PSB (PSBX) Inactive 10-K24 Sep 142014 FY Annual reportFinancial data

Company Profile

Document_and_Entity_Informatio

Document and Entity Information (USD $)	12 Months Ended
In Millions, except Share data, unless otherwise specified	Jun. 30, 2014	Aug. 31, 2014	Dec. 31, 2013
Document and Entity Information [Abstract]	'	'	'
Entity Registrant Name	'PSB Holdings, Inc.	'	'
Entity Central Index Key	'0001293211	'	'
Trading Symbol	'psbh	'	'
Entity Current Reporting Status	'Yes	'	'
Entity Voluntary Filers	'No	'	'
Current Fiscal Year End Date	'--06-30	'	'
Entity Filer Category	'Smaller Reporting Company	'	'
Entity Well-known Seasoned Issuer	'No	'	'
Entity Common Stock, Shares Outstanding	'	6,541,561	'
Entity Public Float	'	'	$11.50
Document Type	'10-K	'	'
Document Period End Date	30-Jun-14	'	'
Amendment Flag	'false	'	'
Document Fiscal Year Focus	'2014	'	'
Document Fiscal Period Focus	'FY	'	'

Consolidated_Balance_Sheets

Consolidated Balance Sheets (USD $)	Jun. 30, 2014	Jun. 30, 2013
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013
ASSETS	'	'
Cash and due from depository institutions	$4,573	$5,306
Interest-bearing deposits with other banks	2,762	7,487
Cash and cash equivalents	7,335	12,793
Investments in available-for-sale securities, at fair value	48,081	38,450
Investments in held-to-maturity securities (fair value of $143,257 as of June 30, 2014 and $135,418 as of June 30, 2013)	142,176	134,989
Federal Home Loan Bank stock, at cost	5,927	6,953
Loans held-for-sale	100	1,037
Loans	232,506	234,864
Allowance for loan losses	-2,380	-2,693
Net loans	230,126	232,171
Premises and equipment	4,037	4,237
Accrued interest receivable	1,018	1,013
Other real estate owned	1,549	1,665
Goodwill	6,912	6,912
Bank-owned life insurance	9,150	8,859
Deferred tax asset	2,661	2,903
Other assets	1,967	2,396
Total assets	461,039	454,378
Deposits:	'	'
Noninterest-bearing	53,021	44,231
Interest-bearing	294,235	297,054
Total deposits	347,256	341,285
Mortgagors' escrow accounts	2,267	2,120
Federal Home Loan Bank advances	53,500	53,500
Securities sold under agreements to repurchase	4,181	4,849
Other liabilities	2,384	2,543
Total liabilities	409,588	404,297
Commitments and Contingencies (Notes 4, 10 and 12)	'	'
Stockholders' equity:	'	'
Preferred stock, $0.10 par value, 1,000,000 shares authorized, no shares issued and outstanding	'	'
Common stock, $0.10 par value, 12,000,000 shares authorized, 6,943,125 shares issued, 6,541,561 shares outstanding at June 30, 2014 and June 30, 2013	694	694
Additional paid-in capital	30,602	30,602
Retained earnings	25,793	24,836
Accumulated other comprehensive loss	-237	-523
Unearned ESOP shares	-1,310	-1,437
Treasury stock, at cost ( 401,564 shares at June 30, 2014 and June 30, 2013)	-4,091	-4,091
Total stockholders' equity	51,451	50,081
Total liabilities and stockholders' equity	$461,039	$454,378

Consolidated_Balance_Sheets_Pa

Consolidated Balance Sheets (Parentheticals) (USD $)	Jun. 30, 2014	Jun. 30, 2013
In Thousands, except Share data, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013
Statement Of Financial Position [Abstract]	'	'
Held-to-maturity securities, fair value (in dollars)	$143,257	$135,418
Preferred stock, par value (in dollars per share)	$0.10	$0.10
Preferred stock, shares authorized	1,000,000	1,000,000
Preferred stock, shares issued	'	'
Preferred stock, shares outstanding	'	'
Common stock, par value (in dollars per share)	$0.10	$0.10
Common stock, shares authorized	12,000,000	12,000,000
Common stock, shares issued	6,943,125	6,943,125
Common stock, shares outstanding	6,541,561	6,541,561
Treasury stock, shares	401,564	401,564

Consolidated_Statements_of_Net

Consolidated Statements of Net Income (USD $)	12 Months Ended
In Thousands, except Share data, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013
Interest and dividend income:	'	'
Interest and fees on loans	$10,162	$11,531
Interest on debt securities	3,200	3,204
Dividends on marketable equity securities	466	471
Dividends on Federal Home Loan Bank stock	65	33
Other interest	11	14
Total interest and dividend income	13,904	15,253
Interest expense:	'	'
Interest on deposits	2,444	3,082
Interest on Federal Home Loan Bank advances	1,540	1,701
Interest on securities sold under agreements to repurchase	15	11
Total interest expense	3,999	4,794
Net interest and dividend income	9,905	10,459
Provision for loan losses	55	770
Net interest and dividend income after provision for loan losses	9,850	9,689
Non-interest income:	'	'
Total other-than-temporary impairment losses on debt securities	-231	-780
Portion of losses recognized in other comprehensive income	221	318
Net impairment losses recognized in earnings	-10	-462
Fees for services	1,768	1,753
Mortgage banking activities	72	298
Net commissions from brokerage services	127	113
Bank-owned life insurance income	291	486
Gain on sales and calls of available-for-sale securities, net	'	206
Other income	244	142
Total non-interest income	2,492	2,536
Non-interest expense:	'	'
Compensation and benefits	5,915	5,677
Occupancy and equipment	1,198	1,243
Data processing	863	687
LAN/ WAN network	146	144
Advertising and marketing	174	163
OCC assessment	191	186
Professional fees	465	466
FDIC deposit insurance	551	598
Other real estate owned	265	104
Write-down of other real estate owned	228	48
Other	1,191	1,267
Total non-interest expense	11,187	10,583
Income before income tax expense	1,155	1,642
Income tax expense	152	305
Net income	$1,003	$1,337
Earnings per common share:	'	'
Basic (in dollars per share)	$0.16	$0.21
Diluted (in dollars per share)	$0.16	$0.21
Weighted average common shares outstanding:	'	'
Basic (in shares)	6,402,597	6,384,712
Diluted (in shares)	6,402,597	6,384,712

Consolidated_Statements_of_Com

Consolidated Statements of Comprehensive Income (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014		Jun. 30, 2013
Statement of Comprehensive Income [Abstract]	'		'
Net income	$1,003		$1,337
Other comprehensive income:	'		'
Net unrealized holding gains on available-for-sale securities	644		801
Reclassification adjustment for losses realized in income on available-for-sale securities (1)	10	[1]	256	[1]
Non credit portion of other-than-temporary losses on available-for-sale securities	-221		-318
Other comprehensive income before tax	433		739
Income tax expense related to other comprehensive income	-147		-249
Other comprehensive income net of tax	286		490
Total comprehensive income	$1,289		$1,827

[1]	Amounts are included in net impairment losses recognized in earnings and gains on sales and calls of available-for-sale securities, net in non-interest income on the consolidated statements of net income. Income tax benefit associated with these reclassification adjustments was $3,000 and $89,000 for the years ended June 30, 2014 and 2013, respectively.

Consolidated_Statements_of_Com1

Consolidated Statements of Comprehensive Income (Parentheticals) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013
Statement of Comprehensive Income [Abstract]	'	'
Income tax benefit associated with reclassification adjustments	$3,000	$89,000

Consolidated_Statements_of_Cha

Consolidated Statements of Changes in Stockholders' Equity (USD $)	Common Stock	Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Loss	Unearned ESOP Shares	Treasury Stock	Total
In Thousands, unless otherwise specified	Common Stock	Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Loss	Unearned ESOP Shares	Treasury Stock	Total
Balance at Jun. 30, 2012	$694	$30,602	$23,630	($1,013)	($1,565)	($4,213)	$48,135
Increase (Decrease) in Stockholders' Equity [Roll Forward]	'	'	'	'	'	'	'
Comprehensive income	'	'	1,337	490	'	'	1,827
ESOP shares committed to be released (12,779 and 12,780 shares for the years ended June 30, 2014 and 2013, respectively)	'	'	-62	'	128	'	66
Shares issued	'	'	-69	'	'	122	53
Balance at Jun. 30, 2013	694	30,602	24,836	-523	-1,437	-4,091	50,081
Increase (Decrease) in Stockholders' Equity [Roll Forward]	'	'	'	'	'	'	'
Comprehensive income	'	'	1,003	286	'	'	1,289
ESOP shares committed to be released (12,779 and 12,780 shares for the years ended June 30, 2014 and 2013, respectively)	'	'	-46	'	127	'	81
Balance at Jun. 30, 2014	$694	$30,602	$25,793	($237)	($1,310)	($4,091)	$51,451

Consolidated_Statements_of_Cha1

Consolidated Statements of Changes in Stockholders' Equity (Parentheticals)	12 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013
Statement Of Stockholders' Equity [Abstract]	'	'
Number of ESOP shares committed to be released (in shares)	12,779	12,780

Consolidated_Statements_of_Cas

Consolidated Statements of Cash Flows (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013
Cash flows from operating activities:	'	'
Net income	$1,003	$1,337
Adjustments to reconcile net income to cash provided by operating activities:	'	'
Amortization of securities, net	1,236	1,375
Gain on sales and calls of securities, net	'	-206
Impairment losses on securities	10	462
Net decrease (increase) in loans held for sale	937	-261
Amortization of deferred loan costs, net	75	71
Provision for loan losses	55	770
Gain on sale of other real estate owned	-62	-10
Write-down of other real estate owned	228	48
Loss on sale of premises and equipment	2	1
Depreciation and amortization - premises and equipment	334	358
Amortization - software	110	99
Decrease in accrued interest receivable and other assets	375	368
Increase in cash surrender value of bank-owned life insurance	-291	-310
Decrease in other liabilities	-159	-140
Deferred tax expense	94	738
Amortization of ESOP expense	81	66
Net cash provided by operating activities	4,028	4,766
Cash flows from investing activities:	'	'
Purchase of available-for-sale securities	-15,987	-4,082
Proceeds from sales of available-for-sale securities	'	3,680
Proceeds from maturities and paydowns of available-for-sale securities	6,636	9,616
Purchase of held-to-maturity securities	-37,263	-67,402
Proceeds from calls, paydowns and maturities of held-to-maturity securities	28,983	38,265
Redemption of Federal Home Loan Bank stock	1,026	583
Loan repayments net of originations	775	14,875
Bank-owned life insurance death benefit income	'	-176
Recoveries of loans previously charged off	83	188
Proceeds from the surrender of bank-owned life insurance policy	'	386
Proceeds from sale of other real estate owned	1,036	477
Capital expenditures - premises and equipment	-136	-70
Capital expenditures - software	-60	-8
Capital expenditures - other real estate owned	-29	'
Net cash used in investing activities	-14,936	-3,668
Cash flows from financing activities:	'	'
Net increase (decrease) in deposit accounts	5,971	-1,053
Net increase in mortgagors' escrow accounts	147	86
Proceeds from long-term Federal Home Loan Bank advances	2,500	'
Repayment of long-term Federal Home Loan Bank advances	-2,500	'
Net (decrease) increase in securities sold under agreements to repurchase	-668	1,196
Shares issued	'	53
Net cash provided by financing activities	5,450	282
Decrease in cash and cash equivalents	-5,458	1,380
Cash and cash equivalents at beginning of year	12,793	11,413
Cash and cash equivalents at end of year	7,335	12,793
Cash paid during the period for:	'	'
Interest	4,018	4,817
Income taxes paid (refunded)	1	-550
Loans transferred to other real estate owned	$1,057	$497

NATURE_OF_OPERATIONS

NATURE OF OPERATIONS	12 Months Ended
NATURE OF OPERATIONS	Jun. 30, 2014
Organization, Consolidation and Presentation Of Financial Statements [Abstract]	'
NATURE OF OPERATIONS	'
	1. NATURE OF OPERATIONS

	PSB Holdings, Inc. (the “Company”) is a federally chartered holding company formed on May 27, 2003 for the purpose of acquiring all of the common stock of Putnam Bank (the “Bank”) concurrent with the Bank’s reorganization from a mutual savings institution to the mutual holding company form of organization. No shares were offered to the public as part of this reorganization.

	On October 4, 2004, the Company completed a plan of stock issuance pursuant to which 44.5% of its common stock was sold to eligible depositors and the Putnam Savings Bank Employee Stock Ownership Plan (“ESOP”). The Company issued a total of 6,943,125 shares.

	3,729,846 shares, representing 53.72% of total shares issued, were issued to Putnam Bancorp MHC in exchange for its ownership of the Bank. The sole purpose of Putnam Bancorp MHC is to own a majority of the common stock of PSB Holdings, Inc.

	As part of the stock issuance, the Bank established the ESOP, which purchased 257,062 shares of common stock. The ESOP borrowed the necessary funds from the Company. The Bank intends to make annual contributions adequate to meet the debt service requirements of the ESOP.

	In connection with the stock offering the Company established The Putnam Savings Foundation and contributed 123,588 shares of common stock, representing 4% of shares sold to the public. The Foundation supports charities in the geographic area the Bank serves.

	The Bank is a federally chartered savings bank and provides a full range of banking services to individual and small business customers located primarily in Connecticut. The Bank is subject to competition from other financial institutions throughout the region. There are no concentrations of credit to borrowers that have similar economic characteristics. The majority of the Company’s loan portfolio is comprised of loans collateralized by real estate located in the state of Connecticut.

SUMMARY_OF_SIGNIFICANT_ACCOUNT

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Jun. 30, 2014
Accounting Policies [Abstract]	'
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	'
	2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

	The accounting and reporting policies of the Company and its subsidiary conform to accounting principles generally accepted in the United States of America and predominant practices within the banking industry. The consolidated financial statements of the Company were prepared using the accrual basis of accounting. The significant accounting policies of the Company are summarized below to assist the reader in better understanding the consolidated financial statements and other data contained herein.

	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 consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change in the near term are the allowance for loan losses, other-than-temporary impairment of securities, the valuation of goodwill and the realizability of deferred tax assets.

	Basis of Presentation

	The consolidated financial statements include the accounts of the Company and its wholly-owned subsidiary, the Bank, and the Bank’s wholly-owned subsidiaries, Windham North Properties, LLC, PSB Realty, LLC, and Putnam Bank Mortgage Servicing Company. Windham North Properties, LLC is used to acquire title to selected properties on which Putnam Bank forecloses. PSB Realty, LLC owns a parcel of real estate located immediately adjacent to Putnam Bank’s main office. This real estate is utilized as a loan center for Putnam Bank and there are no outside tenants that occupy the premises. PSB Realty, LLC also owns the 40 High Street, Norwich branch building and real estate. Putnam Bank Mortgage Servicing Company is a qualified “passive investment company” that is intended to reduce Connecticut state taxes on interest earned on real estate loans. All significant intercompany accounts and transactions have been eliminated in the consolidation.

	Reclassifications

	Reclassifications are made to prior year financial statements when necessary to conform to the current year presentation.

	Cash and Cash Equivalents

	For the purposes of reporting cash flows, cash and cash equivalents include cash, amounts due from depository institutions and interest-bearing deposits with other banks.

	Cash and due from banks as of June 30, 2014 and 2013 includes $425,000 which is subject to withdrawal and usage restrictions to satisfy the reserve requirements and target balances at Bankers Bank Northeast.

	Cash is maintained in bank accounts which, at times, may exceed insured limits. The Company has not experienced any issues in such accounts and does not believe it is exposed to any significant credit risk on cash.

	Securities

	Investments in debt securities are adjusted for amortization of premiums and accretion of discounts computed so as to approximate the interest method. Gains or losses on sales of investment securities are computed on a specific identification basis. All security transactions are recorded on the trade date.

	The Company classifies debt and equity securities into one of three categories: held-to-maturity, available-for-sale, or trading. These security classifications may be modified after acquisition only under certain specified conditions. In general, securities may be classified as held-to-maturity only if the Company has the positive intent and ability to hold them to maturity. Trading securities are defined as those bought and held principally for the purpose of selling them in the near term. All other securities are classified as available-for-sale.

	Held-to-maturity securities are measured at amortized cost on the consolidated balance sheets. Unrealized holding gains and losses are not included in earnings or in other comprehensive income/loss, but are disclosed in the notes to the consolidated financial statements.

	Available-for-sale securities are carried at fair value on the consolidated balance sheets. Unrealized holding gains and losses are not included in earnings but are included in other comprehensive income/loss, net of applicable taxes.

	Trading securities are carried at fair value on the consolidated balance sheets. Unrealized holding gains and losses for trading securities are included in earnings. The Company held no securities classified as trading at June 30, 2014 and 2013.

	Each reporting period, the Company evaluates all securities classified as available-for-sale or held-to-maturity, with a decline in fair value below the amortized cost of the investment to determine whether or not the impairment is deemed to be other-than-temporary (“OTTI”).

	OTTI is required to be recognized if (1) the Company intends to sell the security; (2) it is “more likely than not” that the Company will be required to sell the security before recovery of its amortized cost basis; or (3) for debt securities, the present value of expected cash flows is not sufficient to recover the entire amortized cost basis. Marketable equity securities are evaluated for OTTI based on the severity and duration of the impairment and, if deemed to be other than temporary, the declines in fair value are reflected in earnings as realized losses. For impaired debt securities that the Company intends to sell, or more likely than not will be required to sell, the full amount of the depreciation is recognized as OTTI through earnings. For all other impaired debt securities, credit-related OTTI is recognized through earnings and non-credit related OTTI is recognized in other comprehensive income/loss, net of applicable taxes.

	Federal Home Loan Bank of Boston Stock

	The Bank, as a member of the Federal Home Loan Bank (“FHLB”) system, is required to maintain an investment in capital stock of the FHLB of Boston. Based on redemption provisions, the stock has no quoted market value and is carried at cost. At its discretion, the FHLB of Boston may declare dividends on the stock. The Bank reviews for impairment based on the ultimate recoverability of the cost basis in the stock. As of June 30, 2014, no impairment has been recognized.

	Loans Held-For-Sale

	Loans originated and intended for sale in the secondary market are carried at the lower of cost or estimated fair value in the aggregate. Net unrealized losses, if any, are provided for in a valuation allowance by charges to income.

	Interest income on loans held-for-sale is accrued currently and classified as interest on loans.

	Loans

	The Company’s loan portfolio includes residential real estate, commercial real estate, residential construction, commercial and consumer/other segments. Loans that management has the intent and ability to hold for the foreseeable future or until maturity or pay-off generally are reported at their outstanding unpaid principal balances adjusted for charge-offs, the allowance for loan losses, and any deferred fees or costs on originated loans. Interest income is accrued on the unpaid principal balance. Loan origination fees, net of certain direct origination costs, are deferred and recognized as an adjustment of the related loan yield using the interest method.

	The accrual of interest on all loans is discontinued at the time a loan is 90 days past due unless the credit is well-secured and in process of collection. Past due status is based on contractual terms of the loan. In all cases, loans are placed on non-accrual if collection of principal or interest is considered doubtful. All interest accrued but not collected for loans that are placed on non-accrual is reversed against interest income. The interest on these loans is accounted for on the cash-basis or cost-recovery method, until qualifying for return to accrual. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured.

	Allowance for Loan Losses

	The allowance for loan losses is established as losses are estimated to have occurred through a provision for loan losses charged to earnings. Loan losses are charged against the allowance when management believes the uncollectability of a loan balance is confirmed.

	The allowance for loan losses is evaluated on a quarterly basis by management. This evaluation is inherently subjective as it requires estimates that are susceptible to significant revision as more information becomes available. The allowance consists of general, specific and unallocated components, as further described below.

	General component

The general component of the allowance for loan losses is based on historical loss experience adjusted for qualitative factors stratified by the following loan segments: residential real estate, commercial real estate, residential construction, commercial and consumer/other. Management uses a rolling average of historical losses based on a time frame appropriate to capture relevant loss data for each loan segment. This historical loss factor is adjusted for the following qualitative factors: levels/trends in delinquencies; loan concentrations; trends in volume and terms of loans; changes in lending practices and procedures; changes in lending management and staff; changes in the value of underlying collateral; changes in the quality of the loan review system; national and local economic trends and conditions and the effects of other external factors. There were no changes in the Company’s policies or methodology pertaining to the general component of the allowance for loan losses during 2014.

The qualitative factors are determined based on the various risk characteristics of each loan segment. Risk characteristics relevant to each portfolio segment are as follows:

Residential real estate - The Company does not originate loans with a loan-to-value ratio greater than 100% and does not originate subprime loans. Loans originated with a loan-to-value ratio greater than 80% generally require private mortgage insurance. All loans in this segment are collateralized by owner-occupied residential real estate and repayment is dependent on the credit quality of the individual borrower. The overall health of the economy, including unemployment rates and housing prices, will have an effect on the credit quality in this segment.

Commercial real estate - Loans in this segment are primarily income-producing properties throughout New England. The underlying cash flows generated by the properties are adversely impacted by a downturn in the economy as evidenced by increased vacancy rates, which in turn, will have an effect on the credit quality in this segment. Management obtains rent rolls annually and continually monitors the cash flows of these loans.

Residential construction – Loans in this segment primarily include speculative real estate development loans for which payment is derived from sale of the property. Credit risk is affected by cost overruns, time to sell at an adequate price, and market conditions.

Commercial – Loans in this segment are made to businesses and are generally secured by assets of the business. Repayment is expected from the cash flows of the business. A weakened economy, and resultant decreased consumer spending, will have an effect on the credit quality in this segment.

Consumer/other - Loans in this segment are generally secured and repayment is dependent on the credit quality of the individual borrower.

Specific component

The specific component relates to loans that are classified as impaired. Impairment is measured on a loan-by-loan basis by either the present value of expected future cash flows discounted at the loan’s effective interest rate or the fair value of the collateral if the loan is collateral dependent or foreclosure is probable. An allowance is established when the discounted cash flows (or collateral value) of the impaired loan is lower than the carrying value of that loan. Large groups of smaller balance homogeneous loans are collectively evaluated for impairment. Accordingly, the Company does not separately identify individual consumer/other and residential real estate loans for impairment disclosures, unless such loans are subject to a troubled debt restructuring (“TDR”) agreement.

A loan is considered impaired when, based on current information and events, it is probable that the Company will be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the loan agreement. Factors considered by management in determining impairment include payment status, collateral value, and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and payment shortfalls generally are not classified as impaired. Management determines the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower’s prior payment record, and the amount of the shortfall in relation to the principal and interest owed.

The Company periodically may agree to modify the contractual terms of loans. When a loan is modified and a concession is made to a borrower experiencing financial difficulty, the modification is considered a troubled debt restructuring. All TDRs are initially classified as impaired.

Unallocated component

An unallocated component is maintained to cover uncertainties that could affect management’s estimate of probable losses. The unallocated component of the allowance reflects the margin of imprecision inherent in the underlying assumptions used in the methodologies for estimating specific and general reserves in the portfolio.

Loan Servicing

The Bank originates and sells mortgage loans in the secondary market and may retain the servicing of these loans. Mortgage servicing assets are recognized as separate assets when rights are acquired through the purchase of rights or sale of these loans. Capitalized servicing rights are reported at fair value in other assets on the consolidated balance sheets, with changes in fair value reported in other non-interest income on the consolidated statements of net income. Fair value is determined using prices for similar assets with similar characteristics when available, or based upon discounted cash flows using market-based assumptions.

Premises and Equipment

Premises and equipment are stated at cost, less accumulated depreciation and amortization. Cost and related allowances for depreciation and amortization of premises and equipment retired or otherwise disposed of are removed from the respective accounts with any gain or loss included in earnings. Depreciation and amortization are calculated principally on the straight-line method over the estimated useful lives of the assets or term of lease if shorter. Estimated lives are 5 to 40 years for buildings and premises, 3 to 20 years for furniture, fixtures and equipment and lease terms range from 1 to 25 years. Expenditures for replacements or major improvements are capitalized; expenditures for normal maintenance and repairs are charged to expense as incurred.

Other Real Estate Owned

Other real estate owned includes properties acquired through foreclosure and properties classified as in-substance foreclosures. These properties are carried at the lower of cost or estimated fair value less estimated costs to sell. Any write-down from cost to estimated fair value required at the time of foreclosure or classification as in-substance foreclosure is charged to the allowance for loan losses. Expenses incurred in connection with maintaining these assets, subsequent write-downs and gains or losses recognized upon sale are charged to earnings.

Goodwill

Goodwill is measured as the excess of the cost of a business acquisition over the sum of the amounts assigned to identifiable tangible and intangible assets acquired less liabilities assumed. Goodwill is not amortized but is reviewed for impairment annually or more frequently if circumstances warrant. In 2014 and 2013, the Company used the following two-step approach for reviewing goodwill for impairment:

The first step (“Step 1”) is used to identify potential impairment, and involves comparing the reporting unit’s (the consolidated Company) estimated fair value to its carrying amount, including goodwill. If the estimated fair value of the reporting unit exceeds its carrying amount, goodwill is not deemed to be impaired. Should the carrying amount of the reporting unit exceed its estimated fair value, an indicator of impairment is deemed to exist and a second step is performed to measure the amount of such impairment, if any. The second step (“Step 2”) involves calculating the implied fair value of goodwill. The implied fair value of goodwill is determined in a manner similar to how the amount of goodwill is determined in a business combination (i.e. by measuring the excess of the estimated fair value, as determined in Step 1, over the aggregate estimated fair values of the individual assets, liabilities, and identifiable intangibles as of the impairment testing date). If the implied fair value of goodwill exceeds the carrying amount of goodwill assigned to the reporting unit, no impairment exists. If the carrying amount of goodwill exceeds the implied fair value of the goodwill, an impairment loss is recorded in an amount equal to such excess. An impairment loss cannot exceed the carrying amount of goodwill, and the loss (write-down) establishes a new carrying amount for the goodwill. Subsequent reversal of goodwill impairment losses is not permitted. Application of the goodwill impairment test requires significant judgments including estimation of future cash flows, which are dependent on internal forecasts, estimation of the long-term rate of growth, the period over which cash flows will occur, and determination of our cost of capital. Changes in these estimates and assumptions could materially affect the determination of fair value and/or conclusions related to goodwill impairment. For the years ended June 30, 2014 and 2013, the Company had no goodwill impairment.

Bank-owned Life Insurance

Bank-owned life insurance policies are reflected on the consolidated balance sheets at cash surrender value. Changes in the net cash surrender value of the policies, as well as insurance proceeds received, are reflected in non-interest income on the consolidated statements of net income and are not subject to income taxes.

Fair Value of Financial Instruments

The Company uses fair value measurements to record fair value adjustments to certain assets and to determine fair value disclosures. Fair value methods and assumptions used by the Company in estimating its fair value disclosures are as follows:

Cash and Cash Equivalents: The carrying amounts of cash and cash equivalents approximate fair values based on the short-term nature of the assets.

Investment Securities and FHLB Stock: Fair value measurements on investment securities are generally obtained from a third party pricing source. The fair value of securities held-to-maturity and available-for-sale is estimated based on quoted market prices, where available. If quoted market prices are not available, fair values are based on quoted market prices of comparable instruments, pricing models, discounted cash flow methodologies or other similar techniques as appropriate. Ownership of FHLB of Boston stock is restricted to member banks; therefore, the stock is not traded. The estimated fair value of FHLB of Boston stock is equal to its carrying value, which represents the price at which the FHLB of Boston is obligated to redeem its stock.

Loans, net: For valuation purposes, the loan portfolio was segregated into its significant categories, which are residential real estate, commercial real estate, residential construction, commercial and consumer/other loans. These categories were further segregated, where appropriate, into components based on significant financial characteristics such as type of interest rate (fixed or adjustable). Fair values were estimated for each component using assumptions developed by management and a valuation model provided by a third party specialist.

The fair values of residential real estate, commercial real estate, residential construction, commercial and consumer/other loans were estimated by discounting the anticipated cash flows from the respective portfolios. Estimates of the timing and amount of these cash flows considered factors such as future loan prepayments. The discount rates reflected current market rates for loans with similar terms to borrowers of similar credit quality. The fair value of home equity lines of credit was based on the outstanding loan balances. Fair values for non-performing loans are estimated using discounted cash flow analyses or underlying collateral values, where applicable.

Loans held for sale: Loans held for sale are accounted for at the lower of cost or market and the fair value of loans held for sale are based on quoted market prices of similar loans sold in conjunction with securitization transactions, adjusted as required for changes in loan characteristics.

Accrued interest: The carrying amounts of accrued interest approximate fair value.

Deposits and Mortgagors’ Escrow: The fair value of deposits with no stated maturity such as demand deposits, NOW, regular savings, and money market deposit accounts, and mortgagors’ escrow accounts, is equal to the amount payable on demand. The fair value estimates do not include the benefit that results from the generally lower cost of funding provided by the deposit liabilities compared to the cost of borrowing funds in the market. The fair value estimate of time deposits is based on the discounted value of contractual cash flows. The discount rate is estimated using market rates currently offered for deposits having similar remaining maturities.

Federal Home Loan Bank Advances: The fair values of the Company’s Federal Home Loan Bank advances are estimated using discounted cash flow analyses based on the current incremental borrowing rates in the market for similar types of borrowing arrangements.

Securities Sold Under Agreements to Repurchase: The Company enters into overnight repurchase agreements with its customers. Since these agreements are short-term instruments, the fair value of these agreements approximates their recorded balance. The fair value of these agreements are determined by discounting the anticipated future cash payments using rates currently available to the Company for debt with similar terms and remaining maturities.

Off-Balance Sheet Instruments: The fair value of off-balance-sheet mortgage lending commitments are based on fees currently charged to enter into similar agreements, taking into account the remaining terms of the agreements and the counterparties’ credit standing. In the case of the commitments discussed in Note 12, the fair value equals the carrying amounts which are not significant.

Earnings per Share (EPS)

Basic earnings per share represents income available to common stockholders divided by the weighted-average number of common shares outstanding during the period. If rights to dividends on unvested options/awards are non-forfeitable, these unvested awards/options are considered outstanding in the computation of basic earnings per share. Diluted earnings per share reflects additional common shares that would have been outstanding if dilutive potential common shares had been issued, as well as any adjustment to income that would result from the assumed issuance. Potential common shares that may be issued by the Company relate to outstanding stock options and are determined using the treasury stock method.

Treasury shares and unallocated ESOP shares are not deemed outstanding for earnings per share calculations.

The calculation of basic and diluted earnings per share for the years ended June 30, 2014 and 2013 is presented below:

		Years Ended June 30,
		2014		2013

Net income		$	1,003,000	$	1,337,000

Weighted average common shares applicable to basic EPS			6,402,597		6,384,712
Effect of dilutive potential common shares			-		-


Weighted average common shares applicable to diluted EPS			6,402,597		6,384,712
Earnings per share:
Basic		$	0.16	$	0.21
Diluted		$	0.16	$	0.21

At June 30, 2014 and 2013, options for 199,106 and 222,921 shares, respectively, were not included in the computation of earnings per share as the effects were anti-dilutive.

Transfers of Financial Assets

Transfers of an entire financial asset, a group of entire financial assets, or a participating interest in an entire financial asset are accounted for as sales when control over the assets has been surrendered. Control over transferred assets is deemed to be surrendered when (1) the assets have been isolated from the Company, (2) the transferee obtains the right to pledge or exchange the transferred assets, and (3) the Company does not maintain effective control over the transferred assets.

Advertising

The Company directly expenses costs associated with advertising as they are incurred.

Income Taxes

Deferred income tax assets and liabilities are determined using the liability (or balance sheet) method. Under this method, the net deferred tax asset or liability is determined based on the tax effects of the temporary differences between the book and tax basis of the various balance sheet assets and liabilities and gives current recognition to changes in tax rates and laws. A valuation allowance is established against deferred tax assets when, based upon the available evidence including historical and projected taxable income, it is more likely than not that some or all of the deferred tax assets will not be realized.

Income tax benefits related to stock compensation in excess of grant date fair value less any proceeds on exercise are recognized as an increase to additional paid-in capital upon vesting or exercising and delivery of the stock. Any income tax effects related to stock compensation that are less than grant date fair value less any proceeds on exercise would be recognized as a reduction of additional paid-in capital to the extent of previously recognized income tax benefits and then through income tax expense for the remaining amount.

Employee Benefit Plans

The Company established an Employee Stock Ownership Plan (the “ESOP”) as part of its minority stock issuance on October 4, 2004. Unearned ESOP shares are not considered outstanding and are therefore not taken into account when computing earnings per share. Unearned ESOP shares are presented as a reduction to stockholders’ equity and represent shares to be allocated to ESOP participants in future periods for services provided to the Company. As shares are committed to be released, compensation expense is recognized for the fair market value of the stock and stockholders’ equity is increased by a corresponding amount. The loan to the ESOP will be repaid principally from the Bank’s contributions to the ESOP and dividends payable on common stock held by ESOP over a period of 20 years.

As more fully described in Note 14, the Company has a stock-based incentive plan authorizing various types of incentive awards that may be granted to directors, officers and employees. The Company records share-based compensation expense related to outstanding stock option and restricted stock awards based upon the fair value at the date of grant over the vesting period of such awards on a straight-line basis.

Recent Accounting and Regulatory Pronouncements

Capital. In July 2013, federal banking regulators approved an interim rule to set minimum requirements for both the quantity and quality of capital held by banks. The interim final rule includes a new minimum ratio of common equity Tier 1 capital to risk weighted assets of 4.5%, raises the minimum ratio of Tier 1 capital to risk-weighted assets from 4% to 6% and includes a minimum leverage ratio of 4% for all banking organizations. Additionally, banks must maintain a capital conservation buffer of common equity Tier 1 capital in an amount greater than 2.5% of total risk-weighted assets to avoid being subject to limitations on capital distributions and discretionary bonus payments to executive officers. The Company must begin complying with the final rule on January 1, 2015. The Company is currently evaluating the final interim rule but believes that it will continue to exceed all the minimum capital ratio requirements.

Transfers and Servicing. In June 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2014-11, Transfers and Servicing (Topic 860) – Repurchase-to-Maturity Transactions, Repurchase Financings, and Disclosures. The ASU requires disclosure of information on transfers accounted for as sales in transactions that are economically similar to repurchase agreements, as well as increased transparency about the types of collateral pledged in repurchase agreements and similar transactions accounted for as secured borrowings. The provisions in this ASU are effective for annual periods, and interim periods within those annual periods, beginning after December 15, 2014. The ASU is not expected to have a material impact on the Company’s Consolidated Financial Statements.

Compensation – Stock Compensation. In June 2014, FASB issued ASU No. 2014-12, Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period. The ASU requires a performance target that affects vesting and that could be achieved after the requisite service period to be treated as a performance condition. The amendments in this ASU provide explicit guidance for those awards. The provisions in this ASU are

effective for annual periods, and interim periods within those annual periods, beginning after December 15, 2015. The ASU is not expected to have a material impact on the Company’s Consolidated Financial Statements.

Receivables – Troubled Debt Restructurings by Creditors. In January 2014, FASB issued ASU No. 2014-04, Receivables - Troubled Debt Restructurings by Creditors (Subtopic 310-40) – Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans upon Foreclosure which clarifies when an in substance repossession or foreclosure occurs, that is, when a creditor should be considered to have received physical possession of residential property collateralizing a consumer mortgage loan such that the loan receivable should be derecognized and the real property recognized. The provisions in this ASU are effective for annual periods, and interim periods within those annual periods, beginning after December 15, 2014. The ASU is not expected to have a material impact on the Company’s Consolidated Financial Statements.

INVESTMENT_SECURITIES

INVESTMENT SECURITIES	12 Months Ended
INVESTMENT SECURITIES	Jun. 30, 2014
Investments, Debt and Equity Securities [Abstract]	'
INVESTMENT SECURITIES	'
	3. INVESTMENT SECURITIES

	Debt and equity securities have been classified on the consolidated balance sheets according to management’s intent. The amortized cost of securities and their fair values, by maturity, are as follows as of the dates indicated:
			Amortized			Gross Unrealized							Fair
			Cost Basis			Gain			(Loss)				Value
			(In thousands)
	June 30, 2014:


	Available-for-sale:
	Debt securities:
	U.S. government and government-sponsored securities:
	Due from five through ten years		$	1,000		$	-		$	(24	)		$	976


	Corporate bonds and other securities:
	Due after ten years			5,999			-			(836	)			5,163



	U.S. Government-sponsored and guaranteed mortgage-backed securities:
	Due from one through five years			684			37			-				721
	From five through ten years			11,593			189			-				11,782
	After ten years			12,426			377			(44	)			12,759
				24,703			603			(44	)			25,262
	Non-agency mortgage-backed securities:
	Due after ten years			6,741			321			(382	)			6,680
	Total debt securities			38,443			924			(1,286	)			38,081


	Equity securities:
	Auction rate preferred - due after 10 years			10,000			-			-				10,000


	Total available-for-sale securities		$	48,443		$	924		$	(1,286	)		$	48,081


			Amortized			Gross Unrealized							Fair
			Cost Basis			Gain			(Loss)				Value
			(In thousands)
	June 30, 2013:


	Available-for-sale:
	Debt securities:
	U.S. government and government-sponsored securities:
	Due from five through ten years		$	1,000		$	-		$	(39	)		$	961


	Corporate bonds and other securities:
	Due after ten years			5,999			-			(1,126	)			4,873


	U.S. Government-sponsored and guaranteed mortgage-backed securities:
	Due in one year or less			21			1			-				22
	From one through five years			1,217			71			-				1,288
	From five through ten years			143			-			-				143
	After ten years			13,108			593			(89	)			13,612
				14,489			665			(89	)			15,065
	Non-agency mortgage-backed securities:
	Due after ten years			7,757			269			(475	)			7,551
	Total debt securities			29,245			934			(1,729	)			28,450


Equity securities:
Auction rate preferred - due after 10 years			10,000			-			-				10,000


Total available-for-sale securities		$	39,245		$	934		$	(1,729	)		$	38,450

June 30, 2014:


Held-to-maturity:
U.S. Government and government-sponsored securities:
Due in one through five years		$	5,262		$	4		$	(28	)		$	5,238
From five through ten years			4,929			122			-				5,051
			10,191			126			(28	)			10,289


U.S. Government-sponsored and guaranteed mortgage-backed securities:
Due in five through ten years			4,445			190			-				4,635
After ten years			127,540			1,831			(1,038	)			128,333
			131,985			2,021			(1,038	)			132,968

Total held-to-maturity securities		$	142,176		$	2,147		$	(1,066	)		$	143,257


		Amortized			Gross Unrealized							Fair
		Cost Basis			Gain			(Loss)				Value
		(In thousands)
June 30, 2013:


Held-to-maturity:
U.S. Government and government-sponsored securities:
Due in one through five years		$	5,259		$	3		$	(76	)		$	5,186
From five through ten years			939			96			-				1,035
			6,198			99			(76	)			6,221

U.S. Government-sponsored and guaranteed mortgage-backed securities:
Due in five through ten years			4,652			133			-				4,785
After ten years			124,139			2,004			(1,731	)			124,412
			128,791			2,137			(1,731	)			129,197

Total held-to-maturity securities		$	134,989		$	2,236		$	(1,807	)		$	135,418

There were no sales of securities available-for-sale during the year ended June 30, 2014. Proceeds from sales of securities available-for-sale during the year ended June 30, 2013 amounted to $3,680,000, with gross realized gains and gross realized losses on those sales and calls amounting to $206,000 and $0, respectively.

As of June 30, 2014 and 2013, the total carrying value of securities pledged as collateral to secure public deposits, the Federal Reserve Bank discount window, borrowings, and repurchase agreements was $116,525,000 and $100,136,000, respectively.


The aggregate fair value and unrealized losses of securities that have been in a continuous unrealized loss position for less than twelve months and for twelve months or more are as follows as of the dates indicated:


		Less than 12 Months						12 Months or More							Total
		Fair			Unrealized			Fair				Unrealized			Fair		Unrealized
		Value			Loss			Value				Loss			Value		Loss
		(In thousands)
June 30, 2014:


Available-for-sale:
Corporate bonds and other securities		$	-		$	-		$	5,163			$	836		$	5,163	$	836
U.S. Government and government-sponsored securities			-			-			976				24			976		24
U.S. Government-sponsored and guaranteed mortgage-backed securities			2,370			1			3,931				43			6,301		44
Total temporarily impaired available-for-sale securities			2,370			1			10,070				903			12,440		904


Held-to-maturity:
U.S. Government and government-sponsored securities			1,004			1			3,229				27			4,233		28
U.S. Government-sponsored and guaranteed mortgage-backed securities			31,059			103			46,612				935			77,671		1,038
Total temporarily impaired held-to-maturity			32,063			104			49,841				962			81,904		1,066


Other-than-temporarily impaired debt securities: (1)
Non-agency mortgage-backed securities			-			-			3,301				382			3,301		382
Total temporarily impaired and other-than-temporarily impaired securities		$	34,433		$	105		$	63,212			$	2,247		$	97,645	$	2,352


June 30, 2013:


Available-for-sale:
Corporate bonds and other securities		$	-		$	-		$	4,873			$	1,126		$	4,873	$	1,126
U.S. Government and government-sponsored securities			961			39			-				-			961		39
U.S. Government-sponsored and guaranteed mortgage-backed securities			3,004			77			1,449				12			4,453		89
Total temporarily impaired available-for-sale securities			3,965			116			6,322				1,138			10,287		1,254


Held-to-maturity:
U.S. Government and government-sponsored securities			3,183			76			-				-			3,183		76
U.S. Government-sponsored and guaranteed mortgage-backed securities			68,663			1,731			-				-			68,663		1,731
Total temporarily impaired held-to-maturity			71,846			1,807			-				-			71,846		1,807


Other-than-temporarily impaired debt securities: (1)
Non-agency mortgage-backed securities			2,525			190			1,958				285			4,483		475
Total temporarily impaired and other-than-temporarily impaired securities		$	78,336		$	2,113		$	8,280			$	1,423		$	86,616	$	3,536

	-1	Includes other-than-temporary impaired available-for-sale debt securities in which a portion of the other-than-temporary impairment loss remains in accumulated other comprehensive loss.


At June 30, 2014, 46 U.S. government-sponsored and guaranteed securities have unrealized losses with aggregate depreciation of 1.3% from the Company’s amortized cost basis. The unrealized losses were primarily caused by interest rate fluctuations. These investments are guaranteed or sponsored by the U.S. government or an agency thereof. Accordingly, it is expected that the securities would not be settled at a price less than the par value of the investment. Because the decline in market value is attributable to changes in interest rates and not to credit quality, and because the Company does not intend to sell the investments and it is not more likely than not that the Company will be required to sell the investments before recovery of their amortized cost bases, which may be maturity, the Company does not consider these investments to be other-than-temporarily impaired at June 30, 2014.

At June 30, 2014, 5 corporate bonds and other securities have unrealized losses with aggregate depreciation of 13.9% from the Company’s amortized cost basis. These unrealized losses relate to investments in single issuer trust preferred securities (“TRUPS”) companies within the financial services sector. Single issuer TRUPs are not considered covered funds under the Volker rule. The single-issuer trust preferred investments are evaluated for other-than-temporary impairment by performing a present value of cash flows each quarter. None of the issuers have deferred interest payments or announced the intention to defer interest payments. The Company believes the decline in fair value is related to the spread over three-month LIBOR, on which the quarterly interest payments are based, as the spread over LIBOR being received is significantly lower than current market spreads. Management concluded the impairment of these investments was considered temporary and asserts that the Company does not have the intent to sell these investments and that it is more likely than not it will not have to sell the investments before recovery of their cost bases which may be at maturity.

Because the Company does not intend to sell the investments and it is not more likely than not that the Company will be required to sell the investments before recovery of their amortized cost bases, which may be maturity, the Company does not consider these investments to be other-than-temporarily impaired at June 30, 2014.

For the year ended June 30, 2014, securities with other-than-temporary impairment losses related to credit loss that were recognized in earnings consisted of non-agency mortgage-backed securities. For these debt securities, the Company estimated the portion of loss attributable to credit loss using a discounted cash flow model. Significant inputs included the estimated cash flows of the underlying loans based on key assumptions, such as default rate, loss severity and prepayment rate. Assumptions can vary widely from security to security, and are influenced by such factors as loan interest rate, geographical location of the borrower, borrower characteristics and collateral type. The present value of the expected cash flows was compared to the Company’s amortized cost basis to determine the credit-related impairment loss. Based on the expected cash flows derived from the model, the Company expects to recover the remaining unrealized losses on these securities.


For those debt securities for which the fair value of the security is less than its amortized cost and the Company does not intend to sell such security and it is more likely than not that it will not be required to sell such security prior to the recovery of its amortized cost basis less any credit losses, the credit component of the other-than-temporary impairment losses is recognized in earnings while the non-credit component is recognized in other comprehensive income/loss, net of related taxes.

The following table summarizes other-than-temporary impairment losses on securities for the years ended:

		Non-Agency Mortgage-
		Backed
		Securities
		(In thousands)
June 30, 2014:
Total other-than-temporary impairment losses		$	231
Less: unrealized other-than-temporary losses recognized in accumulated other comprehensive loss (1)			221


Net impairment losses recognized in earnings (2)		$	10


June 30, 2013:
Total other-than-temporary impairment losses		$	780
Less: unrealized other-than-temporary losses recognized in accumulated other comprehensive loss (1)			318


Net impairment losses recognized in earnings (2)		$	462

	(1) Represents the non-credit component of the other-than-temporary impairment.

	(2) Represents the credit component of the other-than-temporary impairment.

Activity related to the credit component recognized in earnings on debt securities held by the Company for which a portion of other-than-temporary impairment was recognized in accumulated other comprehensive loss for the year end June 30, 2014 and 2013 is as follows:


Balance as of June 30, 2012		$	15,271


Credit losses on securities for which other-than-temporary impairment was not previously recorded			-
Additional credit losses on securities for which an other-than-temporary impairment charge was previously recorded			462
Reductions for securities sold during the period			-


Balance as of June 30, 2013			15,733

Credit losses on securities for which other-than-temporary impairment was not previously recorded			-
Additional credit losses on securities for which an other-than-temporary impairment charge was previously recorded			10
Reductions for securities sold during the period			-


Balance as of June 30, 2014		$	15,743

Significant assumptions used in the valuation of non-agency mortgage-backed securities were as follows as of June 30, 2014:

		Weighted			Range
		Average			Minimum			Maximum

Prepayment rates			14.6	%		6.9	%		30.6	%
Default rates			17.7	%		4.1	%		25.5	%
Loss severity			22.7	%		10	%		28.1	%

LOANS

LOANS	12 Months Ended
LOANS	Jun. 30, 2014
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]	'
LOANS	'
	4. LOANS

	Loans consisted of the following as of June 30:

			2014				2013
			(In thousands)
	Real estate:
	Residential (1)		$	184,380			$	187,116
	Commercial			43,887				43,423
	Residential construction			2,661				2,775
	Commercial			1,904				1,980
	Consumer and other			627				707

	Total loans			233,459				236,001

	Unadvanced construction loans			(1,658	)			(1,745	)
				231,801				234,256

	Net deferred loan costs			705				608
	Allowance for loan losses			(2,380	)			(2,693	)

	Loans, net		$	230,126			$	232,171

		-1	Residential real estate loans include one-to four-family mortgage loans, second mortgage loans, and home equity lines of credit.


	The following table set forth information regarding the allowance for loan losses and loans by portfolio segment at and for the years ended June 30, 2014 and 2013:



			Residential				Commercial				Residential								Consumer
			Real Estate				Real Estate				Construction				Commercial				and Other				Unallocated			Total
			(In thousands)
	Year Ended June 30, 2014


	Allowance for loan losses:
	Beginning balance		$	1,201			$	1,315			$	22			$	17			$	36			$	102		$	2,693
	Charge-offs			(200	)			(199	)			-				-				(52	)			-			(451	)
	Recoveries			37				-				5				14				27				-			83
	Provision (credit)			241				(209	)			(14	)			(19	)			13				43			55


	Ending balance		$	1,279			$	907			$	13			$	12			$	24			$	145		$	2,380


	At June 30, 2014


	Ending balance: Amount of allowance for loan losses for impaired loans		$	104			$	104			$	-			$	-			$	-			$	-		$	208
	Ending balance: Amount of allowance for loan losses for non-impaired loans		$	1,175			$	803			$	13			$	12			$	24			$	145		$	2,172


	Loans: Ending balance		$	184,380			$	43,315			$	1,575			$	1,904			$	627			$	-		$	231,801	-1


	Ending balance: Impaired loans		$	3,752			$	4,387			$	-			$	397			$	-			$	-		$	8,536


	Ending balance: Non-impaired loans		$	180,628			$	38,928			$	1,575			$	1,507			$	627			$	-		$	223,265

	(1) Does not include deferred fees or costs.

		Residential				Commercial				Residential								Consumer
		Real Estate				Real Estate				Construction				Commercial				and Other				Unallocated			Total
		(In thousands)
Year Ended June 30, 2013

Allowance for loan losses:
Beginning balance		$	1,485			$	1,347			$	20			$	17			$	37			$	7		$	2,913
Charge-offs			(307	)			(806	)			(9	)			-				(56	)			-			(1,178	)
Recoveries			77				84				5				4				18				-			188
Provision (credit)			(54	)			690				6				(4	)			37				95			770

Ending balance		$	1,201			$	1,315			$	22			$	17			$	36			$	102		$	2,693

At June 30, 2013

Ending balance: Amount of allowance for loan losses for impaired loans		$	156			$	2			$	-			$	-			$	-			$	-		$	158
Ending balance: Amount of allowance for loan losses for non-impaired loans		$	1,045			$	1,313			$	22			$	17			$	36			$	102		$	2,535

Loans: Ending balance		$	187,116			$	42,747			$	1,706			$	1,980			$	707			$	-		$	234,256	-1

Ending balance: Impaired loans		$	4,012			$	3,477			$	-			$	-			$	17			$	-		$	7,506

Ending balance: Non-impaired loans		$	183,104			$	39,270			$	1,706			$	1,980			$	690			$	-		$	226,750

(1) Does not include deferred fees or costs.

Credit Quality Information

The Company utilizes a nine grade internal loan rating risk system as follows:

Loans rated 1 – 5 are considered “pass” rated loans with low to average risk.

Loans rated 6 are considered “special mention.” These loans are starting to show signs of potential weakness and are being closely monitored by management.

Loans rated 7 are considered “substandard.” Generally, a loan is considered substandard if it is inadequately protected by the current net worth and paying capacity of the obligors and/or the collateral pledged. There is a distinct possibility that the Company will sustain some loss if the weakness is not corrected.

Loans rated 8 are considered “doubtful.” Loans classified as doubtful have all the weaknesses inherent in those classified substandard with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, highly questionable and improbable.

Loans rated 9 are considered uncollectible (“loss”) and of such little value that their continuance as loans is not warranted.

On an annual basis, or more often if needed, the Company formally reviews the ratings on all commercial real estate, residential construction, and commercial loans. Annually, the Company engages an independent third-party to review a significant portion of loans within these segments. Management uses the results of these reviews as part of its annual review process. Credit quality for residential real estate and consumer/other loans is determined by monitoring loan payment history and ongoing communications with customers.

The following tables present the Company’s loans by risk rating as of June 30, 2014 and 2013:

		Residential				Commercial				Residential								Consumer
		Real Estate				Real Estate				Construction				Commercial				and Other				Total
		(In thousands)
30-Jun-14

Grade:
Pass		$	180,080			$	33,034			$	1,575			$	1,459			$	627			$	216,775
Special Mention			175				2,065				-				-			-				2,240
Substandard			4,125				6,553				-				445				-				11,123
Doubtful			-				1,663				-				-				-				1,663
Loss			-				-				-				-				-				-


Total		$	184,380			$	43,315			$	1,575			$	1,904			$	627			$	231,801


		Residential				Commercial				Residential								Consumer
		Real Estate				Real Estate				Construction				Commercial				and Other				Total
		(In thousands)
30-Jun-13

Grade:
Pass		$	183,403			$	30,477			$	1,706			$	1,667			$	707			$	217,960
Special Mention			329				4,784				-				233				-				5,346
Substandard		2,968				5,598				-				80				-				8,646
Doubtful			416				1,888				-				-				-				2,304
Loss			-				-				-				-				-				-


Total		$	187,116			$	42,747			$	1,706			$	1,980			$	707			$	234,256

The following is a summary of past due and non-accrual loans at June 30, 2014 and 2013:

										90 days
		30–59 Days				60–89 Days				or Greater				Total				Total
		Past Due				Past Due				Past Due				Past Due				Non-accrual
		(In thousands)
2014

Real estate:
Residential		$	357			$	571			$	1,497			$	2,425			$	3,977
Commercial			-				383				2,208				2,591				3,051
Commercial			-				-				-				-				28
Consumer and other			6				-				-				6				-


Total		$	363			$	954			$	3,705			$	5,022			$	7,056



2013

Real estate:
Residential		$	447			$	195			$	1,844			$	2,486			$	2,865
Commercial			-				-				2,876				2,876				3,365
Commercial			9				-				-				9				-
Consumer and other			4				-				-				4				-


Total		$	460			$	195			$	4,720			$	5,375			$	6,230

At June 30, 2014, there were no loans greater than 90 days past due and still accruing interest. At June 30, 2013, one residential real estate loan in the amount of $112,000 was greater than 90 days past due and still accruing interest.

The following is information pertaining to impaired loans:


		At June 30, 2014												Year Ended June 30, 2014
																						Interest
						Unpaid								Average				Interest				Income
		Recorded				Principal				Related			Recorded				Income				Recognized
		Investment				Balance				Allowance				Investment				Recognized				on Cash Basis
		(In thousands)
Impaired loans without a valuation allowance:
Real estate:
Residential		$	2,101			$	2,229							$	1,909			$	25			$	6
Commercial			3,646				4,122								3,054				44				38
Commercial			397				397								85				-				-
Consumer and other			-				-								7				1				-

Total		$	6,144			$	6,748							$	5,055			$	70			$	44


Impaired loans with a valuation allowance:
Real estate:
Residential		$	1,651			$	1,711			$	104			$	1,682			$	34			$	9
Commercial			741				804				104				532				2				2

Total		$	2,392			$	2,515			$	208			$	2,214			$	36			$	11


Total impaired loans:
Real estate:
Residential		$	3,752			$	3,940			$	104			$	3,591			$	59			$	15
Commercial			4,387				4,926				104				3,586				46				40
Commercial			397				397				-				85				-				-
Consumer and other			-				-				-				7				1				-


Total		$	8,536			$	9,263			$	208			$	7,269			$	106			$	55

		At June 30, 2013												Year Ended June 30, 2013
																						Interest
						Unpaid								Average				Interest				Income
		Recorded				Principal				Related				Recorded				Income				Recognized
		Investment				Balance				Allowance				Investment				Recognized				on Cash Basis
		(In thousands)

Impaired loans without a valuation allowance:
Real estate:
Residential		$	1,497			$	1,630							$	1,736			$	50			$	33
Commercial			3,297				3,800							5,402				146				23
Residential construction			-				-								256				-				-
Consumer and other			17				17								22				1				-

Total		$	4,811			$	5,447							$	7,416			$	197			$	56


Impaired loans with a valuation allowance:
Real estate:
Residential		$	2,515			$	2,663			$	156			$	2,827			$	56			$	28
Commercial			180				180				2				173				-				-

Total		$	2,695			$	2,843			$	158			$	3,000			$	56			$	28


Total impaired loans:
Real estate:
Residential		$	4,012			$	4,293			$	156			$	4,563		$	106			$	61
Commercial			3,477				3,980				2				5,575				146				23
Residential construction			-				-				-				256				-				-
Consumer and other			17				17				-				22				1				-

Total		$	7,506			$	8,290			$	158			$	10,416			$	253			$	84


The following table represents modifications that were deemed to be troubled debt restructures during the years ended June 30, 2014 and 2013:

						Pre-Modification				Post-Modification
						Outstanding				Outstanding
		Number of				Recorded				Recorded
		Contracts				Investment				Investment
		(Dollars in thousands)
Year ended June 30, 2014:
Real estate:
Residential			1			$	38			$	39
Commercial			1				198				210


Year ended June 30, 2013:
Real estate:
Residential			1			$	207			$	207

For 2014, the residential loan was modified to capitalize the escrow and to extend the maturity date and change the amortization schedule. The commercial loan matured and additional funds were made available to complete the infrastructure with a new maturity date. For 2013, the residential loan was modified to reduce the stated interest rate. Management performs a discounted cash flow calculation to determine the amount of impaired reserve required on each of the troubled debt restructures. Any reserve is recorded through the provision for loan losses.

The following is a summary of troubled debt restructurings that have subsequently defaulted (30 or more days past due) within one year of modification during the years ended June 30, 2014 and 2013:

		Number of				Recorded
		Contracts				Investment
		(Dollars in thousands)
Year ended June 30, 2014:
Real estate:
Residential			1			$	201

Year ended June 30, 2013:
Real estate:
Residential			1			$	495

As of June 30, 2014 and 2013, the defaults were the result of the borrower’s delinquent loan payments. As of June 30, 2014, the residential loan was current. As of June 30, 2013, the residential loan was past due 90 days and on non-accrual.

At June 30, 2014, $119,000 in additional funds are committed to be advanced in connection with TDR’s.

Loans serviced for others are not included in the accompanying consolidated balance sheets. The unpaid principal balances of mortgage and other loans serviced for others were $32,447,000 and $30,748,000 at June 30, 2014 and 2013, respectively. A portion of these loans were sold with certain recourse provisions, and at June 30, 2014 and 2013 the related maximum contingent liability amounted to $0 and $855,000, respectively, which is not recorded in the consolidated financial statements. The balances of mortgage servicing rights related to loans serviced for others were not material to the consolidated financial statements at June 30, 2014 and 2013.

Certain directors and executive officers of the Company and companies in which they have significant ownership interest were customers of the Bank during the year ended June 30, 2014 and 2013. Total loans to such persons and their companies amounted to $0 as of June 30, 2014 and 2013. During the years ended June 30, 2014 and 2013, principal payments totaled $0 and $61,000, respectively, with no principal advances.

PREMISES_AND_EQUIPMENT

PREMISES AND EQUIPMENT	12 Months Ended
PREMISES AND EQUIPMENT	Jun. 30, 2014
Property, Plant and Equipment [Abstract]	'
PREMISES AND EQUIPMENT	'
	5. PREMISES AND EQUIPMENT

	The following is a summary of premises and equipment as of June 30:

		2014			2013
		(In thousands)

	Land	$	470		$	470
	Buildings and leasehold improvements		6,283			6,285
	Equipment		2,772			2,745
			9,525			9,500
	Accumulated depreciation and amortization		(5,488	)		(5,263	)

	Premises and equipment, net	$	4,037		$	4,237

	Depreciation and amortization expense on premises and equipment amounted to $334,000 and $358,000 for the years ended June 30, 2014 and 2013, respectively.

DEPOSITS

DEPOSITS	12 Months Ended
DEPOSITS	Jun. 30, 2014
Deposit Liabilities [Abstract]	'
DEPOSITS	'
	7. DEPOSITS

	The balances of deposit accounts at June 30, were as follows:
		2014		2013
		(In thousands)
	Demand deposits	$	53,021	$	44,231
	NOW accounts		86,636		92,823
	Regular savings		63,993		59,467
	Money market accounts		18,047		14,402
	Club accounts		260		247
			221,957		211,170

	Certificate accounts maturing in the years ending June 30:
	2014		-		67,146
	2015		59,532		23,044
	2016		21,101		18,184
	2017		21,030		14,752
	2018		8,329		6,989
	2019		15,307		-
			125,299		130,115

	Total deposits	$	347,256	$	341,285

	The aggregate amount of time deposits of $100,000 or more as of June 30, 2014 and 2013 was $61,244,000 and $61,818,000, respectively.

BORROWED_FUNDS

BORROWED FUNDS	12 Months Ended
BORROWED FUNDS	Jun. 30, 2014
Debt Disclosure [Abstract]	'
BORROWED FUNDS	'
	8. BORROWED FUNDS

	Borrowed funds consisted of the following at June 30:

		2014					2013
		Amount Due		Weighted Average Rate			Amount Due		Weighted Average Rate
		(Dollars in thousands)
	Short-term borrowings:
	Securities sold under agreements to repurchase	$	4,181		0.18	%	$	4,849		0.16	%

	Long-term FHLB of Boston (FHLB) advances
	Year of maturity:
	2014		-		-			2,500		2.86
	2015		1,000		3.35			1,000		3.35
	2016		10,000		3.17			10,000		3.17
	2017*		14,500		3.42			12,000		3.89
	2018*		28,000		2.34			28,000		2.34
	Total		53,500		2.81			53,500		2.89

	Total borrowed funds	$	57,681		2.6	%	$	58,349		2.66	%

	*Includes $18,000,000 of advances callable by the FHLB of Boston in 2015.

	As of June 30, 2014 and 2013, loans with a principal balance of $47,106,000 and $58,570,000, respectively, were specifically pledged to secure available borrowings from the FHLB.

	Additionally, the Bank has a line of credit with Federal Home Loan Bank of Boston in the amount of $2,354,000 and a liquidity line of credit with Bankers Bank Northeast in the amount of $4,000,000. No amounts were outstanding on these lines of credit at June 30, 2014 and 2013.

	Securities sold under agreements to repurchase as of June 30, 2014 and 2013 consist of securities sold on a short-term basis by the Bank that have been accounted for as borrowings. The securities consist of U.S. Government-sponsored and guaranteed mortgage-backed securities that are held in the Bank’s safekeeping account at State Street Bank and Trust under the control of the Bank and pledged to the purchasers of the securities.

INCOME_TAXES

INCOME TAXES	12 Months Ended
INCOME TAXES	Jun. 30, 2014
Income Tax Disclosure [Abstract]	'
INCOME TAXES	'
	9. INCOME TAXES

	The following are components of income tax expense (benefit) for the fiscal years ended June 30:

		2014			2013
		(In thousands)
	Current:
	Federal	$	57		$	(434	)
	State		1			1
	Total current		58			(433	)
	Deferred:
	Federal		94			738
	State		-			-
	Total deferred		94			738


	Income tax expense	$	152		$	305

	Deferred income taxes reflect the impact of “temporary differences” between the amount of assets and liabilities for financial reporting purposes and such amounts as measured by tax laws and regulations.

	The Bank established Putnam Bank Mortgage Servicing Company during the year ended June 30, 2007. The subsidiary qualifies and operates as a Connecticut passive investment company pursuant to legislation. Because the subsidiary earns sufficient income from passive investments and its dividends to the parent are exempt from Connecticut Corporation Business Tax, the subsidiary Bank no longer expects to incur Connecticut income tax expense or to recognize its Connecticut deferred tax asset. The Parent company is still subject to the Connecticut Corporation Business Tax.

	The reasons for the differences between the statutory federal income tax rate of 34% and the effective tax rates are summarized as follows for the years ended June 30:

		2014			2013
		(In thousands)

	Federal income tax at statutory rates	$	393		$	558
	Increase (decrease) in tax resulting from:
	State taxes, net of federal benefit		1			1
	Dividends received deduction		(111	)		(112	)
	Bank-owned life insurance		(99	)		(166	)
	Tax-exempt municipal income, net		(1	)		(2	)
	Other, net		(31	)		26

	Income tax expense	$	152		$	305

	Effective tax rates		13.2	%		18.6	%

	The Company had gross deferred tax assets and gross deferred tax liabilities as follows as of June 30:

		2014			2013
		(In thousands)
	Deferred tax assets:
	Allowance for loan losses	$	668		$	840
	Net unrealized holding loss on available-for-sale securities		125			272
	Deferred compensation		167			162
	Stock-based compensation		78			79
	Impairment losses on securities available-for-sale		859			859
	Accrued expenses		177			157
	Post retirement benefits		59			55
	Interest receivable on non-accrual loans		64			61
	Federal carryovers		1,818			1,594
	Other		98			56
	Gross deferred tax asset		4,113			4,135

	Deferred tax liabilities:
	Depreciation and amortization		(1,181	)		(1,025	)
	Deferred loan costs		(239	)		(207	)
	Other		(32	)		-
	Gross deferred tax liability		(1,452	)		(1,232	)

	Net deferred tax asset	$	2,661		$	2,903


At June 30, 2014, federal carryovers consist of Alternative Minimum Tax credit carryovers of $1,196,000 which have no expiration date, $1,738,000 of net operating loss carryovers which expire on June 30, 2032 and $92,000 of contribution carryovers which expire on June 30, 2018.

Retained earnings at June 30, 2014 includes a contingency reserve for loan losses of $2,284,000 which represents the tax reserve balance existing at December 31, 1987 and is maintained in accordance with provisions of the Internal Revenue Code applicable to thrift institutions. It is not anticipated that the Company will incur a federal income tax liability related to the reduction of this reserve and accordingly, deferred income taxes of approximately $777,000 have not been recognized as of June 30, 2014 and 2013.

It is the Company’s policy to provide for uncertain tax positions and the related interest and penalties based upon management’s assessment of whether a tax benefit is more likely than not to be sustained upon examination by tax authorities. As of June 30, 2014 and 2013, there were no material uncertain tax positions related to federal and state income tax matters. The Company is currently open to audit under statute of limitations by the Internal Revenue Service and state taxing authorities for the years ended June 30, 2011 through June 30, 2014. The Company records interest and penalties as part of income tax expense. No interest or penalties were recorded for the years ended June 30, 2014 and 2013.

OTHER_COMMITMENTS_AND_CONTINGE

OTHER COMMITMENTS AND CONTINGENT LIABILITIES	12 Months Ended
OTHER COMMITMENTS AND CONTINGENT LIABILITIES	Jun. 30, 2014
Commitments and Contingencies Disclosure [Abstract]	'
OTHER COMMITMENTS AND CONTINGENT LIABILITIES	'
	10. OTHER COMMITMENTS AND CONTINGENT LIABILITIES

	Lease Commitments

	As of June 30, 2014 the Company leases space for its Gales Ferry (land lease), Griswold and Putnam Price Chopper branch offices. The leases for the branch offices expire March 14, 2020, October 31, 2019 and August 31, 2016, respectively. All leases contain renewal options at the Company’s discretion. The Company also has miscellaneous equipment leases with various terms. The total minimum rental due in future periods under these existing agreements is as follows as of June 30, 2014:

		Rental
		Expense Due
		(In thousands)

	2015	$	151
	2016		151
	2017		108
	2018		99
	2019		99
	Thereafter		47

	Total	$	655

	Total rental expense amounted to $151,000 and $162,000 for the years ended June 30, 2014 and 2013, respectively.

	Legal Contingencies

	Various legal claims also arise from time to time in the normal course of business which, in the opinion of management, will have no material effect on the Company’s consolidated financial statements.

FAIR_VALUE_MEASUREMENTS

FAIR VALUE MEASUREMENTS	12 Months Ended
FAIR VALUE MEASUREMENTS	Jun. 30, 2014
Fair Value Disclosures [Abstract]	'
FAIR VALUE MEASURMENTS	'
	11. FAIR VALUE MEASURMENTS

	The Company groups its assets measured at fair value in three levels, based on the markets in which the assets are traded and the reliability of the assumptions used to determine fair value.

	Level 1 – Valuation is based on quoted prices in active markets for identical assets. Valuations are obtained from readily available pricing sources for market transactions involving identical assets.

	Level 2 – Valuation is based on observable inputs other than Level 1 prices, such as quoted prices for similar assets; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets.

	Level 3 – Valuation is based on unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets. Level 3 assets include financial instruments whose value is determined using unobservable inputs to pricing models, discounted cash flow methodologies, or similar techniques, as well as instruments for which the determination of fair value requires significant management judgment or estimation.

	A financial instrument’s level within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement. During the years ended June 30, 2014 and 2013, there were no significant transfers between level 1 and level 2 of the fair value hierarchy.

	Assets Measured at Fair Value on a Recurring Basis

	The following summarizes assets measured at fair value on a recurring basis for the years ended:


			Fair Value Measurements at Reporting Date Using:
			Total			Level 1			Level 2			Level 3
			(In thousands)
	30-Jun-14


	Securities available-for-sale:
	U. S. Government and government-sponsored securities		$	976		$	-		$	976		$	-
	Corporate bonds and other securities			5,163			-			5,163			-
	U.S. Government-sponsored and guaranteed mortgage-backed securities			25,262			-			25,262			-
	Non-agency mortgage-backed securities			6,680			-			6,680			-
	Equity securities			10,000			-			-			10,000


	Total		$	48,081		$	-		$	38,081		$	10,000


	30-Jun-13


	Securities available-for-sale:
	U. S. Government and government-sponsored securities		$	961		$	-		$	961		$	-
	Corporate bonds and other securities			4,873			-			4,873			-
	U.S. Government-sponsored and guaranteed mortgage-backed securities			15,065			-			15,065			-
	Non-agency mortgage-backed securities			7,551			-			7,551			-
	Equity securities			10,000			-			-			10,000


	Total		$	38,450		$	-		$	28,450		$	10,000

	At June 30, 2014 and 2013, level 3 assets consisted of available-for-sale auction-rate trust preferred securities (ARPs). Auction-rate trust preferred securities are a floating rate preferred stock, on which the dividend rate generally resets every 90 days based on an auction process to reflect the yield demand for the instruments by potential purchasers. These securities were originally purchased by the Company because they represented highly liquid, tax-preferred investments secured, in most cases, by preferred stock issued by high quality, investment grade companies (generally other financial institutions) (“collateral preferred shares”). The ARP shares, or certificates, purchased by the Company are Class A certificates, which, among other rights, entitle the holder to priority claim on dividends paid into the Trust holding the preferred shares.

	Beginning in February 2008, auctions for these securities began to fail when investors declined to bid on the securities. The auction failures did not result in the loss of any principal value to the certificate holders, but prevented many sellers from exiting, or redeeming, their certificates at the reset date. These unsuccessful sellers were required to continue to hold the certificates until the next scheduled reset date. To compensate these unsuccessful sellers, the failed auctions triggered a penalty-rate feature which provided that owners of the Class A certificates were entitled to a higher portion of the dividends, and thus a higher yield, on the Class A certificates.

	The Company had difficulty identifying market prices of comparable instruments for ARPs due to the inactive market. As a result, the Company modified its methodology for determining the fair value of the ARPs classified as Level 3, and used the quoted market values of the underlying collateral preferred shares, adjusted for the higher yield (dividend) earned by the Company through the Class A certificates compared with the nominal rate (dividend) available to a direct owner of the collateral preferred shares, with the resulting estimated fair value not to exceed par. All dividends are current. The Company has the ability and intent to hold these securities for the time necessary to collect the expected cash flows.

	The table below represent the changes in Level 3 assets measured at fair value on a recurring basis for the years ended June 30, 2014 and 2013:

			Auction Rate Trust
			Preferred Securities
			(In thousands)

	Beginning balance, July 1, 2012		$	9,636

	Total gains or losses (realized/unrealized) included in earnings			-
	Total unrealized gains included in other comprehensive income			364

Ending balance, June 30, 2013			10,000

Total gains or losses (realized/unrealized) included in earnings			-
Total unrealized gains included in other comprehensive income			-

Ending balance, June 30, 2014		$	10,000

There were no liabilities measured at fair value on a recurring basis at June 30, 2014 and 2013.

Assets Measured at Fair Value on a Non-Recurring Basis

Under certain circumstances the Company makes adjustments to fair value for assets not measured at fair value on a recurring basis. The following table presents the assets carried on the consolidated balance sheets by caption and by level in the fair value hierarchy at June 30, 2014 and 2013, for which a nonrecurring fair value adjustment has been recorded:

														Total Losses
														for the
		Fair Value Measurements at Reporting Date Using:												Year Ended
		Total			Level 1			Level 2			Level 3			30-Jun-14
		(In thousands)
30-Jun-14
Impaired loans		$	548		$	-		$	-		$	548		$	230
Other real estate owned			869			-			-			869			189
		$	1,417		$	-		$	-		$	1,417		$	419


														Total Losses
														for the
		Fair Value Measurements at Reporting Date Using:												Year Ended
		Total			Level 1			Level 2			Level 3			30-Jun-13
		(In thousands)
30-Jun-13
Impaired loans		$	1,577		$	-		$	-		$	1,577		$	206
Other real estate owned			290			-			-			290			48

		$	1,867		$	-		$	-		$	1,867		$	254
The amount of loans represents the carrying value of impaired loans net of related write-downs and valuation allowances for which adjustments are based on the estimated fair value of the underlying collateral. The other real estate owned amount represents the carrying value for which write-downs are based on the estimated fair value of the property.

Fair value estimates are made at a specific point in time, based on relevant market information and information about the financial instrument. These estimates do not reflect any premium or discount that could result from offering for sale at one time the Company’s entire holdings of a particular financial instrument. Because a market may not readily exist for a significant portion of the Company’s financial instruments, fair value estimates are based on judgments regarding future expected loss experience, current economic conditions, risk characteristics of various financial instruments, and other factors. These estimates are subjective in nature and involve uncertainties and matters of significant judgment and therefore cannot be determined with precision. Changes in assumption could significantly affect the estimates.

There were no liabilities measured at fair value on a non-recurring basis at June 30, 2014 and 2013.

The estimated fair values and carrying values of the Company’s financial instruments, all of which are held or issued for purposes other than trading, are as follows as of June 30:

		2014
		Carrying			Level 1			Level 2			Level 3			Fair Value
		Amount			Level 1			Level 2			Level 3			Fair Value
		(In thousands)
Financial assets:
Cash and cash equivalents		$	7,335		$	7,335		$	-		$	-		$	7,335
Available-for-sale securities			48,081			-			38,081			10,000			48,081
Held-to-maturity securities			142,176			-			143,257			-			143,257
Federal Home Loan Bank Stock			5,927			-			-			5,927			5,927
Loans held-for-sale			100			-			-			101			101
Loans, net			230,126			-			-			231,986			231,986
Accrued interest receivable			1,018			-			-			1,018			1,018


Financial liabilities:
Deposits			347,256			-			-			349,235			349,235
Mortgagors’ escrow accounts			2,267			-			-			2,267			2,267
Federal Home Loan Bank advances			53,500			-			55,196			-			55,196
Securities sold under agreements to repurchase			4,181			-			4,181			-			4,181
Accrued interest payable			124			-			-			124			124

		2013
		Carrying			Level 1			Level 2			Level 3			Fair Value
		Amount			Level 1			Level 2			Level 3			Fair Value
		(In thousands)

Financial assets:
Cash and cash equivalents		$	12,793		$	12,793		$	-		$	-		$	12,793
Available-for-sale securities			38,450			-			28,450			10,000			38,450
Held-to-maturity securities			134,989			-			135,418			-			135,418
Federal Home Loan Bank Stock			6,953			-			-			6,953			6,953
Loans held-for-sale			1,037			-			-			1,006			1,006
Loans, net			232,171			-			-			234,923			234,923
Accrued interest receivable			1,013			-			-			1,013			1,013

Financial liabilities:
Deposits			341,285			-			-			343,492			343,492
Mortgagors’ escrow accounts			2,120			-			-			2,120			2,120
Federal Home Loan Bank advances			53,500			-			55,260			-			55,260
Securities sold under agreements to repurchase			4,849			-			4,849			-			4,849
Accrued interest payable			143			-			-			143			143

OFFBALANCE_SHEET_FINANCIAL_INS

OFF-BALANCE SHEET FINANCIAL INSTRUMENTS	12 Months Ended
OFF-BALANCE SHEET FINANCIAL INSTRUMENTS	Jun. 30, 2014
Off Balance Sheet Financial Instruments [Abstract]	'
OFF-BALANCE SHEET FINANCIAL INSTRUMENTS	'
	12. OFF-BALANCE SHEET FINANCIAL INSTRUMENTS

	The Company is party to financial instruments with off-balance sheet risk in the normal course of business to meet the financing needs of its customers. These financial instruments include commitments to originate loans, standby letters of credit and unadvanced funds on loans. The instruments involve, to varying degrees, elements of credit risk in excess of the amount recognized on the consolidated balance sheets. The contract amounts of those instruments reflect the extent of involvement the Company has in particular classes of financial instruments.

	The Company’s exposure to credit loss in the event of non-performance by the other party to the financial instrument for loan commitments is represented by the contractual amounts of those instruments. The Company uses the same credit policies in making commitments and conditional obligations as it does for on-balance sheet instruments.

	Commitments to originate loans are agreements to lend to a customer provided there is no violation of any condition established in the contract. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. Since many of the commitments are expected to expire without being drawn upon, the total commitment amounts do not necessarily represent future cash requirements. The Company evaluates each customer’s creditworthiness on a case-by-case basis. The amount of collateral obtained, if deemed necessary by the Company upon extension of credit, is based on management’s credit evaluation of the borrower. Collateral held varies, but may include secured interests in mortgages, accounts receivable, inventory, property, plant and equipment and income-producing properties.

	Standby letters of credit are conditional commitments issued by the Company to guarantee the performance by a customer to a third party. The credit risk involved in issuing letters of credit is essentially the same as that involved in extending loan facilities to customers. The Company’s outstanding letters of credit generally have a term of less than one year. If a letter of credit is drawn upon, the Company may seek recourse through the customer’s underlying line of credit. If the customer’s line of credit is also in default, the Company may take possession of the collateral, if any, securing the line of credit.

	Notional amounts of commitments with off-balance-sheet credit risk are as follows as of June 30:

		2014		2013
		(In thousands)

	Commitments to originate loans	$	2,867	$	3,537
	Unadvanced portions of loans:
	Construction loans		1,658		1,745
	Lines of credit		12,217		11,912
	Letters of credit		488		746


	Outstanding commitments	$	17,230	$	17,940

REGULATORY_MATTERS

REGULATORY MATTERS	12 Months Ended
REGULATORY MATTERS	Jun. 30, 2014
Regulatory Matters [Abstract]	'
REGULATORY MATTERS	'
	13. REGULATORY MATTERS

	The Company, as a federally chartered holding company, is not subject to capital requirements. The Bank is subject to various regulatory capital requirements administered by the federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory and possibly additional discretionary actions by regulators that, if undertaken, could have a direct material effect on the Bank’s consolidated financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Bank must meet specific capital guidelines that involve quantitative measures of the Bank’s assets, liabilities and certain off-balance-sheet items as calculated under regulatory accounting practices. The Bank’s capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings and other factors.

	Quantitative measures established by regulation to ensure capital adequacy require the Bank to maintain minimum amounts and ratios (set forth in the table below) of total and Tier 1 capital (as defined in the regulations) to risk-weighted assets (as defined), of Core capital (as defined) to adjusted tangible assets (as defined) and Tangible capital (as defined) to Tangible assets (as defined). Management believes, as of June 30, 2014 and 2013, that the Bank meets all capital adequacy requirements to which it is subject.

	As of June 30, 2014, the most recent notification from the Office of the Comptroller of the Currency (“OCC”) categorized the Bank as well capitalized under the regulatory framework for prompt corrective action. To be categorized as well capitalized the Bank must maintain minimum total risk-based, Tier 1 risk-based, tangible equity and Core capital ratios as set forth in the table. There are no conditions or events since that notification that management believes have changed the institution’s category.

	The Bank’s actual capital amounts and ratios as of June 30, 2014 and 2013 are presented in the table:

		Actual						For Capital					To Be Well Capitalized
								Adequacy Purposes					Under Prompt
													Corrective Action
													Provisions
		Amount			Ratio			Amount		Ratio			Amount		Ratio
		(In thousands)
	As of June 30, 2014:
	Tangible Equity Capital (to Tangible Assets)	$	40,093			8.87	%	$	6,781		1.5	%		N/A		N/A
	Tier 1 Capital (to Adjusted Total Assets)		40,093			8.87			18,083		4			22,604		5	%
	Tier 1 Capital (to Risk-Weighted Assets)		40,093			17.62			9,099		4			13,649		6
	Total Capital (to Risk-Weighted Assets)		42,494			18.68			18,199		8			22,749		10

	As of June 30, 2013:
	Tangible Equity Capital (to Tangible Assets)	$	38,786			8.7	%	$	6,687		1.5	%		N/A		N/A
	Tier 1 Capital (to Adjusted Total Assets)		38,786			8.7			17,831		4			22,288		5	%
	Tier 1 Capital (to Risk-Weighted Assets)		38,786			17			9,126		4			13,689		6
	Total Capital (to Risk-Weighted Assets)		41,500			18.19			18,252		8			22,814		10

	The following table provides a reconciliation of the Company’s total consolidated equity to the capital amounts for the Bank reflected in the preceding table:

		June 30,
		2014			2013
		(In thousands)

	Total consolidated equity	$	51,451		$	50,081
	Adjustments:
	Equity capital of PSB Holdings, Inc.		(4,052	)		(4,048	)
	Intangible assets		(5,791	)		(6,026	)
	Disallowed servicing assets		(9	)		-
	Disallowed deferred tax assets		(1,731	)		(1,724	)
	Unrealized losses on available-for-sale securities		225			503
	Tier 1 Capital		40,093			38,786
	Allowance for loan losses and off-balance sheet reserves		2,401			2,714

	Total Risk-Based capital	$	42,494		$	41,500

	The ability of the Company to pay dividends depends, in part, on the ability of the Bank to pay dividends to the Company. The Bank will not be able to declare or pay a cash dividend on, or repurchase any of its common stock, if the effect thereof would be to reduce the regulatory capital of the Bank to an amount below amounts required under OCC rules and regulations.

	On June 20, 2012, the Bank entered into an agreement with the OCC (the “Agreement”). As part of the Agreement, the OCC required the Bank to take a number of specific corrective actions, and required that the Bank not undertake certain actions without obtaining prior approval of the OCC. The Bank has taken all necessary corrective actions and the Agreement was terminated on February 25, 2014.

BENEFIT_PLANS

BENEFIT PLANS	12 Months Ended
BENEFIT PLANS	Jun. 30, 2014
Compensation and Retirement Disclosure [Abstract]	'
BENEFIT PLANS	'
	14. BENEFIT PLANS

	Defined Contribution Plan

	The Company has a defined contribution plan that covers substantially all of the Company’s employees. Contributions to the plan are discretionary and are voted on annually by the Board of Directors of the Company. The Company recognized expense related to the plan of $147,000 and $160,000 for the years ended June 30, 2014 and 2013, respectively.


	401(k) Plan

	The Company has a 401(k) plan covering each eligible employee. Employees must be 21 years of age, work at least 1,000 hours per year, and have at least one year of service with the Company to be eligible to participate. Employees may defer compensation up to certain limits defined in the Internal Revenue Code. The Company’s matching contribution is discretionary. For the years ended June 30, 2014 and 2013, the Company chose to contribute 50% and 25%, respectively, of an employee’s deferral on a maximum of 4% of the employee’s salary. The Company contributed $65,000 and $34,000 to the plan during the years ended June 30, 2014 and 2013, respectively.

	Other Postretirement Benefit Plan

	The Company has recorded a liability for its future postretirement benefit obligations under certain death benefit agreements. The total liability for the arrangements included in other liabilities was $172,000 at June 30, 2014 and $162,000 at June 30, 2013. Expense under this arrangement was $10,000 for 2014 and $25,000 for 2013. Death benefits of $25,000 were paid under this arrangement in 2013. No death benefits were paid under this arrangement in 2014.

	Employee Stock Ownership Plan

	The Company established the ESOP on October 4, 2004 in connection with its common stock offering. The ESOP purchased 257,062 shares of the common stock of the Company. To fund the purchase, the ESOP borrowed $2.6 million from the Company at an initial variable rate of 4.75%, to be repaid on a pro-rata basis in 20 substantially equal annual installments. The borrowing was at a current rate of 3.25% as of June 30, 2014 and 2013. The collateral for the loan is the common stock of the Company purchased by the ESOP.

	The shares of stock purchased by the ESOP are held in a suspense account until they are released for allocation among participants. The shares will be released annually from the suspense account and the released shares will be allocated to the participants on the basis of each participant’s compensation for the year of allocation. As shares are released from collateral, the Company recognizes compensation expense equal to the average market price of the shares during the period and the shares will be outstanding for earnings-per-share purposes. The shares not released are reported as unearned ESOP shares in the capital accounts of the consolidated balance sheets. ESOP expense for the years ended June 30, 2014 and 2013 was $81,000 and $66,000, respectively. At June 30, 2014 and 2013 there were 126,071 and 113,292 allocated shares, respectively, and 130,991 and 143,770 unallocated shares, respectively. The fair value of unallocated ESOP shares at June 30, 2014 and 2013 was $880,000 and $807,000, respectively.

	Stock-based Incentive Plan

	At the annual meeting of stockholders on October 31, 2005, stockholders of the Company approved the PSB Holdings, Inc. 2005 Stock-Based Incentive Plan (the “Incentive Plan”). Under the Incentive Plan, the Company may grant up to 340,213 stock options and 136,085 shares of restricted stock to its employees, officers and directors for an aggregate amount of up to 476,298 shares of the Company’s common stock for issuance upon the grant or exercise of awards. Both incentive stock options and non-statutory stock options may be granted under the Incentive Plan.

	The Company has recorded share-based compensation expense related to outstanding stock option and restricted stock awards based upon the fair value at the date of grant over the vesting period of such awards on a straight-line basis. The fair value of each restricted stock allocation, based on the market price at the date of grant, is recorded to unearned stock awards. Compensation expenses related to unearned restricted shares are amortized to compensation and benefits expense over the vesting period of the restricted stock awards. The fair value of each stock option award is estimated on the date of grant using the Black-Scholes option pricing model which includes several assumptions such as volatility, expected dividends, expected term and risk-free rate for each stock option award.

	A summary of the status of the Incentive Plan as of June 30, 2014 and 2013 and changes during the years then ended is presented below:

			2014								2013
							Weighted								Weighted
							Average								Average
			Number of				Exercise				Number of				Exercise
			Shares				Price				Shares				Price

	Options outstanding at beginning of year			222,921			$	10.62				222,921			$	10.62
	Granted			-				-				-				-
	Exercised			-				-				-				-
	Forfeited			(23,815	)		$	10.6				-				-


	Outstanding at end of year			199,106			$	10.62				222,921			$	10.62


	Options exercisable at end of year			199,106			$	10.62				222,921			$	10.62


	The following table summarizes information about stock options outstanding as of June 30, 2014:

	Options Outstanding																Options Exercisable
									Weighted-Average
	Weighted-Average				Number				Remaining				Aggregate				Number		Weighted-Average
	Exercise Price				Outstanding				Contractual Life				Intrinsic Value				Exercisable		Exercise Price

	$	10.6				170,106				1.36			$	-				170,106		$	10.6
		10.7				23,000				2.9				-				23,000			10.7
		10.78				6,000				1.94				-				6,000			10.78

	At June 30, 2014 and 2013, there were no unrecognized compensation costs related to nonvested share based compensation. The Company recorded no share-based compensation expense for the years ended June 30, 2014 and 2013 in connection with the stock option and restricted stock awards as all awards have fully vested.

ACCUMULATED_OTHER_COMPREHENSIV

ACCUMULATED OTHER COMPREHENSIVE INCOME/LOSS	12 Months Ended
ACCUMULATED OTHER COMPREHENSIVE INCOME/LOSS	Jun. 30, 2014
Accumulated Other Comprehensive Income (Loss), Net Of Tax [Abstract]	'
ACCUMULATED OTHER COMPREHENSIVE INCOME/LOSS	'
	15. ACCUMULATED OTHER COMPREHENSIVE INCOME/LOSS

	Accounting principles generally require that recognized revenue, expenses, gains and losses be included in net income. Although certain changes in assets and liabilities are reported as a separate component of the stockholders’ equity section of the consolidated balance sheets, such items, along with net income, are components of comprehensive income/loss.

	The components of accumulated other comprehensive loss included in stockholders’ equity and related tax effects are as follows:

		At June 30,
		2014			2013
		(In thousands)

	Net unrealized loss on securities available-for-sale	$	(362	)	$	(795	)
	Tax effect		125			272


	Accumulated other comprehensive loss	$	(237	)	$	(523	)

	The June 30, 2014 and 2013 ending balances include $60,000 and $207,000, respectively, of pre-tax unrealized losses on securities which other-than-temporary impairment has been recognized.

PARENT_COMPANY_ONLY_FINANCIAL_

PARENT COMPANY ONLY FINANCIAL STATEMENTS	12 Months Ended
PARENT COMPANY ONLY FINANCIAL STATEMENTS	Jun. 30, 2014
Condensed Financial Information of Parent Company Only Disclosure [Abstract]	'
PARENT COMPANY ONLY FINANCIAL STATEMENTS	'
	16. PARENT COMPANY ONLY FINANCIAL STATEMENTS

	The following financial statements are for the Company (Parent Company) and should be read in conjunction with the consolidated financial statements of the Company.

			2014				2013

	ASSETS

	Cash and due from depository institutions		$	805			$	787
	Investment in Putnam Bank			47,399				46,033
	Investment in available-for-sale securities, at fair value			1,044				1,057
	Loan to ESOP			1,607				1,737
	Other assets			623				490

	Total assets		$	51,478			$	50,104

	LIABILITIES AND STOCKHOLDERS’ EQUITY

	Other liabilities		$	27			$	23
	Stockholders’ equity			51,451				50,081

	Total liabilities and stockholders’ equity		$	51,478			$	50,104

	PSB Holdings, Inc. and Subsidiary
	(Parent Company Only)

	Statements of Income

	For the Years Ended June 30, 2014 and 2013
	(In thousands)

			2014				2013

	Interest and dividends on investments		$	12			$	15
	Interest on ESOP loan			55				59
	Total interest and dividend income			67				74

	Other expense			224				225
	Loss before income tax benefit and equity in undistributed net income of subsidiary			(157	)			(151	)
	Income tax benefit			(72	)			(51	)

	Loss before equity in undistributed net income of subsidiary			(85	)			(100	)
	Equity in undistributed net income of subsidiary			1,088				1,437

	Net income		$	1,003			$	1,337

	PSB Holdings, Inc. and Subsidiary
	(Parent Company Only)

	Statements of Cash Flows

	June 30, 2014 and 2013
	(In thousands)

			2014				2013

	Cash flows from operating activities:
	Net income
	Adjustments to reconcile net income to net cash used in operating activities:		$	1,003			$	1,337
	Amortization of securities, net			-				1
	Amortization of ESOP expense			81				66
	(Increase) decrease in other assets			(71	)			14
	Increase in due from subsidiary			(67	)			-
Increase in other liabilities			4				2
Undistributed net income of subsidiary			(1,088	)			(1,437	)
Net cash used in operating activities			(138	)			(17	)

Cash flows from investing activities:
Purchase of available-for-sale securities			-				(1,000	)
Proceeds from maturities of available-for-sale securities			26				69
Proceeds from calls, maturities of held-to-maturity securities			-				1,000
Principal payments received on loan to ESOP			130				126
Net cash provided by investing activities			156				195

Cash flows from financing activities:
Shares issued			-				53
Net cash provided by financing activities			-				53

Net increase in cash and cash equivalents			18				231
Cash and cash equivalents at beginning of year			787				556

Cash and cash equivalents at end of year		$	805			$	787

SUMMARY_OF_SIGNIFICANT_ACCOUNT1

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Jun. 30, 2014
Accounting Policies [Abstract]	'
Use of Estimates	'
	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 consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change in the near term are the allowance for loan losses, other-than-temporary impairment of securities, the valuation of goodwill and the realizability of deferred tax assets.
Basis of Presentation	'
	Basis of Presentation

	The consolidated financial statements include the accounts of the Company and its wholly-owned subsidiary, the Bank, and the Bank’s wholly-owned subsidiaries, Windham North Properties, LLC, PSB Realty, LLC, and Putnam Bank Mortgage Servicing Company. Windham North Properties, LLC is used to acquire title to selected properties on which Putnam Bank forecloses. PSB Realty, LLC owns a parcel of real estate located immediately adjacent to Putnam Bank’s main office. This real estate is utilized as a loan center for Putnam Bank and there are no outside tenants that occupy the premises. PSB Realty, LLC also owns the 40 High Street, Norwich branch building and real estate. Putnam Bank Mortgage Servicing Company is a qualified “passive investment company” that is intended to reduce Connecticut state taxes on interest earned on real estate loans. All significant intercompany accounts and transactions have been eliminated in the consolidation.
Reclassifications	'
	Reclassifications

	Reclassifications are made to prior year financial statements when necessary to conform to the current year presentation.
Cash and Cash Equivalents	'
	Cash and Cash Equivalents

	For the purposes of reporting cash flows, cash and cash equivalents include cash, amounts due from depository institutions and interest-bearing deposits with other banks.

	Cash and due from banks as of June 30, 2014 and 2013 includes $425,000 which is subject to withdrawal and usage restrictions to satisfy the reserve requirements and target balances at Bankers Bank Northeast.

	Cash is maintained in bank accounts which, at times, may exceed insured limits. The Company has not experienced any issues in such accounts and does not believe it is exposed to any significant credit risk on cash.
Securities	'
	Securities

	Investments in debt securities are adjusted for amortization of premiums and accretion of discounts computed so as to approximate the interest method. Gains or losses on sales of investment securities are computed on a specific identification basis. All security transactions are recorded on the trade date.

	The Company classifies debt and equity securities into one of three categories: held-to-maturity, available-for-sale, or trading. These security classifications may be modified after acquisition only under certain specified conditions. In general, securities may be classified as held-to-maturity only if the Company has the positive intent and ability to hold them to maturity. Trading securities are defined as those bought and held principally for the purpose of selling them in the near term. All other securities are classified as available-for-sale.

	Held-to-maturity securities are measured at amortized cost on the consolidated balance sheets. Unrealized holding gains and losses are not included in earnings or in other comprehensive income/loss, but are disclosed in the notes to the consolidated financial statements.

	Available-for-sale securities are carried at fair value on the consolidated balance sheets. Unrealized holding gains and losses are not included in earnings but are included in other comprehensive income/loss, net of applicable taxes.

	Trading securities are carried at fair value on the consolidated balance sheets. Unrealized holding gains and losses for trading securities are included in earnings. The Company held no securities classified as trading at June 30, 2014 and 2013.

	Each reporting period, the Company evaluates all securities classified as available-for-sale or held-to-maturity, with a decline in fair value below the amortized cost of the investment to determine whether or not the impairment is deemed to be other-than-temporary (“OTTI”).

	OTTI is required to be recognized if (1) the Company intends to sell the security; (2) it is “more likely than not” that the Company will be required to sell the security before recovery of its amortized cost basis; or (3) for debt securities, the present value of expected cash flows is not sufficient to recover the entire amortized cost basis. Marketable equity securities are evaluated for OTTI based on the severity and duration of the impairment and, if deemed to be other than temporary, the declines in fair value are reflected in earnings as realized losses. For impaired debt securities that the Company intends to sell, or more likely than not will be required to sell, the full amount of the depreciation is recognized as OTTI through earnings. For all other impaired debt securities, credit-related OTTI is recognized through earnings and non-credit related OTTI is recognized in other comprehensive income/loss, net of applicable taxes.
Federal Home Loan Bank of Boston Stock	'
	Federal Home Loan Bank of Boston Stock

	The Bank, as a member of the Federal Home Loan Bank (“FHLB”) system, is required to maintain an investment in capital stock of the FHLB of Boston. Based on redemption provisions, the stock has no quoted market value and is carried at cost. At its discretion, the FHLB of Boston may declare dividends on the stock. The Bank reviews for impairment based on the ultimate recoverability of the cost basis in the stock. As of June 30, 2014, no impairment has been recognized.
Loans Held-For-Sale	'
	Loans Held-For-Sale

	Loans originated and intended for sale in the secondary market are carried at the lower of cost or estimated fair value in the aggregate. Net unrealized losses, if any, are provided for in a valuation allowance by charges to income.

	Interest income on loans held-for-sale is accrued currently and classified as interest on loans.
Loans	'
	Loans

	The Company’s loan portfolio includes residential real estate, commercial real estate, residential construction, commercial and consumer/other segments. Loans that management has the intent and ability to hold for the foreseeable future or until maturity or pay-off generally are reported at their outstanding unpaid principal balances adjusted for charge-offs, the allowance for loan losses, and any deferred fees or costs on originated loans. Interest income is accrued on the unpaid principal balance. Loan origination fees, net of certain direct origination costs, are deferred and recognized as an adjustment of the related loan yield using the interest method.

	The accrual of interest on all loans is discontinued at the time a loan is 90 days past due unless the credit is well-secured and in process of collection. Past due status is based on contractual terms of the loan. In all cases, loans are placed on non-accrual if collection of principal or interest is considered doubtful. All interest accrued but not collected for loans that are placed on non-accrual is reversed against interest income. The interest on these loans is accounted for on the cash-basis or cost-recovery method, until qualifying for return to accrual. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured.
Allowance for Loan Losses	'
	Allowance for Loan Losses

	The allowance for loan losses is established as losses are estimated to have occurred through a provision for loan losses charged to earnings. Loan losses are charged against the allowance when management believes the uncollectability of a loan balance is confirmed.

	The allowance for loan losses is evaluated on a quarterly basis by management. This evaluation is inherently subjective as it requires estimates that are susceptible to significant revision as more information becomes available. The allowance consists of general, specific and unallocated components, as further described below.

	General component

	The general component of the allowance for loan losses is based on historical loss experience adjusted for qualitative factors stratified by the following loan segments: residential real estate, commercial real estate, residential construction, commercial and consumer/other. Management uses a rolling average of historical losses based on a time frame appropriate to capture relevant loss data for each loan segment. This historical loss factor is adjusted for the following qualitative factors: levels/trends in delinquencies; loan concentrations; trends in volume and terms of loans; changes in lending practices and procedures; changes in lending management and staff; changes in the value of underlying collateral; changes in the quality of the loan review system; national and local economic trends and conditions and the effects of other external factors. There were no changes in the Company’s policies or methodology pertaining to the general component of the allowance for loan losses during 2014.

	The qualitative factors are determined based on the various risk characteristics of each loan segment. Risk characteristics relevant to each portfolio segment are as follows:

	Residential real estate - The Company does not originate loans with a loan-to-value ratio greater than 100% and does not originate subprime loans. Loans originated with a loan-to-value ratio greater than 80% generally require private mortgage insurance. All loans in this segment are collateralized by owner-occupied residential real estate and repayment is dependent on the credit quality of the individual borrower. The overall health of the economy, including unemployment rates and housing prices, will have an effect on the credit quality in this segment.

	Commercial real estate - Loans in this segment are primarily income-producing properties throughout New England. The underlying cash flows generated by the properties are adversely impacted by a downturn in the economy as evidenced by increased vacancy rates, which in turn, will have an effect on the credit quality in this segment. Management obtains rent rolls annually and continually monitors the cash flows of these loans.

	Residential construction – Loans in this segment primarily include speculative real estate development loans for which payment is derived from sale of the property. Credit risk is affected by cost overruns, time to sell at an adequate price, and market conditions.

	Commercial – Loans in this segment are made to businesses and are generally secured by assets of the business. Repayment is expected from the cash flows of the business. A weakened economy, and resultant decreased consumer spending, will have an effect on the credit quality in this segment.

	Consumer/other - Loans in this segment are generally secured and repayment is dependent on the credit quality of the individual borrower.

	Specific component

	The specific component relates to loans that are classified as impaired. Impairment is measured on a loan-by-loan basis by either the present value of expected future cash flows discounted at the loan’s effective interest rate or the fair value of the collateral if the loan is collateral dependent or foreclosure is probable. An allowance is established when the discounted cash flows (or collateral value) of the impaired loan is lower than the carrying value of that loan. Large groups of smaller balance homogeneous loans are collectively evaluated for impairment. Accordingly, the Company does not separately identify individual consumer/other and residential real estate loans for impairment disclosures, unless such loans are subject to a troubled debt restructuring (“TDR”) agreement.

	A loan is considered impaired when, based on current information and events, it is probable that the Company will be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the loan agreement. Factors considered by management in determining impairment include payment status, collateral value, and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and payment shortfalls generally are not classified as impaired. Management determines the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower’s prior payment record, and the amount of the shortfall in relation to the principal and interest owed.

	The Company periodically may agree to modify the contractual terms of loans. When a loan is modified and a concession is made to a borrower experiencing financial difficulty, the modification is considered a troubled debt restructuring. All TDRs are initially classified as impaired.

	Unallocated component

	An unallocated component is maintained to cover uncertainties that could affect management’s estimate of probable losses. The unallocated component of the allowance reflects the margin of imprecision inherent in the underlying assumptions used in the methodologies for estimating specific and general reserves in the portfolio.
Loan Servicing	'
	Loan Servicing

	The Bank originates and sells mortgage loans in the secondary market and may retain the servicing of these loans. Mortgage servicing assets are recognized as separate assets when rights are acquired through the purchase of rights or sale of these loans. Capitalized servicing rights are reported at fair value in other assets on the consolidated balance sheets, with changes in fair value reported in other non-interest income on the consolidated statements of net income. Fair value is determined using prices for similar assets with similar characteristics when available, or based upon discounted cash flows using market-based assumptions.
Premises and Equipment	'
	Premises and Equipment

	Premises and equipment are stated at cost, less accumulated depreciation and amortization. Cost and related allowances for depreciation and amortization of premises and equipment retired or otherwise disposed of are removed from the respective accounts with any gain or loss included in earnings. Depreciation and amortization are calculated principally on the straight-line method over the estimated useful lives of the assets or term of lease if shorter. Estimated lives are 5 to 40 years for buildings and premises, 3 to 20 years for furniture, fixtures and equipment and lease terms range from 1 to 25 years. Expenditures for replacements or major improvements are capitalized; expenditures for normal maintenance and repairs are charged to expense as incurred.
Other Real Estate Owned	'
	Other Real Estate Owned

	Other real estate owned includes properties acquired through foreclosure and properties classified as in-substance foreclosures. These properties are carried at the lower of cost or estimated fair value less estimated costs to sell. Any write-down from cost to estimated fair value required at the time of foreclosure or classification as in-substance foreclosure is charged to the allowance for loan losses. Expenses incurred in connection with maintaining these assets, subsequent write-downs and gains or losses recognized upon sale are charged to earnings.
Goodwill	'
	Goodwill

	Goodwill is measured as the excess of the cost of a business acquisition over the sum of the amounts assigned to identifiable tangible and intangible assets acquired less liabilities assumed. Goodwill is not amortized but is reviewed for impairment annually or more frequently if circumstances warrant. In 2014 and 2013, the Company used the following two-step approach for reviewing goodwill for impairment:

	The first step (“Step 1”) is used to identify potential impairment, and involves comparing the reporting unit’s (the consolidated Company) estimated fair value to its carrying amount, including goodwill. If the estimated fair value of the reporting unit exceeds its carrying amount, goodwill is not deemed to be impaired. Should the carrying amount of the reporting unit exceed its estimated fair value, an indicator of impairment is deemed to exist and a second step is performed to measure the amount of such impairment, if any. The second step (“Step 2”) involves calculating the implied fair value of goodwill. The implied fair value of goodwill is determined in a manner similar to how the amount of goodwill is determined in a business combination (i.e. by measuring the excess of the estimated fair value, as determined in Step 1, over the aggregate estimated fair values of the individual assets, liabilities, and identifiable intangibles as of the impairment testing date). If the implied fair value of goodwill exceeds the carrying amount of goodwill assigned to the reporting unit, no impairment exists. If the carrying amount of goodwill exceeds the implied fair value of the goodwill, an impairment loss is recorded in an amount equal to such excess. An impairment loss cannot exceed the carrying amount of goodwill, and the loss (write-down) establishes a new carrying amount for the goodwill. Subsequent reversal of goodwill impairment losses is not permitted. Application of the goodwill impairment test requires significant judgments including estimation of future cash flows, which are dependent on internal forecasts, estimation of the long-term rate of growth, the period over which cash flows will occur, and determination of our cost of capital. Changes in these estimates and assumptions could materially affect the determination of fair value and/or conclusions related to goodwill impairment. For the years ended June 30, 2014 and 2013, the Company had no goodwill impairment.
Bank-owned Life Insurance	'
	Bank-owned Life Insurance

	Bank-owned life insurance policies are reflected on the consolidated balance sheets at cash surrender value. Changes in the net cash surrender value of the policies, as well as insurance proceeds received, are reflected in non-interest income on the consolidated statements of net income and are not subject to income taxes.
Fair Value of Financial Instruments	'
	Fair Value of Financial Instruments

	The Company uses fair value measurements to record fair value adjustments to certain assets and to determine fair value disclosures. Fair value methods and assumptions used by the Company in estimating its fair value disclosures are as follows:

	Cash and Cash Equivalents: The carrying amounts of cash and cash equivalents approximate fair values based on the short-term nature of the assets.

	Investment Securities and FHLB Stock: Fair value measurements on investment securities are generally obtained from a third party pricing source. The fair value of securities held-to-maturity and available-for-sale is estimated based on quoted market prices, where available. If quoted market prices are not available, fair values are based on quoted market prices of comparable instruments, pricing models, discounted cash flow methodologies or other similar techniques as appropriate. Ownership of FHLB of Boston stock is restricted to member banks; therefore, the stock is not traded. The estimated fair value of FHLB of Boston stock is equal to its carrying value, which represents the price at which the FHLB of Boston is obligated to redeem its stock.

	Loans, net: For valuation purposes, the loan portfolio was segregated into its significant categories, which are residential real estate, commercial real estate, residential construction, commercial and consumer/other loans. These categories were further segregated, where appropriate, into components based on significant financial characteristics such as type of interest rate (fixed or adjustable). Fair values were estimated for each component using assumptions developed by management and a valuation model provided by a third party specialist.

	The fair values of residential real estate, commercial real estate, residential construction, commercial and consumer/other loans were estimated by discounting the anticipated cash flows from the respective portfolios. Estimates of the timing and amount of these cash flows considered factors such as future loan prepayments. The discount rates reflected current market rates for loans with similar terms to borrowers of similar credit quality. The fair value of home equity lines of credit was based on the outstanding loan balances. Fair values for non-performing loans are estimated using discounted cash flow analyses or underlying collateral values, where applicable.

	Loans held for sale: Loans held for sale are accounted for at the lower of cost or market and the fair value of loans held for sale are based on quoted market prices of similar loans sold in conjunction with securitization transactions, adjusted as required for changes in loan characteristics.

	Accrued interest: The carrying amounts of accrued interest approximate fair value.

	Deposits and Mortgagors’ Escrow: The fair value of deposits with no stated maturity such as demand deposits, NOW, regular savings, and money market deposit accounts, and mortgagors’ escrow accounts, is equal to the amount payable on demand. The fair value estimates do not include the benefit that results from the generally lower cost of funding provided by the deposit liabilities compared to the cost of borrowing funds in the market. The fair value estimate of time deposits is based on the discounted value of contractual cash flows. The discount rate is estimated using market rates currently offered for deposits having similar remaining maturities.

	Federal Home Loan Bank Advances: The fair values of the Company’s Federal Home Loan Bank advances are estimated using discounted cash flow analyses based on the current incremental borrowing rates in the market for similar types of borrowing arrangements.

	Securities Sold Under Agreements to Repurchase: The Company enters into overnight repurchase agreements with its customers. Since these agreements are short-term instruments, the fair value of these agreements approximates their recorded balance. The fair value of these agreements are determined by discounting the anticipated future cash payments using rates currently available to the Company for debt with similar terms and remaining maturities.

	Off-Balance Sheet Instruments: The fair value of off-balance-sheet mortgage lending commitments are based on fees currently charged to enter into similar agreements, taking into account the remaining terms of the agreements and the counterparties’ credit standing. In the case of the commitments discussed in Note 12, the fair value equals the carrying amounts which are not significant.
Earnings per Share (EPS)	'
	Earnings per Share (EPS)

	Basic earnings per share represents income available to common stockholders divided by the weighted-average number of common shares outstanding during the period. If rights to dividends on unvested options/awards are non-forfeitable, these unvested awards/options are considered outstanding in the computation of basic earnings per share. Diluted earnings per share reflects additional common shares that would have been outstanding if dilutive potential common shares had been issued, as well as any adjustment to income that would result from the assumed issuance. Potential common shares that may be issued by the Company relate to outstanding stock options and are determined using the treasury stock method.

	Treasury shares and unallocated ESOP shares are not deemed outstanding for earnings per share calculations.

	The calculation of basic and diluted earnings per share for the years ended June 30, 2014 and 2013 is presented below:

		Years Ended June 30,
		2014		2013

	Net income	$	1,003,000	$	1,337,000

	Weighted average common shares applicable to basic EPS		6,402,597		6,384,712
	Effect of dilutive potential common shares		-		-

	Weighted average common shares applicable to diluted EPS		6,402,597		6,384,712
	Earnings per share:
	Basic	$	0.16	$	0.21
	Diluted	$	0.16	$	0.21

	At June 30, 2014 and 2013, options for 199,106 and 222,921 shares, respectively, were not included in the computation of earnings per share as the effects were anti-dilutive.
Transfers of Financial Assets	'
	Transfers of Financial Assets

	Transfers of an entire financial asset, a group of entire financial assets, or a participating interest in an entire financial asset are accounted for as sales when control over the assets has been surrendered. Control over transferred assets is deemed to be surrendered when (1) the assets have been isolated from the Company, (2) the transferee obtains the right to pledge or exchange the transferred assets, and (3) the Company does not maintain effective control over the transferred assets.
Advertising	'
	Advertising

	The Company directly expenses costs associated with advertising as they are incurred.
Income Taxes	'
	Income Taxes

	Deferred income tax assets and liabilities are determined using the liability (or balance sheet) method. Under this method, the net deferred tax asset or liability is determined based on the tax effects of the temporary differences between the book and tax basis of the various balance sheet assets and liabilities and gives current recognition to changes in tax rates and laws. A valuation allowance is established against deferred tax assets when, based upon the available evidence including historical and projected taxable income, it is more likely than not that some or all of the deferred tax assets will not be realized.

	Income tax benefits related to stock compensation in excess of grant date fair value less any proceeds on exercise are recognized as an increase to additional paid-in capital upon vesting or exercising and delivery of the stock. Any income tax effects related to stock compensation that are less than grant date fair value less any proceeds on exercise would be recognized as a reduction of additional paid-in capital to the extent of previously recognized income tax benefits and then through income tax expense for the remaining amount.
Employee Benefit Plans	'
	Employee Benefit Plans

	The Company established an Employee Stock Ownership Plan (the “ESOP”) as part of its minority stock issuance on October 4, 2004. Unearned ESOP shares are not considered outstanding and are therefore not taken into account when computing earnings per share. Unearned ESOP shares are presented as a reduction to stockholders’ equity and represent shares to be allocated to ESOP participants in future periods for services provided to the Company. As shares are committed to be released, compensation expense is recognized for the fair market value of the stock and stockholders’ equity is increased by a corresponding amount. The loan to the ESOP will be repaid principally from the Bank’s contributions to the ESOP and dividends payable on common stock held by ESOP over a period of 20 years.

	As more fully described in Note 14, the Company has a stock-based incentive plan authorizing various types of incentive awards that may be granted to directors, officers and employees. The Company records share-based compensation expense related to outstanding stock option and restricted stock awards based upon the fair value at the date of grant over the vesting period of such awards on a straight-line basis.
Recent Accounting and Regulatory Pronouncements	'
	Recent Accounting and Regulatory Pronouncements

	Capital. In July 2013, federal banking regulators approved an interim rule to set minimum requirements for both the quantity and quality of capital held by banks. The interim final rule includes a new minimum ratio of common equity Tier 1 capital to risk weighted assets of 4.5%, raises the minimum ratio of Tier 1 capital to risk-weighted assets from 4% to 6% and includes a minimum leverage ratio of 4% for all banking organizations. Additionally, banks must maintain a capital conservation buffer of common equity Tier 1 capital in an amount greater than 2.5% of total risk-weighted assets to avoid being subject to limitations on capital distributions and discretionary bonus payments to executive officers. The Company must begin complying with the final rule on January 1, 2015. The Company is currently evaluating the final interim rule but believes that it will continue to exceed all the minimum capital ratio requirements.

	Transfers and Servicing. In June 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2014-11, Transfers and Servicing (Topic 860) – Repurchase-to-Maturity Transactions, Repurchase Financings, and Disclosures. The ASU requires disclosure of information on transfers accounted for as sales in transactions that are economically similar to repurchase agreements, as well as increased transparency about the types of collateral pledged in repurchase agreements and similar transactions accounted for as secured borrowings. The provisions in this ASU are effective for annual periods, and interim periods within those annual periods, beginning after December 15, 2014. The ASU is not expected to have a material impact on the Company’s Consolidated Financial Statements.

	Compensation – Stock Compensation. In June 2014, FASB issued ASU No. 2014-12, Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period. The ASU requires a performance target that affects vesting and that could be achieved after the requisite service period to be treated as a performance condition. The amendments in this ASU provide explicit guidance for those awards. The provisions in this ASU are

	effective for annual periods, and interim periods within those annual periods, beginning after December 15, 2015. The ASU is not expected to have a material impact on the Company’s Consolidated Financial Statements.

	Receivables – Troubled Debt Restructurings by Creditors. In January 2014, FASB issued ASU No. 2014-04, Receivables - Troubled Debt Restructurings by Creditors (Subtopic 310-40) – Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans upon Foreclosure which clarifies when an in substance repossession or foreclosure occurs, that is, when a creditor should be considered to have received physical possession of residential property collateralizing a consumer mortgage loan such that the loan receivable should be derecognized and the real property recognized. The provisions in this ASU are effective for annual periods, and interim periods within those annual periods, beginning after December 15, 2014. The ASU is not expected to have a material impact on the Company’s Consolidated Financial Statements.

SUMMARY_OF_SIGNIFICANT_ACCOUNT2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	Jun. 30, 2014
Accounting Policies [Abstract]	'
Schedule of basic and diluted earnings per share	'
		Years Ended June 30,
		2014		2013

	Net income	$	1,003,000	$	1,337,000

	Weighted average common shares applicable to basic EPS		6,402,597		6,384,712
	Effect of dilutive potential common shares		-		-

	Weighted average common shares applicable to diluted EPS		6,402,597		6,384,712
	Earnings per share:
	Basic	$	0.16	$	0.21
	Diluted	$	0.16	$	0.21

INVESTMENT_SECURITIES_Tables

INVESTMENT SECURITIES (Tables)	12 Months Ended
INVESTMENT SECURITIES (Tables)	Jun. 30, 2014
Investments, Debt and Equity Securities [Abstract]	'
Schedule of carrying value and estimated market values of investment securities by maturity	'

			Amortized				Gross Unrealized								Fair
			Cost Basis				Gain				(Loss)				Value
			(In thousands)
	June 30, 2014:

	Available-for-sale:
	Debt securities:
	U.S. government and government-sponsored securities:
	Due from five through ten years		$	1,000			$	-			$	(24	)		$	976

	Corporate bonds and other securities:
	Due after ten years			5,999				-				(836	)			5,163


	U.S. Government-sponsored and guaranteed mortgage-backed securities:
	Due from one through five years			684				37				-				721
	From five through ten years			11,593				189				-				11,782
	After ten years			12,426				377				(44	)			12,759
				24,703				603				(44	)			25,262
	Non-agency mortgage-backed securities:
	Due after ten years			6,741				321				(382	)			6,680
	Total debt securities			38,443				924				(1,286	)			38,081

	Equity securities:
	Auction rate preferred - due after 10 years			10,000				-				-				10,000

	Total available-for-sale securities		$	48,443			$	924			$	(1,286	)		$	48,081





			Amortized				Gross Unrealized								Fair
			Cost Basis				Gain				(Loss)				Value
			(In thousands)
	June 30, 2013:

	Available-for-sale:
	Debt securities:
	U.S. government and government-sponsored securities:
	Due from five through ten years		$	1,000			$	-			$	(39	)		$	961

	Corporate bonds and other securities:
	Due after ten years			5,999				-				(1,126	)			4,873

	U.S. Government-sponsored and guaranteed mortgage-backed securities:
	Due in one year or less			21				1				-				22
	From one through five years			1,217				71				-				1,288
	From five through ten years			143				-				-				143
	After ten years			13,108				593				(89	)			13,612
				14,489				665				(89	)			15,065
	Non-agency mortgage-backed securities:
	Due after ten years			7,757				269				(475	)			7,551
	Total debt securities			29,245				934				(1,729	)			28,450

	Equity securities:
	Auction rate preferred - due after 10 years			10,000				-				-				10,000

	Total available-for-sale securities		$	39,245			$	934			$	(1,729	)		$	38,450

	June 30, 2014:

Held-to-maturity:
U.S. Government and government-sponsored securities:
Due in one through five years		$	5,262			$	4			$	(28	)		$	5,238
From five through ten years			4,929				122				-				5,051
			10,191				126				(28	)			10,289

U.S. Government-sponsored and guaranteed mortgage-backed securities:
Due in five through ten years			4,445				190				-				4,635
After ten years			127,540				1,831				(1,038	)			128,333
			131,985				2,021				(1,038	)			132,968

Total held-to-maturity securities		$	142,176			$	2,147			$	(1,066	)		$	143,257





		Amortized				Gross Unrealized								Fair
		Cost Basis				Gain				(Loss)				Value
		(In thousands)
June 30, 2013:

Held-to-maturity:
U.S. Government and government-sponsored securities:
Due in one through five years		$	5,259			$	3			$	(76	)		$	5,186
From five through ten years			939				96				-				1,035
			6,198				99				(76	)			6,221

U.S. Government-sponsored and guaranteed mortgage-backed securities:
Due in five through ten years			4,652				133				-				4,785
After ten years			124,139				2,004				(1,731	)			124,412
			128,791				2,137				(1,731	)			129,197

Total held-to-maturity securities		$	134,989			$	2,236			$	(1,807	)		$	135,418
Schedule of the estimated fair value and related unrealized losses segregated by category and length of time that individual securities have been in a continuous unrealized loss position	'

			Less than 12 Months								12 Months or More						Total
			Fair				Unrealized				Fair				Unrealized		Fair		Unrealized
			Value				Loss				Value				Loss		Value		Loss
			(In thousands)
	June 30, 2014:

	Available-for-sale:
	Corporate bonds and other securities		$	-			$	-			$	5,163			$	836	$	5,163	$	836
	U.S. Government and government-sponsored securities			-				-				976				24		976		24
	U.S. Government-sponsored and guaranteed mortgage-backed securities			2,370				1				3,931				43		6,301		44
	Total temporarily impaired available-for-sale securities			2,370				1				10,070				903		12,440		904

	Held-to-maturity:
	U.S. Government and government-sponsored securities			1,004				1				3,229				27		4,233		28
	U.S. Government-sponsored and guaranteed mortgage-backed securities			31,059				103				46,612				935		77,671		1,038
	Total temporarily impaired held-to-maturity			32,063				104				49,841				962		81,904		1,066

	Other-than-temporarily impaired debt securities: (1)
	Non-agency mortgage-backed securities			-				-				3,301				382		3,301		382
	Total temporarily impaired and other-than-temporarily impaired securities		$	34,433			$	105			$	63,212			$	2,247	$	97,645	$	2,352

	June 30, 2013:

	Available-for-sale:
	Corporate bonds and other securities		$	-			$	-			$	4,873			$	1,126	$	4,873	$	1,126
	U.S. Government and government-sponsored securities			961				39				-				-		961		39
	U.S. Government-sponsored and guaranteed mortgage-backed securities			3,004				77				1,449				12		4,453		89
	Total temporarily impaired available-for-sale securities			3,965				116				6,322				1,138		10,287		1,254

	Held-to-maturity:
	U.S. Government and government-sponsored securities			3,183				76				-				-		3,183		76
	U.S. Government-sponsored and guaranteed mortgage-backed securities			68,663				1,731				-				-		68,663		1,731
	Total temporarily impaired held-to-maturity			71,846				1,807				-				-		71,846		1,807

	Other-than-temporarily impaired debt securities: (1)
	Non-agency mortgage-backed securities			2,525				190				1,958				285		4,483		475
	Total temporarily impaired and other-than-temporarily impaired securities		$	78,336			$	2,113			$	8,280			$	1,423	$	86,616	$	3,536

		(1)	Includes other-than-temporary impaired available-for-sale debt securities in which a portion of the other-than-temporary impairment loss remains in accumulated other comprehensive loss.
Schedule of other-than-temporary impairment losses on securities	'

			Non-Agency Mortgage-
			Backed
			Securities
			(In thousands)
	June 30, 2014:
	Total other-than-temporary impairment losses		$	231
	Less: unrealized other-than-temporary losses recognized in accumulated other comprehensive loss (1)			221

	Net impairment losses recognized in earnings (2)		$	10

	June 30, 2013:
	Total other-than-temporary impairment losses		$	780
	Less: unrealized other-than-temporary losses recognized in accumulated other comprehensive loss (1)			318

	Net impairment losses recognized in earnings (2)		$	462

		(1) Represents the non-credit component of the other-than-temporary impairment.

		(2) Represents the credit component of the other-than-temporary impairment.
Schedule of the amount of credit losses on debt securities for which a portion of an other-than-temporary impairment was recognized in other comprehensive income	'

	Balance as of June 30, 2012		$	15,271

	Credit losses on securities for which other-than-temporary impairment was not previously recorded			-
	Additional credit losses on securities for which an other-than-temporary impairment charge was previously recorded			462
	Reductions for securities sold during the period			-

	Balance as of June 30, 2013			15,733

	Credit losses on securities for which other-than-temporary impairment was not previously recorded			-
	Additional credit losses on securities for which an other-than-temporary impairment charge was previously recorded			10
	Reductions for securities sold during the period			-

	Balance as of June 30, 2014		$	15,743
Schedule of significant assumptions used in the valuation of non-agency mortgage-backed securities	'

			Weighted				Range
			Average				Minimum				Maximum

	Prepayment rates			14.6	%			6.9	%			30.6	%
	Default rates			17.7	%			4.1	%			25.5	%
	Loss severity			22.7	%			10	%			28.1	%

LOANS_Tables

LOANS (Tables)	12 Months Ended
LOANS (Tables)	Jun. 30, 2014
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]	'
Schedule of composition of loan portfolio	'

			2014			2013
			(In thousands)
	Real estate:
	Residential (1)		$	184,380		$	187,116
	Commercial			43,887			43,423
	Residential construction			2,661			2,775
	Commercial			1,904			1,980
	Consumer and other			627			707

	Total loans			233,459			236,001

	Unadvanced construction loans			(1,658	)		(1,745	)
				231,801			234,256

	Net deferred loan costs			705			608
	Allowance for loan losses			(2,380	)		(2,693	)

	Loans, net		$	230,126		$	232,171

		-1	Residential real estate loans include one-to four-family mortgage loans, second mortgage loans, and home equity lines of credit.
Schedule of the allowance for loan losses by portfolio segment	'

			Residential			Commercial			Residential						Consumer
			Real Estate			Real Estate			Construction			Commercial			and Other			Unallocated		Total
			(In thousands)
	Year Ended June 30, 2014

	Allowance for loan losses:
	Beginning balance		$	1,201		$	1,315		$	22		$	17		$	36		$	102	$	2,693
	Charge-offs			(200	)		(199	)		-			-			(52	)		-		(451	)
	Recoveries			37			-			5			14			27			-		83
	Provision (credit)			241			(209	)		(14	)		(19	)		13			43		55

	Ending balance		$	1,279		$	907		$	13		$	12		$	24		$	145	$	2,380

	At June 30, 2014

	Ending balance: Amount of allowance for loan losses for impaired loans		$	104		$	104		$	-		$	-		$	-		$	-	$	208
	Ending balance: Amount of allowance for loan losses for non-impaired loans		$	1,175		$	803		$	13		$	12		$	24		$	145	$	2,172

	Loans: Ending balance		$	184,380		$	43,315		$	1,575		$	1,904		$	627		$	-	$	231,801	-1

	Ending balance: Impaired loans		$	3,752		$	4,387		$	-		$	397		$	-		$	-	$	8,536

	Ending balance: Non-impaired loans		$	180,628		$	38,928		$	1,575		$	1,507		$	627		$	-	$	223,265

	(1) Does not include deferred fees or costs.

			Residential			Commercial			Residential						Consumer
			Real Estate			Real Estate			Construction			Commercial			and Other			Unallocated		Total
			(In thousands)
	Year Ended June 30, 2013

	Allowance for loan losses:
	Beginning balance		$	1,485		$	1,347		$	20		$	17		$	37		$	7	$	2,913
	Charge-offs			(307	)		(806	)		(9	)		-			(56	)		-		(1,178	)
	Recoveries			77			84			5			4			18			-		188
	Provision (credit)			(54	)		690			6			(4	)		37			95		770

	Ending balance		$	1,201		$	1,315		$	22		$	17		$	36		$	102	$	2,693

	At June 30, 2013

	Ending balance: Amount of allowance for loan losses for impaired loans		$	156		$	2		$	-		$	-		$	-		$	-	$	158
	Ending balance: Amount of allowance for loan losses for non-impaired loans		$	1,045		$	1,313		$	22		$	17		$	36		$	102	$	2,535

	Loans: Ending balance		$	187,116		$	42,747		$	1,706		$	1,980		$	707		$	-	$	234,256	-1

	Ending balance: Impaired loans		$	4,012		$	3,477		$	-		$	-		$	17		$	-	$	7,506

	Ending balance: Non-impaired loans		$	183,104		$	39,270		$	1,706		$	1,980		$	690		$	-	$	226,750

	(1) Does not include deferred fees or costs.
Schedule of the company's loans by risk rating	'

			Residential			Commercial			Residential						Consumer
			Real Estate			Real Estate			Construction			Commercial			and Other			Total
			(In thousands)
	30-Jun-14

	Grade:
	Pass		$	180,080		$	33,034		$	1,575		$	1,459		$	627		$	216,775
	Special Mention			175			2,065			-			-			-			2,240
	Substandard			4,125			6,553			-			445			-			11,123
	Doubtful			-			1,663			-			-			-			1,663
	Loss			-			-			-			-			-			-

	Total		$	184,380		$	43,315		$	1,575		$	1,904		$	627		$	231,801





			Residential			Commercial			Residential						Consumer
			Real Estate			Real Estate			Construction			Commercial			and Other			Total
			(In thousands)
	30-Jun-13

	Grade:
	Pass		$	183,403		$	30,477		$	1,706		$	1,667		$	707		$	217,960
	Special Mention			329			4,784			-			233			-			5,346
	Substandard			2,968			5,598			-			80			-			8,646
	Doubtful			416			1,888			-			-			-			2,304
	Loss			-			-			-			-			-			-

	Total		$	187,116		$	42,747		$	1,706		$	1,980		$	707		$	234,256
Schedule of the summary of past due and non-accrual loans	'
									90 days
			30–59 Days			60–89 Days			or Greater			Total			Total
			Past Due			Past Due			Past Due			Past Due			Non-accrual
			(In thousands)
	2014

	Real estate:
	Residential		$	357		$	571		$	1,497		$	2,425		$	3,977
	Commercial			-			383			2,208			2,591			3,051
	Commercial			-			-			-			-			28
	Consumer and other			6			-			-			6			-

	Total		$	363		$	954		$	3,705		$	5,022		$	7,056


	2013

	Real estate:
	Residential		$	447		$	195		$	1,844		$	2,486		$	2,865
	Commercial			-			-			2,876			2,876			3,365
	Commercial			9			-			-			9			-
	Consumer and other			4			-			-			4			-

	Total		$	460		$	195		$	4,720		$	5,375		$	6,230
Schedule of information pertaining to impaired loans	'

			At June 30, 2014									Year Ended June 30, 2014
																		Interest
						Unpaid						Average			Interest			Income
			Recorded			Principal			Related			Recorded			Income			Recognized
			Investment			Balance			Allowance			Investment			Recognized			on Cash Basis
			(In thousands)
	Impaired loans without a valuation allowance:
	Real estate:
	Residential		$	2,101		$	2,229					$	1,909		$	25		$	6
	Commercial			3,646			4,122						3,054			44			38
	Commercial			397			397						85			-			-
	Consumer and other			-			-						7			1			-

	Total		$	6,144		$	6,748					$	5,055		$	70		$	44

	Impaired loans with a valuation allowance:
	Real estate:
	Residential		$	1,651		$	1,711		$	104		$	1,682		$	34		$	9
	Commercial			741			804			104			532			2			2

	Total		$	2,392		$	2,515		$	208		$	2,214		$	36		$	11

	Total impaired loans:
	Real estate:
	Residential		$	3,752		$	3,940		$	104		$	3,591		$	59		$	15
	Commercial			4,387			4,926			104			3,586			46			40
	Commercial			397			397			-			85			-			-
	Consumer and other			-			-			-			7			1			-

	Total		$	8,536		$	9,263		$	208		$	7,269		$	106		$	55

			At June 30, 2013									Year Ended June 30, 2013
																		Interest
						Unpaid						Average			Interest			Income
			Recorded			Principal			Related			Recorded			Income			Recognized
			Investment			Balance			Allowance			Investment			Recognized			on Cash Basis
			(In thousands)

	Impaired loans without a valuation allowance:
	Real estate:
	Residential		$	1,497		$	1,630					$	1,736		$	50		$	33
	Commercial			3,297			3,800						5,402			146			23
	Residential construction			-			-						256			-			-
	Consumer and other			17			17						22			1			-

	Total		$	4,811		$	5,447					$	7,416		$	197		$	56

	Impaired loans with a valuation allowance:
	Real estate:
	Residential		$	2,515		$	2,663		$	156		$	2,827		$	56		$	28
	Commercial			180			180			2			173			-			-

	Total		$	2,695		$	2,843		$	158		$	3,000		$	56		$	28

	Total impaired loans:
	Real estate:
	Residential		$	4,012		$	4,293		$	156		$	4,563		$	106		$	61
	Commercial			3,477			3,980			2			5,575			146			23
	Residential construction			-			-			-			256			-			-
	Consumer and other			17			17			-			22			1			-

	Total		$	7,506		$	8,290		$	158		$	10,416		$	253		$	84
Schedule of modifications that were deemed to be troubled debt restructures	'


						Pre-Modification			Post-Modification
						Outstanding			Outstanding
			Number of			Recorded			Recorded
			Contracts			Investment			Investment
			(Dollars in thousands)
	Year ended June 30, 2014:
	Real estate:
	Residential			1		$	38		$	39
	Commercial			1			198			210

	Year ended June 30, 2013:
	Real estate:
	Residential			1		$	207		$	207
Schedule of the summary of troubled debt restructurings that have subsequently defaulted within one year of modification	'

			Number of			Recorded
			Contracts			Investment
			(Dollars in thousands)
	Year ended June 30, 2014:
	Real estate:
	Residential			1		$	201

	Year ended June 30, 2013:
	Real estate:
	Residential			1		$	495

PREMISES_AND_EQUIPMENT_Tables

PREMISES AND EQUIPMENT (Tables)	12 Months Ended
PREMISES AND EQUIPMENT (Tables)	Jun. 30, 2014
Property, Plant and Equipment [Abstract]	'
Schedule of summary of premises and equipment	'

		2014			2013
		(In thousands)

	Land	$	470		$	470
	Buildings and leasehold improvements		6,283			6,285
	Equipment		2,772			2,745
			9,525			9,500
	Accumulated depreciation and amortization		(5,488	)		(5,263	)

	Premises and equipment, net	$	4,037		$	4,237

DEPOSITS_Tables

DEPOSITS (Tables)	12 Months Ended
DEPOSITS (Tables)	Jun. 30, 2014
Deposit Liabilities [Abstract]	'
Schedule of the balances of deposit accounts	'
		2014		2013
		(In thousands)
	Demand deposits	$	53,021	$	44,231
	NOW accounts		86,636		92,823
	Regular savings		63,993		59,467
	Money market accounts		18,047		14,402
	Club accounts		260		247
			221,957		211,170

	Certificate accounts maturing in the years ending June 30:
	2014		-		67,146
	2015		59,532		23,044
	2016		21,101		18,184
	2017		21,030		14,752
	2018		8,329		6,989
	2019		15,307		-
			125,299		130,115

	Total deposits	$	347,256	$	341,285

BORROWED_FUNDS_Tables

BORROWED FUNDS (Tables)	12 Months Ended
BORROWED FUNDS (Tables)	Jun. 30, 2014
Debt Disclosure [Abstract]	'
Schedule of the borrowed funds	'

		2014					2013
		Amount Due		Weighted Average Rate			Amount Due		Weighted Average Rate
		(Dollars in thousands)
	Short-term borrowings:
	Securities sold under agreements to repurchase	$	4,181		0.18	%	$	4,849		0.16	%

	Long-term FHLB of Boston (FHLB) advances
	Year of maturity:
	2014		-		-			2,500		2.86
	2015		1,000		3.35			1,000		3.35
	2016		10,000		3.17			10,000		3.17
	2017*		14,500		3.42			12,000		3.89
	2018*		28,000		2.34			28,000		2.34
	Total		53,500		2.81			53,500		2.89

	Total borrowed funds	$	57,681		2.6	%	$	58,349		2.66	%

	*Includes $18,000,000 of advances callable by the FHLB of Boston in 2015.

INCOME_TAXES_Tables

INCOME TAXES (Tables)	12 Months Ended
INCOME TAXES (Tables)	Jun. 30, 2014
Income Tax Disclosure [Abstract]	'
Schedule of the components of income tax expense (benefit)	'


		2014			2013
		(In thousands)
	Current:
	Federal	$	57		$	(434	)
	State		1			1
	Total current		58			(433	)
	Deferred:
	Federal		94			738
	State		-			-
	Total deferred		94			738

	Income tax expense	$	152		$	305

Schedule of the summary of differences between the statutory federal income tax rate and the effective tax rates	'

		2014			2013
		(In thousands)

	Federal income tax at statutory rates	$	393		$	558
	Increase (decrease) in tax resulting from:
	State taxes, net of federal benefit		1			1
	Dividends received deduction		(111	)		(112	)
	Bank-owned life insurance		(99	)		(166	)
	Tax-exempt municipal income, net		(1	)		(2	)
	Other, net		(31	)		26

	Income tax expense	$	152		$	305

	Effective tax rates		13.2	%		18.6	%
Schedule of gross deferred tax assets and gross deferred tax liabilities	'

		2014			2013
		(In thousands)
	Deferred tax assets:
	Allowance for loan losses	$	668		$	840
	Net unrealized holding loss on available-for-sale securities		125			272
	Deferred compensation		167			162
	Stock-based compensation		78			79
	Impairment losses on securities available-for-sale		859			859
	Accrued expenses		177			157
	Post retirement benefits		59			55
	Interest receivable on non-accrual loans		64			61
	Federal carryovers		1,818			1,594
	Other		98			56
	Gross deferred tax asset		4,113			4,135

	Deferred tax liabilities:
	Depreciation and amortization		(1,181	)		(1,025	)
	Deferred loan costs		(239	)		(207	)
	Other		(32	)		-
	Gross deferred tax liability		(1,452	)		(1,232	)

	Net deferred tax asset	$	2,661		$	2,903

OTHER_COMMITMENTS_AND_CONTINGE1

OTHER COMMITMENTS AND CONTINGENT LIABILITIES (Tables)	12 Months Ended
OTHER COMMITMENTS AND CONTINGENT LIABILITIES (Tables)	Jun. 30, 2014
Commitments and Contingencies Disclosure [Abstract]	'
Schedule of the total minimum rental due in future periods under the existing agreements	'

		Rental
		Expense Due
		(In thousands)

	2015	$	151
	2016		151
	2017		108
	2018		99
	2019		99
	Thereafter		47

	Total	$	655

FAIR_VALUE_MEASUREMENTS_Tables

FAIR VALUE MEASUREMENTS (Tables)	12 Months Ended
FAIR VALUE MEASUREMENTS (Tables)	Jun. 30, 2014
Fair Value Disclosures [Abstract]	'
Schedule of summary of assets measured at fair value on a recurring basis	'

		Fair Value Measurements at Reporting Date Using:
		Total		Level 1		Level 2		Level 3
		(In thousands)
	30-Jun-14

	Securities available-for-sale:
	U. S. Government and government-sponsored securities	$	976	$	-	$	976	$	-
	Corporate bonds and other securities		5,163		-		5,163		-
	U.S. Government-sponsored and guaranteed mortgage-backed securities		25,262		-		25,262		-
	Non-agency mortgage-backed securities		6,680		-		6,680		-
	Equity securities		10,000		-		-		10,000

	Total	$	48,081	$	-	$	38,081	$	10,000


	30-Jun-13

	Securities available-for-sale:
	U. S. Government and government-sponsored securities	$	961	$	-	$	961	$	-
	Corporate bonds and other securities		4,873		-		4,873		-
	U.S. Government-sponsored and guaranteed mortgage-backed securities		15,065		-		15,065		-
	Non-agency mortgage-backed securities		7,551		-		7,551		-
	Equity securities		10,000		-		-		10,000

	Total	$	38,450	$	-	$	28,450	$	10,000
Schedule of the changes in level 3 assets measured at fair value	'
		Auction Rate Trust
		Preferred Securities
		(In thousands)

	Beginning balance, July 1, 2012	$	9,636

	Total gains or losses (realized/unrealized) included in earnings		-
	Total unrealized gains included in other comprehensive income		364

	Ending balance, June 30, 2013		10,000

	Total gains or losses (realized/unrealized) included in earnings		-
	Total unrealized gains included in other comprehensive income		-

	Ending balance, June 30, 2014	$	10,000
Schedule of assets measured at fair value on a non-recurring basis and the adjustments to the carrying value	'
										Total Losses
										for the
		Fair Value Measurements at Reporting Date Using:								Year Ended
		Total		Level 1		Level 2		Level 3		30-Jun-14
		(In thousands)
	30-Jun-14
	Impaired loans	$	548	$	-	$	-	$	548	$	230
	Other real estate owned		869		-		-		869		189
		$	1,417	$	-	$	-	$	1,417	$	419





										Total Losses
										for the
		Fair Value Measurements at Reporting Date Using:								Year Ended
		Total		Level 1		Level 2		Level 3		30-Jun-13
		(In thousands)
	30-Jun-13
	Impaired loans	$	1,577	$	-	$	-	$	1,577	$	206
	Other real estate owned		290		-		-		290		48

		$	1,867	$	-	$	-	$	1,867	$	254
Schedule of estimated fair value of financial instruments which are held or issued for purposes other than trading	'

		2014
		Carrying		Level 1		Level 2		Level 3		Fair Value
		Amount		Level 1		Level 2		Level 3		Fair Value
		(In thousands)
	Financial assets:
	Cash and cash equivalents	$	7,335	$	7,335	$	-	$	-	$	7,335
	Available-for-sale securities		48,081		-		38,081		10,000		48,081
	Held-to-maturity securities		142,176		-		143,257		-		143,257
	Federal Home Loan Bank Stock		5,927		-		-		5,927		5,927
	Loans held-for-sale		100		-		-		101		101
	Loans, net		230,126		-		-		231,986		231,986
	Accrued interest receivable		1,018		-		-		1,018		1,018

	Financial liabilities:
	Deposits		347,256		-		-		349,235		349,235
	Mortgagors’ escrow accounts		2,267		-		-		2,267		2,267
	Federal Home Loan Bank advances		53,500		-		55,196		-		55,196
	Securities sold under agreements to repurchase		4,181		-		4,181		-		4,181
	Accrued interest payable		124		-		-		124		124

		2013
		Carrying		Level 1		Level 2		Level 3		Fair Value
		Amount		Level 1		Level 2		Level 3		Fair Value
		(In thousands)

	Financial assets:
	Cash and cash equivalents	$	12,793	$	12,793	$	-	$	-	$	12,793
	Available-for-sale securities		38,450		-		28,450		10,000		38,450
	Held-to-maturity securities		134,989		-		135,418		-		135,418
	Federal Home Loan Bank Stock		6,953		-		-		6,953		6,953
	Loans held-for-sale		1,037		-		-		1,006		1,006
	Loans, net		232,171		-		-		234,923		234,923
	Accrued interest receivable		1,013		-		-		1,013		1,013

	Financial liabilities:
	Deposits		341,285		-		-		343,492		343,492
	Mortgagors’ escrow accounts		2,120		-		-		2,120		2,120
	Federal Home Loan Bank advances		53,500		-		55,260		-		55,260
	Securities sold under agreements to repurchase		4,849		-		4,849		-		4,849
	Accrued interest payable		143		-		-		143		143

OFFBALANCE_SHEET_FINANCIAL_INS1

OFF-BALANCE SHEET FINANCIAL INSTRUMENTS (Tables)	12 Months Ended
OFF-BALANCE SHEET FINANCIAL INSTRUMENTS (Tables)	Jun. 30, 2014
Off Balance Sheet Financial Instruments [Abstract]	'
Schedule of notional amounts of commitments with off-balance-sheet credit risk	'
		2014		2013
		(In thousands)

	Commitments to originate loans	$	2,867	$	3,537
	Unadvanced portions of loans:
	Construction loans		1,658		1,745
	Lines of credit		12,217		11,912
	Letters of credit		488		746

	Outstanding commitments	$	17,230	$	17,940

REGULATORY_MATTERS_Tables

REGULATORY MATTERS (Tables)	12 Months Ended
REGULATORY MATTERS (Tables)	Jun. 30, 2014
Regulatory Matters [Abstract]	'
Schedule of Bank's actual capital amounts and ratios	'

		Actual						For Capital					To Be Well Capitalized
								Adequacy Purposes					Under Prompt
													Corrective Action
													Provisions
		Amount			Ratio			Amount		Ratio			Amount		Ratio
		(In thousands)
	As of June 30, 2014:
	Tangible Equity Capital (to Tangible Assets)	$	40,093			8.87	%	$	6,781		1.5	%		N/A		N/A
	Tier 1 Capital (to Adjusted Total Assets)		40,093			8.87			18,083		4			22,604		5	%
	Tier 1 Capital (to Risk-Weighted Assets)		40,093			17.62			9,099		4			13,649		6
	Total Capital (to Risk-Weighted Assets)		42,494			18.68			18,199		8			22,749		10

	As of June 30, 2013:
	Tangible Equity Capital (to Tangible Assets)	$	38,786			8.7	%	$	6,687		1.5	%		N/A		N/A
	Tier 1 Capital (to Adjusted Total Assets)		38,786			8.7			17,831		4			22,288		5	%
	Tier 1 Capital (to Risk-Weighted Assets)		38,786			17			9,126		4			13,689		6
	Total Capital (to Risk-Weighted Assets)		41,500			18.19			18,252		8			22,814		10
Schedule of reconciliation of the Company's total consolidated equity to the capital amounts for the Bank reflected	'
		June 30,
		2014			2013
		(In thousands)

	Total consolidated equity	$	51,451		$	50,081
	Adjustments:
	Equity capital of PSB Holdings, Inc.		(4,052	)		(4,048	)
	Intangible assets		(5,791	)		(6,026	)
	Disallowed servicing assets		(9	)		-
	Disallowed deferred tax assets		(1,731	)		(1,724	)
	Unrealized losses on available-for-sale securities		225			503
	Tier 1 Capital		40,093			38,786
	Allowance for loan losses and off-balance sheet reserves		2,401			2,714

	Total Risk-Based capital	$	42,494		$	41,500

BENEFIT_PLANS_Tables

BENEFIT PLANS (Tables)	12 Months Ended
BENEFIT PLANS (Tables)	Jun. 30, 2014
Compensation and Retirement Disclosure [Abstract]	'
Schedule of summary of the status of the Incentive Plan	'
			2014								2013
							Weighted								Weighted
							Average								Average
			Number of				Exercise				Number of				Exercise
			Shares				Price				Shares				Price

	Options outstanding at beginning of year			222,921			$	10.62				222,921			$	10.62
	Granted			-				-				-				-
	Exercised			-				-				-				-
	Forfeited			(23,815	)		$	10.6				-				-

	Outstanding at end of year			199,106			$	10.62				222,921			$	10.62

	Options exercisable at end of year			199,106			$	10.62				222,921			$	10.62
Schedule of the information about stock options outstanding	'
	Options Outstanding																Options Exercisable
									Weighted-Average
	Weighted-Average				Number				Remaining				Aggregate				Number		Weighted-Average
	Exercise Price				Outstanding				Contractual Life				Intrinsic Value				Exercisable		Exercise Price

	$	10.60				170,106				1.36			$	-				170,106		$	10.6
		10.7				23,000				2.9				-				23,000			10.7
		10.78				6,000				1.94				-				6,000			10.78

ACCUMULATED_OTHER_COMPREHENSIV1

ACCUMULATED OTHER COMPREHENSIVE INCOME/LOSS (Tables)	12 Months Ended
ACCUMULATED OTHER COMPREHENSIVE INCOME/LOSS (Tables)	Jun. 30, 2014
Accumulated Other Comprehensive Income (Loss), Net Of Tax [Abstract]	'
Schedule of components of accumulated other comprehensive loss	'
		At June 30,
		2014			2013
		(In thousands)

	Net unrealized loss on securities available-for-sale	$	(362	)	$	(795	)
	Tax effect		125			272

	Accumulated other comprehensive loss	$	(237	)	$	(523	)

PARENT_COMPANY_ONLY_FINANCIAL_1

PARENT COMPANY ONLY FINANCIAL STATEMENTS (Tables)	12 Months Ended
PARENT COMPANY ONLY FINANCIAL STATEMENTS (Tables)	Jun. 30, 2014
Condensed Financial Information of Parent Company Only Disclosure [Abstract]	'
Schedule of balance sheets	'
		2014			2013

	ASSETS

	Cash and due from depository institutions	$	805		$	787
	Investment in Putnam Bank		47,399			46,033
	Investment in available-for-sale securities, at fair value		1,044			1,057
	Loan to ESOP		1,607			1,737
	Other assets		623			490

	Total assets	$	51,478		$	50,104

	LIABILITIES AND STOCKHOLDERS’ EQUITY

	Other liabilities	$	27		$	23
	Stockholders’ equity		51,451			50,081

	Total liabilities and stockholders’ equity	$	51,478		$	50,104
Schedule of statements of income	'
	Statements of Income

	For the Years Ended June 30, 2014 and 2013
	(In thousands)

		2014			2013

	Interest and dividends on investments	$	12		$	15
	Interest on ESOP loan		55			59
	Total interest and dividend income		67			74

	Other expense		224			225
	Loss before income tax benefit and equity in undistributed net income of subsidiary		(157	)		(151	)
	Income tax benefit		(72	)		(51	)

	Loss before equity in undistributed net income of subsidiary		(85	)		(100	)
	Equity in undistributed net income of subsidiary		1,088			1,437

	Net income	$	1,003		$	1,337
Schedule of statements of cash flows	'
	Statements of Cash Flows

	June 30, 2014 and 2013
	(In thousands)

		2014			2013

	Cash flows from operating activities:
	Net income
	Adjustments to reconcile net income to net cash used in operating activities:	$	1,003		$	1,337
	Amortization of securities, net		-			1
	Amortization of ESOP expense		81			66
	(Increase) decrease in other assets		(71	)		14
	Increase in due from subsidiary		(67	)		-
	Increase in other liabilities		4			2
	Undistributed net income of subsidiary		(1,088	)		(1,437	)
	Net cash used in operating activities		(138	)		(17	)

	Cash flows from investing activities:
	Purchase of available-for-sale securities		-			(1,000	)
	Proceeds from maturities of available-for-sale securities		26			69
	Proceeds from calls, maturities of held-to-maturity securities		-			1,000
	Principal payments received on loan to ESOP		130			126
	Net cash provided by investing activities		156			195

	Cash flows from financing activities:
	Shares issued		-			53
	Net cash provided by financing activities		-			53

	Net increase in cash and cash equivalents		18			231
	Cash and cash equivalents at beginning of year		787			556

	Cash and cash equivalents at end of year	$	805		$	787

NATURE_OF_OPERATIONS_Detail_Te

NATURE OF OPERATIONS (Detail Textuals)	Jun. 30, 2014	Jun. 30, 2013	Oct. 04, 2004	Oct. 04, 2004	Oct. 04, 2004	Oct. 04, 2004
NATURE OF OPERATIONS (Detail Textuals)	Jun. 30, 2014	Jun. 30, 2013	ESOP	Putnam Bancorp MHC	Eligible depositors and Putnam savings bank	Putnam Savings Foundation
Related Party Transaction [Line Items]	'	'	'	'	'	'
Common stock, shares issued	6,943,125	6,943,125	'	3,729,846	6,943,125	123,588
Percentage of common stock issued	'	'	'	53.72%	44.50%	4.00%
Number of shares of common stock purchased	'	'	257,062	'	'	'

SUMMARY_OF_SIGNIFICANT_ACCOUNT3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Computation of EPS on both basic and diluted basis (Details) (USD $)	12 Months Ended
In Thousands, except Share data, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013
Accounting Policies [Abstract]	'	'
Net income	$1,003	$1,337
Weighted average common shares applicable to basic EPS	6,402,597	6,384,712
Effect of dilutive potential common shares	'	'
Weighted average common shares applicable to diluted EPS	6,402,597	6,384,712
Earnings per share:	'	'
Basic (in dollars per share)	$0.16	$0.21
Diluted (in dollars per share)	$0.16	$0.21

SUMMARY_OF_SIGNIFICANT_ACCOUNT4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Detail Textuals) (USD $)	12 Months Ended
In Thousands, except Share data, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013
Accounting Policies [Abstract]	'	'
Cash and due from banks subject to withdrawals and usage restrictions	$425	$425
Number of options outstanding and excluded from computation of earnings per share	199,106	222,921
Period for dividends payable on common stock	'20 years	'

SUMMARY_OF_SIGNIFICANT_ACCOUNT5

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Detail Textuals 1)	12 Months Ended
	Jun. 30, 2014
Buildings and premises	'
Property, Plant and Equipment [Line Items]	'
Estimated lives	'5 to 40 years
Furniture, fixtures and equipment	'
Property, Plant and Equipment [Line Items]	'
Estimated lives	'3 to 20 years
Lease	'
Property, Plant and Equipment [Line Items]	'
Estimated lives	'1 to 25 years

INVESTMENT_SECURITIES_Carrying

INVESTMENT SECURITIES - Carrying value and estimated market values of investment securities (Details) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013
Available-for-sale:	'	'
Available-for-sale securities, amortized cost basis	$48,443	$39,245
Available-for-sale securities, gross unrealized gains	924	934
Available-for-sale Securities, gross unrealized (loss)	-1,286	-1,729
Total available-for-sale securities	48,081	38,450
Held-to-maturity:	'	'
Total held-to-maturity securities, amortized cost basis	142,176	134,989
Total held-to-maturity securities, gross unrealized gain	2,147	2,236
Total held-to-maturity securities gross unrealized (loss)	-1,066	-1,807
Held-to-maturity securities, fair value (in dollars)	143,257	135,418
Debt securities	'	'
Available-for-sale:	'	'
Total available-for-sale securities, amortized cost basis	38,443	29,245
Total available-for-sale securities, gross unrealized gain	924	934
Total available-for-sale securities, gross unrealized (loss)	-1,286	-1,729
Total available-for-sale securities, fair Value	38,081	28,450
Debt securities \| U.S. Government and government-sponsored securities	'	'
Available-for-sale:	'	'
Available-for-sale from five through ten years, amortized cost basis	1,000	1,000
Available-for-sale from five through ten years, gross unrealized gain	'	'
Available-for-sale from five through ten years, gross unrealized (loss)	-24	-39
Available-for-sale from five through ten years, fair value	976	961
Held-to-maturity:	'	'
Held-to-maturity from one through five years, amortized cost basis	5,262	5,259
Held-to-maturity from one through five years, gross unrealized gain	4	3
Held-to-maturity from one through five years, gross unrealized (loss)	-28	-76
Held-to-maturity from one through five years, fair value	5,238	5,186
Held-to-maturity from five through ten years, amortized cost basis	4,929	939
Held-to-maturity from five through ten years, gross unrealized gains	122	96
Held-to-maturity from five through ten years, gross unrealized (loss)	'	'
Held-to-maturity from five through ten years, fair value	5,051	1,035
Total held-to-maturity securities, amortized cost basis	10,191	6,198
Total held-to-maturity securities, gross unrealized gain	126	99
Total held-to-maturity securities gross unrealized (loss)	-28	-76
Held-to-maturity securities, fair value (in dollars)	10,289	6,221
Debt securities \| Corporate bonds and other securities	'	'
Available-for-sale:	'	'
Available-for-sale due after ten years, amortized cost basis	5,999	5,999
Available-for-sale due after ten years, gross unrealized gain	'	'
Available-for-sale due after ten years, gross unrealized (loss)	-836	-1,126
Available-for-sale due after ten years, fair value	5,163	4,873
Debt securities \| U.S. Government sponsored and guaranteed mortgage-backed securities	'	'
Available-for-sale:	'	'
Available-for-sale due within one year, amortized cost basis	'	21
Available-for-sale due within one year, gross unrealized gain	'	1
Available-for-sale due within one year, gross unrealized (loss)	'	'
Available-for-sale due within one year, fair value	'	22
Available-for-sale due in one through five years, amortized cost basis	684	1,217
Available-for-sale due in one through five years, gross unrealized gain	37	71
Available-for-sale due in one through five years, gross unrealized (loss)	'	'
Available-for-sale due in one through five years, fair value	721	1,288
Available-for-sale from five through ten years, amortized cost basis	11,593	143
Available-for-sale from five through ten years, gross unrealized gain	189	'
Available-for-sale from five through ten years, gross unrealized (loss)	'	'
Available-for-sale from five through ten years, fair value	11,782	143
Available-for-sale due after ten years, amortized cost basis	12,426	13,108
Available-for-sale due after ten years, gross unrealized gain	377	593
Available-for-sale due after ten years, gross unrealized (loss)	-44	-89
Available-for-sale due after ten years, fair value	12,759	13,612
Total available-for-sale securities, amortized cost basis	24,703	14,489
Total available-for-sale securities, gross unrealized gain	603	665
Total available-for-sale securities, gross unrealized (loss)	-44	-89
Total available-for-sale securities, fair Value	25,262	15,065
Held-to-maturity:	'	'
Held-to-maturity from five through ten years, amortized cost basis	4,445	4,652
Held-to-maturity from five through ten years, gross unrealized gains	190	133
Held-to-maturity from five through ten years, gross unrealized (loss)	'	'
Held-to-maturity from five through ten years, fair value	4,635	4,785
Held-to-maturity after ten years, amortized cost basis	127,540	124,139
Held-to-maturity after ten years gross unrealized gain	1,831	2,004
Held-to-maturity after ten years, gross unrealized (loss)	-1,038	-1,731
Held-to-maturity after ten years gross, fair value	128,333	124,412
Total held-to-maturity securities, amortized cost basis	131,985	128,791
Total held-to-maturity securities, gross unrealized gain	2,021	2,137
Total held-to-maturity securities gross unrealized (loss)	-1,038	-1,731
Held-to-maturity securities, fair value (in dollars)	132,968	129,197
Debt securities \| Non-agency mortgage-backed securities	'	'
Available-for-sale:	'	'
Available-for-sale due after ten years, amortized cost basis	6,741	7,757
Available-for-sale due after ten years, gross unrealized gain	321	269
Available-for-sale due after ten years, gross unrealized (loss)	-382	-475
Available-for-sale due after ten years, fair value	6,680	7,551
Equity securities \| Auction rate preferred	'	'
Available-for-sale:	'	'
Available-for-sale equity securities, amortized cost basis, due after 10 years	10,000	10,000
Available-for-sale equity securities, gross unrealized gains, due after 10 years	'	'
Available-for-sale equity securities, gross unrealized (loss), due after 10 years	'	'
Available-for-sale equity securities, fair value, due after 10 years	$10,000	$10,000

INVESTMENT_SECURITIES_Summary_

INVESTMENT SECURITIES - Summary of the estimated fair value and related unrealized losses segregated by category (Details 1) (USD $)	Jun. 30, 2014		Jun. 30, 2013
In Thousands, unless otherwise specified	Jun. 30, 2014		Jun. 30, 2013
Schedule Of Available-For-Sale Securities and Held-To-Maturity Securities [Line Items]	'		'
Temporarily impaired available-for-sale securities, less than 12 months fair value	$2,370		$3,965
Temporarily impaired available-for-sale securities, less than 12 months unrealized losses	1		116
Temporarily impaired available-for-sale securities, 12 months or more fair value	10,070		6,322
Temporarily impaired available-for-sale securities, 12 months or more unrealized losses	903		1,138
Temporarily impaired available-for-sale securities, fair value	12,440		10,287
Temporarily impaired available-for-sale securities, unrealized losses	904		1,254
Temporarily impaired available-for-sale securities, less than 12 months fair value	32,063		71,846
Temporarily impaired available-for-sale securities, less than 12 months unrealized losses	104		1,807
Temporarily impaired held-to-maturity, 12 months or more fair value	49,841		'
Temporarily impaired held-to-maturity, 12 months or more unrealized losses	962		'
Temporarily impaired held-to-maturity, fair value	81,904		71,846
Temporarily impaired held-to-maturity, unrealized losses	1,066		1,807
Temporarily-impaired and other-than-temporarily impaired securities, less than 12 months fair value	34,433		78,336
Temporarily-impaired and other-than-temporarily impaired securities, less than 12 months unrealized losses	105		2,113
Temporarily-impaired and other-than-temporarily impaired securities, 12 months or more fair value	63,212		8,280
Temporarily-impaired and other-than-temporarily impaired securities, 12 months or more unrealized losses	2,247		1,423
Temporarily impaired and other than temporary impaired debt securities, fair value	97,645		86,616
Temporarily impaired and other than temporary impaired debt securities, unrealized losses	2,352		3,536
Debt securities \| Corporate bonds and other securities	'		'
Schedule Of Available-For-Sale Securities and Held-To-Maturity Securities [Line Items]	'		'
Temporarily impaired available-for-sale securities, less than 12 months fair value	'		'
Temporarily impaired available-for-sale securities, less than 12 months unrealized losses	'		'
Temporarily impaired available-for-sale securities, 12 months or more fair value	5,163		4,873
Temporarily impaired available-for-sale securities, 12 months or more unrealized losses	836		1,126
Temporarily impaired available-for-sale securities, fair value	5,163		4,873
Temporarily impaired available-for-sale securities, unrealized losses	836		1,126
Debt securities \| U.S. Government and government-sponsored securities	'		'
Schedule Of Available-For-Sale Securities and Held-To-Maturity Securities [Line Items]	'		'
Temporarily impaired available-for-sale securities, less than 12 months fair value	'		961
Temporarily impaired available-for-sale securities, less than 12 months unrealized losses	'		39
Temporarily impaired available-for-sale securities, 12 months or more fair value	976		'
Temporarily impaired available-for-sale securities, 12 months or more unrealized losses	24		'
Temporarily impaired available-for-sale securities, fair value	976		961
Temporarily impaired available-for-sale securities, unrealized losses	24		39
Temporarily impaired available-for-sale securities, less than 12 months fair value	1,004		3,183
Temporarily impaired available-for-sale securities, less than 12 months unrealized losses	1		76
Temporarily impaired held-to-maturity, 12 months or more fair value	3,229		'
Temporarily impaired held-to-maturity, 12 months or more unrealized losses	27		'
Temporarily impaired held-to-maturity, fair value	4,233		3,183
Temporarily impaired held-to-maturity, unrealized losses	28		76
Debt securities \| U.S. Government-sponsored and guaranteed mortgage-backed securities	'		'
Schedule Of Available-For-Sale Securities and Held-To-Maturity Securities [Line Items]	'		'
Temporarily impaired available-for-sale securities, less than 12 months fair value	2,370		3,004
Temporarily impaired available-for-sale securities, less than 12 months unrealized losses	1		77
Temporarily impaired available-for-sale securities, 12 months or more fair value	3,931		1,449
Temporarily impaired available-for-sale securities, 12 months or more unrealized losses	43		12
Temporarily impaired available-for-sale securities, fair value	6,301		4,453
Temporarily impaired available-for-sale securities, unrealized losses	44		89
Temporarily impaired available-for-sale securities, less than 12 months fair value	31,059		68,663
Temporarily impaired available-for-sale securities, less than 12 months unrealized losses	103		1,731
Temporarily impaired held-to-maturity, 12 months or more fair value	46,612		'
Temporarily impaired held-to-maturity, 12 months or more unrealized losses	935		'
Temporarily impaired held-to-maturity, fair value	77,671		68,663
Temporarily impaired held-to-maturity, unrealized losses	1,038		1,731
Debt securities \| Non-agency mortgage-backed securities	'		'
Schedule Of Available-For-Sale Securities and Held-To-Maturity Securities [Line Items]	'		'
Other-than-temporarily impaired debt securities, less than 12 months fair value	'	[1]	2,525	[1]
Other-than-temporarily impaired debt securities, less than 12 months unrealized losses	'	[1]	190	[1]
Other-than-temporarily impaired debt securities, 12 months or more fair value	3,301	[1]	1,958	[1]
Other-than-temporarily impaired debt securities, 12 months or more unrealized losses	382	[1]	285	[1]
Other than temporary impaired debt securities, fair value	3,301	[1]	4,483	[1]
Other than temporary impaired debt securities, unrealized losses	$382	[1]	$475	[1]

[1]	Includes other-than-temporary impaired available-for-sale debt securities in which a portion of the other-than-temporary impairment loss remains in accumulated other comprehensive loss.

INVESTMENT_SECURITIES_Summary_1

INVESTMENT SECURITIES - Summary of aggregate fair value and unrealized losses of securities that have been in continuous unrealized loss position for less than twelve months and for twelve months or more (Details 2) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014		Jun. 30, 2013
Schedule Of Available For Sale Securities and Held To Maturity Securities [Line Items]	'		'
Total other-than-temporary impairment losses	$231		$780
Less: unrealized other-than-temporary losses recognized in accumulated other comprehensive loss	221		318
Net impairment losses recognized in earnings	10		462
Non-agency mortgage-backed securities	'		'
Schedule Of Available For Sale Securities and Held To Maturity Securities [Line Items]	'		'
Total other-than-temporary impairment losses	231		780
Less: unrealized other-than-temporary losses recognized in accumulated other comprehensive loss	221	[1]	318	[1]
Net impairment losses recognized in earnings	$10	[2]	$462	[2]

[1]	Represents the non-credit component of the other-than-temporary impairment.
[2]	Represents the credit component of the other-than-temporary impairment.

INVESTMENT_SECURITIES_Amount_o

INVESTMENT SECURITIES - Amount of credit losses on debt securities for which portion of other-than-temporary impairment was recognized in other comprehensive income (Details 3) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Roll Forward]	'	'
Balance	$15,733	$15,271
Credit losses on securities for which other-than-temporary impairment was not previously recorded	'	'
Additional credit losses on securities for which an other-than-temporary impairment charge was previously recorded	10	462
Reductions for securities sold during the period	'	'
Balance	$15,743	$15,733

INVESTMENT_SECURITIES_Summary_2

INVESTMENT SECURITIES - Summary of significant assumptions used in valuation of non-agency mortgage-backed securities (Details 4)	12 Months Ended
	Jun. 30, 2014
Weighted Average	'
Schedule Of Available-For-Sale Securities and Held-To-Maturity Securities [Line Items]	'
Prepayment rates	14.60%
Default rates	17.70%
Loss severity	22.70%
Minimum	'
Schedule Of Available-For-Sale Securities and Held-To-Maturity Securities [Line Items]	'
Prepayment rates	6.90%
Default rates	4.10%
Loss severity	10.00%
Maximum	'
Schedule Of Available-For-Sale Securities and Held-To-Maturity Securities [Line Items]	'
Prepayment rates	30.60%
Default rates	25.50%
Loss severity	28.10%

INVESTMENT_SECURITIES_Detail_T

INVESTMENT SECURITIES (Detail Textuals) (USD $)	12 Months Ended		12 Months Ended
	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2014	Jun. 30, 2014
			Debt securities	Debt securities
			U.S. government-sponsored and guaranteed securities	Corporate bonds and other securities
			Security	Security
Schedule Of Available-For-Sale Securities and Held-To-Maturity Securities [Line Items]	'	'	'	'
Proceeds from sales of securities available-for-sale	$3,680,000	'	'	'
Gross realized gains on sales and calls	206,000	'	'	'
Gross realized losses on sales and calls	0	'	'	'
Total carrying value of securities pledged as collateral secure public deposits, the Federal Reserve Bank discount window, borrowings and repurchase agreements	$100,136,000	$116,525,000	'	'
Number of available for sale securities with unrealized losses	'	'	46	5
Percentage of amortized cost basis as aggregate depreciation of investment securities	'	'	1.30%	13.90%

LOANS_Summary_of_loans_Details

LOANS - Summary of loans (Details) (USD $)	Jun. 30, 2014		Jun. 30, 2013
In Thousands, unless otherwise specified	Jun. 30, 2014		Jun. 30, 2013
Accounts, Notes, Loans and Financing Receivable [Line Items]	'		'
Allowance for loan losses	($2,380)		($2,693)
Loans, net	230,126		232,171
Loans receivables	'		'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'		'
Total loans	233,459		236,001
Unadvanced construction loans	-1,658		-1,745
Total loans after unadvanced construction loans	231,801		234,256	[1]
Net deferred loan costs	705		608
Allowance for loan losses	-2,380		-2,693
Loans, net	230,126		232,171
Loans receivables \| Residential	'		'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'		'
Total loans	184,380	[2]	187,116	[2]
Total loans after unadvanced construction loans	184,380	[1]	187,116	[1]
Loans receivables \| Commercial Real Estate	'		'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'		'
Total loans	43,887		43,423
Total loans after unadvanced construction loans	43,315	[1]	42,747	[1]
Loans receivables \| Residential Construction	'		'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'		'
Total loans	2,661		2,775
Total loans after unadvanced construction loans	1,575	[1]	1,706	[1]
Loans receivables \| Commercial	'		'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'		'
Total loans	1,904		1,980
Total loans after unadvanced construction loans	1,904	[1]	1,980	[1]
Loans receivables \| Consumer and other	'		'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'		'
Total loans	627		707
Total loans after unadvanced construction loans	$627	[1]	$707	[1]

[1]	Does not include deferred fees or costs.
[2]	Residential real estate loans include one-to four-family mortgage loans, second mortgage loans, and home equity lines of credit.

LOANS_Summary_of_allowance_for

LOANS - Summary of allowance for loan losses by portfolio segment (Details 1) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014		Jun. 30, 2013
Financing Receivable, Allowance for Credit Losses [Roll Forward]	'		'
Provision (credit)	$55		$770
Loans receivables	'		'
Financing Receivable, Allowance for Credit Losses [Roll Forward]	'		'
Beginning balance	2,693		2,913
Charge-offs	-451		-1,178
Recoveries	83		188
Provision (credit)	55		770
Ending balance	2,380		2,693
Loans: Ending balance	231,801		234,256	[1]
Loans receivables \| Residential Real Estate	'		'
Financing Receivable, Allowance for Credit Losses [Roll Forward]	'		'
Beginning balance	1,201		1,485
Charge-offs	-200		-307
Recoveries	37		77
Provision (credit)	241		-54
Ending balance	1,279		1,201
Loans: Ending balance	184,380	[1]	187,116	[1]
Loans receivables \| Commercial Real Estate	'		'
Financing Receivable, Allowance for Credit Losses [Roll Forward]	'		'
Beginning balance	1,315		1,347
Charge-offs	-199		-806
Recoveries	'		84
Provision (credit)	-209		690
Ending balance	907		1,315
Loans: Ending balance	43,315	[1]	42,747	[1]
Loans receivables \| Residential Construction	'		'
Financing Receivable, Allowance for Credit Losses [Roll Forward]	'		'
Beginning balance	22		20
Charge-offs	'		-9
Recoveries	5		5
Provision (credit)	-14		6
Ending balance	13		22
Loans: Ending balance	1,575	[1]	1,706	[1]
Loans receivables \| Commercial	'		'
Financing Receivable, Allowance for Credit Losses [Roll Forward]	'		'
Beginning balance	17		17
Charge-offs	'		'
Recoveries	14		4
Provision (credit)	-19		-4
Ending balance	12		17
Loans: Ending balance	1,904	[1]	1,980	[1]
Loans receivables \| Consumer and other	'		'
Financing Receivable, Allowance for Credit Losses [Roll Forward]	'		'
Beginning balance	36		37
Charge-offs	-52		-56
Recoveries	27		18
Provision (credit)	13		37
Ending balance	24		36
Loans: Ending balance	627	[1]	707	[1]
Loans receivables \| Unallocated	'		'
Financing Receivable, Allowance for Credit Losses [Roll Forward]	'		'
Beginning balance	102		7
Charge-offs	'		'
Recoveries	'		'
Provision (credit)	43		95
Ending balance	145		102
Loans: Ending balance	'	[1]	'	[1]
Impaired loan receivables	'		'
Financing Receivable, Allowance for Credit Losses [Roll Forward]	'		'
Ending balance: Amount of allowance for loan losses for impaired loans	208		158
Ending balance: Impaired loans	8,536		7,506
Impaired loan receivables \| Residential Real Estate	'		'
Financing Receivable, Allowance for Credit Losses [Roll Forward]	'		'
Ending balance: Amount of allowance for loan losses for impaired loans	104		156
Ending balance: Impaired loans	3,752		4,012
Impaired loan receivables \| Commercial Real Estate	'		'
Financing Receivable, Allowance for Credit Losses [Roll Forward]	'		'
Ending balance: Amount of allowance for loan losses for impaired loans	104		2
Ending balance: Impaired loans	4,387		3,477
Impaired loan receivables \| Residential Construction	'		'
Financing Receivable, Allowance for Credit Losses [Roll Forward]	'		'
Ending balance: Amount of allowance for loan losses for impaired loans	'		'
Ending balance: Impaired loans	'		'
Impaired loan receivables \| Commercial	'		'
Financing Receivable, Allowance for Credit Losses [Roll Forward]	'		'
Ending balance: Amount of allowance for loan losses for impaired loans	'		'
Ending balance: Impaired loans	397		'
Impaired loan receivables \| Consumer and other	'		'
Financing Receivable, Allowance for Credit Losses [Roll Forward]	'		'
Ending balance: Amount of allowance for loan losses for impaired loans	'		'
Ending balance: Impaired loans	'		17
Impaired loan receivables \| Unallocated	'		'
Financing Receivable, Allowance for Credit Losses [Roll Forward]	'		'
Ending balance: Amount of allowance for loan losses for impaired loans	'		'
Ending balance: Impaired loans	'		'
Non-impaired loan receivables	'		'
Financing Receivable, Allowance for Credit Losses [Roll Forward]	'		'
Ending balance: Amount of allowance for loan losses for non-impaired loans	2,172		2,535
Ending balance: Non-impaired loans	223,265		226,750
Non-impaired loan receivables \| Residential Real Estate	'		'
Financing Receivable, Allowance for Credit Losses [Roll Forward]	'		'
Ending balance: Amount of allowance for loan losses for non-impaired loans	1,175		1,045
Ending balance: Non-impaired loans	180,628		183,104
Non-impaired loan receivables \| Commercial Real Estate	'		'
Financing Receivable, Allowance for Credit Losses [Roll Forward]	'		'
Ending balance: Amount of allowance for loan losses for non-impaired loans	803		1,313
Ending balance: Non-impaired loans	38,928		39,270
Non-impaired loan receivables \| Residential Construction	'		'
Financing Receivable, Allowance for Credit Losses [Roll Forward]	'		'
Ending balance: Amount of allowance for loan losses for non-impaired loans	13		22
Ending balance: Non-impaired loans	1,575		1,706
Non-impaired loan receivables \| Commercial	'		'
Financing Receivable, Allowance for Credit Losses [Roll Forward]	'		'
Ending balance: Amount of allowance for loan losses for non-impaired loans	12		17
Ending balance: Non-impaired loans	1,507		1,980
Non-impaired loan receivables \| Consumer and other	'		'
Financing Receivable, Allowance for Credit Losses [Roll Forward]	'		'
Ending balance: Amount of allowance for loan losses for non-impaired loans	24		36
Ending balance: Non-impaired loans	627		690
Non-impaired loan receivables \| Unallocated	'		'
Financing Receivable, Allowance for Credit Losses [Roll Forward]	'		'
Ending balance: Amount of allowance for loan losses for non-impaired loans	145		102
Ending balance: Non-impaired loans	'		'

[1]	Does not include deferred fees or costs.

LOANS_Loan_segments_by_interna

LOANS - Loan segments by internally assigned grades (Details 2) (Loans receivables, USD $)	Jun. 30, 2014		Jun. 30, 2013
In Thousands, unless otherwise specified	Jun. 30, 2014		Jun. 30, 2013
Accounts, Notes, Loans and Financing Receivable [Line Items]	'		'
Total loans after unadvanced construction loans	$231,801		$234,256	[1]
Pass	'		'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'		'
Total loans after unadvanced construction loans	216,775		217,960
Special Mention	'		'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'		'
Total loans after unadvanced construction loans	2,240		5,346
Substandard	'		'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'		'
Total loans after unadvanced construction loans	11,123		8,646
Doubtful	'		'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'		'
Total loans after unadvanced construction loans	1,663		2,304
Loss	'		'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'		'
Total loans after unadvanced construction loans	'		'
Residential Real Estate	'		'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'		'
Total loans after unadvanced construction loans	184,380	[1]	187,116	[1]
Residential Real Estate \| Pass	'		'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'		'
Total loans after unadvanced construction loans	180,080		183,403
Residential Real Estate \| Special Mention	'		'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'		'
Total loans after unadvanced construction loans	175		329
Residential Real Estate \| Substandard	'		'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'		'
Total loans after unadvanced construction loans	4,125		2,968
Residential Real Estate \| Doubtful	'		'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'		'
Total loans after unadvanced construction loans	'		416
Residential Real Estate \| Loss	'		'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'		'
Total loans after unadvanced construction loans	'		'
Commercial Real Estate	'		'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'		'
Total loans after unadvanced construction loans	43,315	[1]	42,747	[1]
Commercial Real Estate \| Pass	'		'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'		'
Total loans after unadvanced construction loans	33,034		30,477
Commercial Real Estate \| Special Mention	'		'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'		'
Total loans after unadvanced construction loans	2,065		4,784
Commercial Real Estate \| Substandard	'		'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'		'
Total loans after unadvanced construction loans	6,553		5,598
Commercial Real Estate \| Doubtful	'		'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'		'
Total loans after unadvanced construction loans	1,663		1,888
Commercial Real Estate \| Loss	'		'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'		'
Total loans after unadvanced construction loans	'		'
Residential Construction	'		'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'		'
Total loans after unadvanced construction loans	1,575	[1]	1,706	[1]
Residential Construction \| Pass	'		'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'		'
Total loans after unadvanced construction loans	1,575		1,706
Residential Construction \| Special Mention	'		'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'		'
Total loans after unadvanced construction loans	'		'
Residential Construction \| Substandard	'		'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'		'
Total loans after unadvanced construction loans	'		'
Residential Construction \| Doubtful	'		'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'		'
Total loans after unadvanced construction loans	'		'
Residential Construction \| Loss	'		'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'		'
Total loans after unadvanced construction loans	'		'
Commercial	'		'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'		'
Total loans after unadvanced construction loans	1,904	[1]	1,980	[1]
Commercial \| Pass	'		'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'		'
Total loans after unadvanced construction loans	1,459		1,667
Commercial \| Special Mention	'		'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'		'
Total loans after unadvanced construction loans	'		233
Commercial \| Substandard	'		'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'		'
Total loans after unadvanced construction loans	445		80
Commercial \| Doubtful	'		'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'		'
Total loans after unadvanced construction loans	'		'
Commercial \| Loss	'		'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'		'
Total loans after unadvanced construction loans	'		'
Consumer and other	'		'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'		'
Total loans after unadvanced construction loans	627	[1]	707	[1]
Consumer and other \| Pass	'		'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'		'
Total loans after unadvanced construction loans	627		707
Consumer and other \| Special Mention	'		'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'		'
Total loans after unadvanced construction loans	'		'
Consumer and other \| Substandard	'		'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'		'
Total loans after unadvanced construction loans	'		'
Consumer and other \| Doubtful	'		'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'		'
Total loans after unadvanced construction loans	'		'
Consumer and other \| Loss	'		'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'		'
Total loans after unadvanced construction loans	'		'

[1]	Does not include deferred fees or costs.

LOANS_Summary_of_past_due_and_

LOANS - Summary of past due and non-accrual loans (Details 3) (Loans receivables, USD $)	Jun. 30, 2014	Jun. 30, 2013
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013
Financing Receivable, Recorded Investment, Past Due [Line Items]	'	'
30-59 Days Past Due	$363	$460
60-89 Days Past Due	954	195
90 days or Greater Past Due	3,705	4,720
Total Past Due	5,022	5,375
Total Non-accrual	7,056	6,230
Residential Real Estate	'	'
Financing Receivable, Recorded Investment, Past Due [Line Items]	'	'
30-59 Days Past Due	357	447
60-89 Days Past Due	571	195
90 days or Greater Past Due	1,497	1,844
Total Past Due	2,425	2,486
Total Non-accrual	3,977	2,865
Commercial Real Estate	'	'
Financing Receivable, Recorded Investment, Past Due [Line Items]	'	'
30-59 Days Past Due	'	'
60-89 Days Past Due	383	'
90 days or Greater Past Due	2,208	2,876
Total Past Due	2,591	2,876
Total Non-accrual	3,051	3,365
Commercial	'	'
Financing Receivable, Recorded Investment, Past Due [Line Items]	'	'
30-59 Days Past Due	'	9
60-89 Days Past Due	'	'
90 days or Greater Past Due	'	'
Total Past Due	'	9
Total Non-accrual	28	'
Consumer and other	'	'
Financing Receivable, Recorded Investment, Past Due [Line Items]	'	'
30-59 Days Past Due	6	4
60-89 Days Past Due	'	'
90 days or Greater Past Due	'	'
Total Past Due	6	4
Total Non-accrual	'	'

LOANS_Summary_of_impaired_loan

LOANS - Summary of impaired loans (Details 4) (Loans receivables, USD $)	12 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013
Financing Receivable, Impaired [Line Items]	'	'
Impaired loans without a valuation allowance, Recorded Investment	$6,144	$4,811
Impaired loans without a valuation allowance, Unpaid Principal Balance	6,748	5,447
Impaired loans without a valuation allowance, Average Recorded Investment	5,055	7,416
Impaired loans without a valuation allowance, Interest Income Recognized	70	197
Impaired loans without a valuation allowance, Interest Income Recognized on Cash Basis	44	56
Impaired loans with a valuation allowance, Recorded Investment	2,392	2,695
Impaired loans with a valuation allowance, Unpaid Principal Balance	2,515	2,843
Impaired loans with a valuation allowance, Related Allowance	208	158
Impaired loans with a valuation allowance, Average Recorded Investment	2,214	3,000
Impaired loans with a valuation allowance, Interest Income Recognized	36	56
Impaired loans with a valuation allowance, Interest Income Recognized on Cash Basis	11	28
Total impaired loans, Recorded Investment	8,536	7,506
Total impaired loans, Unpaid Principal Balance	9,263	8,290
Total impaired loans, Related Allowance	208	158
Total impaired loans, Average Recorded Investment	7,269	10,416
Total impaired loans, Interest Income Recognized	106	253
Total impaired loans, Interest Income Recognized on Cash Basis	55	84
Residential Real Estate	'	'
Financing Receivable, Impaired [Line Items]	'	'
Impaired loans without a valuation allowance, Recorded Investment	2,101	1,497
Impaired loans without a valuation allowance, Unpaid Principal Balance	2,229	1,630
Impaired loans without a valuation allowance, Average Recorded Investment	1,909	1,736
Impaired loans without a valuation allowance, Interest Income Recognized	25	50
Impaired loans without a valuation allowance, Interest Income Recognized on Cash Basis	6	33
Impaired loans with a valuation allowance, Recorded Investment	1,651	2,515
Impaired loans with a valuation allowance, Unpaid Principal Balance	1,711	2,663
Impaired loans with a valuation allowance, Related Allowance	104	156
Impaired loans with a valuation allowance, Average Recorded Investment	1,682	2,827
Impaired loans with a valuation allowance, Interest Income Recognized	34	56
Impaired loans with a valuation allowance, Interest Income Recognized on Cash Basis	9	28
Total impaired loans, Recorded Investment	3,752	4,012
Total impaired loans, Unpaid Principal Balance	3,940	4,293
Total impaired loans, Related Allowance	104	156
Total impaired loans, Average Recorded Investment	3,591	4,563
Total impaired loans, Interest Income Recognized	59	106
Total impaired loans, Interest Income Recognized on Cash Basis	15	61
Commercial Real Estate	'	'
Financing Receivable, Impaired [Line Items]	'	'
Impaired loans without a valuation allowance, Recorded Investment	3,646	3,297
Impaired loans without a valuation allowance, Unpaid Principal Balance	4,122	3,800
Impaired loans without a valuation allowance, Average Recorded Investment	3,054	5,402
Impaired loans without a valuation allowance, Interest Income Recognized	44	146
Impaired loans without a valuation allowance, Interest Income Recognized on Cash Basis	38	23
Impaired loans with a valuation allowance, Recorded Investment	741	180
Impaired loans with a valuation allowance, Unpaid Principal Balance	804	180
Impaired loans with a valuation allowance, Related Allowance	104	2
Impaired loans with a valuation allowance, Average Recorded Investment	532	173
Impaired loans with a valuation allowance, Interest Income Recognized	2	'
Impaired loans with a valuation allowance, Interest Income Recognized on Cash Basis	2	'
Total impaired loans, Recorded Investment	4,387	3,477
Total impaired loans, Unpaid Principal Balance	4,926	3,980
Total impaired loans, Related Allowance	104	2
Total impaired loans, Average Recorded Investment	3,586	5,575
Total impaired loans, Interest Income Recognized	46	146
Total impaired loans, Interest Income Recognized on Cash Basis	40	23
Residential Construction	'	'
Financing Receivable, Impaired [Line Items]	'	'
Impaired loans without a valuation allowance, Average Recorded Investment	'	256
Impaired loans without a valuation allowance, Interest Income Recognized	'	'
Impaired loans without a valuation allowance, Interest Income Recognized on Cash Basis	'	'
Total impaired loans, Average Recorded Investment	'	256
Total impaired loans, Interest Income Recognized	'	'
Total impaired loans, Interest Income Recognized on Cash Basis	'	'
Commercial	'	'
Financing Receivable, Impaired [Line Items]	'	'
Impaired loans without a valuation allowance, Recorded Investment	397	'
Impaired loans without a valuation allowance, Unpaid Principal Balance	397	'
Impaired loans without a valuation allowance, Average Recorded Investment	85	'
Impaired loans without a valuation allowance, Interest Income Recognized	'	'
Impaired loans without a valuation allowance, Interest Income Recognized on Cash Basis	'	'
Impaired loans with a valuation allowance, Related Allowance	'	'
Total impaired loans, Recorded Investment	397	'
Total impaired loans, Unpaid Principal Balance	397	'
Total impaired loans, Related Allowance	'	'
Total impaired loans, Average Recorded Investment	85	'
Total impaired loans, Interest Income Recognized	'	'
Total impaired loans, Interest Income Recognized on Cash Basis	'	'
Consumer and other	'	'
Financing Receivable, Impaired [Line Items]	'	'
Impaired loans without a valuation allowance, Recorded Investment	'	17
Impaired loans without a valuation allowance, Unpaid Principal Balance	'	17
Impaired loans without a valuation allowance, Average Recorded Investment	7	22
Impaired loans without a valuation allowance, Interest Income Recognized	1	1
Impaired loans without a valuation allowance, Interest Income Recognized on Cash Basis	'	'
Impaired loans with a valuation allowance, Related Allowance	'	'
Total impaired loans, Recorded Investment	'	17
Total impaired loans, Unpaid Principal Balance	'	17
Total impaired loans, Related Allowance	'	'
Total impaired loans, Average Recorded Investment	7	22
Total impaired loans, Interest Income Recognized	1	1
Total impaired loans, Interest Income Recognized on Cash Basis	'	'

LOANS_Summary_of_modifications

LOANS - Summary of modifications that were deemed to be troubled debt restructures (Details 5) (Loans receivables, USD $)	12 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013
	Security	Security
Residential Real Estate	'	'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'	'
Number of Contracts	1	1
Pre-Modifcation Outstanding Recorded Investment	$38	$207
Post-Modification Outstanding Recorded Investment	39	207
Commercial Real Estate	'	'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'	'
Number of Contracts	1	'
Pre-Modifcation Outstanding Recorded Investment	198	'
Post-Modification Outstanding Recorded Investment	$210	'

LOANS_Summary_of_troubled_debt

LOANS - Summary of troubled debt restructurings subsequently defaulted within one year of modification (Details 6) (Loans receivables, Residential Real Estate, USD $)	12 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013
	Security	Security
Loans receivables \| Residential Real Estate	'	'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'	'
Number of Contracts	1	1
Recorded Investment	$201	$495

LOANS_Detail_Textuals

LOANS (Detail Textuals) (Loans receivables, Residential Real Estate, USD $)	12 Months Ended
	Jun. 30, 2013
	Security
Loans receivables \| Residential Real Estate	'
Financing Receivable, Recorded Investment, Past Due [Line Items]	'
Number of residential estate greater than 90 days past due and still accruing interest	1
Total accruing loans past due 90 days or more	$112,000

LOANS_Detail_Textuals_1

LOANS (Detail Textuals 1) (USD $)	12 Months Ended
LOANS (Detail Textuals 1) (USD $)	Jun. 30, 2014	Jun. 30, 2013
Related Party Transaction [Line Items]	'	'
Additional funds are committed to be advanced in connection with TDR's	$119,000	'
Unpaid principal balances of mortgage and other loans serviced for others	32,447,000	30,748,000
Maximum contingent liability	0	855,000
Director And Executive Officers	'	'
Related Party Transaction [Line Items]	'	'
Total loans from company and companies have significant ownership interest	0	0
Principal payments of loans from company and companies have significant ownership interest	$0	$61,000

PREMISES_AND_EQUIPMENT_Summary

PREMISES AND EQUIPMENT - Summary of premises and equipment (Details) (USD $)	Jun. 30, 2014	Jun. 30, 2013
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013
Property, Plant and Equipment [Line Items]	'	'
Premises and equipment, gross	$9,525	$9,500
Accumulated depreciation and amortization	-5,488	-5,263
Premises and equipment, net	4,037	4,237
Land	'	'
Property, Plant and Equipment [Line Items]	'	'
Premises and equipment, gross	470	470
Building and lease hold improvements	'	'
Property, Plant and Equipment [Line Items]	'	'
Premises and equipment, gross	6,283	6,285
Equipment	'	'
Property, Plant and Equipment [Line Items]	'	'
Premises and equipment, gross	$2,772	$2,745

PREMISES_AND_EQUIPMENT_Detail_

PREMISES AND EQUIPMENT (Detail Textuals) (USD $)	12 Months Ended
PREMISES AND EQUIPMENT (Detail Textuals) (USD $)	Jun. 30, 2014	Jun. 30, 2013
Property, Plant and Equipment [Abstract]	'	'
Depreciation and amortization expense	$334,000	$358,000

DEPOSITS_Balances_of_deposit_a

DEPOSITS - Balances of deposit accounts (Details) (USD $)	Jun. 30, 2014	Jun. 30, 2013
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013
Deposit Liabilities [Abstract]	'	'
Demand deposits	$53,021	$44,231
NOW accounts	86,636	92,823
Regular savings	63,993	59,467
Money market accounts	18,047	14,402
Club accounts	260	247
Deposit accounts	221,957	211,170
Certificate accounts maturing in the years ending June 30:	'	'
2014	'	67,146
2015	59,532	23,044
2016	21,101	18,184
2017	21,030	14,752
2018	8,329	6,989
2019	15,307	'
Time deposits	125,299	130,115
Total deposits	$347,256	$341,285

DEPOSITS_Detail_Textuals

DEPOSITS (Detail Textuals) (USD $)	Jun. 30, 2014	Jun. 30, 2013
Deposit Liabilities [Abstract]	'	'
Aggregate amount of time deposit accounts in denominations of $100,000 or more	$61,244,000	$61,818,000

BORROWED_FUNDS_Summary_of_borr

BORROWED FUNDS- Summary of borrowed funds (Details) (USD $)	Jun. 30, 2014	Jun. 30, 2013
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013
Short-term borrowings	'	'
Amount Due, securities sold under agreements to repurchase	$4,181	$4,849
Weighted Average Rate, securities sold under agreements to repurchase	0.18%	0.16%

BORROWED_FUNDS_Summary_of_Long

BORROWED FUNDS - Summary of Long-term FHLB of Boston (FHLB) advances (Details 1) (USD $)	Jun. 30, 2014		Jun. 30, 2013
In Thousands, unless otherwise specified	Jun. 30, 2014		Jun. 30, 2013
FHLB advances, Year of maturity:	'		'
Amount due in 2014	'		$2,500
Amount due in 2015	1,000		1,000
Amount due in 2016	10,000		10,000
Amount due in 2017	14,500	[1]	12,000	[1]
Amount due in 2018	28,000	[1]	28,000	[1]
Total long-term borrowings	53,500		53,500
Weighted Average Rate, 2014	'		2.86%
Weighted Average Rate, 2015	3.35%		3.35%
Weighted Average Rate, 2016	3.17%		3.17%
Weighted Average Rate, 2017	3.42%	[1]	3.89%	[1]
Weighted Average Rate, 2018	2.34%	[1]	2.34%	[1]
Weighted Average Rate, Total long-term borrowings	2.81%		2.89%
Total borrowed funds, amount due	$57,681		$58,349
Weighted average rate, borrowed funds	2.60%		2.66%

[1]	Includes $18,000,000 of advances callable by the FHLB of Boston in 2015.

BORROWED_FUNDS_Details_Textual

BORROWED FUNDS (Details Textuals) (Federal Home Loan Bank of Boston, USD $)	Jun. 30, 2014	Jun. 30, 2013
Federal Home Loan Bank of Boston	'	'
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items]	'	'
Loans with a principal balance, pledged to secure available borrowings from the FHLB	$47,106,000	$58,570,000
Line of credit with Federal Home Loan Bank of Boston	2,354,000	'
Liquidity line of credit with Federal Home Loan Bank of Boston	4,000,000	'
Amount due in 2017 callable in 2015	18,000,000	18,000,000
Amount due in 2018 callable in 2015	$18,000,000	$18,000,000

INCOME_TAXES_Summary_of_income

INCOME TAXES - Summary of income tax expense (benefit) (Detail) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013
Current:	'	'
Federal	$57	($434)
State	1	1
Total current	58	-433
Deferred:	'	'
Federal	94	738
State	'	'
Total deferred	94	738
Income tax expense	$152	$305

INCOME_TAXES_Summary_of_differ

INCOME TAXES - Summary of differences between statutory federal income tax rate of 34% and effective tax rates (Details 1) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013
Income Tax Disclosure [Abstract]	'	'
Federal income tax at statutory rates	$393	$558
Increase (decrease) in tax resulting from:	'	'
State taxes, net of federal benefit	1	1
Dividends received deduction	-111	-112
Bank-owned life insurance	-99	-166
Tax-exempt municipal income, net	-1	-2
Other, net	-31	26
Income tax expense	$152	$305
Effective tax rates	13.20%	18.60%

INCOME_TAXES_Summary_of_gross_

INCOME TAXES - Summary of gross deferred tax assets and gross deferred tax liabilities (Details 2) (USD $)	Jun. 30, 2014	Jun. 30, 2013
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013
Deferred tax assets:	'	'
Allowance for loan losses	$668	$840
Net unrealized holding loss on available-for-sale securities	125	272
Deferred compensation	167	162
Stock-based compensation	78	79
Impairment losses on securities available-for-sale	859	859
Accrued expenses	177	157
Post retirement benefits	59	55
Interest receivable on non-accrual loans	64	61
Federal carryovers	1,818	1,594
Other	98	56
Gross deferred tax asset	4,113	4,135
Deferred tax liabilities:	'	'
Depreciation and amortization	-1,181	-1,025
Deferred loan costs	-239	-207
Other	-32	'
Gross deferred tax liability	-1,452	-1,232
Net deferred tax asset	$2,661	$2,903

INCOME_TAXES_Detail_Textuals

INCOME TAXES (Detail Textuals) (USD $)	12 Months Ended
INCOME TAXES (Detail Textuals) (USD $)	Jun. 30, 2014	Jun. 30, 2013
Income Tax Disclosure [Abstract]	'	'
Statutory federal income tax rate	34.00%	'
Federal carryovers alternative minimum tax	$1,196,000	'
Net operating loss carryovers	1,738,000	'
Tax credit carryforwards	92,000	'
Contingency reserve for loan losses	2,284,000	'
Unrecognized deferred income taxes	$777,000	$777,000

OTHER_COMMITMENTS_AND_CONTINGE2

OTHER COMMITMENTS AND CONTINGENT LIABILITIES (Details) (USD $)	Jun. 30, 2014
In Thousands, unless otherwise specified	Jun. 30, 2014
Commitments and Contingencies Disclosure [Abstract]	'
Rental Expense Due in 2015	$151
Rental Expense Due in 2016	151
Rental Expense Due in 2017	108
Rental Expense Due in 2018	99
Rental Expense Due in 2019	99
Rental Expense Due in Thereafter	47
Rental Expense Due in Total	$655

OTHER_COMMITMENTS_AND_CONTINGE3

OTHER COMMITMENTS AND CONTINGENT LIABILITIES (Detail Textuals) (USD $)	12 Months Ended
	Jun. 30, 2014	Jun. 30, 2013
Commitments and Contingencies Disclosure [Abstract]	'	'
Total rental expense	$151,000	$162,000

FAIR_VALUE_MEASUREMENTS_Assets

FAIR VALUE MEASUREMENTS - Assets measured at fair value on a recurring basis (Details) (Fair Value, Measurements, Recurring, USD $)	Jun. 30, 2014	Jun. 30, 2013
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013
Total	'	'
Available-for-sale:	'	'
Assets measured at fair value	$48,081	$38,450
Total \| U.S. Government and government-sponsored securities	'	'
Available-for-sale:	'	'
Assets measured at fair value	976	961
Total \| Corporate bonds and other securities	'	'
Available-for-sale:	'	'
Assets measured at fair value	5,163	4,873
Total \| U.S. Government-sponsored and guaranteed mortgage-backed securities	'	'
Available-for-sale:	'	'
Assets measured at fair value	25,262	15,065
Total \| Non-agency mortgage-backed securities	'	'
Available-for-sale:	'	'
Assets measured at fair value	6,680	7,551
Total \| Equity securities	'	'
Available-for-sale:	'	'
Assets measured at fair value	10,000	10,000
Level 1	'	'
Available-for-sale:	'	'
Assets measured at fair value	'	'
Level 1 \| U.S. Government and government-sponsored securities	'	'
Available-for-sale:	'	'
Assets measured at fair value	'	'
Level 1 \| Corporate bonds and other securities	'	'
Available-for-sale:	'	'
Assets measured at fair value	'	'
Level 1 \| U.S. Government-sponsored and guaranteed mortgage-backed securities	'	'
Available-for-sale:	'	'
Assets measured at fair value	'	'
Level 1 \| Non-agency mortgage-backed securities	'	'
Available-for-sale:	'	'
Assets measured at fair value	'	'
Level 1 \| Equity securities	'	'
Available-for-sale:	'	'
Assets measured at fair value	'	'
Level 2	'	'
Available-for-sale:	'	'
Assets measured at fair value	38,081	28,450
Level 2 \| U.S. Government and government-sponsored securities	'	'
Available-for-sale:	'	'
Assets measured at fair value	976	961
Level 2 \| Corporate bonds and other securities	'	'
Available-for-sale:	'	'
Assets measured at fair value	5,163	4,873
Level 2 \| U.S. Government-sponsored and guaranteed mortgage-backed securities	'	'
Available-for-sale:	'	'
Assets measured at fair value	25,262	15,065
Level 2 \| Non-agency mortgage-backed securities	'	'
Available-for-sale:	'	'
Assets measured at fair value	6,680	7,551
Level 2 \| Equity securities	'	'
Available-for-sale:	'	'
Assets measured at fair value	'	'
Level 3	'	'
Available-for-sale:	'	'
Assets measured at fair value	10,000	10,000
Level 3 \| U.S. Government and government-sponsored securities	'	'
Available-for-sale:	'	'
Assets measured at fair value	'	'
Level 3 \| Corporate bonds and other securities	'	'
Available-for-sale:	'	'
Assets measured at fair value	'	'
Level 3 \| U.S. Government-sponsored and guaranteed mortgage-backed securities	'	'
Available-for-sale:	'	'
Assets measured at fair value	'	'
Level 3 \| Non-agency mortgage-backed securities	'	'
Available-for-sale:	'	'
Assets measured at fair value	'	'
Level 3 \| Equity securities	'	'
Available-for-sale:	'	'
Assets measured at fair value	$10,000	$10,000

FAIR_VALUE_MEASUREMENTS_Change

FAIR VALUE MEASUREMENTS - Changes in level 3 assets measured at fair value on recurring basis (Details 1) (Available-for-sale securities, Auction Rate Trust Preferred Securities, USD $)	12 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013
Available-for-sale securities \| Auction Rate Trust Preferred Securities	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Beginning balance	$10,000	$9,636
Total gains or losses (realized/unrealized) included in earnings	'	'
Total unrealized gains included in other comprehensive income	'	364
Ending balance	$10,000	$10,000

FAIR_VALUE_MEASUREMENTS_Assets1

FAIR VALUE MEASUREMENTS - Assets measured at fair value on a non-recurring basis and the adjustments to the carrying value (Details 2) (Fair value measurements non recurring basis, USD $)	12 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Total Losses	$419	$254
Total	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Assets, fair value	1,417	1,867
Level 1	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Assets, fair value	'	'
Level 2	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Assets, fair value	'	'
Level 3	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Assets, fair value	1,417	1,867
Impaired loans	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Total Losses	230	206
Impaired loans \| Total	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Assets, fair value	548	1,577
Impaired loans \| Level 1	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Assets, fair value	'	'
Impaired loans \| Level 2	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Assets, fair value	'	'
Impaired loans \| Level 3	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Assets, fair value	548	1,577
Other real estate owned	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Total Losses	189	48
Other real estate owned \| Total	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Assets, fair value	869	290
Other real estate owned \| Level 1	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Assets, fair value	'	'
Other real estate owned \| Level 2	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Assets, fair value	'	'
Other real estate owned \| Level 3	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Assets, fair value	$869	$290

FAIR_VALUE_MEASUREMENTS_Compan

FAIR VALUE MEASUREMENTS - Company financial instruments, all of which are held or issued for purposes other than trading (Details 3) (USD $)	Jun. 30, 2014	Jun. 30, 2013
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013
Financial assets:	'	'
Available-for-sale securities	$48,081	$38,450
Held-to-maturity securities	143,257	135,418
Accrued interest receivable	1,018	1,013
Financial liabilities:	'	'
Mortgagors' escrow accounts	2,267	2,120
Carrying Amount	'	'
Financial assets:	'	'
Cash and cash equivalents	7,335	12,793
Available-for-sale securities	48,081	38,450
Held-to-maturity securities	142,176	134,989
Federal Home Loan Bank Stock	5,927	6,953
Loans held-for-sale	100	1,037
Loans, net	230,126	232,171
Accrued interest receivable	1,018	1,013
Financial liabilities:	'	'
Deposits	347,256	341,285
Mortgagors' escrow accounts	2,267	2,120
Federal Home Loan Bank advances	53,500	53,500
Securities sold under agreements to repurchase	4,181	4,849
Accrued interest payable	124	143
Level 1	'	'
Financial assets:	'	'
Cash and cash equivalents	7,335	12,793
Available-for-sale securities	'	'
Held-to-maturity securities	'	'
Federal Home Loan Bank Stock	'	'
Loans held-for-sale	'	'
Loans, net	'	'
Accrued interest receivable	'	'
Financial liabilities:	'	'
Deposits	'	'
Mortgagors' escrow accounts	'	'
Federal Home Loan Bank advances	'	'
Securities sold under agreements to repurchase	'	'
Accrued interest payable	'	'
Level 2	'	'
Financial assets:	'	'
Cash and cash equivalents	'	'
Available-for-sale securities	38,081	28,450
Held-to-maturity securities	143,257	135,418
Federal Home Loan Bank Stock	'	'
Loans held-for-sale	'	'
Loans, net	'	'
Accrued interest receivable	'	'
Financial liabilities:	'	'
Deposits	'	'
Mortgagors' escrow accounts	'	'
Federal Home Loan Bank advances	55,196	55,260
Securities sold under agreements to repurchase	4,181	4,849
Accrued interest payable	'	'
Level 3	'	'
Financial assets:	'	'
Cash and cash equivalents	'	'
Available-for-sale securities	10,000	10,000
Held-to-maturity securities	'	'
Federal Home Loan Bank Stock	5,927	6,953
Loans held-for-sale	101	1,006
Loans, net	231,986	234,923
Accrued interest receivable	1,018	1,013
Financial liabilities:	'	'
Deposits	349,235	343,492
Mortgagors' escrow accounts	2,267	2,120
Federal Home Loan Bank advances	'	'
Securities sold under agreements to repurchase	'	'
Accrued interest payable	124	143
Fair Value	'	'
Financial assets:	'	'
Cash and cash equivalents	7,335	12,793
Available-for-sale securities	48,081	38,450
Held-to-maturity securities	143,257	135,418
Federal Home Loan Bank Stock	5,927	6,953
Loans held-for-sale	101	1,006
Loans, net	231,986	234,923
Accrued interest receivable	1,018	1,013
Financial liabilities:	'	'
Deposits	349,235	343,492
Mortgagors' escrow accounts	2,267	2,120
Federal Home Loan Bank advances	55,196	55,260
Securities sold under agreements to repurchase	4,181	4,849
Accrued interest payable	$124	$143

OFFBALANCE_SHEET_FINANCIAL_INS2

OFF-BALANCE SHEET FINANCIAL INSTRUMENTS - Summary of Notional amounts of commitments with off-balance-sheet credit risk (Details) (USD $)	Jun. 30, 2014	Jun. 30, 2013
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013
Line of Credit Facility [Line Items]	'	'
Outstanding commitments	$17,230	$17,940
Commitments to originate loans	'	'
Line of Credit Facility [Line Items]	'	'
Outstanding commitments	2,867	3,537
Unadvanced construction loans	'	'
Line of Credit Facility [Line Items]	'	'
Outstanding commitments	1,658	1,745
Unadvanced lines of credit	'	'
Line of Credit Facility [Line Items]	'	'
Outstanding commitments	12,217	11,912
Letters of credit	'	'
Line of Credit Facility [Line Items]	'	'
Outstanding commitments	$488	$746

REGULATORY_MATTERS_Banks_actua

REGULATORY MATTERS - Bank's actual capital amounts and ratios (Details) (USD $)	Jun. 30, 2014	Jun. 30, 2013
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013
Regulatory Matters [Abstract]	'	'
Tangible Equity Capital (to Tangible Assets), Actual Amount	$40,093	$38,786
Tier 1 Capital (to Adjusted Total Assets), Actual Amount	40,093	38,786
Tier 1 Capital (to Risk-Weighted Assets), Actual Amount	40,093	38,786
Total Capital (to Risk-Weighted Assets), Actual Amount	42,494	41,500
Tangible Equity Capital (to Tangible Assets), Actual Ratio	8.87%	8.70%
Tier 1 Capital (to Adjusted Total Assets), Actual Ratio	8.87%	8.70%
Tier 1 Capital (to Risk-Weighted Assets), Actual Ratio	17.62%	17.00%
Total Capital (to Risk-Weighted Assets), Actual Ratio	18.68%	18.19%
Tangible Equity Capital (to Tangible Assets), For Capital Adequacy Purposes Amount	6,781	6,687
Tier 1 Capital (to Adjusted Total Assets), For Capital Adequacy Purposes Amount	18,083	17,831
Tier 1 Capital (to Risk-Weighted Assets), For Capital Adequacy Purposes Amount	9,099	9,126
Total Capital (to Risk-Weighted Assets), For Capital Adequacy Purposes Amount	18,199	18,252
Tangible Equity Capital (to Tangible Assets), For Capital Adequacy Purposes Ratio	1.50%	1.50%
Tier 1 Capital (to Adjusted Total Assets), For Capital Adequacy Purposes Ratio	4.00%	4.00%
Tier 1 Capital (to Risk-Weighted Assets), For Capital Adequacy Purposes Ratio	4.00%	4.00%
Total Capital (to Risk-Weighted Assets), For Capital Adequacy Purposes Ratio	8.00%	8.00%
Tangible Equity Capital (to Tangible Assets), To Be Well Capitalized Under Prompt Corrective Action Provisions Amount	'	'
Tier 1 Capital (to Adjusted Total Assets), To Be Well Capitalized Under Prompt Corrective Action Provisions Amount	22,604	22,288
Tier 1 Capital (to Risk-Weighted Assets), To Be Well Capitalized Under Prompt Corrective Action Provisions Amount	13,649	13,689
Total Capital (to Risk-Weighted Assets), To Be Well Capitalized Under Prompt Corrective Action Provisions Amount	$22,749	$22,814
Tangible Equity Capital (to Tangible Assets), To Be Well Capitalized Under Prompt Corrective Action Provisions Ratio	'	'
Tier 1 Capital (to Adjusted Total Assets), To Be Well Capitalized Under Prompt Corrective Action Provisions Ratio	5.00%	5.00%
Tier 1 Capital (to Risk-Weighted Assets), To Be Well Capitalized Under Prompt Corrective Action Provisions Ratio	6.00%	6.00%
Total Capital (to Risk-Weighted Assets), To Be Well Capitalized Under Prompt Corrective Action Provisions Ratio	10.00%	10.00%

REGULATORY_MATTERS_reconciliat

REGULATORY MATTERS - reconciliation of total consolidated equity to capital amounts (Details 1) (USD $)	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2012
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2012
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]	'	'	'
Total consolidated equity	$51,451	$50,081	$48,135
Adjustments:	'	'	'
Tier 1 Capital	40,093	38,786	'
Allowance for loan losses and off-balance sheet reserves	2,380	2,693	'
Total Risk-Based capital	42,494	41,500	'
PSB Holdings, Inc	'	'	'
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]	'	'	'
Total consolidated equity	51,451	50,081	'
Adjustments:	'	'	'
Equity capital of PSB Holdings, Inc.	-4,052	-4,048	'
Intangible assets	-5,791	-6,026	'
Disallowed servicing assets	-9	'	'
Disallowed deferred tax assets	-1,731	-1,724	'
Unrealized losses on available-for-sale securities	225	503	'
Tier 1 Capital	40,093	38,786	'
Allowance for loan losses and off-balance sheet reserves	2,401	2,714	'
Total Risk-Based capital	$42,494	$41,500	'

BENEFIT_PLANS_Summary_of_statu

BENEFIT PLANS - Summary of status of incentive plan (Detail) (Stock Options, Stock-based Incentive Plan, USD $)	12 Months Ended
	Jun. 30, 2014	Jun. 30, 2013
Stock Options \| Stock-based Incentive Plan	'	'
Number of Shares	'	'
Options outstanding at beginning of year	222,921	222,921
Granted	'	'
Exercised	'	'
Forfeited	-23,815	'
Outstanding at end of year	199,106	222,921
Options exercisable at end of year	199,106	222,921
Weighted Average Exercise Price	'	'
Options outstanding at beginning of year	$10.62	$10.62
Granted	'	'
Exercised	'	'
Forfeited	$10.60	'
Outstanding at end of year	$10.62	$10.62
Options exercisable at end of year	$10.62	$10.62

BENEFIT_PLANS_Summary_of_stock

BENEFIT PLANS - Summary of stock options outstanding (Details 1) (USD $)	12 Months Ended
	Jun. 30, 2014
Exercise Price $10.60	'
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]	'
Options Outstanding, Weighted-Average Exercise Price	$10.60
Options Outstanding, Number Outstanding	170,106
Options Outstanding, Weighted-Average Remaining Contractual Life	'1 year 4 months 10 days
Options Outstanding, Aggregate Intrinsic Value	'
Options Exercisable, Number Exercisable	170,106
Options Exercisable, Weighted-Average Exercise Price	$10.60
Exercise Price $10.70	'
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]	'
Options Outstanding, Weighted-Average Exercise Price	$10.70
Options Outstanding, Number Outstanding	23,000
Options Outstanding, Weighted-Average Remaining Contractual Life	'2 years 10 months 24 days
Options Outstanding, Aggregate Intrinsic Value	'
Options Exercisable, Number Exercisable	23,000
Options Exercisable, Weighted-Average Exercise Price	$10.70
Exercise Price $10.78	'
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]	'
Options Outstanding, Weighted-Average Exercise Price	$10.78
Options Outstanding, Number Outstanding	6,000
Options Outstanding, Weighted-Average Remaining Contractual Life	'1 year 11 months 9 days
Options Outstanding, Aggregate Intrinsic Value	'
Options Exercisable, Number Exercisable	6,000
Options Exercisable, Weighted-Average Exercise Price	$10.78

BENEFIT_PLANS_Detail_Textuals

BENEFIT PLANS (Detail Textuals) (USD $)	0 Months Ended	12 Months Ended
	Oct. 04, 2004	Jun. 30, 2014	Jun. 30, 2013
	Installments	Jun. 30, 2014	Jun. 30, 2013
Compensation and Retirement Disclosure [Abstract]	'	'	'
Cost recognized	'	$147,000	$160,000
Description of 401(k) Plan	'	'The Company has a 401(k) plan covering each eligible employee. Employees must be 21 years of age, work at least 1,000 hours per year, and have at least one year of service with the Company to be eligible to participate.	'
Percentage of contribution an employee's deferral	'	50.00%	25.00%
Percentage of employee's salary	'	4.00%	4.00%
Contribution from employer	'	65,000	34,000
Total liability for the arrangements included in other liabilities	'	172,000	162,000
Expenses under other postretirement benefit plan	'	10,000	25,000
Death benefits	'	'	25,000
Number of share purchased	257,062	'	'
Amount borrowed by ESOP for purchase of shares	2,600,000	'	'
Interest rate	4.75%	'	'
Number of substantial equal annual installments	20	'	'
Defined benefit plan current interest rate	'	3.25%	3.25%
Amount of ESOP expenses	'	81,000	66,000
Number of shares allocated	'	126,071	113,292
Number of shares unallocated	'	130,991	143,770
Fair value of unallocated ESOP shares	'	$880,000	$807,000

BENEFIT_PLANS_Detail_Textuals_

BENEFIT PLANS (Detail Textuals 1) (Stock Based Incentive Plan)	Oct. 31, 2005
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'
Number of shares company may granted	476,298
Stock Options	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'
Number of shares company may granted	340,213
Restricted Stock	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'
Number of shares company may granted	136,085

ACCUMULATED_OTHER_COMPREHENSIV2

ACCUMULATED OTHER COMPREHENSIVE INCOME/LOSS - Components of accumulated other comprehensive loss included in stockholders equity and related tax effects (Details) (USD $)	Jun. 30, 2014	Jun. 30, 2013
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013
Accumulated Other Comprehensive Income (Loss), Net Of Tax [Abstract]	'	'
Net unrealized loss on securities available-for-sale	($362)	($795)
Tax effect	125	272
Accumulated other comprehensive loss	($237)	($523)

ACCUMULATED_OTHER_COMPREHENSIV3

ACCUMULATED OTHER COMPREHENSIVE INCOME/LOSS (Detail Textuals) (USD $)	12 Months Ended
	Jun. 30, 2014	Jun. 30, 2013
Accumulated Other Comprehensive Income (Loss), Net Of Tax [Abstract]	'	'
Pre-tax unrealized losses on securities which other-than-temporary impairment recognized	$60,000	$207,000

PARENT_COMPANY_ONLY_FINANCIAL_2

PARENT COMPANY ONLY FINANCIAL STATEMENTS - Balance Sheets (Details) (USD $)	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2012
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2012
ASSETS	'	'	'
Cash and due from depository institutions	$4,573	$5,306	'
Investment in available-for-sale securities, at fair value	48,081	38,450	'
Other assets	1,967	2,396	'
Total assets	461,039	454,378	'
LIABILITIES AND STOCKHOLDERS' EQUITY	'	'	'
Other liabilities	2,384	2,543	'
Stockholders' equity	51,451	50,081	48,135
Total liabilities and stockholders' equity	461,039	454,378	'
PSB Holdings, Inc	'	'	'
ASSETS	'	'	'
Cash and due from depository institutions	805	787	'
Investment in Putnam Bank	47,399	46,033	'
Investment in available-for-sale securities, at fair value	1,044	1,057	'
Loan to ESOP	1,607	1,737	'
Other assets	623	490	'
Total assets	51,478	50,104	'
LIABILITIES AND STOCKHOLDERS' EQUITY	'	'	'
Other liabilities	27	23	'
Stockholders' equity	51,451	50,081	'
Total liabilities and stockholders' equity	$51,478	$50,104	'

PARENT_COMPANY_ONLY_FINANCIAL_3

PARENT COMPANY ONLY FINANCIAL STATEMENTS - Statements of Income (Details 1) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013
Condensed Financial Statements, Captions [Line Items]	'	'
Interest on ESOP loan	$10,162	$11,531
Total interest and dividend income	13,904	15,253
Other expense	1,191	1,267
Income tax benefit	152	305
Net income	1,003	1,337
PSB Holdings, Inc	'	'
Condensed Financial Statements, Captions [Line Items]	'	'
Interest and dividends on investments	12	15
Interest on ESOP loan	55	59
Total interest and dividend income	67	74
Other expense	224	225
Loss before income tax benefit and equity in undistributed net income of subsidiary	-157	-151
Income tax benefit	-72	-51
Loss before equity in undistributed net income of subsidiary	-85	-100
Equity in undistributed net income of subsidiary	1,088	1,437
Net income	$1,003	$1,337

PARENT_COMPANY_ONLY_FINANCIAL_4

PARENT COMPANY ONLY FINANCIAL STATEMENTS - Statements of Cash Flows (Details 2) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013
Cash flows from operating activities:	'	'
Net income	$1,003	$1,337
Adjustments to reconcile net income to net cash used in operating activities:	'	'
Amortization of securities, net	1,236	1,375
Amortization of ESOP expense	81	66
Increase in other liabilities	-159	-140
Net cash provided by operating activities	4,028	4,766
Cash flows from investing activities:	'	'
Purchase of available-for-sale securities	-15,987	-4,082
Proceeds from maturities of available-for-sale securities	'	3,680
Proceeds from calls, maturities of held-to-maturity securities	28,983	38,265
Net cash used in investing activities	-14,936	-3,668
Cash flows from financing activities:	'	'
Shares issued	'	53
Net cash provided by financing activities	5,450	282
Net increase in cash and cash equivalents	-5,458	1,380
Cash and cash equivalents at beginning of year	12,793	11,413
Cash and cash equivalents at end of year	7,335	12,793
PSB Holdings, Inc	'	'
Cash flows from operating activities:	'	'
Net income	1,003	1,337
Adjustments to reconcile net income to net cash used in operating activities:	'	'
Amortization of securities, net	'	1
Amortization of ESOP expense	81	66
(Increase) decrease in other assets	-71	14
Increase in due from subsidiary	-67	'
Increase in other liabilities	4	2
Undistributed net income of subsidiary	-1,088	-1,437
Net cash provided by operating activities	-138	-17
Cash flows from investing activities:	'	'
Purchase of available-for-sale securities	'	-1,000
Proceeds from maturities of available-for-sale securities	26	69
Proceeds from calls, maturities of held-to-maturity securities	'	1,000
Principal payments received on loan to ESOP	-130	-126
Net cash used in investing activities	156	195
Cash flows from financing activities:	'	'
Shares issued	'	53
Net cash provided by financing activities	'	53
Net increase in cash and cash equivalents	18	231
Cash and cash equivalents at beginning of year	787	556
Cash and cash equivalents at end of year	$805	$787