XML 52 R4.htm IDEA: XBRL DOCUMENT v2.4.1.9
Consolidated Statements of Income (Unaudited) (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Mar. 31, 2015
Mar. 31, 2014
Interest income:        
Loans $ 4,996us-gaap_InterestAndFeeIncomeLoansAndLeases $ 4,666us-gaap_InterestAndFeeIncomeLoansAndLeases $ 14,779us-gaap_InterestAndFeeIncomeLoansAndLeases $ 13,790us-gaap_InterestAndFeeIncomeLoansAndLeases
Investment securities - taxable 135us-gaap_InterestIncomeSecuritiesTaxable 161us-gaap_InterestIncomeSecuritiesTaxable 412us-gaap_InterestIncomeSecuritiesTaxable 494us-gaap_InterestIncomeSecuritiesTaxable
Mortgage-backed securities 731us-gaap_InterestIncomeSecuritiesMortgageBacked 611us-gaap_InterestIncomeSecuritiesMortgageBacked 2,177us-gaap_InterestIncomeSecuritiesMortgageBacked 1,905us-gaap_InterestIncomeSecuritiesMortgageBacked
Investment securities - tax exempt 602us-gaap_InterestIncomeSecuritiesTaxExempt 507us-gaap_InterestIncomeSecuritiesTaxExempt 1,734us-gaap_InterestIncomeSecuritiesTaxExempt 1,525us-gaap_InterestIncomeSecuritiesTaxExempt
Interest bearing deposits and federal funds sold 3gcbc_InterestBearingDepositsAndFederalFundsSold 9gcbc_InterestBearingDepositsAndFederalFundsSold 13gcbc_InterestBearingDepositsAndFederalFundsSold 17gcbc_InterestBearingDepositsAndFederalFundsSold
Total interest income 6,467us-gaap_InterestAndDividendIncomeOperating 5,954us-gaap_InterestAndDividendIncomeOperating 19,115us-gaap_InterestAndDividendIncomeOperating 17,731us-gaap_InterestAndDividendIncomeOperating
Interest expense:        
Interest on deposits 503us-gaap_InterestExpenseDeposits 548us-gaap_InterestExpenseDeposits 1,504us-gaap_InterestExpenseDeposits 1,647us-gaap_InterestExpenseDeposits
Interest on borrowings 76us-gaap_InterestExpenseBorrowings 52us-gaap_InterestExpenseBorrowings 200us-gaap_InterestExpenseBorrowings 113us-gaap_InterestExpenseBorrowings
Total interest expense 579us-gaap_InterestExpense 600us-gaap_InterestExpense 1,704us-gaap_InterestExpense 1,760us-gaap_InterestExpense
Net interest income 5,888us-gaap_InterestIncomeExpenseNet 5,354us-gaap_InterestIncomeExpenseNet 17,411us-gaap_InterestIncomeExpenseNet 15,971us-gaap_InterestIncomeExpenseNet
Provision for loan losses 416us-gaap_ProvisionForLoanAndLeaseLosses 288us-gaap_ProvisionForLoanAndLeaseLosses 1,132us-gaap_ProvisionForLoanAndLeaseLosses 1,109us-gaap_ProvisionForLoanAndLeaseLosses
Net interest income after provision for loan losses 5,472us-gaap_InterestIncomeExpenseAfterProvisionForLoanLoss 5,066us-gaap_InterestIncomeExpenseAfterProvisionForLoanLoss 16,279us-gaap_InterestIncomeExpenseAfterProvisionForLoanLoss 14,862us-gaap_InterestIncomeExpenseAfterProvisionForLoanLoss
Noninterest income:        
Service charges on deposit accounts 623us-gaap_FeesAndCommissionsDepositorAccounts 585us-gaap_FeesAndCommissionsDepositorAccounts 2,069us-gaap_FeesAndCommissionsDepositorAccounts 1,916us-gaap_FeesAndCommissionsDepositorAccounts
Debit card fees 404us-gaap_FeesAndCommissionsDebitCards 373us-gaap_FeesAndCommissionsDebitCards 1,248us-gaap_FeesAndCommissionsDebitCards 1,148us-gaap_FeesAndCommissionsDebitCards
Investment services 95us-gaap_InvestmentBankingAdvisoryBrokerageAndUnderwritingFeesAndCommissions 110us-gaap_InvestmentBankingAdvisoryBrokerageAndUnderwritingFeesAndCommissions 284us-gaap_InvestmentBankingAdvisoryBrokerageAndUnderwritingFeesAndCommissions 302us-gaap_InvestmentBankingAdvisoryBrokerageAndUnderwritingFeesAndCommissions
E-commerce fees 23us-gaap_MerchantDiscountFees 21us-gaap_MerchantDiscountFees 76us-gaap_MerchantDiscountFees 72us-gaap_MerchantDiscountFees
Other operating income 106us-gaap_OtherOperatingIncome 159us-gaap_OtherOperatingIncome 483us-gaap_OtherOperatingIncome 476us-gaap_OtherOperatingIncome
Total noninterest income 1,251us-gaap_NoninterestIncome 1,248us-gaap_NoninterestIncome 4,160us-gaap_NoninterestIncome 3,914us-gaap_NoninterestIncome
Noninterest expense:        
Salaries and employee benefits 2,439us-gaap_LaborAndRelatedExpense 2,509us-gaap_LaborAndRelatedExpense 7,196us-gaap_LaborAndRelatedExpense 6,766us-gaap_LaborAndRelatedExpense
Occupancy expense 458us-gaap_OccupancyNet 371us-gaap_OccupancyNet 1,126us-gaap_OccupancyNet 990us-gaap_OccupancyNet
Equipment and furniture expense 150us-gaap_EquipmentExpense 81us-gaap_EquipmentExpense 403us-gaap_EquipmentExpense 343us-gaap_EquipmentExpense
Service and data processing fees 430us-gaap_InformationTechnologyAndDataProcessing 397us-gaap_InformationTechnologyAndDataProcessing 1,272us-gaap_InformationTechnologyAndDataProcessing 1,051us-gaap_InformationTechnologyAndDataProcessing
Computer software, supplies and support 90gcbc_ComputerSoftwareSuppliesAndSupport 100gcbc_ComputerSoftwareSuppliesAndSupport 429gcbc_ComputerSoftwareSuppliesAndSupport 307gcbc_ComputerSoftwareSuppliesAndSupport
Advertising and promotion 88us-gaap_AdvertisingExpense 66us-gaap_AdvertisingExpense 220us-gaap_AdvertisingExpense 202us-gaap_AdvertisingExpense
FDIC insurance premiums 101us-gaap_FederalDepositInsuranceCorporationPremiumExpense 88us-gaap_FederalDepositInsuranceCorporationPremiumExpense 293us-gaap_FederalDepositInsuranceCorporationPremiumExpense 280us-gaap_FederalDepositInsuranceCorporationPremiumExpense
Legal and professional fees 208us-gaap_ProfessionalFees 190us-gaap_ProfessionalFees 800us-gaap_ProfessionalFees 645us-gaap_ProfessionalFees
Other 490us-gaap_OtherNoninterestExpense 473us-gaap_OtherNoninterestExpense 1,488us-gaap_OtherNoninterestExpense 1,254us-gaap_OtherNoninterestExpense
Total noninterest expense 4,454us-gaap_NoninterestExpense 4,275us-gaap_NoninterestExpense 13,227us-gaap_NoninterestExpense 11,838us-gaap_NoninterestExpense
Income before provision for income taxes 2,269us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 2,039us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 7,212us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 6,938us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
Provision for income taxes 485us-gaap_IncomeTaxExpenseBenefit 543us-gaap_IncomeTaxExpenseBenefit 1,842us-gaap_IncomeTaxExpenseBenefit 1,963us-gaap_IncomeTaxExpenseBenefit
Net income $ 1,784us-gaap_NetIncomeLoss $ 1,496us-gaap_NetIncomeLoss $ 5,370us-gaap_NetIncomeLoss $ 4,975us-gaap_NetIncomeLoss
Basic earnings per share (in dollars per share) $ 0.42us-gaap_EarningsPerShareBasic $ 0.36us-gaap_EarningsPerShareBasic $ 1.27us-gaap_EarningsPerShareBasic $ 1.18us-gaap_EarningsPerShareBasic
Basic average shares outstanding (in shares) 4,220,940us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 4,211,531us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 4,217,447us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 4,203,350us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
Diluted earnings per share (in dollars per share) $ 0.42us-gaap_EarningsPerShareDiluted $ 0.35us-gaap_EarningsPerShareDiluted $ 1.26us-gaap_EarningsPerShareDiluted $ 1.17us-gaap_EarningsPerShareDiluted
Diluted average shares outstanding (in shares) 4,250,523us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 4,243,398us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 4,248,057us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 4,239,657us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding
Dividends per share (in dollars per share) $ 0.180us-gaap_CommonStockDividendsPerShareDeclared $ 0.175us-gaap_CommonStockDividendsPerShareDeclared $ 0.540us-gaap_CommonStockDividendsPerShareDeclared $ 0.525us-gaap_CommonStockDividendsPerShareDeclared