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Fair Value Measurements and Fair Value of Financial Instruments (Tables)
 12 Months Ended
Jun. 30, 2016
Fair Value Measurements and Fair Value of Financial Instruments [Abstract]  
Fair Value, Assets Measured on Recurring Basis
For assets measured at fair value on a recurring basis, the fair value measurements by level within the fair value hierarchy used are as follows:

     
Fair Value Measurements Using
 
     
Quoted Prices
In Active Markets
For Identical
Assets
  
Significant
Other Observable
Inputs
  
Significant
Unobservable
Inputs
 
(In thousands)
 
June 30, 2016
  
(Level 1)
  
(Level 2)
  
(Level 3)
 
Assets:
            
U.S. Government sponsored enterprises
 
$
4,891
  
$
-
  
$
4,891
  
$
-
 
State and political subdivisions
  
60,499
   
-
   
60,499
   
-
 
Mortgage-backed securities-residential
  
6,540
   
-
   
6,540
   
-
 
Mortgage-backed securities-multi-family
  
23,879
   
-
   
23,879
   
-
 
Asset-backed securities
  
5
   
5
   
-
   
-
 
Corporate debt securities
  
4,157
   
4,157
   
-
   
-
 
Equity securities
  
152
   
152
   
-
   
-
 
Securities available-for-sale
 
$
100,123
  
$
4,314
  
$
95,809
  
$
-
 

     
Fair Value Measurements Using
 
     
Quoted Prices
In Active Markets
For Identical
Assets
  
Significant
Other Observable
Inputs
  
Significant
Unobservable
Inputs
 
(In thousands)
 
June 30, 2015
  
(Level 1)
  
(Level 2)
  
(Level 3)
 
Assets:
            
U.S. Government sponsored enterprises
 
$
7,855
  
$
-
  
$
7,855
  
$
-
 
State and political subdivisions
  
39,582
   
-
   
39,582
   
-
 
Mortgage-backed securities-residential
  
7,942
   
-
   
7,942
   
-
 
Mortgage-backed securities-multi-family
  
25,735
   
-
   
25,735
   
-
 
Asset-backed securities
  
9
   
9
   
-
   
-
 
Corporate debt securities
  
4,774
   
4,774
   
-
   
-
 
Equity securities
  
137
   
137
   
-
   
-
 
Securities available-for-sale
 
$
86,034
  
$
4,920
  
$
81,114
  
$
-
 
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis
Estimates of fair value used for other collateral supporting commercial loans generally are based on assumptions not observable in the marketplace and therefore such valuations have been classified as Level 3.
 
     
Fair Value Measurements Using
 
(In thousands)
 
Fair Value
  
(Level 1)
  
(Level 2)
  
(Level 3)
 
June 30, 2016
            
Impaired loans
 
$
491
  
$
-
  
$
-
  
$
491
 
Foreclosed real estate
  
370
   
-
   
-
   
370
 
                 
June 30, 2015
                
Impaired loans
 
$
922
  
$
-
  
$
-
  
$
922
 
Foreclosed real estate
  
490
   
-
   
-
   
490
 
Fair Value Inputs, Assets, Quantitative Information
The following table presents additional quantitative information about assets measured at fair value on a nonrecurring basis and for which Level 3 inputs were utilized to determine fair value:

(Dollars in thousands)
 
Fair Value
 
Valuation Technique
Unobservable Input
 
Range
  
Weighted
Average
 
June 30, 2016
           
Impaired loans
 
$
491
 
Appraisal of collateral(1)
Appraisal adjustments(2)
  
0.00%-38.85
%
  
21.01
%
        
Liquidation expenses(3)
  
0.00%-8.35
%
  
4.92
%
Foreclosed real estate
  
370
 
Appraisal of collateral(1)
Appraisal adjustments(2)
  
0.00-54.17
%
  
8.83
%
        
Liquidation expenses(3)
  
0.42%-12.67
%
  
7.81
%
June 30, 2015
              
Impaired loans
 
$
922
 
Appraisal of collateral(1)
Appraisal adjustments(2)
  
0.00%-38.85
%
  
22.81
%
        
Liquidation expenses(3)
  
0.00%-7.50
%
  
3.91
%
Foreclosed real estate
  
490
 
Appraisal of collateral(1)
Appraisal adjustments(2)
  
7.41%-54.17
%
  
24.65
%
        
Liquidation expenses(3)
  
0.42%-10.86
%
  
6.40
%
 
(1)
Fair value is generally determined through independent third-party appraisals of the underlying collateral, which generally includes various Level 3 inputs which are not observable.
(2)
Appraisals may be adjusted downwards by management for qualitative factors such as economic conditions.  Higher downward adjustments are caused by negative changes to the collateral or conditions in the real estate market, actual offers or sales contracts received or age of the appraisal.
(3)
Appraisals may be adjusted downwards by management for items such as the estimated costs to liquidate the collateral.
Carrying Amounts and Estimated Fair Value
The carrying amounts and estimated fair value of financial instruments are as follows:

(In thousands)
 
June 30, 2016
  
Fair Value Measurements Using
 
  
Carrying
Amount
  
Fair Value
  
(Level 1)
  
(Level 2)
  
(Level 3)
 
Cash and cash equivalents
 
$
15,895
  
$
15,895
  
$
15,895
  
$
-
  
$
-
 
Long term certificate of deposit
  
2,210
   
2,210
   
2,210
   
-
   
-
 
Securities available-for-sale
  
100,123
   
100,123
   
4,314
   
95,809
   
-
 
Securities held-to-maturity
  
204,935
   
214,058
   
-
   
214,058
   
-
 
Federal Home Loan Bank stock
  
2,752
   
2,752
   
-
   
2,752
   
-
 
Net loans receivable
  
522,764
   
533,721
   
-
   
-
   
533,721
 
Accrued interest receivable
  
3,610
   
3,610
   
-
   
3,610
   
-
 
Deposits
  
738,887
   
739,087
   
-
   
739,087
   
-
 
Borrowings from Federal Home Loan Bank
  
46,400
   
46,562
   
-
   
46,562
   
-
 
Accrued interest payable
  
74
   
74
   
-
   
74
   
-
 

(In thousands)
 
June 30, 2015
  
Fair Value Measurements Using
 
  
Carrying
Amount
  
Fair Value
  
(Level 1)
  
(Level 2)
  
(Level 3)
 
Cash and cash equivalents
 
$
15,538
  
$
15,538
  
$
15,538
  
$
-
  
$
-
 
Long term certificate of deposit
  
1,230
   
1,230
   
1,230
   
-
   
-
 
Securities available-for-sale
  
86,034
   
86,034
   
4,920
   
81,114
   
-
 
Securities held-to-maturity
  
169,000
   
171,976
   
-
   
171,976
   
-
 
Federal Home Loan Bank stock
  
2,494
   
2,494
   
-
   
2,494
   
-
 
Net loans receivable
  
443,496
   
450,437
   
-
   
-
   
450,437
 
Accrued interest receivable
  
3,026
   
3,026
   
-
   
3,026
   
-
 
Deposits
  
622,717
   
622,900
   
-
   
622,900
   
-
 
Borrowings from Federal Home Loan Bank
  
41,700
   
41,598
   
-
   
41,598
   
-
 
Accrued interest payable
  
64
   
64
   
-
   
64
   
-