Note 9 - Income Taxes (Tables)

12 Months Ended

Jun. 30, 2017

Notes Tables

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

	2017		2016
Current income taxes	$	513	$	421
Deferred income tax expense (benefit)		128		(142	)
	$	641	$	279

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

	2017			2016
Deferred tax assets:
Allowance for loan losses	$	919		$	1,082
Deferred compensation		771			721
Recognized loss on impairment of security		265			265
AMT credit carryforward		220			143
Deferred income		119			140
Other real estate owned deferred gain		12			13
Other real estate owned write down		10			—
Non-accrual loan interest income		58			72
Gross deferred tax asset		2,374			2,436
Deferred tax liabilities:
Depreciation		(788	)		(761	)
Loan fees		(320	)		(279	)
Prepaid expenses		(89	)		(91	)
FHLB stock dividends		(166	)		(166	)
Net unrealized securities gain		(229	)		(1,231	)
Gross deferred tax liabilities		(1,592	)		(2,528	)
Net deferred asset (liability)	$	782		$	(92	)

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

	2017			2016
Income taxes computed at the statutory rate on pretax income	$	1,236		$	825
Tax exempt income		(498	)		(491	)
Cash surrender value income		(83	)		(65	)
Tax credit		(25	)		—
Other		11			10
	$	641		$	279