PREMISES AND EQUIPMENT

12 Months Ended

Jun. 30, 2014

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment Disclosure [Text Block]

NOTE 4—PREMISES AND EQUIPMENT

Major classifications of premises and equipment were as follows as of June 30:

	2014		2013
Land	$	1,469	$	1,467
Land improvements		406		406
Building and leasehold improvements		6,141		5,046
Furniture, fixture and equipment		4,795		4,598
Total premises and equipment		12,811		11,517
Accumulated depreciation and amortization		(6,098)		(5,809)
Premises and equipment, net	$	6,713	$	5,708

Depreciation expense was $551 and $558 for the years ended June 30, 2014 and 2013, respectively.

The Corporation is obligated under non-cancelable operating leases for facilities and equipment. The approximate minimum annual rentals and commitments under these non-cancelable agreements and leases with remaining terms in excess of one year are as follows:

Twelve Months Ending June 30
2015	$	106
2016		47
2017		28
2018		17
	$	198

Rent expense incurred was $115 and $110 during the years ended June 30, 2014 and 2013, respectively.