Note 5: Accounting For Certain Loans Acquired in A Transfer: Schedule of Loans Acquired in Transfer Credit Impaired (Tables)

6 Months Ended

Dec. 31, 2013

Tables/Schedules

Schedule of Loans Acquired in Transfer Credit Impaired

The carrying amount of those loans is included in the balance sheet amounts of loans receivable at December 31 and June 30, 2013.  The amounts of these loans at December 31 and June 30, 2013, are as follows:

	December 31, 2013	June 30, 2013
Real Estate Loans:
Residential	$2,085,113	$2,096,135
Construction	-	-
Commercial	1,299,293	1,323,361
Consumer loans	-	-
Commercial loans	1,401,778	1,707,442
Outstanding balance	$4,786,184	$5,126,938
Carrying amount, net of fair value adjustment of      $917,433 and $1,021,542 at December 31 and      June 30, 2013, respectively	$3,868,751	$4,105,396