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CONSOLIDATED STATEMENT OF INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2016
Dec. 31, 2015
INTEREST AND DIVIDEND INCOME:        
Loans, including fees $ 668 $ 567 $ 1,303 $ 1,089
Investment securities - taxable 503 461 1,012 968
Mortgage-backed securities 524 509 1,070 1,023
Certificates of deposit 34 2 43 3
Interest-earning demand deposits 1
Trading securities 2 2
FHLB Stock 83 83 162 174
Total interest and dividend income 1,814 1,622 3,592 3,258
INTEREST EXPENSE:        
Deposits 54 54 110 106
Federal Home Loan Bank advances - long-term - fixed rate 109 142 218 284
Federal Home Loan Bank advances - long-term - variable rate 18 91 26 173
Federal Home Loan Bank advances - short-term 215 32 415 60
Other short-term borrowings 1 8
Total interest expense 396 320 769 631
NET INTEREST INCOME 1,418 1,302 2,823 2,627
PROVISION FOR LOAN LOSSES 18 28 35 47
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 1,400 1,274 2,788 2,580
NON-INTEREST INCOME:        
Service charges on deposits 35 41 72 84
Earnings on Bank Owned Life Insurance 33 33 66 67
Market losses on trading securities (41) (41)
Investment securities gains 21 21
Other 80 61 140 124
Total non-interest income 107 156 237 296
NON-INTEREST EXPENSE:        
Salaries and employee benefits 541 565 1,084 1,108
Occupancy and equipment 81 80 163 164
Data processing 54 56 109 114
Correspondent bank service charges 10 10 20 20
Federal deposit insurance premium 12 49 61 98
Other 218 184 413 383
Total non-interest expense 916 944 1,850 1,887
INCOME BEFORE INCOME TAXES 591 486 1,175 989
INCOME TAX EXPENSE 196 193 382 385
NET INCOME $ 395 $ 293 $ 793 $ 604
EARNINGS PER SHARE:        
Basic $ 0.21 $ 0.15 $ 0.42 $ 0.32
Diluted $ 0.21 $ 0.15 $ 0.42 $ 0.32
AVERAGE SHARES OUTSTANDING:        
Basic 1,881,086 1,910,190 1,878,623 1,909,726
Diluted 1,881,086 1,910,190 1,878,623 1,909,726