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CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (USD $)
In Thousands, unless otherwise specified
Total
Common Stock
Treasury Stock
Additional Paid-In Capital
Retained Earnings
Accumulated Other Comprehensive Income
Unearned ESOP Shares
Balance at Jun. 30, 2011 $ 80,211 $ 63   $ 20,935 $ 61,516 $ 136 $ (2,439)
Increase (Decrease) in Shareholders' Equity              
Net income 2,818       2,818    
Other comprehensive income 166         166  
Dividends (1,201)       (1,201)    
ESOP shares earned 169     23     146
Balance at Mar. 31, 2012 82,163 63   20,958 63,133 302 (2,293)
Balance at Jun. 30, 2012 82,984 64   20,880 63,693 599 (2,252)
Increase (Decrease) in Shareholders' Equity              
Net income 2,973       2,973    
Other comprehensive income 178         178  
Purchase of 352,550 shares of treasury stock [1] (5,479)   (4) (5,475)      
Stock-based compensation expense 171     171      
Dividends [2],[3] (1,818)       (1,818)    
ESOP shares earned 198     57     141
Balance at Mar. 31, 2013 $ 79,207 $ 64 $ (4) $ 15,633 $ 64,848 $ 777 $ (2,111)
[1] On December 7, 2012, December 24, 2012, February 27, 2013 and March 4, 2013, 113,200, 50,000, 14,350 and 175,000 shares, respectively, were repurchased into the treasury. The cost of the shares was a weighted average of $15.54 per share for each purchase. The treasury stock method was used to record the repurchases.
[2] Quarterly cash dividends of $0.10 per share of common stock were declared on July 26, 2012, October 25, 2012 and January 24,2013.
[3] Cash dividends of $99 paid on unallocated ESOP shares were used to reduce the ESOP debt. As a result, additional ESOP shares were released to participants in the plan, resulting in additional compensation expense of $97.