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Note 9: 401(k) Retirement Plan | 3 Months Ended
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Sep. 30, 2016
Notes |
Note 9: 401(k) Retirement Plan | Note 9: 401(k) Retirement Plan The Bank has a 401(k) retirement plan that covers substantially all eligible employees. The Bank makes “safe harbor” matching contributions of up to 4% of eligible compensation, depending upon the percentage of eligible pay deferred into the plan by the employee. Additional profit-sharing contributions of 4% of eligible salary were accrued for the plan year ended June 30, 2016, based on the financial performance for fiscal 2015. During the three-month period ended September 30, 2016, retirement plan expenses recognized for the Plan totaled approximately $243,000, as compared to $213,000 for the same period of the prior fiscal year.

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