LOANS AND RELATED ALLOWANCE FOR LOAN LOSSES (Tables)

3 Months Ended

Sep. 30, 2012

LOANS AND RELATED ALLOWANCE FOR LOAN LOSSES [Abstract]

Schedule of Primary Segments of Loan Portfolio

September 30, 2012								June 30, 2012
	Total Loans			Individually evaluated for impairment		Collectively evaluated for impairment			Total Loans			Individually evaluated for impairment		Collectively evaluated for impairment
	(Dollars in Thousands)
First mortgage loans:
1 - 4 family dwellings	$	12,978		$	-	$	12,978		$	13,514		$	-	$	13,514
Construction		4,886			701		4,185			4,997			701		4,296
Land acquisition & development		1,987			-		1,987			2,029			-		2,029
Multi-family dwellings		5,010			-		5,010			5,083			-		5,083
Commercial		7,852			-		7,852			7,623			-		7,623
Consumer Loans
Home equity		1,339			-		1,339			1,402			-		1,402
Home equity lines of credit		2,350			150		2,220			2,188			150		2,038
Other		227			-		227			286			-		286
Commercial Loans		1,959			-		1,959			2,222			-		2,222
Obligations (other than securities and leases) of states and political subdivisions		500			-		500			500			-		500
	$	39,088		$	851	$	38,237		$	39,844		$	851	$	38,993
Less: Deferred loan fees		(23	)							(26	)
Allowance for loan losses		(361	)							(385	)
Total	$	38,704							$	39,433

Schedule of Impaired Loans

	September 30, 2012		June 30, 2012
	(Dollars in Thousands)
Impaired loans with an allocated allowance
Construction loans	$	701	$	701
Impaired loans without an allocated allowance
Construction loans		-		-
Home equity lines of credit		150		150
Total impaired loans	$	851	$	851
Allocated allowance on impaired loans
Construction loans	$	107	$	105

	Three Months Ended
	September 30, 2012		September 30, 2011
	(Dollars in Thousands)
Average impaired loans
Construction loans	$	701	$	1,020
Home equity lines of credit		150		-
Total	$	851	$	1,020
Income recognized on impaired loans
Construction loans	$	-	$	-
Home equity lines of credit		2		-
Total	$	2	$	-

Schedule of Nonaccrual Loans

	September 30, 2012			June 30, 2012
		(Dollars in Thousands)
Principal outstanding
1 - 4 family dwellings		$	73		$	363
Construction			1,052			701
Land acquisition & development			290			290
Home equity lines of credit			150			150
Total		$	1,565		$	1,504

	September 30, 2012		September 30, 2011
	(Dollars in Thousands)
Average nonaccrual loans
1 - 4 family dwellings	$	282	$	565
Construction		1,051		1,020
Land acquisition & development		290		-
Home equity lines of credit		150		346
Total	$	1,773	$	1,931
Income that would have been recognized	$	27	$	31
Interest income recognized		41		102
Interest income foregone	$	18	$	23

Schedule of Loans by Aging Categories

	Current		30 - 59 Days Past Due		60 - 89 Days Past Due		90 Days + Past Due Accruing		90 Days + Past Due Non-accrual		Total Past Due		Total Loans
	(Dollars in Thousands)
September 30, 2012
First mortgage loans:
1 - 4 family dwellings	$	12,905	$	-	$	-	$	-	$	73	$	73	$	12,978
Construction		3,834		-		-		-		1,052		1,052		4,886
Land acquisition & development		1,697		-		-		-		290		290		1,987
Multi-family dwellings		5,010		-		-		-		-		-		5,010
Commercial		7,852		-		-		-		-		-		7,852
Consumer Loans
Home equity		1,339		-		-		-		-		-		1,339
Home equity lines of credit		2,200		-		-		-		150		150		2,350
Other		227		-		-		-		-		-		227
Commercial Loans		1,956		3		-		-		-		3		1,959
Obligations (other than securities and leases) of states and political subdivisions		500		-		-		-		-		-		500
	$	37,520	$	3	$	-	$	-	$	1,565	$	1,568		39,088
Less: Deferred loan fees														(23	)
Allowance for loan loss														(361	)
Net Loans Receivable													$	38,704

	Current		30 - 59 Days Past Due		60 - 89 Days Past Due		90 Days + Past Due Accruing		90 Days + Past Due Non-accrual		Total Past Due		Total Loans
	(Dollars in Thousands)
June 30, 2012
First mortgage loans:
1 - 4 family dwellings	$	13,151	$	-	$	-	$	-	$	363	$	363	$	13,514
Construction		4,296		-		-		-		701		701		4,997
Land acquisition & development		1,739		-		-		-		290		290		2,029
Multi-family dwellings		5,083		-		-		-		-		-		5,083
Commercial		7,623		-		-		-		-		-		7,623
Consumer Loans
Home equity		1,402		-		-		-		-		-		1,402
Home equity lines of credit		2,038		-		-		-		150		150		2,188
Other		286		-		-		-		-		-		286
Commercial Loans		2,219		-		3		-		-		3		2,222
Obligations (other than securities and leases) of states and political subdivisions		500		-		-		-		-		-		500
	$	38,337	$	-	$	3	$	-	$	1,504	$	1,507		39,844
Less: Deferred loan fees														(26	)
Allowance for loan loss														(385	)
Net Loans Receivable													$	39,433

Schedule of Loans by Internal Classification

	September 30, 2012
	Construction		Land Acquisition & Development Loans		Multi-family Residential		Commercial Real Estate		Commercial		Obligations (other than securities and leases) of states and political subdivisions
	(Dollars in Thousands)
Pass	$	3,834	$	1,697	$	5,010	$	7,852	$	1,956	$	500
Special Mention		-		-		-		-		-		-
Substandard		1,052		290		-		-		-		-
Doubtful		-		-		-		-		3		-
Ending Balance	$	4,886	$	1,987	$	5,010	$	7,852	$	1,959	$	500

	June 30, 2012
	Construction		Land Acquisition & Development Loans		Multi-family Residential		Commercial Real Estate		Commercial		Obligations (other than securities and leases) of states and political subdivisions
	(Dollars in Thousands)
Pass	$	4,296	$	1,739	$	5,083	$	7,623	$	2,219	$	500
Special Mention		-		-		-		-		-		-
Substandard		701		290		-		-		-		-
Doubtful		-		-		-		-		3		-
Ending Balance	$	4,997	$	2,029	$	5,083	$	7,623	$	2,222	$	500

Schedule of Performing and Non-Performing Loans

September 30, 2012
	1 - 4 Family		Consumer
	(Dollars in Thousands)
Performing	$	12,905	$	3,766
Non-performing		73		150
Total	$	12,978	$	3,916

	June 30, 2012
	1 - 4 Family		Consumer
	(Dollars in Thousands)
Performing	$	13,151	$	3,726
Non-performing		363		150
Total	$	13,514	$	3,876

Schedule of Primary Segments of Allowance for Loan Losses

	As of September 30, 2012
	First Mortgage Loans
	1 - 4 Family			Construction		Land Acquisition & Development			Multi- family			Commercial		Consumer Loans		Commercial Loans		Total
	(Dollars in Thousands)
Beginning ALLL Balance at June 30, 2012	$	73		$	122	$	21		$	26		$	76	$	53	$	14	$	385
Charge-offs		-			-		-			-			-		-		-		-
Recoveries		-			-		-			-			-		-		-		-
Provisions		(46	)		20		(5	)		(1	)		4		4		-		(24	)
Ending ALLL Balance at September 30, 2012	$	27		$	142	$	16		$	25		$	80	$	57	$	14	$	361

	As of September 30, 2011
	First Mortgage Loans
	1 - 4 Family			Construction			Land Acquisition & Development			Multi- family		Commercial		Consumer Loans			Commercial Loans		Total
	(Dollars in Thousands)
Beginning ALLL Balance at June 30, 2011	$	87		$	243		$	55		$	27	$	79	$	85		$	54	$	630
Charge-offs		-			(140	)		-			-		-		-			-		(140	)
Recoveries		-			-			-			-		-		-			-		-
Provisions		(8	)		32			(23	)		-		-		(26	)		6		(19	)
Ending ALLL Balance at September 30, 2011	$	79		$	135		$	32		$	27	$	79	$	59		$	60	$	471

Schedule of Allowance for Loan Losses Segregated by Impairment Class

As of September 30, 2012
	First Mortgage Loans
	1 - 4 Family		Construction		Land Acquisition & Development		Multi- family		Commercial		Consumer Loans		Commercial Loans		Total
	(Dollars in Thousands)
Individually evaluated for impairment		-		107		-		-		-		-		-		107
Collectively evaluated for impairment		27		35		16		25		80		57		14		254
	$	27	$	142	$	16	$	25	$	80	$	57	$	14	$	361

	As of June 30, 2012
	First Mortgage Loans
	1 - 4 Family		Construction		Land Acquisition & Development		Multi- family		Commercial		Consumer Loans		Commercial Loans		Total
	(Dollars in Thousands)
Individually evaluated for impairment		-		105		-		-		-		-		-		105
Collectively evaluated for impairment		73		17		21		26		76		53		14		280
	$	73	$	122	$	21	$	26	$	76	$	53	$	14	$	385