Greene County Bancorp (GCBC) 10-Q 13 Nov 15 2016 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Sep. 30, 2015	Nov. 13, 2015
Document and Entity Information [Abstract]
Entity Registrant Name	GREENE COUNTY BANCORP INC
Entity Central Index Key	1,070,524
Current Fiscal Year End Date	--06-30
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		4,225,957
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q1
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2015

Consolidated Statements of Fina

Consolidated Statements of Financial Condition (Unaudited) - USD ($) $ in Thousands	Sep. 30, 2015	Jun. 30, 2015
ASSETS
Total cash and cash equivalents	$ 12,117	$ 15,538
Long term certificate of deposit	1,230	1,230
Securities available-for-sale, at fair value	95,757	86,034
Securities held-to-maturity, at amortized cost (fair value $178,960 at September 30, 2015; $171,976 at June 30, 2015)	174,560	169,000
Federal Home Loan Bank stock, at cost	1,832	2,494
Loans	468,019	450,755
Allowance for loan losses	(8,466)	(8,142)
Unearned origination fees and costs, net	905	883
Loans receivable, net	460,458	443,496
Premises and equipment	14,476	14,515
Accrued interest receivable	3,185	3,026
Foreclosed real estate	836	847
Prepaid expenses and other assets	3,294	2,467
Total assets	767,745	738,647
LIABILITIES AND SHAREHOLDERS' EQUITY
Noninterest bearing deposits	79,111	73,359
Interest-bearing deposits	585,197	549,358
Total deposits	664,308	622,717
Borrowings from Federal Home Loan Bank, short-term	8,200	22,900
Borrowings from Federal Home Loan Bank, long-term	18,800	18,800
Accrued expenses and other liabilities	7,656	7,310
Total liabilities	698,964	671,727
SHAREHOLDERS' EQUITY
Preferred stock, Authorized - 1,000,000 shares; Issued - None	0	0
Common stock, par value $.10 per share; Authorized - 12,000,000 shares; Issued - 4,305,670 shares; Outstanding 4,224,457 shares at September 30, 2015, and 4,222,357 shares at June 30, 2015	431	431
Additional paid-in capital	11,230	11,220
Retained earnings	58,491	56,696
Accumulated other comprehensive loss	(758)	(798)
Treasury stock, at cost 81,213 shares at September 30, 2015,and 83,313 shares at June 30, 2015	(613)	(629)
Total shareholders' equity	68,781	66,920
Total liabilities and shareholders' equity	$ 767,745	$ 738,647

Consolidated Statements of Fin3

Consolidated Statements of Financial Condition (Unaudited) (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2015	Jun. 30, 2015
ASSETS
Held-to-maturity Securities, fair value	$ 178,960	$ 171,976
SHAREHOLDERS' EQUITY
Preferred Stock, Shares Authorized (in shares)	1,000,000	1,000,000
Preferred Stock, Shares Issued (in shares)	0	0
Common Stock, Par Value (in dollars per share)	$ 0.10	$ 0.10
Common Stock, Shares Authorized (in shares)	12,000,000	12,000,000
Common Stock, Shares Issued (in shares)	4,305,670	4,305,670
Common Stock, Shares Outstanding (in shares)	4,224,457	4,222,357
Treasury Stock, Shares (in shares)	81,213	83,313

Consolidated Statements of Inco

Consolidated Statements of Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Interest income:
Loans	$ 5,293	$ 4,839
Investment securities - taxable	134	143
Mortgage-backed securities	767	705
Investment securities - tax exempt	667	552
Interest-bearing deposits and federal funds sold	2	2
Total interest income	6,863	6,241
Interest expense:
Interest on deposits	531	501
Interest on borrowings	83	61
Total interest expense	614	562
Net interest income	6,249	5,679
Provision for loan losses	374	411
Net interest income after provision for loan losses	5,875	5,268
Noninterest income:
Service charges on deposit accounts	717	716
Debit card fees	452	415
Investment services	93	102
E-commerce fees	24	28
Other operating income	160	208
Total noninterest income	1,446	1,469
Noninterest expense:
Salaries and employee benefits	2,424	2,367
Occupancy expense	363	324
Equipment and furniture expense	120	76
Service and data processing fees	410	454
Computer software, supplies and support	133	233
Advertising and promotion	101	81
FDIC insurance premiums	100	91
Legal and professional fees	260	213
Other	609	438
Total noninterest expense	4,520	4,277
Income before provision for income taxes	2,801	2,460
Provision for income taxes	651	685
Net income	$ 2,150	$ 1,775
Basic earnings per share (in dollars per share)	$ 0.51	$ 0.42
Basic average shares outstanding (in shares)	4,223,156	4,214,358
Diluted earnings per share (in dollars per share)	$ 0.51	$ 0.42
Diluted average shares outstanding (in shares)	4,249,380	4,245,325
Dividends per share (in dollars per share)	$ 0.185	$ 0.180

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Consolidated Statements of Comprehensive Income (Unaudited) [Abstract]
Net Income	$ 2,150	$ 1,775
Other comprehensive income:
Unrealized holding gains on available-for-sale securities, net of income taxes of $21 and $12, respectively	34	18
Accretion of unrealized loss on securities transferred to held-to-maturity, net of income taxes of $4 and $67, respectively	6	105
Total other comprehensive income, net of taxes	40	123
Comprehensive income	$ 2,190	$ 1,898

Consolidated Statements of Com6

Consolidated Statements of Comprehensive Income (Unaudited) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Other comprehensive income:
Unrealized holding gains on available-for-sale securities, income taxes	$ 21	$ 12
Accretion of unrealized loss on securities transferred to held-to-maturity, income taxes	$ 4	$ 67

Consolidated Statements of Chan

Consolidated Statements of Changes in Shareholders' Equity (Unaudited) - USD ($) $ in Thousands	Common Stock [Member]	Additional Paid-In Capital [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Income [Member]	Treasury Stock [Member]	Total
Balance at Jun. 30, 2014	$ 431	$ 11,208	$ 51,305	$ (1,050)	$ (694)	$ 61,200
Options exercised		15			24	39
Tax benefit of stock based compensation		6				6
Dividends declared			(344)			(344)
Net income			1,775			1,775
Other comprehensive income, net of taxes				123		123
Balance at Sep. 30, 2014	431	11,229	52,736	(927)	(670)	62,799
Balance at Jun. 30, 2015	431	11,220	56,696	(798)	(629)	66,920
Options exercised		10			16	26
Dividends declared			(355)			(355)
Net income			2,150			2,150
Other comprehensive income, net of taxes				40		40
Balance at Sep. 30, 2015	$ 431	$ 11,230	$ 58,491	$ (758)	$ (613)	$ 68,781

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Cash flows from operating activities:
Net Income	$ 2,150	$ 1,775
Adjustments to reconcile net income to net cash provided by operating activities
Depreciation	158	130
Deferred income tax expense	751	635
Net amortization of premiums and discounts	174	344
Net amortization of deferred loan costs and fees	102	15
Provision for loan losses	374	411
Losses (gains) on sale of foreclosed real estate	106	(7)
Excess tax benefit from share based compensation	0	(6)
Net (decrease) increase in accrued income taxes	(764)	30
Net increase in accrued interest receivable	(159)	(208)
Net decrease (increase) in prepaid and other assets	209	(168)
Net decrease in other liabilities	(702)	(784)
Net cash provided by operating activities	2,399	2,167
Securities available-for-sale:
Proceeds from maturities	15,735	2,250
Purchases of securities	(26,970)	(12,889)
Principal payments on securities	1,512	1,394
Securities held-to-maturity:
Proceeds from maturities	2,788	5,091
Purchases of securities	(10,860)	(8,942)
Principal payments on securities	2,403	1,500
Net redemption of Federal Home Loan Bank Stock	662	117
Net increase in loans receivable	(17,756)	(7,969)
Proceeds from sale of foreclosed real estate	223	302
Purchases of premises and equipment	(119)	(180)
Net cash used by investing activities	(32,382)	(19,326)
Cash flows from financing activities:
Net (decrease) increase in short-term FHLB advances	(14,700)	1,650
Payment of cash dividends	(355)	(344)
Proceeds from issuance of stock options	26	39
Excess tax benefit from share based compensation	0	6
Net increase in deposits	41,591	21,734
Net cash provided by financing activities	26,562	23,085
Net (decrease) increase in cash and cash equivalents	(3,421)	5,926
Cash and cash equivalents at beginning of period	15,538	13,809
Cash and cash equivalents at end of period	12,117	19,735
Non-cash investing activities:
Foreclosed loans transferred to foreclosed real estate	318	158
Cash paid during period for:
Interest	613	572
Income taxes	$ 664	$ 20

Basis of Presentation

Basis of Presentation	3 Months Ended
	Sep. 30, 2015
Basis of Presentation [Abstract]
Basis of Presentation	(1) Basis of Presentation The accompanying unaudited consolidated statement of financial condition as of June 30, 2015 was derived from the audited consolidated financial statements of Greene County Bancorp, Inc. (the “Company”) and its wholly owned subsidiaries, The Bank of Greene County (the “Bank”) and Greene Risk Management, Inc., and the Bank’s wholly owned subsidiaries, Greene County Commercial Bank and Greene Property Holdings, Ltd. The consolidated financial statements at and for the three months ended September 30, 2015 and 2014 are unaudited. The financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and with the instructions to Form 10-Q and Article 8 of Regulation S-X. Accordingly, they do not include all of the information and notes required by GAAP for complete financial statements. To the extent that information and notes required by GAAP for complete financial statements are contained in or are consistent with the audited financial statements incorporated by reference to Greene County Bancorp, Inc.’s Annual Report on Form 10-K for the year ended June 30, 2015, such information and notes have not been duplicated herein. In the opinion of management, all adjustments (consisting of only normal recurring items) necessary for a fair presentation of the financial position and results of operations and cash flows at and for the periods presented have been included. Amounts in the prior year’s consolidated financial statements have been reclassified whenever necessary to conform to the current year’s presentation. These reclassifications, if any, had no effect on net income or retained earnings as previously reported. All material inter-company accounts and transactions have been eliminated in the consolidation. The results of operations and other data for the three months ended September 30, 2015 are not necessarily indicative of results that may be expected for the entire fiscal year ending June 30, 2016. These consolidated financial statements consider events that occurred through the date the consolidated financial statements were issued. CRITICAL ACCOUNTING POLICIES Greene County Bancorp, Inc.’s critical accounting policies relate to the allowance for loan losses and the evaluation of securities for other-than-temporary impairment. The allowance for loan losses is based on management’s estimation of an amount that is intended to absorb losses in the existing loan portfolio. The allowance for loan losses is established through a provision for loan losses based on management’s evaluation of the risk inherent in the loan portfolio, the composition of the portfolio, specific impaired loans and current economic conditions. Such evaluation, which includes a review of all loans for which full collectibility may not be reasonably assured, considers among other matters, the estimated net realizable value or the fair value of the underlying collateral, economic conditions, historical loan loss experience, management’s estimate of probable credit losses and other factors that warrant recognition in providing for the allowance of loan losses. However, this evaluation involves a high degree of complexity and requires management to make subjective judgments that often require assumptions or estimates about highly uncertain matters. This critical accounting policy and its application are periodically reviewed with the Audit Committee and the Board of Directors. Securities are evaluated for other-than-temporary impairment by performing periodic reviews of individual securities in the investment portfolio. Greene County Bancorp, Inc. makes an assessment to determine whether there have been any events or economic circumstances to indicate that a security on which there is an unrealized loss is impaired on an other-than-temporary basis. The Company considers many factors, including the severity and duration of the impairment; the intent and ability of the Company to hold the security for a period of time sufficient for a recovery in value; recent events specific to the issuer or industry; and for debt securities, intent to sell the security, the likelihood to be required to sell the security before it recovers the entire amortized cost, external credit ratings and recent downgrades. The Company is required to record other-than-temporary impairment charges through earnings, if it has the intent to sell, or will more likely than not be required to sell an impaired debt security before a recovery of its amortized cost basis. In addition, the Company is required to record other-than-temporary impairment charges through earnings for the amount of credit losses, regardless of the intent or requirement to sell. Credit loss is measured as the difference between the present value of an impaired debt security’s cash flows and its amortized cost basis. Non-credit related impairment must be recorded as decreases to accumulated other comprehensive income as long as the Company has no intent or requirement to sell an impaired security before a recovery of amortized cost basis.

Nature of Operations

Nature of Operations	3 Months Ended
	Sep. 30, 2015
Nature of Operations [Abstract]
Nature of Operations	(2) Nature of Operations Greene County Bancorp, Inc.’s primary business is the ownership and operation of its subsidiaries, The Bank of Greene County and Greene Risk Management, Inc. The Bank of Greene County has 13 full-service offices, an operations center and lending center located in its market area within the Hudson Valley Region of New York State. The Bank of Greene County is primarily engaged in the business of attracting deposits from the general public in The Bank of Greene County’s market area, and investing such deposits, together with other sources of funds, in loans and investment securities. Greene Risk Management, Inc. is a pooled captive insurance company, which provides additional insurance coverage for the Company and its subsidiaries related to the operations of the Company for which insurance may not be economically feasible. The Bank of Greene County also owns and operates two subsidiaries, Greene County Commercial Bank and Greene Property Holdings, Ltd. Greene County Commercial Bank’s primary business is to attract deposits from and provide banking services to local municipalities. Greene Property Holdings, Ltd.is a real estate investment trust, which holds mortgages and notes which were originated through and serviced by The Bank of Greene County.

Use of Estimates

Use of Estimates	3 Months Ended
	Sep. 30, 2015
Use of Estimates [Abstract]
Use of Estimates	(3) Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could materially differ from those estimates. Material estimates that are particularly susceptible to significant change in the near term relate to the determination of the allowance for loan losses and the assessment of other-than-temporary security impairment. While management uses available information to recognize losses on loans, future additions to the allowance for loan losses (the “Allowance”) may be necessary, based on changes in economic conditions, asset quality or other factors. In addition, various regulatory authorities, as an integral part of their examination process, periodically review the Allowance. Such authorities may require the Company to recognize additions to the Allowance based on their judgments of information available to them at the time of their examination. Greene County Bancorp, Inc. makes an assessment to determine whether there have been any events or economic circumstances to indicate that a security on which there is an unrealized loss is impaired on an other-than-temporary basis. The Company considers many factors including the severity and duration of the impairment; the intent and ability of the Company to hold the security for a period of time sufficient for a recovery in value; recent events specific to the issuer or industry; and for debt securities, intent to sell the security, whether it is more likely than not we will be required to sell the security before recovery, whether loss of the entire amortized cost is expected, external credit ratings and recent downgrades. Securities on which there is an unrealized loss that is deemed to be other-than-temporary are written down to fair value.

Securities

Securities	3 Months Ended
	Sep. 30, 2015
Securities [Abstract]
Securities	(4) Securities Securities at September 30, 2015 consisted of the following: (In thousands) Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value Securities available-for-sale: U.S. government sponsored enterprises $ 4,602 $ 267 $ - $ 4,869 State and political subdivisions 53,807 13 - 53,820 Mortgage-backed securities-residential 7,407 146 12 7,541 Mortgage-backed securities-multi-family 24,128 553 34 24,647 Asset-backed securities 7 - 1 6 Corporate debt securities 4,541 205 11 4,735 Total debt securities 94,492 1,184 58 95,618 Equity securities 62 77 - 139 Total securities available-for-sale 94,554 1,261 58 95,757 Securities held-to-maturity: U.S. government sponsored enterprises 2,000 - 26 1,974 State and political subdivisions 87,527 3,259 58 90,728 Mortgage-backed securities-residential 15,806 725 - 16,531 Mortgage-backed securities-multi-family 67,503 1,053 549 68,007 Other securities 1,724 4 8 1,720 Total securities held-to-maturity 174,560 5,041 641 178,960 Total securities $ 269,114 $ 6,302 $ 699 $ 274,717 Securities at June 30, 2015 consisted of the following: (In thousands) Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value Securities available-for-sale: U.S. government sponsored enterprises $ 7,608 $ 247 $ - $ 7,855 State and political subdivisions 39,574 9 1 39,582 Mortgage-backed securities-residential 7,797 155 10 7,942 Mortgage-backed securities-multi-family 25,291 486 42 25,735 Asset-backed securities 10 - 1 9 Corporate debt securities 4,544 242 12 4,774 Total debt securities 84,824 1,139 66 85,897 Equity securities 62 75 - 137 Total securities available-for-sale 84,886 1,214 66 86,034 Securities held-to-maturity: U.S. government sponsored enterprises 2,000 - 49 1,951 State and political subdivisions 81,501 2,137 187 83,451 Mortgage-backed securities-residential 17,468 768 - 18,236 Mortgage-backed securities-multi-family 67,239 990 665 67,564 Other securities 792 - 18 774 Total securities held-to-maturity 169,000 3,895 919 171,976 Total securities $ 253,886 $ 5,109 $ 985 $ 258,010 Greene County Bancorp, Inc.’s current policies generally limit securities investments to U.S. Government and securities of government sponsored enterprises, federal funds sold, municipal bonds, corporate debt obligations and certain mutual funds. In addition, the Company’s policies permit investments in mortgage-backed securities, including securities issued and guaranteed by Fannie Mae, Freddie Mac, and GNMA, and collateralized mortgage obligations issued by these entities. As of September 30, 2015, all mortgage-backed securities including collateralized mortgage obligations were securities of government sponsored enterprises, no private-label mortgage-backed securities or collateralized mortgage obligations were held in the securities portfolio. The Company’s investments in state and political subdivisions securities generally are municipal obligations that are general obligations supported by the general taxing authority of the issuer, and in some cases are insured. The obligations issued by school districts are supported by state aid. Primarily, these investments are issued by municipalities within New York State. The following table shows fair value and gross unrealized losses, aggregated by security category and length of time that individual securities have been in a continuous unrealized loss position, at September 30, 2015. Less Than 12 Months More Than 12 Months Total (In thousands, except number of securities) Fair Value Unrealized Losses Number of Securities Fair Value Unrealized Losses Number of Securities Fair Value Unrealized Losses Number of Securities Securities available-for-sale: Mortgage-backed securities-residential $ - $ - - $ 1,566 $ 12 1 $ 1,566 $ 12 1 Mortgage-backed securities-multi-family 2,023 22 1 731 12 1 2,754 34 2 Asset-backed securities - - - 6 1 1 6 1 1 Corporate debt securities 273 1 1 491 10 2 764 11 3 Total securities available-for-sale 2,296 23 2 2,794 35 5 5,090 58 7 Securities held-to-maturity: U.S. government sponsored enterprises - - - 1,974 26 1 1,974 26 1 State and political subdivisions 4,691 36 27 1,118 22 6 5,809 58 33 Mortgage-backed securities-multi-family 11,540 98 4 28,283 451 6 39,823 549 10 Other securities 340 5 2 205 3 3 545 8 5 Total securities held-to-maturity 16,571 139 33 31,580 502 16 48,151 641 49 Total securities $ 18,867 $ 162 35 $ 34,374 $ 537 21 $ 53,241 $ 699 56 The following table shows fair value and gross unrealized losses, aggregated by security category and length of time that individual securities have been in a continuous unrealized loss position, at June 30, 2015. Less Than 12 Months More Than 12 Months Total (In thousands, except number of securities) Fair Value Unrealized Losses Number of Securities Fair Value Unrealized Losses Number of Securities Fair Value Unrealized Losses Number of Securities Securities available-for-sale: State and political subdivisions $ 799 $ 1 1 $ - $ - $ 799 $ 1 1 Mortgage-backed securities-residential - - - 1,630 10 1 1,630 10 1 Mortgage-backed securities-multi-family 2,023 26 1 753 16 1 2,776 42 2 Asset-backed securities - - - 9 1 1 9 1 1 Corporate debt securities 273 2 1 491 10 2 764 12 3 Total securities available-for-sale 3,095 29 3 2,883 37 5 5,978 66 8 Securities held-to-maturity: U.S. government sponsored enterprises - - - 1,951 49 1 1,951 49 1 State and political subdivisions 11,171 143 49 1,221 44 9 12,392 187 58 Mortgage-backed securities-multi-family 14,464 100 4 28,187 565 6 42,651 665 10 Other securities 334 11 1 202 7 1 536 18 2 Total securities held-to-maturity 25,969 254 54 31,561 665 17 57,530 919 71 Total securities $ 29,064 $ 283 57 $ 34,444 $ 702 22 $ 63,508 $ 985 79 When the fair value of a held-to-maturity or available-for-sale security is less than its amortized cost basis, an assessment is made as to whether other-than-temporary impairment (“OTTI”) is present. The Company considers numerous factors when determining whether a potential OTTI exists and the period over which the debt security is expected to recover. The principal factors considered are (1) the length of time and the extent to which the fair value has been less than the amortized cost basis, (2) the financial condition of the issuer (and guarantor, if any) and adverse conditions specifically related to the security, industry or geographic area, (3) failure of the issuer of the security to make scheduled interest or principal payments, (4) any changes to the rating of the security by a rating agency, and (5) the presence of credit enhancements, if any, including the guarantee of the federal government or any of its agencies. For debt securities, OTTI is considered to have occurred if (1) the Company intends to sell the security, (2) it is more likely than not the Company will be required to sell the security before recovery of its amortized cost basis, or (3) if the present value of expected cash flows is not sufficient to recover the entire amortized cost basis. In determining the present value of expected cash flows, the Company discounts the expected cash flows at the effective interest rate implicit in the security at the date of acquisition. In estimating cash flows expected to be collected, the Company uses available information with respect to security prepayment speeds, default rates and severity. In determining whether OTTI has occurred for equity securities, the Company considers the applicable factors described above and the intent and ability of the Company to retain its investment in the issuer for a period of time sufficient to allow for any anticipated recovery in fair value. For debt securities, credit-related OTTI is recognized in income while noncredit related OTTI on securities not expected to be sold is recognized in other comprehensive income (“OCI”). Credit-related OTTI is measured as the difference between the present value of an impaired security’s expected cash flows and its amortized cost basis. Noncredit-related OTTI is measured as the difference between the fair value of the security and its amortized cost less any credit-related losses recognized. For securities classified as held-to-maturity, the amount of OTTI recognized in OCI is accreted to the credit-adjusted expected cash flow amounts of the securities over future periods. For equity securities, the entire amount of OTTI is recognized in income. Management evaluated securities considering the factors as outlined above, and based on this evaluation the Company does not consider these investments to be other-than-temporarily impaired at September 30, 2015. Management believes that the reasons for the decline in fair value are due to interest rates and widening credit spreads at the end of the quarter. During the quarters ended September 30, 2015 and 2014, there were no sales of securities and no gains or losses were recognized. There was no other-than-temporary impairment loss recognized during the quarters ended September 30, 2015 and 2014. The estimated fair values of debt securities at September 30, 2015, by contractual maturity are shown below. Expected maturities may differ from contractual maturities, because issuers may have the right to call or prepay obligations with or without call or prepayment penalties. (In thousands) Available-for-sale debt securities Amortized Cost Fair Value Within one year $ 53,508 $ 53,522 After one year through five years 9,442 9,902 After five years through ten years - - After ten years - - Total available-for-sale debt securities 62,950 63,424 Mortgage-backed and asset-backed securities 31,542 32,194 Equity securities 62 139 Total available-for-sale securities 94,554 95,757 Held-to-maturity debt securities Within one year 12,893 13,125 After one year through five years 48,370 49,779 After five years through ten years 21,743 22,606 After ten years 8,245 8,912 Total held-to-maturity debt securities 91,251 94,422 Mortgage-backed 83,309 84,538 Total held-to-maturity securities 174,560 178,960 Total securities $ 269,114 $ 274,717 As of September 30, 2015 and June 30, 2015, respectively, securities with an aggregate fair value of $242.8 Federal Home Loan Bank Stock Federal law requires a member institution of the Federal Home Loan Bank (“FHLB”) system to hold stock of its district FHLB according to a predetermined formula. This stock is restricted in that it can only be sold to the FHLB or to another member institution, and all sales of FHLB stock must be at par. As a result of these restrictions, FHLB stock is carried at cost. FHLB stock is held as a long-term investment and its value is determined based on the ultimate recoverability of the par value. Impairment of this investment is evaluated quarterly and is a matter of judgment that reflects management’s view of the FHLB’s long-term performance, which includes factors such as the following: its operating performance; the severity and duration of declines in the fair value of its net assets related to its capital stock amount; its commitment to make payments required by law or regulation and the level of such payments in relation to its operating performance; the impact of legislative and regulatory changes on the FHLB, and accordingly, on the members of the FHLB; and its liquidity and funding position. After evaluating these considerations, Greene County Bancorp, Inc. concluded that the par value of its investment in FHLB stock will be recovered and, therefore, no other-than-temporary impairment charge was recorded during the fiscal quarters ended September 30, 2015 or 2014.

Loans and Allowance for Loan Lo

Loans and Allowance for Loan Losses	3 Months Ended
	Sep. 30, 2015
Loans and Allowance for Loan Losses [Abstract]
Loans and Allowance for Loan Losses	(5) Loans and Allowance for Loan Losses Loan segments and classes at September 30, 2015 and June 30, 2015 are summarized as follows: (In thousands) September 30, 2015 June 30, 2015 Residential real estate: Residential real estate $ 228,993 $ 226,648 Residential construction and land 4,564 3,621 Multi-family 4,374 4,287 Commercial real estate: Commercial real estate 154,067 142,323 Commercial construction 6,269 8,936 Consumer loan: Home equity 21,389 21,019 Consumer installment 4,083 4,123 Commercial loans 44,280 39,798 Total gross loans 468,019 450,755 Allowance for loan losses (8,466 ) (8,142 ) Deferred fees and costs 905 883 Loans receivable, net $ 460,458 $ 443,496 Management closely monitors the quality of the loan portfolio and has established a loan review process designed to help grade the quality and profitability of the Company’s loan portfolio. The credit quality grade helps management make a consistent assessment of each loan relationship’s credit risk. Consistent with regulatory guidelines, The Bank of Greene County provides for the classification of loans considered being of lesser quality. Such ratings coincide with the “Substandard,” “Doubtful” and “Loss” classifications used by federal regulators in their examination of financial institutions. Generally, an asset is considered Substandard if it is inadequately protected by the current net worth and paying capacity of the obligors and/or the collateral pledged. Substandard assets include those characterized by the distinct possibility that the insured financial institution will sustain some loss if the deficiencies are not corrected. Assets classified as Doubtful have all the weaknesses inherent in assets classified Substandard with the added characteristic that the weaknesses present make collection or liquidation in full, on the basis of currently existing facts, highly questionable and improbable. Assets classified as Loss are those considered uncollectible and of such little value that their continuance as assets without the establishment of a full loss reserve and/or charge-off is not warranted. Assets that do not currently expose the Company to sufficient risk to warrant classification in one of the aforementioned categories but otherwise possess weaknesses are designated “Special Mention.” Management also maintains a listing of loans designated “Watch.” These loans represent borrowers with declining earnings, strained cash flow, increasing leverage and/or weakening market fundamentals that indicate above average risk. When The Bank of Greene County classifies problem assets as either Substandard or Doubtful, it generally establishes a specific valuation allowance or “loss reserve” in an amount deemed prudent by management. General allowances represent loss allowances that have been established to recognize the inherent risk associated with lending activities, but which, unlike specific allowances, have not been allocated to particular loans. When The Bank of Greene County identifies problem loans as being impaired, it is required to evaluate whether the Bank will be able to collect all amounts due either through repayments or the liquidation of the underlying collateral. If it is determined that impairment exists, the Bank is required either to establish a specific allowance for losses equal to the amount of impairment of the assets, or to charge-off such amount. The Bank of Greene County’s determination as to the classification of its loans and the amount of its valuation allowance is subject to review by its regulatory agencies, which can order the establishment of additional general or specific loss allowances. The Bank of Greene County reviews its portfolio monthly to determine whether any assets require classification in accordance with applicable regulations. The Bank primarily has four segments within its loan portfolio that it considers when measuring credit quality: residential real estate loans, commercial real estate loans, consumer loans and commercial loans. The residential real estate portfolio consists of residential, construction, and multifamily loan classes. Commercial real estate loans consist of commercial real estate and commercial construction loan classes. Consumer loans consist of home equity loan and consumer installment loan classes. The inherent risk within the loan portfolio varies depending upon each of these loan types. The Bank of Greene County’s primary lending activity is the origination of residential mortgage loans, including home equity loans, which are collateralized by residences. Generally, residential mortgage loans are made in amounts up to 89.9% of the appraised value of the property. However, The Bank of Greene County will originate residential mortgage loans with loan-to-value ratios of up to 95.0%, with private mortgage insurance. In the event of default by the borrower, The Bank of Greene County will acquire and liquidate the underlying collateral. By originating the loan at a loan-to-value ratio of 89.9% or less or obtaining private mortgage insurance, The Bank of Greene County limits its risk of loss in the event of default. However, the market values of the collateral may be adversely impacted by declines in the economy. Home equity loans may have an additional inherent risk if The Bank of Greene County does not hold the first mortgage. The Bank of Greene County may stand in a secondary position in the event of collateral liquidation resulting in a greater chance of insufficiency to meet all obligations. Construction lending generally involves a greater degree of risk than other residential mortgage lending. The repayment of the construction loan is, to a great degree, dependent upon the successful and timely completion of the construction of the subject property within specified cost limits. The Bank of Greene County completes inspections during the construction phase prior to any disbursements. The Bank of Greene County limits its risk during the construction as disbursements are not made until the required work for each advance has been completed. Construction delays may further impair the borrower’s ability to repay the loan. Loans collateralized by commercial real estate, and multi-family dwellings, such as apartment buildings generally are larger than residential loans and involve a greater degree of risk. Commercial real estate loans often involve large loan balances to single borrowers or groups of related borrowers. Payments on these loans depend to a large degree on the results of operations and management of the properties or underlying businesses, and may be affected to a greater extent by adverse conditions in the real estate market or the economy in general. Accordingly, the nature of commercial real estate loans makes them more difficult for management to monitor and evaluate. Consumer loans generally have shorter terms and higher interest rates than residential mortgage loans. In addition, consumer loans expand the products and services offered by The Bank of Greene County to better meet the financial services needs of its customers. Consumer loans generally involve greater credit risk than residential mortgage loans because of the difference in the nature of the underlying collateral. Repossessed collateral for a defaulted consumer loan may not provide an adequate source of repayment of the outstanding loan balance because of the greater likelihood of damage, loss or depreciation in the underlying collateral. The remaining deficiency often does not warrant further substantial collection efforts against the borrower beyond obtaining a deficiency judgment. In addition, consumer loan collections depend on the borrower’s personal financial stability. Furthermore, the application of various federal and state laws, including federal and state bankruptcy and insolvency laws, may limit the amount that can be recovered on such loans. Commercial lending generally involves greater risk than residential mortgage lending and involves risks that are different from those associated with residential and commercial real estate mortgage lending. Real estate lending is generally considered to be collateral-based, with loan amounts based on fixed loan-to-collateral values, and liquidation of the underlying real estate collateral is viewed as the primary source of repayment in the event of borrower default. Although commercial loans may be collateralized by equipment or other business assets, the liquidation of collateral in the event of a borrower default is often an insufficient source of repayment because equipment and other business assets may be obsolete or of limited use, among other things. Accordingly, the repayment of a commercial loan depends primarily on the creditworthiness of the borrower (and any guarantors), while liquidation of collateral is a secondary and often insufficient source of repayment. Loan balances by internal credit quality indicator as of September 30, 2015 are shown below. ( In thousands Performing Watch Special Mention Substandard Total Residential real estate $ 226,798 $ 422 $ 96 $ 1,677 $ 228,993 Residential construction and land 4,564 - - - 4,564 Multi-family 4,270 - - 104 4,374 Commercial real estate 150,926 459 543 2,139 154,067 Commercial construction 6,269 - - - 6,269 Home equity 21,129 - 15 245 21,389 Consumer installment 4,078 - - 5 4,083 Commercial loans 42,932 - 831 517 44,280 Total gross loans $ 460,966 $ 881 $ 1,485 $ 4,687 $ 468,019 Loan balances by internal credit quality indicator as of June 30, 2015 are shown below. (In thousands Performing Watch Special Mention Substandard Total Residential real estate $ 224,195 $ 638 $ 97 $ 1,718 $ 226,648 Residential construction and land 3,621 - - - 3,621 Multi-family 4,182 - - 105 4,287 Commercial real estate 138,468 - 986 2,869 142,323 Commercial construction 8,936 - - - 8,936 Home equity 20,731 - 15 273 21,019 Consumer installment 4,117 6 - - 4,123 Commercial loans 38,334 - 844 620 39,798 Total gross loans $ 442,584 $ 644 $ 1,942 $ 5,585 $ 450,755 The Company had no loans classified Doubtful or Loss at September 30, 2015 or June 30, 2015. Nonaccrual Loans Management places loans on nonaccrual status once the loans have become 90 days or more delinquent. A nonaccrual loan is defined as a loan in which collectability is questionable and therefore interest on the loan will no longer be recognized on an accrual basis. A loan is not placed back on accrual status until the borrower has demonstrated the ability and willingness to make timely payments on the loan. A loan does not have to be 90 days delinquent in order to be classified as nonaccrual. Nonaccrual loans consisted primarily of loans secured by real estate at September 30, 2015 and June 30, 2015. Loans on nonaccrual status totaled $4.2 million at September 30, 2015, of which $654,000 were in the process of foreclosure. Included in nonaccrual loans were $2.3 million of loans which were less than 90 days past due at September 30, 2015, but have a recent history of delinquency greater than 90 days past due. These loans will be returned to accrual status once they have demonstrated a history of timely payments. Included in total loans past due were $250,000 of loans which were making payments pursuant to forbearance agreements. Under the forbearance agreements, the customers have made arrangements with the Bank to bring the loans current over a specified period of time (resulting in an insignificant delay in repayment). During this term of the forbearance agreement, the Bank has agreed not to continue foreclosure proceedings. Loans on nonaccrual status totaled $4.6 million at June 30, 2015 of which $1.2 million were in the process of foreclosure. Included in nonaccrual loans were $2.6 million of loans which were less than 90 days past due at June 30, 2015, but have a recent history of delinquency greater than 90 days past due. The following table sets forth information regarding delinquent and/or nonaccrual loans as of September 30, 2015: (In thousands) 30-59 days past due 60-89 days past due 90 days or more past due Total past due Current Total Loans Loans on Non- accrual Residential real estate $ 1,592 $ 114 $ 713 $ 2,419 $ 226,574 $ 228,993 $ 913 Residential construction and land - - - - 4,564 4,564 - Multi-family - - - - 4,374 4,374 - Commercial real estate 250 1 1,168 1,419 152,648 154,067 2,692 Commercial construction - - - - 6,269 6,269 - Home equity 203 15 5 223 21,166 21,389 126 Consumer installment 54 - 1 55 4,028 4,083 5 Commercial loans 99 - 75 174 44,106 44,280 439 Total gross loans $ 2,198 $ 130 $ 1,962 $ 4,290 $ 463,729 $ 468,019 $ 4,175 The following table sets forth information regarding delinquent and/or nonaccrual loans as of June 30, 2015: (In thousands) 30-59 days past due 60-89 days past due 90 days or more past due Total past due Current Total Loans Loans on Non- accrual Residential real estate $ 1,233 $ 329 $ 785 $ 2,347 $ 224,301 $ 226,648 $ 1,087 Residential construction and land 28 - - 28 3,593 3,621 - Multi-family - - - - 4,287 4,287 - Commercial real estate 339 1 1,132 1,472 140,851 142,323 2,964 Commercial construction - - - - 8,936 8,936 - Home equity 244 - 33 277 20,742 21,019 169 Consumer installment 25 6 - 31 4,092 4,123 - Commercial loans - - 175 175 39,623 39,798 388 Total gross loans $ 1,869 $ 336 $ 2,125 $ 4,330 $ 446,425 $ 450,755 $ 4,608 The Bank of Greene County had accruing loans delinquent more than 90 days totaling $82,000 and $84,000 as of September 30, 2015 and June 30, 2015, respectively. The loans delinquent more than 90 days and accruing consist of loans that are well collateralized and the borrowers have demonstrated the ability and willingness to pay. The borrower has made arrangements with the Bank to bring the loan current within a specified time period and has made a series of payments as agreed. The table below details additional information related to nonaccrual loans for the three months ended September 30: (In thousands) 2015 2014 Interest income that would have been recorded if loans had been performing in accordance with original terms $ 101 $ 128 Interest income that was recorded on nonaccrual loans 49 46 Impaired Loan Analysis The Company identifies impaired loans and measures the impairment in accordance with Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) subtopic “ Receivables – Loan Impairment.” The tables below detail additional information on impaired loans at the date or periods indicated: As of September 30, 2015 For the three months ended September 30, 2015 (In thousands) Recorded Investment Unpaid Principal Related Allowance Average Recorded Investment Interest Income Recognized With no related allowance recorded: Residential real estate $ 308 $ 308 $ - $ 349 $ 2 Commercial real estate 1,194 1,401 - 1,199 6 Home equity 127 127 - 134 1 Total impaired loans with no allowance 1,629 1,836 - 1,682 9 With an allowance recorded: Residential real estate 1,397 1,397 264 1,404 14 Commercial real estate 558 558 76 671 6 Commercial loans 92 92 1 92 1 Total impaired loans with allowance 2,047 2,047 341 2,167 21 Total impaired: Residential real estate 1,705 1,705 264 1,753 16 Commercial real estate 1,752 1,959 76 1,870 12 Home equity 127 127 - 134 1 Commercial loans 92 92 1 92 1 Total impaired loans $ 3,676 $ 3,883 $ 341 $ 3,849 $ 30 As of June 30, 2015 For the three months ended September 30, 2014 (In thousands) Recorded Investment Unpaid Principal Related Allowance Average Recorded Investment Interest Income Recognized With no related allowance recorded: Residential real estate $ 432 $ 432 $ - $ 206 $ 3 Commercial real estate 1,206 1,412 - 458 7 Home equity 154 154 - 96 - Commercial loans - - - - - Total impaired loans with no allowance 1,792 1,998 - 760 10 With an allowance recorded: Residential real estate 1,411 1,411 263 2,585 31 Commercial real estate 895 895 187 2,522 42 Home equity - - - 200 - Commercial loans 93 93 1 601 10 Total impaired loans with allowance 2,399 2,399 451 5,908 83 Total impaired loans: Residential real estate 1,843 1,843 263 2,791 34 Commercial real estate 2,101 2,307 187 2,980 49 Home equity 154 154 - 296 - Commercial loans 93 93 1 601 10 Total impaired loans $ 4,191 $ 4,397 $ 451 $ 6,668 $ 93 There were no loans that have been modified as a troubled debt restructuring during the three months ended September 30, 2015 or 2014. There were no loans that had been modified as a troubled debt restructuring during the twelve months prior to June 30, 2015 or 2014 which have subsequently defaulted during the three months ended September 30, 2015 or 2014, respectively. Allowance for Loan Losses The allowance for loan losses is established through a provision for loan losses based on management’s evaluation of the risk inherent in the loan portfolio, the composition of the loan portfolio, specific impaired loans and current economic conditions. Such evaluation, which includes a review of certain identified loans on which full collectability may not be reasonably assured, considers among other matters, the estimated net realizable value or the fair value of the underlying collateral, economic conditions, payment status of the loan, historical loan loss experience and other factors that warrant recognition in providing for the loan loss allowance. In addition, various regulatory agencies, as an integral part of their examination process, periodically review The Bank of Greene County’s allowance for loan losses. Such agencies may require The Bank of Greene County to recognize additions to the allowance based on their judgment about information available to them at the time of their examination. The Bank of Greene County considers smaller balance residential mortgages, home equity loans, commercial loans and installment loans to customers as small, homogeneous loans, which are evaluated for impairment collectively based on historical loss experience. Larger balance residential, commercial mortgage and business loans are viewed individually and considered impaired if it is probable that The Bank of Greene County will not be able to collect scheduled payments of principal and interest when due, according to the contractual terms of the loan agreements. The measurement of impaired loans is generally based on the fair value of the underlying collateral. The Bank of Greene County charges loans off against the allowance for credit losses when it becomes evident that a loan cannot be collected within a reasonable amount of time or that it will cost the Bank more than it will receive, and all possible avenues of repayment have been analyzed, including the potential of future cash flow, the value of the underlying collateral, and strength of any guarantors or co-borrowers. Generally, consumer loans and smaller business loans (not secured by real estate) in excess of 90 days are charged-off against the allowance for loan losses, unless equitable arrangements are made. For loans secured by real estate, a charge-off is recorded when it is determined that the collection of all or a portion of a loan may not be collected and the amount of that loss can be reasonably estimated. The following tables set forth the activity and allocation of the allowance for loan losses by loan category during and at the periods indicated. The allowance is allocated to each loan category based on historical loss experience and economic conditions. Activity for the three months ended September 30, 2015 (In thousands) Balance at June 30, 2015 Charge-offs Recoveries Provision Balance at September 30, 2015 Residential real estate $ 2,454 $ - $ - $ (68 ) $ 2,386 Residential construction and land 50 - - 12 62 Multi-family 40 - - (15 ) 25 Commercial real estate 3,699 14 17 112 3,814 Commercial construction 233 - - (71 ) 162 Home equity 314 - - 5 319 Consumer installment 223 78 25 70 240 Commercial loans 1,129 - - 123 1,252 Unallocated - - - 206 206 Total $ 8,142 $ 92 $ 42 $ 374 $ 8,466 Allowance for Loan Losses Loans Receivable Ending Balance September 30, 2015 Impairment Analysis Ending Balance September 30, 2015 Impairment Analysis (In thousands) Individually Evaluated Collectively Evaluated Individually Evaluated Collectively Evaluated Residential real estate $ 264 $ 2,122 $ 1,705 $ 227,288 Residential construction and land - 62 - 4,564 Multi-family - 25 - 4,374 Commercial real estate 76 3,738 1,752 152,315 Commercial construction - 162 - 6,269 Home equity - 319 127 21,262 Consumer installment - 240 - 4,083 Commercial loans 1 1,251 92 44,188 Unallocated - 206 - - Total $ 341 $ 8,125 $ 3,676 $ 464,343 Activity for the three months ended September 30, 2014 (In thousands) Balance at June 30, 2014 Charge-offs Recoveries Provision Balance at September 30, 2014 Residential real estate $ 2,731 $ 74 $ - $ (10 ) $ 2,647 Residential construction and land 42 - - (1 ) 41 Multi-family 59 - - (14 ) 45 Commercial real estate 2,936 - - 228 3,164 Commercial construction 38 - - 71 109 Home equity 361 - - 15 376 Consumer installment 240 55 19 39 243 Commercial loans 811 - - 20 831 Unallocated 201 - - 63 264 Total $ 7,419 $ 129 $ 19 $ 411 $ 7,720 Allowance for Loan Losses Loans Receivable Ending Balance June 30, 2015 Impairment Analysis Ending Balance June 30, 2015 Impairment Analysis (In thousands) Individually Evaluated Collectively Evaluated Individually Evaluated Collectively Evaluated Residential real estate $ 263 $ 2,191 $ 1,843 $ 224,805 Residential construction and land - 50 - 3,621 Multi-family - 40 - 4,287 Commercial real estate 187 3,512 2,101 140,222 Commercial construction - 233 - 8,936 Home equity - 314 154 20,865 Consumer installment - 223 - 4,123 Commercial loans 1 1,128 93 39,705 Unallocated - - - - Total $ 451 $ 7,691 $ 4,191 $ 446,564

Fair Value Measurements and Fai

Fair Value Measurements and Fair Value of Financial Instruments	3 Months Ended
	Sep. 30, 2015
Fair Value Measurements and Fair Value of Financial Instruments [Abstract]
Fair Value Measurements and Fair Value of Financial Instruments	(6) Fair Value Measurements and Fair Value of Financial Instruments Management uses its best judgment in estimating the fair value of the Company’s financial instruments; however, there are inherent weaknesses in any estimation technique. Therefore, for substantially all financial instruments, the fair value estimates herein are not necessarily indicative of the amounts the Company could have realized in a sale transaction on the dates indicated. The estimated fair value amounts have been measured as of September 30, 2015 and June 30, 2015 and have not been re-evaluated or updated for purposes of these consolidated financial statements subsequent to those respective dates. As such, the estimated fair values of these financial instruments subsequent to the respective reporting dates may be different than the amounts reported at each period-end. The following information should not be interpreted as an estimate of the fair value of the entire Company since a fair value calculation is only provided for a limited portion of the Company’s assets and liabilities. Due to a wide range of valuation techniques and the degree of subjectivity used in making the estimates, comparisons between the Company’s disclosures and those of other companies may not be meaningful. The FASB ASC Topic on “ Fair Value Measurement” Level 1: Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities. Level 2: Quoted prices in markets that are not active, or inputs that are observable either directly or indirectly, for substantially the full term of the asset or liability. Level 3: Prices or valuation techniques that require inputs that are both significant to the fair value measurement and unobservable (i.e., supported with little or no market activity). An asset’s or liability’s level within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement. For assets measured at fair value on a recurring basis, the fair value measurements by level within the fair value hierarchy used are as follows: Fair Value Measurements Using (In thousands) September 30, 2015 Quoted Prices In Active Markets For Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs Assets: U.S. Government sponsored enterprises $ 4,869 $ - $ 4,869 $ - State and political subdivisions 53,820 - 53,820 - Mortgage-backed securities-residential 7,541 - 7,541 - Mortgage-backed securities-multi-family 24,647 - 24,647 - Asset-backed securities 6 6 - - Corporate debt securities 4,735 4,735 - - Equity securities 139 139 - - Securities available-for-sale $ 95,757 $ 4,880 $ 90,877 $ - Fair Value Measurements Using (In thousands) June 30, 2015 Quoted Prices In Active Markets For Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs Assets: U.S. Government sponsored enterprises $ 7,855 $ - $ 7,855 $ - State and political subdivisions 39,582 - 39,582 - Mortgage-backed securities-residential 7,942 - 7,942 - Mortgage-backed securities-multi-family 25,735 - 25,735 - Asset-backed securities 9 9 - - Corporate debt securities 4,774 4,774 - - Equity securities 137 137 - - Securities available-for-sale $ 86,034 $ 4,920 $ 81,114 $ - Certain investments that are actively traded and have quoted market prices have been classified as Level 1 valuations. Other available-for-sale investment securities have been valued by reference to prices for similar securities or through model-based techniques in which all significant inputs are observable and, therefore, such valuations have been classified as Level 2. In addition to disclosures of the fair value of assets on a recurring basis, FASB ASC Topic on “ Fair Value Measurement” Receivables –Loan Impairment” Fair Value Measurements Using (In thousands) Fair Value (Level 1) (Level 2) (Level 3) September 30, 2015 Impaired loans $ 693 $ - $ - $ 693 Foreclosed real estate 836 - - 836 June 30, 2015 Impaired loans $ 922 $ - $ - $ 922 Foreclosed real estate 490 - - 490 The following table presents additional quantitative information about assets measured at fair value on a nonrecurring basis and for which Level 3 inputs were utilized to determine fair value: (Dollars in thousands) Fair Value Valuation Technique Unobservable Input Range Weighted Average September 30, 2015 Impaired Loans $ 693 Appraisal of collateral (1) Appraisal adjustments (2) 0.00%-38.85 % 21.70 % Liquidation expenses (3) 0.00%-7.50 % 3.45 % Foreclosed real estate 836 Appraisal of collateral (1) Appraisal adjustments (2) 25.15%-54.17 % 21.77 % Liquidation expenses (3) 0.42%-11.64 % 8.82 % June 30, 2015 Impaired loans $ 922 Appraisal of collateral (1) Appraisal adjustments (2) 0.00%-38.85 % 22.81 % Liquidation expenses (3) 0.00%-7.50 % 3.91 % Foreclosed real estate 490 Appraisal of collateral (1) Appraisal adjustments (2) 7.41%-54.17 % 24.65 % Liquidation expenses (3) 0.42%-10.86 % 6.40 % (1) Fair value is generally determined through independent third-party appraisals of the underlying collateral, which generally includes various Level 3 inputs which are not observable. (2) Appraisals may be adjusted downwards by management for qualitative factors such as economic conditions. Higher downward adjustments are caused by negative changes to the collateral or conditions in the real estate market, actual offers or sales contracts received or age of the appraisal. (3) Appraisals may be adjusted downwards by management for qualitative factors such as the estimated costs to liquidate the collateral. At September 30, 2015, loans subject to nonrecurring fair value measurement had a recorded investment of $862,000 with related allowances of $169,000. At June 30, 2015, loans subject to nonrecurring fair value measurement had a recorded investment of $1.2 million with related allowances of $277,000. No other financial assets or liabilities were re-measured during the year on a nonrecurring basis. The carrying amounts reported in the statements of financial condition for cash and cash equivalents, accrued interest receivable and accrued interest payable approximate their fair values. Fair values of securities are based on quoted market prices (Level 1), where available, or matrix pricing (Level 2), which is a mathematical technique, used widely in the industry to value debt securities without relying exclusively on quoted market prices for the specific securities but rather by relying on the securities’ relationship to other benchmark quoted prices. The carrying amount of Federal Home Loan Bank stock approximates fair value due to its restricted nature. Fair values for variable rate loans that reprice frequently, with no significant credit risk, are based on carrying value. Fair value for fixed rate loans are estimated using discounted cash flows and interest rates currently being offered for loans with similar terms to borrowers of similar credit quality. Fair values disclosed for demand and savings deposits are equal to carrying amounts at the reporting date. The carrying amounts for variable rate money market deposits approximate fair values at the reporting date. Fair values for fixed rate certificates of deposit are estimated using discounted cash flows and interest rates currently being offered in the market on similar certificates. Fair value for Federal Home Loan Bank long term borrowings are estimated using discounted cash flows and interest rates currently being offered on similar borrowings. The carrying value of short-term Federal Home Loan Bank borrowings approximates its fair value. The fair value of commitments to extend credit is estimated based on an analysis of the interest rates and fees currently charged to enter into similar transactions, considering the remaining terms of the commitments and the credit-worthiness of the potential borrowers. At September 30, 2015 and June 30, 2015, the estimated fair values of these off-balance sheet financial instruments were immaterial, and are therefore excluded from the table below. The carrying amounts and estimated fair value of financial instruments are as follows: (In thousands) September 30, 2015 Fair Value Measurements Using Carrying Amount Fair Value (Level 1) (Level 2) (Level 3) Cash and cash equivalents $ 12,117 $ 12,117 $ 12,117 $ - $ - Long term certificate of deposit 1,230 1,230 1,230 - - Securities available-for-sale 95,757 95,757 4,880 90,877 - Securities held-to-maturity 174,560 178,960 - 178,960 - Federal Home Loan Bank stock 1,832 1,832 - 1,832 - Net loans 460,458 469,418 - - 469,418 Accrued interest receivable 3,185 3,185 - 3,185 - Deposits 664,308 664,495 - 664,495 - Federal Home Loan Bank borrowings 27,000 27,042 - 27,042 - Accrued interest payable 65 65 - 65 - (In thousands) June 30, 2015 Fair Value Measurements Using Carrying Amount Fair Value (Level 1) (Level 2) (Level 3) Cash and cash equivalents $ 15,538 $ 15,538 $ 15,538 $ - $ - Long term certificate of deposit 1,230 1,230 1,230 - - Securities available-for-sale 86,034 86,034 4,920 81,114 - Securities held-to-maturity 169,000 171,976 - 171,976 - Federal Home Loan Bank stock 2,494 2,494 - 2,494 - Net loans 443,496 450,437 - - 450,437 Accrued interest receivable 3,026 3,026 - 3,026 - Deposits 622,717 622,900 - 622,900 - Federal Home Loan Bank borrowings 41,700 41,598 - 41,598 - Accrued interest payable 64 64 - 64 -

Earnings Per Share

Earnings Per Share	3 Months Ended
	Sep. 30, 2015
Earnings Per Share [Abstract]
Earnings Per Share	(7) Earnings Per Share Basic earnings per share is computed by dividing net income by the weighted average number of common shares outstanding during the period. Diluted earnings per share is computed in a manner similar to that of basic earnings per share except that the weighted-average number of common shares outstanding is increased to include the number of incremental common shares that would have been outstanding under the treasury stock method if all potentially dilutive common shares (such as stock options) issued became vested during the period. There were no anti-dilutive securities or contracts outstanding during the quarters ended September 30, 2015 and 2014. Net Income Weighted Average Number Of Shares Outstanding Earnings per Share Three months ended September 30, 2015 $ 2,150,000 Basic 4,223,156 $ 0.51 Effect of dilutive stock options 26,224 (0.00 ) Diluted 4,249,380 $ 0.51 Three months ended September 30, 2014 $ 1,775,000 Basic 4,214,358 $ 0.42 Effect of dilutive stock options 30,967 (0.00 ) Diluted 4,245,325 $ 0.42

Dividends

Dividends	3 Months Ended
	Sep. 30, 2015
Dividends [Abstract]
Dividends	(8) Dividends On July 21, 2015, the Board of Directors declared a cash dividend for the quarter ended June 30, 2015 of $0.185 per share on Greene County Bancorp, Inc.’s common stock. The dividend reflects an annual cash dividend rate of $0.74 per share, compared to an annual cash dividend rate of $0.72 declared during the previous quarter. The dividend was payable to stockholders of record as of August 14, 2015, and was paid on August 31, 2015. The MHC has waived its right to receive dividends declared on its shares of the Company’s common stock for the quarter ended June 30, 2015.

Impact of Recent Accounting Pro

Impact of Recent Accounting Pronouncements	3 Months Ended
	Sep. 30, 2015
Impact of Recent Accounting Pronouncements [Abstract]
Impact of Recent Accounting Pronouncements	(9) Impact of Recent Accounting Pronouncements In January 2014, the Financial Accounting Standards Board (“FASB”) issued an amendment (ASU 2014-04) to its guidance on “Receivables – Troubled Debt Restructurings by Creditors (Subtopic 310-40): Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans upon Foreclosure”. This Update has been issued to clarify when an in substance repossession or foreclosure occurs, that is, when a creditor should be considered to have received physical possession of residential real estate property collateralizing a consumer mortgage loan such that the loan receivable should be derecognized and the real estate property recognized. An entity can elect to adopt the amendments in this Update using either a modified retrospective transition method or a prospective transition method. The amendments in this Update are effective for public business entities for annual periods, and interim periods within those annual periods, beginning after December 15, 2014. Early adoption is permitted. The adoption of these amendments did not have an effect on our consolidated results of operations or financial position. In May 2014, the FASB issued an amendment (ASU 2014-09) to its guidance on “Revenue from Contracts with Customers (Topic 606). The objective of the ASU is to align the recognition of revenue with the transfer of promised goods or services provided to customers in an amount that reflects the consideration which the entity expects to be entitled in exchange for those goods or services. This ASU will replace most existing revenue recognition guidance under GAAP when it becomes effective. In August, 2015, the FASB issued an amendment (ASU 2015-14) which defers the effective date of this new guidance by one year. The amendments in this ASU are effective for public business entities for annual periods, beginning after December 15, 2017. The Company has not yet determined the effect of the standard on its ongoing financial reporting. In August 2014, the FASB issued an amendment (ASU 2014-14) to its guidance on “Receivables – Troubled Debt Restructurings by Creditors (Subtopic 310-40)”. The objective of the ASU is to reduce the diversity in how creditors classify government-guaranteed mortgage loans, including FHA or VA guaranteed loans, upon foreclosure, to provide more decision-useful information about a creditor’s foreclosed mortgage loans that are expected to be recovered, at least in part, through government guarantees. The amendments in this Update are effective for public business entities for annual periods, and interim periods within those annual periods, beginning after December 15, 2017. Public entities would be permitted to elect to early adopt for annual reporting periods beginning after December 15, 2016. The adoption of this guidance is not expected to have a material impact on our consolidated results of operations or financial position. In January 2015, the FASB issued an Update (ASU 2015-01) to its guidance on “Income Statement-Extraordinary and Unusual Items (Subtopic 225-20)”. The objective of the ASU is to simplify the income statement presentation by eliminating the concept of extraordinary items, and will align GAAP more closely with International Accounting Standards which prohibits the presentation and disclosure of extraordinary items. The amendments in this Update are effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2015. The adoption of this guidance is not expected to have a material impact on our consolidated results of operations or financial position. In May 2015, the FASB issued an Update (ASU 2015-09) to its guidance on “Financial Services-Insurance (Topic 944): Disclosures about Short-Duration Contracts”. The objective of the ASU is to improve the transparency of significant estimates made in measuring liabilities related to short-duration insurance contracts, improve comparability by requiring consistent disclosure of information, and provide financial statement users with additional information to facilitate analysis of the amount, timing, and uncertainty of cash flows arising from contracts issued by insurance entities and the development of loss reserve estimates. For public business entities, the amendments in this Update are effective for annual periods beginning after December 15, 2015, and interim periods within annual periods beginning after December 15, 2016. The Company has not yet determined the effect of the standard on its ongoing financial reporting.

Employee Benefit Plans

Employee Benefit Plans	3 Months Ended
	Sep. 30, 2015
Employee Benefit Plans [Abstract]
Employee Benefit Plans	(10) Employee Benefit Plans Defined Benefit Plan The components of net periodic pension cost related to the defined benefit pension plan for the three months ended September 30, 2015 and 2014 were as follows: Three months ended September 30, (In thousands) 2015 2014 Interest cost $ 58 $ 55 Expected return on plan assets (77 ) (81 ) Amortization of net loss 34 26 Net periodic pension cost $ 15 $ - The Company does not anticipate that it will make any additional contributions to the defined benefit pension plan during fiscal 2016. SERP The Board of Directors of The Bank of Greene County adopted The Bank of Greene County Supplemental Executive Retirement Plan (the “SERP Plan”), effective as of July 1, 2010. The SERP Plan benefits certain key senior executives of the Bank who have been selected by the Board to participate. The SERP Plan is intended to provide a benefit from the Bank upon retirement, death or disability or voluntary or involuntary termination of service (other than “for cause”). Accordingly, the SERP Plan obligates the Bank to make an allocation to each executive’s account on the first business day of each July and permits each executive to defer up to 50% of his or her base salary and 100% of his or her annual bonus to the SERP Plan, subject to the requirements of Section 409A of the Internal Revenue Code (“Code”). In addition, the Bank may, but is not required to, make additional discretionary contributions to the executives’ accounts from time to time. An executive becomes vested in the Bank’s contributions after 10 calendar years of service following the effective date of the SERP Plan, and is fully vested immediately for all deferral of salary and bonus. However, the Executive will vest in the present value of his or her account in the event of death, disability or a change in control of the Bank or the Company. In the event the executive is terminated involuntarily or resigns for good reason following a change in control, the present value of all remaining Bank contributions is accelerated and paid to the executive’s account, subject to potential reduction to avoid an excess parachute payment under Code Section 280G. In the event of the executive’s death, disability or termination within two years after a change in control, executive’s account will be paid in a lump sum to the executive or his beneficiary, as applicable. In the event the executive is entitled to a benefit from the SERP Plan due to retirement or other termination of employment, the benefit will be paid in 10 annual installments. The net periodic pension costs related to the SERP Plan for the three months ended September 30, 2015 and 2014 were $58,000 and $48,000, respectively, consisting primarily of service costs and interest costs. The total liability for the SERP Plan was $1.6 million and $1.4 million as of September 30, 2015 and June 30, 2015, respectively.

Stock-Based Compensation

Stock-Based Compensation	3 Months Ended
	Sep. 30, 2015
Stock-Based Compensation [Abstract]
Stock-Based Compensation	(11) Stock-Based Compensation At September 30, 2015, Greene County Bancorp, Inc. had two stock-based compensation plans, which are described more fully in Note 10 of the consolidated financial statements and notes thereto for the year ended June 30, 2015. Stock Option Plan At September 30, 2015 and 2014, all granted shares related to the 2008 Option Plan were fully vested, with no remaining compensation cost to be recognized. A summary of the Company’s stock option activity and related information for its option plan for the three months ended September 30, 2015 and 2014 is as follows: 2015 2014 Shares Weighted Average Exercise Price Per Share Shares Weighted Average Exercise Price Per Share Outstanding at beginning of year 47,835 $ 12.50 59,435 $ 12.50 Exercised (2,100 ) $ 12.50 (3,100 ) $ 12.50 Outstanding at period end 45,735 $ 12.50 56,335 $ 12.50 Exercisable at period end 45,735 $ 12.50 56,335 $ 12.50 The following table presents stock options outstanding and exercisable at September 30, 2015: Options Outstanding and Exercisable Range of Exercise Prices Number Outstanding Weighted Average Remaining Contractual Life Weighted Average Exercise Price $ 12.50 45,735 3.00 $ 12.50 The total intrinsic value of the options exercised during the three months ended September 30, 2015 and 2014, was approximately $33,000 and $44,000, respectively. There were no stock options granted during the three months ended September 30, 2015 or 2014. All outstanding options were fully vested at September 30, 2015 and 2014. Phantom Stock Option Plan and Long-term Incentive Plan The Greene County Bancorp, Inc. 2011 Phantom Stock Option and Long-term Incentive Plan (the “Plan”) was adopted effective July 1, 2011, to promote the long-term financial success of the Company and its subsidiaries by providing a means to attract, retain and reward individuals who contribute to such success and to further align their interests with those of the Company’s shareholders. Effective July 1, 2014, the Plan was amended to increase the number of phantom stock options available for awards from 900,000 to 1,800,000. The Plan is intended to provide benefits to employees and directors of the Company or any subsidiary as designated by the Compensation Committee of the Board of Directors of the Company (“Committee”). A phantom stock option represents the right to receive a cash payment on the date the award vests. The participant receives an amount equal to the positive difference between the strike price on the grant date and the book value of a share of the Company stock on the determination date, which is the last day of the plan year that is the end of the third plan year after the grant date of the award, unless otherwise specified by the Committee. The strike price will be the price established by the Committee, which will not be less than 100% of the book value of a share on a specified date, as determined under generally accepted accounting principles (GAAP) as of the last day of the quarter ending on or immediately preceding the valuation date with adjustments made, in the sole discretion of the Committee, to exclude accumulated other comprehensive income (loss). A summary of the Company’s phantom stock option activity and related information for its option plan for the three months ended September 30, 2015 and 2014 is as follows: 2015 2014 Number of options outstanding at beginning of year 628,754 665,426 Options granted 246,880 241,090 Options paid in cash upon vesting (198,357 ) (227,484 ) Number of options outstanding at period end 677,277 679,032 The Company paid out $710,500 and $757,700 in cash during the three months ended September 30, 2015 and 2014, respectively, on options vested. The Company recognized $180,000

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	3 Months Ended
	Sep. 30, 2015
Accumulated Other Comprehensive Loss [Abstract]
Accumulated Other Comprehensive Loss	(12) Accumulated Other Comprehensive Loss The components of accumulated other comprehensive loss as of September 30, 2015 and June 30, 2015 are presented in the following table: (In thousands) Accumulated other comprehensive (loss) income: September 30, 2015 June 30, 2015 Unrealized gain on available-for-sale securities, net of tax $ 738 $ 704 Unrealized loss on securities transferred to held-to-maturity, net of tax (5 ) (11 ) Net losses and past service liability for defined benefit plan, net of tax (1,491 ) (1,491 ) Accumulated other comprehensive loss $ (758 ) $ (798 )

Subsequent events

Subsequent events	3 Months Ended
	Sep. 30, 2015
Subsequent events [Abstract]
Subsequent events	(13) Subsequent events On October 20, 2015, the Board of Directors declared a cash dividend for the quarter ended September 30, 2015 of $0.185 per share on Greene County Bancorp, Inc.’s common stock. The dividend reflects an annual cash dividend rate of $0.74 per share, which was the same rate as the dividend declared during the previous quarter. The dividend will be payable to stockholders of record as of November 13, 2015, and will be paid on November 30, 2015. The MHC intends to waive its receipt of this dividend.

Basis of Presentation (Policies

Basis of Presentation (Policies)	3 Months Ended
	Sep. 30, 2015
Basis of Presentation [Abstract]
Basis of Presentation	The financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and with the instructions to Form 10-Q and Article 8 of Regulation S-X. Accordingly, they do not include all of the information and notes required by GAAP for complete financial statements. To the extent that information and notes required by GAAP for complete financial statements are contained in or are consistent with the audited financial statements incorporated by reference to Greene County Bancorp, Inc.’s Annual Report on Form 10-K for the year ended June 30, 2015, such information and notes have not been duplicated herein. In the opinion of management, all adjustments (consisting of only normal recurring items) necessary for a fair presentation of the financial position and results of operations and cash flows at and for the periods presented have been included. Amounts in the prior year’s consolidated financial statements have been reclassified whenever necessary to conform to the current year’s presentation. These reclassifications, if any, had no effect on net income or retained earnings as previously reported. All material inter-company accounts and transactions have been eliminated in the consolidation. The results of operations and other data for the three months ended September 30, 2015 are not necessarily indicative of results that may be expected for the entire fiscal year ending June 30, 2016. These consolidated financial statements consider events that occurred through the date the consolidated financial statements were issued.
Allowance for Loan Losses	Greene County Bancorp, Inc.’s critical accounting policies relate to the allowance for loan losses and the evaluation of securities for other-than-temporary impairment. The allowance for loan losses is based on management’s estimation of an amount that is intended to absorb losses in the existing loan portfolio. The allowance for loan losses is established through a provision for loan losses based on management’s evaluation of the risk inherent in the loan portfolio, the composition of the portfolio, specific impaired loans and current economic conditions. Such evaluation, which includes a review of all loans for which full collectibility may not be reasonably assured, considers among other matters, the estimated net realizable value or the fair value of the underlying collateral, economic conditions, historical loan loss experience, management’s estimate of probable credit losses and other factors that warrant recognition in providing for the allowance of loan losses. However, this evaluation involves a high degree of complexity and requires management to make subjective judgments that often require assumptions or estimates about highly uncertain matters. This critical accounting policy and its application are periodically reviewed with the Audit Committee and the Board of Directors.
Securities	Securities are evaluated for other-than-temporary impairment by performing periodic reviews of individual securities in the investment portfolio. Greene County Bancorp, Inc. makes an assessment to determine whether there have been any events or economic circumstances to indicate that a security on which there is an unrealized loss is impaired on an other-than-temporary basis. The Company considers many factors, including the severity and duration of the impairment; the intent and ability of the Company to hold the security for a period of time sufficient for a recovery in value; recent events specific to the issuer or industry; and for debt securities, intent to sell the security, the likelihood to be required to sell the security before it recovers the entire amortized cost, external credit ratings and recent downgrades. The Company is required to record other-than-temporary impairment charges through earnings, if it has the intent to sell, or will more likely than not be required to sell an impaired debt security before a recovery of its amortized cost basis. In addition, the Company is required to record other-than-temporary impairment charges through earnings for the amount of credit losses, regardless of the intent or requirement to sell. Credit loss is measured as the difference between the present value of an impaired debt security’s cash flows and its amortized cost basis. Non-credit related impairment must be recorded as decreases to accumulated other comprehensive income as long as the Company has no intent or requirement to sell an impaired security before a recovery of amortized cost basis.

Use of Estimates (Policies)

Use of Estimates (Policies)	3 Months Ended
	Sep. 30, 2015
Use of Estimates [Abstract]
Use of Estimates	The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could materially differ from those estimates. Material estimates that are particularly susceptible to significant change in the near term relate to the determination of the allowance for loan losses and the assessment of other-than-temporary security impairment. While management uses available information to recognize losses on loans, future additions to the allowance for loan losses (the “Allowance”) may be necessary, based on changes in economic conditions, asset quality or other factors. In addition, various regulatory authorities, as an integral part of their examination process, periodically review the Allowance. Such authorities may require the Company to recognize additions to the Allowance based on their judgments of information available to them at the time of their examination.
Impaired Financing Receivable	Greene County Bancorp, Inc. makes an assessment to determine whether there have been any events or economic circumstances to indicate that a security on which there is an unrealized loss is impaired on an other-than-temporary basis. The Company considers many factors including the severity and duration of the impairment; the intent and ability of the Company to hold the security for a period of time sufficient for a recovery in value; recent events specific to the issuer or industry; and for debt securities, intent to sell the security, whether it is more likely than not we will be required to sell the security before recovery, whether loss of the entire amortized cost is expected, external credit ratings and recent downgrades. Securities on which there is an unrealized loss that is deemed to be other-than-temporary are written down to fair value.

Securities (Policies)

Securities (Policies)	3 Months Ended
	Sep. 30, 2015
Securities [Abstract]
Federal Home Loan Bank Stock	Federal Home Loan Bank Stock Federal law requires a member institution of the Federal Home Loan Bank (“FHLB”) system to hold stock of its district FHLB according to a predetermined formula. This stock is restricted in that it can only be sold to the FHLB or to another member institution, and all sales of FHLB stock must be at par. As a result of these restrictions, FHLB stock is carried at cost. FHLB stock is held as a long-term investment and its value is determined based on the ultimate recoverability of the par value. Impairment of this investment is evaluated quarterly and is a matter of judgment that reflects management’s view of the FHLB’s long-term performance, which includes factors such as the following: its operating performance; the severity and duration of declines in the fair value of its net assets related to its capital stock amount; its commitment to make payments required by law or regulation and the level of such payments in relation to its operating performance; the impact of legislative and regulatory changes on the FHLB, and accordingly, on the members of the FHLB; and its liquidity and funding position. After evaluating these considerations, Greene County Bancorp, Inc. concluded that the par value of its investment in FHLB stock will be recovered and, therefore, no other-than-temporary impairment charge was recorded during the fiscal quarters ended September 30, 2015 or 2014.

Impact of Recent Accounting P25

Impact of Recent Accounting Pronouncements (Policies)	3 Months Ended
	Sep. 30, 2015
Impact of Recent Accounting Pronouncements [Abstract]
Impact of Recent Accounting Pronouncements	In January 2014, the Financial Accounting Standards Board (“FASB”) issued an amendment (ASU 2014-04) to its guidance on “Receivables – Troubled Debt Restructurings by Creditors (Subtopic 310-40): Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans upon Foreclosure”. This Update has been issued to clarify when an in substance repossession or foreclosure occurs, that is, when a creditor should be considered to have received physical possession of residential real estate property collateralizing a consumer mortgage loan such that the loan receivable should be derecognized and the real estate property recognized. An entity can elect to adopt the amendments in this Update using either a modified retrospective transition method or a prospective transition method. The amendments in this Update are effective for public business entities for annual periods, and interim periods within those annual periods, beginning after December 15, 2014. Early adoption is permitted. The adoption of these amendments did not have an effect on our consolidated results of operations or financial position. In May 2014, the FASB issued an amendment (ASU 2014-09) to its guidance on “Revenue from Contracts with Customers (Topic 606). The objective of the ASU is to align the recognition of revenue with the transfer of promised goods or services provided to customers in an amount that reflects the consideration which the entity expects to be entitled in exchange for those goods or services. This ASU will replace most existing revenue recognition guidance under GAAP when it becomes effective. In August, 2015, the FASB issued an amendment (ASU 2015-14) which defers the effective date of this new guidance by one year. The amendments in this ASU are effective for public business entities for annual periods, beginning after December 15, 2017. The Company has not yet determined the effect of the standard on its ongoing financial reporting. In August 2014, the FASB issued an amendment (ASU 2014-14) to its guidance on “Receivables – Troubled Debt Restructurings by Creditors (Subtopic 310-40)”. The objective of the ASU is to reduce the diversity in how creditors classify government-guaranteed mortgage loans, including FHA or VA guaranteed loans, upon foreclosure, to provide more decision-useful information about a creditor’s foreclosed mortgage loans that are expected to be recovered, at least in part, through government guarantees. The amendments in this Update are effective for public business entities for annual periods, and interim periods within those annual periods, beginning after December 15, 2017. Public entities would be permitted to elect to early adopt for annual reporting periods beginning after December 15, 2016. The adoption of this guidance is not expected to have a material impact on our consolidated results of operations or financial position. In January 2015, the FASB issued an Update (ASU 2015-01) to its guidance on “Income Statement-Extraordinary and Unusual Items (Subtopic 225-20)”. The objective of the ASU is to simplify the income statement presentation by eliminating the concept of extraordinary items, and will align GAAP more closely with International Accounting Standards which prohibits the presentation and disclosure of extraordinary items. The amendments in this Update are effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2015. The adoption of this guidance is not expected to have a material impact on our consolidated results of operations or financial position. In May 2015, the FASB issued an Update (ASU 2015-09) to its guidance on “Financial Services-Insurance (Topic 944): Disclosures about Short-Duration Contracts”. The objective of the ASU is to improve the transparency of significant estimates made in measuring liabilities related to short-duration insurance contracts, improve comparability by requiring consistent disclosure of information, and provide financial statement users with additional information to facilitate analysis of the amount, timing, and uncertainty of cash flows arising from contracts issued by insurance entities and the development of loss reserve estimates. For public business entities, the amendments in this Update are effective for annual periods beginning after December 15, 2015, and interim periods within annual periods beginning after December 15, 2016. The Company has not yet determined the effect of the standard on its ongoing financial reporting.

Securities (Tables)

Securities (Tables)	3 Months Ended
	Sep. 30, 2015
Securities [Abstract]
Unrealized Gain (Loss) on Investments	Securities at September 30, 2015 consisted of the following: (In thousands) Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value Securities available-for-sale: U.S. government sponsored enterprises $ 4,602 $ 267 $ - $ 4,869 State and political subdivisions 53,807 13 - 53,820 Mortgage-backed securities-residential 7,407 146 12 7,541 Mortgage-backed securities-multi-family 24,128 553 34 24,647 Asset-backed securities 7 - 1 6 Corporate debt securities 4,541 205 11 4,735 Total debt securities 94,492 1,184 58 95,618 Equity securities 62 77 - 139 Total securities available-for-sale 94,554 1,261 58 95,757 Securities held-to-maturity: U.S. government sponsored enterprises 2,000 - 26 1,974 State and political subdivisions 87,527 3,259 58 90,728 Mortgage-backed securities-residential 15,806 725 - 16,531 Mortgage-backed securities-multi-family 67,503 1,053 549 68,007 Other securities 1,724 4 8 1,720 Total securities held-to-maturity 174,560 5,041 641 178,960 Total securities $ 269,114 $ 6,302 $ 699 $ 274,717 Securities at June 30, 2015 consisted of the following: (In thousands) Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value Securities available-for-sale: U.S. government sponsored enterprises $ 7,608 $ 247 $ - $ 7,855 State and political subdivisions 39,574 9 1 39,582 Mortgage-backed securities-residential 7,797 155 10 7,942 Mortgage-backed securities-multi-family 25,291 486 42 25,735 Asset-backed securities 10 - 1 9 Corporate debt securities 4,544 242 12 4,774 Total debt securities 84,824 1,139 66 85,897 Equity securities 62 75 - 137 Total securities available-for-sale 84,886 1,214 66 86,034 Securities held-to-maturity: U.S. government sponsored enterprises 2,000 - 49 1,951 State and political subdivisions 81,501 2,137 187 83,451 Mortgage-backed securities-residential 17,468 768 - 18,236 Mortgage-backed securities-multi-family 67,239 990 665 67,564 Other securities 792 - 18 774 Total securities held-to-maturity 169,000 3,895 919 171,976 Total securities $ 253,886 $ 5,109 $ 985 $ 258,010
Continuous Unrealized Loss Position, Fair Value	The following table shows fair value and gross unrealized losses, aggregated by security category and length of time that individual securities have been in a continuous unrealized loss position, at September 30, 2015. Less Than 12 Months More Than 12 Months Total (In thousands, except number of securities) Fair Value Unrealized Losses Number of Securities Fair Value Unrealized Losses Number of Securities Fair Value Unrealized Losses Number of Securities Securities available-for-sale: Mortgage-backed securities-residential $ - $ - - $ 1,566 $ 12 1 $ 1,566 $ 12 1 Mortgage-backed securities-multi-family 2,023 22 1 731 12 1 2,754 34 2 Asset-backed securities - - - 6 1 1 6 1 1 Corporate debt securities 273 1 1 491 10 2 764 11 3 Total securities available-for-sale 2,296 23 2 2,794 35 5 5,090 58 7 Securities held-to-maturity: U.S. government sponsored enterprises - - - 1,974 26 1 1,974 26 1 State and political subdivisions 4,691 36 27 1,118 22 6 5,809 58 33 Mortgage-backed securities-multi-family 11,540 98 4 28,283 451 6 39,823 549 10 Other securities 340 5 2 205 3 3 545 8 5 Total securities held-to-maturity 16,571 139 33 31,580 502 16 48,151 641 49 Total securities $ 18,867 $ 162 35 $ 34,374 $ 537 21 $ 53,241 $ 699 56 The following table shows fair value and gross unrealized losses, aggregated by security category and length of time that individual securities have been in a continuous unrealized loss position, at June 30, 2015. Less Than 12 Months More Than 12 Months Total (In thousands, except number of securities) Fair Value Unrealized Losses Number of Securities Fair Value Unrealized Losses Number of Securities Fair Value Unrealized Losses Number of Securities Securities available-for-sale: State and political subdivisions $ 799 $ 1 1 $ - $ - $ 799 $ 1 1 Mortgage-backed securities-residential - - - 1,630 10 1 1,630 10 1 Mortgage-backed securities-multi-family 2,023 26 1 753 16 1 2,776 42 2 Asset-backed securities - - - 9 1 1 9 1 1 Corporate debt securities 273 2 1 491 10 2 764 12 3 Total securities available-for-sale 3,095 29 3 2,883 37 5 5,978 66 8 Securities held-to-maturity: U.S. government sponsored enterprises - - - 1,951 49 1 1,951 49 1 State and political subdivisions 11,171 143 49 1,221 44 9 12,392 187 58 Mortgage-backed securities-multi-family 14,464 100 4 28,187 565 6 42,651 665 10 Other securities 334 11 1 202 7 1 536 18 2 Total securities held-to-maturity 25,969 254 54 31,561 665 17 57,530 919 71 Total securities $ 29,064 $ 283 57 $ 34,444 $ 702 22 $ 63,508 $ 985 79
Investments Classified by Contractual Maturity Date	The estimated fair values of debt securities at September 30, 2015, by contractual maturity are shown below. Expected maturities may differ from contractual maturities, because issuers may have the right to call or prepay obligations with or without call or prepayment penalties. (In thousands) Available-for-sale debt securities Amortized Cost Fair Value Within one year $ 53,508 $ 53,522 After one year through five years 9,442 9,902 After five years through ten years - - After ten years - - Total available-for-sale debt securities 62,950 63,424 Mortgage-backed and asset-backed securities 31,542 32,194 Equity securities 62 139 Total available-for-sale securities 94,554 95,757 Held-to-maturity debt securities Within one year 12,893 13,125 After one year through five years 48,370 49,779 After five years through ten years 21,743 22,606 After ten years 8,245 8,912 Total held-to-maturity debt securities 91,251 94,422 Mortgage-backed 83,309 84,538 Total held-to-maturity securities 174,560 178,960 Total securities $ 269,114 $ 274,717

Loans and Allowance for Loan 27

Loans and Allowance for Loan Losses (Tables)	3 Months Ended
	Sep. 30, 2015
Loans and Allowance for Loan Losses [Abstract]
Major Loan Segments and Classes	Loan segments and classes at September 30, 2015 and June 30, 2015 are summarized as follows: (In thousands) September 30, 2015 June 30, 2015 Residential real estate: Residential real estate $ 228,993 $ 226,648 Residential construction and land 4,564 3,621 Multi-family 4,374 4,287 Commercial real estate: Commercial real estate 154,067 142,323 Commercial construction 6,269 8,936 Consumer loan: Home equity 21,389 21,019 Consumer installment 4,083 4,123 Commercial loans 44,280 39,798 Total gross loans 468,019 450,755 Allowance for loan losses (8,466 ) (8,142 ) Deferred fees and costs 905 883 Loans receivable, net $ 460,458 $ 443,496
Loan Balances by Internal Credit Quality Indicator	Loan balances by internal credit quality indicator as of September 30, 2015 are shown below. ( In thousands Performing Watch Special Mention Substandard Total Residential real estate $ 226,798 $ 422 $ 96 $ 1,677 $ 228,993 Residential construction and land 4,564 - - - 4,564 Multi-family 4,270 - - 104 4,374 Commercial real estate 150,926 459 543 2,139 154,067 Commercial construction 6,269 - - - 6,269 Home equity 21,129 - 15 245 21,389 Consumer installment 4,078 - - 5 4,083 Commercial loans 42,932 - 831 517 44,280 Total gross loans $ 460,966 $ 881 $ 1,485 $ 4,687 $ 468,019 Loan balances by internal credit quality indicator as of June 30, 2015 are shown below. (In thousands Performing Watch Special Mention Substandard Total Residential real estate $ 224,195 $ 638 $ 97 $ 1,718 $ 226,648 Residential construction and land 3,621 - - - 3,621 Multi-family 4,182 - - 105 4,287 Commercial real estate 138,468 - 986 2,869 142,323 Commercial construction 8,936 - - - 8,936 Home equity 20,731 - 15 273 21,019 Consumer installment 4,117 6 - - 4,123 Commercial loans 38,334 - 844 620 39,798 Total gross loans $ 442,584 $ 644 $ 1,942 $ 5,585 $ 450,755
Delinquent and Nonaccrual Loans by Past Due Status	The following table sets forth information regarding delinquent and/or nonaccrual loans as of September 30, 2015: (In thousands) 30-59 days past due 60-89 days past due 90 days or more past due Total past due Current Total Loans Loans on Non- accrual Residential real estate $ 1,592 $ 114 $ 713 $ 2,419 $ 226,574 $ 228,993 $ 913 Residential construction and land - - - - 4,564 4,564 - Multi-family - - - - 4,374 4,374 - Commercial real estate 250 1 1,168 1,419 152,648 154,067 2,692 Commercial construction - - - - 6,269 6,269 - Home equity 203 15 5 223 21,166 21,389 126 Consumer installment 54 - 1 55 4,028 4,083 5 Commercial loans 99 - 75 174 44,106 44,280 439 Total gross loans $ 2,198 $ 130 $ 1,962 $ 4,290 $ 463,729 $ 468,019 $ 4,175 The following table sets forth information regarding delinquent and/or nonaccrual loans as of June 30, 2015: (In thousands) 30-59 days past due 60-89 days past due 90 days or more past due Total past due Current Total Loans Loans on Non- accrual Residential real estate $ 1,233 $ 329 $ 785 $ 2,347 $ 224,301 $ 226,648 $ 1,087 Residential construction and land 28 - - 28 3,593 3,621 - Multi-family - - - - 4,287 4,287 - Commercial real estate 339 1 1,132 1,472 140,851 142,323 2,964 Commercial construction - - - - 8,936 8,936 - Home equity 244 - 33 277 20,742 21,019 169 Consumer installment 25 6 - 31 4,092 4,123 - Commercial loans - - 175 175 39,623 39,798 388 Total gross loans $ 1,869 $ 336 $ 2,125 $ 4,330 $ 446,425 $ 450,755 $ 4,608
Nonaccrual Loans, Interest Income Data	The table below details additional information related to nonaccrual loans for the three months ended September 30: (In thousands) 2015 2014 Interest income that would have been recorded if loans had been performing in accordance with original terms $ 101 $ 128 Interest income that was recorded on nonaccrual loans 49 46
Impaired Loans by Loan Portfolio Class	The tables below detail additional information on impaired loans at the date or periods indicated: As of September 30, 2015 For the three months ended September 30, 2015 (In thousands) Recorded Investment Unpaid Principal Related Allowance Average Recorded Investment Interest Income Recognized With no related allowance recorded: Residential real estate $ 308 $ 308 $ - $ 349 $ 2 Commercial real estate 1,194 1,401 - 1,199 6 Home equity 127 127 - 134 1 Total impaired loans with no allowance 1,629 1,836 - 1,682 9 With an allowance recorded: Residential real estate 1,397 1,397 264 1,404 14 Commercial real estate 558 558 76 671 6 Commercial loans 92 92 1 92 1 Total impaired loans with allowance 2,047 2,047 341 2,167 21 Total impaired: Residential real estate 1,705 1,705 264 1,753 16 Commercial real estate 1,752 1,959 76 1,870 12 Home equity 127 127 - 134 1 Commercial loans 92 92 1 92 1 Total impaired loans $ 3,676 $ 3,883 $ 341 $ 3,849 $ 30 As of June 30, 2015 For the three months ended September 30, 2014 (In thousands) Recorded Investment Unpaid Principal Related Allowance Average Recorded Investment Interest Income Recognized With no related allowance recorded: Residential real estate $ 432 $ 432 $ - $ 206 $ 3 Commercial real estate 1,206 1,412 - 458 7 Home equity 154 154 - 96 - Commercial loans - - - - - Total impaired loans with no allowance 1,792 1,998 - 760 10 With an allowance recorded: Residential real estate 1,411 1,411 263 2,585 31 Commercial real estate 895 895 187 2,522 42 Home equity - - - 200 - Commercial loans 93 93 1 601 10 Total impaired loans with allowance 2,399 2,399 451 5,908 83 Total impaired loans: Residential real estate 1,843 1,843 263 2,791 34 Commercial real estate 2,101 2,307 187 2,980 49 Home equity 154 154 - 296 - Commercial loans 93 93 1 601 10 Total impaired loans $ 4,191 $ 4,397 $ 451 $ 6,668 $ 93
Activity and Allocation of Allowance for Loan Losses	The following tables set forth the activity and allocation of the allowance for loan losses by loan category during and at the periods indicated. The allowance is allocated to each loan category based on historical loss experience and economic conditions. Activity for the three months ended September 30, 2015 (In thousands) Balance at June 30, 2015 Charge-offs Recoveries Provision Balance at September 30, 2015 Residential real estate $ 2,454 $ - $ - $ (68 ) $ 2,386 Residential construction and land 50 - - 12 62 Multi-family 40 - - (15 ) 25 Commercial real estate 3,699 14 17 112 3,814 Commercial construction 233 - - (71 ) 162 Home equity 314 - - 5 319 Consumer installment 223 78 25 70 240 Commercial loans 1,129 - - 123 1,252 Unallocated - - - 206 206 Total $ 8,142 $ 92 $ 42 $ 374 $ 8,466 Allowance for Loan Losses Loans Receivable Ending Balance September 30, 2015 Impairment Analysis Ending Balance September 30, 2015 Impairment Analysis (In thousands) Individually Evaluated Collectively Evaluated Individually Evaluated Collectively Evaluated Residential real estate $ 264 $ 2,122 $ 1,705 $ 227,288 Residential construction and land - 62 - 4,564 Multi-family - 25 - 4,374 Commercial real estate 76 3,738 1,752 152,315 Commercial construction - 162 - 6,269 Home equity - 319 127 21,262 Consumer installment - 240 - 4,083 Commercial loans 1 1,251 92 44,188 Unallocated - 206 - - Total $ 341 $ 8,125 $ 3,676 $ 464,343 Activity for the three months ended September 30, 2014 (In thousands) Balance at June 30, 2014 Charge-offs Recoveries Provision Balance at September 30, 2014 Residential real estate $ 2,731 $ 74 $ - $ (10 ) $ 2,647 Residential construction and land 42 - - (1 ) 41 Multi-family 59 - - (14 ) 45 Commercial real estate 2,936 - - 228 3,164 Commercial construction 38 - - 71 109 Home equity 361 - - 15 376 Consumer installment 240 55 19 39 243 Commercial loans 811 - - 20 831 Unallocated 201 - - 63 264 Total $ 7,419 $ 129 $ 19 $ 411 $ 7,720 Allowance for Loan Losses Loans Receivable Ending Balance June 30, 2015 Impairment Analysis Ending Balance June 30, 2015 Impairment Analysis (In thousands) Individually Evaluated Collectively Evaluated Individually Evaluated Collectively Evaluated Residential real estate $ 263 $ 2,191 $ 1,843 $ 224,805 Residential construction and land - 50 - 3,621 Multi-family - 40 - 4,287 Commercial real estate 187 3,512 2,101 140,222 Commercial construction - 233 - 8,936 Home equity - 314 154 20,865 Consumer installment - 223 - 4,123 Commercial loans 1 1,128 93 39,705 Unallocated - - - - Total $ 451 $ 7,691 $ 4,191 $ 446,564

Fair Value Measurements and F28

Fair Value Measurements and Fair Value of Financial Instruments (Tables)	3 Months Ended
	Sep. 30, 2015
Fair Value Measurements and Fair Value of Financial Instruments [Abstract]
Fair Value, Assets Measured on Recurring Basis	For assets measured at fair value on a recurring basis, the fair value measurements by level within the fair value hierarchy used are as follows: Fair Value Measurements Using (In thousands) September 30, 2015 Quoted Prices In Active Markets For Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs Assets: U.S. Government sponsored enterprises $ 4,869 $ - $ 4,869 $ - State and political subdivisions 53,820 - 53,820 - Mortgage-backed securities-residential 7,541 - 7,541 - Mortgage-backed securities-multi-family 24,647 - 24,647 - Asset-backed securities 6 6 - - Corporate debt securities 4,735 4,735 - - Equity securities 139 139 - - Securities available-for-sale $ 95,757 $ 4,880 $ 90,877 $ - Fair Value Measurements Using (In thousands) June 30, 2015 Quoted Prices In Active Markets For Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs Assets: U.S. Government sponsored enterprises $ 7,855 $ - $ 7,855 $ - State and political subdivisions 39,582 - 39,582 - Mortgage-backed securities-residential 7,942 - 7,942 - Mortgage-backed securities-multi-family 25,735 - 25,735 - Asset-backed securities 9 9 - - Corporate debt securities 4,774 4,774 - - Equity securities 137 137 - - Securities available-for-sale $ 86,034 $ 4,920 $ 81,114 $ -
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis	Fair Value Measurements Using (In thousands) Fair Value (Level 1) (Level 2) (Level 3) September 30, 2015 Impaired loans $ 693 $ - $ - $ 693 Foreclosed real estate 836 - - 836 June 30, 2015 Impaired loans $ 922 $ - $ - $ 922 Foreclosed real estate 490 - - 490
Fair Value Inputs, Assets, Quantitative Information	The following table presents additional quantitative information about assets measured at fair value on a nonrecurring basis and for which Level 3 inputs were utilized to determine fair value: (Dollars in thousands) Fair Value Valuation Technique Unobservable Input Range Weighted Average September 30, 2015 Impaired Loans $ 693 Appraisal of collateral (1) Appraisal adjustments (2) 0.00%-38.85 % 21.70 % Liquidation expenses (3) 0.00%-7.50 % 3.45 % Foreclosed real estate 836 Appraisal of collateral (1) Appraisal adjustments (2) 25.15%-54.17 % 21.77 % Liquidation expenses (3) 0.42%-11.64 % 8.82 % June 30, 2015 Impaired loans $ 922 Appraisal of collateral (1) Appraisal adjustments (2) 0.00%-38.85 % 22.81 % Liquidation expenses (3) 0.00%-7.50 % 3.91 % Foreclosed real estate 490 Appraisal of collateral (1) Appraisal adjustments (2) 7.41%-54.17 % 24.65 % Liquidation expenses (3) 0.42%-10.86 % 6.40 % (1) Fair value is generally determined through independent third-party appraisals of the underlying collateral, which generally includes various Level 3 inputs which are not observable. (2) Appraisals may be adjusted downwards by management for qualitative factors such as economic conditions. Higher downward adjustments are caused by negative changes to the collateral or conditions in the real estate market, actual offers or sales contracts received or age of the appraisal. (3) Appraisals may be adjusted downwards by management for qualitative factors such as the estimated costs to liquidate the collateral.
Carrying Amounts and Estimated Fair Value	The carrying amounts and estimated fair value of financial instruments are as follows: (In thousands) September 30, 2015 Fair Value Measurements Using Carrying Amount Fair Value (Level 1) (Level 2) (Level 3) Cash and cash equivalents $ 12,117 $ 12,117 $ 12,117 $ - $ - Long term certificate of deposit 1,230 1,230 1,230 - - Securities available-for-sale 95,757 95,757 4,880 90,877 - Securities held-to-maturity 174,560 178,960 - 178,960 - Federal Home Loan Bank stock 1,832 1,832 - 1,832 - Net loans 460,458 469,418 - - 469,418 Accrued interest receivable 3,185 3,185 - 3,185 - Deposits 664,308 664,495 - 664,495 - Federal Home Loan Bank borrowings 27,000 27,042 - 27,042 - Accrued interest payable 65 65 - 65 - (In thousands) June 30, 2015 Fair Value Measurements Using Carrying Amount Fair Value (Level 1) (Level 2) (Level 3) Cash and cash equivalents $ 15,538 $ 15,538 $ 15,538 $ - $ - Long term certificate of deposit 1,230 1,230 1,230 - - Securities available-for-sale 86,034 86,034 4,920 81,114 - Securities held-to-maturity 169,000 171,976 - 171,976 - Federal Home Loan Bank stock 2,494 2,494 - 2,494 - Net loans 443,496 450,437 - - 450,437 Accrued interest receivable 3,026 3,026 - 3,026 - Deposits 622,717 622,900 - 622,900 - Federal Home Loan Bank borrowings 41,700 41,598 - 41,598 - Accrued interest payable 64 64 - 64 -

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Sep. 30, 2015
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	Basic earnings per share is computed by dividing net income by the weighted average number of common shares outstanding during the period. Diluted earnings per share is computed in a manner similar to that of basic earnings per share except that the weighted-average number of common shares outstanding is increased to include the number of incremental common shares that would have been outstanding under the treasury stock method if all potentially dilutive common shares (such as stock options) issued became vested during the period. There were no anti-dilutive securities or contracts outstanding during the quarters ended September 30, 2015 and 2014. Net Income Weighted Average Number Of Shares Outstanding Earnings per Share Three months ended September 30, 2015 $ 2,150,000 Basic 4,223,156 $ 0.51 Effect of dilutive stock options 26,224 (0.00 ) Diluted 4,249,380 $ 0.51 Three months ended September 30, 2014 $ 1,775,000 Basic 4,214,358 $ 0.42 Effect of dilutive stock options 30,967 (0.00 ) Diluted 4,245,325 $ 0.42

Employee Benefit Plans (Tables)

Employee Benefit Plans (Tables)	3 Months Ended
	Sep. 30, 2015
Employee Benefit Plans [Abstract]
Schedule of Net Periodic Pension Costs	The components of net periodic pension cost related to the defined benefit pension plan for the three months ended September 30, 2015 and 2014 were as follows: Three months ended September 30, (In thousands) 2015 2014 Interest cost $ 58 $ 55 Expected return on plan assets (77 ) (81 ) Amortization of net loss 34 26 Net periodic pension cost $ 15 $ -

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	3 Months Ended
	Sep. 30, 2015
Stock-Based Compensation [Abstract]
Summary of Stock Option Activity	A summary of the Company’s stock option activity and related information for its option plan for the three months ended September 30, 2015 and 2014 is as follows: 2015 2014 Shares Weighted Average Exercise Price Per Share Shares Weighted Average Exercise Price Per Share Outstanding at beginning of year 47,835 $ 12.50 59,435 $ 12.50 Exercised (2,100 ) $ 12.50 (3,100 ) $ 12.50 Outstanding at period end 45,735 $ 12.50 56,335 $ 12.50 Exercisable at period end 45,735 $ 12.50 56,335 $ 12.50
Schedule of Options Outstanding and Exercisable	The following table presents stock options outstanding and exercisable at September 30, 2015: Options Outstanding and Exercisable Range of Exercise Prices Number Outstanding Weighted Average Remaining Contractual Life Weighted Average Exercise Price $ 12.50 45,735 3.00 $ 12.50
Summary of Phantom Stock Options Activity	A summary of the Company’s phantom stock option activity and related information for its option plan for the three months ended September 30, 2015 and 2014 is as follows: 2015 2014 Number of options outstanding at beginning of year 628,754 665,426 Options granted 246,880 241,090 Options paid in cash upon vesting (198,357 ) (227,484 ) Number of options outstanding at period end 677,277 679,032

Accumulated Other Comprehensi32

Accumulated Other Comprehensive Loss (Tables)	3 Months Ended
	Sep. 30, 2015
Accumulated Other Comprehensive Loss [Abstract]
Components of Accumulated Other Comprehensive loss	The components of accumulated other comprehensive loss as of September 30, 2015 and June 30, 2015 are presented in the following table: (In thousands) Accumulated other comprehensive (loss) income: September 30, 2015 June 30, 2015 Unrealized gain on available-for-sale securities, net of tax $ 738 $ 704 Unrealized loss on securities transferred to held-to-maturity, net of tax (5 ) (11 ) Net losses and past service liability for defined benefit plan, net of tax (1,491 ) (1,491 ) Accumulated other comprehensive loss $ (758 ) $ (798 )

Nature of Operations (Details)

Nature of Operations (Details)	Sep. 30, 2015SubsidiaryOffice
Nature of Operations [Abstract]
Number of subsidiaries	2
Number of full-service offices | Office	13

Securities, Unrealized Gain (Lo

Securities, Unrealized Gain (Loss) on Investments (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Jun. 30, 2015
Available-for-sale debt securities [Abstract]
Amortized cost	$ 94,492	$ 84,824
Gross unrealized gains	1,184	1,139
Gross unrealized losses	58	66
Estimated fair value	95,618	85,897
Available-for-sale equity securities and other [Abstract]
Amortized cost	62	62
Gross unrealized gains	77	75
Gross unrealized losses	0	0
Estimated fair value	139	137
Available-for-sale securities [Abstract]
Amortized cost	94,554	84,886
Gross unrealized gains	1,261	1,214
Gross unrealized losses	58	66
Estimated fair value	95,757	86,034
Held-to-maturity securities [Abstract]
Amortized cost	174,560	169,000
Gross unrealized gains	5,041	3,895
Gross unrealized losses	641	919
Estimated fair value	178,960	171,976
Total Securities [Abstract]
Amortized cost	269,114	253,886
Gross unrealized gains	6,302	5,109
Gross unrealized losses	699	985
Estimated fair value	274,717	258,010
U.S. Government Sponsored Enterprises [Member]
Available-for-sale debt securities [Abstract]
Amortized cost	4,602	7,608
Gross unrealized gains	267	247
Gross unrealized losses	0	0
Estimated fair value	4,869	7,855
State and Political Subdivisions [Member]
Available-for-sale debt securities [Abstract]
Amortized cost	53,807	39,574
Gross unrealized gains	13	9
Gross unrealized losses	0	1
Estimated fair value	53,820	39,582
Mortgage-backed Securities-Residential [Member]
Available-for-sale debt securities [Abstract]
Amortized cost	7,407	7,797
Gross unrealized gains	146	155
Gross unrealized losses	12	10
Estimated fair value	7,541	7,942
Mortgage-backed Securities-Multi-family [Member]
Available-for-sale debt securities [Abstract]
Amortized cost	24,128	25,291
Gross unrealized gains	553	486
Gross unrealized losses	34	42
Estimated fair value	24,647	25,735
Asset-backed Securities [Member]
Available-for-sale debt securities [Abstract]
Amortized cost	7	10
Gross unrealized gains	0	0
Gross unrealized losses	1	1
Estimated fair value	6	9
Corporate Debt Securities [Member]
Available-for-sale debt securities [Abstract]
Amortized cost	4,541	4,544
Gross unrealized gains	205	242
Gross unrealized losses	11	12
Estimated fair value	4,735	4,774
U.S. Government Sponsored Enterprises [Member]
Held-to-maturity securities [Abstract]
Amortized cost	2,000	2,000
Gross unrealized gains	0	0
Gross unrealized losses	26	49
Estimated fair value	1,974	1,951
State and Political Subdivisions [Member]
Held-to-maturity securities [Abstract]
Amortized cost	87,527	81,501
Gross unrealized gains	3,259	2,137
Gross unrealized losses	58	187
Estimated fair value	90,728	83,451
Mortgage-backed Securities-Residential [Member]
Held-to-maturity securities [Abstract]
Amortized cost	15,806	17,468
Gross unrealized gains	725	768
Gross unrealized losses	0	0
Estimated fair value	16,531	18,236
Mortgage-backed Securities-Multi-family [Member]
Held-to-maturity securities [Abstract]
Amortized cost	67,503	67,239
Gross unrealized gains	1,053	990
Gross unrealized losses	549	665
Estimated fair value	68,007	67,564
Other Securities [Member]
Held-to-maturity securities [Abstract]
Amortized cost	1,724	792
Gross unrealized gains	4	0
Gross unrealized losses	8	18
Estimated fair value	$ 1,720	$ 774

Securities, Securities in Conti

Securities, Securities in Continuous Unrealized Loss Position (Details) $ in Thousands	3 Months Ended
	Sep. 30, 2015USD ($)Security	Sep. 30, 2014USD ($)	Jun. 30, 2015USD ($)Security
Available-for-sale Securities, Continuous Unrealized Loss Position [Abstract]
Less Than 12 Months, Fair Value	$ 2,296		$ 3,095
Less Than 12 Months, Unrealized Losses	$ 23		$ 29
Less Than 12 Months, Number of Securities | Security	2		3
More Than 12 Months, Fair Value	$ 2,794		$ 2,883
More Than 12 Months, Unrealized Losses	$ 35		$ 37
More Than 12 Months, Number of Securities | Security	5		5
Total, Fair Value	$ 5,090		$ 5,978
Total, Unrealized Losses	$ 58		$ 66
Total, Number of Securities | Security	7		8
Other-than-temporary impairment losses	$ 0	$ 0
Held-to-maturity Securities, Continuous Unrealized Loss Position [Abstract]
Less Than 12 Months, Fair Value	16,571		$ 25,969
Less Than 12 Months, Unrealized Losses	$ 139		$ 254
Less Than 12 Months, Number of Securities | Security	33		54
More Than 12 Months, Fair Value	$ 31,580		$ 31,561
More Than 12 Months, Unrealized Losses	$ 502		$ 665
More Than 12 Months, Number of Securities | Security	16		17
Total, Fair Value	$ 48,151		$ 57,530
Total, Unrealized Losses	$ 641		$ 919
Total, Number of Securities | Security	49		71
Total Securities, Continuous Unrealized Loss Position [Abstract]
Less Than 12 Months, Fair Value	$ 18,867		$ 29,064
Less Than 12 Months, Unrealized Losses	$ 162		$ 283
Less Than 12 Months, Number of Securities | Security	35		57
More Than 12 Months, Fair Value	$ 34,374		$ 34,444
More Than 12 Months, Unrealized Losses	$ 537		$ 702
More Than 12 Months, Number of Securities | Security	21		22
Total, Fair Value	$ 53,241		$ 63,508
Total, Unrealized Losses	$ 699		$ 985
Total, Number of Securities | Security	56		79
Proceeds from sale of available-for-sale securities, debt	$ 0	0
Gross realized gains (losses) on sale of available-for-sale securities	0	0
Other-than-temporary impairment losses	0	$ 0
State and Political Subdivisions [Member]
Available-for-sale Securities, Continuous Unrealized Loss Position [Abstract]
Less Than 12 Months, Fair Value			$ 799
Less Than 12 Months, Unrealized Losses			$ 1
Less Than 12 Months, Number of Securities | Security			1
More Than 12 Months, Fair Value			$ 0
More Than 12 Months, Unrealized Losses			0
Total, Fair Value			799
Total, Unrealized Losses			$ 1
Total, Number of Securities | Security			1
Mortgage-backed Securities-Residential [Member]
Available-for-sale Securities, Continuous Unrealized Loss Position [Abstract]
Less Than 12 Months, Fair Value	0		$ 0
Less Than 12 Months, Unrealized Losses	$ 0		$ 0
Less Than 12 Months, Number of Securities | Security	0		0
More Than 12 Months, Fair Value	$ 1,566		$ 1,630
More Than 12 Months, Unrealized Losses	$ 12		$ 10
More Than 12 Months, Number of Securities | Security	1		1
Total, Fair Value	$ 1,566		$ 1,630
Total, Unrealized Losses	$ 12		$ 10
Total, Number of Securities | Security	1		1
Mortgage-backed Securities-Multi-family [Member]
Available-for-sale Securities, Continuous Unrealized Loss Position [Abstract]
Less Than 12 Months, Fair Value	$ 2,023		$ 2,023
Less Than 12 Months, Unrealized Losses	$ 22		$ 26
Less Than 12 Months, Number of Securities | Security	1		1
More Than 12 Months, Fair Value	$ 731		$ 753
More Than 12 Months, Unrealized Losses	$ 12		$ 16
More Than 12 Months, Number of Securities | Security	1		1
Total, Fair Value	$ 2,754		$ 2,776
Total, Unrealized Losses	$ 34		$ 42
Total, Number of Securities | Security	2		2
Asset-backed Securities [Member]
Available-for-sale Securities, Continuous Unrealized Loss Position [Abstract]
Less Than 12 Months, Fair Value	$ 0		$ 0
Less Than 12 Months, Unrealized Losses	$ 0		$ 0
Less Than 12 Months, Number of Securities | Security	0		0
More Than 12 Months, Fair Value	$ 6		$ 9
More Than 12 Months, Unrealized Losses	$ 1		$ 1
More Than 12 Months, Number of Securities | Security	1		1
Total, Fair Value	$ 6		$ 9
Total, Unrealized Losses	$ 1		$ 1
Total, Number of Securities | Security	1		1
Corporate Debt Securities [Member]
Available-for-sale Securities, Continuous Unrealized Loss Position [Abstract]
Less Than 12 Months, Fair Value	$ 273		$ 273
Less Than 12 Months, Unrealized Losses	$ 1		$ 2
Less Than 12 Months, Number of Securities | Security	1		1
More Than 12 Months, Fair Value	$ 491		$ 491
More Than 12 Months, Unrealized Losses	$ 10		$ 10
More Than 12 Months, Number of Securities | Security	2		2
Total, Fair Value	$ 764		$ 764
Total, Unrealized Losses	$ 11		$ 12
Total, Number of Securities | Security	3		3
U.S. Government Sponsored Enterprises [Member]
Held-to-maturity Securities, Continuous Unrealized Loss Position [Abstract]
Less Than 12 Months, Fair Value	$ 0		$ 0
Less Than 12 Months, Unrealized Losses	$ 0		$ 0
Less Than 12 Months, Number of Securities | Security	0		0
More Than 12 Months, Fair Value	$ 1,974		$ 1,951
More Than 12 Months, Unrealized Losses	$ 26		$ 49
More Than 12 Months, Number of Securities | Security	1		1
Total, Fair Value	$ 1,974		$ 1,951
Total, Unrealized Losses	$ 26		$ 49
Total, Number of Securities | Security	1		1
State and Political Subdivisions [Member]
Held-to-maturity Securities, Continuous Unrealized Loss Position [Abstract]
Less Than 12 Months, Fair Value	$ 4,691		$ 11,171
Less Than 12 Months, Unrealized Losses	$ 36		$ 143
Less Than 12 Months, Number of Securities | Security	27		49
More Than 12 Months, Fair Value	$ 1,118		$ 1,221
More Than 12 Months, Unrealized Losses	$ 22		$ 44
More Than 12 Months, Number of Securities | Security	6		9
Total, Fair Value	$ 5,809		$ 12,392
Total, Unrealized Losses	$ 58		$ 187
Total, Number of Securities | Security	33		58
Mortgage-backed Securities-Residential [Member]
Held-to-maturity Securities, Continuous Unrealized Loss Position [Abstract]
Total, Unrealized Losses	$ 0		$ 0
Mortgage-backed Securities-Multi-family [Member]
Held-to-maturity Securities, Continuous Unrealized Loss Position [Abstract]
Less Than 12 Months, Fair Value	11,540		14,464
Less Than 12 Months, Unrealized Losses	$ 98		$ 100
Less Than 12 Months, Number of Securities | Security	4		4
More Than 12 Months, Fair Value	$ 28,283		$ 28,187
More Than 12 Months, Unrealized Losses	$ 451		$ 565
More Than 12 Months, Number of Securities | Security	6		6
Total, Fair Value	$ 39,823		$ 42,651
Total, Unrealized Losses	$ 549		$ 665
Total, Number of Securities | Security	10		10
Other Securities [Member]
Held-to-maturity Securities, Continuous Unrealized Loss Position [Abstract]
Less Than 12 Months, Fair Value	$ 340		$ 334
Less Than 12 Months, Unrealized Losses	$ 5		$ 11
Less Than 12 Months, Number of Securities | Security	2		1
More Than 12 Months, Fair Value	$ 205		$ 202
More Than 12 Months, Unrealized Losses	$ 3		$ 7
More Than 12 Months, Number of Securities | Security	3		1
Total, Fair Value	$ 545		$ 536
Total, Unrealized Losses	$ 8		$ 18
Total, Number of Securities | Security	5		2

Securities, Securities by Contr

Securities, Securities by Contractual Maturity (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Jun. 30, 2015
Available-for-sale Debt Securities, Amortized Cost [Abstract]
Within one year	$ 53,508
After one year through five years	9,442
After five years through ten years	0
After ten years	0
Total available for sale debt securities	62,950
Mortgage-backed and asset-backed securities	31,542
Equity securities	62	$ 62
Amortized cost	94,554	84,886
Available-for-sale Debt Securities, Fair Value [Abstract]
Within one year	53,522
After one through five years	9,902
After five through ten years	0
After ten years	0
Total available-for-sale debt securities	63,424
Mortgage-backed and asset-backed securities	32,194
Equity securities	139	137
Estimated fair value	95,757	86,034
Held-to-maturity Debt Securities, Amortized Cost [Abstract]
Within one year	12,893
After one year through five years	48,370
After five years through ten years	21,743
After ten years	8,245
Total held-to-maturity debt securities	91,251
Mortgage-backed	83,309
Amortized cost	174,560	169,000
Held-to-maturity Debt Securities, Fair Value [Abstract]
Within one year	13,125
After one year through five years	49,779
After five years through ten years	22,606
After ten years	8,912
Total held-to-maturity debt securities	94,422
Mortgage-backed securities	84,538
Estimated Fair Value	178,960	171,976
Total Securities [Abstract]
Amortized cost	269,114	253,886
Estimated fair value	274,717	258,010
Securities pledged as collateral for deposits in excess of FDIC insurance limits, fair value	242,800	223,100
Securities pledged as collateral for potential borrowings at the Federal Reserve Bank discount window	$ 4,700	$ 4,800

Loans, Major Loan Segments and

Loans, Major Loan Segments and Classes (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Jun. 30, 2015	Sep. 30, 2014	Jun. 30, 2014
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total gross loans	$ 468,019	$ 450,755
Allowance for loan losses	(8,466)	(8,142)	$ (7,720)	$ (7,419)
Deferred fees and costs	905	883
Loans receivable, net	460,458	443,496
Residential Real Estate [Member] | Residential Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total gross loans	228,993	226,648
Allowance for loan losses	(2,386)	(2,454)	(2,647)	(2,731)
Residential Real Estate [Member] | Construction and Land [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total gross loans	4,564	3,621
Allowance for loan losses	(62)	(50)	(41)	(42)
Residential Real Estate [Member] | Multi-family [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total gross loans	4,374	4,287
Allowance for loan losses	(25)	(40)	(45)	(59)
Commercial Real Estate [Member] | Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total gross loans	154,067	142,323
Allowance for loan losses	(3,814)	(3,699)	(3,164)	(2,936)
Commercial Real Estate [Member] | Construction [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total gross loans	6,269	8,936
Allowance for loan losses	(162)	(233)	(109)	(38)
Consumer Loan [Member] | Home Equity [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total gross loans	21,389	21,019
Allowance for loan losses	(319)	(314)	(376)	(361)
Consumer Loan [Member] | Consumer Installment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total gross loans	4,083	4,123
Allowance for loan losses	(240)	(223)	(243)	(240)
Commercial Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total gross loans	44,280	39,798
Allowance for loan losses	$ (1,252)	$ (1,129)	$ (831)	$ (811)

Loans and Allowance for Loan 38

Loans and Allowance for Loan Losses, Loan Balances by Internal Credit Quality Indicator (Details) $ in Thousands	3 Months Ended
	Sep. 30, 2015USD ($)Segment	Jun. 30, 2015USD ($)
Financing Receivable, Recorded Investment [Line Items]
Number of segments within loan portfolio | Segment	4
Total gross loans	$ 468,019	$ 450,755
Performing [Member]
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	460,966	442,584
Watch [Member]
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	881	644
Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	1,485	1,942
Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	4,687	5,585
Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	0	0
Loss [Member]
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	$ 0	0
Residential Real Estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Maximum loan-to-value ratio (in hundredths)	89.90%
Residential Real Estate [Member] | Residential Mortgage with Private Mortgage Insurance [Member]
Financing Receivable, Recorded Investment [Line Items]
Maximum loan-to-value ratio (in hundredths)	95.00%
Residential Real Estate [Member] | Residential Real Estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	$ 228,993	226,648
Residential Real Estate [Member] | Residential Real Estate [Member] | Performing [Member]
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	226,798	224,195
Residential Real Estate [Member] | Residential Real Estate [Member] | Watch [Member]
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	422	638
Residential Real Estate [Member] | Residential Real Estate [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	96	97
Residential Real Estate [Member] | Residential Real Estate [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	1,677	1,718
Residential Real Estate [Member] | Construction and Land [Member]
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	4,564	3,621
Residential Real Estate [Member] | Construction and Land [Member] | Performing [Member]
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	4,564	3,621
Residential Real Estate [Member] | Construction and Land [Member] | Watch [Member]
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	0	0
Residential Real Estate [Member] | Construction and Land [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	0	0
Residential Real Estate [Member] | Construction and Land [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	0	0
Residential Real Estate [Member] | Multi-family [Member]
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	4,374	4,287
Residential Real Estate [Member] | Multi-family [Member] | Performing [Member]
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	4,270	4,182
Residential Real Estate [Member] | Multi-family [Member] | Watch [Member]
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	0	0
Residential Real Estate [Member] | Multi-family [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	0	0
Residential Real Estate [Member] | Multi-family [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	104	105
Commercial Real Estate [Member] | Real Estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	154,067	142,323
Commercial Real Estate [Member] | Real Estate [Member] | Performing [Member]
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	150,926	138,468
Commercial Real Estate [Member] | Real Estate [Member] | Watch [Member]
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	459	0
Commercial Real Estate [Member] | Real Estate [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	543	986
Commercial Real Estate [Member] | Real Estate [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	2,139	2,869
Commercial Real Estate [Member] | Construction [Member]
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	6,269	8,936
Commercial Real Estate [Member] | Construction [Member] | Performing [Member]
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	6,269	8,936
Commercial Real Estate [Member] | Construction [Member] | Watch [Member]
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	0	0
Commercial Real Estate [Member] | Construction [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	0	0
Commercial Real Estate [Member] | Construction [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	0	0
Consumer Loan [Member] | Home Equity [Member]
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	21,389	21,019
Consumer Loan [Member] | Home Equity [Member] | Performing [Member]
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	21,129	20,731
Consumer Loan [Member] | Home Equity [Member] | Watch [Member]
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	0	0
Consumer Loan [Member] | Home Equity [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	15	15
Consumer Loan [Member] | Home Equity [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	245	273
Consumer Loan [Member] | Consumer Installment [Member]
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	4,083	4,123
Consumer Loan [Member] | Consumer Installment [Member] | Performing [Member]
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	4,078	4,117
Consumer Loan [Member] | Consumer Installment [Member] | Watch [Member]
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	0	6
Consumer Loan [Member] | Consumer Installment [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	0	0
Consumer Loan [Member] | Consumer Installment [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	5	0
Commercial Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	44,280	39,798
Commercial Loans [Member] | Performing [Member]
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	42,932	38,334
Commercial Loans [Member] | Watch [Member]
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	0	0
Commercial Loans [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	831	844
Commercial Loans [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	$ 517	$ 620

Loans and Allowance for Loan 39

Loans and Allowance for Loan Losses, Delinquent and Nonaccrual Loans by Past Due Status (Details) - USD ($)	Sep. 30, 2015	Jun. 30, 2015
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	$ 4,290,000	$ 4,330,000
Current	463,729,000	446,425,000
Total Loans	468,019,000	450,755,000
Loans on Non-accrual	4,175,000	4,608,000
Loans in the process of foreclosure	654,000	1,200,000
Nonaccrual loans with recent history of delinquency greater than 90 days	2,300,000	2,600,000
Nonaccrual loans making payments pursuant to forbearance agreements	250,000
Financing receivable, recorded investment, 90 days past due and still accruing	82,000	84,000
30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	2,198,000	1,869,000
60 to 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	130,000	336,000
90 days or More Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	1,962,000	2,125,000
Residential Real Estate [Member] | Residential Real Estate [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	2,419,000	2,347,000
Current	226,574,000	224,301,000
Total Loans	228,993,000	226,648,000
Loans on Non-accrual	913,000	1,087,000
Residential Real Estate [Member] | Residential Real Estate [Member] | 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	1,592,000	1,233,000
Residential Real Estate [Member] | Residential Real Estate [Member] | 60 to 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	114,000	329,000
Residential Real Estate [Member] | Residential Real Estate [Member] | 90 days or More Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	713,000	785,000
Residential Real Estate [Member] | Construction and Land [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	0	28,000
Current	4,564,000	3,593,000
Total Loans	4,564,000	3,621,000
Loans on Non-accrual	0	0
Residential Real Estate [Member] | Construction and Land [Member] | 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	0	28,000
Residential Real Estate [Member] | Construction and Land [Member] | 60 to 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	0	0
Residential Real Estate [Member] | Construction and Land [Member] | 90 days or More Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	0	0
Residential Real Estate [Member] | Multi-family [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	0	0
Current	4,374,000	4,287,000
Total Loans	4,374,000	4,287,000
Loans on Non-accrual	0	0
Residential Real Estate [Member] | Multi-family [Member] | 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	0	0
Residential Real Estate [Member] | Multi-family [Member] | 60 to 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	0	0
Residential Real Estate [Member] | Multi-family [Member] | 90 days or More Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	0	0
Commercial Real Estate [Member] | Real Estate [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	1,419,000	1,472,000
Current	152,648,000	140,851,000
Total Loans	154,067,000	142,323,000
Loans on Non-accrual	2,692,000	2,964,000
Commercial Real Estate [Member] | Real Estate [Member] | 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	250,000	339,000
Commercial Real Estate [Member] | Real Estate [Member] | 60 to 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	1,000	1,000
Commercial Real Estate [Member] | Real Estate [Member] | 90 days or More Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	1,168,000	1,132,000
Commercial Real Estate [Member] | Construction [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	0	0
Current	6,269,000	8,936,000
Total Loans	6,269,000	8,936,000
Loans on Non-accrual	0	0
Commercial Real Estate [Member] | Construction [Member] | 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	0	0
Commercial Real Estate [Member] | Construction [Member] | 60 to 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	0	0
Commercial Real Estate [Member] | Construction [Member] | 90 days or More Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	0	0
Consumer Loan [Member] | Home Equity [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	223,000	277,000
Current	21,166,000	20,742,000
Total Loans	21,389,000	21,019,000
Loans on Non-accrual	126,000	169,000
Consumer Loan [Member] | Home Equity [Member] | 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	203,000	244,000
Consumer Loan [Member] | Home Equity [Member] | 60 to 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	15,000	0
Consumer Loan [Member] | Home Equity [Member] | 90 days or More Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	5,000	33,000
Consumer Loan [Member] | Consumer Installment [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	55,000	31,000
Current	4,028,000	4,092,000
Total Loans	4,083,000	4,123,000
Loans on Non-accrual	5,000	0
Consumer Loan [Member] | Consumer Installment [Member] | 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	54,000	25,000
Consumer Loan [Member] | Consumer Installment [Member] | 60 to 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	0	6,000
Consumer Loan [Member] | Consumer Installment [Member] | 90 days or More Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	1,000	0
Commercial Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	174,000	175,000
Current	44,106,000	39,623,000
Total Loans	44,280,000	39,798,000
Loans on Non-accrual	439,000	388,000
Commercial Loans [Member] | 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	99,000	0
Commercial Loans [Member] | 60 to 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	0	0
Commercial Loans [Member] | 90 days or More Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	$ 75,000	$ 175,000

Loans and Allowance for Loan 40

Loans and Allowance for Loan Losses, Nonaccrual Loans, Interest Income Data (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Loans and Allowance for Loan Losses [Abstract]
Interest income that would have been recorded if loans had been performing in accordance with original	$ 101	$ 128
Interest income that was recorded on nonaccrual loans	$ 49	$ 46

Loans and Allowance for Loan 41

Loans and Allowance for Loan Losses, Impaired Loans By Loan Portfolio Class (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Jun. 30, 2015
With no related allowance recorded [Abstract]
Recorded investment	$ 1,629		$ 1,792
Unpaid principal	1,836		1,998
Average recorded investment	1,682	$ 760
Interest income recognized	9	10
With an allowance recorded [Abstract]
Recorded investment	2,047		2,399
Unpaid principal	2,047		2,399
Related allowance	341		451
Average recorded investment	2,167	5,908
Interest income recognized	21	83
Recorded investment	3,676		4,191
Unpaid principal	3,883		4,397
Average recorded investment	3,849	6,668
Interest income recognized	30	93
Residential Real Estate [Member] | Residential Real Estate [Member]
With no related allowance recorded [Abstract]
Recorded investment	308		432
Unpaid principal	308		432
Average recorded investment	349	206
Interest income recognized	2	3
With an allowance recorded [Abstract]
Recorded investment	1,397		1,411
Unpaid principal	1,397		1,411
Related allowance	264		263
Average recorded investment	1,404	2,585
Interest income recognized	14	31
Recorded investment	1,705		1,843
Unpaid principal	1,705		1,843
Average recorded investment	1,753	2,791
Interest income recognized	16	34
Commercial Real Estate [Member] | Real Estate [Member]
With no related allowance recorded [Abstract]
Recorded investment	1,194		1,206
Unpaid principal	1,401		1,412
Average recorded investment	1,199	458
Interest income recognized	6	7
With an allowance recorded [Abstract]
Recorded investment	558		895
Unpaid principal	558		895
Related allowance	76		187
Average recorded investment	671	2,522
Interest income recognized	6	42
Recorded investment	1,752		2,101
Unpaid principal	1,959		2,307
Average recorded investment	1,870	2,980
Interest income recognized	12	49
Consumer Loan [Member] | Home Equity [Member]
With no related allowance recorded [Abstract]
Recorded investment	127		154
Unpaid principal	127		154
Average recorded investment	134	96
Interest income recognized	1	0
With an allowance recorded [Abstract]
Recorded investment			0
Unpaid principal			0
Related allowance	0		0
Average recorded investment		200
Interest income recognized		0
Recorded investment	127		154
Unpaid principal	127		154
Average recorded investment	134	296
Interest income recognized	1	0
Commercial Loans [Member]
With no related allowance recorded [Abstract]
Recorded investment			0
Unpaid principal			0
Average recorded investment		0
Interest income recognized		0
With an allowance recorded [Abstract]
Recorded investment	92		93
Unpaid principal	92		93
Related allowance	1		1
Average recorded investment	92	601
Interest income recognized	1	10
Recorded investment	92		93
Unpaid principal	92		$ 93
Average recorded investment	92	601
Interest income recognized	$ 1	$ 10

Loans and Allowance for Loan 42

Loans and Allowance for Loan Losses, Troubled Debt Restructurings (Details) - Contract	3 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Loans and Allowance for Loan Losses [Abstract]
Troubled debt restructuring, number of contracts	0	0
Troubled debt restructuring, subsequent default, number of contracts	0	0

Loans and Allowance for Loan 43

Loans and Allowance for Loan Losses, Activity and Allocation of Allowance for Loan Losses (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Jun. 30, 2015
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses, Beginning balance	$ 8,142	$ 7,419
Charge-offs	92	129
Recoveries	42	19
Provision	374	411
Allowance for loan losses, Ending balance	8,466	7,720
Allowance for loan losses: Ending balance: individually evaluated for impairment	341		$ 451
Allowance for loan losses: Ending balance: collectively evaluated for impairment	8,125		7,691
Loans receivables: Ending balance: individually evaluated for impairment	3,676		4,191
Loans receivable: Ending balance: collectively evaluated for impairment	464,343		446,564
Residential Real Estate [Member] | Residential Real Estate [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses, Beginning balance	2,454	2,731
Charge-offs	0	74
Recoveries	0	0
Provision	(68)	(10)
Allowance for loan losses, Ending balance	2,386	2,647
Allowance for loan losses: Ending balance: individually evaluated for impairment	264		263
Allowance for loan losses: Ending balance: collectively evaluated for impairment	2,122		2,191
Loans receivables: Ending balance: individually evaluated for impairment	1,705		1,843
Loans receivable: Ending balance: collectively evaluated for impairment	227,288		224,805
Residential Real Estate [Member] | Construction and Land [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses, Beginning balance	50	42
Charge-offs	0	0
Recoveries	0	0
Provision	12	(1)
Allowance for loan losses, Ending balance	62	41
Allowance for loan losses: Ending balance: individually evaluated for impairment	0		0
Allowance for loan losses: Ending balance: collectively evaluated for impairment	62		50
Loans receivables: Ending balance: individually evaluated for impairment	0		0
Loans receivable: Ending balance: collectively evaluated for impairment	4,564		3,621
Residential Real Estate [Member] | Multi-family [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses, Beginning balance	40	59
Charge-offs	0	0
Recoveries	0	0
Provision	(15)	(14)
Allowance for loan losses, Ending balance	25	45
Allowance for loan losses: Ending balance: individually evaluated for impairment	0		0
Allowance for loan losses: Ending balance: collectively evaluated for impairment	25		40
Loans receivables: Ending balance: individually evaluated for impairment	0		0
Loans receivable: Ending balance: collectively evaluated for impairment	4,374		4,287
Commercial Real Estate [Member] | Real Estate [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses, Beginning balance	3,699	2,936
Charge-offs	14	0
Recoveries	17	0
Provision	112	228
Allowance for loan losses, Ending balance	3,814	3,164
Allowance for loan losses: Ending balance: individually evaluated for impairment	76		187
Allowance for loan losses: Ending balance: collectively evaluated for impairment	3,738		3,512
Loans receivables: Ending balance: individually evaluated for impairment	1,752		2,101
Loans receivable: Ending balance: collectively evaluated for impairment	152,315		140,222
Commercial Real Estate [Member] | Construction [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses, Beginning balance	233	38
Charge-offs	0	0
Recoveries	0	0
Provision	(71)	71
Allowance for loan losses, Ending balance	162	109
Allowance for loan losses: Ending balance: individually evaluated for impairment	0		0
Allowance for loan losses: Ending balance: collectively evaluated for impairment	162		233
Loans receivables: Ending balance: individually evaluated for impairment	0		0
Loans receivable: Ending balance: collectively evaluated for impairment	6,269		8,936
Consumer Loan [Member] | Home Equity [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses, Beginning balance	314	361
Charge-offs	0	0
Recoveries	0	0
Provision	5	15
Allowance for loan losses, Ending balance	319	376
Allowance for loan losses: Ending balance: individually evaluated for impairment	0		0
Allowance for loan losses: Ending balance: collectively evaluated for impairment	319		314
Loans receivables: Ending balance: individually evaluated for impairment	127		154
Loans receivable: Ending balance: collectively evaluated for impairment	21,262		20,865
Consumer Loan [Member] | Consumer Installment [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses, Beginning balance	223	240
Charge-offs	78	55
Recoveries	25	19
Provision	70	39
Allowance for loan losses, Ending balance	240	243
Allowance for loan losses: Ending balance: individually evaluated for impairment	0		0
Allowance for loan losses: Ending balance: collectively evaluated for impairment	240		223
Loans receivables: Ending balance: individually evaluated for impairment	0		0
Loans receivable: Ending balance: collectively evaluated for impairment	4,083		4,123
Commercial Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses, Beginning balance	1,129	811
Charge-offs	0	0
Recoveries	0	0
Provision	123	20
Allowance for loan losses, Ending balance	1,252	831
Allowance for loan losses: Ending balance: individually evaluated for impairment	1		1
Allowance for loan losses: Ending balance: collectively evaluated for impairment	1,251		1,128
Loans receivables: Ending balance: individually evaluated for impairment	92		93
Loans receivable: Ending balance: collectively evaluated for impairment	44,188		39,705
Unallocated [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses, Beginning balance	0	201
Charge-offs	0	0
Recoveries	0	0
Provision	206	63
Allowance for loan losses, Ending balance	206	$ 264
Allowance for loan losses: Ending balance: individually evaluated for impairment	0		0
Allowance for loan losses: Ending balance: collectively evaluated for impairment	206		0
Loans receivables: Ending balance: individually evaluated for impairment	0		0
Loans receivable: Ending balance: collectively evaluated for impairment	$ 0		$ 0

Fair Value Measurements and F44

Fair Value Measurements and Fair Value of Financial Instruments, Fair Value, Assets Measured on Recurring Basis (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Jun. 30, 2015
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale	$ 95,757	$ 86,034
Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale	95,757	86,034
Recurring [Member] | Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale	4,880	4,920
Recurring [Member] | Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale	90,877	81,114
Recurring [Member] | Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale	0	0
Recurring [Member] | U.S. Government Sponsored Enterprises [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale	4,869	7,855
Recurring [Member] | U.S. Government Sponsored Enterprises [Member] | Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale	0	0
Recurring [Member] | U.S. Government Sponsored Enterprises [Member] | Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale	4,869	7,855
Recurring [Member] | U.S. Government Sponsored Enterprises [Member] | Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale	0	0
Recurring [Member] | State and Political Subdivisions [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale	53,820	39,582
Recurring [Member] | State and Political Subdivisions [Member] | Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale	0	0
Recurring [Member] | State and Political Subdivisions [Member] | Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale	53,820	39,582
Recurring [Member] | State and Political Subdivisions [Member] | Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale	0	0
Recurring [Member] | Mortgage-backed Securities-Residential [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale	7,541	7,942
Recurring [Member] | Mortgage-backed Securities-Residential [Member] | Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale	0	0
Recurring [Member] | Mortgage-backed Securities-Residential [Member] | Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale	7,541	7,942
Recurring [Member] | Mortgage-backed Securities-Residential [Member] | Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale	0	0
Recurring [Member] | Mortgage-backed Securities-Multi-family [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale	24,647	25,735
Recurring [Member] | Mortgage-backed Securities-Multi-family [Member] | Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale	0	0
Recurring [Member] | Mortgage-backed Securities-Multi-family [Member] | Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale	24,647	25,735
Recurring [Member] | Mortgage-backed Securities-Multi-family [Member] | Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale	0	0
Recurring [Member] | Asset-backed Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale	6	9
Recurring [Member] | Asset-backed Securities [Member] | Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale	6	9
Recurring [Member] | Asset-backed Securities [Member] | Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale	0	0
Recurring [Member] | Asset-backed Securities [Member] | Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale	0	0
Recurring [Member] | Corporate Debt Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale	4,735	4,774
Recurring [Member] | Corporate Debt Securities [Member] | Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale	4,735	4,774
Recurring [Member] | Corporate Debt Securities [Member] | Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale	0	0
Recurring [Member] | Corporate Debt Securities [Member] | Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale	0	0
Recurring [Member] | Equity Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale	139	137
Recurring [Member] | Equity Securities [Member] | Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale	139	137
Recurring [Member] | Equity Securities [Member] | Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale	0	0
Recurring [Member] | Equity Securities [Member] | Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available-for-sale	$ 0	$ 0

Fair Value Measurements and F45

Fair Value Measurements and Fair Value of Financial Instruments, Fair Value, Assets and Liabilities Measured on Nonrecurring Basis, Valuation Techniques (Details) - Nonrecurring [Member] - USD ($) $ in Thousands	Sep. 30, 2015	Jun. 30, 2015
Impaired Loans [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value	$ 693	$ 922
Foreclosed Real Estate [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value	836	490
Level 1 [Member] | Impaired Loans [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value	0	0
Level 1 [Member] | Foreclosed Real Estate [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value	0	0
Level 2 [Member] | Impaired Loans [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value	0	0
Level 2 [Member] | Foreclosed Real Estate [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value	0	0
Level 3 [Member] | Impaired Loans [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value	693	922
Level 3 [Member] | Foreclosed Real Estate [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value	$ 836	$ 490

Fair Value Measurements and F46

Fair Value Measurements and Fair Value of Financial Instruments, Fair Value Inputs, Assets, Quantitative Information (Details) - Nonrecurring [Member] - USD ($)		3 Months Ended	12 Months Ended
		Sep. 30, 2015	Jun. 30, 2015
Fair value inputs [Abstract]
Loans receivable, fair value disclosure		$ 862,000	$ 1,200,000
Allowance for loan losses		169,000	277,000
Impaired Loans [Member]
Fair value inputs assets, quantitative information [Line Items]
Fair value		693,000	922,000
Impaired Loans [Member] | Appraisal of Collateral [Member]
Fair value inputs assets, quantitative information [Line Items]
Fair value	[1]	$ 693,000	$ 922,000
Impaired Loans [Member] | Appraisal of Collateral [Member] | Minimum [Member]
Fair value inputs [Abstract]
Appraisal adjustments	[1],[2]	0.00%	0.00%
Liquidation expenses	[1],[3]	0.00%	0.00%
Impaired Loans [Member] | Appraisal of Collateral [Member] | Maximum [Member]
Fair value inputs [Abstract]
Appraisal adjustments	[1],[2]	38.85%	38.85%
Liquidation expenses	[1],[3]	7.50%	7.50%
Impaired Loans [Member] | Appraisal of Collateral [Member] | Weighted Average [Member]
Fair value inputs [Abstract]
Appraisal adjustments	[1],[2]	21.70%	22.81%
Liquidation expenses	[1],[3]	3.45%	3.91%
Foreclosed Real Estate [Member]
Fair value inputs assets, quantitative information [Line Items]
Fair value		$ 836,000	$ 490,000
Foreclosed Real Estate [Member] | Appraisal of Collateral [Member]
Fair value inputs assets, quantitative information [Line Items]
Fair value	[1]	$ 836,000	$ 490,000
Foreclosed Real Estate [Member] | Appraisal of Collateral [Member] | Minimum [Member]
Fair value inputs [Abstract]
Appraisal adjustments	[1],[2]	25.15%	7.41%
Liquidation expenses	[1],[3]	0.42%	0.42%
Foreclosed Real Estate [Member] | Appraisal of Collateral [Member] | Maximum [Member]
Fair value inputs [Abstract]
Appraisal adjustments	[1],[2]	54.17%	54.17%
Liquidation expenses	[1],[3]	11.64%	10.86%
Foreclosed Real Estate [Member] | Appraisal of Collateral [Member] | Weighted Average [Member]
Fair value inputs [Abstract]
Appraisal adjustments	[1],[2]	21.77%	24.65%
Liquidation expenses	[1],[3]	8.82%	6.40%
[1]	Fair value is generally determined through independent third-party appraisals of the underlying collateral, which generally includes various Level 3 inputs which are not observable.
[2]	Appraisals may be adjusted downwards by management for qualitative factors such as economic conditions. Higher downward adjustments are caused by negative changes to the collateral or conditions in the real estate market, actual offers or sales contracts received or age of the appraisal.
[3]	Appraisals may be adjusted downwards by management for qualitative factors such as the estimated costs to liquidate the collateral.

Fair Value Measurements and F47

Fair Value Measurements and Fair Value of Financial Instruments, Carrying Amount and Estimated Fair Value (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Jun. 30, 2015
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Securities available-for-sale	$ 95,757	$ 86,034
Securities held-to-maturity	178,960	171,976
Carrying Amount [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents	12,117	15,538
Long term certificate of deposit	1,230	1,230
Securities available-for-sale	95,757	86,034
Securities held-to-maturity	174,560	169,000
Federal Home Loan Bank stock	1,832	2,494
Net loans	460,458	443,496
Accrued interest receivable	3,185	3,026
Deposits	664,308	622,717
Federal Home Loan Bank borrowings	27,000	41,700
Accrued interest payable	65	64
Fair Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents	12,117	15,538
Long term certificate of deposit	1,230	1,230
Securities available-for-sale	95,757	86,034
Securities held-to-maturity	178,960	171,976
Federal Home Loan Bank stock	1,832	2,494
Net loans	469,418	450,437
Accrued interest receivable	3,185	3,026
Deposits	664,495	622,900
Federal Home Loan Bank borrowings	27,042	41,598
Accrued interest payable	65	64
Fair Value [Member] | Level 1 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents	12,117	15,538
Long term certificate of deposit	1,230	1,230
Securities available-for-sale	4,880	4,920
Securities held-to-maturity	0	0
Federal Home Loan Bank stock	0	0
Net loans	0	0
Accrued interest receivable	0	0
Deposits	0	0
Federal Home Loan Bank borrowings	0	0
Accrued interest payable	0	0
Fair Value [Member] | Level 2 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents	0	0
Long term certificate of deposit	0	0
Securities available-for-sale	90,877	81,114
Securities held-to-maturity	178,960	171,976
Federal Home Loan Bank stock	1,832	2,494
Net loans	0	0
Accrued interest receivable	3,185	3,026
Deposits	664,495	622,900
Federal Home Loan Bank borrowings	27,042	41,598
Accrued interest payable	65	64
Fair Value [Member] | Level 3 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents	0	0
Long term certificate of deposit	0	0
Securities available-for-sale	0	0
Securities held-to-maturity	0	0
Federal Home Loan Bank stock	0	0
Net loans	469,418	450,437
Accrued interest receivable	0	0
Deposits	0	0
Federal Home Loan Bank borrowings	0	0
Accrued interest payable	$ 0	$ 0

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Earnings Per Share [Abstract]
Net income	$ 2,150	$ 1,775
Weighted average number of shares outstanding, basic (in shares)	4,223,156	4,214,358
Weighted average number of shares outstanding, effect of dilutive stock options (in shares)	26,224	30,967
Weighted average number of shares outstanding, diluted (in shares)	4,249,380	4,245,325
Earnings per share, basic (in dollars per share)	$ 0.51	$ 0.42
Earnings per share, effect of dilutive stock options (in dollars per share)	0	0
Earnings per share, diluted (in dollars per share)	$ 0.51	$ 0.42
Antidilutive securities or contracts outstanding (in shares)	0	0

Dividends (Details)

Dividends (Details) - $ / shares	Jul. 21, 2015	Sep. 30, 2015	Sep. 30, 2014
Dividends Payable [Line Items]
Common stock, dividends, per share, declared (in dollars per share)		$ 0.185	$ 0.180
2015 Q4 Dividend [Member]
Dividends Payable [Line Items]
Common stock, dividends, per share, declared (in dollars per share)	$ 0.185
Dividends payable, date declared		Jul. 21, 2015
Dividends payable, date of record		Aug. 14, 2015
Dividends payable, date to be paid		Aug. 31, 2015
2015 Annual Dividend [Member]
Dividends Payable [Line Items]
Common stock, dividends, per share, declared (in dollars per share)	0.72
2016 Annual Dividend [Member]
Dividends Payable [Line Items]
Common stock, dividends, per share, declared (in dollars per share)	$ 0.74

Employee Benefit Plans (Details

Employee Benefit Plans (Details)	3 Months Ended
	Sep. 30, 2015USD ($)Installment	Sep. 30, 2014USD ($)	Jun. 30, 2015USD ($)
Defined Benefit Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Interest cost	$ 58,000	$ 55,000
Expected return on plan assets	(77,000)	(81,000)
Amortization of net loss	34,000	26,000
Net periodic pension cost	$ 15,000	0
Supplemental Executive Retirement Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Vesting period	10 years
Period in which lump sum benefit will be paid in the event of death, disability or termination	2 years
Number of Annual installments, benefit will be paid | Installment	10
Company contributions associated with the contribution plan	$ 58,000	$ 48,000
Postemployment Benefits Liability	$ 1,600,000		$ 1,400,000
Supplemental Executive Retirement Plan [Member] | Deferred Base Salary [Member]
Defined Benefit Plan Disclosure [Line Items]
Maximum annual deferral per employee	50.00%
Supplemental Executive Retirement Plan [Member] | Deferred Annual Bonus [Member]
Defined Benefit Plan Disclosure [Line Items]
Maximum annual deferral per employee	100.00%

Stock-Based Compensation (Detai

Stock-Based Compensation (Details)	3 Months Ended
	Sep. 30, 2015Plan$ / sharesshares	Sep. 30, 2014$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of stock-based compensation plans | Plan	2
Stock option activity, shares [Roll Forward]
Options granted (in shares)	0	0
Stock Option Plan [Member]
Stock option activity, shares [Roll Forward]
Outstanding at beginning of year (in shares)	47,835	59,435
Exercised (in shares)	(2,100)	(3,100)
Outstanding at period end (in shares)	45,735	56,335
Exercisable at period end (in shares)	45,735	56,335
Stock option activity, weighted average exercise price per share [Abstract]
Outstanding at beginning of year (in dollars per share) | $ / shares	$ 12.50	$ 12.50
Exercised (in dollars per share) | $ / shares	12.50	12.50
Outstanding at period end (in dollars per share) | $ / shares	12.50	12.50
Exercisable at period end (in dollars per share) | $ / shares	$ 12.50	$ 12.50

Stock-Based Compensation, Stock

Stock-Based Compensation, Stock Options Outstanding and Exercisable (Details) - USD ($)	3 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Total intrinsic value of options exercised	$ 33,000	$ 44,000
Options granted (in shares)	0	0
$12.50 [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Exercise Price Range, Upper Range Limit (in dollars per share)	$ 12.50
Exercise Price Range, Lower Range Limit (in dollars per share)	$ 12.50
Number Outstanding (in shares)	45,735
Options Outstanding, Weighted Average Remaining Contractual Life	3 years
Options Outstanding, Weighted Average Exercise Price (in dollars per share)	$ 12.50
Options Exercisable, Weighted Average Remaining Contractual Life	3 years
Options Exercisable, Weighted Average Exercise Price (in dollars per share)	$ 12.50

Stock-Based Compensation, Phant

Stock-Based Compensation, Phantom Stock Option Plan and Long-term Incentive Plan (Details) - USD ($)	3 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Stock option activity, shares [Roll Forward]
Options granted (in shares)	0	0
2011 Phantom Stock Option and Long-term Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized under the plan (in shares)	1,800,000			900,000
Stock option activity, shares [Roll Forward]
Outstanding at beginning of year (in shares)	628,754	665,426
Options granted (in shares)	246,880	241,090
Options paid in cash upon vesting (in shares)	(198,357)	(227,484)
Outstanding at period end (in shares)	677,277	679,032
Cash paid on options vested	$ 710,500	$ 757,700
Allocated share-based compensation expense	180,000	$ 170,000
Total liability for the long-term incentive plan	$ 610,000		$ 1,100,000
2011 Phantom Stock Option and Long-term Incentive Plan [Member] | Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Strike price of phantom stock options as percent of book value	100.00%

Accumulated Other Comprehensi54

Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Jun. 30, 2015
Accumulated Other Comprehensive Loss [Abstract]
Unrealized gain on available-for-sale securities, net of tax	$ 738	$ 704
Unrealized loss on securities transferred to held-to-maturity, net of tax	(5)	(11)
Net losses and past service liability for defined benefit plan, net of tax	(1,491)	(1,491)
Accumulated other comprehensive loss	$ (758)	$ (798)

Subsequent events (Details)

Subsequent events (Details) - $ / shares	Oct. 20, 2015	Jul. 21, 2015	Sep. 30, 2015	Sep. 30, 2014
Subsequent Event [Line Items]
Common stock, dividends, per share, declared (in dollars per share)			$ 0.185	$ 0.180
Dividend Declared in Q1 2016 [Member]
Subsequent Event [Line Items]
Dividends payable, date declared			Oct. 20, 2015
Dividends payable, date of record			Nov. 13, 2015
Dividends payable, date to be paid			Nov. 30, 2015
Dividend Declared 2016 Annual [Member]
Subsequent Event [Line Items]
Common stock, dividends, per share, declared (in dollars per share)		$ 0.74
Subsequent Event [Member] | Dividend Declared in Q1 2016 [Member]
Subsequent Event [Line Items]
Common stock, dividends, per share, declared (in dollars per share)	$ 0.185
Subsequent Event [Member] | Dividend Declared 2016 Annual [Member]
Subsequent Event [Line Items]
Annual dividend rate per share (in dollars per share)	$ 0.74