Employee Benefit Plans (Tables)

12 Months Ended

Jun. 30, 2017

Employee Benefit Plans [Abstract]

Information Regarding Single-Employer Defined Benefit Pension Plan

Information regarding the single-employer defined benefit pension plan at June 30, 2017 and 2016 is as follows:

(In thousands)
Change in projected benefit obligation:	2017			2016
Benefit obligation at beginning of year	$	6,171		$	5,457
Interest cost		215			232
Actuarial (gain) loss		(298	)		695
Benefits paid		(221	)		(213	)
Benefit obligation at June 30		5,867			6,171
Change in fair value of plan assets:
Fair value of plan assets at beginning of year		4,391			4,481
Actual return on plan assets		312			123
Employer contributions		576			-
Benefits paid		(221	)		(213	)
Fair value of plan assets at June 30		5,058			4,391
Underfunded status at June 30 included in other liabilities	$	809		$	1,780

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, 2017 and 2016 were as follows:

(In thousands)	2017			2016
Interest cost	$	215		$	232
Expected return on plan assets		(231	)		(307	)
Amortization of net loss		197			135
Net periodic pension cost	$	181		$	60

Schedule of Amounts Recognized in Other Comprehensive Loss

Changes in plan assets and benefit obligations recognized in other comprehensive loss during the years ended June 30, 2017 and 2016 consisted of the following:

(In thousands)		2017			2016
Actuarial gain (loss) on plan assets and benefit obligations	$	576		$	(744	)
Deferred tax (expense) benefit		( 233	)		288
Net change in plan assets and benefit obligations recognized in other comprehensive income	$	343		$	(456	)

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, 2017 and 2016 are as follows:

(In thousands)
Other liabilities:		2017			2016
Projected benefit obligation in excess of fair value of pension plan	$	809		$	1,780
Accumulated other comprehensive loss, net of taxes:
Net losses and past service liability	$	(1,604	)	$	(1,947	)

Schedule of Assumptions Used

The principal actuarial assumptions used were as follows:

Projected benefit obligation:	2017			2016
Discount rate		3.81	%		3.55	%
Net periodic pension expense:
Amortization period, in years		12			13
Discount rate		3.55	%		4.32	%
Expected long-term rate of return on plan assets		5.00	%		7.00	%

Schedule of Allocation of Plan Assets

The weighted average asset allocation and fair value of our funded pension plan at June 30, 2017 and 2016 was as follows:

(Dollars in thousands)	2017 Fair Value				2016 Fair Value
Money market accounts	$	-	-	%	$	16	0.4	%
Mutual funds		5,058	100.0			4,375	99.6
Total plan assets	$	5,058	100.0	%	$	4,391	100.0	%

Schedule of Expected Benefit Payments

Expected benefit payments under the pension plan over the next ten years at June 30, 2017 are as follows:

(In thousands)
2018	$	225
2019		223
2020		223
2021		222
2022		227
2023-2027		1,209