Employee Stock Ownership Plan (ESOP) (Tables)

6 Months Ended

Dec. 31, 2012

A summary of ESOP shares at December 31, 2012 and June 30, 2012 are as follows (dollars in thousands):


	December 31, 2012		June 30, 2012
Allocated shares		19,245		—
Shares committed for release		9,622		19,245
Unearned shares		356,033		365,655

Total ESOP shares		384,900		384,900

Fair value of unearned ESOP shares (1)	$	4,913	$	4,841

(1)	Based on closing price of $13.80 and $13.24 per share on December 31, 2012, and June 30, 2012, respectively.

- Definition

Tabular disclosure of the description of the plan, the basis for determining contributions, including the employee groups covered, and the nature and effect of significant matters affecting comparability of information for all periods presented. For leveraged ESOPs and pension reversion ESOPs, the disclosure may include the basis for releasing shares and how dividends on allocated and unallocated shares are used. Disclosure may also include a description of the accounting policies followed for ESOP transactions, including the method of measuring compensation, the classification of dividends on ESOP shares, and the treatment of ESOP shares for EPS computations. If the employer has both old ESOP shares for which it does not adopt the latest guidance and new ESOP shares for which the new guidance is required, the accounting policies for both blocks of shares may be described. Disclosure may also include he amount of compensation cost recognized during the period, the number of allocated shares, committed-to-be-released shares, and suspense shares held by the ESOP at the balance-sheet date, the fair value of unearned ESOP shares at the balance-sheet date for shares accounted for under the latest guidance, the existence and nature of any repurchase obligation, including disclosure of the fair value of the shares allocated as of the balance sheet date, which are subject to a repurchase obligation.

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