XML 26 R15.htm IDEA: XBRL DOCUMENT v3.5.0.2
Note 9: 401(k) Retirement Plan
3 Months Ended
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.