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Note 2: Organization and Summary of Significant Accounting Policies: Goodwill Policy (Policies)
9 Months Ended
Mar. 31, 2020
Policies  
Goodwill Policy

Goodwill. The Company’s goodwill is evaluated annually for impairment or more frequently if impairment indicators are present. A qualitative assessment is performed to determine whether the existence of events or circumstances leads to a determination that it is more likely than not the fair value is less than the carrying amount, including goodwill. If, based on the evaluation, it is determined to be more likely than not that the fair value is less than the carrying value, then goodwill is tested further for impairment. If the implied fair value of goodwill is lower than its carrying amount, a goodwill impairment is indicated and goodwill is written down to its implied fair value. Subsequent increases in goodwill value are not recognized in the financial statements. As of June 30, 2019, there was no impairment indicated, and the Company believes there continues to be no impairment of goodwill at March 31, 2020, based on a qualitative assessment of goodwill as of that date, which considered: the decline in the market value of the Company’s common stock, relative to peers; concentrations of credit; profitability; nonperforming assets; capital levels; and results of recent regulatory examinations.