Note 10 - Deposits

12 Months Ended

Jun. 30, 2016

Deposit Liabilities Disclosures [Text Block]

Note 10 – Deposits

The composition of deposits is as follows:

	June 30, 2016				June 30, 2015
	(dollars in thousands)
Non-interest bearing deposits
Demand deposits	$	2,181	0.34	%	$	2,193	0.5	%

Interest-bearing deposits
Demand		1,298	0.21	%		2,715	0.6	%
Savings and money market		78,510	12.40	%		65,539	13.9	%
Time certificates of deposits		551,158	87.05	%		401,459	85.0	%
Total Deposits	$	633,147	100.00	%	$	471,906	100.0	%

Included in savings and money market deposits at June 30, 2016 is a deposit in the amount of $20.2 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 more than $250,000 were $128.0 million and $82.2 million at June 30, 2016 and 2015, respectively.

At June 30, 2016, the scheduled maturities of time certificates of deposit are as follows:

Years Ending:	(in thousands)
2017	$	440,636
2018		89,521
2019		21,001
Total time certificates of deposit	$	551,158