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Stock Based Compensation (Tables)
12 Months Ended
Jun. 30, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of weighted average assumptions for option awards

 

   2016   2015 
Dividend yield   3.99%   3.85%
Expected stock price volatility   27.80%   31.27%
Risk-free interest rate   1.20%   1.34%
Expected option life (in years)   4.2   yrs   4.1   yrs
Weighted average fair value per share          
   of options granted during the period  $3.866   $4.616 

 

Schedule of stock option activity

 

   Employee Stock Options Plan
         Weighted   
   Number of  Weighted  Average   
   Shares  Average  Remaining  Aggregate
   Subject  Exercise  Contractual  Intrinsic
   to Option  Price  Term  Value
Balance at July 1, 2015   187,500   $23.38    6.26      
Granted   3,000   $25.12    9.69      
Exercised   (16,300)  $18.22          
Forfeited or expired   (3,750)  $26.02          
Outstanding at June 30, 2016   170,450   $23.84    5.73   $469,132 
Vested or expected to vest at June 30, 2016   163,794   $23.75    5.60   $457,193 
Exercisable at June 30, 2016   124,650   $23.00    4.56   $469,132 

 

Schedule of changes in non-vested stock options

 

   Weighted     
   Number of   Average 
   Shares   Grant Date 
   Subject   Fair Value 
   to Option   (per Option) 
Non-Vested at July 1, 2015   69,300   $4.310 
Granted   3,000    3.866 
Vested   (25,250)   3.777 
Forfeited or expired   (1,250)   4.710 
Non-Vested at June 30, 2016   45,800   $4.564