Equitable Financial (EQFN) 10-K 23 Sep 15 2015 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Jun. 30, 2015	Sep. 18, 2015	Dec. 31, 2014
Document and Entity Information
Entity Registrant Name	Equitable Financial Corp.
Entity Central Index Key	1,635,626
Document Type	10-K
Document Period End Date	Jun. 30, 2015
Amendment Flag	false
Current Fiscal Year End Date	--06-30
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Smaller Reporting Company
Entity Public Float			$ 5,455,930
Entity Common Stock, Shares Outstanding		3,477,227
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	FY

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Jun. 30, 2015	Jun. 30, 2014
Assets
Cash and due from financial institutions	$ 3,037,653	$ 5,364,305
Interest-earning deposits	18,475,000	2,412,000
Total cash and due from financial institutions and interest-earning deposits	21,512,653	7,776,305
Time deposits with financial institutions	500,000	1,250,000
Securities available-for-sale	420,248	882,308
Securities held-to-maturity	3,276,752	3,642,304
Federal Home Loan Bank stock, at cost	226,800	549,600
Loans, net of allowance for loan losses of $2,583,000 and $2,574,000, respectively	178,423,486	157,509,440
Premises and equipment, net	5,551,790	5,463,598
Foreclosed assets, net	349,708	413,200
Accrued interest receivable	1,044,271	983,958
Deferred taxes, net	1,765,189	2,331,287
Other assets	1,958,816	1,070,350
Total assets	215,029,713	181,872,350
Liabilities:
Noninterest-bearing deposits	21,779,092	20,582,628
Interest-bearing deposits	152,989,829	129,180,665
Total deposits	174,768,921	149,763,293
Federal Home Loan Bank borrowings		10,767,815
Advance payments from borrowers for taxes and insurance	404,467	357,091
Accrued interest payable and other liabilities	18,408,315	991,894
Total liabilities	193,581,703	161,880,093
Common stock in ESOP subject to contingent repurchase obligation	$ 516,800	$ 388,585
Commitments and contingencies (Note 13)
Stockholders' equity
Common Stock; $0.01 par value, 14,000,000 shares authorized, 3,297,509 shares issued	$ 32,975	$ 32,975
Additional paid-in capital	13,086,447	13,236,086
Retained earnings	10,185,155	8,902,839
Unearned ESOP Shares	(408,750)	(499,590)
Shares reserved for stock compensation	(465,080)	(698,015)
Treasury Stock at cost, 114,505 shares	(978,682)	(978,682)
Accumulated other comprehensive loss, net of tax	(4,055)	(3,356)
Reclassification of ESOP shares	(516,800)	(388,585)
Total stockholders' equity	20,931,210	19,603,672
Total liabilities and stockholders' equity	$ 215,029,713	$ 181,872,350

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($)	Jun. 30, 2015	Jun. 30, 2014
Condensed Consolidated Statements of Financial Condition
Allowance for loan losses	$ 2,583,000	$ 2,574,000
Common Stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common Stock, shares authorized	14,000,000	14,000,000
Common Stock, shares issued	3,297,509	3,297,509
Treasury Stock, shares	114,505	114,505

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($)	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Interest income:
Loans	$ 7,222,478	$ 6,717,201
Securities	189,111	175,294
Other	22,495	17,713
Total interest income	7,434,084	6,910,208
Interest expense:
Deposits	933,729	765,793
Federal Home Loan Bank borrowings	240,669	241,118
Other	537	6,130
Total interest expense	1,174,935	1,013,041
Net interest income	6,259,149	5,897,167
Provision for loan losses	(557,533)	(681,169)
Net interest income after provision for loan losses	6,816,682	6,578,336
NON-INTEREST INCOME:
Service charges on deposit accounts	577,067	585,075
Brokerage fee income	578,714	537,852
Gain on sale of loans	722,486	536,829
Other loan fees	255,850	182,590
Other income	99,460	74,524
Total non-interest income	2,233,577	1,916,870
NON-INTEREST EXPENSE:
Salaries and employee benefits	4,255,652	3,832,810
Director and committee fees	131,650	124,550
Data processing fees	328,447	524,548
Occupancy and equipment	891,891	897,625
Regulatory fees and deposit insurance premium	196,439	179,156
Advertising and public relations	206,065	202,430
Insurance and surety bond premiums	87,119	87,111
Professional fees	150,253	231,071
Supplies, telephone and postage	260,439	260,743
Other expenses	549,764	585,645
Total non-interest expense	7,057,719	6,925,689
Income before income taxes	1,992,540	1,569,517
Income tax expense	(710,224)	(596,055)
Net income	$ 1,282,316	$ 973,462
Basic earnings per share (in dollars per share)	$ 0.42	$ 0.32
Diluted earnings per share (in dollars per share)	$ 0.41	$ 0.31

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($)	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Condensed Consolidated Statements of Comprehensive Income
Net Income	$ 1,282,316	$ 973,462
Other comprehensive (loss) income:
Unrealized (loss) gain on securities available-for-sale, net of tax	(699)	15,643
Comprehensive income	$ 1,281,617	$ 989,105

Consolidated Statements of Chan

Consolidated Statements of Changes in Stockholders' Equity - USD ($)	Common Equity	Additional Paid In Capital	Retained Earnings	Unearned ESOP Shares	Shares Reserved for Stock Compensation	Treasury Stock	Accumulated Other Comprehensive Loss	Amount Reclassified on ESOP Shares	Total
BALANCE at Jun. 30, 2013	$ 32,975	$ 13,287,155	$ 7,929,377	$ (590,420)	$ (698,015)	$ (978,682)	$ (18,999)	$ (280,880)	$ 18,682,511
Increase (Decrease) in Stockholders' Equity
Net Income			973,462						973,462
Other comprehensive income (loss)							15,643		15,643
Release of 9,084 and 9,083 unearned ESOP shares, respectively		(51,069)		90,830					39,761
Reclassification due to release and changes in fair value of common stock in ESOP subject to contingent repurchase obligation of ESOP shares								(107,705)	(107,705)
BALANCE at Jun. 30, 2014	32,975	13,236,086	8,902,839	(499,590)	(698,015)	(978,682)	(3,356)	(388,585)	19,603,672
Increase (Decrease) in Stockholders' Equity
Net Income			1,282,316						1,282,316
Other comprehensive income (loss)							(699)		(699)
Release of 9,084 and 9,083 unearned ESOP shares, respectively		(33,324)		90,840					57,516
Stock compensation expense		(116,315)			232,935				116,620
Reclassification due to release and changes in fair value of common stock in ESOP subject to contingent repurchase obligation of ESOP shares								(128,215)	(128,215)
BALANCE at Jun. 30, 2015	$ 32,975	$ 13,086,447	$ 10,185,155	$ (408,750)	$ (465,080)	$ (978,682)	$ (4,055)	$ (516,800)	$ 20,931,210

Consolidated Statements of Cha7

Consolidated Statements of Changes in Stockholders' Equity (Parenthetical) - shares	12 Months Ended
	Jun. 30, 2015	Dec. 31, 2014	Jun. 30, 2014	Dec. 31, 2013
Condensed Consolidated Statements of Changes in Stockholders' Equity
Release of unearned ESOP shares (in shares)	9,084	9,084	9,083	9,083

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Cash Flows from Operating Activities:
Net Income	$ 1,282,316	$ 973,462
Adjustment to reconcile net income to net cash provided by operating activities:
Depreciation	319,843	271,632
Federal Home Loan Bank stock dividends	(16,700)	(20,400)
ESOP expense	57,516	39,761
Stock compensation expense	116,620
Amortization of deferred loan origination costs, net	460,474	448,186
Amortization of premiums and discounts	17,596	19,223
Amortization of prepayment penalty fee	216,208	204,612
Gain on sale of loans	(722,486)	(536,829)
Loss on sale of foreclosed assets	3,782	3,007
Loss on disposal of premises and equipment	799	2,301
Provision for loan losses	(557,533)	(681,169)
Provision for repurchase reserve	18,102
Provision for foreclosed assets		133,570
Deferred taxes	566,457	443,844
Loans originated for sale	(28,072,495)	(18,925,314)
Proceeds from sale of loans	28,943,974	19,250,990
Loss on investment from low income housing	48,008	28,792
Changes in:
Accrued interest receivable	(60,313)	(198,498)
Other assets	(729,998)	432,701
Accrued interest payable and other liabilities	37,870	(49,057)
Net cash provided by operating activities	1,930,040	1,840,814
Cash Flows from Investing Activities:
Net change in loans	(21,166,456)	(30,419,841)
Proceeds from sale of foreclosed assets, net	59,710	1,205,053
Proceeds from maturity of time deposits with financial institutions	750,000	2,037,000
Securities available-for-sale:
Proceeds from calls and principal repayments	446,346	468,343
Securities held-to-maturity
Proceeds from calls and principal repayments	362,612	403,226
Purchases		(3,207,404)
Purchases of Federal Home Loan Bank stock	(13,500)
Redemption of Federal Home Loan Bank stock	353,000	2,057,900
Purchase of premises and equipment	(408,834)	(159,363)
Net cash used in investing activities	(19,617,122)	(27,615,086)
Cash Flows from Financing Activities:
Net change in deposits	25,005,628	15,005,702
Proceeds in advance of offering	17,354,449
Net change in federal funds purchased and securities sold under agreements to repurchase		(1,015,192)
Proceeds from Federal Home Loan Bank borrowings	1,410,000
Repayments of Federal Home Loan Bank borrowings	(12,394,023)
Net change in advance payments from borrowers for taxes and insurance	47,376	3,670
Net cash provided by financing activities	31,423,430	13,994,180
Increase (decrease) in cash and cash equivalents	13,736,348	(11,780,092)
Cash and Cash Equivalents:
Beginning	7,776,305	19,556,397
Ending	21,512,653	7,776,305
Supplemental Cash Flow Information:
Interest paid on deposits and borrowings	1,177,551	1,023,573
Income taxes paid	$ 122,242	57,557
Supplemental Noncash Disclosure:
Transfer of loans to foreclosed assets		$ 198,180

Nature of Business and Signific

Nature of Business and Significant Accounting Policies	12 Months Ended
	Jun. 30, 2015
Nature of Business and Significant Accounting Policies
Nature of Business and Significant Accounting Policies	Note 1. Nature of Business and Significant Accounting Policies Principles of consolidation : The accompanying consolidated financial statements include the accounts of Equitable Financial Corp. (the "Company") and its wholly owned subsidiary, Equitable Bank (the "Bank"). All significant intercompany transactions and balances are eliminated in consolidation. Plan of Conversion and stock issuance : The Company was organized on November 8, 2005 and is a majority-owned subsidiary of Equitable Financial MHC (the "MHC"). On March 2, 2015, the Boards of Directors of the MHC, the Company and the Bank adopted a Plan of Conversion. Pursuant to the Plan of Conversion, Equitable Financial Corp., a Maryland corporation ("New Equitable"), was organized and the MHC converted from the mutual holding company form of organization to the fully public form on July 8, 2015. As part of the conversion, the MHC's ownership interest in the Company was offered for sale in a public offering. The existing publicly held shares of the Company were exchanged for 1.0911 new shares of common stock of New Equitable. The exchange ratio ensured that immediately after the conversion and public offering, the public stockholders of the Company owned the same aggregate percentage of New Equitable common stock that they owned immediately prior to that time (excluding shares purchased in the stock offering and cash received in lieu of fractional shares). When the conversion and public offering was completed, New Equitable became the holding company of the Bank and succeeded to all of the business and operations of the Company and each of the Company and the MHC ceased to exist. The consolidated financial statements do not include the transactions and balances of the MHC. Nature of business : The primary business of the Company is the ownership of the Bank. Through the Bank, the Company is engaged in the business of retail banking, with operations conducted through its main office and branches, which are located in Grand Island, North Platte and Omaha, Nebraska. The Bank's primary services include accepting deposits, making loans and investing in securities. Use of estimates : In preparing the accompanying consolidated financial statements, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenue and expenses for the reporting period. Estimates significant to the consolidated financial statement include the allowance for loan losses, the fair value of investments and the related determination of other-than-temporary impairment, deferred tax valuation allowances, fair values of financial instruments and foreclosed assets. Actual results could differ from those estimates. The allowance for loan losses is inherently subjective as it requires material estimates that are susceptible to significant change. The fair value disclosure of investments and other financial instruments is an estimate that can be computed within a range. Risks and uncertainties : Changes in economic conditions in the United States, and more specifically Nebraska, could impact the credit worthiness of the Company's borrowers and the borrowers' ability to service their outstanding loans with the Company. Additionally, the Company is subject to interest rate risk in which changes in the interest rate environment could negatively impact the Company's net interest margin. Cash flows : Cash and cash equivalents include cash, deposits with other financial institutions with maturities under 90 days when purchased, and federal funds sold. Net cash flows are reported for customer loan and deposit transactions, and advance payments from borrowers for taxes and insurance. Time deposits with financial institutions : Time deposits with financial institutions are carried at cost. At June 30, 2015, time deposits of $500,000 have maturities of 12 months or less. Securities : Securities are classified as held-to-maturity and carried at amortized cost when management has the positive intent and ability to hold them to maturity. Securities are classified as available-for-sale when they might be sold before maturity. Securities classified as available-for-sale are carried at fair value with unrealized holding gains and losses reported in other comprehensive income or loss, net of tax. Interest income is recognized under the interest method and includes amortization of purchase premium and discount. Gains and losses on sales are recorded on the trade date based on the amortized cost of the security sold and determined using the specific identification method. Declines in the fair value of securities available-for-sale below their amortized cost are evaluated to determine whether the loss is temporary or other-than-temporary. If the Company (a) has the intent to sell a debt security or (b) more-likely-than-not will be required to sell the debt security before its anticipated recovery, then the Company recognizes the entire unrealized loss in earnings as an other-than-temporary loss. If neither of these conditions are met, the Company evaluates whether a credit loss exists. The impairment is separated into (a) the amount of the total impairment related to the credit loss and (b) the amount of total impairment related to all other factors. The amount of the total other-than-temporary impairment related to the credit loss is recognized in earnings and the amount related to all other factors is recognized in other comprehensive income (loss). Collateralized financing transactions : Securities sold under repurchase agreements are generally accounted for as collateralized financing transactions. They are recorded at the amount at which the securities were acquired or sold plus accrued interest. The Company monitors its exposure with respect to securities sold under repurchase agreements, and a request for the return of excess securities held by the counterparty is made when deemed appropriate. The Company pledges assets to collateralize repurchase agreements and other secured financings such as public and trust deposits and other short-term borrowings. Pledged securities that can be sold or repledged by the secured party are classified as securities pledged as collateral on the consolidated balance sheet. The carrying value and classification of securities owned by the Company that have been loaned or pledged to counterparties where those counterparties do not have the right to sell or repledge are as follows: June 30, 2015 June 30, 2014 Securities available-for-sale, at fair value $ $ Securities held-to-maturity, at amortized cost Federal Home Loan Bank stock : The Bank is a member of the Federal Home Loan Bank (FHLB) system. Members are required to own a certain amount of stock based on the level of borrowings and other factors and may invest in additional amounts. The stock does not have a readily determinable fair value and as such is classified as restricted stock, carried at cost and evaluated for impairment. In accordance with the applicable accounting guidance, the stock's value is determined by the ultimate recoverability of the par value rather than by recognizing temporary declines. The determination of whether the par value will ultimately be recovered is influenced by criteria such as the following: (a) the significance of the decline in net assets of the Federal Home Loan Bank as compared to the capital stock amount and the length of time this situation has persisted (b) commitments by the Federal Home Loan Bank to make payments required by law or regulation and the level of such payments in relation to the operating performance (c) the impact of legislative and regulatory changes on the customer base of the Federal Home Loan Bank and (d) the liquidity position of the Federal Home Loan Bank. With consideration given to the previous criteria, management concluded that the stock was not impaired at June 30, 2015 and June 30, 2014. Loans, net : Loans that management has the intent and ability to hold for the foreseeable future or until maturity or pay-off are stated at their outstanding unpaid principal balances, less an allowance for loan losses, premiums and discounts on loans purchased, and net deferred loan fees/costs. Interest income on loans is recognized over the term of the loan and is calculated using the simple interest method on principal amounts outstanding. Direct loan origination fees and costs are generally being deferred and the net amounts amortized as an adjustment of the related loan's yield. The Company generally amortizes these amounts over the contractual life. Direct loan origination fees and costs related to loans sold to unrelated third parties are recognized as income or expense in the current consolidated statement of income. The Company's portfolio segments are as follows: • Commercial • Agricultural • Residential real estate • Other The Company's classes of loans are as follows: • Commercial—operating • Commercial—real estate • Agricultural—operating • Agricultural—real estate • Residential real estate—1-4 family • Residential real estate—home equity • Other—construction and land • Other—consumer Generally, for all classes of loans, loans are considered past due when contractual payments are delinquent for 31 days or greater. For all classes of loans, loans will generally be placed on nonaccrual status when the loan has become greater than 90 days past due; or when management believes, after considering collection efforts and other factors, that the borrower's financial condition is such that collection of interest is doubtful. When a loan is placed on nonaccrual status, payments received will be applied to the principal balance. However, interest may be taken on a cash basis in the event the loan is fully secured and the risk of loss is minimal. Previously recorded but uncollected interest on a loan placed in nonaccrual status is accounted for as follows: if the previously accrued but uncollected interest and the principal amount of the loan is protected by sound collateral value based upon a current, independent qualified appraisal, such interest may remain on the Company's books. If such interest is not so protected, it is considered a loss with the amount thereof recorded in the current year being reversed against current interest income, and the amount recorded in the prior year being charged against the allowance for possible loan losses. For all classes of loans, nonaccrual loans may be restored to accrual status provided the following criteria are met: • The loan is current, and all principal and interest amounts contractually due have been made, • The loan is well secured and in the process of collection, and • Future principal and interest payments are not in doubt. Troubled debt restructures : Troubled debt restructuring exists when the Company, for economic or legal reasons related to the borrower's financial difficulties, grants a concession (either imposed by court order, law, or agreement between the borrower and the Company) to the borrower that it would not otherwise consider. These concessions could include forgiveness of principal, extension of maturity dates, and reduction of stated interest rates or accrued interest. The Company is attempting to maximize its recovery of the balances of the loans through these various concessionary restructurings. See Note 3 for disclosure of the Company's troubled debt restructurings. Allowance for loan losses : For all portfolio segments, the allowance for loan losses is maintained at the level considered adequate by management of the Company to provide for losses that are probable. The allowance is increased by provisions charged to operating expense and reduced by net charge-offs. Subsequent recoveries, if any, are credited to the allowance. In determining the adequacy of the allowance balance, the Company makes continuous evaluations of the loan portfolio and related off-balance sheet commitments, considers current economic conditions, historical loan loss experience, review of specific problem loans and other factors. A discussion of the risk characteristics and the allowance for loan losses by each portfolio segment follows: For commercial loans, the Company focuses on small and mid-sized businesses in their geographical footprint. The Company provides a wide range of commercial loans, including lines of credit for working capital and operational purposes, and term loans for the acquisition of real estate, facilities, equipment and other purposes. Approval is generally based on the following factors: • Sufficient cash flow to support debt repayment; • Ability and stability of current management of the borrower; • Positive earnings and financial trends; • Earnings projections based on reasonable assumptions; • Financial strength of the industry and business; • Value and marketability of collateral. Collateral for commercial loans generally includes accounts receivable, inventory, equipment and real estate. The lending policy specifies approved collateral types and corresponding maximum advance percentages. The value of collateral pledged on loans typically exceeds the loan amount by a margin sufficient to absorb potential erosion of its value in the event of foreclosure and cover the loan amount plus costs incurred to convert it to cash. The lending policy specifies maximum term limits for commercial loans. For term loans, the typical maximum term is 10 years. The lending policy includes guidelines for real estate appraisals, including minimum appraisal standards based on certain transactions. Where the purpose of the loan is to finance depreciable equipment, the term loan generally does not exceed the estimated useful life of the asset. For lines of credit, the typical maximum term is 1 year. However, longer maturities may be approved if the loan is secured by readily marketable collateral. In addition, the Company often takes personal guarantees to help assure repayment. Loans may be made on an unsecured basis if warranted by the overall financial condition of the borrower. Agricultural loans are subject to underwriting standards and processes similar to commercial loans. The Company provides a wide range of agriculture loans, including lines of credit for working capital and operational purposes, and term loans for the acquisition of real estate, facilities, equipment and other purposes. Approval is generally based on the following factors: • Sufficient cash flow to support debt repayment; • Ability and stability of current management of the borrower; • Positive earnings and financial trends; • Earnings projections based on reasonable assumptions; • Financial strength of the industry and business; and • Value and marketability of collateral. Collateral for agricultural loans generally includes accounts receivable, inventory (typically grain or livestock), equipment and real estate. The lending policy specifies approved collateral types and corresponding maximum advance percentages. The value of collateral pledged on loans typically exceeds the loan amount by a margin sufficient to absorb potential erosion of its value in the event of foreclosure and cover the loan amount plus costs incurred to convert it to cash. The lending policy specifies maximum term limits for agricultural loans. For term loans, the typical maximum term is 10 years. The lending policy includes guidelines for real estate appraisals, including minimum appraisal standards based on certain transactions. Where the purpose of the loan is to finance depreciable equipment, the term loan generally does not exceed the estimated useful life of the asset. For lines of credit, the typical maximum term is 1 year. However, longer maturities may be approved if the loan is secured by readily marketable collateral. In addition, the Company often takes personal guarantees to help assure repayment. Loans may be made on an unsecured basis if warranted by the overall financial condition of the borrower. In some instances for all loans, it may be appropriate to originate or purchase loans that are exceptions to the guidelines and limits established within the lending policy described above and below. In general, exceptions to the lending policy do not significantly deviate from the guidelines and limits established within the lending policy and, if there are exceptions, they are clearly noted as such and specifically identified in loan approval documents. For commercial loans and agricultural loans, the allowance for estimated losses on loans consists of specific and general components. The specific component relates to loans that are classified as impaired, as defined below. For those loans that are classified as impaired, an allowance is established when the discounted cash flows (or collateral value or observable market price) of the impaired loan is lower than the carrying value of that loan. For commercial loans and agricultural loans, a loan is considered impaired when, based on current information and events, it is probable that the Company will be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the loan agreement. Factors considered by management in determining impairment include payment status, collateral value, and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and payment shortfalls generally are not classified as impaired. Management determines the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower's prior payment record and the amount of the shortfall in relation to the principal and interest owed. Impairment is measured on a case-by-case basis by either the present value of expected future cash flows discounted at the loan's effective interest rate, the loan's obtainable market price, or the fair value of the collateral if the loan is collateral dependent. The general component consists of quantitative and qualitative factors and covers non-impaired loans. The quantitative factors are based on historical charge-off experience. The qualitative factors are determined based on an assessment of internal and/or external influences on credit quality that are not fully reflected in the historical loss data. The Company's credit quality indicator for all loans excluding commercial loans is past due or performance status. The Company's credit quality indicator for commercial loans is internal risk ratings. For commercial and agriculture loans, the Company utilizes the following internal risk rating scale: 1. Highest Quality —Loans represent a credit extension of the highest quality. Excellent liquidity, management and character in an industry with favorable conditions. High quality financial information, history of strong cash flows and superior collateral including readily marketable assets, prime real estate, U.S. government securities, U.S. government agencies, highly rated municipal bonds, insured savings accounts, and insured certificates of deposit drawn on high-quality financial institutions. 2. Good Quality —Loans which have a sound primary and secondary source of repayment. Strong to good liquidity, management and character in an industry with favorable conditions. Good quality financial information and margins of cash flow coverage is consistently good. Loans may be unsecured, secured by quality (but less readily marketable) assets, high quality real estate or traded stocks, lower grade municipal bonds (which must still be investment grade), and uninsured certificates of deposit on other financial institutions may also be included in this grade. 3. Acceptable Quality —Loans where the borrower is a reasonable credit risk and demonstrates the ability to repay the debt from normal business operations. Good liquidity, management and character in an industry that is more sensitive to external factors. Alternative sources of refinancing may be less available in periods of uncertain economic conditions. Term debt is moderate but cash flow margins fall within bank policy guidelines. Quality of financial information is adequate but is not as detailed and sophisticated as information found on higher-grade loans. Secured by business assets that conform to usual lending parameters for margin and eligibility or real estate that is deemed to be of satisfactory quality in an area that may not be prime but still within viable economic centers. 4. Fair Quality —Loans where the borrower is a reasonable credit risk but shows a more erratic earnings history (a loss may have been realized in the past four years). Liquidity is limited and primary repayment is susceptible to unfavorable external factors. Industry characteristics are generally stable. Borrower is more highly leveraged with increased levels of term debt. Cash flow margins remain adequate but may not fall within the policy guidelines. Quality of financial information is adequate and interim reporting may be required. Secured by business assets with an adequate collateral margin or real estate that is of fair quality and location. Property may have limited alternative uses and may be considered a "special use" facility. 5. Special Mention —Loans in this category have the potential for developing weaknesses that deserve extra attention from the account manager and other management personnel. If the developing weakness is not corrected or mitigated, the ability of the borrower to repay the Company's debt in the future may deteriorate. This grade should not be assigned to loans that bear certain peculiar risks normally associated with the type of financing involved, unless circumstances have caused the risk to increase to a level higher than would have been acceptable when the credit was originally approved. If a loan's actual, not potential, weakness or problems are clearly evident and significant it should generally be graded in one of the following grade categories. 6. Substandard —Loans and other credit extensions are considered to be inadequately protected by the current sound worth and paying capacity of the obligor or of the collateral pledged, if any. These loans, even if apparently protected by collateral value, have a well-defined weakness or weaknesses that jeopardize the liquidation of debt. They are characterized by the distinct possibility that the Company will sustain some loss if the deficiencies are not corrected. Loss potential, while existing in the aggregate amount of substandard loans, does not have to exist in individual loans classified substandard. 7. Doubtful —Loans and other credit extensions have all the weaknesses inherent in those graded "6" 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. The possibility of loss is extremely high, but because of certain important and reasonably specific pending factors, which may work to the advantage and strengthening of the loan, its classification as an estimated loss is deferred until its more exact status may be determined. Pending factors include: proposed merger, acquisition, or liquidation actions; capital injection; perfecting liens on collateral and refinancing plans. Loans in this classification should be placed in non-accrual status, with collections applied to principal. 8. Loss —Loans are considered uncollectible and cannot be justified as a viable asset of the Bank. This classification does not mean the loan has absolutely no recovery value. However, it is not prudent to delay writing off this loan even though partial recovery may be obtained in the future. For commercial and agricultural loans or credit relationships with aggregate exposure greater than $250,000, a loan review is required within 12 months of the most recent credit review. The reviews are completed in enough detail to, at a minimum, validate the risk rating. Additionally, the reviews shall determine whether any documentation exceptions exist, appropriate written analysis is included in the loan file, and whether credit policies have been properly adhered to. Many of the residential real estate loans underwritten by the Company conform to the underwriting requirements of Freddie Mac or other secondary market aggregators to allow the Company to resell loans in the secondary market. Servicing rights are retained on many, but not all, of the residential real estate loans sold in the secondary market. The lending policy establishes minimum appraisal and other credit guidelines. Mortgage loans originated and intended for sale in the secondary market are carried at the lower of aggregate cost or market, as determined by outstanding commitments from investors. As of June 30, 2015 and June 30, 2014, loans held for sale were immaterial to the consolidated financial statements. Periodically, the Company originates first mortgage loans for other investors. Generally, the Company receives fees equivalent to a stated percentage of the loan amount. This fee is recognized as income at the time of closing. From time to time, the Company also originates loans for sale in the secondary market. Gain on sale of loans in the secondary market is included in noninterest income. The Company provides many types of consumer and other loans, including motor vehicle, home improvement, home equity, signature loans and small personal credit lines. The lending policy addresses specific credit guidelines by consumer loan type. For residential real estate loans and consumer and other loans, these large groups of smaller balance homogenous loans are collectively evaluated for impairment. In estimating the allowance for loan losses for these loans, the Company applies quantitative and qualitative factors on a portfolio segment basis. Quantitative factors are based on historical charge-off experience and qualitative factors are based on an assessment of internal and/or external influences on credit quality that are not fully reflected in the historical loss data. Accordingly, the Company generally does not separately identify individual residential real estate loans and/or consumer and other loans for impairment disclosures, unless such loans are the subject of a restructuring agreement due to financial difficulties of the borrower. Troubled debt restructures are considered impaired loans and are subject to the same allowance methodology as described above for impaired loans by portfolio segment. Transfers of financial assets : Transfers of financial assets are accounted for as sales when control over the assets has been surrendered. Control over transferred assets is deemed to be surrendered when: (1) the assets have been isolated from the Company; (2) the transferee has the right to pledge or exchange the assets it received, and no condition both constrains the transferee from taking advantage of its right to pledge or exchange and provides more than a trivial benefit to the transferor; and (3) the Company does not maintain effective control over the transferred assets through an agreement to repurchase them before their maturity or the ability to unilaterally cause the holder to return specific assets. Premises and equipment : Land is carried at cost. Premises and equipment are stated at cost less accumulated depreciation. Depreciation is included in noninterest expense and is computed on 25 to 40 years for buildings and improvements that extend the life of the original building, 10 to 20 years for routine building improvements, 5 to 15 years for furniture and equipment, 5 years for vehicles, and 2 to 5 years for computer equipment. The cost of maintenance and repairs is charged to expense as incurred. Long-term assets : Premises and equipment and other long-term assets are reviewed for impairment when events indicate that their carrying amount may not be recoverable from future undiscounted cash flows. If impaired, the assets are recorded at fair value. No impairment has been recognized by the Company for the years ended June 30, 2015 and 2014. Foreclosed assets : Assets acquired through foreclosure are initially recorded at fair value, less estimated costs to sell, establishing a new cost basis. If the fair value less costs to sell is less than the respective loan balance, a charge against the allowance for loan losses is recorded upon property acquisition. Declines in property value subsequent to acquisition are charged to operations. Holding costs are expensed as incurred. Brokerage fee income : Acting as an agent, the Company earns brokerage income by buying and selling securities on behalf of its customers through independent third parties and earning fees on the transactions. These fees are recorded on the settlement date, which is not materially different than the trade date. Income taxes : Income tax expense or benefit is the sum of the current year income tax due or refundable and the change in the deferred tax assets and liabilities. Deferred tax assets and liabilities are the expected future tax consequence of temporary differences between the carrying amounts and tax basis of assets and liabilities, computed using enacted tax rates. A valuation allowance reduces deferred tax assets to the amount expected to be realized. The Company follows the guidance on accounting for uncertainty in income taxes which allows the Company to recognize the tax benefit from an uncertain tax position only if it is more-likely-than-not that the tax position will be sustained on examination by taxing authorities, based on the technical merits of the position. The tax benefits recognized in the consolidated financial statements from such a position are measured based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement. The guidance on accounting for uncertainty in income taxes also addresses de-recognition, classification, interest and penalties on income taxes, and accounting in interim periods. When applicable, the Company recognizes interest and penalties on income taxes as a component of income tax (benefit) expense. Employee Stock Ownership Plan : The cost of shares issued to the Employee Stock Ownership Plan ("ESOP") but not yet allocated to participants is presented in the consolidated balance sheet as a reduction of stockholders' equity. Compensation expense is recorded based on the market price of the shares as the shares are committed to be released for allocation to participant accounts. Because participants may require the Company to purchase their ESOP shares upon termination of their employment, the appraised fair value of all earned and allocated ESOP shares is reclassified from stockholders' equity. Loan commitments and related financial instruments : Financial instruments include off-balance-sheet credit instruments, such as commitments to make loans and standby letters of credit, issued to meet customer-financing needs. The face amount for these items represents the exposure to loss, before considering customer collateral or ability to repay. Such financial instruments are recorded when they are funded. Fair value of financial instruments : Fair values of financial instruments are estimated using relevant market value information and other assumptions, as more fully disclosed in Note 14. Fair value estimates involve uncertainties and matters of significant judgment regarding interest rates, credit risk, prepayments, and other factors, especially in the absence of broad markets for particular items. Changes in assumptions or in market conditions could significantly affect the estimates. Earnings per share : Basic earnings per share is based on net income divided by the weighted average number of shares outstanding during the period, including allocated and committed to be released ESOP shares. Diluted earnings per share shows the dilutive effect, if any, of additional common shares issuable under stock options or awards. Loss contingencies : Loss contingencies, including claims and legal actions arising in the ordinary course of business, are recorded as liabilities when the likelihood of loss is probable and an amount or range of loss can be reasonably estimated. Management does not believe that there are such matters that will have a material effect on the consolidated financial state

Securities

Securities	12 Months Ended
	Jun. 30, 2015
Securities
Securities	Note 2. Securities The fair value of securities available-for-sale and the related gross unrealized gains and losses recognized in accumulated other comprehensive income (loss) are as follows: June 30, 2015 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Residential mortgage-backed securities $ $ — $ ) $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2014 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Residential mortgage-backed securities $ $ — $ ) $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ The carrying amount, unrecognized gross gains and losses, and fair value of securities held-to-maturity are as follows: June 30, 2015 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Residential mortgage-backed securities $ $ $ — $ Municipal securities — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ $ $ — $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2014 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Residential mortgage-backed securities $ $ $ — $ Municipal securities ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ $ $ ) $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Securities available-for-sale and held-to-maturity consist of investments in bonds securitized by the Government National Mortgage Association and local municipal securities. Interest income from municipal securities approximated $141,000 and $80,000 for the years ended June 30, 2015 and 2014, respectively. The contractual maturities of the residential mortgage-backed securities at June 30, 2015 are not disclosed because the securities are not due at a single maturity date. Expected maturities may differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. Approximately $2.9 million in municipal securities will mature in the year ending June 30, 2019 with the remaining balance maturing in the year ending June 30, 2020. There were no sales of securities for the years ended June 30, 2015 and 2014. The duration of gross unrealized losses is not disclosed as such amounts are immaterial to the consolidated financial statements. The Company has not recognized other-than-temporary impairment on any securities for the years ended June 30, 2015 and 2014.

Loans

Loans	12 Months Ended
	Jun. 30, 2015
Loans
Loans	Note 3. Loans Loans at June 30 are as follows: 2015 2014 Commercial: Operating $ $ Real estate Agricultural: Operating Real estate Residential real estate: 1 - 4 family Home equity Other: Construction and land Consumer ​ ​ ​ ​ ​ ​ ​ ​ Total loans ​ ​ ​ ​ ​ ​ ​ ​ Deferred loan origination costs, net Allowance for loan losses ) ) ​ ​ ​ ​ ​ ​ ​ ​ ) ) ​ ​ ​ ​ ​ ​ ​ ​ Loans, net $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Changes in the allowance for loan losses, by portfolio segment, during the years ended June 30, 2015 and 2014 are summarized as follows: 2015 Commercial Agricultural Residential Real Estate Other Total Balance, beginning $ $ $ $ $ Provision charged to expense ) ) Recoveries — Loans charged off ) — — ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance, ending $ $ $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2014 Commercial Agricultural Residential Real Estate Other Total Balance, beginning $ $ $ $ $ Provision charged to expense ) ) ) ) Recoveries — Loans charged off ) — ) ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance, ending $ $ $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ The allowance for loan losses, by impairment evaluation and portfolio segment, as of June 30, 2015 and 2014, is summarized as follows: 2015 Commercial Agricultural Residential Real Estate Other Total Allowance for loans individually evaluated for impairment $ $ — $ $ — $ Allowance for loans collectively evaluated for impairment ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ $ $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans individually evaluated for impairment $ $ $ $ $ Loans collectively evaluated for impairment ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ $ $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Allowance as a percentage of loans individually evaluated for impairment % % % % % Allowance as a percentage of loans collectively evaluated for impairment % % % % % Allowance as a percentage of total loans evaluated for impairment % % % % % 2014 Commercial Agricultural Residential Real Estate Other Total Allowance for loans individually evaluated for impairment $ $ — $ $ — $ Allowance for loans collectively evaluated for impairment ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ $ $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans individually evaluated for impairment $ $ — $ $ $ Loans collectively evaluated for impairment ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ $ $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Allowance as a percentage of loans individually evaluated for impairment % % % % % Allowance as a percentage of loans collectively evaluated for impairment % % % % % Allowance as a percentage of total loans evaluated for impairment % % % % % The aging in terms of unpaid principal balance of the loan portfolio, by classes of loans, as of June 30, 2015 and 2014, is summarized as follows: 2015 Current 31 - 60 days Past Due 61 - 90 days Past Due > 90 days Past Due (Nonaccrual) Total Classes of loans: Commercial: Operating $ $ $ — $ — $ Real estate — — Agricultural: Operating — — — Real estate — — Residential real estate: 1 - 4 family — Home equity — Other: Construction and land — — — Consumer — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ $ $ $ — $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As a percentage of total loan portfolio % % % % % 2014 Current 31 - 60 days Past Due 61 - 90 days Past Due > 90 days Past Due (Nonaccrual) Total Classes of loans: Commercial: Operating $ $ $ — $ $ Real estate — Agricultural: Operating — — — Real estate — — — Residential real estate: 1 - 4 family Home equity — — Other: Construction and land — — — Consumer — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ $ $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As a percentage of total loan portfolio % % % % % For each class of loans, the following summarizes the unpaid principal balance by credit quality indicator as of June 30, 2015 and 2014: 2015 Commercial— Operating Commercial— Real Estate Agricultural— Operating Agricultural— Real Estate Total Internally assigned risk rating: Highest Quality (rating 1) $ — $ — $ $ $ Good Quality (rating 2) Acceptable Quality (rating 3) Fair Quality (rating 4) Special Mention (rating 5) — — — — — Substandard (rating 6) Doubtful (rating 7) — — — — — Loss (rating 8) — — — — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ $ $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2014 Commercial— Operating Commercial— Real Estate Agricultural— Operating Agricultural— Real Estate Total Internally assigned risk rating: Highest Quality (rating 1) $ $ — $ $ $ Good Quality (rating 2) Acceptable Quality (rating 3) Fair Quality (rating 4) Special Mention (rating 5) — — — Substandard (rating 6) — — Doubtful (rating 7) — — — — — Loss (rating 8) — — — — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ $ $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2015 Residential RE— 1 - 4 Family Residential RE— Home Equity Other—Construction and Land Other— Consumer Total Delinquency status*: Performing $ $ $ $ $ Nonperforming — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ $ $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2014 Residential RE— 1 - 4 Family Residential RE— Home Equity Other—Construction and Land Other— Consumer Total Delinquency status*: Performing $ $ $ $ $ Nonperforming — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ $ $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ * Performing loans are those which are accruing and less than 31 days past due. Nonperforming loans are those on nonaccrual and accruing loans that are greater than or equal to 31 days past due. At June 30, 2015 and June 30, 2014 there were no loans 90 days past due and still accruing. For commercial loans and agricultural loans, the Company's credit quality indicator is internally assigned risk ratings. Each commercial loan is assigned a risk rating upon origination. The risk rating is reviewed every 12 months, at a minimum, and on as needed basis depending on the specific circumstances of the loan. For residential real estate and other loans, the Company's credit quality indicator is performance determined by delinquency status. Delinquency status is updated daily by the Company's loan system. Loans, by classes of loans, considered to be impaired as of June 30, 2015 and 2014 are summarized as follows: 2015 Recorded Investment Unpaid Principal Balance Related Allowance Average Recorded Investment Interest Income Recognized Classes of loans: Impaired loans with no specific allowance recorded: Commercial: Operating $ $ $ — $ $ Real estate — Agricultural: Operating — Real estate — Residential real estate: 1 - 4 family — Home equity — Other: Consumer — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Impaired loans with specific allowance recorded: Commercial: Operating Residential real estate: Home equity ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total impaired loans: Commercial: Operating Real estate — Agricultural: Operating — Real estate — Residential real estate: 1 - 4 family — Home equity Other: Consumer — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ $ $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2014 Recorded Investment Unpaid Principal Balance Related Allowance Average Recorded Investment Interest Income Recognized Classes of loans: Impaired loans with no specific allowance recorded: Commercial: Operating $ $ $ — $ $ Real estate — Residential real estate: 1 - 4 family — Home equity — Other: Consumer — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Impaired loans with specific allowance recorded: Commercial: Operating Residential real estate: 1 - 4 family Home equity ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total impaired loans: Commercial: Operating Real estate — Residential real estate: 1 - 4 family Home equity Other: Consumer — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ $ $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Impaired loans, for which no allowance has been provided as of June 30, 2015 and 2014, have adequate collateral, based on management's current estimates. The following summarizes the number and recorded investment of troubled debt restructurings ("TDRs") as of June 30, 2015 and 2014: June 30, 2015 Number of TDRs Recorded Investment Concession—Extension of maturity: Commercial: Operating $ Real estate Agricultural: Real estate Residential real estate: 1 - 4 family Home equity Other: Consumer ​ ​ ​ ​ ​ ​ ​ ​ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Concession—Reduction of interest rate below market: Commercial: Operating $ Real estate Residential real estate: 1 - 4 family ​ ​ ​ ​ ​ ​ ​ ​ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total: Commercial: Operating $ Real estate Agricultural: Real estate Residential real estate: 1 - 4 family Home equity Other: Consumer ​ ​ ​ ​ ​ ​ ​ ​ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2014 Number of TDRs Recorded Investment Concession—Extension of maturity: Commercial: Operating $ Real estate Residential real estate: 1 - 4 family Home equity Other: Consumer ​ ​ ​ ​ ​ ​ ​ ​ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Concession—Reduction of interest rate below market: Commercial: Operating $ Residential real estate: 1 - 4 family Home equity ​ ​ ​ ​ ​ ​ ​ ​ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total: Commercial: Operating $ Real estate Residential real estate: 1 - 4 family Home equity Other: Consumer ​ ​ ​ ​ ​ ​ ​ ​ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ The following summarizes the number and investment in TDRs, by type of concession, that were restructured during the years ended June 30, 2015 and 2014: For the year ended June 30, 2015 Number of TDRs Recorded Investment Concession—Extension of maturity: Commercial: Operating $ Agricultural: Real estate Residential real estate: 1 - 4 family ​ ​ ​ ​ ​ ​ ​ ​ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Concession—Reduction of interest rate below market: Commercial: Operating $ ​ ​ ​ ​ ​ ​ ​ ​ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total: Commercial: Operating $ Agricultural: Real estate Residential real estate: 1 - 4 family ​ ​ ​ ​ ​ ​ ​ ​ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the year ended June 30, 2014 Number of TDRs Recorded Investment Concession—Extension of maturity: Commercial: Real estate $ ​ ​ ​ ​ ​ ​ ​ ​ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total: Commercial: Real estate $ ​ ​ ​ ​ ​ ​ ​ ​ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Loan Servicing

Loan Servicing	12 Months Ended
	Jun. 30, 2015
Loan Servicing
Loan Servicing	Note 4. Loan Servicing Mortgage loans serviced for others are not included in the accompanying consolidated balance sheets. The unpaid principal balances of these loans were approximately $91,015,000 and $83,808,000 at June 30, 2015 and 2014, respectively. During the years ended June 30, 2015 and 2014, the Company sold approximately $28,944,000 and $19,251,000, respectively, of fixed-rate loans secured by one-to-four family residential real estate, which resulted in a pre-tax gain on the sale of approximately $722,000 and $537,000 for years ended June 30, 2015 and 2014, respectively. The Company entered into an agreement with the FHLB to originate mortgage loans on behalf of the FHLB and to sell closed loans to the FHLB under the FHLB Mortgage Partnership Finance ("MPF") program. Under the terms of the agreement, the Company retains a portion of the credit risk associated with each conventional loan pool under a risk-sharing agreement. The Company's credit losses are capped by the credit enhancement amount established for each pool of loans. Losses beyond that cap are absorbed by the FHLB. At June 30, 2015 and 2014, the amount of conventional loans outstanding that were originated and sold to the FHLB in the MPF was $18,953,634 and $19,652,262, respectively, with possible credit enhancement losses capped at $1,143,402 and $1,109,788 at June 30, 2015 and 2014, respectively. The Company has no history of losses and no losses were accrued in the Company's consolidated financial statements at June 30, 2015 and 2014.

Accrued Interest Receivable

Accrued Interest Receivable	12 Months Ended
	Jun. 30, 2015
Accrued Interest Receivable
Accrued Interest Receivable	Note 5. Accrued Interest Receivable Accrued interest receivable at June 30 is summarized as follows: 2015 2014 Time deposits with other financial institutions $ $ Securities Loans ​ ​ ​ ​ ​ ​ ​ ​ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Premises and Equipment, Net

Premises and Equipment, Net	12 Months Ended
	Jun. 30, 2015
Premises and Equipment, Net
Premises and Equipment, Net	Note 6. Premises and Equipment, Net Premises and equipment, net at June 30 are as follows: 2015 2014 Land and land improvements $ $ Buildings and improvements Furniture and equipment Computer equipment Vehicles — ​ ​ ​ ​ ​ ​ ​ ​ Less accumulated depreciation ) ) ​ ​ ​ ​ ​ ​ ​ ​ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Depreciation expense was $319,843 and $271,632 for the years ended June 30, 2015 and 2014, respectively.

Deposits

Deposits	12 Months Ended
	Jun. 30, 2015
Deposits
Deposits	Note 7. Deposits Deposits as of June 30 are as follows: 2015 2014 Noninterest-bearing demand $ $ Interest-bearing NOW Money market Savings Certificates of deposit ​ ​ ​ ​ ​ ​ ​ ​ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Certificates of deposit of $100,000 or more were approximately $18,755,000 and $15,408,000 at June 30, 2015 and 2014, respectively. At June 30, 2015, the scheduled maturities of certificates of deposit are as follows: Year Ending June 30, 2016 $ 2017 2018 2019 2020 and beyond ​ ​ ​ ​ ​ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest expense on deposit accounts is summarized as follows for the years ended June 30: 2015 2014 Interest-bearing NOW $ $ Money market Savings Certificates of deposit ​ ​ ​ ​ ​ ​ ​ ​ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Federal Home Loan Bank Borrowin

Federal Home Loan Bank Borrowings and Other Borrowings	12 Months Ended
	Jun. 30, 2015
Federal Home Loan Bank Borrowings and Other Borrowings
Federal Home Loan Bank Borrowings and Other Borrowings	Note 8. Federal Home Loan Bank Borrowings and Other Borrowings FHLB borrowings are summarized as follows: At June 30, 2014 Contractual Interest Rate Range Weighted Ave. Contractual Rate Amount Variable-rate FHLB advances due: Within 1 year 0.300% - 0.300% % $ 1 to 2 years 0.320% - 0.320% % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total variable-rate FHLB advances 0.300% - 0.320% % Open line advances up to $10 million, due on demand 0.240% - 0.240% % — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Less prepayment penalty fee ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total FHLB borrowings 0.240% - 0.320% % $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ The Company maintains a collateral pledge agreement covering secured advances whereby the Company has agreed to pledge certain real estate loans to secure advances from the FHLB of Topeka. All stock in the FHLB of Topeka is pledged as additional collateral for these advances. At June 30, 2015 and 2014, approximately $41.0 million and $31.7 million, respectively, of real estate loans collateralized the advances. At June 30, 2015, the Company had the ability to borrow an additional $39.6 million in FHLB advances. The Company has an unsecured line of credit with Midwest Independent Bank and Pacific Cost Bankers Bank. At June 30, 2015 the Company had no outstanding balance on these lines of credit. At June 30, 2015, the Company had the ability to borrow $5.0 million from Midwest Independent Bank and $4.0 million from Pacific Coast Bankers Bank.

Regulatory Matters

Regulatory Matters	12 Months Ended
	Jun. 30, 2015
Regulatory Matters
Regulatory Matters	Note 9. Regulatory Matters The Bank is subject to regulatory capital requirements administered by the federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory—and possibly additional discretionary—actions by regulators that, if undertaken, could have a direct material effect on the Company's consolidated financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Bank must meet specific capital guidelines that involve quantitative measures of the Bank's assets, liabilities, and certain off-balance-sheet items as calculated under regulatory accounting practices. The Bank's capital amounts and classification are also subject to qualitative judgments by regulators about components, risk weightings, and other factors. The prompt corrective action regulations provide five classifications, including well capitalized, adequately capitalized, undercapitalized, significantly undercapitalized, and critically undercapitalized, although these terms are not used to represent overall financial condition. If only adequately capitalized, regulatory approval is required to accept brokered deposits. If undercapitalized, capital distributions are limited, as is asset growth and expansion, and plans for capital restoration are required. Management believes, as of June 30, 2015, that the Bank meets all capital adequacy requirements to which it is subject. Actual capital levels and minimum required levels for the Bank were: Minimum Required for Capital Adequacy Purposes Minimum Required to Be Well Capitalized Under Prompt Corrective Action Provisions (Dollars in thousands) Amount Ratio Amount Ratio Amount Ratio June 30, 2015 Total capital (to risk-weighted assets) $ % $ % $ % Common equity Tier 1 capital (to risk-weighted assets) % % % Tier 1 (core) capital (to risk-weighted assets) % % % Tier 1 (core) capital (to adjusted total assets) % % % June 30, 2014 Total capital (to risk-weighted assets) $ % $ % $ % Tier 1 (core) capital (to risk-weighted assets) % % % Tier 1 (core) capital (to adjusted total assets) % % % Federal regulations require the Bank to comply with a Qualified Thrift Lender ("QTL") test, which requires that 65% of assets be maintained in housing-related finance and other specified assets. If the QTL test is not met, limits are placed on growth, branching, new investment, FHLB advances, and dividends or the institution must convert to a commercial bank charter. Management believes the QTL test has been met. In July 2013, the Federal Reserve Board and the Federal Deposit Insurance Corporation issued final rules implementing the Basel III regulatory capital framework and related Dodd-Frank Wall Street Reform and Consumer Protection Act changes. The rules revised minimum capital requirements and adjusted prompt corrective action thresholds. The final rules revised the regulatory capital elements, added a new common equity Tier 1 capital ratio, increased the minimum Tier 1 capital ratio requirement, and implemented a new capital conservation buffer. The rules also permitted certain banking organizations to retain, through a one-time election, the existing treatment for accumulated other comprehensive income. The final rules took effect for community banks on January 1, 2015, subject to a transition period for certain parts of the rules.

Income Taxes

Income Taxes	12 Months Ended
	Jun. 30, 2015
Income Taxes
Income Taxes	Note 10. Income Taxes Income tax expense for the year ended June 30 is as follows: 2015 (Restated) 2014 Current: Federal $ ) $ ) State ) ) Deferred: Federal ) ) ​ ​ ​ ​ ​ ​ ​ ​ $ ) $ ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ A reconciliation of the provision for income taxes computed at the statutory federal corporate tax rate of 34% to the income tax expense in the statements of income for the year ended June 30 is as follows: 2015 (Restated) 2014 Provision computed at the statutory federal tax rate $ ) $ ) State income taxes, net of federal tax ) ) Release of unearned ESOP shares and stock awards Nondeductible expenses ) ) Return-to-provision, net ) ) Other ) ​ ​ ​ ​ ​ ​ ​ ​ Total income tax expense $ ) $ ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Retained earnings at June 30, 2015 and 2014 include certain historical additions to bad debt reserves of approximately $2,132,000 for which no deferred federal income tax liability has been recorded. This amount represents an allocation of income to bad debt deductions for tax purposes alone. If, in the future, this portion of retained earnings is used for any purpose other than to absorb bad debt losses, federal taxes would be imposed at the then-applicable rates. The related amount of unrecognized deferred tax liability was approximately $725,000 at June 30, 2015 and 2014. At June 30, 2015, the Company had federal net operating loss carryforwards of approximately $3.4 million which will expire in the fiscal years ending June 30, 2029 through 2032. The net deferred tax asset at June 30 is as follows: 2015 (Restated) 2014 Gross deferred tax assets: Allowance for loan losses $ $ Net operating loss carryover Charitable contributions carryover — General business credits Foreclosed asset writedowns Unrealized loss on securities Other ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gross deferred tax liabilities: Additions in excess of base year loan reserve ) ) Depreciation ) ) FHLB stock dividends ) ) Other ) ) ​ ​ ​ ​ ​ ​ ​ ​ ) ) ​ ​ ​ ​ ​ ​ ​ ​ Valuation allowance for deferred tax assets ) ) ​ ​ ​ ​ ​ ​ ​ ​ Net deferred tax asset $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ No significant income tax uncertainties were identified. Therefore, the Company recognized no adjustment for unrecognized income tax benefits during the years ended June 30, 2015 and 2014. Corporate tax returns for the 2012 through 2014 years remain open to examination by taxing authorities. The Company recognizes interest accrued related to unrecognized tax benefits in interest expense and penalties in noninterest expenses. During the years ended June 30, 2015 and 2014, there were no interest and penalties recognized, nor were any balances for the payment of interest and penalties accrued at June 30, 2015 and 2014.

Employee Benefit Plans

Employee Benefit Plans	12 Months Ended
	Jun. 30, 2015
Employee Benefit Plans
Employee Benefit Plans	Note 11. Employee Benefit Plans The Company has a 401(k) and profit sharing plan (the "Plans") covering substantially all employees. Annual contributions to the Plans are made at the discretion of and determined by the Board of Directors. Participant interests are vested over a period from one to five years of service. Contributions were made of $81,000 and $75,000 for the years ended June 30, 2015 and 2014, respectively. On November 8, 2005, the Company adopted an employee stock ownership plan (the "ESOP") for the benefit of substantially all employees. The ESOP borrowed $1,292,620 from the Company and used those funds to acquire 129,262 shares of the Company's stock in connection with the reorganization at a price of $10.00 per share. Shares purchased by the ESOP with the loan proceeds are held in a suspense account and are allocated to ESOP participants on a pro rata basis as principal and interest payments are made by the ESOP to the Company. The loan is secured by shares purchased with the loan proceeds and will be repaid by the ESOP with funds from the Company's discretionary contributions to the ESOP and earnings on ESOP assets. Annual principal and interest payments of approximately $145,000 are to be made by the ESOP. As shares are released from collateral, the Company will report compensation expense equal to the current market price of the shares and the shares will become outstanding for earnings-per-share computations. Dividends on allocated ESOP shares reduce retained earnings; dividends on unearned ESOP shares reduce accrued interest. Because participants may require the Company to purchase their ESOP shares upon termination of their employment, the fair value of all earned and allocated ESOP shares may become a liability. The ESOP has a plan year-end of December 31. On December 31, 2014 and 2013, 9,084 and 9,083 shares, respectively, were allocated to the ESOP. The fair value of the shares allocated approximated $5.62 and $4.10 per share at December 31, 2014 and 2013, respectively. The Company has recorded compensation expense of $57,516 and $39,761 for shares that were released and committed to be released for the years ended June 30, 2015 and 2014, respectively. For presentation purposes, 83,845 released shares and 4,542 shares that have been committed to be released are disclosed as allocated shares as of June 30, 2015, and 74,761 released shares and 4,542 shares that have been committed to be released are disclosed as allocated shares as of June 30, 2014. Shares held by the ESOP at June 30 were as follows: 2015 2014 Allocated shares Unearned ESOP shares ​ ​ ​ ​ ​ ​ ​ ​ Total ESOP shares ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair value of unearned ESOP shares $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair value of allocated shares subject to repurchase obligation $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ The Company approved the Equitable Financial Corp. 2006 Equity Incentive Plan in November 2006. Under this plan, the Company may award up to 161,577 stock options and 64,631 shares of restricted stock to employees and directors.

Earnings per Share

Earnings per Share	12 Months Ended
	Jun. 30, 2015
Earnings per Share
Earnings per Share	Note 12. Earnings per Share Amounts reported in earnings per share reflect earnings available to common stockholders for the period divided by the weighted average number of shares of common stock outstanding during the year. Diluted earnings per share is calculated by dividing earnings available to common stockholders for the period by the sum of the weighted average common shares outstanding and the weighted average dilutive shares. The following table presents a reconciliation of the components used to compute basic earnings per share for the years ended June 30: 2015 2014 Weighted average common shares outstanding Net income available to common stockholders $ $ Basic earnings per share $ $ The following table presents a reconciliation of the components used to compute diluted earnings per share for the years ended June 30: 2015 2014 Weighted average common shares outstanding Weighted average of net additional shares from restricted stock awards ​ ​ ​ ​ ​ ​ ​ ​ Weighted average number of shares outstanding ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net income available to common stockholders $ $ Diluted earnings per share $ $

Loan Commitments and Other Rela

Loan Commitments and Other Related Activities	12 Months Ended
	Jun. 30, 2015
Loan Commitments and Other Related Activities
Loan Commitments and Other Related Activities	Note 13. Loan Commitments and Other Related Activities The Company is party to various financial instruments with off-balance-sheet risk. The Company uses these financial instruments in the normal course of business to meet the financing needs of customers and to effectively manage exposure to interest rate risk. These financial instruments include commitments to extend credit, standby letters of credit, and unused lines of credit. When viewed in terms of the maximum exposure, these instruments may involve, to varying degrees, elements of credit and interest rate risk in excess of the amount recognized in the consolidated balance sheets. Credit risk is the possibility that a counterparty to a financial instrument will be unable to perform its contractual obligations. Interest rate risk is the possibility that, due to changes in economic conditions, the Company's net interest income will be adversely affected. The following is a summary of the contractual or notional amount of each significant class of off-balance-sheet financial instruments outstanding. The Company's exposure to credit loss in the event of nonperformance by the counterparty for commitments to extend credit, standby letters of credit, and unused lines of credit is represented by the contractual or notional amount of these instruments. The contractual or notional amounts as of June 30 are as follows: 2015 2014 Financial instruments wherein contractual amounts represent credit risk: Commitments to extend credit $ $ Standby letters of credit Unused lines of credit At June 30, 2015, fixed-rate commitments were approximately $16,316,000. Since many of the commitments are expected to expire without being drawn upon, the total commitment amounts do not necessarily represent future cash requirements. The Company evaluates each customer's creditworthiness on a case-by-case basis. The amount of collateral obtained, if it is deemed necessary, by the Company upon extension of credit, is based on management's credit evaluation of the counterparty. The collateral held varies but primarily consists of single-family residential real estate. The Company is party to an operating lease for a branch facility, with expiration in June 2017. Future commitments under the operating lease approximate the following: Year Ending June 30, 2016 $ 2017 Rental expense, included in occupancy and equipment expense in the consolidated statements of income, totaled approximately $125,000 and $159,000 for the years ended June 30, 2015 and 2014, respectively.

Fair Value Measurements

Fair Value Measurements	12 Months Ended
	Jun. 30, 2015
Fair Value Measurements
Fair Value Measurements	Note 14. Fair Value Measurements The Fair Value Measurements and Disclosures Topic of the FASB Accounting Standards Codification defines fair value, establishes a framework for measuring fair value and requires disclosure of fair value measurements. The fair value hierarchy set forth in the Topic is as follows: 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. There were no transfers between levels during the years ended June 30, 2015 and 2014, nor were there any changes in valuation techniques used for assets or liabilities measured at fair value at June 30, 2015 and 2014. Assets and liabilities recorded at fair value on a recurring basis : A description of the valuation methodologies used for assets and liabilities measured at fair value on a recurring basis, as well as the general classification of such instruments pursuant to the valuation hierarchy, is set forth below: Securities Available-for-Sale— Where quoted prices are available in an active market, securities are classified within Level 1 of the valuation hierarchy. Level 1 securities would include highly liquid government bonds and exchange traded equities. If quoted market prices are not available, then fair values are estimated by using pricing models, quoted prices of securities with similar characteristics, or discounted cash flow. Level 2 securities would include U.S. agency securities, mortgage-backed agency securities, obligations of states and political subdivisions and certain corporate, asset backed and other securities. In certain cases where there is limited activity or less transparency around inputs to the valuation, securities are classified within Level 3 of the valuation hierarchy. The following tables summarize assets and liabilities measured at fair value on a recurring basis as of June 30, 2015 and 2014, segregated by the level of the valuation inputs within the fair value hierarchy utilized to measure fair value: Fair Value Measurement at June 30, 2015 Using Total Quoted Prices in Active Markets for Identical Assets Level 1 Significant Other Observable Inputs Level 2 Significant Unobservable Inputs Level 3 Assets Securities available-for-sale $ $ — $ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total assets $ $ — $ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value Measurement at June 30, 2014 Using Total Quoted Prices in Active Markets for Identical Assets Level 1 Significant Other Observable Inputs Level 2 Significant Unobservable Inputs Level 3 Assets Securities available-for-sale $ $ — $ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total assets $ $ — $ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Assets and liabilities recorded at fair value on a nonrecurring basis : A description of the valuation methodologies used for assets and liabilities measured at fair value on a nonrecurring basis, as well as the general classification of such instruments pursuant to the valuation hierarchy, is set forth below. Impaired Loans— From time to time, a loan is considered impaired and an allowance for credit losses is established. The specific reserves for collateral dependent impaired loans are based on the fair value of the collateral less estimated costs to sell. The fair value of collateral was determined based on appraisals. In some cases, adjustments were made to the appraised values due to various factors including age of the appraisal, age of comparables included in the appraisal, and known changes in the market and in the collateral. When significant adjustments were based on unobservable inputs, the resulting fair value measurement has been categorized as a Level 3 measurement. Foreclosed Assets— Foreclosed assets are carried at estimated fair value of the property, less disposal costs. The fair value of the property is determined based upon appraisals. As with impaired loans, if significant adjustments are made to the appraised value, based on unobservable inputs, the resulting fair value measurement has been categorized as a Level 3 measurement. The following tables summarize assets and liabilities measured at fair value on a nonrecurring basis as of June 30, 2015 and 2014, segregated by the level of the valuation inputs within the fair value hierarchy utilized to measure fair value: Fair Value Measurement at June 30, 2015 Using Total Quoted Prices in Active Markets for Identical Assets Level 1 Significant Other Observable Inputs Level 2 Significant Unobservable Inputs Level 3 Assets Impaired loans $ $ — $ — $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total assets $ $ — $ — $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value Measurement at June 30, 2014 Using Total Quoted Prices in Active Markets for Identical Assets Level 1 Significant Other Observable Inputs Level 2 Significant Unobservable Inputs Level 3 Assets Impaired loans $ $ — $ — $ Foreclosed assets — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total assets $ $ — $ — $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ The Financial Instruments Topic of the FASB Accounting Standards Codification requires disclosure of fair value information about financial instruments, whether or not recognized in the balance sheet, for which it is practicable to estimate that value. Fair value is determined under the framework discussed above. The Topic excludes all nonfinancial instruments from its disclosure requirements. Accordingly, the aggregate fair value amounts presented do not represent the underlying value of the Company. The following methods and assumptions used in estimating fair value disclosure for financial instruments are described below: Cash and due from financial institutions— For cash and due from financial institutions, the current carrying amount is a reasonable estimate of fair value. Time deposits with financial institutions— The fair value of fixed rate time deposits is estimated by discounting the future cash flows using the current rates for the same remaining maturities. The fair value of variable rate time deposits approximates carrying value. Securities— The fair value of securities is determined using quoted prices, when available in an active market. If quoted market prices are not available, then fair values are estimated by using pricing models, quoted prices of securities with similar characteristics, or a discounted cash flows model. Federal Home Loan Bank stock— For restricted equity securities, the carrying value approximates fair value. Loans, net— The fair value of fixed rate loans is estimated by discounting the future cash flows using the current rates at which similar loans would be made to borrowers with similar credit ratings and for the same remaining maturities. The fair value of variable rate loans approximates carrying value. Deposits— The carrying value of noninterest-bearing deposits approximates fair value. The fair value of fixed rate deposits is estimated by discounting the future cash flows using the current rates for the same remaining maturities. Federal Home Loan Bank borrowings— The estimated fair value of fixed rate advances from the FHLB is determined by discounting the future cash flows of existing advances using rates currently available on advances from the FHLB having similar characteristics. Adjustable rate advances' carrying value approximates fair value. Accrued interest— The carrying amounts of accrued interest approximate fair value. Off-balance sheet items— The fair value of off-balance-sheet items is based on current fees or cost that would be charged to enter into or terminate such arrangements. These were not considered material and are not presented in the below tables. The estimated fair value of financial instruments is as follows: June 30, 2015 Fair Value Hierarchy Level Carrying Amount Estimated Fair Value Financial assets: Cash and due from financial institutions Level 1 $ $ Time deposits with financial institutions Level 2 Securities available-for-sale See previous table Securities held-to-maturity Level 2 Federal Home Loan Bank stock Level 1 Loans, net Level 2 Accrued interest receivable Level 1 Financial liabilities: Noninterest-bearing deposits Level 2 Interest-bearing deposits Level 2 Accrued interest payable and other liabilities Level 1 June 30, 2014 Fair Value Hierarchy Level Carrying Amount Estimated Fair Value Financial assets: Cash and due from financial institutions Level 1 $ $ Time deposits with financial institutions Level 2 Securities available-for-sale See previous table Securities held-to-maturity Level 2 Federal Home Loan Bank stock Level 1 Loans, net Level 2 Accrued interest receivable Level 1 Financial liabilities: Noninterest-bearing deposits Level 2 ) ) Interest-bearing deposits Level 2 ) ) Federal Home Loan Bank borrowings Level 2 ) ) Accrued interest payable and other liabilities Level 1 ) )

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss)	12 Months Ended
	Jun. 30, 2015
Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income (Loss)	Note 15. Accumulated Other Comprehensive Income (Loss) Accumulated other comprehensive income (loss) components at June 30 were as follows: 2015 2014 Unrealized holding gains (losses) on securities available-for-sale $ ) $ ) Tax benefit ​ ​ ​ ​ ​ ​ ​ ​ $ ) $ ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Transactions with Related Parti

Transactions with Related Parties	12 Months Ended
	Jun. 30, 2015
Transactions with Related Parties
Transactions with Related Parties	Note 16. Transactions with Related Parties In the ordinary course of business, the Company granted loans to principal officers, directors, and their affiliates. Annual activity consisted of the following for the year ended June 30: 2015 2014 Beginning balance $ $ New loans or transfers in Repayments or transfers out ) ) ​ ​ ​ ​ ​ ​ ​ ​ Ending balance $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Deposits from principal officers, directors, and their affiliates at June 30, 2015 and 2014 approximated $328,000 and $314,000, respectively.

Restatement to Previously-Issue

Restatement to Previously-Issued Consolidated Financial Statements	12 Months Ended
	Jun. 30, 2015
Restatement to Previously-Issued Consolidated Financial Statements
Restatement to Previously-Issued Consolidated Financial Statements	Note 17. Restatement to Previously-Issued Consolidated Financial Statements The Company's consolidated financial statements and related notes for the year ended June 30, 2014, which have been previously-issued, have been restated to correctly reflect the deferred tax liability that arises from amounts in excess of the base-year loan reserves on a tax-basis pursuant to FASB Accounting Standards Codification 942-740-25-2. As a result of the restatement, the Company's previously-reported net deferred tax assets and retained earnings at June 30, 2014 were reduced by $362,000. The Company's previously-reported deferred income tax expense for the year ended June 30, 2014 was increased by $327,000. The Company's cash flows were not impacted by the previously described restatement.

Condensed Financial Information

Condensed Financial Information (Holding Company Only)	12 Months Ended
	Jun. 30, 2015
Condensed Financial Information (Holding Company Only)
Condensed Financial Information (Holding Company Only)	Note 18. Condensed Financial Information (Holding Company Only) Condensed Balance Sheets June 30 2015 2014 Assets Cash and due from financial institutions $ $ Investment in Bank Other assets ​ ​ ​ ​ ​ ​ ​ ​ Total assets $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Liabilities and stockholders' equity Other liabilities $ $ Stockholders' equity ​ ​ ​ ​ ​ ​ ​ ​ Total liabilities and stockholders' equity $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Condensed Statements of Income Years Ended June 30 2015 2014 Interest income $ $ Professional fees and other expenses ​ ​ ​ ​ ​ ​ ​ ​ Loss before income tax and equity in undistributed net income of subsidiary ) ) Income tax benefit ​ ​ ​ ​ ​ ​ ​ ​ Loss before equity in undistributed net income of subsidiary ) ) Equity in undistributed net income of subsidiary ​ ​ ​ ​ ​ ​ ​ ​ Net income $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Comprehensive income $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Condensed Statements of Cash Flows Years Ended June 30 2015 2014 Cash Flows from Operating Activities: Net income $ $ Items not providing cash ) ) ​ ​ ​ ​ ​ ​ ​ ​ Net cash provided by operating activities ) ​ ​ ​ ​ ​ ​ ​ ​ Cash Flows from Financing Activities: Proceeds in advance of offering — ​ ​ ​ ​ ​ ​ ​ ​ Net cash provided by financing activities — ​ ​ ​ ​ ​ ​ ​ ​ Increase in cash and cash equivalents Cash and Cash Equivalents: Beginning ​ ​ ​ ​ ​ ​ ​ ​ Ending $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Subsequent Event

Subsequent Event	12 Months Ended
	Jun. 30, 2016
Subsequent Event
Subsequent Event	Note 19. Subsequent Event On July 8, 2015, the Company completed a public offering of 1,983,160 shares of common stock, at $8.00 per share, for total gross proceeds $15.9 million. Expenses related to the offering were approximately $1.1 million. Net proceeds of the offering were approximately $14.8 million. The Company contributed $6.9 million of the net proceeds of the offering to Equitable Bank. In addition, $952,000 of the net proceeds were used to fund a loan to Equitable Bank's employee stock ownership plan and approximately $6.9 million was retained by the Company.

Nature of Business and Signif28

Nature of Business and Significant Accounting Policies (Policies)	12 Months Ended
	Jun. 30, 2015
Nature of Business and Significant Accounting Policies
Principles of consolidation	Principles of consolidation : The accompanying consolidated financial statements include the accounts of Equitable Financial Corp. (the "Company") and its wholly owned subsidiary, Equitable Bank (the "Bank"). All significant intercompany transactions and balances are eliminated in consolidation.
Plan of Conversion and stock issuance	Plan of Conversion and stock issuance : The Company was organized on November 8, 2005 and is a majority-owned subsidiary of Equitable Financial MHC (the "MHC"). On March 2, 2015, the Boards of Directors of the MHC, the Company and the Bank adopted a Plan of Conversion. Pursuant to the Plan of Conversion, Equitable Financial Corp., a Maryland corporation ("New Equitable"), was organized and the MHC converted from the mutual holding company form of organization to the fully public form on July 8, 2015. As part of the conversion, the MHC's ownership interest in the Company was offered for sale in a public offering. The existing publicly held shares of the Company were exchanged for 1.0911 new shares of common stock of New Equitable. The exchange ratio ensured that immediately after the conversion and public offering, the public stockholders of the Company owned the same aggregate percentage of New Equitable common stock that they owned immediately prior to that time (excluding shares purchased in the stock offering and cash received in lieu of fractional shares). When the conversion and public offering was completed, New Equitable became the holding company of the Bank and succeeded to all of the business and operations of the Company and each of the Company and the MHC ceased to exist. The consolidated financial statements do not include the transactions and balances of the MHC.
Nature of business	Nature of business : The primary business of the Company is the ownership of the Bank. Through the Bank, the Company is engaged in the business of retail banking, with operations conducted through its main office and branches, which are located in Grand Island, North Platte and Omaha, Nebraska. The Bank's primary services include accepting deposits, making loans and investing in securities.
Use of estimates	Use of estimates : In preparing the accompanying consolidated financial statements, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenue and expenses for the reporting period. Estimates significant to the consolidated financial statement include the allowance for loan losses, the fair value of investments and the related determination of other-than-temporary impairment, deferred tax valuation allowances, fair values of financial instruments and foreclosed assets. Actual results could differ from those estimates. The allowance for loan losses is inherently subjective as it requires material estimates that are susceptible to significant change. The fair value disclosure of investments and other financial instruments is an estimate that can be computed within a range.
Risks and uncertainties	Risks and uncertainties : Changes in economic conditions in the United States, and more specifically Nebraska, could impact the credit worthiness of the Company's borrowers and the borrowers' ability to service their outstanding loans with the Company. Additionally, the Company is subject to interest rate risk in which changes in the interest rate environment could negatively impact the Company's net interest margin.
Cash flows	Cash flows : Cash and cash equivalents include cash, deposits with other financial institutions with maturities under 90 days when purchased, and federal funds sold. Net cash flows are reported for customer loan and deposit transactions, and advance payments from borrowers for taxes and insurance.
Time deposits with financial institutions	Time deposits with financial institutions : Time deposits with financial institutions are carried at cost. At June 30, 2015, time deposits of $500,000 have maturities of 12 months or less.
Securities	Securities : Securities are classified as held-to-maturity and carried at amortized cost when management has the positive intent and ability to hold them to maturity. Securities are classified as available-for-sale when they might be sold before maturity. Securities classified as available-for-sale are carried at fair value with unrealized holding gains and losses reported in other comprehensive income or loss, net of tax. Interest income is recognized under the interest method and includes amortization of purchase premium and discount. Gains and losses on sales are recorded on the trade date based on the amortized cost of the security sold and determined using the specific identification method. Declines in the fair value of securities available-for-sale below their amortized cost are evaluated to determine whether the loss is temporary or other-than-temporary. If the Company (a) has the intent to sell a debt security or (b) more-likely-than-not will be required to sell the debt security before its anticipated recovery, then the Company recognizes the entire unrealized loss in earnings as an other-than-temporary loss. If neither of these conditions are met, the Company evaluates whether a credit loss exists. The impairment is separated into (a) the amount of the total impairment related to the credit loss and (b) the amount of total impairment related to all other factors. The amount of the total other-than-temporary impairment related to the credit loss is recognized in earnings and the amount related to all other factors is recognized in other comprehensive income (loss).
Collateralized financing transactions	Collateralized financing transactions : Securities sold under repurchase agreements are generally accounted for as collateralized financing transactions. They are recorded at the amount at which the securities were acquired or sold plus accrued interest. The Company monitors its exposure with respect to securities sold under repurchase agreements, and a request for the return of excess securities held by the counterparty is made when deemed appropriate. The Company pledges assets to collateralize repurchase agreements and other secured financings such as public and trust deposits and other short-term borrowings. Pledged securities that can be sold or repledged by the secured party are classified as securities pledged as collateral on the consolidated balance sheet. The carrying value and classification of securities owned by the Company that have been loaned or pledged to counterparties where those counterparties do not have the right to sell or repledge are as follows: June 30, 2015 June 30, 2014 Securities available-for-sale, at fair value $ $ Securities held-to-maturity, at amortized cost
Federal Home Loan Bank stock	Federal Home Loan Bank stock : The Bank is a member of the Federal Home Loan Bank (FHLB) system. Members are required to own a certain amount of stock based on the level of borrowings and other factors and may invest in additional amounts. The stock does not have a readily determinable fair value and as such is classified as restricted stock, carried at cost and evaluated for impairment. In accordance with the applicable accounting guidance, the stock's value is determined by the ultimate recoverability of the par value rather than by recognizing temporary declines. The determination of whether the par value will ultimately be recovered is influenced by criteria such as the following: (a) the significance of the decline in net assets of the Federal Home Loan Bank as compared to the capital stock amount and the length of time this situation has persisted (b) commitments by the Federal Home Loan Bank to make payments required by law or regulation and the level of such payments in relation to the operating performance (c) the impact of legislative and regulatory changes on the customer base of the Federal Home Loan Bank and (d) the liquidity position of the Federal Home Loan Bank. With consideration given to the previous criteria, management concluded that the stock was not impaired at June 30, 2015 and June 30, 2014.
Loans, net	Loans, net : Loans that management has the intent and ability to hold for the foreseeable future or until maturity or pay-off are stated at their outstanding unpaid principal balances, less an allowance for loan losses, premiums and discounts on loans purchased, and net deferred loan fees/costs. Interest income on loans is recognized over the term of the loan and is calculated using the simple interest method on principal amounts outstanding. Direct loan origination fees and costs are generally being deferred and the net amounts amortized as an adjustment of the related loan's yield. The Company generally amortizes these amounts over the contractual life. Direct loan origination fees and costs related to loans sold to unrelated third parties are recognized as income or expense in the current consolidated statement of income. The Company's portfolio segments are as follows: • Commercial • Agricultural • Residential real estate • Other The Company's classes of loans are as follows: • Commercial—operating • Commercial—real estate • Agricultural—operating • Agricultural—real estate • Residential real estate—1-4 family • Residential real estate—home equity • Other—construction and land • Other—consumer Generally, for all classes of loans, loans are considered past due when contractual payments are delinquent for 31 days or greater. For all classes of loans, loans will generally be placed on nonaccrual status when the loan has become greater than 90 days past due; or when management believes, after considering collection efforts and other factors, that the borrower's financial condition is such that collection of interest is doubtful. When a loan is placed on nonaccrual status, payments received will be applied to the principal balance. However, interest may be taken on a cash basis in the event the loan is fully secured and the risk of loss is minimal. Previously recorded but uncollected interest on a loan placed in nonaccrual status is accounted for as follows: if the previously accrued but uncollected interest and the principal amount of the loan is protected by sound collateral value based upon a current, independent qualified appraisal, such interest may remain on the Company's books. If such interest is not so protected, it is considered a loss with the amount thereof recorded in the current year being reversed against current interest income, and the amount recorded in the prior year being charged against the allowance for possible loan losses. For all classes of loans, nonaccrual loans may be restored to accrual status provided the following criteria are met: • The loan is current, and all principal and interest amounts contractually due have been made, • The loan is well secured and in the process of collection, and • Future principal and interest payments are not in doubt.
Troubled debt restructures	Troubled debt restructures : Troubled debt restructuring exists when the Company, for economic or legal reasons related to the borrower's financial difficulties, grants a concession (either imposed by court order, law, or agreement between the borrower and the Company) to the borrower that it would not otherwise consider. These concessions could include forgiveness of principal, extension of maturity dates, and reduction of stated interest rates or accrued interest. The Company is attempting to maximize its recovery of the balances of the loans through these various concessionary restructurings. See Note 3 for disclosure of the Company's troubled debt restructurings.
Allowance for loan losses	Allowance for loan losses : For all portfolio segments, the allowance for loan losses is maintained at the level considered adequate by management of the Company to provide for losses that are probable. The allowance is increased by provisions charged to operating expense and reduced by net charge-offs. Subsequent recoveries, if any, are credited to the allowance. In determining the adequacy of the allowance balance, the Company makes continuous evaluations of the loan portfolio and related off-balance sheet commitments, considers current economic conditions, historical loan loss experience, review of specific problem loans and other factors. A discussion of the risk characteristics and the allowance for loan losses by each portfolio segment follows: For commercial loans, the Company focuses on small and mid-sized businesses in their geographical footprint. The Company provides a wide range of commercial loans, including lines of credit for working capital and operational purposes, and term loans for the acquisition of real estate, facilities, equipment and other purposes. Approval is generally based on the following factors: • Sufficient cash flow to support debt repayment; • Ability and stability of current management of the borrower; • Positive earnings and financial trends; • Earnings projections based on reasonable assumptions; • Financial strength of the industry and business; • Value and marketability of collateral. Collateral for commercial loans generally includes accounts receivable, inventory, equipment and real estate. The lending policy specifies approved collateral types and corresponding maximum advance percentages. The value of collateral pledged on loans typically exceeds the loan amount by a margin sufficient to absorb potential erosion of its value in the event of foreclosure and cover the loan amount plus costs incurred to convert it to cash. The lending policy specifies maximum term limits for commercial loans. For term loans, the typical maximum term is 10 years. The lending policy includes guidelines for real estate appraisals, including minimum appraisal standards based on certain transactions. Where the purpose of the loan is to finance depreciable equipment, the term loan generally does not exceed the estimated useful life of the asset. For lines of credit, the typical maximum term is 1 year. However, longer maturities may be approved if the loan is secured by readily marketable collateral. In addition, the Company often takes personal guarantees to help assure repayment. Loans may be made on an unsecured basis if warranted by the overall financial condition of the borrower. Agricultural loans are subject to underwriting standards and processes similar to commercial loans. The Company provides a wide range of agriculture loans, including lines of credit for working capital and operational purposes, and term loans for the acquisition of real estate, facilities, equipment and other purposes. Approval is generally based on the following factors: • Sufficient cash flow to support debt repayment; • Ability and stability of current management of the borrower; • Positive earnings and financial trends; • Earnings projections based on reasonable assumptions; • Financial strength of the industry and business; and • Value and marketability of collateral. Collateral for agricultural loans generally includes accounts receivable, inventory (typically grain or livestock), equipment and real estate. The lending policy specifies approved collateral types and corresponding maximum advance percentages. The value of collateral pledged on loans typically exceeds the loan amount by a margin sufficient to absorb potential erosion of its value in the event of foreclosure and cover the loan amount plus costs incurred to convert it to cash. The lending policy specifies maximum term limits for agricultural loans. For term loans, the typical maximum term is 10 years. The lending policy includes guidelines for real estate appraisals, including minimum appraisal standards based on certain transactions. Where the purpose of the loan is to finance depreciable equipment, the term loan generally does not exceed the estimated useful life of the asset. For lines of credit, the typical maximum term is 1 year. However, longer maturities may be approved if the loan is secured by readily marketable collateral. In addition, the Company often takes personal guarantees to help assure repayment. Loans may be made on an unsecured basis if warranted by the overall financial condition of the borrower. In some instances for all loans, it may be appropriate to originate or purchase loans that are exceptions to the guidelines and limits established within the lending policy described above and below. In general, exceptions to the lending policy do not significantly deviate from the guidelines and limits established within the lending policy and, if there are exceptions, they are clearly noted as such and specifically identified in loan approval documents. For commercial loans and agricultural loans, the allowance for estimated losses on loans consists of specific and general components. The specific component relates to loans that are classified as impaired, as defined below. For those loans that are classified as impaired, an allowance is established when the discounted cash flows (or collateral value or observable market price) of the impaired loan is lower than the carrying value of that loan. For commercial loans and agricultural loans, a loan is considered impaired when, based on current information and events, it is probable that the Company will be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the loan agreement. Factors considered by management in determining impairment include payment status, collateral value, and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and payment shortfalls generally are not classified as impaired. Management determines the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower's prior payment record and the amount of the shortfall in relation to the principal and interest owed. Impairment is measured on a case-by-case basis by either the present value of expected future cash flows discounted at the loan's effective interest rate, the loan's obtainable market price, or the fair value of the collateral if the loan is collateral dependent. The general component consists of quantitative and qualitative factors and covers non-impaired loans. The quantitative factors are based on historical charge-off experience. The qualitative factors are determined based on an assessment of internal and/or external influences on credit quality that are not fully reflected in the historical loss data. The Company's credit quality indicator for all loans excluding commercial loans is past due or performance status. The Company's credit quality indicator for commercial loans is internal risk ratings. For commercial and agriculture loans, the Company utilizes the following internal risk rating scale: 1. Highest Quality —Loans represent a credit extension of the highest quality. Excellent liquidity, management and character in an industry with favorable conditions. High quality financial information, history of strong cash flows and superior collateral including readily marketable assets, prime real estate, U.S. government securities, U.S. government agencies, highly rated municipal bonds, insured savings accounts, and insured certificates of deposit drawn on high-quality financial institutions. 2. Good Quality —Loans which have a sound primary and secondary source of repayment. Strong to good liquidity, management and character in an industry with favorable conditions. Good quality financial information and margins of cash flow coverage is consistently good. Loans may be unsecured, secured by quality (but less readily marketable) assets, high quality real estate or traded stocks, lower grade municipal bonds (which must still be investment grade), and uninsured certificates of deposit on other financial institutions may also be included in this grade. 3. Acceptable Quality —Loans where the borrower is a reasonable credit risk and demonstrates the ability to repay the debt from normal business operations. Good liquidity, management and character in an industry that is more sensitive to external factors. Alternative sources of refinancing may be less available in periods of uncertain economic conditions. Term debt is moderate but cash flow margins fall within bank policy guidelines. Quality of financial information is adequate but is not as detailed and sophisticated as information found on higher-grade loans. Secured by business assets that conform to usual lending parameters for margin and eligibility or real estate that is deemed to be of satisfactory quality in an area that may not be prime but still within viable economic centers. 4. Fair Quality —Loans where the borrower is a reasonable credit risk but shows a more erratic earnings history (a loss may have been realized in the past four years). Liquidity is limited and primary repayment is susceptible to unfavorable external factors. Industry characteristics are generally stable. Borrower is more highly leveraged with increased levels of term debt. Cash flow margins remain adequate but may not fall within the policy guidelines. Quality of financial information is adequate and interim reporting may be required. Secured by business assets with an adequate collateral margin or real estate that is of fair quality and location. Property may have limited alternative uses and may be considered a "special use" facility. 5. Special Mention —Loans in this category have the potential for developing weaknesses that deserve extra attention from the account manager and other management personnel. If the developing weakness is not corrected or mitigated, the ability of the borrower to repay the Company's debt in the future may deteriorate. This grade should not be assigned to loans that bear certain peculiar risks normally associated with the type of financing involved, unless circumstances have caused the risk to increase to a level higher than would have been acceptable when the credit was originally approved. If a loan's actual, not potential, weakness or problems are clearly evident and significant it should generally be graded in one of the following grade categories. 6. Substandard —Loans and other credit extensions are considered to be inadequately protected by the current sound worth and paying capacity of the obligor or of the collateral pledged, if any. These loans, even if apparently protected by collateral value, have a well-defined weakness or weaknesses that jeopardize the liquidation of debt. They are characterized by the distinct possibility that the Company will sustain some loss if the deficiencies are not corrected. Loss potential, while existing in the aggregate amount of substandard loans, does not have to exist in individual loans classified substandard. 7. Doubtful —Loans and other credit extensions have all the weaknesses inherent in those graded "6" 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. The possibility of loss is extremely high, but because of certain important and reasonably specific pending factors, which may work to the advantage and strengthening of the loan, its classification as an estimated loss is deferred until its more exact status may be determined. Pending factors include: proposed merger, acquisition, or liquidation actions; capital injection; perfecting liens on collateral and refinancing plans. Loans in this classification should be placed in non-accrual status, with collections applied to principal. 8. Loss —Loans are considered uncollectible and cannot be justified as a viable asset of the Bank. This classification does not mean the loan has absolutely no recovery value. However, it is not prudent to delay writing off this loan even though partial recovery may be obtained in the future. For commercial and agricultural loans or credit relationships with aggregate exposure greater than $250,000, a loan review is required within 12 months of the most recent credit review. The reviews are completed in enough detail to, at a minimum, validate the risk rating. Additionally, the reviews shall determine whether any documentation exceptions exist, appropriate written analysis is included in the loan file, and whether credit policies have been properly adhered to. Many of the residential real estate loans underwritten by the Company conform to the underwriting requirements of Freddie Mac or other secondary market aggregators to allow the Company to resell loans in the secondary market. Servicing rights are retained on many, but not all, of the residential real estate loans sold in the secondary market. The lending policy establishes minimum appraisal and other credit guidelines. Mortgage loans originated and intended for sale in the secondary market are carried at the lower of aggregate cost or market, as determined by outstanding commitments from investors. As of June 30, 2015 and June 30, 2014, loans held for sale were immaterial to the consolidated financial statements. Periodically, the Company originates first mortgage loans for other investors. Generally, the Company receives fees equivalent to a stated percentage of the loan amount. This fee is recognized as income at the time of closing. From time to time, the Company also originates loans for sale in the secondary market. Gain on sale of loans in the secondary market is included in noninterest income. The Company provides many types of consumer and other loans, including motor vehicle, home improvement, home equity, signature loans and small personal credit lines. The lending policy addresses specific credit guidelines by consumer loan type. For residential real estate loans and consumer and other loans, these large groups of smaller balance homogenous loans are collectively evaluated for impairment. In estimating the allowance for loan losses for these loans, the Company applies quantitative and qualitative factors on a portfolio segment basis. Quantitative factors are based on historical charge-off experience and qualitative factors are based on an assessment of internal and/or external influences on credit quality that are not fully reflected in the historical loss data. Accordingly, the Company generally does not separately identify individual residential real estate loans and/or consumer and other loans for impairment disclosures, unless such loans are the subject of a restructuring agreement due to financial difficulties of the borrower. Troubled debt restructures are considered impaired loans and are subject to the same allowance methodology as described above for impaired loans by portfolio segment.
Transfers of financial assets	Transfers of financial assets : Transfers of financial assets are accounted for as sales when control over the assets has been surrendered. Control over transferred assets is deemed to be surrendered when: (1) the assets have been isolated from the Company; (2) the transferee has the right to pledge or exchange the assets it received, and no condition both constrains the transferee from taking advantage of its right to pledge or exchange and provides more than a trivial benefit to the transferor; and (3) the Company does not maintain effective control over the transferred assets through an agreement to repurchase them before their maturity or the ability to unilaterally cause the holder to return specific assets.
Premises and equipment	Premises and equipment : Land is carried at cost. Premises and equipment are stated at cost less accumulated depreciation. Depreciation is included in noninterest expense and is computed on 25 to 40 years for buildings and improvements that extend the life of the original building, 10 to 20 years for routine building improvements, 5 to 15 years for furniture and equipment, 5 years for vehicles, and 2 to 5 years for computer equipment. The cost of maintenance and repairs is charged to expense as incurred.
Long-term assets	Long-term assets : Premises and equipment and other long-term assets are reviewed for impairment when events indicate that their carrying amount may not be recoverable from future undiscounted cash flows. If impaired, the assets are recorded at fair value. No impairment has been recognized by the Company for the years ended June 30, 2015 and 2014.
Foreclosed assets	Foreclosed assets : Assets acquired through foreclosure are initially recorded at fair value, less estimated costs to sell, establishing a new cost basis. If the fair value less costs to sell is less than the respective loan balance, a charge against the allowance for loan losses is recorded upon property acquisition. Declines in property value subsequent to acquisition are charged to operations. Holding costs are expensed as incurred.
Brokerage fee income	Brokerage fee income : Acting as an agent, the Company earns brokerage income by buying and selling securities on behalf of its customers through independent third parties and earning fees on the transactions. These fees are recorded on the settlement date, which is not materially different than the trade date.
Income taxes	Income taxes : Income tax expense or benefit is the sum of the current year income tax due or refundable and the change in the deferred tax assets and liabilities. Deferred tax assets and liabilities are the expected future tax consequence of temporary differences between the carrying amounts and tax basis of assets and liabilities, computed using enacted tax rates. A valuation allowance reduces deferred tax assets to the amount expected to be realized. The Company follows the guidance on accounting for uncertainty in income taxes which allows the Company to recognize the tax benefit from an uncertain tax position only if it is more-likely-than-not that the tax position will be sustained on examination by taxing authorities, based on the technical merits of the position. The tax benefits recognized in the consolidated financial statements from such a position are measured based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement. The guidance on accounting for uncertainty in income taxes also addresses de-recognition, classification, interest and penalties on income taxes, and accounting in interim periods. When applicable, the Company recognizes interest and penalties on income taxes as a component of income tax (benefit) expense.
Employee Stock Ownership Plan	Employee Stock Ownership Plan : The cost of shares issued to the Employee Stock Ownership Plan ("ESOP") but not yet allocated to participants is presented in the consolidated balance sheet as a reduction of stockholders' equity. Compensation expense is recorded based on the market price of the shares as the shares are committed to be released for allocation to participant accounts. Because participants may require the Company to purchase their ESOP shares upon termination of their employment, the appraised fair value of all earned and allocated ESOP shares is reclassified from stockholders' equity.
Loan commitments and related financial instruments	Loan commitments and related financial instruments : Financial instruments include off-balance-sheet credit instruments, such as commitments to make loans and standby letters of credit, issued to meet customer-financing needs. The face amount for these items represents the exposure to loss, before considering customer collateral or ability to repay. Such financial instruments are recorded when they are funded.
Fair value of financial instruments	Fair value of financial instruments : Fair values of financial instruments are estimated using relevant market value information and other assumptions, as more fully disclosed in Note 14. Fair value estimates involve uncertainties and matters of significant judgment regarding interest rates, credit risk, prepayments, and other factors, especially in the absence of broad markets for particular items. Changes in assumptions or in market conditions could significantly affect the estimates.
Earnings per share	Earnings per share : Basic earnings per share is based on net income divided by the weighted average number of shares outstanding during the period, including allocated and committed to be released ESOP shares. Diluted earnings per share shows the dilutive effect, if any, of additional common shares issuable under stock options or awards.
Loss contingencies	Loss contingencies : Loss contingencies, including claims and legal actions arising in the ordinary course of business, are recorded as liabilities when the likelihood of loss is probable and an amount or range of loss can be reasonably estimated. Management does not believe that there are such matters that will have a material effect on the consolidated financial statements.
Comprehensive income (loss)	Comprehensive income (loss) : Comprehensive income (loss) consists of net income (loss) and other comprehensive income (loss). Other comprehensive income (loss) includes unrealized gains (losses) on securities available-for-sale, net of tax.
Recent accounting pronouncements	Recent accounting pronouncements : In January 2014, the FASB issued Accounting Standards Update (ASU) 2014-04, Receivables—Troubled Debt Restructurings by Creditors (Subtopic 310-40)—Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans upon Foreclosure. ASU 2014-04 is intended to reduce diversity in practice by clarifying when an in substance repossession or foreclosure occurs, that is, when a creditor should be considered to have received physical possession of residential real estate property collateralizing a consumer mortgage loan such that the loan should be derecognized and the real estate property recognized. ASU 2014-04 is effective for annual periods beginning after December 15, 2014 and is not expected to have a material impact on the Company's consolidated financial statements. In August 2015, the FASB issued ASU 2015-14, Revenue from Contracts with Customers. ASU 2015-14 is intended to provide a robust framework for addressing revenue recognition guidance related to contractual rights and obligations. ASU 2015-14 is effective for annual periods beginning after December 15, 2017 and is not expected to have a material impact on the Company's consolidated financial statements.

Nature of Business and Signif29

Nature of Business and Significant Accounting Policies (Tables)	12 Months Ended
	Jun. 30, 2015
Nature of Business and Significant Accounting Policies
Schedule of the carrying value and classification of securities that have been loaned or pledged to counterparties	June 30, 2015 June 30, 2014 Securities available-for-sale, at fair value $ $ Securities held-to-maturity, at amortized cost

Securities (Tables)

Securities (Tables)	12 Months Ended
	Jun. 30, 2015
Securities
Schedule of securities available-for-sale	June 30, 2015 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Residential mortgage-backed securities $ $ — $ ) $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2014 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Residential mortgage-backed securities $ $ — $ ) $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Schedule of securities held-to-maturity	June 30, 2015 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Residential mortgage-backed securities $ $ $ — $ Municipal securities — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ $ $ — $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2014 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Residential mortgage-backed securities $ $ $ — $ Municipal securities ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ $ $ ) $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Loans (Tables)

Loans (Tables)	12 Months Ended
	Jun. 30, 2015
Loans
Summary of loans	2015 2014 Commercial: Operating $ $ Real estate Agricultural: Operating Real estate Residential real estate: 1 - 4 family Home equity Other: Construction and land Consumer ​ ​ ​ ​ ​ ​ ​ ​ Total loans ​ ​ ​ ​ ​ ​ ​ ​ Deferred loan origination costs, net Allowance for loan losses ) ) ​ ​ ​ ​ ​ ​ ​ ​ ) ) ​ ​ ​ ​ ​ ​ ​ ​ Loans, net $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Summary of changes in the allowance for loan losses by portfolio segment	2015 Commercial Agricultural Residential Real Estate Other Total Balance, beginning $ $ $ $ $ Provision charged to expense ) ) Recoveries — Loans charged off ) — — ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance, ending $ $ $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2014 Commercial Agricultural Residential Real Estate Other Total Balance, beginning $ $ $ $ $ Provision charged to expense ) ) ) ) Recoveries — Loans charged off ) — ) ) ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance, ending $ $ $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Summary of allowance for loan losses by impairment evaluation and portfolio segment	2015 Commercial Agricultural Residential Real Estate Other Total Allowance for loans individually evaluated for impairment $ $ — $ $ — $ Allowance for loans collectively evaluated for impairment ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ $ $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans individually evaluated for impairment $ $ $ $ $ Loans collectively evaluated for impairment ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ $ $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Allowance as a percentage of loans individually evaluated for impairment % % % % % Allowance as a percentage of loans collectively evaluated for impairment % % % % % Allowance as a percentage of total loans evaluated for impairment % % % % % 2014 Commercial Agricultural Residential Real Estate Other Total Allowance for loans individually evaluated for impairment $ $ — $ $ — $ Allowance for loans collectively evaluated for impairment ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ $ $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans individually evaluated for impairment $ $ — $ $ $ Loans collectively evaluated for impairment ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ $ $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Allowance as a percentage of loans individually evaluated for impairment % % % % % Allowance as a percentage of loans collectively evaluated for impairment % % % % % Allowance as a percentage of total loans evaluated for impairment % % % % %
Summary of aging in terms of unpaid balance of the loan portfolio by classes of loans	2015 Current 31 - 60 days Past Due 61 - 90 days Past Due > 90 days Past Due (Nonaccrual) Total Classes of loans: Commercial: Operating $ $ $ — $ — $ Real estate — — Agricultural: Operating — — — Real estate — — Residential real estate: 1 - 4 family — Home equity — Other: Construction and land — — — Consumer — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ $ $ $ — $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As a percentage of total loan portfolio % % % % % 2014 Current 31 - 60 days Past Due 61 - 90 days Past Due > 90 days Past Due (Nonaccrual) Total Classes of loans: Commercial: Operating $ $ $ — $ $ Real estate — Agricultural: Operating — — — Real estate — — — Residential real estate: 1 - 4 family Home equity — — Other: Construction and land — — — Consumer — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ $ $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As a percentage of total loan portfolio % % % % %
Summary of unpaid principal balance by credit quality indicator	2015 Commercial— Operating Commercial— Real Estate Agricultural— Operating Agricultural— Real Estate Total Internally assigned risk rating: Highest Quality (rating 1) $ — $ — $ $ $ Good Quality (rating 2) Acceptable Quality (rating 3) Fair Quality (rating 4) Special Mention (rating 5) — — — — — Substandard (rating 6) Doubtful (rating 7) — — — — — Loss (rating 8) — — — — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ $ $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2014 Commercial— Operating Commercial— Real Estate Agricultural— Operating Agricultural— Real Estate Total Internally assigned risk rating: Highest Quality (rating 1) $ $ — $ $ $ Good Quality (rating 2) Acceptable Quality (rating 3) Fair Quality (rating 4) Special Mention (rating 5) — — — Substandard (rating 6) — — Doubtful (rating 7) — — — — — Loss (rating 8) — — — — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ $ $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2015 Residential RE— 1 - 4 Family Residential RE— Home Equity Other—Construction and Land Other— Consumer Total Delinquency status*: Performing $ $ $ $ $ Nonperforming — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ $ $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2014 Residential RE— 1 - 4 Family Residential RE— Home Equity Other—Construction and Land Other— Consumer Total Delinquency status*: Performing $ $ $ $ $ Nonperforming — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ $ $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ * Performing loans are those which are accruing and less than 31 days past due. Nonperforming loans are those on nonaccrual and accruing loans that are greater than or equal to 31 days past due.
Summary of loans, by classes of loans, considered to be impaired	2015 Recorded Investment Unpaid Principal Balance Related Allowance Average Recorded Investment Interest Income Recognized Classes of loans: Impaired loans with no specific allowance recorded: Commercial: Operating $ $ $ — $ $ Real estate — Agricultural: Operating — Real estate — Residential real estate: 1 - 4 family — Home equity — Other: Consumer — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Impaired loans with specific allowance recorded: Commercial: Operating Residential real estate: Home equity ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total impaired loans: Commercial: Operating Real estate — Agricultural: Operating — Real estate — Residential real estate: 1 - 4 family — Home equity Other: Consumer — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ $ $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2014 Recorded Investment Unpaid Principal Balance Related Allowance Average Recorded Investment Interest Income Recognized Classes of loans: Impaired loans with no specific allowance recorded: Commercial: Operating $ $ $ — $ $ Real estate — Residential real estate: 1 - 4 family — Home equity — Other: Consumer — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Impaired loans with specific allowance recorded: Commercial: Operating Residential real estate: 1 - 4 family Home equity ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total impaired loans: Commercial: Operating Real estate — Residential real estate: 1 - 4 family Home equity Other: Consumer — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ $ $ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Summary of the number and recorded investment of troubled debt restructurings ("TDRs")	June 30, 2015 Number of TDRs Recorded Investment Concession—Extension of maturity: Commercial: Operating $ Real estate Agricultural: Real estate Residential real estate: 1 - 4 family Home equity Other: Consumer ​ ​ ​ ​ ​ ​ ​ ​ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Concession—Reduction of interest rate below market: Commercial: Operating $ Real estate Residential real estate: 1 - 4 family ​ ​ ​ ​ ​ ​ ​ ​ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total: Commercial: Operating $ Real estate Agricultural: Real estate Residential real estate: 1 - 4 family Home equity Other: Consumer ​ ​ ​ ​ ​ ​ ​ ​ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2014 Number of TDRs Recorded Investment Concession—Extension of maturity: Commercial: Operating $ Real estate Residential real estate: 1 - 4 family Home equity Other: Consumer ​ ​ ​ ​ ​ ​ ​ ​ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Concession—Reduction of interest rate below market: Commercial: Operating $ Residential real estate: 1 - 4 family Home equity ​ ​ ​ ​ ​ ​ ​ ​ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total: Commercial: Operating $ Real estate Residential real estate: 1 - 4 family Home equity Other: Consumer ​ ​ ​ ​ ​ ​ ​ ​ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Summary of the number and investment in TDRs by type of concession	For the year ended June 30, 2015 Number of TDRs Recorded Investment Concession—Extension of maturity: Commercial: Operating $ Agricultural: Real estate Residential real estate: 1 - 4 family ​ ​ ​ ​ ​ ​ ​ ​ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Concession—Reduction of interest rate below market: Commercial: Operating $ ​ ​ ​ ​ ​ ​ ​ ​ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total: Commercial: Operating $ Agricultural: Real estate Residential real estate: 1 - 4 family ​ ​ ​ ​ ​ ​ ​ ​ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the year ended June 30, 2014 Number of TDRs Recorded Investment Concession—Extension of maturity: Commercial: Real estate $ ​ ​ ​ ​ ​ ​ ​ ​ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total: Commercial: Real estate $ ​ ​ ​ ​ ​ ​ ​ ​ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Accrued Interest Receivable (Ta

Accrued Interest Receivable (Tables)	12 Months Ended
	Jun. 30, 2015
Accrued Interest Receivable
Schedule of components of accrued interest receivable	2015 2014 Time deposits with other financial institutions $ $ Securities Loans ​ ​ ​ ​ ​ ​ ​ ​ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Premises and Equipment, Net (Ta

Premises and Equipment, Net (Tables)	12 Months Ended
	Jun. 30, 2015
Premises and Equipment, Net
Schedule of premises and equipment, net	2015 2014 Land and land improvements $ $ Buildings and improvements Furniture and equipment Computer equipment Vehicles — ​ ​ ​ ​ ​ ​ ​ ​ Less accumulated depreciation ) ) ​ ​ ​ ​ ​ ​ ​ ​ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Deposits (Tables)

Deposits (Tables)	12 Months Ended
	Jun. 30, 2015
Deposits
Schedule of deposits	2015 2014 Noninterest-bearing demand $ $ Interest-bearing NOW Money market Savings Certificates of deposit ​ ​ ​ ​ ​ ​ ​ ​ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Schedule of maturities of certificates of deposit	Year Ending June 30, 2016 $ 2017 2018 2019 2020 and beyond ​ ​ ​ ​ ​ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Summary of interest expense on deposit accounts	2015 2014 Interest-bearing NOW $ $ Money market Savings Certificates of deposit ​ ​ ​ ​ ​ ​ ​ ​ $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Federal Home Loan Bank Borrow35

Federal Home Loan Bank Borrowings and Other Borrowings (Tables)	12 Months Ended
	Jun. 30, 2015
Federal Home Loan Bank Borrowings and Other Borrowings
Schedule of Federal Home Loan Bank Borrowings and Other Borrowings	At June 30, 2014 Contractual Interest Rate Range Weighted Ave. Contractual Rate Amount Variable-rate FHLB advances due: Within 1 year 0.300% - 0.300% % $ 1 to 2 years 0.320% - 0.320% % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total variable-rate FHLB advances 0.300% - 0.320% % Open line advances up to $10 million, due on demand 0.240% - 0.240% % — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Less prepayment penalty fee ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total FHLB borrowings 0.240% - 0.320% % $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Regulatory Matters (Tables)

Regulatory Matters (Tables)	12 Months Ended
	Jun. 30, 2015
Regulatory Matters
Summary of bank's actual capital levels and minimum required levels	Minimum Required for Capital Adequacy Purposes Minimum Required to Be Well Capitalized Under Prompt Corrective Action Provisions (Dollars in thousands) Amount Ratio Amount Ratio Amount Ratio June 30, 2015 Total capital (to risk-weighted assets) $ % $ % $ % Common equity Tier 1 capital (to risk-weighted assets) % % % Tier 1 (core) capital (to risk-weighted assets) % % % Tier 1 (core) capital (to adjusted total assets) % % % June 30, 2014 Total capital (to risk-weighted assets) $ % $ % $ % Tier 1 (core) capital (to risk-weighted assets) % % % Tier 1 (core) capital (to adjusted total assets) % % %

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Jun. 30, 2015
Income Taxes
Schedule of income tax expense	2015 (Restated) 2014 Current: Federal $ ) $ ) State ) ) Deferred: Federal ) ) ​ ​ ​ ​ ​ ​ ​ ​ $ ) $ ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Schedule of reconciliation of the provision for income taxes computed at the statutory federal corporate tax rate to the income tax expense in the statements of income	2015 (Restated) 2014 Provision computed at the statutory federal tax rate $ ) $ ) State income taxes, net of federal tax ) ) Release of unearned ESOP shares and stock awards Nondeductible expenses ) ) Return-to-provision, net ) ) Other ) ​ ​ ​ ​ ​ ​ ​ ​ Total income tax expense $ ) $ ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Schedule of net deferred tax asset	2015 (Restated) 2014 Gross deferred tax assets: Allowance for loan losses $ $ Net operating loss carryover Charitable contributions carryover — General business credits Foreclosed asset writedowns Unrealized loss on securities Other ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gross deferred tax liabilities: Additions in excess of base year loan reserve ) ) Depreciation ) ) FHLB stock dividends ) ) Other ) ) ​ ​ ​ ​ ​ ​ ​ ​ ) ) ​ ​ ​ ​ ​ ​ ​ ​ Valuation allowance for deferred tax assets ) ) ​ ​ ​ ​ ​ ​ ​ ​ Net deferred tax asset $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Employee Benefit Plans (Tables)

Employee Benefit Plans (Tables)	12 Months Ended
	Jun. 30, 2015
Employee Benefit Plans
Summary of ESOP shares	2015 2014 Allocated shares Unearned ESOP shares ​ ​ ​ ​ ​ ​ ​ ​ Total ESOP shares ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair value of unearned ESOP shares $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair value of allocated shares subject to repurchase obligation $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Earnings per Share (Tables)

Earnings per Share (Tables)	12 Months Ended
	Jun. 30, 2015
Earnings per Share
Schedule of reconciliation of the components used to compute basic earnings per share	2015 2014 Weighted average common shares outstanding Net income available to common stockholders $ $ Basic earnings per share $ $
Schedule of reconciliation of the components used to compute diluted earnings per share	2015 2014 Weighted average common shares outstanding Weighted average of net additional shares from restricted stock awards ​ ​ ​ ​ ​ ​ ​ ​ Weighted average number of shares outstanding ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net income available to common stockholders $ $ Diluted earnings per share $ $

Loan Commitments and Other Re40

Loan Commitments and Other Related Activities (Tables)	12 Months Ended
	Jun. 30, 2015
Loan Commitments and Other Related Activities
Schedule of contractual or notional amounts of loan commitments and other related activities	2015 2014 Financial instruments wherein contractual amounts represent credit risk: Commitments to extend credit $ $ Standby letters of credit Unused lines of credit
Summary of future commitments under the operating lease	Year Ending June 30, 2016 $ 2017

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	12 Months Ended
	Jun. 30, 2015
Fair Value Measurements
Summary of fair value of assets and liabilities measured on a recurring basis	Fair Value Measurement at June 30, 2015 Using Total Quoted Prices in Active Markets for Identical Assets Level 1 Significant Other Observable Inputs Level 2 Significant Unobservable Inputs Level 3 Assets Securities available-for-sale $ $ — $ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total assets $ $ — $ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value Measurement at June 30, 2014 Using Total Quoted Prices in Active Markets for Identical Assets Level 1 Significant Other Observable Inputs Level 2 Significant Unobservable Inputs Level 3 Assets Securities available-for-sale $ $ — $ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total assets $ $ — $ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Summary of fair value of assets and liabilities measured on a nonrecurring basis	Fair Value Measurement at June 30, 2015 Using Total Quoted Prices in Active Markets for Identical Assets Level 1 Significant Other Observable Inputs Level 2 Significant Unobservable Inputs Level 3 Assets Impaired loans $ $ — $ — $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total assets $ $ — $ — $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value Measurement at June 30, 2014 Using Total Quoted Prices in Active Markets for Identical Assets Level 1 Significant Other Observable Inputs Level 2 Significant Unobservable Inputs Level 3 Assets Impaired loans $ $ — $ — $ Foreclosed assets — — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total assets $ $ — $ — $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Schedule of carrying and estimated fair value of financial instruments	June 30, 2015 Fair Value Hierarchy Level Carrying Amount Estimated Fair Value Financial assets: Cash and due from financial institutions Level 1 $ $ Time deposits with financial institutions Level 2 Securities available-for-sale See previous table Securities held-to-maturity Level 2 Federal Home Loan Bank stock Level 1 Loans, net Level 2 Accrued interest receivable Level 1 Financial liabilities: Noninterest-bearing deposits Level 2 Interest-bearing deposits Level 2 Accrued interest payable and other liabilities Level 1 June 30, 2014 Fair Value Hierarchy Level Carrying Amount Estimated Fair Value Financial assets: Cash and due from financial institutions Level 1 $ $ Time deposits with financial institutions Level 2 Securities available-for-sale See previous table Securities held-to-maturity Level 2 Federal Home Loan Bank stock Level 1 Loans, net Level 2 Accrued interest receivable Level 1 Financial liabilities: Noninterest-bearing deposits Level 2 ) ) Interest-bearing deposits Level 2 ) ) Federal Home Loan Bank borrowings Level 2 ) ) Accrued interest payable and other liabilities Level 1 ) )

Accumulated Other Comprehensi42

Accumulated Other Comprehensive Income (Loss) (Tables)	12 Months Ended
	Jun. 30, 2015
Accumulated Other Comprehensive Income (Loss)
Schedule of components of accumulated other comprehensive income (loss)	2015 2014 Unrealized holding gains (losses) on securities available-for-sale $ ) $ ) Tax benefit ​ ​ ​ ​ ​ ​ ​ ​ $ ) $ ) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Transactions with Related Par43

Transactions with Related Parties (Tables)	12 Months Ended
	Jun. 30, 2015
Transactions with Related Parties
Schedule of transactions with related parties	2015 2014 Beginning balance $ $ New loans or transfers in Repayments or transfers out ) ) ​ ​ ​ ​ ​ ​ ​ ​ Ending balance $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Condensed Financial Informati44

Condensed Financial Information (Holding Company Only) (Tables)	12 Months Ended
	Jun. 30, 2015
Condensed Financial Information (Holding Company Only)
Condensed Balance Sheets	Condensed Balance Sheets June 30 2015 2014 Assets Cash and due from financial institutions $ $ Investment in Bank Other assets ​ ​ ​ ​ ​ ​ ​ ​ Total assets $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Liabilities and stockholders' equity Other liabilities $ $ Stockholders' equity ​ ​ ​ ​ ​ ​ ​ ​ Total liabilities and stockholders' equity $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Condensed Statements of Income	Condensed Statements of Income Years Ended June 30 2015 2014 Interest income $ $ Professional fees and other expenses ​ ​ ​ ​ ​ ​ ​ ​ Loss before income tax and equity in undistributed net income of subsidiary ) ) Income tax benefit ​ ​ ​ ​ ​ ​ ​ ​ Loss before equity in undistributed net income of subsidiary ) ) Equity in undistributed net income of subsidiary ​ ​ ​ ​ ​ ​ ​ ​ Net income $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Comprehensive income $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Condensed Statements of Cash Flows	Condensed Statements of Cash Flows Years Ended June 30 2015 2014 Cash Flows from Operating Activities: Net income $ $ Items not providing cash ) ) ​ ​ ​ ​ ​ ​ ​ ​ Net cash provided by operating activities ) ​ ​ ​ ​ ​ ​ ​ ​ Cash Flows from Financing Activities: Proceeds in advance of offering — ​ ​ ​ ​ ​ ​ ​ ​ Net cash provided by financing activities — ​ ​ ​ ​ ​ ​ ​ ​ Increase in cash and cash equivalents Cash and Cash Equivalents: Beginning ​ ​ ​ ​ ​ ​ ​ ​ Ending $ $ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Nature of Business and Signif45

Nature of Business and Significant Accounting Policies (Details)	Jul. 08, 2015	Jun. 30, 2015USD ($)	Jun. 30, 2014USD ($)
Time deposits with financial institutions
Time deposits with maturities of 12 months or less		$ 500,000	$ 1,250,000
Collateralized financing transactions
Securities available-for-sale, at fair value		243,653	369,105
Securities held-to-maturity, at amortized cost		$ 603,793	$ 615,054
Plan of Conversion
Plan of Conversion and stock issuance
Exchange ratio	1.0911

Nature of Business and Signif46

Nature of Business and Significant Accounting Policies (Details 2) - Jun. 30, 2015 - USD ($)	Total
Commercial and Agricultural
Allowance for loan losses
Maximum aggregate exposure not requiring a loan review within 12 months of most recent credit review	$ 250,000
Fair Quality
Allowance for loan losses
Possible realized loss term	4 years
Term loans | Maximum | Commercial
Allowance for loan losses
Loan term	10 years
Term loans | Maximum | Agricultural
Allowance for loan losses
Loan term	10 years
Lines of credit | Maximum | Commercial
Allowance for loan losses
Loan term	1 year
Lines of credit | Maximum | Agricultural
Allowance for loan losses
Loan term	1 year

Nature of Business and Signif47

Nature of Business and Significant Accounting Policies (Details 3) - USD ($)	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Long-term assets
Recognized impairment	$ 0	$ 0
Building and improvements | Minimum
Premises and equipment
Depreciable life	25 years
Building and improvements | Maximum
Premises and equipment
Depreciable life	40 years
Routine building improvements | Minimum
Premises and equipment
Depreciable life	10 years
Routine building improvements | Maximum
Premises and equipment
Depreciable life	20 years
Furniture and equipment | Minimum
Premises and equipment
Depreciable life	5 years
Furniture and equipment | Maximum
Premises and equipment
Depreciable life	15 years
Vehicles
Premises and equipment
Depreciable life	5 years
Computer equipment | Minimum
Premises and equipment
Depreciable life	2 years
Computer equipment | Maximum
Premises and equipment
Depreciable life	5 years

Securities (Details)

Securities (Details) - USD ($)	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Amortized cost and estimated fair value of investments in debt and equity securities
Securities available-for-sale	$ 420,248	$ 882,308
Investment securities held-to-maturity, amortized cost	3,276,752	3,642,304
Investment securities held-to-maturity , gross unrealized gains	21,340	26,272
Investment securities held-to-maturity , gross unrealized losses		(797)
Investment securities held-to-maturity, estimated fair value	3,298,092	3,667,779
Interest income	189,111	175,294
Residential mortgage-backed securities
Amortized cost and estimated fair value of investments in debt and equity securities
Investment securities available-for-sale, amortized cost	426,392	887,394
Investment securities available-for-sale , gross unrealized losses	(6,144)	(5,086)
Securities available-for-sale	420,248	882,308
Investment securities held-to-maturity, amortized cost	259,481	500,811
Investment securities held-to-maturity , gross unrealized gains	18,101	25,265
Investment securities held-to-maturity, estimated fair value	277,582	526,076
Municipal bonds
Amortized cost and estimated fair value of investments in debt and equity securities
Investment securities held-to-maturity, amortized cost	3,017,271	3,141,493
Investment securities held-to-maturity , gross unrealized gains	3,239	1,007
Investment securities held-to-maturity , gross unrealized losses		(797)
Investment securities held-to-maturity, estimated fair value	3,020,510	3,141,703
Interest income	141,000	$ 80,000
Available-for-sale Securities, Debt Maturities, Single Maturity Date [Abstract]
Held-to-maturity securities maturing in the year ending June 30, 2019	$ 2,900,000

Loans (Details)

Loans (Details) - USD ($)	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2013
Loans disclosures
Total loans	$ 180,445,199	$ 159,518,060
Deferred loan origination costs, net	561,287	565,380
Allowance for loan losses	(2,583,000)	(2,574,000)	$ (2,293,000)
Deferred loan origination costs and allowance	(2,021,713)	(2,008,620)
Loans, net	178,423,486	157,509,440
Commercial
Loans disclosures
Total loans	71,576,395	63,427,798
Allowance for loan losses	(1,124,000)	(1,237,000)	(1,010,000)
Commercial | Operating
Loans disclosures
Total loans	14,967,289	18,138,426
Commercial | Real estate
Loans disclosures
Total loans	56,609,106	45,289,372
Agricultural
Loans disclosures
Total loans	48,278,177	44,560,934
Allowance for loan losses	(697,000)	(646,000)	(451,000)
Agricultural | Operating
Loans disclosures
Total loans	27,229,622	24,883,737
Agricultural | Real estate
Loans disclosures
Total loans	21,048,555	19,677,197
Residential
Loans disclosures
Total loans	51,653,368	43,689,729
Allowance for loan losses	(644,000)	(586,000)	(718,000)
Residential | 1 - 4 family
Loans disclosures
Total loans	40,892,433	34,020,587
Residential | Consumer - Home equity and lines of credit
Loans disclosures
Total loans	10,760,935	9,669,142
Other
Loans disclosures
Total loans	8,937,259	7,839,599
Allowance for loan losses	(118,000)	(105,000)	$ (114,000)
Other | Construction and land
Loans disclosures
Total loans	5,844,461	5,043,990
Other | Consumer - Personal
Loans disclosures
Total loans	$ 3,092,798	$ 2,795,609

Loans (Details 2)

Loans (Details 2) - USD ($)	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Allowance for loan losses:
Balance, beginning	$ 2,574,000	$ 2,293,000
Provision charged to expense	(557,533)	(681,169)
Recoveries	982,664	1,052,390
Loans charged off	(416,131)	(90,221)
Balance, ending	2,583,000	2,574,000
Commercial
Allowance for loan losses:
Balance, beginning	1,237,000	1,010,000
Provision charged to expense	256,368	(541,858)
Recoveries	36,212	834,235
Loans charged off	(405,580)	(65,377)
Balance, ending	1,124,000	1,237,000
Agricultural
Allowance for loan losses:
Balance, beginning	646,000	451,000
Provision charged to expense	51,000	195,000
Balance, ending	697,000	646,000
Residential
Allowance for loan losses:
Balance, beginning	586,000	718,000
Provision charged to expense	44,097	(122,746)
Recoveries	13,903	1,600
Loans charged off		(10,854)
Balance, ending	644,000	586,000
Other
Allowance for loan losses:
Balance, beginning	105,000	114,000
Provision charged to expense	(908,998)	(211,565)
Recoveries	932,549	216,555
Loans charged off	(10,551)	(13,990)
Balance, ending	$ 118,000	$ 105,000

Loans (Details 3)

Loans (Details 3) - USD ($)	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2013
Allowance for loan losses:
Allowance for loans individually evaluated for impairment	$ 25,566	$ 322,469
Allowance for loans collectively evaluated for impairment	2,557,434	2,251,531
Total Allowance	2,583,000	2,574,000	$ 2,293,000
Loan balances
Loans individually evaluated for impairment	4,842,177	5,091,918
Loans collectively evaluated for impairment	175,603,022	154,426,142
Total loans	$ 180,445,199	$ 159,518,060
Allowance as percentage of loans:
Allowance as a percentage of loans individually evaluated for impairment	0.53%	6.33%
Allowance as a percentage of loans collectively evaluated for impairment	1.46%	1.46%
Allowance as a percentage of total loans evaluated for impairment	1.43%	1.61%
Commercial
Allowance for loan losses:
Allowance for loans individually evaluated for impairment	$ 5,617	$ 270,272
Allowance for loans collectively evaluated for impairment	1,118,383	966,728
Total Allowance	1,124,000	1,237,000	1,010,000
Loan balances
Loans individually evaluated for impairment	549,983	792,682
Loans collectively evaluated for impairment	71,026,412	62,635,116
Total loans	$ 71,576,395	$ 63,427,798
Allowance as percentage of loans:
Allowance as a percentage of loans individually evaluated for impairment	1.02%	34.10%
Allowance as a percentage of loans collectively evaluated for impairment	1.57%	1.54%
Allowance as a percentage of total loans evaluated for impairment	1.57%	1.95%
Agricultural
Allowance for loan losses:
Allowance for loans collectively evaluated for impairment	$ 697,000	$ 646,000
Total Allowance	697,000	646,000	451,000
Loan balances
Loans individually evaluated for impairment	482,442
Loans collectively evaluated for impairment	47,795,735	44,560,934
Total loans	$ 48,278,177	$ 44,560,934
Allowance as percentage of loans:
Allowance as a percentage of loans individually evaluated for impairment	0.00%	0.00%
Allowance as a percentage of loans collectively evaluated for impairment	1.46%	1.45%
Allowance as a percentage of total loans evaluated for impairment	1.44%	1.45%
Residential
Allowance for loan losses:
Allowance for loans individually evaluated for impairment	$ 19,949	$ 52,197
Allowance for loans collectively evaluated for impairment	624,051	533,803
Total Allowance	644,000	586,000	718,000
Loan balances
Loans individually evaluated for impairment	3,802,074	4,286,736
Loans collectively evaluated for impairment	47,851,294	39,402,993
Total loans	$ 51,653,368	$ 43,689,729
Allowance as percentage of loans:
Allowance as a percentage of loans individually evaluated for impairment	0.52%	1.22%
Allowance as a percentage of loans collectively evaluated for impairment	1.30%	1.35%
Allowance as a percentage of total loans evaluated for impairment	1.25%	1.34%
Other
Allowance for loan losses:
Allowance for loans collectively evaluated for impairment	$ 118,000	$ 105,000
Total Allowance	118,000	105,000	$ 114,000
Loan balances
Loans individually evaluated for impairment	7,678	12,500
Loans collectively evaluated for impairment	8,929,581	7,827,099
Total loans	$ 8,937,259	$ 7,839,599
Allowance as percentage of loans:
Allowance as a percentage of loans individually evaluated for impairment	0.00%	0.00%
Allowance as a percentage of loans collectively evaluated for impairment	1.32%	1.34%
Allowance as a percentage of total loans evaluated for impairment	1.32%	1.34%

Loans (Details 4)

Loans (Details 4) - USD ($)	Jun. 30, 2015	Jun. 30, 2014
Summary of aging in terms of unpaid principal balance
Current	$ 179,111,547	$ 158,669,584
31-60 Days Past Due	1,317,480	85,497
61-90 Days Past Due	16,172	548,455
Greater Than 90 Days Past Due		214,524
Total loans	$ 180,445,199	$ 159,518,060
Current, Percentage	99.26%	99.48%
31-60 Days Past Due, Percentage	0.73%	0.05%
61-90 Days Past Due, Percentage	0.01%	0.34%
Greater Than 90 Days Past Due, Percentage	0.00%	0.13%
Total Loans, Percentage	100.00%	100.00%
Commercial
Summary of aging in terms of unpaid principal balance
Total loans	$ 71,576,395	$ 63,427,798
Commercial | Operating
Summary of aging in terms of unpaid principal balance
Current	14,933,071	18,027,590
31-60 Days Past Due	34,218	4,298
Greater Than 90 Days Past Due		106,538
Total loans	14,967,289	18,138,426
Commercial | Real estate
Summary of aging in terms of unpaid principal balance
Current	56,415,655	45,051,510
31-60 Days Past Due	193,451
61-90 Days Past Due		199,638
Greater Than 90 Days Past Due		38,224
Total loans	56,609,106	45,289,372
Agricultural
Summary of aging in terms of unpaid principal balance
Total loans	48,278,177	44,560,934
Agricultural | Operating
Summary of aging in terms of unpaid principal balance
Current	27,229,622	24,883,737
Total loans	27,229,622	24,883,737
Agricultural | Real estate
Summary of aging in terms of unpaid principal balance
Current	21,033,555	19,677,197
31-60 Days Past Due	15,000
Total loans	21,048,555	19,677,197
Residential
Summary of aging in terms of unpaid principal balance
Total loans	51,653,368	43,689,729
Residential | 1 - 4 family
Summary of aging in terms of unpaid principal balance
Current	39,866,787	33,537,729
31-60 Days Past Due	1,024,437	64,279
61-90 Days Past Due	1,209	348,817
Greater Than 90 Days Past Due		69,762
Total loans	40,892,433	34,020,587
Residential | Consumer - Home equity and lines of credit
Summary of aging in terms of unpaid principal balance
Current	10,726,023	9,652,522
31-60 Days Past Due	19,949	16,620
61-90 Days Past Due	14,963
Total loans	10,760,935	9,669,142
Other
Summary of aging in terms of unpaid principal balance
Total loans	8,937,259	7,839,599
Other | Construction and land
Summary of aging in terms of unpaid principal balance
Current	5,844,461	5,043,990
Total loans	5,844,461	5,043,990
Other | Consumer - Personal
Summary of aging in terms of unpaid principal balance
Current	3,062,373	2,795,309
31-60 Days Past Due	30,425	300
Total loans	$ 3,092,798	$ 2,795,609

Loans (Details 5)

Loans (Details 5) - USD ($)	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Unpaid principal balance by credit quality indicator
Unpaid principal balance	$ 180,445,199	$ 159,518,060
Performing Financing Receivable Maximum Days Past Due	31 days
Nonperforming Financing Receivable Minimum Days Past Due	31 days
Commercial and Agricultural
Unpaid principal balance by credit quality indicator
Unpaid principal balance	$ 119,854,572	107,988,732
Financing Receivable Risk Rating Minimum Review Period	12 months
Commercial
Unpaid principal balance by credit quality indicator
Unpaid principal balance	$ 71,576,395	63,427,798
Commercial | Operating
Unpaid principal balance by credit quality indicator
Unpaid principal balance	14,967,289	18,138,426
Commercial | Real estate
Unpaid principal balance by credit quality indicator
Unpaid principal balance	56,609,106	45,289,372
Agricultural
Unpaid principal balance by credit quality indicator
Unpaid principal balance	48,278,177	44,560,934
Agricultural | Operating
Unpaid principal balance by credit quality indicator
Unpaid principal balance	27,229,622	24,883,737
Agricultural | Real estate
Unpaid principal balance by credit quality indicator
Unpaid principal balance	21,048,555	19,677,197
Residential Real Estate and Other Combined
Unpaid principal balance by credit quality indicator
Unpaid principal balance	60,590,627	51,529,328
Residential
Unpaid principal balance by credit quality indicator
Unpaid principal balance	51,653,368	43,689,729
Residential | 1 - 4 family
Unpaid principal balance by credit quality indicator
Unpaid principal balance	40,892,433	34,020,587
Residential | Consumer - Home equity and lines of credit
Unpaid principal balance by credit quality indicator
Unpaid principal balance	10,760,935	9,669,142
Other
Unpaid principal balance by credit quality indicator
Unpaid principal balance	8,937,259	7,839,599
Other | Construction and land
Unpaid principal balance by credit quality indicator
Unpaid principal balance	5,844,461	5,043,990
Other | Consumer - Personal
Unpaid principal balance by credit quality indicator
Unpaid principal balance	3,092,798	2,795,609
Highest Quality (rating 1) | Commercial and Agricultural
Unpaid principal balance by credit quality indicator
Unpaid principal balance	447,515	874,921
Highest Quality (rating 1) | Commercial | Operating
Unpaid principal balance by credit quality indicator
Unpaid principal balance		27,495
Highest Quality (rating 1) | Agricultural | Operating
Unpaid principal balance by credit quality indicator
Unpaid principal balance	257,515	648,226
Highest Quality (rating 1) | Agricultural | Real estate
Unpaid principal balance by credit quality indicator
Unpaid principal balance	190,000	199,200
Good Quality (rating 2) | Commercial and Agricultural
Unpaid principal balance by credit quality indicator
Unpaid principal balance	20,366,342	15,374,556
Good Quality (rating 2) | Commercial | Operating
Unpaid principal balance by credit quality indicator
Unpaid principal balance	333,434	237,591
Good Quality (rating 2) | Commercial | Real estate
Unpaid principal balance by credit quality indicator
Unpaid principal balance	4,913,937	6,635,611
Good Quality (rating 2) | Agricultural | Operating
Unpaid principal balance by credit quality indicator
Unpaid principal balance	10,029,448	3,246,964
Good Quality (rating 2) | Agricultural | Real estate
Unpaid principal balance by credit quality indicator
Unpaid principal balance	5,089,523	5,254,390
Acceptable Quality (rating 3) | Commercial and Agricultural
Unpaid principal balance by credit quality indicator
Unpaid principal balance	57,536,991	47,870,060
Acceptable Quality (rating 3) | Commercial | Operating
Unpaid principal balance by credit quality indicator
Unpaid principal balance	8,409,732	9,012,508
Acceptable Quality (rating 3) | Commercial | Real estate
Unpaid principal balance by credit quality indicator
Unpaid principal balance	30,494,389	22,943,545
Acceptable Quality (rating 3) | Agricultural | Operating
Unpaid principal balance by credit quality indicator
Unpaid principal balance	9,089,993	6,998,671
Acceptable Quality (rating 3) | Agricultural | Real estate
Unpaid principal balance by credit quality indicator
Unpaid principal balance	9,542,877	8,915,336
Fair Quality (rating 4) | Commercial and Agricultural
Unpaid principal balance by credit quality indicator
Unpaid principal balance	38,661,851	41,160,423
Fair Quality (rating 4) | Commercial | Operating
Unpaid principal balance by credit quality indicator
Unpaid principal balance	5,880,641	7,384,634
Fair Quality (rating 4) | Commercial | Real estate
Unpaid principal balance by credit quality indicator
Unpaid principal balance	19,404,832	14,477,642
Fair Quality (rating 4) | Agricultural | Operating
Unpaid principal balance by credit quality indicator
Unpaid principal balance	7,622,340	13,989,876
Fair Quality (rating 4) | Agricultural | Real estate
Unpaid principal balance by credit quality indicator
Unpaid principal balance	5,754,038	5,308,271
Special Mention | Commercial and Agricultural
Unpaid principal balance by credit quality indicator
Unpaid principal balance		51,909
Special Mention | Commercial | Real estate
Unpaid principal balance by credit quality indicator
Unpaid principal balance		51,909
Substandard | Commercial and Agricultural
Unpaid principal balance by credit quality indicator
Unpaid principal balance	2,841,873	2,656,863
Substandard | Commercial | Operating
Unpaid principal balance by credit quality indicator
Unpaid principal balance	343,482	1,476,198
Substandard | Commercial | Real estate
Unpaid principal balance by credit quality indicator
Unpaid principal balance	1,795,948	1,180,665
Substandard | Agricultural | Operating
Unpaid principal balance by credit quality indicator
Unpaid principal balance	230,326
Substandard | Agricultural | Real estate
Unpaid principal balance by credit quality indicator
Unpaid principal balance	472,117
Performing | Residential Real Estate and Other Combined
Unpaid principal balance by credit quality indicator
Unpaid principal balance	59,115,574	51,029,550
Performing | Residential | 1 - 4 family
Unpaid principal balance by credit quality indicator
Unpaid principal balance	39,488,822	33,537,729
Performing | Residential | Consumer - Home equity and lines of credit
Unpaid principal balance by credit quality indicator
Unpaid principal balance	10,726,024	9,652,522
Performing | Other | Construction and land
Unpaid principal balance by credit quality indicator
Unpaid principal balance	5,844,461	5,043,990
Performing | Other | Consumer - Personal
Unpaid principal balance by credit quality indicator
Unpaid principal balance	3,056,267	2,795,309
Nonperforming | Residential Real Estate and Other Combined
Unpaid principal balance by credit quality indicator
Unpaid principal balance	1,475,053	499,778
Nonperforming | Residential | 1 - 4 family
Unpaid principal balance by credit quality indicator
Unpaid principal balance	1,403,611	482,858
Nonperforming | Residential | Consumer - Home equity and lines of credit
Unpaid principal balance by credit quality indicator
Unpaid principal balance	34,911	16,620
Nonperforming | Other | Consumer - Personal
Unpaid principal balance by credit quality indicator
Unpaid principal balance	$ 36,531	$ 300

Loans (Details 6)

Loans (Details 6) - USD ($)	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Impaired loans with no specific allowance recorded:
Recorded Investment	$ 4,796,812	$ 3,531,526
Unpaid Principal Balance	4,766,055	3,523,615
Average Recorded Investment	4,873,797	4,082,775
Interest Income Recognized	252,982	187,840
Impaired loans with specific allowance recorded:
Recorded Investment	76,306	1,574,476
Unpaid Principal Balance	76,122	1,568,303
Related Allowance	25,566	322,469
Average Recorded Investment	80,598	1,515,783
Interest Income Recognized	3,266	84,452
Total impaired loans:
Recorded Investment	4,873,118	5,106,002
Unpaid Principal Balance	4,842,177	5,091,918
Related Allowance	25,566	322,469
Average Recorded Investment	4,954,395	5,598,558
Interest Income Recognized	256,248	272,292
Commercial | Operating
Impaired loans with no specific allowance recorded:
Recorded Investment	274,833	55,800
Unpaid Principal Balance	273,212	54,649
Average Recorded Investment	305,299	224,952
Interest Income Recognized	17,874	5,062
Impaired loans with specific allowance recorded:
Recorded Investment	56,246	541,203
Unpaid Principal Balance	56,173	538,395
Related Allowance	5,617	270,272
Average Recorded Investment	59,770	431,108
Interest Income Recognized	2,287	23,252
Total impaired loans:
Recorded Investment	331,079	597,003
Unpaid Principal Balance	329,385	593,044
Related Allowance	5,617	270,272
Average Recorded Investment	365,069	656,060
Interest Income Recognized	20,161	28,314
Commercial | Real estate
Impaired loans with no specific allowance recorded:
Recorded Investment	228,889	199,149
Unpaid Principal Balance	220,598	199,638
Average Recorded Investment	236,453	99,575
Interest Income Recognized	13,046	13,025
Total impaired loans:
Recorded Investment	228,889	199,149
Unpaid Principal Balance	220,598	199,638
Average Recorded Investment	236,453	99,575
Interest Income Recognized	13,046	13,025
Agricultural | Operating
Impaired loans with no specific allowance recorded:
Recorded Investment	10,344
Unpaid Principal Balance	10,326
Average Recorded Investment	12,851
Interest Income Recognized	658
Total impaired loans:
Recorded Investment	10,344
Unpaid Principal Balance	10,326
Average Recorded Investment	12,851
Interest Income Recognized	658
Agricultural | Real estate
Impaired loans with no specific allowance recorded:
Recorded Investment	480,879
Unpaid Principal Balance	472,116
Average Recorded Investment	412,937
Interest Income Recognized	16,848
Total impaired loans:
Recorded Investment	480,879
Unpaid Principal Balance	472,116
Average Recorded Investment	412,937
Interest Income Recognized	16,848
Residential | 1 - 4 family
Impaired loans with no specific allowance recorded:
Recorded Investment	3,730,154	3,196,754
Unpaid Principal Balance	3,718,852	3,189,520
Average Recorded Investment	3,830,736	3,676,200
Interest Income Recognized	199,991	164,138
Impaired loans with specific allowance recorded:
Recorded Investment		1,011,629
Unpaid Principal Balance		1,008,328
Related Allowance		30,617
Average Recorded Investment		1,062,152
Interest Income Recognized		59,431
Total impaired loans:
Recorded Investment	3,730,154	4,208,383
Unpaid Principal Balance	3,718,852	4,197,848
Related Allowance		30,617
Average Recorded Investment	3,830,736	4,738,352
Interest Income Recognized	199,991	223,569
Residential | Consumer - Home equity and lines of credit
Impaired loans with no specific allowance recorded:
Recorded Investment	63,575	67,339
Unpaid Principal Balance	63,273	67,308
Average Recorded Investment	65,504	69,425
Interest Income Recognized	3,989	4,586
Impaired loans with specific allowance recorded:
Recorded Investment	20,060	21,644
Unpaid Principal Balance	19,949	21,580
Related Allowance	19,949	21,580
Average Recorded Investment	20,828	22,523
Interest Income Recognized	979	1,769
Total impaired loans:
Recorded Investment	83,635	88,983
Unpaid Principal Balance	83,222	88,888
Related Allowance	19,949	21,580
Average Recorded Investment	86,332	91,948
Interest Income Recognized	4,968	6,355
Other | Consumer - Personal
Impaired loans with no specific allowance recorded:
Recorded Investment	8,138	12,484
Unpaid Principal Balance	7,678	12,500
Average Recorded Investment	10,017	12,623
Interest Income Recognized	576	1,029
Total impaired loans:
Recorded Investment	8,138	12,484
Unpaid Principal Balance	7,678	12,500
Average Recorded Investment	10,017	12,623
Interest Income Recognized	$ 576	$ 1,029

Loans (Details 7)

Loans (Details 7)	Jun. 30, 2015USD ($)item	Jun. 30, 2014USD ($)item
Summary of troubled debt restructured loans
Number of TDRs	100	103
Recorded Investment | $	$ 4,528,555	$ 4,997,017
Extension of maturity
Summary of troubled debt restructured loans
Number of TDRs	50	49
Recorded Investment | $	$ 2,636,099	$ 2,253,880
Reduction of interest rate below market
Summary of troubled debt restructured loans
Number of TDRs	50	54
Recorded Investment | $	$ 1,892,456	$ 2,743,137
Operating | Commercial
Summary of troubled debt restructured loans
Number of TDRs	5	7
Recorded Investment | $	$ 280,704	$ 519,679
Operating | Extension of maturity | Commercial
Summary of troubled debt restructured loans
Number of TDRs	4	6
Recorded Investment | $	$ 224,458	$ 163,537
Operating | Reduction of interest rate below market | Commercial
Summary of troubled debt restructured loans
Number of TDRs	1	1
Recorded Investment | $	$ 56,246	$ 356,142
Real estate | Commercial
Summary of troubled debt restructured loans
Number of TDRs	45	1
Recorded Investment | $	$ 2,188,741	$ 199,149
Real estate | Agricultural
Summary of troubled debt restructured loans
Number of TDRs	1
Recorded Investment | $	$ 234,485
Real estate | Extension of maturity | Commercial
Summary of troubled debt restructured loans
Number of TDRs	7	1
Recorded Investment | $	$ 760,837	$ 199,149
Real estate | Extension of maturity | Agricultural
Summary of troubled debt restructured loans
Number of TDRs	1
Recorded Investment | $	$ 234,485
Real estate | Reduction of interest rate below market | Commercial
Summary of troubled debt restructured loans
Number of TDRs	38
Recorded Investment | $	$ 1,427,904
1 - 4 family | Residential
Summary of troubled debt restructured loans
Number of TDRs	43	87
Recorded Investment | $	$ 1,752,912	$ 4,176,722
1 - 4 family | Extension of maturity | Residential
Summary of troubled debt restructured loans
Number of TDRs	32	35
Recorded Investment | $	$ 1,344,606	$ 1,811,371
1 - 4 family | Reduction of interest rate below market | Residential
Summary of troubled debt restructured loans
Number of TDRs	11	52
Recorded Investment | $	$ 408,306	$ 2,365,351
Consumer - Home equity and lines of credit | Residential
Summary of troubled debt restructured loans
Number of TDRs	4	5
Recorded Investment | $	$ 63,575	$ 88,983
Consumer - Home equity and lines of credit | Extension of maturity | Residential
Summary of troubled debt restructured loans
Number of TDRs	4	4
Recorded Investment | $	$ 63,575	$ 67,339
Consumer - Home equity and lines of credit | Reduction of interest rate below market | Residential
Summary of troubled debt restructured loans
Number of TDRs		1
Recorded Investment | $		$ 21,644
Consumer - Personal | Other
Summary of troubled debt restructured loans
Number of TDRs	2	3
Recorded Investment | $	$ 8,138	$ 12,484
Consumer - Personal | Extension of maturity | Other
Summary of troubled debt restructured loans
Number of TDRs	2	3
Recorded Investment | $	$ 8,138	$ 12,484

Loans (Details 8)

Loans (Details 8)	12 Months Ended
	Jun. 30, 2015USD ($)item	Jun. 30, 2014USD ($)item
Summary of loans whose terms were modified in a manner that met the definition of a TDR
Number of TDRs	5	1
Recorded Investment | $	$ 560,805	$ 199,149
Commercial | Operating
Summary of loans whose terms were modified in a manner that met the definition of a TDR
Number of TDRs	3
Recorded Investment | $	$ 272,908
Commercial | Real estate
Summary of loans whose terms were modified in a manner that met the definition of a TDR
Number of TDRs		1
Recorded Investment | $		$ 199,149
Agricultural | Real estate
Summary of loans whose terms were modified in a manner that met the definition of a TDR
Number of TDRs	1
Recorded Investment | $	$ 234,485
Residential | 1 - 4 family
Summary of loans whose terms were modified in a manner that met the definition of a TDR
Number of TDRs	1
Recorded Investment | $	$ 53,412
Extension of maturity
Summary of loans whose terms were modified in a manner that met the definition of a TDR
Number of TDRs	4	1
Recorded Investment | $	$ 504,559	$ 199,149
Extension of maturity | Commercial | Operating
Summary of loans whose terms were modified in a manner that met the definition of a TDR
Number of TDRs	2
Recorded Investment | $	$ 216,662
Extension of maturity | Commercial | Real estate
Summary of loans whose terms were modified in a manner that met the definition of a TDR
Number of TDRs		1
Recorded Investment | $		$ 199,149
Extension of maturity | Agricultural | Real estate
Summary of loans whose terms were modified in a manner that met the definition of a TDR
Number of TDRs	1
Recorded Investment | $	$ 234,485
Extension of maturity | Residential | 1 - 4 family
Summary of loans whose terms were modified in a manner that met the definition of a TDR
Number of TDRs	1
Recorded Investment | $	$ 53,412
Reduction of interest rate below market | Commercial
Summary of loans whose terms were modified in a manner that met the definition of a TDR
Number of TDRs	1
Recorded Investment | $	$ 56,246
Reduction of interest rate below market | Commercial | Operating
Summary of loans whose terms were modified in a manner that met the definition of a TDR
Number of TDRs	1
Recorded Investment | $	$ 56,246

Loan Servicing (Details)

Loan Servicing (Details) - USD ($)	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Loan Servicing
Principal amount outstanding on loans serviced for others	$ 91,015,000	$ 83,808,000
Proceeds from sale of loans	28,943,974	19,250,990
Fixed rate | 1 - 4 family | Residential
Loan Servicing
Proceeds from sale of loans	28,944,000	19,251,000
Pre-tax gain on sale of loans	722,000	537,000
Conventional loan | Federal Home Loan Bank
Loan Servicing
Principal amount outstanding of loans originated and sold in Mortgage Partnership Finance ("MPF") Program	18,953,634	19,652,262
Possible credit enhancement losses cap on loans originated and sold in Mortgage Partnership Finance ("MPF") Program	$ 1,143,402	$ 1,109,788

Accrued Interest Receivable (De

Accrued Interest Receivable (Details) - USD ($)	Jun. 30, 2015	Jun. 30, 2014
Interest Receivable	$ 1,044,271	$ 983,958
Time deposits with other financial institutions
Interest Receivable	334	950
Securities
Interest Receivable	13,046	15,846
Loans
Interest Receivable	$ 1,030,891	$ 967,162

Premises and Equipment, Net (De

Premises and Equipment, Net (Details) - USD ($)	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Property, Plant and Equipment [Line Items]
Premises and equipment, gross	$ 10,003,359	$ 9,879,654
Less accumulated depreciation	(4,451,569)	(4,416,056)
Total premises and equipment, net	5,551,790	5,463,598
Depreciation	319,843	271,632
Land and land improvements
Property, Plant and Equipment [Line Items]
Premises and equipment, gross	1,345,583	1,345,583
Building and improvements
Property, Plant and Equipment [Line Items]
Premises and equipment, gross	6,862,619	6,849,050
Furniture and equipment
Property, Plant and Equipment [Line Items]
Premises and equipment, gross	1,275,292	1,231,338
Computer equipment
Property, Plant and Equipment [Line Items]
Premises and equipment, gross	462,849	$ 453,683
Vehicles
Property, Plant and Equipment [Line Items]
Premises and equipment, gross	$ 57,016

Deposits (Details)

Deposits (Details) - USD ($)	Jun. 30, 2015	Jun. 30, 2014
Noninterest-bearing deposits	$ 21,779,092	$ 20,582,628
Interest-bearing NOW	41,226,800	34,500,090
Money market accounts	51,319,426	39,970,420
Savings accounts	13,075,703	11,558,964
Certificates of deposit	47,367,900	43,151,191
Total deposits	174,768,921	149,763,293
Certificates of deposit
Certificates of deposit of $100,000 or more	$ 18,755,000	$ 15,408,000

Deposits (Details 2)

Deposits (Details 2) - USD ($)	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Scheduled maturities of certificates of deposit:
2,016	$ 26,831,155
2,017	12,662,345
2,018	2,325,445
2,019	1,265,947
2020 and beyond	4,283,008
Total certificates of deposit	47,367,900	$ 43,151,191
Interest expense on deposit accounts:
Interest bearing NOW	154,899	113,528
Money-market	265,802	190,432
Savings	32,137	27,054
Certificates of deposit	480,891	434,779
Total interest expense on deposit accounts	$ 933,729	$ 765,793

Federal Home Loan Bank and Othe

Federal Home Loan Bank and Other Borrowings (Details) - USD ($)	12 Months Ended
	Jun. 30, 2014	Jun. 30, 2015
Amount
Within 1 year	$ 7,942,372
1 to 2 years	3,041,651
Total variable-rate FHLB advances	10,984,023
Less prepayment penalty fee	(216,208)
Total FHLB borrowings	$ 10,767,815
Weighted Average Contractual Rate
Within 1 year	0.30%
1 to 2 years	0.32%
Total variable-rate FHLB advances	0.306%
Open line advances up to $10 million due on demand	0.24%
Total FHLB borrowings	0.306%
Federal Home Loan Bank Advances Disclosures
Federal Home Loan Bank Advances, Amount of Available, Unused Funds		$ 39,600,000
Line of credit
Outstanding balance		0
Minimum
Contractual Interest Rate Range
Within 1 year	0.30%
1 to 2 years	0.32%
Total variable-rate FHLB advances	0.30%
Open line advances up to $10 million due on demand	0.24%
Total FHLB borrowings	0.24%
Maximum
Contractual Interest Rate Range
Within 1 year	0.30%
1 to 2 years	0.32%
Total variable-rate FHLB advances	0.32%
Open line advances up to $10 million due on demand	0.24%
Total FHLB borrowings	0.32%
Midwest Independent Bank
Line of credit
Borrowing capacity		5,000,000
Pacific Coast Bankers Bank
Line of credit
Borrowing capacity		4,000,000
Federal Home Loan Bank of Topeka
Federal Home Loan Bank Advances Disclosures
Loans Pledged as Collateral	$ 31,700,000	$ 41,000,000

Regulatory Matters (Details)

Regulatory Matters (Details) - USD ($)	Jun. 30, 2015	Jun. 30, 2014
Compliance with regulatory capital requirements under banking regulations
Total capital (to risk weighted assets), amount	$ 20,626	$ 18,729
Total capital (to risk weighted assets), as a percent	11.50%	11.70%
Tier 1 (core) capital (to risk weighted assets), amount	$ 18,379	$ 16,736
Tier 1 (core) capital (to risk weighted assets), as a percent	10.30%	10.40%
Tier 1 (core) capital (to adjusted total assets), amount	$ 18,379	$ 16,736
Tier 1 (core) capital (to adjusted total assets), as a percent	9.10%	9.30%
Minimum Required for Capital Adequacy Purposes
Total capital (to risk weighted assets), amount	$ 14,306	$ 12,852
Total capital (to risk weighted assets), as a percent	8.00%	8.00%
Tier 1 (core) capital (to risk weighted assets), amount	$ 10,729	$ 6,426
Tier 1 (core) capital (to risk weighted assets), as a percent	6.00%	4.00%
Tier 1 (core) capital (to adjusted total assets), amount	$ 8,056	$ 7,196
Tier 1 (core) capital (to adjusted total assets), as a percent	4.00%	4.00%
Minimum Required to Be Well Capitalized Under Prompt Corrective Action Provisions
Total capital (to risk weighted assets), amount	$ 17,882	$ 16,065
Total capital (to risk weighted assets), as a percent	10.00%	10.00%
Tier 1 (core) capital (to risk weighted assets), amount	$ 14,306	$ 9,639
Tier 1 (core) capital (to risk weighted assets), as a percent	8.00%	6.00%
Tier 1 (core) capital (to adjusted total assets), amount	$ 10,070	$ 8,994
Tier 1 (core) capital (to adjusted total assets), as a percent	5.00%	5.00%
Common Equity
Compliance with regulatory capital requirements under banking regulations
Tier 1 (core) capital (to risk weighted assets), amount	$ 18,379
Tier 1 (core) capital (to risk weighted assets), as a percent	10.30%
Minimum Required for Capital Adequacy Purposes
Tier 1 (core) capital (to risk weighted assets), amount	$ 8,047
Tier 1 (core) capital (to risk weighted assets), as a percent	4.50%
Minimum Required to Be Well Capitalized Under Prompt Corrective Action Provisions
Tier 1 (core) capital (to risk weighted assets), amount	$ 11,624
Tier 1 (core) capital (to risk weighted assets), as a percent	6.50%

Income Taxes (Details)

Income Taxes (Details) - USD ($)	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Current:
Federal	$ (64,998)	$ (88,720)
State	(78,768)	(63,491)
Deferred:
Federal	(566,458)	(443,844)
Income tax expense	$ (710,224)	$ (596,055)

Income Taxes (Details 2)

Income Taxes (Details 2) - USD ($)	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Income Taxes
Statutory federal corporate tax rate (as a percent)	34.00%	34.00%
Effective Income Tax Rate Reconciliation, Amount [Abstract]
Provision computed at the statutory federal tax	$ (677,464)	$ (533,636)
State income taxes, net of federal tax	(51,987)	(41,904)
Release of unearned ESOP shares and stock	50,877	17,363
Nondeductible expenses	(6,313)	(5,401)
Return-to-provision, net	(21,617)	(32,614)
Other	(3,720)	137
Total income tax expense	(710,224)	(596,055)
Deferred Tax Liability Not Recognized, Bad Debt Reserve for Tax Purposes of Qualified Lender [Abstract]
Bad debt reserves not included in deferred income tax liability	2,132,000	2,132,000
Unrecognized deferred tax liability amount related to bad debt reserves	$ 725,000	$ 725,000

Income Taxes (Details 3)

Income Taxes (Details 3) - USD ($)	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Gross deferred tax assets:
Allowance for loan losses	$ 878,220	$ 875,160
Net operating loss carryover	1,170,892	1,697,062
Charitable contributions carryover		6,755
General business credits	324,364	324,364
Foreclosed asset writedowns	50,592	50,592
Unrealized loss on securities	2,089	1,729
Other	138,850	88,971
Total gross deferred tax assets	2,565,007	3,044,633
Gross deferred tax liabilities:
Additions in excess of base year loan reserve	(555,082)	(362,000)
Depreciation	(86,668)	(63,976)
FHLB stock dividends	(72,522)	(186,864)
Other	(6,546)	(21,506)
Total gross deferred tax liabilities	(720,818)	(634,346)
Valuation allowance for deferred tax assets	(79,000)	(79,000)
Net deferred tax asset	1,765,189	2,331,287
Income tax uncertainties:
Adjustment for unrecognized income tax benefits	0	0
Income tax examination, interest and penalties expense:
Interest and penalties expense	0	0
Income tax examination, interest and penalties accrued:
Interest and penalties accrued	0	$ 0
Federal
Net operating loss carryforwards	$ 3,400,000

Employee Benefit Plans (Details

Employee Benefit Plans (Details) - USD ($)	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Employee Benefit Plans
401(k) and profit sharing plans, minimum vesting period	1 year
401(k) and profit sharing plans, maximum vesting period	5 years
Company contributions to the 401(k) and profit sharing plans	$ 81,000	$ 75,000

Employee Benefit Plans (Detai68

Employee Benefit Plans (Details 2) - USD ($)	Nov. 08, 2005	Jun. 30, 2015	Dec. 31, 2014	Jun. 30, 2014	Dec. 31, 2013
Employee stock ownership plan ("ESOP")
Funds borrowed by the ESOP from the Company	$ 1,292,620
Company stock acquired by the ESOP (in shares)	$ 129,262
Price of Company stock acquired by the ESOP (in dollars per share)	$ 10
Annual principal and interest payments to be made by the ESOP		$ 145,000
Number of shares allocated to the ESOP		9,084	9,084	9,083	9,083
Fair value of shares allocated (in dollars per share)			$ 5.62		$ 4.10
Compensation expense		$ 57,516		$ 39,761
Number of released shares disclosed as allocated shares		83,845		74,761
Number of committed-to-be-released shares disclosed as allocated shares		4,542		4,542
Shares held by the ESOP
Allocated shares (in shares)		88,387		79,303
Unearned ESOP shares (in shares)		40,875		49,959
Total ESOP shares (in shares)		129,262		129,262
Fair value of unearned ESOP shares		$ 369,919		$ 244,799
Fair value of allocated shares subject to repurchase obligation		$ 516,800		$ 388,585

Employee Benefit Plans (Detai69

Employee Benefit Plans (Details 3) - 2006 Equity Incentive Plan	Jun. 30, 2015shares
Stock options
Share-based compensation
Number of shares that may be awarded to employees and directors under the plan	161,577
Restricted stock
Share-based compensation
Number of shares that may be awarded to employees and directors under the plan	64,631

Earnings per Share (Details)

Earnings per Share (Details) - USD ($)	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Components of basic earnings per share:
Weighted average common shares outstanding	3,075,606	3,065,598
Net income available to common stockholders	$ 1,282,316	$ 973,462
Basic earnings per share (in dollars per share)	$ 0.42	$ 0.32

Earnings per Share (Details 2)

Earnings per Share (Details 2) - USD ($)	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Components of diluted earnings per share:
Weighted average common shares outstanding	3,075,606	3,065,598
Weighted average of net additional shares from restricted stock awards	24,010	41,486
Weighted average number of shares outstanding	3,099,616	3,107,084
Net income available to common stockholders	$ 1,282,316	$ 973,462
Diluted earnings per share (in dollars per share)	$ 0.41	$ 0.31

Loan Commitments And Other Re72

Loan Commitments And Other Related Activities (Details) - USD ($)	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Loan Commitments and Other Related Activities
Fixed-rate commitments	$ 16,316,000
Commitments to extend credit
Loan Commitments and Other Related Activities
Contractual or notional amounts of financial instruments wherein contractual amounts represent credit risk	18,204,000	$ 11,022,000
Standby letters of credit
Loan Commitments and Other Related Activities
Contractual or notional amounts of financial instruments wherein contractual amounts represent credit risk	310,000	310,000
Unused lines of credit
Loan Commitments and Other Related Activities
Contractual or notional amounts of financial instruments wherein contractual amounts represent credit risk	$ 23,037,000	$ 19,131,000

Loan Commitments and Other Re73

Loan Commitments and Other Related Activities (Details 2) - USD ($)	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Future commitments under operating lease
2,016	$ 105,000
2,017	105,000
Rental expense under lease
Rental expense	$ 125,000	$ 159,000

Fair Value Measurements (Detail

Fair Value Measurements (Details) - USD ($)	Jun. 30, 2015	Jun. 30, 2014
Assets and Liabilities Measured on Recurring Basis
Fair value asset transfers from Level 1 to Level 2	$ 0	$ 0
Fair value asset transfers from Level 2 to Level 1	0	0
Fair value liability transfers from Level 1 to Level 2	0	0
Fair value liability transfers from Level 2 to Level 1	0	0
Assets:
Securities available-for-sale	420,248	882,308
Recurring
Assets:
Securities available-for-sale	420,248	882,308
Total assets	420,248	882,308
Recurring | Level 2
Assets:
Securities available-for-sale	420,248	882,308
Total assets	$ 420,248	$ 882,308

Fair Value Measurements (Deta75

Fair Value Measurements (Details 2) - USD ($)	Jun. 30, 2015	Jun. 30, 2014
Assets and Liabilities Measured on Nonrecurring Basis
Impaired loans	$ 4,873,118	$ 5,106,002
Foreclosed assets	349,708	413,200
Nonrecurring
Assets and Liabilities Measured on Nonrecurring Basis
Impaired loans	56,000	1,384,000
Foreclosed assets		125,000
Total assets	56,000	1,509,000
Nonrecurring | Level 3
Assets and Liabilities Measured on Nonrecurring Basis
Impaired loans	56,000	1,384,000
Foreclosed assets		125,000
Total assets	$ 56,000	$ 1,509,000

Fair Value Measurements (Deta76

Fair Value Measurements (Details 3) - USD ($)	Jun. 30, 2015	Jun. 30, 2014
Assets:
Cash and due from financial institutions	$ 21,512,653	$ 7,776,305
Time deposits with financial institutions	500,000	1,250,000
Securities available-for-sale	420,248	882,308
Securities held-to-maturity	3,298,092	3,667,779
Federal Home Loan Bank stock	226,800	549,600
Loans, net	178,423,486	157,509,440
Accrued interest receivable	1,044,271	983,958
Liabilities:
Noninterest-bearing deposits	(21,779,092)	(20,582,628)
Interest-bearing deposits	(152,989,829)	(129,180,665)
Federal Home Loan Bank borrowings		(10,767,815)
Accrued interest payable and other liabilities	(18,408,315)	(991,894)
Carrying Amount | Level 1
Assets:
Cash and due from financial institutions	21,512,653	7,776,305
Federal Home Loan Bank stock	226,800	549,600
Accrued interest receivable	1,765,189	983,958
Liabilities:
Accrued interest payable and other liabilities	18,408,315	(991,894)
Carrying Amount | Level 2
Assets:
Time deposits with financial institutions	500,000	1,250,000
Securities available-for-sale	420,248	882,308
Securities held-to-maturity	3,276,752	3,642,304
Loans, net	178,423,486	157,509,440
Liabilities:
Noninterest-bearing deposits	21,779,092	(20,582,628)
Interest-bearing deposits	152,989,829	(129,180,665)
Federal Home Loan Bank borrowings		(10,767,815)
Estimated Fair Value | Level 1
Assets:
Cash and due from financial institutions	21,513,000	7,776,000
Federal Home Loan Bank stock	227,000	550,000
Accrued interest receivable	1,765,000	984,000
Liabilities:
Accrued interest payable and other liabilities	18,408,000	(992,000)
Estimated Fair Value | Level 2
Assets:
Time deposits with financial institutions	500,000	1,250,000
Securities available-for-sale	420,000	882,000
Securities held-to-maturity	3,298,000	3,668,000
Loans, net	178,458,000	155,197,000
Liabilities:
Noninterest-bearing deposits	21,779,000	(20,583,000)
Interest-bearing deposits	$ 151,248,000	(127,003,000)
Federal Home Loan Bank borrowings		$ (10,745,000)

Accumulated Other Comprehensi77

Accumulated Other Comprehensive Income (Loss) (Details) - USD ($)	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Accumulated Other Comprehensive Income (Loss)
Unrealized holding gains (losses) on securities available-for-sale	$ (6,144)	$ (5,086)
Tax benefit	2,089	1,730
Total accumulated other comprehensive income (loss)	$ (4,055)	$ (3,356)

Transactions with Related Par78

Transactions with Related Parties (Details) - Principal officers, directors, and affiliated entities - USD ($)	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Loans and Leases Receivable, Related Parties [Roll Forward]
Beginning balance	$ 1,603,501	$ 838,516
New loans or transfers in	5,672,566	5,250,146
Repayments or transfers out	(5,965,462)	(4,485,161)
Ending balance	1,310,605	1,603,501
Deposits	$ 328,000	$ 314,000

Restatement to Previously-Iss79

Restatement to Previously-Issued Consolidated Financial Statements (Details) - Jun. 30, 2014 - Restatement to Previously Issued Consolidated Financial Statements - USD ($)	Total
Restatement to Previously-Issued Consolidated Financial Statements
Reduction to net deferred tax assets and retained earnings	$ 362,000
Increase to deferred income tax expense	$ 327,000

Condensed Financial Informati80

Condensed Financial Information (Holding Company Only) (Details) - USD ($)	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2013
Assets
Cash and due from financial institutions	$ 3,037,653	$ 5,364,305
Other assets	1,958,816	1,070,350
Total assets	215,029,713	181,872,350
Liabilities and stockholders' equity
Stockholders' Equity	20,931,210	19,603,672	$ 18,682,511
Total liabilities and stockholders' equity	215,029,713	181,872,350
Equitable Financial Corp.
Assets
Cash and due from financial institutions	17,367,243	183,715
Investment in Bank	19,738,649	18,361,709
Other assets	1,179,767	1,073,248
Total assets	38,285,659	19,618,672
Liabilities and stockholders' equity
Other liabilities	17,354,449	15,000
Stockholders' Equity	20,931,210	19,603,672
Total liabilities and stockholders' equity	$ 38,285,659	$ 19,618,672

Condensed Financial Informati81

Condensed Financial Information (Holding Company Only) (Details 2) - USD ($)	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Condensed Statements of Income
Interest income	$ 7,434,084	$ 6,910,208
Income tax benefit	(710,224)	(596,055)
Net income	1,282,316	973,462
Comprehensive income	1,281,617	989,105
Equitable Financial Corp.
Condensed Statements of Income
Interest income	45,379	52,036
Professional fees and other expenses	120,233	148,960
Loss before income tax and equity in undistributed net income of subsidiary	(74,854)	(96,924)
Income tax benefit	25,450	32,954
Loss before equity in undistributed net income of subsidiary	(49,404)	(63,970)
Equity in undistributed net income of subsidiary	1,331,720	1,037,432
Net income	1,282,316	973,462
Comprehensive income	$ 1,281,617	$ 989,105

Condensed Financial Informati82

Condensed Financial Information (Holding Company Only) (Details 3) - USD ($)	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Cash Flows from Operating Activities:
Net Income	$ 1,282,316	$ 973,462
Net cash provided by operating activities	1,930,040	1,840,814
Cash Flows from Investing Activities:
Proceeds in advance of offering	17,354,449
Net cash provided by financing activities	31,423,430	13,994,180
Increase (decrease) in cash and cash equivalents	13,736,348	(11,780,092)
Cash and Cash Equivalents:
Beginning	7,776,305	19,556,397
Ending	21,512,653	7,776,305
Equitable Financial Corp.
Cash Flows from Operating Activities:
Net Income	1,282,316	973,462
Items not providing cash	(1,453,237)	(971,619)
Net cash provided by operating activities	(170,921)	1,843
Cash Flows from Investing Activities:
Proceeds in advance of offering	17,354,449
Net cash provided by financing activities	17,354,449
Increase (decrease) in cash and cash equivalents	17,183,528	1,843
Cash and Cash Equivalents:
Beginning	183,715	181,872
Ending	$ 17,367,243	$ 183,715

Subsequent Event (Details)

Subsequent Event (Details) - USD ($)	Jul. 08, 2015	Nov. 08, 2005
Subsequent event
Proceeds used to fund ESOP loan		$ 1,292,620
Subsequent Event
Subsequent event
Issuance of common shares (in shares)	1,983,160
Price per share (in dollars per share)	$ 8
Gross proceeds	$ 15,900,000
Offering expenses	1,100,000
Net proceeds	14,800,000
Proceeds contributed to Equitable Bank	6,900,000
Proceeds used to fund ESOP loan	952,000
Proceeds retained by the Company	$ 6,900,000