PSB (PSBX) Inactive 10-Q12 Nov 142015 Q1 Quarterly reportFinancial data

Company Profile

Document_and_Entity_Informatio

Document and Entity Information	3 Months Ended
Document and Entity Information	Sep. 30, 2014	Oct. 31, 2014
Document and Entity Information [Abstract]	'	'
Entity Registrant Name	'PSB Holdings, Inc.	'
Entity Central Index Key	'0001293211	'
Trading Symbol	'psbh	'
Current Fiscal Year End Date	'--06-30	'
Entity Filer Category	'Smaller Reporting Company	'
Entity Common Stock, Shares Outstanding	'	6,541,561
Document Type	'10-Q	'
Document Period End Date	30-Sep-14	'
Amendment Flag	'false	'
Document Fiscal Year Focus	'2015	'
Document Fiscal Period Focus	'Q1	'

Consolidated_Balance_Sheets_Un

Consolidated Balance Sheets (Unaudited) (USD $)	Sep. 30, 2014	Jun. 30, 2014
In Thousands, unless otherwise specified	Sep. 30, 2014	Jun. 30, 2014
ASSETS	'	'
Cash and due from depository institutions	$4,884	$4,573
Interest-bearing demand deposits with other banks	7,385	2,762
Total cash and cash equivalents	12,269	7,335
Securities available-for-sale, at fair value	46,774	48,081
Securities held-to-maturity (fair value of $151,015 as of September 30, 2014 and $143,257 as of June 30, 2014)	150,248	142,176
Federal Home Loan Bank stock, at cost	5,371	5,927
Loans held-for-sale	541	100
Loans	232,340	232,506
Less: Allowance for loan losses	-2,348	-2,380
Net loans	229,992	230,126
Premises and equipment	3,982	4,037
Accrued interest receivable	1,128	1,018
Other real estate owned	1,395	1,549
Goodwill	6,912	6,912
Bank-owned life insurance	9,221	9,150
Deferred tax asset	2,614	2,661
Other assets	1,471	1,967
Total assets	471,918	461,039
Deposits	'	'
Non-interest-bearing	53,800	53,021
Interest-bearing	295,137	294,235
Total deposits	348,937	347,256
Mortgagors' escrow accounts	1,156	2,267
Federal Home Loan Bank advances	53,500	53,500
Securities sold under agreements to repurchase	14,261	4,181
Other liabilities	2,194	2,384
Total liabilities	420,048	409,588
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 September 30, 2014 and June 30, 2014	694	694
Additional paid-in capital	30,602	30,602
Retained earnings	26,087	25,793
Accumulated other comprehensive loss	-144	-237
Unearned ESOP shares	-1,278	-1,310
Treasury stock, at cost (401,564 shares at September 30, 2014 and June 30, 2014)	-4,091	-4,091
Total stockholders' equity	51,870	51,451
Total liabilities and stockholders' equity	$471,918	$461,039

Consolidated_Balance_Sheets_Un1

Consolidated Balance Sheets (Unaudited) (Parentheticals) (USD $)	Sep. 30, 2014	Jun. 30, 2014
In Thousands, except Share data, unless otherwise specified	Sep. 30, 2014	Jun. 30, 2014
Statement Of Financial Position [Abstract]	'	'
Securities held-to-maturity securities, fair value (in dollars)	$151,015	$143,257
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 (Unaudited) (USD $)	3 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013
Interest and dividend income:	'	'
Interest and fees on loans	$2,483	$2,619
Interest and dividends on investments	1,017	839
Total interest and dividend income	3,500	3,458
Interest expense:	'	'
Deposits and escrow	571	665
Borrowed funds	384	393
Total interest expense	955	1,058
Net interest and dividend income	2,545	2,400
Provision for loan losses	'	20
Net interest and dividend income after provision for loan losses	2,545	2,380
Non-interest income:	'	'
Total other-than-temporary impairment losses on debt securities	-300	-11
Portion of losses recognized in other comprehensive income	197	8
Net impairment losses recognized in earnings	-103	-3
Fees for services	454	443
Mortgage banking activities	33	26
Net commissions from brokerage service	18	27
Income from bank-owned life insurance	71	78
Other income	48	36
Total non-interest income	521	607
Non-interest expense:	'	'
Compensation and benefits	1,522	1,447
Occupancy and equipment	306	304
Data processing	235	189
LAN/WAN network	36	36
Advertising and marketing	39	43
OCC assessment	32	47
FDIC deposit insurance	67	152
Other real estate owned	69	23
Write-down of other real estate owned	'	66
Other	390	407
Total non-interest expense	2,696	2,714
Income before income tax expense	370	273
Income tax expense	67	30
NET INCOME	$303	$243
Earnings per common share:	'	'
Basic (in dollars per share)	$0.05	$0.04
Diluted (in dollars per share)	$0.05	$0.04

Consolidated_Statements_of_Com

Consolidated Statements of Comprehensive Income (Unaudited) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014		Sep. 30, 2013
Comprehensive Income (Loss), Net Of Tax, Attributable To Parent [Abstract]	'		'
Net Income	$303		$243
Other comprehensive income:	'		'
Net unrealized holding gains on available-for-sale securities	235		39
Reclassification adjustment for losses realized in income on available-for-sale securities (1)	103	[1]	3	[1]
Non-credit portion of other-than-temporary losses on available-for-sale securities	-197		-8
Other comprehensive income before tax	141		34
Income tax expense related to other comprehensive income	-48		-12
Other comprehensive income net of tax	93		22
Total comprehensive income	$396		$265

[1]	Reported in net impairment losses recognized in earnings included in non-interest income on the consolidated statements of net income. Income tax benefit associated with the reclassification adjustments were $35,000 and $1,000 for the three months ended September 30, 2014 and 2013, respectively.

Consolidated_Statements_of_Com1

Consolidated Statements of Comprehensive Income (Unaudited) (Paretheticals) (USD $)	3 Months Ended
	Sep. 30, 2014	Sep. 30, 2013
Comprehensive Income (Loss), Net Of Tax, Attributable To Parent [Abstract]	'	'
Income tax benefit associated with reclassification adjustments	$35,000	$1,000

Consolidated_Statements_of_Cha

Consolidated Statements of Changes in Stockholders' Equity (Unaudited) (USD $)	Common Stock	Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Unearned ESOP Shares	Treasury Stock	Total
In Thousands, unless otherwise specified	Common Stock	Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Unearned ESOP Shares	Treasury Stock	Total
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	'	'	243	22	'	'	265
ESOP shares committed to be released (3,195 shares)	'	'	-12	'	31	'	19
Balance at Sep. 30, 2013	694	30,602	25,067	-501	-1,406	-4,091	50,365
Balance at Jun. 30, 2014	694	30,602	25,793	-237	-1,310	-4,091	51,451
Increase (Decrease) in Stockholders' Equity [Roll Forward]	'	'	'	'	'	'	'
Comprehensive income	'	'	303	93	'	'	396
ESOP shares committed to be released (3,195 shares)	'	'	-9	'	32	'	23
Balance at Sep. 30, 2014	$694	$30,602	$26,087	($144)	($1,278)	($4,091)	$51,870

Consolidated_Statements_of_Cha1

Consolidated Statements of Changes in Stockholders' Equity (Unaudited) (Parentheticals)	3 Months Ended
	Sep. 30, 2014	Sep. 30, 2013
Statement Of Stockholders' Equity [Abstract]	'	'
Number of ESOP shares committed to be released	3,195	3,195

Consolidated_Statements_of_Cas

Consolidated Statements of Cash Flows (Unaudited) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013
Cash flows from operating activities	'	'
Net income	$303	$243
Adjustments to reconcile net income to net cash provided by operating activities:	'	'
Amortization of securities, net	285	398
Impairment losses on securities	103	3
Net (increase) decrease in loans held-for-sale	-441	857
Amortization of deferred loan costs, net	37	21
Provision for loan losses	'	20
Gain on sale of other real estate owned, net	-48	-16
Write-down of other real estate owned	'	66
Loss on sale of premises and equipment	'	1
Depreciation and amortization - premises and equipment	86	85
Amortization - software	30	25
Decrease in accrued interest receivable and other assets	377	167
Increase in cash surrender value of bank-owned life insurance	-71	-78
Decrease in other liabilities	-190	-128
Deferred tax expense	'	92
Amortization of ESOP expense	23	19
Net cash provided by operating activities	494	1,775
Cash flows from investing activities	'	'
Purchase of available-for-sale securities	'	-15,986
Proceeds from sales, calls, pay downs and maturities of available-for-sale securities	1,315	2,130
Purchase of held-to-maturity securities	-14,476	-2,373
Proceeds from calls, pay downs and maturities of held-to-maturity securities	6,148	9,812
Redemption of Federal Home Loan Stock	556	'
Loan principal (originations) repayments, net	-253	1,296
Recoveries of loans previously charged off	21	14
Proceeds from sale of other real estate owned	531	229
Capital expenditures - premises and equipment	-31	-21
Capital expenditures - software	-21	'
Net cash used in investing activities	-6,210	-4,899
Cash flows from financing activities	'	'
Net increase (decrease) in deposit accounts	1,681	-5,240
Net decrease in mortgagors' escrow accounts	-1,111	-1,057
Proceeds from Federal Home Loan Bank advances	'	3,000
Net increase in securities sold under agreements to repurchase	10,080	1,076
Net cash provided by (used in) financing activities	10,650	-2,221
Net increase (decrease) in cash and cash equivalents	4,934	-5,345
Cash and cash equivalents at beginning of year	7,335	12,793
Cash and cash equivalents at end of period	12,269	7,448
Cash paid during the period for:	'	'
Interest	954	1,073
Income taxes (refunded) paid, net	-554	1
Loans transferred to other real estate owned	$329	$376

Organization

Organization	3 Months Ended
Organization	Sep. 30, 2014
Organization, Consolidation and Presentation Of Financial Statements [Abstract]	'
Organization	'
	NOTE 1 – Organization

	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 issued 6,943,125 shares of common stock, 3,729,846 shares (53.7%) of which were issued to Putnam Bancorp, MHC and 3,089,691 shares (44.5%) of which were sold to eligible depositors of the Bank and others at $10.00 per share. In addition, the Company issued 123,588 shares (1.8%) to a charitable foundation established by the Bank.

	On August 27, 2014, the Bank filed a notice of intent to convert from a federally-chartered savings bank to a Connecticut-chartered bank that is a member of the Federal Reserve System. PSB Holdings, Inc. and Putnam Bancorp, MHC would remain savings and loan holding companies. No timetable has been established for when the charter conversion would be effective.

Basis_of_Presentation

Basis of Presentation	3 Months Ended
Basis of Presentation	Sep. 30, 2014
Accounting Policies [Abstract]	'
Basis of Presentation	'
	NOTE 2 – Basis of Presentation

	The accompanying unaudited consolidated interim financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial statements and the instructions to Form 10-Q, and accordingly do not include all of the information and footnotes required by accounting principles generally accepted in the United States of America for complete financial statements. In the opinion of management, the accompanying unaudited consolidated financial statements reflect all adjustments necessary, consisting of only normal recurring accruals and the elimination of all significant intercompany accounts, to present fairly the financial position, results of operations and cash flows of the Company for the periods presented. The interim results of operations are not necessarily indicative of the operating results to be expected for future periods, including the year ending June 30, 2015. These financial statements should be read in conjunction with the 2014 consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K filed with the Securities and Exchange Commission (SEC) on September 24, 2014.

Recent_Accounting_Pronouncemen

Recent Accounting Pronouncements	3 Months Ended
Recent Accounting Pronouncements	Sep. 30, 2014
New Accounting Pronouncements and Changes In Accounting Principles [Abstract]	'
Recent Accounting Pronouncements	'
	NOTE 3 – Recent Accounting 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.


	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.

	Receivables – Troubled Debt Restructurings by Creditors. In August 2014, FASB issued ASU No. 2014-14, Receivables - Troubled Debt Restructurings by Creditors (Subtopic 310-40) – Classification of Certain Government-Guaranteed Mortgage Loans Upon Foreclosure which provides guidance on when government guaranteed loans should be derecognized upon foreclosure. 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.

Critical_Accounting_Policies

Critical Accounting Policies	3 Months Ended
Critical Accounting Policies	Sep. 30, 2014
Accounting Policies [Abstract]	'
Critical Accounting Policies	'
	Note 4 - Critical Accounting Policies

	Critical accounting policies are those that involve significant judgments and assumptions by management that have, or could have, a material impact on our income or the carrying value of our assets. Our critical accounting policies are those related to our loans, allowance for loan losses, income taxes, goodwill and the impairment of securities.

	Loans. The Company’s loan portfolio includes residential real estate, commercial real estate, construction, commercial and consumer/other segments. Residential real estate loans include one-to four-family owner occupied loans, second mortgage loans and equity lines of credit. Consumer/other loans include personal loans. 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 the 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, 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; trends in volume and terms of loans; concentrations; changes in lending policies and procedures; experience/ability/depth of lending management and staff; loan rating migration; the effect of other external factors; changes in the value of underlying collateral; changes in the loan review system and national and local economic trends and conditions.

	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.

	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 unsecured 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 90 days or more past due or 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 TDR. All TDRs are 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.

	Goodwill. The Company’s goodwill was recorded as a result of business acquisitions and combinations. The Company’s goodwill (the amount paid in excess of fair value of acquired net assets) is reviewed at least annually to ensure that there have been no events or circumstances resulting in an impairment of the recorded amount of excess purchase price. Adverse changes in the economic environment, operations of the Company or other factors could result in a decline in projected fair values. If the estimated fair value is less than the carrying amount, a loss would be recognized to reduce the carrying amount to implied fair value.

	Other-Than-Temporary Impairment of Securities. Management periodically reviews all investment securities with significant declines in fair value for potential other-than-temporary impairment pursuant to the guidance provided by ASC 320-10 “Investments-Debt and Equity Securities”. The guidance addresses the determination as to when an investment is considered impaired, whether the impairment is other-than-temporary, and the measurement of an impairment loss. It also includes accounting considerations subsequent to the recognition of other-than-temporary impairment and requires certain disclosures about unrealized losses that have not been recognized as other-than-temporary impairments.

	Income Taxes. The Company recognizes income taxes under the asset and liability method. Under this method, deferred tax assets and liabilities are established for the temporary differences between the accounting basis and the tax basis of the Company’s assets and liabilities at enacted rates expected to be in effect when the amounts related to such temporary differences are realized or settled. 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.

	Management has discussed the development and selection of these critical accounting policies with the Audit Committee.

Earnings_Per_Share_EPS

Earnings Per Share (EPS)	3 Months Ended
Earnings Per Share (EPS)	Sep. 30, 2014
Earnings Per Share [Abstract]	'
Earnings Per Share (EPS)	'
	NOTE 5 – Earnings Per Share (EPS)

	As presented below, basic earnings per share is computed by dividing income available to common stockholders by the weighted average number of common shares outstanding for 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 reflect the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock that then shared in the earnings of the Company. For purposes of computing diluted EPS, the treasury stock method is used.

	The following information was used in the computation of EPS on both a basic and diluted basis for the three months ended September 30, 2014 and 2013:

		For the Three Months Ended		For the Three Months Ended
		30-Sep-14		30-Sep-13
	Net income	$	303,000	$	243,000

	Weighted average common shares applicable to EPS		6,410,605		6,397,826
	Effect of dilutive potential common shares (1)		-		-
	Weighted average common shares applicable to diluted EPS		6,410,605		6,397,826
	Earnings per share:
	Basic	$	0.05	$	0.04
	Diluted	$	0.05	$	0.04

	(1) For the three months ended September 30, 2014 and 2013, options to purchase 199,106 were outstanding but not included in the computation of earnings per share because they were anti-dilutive.

Investment_Securities

Investment Securities	3 Months Ended
Investment Securities	Sep. 30, 2014
Investments, Debt and Equity Securities [Abstract]	'
Investment Securities	'
	NOTE 6 – Investment Securities

	The carrying value and estimated fair values of investment securities by maturity are as follows:

			Amortized			Gross Unrealized							Fair
			Cost Basis			Gain			(Loss)				Value
			(in thousands)
	30-Sep-14
	Available-for-sale:
	Debt securities:
	U.S. government and government-sponsored securities:
	Due from one through five years		$	1,000		$	-		$	(35	)		$	965

	Corporate bonds and other securities:
	Due after ten years			5,999			-			(769	)			5,230

	U.S. Government-sponsored and guaranteed
	mortgage-backed securities:
	Due from one through five years			609			31			-				640
	From five through ten years			10,942			88			(7	)			11,023
	After ten years			11,972			423			(34	)			12,361
				23,523			542			(41	)			24,024

	Non-agency mortgage-backed securities:
	Due after ten years			6,473			392			(298	)			6,567
	Total debt securities			36,995			934			(1,143	)			36,786

	Equity securities:
	Auction rate preferred			10,000			-			(12	)			9,988

	Total available-for-sale securities		$	46,995		$	934		$	(1,155	)		$	46,774

	Held-to-maturity:
	U.S. government and government-sponsored securities:
	Due from one through five years		$	6,238		$	-		$	(50	)		$	6,188
	From five through ten years			3,955			91			(7	)			4,039
				10,193			91			(57	)			10,227

	U.S. Government-sponsored and guaranteed
	mortgage-backed securities:
	Due from five through ten years			4,153			159			-				4,312
	After ten years			135,902			1,735			(1,161	)			136,476
				140,055			1,894			(1,161	)			140,788
	Total held-to-maturity securities		$	150,248		$	1,985		$	(1,218	)		$	151,015



			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			10,000			-			-				10,000

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

Held-to-maturity:
U.S. government and government-sponsored securities:
Due from 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 from 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

There were no realized gains or losses on sales of available-for-sale securities for the three months ended September 30, 2014 or 2013. Gains and losses on the sales of securities are recorded on the trade date and are determined using the specific identification method. There were other-than-temporary impairment charges on available-for-sale securities of $103,000 realized in income during the three months ended September 30, 2014. The write-downs included total other-than-temporary impairment losses of $300,000, net of $197,000 recognized in other comprehensive income, before taxes. There were other-than-temporary impairment charges on available-for-sale securities of $3,000 realized in income during the three months ended September 30, 2013. The write-downs included total other-than-temporary impairment losses of $11,000, net of $8,000 recognized in other comprehensive income, before taxes. See “Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations-Overview.”

The following is a summary 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 at:


September 30, 2014:		Less than 12 months						12 months or more							Total
		Fair			Unrealized			Fair				Unrealized			Fair		Unrealized
		Value			Losses			Value				Losses			Value		Losses
Available-for-sale:		(in thousands)
Debt securities:
U.S. Government and government-sponsored securities		$	-		$	-		$	965			$	35		$	965	$	35
Corporate bonds and other securities			-			-			5,230				769			5,230		769
U.S. Government-sponsored and guaranteed
mortgage-backed securities			1,081			7			2,661				34			3,742		41
Equity securities			2,988			12			-				-			2,988		12
Total temporarily impaired available-for-sale			4,069			19			8,856				838			12,925		857

Held-to-maturity:
U.S. Government and government-sponsored
securities			4,965			23			3,222				34			8,187		57
U.S. Government-sponsored and guaranteed
mortgage-backed securities			42,903			216			41,497				945			84,400		1,161
Total temporarily impaired held-to-maturity			47,868			239			44,719				979			92,587		1,218

Other-than-temporarily impaired debt
securities (1):
Non-agency mortgage-backed securities			-			-			3,210				298			3,210		298

Total temporarily-impaired and other-
than-temporarily impaired securities		$	51,937		$	258		$	56,785			$	2,115		$	108,722	$	2,373


June 30, 2014:		Less than 12 months						12 months or more							Total
		Fair			Unrealized			Fair				Unrealized			Fair		Unrealized
		Value			Losses			Value				Losses			Value		Losses
Available-for-sale:		(in thousands)
Debt securities:
U.S. Government and government-sponsored securities		$	-		$	-		$	976			$	24		$	976	$	24
Corporate bonds and other obligations			-			-			5,163				836			5,163		836
U.S. Government-sponsored and guaranteed
mortgage-backed securities			2,370			1			3,931				43			6,301		44
Total temporarily impaired available-for-sale			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

(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 income/loss.

Management evaluates securities for other-than-temporary impairment (OTTI) at least on a quarterly basis, and more frequently when economic or market concerns warrant such evaluation.

At September 30, 2014 and June 30, 2014, there were 61 and 57 individual investment securities, respectively, with aggregate depreciation of 2.1% and 1.3%, respectively, from the Company’s amortized cost basis. Management has the intent and ability to hold these securities until cost recovery occurs and considers these declines to be temporary.

The unrealized losses on the Company’s investment in U.S. Government-sponsored agency bonds and U.S. government-guaranteed and government-sponsored residential mortgage-backed securities 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 September 30, 2014.

The Company’s unrealized losses on investments in corporate bonds and other securities relate to investments in companies within the financial services sector. As of September 30, 2014, the Company had five investments in corporate single-issuer trust preferred securities (TRUPs) with a total book value of $6.0 million and total fair value of $5.2 million, all of which were classified as available-for-sale. 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.

At September 30, 2014, our auction-rate trust preferred securities (ARP) portfolio had unrealized losses totaling $12,000. 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. At September 30, 2014, our investments in auction-rate trust preferred securities consisted of investments in three corporate issuers. 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. 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.

For the three months ended September 30, 2014, securities with other-than-temporary impairment losses 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.

The following table represents a roll-forward of the amount of credit losses on debt securities for which a portion of other-than-temporary impairment was recognized in other comprehensive income (in thousands):


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

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			103
Reductions for securities sold during the period			-

Balance as of September 30, 2014		$	15,846

Loans

Loans	3 Months Ended
Loans	Sep. 30, 2014
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]	'
Loans	'
	NOTE 7 – Loans

	The following table sets forth the composition of our loan portfolio at September 30, 2014 and June 30, 2014:

			September 30,				June 30,
			2014				2014
			(in thousands)

	Real Estate:
	Residential (1)		$	183,675			$	184,380
	Commercial			44,524				43,887
	Residential construction			2,385				2,661
	Commercial			1,894				1,904
	Consumer and other			607				627

	Total loans			233,085				233,459

	Unadvanced construction loans			(1,505	)			(1,658	)
				231,580				231,801
	Net deferred loan costs			760				705
	Allowance for loan losses			(2,348	)			(2,380	)

	Loans, net		$	229,992			$	230,126

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


	Credit Quality Information

	The Company utilizes a nine grade internal loan rating 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, 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 the borrower.

	The following table presents the Company’s loan classes by internally assigned grades at September 30, 2014 and June 30, 2014:


			Residential				Commercial				Residential						Consumer
	30-Sep-14		Real Estate				Real Estate				Construction			Commercial			and other			Total
			(in thousands)
	Grade:
	Pass		$	179,603			$	34,118			$	1,223		$	1,555		$	607		$	217,106
	Special Mention			323				2,060				-			-			-			2,383
	Substandard			3,749				6,348				-			339			-			10,436
	Doubtful			-				1,655				-			-			-			1,655
	Loss			-				-				-			-			-			-
	Total		$	183,675			$	44,181			$	1,223		$	1,894		$	607		$	231,580

			Residential				Commercial				Residential						Consumer
	30-Jun-14		Real Estate				Real Estate				Construction			Commercial			and other			Total
			(in thousands)
	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


There were no modifications deemed to be troubled debt restructures for the three months ended September 30, 2014 or September 30, 2013.

The following is a summary of troubled debt restructurings that subsequently defaulted (defined as 30 or more days past due subsequent to restructuring) within one year of modification during the three months ended September 30, 2013. There were no troubled debt restructurings that subsequently defaulted within one year of modification during the three months ended September 30, 2014.


		Three months ended
		30-Sep-13
		Number of			Recorded
		Contracts			Investment
		(Dollars in thousands)
Real Estate:
Residential			1		$	495

Nonperforming_Assets_Past_Due_

Non-performing Assets, Past Due and Impaired Loans	3 Months Ended
Non-performing Assets, Past Due and Impaired Loans	Sep. 30, 2014
Non Performing Assets [Abstract]	'
Non-performing Assets, Past Due and Impaired Loans	'
	NOTE 8 – Non-performing Assets, Past Due and Impaired Loans

	The table below sets forth the amounts and categories of non-performing assets at the dates indicated:

			At September 30,				At June 30,
			2014				2014
			(Dollars in thousands)
	Non-accrual loans:
	Real Estate:
	Residential		$	3,608			$	3,977
	Commercial real estate			2,932				3,051
	Commercial			27				28
	Total non-accrual loans			6,567				7,056

	Accruing loans past due 90 days or more:			-				-

	Total non-performing loans			6,567				7,056

	Other real estate owned			1,395				1,549
	Total non-performing assets		$	7,962			$	8,605

	Total non-performing loans to total loans			2.84	%			3.04	%
	Total non-performing assets to total assets			1.69	%			1.87	%

	The balance in non-performing loans is a direct correlation to the deterioration experienced in the real estate climate over the past several years. Management is focused on working with borrowers and guarantors to resolve these trends by restructuring or liquidating assets when prudent. Many of our commercial relationships are secured by development loans, in particular condominiums which have experienced a significant reduction in demand. The Bank reviews the strength of the guarantors; requires face to face discussions and offers restructuring suggestions that provide the borrowers with short term relief and exit strategies. Overall, we expect to see improvement as solutions are identified and executed. The Bank obtains a current appraisal on all real estate secured loans that are 180 days or more past due if the appraisal on file is older than one year. If the determination is made that there is the potential for collateral shortfall, an allocated reserve will be assigned to the loan for the expected deficiency. It is the policy of the Bank to charge off or write down loans or other assets when, in the opinion of the Credit Committee and Loan Review, the ultimate amount recoverable is less than the carrying value, or the collection of the amount is expected to be unduly prolonged. The level of non-performing assets is expected to fluctuate in response to changing economic and market conditions, and the relative sizes of the respective loan portfolios, along with management’s degree of success in resolving problem assets. Management takes a proactive approach with respect to the identification and resolution of problem loans.


	The following table sets forth information regarding past due loans at September 30, 2014 and June 30, 2014:

											90 days
			30–59 Days				60–89 Days				or greater			Total
	At September 30, 2014		Past Due				Past Due				Past Due			Past Due
			(in thousands)
	Real Estate:
	Residential		$	504			$	818			$	1,316		$	2,638
	Commercial			-				1,539				2,122			3,661
	Consumer and other			10				-				-			10
	Total		$	514			$	2,357			$	3,438		$	6,309

	At June 30, 2014

	Real Estate:
	Residential		$	358			$	571			$	1,497		$	2,426
	Commercial			-				383				2,208			2,591
	Consumer and other			6				-				-			6
	Total		$	364			$	954			$	3,705		$	5,023


	The following is a summary of information pertaining to impaired loans at September 30, 2014 and June 30, 2014:

			At September 30, 2014											At June 30, 2014
							Unpaid										Unpaid
			Recorded				Principal				Related			Recorded			Principal			Related
			Investment				Balance				Allowance			Investment			Balance			Allowance
	Impaired loans without a valuation allowance:		(in thousands)
	Real Estate:
	Residential		$	2,067			$	2,192						$	2,101		$	2,229
	Commercial			3,844				4,320							3,646			4,122
	Commercial			294				294							397			397
	Total impaired with no valuation allowance			6,205				6,806							6,144			6,748

	Impaired loans with a valuation allowance:
	Real Estate:
Residential			1,433				1,493			$	94			1,651			1,711		$	104
Commercial			370				433				29			741			804			104
Total impaired with a valuation allowance			1,803				1,926				123			2,392			2,515			208

Total Impaired Loans:
Real Estate:
Residential			3,500				3,685				94			3,752			3,940			104
Commercial			4,214				4,753				29			4,387			4,926			104
Commercial			294				294				-			397			397			-
Total impaired loans		$	8,008			$	8,732			$	123		$	8,536		$	9,263		$	208


The following is a summary of additional information pertaining to impaired loans:

		Three months ended											Three months ended
		30-Sep-14											30-Sep-13
		Average				Interest				Interest Income			Average			Interest			Interest Income
		Recorded				Income				Recognized			Recorded			Income			Recognized
		Investment				Recognized				on Cash Basis			Investment			Recognized			on Cash Basis
		(in thousands)
Real Estate:
Residential		$	3,626			$	12			$	-		$	3,831		$	19		$	7
Commercial			4,300				21				-			3,504			3			-
Commercial			346				5				-			-			-			-
Consumer and other			-				-				-			16			-			-
Total impaired loans		$	8,272			$	38			$	-		$	7,351		$	22		$	7

Allowance_for_Loan_Losses

Allowance for Loan Losses	3 Months Ended
Allowance for Loan Losses	Sep. 30, 2014
Receivables [Abstract]	'
Allowance for Loan Losses	'
	NOTE 9 – Allowance for Loan Losses

	An analysis of the allowance for loan losses for the three months ended September 30, 2014 and 2013 is as follows:


	Three months ended
	30-Sep-14	Residential			Commercial			Residential						Consumer
		Real Estate			Real Estate			Construction			Commercial			and Other			Unallocated		Total
	Allowance for loan losses:	(in thousands)
	Beginning balance	$	1,279		$	907		$	13		$	12		$	24		$	145	$	2,380
	Charge-offs		(6	)		(32	)		-			-			(15	)		-		(53	)
	Recoveries		12			-			-			3			6			-		21
	Provision (credit)		(17	)		(11	)		(3	)		(3	)		9			25		-
	Ending Balance	$	1,268		$	864		$	10		$	12		$	24		$	170	$	2,348


	Three months ended
	30-Sep-13	Residential			Commercial			Residential						Consumer
		Real Estate			Real Estate			Construction			Commercial			and Other			Unallocated		Total
	Allowance for loan losses:	(in thousands)
	Beginning balance	$	1,201		$	1,315		$	22		$	17		$	36		$	102	$	2,693
	Charge-offs		(141	)		-			-			-			(13	)		-		(154	)
	Recoveries		3			-			3			3			5			-		14
	Provision (credit)		175			(151	)		(10	)		(1	)		1			6		20
	Ending Balance	$	1,238		$	1,164		$	15		$	19		$	29		$	108	$	2,573


	Further information pertaining to the allowance for loan losses at September 30, 2014 and June 30, 2014 is as follows:


	At September 30, 2014	Residential			Commercial			Residential						Consumer
		Real Estate			Real Estate			Construction			Commercial			and Other			Unallocated		Total
	(in thousands)
	Ending balance: Amount of allowance for loan losses for impaired loans	$	94		$	29		$	-		$	-		$	-		$	-	$	123

	Ending balance: Amount of allowance for loan
	losses for non-impaired loans	$	1,174		$	835		$	10		$	12		$	24		$	170	$	2,225

	Ending balance: Impaired loans	$	3,500		$	4,214		$	-		$	294		$	-		$	-	$	8,008

	Ending balance: Non-impaired loans	$	180,174		$	39,968		$	1,223		$	1,600		$	607		$	-	$	223,572


	At June 30, 2014	Residential			Commercial			Residential						Consumer
		Real Estate			Real Estate			Construction			Commercial			and Other			Unallocated		Total
	(in thousands)
	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


	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

Accumulated_Other_Comprehensiv

Accumulated Other Comprehensive Income (Loss)	3 Months Ended
Accumulated Other Comprehensive Income (Loss)	Sep. 30, 2014
Accumulated Other Comprehensive Income (Loss), Net Of Tax [Abstract]	'
Accumulated Other Comprehensive Income (Loss)	'
	NOTE 10 – 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 equity section of the consolidated balance sheets, such items are components of accumulated other comprehensive income (loss).

	The components of accumulated other comprehensive loss and related tax effects are as follows:

		September 30,			June 30,
		2014			2014
		(in thousands)
	Net unrealized loss on securities available-for-sale	$	(221	)	$	(362	)
	Tax effect		77			125
	Accumulated other comprehensive loss	$	(144	)	$	(237	)

FAIR_VALUE_MEASUREMENTS

FAIR VALUE MEASUREMENTS	3 Months Ended
FAIR VALUE MEASUREMENTS	Sep. 30, 2014
Fair Value Disclosures [Abstract]	'
FAIR VALUE MEASURMENTS	'
	NOTE 11 – FAIR VALUE MEASUREMENTS

	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 as follows:

	Level 1 – Valuations for assets traded in active exchange markets, such as the New York Stock Exchange. Valuations are obtained from readily available pricing sources for market transactions involving identical assets.

	Level 2 – Valuations for assets traded in less active dealer or broker markets. Valuations are obtained from third party pricing services for identical or comparable assets.

	Level 3 – Valuations for assets that are derived from other methodologies, including option pricing models, discounted cash flow models and similar techniques, and not based on market exchange, dealer, or broker traded transactions. Level 3 valuations incorporate certain assumptions and projections in determining the fair value assigned to such assets.

	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.

	A description of the valuation methodologies used for instruments measured at fair value, as well as the general classification of such instruments pursuant to the valuation hierarchy, is set forth below. These valuation methodologies were applied to all of the Company’s assets carried at fair value for September 30, 2014.

	The Company’s mortgage-backed securities and other debt securities available-for-sale are generally classified within Level 2 of the fair value hierarchy. For these securities, we obtain fair value measurements from independent pricing services. The fair value measurements consider observable data that may include dealer quotes, market spreads, cash flows, the U. S. treasury yield curve, trading levels, market consensus prepayment speeds, credit information and the instrument’s terms and conditions.

	Level 3 is for positions that are not traded in active markets or are subject to transfer restrictions, valuations are adjusted to reflect illiquidity and/or non-transferability, and such adjustments are generally based on available market evidence. In the absence of such evidence, management’s best estimate is used. Subsequent to inception, management only changes Level 3 inputs and assumptions when corroborated by evidence such as transactions in similar instruments, completed or pending third-party transactions in the underlying investment or comparable entities, subsequent rounds of financing, recapitalization and other transactions across the capital structure, offerings in the equity or debt markets, and changes in financial ratios or cash flows.

	The Company’s impaired loans and other real estate owned are reported at the fair value of the underlying collateral if repayment is expected solely from the collateral. Collateral values are estimated using Level 3 inputs based upon appraisals of similar properties obtained from a third party and adjusted by management as needed.

	The Company did not have any transfers of assets between Levels 1 and 2 of the fair value hierarchy during the three months ended September 30, 2014.

	The following summarizes assets measured at fair value on a recurring basis at September 30, 2014 and June 30, 2014:

						Quoted Prices in				Significant			Significant
						Active Markets for				Other Observable			Unobservable
	At September 30, 2014		Total Fair			Identical Assets				Inputs			Inputs
	(in thousands)		Value			Level 1				Level 2			Level 3
	Securities available-for-sale:
	U.S. government and government-sponsored securities		$	965		$	-			$	965		$	-
	Corporate bonds and other securities			5,230			-				5,230			-
	U.S. Government-sponsored and guaranteed mortgage-backed securities			24,024			-				24,024			-
	Non-agency mortgage-backed securities			6,567			-				6,567			-
	Equity securities			9,988			-				-			9,988
	Total		$	46,774		$	-			$	36,786		$	9,988

						Quoted Prices in				Significant			Significant
						Active Markets for				Other Observable			Unobservable
	At June 30, 2014		Total Fair			Identical Assets				Inputs			Inputs
	(in thousands)		Value			Level 1				Level 2			Level 3
	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


	The table below represents the changes in level 3 assets measured at fair value for the three months ended September 30, 2014.


	(in thousands)
	Beginning balance, June 30, 2014					$	10,000
	Unrealized losses included in other comprehensive income						(12	)
	Ending balance, September 30, 2014					$	9,988

	The following summarizes assets measured at fair value on a non-recurring basis and the adjustments to the carrying value at and for the three months ended September 30, 2014 and 2013:

						Quoted Prices in										Total Losses
						Active Markets for				Significant Other			Significant			for the three
	At September 30, 2014		Total Fair			Identical Assets				Observable Inputs			Unobservable Inputs			months ended
			Value			Level 1				Level 2			Level 3			30-Sep-14
		(in thousands)
Impaired loans		$	146		$	-			$	-		$	146		$	(5	)

					Quoted Prices in										Total Losses
					Active Markets for				Significant Other			Significant			for the three
At September 30, 2013		Total Fair			Identical Assets				Observable Inputs			Unobservable Inputs			months ended
		Value			Level 1				Level 2			Level 3			30-Sep-13
		(in thousands)

Impaired loans		$	121		$	-			$	-		$	121		$	(31	)
Other real estate owned			276			-				-			276			(66	)
		$	397		$	-			$	-		$	397		$	(97	)

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 assumptions could significantly affect the estimates.

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




The following methods and assumptions were used by the Company in estimating fair values of its financial instruments:

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 FHLBB Stock. 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. Ownership of Federal Home Loan Bank of Boston (“FHLBB”) stock is restricted to member banks; therefore, the stock is not traded. The estimated fair value of FHLBB stock is equal to its carrying value, which represents the price at which the FHLBB is obligated to redeem its stock.

Loans. For valuation purposes, the loan portfolio was segregated into its significant categories, which are residential, commercial real estate, residential construction, commercial and consumer and 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, commercial real estate, residential construction, commercial and consumer and 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 based on quoted market prices of similar loans sold in conjunction with securitization transactions, adjusted as required for changes in loan characteristics.

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 the 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 Company also secures term repurchase agreements through other financial institutions. The fair value of these agreements are determined by discounting the anticipated future cash payments using rates currently available to the Bank for debt with similar terms and remaining maturities.

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

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 14, the fair value equals the carrying amounts which are not significant.

Summary of Fair Values of Financial Instruments. The estimated fair values, and related carrying amounts, of the Company’s financial instruments are as follows. Certain financial instruments and all nonfinancial instruments are exempt from disclosure requirements. Accordingly, the aggregate fair value amounts presented herein do not represent the underlying fair value of the Company.

The following table presents the carrying amount and estimated fair values of the Company’s financial instruments, all of which are held or issued for purposes other than trading, as of September 30, 2014 and June 30, 2014:

		30-Sep-14
		Carrying			Fair Value Hierarchy										Fair
		Amount			Level 1				Level 2			Level 3			Value
		(in thousands)
Financial assets:
Cash and cash equivalents		$	12,269		$	12,269			$	-		$	-		$	12,269
Securities available-for-sale			46,774			-				36,786			9,988			46,774
Securities held-to-maturity			150,248			-				151,015			-			151,015
Federal Home Loan Bank stock			5,371			-				-			5,371			5,371
Loans held-for-sale			541			-				-			544			544
Loans, net			229,992			-				-			231,917			231,917
Accrued interest receivable			1,128			-				-			1,128			1,128

Financial liabilities:
Deposits			348,937			-				-			350,791			350,791
Mortgagors’ escrow accounts			1,156			-				-			1,156			1,156
Federal Home Loan Bank advances			53,500			-				54,682			-			54,682
Securities sold under agreements to repurchase			14,261			-				14,261			-			14,261
Accrued interest payable			125			-				-			125			125

		30-Jun-14
		Carrying			Fair Value Hierarchy										Fair
		Amount			Level 1				Level 2			Level 3			Value
		(in thousands)
Financial assets:
Cash and cash equivalents		$	7,335		$	7,335			$	-		$	-		$	7,335
Securities available-for-sale			48,081			-				38,081			10,000			48,081
Securities held-to-maturity			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

StockBased_Incentive_Plan

Stock-Based Incentive Plan	3 Months Ended
Stock-Based Incentive Plan	Sep. 30, 2014
Disclosure Of Compensation Related Costs, Share-Based Payments [Abstract]	'
Stock-Based Incentive Plan	'
	NOTE 12 – Stock-Based Incentive Plan

	At the annual meeting of stockholders on October 21, 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.

	At September 30, 2014 and June 30, 2014, 141,107 options and 15,717 restricted shares were available to be issued under the Incentive Plan. There were no unvested stock awards/options outstanding at or during the three months ended September 30, 2014 and 2013, respectively.

Dividends

Dividends	3 Months Ended
Dividends	Sep. 30, 2014
Dividends [Abstract]	'
Dividends	'
	NOTE 13 – Dividends

	The Company did not declare a dividend during the three months ended September 30, 2014 and 2013.

Commitments_to_Extend_Credit

Commitments to Extend Credit	3 Months Ended
Commitments to Extend Credit	Sep. 30, 2014
Commitments To Extend Credit [Abstract]	'
Commitments to Extend Credit	'
	NOTE 14 – Commitments to Extend Credit

	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 extend credit. These commitments involve, to varying degrees, elements of credit and interest rate risk in excess of the amounts recognized in the consolidated balance sheets.

	The contractual amounts of outstanding commitments were as follows:
		September 30,		June 30,
		2014		2014
		(in thousands)
	Commitments to extend credit:
	Loan commitments	$	3,105	$	2,867
	Unadvanced construction loans		1,505		1,658
	Unadvanced lines of credit		13,010		12,217
	Standby letters of credit		384		488
	Outstanding commitments	$	18,004	$	17,230

Critical_Accounting_Policies_P

Critical Accounting Policies (Policies)	3 Months Ended
Critical Accounting Policies (Policies)	Sep. 30, 2014
New Accounting Pronouncements and Changes In Accounting Principles [Abstract]	'
Loans	'
	Loans. The Company’s loan portfolio includes residential real estate, commercial real estate, construction, commercial and consumer/other segments. Residential real estate loans include one-to four-family owner occupied loans, second mortgage loans and equity lines of credit. Consumer/other loans include personal loans. 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 the 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, 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; trends in volume and terms of loans; concentrations; changes in lending policies and procedures; experience/ability/depth of lending management and staff; loan rating migration; the effect of other external factors; changes in the value of underlying collateral; changes in the loan review system and national and local economic trends and conditions.

	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.

	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 unsecured 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 90 days or more past due or 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 TDR. All TDRs are 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.
Goodwill	'
Goodwill	Goodwill. The Company’s goodwill was recorded as a result of business acquisitions and combinations. The Company’s goodwill (the amount paid in excess of fair value of acquired net assets) is reviewed at least annually to ensure that there have been no events or circumstances resulting in an impairment of the recorded amount of excess purchase price. Adverse changes in the economic environment, operations of the Company or other factors could result in a decline in projected fair values. If the estimated fair value is less than the carrying amount, a loss would be recognized to reduce the carrying amount to implied fair value.
Other-Than-Temporary Impairment of Securities	'
Other-Than-Temporary Impairment of Securities	Other-Than-Temporary Impairment of Securities. Management periodically reviews all investment securities with significant declines in fair value for potential other-than-temporary impairment pursuant to the guidance provided by ASC 320-10 “Investments-Debt and Equity Securities”. The guidance addresses the determination as to when an investment is considered impaired, whether the impairment is other-than-temporary, and the measurement of an impairment loss. It also includes accounting considerations subsequent to the recognition of other-than-temporary impairment and requires certain disclosures about unrealized losses that have not been recognized as other-than-temporary impairments.
Income Taxes	'
	Income Taxes. The Company recognizes income taxes under the asset and liability method. Under this method, deferred tax assets and liabilities are established for the temporary differences between the accounting basis and the tax basis of the Company’s assets and liabilities at enacted rates expected to be in effect when the amounts related to such temporary differences are realized or settled. 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.

	Management has discussed the development and selection of these critical accounting policies with the Audit Committee.

Earnings_Per_Share_EPS_Tables

Earnings Per Share (EPS) (Tables)	3 Months Ended
Earnings Per Share (EPS) (Tables)	Sep. 30, 2014
Earnings Per Share [Abstract]	'
Schedule of computation of EPS on basic and diluted basis	'

		For the Three Months Ended		For the Three Months Ended
		30-Sep-14		30-Sep-13
	Net income	$	303,000	$	243,000

	Weighted average common shares applicable to EPS		6,410,605		6,397,826
	Effect of dilutive potential common shares (1)		-		-
	Weighted average common shares applicable to diluted EPS		6,410,605		6,397,826
	Earnings per share:
	Basic	$	0.05	$	0.04
	Diluted	$	0.05	$	0.04

	(1) For the three months ended September 30, 2014 and 2013, options to purchase 199,106 were outstanding but not included in the computation of earnings per share because they were anti-dilutive.

Investment_Securities_Tables

Investment Securities (Tables)	3 Months Ended
Investment Securities (Tables)	Sep. 30, 2014
Investments, Debt and Equity Securities [Abstract]	'
Schedule of carrying value and estimated fair values of investment securities by maturity	'


			Amortized			Gross Unrealized							Fair
			Cost Basis			Gain			(Loss)				Value
			(in thousands)
	30-Sep-14
	Available-for-sale:
	Debt securities:
	U.S. government and government-sponsored securities:
	Due from one through five years		$	1,000		$	-		$	(35	)		$	965

	Corporate bonds and other securities:
	Due after ten years			5,999			-			(769	)			5,230

	U.S. Government-sponsored and guaranteed
	mortgage-backed securities:
	Due from one through five years			609			31			-				640
	From five through ten years			10,942			88			(7	)			11,023
	After ten years			11,972			423			(34	)			12,361
				23,523			542			(41	)			24,024

	Non-agency mortgage-backed securities:
	Due after ten years			6,473			392			(298	)			6,567
	Total debt securities			36,995			934			(1,143	)			36,786

	Equity securities:
	Auction rate preferred			10,000			-			(12	)			9,988

	Total available-for-sale securities		$	46,995		$	934		$	(1,155	)		$	46,774

	Held-to-maturity:
	U.S. government and government-sponsored securities:
	Due from one through five years		$	6,238		$	-		$	(50	)		$	6,188
	From five through ten years			3,955			91			(7	)			4,039
				10,193			91			(57	)			10,227

	U.S. Government-sponsored and guaranteed
	mortgage-backed securities:
	Due from five through ten years			4,153			159			-				4,312
	After ten years			135,902			1,735			(1,161	)			136,476
				140,055			1,894			(1,161	)			140,788
	Total held-to-maturity securities		$	150,248		$	1,985		$	(1,218	)		$	151,015



			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			10,000			-			-				10,000

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

Held-to-maturity:
U.S. government and government-sponsored securities:
Due from 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 from 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
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	'


	September 30, 2014:		Less than 12 months						12 months or more						Total
			Fair			Unrealized			Fair				Unrealized		Fair		Unrealized
			Value			Losses			Value				Losses		Value		Losses
	Available-for-sale:		(in thousands)
	Debt securities:
	U.S. Government and government-sponsored securities		$	-		$	-		$	965			$	35	$	965	$	35
	Corporate bonds and other securities			-			-			5,230				769		5,230		769
	U.S. Government-sponsored and guaranteed
	mortgage-backed securities			1,081			7			2,661				34		3,742		41
	Equity securities			2,988			12			-				-		2,988		12
	Total temporarily impaired available-for-sale			4,069			19			8,856				838		12,925		857

	Held-to-maturity:
	U.S. Government and government-sponsored
	securities			4,965			23			3,222				34		8,187		57
	U.S. Government-sponsored and guaranteed
	mortgage-backed securities			42,903			216			41,497				945		84,400		1,161
	Total temporarily impaired held-to-maturity			47,868			239			44,719				979		92,587		1,218

	Other-than-temporarily impaired debt
	securities (1):
	Non-agency mortgage-backed securities			-			-			3,210				298		3,210		298

	Total temporarily-impaired and other-
	than-temporarily impaired securities		$	51,937		$	258		$	56,785			$	2,115	$	108,722	$	2,373


	June 30, 2014:		Less than 12 months						12 months or more						Total
			Fair			Unrealized			Fair				Unrealized		Fair		Unrealized
			Value			Losses			Value				Losses		Value		Losses
	Available-for-sale:		(in thousands)
	Debt securities:
	U.S. Government and government-sponsored securities		$	-		$	-		$	976			$	24	$	976	$	24
	Corporate bonds and other obligations			-			-			5,163				836		5,163		836
	U.S. Government-sponsored and guaranteed
	mortgage-backed securities			2,370			1			3,931				43		6,301		44
	Total temporarily impaired available-for-sale			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

	(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 income/loss.
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, 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

	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			103
	Reductions for securities sold during the period			-

	Balance as of September 30, 2014		$	15,846

Loans_Tables

Loans (Tables)	3 Months Ended
Loans (Tables)	Sep. 30, 2014
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]	'
Schedule of composition of loan portfolio	'

		September 30,				June 30,
		2014				2014
		(in thousands)

	Real Estate:
	Residential (1)	$	183,675			$	184,380
	Commercial		44,524				43,887
	Residential construction		2,385				2,661
	Commercial		1,894				1,904
	Consumer and other		607				627

	Total loans		233,085				233,459

	Unadvanced construction loans		(1,505	)			(1,658	)
			231,580				231,801
	Net deferred loan costs		760				705
	Allowance for loan losses		(2,348	)			(2,380	)

	Loans, net	$	229,992			$	230,126

	(1) Residential real estate loans include one-to four-family mortgage loans, second mortgage loans, and home equity lines of credit.
Schedule of the company's loan classes by internally assigned grades	'


		Residential				Commercial			Residential				Consumer
	30-Sep-14	Real Estate				Real Estate			Construction		Commercial		and other		Total
		(in thousands)
	Grade:
	Pass	$	179,603			$	34,118		$	1,223	$	1,555	$	607	$	217,106
	Special Mention		323				2,060			-		-		-		2,383
	Substandard		3,749				6,348			-		339		-		10,436
	Doubtful		-				1,655			-		-		-		1,655
	Loss		-				-			-		-		-		-
	Total	$	183,675			$	44,181		$	1,223	$	1,894	$	607	$	231,580

		Residential				Commercial			Residential				Consumer
	30-Jun-14	Real Estate				Real Estate			Construction		Commercial		and other		Total
		(in thousands)
	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

Schedule of the summary of troubled debt restructurings that have subsequently defaulted within one year of modification	'

		Three months ended
		30-Sep-13
		Number of			Recorded
		Contracts			Investment
		(Dollars in thousands)
	Real Estate:
	Residential		1		$	495

Nonperforming_Assets_Past_Due_1

Non-performing Assets, Past Due and Impaired Loans (Tables)	3 Months Ended
Non-performing Assets, Past Due and Impaired Loans (Tables)	Sep. 30, 2014
Non Performing Assets [Abstract]	'
Schedule of non performing assets	'


		At September 30,			At June 30,
		2014			2014
		(Dollars in thousands)
	Non-accrual loans:
	Real Estate:
	Residential	$	3,608		$	3,977
	Commercial real estate		2,932			3,051
	Commercial		27			28
	Total non-accrual loans		6,567			7,056

	Accruing loans past due 90 days or more:		-			-

	Total non-performing loans		6,567			7,056

	Other real estate owned		1,395			1,549
	Total non-performing assets	$	7,962		$	8,605

	Total non-performing loans to total loans		2.84	%		3.04	%
	Total non-performing assets to total assets		1.69	%		1.87	%
Schedule of the summary of past due loans	'

								90 days
		30–59 Days			60–89 Days			or greater		Total
	At September 30, 2014	Past Due			Past Due			Past Due		Past Due
		(in thousands)
	Real Estate:
	Residential	$	504		$	818		$	1,316	$	2,638
	Commercial		-			1,539			2,122		3,661
	Consumer and other		10			-			-		10
	Total	$	514		$	2,357		$	3,438	$	6,309

	At June 30, 2014

	Real Estate:
	Residential	$	358		$	571		$	1,497	$	2,426
	Commercial		-			383			2,208		2,591
	Consumer and other		6			-			-		6
	Total	$	364		$	954		$	3,705	$	5,023
Schedule of information pertaining to impaired loans	'

		At September 30, 2014								At June 30, 2014
					Unpaid							Unpaid
		Recorded			Principal			Related		Recorded		Principal		Related
		Investment			Balance			Allowance		Investment		Balance		Allowance
	Impaired loans without a valuation allowance:	(in thousands)
	Real Estate:
	Residential	$	2,067		$	2,192				$	2,101	$	2,229
	Commercial		3,844			4,320					3,646		4,122
	Commercial		294			294					397		397
	Total impaired with no valuation allowance		6,205			6,806					6,144		6,748

	Impaired loans with a valuation allowance:
	Real Estate:
	Residential		1,433			1,493		$	94		1,651		1,711	$	104
	Commercial		370			433			29		741		804		104
	Total impaired with a valuation allowance		1,803			1,926			123		2,392		2,515		208

	Total Impaired Loans:
	Real Estate:
	Residential		3,500			3,685			94		3,752		3,940		104
	Commercial		4,214			4,753			29		4,387		4,926		104
	Commercial		294			294			-		397		397		-
	Total impaired loans	$	8,008		$	8,732		$	123	$	8,536	$	9,263	$	208



		Three months ended								Three months ended
		30-Sep-14								30-Sep-13
		Average			Interest			Interest Income		Average		Interest		Interest Income
		Recorded			Income			Recognized		Recorded		Income		Recognized
		Investment			Recognized			on Cash Basis		Investment		Recognized		on Cash Basis
		(in thousands)
	Real Estate:
	Residential	$	3,626		$	12		$	-	$	3,831	$	19	$	7
	Commercial		4,300			21			-		3,504		3		-
	Commercial		346			5			-		-		-		-
	Consumer and other		-			-			-		16		-		-
	Total impaired loans	$	8,272		$	38		$	-	$	7,351	$	22	$	7

Allowance_for_Loan_Losses_Tabl

Allowance for Loan Losses (Tables)	3 Months Ended
Allowance for Loan Losses (Tables)	Sep. 30, 2014
Receivables [Abstract]	'
Schedule of analysis of the allowance for loan losses	'


	Three months ended
	30-Sep-14	Residential			Commercial			Residential						Consumer
		Real Estate			Real Estate			Construction			Commercial			and Other			Unallocated		Total
	Allowance for loan losses:	(in thousands)
	Beginning balance	$	1,279		$	907		$	13		$	12		$	24		$	145	$	2,380
	Charge-offs		(6	)		(32	)		-			-			(15	)		-		(53	)
	Recoveries		12			-			-			3			6			-		21
	Provision (credit)		(17	)		(11	)		(3	)		(3	)		9			25		-
	Ending Balance	$	1,268		$	864		$	10		$	12		$	24		$	170	$	2,348


	Three months ended
	30-Sep-13	Residential			Commercial			Residential						Consumer
		Real Estate			Real Estate			Construction			Commercial			and Other			Unallocated		Total
	Allowance for loan losses:	(in thousands)
	Beginning balance	$	1,201		$	1,315		$	22		$	17		$	36		$	102	$	2,693
	Charge-offs		(141	)		-			-			-			(13	)		-		(154	)
	Recoveries		3			-			3			3			5			-		14
	Provision (credit)		175			(151	)		(10	)		(1	)		1			6		20
	Ending Balance	$	1,238		$	1,164		$	15		$	19		$	29		$	108	$	2,573



	At September 30, 2014	Residential			Commercial			Residential						Consumer
		Real Estate			Real Estate			Construction			Commercial			and Other			Unallocated		Total
	(in thousands)
	Ending balance: Amount of allowance for loan losses for impaired loans	$	94		$	29		$	-		$	-		$	-		$	-	$	123

	Ending balance: Amount of allowance for loan
	losses for non-impaired loans	$	1,174		$	835		$	10		$	12		$	24		$	170	$	2,225

	Ending balance: Impaired loans	$	3,500		$	4,214		$	-		$	294		$	-		$	-	$	8,008

	Ending balance: Non-impaired loans	$	180,174		$	39,968		$	1,223		$	1,600		$	607		$	-	$	223,572


	At June 30, 2014	Residential			Commercial			Residential						Consumer
		Real Estate			Real Estate			Construction			Commercial			and Other			Unallocated		Total
	(in thousands)
	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


	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

Accumulated_Other_Comprehensiv1

Accumulated Other Comprehensive Income (Loss) (Tables)	3 Months Ended
Accumulated Other Comprehensive Income (Loss) (Tables)	Sep. 30, 2014
Accumulated Other Comprehensive Income (Loss), Net Of Tax [Abstract]	'
Schedule of accumulated other comprehensive income (loss)	'


		September 30,			June 30,
		2014			2014
		(in thousands)
	Net unrealized loss on securities available-for-sale	$	(221	)	$	(362	)
	Tax effect		77			125
	Accumulated other comprehensive loss	$	(144	)	$	(237	)

FAIR_VALUE_MEASUREMENTS_Tables

FAIR VALUE MEASUREMENTS (Tables)	3 Months Ended
FAIR VALUE MEASUREMENTS (Tables)	Sep. 30, 2014
Fair Value Disclosures [Abstract]	'
Schedule of summary of assets measured at fair value on a recurring basis	'

				Quoted Prices in			Significant		Significant
				Active Markets for			Other Observable		Unobservable
	At September 30, 2014	Total Fair		Identical Assets			Inputs		Inputs
	(in thousands)	Value		Level 1			Level 2		Level 3
	Securities available-for-sale:
	U.S. government and government-sponsored securities	$	965	$	-		$	965	$	-
	Corporate bonds and other securities		5,230		-			5,230		-
	U.S. Government-sponsored and guaranteed mortgage-backed securities		24,024		-			24,024		-
	Non-agency mortgage-backed securities		6,567		-			6,567		-
	Equity securities		9,988		-			-		9,988
	Total	$	46,774	$	-		$	36,786	$	9,988

				Quoted Prices in			Significant		Significant
				Active Markets for			Other Observable		Unobservable
	At June 30, 2014	Total Fair		Identical Assets			Inputs		Inputs
	(in thousands)	Value		Level 1			Level 2		Level 3
	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
Schedule of the changes in level 3 assets measured at fair value	'

	(in thousands)
	Beginning balance, June 30, 2014			$	10,000
	Unrealized losses included in other comprehensive income				(12	)
	Ending balance, September 30, 2014			$	9,988

Schedule of assets measured at fair value on a non-recurring basis and the adjustments to the carrying value	'

				Quoted Prices in							Total Losses
				Active Markets for			Significant Other		Significant		for the three
	At September 30, 2014	Total Fair		Identical Assets			Observable Inputs		Unobservable Inputs		months ended
		Value		Level 1			Level 2		Level 3		30-Sep-14
		(in thousands)
	Impaired loans	$	146	$	-		$	-	$	146	$	(5	)

				Quoted Prices in							Total Losses
				Active Markets for			Significant Other		Significant		for the three
	At September 30, 2013	Total Fair		Identical Assets			Observable Inputs		Unobservable Inputs		months ended
		Value		Level 1			Level 2		Level 3		30-Sep-13
		(in thousands)

	Impaired loans	$	121	$	-		$	-	$	121	$	(31	)
	Other real estate owned		276		-			-		276		(66	)
		$	397	$	-		$	-	$	397	$	(97	)
Schedule of estimated fair value of financial instruments which are held or issued for purposes other than trading	'


		30-Sep-14
		Carrying		Fair Value Hierarchy							Fair
		Amount		Level 1			Level 2		Level 3		Value
		(in thousands)
	Financial assets:
	Cash and cash equivalents	$	12,269	$	12,269		$	-	$	-	$	12,269
	Securities available-for-sale		46,774		-			36,786		9,988		46,774
	Securities held-to-maturity		150,248		-			151,015		-		151,015
	Federal Home Loan Bank stock		5,371		-			-		5,371		5,371
	Loans held-for-sale		541		-			-		544		544
	Loans, net		229,992		-			-		231,917		231,917
	Accrued interest receivable		1,128		-			-		1,128		1,128

	Financial liabilities:
	Deposits		348,937		-			-		350,791		350,791
	Mortgagors’ escrow accounts		1,156		-			-		1,156		1,156
	Federal Home Loan Bank advances		53,500		-			54,682		-		54,682
	Securities sold under agreements to repurchase		14,261		-			14,261		-		14,261
	Accrued interest payable		125		-			-		125		125

		30-Jun-14
		Carrying		Fair Value Hierarchy							Fair
		Amount		Level 1			Level 2		Level 3		Value
		(in thousands)
	Financial assets:
	Cash and cash equivalents	$	7,335	$	7,335		$	-	$	-	$	7,335
	Securities available-for-sale		48,081		-			38,081		10,000		48,081
	Securities held-to-maturity		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

Commitments_to_Extend_Credit_T

Commitments to Extend Credit (Tables)	3 Months Ended
Commitments to Extend Credit (Tables)	Sep. 30, 2014
Commitments To Extend Credit [Abstract]	'
Schedule of contractual amounts of outstanding commitments	'

		September 30,		June 30,
		2014		2014
		(in thousands)
	Commitments to extend credit:
	Loan commitments	$	3,105	$	2,867
	Unadvanced construction loans		1,505		1,658
	Unadvanced lines of credit		13,010		12,217
	Standby letters of credit		384		488
	Outstanding commitments	$	18,004	$	17,230

Organization_Detail_Textuals

Organization (Detail Textuals) (USD $)	Sep. 30, 2014	Jun. 30, 2014	Oct. 04, 2004
Organization [Line Items]	'	'	'
Common stock, shares issued	6,943,125	6,943,125	6,943,125
Eligible depositors of the bank and others	'	'	'
Organization [Line Items]	'	'	'
Common stock, shares issued	'	'	3,089,691
Percentage of common stock issued	'	'	44.50%
Common stock, issue price (in dollars per share)	'	'	10
Putnam Bancorp MHC	'	'	'
Organization [Line Items]	'	'	'
Common stock, shares issued	'	'	3,729,846
Percentage of common stock issued	'	'	53.70%
Putnam Savings Foundation	'	'	'
Organization [Line Items]	'	'	'
Common stock, shares issued	'	'	123,588
Percentage of common stock issued	'	'	1.80%

Recent_Accounting_Pronouncemen1

Recent Accounting Pronouncements (Detail Textuals)	Sep. 30, 2014
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]	'
Minimum ratio of common equity Tier 1 capital to risk weighted assets	4.50%
Minimum leverage ratio	4.00%
Total risk-weighted assets	2.50%
Minimum	'
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]	'
Minimum ratio of Tier 1 capital to risk-weighted assets	4.00%
Maximum	'
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]	'
Minimum ratio of Tier 1 capital to risk-weighted assets	6.00%

Earnings_Per_Share_EPS_The_com

Earnings Per Share (EPS) - The computation of EPS on basic and diluted basis (Details) (USD $)	3 Months Ended
In Thousands, except Share data, unless otherwise specified	Sep. 30, 2014		Sep. 30, 2013
Earnings Per Share [Abstract]	'		'
Net income	$303		$243
Weighted average common shares applicable to EPS	6,410,605		6,397,826
Effect of dilutive potential common shares	'	[1]	'	[1]
Weighted average common shares applicable to diluted EPS	6,410,605		6,397,826
Earnings per share:	'		'
Basic (in dollars per share)	$0.05		$0.04
Diluted (in dollars per share)	$0.05		$0.04

[1]	For the three months ended September 30, 2014 and 2013, options to purchase 199,106 were outstanding but not included in the computation of earnings per share because they were anti-dilutive.

Earnings_Per_Share_EPS_Detail_

Earnings Per Share (EPS) (Detail Textuals)	3 Months Ended
Earnings Per Share (EPS) (Detail Textuals)	Sep. 30, 2014	Sep. 30, 2013
Earnings Per Share [Abstract]	'	'
Number of options outstanding and excluded from computation of earnings per share	199,106	199,106

Investment_Securities_Carrying

Investment Securities - Carrying value and estimated market values of investment securities (Details) (USD $)	Sep. 30, 2014	Jun. 30, 2014
In Thousands, unless otherwise specified	Sep. 30, 2014	Jun. 30, 2014
Available-for-sale:	'	'
Available-for-sale securities, amortized cost basis	$46,995	$48,443
Available-for-sale securities, gross unrealized gains	934	924
Available-for-sale securities, gross unrealized (loss)	-1,155	-1,286
Available-for-sale securities, fair value	46,774	48,081
Held-to-maturity:	'	'
Held-to-maturity securities, amortized cost basis	150,248	142,176
Held-to-maturity securities, gross unrealized gain	1,985	2,147
Held-to-maturity securities, gross unrealized (loss)	-1,218	-1,066
Held-to-maturity securities, fair value	151,015	143,257
Debt securities	'	'
Available-for-sale:	'	'
Available-for-sale securities, amortized cost basis	36,995	38,443
Available-for-sale securities, gross unrealized gains	934	924
Available-for-sale securities, gross unrealized (loss)	-1,143	-1,286
Available-for-sale securities, fair value	36,786	38,081
Debt securities \| U.S. Government and government-sponsored securities	'	'
Available-for-sale:	'	'
Available-for-sale from one through five years, amortized cost basis	1,000	'
Available-for-sale from one through five years, gross unrealized gain	'	'
Available-for-sale from one through five years, gross unrealized (loss)	-35	'
Available-for-sale from one through five years, fair value	965	'
Available-for-sale from five through ten years, amortized cost basis	'	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
Available-for-sale from five through ten years, fair value	'	976
Held-to-maturity:	'	'
Held-to-maturity from one through five years, amortized cost basis	6,238	5,262
Held-to-maturity from one through five years, gross unrealized gain	'	4
Held-to-maturity from one through five years, gross unrealized (loss)	-50	-28
Held-to-maturity from one through five years, fair value	6,188	5,238
Held-to-maturity from five through ten years, amortized cost basis	3,955	4,929
Held-to-maturity from five through ten years, gross unrealized gains	91	122
Held-to-maturity from five through ten years, gross unrealized (loss)	-7	'
Held-to-maturity from five through ten years, fair value	4,039	5,051
Held-to-maturity securities, amortized cost basis	10,193	10,191
Held-to-maturity securities, gross unrealized gain	91	126
Held-to-maturity securities, gross unrealized (loss)	-57	-28
Held-to-maturity securities, fair value	10,227	10,289
Debt securities \| Corporate bonds and other securities	'	'
Available-for-sale:	'	'
Available-for-sale after ten years, amortized cost basis	5,999	5,999
Available-for-sale from after ten years, gross unrealized gain	'	'
Available-for-sale after ten years, gross unrealized (loss)	-769	-836
Available-for-sale after ten years, fair value	5,230	5,163
Debt securities \| U.S. Government sponsored and guaranteed mortgage-backed securities	'	'
Available-for-sale:	'	'
Available-for-sale from one through five years, amortized cost basis	609	684
Available-for-sale from one through five years, gross unrealized gain	31	37
Available-for-sale from one through five years, gross unrealized (loss)	'	'
Available-for-sale from one through five years, fair value	640	721
Available-for-sale from five through ten years, amortized cost basis	10,942	11,593
Available-for-sale from five through ten years, gross unrealized gain	88	189
Available-for-sale from five through ten years, gross unrealized (loss)	-7	'
Available-for-sale from five through ten years, fair value	11,023	11,782
Available-for-sale after ten years, amortized cost basis	11,972	12,426
Available-for-sale from after ten years, gross unrealized gain	423	377
Available-for-sale after ten years, gross unrealized (loss)	-34	-44
Available-for-sale after ten years, fair value	12,361	12,759
Available-for-sale securities, amortized cost basis	23,523	24,703
Available-for-sale securities, gross unrealized gains	542	603
Available-for-sale securities, gross unrealized (loss)	-41	-44
Available-for-sale securities, fair value	24,024	25,262
Held-to-maturity:	'	'
Held-to-maturity from five through ten years, amortized cost basis	4,153	4,445
Held-to-maturity from five through ten years, gross unrealized gains	159	190
Held-to-maturity from five through ten years, gross unrealized (loss)	'	'
Held-to-maturity from five through ten years, fair value	4,312	4,635
Held-to-maturity after ten years, amortized cost basis	135,902	127,540
Held-to-maturity after ten years gross unrealized gain	1,735	1,831
Held-to-maturity after ten years, gross unrealized (loss)	-1,161	-1,038
Held-to-maturity after ten years gross, fair value	136,476	128,333
Held-to-maturity securities, amortized cost basis	140,055	131,985
Held-to-maturity securities, gross unrealized gain	1,894	2,021
Held-to-maturity securities, gross unrealized (loss)	-1,161	-1,038
Held-to-maturity securities, fair value	140,788	132,968
Debt securities \| Non-agency mortgage-backed securities	'	'
Available-for-sale:	'	'
Available-for-sale after ten years, amortized cost basis	6,473	6,741
Available-for-sale from after ten years, gross unrealized gain	392	321
Available-for-sale after ten years, gross unrealized (loss)	-298	-382
Available-for-sale after ten years, fair value	6,567	6,680
Equity securities \| Auction rate preferred	'	'
Available-for-sale:	'	'
Available-for-sale securities, amortized cost basis	10,000	10,000
Available-for-sale securities, gross unrealized gains	'	'
Available-for-sale securities, gross unrealized (loss)	-12	'
Available-for-sale securities, fair value	$9,988	$10,000

Investment_Securities_Summary_

Investment Securities - Summary of the estimated fair value and related unrealized losses segregated by category (Details 1) (USD $)	Sep. 30, 2014		Jun. 30, 2014
In Thousands, unless otherwise specified	Sep. 30, 2014		Jun. 30, 2014
Schedule Of Available-For-Sale Securities and Held-To-Maturity Securities [Line Items]	'		'
Temporarily-impaired and other-than-temporarily impaired securities less than 12 months fair value	$51,937		$34,433
Temporarily-impaired and other-than-temporarily impaired securities less than 12 months unrealized losses	258		105
Temporarily-impaired and other-than-temporarily impaired securities 12 months or more fair value	56,785		63,212
Temporarily-impaired and other-than-temporarily impaired securities 12 months or more unrealized losses	2,115		2,247
Temporarily impaired and other than temporary impaired debt securities fair value	108,722		97,645
Temporarily impaired and other than temporary impaired debt securities unrealized losses	2,373		2,352
Temporarily impairment \| Debt securities	'		'
Schedule Of Available-For-Sale Securities and Held-To-Maturity Securities [Line Items]	'		'
Available-for-sale less than 12 months fair value	4,069		2,370
Available-for-sale less than 12 months unrealized losses	19		1
Available-for-sale 12 months or more fair value	8,856		10,070
Available-for-sale 12 months or more unrealized losses	838		903
Available-for-sale securities fair value	12,925		12,440
Available-for-sale securities unrealized losses	857		904
Held-to-maturity securities less than 12 months fair value	47,868		32,063
Held-to-maturity securities less than 12 months unrealized losses	239		104
Held-to-maturity securities 12 months or more fair value	44,719		49,841
Held-to-maturity securities 12 months or more unrealized losses	979		962
Held-to-maturity securities fair value	92,587		81,904
Held-to-maturity securities unrealized losses	1,218		1,066
Temporarily impairment \| Debt securities \| Corporate bonds and other securities	'		'
Schedule Of Available-For-Sale Securities and Held-To-Maturity Securities [Line Items]	'		'
Available-for-sale less than 12 months fair value	'		'
Available-for-sale less than 12 months unrealized losses	'		'
Available-for-sale 12 months or more fair value	5,230		5,163
Available-for-sale 12 months or more unrealized losses	769		836
Available-for-sale securities fair value	5,230		5,163
Available-for-sale securities unrealized losses	769		836
Temporarily impairment \| Debt securities \| U.S. Government and government-sponsored securities	'		'
Schedule Of Available-For-Sale Securities and Held-To-Maturity Securities [Line Items]	'		'
Available-for-sale less than 12 months fair value	'		'
Available-for-sale less than 12 months unrealized losses	'		'
Available-for-sale 12 months or more fair value	965		976
Available-for-sale 12 months or more unrealized losses	35		24
Available-for-sale securities fair value	965		976
Available-for-sale securities unrealized losses	35		24
Held-to-maturity securities less than 12 months fair value	4,965		1,004
Held-to-maturity securities less than 12 months unrealized losses	23		1
Held-to-maturity securities 12 months or more fair value	3,222		3,229
Held-to-maturity securities 12 months or more unrealized losses	34		27
Held-to-maturity securities fair value	8,187		4,233
Held-to-maturity securities unrealized losses	57		28
Temporarily impairment \| Debt securities \| U.S. Government-sponsored and guaranteed mortgage-backed securities	'		'
Schedule Of Available-For-Sale Securities and Held-To-Maturity Securities [Line Items]	'		'
Available-for-sale less than 12 months fair value	1,081		2,370
Available-for-sale less than 12 months unrealized losses	7		1
Available-for-sale 12 months or more fair value	2,661		3,931
Available-for-sale 12 months or more unrealized losses	34		43
Available-for-sale securities fair value	3,742		6,301
Available-for-sale securities unrealized losses	41		44
Held-to-maturity securities less than 12 months fair value	42,903		31,059
Held-to-maturity securities less than 12 months unrealized losses	216		103
Held-to-maturity securities 12 months or more fair value	41,497		46,612
Held-to-maturity securities 12 months or more unrealized losses	945		935
Held-to-maturity securities fair value	84,400		77,671
Held-to-maturity securities unrealized losses	1,161		1,038
Temporarily impairment \| Equity securities	'		'
Schedule Of Available-For-Sale Securities and Held-To-Maturity Securities [Line Items]	'		'
Available-for-sale less than 12 months fair value	2,988		'
Available-for-sale less than 12 months unrealized losses	12		'
Available-for-sale 12 months or more fair value	'		'
Available-for-sale 12 months or more unrealized losses	'		'
Available-for-sale securities fair value	2,988		'
Available-for-sale securities unrealized losses	12		'
Other-than-temporarily impairment \| Debt securities \| Non-agency mortgage-backed securities	'		'
Schedule Of Available-For-Sale Securities and Held-To-Maturity Securities [Line Items]	'		'
Available-for-sale less than 12 months fair value	'	[1]	'	[1]
Available-for-sale less than 12 months unrealized losses	'	[1]	'	[1]
Available-for-sale 12 months or more fair value	3,210	[1]	3,301	[1]
Available-for-sale 12 months or more unrealized losses	298	[1]	382	[1]
Available-for-sale securities fair value	3,210	[1]	3,301	[1]
Available-for-sale securities unrealized losses	$298	[1]	$382	[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 income/loss.

Investment_Securities_Amount_o

Investment Securities - Amount of credit losses on debt securities for which a portion of an other-than-temporary impairment was recognized in other comprehensive income (Details 2) (USD $)	3 Months Ended	12 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Jun. 30, 2014
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Roll Forward]	'	'
Balance	$15,743	$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	103	10
Reductions for securities sold during the period	'	'
Balance	$15,846	$15,743

Investment_Securities_Detail_T

Investment Securities (Detail Textuals) (USD $)	3 Months Ended		12 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Jun. 30, 2014
	Security	Sep. 30, 2013	Security
Investments, Debt and Equity Securities [Abstract]	'	'	'
Other-than-temporary impairment charges on available-for-sale securities	$103,000	$3,000	'
Write-downs of securities included total other-than-temporary impairment losses	300,000	11,000	'
Portion of losses recognized in other comprehensive loss/income	$197,000	$8,000	'
Number of individual investment securities with unrealized losses	61	'	57
Percentage of amortized cost basis as aggregate depreciation of investment securities	2.10%	'	1.30%

Investment_Securities_Detail_T1

Investment Securities (Detail Textuals 1) (USD $)	Sep. 30, 2014	Jun. 30, 2014
In Thousands, unless otherwise specified	Sep. 30, 2014	Jun. 30, 2014
Schedule Of Available-For-Sale Securities and Held-To-Maturity Securities [Line Items]	'	'
Book value of available-for-sale securities	$46,995	$48,443
Fair value of available-for-sale securities	46,774	48,081
Available-for-sale securities, gross unrealized (loss)	-1,155	-1,286
Trust preferred securities (TRUPs) \| Equity securities	'	'
Schedule Of Available-For-Sale Securities and Held-To-Maturity Securities [Line Items]	'	'
Number of investments in trust preferred securities	5	'
Book value of available-for-sale securities	6,000	'
Fair value of available-for-sale securities	5,200	'
Auction rate preferred securities (ARP) \| Equity securities	'	'
Schedule Of Available-For-Sale Securities and Held-To-Maturity Securities [Line Items]	'	'
Number of investments in trust preferred securities	3	'
Book value of available-for-sale securities	10,000	10,000
Fair value of available-for-sale securities	9,988	10,000
Available-for-sale securities, gross unrealized (loss)	($12)	'

Loans_Summary_of_loans_Details

Loans - Summary of loans (Details) (USD $)	Sep. 30, 2014		Jun. 30, 2014
In Thousands, unless otherwise specified	Sep. 30, 2014		Jun. 30, 2014
Accounts, Notes, Loans and Financing Receivable [Line Items]	'		'
Allowance for loan losses	($2,348)		($2,380)
Loans, net	229,992		230,126
Loans receivables	'		'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'		'
Total loans	233,085		233,459
Unadvanced construction loans	-1,505		-1,658
Total loans after unadvanced construction loans	231,580		231,801
Net deferred loan costs	760		705
Allowance for loan losses	-2,348		-2,380
Loans, net	229,992		230,126
Loans receivables \| Real Estate Residential	'		'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'		'
Total loans	183,675	[1]	184,380	[1]
Total loans after unadvanced construction loans	183,675		184,380
Loans receivables \| Real Estate Commercial	'		'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'		'
Total loans	44,524		43,887
Total loans after unadvanced construction loans	44,181		43,315
Loans receivables \| Real Estate Residential construction	'		'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'		'
Total loans	2,385		2,661
Total loans after unadvanced construction loans	1,223		1,575
Loans receivables \| Commercial	'		'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'		'
Total loans	1,894		1,904
Total loans after unadvanced construction loans	1,894		1,904
Loans receivables \| Consumer and other	'		'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'		'
Total loans	607		627
Total loans after unadvanced construction loans	$607		$627

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

Loans_Loan_segments_by_interna

Loans - Loan segments by internally assigned grades (Details 1) (Loans receivables, USD $)	Sep. 30, 2014	Jun. 30, 2014
In Thousands, unless otherwise specified	Sep. 30, 2014	Jun. 30, 2014
Accounts, Notes, Loans and Financing Receivable [Line Items]	'	'
Total loans after unadvanced construction loans	$231,580	$231,801
Pass	'	'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'	'
Total loans after unadvanced construction loans	217,106	216,775
Special Mention	'	'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'	'
Total loans after unadvanced construction loans	2,383	2,240
Substandard	'	'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'	'
Total loans after unadvanced construction loans	10,436	11,123
Doubtful	'	'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'	'
Total loans after unadvanced construction loans	1,655	1,663
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	183,675	184,380
Residential Real Estate \| Pass	'	'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'	'
Total loans after unadvanced construction loans	179,603	180,080
Residential Real Estate \| Special Mention	'	'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'	'
Total loans after unadvanced construction loans	323	175
Residential Real Estate \| Substandard	'	'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'	'
Total loans after unadvanced construction loans	3,749	4,125
Residential Real Estate \| Doubtful	'	'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'	'
Total loans after unadvanced construction loans	'	'
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	44,181	43,315
Commercial Real Estate \| Pass	'	'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'	'
Total loans after unadvanced construction loans	34,118	33,034
Commercial Real Estate \| Special Mention	'	'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'	'
Total loans after unadvanced construction loans	2,060	2,065
Commercial Real Estate \| Substandard	'	'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'	'
Total loans after unadvanced construction loans	6,348	6,553
Commercial Real Estate \| Doubtful	'	'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'	'
Total loans after unadvanced construction loans	1,655	1,663
Commercial Real Estate \| Loss	'	'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'	'
Total loans after unadvanced construction loans	'	'
Real Estate Residential construction	'	'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'	'
Total loans after unadvanced construction loans	1,223	1,575
Real Estate Residential construction \| Pass	'	'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'	'
Total loans after unadvanced construction loans	1,223	1,575
Real Estate Residential construction \| Special Mention	'	'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'	'
Total loans after unadvanced construction loans	'	'
Real Estate Residential construction \| Substandard	'	'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'	'
Total loans after unadvanced construction loans	'	'
Real Estate Residential construction \| Doubtful	'	'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'	'
Total loans after unadvanced construction loans	'	'
Real Estate 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	1,894	1,904
Commercial \| Pass	'	'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'	'
Total loans after unadvanced construction loans	1,555	1,459
Commercial \| Special Mention	'	'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'	'
Total loans after unadvanced construction loans	'	'
Commercial \| Substandard	'	'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'	'
Total loans after unadvanced construction loans	339	445
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	607	627
Consumer and other \| Pass	'	'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'	'
Total loans after unadvanced construction loans	607	627
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	'	'

Loans_Summary_of_troubled_debt

Loans - Summary of troubled debt restructurings subsequently defaulted within one year of modification (Details 3) (Loans receivables, Real Estate Residential, USD $)	3 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013
	Security
Loans receivables \| Real Estate Residential	'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'
Number of Contracts	1
Recorded Investment	$495

Nonperforming_Assets_Past_Due_2

Non-performing Assets, Past Due and Impaired Loans - Amounts and categories of non performing assets (Details) (USD $)	Sep. 30, 2014	Jun. 30, 2014
In Thousands, unless otherwise specified	Sep. 30, 2014	Jun. 30, 2014
Accruing loans past due 90 days or more:	'	'
Other real estate owned	$1,395	$1,549
Loans receivables	'	'
Non-accrual loans:	'	'
Total non-accrual loans	6,567	7,056
Accruing loans past due 90 days or more:	'	'
Total accruing loans past due 90 days or more	'	'
Total non-performing loans	6,567	7,056
Other real estate owned	1,395	1,549
Total non-performing assets	7,962	8,605
Total non-performing loans to total loans	2.84%	3.04%
Total non-performing assets to total assets	1.69%	1.87%
Loans receivables \| Real Estate Residential	'	'
Non-accrual loans:	'	'
Total non-accrual loans	3,608	3,977
Loans receivables \| Real Estate Commercial	'	'
Non-accrual loans:	'	'
Total non-accrual loans	2,932	3,051
Loans receivables \| Commercial	'	'
Non-accrual loans:	'	'
Total non-accrual loans	$27	$28

Nonperforming_Assets_Past_Due_3

Non-performing Assets, Past Due and Impaired Loans - Past due loans (Details 1) (Loans receivables, USD $)	Sep. 30, 2014	Jun. 30, 2014
In Thousands, unless otherwise specified	Sep. 30, 2014	Jun. 30, 2014
Financing Receivable, Recorded Investment, Past Due [Line Items]	'	'
30-59 Days Past Due	$514	$364
60-89 Days Past Due	2,357	954
90 days or greater Past Due	3,438	3,705
Total Past Due	6,309	5,023
Real Estate Residential	'	'
Financing Receivable, Recorded Investment, Past Due [Line Items]	'	'
30-59 Days Past Due	504	358
60-89 Days Past Due	818	571
90 days or greater Past Due	1,316	1,497
Total Past Due	2,638	2,426
Real Estate Commercial	'	'
Financing Receivable, Recorded Investment, Past Due [Line Items]	'	'
30-59 Days Past Due	'	'
60-89 Days Past Due	1,539	383
90 days or greater Past Due	2,122	2,208
Total Past Due	3,661	2,591
Consumer and other	'	'
Financing Receivable, Recorded Investment, Past Due [Line Items]	'	'
30-59 Days Past Due	10	6
60-89 Days Past Due	'	'
90 days or greater Past Due	'	'
Total Past Due	$10	$6

Nonperforming_Assets_Past_Due_4

Non-performing Assets, Past Due and Impaired Loans - Summary of impaired loans (Details 2) (Loans receivables, USD $)	Sep. 30, 2014	Jun. 30, 2014
In Thousands, unless otherwise specified	Sep. 30, 2014	Jun. 30, 2014
Financing Receivable, Impaired [Line Items]	'	'
Impaired loans with no valuation allowance, recorded investment	$6,205	$6,144
Impaired loans with no valuation allowance, unpaid principal balance	6,806	6,748
Impaired loans with a valuation allowance, recorded investment	1,803	2,392
Impaired loans with a valuation allowance, unpaid principal balance	1,926	2,515
Impaired loans with a valuation allowance, related allowance	123	208
Total impaired loans, recorded investment	8,008	8,536
Total impaired loans, unpaid principal balance	8,732	9,263
Total impaired loans, related allowance	123	208
Real Estate Residential	'	'
Financing Receivable, Impaired [Line Items]	'	'
Impaired loans with no valuation allowance, recorded investment	2,067	2,101
Impaired loans with no valuation allowance, unpaid principal balance	2,192	2,229
Impaired loans with a valuation allowance, recorded investment	1,433	1,651
Impaired loans with a valuation allowance, unpaid principal balance	1,493	1,711
Impaired loans with a valuation allowance, related allowance	94	104
Total impaired loans, recorded investment	3,500	3,752
Total impaired loans, unpaid principal balance	3,685	3,940
Total impaired loans, related allowance	94	104
Real Estate Commercial	'	'
Financing Receivable, Impaired [Line Items]	'	'
Impaired loans with no valuation allowance, recorded investment	3,844	3,646
Impaired loans with no valuation allowance, unpaid principal balance	4,320	4,122
Impaired loans with a valuation allowance, recorded investment	370	741
Impaired loans with a valuation allowance, unpaid principal balance	433	804
Impaired loans with a valuation allowance, related allowance	29	104
Total impaired loans, recorded investment	4,214	4,387
Total impaired loans, unpaid principal balance	4,753	4,926
Total impaired loans, related allowance	29	104
Commercial	'	'
Financing Receivable, Impaired [Line Items]	'	'
Impaired loans with no valuation allowance, recorded investment	294	397
Impaired loans with no valuation allowance, unpaid principal balance	294	397
Impaired loans with a valuation allowance, related allowance	'	'
Total impaired loans, recorded investment	294	397
Total impaired loans, unpaid principal balance	294	397
Total impaired loans, related allowance	'	'

Nonperforming_Assets_Past_Due_5

Non-performing Assets, Past Due and Impaired Loans - Summary of additional information to impaired loans (Details 3) (Loans receivables, USD $)	3 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013
Financing Receivable, Impaired [Line Items]	'	'
Average Recorded Investment	$8,272	$7,351
Interest Income Recognized	38	22
Interest Income Recognized on Cash Basis	'	7
Real Estate Residential	'	'
Financing Receivable, Impaired [Line Items]	'	'
Average Recorded Investment	3,626	3,831
Interest Income Recognized	12	19
Interest Income Recognized on Cash Basis	'	7
Real Estate Commercial	'	'
Financing Receivable, Impaired [Line Items]	'	'
Average Recorded Investment	4,300	3,504
Interest Income Recognized	21	3
Interest Income Recognized on Cash Basis	'	'
Commercial	'	'
Financing Receivable, Impaired [Line Items]	'	'
Average Recorded Investment	346	'
Interest Income Recognized	5	'
Interest Income Recognized on Cash Basis	'	'
Consumer and other	'	'
Financing Receivable, Impaired [Line Items]	'	'
Average Recorded Investment	'	16
Interest Income Recognized	'	'
Interest Income Recognized on Cash Basis	'	'

Allowance_for_Loan_Losses_Anal

Allowance for Loan Losses - Analysis of allowance for loan losses (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013
Financing Receivable, Allowance for Credit Losses [Roll Forward]	'	'
Provision (credit)	'	$20
Loans receivables	'	'
Financing Receivable, Allowance for Credit Losses [Roll Forward]	'	'
Beginning balance	2,380	2,693
Charge-offs	-53	-154
Recoveries	21	14
Provision (credit)	'	20
Ending Balance	2,348	2,573
Loans receivables \| Residential Real Estate	'	'
Financing Receivable, Allowance for Credit Losses [Roll Forward]	'	'
Beginning balance	1,279	1,201
Charge-offs	-6	-141
Recoveries	12	3
Provision (credit)	-17	175
Ending Balance	1,268	1,238
Loans receivables \| Commercial Real Estate	'	'
Financing Receivable, Allowance for Credit Losses [Roll Forward]	'	'
Beginning balance	907	1,315
Charge-offs	-32	'
Recoveries	'	'
Provision (credit)	-11	-151
Ending Balance	864	1,164
Loans receivables \| Residential Construction	'	'
Financing Receivable, Allowance for Credit Losses [Roll Forward]	'	'
Beginning balance	13	22
Charge-offs	'	'
Recoveries	'	3
Provision (credit)	-3	-10
Ending Balance	10	15
Loans receivables \| Commercial	'	'
Financing Receivable, Allowance for Credit Losses [Roll Forward]	'	'
Beginning balance	12	17
Charge-offs	'	'
Recoveries	3	3
Provision (credit)	-3	-1
Ending Balance	12	19
Loans receivables \| Consumer and Other	'	'
Financing Receivable, Allowance for Credit Losses [Roll Forward]	'	'
Beginning balance	24	36
Charge-offs	-15	-13
Recoveries	6	5
Provision (credit)	9	1
Ending Balance	24	29
Loans receivables \| Unallocated	'	'
Financing Receivable, Allowance for Credit Losses [Roll Forward]	'	'
Beginning balance	145	102
Charge-offs	'	'
Recoveries	'	'
Provision (credit)	25	6
Ending Balance	$170	$108

Allowance_for_Loan_Losses_Furt

Allowance for Loan Losses - Further information pertaining to allowance for loan losses (Details 1) (USD $)	Sep. 30, 2014	Jun. 30, 2014
In Thousands, unless otherwise specified	Sep. 30, 2014	Jun. 30, 2014
Impaired loan receivables	'	'
Financing Receivable, Allowance for Credit Losses [Line Items]	'	'
Ending balance: Amount of allowance for loan losses for impaired loans	$123	$208
Ending balance: Impaired loans	8,008	8,536
Impaired loan receivables \| Residential Real Estate	'	'
Financing Receivable, Allowance for Credit Losses [Line Items]	'	'
Ending balance: Amount of allowance for loan losses for impaired loans	94	104
Ending balance: Impaired loans	3,500	3,752
Impaired loan receivables \| Commercial Real Estate	'	'
Financing Receivable, Allowance for Credit Losses [Line Items]	'	'
Ending balance: Amount of allowance for loan losses for impaired loans	29	104
Ending balance: Impaired loans	4,214	4,387
Impaired loan receivables \| Residential Construction	'	'
Financing Receivable, Allowance for Credit Losses [Line Items]	'	'
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 [Line Items]	'	'
Ending balance: Amount of allowance for loan losses for impaired loans	'	'
Ending balance: Impaired loans	294	397
Impaired loan receivables \| Consumer and Other	'	'
Financing Receivable, Allowance for Credit Losses [Line Items]	'	'
Ending balance: Amount of allowance for loan losses for impaired loans	'	'
Ending balance: Impaired loans	'	'
Impaired loan receivables \| Unallocated	'	'
Financing Receivable, Allowance for Credit Losses [Line Items]	'	'
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 [Line Items]	'	'
Ending balance: Amount of allowance for loan losses for impaired loans	2,225	2,172
Ending balance: Impaired loans	223,572	223,265
Non-impaired loan receivables \| Residential Real Estate	'	'
Financing Receivable, Allowance for Credit Losses [Line Items]	'	'
Ending balance: Amount of allowance for loan losses for impaired loans	1,174	1,175
Ending balance: Impaired loans	180,174	180,628
Non-impaired loan receivables \| Commercial Real Estate	'	'
Financing Receivable, Allowance for Credit Losses [Line Items]	'	'
Ending balance: Amount of allowance for loan losses for impaired loans	835	803
Ending balance: Impaired loans	39,968	38,928
Non-impaired loan receivables \| Residential Construction	'	'
Financing Receivable, Allowance for Credit Losses [Line Items]	'	'
Ending balance: Amount of allowance for loan losses for impaired loans	10	13
Ending balance: Impaired loans	1,223	1,575
Non-impaired loan receivables \| Commercial	'	'
Financing Receivable, Allowance for Credit Losses [Line Items]	'	'
Ending balance: Amount of allowance for loan losses for impaired loans	12	12
Ending balance: Impaired loans	1,600	1,507
Non-impaired loan receivables \| Consumer and Other	'	'
Financing Receivable, Allowance for Credit Losses [Line Items]	'	'
Ending balance: Amount of allowance for loan losses for impaired loans	24	24
Ending balance: Impaired loans	607	627
Non-impaired loan receivables \| Unallocated	'	'
Financing Receivable, Allowance for Credit Losses [Line Items]	'	'
Ending balance: Amount of allowance for loan losses for impaired loans	170	145
Ending balance: Impaired loans	'	'

Accumulated_Other_Comprehensiv2

Accumulated Other Comprehensive Income (Loss) (Details) (USD $)	Sep. 30, 2014	Jun. 30, 2014
In Thousands, unless otherwise specified	Sep. 30, 2014	Jun. 30, 2014
Accumulated Other Comprehensive Income (Loss), Net Of Tax [Abstract]	'	'
Net unrealized loss on securities available-for-sale	($221)	($362)
Tax effect	77	125
Accumulated other comprehensive loss	($144)	($237)

FAIR_VALUE_MEASUREMENTS_Assets

FAIR VALUE MEASUREMENTS - Assets measured at fair value on a recurring basis (Details) (Fair Value, Measurements, Recurring, USD $)	Sep. 30, 2014	Jun. 30, 2014
In Thousands, unless otherwise specified	Sep. 30, 2014	Jun. 30, 2014
Total Fair Value	'	'
Available-for-sale:	'	'
Assets measured at fair value	$46,774	$48,081
Total Fair Value \| U.S. government and government-sponsored securities	'	'
Available-for-sale:	'	'
Assets measured at fair value	965	976
Total Fair Value \| Corporate bonds and other securities	'	'
Available-for-sale:	'	'
Assets measured at fair value	5,230	5,163
Total Fair Value \| U.S. Government-sponsored and guaranteed mortgage-backed securities	'	'
Available-for-sale:	'	'
Assets measured at fair value	24,024	25,262
Total Fair Value \| Non-agency mortgage-backed securities	'	'
Available-for-sale:	'	'
Assets measured at fair value	6,567	6,680
Total Fair Value \| Equity securities	'	'
Available-for-sale:	'	'
Assets measured at fair value	9,988	10,000
Quoted Prices in Active Markets for Identical Assets Level 1	'	'
Available-for-sale:	'	'
Assets measured at fair value	'	'
Quoted Prices in Active Markets for Identical Assets Level 1 \| U.S. government and government-sponsored securities	'	'
Available-for-sale:	'	'
Assets measured at fair value	'	'
Quoted Prices in Active Markets for Identical Assets Level 1 \| Corporate bonds and other securities	'	'
Available-for-sale:	'	'
Assets measured at fair value	'	'
Quoted Prices in Active Markets for Identical Assets Level 1 \| U.S. Government-sponsored and guaranteed mortgage-backed securities	'	'
Available-for-sale:	'	'
Assets measured at fair value	'	'
Quoted Prices in Active Markets for Identical Assets Level 1 \| Non-agency mortgage-backed securities	'	'
Available-for-sale:	'	'
Assets measured at fair value	'	'
Quoted Prices in Active Markets for Identical Assets Level 1 \| Equity securities	'	'
Available-for-sale:	'	'
Assets measured at fair value	'	'
Significant Other Observable Inputs Level 2	'	'
Available-for-sale:	'	'
Assets measured at fair value	36,786	38,081
Significant Other Observable Inputs Level 2 \| U.S. government and government-sponsored securities	'	'
Available-for-sale:	'	'
Assets measured at fair value	965	976
Significant Other Observable Inputs Level 2 \| Corporate bonds and other securities	'	'
Available-for-sale:	'	'
Assets measured at fair value	5,230	5,163
Significant Other Observable Inputs Level 2 \| U.S. Government-sponsored and guaranteed mortgage-backed securities	'	'
Available-for-sale:	'	'
Assets measured at fair value	24,024	25,262
Significant Other Observable Inputs Level 2 \| Non-agency mortgage-backed securities	'	'
Available-for-sale:	'	'
Assets measured at fair value	6,567	6,680
Significant Other Observable Inputs Level 2 \| Equity securities	'	'
Available-for-sale:	'	'
Assets measured at fair value	'	'
Significant Unobservable Inputs Level 3	'	'
Available-for-sale:	'	'
Assets measured at fair value	9,988	10,000
Significant Unobservable Inputs Level 3 \| U.S. government and government-sponsored securities	'	'
Available-for-sale:	'	'
Assets measured at fair value	'	'
Significant Unobservable Inputs Level 3 \| Corporate bonds and other securities	'	'
Available-for-sale:	'	'
Assets measured at fair value	'	'
Significant Unobservable Inputs Level 3 \| U.S. Government-sponsored and guaranteed mortgage-backed securities	'	'
Available-for-sale:	'	'
Assets measured at fair value	'	'
Significant Unobservable Inputs Level 3 \| Non-agency mortgage-backed securities	'	'
Available-for-sale:	'	'
Assets measured at fair value	'	'
Significant Unobservable Inputs Level 3 \| Equity securities	'	'
Available-for-sale:	'	'
Assets measured at fair value	$9,988	$10,000

FAIR_VALUE_MEASUREMENTS_Change

FAIR VALUE MEASUREMENTS - Changes in level 3 assets measured at fair value (Details 1) (Available-for-sale securities, USD $)	3 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014
Available-for-sale securities	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'
Beginning balance, June 30, 2014	$10,000
Unrealized losses included in other comprehensive income	-12
Ending balance, September 30, 2014	$9,988

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 $)	3 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Total Losses	'	($97)
Total Fair Value	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Assets, fair value	'	397
Quoted Prices in Active Markets for Identical Assets Level 1	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Assets, fair value	'	'
Significant Other Observable Inputs Level 2	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Assets, fair value	'	'
Significant Unobservable Inputs Level 3	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Assets, fair value	'	397
Impaired loan	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Total Losses	-5	-31
Impaired loan \| Total Fair Value	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Assets, fair value	146	121
Impaired loan \| Quoted Prices in Active Markets for Identical Assets Level 1	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Assets, fair value	'	'
Impaired loan \| Significant Other Observable Inputs Level 2	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Assets, fair value	'	'
Impaired loan \| Significant Unobservable Inputs Level 3	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Assets, fair value	146	121
Other real estate owned	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Total Losses	'	-66
Other real estate owned \| Total Fair Value	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Assets, fair value	'	276
Other real estate owned \| Quoted Prices in Active Markets for Identical Assets Level 1	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Assets, fair value	'	'
Other real estate owned \| Significant Other Observable Inputs Level 2	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Assets, fair value	'	'
Other real estate owned \| Significant Unobservable Inputs Level 3	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Assets, fair value	'	$276

FAIR_VALUE_MEASUREMENTS_Compan

FAIR VALUE MEASUREMENTS - Company's financial instruments, all of which are held or issued for purposes other than trading (Details 3) (USD $)	Sep. 30, 2014	Jun. 30, 2014
In Thousands, unless otherwise specified	Sep. 30, 2014	Jun. 30, 2014
Financial assets:	'	'
Securities available-for-sale	$46,774	$48,081
Securities held-to-maturity	151,015	143,257
Accrued interest receivable	1,128	1,018
Financial liabilities:	'	'
Mortgagors' escrow accounts	1,156	2,267
Carrying Amount	'	'
Financial assets:	'	'
Cash and cash equivalents	12,269	7,335
Securities available-for-sale	46,774	48,081
Securities held-to-maturity	150,248	142,176
Federal Home Loan Bank Stock	5,371	5,927
Loans held-for-sale	541	100
Loans, net	229,992	230,126
Accrued interest receivable	1,128	1,018
Financial liabilities:	'	'
Deposits	348,937	347,256
Mortgagors' escrow accounts	1,156	2,267
Federal Home Loan Bank advances	53,500	53,500
Securities sold under agreements to repurchase	14,261	4,181
Accrued interest payable	125	124
Fair Value Hierarchy Level 1	'	'
Financial assets:	'	'
Cash and cash equivalents	12,269	7,335
Securities available-for-sale	'	'
Securities held-to-maturity	'	'
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	'	'
Fair Value Hierarchy Level 2	'	'
Financial assets:	'	'
Cash and cash equivalents	'	'
Securities available-for-sale	36,786	38,081
Securities held-to-maturity	151,015	143,257
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	54,682	55,196
Securities sold under agreements to repurchase	14,261	4,181
Accrued interest payable	'	'
Fair Value Hierarchy Level 3	'	'
Financial assets:	'	'
Cash and cash equivalents	'	'
Securities available-for-sale	9,988	10,000
Securities held-to-maturity	'	'
Federal Home Loan Bank Stock	5,371	5,927
Loans held-for-sale	544	101
Loans, net	231,917	231,986
Accrued interest receivable	1,128	1,018
Financial liabilities:	'	'
Deposits	350,791	349,235
Mortgagors' escrow accounts	1,156	2,267
Federal Home Loan Bank advances	'	'
Securities sold under agreements to repurchase	'	'
Accrued interest payable	125	124
Fair Value	'	'
Financial assets:	'	'
Cash and cash equivalents	12,269	7,335
Securities available-for-sale	46,774	48,081
Securities held-to-maturity	151,015	143,257
Federal Home Loan Bank Stock	5,371	5,927
Loans held-for-sale	544	101
Loans, net	231,917	231,986
Accrued interest receivable	1,128	1,018
Financial liabilities:	'	'
Deposits	350,791	349,235
Mortgagors' escrow accounts	1,156	2,267
Federal Home Loan Bank advances	54,682	55,196
Securities sold under agreements to repurchase	14,261	4,181
Accrued interest payable	$125	$124

StockBased_Incentive_Plan_Deta

Stock-Based Incentive Plan (Detail Textuals) (Stock Based Incentive Plan)	Sep. 30, 2014	Jun. 30, 2014	Oct. 21, 2005
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'	'
Maximum number of shares can be granted to employees, officers and directors	'	'	476,298
Stock Options	'	'	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'	'
Maximum number of shares can be granted to employees, officers and directors	'	'	340,213
Number of shares available to be issued	141,107	141,107	'
Restricted Stock	'	'	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'	'
Maximum number of shares can be granted to employees, officers and directors	'	'	136,085
Number of shares available to be issued	15,717	15,717	'

Commitments_to_Extend_Credit_C

Commitments to Extend Credit - Contractual amounts of outstanding commitments (Details) (USD $)	Sep. 30, 2014	Jun. 30, 2014
In Thousands, unless otherwise specified	Sep. 30, 2014	Jun. 30, 2014
Commitments to extend credit:	'	'
Outstanding commitments	$18,004	$17,230
Loan commitments	'	'
Commitments to extend credit:	'	'
Outstanding commitments	3,105	2,867
Unadvanced construction loans	'	'
Commitments to extend credit:	'	'
Outstanding commitments	1,505	1,658
Unadvanced lines of credit	'	'
Commitments to extend credit:	'	'
Outstanding commitments	13,010	12,217
Standby letters of credit	'	'
Commitments to extend credit:	'	'
Outstanding commitments	$384	$488