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Dividends
3 Months Ended
Sep. 30, 2014
Dividends [Abstract]  
Dividends
(8)            Dividends

On July 15, 2014, the Board of Directors declared a cash dividend for the quarter ended June 30, 2014 of $0.18 per share on Greene County Bancorp, Inc.’s common stock.  The dividend reflects an annual cash dividend rate of $0.72 per share, compared to an annual cash dividend rate of $0.70 declared during the previous quarter.  The dividend was payable to stockholders of record as of August 15, 2014, and was paid on August 29, 2014.  The MHC has waived its right to receive dividends declared on its shares of the Company’s common stock for the quarter ended June 30, 2014.  The MHC received the approval of its members (depositors of The Bank of Greene County) and the non-objection of the Federal Reserve Bank of Philadelphia, to waive the MHC’s receipt of quarterly cash dividends aggregating up to $0.80 per share to be declared by the Company for the four quarters ending December 31, 2014. The waiver of dividends beyond this date are subject to the MHC obtaining approval of its members at a special meeting of members and receive the non-objection of the Federal Reserve Bank of Philadelphia for such dividend waivers for the 12 months subsequent to the approval. Therefore, its ability to waive its right to receive dividends beyond this date cannot be reasonably determined at this time.