Premises and Equipment

12 Months Ended

Jun. 30, 2015

Premises and Equipment

Premises and Equipment

4. Premises and Equipment

        Premises and equipment consists of the following:

	June 30, 2015		June 30, 2014		Estimated Useful Life
	(Dollars in thousands)				(In years)
Land	$	804	$	940	n/a
Buildings		1,760		2,119	39
Assets recorded under capital lease		1,850		1,850	Term of lease
Leasehold and building improvements		3,051		2,330	5 - 39 (or term of lease, if shorter)
Furniture, fixtures and equipment		7,745		7,286	3 - 7
		15,210		14,525
Less accumulated depreciation		6,957		5,390
Net premises and equipment	$	8,253	$	9,135

        Depreciation and amortization of premises and equipment included in occupancy and equipment expense was $1.7 million for the year ended June 30, 2015 and $2.0 million for the year ended June 30, 2014.