Document And Entity Information
Document And Entity Information - shares | 3 Months Ended | |
Sep. 30, 2016 | Nov. 10, 2016 | |
Document Information [Line Items] | ||
Entity Registrant Name | CONSUMERS BANCORP INC /OH/ | |
Entity Central Index Key | 1,006,830 | |
Trading Symbol | cbkm | |
Current Fiscal Year End Date | --06-30 | |
Entity Filer Category | Smaller Reporting Company | |
Entity Current Reporting Status | Yes | |
Entity Voluntary Filers | No | |
Entity Well-known Seasoned Issuer | No | |
Entity Common Stock, Shares Outstanding (in shares) | 2,724,956 | |
Document Type | 10-Q | |
Document Period End Date | Sep. 30, 2016 | |
Document Fiscal Year Focus | 2,017 | |
Document Fiscal Period Focus | Q1 | |
Amendment Flag | false |
Consolidated Balance Sheets (Cu
Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands | Sep. 30, 2016 | Jun. 30, 2016 |
ASSETS | ||
Cash on hand and noninterest-bearing deposits in financial institutions | $ 8,526 | $ 8,164 |
Federal funds sold and interest-bearing deposits in financial institutions | 4,007 | 2,017 |
Total cash and cash equivalents | 12,533 | 10,181 |
Certificates of deposit in other financial institutions | 5,656 | 5,906 |
Securities, available-for-sale | 128,310 | 133,369 |
Securities, held-to-maturity (fair value of $4,510 at September 30, 2016 and $3,619 at June 30, 2016) | 4,399 | 3,494 |
Federal bank and other restricted stocks, at cost | 1,396 | 1,396 |
Loans held for sale | 1,810 | 1,048 |
Total loans | 260,487 | 256,278 |
Less allowance for loan losses | (3,684) | (3,566) |
Net loans | 256,803 | 252,712 |
Cash surrender value of life insurance | 6,867 | 6,819 |
Premises and equipment, net | 13,588 | 13,585 |
Other real estate owned | 10 | |
Accrued interest receivable and other assets | 2,052 | 1,880 |
Total assets | 433,424 | 430,390 |
LIABILITIES | ||
Non-interest bearing demand | 104,029 | 98,224 |
Interest bearing demand | 50,338 | 48,810 |
Savings | 132,584 | 134,606 |
Time | 66,020 | 65,008 |
Total deposits | 352,971 | 346,648 |
Short-term borrowings | 20,546 | 19,129 |
Federal Home Loan Bank advances | 12,366 | 17,281 |
Accrued interest and other liabilities | 3,521 | 3,539 |
Total liabilities | 389,404 | 386,597 |
Commitments and contingent liabilities | ||
SHAREHOLDERS’ EQUITY | ||
Preferred stock (no par value, 350,000 shares authorized, none outstanding) | ||
Common stock (no par value, 3,500,000 shares authorized; 2,854,133 shares issued as of September 30, 2016 and June 30, 2016) | 14,630 | 14,630 |
Retained earnings | 29,006 | 28,432 |
Treasury stock, at cost (130,606 and 130,375 common shares as of September 30, 2016 and June 30, 2016, respectively) | (1,658) | (1,658) |
Accumulated other comprehensive income | 2,042 | 2,389 |
Total shareholders’ equity | 44,020 | 43,793 |
Total liabilities and shareholders’ equity | $ 433,424 | $ 430,390 |
Consolidated Balance Sheets (C3
Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($) $ in Thousands | Sep. 30, 2016 | Jun. 30, 2016 |
Held-to-maturity securities, fair value | $ 4,510 | $ 3,619 |
Preferred stock, par value (in dollars per share) | ||
Preferred stock, shares authorized (in shares) | 350,000 | 350,000 |
Preferred stock, shares outstanding (in shares) | 0 | 0 |
Common shares, par value (in dollars per share) | ||
Common shares, shares authorized (in shares) | 3,500,000 | 3,500,000 |
Common shares, shares issued (in shares) | 2,854,133 | 2,854,133 |
Treasury stock, shares (in shares) |
Consolidated Statements of Inco
Consolidated Statements of Income (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | |
Sep. 30, 2016 | Sep. 30, 2015 | |
Interest income | ||
Loans, including fees | $ 3,184 | $ 2,795 |
Securities, taxable | 402 | 457 |
Securities, tax-exempt | 351 | 344 |
Federal funds sold and other interest bearing deposits | 30 | 24 |
Total interest income | 3,967 | 3,620 |
Interest expense | ||
Deposits | 170 | 176 |
Short-term borrowings | 12 | 8 |
Federal Home Loan Bank advances | 58 | 43 |
Total interest expense | 240 | 227 |
Net interest income | 3,727 | 3,393 |
Provision for loan losses | 136 | 92 |
Net interest income after provision for loan losses | 3,591 | 3,301 |
Non-interest income | ||
Service charges on deposit accounts | 330 | 314 |
Debit card interchange income | 251 | 234 |
Bank owned life insurance income | 49 | 46 |
Securities gains, net | 103 | 35 |
Other | 115 | 106 |
Total non-interest income | 848 | 735 |
Non-interest expenses | ||
Salaries and employee benefits | 1,738 | 1,732 |
Occupancy and equipment | 452 | 342 |
Data processing expenses | 145 | 144 |
Professional and director fees | 132 | 97 |
FDIC assessments | 55 | 58 |
Franchise taxes | 84 | 82 |
Marketing and advertising | 79 | 93 |
Telephone and network communications | 81 | 75 |
Debit card processing expenses | 133 | 116 |
Other | 387 | 398 |
Total non-interest expenses | 3,286 | 3,137 |
Income before income taxes | 1,153 | 899 |
Income tax expense | 252 | 172 |
Net income | $ 901 | $ 727 |
Basic and diluted earnings per share (in dollars per share) | $ 0.33 | $ 0.27 |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | ||
Sep. 30, 2016 | Sep. 30, 2015 | ||
Net income | $ 901 | $ 727 | |
Net change in unrealized gains (losses) on securities available-for-sale: | |||
Unrealized gains (losses) arising during the period | (423) | 813 | |
Reclassification adjustment for gains included in income | [1],[2] | (103) | (35) |
Net unrealized gain (losses) | (526) | 778 | |
Income tax effect | 179 | (264) | |
Other comprehensive income (losses) | (347) | 514 | |
Total comprehensive income | $ 554 | $ 1,241 | |
[1] | Income tax expense | ||
[2] | Securities gain, net |
Condensed Consolidated Statemen
Condensed Consolidated Statements of Changes In Stockholders' Equity (Unaudited) $ in Thousands | USD ($)$ / shares |
Balance at beginning of period at Jun. 30, 2015 | $ 41,466 |
Net income | 727 |
Other comprehensive income (loss) | 514 |
231 and 248 Dividend reinvestment plan shares associated with forfeited and expired restricted stock awards retired to treasury stock during the three months ended September 30, 2015 and 2016, respectively | |
Common cash dividends | (328) |
Balance at the end of the period at Sep. 30, 2015 | $ 42,379 |
Common cash dividends per share (in dollars per share) | $ / shares | $ 0.12 |
Balance at beginning of period at Jun. 30, 2016 | $ 43,793 |
Net income | 901 |
Other comprehensive income (loss) | (347) |
231 and 248 Dividend reinvestment plan shares associated with forfeited and expired restricted stock awards retired to treasury stock during the three months ended September 30, 2015 and 2016, respectively | |
Common cash dividends | (327) |
Balance at the end of the period at Sep. 30, 2016 | $ 44,020 |
Common cash dividends per share (in dollars per share) | $ / shares | $ 0.12 |
Condensed Consolidated Stateme7
Condensed Consolidated Statements of Changes In Stockholders' Equity (Unaudited) (Parentheticals) - shares shares in Thousands | 3 Months Ended | |
Sep. 30, 2016 | Sep. 30, 2015 | |
Dividend Reinvestment Plan and Restricted Award Forfeited and Expired (in shares) | 231 | 248 |
Condensed Consolidated Stateme8
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | |
Sep. 30, 2016 | Sep. 30, 2015 | |
Cash flows from operating activities | ||
Net cash from operating activities | $ 581 | $ 1,021 |
Securities available-for-sale | ||
Purchases | (3,229) | (7,438) |
Maturities, calls and principal pay downs | 5,796 | 5,346 |
Proceeds from sales of available-for-sale securities | 1,789 | 1,990 |
Securities held-to-maturity | ||
Purchases | (1,000) | |
Principal pay downs | 95 | 90 |
Net (increase) decrease in certificates of deposits in other financial institutions | 250 | (1,443) |
Net increase in loans | (4,237) | (5,443) |
Acquisition of premises and equipment | (191) | (962) |
Net cash from investing activities | (727) | (7,860) |
Cash flow from financing activities | ||
Net increase in deposit accounts | 6,323 | 7,895 |
Net change in short-term borrowings | 1,417 | 2,391 |
Proceeds from Federal Home Loan Bank advances | 9,700 | |
Repayments of Federal Home Loan Bank advances | (14,615) | (15) |
Dividends paid | (327) | (328) |
Net cash from financing activities | 2,498 | 9,943 |
Increase in cash or cash equivalents | 2,352 | 3,104 |
Cash and cash equivalents, beginning of period | 10,181 | 10,544 |
Cash and cash equivalents, end of period | 12,533 | 13,648 |
Supplemental disclosure of cash flow information: | ||
Interest | 242 | 229 |
Federal income taxes | 200 | |
Non-cash items: | ||
Transfer from loans to other real estate owned | 10 | 38 |
Expired and forfeited dividend reinvestment plan shares associated with restricted stock awards that were retired to treasury stock | $ 4 | $ 4 |
Note 1 - Summary of Significant
Note 1 - Summary of Significant Accounting Policies | 3 Months Ended |
Sep. 30, 2016 | |
Notes to Financial Statements | |
Organization, Consolidation and Presentation of Financial Statements Disclosure and Significant Accounting Policies [Text Block] | Note 1 – Summary of Significant Accounting Policies Nature of Operations: primary market area of Carroll, Columbiana, Stark, Summit, Wayne and contiguous counties in Ohio. The Bank’s business involves attracting deposits from businesses and individual customers and using such deposits to originate commercial, mortgage and consumer loans in its primary market area. Basis of Presentation The financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in the Corporation’s Form 10-K for the year ended June 30, 2016. The results of operations for the interim period disclosed herein are not necessarily indicative of the results that may be expected for a full year. 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 Information: Reclassifications: Recently Issued Accounting Pronouncements Not Yet Effective: Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments. |
Note 2 - Securities
Note 2 - Securities | 3 Months Ended |
Sep. 30, 2016 | |
Notes to Financial Statements | |
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block] | Note 2 – Securities Available –for-Sale Amortized Gross Gains Gross Losses Fair September 30, 2016 Obligations of U.S. government-sponsored entities and agencies $ 10,078 $ 250 $ — $ 10,328 Obligations of state and political subdivisions 54,131 1,737 (9 ) 55,859 Mortgage-backed securities – residential 54,013 832 (33 ) 54,812 Mortgage-backed securities– commercial 1,479 24 — 1,503 Collateralized mortgage obligations– residential 5,360 29 (1 ) 5,388 Pooled trust preferred security 154 266 — 420 Total available-for-sale securities $ 125,215 $ 3,138 $ (43 ) $ 128,310 Held-to-Maturity Amortized Gross Gains Gross Fair September 30, 2016 Obligations of state and political subdivisions $ 4,399 $ 111 $ — $ 4,510 Available–for-Sale Amortized Gross Gains Gross Losses Fair June 30, 201 6 Obligations of U.S. government-sponsored entities and agencies $ 9,682 $ 362 $ — $ 10,044 Obligations of state and political subdivisions 53,952 2,010 (8 ) 55,954 Mortgage-backed securities – residential 58,702 920 (26 ) 59,596 Mortgage-backed securities – commercial 1,485 41 — 1,526 Collateralized mortgage obligations - residential 5,774 49 (3 ) 5,820 Pooled trust preferred security 153 276 — 429 Total available-for-sale securities $ 129,748 $ 3,658 $ (37 ) $ 133,369 Held-to-Maturity Amortized Gross Gains Gross Losses Fair June 30, 201 6 Obligations of state and political subdivisions $ 3,494 $ 125 $ — $ 3,619 Proceeds from the sale of available-for-sale securities were as follows: Three Months Ended September 30, 2016 2015 Proceeds from sales $ 1,789 $ 1,990 Gross realized gains 103 35 Gross realized losses — — The income tax provision applicable to these net realized gains amounted to $35 for the three months ended September 30, 2016 and $12 for the three months ended September 30, 2015. The amortized cost and fair values of debt securities at September 30, 2016, 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. Available-for-Sale Amortized Cost Estimated Fair Value Due in one year or less $ 3,697 $ 3,724 Due after one year through five years 14,804 15,287 Due after five years through ten years 27,972 28,917 Due after ten years 17,736 18,259 Total 64,209 66,187 U.S. Government-sponsored mortgage-backed and related securities 60,852 61,703 Pooled trust preferred security 154 420 Total available-for-sale securities $ 125,215 $ 128,310 Held-to-Maturity Due after five years through ten years 674 702 Due after ten years 3,725 3,808 Total held-to-maturity securities $ 4,399 $ 4,510 The following table summarizes the securities with unrealized losses at September 30, 2016 and June 30, 2016, 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 Available-for-sale Fair Unrealized Fair Unrealized Fair Unrealized September 30, 2016 Obligations of states and political subdivisions $ 2,018 $ (6 ) $ 275 $ (3 ) $ 2,293 $ (9 ) Mortgage-backed securities - residential 7,573 (15 ) 3,427 (18 ) 11,000 (33 ) Collateralized mortgage obligations – residential816(1)——816(1) — — 1,103 (1 ) 1,103 (1 ) Total temporarily impaired $ 9,591 $ (21 ) $ 4,805 $ (22 ) $ 14,396 $ (43 ) Less than 12 Months 12 Months or more Total Available-for-sale Fair Unrealized Fair Unrealized Fair Unrealized June 30, 201 6 Obligations of states and political subdivisions $ 572 $ (6 ) $ 641 $ (2 ) $ 1,213 $ (8 ) Mortgage-backed securities - residential 4,899 (12 ) 4,836 (14 ) 9,735 (26 ) Collateral mortgage obligation - residential — — 1,212 (3 ) 1,212 (3 ) Total temporarily impaired $ 5,471 $ (18 ) $ 6,689 $ (19 ) $ 12,160 $ (37 ) 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 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. The unrealized losses within the securities portfolio as of September 30, 2016 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 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. |
Note 3 - Loans
Note 3 - Loans | 3 Months Ended |
Sep. 30, 2016 | |
Notes to Financial Statements | |
Loans, Notes, Trade and Other Receivables Disclosure [Text Block] | Note 3 – Loans Major classifications of loans were as follows: September 30, June 30, 2016 2016 Commercial $ 44,855 $ 43,156 Commercial real estate: Construction 7,170 7,755 Other 153,375 152,766 1 – 4 Family residential real estate: Owner occupied 32,150 31,091 Non-owner occupied 15,093 14,438 Construction 2,348 1,269 Consumer 5,496 5,803 Subtotal 260,487 256,278 Allowance for loan losses (3,684 ) (3,566 ) Net Loans $ 256,803 $ 252,712 Loans presented above are net of deferred loan fees and costs of $342 and $360 for September 30, 2016 and June 30, 2016, respectively. The following table presents the activity in the allowance for loan losses by portfolio segment for the three months ended September 30, 2016: 1-4 Family Commercial Residential Real Real Commercial Estate Estate Consumer Total Allowance for loan losses: Beginning balance $ 505 $ 2,518 $ 402 $ 141 $ 3,566 Provision for loan losses 5 125 27 (21 ) 136 Loans charged-off — — (21 ) (4 ) (25 ) Recoveries — — 3 4 7 Total ending allowance balance $ 510 $ 2,643 $ 411 $ 120 $ 3,684 The following table presents the activity in the allowance for loan losses by portfolio segment for the three months ended 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 balance in the allowance for loan losses and the recorded investment in loans by portfolio segment and based on impairment method as of September 30, 2016. Included in the recorded investment in loans is $578 of accrued interest receivable. 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 $ — $ 895 $ 6 $ — $ 901 Collectively evaluated for impairment 510 1,748 405 120 2,783 Total ending allowance balance $ 510 $ 2,643 $ 411 $ 120 $ 3,684 Recorded investment in loans: Loans individually evaluated for impairment $ — $ 2,612 $ 510 $ — $ 3,122 Loans collectively evaluated for impairment 44,953 158,277 49,206 5,507 257,943 Total ending loans balance $ 44,953 $ 160,889 $ 49,716 $ 5,507 $ 261,065 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, 2016. Included in the recorded investment in loans is $549 of accrued interest receivable net of deferred loans fees and cost of $360. 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 $ — $ 868 $ 6 $ — $ 874 Collectively evaluated for impairment 505 1,650 396 141 2,692 Total ending allowance balance $ 505 $ 2,518 $ 402 $ 141 $ 3,566 Recorded investment in loans: Loans individually evaluated for impairment $ 1,029 $ 5,105 $ 758 $ — $ 6,892 Loans collectively evaluated for impairment 42,219 155,734 46,166 5,816 249,935 Total ending loans balance $ 43,248 $ 160,839 $ 46,924 $ 5,816 $ 256,827 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, 2016 and for the three months ended September 30, 2016: As of September 30, 2016 Three Months ended September 30, 2016 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 $ — $ — $ — $ 660 $ 80 $ 80 Commercial real estate: Construction 16 16 — 329 6 6 Other 62 62 — 1,555 105 105 1-4 Family residential real estate: Owner occupied 127 127 — 127 — — Non-owner occupied 207 206 — 208 — — With an allowance recorded: Commercial real estate: Other 2,728 2,534 895 2,449 8 8 1-4 Family residential real estate: Owner occupied 176 177 6 177 2 2 Total $ 3,316 $ 3,122 $ 901 $ 5,505 $ 201 $ 201 The following table presents information related to loans individually evaluated for impairment by class of loans as of June 30, 2016 and for the three months ended September 30, 2015: As of June 30, 2016 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 $ 1,033 $ 1,029 $ — $ — $ — $ — Commercial real estate: Construction 386 384 — 12 — — Other 2,121 2,106 — 2,059 — — 1-4 Family residential real estate: Owner occupied 175 174 — 267 — — Non-owner occupied 722 407 — 77 — — With an allowance recorded: Commercial real estate: Other 2,802 2,615 868 894 9 9 1-4 Family residential real estate: Owner occupied 177 177 6 122 2 2 Non-owner occupied — — — 458 4 4 Total $ 7,416 $ 6,892 $ 874 $ 3,889 $ 15 $ 15 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, 2016 and June 30, 2016: September 30, 2016 June 30, 2016 Loans Past Due Loans Past Due Over 90 Days Over 90 Days Still Still Non-accrual Accruing Non-accrual Accruing Commercial $ — $ — $ 1,009 $ — Commercial real estate: Construction 16 — 384 — Other 1,945 — 4,000 — 1 – 4 Family residential: Owner occupied 187 — 234 — Non-owner occupied 206 — 407 — Consumer — — — — Total $ 2,354 $ — $ 6,034 $ — 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. The following table presents the aging of the recorded investment in past due loans as of September 30, 2016 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 $ — $ — $ — $ — $ 44,953 $ 44,953 Commercial real estate: Construction — — — — 7,182 7,182 Other — — 1,578 1,578 152,129 153,707 1-4 Family residential: Owner occupied 11 — 187 198 32,035 32,233 Non-owner occupied — — — — 15,132 15,132 Construction — — — — 2,351 2,351 Consumer 5 9 — 14 5,493 5,507 Total $ 16 $ 9 $ 1,765 $ 1,790 $ 259,275 $ 261,065 The above table of past due loans includes the recorded investment in non-accrual loans of $1,765 in the 90 days or greater category and $589 in the loans not past due category. The following table presents the aging of the recorded investment in past due loans as of June 30, 2016 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 $ 123 $ — $ — $ 123 $ 43,125 $ 43,248 Commercial real estate: Construction — — — — 7,764 7,764 Other 59 — 2,110 2,169 150,906 153,075 1-4 Family residential: Owner occupied 15 — 218 233 30,947 31,180 Non-owner occupied — — 196 196 14,278 14,474 Construction — — — — 1,270 1,270 Consumer 7 — — 7 5,809 5,816 Total $ 204 $ — $ 2,524 $ 2,728 $ 254,099 $ 256,827 The above table of past due loans includes the recorded investment in non-accrual loans of $2,524 in the 90 days or greater category and $3,510 in the loans not past due category. Troubled Debt Restructurings: As of September 30, 2016, the recorded investment of loans classified as troubled debt restructurings was $768 with $38 of specific reserves allocated to these loans. As of September 30, 2016, the Corporation had not committed to lend any additional amounts to customers with outstanding loans that are classified as troubled debt restructurings. As of June 30, 2016, the recorded investment of loans classified as troubled debt restructurings was $3,529 with $43 of specific reserves allocated to these loans. As of June 30, 2016, the Corporation had committed to lend any additional $207 to customers with outstanding loans that were classified as troubled debt restructurings. During the three months ended September 30, 2016 and 2015 there were no loan modifications completed that were classified as troubled debt restructurings. There were no charge offs from troubled debt restructurings that were completed during the three month periods ended September 30, 2016 and 2015. There were no loans classified as troubled debt restructurings for which there was a payment default within 12 months following the modification during the three month periods ended September 30, 2016 and 2015. 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 and non-homogeneous loans, such as commercial and commercial real estate loans. Management monitors the loans on an ongoing basis for any changes in the borrower’s ability to service their debt and affirm the risk ratings for the loans and leases in their respective portfolio on an annual basis. The Corporation uses the following definitions for risk ratings: Special Mention. Substandard. Doubtful. 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. 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, 2016 Special Not Pass Mention Substandard Doubtful Rated Commercial $ 37,910 $ 6,461 $ 74 $ — $ 508 Commercial real estate: Construction 7,118 — — 16 48 Other 147,315 2,377 1,827 1,945 243 1-4 Family residential real estate: Owner occupied 3,357 71 346 47 28,412 Non-owner occupied 14,111 182 272 206 361 Construction 760 — — — 1,591 Consumer 161 — 5 — 5,341 Total $ 210,732 $ 9,091 $ 2,524 $ 2,214 $ 36,504 As of June 30, 2016 Special Not Pass Mention Substandard Doubtful Rated Commercial $ 35,243 $ 6,190 $ 1,162 $ — $ 653 Commercial real estate: Construction 7,305 — 384 — 75 Other 144,101 2,482 4,026 2,150 316 1-4 Family residential real estate: Owner occupied 3,506 72 349 47 27,206 Non-owner occupied 12,999 406 486 196 387 Construction 235 — — — 1,035 Consumer 210 — 6 — 5,600 Total $ 203,599 $ 9,150 $ 6,413 $ 2,393 $ 35,272 |
Note 4 - Fair Value
Note 4 - Fair Value | 3 Months Ended |
Sep. 30, 2016 | |
Notes to Financial Statements | |
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). 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, 2016 Using Balance at September 30, 2016 Level 1 Level 2 Level 3 Assets: Obligations of U.S. government-sponsored entities and agencies $ 10,328 $ — $ 10,328 $ — Obligations of states and political subdivisions 55,859 — 55,859 — Mortgage-backed securities – residential 54,812 — 54,812 — Mortgage-backed securities – commercial 1,503 — 1,503 — Collateralized mortgage obligations - residential 5,388 — 5,388 — Pooled trust preferred security 420 — 420 — Fair Value Measurements at June 30, 2016 Using Balance at June 30, 2016 Level 1 Level 2 Level 3 Assets: Obligations of U.S. government-sponsored entities and agencies $ 10,044 $ — $ 10,044 $ — Obligations of states and political subdivisions 55,954 — 55,954 — Mortgage-backed securities - residential 59,596 — 59,596 — Mortgage-backed securities - commercial 1,526 — 1,526 — Collateralized mortgage obligations - residential 5,820 — 5,820 — Pooled trust preferred security 429 — 429 — There were no transfers between Level 1 and Level 2 during the three month periods ended September 30, 2016 or 2015. 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: Financial assets and financial liabilities measured at fair value on a non-recurring basis are summarized below: Fair Value Measurements at September 30, 2016 Using Balance at September 30, 2016 Level 1 Level 2 Level 3 Impaired loans: Commercial Real Estate - Other $ 744 $ — $ — $ 744 Fair Value Measurements at June 30, 2016 Using Balance at June 30, 2016 Level 1 Level 2 Level 3 Impaired loans: Commercial Real Estate - Other $ 1,206 $ — $ — $ 1,206 1-4 Family residential real estate Non-owner occupied 197 — — 197 Impaired loans, which are generally measured for impairment using the fair value of the collateral for collateral dependent loans, had a recorded investment of $1,531, with a valuation allowance of $787 at September 30, 2016. The resulting impact to the provision for loan losses was an increase of $41 being recorded for the three months ended September 30, 2016. As of June 30, 2016, the recorded investment of impaired loans was $2,150, with a valuation allowance of $747. The resulting impact to the provision for loan losses was a reduction of $3 being recorded for the three months ended September 30, 2015. The following tables presents quantitative information about Level 3 fair value measurements for financial instruments measured at fair value on a non-recurring basis at September 30, 2016 and June 30, 2016: September 30, 2016 Fair Value Valuation Technique Unobservable Inputs Range Weighted Average Impaired loans: Commercial Real Estate – Other $ 744 Bid Indications N/A 0.0 % 0.0 % June 30, 2016 Fair Value Valuation Technique Unobservable Inputs Range Weighted Average Impaired loans: Commercial Real Estate – Other $ 459 Settlement Contract N/A 0.0 % 0.0 % Commercial Real Estate – Other $ 754 Bid Indications N/A 0.0 % 0.0 % 1-4 Family residential real estate non-owner occupied $ 197 Bid Indications N/A 0.0 % 0.0 % 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, 2016 June 30, 2016 Carrying Estimated Carrying Estimated Financial Assets: Level 1 inputs: Cash and cash equivalents $ 12,533 $ 12,533 $ 10,181 $ 10,181 Level 2 inputs: Certificates of deposits in other financial institutions 5,656 5,656 5,906 5,906 Loans held for sale 1,810 1,850 1,048 1,067 Accrued interest receivable 1,303 1,303 1,077 1,077 Level 3 inputs: Securities held-to-maturity 4,399 4,510 3,494 3,619 Loans, net 256,803 257,789 252,712 253,155 Financial Liabilities: Level 2 inputs: Demand and savings deposits 286,951 286,951 281,640 281,640 Time deposits 66,020 66,146 65,008 65,111 Short-term borrowings 20,546 20,546 19,129 19,129 Federal Home Loan Bank advances 12,366 12,377 17,281 17,486 Accrued interest payable 38 38 40 40 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. The fair values of these securities are estimated using a spread to the applicable municipal fair market curve resulting in a Level 3 classification. Time deposits: Fair value of fixed-maturity certificates of deposit was estimated using the rates offered at September 30, 2016 and June 30, 2016, 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, 2016 and June 30, 2016 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. |
Note 5 - Earnings Per Share
Note 5 - Earnings Per Share | 3 Months Ended |
Sep. 30, 2016 | |
Notes to Financial Statements | |
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 that were anti-dilutive for the three months ended September 30, 2016 and 2015. The following table details the calculation of basic and diluted earnings per share: For the Three Months Ended September 30, 2016 2015 Basic: Net income available to common shareholders $ 901 $ 727 Weighted average common shares outstanding 2,723,915 2,724,372 Basic income per share $ 0.33 $ 0.27 Diluted: Net income available to common shareholders $ 901 $ 727 Weighted average common shares outstanding 2,723,915 2,724,372 Dilutive effect of restricted stock 4 189 Total common shares and dilutive potential common shares 2,723,919 2,724,561 Dilutive income per share $ 0.33 $ 0.27 |
Note 6 - Accumulated Other Comp
Note 6 - Accumulated Other Comprehensive Income | 3 Months Ended |
Sep. 30, 2016 | |
Notes to Financial Statements | |
Comprehensive Income (Loss) Note [Text Block] | Note 6 –Accumulated Other Comprehensive Income The components of other comprehensive income related to unrealized gains and losses on available-for-sale securities for the three month periods ended September 30, 2016 and 2015, were as follows: Pretax Tax Effect After-tax Affected Line Item in Consolidated Statements of Income Balance as of June 30, 2016 $ 3,621 $ (1,232 ) $ 2,389 Unrealized holding loss on available-for-sale securities arising during the period (423 ) 144 (279 ) Amounts reclassified from accumulated other comprehensive income (103 ) 35 (68 ) (a)(b) Net current period other comprehensive income (526 ) 179 (347 ) Balance as of September 30, 2016 $ 3,095 $ (1,053 ) $ 2,042 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 (a) Securities gains, net (b) Income tax expense |
Significant Accounting Policies
Significant Accounting Policies (Policies) | 3 Months Ended |
Sep. 30, 2016 | |
Accounting Policies [Abstract] | |
Nature of Operations [Policy Text Block] | Nature of Operations: primary market area of Carroll, Columbiana, Stark, Summit, Wayne and contiguous counties in Ohio. The Bank’s business involves attracting deposits from businesses and individual customers and using such deposits to originate commercial, mortgage and consumer loans in its primary market area. |
Basis of Accounting, Policy [Policy Text Block] | Basis of Presentation The financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in the Corporation’s Form 10-K for the year ended June 30, 2016. The results of operations for the interim period disclosed herein are not necessarily indicative of the results that may be expected for a full year. 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: |
Reclassification, Policy [Policy Text Block] | Reclassifications: |
New Accounting Pronouncements, Policy [Policy Text Block] | Recently Issued Accounting Pronouncements Not Yet Effective: Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments. |
Note 2 - Securities (Tables)
Note 2 - Securities (Tables) | 3 Months Ended |
Sep. 30, 2016 | |
Notes Tables | |
Marketable Securities [Table Text Block] | Available –for-Sale Amortized Gross Gains Gross Losses Fair September 30, 2016 Obligations of U.S. government-sponsored entities and agencies $ 10,078 $ 250 $ — $ 10,328 Obligations of state and political subdivisions 54,131 1,737 (9 ) 55,859 Mortgage-backed securities – residential 54,013 832 (33 ) 54,812 Mortgage-backed securities– commercial 1,479 24 — 1,503 Collateralized mortgage obligations– residential 5,360 29 (1 ) 5,388 Pooled trust preferred security 154 266 — 420 Total available-for-sale securities $ 125,215 $ 3,138 $ (43 ) $ 128,310 Held-to-Maturity Amortized Gross Gains Gross Fair September 30, 2016 Obligations of state and political subdivisions $ 4,399 $ 111 $ — $ 4,510 Available–for-Sale Amortized Gross Gains Gross Losses Fair June 30, 201 6 Obligations of U.S. government-sponsored entities and agencies $ 9,682 $ 362 $ — $ 10,044 Obligations of state and political subdivisions 53,952 2,010 (8 ) 55,954 Mortgage-backed securities – residential 58,702 920 (26 ) 59,596 Mortgage-backed securities – commercial 1,485 41 — 1,526 Collateralized mortgage obligations - residential 5,774 49 (3 ) 5,820 Pooled trust preferred security 153 276 — 429 Total available-for-sale securities $ 129,748 $ 3,658 $ (37 ) $ 133,369 Held-to-Maturity Amortized Gross Gains Gross Losses Fair June 30, 201 6 Obligations of state and political subdivisions $ 3,494 $ 125 $ — $ 3,619 |
Schedule of Realized Gain (Loss) [Table Text Block] | Three Months Ended September 30, 2016 2015 Proceeds from sales $ 1,789 $ 1,990 Gross realized gains 103 35 Gross realized losses — — |
Investments Classified by Contractual Maturity Date [Table Text Block] | Available-for-Sale Amortized Cost Estimated Fair Value Due in one year or less $ 3,697 $ 3,724 Due after one year through five years 14,804 15,287 Due after five years through ten years 27,972 28,917 Due after ten years 17,736 18,259 Total 64,209 66,187 U.S. Government-sponsored mortgage-backed and related securities 60,852 61,703 Pooled trust preferred security 154 420 Total available-for-sale securities $ 125,215 $ 128,310 Held-to-Maturity Due after five years through ten years 674 702 Due after ten years 3,725 3,808 Total held-to-maturity securities $ 4,399 $ 4,510 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value [Table Text Block] | Less than 12 Months 12 Months or more Total Available-for-sale Fair Unrealized Fair Unrealized Fair Unrealized September 30, 2016 Obligations of states and political subdivisions $ 2,018 $ (6 ) $ 275 $ (3 ) $ 2,293 $ (9 ) Mortgage-backed securities - residential 7,573 (15 ) 3,427 (18 ) 11,000 (33 ) Collateralized mortgage obligations – residential816(1)——816(1) — — 1,103 (1 ) 1,103 (1 ) Total temporarily impaired $ 9,591 $ (21 ) $ 4,805 $ (22 ) $ 14,396 $ (43 ) Less than 12 Months 12 Months or more Total Available-for-sale Fair Unrealized Fair Unrealized Fair Unrealized June 30, 201 6 Obligations of states and political subdivisions $ 572 $ (6 ) $ 641 $ (2 ) $ 1,213 $ (8 ) Mortgage-backed securities - residential 4,899 (12 ) 4,836 (14 ) 9,735 (26 ) Collateral mortgage obligation - residential — — 1,212 (3 ) 1,212 (3 ) Total temporarily impaired $ 5,471 $ (18 ) $ 6,689 $ (19 ) $ 12,160 $ (37 ) |
Note 3 - Loans (Tables)
Note 3 - Loans (Tables) | 3 Months Ended |
Sep. 30, 2016 | |
Notes Tables | |
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] | September 30, June 30, 2016 2016 Commercial $ 44,855 $ 43,156 Commercial real estate: Construction 7,170 7,755 Other 153,375 152,766 1 – 4 Family residential real estate: Owner occupied 32,150 31,091 Non-owner occupied 15,093 14,438 Construction 2,348 1,269 Consumer 5,496 5,803 Subtotal 260,487 256,278 Allowance for loan losses (3,684 ) (3,566 ) Net Loans $ 256,803 $ 252,712 |
Allowance for Credit Losses on Financing Receivables [Table Text Block] | 1-4 Family Commercial Residential Real Real Commercial Estate Estate Consumer Total Allowance for loan losses: Beginning balance $ 505 $ 2,518 $ 402 $ 141 $ 3,566 Provision for loan losses 5 125 27 (21 ) 136 Loans charged-off — — (21 ) (4 ) (25 ) Recoveries — — 3 4 7 Total ending allowance balance $ 510 $ 2,643 $ 411 $ 120 $ 3,684 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 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 $ — $ 895 $ 6 $ — $ 901 Collectively evaluated for impairment 510 1,748 405 120 2,783 Total ending allowance balance $ 510 $ 2,643 $ 411 $ 120 $ 3,684 Recorded investment in loans: Loans individually evaluated for impairment $ — $ 2,612 $ 510 $ — $ 3,122 Loans collectively evaluated for impairment 44,953 158,277 49,206 5,507 257,943 Total ending loans balance $ 44,953 $ 160,889 $ 49,716 $ 5,507 $ 261,065 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 $ — $ 868 $ 6 $ — $ 874 Collectively evaluated for impairment 505 1,650 396 141 2,692 Total ending allowance balance $ 505 $ 2,518 $ 402 $ 141 $ 3,566 Recorded investment in loans: Loans individually evaluated for impairment $ 1,029 $ 5,105 $ 758 $ — $ 6,892 Loans collectively evaluated for impairment 42,219 155,734 46,166 5,816 249,935 Total ending loans balance $ 43,248 $ 160,839 $ 46,924 $ 5,816 $ 256,827 |
Impaired Financing Receivables [Table Text Block] | As of September 30, 2016 Three Months ended September 30, 2016 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 $ — $ — $ — $ 660 $ 80 $ 80 Commercial real estate: Construction 16 16 — 329 6 6 Other 62 62 — 1,555 105 105 1-4 Family residential real estate: Owner occupied 127 127 — 127 — — Non-owner occupied 207 206 — 208 — — With an allowance recorded: Commercial real estate: Other 2,728 2,534 895 2,449 8 8 1-4 Family residential real estate: Owner occupied 176 177 6 177 2 2 Total $ 3,316 $ 3,122 $ 901 $ 5,505 $ 201 $ 201 As of June 30, 2016 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 $ 1,033 $ 1,029 $ — $ — $ — $ — Commercial real estate: Construction 386 384 — 12 — — Other 2,121 2,106 — 2,059 — — 1-4 Family residential real estate: Owner occupied 175 174 — 267 — — Non-owner occupied 722 407 — 77 — — With an allowance recorded: Commercial real estate: Other 2,802 2,615 868 894 9 9 1-4 Family residential real estate: Owner occupied 177 177 6 122 2 2 Non-owner occupied — — — 458 4 4 Total $ 7,416 $ 6,892 $ 874 $ 3,889 $ 15 $ 15 |
Past Due Financing Receivables [Table Text Block] | September 30, 2016 June 30, 2016 Loans Past Due Loans Past Due Over 90 Days Over 90 Days Still Still Non-accrual Accruing Non-accrual Accruing Commercial $ — $ — $ 1,009 $ — Commercial real estate: Construction 16 — 384 — Other 1,945 — 4,000 — 1 – 4 Family residential: Owner occupied 187 — 234 — Non-owner occupied 206 — 407 — Consumer — — — — Total $ 2,354 $ — $ 6,034 $ — Days Past Due 30 - 59 60 - 89 90 Days or Total Loans Not Days Days Greater Past Due Past Due Total Commercial $ — $ — $ — $ — $ 44,953 $ 44,953 Commercial real estate: Construction — — — — 7,182 7,182 Other — — 1,578 1,578 152,129 153,707 1-4 Family residential: Owner occupied 11 — 187 198 32,035 32,233 Non-owner occupied — — — — 15,132 15,132 Construction — — — — 2,351 2,351 Consumer 5 9 — 14 5,493 5,507 Total $ 16 $ 9 $ 1,765 $ 1,790 $ 259,275 $ 261,065 Days Past Due 30 - 59 60 - 89 90 Days or Total Loans Not Days Days Greater Past Due Past Due Total Commercial $ 123 $ — $ — $ 123 $ 43,125 $ 43,248 Commercial real estate: Construction — — — — 7,764 7,764 Other 59 — 2,110 2,169 150,906 153,075 1-4 Family residential: Owner occupied 15 — 218 233 30,947 31,180 Non-owner occupied — — 196 196 14,278 14,474 Construction — — — — 1,270 1,270 Consumer 7 — — 7 5,809 5,816 Total $ 204 $ — $ 2,524 $ 2,728 $ 254,099 $ 256,827 |
Financing Receivable Credit Quality Indicators [Table Text Block] | As of September 30, 2016 Special Not Pass Mention Substandard Doubtful Rated Commercial $ 37,910 $ 6,461 $ 74 $ — $ 508 Commercial real estate: Construction 7,118 — — 16 48 Other 147,315 2,377 1,827 1,945 243 1-4 Family residential real estate: Owner occupied 3,357 71 346 47 28,412 Non-owner occupied 14,111 182 272 206 361 Construction 760 — — — 1,591 Consumer 161 — 5 — 5,341 Total $ 210,732 $ 9,091 $ 2,524 $ 2,214 $ 36,504 As of June 30, 2016 Special Not Pass Mention Substandard Doubtful Rated Commercial $ 35,243 $ 6,190 $ 1,162 $ — $ 653 Commercial real estate: Construction 7,305 — 384 — 75 Other 144,101 2,482 4,026 2,150 316 1-4 Family residential real estate: Owner occupied 3,506 72 349 47 27,206 Non-owner occupied 12,999 406 486 196 387 Construction 235 — — — 1,035 Consumer 210 — 6 — 5,600 Total $ 203,599 $ 9,150 $ 6,413 $ 2,393 $ 35,272 |
Note 4 - Fair Value (Tables)
Note 4 - Fair Value (Tables) | 3 Months Ended |
Sep. 30, 2016 | |
Notes Tables | |
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block] | Fair Value Measurements at September 30, 2016 Using Balance at September 30, 2016 Level 1 Level 2 Level 3 Assets: Obligations of U.S. government-sponsored entities and agencies $ 10,328 $ — $ 10,328 $ — Obligations of states and political subdivisions 55,859 — 55,859 — Mortgage-backed securities – residential 54,812 — 54,812 — Mortgage-backed securities – commercial 1,503 — 1,503 — Collateralized mortgage obligations - residential 5,388 — 5,388 — Pooled trust preferred security 420 — 420 — Fair Value Measurements at June 30, 2016 Using Balance at June 30, 2016 Level 1 Level 2 Level 3 Assets: Obligations of U.S. government-sponsored entities and agencies $ 10,044 $ — $ 10,044 $ — Obligations of states and political subdivisions 55,954 — 55,954 — Mortgage-backed securities - residential 59,596 — 59,596 — Mortgage-backed securities - commercial 1,526 — 1,526 — Collateralized mortgage obligations - residential 5,820 — 5,820 — Pooled trust preferred security 429 — 429 — |
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis, Valuation Techniques [Table Text Block] | Fair Value Measurements at September 30, 2016 Using Balance at September 30, 2016 Level 1 Level 2 Level 3 Impaired loans: Commercial Real Estate - Other $ 744 $ — $ — $ 744 Fair Value Measurements at June 30, 2016 Using Balance at June 30, 2016 Level 1 Level 2 Level 3 Impaired loans: Commercial Real Estate - Other $ 1,206 $ — $ — $ 1,206 1-4 Family residential real estate Non-owner occupied 197 — — 197 |
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Table Text Block] | September 30, 2016 Fair Value Valuation Technique Unobservable Inputs Range Weighted Average Impaired loans: Commercial Real Estate – Other $ 744 Bid Indications N/A 0.0 % 0.0 % June 30, 2016 Fair Value Valuation Technique Unobservable Inputs Range Weighted Average Impaired loans: Commercial Real Estate – Other $ 459 Settlement Contract N/A 0.0 % 0.0 % Commercial Real Estate – Other $ 754 Bid Indications N/A 0.0 % 0.0 % 1-4 Family residential real estate non-owner occupied $ 197 Bid Indications N/A 0.0 % 0.0 % |
Fair Value, by Balance Sheet Grouping [Table Text Block] | September 30, 2016 June 30, 2016 Carrying Estimated Carrying Estimated Financial Assets: Level 1 inputs: Cash and cash equivalents $ 12,533 $ 12,533 $ 10,181 $ 10,181 Level 2 inputs: Certificates of deposits in other financial institutions 5,656 5,656 5,906 5,906 Loans held for sale 1,810 1,850 1,048 1,067 Accrued interest receivable 1,303 1,303 1,077 1,077 Level 3 inputs: Securities held-to-maturity 4,399 4,510 3,494 3,619 Loans, net 256,803 257,789 252,712 253,155 Financial Liabilities: Level 2 inputs: Demand and savings deposits 286,951 286,951 281,640 281,640 Time deposits 66,020 66,146 65,008 65,111 Short-term borrowings 20,546 20,546 19,129 19,129 Federal Home Loan Bank advances 12,366 12,377 17,281 17,486 Accrued interest payable 38 38 40 40 |
Note 5 - Earnings Per Share (Ta
Note 5 - Earnings Per Share (Tables) | 3 Months Ended |
Sep. 30, 2016 | |
Notes Tables | |
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | For the Three Months Ended September 30, 2016 2015 Basic: Net income available to common shareholders $ 901 $ 727 Weighted average common shares outstanding 2,723,915 2,724,372 Basic income per share $ 0.33 $ 0.27 Diluted: Net income available to common shareholders $ 901 $ 727 Weighted average common shares outstanding 2,723,915 2,724,372 Dilutive effect of restricted stock 4 189 Total common shares and dilutive potential common shares 2,723,919 2,724,561 Dilutive income per share $ 0.33 $ 0.27 |
Note 6 - Accumulated Other Co20
Note 6 - Accumulated Other Comprehensive Income (Tables) | 3 Months Ended |
Sep. 30, 2016 | |
Notes Tables | |
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block] | Pretax Tax Effect After-tax Affected Line Item in Consolidated Statements of Income Balance as of June 30, 2016 $ 3,621 $ (1,232 ) $ 2,389 Unrealized holding loss on available-for-sale securities arising during the period (423 ) 144 (279 ) Amounts reclassified from accumulated other comprehensive income (103 ) 35 (68 ) (a)(b) Net current period other comprehensive income (526 ) 179 (347 ) Balance as of September 30, 2016 $ 3,095 $ (1,053 ) $ 2,042 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 |
Note 2 - Securities (Details Te
Note 2 - Securities (Details Textual) - USD ($) $ in Thousands | 3 Months Ended | |
Sep. 30, 2016 | Sep. 30, 2015 | |
Available-for-sale Securities Income Tax Provision on Gross Realized Gains | $ 35 | $ 12 |
Note 2 - Securities - Amortized
Note 2 - Securities - Amortized Cost and Fair Value of Securities Available-for-sale and Securities Held-to-maturity (Details) - USD ($) $ in Thousands | Sep. 30, 2016 | Jun. 30, 2016 |
US Government-sponsored Enterprises Debt Securities [Member] | ||
Available-for-sale securities, amortized cost | $ 10,078 | $ 9,682 |
Available-for-sale securities, gross unrealized gains | 250 | 362 |
Available-for-sale securities, gross unrealized losses | ||
Available-for-sale securities, , fair value | 10,328 | 10,044 |
US States and Political Subdivisions Debt Securities [Member] | ||
Available-for-sale securities, amortized cost | 54,131 | 53,952 |
Available-for-sale securities, gross unrealized gains | 1,737 | 2,010 |
Available-for-sale securities, gross unrealized losses | (9) | (8) |
Available-for-sale securities, , fair value | 55,859 | 55,954 |
Held-to-maturity, amortized cost | 4,399 | 3,494 |
Held-to-maturity, gross unrecognized gains | 111 | 125 |
Held-to-maturity, gross unrecognized losses | ||
Held-to-maturity, fair value | 4,510 | 3,619 |
Residential Mortgage Backed Securities [Member] | ||
Available-for-sale securities, amortized cost | 54,013 | 58,702 |
Available-for-sale securities, gross unrealized gains | 832 | 920 |
Available-for-sale securities, gross unrealized losses | (33) | (26) |
Available-for-sale securities, , fair value | 54,812 | 59,596 |
Commercial Mortgage Backed Securities [Member] | ||
Available-for-sale securities, amortized cost | 1,479 | 1,485 |
Available-for-sale securities, gross unrealized gains | 24 | 41 |
Available-for-sale securities, gross unrealized losses | ||
Available-for-sale securities, , fair value | 1,503 | 1,526 |
Collateralized Debt Obligations [Member] | ||
Available-for-sale securities, amortized cost | 5,360 | 5,774 |
Available-for-sale securities, gross unrealized gains | 29 | 49 |
Available-for-sale securities, gross unrealized losses | (1) | (3) |
Available-for-sale securities, , fair value | 5,388 | 5,820 |
Pooled Trust Preferred Securities Subject to Mandatory Redemption [Member] | ||
Available-for-sale securities, amortized cost | 154 | 153 |
Available-for-sale securities, gross unrealized gains | 266 | 276 |
Available-for-sale securities, gross unrealized losses | ||
Available-for-sale securities, , fair value | 420 | 429 |
Available-for-sale securities, amortized cost | 125,215 | 129,748 |
Available-for-sale securities, gross unrealized gains | 3,138 | 3,658 |
Available-for-sale securities, gross unrealized losses | (43) | (37) |
Available-for-sale securities, , fair value | 128,310 | 133,369 |
Held-to-maturity, amortized cost | 4,399 | 3,494 |
Held-to-maturity, fair value | $ 4,510 | $ 3,619 |
Note 2 - Securities - Proceeds
Note 2 - Securities - Proceeds from Sales and Calls of Available-for-sale Securities (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Sep. 30, 2016 | Sep. 30, 2015 | |
Proceeds from sales | $ 1,789 | $ 1,990 |
Gross realized gains | 103 | 35 |
Gross realized losses |
Note 2 - Securities - Amortiz24
Note 2 - Securities - Amortized Cost and Fair Values of Debt Securities by Contractual Maturity (Details) - USD ($) $ in Thousands | Sep. 30, 2016 | Jun. 30, 2016 |
U.S. Government-sponsored Mortgage-backed and Related Securities [Member] | ||
Available-for-sale Securities, Debt Maturities, without Single Maturity Date, Amortized Cost Basis | $ 60,852 | |
Available-for-sale Securities, Debt Maturities, without Single Maturity Date, Fair Value | 61,703 | |
Pooled Trust Preferred Securities Subject to Mandatory Redemption [Member] | ||
Available-for-sale Securities, Debt Maturities, without Single Maturity Date, Amortized Cost Basis | 154 | |
Available-for-sale Securities, Debt Maturities, without Single Maturity Date, Fair Value | 420 | |
Available-for-sale Debt Securities, Amortized Cost Basis | 154 | $ 153 |
Available-for-sale Securities, Debt Securities | 420 | 429 |
Available-for-sale Securities, Debt Maturities, Next Twelve Months, Amortized Cost Basis | 3,697 | |
Available-for-sale Securities, Debt Maturities, Next Twelve Months, Fair Value | 3,724 | |
Available-for-sale Securities, Debt Maturities, Year Two Through Five, Amortized Cost Basis | 14,804 | |
Available-for-sale Securities, Debt Maturities, Year Two Through Five, Fair Value | 15,287 | |
Available-for-sale Securities, Debt Maturities, Year Six Through Ten, Amortized Cost Basis | 27,972 | |
Available-for-sale Securities, Debt Maturities, Year Six Through Ten, Fair Value | 28,917 | |
Available-for-sale Securities, Debt Maturities, after Ten Years, Amortized Cost Basis | 17,736 | |
Available-for-sale Securities, Debt Maturities, after Ten Years, Fair Value | 18,259 | |
Available-for-sale Securities, Debt Maturities, Single Maturity Date, Amortized Cost Basis | 64,209 | |
Available-for-sale Securities, Debt Maturities, Single Maturity Date | 66,187 | |
Available-for-sale Debt Securities, Amortized Cost Basis | 125,215 | 129,748 |
Available-for-sale Securities, Debt Securities | 128,310 | 133,369 |
Held-to-maturity Securities, Debt Maturities, after Five Through Ten Years, Net Carrying Amount | 674 | |
Held-to-maturity Securities, Debt Maturities, Year Six Through Ten, Fair Value | 702 | |
Held-to-maturity Securities, Debt Maturities, after Ten Years, Net Carrying Amount | 3,725 | |
Held-to-maturity Securities, Debt Maturities, after Ten Years, Fair Value | 3,808 | |
Held-to-maturity Securities | 4,399 | 3,494 |
Total held-to-maturity securities | $ 4,510 | $ 3,619 |
Note 2 - Securities - Securitie
Note 2 - Securities - Securities with Unrealized and Unrecognized Losses (Details) - USD ($) | 3 Months Ended | 12 Months Ended |
Sep. 30, 2016 | Jun. 30, 2016 | |
US States and Political Subdivisions Debt Securities [Member] | ||
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value | $ 2,018,000 | $ 572,000 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Loss | (6,000) | (6,000) |
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value | 275,000 | 641,000 |
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Loss | (3,000) | (2,000) |
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value | 2,293,000 | 1,213,000 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss | (9,000) | (8,000) |
Residential Mortgage Backed Securities [Member] | ||
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value | 7,573,000 | 4,899,000 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Loss | (15,000) | (12,000) |
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value | 3,427,000 | 4,836,000 |
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Loss | (18,000) | (14,000) |
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value | 11,000,000 | 9,735,000 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss | (33,000) | (26,000) |
Collateralized Mortgage Obligations [Member] | ||
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value | ||
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Loss | ||
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value | 1,103 | |
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Loss | (1) | |
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value | 1,103 | |
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss | (1) | |
Collateralized Debt Obligations [Member] | ||
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value | ||
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Loss | ||
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value | 1,212,000 | |
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Loss | (3,000) | |
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value | 1,212,000 | |
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss | (3,000) | |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value | 9,591,000 | 5,471,000 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Loss | (21,000) | (18,000) |
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value | 4,805,000 | 6,689,000 |
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Loss | (22,000) | (19,000) |
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value | 14,396,000 | 12,160,000 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss | $ (43,000) | $ (37,000) |
Note 3 - Loans (Details Textual
Note 3 - Loans (Details Textual) | 3 Months Ended | ||
Sep. 30, 2016USD ($) | Sep. 30, 2015USD ($) | Jun. 30, 2016USD ($) | |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due | $ 1,765,000 | $ 2,524,000 | |
Non-accrual Loans [Member] | |||
Financing Receivable, Recorded Investment, Nonaccrual Status | 589,000 | 3,510,000 | |
Loans and Leases Receivable, Deferred Income | 342,000 | 360,000 | |
Recorded InvestmentIn Loans | 578,000 | 549,000 | |
Financing Receivable, Recorded Investment, Past Due | 1,790,000 | 2,728,000 | |
Financing Receivable, Recorded Investment, Nonaccrual Status | 2,354,000 | 6,034,000 | |
Financing Receivable, Modifications, Recorded Investment | 768,000 | 3,529,000 | |
Troubled Debt Restructuring, Debtor, Subsequent Periods, Contingent Payments, Amount | 38,000 | 43,000 | |
Loans and Leases Receivable, Impaired, Commitment to Lend | $ 0 | $ 207,000 | |
Financing Receivable, Modifications, Number of Contracts | 0 | 0 | |
Financing Receivables, Impaired, Troubled Debt Restructuring, Write-down | $ 0 | $ 0 | |
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | 0 | 0 | |
Threshold Amount of Loans Outstanding to Perform Credit Analysis | $ 100,000 |
Note 3 - Loans - Major Classifi
Note 3 - Loans - Major Classifications (Details) - USD ($) $ in Thousands | Sep. 30, 2016 | Jun. 30, 2016 | Sep. 30, 2015 | Jun. 30, 2015 |
Commercial Portfolio Segment [Member] | ||||
Loans Receivable, Gross | $ 44,855 | $ 43,156 | ||
Allowance for loan losses | (510) | (505) | $ (387) | $ (316) |
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | ||||
Loans Receivable, Gross | 7,170 | 7,755 | ||
Commercial Real Estate Portfolio Segment [Member] | Other Commercial Real Estate Loans [Member] | ||||
Loans Receivable, Gross | 153,375 | 152,766 | ||
Commercial Real Estate Portfolio Segment [Member] | ||||
Allowance for loan losses | (2,643) | (2,518) | (1,727) | (1,660) |
Residential Portfolio Segment [Member] | Construction Loans [Member] | ||||
Loans Receivable, Gross | 2,348 | 1,269 | ||
Residential Portfolio Segment [Member] | Residential Real Estate Owner Occupied Loans [Member] | ||||
Loans Receivable, Gross | 32,150 | 31,091 | ||
Residential Portfolio Segment [Member] | Residential Real Estate Non-owner Occupied Loans [Member] | ||||
Loans Receivable, Gross | 15,093 | 14,438 | ||
Residential Portfolio Segment [Member] | ||||
Allowance for loan losses | (411) | (402) | (278) | (289) |
Consumer Portfolio Segment [Member] | ||||
Loans Receivable, Gross | 5,496 | 5,803 | ||
Allowance for loan losses | (120) | (141) | (122) | (167) |
Loans Receivable, Gross | 260,487 | 256,278 | ||
Allowance for loan losses | (3,684) | (3,566) | $ (2,514) | $ (2,432) |
Net Loans | $ 256,803 | $ 252,712 |
Note 3 - Loans - Allowance for
Note 3 - Loans - Allowance for Loan Losses by Portfolio Segment (Details) - USD ($) $ in Thousands | 3 Months Ended | |||
Sep. 30, 2016 | Sep. 30, 2015 | Sep. 30, 2016 | Jun. 30, 2016 | |
Commercial Portfolio Segment [Member] | ||||
Beginning balance | $ 505 | $ 316 | ||
Provision for Loan and Lease Losses | 5 | 71 | ||
Loans charged-off | ||||
Recoveries | ||||
Total ending allowance balance | 510 | 387 | ||
Individually evaluated for impairment | ||||
Collectively evaluated for impairment | 510 | 505 | ||
Total ending allowance balance | 505 | 316 | 510 | 505 |
Loans individually evaluated for impairment | 1,029 | |||
Loans collectively evaluated for impairment | 44,953 | 42,219 | ||
Total ending loans balance | 44,953 | 43,248 | ||
Commercial Real Estate Portfolio Segment [Member] | ||||
Beginning balance | 2,518 | 1,660 | ||
Provision for Loan and Lease Losses | 125 | 70 | ||
Loans charged-off | (3) | |||
Recoveries | ||||
Total ending allowance balance | 2,643 | 1,727 | ||
Individually evaluated for impairment | 895 | 868 | ||
Collectively evaluated for impairment | 1,748 | 1,650 | ||
Total ending allowance balance | 2,518 | 1,660 | 2,643 | 2,518 |
Loans individually evaluated for impairment | 2,612 | 5,105 | ||
Loans collectively evaluated for impairment | 158,277 | 155,734 | ||
Total ending loans balance | 160,889 | 160,839 | ||
Residential Portfolio Segment [Member] | ||||
Beginning balance | 402 | 289 | ||
Provision for Loan and Lease Losses | 27 | (11) | ||
Loans charged-off | (21) | |||
Recoveries | 3 | |||
Total ending allowance balance | 411 | 278 | ||
Individually evaluated for impairment | 6 | 6 | ||
Collectively evaluated for impairment | 405 | 396 | ||
Total ending allowance balance | 402 | 289 | 411 | 402 |
Loans individually evaluated for impairment | 510 | 758 | ||
Loans collectively evaluated for impairment | 49,206 | 46,166 | ||
Total ending loans balance | 49,716 | 46,924 | ||
Consumer Portfolio Segment [Member] | ||||
Beginning balance | 141 | 167 | ||
Provision for Loan and Lease Losses | (21) | (38) | ||
Loans charged-off | (4) | (18) | ||
Recoveries | 4 | 11 | ||
Total ending allowance balance | 120 | 122 | ||
Individually evaluated for impairment | ||||
Collectively evaluated for impairment | 120 | 141 | ||
Total ending allowance balance | 141 | 167 | 120 | 141 |
Loans individually evaluated for impairment | ||||
Loans collectively evaluated for impairment | 5,507 | 5,816 | ||
Total ending loans balance | 5,507 | 5,816 | ||
Beginning balance | 3,566 | 2,432 | ||
Provision for Loan and Lease Losses | 136 | 92 | ||
Loans charged-off | (25) | (21) | ||
Recoveries | 7 | 11 | ||
Total ending allowance balance | 3,684 | 2,514 | ||
Individually evaluated for impairment | 901 | 874 | ||
Collectively evaluated for impairment | 2,783 | 2,692 | ||
Total ending allowance balance | $ 3,684 | $ 2,432 | 3,684 | 3,566 |
Loans individually evaluated for impairment | 3,122 | 6,892 | ||
Loans collectively evaluated for impairment | 257,943 | 249,935 | ||
Total ending loans balance | $ 261,065 | $ 256,827 |
Note 3 - Loans - Impaired Loans
Note 3 - Loans - Impaired Loans (Details) - USD ($) $ in Thousands | 3 Months Ended | ||
Sep. 30, 2016 | Sep. 30, 2015 | Jun. 30, 2016 | |
Commercial Portfolio Segment [Member] | |||
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance | $ 1,033 | ||
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | 1,029 | ||
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 660 | ||
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 80 | ||
Impaired Financing Receivable, with No Related Allowance, Interest Income, Cash Basis Method | 80 | ||
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | |||
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance | 16 | 386 | |
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | 16 | 384 | |
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 329 | 12 | |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 6 | ||
Impaired Financing Receivable, with No Related Allowance, Interest Income, Cash Basis Method | 6 | ||
Commercial Real Estate Portfolio Segment [Member] | Other Commercial Real Estate Loans [Member] | |||
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance | 62 | 2,121 | |
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | 62 | 2,106 | |
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 1,555 | 2,059 | |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 105 | ||
Impaired Financing Receivable, with No Related Allowance, Interest Income, Cash Basis Method | 105 | ||
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance | 2,728 | 2,802 | |
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 2,534 | 2,615 | |
Impaired Financing Receivable, Related Allowance | 895 | 868 | |
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment | 2,449 | 894 | |
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method | 8 | 9 | |
Impaired Financing Receivable, with Related Allowance, Interest Income, Cash Basis Method | 8 | 9 | |
Residential Portfolio Segment [Member] | Residential Real Estate Owner Occupied Loans [Member] | |||
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance | 127 | 175 | |
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | 127 | 174 | |
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 127 | 267 | |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | |||
Impaired Financing Receivable, with No Related Allowance, Interest Income, Cash Basis Method | |||
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance | 176 | 177 | |
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 177 | 177 | |
Impaired Financing Receivable, Related Allowance | 6 | 6 | |
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment | 177 | 122 | |
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method | 2 | 2 | |
Impaired Financing Receivable, with Related Allowance, Interest Income, Cash Basis Method | 2 | 2 | |
Residential Portfolio Segment [Member] | Residential Real Estate Non-owner Occupied Loans [Member] | |||
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance | 207 | 722 | |
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | 206 | 407 | |
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 208 | 77 | |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | |||
Impaired Financing Receivable, with No Related Allowance, Interest Income, Cash Basis Method | |||
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance | |||
Impaired Financing Receivable, with Related Allowance, Recorded Investment | |||
Impaired Financing Receivable, Related Allowance | |||
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment | 458 | ||
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method | 4 | ||
Impaired Financing Receivable, with Related Allowance, Interest Income, Cash Basis Method | 4 | ||
Impaired Financing Receivable, Related Allowance | 901 | 874 | |
Impaired Financing Receivable, Unpaid Principal Balance | 3,316 | 7,416 | |
Impaired Financing Receivable, Recorded Investment | 3,122 | $ 6,892 | |
Impaired Financing Receivable, Average Recorded Investment | 5,505 | 3,889 | |
Impaired Financing Receivable, Interest Income, Accrual Method | 201 | 15 | |
Impaired Financing Receivable, Interest Income, Cash Basis Method | $ 201 | $ 15 |
Note 3 - Loans - Loans Past Due
Note 3 - Loans - Loans Past Due (Details) - USD ($) | Sep. 30, 2016 | Jun. 30, 2016 |
Commercial Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due | $ 123,000 | |
Commercial Portfolio Segment [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due | ||
Commercial Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due | ||
Commercial Portfolio Segment [Member] | ||
Financing Receivable, Recorded Investment, Nonaccrual Status | 1,009,000 | |
Financing Receivable, Recorded Investment, 90 Days Past Due and Still Accruing | ||
Financing Receivable, Recorded Investment, Past Due | 123,000 | |
Financing Receivable Recorded Investment Not Past Due | 44,953,000 | 43,125,000 |
Financing Receivable, Recorded Investment, Total | 44,953,000 | 43,248,000 |
Commercial Real Estate Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | Construction Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due | ||
Commercial Real Estate Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | Other Commercial Real Estate Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due | 59,000 | |
Commercial Real Estate Portfolio Segment [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | Construction Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due | ||
Commercial Real Estate Portfolio Segment [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | Other Commercial Real Estate Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due | ||
Commercial Real Estate Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Construction Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due | ||
Commercial Real Estate Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Other Commercial Real Estate Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due | 1,578,000 | 2,110,000 |
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | ||
Financing Receivable, Recorded Investment, Nonaccrual Status | 16,000 | 384,000 |
Financing Receivable, Recorded Investment, 90 Days Past Due and Still Accruing | ||
Financing Receivable, Recorded Investment, Past Due | ||
Financing Receivable Recorded Investment Not Past Due | 7,182,000 | 7,764,000 |
Financing Receivable, Recorded Investment, Total | 7,182,000 | 7,764,000 |
Commercial Real Estate Portfolio Segment [Member] | Other Commercial Real Estate Loans [Member] | ||
Financing Receivable, Recorded Investment, Nonaccrual Status | 1,945,000 | 4,000,000 |
Financing Receivable, Recorded Investment, 90 Days Past Due and Still Accruing | ||
Financing Receivable, Recorded Investment, Past Due | 1,578,000 | 2,169,000 |
Financing Receivable Recorded Investment Not Past Due | 152,129,000 | 150,906,000 |
Financing Receivable, Recorded Investment, Total | 153,707,000 | 153,075,000 |
Commercial Real Estate Portfolio Segment [Member] | ||
Financing Receivable, Recorded Investment, Total | 160,889,000 | 160,839,000 |
Residential Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | Construction Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due | ||
Residential Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | Residential Real Estate Owner Occupied Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due | 11,000 | 15,000 |
Residential Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | Residential Real Estate Non-owner Occupied Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due | ||
Residential Portfolio Segment [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | Construction Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due | ||
Residential Portfolio Segment [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | Residential Real Estate Owner Occupied Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due | ||
Residential Portfolio Segment [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | Residential Real Estate Non-owner Occupied Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due | ||
Residential Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Construction Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due | ||
Residential Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Residential Real Estate Owner Occupied Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due | 187,000 | 218,000 |
Residential Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Residential Real Estate Non-owner Occupied Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due | 196,000 | |
Residential Portfolio Segment [Member] | Construction Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due | ||
Financing Receivable Recorded Investment Not Past Due | 2,351,000 | 1,270,000 |
Financing Receivable, Recorded Investment, Total | 2,351,000 | 1,270,000 |
Residential Portfolio Segment [Member] | Residential Real Estate Owner Occupied Loans [Member] | ||
Financing Receivable, Recorded Investment, Nonaccrual Status | 187,000 | 234,000 |
Financing Receivable, Recorded Investment, 90 Days Past Due and Still Accruing | ||
Financing Receivable, Recorded Investment, Past Due | 198,000 | 233,000 |
Financing Receivable Recorded Investment Not Past Due | 32,035,000 | 30,947,000 |
Financing Receivable, Recorded Investment, Total | 32,233,000 | 31,180,000 |
Residential Portfolio Segment [Member] | Residential Real Estate Non-owner Occupied Loans [Member] | ||
Financing Receivable, Recorded Investment, Nonaccrual Status | 206,000 | 407,000 |
Financing Receivable, Recorded Investment, 90 Days Past Due and Still Accruing | ||
Financing Receivable, Recorded Investment, Past Due | 196,000 | |
Financing Receivable Recorded Investment Not Past Due | 15,132,000 | 14,278,000 |
Financing Receivable, Recorded Investment, Total | 15,132,000 | 14,474,000 |
Residential Portfolio Segment [Member] | ||
Financing Receivable, Recorded Investment, Total | 49,716,000 | 46,924,000 |
Consumer Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due | 5,000 | 7,000 |
Consumer Portfolio Segment [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due | 9,000 | |
Consumer Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due | ||
Consumer Portfolio Segment [Member] | ||
Financing Receivable, Recorded Investment, Nonaccrual Status | ||
Financing Receivable, Recorded Investment, 90 Days Past Due and Still Accruing | ||
Financing Receivable, Recorded Investment, Past Due | 14,000 | 7,000 |
Financing Receivable Recorded Investment Not Past Due | 5,493,000 | 5,809,000 |
Financing Receivable, Recorded Investment, Total | 5,507,000 | 5,816,000 |
Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due | 16,000 | 204,000 |
Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due | 9,000 | |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due | 1,765,000 | 2,524,000 |
Financing Receivable, Recorded Investment, Nonaccrual Status | 2,354,000 | 6,034,000 |
Financing Receivable, Recorded Investment, 90 Days Past Due and Still Accruing | ||
Financing Receivable, Recorded Investment, Past Due | 1,790,000 | 2,728,000 |
Financing Receivable Recorded Investment Not Past Due | 259,275,000 | 254,099,000 |
Financing Receivable, Recorded Investment, Total | $ 261,065,000 | $ 256,827,000 |
Note 3 - Loans - Recorded Inves
Note 3 - Loans - Recorded Investment by Risk Category (Details) - USD ($) $ in Thousands | Sep. 30, 2016 | Jun. 30, 2016 |
Commercial Portfolio Segment [Member] | Pass [Member] | ||
Financing Receivable, Net | $ 37,910 | $ 35,243 |
Commercial Portfolio Segment [Member] | Special Mention [Member] | ||
Financing Receivable, Net | 6,461 | 6,190 |
Commercial Portfolio Segment [Member] | Substandard [Member] | ||
Financing Receivable, Net | 74 | 1,162 |
Commercial Portfolio Segment [Member] | Doubtful [Member] | ||
Financing Receivable, Net | ||
Commercial Portfolio Segment [Member] | Not Rated [Member] | ||
Financing Receivable, Net | 508 | 653 |
Commercial Real Estate Portfolio Segment [Member] | Pass [Member] | Construction Loans [Member] | ||
Financing Receivable, Net | 7,118 | 7,305 |
Commercial Real Estate Portfolio Segment [Member] | Pass [Member] | Other Commercial Real Estate Loans [Member] | ||
Financing Receivable, Net | 147,315 | 144,101 |
Commercial Real Estate Portfolio Segment [Member] | Special Mention [Member] | Construction Loans [Member] | ||
Financing Receivable, Net | ||
Commercial Real Estate Portfolio Segment [Member] | Special Mention [Member] | Other Commercial Real Estate Loans [Member] | ||
Financing Receivable, Net | 2,377 | 2,482 |
Commercial Real Estate Portfolio Segment [Member] | Substandard [Member] | Construction Loans [Member] | ||
Financing Receivable, Net | 384 | |
Commercial Real Estate Portfolio Segment [Member] | Substandard [Member] | Other Commercial Real Estate Loans [Member] | ||
Financing Receivable, Net | 1,827 | 4,026 |
Commercial Real Estate Portfolio Segment [Member] | Doubtful [Member] | Construction Loans [Member] | ||
Financing Receivable, Net | 16 | |
Commercial Real Estate Portfolio Segment [Member] | Doubtful [Member] | Other Commercial Real Estate Loans [Member] | ||
Financing Receivable, Net | 1,945 | 2,150 |
Commercial Real Estate Portfolio Segment [Member] | Not Rated [Member] | Construction Loans [Member] | ||
Financing Receivable, Net | 48 | 75 |
Commercial Real Estate Portfolio Segment [Member] | Not Rated [Member] | Other Commercial Real Estate Loans [Member] | ||
Financing Receivable, Net | 243 | 316 |
Residential Portfolio Segment [Member] | Pass [Member] | Construction Loans [Member] | ||
Financing Receivable, Net | 760 | 235 |
Residential Portfolio Segment [Member] | Pass [Member] | Residential Real Estate Owner Occupied Loans [Member] | ||
Financing Receivable, Net | 3,357 | 3,506 |
Residential Portfolio Segment [Member] | Pass [Member] | Residential Real Estate Non-owner Occupied Loans [Member] | ||
Financing Receivable, Net | 14,111 | 12,999 |
Residential Portfolio Segment [Member] | Special Mention [Member] | Construction Loans [Member] | ||
Financing Receivable, Net | ||
Residential Portfolio Segment [Member] | Special Mention [Member] | Residential Real Estate Owner Occupied Loans [Member] | ||
Financing Receivable, Net | 71 | 72 |
Residential Portfolio Segment [Member] | Special Mention [Member] | Residential Real Estate Non-owner Occupied Loans [Member] | ||
Financing Receivable, Net | 182 | 406 |
Residential Portfolio Segment [Member] | Substandard [Member] | Construction Loans [Member] | ||
Financing Receivable, Net | ||
Residential Portfolio Segment [Member] | Substandard [Member] | Residential Real Estate Owner Occupied Loans [Member] | ||
Financing Receivable, Net | 346 | 349 |
Residential Portfolio Segment [Member] | Substandard [Member] | Residential Real Estate Non-owner Occupied Loans [Member] | ||
Financing Receivable, Net | 272 | 486 |
Residential Portfolio Segment [Member] | Doubtful [Member] | Construction Loans [Member] | ||
Financing Receivable, Net | ||
Residential Portfolio Segment [Member] | Doubtful [Member] | Residential Real Estate Owner Occupied Loans [Member] | ||
Financing Receivable, Net | 47 | 47 |
Residential Portfolio Segment [Member] | Doubtful [Member] | Residential Real Estate Non-owner Occupied Loans [Member] | ||
Financing Receivable, Net | 206 | 196 |
Residential Portfolio Segment [Member] | Not Rated [Member] | Construction Loans [Member] | ||
Financing Receivable, Net | 1,591 | 1,035 |
Residential Portfolio Segment [Member] | Not Rated [Member] | Residential Real Estate Owner Occupied Loans [Member] | ||
Financing Receivable, Net | 28,412 | 27,206 |
Residential Portfolio Segment [Member] | Not Rated [Member] | Residential Real Estate Non-owner Occupied Loans [Member] | ||
Financing Receivable, Net | 361 | 387 |
Consumer Portfolio Segment [Member] | Pass [Member] | ||
Financing Receivable, Net | 161 | 210 |
Consumer Portfolio Segment [Member] | Special Mention [Member] | ||
Financing Receivable, Net | ||
Consumer Portfolio Segment [Member] | Substandard [Member] | ||
Financing Receivable, Net | 5 | 6 |
Consumer Portfolio Segment [Member] | Doubtful [Member] | ||
Financing Receivable, Net | ||
Consumer Portfolio Segment [Member] | Not Rated [Member] | ||
Financing Receivable, Net | 5,341 | 5,600 |
Pass [Member] | ||
Financing Receivable, Net | 210,732 | 203,599 |
Special Mention [Member] | ||
Financing Receivable, Net | 9,091 | 9,150 |
Substandard [Member] | ||
Financing Receivable, Net | 2,524 | 6,413 |
Doubtful [Member] | ||
Financing Receivable, Net | 2,214 | 2,393 |
Not Rated [Member] | ||
Financing Receivable, Net | $ 36,504 | $ 35,272 |
Note 4 - Fair Value (Details Te
Note 4 - Fair Value (Details Textual) - USD ($) $ in Thousands | 3 Months Ended | ||
Sep. 30, 2016 | Sep. 30, 2015 | Jun. 30, 2016 | |
Collateral Dependent Loans [Member] | |||
Impaired Financing Receivable, Unpaid Principal Balance | $ 1,531 | $ 2,150 | |
Impaired Financing Receivable, Related Allowance | 787 | 747 | |
Provision for Loan and Lease Losses | 41 | $ (3) | |
Impaired Financing Receivable, Unpaid Principal Balance | 3,316 | 7,416 | |
Impaired Financing Receivable, Related Allowance | 901 | $ 874 | |
Provision for Loan and Lease Losses | $ 136 | $ 92 |
Note 4 - Fair Value - Assets an
Note 4 - Fair Value - Assets and Liabilities Measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Thousands | Sep. 30, 2016 | Jun. 30, 2016 |
US Government-sponsored Enterprises Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Securities, available-for-sale | ||
US Government-sponsored Enterprises Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Securities, available-for-sale | 10,328 | 10,044 |
US Government-sponsored Enterprises Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Securities, available-for-sale | ||
US Government-sponsored Enterprises Debt Securities [Member] | ||
Securities, available-for-sale | 10,328 | 10,044 |
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Securities, available-for-sale | ||
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Securities, available-for-sale | 55,859 | 55,954 |
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Securities, available-for-sale | ||
US States and Political Subdivisions Debt Securities [Member] | ||
Securities, available-for-sale | 55,859 | 55,954 |
Residential Mortgage Backed Securities [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Securities, available-for-sale | ||
Residential Mortgage Backed Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Securities, available-for-sale | 54,812 | 59,596 |
Residential Mortgage Backed Securities [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Securities, available-for-sale | ||
Residential Mortgage Backed Securities [Member] | ||
Securities, available-for-sale | 54,812 | 59,596 |
Commercial Mortgage Backed Securities [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Securities, available-for-sale | ||
Commercial Mortgage Backed Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Securities, available-for-sale | 1,503 | 1,526 |
Commercial Mortgage Backed Securities [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Securities, available-for-sale | ||
Commercial Mortgage Backed Securities [Member] | ||
Securities, available-for-sale | 1,503 | 1,526 |
Collateralized Mortgage Backed Securities [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Securities, available-for-sale | ||
Collateralized Mortgage Backed Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Securities, available-for-sale | 5,388 | 5,820 |
Collateralized Mortgage Backed Securities [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Securities, available-for-sale | ||
Collateralized Mortgage Backed Securities [Member] | ||
Securities, available-for-sale | 5,388 | 5,820 |
Pooled Trust Preferred Securities Subject to Mandatory Redemption [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Securities, available-for-sale | ||
Pooled Trust Preferred Securities Subject to Mandatory Redemption [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Securities, available-for-sale | 420 | 429 |
Pooled Trust Preferred Securities Subject to Mandatory Redemption [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Securities, available-for-sale | ||
Pooled Trust Preferred Securities Subject to Mandatory Redemption [Member] | ||
Securities, available-for-sale | 420 | 429 |
Securities, available-for-sale | $ 128,310 | $ 133,369 |
Note 4 - Fair Value - Financial
Note 4 - Fair Value - Financial Assets and Liabilities Measured at Fair Value on a Non-recurring Basis (Details) - USD ($) $ in Thousands | Sep. 30, 2016 | Jun. 30, 2016 |
Commercial Real Estate - Other [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Assets, Fair Value Disclosure, Nonrecurring | ||
Commercial Real Estate - Other [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Assets, Fair Value Disclosure, Nonrecurring | ||
Commercial Real Estate - Other [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Assets, Fair Value Disclosure, Nonrecurring | 744 | 1,206 |
Commercial Real Estate - Other [Member] | ||
Assets, Fair Value Disclosure, Nonrecurring | $ 744 | 1,206 |
Residential Real Estate Non-owner Occupied Loans [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Assets, Fair Value Disclosure, Nonrecurring | ||
Residential Real Estate Non-owner Occupied Loans [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Assets, Fair Value Disclosure, Nonrecurring | ||
Residential Real Estate Non-owner Occupied Loans [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Assets, Fair Value Disclosure, Nonrecurring | 197 | |
Residential Real Estate Non-owner Occupied Loans [Member] | ||
Assets, Fair Value Disclosure, Nonrecurring | $ 197 |
Note 4 - Fair Value - Quantitat
Note 4 - Fair Value - Quantitative Information about Level 3 Fair Value Measurements (Details) $ in Thousands | 12 Months Ended |
Jun. 30, 2016USD ($) | |
Commercial Real Estate - Other [Member] | Bid Indications [Member] | Weighted Average [Member] | |
Discount Rate | 0.00% |
Commercial Real Estate - Other [Member] | Bid Indications [Member] | |
Fair Value | $ 744 |
Valuation Technique | Bid Indications |
Discount Rate | 0.00% |
Commercial Real Estate - Other [Member] | Settlement Contract [Member] | Weighted Average [Member] | |
Discount Rate | 0.00% |
Commercial Real Estate - Other [Member] | Settlement Contract [Member] | |
Fair Value | $ 459 |
Valuation Technique | Settlement Contract |
Discount Rate | 0.00% |
Commercial Real Estate - Other 1 [Member] | Bid Indications [Member] | Weighted Average [Member] | |
Discount Rate | 0.00% |
Commercial Real Estate - Other 1 [Member] | Bid Indications [Member] | |
Fair Value | $ 754 |
Valuation Technique | Bid Indications |
Discount Rate | 0.00% |
Residential Real Estate Non-owner Occupied Loans [Member] | Bid Indications [Member] | Weighted Average [Member] | |
Discount Rate | 0.00% |
Residential Real Estate Non-owner Occupied Loans [Member] | Bid Indications [Member] | |
Fair Value | $ 197 |
Valuation Technique | Bid Indications |
Discount Rate | 0.00% |
Note 4 - Fair Value - Estimated
Note 4 - Fair Value - Estimated Fair Values of Financial Instruments (Details) - USD ($) $ in Thousands | Sep. 30, 2016 | Jun. 30, 2016 | Sep. 30, 2015 |
Fair Value, Inputs, Level 1 [Member] | Reported Value Measurement [Member] | |||
Cash and cash equivalents | $ 12,533 | $ 10,181 | |
Fair Value, Inputs, Level 1 [Member] | Estimate of Fair Value Measurement [Member] | |||
Cash and cash equivalents | 12,533 | 10,181 | |
Fair Value, Inputs, Level 2 [Member] | Reported Value Measurement [Member] | Demand and Savings Deposits [Member] | |||
Demand and savings deposits | 286,951 | 281,640 | |
Fair Value, Inputs, Level 2 [Member] | Reported Value Measurement [Member] | Time Deposits [Member] | |||
Demand and savings deposits | 66,020 | 65,008 | |
Fair Value, Inputs, Level 2 [Member] | Reported Value Measurement [Member] | |||
Certificates of deposits in other financial institutions | 5,656 | 5,906 | |
Loans held for sale | 1,810 | 1,048 | |
Accrued interest receivable | 1,303 | 1,077 | |
Short-term borrowings | 20,546 | 19,129 | |
Federal Home Loan Bank advances | 12,366 | 17,281 | |
Accrued interest payable | 38 | 40 | |
Fair Value, Inputs, Level 2 [Member] | Estimate of Fair Value Measurement [Member] | Demand and Savings Deposits [Member] | |||
Demand and savings deposits | 286,951 | 281,640 | |
Fair Value, Inputs, Level 2 [Member] | Estimate of Fair Value Measurement [Member] | Time Deposits [Member] | |||
Demand and savings deposits | 66,146 | 65,111 | |
Fair Value, Inputs, Level 2 [Member] | Estimate of Fair Value Measurement [Member] | |||
Certificates of deposits in other financial institutions | 5,656 | 5,906 | |
Loans held for sale | 1,850 | 1,067 | |
Accrued interest receivable | 1,303 | 1,077 | |
Short-term borrowings | 20,546 | 19,129 | |
Federal Home Loan Bank advances | 12,377 | 17,486 | |
Accrued interest payable | 38 | 40 | |
Fair Value, Inputs, Level 3 [Member] | Reported Value Measurement [Member] | |||
Held-to-maturity, fair value | 4,399 | 3,494 | |
Loans, net | 256,803 | 252,712 | |
Fair Value, Inputs, Level 3 [Member] | Estimate of Fair Value Measurement [Member] | |||
Held-to-maturity, fair value | 4,510 | 3,619 | |
Loans, net | 257,789 | $ 253,155 | |
Held-to-maturity, fair value | $ 4,510 | $ 3,619 |
Note 5 - Earnings Per Share - S
Note 5 - Earnings Per Share - Schedule of Earnings Per Share, Basic and Diluted (Details) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | |
Sep. 30, 2016 | Sep. 30, 2015 | |
Net income available to common shareholders | $ 901 | $ 727 |
Weighted average common shares outstanding (in shares) | 2,723,915 | 2,724,372 |
Basic income per share (in dollars per share) | $ 0.33 | $ 0.27 |
Net income available to common shareholders | $ 901 | $ 727 |
Weighted average common shares outstanding (in shares) | 2,723,915 | 2,724,372 |
Dilutive effect of restricted stock (in shares) | 4 | 189 |
Total common shares and dilutive potential common shares (in shares) | 2,723,919 | 2,724,561 |
Dilutive income per share (in dollars per share) | $ 0.33 | $ 0.27 |
Note 6 - Accumulated Other Co38
Note 6 - Accumulated Other Comprehensive Income - Components of Other Comprehensive Income (Details) - USD ($) $ in Thousands | 3 Months Ended | ||||
Sep. 30, 2016 | Sep. 30, 2015 | Jun. 30, 2016 | Jun. 30, 2015 | ||
Accumulated other comprehensive income (loss), before tax | $ 3,095 | $ 2,141 | $ 3,621 | $ 1,363 | |
Accumulated other comprehensive income (loss), tax | (1,053) | (728) | (1,232) | (464) | |
Accumulated other comprehensive income | 2,042 | 1,413 | $ 2,389 | $ 899 | |
Unrealized holding loss on available-for-sale securities arising during the period | (423) | 813 | |||
Unrealized holding loss on available-for-sale securities arising during the period | 144 | 276 | |||
Unrealized holding loss on available-for-sale securities arising during the period | (279) | 537 | |||
Amounts reclassified from accumulated other comprehensive income | [1],[2] | (103) | (35) | ||
Amounts reclassified from accumulated other comprehensive income | [1],[2] | 35 | 12 | ||
Amounts reclassified from accumulated other comprehensive income | [1],[2] | (68) | (23) | ||
Net current period other comprehensive income | (526) | 778 | |||
Net current period other comprehensive income | 179 | (264) | |||
Net current period other comprehensive income | (347) | 514 | |||
Unrealized holding gain on available-for-sale securities arising during the period | $ (144) | $ (276) | |||
[1] | Income tax expense | ||||
[2] | Securities gain, net |