XML 14 R4.htm IDEA: XBRL DOCUMENT v3.4.0.3
Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Mar. 31, 2016
Mar. 31, 2015
Interest income:        
Loans $ 2,878 $ 2,789 $ 8,655 $ 8,495
Investments and mortgage-backed securities 1,013 993 3,077 2,855
Total interest income 3,891 3,782 11,732 11,350
Interest expense:        
Deposits 472 497 1,479 1,631
Borrowed funds 58 60 178 186
Total interest expense 530 557 1,657 1,817
Net interest income 3,361 3,225 10,075 9,533
Provision for (recovery of) loan losses 52 (289) 141 (244)
Net interest income after provision for loan losses 3,309 3,514 9,934 9,777
Non interest income:        
Service charges 719 643 2,212 2,024
Gain on sale of loans 63 41 219 101
Gain (loss) on sale of investments 64 (257) 124 (310)
Gain on sale of other real estate owned 0 76 27 147
Write down of other real estate owned (19) 0 (60) 0
Income from bank owned life insurance 122 131 653 400
Other 172 49 366 178
Total non interest income 1,121 683 3,541 2,540
Non interest expense:        
Compensation and employee benefits 1,972 2,042 6,254 5,772
Premises and occupancy expense 298 299 824 922
Deposit insurance premium 68 89 236 277
Advertising expense 76 76 262 289
Data processing expense 348 293 1,003 1,049
Intangible amortization 30 30 90 90
Professional fees 128 136 587 609
Other operating expenses 310 390 1,127 1,165
Total non interest expense 3,230 3,355 10,383 10,173
Income before income taxes 1,200 842 3,092 2,144
Income tax provision 259 148 474 303
Net income $ 941 $ 694 $ 2,618 $ 1,841
Basic earnings per share $ 0.23 $ 0.16 $ 0.63 $ 0.41
Diluted earnings per share $ 0.23 $ 0.16 $ 0.62 $ 0.41