Note 21: Condensed Parent Company Only Financial Statements: Condensed Cash Flow Statement (Tables)

12 Months Ended

Jun. 30, 2014

Tables/Schedules

Condensed Cash Flow Statement

	Year ended June 30,
Condensed Statements of Cash Flow	2014	2013	2012
Cash Flows from operating activities:
Net income	$10,081,101	$10,067,215	$10,098,263
Changes in:
Equity in undistributed income of the Bank	(7,634,818)	(7,245,076)	(7,731,435)
Other adjustments, net	(128,450)	482,570	(476,769)
NET CASH PROVIDED BY OPERATING ACTIVITES	2,317,833	3,304,709	1,890,059
Cash flows from investing activities:
Proceeds from (investment in) loan participations	3,912,536	215,536	(6,721,160)
Proceeds from sale of real estate	849,545	-	-
Purchases of premises and equipment	(3,256,742)	-	-
Investments in Bank subsidiaries	(11,987,905)	(100)	-
Capital pushdown to Bank	(692,029)
Investments in state and federal tax credits	(225,000)
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES	(11,399,595)	215,436	(6,721,160)
Cash flows from financing activities:
Proceeds from issuance of preferred stock	-	-	19,973,208
Proceeds from issuance of common stock	-	-	19,914,349
Dividends on preferred stock	(200,000)	(411,553)	(368,760)
Dividends on common stock	(2,118,826)	(1,974,924)	(1,283,928)
Exercise of stock options	523,992	100,518	22,845
Redemption of preferred stock	-	-	(9,550,000)
Investments in bank subsidiary	-	-	(9,350,000)
NET CASH (USED IN) PROVIDED BY FINANCING ACTIVITIES	(1,794,834)	(2,285,959)	19,357,714
Net increase (decrease) in cash and cash equivalents	(10,876,596)	1,234,186	14,526,613
Cash and cash equivalents at beginning of year	16,576,832	15,342,646	816,033
CASH AND CASH EQUIVALENTS AT END OF YEAR	$5,700,236	$16,576,832	$15,342,646