Condensed Parent Information (Tables)

12 Months Ended

Jun. 30, 2015

Condensed Financial Statements of Parent Company

Condensed Financial Information Balance Sheet

	June 30, 2015		June 30, 2014
	(Dollars in thousands)
Balance Sheets
Assets:
Cash	$	13,251	$	19,547
Investment in subsidiary		109,275		100,949
Investment in common securities of affiliated trusts		496		496
Other assets		434		1,843
Total assets	$	123,456	$	122,835
Liabilities and Stockholders' Equity:
Junior subordinated debentures issued to affiliated trusts	$	8,626	$	8,440
Other liabilities		1,991		2,329
Total liabilities		10,617		10,769
Stockholders' equity		112,839		112,066
Total liabilities and stockholders' equity	$	123,456	$	122,835

Condensed Financial Information Statements of Income

	Year Ended June 30,
	2015			2014
	(Dollars in thousands)
Statements of Income
Income:
Dividends from banking subsidiary	$	—		$	—
Other income		14			13
Total income		14			13
Expenses:
Interest expense		718			764
General and administrative expenses		1,128			1,068
Total expenses		1,846			1,832
Loss before income taxes and equity in undistributed earnings of subsidiary		(1,832	)		(1,819	)
Income tax benefit		(684	)		(390	)
(Loss) income before equity in undistributed earnings of subsidiary		(1,148	)		(1,429	)
Equity in undistributed earnings of subsidiary		8,289			4,121
Net income	$	7,141		$	2,692

Condensed Financial Information Statements of Cash Flow

	Year Ended June 30,
	2015			2014
	(Dollars in thousands)
Statements of Cash Flows
Operating activities:
Net income	$	7,141		$	2,692
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Amortization of fair value adjustment for borrowings		186			172
Stock-based compensation		705			686
Equity in undistributed earnings of subsidiary		(8,289	)		(4,121	)
Increase in other assets and liabilities		1,029			(503	)
Net cash provided by (used in) operating activities		772			(1,074	)
Investing activities:
Increase in investment of bank subsidiary		—			—
Net cash used in investing activities		—			—
Financing activities:
Repurchase of common stock		(6,666	)		(2,823	)
Dividends paid to stockholders		(402	)		(2,922	)
Net cash used in financing activities		(7,068	)		(5,745	)
Net decrease in cash		(6,296	)		(6,819	)
Cash, beginning of year		19,547			26,366
Cash, end of year	$	13,251		$	19,547