Note 4 - Premised and Equipment

12 Months Ended

Jun. 30, 2017

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:

	2017			2016
Land	$	1,469		$	1,469
Land improvements		340			317
Building and leasehold improvements		12,180			11,978
Furniture, fixture and equipment		5,023			4,694
Total premises and equipment		19,012			18,458
Accumulated depreciation and amortization		(5,614	)		(4,873	)
Premises and equipment, net	$	13,398		$	13,585

Depreciation expense was

$781

and

$647

for the years ended

June 30, 2017

and

2016,

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
2018	$	97
2019		50
2020		50
2021		25
Total	$	222

Rent expense incurred was

$158

and

$159

during the years ended

June 30, 2017

and

2016,

respectively.