v2.4.0.6
PARENT COMPANY FINANCIAL STATEMENTS
12 Months Ended
Jun. 30, 2013
Condensed Financial Information of Parent Company Only Disclosure [Abstract]  
Condensed Financial Information of Parent Company Only Disclosure [Text Block]
NOTE 13—PARENT COMPANY FINANCIAL STATEMENTS
 
Condensed financial information of Consumers Bancorp. Inc. (parent company only) follows:
 
 
 
June
30, 2013
 
June
30, 2012
 
Condensed Balance Sheets
 
 
 
 
 
 
 
Assets
 
 
 
 
 
 
 
Cash
 
$
31
 
$
74
 
Subordinated debenture receivable from subsidiary
 
 
 
 
2,000
 
Other assets
 
 
126
 
 
87
 
Investment in subsidiary
 
 
28,012
 
 
25,785
 
Total assets
 
$
28,169
 
$
27,946
 
Liabilities
 
 
 
 
 
 
 
Other liabilities
 
$
26
 
$
56
 
Shareholders’ equity
 
 
28,143
 
 
27,890
 
Total liabilities & shareholders’ equity
 
$
28,169
 
$
27,946
 
 
 
 
Year Ended
June 30, 2013
 
Year Ended
June 30, 2012
 
Condensed Statements of Income
 
 
 
 
 
 
 
Cash dividends from subsidiary
 
$
880
 
$
855
 
Other income
 
 
94
 
 
160
 
Other expense
 
 
174
 
 
163
 
Income before income taxes and equity in undistributed net income of subsidiary
 
 
800
 
 
852
 
Income tax expense (benefit)
 
 
(22)
 
 
3
 
Income before equity in undistributed net income of subsidiary
 
 
822
 
 
849
 
Equity in undistributed net income of subsidiary
 
 
1,847
 
 
1,915
 
Net income
 
$
2,669
 
$
2,764
 
 
Condensed Statements of Cash Flows
 
Year Ended
June 30, 2013
 
Year Ended
June 30, 2012
 
Cash flows from operating activities
 
 
 
 
 
 
 
Net income
 
$
2,669
 
$
2,764
 
Equity in undistributed net income of Bank subsidiary
 
 
(1,847)
 
 
(1,915)
 
Change in other assets and liabilities
 
 
(69)
 
 
14
 
Net cash flows from operating activities
 
 
753
 
 
863
 
Cash flows from investing activities
 
 
 
 
 
 
 
Repayment of subordinated note
 
 
2,000
 
 
 
Net cash flows from financing activities
 
 
2,000
 
 
 
Cash flows from financing activities
 
 
 
 
 
 
 
Dividend paid
 
 
(993)
 
 
(905)
 
Investment in subsidiary
 
 
(2,000)
 
 
 
Proceeds from dividend reinvestment and stock purchase plan
 
 
188
 
 
91
 
Issuance of treasury stock for restricted stock awards
 
 
9
 
 
 
Net cash flows from financing activities
 
 
(2,796)
 
 
(814)
 
Change in cash and cash equivalents
 
 
(43)
 
 
49
 
Beginning cash and cash equivalents
 
 
74
 
 
25
 
Ending cash and cash equivalents
 
$
31
 
$
74