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CONSOLIDATED STATEMENT OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2014
INTEREST AND DIVIDEND INCOME      
Loans, including fees $ 2,324 $ 1,640 $ 1,579
Investment securities - taxable 1,989 1,493 1,567
Mortgage-backed securities 2,155 2,781 2,547
Certificates of deposit 7 6 10
Interest-earning demand deposits 1 1 1
Federal Home Loan Bank stock 336 457 117
Total interest and dividend income 6,812 6,378 5,821
INTEREST EXPENSE      
Deposits 210 217 330
Federal Home Loan Bank advances - short-term 238 73 202
Federal Home Loan Bank advances - long-term - variable rate 408 297 29
Federal Home Loan Bank advances - long-term - fixed rate 561 563 785
Other short-term borrowings 14 5 11
Total interest expense 1,431 1,155 1,357
NET INTEREST INCOME 5,381 5,223 4,464
Provision for loan losses 56 70 (73)
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 5,325 5,153 4,537
NONINTEREST INCOME      
Service charges on deposits 154 162 184
Earnings on bank owned life insurance 134 140 136
Investment securities gains 31
Other than temporary impairment gains 43
Portion of loss recognized in other comprehensive income (before taxes) (62)
Net impairment loss recognized in earnings (19)
Gain on sale of other real estate owned 5
Other 253 251 230
Total noninterest income 572 558 531
NONINTEREST EXPENSE      
Salaries and employee benefits 2,243 2,164 2,121
Occupancy and equipment 329 323 329
Data processing 220 239 241
Correspondent bank charges 38 38 44
Federal deposit insurance premium 194 175 187
Other 749 767 753
Total noninterest expense 3,773 3,706 3,675
INCOME BEFORE INCOME TAXES 2,124 2,005 1,393
INCOME TAX EXPENSE 799 658 473
NET INCOME $ 1,325 $ 1,347 $ 920
Per share data:      
Basic $ 0.69 $ 0.69 $ 0.45
Diluted $ 0.69 $ 0.69 $ 0.45
AVERAGE SHARES OUTSTANDING:      
Basic 1,910,538 1,941,872 2,057,920
Diluted 1,910,538 1,941,872 2,057,920