INCOME TAXES (Tables)

12 Months Ended

Jun. 30, 2015

INCOME TAXES

Schedule of income tax expense

​	June 30, 2015			June 30, 2014
Current federal expense	​	$	619	​	$	2,023
Current state expense	​	​	148	​	​	389
Deferred federal expense (benefit)	​	​	1,551	​	​	(305)
Deferred state expense (benefit)	​	​	372	​	​	(57)
Total	​	$	2,690	​	$	2,050

Schedule of temporary differences between tax and financial reporting that result in net deferred tax assets (liabilities)

​	June 30, 2015			June 30, 2014
Deferred tax assets:	​			​
Deferred compensation	​	$	281	​	$	295
Fair value adjustments from acquisition	​	​	3,047	​	​	—
Acquired net operating loss (“NOL”)	​	​	139	​	​	—
Allowance for loan losses	​	​	382	​	​	325
Equity compensation plans	​	​	327	​	​	203
Securities available-for-sale	​	​	15	​	​	93
Real estate owned	​	​	—	​	​	55
Other	​	​	96	​	​	147
Total deferred tax assets	​	​	4,287	​	​	1,118
Deferred tax liabilities:	​			​
FHLB stock dividends	​	​	(82)	​	​	(82)
Deferred loan fees, net	​	​	(234)	​	​	(251)
Prepaid expenses	​	​	(126)	​	​	(68)
Real estate owned	​	​	(16)	​	​	—
Basis difference in premises and equipment	​	​	(63)	​	​	(67)
Total deferred tax liabilities	​	​	(521)	​	​	(468)
Net deferred tax asset	​	$	3,766	​	$	650

Schedule of reconciliation of the amount computed by applying the federal statutory rate to pretax income with income tax expense (benefit)

​	June 30, 2015					June 30, 2014
​	Amount			%		Amount			%
Tax at statutory federal income tax rate	​	$	2,449	​	34.00%	​	$	1,937	​	34.00%
Increase (decrease) resulting from:	​	​	​	​	​	​	​	​	​	​
State income tax expense	​	​	293	​	4.07	​	​	219	​	3.84
Life insurance benefits	​	​	(97)	​	(1.35)	​	​	(105)	​	(1.84)
Tax exempt interest income	​	​	(56)	​	(0.77)	​	​	(6)	​	(0.11)
Acquisition related costs	​	​	96	​	1.34	​	​	—	​	0.00
Other – net	​	​	5	​	0.07	​	​	5	​	0.08
Total	​	$	2,690	​	37.36%	​	$	2,050	​	35.97%