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17. Parent Company Financial Information | 12 Months Ended
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Jun. 30, 2013
Notes |
17. Parent Company Financial Information | 17. Parent Company Financial Information The Company’s principal asset is its investment in its subsidiary, the Bank. The following presents condensed financial information of the Company as of June 30, 2013. Since the Company became the holding company of the Bank in July 2012, prior years are not applicable. Condensed balance sheet
| June 30,
|  | 2013
Assets |  |
Cash | $ | 43,045
Certificates of deposit in other banks |  | 10,197
Total loans |  | 23,947
Allowance for loan losses |  | (224)
Net loans |  | 23,723
Real estate owned |  | 3,529
Investment in bank subsidiary |  | 276,669
ESOP loan receivable |  | 10,152
Other assets |  | 602
Total Assets | $ | 367,917
Liabilities and Stockholders’ Equity |  |
Other liabilities |  | 402
Stockholders’ Equity |  | 367,515
Total Liabilities and Stockholders’ Equity | $ | 367,917
Condensed statement of income
| June 30,
|  | 2013
Income |  |
Interest income | $ | 1,615
Other income |  | 8
Equity earnings in Bank subsidiary |  | 10,123
Total income |  | 11,746
Expense |  |
Management fee expense |  | 354
Real estate owned expense |  | 195
Loss on sale and impairment of real estate owned |  | 638
Provision for loan losses |  | 1,300
Other expense |  | 47
Total expense |  | 2,534
Income Before Income Taxes |  | 9,212
Income Tax Expense |  | 159
Net Income | $ | 9,053
Condensed statement of cash flows
| June 30,
|  | 2013
Operating Activities: |  |
Net income | $ | 9,053
Adjustments to reconcile net income to net cash provided by operating activities: |  |
Provision for loan losses |  | 1,300
Loss on sale and impairment of real estate owned |  | 638
Increase in accrued interest receivable and other assets |  | (602)
Equity in undistributed income of Bank |  | (10,123)
ESOP compensation expense |  | 749
Restricted stock and stock option expense |  | 1,113
Increase in other liabilities |  | 402
Net cash provided by operating activities |  | 2,530
Investing Activities: |  |
Purchase of certificates of deposit in other banks |  | (10,446)
Maturities of certificates of deposit in other banks |  | 249
Purchase of loans from Bank subsidiary |  | (32,332)
Repayment of loans |  | 7,149
Purchase of real estate owned from Bank subsidiary |  | (5,892)
Capital improvements to real estate owned |  | (240)
Increase in investment in Bank subsidiary |  | (104,851)
ESOP loan |  | (10,580)
ESOP principal payments received |  | 428
Proceeds from sale of real estate owned |  | 2,125
Net cash used in investing activities |  | (154,390)
Financing Activities: |  |
Proceeds from stock conversion |  | 208,204
Common stock repurchased |  | (13,299)
Net cash provided by financing activities |  | 194,905
Net Increase in Cash and Cash Equivalents |  | 43,045
Cash and Cash Equivalents at Beginning of Period |  | -
Cash and Cash Equivalents at End of Period{end} | $ | 43,045

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- Definition The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 06 -Article 9 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e24072-122690 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=7656940&loc=d3e5283-111683 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Article 12 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Paragraph c -Article 5 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 05 -Paragraph c -Article 7 + Details
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