XML 16 R4.htm IDEA: XBRL DOCUMENT v3.5.0.2
Consolidated Statements of Earnings - USD ($)
12 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2014
Finance and loan income $ 25,471,000 $ 21,489,000 $ 18,370,000
Investment interest income 2,230,000 1,516,000 1,371,000
Total interest income 27,701,000 23,005,000 19,741,000
Interest expense      
Deposits 6,003,000 3,883,000 3,036,000
Borrowings 207,000 62,000 1,000
Net interest income 21,491,000 19,060,000 16,704,000
Provision for credit losses 1,475,000 1,175,000 200,000
Net interest income after provision for credit losses 20,016,000 17,885,000 16,504,000
Non-interest income      
Operating and sales-type lease income 1,146,000 305,000 2,152,000
Gain on sale of leases, loans and leased property 3,497,000 4,791,000 2,980,000
Realized gain on sale of investment securities 23,000 481,000
Recovery realized on TFT-LCD settlement 2,744,000
Other fee income 220,000 388,000 432,000
Total non-interest income 4,886,000 8,709,000 5,564,000
Non-interest expenses      
Compensation and employee benefits 7,254,000 8,582,000 7,796,000
Occupancy 685,000 634,000 682,000
Professional services 771,000 664,000 590,000
Write-down of repossessed assets 397,000
Other general and administrative 1,727,000 1,899,000 1,927,000
Total non-interest expenses 10,834,000 11,779,000 10,995,000
Earnings before income taxes 14,068,000 14,815,000 11,073,000
Income taxes 5,420,000 5,760,000 4,022,000
Net earnings $ 8,648,000 $ 9,055,000 $ 7,051,000
Basic earnings per common share (in dollars per share) $ 0.83 $ 0.87 $ 0.67
Diluted earnings per common share (in dollars per share) 0.83 0.87 0.67
Dividends declared per common share outstanding (in dollars per share) $ 0.44 $ 0.42 $ 0.40
Average common shares outstanding – basic (in shares) 10,399,393 10,459,924 10,453,107
Average common shares outstanding – diluted (in shares) 10,399,393 10,459,924 10,456,359