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Note 8: Income Taxes: Schedule of Effective Income Tax Rate Reconciliation (Tables)
3 Months Ended
Sep. 30, 2012
Tables/Schedules  
Schedule of Effective Income Tax Rate Reconciliation

 

 

For the three-month period ended

September 30, 2012

September 30, 2011

Tax at statutory rate

$1,268,588

$1,460,164

Increase (reduction) in taxes resulting from:

  Nontaxable municipal income

(124,268)

(104,370)

  State tax, net of Federal benefit

92,400

116,655

  Cash surrender value of Bank-owned life insurance

(42,779)

(24,328)

  Other, net

(53,055)

(3,914)

Actual provision

$1,140,886

$1,444,207