Note 17 - Segment Reporting

12 Months Ended

Jun. 30, 2016

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

Note 17 – Segment Reporting

:

The Company’s banking subsidiary, CalFirst Bank, and leasing subsidiary, CalFirst Leasing, are considered to be two different business segments. The accounting policies of each segment are the same as those described in “Summary of Significant Accounting Policies” (see Note 1). Below is a summary of each segment’s financial results for fiscal years 2016, 2015 and 2014:

					Bancorp and
	CalFirst		CalFirst		Eliminating
	Bank		Leasing		Entries			Consolidated
	(in thousands)
Year end June 30, 2016:
Total interest income	$	26,334	$	1,358	$	9		$	27,701
Net interest income after provision for credit losses		18,331		1,676		9			20,016
Non-interest income		2,300		2,586		-			4,886
Net earnings		7,232		2,376		(960	)		8,648
Total assets	$	852,056	$	78,183	$	(42,063	)	$	888,176
Year end June 30, 2015:
Total interest income	$	21,092	$	1,912	$	1		$	23,005
Net interest income after provision for credit losses		15,730		2,154		1			17,885
Non-interest income		3,947		4,762		-			8,709
Net earnings		6,367		3,577		(889	)		9,055
Total assets	$	671,785	$	90,337	$	(31,048	)	$	731,074
Year end June 30, 2014:
Total interest income	$	17,062	$	2,678	$	1		$	19,741
Net interest income after provision for credit losses		13,783		2,720		1			16,504
Non-interest income		2,520		3,044		-			5,564
Net earnings		5,081		2,817		(847	)		7,051
Total assets	$	518,940	$	92,787	$	(32,177	)	$	579,550