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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Interest income:        
Loans $ 2,843 $ 2,824 $ 11,338 $ 11,740
Investments and mortgage-backed securities 1,039 855 3,894 3,218
Total interest income 3,882 3,679 15,232 14,958
Interest expense:        
Deposits 499 586 2,130 2,432
Borrowed funds 59 62 245 224
Total interest expense 558 648 2,375 2,656
Net interest income 3,324 3,031 12,857 12,302
Provision for (recovery of) loan losses (104) 160 (348) (132)
Net interest income after provision for (recovery of) loan losses 3,428 2,871 13,205 12,434
Other income:        
Service charges 723 667 2,747 2,556
Gain on sale of loans 75 25 176 166
Loss on sale of investments (122) 0 (432) 0
Gain (loss) on sale of other real estate owned 22 (2) 169 4
Gain (loss) on sale of fixed assets (6) (80) (6) 56
Income from bank owned life insurance 129 133 529 495
Other 35 4 213 420
Total other income 856 747 3,396 3,697
Other expense:        
Compensation and employee benefits 2,185 1,773 7,957 7,197
Premises and occupancy expense 265 339 1,187 1,258
Deposit insurance premium 87 100 364 369
Advertising expense 75 109 364 348
Data processing expense 310 375 1,359 1,444
Provision for loss on real estate owned 22 8 22 9
Intangible amortization 28 33 118 143
Professional fees 165 167 774 834
Other operating expenses 330 340 1,495 1,590
Total other expense 3,467 3,244 13,640 13,192
Income before income taxes 817 374 2,961 2,939
Income tax provision 122 21 425 659
Net income $ 695 $ 353 $ 2,536 $ 2,280
Basic and diluted earnings per share (in dollars per share) $ 0.16 $ 0.07 $ 0.57 $ 0.47