Greene County Bancorp (GCBC) 10-Q 9 May 19 2019 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Mar. 31, 2019	May 09, 2019
Document and Entity Information [Abstract]
Entity Registrant Name	GREENE COUNTY BANCORP INC
Entity Central Index Key	0001070524
Current Fiscal Year End Date	--06-30
Entity Filer Category	Accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Ex Transition Period	false
Entity Common Stock, Shares Outstanding		8,537,814
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q3

Consolidated Statements of Fina

Consolidated Statements of Financial Condition (Unaudited) - USD ($) $ in Thousands	Mar. 31, 2019	Jun. 30, 2018
ASSETS
Total cash and cash equivalents	$ 88,422	$ 26,504
Long term certificate of deposit	2,875	2,385
Securities available-for-sale, at fair value	104,008	120,806
Securities held-to-maturity, at amortized cost (fair value $296,622 at March 31, 2019; $274,177 at June 30, 2018)	291,456	274,550
Equity securities, at fair value	237	217
Federal Home Loan Bank stock, at cost	1,298	1,545
Loans	775,352	715,641
Allowance for loan losses	(12,846)	(12,024)
Unearned origination fees and costs, net	779	814
Net loans receivable	763,285	704,431
Premises and equipment	13,193	13,304
Accrued interest receivable	6,125	5,057
Foreclosed real estate	54	119
Prepaid expenses and other assets	2,835	2,560
Total assets	1,273,788	1,151,478
LIABILITIES AND SHAREHOLDERS' EQUITY
Noninterest-bearing deposits	99,824	102,694
Interest-bearing deposits	1,039,954	922,540
Total deposits	1,139,778	1,025,234
Borrowings from Federal Home Loan Bank, long-term	12,650	18,150
Accrued expenses and other liabilities	13,095	11,903
Total liabilities	1,165,523	1,055,287
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; Outstanding - 8,537,814 shares	861	861
Additional paid-in capital	11,017	11,017
Retained earnings	98,003	86,213
Accumulated other comprehensive loss	(1,339)	(1,623)
Treasury stock, at cost 73,526 shares	(277)	(277)
Total shareholders' equity	108,265	96,191
Total liabilities and shareholders' equity	$ 1,273,788	$ 1,151,478

Consolidated Statements of Fi_2

Consolidated Statements of Financial Condition (Unaudited) (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2019	Jun. 30, 2018
ASSETS
Securities held-to-maturity, fair value	$ 296,622	$ 274,177
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	8,611,340
Common stock, shares outstanding (in shares)	8,537,814	8,537,814
Treasury stock, shares (in shares)	73,526	73,526

Consolidated Statements of Inco

Consolidated Statements of Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Mar. 31, 2019	Mar. 31, 2018
Interest income:
Loans	$ 8,900	$ 7,454	$ 25,894	$ 21,800
Investment securities - taxable	197	185	608	513
Mortgage-backed securities	978	929	3,151	2,537
Investment securities - tax exempt	1,418	1,147	4,184	3,275
Interest-bearing deposits and federal funds sold	215	161	274	260
Total interest income	11,708	9,876	34,111	28,385
Interest expense:
Interest on deposits	1,584	939	3,891	2,615
Interest on borrowings	98	77	542	280
Total interest expense	1,682	1,016	4,433	2,895
Net interest income	10,026	8,860	29,678	25,490
Provision for loan losses	350	345	1,058	1,044
Net interest income after provision for loan losses	9,676	8,515	28,620	24,446
Noninterest income:
Service charges on deposit accounts	960	932	3,103	2,717
Debit card fees	604	566	1,929	1,723
Investment services	145	138	396	332
E-commerce fees	31	31	102	104
Other operating income	270	192	673	610
Total noninterest income	2,010	1,859	6,203	5,486
Noninterest expense:
Salaries and employee benefits	4,005	3,455	11,160	9,412
Occupancy expense	471	448	1,287	1,159
Equipment and furniture expense	112	159	453	430
Service and data processing fees	546	539	1,583	1,566
Computer software, supplies and support	260	175	683	480
Advertising and promotion	110	74	306	241
FDIC insurance premiums	117	115	344	301
Legal and professional fees	280	223	892	683
Other	585	594	1,986	1,715
Total noninterest expense	6,486	5,782	18,694	15,987
Income before provision for income taxes	5,200	4,592	16,129	13,945
Provision for income taxes	844	915	2,809	3,156
Net income	$ 4,356	$ 3,677	$ 13,320	$ 10,789
Basic earnings per share (in dollars per share)	$ 0.51	$ 0.43	$ 1.56	$ 1.27
Basic average shares outstanding (in shares)	8,537,814	8,517,614	8,537,814	8,508,103
Diluted earnings per share (in dollars per share)	$ 0.51	$ 0.43	$ 1.56	$ 1.26
Diluted average shares outstanding (in shares)	8,537,814	8,536,407	8,537,814	8,533,850
Dividends per share (in dollars per share)	$ 0.1000	$ 0.0975	$ 0.3000	$ 0.2925

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Mar. 31, 2019	Mar. 31, 2018
Consolidated Statements of Comprehensive Income (Unaudited) [Abstract]
Net Income	$ 4,356	$ 3,677	$ 13,320	$ 10,789
Other comprehensive income (loss):
Unrealized holding gains (losses) on available-for-sale securities, net of income tax expense (benefit) of $64 and ($116), for the three months, and $141 and ($316), for the nine months ended March 31, 2019 and 2018, respectively	181	(326)	398	(648)
Total other comprehensive income (loss), net of taxes	181	(326)	398	(648)
Comprehensive income	$ 4,537	$ 3,351	$ 13,718	$ 10,141

Consolidated Statements of Co_2

Consolidated Statements of Comprehensive Income (Unaudited) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Mar. 31, 2019	Mar. 31, 2018
Other comprehensive income (loss):
Unrealized holding gains (losses) on available-for-sale securities, income taxes	$ 64	$ (116)	$ 141	$ (316)

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
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Impact of Adopting ASU | ASU 2018-02 [Member]	[1]			$ 259	$ (259)			$ 0
Balance at Jun. 30, 2017		$ 861	$ 10,990	73,072	(992)		$ (410)	83,521
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Options exercised			60				90	150
Dividends declared				(1,145)				(1,145)
Net income				10,789				10,789
Other comprehensive income (loss), net of taxes					(648)			(648)
Balance at Mar. 31, 2018		861	11,050	82,975	(1,899)		(320)	92,667
Balance at Dec. 31, 2017					(1,314)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income								3,677
Other comprehensive income (loss), net of taxes					(326)			(326)
Balance at Mar. 31, 2018		861	11,050	82,975	(1,899)		(320)	92,667
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Impact of Adopting ASU | ASU 2016-01 [Member]	[2]			114	(114)	[3]		0
Balance at Jun. 30, 2018		861	11,017	86,213	(1,623)		(277)	96,191
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Dividends declared				(1,644)				(1,644)
Net income				13,320				13,320
Other comprehensive income (loss), net of taxes					398			398
Balance at Mar. 31, 2019		861	11,017	98,003	(1,339)		(277)	108,265
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Impact of Adopting ASU | ASU 2016-01 [Member]	[3]				0
Balance at Dec. 31, 2018					(1,520)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income								4,356
Other comprehensive income (loss), net of taxes					181			181
Balance at Mar. 31, 2019		$ 861	$ 11,017	$ 98,003	$ (1,339)		$ (277)	$ 108,265
[1]	Adoption of Accounting Standard Update 2018-02, reclassification from accumulated other comprehensive loss to retained earnings for stranded tax effects resulting from newly enacted Federal corporate income tax rate from 34% to 21%.
[2]	See Note 9 Impact of Recent Accounting Pronouncements - cumulative effect of change in measurement of equity securities.
[3]	Adoption of ASU 2016-01 - cumulative effect of change in measurement of equity securities.

Consolidated Statements of Ch_2

Consolidated Statements of Changes in Shareholders' Equity (Unaudited) (Parenthetical)	6 Months Ended	9 Months Ended
	Dec. 31, 2017	Mar. 31, 2019
ASU 2018-02 [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Federal corporate tax rate	34.00%	21.00%

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Cash flows from operating activities:
Net Income	$ 13,320	$ 10,789
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	481	478
Deferred income tax benefit	(563)	(1,349)
Net amortization of premiums and discounts	214	519
Net amortization of deferred loan costs and fees	358	380
Provision for loan losses	1,058	1,044
Net gain on equity securities	(20)	0
Net loss (gain) on sale of foreclosed real estate	34	(33)
Net increase in accrued income taxes	899	3,125
Net increase in accrued interest receivable	(1,068)	(1,046)
Net increase in prepaid and other assets	(489)	(782)
Net increase in other liabilities	929	1,039
Net cash provided by operating activities	15,153	14,164
Securities available-for-sale:
Proceeds from maturities	77,974	42,817
Purchases of securities	(62,996)	(72,299)
Principal payments on securities	2,335	2,335
Securities held-to-maturity:
Proceeds from maturities	13,007	10,021
Purchases of securities	(50,591)	(73,951)
Principal payments on securities	20,488	9,849
Net redemption of Federal Home Loan Bank Stock	247	646
Purchases of long term certificates of deposit	(735)	(735)
Maturity of long term certificates of deposit	245	495
Net increase in loans receivable	(60,304)	(55,980)
Proceeds from sale of foreclosed real estate	65	872
Purchases of premises and equipment	(370)	(224)
Net cash used by investing activities	(60,635)	(136,154)
Cash flows from financing activities:
Net decrease in short-term advances	0	(6,900)
Repayment of long-term FHLB advances	(5,500)	(4,500)
Payment of cash dividends	(1,644)	(1,145)
Proceeds from issuance of stock options	0	150
Net increase in deposits	114,544	192,712
Net cash provided by financing activities	107,400	180,317
Net increase in cash and cash equivalents	61,918	58,327
Cash and cash equivalents at beginning of period	26,504	16,277
Cash and cash equivalents at end of period	88,422	74,604
Non-cash investing activities:
Foreclosed loans transferred to foreclosed real estate	34	240
Cash paid during period for:
Interest	4,423	2,902
Income taxes	$ 2,473	$ 1,500

Basis of Presentation

Basis of Presentation	9 Months Ended
	Mar. 31, 2019
Basis of Presentation [Abstract]
Basis of Presentation	(1) Basis of Presentation Within the accompanying unaudited consolidated statement of financial condition, and related notes to the consolidated financial statements, June 30, 2018 data was derived from the audited consolidated financial statements of Greene County Bancorp, Inc. (the “Company”) and its wholly owned subsidiaries, Bank of Greene County (the “Bank”) and Greene Risk Management, Inc., and the Bank’s wholly owned subsidiaries, Greene County Commercial Bank and Greene Property Holdings, Ltd. The consolidated financial statements at and for the three and nine months ended March 31, 2019 and 2018 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, 2018, such information and notes have not been duplicated herein. In the opinion of management, all adjustments (consisting of only normal recurring items) necessary for a fair presentation of the financial position and results of operations and cash flows at and for the periods presented have been included. Amounts in the prior year’s consolidated financial statements have been reclassified whenever necessary to conform to the current year’s presentation. These reclassifications, if any, had no effect on net income or retained earnings as previously reported. All material inter-company accounts and transactions have been eliminated in the consolidation. The results of operations and other data for the three and nine months ended March 31, 2019 are not necessarily indicative of results that may be expected for the entire fiscal year ending June 30, 2019. 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 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 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, 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. There have been no significant changes in the application of this critical accounting policy during the three and nine months ended March 31, 2019. 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 equity security for a period of time sufficient for a recovery in value; recent events specific to the issuer or industry; and for debt securities, the 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 write-downs to fair value 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, 2019
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, Bank of Greene County and Greene Risk Management, Inc. Bank of Greene County has 15 full-service offices, an operations center and lending center located in its market area within the Hudson Valley Region of New York State. Bank of Greene County is primarily engaged in the business of attracting deposits from the general public in 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. 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 Bank of Greene County.

Use of Estimates

Use of Estimates	9 Months Ended
	Mar. 31, 2019
Use of Estimates [Abstract]
Use of Estimates	(3) Use of Estimates The preparation of consolidated 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 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 through earnings.

Securities

Securities	9 Months Ended
	Mar. 31, 2019
Securities [Abstract]
Securities	(4) Securities Securities at March 31, 2019 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 $ 5,528 $ 19 $ - $ 5,547 State and political subdivisions 77,075 291 - 77,366 Mortgage-backed securities-residential 2,795 14 46 2,763 Mortgage-backed securities-multi-family 16,448 153 26 16,575 Corporate debt securities 1,764 - 7 1,757 Total securities available-for-sale 103,610 477 79 104,008 Securities held-to-maturity: U.S. government sponsored enterprises 9,248 - 50 9,198 State and political subdivisions 144,208 4,526 119 148,615 Mortgage-backed securities-residential 4,861 62 - 4,923 Mortgage-backed securities-multi-family 130,033 1,048 314 130,767 Corporate debt securities 1,475 6 15 1,466 Other securities 1,631 24 2 1,653 Total securities held-to-maturity 291,456 5,666 500 296,622 Total securities $ 395,066 $ 6,143 $ 579 $ 400,630 Securities at June 30, 2018 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 $ 5,543 $ 18 $ 30 $ 5,531 State and political subdivisions 92,052 204 1 92,255 Mortgage-backed securities-residential 3,332 13 98 3,247 Mortgage-backed securities-multi-family 18,249 64 244 18,069 Corporate debt securities 1,771 - 67 1,704 Total securities available-for-sale 120,947 299 440 120,806 Securities held-to-maturity: U.S. government sponsored enterprises 9,245 - 278 8,967 State and political subdivisions 136,335 3,091 532 138,894 Mortgage-backed securities-residential 6,472 72 7 6,537 Mortgage-backed securities-multi-family 118,780 123 2,845 116,058 Corporate debt securities 1,466 11 9 1,468 Other securities 2,252 16 15 2,253 Total securities held-to-maturity 274,550 3,313 3,686 274,177 Total securities $ 395,497 $ 3,612 $ 4,126 $ 394,983 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. At March 31, 2019, 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, 2019. 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 $ 871 $ 41 1 $ 1,114 $ 5 2 $ 1,985 $ 46 3 Mortgage-backed securities-multi-family - - - 2,927 26 2 2,927 26 2 Corporate debt securities - - - 1,758 7 6 1,758 7 6 Total securities available-for-sale 871 41 1 5,799 38 10 6,670 79 11 Securities held-to-maturity: U.S. government sponsored enterprises - - - 6,197 50 3 6,197 50 3 State and political subdivisions 11,292 71 89 7,197 48 68 18,489 119 157 Mortgage-backed securities-multi-family 27,717 213 10 18,961 101 14 46,678 314 24 Corporate debt securities - - - 460 15 1 460 15 1 Other securities - - - 478 2 1 478 2 1 Total securities held-to-maturity 39,009 284 99 33,293 216 87 72,302 500 186 Total securities $ 39,880 $ 325 100 $ 39,092 $ 254 97 $ 78,972 $ 579 197 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, 2018. 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: U.S. government sponsored enterprises $ 969 $ 30 1 $ - $ - - $ 969 $ 30 1 State and political subdivisions 2,094 1 4 - - - 2,094 1 4 Mortgage-backed securities-residential 2,420 98 3 - - - 2,420 98 3 Mortgage-backed securities-multi-family 9,177 244 7 - - - 9,177 244 7 Corporate debt securities 1,450 65 6 254 2 1 1,704 67 7 Total securities available-for-sale 16,110 438 21 254 2 1 16,364 440 22 Securities held-to-maturity: U.S. government sponsored enterprises 7,018 227 1 1,949 51 1 8,967 278 2 State and political subdivisions 34,743 434 167 4,352 98 34 39,095 532 201 Mortgage-backed securities-residential 1,403 7 3 - - - 1,403 7 3 Mortgage-backed securities-multi-family 94,927 2,586 45 6,398 259 3 101,325 2,845 48 Corporate debt securities 457 9 1 - - - 457 9 1 Other securities 892 14 1 75 1 1 967 15 2 Total securities held-to-maturity 139,440 3,277 218 12,774 409 39 152,214 3,686 257 Total securities $ 155,550 $ 3,715 239 $ 13,028 $ 411 40 $ 168,578 $ 4,126 279 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 before recovery of its amortized cost basis, (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 earnings while noncredit related OTTI on securities not expected to be sold is recognized in other comprehensive income/loss (“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. 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, 2019. Management believes that the reasons for the decline in fair value are due to interest rates, widening credit spreads and market illiquidity at the reporting date. There were no transfers of securities available-for-sale to held-to-maturity during the three and nine months ended March 31, 2019 or 2018. During the three and nine months ended March 31, 2019 and 2018, there were no sales of securities and no gains or losses were recognized. There was no other-than-temporary impairment loss recognized during the three and nine months ended March 31, 2019 and 2018. The estimated fair values of debt securities at March 31, 2019, 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 $ 79,329 $ 79,626 After one year through five years 2,525 2,537 After five years through ten years 2,513 2,507 After ten years - - Total available-for-sale debt securities 84,367 84,670 Mortgage-backed securities 19,243 19,338 Total available-for-sale securities 103,610 104,008 Held-to-maturity debt securities Within one year 26,727 26,944 After one year through five years 65,009 66,318 After five years through ten years 47,635 49,253 After ten years 17,191 18,417 Total held-to-maturity debt securities 156,562 160,932 Mortgage-backed securities 134,894 135,690 Total held-to-maturity securities 291,456 296,622 Total debt securities $ 395,066 $ 400,630 At March 31, 2019 and June 30, 2018, respectively, securities with an aggregate fair value of $389.9 million and $383.0 million were pledged as collateral for deposits in excess of FDIC insurance limits for various municipalities placing deposits with Greene County Commercial Bank. At March 31, 2019 and June 30, 2018, securities with an aggregate fair value of $1.8 million 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 three and nine months ended March 31, 2019 or 2018. 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 three and nine months ended March 31, 2019 or 2018.

Loans and Allowance for Loan Lo

Loans and Allowance for Loan Losses	9 Months Ended
	Mar. 31, 2019
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, 2019 and June 30, 2018 are summarized as follows: (In thousands) March 31, 2019 June 30, 2018 Residential real estate: Residential real estate $ 268,292 $ 255,848 Residential construction and land 6,780 9,951 Multi-family 22,131 14,961 Commercial real estate: Commercial real estate 309,235 283,935 Commercial construction 41,486 39,366 Consumer loan: Home equity 22,208 21,919 Consumer installment 5,213 5,017 Commercial loans 100,007 84,644 Total gross loans 775,352 715,641 Allowance for loan losses (12,846 ) (12,024 ) Deferred fees and costs 779 814 Loans receivable, net $ 763,285 $ 704,431 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, 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 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 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. 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. 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 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. The inherent risk within the loan portfolio varies depending upon each of these loan types. Bank of Greene County’s primary lending activity historically has been 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, 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, 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, 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 Bank of Greene County does not hold the first mortgage. 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. Bank of Greene County completes inspections during the construction phase prior to any disbursements. 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 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. Over the past few years, Bank of Greene County has shifted more focus on the origination of commercial loans including commercial real estate. Bank of Greene County has also formed relationships with other community banks within our region to participate in larger commercial loan relationships. These types of loans are generally considered to be riskier due to the size and complexity of the loan relationship. By entering into a participation agreement with the other bank, Bank of Greene County can obtain the loan relationship while limiting its exposure to credit loss. Management completes its due diligence in underwriting these loans and monitors the servicing of these loans. Loan balances by internal credit quality indicator at March 31, 2019 are shown below. ( In thousands Performing Watch Special Mention Substandard Total Residential real estate $ 265,319 $ 532 $ 86 $ 2,355 $ 268,292 Residential construction and land 6,780 - - - 6,780 Multi-family 20,143 - 1,910 78 22,131 Commercial real estate 299,267 619 8,273 1,076 309,235 Commercial construction 41,384 - - 102 41,486 Home equity 21,432 - - 776 22,208 Consumer installment 5,206 - - 7 5,213 Commercial loans 99,481 - 443 83 100,007 Total gross loans $ 759,012 $ 1,151 $ 10,712 $ 4,477 $ 775,352 Loan balances by internal credit quality indicator at June 30, 2018 are shown below. (In thousands Performing Watch Special Mention Substandard Total Residential real estate $ 252,811 $ 577 $ 88 $ 2,372 $ 255,848 Residential construction and land 9,951 - - - 9,951 Multi-family 12,743 - 2,132 86 14,961 Commercial real estate 273,077 317 8,994 1,547 283,935 Commercial construction 39,190 - - 176 39,366 Home equity 21,170 128 - 621 21,919 Consumer installment 4,969 30 - 18 5,017 Commercial loans 83,148 195 457 844 84,644 Total gross loans $ 697,059 $ 1,247 $ 11,671 $ 5,664 $ 715,641 The Company had no loans classified doubtful or loss at March 31, 2019 or June 30, 2018. 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, 2019 and June 30, 2018. Loans on nonaccrual status totaled $3.0 million at March 31, 2019 of which $1.5 million were in the process of foreclosure. At March 31, 2019, there were 12 residential loans in the process of foreclosure totaling $1.4 million. Included in nonaccrual loans were $1.5 million of loans which were less than 90 days past due at March 31, 2019, 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 $175,000 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 $3.5 million at June 30, 2018 of which $1.9 million were in the process of foreclosure. At June 30, 2018, there were 11 residential loans in the process of foreclosure totaling $1.2 million. Included in nonaccrual loans were $1.3 million of loans which were less than 90 days past due at June 30, 2018, 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 at March 31, 2019: (In thousands) 30-59 days past due 60-89 days 90 days or more past due Total past due Current Total Loans Loans on Non-accrual Residential real estate $ 2,509 $ 817 $ 1,109 $ 4,435 $ 263,857 $ 268,292 $ 1,829 Residential construction and land - - - - 6,780 6,780 - Multi-family 138 - - 138 21,993 22,131 - Commercial real estate 772 785 102 1,659 307,576 309,235 614 Commercial construction - - - - 41,486 41,486 - Home equity 146 28 309 483 21,725 22,208 455 Consumer installment 34 - 7 41 5,172 5,213 7 Commercial loans 503 - - 503 99,504 100,007 83 Total gross loans $ 4,102 $ 1,630 $ 1,527 $ 7,259 $ 768,093 $ 775,352 $ 2,988 The following table sets forth information regarding delinquent and/or nonaccrual loans at June 30, 2018: (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 $ 1,617 $ 458 $ 1,211 $ 3,286 $ 252,562 $ 255,848 $ 1,778 Residential construction and land - - - - 9,951 9,951 - Multi-family - - - - 14,961 14,961 - Commercial real estate 1,568 487 568 2,623 281,312 283,935 1,147 Commercial construction - - - - 39,366 39,366 - Home equity 38 128 299 465 21,454 21,919 298 Consumer installment 3 30 8 41 4,976 5,017 18 Commercial loans 250 195 182 627 84,017 84,644 276 Total gross loans $ 3,476 $ 1,298 $ 2,268 $ 7,042 $ 708,599 $ 715,641 $ 3,517 Bank of Greene County had no accruing loans delinquent more than 90 days at March 31, 2019 and $62,000 at June 30, 2018, respectively. The loans delinquent more than 90 days and accruing consist of loans that are well collateralized and the borrowers have demonstrated the ability and willingness to pay. The borrower has made arrangements with the Bank to bring the loan current within a specified time period and has made a series of payments as agreed. The table below details additional information related to nonaccrual loans for the three and nine months ended March 31: For the three months ended March 31, For the nine months ended March 31, (In thousands) 2019 2018 2019 2018 Interest income that would have been recorded if loans had been performing in accordance with original terms $ 31 $ 45 $ 160 $ 182 Interest income that was recorded on nonaccrual loans 26 30 81 95 Impaired Loan Analysis The Company identifies impaired loans and measures the impairment in accordance with FASB ASC subtopic “ Receivables – Loan Impairment.” The tables below detail additional information on impaired loans at the date or periods indicated: As of March 31, 2019 For the three months ended March 31, 2019 For the nine months ended March 31, 2019 (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 $ 86 $ 86 $ - $ 151 $ 1 $ 105 $ 4 Commercial real estate 730 730 - 997 35 979 50 Commercial construction 102 102 - 68 - 23 - Home equity 309 309 - 309 - 281 - Commercial loans 145 145 - 148 - 153 - Impaired loans with no allowance 1,372 1,372 - 1,673 36 1,541 54 With an allowance recorded: Residential real estate 2,026 2,026 292 1,965 15 1,826 51 Commercial real estate - - - - - 122 - Commercial construction - - - 59 - 137 - Home equity 349 349 59 350 5 334 14 Commercial loans 131 131 41 131 1 58 1 Impaired loans with allowance 2,506 2,506 392 2,505 21 2,477 66 Total impaired: Residential real estate 2,112 2,112 292 2,116 16 1,931 55 Commercial real estate 730 730 - 997 35 1,101 50 Commercial construction 102 102 - 127 - 160 - Home equity 658 658 59 659 5 615 14 Commercial loans 276 276 41 279 1 211 1 Total impaired loans $ 3,878 $ 3,878 $ 392 $ 4,178 $ 57 $ 4,018 $ 120 As of June 30, 2018 For the three months ended March 31, 2018 For the nine months ended March 31, 2018 (In thousands) Recorded Investment Unpaid Principal Related Allowance Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income With no related allowance recorded: Residential real estate $ 22 $ 22 $ - $ - $ - $ - $ - Commercial real estate 799 799 - 800 7 803 22 Home equity 181 181 - 181 - 182 - Commercial loans 347 347 - 355 - 320 - Impaired loans with no allowance 1,349 1,349 - 1,336 7 1,305 22 With an allowance recorded: Residential real estate 1,922 1,922 332 1,797 14 1,667 40 Commercial real estate 379 379 60 401 - 416 - Commercial construction 176 176 29 176 - 176 - Home equity 322 322 61 323 3 324 11 Impaired loans with allowance 2,799 2,799 482 2,697 17 2,583 51 Total impaired: Residential real estate 1,944 1,944 332 1,797 14 1,667 40 Commercial real estate 1,178 1,178 60 1,201 7 1,219 22 Commercial construction 176 176 29 176 - 176 - Home equity 503 503 61 504 3 506 11 Commercial loans 347 347 - 355 - 320 - Total impaired loans $ 4,148 $ 4,148 $ 482 $ 4,033 $ 24 $ 3,888 $ 73 The table below details loans that have been modified as a troubled debt restructuring during the three and nine months ended March 31, 2019 or 2018. (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, 2019 Commercial loans 1 $ 127 $ 131 $ 131 Three and nine months ended March 31, 2018 Residential 1 $ 184 $ 184 $ 184 Home equity 1 325 325 323 There were no loans modified as a troubled debt restructuring during the three months ended March 31, 2019. During the nine months ended March 31, 2019 one commercial loan was modified by extending the term and reducing the interest rates on these loans. During the nine months ended March 31, 2018, a residential loan and a home equity loan were modified to extend the term of the loan thereby reducing the monthly payments for the borrower. There were no loans that had been modified as a troubled debt restructuring during the twelve months prior to June 30, 2018 or 2017 which have subsequently defaulted during the three and nine months ended March 31, 2019 or 2018, 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 Bank of Greene County’s allowance for loan losses. Such agencies may require 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. 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 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. 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, 2019 (In thousands) Balance at December 31, 2018 Charge-offs Recoveries Provision Balance at March 31, 2019 Residential real estate $ 2,070 $ - $ - $ 14 $ 2,084 Residential construction and land 93 - - (13 ) 80 Multi-family 180 - - (12 ) 168 Commercial real estate 6,182 74 - 238 6,346 Commercial construction 876 - - 117 993 Home equity 322 - - (18 ) 304 Consumer installment 290 95 43 (28 ) 210 Commercial loans 2,381 51 - (49 ) 2,281 Unallocated 279 - - 101 380 Total $ 12,673 $ 220 $ 43 $ 350 $ 12,846 Activity for the nine months ended March 31, 2019 (In thousands) Balance at June 30, 2018 Charge-offs Recoveries Provision Balance at March 31, 2019 Residential real estate $ 2,116 $ 96 $ 13 $ 51 $ 2,084 Residential construction and land 114 - - (34 ) 80 Multi-family 162 - - 6 168 Commercial real estate 5,979 74 - 441 6,346 Commercial construction 950 - - 43 993 Home equity 317 - - (13 ) 304 Consumer installment 224 284 103 167 210 Commercial loans 2,128 51 153 51 2,281 Unallocated 34 - - 346 380 Total $ 12,024 $ 505 $ 269 $ 1,058 $ 12,846 Allowance for Loan Losses Loans Receivable Ending Balance At March 31, 2019 Impairment Analysis Ending Balance At March 31, 2019 Impairment Analysis (In thousands) Individually Evaluated Collectively Evaluated Individually Evaluated Collectively Evaluated Residential real estate $ 292 $ 1,792 $ 2,112 $ 266,180 Residential construction and land - 80 - 6,780 Multi-family - 168 - 22,131 Commercial real estate - 6,346 730 308,505 Commercial construction - 993 102 41,384 Home equity 59 245 658 21,550 Consumer installment - 210 - 5,213 Commercial loans 41 2,240 276 99,731 Unallocated - 380 - - Total $ 392 $ 12,454 $ 3,878 $ 771,474 Activity for the three months ended March 31, 2018 (In thousands) Balance at December 31, 2017 Charge-offs Recoveries Provision Balance at March 31, 2018 Residential real estate $ 2,099 $ 25 $ - $ 5 $ 2,079 Residential construction and land 86 - - 8 94 Multi-family 95 - - 67 162 Commercial real estate 5,904 - - 52 5,956 Commercial construction 603 - - 136 739 Home equity 312 - - - 312 Consumer installment 252 79 29 (14 ) 188 Commercial loans 2,001 - - (26 ) 1,975 Unallocated - - - 117 117 Total $ 11,352 $ 104 $ 29 $ 345 $ 11,622 Activity for the nine months ended March 31, 2018 (In thousands) Balance at June 30, 2017 Charge-offs Recoveries Provision Balance at March 31, 2018 Residential real estate $ 2,289 $ 96 $ - $ (114 ) $ 2,079 Residential construction and land 89 - - 5 94 Multi-family 43 - - 119 162 Commercial real estate 5,589 - - 367 5,956 Commercial construction 687 - - 52 739 Home equity 234 - - 78 312 Consumer installment 231 256 65 148 188 Commercial loans 1,680 157 - 452 1,975 Unallocated 180 - - (63 ) 117 Total $ 11,022 $ 509 $ 65 $ 1,044 $ 11,622 Allowance for Loan Losses Loans Receivable Ending Balance At June 30, 2018 Impairment Analysis Ending Balance At June 30, 2018 Impairment Analysis (In thousands) Individually Evaluated Collectively Evaluated Individually Evaluated Collectively Evaluated Residential real estate $ 332 $ 1,784 $ 1,944 $ 253,904 Residential construction and land - 114 - 9,951 Multi-family - 162 - 14,961 Commercial real estate 60 5,919 1,178 282,757 Commercial construction 29 921 176 39,190 Home equity 61 256 503 21,416 Consumer installment - 224 - 5,017 Commercial loans - 2,128 347 84,297 Unallocated - 34 - - Total $ 482 $ 11,542 $ 4,148 $ 711,493 Foreclosed real estate (FRE) FRE consists of properties acquired through mortgage loan foreclosure proceedings or in full or partial satisfaction of loans. The following table sets forth information regarding FRE at March 31, 2019 and June 30, 2018: (in thousands) March 31, 2019 June 30, 2018 Residential real estate $ 54 $ 119 Total foreclosed real estate $ 54 $ 119

Fair Value Measurements and Fai

Fair Value Measurements and Fair Value of Financial Instruments	9 Months Ended
	Mar. 31, 2019
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 at March 31, 2019 and June 30, 2018 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, 2019 (Level 1) (Level 2) (Level 3) Assets: U.S. Government sponsored enterprises $ 5,547 $ - $ 5,547 $ - State and political subdivisions 77,366 - 77,366 - Mortgage-backed securities-residential 2,763 - 2,763 - Mortgage-backed securities-multi-family 16,575 - 16,575 - Corporate debt securities 1,757 1,757 - - Securities available-for-sale 104,008 $ 1,757 $ 102,251 - Equity securities 237 237 - - Total securities measured at fair value $ 104,245 $ 1,994 $ 102,251 $ - Fair Value Measurements Using Quoted Prices In Active Markets For Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs (In thousands) June 30, 2018 (Level 1) (Level 2) (Level 3) Assets: U.S. Government sponsored enterprises $ 5,531 $ - $ 5,531 $ - State and political subdivisions 92,255 - 92,255 - Mortgage-backed securities-residential 3,247 - 3,247 - Mortgage-backed securities-multi-family 18,069 - 18,069 - Corporate debt securities 1,704 1,704 - - Securities available-for-sale 120,806 1,704 119,102 - Equity securities 217 217 - - Total securities measured at fair value $ 121,023 $ 1,921 $ 119,102 $ - 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 values for foreclosed real estate are initially recorded based on market value evaluations by third parties, less costs to sell (“initial cost basis”). Any write-downs required when the related loan receivable is exchanged for the underlying real estate collateral at the time of transfer to foreclosed real estate are charged to the allowance for loan losses. Values are derived from appraisals, similar to impaired loans, of underlying collateral or discounted cash flow analysis. Subsequent to foreclosure, valuations are updated periodically and assets are marked to current fair value, not to exceed the initial cost basis. In the determination of fair value subsequent to foreclosure, management also considers other factors or recent developments, such as, changes in absorption rates and market conditions from the time of valuation and anticipated sales values considering management’s plans for disposition. Either change could result in adjustment to lower the property value estimates indicated in the appraisals. These measurements are classified as Level 3 within the fair value hierarchy. Fair Value Measurements Using (In thousands) Recorded Investment Related Allowance Fair Value (Level 1) (Level 2) (Level 3) March 31, 2019 Impaired loans $ 2,506 $ 392 $ 2,114 $ - $ - $ 2,114 Foreclosed real estate 54 - 54 - - 54 June 30, 2018 Impaired loans $ 2,799 $ 482 $ 2,317 $ - $ - $ 2,317 Foreclosed real estate 119 - 119 - - 119 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, 2019 Impaired Loans $ 1,468 Appraisal of collateral (1) Appraisal adjustments (2) 3.00%-31.00 % 25.84 % Liquidation expenses (3) 4.14%-5.82 % 4.45 % 646 Discounted cash flow Discount rate 4.19%-8.66 % 6.07 % Foreclosed real estate 54 Appraisal of collateral (1) Appraisal adjustments (2) 0.00%-0.00 % 0.00 % Liquidation expenses (3) 9.96%-9.96 % 9.96 % June 30, 2018 Impaired loans $ 1,687 Appraisal of collateral (1) Appraisal adjustments (2) 26.58%-31.00 % 28.17 % Liquidation expenses (3) 4.14%-7.26 % 5.07 % 630 Discounted cash flow Discount rate 4.19%-6.63 % 5.36 % Foreclosed real estate 119 Appraisal of collateral (1) Appraisal adjustments (2) 0.00%-0.00 % 0.00 % Liquidation expenses (3) 8.99%-11.78 % 9.92 % (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 are adjusted downwards by management for qualitative factors such as the estimated costs to liquidate the collateral. 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. ASU 2016-01 “Recognition and Measurement of Financial Assets and Financial Liabilities” requires that, effective for the periods ended after June 30, 2018, the fair value for loans must be disclosed using the “exit price” notion which is a reasonable estimate of what another party might pay in an orderly transaction. 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, 2019 and June 30, 2018, 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, 2019 Fair Value Measurements Using Carrying Amount Fair Value (Level 1) (Level 2) (Level 3) Cash and cash equivalents $ 88,422 $ 88,422 $ 88,422 $ - $ - Long term certificate of deposit 2,875 2,875 2,875 - - Securities available-for-sale 104,008 104,008 1,757 102,251 - Securities held-to-maturity 291,456 296,622 - 296,622 - Equity securities 237 237 237 - - Federal Home Loan Bank stock 1,298 1,298 - 1,298 - Net loans 763,285 754,907 - - 754,907 Accrued interest receivable 6,125 6,125 - 6,125 - Deposits 1,139,778 1,139,789 - 1,139,789 - Borrowings 12,650 12,473 - 12,473 - Accrued interest payable 98 98 - 98 - (In thousands) June 30, 2018 Fair Value Measurements Using Carrying Amount Fair Value (Level 1) (Level 2) (Level 3) Cash and cash equivalents $ 26,504 $ 26,504 $ 26,504 $ - $ - Long term certificate of deposit 2,385 2,385 2,385 - - Securities available-for-sale 120,806 120,806 1,704 119,102 - Securities held-to-maturity 274,550 274,177 - 274,177 - Equity securities 217 217 217 - - Federal Home Loan Bank stock 1,545 1,545 - 1,545 - Net loans 704,431 698,879 - - 698,879 Accrued interest receivable 5,057 5,057 - 5,057 - Deposits 1,025,234 1,025,302 - 1,025,302 - Borrowings 18,150 17,755 - 17,755 - Accrued interest payable 88 88 - 88 -

Earnings Per Share

Earnings Per Share	9 Months Ended
	Mar. 31, 2019
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 three and nine months ended March 31, 2019 and 2018. For the three months ended March 31, For the nine months ended March 31, 2019 2018 2019 2018 Net Income $ 4,356,000 $ 3,677,000 $ 13,320,000 $ 10,789,000 Weighted Average Shares – Basic 8,537,814 8,517,614 8,537,814 8,508,103 Effect of Dilutive Stock Options - 18,793 - 25,747 Weighted Average Shares - Dilute 8,537,814 8,536,407 8,537,814 8,533,850 Earnings per share - Basic $ 0.51 $ 0.43 $ 1.56 $ 1.27 Earnings per share - Diluted $ 0.51 $ 0.43 $ 1.56 $ 1.26

Dividends

Dividends	9 Months Ended
	Mar. 31, 2019
Dividends [Abstract]
Dividends	(8) Dividends On January 15, 2019, the Board of Directors declared a cash dividend for the quarter ended December 31, 2018 of $0.10 per share on Greene County Bancorp, Inc.’s common stock. The dividend reflects an annual cash dividend rate of $0.40 per share, which was the same rate as the dividend declared during the previous quarter. The dividend was payable to stockholders of record as of February 15, 2019, and was paid on February 28, 2019. The MHC waived its receipt of this dividend.

Impact of Recent Accounting Pro

Impact of Recent Accounting Pronouncements	9 Months Ended
	Mar. 31, 2019
Impact of Recent Accounting Pronouncements [Abstract]
Impact of Recent Accounting Pronouncements	(9) Impact of Recent Accounting Pronouncements Accounting Pronouncements Recently Adopted The following accounting standards have been adopted in the first quarter of the fiscal year ending June 30, 2019: On July 1, 2018, Greene County Bancorp, Inc. adopted Accounting Standard Update (“ASU”) 2014-09 amending 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 replaces most existing revenue recognition guidance under GAAP. A significant amount of the Company’s revenues are derived from net interest income on financial assets and liabilities, which are excluded from the scope of the amended guidance. With respect to noninterest income, the Company has identified revenue streams within the scope of the guidance, which include service charges on deposits, interchange income, investment services fees and gains (losses) from the transfer of other real estate owned. Further details regarding the revenue recognition of these revenue streams is provided in Note 13 to these Unaudited Consolidated Financial Statements. On July 1, 2018, Greene County Bancorp, Inc. adopted ASU 2016-01 amending 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. As of June 30, 2018, the Company had several small equity investments with a cost of $62,000 and a fair value of $217,000. On July 1, 2018, the Company recorded a cumulative-effect adjustment to increase retained earnings in the amount of $114,000 representing the unrealized gain, net of tax, on these equity securities. Changes in fair value during the three and nine months ended March 31, 2019 have been recognized in net income. ASU 2016-01 also emphasized the existing requirement to use exit prices to measure fair value for disclosure purposes and clarifies that entities not make use of a practicability exception in determining the fair value of loans. Accordingly, we refined the calculation used to determine the disclosed fair value of our loans as part of adopting this standard. See Note 6, Fair Value Measurements and Fair Value of Financial Instruments, for further information. On July 1, 2018, Greene County Bancorp, Inc. adopted ASU 2017-07 amending guidance on “Compensation - Retirement Benefits (Topic 715)” to improve the presentation of net periodic pension cost and net periodic postretirement benefit cost. ASU 2017-07 requires that an employer report the service cost component in the same line item or items as other compensation costs arising from services rendered by the pertinent employees during the period. The other components of net benefit cost are required to be presented in the income statement separately from the service cost component and outside a subtotal of income from operations, if one is presented. If a separate line item or items are used to present the other components of net benefit cost, that line item or items must be appropriately described. If a separate line item or items are not used, the line item or items used in the income statement to present the other components of net benefit cost must be disclosed. Prior to adoption of this update, the Company presented all components of net periodic pension cost in “salaries and employee benefits” on its income statement. The Company is presenting all components of net period pension cost in “other expense” for the three and nine months ended March 31, 2019 and 2018, as the Company’s defined pension plan does not have a service cost component since the plan was frozen in 2006. Further details regarding the Company’s net periodic pension cost are provided in Note 10 to these Unaudited Consolidated Financial Statements. 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 adoption of this guidance had no impact on our consolidated results of operations or financial position. In August 2016, the FASB issued an Update (ASU 2016-15) which clarifies how certain cash receipts and cash payments are presented and classified in the statement of cash flows. The amendments are intended to reduce diversity in practice. The amendment covers the following cash flows: Cash payments for debt prepayment or extinguishment costs will be classified in financing activities. Upon settlement of zero-coupon bonds and bonds with insignificant cash coupons, the portion of the payment attributable to imputed interest will be classified as an operating activity, while the portion of the payment attributable to principal will be classified as a financing activity. Cash paid by an acquirer that isn’t soon after a business combination for the settlement of a contingent consideration liability will be separated between financing activities and operating activities. Cash payments up to the amount of the contingent consideration liability recognized at the acquisition date will be classified in financing activities; any excess will be classified in operating activities. Cash paid soon after the business combination will be classified in investing activities. Cash proceeds received from the settlement of insurance claims will be classified on the basis of the related insurance coverage (that is, the nature of the loss). Cash proceeds from lump-sum settlements will be classified based on the nature of each loss included in the settlement. Cash proceeds received from the settlement of corporate-owned life insurance (COLI) and bank-owned life insurance (BOLI) policies will be classified as cash inflows from investing activities. Cash payments for premiums on COLI and BOLI may be classified as cash outflows for investing, operating, or a combination of both. A transferor’s beneficial interest obtained in a securitization of financial assets will be disclosed as a noncash activity, and cash received from beneficial interests will be classified in investing activities. Distributions received from equity method investees will be classified using either a cumulative earnings approach or a look- through approach as an accounting policy election. The ASU contains additional guidance clarifying when an entity should separate cash receipts and cash payments and classify them into more than one class of cash flows (including when reasonable judgment is required to estimate and allocate cash flows) versus when an entity should classify the aggregate amount into one class of cash flows on the basis of predominance. The adoption of this guidance had no impact on our consolidated results of operations or financial position. In November 2016, the FASB issued an Update (ASU 2016-18) to its guidance on “Statement of Cash Flows (Topic 230) Restricted Cash” addresses diversity in practice from entities classifying and presenting transfers between cash and restricted cash as operating, investing or financing activities or as a combination of those activities in the statement of cash flows. The ASU requires entities to show the changes in the total cash, cash equivalents, restricted cash and restricted cash equivalents in the Statement of Cash Flows. As a result, transfers between such categories will no longer be presented in the Statement of Cash Flows. The adoption of this guidance had no impact on our consolidated results of operations or financial position. In May 2017, the FASB issued an Update (ASU 2017-09) to its guidance on “Compensation - Stock Compensation (Topic 718)” such that an entity must apply modification accounting to changes in the terms or conditions of a share-based payment award unless all of the following criteria are met: (1) The fair value of the modified award is the same as the fair value of the original award immediately before the modification. The standard indicates that if the modification does not affect any of the inputs to the valuation technique used to value the award, the entity is not required to estimate the value immediately before and after the modification. (2) The vesting conditions of the modified award are the same as the vesting conditions of the original award immediately before the modification. (3) The classification of the modified award as an equity instrument or a liability instrument is the same as the classification of the original award immediately before the modification. The adoption of this guidance had no impact on our consolidated results of operations or financial position. Accounting Pronouncements to be adopted in future periods 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 adoption of this ASU will result in a gross up of the Consolidated Statements of Financial Condition for right-of-use assets and associated lease liabilities for operating leases in which the Company is the lessee. The adoption of this guidance is not expected to have a material impact on our consolidated results of operations. Branch building leases have been reviewed and are considered immaterial to the financial statements; there are no equipment leases to consider. In June 2016, the FASB issued an Update (ASU 2016-13) to its guidance on “Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments”. ASU 2016-13 requires credit losses on most financial assets measured at amortized cost and certain other instruments to be measured using an expected credit loss model (referred to as the current expected credit loss (CECL) model). Under this model, entities will estimate credit losses over the entire contractual term of the instrument (considering estimated prepayments, but not expected extensions or modifications unless reasonable expectation of a troubled debt restructuring exists) from the date of initial recognition of that instrument. The ASU also replaces the current accounting model for purchased credit impaired loans and debt securities. The allowance for credit losses for purchased financial assets with a more-than insignificant amount of credit deterioration since origination (“PCD assets”), should be determined in a similar manner to other financial assets measured on an amortized cost basis. However, upon initial recognition, the allowance for credit losses is added to the purchase price (“gross up approach”) to determine the initial amortized cost basis. The subsequent accounting for PCD financial assets is the same expected loss model described above. Further, the ASU made certain targeted amendments to the existing impairment model for available-for-sale (AFS) debt securities. For an AFS debt security for which there is neither the intent nor a more-likely-than-not requirement to sell, an entity will record credit losses as an allowance rather than a write-down of the amortized cost basis. For public business entities that are U.S. Securities and Exchange Commission (SEC) filers, the amendments in this Update are effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. All entities may adopt the amendments in this Update earlier as of the fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. An entity will apply the amendments in this Update through a cumulative-effect adjustment to retained earnings as of the beginning of the first reporting period in which the guidance is effective (that is, a modified-retrospective approach). In November 2018, the FASB issued ASU 2018-19, Codification Improvements to Topic 326, Financial Instruments-Credit Losses, which aligns the implementation date for nonpublic entities’ annual financial statements with the implementation date for their interim financial statements and clarifies the scope of the guidance in the amendments in ASU 2016-13. In April 2019, the FASB issued ASU 2019-04, Codification Improvements to Topic 326, Financial Instruments-Credit Losses, Topic 815, Derivatives and Hedging, and Topic 825, Financial Instruments. ASU 2019-04 clarifies or addresses stakeholders’ specific issues about certain aspects of the amendments in Update 2016-13 related to measuring the allowance for loan losses under the new guidance. The effective dates and transition requirements for the amendments related to this Update are the same as the effective dates and transition requirements in Update 2016-13. The Company is currently evaluating the potential impact on our consolidated results of operations or financial position. The initial adjustment will not be reported in earnings and therefore will not have any material impact on our consolidated results of operations, but it is expected that it will have an impact on our consolidated financial position at the date of adoption of this Update. At this time, we have not calculated the estimated impact that this Update will have on our Allowance for Loan Losses, however, we anticipate it will have a significant impact on the methodology process we utilize to calculate the allowance. A vendor has been selected and alternative methodologies are currently being considered. Data requirements and integrity are being reviewed and enhancements incorporated into standard processes. The Company is in the early stages of evaluation and implementation of the guidance. In March 2017, the FASB issued an Update (ASU 2017-08) to its guidance on “Receivables – Nonrefundable Fees and Other Costs (Subtopic 310-20) related to premium amortization on purchased callable debt securities. The amendments in this Update shorten the amortization period for certain callable debt securities held at a premium. Specifically, the amendments require the premium to be amortized to the earliest call date. The amendments do not require an accounting change for securities held at a discount; the discount continues to be amortized to maturity. For public business entities, the amendments in this Update are effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018. Early adoption is permitted, including adoption in an interim period. If an entity early adopts the amendments in an interim period, any adjustments should be reflected as of the beginning of the fiscal year that includes that interim period. An entity should apply the amendments in this Update on a modified retrospective basis through a cumulative-effect adjustment directly to retained earnings as of the beginning of the period of adoption. Additionally, in the period of adoption, an entity should provide disclosure about a change in accounting principle. The adoption of this guidance is not expected to have a material impact on our consolidated results of operations or financial position. In August 2018, the FASB issued an Update (ASU 2018-13) to its guidance on “Fair Value Measurement (Topic 820)”. This update modifies the disclosure requirements on fair value measurements. The following disclosure requirements were removed from Topic 820: (1) the amount of and reasons for transfers between Level 1 and Level 2 of the fair value hierarchy; (2) the policy for timing of transfers between levels; (3) the valuation processes for Level 3 fair value measurements; and (4) for nonpublic entities, the changes in unrealized gains and losses for the period included in earnings for recurring Level 3 fair value measurements held at the end of the reporting period. The following disclosure requirements were modified in Topic 820: (1) in lieu of a rollforward for Level 3 fair value measurements, a nonpublic entity is required to disclose transfers into and out of Level 3 of the fair value hierarchy and purchases and issues of Level 3 assets and liabilities; (2) for investments in certain entities that calculate net asset value, an entity is required to disclose the timing of liquidation of an investee’s assets and the date when restrictions from redemption might lapse only if the investee has communicated the timing to the entity or announced the timing publicly; and (3) the amendments clarify that the measurement uncertainty disclosure is to communicate information about the uncertainty in measurement as of the reporting date. The following disclosure requirements were added to Topic 820; however, the disclosures are not required for nonpublic entities: (1) the changes in unrealized gains and losses for the period included in other comprehensive income for recurring Level 3 fair value measurements held at the end of the reporting period; and (2) the range and weighted average of significant unobservable inputs used to develop Level 3 fair value measurements. For certain unobservable inputs, an entity may disclose other quantitative information (such as the median or arithmetic average) in lieu of the weighted average if the entity determines that other quantitative information would be a more reasonable and rational method to reflect the distribution of unobservable inputs used to develop Level 3 fair value measurements. In addition, the amendments eliminate at a minimum from the phrase “an entity shall disclose at a minimum” to promote the appropriate exercise of discretion by entities when considering fair value measurement disclosures and to clarify that materiality is an appropriate consideration of entities and their auditors when evaluating disclosure requirements. The amendments in ASU No. 2018-13 are effective for all entities for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019. The amendments on changes in unrealized gains and losses, the range and weighted average of significant unobservable inputs used to develop Level 3 fair value measurements, and the narrative description of measurement uncertainty should be applied prospectively for only the most recent interim or annual period presented in the initial fiscal year of adoption. All other amendments should be applied retrospectively to all periods presented upon their effective date. Early adoption is permitted. An entity is permitted to early adopt any removed or modified disclosures upon issuance of ASU No. 2018-13 and delay adoption of the additional disclosures until their effective date. The adoption of this guidance is not expected to have a material impact on our consolidated results of operations or financial position. In August 2018, the FASB has issued an Update (ASU No. 2018-14), “Compensation—Retirement Benefits—Defined Benefit Plans—General (Subtopic 715-20): Disclosure Framework—Changes to the Disclosure Requirements for Defined Benefit Plans”, that applies to all employers that sponsor defined benefit pension or other postretirement plans. The amendments modify the disclosure requirements for employers that sponsor defined benefit pension or other postretirement plans. The following disclosure requirements were removed from Subtopic 715-20: (1) the amounts in accumulated other comprehensive income expected to be recognized as components of net periodic benefit cost over the next fiscal year; (2) the amount and timing of plan assets expected to be returned to the employer; (3) the disclosures related to the June 2001 amendments to the Japanese Welfare Pension Insurance Law; related party disclosures about the amount of future annual benefits covered by insurance and annuity contracts and significant transactions between the employer or related parties and the plan; (4) for nonpublic entities, the reconciliation of the opening balances to the closing balances of plan assets measured on a recurring basis in Level 3 of the fair value hierarchy. However, nonpublic entities will be required to disclose separately the amounts of transfers into and out of Level 3 of the fair value hierarchy and purchases of Level 3 plan assets; and (5) for public entities, the effects of a one-percentage-point change in assumed health care cost trend rates on the (a) aggregate of the service and interest cost components of net periodic benefit costs and (b) benefit obligation for postretirement health care benefits. The following disclosure requirements were added to Subtopic 715-20: (1) the weighted-average interest crediting rates for cash balance plans and other plans with promised interest crediting rates; and (2) an explanation of the reasons for significant gains and losses related to changes in the benefit obligation for the period. The amendments also clarify the disclosure requirements in paragraph 715-20-50-3, which state that the following information for defined benefit pension plans should be disclosed: (1) the projected benefit obligation (PBO) and fair value of plan assets for plans with PBOs in excess of plan assets; and (2) the accumulated benefit obligation (ABO) and fair value of plan assets for plans with ABOs in excess of plan assets. ASU No. 2018-14 is effective for fiscal years ending after December 15, 2020, for public business entities and for fiscal years ending after December 15, 2021, for all other entities. Early adoption is permitted for all entities. The adoption of this guidance is not expected to have a material impact on our consolidated results of operations or financial position. In April 2019, the FASB issued an Update (ASU 2019-04), Codification Improvements to Topic 326, Financial Instruments-Credit Losses, Topic 815, Derivatives and Hedging, and Topic 825, Financial Instruments. The amendments to Topic 326 and other Topics in this Update include items related to the amendments in Update 2016-13 discussed at the June 2018 and November 2018 Credit Losses TRG meetings. The amendments clarify or address stakeholders’ specific issues about certain aspects of the amendments in Update 2016-13 on a number of different topics, including the following: Accrued Interest, Transfers between Classifications or Categories for Loans and Debt Securities, Recoveries, Consideration of Prepayments in Determining the Effective Interest Rate, Consideration of Estimated Costs to Sell When Foreclosure Is Probable, Vintage Disclosures— Line-of-Credit Arrangements Converted to Term Loans, and Contractual Extensions and Renewals. The ASU also covered a number of issues that related to hedge accounting including: Partial-Term Fair Value Hedges of Interest Rate Risk, Amortization of Fair Value Hedge Basis Adjustments, Disclosure of Fair Value Hedge Basis Adjustments, Consideration of the Hedged Contractually Specified Interest Rate under the Hypothetical Derivative Method, Scoping for Not-for-Profit Entities, Hedge Accounting Provisions Applicable to Certain Private Companies and Not-for- Profit Entities, Application of a First- Payments-Received Cash Flow Hedging Technique to Overall Cash Flows on a Group of Variable Interest Payments, and Transition Guidance For Codification Improvements specific to ASU 2016-01, the following topics were covered within ASU 2019-04: Scope Clarifications, Held-to-Maturity Debt Securities Fair Value Disclosures, Applicability of Topic 820 to the Measurement Alternative, and Remeasurement of Equity Securities at Historical Exchange Rates. ASU 2019-04 has various implementation dates dependent on a number of factors as it pertains to the above items. The Company is in the early stages of evaluation of the guidance.

Employee Benefit Plans

Employee Benefit Plans	9 Months Ended
	Mar. 31, 2019
Employee Benefit Plans [Abstract]
Employee Benefit Plans	(10) Employee Benefit Plans Defined Benefit Plan The components of net periodic pension cost related to the defined benefit pension plan for the three and nine months ended March 31, 2019 and 2018 were as follows: Three months ended March 31, Nine months ended March 31, (In thousands) 2019 2018 2019 2018 Interest cost $ 54 $ 55 $ 162 $ 165 Expected return on plan assets (59 ) (62 ) (177 ) (186 ) Amortization of net loss 35 42 105 126 Net periodic pension cost $ 30 $ 35 $ 90 $ 105 The Company made a contribution of $230,000 to the defined benefit pension plan during the nine months ended March 31, 2019. It does not anticipate that it will make any additional contributions to the defined benefit pension plan during the remainder of fiscal 2019. SERP The Board of Directors of Bank of Greene County adopted 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”). The SERP Plan is more fully described in Note 9 of the consolidated financial statements and notes thereto for the year ended June 30, 2018. The net periodic pension costs related to the SERP Plan for the three and nine months ended March 31, 2019 were $165,000 and $487,000, respectively, and for the three and nine months ended March 31, 2018 were $108,000 and $316,000, respectively, consisting primarily of service costs and interest costs. The total liability for the SERP Plan was $4.6 million and $3.9 million at March 31, 2019 and June 30, 2018, respectively, and is included in accrued expenses and other liabilities. The total liability for the SERP Plan includes both accumulated net periodic pension costs and participant contributions.

Stock-Based Compensation

Stock-Based Compensation	9 Months Ended
	Mar. 31, 2019
Stock-Based Compensation [Abstract]
Stock-Based Compensation	(11) Stock-Based Compensation Stock Option Plan The Company’s 2008 Option Plan expired on August 19, 2018. All options were exercised prior to June 30, 2018. A summary of the Company’s stock option activity and related information for this option plan for the nine months ended March 31, 2018 was as follows: March 31, 2018 Shares Weighted Average Exercise Price Per Share Outstanding at beginning of year 37,770 $ 6.25 Exercised (24,000 ) $ 6.25 Outstanding and exercisable at period end 13,770 $ 6.25 The intrinsic value of options both outstanding and exercisable was $419,000 at March 31, 2018. The total intrinsic value of the options exercised during the three and nine months ended March 31, 2018 was approximately $563,000 and $666,000, respectively. There were no stock options granted during the nine months ended March 31, 2018. Phantom Stock Option Plan and Long-term Incentive Plan The Greene County Bancorp, Inc. 2011 Phantom Stock Option and Long-term Incentive Plan (the “Plan”) was adopted effective July 1, 2011, to promote the long-term financial success of the Company and its subsidiaries by providing a means to attract, retain and reward individuals who contribute to such success and to further align their interests with those of the Company’s shareholders. 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 Plan is more fully described in Note 10 of the consolidated financial statements and notes thereto for the year ended June 30, 2018. A summary of the Company’s phantom stock option activity and related information for the Plan for the three and nine months ended March 31, 2019 and 2018 is as follows: Three months ended March 31, Nine months ended March 31, 2019 2018 2019 2018 Number of options outstanding, beginning of period 1,742,100 1,634,160 1,634,160 1,522,720 Options Granted - - 592,700 594,200 Options Forfeited - - - (27,000 ) Options Paid in Cash (18,000 ) - (502,760 ) (455,760 ) Number of options outstanding, end of period 1,724,100 1,634,160 1,724,100 1,634,160 Three months ended March 31, Nine months ended March 31, (In thousands) 2019 2018 2019 2018 Cash paid out on options vested $ 41 $ - $ 1,745 $ 1,187 Compensation costs recognized 810 640 2,021 1,460 The total liability for the Plan was $3.3

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	9 Months Ended
	Mar. 31, 2019
Accumulated Other Comprehensive Loss [Abstract]
Accumulated Other Comprehensive Loss	(12) Accumulated Other Comprehensive Loss The components of accumulated other comprehensive loss for the three and nine months ended March 31, 2019 and 2018 are presented in the following table: Activity for the three months ended March 31, 2019 and 2018 ( In thousands Unrealized gain (losses) on securities available-for-sale Pension benefits Total Balance at December 31, 2017 $ 290 $ (1,604 ) $ (1,314 ) Other comprehensive loss before reclassification (326 ) - (326 ) Amounts reclassified from accumulated other comprehensive income - - - Other comprehensive loss for the three months ended March 31, 2018 (326 ) - (326 ) Reclassification of stranded tax effect (1) 57 (316 ) (259 ) Balance at March 31, 2018 $ 21 $ (1,920 ) $ (1,899 ) Balance at December 31, 2018 $ 113 $ (1,633 ) $ (1,520 ) Other comprehensive income before reclassification 181 - 181 Amounts reclassified from accumulated other comprehensive income - - - Other comprehensive income for the three months ended March 31, 2019 181 - 181 Reclassification for change in accounting (2) - - - Balance at March 31, 2019 $ 294 $ (1,633 ) $ (1,339 ) Activity for the nine months ended March 31, 2019 and 2018 ( In thousands Unrealized gain (losses) on securities available-for-sale Pension benefits Total Balance at June 30, 2017 $ 612 $ (1,604 ) $ (992 ) Other comprehensive loss before reclassification (648 ) - (648 ) Amounts reclassified from accumulated other comprehensive income - - - Other comprehensive loss for the nine months ended March 31, 2018 (648 ) - (648 ) Reclassification of stranded tax effect (1) 57 (316 ) (259 ) Balance at March 31, 2018 $ 21 $ (1,920 ) $ (1,899 ) Balance at June 30, 2018 $ 10 $ (1,633 ) $ (1,623 ) Other comprehensive income before reclassification 398 - 398 Amounts reclassified from accumulated other comprehensive income - - - Other comprehensive income for the nine months ended March 31, 2019 398 - 398 Reclassification for change in accounting (2) (114 ) - (114 ) Balance at March 31, 2019 $ 294 $ (1,633 ) $ (1,339 ) (1) Adoption of Accounting Standard Update 2018-02, reclassification from accumulated other comprehensive loss to retained earnings for stranded tax effects resulting from newly enacted Federal corporate income tax rate from 34% to 21%. (2) Adoption of ASU 2016-01 – cumulative effect of change in measurement of equity securities.

Revenue from Contracts with Cus

Revenue from Contracts with Customers	9 Months Ended
	Mar. 31, 2019
Revenue from Contracts with Customers [Abstract]
Revenue from Contracts with Customers	(13) Revenue from Contracts with Customers The majority of the Company’s revenue-generating transactions are not subject to ASC Topic 606, including revenue generated from financial instruments, such as loans and investment securities which are presented in our consolidated income statements as components of net interest income. All of the Company’s revenue from contracts with customers in the scope of ASC 606 is recognized within non-interest income, with the exception of net gains and losses from sales of foreclosed real estate, which is recognized within non-interest expense. The following table presents revenues subject to ASC 606 for the three and nine months ended March 31, 2019 and 2018, respectively. For the three months ended March 31, For the nine months ended March 31, (In thousands) 2019 2018 2019 2018 Service charges on deposit accounts Insufficient funds fees $ 855 $ 839 $ 2,782 $ 2,439 Deposit related fees 39 39 117 116 ATM/point of sale fees 66 54 204 162 Total service charges 960 932 3,103 2,717 Interchange fee income Debit card interchange fees 604 566 1,929 1,723 E-commerce fee income E-commerce fees 31 31 102 104 Investment services income Investment services 145 138 396 332 Sales of assets Net (loss) gain on sale of foreclosed real estate (25 ) (20 ) (34 ) 33 Service Charges on Deposit Accounts Debit Card Interchange Fee Income E-commerce income Investment Services Income Net Gains/Losses on Sales of Foreclosed Real Estate

Subsequent events

Subsequent events	9 Months Ended
	Mar. 31, 2019
Subsequent events [Abstract]
Subsequent events	(14) Subsequent events On April 16, 2019, the Board of Directors declared a cash dividend for the quarter ended March 31, 2019 of $0.10 per share on Greene County Bancorp, Inc.’s common stock. The dividend reflects an annual cash dividend rate of $0.40 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 15, 2019, and will be paid on May 31, 2019. The MHC intends to waive its receipt of this dividend.

Basis of Presentation (Policies

Basis of Presentation (Policies)	9 Months Ended
	Mar. 31, 2019
Basis of Presentation [Abstract]
Basis of Presentation	Within the accompanying unaudited consolidated statement of financial condition, and related notes to the consolidated financial statements, June 30, 2018 data was derived from the audited consolidated financial statements of Greene County Bancorp, Inc. (the “Company”) and its wholly owned subsidiaries, Bank of Greene County (the “Bank”) and Greene Risk Management, Inc., and the Bank’s wholly owned subsidiaries, Greene County Commercial Bank and Greene Property Holdings, Ltd. The consolidated financial statements at and for the three and nine months ended March 31, 2019 and 2018 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, 2018, such information and notes have not been duplicated herein. In the opinion of management, all adjustments (consisting of only normal recurring items) necessary for a fair presentation of the financial position and results of operations and cash flows at and for the periods presented have been included. Amounts in the prior year’s consolidated financial statements have been reclassified whenever necessary to conform to the current year’s presentation. These reclassifications, if any, had no effect on net income or retained earnings as previously reported. All material inter-company accounts and transactions have been eliminated in the consolidation. The results of operations and other data for the three and nine months ended March 31, 2019 are not necessarily indicative of results that may be expected for the entire fiscal year ending June 30, 2019. 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 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 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, 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. There have been no significant changes in the application of this critical accounting policy during the three and nine months ended March 31, 2019. 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 equity security for a period of time sufficient for a recovery in value; recent events specific to the issuer or industry; and for debt securities, the 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 write-downs to fair value 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, 2019
Use of Estimates [Abstract]
Use of Estimates	The preparation of consolidated 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 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 through earnings.

Securities (Policies)

Securities (Policies)	9 Months Ended
	Mar. 31, 2019
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 three and nine months ended March 31, 2019 or 2018.

Impact of Recent Accounting P_2

Impact of Recent Accounting Pronouncements (Policies)	9 Months Ended
	Mar. 31, 2019
Impact of Recent Accounting Pronouncements [Abstract]
Impact of Recent Accounting Pronouncements	Accounting Pronouncements Recently Adopted The following accounting standards have been adopted in the first quarter of the fiscal year ending June 30, 2019: On July 1, 2018, Greene County Bancorp, Inc. adopted Accounting Standard Update (“ASU”) 2014-09 amending 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 replaces most existing revenue recognition guidance under GAAP. A significant amount of the Company’s revenues are derived from net interest income on financial assets and liabilities, which are excluded from the scope of the amended guidance. With respect to noninterest income, the Company has identified revenue streams within the scope of the guidance, which include service charges on deposits, interchange income, investment services fees and gains (losses) from the transfer of other real estate owned. Further details regarding the revenue recognition of these revenue streams is provided in Note 13 to these Unaudited Consolidated Financial Statements. On July 1, 2018, Greene County Bancorp, Inc. adopted ASU 2016-01 amending 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. As of June 30, 2018, the Company had several small equity investments with a cost of $62,000 and a fair value of $217,000. On July 1, 2018, the Company recorded a cumulative-effect adjustment to increase retained earnings in the amount of $114,000 representing the unrealized gain, net of tax, on these equity securities. Changes in fair value during the three and nine months ended March 31, 2019 have been recognized in net income. ASU 2016-01 also emphasized the existing requirement to use exit prices to measure fair value for disclosure purposes and clarifies that entities not make use of a practicability exception in determining the fair value of loans. Accordingly, we refined the calculation used to determine the disclosed fair value of our loans as part of adopting this standard. See Note 6, Fair Value Measurements and Fair Value of Financial Instruments, for further information. On July 1, 2018, Greene County Bancorp, Inc. adopted ASU 2017-07 amending guidance on “Compensation - Retirement Benefits (Topic 715)” to improve the presentation of net periodic pension cost and net periodic postretirement benefit cost. ASU 2017-07 requires that an employer report the service cost component in the same line item or items as other compensation costs arising from services rendered by the pertinent employees during the period. The other components of net benefit cost are required to be presented in the income statement separately from the service cost component and outside a subtotal of income from operations, if one is presented. If a separate line item or items are used to present the other components of net benefit cost, that line item or items must be appropriately described. If a separate line item or items are not used, the line item or items used in the income statement to present the other components of net benefit cost must be disclosed. Prior to adoption of this update, the Company presented all components of net periodic pension cost in “salaries and employee benefits” on its income statement. The Company is presenting all components of net period pension cost in “other expense” for the three and nine months ended March 31, 2019 and 2018, as the Company’s defined pension plan does not have a service cost component since the plan was frozen in 2006. Further details regarding the Company’s net periodic pension cost are provided in Note 10 to these Unaudited Consolidated Financial Statements. 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 adoption of this guidance had no impact on our consolidated results of operations or financial position. In August 2016, the FASB issued an Update (ASU 2016-15) which clarifies how certain cash receipts and cash payments are presented and classified in the statement of cash flows. The amendments are intended to reduce diversity in practice. The amendment covers the following cash flows: Cash payments for debt prepayment or extinguishment costs will be classified in financing activities. Upon settlement of zero-coupon bonds and bonds with insignificant cash coupons, the portion of the payment attributable to imputed interest will be classified as an operating activity, while the portion of the payment attributable to principal will be classified as a financing activity. Cash paid by an acquirer that isn’t soon after a business combination for the settlement of a contingent consideration liability will be separated between financing activities and operating activities. Cash payments up to the amount of the contingent consideration liability recognized at the acquisition date will be classified in financing activities; any excess will be classified in operating activities. Cash paid soon after the business combination will be classified in investing activities. Cash proceeds received from the settlement of insurance claims will be classified on the basis of the related insurance coverage (that is, the nature of the loss). Cash proceeds from lump-sum settlements will be classified based on the nature of each loss included in the settlement. Cash proceeds received from the settlement of corporate-owned life insurance (COLI) and bank-owned life insurance (BOLI) policies will be classified as cash inflows from investing activities. Cash payments for premiums on COLI and BOLI may be classified as cash outflows for investing, operating, or a combination of both. A transferor’s beneficial interest obtained in a securitization of financial assets will be disclosed as a noncash activity, and cash received from beneficial interests will be classified in investing activities. Distributions received from equity method investees will be classified using either a cumulative earnings approach or a look- through approach as an accounting policy election. The ASU contains additional guidance clarifying when an entity should separate cash receipts and cash payments and classify them into more than one class of cash flows (including when reasonable judgment is required to estimate and allocate cash flows) versus when an entity should classify the aggregate amount into one class of cash flows on the basis of predominance. The adoption of this guidance had no impact on our consolidated results of operations or financial position. In November 2016, the FASB issued an Update (ASU 2016-18) to its guidance on “Statement of Cash Flows (Topic 230) Restricted Cash” addresses diversity in practice from entities classifying and presenting transfers between cash and restricted cash as operating, investing or financing activities or as a combination of those activities in the statement of cash flows. The ASU requires entities to show the changes in the total cash, cash equivalents, restricted cash and restricted cash equivalents in the Statement of Cash Flows. As a result, transfers between such categories will no longer be presented in the Statement of Cash Flows. The adoption of this guidance had no impact on our consolidated results of operations or financial position. In May 2017, the FASB issued an Update (ASU 2017-09) to its guidance on “Compensation - Stock Compensation (Topic 718)” such that an entity must apply modification accounting to changes in the terms or conditions of a share-based payment award unless all of the following criteria are met: (1) The fair value of the modified award is the same as the fair value of the original award immediately before the modification. The standard indicates that if the modification does not affect any of the inputs to the valuation technique used to value the award, the entity is not required to estimate the value immediately before and after the modification. (2) The vesting conditions of the modified award are the same as the vesting conditions of the original award immediately before the modification. (3) The classification of the modified award as an equity instrument or a liability instrument is the same as the classification of the original award immediately before the modification. The adoption of this guidance had no impact on our consolidated results of operations or financial position. Accounting Pronouncements to be adopted in future periods 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 adoption of this ASU will result in a gross up of the Consolidated Statements of Financial Condition for right-of-use assets and associated lease liabilities for operating leases in which the Company is the lessee. The adoption of this guidance is not expected to have a material impact on our consolidated results of operations. Branch building leases have been reviewed and are considered immaterial to the financial statements; there are no equipment leases to consider. In June 2016, the FASB issued an Update (ASU 2016-13) to its guidance on “Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments”. ASU 2016-13 requires credit losses on most financial assets measured at amortized cost and certain other instruments to be measured using an expected credit loss model (referred to as the current expected credit loss (CECL) model). Under this model, entities will estimate credit losses over the entire contractual term of the instrument (considering estimated prepayments, but not expected extensions or modifications unless reasonable expectation of a troubled debt restructuring exists) from the date of initial recognition of that instrument. The ASU also replaces the current accounting model for purchased credit impaired loans and debt securities. The allowance for credit losses for purchased financial assets with a more-than insignificant amount of credit deterioration since origination (“PCD assets”), should be determined in a similar manner to other financial assets measured on an amortized cost basis. However, upon initial recognition, the allowance for credit losses is added to the purchase price (“gross up approach”) to determine the initial amortized cost basis. The subsequent accounting for PCD financial assets is the same expected loss model described above. Further, the ASU made certain targeted amendments to the existing impairment model for available-for-sale (AFS) debt securities. For an AFS debt security for which there is neither the intent nor a more-likely-than-not requirement to sell, an entity will record credit losses as an allowance rather than a write-down of the amortized cost basis. For public business entities that are U.S. Securities and Exchange Commission (SEC) filers, the amendments in this Update are effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. All entities may adopt the amendments in this Update earlier as of the fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. An entity will apply the amendments in this Update through a cumulative-effect adjustment to retained earnings as of the beginning of the first reporting period in which the guidance is effective (that is, a modified-retrospective approach). In November 2018, the FASB issued ASU 2018-19, Codification Improvements to Topic 326, Financial Instruments-Credit Losses, which aligns the implementation date for nonpublic entities’ annual financial statements with the implementation date for their interim financial statements and clarifies the scope of the guidance in the amendments in ASU 2016-13. In April 2019, the FASB issued ASU 2019-04, Codification Improvements to Topic 326, Financial Instruments-Credit Losses, Topic 815, Derivatives and Hedging, and Topic 825, Financial Instruments. ASU 2019-04 clarifies or addresses stakeholders’ specific issues about certain aspects of the amendments in Update 2016-13 related to measuring the allowance for loan losses under the new guidance. The effective dates and transition requirements for the amendments related to this Update are the same as the effective dates and transition requirements in Update 2016-13. The Company is currently evaluating the potential impact on our consolidated results of operations or financial position. The initial adjustment will not be reported in earnings and therefore will not have any material impact on our consolidated results of operations, but it is expected that it will have an impact on our consolidated financial position at the date of adoption of this Update. At this time, we have not calculated the estimated impact that this Update will have on our Allowance for Loan Losses, however, we anticipate it will have a significant impact on the methodology process we utilize to calculate the allowance. A vendor has been selected and alternative methodologies are currently being considered. Data requirements and integrity are being reviewed and enhancements incorporated into standard processes. The Company is in the early stages of evaluation and implementation of the guidance. In March 2017, the FASB issued an Update (ASU 2017-08) to its guidance on “Receivables – Nonrefundable Fees and Other Costs (Subtopic 310-20) related to premium amortization on purchased callable debt securities. The amendments in this Update shorten the amortization period for certain callable debt securities held at a premium. Specifically, the amendments require the premium to be amortized to the earliest call date. The amendments do not require an accounting change for securities held at a discount; the discount continues to be amortized to maturity. For public business entities, the amendments in this Update are effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018. Early adoption is permitted, including adoption in an interim period. If an entity early adopts the amendments in an interim period, any adjustments should be reflected as of the beginning of the fiscal year that includes that interim period. An entity should apply the amendments in this Update on a modified retrospective basis through a cumulative-effect adjustment directly to retained earnings as of the beginning of the period of adoption. Additionally, in the period of adoption, an entity should provide disclosure about a change in accounting principle. The adoption of this guidance is not expected to have a material impact on our consolidated results of operations or financial position. In August 2018, the FASB issued an Update (ASU 2018-13) to its guidance on “Fair Value Measurement (Topic 820)”. This update modifies the disclosure requirements on fair value measurements. The following disclosure requirements were removed from Topic 820: (1) the amount of and reasons for transfers between Level 1 and Level 2 of the fair value hierarchy; (2) the policy for timing of transfers between levels; (3) the valuation processes for Level 3 fair value measurements; and (4) for nonpublic entities, the changes in unrealized gains and losses for the period included in earnings for recurring Level 3 fair value measurements held at the end of the reporting period. The following disclosure requirements were modified in Topic 820: (1) in lieu of a rollforward for Level 3 fair value measurements, a nonpublic entity is required to disclose transfers into and out of Level 3 of the fair value hierarchy and purchases and issues of Level 3 assets and liabilities; (2) for investments in certain entities that calculate net asset value, an entity is required to disclose the timing of liquidation of an investee’s assets and the date when restrictions from redemption might lapse only if the investee has communicated the timing to the entity or announced the timing publicly; and (3) the amendments clarify that the measurement uncertainty disclosure is to communicate information about the uncertainty in measurement as of the reporting date. The following disclosure requirements were added to Topic 820; however, the disclosures are not required for nonpublic entities: (1) the changes in unrealized gains and losses for the period included in other comprehensive income for recurring Level 3 fair value measurements held at the end of the reporting period; and (2) the range and weighted average of significant unobservable inputs used to develop Level 3 fair value measurements. For certain unobservable inputs, an entity may disclose other quantitative information (such as the median or arithmetic average) in lieu of the weighted average if the entity determines that other quantitative information would be a more reasonable and rational method to reflect the distribution of unobservable inputs used to develop Level 3 fair value measurements. In addition, the amendments eliminate at a minimum from the phrase “an entity shall disclose at a minimum” to promote the appropriate exercise of discretion by entities when considering fair value measurement disclosures and to clarify that materiality is an appropriate consideration of entities and their auditors when evaluating disclosure requirements. The amendments in ASU No. 2018-13 are effective for all entities for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019. The amendments on changes in unrealized gains and losses, the range and weighted average of significant unobservable inputs used to develop Level 3 fair value measurements, and the narrative description of measurement uncertainty should be applied prospectively for only the most recent interim or annual period presented in the initial fiscal year of adoption. All other amendments should be applied retrospectively to all periods presented upon their effective date. Early adoption is permitted. An entity is permitted to early adopt any removed or modified disclosures upon issuance of ASU No. 2018-13 and delay adoption of the additional disclosures until their effective date. The adoption of this guidance is not expected to have a material impact on our consolidated results of operations or financial position. In August 2018, the FASB has issued an Update (ASU No. 2018-14), “Compensation—Retirement Benefits—Defined Benefit Plans—General (Subtopic 715-20): Disclosure Framework—Changes to the Disclosure Requirements for Defined Benefit Plans”, that applies to all employers that sponsor defined benefit pension or other postretirement plans. The amendments modify the disclosure requirements for employers that sponsor defined benefit pension or other postretirement plans. The following disclosure requirements were removed from Subtopic 715-20: (1) the amounts in accumulated other comprehensive income expected to be recognized as components of net periodic benefit cost over the next fiscal year; (2) the amount and timing of plan assets expected to be returned to the employer; (3) the disclosures related to the June 2001 amendments to the Japanese Welfare Pension Insurance Law; related party disclosures about the amount of future annual benefits covered by insurance and annuity contracts and significant transactions between the employer or related parties and the plan; (4) for nonpublic entities, the reconciliation of the opening balances to the closing balances of plan assets measured on a recurring basis in Level 3 of the fair value hierarchy. However, nonpublic entities will be required to disclose separately the amounts of transfers into and out of Level 3 of the fair value hierarchy and purchases of Level 3 plan assets; and (5) for public entities, the effects of a one-percentage-point change in assumed health care cost trend rates on the (a) aggregate of the service and interest cost components of net periodic benefit costs and (b) benefit obligation for postretirement health care benefits. The following disclosure requirements were added to Subtopic 715-20: (1) the weighted-average interest crediting rates for cash balance plans and other plans with promised interest crediting rates; and (2) an explanation of the reasons for significant gains and losses related to changes in the benefit obligation for the period. The amendments also clarify the disclosure requirements in paragraph 715-20-50-3, which state that the following information for defined benefit pension plans should be disclosed: (1) the projected benefit obligation (PBO) and fair value of plan assets for plans with PBOs in excess of plan assets; and (2) the accumulated benefit obligation (ABO) and fair value of plan assets for plans with ABOs in excess of plan assets. ASU No. 2018-14 is effective for fiscal years ending after December 15, 2020, for public business entities and for fiscal years ending after December 15, 2021, for all other entities. Early adoption is permitted for all entities. The adoption of this guidance is not expected to have a material impact on our consolidated results of operations or financial position. In April 2019, the FASB issued an Update (ASU 2019-04), Codification Improvements to Topic 326, Financial Instruments-Credit Losses, Topic 815, Derivatives and Hedging, and Topic 825, Financial Instruments. The amendments to Topic 326 and other Topics in this Update include items related to the amendments in Update 2016-13 discussed at the June 2018 and November 2018 Credit Losses TRG meetings. The amendments clarify or address stakeholders’ specific issues about certain aspects of the amendments in Update 2016-13 on a number of different topics, including the following: Accrued Interest, Transfers between Classifications or Categories for Loans and Debt Securities, Recoveries, Consideration of Prepayments in Determining the Effective Interest Rate, Consideration of Estimated Costs to Sell When Foreclosure Is Probable, Vintage Disclosures— Line-of-Credit Arrangements Converted to Term Loans, and Contractual Extensions and Renewals. The ASU also covered a number of issues that related to hedge accounting including: Partial-Term Fair Value Hedges of Interest Rate Risk, Amortization of Fair Value Hedge Basis Adjustments, Disclosure of Fair Value Hedge Basis Adjustments, Consideration of the Hedged Contractually Specified Interest Rate under the Hypothetical Derivative Method, Scoping for Not-for-Profit Entities, Hedge Accounting Provisions Applicable to Certain Private Companies and Not-for- Profit Entities, Application of a First- Payments-Received Cash Flow Hedging Technique to Overall Cash Flows on a Group of Variable Interest Payments, and Transition Guidance For Codification Improvements specific to ASU 2016-01, the following topics were covered within ASU 2019-04: Scope Clarifications, Held-to-Maturity Debt Securities Fair Value Disclosures, Applicability of Topic 820 to the Measurement Alternative, and Remeasurement of Equity Securities at Historical Exchange Rates. ASU 2019-04 has various implementation dates dependent on a number of factors as it pertains to the above items. The Company is in the early stages of evaluation of the guidance.

Securities (Tables)

Securities (Tables)	9 Months Ended
	Mar. 31, 2019
Securities [Abstract]
Components of Securities	Securities at March 31, 2019 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 $ 5,528 $ 19 $ - $ 5,547 State and political subdivisions 77,075 291 - 77,366 Mortgage-backed securities-residential 2,795 14 46 2,763 Mortgage-backed securities-multi-family 16,448 153 26 16,575 Corporate debt securities 1,764 - 7 1,757 Total securities available-for-sale 103,610 477 79 104,008 Securities held-to-maturity: U.S. government sponsored enterprises 9,248 - 50 9,198 State and political subdivisions 144,208 4,526 119 148,615 Mortgage-backed securities-residential 4,861 62 - 4,923 Mortgage-backed securities-multi-family 130,033 1,048 314 130,767 Corporate debt securities 1,475 6 15 1,466 Other securities 1,631 24 2 1,653 Total securities held-to-maturity 291,456 5,666 500 296,622 Total securities $ 395,066 $ 6,143 $ 579 $ 400,630 Securities at June 30, 2018 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 $ 5,543 $ 18 $ 30 $ 5,531 State and political subdivisions 92,052 204 1 92,255 Mortgage-backed securities-residential 3,332 13 98 3,247 Mortgage-backed securities-multi-family 18,249 64 244 18,069 Corporate debt securities 1,771 - 67 1,704 Total securities available-for-sale 120,947 299 440 120,806 Securities held-to-maturity: U.S. government sponsored enterprises 9,245 - 278 8,967 State and political subdivisions 136,335 3,091 532 138,894 Mortgage-backed securities-residential 6,472 72 7 6,537 Mortgage-backed securities-multi-family 118,780 123 2,845 116,058 Corporate debt securities 1,466 11 9 1,468 Other securities 2,252 16 15 2,253 Total securities held-to-maturity 274,550 3,313 3,686 274,177 Total securities $ 395,497 $ 3,612 $ 4,126 $ 394,983
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, 2019. 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 $ 871 $ 41 1 $ 1,114 $ 5 2 $ 1,985 $ 46 3 Mortgage-backed securities-multi-family - - - 2,927 26 2 2,927 26 2 Corporate debt securities - - - 1,758 7 6 1,758 7 6 Total securities available-for-sale 871 41 1 5,799 38 10 6,670 79 11 Securities held-to-maturity: U.S. government sponsored enterprises - - - 6,197 50 3 6,197 50 3 State and political subdivisions 11,292 71 89 7,197 48 68 18,489 119 157 Mortgage-backed securities-multi-family 27,717 213 10 18,961 101 14 46,678 314 24 Corporate debt securities - - - 460 15 1 460 15 1 Other securities - - - 478 2 1 478 2 1 Total securities held-to-maturity 39,009 284 99 33,293 216 87 72,302 500 186 Total securities $ 39,880 $ 325 100 $ 39,092 $ 254 97 $ 78,972 $ 579 197 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, 2018. 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: U.S. government sponsored enterprises $ 969 $ 30 1 $ - $ - - $ 969 $ 30 1 State and political subdivisions 2,094 1 4 - - - 2,094 1 4 Mortgage-backed securities-residential 2,420 98 3 - - - 2,420 98 3 Mortgage-backed securities-multi-family 9,177 244 7 - - - 9,177 244 7 Corporate debt securities 1,450 65 6 254 2 1 1,704 67 7 Total securities available-for-sale 16,110 438 21 254 2 1 16,364 440 22 Securities held-to-maturity: U.S. government sponsored enterprises 7,018 227 1 1,949 51 1 8,967 278 2 State and political subdivisions 34,743 434 167 4,352 98 34 39,095 532 201 Mortgage-backed securities-residential 1,403 7 3 - - - 1,403 7 3 Mortgage-backed securities-multi-family 94,927 2,586 45 6,398 259 3 101,325 2,845 48 Corporate debt securities 457 9 1 - - - 457 9 1 Other securities 892 14 1 75 1 1 967 15 2 Total securities held-to-maturity 139,440 3,277 218 12,774 409 39 152,214 3,686 257 Total securities $ 155,550 $ 3,715 239 $ 13,028 $ 411 40 $ 168,578 $ 4,126 279
Investments Classified by Contractual Maturity Date	The estimated fair values of debt securities at March 31, 2019, 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 $ 79,329 $ 79,626 After one year through five years 2,525 2,537 After five years through ten years 2,513 2,507 After ten years - - Total available-for-sale debt securities 84,367 84,670 Mortgage-backed securities 19,243 19,338 Total available-for-sale securities 103,610 104,008 Held-to-maturity debt securities Within one year 26,727 26,944 After one year through five years 65,009 66,318 After five years through ten years 47,635 49,253 After ten years 17,191 18,417 Total held-to-maturity debt securities 156,562 160,932 Mortgage-backed securities 134,894 135,690 Total held-to-maturity securities 291,456 296,622 Total debt securities $ 395,066 $ 400,630

Loans and Allowance for Loan _2

Loans and Allowance for Loan Losses (Tables)	9 Months Ended
	Mar. 31, 2019
Loans and Allowance for Loan Losses [Abstract]
Major Loan Segments and Classes	Loan segments and classes at March 31, 2019 and June 30, 2018 are summarized as follows: (In thousands) March 31, 2019 June 30, 2018 Residential real estate: Residential real estate $ 268,292 $ 255,848 Residential construction and land 6,780 9,951 Multi-family 22,131 14,961 Commercial real estate: Commercial real estate 309,235 283,935 Commercial construction 41,486 39,366 Consumer loan: Home equity 22,208 21,919 Consumer installment 5,213 5,017 Commercial loans 100,007 84,644 Total gross loans 775,352 715,641 Allowance for loan losses (12,846 ) (12,024 ) Deferred fees and costs 779 814 Loans receivable, net $ 763,285 $ 704,431
Loan Balances by Internal Credit Quality Indicator	Loan balances by internal credit quality indicator at March 31, 2019 are shown below. ( In thousands Performing Watch Special Mention Substandard Total Residential real estate $ 265,319 $ 532 $ 86 $ 2,355 $ 268,292 Residential construction and land 6,780 - - - 6,780 Multi-family 20,143 - 1,910 78 22,131 Commercial real estate 299,267 619 8,273 1,076 309,235 Commercial construction 41,384 - - 102 41,486 Home equity 21,432 - - 776 22,208 Consumer installment 5,206 - - 7 5,213 Commercial loans 99,481 - 443 83 100,007 Total gross loans $ 759,012 $ 1,151 $ 10,712 $ 4,477 $ 775,352 Loan balances by internal credit quality indicator at June 30, 2018 are shown below. (In thousands Performing Watch Special Mention Substandard Total Residential real estate $ 252,811 $ 577 $ 88 $ 2,372 $ 255,848 Residential construction and land 9,951 - - - 9,951 Multi-family 12,743 - 2,132 86 14,961 Commercial real estate 273,077 317 8,994 1,547 283,935 Commercial construction 39,190 - - 176 39,366 Home equity 21,170 128 - 621 21,919 Consumer installment 4,969 30 - 18 5,017 Commercial loans 83,148 195 457 844 84,644 Total gross loans $ 697,059 $ 1,247 $ 11,671 $ 5,664 $ 715,641
Delinquent and/or Nonaccrual Loans by Past Due Status	The following table sets forth information regarding delinquent and/or nonaccrual loans at March 31, 2019: (In thousands) 30-59 days past due 60-89 days 90 days or more past due Total past due Current Total Loans Loans on Non-accrual Residential real estate $ 2,509 $ 817 $ 1,109 $ 4,435 $ 263,857 $ 268,292 $ 1,829 Residential construction and land - - - - 6,780 6,780 - Multi-family 138 - - 138 21,993 22,131 - Commercial real estate 772 785 102 1,659 307,576 309,235 614 Commercial construction - - - - 41,486 41,486 - Home equity 146 28 309 483 21,725 22,208 455 Consumer installment 34 - 7 41 5,172 5,213 7 Commercial loans 503 - - 503 99,504 100,007 83 Total gross loans $ 4,102 $ 1,630 $ 1,527 $ 7,259 $ 768,093 $ 775,352 $ 2,988 The following table sets forth information regarding delinquent and/or nonaccrual loans at June 30, 2018: (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 $ 1,617 $ 458 $ 1,211 $ 3,286 $ 252,562 $ 255,848 $ 1,778 Residential construction and land - - - - 9,951 9,951 - Multi-family - - - - 14,961 14,961 - Commercial real estate 1,568 487 568 2,623 281,312 283,935 1,147 Commercial construction - - - - 39,366 39,366 - Home equity 38 128 299 465 21,454 21,919 298 Consumer installment 3 30 8 41 4,976 5,017 18 Commercial loans 250 195 182 627 84,017 84,644 276 Total gross loans $ 3,476 $ 1,298 $ 2,268 $ 7,042 $ 708,599 $ 715,641 $ 3,517
Nonaccrual Loans, Interest Income Data	The table below details additional information related to nonaccrual loans for the three and nine months ended March 31: For the three months ended March 31, For the nine months ended March 31, (In thousands) 2019 2018 2019 2018 Interest income that would have been recorded if loans had been performing in accordance with original terms $ 31 $ 45 $ 160 $ 182 Interest income that was recorded on nonaccrual loans 26 30 81 95
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, 2019 For the three months ended March 31, 2019 For the nine months ended March 31, 2019 (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 $ 86 $ 86 $ - $ 151 $ 1 $ 105 $ 4 Commercial real estate 730 730 - 997 35 979 50 Commercial construction 102 102 - 68 - 23 - Home equity 309 309 - 309 - 281 - Commercial loans 145 145 - 148 - 153 - Impaired loans with no allowance 1,372 1,372 - 1,673 36 1,541 54 With an allowance recorded: Residential real estate 2,026 2,026 292 1,965 15 1,826 51 Commercial real estate - - - - - 122 - Commercial construction - - - 59 - 137 - Home equity 349 349 59 350 5 334 14 Commercial loans 131 131 41 131 1 58 1 Impaired loans with allowance 2,506 2,506 392 2,505 21 2,477 66 Total impaired: Residential real estate 2,112 2,112 292 2,116 16 1,931 55 Commercial real estate 730 730 - 997 35 1,101 50 Commercial construction 102 102 - 127 - 160 - Home equity 658 658 59 659 5 615 14 Commercial loans 276 276 41 279 1 211 1 Total impaired loans $ 3,878 $ 3,878 $ 392 $ 4,178 $ 57 $ 4,018 $ 120 As of June 30, 2018 For the three months ended March 31, 2018 For the nine months ended March 31, 2018 (In thousands) Recorded Investment Unpaid Principal Related Allowance Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income With no related allowance recorded: Residential real estate $ 22 $ 22 $ - $ - $ - $ - $ - Commercial real estate 799 799 - 800 7 803 22 Home equity 181 181 - 181 - 182 - Commercial loans 347 347 - 355 - 320 - Impaired loans with no allowance 1,349 1,349 - 1,336 7 1,305 22 With an allowance recorded: Residential real estate 1,922 1,922 332 1,797 14 1,667 40 Commercial real estate 379 379 60 401 - 416 - Commercial construction 176 176 29 176 - 176 - Home equity 322 322 61 323 3 324 11 Impaired loans with allowance 2,799 2,799 482 2,697 17 2,583 51 Total impaired: Residential real estate 1,944 1,944 332 1,797 14 1,667 40 Commercial real estate 1,178 1,178 60 1,201 7 1,219 22 Commercial construction 176 176 29 176 - 176 - Home equity 503 503 61 504 3 506 11 Commercial loans 347 347 - 355 - 320 - Total impaired loans $ 4,148 $ 4,148 $ 482 $ 4,033 $ 24 $ 3,888 $ 73
Loans Modified as Troubled Debt Restructuring	The table below details loans that have been modified as a troubled debt restructuring during the three and nine months ended March 31, 2019 or 2018. (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, 2019 Commercial loans 1 $ 127 $ 131 $ 131 Three and nine months ended March 31, 2018 Residential 1 $ 184 $ 184 $ 184 Home equity 1 325 325 323
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, 2019 (In thousands) Balance at December 31, 2018 Charge-offs Recoveries Provision Balance at March 31, 2019 Residential real estate $ 2,070 $ - $ - $ 14 $ 2,084 Residential construction and land 93 - - (13 ) 80 Multi-family 180 - - (12 ) 168 Commercial real estate 6,182 74 - 238 6,346 Commercial construction 876 - - 117 993 Home equity 322 - - (18 ) 304 Consumer installment 290 95 43 (28 ) 210 Commercial loans 2,381 51 - (49 ) 2,281 Unallocated 279 - - 101 380 Total $ 12,673 $ 220 $ 43 $ 350 $ 12,846 Activity for the nine months ended March 31, 2019 (In thousands) Balance at June 30, 2018 Charge-offs Recoveries Provision Balance at March 31, 2019 Residential real estate $ 2,116 $ 96 $ 13 $ 51 $ 2,084 Residential construction and land 114 - - (34 ) 80 Multi-family 162 - - 6 168 Commercial real estate 5,979 74 - 441 6,346 Commercial construction 950 - - 43 993 Home equity 317 - - (13 ) 304 Consumer installment 224 284 103 167 210 Commercial loans 2,128 51 153 51 2,281 Unallocated 34 - - 346 380 Total $ 12,024 $ 505 $ 269 $ 1,058 $ 12,846 Allowance for Loan Losses Loans Receivable Ending Balance At March 31, 2019 Impairment Analysis Ending Balance At March 31, 2019 Impairment Analysis (In thousands) Individually Evaluated Collectively Evaluated Individually Evaluated Collectively Evaluated Residential real estate $ 292 $ 1,792 $ 2,112 $ 266,180 Residential construction and land - 80 - 6,780 Multi-family - 168 - 22,131 Commercial real estate - 6,346 730 308,505 Commercial construction - 993 102 41,384 Home equity 59 245 658 21,550 Consumer installment - 210 - 5,213 Commercial loans 41 2,240 276 99,731 Unallocated - 380 - - Total $ 392 $ 12,454 $ 3,878 $ 771,474 Activity for the three months ended March 31, 2018 (In thousands) Balance at December 31, 2017 Charge-offs Recoveries Provision Balance at March 31, 2018 Residential real estate $ 2,099 $ 25 $ - $ 5 $ 2,079 Residential construction and land 86 - - 8 94 Multi-family 95 - - 67 162 Commercial real estate 5,904 - - 52 5,956 Commercial construction 603 - - 136 739 Home equity 312 - - - 312 Consumer installment 252 79 29 (14 ) 188 Commercial loans 2,001 - - (26 ) 1,975 Unallocated - - - 117 117 Total $ 11,352 $ 104 $ 29 $ 345 $ 11,622 Activity for the nine months ended March 31, 2018 (In thousands) Balance at June 30, 2017 Charge-offs Recoveries Provision Balance at March 31, 2018 Residential real estate $ 2,289 $ 96 $ - $ (114 ) $ 2,079 Residential construction and land 89 - - 5 94 Multi-family 43 - - 119 162 Commercial real estate 5,589 - - 367 5,956 Commercial construction 687 - - 52 739 Home equity 234 - - 78 312 Consumer installment 231 256 65 148 188 Commercial loans 1,680 157 - 452 1,975 Unallocated 180 - - (63 ) 117 Total $ 11,022 $ 509 $ 65 $ 1,044 $ 11,622 Allowance for Loan Losses Loans Receivable Ending Balance At June 30, 2018 Impairment Analysis Ending Balance At June 30, 2018 Impairment Analysis (In thousands) Individually Evaluated Collectively Evaluated Individually Evaluated Collectively Evaluated Residential real estate $ 332 $ 1,784 $ 1,944 $ 253,904 Residential construction and land - 114 - 9,951 Multi-family - 162 - 14,961 Commercial real estate 60 5,919 1,178 282,757 Commercial construction 29 921 176 39,190 Home equity 61 256 503 21,416 Consumer installment - 224 - 5,017 Commercial loans - 2,128 347 84,297 Unallocated - 34 - - Total $ 482 $ 11,542 $ 4,148 $ 711,493
Foreclosed Real Estate	The following table sets forth information regarding FRE at March 31, 2019 and June 30, 2018: (in thousands) March 31, 2019 June 30, 2018 Residential real estate $ 54 $ 119 Total foreclosed real estate $ 54 $ 119

Fair Value Measurements and F_2

Fair Value Measurements and Fair Value of Financial Instruments (Tables)	9 Months Ended
	Mar. 31, 2019
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, 2019 (Level 1) (Level 2) (Level 3) Assets: U.S. Government sponsored enterprises $ 5,547 $ - $ 5,547 $ - State and political subdivisions 77,366 - 77,366 - Mortgage-backed securities-residential 2,763 - 2,763 - Mortgage-backed securities-multi-family 16,575 - 16,575 - Corporate debt securities 1,757 1,757 - - Securities available-for-sale 104,008 $ 1,757 $ 102,251 - Equity securities 237 237 - - Total securities measured at fair value $ 104,245 $ 1,994 $ 102,251 $ - Fair Value Measurements Using Quoted Prices In Active Markets For Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs (In thousands) June 30, 2018 (Level 1) (Level 2) (Level 3) Assets: U.S. Government sponsored enterprises $ 5,531 $ - $ 5,531 $ - State and political subdivisions 92,255 - 92,255 - Mortgage-backed securities-residential 3,247 - 3,247 - Mortgage-backed securities-multi-family 18,069 - 18,069 - Corporate debt securities 1,704 1,704 - - Securities available-for-sale 120,806 1,704 119,102 - Equity securities 217 217 - - Total securities measured at fair value $ 121,023 $ 1,921 $ 119,102 $ -
Assets and Liabilities Measured at Fair Value on Nonrecurring Basis	These measurements are classified as Level 3 within the fair value hierarchy. Fair Value Measurements Using (In thousands) Recorded Investment Related Allowance Fair Value (Level 1) (Level 2) (Level 3) March 31, 2019 Impaired loans $ 2,506 $ 392 $ 2,114 $ - $ - $ 2,114 Foreclosed real estate 54 - 54 - - 54 June 30, 2018 Impaired loans $ 2,799 $ 482 $ 2,317 $ - $ - $ 2,317 Foreclosed real estate 119 - 119 - - 119
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, 2019 Impaired Loans $ 1,468 Appraisal of collateral (1) Appraisal adjustments (2) 3.00%-31.00 % 25.84 % Liquidation expenses (3) 4.14%-5.82 % 4.45 % 646 Discounted cash flow Discount rate 4.19%-8.66 % 6.07 % Foreclosed real estate 54 Appraisal of collateral (1) Appraisal adjustments (2) 0.00%-0.00 % 0.00 % Liquidation expenses (3) 9.96%-9.96 % 9.96 % June 30, 2018 Impaired loans $ 1,687 Appraisal of collateral (1) Appraisal adjustments (2) 26.58%-31.00 % 28.17 % Liquidation expenses (3) 4.14%-7.26 % 5.07 % 630 Discounted cash flow Discount rate 4.19%-6.63 % 5.36 % Foreclosed real estate 119 Appraisal of collateral (1) Appraisal adjustments (2) 0.00%-0.00 % 0.00 % Liquidation expenses (3) 8.99%-11.78 % 9.92 % (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 are 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, 2019 Fair Value Measurements Using Carrying Amount Fair Value (Level 1) (Level 2) (Level 3) Cash and cash equivalents $ 88,422 $ 88,422 $ 88,422 $ - $ - Long term certificate of deposit 2,875 2,875 2,875 - - Securities available-for-sale 104,008 104,008 1,757 102,251 - Securities held-to-maturity 291,456 296,622 - 296,622 - Equity securities 237 237 237 - - Federal Home Loan Bank stock 1,298 1,298 - 1,298 - Net loans 763,285 754,907 - - 754,907 Accrued interest receivable 6,125 6,125 - 6,125 - Deposits 1,139,778 1,139,789 - 1,139,789 - Borrowings 12,650 12,473 - 12,473 - Accrued interest payable 98 98 - 98 - (In thousands) June 30, 2018 Fair Value Measurements Using Carrying Amount Fair Value (Level 1) (Level 2) (Level 3) Cash and cash equivalents $ 26,504 $ 26,504 $ 26,504 $ - $ - Long term certificate of deposit 2,385 2,385 2,385 - - Securities available-for-sale 120,806 120,806 1,704 119,102 - Securities held-to-maturity 274,550 274,177 - 274,177 - Equity securities 217 217 217 - - Federal Home Loan Bank stock 1,545 1,545 - 1,545 - Net loans 704,431 698,879 - - 698,879 Accrued interest receivable 5,057 5,057 - 5,057 - Deposits 1,025,234 1,025,302 - 1,025,302 - Borrowings 18,150 17,755 - 17,755 - Accrued interest payable 88 88 - 88 -

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Mar. 31, 2019
Earnings Per Share [Abstract]
Earnings Per Share, Basic and Diluted	There were no anti-dilutive securities or contracts outstanding during the three and nine months ended March 31, 2019 and 2018. For the three months ended March 31, For the nine months ended March 31, 2019 2018 2019 2018 Net Income $ 4,356,000 $ 3,677,000 $ 13,320,000 $ 10,789,000 Weighted Average Shares – Basic 8,537,814 8,517,614 8,537,814 8,508,103 Effect of Dilutive Stock Options - 18,793 - 25,747 Weighted Average Shares - Dilute 8,537,814 8,536,407 8,537,814 8,533,850 Earnings per share - Basic $ 0.51 $ 0.43 $ 1.56 $ 1.27 Earnings per share - Diluted $ 0.51 $ 0.43 $ 1.56 $ 1.26

Employee Benefit Plans (Tables)

Employee Benefit Plans (Tables)	9 Months Ended
	Mar. 31, 2019
Employee Benefit Plans [Abstract]
Components of Net Periodic Pension Costs	The components of net periodic pension cost related to the defined benefit pension plan for the three and nine months ended March 31, 2019 and 2018 were as follows: Three months ended March 31, Nine months ended March 31, (In thousands) 2019 2018 2019 2018 Interest cost $ 54 $ 55 $ 162 $ 165 Expected return on plan assets (59 ) (62 ) (177 ) (186 ) Amortization of net loss 35 42 105 126 Net periodic pension cost $ 30 $ 35 $ 90 $ 105

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	9 Months Ended
	Mar. 31, 2019
Stock-Based Compensation [Abstract]
Summary of Stock Option Activity	A summary of the Company’s stock option activity and related information for this option plan for the nine months ended March 31, 2018 was as follows: March 31, 2018 Shares Weighted Average Exercise Price Per Share Outstanding at beginning of year 37,770 $ 6.25 Exercised (24,000 ) $ 6.25 Outstanding and exercisable at period end 13,770 $ 6.25
Summary of Phantom Stock Option Activity and Related Information	A summary of the Company’s phantom stock option activity and related information for the Plan for the three and nine months ended March 31, 2019 and 2018 is as follows: Three months ended March 31, Nine months ended March 31, 2019 2018 2019 2018 Number of options outstanding, beginning of period 1,742,100 1,634,160 1,634,160 1,522,720 Options Granted - - 592,700 594,200 Options Forfeited - - - (27,000 ) Options Paid in Cash (18,000 ) - (502,760 ) (455,760 ) Number of options outstanding, end of period 1,724,100 1,634,160 1,724,100 1,634,160 Three months ended March 31, Nine months ended March 31, (In thousands) 2019 2018 2019 2018 Cash paid out on options vested $ 41 $ - $ 1,745 $ 1,187 Compensation costs recognized 810 640 2,021 1,460

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Loss (Tables)	9 Months Ended
	Mar. 31, 2019
Accumulated Other Comprehensive Loss [Abstract]
Components of Accumulated Other Comprehensive Loss	The components of accumulated other comprehensive loss for the three and nine months ended March 31, 2019 and 2018 are presented in the following table: Activity for the three months ended March 31, 2019 and 2018 ( In thousands Unrealized gain (losses) on securities available-for-sale Pension benefits Total Balance at December 31, 2017 $ 290 $ (1,604 ) $ (1,314 ) Other comprehensive loss before reclassification (326 ) - (326 ) Amounts reclassified from accumulated other comprehensive income - - - Other comprehensive loss for the three months ended March 31, 2018 (326 ) - (326 ) Reclassification of stranded tax effect (1) 57 (316 ) (259 ) Balance at March 31, 2018 $ 21 $ (1,920 ) $ (1,899 ) Balance at December 31, 2018 $ 113 $ (1,633 ) $ (1,520 ) Other comprehensive income before reclassification 181 - 181 Amounts reclassified from accumulated other comprehensive income - - - Other comprehensive income for the three months ended March 31, 2019 181 - 181 Reclassification for change in accounting (2) - - - Balance at March 31, 2019 $ 294 $ (1,633 ) $ (1,339 ) Activity for the nine months ended March 31, 2019 and 2018 ( In thousands Unrealized gain (losses) on securities available-for-sale Pension benefits Total Balance at June 30, 2017 $ 612 $ (1,604 ) $ (992 ) Other comprehensive loss before reclassification (648 ) - (648 ) Amounts reclassified from accumulated other comprehensive income - - - Other comprehensive loss for the nine months ended March 31, 2018 (648 ) - (648 ) Reclassification of stranded tax effect (1) 57 (316 ) (259 ) Balance at March 31, 2018 $ 21 $ (1,920 ) $ (1,899 ) Balance at June 30, 2018 $ 10 $ (1,633 ) $ (1,623 ) Other comprehensive income before reclassification 398 - 398 Amounts reclassified from accumulated other comprehensive income - - - Other comprehensive income for the nine months ended March 31, 2019 398 - 398 Reclassification for change in accounting (2) (114 ) - (114 ) Balance at March 31, 2019 $ 294 $ (1,633 ) $ (1,339 ) (1) Adoption of Accounting Standard Update 2018-02, reclassification from accumulated other comprehensive loss to retained earnings for stranded tax effects resulting from newly enacted Federal corporate income tax rate from 34% to 21%. (2) Adoption of ASU 2016-01 – cumulative effect of change in measurement of equity securities.

Revenue from Contracts with C_2

Revenue from Contracts with Customers (Tables)	9 Months Ended
	Mar. 31, 2019
Revenue from Contracts with Customers [Abstract]
Revenues by Type	The following table presents revenues subject to ASC 606 for the three and nine months ended March 31, 2019 and 2018, respectively. For the three months ended March 31, For the nine months ended March 31, (In thousands) 2019 2018 2019 2018 Service charges on deposit accounts Insufficient funds fees $ 855 $ 839 $ 2,782 $ 2,439 Deposit related fees 39 39 117 116 ATM/point of sale fees 66 54 204 162 Total service charges 960 932 3,103 2,717 Interchange fee income Debit card interchange fees 604 566 1,929 1,723 E-commerce fee income E-commerce fees 31 31 102 104 Investment services income Investment services 145 138 396 332 Sales of assets Net (loss) gain on sale of foreclosed real estate (25 ) (20 ) (34 ) 33

Nature of Operations (Details)

Nature of Operations (Details)	Mar. 31, 2019OfficeSubsidiary
Nature of Operations [Abstract]
Number of full-service offices | Office	15
Number of subsidiaries | Subsidiary	2

Securities (Details)

Securities (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Jun. 30, 2018
Available-for-sale debt securities [Abstract]
Amortized cost	$ 103,610	$ 120,947
Gross unrealized gains	477	299
Gross unrealized losses	79	440
Estimated fair value	104,008	120,806
Held-to-maturity securities [Abstract]
Amortized cost	291,456	274,550
Gross unrealized gains	5,666	3,313
Gross unrealized losses	500	3,686
Estimated fair value	296,622	274,177
Total Securities [Abstract]
Amortized cost	395,066	395,497
Gross unrealized gains	6,143	3,612
Gross unrealized losses	579	4,126
Estimated fair value	400,630	394,983
U.S. Government Sponsored Enterprises [Member]
Available-for-sale debt securities [Abstract]
Amortized cost	5,528	5,543
Gross unrealized gains	19	18
Gross unrealized losses	0	30
Estimated fair value	5,547	5,531
Held-to-maturity securities [Abstract]
Amortized cost	9,248	9,245
Gross unrealized gains	0	0
Gross unrealized losses	50	278
Estimated fair value	9,198	8,967
State and Political Subdivisions [Member]
Available-for-sale debt securities [Abstract]
Amortized cost	77,075	92,052
Gross unrealized gains	291	204
Gross unrealized losses	0	1
Estimated fair value	77,366	92,255
Held-to-maturity securities [Abstract]
Amortized cost	144,208	136,335
Gross unrealized gains	4,526	3,091
Gross unrealized losses	119	532
Estimated fair value	148,615	138,894
Mortgage-backed Securities-Residential [Member]
Available-for-sale debt securities [Abstract]
Amortized cost	2,795	3,332
Gross unrealized gains	14	13
Gross unrealized losses	46	98
Estimated fair value	2,763	3,247
Held-to-maturity securities [Abstract]
Amortized cost	4,861	6,472
Gross unrealized gains	62	72
Gross unrealized losses	0	7
Estimated fair value	4,923	6,537
Mortgage-backed Securities-Multi-family [Member]
Available-for-sale debt securities [Abstract]
Amortized cost	16,448	18,249
Gross unrealized gains	153	64
Gross unrealized losses	26	244
Estimated fair value	16,575	18,069
Held-to-maturity securities [Abstract]
Amortized cost	130,033	118,780
Gross unrealized gains	1,048	123
Gross unrealized losses	314	2,845
Estimated fair value	130,767	116,058
Corporate Debt Securities [Member]
Available-for-sale debt securities [Abstract]
Amortized cost	1,764	1,771
Gross unrealized gains	0	0
Gross unrealized losses	7	67
Estimated fair value	1,757	1,704
Held-to-maturity securities [Abstract]
Amortized cost	1,475	1,466
Gross unrealized gains	6	11
Gross unrealized losses	15	9
Estimated fair value	1,466	1,468
Other Securities [Member]
Held-to-maturity securities [Abstract]
Amortized cost	1,631	2,252
Gross unrealized gains	24	16
Gross unrealized losses	2	15
Estimated fair value	$ 1,653	$ 2,253

Securities, Securities in Conti

Securities, Securities in Continuous Unrealized Loss Position (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2019USD ($)Security	Mar. 31, 2018USD ($)	Mar. 31, 2019USD ($)Security	Mar. 31, 2018USD ($)	Jun. 30, 2018USD ($)Security
Available-for-sale Securities, Continuous Unrealized Loss Position [Abstract]
Less than 12 months, fair value	$ 871		$ 871		$ 16,110
Less than 12 months, unrealized losses	$ 41		$ 41		$ 438
Less than 12 months, number of securities | Security	1		1		21
More than 12 months, fair value	$ 5,799		$ 5,799		$ 254
More than 12 months, unrealized losses	$ 38		$ 38		$ 2
More than 12 months, number of securities | Security	10		10		1
Total, fair value	$ 6,670		$ 6,670		$ 16,364
Total, unrealized losses	$ 79		$ 79		$ 440
Total, number of securities | Security	11		11		22
Held-to-maturity Securities, Continuous Unrealized Loss Position [Abstract]
Less than 12 months, fair value	$ 39,009		$ 39,009		$ 139,440
Less than 12 months, unrealized losses	$ 284		$ 284		$ 3,277
Less than 12 months, number of securities | Security	99		99		218
More than 12 months, fair value	$ 33,293		$ 33,293		$ 12,774
More than 12 months, unrealized losses	$ 216		$ 216		$ 409
More than 12 months, number of securities | Security	87		87		39
Total, fair value	$ 72,302		$ 72,302		$ 152,214
Total, unrealized losses	$ 500		$ 500		$ 3,686
Total, number of securities | Security	186		186		257
Total Securities, Continuous Unrealized Loss Position [Abstract]
Less than 12 months, fair value	$ 39,880		$ 39,880		$ 155,550
Less than 12 months, unrealized losses	$ 325		$ 325		$ 3,715
Less than 12 months, number of securities | Security	100		100		239
More than 12 months, fair value	$ 39,092		$ 39,092		$ 13,028
More than 12 months, unrealized losses	$ 254		$ 254		$ 411
More than 12 months, number of securities | Security	97		97		40
Total, fair value	$ 78,972		$ 78,972		$ 168,578
Total, unrealized losses	$ 579		$ 579		$ 4,126
Total, number of securities | Security	197		197		279
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
U.S. Government Sponsored Enterprises [Member]
Available-for-sale Securities, Continuous Unrealized Loss Position [Abstract]
Less than 12 months, fair value					$ 969
Less than 12 months, unrealized losses					$ 30
Less than 12 months, number of securities | Security					1
More than 12 months, fair value					$ 0
More than 12 months, unrealized losses					$ 0
More than 12 months, number of securities | Security					0
Total, fair value					$ 969
Total, unrealized losses					$ 30
Total, number of securities | Security					1
Held-to-maturity Securities, Continuous Unrealized Loss Position [Abstract]
Less than 12 months, fair value	0		0		$ 7,018
Less than 12 months, unrealized losses	$ 0		$ 0		$ 227
Less than 12 months, number of securities | Security	0		0		1
More than 12 months, fair value	$ 6,197		$ 6,197		$ 1,949
More than 12 months, unrealized losses	$ 50		$ 50		$ 51
More than 12 months, number of securities | Security	3		3		1
Total, fair value	$ 6,197		$ 6,197		$ 8,967
Total, unrealized losses	$ 50		$ 50		$ 278
Total, number of securities | Security	3		3		2
State and Political Subdivisions [Member]
Available-for-sale Securities, Continuous Unrealized Loss Position [Abstract]
Less than 12 months, fair value					$ 2,094
Less than 12 months, unrealized losses					$ 1
Less than 12 months, number of securities | Security					4
More than 12 months, fair value					$ 0
More than 12 months, unrealized losses					$ 0
More than 12 months, number of securities | Security					0
Total, fair value					$ 2,094
Total, unrealized losses					$ 1
Total, number of securities | Security					4
Held-to-maturity Securities, Continuous Unrealized Loss Position [Abstract]
Less than 12 months, fair value	$ 11,292		$ 11,292		$ 34,743
Less than 12 months, unrealized losses	$ 71		$ 71		$ 434
Less than 12 months, number of securities | Security	89		89		167
More than 12 months, fair value	$ 7,197		$ 7,197		$ 4,352
More than 12 months, unrealized losses	$ 48		$ 48		$ 98
More than 12 months, number of securities | Security	68		68		34
Total, fair value	$ 18,489		$ 18,489		$ 39,095
Total, unrealized losses	$ 119		$ 119		$ 532
Total, number of securities | Security	157		157		201
Mortgage-backed Securities-Residential [Member]
Available-for-sale Securities, Continuous Unrealized Loss Position [Abstract]
Less than 12 months, fair value	$ 871		$ 871		$ 2,420
Less than 12 months, unrealized losses	$ 41		$ 41		$ 98
Less than 12 months, number of securities | Security	1		1		3
More than 12 months, fair value	$ 1,114		$ 1,114		$ 0
More than 12 months, unrealized losses	$ 5		$ 5		$ 0
More than 12 months, number of securities | Security	2		2		0
Total, fair value	$ 1,985		$ 1,985		$ 2,420
Total, unrealized losses	$ 46		$ 46		$ 98
Total, number of securities | Security	3		3		3
Held-to-maturity Securities, Continuous Unrealized Loss Position [Abstract]
Less than 12 months, fair value					$ 1,403
Less than 12 months, unrealized losses					$ 7
Less than 12 months, number of securities | Security					3
More than 12 months, fair value					$ 0
More than 12 months, unrealized losses					$ 0
More than 12 months, number of securities | Security					0
Total, fair value					$ 1,403
Total, unrealized losses	$ 0		$ 0		$ 7
Total, number of securities | Security					3
Mortgage-backed Securities-Multi-family [Member]
Available-for-sale Securities, Continuous Unrealized Loss Position [Abstract]
Less than 12 months, fair value	0		0		$ 9,177
Less than 12 months, unrealized losses	$ 0		$ 0		$ 244
Less than 12 months, number of securities | Security	0		0		7
More than 12 months, fair value	$ 2,927		$ 2,927		$ 0
More than 12 months, unrealized losses	$ 26		$ 26		$ 0
More than 12 months, number of securities | Security	2		2		0
Total, fair value	$ 2,927		$ 2,927		$ 9,177
Total, unrealized losses	$ 26		$ 26		$ 244
Total, number of securities | Security	2		2		7
Held-to-maturity Securities, Continuous Unrealized Loss Position [Abstract]
Less than 12 months, fair value	$ 27,717		$ 27,717		$ 94,927
Less than 12 months, unrealized losses	$ 213		$ 213		$ 2,586
Less than 12 months, number of securities | Security	10		10		45
More than 12 months, fair value	$ 18,961		$ 18,961		$ 6,398
More than 12 months, unrealized losses	$ 101		$ 101		$ 259
More than 12 months, number of securities | Security	14		14		3
Total, fair value	$ 46,678		$ 46,678		$ 101,325
Total, unrealized losses	$ 314		$ 314		$ 2,845
Total, number of securities | Security	24		24		48
Corporate Debt Securities [Member]
Available-for-sale Securities, Continuous Unrealized Loss Position [Abstract]
Less than 12 months, fair value	$ 0		$ 0		$ 1,450
Less than 12 months, unrealized losses	$ 0		$ 0		$ 65
Less than 12 months, number of securities | Security	0		0		6
More than 12 months, fair value	$ 1,758		$ 1,758		$ 254
More than 12 months, unrealized losses	$ 7		$ 7		$ 2
More than 12 months, number of securities | Security	6		6		1
Total, fair value	$ 1,758		$ 1,758		$ 1,704
Total, unrealized losses	$ 7		$ 7		$ 67
Total, number of securities | Security	6		6		7
Held-to-maturity Securities, Continuous Unrealized Loss Position [Abstract]
Less than 12 months, fair value	$ 0		$ 0		$ 457
Less than 12 months, unrealized losses	$ 0		$ 0		$ 9
Less than 12 months, number of securities | Security	0		0		1
More than 12 months, fair value	$ 460		$ 460		$ 0
More than 12 months, unrealized losses	$ 15		$ 15		$ 0
More than 12 months, number of securities | Security	1		1		0
Total, fair value	$ 460		$ 460		$ 457
Total, unrealized losses	$ 15		$ 15		$ 9
Total, number of securities | Security	1		1		1
Other Securities [Member]
Held-to-maturity Securities, Continuous Unrealized Loss Position [Abstract]
Less than 12 months, fair value	$ 0		$ 0		$ 892
Less than 12 months, unrealized losses	$ 0		$ 0		$ 14
Less than 12 months, number of securities | Security	0		0		1
More than 12 months, fair value	$ 478		$ 478		$ 75
More than 12 months, unrealized losses	$ 2		$ 2		$ 1
More than 12 months, number of securities | Security	1		1		1
Total, fair value	$ 478		$ 478		$ 967
Total, unrealized losses	$ 2		$ 2		$ 15
Total, number of securities | Security	1		1		2

Securities, Securities by Contr

Securities, Securities by Contractual Maturity (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Jun. 30, 2018
Available-for-sale Debt Securities, Amortized Cost [Abstract]
Within one year	$ 79,329
After one year through five years	2,525
After five years through ten years	2,513
After ten years	0
Total available for sale debt securities	84,367
Mortgage-backed securities	19,243
Amortized cost	103,610
Available-for-sale Debt Securities, Fair Value [Abstract]
Within one year	79,626
After one through five years	2,537
After five through ten years	2,507
After ten years	0
Total available-for-sale debt securities	84,670
Mortgage-backed securities	19,338
Estimated fair value	104,008	$ 120,806
Held-to-maturity Debt Securities, Amortized Cost [Abstract]
Within one year	26,727
After one year through five years	65,009
After five years through ten years	47,635
After ten years	17,191
Total held-to-maturity debt securities	156,562
Mortgage-backed securities	134,894
Amortized cost	291,456	274,550
Held-to-maturity Debt Securities, Fair Value [Abstract]
Within one year	26,944
After one year through five years	66,318
After five years through ten years	49,253
After ten years	18,417
Total held-to-maturity debt securities	160,932
Mortgage-backed securities	135,690
Estimated fair value	296,622	274,177
Total Debt Securities [Abstract]
Amortized cost	395,066	395,497
Estimated fair value	400,630	394,983
Securities pledged as collateral for deposits in excess of FDIC insurance limits, fair value	389,900	383,000
Securities pledged as collateral for potential borrowings at the Federal Reserve Bank discount window	$ 1,800	$ 1,800

Securities, Federal Home Loan B

Securities, Federal Home Loan Bank Stock (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Mar. 31, 2019	Mar. 31, 2018
Federal Home Loan Bank Stock [Member]
Federal Home Loan Bank Stock [Abstract]
Other-than-temporary impairment losses	$ 0	$ 0	$ 0	$ 0

Loans and Allowance for Loan _3

Loans and Allowance for Loan Losses, Major Loan Segments and Classes (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Jun. 30, 2017
Major Loan Segments and Classes [Abstract]
Total gross loans	$ 775,352		$ 715,641
Allowance for loan losses	(12,846)	$ (12,673)	(12,024)	$ (11,622)	$ (11,352)	$ (11,022)
Deferred fees and costs	779		814
Net loans receivable	763,285		704,431
Residential Real Estate [Member] | Residential Real Estate [Member]
Major Loan Segments and Classes [Abstract]
Total gross loans	268,292		255,848
Allowance for loan losses	(2,084)	(2,070)	(2,116)	(2,079)	(2,099)	(2,289)
Residential Real Estate [Member] | Construction and Land [Member]
Major Loan Segments and Classes [Abstract]
Total gross loans	6,780		9,951
Allowance for loan losses	(80)	(93)	(114)	(94)	(86)	(89)
Residential Real Estate [Member] | Multi-family [Member]
Major Loan Segments and Classes [Abstract]
Total gross loans	22,131		14,961
Allowance for loan losses	(168)	(180)	(162)	(162)	(95)	(43)
Commercial Real Estate [Member] | Real Estate [Member]
Major Loan Segments and Classes [Abstract]
Total gross loans	309,235		283,935
Allowance for loan losses	(6,346)	(6,182)	(5,979)	(5,956)	(5,904)	(5,589)
Commercial Real Estate [Member] | Construction [Member]
Major Loan Segments and Classes [Abstract]
Total gross loans	41,486		39,366
Allowance for loan losses	(993)	(876)	(950)	(739)	(603)	(687)
Consumer Loan [Member] | Home Equity [Member]
Major Loan Segments and Classes [Abstract]
Total gross loans	22,208		21,919
Allowance for loan losses	(304)	(322)	(317)	(312)	(312)	(234)
Consumer Loan [Member] | Consumer Installment [Member]
Major Loan Segments and Classes [Abstract]
Total gross loans	5,213		5,017
Allowance for loan losses	(210)	(290)	(224)	(188)	(252)	(231)
Commercial Loans [Member]
Major Loan Segments and Classes [Abstract]
Total gross loans	100,007		84,644
Allowance for loan losses	$ (2,281)	$ (2,381)	$ (2,128)	$ (1,975)	$ (2,001)	$ (1,680)

Loans and Allowance for Loan _4

Loans and Allowance for Loan Losses, Loan Balances by Internal Credit Quality Indicator (Details) $ in Thousands	9 Months Ended
	Mar. 31, 2019USD ($)Segment	Jun. 30, 2018USD ($)
Financing Receivable, Recorded Investment [Line Items]
Number of segments within loan portfolio | Segment	4
Total gross loans	$ 775,352	$ 715,641
Performing [Member]
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	759,012	697,059
Watch [Member]
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	1,151	1,247
Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	10,712	11,671
Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	4,477	5,664
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]
Loan-to-value ratio	89.90%
Residential Real Estate [Member] | Residential Mortgage with Private Mortgage Insurance [Member]
Financing Receivable, Recorded Investment [Line Items]
Loan-to-value ratio	95.00%
Residential Real Estate [Member] | Residential Real Estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	$ 268,292	255,848
Residential Real Estate [Member] | Residential Real Estate [Member] | Performing [Member]
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	265,319	252,811
Residential Real Estate [Member] | Residential Real Estate [Member] | Watch [Member]
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	532	577
Residential Real Estate [Member] | Residential Real Estate [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	86	88
Residential Real Estate [Member] | Residential Real Estate [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	2,355	2,372
Residential Real Estate [Member] | Construction and Land [Member]
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	6,780	9,951
Residential Real Estate [Member] | Construction and Land [Member] | Performing [Member]
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	6,780	9,951
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	22,131	14,961
Residential Real Estate [Member] | Multi-family [Member] | Performing [Member]
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	20,143	12,743
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	1,910	2,132
Residential Real Estate [Member] | Multi-family [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	78	86
Commercial Real Estate [Member] | Real Estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	309,235	283,935
Commercial Real Estate [Member] | Real Estate [Member] | Performing [Member]
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	299,267	273,077
Commercial Real Estate [Member] | Real Estate [Member] | Watch [Member]
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	619	317
Commercial Real Estate [Member] | Real Estate [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	8,273	8,994
Commercial Real Estate [Member] | Real Estate [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	1,076	1,547
Commercial Real Estate [Member] | Construction [Member]
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	41,486	39,366
Commercial Real Estate [Member] | Construction [Member] | Performing [Member]
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	41,384	39,190
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	102	176
Consumer Loan [Member] | Home Equity [Member]
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	22,208	21,919
Consumer Loan [Member] | Home Equity [Member] | Performing [Member]
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	21,432	21,170
Consumer Loan [Member] | Home Equity [Member] | Watch [Member]
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	0	128
Consumer Loan [Member] | Home Equity [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	0	0
Consumer Loan [Member] | Home Equity [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	776	621
Consumer Loan [Member] | Consumer Installment [Member]
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	5,213	5,017
Consumer Loan [Member] | Consumer Installment [Member] | Performing [Member]
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	5,206	4,969
Consumer Loan [Member] | Consumer Installment [Member] | Watch [Member]
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	0	30
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	7	18
Commercial Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	100,007	84,644
Commercial Loans [Member] | Performing [Member]
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	99,481	83,148
Commercial Loans [Member] | Watch [Member]
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	0	195
Commercial Loans [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	443	457
Commercial Loans [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Total gross loans	$ 83	$ 844

Loans and Allowance for Loan _5

Loans and Allowance for Loan Losses, Delinquent and Nonaccrual Loans by Past Due Status (Details) $ in Thousands	Mar. 31, 2019USD ($)Loan	Jun. 30, 2018USD ($)Loan
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	$ 7,259	$ 7,042
Current	768,093	708,599
Total loans	775,352	715,641
Loans on non-accrual	2,988	3,517
Loans in the process of foreclosure	1,500	1,900
Nonaccrual loans with recent history of delinquency greater than 90 days	1,500	1,300
Nonaccrual loans making payments pursuant to forbearance agreements	175
Accruing loans delinquent more than 90 days	0	62
30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	4,102	3,476
60 to 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	1,630	1,298
90 Days or More Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	$ 1,527	$ 2,268
Residential Real Estate [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Number of loans in the process of foreclosure | Loan	12	11
Loans in the process of foreclosure	$ 1,400	$ 1,200
Residential Real Estate [Member] | Residential Real Estate [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	4,435	3,286
Current	263,857	252,562
Total loans	268,292	255,848
Loans on non-accrual	1,829	1,778
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	2,509	1,617
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	817	458
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	1,109	1,211
Residential Real Estate [Member] | Construction and Land [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	0	0
Current	6,780	9,951
Total loans	6,780	9,951
Loans on non-accrual	0	0
Residential Real Estate [Member] | Construction and Land [Member] | 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	0	0
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	138	0
Current	21,993	14,961
Total loans	22,131	14,961
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	138	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	1,659	2,623
Current	307,576	281,312
Total loans	309,235	283,935
Loans on non-accrual	614	1,147
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	772	1,568
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	785	487
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	102	568
Commercial Real Estate [Member] | Construction [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	0	0
Current	41,486	39,366
Total loans	41,486	39,366
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	483	465
Current	21,725	21,454
Total loans	22,208	21,919
Loans on non-accrual	455	298
Consumer Loan [Member] | Home Equity [Member] | 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	146	38
Consumer Loan [Member] | Home Equity [Member] | 60 to 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	28	128
Consumer Loan [Member] | Home Equity [Member] | 90 Days or More Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	309	299
Consumer Loan [Member] | Consumer Installment [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	41	41
Current	5,172	4,976
Total loans	5,213	5,017
Loans on non-accrual	7	18
Consumer Loan [Member] | Consumer Installment [Member] | 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	34	3
Consumer Loan [Member] | Consumer Installment [Member] | 60 to 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	0	30
Consumer Loan [Member] | Consumer Installment [Member] | 90 Days or More Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	7	8
Commercial Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	503	627
Current	99,504	84,017
Total loans	100,007	84,644
Loans on non-accrual	83	276
Commercial Loans [Member] | 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	503	250
Commercial Loans [Member] | 60 to 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	0	195
Commercial Loans [Member] | 90 Days or More Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	$ 0	$ 182

Loans and Allowance for Loan _6

Loans and Allowance for Loan Losses, Nonaccrual Loans, Interest Income Data (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Mar. 31, 2019	Mar. 31, 2018
Loans and Allowance for Loan Losses [Abstract]
Interest income that would have been recorded if loans had been performing in accordance with original terms	$ 31	$ 45	$ 160	$ 182
Interest income that was recorded on nonaccrual loans	$ 26	$ 30	$ 81	$ 95

Loans and Allowance for Loan _7

Loans and Allowance for Loan Losses, Impaired Loans By Loan Portfolio Class (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Mar. 31, 2019	Mar. 31, 2018	Jun. 30, 2018
With no related allowance recorded [Abstract]
Recorded investment	$ 1,372		$ 1,372		$ 1,349
Unpaid principal	1,372		1,372		1,349
Average recorded investment	1,673	$ 1,336	1,541	$ 1,305
Interest income recognized	36	7	54	22
With an allowance recorded [Abstract]
Recorded investment	2,506		2,506		2,799
Unpaid principal	2,506		2,506		2,799
Related allowance	392		392		482
Average recorded investment	2,505	2,697	2,477	2,583
Interest income recognized	21	17	66	51
Total impaired [Abstract]
Recorded investment	3,878		3,878		4,148
Unpaid principal	3,878		3,878		4,148
Related allowance	392		392		482
Average recorded investment	4,178	4,033	4,018	3,888
Interest income recognized	57	24	120	73
Residential Real Estate [Member] | Residential Real Estate [Member]
With no related allowance recorded [Abstract]
Recorded investment	86		86		22
Unpaid principal	86		86		22
Average recorded investment	151	0	105	0
Interest income recognized	1	0	4	0
With an allowance recorded [Abstract]
Recorded investment	2,026		2,026		1,922
Unpaid principal	2,026		2,026		1,922
Related allowance	292		292		332
Average recorded investment	1,965	1,797	1,826	1,667
Interest income recognized	15	14	51	40
Total impaired [Abstract]
Recorded investment	2,112		2,112		1,944
Unpaid principal	2,112		2,112		1,944
Related allowance	292		292		332
Average recorded investment	2,116	1,797	1,931	1,667
Interest income recognized	16	14	55	40
Commercial Real Estate [Member] | Real Estate [Member]
With no related allowance recorded [Abstract]
Recorded investment	730		730		799
Unpaid principal	730		730		799
Average recorded investment	997	800	979	803
Interest income recognized	35	7	50	22
With an allowance recorded [Abstract]
Recorded investment	0		0		379
Unpaid principal	0		0		379
Related allowance	0		0		60
Average recorded investment	0	401	122	416
Interest income recognized	0	0	0	0
Total impaired [Abstract]
Recorded investment	730		730		1,178
Unpaid principal	730		730		1,178
Related allowance	0		0		60
Average recorded investment	997	1,201	1,101	1,219
Interest income recognized	35	7	50	22
Commercial Real Estate [Member] | Construction [Member]
With no related allowance recorded [Abstract]
Recorded investment	102		102
Unpaid principal	102		102
Average recorded investment	68		23
Interest income recognized	0		0
With an allowance recorded [Abstract]
Recorded investment	0		0		176
Unpaid principal	0		0		176
Related allowance	0		0		29
Average recorded investment	59	176	137	176
Interest income recognized	0	0	0	0
Total impaired [Abstract]
Recorded investment	102		102		176
Unpaid principal	102		102		176
Related allowance	0		0		29
Average recorded investment	127	176	160	176
Interest income recognized	0	0	0	0
Consumer Loan [Member] | Home Equity [Member]
With no related allowance recorded [Abstract]
Recorded investment	309		309		181
Unpaid principal	309		309		181
Average recorded investment	309	181	281	182
Interest income recognized	0	0	0	0
With an allowance recorded [Abstract]
Recorded investment	349		349		322
Unpaid principal	349		349		322
Related allowance	59		59		61
Average recorded investment	350	323	334	324
Interest income recognized	5	3	14	11
Total impaired [Abstract]
Recorded investment	658		658		503
Unpaid principal	658		658		503
Related allowance	59		59		61
Average recorded investment	659	504	615	506
Interest income recognized	5	3	14	11
Commercial Loans [Member]
With no related allowance recorded [Abstract]
Recorded investment	145		145		347
Unpaid principal	145		145		347
Average recorded investment	148	355	153	320
Interest income recognized	0	0	0	0
With an allowance recorded [Abstract]
Recorded investment	131		131
Unpaid principal	131		131
Related allowance	41		41		0
Average recorded investment	131		58
Interest income recognized	1		1
Total impaired [Abstract]
Recorded investment	276		276		347
Unpaid principal	276		276		347
Related allowance	41		41		$ 0
Average recorded investment	279	355	211	320
Interest income recognized	$ 1	$ 0	$ 1	$ 0

Loans and Allowance for Loan _8

Loans and Allowance for Loan Losses, Troubled Debt Restructurings (Details) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Mar. 31, 2019USD ($)Contract	Mar. 31, 2018USD ($)Contract	Mar. 31, 2019USD ($)Contract	Mar. 31, 2018USD ($)Contract	Jun. 30, 2018Contract	Jun. 30, 2017Contract
Troubled Debt Restructurings [Abstract]
Number of contracts | Contract	0				0	0
TDR loans which have subsequently defaulted during the period | Contract	0	0	0	0
Residential Real Estate [Member] | Residential Real Estate [Member]
Troubled Debt Restructurings [Abstract]
Number of contracts | Contract		1		1
Pre-modification outstanding recorded investment		$ 184		$ 184
Post-modification outstanding recorded investment		184		184
Current outstanding recorded investment		$ 184		$ 184
Commercial Loans [Member]
Troubled Debt Restructurings [Abstract]
Number of contracts | Contract			1
Pre-modification outstanding recorded investment			$ 127
Post-modification outstanding recorded investment			131
Current outstanding recorded investment	$ 131		$ 131
Consumer Loan [Member] | Home Equity [Member]
Troubled Debt Restructurings [Abstract]
Number of contracts | Contract		1		1
Pre-modification outstanding recorded investment		$ 325		$ 325
Post-modification outstanding recorded investment		325		325
Current outstanding recorded investment		$ 323		$ 323

Loans and Allowance for Loan _9

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, 2019	Mar. 31, 2018	Mar. 31, 2019	Mar. 31, 2018	Jun. 30, 2018
Activity of allowance for loan losses by loan category [Roll Forward]
Balance, beginning of period	$ 12,673	$ 11,352	$ 12,024	$ 11,022
Charge-offs	220	104	505	509
Recoveries	43	29	269	65
Provision	350	345	1,058	1,044
Balance, end of period	12,846	11,622	12,846	11,622
Allocation of allowance for loan losses by loan category [Abstract]
Allowance for loan losses, ending balance, impairment analysis individually evaluated	392		392		$ 482
Allowance for loan losses, ending balance, impairment analysis collectively evaluated	12,454		12,454		11,542
Loans receivable, ending balance, impairment analysis individually evaluated	3,878		3,878		4,148
Loans receivable, ending balance, impairment analysis collectively evaluated	771,474		771,474		711,493
Residential Real Estate [Member] | Residential Real Estate [Member]
Activity of allowance for loan losses by loan category [Roll Forward]
Balance, beginning of period	2,070	2,099	2,116	2,289
Charge-offs	0	25	96	96
Recoveries	0	0	13	0
Provision	14	5	51	(114)
Balance, end of period	2,084	2,079	2,084	2,079
Allocation of allowance for loan losses by loan category [Abstract]
Allowance for loan losses, ending balance, impairment analysis individually evaluated	292		292		332
Allowance for loan losses, ending balance, impairment analysis collectively evaluated	1,792		1,792		1,784
Loans receivable, ending balance, impairment analysis individually evaluated	2,112		2,112		1,944
Loans receivable, ending balance, impairment analysis collectively evaluated	266,180		266,180		253,904
Residential Real Estate [Member] | Construction and Land [Member]
Activity of allowance for loan losses by loan category [Roll Forward]
Balance, beginning of period	93	86	114	89
Charge-offs	0	0	0	0
Recoveries	0	0	0	0
Provision	(13)	8	(34)	5
Balance, end of period	80	94	80	94
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	80		80		114
Loans receivable, ending balance, impairment analysis individually evaluated	0		0		0
Loans receivable, ending balance, impairment analysis collectively evaluated	6,780		6,780		9,951
Residential Real Estate [Member] | Multi-family [Member]
Activity of allowance for loan losses by loan category [Roll Forward]
Balance, beginning of period	180	95	162	43
Charge-offs	0	0	0	0
Recoveries	0	0	0	0
Provision	(12)	67	6	119
Balance, end of period	168	162	168	162
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	168		168		162
Loans receivable, ending balance, impairment analysis individually evaluated	0		0		0
Loans receivable, ending balance, impairment analysis collectively evaluated	22,131		22,131		14,961
Commercial Real Estate [Member] | Real Estate [Member]
Activity of allowance for loan losses by loan category [Roll Forward]
Balance, beginning of period	6,182	5,904	5,979	5,589
Charge-offs	74	0	74	0
Recoveries	0	0	0	0
Provision	238	52	441	367
Balance, end of period	6,346	5,956	6,346	5,956
Allocation of allowance for loan losses by loan category [Abstract]
Allowance for loan losses, ending balance, impairment analysis individually evaluated	0		0		60
Allowance for loan losses, ending balance, impairment analysis collectively evaluated	6,346		6,346		5,919
Loans receivable, ending balance, impairment analysis individually evaluated	730		730		1,178
Loans receivable, ending balance, impairment analysis collectively evaluated	308,505		308,505		282,757
Commercial Real Estate [Member] | Construction [Member]
Activity of allowance for loan losses by loan category [Roll Forward]
Balance, beginning of period	876	603	950	687
Charge-offs	0	0	0	0
Recoveries	0	0	0	0
Provision	117	136	43	52
Balance, end of period	993	739	993	739
Allocation of allowance for loan losses by loan category [Abstract]
Allowance for loan losses, ending balance, impairment analysis individually evaluated	0		0		29
Allowance for loan losses, ending balance, impairment analysis collectively evaluated	993		993		921
Loans receivable, ending balance, impairment analysis individually evaluated	102		102		176
Loans receivable, ending balance, impairment analysis collectively evaluated	41,384		41,384		39,190
Consumer Loan [Member] | Home Equity [Member]
Activity of allowance for loan losses by loan category [Roll Forward]
Balance, beginning of period	322	312	317	234
Charge-offs	0	0	0	0
Recoveries	0	0	0	0
Provision	(18)	0	(13)	78
Balance, end of period	304	312	304	312
Allocation of allowance for loan losses by loan category [Abstract]
Allowance for loan losses, ending balance, impairment analysis individually evaluated	59		59		61
Allowance for loan losses, ending balance, impairment analysis collectively evaluated	245		245		256
Loans receivable, ending balance, impairment analysis individually evaluated	658		658		503
Loans receivable, ending balance, impairment analysis collectively evaluated	21,550		21,550		21,416
Consumer Loan [Member] | Consumer Installment [Member]
Activity of allowance for loan losses by loan category [Roll Forward]
Balance, beginning of period	290	252	224	231
Charge-offs	95	79	284	256
Recoveries	43	29	103	65
Provision	(28)	(14)	167	148
Balance, end of period	210	188	210	188
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	210		210		224
Loans receivable, ending balance, impairment analysis individually evaluated	0		0		0
Loans receivable, ending balance, impairment analysis collectively evaluated	5,213		5,213		5,017
Commercial Loans [Member]
Activity of allowance for loan losses by loan category [Roll Forward]
Balance, beginning of period	2,381	2,001	2,128	1,680
Charge-offs	51	0	51	157
Recoveries	0	0	153	0
Provision	(49)	(26)	51	452
Balance, end of period	2,281	1,975	2,281	1,975
Allocation of allowance for loan losses by loan category [Abstract]
Allowance for loan losses, ending balance, impairment analysis individually evaluated	41		41		0
Allowance for loan losses, ending balance, impairment analysis collectively evaluated	2,240		2,240		2,128
Loans receivable, ending balance, impairment analysis individually evaluated	276		276		347
Loans receivable, ending balance, impairment analysis collectively evaluated	99,731		99,731		84,297
Unallocated [Member]
Activity of allowance for loan losses by loan category [Roll Forward]
Balance, beginning of period	279	0	34	180
Charge-offs	0	0	0	0
Recoveries	0	0	0	0
Provision	101	117	346	(63)
Balance, end of period	380	$ 117	380	$ 117
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	380		380		34
Loans receivable, ending balance, impairment analysis individually evaluated	0		0		0
Loans receivable, ending balance, impairment analysis collectively evaluated	$ 0		$ 0		$ 0

Loans and Allowance for Loan_10

Loans and Allowance for Loan Losses, Foreclosed Real Estate (FRE) (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Jun. 30, 2018
Foreclosed Real Estate [Abstract]
Foreclosed real estate	$ 54	$ 119
Residential Real Estate [Member]
Foreclosed Real Estate [Abstract]
Foreclosed real estate	$ 54	$ 119

Fair Value Measurements and F_3

Fair Value Measurements and Fair Value of Financial Instruments, Assets Measured on Recurring Basis (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Jun. 30, 2018
Assets [Abstract]
Securities available-for-sale	$ 104,008	$ 120,806
Equity securities	237	217
Recurring [Member]
Assets [Abstract]
Securities available-for-sale	104,008	120,806
Equity securities	237	217
Total securities measured at fair value	104,245	121,023
Recurring [Member] | U.S. Government Sponsored Enterprises [Member]
Assets [Abstract]
Securities available-for-sale	5,547	5,531
Recurring [Member] | State and Political Subdivisions [Member]
Assets [Abstract]
Securities available-for-sale	77,366	92,255
Recurring [Member] | Mortgage-backed Securities-Residential [Member]
Assets [Abstract]
Securities available-for-sale	2,763	3,247
Recurring [Member] | Mortgage-backed Securities-Multi-family [Member]
Assets [Abstract]
Securities available-for-sale	16,575	18,069
Recurring [Member] | Corporate Debt Securities [Member]
Assets [Abstract]
Securities available-for-sale	1,757	1,704
Recurring [Member] | Level 1 [Member]
Assets [Abstract]
Securities available-for-sale	1,757	1,704
Equity securities	237	217
Total securities measured at fair value	1,994	1,921
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] | Corporate Debt Securities [Member]
Assets [Abstract]
Securities available-for-sale	1,757	1,704
Recurring [Member] | Level 2 [Member]
Assets [Abstract]
Securities available-for-sale	102,251	119,102
Equity securities	0	0
Total securities measured at fair value	102,251	119,102
Recurring [Member] | Level 2 [Member] | U.S. Government Sponsored Enterprises [Member]
Assets [Abstract]
Securities available-for-sale	5,547	5,531
Recurring [Member] | Level 2 [Member] | State and Political Subdivisions [Member]
Assets [Abstract]
Securities available-for-sale	77,366	92,255
Recurring [Member] | Level 2 [Member] | Mortgage-backed Securities-Residential [Member]
Assets [Abstract]
Securities available-for-sale	2,763	3,247
Recurring [Member] | Level 2 [Member] | Mortgage-backed Securities-Multi-family [Member]
Assets [Abstract]
Securities available-for-sale	16,575	18,069
Recurring [Member] | Level 2 [Member] | Corporate Debt Securities [Member]
Assets [Abstract]
Securities available-for-sale	0	0
Recurring [Member] | Level 3 [Member]
Assets [Abstract]
Securities available-for-sale	0	0
Equity securities	0	0
Total securities measured at fair value	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] | Corporate Debt Securities [Member]
Assets [Abstract]
Securities available-for-sale	$ 0	$ 0

Fair Value Measurements and F_4

Fair Value Measurements and Fair Value of Financial Instruments, Assets and Liabilities Measured on Nonrecurring Basis (Details) $ in Thousands	9 Months Ended
	Mar. 31, 2019USD ($)Approach	Jun. 30, 2018USD ($)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans, recorded investment	$ 3,878	$ 4,148
Impaired loans, related allowance	392	482
Nonrecurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans, recorded investment	2,506	2,799
Impaired loans, related allowance	392	482
Impaired loans, fair value	2,114	2,317
Foreclosed real estate, recorded investment	54	119
Foreclosed real estate, related allowance	0	0
Foreclosed real estate, fair value	$ 54	119
Nonrecurring [Member] | Maximum [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Number of approaches used for appraisals | Approach	3
Nonrecurring [Member] | Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans, fair value	$ 0	0
Foreclosed real estate, fair value	0	0
Nonrecurring [Member] | Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans, fair value	0	0
Foreclosed real estate, fair value	0	0
Nonrecurring [Member] | Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans, fair value	2,114	2,317
Foreclosed real estate, fair value	$ 54	$ 119

Fair Value Measurements and F_5

Fair Value Measurements and Fair Value of Financial Instruments, Fair Value Inputs, Assets, Quantitative Information (Details) $ in Thousands		Mar. 31, 2019USD ($)	Jun. 30, 2018USD ($)
Nonrecurring [Member]
Additional Quantitative Information about Assets Measured at Fair Value [Abstract]
Impaired loans		$ 2,114	$ 2,317
Foreclosed real estate		54	119
Level 3 [Member] | Appraisal of Collateral [Member]
Additional Quantitative Information about Assets Measured at Fair Value [Abstract]
Impaired loans	[1]	1,468	1,687
Foreclosed real estate	[1]	54	119
Level 3 [Member] | Discounted Cash Flow [Member]
Additional Quantitative Information about Assets Measured at Fair Value [Abstract]
Impaired loans	[1]	646	630
Level 3 [Member] | Nonrecurring [Member]
Additional Quantitative Information about Assets Measured at Fair Value [Abstract]
Impaired loans		2,114	2,317
Foreclosed real estate		$ 54	$ 119
Level 3 [Member] | Appraisal Adjustments [Member] | Appraisal of Collateral [Member] | Minimum [Member]
Additional Quantitative Information about Assets Measured at Fair Value [Abstract]
Impaired loans, measurement input	[1],[2]	0.0300	0.2658
Foreclosed real estate, measurement input	[1],[2]	0	0
Level 3 [Member] | Appraisal Adjustments [Member] | Appraisal of Collateral [Member] | Maximum [Member]
Additional Quantitative Information about Assets Measured at Fair Value [Abstract]
Impaired loans, measurement input	[1],[2]	0.3100	0.3100
Foreclosed real estate, measurement input	[1],[2]	0	0
Level 3 [Member] | Appraisal Adjustments [Member] | Appraisal of Collateral [Member] | Weighted Average [Member]
Additional Quantitative Information about Assets Measured at Fair Value [Abstract]
Impaired loans, measurement input	[1],[2]	0.2584	0.2817
Foreclosed real estate, measurement input	[1],[2]	0	0
Level 3 [Member] | Liquidation Expenses [Member] | Appraisal of Collateral [Member] | Minimum [Member]
Additional Quantitative Information about Assets Measured at Fair Value [Abstract]
Impaired loans, measurement input	[1],[3]	0.0414	0.0414
Foreclosed real estate, measurement input	[1],[3]	0.0996	0.0899
Level 3 [Member] | Liquidation Expenses [Member] | Appraisal of Collateral [Member] | Maximum [Member]
Additional Quantitative Information about Assets Measured at Fair Value [Abstract]
Impaired loans, measurement input	[1],[3]	0.0582	0.0726
Foreclosed real estate, measurement input	[1],[3]	0.0996	0.1178
Level 3 [Member] | Liquidation Expenses [Member] | Appraisal of Collateral [Member] | Weighted Average [Member]
Additional Quantitative Information about Assets Measured at Fair Value [Abstract]
Impaired loans, measurement input	[1],[3]	0.0445	0.0507
Foreclosed real estate, measurement input	[1],[3]	0.0996	0.0992
Level 3 [Member] | Discount Rate [Member] | Discounted Cash Flow [Member] | Minimum [Member]
Additional Quantitative Information about Assets Measured at Fair Value [Abstract]
Impaired loans, measurement input		0.0419	0.0419
Level 3 [Member] | Discount Rate [Member] | Discounted Cash Flow [Member] | Maximum [Member]
Additional Quantitative Information about Assets Measured at Fair Value [Abstract]
Impaired loans, measurement input		0.0866	0.0663
Level 3 [Member] | Discount Rate [Member] | Discounted Cash Flow [Member] | Weighted Average [Member]
Additional Quantitative Information about Assets Measured at Fair Value [Abstract]
Impaired loans, measurement input		0.0607	0.0536
[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 are adjusted downwards by management for qualitative factors such as the estimated costs to liquidate the collateral.

Fair Value Measurements and F_6

Fair Value Measurements and Fair Value of Financial Instruments, Carrying Amount and Estimated Fair Value (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Jun. 30, 2018
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Securities available-for-sale	$ 104,008	$ 120,806
Equity securities	237	217
Carrying Amount [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents	88,422	26,504
Long term certificate of deposit	2,875	2,385
Securities available-for-sale	104,008	120,806
Securities held-to-maturity	291,456	274,550
Equity securities	237	217
Federal Home Loan Bank stock	1,298	1,545
Net loans	763,285	704,431
Accrued interest receivable	6,125	5,057
Deposits	1,139,778	1,025,234
Borrowings	12,650	18,150
Accrued interest payable	98	88
Fair Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents	88,422	26,504
Long term certificate of deposit	2,875	2,385
Securities available-for-sale	104,008	120,806
Securities held-to-maturity	296,622	274,177
Equity securities	237	217
Federal Home Loan Bank stock	1,298	1,545
Net loans	754,907	698,879
Accrued interest receivable	6,125	5,057
Deposits	1,139,789	1,025,302
Borrowings	12,473	17,755
Accrued interest payable	98	88
Fair Value [Member] | Level 1 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents	88,422	26,504
Long term certificate of deposit	2,875	2,385
Securities available-for-sale	1,757	1,704
Securities held-to-maturity	0	0
Equity securities	237	217
Federal Home Loan Bank stock	0	0
Net loans	0	0
Accrued interest receivable	0	0
Deposits	0	0
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	102,251	119,102
Securities held-to-maturity	296,622	274,177
Equity securities	0	0
Federal Home Loan Bank stock	1,298	1,545
Net loans	0	0
Accrued interest receivable	6,125	5,057
Deposits	1,139,789	1,025,302
Borrowings	12,473	17,755
Accrued interest payable	98	88
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
Equity securities	0	0
Federal Home Loan Bank stock	0	0
Net loans	754,907	698,879
Accrued interest receivable	0	0
Deposits	0	0
Borrowings	0	0
Accrued interest payable	$ 0	$ 0

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Mar. 31, 2019	Mar. 31, 2018
Earnings Per Share [Abstract]
Antidilutive securities or contracts outstanding (in shares)	0	0	0	0
Net Income	$ 4,356	$ 3,677	$ 13,320	$ 10,789
Weighted Average Shares - Basic (in shares)	8,537,814	8,517,614	8,537,814	8,508,103
Effect of Dilutive Stock Options (in shares)	0	18,793	0	25,747
Weighted Average Shares - Dilute (in shares)	8,537,814	8,536,407	8,537,814	8,533,850
Earnings per share - Basic (in dollars per share)	$ 0.51	$ 0.43	$ 1.56	$ 1.27
Earnings per share - Diluted (in dollars per share)	$ 0.51	$ 0.43	$ 1.56	$ 1.26

Dividends (Details)

Dividends (Details) - $ / shares	Jan. 15, 2019	Mar. 31, 2019	Mar. 31, 2018	Mar. 31, 2019	Mar. 31, 2018
Dividends [Abstract]
Common stock, dividends, per share, declared (in dollars per share)		$ 0.1000	$ 0.0975	$ 0.3000	$ 0.2925
2019 Q2 Dividend [Member]
Dividends [Abstract]
Dividends payable, date declared				Jan. 15, 2019
Common stock, dividends, per share, declared (in dollars per share)	$ 0.10
Dividends payable, date of record				Feb. 15, 2019
Dividends payable, date paid				Feb. 28, 2019
2019 Annual Dividend [Member]
Dividends [Abstract]
Common stock, dividends, per share, declared (in dollars per share)	$ 0.40

Impact of Recent Accounting P_3

Impact of Recent Accounting Pronouncements (Details) - ASU 2016-01 [Member] $ in Thousands	Jun. 30, 2018USD ($)
Recent Accounting Pronouncements [Abstract]
Equity investments, amortized cost	$ 62
Equity investments, fair value	217
Cumulative-effect adjustment to increase retained earnings	0	[1]
Retained Earnings [Member]
Recent Accounting Pronouncements [Abstract]
Cumulative-effect adjustment to increase retained earnings	$ 114	[1]
[1]	See Note 9 Impact of Recent Accounting Pronouncements - cumulative effect of change in measurement of equity securities.

Employee Benefit Plans (Details

Employee Benefit Plans (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Mar. 31, 2019	Mar. 31, 2018	Jun. 30, 2018
Defined Benefit Plan [Member]
Components of Net Periodic Pension Costs [Abstract]
Interest cost	$ 54	$ 55	$ 162	$ 165
Expected return on plan assets	(59)	(62)	(177)	(186)
Amortization of net loss	35	42	105	126
Net periodic pension cost	30	35	90	105
Employer contributions	230		230
Supplemental Executive Retirement Plan [Member]
Components of Net Periodic Pension Costs [Abstract]
Net periodic pension cost	165	$ 108	487	$ 316
Postemployment benefits liability	$ 4,600		$ 4,600		$ 3,900

Stock-Based Compensation (Detai

Stock-Based Compensation (Details) - 2008 Stock Option Plan [Member] - Stock Option [Member] $ / shares in Units, $ in Thousands	3 Months Ended	9 Months Ended
	Mar. 31, 2018USD ($)$ / sharesshares	Mar. 31, 2018USD ($)$ / sharesshares
Stock option activity, shares [Roll Forward]
Outstanding at beginning of period (in shares)		37,770
Exercised (in shares)		(24,000)
Outstanding and exercisable at period end (in shares)	13,770	13,770
Stock option activity, weighted average exercise price per share [Abstract]
Outstanding at beginning of year (in dollars per share) | $ / shares		$ 6.25
Exercised (in dollars per share) | $ / shares		6.25
Outstanding and exercisable at period end (in dollars per share) | $ / shares	$ 6.25	$ 6.25
Options outstanding, intrinsic value | $	$ 419	$ 419
Options exercisable, intrinsic value | $	419	419
Options exercised during period, total intrinsic value | $	$ 563	$ 666
Options granted (in shares)		0

Stock-Based Compensation, Phant

Stock-Based Compensation, Phantom Stock Option Plan and Long-term Incentive Plan (Details) - 2011 Phantom Stock Option and Long-term Incentive Plan [Member] - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Mar. 31, 2019	Mar. 31, 2018	Jun. 30, 2018
Stock option related information [Abstract]
Total liability for the Plan	$ 3,300		$ 3,300		$ 3,000
Phantom Stock Option [Member]
Stock option activity, shares [Roll Forward]
Outstanding at beginning of period (in shares)	1,742,100	1,634,160	1,634,160	1,522,720
Options granted (in shares)	0	0	592,700	594,200
Options forfeited (in shares)	0	0	0	(27,000)
Options paid in cash (in shares)	(18,000)	0	(502,760)	(455,760)
Outstanding, end of period (in shares)	1,724,100	1,634,160	1,724,100	1,634,160
Stock option related information [Abstract]
Cash paid out on options vested	$ 41	$ 0	$ 1,745	$ 1,187
Compensation costs recognized	$ 810	$ 640	$ 2,021	$ 1,460

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended	9 Months Ended
		Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2017	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018	Jun. 30, 2018		Jun. 30, 2017
Balances and changes in components of accumulated other comprehensive loss [Roll Forward]
Balance				$ 83,521	$ 96,191	$ 83,521
Total other comprehensive income (loss), net of taxes		$ 181	$ (326)		398	(648)
Balance		108,265	92,667		$ 108,265	92,667
ASU 2018-02 [Member]
Balances and changes in components of accumulated other comprehensive loss [Roll Forward]
Reclassification for change in accounting	[1]									$ 0
Accumulated Other Comprehensive Loss [Abstract]
Federal corporate tax rate				34.00%	21.00%
ASU 2016-01 [Member]
Balances and changes in components of accumulated other comprehensive loss [Roll Forward]
Reclassification for change in accounting	[2]							$ 0
Accumulated Other Comprehensive Loss [Member]
Balances and changes in components of accumulated other comprehensive loss [Roll Forward]
Balance		(1,520)	(1,314)	$ (992)	$ (1,623)	(992)
Other comprehensive income (loss) before reclassification		181	(326)		398	(648)
Amounts reclassified from accumulated other comprehensive income		0	0		0	0
Total other comprehensive income (loss), net of taxes		181	(326)		398	(648)
Balance		(1,339)	(1,899)	(1,314)	(1,339)	(1,899)
Accumulated Other Comprehensive Loss [Member] | ASU 2018-02 [Member]
Balances and changes in components of accumulated other comprehensive loss [Roll Forward]
Reclassification of stranded tax effect	[1]		(259)			(259)
Reclassification for change in accounting	[1]									$ (259)
Accumulated Other Comprehensive Loss [Member] | ASU 2016-01 [Member]
Balances and changes in components of accumulated other comprehensive loss [Roll Forward]
Reclassification for change in accounting	[3]						$ 0	(114)	[2]
Unrealized Gain (Losses) on Securities Available-for-sale [Member]
Balances and changes in components of accumulated other comprehensive loss [Roll Forward]
Balance		113	290	612	10	612
Other comprehensive income (loss) before reclassification		181	(326)		398	(648)
Amounts reclassified from accumulated other comprehensive income		0	0		0	0
Total other comprehensive income (loss), net of taxes		181	(326)		398	(648)
Balance		294	21	290	294	21
Unrealized Gain (Losses) on Securities Available-for-sale [Member] | ASU 2018-02 [Member]
Balances and changes in components of accumulated other comprehensive loss [Roll Forward]
Reclassification of stranded tax effect	[1]		57			57
Unrealized Gain (Losses) on Securities Available-for-sale [Member] | ASU 2016-01 [Member]
Balances and changes in components of accumulated other comprehensive loss [Roll Forward]
Reclassification for change in accounting	[3]						0	(114)
Pension Benefits [Member]
Balances and changes in components of accumulated other comprehensive loss [Roll Forward]
Balance		(1,633)	(1,604)	(1,604)	(1,633)	(1,604)
Other comprehensive income (loss) before reclassification		0	0		0	0
Amounts reclassified from accumulated other comprehensive income		0	0		0	0
Total other comprehensive income (loss), net of taxes		0	0		0	0
Balance		$ (1,633)	(1,920)	$ (1,604)	$ (1,633)	(1,920)
Pension Benefits [Member] | ASU 2018-02 [Member]
Balances and changes in components of accumulated other comprehensive loss [Roll Forward]
Reclassification of stranded tax effect	[1]		$ (316)			$ (316)
Pension Benefits [Member] | ASU 2016-01 [Member]
Balances and changes in components of accumulated other comprehensive loss [Roll Forward]
Reclassification for change in accounting	[3]						$ 0	$ 0
[1]	Adoption of Accounting Standard Update 2018-02, reclassification from accumulated other comprehensive loss to retained earnings for stranded tax effects resulting from newly enacted Federal corporate income tax rate from 34% to 21%.
[2]	See Note 9 Impact of Recent Accounting Pronouncements - cumulative effect of change in measurement of equity securities.
[3]	Adoption of ASU 2016-01 - cumulative effect of change in measurement of equity securities.

Revenue from Contracts with C_3

Revenue from Contracts with Customers (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Mar. 31, 2019	Mar. 31, 2018
Sales of assets [Abstract]
Net (loss) gain on sale of foreclosed real estate	$ (25)	$ (20)	$ (34)	$ 33
Service Charges on Deposit Accounts [Member]
Revenues Subject to ASC 606 [Abstract]
Revenue from contract with customers	960	932	3,103	2,717
Insufficient Funds Fees [Member]
Revenues Subject to ASC 606 [Abstract]
Revenue from contract with customers	855	839	2,782	2,439
Deposit Related Fees [Member]
Revenues Subject to ASC 606 [Abstract]
Revenue from contract with customers	39	39	117	116
ATM/Point of Sale Fees [Member]
Revenues Subject to ASC 606 [Abstract]
Revenue from contract with customers	66	54	204	162
Debit Card Interchange Fees [Member]
Revenues Subject to ASC 606 [Abstract]
Revenue from contract with customers	604	566	1,929	1,723
E-commerce Fee Income [Member]
Revenues Subject to ASC 606 [Abstract]
Revenue from contract with customers	31	31	102	104
Investment Services Income [Member]
Revenues Subject to ASC 606 [Abstract]
Revenue from contract with customers	$ 145	$ 138	$ 396	$ 332

Subsequent events (Details)

Subsequent events (Details) - $ / shares	Apr. 16, 2019	Jan. 15, 2019	Mar. 31, 2019	Mar. 31, 2018	Mar. 31, 2019	Mar. 31, 2018
Dividends [Abstract]
Common stock, dividends declared (in dollars per share)			$ 0.1000	$ 0.0975	$ 0.3000	$ 0.2925
2019 Annual Dividend [Member]
Dividends [Abstract]
Common stock, dividends declared (in dollars per share)		$ 0.40
Subsequent Event [Member] | 2019 Q3 Dividend [Member]
Dividends [Abstract]
Dividends payable, date declared	Apr. 16, 2019
Common stock, dividends declared (in dollars per share)	$ 0.10
Dividends payable, date of record	May 15, 2019
Dividends payable, date paid	May 31, 2019
Subsequent Event [Member] | 2019 Annual Dividend [Member]
Dividends [Abstract]
Common stock, dividends declared (in dollars per share)	$ 0.40