Document And Entity Information
Document And Entity Information - shares | 3 Months Ended | |
Sep. 30, 2015 | Nov. 10, 2015 | |
Document Information [Line Items] | ||
Document Type | 10-Q | |
Amendment Flag | false | |
Document Period End Date | Sep. 30, 2015 | |
Document Fiscal Year Focus | 2,016 | |
Document Fiscal Period Focus | Q1 | |
Entity Registrant Name | CONSUMERS BANCORP INC /OH/ | |
Entity Central Index Key | 1,006,830 | |
Current Fiscal Year End Date | --06-30 | |
Entity Filer Category | Smaller Reporting Company | |
Trading Symbol | CBKM | |
Entity Common Stock, Shares Outstanding | 2,727,730 |
CONSOLIDATED BALANCE SHEETS
CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands | Sep. 30, 2015 | Jun. 30, 2015 |
ASSETS | ||
Cash on hand and noninterest-bearing deposits in financial institutions | $ 7,543 | $ 8,028 |
Federal funds sold and interest-bearing deposits in financial institutions | 6,105 | 2,516 |
Total cash and cash equivalents | 13,648 | 10,544 |
Certificates of deposit in other financial institutions | 5,913 | 4,470 |
Securities, available-for-sale | 137,763 | 137,144 |
Securities, held-to-maturity (fair value of $3,712 at September 30, 2015 and $3,722 at June 30, 2015) | 3,565 | 3,655 |
Federal bank and other restricted stocks, at cost | 1,396 | 1,396 |
Loans held for sale | 307 | 462 |
Total loans | 233,914 | 228,519 |
Less allowance for loan losses | (2,514) | (2,432) |
Net loans | 231,400 | 226,087 |
Cash surrender value of life insurance | 6,672 | 6,626 |
Premises and equipment, net | 12,435 | 11,605 |
Other real estate owned | 38 | 0 |
Accrued interest receivable and other assets | 1,918 | 1,978 |
Total assets | 415,055 | 403,967 |
LIABILITIES | ||
Non-interest bearing demand | 93,431 | 86,651 |
Interest bearing demand | 46,661 | 45,320 |
Savings | 135,801 | 134,664 |
Time | 64,998 | 66,361 |
Total deposits | 340,891 | 332,996 |
Short-term borrowings | 22,229 | 19,838 |
Federal Home Loan Bank advances | 6,225 | 6,240 |
Accrued interest and other liabilities | 3,331 | 3,427 |
Total liabilities | $ 372,676 | $ 362,501 |
Commitments and contingent liabilities | ||
SHAREHOLDERS’ EQUITY | ||
Preferred stock (no par value, 350,000 shares authorized, none outstanding) | $ 0 | $ 0 |
Common stock (no par value, 3,500,000 shares authorized; 2,854,133 shares issued as of September 30, 2015 and June 30, 2015) | 14,630 | 14,630 |
Retained earnings | 27,992 | 27,589 |
Treasury stock, at cost (130,312 and 130,064 common shares as of September 30, 2015 and June 30, 2015, respectively) | (1,656) | (1,652) |
Accumulated other comprehensive income | 1,413 | 899 |
Total shareholders’ equity | 42,379 | 41,466 |
Total liabilities and shareholders’ equity | $ 415,055 | $ 403,967 |
CONSOLIDATED BALANCE SHEETS _Pa
CONSOLIDATED BALANCE SHEETS [Parenthetical] - USD ($) $ in Thousands | Sep. 30, 2015 | Jun. 30, 2015 |
Held-to-maturity Securities, Fair Value | $ 3,712 | $ 3,722 |
Preferred stock, shares authorized | 350,000 | 350,000 |
Common stock, shares authorized | 3,500,000 | 3,500,000 |
Common stock, shares issued | 2,854,133 | 2,854,133 |
Treasury stock, shares | 130,312 | 130,064 |
CONSOLIDATED STATEMENTS OF INCO
CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands | 3 Months Ended | |
Sep. 30, 2015 | Sep. 30, 2014 | |
Interest income | ||
Loans, including fees | $ 2,795 | $ 2,704 |
Securities, taxable | 457 | 463 |
Securities, tax-exempt | 344 | 352 |
Federal funds sold and other interest bearing deposits | 24 | 14 |
Total interest income | 3,620 | 3,533 |
Interest expense | ||
Deposits | 176 | 190 |
Short-term borrowings | 8 | 7 |
Federal Home Loan Bank advances | 43 | 48 |
Total interest expense | 227 | 245 |
Net interest income | 3,393 | 3,288 |
Provision for loan losses | 92 | 67 |
Net interest income after provision for loan losses | 3,301 | 3,221 |
Non-interest income | ||
Service charges on deposit accounts | 314 | 320 |
Debit card interchange income | 234 | 229 |
Bank owned life insurance income | 46 | 44 |
Securities gains, net | 35 | 37 |
Gain on disposition of other real estate owned | 0 | 22 |
Other | 106 | 139 |
Total non-interest income | 735 | 791 |
Non-interest expenses | ||
Salaries and employee benefits | 1,732 | 1,717 |
Occupancy and equipment | 342 | 368 |
Data processing expenses | 144 | 142 |
Professional and director fees | 97 | 97 |
FDIC assessments | 58 | 60 |
Franchise taxes | 82 | 77 |
Marketing and advertising | 93 | 66 |
Telephone and network communications | 75 | 72 |
Debit card processing expenses | 116 | 114 |
Other | 398 | 359 |
Total non-interest expenses | 3,137 | 3,072 |
Income before income taxes | 899 | 940 |
Income tax expense | 172 | 184 |
Net income | $ 727 | $ 756 |
Basic and diluted earnings per share | $ 0.27 | $ 0.28 |
CONSOLIDATED STATEMENTS OF COMP
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Thousands | 3 Months Ended | ||
Sep. 30, 2015 | Sep. 30, 2014 | ||
Net income | $ 727 | $ 756 | |
Net change in unrealized gains (losses): | |||
Unrealized gains (losses) arising during the period | 813 | (91) | |
Reclassification adjustment for gains included in income | [1],[2] | (35) | (37) |
Net unrealized gain (losses) | 778 | (128) | |
Income tax effect | 264 | (43) | |
Other comprehensive income (loss) | 514 | (85) | |
Total comprehensive income | $ 1,241 | $ 671 | |
[1] | Income tax expense | ||
[2] | Securities gains, net |
CONDENSED CONSOLIDATED STATEMEN
CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY $ in Thousands | USD ($)$ / shares |
Balance at beginning of period at Jun. 30, 2014 | $ 40,203 |
Net income | 756 |
Other comprehensive income (loss) | (85) |
248 and 130 Dividend reinvestment plan shares associated with expired restricted stock awards retired to treasury stock during the three months ended September 30, 2015 and 2014, respectively | 0 |
Common cash dividends | (328) |
Balance at the end of the period at Sep. 30, 2014 | $ 40,546 |
Common cash dividends per share | $ / shares | $ 0.12 |
Balance at beginning of period at Jun. 30, 2015 | $ 41,466 |
Net income | 727 |
Other comprehensive income (loss) | 514 |
248 and 130 Dividend reinvestment plan shares associated with expired restricted stock awards retired to treasury stock during the three months ended September 30, 2015 and 2014, respectively | 0 |
Common cash dividends | (328) |
Balance at the end of the period at Sep. 30, 2015 | $ 42,379 |
Common cash dividends per share | $ / shares | $ 0.12 |
CONDENSED CONSOLIDATED STATEME7
CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY [Parenthetical] - shares shares in Thousands | 3 Months Ended | |
Sep. 30, 2015 | Sep. 30, 2014 | |
Dividend Reinvestment Plan And Restricted Award Forfeited And Expired (in shares) | 248 | 130 |
CONDENSED CONSOLIDATED STATEME8
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands | 3 Months Ended | |
Sep. 30, 2015 | Sep. 30, 2014 | |
Cash flows from operating activities | ||
Net cash from operating activities | $ 1,021 | $ 1,766 |
Securities available-for-sale | ||
Purchases | (7,438) | (15,545) |
Maturities, calls and principal pay downs | 5,346 | 3,840 |
Proceeds from sales of available-for-sale securities | 1,990 | 4,372 |
Securities held-to-maturity | ||
Principal pay downs | 90 | 90 |
Net increase in certificates of deposits in other financial institutions | (1,443) | (1,503) |
Net (increase) decrease in loans | (5,443) | 1,730 |
Acquisition of premises and equipment | (962) | (1,328) |
Proceeds from sale of other real estate owned | 0 | 128 |
Net cash from investing activities | (7,860) | (8,216) |
Cash flow from financing activities | ||
Net increase in deposit accounts | 7,895 | 2,304 |
Net change in short-term borrowings | 2,391 | 2,075 |
Proceeds from Federal Home Loan Bank advances | 0 | 2,000 |
Repayments of Federal Home Loan Bank advances | (15) | (14) |
Dividends paid | (328) | (328) |
Net cash from financing activities | 9,943 | 6,037 |
Increase (decrease) in cash or cash equivalents | 3,104 | (413) |
Cash and cash equivalents, beginning of period | 10,544 | 11,125 |
Cash and cash equivalents, end of period | 13,648 | 10,712 |
Supplemental disclosure of cash flow information: | ||
Interest | 229 | 244 |
Federal income taxes | 200 | 200 |
Non-cash items: | ||
Transfer from loans to repossessed assets | 38 | 0 |
Expired and forfeited dividend reinvestment plan shares associated with restricted stock awards that were retired to treasury stock | $ 4 | $ 2 |
Summary of Significant Accounti
Summary of Significant Accounting Policies | 3 Months Ended |
Sep. 30, 2015 | |
Organization, Consolidation and Presentation Of Financial Statements [Abstract] | |
Organization, Consolidation and Presentation of Financial Statements Disclosure and Significant Accounting Policies [Text Block] | Note 1 Summary of Significant Accounting Policies : Consumers Bancorp, Inc. (the Corporation) is a bank holding company headquartered in Minerva, Ohio that provides, through its banking subsidiary, Consumers National Bank (the Bank), a broad array of products and services throughout its primary market area of Carroll, Columbiana, Stark, Summit, Wayne and contiguous counties in Ohio . : The consolidated financial statements for interim periods are unaudited and reflect all adjustments (consisting of only normal recurring adjustments), which, in the opinion of management, are necessary to present fairly the financial position and results of operations and cash flows for the periods presented. The unaudited financial statements are presented in accordance with the requirements of Form 10-Q and do not include all disclosures normally required by accounting principles generally accepted in the United States of America. The consolidated financial statements include the accounts of the Corporation and the Bank. All significant inter-company transactions and accounts have been eliminated in consolidation. The Corporation is a bank holding company engaged in the business of commercial and retail banking, which accounts for substantially all of the revenues, operating income, and assets. Accordingly, all of its operations are recorded in one segment, banking. Certain items in prior financial statements have been reclassified to conform to the current presentation. Any reclassifications had no impact on prior year net income or shareholders’ equity. |
Securities
Securities | 3 Months Ended |
Sep. 30, 2015 | |
Investments, Debt and Equity Securities [Abstract] | |
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block] | Note 2 Securities Gross Gross Amortized Unrealized Unrealized Fair Available for-Sale Cost Gains Losses Value September 30, 2015 Obligations of U.S. government-sponsored entities and agencies $ 15,979 $ 326 $ $ 16,305 Obligations of state and political subdivisions 50,718 1,015 (144) 51,589 Mortgage-backed securities residential 61,945 708 (121) 62,532 Mortgage-backed securities commercial 1,486 9 1,495 Collateralized mortgage obligations residential 5,320 21 (16) 5,325 Pooled trust preferred security 174 343 517 Total available-for-sale securities $ 135,622 $ 2,422 $ (281) $ 137,763 Held-to-Maturity Amortized Gross Gross Fair September 30, 2015 Obligations of state and political subdivisions $ 3,565 $ 147 $ $ 3,712 Gross Gross Amortized Unrealized Unrealized Fair Availablefor-Sale Cost Gains Losses Value June 30, 2015 Obligations of U.S. government-sponsored entities and agencies $ 16,411 $ 178 $ (31) $ 16,558 Obligations of state and political subdivisions 48,557 811 (405) 48,963 Mortgage-backed securities residential 64,441 699 (226) 64,914 Mortgage-backed securities commercial 1,485 1 1,486 Collateralized mortgage obligations - residential 4,703 14 (34) 4,683 Pooled trust preferred security 184 356 540 Total available-for-sale securities $ 135,781 $ 2,059 $ (696) $ 137,144 Gross Gross Amortized Unrecognized Unrecognized Fair Held-to-Maturity Cost Gains Losses Value June 30, 2015 Obligations of state and political subdivisions $ 3,655 $ 67 $ $ 3,722 Three Months Ended September 30, 2015 2014 Proceeds from sales $ 1,990 $ 4,372 Gross realized gains 35 37 The income tax provision applicable to realized gains amounted to $ 12 Estimated Fair Available-for-Sale Amortized Cost Value Due in one year or less $ 6,210 $ 6,231 Due after one year through five years 13,742 14,068 Due after five years through ten years 29,146 29,752 Due after ten years 17,599 17,843 Total 66,697 67,894 U.S. Government-sponsored mortgage-backed and related securities 68,751 69,352 Pooled trust preferred security 174 517 Total available-for-sale securities $ 135,622 $ 137,763 Held-to-Maturity Due after five years through ten years 745 777 Due after ten years 2,820 2,935 Total held-to-maturity securities $ 3,565 $ 3,712 Less than 12 Months 12 Months or more Total Fair Unrealized Fair Unrealized Fair Unrealized Available-for-sale Value Loss Value Loss Value Loss September 30, 2015 Obligations of states and political subdivisions 11,562 (116) 1,661 (28) 13,223 (144) Mortgage-backed securities - residential 20,393 (96) 3,155 (25) 23,548 (121) Collateralized mortgage obligations 3,036 (16) 3,036 (16) Total temporarily impaired $ 34,991 $ (228) $ 4,816 $ (53) $ 39,807 $ (281) Less than 12 Months 12 Months or more Total Fair Unrealized Fair Unrealized Fair Unrealized Available-for-sale Value Loss Value Loss Value Loss June 30, 2015 Obligation of U.S. government- sponsored entities and agencies $ 3,719 $ (31) $ $ $ 3,719 $ (31) Obligations of states and political subdivisions 18,796 (352) 2,145 (53) 20,941 (405) Mortgage-backed securities - residential 24,322 (200) 2,031 (26) 26,353 (226) Collateral mortgage obligation - residential 3,321 (34) 3,321 (34) Total temporarily impaired $ 50,158 $ (617) $ 4,176 $ (79) $ 54,334 $ (696) Management evaluates securities for other-than-temporary impairment (OTTI) on a quarterly basis, and more frequently when economic or market conditions warrant such an evaluation. The securities portfolio is evaluated for OTTI by segregating the portfolio into two general segments and applying the appropriate OTTI model. Investment securities are generally evaluated for OTTI under FASB ASC Topic 320, Accounting for Certain Investments in Debt and Equity Securities The unrealized losses within the securities portfolio as of September 30, 2015 have not been recognized into income because the decline in fair value is not attributed to credit quality, management does not intend to sell and it is likely that management will not be required to sell the securities prior to their anticipated recovery. The decline in fair value of the residential mortgage-backed securities, obligations of state and political subdivisions and collateralized mortgage obligations is largely due to changes in interest rates. The fair value is expected to recover as the securities approach maturity. The mortgage-backed securities and collateralized mortgage obligations were primarily issued by Fannie Mae, Freddie Mac and Ginnie Mae, institutions which the government has affirmed its commitment to support. The Corporation does not own any private label mortgage-backed securities. |
Loans
Loans | 3 Months Ended |
Sep. 30, 2015 | |
Receivables [Abstract] | |
Loans, Notes, Trade and Other Receivables Disclosure [Text Block] | September 30, June 30, 2015 2015 Commercial $ 36,890 $ 32,155 Commercial real estate: Construction 3,118 1,295 Other 142,702 143,680 1 4 Family residential real estate: Owner occupied 30,353 30,027 Non-owner occupied 13,897 14,555 Construction 661 234 Consumer 6,667 6,965 Subtotal 234,288 228,911 Less: Net deferred loan fees (374) (392) Allowance for loan losses (2,514) (2,432) Net Loans $ 231,400 $ 226,087 1-4 Family Commercial Residential Real Real Commercial Estate Estate Consumer Total Allowance for loan losses: Beginning balance $ 316 $ 1,660 $ 289 $ 167 $ 2,432 Provision for loan losses 71 70 (11) (38) 92 Loans charged-off (3) (18) (21) Recoveries 11 11 Total ending allowance balance $ 387 $ 1,727 $ 278 $ 122 $ 2,514 The following table presents the activity in the allowance for loan losses by portfolio segment for the three months ending September 30, 2014: 1-4 Family Commercial Residential Real Real Commercial Estate Estate Consumer Total Allowance for loan losses: Beginning balance $ 307 $ 1,440 $ 294 $ 364 $ 2,405 Provision for loan losses (7) 15 27 32 67 Loans charged-off (33) (33) (66) Recoveries 1 12 13 Total ending allowance balance $ 300 $ 1,455 $ 289 $ 375 $ 2,419 506 374 1-4 Family Commercial Residential Real Real Commercial Estate Estate Consumer Total Allowance for loan losses: Ending allowance balance attributable to loans: Individually evaluated for impairment $ $ 164 $ 56 $ $ 220 Collectively evaluated for impairment 387 1,563 222 122 2,294 Total ending allowance balance $ 387 $ 1,727 $ 278 $ 122 $ 2,514 Recorded investment in loans: Loans individually evaluated for impairment $ $ 3,332 $ 1,080 $ $ 4,412 Loans collectively evaluated for impairment 36,957 142,429 43,955 6,667 230,008 Total ending loans balance $ 36,957 $ 145,761 $ 45,035 $ 6,667 $ 234,420 The following table presents the balance in the allowance for loan losses and the recorded investment in loans by portfolio segment and based on impairment method as of June 30, 2015. Included in the recorded investment in loans is $ 501 392 1-4 Family Commercial Residential Real Real Commercial Estate Estate Consumer Total Allowance for loan losses: Ending allowance balance attributable to loans: Individually evaluated for impairment $ $ 58 $ 12 $ $ 70 Collectively evaluated for impairment 316 1,602 277 167 2,362 Total ending allowance balance $ 316 $ 1,660 $ 289 $ 167 $ 2,432 Recorded investment in loans: Loans individually evaluated for impairment $ $ 2,786 $ 615 $ $ 3,401 Loans collectively evaluated for impairment 32,210 142,139 44,304 6,966 225,619 Total ending loans balance $ 32,210 $ 144,925 $ 44,919 $ 6,966 $ 229,020 As of September 30, 2015 Three Months ended September 30, 2015 Unpaid Allowance for Average Interest Cash Basis Principal Recorded Loan Losses Recorded Income Interest Balance Investment Allocated Investment Recognized Recognized With no related allowance recorded: Commercial real estate: Construction $ 35 $ 35 $ $ 12 $ $ Other 2,394 2,117 2,059 1-4 Family residential real estate: Owner occupied 301 267 267 Non-owner occupied 232 232 77 With an allowance recorded: Commercial real estate: Other 1,209 1,180 164 894 9 9 1-4 Family residential real estate: Owner occupied 121 121 5 122 2 2 Non-owner occupied 511 460 51 458 4 4 Total $ 4,803 $ 4,412 $ 220 $ 3,889 $ 15 $ 15 The following table presents information related to loans individually evaluated for impairment by class of loans as of June 30, 2015 and for the three months ended September 30, 2014: As of June 30, 2015 Three Months ended September 30, 2014 Unpaid Allowance for Average Interest Cash Basis Principal Recorded Loan Losses Recorded Income Interest Balance Investment Allocated Investment Recognized Recognized With no related allowance recorded: Commercial real estate: Other $ 2,432 $ 2,082 $ $ 1,350 $ 1-4 Family residential real estate: Owner occupied 58 35 120 With an allowance recorded: Commercial real estate: Other 740 704 58 766 9 9 1-4 Family residential real estate: Owner occupied 122 123 4 126 2 2 Non-owner occupied 512 457 8 545 5 5 Total $ 3,864 $ 3,401 $ 70 $ 2,907 $ 16 $ 16 The following table presents the recorded investment in non-accrual and loans past due over 90 days still on accrual by class of loans as of September 30, 2015 and June 30, 2015: September 30, 2015 June 30, 2015 Loans Past Due Loans Past Due Over 90 Days Over 90 Days Still Still Non-accrual Accruing Non-accrual Accruing Commercial real estate: Construction $ 35 $ $ $ Other 2,595 2,079 1 4 Family residential: Owner occupied 366 190 Non-owner occupied 232 Consumer 16 Total $ 3,244 $ $ 2,269 $ Non-accrual loans and loans past due 90 days still on accrual include both smaller balance homogeneous loans that are collectively evaluated for impairment and individually classified impaired loans. Days Past Due 30 - 59 60 - 89 90 Days or Total Loans Not Days Days Greater Past Due Past Due Total Commercial $ $ $ $ $ 36,957 $ 36,957 Commercial real estate: Construction 3,093 3,093 Other 250 113 1,954 2,317 140,351 142,668 1-4 Family residential: Owner occupied 80 112 206 398 30,073 30,471 Non-owner occupied 630 630 13,271 13,901 Construction 663 663 Consumer 44 1 16 61 6,606 6,667 Total $ 1,004 $ 226 $ 2,176 $ 3,406 $ 231,014 $ 234,420 The above table of past due loans includes the recorded investment in non-accrual loans of $ 224 2,176 844 The following table presents the aging of the recorded investment in past due loans as of June 30, 2015 by class of loans: Days Past Due 30 - 59 60 - 89 90 Days or Total Loans Not Days Days Greater Past Due Past Due Total Commercial $ $ 25 $ $ 25 $ 32,185 $ 32,210 Commercial real estate: Construction 1,270 1,270 Other 62 30 92 143,563 143,655 1-4 Family residential: Owner occupied 268 68 139 475 29,654 30,129 Non-owner occupied 8 8 14,547 14,555 Construction 235 235 Consumer 17 17 6,949 6,966 Total $ 347 $ 101 $ 169 $ 617 $ 228,403 $ 229,020 The above table of past due loans includes the recorded investment in non-accrual loans of $ 169 2,100 Troubled Debt Restructurings: As of September 30, 2015, the recorded investment of loans classified as troubled debt restructurings was $ 1,330 129 1,335 70 During the three months ended September 30, 2015 and 2014 there were no loan modifications completed that were classified as troubled debt restructurings. There were no charge offs from troubled debt restructurings during the three month periods ended September 30, 2015 and 2014. There were no loans classified as troubled debt restructurings for which there was a payment default during the three month periods ending September 30, 2015 or 2014. A loan is considered to be in payment default once it is 90 days contractually past due under the modified terms. Credit Quality Indicators: The Corporation categorizes loans into risk categories based on relevant information about the ability of borrowers to service their debt such as: current financial information, historical payment experience, credit documentation, public information, current economic trends and other relevant information. The Corporation analyzes loans individually by classifying the loans as to credit risk. This analysis includes loans with a total outstanding loan relationship greater than $ 100 Special Mention. Loans classified as special mention have a potential weakness that deserves management's close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the loan or of the institution's credit position at some future date. Substandard. Loans classified as substandard are inadequately protected by the current net worth and paying capacity of the obligor or of the collateral pledged, if any. Loans so classified have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that the institution will sustain some loss if the deficiencies are not corrected. Doubtful. Loans classified as doubtful have all the weaknesses inherent in those classified as substandard, with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions, and values, highly questionable and improbable. Loans not meeting the criteria above that are analyzed individually as part of the above described process are considered to be pass rated loans. Loans listed as not rated are either less than $100 or are included in groups of homogeneous loans. These loans are evaluated based on delinquency status, which are disclosed in the previous table within this footnote. As of September 30, 2015 Special Not Pass Mention Substandard Doubtful Rated Commercial $ 31,302 $ 5,035 $ 95 $ $ 525 Commercial real estate: Construction 3,058 35 Other 132,333 3,776 2,786 2,004 1,769 1-4 Family residential real estate: Owner occupied 3,744 34 26,693 Non-owner occupied 12,200 459 1,019 223 Construction 476 187 Consumer 6,667 Total $ 183,113 $ 9,270 $ 3,935 $ 2,038 $ 36,064 As of June 30, 2015 Special Not Pass Mention Substandard Doubtful Rated Commercial $ 27,359 $ 4,030 $ 96 $ $ 725 Commercial real estate: Construction 1,224 46 Other 133,452 4,473 2,876 2,032 822 1-4 Family residential real estate: Owner occupied 4,029 35 26,065 Non-owner occupied 12,602 475 1,025 453 Construction 235 Consumer 6,966 Total $ 178,901 $ 8,978 $ 4,043 $ 2,067 $ 35,031 |
Fair Value
Fair Value | 3 Months Ended |
Sep. 30, 2015 | |
Fair Value Disclosures [Abstract] | |
Fair Value Disclosures [Text Block] | Note 4 - Fair Value Fair value is the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. There are three levels of inputs that may be used to measure fair values: Level 1: Quoted prices (unadjusted) for identical assets or liabilities in active markets that the entity has the ability to access as of the measurement date. Level 2: Significant other observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data. Level 3: Significant unobservable inputs that reflect a company’s own assumptions about the assumptions that market participants would use in pricing an asset or liability. Financial assets and financial liabilities measured at fair value on a recurring basis include the following: Securities available-for-sale: When available, the fair values of available-for-sale securities are determined by obtaining quoted prices on nationally recognized securities exchanges (Level 1 inputs). For securities where quoted market prices are not available, fair values are calculated based on market prices of similar securities (Level 2 inputs). For securities where quoted prices or market prices of similar securities are not available, fair values are calculated using discounted cash flows or other market indicators (Level 3 inputs). Fair Value Measurements at September 30, 2015 Using Balance at September 30, Level 1 Level 2 Level 3 Assets: Obligations of U.S. government-sponsored entities and agencies $ 16,305 $ $ 16,305 $ Obligations of states and political subdivisions 51,589 51,589 Mortgage-backed securities residential 62,532 62,532 Mortgage-backed securities commercial 1,495 1,495 Collateralized mortgage obligations - residential 5,325 5,325 Pooled trust preferred security 517 517 Fair Value Measurements at June 30, 2015 Using Balance at June 30, 2015 Level 1 Level 2 Level 3 Assets: Obligations of U.S. government-sponsored entities and agencies $ 16,558 $ $ 16,558 $ Obligations of states and political subdivisions 48,963 48,963 Mortgage-backed securities - residential 64,914 64,914 Mortgage-backed securities - commercial 1,486 1,486 Collateralized mortgage obligations - residential 4,683 4,683 Pooled trust preferred security 540 540 There were no transfers between Level 1 and Level 2 during the three month periods ended September 30, 2015 or 2014. Certain financial assets and financial liabilities are measured at fair value on a non-recurring basis; that is, the instruments are not measured at fair value on an ongoing basis but are subject to fair value adjustments in certain circumstances. Financial assets and financial liabilities measured at fair value on a non-recurring basis include the following: Impaired Loans: At the time a loan is considered impaired, it is valued at the lower of cost or fair value. Impaired loans carried at fair value generally receive specific allocations of the allowance for loan losses. For collateral dependent loans, fair value is commonly based on recent real estate appraisals. These appraisals may utilize a single valuation approach or a combination of approaches including comparable sales and the income approach. Adjustments are routinely made in the appraisal process by the appraisers to adjust for differences between the comparable sales and income data available. Such adjustments are usually significant and typically result in a Level 3 classification of the inputs for determining fair value. Fair Value Measurements at September 30, 2015 Using Balance at September 30, Level 1 Level 2 Level 3 Impaired loans: Commercial Real Estate - Other $ 1,954 $ $ $ 1,954 Fair Value Measurements at June 30, 2015 Using Balance at June 30, 2015 Level 1 Level 2 Level 3 Impaired loans: Commercial Real Estate - Other $ 1,979 $ $ $ 1,979 Impaired loans included in the tables above are measured for impairment using the fair value of the collateral and had a carrying amount of $ 1,954 3 1,979 Fair Valuation Unobservable Weighted Value Technique Inputs Range Average Impaired loans: Liquidation adjustment Commercial Real Estate - Other $ 733 Income approach for distressed sales -40.0% -40.0% Liquidation adjustment Commercial Real Estate - Other $ 125 Cost approach for distressed sales -40.0% -40.0% Adjustment for Sales comparison differences between 82.9% to Commercial Real Estate - Other $ 1,096 approach comparable sales -38.7% -7.5% Fair Valuation Unobservable Weighted Value Technique Inputs Range Average Impaired loans: Liquidation adjustment Commercial Real Estate - Other $ 733 Income approach for distressed sales -40.0% -40.0% Liquidation adjustment Commercial Real Estate - Other $ 125 Cost approach for distressed sales -40.0% -40.0% Adjustment for Sales comparison differences between 82.9% to Commercial Real Estate - Other $ 1,121 approach comparable sales -71.6% -11.7% The valuation technique used by an independent third party appraiser in the fair value measurement of collateral for collateral-dependent commercial real estate impaired loans consisted of the sales comparison approach. The significant unobservable inputs used in the fair value measurement relate to any adjustment made to the value set forth in the appraisal due to a distressed sale situation. September 30, 2015 June 30, 2015 Estimated Estimated Carrying Fair Carrying Fair Amount Value Amount Value Financial Assets: Level 1 inputs: Cash and cash equivalents $ 13,648 $ 13,648 $ 10,544 $ 10,544 Level 2 inputs: Certificates of deposits in other financial institutions 5,913 5,910 4,470 4,456 Loans held for sale 307 310 462 468 Accrued interest receivable 1,310 1,310 1,035 1,035 Level 3 inputs: Securities held-to-maturity 3,565 3,712 3,655 3,722 Loans, net 231,400 232,295 226,087 226,915 Financial Liabilities: Level 2 inputs: Demand and savings deposits 275,893 275,893 266,635 266,635 Time deposits 64,998 65,104 66,361 66,498 Short-term borrowings 22,229 22,229 19,838 19,838 Federal Home Loan Bank advances 6,225 6,534 6,240 6,537 Accrued interest payable 39 39 41 41 The assumptions used to estimate fair value are described as follows: Cash and cash equivalents: The carrying value of cash, deposits in other financial institutions and federal funds sold were considered to approximate fair value resulting in a Level 1 classification. Certificates of deposits in other financial institutions : Fair value of certificates of deposits in other financial institutions was estimated using current rates for deposits of similar remaining maturities resulting in a Level 2 classification. Accrued interest receivable and payable, demand and savings deposits and short-term borrowings : The carrying value of accrued interest receivable and payable, demand and savings deposits and short-term borrowings were considered to approximate fair value due to their short-term duration resulting in a Level 2 classification. Loans held for sale: The fair value of loans held for sale is estimated based upon binding contracts and quotes from third party investors resulting in a Level 2 classification. Loans: Fair value for loans was estimated for portfolios of loans with similar financial characteristics. For adjustable rate loans that reprice at least annually and for fixed rate commercial loans with maturities of six months or less which possess normal risk characteristics, carrying value was determined to be fair value. Fair value of other types of loans (including adjustable rate loans which reprice less frequently than annually and fixed rate term loans or loans which possess higher risk characteristics) was estimated by discounting future cash flows using the current rates at which similar loans would be made to borrowers with similar credit ratings and for similar anticipated maturities resulting in a Level 3 classification. The methods utilized to estimate the fair value of loans do not necessarily represent an exit price. Securities held-to-maturity: The held-to-maturity securities are general obligation and revenue bonds made to local municipalities. Time deposits: Fair value of fixed-maturity certificates of deposit was estimated using the rates offered at September 30, 2015 and June 30, 2015, for deposits of similar remaining maturities. Estimated fair value does not include the benefit that results from low-cost funding provided by the deposit liabilities compared to the cost of borrowing funds in the market resulting in a Level 2 classification. Federal Home Loan Bank advances: Fair value of Federal Home Loan Bank advances was estimated using current rates at September 30, 2015 and June 30, 2015 for similar financing resulting in a Level 2 classification. Federal bank and other restricted stocks, at cost: Federal bank and other restricted stocks include stock acquired for regulatory purposes, such as Federal Home Loan Bank stock and Federal Reserve Bank stock that are accounted for at cost due to restrictions placed on their transferability; and therefore, are not subject to the fair value disclosure requirements. Off-balance sheet commitments: The Corporation’s lending commitments have variable interest rates and “escape” clauses if the customer’s credit quality deteriorates. Therefore, the fair values of these items are not significant and are not included in the above table. |
Earnings Per Share
Earnings Per Share | 3 Months Ended |
Sep. 30, 2015 | |
Earnings Per Share [Abstract] | |
Earnings Per Share [Text Block] | Note 5 Earnings Per Share Basic earnings per share is the amount of earnings available to each share of common stock outstanding during the reporting period and is equal to net income divided by the weighted average number of shares outstanding during the period. Diluted earnings per share is the amount of earnings available to each share of common stock outstanding during the reporting period adjusted to include the effect of potentially dilutive common shares that may be issued upon the vesting of restricted stock awards. There were no equity instruments there were anti-dilutive for the three month periods ended September 30, 2015 and 2014. The following table details the calculation of basic and diluted earnings per share: For the Three Months Ended September 30, 2015 2014 Basic: Net income available to common shareholders $ 727 $ 756 Weighted average common shares outstanding 2,724,372 2,721,695 Basic income per share $ 0.27 $ 0.28 Diluted: Net income available to common shareholders $ 727 $ 756 Weighted average common shares outstanding 2,724,372 2,721,695 Dilutive effect of restricted stock 189 418 Total common shares and dilutive potential common shares 2,724,561 2,722,113 Dilutive income per share $ 0.27 $ 0.28 |
Accumulated Other Comprehensive
Accumulated Other Comprehensive Income | 3 Months Ended |
Sep. 30, 2015 | |
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract] | |
Comprehensive Income (Loss) Note [Text Block] | Note 6 Accumulated Other Comprehensive Income Affected Line Pretax Tax Effect After-tax Statements of Balance as of June 30, 2015 $ 1,363 $ (464) $ 899 Unrealized holding gain on available-for-sale securities arising during the period 813 (276) 537 Amounts reclassified from accumulated other comprehensive income (35) 12 (23) (a)(b) Net current period other comprehensive income 778 (264) 514 Balance as of September 30, 2015 $ 2,141 $ (728) $ 1,413 Balance as of June 30, 2014 $ 1,944 $ (661) $ 1,283 Unrealized holding loss on available-for-sale securities arising during the period (91) 31 (60) Amounts reclassified from accumulated other comprehensive income (37) 12 (25) (a)(b) Net current period other comprehensive income (128) 43 (85) Balance as of September 30, 2014 $ 1,816 $ (618) $ 1,198 (a) Securities gains, net (b) Income tax expense |
Summary of Significant Accoun15
Summary of Significant Accounting Policies (Policies) | 3 Months Ended |
Sep. 30, 2015 | |
Organization, Consolidation and Presentation Of Financial Statements [Abstract] | |
Nature Of Operations [Policy Text Block] | Nature of Operations: Consumers Bancorp, Inc. (the Corporation) is a bank holding company headquartered in Minerva, Ohio that provides, through its banking subsidiary, Consumers National Bank (the Bank), a broad array of products and services throughout its primary market area of Carroll, Columbiana, Stark, Summit, Wayne and contiguous counties in Ohio . |
Basis of Accounting, Policy [Policy Text Block] | Basis of Presentation : The consolidated financial statements for interim periods are unaudited and reflect all adjustments (consisting of only normal recurring adjustments), which, in the opinion of management, are necessary to present fairly the financial position and results of operations and cash flows for the periods presented. The unaudited financial statements are presented in accordance with the requirements of Form 10-Q and do not include all disclosures normally required by accounting principles generally accepted in the United States of America. The consolidated financial statements include the accounts of the Corporation and the Bank. All significant inter-company transactions and accounts have been eliminated in consolidation. |
Segment Reporting, Policy [Policy Text Block] | Segment Information: The Corporation is a bank holding company engaged in the business of commercial and retail banking, which accounts for substantially all of the revenues, operating income, and assets. Accordingly, all of its operations are recorded in one segment, banking. |
Prior Period Reclassification Adjustment, Description [Policy Text Block] | Reclassifications: Certain items in prior financial statements have been reclassified to conform to the current presentation. Any reclassifications had no impact on prior year net income or shareholders’ equity. |
Securities (Tables)
Securities (Tables) | 3 Months Ended |
Sep. 30, 2015 | |
Investments, Debt and Equity Securities [Abstract] | |
Trading Securities (and Certain Trading Assets) [Table Text Block] | Gross Gross Amortized Unrealized Unrealized Fair Available for-Sale Cost Gains Losses Value September 30, 2015 Obligations of U.S. government-sponsored entities and agencies $ 15,979 $ 326 $ $ 16,305 Obligations of state and political subdivisions 50,718 1,015 (144) 51,589 Mortgage-backed securities residential 61,945 708 (121) 62,532 Mortgage-backed securities commercial 1,486 9 1,495 Collateralized mortgage obligations residential 5,320 21 (16) 5,325 Pooled trust preferred security 174 343 517 Total available-for-sale securities $ 135,622 $ 2,422 $ (281) $ 137,763 Held-to-Maturity Amortized Gross Gross Fair September 30, 2015 Obligations of state and political subdivisions $ 3,565 $ 147 $ $ 3,712 Gross Gross Amortized Unrealized Unrealized Fair Availablefor-Sale Cost Gains Losses Value June 30, 2015 Obligations of U.S. government-sponsored entities and agencies $ 16,411 $ 178 $ (31) $ 16,558 Obligations of state and political subdivisions 48,557 811 (405) 48,963 Mortgage-backed securities residential 64,441 699 (226) 64,914 Mortgage-backed securities commercial 1,485 1 1,486 Collateralized mortgage obligations - residential 4,703 14 (34) 4,683 Pooled trust preferred security 184 356 540 Total available-for-sale securities $ 135,781 $ 2,059 $ (696) $ 137,144 Gross Gross Amortized Unrecognized Unrecognized Fair Held-to-Maturity Cost Gains Losses Value June 30, 2015 Obligations of state and political subdivisions $ 3,655 $ 67 $ $ 3,722 |
Schedule of Realized Gain (Loss) [Table Text Block] | Proceeds from the sale of available-for-sale securities were as follows: Three Months Ended September 30, 2015 2014 Proceeds from sales $ 1,990 $ 4,372 Gross realized gains 35 37 |
Available-for-sale Securities [Table Text Block] | The amortized cost and fair values of debt securities at September 30, 2015, by expected maturity, are shown below. Expected maturities will differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. Securities not due at a single maturity date, primarily mortgage-backed securities, collateralized mortgage obligations and the pooled trust preferred security are shown separately. Estimated Fair Available-for-Sale Amortized Cost Value Due in one year or less $ 6,210 $ 6,231 Due after one year through five years 13,742 14,068 Due after five years through ten years 29,146 29,752 Due after ten years 17,599 17,843 Total 66,697 67,894 U.S. Government-sponsored mortgage-backed and related securities 68,751 69,352 Pooled trust preferred security 174 517 Total available-for-sale securities $ 135,622 $ 137,763 Held-to-Maturity Due after five years through ten years 745 777 Due after ten years 2,820 2,935 Total held-to-maturity securities $ 3,565 $ 3,712 |
Available For Sale Securities Continuous Unrealized Loss Position Fair Value [Table Text Block] | The following table summarizes the securities with unrealized losses at September 30, 2015 and June 30, 2015, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position: Less than 12 Months 12 Months or more Total Fair Unrealized Fair Unrealized Fair Unrealized Available-for-sale Value Loss Value Loss Value Loss September 30, 2015 Obligations of states and political subdivisions 11,562 (116) 1,661 (28) 13,223 (144) Mortgage-backed securities - residential 20,393 (96) 3,155 (25) 23,548 (121) Collateralized mortgage obligations 3,036 (16) 3,036 (16) Total temporarily impaired $ 34,991 $ (228) $ 4,816 $ (53) $ 39,807 $ (281) Less than 12 Months 12 Months or more Total Fair Unrealized Fair Unrealized Fair Unrealized Available-for-sale Value Loss Value Loss Value Loss June 30, 2015 Obligation of U.S. government- sponsored entities and agencies $ 3,719 $ (31) $ $ $ 3,719 $ (31) Obligations of states and political subdivisions 18,796 (352) 2,145 (53) 20,941 (405) Mortgage-backed securities - residential 24,322 (200) 2,031 (26) 26,353 (226) Collateral mortgage obligation - residential 3,321 (34) 3,321 (34) Total temporarily impaired $ 50,158 $ (617) $ 4,176 $ (79) $ 54,334 $ (696) |
Loans (Tables)
Loans (Tables) | 3 Months Ended |
Sep. 30, 2015 | |
Receivables [Abstract] | |
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] | Major classifications of loans were as follows: September 30, June 30, 2015 2015 Commercial $ 36,890 $ 32,155 Commercial real estate: Construction 3,118 1,295 Other 142,702 143,680 1 4 Family residential real estate: Owner occupied 30,353 30,027 Non-owner occupied 13,897 14,555 Construction 661 234 Consumer 6,667 6,965 Subtotal 234,288 228,911 Less: Net deferred loan fees (374) (392) Allowance for loan losses (2,514) (2,432) Net Loans $ 231,400 $ 226,087 |
Allowance for Credit Losses on Financing Receivables [Table Text Block] | The following table presents the activity in the allowance for loan losses by portfolio segment for the three months ending September 30, 2015: 1-4 Family Commercial Residential Real Real Commercial Estate Estate Consumer Total Allowance for loan losses: Beginning balance $ 316 $ 1,660 $ 289 $ 167 $ 2,432 Provision for loan losses 71 70 (11) (38) 92 Loans charged-off (3) (18) (21) Recoveries 11 11 Total ending allowance balance $ 387 $ 1,727 $ 278 $ 122 $ 2,514 The following table presents the activity in the allowance for loan losses by portfolio segment for the three months ending September 30, 2014: 1-4 Family Commercial Residential Real Real Commercial Estate Estate Consumer Total Allowance for loan losses: Beginning balance $ 307 $ 1,440 $ 294 $ 364 $ 2,405 Provision for loan losses (7) 15 27 32 67 Loans charged-off (33) (33) (66) Recoveries 1 12 13 Total ending allowance balance $ 300 $ 1,455 $ 289 $ 375 $ 2,419 |
Loans Evaluated For Impairment [Table Text Block] | 506 374 1-4 Family Commercial Residential Real Real Commercial Estate Estate Consumer Total Allowance for loan losses: Ending allowance balance attributable to loans: Individually evaluated for impairment $ $ 164 $ 56 $ $ 220 Collectively evaluated for impairment 387 1,563 222 122 2,294 Total ending allowance balance $ 387 $ 1,727 $ 278 $ 122 $ 2,514 Recorded investment in loans: Loans individually evaluated for impairment $ $ 3,332 $ 1,080 $ $ 4,412 Loans collectively evaluated for impairment 36,957 142,429 43,955 6,667 230,008 Total ending loans balance $ 36,957 $ 145,761 $ 45,035 $ 6,667 $ 234,420 501 392 1-4 Family Commercial Residential Real Real Commercial Estate Estate Consumer Total Allowance for loan losses: Ending allowance balance attributable to loans: Individually evaluated for impairment $ $ 58 $ 12 $ $ 70 Collectively evaluated for impairment 316 1,602 277 167 2,362 Total ending allowance balance $ 316 $ 1,660 $ 289 $ 167 $ 2,432 Recorded investment in loans: Loans individually evaluated for impairment $ $ 2,786 $ 615 $ $ 3,401 Loans collectively evaluated for impairment 32,210 142,139 44,304 6,966 225,619 Total ending loans balance $ 32,210 $ 144,925 $ 44,919 $ 6,966 $ 229,020 |
Impaired Financing Receivables [Table Text Block] | The following table presents information related to average recorded investment and interest income associated with loans individually evaluated for impairment by class of loans as of September 30, 2015 and for the three months ended September 30, 2015: As of September 30, 2015 Three Months ended September 30, 2015 Unpaid Allowance for Average Interest Cash Basis Principal Recorded Loan Losses Recorded Income Interest Balance Investment Allocated Investment Recognized Recognized With no related allowance recorded: Commercial real estate: Construction $ 35 $ 35 $ $ 12 $ $ Other 2,394 2,117 2,059 1-4 Family residential real estate: Owner occupied 301 267 267 Non-owner occupied 232 232 77 With an allowance recorded: Commercial real estate: Other 1,209 1,180 164 894 9 9 1-4 Family residential real estate: Owner occupied 121 121 5 122 2 2 Non-owner occupied 511 460 51 458 4 4 Total $ 4,803 $ 4,412 $ 220 $ 3,889 $ 15 $ 15 The following table presents information related to loans individually evaluated for impairment by class of loans as of June 30, 2015 and for the three months ended September 30, 2014: As of June 30, 2015 Three Months ended September 30, 2014 Unpaid Allowance for Average Interest Cash Basis Principal Recorded Loan Losses Recorded Income Interest Balance Investment Allocated Investment Recognized Recognized With no related allowance recorded: Commercial real estate: Other $ 2,432 $ 2,082 $ $ 1,350 $ 1-4 Family residential real estate: Owner occupied 58 35 120 With an allowance recorded: Commercial real estate: Other 740 704 58 766 9 9 1-4 Family residential real estate: Owner occupied 122 123 4 126 2 2 Non-owner occupied 512 457 8 545 5 5 Total $ 3,864 $ 3,401 $ 70 $ 2,907 $ 16 $ 16 |
Investment In Non-Accrual and Loans Past Due Over 90 Days [Table Text Block] | September 30, 2015 June 30, 2015 Loans Past Due Loans Past Due Over 90 Days Over 90 Days Still Still Non-accrual Accruing Non-accrual Accruing Commercial real estate: Construction $ 35 $ $ $ Other 2,595 2,079 1 4 Family residential: Owner occupied 366 190 Non-owner occupied 232 Consumer 16 Total $ 3,244 $ $ 2,269 $ |
Past Due Financing Receivables [Table Text Block] | The following table presents the aging of the recorded investment in past due loans as of September 30, 2015 by class of loans: Days Past Due 30 - 59 60 - 89 90 Days or Total Loans Not Days Days Greater Past Due Past Due Total Commercial $ $ $ $ $ 36,957 $ 36,957 Commercial real estate: Construction 3,093 3,093 Other 250 113 1,954 2,317 140,351 142,668 1-4 Family residential: Owner occupied 80 112 206 398 30,073 30,471 Non-owner occupied 630 630 13,271 13,901 Construction 663 663 Consumer 44 1 16 61 6,606 6,667 Total $ 1,004 $ 226 $ 2,176 $ 3,406 $ 231,014 $ 234,420 The above table of past due loans includes the recorded investment in non-accrual loans of $ 224 2,176 844 The following table presents the aging of the recorded investment in past due loans as of June 30, 2015 by class of loans: Days Past Due 30 - 59 60 - 89 90 Days or Total Loans Not Days Days Greater Past Due Past Due Total Commercial $ $ 25 $ $ 25 $ 32,185 $ 32,210 Commercial real estate: Construction 1,270 1,270 Other 62 30 92 143,563 143,655 1-4 Family residential: Owner occupied 268 68 139 475 29,654 30,129 Non-owner occupied 8 8 14,547 14,555 Construction 235 235 Consumer 17 17 6,949 6,966 Total $ 347 $ 101 $ 169 $ 617 $ 228,403 $ 229,020 |
Financing Receivable Credit Quality Indicators [Table Text Block] | Based on the most recent analysis performed, the recorded investment by risk category of loans by class of loans was as follows: As of September 30, 2015 Special Not Pass Mention Substandard Doubtful Rated Commercial $ 31,302 $ 5,035 $ 95 $ $ 525 Commercial real estate: Construction 3,058 35 Other 132,333 3,776 2,786 2,004 1,769 1-4 Family residential real estate: Owner occupied 3,744 34 26,693 Non-owner occupied 12,200 459 1,019 223 Construction 476 187 Consumer 6,667 Total $ 183,113 $ 9,270 $ 3,935 $ 2,038 $ 36,064 As of June 30, 2015 Special Not Pass Mention Substandard Doubtful Rated Commercial $ 27,359 $ 4,030 $ 96 $ $ 725 Commercial real estate: Construction 1,224 46 Other 133,452 4,473 2,876 2,032 822 1-4 Family residential real estate: Owner occupied 4,029 35 26,065 Non-owner occupied 12,602 475 1,025 453 Construction 235 Consumer 6,966 Total $ 178,901 $ 8,978 $ 4,043 $ 2,067 $ 35,031 |
Fair Value (Tables)
Fair Value (Tables) | 3 Months Ended |
Sep. 30, 2015 | |
Fair Value Disclosures [Abstract] | |
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block] | Assets and liabilities measured at fair value on a recurring basis are summarized below, segregated by the level of the valuation inputs within the fair value hierarchy utilized to measure fair value: Fair Value Measurements at September 30, 2015 Using Balance at September 30, Level 1 Level 2 Level 3 Assets: Obligations of U.S. government-sponsored entities and agencies $ 16,305 $ $ 16,305 $ Obligations of states and political subdivisions 51,589 51,589 Mortgage-backed securities residential 62,532 62,532 Mortgage-backed securities commercial 1,495 1,495 Collateralized mortgage obligations - residential 5,325 5,325 Pooled trust preferred security 517 517 Fair Value Measurements at June 30, 2015 Using Balance at June 30, 2015 Level 1 Level 2 Level 3 Assets: Obligations of U.S. government-sponsored entities and agencies $ 16,558 $ $ 16,558 $ Obligations of states and political subdivisions 48,963 48,963 Mortgage-backed securities - residential 64,914 64,914 Mortgage-backed securities - commercial 1,486 1,486 Collateralized mortgage obligations - residential 4,683 4,683 Pooled trust preferred security 540 540 |
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis, Valuation Techniques [Table Text Block] | Financial assets and financial liabilities measured at fair value on a non-recurring basis are summarized below: Fair Value Measurements at September 30, 2015 Using Balance at September 30, Level 1 Level 2 Level 3 Impaired loans: Commercial Real Estate - Other $ 1,954 $ $ $ 1,954 Fair Value Measurements at June 30, 2015 Using Balance at June 30, 2015 Level 1 Level 2 Level 3 Impaired loans: Commercial Real Estate - Other $ 1,979 $ $ $ 1,979 |
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Table Text Block] | The following table presents quantitative information about Level 3 fair value measurements for financial instruments measured at fair value on a non-recurring basis at September 30, 2015: Fair Valuation Unobservable Weighted Value Technique Inputs Range Average Impaired loans: Liquidation adjustment Commercial Real Estate - Other $ 733 Income approach for distressed sales -40.0% -40.0% Liquidation adjustment Commercial Real Estate - Other $ 125 Cost approach for distressed sales -40.0% -40.0% Adjustment for Sales comparison differences between 82.9% to Commercial Real Estate - Other $ 1,096 approach comparable sales -38.7% -7.5% The following table presents quantitative information about Level 3 fair value measurements for financial instruments measured at fair value on a non-recurring basis at June 30, 2015: Fair Valuation Unobservable Weighted Value Technique Inputs Range Average Impaired loans: Liquidation adjustment Commercial Real Estate - Other $ 733 Income approach for distressed sales -40.0% -40.0% Liquidation adjustment Commercial Real Estate - Other $ 125 Cost approach for distressed sales -40.0% -40.0% Adjustment for Sales comparison differences between 82.9% to Commercial Real Estate - Other $ 1,121 approach comparable sales -71.6% -11.7% |
Schedule Of Carrying Values and Estimated Fair Values Of Debt Instruments [Table Text Block] | The following table shows the estimated fair values of financial instruments that are reported at amortized cost in the Corporation’s consolidated balance sheets, segregated by the level of the valuation inputs within the fair value hierarchy utilized to measure fair value: September 30, 2015 June 30, 2015 Estimated Estimated Carrying Fair Carrying Fair Amount Value Amount Value Financial Assets: Level 1 inputs: Cash and cash equivalents $ 13,648 $ 13,648 $ 10,544 $ 10,544 Level 2 inputs: Certificates of deposits in other financial institutions 5,913 5,910 4,470 4,456 Loans held for sale 307 310 462 468 Accrued interest receivable 1,310 1,310 1,035 1,035 Level 3 inputs: Securities held-to-maturity 3,565 3,712 3,655 3,722 Loans, net 231,400 232,295 226,087 226,915 Financial Liabilities: Level 2 inputs: Demand and savings deposits 275,893 275,893 266,635 266,635 Time deposits 64,998 65,104 66,361 66,498 Short-term borrowings 22,229 22,229 19,838 19,838 Federal Home Loan Bank advances 6,225 6,534 6,240 6,537 Accrued interest payable 39 39 41 41 |
Earnings Per Share (Tables)
Earnings Per Share (Tables) | 3 Months Ended |
Sep. 30, 2015 | |
Earnings Per Share [Abstract] | |
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | There were no equity instruments there were anti-dilutive for the three month periods ended September 30, 2015 and 2014. The following table details the calculation of basic and diluted earnings per share: For the Three Months Ended September 30, 2015 2014 Basic: Net income available to common shareholders $ 727 $ 756 Weighted average common shares outstanding 2,724,372 2,721,695 Basic income per share $ 0.27 $ 0.28 Diluted: Net income available to common shareholders $ 727 $ 756 Weighted average common shares outstanding 2,724,372 2,721,695 Dilutive effect of restricted stock 189 418 Total common shares and dilutive potential common shares 2,724,561 2,722,113 Dilutive income per share $ 0.27 $ 0.28 |
Accumulated Other Comprehensi20
Accumulated Other Comprehensive Income (Tables) | 3 Months Ended |
Sep. 30, 2015 | |
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract] | |
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block] | Affected Line Pretax Tax Effect After-tax Statements of Balance as of June 30, 2015 $ 1,363 $ (464) $ 899 Unrealized holding gain on available-for-sale securities arising during the period 813 (276) 537 Amounts reclassified from accumulated other comprehensive income (35) 12 (23) (a)(b) Net current period other comprehensive income 778 (264) 514 Balance as of September 30, 2015 $ 2,141 $ (728) $ 1,413 Balance as of June 30, 2014 $ 1,944 $ (661) $ 1,283 Unrealized holding loss on available-for-sale securities arising during the period (91) 31 (60) Amounts reclassified from accumulated other comprehensive income (37) 12 (25) (a)(b) Net current period other comprehensive income (128) 43 (85) Balance as of September 30, 2014 $ 1,816 $ (618) $ 1,198 (a) Securities gains, net (b) Income tax expense |
Securities (Details)
Securities (Details) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended |
Sep. 30, 2015 | Jun. 30, 2015 | |
Schedule of Available-for-sale Securities [Line Items] | ||
Available for sale securities, Amortized Cost | $ 135,622 | $ 135,781 |
Available for sale securities, Gross Unrealized Gains | 2,422 | 2,059 |
Available for sale securities, Gross Unrealized Losses | (281) | (696) |
Available for sale securities, Fair Value | 137,763 | 137,144 |
Held-to-maturity, Amortized Cost | 3,565 | |
Held-to-maturity, Fair Value | 3,712 | 3,722 |
US Government-Sponsored Enterprises Debt Securities [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Available for sale securities, Amortized Cost | 15,979 | 16,411 |
Available for sale securities, Gross Unrealized Gains | 326 | 178 |
Available for sale securities, Gross Unrealized Losses | 0 | (31) |
Available for sale securities, Fair Value | 16,305 | 16,558 |
US States and Political Subdivisions Debt Securities [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Available for sale securities, Amortized Cost | 50,718 | 48,557 |
Available for sale securities, Gross Unrealized Gains | 1,015 | 811 |
Available for sale securities, Gross Unrealized Losses | (144) | (405) |
Available for sale securities, Fair Value | 51,589 | 48,963 |
Held-to-maturity, Amortized Cost | 3,565 | 3,655 |
Held-to-maturity, Gross Unrecognized Gains | 147 | 67 |
Held-to-maturity, Gross Unrecognized Losses | 0 | 0 |
Held-to-maturity, Fair Value | 3,712 | 3,722 |
Residential Mortgage Backed Securities [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Available for sale securities, Amortized Cost | 61,945 | 64,441 |
Available for sale securities, Gross Unrealized Gains | 708 | 699 |
Available for sale securities, Gross Unrealized Losses | (121) | (226) |
Available for sale securities, Fair Value | 62,532 | 64,914 |
Commercial Mortgage Backed Securities [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Available for sale securities, Amortized Cost | 1,486 | 1,485 |
Available for sale securities, Gross Unrealized Gains | 9 | 1 |
Available for sale securities, Gross Unrealized Losses | 0 | 0 |
Available for sale securities, Fair Value | 1,495 | 1,486 |
Collateralized Mortgage Obligations [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Available for sale securities, Amortized Cost | 5,320 | 4,703 |
Available for sale securities, Gross Unrealized Gains | 21 | 14 |
Available for sale securities, Gross Unrealized Losses | (16) | (34) |
Available for sale securities, Fair Value | 5,325 | 4,683 |
Pooled Trust Preferred Securities Subject To Mandatory Redemption [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Available for sale securities, Amortized Cost | 174 | 184 |
Available for sale securities, Gross Unrealized Gains | 343 | 356 |
Available for sale securities, Gross Unrealized Losses | 0 | 0 |
Available for sale securities, Fair Value | $ 517 | $ 540 |
Securities (Details 1)
Securities (Details 1) - USD ($) $ in Thousands | 3 Months Ended | |
Sep. 30, 2015 | Sep. 30, 2014 | |
Investments Debt And Equity Securities [Line Items] | ||
Proceeds from sales | $ 1,990 | $ 4,372 |
Gross realized gains | $ 35 | $ 37 |
Securities (Details 2)
Securities (Details 2) - USD ($) $ in Thousands | Sep. 30, 2015 | Jun. 30, 2015 |
Schedule of Available-for-sale Securities [Line Items] | ||
Available for sale securities, Due in one year or less, Amortized cost | $ 6,210 | |
Available for sale securities, Due after one year through five years, Amortized cost | 13,742 | |
Available for sale securities, Due after five years through ten years, Amortized cost | 29,146 | |
Available for sale securities, Due after ten years, Amortized cost | 17,599 | |
Available for sale securities, Amortized Cost Total | 66,697 | |
Available for sale securities, Amortized Cost | 135,622 | $ 135,781 |
Available for sale securities, Due in one year or less, Fair Value | 6,231 | |
Available for sale securities, Due after one year through five years, Fair Value | 14,068 | |
Available for sale securities, Due after five years through ten years, Fair Value | 29,752 | |
Available for sale securities, Due after ten years, Fair Value | 17,843 | |
Available for sale securities, Fair Value Total | 67,894 | |
Available for sale securities, Fair Value | 137,763 | 137,144 |
Held-to-maturity Securities, Debt Maturities, after Five years Through Ten Years,Amortized cost | 745 | |
Held-to-maturity, Due after ten years, Amortized Cost | 2,820 | |
Held-to-maturity Securities, Debt Maturities, after five Years Through Ten years,Estimated Fair Value | 777 | |
Held-to-maturity, Due after ten years, Fair Value | 2,935 | |
Held-to-maturity, Amortized Cost | 3,565 | |
Held-to-maturity, Fair Value | 3,712 | 3,722 |
Pooled Trust Preferred Securities Subject To Mandatory Redemption [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Available for sale securities, Amortized Cost | 174 | 184 |
Available for sale securities, Fair Value | 517 | $ 540 |
U.S. Government-sponsored mortgage-backed and related securities [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Available for sale securities, Amortized Cost | 68,751 | |
Available for sale securities, Fair Value | $ 69,352 |
Securities (Details 3)
Securities (Details 3) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended |
Sep. 30, 2015 | Jun. 30, 2015 | |
Schedule of Available-for-sale Securities [Line Items] | ||
Available for sale securities, Fair Value, Less than 12 months | $ 34,991 | $ 50,158 |
Available for sale securities, Unrealized Loss, Less than 12 Months | (228) | (617) |
Available for sale securities, Fair Value, 12 Months or more | 4,816 | 4,176 |
Available for sale securities, Unrealized Loss, 12 Months or more | (53) | (79) |
Available for sale securities, Fair Value, Total | 39,807 | 54,334 |
Available for sale securities, Unrealized Loss | (281) | (696) |
Us Government-Sponsored Enterprises Debt Securities [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Available for sale securities, Fair Value, Less than 12 months | 3,719 | |
Available for sale securities, Unrealized Loss, Less than 12 Months | (31) | |
Available for sale securities, Fair Value, 12 Months or more | 0 | |
Available for sale securities, Unrealized Loss, 12 Months or more | 0 | |
Available for sale securities, Fair Value, Total | 3,719 | |
Available for sale securities, Unrealized Loss | 0 | (31) |
Us States and Political Subdivisions Debt Securities [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Available for sale securities, Fair Value, Less than 12 months | 11,562 | 18,796 |
Available for sale securities, Unrealized Loss, Less than 12 Months | (116) | (352) |
Available for sale securities, Fair Value, 12 Months or more | 1,661 | 2,145 |
Available for sale securities, Unrealized Loss, 12 Months or more | (28) | (53) |
Available for sale securities, Fair Value, Total | 13,223 | 20,941 |
Available for sale securities, Unrealized Loss | (144) | (405) |
Residential Mortgage Backed Securities [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Available for sale securities, Fair Value, Less than 12 months | 20,393 | 24,322 |
Available for sale securities, Unrealized Loss, Less than 12 Months | (96) | (200) |
Available for sale securities, Fair Value, 12 Months or more | 3,155 | 2,031 |
Available for sale securities, Unrealized Loss, 12 Months or more | (25) | (26) |
Available for sale securities, Fair Value, Total | 23,548 | 26,353 |
Available for sale securities, Unrealized Loss | (121) | (226) |
Collateralized Mortgage Obligations [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Available for sale securities, Fair Value, Less than 12 months | 3,036 | 3,321 |
Available for sale securities, Unrealized Loss, Less than 12 Months | (16) | (34) |
Available for sale securities, Fair Value, 12 Months or more | 0 | 0 |
Available for sale securities, Unrealized Loss, 12 Months or more | 0 | 0 |
Available for sale securities, Fair Value, Total | 3,036 | 3,321 |
Available for sale securities, Unrealized Loss | $ (16) | $ (34) |
Securities (Details Textual)
Securities (Details Textual) - USD ($) $ in Thousands | 3 Months Ended | |
Sep. 30, 2015 | Sep. 30, 2014 | |
Schedule of Available-for-sale Securities [Line Items] | ||
Available For Sale Securities Income Tax Provision On Gross Realized Gains | $ 12 | $ 12 |
Other Than Temporary Available For Sale Securities Evaluation Methodology | In determining OTTI under the ASC Topic 320 model, management considers many factors, including: (1)the length of time and the extent to which the fair value has been less than cost, (2)the financial condition and near-term prospects of the issuer, (3)whether the market decline was affected by macroeconomic conditions, and (4)whether the entity has the intent to sell the debt security or more likely than not will be required to sell the debt security before its anticipated recovery. The assessment of whether an other-than-temporary decline exists involves a high degree of subjectivity and judgment and is based on the information available to management at a point in time. |
Loans (Details)
Loans (Details) - USD ($) $ in Thousands | Sep. 30, 2015 | Jun. 30, 2015 | Sep. 30, 2014 | Jun. 30, 2014 |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Subtotal | $ 234,288 | $ 228,911 | ||
Less: Net deferred loan fees | (374) | (392) | ||
Allowance for loan losses | (2,514) | (2,432) | $ (2,419) | $ (2,405) |
Net loans | 231,400 | 226,087 | ||
Commercial Loan [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Subtotal | 36,890 | 32,155 | ||
Allowance for loan losses | (387) | (316) | (300) | (307) |
Commercial Real Estate [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Subtotal | 3,118 | 1,295 | ||
Allowance for loan losses | (1,727) | (1,660) | (1,455) | (1,440) |
Other Commercial Real Estate [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Subtotal | 142,702 | 143,680 | ||
Residential Real Estate Owner Occupied [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Subtotal | 30,353 | 30,027 | ||
Residential Real Estate Non Owner Occupied [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Subtotal | 13,897 | 14,555 | ||
Residential Real Estate Construction [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Subtotal | 661 | 234 | ||
Consumer Loan [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Subtotal | 6,667 | 6,965 | ||
Allowance for loan losses | $ (122) | $ (167) | $ (375) | $ (364) |
Loans (Details 1)
Loans (Details 1) - USD ($) $ in Thousands | 3 Months Ended | |
Sep. 30, 2015 | Sep. 30, 2014 | |
Allowance for loan losses: | ||
Beginning balance | $ 2,432 | $ 2,405 |
Provision for loan losses | 92 | 67 |
Loans charged-off | (21) | (66) |
Recoveries | 11 | 13 |
Total ending allowance balance | 2,514 | 2,419 |
Commercial Loan [Member] | ||
Allowance for loan losses: | ||
Beginning balance | 316 | 307 |
Provision for loan losses | 71 | (7) |
Loans charged-off | 0 | 0 |
Recoveries | 0 | 0 |
Total ending allowance balance | 387 | 300 |
Commercial Real Estate [Member] | ||
Allowance for loan losses: | ||
Beginning balance | 1,660 | 1,440 |
Provision for loan losses | 70 | 15 |
Loans charged-off | (3) | 0 |
Recoveries | 0 | 0 |
Total ending allowance balance | 1,727 | 1,455 |
Residential Mortgage [Member] | ||
Allowance for loan losses: | ||
Beginning balance | 289 | 294 |
Provision for loan losses | (11) | 27 |
Loans charged-off | 0 | (33) |
Recoveries | 0 | 1 |
Total ending allowance balance | 278 | 289 |
Consumer Loan [Member] | ||
Allowance for loan losses: | ||
Beginning balance | 167 | 364 |
Provision for loan losses | (38) | 32 |
Loans charged-off | (18) | (33) |
Recoveries | 11 | 12 |
Total ending allowance balance | $ 122 | $ 375 |
Loans (Details 2)
Loans (Details 2) - USD ($) $ in Thousands | Sep. 30, 2015 | Jun. 30, 2015 | Sep. 30, 2014 | Jun. 30, 2014 |
Allowance for loan losses: | ||||
Individually evaluated for impairment | $ 220 | $ 70 | ||
Collectively evaluated for impairment | 2,294 | 2,362 | ||
Total ending allowance balance | 2,514 | 2,432 | $ 2,419 | $ 2,405 |
Recorded investment in loans: | ||||
Loans individually evaluated for impairment | 4,412 | 3,401 | ||
Loans collectively evaluated for impairment | 230,008 | 225,619 | ||
Total ending loans balance | 234,420 | 229,020 | ||
Commercial Loan [Member] | ||||
Allowance for loan losses: | ||||
Individually evaluated for impairment | 0 | 0 | ||
Collectively evaluated for impairment | 387 | 316 | ||
Total ending allowance balance | 387 | 316 | 300 | 307 |
Recorded investment in loans: | ||||
Loans individually evaluated for impairment | 0 | 0 | ||
Loans collectively evaluated for impairment | 36,957 | 32,210 | ||
Total ending loans balance | 36,957 | 32,210 | ||
Commercial Real Estate [Member] | ||||
Allowance for loan losses: | ||||
Individually evaluated for impairment | 164 | 58 | ||
Collectively evaluated for impairment | 1,563 | 1,602 | ||
Total ending allowance balance | 1,727 | 1,660 | 1,455 | 1,440 |
Recorded investment in loans: | ||||
Loans individually evaluated for impairment | 3,332 | 2,786 | ||
Loans collectively evaluated for impairment | 142,429 | 142,139 | ||
Total ending loans balance | 145,761 | 144,925 | ||
Residential Mortgage [Member] | ||||
Allowance for loan losses: | ||||
Individually evaluated for impairment | 56 | 12 | ||
Collectively evaluated for impairment | 222 | 277 | ||
Total ending allowance balance | 278 | 289 | 289 | 294 |
Recorded investment in loans: | ||||
Loans individually evaluated for impairment | 1,080 | 615 | ||
Loans collectively evaluated for impairment | 43,955 | 44,304 | ||
Total ending loans balance | 45,035 | 44,919 | ||
Consumer Loan [Member] | ||||
Allowance for loan losses: | ||||
Individually evaluated for impairment | 0 | 0 | ||
Collectively evaluated for impairment | 122 | 167 | ||
Total ending allowance balance | 122 | 167 | $ 375 | $ 364 |
Recorded investment in loans: | ||||
Loans individually evaluated for impairment | 0 | 0 | ||
Loans collectively evaluated for impairment | 6,667 | 6,966 | ||
Total ending loans balance | $ 6,667 | $ 6,966 |
Loans (Details 3)
Loans (Details 3) - USD ($) $ in Thousands | 3 Months Ended | ||
Sep. 30, 2015 | Sep. 30, 2014 | Jun. 30, 2014 | |
With an allowance recorded: | |||
Average Recorded Investment | $ 2,907 | ||
Unpaid Principal balance | $ 4,803 | $ 3,864 | |
Recorded Investment | 4,412 | 3,401 | |
Allowance For Loan Losses Allocated | 220 | 70 | |
Average Recorded Investment | 3,889 | ||
Interest Income Recognized | 15 | 16 | |
Cash Basis Interest Recognized | 15 | 16 | |
Other Commercial Real Estate [Member] | |||
With no related allowance recorded: | |||
Unpaid Principal Balance | 2,394 | 2,432 | |
Recorded Investment | 2,117 | 2,082 | |
Average Recorded Investment | 2,059 | 1,350 | |
Interest Income Recognized | 0 | 0 | |
Cash Basis Interest Recognized | 0 | 0 | |
With an allowance recorded: | |||
Unpaid Principal Balance | 1,209 | 740 | |
Recorded Investment | 1,180 | 704 | |
Allowance for Loan Losses Allocated | 164 | 58 | |
Average Recorded Investment | 894 | 766 | |
Interest Income Recognized | 9 | 9 | |
Cash Basis Interest Recognized | 9 | 9 | |
Allowance For Loan Losses Allocated | 0 | 0 | |
Residential Real Estate Owner Occupied [Member] | |||
With no related allowance recorded: | |||
Unpaid Principal Balance | 301 | 58 | |
Recorded Investment | 267 | 35 | |
Average Recorded Investment | 267 | 120 | |
Interest Income Recognized | 0 | 0 | |
Cash Basis Interest Recognized | 0 | 0 | |
With an allowance recorded: | |||
Unpaid Principal Balance | 121 | 122 | |
Recorded Investment | 121 | 123 | |
Allowance for Loan Losses Allocated | 5 | 4 | |
Average Recorded Investment | 122 | 126 | |
Interest Income Recognized | 2 | 2 | |
Cash Basis Interest Recognized | 2 | 2 | |
Allowance For Loan Losses Allocated | 0 | 0 | |
Residential Real Estate Non Owner Occupied [Member] | |||
With no related allowance recorded: | |||
Unpaid Principal Balance | 232 | ||
Recorded Investment | 232 | ||
Average Recorded Investment | 77 | ||
Interest Income Recognized | 0 | ||
Cash Basis Interest Recognized | 0 | ||
With an allowance recorded: | |||
Unpaid Principal Balance | 511 | 512 | |
Recorded Investment | 460 | 457 | |
Allowance for Loan Losses Allocated | 51 | $ 8 | |
Average Recorded Investment | 458 | 545 | |
Interest Income Recognized | 4 | 5 | |
Cash Basis Interest Recognized | 4 | $ 5 | |
Allowance For Loan Losses Allocated | 0 | ||
Construction Loans [Member] | |||
With no related allowance recorded: | |||
Unpaid Principal Balance | 35 | ||
Recorded Investment | 35 | ||
Average Recorded Investment | 12 | ||
Interest Income Recognized | 0 | ||
Cash Basis Interest Recognized | 0 | ||
With an allowance recorded: | |||
Allowance For Loan Losses Allocated | $ 0 |
Loans (Details 4)
Loans (Details 4) - USD ($) $ in Thousands | Sep. 30, 2015 | Jun. 30, 2015 |
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Recorded investment, Loans non-accrual | $ 3,244 | $ 2,269 |
Recorded investment, Loans Past Due Over 90 Days Still Accruing | 0 | 0 |
Other Commercial Real Estate [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Recorded investment, Loans non-accrual | 2,595 | 2,079 |
Recorded investment, Loans Past Due Over 90 Days Still Accruing | 0 | 0 |
Residential Real Estate Owner Occupied [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Recorded investment, Loans non-accrual | 366 | 190 |
Recorded investment, Loans Past Due Over 90 Days Still Accruing | 0 | 0 |
Residential Real Estate Non Owner Occupied [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Recorded investment, Loans non-accrual | 232 | 0 |
Recorded investment, Loans Past Due Over 90 Days Still Accruing | 0 | 0 |
Consumer Loan [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Recorded investment, Loans non-accrual | 16 | 0 |
Recorded investment, Loans Past Due Over 90 Days Still Accruing | 0 | 0 |
Construction Loans [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Recorded investment, Loans non-accrual | 35 | 0 |
Recorded investment, Loans Past Due Over 90 Days Still Accruing | $ 0 | $ 0 |
Loans (Details 5)
Loans (Details 5) - USD ($) $ in Thousands | Sep. 30, 2015 | Jun. 30, 2015 |
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Recorded investments, Total Past Due | $ 3,406 | $ 617 |
Recorded investments, Loans Not Past Due | 231,014 | 228,403 |
Recorded investments, Total | 234,420 | 229,020 |
Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Recorded investments, Total Past Due | 1,004 | 347 |
Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Recorded investments, Total Past Due | 226 | 101 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Recorded investments, Total Past Due | 2,176 | 169 |
Commercial Loan [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Recorded investments, Total Past Due | 0 | 25 |
Recorded investments, Loans Not Past Due | 36,957 | 32,185 |
Recorded investments, Total | 36,957 | 32,210 |
Commercial Loan [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Recorded investments, Total Past Due | 0 | 0 |
Commercial Loan [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Recorded investments, Total Past Due | 0 | 25 |
Commercial Loan [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Recorded investments, Total Past Due | 0 | 0 |
Commercial Real Estate Construction [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Recorded investments, Total Past Due | 0 | 0 |
Recorded investments, Loans Not Past Due | 3,093 | 1,270 |
Recorded investments, Total | 3,093 | 1,270 |
Commercial Real Estate Construction [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Recorded investments, Total Past Due | 0 | 0 |
Commercial Real Estate Construction [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Recorded investments, Total Past Due | 0 | 0 |
Commercial Real Estate Construction [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Recorded investments, Total Past Due | 0 | 0 |
Other Commercial Real Estate [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Recorded investments, Total Past Due | 2,317 | 92 |
Recorded investments, Loans Not Past Due | 140,351 | 143,563 |
Recorded investments, Total | 142,668 | 143,655 |
Other Commercial Real Estate [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Recorded investments, Total Past Due | 250 | 62 |
Other Commercial Real Estate [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Recorded investments, Total Past Due | 113 | 0 |
Other Commercial Real Estate [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Recorded investments, Total Past Due | 1,954 | 30 |
Residential Real Estate Owner Occupied [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Recorded investments, Total Past Due | 398 | 475 |
Recorded investments, Loans Not Past Due | 30,073 | 29,654 |
Recorded investments, Total | 30,471 | 30,129 |
Residential Real Estate Owner Occupied [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Recorded investments, Total Past Due | 80 | 268 |
Residential Real Estate Owner Occupied [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Recorded investments, Total Past Due | 112 | 68 |
Residential Real Estate Owner Occupied [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Recorded investments, Total Past Due | 206 | 139 |
Residential Real Estate Non Owner Occupied [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Recorded investments, Total Past Due | 630 | 8 |
Recorded investments, Loans Not Past Due | 13,271 | 14,547 |
Recorded investments, Total | 13,901 | 14,555 |
Residential Real Estate Non Owner Occupied [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Recorded investments, Total Past Due | 630 | 0 |
Residential Real Estate Non Owner Occupied [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Recorded investments, Total Past Due | 0 | 8 |
Residential Real Estate Non Owner Occupied [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Recorded investments, Total Past Due | 0 | 0 |
Residential Real Estate Construction [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Recorded investments, Total Past Due | 0 | 0 |
Recorded investments, Loans Not Past Due | 663 | 235 |
Recorded investments, Total | 663 | 235 |
Residential Real Estate Construction [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Recorded investments, Total Past Due | 0 | 0 |
Residential Real Estate Construction [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Recorded investments, Total Past Due | 0 | 0 |
Residential Real Estate Construction [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Recorded investments, Total Past Due | 0 | 0 |
Consumer Loan [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Recorded investments, Total Past Due | 61 | 17 |
Recorded investments, Loans Not Past Due | 6,606 | 6,949 |
Recorded investments, Total | 6,667 | 6,966 |
Consumer Loan [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Recorded investments, Total Past Due | 44 | 17 |
Consumer Loan [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Recorded investments, Total Past Due | 1 | 0 |
Consumer Loan [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Recorded investments, Total Past Due | $ 16 | $ 0 |
Loans (Details 6)
Loans (Details 6) - USD ($) $ in Thousands | Sep. 30, 2015 | Jun. 30, 2015 |
Pass [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Recorded investment | $ 183,113 | $ 178,901 |
Special Mention [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Recorded investment | 9,270 | 8,978 |
Substandard [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Recorded investment | 3,935 | 4,043 |
Doubtful [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Recorded investment | 2,038 | 2,067 |
Not Rated [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Recorded investment | 36,064 | 35,031 |
Commercial Loan [Member] | Pass [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Recorded investment | 31,302 | 27,359 |
Commercial Loan [Member] | Special Mention [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Recorded investment | 5,035 | 4,030 |
Commercial Loan [Member] | Substandard [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Recorded investment | 95 | 96 |
Commercial Loan [Member] | Doubtful [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Recorded investment | 0 | 0 |
Commercial Loan [Member] | Not Rated [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Recorded investment | 525 | 725 |
Commercial Real Estate Construction [Member] | Pass [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Recorded investment | 3,058 | 1,224 |
Commercial Real Estate Construction [Member] | Special Mention [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Recorded investment | 0 | 0 |
Commercial Real Estate Construction [Member] | Substandard [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Recorded investment | 35 | 46 |
Commercial Real Estate Construction [Member] | Doubtful [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Recorded investment | 0 | 0 |
Commercial Real Estate Construction [Member] | Not Rated [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Recorded investment | 0 | 0 |
Other Commercial Real Estate [Member] | Pass [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Recorded investment | 132,333 | 133,452 |
Other Commercial Real Estate [Member] | Special Mention [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Recorded investment | 3,776 | 4,473 |
Other Commercial Real Estate [Member] | Substandard [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Recorded investment | 2,786 | 2,876 |
Other Commercial Real Estate [Member] | Doubtful [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Recorded investment | 2,004 | 2,032 |
Other Commercial Real Estate [Member] | Not Rated [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Recorded investment | 1,769 | 822 |
Residential Real Estate Owner Occupied [Member] | Pass [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Recorded investment | 3,744 | 4,029 |
Residential Real Estate Owner Occupied [Member] | Special Mention [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Recorded investment | 0 | 0 |
Residential Real Estate Owner Occupied [Member] | Substandard [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Recorded investment | 0 | 0 |
Residential Real Estate Owner Occupied [Member] | Doubtful [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Recorded investment | 34 | 35 |
Residential Real Estate Owner Occupied [Member] | Not Rated [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Recorded investment | 26,693 | 26,065 |
Residential Real Estate Non Owner Occupied [Member] | Pass [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Recorded investment | 12,200 | 12,602 |
Residential Real Estate Non Owner Occupied [Member] | Special Mention [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Recorded investment | 459 | 475 |
Residential Real Estate Non Owner Occupied [Member] | Substandard [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Recorded investment | 1,019 | 1,025 |
Residential Real Estate Non Owner Occupied [Member] | Doubtful [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Recorded investment | 0 | 0 |
Residential Real Estate Non Owner Occupied [Member] | Not Rated [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Recorded investment | 223 | 453 |
Residential Real Estate Construction [Member] | Pass [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Recorded investment | 476 | 235 |
Residential Real Estate Construction [Member] | Special Mention [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Recorded investment | 0 | 0 |
Residential Real Estate Construction [Member] | Substandard [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Recorded investment | 0 | 0 |
Residential Real Estate Construction [Member] | Doubtful [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Recorded investment | 0 | 0 |
Residential Real Estate Construction [Member] | Not Rated [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Recorded investment | 187 | 0 |
Consumer Loan [Member] | Pass [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Recorded investment | 0 | 0 |
Consumer Loan [Member] | Special Mention [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Recorded investment | 0 | 0 |
Consumer Loan [Member] | Substandard [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Recorded investment | 0 | 0 |
Consumer Loan [Member] | Doubtful [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Recorded investment | 0 | 0 |
Consumer Loan [Member] | Not Rated [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Recorded investment | $ 6,667 | $ 6,966 |
Loans (Details Textual)
Loans (Details Textual) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended |
Sep. 30, 2015 | Jun. 30, 2015 | |
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Recorded investment in loans: | $ 506 | $ 501 |
Loans and Leases Receivable, Deferred Income | 374 | 392 |
Financing Receivable, Recorded Investment, Past Due | 3,406 | 617 |
Financing Receivable, Modifications, Recorded Investment | 1,330 | 1,335 |
Troubled Debt Restructuring, Debtor, Subsequent Periods, Contingent Payments, Amount | 129 | 70 |
Total Outstanding On Commercial and Commercial Real Estate Loans | 100 | |
Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Financing Receivable, Recorded Investment, Past Due | 226 | 101 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Financing Receivable, Recorded Investment, Past Due | 2,176 | 169 |
Non-accrual Loans [Member] | Financing Receivables Not Past Due [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Financing Receivable, Recorded Investment, Past Due | 844 | 2,100 |
Non-accrual Loans [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Financing Receivable, Recorded Investment, Past Due | 224 | |
Non-accrual Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Financing Receivable, Recorded Investment, Past Due | $ 2,176 | $ 169 |
Fair Value (Details)
Fair Value (Details) - USD ($) $ in Thousands | Sep. 30, 2015 | Jun. 30, 2015 |
Assets: | ||
Obligations of U.S. government-sponsored entities and agencies | $ 16,305 | $ 16,558 |
Obligations of states and political subdivisions | 51,589 | 48,963 |
Securities, available-for-sale | 137,763 | 137,144 |
Residential Mortgage Backed Securities [Member] | ||
Assets: | ||
Securities, available-for-sale | 62,532 | 64,914 |
Commercial Mortgage Backed Securities [Member] | ||
Assets: | ||
Securities, available-for-sale | 1,495 | 1,486 |
Collateralized Mortgage Obligations [Member] | ||
Assets: | ||
Securities, available-for-sale | 5,325 | 4,683 |
Pooled trust preferred security [Member] | ||
Assets: | ||
Securities, available-for-sale | 517 | 540 |
Fair Value, Inputs, Level 1 [Member] | ||
Assets: | ||
Obligations of U.S. government-sponsored entities and agencies | 0 | 0 |
Obligations of states and political subdivisions | 0 | 0 |
Fair Value, Inputs, Level 1 [Member] | Residential Mortgage Backed Securities [Member] | ||
Assets: | ||
Securities, available-for-sale | 0 | 0 |
Fair Value, Inputs, Level 1 [Member] | Commercial Mortgage Backed Securities [Member] | ||
Assets: | ||
Securities, available-for-sale | 0 | 0 |
Fair Value, Inputs, Level 1 [Member] | Collateralized Mortgage Obligations [Member] | ||
Assets: | ||
Securities, available-for-sale | 0 | 0 |
Fair Value, Inputs, Level 1 [Member] | Pooled trust preferred security [Member] | ||
Assets: | ||
Securities, available-for-sale | 0 | 0 |
Fair Value, Inputs, Level 2 [Member] | ||
Assets: | ||
Obligations of U.S. government-sponsored entities and agencies | 16,305 | 16,558 |
Obligations of states and political subdivisions | 51,589 | 48,963 |
Fair Value, Inputs, Level 2 [Member] | Residential Mortgage Backed Securities [Member] | ||
Assets: | ||
Securities, available-for-sale | 62,532 | 64,914 |
Fair Value, Inputs, Level 2 [Member] | Commercial Mortgage Backed Securities [Member] | ||
Assets: | ||
Securities, available-for-sale | 1,495 | 1,486 |
Fair Value, Inputs, Level 2 [Member] | Collateralized Mortgage Obligations [Member] | ||
Assets: | ||
Securities, available-for-sale | 5,325 | 4,683 |
Fair Value, Inputs, Level 2 [Member] | Pooled trust preferred security [Member] | ||
Assets: | ||
Securities, available-for-sale | 517 | 540 |
Fair Value, Inputs, Level 3 [Member] | ||
Assets: | ||
Obligations of U.S. government-sponsored entities and agencies | 0 | 0 |
Obligations of states and political subdivisions | 0 | 0 |
Fair Value, Inputs, Level 3 [Member] | Residential Mortgage Backed Securities [Member] | ||
Assets: | ||
Securities, available-for-sale | 0 | 0 |
Fair Value, Inputs, Level 3 [Member] | Commercial Mortgage Backed Securities [Member] | ||
Assets: | ||
Securities, available-for-sale | 0 | 0 |
Fair Value, Inputs, Level 3 [Member] | Collateralized Mortgage Obligations [Member] | ||
Assets: | ||
Securities, available-for-sale | 0 | 0 |
Fair Value, Inputs, Level 3 [Member] | Pooled trust preferred security [Member] | ||
Assets: | ||
Securities, available-for-sale | $ 0 | $ 0 |
Fair Value (Details 1)
Fair Value (Details 1) - Commercial Real Estate - Other [Member] - USD ($) $ in Thousands | Sep. 30, 2015 | Jun. 30, 2015 |
Impaired loans: | ||
Assets, Fair Value Disclosure, Nonrecurring | $ 1,954 | $ 1,979 |
Fair Value, Inputs, Level 1 [Member] | ||
Impaired loans: | ||
Assets, Fair Value Disclosure, Nonrecurring | 0 | 0 |
Fair Value, Inputs, Level 2 [Member] | ||
Impaired loans: | ||
Assets, Fair Value Disclosure, Nonrecurring | 0 | 0 |
Fair Value, Inputs, Level 3 [Member] | ||
Impaired loans: | ||
Assets, Fair Value Disclosure, Nonrecurring | $ 1,954 | $ 1,979 |
Fair Value (Details 2)
Fair Value (Details 2) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended |
Sep. 30, 2015 | Jun. 30, 2015 | |
Income approach [Member] | ||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||
Fair Value | $ 733 | $ 733 |
Valuation Technique | Income approach | Income approach |
Unobservable Inputs | Liquidation adjustment for distressed sales | Liquidation adjustment for distressed sales |
Range | (40.00%) | (40.00%) |
Weighted Average | (40.00%) | (40.00%) |
Cost approach [Member] | ||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||
Fair Value | $ 125 | $ 125 |
Valuation Technique | Cost approach | Cost approach |
Unobservable Inputs | Liquidation adjustment for distressed sales | Liquidation adjustment for distressed sales |
Range | (40.00%) | (40.00%) |
Weighted Average | (40.00%) | (40.00%) |
Sales comparison approach [Member] | ||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||
Fair Value | $ 1,096 | $ 1,121 |
Valuation Technique | Sales comparison approach | Sales comparison approach |
Unobservable Inputs | Adjustment for differences between comparable sales | Adjustment for differences between comparable sales |
Weighted Average | (7.50%) | (11.70%) |
Minimum [Member] | Sales comparison approach [Member] | ||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||
Range | (38.70%) | (71.60%) |
Maximum [Member] | Sales comparison approach [Member] | ||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||
Range | 82.90% | 82.90% |
Fair Value (Details 3)
Fair Value (Details 3) - USD ($) $ in Thousands | Sep. 30, 2015 | Jun. 30, 2015 |
Financial Assets: | ||
Certificates of deposits in other financial institutions | $ 5,913 | $ 4,470 |
Loans held for sale | 307 | 462 |
Securities held-to-maturity | 3,712 | 3,722 |
Loans, net | 231,400 | 226,087 |
Financial Liabilities: | ||
Time deposits | 64,998 | 66,361 |
Short-term borrowings | 22,229 | 19,838 |
Federal Home Loan Bank advances | 6,225 | 6,240 |
Carrying (Reported) Amount, Fair Value Disclosure [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Financial Assets: | ||
Cash and cash equivalents | 13,648 | 10,544 |
Carrying (Reported) Amount, Fair Value Disclosure [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Financial Assets: | ||
Certificates of deposits in other financial institutions | 5,913 | 4,470 |
Loans held for sale | 307 | 462 |
Accrued interest receivable | 1,310 | 1,035 |
Financial Liabilities: | ||
Demand and savings deposits | 275,893 | 266,635 |
Time deposits | 64,998 | 66,361 |
Short-term borrowings | 22,229 | 19,838 |
Federal Home Loan Bank advances | 6,225 | 6,240 |
Accrued interest payable | 39 | 41 |
Carrying (Reported) Amount, Fair Value Disclosure [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Financial Assets: | ||
Securities held-to-maturity | 3,565 | 3,655 |
Loans, net | 231,400 | 226,087 |
Estimate Of Fair Value, Fair Value Disclosure [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Financial Assets: | ||
Cash and cash equivalents | 13,648 | 10,544 |
Estimate Of Fair Value, Fair Value Disclosure [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Financial Assets: | ||
Certificates of deposits in other financial institutions | 5,910 | 4,456 |
Loans held for sale | 310 | 468 |
Accrued interest receivable | 1,310 | 1,035 |
Financial Liabilities: | ||
Demand and savings deposits | 275,893 | 266,635 |
Time deposits | 65,104 | 66,498 |
Short-term borrowings | 22,229 | 19,838 |
Federal Home Loan Bank advances | 6,534 | 6,537 |
Accrued interest payable | 39 | 41 |
Estimate Of Fair Value, Fair Value Disclosure [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Financial Assets: | ||
Securities held-to-maturity | 3,712 | 3,722 |
Loans, net | $ 232,295 | $ 226,915 |
Fair Value (Details Textual)
Fair Value (Details Textual) - USD ($) $ in Thousands | 3 Months Ended | |||
Sep. 30, 2015 | Sep. 30, 2014 | Jun. 30, 2015 | Jun. 30, 2014 | |
Financing Receivable, Impaired [Line Items] | ||||
Principal balance | $ 4,803 | $ 3,864 | ||
Provision for loan losses | 92 | $ 67 | ||
Securities Pledged as Collateral [Member] | ||||
Financing Receivable, Impaired [Line Items] | ||||
Principal balance | 1,954 | $ 1,979 | ||
Provision for loan losses | $ 3 |
Earnings Per Share (Details)
Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands | 3 Months Ended | |
Sep. 30, 2015 | Sep. 30, 2014 | |
Basic: | ||
Net income available to common shareholders | $ 727 | $ 756 |
Weighted average common shares outstanding (in shares) | 2,724,372 | 2,721,695 |
Basic income per share (in dollars per share) | $ 0.27 | $ 0.28 |
Diluted: | ||
Net income available to common shareholders | $ 727 | $ 756 |
Weighted average common shares outstanding (in shares) | 2,724,372 | 2,721,695 |
Dilutive effect of restricted stock (in shares) | 189 | 418 |
Total common shares and dilutive potential common shares (in shares) | 2,724,561 | 2,722,113 |
Dilutive income per share (in dollars per share) | $ 0.27 | $ 0.28 |
Accumulated Other Comprehensi40
Accumulated Other Comprehensive Income (Details) - USD ($) $ in Thousands | 3 Months Ended | ||
Sep. 30, 2015 | Sep. 30, 2014 | ||
Pretax | |||
Balance | $ 1,363 | $ 1,944 | |
Unrealized holding gain on available-for-sale securities arising during the period | 813 | (91) | |
Amounts reclassified from accumulated other comprehensive income | [1],[2] | (35) | (37) |
Net current period other comprehensive income | 778 | (128) | |
Balance | 2,141 | 1,816 | |
Tax Affect | |||
Balance | (464) | (661) | |
Unrealized holding gain on available-for-sale securities arising during the period | (276) | 31 | |
Amounts reclassified from accumulated other comprehensive income | [1],[2] | 12 | 12 |
Net current period other comprehensive income | (264) | 43 | |
Balance | (728) | (618) | |
After-tax | |||
Balance | 899 | 1,283 | |
Unrealized holding gain on available-for-sale securities arising during the period | 537 | (60) | |
Amounts reclassified from accumulated other comprehensive income | [1],[2] | (23) | (25) |
Net current period other comprehensive income | 514 | (85) | |
Balance | $ 1,413 | $ 1,198 | |
[1] | Income tax expense | ||
[2] | Securities gains, net |