Comprehensive (Loss) Income

9 Months Ended

Mar. 31, 2012

Comprehensive (Loss) Income [Abstract]

Comprehensive Income (Loss)

NOTE 9 – Comprehensive Income (Loss)

Comprehensive income (loss) includes net income and any changes in equity from non-owner sources that are not recorded in the income statement (such as changes in the net unrealized gains (losses) on securities).  The Company’s only component of other comprehensive income (loss) is the net unrealized gain (loss) on securities and is presented below with related tax effects.

	Nine Months Ended
	March 31,
	2012			2011
	(in thousands)
Net Income	$	852		$	1,199
Other comprehensive income
Net unrealized holding gains on available-for-sale securities		905			3,749
Reclassification adjustment for losses realized in income on available-for-sale securities		1,270			357
Non credit portion of other-than-temporary losses on available-for-sale securities		(1,916	)		(1,606	)
Other comprehensive income before tax		259			2,500
Income tax expense related to other comprehensive income		(88	)		(850	)
Other comprehensive income net of tax		171			1,650
Total comprehensive income	$	1,023		$	2,849