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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Mar. 31, 2016
Mar. 31, 2015
Interest income        
Loans, including fees $ 2,805 $ 2,714 $ 8,389 $ 8,146
Securities, taxable 485 470 1,430 1,429
Securities, tax-exempt 352 331 1,047 1,025
Federal funds sold and other interest bearing deposits 30 19 84 52
Total interest income 3,672 3,534 10,950 10,652
Interest expense        
Deposits 166 181 513 553
Short-term borrowings 9 7 27 22
Federal Home Loan Bank advances 48 45 131 140
Total interest expense 223 233 671 715
Net interest income 3,449 3,301 10,279 9,937
Provision for loan losses 130 90 414 214
Net interest income after provision for loan losses 3,319 3,211 9,865 9,723
Non-interest income        
Service charges on deposit accounts 298 286 932 926
Debit card interchange income 233 223 707 682
Bank owned life insurance income 49 47 144 135
Securities gains (losses), net 87 (4) 122 118
Gain on disposition of other real estate owned 0 0 0 22
Other 69 96 288 349
Total non-interest income 736 648 2,193 2,232
Non-interest expenses        
Salaries and employee benefits 1,752 1,707 5,230 5,123
Occupancy and equipment 454 387 1,148 1,122
Data processing expenses 146 146 433 429
Professional and director fees 87 91 361 309
FDIC assessments 67 55 195 171
Franchise taxes 84 83 249 232
Marketing and advertising 60 70 232 190
Telephone and network communications 85 77 235 214
Debit card processing expenses 113 109 344 346
Other 343 375 1,107 1,097
Total non-interest expenses 3,191 3,100 9,534 9,233
Income before income taxes 864 759 2,524 2,722
Income tax expense 156 127 450 526
Net income $ 708 $ 632 $ 2,074 $ 2,196
Basic and diluted earnings per share (in dollars per share) $ 0.26 $ 0.23 $ 0.76 $ 0.8