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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2017
Jun. 30, 2016
ASSETS    
Cash on hand and noninterest-bearing deposits in financial institutions $ 10,068 $ 8,164
Federal funds sold and interest-bearing deposits in financial institutions 2,162 2,017
Total cash and cash equivalents 12,230 10,181
Certificates of deposit in other financial institutions 4,166 5,906
Securities, available-for-sale 130,871 133,369
Securities, held-to-maturity (fair value of $4,335 at March 31, 2017 and $3,619 at June 30, 2016) 4,296 3,494
Federal bank and other restricted stocks, at cost 1,396 1,396
Loans held for sale 811 1,048
Total loans 272,325 256,278
Less allowance for loan losses (3,371) (3,566)
Net loans 268,954 252,712
Cash surrender value of life insurance 8,997 6,819
Premises and equipment, net 13,279 13,585
Accrued interest receivable and other assets 3,177 1,880
Total assets 448,177 430,390
LIABILITIES    
Non-interest bearing demand 103,175 98,224
Interest bearing demand 51,740 48,810
Savings 145,069 134,606
Time 66,865 65,008
Total deposits 366,849 346,648
Short-term borrowings 21,901 19,129
Federal Home Loan Bank advances 13,335 17,281
Accrued interest and other liabilities 3,433 3,539
Total liabilities 405,518 386,597
Commitments and contingent liabilities
SHAREHOLDERS’ EQUITY    
Preferred stock (no par value, 350,000 shares authorized, none outstanding) 0 0
Common stock (no par value, 3,500,000 shares authorized; 2,854,133 shares issued as of March 31, 2017 and June 30, 2016) 14,630 14,630
Retained earnings 29,644 28,432
Treasury stock, at cost (130,606 and 130,375 common shares as of March 31, 2017 and June 30, 2016, respectively) (1,662) (1,658)
Accumulated other comprehensive income 47 2,389
Total shareholders’ equity 42,659 43,793
Total liabilities and shareholders’ equity $ 448,177 $ 430,390