Note 8: Income Taxes: Schedule of Deferred Tax Assets and Liabilities (Tables)

6 Months Ended

Dec. 31, 2013

Tables/Schedules

Schedule of Deferred Tax Assets and Liabilities

The components of net deferred tax assets (liabilities) are summarized as follows:

	December 31, 2013	June 30, 2013
Deferred tax assets:
Provision for losses on loans	$3,783,553	$3,545,918
Accrued compensation and benefits	225,813	211,117
Other-than-temporary impairment on             available for sale securities	120,780	261,405
NOL carry forwards acquired	150,270	150,270
Unrealized loss on other real estate	27,200	31,280
Unrealized loss on available for sale securities	620,781	116,157
Other	24,452	-
Total deferred tax assets	4,952,849	4,316,147
Deferred tax liabilities:
FHLB stock dividends	188,612	188,612
Purchase accounting adjustments	1,906,923	1,228,067
Depreciation	685,239	761,389
Prepaid expenses	301,330	151,939
Other	-	40,224
Total deferred tax liabilities	3,082,104	2,370,231
Net deferred tax (liability) asset	$1,870,745	$1,945,916