SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Jun. 30, 2013

Schedule Of Retirement And Employee Benefit Plans [Table Text Block]

	For the fiscal year ended
	June 30,
	2013		2012

Allocated shares		97,352		122,249
Shares committed to be released		9,338		9,338
Unearned shares		159,663		178,339
Total ESOP shares		266,353		309,926

Fair value of unearned shares at end of period (dollars in thousands)	$	1,287	$	1,514

Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]

A summary of the status of the Company’s stock option plan as of June 30, 2013, and changes during the year then ended is presented below:

			Weighted-		Aggregate
			average		Intrinsic
			exercise		Value
	Shares		price		($000)

Outstanding at beginning of year		325,800	$	10.10
Granted		-		-
Exercised		-		-
Forfeited		-		-

Outstanding at end of year		325,800	$	10.10	$	-

Options exercisable at end of year		325,800	$	10.10	$	-

Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]

The factors used in the basic and diluted earnings per share computations for the fiscal years ended June 30 follow:

(in thousands)	2013		2012

Net income allocated to common shareholders, basic and diluted	$	2,916	$	1,715

	2013		2012
Basic
Weighted-average common shares outstanding		7,950,228		7,546,120

Diluted
Weighted-average common shares outstanding (diluted)		7,950,228		7,546,120

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]

The following table presents the fair value measurements of assets and liabilities measured at fair value on a recurring basis at June 30, 2013 and 2012. The securities represented are only those classified as available-for sale.

			Fair Value Measurements Using
			Quotes Prices
			in Active		Significant
			Markets for		Other		Significant
			Identical		Observable		Unobservable
			Assets		Inputs		Inputs
(in thousands)	Fair Value		(Level 1)		(Level 2)		(Level 3)

2013
Agency mortgage-backed: residential	$	166	$	—	$	166	$	—
FHLMC stock		39		—		39		—
	$	205	$	—	$	205	$	—

2012
Agency mortgage-backed: residential	$	189	$	—	$	189	$	—

Fair Value Measurements, Recurring and Nonrecurring [Table Text Block]

The following table presents the fair value measurements of assets and liabilities measured at fair value on a nonrecurring basis at June 30, 2013 and 2012.

			Fair Value Measurements Using
			Quotes Prices
			in Active		Significant
			Markets for		Other		Significant
			Identical		Observable		Unobservable
			Assets		Inputs		Inputs
(in thousands)	Fair Value		(Level 1)		(Level 2)		(Level 3)

2013
Impaired loans
One- to four-family	$	8,877	$	-	$	-	$	8,877

Other real estate owned, net
One- to four-family		633		-		-		633
Land		15		-		-		15

2012
Impaired loans
One- to four-family	$	807	$	-	$	-	$	807
Multi-family		631		-		-		631
Other real estate owned, net
One- to four-family		648		-		-		648
Multi-family		233		-		-		233

Fair Value, Assets and Liabilities Measured on Nonrecurring Basis, Valuation Techniques [Table Text Block]

The following table presents quantitative information about Level 3 fair value measurements for financial instruments measured at fair value on a non-recurring basis at June 30, 2013:

Range

Fair Value

Valuation

Unobservable

(Weighted

(in thousands)

Technique(s)

Input(s)

Average)

Impaired Loans:

Residential real estate

1-4 family

213

Sales comparison approach

Adjustments for differences between comparable sales

3.1% to 19.8% (4.3%)

Foreclosed and repossessed assets:

1-4 family

633

Sales comparison approach

Adjustments for differences between comparable sales

0.5% to 18.6% (8.6%)

Land

Sales comparison approach

Adjustments for differences between comparable sales

20.2% to 38.9% (20.8%)

Fair Value, by Balance Sheet Grouping [Table Text Block]

Based on the foregoing methods and assumptions, the carrying value and fair value of the Company’s financial instruments at June 30, 2013 and June 30, 2012 are as follows:

				Fair Value Measurements at
(in thousands)		Carrying		June 30, 2013 Using
		Value		Level 1		Level 2		Level 3		Total
Financial assets
Cash and cash equivalents	$	16,540	$	16,540					$	16,540
Available-for-sale securities		205			$	205				205
Held-to-maturity securities		12,232				12,354				12,354
Loans held for sale		196				196				196
Loans receivable - net		262,491					$	266,354		266,354
Federal Home Loan Bank stock		7,732								n/a
Accrued interest receivable		919				919				919
Financial liabilities
Deposits	$	230,981	$	75,982	$	155,537			$	231,519
Federal Home Loan Bank advances		24,310				26,019				26,019
Advances by borrowers for taxes and insurance		562					$	562		562
Accrued interest payable		36				36				36

The carrying amounts and estimated fair values of financial instruments at June 30, 2012, are as follows:

				Fair Value Measurements at June 30, 2012 Using
		Carrying
(in thousands)		Value		Level 1		Level 2		Level 3		Total

Financial assets
Cash and cash equivalents	$	5,735	$	5,735					$	5,735
Interest-earning deposits		100		100						100
Available-for-sale securities		189			$	189				189
Held-to-maturity securities		4,756				5,144				5,144
Loans held for sale		481				500				500
Loans receivable - net		182,473					$	190,354		190,354
Federal Home Loan Bank stock		5,641								n/a
Accrued interest receivable		497				497				497

Financial liabilities
Deposits	$	134,552	$	51,069	$	83,906			$	134,975
Federal Home Loan Bank advances		27,065				29,429				29,429
Advances by borrowers for taxes and insurance		487					$	487		487
Accrued interest payable		64				64				64

Loans outstanding to executive officers, directors, significant shareholders and their affiliates (related parties) at June 30, 2013 and 2012 are summarized as follows:

(in thousands)	2013			2012

Outstanding principal, beginning of year	$	797		$	865
Changes in composition of related parties		339			—
Principal disbursed during the year		232			53
Principal repaid and refinanced during the year		(122	)		(121	)
Outstanding principal, end of year	$	1,246		$	797

- Definition

Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances.

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- Definition

Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities.

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