Earnings Per Common Share

12 Months Ended

Jun. 30, 2015

Earnings Per Common Share [Abstract]

Earnings Per Common Share

Note 19.Earnings Per Common Share

The following table presents the components of average outstanding common shares for the years ended June 30, 2015 and 2014:

	2015			2014
Average Common Shares Issued		2,172,944			3,062,386
Average Treasury Shares Held		--			(773,437	)
Average Unearned ESOP Shares		(150,314	)		(161,844	)
Average Unearned RRP Trust Shares		(44,398	)		(58,239	)
Weighted Average Number of Common
Shares Used in Basic EPS		1,978,232			2,068,866
Effect of Dilutive Securities
Stock Options		53,627			51,932
Weighted Average Number of Common
Shares and Dilutive Potential Common
Shares Used in Dilutive EPS		2,031,859			2,120,798

Earnings per share are computed using the weighted average number of shares outstanding as prescribed in GAAP.  The share amounts have been adjusted for the conversion completed on December 22, 2010 and the exchange of Mid-Tier Company common stock for shares of the Company at an exchange ratio of 0.9110.  For the years ended June 30, 2015 and 2014, there were outstanding options to purchase 208,461 and 198,480 shares, respectively, at $15.03 per share for 2015 and $13.99 per share for 2014.