Employee Benefit Plans (Tables)

12 Months Ended

Jun. 30, 2014

Employee Benefit Plans [Abstract]

Change in Fair Value of Plan Assets

Information regarding the single-employer defined benefit pension plan at June 30, 2014 and 2013 is as follows:

(In thousands)
Change in projected benefit obligation:	2014			2013
Benefit obligation at beginning of period	$	4,971		$	4,597
Interest cost		223			176
Actuarial loss		297			304
Benefits paid		(180	)		(106	)
Benefit obligation at June 30		5,311			4,971
Change in fair value of plan assets:
Fair value of plan assets at beginning of period		4,637			2,983
Actual return on plan assets		430			260
Employer contributions		-			1,500
Benefits paid		(180	)		(106	)
Fair value of plan assets at June 30	$	4,887		$	4,637
Underfunded status at June 30 included in other liabilities	$	424		$	334

Schedule Of Net Periodic Pension Costs

The components of net periodic pension costs related to the defined benefit pension plan for the years ended June 30, 2014 and 2013 were as follows:

(In thousands)	2014			2013
Interest cost	$	223		$	176
Expected return on plan assets		(318	)		(201	)
Amortization of net loss		89			76
Net periodic pension (income) cost	$	(6	)	$	51

Schedule of Amounts Recognized in Other Comprehensive Income (Loss)

Changes in plan assets and benefit obligations recognized in other comprehensive loss during the years ended June 30, 2014 and 2013 consisted of the following:

(In thousands)	2014		2013
Actuarial loss on plan assets and benefit obligations	$	96	$	169
Deferred tax benefit		37		65
Net change in plan assets and benefit obligations recognized in other comprehensive income	$	59	$	104

Schedule of Amounts Recognized in Financial Condition

Amounts recognized in our consolidated statements of financial condition related to our pension plan for the years ended June 30, 2014 and 2013 are as follows:

(In thousands)
Other liabilities:	2014			2013
Projected benefit obligation in excess of fair value of pension plan	$	424		$	334
Accumulated other comprehensive income, net of taxes:
Net losses and past service liability	$	(1,235	)	$	(1,176	)

Schedule of Assumptions Used

The principal actuarial assumptions used were as follows:

Projected benefit obligation:	2014			2013
Discount rate		4.22	%		4.57	%
Net periodic pension expense:
Amortization period, in years		15			16
Discount rate		4.57	%		3.93	%
Expected long-term rate of return on plan assets		7.00	%		7.00	%

Schedule of Allocation of Plan Assets

The weighted average asset allocation and fair value of our funded pension plan at June 30, 2014 and 2013 was as follows:

(Dollars in thousands)	2014				2013
	Fair Value				Fair Value
Money market accounts	$	15	0.3	%	$	15	0.3	%
Mutual funds		4,872	99.7	%		4,622	99.7	%
Total plan assets	$	4,887	100.0	%	$	4,637	100.0	%

Schedule of Expected Benefit Payments

Expected benefit payments under the pension plan over the next ten years at June 30, 2014 are as follows:

(In thousands)
2015	$	189
2016		188
2017		220
2018		219
2019		234
2020-2024		1,233