Note 7 - Allowance for Credit Losses:

12 Months Ended

Jun. 30, 2013

Disclosure Text Block Supplement [Abstract]

Allowance for Credit Losses [Text Block]

Note 7 – Allowance for Credit Losses:

The allowance for credit losses includes amounts to cover losses related to the net investment in leases and commercial loans, transactions-in-process and unfunded loan commitments.  A summary of the allocation of the allowance for credit losses and selected statistics is as follows:

(in thousands)	June 30,
	2013			2012
Allowance for credit losses at beginning of year	$	5,216		$	5,060
Charge-off of leases		(350	)		(51	)
Charge-off of transactions-in-process		-			-
Recovery of amounts previously written off		6			207
Provision for credit losses		275			-
Allowance for credit losses at end of year	$	5,147		$	5,216
Components:
Allowance for lease losses	$	2,916		$	3,052
Residual valuation allowance		248			81
Allowance for loan losses		1,972			2,072
Allowance for losses on transactions-in-process		11			11
	$	5,147		$	5,216
Allowance for credit losses as a percent of net investment in leases and loans before allowances		1.2	%		1.5	%

In addition to the allowance for credit losses, the Company has recorded a liability for unfunded loan commitments of $25,000 at June 30, 2013 and 2012.