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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2015
Dec. 31, 2014
Interest income        
Loans, including fees $ 2,789 $ 2,728 $ 5,584 $ 5,432
Securities, taxable 488 496 945 959
Securities, tax-exempt 351 342 695 694
Federal funds sold and other interest bearing deposits 30 19 54 33
Total interest income 3,658 3,585 7,278 7,118
Interest expense        
Deposits 171 182 347 372
Short-term borrowings 10 8 18 15
Federal Home Loan Bank advances 40 47 83 95
Total interest expense 221 237 448 482
Net interest income 3,437 3,348 6,830 6,636
Provision for loan losses 192 57 284 124
Net interest income after provision for loan losses 3,245 3,291 6,546 6,512
Non-interest income        
Service charges on deposit accounts 320 320 634 640
Debit card interchange income 240 230 474 459
Bank owned life insurance income 49 44 95 88
Securities gains, net 0 85 35 122
Gain on disposition of other real estate owned 0 0 0 22
Other 113 114 219 253
Total non-interest income 722 793 1,457 1,584
Non-interest expenses        
Salaries and employee benefits 1,746 1,699 3,478 3,416
Occupancy and equipment 352 367 694 735
Data processing expenses 143 141 287 283
Professional and director fees 177 121 274 218
FDIC assessments 70 56 128 116
Franchise taxes 83 72 165 149
Marketing and advertising 79 54 172 120
Telephone and network communications 75 65 150 137
Debit card processing expenses 115 123 231 237
Other 366 363 764 722
Total non-interest expenses 3,206 3,061 6,343 6,133
Income before income taxes 761 1,023 1,660 1,963
Income tax expense 122 215 294 399
Net income $ 639 $ 808 $ 1,366 $ 1,564
Basic and diluted earnings per share (in dollars per share) $ 0.23 $ 0.30 $ 0.50 $ 0.57