Note 17: Acquisitions: Schedule of Recognized Identified Assets Acquired and Liabilities Assumed (Tables)

12 Months Ended

Jun. 30, 2013

Tables/Schedules

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

Fair Value of Consideration Transferred
Equity position of target at closing			$	(2,453,832)
Asset discount bid				(17,500,000)
Deposit premium bid				224,028
Total cash (to) from buyer			$	(19,729,804)
Recognized amounts of identifiable assets	Acquired from	Fair Value
acquired and liabilities assumed	the FDIC	Adjustments	As Recorded
Cash and cash equivalents	$18,519,482	$-		$18,519,482
Loans	124,409,033	(9,801,830)		114,607,203
Premises and equipment	1,159	-		1,159
Identifiable intangible assets	-	624,952		624,952
Other	1,680,991	-		1,680,991
Deposits	(130,314,617)	(524,043)		(130,838,660)
Long-term debt	(16,658,022)	(548,781)		(17,206,803)
Other	(91,858)	(29,520)		(121,378)
Total identifiable net assets	$(2,453,832)	$(10,279,222)		$(12,733,054)
Bargain purchase gain				$(6,996,750)