Note 14 - Earnings Per Share

12 Months Ended

Jun. 30, 2017

Notes to Financial Statements

Earnings Per Share [Text Block]

Note

14

– EARNINGS PER SHARE

Basic earnings per share is the amount of earnings available to each share of common stock outstanding during the reporting period and is equal to net income divided by the weighted average number of shares outstanding during the period.  Diluted earnings per share is the amount of earnings available to each share of common stock outstanding during the reporting period adjusted to include the effect of potentially dilutive common shares that

may

be issued upon the vesting of restricted stock awards.  The following table details the calculation of basic and diluted earnings per share:

	For the year Ended June 30,
	201 7		2016
Basic:
Net income available to common shareholders	$	2,994	$	2,147
Weighted average common shares outstanding		2,724,293		2,725,276
Basic income per share	$	1.10	$	0.79
Diluted:
Net income available to common shareholders	$	2,994	$	2,147
Weighted average common shares outstanding		2,724,293		2,725,276
Dilutive effect of restricted stock		32		103
Total common shares and dilutive potential common shares		2,724,325		2,725,379
Dilutive income per share	$	1.10	$	0.79