v2.4.0.6
CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Interest income:    
Loans, including fees $ 10,549 $ 10,167
Federal funds sold and interest-bearing deposits in financial institutions 60 57
Securities, taxable 1,263 1,802
Securities, tax-exempt 1,269 1,052
Total interest and dividend income 13,141 13,078
Interest expense:    
Deposits 981 1,200
Short-term borrowings 22 29
Federal Home Loan Bank advances 199 230
Total interest expense 1,202 1,459
Net interest income 11,939 11,619
Provision for loan losses 337 315
Net interest income after provision for loan losses 11,602 11,304
Other income:    
Service charges on deposit accounts 1,328 1,386
Debit card interchange income 796 743
Bank owned life insurance income 184 194
Gain on sale of mortgage loans 121 0
Securities gains, net 157 144
Loss on disposition of other real estate owned 0 (53)
Other 216 190
Total other income 2,802 2,604
Other expenses:    
Salaries and employee benefits 6,090 5,508
Occupancy and equipment 1,270 1,062
Data processing expenses 502 566
Professional and director fees 327 356
Federal Deposit Insurance Corporation assessments 203 194
Franchise taxes 286 267
Marketing and advertising 280 300
Loan and collection expenses 110 123
Amortization of intangible 0 89
Telephone and communications 280 240
Debit card processing expenses 392 389
Other 1,361 1,251
Total other expenses 11,101 10,345
Income before income taxes 3,303 3,563
Income tax expense 634 799
Net income $ 2,669 $ 2,764
Basic and diluted earnings per share (in dollars per share) $ 1.29 $ 1.35