Note 8: Income Taxes: Schedule of Reconciliation of Income Tax Expense at the Statutory Rate to Actual Income Tax (Tables)

6 Months Ended

Dec. 31, 2017

Tables/Schedules

Schedule of Reconciliation of Income Tax Expense at the Statutory Rate to Actual Income Tax

	For the three-month period ended		For the six-month periods ended
(dollars in thousands)	December 31, 2017	December 31, 2016	December 31, 2017	December 31, 2016
Tax at statutory rate	$2,168	$2,069	$4,066	$3,842
Increase (reduction) in taxes   resulting from:
Nontaxable municipal income	(114)	(129)	(225)	(261)
State tax, net of Federal benefit	137	60	243	108
Cash surrender value of       Bank-owned life insurance	(66)	(74)	(131)	(147)
Tax credit benefits	(225)	(93)	(449)	(187)
Adjustment of deferred tax asset       for enacted changes in tax laws	1,124	-	1,124	-
Other, net	(478)	(98)	(193)	(262)
Actual provision	$2,546	$1,735	$4,435	$3,093