Note 13 - Parent Company Financial Statements

12 Months Ended

Jun. 30, 2016

Notes to Financial Statements

Condensed Financial Information of Parent Company Only Disclosure [Text Block]

NOTE 13—PARENT COMPANY FINANCIAL STATEMENTS

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

	June 30, 2016		June 30, 2015
Condensed Balance Sheets
Assets
Cash	$	46	$	54
Securities, available-for-sale		2,050		1,986
Other assets		50		15
Investment in subsidiary		41,708		39,421
Total assets	$	43,854	$	41,476
Liabilities
Other liabilities	$	61	$	10
Shareholders’ equity		43,793		41,466
Total liabilities & shareholders’ equity	$	43,854	$	41,476

	Year Ended June 30, 2016			Year Ended June 30, 2015
Condensed Statements of Income and Comprehensive Income
Cash dividends from Bank subsidiary	$	1,425		$	1,360
Other income		46			45
Other expense		206			224
Income before income taxes and equity in undistributed net income of subsidiary		1,265			1,181
Income tax benefit		(50	)		(57	)
Income before equity in undistributed net income of Bank subsidiary		1,315			1,238
Equity in undistributed net income of subsidiary		832			1,720
Net income	$	2,147		$	2,958
Comprehensive income	$	3,637		$	2,574

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

Condensed Statements of Cash Flows	Year Ended June 30, 2016			Year Ended June 30, 2015
Cash flows from operating activities
Net income	$	2,147		$	2,958
Equity in undistributed net income of Bank subsidiary		(832	)		(1,720	)
Securities amortization and accretion, net		(11	)		—
Change in other assets and liabilities		(2	)		31
Net cash flows from operating activities		1,302			1,269
Cash flows from investing activities
Purchases of available-for-sale securities		—			(739	)
Maturities, calls and principal pay downs of available-for-sale securities		—			750
Net cash flows from investing activities		—			11
Cash flows from financing activities
Dividend paid		(1,310	)		(1,311	)
Net cash flows from financing activities		(1,310	)		(1,311	)
Change in cash and cash equivalents		(8	)		(31	)
Beginning cash and cash equivalents		54			85
Ending cash and cash equivalents	$	46		$	54