Note 5 - Premises and Equipment

12 Months Ended

Jun. 30, 2019

Notes to Financial Statements

Property, Plant and Equipment Disclosure [Text Block]

NOTE

5

—PREMISES AND EQUIPMENT

Major classifications of premises and equipment were as follows as of

June 

30:

	201 9			201 8
Land	$	1,511		$	1,469
Land improvements		344			344
Building and leasehold improvements		13,013			12,636
Furniture, fixture and equipment		5,872			5,164
Total premises and equipment		20,740			19,613
Accumulated depreciation and amortization		(6,585	)		(6,298	)
Premises and equipment, net	$	14,155		$	13,315

Depreciation expense was

$797

and

$771

for the years ended

June 30, 2019

and

2018,

respectively.

The Corporation is obligated under non-cancelable operating leases for branch properties and equipment. Rent expense incurred was

$159

during each of the years ended

June 30, 2019

and

2018.

The approximate minimum annual rentals and commitments under these leases with remaining terms in excess of

one

year, before considering renewal options that generally are present, were as follows:

Twelve Months Ending June 30
2020	$	109
2021		106
2022		96
2023		79
Thereafter		22
Total	$	412