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

9 Months Ended

Mar. 31, 2019

Tables/Schedules

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

	For the three-month periods ended		For the nine-month periods ended
(dollars in thousands)	March 31, 2019	March 31, 2018	March 31, 2019	March 31, 2018
Tax at statutory rate	$             1,852	$             1,986	$            5,574	$            6,052
Increase (reduction) in taxes   resulting from:
Nontaxable municipal income	(103)	(115)	(295)	(341)
State tax, net of Federal benefit	128	287	352	530
Cash surrender value of          Bank-owned life insurance	(50)	(66)	(227)	(197)
Tax credit benefits	(68)	(224)	(203)	(672)
Adjustment of deferred tax asset           for enacted changes in tax laws	-	-	-	1,124
Other, net	(34)	(58)	(7)	(251)
Actual provision	$             1,725	$             1,810	$            5,194	$            6,245