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CONSOLIDATED STATEMENT OF INCOME (USD $)
In Thousands, except Share data, unless otherwise specified
12 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2012
INTEREST AND DIVIDEND INCOME      
Loans, including fees $ 1,579 $ 2,027 $ 2,892
Investment securities - taxable 1,567 2,743 3,109
Investment securities - non-taxable       88
Mortgage-backed securities 2,547 1,162 929
Certificates of deposit 10 7 30
Interest-earning demand deposits 1 1 1
Federal Home Loan Bank stock 117 19 4
Total interest and dividend income 5,821 5,959 7,053
INTEREST EXPENSE      
Deposits 330 378 543
Federal Home Loan Bank advances - short-term 202 192 129
Federal Home Loan Bank advances - long-term 814 837 871
Other short-term borrowings 11    1
Total interest expense 1,357 1,407 1,544
NET INTEREST INCOME 4,464 4,552 5,509
Provision for loan losses (73) (68) (104)
NET INTEREST INCOME AFTER RECOVERY OF LOAN LOSSES 4,537 4,620 5,613
NON-INTEREST INCOME      
Service charges on deposits 184 189 202
Earnings on bank owned life insurance 136      
Investment securities gains    46 4
Other than temporary impairment gains (losses) 43 (4) (303)
Portion of loss recognized in other comprehensive income (before taxes) (62) (8) 172
Net impairment loss recognized in earnings (19) (12) (131)
Gain on sale of other real estate owned    101   
Other 230 249 274
Total non-interest income 531 573 349
NON-INTEREST EXPENSE      
Salaries and employee benefits 2,121 1,996 1,981
Occupancy and equipment 329 310 301
Data processing 241 245 243
Correspondent bank charges 44 49 61
Federal deposit insurance premium 187 160 306
Other 753 811 766
Total noninterest expense 3,675 3,571 3,658
INCOME BEFORE INCOME TAXES 1,393 1,622 2,304
INCOME TAX EXPENSE 473 542 902
NET INCOME $ 920 $ 1,080 $ 1,402
EARNINGS PER SHARE:      
Basic $ 0.45 $ 0.52 $ 0.68
Diluted $ 0.45 $ 0.52 $ 0.68
AVERAGE SHARES OUTSTANDING:      
Basic 2,057,920 2,057,930 2,057,930
Diluted 2,057,920 2,057,930 2,057,930