Document and Entity Information
Document and Entity Information - shares | 3 Months Ended | |
Sep. 30, 2015 | Nov. 12, 2015 | |
Document and Entity Information | ||
Entity Registrant Name | Anchor Bancorp | |
Entity Central Index Key | 1,448,301 | |
Current Fiscal Year End Date | --06-30 | |
Entity Filer Category | Smaller Reporting Company | |
Document Type | 10-Q | |
Document Period End Date | Sep. 30, 2015 | |
Document Fiscal Year Focus | 2,016 | |
Document Fiscal Period Focus | Q1 | |
Amendment Flag | false | |
Entity Common Stock, Shares Outstanding | 2,500,000 |
ANCHOR BANCORP AND SUBSIDIARY C
ANCHOR BANCORP AND SUBSIDIARY CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (Unaudited) - USD ($) $ in Thousands | Sep. 30, 2015 | Jun. 30, 2015 |
ASSETS | ||
Cash and cash equivalents | $ 19,657 | $ 14,450 |
Securities available for sale, at fair value | 27,942 | 29,565 |
Securities held to maturity, at amortized cost | 7,330 | 7,617 |
Loans Receivable Held-for-sale, Amount | 0 | 505 |
Loans receivable, net of allowance for loan losses | 285,079 | 283,444 |
Life Insurance Investment, net of surrender charges | 19,132 | 19,001 |
Accrued interest receivable | 925 | 1,069 |
Real estate owned, net | 302 | 797 |
Federal Home Loan Bank (FHLB) stock, at cost | 853 | 853 |
Property, premises and equipment, at cost, less accumulated depreciation | 10,079 | 10,370 |
Deferred tax asset, net | 8,794 | 8,867 |
Prepaid expenses and other assets | 839 | 2,692 |
Total assets | 380,932 | 379,230 |
Deposits: | ||
Noninterest-bearing | 51,211 | 44,719 |
Interest-bearing | 249,868 | 255,093 |
Total deposits | 301,079 | 299,812 |
FHLB advances | 10,000 | 10,000 |
Advance payments by borrowers for taxes and insurance | 995 | 1,002 |
Supplemental Executive Retirement Plan liability | 1,737 | 1,814 |
Accounts payable and other liabilities | 3,829 | 2,879 |
Total liabilities | 317,640 | 315,507 |
STOCKHOLDERS' EQUITY | ||
Preferred stock, $.01 par value per share | 0 | 0 |
Common stock, $.01 par value per share | 25 | 25 |
Additional paid-in capital | 22,550 | 23,404 |
Retained earnings | 42,084 | 41,741 |
Unearned Employee stock ownership plan (ESOP) shares | (718) | (736) |
Accumulated other comprehensive income, net of tax | (649) | (711) |
Total stockholders' equity | 63,292 | 63,723 |
Total liabilities and stockholders' equity | $ 380,932 | $ 379,230 |
ANCHOR BANCORP AND SUBSIDIARY 3
ANCHOR BANCORP AND SUBSIDIARY CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - Parenthetical (Unaudited) - USD ($) $ in Thousands | Sep. 30, 2015 | Jun. 30, 2015 |
ASSETS | ||
Amortized cost of securities available for sale | $ 27,979 | $ 29,696 |
Securities held to maturity | 7,425 | 7,692 |
Allowance for loan losses on loans receivable | 3,687 | 3,721 |
Accumulated depreciation of property, premises and equipment | $ 11,691 | $ 13,482 |
STOCKHOLDERS' EQUITY | ||
Preferred stock par value per share | $ 0.01 | $ 0.01 |
Preferred stock shares authorized | 5,000,000 | 5,000,000 |
Preferred stock shares issued | 0 | 0 |
Preferred stock shares outstanding | 0 | 0 |
Common stock par value per share | $ 0.01 | $ 0.01 |
Common stock shares authorized | 45,000,000 | 45,000,000 |
Common stock shares issued | 2,510,000 | 2,550,000 |
Common stock shares outstanding | 2,439,145 | 2,480,865 |
ANCHOR BANCORP AND SUBSIDIARY 4
ANCHOR BANCORP AND SUBSIDIARY CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | |
Sep. 30, 2015 | Sep. 30, 2014 | |
Interest Income: | ||
Loans receivable, including fees | $ 4,018 | $ 4,053 |
Securities | 16 | 14 |
Mortgage-backed securities | 182 | 220 |
Total Interest Income | 4,216 | 4,287 |
Interest Expense: | ||
Deposits | 670 | 699 |
FHLB advances | 30 | 160 |
Total Interest Expense | 700 | 859 |
Net Interest Income before provision for loan losses | 3,516 | 3,428 |
Provision for loan losses | 20 | 0 |
Net Interest Income after provision for loan losses | 3,496 | 3,428 |
Noninterest income | ||
Deposit service fees | 373 | 384 |
Other deposit fees | 178 | 189 |
Gain on Sale of Investments | 0 | 47 |
Loan fees | 144 | 144 |
Gain (loss) on sale of loans | 61 | (6) |
Bank Owned Life Insurance Income | 156 | 138 |
Other income | 131 | 87 |
Total noninterest income | 1,043 | 983 |
Noninterest Expense | ||
Compensation and benefits | 2,020 | 2,023 |
General and administrative expenses | 734 | 667 |
Real estate owned impairment | 38 | 37 |
Real estate holding costs | 11 | 154 |
Federal Deposit Insurance Corporation (FDIC) insurance premiums | 69 | 121 |
Information technology | 441 | 428 |
Occupancy and equipment | 490 | 483 |
Deposit services | 113 | 224 |
Marketing | 126 | 156 |
Loss (gain) on sale of property, premises and equipment | 3 | (1) |
Gain on sale of real estate owned | 8 | 6 |
Total noninterest expense | 4,053 | 4,298 |
Income before provision for income tax | 486 | 113 |
Income Tax Expense (Benefit) | 141 | 0 |
Net income | $ 345 | $ 113 |
Basic earnings per share | $ 0.14 | $ 0.05 |
Diluted earnings per share | $ 0.14 | $ 0.05 |
ANCHOR BANCORP AND SUBSIDIARY S
ANCHOR BANCORP AND SUBSIDIARY STATEMENT OF COMPREHENSIVE INCOME (LOSS) (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | |
Sep. 30, 2015 | Sep. 30, 2014 | |
Other Comprehensive Income (Loss), Available-for-sale Securities, Tax | $ 32 | $ 0 |
Net income | 345 | 113 |
Other Comprehensive Income (Loss), net of income tax: | ||
Unrealized holding gains (losses) on available-for-sale securities during the period | 62 | (194) |
Other Comprehensive Income, Reclassification Adjustment from AOCI for Sale of Securities, Net of Tax | 0 | (47) |
Other Comprehensive income (loss), net of income tax: | 62 | (241) |
Comprehensive Income (Loss) | $ 407 | $ (128) |
ANCHOR BANCORP AND SUBSIDIARY 6
ANCHOR BANCORP AND SUBSIDIARY CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | |
Sep. 30, 2015 | Sep. 30, 2014 | |
CASH FLOWS FROM OPERATING ACTIVITIES: | ||
Net income | $ 345 | $ 113 |
Adjustments to reconcile net income to net cash from operating activities: | ||
Depreciation and amortization | 154 | 164 |
Net amortization of premiums on securities | 117 | 151 |
Provision for loan losses | 20 | 0 |
ESOP expense | 38 | 63 |
Real estate owned impairment | 38 | 37 |
Income Tax Expense (Benefit) | 141 | 0 |
Life Insurance, Corporate or Bank Owned, Change in Value | 131 | 138 |
(Gain) loss on sale of loans | 61 | (6) |
Gain on Sale of Investments | 0 | (47) |
Originations of loans held for sale | 0 | (6) |
Proceeds from sale of loans held for sale | 510 | 0 |
Loss (gain) on sale of property, premises and equipment | 3 | (1) |
Gain on sale of real estate owned | 8 | 6 |
Change in operating assets and liabilities: | ||
Accrued interest receivable | 144 | 71 |
Prepaid expenses, other assets, and income tax receivable | 1,853 | 123 |
Federal Income Tax Expense (Benefit), Continuing Operations | (100) | 0 |
Supplemental Executive Retirement Plan | (77) | (3) |
Accounts payable and other liabilities | 950 | (514) |
Net cash provided by operating activities | 3,952 | 25 |
CASH FLOWS FROM INVESTING ACTIVITIES | ||
Proceeds from Maturities of Available-for-sale Securities | 0 | 702 |
Principal payments on mortgage-backed securities available-for-sale | 1,609 | 1,797 |
Principal payments on mortgage-backed securities held-to-maturity | 277 | 360 |
Loan originations, net of undisbursed loan proceeds and principal repayments | (1,599) | 2,675 |
Proceeds from sale of real estate owned | 449 | 762 |
Capital improvements on real estate owned | 0 | (6) |
Proceeds from sale of property, premises and equipment | 0 | 1 |
Purchase of fixed assets | 134 | (256) |
Net cash provided by (used in) investing activities | 870 | 6,035 |
CASH FLOWS FROM FINANCING ACTIVITIES: | ||
Net decrease in deposits | 1,267 | (3,688) |
Net change in advance payments by borrowers for taxes and insurance | (7) | 667 |
Proceeds from Federal Home Loan Bank Advances | 0 | 50 |
Repayment on FHLB advances | 0 | (50) |
Payments for Repurchase of Common Stock | (875) | 0 |
Net cash provided by (used in) financing activities | 385 | (3,021) |
Net Change in Cash and Cash Equivalents | 5,207 | 3,039 |
Beginning of period | 14,450 | 14,758 |
End of period | 19,657 | 17,797 |
Noncash investing activities | ||
Net loans transferred to real estate owned | 0 | 1,824 |
Available-for-sale Securities, Change in Net Unrealized Holding Gain (Loss) before Taxes | 94 | (194) |
Cash paid during the period for Interest | $ 700 | $ 859 |
Nature of Business
Nature of Business | 3 Months Ended |
Sep. 30, 2015 | |
Nature of Business [Abstract] | |
Nature of Business | Note 1 - Nature of Business Anchor Bancorp (the “Company”), a Washington corporation, was formed in connection with the conversion of Anchor Mutual Savings Bank (the “Bank”) from the mutual to the stock form of organization. On January 25, 2011, the Bank completed its conversion from mutual to stock form, changed its name to “Anchor Bank” and became the wholly-owned subsidiary of the Company. Anchor Bank is a community-based savings bank primarily serving Western Washington through its 11 full-service bank offices (including one Wal-Mart in-store location) within Grays Harbor, Thurston, Lewis, Pierce, and Mason counties, Washington. Anchor Bank’s business consists of attracting deposits from the public and utilizing those deposits to originate loans. |
Basis of Presentation
Basis of Presentation | 3 Months Ended |
Sep. 30, 2015 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Basis of Presentation | Note 2 - Basis of Presentation The accompanying unaudited consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) for interim financial information and in accordance with the instructions to Form 10-Q and Article 10 of Regulation S-X as promulgated by the Securities and Exchange Commission (“SEC”). Accordingly, they do not include all the information and footnotes required by accounting principles generally accepted in the United States for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation of the financial position and results of operations for the periods presented have been included. It is recommended that these unaudited interim consolidated financial statements be read in conjunction with the audited consolidated financial statements and notes thereto included in the Company's Annual Report on Form 10-K for the year ended June 30, 2015 (“2015 Form 10-K”). The results of operations for the three months ended September 30, 2015 are not necessarily indicative of results that may be expected for the entire fiscal year ending June 30, 2016. Certain prior year amounts have been reclassified to conform to current fiscal year presentation. The reclassifications had no impact on previously reported consolidated net income or equity. The Company has evaluated events and transactions subsequent to September 30, 2015 for potential recognition or disclosure. |
Recently Issued Accounting Pron
Recently Issued Accounting Pronouncements | 3 Months Ended |
Sep. 30, 2015 | |
Accounting Policies [Abstract] | |
Recently Issued Accounting Pronouncements | Note 3 - Recently Issued Accounting Pronouncements In April 2015, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2015-05, Customer's Accounting for Fees Paid in a Cloud Computing Arrangement . The amendments in this ASU provide guidance to customers in cloud computing arrangements about whether a cloud computing arrangement includes a software license. If a cloud computing arrangement includes a software license, the customer should account for the software license element of the arrangement consistent with the acquisition of other software licenses. If a cloud computing arrangement does not include a software license, the customer should account for the arrangement as a service contract. The amendments are effective for annual periods, including interim periods within those annual periods, beginning after December 15, 2015. Early adoption is permitted. This ASU is not expected to have a material effect on the Company's consolidated financial statements. In June 2015, the FASB issued ASU No. 2015-10, Technical Corrections and Improvements . On November 10, 2010 FASB added a standing project that will facilitate the FASB Accounting Standards Codification ("Codification") updates for technical corrections, clarifications, and improvements. These amendments are referred to as Technical Corrections and Improvements . Maintenance updates include non-substantive corrections to the Codification, such as editorial corrections, various link-related changes, and changes to source fragment information. This ASU contains amendments that will affect a wide variety of Topics in the Codification. The amendments in this ASU will apply to all reporting entities within the scope of the affected accounting guidance and generally fall into one of four categories: amendments related to differences between original guidance and the Codification, guidance clarification and reference corrections, simplification, and minor improvements. In summary, the amendments in this ASU represent changes to clarify the Codification, correct unintended application of guidance, or make minor improvements to the Codification that are not expected to have a significant effect on current accounting practice. Transition guidance varies based on the amendments in this ASU. The amendments in this ASU that require transition guidance are effective for fiscal years and interim reporting periods after December 15, 2015. Early adoption is permitted including adoption in an interim period. All other amendments are effective upon the issuance of this ASU. ASU 2015-10 did not have a material impact on the Company's consolidated financial statements. In July 2015, the FASB issued ASU No. 2015-14, Revenue from Contracts with Customers , deferring the effective date of the new revenue standard by one year. The standard also allows entities to choose to adopt the standard as of the original effective date. The FASB decided, based on its outreach to various stakeholders and the forthcoming amendments to the new revenue standard, that a deferral is necessary to provide adequate time to effectively implement the new revenue standard. In August 2015, the FASB issued ASU No. 2015-15, "Interest-Imputation of Interest (Subtopic 835-30), Presentation and Subsequent Measurement of Debt Issuance Costs Associated with Line-of-Credit Arrangements." The ASU provides guidance not previously included in ASU 2015-03 regarding debt issuance related to line-of-credit arrangements. The amendment allows an entity to present debt issuance costs as an asset and subsequently amortize the deferred debt issuance costs over the term of the line-of-credit arrangement, regardless if there are any outstanding borrowings on the line-of-credit arrangement. The amendment is effective for fiscal years beginning after December 15, 2015. The adoption of ASU No. 2015-15 is not expected to have a material impact on the Company's consolidated financial statements. In September 2015, the FASB issued ASU No. 2015-16, "Business Combinations (Topic 805)" . The ASU simplifies the accounting for measurement period adjustments. The amendments require that an acquirer recognize adjustments to provisional amounts that are identified during the measurement period in the reporting period when the adjustment amounts are determined. The acquirer is required to record in the same period's financial statements the effect on earnings from changes in depreciation, amortization, or other income effects resulting from the change to provisional amounts, calculated as if the accounting had been completed at the acquisition date. The acquirer must present separately on the income statement, or disclose in the notes, the amount recorded in current-period earnings that would have been recorded in previous reporting periods if the provisional amount had been recognized at the acquisition date. For public business entities, the amendments are effective for fiscal years beginning after December 15, 2015, including interim periods within those fiscal years. The adoption of ASU No. 2015-16 is not expected to have a material impact on the Company's consolidated financial statements. |
Supervisory Directive
Supervisory Directive | 3 Months Ended |
Sep. 30, 2015 | |
Supervisory Directive [Abstract] | |
Supervisory Directive | Note 4 - Supervisory Directive Anchor Bank entered into an Order to Cease and Desist (“Order”) with the FDIC and the Washington State Department of Financial Institutions, Division of Banks (“DFI”) on August 12, 2009. On September 5, 2012, the FDIC and the DFI terminated the Order and it was replaced with a Supervisory Directive with the DFI. The Supervisory Directive with the DFI was terminated on November 20, 2014. The Federal Reserve Bank of San Francisco terminated the Supervisory Directive it had with the Company on January 13, 2015. |
Earnings Per Share
Earnings Per Share | 3 Months Ended |
Sep. 30, 2015 | |
Earnings Per Share [Abstract] | |
Earnings (loss) Per Share | Note 5 - Earnings Per Share ("EPS") Basic earnings per share is computed by dividing income or loss, as applicable, available to common shareholders by the weighted average number of common shares outstanding for the period. As ESOP shares are committed to be released they become outstanding for EPS calculation purposes. ESOP shares not committed to be released are not considered outstanding. 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. There were no other securities that could convert to common stock during the following periods. The following table presents a reconciliation of the components used to compute basic and diluted earnings per share: For the Three Months Ended September 30, 2015 2014 (Dollars in thousands, except share data) Net income $ 345 $ 113 Weighted-average common shares outstanding 2,472,368 2,474,841 Basic earnings per share $ 0.14 $ 0.05 Diluted earnings per share $ 0.14 $ 0.05 There were no antidilutive stock options or other potential common shares at or for the three months ended September 30, 2015 and 2014. |
Investments
Investments | 3 Months Ended |
Sep. 30, 2015 | |
Investments [Abstract] | |
Investments | Note 6 - Investments The amortized cost and estimated fair market values of investment securities as of September 30, 2015 and June 30, 2015 , were as follows: September 30, 2015 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value (In thousands) Securities available-for-sale Municipal bonds $ 432 $ — $ — $ 432 Mortgage-backed securities: FHLMC (1) 11,112 158 (86 ) 11,184 FNMA (2) 15,544 60 (157 ) 15,447 GNMA (3) 891 — (12 ) 879 $ 27,979 $ 218 $ (255 ) $ 27,942 Securities held-to-maturity Municipal bonds $ 117 $ — $ — $ 117 Mortgage-backed securities: FHLMC 3,205 81 (37 ) 3,249 FNMA 1,748 114 (14 ) 1,848 GNMA 2,260 — (49 ) 2,211 $ 7,330 $ 195 $ (100 ) $ 7,425 (1) Federal Home Loan Mortgage Corporation ("Freddie Mac") (2) Federal National Mortgage Association ("Fannie Mae") (3) Government National Mortgage Association ("Ginnie Mae") June 30, 2015 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value (In thousands) Securities available-for-sale Municipal bonds $ 434 $ 1 $ — $ 435 Mortgage-backed securities: FHLMC 11,780 134 (123 ) 11,791 FNMA 16,534 70 (196 ) 16,408 GNMA 948 — (17 ) 931 $ 29,696 $ 205 $ (336 ) $ 29,565 Securities held-to-maturity Municipal bonds $ 119 $ — $ — $ 119 Mortgage-backed securities: FHLMC 3,367 95 (56 ) 3,406 FNMA 1,858 124 (22 ) 1,960 GNMA 2,273 — (66 ) 2,207 $ 7,617 $ 219 $ (144 ) $ 7,692 There were 30 securities in an unrealized loss position at both September 30, 2015 and June 30, 2015, respectively. The unrealized losses on investments in mortgage-backed securities relate principally to the general change in interest rates and illiquidity, and not credit quality, that has occurred since the securities' purchase dates, and such unrecognized losses or gains will continue to vary with general interest rate level fluctuations in the future. We do not intend to sell the temporarily impaired securities and it is not likely that we will be required to sell the securities prior to their maturity. We do expect to recover the entire amortized cost basis of the securities. The fair value of temporarily impaired securities, the amount of unrealized losses, and the length of time these unrealized losses existed as of September 30, 2015 and June 30, 2015, were as follows: Less Than 12 Months 12 Months or Longer Total Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses September 30, 2015 (In thousands) Securities available-for-sale Mortgage-backed securities: FHLMC $ 380 $ (1 ) $ 5,111 $ (85 ) $ 5,491 $ (86 ) FNMA 3,648 (27 ) 6,437 (130 ) 10,085 (157 ) GNMA — — 879 (12 ) 879 (12 ) $ 4,028 $ (28 ) $ 12,427 $ (227 ) $ 16,455 $ (255 ) Less Than 12 Months 12 Months or Longer Total Fair Unrealized Fair Unrealized Fair Unrealized September 30, 2015 (In thousands) Securities held-to-maturity Mortgage-backed securities: FHLMC $ — $ — $ 2,216 $ (37 ) $ 2,216 $ (37 ) FNMA — — 746 (14 ) 746 (14 ) GNMA — — 2,211 (49 ) 2,211 (49 ) $ — $ — $ 5,173 $ (100 ) $ 5,173 $ (100 ) Less Than 12 Months 12 Months or Longer Total Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses June 30, 2015 (In thousands) Securities available-for-sale Mortgage-backed securities: FHLMC $ 747 $ (1 ) $ 5,404 $ (122 ) $ 6,151 $ (123 ) FNMA 3,105 (45 ) 6,898 (151 ) 10,003 (196 ) GNMA — — 931 (17 ) 931 (17 ) $ 3,852 $ (46 ) $ 13,233 $ (290 ) $ 17,085 $ (336 ) Less Than 12 Months 12 Months or Longer Total Fair Unrealized Fair Unrealized Fair Unrealized June 30, 2015 (In thousands) Securities held-to-maturity Mortgage-backed securities: FHLMC $ — $ — $ 2,299 $ (56 ) $ 2,299 $ (56 ) FNMA — — 772 (22 ) 772 (22 ) GNMA — — 2,207 (66 ) 2,207 (66 ) $ — $ — $ 5,278 $ (144 ) $ 5,278 $ (144 ) Contractual maturities of securities at September 30, 2015 are listed below. Expected maturities of mortgage-backed securities may differ from contractual maturities because borrowers may have the right to call or prepay the obligations; therefore, these securities are classified separately with no specific maturity date. September 30, 2015 Amortized Cost Fair Value (In thousands) Securities available-for-sale Municipal bonds: Due within one year $ 250 $ 250 Due after ten years 182 182 Mortgage-backed securities: FHLMC 11,112 11,184 FNMA 15,544 15,447 GNMA 891 879 $ 27,979 $ 27,942 Securities held-to-maturity Municipal bonds: Due after five to ten years $ 117 $ 117 Mortgage-backed securities: FHLMC 3,205 3,249 FNMA 1,748 1,848 GNMA 2,260 2,211 $ 7,330 $ 7,425 Sales of securities available-for-sale for the dates indicated are summarized as follows: Three Months Ended September 30, 2015 2014 (In thousands) Proceeds from sales $ — $ 702 Proceeds from maturities and calls — — Gross realized gains — 47 Gross realized losses — — Pledged securities at the dates indicated are summarized as follows: September 30, 2015 June 30, 2015 Pledged to secure: Amortized Cost Fair Value Amortized Cost Fair Value (In thousands) Public deposits $ 11,870 $ 11,942 $ 12,184 $ 12,189 FHLB borrowings 1,576 1,632 1,727 1,788 Federal Reserve borrowing line 995 987 1,001 990 |
Loans Receivable, Net
Loans Receivable, Net | 3 Months Ended |
Sep. 30, 2015 | |
Loans Receivable, Net [Abstract] | |
Loans Receivable, Net | Note 7 - Loans Receivable, net Loans receivable consisted of the following at the dates indicated: September 30, 2015 June 30, 2015 (In thousands) Real estate: One-to-four family $ 64,307 $ 57,944 Multi-family 35,535 43,249 Commercial 133,422 128,306 Construction 11,392 11,731 Land 3,610 4,069 Total real estate 248,266 245,299 Consumer: Home equity 17,116 17,604 Credit cards 3,143 3,289 Automobile 636 686 Other consumer 2,228 2,347 Total consumer 23,123 23,926 Commercial business 18,569 18,987 Total loans 289,958 288,212 Less: Deferred loan fees 1,192 1,047 Allowance for loan losses 3,687 3,721 Loans receivable, net $ 285,079 $ 283,444 Allowance for Loan Losses. The allowance for loan losses must be maintained at a level necessary to absorb specific losses on impaired loans and probable losses inherent in the loan portfolio. The assessment includes analysis of several different factors, including delinquency, charge-off rates and the changing risk profile of our loan portfolio, as well as local economic conditions such as unemployment rates, bankruptcies and vacancy rates of business and residential properties. The following table presents the activity in the allowance for loan losses by portfolio segment for the three months ended September 30, 2015: One-to- four family Multi- family Commercial real estate Construction Land Consumer (1) Commercial business Unallocated Three months ended 09/30/15 (In thousands) Allowance for loan losses : Beginning balance $ 1,113 $ 95 $ 262 $ 247 $ 75 $ 445 $ 1,405 $ 79 $ 3,721 Provision (benefit) for loan losses (131 ) 11 417 (140 ) (36 ) 21 (43 ) (79 ) 20 Charge-offs (146 ) — — — — (31 ) (44 ) — (221 ) Recoveries 126 — 1 8 — 31 1 — 167 Ending balance $ 962 $ 106 $ 680 $ 115 $ 39 $ 466 $ 1,319 $ — $ 3,687 (1) Consumer loans include home equity, credit cards, automobile, and other consumer loans. The only consumer loans with impairment are home equity loans. The following table presents the activity in the allowance for loan losses by portfolio segment for the three months ended September 30, 2014: One-to- four family Multi- Commercial Construction Land Consumer Commercial Unallocated Three months ended 09/30/14 (In thousands) Allowance for loan losses: Beginning balance $ 1,550 $ 229 $ 682 $ 190 $ 74 $ 587 $ 1,231 $ 81 $ 4,624 Provision (benefit) for loan losses (186 ) 13 37 98 1 28 8 1 — Charge-offs (94 ) (159 ) (340 ) — — (84 ) (86 ) — (763 ) Recoveries 11 — — 12 — 37 73 — 133 Ending balance $ 1,281 $ 83 $ 379 $ 300 $ 75 $ 568 $ 1,226 $ 82 $ 3,994 (1) Consumer loans include home equity, credit cards, automobile, and other consumer loans. The only consumer loans with impairment are home equity loans. A loan is considered impaired when the Company has determined that it may be unable to collect payments of principal or interest when due under the terms of the loan. In the process of identifying loans as impaired, management takes into consideration factors which include payment history and status, collateral value, financial condition of the borrower, and the probability of collecting scheduled payments in the future. Minor payment delays and insignificant payment shortfalls typically do not result in a loan being classified as impaired. The significance of payment delays and shortfalls is considered by management on a case by case basis, after taking into consideration the totality of circumstances surrounding the loans and the borrowers, including payment history and amounts of any payment shortfall, length and reason for delay, and likelihood of return to stable performance. Impairment is measured on a loan by loan basis for all loans in the portfolio except for the smaller groups of homogeneous consumer loans in the portfolio. The following table presents loans individually evaluated for impairment by class of loans as of September 30, 2015 : Recorded Investments Unpaid Principal Balance Related Allowance (In thousands) With no allowance recorded One-to-four family $ 1,834 $ 2,291 $ — Land 179 192 — Home equity 63 65 — Commercial business 198 307 — With an allowance recorded One-to-four family $ 7,679 $ 7,710 $ 500 Land 322 322 2 Home equity 230 230 28 Other consumer 30 33 9 Commercial business 769 778 195 Total One-to-four family $ 9,513 $ 10,001 $ 500 Land 501 514 2 Home equity 293 295 28 Other consumer 30 33 9 Commercial business 967 1,085 195 Total $ 11,304 $ 11,928 $ 734 The following table presents loans individually evaluated for impairment by class of loans as of June 30, 2015 : Recorded Investments Unpaid Principal Balance Related Allowance (In thousands) With no allowance recorded One-to-four family $ 1,557 $ 1,860 $ — Land 231 245 — Home equity 64 65 — Other consumer 31 32 — Commercial business 64 126 — With an allowance recorded One-to-four family $ 7,716 $ 7,743 $ 500 Land 408 408 3 Home equity 212 212 26 Commercial business 868 868 211 Total One-to-four family $ 9,273 $ 9,603 $ 500 Land 639 653 3 Home equity 276 277 26 Other consumer 31 32 — Commercial business 932 994 211 Total $ 11,151 $ 11,559 $ 740 The following table presents the average recorded investment in loans individually evaluated for impairment and the interest income recognized for the three months ended September 30, 2015 and 2014: Three Months Ended September 30, 2015 Three Months Ended September 30, 2014 Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized (In thousands) With no allowance recorded One-to-four family $ 2,076 $ 4 $ 2,630 $ 6 Commercial real estate — — 110 — Land 219 1 321 1 Home equity 65 — 107 — Commercial business 217 1 95 1 With an allowance recorded One-to-four family $ 7,727 $ 27 $ 8,199 $ 28 Multi-family — — 79 — Commercial real estate — — 925 — Land 365 7 463 2 Home equity 221 1 260 1 Commercial business 823 — 275 1 Total One-to-four family $ 9,803 $ 31 $ 10,829 $ 34 Multi-family — — 79 — Commercial real estate — — 1,035 — Land 584 8 784 3 Home equity 286 1 367 1 Commercial business 1,040 1 370 2 Total $ 11,713 $ 41 $ 13,464 $ 40 The following table presents the balance in the allowance for loan losses and the recorded investment in loans by portfolio segment and based on impairment method as of September 30, 2015 : One-to-four family Multi- family Commercial real estate Construction Land Consumer(1) Commercial business Unallocated Total (In thousands) Allowance for loan losses: Ending balance $ 962 $ 106 $ 680 $ 115 $ 39 $ 466 $ 1,319 $ — $ 3,687 Ending balance: individually evaluated for impairment 500 — — — 2 37 195 — 734 Ending balance: collectively evaluated for impairment $ 462 $ 106 $ 680 $ 115 $ 37 $ 429 $ 1,124 $ — $ 2,953 Loans receivable: Ending balance $ 64,307 $ 35,535 $ 133,422 $ 11,392 $ 3,610 $ 23,123 $ 18,569 $ — $ 289,958 Ending balance: individually evaluated for impairment 9,513 — — — 501 323 967 — 11,304 Ending balance: collectively evaluated for impairment $ 54,794 $ 35,535 $ 133,422 $ 11,392 $ 3,109 $ 22,800 $ 17,602 $ — $ 278,654 (1) Consumer loans include home equity, credit cards, auto and other consumer loans. The following table presents the balance in the allowance for loan losses and the recorded investment in loans by portfolio segment and based on impairment method as of June 30, 2015: One-to-four family Multi- family Commercial real estate Construction Land Consumer(1) Commercial business Unallocated Total (In thousands) Allowance for loan losses: Ending balance $ 1,113 $ 95 $ 262 $ 247 $ 75 $ 445 $ 1,405 $ 79 $ 3,721 Ending balance: individually evaluated for impairment 500 — — — 3 26 211 — 740 Ending balance: collectively evaluated for impairment $ 613 $ 95 $ 262 $ 247 $ 72 $ 419 $ 1,194 $ 79 $ 2,981 Loans receivable: Ending balance $ 57,944 $ 43,249 $ 128,306 $ 11,731 $ 4,069 $ 23,926 $ 18,987 $ — $ 288,212 Ending balance: individually evaluated for impairment 9,273 — — — 639 307 932 — 11,151 Ending balance: collectively evaluated for impairment $ 48,671 $ 43,249 $ 128,306 $ 11,731 $ 3,430 $ 23,619 $ 18,055 $ — $ 277,061 (1) Consumer loans include home equity, credit cards, auto, and other consumer loans. Nonaccrual and Past Due Loans . Loans are considered past due if the required principal and interest payments have not been received as of the date such payments were due. Loans are placed on nonaccrual when, in management's opinion, the borrower may be unable to meet payment of obligations as they become due, as well as when required by regulatory provisions. The following table presents the recorded investment in nonaccrual and loans past due 90 days still accruing interest by type of loans as of the dates indicated: September 30, 2015 June 30, 2015 (In thousands) One-to-four family $ 1,388 $ 1,263 Credit cards 5 6 Other consumer 30 31 Commercial business 873 711 Total $ 2,296 $ 2,011 The following table presents past due loans, net of partial loan charge-offs, by class, as of September 30, 2015 : 30-59 Days Past Due 60-89 Days Past Due 90 Days Or More Past Due (1) Total Past Due Current Total Loans (In thousands) One-to-four family $ 1,376 $ 334 $ 1,388 $ 3,098 $ 61,209 $ 64,307 Multi-family — — — — 35,535 35,535 Commercial real estate — — — — 133,422 133,422 Construction — — — — 11,392 11,392 Land 37 — — 37 3,573 3,610 Home equity 90 16 — 106 17,010 17,116 Credit cards 32 38 5 75 3,068 3,143 Automobile 7 — — 7 629 636 Other consumer 15 29 30 74 2,154 2,228 Commercial business 64 — 873 937 17,632 18,569 Total $ 1,621 $ 417 $ 2,296 $ 4,334 $ 285,624 $ 289,958 (1) Includes loans on nonaccrual status. The following table presents past due loans, net of partial loan charge-offs, by class as of June 30, 2015 : 30-59 Days Past Due 60-89 Days Past Due 90 Days Or More Past Due (1) Total Past Due Current Total Loans (In thousands) One-to-four family $ 616 $ 552 $ 1,263 $ 2,431 $ 55,513 $ 57,944 Multi-family — — — — 43,249 43,249 Commercial real estate — — — — 128,306 128,306 Construction — — — — 11,731 11,731 Land — — — — 4,069 4,069 Home equity 15 16 — 31 17,573 17,604 Credit cards 8 26 6 40 3,249 3,289 Automobile 9 — — 9 677 686 Other consumer 16 — 31 47 2,300 2,347 Commercial business 64 273 711 1,048 17,939 18,987 Total $ 728 $ 867 $ 2,011 $ 3,606 $ 284,606 $ 288,212 (1) Includes loans on nonaccrual status. Credit Quality Indicators. We utilize a ten-point risk rating system and assign a risk rating for all credit exposures. The risk rating system is designed to define the basic characteristics and identify risk elements of each credit extension. Credits risk rated 1 through 7 are considered to be “pass” credits. Pass credits can be assets where there is virtually no credit risk, such as cash secured loans with funds on deposit with the Bank. Pass credits also include credits that are on our watch and special mention lists, where the borrower exhibits potential weaknesses, which may, if not checked or corrected, negatively affect the borrower's financial capacity and threaten their ability to fulfill debt obligations in the future. A seasoned loan with a Debt Service Coverage Ratio ("DSCR") of greater than 1.00 is the minimum acceptable level for a " Pass Credit". Particular attention is paid to the coverage trend analysis as any loan with a declining DSCR trend may warrant a higher risk grade even if the current coverage is at or above the 1.00 threshold. Credits classified as Watch are risk rated 6 and possess weaknesses that deserve management's close attention. These assets do not expose the Bank to sufficient risk to warrant adverse classification in the substandard, doubtful or loss categories. We use this rating when a material documentation deficiency exists but correction is anticipated within an acceptable time frame. A loan classified as Watch may have the following characteristics: • Acceptable asset quality, but requiring increased monitoring. Strained liquidity and less than anticipated performance. The loan may be fully leveraged. • Apparent management weakness, perhaps demonstrated by an irregular flow of adequate and/or timely performance information required to support the credit. • The borrower has a plausible plan to correct problem(s) in the near future that is devoid of material uncertainties. • Lacks reserve capacity, so the risk rating will improve or decline in relatively short time (results of corrective actions should be apparent within six months or less). Credits classified as Special Mention are risk rated 7. These credits have potential weaknesses that deserve management's close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the asset. Special Mention assets are not adversely classified and do not expose the Bank to sufficient risk to warrant adverse classification. A loan classified as Special Mention may have the following characteristics: • Performance is poor or significantly less than expected. A debt service deficiency either exists or cannot be ruled out. • Generally an undesirable business credit. Assets in this category are protected, but are potentially weak. These assets constitute an undue and unwarranted credit risk, but not to the point of justifying a classification of Substandard. Special Mention assets have potential weaknesses which may, if not checked or corrected, weaken the asset or inadequately protect the Bank's credit position at some future date. • Assets which might be detailed in this category include credits that the lending officer may be unable to supervise properly because of lack of expertise, an inadequate loan agreement, the condition of and control over collateral, failure to obtain proper documentation, or any other deviations from prudent lending practices. • An adverse trend in the borrower's operations or an imbalanced position in the balance sheet which does not jeopardize liquidation may best be handled by this classification. • A Special Mention classification should not be used as a compromise between a pass and substandard rating. Assets in which actual, not potential, weaknesses are evident and significant, and should be considered for more serious criticism. A loan classified as Substandard is risk rated 8. They are characterized by the distinct possibility that the Bank will sustain some loss if the deficiencies are not corrected. An asset is considered Substandard if it is inadequately protected by the current net worth and payment capacity of the borrower or of any collateral pledged. A loan classified as Substandard may have the following characteristics: • Unacceptable business credit. The asset is inadequately protected by the current sound worth and paying capacity of the borrower or of the collateral pledged, if any. Assets so classified must have a well defined weakness or weaknesses that jeopardize the liquidation of the debt. • Though no loss is envisioned, the outlook is sufficiently uncertain to preclude ruling out the possibility. Some liquidation of assets will likely be necessary as a corrective measure. • Assets in this category may demonstrate performance problems such as debt servicing deficiencies with no immediate relief, including having a DSCR of less than 1.00 . Borrowers have an inability to adjust to prolonged and unfavorable industry or economic trends. Management's character and/or effectiveness have become suspect. A loan classified as Doubtful is risk rated 9 and has all the inherent weaknesses as those classified Substandard with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions, and values highly questionable is improbable. A loan classified as Doubtful is risk rated 9 and has the following characteristics: • The possibility of loss is extremely high, but because of certain important and reasonable specific pending factors which may work to the advantage and strengthening of the asset, its classification as an estimated loss is deferred until its more exact status may be determined. • Pending factors include proposed merger, acquisition, or liquidation procedures, capital injection, perfecting liens on additional collateral and refinancing plans. A loan risk rated 10 is a loan for which a total loss is expected. A loan classified as a Loss has the following characteristics: • An uncollectible asset or one of such little value that it does not warrant classification as an active, earning asset. Such an asset may, however, have recovery or salvageable value, but not to the point of deferring full write off, even though some recovery may occur in the future. • The Bank will charge off such assets as a loss during the accounting period in which they were identified. • Loan to be eliminated from the active loan reporting system via charge off. The following table presents the internally assigned grade as of September 30, 2015 , by class of loans: One-to- four family Multi- family Commercial real estate Construction Land Home equity Credit cards Automobile Other consumer Commercial business Total (In thousands) Grade: Pass $ 55,118 $ 35,079 $ 130,179 $ 11,392 $ 3,109 $ 16,167 $ 3,069 $ 569 $ 2,082 $ 16,966 $ 273,730 Watch 5,088 456 2,028 — 322 612 69 67 87 603 9,332 Special Mention 2,346 — 1,215 — 179 316 — — 29 63 4,148 Substandard 1,755 — — — — 21 5 — 30 937 2,748 Doubtful — — — — — — — — — — — Total $ 64,307 $ 35,535 $ 133,422 $ 11,392 $ 3,610 $ 17,116 $ 3,143 $ 636 $ 2,228 $ 18,569 $ 289,958 The following table presents the credit risk profile based on payment activity as of September 30, 2015 , by class of loans: One-to- four family Multi-family Commercial real estate Construction Land Home equity Credit cards Automobile Other consumer Commercial business Total (In thousands) Performing $ 62,919 $ 35,535 $ 133,422 $ 11,392 $ 3,610 $ 17,116 $ 3,138 $ 636 $ 2,198 $ 17,696 $ 287,662 Nonperforming (1) 1,388 — — — — — 5 — 30 873 2,296 Total $ 64,307 $ 35,535 $ 133,422 $ 11,392 $ 3,610 $ 17,116 $ 3,143 $ 636 $ 2,228 $ 18,569 $ 289,958 (1) Loans that are more than 90 days past due and nonaccrual loans are considered nonperforming. The following table presents the internally assigned grade as of June 30, 2015 , by class of loans: One-to- four family Multi-family Commercial real estate Construction Land Home equity Credit cards Automobile Other consumer Commercial business Total (In thousands) Grade: Pass $ 49,119 $ 42,884 $ 125,586 $ 11,731 $ 3,430 $ 16,585 $ 3,249 $ 615 $ 2,214 $ 16,981 $ 272,394 Watch 2,151 — 2,044 — — 697 34 71 102 915 6,014 Special Mention 4,755 — 676 — 231 301 — — — 159 6,122 Substandard 1,919 365 — — 408 21 6 — 31 932 3,682 Doubtful — — — — — — — — — — — Total $ 57,944 $ 43,249 $ 128,306 $ 11,731 $ 4,069 $ 17,604 $ 3,289 $ 686 $ 2,347 $ 18,987 $ 288,212 The following table presents the credit risk profile based on payment activity as of June 30, 2015 , by class of loans: One-to- four family Multi-family Commercial real estate Construction Land Home equity Credit cards Automobile Other consumer Commercial business Total (In thousands) Performing $ 56,681 $ 43,249 $ 128,306 $ 11,731 $ 4,069 $ 17,604 $ 3,283 $ 686 $ 2,316 $ 18,276 $ 286,201 Nonperforming (1) 1,263 — — — — — 6 — 31 711 2,011 Total $ 57,944 $ 43,249 $ 128,306 $ 11,731 $ 4,069 $ 17,604 $ 3,289 $ 686 $ 2,347 $ 18,987 $ 288,212 (1) Loans that are more than 90 days past due and nonaccrual loans are considered nonperforming. Troubled Debt Restructures . At September 30, 2015 and June 30, 2015, troubled debt restructured loans (“TDRs”), included in impaired loans above, totaled $9.7 million with $823,000 in nonaccrual and $9.8 million with $681,000 in nonaccrual, respectively. Restructured loans are an option that the Bank uses to minimize risk of loss and are a concession granted to a borrower experiencing financial difficulties that it would not otherwise consider. The modifications have included items such as lowering the interest rate on the loan for a period of time and extending the maturity date of the loan. These modifications are made only when there is a reasonable and attainable workout plan that has been agreed to by the borrower and is in the Bank's best interest. At September 30, 2015 , there were no commitments to lend additional funds to borrowers whose loans have been modified in a TDR. The following table presents TDRs by accrual versus nonaccrual status and by loan class as of September 30, 2015 : September 30, 2015 Accrual Status Nonaccrual Total Modifications (In thousands) One-to-four family $ 7,975 $ 667 $ 8,642 Land 501 — 501 Home equity 293 — 293 Commercial business 94 156 250 Total $ 8,863 $ 823 $ 9,686 The following table presents TDRs by accrual versus nonaccrual status and by loan class as of June 30, 2015 : June 30, 2015 Accrual Status Nonaccrual Total Modifications (In thousands) One-to-four family $ 8,010 $ 681 $ 8,691 Land 639 — 639 Home equity 276 — 276 Commercial business 221 — 221 Total $ 9,146 $ 681 $ 9,827 The following tables present TDRs and their recorded investment prior to the modification and after the modification for TDR transactions that originated during the three months ended September 30, 2015 and 2014: Three Months Ended September 30, 2015 Three Months Ended September 30, 2014 Number of Contracts Pre-TDR Recorded Investment Post-TDR Recorded Investment Number of Pre-TDR Recorded Investment Post-TDR Recorded Investment (Dollars in thousands) One-to-four family — $ — $ — 1 $ 197 $ 196 Total — $ — $ — 1 $ 197 $ 196 The following table presents TDRs for which there was a payment default within 12 months of their restructure for the periods indicated: Three Months Ended September 30, 2015 Three Months Ended September 30, 2014 Number of Contracts Number of Contracts (Dollars in thousands) One-to-four family — $ — 6 $ 1,605 Home equity — — 2 161 Commercial business — — 1 64 Total — $ — 9 $ 1,830 |
Real Estate Owned, Net
Real Estate Owned, Net | 3 Months Ended |
Sep. 30, 2015 | |
Real Estate Owned, Disclosure of Detailed Components [Abstract] | |
Real Estate Owned, Net | Note 8 - Real Estate Owned, net The following table is a summary of real estate owned activity for the three months ended September 30, 2015 and 2014: Three Months Ended September 30, 2015 2014 (In thousands) Balance at the beginning of the period $ 797 $ 5,067 Net loans transferred to real estate owned — 1,824 Capitalized improvements — 6 Sales (457 ) (768 ) Impairments (38 ) (37 ) Balance at the end of the period $ 302 $ 6,092 |
Employee Benefit Plans
Employee Benefit Plans | 3 Months Ended |
Sep. 30, 2015 | |
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | |
Employee Benefit Plans | Note 9 - Employee Benefit Plans Employee Stock Ownership Plan On January 25, 2011, the Company established an ESOP for the benefit of substantially all employees. The ESOP borrowed $1.0 million from the Company and used those funds to acquire 102,000 shares of the Company's common stock at the time of the initial public offering at a price of $10.00 per share. Shares purchased by the ESOP with the loan proceeds are held in a suspense account and allocated to ESOP participants on a pro rata basis as principal and interest payments are made by the ESOP to the Company. The loan is secured by shares purchased with the loan proceeds and will be repaid by the ESOP with funds from the Company's discretionary contributions to the ESOP and earnings on the ESOP assets. Payments of principal and interest are due annually on June 30, the Company's fiscal year end. As shares are committed to be released from collateral, the Company reports compensation expense equal to the daily average market prices of the shares and the shares become outstanding for EPS computations. The compensation expense is accrued throughout the year. Compensation expense related to the ESOP for the three months ended September 30, 2015 and 2014 was $38,000 and $62,000 , respectively. Shares held by the ESOP as of the dates indicated are as follows: September 30, 2015 June 30, 2015 (Dollars in thousands) Allocated shares 34,585 32,865 Unallocated shares 67,415 69,135 Total ESOP shares 102,000 102,000 Fair value of unallocated shares $ 1,485 $ 1,555 |
Fair Value Measurements
Fair Value Measurements | 3 Months Ended |
Sep. 30, 2015 | |
Fair Value Disclosures [Abstract] | |
Fair Value Measurements | Note 10 - Fair Value Measurements Assets and liabilities measured at fair value on a recurring basis - Assets and liabilities are considered to be fair valued on a recurring basis if fair value is measured regularly. The following definitions describe the levels of inputs that may be used to measure fair value: Level 1: Quoted prices (unadjusted) in active markets for identical assets or liabilities that the reporting entity has the ability to access at the measurement date. Level 2: Significant observable inputs other than quoted prices included within Level 1, such as quoted prices in markets that are not active, and inputs other than quoted prices that are observable or can be corroborated by observable market data. Level 3: Significant unobservable inputs that reflect a company's own assumptions about the assumptions market participants would use in pricing an asset or liability based on the best information available in the circumstances. There were no transfers between Level 1, Level 2, or Level 3 during the three months ended September 30, 2015 . The following tables show the Company's assets and liabilities at the dates indicated measured at fair value on a recurring basis: September 30, 2015 Level 1 Level 2 Level 3 Total (In thousands) Municipal bonds $ — $ 432 $ — $ 432 Mortgage-backed securities: FHLMC — 11,184 — 11,184 FNMA — 15,447 — 15,447 GNMA — 879 — 879 June 30, 2015 Level 1 Level 2 Level 3 Total (In thousands) Municipal bonds $ — $ 435 $ — $ 435 Mortgage-backed securities: FHLMC — 11,791 — 11,791 FNMA — 16,408 — 16,408 GNMA — 931 — 931 Assets and liabilities measured at fair value on a nonrecurring basis - Assets and liabilities are considered to be reflected at fair value on a nonrecurring basis if the fair value measurement of the instrument does not necessarily result in a change in the amount recorded on the balance sheet. Generally, a nonrecurring valuation is the result of the application of other accounting pronouncements that require assets or liabilities to be assessed for impairment or recorded at the lower of cost or fair value. The following table presents the balances of assets measured at fair value on a nonrecurring basis at September 30, 2015: September 30, 2015 Level 1 Level 2 Level 3 Total (In thousands) Impaired loans: Mortgage loans One-to-four family $ — $ — $ 4,105 $ 4,105 Commercial — — 322 322 Construction — — 30 30 Home equity — — 230 230 Commercial business — — 51 51 Total impaired loans — — 4,738 4,738 Real estate owned: Land — — 25 25 Total real estate owned — — 25 25 Total $ — $ — $ 4,763 $ 4,763 The following table presents the balances of assets measured at fair value on a nonrecurring basis at June 30, 2015: June 30, 2015 Level 1 Level 2 Level 3 Total (In thousands) Impaired loans: Mortgage loans One-to-four family $ — $ — $ 4,172 $ 4,172 Commercial — — 408 408 Land — — 212 212 Commercial business — — 868 868 Total impaired loans — — 5,660 5,660 Real estate owned: One-to-four family $ — $ — $ 188 $ 188 Land — — 418 418 Total real estate owned — — 606 606 Total $ — $ — $ 6,266 $ 6,266 The fair values of impaired loans and real estate owned properties are generally based on third party appraisal of the properties, resulting in Level 3 classification. The following tables present quantitative information about Level 3 fair value measurements for financial instruments measured at fair value on a nonrecurring basis at September 30, 2015 and June 30, 2015: September 30, 2015 Fair Value Valuation Technique(s) Unobservable Input(s) Range (Average Discount) (Dollars in thousands) Impaired loans $ 4,738 Fair value of underlying collateral Discount applied to the obtained appraisal 0% - 100% (5%) Real estate owned $ 25 Fair value of underlying collateral Discount applied to the obtained appraisal 0% - 100% (5%) June 30, 2015 Fair Value Valuation Technique(s) Unobservable Input(s) Range (Average Discount) (Dollars in thousands) Impaired loans $ 5,660 Fair value of underlying collateral Discount applied to the obtained appraisal 0% - 100% (4%) Real estate owned $ 606 Fair value of underlying collateral Discount applied to the obtained appraisal 0% - 100% (1%) The following tables present the carrying amount, fair value, and placement in the fair value hierarchy of the Company's financial instruments as of September 30, 2015 and June 30, 2015 : September 30, 2015 Carrying Amount Fair Value Quoted Prices in Active Markets for Identical Assets or Liabilities (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) (In thousands) Financial Instruments-Assets Cash and cash equivalents $ 19,657 $ 19,657 $ 19,657 $ — $ — Securities available-for-sale 27,942 27,942 — 27,942 — Securities held-to-maturity 7,330 7,425 — 7,425 — FHLB stock 853 853 — 853 — Loans held for sale — — — — Loans receivable 288,766 288,813 — 288,813 Bank owned life insurance investment, net of surrender charges 19,132 19,132 — 19,132 — Accrued interest receivable 925 925 — 925 — Financial Instruments-Liabilities Demand deposits, savings and money market $ 176,307 $ 176,307 $ 176,307 $ — Certificates of deposit 124,772 124,383 — 124,383 — FHLB advances 10,000 9,953 — 9,953 — Advance payments by borrowers for taxes and insurance 995 995 995 — — June 30, 2015 Carrying Amount Fair Value Quoted Prices in Active Markets for Identical Assets or Liabilities Significant Other Observable Inputs Significant Unobservable Inputs (In thousands) Financial Instruments-Assets Cash and cash equivalents $ 14,450 $ 14,450 $ 14,450 $ — $ — Securities available-for-sale 29,565 29,565 — 29,565 — Securities held-to-maturity 7,617 7,692 — 7,692 — FHLB stock 853 853 — 853 — Loans held for sale 505 505 — — — Loans receivable 287,165 288,424 — — 288,424 Bank owned life insurance investment, net of surrender charges 19,001 19,001 — 19,001 — Accrued interest receivable 1,069 1,069 — 1,069 — Financial Instruments-Liabilities Demand deposits, savings and money market $ 173,482 $ 173,482 $ 173,482 $ — $ — Certificates of deposit 126,330 125,942 — 125,942 — FHLB advances 10,000 9,882 — 9,882 — Advance payments by borrowers for taxes and insurance 1,002 1,002 1,002 — — The following methods and assumptions were used to estimate the fair value of each class of financial instrument: Cash and cash equivalents - For cash, the carrying amount is a reasonable estimate of fair value. Securities - The estimated fair values of securities are based on quoted market prices of similar securities. FHLB stock - FHLB stock is carried at par and does not have a readily determinable fair value. Ownership of FHLB stock is restricted to the member institutions, and can only be purchased and redeemed at par. Loans held for sale - The fair value of loans held-for-sale is based on quoted market prices from FHLMC. FHLMC quotes are updated daily and represent prices at which loans are exchanged in high volumes and in a liquid market. Loans receivable - For variable rate loans that reprice frequently and with no significant change in credit risk, fair values are based on carrying values. The fair value of fixed-rate loans is estimated using discounted cash flow analysis, utilizing interest rates that would be offered for loans with similar terms to borrowers of similar credit quality. As a result of current market conditions, cash flow estimates have been further discounted to include a credit factor. The fair value of nonperforming loans is estimated using the fair value of the underlying collateral. Bank owned life insurance investment, net of surrender charges - The carrying amount is a reasonable estimate of its fair value. Demand deposits, savings, money market, and certificates of deposit - The fair value of the Bank's demand deposits, savings, and money market accounts is the amount payable on demand. The fair value of fixed-maturity certificates is estimated using a discounted cash flow analysis using current rates offered for deposits of similar remaining maturities. FHLB advances - The fair value of the Bank's FHLB advances was calculated using the discounted cash flow method. The discount rate was equal to the current rate offered by the FHLB for advances of similar remaining maturities. Accrued interest receivable and advance payments by borrowers for taxes and insurance - The carrying value has been determined to be a reasonable estimate of their fair value. Commitments to extend credit represent the principal categories of off-balance-sheet financial instruments - The fair values of these commitments are not material since they are for a short period of time and are subject to customary credit terms. |
Federal Income Taxes (Notes)
Federal Income Taxes (Notes) | 3 Months Ended |
Sep. 30, 2015 | |
Income Tax Disclosure [Abstract] | |
Income Taxes | Note 11 - Federal Income Taxes Deferred tax assets and liabilities are recognized for the future tax consequences attributable to temporary differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax basis. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. These calculations are based on many complex factors including estimates of the timing of reversals of temporary differences, the interpretation of federal income tax laws, and a determination of the differences between the tax and the financial reporting basis of assets and liabilities. Actual results could differ significantly from the estimates and interpretations used in determining the current and deferred income tax assets and liabilities. As of September 30, 2015, the Condensed Consolidated Statement of Financial Condition included a net deferred tax asset of $8.8 million . Our primary deferred tax assets relate to our ALLL and our net operating loss carryforward, in the amount of $14.6 million , which will begin to expire in 2031. Under GAAP, a valuation allowance is required to be recognized if it is “more likely than not” that a portion of the deferred tax asset will not be realized. Our policy is to evaluate our deferred tax assets on a quarterly basis and record a valuation allowance for our deferred tax asset if we do not have sufficient positive evidence indicating that it is more likely than not that some or all of the deferred tax asset will be realized. Each quarter, we consider positive evidence, which may include taxes paid in carryback years, reversing timing differences, available tax planning strategies, and projected taxable income and weigh it against negative evidence, which may include cumulative losses in the most recent three year period and uncertainty regarding short-term future earnings, among other items. At December 31, 2014, management determined that no valuation allowance on the deferred tax asset was required. This determination was based on sufficient positive evidence associated with our return to profitability, demonstrated through cumulative earnings over the recent three year period, strong quarterly income, and our projections for future taxable income. |
Basis of Presentation_ Basis of
Basis of Presentation: Basis of Presentation Policy (Policies) | 3 Months Ended |
Sep. 30, 2015 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Basis of Presentation Policy | The accompanying unaudited consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) for interim financial information and in accordance with the instructions to Form 10-Q and Article 10 of Regulation S-X as promulgated by the Securities and Exchange Commission (“SEC”). Accordingly, they do not include all the information and footnotes required by accounting principles generally accepted in the United States for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation of the financial position and results of operations for the periods presented have been included. It is recommended that these unaudited interim consolidated financial statements be read in conjunction with the audited consolidated financial statements and notes thereto included in the Company's Annual Report on Form 10-K for the year ended June 30, 2015 (“2015 Form 10-K”). The results of operations for the three months ended September 30, 2015 are not necessarily indicative of results that may be expected for the entire fiscal year ending June 30, 2016. Certain prior year amounts have been reclassified to conform to current fiscal year presentation. The reclassifications had no impact on previously reported consolidated net income or equity. The Company has evaluated events and transactions subsequent to September 30, 2015 for potential recognition or disclosure. |
Recently Issued Accounting Pr19
Recently Issued Accounting Pronouncements: New Accounting Pronouncements, Policy (Policies) | 3 Months Ended |
Sep. 30, 2015 | |
Accounting Policies [Abstract] | |
New Accounting Pronouncements, Policy | In April 2015, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2015-05, Customer's Accounting for Fees Paid in a Cloud Computing Arrangement . The amendments in this ASU provide guidance to customers in cloud computing arrangements about whether a cloud computing arrangement includes a software license. If a cloud computing arrangement includes a software license, the customer should account for the software license element of the arrangement consistent with the acquisition of other software licenses. If a cloud computing arrangement does not include a software license, the customer should account for the arrangement as a service contract. The amendments are effective for annual periods, including interim periods within those annual periods, beginning after December 15, 2015. Early adoption is permitted. This ASU is not expected to have a material effect on the Company's consolidated financial statements. In June 2015, the FASB issued ASU No. 2015-10, Technical Corrections and Improvements . On November 10, 2010 FASB added a standing project that will facilitate the FASB Accounting Standards Codification ("Codification") updates for technical corrections, clarifications, and improvements. These amendments are referred to as Technical Corrections and Improvements . Maintenance updates include non-substantive corrections to the Codification, such as editorial corrections, various link-related changes, and changes to source fragment information. This ASU contains amendments that will affect a wide variety of Topics in the Codification. The amendments in this ASU will apply to all reporting entities within the scope of the affected accounting guidance and generally fall into one of four categories: amendments related to differences between original guidance and the Codification, guidance clarification and reference corrections, simplification, and minor improvements. In summary, the amendments in this ASU represent changes to clarify the Codification, correct unintended application of guidance, or make minor improvements to the Codification that are not expected to have a significant effect on current accounting practice. Transition guidance varies based on the amendments in this ASU. The amendments in this ASU that require transition guidance are effective for fiscal years and interim reporting periods after December 15, 2015. Early adoption is permitted including adoption in an interim period. All other amendments are effective upon the issuance of this ASU. ASU 2015-10 did not have a material impact on the Company's consolidated financial statements. In July 2015, the FASB issued ASU No. 2015-14, Revenue from Contracts with Customers , deferring the effective date of the new revenue standard by one year. The standard also allows entities to choose to adopt the standard as of the original effective date. The FASB decided, based on its outreach to various stakeholders and the forthcoming amendments to the new revenue standard, that a deferral is necessary to provide adequate time to effectively implement the new revenue standard. In August 2015, the FASB issued ASU No. 2015-15, "Interest-Imputation of Interest (Subtopic 835-30), Presentation and Subsequent Measurement of Debt Issuance Costs Associated with Line-of-Credit Arrangements." The ASU provides guidance not previously included in ASU 2015-03 regarding debt issuance related to line-of-credit arrangements. The amendment allows an entity to present debt issuance costs as an asset and subsequently amortize the deferred debt issuance costs over the term of the line-of-credit arrangement, regardless if there are any outstanding borrowings on the line-of-credit arrangement. The amendment is effective for fiscal years beginning after December 15, 2015. The adoption of ASU No. 2015-15 is not expected to have a material impact on the Company's consolidated financial statements. In September 2015, the FASB issued ASU No. 2015-16, "Business Combinations (Topic 805)" . The ASU simplifies the accounting for measurement period adjustments. The amendments require that an acquirer recognize adjustments to provisional amounts that are identified during the measurement period in the reporting period when the adjustment amounts are determined. The acquirer is required to record in the same period's financial statements the effect on earnings from changes in depreciation, amortization, or other income effects resulting from the change to provisional amounts, calculated as if the accounting had been completed at the acquisition date. The acquirer must present separately on the income statement, or disclose in the notes, the amount recorded in current-period earnings that would have been recorded in previous reporting periods if the provisional amount had been recognized at the acquisition date. For public business entities, the amendments are effective for fiscal years beginning after December 15, 2015, including interim periods within those fiscal years. The adoption of ASU No. 2015-16 is not expected to have a material impact on the Company's consolidated financial statements. |
Supervisory Directive Policy (P
Supervisory Directive Policy (Policies) | 3 Months Ended |
Sep. 30, 2015 | |
Supervisory Directive [Abstract] | |
Supervisory Directive Policy | Anchor Bank entered into an Order to Cease and Desist (“Order”) with the FDIC and the Washington State Department of Financial Institutions, Division of Banks (“DFI”) on August 12, 2009. On September 5, 2012, the FDIC and the DFI terminated the Order and it was replaced with a Supervisory Directive with the DFI. The Supervisory Directive with the DFI was terminated on November 20, 2014. The Federal Reserve Bank of San Francisco terminated the Supervisory Directive it had with the Company on January 13, 2015. |
Earnings Per Share_ Earnings Pe
Earnings Per Share: Earnings Per Share, Policy (Policies) | 3 Months Ended |
Sep. 30, 2015 | |
Earnings Per Share [Abstract] | |
Earnings Per Share, Policy | Basic earnings per share is computed by dividing income or loss, as applicable, available to common shareholders by the weighted average number of common shares outstanding for the period. As ESOP shares are committed to be released they become outstanding for EPS calculation purposes. ESOP shares not committed to be released are not considered outstanding. 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. |
Loans Receivable, Net (Policies
Loans Receivable, Net (Policies) | 3 Months Ended |
Sep. 30, 2015 | |
Loans Receivable, Net [Abstract] | |
Credit Quality Internal Rating System Policy | Credit Quality Indicators. We utilize a ten-point risk rating system and assign a risk rating for all credit exposures. The risk rating system is designed to define the basic characteristics and identify risk elements of each credit extension. Credits risk rated 1 through 7 are considered to be “pass” credits. Pass credits can be assets where there is virtually no credit risk, such as cash secured loans with funds on deposit with the Bank. Pass credits also include credits that are on our watch and special mention lists, where the borrower exhibits potential weaknesses, which may, if not checked or corrected, negatively affect the borrower's financial capacity and threaten their ability to fulfill debt obligations in the future. A seasoned loan with a Debt Service Coverage Ratio ("DSCR") of greater than 1.00 is the minimum acceptable level for a " Pass Credit". Particular attention is paid to the coverage trend analysis as any loan with a declining DSCR trend may warrant a higher risk grade even if the current coverage is at or above the 1.00 threshold. Credits classified as Watch are risk rated 6 and possess weaknesses that deserve management's close attention. These assets do not expose the Bank to sufficient risk to warrant adverse classification in the substandard, doubtful or loss categories. We use this rating when a material documentation deficiency exists but correction is anticipated within an acceptable time frame. A loan classified as Watch may have the following characteristics: • Acceptable asset quality, but requiring increased monitoring. Strained liquidity and less than anticipated performance. The loan may be fully leveraged. • Apparent management weakness, perhaps demonstrated by an irregular flow of adequate and/or timely performance information required to support the credit. • The borrower has a plausible plan to correct problem(s) in the near future that is devoid of material uncertainties. • Lacks reserve capacity, so the risk rating will improve or decline in relatively short time (results of corrective actions should be apparent within six months or less). Credits classified as Special Mention are risk rated 7. These credits have potential weaknesses that deserve management's close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the asset. Special Mention assets are not adversely classified and do not expose the Bank to sufficient risk to warrant adverse classification. A loan classified as Special Mention may have the following characteristics: • Performance is poor or significantly less than expected. A debt service deficiency either exists or cannot be ruled out. • Generally an undesirable business credit. Assets in this category are protected, but are potentially weak. These assets constitute an undue and unwarranted credit risk, but not to the point of justifying a classification of Substandard. Special Mention assets have potential weaknesses which may, if not checked or corrected, weaken the asset or inadequately protect the Bank's credit position at some future date. • Assets which might be detailed in this category include credits that the lending officer may be unable to supervise properly because of lack of expertise, an inadequate loan agreement, the condition of and control over collateral, failure to obtain proper documentation, or any other deviations from prudent lending practices. • An adverse trend in the borrower's operations or an imbalanced position in the balance sheet which does not jeopardize liquidation may best be handled by this classification. • A Special Mention classification should not be used as a compromise between a pass and substandard rating. Assets in which actual, not potential, weaknesses are evident and significant, and should be considered for more serious criticism. A loan classified as Substandard is risk rated 8. They are characterized by the distinct possibility that the Bank will sustain some loss if the deficiencies are not corrected. An asset is considered Substandard if it is inadequately protected by the current net worth and payment capacity of the borrower or of any collateral pledged. A loan classified as Substandard may have the following characteristics: • Unacceptable business credit. The asset is inadequately protected by the current sound worth and paying capacity of the borrower or of the collateral pledged, if any. Assets so classified must have a well defined weakness or weaknesses that jeopardize the liquidation of the debt. • Though no loss is envisioned, the outlook is sufficiently uncertain to preclude ruling out the possibility. Some liquidation of assets will likely be necessary as a corrective measure. • Assets in this category may demonstrate performance problems such as debt servicing deficiencies with no immediate relief, including having a DSCR of less than 1.00 . Borrowers have an inability to adjust to prolonged and unfavorable industry or economic trends. Management's character and/or effectiveness have become suspect. A loan classified as Doubtful is risk rated 9 and has all the inherent weaknesses as those classified Substandard with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions, and values highly questionable is improbable. A loan classified as Doubtful is risk rated 9 and has the following characteristics: • The possibility of loss is extremely high, but because of certain important and reasonable specific pending factors which may work to the advantage and strengthening of the asset, its classification as an estimated loss is deferred until its more exact status may be determined. • Pending factors include proposed merger, acquisition, or liquidation procedures, capital injection, perfecting liens on additional collateral and refinancing plans. A loan risk rated 10 is a loan for which a total loss is expected. A loan classified as a Loss has the following characteristics: • An uncollectible asset or one of such little value that it does not warrant classification as an active, earning asset. Such an asset may, however, have recovery or salvageable value, but not to the point of deferring full write off, even though some recovery may occur in the future. • The Bank will charge off such assets as a loss during the accounting period in which they were identified. • Loan to be eliminated from the active loan reporting system via charge off. |
Loans and Leases Receivable, Troubled Debt Restructuring Policy | Troubled Debt Restructures . At September 30, 2015 and June 30, 2015, troubled debt restructured loans (“TDRs”), included in impaired loans above, totaled $9.7 million with $823,000 in nonaccrual and $9.8 million with $681,000 in nonaccrual, respectively. Restructured loans are an option that the Bank uses to minimize risk of loss and are a concession granted to a borrower experiencing financial difficulties that it would not otherwise consider. The modifications have included items such as lowering the interest rate on the loan for a period of time and extending the maturity date of the loan. These modifications are made only when there is a reasonable and attainable workout plan that has been agreed to by the borrower and is in the Bank's best interest. At September 30, 2015 , there were no commitments to lend additional funds to borrowers whose loans have been modified in a TDR. |
Employee Benefit Plans_ Employe
Employee Benefit Plans: Employee Stock Ownership Plan (ESOP), Policy (Policies) | 3 Months Ended |
Sep. 30, 2015 | |
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | |
Employee Stock Ownership Plan (ESOP), Policy | On January 25, 2011, the Company established an ESOP for the benefit of substantially all employees. The ESOP borrowed $1.0 million from the Company and used those funds to acquire 102,000 shares of the Company's common stock at the time of the initial public offering at a price of $10.00 per share. Shares purchased by the ESOP with the loan proceeds are held in a suspense account and allocated to ESOP participants on a pro rata basis as principal and interest payments are made by the ESOP to the Company. The loan is secured by shares purchased with the loan proceeds and will be repaid by the ESOP with funds from the Company's discretionary contributions to the ESOP and earnings on the ESOP assets. Payments of principal and interest are due annually on June 30, the Company's fiscal year end. As shares are committed to be released from collateral, the Company reports compensation expense equal to the daily average market prices of the shares and the shares become outstanding for EPS computations. The compensation expense is accrued throughout the year. Compensation expense related to the ESOP for the three months ended September 30, 2015 and 2014 was $38,000 and $62,000 , respectively. |
Fair Value Measurements (Polici
Fair Value Measurements (Policies) | 3 Months Ended |
Sep. 30, 2015 | |
Fair Value Disclosures [Abstract] | |
Fair Value Measurement Policy | Assets and liabilities measured at fair value on a recurring basis - Assets and liabilities are considered to be fair valued on a recurring basis if fair value is measured regularly. The following definitions describe the levels of inputs that may be used to measure fair value: Level 1: Quoted prices (unadjusted) in active markets for identical assets or liabilities that the reporting entity has the ability to access at the measurement date. Level 2: Significant observable inputs other than quoted prices included within Level 1, such as quoted prices in markets that are not active, and inputs other than quoted prices that are observable or can be corroborated by observable market data. Level 3: Significant unobservable inputs that reflect a company's own assumptions about the assumptions market participants would use in pricing an asset or liability based on the best information available in the circumstances. |
Fair Value Methods and Assumptions Policy | The following methods and assumptions were used to estimate the fair value of each class of financial instrument: Cash and cash equivalents - For cash, the carrying amount is a reasonable estimate of fair value. Securities - The estimated fair values of securities are based on quoted market prices of similar securities. FHLB stock - FHLB stock is carried at par and does not have a readily determinable fair value. Ownership of FHLB stock is restricted to the member institutions, and can only be purchased and redeemed at par. Loans held for sale - The fair value of loans held-for-sale is based on quoted market prices from FHLMC. FHLMC quotes are updated daily and represent prices at which loans are exchanged in high volumes and in a liquid market. Loans receivable - For variable rate loans that reprice frequently and with no significant change in credit risk, fair values are based on carrying values. The fair value of fixed-rate loans is estimated using discounted cash flow analysis, utilizing interest rates that would be offered for loans with similar terms to borrowers of similar credit quality. As a result of current market conditions, cash flow estimates have been further discounted to include a credit factor. The fair value of nonperforming loans is estimated using the fair value of the underlying collateral. Bank owned life insurance investment, net of surrender charges - The carrying amount is a reasonable estimate of its fair value. Demand deposits, savings, money market, and certificates of deposit - The fair value of the Bank's demand deposits, savings, and money market accounts is the amount payable on demand. The fair value of fixed-maturity certificates is estimated using a discounted cash flow analysis using current rates offered for deposits of similar remaining maturities. FHLB advances - The fair value of the Bank's FHLB advances was calculated using the discounted cash flow method. The discount rate was equal to the current rate offered by the FHLB for advances of similar remaining maturities. Accrued interest receivable and advance payments by borrowers for taxes and insurance - The carrying value has been determined to be a reasonable estimate of their fair value. Commitments to extend credit represent the principal categories of off-balance-sheet financial instruments - The fair values of these commitments are not material since they are for a short period of time and are subject to customary credit terms. |
Earnings Per Share_ Schedule of
Earnings Per Share: Schedule of Earnings Per Share, Basic and Diluted (Tables) | 3 Months Ended |
Sep. 30, 2015 | |
Earnings Per Share [Abstract] | |
Schedule of Earnings Per Share, Basic and Diluted | The following table presents a reconciliation of the components used to compute basic and diluted earnings per share: For the Three Months Ended September 30, 2015 2014 (Dollars in thousands, except share data) Net income $ 345 $ 113 Weighted-average common shares outstanding 2,472,368 2,474,841 Basic earnings per share $ 0.14 $ 0.05 Diluted earnings per share $ 0.14 $ 0.05 |
Investments (Tables)
Investments (Tables) | 3 Months Ended |
Sep. 30, 2015 | |
Investments [Abstract] | |
Schedule of Investment Securities by Amortized Cost and Estimated Fair Market Value | The amortized cost and estimated fair market values of investment securities as of September 30, 2015 and June 30, 2015 , were as follows: September 30, 2015 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value (In thousands) Securities available-for-sale Municipal bonds $ 432 $ — $ — $ 432 Mortgage-backed securities: FHLMC (1) 11,112 158 (86 ) 11,184 FNMA (2) 15,544 60 (157 ) 15,447 GNMA (3) 891 — (12 ) 879 $ 27,979 $ 218 $ (255 ) $ 27,942 Securities held-to-maturity Municipal bonds $ 117 $ — $ — $ 117 Mortgage-backed securities: FHLMC 3,205 81 (37 ) 3,249 FNMA 1,748 114 (14 ) 1,848 GNMA 2,260 — (49 ) 2,211 $ 7,330 $ 195 $ (100 ) $ 7,425 (1) Federal Home Loan Mortgage Corporation ("Freddie Mac") (2) Federal National Mortgage Association ("Fannie Mae") (3) Government National Mortgage Association ("Ginnie Mae") June 30, 2015 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value (In thousands) Securities available-for-sale Municipal bonds $ 434 $ 1 $ — $ 435 Mortgage-backed securities: FHLMC 11,780 134 (123 ) 11,791 FNMA 16,534 70 (196 ) 16,408 GNMA 948 — (17 ) 931 $ 29,696 $ 205 $ (336 ) $ 29,565 Securities held-to-maturity Municipal bonds $ 119 $ — $ — $ 119 Mortgage-backed securities: FHLMC 3,367 95 (56 ) 3,406 FNMA 1,858 124 (22 ) 1,960 GNMA 2,273 — (66 ) 2,207 $ 7,617 $ 219 $ (144 ) $ 7,692 |
Schedule of Temporary Impairment Losses, Investments | The fair value of temporarily impaired securities, the amount of unrealized losses, and the length of time these unrealized losses existed as of September 30, 2015 and June 30, 2015, were as follows: Less Than 12 Months 12 Months or Longer Total Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses September 30, 2015 (In thousands) Securities available-for-sale Mortgage-backed securities: FHLMC $ 380 $ (1 ) $ 5,111 $ (85 ) $ 5,491 $ (86 ) FNMA 3,648 (27 ) 6,437 (130 ) 10,085 (157 ) GNMA — — 879 (12 ) 879 (12 ) $ 4,028 $ (28 ) $ 12,427 $ (227 ) $ 16,455 $ (255 ) Less Than 12 Months 12 Months or Longer Total Fair Unrealized Fair Unrealized Fair Unrealized September 30, 2015 (In thousands) Securities held-to-maturity Mortgage-backed securities: FHLMC $ — $ — $ 2,216 $ (37 ) $ 2,216 $ (37 ) FNMA — — 746 (14 ) 746 (14 ) GNMA — — 2,211 (49 ) 2,211 (49 ) $ — $ — $ 5,173 $ (100 ) $ 5,173 $ (100 ) Less Than 12 Months 12 Months or Longer Total Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses June 30, 2015 (In thousands) Securities available-for-sale Mortgage-backed securities: FHLMC $ 747 $ (1 ) $ 5,404 $ (122 ) $ 6,151 $ (123 ) FNMA 3,105 (45 ) 6,898 (151 ) 10,003 (196 ) GNMA — — 931 (17 ) 931 (17 ) $ 3,852 $ (46 ) $ 13,233 $ (290 ) $ 17,085 $ (336 ) Less Than 12 Months 12 Months or Longer Total Fair Unrealized Fair Unrealized Fair Unrealized June 30, 2015 (In thousands) Securities held-to-maturity Mortgage-backed securities: FHLMC $ — $ — $ 2,299 $ (56 ) $ 2,299 $ (56 ) FNMA — — 772 (22 ) 772 (22 ) GNMA — — 2,207 (66 ) 2,207 (66 ) $ — $ — $ 5,278 $ (144 ) $ 5,278 $ (144 ) |
Schedule of Contractual Maturities of Securities | September 30, 2015 Amortized Cost Fair Value (In thousands) Securities available-for-sale Municipal bonds: Due within one year $ 250 $ 250 Due after ten years 182 182 Mortgage-backed securities: FHLMC 11,112 11,184 FNMA 15,544 15,447 GNMA 891 879 $ 27,979 $ 27,942 Securities held-to-maturity Municipal bonds: Due after five to ten years $ 117 $ 117 Mortgage-backed securities: FHLMC 3,205 3,249 FNMA 1,748 1,848 GNMA 2,260 2,211 $ 7,330 $ 7,425 |
Schedule of Sales of Securities and Maturities | Sales of securities available-for-sale for the dates indicated are summarized as follows: Three Months Ended September 30, 2015 2014 (In thousands) Proceeds from sales $ — $ 702 Proceeds from maturities and calls — — Gross realized gains — 47 Gross realized losses — — |
Schedule of Financial Instruments Owned and Pledged as Collateral [Table Text Block] | Pledged securities at the dates indicated are summarized as follows: September 30, 2015 June 30, 2015 Pledged to secure: Amortized Cost Fair Value Amortized Cost Fair Value (In thousands) Public deposits $ 11,870 $ 11,942 $ 12,184 $ 12,189 FHLB borrowings 1,576 1,632 1,727 1,788 Federal Reserve borrowing line 995 987 1,001 990 |
Loans Receivable, Net (Tables)
Loans Receivable, Net (Tables) | 3 Months Ended |
Sep. 30, 2015 | |
Loans Receivable, Net [Abstract] | |
Schedule of Accounts, Notes, Loans and Financing Receivable | Loans receivable consisted of the following at the dates indicated: September 30, 2015 June 30, 2015 (In thousands) Real estate: One-to-four family $ 64,307 $ 57,944 Multi-family 35,535 43,249 Commercial 133,422 128,306 Construction 11,392 11,731 Land 3,610 4,069 Total real estate 248,266 245,299 Consumer: Home equity 17,116 17,604 Credit cards 3,143 3,289 Automobile 636 686 Other consumer 2,228 2,347 Total consumer 23,123 23,926 Commercial business 18,569 18,987 Total loans 289,958 288,212 Less: Deferred loan fees 1,192 1,047 Allowance for loan losses 3,687 3,721 Loans receivable, net $ 285,079 $ 283,444 |
Schedule of Activity in Allowance for Loan Losses by Portfolio Segment | The following table presents the activity in the allowance for loan losses by portfolio segment for the three months ended September 30, 2015: One-to- four family Multi- family Commercial real estate Construction Land Consumer (1) Commercial business Unallocated Three months ended 09/30/15 (In thousands) Allowance for loan losses : Beginning balance $ 1,113 $ 95 $ 262 $ 247 $ 75 $ 445 $ 1,405 $ 79 $ 3,721 Provision (benefit) for loan losses (131 ) 11 417 (140 ) (36 ) 21 (43 ) (79 ) 20 Charge-offs (146 ) — — — — (31 ) (44 ) — (221 ) Recoveries 126 — 1 8 — 31 1 — 167 Ending balance $ 962 $ 106 $ 680 $ 115 $ 39 $ 466 $ 1,319 $ — $ 3,687 (1) Consumer loans include home equity, credit cards, automobile, and other consumer loans. The only consumer loans with impairment are home equity loans. The following table presents the activity in the allowance for loan losses by portfolio segment for the three months ended September 30, 2014: One-to- four family Multi- Commercial Construction Land Consumer Commercial Unallocated Three months ended 09/30/14 (In thousands) Allowance for loan losses: Beginning balance $ 1,550 $ 229 $ 682 $ 190 $ 74 $ 587 $ 1,231 $ 81 $ 4,624 Provision (benefit) for loan losses (186 ) 13 37 98 1 28 8 1 — Charge-offs (94 ) (159 ) (340 ) — — (84 ) (86 ) — (763 ) Recoveries 11 — — 12 — 37 73 — 133 Ending balance $ 1,281 $ 83 $ 379 $ 300 $ 75 $ 568 $ 1,226 $ 82 $ 3,994 (1) Consumer loans include home equity, credit cards, automobile, and other consumer loans. The only consumer loans with impairment are home equity loans. |
Schedule of Loans Individually Evaluated for Impairment | The following table presents loans individually evaluated for impairment by class of loans as of September 30, 2015 : Recorded Investments Unpaid Principal Balance Related Allowance (In thousands) With no allowance recorded One-to-four family $ 1,834 $ 2,291 $ — Land 179 192 — Home equity 63 65 — Commercial business 198 307 — With an allowance recorded One-to-four family $ 7,679 $ 7,710 $ 500 Land 322 322 2 Home equity 230 230 28 Other consumer 30 33 9 Commercial business 769 778 195 Total One-to-four family $ 9,513 $ 10,001 $ 500 Land 501 514 2 Home equity 293 295 28 Other consumer 30 33 9 Commercial business 967 1,085 195 Total $ 11,304 $ 11,928 $ 734 The following table presents loans individually evaluated for impairment by class of loans as of June 30, 2015 : Recorded Investments Unpaid Principal Balance Related Allowance (In thousands) With no allowance recorded One-to-four family $ 1,557 $ 1,860 $ — Land 231 245 — Home equity 64 65 — Other consumer 31 32 — Commercial business 64 126 — With an allowance recorded One-to-four family $ 7,716 $ 7,743 $ 500 Land 408 408 3 Home equity 212 212 26 Commercial business 868 868 211 Total One-to-four family $ 9,273 $ 9,603 $ 500 Land 639 653 3 Home equity 276 277 26 Other consumer 31 32 — Commercial business 932 994 211 Total $ 11,151 $ 11,559 $ 740 |
Schedule of Loans Evaluated for Impairment Average Recorded Invesetment and Interest Income Recognized | The following table presents the average recorded investment in loans individually evaluated for impairment and the interest income recognized for the three months ended September 30, 2015 and 2014: Three Months Ended September 30, 2015 Three Months Ended September 30, 2014 Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized (In thousands) With no allowance recorded One-to-four family $ 2,076 $ 4 $ 2,630 $ 6 Commercial real estate — — 110 — Land 219 1 321 1 Home equity 65 — 107 — Commercial business 217 1 95 1 With an allowance recorded One-to-four family $ 7,727 $ 27 $ 8,199 $ 28 Multi-family — — 79 — Commercial real estate — — 925 — Land 365 7 463 2 Home equity 221 1 260 1 Commercial business 823 — 275 1 Total One-to-four family $ 9,803 $ 31 $ 10,829 $ 34 Multi-family — — 79 — Commercial real estate — — 1,035 — Land 584 8 784 3 Home equity 286 1 367 1 Commercial business 1,040 1 370 2 Total $ 11,713 $ 41 $ 13,464 $ 40 |
Schedule of Balance in Allowance for Loan Losses | The following table presents the balance in the allowance for loan losses and the recorded investment in loans by portfolio segment and based on impairment method as of September 30, 2015 : One-to-four family Multi- family Commercial real estate Construction Land Consumer(1) Commercial business Unallocated Total (In thousands) Allowance for loan losses: Ending balance $ 962 $ 106 $ 680 $ 115 $ 39 $ 466 $ 1,319 $ — $ 3,687 Ending balance: individually evaluated for impairment 500 — — — 2 37 195 — 734 Ending balance: collectively evaluated for impairment $ 462 $ 106 $ 680 $ 115 $ 37 $ 429 $ 1,124 $ — $ 2,953 Loans receivable: Ending balance $ 64,307 $ 35,535 $ 133,422 $ 11,392 $ 3,610 $ 23,123 $ 18,569 $ — $ 289,958 Ending balance: individually evaluated for impairment 9,513 — — — 501 323 967 — 11,304 Ending balance: collectively evaluated for impairment $ 54,794 $ 35,535 $ 133,422 $ 11,392 $ 3,109 $ 22,800 $ 17,602 $ — $ 278,654 (1) Consumer loans include home equity, credit cards, auto and other consumer loans. The following table presents the balance in the allowance for loan losses and the recorded investment in loans by portfolio segment and based on impairment method as of June 30, 2015: One-to-four family Multi- family Commercial real estate Construction Land Consumer(1) Commercial business Unallocated Total (In thousands) Allowance for loan losses: Ending balance $ 1,113 $ 95 $ 262 $ 247 $ 75 $ 445 $ 1,405 $ 79 $ 3,721 Ending balance: individually evaluated for impairment 500 — — — 3 26 211 — 740 Ending balance: collectively evaluated for impairment $ 613 $ 95 $ 262 $ 247 $ 72 $ 419 $ 1,194 $ 79 $ 2,981 Loans receivable: Ending balance $ 57,944 $ 43,249 $ 128,306 $ 11,731 $ 4,069 $ 23,926 $ 18,987 $ — $ 288,212 Ending balance: individually evaluated for impairment 9,273 — — — 639 307 932 — 11,151 Ending balance: collectively evaluated for impairment $ 48,671 $ 43,249 $ 128,306 $ 11,731 $ 3,430 $ 23,619 $ 18,055 $ — $ 277,061 (1) Consumer loans include home equity, credit cards, auto, and other consumer loans. |
Schedule of Financing Receivables, Non Accrual Status | The following table presents the recorded investment in nonaccrual and loans past due 90 days still accruing interest by type of loans as of the dates indicated: September 30, 2015 June 30, 2015 (In thousands) One-to-four family $ 1,388 $ 1,263 Credit cards 5 6 Other consumer 30 31 Commercial business 873 711 Total $ 2,296 $ 2,011 |
Schedule of Past Due Loans by Class | The following table presents past due loans, net of partial loan charge-offs, by class, as of September 30, 2015 : 30-59 Days Past Due 60-89 Days Past Due 90 Days Or More Past Due (1) Total Past Due Current Total Loans (In thousands) One-to-four family $ 1,376 $ 334 $ 1,388 $ 3,098 $ 61,209 $ 64,307 Multi-family — — — — 35,535 35,535 Commercial real estate — — — — 133,422 133,422 Construction — — — — 11,392 11,392 Land 37 — — 37 3,573 3,610 Home equity 90 16 — 106 17,010 17,116 Credit cards 32 38 5 75 3,068 3,143 Automobile 7 — — 7 629 636 Other consumer 15 29 30 74 2,154 2,228 Commercial business 64 — 873 937 17,632 18,569 Total $ 1,621 $ 417 $ 2,296 $ 4,334 $ 285,624 $ 289,958 (1) Includes loans on nonaccrual status. The following table presents past due loans, net of partial loan charge-offs, by class as of June 30, 2015 : 30-59 Days Past Due 60-89 Days Past Due 90 Days Or More Past Due (1) Total Past Due Current Total Loans (In thousands) One-to-four family $ 616 $ 552 $ 1,263 $ 2,431 $ 55,513 $ 57,944 Multi-family — — — — 43,249 43,249 Commercial real estate — — — — 128,306 128,306 Construction — — — — 11,731 11,731 Land — — — — 4,069 4,069 Home equity 15 16 — 31 17,573 17,604 Credit cards 8 26 6 40 3,249 3,289 Automobile 9 — — 9 677 686 Other consumer 16 — 31 47 2,300 2,347 Commercial business 64 273 711 1,048 17,939 18,987 Total $ 728 $ 867 $ 2,011 $ 3,606 $ 284,606 $ 288,212 (1) Includes loans on nonaccrual status. |
Schedule of Credit Quality Internal Rating System | The following table presents the internally assigned grade as of June 30, 2015 , by class of loans: One-to- four family Multi-family Commercial real estate Construction Land Home equity Credit cards Automobile Other consumer Commercial business Total (In thousands) Grade: Pass $ 49,119 $ 42,884 $ 125,586 $ 11,731 $ 3,430 $ 16,585 $ 3,249 $ 615 $ 2,214 $ 16,981 $ 272,394 Watch 2,151 — 2,044 — — 697 34 71 102 915 6,014 Special Mention 4,755 — 676 — 231 301 — — — 159 6,122 Substandard 1,919 365 — — 408 21 6 — 31 932 3,682 Doubtful — — — — — — — — — — — Total $ 57,944 $ 43,249 $ 128,306 $ 11,731 $ 4,069 $ 17,604 $ 3,289 $ 686 $ 2,347 $ 18,987 $ 288,212 The following table presents the internally assigned grade as of September 30, 2015 , by class of loans: One-to- four family Multi- family Commercial real estate Construction Land Home equity Credit cards Automobile Other consumer Commercial business Total (In thousands) Grade: Pass $ 55,118 $ 35,079 $ 130,179 $ 11,392 $ 3,109 $ 16,167 $ 3,069 $ 569 $ 2,082 $ 16,966 $ 273,730 Watch 5,088 456 2,028 — 322 612 69 67 87 603 9,332 Special Mention 2,346 — 1,215 — 179 316 — — 29 63 4,148 Substandard 1,755 — — — — 21 5 — 30 937 2,748 Doubtful — — — — — — — — — — — Total $ 64,307 $ 35,535 $ 133,422 $ 11,392 $ 3,610 $ 17,116 $ 3,143 $ 636 $ 2,228 $ 18,569 $ 289,958 |
Schedule of Credit Risk Profile | The following table presents the credit risk profile based on payment activity as of June 30, 2015 , by class of loans: One-to- four family Multi-family Commercial real estate Construction Land Home equity Credit cards Automobile Other consumer Commercial business Total (In thousands) Performing $ 56,681 $ 43,249 $ 128,306 $ 11,731 $ 4,069 $ 17,604 $ 3,283 $ 686 $ 2,316 $ 18,276 $ 286,201 Nonperforming (1) 1,263 — — — — — 6 — 31 711 2,011 Total $ 57,944 $ 43,249 $ 128,306 $ 11,731 $ 4,069 $ 17,604 $ 3,289 $ 686 $ 2,347 $ 18,987 $ 288,212 (1) Loans that are more than 90 days past due and nonaccrual loans are considered nonperforming. The following table presents the credit risk profile based on payment activity as of September 30, 2015 , by class of loans: One-to- four family Multi-family Commercial real estate Construction Land Home equity Credit cards Automobile Other consumer Commercial business Total (In thousands) Performing $ 62,919 $ 35,535 $ 133,422 $ 11,392 $ 3,610 $ 17,116 $ 3,138 $ 636 $ 2,198 $ 17,696 $ 287,662 Nonperforming (1) 1,388 — — — — — 5 — 30 873 2,296 Total $ 64,307 $ 35,535 $ 133,422 $ 11,392 $ 3,610 $ 17,116 $ 3,143 $ 636 $ 2,228 $ 18,569 $ 289,958 (1) Loans that are more than 90 days past due and nonaccrual loans are considered nonperforming. |
Schedule of Troubled Debt Restructurings by Accrual versus Nonaccrual Status | The following table presents TDRs by accrual versus nonaccrual status and by loan class as of September 30, 2015 : September 30, 2015 Accrual Status Nonaccrual Total Modifications (In thousands) One-to-four family $ 7,975 $ 667 $ 8,642 Land 501 — 501 Home equity 293 — 293 Commercial business 94 156 250 Total $ 8,863 $ 823 $ 9,686 The following table presents TDRs by accrual versus nonaccrual status and by loan class as of June 30, 2015 : June 30, 2015 Accrual Status Nonaccrual Total Modifications (In thousands) One-to-four family $ 8,010 $ 681 $ 8,691 Land 639 — 639 Home equity 276 — 276 Commercial business 221 — 221 Total $ 9,146 $ 681 $ 9,827 |
Schedule of Debtor Troubled Debt Restructuring, Current Period | The following tables present TDRs and their recorded investment prior to the modification and after the modification for TDR transactions that originated during the three months ended September 30, 2015 and 2014: Three Months Ended September 30, 2015 Three Months Ended September 30, 2014 Number of Contracts Pre-TDR Recorded Investment Post-TDR Recorded Investment Number of Pre-TDR Recorded Investment Post-TDR Recorded Investment (Dollars in thousands) One-to-four family — $ — $ — 1 $ 197 $ 196 Total — $ — $ — 1 $ 197 $ 196 |
Schedule of Troubled Debt Restructurings With Subsequent Default | The following table presents TDRs for which there was a payment default within 12 months of their restructure for the periods indicated: Three Months Ended September 30, 2015 Three Months Ended September 30, 2014 Number of Contracts Number of Contracts (Dollars in thousands) One-to-four family — $ — 6 $ 1,605 Home equity — — 2 161 Commercial business — — 1 64 Total — $ — 9 $ 1,830 |
Real Estate Owned, Net_ Schedul
Real Estate Owned, Net: Schedule of Real Estate Properties (Tables) | 3 Months Ended |
Sep. 30, 2015 | |
Real Estate Owned, Disclosure of Detailed Components [Abstract] | |
Schedule of Real Estate Properties | The following table is a summary of real estate owned activity for the three months ended September 30, 2015 and 2014: Three Months Ended September 30, 2015 2014 (In thousands) Balance at the beginning of the period $ 797 $ 5,067 Net loans transferred to real estate owned — 1,824 Capitalized improvements — 6 Sales (457 ) (768 ) Impairments (38 ) (37 ) Balance at the end of the period $ 302 $ 6,092 |
Employee Benefit Plans_ Schedul
Employee Benefit Plans: Schedule of Employee Stock Ownership Plan (ESOP) Disclosures (Tables) | 3 Months Ended |
Sep. 30, 2015 | |
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | |
Schedule of Employee Stock Ownership Plan (ESOP) Disclosures | Shares held by the ESOP as of the dates indicated are as follows: September 30, 2015 June 30, 2015 (Dollars in thousands) Allocated shares 34,585 32,865 Unallocated shares 67,415 69,135 Total ESOP shares 102,000 102,000 Fair value of unallocated shares $ 1,485 $ 1,555 |
Fair Value Measurements (Tables
Fair Value Measurements (Tables) | 3 Months Ended |
Sep. 30, 2015 | |
Fair Value Disclosures [Abstract] | |
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis | The following tables show the Company's assets and liabilities at the dates indicated measured at fair value on a recurring basis: September 30, 2015 Level 1 Level 2 Level 3 Total (In thousands) Municipal bonds $ — $ 432 $ — $ 432 Mortgage-backed securities: FHLMC — 11,184 — 11,184 FNMA — 15,447 — 15,447 GNMA — 879 — 879 June 30, 2015 Level 1 Level 2 Level 3 Total (In thousands) Municipal bonds $ — $ 435 $ — $ 435 Mortgage-backed securities: FHLMC — 11,791 — 11,791 FNMA — 16,408 — 16,408 GNMA — 931 — 931 |
Schedule of Fair Value Assets and Liabilities Measured on Nonrecurring Basis | The following table presents the balances of assets measured at fair value on a nonrecurring basis at September 30, 2015: September 30, 2015 Level 1 Level 2 Level 3 Total (In thousands) Impaired loans: Mortgage loans One-to-four family $ — $ — $ 4,105 $ 4,105 Commercial — — 322 322 Construction — — 30 30 Home equity — — 230 230 Commercial business — — 51 51 Total impaired loans — — 4,738 4,738 Real estate owned: Land — — 25 25 Total real estate owned — — 25 25 Total $ — $ — $ 4,763 $ 4,763 The following table presents the balances of assets measured at fair value on a nonrecurring basis at June 30, 2015: June 30, 2015 Level 1 Level 2 Level 3 Total (In thousands) Impaired loans: Mortgage loans One-to-four family $ — $ — $ 4,172 $ 4,172 Commercial — — 408 408 Land — — 212 212 Commercial business — — 868 868 Total impaired loans — — 5,660 5,660 Real estate owned: One-to-four family $ — $ — $ 188 $ 188 Land — — 418 418 Total real estate owned — — 606 606 Total $ — $ — $ 6,266 $ 6,266 |
Schedule of Quantitative Information About Level 3 Fair Value Instruments | The following tables present quantitative information about Level 3 fair value measurements for financial instruments measured at fair value on a nonrecurring basis at September 30, 2015 and June 30, 2015: September 30, 2015 Fair Value Valuation Technique(s) Unobservable Input(s) Range (Average Discount) (Dollars in thousands) Impaired loans $ 4,738 Fair value of underlying collateral Discount applied to the obtained appraisal 0% - 100% (5%) Real estate owned $ 25 Fair value of underlying collateral Discount applied to the obtained appraisal 0% - 100% (5%) June 30, 2015 Fair Value Valuation Technique(s) Unobservable Input(s) Range (Average Discount) (Dollars in thousands) Impaired loans $ 5,660 Fair value of underlying collateral Discount applied to the obtained appraisal 0% - 100% (4%) Real estate owned $ 606 Fair value of underlying collateral Discount applied to the obtained appraisal 0% - 100% (1%) |
Schedule of Financial Instruments Carrying Amount, Fair Value and Placement in the Fair Value Hierarchy | he following tables present the carrying amount, fair value, and placement in the fair value hierarchy of the Company's financial instruments as of September 30, 2015 and June 30, 2015 : September 30, 2015 Carrying Amount Fair Value Quoted Prices in Active Markets for Identical Assets or Liabilities (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) (In thousands) Financial Instruments-Assets Cash and cash equivalents $ 19,657 $ 19,657 $ 19,657 $ — $ — Securities available-for-sale 27,942 27,942 — 27,942 — Securities held-to-maturity 7,330 7,425 — 7,425 — FHLB stock 853 853 — 853 — Loans held for sale — — — — Loans receivable 288,766 288,813 — 288,813 Bank owned life insurance investment, net of surrender charges 19,132 19,132 — 19,132 — Accrued interest receivable 925 925 — 925 — Financial Instruments-Liabilities Demand deposits, savings and money market $ 176,307 $ 176,307 $ 176,307 $ — Certificates of deposit 124,772 124,383 — 124,383 — FHLB advances 10,000 9,953 — 9,953 — Advance payments by borrowers for taxes and insurance 995 995 995 — — June 30, 2015 Carrying Amount Fair Value Quoted Prices in Active Markets for Identical Assets or Liabilities Significant Other Observable Inputs Significant Unobservable Inputs (In thousands) Financial Instruments-Assets Cash and cash equivalents $ 14,450 $ 14,450 $ 14,450 $ — $ — Securities available-for-sale 29,565 29,565 — 29,565 — Securities held-to-maturity 7,617 7,692 — 7,692 — FHLB stock 853 853 — 853 — Loans held for sale 505 505 — — — Loans receivable 287,165 288,424 — — 288,424 Bank owned life insurance investment, net of surrender charges 19,001 19,001 — 19,001 — Accrued interest receivable 1,069 1,069 — 1,069 — Financial Instruments-Liabilities Demand deposits, savings and money market $ 173,482 $ 173,482 $ 173,482 $ — $ — Certificates of deposit 126,330 125,942 — 125,942 — FHLB advances 10,000 9,882 — 9,882 — Advance payments by borrowers for taxes and insurance 1,002 1,002 1,002 — — |
Nature of Business (Details)
Nature of Business (Details) | 3 Months Ended |
Sep. 30, 2015Office | |
Nature of Business [Abstract] | |
Number of full-service bank offices | 11 |
Number of bank offices in Wal-Mart store locations | 1 |
Earnings Per Share_ Schedule 32
Earnings Per Share: Schedule of Earnings Per Share, Basic and Diluted (Details) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | |
Sep. 30, 2015 | Sep. 30, 2014 | |
Earnings Per Share [Abstract] | ||
Net income | $ 345 | $ 113 |
Weighted average common shares outstanding | 2,472,368 | 2,474,841 |
Basic earnings per share | $ 0.14 | $ 0.05 |
Diluted earnings per share | $ 0.14 | $ 0.05 |
Investments_ Schedule of Invest
Investments: Schedule of Investment Securities by Amortized Cost and Estimated Fair Market Value (Details) $ in Thousands | 3 Months Ended | 12 Months Ended |
Sep. 30, 2015USD ($)Security | Jun. 30, 2015USD ($) | |
Investment Holdings [Line Items] | ||
Held-to-maturity Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value | $ 0 | $ 0 |
Held-to-maturity Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Loss | 0 | 0 |
Held-to-maturity Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value | 5,173 | 5,278 |
Held-to-maturity Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Loss | (100) | (144) |
Held-to-maturity Securities, Continuous Unrealized Loss Position, Fair Value | 5,173 | 5,278 |
Held-to-maturity Securities, Continuous Unrealized Loss Position, Aggregate Loss | $ (100) | (144) |
Number of Securities in Unrealized Loss Position | Security | 30 | |
Federal Home Loan Mortgage Corporation Certificates and Obligations (FHLMC) [Member] | ||
Investment Holdings [Line Items] | ||
Held-to-maturity Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value | $ 0 | 0 |
Held-to-maturity Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Loss | 0 | 0 |
Held-to-maturity Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value | 2,216 | 2,299 |
Held-to-maturity Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Loss | (37) | (56) |
Held-to-maturity Securities, Continuous Unrealized Loss Position, Fair Value | 2,216 | 2,299 |
Held-to-maturity Securities, Continuous Unrealized Loss Position, Aggregate Loss | (37) | (56) |
Federal National Mortgage Association Certificates and Obligations (FNMA) [Member] | ||
Investment Holdings [Line Items] | ||
Held-to-maturity Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value | 0 | 0 |
Held-to-maturity Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Loss | 0 | 0 |
Held-to-maturity Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value | 746 | 772 |
Held-to-maturity Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Loss | (14) | (22) |
Held-to-maturity Securities, Continuous Unrealized Loss Position, Fair Value | 746 | 772 |
Held-to-maturity Securities, Continuous Unrealized Loss Position, Aggregate Loss | (14) | (22) |
Government National Mortgage Association Certificates and Obligations (GNMA) [Member] | ||
Investment Holdings [Line Items] | ||
Held-to-maturity Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value | 0 | 0 |
Held-to-maturity Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Loss | 0 | 0 |
Held-to-maturity Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value | 2,211 | 2,207 |
Held-to-maturity Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Loss | (49) | (66) |
Held-to-maturity Securities, Continuous Unrealized Loss Position, Fair Value | 2,211 | 2,207 |
Held-to-maturity Securities, Continuous Unrealized Loss Position, Aggregate Loss | (49) | (66) |
Securities available-for-sale | Municipal Bonds | ||
Investment Holdings [Line Items] | ||
Investment Securities Amortized Cost | 432 | 434 |
Investment Securities Gross Unrealized Gains | 0 | 1 |
Investment Securities Gross Unrealized Losses | 0 | 0 |
Investment Securities Fair Value | 432 | 435 |
Securities available-for-sale | Federal Home Loan Mortgage Corporation Certificates and Obligations (FHLMC) [Member] | ||
Investment Holdings [Line Items] | ||
Investment Securities Amortized Cost | 11,112 | 11,780 |
Investment Securities Gross Unrealized Gains | 158 | 134 |
Investment Securities Gross Unrealized Losses | (86) | (123) |
Securities available-for-sale | Federal National Mortgage Association Certificates and Obligations (FNMA) [Member] | ||
Investment Holdings [Line Items] | ||
Investment Securities Amortized Cost | 15,544 | 16,534 |
Investment Securities Gross Unrealized Gains | 60 | 70 |
Investment Securities Gross Unrealized Losses | (157) | (196) |
Securities available-for-sale | Government National Mortgage Association Certificates and Obligations (GNMA) [Member] | ||
Investment Holdings [Line Items] | ||
Investment Securities Amortized Cost | 891 | 948 |
Investment Securities Gross Unrealized Gains | 0 | 0 |
Investment Securities Gross Unrealized Losses | (12) | (17) |
Securities available-for-sale | Total available-for-sale | ||
Investment Holdings [Line Items] | ||
Investment Securities Amortized Cost | 27,979 | 29,696 |
Investment Securities Gross Unrealized Gains | 218 | 205 |
Investment Securities Gross Unrealized Losses | (255) | (336) |
Investment Securities Fair Value | 27,942 | 29,565 |
Securities held-to-maturity | Municipal Bonds | ||
Investment Holdings [Line Items] | ||
Investment Securities Amortized Cost | 117 | 119 |
Investment Securities Gross Unrealized Gains | 0 | 0 |
Investment Securities Gross Unrealized Losses | 0 | 0 |
Investment Securities Fair Value | 117 | 119 |
Securities held-to-maturity | Federal Home Loan Mortgage Corporation Certificates and Obligations (FHLMC) [Member] | ||
Investment Holdings [Line Items] | ||
Investment Securities Amortized Cost | 3,205 | 3,367 |
Investment Securities Gross Unrealized Gains | 81 | 95 |
Investment Securities Gross Unrealized Losses | (37) | (56) |
Investment Securities Fair Value | 3,249 | 3,406 |
Securities held-to-maturity | Federal National Mortgage Association Certificates and Obligations (FNMA) [Member] | ||
Investment Holdings [Line Items] | ||
Investment Securities Amortized Cost | 1,748 | 1,858 |
Investment Securities Gross Unrealized Gains | 114 | 124 |
Investment Securities Gross Unrealized Losses | (14) | (22) |
Investment Securities Fair Value | 1,848 | 1,960 |
Securities held-to-maturity | Government National Mortgage Association Certificates and Obligations (GNMA) [Member] | ||
Investment Holdings [Line Items] | ||
Investment Securities Amortized Cost | 2,260 | 2,273 |
Investment Securities Gross Unrealized Gains | 0 | 0 |
Investment Securities Gross Unrealized Losses | (49) | (66) |
Investment Securities Fair Value | 2,211 | 2,207 |
Securities held-to-maturity | Total held-to-maturity | ||
Investment Holdings [Line Items] | ||
Investment Securities Amortized Cost | 7,330 | 7,617 |
Investment Securities Gross Unrealized Gains | 195 | 219 |
Investment Securities Gross Unrealized Losses | (100) | (144) |
Investment Securities Fair Value | $ 7,425 | $ 7,692 |
Investments_ Schedule of Tempor
Investments: Schedule of Temporary Impairment Losses, Investments (Details) $ in Thousands | Sep. 30, 2015USD ($)Security | Jun. 30, 2015USD ($) |
Investment Holdings [Line Items] | ||
Number of Securities in Unrealized Loss Position | Security | 30 | |
Investments available for sale | ||
Investment Holdings [Line Items] | ||
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value | $ 4,028 | $ 3,852 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Losses | (28) | (46) |
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value | 12,427 | 13,233 |
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Losses | (227) | (290) |
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value | 16,455 | 17,085 |
Available for Sale Securities Continuous Unrealized Loss Position Losses | (255) | (336) |
Investments available for sale | Federal Home Loan Mortgage Corporation Certificates and Obligations (FHLMC) [Member] | ||
Investment Holdings [Line Items] | ||
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value | 380 | 747 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Losses | (1) | (1) |
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value | 5,111 | 5,404 |
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Losses | (85) | (122) |
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value | 5,491 | 6,151 |
Available for Sale Securities Continuous Unrealized Loss Position Losses | (86) | (123) |
Investments available for sale | Federal National Mortgage Association Certificates and Obligations (FNMA) [Member] | ||
Investment Holdings [Line Items] | ||
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value | 3,648 | 3,105 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Losses | (27) | (45) |
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value | 6,437 | 6,898 |
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Losses | (130) | (151) |
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value | 10,085 | 10,003 |
Available for Sale Securities Continuous Unrealized Loss Position Losses | (157) | (196) |
Investments available for sale | Government National Mortgage Association Certificates and Obligations (GNMA) [Member] | ||
Investment Holdings [Line Items] | ||
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value | 0 | 0 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Losses | 0 | 0 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value | 879 | 931 |
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Losses | (12) | (17) |
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value | 879 | 931 |
Available for Sale Securities Continuous Unrealized Loss Position Losses | $ (12) | $ (17) |
Investments_ Schedule of Contra
Investments: Schedule of Contractual Maturities of Securities (Details) $ in Thousands | Sep. 30, 2015USD ($) |
Total available-for-sale securities contractual maturity | |
Investment Holdings [Line Items] | |
Investment Securities Contractual Maturity Amortized Cost | $ 27,979 |
Investment Securities Contractual Maturity Fair Value | 27,942 |
Total held-to-maturity securities contractual maturity | |
Investment Holdings [Line Items] | |
Investment Securities Contractual Maturity Amortized Cost | 7,330 |
Investment Securities Contractual Maturity Fair Value | 7,425 |
Securities available-for-sale | Federal Home Loan Mortgage Corporation Certificates and Obligations (FHLMC) [Member] | |
Investment Holdings [Line Items] | |
Investment Securities Contractual Maturity Amortized Cost | 11,112 |
Investment Securities Contractual Maturity Fair Value | 11,184 |
Securities available-for-sale | Federal National Mortgage Association Certificates and Obligations (FNMA) [Member] | |
Investment Holdings [Line Items] | |
Investment Securities Contractual Maturity Amortized Cost | 15,544 |
Investment Securities Contractual Maturity Fair Value | 15,447 |
Securities available-for-sale | Government National Mortgage Association Certificates and Obligations (GNMA) [Member] | |
Investment Holdings [Line Items] | |
Investment Securities Contractual Maturity Amortized Cost | 891 |
Investment Securities Contractual Maturity Fair Value | 879 |
Securities available-for-sale | Due within one year | |
Investment Holdings [Line Items] | |
Investment Securities Contractual Maturity Amortized Cost | 250 |
Investment Securities Contractual Maturity Fair Value | 250 |
Securities available-for-sale | Due after ten years | |
Investment Holdings [Line Items] | |
Investment Securities Contractual Maturity Amortized Cost | 182 |
Investment Securities Contractual Maturity Fair Value | 182 |
Securities held-to-maturity | Federal Home Loan Mortgage Corporation Certificates and Obligations (FHLMC) [Member] | |
Investment Holdings [Line Items] | |
Investment Securities Contractual Maturity Amortized Cost | 3,205 |
Investment Securities Contractual Maturity Fair Value | 3,249 |
Securities held-to-maturity | Federal National Mortgage Association Certificates and Obligations (FNMA) [Member] | |
Investment Holdings [Line Items] | |
Investment Securities Contractual Maturity Amortized Cost | 1,748 |
Investment Securities Contractual Maturity Fair Value | 1,848 |
Securities held-to-maturity | Government National Mortgage Association Certificates and Obligations (GNMA) [Member] | |
Investment Holdings [Line Items] | |
Investment Securities Contractual Maturity Amortized Cost | 2,260 |
Investment Securities Contractual Maturity Fair Value | 2,211 |
Securities held-to-maturity | Due after five years to ten years | |
Investment Holdings [Line Items] | |
Investment Securities Contractual Maturity Amortized Cost | 117 |
Investment Securities Contractual Maturity Fair Value | $ 117 |
Investments_ Schedule of Sales
Investments: Schedule of Sales of Securities and Maturities (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Sep. 30, 2015 | Sep. 30, 2014 | |
Investments [Abstract] | ||
Proceeds from Sale of Available-for-sale Securities | $ 0 | $ 702 |
Proceeds from Maturities, Prepayments and Calls of Available-for-sale Securities | 0 | 0 |
Available-for-sale Securities, Gross Realized Gains | 0 | 47 |
Available-for-sale Securities, Gross Realized Losses | $ 0 | $ 0 |
Investments_ Securities Pledged
Investments: Securities Pledged as Collateral Policy (Details) - USD ($) $ in Thousands | Sep. 30, 2015 | Jun. 30, 2015 |
Pledged to secure public deposits | ||
Investment Holdings [Line Items] | ||
Investment Securities Pledged as Collateral Book Value | $ 11,870 | $ 12,184 |
Investment Securities Pledged as Collateral Fair Value | 11,942 | 12,189 |
Pledged to secure FHLB borrowings | ||
Investment Holdings [Line Items] | ||
Investment Securities Pledged as Collateral Book Value | 1,576 | 1,727 |
Investment Securities Pledged as Collateral Fair Value | 1,632 | 1,788 |
Pledged To Secure Federal Reserve Borrowings [Member] | ||
Investment Holdings [Line Items] | ||
Investment Securities Pledged as Collateral Book Value | 995 | 1,001 |
Investment Securities Pledged as Collateral Fair Value | $ 987 | $ 990 |
Loans Receivable, Net_ Schedule
Loans Receivable, Net: Schedule of Accounts, Notes, Loans and Financing Receivable (Details) - USD ($) $ in Thousands | Sep. 30, 2015 | Jun. 30, 2015 |
Loans Receivable, Net [Abstract] | ||
Loans receivable one- to four-family real estate | $ 64,307 | $ 57,944 |
Loans receivable multi-family real estate | 35,535 | 43,249 |
Loans Receivable, Gross, Commercial, Real Estate | 133,422 | 128,306 |
Loans receivable construction | 11,392 | 11,731 |
Loans receivable land | 3,610 | 4,069 |
Loans receivable total real estate | 248,266 | 245,299 |
Loans and Leases Receivable, Gross, Consumer, Home Equity | 17,116 | 17,604 |
Loans and Leases Receivable, Gross, Consumer, Revolving, Credit Card | 3,143 | 3,289 |
Loans receivable consumer automobile | 636 | 686 |
Loans and Leases Receivable, Gross, Consumer, Other | 2,228 | 2,347 |
Loans receivable total consumer loans | 23,123 | 23,926 |
Loans receivable commercial business | 18,569 | 18,987 |
Loans receivable total loans gross | 289,958 | 288,212 |
Deferred loan fees and unamortized discount on purchased loans | 1,192 | 1,047 |
Financing Receivable, Allowance for Credit Losses | 3,687 | 3,721 |
Loans and Leases Receivable, Net Amount | $ 285,079 | $ 283,444 |
Loans Receivable, Net_ Schedu39
Loans Receivable, Net: Schedule of Activity in Allowance for Loan Losses by Portfolio Segment (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Sep. 30, 2015 | Sep. 30, 2014 | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Allowance for loan losses beginning balance | $ 3,721 | $ 4,624 |
Provision for Doubtful Accounts | (20) | 0 |
Allowance for Doubtful Accounts Receivable, Charge-offs | (221) | (763) |
Allowance for Doubtful Accounts Receivable, Recoveries | 167 | 133 |
Allowance for loan losses ending balance | 3,687 | 3,994 |
Commercial business [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Allowance for loan losses beginning balance | 1,405 | 1,231 |
Provision for Doubtful Accounts | (43) | (8) |
Allowance for Doubtful Accounts Receivable, Charge-offs | (44) | (86) |
Allowance for Doubtful Accounts Receivable, Recoveries | 1 | 73 |
Allowance for loan losses ending balance | 1,319 | 1,226 |
Multi-family [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Allowance for loan losses beginning balance | 95 | 229 |
Provision for Doubtful Accounts | (11) | (13) |
Allowance for Doubtful Accounts Receivable, Charge-offs | 0 | (159) |
Allowance for Doubtful Accounts Receivable, Recoveries | 0 | 0 |
Allowance for loan losses ending balance | 106 | 83 |
One-to-four family [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Allowance for loan losses beginning balance | 1,113 | 1,550 |
Provision for Doubtful Accounts | (131) | (186) |
Allowance for Doubtful Accounts Receivable, Charge-offs | (146) | (94) |
Allowance for Doubtful Accounts Receivable, Recoveries | 126 | 11 |
Allowance for loan losses ending balance | 962 | 1,281 |
Commercial real estate | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Allowance for loan losses beginning balance | 262 | 682 |
Provision for Doubtful Accounts | (417) | (37) |
Allowance for Doubtful Accounts Receivable, Charge-offs | 0 | (340) |
Allowance for Doubtful Accounts Receivable, Recoveries | 1 | 0 |
Allowance for loan losses ending balance | 680 | 379 |
Construction [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Allowance for loan losses beginning balance | 247 | 190 |
Provision for Doubtful Accounts | (140) | (98) |
Allowance for Doubtful Accounts Receivable, Charge-offs | 0 | 0 |
Allowance for Doubtful Accounts Receivable, Recoveries | 8 | 12 |
Allowance for loan losses ending balance | 115 | 300 |
Land | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Allowance for loan losses beginning balance | 75 | 74 |
Provision for Doubtful Accounts | (36) | (1) |
Allowance for Doubtful Accounts Receivable, Charge-offs | 0 | 0 |
Allowance for Doubtful Accounts Receivable, Recoveries | 0 | 0 |
Allowance for loan losses ending balance | 39 | 75 |
Consumer [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Allowance for loan losses beginning balance | 445 | 587 |
Provision for Doubtful Accounts | (21) | (28) |
Allowance for Doubtful Accounts Receivable, Charge-offs | (31) | (84) |
Allowance for Doubtful Accounts Receivable, Recoveries | 31 | 37 |
Allowance for loan losses ending balance | 466 | 568 |
Unallocated Financing Receivables [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Allowance for loan losses beginning balance | 79 | 81 |
Provision for Doubtful Accounts | (79) | (1) |
Allowance for Doubtful Accounts Receivable, Charge-offs | 0 | 0 |
Allowance for Doubtful Accounts Receivable, Recoveries | 0 | 0 |
Allowance for loan losses ending balance | $ 0 | $ 82 |
Loans Receivable, Net_ Schedu40
Loans Receivable, Net: Schedule of Loans Individually Evaluated for Impairment (Details) - USD ($) $ in Thousands | Sep. 30, 2015 | Jun. 30, 2015 |
With No Allowance Recorded | Commercial business [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Impaired Financing Receivable, Recorded Investment | $ 198 | $ 64 |
Impaired Financing Receivable, Unpaid Principal Balance | 307 | 126 |
Impaired Financing Receivable, Related Allowance | 0 | 0 |
With No Allowance Recorded | One-to-four family [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Impaired Financing Receivable, Recorded Investment | 1,834 | 1,557 |
Impaired Financing Receivable, Unpaid Principal Balance | 2,291 | 1,860 |
Impaired Financing Receivable, Related Allowance | 0 | 0 |
With No Allowance Recorded | Land | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Impaired Financing Receivable, Recorded Investment | 179 | 231 |
Impaired Financing Receivable, Unpaid Principal Balance | 192 | 245 |
Impaired Financing Receivable, Related Allowance | 0 | 0 |
With No Allowance Recorded | Home equity | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Impaired Financing Receivable, Recorded Investment | 63 | 64 |
Impaired Financing Receivable, Unpaid Principal Balance | 65 | 65 |
Impaired Financing Receivable, Related Allowance | 0 | 0 |
With No Allowance Recorded | Consumer [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Impaired Financing Receivable, Recorded Investment | 31 | |
Impaired Financing Receivable, Unpaid Principal Balance | 32 | |
Impaired Financing Receivable, Related Allowance | 0 | |
With An Allowance Recorded | Commercial business [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Impaired Financing Receivable, Recorded Investment | 769 | 868 |
Impaired Financing Receivable, Unpaid Principal Balance | 778 | 868 |
Impaired Financing Receivable, Related Allowance | 195 | 211 |
With An Allowance Recorded | One-to-four family [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Impaired Financing Receivable, Recorded Investment | 7,679 | 7,716 |
Impaired Financing Receivable, Unpaid Principal Balance | 7,710 | 7,743 |
Impaired Financing Receivable, Related Allowance | 500 | 500 |
With An Allowance Recorded | Land | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Impaired Financing Receivable, Recorded Investment | 322 | 408 |
Impaired Financing Receivable, Unpaid Principal Balance | 322 | 408 |
Impaired Financing Receivable, Related Allowance | 2 | 3 |
With An Allowance Recorded | Home equity | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Impaired Financing Receivable, Recorded Investment | 230 | 212 |
Impaired Financing Receivable, Unpaid Principal Balance | 230 | 212 |
Impaired Financing Receivable, Related Allowance | 28 | 26 |
With An Allowance Recorded | Consumer [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Impaired Financing Receivable, Recorded Investment | 30 | |
Impaired Financing Receivable, Unpaid Principal Balance | 33 | |
Impaired Financing Receivable, Related Allowance | 9 | |
Total With And Without An Allowance Recorded | Commercial business [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Impaired Financing Receivable, Recorded Investment | 967 | 932 |
Impaired Financing Receivable, Unpaid Principal Balance | 1,085 | 994 |
Impaired Financing Receivable, Related Allowance | 195 | 211 |
Total With And Without An Allowance Recorded | One-to-four family [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Impaired Financing Receivable, Recorded Investment | 9,513 | 9,273 |
Impaired Financing Receivable, Unpaid Principal Balance | 10,001 | 9,603 |
Impaired Financing Receivable, Related Allowance | 500 | 500 |
Total With And Without An Allowance Recorded | Land | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Impaired Financing Receivable, Recorded Investment | 501 | 639 |
Impaired Financing Receivable, Unpaid Principal Balance | 514 | 653 |
Impaired Financing Receivable, Related Allowance | 2 | 3 |
Total With And Without An Allowance Recorded | Home equity | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Impaired Financing Receivable, Recorded Investment | 293 | 276 |
Impaired Financing Receivable, Unpaid Principal Balance | 295 | 277 |
Impaired Financing Receivable, Related Allowance | 28 | 26 |
Total With And Without An Allowance Recorded | Consumer [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Impaired Financing Receivable, Recorded Investment | 30 | 31 |
Impaired Financing Receivable, Unpaid Principal Balance | 33 | 32 |
Impaired Financing Receivable, Related Allowance | 9 | 0 |
Total With And Without An Allowance Recorded | Total Impaired Loans | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Impaired Financing Receivable, Recorded Investment | 11,304 | 11,151 |
Impaired Financing Receivable, Unpaid Principal Balance | 11,928 | 11,559 |
Impaired Financing Receivable, Related Allowance | $ 734 | $ 740 |
Loans Receivable, Net_ Schedu41
Loans Receivable, Net: Schedule of Loans Evaluated for Impairment Average Recorded Investment and Interest Income Recognized (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Sep. 30, 2015 | Sep. 30, 2014 | |
One-to-four family [Member] | With No Allowance Recorded | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Impaired Financing Receivable, Average Recorded Investment | $ 2,076 | $ 2,630 |
Impaired Financing Receivable Interest Income Recognized | 4 | 6 |
One-to-four family [Member] | With An Allowance Recorded | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Impaired Financing Receivable, Average Recorded Investment | 7,727 | 8,199 |
Impaired Financing Receivable Interest Income Recognized | 27 | 28 |
One-to-four family [Member] | Total With And Without An Allowance Recorded | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Impaired Financing Receivable, Average Recorded Investment | 9,803 | 10,829 |
Impaired Financing Receivable Interest Income Recognized | 31 | 34 |
Multi-family [Member] | With An Allowance Recorded | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Impaired Financing Receivable, Average Recorded Investment | 0 | 79 |
Impaired Financing Receivable Interest Income Recognized | 0 | 0 |
Multi-family [Member] | Total With And Without An Allowance Recorded | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Impaired Financing Receivable, Average Recorded Investment | 0 | 79 |
Impaired Financing Receivable Interest Income Recognized | 0 | 0 |
Commercial real estate | With No Allowance Recorded | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Impaired Financing Receivable, Average Recorded Investment | 0 | 110 |
Impaired Financing Receivable Interest Income Recognized | 0 | 0 |
Commercial real estate | With An Allowance Recorded | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Impaired Financing Receivable, Average Recorded Investment | 0 | 925 |
Impaired Financing Receivable Interest Income Recognized | 0 | 0 |
Commercial real estate | Total With And Without An Allowance Recorded | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Impaired Financing Receivable, Average Recorded Investment | 0 | 1,035 |
Impaired Financing Receivable Interest Income Recognized | 0 | 0 |
Land | With No Allowance Recorded | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Impaired Financing Receivable, Average Recorded Investment | 219 | 321 |
Impaired Financing Receivable Interest Income Recognized | 1 | 1 |
Land | With An Allowance Recorded | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Impaired Financing Receivable, Average Recorded Investment | 365 | 463 |
Impaired Financing Receivable Interest Income Recognized | 7 | 2 |
Land | Total With And Without An Allowance Recorded | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Impaired Financing Receivable, Average Recorded Investment | 584 | 784 |
Impaired Financing Receivable Interest Income Recognized | 8 | 3 |
Home equity | With No Allowance Recorded | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Impaired Financing Receivable, Average Recorded Investment | 65 | 107 |
Impaired Financing Receivable Interest Income Recognized | 0 | 0 |
Home equity | With An Allowance Recorded | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Impaired Financing Receivable, Average Recorded Investment | 221 | 260 |
Impaired Financing Receivable Interest Income Recognized | 1 | 1 |
Home equity | Total With And Without An Allowance Recorded | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Impaired Financing Receivable, Average Recorded Investment | 286 | 367 |
Impaired Financing Receivable Interest Income Recognized | 1 | 1 |
Commercial business [Member] | With No Allowance Recorded | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Impaired Financing Receivable, Average Recorded Investment | 217 | 95 |
Impaired Financing Receivable Interest Income Recognized | 1 | 1 |
Commercial business [Member] | With An Allowance Recorded | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Impaired Financing Receivable, Average Recorded Investment | 823 | 275 |
Impaired Financing Receivable Interest Income Recognized | 0 | 1 |
Commercial business [Member] | Total With And Without An Allowance Recorded | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Impaired Financing Receivable, Average Recorded Investment | 1,040 | 370 |
Impaired Financing Receivable Interest Income Recognized | 1 | 2 |
Total Impaired Loans [Member] | Total With And Without An Allowance Recorded | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Impaired Financing Receivable, Average Recorded Investment | 11,713 | 13,464 |
Impaired Financing Receivable Interest Income Recognized | $ 41 | $ 40 |
Loans Receivable, Net_ Schedu42
Loans Receivable, Net: Schedule of Balance in Allowance for Loan Losses (Details) - USD ($) $ in Thousands | Sep. 30, 2015 | Jun. 30, 2015 |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Gross, Consumer, Other | $ 2,228 | $ 2,347 |
Loans receivable one- to four-family real estate | 64,307 | 57,944 |
Loans receivable multi-family real estate | 35,535 | 43,249 |
Loans Receivable, Gross, Commercial, Real Estate | 133,422 | 128,306 |
Loans receivable construction | 11,392 | 11,731 |
Loans receivable land | 3,610 | 4,069 |
Loans receivable commercial business | 18,569 | 18,987 |
Loans and Leases Receivable, Gross, Consumer, Home Equity | 17,116 | 17,604 |
Ending balance | Loans Receivable | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans receivable one- to four-family real estate | 64,307 | 57,944 |
Loans receivable multi-family real estate | 35,535 | 43,249 |
Loans Receivable, Gross, Commercial, Real Estate | 133,422 | 128,306 |
Loans receivable construction | 11,392 | 11,731 |
Loans receivable land | 3,610 | 4,069 |
Loans and Leases Receivable, Gross, Consumer | 23,123 | 23,926 |
Loans receivable commercial business | 18,569 | 18,987 |
Loans Receivable, Unallocated | 0 | 0 |
Loans Receivable Total Balance in Allowance for Loan Losses | 289,958 | 288,212 |
Ending balance | Allowance for loan losses | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans receivable one- to four-family real estate | 962 | 1,113 |
Loans receivable multi-family real estate | 106 | 95 |
Loans Receivable, Gross, Commercial, Real Estate | 680 | 262 |
Loans receivable construction | 115 | 247 |
Loans receivable land | 39 | 75 |
Loans and Leases Receivable, Gross, Consumer | 466 | 445 |
Loans receivable commercial business | 1,319 | 1,405 |
Loans Receivable, Unallocated | 0 | 79 |
Loans Receivable Total Balance in Allowance for Loan Losses | 3,687 | 3,721 |
Ending balance individually evaluated for impairment | Loans Receivable | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans receivable one- to four-family real estate | 9,513 | 9,273 |
Loans receivable multi-family real estate | 0 | 0 |
Loans Receivable, Gross, Commercial, Real Estate | 0 | 0 |
Loans receivable construction | 0 | 0 |
Loans receivable land | 501 | 639 |
Loans and Leases Receivable, Gross, Consumer | 323 | 307 |
Loans receivable commercial business | 967 | 932 |
Loans Receivable, Unallocated | 0 | 0 |
Loans Receivable Total Balance in Allowance for Loan Losses | 11,304 | 11,151 |
Ending balance individually evaluated for impairment | Allowance for loan losses | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans receivable one- to four-family real estate | 500 | 500 |
Loans receivable multi-family real estate | 0 | 0 |
Loans Receivable, Gross, Commercial, Real Estate | 0 | 0 |
Loans receivable construction | 0 | 0 |
Loans receivable land | 2 | 3 |
Loans and Leases Receivable, Gross, Consumer | 37 | 26 |
Loans receivable commercial business | 195 | 211 |
Loans Receivable, Unallocated | 0 | 0 |
Loans Receivable Total Balance in Allowance for Loan Losses | 734 | 740 |
Ending balance collectively evaluated for impairment | Loans Receivable | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans receivable one- to four-family real estate | 54,794 | 48,671 |
Loans receivable multi-family real estate | 35,535 | 43,249 |
Loans Receivable, Gross, Commercial, Real Estate | 133,422 | 128,306 |
Loans receivable construction | 11,392 | 11,731 |
Loans receivable land | 3,109 | 3,430 |
Loans and Leases Receivable, Gross, Consumer | 22,800 | 23,619 |
Loans receivable commercial business | 17,602 | 18,055 |
Loans Receivable, Unallocated | 0 | 0 |
Loans Receivable Total Balance in Allowance for Loan Losses | 278,654 | 277,061 |
Ending balance collectively evaluated for impairment | Allowance for loan losses | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans receivable one- to four-family real estate | 462 | 613 |
Loans receivable multi-family real estate | 106 | 95 |
Loans Receivable, Gross, Commercial, Real Estate | 680 | 262 |
Loans receivable construction | 115 | 247 |
Loans receivable land | 37 | 72 |
Loans and Leases Receivable, Gross, Consumer | 429 | 419 |
Loans receivable commercial business | 1,124 | 1,194 |
Loans Receivable, Unallocated | 0 | 79 |
Loans Receivable Total Balance in Allowance for Loan Losses | 2,953 | 2,981 |
Special Mention [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans and Leases Receivable, Gross, Consumer, Other | 29 | 0 |
Loans receivable one- to four-family real estate | 2,346 | 4,755 |
Loans receivable multi-family real estate | 0 | 0 |
Loans Receivable, Gross, Commercial, Real Estate | 1,215 | 676 |
Loans receivable construction | 0 | 0 |
Loans receivable land | 179 | 231 |
Loans receivable commercial business | 63 | 159 |
Loans and Leases Receivable, Gross, Consumer, Home Equity | $ 316 | $ 301 |
Loans Receivable, Net_ Schedu43
Loans Receivable, Net: Schedule of Financing Receivables, Non Accrual Status (Details) - USD ($) $ in Thousands | Sep. 30, 2015 | Jun. 30, 2015 |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans receivable one- to four-family real estate | $ 64,307 | $ 57,944 |
Loans receivable multi-family real estate | 35,535 | 43,249 |
Loans Receivable, Gross, Commercial, Real Estate | 133,422 | 128,306 |
Loans receivable land | 3,610 | 4,069 |
Loans and Leases Receivable, Gross, Consumer, Home Equity | 17,116 | 17,604 |
Loans and Leases Receivable, Gross, Consumer, Revolving, Credit Card | 3,143 | 3,289 |
Loans and Leases Receivable, Gross, Consumer, Other | 2,228 | 2,347 |
Loans receivable commercial business | 18,569 | 18,987 |
Loans receivable total loans gross | 289,958 | 288,212 |
Non-accrual status | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans receivable one- to four-family real estate | 1,388 | 1,263 |
Loans and Leases Receivable, Gross, Consumer, Revolving, Credit Card | 5 | 6 |
Loans and Leases Receivable, Gross, Consumer, Other | 30 | 31 |
Loans receivable commercial business | 873 | 711 |
Loans receivable total loans gross | $ 2,296 | $ 2,011 |
Loans Receivable, Net_ Schedu44
Loans Receivable, Net: Schedule of Past Due Loans by Class (Details) - USD ($) $ in Thousands | Sep. 30, 2015 | Jun. 30, 2015 |
Commercial business [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing Receivable, Recorded Investment, Past Due | $ 937 | $ 1,048 |
Financing Receivable, Recorded Investment, Current | 17,632 | 17,939 |
Financing Receivables Total | 18,569 | 18,987 |
Commercial business [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing Receivable, Recorded Investment, Past Due | 64 | 64 |
Commercial business [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing Receivable, Recorded Investment, Past Due | 0 | 273 |
Commercial business [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing Receivable, Recorded Investment, Past Due | 873 | 711 |
One-to-four family [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing Receivable, Recorded Investment, Past Due | 3,098 | 2,431 |
Financing Receivable, Recorded Investment, Current | 61,209 | 55,513 |
Financing Receivables Total | 64,307 | 57,944 |
One-to-four family [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing Receivable, Recorded Investment, Past Due | 1,376 | 616 |
One-to-four family [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing Receivable, Recorded Investment, Past Due | 334 | 552 |
One-to-four family [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing Receivable, Recorded Investment, Past Due | 1,388 | 1,263 |
Commercial real estate | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing Receivable, Recorded Investment, Past Due | 0 | 0 |
Financing Receivable, Recorded Investment, Current | 133,422 | 128,306 |
Financing Receivables Total | 133,422 | 128,306 |
Commercial real estate | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing Receivable, Recorded Investment, Past Due | 0 | 0 |
Commercial real estate | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing Receivable, Recorded Investment, Past Due | 0 | 0 |
Commercial real estate | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing Receivable, Recorded Investment, Past Due | 0 | 0 |
Construction [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing Receivable, Recorded Investment, Past Due | 0 | 0 |
Financing Receivable, Recorded Investment, Current | 11,392 | 11,731 |
Financing Receivables Total | 11,392 | 11,731 |
Construction [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing Receivable, Recorded Investment, Past Due | 0 | 0 |
Construction [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing Receivable, Recorded Investment, Past Due | 0 | 0 |
Construction [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing Receivable, Recorded Investment, Past Due | 0 | 0 |
Land | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing Receivable, Recorded Investment, Past Due | 37 | 0 |
Financing Receivable, Recorded Investment, Current | 3,573 | 4,069 |
Financing Receivables Total | 3,610 | 4,069 |
Land | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing Receivable, Recorded Investment, Past Due | 37 | 0 |
Land | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing Receivable, Recorded Investment, Past Due | 0 | 0 |
Land | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing Receivable, Recorded Investment, Past Due | 0 | 0 |
Home equity | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing Receivable, Recorded Investment, Past Due | 106 | 31 |
Financing Receivable, Recorded Investment, Current | 17,010 | 17,573 |
Financing Receivables Total | 17,116 | 17,604 |
Home equity | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing Receivable, Recorded Investment, Past Due | 90 | 15 |
Home equity | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing Receivable, Recorded Investment, Past Due | 16 | 16 |
Home equity | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing Receivable, Recorded Investment, Past Due | 0 | 0 |
Consumer credit cards | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing Receivable, Recorded Investment, Past Due | 75 | 40 |
Financing Receivable, Recorded Investment, Current | 3,068 | 3,249 |
Financing Receivables Total | 3,143 | 3,289 |
Consumer credit cards | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing Receivable, Recorded Investment, Past Due | 32 | 8 |
Consumer credit cards | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing Receivable, Recorded Investment, Past Due | 38 | 26 |
Consumer credit cards | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing Receivable, Recorded Investment, Past Due | 5 | 6 |
Consumer automobile [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing Receivable, Recorded Investment, Past Due | 7 | 9 |
Financing Receivable, Recorded Investment, Current | 629 | 677 |
Financing Receivables Total | 636 | 686 |
Consumer automobile [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing Receivable, Recorded Investment, Past Due | 7 | 9 |
Consumer automobile [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing Receivable, Recorded Investment, Past Due | 0 | 0 |
Consumer automobile [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing Receivable, Recorded Investment, Past Due | 0 | 0 |
Consumer other | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing Receivable, Recorded Investment, Past Due | 74 | 47 |
Financing Receivable, Recorded Investment, Current | 2,154 | 2,300 |
Financing Receivables Total | 2,228 | 2,347 |
Consumer other | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing Receivable, Recorded Investment, Past Due | 15 | 16 |
Consumer other | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing Receivable, Recorded Investment, Past Due | 29 | 0 |
Consumer other | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing Receivable, Recorded Investment, Past Due | 30 | 31 |
Total for segments | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing Receivable, Recorded Investment, Past Due | 4,334 | 3,606 |
Financing Receivable, Recorded Investment, Current | 285,624 | 284,606 |
Financing Receivables Total | 289,958 | 288,212 |
Total for segments | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing Receivable, Recorded Investment, Past Due | 1,621 | 728 |
Total for segments | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing Receivable, Recorded Investment, Past Due | 417 | 867 |
Total for segments | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing Receivable, Recorded Investment, Past Due | 2,296 | 2,011 |
Multi-family [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing Receivable, Recorded Investment, Past Due | 0 | 0 |
Financing Receivable, Recorded Investment, Current | 35,535 | 43,249 |
Financing Receivables Total | 35,535 | 43,249 |
Multi-family [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing Receivable, Recorded Investment, Past Due | 0 | 0 |
Multi-family [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing Receivable, Recorded Investment, Past Due | 0 | 0 |
Multi-family [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Financing Receivable, Recorded Investment, Past Due | $ 0 | $ 0 |
Loans Receivable, Net_ Schedu45
Loans Receivable, Net: Schedule of Credit Quality Internal Rating System (Details) $ in Thousands | 3 Months Ended | |
Sep. 30, 2015USD ($) | Jun. 30, 2015USD ($) | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans receivable one- to four-family real estate | $ 64,307 | $ 57,944 |
Loans receivable multi-family real estate | 35,535 | 43,249 |
Loans Receivable, Gross, Commercial, Real Estate | 133,422 | 128,306 |
Loans receivable construction | 11,392 | 11,731 |
Loans receivable land | 3,610 | 4,069 |
Loans and Leases Receivable, Gross, Consumer, Home Equity | 17,116 | 17,604 |
Loans and Leases Receivable, Gross, Consumer, Revolving, Credit Card | 3,143 | 3,289 |
Loans receivable consumer automobile | 636 | 686 |
Loans and Leases Receivable, Gross, Consumer, Other | 2,228 | 2,347 |
Loans receivable commercial business | 18,569 | 18,987 |
Substandard [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans receivable one- to four-family real estate | 1,755 | 1,919 |
Loans receivable multi-family real estate | 0 | 365 |
Loans Receivable, Gross, Commercial, Real Estate | 0 | 0 |
Loans receivable construction | 0 | 0 |
Loans receivable land | 0 | 408 |
Loans and Leases Receivable, Gross, Consumer, Home Equity | 21 | 21 |
Loans and Leases Receivable, Gross, Consumer, Revolving, Credit Card | 5 | 6 |
Loans receivable consumer automobile | 0 | 0 |
Loans and Leases Receivable, Gross, Consumer, Other | 30 | 31 |
Loans receivable commercial business | 937 | 932 |
Loans Receivable Total by Internal Rating System | $ 2,748 | 3,682 |
Substandard [Member] | Minimum | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Debt Service Coverage Ratio | 1 | |
Pass [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans receivable one- to four-family real estate | $ 55,118 | 49,119 |
Loans receivable multi-family real estate | 35,079 | 42,884 |
Loans Receivable, Gross, Commercial, Real Estate | 130,179 | 125,586 |
Loans receivable construction | 11,392 | 11,731 |
Loans receivable land | 3,109 | 3,430 |
Loans and Leases Receivable, Gross, Consumer, Home Equity | 16,167 | 16,585 |
Loans and Leases Receivable, Gross, Consumer, Revolving, Credit Card | 3,069 | 3,249 |
Loans receivable consumer automobile | 569 | 615 |
Loans and Leases Receivable, Gross, Consumer, Other | 2,082 | 2,214 |
Loans receivable commercial business | 16,966 | 16,981 |
Loans Receivable Total by Internal Rating System | $ 273,730 | 272,394 |
Pass [Member] | Minimum | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Debt Service Coverage Ratio | 1 | |
Doubtful [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans receivable one- to four-family real estate | $ 0 | 0 |
Loans receivable multi-family real estate | 0 | 0 |
Loans Receivable, Gross, Commercial, Real Estate | 0 | 0 |
Loans receivable construction | 0 | 0 |
Loans receivable land | 0 | 0 |
Loans and Leases Receivable, Gross, Consumer, Home Equity | 0 | 0 |
Loans and Leases Receivable, Gross, Consumer, Revolving, Credit Card | 0 | 0 |
Loans receivable consumer automobile | 0 | 0 |
Loans and Leases Receivable, Gross, Consumer, Other | 0 | 0 |
Loans receivable commercial business | 0 | 0 |
Loans Receivable Total by Internal Rating System | 0 | 0 |
Total by indicator [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans receivable one- to four-family real estate | 64,307 | 57,944 |
Loans receivable multi-family real estate | 35,535 | 43,249 |
Loans Receivable, Gross, Commercial, Real Estate | 133,422 | 128,306 |
Loans receivable construction | 11,392 | 11,731 |
Loans receivable land | 3,610 | 4,069 |
Loans and Leases Receivable, Gross, Consumer, Home Equity | 17,116 | 17,604 |
Loans and Leases Receivable, Gross, Consumer, Revolving, Credit Card | 3,143 | 3,289 |
Loans receivable consumer automobile | 636 | 686 |
Loans and Leases Receivable, Gross, Consumer, Other | 2,228 | 2,347 |
Loans receivable commercial business | 18,569 | 18,987 |
Loans Receivable Total by Internal Rating System | 289,958 | 288,212 |
Watch [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans receivable one- to four-family real estate | 5,088 | 2,151 |
Loans receivable multi-family real estate | 456 | 0 |
Loans Receivable, Gross, Commercial, Real Estate | 2,028 | 2,044 |
Loans receivable construction | 0 | 0 |
Loans receivable land | 322 | 0 |
Loans and Leases Receivable, Gross, Consumer, Home Equity | 612 | 697 |
Loans and Leases Receivable, Gross, Consumer, Revolving, Credit Card | 69 | 34 |
Loans receivable consumer automobile | 67 | 71 |
Loans and Leases Receivable, Gross, Consumer, Other | 87 | 102 |
Loans receivable commercial business | 603 | 915 |
Loans Receivable Total by Internal Rating System | 9,332 | 6,014 |
Special Mention [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans receivable one- to four-family real estate | 2,346 | 4,755 |
Loans receivable multi-family real estate | 0 | 0 |
Loans Receivable, Gross, Commercial, Real Estate | 1,215 | 676 |
Loans receivable construction | 0 | 0 |
Loans receivable land | 179 | 231 |
Loans and Leases Receivable, Gross, Consumer, Home Equity | 316 | 301 |
Loans and Leases Receivable, Gross, Consumer, Revolving, Credit Card | 0 | 0 |
Loans receivable consumer automobile | 0 | 0 |
Loans and Leases Receivable, Gross, Consumer, Other | 29 | 0 |
Loans receivable commercial business | 63 | 159 |
Loans Receivable Total by Internal Rating System | $ 4,148 | $ 6,122 |
Loans Receivable, Net_ Schedu46
Loans Receivable, Net: Schedule of Credit Risk Profile (Details) - USD ($) $ in Thousands | Sep. 30, 2015 | Jun. 30, 2015 |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans receivable one- to four-family real estate | $ 64,307 | $ 57,944 |
Loans receivable multi-family real estate | 35,535 | 43,249 |
Loans Receivable, Gross, Commercial, Real Estate | 133,422 | 128,306 |
Loans receivable construction | 11,392 | 11,731 |
Loans receivable land | 3,610 | 4,069 |
Loans and Leases Receivable, Gross, Consumer, Home Equity | 17,116 | 17,604 |
Loans and Leases Receivable, Gross, Consumer, Revolving, Credit Card | 3,143 | 3,289 |
Loans receivable consumer automobile | 636 | 686 |
Loans and Leases Receivable, Gross, Consumer, Other | 2,228 | 2,347 |
Loans receivable commercial business | 18,569 | 18,987 |
Performing Financing Receivable | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans receivable one- to four-family real estate | 62,919 | 56,681 |
Loans receivable multi-family real estate | 35,535 | 43,249 |
Loans Receivable, Gross, Commercial, Real Estate | 133,422 | 128,306 |
Loans receivable construction | 11,392 | 11,731 |
Loans receivable land | 3,610 | 4,069 |
Loans and Leases Receivable, Gross, Consumer, Home Equity | 17,116 | 17,604 |
Loans and Leases Receivable, Gross, Consumer, Revolving, Credit Card | 3,138 | 3,283 |
Loans receivable consumer automobile | 636 | 686 |
Loans and Leases Receivable, Gross, Consumer, Other | 2,198 | 2,316 |
Loans receivable commercial business | 17,696 | 18,276 |
Loans Receivable Total by Internal Rating System | 287,662 | 286,201 |
Nonperforming Financing Receivable | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans receivable one- to four-family real estate | 1,388 | 1,263 |
Loans receivable multi-family real estate | 0 | 0 |
Loans Receivable, Gross, Commercial, Real Estate | 0 | 0 |
Loans receivable construction | 0 | 0 |
Loans receivable land | 0 | 0 |
Loans and Leases Receivable, Gross, Consumer, Home Equity | 0 | 0 |
Loans and Leases Receivable, Gross, Consumer, Revolving, Credit Card | 5 | 6 |
Loans receivable consumer automobile | 0 | 0 |
Loans and Leases Receivable, Gross, Consumer, Other | 30 | 31 |
Loans receivable commercial business | 873 | 711 |
Loans Receivable Total by Internal Rating System | 2,296 | 2,011 |
Total performing and nonperforming | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans receivable one- to four-family real estate | 64,307 | 57,944 |
Loans receivable multi-family real estate | 35,535 | 43,249 |
Loans Receivable, Gross, Commercial, Real Estate | 133,422 | 128,306 |
Loans receivable construction | 11,392 | 11,731 |
Loans receivable land | 3,610 | 4,069 |
Loans and Leases Receivable, Gross, Consumer, Home Equity | 17,116 | 17,604 |
Loans and Leases Receivable, Gross, Consumer, Revolving, Credit Card | 3,143 | 3,289 |
Loans receivable consumer automobile | 636 | 686 |
Loans and Leases Receivable, Gross, Consumer, Other | 2,228 | 2,347 |
Loans receivable commercial business | 18,569 | 18,987 |
Loans Receivable Total by Internal Rating System | $ 289,958 | $ 288,212 |
Loans Receivable, Net_ Loans an
Loans Receivable, Net: Loans and Leases Receivable, Troubled Debt Restructuring Policy (Details) - USD ($) $ in Thousands | Sep. 30, 2015 | Jun. 30, 2015 |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Troubled Debt Restructured Loans Included in Impaired Loans | $ 9,700 | $ 9,800 |
Troubled Debt Restructured Loans Included in Impaired Loans and Nonaccrual | 800 | 681 |
One-to-four family [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Troubled Debt Restructurings Accrual Status | 7,975 | 8,010 |
Troubled Debt Restructurings Nonaccrual Status | 667 | 681 |
Troubled Debt Restructurings Total Modifications | 8,642 | 8,691 |
Land | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Troubled Debt Restructurings Accrual Status | 501 | 639 |
Troubled Debt Restructurings Nonaccrual Status | 0 | 0 |
Troubled Debt Restructurings Total Modifications | 501 | 639 |
Home equity | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Troubled Debt Restructurings Accrual Status | 293 | 276 |
Troubled Debt Restructurings Nonaccrual Status | 0 | 0 |
Troubled Debt Restructurings Total Modifications | 293 | 276 |
Commercial business [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Troubled Debt Restructurings Accrual Status | 94 | 221 |
Troubled Debt Restructurings Nonaccrual Status | 156 | 0 |
Troubled Debt Restructurings Total Modifications | 250 | 221 |
Total modifications [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Troubled Debt Restructurings Accrual Status | 8,863 | 9,146 |
Troubled Debt Restructurings Nonaccrual Status | 823 | 681 |
Troubled Debt Restructurings Total Modifications | $ 9,686 | $ 9,827 |
Loans Receivable, Net_ Schedu48
Loans Receivable, Net: Schedule of Troubled Debt Restructurings by Accrual versus Nonaccrual Status (Details) - USD ($) $ in Thousands | Sep. 30, 2015 | Jun. 30, 2015 |
Commercial business [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Troubled Debt Restructurings Accrual Status | $ 94 | $ 221 |
Troubled Debt Restructurings Nonaccrual Status | 156 | 0 |
Troubled Debt Restructurings Total Modifications | 250 | 221 |
One-to-four family [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Troubled Debt Restructurings Accrual Status | 7,975 | 8,010 |
Troubled Debt Restructurings Nonaccrual Status | 667 | 681 |
Troubled Debt Restructurings Total Modifications | 8,642 | 8,691 |
Land | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Troubled Debt Restructurings Accrual Status | 501 | 639 |
Troubled Debt Restructurings Nonaccrual Status | 0 | 0 |
Troubled Debt Restructurings Total Modifications | 501 | 639 |
Home equity | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Troubled Debt Restructurings Accrual Status | 293 | 276 |
Troubled Debt Restructurings Nonaccrual Status | 0 | 0 |
Troubled Debt Restructurings Total Modifications | 293 | 276 |
Total modifications [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Troubled Debt Restructurings Accrual Status | 8,863 | 9,146 |
Troubled Debt Restructurings Nonaccrual Status | 823 | 681 |
Troubled Debt Restructurings Total Modifications | $ 9,686 | $ 9,827 |
Loans Receivable, Net_ Schedu49
Loans Receivable, Net: Schedule of Debtor Troubled Debt Restructuring, Current Period (Details) $ in Thousands | 3 Months Ended | |
Sep. 30, 2015USD ($)Contract | Sep. 30, 2014USD ($)Contract | |
One-to-four family [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Troubled Debt Restructuring Number of Contracts | Contract | 0 | 1 |
Financing Receivable, Modifications, Pre-Modification Recorded Investment | $ 0 | $ 197 |
Financing Receivable, Modifications, Post-Modification Recorded Investment | $ 0 | $ 196 |
Total modifications [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Troubled Debt Restructuring Number of Contracts | Contract | 0 | 1 |
Financing Receivable, Modifications, Pre-Modification Recorded Investment | $ 0 | $ 197 |
Financing Receivable, Modifications, Post-Modification Recorded Investment | $ 0 | $ 196 |
Loans Receivable, Net_ Schedu50
Loans Receivable, Net: Schedule of Troubled Debt Restructurings With Subsequent Default (Details) $ in Thousands | 3 Months Ended | |
Sep. 30, 2015USD ($)Contract | Sep. 30, 2014USD ($)Contract | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Troubled Debt Restructuring Number of Contracts | Contract | 0 | 9 |
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | $ 0 | $ 1,830 |
One-to-four family [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Troubled Debt Restructuring Number of Contracts | Contract | 0 | 6 |
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | $ 0 | $ 1,605 |
Home equity | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Troubled Debt Restructuring Number of Contracts | Contract | 0 | 2 |
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | $ 0 | $ 161 |
Commercial business [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Troubled Debt Restructuring Number of Contracts | Contract | 0 | 1 |
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | $ 0 | $ 64 |
Real Estate Owned, Net_ Sched51
Real Estate Owned, Net: Schedule of Real Estate Properties (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Sep. 30, 2015 | Sep. 30, 2014 | |
Other Real Estate [Roll Forward] | ||
Balance at the beginning of the period | $ 797 | $ 5,067 |
Net loans transferred to real estate owned | 0 | 1,824 |
Capitalized improvements | 0 | 6 |
Sales of Real Estate Owned | (457) | (768) |
Impairment of Real Estate Owned | (38) | (37) |
Balance at the end of period | $ 302 | $ 6,092 |
Employee Benefit Plans_ Sched52
Employee Benefit Plans: Schedule of Employee Stock Ownership Plan (ESOP) Disclosures (Details) - USD ($) | Jan. 25, 2011 | Sep. 30, 2015 | Sep. 30, 2014 | Jun. 30, 2015 |
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | ||||
Employee Stock Ownership Plan (ESOP), Amount borrowed | $ 1,000,000 | |||
Shares contributed to ESOP | 102,000 | |||
Common stock issued, shares, offering price per share | $ 10 | |||
ESOP expense | $ 38,000 | $ 62,000 | ||
Employee Stock Ownership Plan (ESOP), Number of Allocated Shares | 34,585 | 32,865 | ||
Employee Stock Ownership Plan (ESOP), Number Of Unallocated Shares | 67,415 | 69,135 | ||
Employee Stock Ownership Plan (ESOP), Shares in ESOP | 102,000 | 102,000 | ||
Fair Value of Unallocated ESOP Shares | $ 1,485,000 | $ 1,555,000 |
Fair Value Measurements_ Schedu
Fair Value Measurements: Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis (Details) - USD ($) $ in Thousands | Sep. 30, 2015 | Jun. 30, 2015 |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Mortgage-backed Securities Available-for-sale, Fair Value Disclosure | $ 27,942 | $ 29,565 |
Fair Value, Inputs, Level 1 [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Mortgage-backed Securities Available-for-sale, Fair Value Disclosure | 0 | 0 |
Fair Value, Inputs, Level 2 [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Mortgage-backed Securities Available-for-sale, Fair Value Disclosure | 27,942 | 29,565 |
Fair Value, Inputs, Level 3 [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Mortgage-backed Securities Available-for-sale, Fair Value Disclosure | 0 | 0 |
Fair Value, Measurements, Recurring [Member] | Municipal Bonds [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Investments, Fair Value Disclosure | 432 | 435 |
Fair Value, Measurements, Recurring [Member] | Federal Home Loan Mortgage Corporation Certificates and Obligations (FHLMC) [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Mortgage-backed Securities Available-for-sale, Fair Value Disclosure | 11,184 | 11,791 |
Fair Value, Measurements, Recurring [Member] | Federal National Mortgage Association Certificates and Obligations (FNMA) [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Mortgage-backed Securities Available-for-sale, Fair Value Disclosure | 15,447 | 16,408 |
Fair Value, Measurements, Recurring [Member] | Government National Mortgage Association Certificates and Obligations (GNMA) [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Mortgage-backed Securities Available-for-sale, Fair Value Disclosure | 879 | 931 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Municipal Bonds [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Investments, Fair Value Disclosure | 0 | 0 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Federal Home Loan Mortgage Corporation Certificates and Obligations (FHLMC) [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Mortgage-backed Securities Available-for-sale, Fair Value Disclosure | 0 | 0 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Federal National Mortgage Association Certificates and Obligations (FNMA) [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Mortgage-backed Securities Available-for-sale, Fair Value Disclosure | 0 | 0 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Government National Mortgage Association Certificates and Obligations (GNMA) [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Mortgage-backed Securities Available-for-sale, Fair Value Disclosure | 0 | 0 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Municipal Bonds [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Investments, Fair Value Disclosure | 432 | 435 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Municipal Bonds [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Investments, Fair Value Disclosure | 0 | 0 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Federal Home Loan Mortgage Corporation Certificates and Obligations (FHLMC) [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Mortgage-backed Securities Available-for-sale, Fair Value Disclosure | 0 | 0 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Federal National Mortgage Association Certificates and Obligations (FNMA) [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Mortgage-backed Securities Available-for-sale, Fair Value Disclosure | 0 | 0 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Government National Mortgage Association Certificates and Obligations (GNMA) [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Mortgage-backed Securities Available-for-sale, Fair Value Disclosure | 0 | 0 |
Securities available-for-sale | Municipal Bonds [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Investments, Fair Value Disclosure | 432 | 435 |
Securities available-for-sale | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Federal Home Loan Mortgage Corporation Certificates and Obligations (FHLMC) [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Investments, Fair Value Disclosure | 11,184 | 11,791 |
Securities available-for-sale | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Federal National Mortgage Association Certificates and Obligations (FNMA) [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Investments, Fair Value Disclosure | 15,447 | 16,408 |
Securities available-for-sale | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Government National Mortgage Association Certificates and Obligations (GNMA) [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Investments, Fair Value Disclosure | $ 879 | $ 931 |
Fair Value Measurements_ Sche54
Fair Value Measurements: Schedule of Fair Value Assets and Liabilities Measured on Nonrecurring Basis (Details) - USD ($) $ in Thousands | Sep. 30, 2015 | Jun. 30, 2015 |
Commercial Loan [Member] | Impaired Loans [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Assets, Fair Value Disclosure | $ 322 | |
Commercial Loan [Member] | Fair Value, Inputs, Level 1 [Member] | Impaired Loans [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Assets, Fair Value Disclosure | 0 | |
Commercial Loan [Member] | Fair Value, Inputs, Level 2 [Member] | Impaired Loans [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Assets, Fair Value Disclosure | 0 | |
Commercial Loan [Member] | Fair Value, Inputs, Level 3 [Member] | Impaired Loans [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Assets, Fair Value Disclosure | 322 | |
Construction [Member] | Impaired Loans [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Assets, Fair Value Disclosure | 30 | |
Construction [Member] | Fair Value, Inputs, Level 1 [Member] | Impaired Loans [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Assets, Fair Value Disclosure | 0 | |
Construction [Member] | Fair Value, Inputs, Level 2 [Member] | Impaired Loans [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Assets, Fair Value Disclosure | 0 | |
Construction [Member] | Fair Value, Inputs, Level 3 [Member] | Impaired Loans [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Assets, Fair Value Disclosure | 30 | |
Home equity | Impaired Loans [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Assets, Fair Value Disclosure | 230 | |
Home equity | Fair Value, Inputs, Level 1 [Member] | Impaired Loans [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Assets, Fair Value Disclosure | 0 | |
Home equity | Fair Value, Inputs, Level 2 [Member] | Impaired Loans [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Assets, Fair Value Disclosure | 0 | |
Home equity | Fair Value, Inputs, Level 3 [Member] | Impaired Loans [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Assets, Fair Value Disclosure | 230 | |
Fair Value, Measurements, Nonrecurring [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Assets, Fair Value Disclosure | 4,763 | $ 6,266 |
Fair Value, Measurements, Nonrecurring [Member] | Impaired Loans [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Assets, Fair Value Disclosure | 4,738 | 5,660 |
Fair Value, Measurements, Nonrecurring [Member] | Real Estate Owned [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Assets, Fair Value Disclosure | 25 | 606 |
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Assets, Fair Value Disclosure | 0 | 0 |
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 1 [Member] | Impaired Loans [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Assets, Fair Value Disclosure | 0 | 0 |
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 1 [Member] | Real Estate Owned [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Assets, Fair Value Disclosure | 0 | 0 |
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Assets, Fair Value Disclosure | 0 | 0 |
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 2 [Member] | Impaired Loans [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Assets, Fair Value Disclosure | 0 | 0 |
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 2 [Member] | Real Estate Owned [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Assets, Fair Value Disclosure | 0 | 0 |
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Assets, Fair Value Disclosure | 4,763 | 6,266 |
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member] | Impaired Loans [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Assets, Fair Value Disclosure | 4,738 | 5,660 |
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member] | Real Estate Owned [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Assets, Fair Value Disclosure | 25 | 606 |
Fair Value, Measurements, Nonrecurring [Member] | One-to-four family [Member] | Impaired Loans [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Assets, Fair Value Disclosure | 4,105 | 4,172 |
Fair Value, Measurements, Nonrecurring [Member] | One-to-four family [Member] | Real Estate Owned [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Assets, Fair Value Disclosure | 188 | |
Fair Value, Measurements, Nonrecurring [Member] | One-to-four family [Member] | Fair Value, Inputs, Level 1 [Member] | Impaired Loans [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Assets, Fair Value Disclosure | 0 | 0 |
Fair Value, Measurements, Nonrecurring [Member] | One-to-four family [Member] | Fair Value, Inputs, Level 1 [Member] | Real Estate Owned [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Assets, Fair Value Disclosure | 0 | |
Fair Value, Measurements, Nonrecurring [Member] | One-to-four family [Member] | Fair Value, Inputs, Level 2 [Member] | Impaired Loans [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Assets, Fair Value Disclosure | 0 | 0 |
Fair Value, Measurements, Nonrecurring [Member] | One-to-four family [Member] | Fair Value, Inputs, Level 2 [Member] | Real Estate Owned [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Assets, Fair Value Disclosure | 0 | |
Fair Value, Measurements, Nonrecurring [Member] | One-to-four family [Member] | Fair Value, Inputs, Level 3 [Member] | Impaired Loans [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Assets, Fair Value Disclosure | 4,105 | 4,172 |
Fair Value, Measurements, Nonrecurring [Member] | One-to-four family [Member] | Fair Value, Inputs, Level 3 [Member] | Real Estate Owned [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Assets, Fair Value Disclosure | 188 | |
Fair Value, Measurements, Nonrecurring [Member] | Commercial Loan [Member] | Impaired Loans [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Assets, Fair Value Disclosure | 408 | |
Fair Value, Measurements, Nonrecurring [Member] | Commercial Loan [Member] | Fair Value, Inputs, Level 1 [Member] | Impaired Loans [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Assets, Fair Value Disclosure | 0 | |
Fair Value, Measurements, Nonrecurring [Member] | Commercial Loan [Member] | Fair Value, Inputs, Level 2 [Member] | Impaired Loans [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Assets, Fair Value Disclosure | 0 | |
Fair Value, Measurements, Nonrecurring [Member] | Commercial Loan [Member] | Fair Value, Inputs, Level 3 [Member] | Impaired Loans [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Assets, Fair Value Disclosure | 408 | |
Fair Value, Measurements, Nonrecurring [Member] | Land [Member] | Impaired Loans [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Assets, Fair Value Disclosure | 212 | |
Fair Value, Measurements, Nonrecurring [Member] | Land [Member] | Real Estate Owned [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Assets, Fair Value Disclosure | 25 | 418 |
Fair Value, Measurements, Nonrecurring [Member] | Land [Member] | Fair Value, Inputs, Level 1 [Member] | Impaired Loans [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Assets, Fair Value Disclosure | 0 | |
Fair Value, Measurements, Nonrecurring [Member] | Land [Member] | Fair Value, Inputs, Level 1 [Member] | Real Estate Owned [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Assets, Fair Value Disclosure | 0 | 0 |
Fair Value, Measurements, Nonrecurring [Member] | Land [Member] | Fair Value, Inputs, Level 2 [Member] | Impaired Loans [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Assets, Fair Value Disclosure | 0 | |
Fair Value, Measurements, Nonrecurring [Member] | Land [Member] | Fair Value, Inputs, Level 2 [Member] | Real Estate Owned [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Assets, Fair Value Disclosure | 0 | 0 |
Fair Value, Measurements, Nonrecurring [Member] | Land [Member] | Fair Value, Inputs, Level 3 [Member] | Impaired Loans [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Assets, Fair Value Disclosure | 212 | |
Fair Value, Measurements, Nonrecurring [Member] | Land [Member] | Fair Value, Inputs, Level 3 [Member] | Real Estate Owned [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Assets, Fair Value Disclosure | 25 | 418 |
Fair Value, Measurements, Nonrecurring [Member] | Commercial business [Member] | Impaired Loans [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Assets, Fair Value Disclosure | 51 | 868 |
Fair Value, Measurements, Nonrecurring [Member] | Commercial business [Member] | Fair Value, Inputs, Level 1 [Member] | Impaired Loans [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Assets, Fair Value Disclosure | 0 | 0 |
Fair Value, Measurements, Nonrecurring [Member] | Commercial business [Member] | Fair Value, Inputs, Level 2 [Member] | Impaired Loans [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Assets, Fair Value Disclosure | 0 | 0 |
Fair Value, Measurements, Nonrecurring [Member] | Commercial business [Member] | Fair Value, Inputs, Level 3 [Member] | Impaired Loans [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Assets, Fair Value Disclosure | $ 51 | $ 868 |
Fair Value Measurements_ Sche55
Fair Value Measurements: Schedule of Quantitative Information About Level 3 Fair Value Instruments (Details) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended |
Sep. 30, 2015 | Jun. 30, 2015 | |
Non-recurring Basis | Impaired Loans [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Level 3 Fair Value Financial Instruments | $ 4,738 | $ 5,660 |
Non-recurring Basis | Real Estate Owned [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Level 3 Fair Value Financial Instruments | $ 25 | $ 606 |
Impaired Loans [Member] | Collateral Value Method [Member] | Minimum [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Fair Value Inputs, Discount Rate | 0.00% | 0.00% |
Impaired Loans [Member] | Collateral Value Method [Member] | Maximum [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Fair Value Inputs, Discount Rate | 100.00% | 100.00% |
Impaired Loans [Member] | Collateral Value Method [Member] | Weighted Average [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Fair Value Inputs, Discount Rate | 5.00% | 4.00% |
Real Estate Owned [Member] | Collateral Value Method [Member] | Minimum [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Fair Value Inputs, Discount Rate | 0.00% | 0.00% |
Real Estate Owned [Member] | Collateral Value Method [Member] | Maximum [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Fair Value Inputs, Discount Rate | 100.00% | 100.00% |
Real Estate Owned [Member] | Collateral Value Method [Member] | Weighted Average [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Fair Value Inputs, Discount Rate | 5.00% | 1.00% |
Fair Value Measurements_ Sche56
Fair Value Measurements: Schedule of Carrying Values and Estimated Fair Values of Debt Instruments (Details) - USD ($) $ in Thousands | Sep. 30, 2015 | Jun. 30, 2015 | Sep. 30, 2014 | Jun. 30, 2014 |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Cash and cash equivalents | $ 19,657 | $ 14,450 | $ 17,797 | $ 14,758 |
Securities available for sale, at fair value | 27,942 | 29,565 | ||
Securities held-to-maturity | 7,425 | 7,692 | ||
Loans Receivable Held-for-sale, Amount | 0 | 505 | ||
Accrued interest receivable | 925 | 1,069 | ||
Advance payments by borrowers for taxes and insurance | 995 | 1,002 | ||
Reported Value Measurement [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Cash and cash equivalents | 19,657 | 14,450 | ||
Securities available for sale, at fair value | 27,942 | 29,565 | ||
Securities held-to-maturity | 7,330 | 7,617 | ||
FHLB stock | 853 | 853 | ||
Loans Receivable Held-for-sale, Amount | 505 | |||
Loans | 288,766 | 287,165 | ||
Life Insurance Investment | 19,132 | 19,001 | ||
Accrued interest receivable | 925 | 1,069 | ||
Demand deposits, savings and money market | 176,307 | 173,482 | ||
Certificates of deposit | 124,772 | 126,330 | ||
FHLB advances | 10,000 | 10,000 | ||
Fair Value [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Cash and cash equivalents | 19,657 | 14,450 | ||
Securities available for sale, at fair value | 27,942 | 29,565 | ||
Securities held-to-maturity | 7,425 | 7,692 | ||
FHLB stock | 853 | 853 | ||
Loans | 288,813 | 288,424 | ||
Life Insurance Investment | 19,132 | 19,001 | ||
Accrued interest receivable | 925 | 1,069 | ||
Demand deposits, savings and money market | 176,307 | 173,482 | ||
Certificates of deposit | 124,383 | 125,942 | ||
FHLB advances | 9,953 | 9,882 | ||
Quoted Prices in Active Markets for Identical Assets or Liabilities (Level 1) [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Cash and cash equivalents | 19,657 | 14,450 | ||
Securities available for sale, at fair value | 0 | 0 | ||
Securities held-to-maturity | 0 | 0 | ||
FHLB stock | $ 0 | 0 | ||
Loans Receivable Held-for-sale, Amount | 0 | |||
Loans | $ 0 | 0 | ||
Life Insurance Investment | 0 | 0 | ||
Accrued interest receivable | 0 | 0 | ||
Demand deposits, savings and money market | 176,307 | 173,482 | ||
Certificates of deposit | 0 | 0 | ||
FHLB advances | 0 | 0 | ||
Advance payments by borrowers for taxes and insurance | 995 | 1,002 | ||
Significant Other Observable Inputs (Level 2) [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Cash and cash equivalents | 0 | 0 | ||
Securities available for sale, at fair value | 27,942 | 29,565 | ||
Securities held-to-maturity | 7,425 | 7,692 | ||
FHLB stock | 853 | 853 | ||
Loans Receivable Held-for-sale, Amount | $ 0 | 0 | ||
Loans | 0 | |||
Life Insurance Investment | $ 19,132 | 19,001 | ||
Accrued interest receivable | $ 925 | 1,069 | ||
Demand deposits, savings and money market | 0 | |||
Certificates of deposit | $ 124,383 | 125,942 | ||
FHLB advances | 9,953 | 9,882 | ||
Advance payments by borrowers for taxes and insurance | 0 | 0 | ||
Significant Unobservable Inputs (Level 3) [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Cash and cash equivalents | 0 | 0 | ||
Securities available for sale, at fair value | 0 | 0 | ||
Securities held-to-maturity | 0 | 0 | ||
FHLB stock | 0 | 0 | ||
Loans Receivable Held-for-sale, Amount | 0 | 0 | ||
Loans | 288,813 | 288,424 | ||
Life Insurance Investment | 0 | 0 | ||
Accrued interest receivable | 0 | 0 | ||
Demand deposits, savings and money market | 0 | 0 | ||
Certificates of deposit | 0 | 0 | ||
FHLB advances | 0 | 0 | ||
Advance payments by borrowers for taxes and insurance | $ 0 | $ 0 |
Federal Income Taxes Narrative
Federal Income Taxes Narrative (Details) $ in Millions | Sep. 30, 2015USD ($) |
Income Tax Disclosure [Abstract] | |
Net deferred tax asset, before valuation allowance | $ 8.8 |
Operating Loss Carryforwards | $ 14.6 |