Note 4 - Premises and Equipment

12 Months Ended

Jun. 30, 2018

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:

	201 8			201 7
Land	$	1,469		$	1,469
Land improvements		344			340
Building and leasehold improvements		12,636			12,180
Furniture, fixture and equipment		5,164			5,023
Total premises and equipment		19,613			19,012
Accumulated depreciation and amortization		(6,298	)		(5,614	)
Premises and equipment, net	$	13,315		$	13,398

Depreciation expense was

$771

and

$781

for the years ended

June 30, 2018

and

2017,

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
2019	$	83
2020		85
2021		78
2022		71
Thereafter		65
Total	$	382

Rent expense incurred was

$159

and

$158

during the years ended

June 30, 2018

and

2017,

respectively.