v2.4.0.6
CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Interest income:    
Loans, including fees $ 10,167 $ 10,212
Federal funds sold and interest-bearing deposits in financial institutions 57 54
Securities, taxable 1,802 1,624
Securities, tax-exempt 1,052 894
Total interest and dividend income 13,078 12,784
Interest expense:    
Deposits 1,200 1,617
Short-term borrowings 29 45
Federal Home Loan Bank advances 230 254
Total interest expense 1,459 1,916
Net interest income 11,619 10,868
Provision for loan losses 315 435
Net interest income after provision for loan losses 11,304 10,433
Other income:    
Service charges on deposit accounts 1,386 1,292
Debit card interchange income 743 644
Bank owned life insurance income 194 182
Securities gains, net 144 71
Other-than-temporary loss    
Total impairment loss 0 (370)
Loss recognized in other comprehensive income 0 0
Net impairment loss recognized in earnings 0 (370)
Gain (loss) on disposition or direct write-down of other real estate owned (53) 2
Other 190 190
Total other income 2,604 2,011
Other expenses:    
Salaries and employee benefits 5,508 4,827
Occupancy and equipment 1,062 1,019
Data processing expenses 566 553
Professional and director fees 356 346
Federal Deposit Insurance Corporation assessments 194 287
Franchise taxes 267 242
Marketing and advertising 300 241
Loan and collection expenses 123 121
Amortization of intangible 89 161
Telephone and communications 240 231
Debit card processing expenses 389 343
Other 1,251 1,204
Total other expenses 10,345 9,575
Income before income taxes 3,563 2,869
Income tax expense 799 621
Net income $ 2,764 $ 2,248
Basic and diluted earnings per share (in dollars per shares) $ 1.35 $ 1.10