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Note 4: Loans and Allowance For Loan Losses: Purchased Credit Impaired Loans Policy (Policies) | 3 Months Ended
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Dec. 31, 2014
Policies |
Purchased Credit Impaired Loans Policy | The above amounts include purchased credit impaired loans. At December 31, 2014, purchased credited impaired loans comprised $5.5 million of loans rated “Pass”; $6.8 million of loans rated “Watch”; no loans rated “Special Mention”; $7.7 million of loans rated “Substandard”; and no loans rated “Doubtful”. At June 30, 2014, purchased credit impaired loans accounted for $409,000 of loans rated “Pass”; no loans rated “Watch”; no loans rated “Special Mention”; $2.7 million of loans rated “Substandard”; and no loans rated “Doubtful”.

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