Note 9 - Income Taxes (Tables)

12 Months Ended

Jun. 30, 2018

Notes Tables

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

	201 8		201 7
Current income taxes	$	687	$	513
Deferred income tax expense		114		128
Change in corporate tax rate		348		—
Total income tax expense	$	1,149	$	641

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

	201 8			201 7
Deferred tax assets:
Allowance for loan losses	$	632		$	919
Deferred compensation		514			771
Recognized loss on impairment of security		164			265
AMT credit carryforward		—			220
Deferred income		68			131
Other real estate owned write down		—			10
Non-accrual loan interest income		42			58
Net unrealized securities loss		435			—
Gross deferred tax asset		1,855			2,374
Deferred tax liabilities:
Depreciation		(489	)		(788	)
Loan fees		(238	)		(320	)
FHLB stock dividends		(102	)		(166	)
Prepaid expenses		(56	)		(89	)
Net unrealized securities gain		—			(229	)
Gross deferred tax liabilities		(885	)		(1,592	)
Net deferred asset	$	970		$	782

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

	201 8			201 7
Income taxes computed at the statutory rate on pretax income	$	1,303		$	1,236
Tax exempt income		(408	)		(498	)
Cash surrender value income		(75	)		(83	)
Tax credit		(27	)		(25	)
Change in corporate tax rate		348			—
Other		8			11
Total income tax expense	$	1,149		$	641