Income Taxes (Tables)

12 Months Ended

Jun. 30, 2014

Income Tax Disclosure [Abstract]

Schedule of Tax Provision by Jurisdiction Category and Classification

Allocation of the federal and state income taxes between current and deferred portions is as follows:

	Years Ended June 30,
	2014		2013			2012
	(In Thousands)
Current tax provision:
Federal	$	1,672	$	1,564		$	452
State	350		392			35
	2,022		1,956			487
Deferred tax provision (benefit):
Federal	398		610			1,019
State	124		(54		)	252
	522		556			1,271
Change in valuation allowance	—		(735		)	25
	522		(179		)	1,296
Total tax provision	$	2,544	$	1,777		$	1,783

Schedule of Effective Income Tax Rate Reconciliation

The reasons for the differences between the statutory federal income tax rate and the effective tax rates are summarized as follows:

	Years Ended June 30,
	2014		2013		2012
Statutory tax rate	34.0	%	34.0	%	34.0	%
Increase (decrease) resulting from:
State taxes, net of federal tax benefit	4.4		4.7		3.9
Tax exempt income	(0.8	)	(0.6	)	(0.6	)
Bank-owned life insurance	(2.4	)	(3.8	)	(3.2	)
Change in valuation allowance assumptions, net of carryover expiration	—		0.7		0.5
Stock options	(0.2	)	1.3		1.8
Other, net	1.0		1.1		0.8
Effective income tax rate	36.0	%	37.4	%	37.2	%

Schedule of Deferred Tax Assets and Liabilities

The components of the net deferred tax asset are as follows:

	June 30,
	2014			2013
	(In Thousands)
Deferred tax assets:
Federal	$	3,923		$	4,297
State	1,132			1,257
	5,055			5,554
Deferred tax liabilities:
Federal	(689		)	(786		)
State	(184		)	(184		)
	(873		)	(970		)
Net deferred tax asset	$	4,182		$	4,584

Schedule of Components of Deferred Taxes

The tax effects of each item that give rise to deferred taxes are as follows:

	June 30,
	2014			2013
	(In Thousands)
Non-accrued interest income	$	158		$	64
Net unrealized gain on securities available for sale	(75		)	(195		)
Depreciation	439			547
Mortgage servicing rights	(316		)	(261		)
Allowance for loan losses	2,345			2,261
Employee benefit plans	1,771			2,234
Other-than-temporary impairment of securities	—			91
Other, net	(140		)	(157		)
Net deferred tax asset	$	4,182		$	4,584