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PARENT COMPANY FINANCIAL STATEMENTS (Tables)
12 Months Ended
Jun. 30, 2014
Condensed Financial Information of Parent Company Only Disclosure [Abstract]  
Condensed Financial Statements [Table Text Block]
Condensed financial information of Consumers Bancorp. Inc. (parent company only) follows:
 
 
 
June 30,
2014
 
June 30,
2013
 
Condensed Balance Sheets
 
 
 
 
 
 
 
Assets
 
 
 
 
 
 
 
Cash
 
$
85
 
$
31
 
Securities, available-for-sale
 
 
1,988
 
 
 
Other assets
 
 
94
 
 
126
 
Investment in subsidiary
 
 
38,086
 
 
28,012
 
Total assets
 
$
40,253
 
$
28,169
 
Liabilities
 
 
 
 
 
 
 
Other liabilities
 
$
50
 
$
26
 
Shareholders’ equity
 
 
40,203
 
 
28,143
 
Total liabilities & shareholders’ equity
 
$
40,253
 
$
28,169
 
  
 
 
Year Ended
June 30, 2014
 
Year Ended
June 30, 2013
 
Condensed Statements of Income and Comprehensive Income
 
 
 
 
 
 
 
Cash dividends from Bank subsidiary
 
$
1,150
 
$
880
 
Other income
 
 
39
 
 
94
 
Other expense
 
 
205
 
 
174
 
Income before income taxes and equity in undistributed net income of subsidiary
 
 
984
 
 
800
 
Income tax benefit
 
 
(53)
 
 
(22)
 
Income before equity in undistributed net income of Bank subsidiary
 
 
1,037
 
 
822
 
Equity in undistributed net income of subsidiary
 
 
1,800
 
 
1,847
 
Net income
 
$
2,837
 
$
2,669
 
Comprehensive income
 
$
4,136
 
$
1,649
 
 
Condensed Statements of Cash Flows
 
Year Ended
June 30, 2014
 
Year Ended
June 30, 2013
 
Cash flows from operating activities
 
 
 
 
 
 
 
Net income
 
$
2,837
 
$
2,669
 
Equity in undistributed net income of Bank subsidiary
 
 
(1,800)
 
 
(1,847)
 
Change in other assets and liabilities
 
 
(38)
 
 
(69)
 
Net cash flows from operating activities
 
 
999
 
 
753
 
Cash flows from investing activities
 
 
 
 
 
 
 
Purchases of available-for-sale securities
 
 
(1,946)
 
 
 
Repayment of subordinated note
 
 
 
 
2,000
 
Disposal of premises and equipment
 
 
77
 
 
 
Net cash flows from financing activities
 
 
(1,869)
 
 
2,000
 
Cash flows from financing activities
 
 
 
 
 
 
 
Dividend paid
 
 
(1,313)
 
 
(993)
 
Investment in subsidiary
 
 
(7,000)
 
 
(2,000)
 
Net proceeds from rights offering
 
 
9,237
 
 
 
Proceeds from dividend reinvestment and stock purchase plan
 
 
 
 
188
 
Issuance of treasury stock for restricted stock awards
 
 
 
 
9
 
Net cash flows from financing activities
 
 
924
 
 
(2,796)
 
Change in cash and cash equivalents
 
 
54
 
 
(43)
 
Beginning cash and cash equivalents
 
 
31
 
 
74
 
Ending cash and cash equivalents
 
$
85
 
$
31