Premises and Equipment, Net

9 Months Ended

Mar. 31, 2015

Premises and Equipment

Premises and Equipment, Net

Note 8.Premises and Equipment, Net

Premises and equipment, net are as follows:

	March 31, 2015			June 30, 2014
Land and land improvements	$	1,345,583		$	1,345,583
Buildings and improvements	6,941,338			6,849,050
Furniture and equipment	1,353,822			1,231,338
Computer equipment	502,791			453,683
Vehicles	57,016			-
	10,200,550			9,879,654
Less accumulated depreciation	(4,652,032		)	(4,416,056		)
	$	5,548,518		$	5,463,598

Depreciation expense was $83,150 and $65,969 for the three months ended March 31, 2015 and 2014, respectively, and $235,976 and $206,015 for the nine months ended March 31, 2015 and 2014, respectively.