FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)

12 Months Ended

Jun. 30, 2017

FAIR VALUE OF FINANCIAL INSTRUMENTS [Abstract]

Schedule of Carrying Amounts and Fair Values of Financial Instruments

	June 30, 2017
	Carrying Amount		Fair Value		Level I		Level II		Level III
	(Dollars in Thousands)
FINANCIAL ASSETS
Cash and cash equivalents	$	2,272	$	2,272	$	2,272	$	—	$	—
Certificates of deposit		10,380		10,380		10,380		—		—
Investment securities – available for sale		108,449		108,449		—		108,449		—
Investment securities – held to maturity		8,678		8,815		—		8,815		—
Mortgage-backed securities – held to maturity:
Agency		128,201		128,840		—		128,840		—
Private-label		1,120		1,341		—		—		1,341
Net loans receivable		77,455		77,224		—		—		77,224
Accrued interest receivable		1,206		1,206		1,206		—		—
FHLB stock		7,062		7,062		7,062		—		—
Bank owned life insurance		4,541		4,541		4,541		—		—
FINANCIAL LIABILITIES
Deposits:
Non-interest bearing deposits	$	19,396	$	19,396	$	19,396	$	—	$	—
NOW accounts		23,787		23,787		23,787		—		—
Savings accounts		45,524		45,524		45,524		—		—
Money market accounts		22,484		22,484		22,484		—		—
Certificates of deposit		32,313		32,147		—		—		32,147
Advance payments by borrowers for taxes and insurance		1,785		1,785		1,785		—		—
FHLB advances – fixed rate		10,000		10,000		—		—		10,000
FHLB advances – variable rate		6,109		6,109		6,109		—		—
FHLB short-term advances		155,799		155,799		155,799		—		—
Accrued interest payable		247		247		247		—		—

	June 30, 2016
	Carrying Amount		Fair Value		Level I		Level II		Level III
	(Dollars in Thousands)
FINANCIAL ASSETS
Cash and cash equivalents	$	2,343	$	2,343	$	2,343	$	—	$	—
Certificates of deposit		350		350		350		—		—
Investment securities – available for sale		107,676		107,676		—		107,676		—
Investment securities – held to maturity		9,523		9,990		—		9,990		—
Mortgage-backed securities – held to maturity:
Agency		135,957		135,976		—		135,976		—
Private-label		1,459		1,703		—		—		1,703
Net loans receivable		64,673		67,335		—		—		67,335
Accrued interest receivable		1,508		1,508		1,508		—		—
FHLB stock		6,599		6,599		6,599		—		—
Bank owned life insurance		4,410		4,410		4,410		—		—
FINANCIAL LIABILITIES
Deposits:
Non-interest bearing deposits	$	17,284	$	17,284	$	17,284	$	—	$	—
NOW accounts		22,201		22,201		22,201		—		—
Savings accounts		47,232		47,232		47,232		—		—
Money market accounts		23,050		23,050		23,050		—		—
Certificates of deposit		30,250		30,241		—		—		30,241
Advance payments by borrowers for taxes and insurance		1,261		1,261		1,261		—		—
FHLB advances – fixed rate		10,000		10,498		—		—		10,498
FHLB advances – variable rate		6,109		6,109		6,109		—		—
FHLB short-term advances		144,027		144,027		144,027		—		—
Accrued interest payable		189		189		189		—		—