v2.4.0.6
CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Interest income    
Loans, including fees $ 2,605 $ 2,535
Securities, taxable 383 480
Securities, tax-exempt 304 245
Federal funds sold and other interest bearing deposits 15 16
Total interest income 3,307 3,276
Interest expense    
Deposits 270 330
Short-term borrowings 6 11
Federal Home Loan Bank advances 50 60
Total interest expense 326 401
Net interest income 2,981 2,875
Provision for loan losses 25 92
Net interest income after provision for loan losses 2,956 2,783
Non-interest income    
Service charges on deposit accounts 342 356
Debit card interchange income 193 179
Bank owned life insurance income 47 51
Securities gains, net 21 49
Other 61 37
Total non-interest income 664 672
Non-interest expenses    
Salaries and employee benefits 1,565 1,326
Occupancy and equipment 314 258
Data processing expenses 85 139
Professional and director fees 92 94
FDIC Assessments 49 50
Franchise taxes 70 65
Marketing and advertising 117 76
Telephone and network communications 65 58
Debit card processing expenses 103 94
Amortization of intangible 0 41
Other 407 361
Total non-interest expenses 2,867 2,562
Income before income taxes 753 893
Income tax expense 138 206
Net Income $ 615 $ 687
Basic and diluted earnings per share (in dollars per share) $ 0.30 $ 0.34