v2.4.0.6
CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Mar. 31, 2013
Mar. 31, 2012
Interest income        
Loans, including fees $ 2,587 $ 2,540 $ 7,897 $ 7,637
Securities, taxable 293 445 1,010 1,400
Securities, tax-exempt 318 267 937 761
Federal funds sold and other interest bearing deposits 15 12 46 42
Total interest income 3,213 3,264 9,890 9,840
Interest expense        
Deposits 236 289 768 924
Short-term borrowings 5 5 16 23
Federal Home Loan Bank advances 49 51 149 180
Total interest expense 290 345 933 1,127
Net interest income 2,923 2,919 8,957 8,713
Provision for loan losses 90 11 171 170
Net interest income after provision for loan losses 2,833 2,908 8,786 8,543
Non-interest income        
Service charges on deposit accounts 301 338 979 1,061
Debit card interchange income 190 187 589 545
Bank owned life insurance income 43 48 139 148
Securities gains (losses), net 101 (37) 124 118
Loss on sale of other real estate owned 0 0 0 (53)
Other 98 49 244 135
Total non-interest income 733 585 2,075 1,954
Non-interest expenses        
Salaries and employee benefits 1,548 1,421 4,591 4,060
Occupancy and equipment 321 268 965 784
Data processing expenses 138 143 360 422
Professional and director fees 83 80 258 271
FDIC assessments 51 48 150 147
Franchise taxes 68 69 207 198
Marketing and advertising 66 81 228 210
Telephone and network communications 75 60 220 176
Debit card processing expenses 90 97 291 284
Amortization of intangible 0 8 0 89
Other 359 336 1,124 1,032
Total non-interest expenses 2,799 2,611 8,394 7,673
Income before income taxes 767 882 2,467 2,824
Income tax expense 139 196 477 660
Net Income $ 628 $ 686 $ 1,990 $ 2,164
Basic and diluted earnings per share (in dollars per share) $ 0.30 $ 0.33 $ 0.96 $ 1.06