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Note 21: Condensed Parent Company Only Financial Statements: Condensed Income Statement (Tables) | 12 Months Ended
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Jun. 30, 2013
Tables/Schedules |
Condensed Income Statement |
| Year ended June 30,
Condensed Statements of Income and Comprehensive Income | 2013 | 2012 | 2011
Interest income | $311,013 | $110,741 | $17,438
Interest expense | 227,127 | 232,154 | 226,776
Net interest income (expense) | 83,886 | (121,413) | (209,338)
Dividends from Bank | 3,000,000 | 2,700,000 | 2,000,000
Operating expenses | 368,747 | 410,759 | 325,857
Income before income taxes and equity |  |  |
in undistributed income of the Bank | 2,715,139 | 2,167,828 | 1,464,805
Income tax benefit | 107,000 | 199,000 | 170,100
Income before equity in undistributed |  |  |
income of the Bank | 2,822,139 | 2,366,828 | 1,634,905
Equity in undistributed income of the Bank | 7,245,076 | 7,731,435 | 9,835,126
NET INCOME | $10,067,215 | $10,098,263 | $11,470,031
COMPREHENSIVE INCOME | $9,188,374 | $10,262,544 | $11,417,687

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