Note 10 - Deposits:

12 Months Ended

Jun. 30, 2012

Deposit Liabilities Disclosures [Text Block]

Note 10 – Deposits:

The composition of deposits is as follows:

	June 30, 2012				June 30, 2011
	(dollars in thousands)
Non-interest bearing deposits
Demand deposits	$	1,564	0.6	%	$	2,808	1.0	%
Interest-bearing deposits
Demand deposits		2,672	1.0	%		1,523	0.6	%
Savings deposits		74,921	29.6	%		84,302	30.7	%
Time certificates of deposits		174,140	68.8	%		186,142	67.7	%
Total Deposits	$	253,297	100.0	%	$	274,775	100.0	%

Included in savings deposits at June 30, 2012 is a deposit in the amount of $11.5 million from an affiliate, as defined in Rule 12b-2 of the Securities Exchange Act of 1934, of the Company.  The terms of such account are the same terms offered on similar accounts to non-affiliated depositors.

Time certificates of deposits with balances of $100,000 or more amounted to $128.8 million and $131.6 million at June 30, 2012 and 2011, respectively.  Interest expense on such deposits amounted to $1.6 million, $1.7 million and $2.1 million for the years ended June 30, 2012, 2011 and 2010, respectively.

At June 30, 2012, the scheduled maturities of time certificates of deposit are as follows:

Years Ending:	(in thousands)
2013	$	141,096
2014		23,333
2015		9,711
Thereafter		-
Total time certificates of deposit	$	174,140