419 360
Professional and director fees 92 83 333 258
FDIC assessments 63 51 169 150
Franchise taxes 78 68 229 207
Marketing and advertising 53 66 185 228
Telephone and network communications 69 75 211 220
Debit card processing expenses 104 90 318 291
Other 398 359 1,135 1,124
Total non-interest expenses 2,994 2,799 8,767 8,394
Income before income taxes 823 767 2,512 2,467
Income tax expense 145 139 458 477
Net Income $ 678 $ 628 $ 2,054 $ 1,990
Basic and diluted earnings per share (in dollars per share) $ 0.25 $ 0.30 $ 0.76 $ 0.96