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Note 10 - Deposits:

12 Months Ended

Jun. 30, 2013

Deposit Liabilities Disclosures [Text Block]

Note 10 – Deposits:

The composition of deposits is as follows:

	June 30, 2013				June 30, 2012
	(dollars in thousands)
Non-interest bearing deposits
Demand deposits	$	1,402	0.4	%	$	1,564	0.6	%

Interest-bearing deposits
Demand deposits		2,205	0.6	%		2,672	1.0	%
Savings deposits		68,339	19.8	%		74,921	29.6	%
Time certificates of deposits		274,082	79.2	%		174,140	68.8	%
Total Deposits	$	346,028	100.0	%	$	253,297	100.0	%

Included in savings deposits at June 30, 2013 is a deposit in the amount of $11.2 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 $250,000 or more amounted to $57.4 million and $30.7 million at June 30, 2013 and 2012, respectively.

At June 30, 2013, the scheduled maturities of time certificates of deposit are as follows:

Years Ending:	(in thousands)
2014	$	190,168
2015		54,770
2016		29,144
Thereafter		-
Total time certificates of deposit	$	274,082

- Definition

The entire disclosure for deposit liabilities including data and tables. It may include a description of the entity's deposit liabilities, the aggregate amount of time deposits (including certificates of deposit) in denominations of $100,000 or more at the balance sheet date; the aggregate amount of any demand deposits that have been reclassified as loan balances, such as overdrafts, at the balance sheet date; deposits that are received on terms other than those in the normal course of business, the amount of accrued interest on deposit liabilities; securities, mortgage loans or other financial instruments that serve as collateral for deposits; for time deposits having a remaining term of more than one year, the aggregate amount of maturities for each of the five years following the balance sheet date; and the weighted average interest rate for all deposit liabilities held by the entity.

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