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Note 7: Securities Sold Under Agreements To Repurchase | 12 Months Ended
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Jun. 30, 2014
Notes |
Note 7: Securities Sold Under Agreements To Repurchase | NOTE 7: Securities Sold Under Agreements to Repurchase Securities sold under agreements to repurchase, which are classified as borrowings, generally mature within one to four days. The following table presents balance and interest rate information on the securities sold under agreements to repurchase. The market value of the securities underlying the agreements at June 30, 2014 and 2013, was $25.6 million and $30.2 million, respectively. The securities sold under agreements to repurchase are under the Company’s control.
| June 30,
| 2014 | 2013
Year-end balance | $25,561,086 | $27,788,192
Average balance during the year | 24,491,663 | 27,359,043
Maximum month-end balance during the year | 26,897,245 | 30,945,264
Average interest during the year | 0.54% | 0.74%
Year-end interest rate | 0.50% | 0.58%

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