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Deposits

12 Months Ended

Jun. 30, 2012

NOTE 6: Deposits

Deposits are summarized as follows:

	June 30
	2012	2011
Non-interest bearing accounts	$ 54,812,645	$ 32,848,037
NOW accounts	193,870,344	152,474,730
Money market deposit accounts	18,099,265	15,802,312
Savings accounts	86,717,214	94,378,370
TOTAL NON-MATURITY DEPOSITS	353,499,468	295,503,449


Certificates
0.00-.99%	59,459,416	26,139,189
1.00-1.99%	106,609,956	148,429,914
2.00-2.99%	37,863,635	57,993,390
3.00-3.99%	24,185,741	25,888,256
4.00-4.99%	2,499,301	4,651,354
5.00-5.99%	696,106	1,545,265
TOTAL CERTIFICATES	231,314,155	264,647,368
TOTAL DEPOSITS	$584,813,623	$560,150,817

The aggregate amount of deposits with a minimum denomination of $100,000 was $313,814,344 and $261,490,430 at June 30, 2012 and 2011, respectively.

Certificate maturities are summarized as follows:

	June 30, 2012
July 1, 2012 to June 30, 2013	$158,873,077
July 1, 2013 to June 30, 2014	36,770,172
July 1, 2014 to June 30, 2015	13,129,529
July 1, 2015 to June 30, 2016	13,935,425
July 1, 2016 to June 30, 2017	8,605,952
Thereafter	-
TOTAL	$231,314,155

Deposits from executive officers, directors, significant shareholders and their affiliates (related parties) held by the Company at June 30, 2012 and 2011 totaled approximately $1.7 million and $1.5 million, respectively.

- Definition

The entire disclosure for deposit liabilities including data and tables. It may include a description of the entity's deposit liabilities, the aggregate amount of time deposits (including certificates of deposit) in denominations of $100,000 or more at the balance sheet date; the aggregate amount of any demand deposits that have been reclassified as loan balances, such as overdrafts, at the balance sheet date; deposits that are received on terms other than those in the normal course of business, the amount of accrued interest on deposit liabilities; securities, mortgage loans or other financial instruments that serve as collateral for deposits; for time deposits having a remaining term of more than one year, the aggregate amount of maturities for each of the five years following the balance sheet date; and the weighted average interest rate for all deposit liabilities held by the entity.

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