v2.4.0.6
CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2012
Dec. 31, 2011
Interest income        
Loans, including fees $ 2,705 $ 2,562 $ 5,310 $ 5,097
Securities, taxable 334 475 717 955
Securities, tax-exempt 315 249 619 494
Federal funds sold and other interest bearing deposits 16 14 31 30
Total interest income 3,370 3,300 6,677 6,576
Interest expense        
Deposits 262 305 532 635
Short-term borrowings 5 7 11 18
Federal Home Loan Bank advances 50 69 100 129
Total interest expense 317 381 643 782
Net interest income 3,053 2,919 6,034 5,794
Provision for loan losses 56 67 81 159
Net interest income after provision for loan losses 2,997 2,852 5,953 5,635
Non-interest income        
Service charges on deposit accounts 336 367 678 723
Debit card interchange income 206 179 399 358
Bank owned life insurance income 49 49 96 100
Securities gains, net 2 106 23 155
Gain (loss) on sale of other real estate owned 0 (53) 0 (53)
Other 85 49 146 86
Total non-interest income 678 697 1,342 1,369
Non-interest expenses        
Salaries and employee benefits 1,478 1,313 3,043 2,639
Occupancy and equipment 330 258 644 516
Data processing expenses 137 140 222 279
Professional and director fees 83 97 175 191
FDIC Assessments 50 49 99 99
Franchise taxes 69 64 139 129
Marketing and advertising 45 53 162 129
Telephone and network communications 80 58 145 116
Debit card processing expenses 98 93 201 187
Amortization of intangible 0 40 0 81
Other 358 335 765 696
Total non-interest expenses 2,728 2,500 5,595 5,062
Income before income taxes 947 1,049 1,700 1,942
Income tax expense 200 258 338 464
Net Income $ 747 $ 791 $ 1,362 $ 1,478
Basic and diluted earnings per share (in dollars per share) $ 0.36 $ 0.39 $ 0.66 $ 0.72