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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2016
Dec. 31, 2015
Interest income        
Loans, including fees $ 2,712 $ 2,894 $ 5,405 $ 5,786
Mortgage-backed securities 6 21 31 44
Other securities 3 5 6 10
Interest-bearing deposits and other 90 65 158 129
Total interest income 2,811 2,985 5,600 5,969
Interest expense        
Interest-bearing demand deposits 6 7 11 14
Savings 63 65 127 130
Certificates of Deposit 183 196 361 404
Deposits 252 268 499 548
Borrowings 89 74 170 144
Total interest expense 341 342 669 692
Net interest income 2,470 2,643 4,931 5,277
Provision for loan losses 52 0 56 11
Net interest income after provision for loan losses 2,418 2,643 4,875 5,266
Non-interest income        
Earnings on bank-owned life insurance 23 24 47 47
Net gain on sales of loans 9 22 9 41
Net gain on sales of real estate owned 1 37 74 53
Valuation adjustments of real estate owned (25) (21) (25) (39)
Other 68 64 139 138
Total non-interest income 76 126 244 240
Non-interest expense        
Employee compensation and benefits 1,311 1,360 2,655 2,639
Occupancy and equipment 171 168 353 316
Outside service fees 54 43 95 91
Legal fees 7 11 20 40
Data processing 96 94 193 191
Auditing and accounting 79 63 158 130
FDIC insurance premiums (12) 56 48 110
Franchise and other taxes 61 64 121 127
Foreclosure and real estate owned expenses (net) 47 25 68 53
Other 287 285 558 537
Total non-interest expense 2,101 2,169 4,269 4,234
Income before income taxes 393 600 850 1,272
Federal income tax expense 139 196 299 330
NET INCOME $ 254 $ 404 $ 551 $ 942
EARNINGS PER SHARE        
Basic and diluted (in dollars per share) $ 0.03 $ 0.05 $ 0.07 $ 0.11
DIVIDENDS PER SHARE (in dollars per share) $ 0.1 $ 0.1 $ 0.2 $ 0.2