Oconee Federal Financial (OFED) 10-Q 23 Feb 15 2015 Q2 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	6 Months Ended
	Dec. 31, 2014	Feb. 19, 2014
Document and Entity Information [Abstract]
Entity Registrant Name	Oconee Federal Financial Corp.
Entity Central Index Key	1501078
Trading Symbol	ofed
Current Fiscal Year End Date	-24
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		5,871,340
Document Type	10-Q
Document Period End Date	31-Dec-14
Amendment Flag	FALSE
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	Q2

CONSOLIDATED_BALANCE_SHEETS

CONSOLIDATED BALANCE SHEETS (USD $)	Dec. 31, 2014	Jun. 30, 2014
In Thousands, unless otherwise specified
ASSETS
Cash and due from banks	$2,081	$1,365	[1]
Interest-bearing deposits	19,220	10,525	[1]
Total cash and cash equivalents	21,301	11,890	[1]
Securities available-for-sale	104,699	103,806	[1]
Loans	330,902	230,786	[1]
Allowance for loan losses	-864	-855	[1]
Net loans	330,038	229,931	[1]
Loans held for sale	591		[1]
Premises and equipment, net	7,086	2,993	[1]
Real estate owned, net	3,234	744	[1]
Accrued interest receivable
Loans	1,199	811	[1]
Investments	281	251	[1]
Restricted equity securities	467	325	[1]
Bank owned life insurance	8,897	8,758	[1]
Goodwill	3,658		[1]
Loan servicing rights	1,341		[1]
Deferred tax assets	4,672	650	[1]
Other assets	524	342	[1]
Total assets	487,988	360,501	[1]
Deposits
Non-interest bearing	18,036	7,075	[1]
Interest bearing	389,319	273,940	[1]
Total deposits	407,355	281,015	[1]
Accrued interest payable and other liabilities	1,333	2,505	[1]
Total liabilities	408,688	283,520	[1]
SHAREHOLDERS' EQUITY
Common stock, $0.01 par value, 100,000,000 shares authorized; 5,871,340 and 5,834,395 shares outstanding, respectively	65	64	[1]
Treasury stock, at par 600,699 shares	-6	-6	[1]
Additional paid-in capital	13,161	12,186	[1]
Retained earnings	67,715	66,705	[1]
Accumulated other comprehensive income (loss)	11	-147	[1]
Unearned ESOP shares	-1,646	-1,821	[1]
Total shareholders' equity	79,300	76,981	[1]
Total liabilities and shareholders' equity	$487,988	$360,501	[1]
[1]	Derived from audited consolidated financial statements

CONSOLIDATED_BALANCE_SHEETS_Pa

CONSOLIDATED BALANCE SHEETS (Parentheticals) (USD $)	Dec. 31, 2014	Jun. 30, 2014
CONSOLIDATED BALANCE SHEETS
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 outstanding	5,871,340	5,834,395
Treasury stock, shares	600,699	600,699

CONSOLIDATED_STATEMENTS_OF_INC

CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (Unaudited) (USD $)	3 Months Ended		6 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2014	Dec. 31, 2013
Interest and dividend income:
Loans, including fees	$3,337	$2,870	$6,224	$5,722
Securities, taxable	370	381	751	751
Securities, tax-exempt	40		76
Interest-bearing deposits and other	16	15	54	29
Total interest income	3,763	3,266	7,105	6,502
Interest expense:
Deposits	315	383	623	811
Total interest expense	315	383	623	811
Net interest income	3,448	2,883	6,482	5,691
Provision for loan losses	9	-40	9	41
Net interest income after provision for loan losses	3,439	2,923	6,473	5,650
Noninterest income:
Service charges on deposit accounts	81	19	100	37
Income on bank owned life insurance	72	76	139	154
Mortgage banking income	34		34
Gain on sales of securities	24	145	29	145
Gain (loss) on sales of real estate owned	44		36	-14
Other	2		3	-2
Total noninterest income	257	240	341	320
Noninterest expense:
Salaries and employee benefits	1,232	995	2,142	1,855
Occupancy and equipment	230	165	397	320
Data processing	107	66	174	129
Professional and supervisory fees	216	144	329	255
Office expense	44	27	87	51
Advertising	20	17	42	38
FDIC deposit insurance	38	39	77	79
Provision for real estate owned and related expenses	20	20	39	53
Other	83	108	178	177
Total noninterest expense	1,990	1,581	3,465	2,957
Income before income taxes	1,706	1,582	3,349	3,013
Income tax expense	659	568	1,215	1,081
Net income	1,047	1,014	2,134	1,932
Other comprehensive income (loss)
Unrealized gain (loss) on securities available-for-sale	529	-840	286	-849
Tax effect	-201	320	-110	323
Reclassification adjustment for gains realized in net income	-24	-63	-29	-63
Tax effect	9	24	11	24
Total other comprehensive gain (loss)	313	-559	158	-565
Comprehensive income	$1,360	$455	$2,292	$1,367
Basic net income per share: (Note 2) (in dollars per share)	$0.18	$0.18	$0.38	$0.34
Diluted net income per share: (Note 2) (in dollars per share)	$0.18	$0.18	$0.37	$0.34
Dividends declared per share: (in dollars per share)	$0.10	$0.10	$0.20	$0.20

CONSOLIDATED_STATEMENTS_OF_CHA

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (Unaudited) (USD $)		Common Stock	Treasury Stock	Additional Paid-In Capital	Retained Earnings	Accumulated Other Comprehensive Income (loss)	Unearned ESOP Shares	Total
In Thousands, unless otherwise specified
Balance at Jun. 30, 2013		$64	($5)	$13,413	$65,315	($559)	($2,066)	$76,162
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income					1,932			1,932
Other comprehensive income (loss)						-565		-565
Transfers of securities from classified as held-to-maturity to available-for-sale						28		28
Purchase of 89,900 shares of treasury stock	[1]		-1	-1,423				-1,424
Issuance of 12,600 shares of restricted stock	[2]
Stock-based compensation expense				119				119
Dividends	[3],[4]			14	-1,082			-1,068
ESOP shares earned	[4]			78			151	229
Balance at Dec. 31, 2013		64	-6	12,201	66,165	-1,096	-1,915	75,413
Balance at Jun. 30, 2014		64	-6	12,186	66,705	-147	-1,821	76,981	[5]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income					2,134			2,134
Other comprehensive income (loss)						158		158
Stock-based compensation expense				132				132
Common stock issued, 36,945 shares	[6]	1		699				700
Dividends	[7],[8]			25	-1,124			-1,099
ESOP shares earned	[7]			119			175	294
Balance at Dec. 31, 2014		$65	($6)	$13,161	$67,715	$11	($1,646)	$79,300
[1]	The weighted average cost of treasury shares purchased during the six months ended was $15.85 per share. Treasury stock repurchases were accounted for using the par value method.
[2]	On November 13, 2013, the Company granted 12,600 shares of restricted stock. The grant date fair value of these shares was $17.16.
[3]	Cash dividends declared on July 25, 2013 were paid on August 29, 2013. Cash dividends declared on October 24, 2013 were paid on November 21, 2013.
[4]	Approximately $99 of cash dividends paid on shares in the ESOP was used as additional principal reduction on the ESOP debt, resulting in the release of approximately 8,000 additional shares. The portion of the dividend paid on allocated shares of approximately $14 was treated as a dividend. The remaining portion of the dividend payment and resulting release of approximately 7,000 shares was accounted for as additional compensation expense of approximately $63 for the six months ended December 31, 2013.
[5]	Derived from audited consolidated financial statements
[6]	36,945 shares issued to Oconee MHC at approximately $18.95 per share for the acquisition of Stephens Federal Bank.
[7]	Approximately $99 of cash dividends paid on shares in the ESOP was used as additional principal reduction on the ESOP debt, resulting in the release of approximately 8,000 additional shares. The portion of the dividend paid on allocated shares of approximately $25 was treated as a dividend. The remaining portion of the dividend payment and resulting release of approximately 8,000 shares was accounted for as additional compensation expense of approximately $74 for the six months ended December 31, 2014.
[8]	Cash dividends declared on July 24, 2014 were paid on August 21, 2014. Cash dividends declared on October 23, 2014 were paid on November 20, 2014.

CONSOLIDATED_STATEMENTS_OF_CHA1

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (Unaudited) (Parenthetical)	6 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY
Purchase of treasury stock (in shares)		89,900
Issuance of restricted stock (in shares)		12,600
Common stock issued (in shares)	36,945

CONSOLIDATED_STATEMENTS_OF_CHA2

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (Unaudited) (Parentheticals 1) (USD $)	6 Months Ended
In Thousands, except Share data, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013	Jun. 30, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of restricted stock granted		12,600
Weighted average cost of treasury shares		$15.85
Cash dividends on ESOP shares	$99	$99
Number of additional shares released	8,000	8,000	9,464
Dividend paid on allocated shares	25	14
Release of shares upon dividend payment	8,000	7,000
Additional compensation expense	$74	$63
Shares issued for acquisition	36,945
Shares issued price per share	$18.95
Restricted stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of restricted stock granted
Grant date fair value of restricted stock	$12.29

CONSOLIDATED_STATEMENTS_OF_CAS

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)	6 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014		Dec. 31, 2013
Cash Flows From Operating Activities
Net income	$2,134		$1,932
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for loan losses	9		41
Depreciation and amortization, net	454		479
Deferred loan fees, net	24		23
Deferred income tax expense	9
(Gain) loss on sale of real estate owned	-36		14
Change in loan servicing asset	28
Gain on sales of securities	-29		-145
Mortgage loans originated for sale	-605
Mortgage loans sold	591
Gain on sales of mortgage loans	-5
Increase in cash surrender value of bank owned life insurance	-139		-154
ESOP compensation expense	294		229
Stock based compensation expense	132		119
Net change in operating assets and liabilities:
Accrued interest receivable	-42		94
Accrued interest payable	-1		-2
Other	-1,061		-427
Net cash provided by operating activities	1,757		2,203
Cash Flows From Investing Activities
Net cash received from acquisition of Stephens Federal	24,079
Purchases of premises and equipment	-329		-33
Purchases of securities held-to-maturity			-3,486
Purchases of securities available-for-sale	-13,908		-18,300
Proceeds from maturities, paydowns and calls of securities available-for-sale	8,143		6,538
Proceeds from sales of securities available-for-sale	6,421		10,788
Proceeds from sale of securities held-to-maturity			2,270
Proceeds from sale of real estate owned	1,089		176
Loan originations and repayments, net	-3,869		-3,188
Net cash provided by (used) in investing activities	21,626		-5,235
Cash Flows from Financing Activities
Net change in deposits	-12,873		-8,228
Dividends paid	-1,099		-1,068
Purchase of treasury stock			-1,424
Net cash used in financing activities	-13,972		-10,720
Change in cash and cash equivalents	9,411		-13,752
Cash and cash equivalents, beginning of year	11,890	[1]	37,942
Cash and cash equivalents, end of period	$21,301		$24,190
[1]	Derived from audited consolidated financial statements

BASIS_OF_PRESENTATION

BASIS OF PRESENTATION	6 Months Ended
	Dec. 31, 2014
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 (70.93%) by Oconee Federal, MHC. These financial statements do not include the transactions and balances of Oconee Federal, MHC. On December 1, 2014, the Company completed its acquisition of Stephens Federal Bank. The consolidated financial statements include the results of operations of Stephen Federal Bank since the acquisition date.
	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 December 31, 2014 and June 30, 2014 and the results of operations and cash flows for the interim periods ended December 31, 2014 and 2013. 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. These consolidated financial statements should be read in conjunction with the Company’s audited consolidated financial statements and notes thereto included in the Form 10-K Annual Report of Oconee Federal Financial Corp. for the year ended June 30, 2014.

SUMMARY_OF_SIGNIFICANT_ACCOUNT

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
	Dec. 31, 2014
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES		-2	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
	Loans Held for Sale: Mortgage loans originated and intended for sale in the secondary market are carried at the lower of aggregate cost or fair value, as determined by outstanding commitments from investors. Net unrealized losses, if any, are recorded as a valuation allowance and charged to earnings. Loans held for sale, for which the fair value option has been elected, are recorded at fair value as of each balance sheet date. The fair value includes the servicing value of the loans as well as any accrued interest.
	Mortgage loans held for sale are generally sold with servicing rights retained. The carrying value of mortgage loans sold is reduced by the amount allocated to the servicing right. Gains and losses on sales of mortgage loans are based on the difference between the selling price and the carrying value of the related loan sold.
	Purchased Credit Impaired Loans: The Company purchases individual loans and groups of loans, some of which have shown evidence of credit deterioration since origination. These purchased credit impaired loans are recorded at the amount paid, such that there is no carryover of the seller’s allowance for loan losses. After acquisition, losses are recognized by an increase in the allowance for loan losses. Purchased credit impaired loans are accounted for individually. The Company estimates the amount and timing of expected cash flows for each loan, and the expected cash flows in excess of amount paid is recorded as interest income over the remaining life of the loan (accretable yield). The excess of the loans’ contractual principal and interest over expected cash flows is not recorded (nonaccretable difference).
	Over the life of the loans expected cash flows continue to be estimated. If the present value of expected cash flows is less than the carrying amount, a loss is recorded. If the present value of expected cash flows is greater than the carrying amount, it is recognized as part of future interest income.
	Purchased Performing Loans: The Company accounts for purchased performing loans at acquisition at fair value, which includes a credit discount. The resulting fair value (premium/discount) is amortized/accreted on a level yield basis over the estimated lives of the loans. There is no allowance for loan losses established for purchased performing loans, however a provision for loan losses is recorded for any further deterioration in these loans subsequent to the acquisition.
	Loan servicing rights: When mortgage loans are sold with servicing retained, servicing rights are initially recorded at fair value with the income statement effect recorded in gains on sales of loans. Fair value is based on market prices for comparable mortgage servicing contracts, when available, or alternatively, is based on a valuation model that calculates the present value of estimated future net servicing income.
	Under the fair value measurement method, the Company measures servicing rights at fair value at each reporting date and reports changes in fair value of servicing assets in earnings in the period in which the changes occur, and are included with mortgage banking income on the Consolidated Statements of Income and Comprehensive Income. The fair values of servicing rights are subject to significant fluctuations as a result of changes in estimated and actual prepayment speeds and default rates and losses.
	Goodwill: Goodwill is generally determined as the excess of the fair value of the consideration transferred, plus the fair value of any noncontrolling interests in the acquiree, over the fair value of the net assets acquired and liabilities assumed as of the acquisition date. Goodwill acquired in a purchase business combination is not amortized, but tested for impairment at least annually or more frequently if events and circumstances exists that indicate that a goodwill impairment test should be performed. Goodwill will be tested for impairment as of April 1, 2015 and annually thereafter on each fiscal year ended date, unless evidence exists to warrant more frequent testing.
	Derivative Instruments and Hedging: The Company recognizes all derivatives as either assets or liabilities in the balance sheet, and measures those instruments at fair value. Changes in the fair value of those derivatives are reported in current earnings or other comprehensive income depending on the purpose for which the derivative is held and whether the derivative qualifies for hedge accounting. Loan commitments related to the origination or acquisition of mortgage loans that will be held for sale must be accounted for as derivative instruments. The Company enters into commitments to originate loans whereby the interest rate on the loan is determined prior to funding (rate lock commitments). The Company also enters into forward sales commitments for the mortgage loans underlying the rate lock commitments. The fair values of these two derivative financial instruments are collectively insignificant to the consolidated financial statements.
	Reclassifications: Some items in the prior year consolidated financial statements were reclassified to conform to the current presentation.

ACQUISITION

ACQUISITION	6 Months Ended
	Dec. 31, 2014
Business Combinations [Abstract]
ACQUISITION	-3	ACQUISITION
	On December 1, 2014, the Company and its parent company, Oconee Federal, MHC (“Oconee MHC”), completed the acquisition of Stephens Federal Bank (“Stephens Federal”). The acquisition was consummated in accordance with the Agreement and Plan of Merger by and among the Company, Oconee MHC, Oconee Federal and Stephens Federal dated February 26, 2014, as amended on May 6, 2014 (the “Merger Agreement”), pursuant to which Stephens Federal merged with and into the Association, with the Association as the surviving institution.
	Pursuant to the terms of the Merger Agreement, Stephens Federal completed a voluntary supervisory conversion from a federally chartered mutual savings association to a federally chartered stock savings association immediately prior to the merger with the Association. Accordingly, no consideration was paid by the Association or the Company in connection with the acquisition of Stephens Federal; however, upon completion of the acquisition, the Company issued 36,945 shares of Company common stock to Oconee MHC, which is equal to the quotient of (i) the valuation of Stephens Federal, which was $700, as determined by an independent third party, divided by (ii) the average closing price of the Company’s common stock as reported on the NASDAQ for the 20 consecutive trading days ending on the third trading day preceding the effective date of the acquisition, or approximately $18.95 per share, rounded.
	A summary of assets received and liabilities assumed for Stephens Federal, as well as the associated fair value adjustments, are as follows:
			As Recorded		Fair Value			As Recorded
			by Stephens		and Other			by the
			Federal		Merger			Company
					Related
					Adjustments
	Consideration
	Common stock at $18.95 per share, 36,945 shares							$	700
	Assets
	Cash and cash equivalents		$	24,079	$	-		$	24,079
	Securities available for sale			2,720		-			2,720
	Loans			103,166		(6,742	)(1)		96,424
	Mortgage loans held for sale			572		-			572
	Premises and equipment, net			5,308		(1,324	)(2)		3,984
	Real estate owned, net			6,198		(2,806	)(3)		3,392
	Accrued interest receivable			376		-			376
	Restricted equity securities			143		-			143
	Loan servicing rights			1,409		(40	)(4)		1,369
	Other Assets			141		4,091	-5		4,232
	Total assets acquired		$	144,112	$	(6,821	)		137,291
	Liabilities
	Deposits			139,160		54	-6		139,214
	Other Liabilities			1,035		-			1,035
	Total liabilities assumed		$	140,195	$	54			140,249
	Net liabilities assumed								(2,958	)
	Goodwill							$	3,658
	Explanation of fair value adjustments:
	-1	The net fair value adjustment includes a total gross fair value adjustment of $8,892 to the unpaid principle balances of loans acquired, net of the existing allowance of $1,979, and deferred loans fees of $171. The gross fair value adjustment includes both credit, interest and liquidity components that comprise the entire discount. The fair value adjustment related to PCI loans was $6,676, and the fair value adjustment on purchased performing loans was $2,216. Based on an evaluation of the expected future cash flows for PCI loans, the accretable difference expected to be recognized into income as a yield adjustment on loans was $642. The entire discount on purchased performing loans be accreted to income on a level-yield basis over each loan’s contractual life.
	-2	Premises and equipment were adjusted to reflect recently appraised values of the land and buildings for each branch acquired and the Company’s estimates of the fair value of furniture, fixtures and equipment.
	-3	The net adjustment reflects the fair value of real estate properties, less estimated costs to sell.
	-4	The adjustment reflects the fair value of loan servicing rights based upon the net present value of future servicing cash flows net of costs.
	-5	Represents adjustments in the net deferred tax assets resulting from the fair value adjustments related to the acquired assets and liabilities, identifiable intangibles and other deferred tax items. The fair value adjustment of the net deferred tax asset assumes an effective tax rate of approximately 36%.
	-6	The value adjustment to time deposits reflecting the differences in the contractual interest rates and those currently offered. The premium will be amortized into interest expense over a 3.7 year life using the straight line method.
	The Company has determined the above noted acquisition constitutes a business combination as defined by generally accepted accounting principles. As such, the Company has recorded the assets purchased and liabilities assumed at their estimated fair values.
	The estimated fair values are subject to refinement for up to one year after the closing date of the acquisition as additional information regarding closing date fair value becomes available. During this one year period, the causes of any changes in cash flow estimates are considered to determine whether the change results from circumstances that existed at the acquisition date or if the change results from an event that occurred after the date of acquisition. At December 31, 2014, management had not completed its assessment of the fair value of the acquired core deposit intangible at December 1, 2014. Once the fair value is finalized, the impact will be to recognize a core deposit intangible that will be amortized over the expected life of the core deposit intangible. The recognition of this core deposit intangible will reduce the preliminary estimate of goodwill recorded as of December 31, 2014.
	With this acquisition, the Company expanded its presence in the northeast corner of Georgia in Stephens and Rabun Counties through the addition of three branches, which enhances our ability to grow by expanding our footprint into these nearby counties. None of the goodwill associated with this acquisition is deductible for income tax purposes.
	The Company incurred transaction-related costs of $706, of which $102 and $135, respectively, were incurred in the three and six months ended December 31, 2014. Transaction-related costs are expensed as incurred as a component of non-interest expense. Transaction-related costs primarily include professional services and data processing fees. Additionally, expenses related to systems conversions and other costs of integration are expected to be recorded throughout the remaining portion of our fiscal year 2015.
	The following table discloses the impact of the merger with Stephens Federal since the acquisition on December 1, 2014 through December 31, 2014. The table also presents certain pro forma information as if Stephens Federal had been acquired on July 1, 2014 or July 1, 2013. These results combine the historical results of Stephens Federal in the Company's Consolidated Statement of Income and Comprehensive Income and, while certain adjustments were made for the estimated impact of certain fair value adjustments and other acquisition-related activity, they are not indicative of what would have occurred had the acquisition taken place on July 1, 2014 or July 1, 2013. Transaction-related costs as noted above are not included in the pro forma statements below. Additionally, the Company expects to achieve further operating cost savings as a result of the acquisition, which are not reflected in the pro forma amounts below:
			Actual from		Pro-forma for three						Pro-forma for six months
			acquisition date		months ended						ended
			through		December 31,						December 31,
			December 31,
			2014
					2014			2013			2014		2013
	Net interest income		$	338	$	4,228		$	4,155		$	8,416	$	8,271
	Noninterest income			153		432			663			769		1,004
	Net income			147		1,395			1,513			2,991		3,106
	Net income available to common shareholders		$	147	$	1,383		$	1,498		$	2,967	$	3,077
	Pro-forma earnings per share:
	Basic				$	0.25		$	0.27		$	0.53	$	0.55
	Diluted				$	0.24		$	0.27		$	0.52	$	0.55

EARNINGS_PER_SHARE_EPS

EARNINGS PER SHARE ("EPS")	6 Months Ended
	Dec. 31, 2014
Earnings Per Share [Abstract]
EARNINGS PER SHARE ("EPS")	-4	EARNINGS PER SHARE (“EPS”)
	Basic EPS is determined by dividing net earnings available to common shareholders by the weighted average number of common shares outstanding for the period. ESOP shares are considered outstanding for this calculation unless unearned. The factors used in the earnings per common share computation follow:
			Three Months Ended						Six Months Ended
			December 31,			December 31,			December 31,			December 31,
			2014			2013			2014			2013
	Earnings per share
	Net income		$	1,047		$	1,014		$	2,134		$	1,932
	Less: distributed earnings allocated to participating securities			(7	)		(8	)		(13	)		(16	)
	Less: (undistributed income) dividends in excess of earnings allocated to participating securities			(5	)		(7	)		(11	)		(13	)
	Net earnings available to common shareholders		$	1,035		$	999		$	2,110		$	1,903
	Weighted average common shares outstanding including participating securities			5,846,442			5,839,969			5,840,419			5,845,245
	Less: participating securities			(65,899	)		(83,695	)		(65,899	)		(83,695	)
	Less: average unearned ESOP shares			(170,170	)		(196,488	)		(172,535	)		(198,754	)
	Weighted average common shares outstanding			5,610,373			5,559,786			5,601,985			5,562,796
	Basic earnings per share		$	0.18		$	0.18		$	0.38		$	0.34
	Weighted average common shares outstanding			5,610,373			5,559,786			5,601,985			5,562,796
	Add: dilutive effects of assumed exercises of stock options			68,961			53,456			57,822			50,688
	Average shares and dilutive potential common shares			5,679,334			5,613,242			5,659,807			5,613,484
	Diluted earnings per share		$	0.18		$	0.18		$	0.37		$	0.34
	During the three and six months ended December 31, 2014 and 2013, 7,700 shares were considered anti-dilutive.

SECURITIES_AVAILABLEFORSALE_AN

SECURITIES AVAILABLE-FOR-SALE AND HELD-TO-MATURITY	6 Months Ended
	Dec. 31, 2014
SECURITIES AVAILABLE-FOR-SALE AND HELD-TO-MATURITY
SECURITIES AVAILABLE-FOR-SALE AND HELD-TO-MATURITY		-5	SECURITIES AVAILABLE-FOR-SALE AND HELD-TO-MATURITY
	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 December 31, 2014 and June 30, 2014 are as follows:
					Gross			Gross
			Amortized		Unrealized			Unrealized			Fair
	31-Dec-14		Cost		Gains			Losses			Value
	Available-for-sale:
	FHLMC common stock		$	20	$	147		$	-		$	167
	Certificates of deposit			6,474		21			(12	)		6,483
	Municipal securities			8,594		26			(48	)		8,572
	SBA loan pools			2,675		12			(9	)		2,678
	U.S. Government agency mortgage-backed securities			60,031		544			(486	)		60,089
	U.S. Government agency bonds			26,885		109			(284	)		26,710
	Total available-for-sale		$	104,679	$	859		$	(839	)	$	104,699
					Gross			Gross
			Amortized		Unrealized			Unrealized			Fair
	30-Jun-14		Cost		Gains			Losses			Value
	Available-for-sale:
	FHLMC common stock		$	20	$	294		$	-		$	314
	Preferred stock (1)			271		27			-			298
	Certificates of deposit			7,221		24			(8	)		7,237
	Municipal securities			5,846		2			(39	)		5,809
	U.S. Government agency mortgage-backed securities			60,742		428			(730	)		60,440
	U.S. Government agency bonds			29,946		181			(419	)		29,708
	Total available-for-sale		$	104,046	$	956		$	(1,196	)	$	103,806
	(1) Consists of 300 shares of Southern First Bancshares, Inc. cumulative perpetual preferred stock, series T.
	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 more than twelve months at December 31, 2014 and June 30, 2014. The table also shows 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		Unrealized			Number in			Fair			Unrealized			Number in		Fair		Unrealized			Number in
			Value		Loss			Unrealized			Value			Loss			Unrealized		Value		Loss			Unrealized
								Loss (1)									Loss (1)							Loss (1)
	31-Dec-14
	Available for Sale:
	Certificates of deposit		$	1,985	$	(8	)		8		$	249		$	(4	)		1	$	2,234	$	(12	)		9
	Municipal securities			4,929		(48	)		14			-			-			-		4,929		(48	)		14
	SBA loan pools			-		-			-			906			(9	)		1		906		(9	)		1
	U.S. Government agency mortgage-backed securities			4,038		(18	)		3			17,168			(468	)		16		21,206		(486	)		19
	U.S. Government agency bonds			2,927		(33	)		2			10,739			(251	)		6		13,666		(284	)		8
			$	13,879	$	(107	)		27		$	29,062		$	(732	)		24	$	42,941	$	(839	)		51
			Less than 12 Months								12 Months or More								Total
			Fair		Unrealized			Number in			Fair			Unrealized			Number in		Fair		Unrealized			Number in
			Value		Loss			Unrealized			Value			Loss			Unrealized		Value		Loss			Unrealized
								Loss (1)									Loss (1)							Loss (1)
	30-Jun-14
	Available for Sale:
	Certificates of deposit		$	1,237	$	(8	)		5		$	-		$	-			-	$	1,237	$	(8	)		5
	Municipal securities			4,263		(39	)		11			-			-			-		4,263		(39	)		11
	U.S. Government agency mortgage-backed securities			7,241		(24	)		6			21,464			(706	)		18		28,705		(730	)		24
	U.S. Government agency bonds			3,467		(5	)		3			12,574			(414	)		8		16,041		(419	)		11
			$	16,208	$	(76	)		25		$	34,038		$	(1,120	)		26	$	50,246	$	(1,196	)		51
	(1)      Actual amounts.
	The Company evaluates securities for 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 the 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 December 31, 2014 were recognized into net income for the three and six months ended December 31, 2014 because the issuer’s bonds are of high credit quality, management does not intend to sell and it is likely 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, 2014 were recognized as having other-than-temporary impairments (“OTTI”) during the three and six months ended December 31, 2014.
	The amortized cost and fair value of debt securities classified as available-for-sale at December 31, 2014 and June 30, 2014 by contractual maturity are summarized as follows:
			31-Dec-14					30-Jun-14
			Amortized		Fair			Amortized			Fair
			Cost		Value			Cost			Value
	Less than one year		$	4,999	$	5,035		$	4,002		$	4,029
	Due from one to five years			13,941		13,978			18,717			18,836
	Due from five to ten years			19,101		18,878			13,297			13,047
	Due after ten years			3,912		3,874			6,997			6,842
	Mortgage backed securities			62,706		62,767			60,742			60,440
	Total		$	104,659	$	104,532		$	103,755		$	103,194
	The following table presents the gross proceeds from sales of securities available-for-sale and held-to-maturity and gains or losses recognized for the three and six months ended December 31, 2014 and 2013:
			Three Months Ended					Six Months Ended
		December 31,		December 31,			December 31,			December 31,
		2014		2013			2014			2013
Available for Sale:
Proceeds		$	4,508	$	10,788		$	6,421		$	10,788
Gross gains			24		93			29			93
Gross losses			-		(30	)		-			(30	)
Held-to-maturity
Proceeds			-		2,270			-			2,270
Gross gains			-		82			-			82
Gross losses			-		-			-			-
Total:
Proceeds		$	4,508	$	13,058		$	6,421		$	13,058
Gross gains		$	24	$	175		$	29		$	175
Gross losses		$	-	$	(30	)	$	-		$	(30	)
During the six months ended December 31, 2013, the Company sold two securities classified as held-to-maturity.  One of those securities was a GNMA mortgage-backed security for which at least 85 percent of its original principal amount had been repaid.  The second security was also a GNMA mortgage-backed security.  Because the Company determined that it no longer had the positive intent to hold its investment in securities classified as held-to-maturity for an indefinite period of time because of the Company’s desire to have more flexibility in managing the investment portfolio, all of the Company’s securities classified as held-to-maturity were transferred to the available-for-sale category.  The securities transferred had a total amortized cost of $7,800 and unrealized gross gains of $56 and unrealized gross losses of $11 at the time of transfer.  The net unrealized gain of $45 was added to other comprehensive income at the time of transfer.

LOANS

LOANS	6 Months Ended
	Dec. 31, 2014
LOANS
LOANS		-6	LOANS
	The components of loans at December 31, 2014 and June 30, 2014 were as follows:
			December 31,			June 30,
			2014			2014
	Real estate loans:
	One-to-four family		$	269,855		$	214,735
	Multi-family			2,640			254
	Home equity			9,499			227
	Nonresidential			27,049			8,408
	Agricultural			4,278			-
	Construction and land			15,478			7,661
	Total real estate loans			328,799			231,285
	Commercial and industrial			987			-
	Consumer and other loans			2,386			747
	Total loans			332,172			232,032
	Deferred net loan fees			(1,270	)		(1,246	)
	Total loans net of deferred loan fees		$	330,902		$	230,786
	The following tables present the activity in the allowance for loan losses for the three and six months ended December 31, 2014 by portfolio segment:
	Three Months Ended December 31, 2014		Beginning			Provision			Charge-offs			Recoveries		Ending
			Balance											Balance
	Real estate loans:
	One-to-four family		$	771		$	11		$	-		$	-	$	782
	Multi-family			4			-			-			-		4
	Home equity			1			-			-			-		1
	Nonresidential			52			(2	)		-			-		50
	Agricultural			-			-			-			-		-
	Construction and land			26			-			-			-		26
	Total real estate loans			854			9			-			-		863
	Commercial and industrial			-			-			-			-		-
	Consumer and other loans			1			-			-			-		1
	Total loans		$	855		$	9		$	-		$	-	$	864
	Six Months Ended December 31, 2014		Beginning			Provision			Charge-offs			Recoveries		Ending
			Balance											Balance
	Real estate loans:
	One-to-four family		$	736		$	46		$	-		$	-	$	782
	Multi-family			4			-			-			-		4
	Home equity			1			-			-			-		1
	Nonresidential			52			(2	)		-			-		50
	Agricultural			-			-			-			-		-
	Construction and land			59			(33	)		-			-		26
	Total real estate loans			852			11			-			-		863
	Commercial and industrial			-			-			-			-		-
	Consumer and other loans			3			(2	)		-			-		1
	Total loans		$	855		$	9		$	-		$	-	$	864
	The following table presents the recorded balances of loans and amount of allowance allocated based upon impairment method by portfolio segment at December 31, 2014:
			Ending Allowance on						Loans:
			Loans:
	At December 31, 2014		Individually			Collectively			Individually			Collectively
			Evaluated			Evaluated			Evaluated			Evaluated
			for			for			for			for
			Impairment			Impairment			Impairment			Impairment
	Real estate loans:
	One-to-four family		$	54		$	728		$	4,842		$	265,013
	Multi-family			-			4			-			2,640
	Home equity			-			1			3			9,496
	Nonresidential			-			50			4,595			22,454
	Agricultural			-			-			1,519			2,759
	Construction and land			-			26			792			14,686
	Total real estate loans			54			809			11,751			317,048
	Commercial and industrial			-			-			-			987
	Consumer and other loans			-			1			34			2,352
	Total loans		$	54		$	810		$	11,785		$	320,387
	The following tables present the activity in the allowance for loan losses for the three and six months ended December 31, 2013 by portfolio segment:
	Three Months Ended December 31, 2013		Beginning			Provision			Charge-offs			Recoveries		Ending
Balance			Balance
Real estate loans:
One-to-four family		$	747		$	(42	)	$	(4	)	$	-	$	701
Multi-family			4			-			-			-		4
Home equity			1			-			-			-		1
Nonresidential			50			1			-			-		51
Agricultural			-			-			-			-		-
Construction and land			28			2			-			-		30
Total real estate loans			830			(39	)		(4	)		-		787
Commercial and industrial			-			-			-			-		-
Consumer and other loans			2			(1	)		-			-		1
Total loans		$	832		$	(40	)	$	(4	)	$	-	$	788
Six Months Ended December 31, 2013		Beginning			Provision			Charge-offs			Recoveries		Ending
		Balance											Balance
Real estate loans:
One-to-four family		$	665		$	40		$	(4	)	$	-	$	701
Multi-family			4			-			-			-		4
Home equity			1			-			-			-		1
Nonresidential			52			(1	)		-			-		51
Agricultural			-			-			-			-		-
Construction and land			27			3			-			-		30
Total real estate loans			749			42			(4	)		-		787
Commercial and industrial			-			-			-			-		-
Consumer and other loans			2			(1	)		-			-		1
Total loans		$	751		$	41		$	(4	)	$	-	$	788
The following table presents the recorded balances of loans and amount of allowance allocated based upon impairment method by portfolio segment at December 31, 2013:
		Ending Allowance on						Loans:
At December 31, 2013		Individually			Collectively			Individually			Collectively
		Evaluated			Evaluated			Evaluated			Evaluated
		for			for			for			for
		Impairment			Impairment			Impairment			Impairment
Real estate loans:
One-to-four family		$	58		$	643		$	2,578		$	204,282
Multi-family			-			4			-			255
Home equity			-			1			-			251
Nonresidential			-			51			21			8,581
Agricultural			-			-			-			-
Construction and land			-			30			-			9,508
Total real estate loans			58			729			2,599			222,877
Commercial and industrial			-			-			-			-
Consumer and other loans			-			1			-			836
Total loans		$	58		$	730		$	2,599		$	223,713
The following table presents the recorded balances of loans and amount of allowance allocated based upon impairment method by portfolio segment at June 30, 2014:
		Ending Allowance on						Loans
At June 30, 2014		Individually			Collectively			Individually			Collectively
		Evaluated			Evaluated			Evaluated			Evaluated
		for			for			for			for
		Impairment			Impairment			Impairment			Impairment
Real estate loans:
One-to-four family		$	52		$	684		$	1,647		$	213,088
Multi-family			-			4			-			254
Home equity			-			1			-			227
Nonresidential			-			52			-			8,408
Agricultural			-			-			-			-
Construction and land			-			59			-			7,661
Total real estate loans			52			800			1,647			229,638
Commercial and industrial			-			-			-			-
Consumer and other loans			-			3			-			747
Total loans		$	52		$	803		$	1,647		$	230,385
The tables below present loans that were individually evaluated for impairment by portfolio segment at December 31, 2014 and June 30, 2014, including the average recorded investment balance and interest earned for the six months ended December 31, 2014 and year ended June 30, 2014:
		31-Dec-14
		Unpaid			Recorded			Related			Average		Interest
		Principal			Investment			Allowance			Recorded		Income
		Balance									Investment		Recognized
With no recorded allowance:
Real estate loans:
One-to-four family		$	5,173		$	3,934		$	-		$	2,154	$	22
Multi-family			-			-			-			-		-
Home equity			53			3			-			2		-
Nonresidential			7,835			4,609			-			2,305		11
Agricultural			3,094			1,523			-			762		4
Construction and land			1,427			795			-			398		4
Total real estate loans			17,582			10,864			-			5,621		41
Commercial and industrial			-			-			-			-		-
Consumer and other loans			34			34			-			17		-
Total		$	17,616		$	10,898		$	-		$	5,638	$	41
With recorded allowance:
Real estate loans:
One-to-four family		$	1,303		$	1,303		$	54		$	1,288	$	8
Multi-family			-			-			-			-		-
Home equity			-			-			-			-		-
Nonresidential			-			-			-			-		-
Agricultural			-			-			-			-		-
Construction and land			-			-			-			-		-
Total real estate loans			1,303			1,303			54			1,288		8
Commercial and industrial			-			-			-			-		-
Consumer and other loans			-			-			-			-		-
Total		$	1,303		$	1,303		$	54		$	1,288	$	8
Totals:
Real estate loans		$	18,885		$	12,167		$	54		$	6,909	$	49
Consumer and other loans			34			34			-			17		-
Total		$	18,919		$	12,201		$	54		$	6,926	$	49
		30-Jun-14
		Unpaid			Recorded			Related			Average		Interest
		Principal			Investment			Allowance			Recorded		Income
		Balance									Investment		Recognized
With no recorded allowance:
Real estate loans:
One-to-four family		$	374		$	374		$	-		$	1,054	$	8
Multi-family			-			-			-			-		-
Home equity			-			-			-			-		-
Nonresidential			-			-			-			-		-
Agricultural			-			-			-			-		-
Construction and land			-			-			-			-		-
Total real estate loans			374			374			-			1,054		8
Commercial and industrial			-			-			-			-		-
Consumer and other loans			-			-			-			-		-
Total		$	374		$	374		$	-		$	1,054	$	8
With recorded allowance:
Real estate loans:
One-to-four family		$	1,273		$	1,273		$	52		$	763	$	9
Multi-family			-			-			-			-		-
Home equity			-			-			-			-		-
Nonresidential			-			-			-			-		-
Agricultural			-			-			-			-		-
Construction and land			-			-			-			-		-
Total real estate loans			1,273			1,273			52			763		9
Commercial and industrial			-			-			-			-		-
Consumer and other loans			-			-			-			-		-
Total		$	1,273		$	1,273		$	52		$	763	$	9
Totals:
Real estate loans		$	1,647		$	1,647		$	52		$	1,817	$	17
Consumer and other loans			-			-			-			-		-
Total		$	1,647		$	1,647		$	52		$	1,817	$	17
The following table presents the aging of the recorded investment in past due loans at December 31, 2014 and June 30, 2014 by portfolio segment of loans:
December 31, 2014
																	Accruing
		30-59			60-89			90 Days									Loans
		Days			Days			or More			Total				Total		Past Due 90
		Past Due			Past Due			Past Due			Past Due		Current		Loans		Days or More
Real estate loans:
One-to-four family		$	6,276		$	1,099		$	2,363		$	9,738	$	260,117	$	269,855	$	-
Multi-family			-			-			-			-		2,640		2,640		-
Home equity			579			21			29			629		8,870		9,499		-
Nonresidential			21			167			550			738		26,311		27,049		-
Agricultural			-			-			501			501		3,777		4,278		-
Construction and land			39			-			190			229		15,249		15,478		-
Total real estate loans			6,915			1,287			3,633			11,835		316,964		328,799		-
Commercial and industrial			-			-			-			-		987		987		-
Consumer and other loans			24			1			-			25		2,361		2,386		-
Total		$	6,939		$	1,288		$	3,633		$	11,860	$	320,312	$	332,172	$	-
June 30, 2014
																	Accruing
		30-59			60-89			90 Days									Loans
		Days			Days			or More			Total				Total		Past Due 90
		Past Due			Past Due			Past Due			Past Due		Current		Loans		Days or More
Real estate loans:
One-to-four family		$	4,856		$	893		$	1,053		$	6,802	$	207,933	$	214,735	$	-
Multi-family			-			-			-			-		254		254		-
Home equity			-			-			-			-		227		227		-
Nonresidential			87			-			-			87		8,321		8,408		-
Construction and land			-			-			-			-		7,661		7,661		-
Total real estate loans			4,943			893			1,053			6,889		224,396		231,285		-
Consumer and other loans			-			-			-			-		747		747		-
Total		$	4,943		$	893		$	1,053		$	6,889	$	225,143	$	232,032	$	-
At December 31, 2014, nonaccrual loans were $4,757, of which $4,134 are classified in the “90 Days or More” category, one loan for $110 in the “60 to 89” day category, one loan for $214 in the “30 to 59” day category, and one loan for $298 that was less than 30 days past due category. Nonaccrual loans at June 30, 2014 were $1,647. All of these loans are disclosed by portfolio segment above in the "90 days or more past due" column at June 30, 2014, except one loan in the "60-89 days past due" category with a carrying amount of $220 and one loan in the "30-59 days past due" category with a carrying amount of $374.
There were no troubled debt restructures at December 31, 2014 or June 30, 2014.
All loans graded pass, pass-watch, special mention, substandard and doubtful not specifically evaluated for impairment are collectively evaluated for impairment by portfolio segment. To develop and document a systematic methodology for determining the portion of the allowance for loan losses for loans evaluated collectively, the Company has divided the loan portfolio into eight portfolio segments, each with different risk characteristics and methodologies for assessing risk, and the Company utilizes a loan grading system whereby all loans within each portfolio segment are assigned a risk grade based on the risk profile of each loan. Loan risk 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 assigned a grade based upon management’s assessment of the ability of borrowers to service their debts. The following describes each of the Company’s loan grades and general information as to the risk profile of each of the Company’s loan portfolio segments:
Loan Grades:
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: One-to-four family residential loans consist primarily of loans secured by first or second deeds of trust on primary residences, and are originated as adjustable-rate or fixed-rate loans for the construction, purchase or refinancing of a one-to-four family residence. These loans are collateralized by owner-occupied properties located in the Company's market area. We currently originate residential mortgage loans for our portfolio with loan-to-value ratios of up to 80% for traditional owner-occupied homes.
Multi-family: Multi-family real estate loans generally have a maximum term of 5 years with a 30 year amortization period and a final balloon payment and are secured by properties containing five or more units in the Company's market area. These loans are generally made in amounts of up to 75% of the lesser of the appraised value or the purchase price of the property with an appropriate projected debt service coverage ratio. The Company's underwriting analysis includes considering the borrower's expertise and requires verification of the borrower's credit history, income and financial statements, banking relationships, independent appraisals, references and income projections for the property. The Company generally obtains personal guarantees on these loans.
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: The Company offers home equity loans and lines of credit secured by first or second deeds of trust on primary residences in the Company's market area. Our home equity loans and lines of credit are limited to an 80% loan-to-value ratio (including all prior liens). Standard residential mortgage underwriting requirements are used to evaluate these loans. The Company offers adjustable-rate and fixed-rate options for these loans with a maximum term of 10 years. The repayment terms on lines of credit are interest only monthly with principle due at maturity. Home equity loans have a more traditional repayment structure with principle and interest due monthly. The maximum term on home equity loans is 10 years with an amortization schedule not exceed 20 years.
Nonresidential Real Estate: Non-residential loans include those secured by real estate mortgages on churches, owner-occupied and non-owner-occupied commercial buildings of various types, retail and office buildings, hotels, and other business and industrial properties. The non-residential real estate loans that we originate generally have terms of 5 to 20 years with amortization periods up to 20 years. The maximum loan-to-value ratio of our non-residential real estate loans is generally 75%.
Loans secured by non-residential real estate generally are larger than one- to four-family residential loans and involve greater credit risk. Non-residential 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. In addition, because a church's financial stability often depends on donations from congregation members, some of whom may not reside in our market area, 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 non-residential real estate.
Agricultural: As a result of the Stephens Federal acquisition, we acquired agricultural real estate loans. These loans are secured by farmland and related improvements in the Company’s market area. These loans generally have terms of 5 to 20 years with amortization periods up to 20 years. The maximum loan-to-value ratio of these loans is generally 75%. The Company is managing a small number of these loans in our portfolio. We continue to closely monitor our existing relationships.
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: We make construction loans to individuals for the construction of their primary residences and interim construction loans for non-residential properties. These loans generally have maximum terms of eight months, and upon completion of construction convert to conventional amortizing mortgage loans. These construction loans have rates and terms comparable to one- to four-family residential mortgage loans that we originate. During the construction phase, the borrower generally pays interest only. The maximum loan-to-value ratio of our owner-occupied construction loans is 80%. Residential construction loans are generally underwritten pursuant to the same guidelines used for originating permanent residential mortgage loans. Finally, we make loans secured by land to complement our construction and non-residential lending activities. These loans generally have terms of up to 10 years, and maximum loan-to-value ratios of 75% for improved lots and 65% for unimproved land.
To the extent our construction loans are not made to owner-occupants of single-family homes, they are more vulnerable to changes in economic conditions and the concentration of credit with a limited number of borrowers. Further, the nature of these loans is such that they are more difficult to evaluate and monitor. Our risk of loss on a construction or land loan is dependent largely upon the accuracy of the initial estimate of the property's value upon completion of the project and the estimated cost (including interest) of the project. If the estimate of value proves to be inaccurate, we may be confronted, at or prior to the maturity of the loan, with a project with a value which is insufficient to assure full repayment and/or the possibility of having to make substantial investments to complete and sell the project. Because defaults in repayment may not occur during the construction period, it may be difficult to identify problem loans at an early stage.
Commercial and Industrial Loans: As a result of the Stephens Federal acquisition, we acquired commercial and industrial loans. These loans are offered to businesses and professionals in the Company’s market area. These loans generally have short and medium terms on both a collateralized and uncollateralized basis. The structure of these loans are largely determined by the loan purpose and collateral. Sources of collateral can include a lien on furniture, fixtures, equipment, inventory, receivables and other assets of the company. A UCC-1 is typically filed to perfect our lien on these assets.
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: We offer installment loans for various consumer purposes to individuals for household, family and other personal expenditures. The maximum terms of consumer loans is 36 months for unsecured loans, 12 months for loans secured by marketable securities and 18-60 months for loans secured by a vehicle, depending on the age of the vehicle. We generally only extend consumer loans to existing customers or their immediate family members, and these loans generally have relatively low limits.
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.
To separate acquired loans from originated loans for presentation purposes, the Company has prepared the following tables showing each portfolio segment by risk grade for originated and for acquired loans at December 31, 2014. Loan risk grades were determined based on an analysis performed at December 31, 2014.
Originated loans:
31-Dec-14		Pass			Pass- Watch			Special			Substandard		Doubtful		Total
								Mention
Real estate loans:
One-to-four family		$	217,069		$	-		$	-		$	2,160	$	-	$	219,229
Multi-family			251			-			-			-		-		251
Home equity			201			-			-			-		-		201
Nonresidential			8,281			-			-			-		-		8,281
Agricultural			-			-			-			-		-		-
Construction and land			7,770			-			-			-		-		7,770
Total real estate loans			233,572			-			-			2,160		-		235,732
Commercial and industrial			-			-			-			-		-		-
Consumer and other loans			527			-			-			-		-		527
Total		$	234,099		$	-		$	-		$	2,160	$	-	$	236,259
Acquired loans:
31-Dec-14		Pass			Pass-Watch			Special			Substandard		Doubtful		Total
								Mention
Real estate loans:
One-to-four family		$	41,524		$	5,355		$	1,727		$	2,685	$	-	$	51,291
Multi-family			2,394			-			-			-		-		2,394
Home equity			9,078			114			189			29		-		9,410
Nonresidential			7,600			5,458			1,174			4,310		299		18,841
Agricultural			1,271			442			1,046			1,523		-		4,282
Construction and land			4,691			883			512			795		-		6,881
Total real estate loans			66,558			12,252			4,648			9,342		299		93,099
Commercial and industrial			935			16			41			-		-		992
Consumer and other loans			1,805			4			2			11		-		1,822
Total		$	69,298		$	12,272		$	4,691		$	9,353	$	299	$	95,913
The following table present total loans by segment and loan risk grade at June 30, 2014:
June 30, 2014		Pass			Pass-Watch			Special			Substandard		Doubtful		Total
								Mention
Real estate loans:
One-to-four family		$	213,088		$	-		$	-		$	-	$	1,647	$	214,735
Multi-family			254			-			-			-		-		254
Home equity			227			-			-			-		-		227
Nonresidential			8,408			-			-			-		-		8,408
Agricultural			-			-			-			-		-		-
Construction and land			7,661			-			-			-		-		7,661
Total real estate loans			229,638			-			-			-		1,647		231,285
Commercial and industrial			-			-			-			-		-		-
Consumer and other loans			747			-			-			-		-		747
Total		$	230,385		$	-		$	-		$	-	$	1,647	$	232,032
Purchased Credit Impaired Loans:
The following table presents the changes in the carrying value and the accretable yield on purchased credit impaired loans for the six months ended December 31, 2014:
		Six Months Ended
		31-Dec-14
		Accretable			Carrying
		Yield			Value
Balance at beginning of period		$	-		$	-
New loans purchased			(642	)		9,671
Reductions from payments			-			(68	)
Accretion			12			12
Balance at end of period		$	(630	)	$	9,615
There was no allowance recorded on purchased credit impaired loans at December 31, 2014.
The following table presents loans acquired during the six months ended December 31, 2014, at acquisition date, accounted for as purchased credit impaired loans:
		December 1,
		2014
Contractually required payments receivable		$	19,880
Contractual cash flows not expected to be collected (nonaccretable)			(9,567	)
Expected cash flows			10,313
Accretable yield			(642	)
Fair value of acquired loans		$	9,671
The following table presents the carrying amount of purchased credit impaired loans for which future cash flows could not be reasonably estimated. Income is not recognized on these loans.
		December 31,
		2014
Balance at beginning of period:		$	-
Purchased		$	2,434
Balance at end of the period:		$	2,270

FAIR_VALUE_OF_FINANCIAL_INSTRU

FAIR VALUE OF FINANCIAL INSTRUMENTS	6 Months Ended
	Dec. 31, 2014
FAIR VALUE OF FINANCIAL INSTRUMENTS
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). The Company’s preferred stock investments are not actively traded; therefore, management estimates the fair value of its preferred stock using estimations provided by external dealer quotes.
	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.
	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.
	Real estate owned:
	Nonrecurring adjustments to certain commercial and residential real estate properties classified as real estate owned are measured at the lower of carrying amount or fair value, less costs to sell. Fair values are generally based on third party appraisals of the property, resulting in a Level 3 classification. In cases where the carrying amount exceeds the fair value, less costs to sell, an impairment loss is recognized.
	Assets and liabilities measured at fair value on a recurring basis at December 31, 2014 and June 30, 2014 are summarized below:
			Fair Value Measurements
			(Level 2)			(Level 3)		(Level 2)
			31-Dec-14					June 30,
								2014
	Financial assets:
	Securities available-for-sale		$	104,699		$	-	$	103,806
	Loan servicing rights			-			1,341		-
	Total financial assets		$	104,699		$	1,341	$	103,806
	Presented in the table below are assets measured at fair value on a non-recurring basis using level 3 inputs at December 31, 2014 and June 30, 2014:
			Fair Value Measurements
			(Level 3)			(Level 3)
			31-Dec-14			June 30,
						2014
	Financial assets:
	Impaired real estate loans, with specific allocations:
	One-to-four-family		$	1,303		$	1,221
	Non-financial assets:
	Real estate owned, net:
	One-to-four-family			1,526			744
	Nonresidential			768			-
	Construction and land			940			-
	Total non-financial assets			3,234			744
	Total assets measured at fair value on a non-recurring basis		$	4,537		$	1,965
	The Company's impaired loans at December 31, 2014 and June 30, 2014, which were measured for impairment using the fair value of collateral less costs to sell, had carrying amounts of $1,303 and $1,221, respectively. The carrying value included a valuation allowance of $54 and $52, respectively. The impact to the provision for loan losses from the change in the valuation allowance for the six months ended December 31, 2014 was an increase of $9.
	Real estate owned is carried at the lower of carrying value or fair value less costs to sell. The outstanding balances of real estate owned and their respective valuation allowances at December 31, 2014 and June 30, 2014 were $3,234 and $80 and $744 and $164, respectively. There were no write downs of legacy real estate owned for the three or six months ended December 31, 2014. As a result of the acquisition, the Company acquired $3,392 in real estate owned accounted for at fair value. No impairments in value were recorded for these properties for the three or six months ended December 31, 2014.
	The table below presents a reconciliation of all assets measured at fair value on a recurring basis using significant unobservable inputs Level 3 for the six months ended December 31, 2014:
			Fair Value Measurements
			(Level 3)
			December 31,
			2014
	Balance at beginning of period:
	Purchases		$	1,369
	Total losses included in earnings			(28	)
	Balance at end of perios:		$	1,341
	The table below presents the valuation methodology and unobservable inputs for Level 3 assets measured at fair value on a non-recurring basis at December 31, 2014 and June 30, 2014.
			Level 3 Quantitative Information
			December 31,			June 30,		Valuation Technique		Unobservable Inputs	Range (Weighted
			2014			2014					Average)
			Fair Value			Fair Value
	Impaired real estate loans net, with specific allocations:
	One-to-four family		$	1,303		$	1,221	Sales comparison approach		Adjustment for differences between the comparable sales	0% to 30% (15%)
	Real estate owned net:
	One-to-four-family		$	1,526		$	744	Sales comparison approach		Adjustment for differences between the comparable sales		0% to 20% (10%)
	Nonresidential			768			-	Sales comparison approach		Adjustment for differences between the comparable sales		0% to 20% (10%)
	Construction and land			940			-	Sales comparison approach		Adjustment for differences between the comparable sales		0% to 20% (10%)
	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 December 31, 2014 and June 30, 2014 are summarized below:
			31-Dec-14
			Carrying			Fair Value
			Amount			(Level 1)		(Level 2)			(Level 3)		Total
	Financial assets
Securities available-for-sale		$	104,699		$	-	$	104,699		$	-	$	104,699
Loans, net			330,902			-		-			333,920		333,920
Loans held for sale (2)			591			-		-			604		604
Loan servicing rights			1,341			-		-			1,341		1,341
Restricted equity securities (1)			467			N/A		N/A			N/A		N/A
Financial liabilities
Deposits		$	407,355		$	134,495	$	275,414		$	-	$	409,909
		30-Jun-14
		Carrying			Fair Value
		Amount			(Level 1)		(Level 2)			(Level 3)		Total
Financial assets
Securities available-for-sale		$	103,806		$	-	$	103,806		$	-	$	103,806
Loans, net			229,931			-		-			233,176		233,176
Restricted equity securities (1)			325			N/A		N/A			N/A		N/A
Financial liabilities
Deposits		$	281,015		$	80,904	$	200,662		$	-	$	281,566
	-1	It was not practicable to determine fair value of restricted equity securities due to restrictions placed on transferability.
	-2	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 2 classification.

EMPLOYEE_STOCK_OWNERSHIP_PLAN

EMPLOYEE STOCK OWNERSHIP PLAN	6 Months Ended
	Dec. 31, 2014
EMPLOYEE STOCK OWNERSHIP PLAN
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 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. No contributions to the ESOP were made during the six months ended December 31, 2014. The expense recognized for the three months ended December 31, 2014 and 2013 was $218 and $162, respectively. The expense recognized for the six months ended December 31, 2014 and 2013 was $294 and $229, respectively.  An additional $100 discretionary contribution was paid to the ESOP for additional debt retirement during the three months ended December 31, 2014, which resulted in the release of additional shares and recognition of additional compensation expense of $140.
	Shares held by the ESOP at December 31, 2014 and June 30, 2014 were as follows:
			December 31,		June 30,
			2014		2014
	Committed to be released to participants			-		9,464
	Allocated to participants			85,248		57,902
	Unearned			163,594		181,476
	Total ESOP shares			248,842		248,842
	Fair value of unearned shares		$	3,255,521	$	3,277,457

STOCK_BASED_COMPENSATION

STOCK BASED COMPENSATION	6 Months Ended
	Dec. 31, 2014
STOCK BASED COMPENSATION
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 April 27, 2012, the compensation committee of the board of directors approved the issuance of 62,208 stock options to purchase Company stock and 24,884 shares of restricted stock to its directors. In addition, a total of 171,078 stock options and 62,210 shares of restricted stock were granted to officers. Stock options and restricted stock have vesting periods of 5 years or 7 years, a percentage of which vests annually on each anniversary date of grant. The weighted average vesting period of stock options and restricted stock granted was 5.7 years and 5.6 years, respectively. Stock options expire ten years after issuance. 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.
	On November 13, 2013, the compensation committee of the board of directors approved the issuance of 7,700 stock options to purchase Company stock and 12,600 shares of restricted stock to one of the Company’s officers. Stock options and restricted stock have vesting periods of 7 years, a percentage of which and vests annually at each anniversary date of grant. Stock options expire ten years after issuance. 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 six months ended December 31, 2014:
			Options			Weighted-			Weighted-		Aggregate Intrinsic
						Average			Average		Value (1)
						Exercise			Remaining
						Price/Share			Contractual
									Life (in years)
	Outstanding - July 1, 2014			240,986		$	11.58
	Granted			-			-
	Exercised			-			-
	Forfeited			-			-
	Outstanding -December 31, 2104			240,986		$	11.58			7.37	$	2,005,004
	Fully vested and exercisable at December 31, 2014			86,227		$	11.58			7.37	$	717,409
	Expected to vest in future periods			154,759
	Fully vested and expected to vest - December 31, 2014			240,986		$	11.58			7.37	$	2,005,004
	(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 $19.90 per share on December 31, 2014.
	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 Thrifts. 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
			2014			2012
	Risk-free interest rate			2.32	%		1.54	%
	Expected dividend yield			2.33	%		3.45	%
	Expected stock volatility			15.5			15.3
	Expected life (years)			8			8
	Fair value		$	2.46		$	1
	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 21,835 and 21,425 options that were earned during the six months ended December 31, 2014 and 2013, respectively. Stock-based compensation expense for stock options for the three and six months ended December 31, 2014 and 2013 was $11 and $22, respectively. Total unrecognized compensation cost related to stock options was $134 at December 31, 2014 and is expected to be recognized over a weighted-average period of 3.0 years.
	The following table summarizes non-vested restricted stock activity for the six months ended December 31, 2014:
			December 31,
			2014
	Balance - beginning of year			67,699
	Granted			-
	Forfeited			-
	Vested			(1,800	)
	Balance - end of period			65,899
	Weighted average grant date fair value		$	12.29
	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. The weighted-average grant date fair value of restricted stock granted on April 27, 2012 was $11.58 per share or $1,009. The weighted-average grant date fair value of restricted stock granted on November 13, 2013 was $17.16 per share or $216. Stock-based compensation expense for restricted stock included in noninterest expense for the three and six months ended December 31, 2014 and 2013 was $54 and $109, and $51 and $97 respectively. Unrecognized compensation expense for nonvested restricted stock awards was $680 at December 31, 2014 and is expected to be recognized over a weighted-average period of 3.2 years.

LOAN_SERVICING_RIGHTS

LOAN SERVICING RIGHTS	6 Months Ended
	Dec. 31, 2014
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 December 31, 2014 are as follows:
			December 31,
			2014
	Mortgage loan portfolio serviced for:
	FHLMC		$	141,305
	Custodial escrow balances maintained in connection with serviced loans were $398 at December 31, 2014.
	Activity for loan servicing rights for the three months ended December 31, 2014 is as follows:
			Three Months
			Ended
			31-Dec-14
	Loan servicing rights:
	Beginning of period:		$	-
	Additions			1,369
	Change in fair value			(28	)
	End of period:		$	1,341
	Fair value at December 31, 2014 was determined using a discount rate of 9.50%, prepayment speed assumptions ranging from 6.9% to 19.8% CPR depending on the loans’ coupon, term and seasoning, and a weighted average default rate of 0.61%.

SUPPLEMENTAL_CASH_FLOW_INFORMA

SUPPLEMENTAL CASH FLOW INFORMATION	6 Months Ended
	Dec. 31, 2014
Supplemental Cash FlowInformation [Abstract]
SUPPLEMENTAL CASH FLOW INFORMATION		-11	SUPPLEMENTAL CASH FLOW INFORMATION
	Supplemental cash flow information for the six months ended December 31, 2014 and 2013:
			December 31,		December 31,
			2014		2013
	Cash paid during the period for:
	Interest paid		$	316	$	813
	Income taxes paid		$	1,240	$	1,380
	Supplemental noncash disclosures:
	Transfers from loans to real estate owned		$	152	$	-
	Unrealized gains (losses) on securities available-for-sale, net		$	158	$	(565	)
	Transfer from securities held-to-maturity to available-for-sale		$	-	$	7,805
	Unrealized gains on securities held-to-maturity, transferred to available for sale		$	-	$	45
	Acquisition:
	Assets acquired (excluding goodwill) $3,658		$	137,291	$	-
	Liabilities assumed		$	140,249	$	-
	Acquisition price (common stock issued to OFED, MHC)		$	700	$	-
	Goodwill recorded		$	3,658	$	-

SUBSEQUENT_EVENTS

SUBSEQUENT EVENTS	6 Months Ended
	Dec. 31, 2014
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS		-12	SUBSEQUENT EVENTS
	On January 29, 2015, the Board of Directors of Oconee Federal Financial Corp. (the “Company”) declared a quarterly cash dividend of $0.10 per share of the Company’s common stock. The dividend is payable to stockholders of record as of February 12, 2015, and will be paid on or about February, 26, 2015.

SUMMARY_OF_SIGNIFICANT_ACCOUNT1

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
	Dec. 31, 2014
Accounting Policies [Abstract]
Loans Held For Sale	Loans Held for Sale: Mortgage loans originated and intended for sale in the secondary market are carried at the lower of aggregate cost or fair value, as determined by outstanding commitments from investors. Net unrealized losses, if any, are recorded as a valuation allowance and charged to earnings. Loans held for sale, for which the fair value option has been elected, are recorded at fair value as of each balance sheet date. The fair value includes the servicing value of the loans as well as any accrued interest.
	Mortgage loans held for sale are generally sold with servicing rights retained. The carrying value of mortgage loans sold is reduced by the amount allocated to the servicing right. Gains and losses on sales of mortgage loans are based on the difference between the selling price and the carrying value of the related loan sold.
Purchased Credit Impaired Loans	Purchased Credit Impaired Loans: The Company purchases individual loans and groups of loans, some of which have shown evidence of credit deterioration since origination. These purchased credit impaired loans are recorded at the amount paid, such that there is no carryover of the seller’s allowance for loan losses. After acquisition, losses are recognized by an increase in the allowance for loan losses. Purchased credit impaired loans are accounted for individually. The Company estimates the amount and timing of expected cash flows for each loan, and the expected cash flows in excess of amount paid is recorded as interest income over the remaining life of the loan (accretable yield). The excess of the loans’ contractual principal and interest over expected cash flows is not recorded (nonaccretable difference).
	Over the life of the loans expected cash flows continue to be estimated. If the present value of expected cash flows is less than the carrying amount, a loss is recorded. If the present value of expected cash flows is greater than the carrying amount, it is recognized as part of future interest income.
Purchased Performing Loans	Purchased Performing Loans: The Company accounts for purchased performing loans at acquisition at fair value, which includes a credit discount. The resulting fair value (premium/discount) is amortized/accreted on a level yield basis over the estimated lives of the loans. There is no allowance for loan losses established for purchased performing loans, however a provision for loan losses is recorded for any further deterioration in these loans subsequent to the acquisition.
Loan servicing rights	Loan servicing rights: When mortgage loans are sold with servicing retained, servicing rights are initially recorded at fair value with the income statement effect recorded in gains on sales of loans. Fair value is based on market prices for comparable mortgage servicing contracts, when available, or alternatively, is based on a valuation model that calculates the present value of estimated future net servicing income.
	Under the fair value measurement method, the Company measures servicing rights at fair value at each reporting date and reports changes in fair value of servicing assets in earnings in the period in which the changes occur, and are included with mortgage banking income on the Consolidated Statements of Income and Comprehensive Income. The fair values of servicing rights are subject to significant fluctuations as a result of changes in estimated and actual prepayment speeds and default rates and losses.
Goodwill
	Goodwill: Goodwill is generally determined as the excess of the fair value of the consideration transferred, plus the fair value of any noncontrolling interests in the acquiree, over the fair value of the net assets acquired and liabilities assumed as of the acquisition date. Goodwill acquired in a purchase business combination is not amortized, but tested for impairment at least annually or more frequently if events and circumstances exists that indicate that a goodwill impairment test should be performed. Goodwill will be tested for impairment as of April 1, 2015 and annually thereafter on each fiscal year ended date, unless evidence exists to warrant more frequent testing.
Derivative Instruments and Hedging	Derivative Instruments and Hedging: The Company recognizes all derivatives as either assets or liabilities in the balance sheet, and measures those instruments at fair value. Changes in the fair value of those derivatives are reported in current earnings or other comprehensive income depending on the purpose for which the derivative is held and whether the derivative qualifies for hedge accounting. Loan commitments related to the origination or acquisition of mortgage loans that will be held for sale must be accounted for as derivative instruments. The Company enters into commitments to originate loans whereby the interest rate on the loan is determined prior to funding (rate lock commitments). The Company also enters into forward sales commitments for the mortgage loans underlying the rate lock commitments. The fair values of these two derivative financial instruments are collectively insignificant to the consolidated financial statements.
Reclassifications	Reclassifications: Some items in the prior year consolidated financial statements were reclassified to conform to the current presentation.

ACQUISITION_Tables

ACQUISITION (Tables)	6 Months Ended
	Dec. 31, 2014
Business Combinations [Abstract]
Summary of assets received and liabilities			As Recorded		Fair Value			As Recorded
			by Stephens		and Other			by the
			Federal		Merger			Company
					Related
					Adjustments
	Consideration
	Common stock at $18.95 per share, 36,945 shares							$	700
	Assets
	Cash and cash equivalents		$	24,079	$	-		$	24,079
	Securities available for sale			2,720		-			2,720
	Loans			103,166		(6,742	)(1)		96,424
	Mortgage loans held for sale			572		-			572
	Premises and equipment, net			5,308		(1,324	)(2)		3,984
	Real estate owned, net			6,198		(2,806	)(3)		3,392
	Accrued interest receivable			376		-			376
	Restricted equity securities			143		-			143
	Loan servicing rights			1,409		(40	)(4)		1,369
	Other Assets			141		4,091	-5		4,232
	Total assets acquired		$	144,112	$	(6,821	)		137,291
	Liabilities
	Deposits			139,160		54	-6		139,214
	Other Liabilities			1,035		-			1,035
	Total liabilities assumed		$	140,195	$	54			140,249
	Net liabilities assumed								(2,958	)
	Goodwill							$	3,658
	Explanation of fair value adjustments:
		-1	The net fair value adjustment includes a total gross fair value adjustment of $8,892 to the unpaid principle balances of loans acquired, net of the existing allowance of $1,979, and deferred loans fees of $171. The gross fair value adjustment includes both credit, interest and liquidity components that comprise the entire discount. The fair value adjustment related to PCI loans was $6,676, and the fair value adjustment on purchased performing loans was $2,216. Based on an evaluation of the expected future cash flows for PCI loans, the accretable difference expected to be recognized into income as a yield adjustment on loans was $642. The entire discount on purchased performing loans be accreted to income on a level-yield basis over each loan’s contractual life.
		-2	Premises and equipment were adjusted to reflect recently appraised values of the land and buildings for each branch acquired and the Company’s estimates of the fair value of furniture, fixtures and equipment.
		-3	The net adjustment reflects the fair value of real estate properties, less estimated costs to sell.
		-4	The adjustment reflects the fair value of loan servicing rights based upon the net present value of future servicing cash flows net of costs.
		-5	Represents adjustments in the net deferred tax assets resulting from the fair value adjustments related to the acquired assets and liabilities, identifiable intangibles and other deferred tax items. The fair value adjustment of the net deferred tax asset assumes an effective tax rate of approximately 36%.
		-6	The value adjustment to time deposits reflecting the differences in the contractual interest rates and those currently offered. The premium will be amortized into interest expense over a 3.7 year life using the straight line method.
Schedule of impact of the merger			Actual from		Pro-forma for three						Pro-forma for six
			acquisition date		months ended						months ended
			through		December 31,						December 31,
			December 31,
			2014
					2014			2013			2014		2013
	Net interest income		$	338	$	4,228		$	4,155		$	8,416	$	8,271
	Noninterest income			153		432			663			769		1,004
	Net income			147		1,395			1,513			2,991		3,106
	Net income available  to common shareholders		$	147	$	1,383		$	1,498		$	2,967	$	3,077
	Pro-forma earnings per share:
	Basic				$	0.25		$	0.27		$	0.53	$	0.55
	Diluted				$	0.24		$	0.27		$	0.52	$	0.55

EARNINGS_PER_SHARE_EPS_Tables

EARNINGS PER SHARE ("EPS") (Tables)	6 Months Ended
	Dec. 31, 2014
Earnings Per Share [Abstract]
Schedule of earnings per share, basic and diluted		Three Months Ended						Six Months Ended
		December 31,			December 31,			December 31,			December 31,
		2014			2013			2014			2013
	Earnings per share
	Net income	$	1,047		$	1,014		$	2,134		$	1,932
	Less: distributed earnings allocated to participating securities		(7	)		(8	)		(13	)		(16	)
	Less: (undistributed income) dividends in excess of earnings allocated to participating securities		(5	)		(7	)		(11	)		(13	)
	Net earnings available to common shareholders	$	1,035		$	999		$	2,110		$	1,903
	Weighted average common shares outstanding including participating securities		5,846,442			5,839,969			5,840,419			5,845,245
	Less: participating securities		(65,899	)		(83,695	)		(65,899	)		(83,695	)
	Less: average unearned ESOP shares		(170,170	)		(196,488	)		(172,535	)		(198,754	)
	Weighted average common shares outstanding		5,610,373			5,559,786			5,601,985			5,562,796
	Basic earnings per share	$	0.18		$	0.18		$	0.38		$	0.34
	Weighted average common shares outstanding		5,610,373			5,559,786			5,601,985			5,562,796
	Add: dilutive effects of assumed exercises of stock options		68,961			53,456			57,822			50,688
	Average shares and dilutive potential common shares		5,679,334			5,613,242			5,659,807			5,613,484
	Diluted earnings per share	$	0.18		$	0.18		$	0.37		$	0.34

SECURITIES_AVAILABLEFORSALE_AN1

SECURITIES AVAILABLE-FOR-SALE AND HELD-TO-MATURITY (Tables)	6 Months Ended
	Dec. 31, 2014
SECURITIES AVAILABLE-FOR-SALE AND HELD-TO-MATURITY
Schedule of unrealized gain (loss) on investments				Gross			Gross
		Amortized		Unrealized			Unrealized			Fair
	31-Dec-14	Cost		Gains			Losses			Value
	Available-for-sale:
	FHLMC common stock	$	20	$	147		$	-		$	167
	Certificates of deposit		6,474		21			(12	)		6,483
	Municipal securities		8,594		26			(48	)		8,572
	SBA loan pools		2,675		12			(9	)		2,678
	U.S. Government agency mortgage-backed securities		60,031		544			(486	)		60,089
	U.S. Government agency bonds		26,885		109			(284	)		26,710
	Total available-for-sale	$	104,679	$	859		$	(839	)	$	104,699
				Gross			Gross
		Amortized		Unrealized			Unrealized			Fair
	30-Jun-14	Cost		Gains			Losses			Value
	Available-for-sale:
	FHLMC common stock	$	20	$	294		$	-		$	314
	Preferred stock (1)		271		27			-			298
	Certificates of deposit		7,221		24			(8	)		7,237
	Municipal securities		5,846		2			(39	)		5,809
	U.S. Government agency mortgage-backed securities		60,742		428			(730	)		60,440
	U.S. Government agency bonds		29,946		181			(419	)		29,708
	Total available-for-sale	$	104,046	$	956		$	(1,196	)	$	103,806
	(1) Consists of 300 shares of Southern First Bancshares, Inc. cumulative perpetual preferred stock, series T.
Schedule of unrealized loss on investments		Less than 12 Months								12 Months or More								Total
		Fair		Unrealized			Number in			Fair			Unrealized			Number in		Fair		Unrealized			Number in
		Value		Loss			Unrealized			Value			Loss			Unrealized		Value		Loss			Unrealized
							Loss (1)									Loss (1)							Loss (1)
	31-Dec-14
	Available for Sale:
	Certificates of deposit	$	1,985	$	(8	)		8		$	249		$	(4	)		1	$	2,234	$	(12	)		9
	Municipal securities		4,929		(48	)		14			-			-			-		4,929		(48	)		14
	SBA loan pools		-		-			-			906			(9	)		1		906		(9	)		1
	U.S. Government agency mortgage-backed securities		4,038		(18	)		3			17,168			(468	)		16		21,206		(486	)		19
	U.S. Government agency bonds		2,927		(33	)		2			10,739			(251	)		6		13,666		(284	)		8
		$	13,879	$	(107	)		27		$	29,062		$	(732	)		24	$	42,941	$	(839	)		51
		Less than 12 Months								12 Months or More								Total
		Fair		Unrealized			Number in			Fair			Unrealized			Number in		Fair		Unrealized			Number in
		Value		Loss			Unrealized			Value			Loss			Unrealized		Value		Loss			Unrealized
							Loss (1)									Loss (1)							Loss (1)
	30-Jun-14
	Available for Sale:
	Certificates of deposit	$	1,237	$	(8	)		5		$	-		$	-			-	$	1,237	$	(8	)		5
	Municipal securities		4,263		(39	)		11			-			-			-		4,263		(39	)		11
	U.S. Government agency mortgage-backed securities		7,241		(24	)		6			21,464			(706	)		18		28,705		(730	)		24
	U.S. Government agency bonds		3,467		(5	)		3			12,574			(414	)		8		16,041		(419	)		11
		$	16,208	$	(76	)		25		$	34,038		$	(1,120	)		26	$	50,246	$	(1,196	)		51
	(1)      Actual amounts.
Schedule of contractual maturity		31-Dec-14					30-Jun-14
		Amortized		Fair			Amortized			Fair
		Cost		Value			Cost			Value
	Less than one year	$	4,999	$	5,035		$	4,002		$	4,029
	Due from one to five years		13,941		13,978			18,717			18,836
	Due from five to ten years		19,101		18,878			13,297			13,047
	Due after ten years		3,912		3,874			6,997			6,842
	Mortgage backed securities		62,706		62,767			60,742			60,440
	Total	$	104,659	$	104,532		$	103,755		$	103,194
Schedule of proceeds from sales of securities available-for-sale and held-to-maturity and gains or losses recognized		Three Months Ended					Six Months Ended
		December 31,		December 31,			December 31,			December 31,
		2014		2013			2014			2013
	Available for Sale:
	Proceeds	$	4,508	$	10,788		$	6,421		$	10,788
	Gross gains		24		93			29			93
	Gross losses		-		(30	)		-			(30	)
	Held-to-maturity
	Proceeds		-		2,270			-			2,270
	Gross gains		-		82			-			82
	Gross losses		-		-			-			-
	Total:
	Proceeds	$	4,508	$	13,058		$	6,421		$	13,058
	Gross gains	$	24	$	175		$	29		$	175
	Gross losses	$	-	$	(30	)	$	-		$	(30	)

LOANS_Tables

LOANS (Tables)	6 Months Ended
	Dec. 31, 2014
LOANS
Schedule of components of loans		December 31,			June 30,
		2014			2014
	Real estate loans:
	One-to-four family	$	269,855		$	214,735
	Multi-family		2,640			254
	Home equity		9,499			227
	Nonresidential		27,049			8,408
	Agricultural		4,278			-
	Construction and land		15,478			7,661
	Total real estate loans		328,799			231,285
	Commercial and industrial		987			-
	Consumer and other loans		2,386			747
	Total loans		332,172			232,032
	Deferred net loan fees		(1,270	)		(1,246	)
	Total loans net of deferred loan fees	$	330,902		$	230,786
Schedule of activity in the allowance for loan losses	Three Months Ended December 31, 2014	Beginning			Provision			Charge-offs			Recoveries		Ending
		Balance											Balance
	Real estate loans:
	One-to-four family	$	771		$	11		$	-		$	-	$	782
	Multi-family		4			-			-			-		4
	Home equity		1			-			-			-		1
	Nonresidential		52			(2	)		-			-		50
	Agricultural		-			-			-			-		-
	Construction and land		26			-			-			-		26
	Total real estate loans		854			9			-			-		863
	Commercial and industrial		-			-			-			-		-
	Consumer and other loans		1			-			-			-		1
	Total loans	$	855		$	9		$	-		$	-	$	864
	Six Months Ended December 31, 2014	Beginning			Provision			Charge-offs			Recoveries		Ending
		Balance											Balance
	Real estate loans:
	One-to-four family	$	736		$	46		$	-		$	-	$	782
	Multi-family		4			-			-			-		4
	Home equity		1			-			-			-		1
	Nonresidential		52			(2	)		-			-		50
	Agricultural		-			-			-			-		-
	Construction and land		59			(33	)		-			-		26
	Total real estate loans		852			11			-			-		863
	Commercial and industrial		-			-			-			-		-
	Consumer and other loans		3			(2	)		-			-		1
	Total loans	$	855		$	9		$	-		$	-	$	864
	Three Months Ended December 31, 2013	Beginning			Provision			Charge-offs			Recoveries		Ending
		Balance											Balance
	Real estate loans:
	One-to-four family	$	747		$	(42	)	$	(4	)	$	-	$	701
	Multi-family		4			-			-			-		4
	Home equity		1			-			-			-		1
	Nonresidential		50			1			-			-		51
	Agricultural		-			-			-			-		-
	Construction and land		28			2			-			-		30
	Total real estate loans		830			(39	)		(4	)		-		787
	Commercial and industrial		-			-			-			-		-
	Consumer and other loans		2			(1	)		-			-		1
	Total loans	$	832		$	(40	)	$	(4	)	$	-	$	788
	Six Months Ended December 31, 2013	Beginning			Provision			Charge-offs			Recoveries		Ending
		Balance											Balance
	Real estate loans:
	One-to-four family	$	665		$	40		$	(4	)	$	-	$	701
	Multi-family		4			-			-			-		4
	Home equity		1			-			-			-		1
	Nonresidential		52			(1	)		-			-		51
	Agricultural		-			-			-			-		-
	Construction and land		27			3			-			-		30
	Total real estate loans		749			42			(4	)		-		787
	Commercial and industrial		-			-			-			-		-
	Consumer and other loans		2			(1	)		-			-		1
	Total loans	$	751		$	41		$	(4	)	$	-	$	788
Schedule of recorded balances of loans and amount of allowance allocated based upon impairment method by portfolio segment		Ending Allowance on						Loans:
		Loans:
	At December 31, 2014	Individually			Collectively			Individually			Collectively
		Evaluated			Evaluated			Evaluated			Evaluated
		for			for			for			for
		Impairment			Impairment			Impairment			Impairment
	Real estate loans:
	One-to-four family	$	54		$	728		$	4,842		$	265,013
	Multi-family		-			4			-			2,640
	Home equity		-			1			3			9,496
	Nonresidential		-			50			4,595			22,454
	Agricultural		-			-			1,519			2,759
	Construction and land		-			26			792			14,686
	Total real estate loans		54			809			11,751			317,048
	Commercial and industrial		-			-			-			987
	Consumer and other loans		-			1			34			2,352
	Total loans	$	54		$	810		$	11,785		$	320,387
		Ending Allowance on						Loans:
	At December 31, 2013	Individually			Collectively			Individually			Collectively
		Evaluated			Evaluated			Evaluated			Evaluated
		for			for			for			for
		Impairment			Impairment			Impairment			Impairment
	Real estate loans:
	One-to-four family	$	58		$	643		$	2,578		$	204,282
	Multi-family		-			4			-			255
	Home equity		-			1			-			251
	Nonresidential		-			51			21			8,581
	Agricultural		-			-			-			-
	Construction and land		-			30			-			9,508
	Total real estate loans		58			729			2,599			222,877
	Commercial and industrial		-			-			-			-
	Consumer and other loans		-			1			-			836
	Total loans	$	58		$	730		$	2,599		$	223,713
		Ending Allowance on						Loans
	At June 30, 2014	Individually			Collectively			Individually			Collectively
		Evaluated			Evaluated			Evaluated			Evaluated
		for			for			for			for
		Impairment			Impairment			Impairment			Impairment
	Real estate loans:
	One-to-four family	$	52		$	684		$	1,647		$	213,088
	Multi-family		-			4			-			254
	Home equity		-			1			-			227
	Nonresidential		-			52			-			8,408
	Agricultural		-			-			-			-
	Construction and land		-			59			-			7,661
	Total real estate loans		52			800			1,647			229,638
	Commercial and industrial		-			-			-			-
	Consumer and other loans		-			3			-			747
	Total loans	$	52		$	803		$	1,647		$	230,385
Schedule of individually evaluated for impairment by portfolio segment
		December 31, 2014
		Unpaid			Recorded			Related			Average		Interest
		Principal			Investment			Allowance			Recorded		Income
		Balance									Investment		Recognized
	With no recorded allowance:
	Real estate loans:
	One-to-four family	$	5,173		$	3,934		$	-		$	2,154	$	22
	Multi-family		-			-			-			-		-
	Home equity		53			3			-			2		-
	Nonresidential		7,835			4,609			-			2,305		11
	Agricultural		3,094			1,523			-			762		4
	Construction and land		1,427			795			-			398		4
	Total real estate loans		17,582			10,864			-			5,621		41
	Commercial and industrial		-			-			-			-		-
	Consumer and other loans		34			34			-			17		-
	Total	$	17,616		$	10,898		$	-		$	5,638	$	41
	With recorded allowance:
	Real estate loans:
	One-to-four family	$	1,303		$	1,303		$	54		$	1,288	$	8
	Multi-family		-			-			-			-		-
	Home equity		-			-			-			-		-
	Nonresidential		-			-			-			-		-
	Agricultural		-			-			-			-		-
	Construction and land		-			-			-			-		-
	Total real estate loans		1,303			1,303			54			1,288		8
	Commercial and industrial		-			-			-			-		-
	Consumer and other loans		-			-			-			-		-
	Total	$	1,303		$	1,303		$	54		$	1,288	$	8
	Totals:
	Real estate loans	$	18,885		$	12,167		$	54		$	6,909	$	49
	Consumer and other loans		34			34			-			17		-
	Total	$	18,919		$	12,201		$	54		$	6,926	$	49
		June 30, 2014
		Unpaid			Recorded			Related			Average		Interest
		Principal			Investment			Allowance			Recorded		Income
		Balance									Investment		Recognized
	With no recorded allowance:
	Real estate loans:
	One-to-four family	$	374		$	374		$	-		$	1,054	$	8
	Multi-family		-			-			-			-		-
	Home equity		-			-			-			-		-
	Nonresidential		-			-			-			-		-
	Agricultural		-			-			-			-		-
	Construction and land		-			-			-			-		-
	Total real estate loans		374			374			-			1,054		8
	Commercial and industrial		-			-			-			-		-
	Consumer and other loans		-			-			-			-		-
	Total	$	374		$	374		$	-		$	1,054	$	8
	With recorded allowance:
	Real estate loans:
	One-to-four family	$	1,273		$	1,273		$	52		$	763	$	9
	Multi-family		-			-			-			-		-
	Home equity		-			-			-			-		-
	Nonresidential		-			-			-			-		-
	Agricultural		-			-			-			-		-
	Construction and land		-			-			-			-		-
	Total real estate loans		1,273			1,273			52			763		9
	Commercial and industrial		-			-			-			-		-
	Consumer and other loans		-			-			-			-		-
	Total	$	1,273		$	1,273		$	52		$	763	$	9
	Totals:
	Real estate loans	$	1,647		$	1,647		$	52		$	1,817	$	17
	Consumer and other loans		-			-			-			-		-
Total	$	1,647		$	1,647		$	52		$	1,817	$	17
Schedule of the aging of the recorded investment in past due loans	31-Dec-14																Accruing
		30-59			60-89			90 Days									Loans
		Days			Days			or More			Total				Total		Past Due 90
		Past Due			Past Due			Past Due			Past Due		Current		Loans		Days or More
	Real estate loans:
	One-to-four family	$	6,276		$	1,099		$	2,363		$	9,738	$	260,117	$	269,855	$	-
	Multi-family		-			-			-			-		2,640		2,640		-
	Home equity		579			21			29			629		8,870		9,499		-
	Nonresidential		21			167			550			738		26,311		27,049		-
	Agricultural		-			-			501			501		3,777		4,278		-
	Construction and land		39			-			190			229		15,249		15,478		-
	Total real estate loans		6,915			1,287			3,633			11,835		316,964		328,799		-
	Commercial and industrial		-			-			-			-		987		987		-
	Consumer and other loans		24			1			-			25		2,361		2,386		-
	Total	$	6,939		$	1,288		$	3,633		$	11,860	$	320,312	$	332,172	$	-
	30-Jun-14																Accruing
		30-59			60-89			90 Days									Loans
		Days			Days			or More			Total				Total		Past Due 90
		Past Due			Past Due			Past Due			Past Due		Current		Loans		Days or More
	Real estate loans:
	One-to-four family	$	4,856		$	893		$	1,053		$	6,802	$	207,933	$	214,735	$	-
	Multi-family		-			-			-			-		254		254		-
	Home equity		-			-			-			-		227		227		-
	Nonresidential		87			-			-			87		8,321		8,408		-
	Construction and land		-			-			-			-		7,661		7,661		-
	Total real estate loans		4,943			893			1,053			6,889		224,396		231,285		-
	Consumer and other loans		-			-			-			-		747		747		-
	Total	$	4,943		$	893		$	1,053		$	6,889	$	225,143	$	232,032	$	-
Schedule of portfolio segment by risk grade for originated and for acquired loans	Originated loans:
	31-Dec-14	Pass			Pass- Watch			Special			Substandard		Doubtful		Total
								Mention
	Real estate loans:
	One-to-four family	$	217,069		$	-		$	-		$	2,160	$	-	$	219,229
	Multi-family		251			-			-			-		-		251
	Home equity		201			-			-			-		-		201
	Nonresidential		8,281			-			-			-		-		8,281
	Agricultural		-			-			-			-		-		-
	Construction and land		7,770			-			-			-		-		7,770
	Total real estate loans		233,572			-			-			2,160		-		235,732
	Commercial and industrial		-			-			-			-		-		-
	Consumer and other loans		527			-			-			-		-		527
	Total	$	234,099		$	-		$	-		$	2,160	$	-	$	236,259
	Acquired loans:
	31-Dec-14	Pass			Pass-Watch			Special			Substandard		Doubtful		Total
								Mention
	Real estate loans:
	One-to-four family	$	41,524		$	5,355		$	1,727		$	2,685	$	-	$	51,291
	Multi-family		2,394			-			-			-		-		2,394
	Home equity		9,078			114			189			29		-		9,410
	Nonresidential		7,600			5,458			1,174			4,310		299		18,841
	Agricultural		1,271			442			1,046			1,523		-		4,282
	Construction and land		4,691			883			512			795		-		6,881
	Total real estate loans		66,558			12,252			4,648			9,342		299		93,099
	Commercial and industrial		935			16			41			-		-		992
	Consumer and other loans		1,805			4			2			11		-		1,822
	Total	$	69,298		$	12,272		$	4,691		$	9,353	$	299	$	95,913
	30-Jun-14	Pass			Pass-Watch			Special			Substandard		Doubtful		Total
								Mention
	Real estate loans:
	One-to-four family	$	213,088		$	-		$	-		$	-	$	1,647	$	214,735
	Multi-family		254			-			-			-		-		254
	Home equity		227			-			-			-		-		227
	Nonresidential		8,408			-			-			-		-		8,408
	Agricultural		-			-			-			-		-		-
	Construction and land		7,661			-			-			-		-		7,661
	Total real estate loans		229,638			-			-			-		1,647		231,285
	Commercial and industrial		-			-			-			-		-		-
	Consumer and other loans		747			-			-			-		-		747
	Total	$	230,385		$	-		$	-		$	-	$	1,647	$	232,032
Schedule of changes in the carrying value and accretable yield on purchased credit impaired loans		Three Months Ended
		31-Dec-14
		Accretable			Carrying
		Yield			Value
	Balance at beginning of period	$	-		$	-
	New loans purchased		(642	)		9,671
	Reductions from payments		-			(68	)
	Accretion		12			12
	Balance at end of period	$	(630	)	$	9,615
Schedule of loans acquired for as purchased credit impaired loans		December 1,
		2014
	Contractually required payments receivable	$	19,880
	Contractual cash flows not expected to be collected (nonaccretable)		(9,567	)
	Expected cash flows		10,313
	Accretable yield		(642	)
	Fair value of acquired loans	$	9,671
Schedule of carrying amount of purchased credit impaired loans		December 31,
		2014
	Balance at beginning of period:	$	-
	Purchased	$	2,434
	Balance at end of the period:	$	2,270

FAIR_VALUE_OF_FINANCIAL_INSTRU1

FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)	6 Months Ended
	Dec. 31, 2014
FAIR VALUE OF FINANCIAL INSTRUMENTS
Schedule of assets and liabilities measured at fair value on a recurring basis			Fair Value Measurements
			(Level 2)			(Level 3)		(Level 2)
			31-Dec-14					June 30,
								2014
	Financial assets:
	Securities available-for-sale		$	104,699		$	-	$	103,806
	Loan servicing rights			-			1,341		-
	Total financial assets		$	104,699		$	1,341	$	103,806
Schedule of assets measured at fair value on a non-recurring basis			Fair Value Measurements
			(Level 3)			(Level 3)
			December 31,			June 30,
			2014			2014
	Financial assets:
	Impaired real estate loans, with specific allocations:
	One-to-four-family		$	1,303		$	1,221
	Non-financial assets:
	Real estate owned, net:
	One-to-four-family			1,526			744
	Nonresidential			768			-
	Construction and land			940			-
	Total non-financial assets			3,234			744
	Total assets measured at fair value on a non-recurring basis		$	4,537		$	1,965
Schedule of reconciliation of all assets measured at fair value on a recurring basis using significant unobservable inputs Level 3
			Fair Value Measurements
			(Level 3)
			December 31,
			2014
	Balance at beginning of period:
	Purchases		$	1,369
	Total losses included in earnings			(28	)
	Balance at end of perios:		$	1,341
Schedule of valuation methodology and unobservable inputs for Level 3 assets measured at fair value on a non-recurring basis			Level 3 Quantitative Information
			December 31,			June 30,		Valuation Technique		Unobservable Inputs	Range (Weighted
			2014			2014					Average)
			Fair Value			Fair Value
	Impaired real estate loans net, with specific allocations:
	One-to-four family		$	1,303		$	1,221	Sales comparison approach		Adjustment for differences between the comparable sales	0% to 30% (15%)
	Real estate owned net:
	One-to-four-family		$	1,526		$	744	Sales comparison approach		Adjustment for differences between the comparable sales	0% to 20% (10%)
	Nonresidential			768			-	Sales comparison approach		Adjustment for differences between the comparable sales	0% to 20% (10%)
	Construction and land			940			-	Sales comparison approach		Adjustment for differences between the comparable sales	0% to 20% (10%)
Schedule of estimated fair values of remaining on-balance sheet financial instruments			31-Dec-14
			Carrying			Fair Value
			Amount			(Level 1)		(Level 2)			(Level 3)		Total
	Financial assets
	Securities available-for-sale		$	104,699		$	-	$	104,699		$	-	$	104,699
	Loans, net			330,902			-		-			333,920		333,920
	Loans held for sale (2)			591			-		-			604		604
	Loan servicing rights			1,341			-		-			1,341		1,341
	Restricted equity securities (1)			467			N/A		N/A			N/A		N/A
	Financial liabilities
	Deposits		$	407,355		$	134,495	$	275,414		$	-	$	409,909
			30-Jun-14
			Carrying			Fair Value
			Amount			(Level 1)		(Level 2)			(Level 3)		Total
	Financial assets
	Securities available-for-sale		$	103,806		$	-	$	103,806		$	-	$	103,806
	Loans, net			229,931			-		-			233,176		233,176
	Restricted equity securities (1)			325			N/A		N/A			N/A		N/A
	Financial liabilities
	Deposits		$	281,015		$	80,904	$	200,662		$	-	$	281,566
		-1	It was not practicable to determine fair value of restricted equity securities due to restrictions placed on transferability.
		-2	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 2 classification.

EMPLOYEE_STOCK_OWNERSHIP_PLAN_

EMPLOYEE STOCK OWNERSHIP PLAN (Tables)	6 Months Ended
	Dec. 31, 2014
EMPLOYEE STOCK OWNERSHIP PLAN
Schedule of shares held by the ESOP		December 31,		June 30,
		2014		2014
	Committed to be released to participants		-		9,464
	Allocated to participants		85,248		57,902
	Unearned		163,594		181,476
	Total ESOP shares		248,842		248,842
	Fair value of unearned shares	$	3,255,521	$	3,277,457

STOCK_BASED_COMPENSATION_Table

STOCK BASED COMPENSATION (Tables)	6 Months Ended
	Dec. 31, 2014
STOCK BASED COMPENSATION
Summarizes stock option activity		Options			Weighted-			Weighted-		Aggregate Intrinsic
					Average			Average		Value (1)
					Exercise			Remaining
					Price/Share			Contractual
								Life (in years)
	Outstanding - July 1, 2014		240,986		$	11.58
	Granted		-			-
	Exercised		-			-
	Forfeited		-			-
	Outstanding -December 31, 2104		240,986		$	11.58			7.37	$	2,005,004
	Fully vested and exercisable at December 31, 2014		86,227		$	11.58			7.37	$	717,409
	Expected to vest in future periods		154,759
	Fully vested and expected to vest - December 31, 2014		240,986		$	11.58			7.37	$	2,005,004
	(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 $19.90 per share on December 31, 2014.
Schedule of weighted-average fair value of options granted and assumptions used in the Black-Scholes-Merton option pricing model		Fiscal Years Granted
		2014			2012
	Risk-free interest rate		2.32	%		1.54	%
	Expected dividend yield		2.33	%		3.45	%
	Expected stock volatility		15.5			15.3
	Expected life (years)		8			8
	Fair value	$	2.46		$	1
Summary of non-vested restricted stock activity		December 31,
		2014
	Balance - beginning of year		67,699
	Granted		-
	Forfeited		-
	Vested		(1,800	)
	Balance - end of period		65,899
	Weighted average grant date fair value	$	12.29

LOAN_SERVICING_RIGHTS_Tables

LOAN SERVICING RIGHTS (Tables)	6 Months Ended
	Dec. 31, 2014
Transfers and Servicing [Abstract]
Schedule of principal balance of loan		December 31,
		2014
	Mortgage loan portfolio serviced for:
	FHLMC	$	141,305
		Three Months
		Ended
		31-Dec-14
	Loan servicing rights:
	Beginning of period:	$	-
	Additions		1,369
	Change in fair value		(28	)
	End of period:	$	1,341

SUPPLEMENTAL_CASH_FLOW_INFORMA1

SUPPLEMENTAL CASH FLOW INFORMATION (Tables)	6 Months Ended
	Dec. 31, 2014
SUPPLEMENTAL CASH FLOW INFORMATION
Schedule of supplemental cash flow information
		December 31,		December 31,
		2014		2013
	Cash paid during the period for:
	Interest paid	$	316	$	813
	Income taxes paid	$	1,240	$	1,380
	Supplemental noncash disclosures:
	Transfers from loans to real estate owned	$	152	$	-
	Unrealized gains (losses) on securities available-for-sale, net	$	158	$	(565	)
	Transfer from securities held-to-maturity to available-for-sale	$	-	$	7,805
	Unrealized gains on securities held-to-maturity, transferred to available for sale	$	-	$	45
	Acquisition:
	Assets acquired (excluding goodwill) $3,658	$	137,291	$	-
	Liabilities assumed	$	140,249	$	-
	Acquisition price (common stock issued to OFED, MHC)	$	700	$	-
	Goodwill recorded	$	3,658	$	-

BASIS_OF_PRESENTATION_Details

BASIS OF PRESENTATION (Details) (Oconee Federal, MHC)	Dec. 31, 2014
Oconee Federal, MHC
Basis of Presentation
Percentage of ownership in the entity	70.93%

ACQUISITION_Details

ACQUISITION (Details) (USD $)	6 Months Ended	0 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 01, 2014		Jun. 30, 2014
Business Acquisition [Line Items]
Common stock at $18.94 per share, 36,959 shares	$700
Assets
Real estate owned, net	3,392
Liabilities
Goodwill	3,658				[1]
As recorded by Stephens Federal | Stephens Federal
Assets
Cash and cash equivalents		24,079
Securities available for sale		2,720
Loans		103,166
Mortgage loans held for sale		572
Premises and equipment, net		5,308
Real estate owned, net		6,198
Accrued interest receivable		376
Restricted equity securities		143
Loan servicing rights		1,409
Other Assets		141
Total assets acquired		144,112
Liabilities
Deposits		139,160
Other Liabilities		1,035
Total liabilities assumed		140,195
Fair Value and Other Merger Related Adjustments | Stephens Federal
Assets
Cash and cash equivalents
Securities available for sale
Loans		-6,742	[2]
Mortgage loans held for sale
Premises and equipment, net		-1,324	[3]
Real estate owned, net		-2,806	[4]
Accrued interest receivable
Restricted equity securities
Loan servicing rights		-40	[5]
Other Assets		4,091	[6]
Total assets acquired		-6,821
Liabilities
Deposits		54	[7]
Other Liabilities
Total liabilities assumed		54
As Recorded by the Company | Stephens Federal
Business Acquisition [Line Items]
Common stock at $18.94 per share, 36,959 shares		700
Assets
Cash and cash equivalents		24,079
Securities available for sale		2,720
Loans		96,424
Mortgage loans held for sale		572
Premises and equipment, net		3,984
Real estate owned, net		3,392
Accrued interest receivable		376
Restricted equity securities		143
Loan servicing rights		1,369
Other Assets		4,232
Total assets acquired		137,291
Liabilities
Deposits		139,214
Other Liabilities		1,035
Total liabilities assumed		140,249
Net liabilities assumed		-2,958
Goodwill		$3,658
[1]	Derived from audited consolidated financial statements
[2]	The net fair value adjustment includes a total gross fair value adjustment of $8,892 to the unpaid principle balances of loans acquired, net of the existing allowance of $1,979, and deferred loans fees of $171. The gross fair value adjustment includes both credit, interest and liquidity components that comprise the entire discount. The fair value adjustment related to PCI loans was $6,676, and the fair value adjustment on purchased performing loans was $2,216. Based on an evaluation of the expected future cash flows for PCI loans, the accretable difference expected to be recognized into income as a yield adjustment on loans was $642. The entire discount on purchased performing loans be accreted to income on a level-yield basis over each loan's contractual life.
[3]	Premises and equipment were adjusted to reflect recently appraised values of the land and buildings for each branch acquired and the Company's estimates of the fair value of furniture, fixtures and equipment.
[4]	The net adjustment reflects the fair value of real estate properties, less estimated costs to sell.
[5]	The adjustment reflects the fair value of loan servicing rights based upon the net present value of future servicing cash flows net of costs.
[6]	Represents adjustments in the net deferred tax assets resulting from the fair value adjustments related to the acquired assets and liabilities, identifiable intangibles and other deferred tax items. The fair value adjustment of the net deferred tax asset assumes an effective tax rate of approximately 36%.
[7]	The value adjustment to time deposits reflecting the differences in the contractual interest rates and those currently offered. The premium will be amortized into interest expense over a 3.7 year life using the straight line method.

ACQUISITION_Details_1

ACQUISITION (Details 1) (USD $)	1 Months Ended	3 Months Ended		6 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2014	Dec. 31, 2013
Business Combinations [Abstract]
Actual from acquisition date, Net interest income	$338
Actual from acquisition date, Noninterest income	153
Actual from acquisition date, Net income	147
Actual from acquisition date, Net income available to common shareholders	147
Net interest income		4,228	4,155	8,416	8,271
Noninterest income		432	663	769	1,004
Net income		1,395	1,513	2,991	3,106
Net income available to common shareholders		$1,383	$1,498	$2,967	$3,077
Pro-forma earnings per share:
Basic (in dollars per share)		$0.25	$0.27	$0.53	$0.55
Diluted (in dollars per share)		$0.24	$0.27	$0.52	$0.55

ACQUISITION_Details_Textuals

ACQUISITION (Details Textuals) (USD $)	1 Months Ended	3 Months Ended		6 Months Ended		0 Months Ended	1 Months Ended
In Thousands, except Share data, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2014	Dec. 31, 2013	Dec. 01, 2014	Dec. 01, 2014
						Branch
Business Acquisition [Line Items]
Number of shares issued				36,945
Shares issued price per share	$18.95	$18.95		$18.95
Deferred loans fees			$23	($24)	($23)
Accretable difference expected to be recognized into income				-642
Business acquisition transaction related costs	706	102		135
Stephens Federal
Business Acquisition [Line Items]
Gross fair value adjustment						8,892
Existing allowance for loans acquired						1,979
Deferred loans fees						171
Fair value adjustment related to PCI loans						6,676
Fair value adjustment on purchased performing loans						2,216
Accretable difference expected to be recognized into income						642
Effective tax rate for net deferred tax asset						36.00%
Premium amortization period						3.7 year
Number of branches						3
Stephens Federal | Common stock
Business Acquisition [Line Items]
Number of shares issued							36,945
Valuation of acquired entity						$700	$700
Consecutive trading days for average closing price							20 days
Shares issued price per share						$18.95	$18.95

EARNINGS_PER_SHARE_EPS_Details

EARNINGS PER SHARE ("EPS") (Details) (USD $)	3 Months Ended		6 Months Ended
In Thousands, except Share data, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2014	Dec. 31, 2013
Earnings per share
Net income	$1,047	$1,014	$2,134	$1,932
Less: distributed earnings allocated to participating securities	-7	-8	-13	-16
Less: (undistributed income) dividends in excess of earnings allocated to participating securities	-5	-7	-11	-13
Net earnings available to common shareholders	$1,035	$999	$2,110	$1,903
Weighted average common shares outstanding including participating securities	5,846,442	5,839,969	5,840,419	5,845,245
Less: participating securities	-65,899	-83,695	-65,899	-83,695
Less: average unearned ESOP shares	-170,170	-196,488	-172,535	-198,754
Weighted average common shares outstanding	5,610,373	5,559,786	5,601,985	5,562,796
Basic earnings per share (in dollars per share)	$0.18	$0.18	$0.38	$0.34
Weighted average common shares outstanding	5,610,373	5,559,786	5,601,985	5,562,796
Add: dilutive effects of assumed exercises of stock options	68,961	53,456	57,822	50,688
Average shares and dilutive potential common shares	5,679,334	5,613,242	5,659,807	5,613,484
Diluted earnings per share (in dollars per share)	$0.18	$0.18	$0.37	$0.34

EARNINGS_PER_SHARE_EPS_Detail_

EARNINGS PER SHARE ("EPS") (Detail Textuals)	3 Months Ended		6 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2014	Dec. 31, 2013
Earnings Per Share [Abstract]
Anti-dilutive shares	7,700	7,700	7,700	7,700

SECURITIES_AVAILABLEFORSALE_AN2

SECURITIES AVAILABLE-FOR-SALE AND HELD-TO-MATURITY (Details) (USD $)	Dec. 31, 2014	Jun. 30, 2014
In Thousands, unless otherwise specified
Available-for-sale:
Amortized Cost	$104,679	$104,046
Gross Unrealized Gains	859	956
Gross Unrealized Losses	-839	-1,196
Fair Value	104,699	103,806	[1]
Common Stock | FHLMC
Available-for-sale:
Amortized Cost	20	20
Gross Unrealized Gains	147	294
Gross Unrealized Losses
Fair Value	167	314
Preferred stock
Available-for-sale:
Amortized Cost		271	[2]
Gross Unrealized Gains		27	[2]
Gross Unrealized Losses			[2]
Fair Value		298	[2]
Certificates of deposit
Available-for-sale:
Amortized Cost	6,474	7,221
Gross Unrealized Gains	21	24
Gross Unrealized Losses	-12	-8
Fair Value	6,483	7,237
Municipal securities
Available-for-sale:
Amortized Cost	8,594	5,846
Gross Unrealized Gains	26	2
Gross Unrealized Losses	-48	-39
Fair Value	8,572	5,809
SBA loan pools
Available-for-sale:
Amortized Cost	2,675
Gross Unrealized Gains	12
Gross Unrealized Losses	-9
Fair Value	2,678
U.S. Government agency mortgage-backed securities
Available-for-sale:
Amortized Cost	60,031	60,742
Gross Unrealized Gains	544	428
Gross Unrealized Losses	-486	-730
Fair Value	60,089	60,440
U.S. Government agency bonds
Available-for-sale:
Amortized Cost	26,885	29,946
Gross Unrealized Gains	109	181
Gross Unrealized Losses	-284	-419
Fair Value	$26,710	$29,708
[1]	Derived from audited consolidated financial statements
[2]	Consists of 300 shares of Southern First Bancshares, Inc. cumulative perpetual preferred stock, series T.

SECURITIES_AVAILABLEFORSALE_AN3

SECURITIES AVAILABLE-FOR-SALE AND HELD-TO-MATURITY (Details 1) (USD $)	Dec. 31, 2014		Jun. 30, 2014
In Thousands, unless otherwise specified	Security		Security
Securities with unrealized losses
Less than 12 Months, Fair Value	$13,879		$16,208
Less than 12 Months, Unrealized Loss	-107		-76
Less than 12 Months, Number in Unrealized Loss	27	[1]	25	[1]
12 Months or More, Fair Value	29,062		34,038
12 Months or More, Unrealized Loss	-732		-1,120
12 Months or More, Number in Unrealized Loss	24	[1]	26	[1]
Total, Fair Value	42,941		50,246
Total, Unrealized Loss	-839		-1,196
Total, Number in Unrealized Loss	51	[1]	51	[1]
Certificates of deposit
Securities with unrealized losses
Less than 12 Months, Fair Value	1,985		1,237
Less than 12 Months, Unrealized Loss	-8		-8
Less than 12 Months, Number in Unrealized Loss	8	[1]	5	[1]
12 Months or More, Fair Value	249
12 Months or More, Unrealized Loss	-4
12 Months or More, Number in Unrealized Loss	1	[1]		[1]
Total, Fair Value	2,234		1,237
Total, Unrealized Loss	-12		-8
Total, Number in Unrealized Loss	9	[1]	5	[1]
Municipal securities
Securities with unrealized losses
Less than 12 Months, Fair Value	4,929		4,263
Less than 12 Months, Unrealized Loss	-48		-39
Less than 12 Months, Number in Unrealized Loss	14	[1]	11	[1]
12 Months or More, Fair Value
12 Months or More, Unrealized Loss
12 Months or More, Number in Unrealized Loss				[1]
Total, Fair Value	4,929		4,263
Total, Unrealized Loss	-48		-39
Total, Number in Unrealized Loss	14	[1]	11	[1]
SBA loan pools
Securities with unrealized losses
Less than 12 Months, Fair Value
Less than 12 Months, Unrealized Loss
Less than 12 Months, Number in Unrealized Loss		[1]
12 Months or More, Fair Value	906
12 Months or More, Unrealized Loss	-9
12 Months or More, Number in Unrealized Loss	1	[1]
Total, Fair Value	906
Total, Unrealized Loss	-9
Total, Number in Unrealized Loss	1	[1]
U.S. Government agency mortgage-backed securities
Securities with unrealized losses
Less than 12 Months, Fair Value	4,038		7,241
Less than 12 Months, Unrealized Loss	-18		-24
Less than 12 Months, Number in Unrealized Loss	3	[1]	6	[1]
12 Months or More, Fair Value	17,168		21,464
12 Months or More, Unrealized Loss	-468		-706
12 Months or More, Number in Unrealized Loss	16	[1]	18	[1]
Total, Fair Value	21,206		28,705
Total, Unrealized Loss	-486		-730
Total, Number in Unrealized Loss	19	[1]	24	[1]
U.S. Government agency bonds
Securities with unrealized losses
Less than 12 Months, Fair Value	2,927		3,467
Less than 12 Months, Unrealized Loss	-33		-5
Less than 12 Months, Number in Unrealized Loss	2	[1]	3	[1]
12 Months or More, Fair Value	10,739		12,574
12 Months or More, Unrealized Loss	-251		-414
12 Months or More, Number in Unrealized Loss	6	[1]	8	[1]
Total, Fair Value	13,666		16,041
Total, Unrealized Loss	($284)		($419)
Total, Number in Unrealized Loss	8	[1]	11	[1]
[1]	Actual amounts.

SECURITIES_AVAILABLEFORSALE_AN4

SECURITIES AVAILABLE-FOR-SALE AND HELD-TO-MATURITY (Details 2) (USD $)	Dec. 31, 2014	Jun. 30, 2014
In Thousands, unless otherwise specified
Amortized Cost
Less than one year	$4,999	$4,002
Due from one to five years	13,941	18,717
Due from five to ten years	19,101	13,297
Due after ten years	3,912	6,997
Mortgage backed securities	62,706	60,742
Total	104,659	103,755
Fair Value
Less than one year	5,035	4,029
Due from one to five years	13,978	18,836
Due from five to ten years	18,878	13,047
Due after ten years	3,874	6,842
Mortgage backed securities	62,767	60,440
Total	$104,532	$103,194

SECURITIES_AVAILABLEFORSALE_AN5

SECURITIES AVAILABLE-FOR-SALE AND HELD-TO-MATURITY (Details 3) (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2014	Dec. 31, 2013
Available for Sale:
Proceeds	$4,508	$10,788	$6,421	$10,788
Gross gains	24	93	29	93
Gross losses		-30		-30
Held-to-maturity
Proceeds		2,270		2,270
Gross gains		82		82
Gross losses
Total:
Proceeds	4,508	13,058	6,421	13,058
Gross gains	24	175	29	175
Gross losses		($30)		($30)

SECURITIES_AVAILABLEFORSALE_AN6

SECURITIES AVAILABLE-FOR-SALE AND HELD-TO-MATURITY (Detail Textuals) (USD $)	6 Months Ended
In Thousands, except Share data, unless otherwise specified	Dec. 31, 2013	Jun. 30, 2013	Jun. 30, 2014
	Security
Investment Holdings [Line Items]
Number of securities classified as held-to-maturity sold during the period	2
Amortized cost of transferred securities		$7,800
Unrealized gross gains of transferred securities	56
Unrealized gross losses of transferred securities	11
Net unrealized gain recorded as other comprehensive income at the time of transfer	$45
Preferred stock | Southern First Bancshares, Inc.
Investment Holdings [Line Items]
Cumulative perpetual preferred stock			300
GNMA mortgage-backed security
Investment Holdings [Line Items]
Number of securities classified as held-to-maturity sold during the period	1
Minimum percentage of original principal amount paid on mortgage-backed security	85.00%

LOANS_Details

LOANS (Details) (USD $)	Dec. 31, 2014	Jun. 30, 2014
In Thousands, unless otherwise specified
Loans
Total loans	$332,172	$232,032
Net deferred loan fees	-1,270	-1,246
Net loans	330,902	230,786
Real estate loans
Loans
Total loans	328,799	231,285
One-to-four family
Loans
Total loans	269,855	214,735
Multi-family
Loans
Total loans	2,640	254
Home equity
Loans
Total loans	9,499	227
Nonresidential
Loans
Total loans	27,049	8,408
Agricultural
Loans
Total loans	4,278
Construction and land
Loans
Total loans	15,478	7,661
Commercial and industrial
Loans
Total loans	987
Consumer and other loans
Loans
Total loans	$2,386	$747

LOANS_Details_2

LOANS (Details 2) (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2014		Dec. 31, 2013	Jun. 30, 2014
Change in allowance for loan losses during the period
Beginning balance	$855	$832	$855	[1]	$751
Provision for loan losses	9	-40	9		41
Charge-offs		-4			-4
Recoveries
Ending balance	864	788	864		788
Allowance for loan losses:
Individually evaluated for impairment	54	58	54		58	52
Collectively evaluated for impairment	810	730	810		730	803
Loans:
Loans individually evaluated for impairment	11,785	2,599	11,785		2,599	1,647
Loans collectively evaluated for impairment	320,387	223,713	320,387		223,713	230,385
Real estate loans
Change in allowance for loan losses during the period
Beginning balance	854	830	852		749
Provision for loan losses	9	-39	11		42
Charge-offs		-4			-4
Recoveries
Ending balance	863	787	863		787
Allowance for loan losses:
Individually evaluated for impairment	54	58	54		58	52
Collectively evaluated for impairment	809	729	809		729	800
Loans:
Loans individually evaluated for impairment	11,751	2,599	11,751		2,599	1,647
Loans collectively evaluated for impairment	317,048	222,877	317,048		222,877	229,638
One-to-four family
Change in allowance for loan losses during the period
Beginning balance	771	747	736		665
Provision for loan losses	11	-42	46		40
Charge-offs		-4			-4
Recoveries
Ending balance	782	701	782		701
Allowance for loan losses:
Individually evaluated for impairment	54	58	54		58	52
Collectively evaluated for impairment	728	643	728		643	684
Loans:
Loans individually evaluated for impairment	4,842	2,578	4,842		2,578	1,647
Loans collectively evaluated for impairment	265,013	204,282	265,013		204,282	213,088
Multi-family
Change in allowance for loan losses during the period
Beginning balance	4	4	4		4
Provision for loan losses
Charge-offs
Recoveries
Ending balance	4	4	4		4
Allowance for loan losses:
Individually evaluated for impairment
Collectively evaluated for impairment	4	4	4		4	4
Loans:
Loans individually evaluated for impairment
Loans collectively evaluated for impairment	2,640	255	2,640		255	254
Home equity
Change in allowance for loan losses during the period
Beginning balance	1	1	1		1
Provision for loan losses
Charge-offs
Recoveries
Ending balance	1	1	1		1
Allowance for loan losses:
Individually evaluated for impairment
Collectively evaluated for impairment	1	1	1		1	1
Loans:
Loans individually evaluated for impairment	3		3
Loans collectively evaluated for impairment	9,496	251	9,496		251	227
Nonresidential
Change in allowance for loan losses during the period
Beginning balance	52	50	52		52
Provision for loan losses	-2	1	-2		-1
Charge-offs
Recoveries
Ending balance	50	51	50		51
Allowance for loan losses:
Individually evaluated for impairment
Collectively evaluated for impairment	50	51	50		51	52
Loans:
Loans individually evaluated for impairment	4,595	21	4,595		21
Loans collectively evaluated for impairment	22,454	8,581	22,454		8,581	8,408
Agricultural
Change in allowance for loan losses during the period
Beginning balance
Provision for loan losses
Charge-offs
Recoveries
Ending balance
Allowance for loan losses:
Individually evaluated for impairment
Collectively evaluated for impairment
Loans:
Loans individually evaluated for impairment	1,519		1,519
Loans collectively evaluated for impairment	2,759		2,759
Construction and land
Change in allowance for loan losses during the period
Beginning balance	26	28	59		27
Provision for loan losses		2	-33		3
Charge-offs
Recoveries
Ending balance	26	30	26		30
Allowance for loan losses:
Individually evaluated for impairment
Collectively evaluated for impairment	26	30	26		30	59
Loans:
Loans individually evaluated for impairment	792		792
Loans collectively evaluated for impairment	14,686	9,508	14,686		9,508	7,661
Commercial and industrial
Change in allowance for loan losses during the period
Beginning balance
Provision for loan losses
Charge-offs
Recoveries
Ending balance
Allowance for loan losses:
Individually evaluated for impairment
Collectively evaluated for impairment
Loans:
Loans individually evaluated for impairment
Loans collectively evaluated for impairment	987		987
Consumer and other loans
Change in allowance for loan losses during the period
Beginning balance	1	2	3		2
Provision for loan losses		-1	-2		-1
Charge-offs
Recoveries
Ending balance	1	1	1		1
Allowance for loan losses:
Individually evaluated for impairment
Collectively evaluated for impairment	1	1	1		1	3
Loans:
Loans individually evaluated for impairment	34		34
Loans collectively evaluated for impairment	$2,352	$836	$2,352		$836	$747
[1]	Derived from audited consolidated financial statements

LOANS_Details_3

LOANS (Details 3) (USD $)	6 Months Ended	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014	Jun. 30, 2014
With no recorded allowance:
Unpaid Principal Balance	$17,616	$374
Recorded Investment	10,898	374
Average Recorded Investment	5,638	1,054
Interest Income Recognized	41	8
With recorded allowance:
Unpaid Principal Balance	1,303	1,273
Recorded Investment	1,303	1,273
Related Allowance	54	52
Average Recorded Investment	1,288	763
Interest Income Recognized	8	9
Total:
Unpaid Principal Balance	18,919	1,647
Recorded Investment	12,201	1,647
Related Allowance	54	52
Average Recorded Investment	6,926	1,817
Interest Income Recognized	49	17
Real estate loans
With no recorded allowance:
Unpaid Principal Balance	17,582	374
Recorded Investment	10,864	374
Average Recorded Investment	5,621	1,054
Interest Income Recognized	41	8
With recorded allowance:
Unpaid Principal Balance	1,303	1,273
Recorded Investment	1,303	1,273
Related Allowance	54	52
Average Recorded Investment	1,288	763
Interest Income Recognized	8	9
Total:
Unpaid Principal Balance	18,885	1,647
Recorded Investment	12,167	1,647
Related Allowance	54	52
Average Recorded Investment	6,909	1,817
Interest Income Recognized	49	17
One-to-four family
With no recorded allowance:
Unpaid Principal Balance	5,173	374
Recorded Investment	3,934	374
Average Recorded Investment	2,154	1,054
Interest Income Recognized	22	8
With recorded allowance:
Unpaid Principal Balance	1,303	1,273
Recorded Investment	1,303	1,273
Related Allowance	54	52
Average Recorded Investment	1,288	763
Interest Income Recognized	8	9
Total:
Related Allowance	54	52
Multi-family
With no recorded allowance:
Unpaid Principal Balance
Recorded Investment
Average Recorded Investment
Interest Income Recognized
With recorded allowance:
Unpaid Principal Balance
Recorded Investment
Related Allowance
Average Recorded Investment
Interest Income Recognized
Total:
Related Allowance
Home equity
With no recorded allowance:
Unpaid Principal Balance	53
Recorded Investment	3
Average Recorded Investment	2
Interest Income Recognized
With recorded allowance:
Unpaid Principal Balance
Recorded Investment
Related Allowance
Average Recorded Investment
Interest Income Recognized
Total:
Related Allowance
Nonresidential
With no recorded allowance:
Unpaid Principal Balance	7,835
Recorded Investment	4,609
Average Recorded Investment	2,305
Interest Income Recognized	11
With recorded allowance:
Unpaid Principal Balance
Recorded Investment
Related Allowance
Average Recorded Investment
Interest Income Recognized
Total:
Related Allowance
Agricultural
With no recorded allowance:
Unpaid Principal Balance	3,094
Recorded Investment	1,523
Average Recorded Investment	762
Interest Income Recognized	4
With recorded allowance:
Unpaid Principal Balance
Recorded Investment
Related Allowance
Average Recorded Investment
Interest Income Recognized
Total:
Related Allowance
Construction and land
With no recorded allowance:
Unpaid Principal Balance	1,427
Recorded Investment	795
Average Recorded Investment	398
Interest Income Recognized	4
With recorded allowance:
Unpaid Principal Balance
Recorded Investment
Related Allowance
Average Recorded Investment
Interest Income Recognized
Total:
Related Allowance
Commercial and industrial
With no recorded allowance:
Unpaid Principal Balance
Recorded Investment
Average Recorded Investment
Interest Income Recognized
With recorded allowance:
Unpaid Principal Balance
Recorded Investment
Related Allowance
Average Recorded Investment
Interest Income Recognized
Total:
Related Allowance
Consumer and other loans
With no recorded allowance:
Unpaid Principal Balance	34
Recorded Investment	34
Average Recorded Investment	17
Interest Income Recognized
With recorded allowance:
Unpaid Principal Balance
Recorded Investment
Related Allowance
Average Recorded Investment
Interest Income Recognized
Total:
Unpaid Principal Balance	34
Recorded Investment	34
Related Allowance
Average Recorded Investment	17
Interest Income Recognized

LOANS_Details_4

LOANS (Details 4) (USD $)	6 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014	Jun. 30, 2014
Aging of the recorded investment in past due loans by portfolio class of loans
30-59 Days Past Due	$6,939	$4,943
60-89 Days Past Due	1,288	893
90 Days or More Past Due	3,633	1,053
Total Past Due	11,860	6,889
Current	320,312	225,143
Total loans	332,172	232,032
Accruing loans past due 90 days or more
Nonaccrual loans	4,757	1,647
Carrying amount of nonaccrual loan in 90 days or more due category	4,135
Period past due for non-accrual status	90 days
Carrying amount of nonaccrual loan in 60-89 days past due category	110	220
Carrying amount of nonaccrual loan in 30-59 days past due category	214	374
Carrying amount of nonaccrual loan in less than 30 days past due	298
Real estate loans
Aging of the recorded investment in past due loans by portfolio class of loans
30-59 Days Past Due	6,915	4,943
60-89 Days Past Due	1,287	893
90 Days or More Past Due	3,633	1,053
Total Past Due	11,835	6,889
Current	316,964	224,396
Total loans	328,799	231,285
Accruing loans past due 90 days or more
One-to-four family
Aging of the recorded investment in past due loans by portfolio class of loans
30-59 Days Past Due	6,276	4,856
60-89 Days Past Due	1,099	893
90 Days or More Past Due	2,363	1,053
Total Past Due	9,738	6,802
Current	260,117	207,933
Total loans	269,855	214,735
Accruing loans past due 90 days or more
Multi-family
Aging of the recorded investment in past due loans by portfolio class of loans
30-59 Days Past Due
60-89 Days Past Due
90 Days or More Past Due
Total Past Due
Current	2,640	254
Total loans	2,640	254
Accruing loans past due 90 days or more
Multi-family | Minimum
Aging of the recorded investment in past due loans by portfolio class of loans
Loans made as a percentage of lesser of appraised value or purchase price	5.00%
Multi-family | Maximum
Aging of the recorded investment in past due loans by portfolio class of loans
Loans made as a percentage of lesser of appraised value or purchase price	75.00%
Amortization period of financing receivable	30 years
Home equity
Aging of the recorded investment in past due loans by portfolio class of loans
30-59 Days Past Due	579
60-89 Days Past Due	21
90 Days or More Past Due	29
Total Past Due	629
Current	8,870	227
Total loans	9,499	227
Accruing loans past due 90 days or more
Amortization period of loans secured by church property	10 years
Loan-to-value ratio for owner-occupied loans (as a percent)	80.00%
Home equity | Maximum
Aging of the recorded investment in past due loans by portfolio class of loans
Term of loans secured by church property	10 years
Nonresidential
Aging of the recorded investment in past due loans by portfolio class of loans
30-59 Days Past Due	21	87
60-89 Days Past Due	167
90 Days or More Past Due	550
Total Past Due	738	87
Current	26,311	8,321
Total loans	27,049	8,408
Accruing loans past due 90 days or more
Amortization period of financing receivable	20 years
Nonresidential | Minimum
Aging of the recorded investment in past due loans by portfolio class of loans
Term of non residential real estate loans	5 years
Nonresidential | Maximum
Aging of the recorded investment in past due loans by portfolio class of loans
Term of loans secured by church property	20 years
Loan-to-value ratio for owner-occupied loans (as a percent)	75.00%
Agricultural
Aging of the recorded investment in past due loans by portfolio class of loans
30-59 Days Past Due
60-89 Days Past Due
90 Days or More Past Due	501
Total Past Due	501
Current	3,777
Total loans	4,278
Accruing loans past due 90 days or more
Amortization period of financing receivable	20 years
Agricultural | Minimum
Aging of the recorded investment in past due loans by portfolio class of loans
Term of agricultural loans	5 years
Agricultural | Maximum
Aging of the recorded investment in past due loans by portfolio class of loans
Loan-to-value ratio of agricultural loans	75.00%
Term of agricultural loans	20 years
Construction and land
Aging of the recorded investment in past due loans by portfolio class of loans
30-59 Days Past Due	39
60-89 Days Past Due
90 Days or More Past Due	190
Total Past Due	229
Current	15,249	7,661
Total loans	15,478	7,661
Accruing loans past due 90 days or more
Loan-to-value ratio for owner-occupied loans (as a percent)	80.00%
Construction and land | Maximum
Aging of the recorded investment in past due loans by portfolio class of loans
Amortization period of financing receivable	10 years
Loan-to-value ratio of loans secured by land for improved lots (as a percent)	75.00%
Loan-to-value ratio of loans secured by land for unimproved land (as a percent)	65.00%
Equipment leases | Maximum
Aging of the recorded investment in past due loans by portfolio class of loans
Equipment lease term	48 months
Commercial and industrial
Aging of the recorded investment in past due loans by portfolio class of loans
30-59 Days Past Due
60-89 Days Past Due
90 Days or More Past Due
Total Past Due
Current	987
Total loans	987
Accruing loans past due 90 days or more
Consumer and other loans
Aging of the recorded investment in past due loans by portfolio class of loans
30-59 Days Past Due	24
60-89 Days Past Due	1
90 Days or More Past Due
Total Past Due	25
Current	2,361	747
Total loans	2,386	747
Accruing loans past due 90 days or more
Term of financing receivable for unsecured loans	36 months
Term of financing receivable for secured by marketable securities	12 months
Consumer and other loans | Minimum
Aging of the recorded investment in past due loans by portfolio class of loans
Term of financing receivable for secured by vehicle	18 months
Consumer and other loans | Maximum
Aging of the recorded investment in past due loans by portfolio class of loans
Term of financing receivable for secured by vehicle	60 months

LOANS_Details_5

LOANS (Details 5) (USD $)	Dec. 31, 2014	Jun. 30, 2014
In Thousands, unless otherwise specified
Loan grade for each loan by portfolio segment and class
Loans, gross amount	$332,172	$232,032
Real estate loans
Loan grade for each loan by portfolio segment and class
Loans, gross amount	328,799	231,285
One-to-four family
Loan grade for each loan by portfolio segment and class
Loans, gross amount	269,855	214,735
Multi-family
Loan grade for each loan by portfolio segment and class
Loans, gross amount	2,640	254
Home equity
Loan grade for each loan by portfolio segment and class
Loans, gross amount	9,499	227
Nonresidential
Loan grade for each loan by portfolio segment and class
Loans, gross amount	27,049	8,408
Agricultural
Loan grade for each loan by portfolio segment and class
Loans, gross amount	4,278
Construction and land
Loan grade for each loan by portfolio segment and class
Loans, gross amount	15,478	7,661
Commercial and industrial
Loan grade for each loan by portfolio segment and class
Loans, gross amount	987
Consumer and other loans
Loan grade for each loan by portfolio segment and class
Loans, gross amount	2,386	747
Originated Loans
Loan grade for each loan by portfolio segment and class
Loans, gross amount	236,259
Originated Loans | Real estate loans
Loan grade for each loan by portfolio segment and class
Loans, gross amount	235,732
Originated Loans | One-to-four family
Loan grade for each loan by portfolio segment and class
Loans, gross amount	219,229
Originated Loans | Multi-family
Loan grade for each loan by portfolio segment and class
Loans, gross amount	251
Originated Loans | Home equity
Loan grade for each loan by portfolio segment and class
Loans, gross amount	201
Originated Loans | Nonresidential
Loan grade for each loan by portfolio segment and class
Loans, gross amount	8,281
Originated Loans | Agricultural
Loan grade for each loan by portfolio segment and class
Loans, gross amount
Originated Loans | Construction and land
Loan grade for each loan by portfolio segment and class
Loans, gross amount	7,770
Originated Loans | Commercial and industrial
Loan grade for each loan by portfolio segment and class
Loans, gross amount
Originated Loans | Consumer and other loans
Loan grade for each loan by portfolio segment and class
Loans, gross amount	527
Originated Loans | Pass
Loan grade for each loan by portfolio segment and class
Loans, gross amount	234,099
Originated Loans | Pass | Real estate loans
Loan grade for each loan by portfolio segment and class
Loans, gross amount	233,572
Originated Loans | Pass | One-to-four family
Loan grade for each loan by portfolio segment and class
Loans, gross amount	217,069
Originated Loans | Pass | Multi-family
Loan grade for each loan by portfolio segment and class
Loans, gross amount	251
Originated Loans | Pass | Home equity
Loan grade for each loan by portfolio segment and class
Loans, gross amount	201
Originated Loans | Pass | Nonresidential
Loan grade for each loan by portfolio segment and class
Loans, gross amount	8,281
Originated Loans | Pass | Agricultural
Loan grade for each loan by portfolio segment and class
Loans, gross amount
Originated Loans | Pass | Construction and land
Loan grade for each loan by portfolio segment and class
Loans, gross amount	7,770
Originated Loans | Pass | Commercial and industrial
Loan grade for each loan by portfolio segment and class
Loans, gross amount
Originated Loans | Pass | Consumer and other loans
Loan grade for each loan by portfolio segment and class
Loans, gross amount	527
Originated Loans | Pass Watch
Loan grade for each loan by portfolio segment and class
Loans, gross amount
Originated Loans | Pass Watch | Real estate loans
Loan grade for each loan by portfolio segment and class
Loans, gross amount
Originated Loans | Pass Watch | One-to-four family
Loan grade for each loan by portfolio segment and class
Loans, gross amount
Originated Loans | Pass Watch | Multi-family
Loan grade for each loan by portfolio segment and class
Loans, gross amount
Originated Loans | Pass Watch | Home equity
Loan grade for each loan by portfolio segment and class
Loans, gross amount
Originated Loans | Pass Watch | Nonresidential
Loan grade for each loan by portfolio segment and class
Loans, gross amount
Originated Loans | Pass Watch | Agricultural
Loan grade for each loan by portfolio segment and class
Loans, gross amount
Originated Loans | Pass Watch | Construction and land
Loan grade for each loan by portfolio segment and class
Loans, gross amount
Originated Loans | Pass Watch | Commercial and industrial
Loan grade for each loan by portfolio segment and class
Loans, gross amount
Originated Loans | Pass Watch | Consumer and other loans
Loan grade for each loan by portfolio segment and class
Loans, gross amount
Originated Loans | Special mention
Loan grade for each loan by portfolio segment and class
Loans, gross amount
Originated Loans | Special mention | Real estate loans
Loan grade for each loan by portfolio segment and class
Loans, gross amount
Originated Loans | Special mention | One-to-four family
Loan grade for each loan by portfolio segment and class
Loans, gross amount
Originated Loans | Special mention | Multi-family
Loan grade for each loan by portfolio segment and class
Loans, gross amount
Originated Loans | Special mention | Home equity
Loan grade for each loan by portfolio segment and class
Loans, gross amount
Originated Loans | Special mention | Nonresidential
Loan grade for each loan by portfolio segment and class
Loans, gross amount
Originated Loans | Special mention | Agricultural
Loan grade for each loan by portfolio segment and class
Loans, gross amount
Originated Loans | Special mention | Construction and land
Loan grade for each loan by portfolio segment and class
Loans, gross amount
Originated Loans | Special mention | Commercial and industrial
Loan grade for each loan by portfolio segment and class
Loans, gross amount
Originated Loans | Special mention | Consumer and other loans
Loan grade for each loan by portfolio segment and class
Loans, gross amount
Originated Loans | Substandard
Loan grade for each loan by portfolio segment and class
Loans, gross amount	2,160
Originated Loans | Substandard | Real estate loans
Loan grade for each loan by portfolio segment and class
Loans, gross amount	2,160
Originated Loans | Substandard | One-to-four family
Loan grade for each loan by portfolio segment and class
Loans, gross amount	2,160
Originated Loans | Substandard | Multi-family
Loan grade for each loan by portfolio segment and class
Loans, gross amount
Originated Loans | Substandard | Home equity
Loan grade for each loan by portfolio segment and class
Loans, gross amount
Originated Loans | Substandard | Nonresidential
Loan grade for each loan by portfolio segment and class
Loans, gross amount
Originated Loans | Substandard | Agricultural
Loan grade for each loan by portfolio segment and class
Loans, gross amount
Originated Loans | Substandard | Construction and land
Loan grade for each loan by portfolio segment and class
Loans, gross amount
Originated Loans | Substandard | Commercial and industrial
Loan grade for each loan by portfolio segment and class
Loans, gross amount
Originated Loans | Substandard | Consumer and other loans
Loan grade for each loan by portfolio segment and class
Loans, gross amount
Originated Loans | Doubtful
Loan grade for each loan by portfolio segment and class
Loans, gross amount
Originated Loans | Doubtful | Real estate loans
Loan grade for each loan by portfolio segment and class
Loans, gross amount
Originated Loans | Doubtful | One-to-four family
Loan grade for each loan by portfolio segment and class
Loans, gross amount
Originated Loans | Doubtful | Multi-family
Loan grade for each loan by portfolio segment and class
Loans, gross amount
Originated Loans | Doubtful | Home equity
Loan grade for each loan by portfolio segment and class
Loans, gross amount
Originated Loans | Doubtful | Nonresidential
Loan grade for each loan by portfolio segment and class
Loans, gross amount
Originated Loans | Doubtful | Agricultural
Loan grade for each loan by portfolio segment and class
Loans, gross amount
Originated Loans | Doubtful | Construction and land
Loan grade for each loan by portfolio segment and class
Loans, gross amount
Originated Loans | Doubtful | Commercial and industrial
Loan grade for each loan by portfolio segment and class
Loans, gross amount
Originated Loans | Doubtful | Consumer and other loans
Loan grade for each loan by portfolio segment and class
Loans, gross amount
Acquired Loans
Loan grade for each loan by portfolio segment and class
Loans, gross amount	95,913	232,032
Acquired Loans | Real estate loans
Loan grade for each loan by portfolio segment and class
Loans, gross amount	93,099	231,285
Acquired Loans | One-to-four family
Loan grade for each loan by portfolio segment and class
Loans, gross amount	51,291	214,735
Acquired Loans | Multi-family
Loan grade for each loan by portfolio segment and class
Loans, gross amount	2,394	254
Acquired Loans | Home equity
Loan grade for each loan by portfolio segment and class
Loans, gross amount	9,410	227
Acquired Loans | Nonresidential
Loan grade for each loan by portfolio segment and class
Loans, gross amount	18,841	8,408
Acquired Loans | Agricultural
Loan grade for each loan by portfolio segment and class
Loans, gross amount	4,282
Acquired Loans | Construction and land
Loan grade for each loan by portfolio segment and class
Loans, gross amount	6,881	7,661
Acquired Loans | Commercial and industrial
Loan grade for each loan by portfolio segment and class
Loans, gross amount	992
Acquired Loans | Consumer and other loans
Loan grade for each loan by portfolio segment and class
Loans, gross amount	1,822	747
Acquired Loans | Pass
Loan grade for each loan by portfolio segment and class
Loans, gross amount	69,298	230,385
Acquired Loans | Pass | Real estate loans
Loan grade for each loan by portfolio segment and class
Loans, gross amount	66,558	229,638
Acquired Loans | Pass | One-to-four family
Loan grade for each loan by portfolio segment and class
Loans, gross amount	41,524	213,088
Acquired Loans | Pass | Multi-family
Loan grade for each loan by portfolio segment and class
Loans, gross amount	2,394	254
Acquired Loans | Pass | Home equity
Loan grade for each loan by portfolio segment and class
Loans, gross amount	9,078	227
Acquired Loans | Pass | Nonresidential
Loan grade for each loan by portfolio segment and class
Loans, gross amount	7,600	8,408
Acquired Loans | Pass | Agricultural
Loan grade for each loan by portfolio segment and class
Loans, gross amount	1,271
Acquired Loans | Pass | Construction and land
Loan grade for each loan by portfolio segment and class
Loans, gross amount	4,691	7,661
Acquired Loans | Pass | Commercial and industrial
Loan grade for each loan by portfolio segment and class
Loans, gross amount	935
Acquired Loans | Pass | Consumer and other loans
Loan grade for each loan by portfolio segment and class
Loans, gross amount	1,805	747
Acquired Loans | Pass Watch
Loan grade for each loan by portfolio segment and class
Loans, gross amount	12,272
Acquired Loans | Pass Watch | Real estate loans
Loan grade for each loan by portfolio segment and class
Loans, gross amount	12,252
Acquired Loans | Pass Watch | One-to-four family
Loan grade for each loan by portfolio segment and class
Loans, gross amount	5,355
Acquired Loans | Pass Watch | Multi-family
Loan grade for each loan by portfolio segment and class
Loans, gross amount
Acquired Loans | Pass Watch | Home equity
Loan grade for each loan by portfolio segment and class
Loans, gross amount	114
Acquired Loans | Pass Watch | Nonresidential
Loan grade for each loan by portfolio segment and class
Loans, gross amount	5,458
Acquired Loans | Pass Watch | Agricultural
Loan grade for each loan by portfolio segment and class
Loans, gross amount	442
Acquired Loans | Pass Watch | Construction and land
Loan grade for each loan by portfolio segment and class
Loans, gross amount	883
Acquired Loans | Pass Watch | Consumer loans
Loan grade for each loan by portfolio segment and class
Loans, gross amount
Acquired Loans | Pass Watch | Commercial and industrial
Loan grade for each loan by portfolio segment and class
Loans, gross amount	16
Acquired Loans | Pass Watch | Consumer and other loans
Loan grade for each loan by portfolio segment and class
Loans, gross amount	4
Acquired Loans | Special mention
Loan grade for each loan by portfolio segment and class
Loans, gross amount	4,691
Acquired Loans | Special mention | Real estate loans
Loan grade for each loan by portfolio segment and class
Loans, gross amount	4,648
Acquired Loans | Special mention | One-to-four family
Loan grade for each loan by portfolio segment and class
Loans, gross amount	1,727
Acquired Loans | Special mention | Multi-family
Loan grade for each loan by portfolio segment and class
Loans, gross amount
Acquired Loans | Special mention | Home equity
Loan grade for each loan by portfolio segment and class
Loans, gross amount	189
Acquired Loans | Special mention | Nonresidential
Loan grade for each loan by portfolio segment and class
Loans, gross amount	1,174
Acquired Loans | Special mention | Agricultural
Loan grade for each loan by portfolio segment and class
Loans, gross amount	1,046
Acquired Loans | Special mention | Construction and land
Loan grade for each loan by portfolio segment and class
Loans, gross amount	512
Acquired Loans | Special mention | Consumer loans
Loan grade for each loan by portfolio segment and class
Loans, gross amount
Acquired Loans | Special mention | Commercial and industrial
Loan grade for each loan by portfolio segment and class
Loans, gross amount	41
Acquired Loans | Special mention | Consumer and other loans
Loan grade for each loan by portfolio segment and class
Loans, gross amount	2
Acquired Loans | Substandard
Loan grade for each loan by portfolio segment and class
Loans, gross amount	9,353
Acquired Loans | Substandard | Real estate loans
Loan grade for each loan by portfolio segment and class
Loans, gross amount	9,342
Acquired Loans | Substandard | One-to-four family
Loan grade for each loan by portfolio segment and class
Loans, gross amount	2,685
Acquired Loans | Substandard | Multi-family
Loan grade for each loan by portfolio segment and class
Loans, gross amount
Acquired Loans | Substandard | Home equity
Loan grade for each loan by portfolio segment and class
Loans, gross amount	29
Acquired Loans | Substandard | Nonresidential
Loan grade for each loan by portfolio segment and class
Loans, gross amount	4,310
Acquired Loans | Substandard | Agricultural
Loan grade for each loan by portfolio segment and class
Loans, gross amount	1,523
Acquired Loans | Substandard | Construction and land
Loan grade for each loan by portfolio segment and class
Loans, gross amount	795
Acquired Loans | Substandard | Commercial and industrial
Loan grade for each loan by portfolio segment and class
Loans, gross amount
Acquired Loans | Substandard | Consumer and other loans
Loan grade for each loan by portfolio segment and class
Loans, gross amount	11
Acquired Loans | Doubtful
Loan grade for each loan by portfolio segment and class
Loans, gross amount	299	1,647
Acquired Loans | Doubtful | Real estate loans
Loan grade for each loan by portfolio segment and class
Loans, gross amount	299	1,647
Acquired Loans | Doubtful | One-to-four family
Loan grade for each loan by portfolio segment and class
Loans, gross amount		1,647
Acquired Loans | Doubtful | Multi-family
Loan grade for each loan by portfolio segment and class
Loans, gross amount
Acquired Loans | Doubtful | Home equity
Loan grade for each loan by portfolio segment and class
Loans, gross amount
Acquired Loans | Doubtful | Nonresidential
Loan grade for each loan by portfolio segment and class
Loans, gross amount	299
Acquired Loans | Doubtful | Agricultural
Loan grade for each loan by portfolio segment and class
Loans, gross amount
Acquired Loans | Doubtful | Construction and land
Loan grade for each loan by portfolio segment and class
Loans, gross amount
Acquired Loans | Doubtful | Commercial and industrial
Loan grade for each loan by portfolio segment and class
Loans, gross amount
Acquired Loans | Doubtful | Consumer and other loans
Loan grade for each loan by portfolio segment and class
Loans, gross amount

LOANS_Details_6

LOANS (Details 6) (USD $)	6 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014
Accretable Yield
Balance at beginning of period, Accretable Yield
New loans purchased, Accretable Yield	-642
Reductions from payments, Accretable Yield
Accretion, Accretable Yield	12
Balance at end of period, Accretable Yield	-630
Carrying Value
Balance at beginning of period, Carrying Value
New loans purchased, Carrying Value	9,671
Reductions from payments, Carrying Value	-68
Accretion, Carrying Value	12
Balance at end of period, Carrying Value	$9,615

LOANS_Details_7

LOANS (Details 7) (USD $)	Dec. 31, 2014
In Thousands, unless otherwise specified
LOANS
Contractually required payments receivable	$19,880
Contractual cash flows not expected to be collected (nonaccretable)	-9,567
Expected cash flows	10,313
Accretable yield	-642
Fair value of acquired loans	$9,671

LOANS_Details_8

LOANS (Details 8) (USD $)	6 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014
Certain Loans Acquired In Transfer Accounted For As Debt Securities Future Cash Flow Not Estimable [Roll Forward]
Balance at beginning of period:
Purchased	2,434
Balance at end of the period:	$2,270

FAIR_VALUE_OF_FINANCIAL_INSTRU2

FAIR VALUE OF FINANCIAL INSTRUMENTS (Details) (USD $)	Dec. 31, 2014	Jun. 30, 2014
In Thousands, unless otherwise specified
Financial assets:
Securities available-for-sale	$104,699	$103,806	[1]
Level 2
Financial assets:
Securities available-for-sale	104,699	103,806
Loan servicing rights
Level 3
Financial assets:
Securities available-for-sale
Loan servicing rights	1,341
Recurring basis | Level 2
Financial assets:
Securities available-for-sale	104,699	103,806
Loan servicing rights
Total financial assets	104,699	103,806
Recurring basis | Level 3
Financial assets:
Securities available-for-sale
Loan servicing rights	1,341
Total financial assets	$1,341
[1]	Derived from audited consolidated financial statements

FAIR_VALUE_OF_FINANCIAL_INSTRU3

FAIR VALUE OF FINANCIAL INSTRUMENTS (Details 1) (USD $)	Dec. 31, 2014	Jun. 30, 2014
In Thousands, unless otherwise specified
Impaired real estate loans, with specific allocations:
Loans, net	$1,303	$1,221
Level 3
Impaired real estate loans, with specific allocations:
Loans, net	333,920	233,176
Non-recurring basis | Level 3
Real estate owned, net:
Total non-financial assets	3,234	744
Total assets measured at fair value on a non-recurring basis	4,537	1,965
Non-recurring basis | Level 3 | One-to-four family
Real estate owned, net:
Total non-financial assets	1,526	744
Non-recurring basis | Level 3 | One-to-four family | Impaired loans
Impaired real estate loans, with specific allocations:
Loans, net	1,303	1,221
Non-recurring basis | Level 3 | Nonresidential
Impaired real estate loans, with specific allocations:
Loans, net
Real estate owned, net:
Total non-financial assets	768
Non-recurring basis | Level 3 | Construction and land
Impaired real estate loans, with specific allocations:
Loans, net
Real estate owned, net:
Total non-financial assets	$940

FAIR_VALUE_OF_FINANCIAL_INSTRU4

FAIR VALUE OF FINANCIAL INSTRUMENTS (Details 2) (Recurring basis, Level 3, USD $)	6 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014
Recurring basis | Level 3
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance at beginning of period:
Purchases	1,369
Total losses included in earnings	-28
Balance at end of period:	$1,341

FAIR_VALUE_OF_FINANCIAL_INSTRU5

FAIR VALUE OF FINANCIAL INSTRUMENTS (Details 3) (USD $)	6 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014	Jun. 30, 2014
Valuation techniques
Impaired real estate loans net, with specific allocations	1,303	$1,221
Real estate owned	3,234	744	[1]
Level 3
Valuation techniques
Impaired real estate loans net, with specific allocations	333,920	233,176
Non-recurring basis | Level 3 | One-to-four family | Sales comparison approach
Valuation techniques
Real estate owned	1,526	744
Non-recurring basis | Level 3 | One-to-four family | Sales comparison approach | Minimum
Valuation techniques
Adjustment for differences between the comparable sales (as a percent)	0.00%
Non-recurring basis | Level 3 | One-to-four family | Sales comparison approach | Maximum
Valuation techniques
Adjustment for differences between the comparable sales (as a percent)	20.00%
Non-recurring basis | Level 3 | One-to-four family | Sales comparison approach | Weighted Average
Valuation techniques
Adjustment for differences between the comparable sales (as a percent)	10.00%
Non-recurring basis | Level 3 | One-to-four family | Impaired loans
Valuation techniques
Impaired real estate loans net, with specific allocations	1,303	1,221
Non-recurring basis | Level 3 | One-to-four family | Impaired loans | Sales comparison approach
Valuation techniques
Impaired real estate loans net, with specific allocations	1,303	1,221
Non-recurring basis | Level 3 | One-to-four family | Impaired loans | Sales comparison approach | Minimum
Valuation techniques
Adjustment for differences between the comparable sales (as a percent)	0.00%
Non-recurring basis | Level 3 | One-to-four family | Impaired loans | Sales comparison approach | Maximum
Valuation techniques
Adjustment for differences between the comparable sales (as a percent)	30.00%
Non-recurring basis | Level 3 | One-to-four family | Impaired loans | Sales comparison approach | Weighted Average
Valuation techniques
Adjustment for differences between the comparable sales (as a percent)	15.00%
Non-recurring basis | Level 3 | Nonresidential
Valuation techniques
Impaired real estate loans net, with specific allocations
Real estate owned
Non-recurring basis | Level 3 | Nonresidential | Sales comparison approach
Valuation techniques
Real estate owned	768
Non-recurring basis | Level 3 | Nonresidential | Sales comparison approach | Minimum
Valuation techniques
Adjustment for differences between the comparable sales (as a percent)	0.00%
Non-recurring basis | Level 3 | Nonresidential | Sales comparison approach | Maximum
Valuation techniques
Adjustment for differences between the comparable sales (as a percent)	20.00%
Non-recurring basis | Level 3 | Nonresidential | Sales comparison approach | Weighted Average
Valuation techniques
Adjustment for differences between the comparable sales (as a percent)	10.00%
Non-recurring basis | Level 3 | Construction and land
Valuation techniques
Impaired real estate loans net, with specific allocations
Real estate owned
Non-recurring basis | Level 3 | Construction and land | Sales comparison approach
Valuation techniques
Real estate owned	940
Non-recurring basis | Level 3 | Construction and land | Sales comparison approach | Minimum
Valuation techniques
Adjustment for differences between the comparable sales (as a percent)	0.00%
Non-recurring basis | Level 3 | Construction and land | Sales comparison approach | Maximum
Valuation techniques
Adjustment for differences between the comparable sales (as a percent)	20.00%
Non-recurring basis | Level 3 | Construction and land | Sales comparison approach | Weighted Average
Valuation techniques
Adjustment for differences between the comparable sales (as a percent)	10.00%
[1]	Derived from audited consolidated financial statements

FAIR_VALUE_OF_FINANCIAL_INSTRU6

FAIR VALUE OF FINANCIAL INSTRUMENTS (Details 4) (USD $)	Dec. 31, 2014		Jun. 30, 2014
In Thousands, unless otherwise specified
Financial assets
Securities available-for-sale	$104,699		$103,806	[1]
Loans, net	1,303		1,221
Carrying Amount
Financial assets
Securities available-for-sale	104,699		103,806
Loans, net	330,902		229,931
Loans held for sale	591	[2]
Loan servicing rights	1,341
Restricted equity securities	467	[3]	325	[3]
Financial liabilities
Deposits	407,355		281,015
Level 1
Financial assets
Securities available-for-sale
Loans, net
Loans held for sale		[2]
Loan servicing rights
Restricted equity securities		[3]		[3]
Financial liabilities
Deposits	134,495		80,904
Level 2
Financial assets
Securities available-for-sale	104,699		103,806
Loans, net
Loans held for sale		[2]
Loan servicing rights
Restricted equity securities		[3]		[3]
Financial liabilities
Deposits	275,414		200,662
Level 3
Financial assets
Securities available-for-sale
Loans, net	333,920		233,176
Loans held for sale	604	[2]
Loan servicing rights	1,341
Restricted equity securities		[3]		[3]
Financial liabilities
Deposits
Fair Value
Financial assets
Securities available-for-sale	104,699		103,806
Loans, net	333,920		233,176
Loans held for sale	604	[2]
Loan servicing rights	1,341
Restricted equity securities		[3]		[3]
Financial liabilities
Deposits	$409,909		$281,566
[1]	Derived from audited consolidated financial statements
[2]	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 2 classification.
[3]	It was not practicable to determine fair value of restricted equity securities due to restrictions placed on transferability.

FAIR_VALUE_OF_FINANCIAL_INSTRU7

FAIR VALUE OF FINANCIAL INSTRUMENTS (Detail Textuals) (USD $)	6 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014	Jun. 30, 2014
FAIR VALUE OF FINANCIAL INSTRUMENTS
Loans Receivable, Fair Value Disclosure	$1,303	$1,221
Valuation allowances of impaired loans	54	52
Provision for loan losses change in valuation allowance decrease amount	9
Outstanding balance of real estate	3,234	80
Valuation allowance	744	164
Real estate owned, net	$3,392

EMPLOYEE_STOCK_OWNERSHIP_PLAN_1

EMPLOYEE STOCK OWNERSHIP PLAN (Details) (USD $)	Dec. 31, 2014	Jun. 30, 2014
In Thousands, except Share data, unless otherwise specified
Shares held by the ESOP
Committed to be released to participants		9,464
Allocated to participants	85,248	57,902
Unearned	163,594	181,476
Total ESOP shares	248,842	248,842
Fair value of unearned shares	$3,255,521	$3,277,457

EMPLOYEE_STOCK_OWNERSHIP_PLAN_2

EMPLOYEE STOCK OWNERSHIP PLAN (Detail Textuals) (USD $)	1 Months Ended	3 Months Ended		6 Months Ended
In Thousands, except Share data, unless otherwise specified	Jun. 30, 2011	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2014	Dec. 31, 2013
EMPLOYEE STOCK OWNERSHIP PLAN
Employee stock ownership plan employer loan for shares	248,842
Common stock share price	$10
ESOP compensation expense recognized		$218	$162	$294	$229
Additional discretionary contribution to ESOP		100
Additional compensation expense		$140

STOCK_BASED_COMPENSATION_Detai

STOCK BASED COMPENSATION (Details) (Stock options, USD $)	6 Months Ended
In Thousands, except Share data, unless otherwise specified	Dec. 31, 2014
Stock options
Options
Outstanding at the beginning of the period (in shares)	240,986
Granted (in shares)
Exercised (in shares)
Forfeited (in shares)
Outstanding at the end of the period (in shares)	240,986
Fully vested and exercisable at the end of the period (in shares)	86,227
Expected to vest in future periods (in shares)	154,759
Fully vested and expected to vest at the end of the period (in shares)	240,986
Weighted Average Exercise Price/Share
Outstanding at the beginning of the period (in dollars per share)	$11.58
Granted (in dollars per share)
Exercised (in dollars per share)
Forfeited (in dollars per share)
Outstanding at the end of the period (in dollars per share)	$11.58
Fully vested and exercisable at the end of the period (in dollars per share)	$11.58
Fully vested and expected to vest at the end of the period (in dollars per share)	$11.58
Weighted Average Remaining Contractual Life (in years)
Outstanding at the end of the period	7 years 4 months 13 days
Fully vested and exercisable at the end of the period	7 years 4 months 13 days
Fully vested and expected to vest at the end of the period	7 years 4 months 13 days
Aggregate Intrinsic Value
Outstanding at the end of the period	$2,005,004	[1]
Fully vested and exercisable at the end of the period	717,409	[1]
Fully vested and expected to vest at the end of the period	$2,005,004	[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 $19.90 per share on December 31, 2014.

STOCK_BASED_COMPENSATION_Detai1

STOCK BASED COMPENSATION (Details 1) (Stock options, Weighted average, USD $)	12 Months Ended
	Jun. 30, 2014	Jun. 30, 2012
Stock options | Weighted average
Weighted average assumptions
Risk-free interest rate (as a percent)	2.32%	1.54%
Expected dividend yield (as a percent)	2.33%	3.45%
Expected stock volatility (as a percent)	15.50%	15.30%
Expected life (years)	8 years	8 years
Fair value (in dollars per share)	$2.46	$1

STOCK_BASED_COMPENSATION_Detai2

STOCK BASED COMPENSATION (Details 2) (USD $)	6 Months Ended	0 Months Ended		6 Months Ended
	Dec. 31, 2013	Nov. 13, 2013	Apr. 27, 2012	Dec. 31, 2014
Non-vested stock activity
Granted (in shares)	12,600
Restricted stock
Non-vested stock activity
Balance - beginning of year (in shares)				67,699
Granted (in shares)		12,600
Forfeited (in shares)
Vested (in shares)				-1,800
Balance - end of period (in shares)				65,899
Weighted average grant date fair value (in dollars per share)		$17.16	$11.58	$12.29

STOCK_BASED_COMPENSATION_Detai3

STOCK BASED COMPENSATION (Detail Textuals) (USD $)	6 Months Ended	0 Months Ended		3 Months Ended		6 Months Ended
In Thousands, except Share data, unless otherwise specified	Dec. 31, 2013	Nov. 13, 2013	Apr. 27, 2012	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2014	Jun. 30, 2011	Apr. 05, 2012
Stock based compensation
Granted (in shares)	12,600
Stock-based compensation
Closing price (in dollars per share)							$10
Maximum | Common Stock
Stock based compensation
Shares authorized								435,472
Stock options
Stock based compensation
Granted (in shares)
Vesting period		7 years
Expiration period (in years)		10 years	10 years
Stock-based compensation
Options earned (in shares)	21,425					21,835
Stock-based compensation expense	22			$11	$22	$11
Total unrecognized compensation cost related to stock options				134		134
Closing price (in dollars per share)				$19.90		$19.90
Stock options | Minimum
Stock based compensation
Vesting period			5 years
Stock options | Maximum
Stock based compensation
Shares authorized								311,052
Vesting period			7 years
Stock options | Weighted average
Stock based compensation
Vesting period			5 years 8 months 12 days
Stock-based compensation
Expected period for recognition						3 years
Stock options | Directors
Stock based compensation
Granted (in shares)			62,208
Stock options | Officers
Stock based compensation
Granted (in shares)		7,700	171,078
Restricted stock
Stock based compensation
Granted (in shares)		12,600
Vesting period		7 years
Stock-based compensation
Stock-based compensation expense	97			54	109	51
Unrecognized compensation expense for nonvested restricted stock awards				680		680
Expected period for recognition						3 years 2 months 12 days
Total grant date fair value		216	1,009
Weighted average grant date fair value (in dollars per share)		17.16	11.58			$12.29
Restricted stock | Minimum
Stock based compensation
Vesting period			5 years
Restricted stock | Maximum
Stock based compensation
Shares authorized								124,420
Vesting period			7 years
Restricted stock | Weighted average
Stock based compensation
Vesting period			5 years 7 months 6 days
Restricted stock | Directors
Stock based compensation
Granted (in shares)			24,884
Restricted stock | Officers
Stock based compensation
Granted (in shares)		12,600	62,210

LOAN_SERVICING_RIGHTS_Details

LOAN SERVICING RIGHTS (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014	Jun. 30, 2014
Servicing Assets at Fair Value [Line Items]
Mortgage loan portfolio serviced	$1,341		[1]
Loan servicing rights:
Beginning of period:
Additions	1,369
Change in fair value	-28
End of period:	1,341
FHLMC
Servicing Assets at Fair Value [Line Items]
Mortgage loan portfolio serviced	$141,305
[1]	Derived from audited consolidated financial statements

LOAN_SERVICING_RIGHTS_Detail_T

LOAN SERVICING RIGHTS (Detail Textuals) (USD $)	6 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014
Servicing Assets at Fair Value [Line Items]
Discount rate	9.50%
Weighted average default rate	0.61%
Minimum
Servicing Assets at Fair Value [Line Items]
Prepayment speed assumption	6.90%
Maximum
Servicing Assets at Fair Value [Line Items]
Prepayment speed assumption	19.80%
FHLMC
Servicing Assets at Fair Value [Line Items]
Custodial escrow balances	398

SUPPLEMENTAL_CASH_FLOW_INFORMA2

SUPPLEMENTAL CASH FLOW INFORMATION (Details) (USD $)	6 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013
Cash paid during the period for:
Interest paid	$316	$813
Income taxes paid	1,240	1,380
Supplemental noncash disclosures:
Transfers from loans to real estate owned	152
Unrealized gains (losses) on securities available-for-sale, net	158	-565
Transfer from securities held-to-maturity to available-for-sale		7,805
Unrealized gains on securities held-to-maturity, transferred to available for sale		45
Acquisition:
Assets acquired (excluding goodwill) $3,658	137,291
Liabilities assumed	140,249
Acquisition price (common stock issued to OFED, MHC)	700
Goodwill recorded	$3,658

SUPPLEMENTAL_CASH_FLOW_INFORMA3

SUPPLEMENTAL CASH FLOW INFORMATION (Parentheticals) (Details) (USD $)	6 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014
SUPPLEMENTAL CASH FLOW INFORMATION
Goodwill recorded	$3,658

SUBSEQUENT_EVENTS_Details

SUBSEQUENT EVENTS (Details) (USD $)	3 Months Ended		6 Months Ended		1 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2014	Dec. 31, 2013	Jan. 29, 2015
SUBSEQUENT EVENTS
Dividends declared per share (in dollars per share)	$0.10	$0.10	$0.20	$0.20
Subsequent event | Dividend declared
SUBSEQUENT EVENTS
Dividends declared per share (in dollars per share)					$0.10
Dividends payable, date declared					29-Jan-15
Dividends payable, date of record					12-Feb-15
Dividends payable, date to be paid					26-Feb-15