Note 10 - Deposits

12 Months Ended

Jun. 30, 2017

Notes to Financial Statements

Deposit Liabilities Disclosures [Text Block]

Note

10

– Deposits

:

The composition of deposits is as follows:

	June 30, 2017				June 30, 2016
	(dollars in thousands)
Non-interest bearing deposits
Demand deposits	$	4,855	1.0	%	$	2,181	0.3	%
Interest-bearing deposits
Demand		1,356	0.3	%		1,298	0.2	%
Savings and money market		84,656	18.1	%		78,510	12.4	%
Time certificates of deposits		377,767	80.6	%		551,158	87.1	%
Total Deposits	$	468,634	100.0	%	$	633,147	100.0	%

Included in savings and money market deposits at

June 30, 2017

is a deposit in the amount of

$487,000

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

$96.5

million and

$128.0

million at

June 30, 2017

and

2016,

respectively.

At

June 30, 2017,

the scheduled maturities of time certificates of deposit are as follows:

Years Ending:	(in thousands)
2018	$	328,330
2019		43,241
2020		6,196
Total time certificates of deposit	$	377,767