Oconee Federal Financial (OFED) 10-Q/A 14 May 18 2018 Q3 Quarterly report (amended) Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Mar. 31, 2018	May 08, 2018
Document And Entity Information [Abstract]
Entity Registrant Name	Oconee Federal Financial Corp.
Entity Central Index Key	1,501,078
Trading Symbol	ofed
Current Fiscal Year End Date	--06-30
Entity Filer Category	Smaller Reporting Company
Document Type	10-Q
Document Period End Date	Mar. 31, 2018
Amendment Flag	false
Entity's Reporting Status Current	Yes
Entity Common Stock, Shares Outstanding		5,774,589
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2,018

CONSOLIDATED BALANCE SHEETS (Un

CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands	Mar. 31, 2018	Jun. 30, 2017
ASSETS
Cash and due from banks	$ 2,050	$ 3,526
Interest-earning deposits	6,788	17,211
Fed funds sold	76	8
Total cash and cash equivalents	8,914	20,745
Securities available-for-sale	119,090	118,334
Loans	319,469	307,558
Allowance for loan losses	(1,052)	(1,016)
Net loans	318,417	306,542
Loans held for sale, at fair value	178	245
Premises and equipment, net	6,780	6,574
Real estate owned, net	850	865
Accrued interest receivable
Loans	962	944
Investments	571	568
Restricted equity securities, at cost	1,575	1,023
Bank owned life insurance	18,438	18,071
Goodwill	2,593	2,593
Core deposit intangible	448	568
Loan servicing rights	1,099	1,141
Deferred tax assets	2,113	2,370
Other assets	443	734
Total assets	482,471	481,317
Deposits
Noninterest bearing	28,125	25,900
Interest bearing	355,950	368,605
Total deposits	384,075	394,505
FHLB Advances	13,000
Accrued interest payable and other liabilities	814	851
Total liabilities	397,889	395,356
SHAREHOLDERS' EQUITY
Common stock, $0.01 par value, 100,000,000 shares authorized; 6,463,039 shares issued and outstanding	65	65
Treasury stock, at par, 714,386 and 699,345 shares, respectively	(7)	(7)
Additional paid-in capital	11,884	11,940
Retained earnings	75,785	75,169
Accumulated other comprehensive loss	(2,295)	(202)
Unearned ESOP shares	(850)	(1,004)
Total shareholders' equity	84,582	85,961
Total liabilities and shareholders' equity	$ 482,471	$ 481,317

CONSOLIDATED BALANCE SHEETS (U3

CONSOLIDATED BALANCE SHEETS (Unaudited) (Parenthetical) - $ / shares	Mar. 31, 2018	Jun. 30, 2017
Statement of Financial Position [Abstract]
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares issued	6,463,039	6,463,039
Common stock, shares outstanding	6,463,039	6,463,039
Treasury stock, shares	714,386	699,345

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (LOSS) (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Mar. 31, 2018	Mar. 31, 2017
Interest and dividend income:
Loans, including fees	$ 3,635	$ 3,633	$ 10,811	$ 11,009
Securities, taxable	414	382	1,182	1,213
Securities, tax-exempt	215	186	635	544
Interest-earning deposits and other	24	57	66	134
Total interest income	4,288	4,258	12,694	12,900
Interest expense:
Deposits	386	329	1,112	972
Other Borrowings	94		156
Total interest expense	480	329	1,268	972
Net interest income	3,808	3,929	11,426	11,928
Provision for loan losses	20	105	75	193
Net interest income after provision for loan losses	3,788	3,824	11,351	11,735
Noninterest income:
Service charges on deposit accounts	107	107	327	318
Income on bank owned life insurance	128	137	367	390
Mortgage banking income	64	74	197	227
Gain on sale of mortgage loans	26	1	28	23
Gain on sales of securities, net		3	10	128
Gain on disposition of purchase credit impaired loans		482		678
Other	20	2	76	4
Total noninterest income	345	806	1,005	1,768
Noninterest expense:
Salaries and employee benefits	1,688	1,637	4,896	4,609
Occupancy and equipment	405	372	1,244	1,110
Data processing	228	112	660	383
Professional and supervisory fees	288	140	745	596
Office expense	57	92	165	188
Advertising	43	44	171	122
FDIC deposit insurance	33	34	102	125
Foreclosed assets, net	31	6	59	43
Change in loan servicing asset	(75)	3	42	(170)
Other	251	275	679	762
Total noninterest expense	2,949	2,715	8,763	7,768
Income before income taxes	1,184	1,915	3,593	5,735
Income tax expense/(benefit)	(124)	527	1,486	1,759
Net income	1,308	1,388	2,107	3,976
Other comprehensive income/(loss)
Unrealized gains/(losses) on securities available-for-sale	(1,991)	458	(2,578)	(3,585)
Tax effect	558	(164)	683	1,291
Reclassification adjustment for gains realized in net income		(3)	(10)	(128)
Tax effect		1	3	46
Total other comprehensive income/(loss)	(1,433)	292	(1,902)	(2,376)
Comprehensive income/(loss)	$ (125)	$ 1,680	$ 205	$ 1,600
Basic net income per share: (Note 3) (in dollars per share)	$ 0.23	$ 0.24	$ 0.37	$ 0.7
Diluted net income per share: (Note 3) (in dollars per share)	0.22	0.24	0.36	0.69
Dividends declared per share: (in dollars per share)	$ 0.1	$ 0.1	$ 0.3	$ 0.3

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (Unaudited) - USD ($) $ in Thousands		Common Stock [Member]	Treasury Stock [Member]	Additional Paid-In Capital [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Unearned ESOP Shares [Member ]	Total
Balance at Jun. 30, 2016		$ 65	$ (6)	$ 12,882	$ 71,909	$ 1,808	$ (1,257)	$ 85,401
Net income					3,976			3,976
Other comprehensive loss						(2,376)		(2,376)
Purchase of shares of treasury stock	[1]		(1)	(1,209)				(1,210)
Stock-based compensation expense				225				225
Dividends	[2]			44	(1,684)			(1,640)
ESOP Shares earned				178			202	380
Balance at Mar. 31, 2017		65	(7)	12,120	74,201	(568)	(1,055)	84,756
Balance at Jun. 30, 2017		65	(7)	11,940	75,169	(202)	(1,004)	85,961
Net income					2,107			2,107
Other comprehensive loss						(1,902)		(1,902)
Reclassification of the income tax effects of the Tax Cuts and Jobs Act					191	(191)
Purchase of shares of treasury stock	[3]			(428)				(428)
Stock-based compensation expense				99				99
Dividends	[4]			48	(1,682)			(1,634)
ESOP Shares earned				225			154	379
Balance at Mar. 31, 2018		$ 65	$ (7)	$ 11,884	$ 75,785	$ (2,295)	$ (850)	$ 84,582
[1]	The weighted average cost of treasury shares purchased during the nine months ended was $21.84 per share. Treasury stock repurchases were accounted for using the par value method.
[2]	Approximately $99 of cash dividends paid on shares in the ESOP was used as an additional principal reduction on the ESOP debt, resulting in the release of approximately 8,500 additional shares. The portion of the dividend paid on allocated shares of approximately $44 was treated as a dividend. The remaining portion of the dividend payment and resulting release of approximately 6,600 shares was accounted for as additional compensation expense of approximately $55 for the nine months ended March 31, 2017.
[3]	The weighted average cost of treasury shares purchased during the six months ended was $28.45 per share. Treasury stock repurchases were accounted for using the par value method.
[4]	Approximately $93 of cash dividends paid on shares in the ESOP was used as an additional principal reduction on the ESOP debt, resulting in the release of approximately 8,400 additional shares. The portion of the dividend paid on allocated shares of approximately $48 was treated as a dividend. The remaining portion of the dividend payment and resulting release of approximately 6,600 shares was accounted for as additional compensation expense of approximately $44 for the nine months ended March 31, 2018.

CONSOLIDATED STATEMENTS OF CHA6

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (Parenthetical) - USD ($) $ in Thousands	9 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Statement of Stockholders' Equity [Abstract]
Purchase of treasury stock (in shares)	55,381	15,041
Weighted average cost of treasury shares (in dollars per share)	$ 21.84	$ 28.45
Cash dividends paid	$ 99	$ 93
Additional shares under ESOP debt	8,500	8,400
Amount of dividend paid on allocated shares	$ 44	$ 48
Number of shares remaining for dividend payment	6,600	6,600
Additional compensation expense	$ 55	$ 44

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Cash Flows From Operating Activities
Net income	$ 2,107	$ 3,976
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for loan losses	75	193
Provision for real estate owned	26	103
Depreciation and amortization, net	995	1,095
Net (accretion)/amortization of purchase accounting adjustments	220	(35)
Deferred income tax expense	943	214
Net gain on sale of real estate owned	(62)	(95)
Change in loan servicing asset	42	(170)
Net gain on sales of securities	(10)	(128)
Mortgage loans originated for sale	(3,346)	(1,769)
Mortgage loans sold	3,441	1,695
Gain on sales of mortgage loans	(28)	(23)
Increase in cash surrender value of bank owned life insurance	(367)	(390)
Gain on disposition of purchased credit impaired loans		(678)
ESOP compensation expense	379	380
Stock based compensation expense	99	225
Net change in operating assets and liabilities:
Accrued interest receivable and other assets	270	556
Accrued interest payable and other liabilities	(37)	372
Net cash provided by operating activities	4,747	5,521
Cash Flows From Investing Activities
Purchases of premises and equipment	(511)	(152)
Purchases of securities available-for-sale	(18,288)	(21,521)
Proceeds from maturities, paydowns and calls of securities available-for-sale	10,387	12,950
Proceeds from sales of securities available-for-sale	3,997	20,848
Purchases of restricted equity securities	(1,083)	(2)
Redemptions of restricted equity securities	531
Proceeds from sale of real estate owned	281	812
Dispositions of purchased credit impaired loans		1,009
Loan originations and repayments, net	(12,400)	(14,520)
Net cash used in investing activities	(17,086)	(576)
Cash Flows from Financing Activities
Net change in deposits	(10,430)	(4,732)
Proceeds from notes payable to FHLB	33,500
Repayment of notes payable to FHLB	(20,500)
Dividends paid	(1,634)	(1,640)
Purchase of treasury stock	(428)	(1,210)
Net cash (used in)/provided by financing activities	508	(7,582)
Change in cash and cash equivalents	(11,831)	(2,637)
Cash and cash equivalents, beginning of period	20,745	27,676
Cash and cash equivalents, end of period	$ 8,914	$ 25,039

BASIS OF PRESENTATION

BASIS OF PRESENTATION	9 Months Ended
	Mar. 31, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
BASIS OF PRESENTATION	(1) BASIS OF PRESENTATION The accompanying unaudited consolidated financial statements of Oconee Federal Financial Corp., which include the accounts of its wholly owned subsidiary Oconee Federal Savings and Loan Association (the “Association”) (referred to herein as “the Company,” “we,” “us,” or “our”), have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) for interim financial information and with the instructions to Form 10-Q and Rule 10-01 of Regulation S-X. Accordingly, certain information and footnote disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to such rules and regulations. Intercompany accounts and transactions are eliminated during consolidation. The Company is majority owned (72.12%) by Oconee Federal, MHC. These financial statements do not include the transactions and balances of Oconee Federal, MHC. In the opinion of management, the accompanying unaudited consolidated financial statements contain all adjustments (consisting only of normal recurring accruals) necessary to present fairly the Company’s financial position as of March 31, 2018 and June 30, 2017 and the results of operations and cash flows for the interim periods ended March 31, 2018 and 2017. All interim amounts have not been audited, and the results of operations for the interim periods herein are not necessarily indicative of the results of operations to be expected for the year ending June 30, 2018 or any other period. These consolidated financial statements should be read in conjunction with the Company’s audited consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the year ended June 30, 2017. Certain amounts have been reclassified to conform to the current period presentation. The reclassifications had no effect on net income or shareholders’ equity as previously reported. Cash Flows: Use of Estimates:

NEW ACCOUNTING STANDARDS

NEW ACCOUNTING STANDARDS	9 Months Ended
	Mar. 31, 2018
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
NEW ACCOUNTING STANDARDS	(2) NEW ACCOUNTING STANDARDS Accounting Standards Update (“ASU”) 2018-02, “Income Statement—Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income”. ASU 2017-09, “Compensation—Stock Compensation (Topic 718): Scope of Modification Accounting”. ASU 2017-08, “Receivables - Nonrefundable Fees and Other Costs (Subtopic 310-20): Premium Amortization on Purchased Callable Debt Securities”. ASU 2016-13, “Financial Instruments-Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments” There have been no accounting standards that have been issued or proposed by the Financial Accounting Standards Board (“FASB”) or other standards-setting bodies during this quarter that are expected to have a material impact on the Company’s financial position, results of operations or cash flows. The Company continues to evaluate the impact of standards previously issued and not yet effective, and have no changes in our assessment to disclose since filing of the Form 10-K.

EARNINGS PER SHARE (EPS)

EARNINGS PER SHARE (EPS)	9 Months Ended
	Mar. 31, 2018
Earnings Per Share [Abstract]
EARNINGS PER SHARE ("EPS")	(3) EARNINGS PER SHARE (“EPS”) Basic EPS is based on the weighted average number of common shares outstanding and is adjusted for ESOP shares not yet committed to be released. Unvested restricted stock awards, which contain rights to non-forfeitable dividends, are considered participating securities and the two-class method of computing basic and diluted EPS is applied. Diluted EPS reflects the potential dilution that could occur if securities or other contracts to issue common stock, such as outstanding stock options, were exercised or converted into common stock or resulted in the issuance of common stock that then shared in the earnings of the Company. Diluted EPS is calculated by adjusting the weighted average number of shares of common stock outstanding to include the effect of contracts or securities exercisable (such as stock options) or which could be converted into common stock, if dilutive, using the treasury stock method. The factors used in the earnings per common share computation follow: Three Months Ended Nine Months Ended March 31, March 31, March 31, March 31, Earnings per share Net income/(loss) $ 1,308 $ 1,388 $ 2,107 $ 3,976 Less: distributed earnings allocated to participating securities (2 ) (4 ) (5 ) (11 ) Less: (undistributed income) dividends in excess of earnings allocated to participating securities 2 (5 ) (2 ) (15 ) Net earnings/(loss) available to common shareholders $ 1,308 $ 1,379 $ 2,100 $ 3,950 Weighted average common shares outstanding including participating securities 5,786,109 5,786,109 5,797,217 5,797,217 Less: participating securities (18,910 ) (37,905 ) (18,910 ) (37,905 ) Less: average unearned ESOP shares (74,198 ) (100,211 ) (86,338 ) (111,304 ) Weighted average common shares outstanding 5,693,001 5,647,993 5,691,969 5,648,008 Basic earnings/(loss) per share $ 0.23 $ 0.24 $ 0.37 $ 0.70 Weighted average common shares outstanding 5,693,001 5,647,993 5,691,969 5,648,008 Add: dilutive effects of assumed exercises of stock options 129,343 100,972 128,338 93,534 Average shares and dilutive potential common shares 5,822,344 5,748,965 5,820,307 5,741,542 Diluted earnings/(loss) per share $ 0.22 $ 0.24 $ 0.36 $ 0.69 During the three and nine months ended March 31, 2018, 22,400 shares were considered anti-dilutive as the exercise price was in excess of the average market price for the respective periods. During the three and nine months ended March 31, 2017 no shares were considered anti-dilutive.

SECURITIES AVAILABLE-FOR-SALE

SECURITIES AVAILABLE-FOR-SALE	9 Months Ended
	Mar. 31, 2018
Investments, Debt and Equity Securities [Abstract]
SECURITIES AVAILABLE-FOR-SALE	(4) SECURITIES AVAILABLE-FOR-SALE Debt, mortgage-backed and equity securities have been classified in the consolidated balance sheets according to management’s intent. U.S. Government agency mortgage-backed securities consist of securities issued by U.S. Government agencies and U.S. Government sponsored enterprises. Investment securities at March 31, 2018 and June 30, 2017 are as follows: Gross Gross Amortized Unrealized Unrealized Fair March 31, 2018 Cost Gains Losses Value Available-for-sale: FHLMC common stock $ 20 $ 90 $ — $ 110 Certificates of deposit 5,983 — (67 ) 5,916 Municipal securities 43,830 12 (1,046 ) 42,796 SBA loan pools 427 2 — 429 CMOs 10,905 — (391 ) 10,514 U.S. Government agency mortgage-backed securities 46,798 16 (1,067 ) 45,747 U.S. Government agency bonds 14,031 — (453 ) 13,578 Total available-for-sale $ 121,994 $ 120 $ (3,024 ) $ 119,090 Gross Gross Amortized Unrealized Unrealized Fair June 30, 2017 Cost Gains Losses Value Available-for-sale: FHLMC common stock $ 20 $ 162 $ — $ 182 Certificates of deposit 6,230 16 (18 ) 6,228 Municipal securities 39,847 296 (344 ) 39,799 SBA loan pools 563 2 — 565 CMOs 13,024 — (239 ) 12,785 U.S. Government agency mortgage-backed securities 44,884 185 (244 ) 44,825 U.S. Government agency bonds 14,082 15 (147 ) 13,950 Total available-for-sale $ 118,650 $ 676 $ (992 ) $ 118,334 Securities pledged at March 31, 2018 and June 30, 2017 had fair values of $44,010 and $6,069, respectively. These securities were pledged to secure public deposits and FHLB advances. At March 31, 2018 and June 30, 2017, there were no holdings of securities of any one issuer, other than U.S. Government agencies and U.S. Government sponsored enterprises, in an amount greater than 10% of shareholders’ equity. The following tables show the fair value and unrealized loss of securities that have been in unrealized loss positions for less than twelve months and for twelve months or more at March 31, 2018 and June 30, 2017. The tables also show the number of securities in an unrealized loss position for each category of investment security as of the respective dates. Less than 12 Months 12 Months or More Total Fair Value Unrealized Number in Unrealized Loss (1) Fair Value Unrealized Number in Unrealized Loss (1) Fair Value Unrealized Number in Unrealized Loss (1) March 31, 2018 Available-for-sale: Certificates of deposit $ 5,667 $ (67 ) 23 $ — $ — — $ 5,667 $ (67 ) 23 Municipal securities 30,789 (656 ) 81 8,689 (390 ) 20 39,478 (1,046 ) 101 CMOs 2,332 (77 ) 3 8,182 (314 ) 13 10,514 (391 ) 16 U.S. Government agency mortgage-backed securities 35,690 (764 ) 45 8,582 (303 ) 11 44,272 (1,067 ) 56 U.S. Government agency bonds 6,789 (178 ) 8 6,788 (275 ) 6 13,577 (453 ) 14 $ 81,267 $ (1,742 ) 160 $ 32,241 $ (1,282 ) 50 $ 113,508 $ (3,024 ) 210 Less than 12 Months 12 Months or More Total Fair Value Unrealized Number in Unrealized Loss (1) Fair Value Unrealized Number in Unrealized Loss (1) Fair Value Unrealized Number in Unrealized Loss (1) June 30, 2017 Available-for-sale: Certificates of deposit $ 2,227 $ (18 ) 9 $ — $ — — $ 2,227 $ (18 ) 9 Municipal securities 18,331 (276 ) 41 2,221 (68 ) 5 20,552 (344 ) 46 CMOs 7,833 (136 ) 9 4,952 (103 ) 7 12,785 (239 ) 16 U.S. Government agency mortgage-backed securities 29,057 (244 ) 31 — — — 29,057 (244 ) 31 U.S. Government agency bonds 8,027 (78 ) 8 1,931 (69 ) 1 9,958 (147 ) 9 $ 65,475 $ (752 ) 98 $ 9,104 $ (240 ) 13 $ 74,579 $ (992 ) 111 (1) Actual amounts. The Company evaluates securities for other-than-temporary impairments (“OTTI”) at least on a quarterly basis, and more frequently when economic or market concerns warrant such evaluation. The Company considers the length of time and the extent to which the fair value has been less than cost and the financial condition and near-term prospects of the issuer. Additionally, the Company considers its intent to sell or whether it will be more likely than not it will be required to sell the security prior to the security’s anticipated recovery in fair value. In analyzing an issuer’s financial condition, the Company may consider whether the securities are issued by federal Government agencies, whether downgrades by bond rating agencies have occurred, and the results of reviews of the issuer’s financial condition. None of the unrealized losses at March 31, 2018 were recognized into net income for the three or nine months ended March 31, 2018 because the issuers’ bonds are of high credit quality, management does not intend to sell and it is more likely than not that management will not be required to sell the securities prior to their anticipated recovery, and the decline in fair value is largely due to changes in interest rates. The fair value of these securities is expected to recover as they approach their maturity date or reset date. None of the unrealized losses at June 30, 2017 were recognized as having OTTI during the year ended June 30, 2017. The following table presents the amortized cost and fair value of debt securities classified as available-for-sale at March 31, 2018 and June 30, 2017 by contractual maturity. March 31, 2018 June 30, 2017 Amortized Fair Amortized Fair Cost Value Cost Value Less than one year $ 1,502 $ 1,501 $ 2,989 $ 2,990 Due from one to five years 19,004 18,688 17,196 17,183 Due after five years to ten years 32,300 31,431 30,084 30,045 Due after ten years 11,465 11,099 10,453 10,324 Mortgage-backed securities, CMOs and FHLMC stock (1) 57,723 56,371 57,928 57,792 Total available for sale $ 121,994 $ 119,090 $ 118,650 $ 118,334 (1) Actual cash flows may differ from contractual maturities as borrowers may prepay obligations without prepayment penalty. FHLMC common stock is not scheduled because it has no contractual maturity date. The following table presents the gross proceeds from sales of securities available-for-sale and gains or losses recognized for the three and nine months ended March 31, 2018 and 2017: Three Months Ended Nine Months Ended Available-for-sale: March 31, March 31, March 31, March 31, Proceeds $ — $ 5,200 $ 3,997 $ 20,848 Gross gains — 3 11 128 Gross losses — — (1 ) — The tax provision related to these net realized gains for the nine months ended March 31, 2018 was $3, and for the three and nine months ended March 31, 2017 was $22 and $46, respectively.

LOANS

LOANS	9 Months Ended
	Mar. 31, 2018
Loans and Leases Receivable Disclosure [Abstract]
LOANS	(5) LOANS The components of loans at March 31, 2018 and June 30, 2017 were as follows: March 31, June 30, Real estate loans: One-to-four family $ 262,354 $ 260,114 Multi-family 1,771 1,864 Home equity 3,992 4,900 Nonresidential 17,447 18,916 Agricultural 1,315 1,441 Construction and land 26,964 15,254 Total real estate loans 313,843 302,489 Commercial and industrial 402 51 Consumer and other loans 5,224 5,018 Total loans $ 319,469 $ 307,558 The following tables present the activity in the allowance for loan losses for the three and nine months ended March 31, 2018 by portfolio segment: Three Months Ended March 31, 2018 Beginning Provision Charge-offs Recoveries Ending Real estate loans: One-to-four family $ 888 $ 15 $ — $ — $ 903 Multi-family 4 — — — 4 Home equity 4 2 — — 6 Nonresidential 59 4 — — 63 Agricultural — 1 — — 1 Construction and land 73 (2 ) — — 71 Total real estate loans 1,028 20 — — 1,048 Commercial and industrial 4 — — — 4 Consumer and other loans — — — — — Total loans $ 1,032 $ 20 $ — $ — $ 1,052 Nine Months Ended March 31, 2018 Beginning Provision Charge-offs Recoveries Ending Real estate loans: One-to-four family $ 900 $ 3 $ — $ — $ 903 Multi-family 4 — — — 4 Home equity 2 17 (13 ) — 6 Nonresidential 63 — — — 63 Agricultural 1 — — — 1 Construction and land 35 61 (25 ) — 71 Total real estate loans 1,005 81 (38 ) — 1,048 Commercial and industrial 4 — — — 4 Consumer and other loans 7 (6 ) (1 ) — — Total loans $ 1,016 $ 75 $ (39 ) $ — $ 1,052 The following table presents the recorded balances of loans and amount of allowance allocated based upon impairment method by portfolio segment at March 31, 2018: Ending Allowance on Loans: Loans: At March 31, 2018 Individually Evaluated Collectively Evaluated for Impairment Individually Evaluated for Impairment Collectively Evaluated for Impairment Real estate loans: One-to-four family $ — $ 903 $ 2,458 $ 259,896 Multi-family — 4 — 1,771 Home equity — 6 — 3,992 Nonresidential — 63 685 16,762 Agricultural — 1 427 888 Construction and land — 71 270 26,694 Total real estate loans — 1,048 3,840 310,003 Commercial and industrial — 4 — 402 Consumer and other loans — — — 5,224 Total loans $ — $ 1,052 $ 3,840 $ 315,629 The following tables present the activity in the allowance for loan losses for the three and nine months ended March 31, 2017 by portfolio segment: Three Months ended March 31, 2017 Beginning Balance Provision Charge-offs Recoveries Ending Balance Real estate loans: One-to-four family $ 795 $ 88 $ (33 ) $ — $ 850 Multi-family 4 — — — 4 Home equity 2 — — — 2 Nonresidential 124 5 — — 129 Agricultural 2 (1 ) — — 1 Construction and land 39 9 — — 48 Total real estate loans 966 101 (33 ) — 1,034 Commercial and industrial 5 — — — 5 Consumer and other loans 25 4 (1 ) — 28 Total loans $ 996 $ 105 $ (34 ) $ — $ 1,067 Nine Months ended March 31, 2017 Beginning Balance Provision Charge-offs Recoveries Ending Balance Real estate loans: One-to-four family $ 733 $ 150 $ (33 ) $ — $ 850 Multi-family 4 — — — 4 Home equity 2 — — — 2 Nonresidential 130 13 (14 ) — 129 Agricultural 5 (4 ) — — 1 Construction and land 39 9 — — 48 Total real estate loans 913 168 (47 ) — 1,034 Commercial and industrial 6 (1 ) — — 5 Consumer and other loans 3 26 (1 ) — 28 Total loans $ 922 $ 193 $ (48 ) $ — $ 1,067 The following table presents the recorded balances of loans and amount of allowance allocated based upon impairment method by portfolio segment at June 30, 2017: Ending Allowance on Loans: Loans: At June 30, 2017 Individually Evaluated Collectively Evaluated for Impairment Individually Evaluated for Impairment Collectively Evaluated for Impairment Real estate loans: One-to-four family $ 8 $ 892 $ 3,034 $ 257,080 Multi-family — 4 — 1,864 Home equity — 2 — 4,900 Nonresidential — 63 — 18,916 Agricultural — 1 448 993 Construction and land — 35 262 14,992 Total real estate loans 8 997 3,744 298,745 Commercial and industrial — 4 — 51 Consumer and other loans — 7 — 5,018 Total loans $ 8 $ 1,008 $ 3,744 $ 303,814 The tables below present loans that were individually evaluated for impairment by portfolio segment at March 31, 2018 and June 30, 2017, including the average recorded investment balance and interest earned for the nine months ended March 31, 2018 and the year ended June 30, 2017: March 31, 2018 Unpaid Principal Balance Recorded Investment Related Allowance Average Recorded Investment Interest Income Recognized With no recorded allowance: Real estate loans: One-to-four family $ 2,547 $ 2,458 $ — $ 2,263 $ 51 Multi-family — — — — — Home equity — — — — — Nonresidential 721 685 — 343 3 Agricultural 976 427 — 438 7 Construction and land 455 270 — 266 13 Total real estate loans 4,699 3,840 — 3,310 74 Commercial and industrial — — — — — Consumer and other loans — — — — — Total $ 4,699 $ 3,840 $ — $ 3,310 $ 74 With recorded allowance: Real estate loans: One-to-four family $ — $ — $ — $ 484 $ — Multi-family — — — — — Home equity — — — — — Nonresidential — — — — — Agricultural — — — — — Construction and land — — — — — Total real estate loans — — — 484 — Commercial and industrial — — — — — Consumer and other loans — — — — — Total $ — $ — $ — $ 484 $ — Totals: Real estate loans $ 4,699 $ 3,840 $ — $ 3,794 $ 74 Consumer and other loans — — — — — Total $ 4,699 $ 3,840 $ — $ 3,794 $ 74 June 30, 2017 Unpaid Principal Balance Recorded Investment Related Allowance Average Recorded Investment Interest Income Recognized With no recorded allowance: Real estate loans: One-to-four family $ 2,539 $ 2,067 $ — $ 1,534 $ 225 Multi-family — — — — — Home equity — — — — — Nonresidential — — — 555 — Agricultural 997 448 — 448 34 Construction and land 457 262 — 220 13 Total real estate loans 3,993 2,777 — 2,757 272 Commercial and industrial — — — — — Consumer and other loans — — — — — Total $ 3,993 $ 2,777 $ — $ 2,757 $ 272 With recorded allowance: Real estate loans: One-to-four family $ 989 $ 967 $ 8 $ 1,443 $ — Multi-family — — — — — Home equity — — — — — Nonresidential — — — 191 — Agricultural — — — — — Construction and land — — — 174 — Total real estate loans 989 967 8 1,808 — Commercial and industrial — — — — — Consumer and other loans — — — — — Total $ 989 $ 967 $ 8 $ 1,808 $ — Totals: Real estate loans $ 4,982 $ 3,744 $ 8 $ 4,565 $ 272 Consumer and other loans — — — — — Total $ 4,982 $ 3,744 $ 8 $ 4,565 $ 272 The following tables present the aging of past due loans as well as nonaccrual loans. Nonaccrual loans and accruing loans past due 90 days or more include both smaller balance homogenous loans and larger balance loans that are evaluated either collectively or individually for impairment. Total past due loans and nonaccrual loans at March 31, 2018: 30-59 60-89 90 Days Total Current Total Nonaccrual Accruing Real estate loans: One-to-four family $ 5,174 $ 1,586 $ 482 $ 7,242 $ 255,112 $ 262,354 $ 3,487 $ — Multi-family — — — — 1,771 1,771 — — Home equity 159 11 40 210 3,782 3,992 80 — Nonresidential 351 — — 351 17,096 17,447 930 — Agricultural — — — — 1,315 1,315 463 — Construction and land 130 35 270 435 26,529 26,964 292 — Total real estate loans 5,814 1,632 792 8,238 305,605 313,843 5,252 — Commercial and industrial — — — — 402 402 — — Consumer and other loans — 2 — 2 5,222 5,224 — — Total $ 5,814 $ 1,634 $ 792 $ 8,240 $ 311,229 $ 319,469 $ 5,252 $ — Total past due and nonaccrual loans by portfolio segment at June 30, 2017: 30-59 60-89 90 Days Total Current Total Nonaccrual Accruing Real estate loans: One-to-four family $ 6,143 $ 1,109 $ 1,100 $ 8,352 $ 251,762 $ 260,114 $ 2,762 $ — Multi-family — — — — 1,864 1,864 — — Home equity 161 — 40 201 4,699 4,900 89 — Nonresidential — 43 — 43 18,873 18,916 43 — Agricultural — 448 — 448 993 1,441 514 — Construction and land 40 — 35 75 15,179 15,254 75 — Total real estate loans 6,344 1,600 1,175 9,119 293,370 302,489 3,483 — Commercial and industrial — — — — 51 51 — — Consumer and other loans 10 1 — 11 5,007 5,018 — — Total $ 6,354 $ 1,601 $ 1,175 $ 9,130 $ 298,428 $ 307,558 $ 3,483 $ — Troubled Debt Restructurings: At March 31, 2018 and June 30, 2017, total loans that have been modified as troubled debt restructurings were $3,096 and $1,619, respectively, which consisted of one construction loan, two agricultural loans, two nonresidential and four one-to-four family first liens at March 31, 2018 and one construction loan, two agricultural loans, one home equity line of credit, and two one-to-four family first liens at June 30, 2017. An allowance of $0 and $8 at March 31, 2018 and June 30, 2017, respectively, has been specifically reserved for these loans. Additionally, there were no commitments to lend any additional amounts on any loan after the modification. The two one-to-four family first lien troubled debt restructurings during the nine months ended March 31, 2018 involved renewing existing loans with fee concessions. The two nonresidential troubled debt restructurings during the nine months ended March 31, 2018 involved renewing existing loans, one with a potential principal reduction and one with a change of terms to temporarily require only payments of interest. No loans modified as troubled debt restructurings during the twelve months ended March 31, 2018 have defaulted since restructuring. Loan Grades: The Company utilizes a grading system whereby all loans are assigned a grade based on the risk profile of each loan. Loan grades are determined based on an evaluation of relevant information about the ability of borrowers to service their debt such as current financial information, historical payment experience, credit documentation, public information, and current economic trends, among other factors. All loans, regardless of size, are analyzed and are given a grade based upon the management’s assessment of the ability of borrowers to service their debts. Pass: Loan assets of this grade conform to a preponderance of our underwriting criteria and are acceptable as a credit risk, based upon the current net worth and paying capacity of the obligor. Loans in this category also include loans secured by liquid assets and secured loans to borrowers with unblemished credit histories. Pass-Watch: Loan assets of this grade represent our minimum level of acceptable credit risk. This grade may also represent obligations previously rated “Pass”, but with significantly deteriorating trends or previously rated. Special Mention: Loan assets of this grade have a potential weakness that deserves management’s close attention. If left uncorrected, these potential weaknesses may result in deterioration of repayment prospects for the loan or of the institution’s credit position at some future date. Substandard: Loan assets of this grade are inadequately protected by the current net worth and paying capacity of the obligor or of the collateral pledged, if any. Loans so classified have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that the institution will sustain some loss if the deficiencies are not corrected. Doubtful: Loans classified as doubtful have all the weaknesses inherent in those classified as 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 and improbable. Portfolio Segments: One-to-four family: For traditional homes, the Company may originate loans with loan-to-value ratios in excess of 80% if the borrower obtains mortgage insurance or provides readily marketable collateral. The Company may make exceptions for special loan programs that we offer. The Company also originates residential mortgage loans for non-owner-occupied homes with loan-to-value ratios of up to 80%. The Company historically originated residential mortgage loans with loan-to-value ratios of up to 75% for manufactured or modular homes. The Company no longer offers residential mortgage loans for manufactured or modular homes as of December 1, 2014. However, renewals of existing performing credits that meet the Company’s underwriting requirements will be considered. The Company requires lower loan-to-value ratios for manufactured and modular homes because such homes tend to depreciate over time. Manufactured or modular homes must be permanently affixed to a lot to make them more difficult to move without the Company’s permission. Such homes must be “de-titled” by the State of South Carolina or Georgia so that they are taxed and must be transferred as residential homes rather than vehicles. The Company also obtains a mortgage on the real estate to which such homes are affixed. Multi-family: Multi-family real estate loans generally present a higher level of risk than loans secured by one-to-four family residences. This greater risk is due to several factors, including the concentration of principal in a limited number of loans and borrowers, the effects of general economic conditions on income-producing properties and the increased difficulty of evaluating and monitoring these types of loans. Furthermore, the repayment of loans secured by multi-family residential real estate is typically dependent upon the successful operation of the related real estate project. Home Equity: Nonresidential Real Estate: Loans secured by nonresidential real estate generally are larger than one-to-four family residential loans and involve greater credit risk. Nonresidential real estate loans often involve large loan balances to single borrowers or groups of related borrowers. Repayment of these loans depends to a large degree on the results of operations and management of the properties securing the loans or the businesses conducted on such property, and may be affected to a greater extent by adverse conditions in the real estate market or the economy in general, including the current adverse conditions. Our nonresidential real estate lending includes a significant amount of loans to churches. Because a church’s financial stability often depends on donations from congregation members rather than income from business operations, repayment may be affected by economic conditions that affect individuals located both in our market area and in other market areas with which we are not as familiar. In addition, due to the unique nature of church buildings and properties, the real estate securing church loans may be less marketable than other nonresidential real estate. The Company considers a number of factors in originating nonresidential real estate loans. The Company evaluates the qualifications and financial condition of the borrower, including credit history, cash flows, the applicable business plan, the financial resources of the borrower, the borrower’s experience in owning or managing similar property and the borrower’s payment history with the Company and other financial institutions. In evaluating the property securing the loan, the factors the Company considers include the net operating income of the mortgaged property before debt service and depreciation, the ratio of the loan amount to the appraised value of the mortgaged property and the debt service coverage ratio (the ratio of net operating income to debt service). For church loans, the Company also considers the length of time the church has been in existence, the size and financial strength of the denomination with which it is affiliated, attendance figures and growth projections and current operating budgets. The collateral underlying all nonresidential real estate loans is appraised by outside independent appraisers approved by our board of directors. Personal guarantees may be obtained from the principals of nonresidential real estate borrowers, and in the case of church loans, guarantees from the applicable denomination may be obtained. Agricultural: Loans secured by agricultural real estate generally are larger than one-to-four family residential loans and involve greater credit risk. Agricultural real estate loans often involve large loan balances to single borrowers or groups of related borrowers. Repayment of these loans depends to a large degree on the results of operations and management of the properties securing the loans or the businesses conducted on such property, and may be affected to a greater extent by adverse conditions in the real estate market or the economy in general, including the current adverse conditions. Construction and Land: The Company also makes interim construction loans for nonresidential properties. In addition, the Company occasionally makes loans for the construction of homes “on speculation,” but the Company generally permits a borrower to have only two such loans at a time. These loans generally have a maximum term of eight months, and upon completion of construction convert to conventional amortizing nonresidential real estate loans. These construction loans have rates and terms comparable to permanent loans secured by property of the type being constructed that we originate. Generally, the maximum loan-to-value ratio of these construction loans is 85%. Commercial and Industrial Loans: Commercial and industrial loans and leases typically are underwritten on the basis of the borrower’s or lessee’s ability to make repayment from the cash flow of its business and generally are collateralized by business assets. As a result, such loans and leases involve additional complexities, variables and risks and require more thorough underwriting and servicing than other types of loans and leases. Consumer and Other Loans: Consumer loans may entail greater credit risk than residential mortgage loans, particularly in the case of consumer loans that are unsecured or are secured by rapidly depreciable assets, such as automobiles. In addition, consumer loan collections are dependent on the borrower’s continuing financial stability, and thus are more likely to be affected by adverse personal circumstances. Furthermore, the application of various federal and state laws, including bankruptcy and insolvency laws, may limit the amount which can be recovered on such loans. Based on the most recent analysis performed, the risk grade of loans by portfolio segment are presented in the following tables. Total loans by risk grade and portfolio segment at March 31, 2018: Pass Pass- Watch Special Mention Substandard Doubtful Total Real estate loans: One-to-four family $ 247,571 $ 5,501 $ 2,926 $ 6,356 $ — $ 262,354 Multi-family 1,771 — — — — 1,771 Home equity 3,404 282 213 93 — 3,992 Nonresidential 13,251 1,829 1,312 1,055 — 17,447 Agricultural 232 356 264 463 — 1,315 Construction and land 25,519 809 116 520 — 26,964 Total real estate loans 291,748 8,777 4,831 8,487 — 313,843 Commercial and industrial 402 — — — — 402 Consumer and other loans 5,224 — — — — 5,224 Total $ 297,374 $ 8,777 $ 4,831 $ 8,487 $ — $ 319,469 Total loans by risk grade and portfolio segment at June 30, 2017: Pass Pass-Watch Special Mention Substandard Doubtful Total Real estate loans: One-to-four family $ 245,179 $ 5,914 $ 2,573 $ 6,448 $ — $ 260,114 Multi-family 1,864 — — — — 1,864 Home equity 4,272 233 300 95 — 4,900 Nonresidential 13,801 3,610 1,356 149 — 18,916 Agricultural 281 374 272 514 — 1,441 Construction and land 13,727 846 120 561 — 15,254 Total real estate loans 279,124 10,977 4,621 7,767 — 302,489 Commercial and industrial 51 — — — — 51 Consumer and other loans 5,017 — — 1 — 5,018 Total $ 284,192 $ 10,977 $ 4,621 $ 7,768 $ — $ 307,558 At March 31, 2018, consumer mortgage loans secured by residential real estate properties totaling $375 were in formal foreclosure proceedings and are included in one-to-four family and land loans.

BORROWINGS

BORROWINGS	9 Months Ended
	Mar. 31, 2018
Banking and Thrift [Abstract]
BORROWINGS	(6) BORROWINGS At March 31, 2018, long term borrowings consisted of fixed rate FHLB advances of $13,000 at a weighted average stated rate of 1.67% all of which mature in less than three months. There were no overnight borrowings at March 31, 2018 or June 30, 2017. We have credit available under a loan agreement with the FHLB with a remaining availability of $107,707 as of March 31, 2018. The Bank has pledged as collateral FHLB stock and certain investment securities and has entered into a blanket collateral agreement whereby qualifying mortgages, free of other encumbrances and at various discounted values as determined by the FHLB, will be maintained.

FAIR VALUE OF FINANCIAL INSTRUM

FAIR VALUE OF FINANCIAL INSTRUMENTS	9 Months Ended
	Mar. 31, 2018
Fair Value Disclosures [Abstract]
FAIR VALUE OF FINANCIAL INSTRUMENTS	(7) FAIR VALUE OF FINANCIAL INSTRUMENTS Fair value is the exchange price that would be received for an asset or paid to transfer a liability (exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. There are three levels of inputs that may be used to measure fair values: Level 1: Quoted prices (unadjusted) for identical assets or liabilities in active markets that the entity has the ability to access as of the measurement date. Level 2: Significant other observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data. Level 3: Significant unobservable inputs that reflect a reporting entity’s own assumptions about the assumptions that market participants would use in pricing an asset or liability. Investment Securities: The fair values for investment securities are determined by quoted market prices, if available (Level 1). For securities where quoted prices are not available, fair values are calculated based on market prices of similar securities (Level 2). For securities where quoted prices or market prices of similar securities are not available, fair values are calculated using discounted cash flows or other market indicators (Level 3). Impaired Loans: The fair value of impaired loans with specific allocations of the allowance for loan losses is generally based on recent real estate appraisals. These appraisals may utilize a single valuation approach or a combination of approaches including comparable sales and the income approach. Adjustments are routinely made in the appraisal process by the appraisers to adjust for differences between the comparable sales and income data available. Such adjustments are typically significant and result in a Level 3 classification of the inputs for determining fair value. Non-real estate collateral may be valued using an appraisal, net book value per the borrower’s financial statements, or aging reports, adjusted or discounted based on management’s historical knowledge, changes in market conditions from the time of the valuation, and management’s expertise and knowledge of the client and client’s business, resulting in a Level 3 fair value classification. Impaired loans are evaluated on a quarterly basis for additional impairment and adjusted accordingly. Real Estate Owned: Assets acquired through or instead of loan foreclosure are initially recorded at fair value less costs to sell when acquired, establishing a new cost basis. These assets are subsequently accounted for at lower of cost or fair value less estimated costs to sell. Fair value is commonly based on recent real estate appraisals, which are updated no less frequently than annually. These appraisals may utilize a single valuation approach or a combination of approaches including comparable sales and the income approach. Adjustments are routinely made in the appraisal process by the independent appraisers to adjust for differences between the comparable sales and income data available. Such adjustments are usually significant and typically result in a Level 3 classification of the inputs for determining fair value. Real estate owned properties are evaluated on a quarterly basis for additional impairment and adjusted accordingly. Appraisals for both collateral-dependent impaired loans and real estate owned are performed by certified general appraisers (for commercial properties) or certified residential appraisers (for residential properties) whose qualifications and licenses have been reviewed and verified by the Company. Once received, management reviews the assumptions and approaches utilized in the appraisal as well as the overall resulting fair value in comparison with independent data sources such as recent market data or industry-wide statistics. On an annual basis, the Company compares the actual selling price of collateral that has been sold to the most recent appraised value to determine what additional adjustment should be made to the appraisal value to arrive at fair value. Loan Servicing Rights: Fair value is determined based on a valuation model that calculates the present value of estimated future net servicing income. The valuation model utilizes assumptions that market participants would use in estimating future net servicing income and that can be validated against available market data and results in a Level 3 classification. Assets and liabilities measured at fair value on a recurring basis at March 31, 2018 and June 30, 2017 are summarized below: Fair Value Measurements March 31, 2018 June 30, 2017 (Level 2) (Level 3) (Level 2) (Level 3) Financial assets: Securities available-for-sale: FHLMC common stock $ 110 $ — $ 182 $ — Certificates of deposit 5,916 — 6,228 — Municipal securities 42,796 — 39,799 — SBA loan pools 429 — 565 — CMOs 10,514 — 12,785 — U.S. Government agency mortgage-backed securities 45,747 — 44,825 — U.S. Government agency bonds 13,578 — 13,950 — Total securities available-for-sale 119,090 — 118,334 — Loan servicing rights — 1,099 — 1,141 Total financial assets $ 119,090 $ 1,099 $ 118,334 $ 1,141 Presented in the table below are assets measured at fair value on a nonrecurring basis using level 3 inputs at March 31, 2018 and June 30, 2017: Fair Value Measurements March 31, June 30, (Level 3) (Level 3) Financial assets: Impaired loans, with specific allocations: One-to-four family $ — $ 959 Nonresidential — — Construction and land — — Total financial assets — 959 Non-financial assets: Real estate owned, net: One-to-four family 137 152 Nonresidential 713 713 Construction and land — — Total non-financial assets 850 865 Total assets measured at fair value on a non-recurring basis $ 850 $ 1,824 The Company’s impaired loans at March 31, 2018 and June 30, 2017 were measured at fair value based primarily upon the estimated value of real estate collateral less costs to sell. There were no such loans as of March 31, 2018. The carrying amounts of these loans was $959 as of June 30, 2017, which reflected a valuation allowance of $4. Real estate owned is carried at the lower of carrying value or fair value less costs to sell. The carrying value of real estate owned and their respective valuation allowances at March 31, 2018 and June 30, 2017 were $850 and $865 and $0 and $24, respectively. The tables below present a reconciliation of all Level 3 assets measured at fair value on a recurring basis using significant unobservable inputs for the three and nine months ended March 31, 2018 and 2017: Fair Value Measurements (Level 3) Three Months Ended Nine Months Ended March 31, March 31, March 31, March 31, Loan Servicing Rights Loan Servicing Rights Loan Servicing Rights Loan Servicing Rights Balance at beginning of period: $ 1,024 $ 1,219 $ 1,141 $ 1,046 Purchases — — — — Change in fair value 75 (3 ) (42 ) 170 Balance at end of period: $ 1,099 $ 1,216 $ 1,099 $ 1,216 The table below presents the valuation methodology and unobservable inputs for Level 3 assets measured at fair value on a non-recurring basis at March 31, 2018 and June 30, 2017. Level 3 Quantitative Information March 31, June 30, Valuation Technique Unobservable Inputs Range Fair Value Fair Value Loan servicing rights $ 1,099 $ 1,141 Discounted cash flows Discount rate, estimated timing of cash flows 9% to 11% Impaired real estate loans net, with specific allocations: One-to-four family $ — $ 959 Sales comparison approach Adjustment for differences between the comparable sales 0% to 30% Real estate owned net: One-to-four family $ 137 $ 152 Sales comparison approach Adjustment for differences between the comparable sales 0% to 20% Nonresidential $ 713 $ 713 Sales comparison approach Adjustment for differences between the comparable sales 0% to 20% Many of the Company’s assets and liabilities are short-term financial instruments whose carrying amounts reported in the consolidated balance sheet approximate fair value. These items include cash and cash equivalents, accrued interest receivable and payable balances, variable rate loan and deposits that re-price frequently and fully. The estimated fair values of the Company’s remaining on-balance sheet financial instruments at March 31, 2018 and June 30, 2017 are summarized below: March 31, 2018 Carrying Fair Value Amount (Level 1) (Level 2) (Level 3) Total Financial assets Securities available-for-sale $ 119,090 $ — $ 119,090 $ — $ 119,090 Loans, net 318,417 — — 314,322 314,322 Loans held for sale (1) 178 — — 178 178 Loan servicing rights 1,099 — — 1,099 1,099 Restricted equity securities 1,575 N/A N/A N/A N/A Financial liabilities Deposits $ 384,075 $ 172,575 $ 207,252 $ — $ 379,827 Fed Funds Purchased — — — — — FHLB Advances 13,000 — 12,996 — 12,996 June 30, 2017 Carrying Fair Value Amount (Level 1) (Level 2) (Level 3) Total Financial assets Securities available-for-sale $ 118,334 $ — $ 118,334 $ — $ 118,334 Loans, net 306,542 — — 307,624 307,624 Loans held for sale (1) 245 — — 245 245 Loan servicing rights 1,141 — — 1,141 1,141 Restricted equity securities 1,023 N/A N/A N/A N/A Financial liabilities Deposits $ 394,505 $ 190,968 $ 203,656 $ — $ 394,624 Fed Funds Purchased — — — — — FHLB Advances — — — — — (1) Loans held for sale are carried at the lower of cost or fair value, which is evaluated on a pool-level basis. The fair value of loans held for sale is determined using quoted prices for similar assets, adjusted for specific attributes of that loan or other observable market data, such as outstanding commitments from third party investors and result in a Level 3 classification.

EMPLOYEE STOCK OWNERSHIP PLAN

EMPLOYEE STOCK OWNERSHIP PLAN	9 Months Ended
	Mar. 31, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
EMPLOYEE STOCK OWNERSHIP PLAN	(8) EMPLOYEE STOCK OWNERSHIP PLAN Employees participate in an Employee Stock Ownership Plan (“ESOP”). The ESOP borrowed from the Company to purchase 248,842 shares of the Company’s common stock at $10.00 per share during 2011. The Company makes discretionary contributions to the ESOP and pays dividends on unallocated shares to the ESOP, and the ESOP uses funds it receives to repay the loan. When loan payments are made, ESOP shares are allocated to participants based on relative compensation and expense is recorded. Dividends on allocated shares increase participant accounts. Participants receive the shares at the end of employment. The Company makes contributions to the ESOP each December. There were no discretionary contributions made to the ESOP for debt retirement in 2017. In December 2016, $50 of discretionary contributions were made to the ESOP for debt retirement, which resulted in the release of additional shares and recognition of additional compensation expense of $0 and $88, respectively, for the three and nine months ended March 31, 2017. Total ESOP compensation expense for the three and nine months ended March 31, 2018 was $76 and $379, respectively, and for the three and nine months ended March 31, 2017 was $107 and $380, respectively. Shares held by the ESOP at March 31, 2018 and June 30, 2017 were as follows: March 31, June 30, Committed to be released to participants $ 5,384 $ 11,441 Allocated to participants 130,249 130,952 Unearned 83,056 89,620 Total ESOP shares 218,689 232,013 Fair value of unearned shares $ 2,393 $ 2,465

STOCK BASED COMPENSATION

STOCK BASED COMPENSATION	9 Months Ended
	Mar. 31, 2018
Share-based Compensation [Abstract]
STOCK BASED COMPENSATION	(9) STOCK BASED COMPENSATION On April 5, 2012, the shareholders of Oconee Federal Financial Corp. approved the Oconee Federal Financial Corp. 2012 Equity Incentive Plan (the “Plan”) for employees and directors of the Company. The Plan authorizes the issuance of up to 435,472 shares of the Company’s common stock, with no more than 124,420 of shares as restricted stock awards and 311,052 as stock options, either incentive stock options or non-qualified stock options. The exercise price of options granted under the Plan may not be less than the fair market value on the date the stock option is granted. The compensation committee of the board of directors has sole discretion to determine the amount and to whom equity incentive awards are granted. On December 22, 2017, the compensation committee of the board of directors approved the issuance of 22,400 stock options to purchase Company stock to officers. There were no stock options or restricted stock issued in fiscal 2017. Stock options and restricted stock have vesting periods of five years or seven years, a percentage of which vests annually on each anniversary of the grant date. The weighted average vesting period of stock options granted in 2017 was seven years. Apart from the vesting schedule for both stock options and restricted stock, there are no performance-based conditions or any other material conditions applicable to the awards issued. The following table summarizes stock option activity for the nine months ended March 31, 2018: Options Weighted- Average Exercise Price/Share Aggregate Intrinsic (1) Outstanding - June 30, 2017 261,986 $ 12.46 Granted 22,400 29.33 Exercised — — Forfeited — — Outstanding - March 31, 2018 284,386 $ 13.79 $ 4,272 Fully vested and exercisable at March 31, 2018 221,968 $ 11.97 $ 3,737 Expected to vest in future periods 62,418 Fully vested and expected to vest - March 31, 2018 284,386 $ 13.79 $ 4,272 (1) The intrinsic value for stock options is defined as the difference between the current market value and the exercise price. The current market price was based on the closing price of common stock of $28.81 per share on March 31, 2018. The fair value for each option grant is estimated on the date of grant using the Black-Scholes-Merton option pricing model that uses the following assumptions. The Company uses the U.S. Treasury yield curve in effect at the time of the grant to determine the risk-free interest rate. The expected dividend yield is estimated using the projected annual dividend level and recent stock price of the Company’s common stock at the date of grant. Expected stock volatility is based on historical volatilities of the SNL Financial Index of Thrift MHCs. The expected life of the options is calculated based on the “simplified” method as provided for under generally accepted accounting principles. The weighted-average fair value of options granted and assumptions used in the Black-Scholes-Merton option pricing model in the fiscal years granted are listed below: Fiscal Years Granted 2018 Risk-free interest rate 2.43 % Expected dividend yield 1.36 % Expected stock volatility 15.03 % Expected life (years) 8 Fair value $ 5.41 There were no stock options granted in fiscal year 2017. Stock options are assumed to be earned ratably over their respective vesting periods and charged to compensation expense based upon their grant date fair value and the number of options assumed to be earned. There were 12,018 and 35,367 options that were earned during the nine months ended March 31, 2018 and 2017, respectively. Stock-based compensation expense for stock options for the three and nine months ended March 31, 2018 was $10 and $23, respectively, and for the three and nine months ended March 31, 2017 was $14 and $42, respectively. Total unrecognized compensation cost related to stock options was $175 at March 31, 2018 and is expected to be recognized over a weighted-average period of 3.8 years. The following table summarizes non-vested restricted stock activity for the nine months ended March 31, 2018: March 31, Balance - beginning of year 21,910 Granted — Forfeited — Vested (3,000 ) Balance - end of period 18,910 Weighted average grant date fair value $ 13.09 The fair value of the restricted stock awards is amortized to compensation expense over their respective vesting periods and is based on the market price of the Company’s common stock at the date of grant multiplied by the number of shares granted that are expected to vest. Stock-based compensation expense for restricted stock included in noninterest expense for the three and nine months ended March 31, 2018 was $25 and $75, respectively, and for the three and nine months ended March 31, 2017 was $60 and $183, respectively. Unrecognized compensation expense for non-vested restricted stock awards was $264 at March 31, 2018 and is expected to be recognized over a weighted-average period of 3.0 years.

LOAN SERVICING RIGHTS

LOAN SERVICING RIGHTS	9 Months Ended
	Mar. 31, 2018
Transfers and Servicing [Abstract]
LOAN SERVICING RIGHTS	(10) LOAN SERVICING RIGHTS Mortgage loans serviced for others are not reported as assets; however, the underlying mortgage servicing rights associated with servicing these mortgage loans serviced for others is recorded as an asset in the consolidated balance sheet. The principal balances of those loans at March 31, 2018 and June 30, 2017 are as follows: March 31, June 30, Mortgage loan portfolio serviced for: FHLMC $ 99,851 $ 110,171 Custodial escrow balances maintained in connection with serviced loans were $607 and $893 at March 31, 2018 and June 30, 2017. Activity for loan servicing rights for the three and nine months ended March 31, 2018 and 2017 is as follows: Three Months Ended Nine Months Ended March 31, March 31, March 31, March 31, Loan servicing rights: Beginning of period: $ 1,024 $ 1,219 $ 1,141 $ 1,046 Additions — — — — Change in fair value 75 (3 ) (42 ) 170 End of period: $ 1,099 $ 1,216 $ 1,099 $ 1,216 Fair value at March 31, 2018 was determined using a discount rate of 10.13%, prepayment speed assumptions ranging from 4.7% to 9.8% Conditional Prepayment Rate (“CPR”) depending on the loans’ coupon, term and seasoning, and a weighted average default rate of 0.50%. Fair value at March 31, 2017 was determined using a discount rate of 9.75%, prepayment speed assumptions ranging from 5.0% to 11.8% CPR depending on the loans’ coupon, term and seasoning, and a weighted average default rate of 0.61%.

SUPPLEMENTAL CASH FLOW INFORMAT

SUPPLEMENTAL CASH FLOW INFORMATION	9 Months Ended
	Mar. 31, 2018
Supplemental Cash Flow Information [Abstract]
SUPPLEMENTAL CASH FLOW INFORMATION	(11) SUPPLEMENTAL CASH FLOW INFORMATION Supplemental cash flow information for the nine months ended March 31, 2018 and 2017 is as follows: March 31, March 31, Cash paid during the period for: Interest paid $ 1,266 $ 970 Income taxes paid $ 328 $ 1,280 Supplemental noncash disclosures: Transfers from loans to real estate owned $ 230 $ 277

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	9 Months Ended
	Mar. 31, 2018
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	(12) SUBSEQUENT EVENTS On April 26, 2018, the Board of Directors of Oconee Federal Financial Corp. declared a quarterly cash dividend of $0.10 per share of Oconee Federal Financial Corp.’s common stock. The dividend is payable to stockholders of record as of May 10, 2018, and will be paid on or about May 24, 2018.

EARNINGS PER SHARE (EPS) (Table

EARNINGS PER SHARE (EPS) (Tables)	9 Months Ended
	Mar. 31, 2018
Earnings Per Share [Abstract]
Schedule of factors used in the earnings per common share computation	The factors used in the earnings per common share computation follow: Three Months Ended Nine Months Ended March 31, March 31, March 31, March 31, Earnings per share Net income/(loss) $ 1,308 $ 1,388 $ 2,107 $ 3,976 Less: distributed earnings allocated to participating securities (2 ) (4 ) (5 ) (11 ) Less: (undistributed income) dividends in excess of earnings allocated to participating securities 2 (5 ) (2 ) (15 ) Net earnings/(loss) available to common shareholders $ 1,308 $ 1,379 $ 2,100 $ 3,950 Weighted average common shares outstanding including participating securities 5,786,109 5,786,109 5,797,217 5,797,217 Less: participating securities (18,910 ) (37,905 ) (18,910 ) (37,905 ) Less: average unearned ESOP shares (74,198 ) (100,211 ) (86,338 ) (111,304 ) Weighted average common shares outstanding 5,693,001 5,647,993 5,691,969 5,648,008 Basic earnings/(loss) per share $ 0.23 $ 0.24 $ 0.37 $ 0.70 Weighted average common shares outstanding 5,693,001 5,647,993 5,691,969 5,648,008 Add: dilutive effects of assumed exercises of stock options 129,343 100,972 128,338 93,534 Average shares and dilutive potential common shares 5,822,344 5,748,965 5,820,307 5,741,542 Diluted earnings/(loss) per share $ 0.22 $ 0.24 $ 0.36 $ 0.69

SECURITIES AVAILABLE-FOR-SALE (

SECURITIES AVAILABLE-FOR-SALE (Tables)	9 Months Ended
	Mar. 31, 2018
Investments, Debt and Equity Securities [Abstract]
Schedule of investment securities	Investment securities at March 31, 2018 and June 30, 2017 are as follows: Gross Gross Amortized Unrealized Unrealized Fair March 31, 2018 Cost Gains Losses Value Available-for-sale: FHLMC common stock $ 20 $ 90 $ — $ 110 Certificates of deposit 5,983 — (67 ) 5,916 Municipal securities 43,830 12 (1,046 ) 42,796 SBA loan pools 427 2 — 429 CMOs 10,905 — (391 ) 10,514 U.S. Government agency mortgage-backed securities 46,798 16 (1,067 ) 45,747 U.S. Government agency bonds 14,031 — (453 ) 13,578 Total available-for-sale $ 121,994 $ 120 $ (3,024 ) $ 119,090 Gross Gross Amortized Unrealized Unrealized Fair June 30, 2017 Cost Gains Losses Value Available-for-sale: FHLMC common stock $ 20 $ 162 $ — $ 182 Certificates of deposit 6,230 16 (18 ) 6,228 Municipal securities 39,847 296 (344 ) 39,799 SBA loan pools 563 2 — 565 CMOs 13,024 — (239 ) 12,785 U.S. Government agency mortgage-backed securities 44,884 185 (244 ) 44,825 U.S. Government agency bonds 14,082 15 (147 ) 13,950 Total available-for-sale $ 118,650 $ 676 $ (992 ) $ 118,334
Schedule of securities with unrealized losses aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position	The tables also show the number of securities in an unrealized loss position for each category of investment security as of the respective dates. Less than 12 Months 12 Months or More Total Fair Value Unrealized Number in Unrealized Loss (1) Fair Value Unrealized Number in Unrealized Loss (1) Fair Value Unrealized Number in Unrealized Loss (1) March 31, 2018 Available-for-sale: Certificates of deposit $ 5,667 $ (67 ) 23 $ — $ — — $ 5,667 $ (67 ) 23 Municipal securities 30,789 (656 ) 81 8,689 (390 ) 20 39,478 (1,046 ) 101 CMOs 2,332 (77 ) 3 8,182 (314 ) 13 10,514 (391 ) 16 U.S. Government agency mortgage-backed securities 35,690 (764 ) 45 8,582 (303 ) 11 44,272 (1,067 ) 56 U.S. Government agency bonds 6,789 (178 ) 8 6,788 (275 ) 6 13,577 (453 ) 14 $ 81,267 $ (1,742 ) 160 $ 32,241 $ (1,282 ) 50 $ 113,508 $ (3,024 ) 210 Less than 12 Months 12 Months or More Total Fair Value Unrealized Number in Unrealized Loss (1) Fair Value Unrealized Number in Unrealized Loss (1) Fair Value Unrealized Number in Unrealized Loss (1) June 30, 2017 Available-for-sale: Certificates of deposit $ 2,227 $ (18 ) 9 $ — $ — — $ 2,227 $ (18 ) 9 Municipal securities 18,331 (276 ) 41 2,221 (68 ) 5 20,552 (344 ) 46 CMOs 7,833 (136 ) 9 4,952 (103 ) 7 12,785 (239 ) 16 U.S. Government agency mortgage-backed securities 29,057 (244 ) 31 — — — 29,057 (244 ) 31 U.S. Government agency bonds 8,027 (78 ) 8 1,931 (69 ) 1 9,958 (147 ) 9 $ 65,475 $ (752 ) 98 $ 9,104 $ (240 ) 13 $ 74,579 $ (992 ) 111 (1) Actual amounts.
Schedule of contractual maturity	The following table presents the amortized cost and fair value of debt securities classified as available-for-sale at March 31, 2018 and June 30, 2017 by contractual maturity. March 31, 2018 June 30, 2017 Amortized Fair Amortized Fair Cost Value Cost Value Less than one year $ 1,502 $ 1,501 $ 2,989 $ 2,990 Due from one to five years 19,004 18,688 17,196 17,183 Due after five years to ten years 32,300 31,431 30,084 30,045 Due after ten years 11,465 11,099 10,453 10,324 Mortgage-backed securities, CMOs and FHLMC stock (1) 57,723 56,371 57,928 57,792 Total available for sale $ 121,994 $ 119,090 $ 118,650 $ 118,334 (1) Actual cash flows may differ from contractual maturities as borrowers may prepay obligations without prepayment penalty. FHLMC common stock is not scheduled because it has no contractual maturity date.
Schedule of proceeds from sales of securities available-for-sale and gains or losses recognized	The following table presents the gross proceeds from sales of securities available-for-sale and gains or losses recognized for the three and nine months ended March 31, 2018 and 2017: Three Months Ended Nine Months Ended Available-for-sale: March 31, March 31, March 31, March 31, Proceeds $ — $ 5,200 $ 3,997 $ 20,848 Gross gains — 3 11 128 Gross losses — — (1 ) —

LOANS (Tables)

LOANS (Tables)	9 Months Ended
	Mar. 31, 2018
Loans and Leases Receivable Disclosure [Abstract]
Schedule of components of loans	The components of loans at March 31, 2018 and June 30, 2017 were as follows: March 31, June 30, Real estate loans: One-to-four family $ 262,354 $ 260,114 Multi-family 1,771 1,864 Home equity 3,992 4,900 Nonresidential 17,447 18,916 Agricultural 1,315 1,441 Construction and land 26,964 15,254 Total real estate loans 313,843 302,489 Commercial and industrial 402 51 Consumer and other loans 5,224 5,018 Total loans $ 319,469 $ 307,558
Schedule of activity in the allowance for loan losses	The following tables present the activity in the allowance for loan losses for the three and nine months ended March 31, 2018 by portfolio segment: Three Months Ended March 31, 2018 Beginning Provision Charge-offs Recoveries Ending Real estate loans: One-to-four family $ 888 $ 15 $ — $ — $ 903 Multi-family 4 — — — 4 Home equity 4 2 — — 6 Nonresidential 59 4 — — 63 Agricultural — 1 — — 1 Construction and land 73 (2 ) — — 71 Total real estate loans 1,028 20 — — 1,048 Commercial and industrial 4 — — — 4 Consumer and other loans — — — — — Total loans $ 1,032 $ 20 $ — $ — $ 1,052 Nine Months Ended March 31, 2018 Beginning Provision Charge-offs Recoveries Ending Real estate loans: One-to-four family $ 900 $ 3 $ — $ — $ 903 Multi-family 4 — — — 4 Home equity 2 17 (13 ) — 6 Nonresidential 63 — — — 63 Agricultural 1 — — — 1 Construction and land 35 61 (25 ) — 71 Total real estate loans 1,005 81 (38 ) — 1,048 Commercial and industrial 4 — — — 4 Consumer and other loans 7 (6 ) (1 ) — — Total loans $ 1,016 $ 75 $ (39 ) $ — $ 1,052 The following tables present the activity in the allowance for loan losses for the three and nine months ended March 31, 2017 by portfolio segment: Three Months ended March 31, 2017 Beginning Balance Provision Charge-offs Recoveries Ending Balance Real estate loans: One-to-four family $ 795 $ 88 $ (33 ) $ — $ 850 Multi-family 4 — — — 4 Home equity 2 — — — 2 Nonresidential 124 5 — — 129 Agricultural 2 (1 ) — — 1 Construction and land 39 9 — — 48 Total real estate loans 966 101 (33 ) — 1,034 Commercial and industrial 5 — — — 5 Consumer and other loans 25 4 (1 ) — 28 Total loans $ 996 $ 105 $ (34 ) $ — $ 1,067 Nine Months ended March 31, 2017 Beginning Balance Provision Charge-offs Recoveries Ending Balance Real estate loans: One-to-four family $ 733 $ 150 $ (33 ) $ — $ 850 Multi-family 4 — — — 4 Home equity 2 — — — 2 Nonresidential 130 13 (14 ) — 129 Agricultural 5 (4 ) — — 1 Construction and land 39 9 — — 48 Total real estate loans 913 168 (47 ) — 1,034 Commercial and industrial 6 (1 ) — — 5 Consumer and other loans 3 26 (1 ) — 28 Total loans $ 922 $ 193 $ (48 ) $ — $ 1,067
Schedule of recorded balances of loans and amount of allowance allocated based upon impairment method by portfolio segment	The following table presents the recorded balances of loans and amount of allowance allocated based upon impairment method by portfolio segment at March 31, 2018: Ending Allowance on Loans: Loans: At March 31, 2018 Individually Evaluated Collectively Evaluated for Impairment Individually Evaluated for Impairment Collectively Evaluated for Impairment Real estate loans: One-to-four family $ — $ 903 $ 2,458 $ 259,896 Multi-family — 4 — 1,771 Home equity — 6 — 3,992 Nonresidential — 63 685 16,762 Agricultural — 1 427 888 Construction and land — 71 270 26,694 Total real estate loans — 1,048 3,840 310,003 Commercial and industrial — 4 — 402 Consumer and other loans — — — 5,224 Total loans $ — $ 1,052 $ 3,840 $ 315,629 The following table presents the recorded balances of loans and amount of allowance allocated based upon impairment method by portfolio segment at June 30, 2017: Ending Allowance on Loans: Loans: At June 30, 2017 Individually Evaluated Collectively Evaluated for Impairment Individually Evaluated for Impairment Collectively Evaluated for Impairment Real estate loans: One-to-four family $ 8 $ 892 $ 3,034 $ 257,080 Multi-family — 4 — 1,864 Home equity — 2 — 4,900 Nonresidential — 63 — 18,916 Agricultural — 1 448 993 Construction and land — 35 262 14,992 Total real estate loans 8 997 3,744 298,745 Commercial and industrial — 4 — 51 Consumer and other loans — 7 — 5,018 Total loans $ 8 $ 1,008 $ 3,744 $ 303,814
Schedule of individually evaluated for impairment by portfolio segment	The tables below present loans that were individually evaluated for impairment by portfolio segment at March 31, 2018 and June 30, 2017, including the average recorded investment balance and interest earned for the nine months ended March 31, 2018 and the year ended June 30, 2017: March 31, 2018 Unpaid Principal Balance Recorded Investment Related Allowance Average Recorded Investment Interest Income Recognized With no recorded allowance: Real estate loans: One-to-four family $ 2,547 $ 2,458 $ — $ 2,263 $ 51 Multi-family — — — — — Home equity — — — — — Nonresidential 721 685 — 343 3 Agricultural 976 427 — 438 7 Construction and land 455 270 — 266 13 Total real estate loans 4,699 3,840 — 3,310 74 Commercial and industrial — — — — — Consumer and other loans — — — — — Total $ 4,699 $ 3,840 $ — $ 3,310 $ 74 With recorded allowance: Real estate loans: One-to-four family $ — $ — $ — $ 484 $ — Multi-family — — — — — Home equity — — — — — Nonresidential — — — — — Agricultural — — — — — Construction and land — — — — — Total real estate loans — — — 484 — Commercial and industrial — — — — — Consumer and other loans — — — — — Total $ — $ — $ — $ 484 $ — Totals: Real estate loans $ 4,699 $ 3,840 $ — $ 3,794 $ 74 Consumer and other loans — — — — — Total $ 4,699 $ 3,840 $ — $ 3,794 $ 74 June 30, 2017 Unpaid Principal Balance Recorded Investment Related Allowance Average Recorded Investment Interest Income Recognized With no recorded allowance: Real estate loans: One-to-four family $ 2,539 $ 2,067 $ — $ 1,534 $ 225 Multi-family — — — — — Home equity — — — — — Nonresidential — — — 555 — Agricultural 997 448 — 448 34 Construction and land 457 262 — 220 13 Total real estate loans 3,993 2,777 — 2,757 272 Commercial and industrial — — — — — Consumer and other loans — — — — — Total $ 3,993 $ 2,777 $ — $ 2,757 $ 272 With recorded allowance: Real estate loans: One-to-four family $ 989 $ 967 $ 8 $ 1,443 $ — Multi-family — — — — — Home equity — — — — — Nonresidential — — — 191 — Agricultural — — — — — Construction and land — — — 174 — Total real estate loans 989 967 8 1,808 — Commercial and industrial — — — — — Consumer and other loans — — — — — Total $ 989 $ 967 $ 8 $ 1,808 $ — Totals: Real estate loans $ 4,982 $ 3,744 $ 8 $ 4,565 $ 272 Consumer and other loans — — — — — Total $ 4,982 $ 3,744 $ 8 $ 4,565 $ 272
Schedule of the aging of the recorded investment in past due loans	Total past due loans and nonaccrual loans at March 31, 2018: 30-59 60-89 90 Days Total Current Total Nonaccrual Accruing Real estate loans: One-to-four family $ 5,174 $ 1,586 $ 482 $ 7,242 $ 255,112 $ 262,354 $ 3,487 $ — Multi-family — — — — 1,771 1,771 — — Home equity 159 11 40 210 3,782 3,992 80 — Nonresidential 351 — — 351 17,096 17,447 930 — Agricultural — — — — 1,315 1,315 463 — Construction and land 130 35 270 435 26,529 26,964 292 — Total real estate loans 5,814 1,632 792 8,238 305,605 313,843 5,252 — Commercial and industrial — — — — 402 402 — — Consumer and other loans — 2 — 2 5,222 5,224 — — Total $ 5,814 $ 1,634 $ 792 $ 8,240 $ 311,229 $ 319,469 $ 5,252 $ — Total past due and nonaccrual loans by portfolio segment at June 30, 2017: 30-59 60-89 90 Days Total Current Total Nonaccrual Accruing Real estate loans: One-to-four family $ 6,143 $ 1,109 $ 1,100 $ 8,352 $ 251,762 $ 260,114 $ 2,762 $ — Multi-family — — — — 1,864 1,864 — — Home equity 161 — 40 201 4,699 4,900 89 — Nonresidential — 43 — 43 18,873 18,916 43 — Agricultural — 448 — 448 993 1,441 514 — Construction and land 40 — 35 75 15,179 15,254 75 — Total real estate loans 6,344 1,600 1,175 9,119 293,370 302,489 3,483 — Commercial and industrial — — — — 51 51 — — Consumer and other loans 10 1 — 11 5,007 5,018 — — Total $ 6,354 $ 1,601 $ 1,175 $ 9,130 $ 298,428 $ 307,558 $ 3,483 $ —
Schedule of portfolio segment by risk grade for originated and for acquired loans	Total loans by risk grade and portfolio segment at March 31, 2018: Pass Pass- Watch Special Mention Substandard Doubtful Total Real estate loans: One-to-four family $ 247,571 $ 5,501 $ 2,926 $ 6,356 $ — $ 262,354 Multi-family 1,771 — — — — 1,771 Home equity 3,404 282 213 93 — 3,992 Nonresidential 13,251 1,829 1,312 1,055 — 17,447 Agricultural 232 356 264 463 — 1,315 Construction and land 25,519 809 116 520 — 26,964 Total real estate loans 291,748 8,777 4,831 8,487 — 313,843 Commercial and industrial 402 — — — — 402 Consumer and other loans 5,224 — — — — 5,224 Total $ 297,374 $ 8,777 $ 4,831 $ 8,487 $ — $ 319,469 Total loans by risk grade and portfolio segment at June 30, 2017: Pass Pass-Watch Special Mention Substandard Doubtful Total Real estate loans: One-to-four family $ 245,179 $ 5,914 $ 2,573 $ 6,448 $ — $ 260,114 Multi-family 1,864 — — — — 1,864 Home equity 4,272 233 300 95 — 4,900 Nonresidential 13,801 3,610 1,356 149 — 18,916 Agricultural 281 374 272 514 — 1,441 Construction and land 13,727 846 120 561 — 15,254 Total real estate loans 279,124 10,977 4,621 7,767 — 302,489 Commercial and industrial 51 — — — — 51 Consumer and other loans 5,017 — — 1 — 5,018 Total $ 284,192 $ 10,977 $ 4,621 $ 7,768 $ — $ 307,558

FAIR VALUE OF FINANCIAL INSTR23

FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)	9 Months Ended
	Mar. 31, 2018
Fair Value Disclosures [Abstract]
Schedule of assets and liabilities measured at fair value on a recurring basis	Assets and liabilities measured at fair value on a recurring basis at March 31, 2018 and June 30, 2017 are summarized below: Fair Value Measurements March 31, 2018 June 30, 2017 (Level 2) (Level 3) (Level 2) (Level 3) Financial assets: Securities available-for-sale: FHLMC common stock $ 110 $ — $ 182 $ — Certificates of deposit 5,916 — 6,228 — Municipal securities 42,796 — 39,799 — SBA loan pools 429 — 565 — CMOs 10,514 — 12,785 — U.S. Government agency mortgage-backed securities 45,747 — 44,825 — U.S. Government agency bonds 13,578 — 13,950 — Total securities available-for-sale 119,090 — 118,334 — Loan servicing rights — 1,099 — 1,141 Total financial assets $ 119,090 $ 1,099 $ 118,334 $ 1,141
Schedule of assets measured at fair value on a non-recurring basis	Presented in the table below are assets measured at fair value on a nonrecurring basis using level 3 inputs at March 31, 2018 and June 30, 2017: Fair Value Measurements March 31, June 30, (Level 3) (Level 3) Financial assets: Impaired loans, with specific allocations: One-to-four family $ — $ 959 Nonresidential — — Construction and land — — Total financial assets — 959 Non-financial assets: Real estate owned, net: One-to-four family 137 152 Nonresidential 713 713 Construction and land — — Total non-financial assets 850 865 Total assets measured at fair value on a non-recurring basis $ 850 $ 1,824
Schedule of reconciliation of all assets measured at fair value on a recurring basis using significant unobservable inputs Level 3	The tables below present a reconciliation of all Level 3 assets measured at fair value on a recurring basis using significant unobservable inputs for the three and nine months ended March 31, 2018 and 2017: Fair Value Measurements (Level 3) Three Months Ended Nine Months Ended March 31, March 31, March 31, March 31, Loan Servicing Rights Loan Servicing Rights Loan Servicing Rights Loan Servicing Rights Balance at beginning of period: $ 1,024 $ 1,219 $ 1,141 $ 1,046 Purchases — — — — Change in fair value 75 (3 ) (42 ) 170 Balance at end of period: $ 1,099 $ 1,216 $ 1,099 $ 1,216
Schedule of valuation methodology and unobservable inputs for Level 3 assets measured at fair value on a non-recurring basis	The table below presents the valuation methodology and unobservable inputs for Level 3 assets measured at fair value on a non-recurring basis at March 31, 2018 and June 30, 2017. Level 3 Quantitative Information March 31, June 30, Valuation Technique Unobservable Inputs Range Fair Value Fair Value Loan servicing rights $ 1,099 $ 1,141 Discounted cash flows Discount rate, estimated timing of cash flows 9% to 11% Impaired real estate loans net, with specific allocations: One-to-four family $ — $ 959 Sales comparison approach Adjustment for differences between the comparable sales 0% to 30% Real estate owned net: One-to-four family $ 137 $ 152 Sales comparison approach Adjustment for differences between the comparable sales 0% to 20% Nonresidential $ 713 $ 713 Sales comparison approach Adjustment for differences between the comparable sales 0% to 20%
Schedule of carrying amounts and estimated fair values of the Company's on-balance sheet financial instruments	The estimated fair values of the Company’s remaining on-balance sheet financial instruments at March 31, 2018 and June 30, 2017 are summarized below: March 31, 2018 Carrying Fair Value Amount (Level 1) (Level 2) (Level 3) Total Financial assets Securities available-for-sale $ 119,090 $ — $ 119,090 $ — $ 119,090 Loans, net 318,417 — — 314,322 314,322 Loans held for sale (1) 178 — — 178 178 Loan servicing rights 1,099 — — 1,099 1,099 Restricted equity securities 1,575 N/A N/A N/A N/A Financial liabilities Deposits $ 384,075 $ 172,575 $ 207,252 $ — $ 379,827 Fed Funds Purchased — — — — — FHLB Advances 13,000 — 12,996 — 12,996 June 30, 2017 Carrying Fair Value Amount (Level 1) (Level 2) (Level 3) Total Financial assets Securities available-for-sale $ 118,334 $ — $ 118,334 $ — $ 118,334 Loans, net 306,542 — — 307,624 307,624 Loans held for sale (1) 245 — — 245 245 Loan servicing rights 1,141 — — 1,141 1,141 Restricted equity securities 1,023 N/A N/A N/A N/A Financial liabilities Deposits $ 394,505 $ 190,968 $ 203,656 $ — $ 394,624 Fed Funds Purchased — — — — — FHLB Advances — — — — — (1) Loans held for sale are carried at the lower of cost or fair value, which is evaluated on a pool-level basis. The fair value of loans held for sale is determined using quoted prices for similar assets, adjusted for specific attributes of that loan or other observable market data, such as outstanding commitments from third party investors and result in a Level 3 classification.

EMPLOYEE STOCK OWNERSHIP PLAN (

EMPLOYEE STOCK OWNERSHIP PLAN (Tables)	9 Months Ended
	Mar. 31, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Schedule of Employee Stock Ownership Plan (ESOP)	Shares held by the ESOP at March 31, 2018 and June 30, 2017 were as follows: March 31, June 30, Committed to be released to participants $ 5,384 $ 11,441 Allocated to participants 130,249 130,952 Unearned 83,056 89,620 Total ESOP shares 218,689 232,013 Fair value of unearned shares $ 2,393 $ 2,465

STOCK BASED COMPENSATION (Table

STOCK BASED COMPENSATION (Tables)	9 Months Ended
	Mar. 31, 2018
Share-based Compensation [Abstract]
Schedule of stock option activity	The following table summarizes stock option activity for the nine months ended March 31, 2018: Options Weighted- Average Exercise Price/Share Aggregate Intrinsic (1) Outstanding - June 30, 2017 261,986 $ 12.46 Granted 22,400 29.33 Exercised — — Forfeited — — Outstanding - March 31, 2018 284,386 $ 13.79 $ 4,272 Fully vested and exercisable at March 31, 2018 221,968 $ 11.97 $ 3,737 Expected to vest in future periods 62,418 Fully vested and expected to vest - March 31, 2018 284,386 $ 13.79 $ 4,272 (1) The intrinsic value for stock options is defined as the difference between the current market value and the exercise price. The current market price was based on the closing price of common stock of $28.81 per share on March 31, 2018.
Schedule of weighted-average fair value of options granted and assumptions used in the Black-Scholes-Merton option pricing model	The weighted-average fair value of options granted and assumptions used in the Black-Scholes-Merton option pricing model in the fiscal years granted are listed below: Fiscal Years Granted 2018 Risk-free interest rate 2.43 % Expected dividend yield 1.36 % Expected stock volatility 15.03 % Expected life (years) 8 Fair value $ 5.41
Schedule of non-vested restricted stock activity	The following table summarizes non-vested restricted stock activity for the nine months ended March 31, 2018: March 31, Balance - beginning of year 21,910 Granted — Forfeited — Vested (3,000 ) Balance - end of period 18,910 Weighted average grant date fair value $ 13.09

LOAN SERVICING RIGHTS (Tables)

LOAN SERVICING RIGHTS (Tables)	9 Months Ended
	Mar. 31, 2018
Transfers and Servicing [Abstract]
Schedule of principal balances of mortgage loans serviced	The principal balances of those loans at March 31, 2018 and June 30, 2017 are as follows: March 31, June 30, Mortgage loan portfolio serviced for: FHLMC $ 99,851 $ 110,171
Schedule of activity for loan servicing rights	Activity for loan servicing rights for the three and nine months ended March 31, 2018 and 2017 is as follows: Three Months Ended Nine Months Ended March 31, March 31, March 31, March 31, Loan servicing rights: Beginning of period: $ 1,024 $ 1,219 $ 1,141 $ 1,046 Additions — — — — Change in fair value 75 (3 ) (42 ) 170 End of period: $ 1,099 $ 1,216 $ 1,099 $ 1,216

SUPPLEMENTAL CASH FLOW INFORM27

SUPPLEMENTAL CASH FLOW INFORMATION (Tables)	9 Months Ended
	Mar. 31, 2018
Supplemental Cash Flow Elements [Abstract]
Schedule of supplemental cash flow information	Supplemental cash flow information for the nine months ended March 31, 2018 and 2017 is as follows: March 31, March 31, Cash paid during the period for: Interest paid $ 1,266 $ 970 Income taxes paid $ 328 $ 1,280 Supplemental noncash disclosures: Transfers from loans to real estate owned $ 230 $ 277

BASIS OF PRESENTATION (Detail T

BASIS OF PRESENTATION (Detail Textuals)	Mar. 31, 2018
Oconee Federal Mutual Holding Company [Member]
Percentage of ownership in the entity	72.12%

EARNINGS PER SHARE (EPS) (Detai

EARNINGS PER SHARE (EPS) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Mar. 31, 2018	Mar. 31, 2017
Earnings per share
Net income/(loss)	$ 1,308	$ 1,388	$ 2,107	$ 3,976
Less: distributed earnings allocated to participating securities	(2)	(4)	(5)	(11)
Less: (undistributed income) dividends in excess of earnings allocated to participating securities	2	(5)	(2)	(15)
Net earnings/(loss) available to common shareholders	$ 1,308	$ 1,379	$ 2,100	$ 3,950
Weighted average common shares outstanding including participating securities	5,786,109	5,786,109	5,797,217	5,797,217
Less: participating securities	(18,910)	(37,905)	(18,910)	(37,905)
Less: average unearned ESOP shares	(74,198)	(100,211)	(86,338)	(111,304)
Weighted average common shares outstanding	5,693,001	5,647,993	5,691,969	5,648,008
Basic earnings/(loss) per share (in dollars per share)	$ 0.23	$ 0.24	$ 0.37	$ 0.7
Weighted average common shares outstanding	5,693,001	5,647,993	5,691,969	5,648,008
Add: dilutive effects of assumed exercises of stock options	129,343	100,972	128,338	93,534
Average shares and dilutive potential common shares	5,822,344	5,748,965	5,820,307	5,741,542
Diluted earnings/(loss) per share (in dollars per share)	$ 0.22	$ 0.24	$ 0.36	$ 0.69

EARNINGS PER SHARE (EPS) (Det30

EARNINGS PER SHARE (EPS) (Detail Textuals) - shares	3 Months Ended	9 Months Ended
	Mar. 31, 2018	Mar. 31, 2018
Earnings Per Share [Abstract]
Antidilutive shares	22,400	22,400

SECURITIES AVAILABLE-FOR-SALE31

SECURITIES AVAILABLE-FOR-SALE (Details) - USD ($) $ in Thousands	Mar. 31, 2018	Jun. 30, 2017
Available-for-sale:
Amortized Cost	$ 121,994	$ 118,650
Gross Unrealized Gains	120	676
Gross Unrealized Losses	(3,024)	(992)
Available-for-sale Securities	119,090	118,334
FHLMC Common Stock Member
Available-for-sale:
Amortized Cost	20	20
Gross Unrealized Gains	90	162
Gross Unrealized Losses
Available-for-sale Securities	110	182
Certificates of Deposit [Member]
Available-for-sale:
Amortized Cost	5,983	6,230
Gross Unrealized Gains		16
Gross Unrealized Losses	(67)	(18)
Available-for-sale Securities	5,916	6,228
Municipal Securities [Member]
Available-for-sale:
Amortized Cost	43,830	39,847
Gross Unrealized Gains	12	296
Gross Unrealized Losses	(1,046)	(344)
Available-for-sale Securities	42,796	39,799
SBA Loan Pools [Member]
Available-for-sale:
Amortized Cost	427	563
Gross Unrealized Gains	2	2
Gross Unrealized Losses
Available-for-sale Securities	429	565
Collateralized Mortgage Obligations [Member]
Available-for-sale:
Amortized Cost	10,905	13,024
Gross Unrealized Gains
Gross Unrealized Losses	(391)	(239)
Available-for-sale Securities	10,514	12,785
US Government Agency Mortgage-Backed Securities [Member]
Available-for-sale:
Amortized Cost	46,798	44,884
Gross Unrealized Gains	16	185
Gross Unrealized Losses	(1,067)	(244)
Available-for-sale Securities	45,747	44,825
US Government Agencies Bonds [Member]
Available-for-sale:
Amortized Cost	14,031	14,082
Gross Unrealized Gains		15
Gross Unrealized Losses	(453)	(147)
Available-for-sale Securities	$ 13,578	$ 13,950

SECURITIES AVAILABLE-FOR-SALE32

SECURITIES AVAILABLE-FOR-SALE (Details 1) $ in Thousands		Mar. 31, 2018USD ($)Number	Jun. 30, 2017USD ($)Number
Investment Holdings [Line Items]
Less than 12 Months, Fair Value		$ 81,267	$ 65,475
Less than 12 Months, Unrealized Loss		$ (1,742)	$ (752)
Less than 12 Months, Number in Unrealized Loss | Number	[1]	160	98
12 Months or More, Fair Value		$ 32,241	$ 9,104
12 Months or More, Unrealized Loss		$ (1,282)	$ (240)
12 Months or More, Number in Unrealized Loss | Number	[1]	50	13
Total, Fair Value		$ 113,508	$ 74,579
Total, Unrealized Loss		$ (3,024)	$ (992)
Total, Number in Unrealized Loss | Number	[1]	210	111
Certificates of Deposit [Member]
Investment Holdings [Line Items]
Less than 12 Months, Fair Value		$ 5,667	$ 2,227
Less than 12 Months, Unrealized Loss		$ (67)	$ (18)
Less than 12 Months, Number in Unrealized Loss | Number	[1]	23	9
12 Months or More, Fair Value
12 Months or More, Unrealized Loss
12 Months or More, Number in Unrealized Loss | Number	[1]		0
Total, Fair Value		$ 5,667	$ 2,227
Total, Unrealized Loss		$ (67)	$ (18)
Total, Number in Unrealized Loss | Number	[1]	23	9
Municipal Securities [Member]
Investment Holdings [Line Items]
Less than 12 Months, Fair Value		$ 30,789	$ 18,331
Less than 12 Months, Unrealized Loss		$ (656)	$ (276)
Less than 12 Months, Number in Unrealized Loss | Number	[1]	81	41
12 Months or More, Fair Value		$ 8,689	$ 2,221
12 Months or More, Unrealized Loss		$ (390)	$ (68)
12 Months or More, Number in Unrealized Loss | Number	[1]	20	5
Total, Fair Value		$ 39,478	$ 20,552
Total, Unrealized Loss		$ (1,046)	$ (344)
Total, Number in Unrealized Loss | Number	[1]	101	46
Collateralized Mortgage Obligations [Member]
Investment Holdings [Line Items]
Less than 12 Months, Fair Value		$ 2,332	$ 7,833
Less than 12 Months, Unrealized Loss		$ (77)	$ (136)
Less than 12 Months, Number in Unrealized Loss | Number	[1]	3	9
12 Months or More, Fair Value		$ 8,182	$ 4,952
12 Months or More, Unrealized Loss		$ (314)	$ (103)
12 Months or More, Number in Unrealized Loss | Number	[1]	13	7
Total, Fair Value		$ 10,514	$ 12,785
Total, Unrealized Loss		$ (391)	$ (239)
Total, Number in Unrealized Loss | Number	[1]	16	16
US Government Agency Mortgage-Backed Securities [Member]
Investment Holdings [Line Items]
Less than 12 Months, Fair Value		$ 35,690	$ 29,057
Less than 12 Months, Unrealized Loss		$ (764)	$ (244)
Less than 12 Months, Number in Unrealized Loss | Number	[1]	45	31
12 Months or More, Fair Value		$ 8,582
12 Months or More, Unrealized Loss		$ (303)
12 Months or More, Number in Unrealized Loss | Number	[1]	11	0
Total, Fair Value		$ 44,272	$ 29,057
Total, Unrealized Loss		$ (1,067)	$ (244)
Total, Number in Unrealized Loss | Number	[1]	56	31
US Government Agencies Bonds [Member]
Investment Holdings [Line Items]
Less than 12 Months, Fair Value		$ 6,789	$ 8,027
Less than 12 Months, Unrealized Loss		$ (178)	$ (78)
Less than 12 Months, Number in Unrealized Loss | Number	[1]	8	8
12 Months or More, Fair Value		$ 6,788	$ 1,931
12 Months or More, Unrealized Loss		$ (275)	$ (69)
12 Months or More, Number in Unrealized Loss | Number	[1]	6	1
Total, Fair Value		$ 13,577	$ 9,958
Total, Unrealized Loss		$ (453)	$ (147)
Total, Number in Unrealized Loss | Number	[1]	14	9
[1]	Actual amounts.

SECURITIES AVAILABLE-FOR-SALE33

SECURITIES AVAILABLE-FOR-SALE (Details 2) - USD ($) $ in Thousands		Mar. 31, 2018	Jun. 30, 2017
Amortized Cost
Less than one year		$ 1,502	$ 2,989
Due from one to five years		19,004	17,196
Due after five years to ten years		32,300	30,084
Due after ten years		11,465	10,453
Mortgage-backed securities, CMOs and FHLMC stock	[1]	57,723	57,928
Total		121,994	118,650
Fair Value
Less than one year		1,501	2,990
Due from one to five years		18,688	17,183
Due after five years to ten years		31,431	30,045
Due after ten years		11,099	10,324
Mortgage-backed securities, CMOs and FHLMC stock	[1]	56,371	57,792
Total		$ 119,090	$ 118,334
[1]	Actual cash flows may differ from contractual maturities as borrowers may prepay obligations without prepayment penalty. FHLMC common stock is not scheduled because it has no contractual maturity date.

SECURITIES AVAILABLE-FOR-SALE34

SECURITIES AVAILABLE-FOR-SALE (Details 3) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Mar. 31, 2017	Mar. 31, 2018	Mar. 31, 2017
Available-for-sale:
Proceeds	$ 5,200	$ 3,997	$ 20,848
Gross gains	$ 3	11	$ 128
Gross losses		$ (1)

SECURITIES AVAILABLE-FOR-SALE35

SECURITIES AVAILABLE-FOR-SALE (Detail Textuals) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Mar. 31, 2017	Mar. 31, 2018	Mar. 31, 2017	Jun. 30, 2017
Investments, Debt and Equity Securities [Abstract]
Securities pledged to secure public deposits		$ 44,010		$ 6,069
Percentage holdings of securities greater than shareholders' equity		10.00%		10.00%
Tax provision related to net realized gains	$ 22	$ 3	$ 46

LOANS (Details)

LOANS (Details) - USD ($) $ in Thousands	Mar. 31, 2018	Jun. 30, 2017
Loans and Leases Receivable Disclosure [Line Items]
Total loans	$ 319,469	$ 307,558
Real Estate Portfolio Segment [Member]
Loans and Leases Receivable Disclosure [Line Items]
Total loans	313,843	302,489
Real Estate Portfolio Segment [Member] | Real Estate One to Four Family Loan [Member]
Loans and Leases Receivable Disclosure [Line Items]
Total loans	262,354	260,114
Real Estate Portfolio Segment [Member] | Real Estate Multi Family Loan [Member]
Loans and Leases Receivable Disclosure [Line Items]
Total loans	1,771	1,864
Real Estate Portfolio Segment [Member] | Home Equity Line of Credit [Member]
Loans and Leases Receivable Disclosure [Line Items]
Total loans	3,992	4,900
Real Estate Portfolio Segment [Member] | Commercial Real Estate [Member]
Loans and Leases Receivable Disclosure [Line Items]
Total loans	17,447	18,916
Real Estate Portfolio Segment [Member] | Real Estate Agricultural [Member]
Loans and Leases Receivable Disclosure [Line Items]
Total loans	1,315	1,441
Real Estate Portfolio Segment [Member] | Real Estate Construction and Land Loan [Member]
Loans and Leases Receivable Disclosure [Line Items]
Total loans	26,964	15,254
Commercial And Industrial Portfolio Segment Member
Loans and Leases Receivable Disclosure [Line Items]
Total loans	402	51
Consumer And Other Loans Portfolio Segment Member
Loans and Leases Receivable Disclosure [Line Items]
Total loans	$ 5,224	$ 5,018

LOANS (Details 1)

LOANS (Details 1) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Mar. 31, 2018	Mar. 31, 2017
Change in allowance for loan losses during the period
Beginning Balance	$ 1,032	$ 996	$ 1,016	$ 922
Provision	20	105	75	193
Charge-offs		(34)	(39)	(48)
Ending Balance	1,052	1,067	1,052	1,067
Consumer And Other Loans Portfolio Segment Member
Change in allowance for loan losses during the period
Beginning Balance		25	7	3
Provision		4	(6)	26
Charge-offs		(1)	(1)	(1)
Ending Balance		28		28
Commercial And Industrial Portfolio Segment Member
Change in allowance for loan losses during the period
Beginning Balance	4	5	4	6
Provision				(1)
Ending Balance	4	5	4	5
Real Estate Portfolio Segment [Member]
Change in allowance for loan losses during the period
Beginning Balance	1,028	966	1,005	913
Provision	20	101	81	168
Charge-offs		(33)	(38)	(47)
Ending Balance	1,048	1,034	1,048	1,034
Real Estate Portfolio Segment [Member] | Real Estate Construction and Land Loan [Member]
Change in allowance for loan losses during the period
Beginning Balance	73	39	35	39
Provision	(2)	9	61	9
Charge-offs			(25)
Ending Balance	71	48	71	48
Real Estate Portfolio Segment [Member] | Real Estate Agricultural [Member]
Change in allowance for loan losses during the period
Beginning Balance		2	1	5
Provision	1	(1)		(4)
Ending Balance	1	1	1	1
Real Estate Portfolio Segment [Member] | Commercial Real Estate [Member]
Change in allowance for loan losses during the period
Beginning Balance	59	124	63	130
Provision	4	5		13
Charge-offs				(14)
Ending Balance	63	129	63	129
Real Estate Portfolio Segment [Member] | Home Equity Line of Credit [Member]
Change in allowance for loan losses during the period
Beginning Balance	4	2	2	2
Provision	2		17
Charge-offs			(13)
Ending Balance	6	2	6	2
Real Estate Portfolio Segment [Member] | Real Estate Multi Family Loan [Member]
Change in allowance for loan losses during the period
Beginning Balance	4	4	4	4
Ending Balance	4	4	4	4
Real Estate Portfolio Segment [Member] | Real Estate One to Four Family Loan [Member]
Change in allowance for loan losses during the period
Beginning Balance	888	795	900	733
Provision	15	88	3	150
Charge-offs		(33)		(33)
Ending Balance	$ 903	$ 850	$ 903	$ 850

LOANS (Details 2)

LOANS (Details 2) - USD ($) $ in Thousands	Mar. 31, 2018	Jun. 30, 2017
Ending Allowance on Loans:
Individually Evaluated for Impairment		$ 8
Collectively Evaluated for Impairment	$ 1,052	1,008
Loans:
Individually Evaluated for Impairment	3,840	3,744
Collectively Evaluated for Impairment	315,629	303,814
Consumer And Other Loans Portfolio Segment Member
Ending Allowance on Loans:
Collectively Evaluated for Impairment		7
Loans:
Collectively Evaluated for Impairment	5,224	5,018
Commercial And Industrial Portfolio Segment Member
Ending Allowance on Loans:
Collectively Evaluated for Impairment	4	4
Loans:
Collectively Evaluated for Impairment	402	51
Real Estate Portfolio Segment [Member]
Ending Allowance on Loans:
Individually Evaluated for Impairment		8
Collectively Evaluated for Impairment	1,048	997
Loans:
Individually Evaluated for Impairment	3,840	3,744
Collectively Evaluated for Impairment	310,003	298,745
Real Estate Portfolio Segment [Member] | Real Estate Construction and Land Loan [Member]
Ending Allowance on Loans:
Collectively Evaluated for Impairment	71	35
Loans:
Individually Evaluated for Impairment	270	262
Collectively Evaluated for Impairment	26,694	14,992
Real Estate Portfolio Segment [Member] | Real Estate Agricultural [Member]
Ending Allowance on Loans:
Collectively Evaluated for Impairment	1	1
Loans:
Individually Evaluated for Impairment	427	448
Collectively Evaluated for Impairment	888	993
Real Estate Portfolio Segment [Member] | Commercial Real Estate [Member]
Ending Allowance on Loans:
Collectively Evaluated for Impairment	63	63
Loans:
Individually Evaluated for Impairment	685
Collectively Evaluated for Impairment	16,762	18,916
Real Estate Portfolio Segment [Member] | Home Equity Line of Credit [Member]
Ending Allowance on Loans:
Collectively Evaluated for Impairment	6	2
Loans:
Collectively Evaluated for Impairment	3,992	4,900
Real Estate Portfolio Segment [Member] | Real Estate Multi Family Loan [Member]
Ending Allowance on Loans:
Collectively Evaluated for Impairment	4	4
Loans:
Collectively Evaluated for Impairment	1,771	1,864
Real Estate Portfolio Segment [Member] | Real Estate One to Four Family Loan [Member]
Ending Allowance on Loans:
Individually Evaluated for Impairment		8
Collectively Evaluated for Impairment	903	892
Loans:
Individually Evaluated for Impairment	2,458	3,034
Collectively Evaluated for Impairment	$ 259,896	$ 257,080

LOANS (Details 3)

LOANS (Details 3) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Mar. 31, 2018	Jun. 30, 2017
With no recorded allowance:
Unpaid Principal Balance	$ 4,699	$ 3,993
Recorded Investment	3,840	2,777
Average Recorded Investment	3,310	2,757
Interest Income Recognized	74	272
With recorded allowance:
Unpaid Principal Balance		989
Recorded Investment		967
Related Allowance		4
Average Recorded Investment	484	1,808
Total:
Related Allowance		4
Real Estate Portfolio Segment [Member]
With no recorded allowance:
Unpaid Principal Balance	4,699	3,993
Recorded Investment	3,840	2,777
Average Recorded Investment	3,310	2,757
Interest Income Recognized	74	272
With recorded allowance:
Unpaid Principal Balance		989
Recorded Investment		967
Related Allowance		8
Average Recorded Investment	484	1,808
Total:
Related Allowance		8
Real Estate Portfolio Segment [Member] | Real Estate Construction and Land Loan [Member]
With no recorded allowance:
Unpaid Principal Balance	455	457
Recorded Investment	270	262
Average Recorded Investment	266	220
Interest Income Recognized	13	13
With recorded allowance:
Average Recorded Investment		174
Real Estate Portfolio Segment [Member] | Real Estate Agricultural [Member]
With no recorded allowance:
Unpaid Principal Balance	976	997
Recorded Investment	427	448
Average Recorded Investment	438	448
Interest Income Recognized	7	34
Real Estate Portfolio Segment [Member] | Commercial Real Estate [Member]
With no recorded allowance:
Unpaid Principal Balance	721
Recorded Investment	685
Average Recorded Investment	343	555
Interest Income Recognized	3
With recorded allowance:
Related Allowance		8
Average Recorded Investment		191
Total:
Unpaid Principal Balance	4,699	4,982
Recorded Investment	3,840	3,744
Related Allowance		8
Average Recorded Investment	3,794	4,565
Interest Income Recognized	74	272
Real Estate Portfolio Segment [Member] | Real Estate One to Four Family Loan [Member]
With no recorded allowance:
Unpaid Principal Balance	2,547	2,539
Recorded Investment	2,458	2,067
Average Recorded Investment	2,263	1,534
Interest Income Recognized	51	225
With recorded allowance:
Unpaid Principal Balance		989
Recorded Investment		967
Related Allowance		8
Average Recorded Investment	484	1,443
Total:
Unpaid Principal Balance	4,699	4,982
Recorded Investment	3,840	3,744
Related Allowance		8
Average Recorded Investment	3,794	4,565
Interest Income Recognized	$ 74	$ 272

LOANS (Details 4)

LOANS (Details 4) - USD ($) $ in Thousands	Mar. 31, 2018	Jun. 30, 2017
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	$ 8,240	$ 9,130
Current	311,229	298,428
Total loans	319,469	307,558
Nonaccrual loans	5,252	3,483
Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	5,814	6,354
Financing Receivables, 60 to 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	1,634	1,601
Financing Receivables, 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	792	1,175
Consumer And Other Loans Portfolio Segment Member
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	2	11
Current	5,222	5,007
Total loans	5,224	5,018
Consumer And Other Loans Portfolio Segment Member | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		10
Consumer And Other Loans Portfolio Segment Member | Financing Receivables, 60 to 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	2	1
Commercial And Industrial Portfolio Segment Member
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	402	51
Total loans	402	51
Real Estate Portfolio Segment [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	8,238	9,119
Current	305,605	293,370
Total loans	313,843	302,489
Nonaccrual loans	5,252	3,483
Real Estate Portfolio Segment [Member] | Real Estate Construction and Land Loan [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	435	75
Current	26,529	15,179
Total loans	26,964	15,254
Nonaccrual loans	292	75
Real Estate Portfolio Segment [Member] | Real Estate Agricultural [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		448
Current	1,315	993
Total loans	1,315	1,441
Nonaccrual loans	463	514
Real Estate Portfolio Segment [Member] | Commercial Real Estate [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	351	43
Current	17,096	18,873
Total loans	17,447	18,916
Nonaccrual loans	930	43
Real Estate Portfolio Segment [Member] | Home Equity Line of Credit [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	210	201
Current	3,782	4,699
Total loans	3,992	4,900
Nonaccrual loans	80	89
Real Estate Portfolio Segment [Member] | Real Estate Multi Family Loan [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	1,771	1,864
Total loans	1,771	1,864
Real Estate Portfolio Segment [Member] | Real Estate One to Four Family Loan [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	7,242	8,352
Current	255,112	251,762
Total loans	262,354	260,114
Nonaccrual loans	3,487	2,762
Real Estate Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	5,814	6,344
Real Estate Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Real Estate Construction and Land Loan [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	130	40
Real Estate Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Commercial Real Estate [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	351
Real Estate Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Home Equity Line of Credit [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	159	161
Real Estate Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Real Estate One to Four Family Loan [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	5,174	6,143
Real Estate Portfolio Segment [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	1,632	1,600
Real Estate Portfolio Segment [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | Real Estate Construction and Land Loan [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	35
Real Estate Portfolio Segment [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | Real Estate Agricultural [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		448
Real Estate Portfolio Segment [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | Commercial Real Estate [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		43
Real Estate Portfolio Segment [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | Home Equity Line of Credit [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	11
Real Estate Portfolio Segment [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | Real Estate One to Four Family Loan [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	1,586	1,109
Real Estate Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	792	1,175
Real Estate Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | Real Estate Construction and Land Loan [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	270	35
Real Estate Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | Home Equity Line of Credit [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	40	40
Real Estate Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | Real Estate One to Four Family Loan [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	$ 482	$ 1,100

LOANS (Details 5)

LOANS (Details 5) - USD ($) $ in Thousands	Mar. 31, 2018	Jun. 30, 2017
Financing Receivable, Recorded Investment [Line Items]
Loans, gross amount	$ 319,469	$ 307,558
Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans, gross amount
Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans, gross amount	8,487	7,768
Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans, gross amount	4,831	4,621
Pass Watch [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans, gross amount	8,777	10,977
Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans, gross amount	297,374	284,192
Consumer And Other Loans Portfolio Segment Member
Financing Receivable, Recorded Investment [Line Items]
Loans, gross amount	5,224	5,018
Consumer And Other Loans Portfolio Segment Member | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans, gross amount
Consumer And Other Loans Portfolio Segment Member | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans, gross amount		1
Consumer And Other Loans Portfolio Segment Member | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans, gross amount
Consumer And Other Loans Portfolio Segment Member | Pass Watch [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans, gross amount
Consumer And Other Loans Portfolio Segment Member | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans, gross amount	5,224	5,017
Commercial And Industrial Portfolio Segment Member
Financing Receivable, Recorded Investment [Line Items]
Loans, gross amount	402	51
Commercial And Industrial Portfolio Segment Member | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans, gross amount
Commercial And Industrial Portfolio Segment Member | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans, gross amount
Commercial And Industrial Portfolio Segment Member | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans, gross amount
Commercial And Industrial Portfolio Segment Member | Pass Watch [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans, gross amount
Commercial And Industrial Portfolio Segment Member | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans, gross amount	402	51
Real Estate Portfolio Segment [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans, gross amount	313,843	302,489
Real Estate Portfolio Segment [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans, gross amount
Real Estate Portfolio Segment [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans, gross amount	8,487	7,767
Real Estate Portfolio Segment [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans, gross amount	4,831	4,621
Real Estate Portfolio Segment [Member] | Pass Watch [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans, gross amount	8,777	10,977
Real Estate Portfolio Segment [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans, gross amount	291,748	279,124
Real Estate Portfolio Segment [Member] | Real Estate Construction and Land Loan [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans, gross amount	26,964	15,254
Real Estate Portfolio Segment [Member] | Real Estate Construction and Land Loan [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans, gross amount
Real Estate Portfolio Segment [Member] | Real Estate Construction and Land Loan [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans, gross amount	520	561
Real Estate Portfolio Segment [Member] | Real Estate Construction and Land Loan [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans, gross amount	116	120
Real Estate Portfolio Segment [Member] | Real Estate Construction and Land Loan [Member] | Pass Watch [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans, gross amount	809	846
Real Estate Portfolio Segment [Member] | Real Estate Construction and Land Loan [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans, gross amount	25,519	13,727
Real Estate Portfolio Segment [Member] | Real Estate Agricultural [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans, gross amount	1,315	1,441
Real Estate Portfolio Segment [Member] | Real Estate Agricultural [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans, gross amount
Real Estate Portfolio Segment [Member] | Real Estate Agricultural [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans, gross amount	463	514
Real Estate Portfolio Segment [Member] | Real Estate Agricultural [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans, gross amount	264	272
Real Estate Portfolio Segment [Member] | Real Estate Agricultural [Member] | Pass Watch [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans, gross amount	356	374
Real Estate Portfolio Segment [Member] | Real Estate Agricultural [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans, gross amount	232	281
Real Estate Portfolio Segment [Member] | Commercial Real Estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans, gross amount	17,447	18,916
Real Estate Portfolio Segment [Member] | Commercial Real Estate [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans, gross amount
Real Estate Portfolio Segment [Member] | Commercial Real Estate [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans, gross amount	1,055	149
Real Estate Portfolio Segment [Member] | Commercial Real Estate [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans, gross amount	1,312	1,356
Real Estate Portfolio Segment [Member] | Commercial Real Estate [Member] | Pass Watch [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans, gross amount	1,829	3,610
Real Estate Portfolio Segment [Member] | Commercial Real Estate [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans, gross amount	13,251	13,801
Real Estate Portfolio Segment [Member] | Home Equity Line of Credit [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans, gross amount	3,992	4,900
Real Estate Portfolio Segment [Member] | Home Equity Line of Credit [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans, gross amount
Real Estate Portfolio Segment [Member] | Home Equity Line of Credit [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans, gross amount	93	95
Real Estate Portfolio Segment [Member] | Home Equity Line of Credit [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans, gross amount	213	300
Real Estate Portfolio Segment [Member] | Home Equity Line of Credit [Member] | Pass Watch [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans, gross amount	282	233
Real Estate Portfolio Segment [Member] | Home Equity Line of Credit [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans, gross amount	3,404	4,272
Real Estate Portfolio Segment [Member] | Real Estate Multi Family Loan [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans, gross amount	1,771	1,864
Real Estate Portfolio Segment [Member] | Real Estate Multi Family Loan [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans, gross amount
Real Estate Portfolio Segment [Member] | Real Estate Multi Family Loan [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans, gross amount
Real Estate Portfolio Segment [Member] | Real Estate Multi Family Loan [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans, gross amount
Real Estate Portfolio Segment [Member] | Real Estate Multi Family Loan [Member] | Pass Watch [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans, gross amount
Real Estate Portfolio Segment [Member] | Real Estate Multi Family Loan [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans, gross amount	1,771	1,864
Real Estate Portfolio Segment [Member] | Real Estate One to Four Family Loan [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans, gross amount	262,354	260,114
Real Estate Portfolio Segment [Member] | Real Estate One to Four Family Loan [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans, gross amount
Real Estate Portfolio Segment [Member] | Real Estate One to Four Family Loan [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans, gross amount	6,356	6,448
Real Estate Portfolio Segment [Member] | Real Estate One to Four Family Loan [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans, gross amount	2,926	2,573
Real Estate Portfolio Segment [Member] | Real Estate One to Four Family Loan [Member] | Pass Watch [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans, gross amount	5,501	5,914
Real Estate Portfolio Segment [Member] | Real Estate One to Four Family Loan [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans, gross amount	$ 247,571	$ 245,179

LOANS (Detail Textuals)

LOANS (Detail Textuals) $ in Thousands	9 Months Ended
	Mar. 31, 2018USD ($)Loan	Jun. 30, 2017USD ($)Loan
Financing Receivable, Recorded Investment, Past Due [Line Items]
Allowance for loan losses | $	$ 0	$ 8
Recorded investment in troubled debt restructuring | $	$ 3,096	$ 1,619
Real Estate Portfolio Segment [Member] | Real Estate One to Four Family Loan [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Number of trouble debt restructuring loans	4	2
Consumer mortgage loans secured by residential real estate properties in formal foreclosure proceedings | $	$ 375
Loan-to-value ratio for owner-occupied loans (as a percent)	80.00%
Loan to value ratios if borrower obtains mortgage insurance or provides readily marketable collateral	80.00%
Loan to value ratios for non owner occupied homes	80.00%
Maximum loan to value ratios for manufactured or modular homes	75.00%
Real Estate Portfolio Segment [Member] | Real Estate Construction and Land Loan [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Number of trouble debt restructuring loans	1	1
Real Estate Portfolio Segment [Member] | Real Estate Construction and Land Loan [Member] | Maximum [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loan-to-value ratio for owner-occupied loans (as a percent)	80.00%
Loan to value ratio	85.00%
Real Estate Portfolio Segment [Member] | Real Estate Multi Family Loan [Member] | Maximum [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans made as a percentage of lesser of appraised value or purchase price	75.00%
Term of home equity loans	5 years
Amortization period of financing receivable	30 years
Real Estate Portfolio Segment [Member] | Home Equity Line of Credit [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Number of trouble debt restructuring loans		1
Term of home equity loans	10 years
Loan to value ratio	80.00%
Real Estate Portfolio Segment [Member] | Home Equity Line of Credit [Member] | Maximum [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Term of home equity loans	10 years
Amortization period of financing receivable	20 years
Real Estate Portfolio Segment [Member] | Real Estate Agricultural [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Number of trouble debt restructuring loans	2	2
Real Estate Portfolio Segment [Member] | Real Estate Agricultural [Member] | Maximum [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Amortization period of financing receivable	20 years
Loan to value ratio	75.00%
Term of agricultural loans	20 years
Real Estate Portfolio Segment [Member] | Real Estate Agricultural [Member] | Minimum [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Term of agricultural loans	5 years
Consumer And Other Loans Portfolio Segment Member | Maximum [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Term of financing receivable for unsecured loans	18 months
Term of financing receivable for secured by vehicle	60 months
Consumer And Other Loans Portfolio Segment Member | Minimum [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Term of financing receivable for secured by vehicle	18 months
Acquired Loans [Member] | Real Estate Portfolio Segment [Member] | Commercial Real Estate [Member] | Maximum [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Amortization period of financing receivable	20 years
Term of non residential real estate loans	20 years
Loan to value ratio	75.00%
Acquired Loans [Member] | Real Estate Portfolio Segment [Member] | Commercial Real Estate [Member] | Minimum [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Term of non residential real estate loans	5 years

BORROWINGS (Details Textuals)

BORROWINGS (Details Textuals) $ in Thousands	9 Months Ended
	Mar. 31, 2018USD ($)
Banking and Thrift [Abstract]
FHLB Advances	$ 13,000
Stated percentage of Federal Home Loan Bank Advances	1.67%
Federal Home Loan Bank advance mature period	Less than three months.
Federal Home Loan Bank with remaining availability	$ 107,707

FAIR VALUE OF FINANCIAL INSTR44

FAIR VALUE OF FINANCIAL INSTRUMENTS (Details) - USD ($) $ in Thousands	Mar. 31, 2018	Jun. 30, 2017
Financial assets:
Securities available-for-sale	$ 119,090	$ 118,334
Level 2 [Member]
Financial assets:
Securities available-for-sale	119,090	118,334
Level 3 [Member]
Financial assets:
Loan servicing rights	1,099	1,141
FHLMC Common Stock Member
Financial assets:
Securities available-for-sale	110	182
Certificates of Deposit [Member]
Financial assets:
Securities available-for-sale	5,916	6,228
Municipal Securities [Member]
Financial assets:
Securities available-for-sale	42,796	39,799
SBA Loan Pools [Member]
Financial assets:
Securities available-for-sale	429	565
Collateralized Mortgage Obligations [Member]
Financial assets:
Securities available-for-sale	10,514	12,785
US Government Agency Mortgage-Backed Securities [Member]
Financial assets:
Securities available-for-sale	45,747	44,825
US Government Agencies Bonds [Member]
Financial assets:
Securities available-for-sale	13,578	13,950
Fair Value, Measurements, Recurring [Member] | Level 2 [Member]
Financial assets:
Securities available-for-sale	119,090	118,334
Total financial assets	119,090	118,334
Fair Value, Measurements, Recurring [Member] | Level 3 [Member]
Financial assets:
Loan servicing rights	1,099	1,141
Total financial assets	1,099	1,141
Fair Value, Measurements, Recurring [Member] | FHLMC Common Stock Member | Level 2 [Member]
Financial assets:
Securities available-for-sale	110	182
Fair Value, Measurements, Recurring [Member] | Certificates of Deposit [Member] | Level 2 [Member]
Financial assets:
Securities available-for-sale	5,916	6,228
Fair Value, Measurements, Recurring [Member] | Municipal Securities [Member] | Level 2 [Member]
Financial assets:
Securities available-for-sale	42,796	39,799
Fair Value, Measurements, Recurring [Member] | SBA Loan Pools [Member] | Level 2 [Member]
Financial assets:
Securities available-for-sale	429	565
Fair Value, Measurements, Recurring [Member] | Collateralized Mortgage Obligations [Member] | Level 2 [Member]
Financial assets:
Securities available-for-sale	10,514	12,785
Fair Value, Measurements, Recurring [Member] | US Government Agency Mortgage-Backed Securities [Member] | Level 2 [Member]
Financial assets:
Securities available-for-sale	45,747	44,825
Fair Value, Measurements, Recurring [Member] | US Government Agencies Bonds [Member] | Level 2 [Member]
Financial assets:
Securities available-for-sale	$ 13,578	$ 13,950

FAIR VALUE OF FINANCIAL INSTR45

FAIR VALUE OF FINANCIAL INSTRUMENTS (Details 1) - Fair Value, Measurements, Nonrecurring [Member] - Level 3 [Member] - USD ($) $ in Thousands	Mar. 31, 2018	Jun. 30, 2017
Impaired real estate loans, with specific allocations:
Total financial assets		$ 959
Real estate owned, net:
Total non-financial assets	$ 850	865
Total assets measured at fair value on a non-recurring basis	850	1,824
Impaired Financing Receivable [Member] | Real Estate One to Four Family Loan [Member]
Impaired real estate loans, with specific allocations:
Total financial assets		959
Real estate owned, net:
Total non-financial assets	137	152
Impaired Financing Receivable [Member] | Nonresidential [Member]
Real estate owned, net:
Total non-financial assets	$ 713	$ 713

FAIR VALUE OF FINANCIAL INSTR46

FAIR VALUE OF FINANCIAL INSTRUMENTS (Details 2) - Fair Value, Measurements, Recurring [Member] - Level 3 [Member] - Loan Servicing Rights [Member] - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Mar. 31, 2018	Mar. 31, 2017
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance at beginning of period:	$ 1,024	$ 1,219	$ 1,141	$ 1,046
Change in fair value	75	(3)	(42)	170
Balance at end of period:	$ 1,099	$ 1,216	$ 1,099	$ 1,216

FAIR VALUE OF FINANCIAL INSTR47

FAIR VALUE OF FINANCIAL INSTRUMENTS (Details 3) - USD ($) $ in Thousands	9 Months Ended
	Mar. 31, 2018	Jun. 30, 2017
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Real estate owned	$ 850	$ 865
Level 3 [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Loan servicing rights	1,099	1,141
Impaired real estate loans net, with specific allocations	$ 314,322	307,624
Fair Value, Measurements, Nonrecurring [Member] | Level 3 [Member] | Discounted Cash Flows [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Loan servicing rights		1,141
Fair Value, Measurements, Nonrecurring [Member] | Level 3 [Member] | Discounted Cash Flows [Member] | Minimum [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Discount rate, estimated timing of cash flows	9.00%
Fair Value, Measurements, Nonrecurring [Member] | Level 3 [Member] | Discounted Cash Flows [Member] | Maximum [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Discount rate, estimated timing of cash flows	11.00%
Fair Value, Measurements, Nonrecurring [Member] | Level 3 [Member] | Market Approach Valuation Technique [Member] | Real Estate One to Four Family Loan [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Real estate owned		152
Fair Value, Measurements, Nonrecurring [Member] | Level 3 [Member] | Market Approach Valuation Technique [Member] | Real Estate One to Four Family Loan [Member] | Minimum [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Discount rate, estimated timing of cash flows	0.00%
Fair Value, Measurements, Nonrecurring [Member] | Level 3 [Member] | Market Approach Valuation Technique [Member] | Real Estate One to Four Family Loan [Member] | Maximum [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Discount rate, estimated timing of cash flows	20.00%
Fair Value, Measurements, Nonrecurring [Member] | Level 3 [Member] | Market Approach Valuation Technique [Member] | Real Estate One to Four Family Loan [Member] | Impaired Financing Receivable [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Impaired real estate loans net, with specific allocations		959
Fair Value, Measurements, Nonrecurring [Member] | Level 3 [Member] | Market Approach Valuation Technique [Member] | Real Estate One to Four Family Loan [Member] | Impaired Financing Receivable [Member] | Minimum [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Discount rate, estimated timing of cash flows	0.00%
Fair Value, Measurements, Nonrecurring [Member] | Level 3 [Member] | Market Approach Valuation Technique [Member] | Real Estate One to Four Family Loan [Member] | Impaired Financing Receivable [Member] | Maximum [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Discount rate, estimated timing of cash flows	30.00%
Fair Value, Measurements, Nonrecurring [Member] | Level 3 [Member] | Market Approach Valuation Technique [Member] | Nonresidential [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Real estate owned		$ 713
Fair Value, Measurements, Nonrecurring [Member] | Level 3 [Member] | Market Approach Valuation Technique [Member] | Nonresidential [Member] | Minimum [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Discount rate, estimated timing of cash flows	0.00%
Fair Value, Measurements, Nonrecurring [Member] | Level 3 [Member] | Market Approach Valuation Technique [Member] | Nonresidential [Member] | Maximum [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Discount rate, estimated timing of cash flows	20.00%

FAIR VALUE OF FINANCIAL INSTR48

FAIR VALUE OF FINANCIAL INSTRUMENTS (Details 4) - USD ($) $ in Thousands		Mar. 31, 2018	Jun. 30, 2017
Financial assets
Securities available-for-sale		$ 119,090	$ 118,334
Level 1 [Member]
Financial liabilities
Deposits		172,575	190,968
Level 2 [Member]
Financial assets
Securities available-for-sale		119,090	118,334
Financial liabilities
Deposits		207,252	203,656
FHLB Advances		12,996
Level 3 [Member]
Financial assets
Loans, net		314,322	307,624
Loans held for sale	[1]	178	245
Loan servicing rights		1,099	1,141
Carrying Amount [Member]
Financial assets
Securities available-for-sale		119,090	118,334
Loans, net		318,417	306,542
Loans held for sale	[1]	178	245
Loan servicing rights		1,099	1,141
Restricted equity securities		1,575	1,023
Financial liabilities
Deposits		384,075	394,505
FHLB Advances		13,000
Total Fair Value [Member]
Financial assets
Securities available-for-sale		119,090	118,334
Loans, net		314,322	307,624
Loans held for sale	[1]	178	245
Loan servicing rights		1,099	1,141
Financial liabilities
Deposits		379,827	$ 394,624
FHLB Advances		$ 12,996
[1]	Loans held for sale are carried at the lower of cost or fair value, which is evaluated on a pool-level basis. The fair value of loans held for sale is determined using quoted prices for similar assets, adjusted for specific attributes of that loan or other observable market data, such as outstanding commitments from third party investors and result in a Level 3 classification.

FAIR VALUE OF FINANCIAL INSTR49

FAIR VALUE OF FINANCIAL INSTRUMENTS (Detail Textuals) - USD ($) $ in Thousands	Mar. 31, 2018	Jun. 30, 2017
Fair Value Disclosures [Abstract]
Carrying amount of impaired loans		$ 959
Valuation allowances of impaired loans		4
Carrying value of real estate owned	$ 850	865
Real estate owned, valuation allowance	$ 0	$ 24

EMPLOYEE STOCK OWNERSHIP PLAN50

EMPLOYEE STOCK OWNERSHIP PLAN (Details) - USD ($) $ in Thousands	Mar. 31, 2018	Jun. 30, 2017
Shares held by the ESOP
Committed to be released to participants	5,384	11,441
Allocated to participants	130,249	130,952
Unearned	83,056	89,620
Total ESOP shares	218,689	232,013
Fair value of unearned shares	$ 2,393	$ 2,465

EMPLOYEE STOCK OWNERSHIP PLAN51

EMPLOYEE STOCK OWNERSHIP PLAN (Detail Textuals) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Mar. 31, 2018	Mar. 31, 2017	Mar. 31, 2017	Jun. 30, 2011
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Employee stock ownership plan, employer loan for shares (in shares)						248,842
Common stock share price (in dollars per share)						$ 10
Additional compensation expense			$ 0	$ 88
ESOP compensation expense recognized	$ 76	$ 107	$ 379	$ 380
Amount of discretionary contributions					$ 50

STOCK BASED COMPENSATION (Detai

STOCK BASED COMPENSATION (Details) - Employee and Directors Stock Options [Member] $ / shares in Units, $ in Thousands	9 Months Ended
	Mar. 31, 2018USD ($)$ / sharesshares
Options
Outstanding - July 1, 2017 (in shares)	261,986
Granted (in shares)	22,400
Outstanding - March 31, 2018 9 (in shares)	284,386
Fully vested and exercisable at March 31, 2018 (in shares)	221,968
Expected to vest in future periods (in shares)	62,418
Fully vested and expected to vest - March 31, 2018 (in shares)	284,386
Weighted-Average Exercise Price/Share
Outstanding - July 1, 2017 (in dollars per share) | $ / shares	$ 12.46
Granted (in dollars per share) | $ / shares	29.33
Outstanding - March 31, 2018 (in dollars per share) | $ / shares	13.79
Fully vested and exercisable at March 31, 2018 (in dollars per share) | $ / shares	11.97
Fully vested and expected to vest - March 31, 2018 (in dollars per share) | $ / shares	$ 13.79
Aggregate Intrinsic Value
Outstanding - March 31, 2018 | $	$ 4,272	[1]
Fully vested and exercisable at March 31, 2018 | $	3,737	[1]
Fully vested and expected to vest - March 31, 2018 | $	$ 4,272	[1]
[1]	The intrinsic value for stock options is defined as the difference between the current market value and the exercise price. The current market price was based on the closing price of common stock of $28.81 per share on March 31, 2018.

STOCK BASED COMPENSATION (Det53

STOCK BASED COMPENSATION (Details 1) - Employee and Directors Stock Options [Member] - Weighted Average [Member]	9 Months Ended
	Mar. 31, 2018$ / shares
Weighted average assumptions
Risk-free interest rate (as a percent)	2.43%
Expected dividend yield (as a percent)	1.36%
Expected stock volatility (as a percent)	15.03%
Expected life (years)	8 years
Fair value (in dollars per share)	$ 5.41

STOCK BASED COMPENSATION (Det54

STOCK BASED COMPENSATION (Details 2) - Restricted Stock [Member]	9 Months Ended
	Mar. 31, 2018$ / sharesshares
Non-vested stock activity
Balance - beginning of year (in shares)	21,910
Granted (in shares)
Forfeited (in shares)
Vested (in shares)	(3,000)
Balance - end of period (in shares)	18,910
Weighted average grant date fair value (in dollars per share) | $ / shares	$ 13.09

STOCK BASED COMPENSATION (Det55

STOCK BASED COMPENSATION (Detail Textuals) - USD ($) $ / shares in Units, $ in Thousands	Dec. 22, 2017	Mar. 31, 2018	Mar. 31, 2017	Mar. 31, 2018	Mar. 31, 2017	Apr. 05, 2012
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense				$ 0	$ 88
Closing price of common stock (in dollars per share)		$ 28.81		$ 28.81
Common Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares authorized (in shares)						435,472
Employee and Directors Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares authorized (in shares)						311,052
Granted (in shares)				22,400
Options earned (in shares)				12,018	35,367
Stock-based compensation expense		$ 10	$ 14	$ 23	$ 42
Total unrecognized compensation cost related to stock options		175		$ 175
Expected period for recognition				3 years 9 months 18 days
Employee and Directors Stock Options [Member] | Officer [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares)	22,400
Expiration period	7 years
Employee and Directors Stock Options [Member] | Maximum [Member] | Officer [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	7 years
Employee and Directors Stock Options [Member] | Minimum [Member] | Officer [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	5 years
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense		25	$ 60	$ 75	$ 183
Unrecognized compensation expense for nonvested restricted stock awards		$ 264		$ 264
Expected period for recognition				3 years
Restricted Stock [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares authorized (in shares)						124,420
Restricted Stock [Member] | Maximum [Member] | Officer [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	7 years
Restricted Stock [Member] | Minimum [Member] | Officer [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	5 years

LOAN SERVICING RIGHTS (Details)

LOAN SERVICING RIGHTS (Details) - USD ($) $ in Thousands	Mar. 31, 2018	Jun. 30, 2017
US Government Agency Mortgage-Backed Securities [Member]
Mortgage loan portfolio serviced: FHLMC	$ 99,851	$ 110,171

LOAN SERVICING RIGHTS (Details

LOAN SERVICING RIGHTS (Details 1) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Mar. 31, 2018	Mar. 31, 2017
Loan servicing rights:
Beginning of period:	$ 1,024	$ 1,219	$ 1,141	$ 1,046
Change in fair value	75	(3)	(42)	170
End of period:	$ 1,099	$ 1,216	$ 1,099	$ 1,216

LOAN SERVICING RIGHTS (Detail T

LOAN SERVICING RIGHTS (Detail Textuals) - USD ($) $ in Thousands	9 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Jun. 30, 2017
Servicing Assets at Fair Value [Line Items]
Discount rate	10.13%	9.75%
Weighted average default rate	0.50%	0.61%
Custodial escrow balances	$ 607		$ 893
Maximum [Member]
Servicing Assets at Fair Value [Line Items]
Prepayment speed assumption	9.80%	11.80%
Minimum [Member]
Servicing Assets at Fair Value [Line Items]
Prepayment speed assumption	4.70%	5.00%

SUPPLEMENTAL CASH FLOW INFORM59

SUPPLEMENTAL CASH FLOW INFORMATION (Details) - USD ($) $ in Thousands	9 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Cash paid during the period for:
Interest paid	$ 1,266	$ 970
Income taxes paid	328	1,280
Supplemental noncash disclosures:
Transfers from loans to real estate owned	$ 230	$ 277

SUBSEQUENT EVENTS (Detail Textu

SUBSEQUENT EVENTS (Detail Textuals) - $ / shares	Apr. 26, 2018	Mar. 31, 2018	Mar. 31, 2017	Mar. 31, 2018	Mar. 31, 2017
Dividends declared per share (in dollars per share)		$ 0.1	$ 0.1	$ 0.3	$ 0.3
Subsequent Event [Member]
Dividends declared per share (in dollars per share)	$ 0.10
Dividends payable, date declared	Apr. 26, 2018
Dividends payable, date of record	May 10, 2018
Dividends payable, date to be paid	May 24, 2018