PARENT COMPANY FINANCIAL STATEMENTS

12 Months Ended

Jun. 30, 2015

NOTE 13—PARENT COMPANY FINANCIAL STATEMENTS

Condensed financial information of Consumers Bancorp. Inc. (parent company only) follows:

	June 30,		June 30,
	2015		2014
Condensed Balance Sheets
Assets
Cash	$	54	$	85
Securities, available-for-sale		1,986		1,988
Other assets		15		94
Investment in subsidiary		39,421		38,086
Total assets	$	41,476	$	40,253
Liabilities
Other liabilities	$	10	$	50
Shareholders’ equity		41,466		40,203
Total liabilities & shareholders’ equity	$	41,476	$	40,253

	Year Ended		Year Ended
	June 30, 2015		June 30, 2014
Condensed Statements of Income and Comprehensive Income
Cash dividends from Bank subsidiary	$	1,360	$	1,150
Other income		45		39
Other expense		224		205
Income before income taxes and equity in undistributed net income of subsidiary		1,181		984
Income tax benefit		(57)		(53)
Income before equity in undistributed net income of Bank subsidiary		1,238		1,037
Equity in undistributed net income of subsidiary		1,720		1,800
Net income	$	2,958	$	2,837
Comprehensive income	$	2,574	$	4,136

	Year Ended		Year Ended
Condensed Statements of Cash Flows	June 30, 2015		June 30, 2014
Cash flows from operating activities
Net income	$	2,958	$	2,837
Equity in undistributed net income of Bank subsidiary		(1,720)		(1,800)
Change in other assets and liabilities		31		(38)
Net cash flows from operating activities		1,269		999
Cash flows from investing activities
Purchases of available-for-sale securities		(739)		(1,946)
Maturities, calls and principal pay downs of available-for-sale securities		750		—
Investment in subsidiary		—		(7,000)
Disposal of premises and equipment		—		77
Net cash flows from investing activities		11		(8,869)
Cash flows from financing activities
Dividend paid		(1,311)		(1,313)
Net proceeds from rights offering		—		9,237
Net cash flows from financing activities		(1,311)		7,924
Change in cash and cash equivalents		(31)		54
Beginning cash and cash equivalents		85		31
Ending cash and cash equivalents	$	54	$	85