Greene County Bancorp (GCBC) 10-Q 13 May 16 2016 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Mar. 31, 2016	May. 13, 2016
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		8,474,414
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q3
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2016

Consolidated Statements of Fina

Consolidated Statements of Financial Condition (Unaudited) - USD ($) $ in Thousands	Mar. 31, 2016	Jun. 30, 2015
ASSETS
Total cash and cash equivalents	$ 39,136	$ 15,538
Long term certificate of deposit	2,210	1,230
Securities available-for-sale, at fair value	103,246	86,034
Securities held-to-maturity, at amortized cost (fair value $197,652 at March 31, 2016; $171,976 at June 30, 2015)	191,576	169,000
Federal Home Loan Bank stock, at cost	1,531	2,494
Loans	501,182	450,755
Allowance for loan losses	(8,988)	(8,142)
Unearned origination fees and costs, net	937	883
Net loans receivable	493,131	443,496
Premises and equipment	14,225	14,515
Accrued interest receivable	3,649	3,026
Foreclosed real estate	370	847
Prepaid expenses and other assets	2,311	2,467
Total assets	851,385	738,647
LIABILITIES AND SHAREHOLDERS' EQUITY
Noninterest-bearing deposits	84,688	73,359
Interest-bearing deposits	665,621	549,358
Total deposits	750,309	622,717
Borrowings from Federal Home Loan Bank, short-term	0	22,900
Borrowings from Federal Home Loan Bank, long-term	20,300	18,800
Accrued expenses and other liabilities	7,791	7,310
Total liabilities	778,400	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 - 8,611,340 shares at March 31, 2016, and 4,305,670 shares at June 30, 2015; Outstanding 8,474,414 shares at March 31, 2016, and 4,222,357 shares at June 30, 2015	861	431
Additional paid-in capital	10,870	11,220
Retained earnings	62,256	56,696
Accumulated other comprehensive loss	(485)	(798)
Treasury stock, at cost 136,926 shares at March 31, 2016, and 83,313 shares at June 30, 2015	(517)	(629)
Total shareholders' equity	72,985	66,920
Total liabilities and shareholders' equity	$ 851,385	$ 738,647

Consolidated Statements of Fin3

Consolidated Statements of Financial Condition (Unaudited) (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2016	Jun. 30, 2015
ASSETS
Securities held-to-maturity, fair value	$ 197,652	$ 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)	8,611,340	4,305,670
Common stock, shares outstanding (in shares)	8,474,414	4,222,357
Treasury stock, shares (in shares)	136,926	83,313

Consolidated Statements of Inco

Consolidated Statements of Income (Unaudited) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Mar. 31, 2016	Mar. 31, 2015	Mar. 31, 2016	Mar. 31, 2015
Interest income:
Loans		$ 5,565	$ 4,996	$ 16,337	$ 14,779
Investment securities - taxable		151	135	424	412
Mortgage-backed securities		743	731	2,296	2,177
Investment securities - tax exempt		770	602	2,167	1,734
Interest-bearing deposits and federal funds sold		34	3	38	13
Total interest income		7,263	6,467	21,262	19,115
Interest expense:
Interest on deposits		574	503	1,645	1,504
Interest on borrowings		78	76	247	200
Total interest expense		652	579	1,892	1,704
Net interest income		6,611	5,888	19,370	17,411
Provision for loan losses		421	416	1,138	1,132
Net interest income after provision for loan losses		6,190	5,472	18,232	16,279
Noninterest income:
Service charges on deposit accounts		670	623	2,153	2,069
Debit card fees		438	404	1,343	1,248
Investment services		89	95	260	284
E-commerce fees		29	23	70	76
Other operating income		136	106	560	483
Total noninterest income		1,362	1,251	4,386	4,160
Noninterest expense:
Salaries and employee benefits		2,736	2,439	7,674	7,196
Occupancy expense		383	458	1,079	1,126
Equipment and furniture expense		138	150	376	403
Service and data processing fees		499	430	1,417	1,272
Computer software, supplies and support		106	90	335	429
Advertising and promotion		71	88	266	220
FDIC insurance premiums		103	101	307	293
Legal and professional fees		269	208	806	800
Other		443	490	1,735	1,488
Total noninterest expense		4,748	4,454	13,995	13,227
Income before provision for income taxes		2,804	2,269	8,623	7,212
Provision for income taxes		643	485	1,992	1,842
Net income		$ 2,161	$ 1,784	$ 6,631	$ 5,370
Basic earnings per share (in dollars per share)	[1]	$ 0.26	$ 0.21	$ 0.78	$ 0.64
Basic average shares outstanding (in shares)	[1]	8,464,392	8,441,880	8,454,147	8,434,894
Diluted earnings per share (in dollars per share)	[1]	$ 0.25	$ 0.21	$ 0.78	$ 0.63
Diluted average shares outstanding (in shares)	[1]	8,484,209	8,501,046	8,469,732	8,496,114
Dividends per share (in dollars per share)	[1]	$ 0.0925	$ 0.0900	$ 0.2775	$ 0.2700
[1]	Share and per share data for 2015 have been adjusted for 2-for-1 stock split

Consolidated Statements of Inc5

Consolidated Statements of Income (Unaudited) (Parenthetical)	3 Months Ended	9 Months Ended
	Mar. 31, 2015	Mar. 31, 2016	Mar. 31, 2015
Consolidated Statements of Income (Unaudited) [Abstract]
Stock split ratio	2	2	2

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Mar. 31, 2016	Mar. 31, 2015
Consolidated Statements of Comprehensive Income (Unaudited) [Abstract]
Net Income	$ 2,161	$ 1,784	$ 6,631	$ 5,370
Other comprehensive income:
Unrealized holding gains on available-for-sale securities, net of income taxes	326	280	305	422
Accretion of unrealized loss on securities transferred to held-to-maturity, net of income taxes	1	31	8	190
Total other comprehensive income, net of taxes	327	311	313	612
Comprehensive income	$ 2,488	$ 2,095	$ 6,944	$ 5,982

Consolidated Statements of Com7

Consolidated Statements of Comprehensive Income (Unaudited) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Mar. 31, 2016	Mar. 31, 2015
Other comprehensive income:
Unrealized holding gains on available-for-sale securities, income taxes	$ 206	$ 177	$ 192	$ 266
Accretion of unrealized loss on securities transferred to held-to-maturity, income taxes	$ 1	$ 19	$ 5	$ 120

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 Loss [Member]	Treasury Stock [Member]	Total
Balance at Jun. 30, 2014		$ 431	$ 11,208	$ 51,305	$ (1,050)	$ (694)	$ 61,200
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Options exercised			43			65	108
Tax benefit of stock based compensation			16				16
Dividends declared	[1]			(1,453)			(1,453)
Net income				5,370			5,370
Other comprehensive income, net of taxes					612		612
Balance at Mar. 31, 2015		431	11,267	55,222	(438)	(629)	65,853
Balance at Jun. 30, 2015		431	11,220	56,696	(798)	(629)	66,920
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Options exercised			74			112	186
Tax benefit of stock based compensation			6				6
2-for-1 Stock Split	[2]	430	(430)				0
Dividends declared	[1]			(1,071)			(1,071)
Net income				6,631			6,631
Other comprehensive income, net of taxes					313		313
Balance at Mar. 31, 2016		$ 861	$ 10,870	$ 62,256	$ (485)	$ (517)	$ 72,985
[1]	Dividends declared were $0.2775 per share and $0.27 per share for the nine months ended March 31, 2016 and 2015, adjusted for 2-for-1 stock split. This is based on total number of shares outstanding. However, Greene County Bancorp, MHC, the owner of 54.4% of the Company's shares outstanding at March 31, 2016, waived its right to receive dividends during the nine months ended March 31, 2016 and the six months ended December 31, 2014. Dividends were paid to the MHC during the three months ended March 31, 2015. The MHC's ability to waive the receipt of dividends is dependent upon annual approval of its members as well as receiving the non-objection of the Federal Reserve Board.
[2]	On March 15, 2016, the Company issued an additional 4,305,670 shares at a par value of $0.10 per share as a result of the payment of a 2-for-1 stock split.

Consolidated Statements of Cha9

Consolidated Statements of Changes in Shareholders' Equity (Parenthetical)		Mar. 15, 2016$ / sharesshares	Mar. 31, 2016$ / shares	Mar. 31, 2016$ / shares
Consolidated Statements of Changes in Shareholders' Equity (Unaudited) [Abstract]
Additional stock issued, stock split (in shares) | shares		4,305,670
Common stock, par value (in dollars per share)		$ 0.10	$ 0.10	$ 0.10
Stock split ratio				2
Dividends per share (in dollars per share)	[1]		$ 0.0925	$ 0.2775
Ownership percentage			54.40%	54.40%
[1]	Share and per share data for 2015 have been adjusted for 2-for-1 stock split

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Cash flows from operating activities:
Net Income	$ 6,631	$ 5,370
Adjustments to reconcile net income to net cash provided by operating activities
Depreciation	471	400
Deferred income tax benefit	(1,697)	(539)
Net amortization of premiums and discounts	498	880
Net amortization of deferred loan costs and fees	289	276
Provision for loan losses	1,138	1,132
Losses on sale and write-downs of foreclosed real estate	177	101
Excess tax benefit from share based compensation	(6)	(16)
Net increase in accrued income taxes	1,632	2,295
Net increase in accrued interest receivable	(623)	(494)
Net increase in prepaid and other assets	(149)	(1,067)
Net decrease in other liabilities	660	383
Net cash provided by operating activities	9,021	8,721
Securities available-for-sale:
Proceeds from maturities	30,899	3,250
Purchases of securities	(51,069)	(23,507)
Principal payments on securities	3,292	4,612
Securities held-to-maturity:
Proceeds from maturities	6,745	12,847
Purchases of securities	(36,011)	(15,594)
Principal payments on securities	6,368	6,427
Net redemption of Federal Home Loan Bank Stock	963	207
Purchase of long term certificate of deposit	(980)	(980)
Net increase in loans receivable	(51,446)	(38,343)
Proceeds from sale of foreclosed real estate	684	302
Purchases of premises and equipment	(181)	(516)
Net cash used by investing activities	(90,736)	(51,295)
Cash flows from financing activities
Net decrease in short-term FHLB advances	(22,900)	(3,150)
Proceeds from long-term FHLB advances	1,500	2,800
Payment of cash dividends	(1,071)	(1,453)
Proceeds from issuance of stock options	186	108
Excess tax benefit from share based compensation	6	16
Net increase in deposits	127,592	55,267
Net cash provided by financing activities	105,313	53,588
Net increase in cash and cash equivalents	23,598	11,014
Cash and cash equivalents at beginning of period	15,538	13,809
Cash and cash equivalents at end of period	39,136	24,823
Non-cash investing activities:
Foreclosed loans transferred to foreclosed real estate	384	934
Cash paid during period for:
Interest	1,880	1,700
Income taxes	$ 2,057	$ 86

Basis of Presentation

Basis of Presentation	9 Months Ended
	Mar. 31, 2016
Basis of Presentation [Abstract]
Basis of Presentation	(1) Basis of Presentation Within the accompanying unaudited consolidated statement of financial condition, 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 nine and three months ended March 31, 2016 and 2015 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 nine and three months ended March 31, 2016, 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	9 Months Ended
	Mar. 31, 2016
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	9 Months Ended
	Mar. 31, 2016
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	9 Months Ended
	Mar. 31, 2016
Securities [Abstract]
Securities	(4) Securities Securities at March 31, 2016 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 $ 4,592 $ 293 $ - $ 4,885 State and political subdivisions 63,238 8 - 63,246 Mortgage-backed securities-residential 6,738 159 13 6,884 Mortgage-backed securities-multi-family 22,933 959 1 23,891 Asset-backed securities 5 - 1 4 Corporate debt securities 4,033 154 6 4,181 Total debt securities 101,539 1,573 21 103,091 Equity securities 62 93 - 155 Total securities available-for-sale 101,601 1,666 21 103,246 Securities held-to-maturity: U.S. government sponsored enterprises 2,000 14 - 2,014 State and political subdivisions 97,729 3,410 7 101,132 Mortgage-backed securities-residential 15,072 621 - 15,693 Mortgage-backed securities-multi-family 73,587 2,047 23 75,611 Corporate debt securities 1,000 - - 1,000 Other securities 2,188 15 1 2,202 Total securities held-to-maturity 191,576 6,107 31 197,652 Total securities $ 293,177 $ 7,773 $ 52 $ 300,898 Securities at June 30, 2015 consisted of the following: (In thousands) Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Estimated 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 March 31, 2016, 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 March 31, 2016. 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 $ 2,406 $ 13 2 $ - $ - $ 2,406 $ 13 2 Mortgage-backed securities-multi-family 1,876 1 1 - - 1,876 1 1 Asset-backed securities - - - 4 1 1 4 1 1 Corporate debt securities - - - 494 6 1 494 6 1 Total securities available-for-sale 4,282 14 3 498 7 2 4,780 21 5 Securities held-to-maturity: State and political subdivisions 969 6 11 26 1 1 995 7 12 Mortgage-backed securities-multi-family 6,333 23 5 - - - 6,333 23 5 Other securities - - - 161 1 1 161 1 1 Total securities held-to-maturity 7,302 29 16 187 2 2 7,489 31 18 Total securities $ 11,584 $ 43 19 $ 685 $ 9 4 $ 12,269 $ 52 23 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 March 31, 2016. 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 nine and three months ended March 31, 2016 and 2015, there were no sales of securities and no gains or losses were recognized. There was no other-than-temporary impairment loss recognized during the nine and three months ended March 31, 2016 and 2015. The estimated fair values of debt securities at March 31, 2016, 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 $ 63,694 $ 63,723 After one year through five years 8,169 8,589 After five years through ten years - - After ten years - - Total available-for-sale debt securities 71,863 72,312 Mortgage-backed and asset-backed securities 29,676 30,779 Equity securities 62 155 Total available-for-sale securities 101,601 103,246 Held-to-maturity debt securities Within one year 14,012 14,201 After one year through five years 52,959 54,390 After five years through ten years 25,455 26,601 After ten years 10,491 11,156 Total held-to-maturity debt securities 102,917 106,348 Mortgage-backed 88,659 91,304 Total held-to-maturity securities 191,576 197,652 Total securities $ 293,177 $ 300,898 As of March 31, 2016 and June 30, 2015, respectively, securities with an aggregate fair value of $277.4 million and $223.1 million were pledged as collateral for deposits in excess of FDIC insurance limits for various municipalities placing deposits with Greene County Commercial Bank. As of March 31, 2016 and June 30, 2015, securities with an aggregate fair value of $4.2 million and $4.8 million, respectively, were pledged as collateral for potential borrowings at the Federal Reserve Bank discount window. Greene County Bancorp, Inc. did not participate in any securities lending programs during the nine months ended March 31, 2016 or 2015. 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 nine and three months ended March 31, 2016 or 2015.

Loans and Allowance for Loan Lo

Loans and Allowance for Loan Losses	9 Months Ended
	Mar. 31, 2016
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 March 31, 2016 and June 30, 2015 are summarized as follows: (In thousands) March 31, 2016 June 30, 2015 Residential real estate: Residential real estate $ 232,330 $ 226,648 Residential construction and land 5,267 3,621 Multi-family 3,848 4,287 Commercial real estate: Commercial real estate 176,210 142,323 Commercial construction 12,140 8,936 Consumer loan: Home equity 21,322 21,019 Consumer installment 4,084 4,123 Commercial loans 45,981 39,798 Total gross loans 501,182 450,755 Allowance for loan losses (8,988 ) (8,142 ) Deferred fees and costs 937 883 Loans receivable, net $ 493,131 $ 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 land, and multi-family 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. Commercial loans consist of installment loans and lines of credit issued to business. 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 March 31, 2016 are shown below. ( In thousands Performing Watch Special Mention Substandard Total Residential real estate $ 229,813 $ 591 $ 95 $ 1,831 $ 232,330 Residential construction and land 5,267 - - - 5,267 Multi-family 3,748 - - 100 3,848 Commercial real estate 173,544 319 535 1,812 176,210 Commercial construction 12,140 - - - 12,140 Home equity 21,303 1 13 5 21,322 Consumer installment 4,083 1 - - 4,084 Commercial loans 44,820 - 712 449 45,981 Total gross loans $ 494,718 $ 912 $ 1,355 $ 4,197 $ 501,182 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 March 31, 2016 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 March 31, 2016 and June 30, 2015. Loans on nonaccrual status totaled $3.7 million at March 31, 2016, of which $1.5 million were in the process of foreclosure. Of total loans in process of foreclosure, $923,000 consisted of residential real estate and home equity loans. Included in nonaccrual loans were $2.2 million of loans which were less than 90 days past due at March 31, 2016, 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 $78,000 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 March 31, 2016: (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 $ 1,595 $ 286 $ 997 $ 2,878 $ 229,452 $ 232,330 $ 1,214 Residential construction and land 23 - - 23 5,244 5,267 - Multi-family - - - - 3,848 3,848 - Commercial real estate 1,211 - 590 1,801 174,409 176,210 2,231 Commercial construction - - - - 12,140 12,140 - Home equity 79 14 5 98 21,224 21,322 18 Consumer installment - 1 - 1 4,083 4,084 - Commercial loans 268 - - 268 45,713 45,981 205 Total gross loans $ 3,176 $ 301 $ 1,592 $ 5,069 $ 496,113 $ 501,182 $ 3,668 The following table sets forth information regarding delinquent and/or nonaccrual loans as of June 30, 2015: (In thousands) 30-59 days 60-89 90 days Total 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 $78,000 and $84,000 as of March 31, 2016 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 borrowers have made arrangements with the Bank to bring the loans current within a specified time period and have made a series of payments as agreed. The table below details additional information related to nonaccrual loans for the nine and three months ended March 31: For the nine months ended March 31, For the three months ended March 31 (In thousands) 2016 2015 2016 2015 Interest income that would have been recorded if loans had been performing in accordance with original terms $ 222 $ 246 $ 63 $ 47 Interest income that was recorded on nonaccrual loans 137 127 38 42 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 March 31, 2016 For the nine months ended March 31, 2016 For the three months ended March 31, 2016 (In thousands) Recorded Investment Unpaid Principal Related Allowance Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized With no related allowance recorded: Residential real estate $ 266 $ 266 $ - $ 235 $ 5 $ 171 $ 3 Commercial real estate 1,027 1,234 - 1,105 22 1,028 5 Home equity 5 5 - 62 1 5 - Impaired loans with no allowance 1,298 1,505 - 1,402 28 1,204 8 With an allowance recorded: Residential real estate 1,464 1,464 273 1,395 45 1,399 17 Commercial real estate 407 407 61 514 21 410 9 Commercial loans 87 87 2 90 4 88 1 Impaired loans with allowance 1,958 1,958 336 1,999 70 1,897 27 Total impaired: Residential real estate 1,730 1,730 273 1,630 50 1,570 20 Commercial real estate 1,434 1,641 61 1,619 43 1,438 14 Home equity 5 5 - 62 1 5 - Commercial loans 87 87 2 90 4 88 1 Total impaired loans $ 3,256 $ 3,463 $ 336 $ 3,401 $ 98 $ 3,101 $ 35 As of June 30, 2015 For the nine months ended March 31, 2015 For the three months ended March 31, 2015 (In thousands) Recorded Investment Unpaid Principal Related Allowance Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized With no related allowance recorded: Residential real estate $ 432 $ 432 $ - $ 500 $ 26 $ 716 $ 13 Commercial real estate 1,206 1,412 - 890 31 1,409 18 Home equity 154 154 - 69 1 48 1 Commercial loans - - 167 9 500 9 Impaired loans with no allowance 1,792 1,998 - 1,626 67 2,673 41 With an allowance recorded: Residential real estate 1,411 1,411 263 2,345 63 2,061 16 Commercial real estate 895 895 187 1,935 53 1,203 11 Home equity - - - 178 - 133 - Commercial loans 93 93 1 432 21 97 1 Impaired loans with allowance 2,399 2,399 451 4,890 137 3,494 28 Total impaired: Residential mortgage 1,843 1,843 263 2,845 89 2,777 29 Nonresidential mortgage 2,101 2,307 187 2,825 84 2,612 29 Home equity 154 154 - 247 1 181 1 Commercial loans 93 93 1 599 30 597 10 Total impaired loans $ 4,191 $ 4,397 $ 451 $ 6,516 $ 204 $ 6,167 $ 69 The table below details loans that have been modified as a troubled debt restructuring during the nine months ended March 31, 2016 and 2015. (D ollars in thousands) Number of Contracts Pre-Modification Outstanding Recorded Investment Post-Modification Outstanding Recorded Investment Current Outstanding Recorded Investment Nine months ended March 31, 2016 Residential real estate - $ - $ - $ - Nine months ended March 31, 2015 Residential real estate 1 $ 164 $ 184 $ 184 There were no loans modified as a troubled debt restructuring during the three months ended March 31, 2016 and 2015. 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 nine and three months ended March 31, 2016 or 2015, 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 March 31, 2016 (In thousands) Balance at December 31, 2015 Charge-offs Recoveries Provision Balance at March 31, 2016 Residential real estate $ 2,392 $ - $ - $ 29 $ 2,421 Residential construction and land 70 - - 1 71 Multi-family 25 - - (3 ) 22 Commercial real estate 4,020 - - 377 4,397 Commercial construction 331 - - (17 ) 314 Home equity 305 - - - 305 Consumer installment 188 50 25 29 192 Commercial loans 1,272 19 - 7 1,260 Unallocated 8 - - (2 ) 6 Total $ 8,611 $ 69 $ 25 $ 421 $ 8,988 Activity for the nine months ended March 31, 2016 (In thousands) Balance at June 30, 2015 Charge-offs Recoveries Provision Balance at March 31, 2016 Residential real estate $ 2,454 $ - $ - $ (33 ) $ 2,421 Residential construction and land 50 - - 21 71 Multi-family 40 - - (18 ) 22 Commercial real estate 3,699 162 17 843 4,397 Commercial construction 233 - - 81 314 Home equity 314 - - (9 ) 305 Consumer installment 223 193 65 97 192 Commercial loans 1,129 19 - 150 1,260 Unallocated - - - 6 6 Total $ 8,142 $ 374 $ 82 $ 1,138 $ 8,988 Allowance for Loan Losses Loans Receivable Ending Balance March 31, 2016 Impairment Analysis Ending Balance March 31, 2016 Impairment Analysis (In thousands) Individually Evaluated Collectively Evaluated Individually Evaluated Collectively Evaluated Residential real estate $ 273 $ 2,148 $ 1,730 $ 230,600 Residential construction and land - 71 - 5,267 Multi-family - 22 - 3,848 Commercial real estate 61 4,336 1,434 174,776 Commercial construction - 314 - 12,140 Home equity - 305 5 21,317 Consumer installment - 192 - 4,084 Commercial loans 2 1,258 87 45,894 Unallocated - 6 - - Total $ 336 $ 8,652 $ 3,256 $ 497,926 Activity for the three months ended March 31, 2015 (In thousands) Balance at December 31, 2014 Charge-offs Recoveries Provision Balance at March 31, 2015 Residential real estate $ 2,589 $ 53 $ 6 $ (43 ) $ 2,499 Residential construction and land 3,467 127 - 228 3,568 Multi-family 51 - - 2 53 Commercial real estate 148 - - 7 155 Commercial construction 44 - - (2 ) 42 Home equity 372 121 - 53 304 Consumer installment 244 73 20 15 206 Commercial loans 881 42 2 156 997 Unallocated - - - - - Total $ 7,796 $ 416 $ 28 $ 416 $ 7,824 Activity for the nine months ended March 31, 2015 (In thousands) Balance at June 30, 2014 Charge-offs Recoveries Provision Balance at March 31, 2015 Residential real estate $ 2,731 $ 295 $ 6 $ 57 $ 2,499 Residential construction and land 2,936 127 - 759 3,568 Multi-family 42 - - 11 53 Commercial real estate 38 - - 117 155 Commercial construction 59 - - (17 ) 42 Home equity 361 121 - 64 304 Consumer installment 240 194 44 116 206 Commercial loans 811 48 8 226 997 Unallocated 201 - - (201 ) - Total $ 7,419 $ 785 $ 58 $ 1,132 $ 7,824 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	9 Months Ended
	Mar. 31, 2016
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 March 31, 2016 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 Quoted Prices In Active Markets For Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs (In thousands) March 31, 2016 (Level 1) (Level 2) (Level 3) Assets: U.S. Government sponsored enterprises $ 4,885 $ - $ 4,885 $ - State and political subdivisions 63,246 - 63,246 - Mortgage-backed securities-residential 6,884 - 6,884 - Mortgage-backed securities-multi-family 23,891 - 23,891 - Asset-backed securities 4 4 - - Corporate debt securities 4,181 4,181 - - Equity securities 155 155 - - Securities available-for-sale $ 103,246 $ 4,340 $ 98,906 $ - Fair Value Measurements Using Quoted Prices Significant Significant Unobservable Inputs (In thousands) June 30, 2015 (Level 1) (Level 2) (Level 3) 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) March 31, 2016 Impaired loans $ 488 $ - $ - $ 488 Foreclosed real estate 370 - - 370 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 March 31, 2016 Impaired Loans $ 488 Appraisal of collateral (1) Appraisal adjustments (2) 16.50%-38.85 % 21.01 % Liquidation expenses (3) 4.09%-8.35 % 4.92 % Foreclosed real estate 370 Appraisal of collateral (1) Appraisal adjustments (2) 0.00%-54.17 % 8.83 % Liquidation expenses (3) 0.42%-12.67 % 7.81 % 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 March 31, 2016, loans subject to nonrecurring fair value measurement had a recorded investment of $656,000 with related allowances of $168,000. 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 March 31, 2016 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) March 31, 2016 Fair Value Measurements Using Carrying Amount Fair Value (Level 1) (Level 2) (Level 3) Cash and cash equivalents $ 39,136 $ 39,136 $ 39,136 $ - $ - Long term certificate of deposit 2,210 2,210 2,210 - - Securities available-for-sale 103,246 103,246 4,340 98,906 - Securities held-to-maturity 191,576 197,652 - 197,652 - Federal Home Loan Bank stock 1,531 1,531 - 1,531 - Net loans 493,131 502,476 - - 502,476 Accrued interest receivable 3,649 3,649 - 3,649 - Deposits 750,309 750,500 - 750,500 - Federal Home Loan Bank borrowings 20,300 20,390 - 20,390 - Accrued interest payable 76 76 - 76 - (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	9 Months Ended
	Mar. 31, 2016
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 nine and three months ended March 31, 2016 and 2015. On February 17, 2016, the Company announced that its Board of Directors has declared a two-for-one stock split on the Company’s common stock. The stock split was paid on March 15, 2016 to stockholders of record as of March 7, 2016. Net Income Weighted Average Number Of Shares Outstanding Earnings per Share Nine months ended March 31, 2016 $ 6,631,000 Basic 8,454,147 $ 0.78 Effect of dilutive stock options 15,585 - Diluted 8,469,732 $ 0.78 Nine months ended March 31, 2015 $ 5,370,000 Basic 8,434,894 $ 0.64 Effect of dilutive stock options 61,220 (.01 ) Diluted 8,496,114 $ 0.63 Three months ended March 31, 2016 $ 2,161,000 Basic 8,464,392 $ $ 0.26 Effect of dilutive stock options 19,817 (.01 ) Diluted 8,484,209 $ $ 0.25 Three months ended March 31, 2015 $ 1,784,000 Basic 8,441,880 $ $ 0.21 Effect of dilutive stock options 59,166 - Diluted 8,501,046 $ $ 0.21

Dividends

Dividends	9 Months Ended
	Mar. 31, 2016
Dividends [Abstract]
Dividends	(8) Dividends On February 17, 2016, the Board of Directors declared a two-for-one stock split on the Company’s common stock. The stock split was paid on March 15, 2016 to stockholders of record as of March 7, 2016. On January 19, 2016, the Board of Directors declared a cash dividend for the quarter ended December 31, 2015 of $0.0925 per share on Greene County Bancorp, Inc.’s common stock, adjusted for the stock split. The dividend reflects an annual cash dividend rate of $0.37 per share, adjusted for the stock split, which was the same rate as the dividend declared during the previous quarter. The dividend was payable to stockholders of record as of February 12, 2016, and was paid on March 1, 2016. The MHC waived its receipt of this dividend.

Impact of Recent Accounting Pro

Impact of Recent Accounting Pronouncements	9 Months Ended
	Mar. 31, 2016
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 January 2016, the FASB issued an Update (ASU 2016-01) to its guidance on “Financial Instruments (Subtopic 825-10)”. This amendment addresses certain aspects of recognition, measurement, presentation, and disclosure of financial instruments. These amendments require equity securities to be measured at fair value with changes in the fair value to be recognized through net income. The amendments also simplify the impairment assessment of equity investments without readily determinable fair values by requiring assessment for impairment qualitatively at each reporting period. For public business entities, the amendments in this Update are effective for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. Early adoption of the amendments in this Update is not permitted. The adoption of this guidance is not expected to have a material impact on our consolidated results of operations or financial position. In February 2016, the FASB issued an Update (ASU 2016-02) to its guidance on “Leases (Topic 842)”. The new leases standard applies a right-of-use (ROU) model that requires a lessee to record, for all leases with a lease term of more than 12 months, an asset representing its right to use the underlying asset and a liability to make lease payments. For leases with a term of 12 months or less, a practical expedient is available whereby a lessee may elect, by class of underlying asset, not to recognize an ROU asset or lease liability. The new leases standard requires a lessor to classify leases as either sales-type, direct financing or operating, similar to existing U.S. GAAP. Classification depends on the same five criteria used by lessees plus certain additional factors. The subsequent accounting treatment for all three lease types is substantially equivalent to existing U.S. GAAP for sales-type leases, direct financing leases, and operating leases. However, the new standard updates certain aspects of the lessor accounting model to align it with the new lessee accounting model, as well as with the new revenue standard under Topic 606. Lessees and lessors are required to provide certain qualitative and quantitative disclosures to enable users of financial statements to assess the amount, timing, and uncertainty of cash flows arising from leases. The amendments are effective for public business entities for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. Early adoption is permitted. The Company is currently evaluating the potential impact on our consolidated results of operations or financial position. In March 2016, the FASB issued an Update (ASU 2016-09) to its guidance on “Compensation – Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting”. This amendment is intended to simplify the accounting for stock compensation. The areas for simplification in this Update involve several aspects of the accounting for share-based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities, and classification on the statement of cash flows. For public business entities, the amendments in this Update are effective for annual periods beginning after December 15, 2016, and interim periods within those annual periods. Early adoption is permitted for any entity in any interim or annual period. The adoption of this guidance is not expected to have a material impact on our consolidated results of operations or financial position.

Employee Benefit Plans

Employee Benefit Plans	9 Months Ended
	Mar. 31, 2016
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 nine and three months ended March 31, 2016 and 2015 were as follows: Nine months ended March 31, Three months ended March 31, (In thousands) 2016 2015 2016 2015 Interest cost $ 174 $ 165 $ 58 $ 55 Expected return on plan assets (231 ) (243 ) (77 ) (81 ) Amortization of net loss 102 78 34 26 Net periodic pension cost $ 45 $ - $ 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 nine and three months ended March 31, 2016 were $183,000 and $63,000, respectively, and for the nine and three months ended March 31, 2015 were $151,000 and $52,000, respectively, consisting primarily of service costs and interest costs. The total liability for the SERP Plan was $1.8 million and $1.4 million as of March 31, 2016 and June 30, 2015, respectively.

Stock-Based Compensation

Stock-Based Compensation	9 Months Ended
	Mar. 31, 2016
Stock-Based Compensation [Abstract]
Stock-Based Compensation	(11) Stock-Based Compensation At March 31, 2016, 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 March 31, 2016 and 2015, 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 nine months ended March 31, 2016 and 2015 is as follows (all share and per share data has been restated in all periods presented to reflect the 2-for-1 stock split, which was paid on March 15, 2016, as if the new share options had been granted at the same time as the original share options): 2016 2015 Shares Weighted Average Exercise Price Per Share Shares Weighted Average Exercise Price Per Share Outstanding at beginning of year 95,670 $ 6.25 118,870 $ 6.25 Exercised (29,700 ) $ 6.25 (17,200 ) $ 6.25 Outstanding at period end 65,970 $ 6.25 101,670 $ 6.25 Exercisable at period end 65,970 $ 6.25 101,670 $ 6.25 The following table presents stock options outstanding and exercisable at March 31, 2016: Options Outstanding and Exercisable Range of Exercise Prices Number Outstanding Weighted Average Remaining Contractual Life Weighted Average Exercise Price $ 6.25 65,970 2.50 $ 6.25 The total intrinsic value of the options exercised during the nine and three months ended March 31, 2016 was approximately $325,000 and $210,000, respectively. The total intrinsic value of the options exercised during the nine and three months ended March 31, 2015 was approximately $135,000 and $58,000, respectively. There were no stock options granted during the nine months ended March 31, 2016 or 2015. All outstanding options were fully vested at March 31, 2016 and 2015. 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, to 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. Effective March 15, 2016, as a result of a two-for-one stock split, the number of phantom stock options available for awards was increased to 3,600,000. 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 nine months ended March 31, 2016 and 2015 is as follows (adjusted for our 2-for-1 stock split): 2016 2015 Number of options outstanding at beginning of year 1,257,508 1,330,852 Options granted 493,760 470,760 Options paid in cash upon vesting (396,714 ) (516,744 ) Number of options outstanding at period end 1,354,554 1,284,868 The Company paid out $710,500 and $808,600 in cash during the nine months ended March 31, 2016 and 2015, respectively, on options vested. There were no option payments made during the three months ended March 31, 2016 and payments of $50,900 in cash made during the three months ended March 31, 2015 on options vested. The Company recognized $710,000 and $290,000 in compensation costs related to the phantom stock option plan during the nine and three months ended March 31, 2016, respectively. The Company recognized $570,000 and $190,000 in compensation costs related to the phantom stock option plan during the nine and three months ended March 31, 2015, respectively. The total liability for the long-term incentive plan was $1.1 million as of March 31, 2016 and June 30, 2015.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	9 Months Ended
	Mar. 31, 2016
Accumulated Other Comprehensive Loss [Abstract]
Accumulated Other Comprehensive Loss	(12) Accumulated Other Comprehensive Loss The components of accumulated other comprehensive loss as of March 31, 2016 and June 30, 2015 are presented in the following table: (In thousands) Accumulated other comprehensive (loss) income: March 31, 2016 June 30, 2015 Unrealized gain on available-for-sale securities, net of tax $ 1,009 $ 704 Unrealized loss on securities transferred to held-to-maturity, net of tax (3 ) (11 ) Net losses and past service liability for defined benefit plan, net of tax (1,491 ) (1,491 ) Accumulated other comprehensive loss $ (485 ) $ (798 )

Subsequent events

Subsequent events	9 Months Ended
	Mar. 31, 2016
Subsequent events [Abstract]
Subsequent events	(13) Subsequent events On April 19, 2016, the Board of Directors declared a cash dividend for the quarter ended March 31, 2016 of $0.0925 per share on Greene County Bancorp, Inc.’s common stock. The dividend reflects an annual cash dividend rate of $0.37 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 May 13, 2016, and is expected to be paid on or about June 1, 2016. The MHC has historically waived its right to receive cash dividends from the Company. However, for purposes of cash flow and liquidity, the MHC does not intend to waive its receipt of these dividends to be paid by the Company for the quarter ended March 31, 2016.

Foreclosed Real Estate

Foreclosed Real Estate	9 Months Ended
	Mar. 31, 2016
Foreclosed Real Estate [Abstract]
Foreclosed Real Estate	(14) Foreclosed Real Estate The following table sets forth information regarding foreclosed real estate as of March 31, 2016 and June 30, 2015: (in thousands) March 31, 2016 June 30, 2015 Residential real estate $ 61 $ 847 Land 65 - Commercial real estate 244 - Total foreclosed real estate $ 370 $ 847

Basis of Presentation (Policies

Basis of Presentation (Policies)	9 Months Ended
	Mar. 31, 2016
Basis of Presentation [Abstract]
Basis of Presentation	Within the accompanying unaudited consolidated statement of financial condition, 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 nine and three months ended March 31, 2016 and 2015 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 nine and three months ended March 31, 2016, 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.

Use of Estimates (Policies)

Use of Estimates (Policies)	9 Months Ended
	Mar. 31, 2016
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. 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)	9 Months Ended
	Mar. 31, 2016
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 nine and three months ended March 31, 2016 or 2015.

Impact of Recent Accounting P28

Impact of Recent Accounting Pronouncements (Policies)	9 Months Ended
	Mar. 31, 2016
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 January 2016, the FASB issued an Update (ASU 2016-01) to its guidance on “Financial Instruments (Subtopic 825-10)”. This amendment addresses certain aspects of recognition, measurement, presentation, and disclosure of financial instruments. These amendments require equity securities to be measured at fair value with changes in the fair value to be recognized through net income. The amendments also simplify the impairment assessment of equity investments without readily determinable fair values by requiring assessment for impairment qualitatively at each reporting period. For public business entities, the amendments in this Update are effective for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. Early adoption of the amendments in this Update is not permitted. The adoption of this guidance is not expected to have a material impact on our consolidated results of operations or financial position. In February 2016, the FASB issued an Update (ASU 2016-02) to its guidance on “Leases (Topic 842)”. The new leases standard applies a right-of-use (ROU) model that requires a lessee to record, for all leases with a lease term of more than 12 months, an asset representing its right to use the underlying asset and a liability to make lease payments. For leases with a term of 12 months or less, a practical expedient is available whereby a lessee may elect, by class of underlying asset, not to recognize an ROU asset or lease liability. The new leases standard requires a lessor to classify leases as either sales-type, direct financing or operating, similar to existing U.S. GAAP. Classification depends on the same five criteria used by lessees plus certain additional factors. The subsequent accounting treatment for all three lease types is substantially equivalent to existing U.S. GAAP for sales-type leases, direct financing leases, and operating leases. However, the new standard updates certain aspects of the lessor accounting model to align it with the new lessee accounting model, as well as with the new revenue standard under Topic 606. Lessees and lessors are required to provide certain qualitative and quantitative disclosures to enable users of financial statements to assess the amount, timing, and uncertainty of cash flows arising from leases. The amendments are effective for public business entities for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. Early adoption is permitted. The Company is currently evaluating the potential impact on our consolidated results of operations or financial position. In March 2016, the FASB issued an Update (ASU 2016-09) to its guidance on “Compensation – Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting”. This amendment is intended to simplify the accounting for stock compensation. The areas for simplification in this Update involve several aspects of the accounting for share-based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities, and classification on the statement of cash flows. For public business entities, the amendments in this Update are effective for annual periods beginning after December 15, 2016, and interim periods within those annual periods. Early adoption is permitted for any entity in any interim or annual period. The adoption of this guidance is not expected to have a material impact on our consolidated results of operations or financial position.

Securities (Tables)

Securities (Tables)	9 Months Ended
	Mar. 31, 2016
Securities [Abstract]
Components of Securities	Securities at March 31, 2016 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 $ 4,592 $ 293 $ - $ 4,885 State and political subdivisions 63,238 8 - 63,246 Mortgage-backed securities-residential 6,738 159 13 6,884 Mortgage-backed securities-multi-family 22,933 959 1 23,891 Asset-backed securities 5 - 1 4 Corporate debt securities 4,033 154 6 4,181 Total debt securities 101,539 1,573 21 103,091 Equity securities 62 93 - 155 Total securities available-for-sale 101,601 1,666 21 103,246 Securities held-to-maturity: U.S. government sponsored enterprises 2,000 14 - 2,014 State and political subdivisions 97,729 3,410 7 101,132 Mortgage-backed securities-residential 15,072 621 - 15,693 Mortgage-backed securities-multi-family 73,587 2,047 23 75,611 Corporate debt securities 1,000 - - 1,000 Other securities 2,188 15 1 2,202 Total securities held-to-maturity 191,576 6,107 31 197,652 Total securities $ 293,177 $ 7,773 $ 52 $ 300,898 Securities at June 30, 2015 consisted of the following: (In thousands) Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Estimated 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
Securities in Continuous Unrealized Loss Position	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 March 31, 2016. 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 $ 2,406 $ 13 2 $ - $ - $ 2,406 $ 13 2 Mortgage-backed securities-multi-family 1,876 1 1 - - 1,876 1 1 Asset-backed securities - - - 4 1 1 4 1 1 Corporate debt securities - - - 494 6 1 494 6 1 Total securities available-for-sale 4,282 14 3 498 7 2 4,780 21 5 Securities held-to-maturity: State and political subdivisions 969 6 11 26 1 1 995 7 12 Mortgage-backed securities-multi-family 6,333 23 5 - - - 6,333 23 5 Other securities - - - 161 1 1 161 1 1 Total securities held-to-maturity 7,302 29 16 187 2 2 7,489 31 18 Total securities $ 11,584 $ 43 19 $ 685 $ 9 4 $ 12,269 $ 52 23 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 March 31, 2016, 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 $ 63,694 $ 63,723 After one year through five years 8,169 8,589 After five years through ten years - - After ten years - - Total available-for-sale debt securities 71,863 72,312 Mortgage-backed and asset-backed securities 29,676 30,779 Equity securities 62 155 Total available-for-sale securities 101,601 103,246 Held-to-maturity debt securities Within one year 14,012 14,201 After one year through five years 52,959 54,390 After five years through ten years 25,455 26,601 After ten years 10,491 11,156 Total held-to-maturity debt securities 102,917 106,348 Mortgage-backed 88,659 91,304 Total held-to-maturity securities 191,576 197,652 Total securities $ 293,177 $ 300,898

Loans and Allowance for Loan 30

Loans and Allowance for Loan Losses (Tables)	9 Months Ended
	Mar. 31, 2016
Loans and Allowance for Loan Losses [Abstract]
Major Loan Segments and Classes	Loan segments and classes at March 31, 2016 and June 30, 2015 are summarized as follows: (In thousands) March 31, 2016 June 30, 2015 Residential real estate: Residential real estate $ 232,330 $ 226,648 Residential construction and land 5,267 3,621 Multi-family 3,848 4,287 Commercial real estate: Commercial real estate 176,210 142,323 Commercial construction 12,140 8,936 Consumer loan: Home equity 21,322 21,019 Consumer installment 4,084 4,123 Commercial loans 45,981 39,798 Total gross loans 501,182 450,755 Allowance for loan losses (8,988 ) (8,142 ) Deferred fees and costs 937 883 Loans receivable, net $ 493,131 $ 443,496
Loan Balances by Internal Credit Quality Indicator	Loan balances by internal credit quality indicator as of March 31, 2016 are shown below. ( In thousands Performing Watch Special Mention Substandard Total Residential real estate $ 229,813 $ 591 $ 95 $ 1,831 $ 232,330 Residential construction and land 5,267 - - - 5,267 Multi-family 3,748 - - 100 3,848 Commercial real estate 173,544 319 535 1,812 176,210 Commercial construction 12,140 - - - 12,140 Home equity 21,303 1 13 5 21,322 Consumer installment 4,083 1 - - 4,084 Commercial loans 44,820 - 712 449 45,981 Total gross loans $ 494,718 $ 912 $ 1,355 $ 4,197 $ 501,182 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 March 31, 2016: (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 $ 1,595 $ 286 $ 997 $ 2,878 $ 229,452 $ 232,330 $ 1,214 Residential construction and land 23 - - 23 5,244 5,267 - Multi-family - - - - 3,848 3,848 - Commercial real estate 1,211 - 590 1,801 174,409 176,210 2,231 Commercial construction - - - - 12,140 12,140 - Home equity 79 14 5 98 21,224 21,322 18 Consumer installment - 1 - 1 4,083 4,084 - Commercial loans 268 - - 268 45,713 45,981 205 Total gross loans $ 3,176 $ 301 $ 1,592 $ 5,069 $ 496,113 $ 501,182 $ 3,668 The following table sets forth information regarding delinquent and/or nonaccrual loans as of June 30, 2015: (In thousands) 30-59 days 60-89 90 days Total 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 nine and three months ended March 31: For the nine months ended March 31, For the three months ended March 31 (In thousands) 2016 2015 2016 2015 Interest income that would have been recorded if loans had been performing in accordance with original terms $ 222 $ 246 $ 63 $ 47 Interest income that was recorded on nonaccrual loans 137 127 38 42
Impaired Loans by Loan Portfolio Class	The tables below detail additional information on impaired loans at the date or periods indicated: As of March 31, 2016 For the nine months ended March 31, 2016 For the three months ended March 31, 2016 (In thousands) Recorded Investment Unpaid Principal Related Allowance Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized With no related allowance recorded: Residential real estate $ 266 $ 266 $ - $ 235 $ 5 $ 171 $ 3 Commercial real estate 1,027 1,234 - 1,105 22 1,028 5 Home equity 5 5 - 62 1 5 - Impaired loans with no allowance 1,298 1,505 - 1,402 28 1,204 8 With an allowance recorded: Residential real estate 1,464 1,464 273 1,395 45 1,399 17 Commercial real estate 407 407 61 514 21 410 9 Commercial loans 87 87 2 90 4 88 1 Impaired loans with allowance 1,958 1,958 336 1,999 70 1,897 27 Total impaired: Residential real estate 1,730 1,730 273 1,630 50 1,570 20 Commercial real estate 1,434 1,641 61 1,619 43 1,438 14 Home equity 5 5 - 62 1 5 - Commercial loans 87 87 2 90 4 88 1 Total impaired loans $ 3,256 $ 3,463 $ 336 $ 3,401 $ 98 $ 3,101 $ 35 As of June 30, 2015 For the nine months ended March 31, 2015 For the three months ended March 31, 2015 (In thousands) Recorded Investment Unpaid Principal Related Allowance Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized With no related allowance recorded: Residential real estate $ 432 $ 432 $ - $ 500 $ 26 $ 716 $ 13 Commercial real estate 1,206 1,412 - 890 31 1,409 18 Home equity 154 154 - 69 1 48 1 Commercial loans - - 167 9 500 9 Impaired loans with no allowance 1,792 1,998 - 1,626 67 2,673 41 With an allowance recorded: Residential real estate 1,411 1,411 263 2,345 63 2,061 16 Commercial real estate 895 895 187 1,935 53 1,203 11 Home equity - - - 178 - 133 - Commercial loans 93 93 1 432 21 97 1 Impaired loans with allowance 2,399 2,399 451 4,890 137 3,494 28 Total impaired: Residential mortgage 1,843 1,843 263 2,845 89 2,777 29 Nonresidential mortgage 2,101 2,307 187 2,825 84 2,612 29 Home equity 154 154 - 247 1 181 1 Commercial loans 93 93 1 599 30 597 10 Total impaired loans $ 4,191 $ 4,397 $ 451 $ 6,516 $ 204 $ 6,167 $ 69
Troubled Debt Restructurings	The table below details loans that have been modified as a troubled debt restructuring during the nine months ended March 31, 2016 and 2015. (D ollars in thousands) Number of Contracts Pre-Modification Outstanding Recorded Investment Post-Modification Outstanding Recorded Investment Current Outstanding Recorded Investment Nine months ended March 31, 2016 Residential real estate - $ - $ - $ - Nine months ended March 31, 2015 Residential real estate 1 $ 164 $ 184 $ 184
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 March 31, 2016 (In thousands) Balance at December 31, 2015 Charge-offs Recoveries Provision Balance at March 31, 2016 Residential real estate $ 2,392 $ - $ - $ 29 $ 2,421 Residential construction and land 70 - - 1 71 Multi-family 25 - - (3 ) 22 Commercial real estate 4,020 - - 377 4,397 Commercial construction 331 - - (17 ) 314 Home equity 305 - - - 305 Consumer installment 188 50 25 29 192 Commercial loans 1,272 19 - 7 1,260 Unallocated 8 - - (2 ) 6 Total $ 8,611 $ 69 $ 25 $ 421 $ 8,988 Activity for the nine months ended March 31, 2016 (In thousands) Balance at June 30, 2015 Charge-offs Recoveries Provision Balance at March 31, 2016 Residential real estate $ 2,454 $ - $ - $ (33 ) $ 2,421 Residential construction and land 50 - - 21 71 Multi-family 40 - - (18 ) 22 Commercial real estate 3,699 162 17 843 4,397 Commercial construction 233 - - 81 314 Home equity 314 - - (9 ) 305 Consumer installment 223 193 65 97 192 Commercial loans 1,129 19 - 150 1,260 Unallocated - - - 6 6 Total $ 8,142 $ 374 $ 82 $ 1,138 $ 8,988 Allowance for Loan Losses Loans Receivable Ending Balance March 31, 2016 Impairment Analysis Ending Balance March 31, 2016 Impairment Analysis (In thousands) Individually Evaluated Collectively Evaluated Individually Evaluated Collectively Evaluated Residential real estate $ 273 $ 2,148 $ 1,730 $ 230,600 Residential construction and land - 71 - 5,267 Multi-family - 22 - 3,848 Commercial real estate 61 4,336 1,434 174,776 Commercial construction - 314 - 12,140 Home equity - 305 5 21,317 Consumer installment - 192 - 4,084 Commercial loans 2 1,258 87 45,894 Unallocated - 6 - - Total $ 336 $ 8,652 $ 3,256 $ 497,926 Activity for the three months ended March 31, 2015 (In thousands) Balance at December 31, 2014 Charge-offs Recoveries Provision Balance at March 31, 2015 Residential real estate $ 2,589 $ 53 $ 6 $ (43 ) $ 2,499 Residential construction and land 3,467 127 - 228 3,568 Multi-family 51 - - 2 53 Commercial real estate 148 - - 7 155 Commercial construction 44 - - (2 ) 42 Home equity 372 121 - 53 304 Consumer installment 244 73 20 15 206 Commercial loans 881 42 2 156 997 Unallocated - - - - - Total $ 7,796 $ 416 $ 28 $ 416 $ 7,824 Activity for the nine months ended March 31, 2015 (In thousands) Balance at June 30, 2014 Charge-offs Recoveries Provision Balance at March 31, 2015 Residential real estate $ 2,731 $ 295 $ 6 $ 57 $ 2,499 Residential construction and land 2,936 127 - 759 3,568 Multi-family 42 - - 11 53 Commercial real estate 38 - - 117 155 Commercial construction 59 - - (17 ) 42 Home equity 361 121 - 64 304 Consumer installment 240 194 44 116 206 Commercial loans 811 48 8 226 997 Unallocated 201 - - (201 ) - Total $ 7,419 $ 785 $ 58 $ 1,132 $ 7,824 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 F31

Fair Value Measurements and Fair Value of Financial Instruments (Tables)	9 Months Ended
	Mar. 31, 2016
Fair Value Measurements and Fair Value of Financial Instruments [Abstract]
Assets Measured at Fair Value 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 Quoted Prices In Active Markets For Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs (In thousands) March 31, 2016 (Level 1) (Level 2) (Level 3) Assets: U.S. Government sponsored enterprises $ 4,885 $ - $ 4,885 $ - State and political subdivisions 63,246 - 63,246 - Mortgage-backed securities-residential 6,884 - 6,884 - Mortgage-backed securities-multi-family 23,891 - 23,891 - Asset-backed securities 4 4 - - Corporate debt securities 4,181 4,181 - - Equity securities 155 155 - - Securities available-for-sale $ 103,246 $ 4,340 $ 98,906 $ - Fair Value Measurements Using Quoted Prices Significant Significant Unobservable Inputs (In thousands) June 30, 2015 (Level 1) (Level 2) (Level 3) 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 $ -
Assets and Liabilities Measured at Fair Value on Nonrecurring Basis	The cash flows of the restructured debt have been discounted by the original interest rate prior to the restructuring of the loan to establish the fair value and is therefore classified as Level 3. Fair Value Measurements Using (In thousands) Fair Value (Level 1) (Level 2) (Level 3) March 31, 2016 Impaired loans $ 488 $ - $ - $ 488 Foreclosed real estate 370 - - 370 June 30, 2015 Impaired loans $ 922 $ - $ - $ 922 Foreclosed real estate 490 - - 490
Additional Quantitative Information about Assets Measured at Fair Value on Nonrecurring Basis	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 March 31, 2016 Impaired Loans $ 488 Appraisal of collateral (1) Appraisal adjustments (2) 16.50%-38.85 % 21.01 % Liquidation expenses (3) 4.09%-8.35 % 4.92 % Foreclosed real estate 370 Appraisal of collateral (1) Appraisal adjustments (2) 0.00%-54.17 % 8.83 % Liquidation expenses (3) 0.42%-12.67 % 7.81 % 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 of Financial Instruments	The carrying amounts and estimated fair value of financial instruments are as follows: (In thousands) March 31, 2016 Fair Value Measurements Using Carrying Amount Fair Value (Level 1) (Level 2) (Level 3) Cash and cash equivalents $ 39,136 $ 39,136 $ 39,136 $ - $ - Long term certificate of deposit 2,210 2,210 2,210 - - Securities available-for-sale 103,246 103,246 4,340 98,906 - Securities held-to-maturity 191,576 197,652 - 197,652 - Federal Home Loan Bank stock 1,531 1,531 - 1,531 - Net loans 493,131 502,476 - - 502,476 Accrued interest receivable 3,649 3,649 - 3,649 - Deposits 750,309 750,500 - 750,500 - Federal Home Loan Bank borrowings 20,300 20,390 - 20,390 - Accrued interest payable 76 76 - 76 - (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)	9 Months Ended
	Mar. 31, 2016
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	Weighted-average number of shares and earnings per share have been restated in all periods presented as if the new shares had been issued and outstanding at the same time as the original shares. Net Income Weighted Average Number Of Shares Outstanding Earnings per Share Nine months ended March 31, 2016 $ 6,631,000 Basic 8,454,147 $ 0.78 Effect of dilutive stock options 15,585 - Diluted 8,469,732 $ 0.78 Nine months ended March 31, 2015 $ 5,370,000 Basic 8,434,894 $ 0.64 Effect of dilutive stock options 61,220 (.01 ) Diluted 8,496,114 $ 0.63 Three months ended March 31, 2016 $ 2,161,000 Basic 8,464,392 $ $ 0.26 Effect of dilutive stock options 19,817 (.01 ) Diluted 8,484,209 $ $ 0.25 Three months ended March 31, 2015 $ 1,784,000 Basic 8,441,880 $ $ 0.21 Effect of dilutive stock options 59,166 - Diluted 8,501,046 $ $ 0.21

Employee Benefit Plans (Tables)

Employee Benefit Plans (Tables)	9 Months Ended
	Mar. 31, 2016
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 nine and three months ended March 31, 2016 and 2015 were as follows: Nine months ended March 31, Three months ended March 31, (In thousands) 2016 2015 2016 2015 Interest cost $ 174 $ 165 $ 58 $ 55 Expected return on plan assets (231 ) (243 ) (77 ) (81 ) Amortization of net loss 102 78 34 26 Net periodic pension cost $ 45 $ - $ 15 $ -

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	9 Months Ended
	Mar. 31, 2016
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 nine months ended March 31, 2016 and 2015 is as follows (all share and per share data has been restated in all periods presented to reflect the 2-for-1 stock split, which was paid on March 15, 2016, as if the new share options had been granted at the same time as the original share options): 2016 2015 Shares Weighted Average Exercise Price Per Share Shares Weighted Average Exercise Price Per Share Outstanding at beginning of year 95,670 $ 6.25 118,870 $ 6.25 Exercised (29,700 ) $ 6.25 (17,200 ) $ 6.25 Outstanding at period end 65,970 $ 6.25 101,670 $ 6.25 Exercisable at period end 65,970 $ 6.25 101,670 $ 6.25
Schedule of Options Outstanding and Exercisable	The following table presents stock options outstanding and exercisable at March 31, 2016: Options Outstanding and Exercisable Range of Exercise Prices Number Outstanding Weighted Average Remaining Contractual Life Weighted Average Exercise Price $ 6.25 65,970 2.50 $ 6.25
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 nine months ended March 31, 2016 and 2015 is as follows (adjusted for our 2-for-1 stock split): 2016 2015 Number of options outstanding at beginning of year 1,257,508 1,330,852 Options granted 493,760 470,760 Options paid in cash upon vesting (396,714 ) (516,744 ) Number of options outstanding at period end 1,354,554 1,284,868

Accumulated Other Comprehensi35

Accumulated Other Comprehensive Loss (Tables)	9 Months Ended
	Mar. 31, 2016
Accumulated Other Comprehensive Loss [Abstract]
Components of Accumulated Other Comprehensive Loss	The components of accumulated other comprehensive loss as of March 31, 2016 and June 30, 2015 are presented in the following table: (In thousands) Accumulated other comprehensive (loss) income: March 31, 2016 June 30, 2015 Unrealized gain on available-for-sale securities, net of tax $ 1,009 $ 704 Unrealized loss on securities transferred to held-to-maturity, net of tax (3 ) (11 ) Net losses and past service liability for defined benefit plan, net of tax (1,491 ) (1,491 ) Accumulated other comprehensive loss $ (485 ) $ (798 )

Foreclosed Real Estate (Tables)

Foreclosed Real Estate (Tables)	9 Months Ended
	Mar. 31, 2016
Foreclosed Real Estate [Abstract]
Schedule of Foreclosed Real Estate	The following table sets forth information regarding foreclosed real estate as of March 31, 2016 and June 30, 2015: (in thousands) March 31, 2016 June 30, 2015 Residential real estate $ 61 $ 847 Land 65 - Commercial real estate 244 - Total foreclosed real estate $ 370 $ 847

Nature of Operations (Details)

Nature of Operations (Details)	Mar. 31, 2016OfficeSubsidiary
Nature of Operations [Abstract]
Number of full-service offices | Office	13
Number of subsidiaries | Subsidiary	2

Securities, Unrealized Gain (Lo

Securities, Unrealized Gain (Loss) on Investments (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Jun. 30, 2015
Available-for-sale debt securities [Abstract]
Amortized cost	$ 101,539	$ 84,824
Gross unrealized gains	1,573	1,139
Gross unrealized losses	21	66
Estimated fair value	103,091	85,897
Available-for-sale equity securities and other [Abstract]
Amortized cost	62	62
Gross unrealized gains	93	75
Gross unrealized losses	0	0
Estimated fair value	155	137
Available-for-sale securities [Abstract]
Amortized cost	101,601	84,886
Gross unrealized gains	1,666	1,214
Gross unrealized losses	21	66
Estimated fair value	103,246	86,034
Held-to-maturity securities [Abstract]
Amortized cost	191,576	169,000
Gross unrealized gains	6,107	3,895
Gross unrealized losses	31	919
Estimated fair value	197,652	171,976
Total Securities [Abstract]
Amortized cost	293,177	253,886
Gross unrealized gains	7,773	5,109
Gross unrealized losses	52	985
Estimated fair value	300,898	258,010
U.S. Government Sponsored Enterprises [Member]
Available-for-sale debt securities [Abstract]
Amortized cost	4,592	7,608
Gross unrealized gains	293	247
Gross unrealized losses	0	0
Estimated fair value	4,885	7,855
State and Political Subdivisions [Member]
Available-for-sale debt securities [Abstract]
Amortized cost	63,238	39,574
Gross unrealized gains	8	9
Gross unrealized losses	0	1
Estimated fair value	63,246	39,582
Mortgage-backed Securities-Residential [Member]
Available-for-sale debt securities [Abstract]
Amortized cost	6,738	7,797
Gross unrealized gains	159	155
Gross unrealized losses	13	10
Estimated fair value	6,884	7,942
Mortgage-backed Securities-Multi-family [Member]
Available-for-sale debt securities [Abstract]
Amortized cost	22,933	25,291
Gross unrealized gains	959	486
Gross unrealized losses	1	42
Estimated fair value	23,891	25,735
Asset-backed Securities [Member]
Available-for-sale debt securities [Abstract]
Amortized cost	5	10
Gross unrealized gains	0	0
Gross unrealized losses	1	1
Estimated fair value	4	9
Corporate Debt Securities [Member]
Available-for-sale debt securities [Abstract]
Amortized cost	4,033	4,544
Gross unrealized gains	154	242
Gross unrealized losses	6	12
Estimated fair value	4,181	4,774
U.S. Government Sponsored Enterprises [Member]
Held-to-maturity securities [Abstract]
Amortized cost	2,000	2,000
Gross unrealized gains	14	0
Gross unrealized losses	0	49
Estimated fair value	2,014	1,951
State and Political Subdivisions [Member]
Held-to-maturity securities [Abstract]
Amortized cost	97,729	81,501
Gross unrealized gains	3,410	2,137
Gross unrealized losses	7	187
Estimated fair value	101,132	83,451
Mortgage-backed Securities-Residential [Member]
Held-to-maturity securities [Abstract]
Amortized cost	15,072	17,468
Gross unrealized gains	621	768
Gross unrealized losses	0	0
Estimated fair value	15,693	18,236
Mortgage-backed Securities-Multi-family [Member]
Held-to-maturity securities [Abstract]
Amortized cost	73,587	67,239
Gross unrealized gains	2,047	990
Gross unrealized losses	23	665
Estimated fair value	75,611	67,564
Corporate Debt Securities [Member]
Held-to-maturity securities [Abstract]
Amortized cost	1,000
Gross unrealized gains	0
Gross unrealized losses	0
Estimated fair value	1,000
Other Securities [Member]
Held-to-maturity securities [Abstract]
Amortized cost	2,188	792
Gross unrealized gains	15	0
Gross unrealized losses	1	18
Estimated fair value	$ 2,202	$ 774

Securities, Securities in Conti

Securities, Securities in Continuous Unrealized Loss Position (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2016USD ($)Security	Mar. 31, 2015USD ($)	Mar. 31, 2016USD ($)Security	Mar. 31, 2015USD ($)	Jun. 30, 2015USD ($)Security
Available-for-sale Securities, Continuous Unrealized Loss Position [Abstract]
Less than 12 months, fair value	$ 4,282		$ 4,282		$ 3,095
Less than 12 months, unrealized losses	$ 14		$ 14		$ 29
Less than 12 months, number of securities | Security	3		3		3
More than 12 months, fair value	$ 498		$ 498		$ 2,883
More than 12 months, unrealized losses	$ 7		$ 7		$ 37
More than 12 months, number of securities | Security	2		2		5
Total, fair value	$ 4,780		$ 4,780		$ 5,978
Total, unrealized losses	$ 21		$ 21		$ 66
Total, number of securities | Security	5		5		8
Held-to-maturity Securities, Continuous Unrealized Loss Position [Abstract]
Less than 12 months, fair value	$ 7,302		$ 7,302		$ 25,969
Less than 12 months, unrealized losses	$ 29		$ 29		$ 254
Less than 12 months, number of securities | Security	16		16		54
More than 12 months, fair value	$ 187		$ 187		$ 31,561
More than 12 months, unrealized losses	$ 2		$ 2		$ 665
More than 12 months, number of securities | Security	2		2		17
Total, fair value	$ 7,489		$ 7,489		$ 57,530
Total, unrealized losses	$ 31		$ 31		$ 919
Total, number of securities | Security	18		18		71
Total Securities, Continuous Unrealized Loss Position [Abstract]
Less than 12 months, fair value	$ 11,584		$ 11,584		$ 29,064
Less than 12 months, unrealized losses	$ 43		$ 43		$ 283
Less than 12 months, number of securities | Security	19		19		57
More than 12 months, fair value	$ 685		$ 685		$ 34,444
More than 12 months, unrealized losses	$ 9		$ 9		$ 702
More than 12 months, number of securities | Security	4		4		22
Total, fair value	$ 12,269		$ 12,269		$ 63,508
Total, unrealized losses	$ 52		$ 52		$ 985
Total, number of securities | Security	23		23		79
Proceeds from sale of available-for-sale securities, debt	$ 0	$ 0	$ 0	$ 0
Gross realized gains (losses) on sale of available-for-sale securities	0	0	0	0
Other-than-temporary impairment losses	0	$ 0	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	2,406		2,406		$ 0
Less than 12 months, unrealized losses	$ 13		$ 13		$ 0
Less than 12 months, number of securities | Security	2		2		0
More than 12 months, fair value	$ 0		$ 0		$ 1,630
More than 12 months, unrealized losses	0		0		$ 10
More than 12 months, number of securities | Security					1
Total, fair value	2,406		2,406		$ 1,630
Total, unrealized losses	$ 13		$ 13		$ 10
Total, number of securities | Security	2		2		1
Mortgage-backed Securities-Multi-family [Member]
Available-for-sale Securities, Continuous Unrealized Loss Position [Abstract]
Less than 12 months, fair value	$ 1,876		$ 1,876		$ 2,023
Less than 12 months, unrealized losses	$ 1		$ 1		$ 26
Less than 12 months, number of securities | Security	1		1		1
More than 12 months, fair value	$ 0		$ 0		$ 753
More than 12 months, unrealized losses	0		0		$ 16
More than 12 months, number of securities | Security					1
Total, fair value	1,876		1,876		$ 2,776
Total, unrealized losses	$ 1		$ 1		$ 42
Total, number of securities | Security	1		1		2
Asset-backed Securities [Member]
Available-for-sale Securities, Continuous Unrealized Loss Position [Abstract]
Less than 12 months, fair value	$ 0		$ 0		$ 0
Less than 12 months, unrealized losses	$ 0		$ 0		$ 0
Less than 12 months, number of securities | Security	0		0		0
More than 12 months, fair value	$ 4		$ 4		$ 9
More than 12 months, unrealized losses	$ 1		$ 1		$ 1
More than 12 months, number of securities | Security	1		1		1
Total, fair value	$ 4		$ 4		$ 9
Total, unrealized losses	$ 1		$ 1		$ 1
Total, number of securities | Security	1		1		1
Corporate Debt Securities [Member]
Available-for-sale Securities, Continuous Unrealized Loss Position [Abstract]
Less than 12 months, fair value	$ 0		$ 0		$ 273
Less than 12 months, unrealized losses	$ 0		$ 0		$ 2
Less than 12 months, number of securities | Security	0		0		1
More than 12 months, fair value	$ 494		$ 494		$ 491
More than 12 months, unrealized losses	$ 6		$ 6		$ 10
More than 12 months, number of securities | Security	1		1		2
Total, fair value	$ 494		$ 494		$ 764
Total, unrealized losses	$ 6		$ 6		$ 12
Total, number of securities | Security	1		1		3
U.S. Government Sponsored Enterprises [Member]
Held-to-maturity Securities, Continuous Unrealized Loss Position [Abstract]
Less than 12 months, fair value					$ 0
Less than 12 months, unrealized losses					$ 0
Less than 12 months, number of securities | Security					0
More than 12 months, fair value					$ 1,951
More than 12 months, unrealized losses					$ 49
More than 12 months, number of securities | Security					1
Total, fair value					$ 1,951
Total, unrealized losses	$ 0		$ 0		$ 49
Total, number of securities | Security					1
State and Political Subdivisions [Member]
Held-to-maturity Securities, Continuous Unrealized Loss Position [Abstract]
Less than 12 months, fair value	969		969		$ 11,171
Less than 12 months, unrealized losses	$ 6		$ 6		$ 143
Less than 12 months, number of securities | Security	11		11		49
More than 12 months, fair value	$ 26		$ 26		$ 1,221
More than 12 months, unrealized losses	$ 1		$ 1		$ 44
More than 12 months, number of securities | Security	1		1		9
Total, fair value	$ 995		$ 995		$ 12,392
Total, unrealized losses	$ 7		$ 7		$ 187
Total, number of securities | Security	12		12		58
Mortgage-backed Securities-Residential [Member]
Held-to-maturity Securities, Continuous Unrealized Loss Position [Abstract]
Total, unrealized losses	$ 0		$ 0		$ 0
Mortgage-backed Securities-Multi-family [Member]
Held-to-maturity Securities, Continuous Unrealized Loss Position [Abstract]
Less than 12 months, fair value	6,333		6,333		14,464
Less than 12 months, unrealized losses	$ 23		$ 23		$ 100
Less than 12 months, number of securities | Security	5		5		4
More than 12 months, fair value	$ 0		$ 0		$ 28,187
More than 12 months, unrealized losses	$ 0		$ 0		$ 565
More than 12 months, number of securities | Security	0		0		6
Total, fair value	$ 6,333		$ 6,333		$ 42,651
Total, unrealized losses	$ 23		$ 23		$ 665
Total, number of securities | Security	5		5		10
Other Securities [Member]
Held-to-maturity Securities, Continuous Unrealized Loss Position [Abstract]
Less than 12 months, fair value	$ 0		$ 0		$ 334
Less than 12 months, unrealized losses	$ 0		$ 0		$ 11
Less than 12 months, number of securities | Security	0		0		1
More than 12 months, fair value	$ 161		$ 161		$ 202
More than 12 months, unrealized losses	$ 1		$ 1		$ 7
More than 12 months, number of securities | Security	1		1		1
Total, fair value	$ 161		$ 161		$ 536
Total, unrealized losses	$ 1		$ 1		$ 18
Total, number of securities | Security	1		1		2

Securities, Securities by Contr

Securities, Securities by Contractual Maturity (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Jun. 30, 2015
Available-for-sale Debt Securities, Amortized Cost [Abstract]
Within one year	$ 63,694
After one year through five years	8,169
After five years through ten years	0
After ten years	0
Total available for sale debt securities	71,863
Mortgage-backed and asset-backed securities	29,676
Equity securities	62	$ 62
Amortized cost	101,601	84,886
Available-for-sale Debt Securities, Fair Value [Abstract]
Within one year	63,723
After one through five years	8,589
After five through ten years	0
After ten years	0
Total available-for-sale debt securities	72,312
Mortgage-backed and asset-backed securities	30,779
Equity securities	155	137
Estimated fair value	103,246	86,034
Held-to-maturity Debt Securities, Amortized Cost [Abstract]
Within one year	14,012
After one year through five years	52,959
After five years through ten years	25,455
After ten years	10,491
Total held-to-maturity debt securities	102,917
Mortgage-backed	88,659
Amortized cost	191,576	169,000
Held-to-maturity Debt Securities, Fair Value [Abstract]
Within one year	14,201
After one year through five years	54,390
After five years through ten years	26,601
After ten years	11,156
Total held-to-maturity debt securities	106,348
Mortgage-backed	91,304
Estimated fair value	197,652	171,976
Total Securities [Abstract]
Amortized cost	293,177	253,886
Estimated fair value	300,898	258,010
Securities pledged as collateral for deposits in excess of FDIC insurance limits, fair value	277,400	223,100
Securities pledged as collateral for potential borrowings at the Federal Reserve Bank discount window	$ 4,200	$ 4,800

Securities, Federal Home Loan B

Securities, Federal Home Loan Bank Stock (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Mar. 31, 2016	Mar. 31, 2015
Federal Home Loan Bank Stock [Member]
Schedule of Held-to-maturity Securities [Line Items]
Other-than-temporary impairment losses	$ 0	$ 0	$ 0	$ 0

Loans, Major Loan Segments and

Loans, Major Loan Segments and Classes (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Jun. 30, 2014
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total gross loans	$ 501,182		$ 450,755
Allowance for loan losses	(8,988)	$ (8,611)	(8,142)	$ (7,824)	$ (7,796)	$ (7,419)
Deferred fees and costs	937		883
Net loans receivable	493,131		443,496
Residential Real Estate [Member] | Residential Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total gross loans	232,330		226,648
Allowance for loan losses	(2,421)	(2,392)	(2,454)	(2,499)	(2,589)	(2,731)
Residential Real Estate [Member] | Construction and Land [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total gross loans	5,267		3,621
Allowance for loan losses	(71)	(70)	(50)	(3,568)	(3,467)	(2,936)
Residential Real Estate [Member] | Multi-family [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total gross loans	3,848		4,287
Allowance for loan losses	(22)	(25)	(40)	(53)	(51)	(42)
Commercial Real Estate [Member] | Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total gross loans	176,210		142,323
Allowance for loan losses	(4,397)	(4,020)	(3,699)	(155)	(148)	(38)
Commercial Real Estate [Member] | Construction [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total gross loans	12,140		8,936
Allowance for loan losses	(314)	(331)	(233)	(42)	(44)	(59)
Consumer Loan [Member] | Home Equity [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total gross loans	21,322		21,019
Allowance for loan losses	(305)	(305)	(314)	(304)	(372)	(361)
Consumer Loan [Member] | Consumer Installment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total gross loans	4,084		4,123
Allowance for loan losses	(192)	(188)	(223)	(206)	(244)	(240)
Commercial Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total gross loans	45,981		39,798
Allowance for loan losses	$ (1,260)	$ (1,272)	$ (1,129)	$ (997)	$ (881)	$ (811)

Loans and Allowance for Loan 43

Loans and Allowance for Loan Losses, Loan Balances by Internal Credit Quality Indicator (Details) $ in Thousands	9 Months Ended
	Mar. 31, 2016USD ($)Segment	Jun. 30, 2015USD ($)
Financing Receivable, Recorded Investment [Line Items]
Number of segments within loan portfolio | Segment	4
Total gross loans	$ 501,182	$ 450,755
Performing [Member]
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	494,718	442,584
Watch [Member]
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	912	644
Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	1,355	1,942
Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	4,197	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	89.90%
Residential Real Estate [Member] | Residential Mortgage with Private Mortgage Insurance [Member]
Financing Receivable, Recorded Investment [Line Items]
Maximum loan-to-value ratio	95.00%
Residential Real Estate [Member] | Residential Real Estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	$ 232,330	226,648
Residential Real Estate [Member] | Residential Real Estate [Member] | Performing [Member]
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	229,813	224,195
Residential Real Estate [Member] | Residential Real Estate [Member] | Watch [Member]
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	591	638
Residential Real Estate [Member] | Residential Real Estate [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	95	97
Residential Real Estate [Member] | Residential Real Estate [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	1,831	1,718
Residential Real Estate [Member] | Construction and Land [Member]
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	5,267	3,621
Residential Real Estate [Member] | Construction and Land [Member] | Performing [Member]
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	5,267	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	3,848	4,287
Residential Real Estate [Member] | Multi-family [Member] | Performing [Member]
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	3,748	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	100	105
Commercial Real Estate [Member] | Real Estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	176,210	142,323
Commercial Real Estate [Member] | Real Estate [Member] | Performing [Member]
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	173,544	138,468
Commercial Real Estate [Member] | Real Estate [Member] | Watch [Member]
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	319	0
Commercial Real Estate [Member] | Real Estate [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	535	986
Commercial Real Estate [Member] | Real Estate [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	1,812	2,869
Commercial Real Estate [Member] | Construction [Member]
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	12,140	8,936
Commercial Real Estate [Member] | Construction [Member] | Performing [Member]
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	12,140	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	21,322	21,019
Consumer Loan [Member] | Home Equity [Member] | Performing [Member]
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	21,303	20,731
Consumer Loan [Member] | Home Equity [Member] | Watch [Member]
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	1	0
Consumer Loan [Member] | Home Equity [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	13	15
Consumer Loan [Member] | Home Equity [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	5	273
Consumer Loan [Member] | Consumer Installment [Member]
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	4,084	4,123
Consumer Loan [Member] | Consumer Installment [Member] | Performing [Member]
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	4,083	4,117
Consumer Loan [Member] | Consumer Installment [Member] | Watch [Member]
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	1	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	0	0
Commercial Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	45,981	39,798
Commercial Loans [Member] | Performing [Member]
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	44,820	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	712	844
Commercial Loans [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	$ 449	$ 620

Loans and Allowance for Loan 44

Loans and Allowance for Loan Losses, Delinquent and Nonaccrual Loans by Past Due Status (Details) - USD ($)	Mar. 31, 2016	Jun. 30, 2015
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	$ 5,069,000	$ 4,330,000
Current	496,113,000	446,425,000
Total loans	501,182,000	450,755,000
Loans on non-accrual	3,668,000	4,608,000
Loans in the process of foreclosure	1,500,000	1,200,000
Nonaccrual loans with recent history of delinquency greater than 90 days	2,200,000	2,600,000
Nonaccrual loans making payments pursuant to forbearance agreements	78,000
Accruing loans delinquent more than 90 days	78,000	84,000
30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	3,176,000	1,869,000
60 to 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	301,000	336,000
90 Days or More Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	1,592,000	2,125,000
Residential Real Estate and Home Equity [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans in the process of foreclosure	923,000
Residential Real Estate [Member] | Residential Real Estate [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	2,878,000	2,347,000
Current	229,452,000	224,301,000
Total loans	232,330,000	226,648,000
Loans on non-accrual	1,214,000	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	1,595,000	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	286,000	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	997,000	785,000
Residential Real Estate [Member] | Construction and Land [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	23,000	28,000
Current	5,244,000	3,593,000
Total loans	5,267,000	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	23,000	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	3,848,000	4,287,000
Total loans	3,848,000	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	1,801,000	1,472,000
Current	174,409,000	140,851,000
Total loans	176,210,000	142,323,000
Loans on non-accrual	2,231,000	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	1,211,000	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	0	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	590,000	1,132,000
Commercial Real Estate [Member] | Construction [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	0	0
Current	12,140,000	8,936,000
Total loans	12,140,000	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	98,000	277,000
Current	21,224,000	20,742,000
Total loans	21,322,000	21,019,000
Loans on non-accrual	18,000	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	79,000	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	14,000	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	1,000	31,000
Current	4,083,000	4,092,000
Total loans	4,084,000	4,123,000
Loans on non-accrual	0	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	0	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	1,000	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	0	0
Commercial Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	268,000	175,000
Current	45,713,000	39,623,000
Total loans	45,981,000	39,798,000
Loans on non-accrual	205,000	388,000
Commercial Loans [Member] | 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	268,000	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	$ 0	$ 175,000

Loans and Allowance for Loan 45

Loans and Allowance for Loan Losses, Nonaccrual Loans, Interest Income Data (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Mar. 31, 2016	Mar. 31, 2015
Loans and Allowance for Loan Losses [Abstract]
Interest income that would have been recorded if loans had been performing in accordance with original	$ 63	$ 47	$ 222	$ 246
Interest income that was recorded on nonaccrual loans	$ 38	$ 42	$ 137	$ 127

Loans and Allowance for Loan 46

Loans and Allowance for Loan Losses, Impaired Loans By Loan Portfolio Class (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Mar. 31, 2016	Mar. 31, 2015	Jun. 30, 2015
With no related allowance recorded [Abstract]
Recorded investment	$ 1,298		$ 1,298		$ 1,792
Unpaid principal	1,505		1,505		1,998
Average recorded investment	1,204	$ 2,673	1,402	$ 1,626
Interest income recognized	8	41	28	67
With an allowance recorded [Abstract]
Recorded investment	1,958		1,958		2,399
Unpaid principal	1,958		1,958		2,399
Related allowance	336		336		451
Average recorded investment	1,897	3,494	1,999	4,890
Interest income recognized	27	28	70	137
Total impaired [Abstract]
Recorded investment	3,256		3,256		4,191
Unpaid principal	3,463		3,463		4,397
Related allowance	336		336		451
Average recorded investment	3,101	6,167	3,401	6,516
Interest income recognized	35	69	98	204
Residential Real Estate [Member] | Residential Real Estate [Member]
With no related allowance recorded [Abstract]
Recorded investment	266		266		432
Unpaid principal	266		266		432
Average recorded investment	171	716	235	500
Interest income recognized	3	13	5	26
With an allowance recorded [Abstract]
Recorded investment	1,464		1,464		1,411
Unpaid principal	1,464		1,464		1,411
Related allowance	273		273		263
Average recorded investment	1,399	2,061	1,395	2,345
Interest income recognized	17	16	45	63
Total impaired [Abstract]
Recorded investment	1,730		1,730		1,843
Unpaid principal	1,730		1,730		1,843
Related allowance	273		273		263
Average recorded investment	1,570	2,777	1,630	2,845
Interest income recognized	20	29	50	89
Commercial Real Estate [Member] | Real Estate [Member]
With no related allowance recorded [Abstract]
Recorded investment	1,027		1,027		1,206
Unpaid principal	1,234		1,234		1,412
Average recorded investment	1,028	1,409	1,105	890
Interest income recognized	5	18	22	31
With an allowance recorded [Abstract]
Recorded investment	407		407		895
Unpaid principal	407		407		895
Related allowance	61		61		187
Average recorded investment	410	1,203	514	1,935
Interest income recognized	9	11	21	53
Total impaired [Abstract]
Recorded investment	1,434		1,434		2,101
Unpaid principal	1,641		1,641		2,307
Related allowance	61		61		187
Average recorded investment	1,438	2,612	1,619	2,825
Interest income recognized	14	29	43	84
Consumer Loan [Member] | Home Equity [Member]
With no related allowance recorded [Abstract]
Recorded investment	5		5		154
Unpaid principal	5		5		154
Average recorded investment	5	48	62	69
Interest income recognized	0	1	1	1
With an allowance recorded [Abstract]
Recorded investment					0
Unpaid principal					0
Related allowance	0		0		0
Average recorded investment		133		178
Interest income recognized		0		0
Total impaired [Abstract]
Recorded investment	5		5		154
Unpaid principal	5		5		154
Related allowance	0		0		0
Average recorded investment	5	181	62	247
Interest income recognized	0	1	1	1
Commercial Loans [Member]
With no related allowance recorded [Abstract]
Recorded investment					0
Unpaid principal					0
Average recorded investment		500		167
Interest income recognized		9		9
With an allowance recorded [Abstract]
Recorded investment	87		87		93
Unpaid principal	87		87		93
Related allowance	2		2		1
Average recorded investment	88	97	90	432
Interest income recognized	1	1	4	21
Total impaired [Abstract]
Recorded investment	87		87		93
Unpaid principal	87		87		93
Related allowance	2		2		$ 1
Average recorded investment	88	597	90	599
Interest income recognized	$ 1	$ 10	$ 4	$ 30

Loans and Allowance for Loan 47

Loans and Allowance for Loan Losses, Troubled Debt Restructurings (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2016USD ($)Contract	Mar. 31, 2015USD ($)Contract	Mar. 31, 2016USD ($)Contract	Mar. 31, 2015USD ($)Contract
Financing Receivable, Modifications [Line Items]
Number of contracts | Contract	0	0
TDR loans which have subsequently defaulted during the period | Contract	0	0	0	0
Residential Real Estate [Member] | Residential Real Estate [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts | Contract			0	1
Pre-modification outstanding recorded investment | $			$ 0	$ 164
Post-modification outstanding recorded investment | $			0	184
Current outstanding recorded investment | $	$ 0	$ 184	$ 0	$ 184

Loans and Allowance for Loan 48

Loans and Allowance for Loan Losses, Activity and Allocation of Allowance for Loan Losses (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Mar. 31, 2016	Mar. 31, 2015	Jun. 30, 2015
Activity of allowance for loan losses by loan category [Roll Forward]
Balance, beginning of period	$ 8,611	$ 7,796	$ 8,142	$ 7,419
Charge-offs	69	416	374	785
Recoveries	25	28	82	58
Provision	421	416	1,138	1,132
Balance, end of period	8,988	7,824	8,988	7,824
Allocation of allowance for loan losses by loan category [Abstract]
Allowance for loan losses, ending balance, impairment analysis individually evaluated	336		336		$ 451
Allowance for loan losses, ending balance, impairment analysis collectively evaluated	8,652		8,652		7,691
Loans receivable, ending balance, impairment analysis individually evaluated	3,256		3,256		4,191
Loans receivable, ending balance, impairment analysis collectively evaluated	497,926		497,926		446,564
Residential Real Estate [Member] | Residential Real Estate [Member]
Activity of allowance for loan losses by loan category [Roll Forward]
Balance, beginning of period	2,392	2,589	2,454	2,731
Charge-offs	0	53	0	295
Recoveries	0	6	0	6
Provision	29	(43)	(33)	57
Balance, end of period	2,421	2,499	2,421	2,499
Allocation of allowance for loan losses by loan category [Abstract]
Allowance for loan losses, ending balance, impairment analysis individually evaluated	273		273		263
Allowance for loan losses, ending balance, impairment analysis collectively evaluated	2,148		2,148		2,191
Loans receivable, ending balance, impairment analysis individually evaluated	1,730		1,730		1,843
Loans receivable, ending balance, impairment analysis collectively evaluated	230,600		230,600		224,805
Residential Real Estate [Member] | Construction and Land [Member]
Activity of allowance for loan losses by loan category [Roll Forward]
Balance, beginning of period	70	3,467	50	2,936
Charge-offs	0	127	0	127
Recoveries	0	0	0	0
Provision	1	228	21	759
Balance, end of period	71	3,568	71	3,568
Allocation of allowance for loan losses by loan category [Abstract]
Allowance for loan losses, ending balance, impairment analysis individually evaluated	0		0		0
Allowance for loan losses, ending balance, impairment analysis collectively evaluated	71		71		50
Loans receivable, ending balance, impairment analysis individually evaluated	0		0		0
Loans receivable, ending balance, impairment analysis collectively evaluated	5,267		5,267		3,621
Residential Real Estate [Member] | Multi-family [Member]
Activity of allowance for loan losses by loan category [Roll Forward]
Balance, beginning of period	25	51	40	42
Charge-offs	0	0	0	0
Recoveries	0	0	0	0
Provision	(3)	2	(18)	11
Balance, end of period	22	53	22	53
Allocation of allowance for loan losses by loan category [Abstract]
Allowance for loan losses, ending balance, impairment analysis individually evaluated	0		0		0
Allowance for loan losses, ending balance, impairment analysis collectively evaluated	22		22		40
Loans receivable, ending balance, impairment analysis individually evaluated	0		0		0
Loans receivable, ending balance, impairment analysis collectively evaluated	3,848		3,848		4,287
Commercial Real Estate [Member] | Real Estate [Member]
Activity of allowance for loan losses by loan category [Roll Forward]
Balance, beginning of period	4,020	148	3,699	38
Charge-offs	0	0	162	0
Recoveries	0	0	17	0
Provision	377	7	843	117
Balance, end of period	4,397	155	4,397	155
Allocation of allowance for loan losses by loan category [Abstract]
Allowance for loan losses, ending balance, impairment analysis individually evaluated	61		61		187
Allowance for loan losses, ending balance, impairment analysis collectively evaluated	4,336		4,336		3,512
Loans receivable, ending balance, impairment analysis individually evaluated	1,434		1,434		2,101
Loans receivable, ending balance, impairment analysis collectively evaluated	174,776		174,776		140,222
Commercial Real Estate [Member] | Construction [Member]
Activity of allowance for loan losses by loan category [Roll Forward]
Balance, beginning of period	331	44	233	59
Charge-offs	0	0	0	0
Recoveries	0	0	0	0
Provision	(17)	(2)	81	(17)
Balance, end of period	314	42	314	42
Allocation of allowance for loan losses by loan category [Abstract]
Allowance for loan losses, ending balance, impairment analysis individually evaluated	0		0		0
Allowance for loan losses, ending balance, impairment analysis collectively evaluated	314		314		233
Loans receivable, ending balance, impairment analysis individually evaluated	0		0		0
Loans receivable, ending balance, impairment analysis collectively evaluated	12,140		12,140		8,936
Consumer Loan [Member] | Home Equity [Member]
Activity of allowance for loan losses by loan category [Roll Forward]
Balance, beginning of period	305	372	314	361
Charge-offs	0	121	0	121
Recoveries	0	0	0	0
Provision	0	53	(9)	64
Balance, end of period	305	304	305	304
Allocation of allowance for loan losses by loan category [Abstract]
Allowance for loan losses, ending balance, impairment analysis individually evaluated	0		0		0
Allowance for loan losses, ending balance, impairment analysis collectively evaluated	305		305		314
Loans receivable, ending balance, impairment analysis individually evaluated	5		5		154
Loans receivable, ending balance, impairment analysis collectively evaluated	21,317		21,317		20,865
Consumer Loan [Member] | Consumer Installment [Member]
Activity of allowance for loan losses by loan category [Roll Forward]
Balance, beginning of period	188	244	223	240
Charge-offs	50	73	193	194
Recoveries	25	20	65	44
Provision	29	15	97	116
Balance, end of period	192	206	192	206
Allocation of allowance for loan losses by loan category [Abstract]
Allowance for loan losses, ending balance, impairment analysis individually evaluated	0		0		0
Allowance for loan losses, ending balance, impairment analysis collectively evaluated	192		192		223
Loans receivable, ending balance, impairment analysis individually evaluated	0		0		0
Loans receivable, ending balance, impairment analysis collectively evaluated	4,084		4,084		4,123
Commercial Loans [Member]
Activity of allowance for loan losses by loan category [Roll Forward]
Balance, beginning of period	1,272	881	1,129	811
Charge-offs	19	42	19	48
Recoveries	0	2	0	8
Provision	7	156	150	226
Balance, end of period	1,260	997	1,260	997
Allocation of allowance for loan losses by loan category [Abstract]
Allowance for loan losses, ending balance, impairment analysis individually evaluated	2		2		1
Allowance for loan losses, ending balance, impairment analysis collectively evaluated	1,258		1,258		1,128
Loans receivable, ending balance, impairment analysis individually evaluated	87		87		93
Loans receivable, ending balance, impairment analysis collectively evaluated	45,894		45,894		39,705
Unallocated [Member]
Activity of allowance for loan losses by loan category [Roll Forward]
Balance, beginning of period	8	0	0	201
Charge-offs	0	0	0	0
Recoveries	0	0	0	0
Provision	(2)	0	6	(201)
Balance, end of period	6	$ 0	6	$ 0
Allocation of allowance for loan losses by loan category [Abstract]
Allowance for loan losses, ending balance, impairment analysis individually evaluated	0		0		0
Allowance for loan losses, ending balance, impairment analysis collectively evaluated	6		6		0
Loans receivable, ending balance, impairment analysis individually evaluated	0		0		0
Loans receivable, ending balance, impairment analysis collectively evaluated	$ 0		$ 0		$ 0

Fair Value Measurements and F49

Fair Value Measurements and Fair Value of Financial Instruments, Fair Value, Assets Measured on Recurring Basis (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Jun. 30, 2015
Assets [Abstract]
Securities available-for-sale	$ 103,246	$ 86,034
Recurring [Member]
Assets [Abstract]
Securities available-for-sale	103,246	86,034
Recurring [Member] | U.S. Government Sponsored Enterprises [Member]
Assets [Abstract]
Securities available-for-sale	4,885	7,855
Recurring [Member] | State and Political Subdivisions [Member]
Assets [Abstract]
Securities available-for-sale	63,246	39,582
Recurring [Member] | Mortgage-backed Securities-Residential [Member]
Assets [Abstract]
Securities available-for-sale	6,884	7,942
Recurring [Member] | Mortgage-backed Securities-Multi-family [Member]
Assets [Abstract]
Securities available-for-sale	23,891	25,735
Recurring [Member] | Asset-backed Securities [Member]
Assets [Abstract]
Securities available-for-sale	4	9
Recurring [Member] | Corporate Debt Securities [Member]
Assets [Abstract]
Securities available-for-sale	4,181	4,774
Recurring [Member] | Equity Securities [Member]
Assets [Abstract]
Securities available-for-sale	155	137
Recurring [Member] | Level 1 [Member]
Assets [Abstract]
Securities available-for-sale	4,340	4,920
Recurring [Member] | Level 1 [Member] | U.S. Government Sponsored Enterprises [Member]
Assets [Abstract]
Securities available-for-sale	0	0
Recurring [Member] | Level 1 [Member] | State and Political Subdivisions [Member]
Assets [Abstract]
Securities available-for-sale	0	0
Recurring [Member] | Level 1 [Member] | Mortgage-backed Securities-Residential [Member]
Assets [Abstract]
Securities available-for-sale	0	0
Recurring [Member] | Level 1 [Member] | Mortgage-backed Securities-Multi-family [Member]
Assets [Abstract]
Securities available-for-sale	0	0
Recurring [Member] | Level 1 [Member] | Asset-backed Securities [Member]
Assets [Abstract]
Securities available-for-sale	4	9
Recurring [Member] | Level 1 [Member] | Corporate Debt Securities [Member]
Assets [Abstract]
Securities available-for-sale	4,181	4,774
Recurring [Member] | Level 1 [Member] | Equity Securities [Member]
Assets [Abstract]
Securities available-for-sale	155	137
Recurring [Member] | Level 2 [Member]
Assets [Abstract]
Securities available-for-sale	98,906	81,114
Recurring [Member] | Level 2 [Member] | U.S. Government Sponsored Enterprises [Member]
Assets [Abstract]
Securities available-for-sale	4,885	7,855
Recurring [Member] | Level 2 [Member] | State and Political Subdivisions [Member]
Assets [Abstract]
Securities available-for-sale	63,246	39,582
Recurring [Member] | Level 2 [Member] | Mortgage-backed Securities-Residential [Member]
Assets [Abstract]
Securities available-for-sale	6,884	7,942
Recurring [Member] | Level 2 [Member] | Mortgage-backed Securities-Multi-family [Member]
Assets [Abstract]
Securities available-for-sale	23,891	25,735
Recurring [Member] | Level 2 [Member] | Asset-backed Securities [Member]
Assets [Abstract]
Securities available-for-sale	0	0
Recurring [Member] | Level 2 [Member] | Corporate Debt Securities [Member]
Assets [Abstract]
Securities available-for-sale	0	0
Recurring [Member] | Level 2 [Member] | Equity Securities [Member]
Assets [Abstract]
Securities available-for-sale	0	0
Recurring [Member] | Level 3 [Member]
Assets [Abstract]
Securities available-for-sale	0	0
Recurring [Member] | Level 3 [Member] | U.S. Government Sponsored Enterprises [Member]
Assets [Abstract]
Securities available-for-sale	0	0
Recurring [Member] | Level 3 [Member] | State and Political Subdivisions [Member]
Assets [Abstract]
Securities available-for-sale	0	0
Recurring [Member] | Level 3 [Member] | Mortgage-backed Securities-Residential [Member]
Assets [Abstract]
Securities available-for-sale	0	0
Recurring [Member] | Level 3 [Member] | Mortgage-backed Securities-Multi-family [Member]
Assets [Abstract]
Securities available-for-sale	0	0
Recurring [Member] | Level 3 [Member] | Asset-backed Securities [Member]
Assets [Abstract]
Securities available-for-sale	0	0
Recurring [Member] | Level 3 [Member] | Corporate Debt Securities [Member]
Assets [Abstract]
Securities available-for-sale	0	0
Recurring [Member] | Level 3 [Member] | Equity Securities [Member]
Assets [Abstract]
Securities available-for-sale	$ 0	$ 0

Fair Value Measurements and F50

Fair Value Measurements and Fair Value of Financial Instruments, Fair Value, Assets and Liabilities Measured on Nonrecurring Basis (Details) - Nonrecurring [Member] - USD ($) $ in Thousands	Mar. 31, 2016	Jun. 30, 2015
Impaired Loans [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value	$ 488	$ 922
Foreclosed Real Estate [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value	370	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	488	922
Level 3 [Member] | Foreclosed Real Estate [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value	$ 370	$ 490

Fair Value Measurements and F51

Fair Value Measurements and Fair Value of Financial Instruments, Fair Value Inputs, Assets, Quantitative Information (Details) - Nonrecurring [Member] - USD ($)		9 Months Ended	12 Months Ended
		Mar. 31, 2016	Jun. 30, 2015
Fair value inputs [Abstract]
Loans subject to nonrecurring fair value measurement, recorded investment		$ 656,000	$ 1,200,000
Allowance for loan losses		168,000	277,000
Impaired Loans [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Fair value		488,000	922,000
Foreclosed Real Estate [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Fair value		370,000	490,000
Appraisal of Collateral [Member] | Impaired Loans [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Fair value	[1]	$ 488,000	$ 922,000
Appraisal of Collateral [Member] | Impaired Loans [Member] | Minimum [Member]
Fair value inputs [Abstract]
Appraisal adjustments	[1],[2]	16.50%	0.00%
Liquidation expenses	[1],[3]	4.09%	0.00%
Appraisal of Collateral [Member] | Impaired Loans [Member] | Maximum [Member]
Fair value inputs [Abstract]
Appraisal adjustments	[1],[2]	38.85%	38.85%
Liquidation expenses	[1],[3]	8.35%	7.50%
Appraisal of Collateral [Member] | Impaired Loans [Member] | Weighted Average [Member]
Fair value inputs [Abstract]
Appraisal adjustments	[1],[2]	21.01%	22.81%
Liquidation expenses	[1],[3]	4.92%	3.91%
Appraisal of Collateral [Member] | Foreclosed Real Estate [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Fair value	[1]	$ 370,000	$ 490,000
Appraisal of Collateral [Member] | Foreclosed Real Estate [Member] | Minimum [Member]
Fair value inputs [Abstract]
Appraisal adjustments	[1],[2]	0.00%	7.41%
Liquidation expenses	[1],[3]	0.42%	0.42%
Appraisal of Collateral [Member] | Foreclosed Real Estate [Member] | Maximum [Member]
Fair value inputs [Abstract]
Appraisal adjustments	[1],[2]	54.17%	54.17%
Liquidation expenses	[1],[3]	12.67%	10.86%
Appraisal of Collateral [Member] | Foreclosed Real Estate [Member] | Weighted Average [Member]
Fair value inputs [Abstract]
Appraisal adjustments	[1],[2]	8.83%	24.65%
Liquidation expenses	[1],[3]	7.81%	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 F52

Fair Value Measurements and Fair Value of Financial Instruments, Carrying Amount and Estimated Fair Value (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Jun. 30, 2015
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Securities available-for-sale	$ 103,246	$ 86,034
Securities held-to-maturity	197,652	171,976
Carrying Amount [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents	39,136	15,538
Long term certificate of deposit	2,210	1,230
Securities available-for-sale	103,246	86,034
Securities held-to-maturity	191,576	169,000
Federal Home Loan Bank stock	1,531	2,494
Net loans	493,131	443,496
Accrued interest receivable	3,649	3,026
Deposits	750,309	622,717
Federal Home Loan Bank borrowings	20,300	41,700
Accrued interest payable	76	64
Fair Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents	39,136	15,538
Long term certificate of deposit	2,210	1,230
Securities available-for-sale	103,246	86,034
Securities held-to-maturity	197,652	171,976
Federal Home Loan Bank stock	1,531	2,494
Net loans	502,476	450,437
Accrued interest receivable	3,649	3,026
Deposits	750,500	622,900
Federal Home Loan Bank borrowings	20,390	41,598
Accrued interest payable	76	64
Fair Value [Member] | Level 1 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents	39,136	15,538
Long term certificate of deposit	2,210	1,230
Securities available-for-sale	4,340	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	98,906	81,114
Securities held-to-maturity	197,652	171,976
Federal Home Loan Bank stock	1,531	2,494
Net loans	0	0
Accrued interest receivable	3,649	3,026
Deposits	750,500	622,900
Federal Home Loan Bank borrowings	20,390	41,598
Accrued interest payable	76	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	502,476	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) $ / shares in Units, $ in Thousands		3 Months Ended		9 Months Ended
		Mar. 31, 2016USD ($)$ / sharesshares	Mar. 31, 2015USD ($)$ / sharesshares	Mar. 31, 2016USD ($)$ / sharesshares	Mar. 31, 2015USD ($)$ / sharesshares
Earnings Per Share [Abstract]
Stock split ratio			2	2	2
Antidilutive securities or contracts outstanding (in shares)		0	0	0	0
Net income | $		$ 2,161	$ 1,784	$ 6,631	$ 5,370
Weighted average number of shares outstanding, basic (in shares)	[1]	8,464,392	8,441,880	8,454,147	8,434,894
Weighted average number of shares outstanding, effect of dilutive stock options (in shares)		19,817	59,166	15,585	61,220
Weighted average number of shares outstanding, diluted (in shares)	[1]	8,484,209	8,501,046	8,469,732	8,496,114
Earnings per share, basic (in dollars per share) | $ / shares	[1]	$ 0.26	$ 0.21	$ 0.78	$ 0.64
Earnings per share, effect of dilutive stock options (in dollars per share) | $ / shares		(0.01)	0	0	(0.01)
Earnings per share, diluted (in dollars per share) | $ / shares	[1]	$ 0.25	$ 0.21	$ 0.78	$ 0.63
[1]	Share and per share data for 2015 have been adjusted for 2-for-1 stock split

Dividends (Details)

Dividends (Details)		3 Months Ended			9 Months Ended
		Mar. 31, 2016$ / shares	Dec. 31, 2015$ / shares	Mar. 31, 2015$ / shares	Mar. 31, 2016$ / shares	Mar. 31, 2015$ / shares
Dividends [Abstract]
Stock split ratio				2	2	2
Dividends Payable [Line Items]
Cash dividends declared on common stock (in dollars per share)	[1]	$ 0.0925		$ 0.0900	$ 0.2775	$ 0.2700
2016 Q2 Dividend [Member]
Dividends Payable [Line Items]
Dividends payable, date declared					Jan. 19, 2016
Cash dividends declared on common stock (in dollars per share)			$ 0.0925
Dividends payable, date of record					Feb. 12, 2016
Dividends payable, date to be paid					Mar. 1, 2016
2016 Annual Dividend [Member]
Dividends Payable [Line Items]
Cash dividends declared on common stock (in dollars per share)					$ 0.37
[1]	Share and per share data for 2015 have been adjusted for 2-for-1 stock split

Employee Benefit Plans (Details

Employee Benefit Plans (Details)	3 Months Ended		9 Months Ended
	Mar. 31, 2016USD ($)	Mar. 31, 2015USD ($)	Mar. 31, 2016USD ($)Installment	Mar. 31, 2015USD ($)	Jun. 30, 2015USD ($)
Defined Benefit Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Interest cost	$ 58,000	$ 55,000	$ 174,000	$ 165,000
Expected return on plan assets	(77,000)	(81,000)	(231,000)	(243,000)
Amortization of net loss	34,000	26,000	102,000	78,000
Net periodic pension cost	15,000	0	45,000	0
Supplemental Executive Retirement Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Net periodic pension cost	63,000	$ 52,000	$ 183,000	$ 151,000
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, in which benefit will be paid | Installment			10
Postemployment benefits liability	$ 1,800,000		$ 1,800,000		$ 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	9 Months Ended
	Mar. 31, 2015$ / sharesshares	Mar. 31, 2016Plan$ / sharesshares	Mar. 31, 2015$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of stock-based compensation plans | Plan		2
Stock split ratio	2	2	2
Stock Option [Member]
Stock option activity, shares [Roll Forward]
Outstanding at beginning of year (in shares) | shares		95,670	118,870
Exercised (in shares) | shares		(29,700)	(17,200)
Outstanding at period end (in shares) | shares	101,670	65,970	101,670
Exercisable at period end (in shares) | shares	101,670	65,970	101,670
Stock option activity, weighted average exercise price per share [Abstract]
Outstanding at beginning of year (in dollars per share) | $ / shares		$ 6.25	$ 6.25
Exercised (in dollars per share) | $ / shares		6.25	6.25
Outstanding at period end (in dollars per share) | $ / shares	$ 6.25	6.25	6.25
Exercisable at period end (in dollars per share) | $ / shares	$ 6.25	$ 6.25	$ 6.25

Stock-Based Compensation, Stock

Stock-Based Compensation, Stock Options Outstanding and Exercisable (Details) - USD ($)	3 Months Ended		9 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Mar. 31, 2016	Mar. 31, 2015
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Total intrinsic value of options exercised	$ 210,000	$ 58,000	$ 325,000	$ 135,000
Options granted (in shares)			0	0
$12.50 [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Range of exercise prices, lower range limit (in dollars per share)			$ 6.25
Range of exercise prices, upper range limit (in dollars per share)			$ 6.25
Number outstanding (in shares)	65,970		65,970
Options outstanding, weighted average remaining contractual life			2 years 6 months
Options outstanding, weighted average exercise price (in dollars per share)	$ 6.25		$ 6.25
Options exercisable, weighted average remaining contractual life			2 years 6 months
Options exercisable, weighted average exercise price (in dollars per share)	$ 6.25		$ 6.25

Stock-Based Compensation, Phant

Stock-Based Compensation, Phantom Stock Option Plan and Long-term Incentive Plan (Details)	3 Months Ended		9 Months Ended
	Mar. 31, 2016USD ($)shares	Mar. 31, 2015USD ($)shares	Mar. 31, 2016USD ($)shares	Mar. 31, 2015USD ($)shares	Mar. 15, 2016shares	Dec. 31, 2015shares	Jun. 30, 2015USD ($)	Jun. 30, 2014shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock split ratio		2	2	2
Stock option activity, shares [Roll Forward]
Options granted (in shares)			0	0
Phantom Stock Option [Member]
Stock option activity, shares [Roll Forward]
Outstanding at beginning of year (in shares)			1,257,508	1,330,852
Options granted (in shares)			493,760	470,760
Options paid in cash upon vesting (in shares)			(396,714)	(516,744)
Outstanding at period end (in shares)	1,354,554	1,284,868	1,354,554	1,284,868
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)					3,600,000	1,800,000		900,000
Stock option activity, shares [Roll Forward]
Cash paid on options vested | $	$ 0	$ 50,900	$ 710,500	$ 808,600
Allocated share-based compensation expense | $	290,000	$ 190,000	710,000	$ 570,000
Total liability for long-term incentive plan | $	$ 1,100,000		$ 1,100,000				$ 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%		100.00%

Accumulated Other Comprehensi59

Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Jun. 30, 2015
Accumulated Other Comprehensive Loss [Abstract]
Unrealized gain on available-for-sale securities, net of tax	$ 1,009	$ 704
Unrealized loss on securities transferred to held-to-maturity, net of tax	(3)	(11)
Net losses and past service liability for defined benefit plan, net of tax	(1,491)	(1,491)
Accumulated other comprehensive loss	$ (485)	$ (798)

Subsequent events (Details)

Subsequent events (Details) - $ / shares		Apr. 19, 2016	Mar. 31, 2016	Mar. 31, 2015	Mar. 31, 2016	Mar. 31, 2015
Subsequent Event [Line Items]
Cash dividends declared on common stock (in dollars per share)	[1]		$ 0.0925	$ 0.0900	$ 0.2775	$ 0.2700
2016 Annual Dividend [Member]
Subsequent Event [Line Items]
Cash dividends declared on common stock (in dollars per share)					$ 0.37
Dividend Declared in Q3 2016 [Member]
Subsequent Event [Line Items]
Dividends payable, date declared					Apr. 19, 2016
Dividends payable, date of record					May 13, 2016
Dividends payable, date to be paid					Jun. 1, 2016
Subsequent Event [Member] | 2016 Annual Dividend [Member]
Subsequent Event [Line Items]
Cash dividends declared on common stock (in dollars per share)		$ 0.37
Subsequent Event [Member] | Dividend Declared in Q3 2016 [Member]
Subsequent Event [Line Items]
Cash dividends declared on common stock (in dollars per share)		$ 0.0925
[1]	Share and per share data for 2015 have been adjusted for 2-for-1 stock split

Foreclosed Real Estate (Details

Foreclosed Real Estate (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Jun. 30, 2015
Real Estate Properties [Line Items]
Foreclosed real estate	$ 370	$ 847
Residential Real Estate [Member]
Real Estate Properties [Line Items]
Foreclosed real estate	61	847
Land [Member]
Real Estate Properties [Line Items]
Foreclosed real estate	65	0
Commercial Real Estate [Member]
Real Estate Properties [Line Items]
Foreclosed real estate	$ 244	$ 0