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

3 Months Ended

Mar. 31, 2014

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 March 31, 2014 and June 30, 2013. The amounts of these loans at March 31, 2014 and June 30, 2013, are as follows:

	March 31, 2014	June 30, 2013
Real Estate Loans:
Residential	$2,076,357	$2,096,135
Construction	-	-
Commercial	1,288,055	1,323,361
Consumer loans	-	-
Commercial loans	900,730	1,707,442
Outstanding balance	$4,265,142	$5,126,938
Carrying amount, net of fair value adjustment of      $915,767 and $1,021,542 at March 31, 2014 and      June 30, 2013, respectively	$3,349,375	$4,105,396