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Property and Equipment

12 Months Ended

Jun. 30, 2014

Property, Plant and Equipment [Abstract]

PROPERTY AND EQUIPMENT

Property and equipment are composed of the following:



	June 30,
(dollars in thousands)	2014			2013
Building and land	$	4,608		$	4,608
Furniture, equipment, and other	2,795			1,415
	7,403			6,023
Accumulated depreciation	(4,379		)	(2,938		)
Net property and equipment	$	3,024		$	3,085

Depreciation expense totaled $255,000; $275,000; and $282,000 in 2014, 2013, and 2012, respectively.

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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