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Consolidated Statements of Income (Unaudited) (USD $)
3 Months Ended 9 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Mar. 31, 2014
Mar. 31, 2013
Interest income:        
Loans $ 4,666,000 $ 4,525,000 $ 13,790,000 $ 13,693,000
Investment securities - taxable 161,000 181,000 494,000 552,000
Mortgage-backed securities 611,000 855,000 1,905,000 2,696,000
Investment securities - tax exempt 507,000 418,000 1,525,000 1,254,000
Interest bearing deposits and federal funds sold 9,000 6,000 17,000 28,000
Total interest income 5,954,000 5,985,000 17,731,000 18,223,000
Interest expense:        
Interest on deposits 548,000 637,000 1,647,000 1,974,000
Interest on borrowings 52,000 44,000 113,000 183,000
Total interest expense 600,000 681,000 1,760,000 2,157,000
Net interest income 5,354,000 5,304,000 15,971,000 16,066,000
Provision for loan losses 288,000 331,000 1,109,000 1,316,000
Net interest income after provision for loan losses 5,066,000 4,973,000 14,862,000 14,750,000
Noninterest income:        
Service charges on deposit accounts 585,000 584,000 1,916,000 1,969,000
Debit card fees 373,000 325,000 1,148,000 996,000
Investment services 110,000 55,000 302,000 224,000
E-commerce fees 21,000 25,000 72,000 75,000
Net gain on sale of available-for-sale securities 0 0 0 10,000
Other operating income 159,000 152,000 476,000 442,000
Total noninterest income 1,248,000 1,141,000 3,914,000 3,716,000
Noninterest expense:        
Salaries and employee benefits 2,509,000 2,181,000 6,766,000 6,254,000
Occupancy expense 371,000 334,000 990,000 927,000
Equipment and furniture expense 81,000 128,000 343,000 411,000
Service and data processing fees 397,000 408,000 1,051,000 1,217,000
Computer software, supplies and support 100,000 86,000 307,000 269,000
Advertising and promotion 66,000 81,000 202,000 254,000
FDIC insurance premiums 88,000 90,000 280,000 248,000
Legal and professional fees 190,000 165,000 645,000 506,000
Other 473,000 473,000 1,254,000 1,279,000
Total noninterest expense 4,275,000 3,946,000 11,838,000 11,365,000
Income before provision for income taxes 2,039,000 2,168,000 6,938,000 7,101,000
Provision for income taxes 543,000 631,000 1,963,000 2,131,000
Net income $ 1,496,000 $ 1,537,000 $ 4,975,000 $ 4,970,000
Basic earnings per share (in dollars per share) $ 0.36 $ 0.37 $ 1.18 $ 1.19
Basic average shares outstanding (in shares) 4,211,531 4,187,671 4,203,350 4,185,707
Diluted earnings per share (in dollars per share) $ 0.35 $ 0.36 $ 1.17 $ 1.18
Diluted average shares outstanding (in shares) 4,243,398 4,227,166 4,239,657 4,224,814
Dividends per share (in dollars per share) $ 0.175 $ 0.175 $ 0.525 $ 0.525