XML 13 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Interest income:    
Loans $ 3,097 $ 3,450
Investments and mortgage-backed securities 662 775
Total interest income 3,759 4,225
Interest expense:    
Deposits 705 956
Borrowed funds 43 47
Total interest expense 748 1,003
Net interest income 3,011 3,222
Provision for (recovery of) loan losses (442) 250
Net interest income after provision for (recovery of) loan losses 3,453 2,972
Other income:    
Service charges 651 621
Gain on sale of loans 87 248
Gain (loss) on sale of other real estate owned (1) 7
Gain on sale of fixed assets 136 0
Income from bank owned life insurance 108 135
Other 71 56
Total other income 1,052 1,067
Other expense:    
Compensation and employee benefits 1,803 1,809
Premises and occupancy expense 304 339
Deposit insurance premium 97 177
Advertising expense 106 96
Data processing expense 406 373
Provision for loss on real estate owned 1 9
Intangible amortization 39 40
Professional fees 289 302
Other operating expenses 403 272
Total other expense 3,448 3,417
Income before income taxes 1,057 622
Income tax provision 295 128
Net income $ 762 $ 494
Basic and diluted earnings per share (in dollars per share) $ 0.16 $ 0.10