INCOME TAXES (Tables)

12 Months Ended

Jun. 30, 2015

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

The provision for income taxes consists of the following for the years ended June 30:

	2015		2014
Current income taxes	$	740	$	627
Deferred income tax expense (benefit)		(22)		27
	$	718	$	654

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

The net deferred income tax asset consists of the following components at June 30:

	2015		2014
Deferred tax assets:
Allowance for loan losses	$	704	$	698
Deferred compensation		707		645
Recognized loss on impairment of security		265		265
Intangibles		—		22
OREO deferred gain		14		15
Non-accrual loan interest income		65		100
Gross deferred tax asset		1,755		1,745

Deferred tax liabilities:
Depreciation		(223)		(288)
Loan fees		(248)		(223)
Prepaid expenses		(121)		(94)
FHLB stock dividends		(166)		(165)
Net unrealized securities gain		(463)		(661)
Gross deferred tax liabilities		(1,221)		(1,431)
Net deferred asset	$	534	$	314

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

The difference between the provision for income taxes and amounts computed by applying the statutory income tax rate of 34% to statutory income before taxes consists of the following for the years ended June 30:

	2015		2014
Income taxes computed at the statutory rate on pretax income	$	1,250	$	1,187
Tax exempt income		(483)		(483)
Cash surrender value income		(62)		(61)
Other		13		11
	$	718	$	654