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Consolidated Statements of Income - USD ($)
3 Months Ended 9 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Mar. 31, 2017
Mar. 31, 2016
Interest income:        
Loans $ 2,301,482 $ 2,012,359 $ 6,737,414 $ 6,125,911
Securities 13,417 9,797 32,500 70,763
Other 5,329 30,788 21,704 49,387
Total interest income 2,320,228 2,052,944 6,791,618 6,246,061
Interest expense:        
Deposits 281,285 271,490 813,465 777,262
Federal Home Loan Bank borrowings 1,011   1,011  
Other 595 186 1,357 630
Total interest expense 282,891 271,676 815,833 777,892
Net interest income 2,037,337 1,781,268 5,975,785 5,468,169
Provision for loan losses 60,830 2,023 382,703 159,368
Net interest income after provision for loan losses 1,976,507 1,779,245 5,593,082 5,308,801
Noninterest income:        
Service charges on deposit accounts 150,976 149,571 468,544 435,027
Brokerage fee income 160,542 147,257 545,779 460,795
Gain on sale of loans 103,721 151,618 595,439 564,680
Other loan fees 57,644 66,672 208,947 206,240
Other income 38,930 29,119 107,231 102,403
Total noninterest income 511,813 544,237 1,925,940 1,769,145
Noninterest expense:        
Salaries and employee benefits 1,225,488 1,093,182 3,538,488 3,356,930
Director and committee fees 41,557 39,192 122,342 120,242
Data processing fees 146,346 142,544 433,039 399,921
Occupancy and equipment 247,386 224,508 729,916 656,208
Regulatory fees and deposit insurance premium 42,804 52,926 126,003 152,689
Advertising and public relations 58,207 56,639 153,379 172,392
Insurance and bond premiums 23,860 23,642 71,604 75,406
Professional fees 53,198 71,329 310,931 398,963
Supplies, telephone and postage 75,480 67,173 207,570 203,138
Other expenses 160,028 154,852 487,081 452,433
Total noninterest expense 2,074,354 1,925,987 6,180,353 5,988,322
Income before income taxes 413,966 397,495 1,338,669 1,089,624
Income tax expense (138,620) (155,001) (488,801) (350,028)
Net income $ 275,346 $ 242,494 $ 849,868 $ 739,596
Basic earnings per share (in dollars per share) $ 0.08 $ 0.07 $ 0.26 $ 0.23
Diluted earnings per share (in dollars per share) $ 0.08 $ 0.07 $ 0.25 $ 0.23