PARENT COMPANY (Tables)

12 Months Ended

Jun. 30, 2016

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Condensed Balance Sheet

CONDENSED BALANCE SHEET

	June 30,
	2016		2015
	(Dollars in Thousands)
ASSETS
Interest-earning deposits with subsidiary bank	$	2,161	$	1,508
Investment in subsidiary bank		30,837		30,444
Other assets		93		97
TOTAL ASSETS	$	33,091	$	32,049
LIABILITIES AND STOCKHOLDERS’ EQUITY
Other liabilities	$	6	$	6
Stockholders’ equity		33,085		32,043
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$	33,091	$	32,049

Condensed Statement of Income

CONDENSED STATEMENT OF INCOME

	Year Ended June 30,
	2016			2015			2014
	(Dollars in Thousands)
INCOME
Interest on loans	$	48		$	40		$	4
Interest on investment and mortgage-backed securities		3			—			—
Dividend from subsidiary		1,200			1,225			725
Interest-earning deposits with subsidiary bank		1			1			2
Total income		1,252			1,266			731
OTHER OPERATING EXPENSE		125			123			138
Income before equity in undistributed earnings of subsidiary		1,127			1,143			593
Equity in undistributed earnings of subsidiary		170			173			283
Income before income taxes		1,297			1,316			876
Income tax benefit		(28	)		(31	)		(44	)
NET INCOME	$	1,325		$	1,347		$	920

Condensed Statement of Cash Flows

	Year Ended June 30,
	2016			2015			2014
	(Dollars in Thousands)
OPERATING ACTIVITIES
Net income	$	1,325		$	1,347		$	920
Adjustments to reconcile net income to net cash provided by operating activities:
Equity in undistributed earnings of subsidiary		(170	)		(173	)		(283	)
Other, net		(1	)		(60	)		13
Net cash provided by operating activities		1,154			1,114			650
INVESTING ACTIVITIES
Available for sale:
Purchases of investments		(1,998	)		—			—
Proceeds from repayments of investments		2,000			—			—
Net cash provided by investing activities		2			—			—
FINANCING ACTIVITIES
Cash dividends paid		(489	)		(329	)		(329	)
Purchase of treasury stock		(19	)		(186	)		(10	)
Increase in unallocated ESOP shares		(47	)		(504	)		(950	)
Release of ESOP shares		52			—			—
Net cash used for financing activities		(503	)		(1,019	)		(1,289	)
Increase (decrease) in cash and cash equivalents		653			95			(639	)
CASH AND CASH EQUIVALENTS BEGINNING OF YEAR		1,508			1,413			2,052
CASH AND CASH EQUIVALENTS END OF YEAR	$	2,161		$	1,508		$	1,413