Note 9: Income Taxes: Schedule of Reconciliation of Income Tax Expense at the Statutory Rate to Actual Income Tax (Tables)

9 Months Ended

Mar. 31, 2020

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, 2020		March 31, 2019		March 31, 2020		March 31, 2019
Tax at statutory rate	$	1,308	$	1,852	$	5,391	$	5,574
Increase (reduction) in taxes  resulting from:
Nontaxable municipal income		(109)		(103)		(335)		(295)
State tax, net of Federal benefit		27		128		223		352
Cash surrender value of      Bank-owned life insurance		(52)		(50)		(159)		(227)
Tax credit benefits		(21)		(68)		(27)		(203)
Other, net		(24)		(34)		(67)		(7)
Actual provision	$	1,129	$	1,725	$	5,026	$	5,194