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Consolidated Statements of Cash Flows - USD ($)
3 Months Ended 9 Months Ended 12 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Mar. 31, 2015
Mar. 31, 2014
Jun. 30, 2014
Cash Flows from Operating Activities:          
Net Income $ 615,127 $ 49,786 $ 1,117,054 $ 862,068  
Adjustment to reconcile net income to net cash provided by operating activities:          
Depreciation 83,150 65,969 235,976 206,015  
Federal Home Loan Bank stock dividends     (15,800) (15,100)  
ESOP expense     39,462 28,891 $ 39,761
Stock compensation expense     93,294    
Amortization of deferred loan origination costs, net     350,492 326,728  
Amortization of premiums and discounts     12,879 14,829  
Amortization of prepayment penalty fee     216,208 153,459  
Gain on sale of loans     (487,516) (386,786)  
(Gain) loss on sale of foreclosed assets     2,914 3,007  
Provision for loan losses     (710,837) (768,986) (681,169)
Provision for repurchase reserve     17,062    
Provision for foreclosed assets       133,570  
Deferred taxes     453,262 380,778  
Loans originated for sale     (18,541,664) (12,824,935)  
Proceeds from sale of loans     18,894,713 13,047,236  
Loss on investment from low income housing     22,500 13,500  
Changes in:          
Accrued interest receivable     (71,739) (172,060)  
Other assets     (870,518) 215,267  
Accrued interest payable and other liabilities     272,785 5,887  
Net cash provided by operating activities     1,030,527 1,223,368  
Cash Flows from Investing Activities:          
Net change in loans     (7,055,424) (17,059,409)  
Proceeds from sale of foreclosed assets, net     59,681 1,196,873  
Proceeds from maturity of time deposits with financial institutions     750,000 2,037,000  
Securities available-for-sale:          
Proceeds from calls and principal repayments     328,560 381,777  
Securities held-to-maturity          
Proceeds from calls and principal repayments     253,845 271,988  
Purchases       (3,207,404)  
Purchases of Federal Home Loan Bank stock     (13,500)    
Redemption of Federal Home Loan Bank stock     353,000 1,198,100  
Purchase of premises and equipment     (320,896) (72,314)  
Net cash used in investing activities     (5,644,734) (15,253,389)  
Cash Flows from Financing Activities:          
Net change in deposits     27,951,306 15,915,249  
Net change in federal funds purchased and securities sold under agreements to repurchase       (1,015,192)  
Proceeds from Federal Home Loan Bank borrowings     1,410,000    
Repayments of Federal Home Loan Bank borrowings     (12,394,023)    
Net change in advance payments from borrowers for taxes and insurance     105,502 90,911  
Net cash provided by financing activities     17,072,785 14,990,968  
Increase (decrease) in cash and cash equivalents     12,458,578 960,947  
Cash and Cash Equivalents, at Carrying Value [Abstract]          
Beginning     7,776,305 19,556,397 19,556,397
Ending $ 20,234,883 $ 20,517,344 20,234,883 20,517,344 $ 7,776,305
Supplemental Cash Flow Information          
Interest paid on deposits and borrowings     922,960 755,938  
Income taxes paid     $ 112,222 $ 45,874