XML 83 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Net Income (USD $)
In Thousands, except Share data, unless otherwise specified
12 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2012
Interest and dividend income:      
Loans, including fees $ 22,729 $ 21,570 $ 21,805
Debt securities:      
Taxable 2,615 2,713 2,981
Tax-exempt 68 1 0
Dividends 62 25 22
Federal funds sold and other short-term investments 38 39 25
Total interest and dividend income 25,512 24,348 24,833
Interest expense:      
Deposits 3,009 3,664 4,197
Borrowings 2,161 1,821 1,567
Total interest expense 5,170 5,485 5,764
Net interest income 20,342 18,863 19,069
Provision for loan losses 550 675 425
Net interest income, after provision for loan losses 19,792 18,188 18,644
Non-interest income:      
Customer service fees 2,168 1,989 1,712
Gain on sales of securities, net 0 114 19
Gain on sales of loans, net 276 910 625
Increase in cash surrender value of bank-owned life insurance 503 529 470
Other 691 660 414
Total non-interest income 3,638 4,202 3,240
Non-interest expense:      
Salaries and employee benefits 9,132 9,959 9,870
Occupancy and equipment 1,857 1,921 1,837
Data processing services 931 1,022 593
Advertising 592 570 663
Net (gain) loss on other real estate owned (1) (38) 41
FDIC insurance and assessment 399 370 310
Other general and administrative 3,461 3,835 3,771
Total non-interest expense 16,371 17,639 17,085
Income before income taxes 7,059 4,751 4,799
Income tax provision 2,544 1,777 1,783
Net income $ 4,515 $ 2,974 $ 3,016
Earnings per share:      
Basic (dollars per share) $ 0.85 $ 0.55 $ 0.52
Diluted (dollars per share) $ 0.83 $ 0.54 $ 0.51
Weighted average shares outstanding      
Basic (in shares) 5,304,151 5,414,851 5,806,977
Diluted (in shares) 5,435,761 5,548,151 5,888,591