Equitable Financial (EQFN) 10-Q 29 Jun 15 2015 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Mar. 31, 2015	Jun. 26, 2015
Document and Entity Information
Entity Registrant Name	Equitable Financial Corp.
Entity Central Index Key	1,635,626
Document Type	10-Q
Document Period End Date	Mar. 31, 2015
Amendment Flag	false
Current Fiscal Year End Date	--06-30
Entity Current Reporting Status	No
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		0
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q3

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Mar. 31, 2015	Jun. 30, 2014
Assets
Cash and due from financial institutions	$ 4,083,883	$ 5,364,305
Interest-earning deposits	16,151,000	2,412,000
Total cash and due from financial institutions and interest-earning deposits	20,234,883	7,776,305
Time deposits with financial institutions	500,000	1,250,000
Securities available-for-sale	547,123	882,308
Securities held-to-maturity	3,386,205	3,642,304
Federal Home Loan Bank stock, at cost	225,900	549,600
Loans, net of allowance for loan losses of $2,414,000 and $2,574,000, respectively	164,924,682	157,509,440
Premises and equipment, net	5,548,518	5,463,598
Foreclosed assets, net	350,605	413,200
Accrued interest receivable	1,055,697	983,958
Deferred taxes, net	1,876,664	2,331,287
Other assets	2,075,862	1,070,350
TOTAL ASSETS	200,726,139	181,872,350
Liabilities:
Noninterest-bearing deposits	22,467,002	20,582,628
Interest-bearing deposits	155,247,597	129,180,665
Total deposits	177,714,599	149,763,293
Federal Home Loan Bank borrowings		10,767,815
Advance payments from borrowers for taxes and insurance	462,593	357,091
Accrued interest payable and other liabilities	1,304,241	991,894
Total liabilities	179,481,433	161,880,093
Common stock in ESOP subject to contingent repurchase obligation	$ 444,578	$ 388,585
Commitments and contingencies (Note 14)
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	13,099,465	13,236,086
Retained earnings	10,019,893	8,902,839
Unearned ESOP Shares	(431,460)	(499,590)
Shares reserved for stock compensation	(496,768)	(698,015)
Treasury Stock at cost, 114,505 shares	(978,682)	(978,682)
Accumulated other comprehensive loss, net of tax	(717)	(3,356)
Reclassification of ESOP shares	(444,578)	(388,585)
Total stockholders' equity	20,800,128	19,603,672
Total liabilities and stockholders' equity	$ 200,726,139	$ 181,872,350

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($)	Mar. 31, 2015	Jun. 30, 2014
Condensed Consolidated Statements of Financial Condition
Allowance for loan losses	$ 2,414,000	$ 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 ($)	3 Months Ended		9 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Mar. 31, 2015	Mar. 31, 2014
Interest income:
Loans	$ 1,783,244	$ 1,585,704	$ 5,375,096	$ 5,014,429
Securities	44,785	56,609	149,350	120,176
Other	9,013	6,807	14,749	15,352
Total interest income	1,837,042	1,649,120	5,539,195	5,149,957
Interest expense:
Deposits	244,525	193,669	685,483	565,775
Federal Home Loan Bank borrowings	118,557	60,239	240,669	181,101
Other	279	964	279	6,130
Total interest expense	363,361	254,872	926,431	753,006
Net interest income	1,473,681	1,394,248	4,612,764	4,396,951
Provision for loan losses	(857,717)	(49)	(710,837)	(768,986)
Net interest income after provision for loan losses	2,331,398	1,394,297	5,323,601	5,165,937
NON-INTEREST INCOME:
Service charges on deposit accounts	128,908	133,514	427,605	435,072
Brokerage fee income	153,505	136,377	426,337	391,973
Gain on sale of loans	71,276	160,130	487,516	386,786
Other loan fees	59,488	59,439	187,577	125,501
Other income	20,926	13,665	69,722	53,764
Total non-interest income	434,103	503,125	1,598,757	1,393,096
NON-INTEREST EXPENSE:
Salaries and employee benefits	1,040,508	963,497	3,201,451	2,909,044
Director and committee fees	33,150	30,800	99,100	94,400
Data processing fees	125,191	123,289	200,988	398,994
Occupancy and equipment	226,665	230,801	678,711	669,423
Regulatory fees and deposit insurance premium	52,279	41,521	143,063	134,267
Advertising and public relations	69,124	72,717	154,829	171,600
Insurance and surety bond premiums	22,521	21,387	68,913	64,480
Professional fees	12,743	21,258	140,666	169,351
Supplies, telephone and postage	55,474	67,087	186,677	201,517
Other expenses	108,724	234,195	390,685	447,691
Total non-interest expense	1,746,379	1,806,552	5,265,083	5,260,767
Income before income taxes	1,019,122	90,870	1,657,275	1,298,266
Income tax expense	(403,995)	(41,084)	(540,221)	(436,198)
Net income	$ 615,127	$ 49,786	$ 1,117,054	$ 862,068
Basic earnings per share (in dollars per share)	$ 0.20	$ 0.02	$ 0.36	$ 0.28
Diluted earnings per share (in dollars per share)	$ 0.20	$ 0.02	$ 0.36	$ 0.28

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($)	3 Months Ended		9 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Mar. 31, 2015	Mar. 31, 2014
Condensed Consolidated Statements of Comprehensive Income
Net Income	$ 615,127	$ 49,786	$ 1,117,054	$ 862,068
Other comprehensive income:
Unrealized gain on securities available-for-sale, net of tax	1,941	7,071	2,639	8,676
Comprehensive income	$ 617,068	$ 56,857	$ 1,119,693	$ 870,744

Consolidated Statemend of Compr

Consolidated Statemend of Comprehensive Income (Parenthetical) - USD ($)	9 Months Ended	12 Months Ended
	Mar. 31, 2015	Jun. 30, 2014
Condensed Consolidated Statements of Comprehensive Income
Tax benefit	$ 369	$ 1,730

Consolidated Statements of Chan

Consolidated Statements of Changes in Stockholders' Equity - 9 months ended Mar. 31, 2015 - 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, 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			1,117,054						1,117,054
Other comprehensive income (loss)							2,639		2,639
Release of 4,542 unearned ESOP shares		(28,668)		68,130					39,462
Stock compensation expense		(107,953)			201,247				93,294
Reclassification due to release and changes in fair value of common stock in ESOP subject to contingent repurchase obligation of ESOP shares								(55,993)	(55,993)
BALANCE at Mar. 31, 2015	$ 32,975	$ 13,099,465	$ 10,019,893	$ (431,460)	$ (496,768)	$ (978,682)	$ (717)	$ (444,578)	$ 20,800,128

Consolidated Statements of Cha8

Consolidated Statements of Changes in Stockholders' Equity (Parenthetical) - shares	9 Months Ended	12 Months Ended
	Mar. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Condensed Consolidated Statements of Changes in Stockholders' Equity
Release of unearned ESOP shares (in shares)	6,813	9,084	9,083

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	3 Months Ended		9 Months Ended		12 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Mar. 31, 2015	Mar. 31, 2014	Jun. 30, 2014
Cash Flows from Operating Activities:
Net Income	$ 615,127	$ 49,786	$ 1,117,054	$ 862,068
Adjustment to reconcile net income to net cash provided by operating activities:
Depreciation	83,150	65,969	235,976	206,015
Federal Home Loan Bank stock dividends			(15,800)	(15,100)
ESOP expense			39,462	28,891	$ 39,761
Stock compensation expense			93,294
Amortization of deferred loan origination costs, net			350,492	326,728
Amortization of premiums and discounts			12,879	14,829
Amortization of prepayment penalty fee			216,208	153,459
Gain on sale of loans			(487,516)	(386,786)
(Gain) loss on sale of foreclosed assets			2,914	3,007
Provision for loan losses			(710,837)	(768,986)	(681,169)
Provision for repurchase reserve			17,062
Provision for foreclosed assets				133,570
Deferred taxes			453,262	380,778
Loans originated for sale			(18,541,664)	(12,824,935)
Proceeds from sale of loans			18,894,713	13,047,236
Loss on investment from low income housing			22,500	13,500
Changes in:
Accrued interest receivable			(71,739)	(172,060)
Other assets			(870,518)	215,267
Accrued interest payable and other liabilities			272,785	5,887
Net cash provided by operating activities			1,030,527	1,223,368
Cash Flows from Investing Activities:
Net change in loans			(7,055,424)	(17,059,409)
Proceeds from sale of foreclosed assets, net			59,681	1,196,873
Proceeds from maturity of time deposits with financial institutions			750,000	2,037,000
Securities available-for-sale:
Proceeds from calls and principal repayments			328,560	381,777
Securities held-to-maturity
Proceeds from calls and principal repayments			253,845	271,988
Purchases				(3,207,404)
Purchases of Federal Home Loan Bank stock			(13,500)
Redemption of Federal Home Loan Bank stock			353,000	1,198,100
Purchase of premises and equipment			(320,896)	(72,314)
Net cash used in investing activities			(5,644,734)	(15,253,389)
Cash Flows from Financing Activities:
Net change in deposits			27,951,306	15,915,249
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			105,502	90,911
Net cash provided by financing activities			17,072,785	14,990,968
Increase (decrease) in cash and cash equivalents			12,458,578	960,947
Cash and Cash Equivalents, at Carrying Value [Abstract]
Beginning			7,776,305	19,556,397	19,556,397
Ending	$ 20,234,883	$ 20,517,344	20,234,883	20,517,344	$ 7,776,305
Supplemental Cash Flow Information
Interest paid on deposits and borrowings			922,960	755,938
Income taxes paid			$ 112,222	$ 45,874

Basis of Presentation

Basis of Presentation	9 Months Ended
	Mar. 31, 2015
Basis of Presentation
Basis of Presentation	Note 1. Basis of Presentation The accompanying consolidated financial statements of Equitable Financial Corp. (the “Company”) and its wholly owned subsidiary Equitable Bank (the “Bank”) have been prepared in conformity with U.S. generally accepted accounting principles (“GAAP”) for interim financial information and in accordance with SEC rules and regulations. Accordingly, the statements do not include all the information and footnotes required by GAAP for complete financial statements. These interim financial statements should be read in conjunction with the consolidated financial statements and notes thereto that were included in the Company’s annual report for the year ended June 30, 2014 and the Company’s prospectus dated May 14, 2015. All significant intercompany transactions are eliminated in consolidation. In the opinion of the Company’s management, all adjustments necessary (i) for a fair presentation of the financial statements for the interim periods included herein and (ii) to make such financial statements not misleading have been made and are of a normal and recurring nature. Interim results are not necessarily indicative of results for a full year. In preparing the financial statements, management is required to make estimates and assumptions that affect the recorded amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses for the period. Actual results could differ from those estimates. For further information with respect to significant accounting policies followed by the Company in preparation of the financial statements, refer to the Company’s annual report for the year ended June 30, 2014 and the Company’s prospectus dated May 14, 2015. The Bank is a federally chartered stock savings bank and a member of the Federal Home Loan Bank (“FHLB”) system. The Bank maintains insurance on deposit accounts with the Deposit Insurance Fund of the Federal Deposit Insurance Corporation (“FDIC”). Equitable Financial MHC (the “MHC”), a federally chartered mutual holding company, owns 1,813,630 shares of the Company’s common stock and will continue to own at least a majority of the Company’s common stock as long as the MHC exists.

Stock Conversion

Stock Conversion	9 Months Ended
	Mar. 31, 2015
Stock Conversion
Stock Conversion	Note 2. Stock Conversion 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, the MHC will convert from the mutual holding company form of organization to the fully public form. The MHC will be merged into the Company, and the MHC will no longer exist. The Company will then merge into a new Maryland corporation named Equitable Financial Corp. As part of the conversion, the MHC’s ownership interest in the Company will be offered for sale in a public offering. The existing publicly held shares of the Company, which represent the remaining ownership interest in the Company, will be exchanged for new shares of common stock of Equitable Financial Corp., the new Maryland corporation. The exchange ratio will ensure that immediately after the conversion and public offering, the public shareholders of the Company will own the same aggregate percentage of common stock of the new Maryland corporation that they owned immediately prior to the completion of the conversion and public offering (excluding shares purchased in the stock offering, cash received in lieu of fractional shares and as adjusted to reflect assets held by the MHC). When the conversion and public offering are completed, all of the capital stock of the Bank will be owned by the new Maryland corporation. The Plan of Conversion provides for the establishment, upon the completion of the conversion, of special “liquidation accounts” for the benefit of certain depositors of the Bank in an amount equal to the MHC’s ownership interest in the equity of the Company as of the date of the latest balance sheet contained in the prospectus plus the value of the net assets of the MHC as of the date of the latest statement of financial condition of the MHC prior to the consummation of the conversion (excluding its ownership of the Company). Following the completion of the conversion, Equitable Financial Corp. and the Bank will not be permitted to pay dividends on their capital stock if Equitable Financial Corp.’s shareholders’ equity or the Bank’s shareholder’s equity would be reduced below the amount of Equitable Financial Corp.’s or the Bank’s liquidation account, as applicable. The liquidation accounts will be reduced annually to the extent that eligible account holders have reduced their qualifying deposits. Subsequent increases will not restore an eligible account holder’s interest in the liquidation accounts. Direct costs of the conversion and public offering will be deferred and reduce the proceeds from the shares sold in the public offering.

New Accounting Pronouncements

New Accounting Pronouncements	9 Months Ended
	Mar. 31, 2015
New Accounting Pronouncements
New Accounting Pronouncements	Note 3. New Accounting Pronouncements In January 2014, the Financial Accounting Standards Board (“FASB”) issued 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.

Securities

Securities	9 Months Ended
	Mar. 31, 2015
Securities
Securities	Note 4. 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: Gross Gross Amortized Unrealized Unrealized March 31, 2015 Cost Gains Losses Fair Value Residential mortgage-backed securities $ $ $ ) $ Gross Gross Amortized Unrealized Unrealized June 30, 2014 Cost Gains 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: Gross Gross Amortized Unrealized Unrealized March 31, 2015 Cost Gains Losses Fair Value Residential mortgage-backed securities $ $ $ - $ Municipal securities - $ $ $ - $ Gross Gross Amortized Unrealized Unrealized June 30, 2014 Cost Gains 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. The contractual maturities of the residential mortgage-backed securities at March 31, 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 nine months ended March 31, 2015 and 2014 and the year ended June 30, 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 nine months ended March 31, 2015 and 2014.

Loans

Loans	9 Months Ended
	Mar. 31, 2015
Loans
Loans	Note 5. Loans Loans are as follows: March 31, 2015 June 30, 2014 Commercial: Operating $ 14,302,362 $ 18,138,426 Real estate 54,255,897 45,289,372 Agricultural: Operating 23,387,279 24,883,737 Real estate 17,959,974 19,677,197 Residential real estate: 1-4 family 38,495,495 34,020,587 Home equity 10,011,986 9,669,142 Other: Construction and land 5,423,011 5,043,990 Consumer 2,955,364 2,795,609 Total loans 166,791,368 159,518,060 Deferred loan origination costs, net 547,314 565,380 Allowance for loan losses (2,414,000 ) (2,574,000 ) (1,866,686 ) (2,008,620 ) Loans, net $ 164,924,682 $ 157,509,440 Changes in the allowance for loan losses, by portfolio segment are summarized as follows: Residential Commercial Agricultural Real Estate Other Total For the nine months ended March 31, 2015 Balance, beginning $ 1,237,000 $ 646,000 $ 586,000 $ 105,000 $ 2,574,000 Provision charged to expense 224,463 (57,000 ) 42,767 (921,067 ) (710,837 ) Recoveries 20,118 - 13,233 931,930 965,281 1,481,581 589,000 642,000 115,863 2,828,444 Loans charged off (405,581 ) - - (8,863 ) (414,444 ) Balance, ending $ 1,076,000 $ 589,000 $ 642,000 $ 107,000 $ 2,414,000 Residential Commercial Agricultural Real Estate Other Total For the year ended June 30, 2014 Balance, beginning $ 1,010,000 $ 451,000 $ 718,000 $ 114,000 $ 2,293,000 Provision charged to expense (541,858 ) 195,000 (122,746 ) (211,565 ) (681,169 ) Recoveries 834,235 - 1,600 216,555 1,052,390 1,302,377 646,000 596,854 118,990 2,664,221 Loans charged off (65,377 ) - (10,854 ) (13,990 ) (90,221 ) Balance, ending $ 1,237,000 $ 646,000 $ 586,000 $ 105,000 $ 2,574,000 The allowance for loan losses, by impairment evaluation and portfolio segment is summarized as follows: Residential Commercial Agricultural Real Estate Other Total March 31, 2015 Allowance for loans individually evaluated for impairment $ 5,810 $ - $ 53,777 $ - $ 59,587 Allowance for loans collectively evaluated for impairment 1,070,190 589,000 588,223 107,000 2,354,413 $ 1,076,000 $ 589,000 $ 642,000 $ 107,000 $ 2,414,000 Loans individually evaluated for impairment $ 569,541 $ 441,125 $ 3,900,765 $ 8,656 $ 4,920,087 Loans collectively evaluated for impairment 67,988,718 40,906,128 44,606,716 8,369,719 161,871,281 $ 68,558,259 $ 41,347,253 $ 48,507,481 $ 8,378,375 $ 166,791,368 Allowance as a percentage of loans individually evaluated for impairment 1.02% 0.00% 1.38% 0.00% 1.21% Allowance as a percentage of loans collectively evaluated for impairment 1.57% 1.44% 1.32% 1.28% 1.45% Allowance as a percentage of total loans evaluated for impairment 1.57% 1.42% 1.32% 1.28% 1.45% Residential Commercial Agricultural Real Estate Other Total June 30, 2014 Allowance for loans individually evaluated for impairment $ 270,272 $ - $ 52,197 $ - $ 322,469 Allowance for loans collectively evaluated for impairment 966,728 646,000 533,803 105,000 2,251,531 $ 1,237,000 $ 646,000 $ 586,000 $ 105,000 $ 2,574,000 Loans individually evaluated for impairment $ 792,682 $ - $ 4,286,736 $ 12,500 $ 5,091,918 Loans collectively evaluated for impairment 62,635,116 44,560,934 39,402,993 7,827,099 154,426,142 $ 63,427,798 $ 44,560,934 $ 43,689,729 $ 7,839,599 $ 159,518,060 Allowance as a percentage of loans individually evaluated for impairment 34.10% 0.00% 1.22% 0.00% 6.33% Allowance as a percentage of loans collectively evaluated for impairment 1.54% 1.45% 1.35% 1.34% 1.46% Allowance as a percentage of total loans evaluated for impairment 1.95% 1.45% 1.34% 1.34% 1.61% The aging in terms of unpaid principal balance of the loan portfolio, by classes of loans is summarized as follows: > 90 days 31-60 days 61-90 days Past Due Current Past Due Past Due (Nonaccrual) Total March 31, 2015 Classes of loans: Commercial: Operating $ 14,302,362 $ - $ - $ - $ 14,302,362 Real estate 54,217,673 - - 38,224 54,255,897 Agricultural: Operating 23,387,279 - - - 23,387,279 Real estate 17,959,974 - - - 17,959,974 Residential real estate: 1-4 family 38,428,836 - - 66,659 38,495,495 Home equity 9,996,757 15,229 - - 10,011,986 Other: Construction and land 5,423,011 - - - 5,423,011 Consumer 2,902,522 52,842 - - 2,955,364 $ 166,618,414 $ 68,071 $ - $ 104,883 $ 166,791,368 As a percentage of total loan portfolio 99.90% 0.04% 0.00% 0.06% 100.00% > 90 days 31-60 days 61-90 days Past Due Current Past Due Past Due (Nonaccrual) Total June 30, 2014 Classes of loans: Commercial: Operating $ 18,027,590 $ 4,298 $ - $ 106,538 $ 18,138,426 Real estate 45,051,510 - 199,638 38,224 45,289,372 Agricultural: Operating 24,883,737 - - - 24,883,737 Real estate 19,677,197 - - - 19,677,197 Residential real estate: 1-4 family 33,537,729 64,279 348,817 69,762 34,020,587 Home equity 9,652,522 16,620 - - 9,669,142 Other: Construction and land 5,043,990 - - - 5,043,990 Consumer 2,795,309 300 - - 2,795,609 $ 158,669,584 $ 85,497 $ 548,455 $ 214,524 $ 159,518,060 As a percentage of total loan portfolio 99.48% 0.05% 0.34% 0.13% 100.00% For each class of loans, the following summarizes the unpaid principal balance by credit quality indicator as of: Commercial Commercial Agricultural Agricultural – Operating – Real Estate – Operating – Real Estate Total March 31, 2015 Internally assigned risk rating: Highest Quality (rating 1) $ 19,600 $ - $ 340,015 $ - $ 359,615 Good Quality (rating 2) 372,992 5,830,735 8,921,625 5,342,168 20,467,520 Acceptable Quality (rating 3) 7,703,807 33,577,523 7,275,067 7,799,552 56,355,949 Fair Quality (rating 4) 5,846,014 13,023,996 6,838,973 4,388,728 30,097,711 Special Mention (rating 5) - - - - - Substandard (rating 6) 359,949 1,823,643 11,599 429,526 2,624,717 Doubtful (rating 7) - - - - - Loss (rating 8) - - - - - $ 14,302,362 $ 54,255,897 $ 23,387,279 $ 17,959,974 $ 109,905,512 Commercial Commercial Agricultural Agricultural – Operating – Real Estate – Operating – Real Estate Total June 30, 2014 Internally assigned risk rating: Highest Quality (rating 1) $ 27,495 $ - $ 648,226 $ 199,200 $ 874,921 Good Quality (rating 2) 237,591 6,635,611 3,246,964 5,254,390 15,374,556 Acceptable Quality (rating 3) 9,012,508 22,943,545 6,998,671 8,915,336 47,870,060 Fair Quality (rating 4) 7,384,634 14,477,642 13,989,876 5,308,271 41,160,423 Special Mention (rating 5) - 51,909 - - 51,909 Substandard (rating 6) 1,476,198 1,180,665 - - 2,656,863 Doubtful (rating 7) - - - - - Loss (rating 8) - - - - - $ 18,138,426 $ 45,289,372 $ 24,883,737 $ 19,677,197 $ 107,988,732 Residential RE Residential RE Other – Construction Other – – 1-4 Family – Home Equity and Land Consumer Total March 31, 2015 Delinquency status*: Performing $ 37,983,825 $ 9,976,639 $ 5,423,011 $ 2,895,813 $ 56,279,288 Nonperforming 511,670 35,347 - 59,551 606,568 $ 38,495,495 $ 10,011,986 $ 5,423,011 $ 2,955,364 $ 56,885,856 Residential RE Residential RE Other – Construction Other – – 1-4 Family – Home Equity and Land Consumer Total June 30, 2014 Delinquency status*: Performing $ 33,537,729 $ 9,652,522 $ 5,043,990 $ 2,795,309 $ 51,029,550 Nonperforming 482,858 16,620 - 300 499,778 $ 34,020,587 $ 9,669,142 $ 5,043,990 $ 2,795,609 $ 51,529,328 * 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 are summarized as follows: Unpaid Average Recorded Principal Related Recorded Income Investment Balance Allowance Investment Recognized March 31, 2015 Classes of loans: Impaired loans with no specific allowance recorded: Commercial: Operating $ 290,647 $ 288,577 $ - $ 313,206 $ 13,121 Real estate 229,586 222,863 - 236,802 11,005 Agricultural: Operating 11,621 11,599 - 13,490 515 Real estate 432,837 429,526 - 388,916 15,700 Residential real estate: 1-4 family 3,756,194 3,749,543 - 3,843,756 156,154 Home equity 64,576 64,445 - 66,004 3,150 Other: Consumer 9,082 8,656 - 10,489 455 4,794,543 4,775,209 - 4,872,663 200,100 Impaired loans with specific allowance recorded: Commercial: Operating 58,182 58,101 5,810 60,738 2,287 Residential real estate: 1-4 family 71,389 66,659 33,659 69,958 349 Home equity 20,253 20,118 20,118 20,925 979 149,824 144,878 59,587 151,621 3,615 Total impaired loans: Commercial: Operating 348,829 346,678 5,810 373,944 15,408 Real estate 229,586 222,863 - 236,802 11,005 Agricultural: Operating 11,621 11,599 - 13,490 515 Real estate 432,837 429,526 - 388,916 15,700 Residential real estate: 1-4 family 3,827,583 3,816,202 33,659 3,913,714 156,503 Home equity 84,829 84,563 20,118 86,929 4,129 Other: Consumer 9,082 8,656 - 10,489 455 $ 4,944,367 $ 4,920,087 $ 59,587 $ 5,024,284 $ 203,715 Unpaid Average Interest Recorded Principal Related Recorded Income Investment Balance Allowance Investment Recognized June 30, 2014 Classes of loans: Impaired loans with no specific allowance recorded: Commercial: Operating $ 55,800 $ 54,649 $ - $ 224,952 $ 5,062 Real estate 199,149 199,638 - 99,575 13,025 Residential real estate: 1-4 family 3,196,754 3,189,520 - 3,676,200 164,138 Home equity 67,339 67,308 - 69,425 4,586 Other: Consumer 12,484 12,500 - 12,623 1,029 3,531,526 3,523,615 - 4,082,775 187,840 Impaired loans with specific allowance recorded: Commercial: Operating 541,203 538,395 270,272 431,108 23,252 Residential real estate: 1-4 family 1,011,629 1,008,328 30,617 1,062,152 59,431 Home equity 21,644 21,580 21,580 22,523 1,769 1,574,476 1,568,303 322,469 1,515,783 84,452 Total impaired loans: Commercial: Operating 597,003 593,044 270,272 656,060 28,314 Real estate 199,149 199,638 - 99,575 13,025 Residential real estate: 1-4 family 4,208,383 4,197,848 30,617 4,738,352 223,569 Home equity 88,983 88,888 21,580 91,948 6,355 Other: Consumer 12,484 12,500 - 12,623 1,029 $ 5,106,002 $ 5,091,918 $ 322,469 $ 5,598,558 $ 272,292 Impaired loans, for which no allowance has been provided as of March 31, 2015 and June 30, 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: March 31, 2015 Number Recorded of TDRs Investment Concession – Extension of maturity: Commercial: Operating 6 $ 328,741 Real estate 1 185,322 Agricultural: Real estate 1 230,997 Residential real estate: 1-4 family 36 1,552,177 Home equity 4 64,576 Other: Consumer 2 9,082 50 $ 2,370,895 Concession – Reduction of interest rate below market: Residential real estate: 1-4 family 49 $ 2,181,078 Home equity 1 20,253 50 $ 2,201,331 Total: Commercial: Operating 6 $ 328,741 Real estate 1 185,322 Agricultural: Real estate 1 230,997 Residential real estate: 1-4 family 85 3,733,255 Home equity 5 84,829 Other: Consumer 2 9,082 100 $ 4,572,226 June 30, 2014 Number Recorded of TDRs Investment Concession – Extension of maturity: Commercial: Operating 6 $ 163,537 Real estate 1 199,149 Residential real estate: 1-4 family 35 1,811,371 Home equity 4 67,339 Other: Consumer 3 12,484 49 $ 2,253,880 Concession – Reduction of interest rate below market: Commercial: Operating 1 $ 356,142 Residential real estate: 1-4 family 52 2,365,351 Home equity 1 21,644 54 $ 2,743,137 Total: Commercial: Operating 7 $ 519,679 Real estate 1 199,149 Residential real estate: 1-4 family 87 4,176,722 Home equity 5 88,983 Other: Consumer 3 12,484 103 $ 4,997,017 The following summarizes the number and investment in TDRs, by type of concession, that were restructured: Number Recorded For the nine months ended March 31, 2015 of TDRs Investment Concession – Extension of maturity: Commercial: Operating 3 $ 287,161 Agricultural: Real Estate 1 230,997 Residential real estate: 1-4 family 1 58,701 5 $ 576,859 Total: Commercial: Operating 3 $ 287,161 Agricultural: Real Estate 1 230,997 Residential real estate: 1-4 family 1 58,701 5 $ 576,859 Number Recorded For the nine months ended March 31, 2014 of TDRs Investment Concession – Extension of maturity: Commercial: Real Estate 1 $ 200,192 Other: Consumer 1 30,000 2 $ 230,192 Total: Commercial: Real Estate 1 $ 200,192 Other: Consumer 1 30,000 2 $ 230,192 Number Recorded For the year ended June 30, 2014 of TDRs Investment Concession – Extension of maturity: Commercial: Real estate 1 $ 199,149 1 $ 199,149 Total: Commercial: Real estate 1 $ 199,149 1 $ 199,149

Loan Servicing

Loan Servicing	9 Months Ended
	Mar. 31, 2015
Loan Servicing
Loan Servicing	Note 6. 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 $87,003,000 and $83,808,000 at March 31, 2015 and June 30, 2014, respectively. During the three months ended March 31, 2015 and 2014, the Company sold approximately $3,205,000 and $2,897,000, 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 $71,000 and $160,000 for the three months ended March 31, 2015 and 2014, respectively. During the nine months ended March 31, 2015 and 2014, the Company sold approximately $18,912,000 and $13,047,000, 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 $488,000 and $387,000 for the nine months ended March 31, 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 March 31, 2015 and June 30, 2014, the amount of conventional loans outstanding that were originated and sold to the FHLB in the MPF was $19,237,457 and $19,652,262, respectively, with possible credit enhancement losses capped at $1,135,566 and $1,109,788 at March 31, 2015 and June 30, 2014, respectively. The Company has no history of losses, however as of March 31, 2015 accrued losses were $17,062.

Accrued Interest Receivable

Accrued Interest Receivable	9 Months Ended
	Mar. 31, 2015
Accrued Interest Receivable
Accrued Interest Receivable	Note 7. Accrued Interest Receivable Accrued interest receivable is summarized as follows: March 31, 2015 June 30, 2014 Time deposits with other financial institutions $ $ Securities Loans $ $

Premises and Equipment, Net

Premises and Equipment, Net	9 Months Ended
	Mar. 31, 2015
Premises and Equipment
Premises and Equipment, Net	Note 8. Premises and Equipment, Net Premises and equipment, net are as follows: March 31, 2015 June 30, 2014 Land and land improvements $ $ Buildings and improvements Furniture and equipment Computer equipment Vehicles - Less accumulated depreciation ) ) $ $ Depreciation expense was $83,150 and $65,969 for the three months ended March 31, 2015 and 2014, respectively, and $235,976 and $206,015 for the nine months ended March 31, 2015 and 2014, respectively.

Deposits

Deposits	9 Months Ended
	Mar. 31, 2015
Deposits
Deposits	Note 9. Deposits Deposits are as follows: March 31, 2015 June 30, 2014 Noninterest-bearing demand $ $ Interest-bearing NOW Money market Savings Certificates of deposit $ $ Certificates of deposit of $250,000 or more were approximately $3,332,000 and $1,444,000 at March 31, 2015 and June 30, 2014, respectively. At March 31, 2015, the scheduled maturities of certificates of deposit are as follows: March 31, 2016 $ 2017 2018 2019 2020 and beyond $ Interest expense on deposit accounts is summarized as follows: Three months ended Nine months ended March 31, 2015 March 31, 2014 March 31, 2015 March 31, 2014 Interest-bearing NOW $ $ $ $ Money market Savings Certificates of deposit $ $ $ $

Federal Home Loan Bank Borrowin

Federal Home Loan Bank Borrowings	9 Months Ended
	Mar. 31, 2015
Federal Home Loan Bank Borrowings
Federal Home Loan Bank Borrowings	Note 10. Federal Home Loan Bank Borrowings FHLB borrowings are summarized as follows: Contractual Interest Weighted Ave. At June 30, 2014 Rate Range Contractual Rate Amount Variable-rate FHLB advances due: Within 1 year - $ 1 to 2 years - Total variable-rate FHLB advances - Open line advances up to $10 million, due on demand - - Less prepayment penalty fee ) Total FHLB borrowings % - % $ 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 March 31, 2015 and June 30, 2014, approximately $45.6 million and $31.7 million, respectively, of real estate loans collateralized the advances. At March 31, 2015, the Company had the ability to borrow an additional $44.2 million in FHLB advances.

Regulatory Matters

Regulatory Matters	9 Months Ended
	Mar. 31, 2015
Regulatory Matters
Regulatory Matters	Note 11. 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 March 31, 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 to Be Well Capitalized Minimum Required for Under Prompt Capital Adequacy Corrective Action Purposes Provisions (Dollars in thousands) Amount Ratio Amount Ratio Amount Ratio March 31, 2015 Total capital (to risk-weighted assets) $ 20,847 13.3% $ 12,560 8.0% $ 15,700 10.0% Common equity Tier 1 capital (to risk-weighted assets) 18,879 12.0% 7,065 4.5% 10,205 6.5% Tier 1 (core) capital (to risk-weighted assets) 18,879 12.0% 9,420 6.0% 12,560 8.0% Tier 1 (core) capital (to adjusted total assets) 18,879 9.4% 8,016 4.0% 10,020 5.0% June 30, 2014 Total capital (to risk-weighted assets) $ 18,729 11.7% $ 12,852 8.0% $ 16,065 10.0% Tier 1 (core) capital (to risk-weighted assets) 16,736 10.4% 6,426 4.0% 9,639 6.0% Tier 1 (core) capital (to adjusted total assets) 16,736 9.3% 7,196 4.0% 8,994 5.0% 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.

Employee Benefit Plans

Employee Benefit Plans	9 Months Ended
	Mar. 31, 2015
Employee Benefit Plans
Employee Benefit Plans	Note 12. 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 $21,000 and $20,000 for the three months ended March 31, 2015 and 2014, respectively, and $63,000 and $57,000 for the nine months ended March 31, 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, 9,084 and 9,083 shares, respectively, were allocated to the ESOP. The fair value of the shares allocated approximated $5.62 per share at December 31, 2014. The Company has recorded compensation expense of $39,761 for shares that were released and committed to be released for the year ended June 30, 2014. For presentation purposes, 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 were as follows: March 31, 2015 June 30, 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	9 Months Ended
	Mar. 31, 2015
Earnings per Share
Earnings per Share	Note 13. 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 three months and nine months ended March 31, 2015 and 2014: (Restated) (Restated) For the three months ended For the nine months ended March 31, March 31, 2015 2014 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 three months and nine months ended March 31, 2015 and 2014: (Restated) (Restated) For the three months ended For the nine months ended March 31, March 31, 2015 2014 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	9 Months Ended
	Mar. 31, 2015
Loan Commitments and Other Related Activities
Loan Commitments and Other Related Activities	Note 14. 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 are as follows: March 31, 2015 June 30, 2014 Financial instruments wherein contractual amounts represent credit risk: Commitments to extend credit $ $ Standby letters of credit Unused lines of credit At March 31, 2015, fixed-rate commitments were approximately $13,860,000. 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. In April 2006, the Company entered into an operating lease for a branch facility, with expiration in June 2012. The lease had a renewal option to extend the lease for five years (through June 2017) which was exercised during the prior period by the Company. Future commitments under the operating lease approximate the following: Year Ending June 30, 2015 $ 2016 2017 Rental expense, included in occupancy and equipment expense in the consolidated statements of income, totaled approximately $16,000 and $31,000 for the three months ended March 31, 2015 and 2014, respectively, and approximately $79,000 and $94,000 for the nine months ended March 31, 2015 and 2014, respectively.

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Mar. 31, 2015
Fair Value Measurements
Fair Value Measurements	Note 15. 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 nine months ended March 31, 2015 and the year ended June 30, 2014, nor were there any changes in valuation techniques used for assets or liabilities measured at fair value at March 31, 2015 and June 30, 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 March 31, 2015 and June 30, 2014, segregated by the level of the valuation inputs within the fair value hierarchy utilized to measure fair value: Fair Value Measurement at March 31, 2015 Using Quoted Prices in Significant Active Markets for Significant Other Unobservable Identical Assets Observable Inputs Inputs Total Level 1 Level 2 Level 3 Assets Securities available-for-sale $ $ - $ $ - Total assets $ $ - $ $ - Fair Value Measurement at June 30, 2014 Using Quoted Prices in Significant Active Markets for Significant Other Unobservable Identical Assets Observable Inputs Inputs Total Level 1 Level 2 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 March 31, 2015 and June 30, 2014, segregated by the level of the valuation inputs within the fair value hierarchy utilized to measure fair value: Fair Value Measurement at March 31, 2015 Using Quoted Prices in Significant Active Markets for Significant Other Unobservable Identical Assets Observable Inputs Inputs Total Level 1 Level 2 Level 3 Assets Impaired loans $ $ - $ - $ Foreclosed assets - - Total assets $ $ - $ - $ Fair Value Measurement at June 30, 2014 Using Quoted Prices in Significant Active Markets for Significant Other Unobservable Identical Assets Observable Inputs Inputs Total Level 1 Level 2 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 funds purchased and securities sold under agreements to repurchase – For federal funds purchased and securities sold under agreements to repurchase, the carrying value approximates fair value. 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. There were not considered material and are not presented in the below tables. The estimated fair value of financial instruments is as follows: Fair Value Carrying Estimated March 31, 2015 Hierarchy Level Amount 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 ) ) Fair Value Carrying Estimated June 30, 2014 Hierarchy Level Amount 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)	9 Months Ended
	Mar. 31, 2015
Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income (Loss)	Note 16. Accumulated Other Comprehensive Income (Loss) Accumulated other comprehensive income (loss) components were as follows: March 31, 2015 June 30, 2014 Unrealized holding gains (losses) on securities available-for-sale $ ) $ ) Tax benefit $ ) $ )

Transactions with Related Parti

Transactions with Related Parties	9 Months Ended
	Mar. 31, 2015
Transactions with Related Parties
Transactions with Related Parties	Note 17. 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: Nine Months Ended Year ended March 31, 2015 June 30, 2014 Beginning balance $ $ New loans or transfers in Repayments or transfers out ) ) Ending balance $ $ Deposits from principal officers, directors, and their affiliates at March 31, 2015 and June 30, 2014 approximated $342,000 and $314,000, respectively.

Restatements to Previously-Issu

Restatements to Previously-Issued Consolidated Financial Statements	9 Months Ended
	Mar. 31, 2015
Restatement to Previously-Issued Consolidated Financial Statements
Restatements to Previously-Issued Consolidated Financial Statements	Note 18. Restatements to Previously-Issued Consolidated Financial Statements The Company’s consolidated financial statements and related notes herein, 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 restatements, the Company’s previously-reported net deferred tax assets and retained earnings at March 31, 2015 and June 30, 2014 were reduced by $330,000 and $362,000, respectively. The Company’s previously-reported deferred income tax expense for the nine months ended March 31, 2015 was decreased by $32,000. 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 restatements.

Securities (Tables)

Securities (Tables)	9 Months Ended
	Mar. 31, 2015
Securities
Schedule of securities available-for-sale	Gross Gross Amortized Unrealized Unrealized March 31, 2015 Cost Gains Losses Fair Value Residential mortgage-backed securities $ $ $ ) $ Gross Gross Amortized Unrealized Unrealized June 30, 2014 Cost Gains Losses Fair Value Residential mortgage-backed securities $ $ - $ ) $
Schedule of securities held-to-maturity	Gross Gross Amortized Unrealized Unrealized March 31, 2015 Cost Gains Losses Fair Value Residential mortgage-backed securities $ $ $ - $ Municipal securities - $ $ $ - $ Gross Gross Amortized Unrealized Unrealized June 30, 2014 Cost Gains Losses Fair Value Residential mortgage-backed securities $ $ $ - $ Municipal securities ) $ $ $ ) $

Loans (Tables)

Loans (Tables)	9 Months Ended
	Mar. 31, 2015
Loans
Summary of loans	March 31, 2015 June 30, 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	Residential Commercial Agricultural Real Estate Other Total For the nine months ended March 31, 2015 Balance, beginning $ $ $ $ $ Provision charged to expense ) ) ) Recoveries - Loans charged off ) - - ) ) Balance, ending $ $ $ $ $ Residential Commercial Agricultural Real Estate Other Total For the year ended June 30, 2014 Balance, beginning $ $ $ $ $ Provision charged to expense ) ) ) ) Recoveries - Loans charged off ) - ) ) ) Balance, ending $ $ $ $ $
Summary of allowance for loan losses by impairment evaluation and portfolio segment	Residential Commercial Agricultural Real Estate Other Total March 31, 2015 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 1.02% 0.00% 1.38% 0.00% 1.21% Allowance as a percentage of loans collectively evaluated for impairment 1.57% 1.44% 1.32% 1.28% 1.45% Allowance as a percentage of total loans evaluated for impairment 1.57% 1.42% 1.32% 1.28% 1.45% Residential Commercial Agricultural Real Estate Other Total June 30, 2014 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 34.10% 0.00% 1.22% 0.00% 6.33% Allowance as a percentage of loans collectively evaluated for impairment 1.54% 1.45% 1.35% 1.34% 1.46% Allowance as a percentage of total loans evaluated for impairment 1.95% 1.45% 1.34% 1.34% 1.61%
Summary of aging in terms of unpaid balance of the loan portfolio by classes of loans	> 90 days 31-60 days 61-90 days Past Due Current Past Due Past Due (Nonaccrual) Total March 31, 2015 Classes of loans: Commercial: Operating $ 14,302,362 $ - $ - $ - $ 14,302,362 Real estate 54,217,673 - - 38,224 54,255,897 Agricultural: Operating 23,387,279 - - - 23,387,279 Real estate 17,959,974 - - - 17,959,974 Residential real estate: 1-4 family 38,428,836 - - 66,659 38,495,495 Home equity 9,996,757 15,229 - - 10,011,986 Other: Construction and land 5,423,011 - - - 5,423,011 Consumer 2,902,522 52,842 - - 2,955,364 $ 166,618,414 $ 68,071 $ - $ 104,883 $ 166,791,368 As a percentage of total loan portfolio 99.90% 0.04% 0.00% 0.06% 100.00% > 90 days 31-60 days 61-90 days Past Due Current Past Due Past Due (Nonaccrual) Total June 30, 2014 Classes of loans: Commercial: Operating $ 18,027,590 $ 4,298 $ - $ 106,538 $ 18,138,426 Real estate 45,051,510 - 199,638 38,224 45,289,372 Agricultural: Operating 24,883,737 - - - 24,883,737 Real estate 19,677,197 - - - 19,677,197 Residential real estate: 1-4 family 33,537,729 64,279 348,817 69,762 34,020,587 Home equity 9,652,522 16,620 - - 9,669,142 Other: Construction and land 5,043,990 - - - 5,043,990 Consumer 2,795,309 300 - - 2,795,609 $ 158,669,584 $ 85,497 $ 548,455 $ 214,524 $ 159,518,060 As a percentage of total loan portfolio 99.48% 0.05% 0.34% 0.13% 100.00%
Summary of unpaid principal balance by credit quality indicator	Commercial Commercial Agricultural Agricultural – Operating – Real Estate – Operating – Real Estate Total March 31, 2015 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) - - - - - $ $ $ $ $ Commercial Commercial Agricultural Agricultural – Operating – Real Estate – Operating – Real Estate Total June 30, 2014 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) - - - - - $ $ $ $ $ Residential RE Residential RE Other – Construction Other – – 1-4 Family – Home Equity and Land Consumer Total March 31, 2015 Delinquency status*: Performing $ $ $ $ $ Nonperforming - $ $ $ $ $ Residential RE Residential RE Other – Construction Other – – 1-4 Family – Home Equity and Land Consumer Total June 30, 2014 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	Unpaid Average Recorded Principal Related Recorded Income Investment Balance Allowance Investment Recognized March 31, 2015 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: 1-4 family Home equity Total impaired loans: Commercial: Operating Real estate - Agricultural: Operating - Real estate - Residential real estate: 1-4 family Home equity Other: Consumer - $ $ $ $ $ Unpaid Average Interest Recorded Principal Related Recorded Income Investment Balance Allowance Investment Recognized June 30, 2014 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")	March 31, 2015 Number Recorded of TDRs Investment Concession – Extension of maturity: Commercial: Operating 6 $ Real estate 1 Agricultural: Real estate 1 Residential real estate: 1-4 family 36 Home equity 4 Other: Consumer 2 50 $ Concession – Reduction of interest rate below market: Residential real estate: 1-4 family 49 $ Home equity 1 50 $ Total: Commercial: Operating 6 $ Real estate 1 Agricultural: Real estate 1 Residential real estate: 1-4 family 85 Home equity 5 Other: Consumer 2 100 $ June 30, 2014 Number Recorded of TDRs Investment Concession – Extension of maturity: Commercial: Operating 6 $ Real estate 1 Residential real estate: 1-4 family 35 Home equity 4 Other: Consumer 3 49 $ Concession – Reduction of interest rate below market: Commercial: Operating 1 $ Residential real estate: 1-4 family 52 Home equity 1 54 $ Total: Commercial: Operating 7 $ Real estate 1 Residential real estate: 1-4 family 87 Home equity 5 Other: Consumer 3 103 $
Summary of the number and investment in TDRs by type of concession	Number Recorded For the nine months ended March 31, 2015 of TDRs Investment Concession – Extension of maturity: Commercial: Operating 3 $ Agricultural: Real Estate 1 Residential real estate: 1-4 family 1 5 $ Total: Commercial: Operating 3 $ Agricultural: Real Estate 1 Residential real estate: 1-4 family 1 5 $ Number Recorded For the nine months ended March 31, 2014 of TDRs Investment Concession – Extension of maturity: Commercial: Real Estate 1 $ Other: Consumer 1 2 $ Total: Commercial: Real Estate 1 $ Other: Consumer 1 2 $ Number Recorded For the year ended June 30, 2014 of TDRs Investment Concession – Extension of maturity: Commercial: Real estate 1 $ 1 $ Total: Commercial: Real estate 1 $ 1 $

Accrued Interest Receivable (Ta

Accrued Interest Receivable (Tables)	9 Months Ended
	Mar. 31, 2015
Accrued Interest Receivable
Schedule of components of accrued interest receivable	March 31, 2015 June 30, 2014 Time deposits with other financial institutions $ $ Securities Loans $ $

Premises and Equipment, Net (Ta

Premises and Equipment, Net (Tables)	9 Months Ended
	Mar. 31, 2015
Premises and Equipment
Schedule of premises and equipment, net	March 31, 2015 June 30, 2014 Land and land improvements $ $ Buildings and improvements Furniture and equipment Computer equipment Vehicles - Less accumulated depreciation ) ) $ $

Deposits (Tables)

Deposits (Tables)	9 Months Ended
	Mar. 31, 2015
Deposits
Schedule of deposits	March 31, 2015 June 30, 2014 Noninterest-bearing demand $ $ Interest-bearing NOW Money market Savings Certificates of deposit $ $
Schedule of maturities of certificates of deposit	March 31, 2016 $ 2017 2018 2019 2020 and beyond $
Summary of interest expense on deposit accounts	Three months ended Nine months ended March 31, 2015 March 31, 2014 March 31, 2015 March 31, 2014 Interest-bearing NOW $ $ $ $ Money market Savings Certificates of deposit $ $ $ $

Federal Home Loan Bank Borrow33

Federal Home Loan Bank Borrowings (Tables)	9 Months Ended
	Mar. 31, 2015
Federal Home Loan Bank Borrowings
Schedule of Federal Home Loan Bank Borrowings	Contractual Interest Weighted Ave. At June 30, 2014 Rate Range Contractual Rate Amount Variable-rate FHLB advances due: Within 1 year - $ 1 to 2 years - Total variable-rate FHLB advances - Open line advances up to $10 million, due on demand - - Less prepayment penalty fee ) Total FHLB borrowings % - % $

Regulatory Matters (Tables)

Regulatory Matters (Tables)	9 Months Ended
	Mar. 31, 2015
Regulatory Matters
Summary of bank's actual capital levels and minimum required levels	Minimum Required to Be Well Capitalized Minimum Required for Under Prompt Capital Adequacy Corrective Action Purposes Provisions (Dollars in thousands) Amount Ratio Amount Ratio Amount Ratio March 31, 2015 Total capital (to risk-weighted assets) $ 20,847 13.3% $ 12,560 8.0% $ 15,700 10.0% Common equity Tier 1 capital (to risk-weighted assets) 18,879 12.0% 7,065 4.5% 10,205 6.5% Tier 1 (core) capital (to risk-weighted assets) 18,879 12.0% 9,420 6.0% 12,560 8.0% Tier 1 (core) capital (to adjusted total assets) 18,879 9.4% 8,016 4.0% 10,020 5.0% June 30, 2014 Total capital (to risk-weighted assets) $ 18,729 11.7% $ 12,852 8.0% $ 16,065 10.0% Tier 1 (core) capital (to risk-weighted assets) 16,736 10.4% 6,426 4.0% 9,639 6.0% Tier 1 (core) capital (to adjusted total assets) 16,736 9.3% 7,196 4.0% 8,994 5.0%

Employee Benefit Plans (Tables)

Employee Benefit Plans (Tables)	9 Months Ended
	Mar. 31, 2015
Employee Benefit Plans
Summary of ESOP shares	March 31, 2015 June 30, 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)	9 Months Ended
	Mar. 31, 2015
Earnings per Share
Schedule of reconciliation of the components used to compute basic earnings per share	(Restated) (Restated) For the three months ended For the nine months ended March 31, March 31, 2015 2014 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	(Restated) (Restated) For the three months ended For the nine months ended March 31, March 31, 2015 2014 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 Re37

Loan Commitments and Other Related Activities	9 Months Ended
	Mar. 31, 2015
Loan Commitments and Other Related Activities
Schedule of contractual or notional amounts of loan commitments and other related activities	March 31, 2015 June 30, 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, 2015 $ 2016 2017

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Mar. 31, 2015
Fair Value Measurements
Summary of fair value of assets and liabilities measured on a recurring basis	Fair Value Measurement at March 31, 2015 Using Quoted Prices in Significant Active Markets for Significant Other Unobservable Identical Assets Observable Inputs Inputs Total Level 1 Level 2 Level 3 Assets Securities available-for-sale $ $ - $ $ - Total assets $ $ - $ $ - Fair Value Measurement at June 30, 2014 Using Quoted Prices in Significant Active Markets for Significant Other Unobservable Identical Assets Observable Inputs Inputs Total Level 1 Level 2 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 March 31, 2015 Using Quoted Prices in Significant Active Markets for Significant Other Unobservable Identical Assets Observable Inputs Inputs Total Level 1 Level 2 Level 3 Assets Impaired loans $ $ - $ - $ Foreclosed assets - - Total assets $ $ - $ - $ Fair Value Measurement at June 30, 2014 Using Quoted Prices in Significant Active Markets for Significant Other Unobservable Identical Assets Observable Inputs Inputs Total Level 1 Level 2 Level 3 Assets Impaired loans $ $ - $ - $ Foreclosed assets - - Total assets $ $ - $ - $
Schedule of carrying and estimated fair value of financial instruments	Fair Value Carrying Estimated March 31, 2015 Hierarchy Level Amount 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 ) ) Fair Value Carrying Estimated June 30, 2014 Hierarchy Level Amount 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 Comprehensi39

Accumulated Other Comprehensive Income (Loss) (Tables)	9 Months Ended
	Mar. 31, 2015
Accumulated Other Comprehensive Income (Loss)
Schedule of components of accumulated other comprehensive income (loss)	March 31, 2015 June 30, 2014 Unrealized holding gains (losses) on securities available-for-sale $ ) $ ) Tax benefit $ ) $ )

Transactions with Related Par40

Transactions with Related Parties (Tables)	9 Months Ended
	Mar. 31, 2015
Transactions with Related Parties
Schedule of transactions with related parties	Nine Months Ended Year ended March 31, 2015 June 30, 2014 Beginning balance $ $ New loans or transfers in Repayments or transfers out ) ) Ending balance $ $

Basis of Presentation (Details)

Basis of Presentation (Details)	Mar. 31, 2015shares
Equitable Financial MHC
Common Stock, shares outstanding	1,813,630

Securities (Details)

Securities (Details) - USD ($)	Mar. 31, 2015	Jun. 30, 2014
Amortized cost and estimated fair value of investments in debt and equity securities
Securities available-for-sale	$ 547,123	$ 882,308
Investment securities held-to-maturity, amortized cost	3,386,205	3,642,304
Investment securities held-to-maturity , gross unrealized gains	24,745	26,272
Investment securities held-to-maturity , gross unrealized losses		(797)
Investment securities held-to-maturity, estimated fair value	3,410,950	3,667,779
Residential mortgage-backed securities
Amortized cost and estimated fair value of investments in debt and equity securities
Investment securities available-for-sale, amortized cost	548,209	887,394
Investment securities available-for-sale , gross unrealized gain	163
Investment securities available-for-sale , gross unrealized losses	(1,249)	(5,086)
Securities available-for-sale	547,123	882,308
Investment securities held-to-maturity, amortized cost	327,284	500,811
Investment securities held-to-maturity , gross unrealized gains	19,796	25,265
Investment securities held-to-maturity, estimated fair value	347,080	526,076
Municipal bonds
Amortized cost and estimated fair value of investments in debt and equity securities
Investment securities held-to-maturity, amortized cost	3,058,921	3,141,493
Investment securities held-to-maturity , gross unrealized gains	4,949	1,007
Investment securities held-to-maturity , gross unrealized losses		(797)
Investment securities held-to-maturity, estimated fair value	3,063,870	$ 3,141,703
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 ($)	9 Months Ended	12 Months Ended
	Mar. 31, 2015	Jun. 30, 2014	Jun. 30, 2013
Loans disclosures
Total loans	$ 166,791,368	$ 159,518,060
Deferred loan origination costs, net	547,314	565,380
Allowance for loan losses	(2,414,000)	(2,574,000)	$ (2,293,000)
Deferred loan origination costs and allowance	(1,866,686)	(2,008,620)
Loans, net	164,924,682	157,509,440
Commercial
Loans disclosures
Total loans	68,558,259	63,427,798
Allowance for loan losses	(1,076,000)	(1,237,000)	(1,010,000)
Commercial | Operating
Loans disclosures
Total loans	14,302,362	18,138,426
Commercial | Real estate
Loans disclosures
Total loans	54,255,897	45,289,372
Agricultural
Loans disclosures
Total loans	41,347,253	44,560,934
Allowance for loan losses	(589,000)	(646,000)	(451,000)
Agricultural | Operating
Loans disclosures
Total loans	23,387,279	24,883,737
Agricultural | Real estate
Loans disclosures
Total loans	17,959,974	19,677,197
Residential
Loans disclosures
Total loans	48,507,481	43,689,729
Allowance for loan losses	(642,000)	(586,000)	(718,000)
Residential | 1 - 4 family
Loans disclosures
Total loans	38,495,495	34,020,587
Residential | Consumer - Home equity and lines of credit
Loans disclosures
Total loans	10,011,986	9,669,142
Other
Loans disclosures
Total loans	8,378,375	7,839,599
Allowance for loan losses	(107,000)	(105,000)	$ (114,000)
Other | Construction and land
Loans disclosures
Total loans	5,423,011	5,043,990
Other | Consumer - Personal
Loans disclosures
Total loans	$ 2,955,364	$ 2,795,609

Loans (Details 2)

Loans (Details 2) - USD ($)	9 Months Ended		12 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Jun. 30, 2014
Allowance for loan losses:
Balance, beginning	$ 2,574,000	$ 2,293,000	$ 2,293,000
Provision charged to expense	(710,837)	(768,986)	(681,169)
Recoveries	965,281		1,052,390
Allowance - subtotal before reduced by chargeoffs	2,828,444		2,664,221
Loans charged off	(414,444)		(90,221)
Balance, ending	2,414,000		2,574,000
Commercial
Allowance for loan losses:
Balance, beginning	1,237,000	1,010,000	1,010,000
Provision charged to expense	224,463		(541,858)
Recoveries	20,118		834,235
Allowance - subtotal before reduced by chargeoffs	1,481,581		1,302,377
Loans charged off	(405,581)		(65,377)
Balance, ending	1,076,000		1,237,000
Agricultural
Allowance for loan losses:
Balance, beginning	646,000	451,000	451,000
Provision charged to expense	(57,000)		195,000
Allowance - subtotal before reduced by chargeoffs	589,000		646,000
Balance, ending	589,000		646,000
Residential
Allowance for loan losses:
Balance, beginning	586,000	718,000	718,000
Provision charged to expense	42,767		(122,746)
Recoveries	13,233		1,600
Allowance - subtotal before reduced by chargeoffs	642,000		596,854
Loans charged off			(10,854)
Balance, ending	642,000		586,000
Other
Allowance for loan losses:
Balance, beginning	105,000	$ 114,000	114,000
Provision charged to expense	(921,067)		(211,565)
Recoveries	931,930		216,555
Allowance - subtotal before reduced by chargeoffs	115,863		118,990
Loans charged off	(8,863)		(13,990)
Balance, ending	$ 107,000		$ 105,000

Loans (Details 3)

Loans (Details 3) - USD ($)	9 Months Ended	12 Months Ended
	Mar. 31, 2015	Jun. 30, 2014	Jun. 30, 2013
Allowance for loan losses:
Allowance for loans individually evaluated for impairment	$ 59,587	$ 322,469
Allowance for loans collectively evaluated for impairment	2,354,413	2,251,531
Total Allowance	2,414,000	2,574,000	$ 2,293,000
Loan balances
Loans individually evaluated for impairment	4,920,087	5,091,918
Loans collectively evaluated for impairment	161,871,281	154,426,142
Total loans	$ 166,791,368	$ 159,518,060
Allowance as percentage of loans:
Allowance as a percentage of loans individually evaluated for impairment	1.21%	6.33%
Allowance as a percentage of loans collectively evaluated for impairment	1.45%	1.46%
Allowance as a percentage of total loans evaluated for impairment	1.45%	1.61%
Commercial
Allowance for loan losses:
Allowance for loans individually evaluated for impairment	$ 5,810	$ 270,272
Allowance for loans collectively evaluated for impairment	1,070,190	966,728
Total Allowance	1,076,000	1,237,000	1,010,000
Loan balances
Loans individually evaluated for impairment	569,541	792,682
Loans collectively evaluated for impairment	67,988,718	62,635,116
Total loans	$ 68,558,259	$ 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	$ 589,000	$ 646,000
Total Allowance	589,000	646,000	451,000
Loan balances
Loans individually evaluated for impairment	441,125
Loans collectively evaluated for impairment	40,906,128	44,560,934
Total loans	$ 41,347,253	$ 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	1.44%	1.45%
Allowance as a percentage of total loans evaluated for impairment	1.42%	1.45%
Residential
Allowance for loan losses:
Allowance for loans individually evaluated for impairment	$ 53,777	$ 52,197
Allowance for loans collectively evaluated for impairment	588,223	533,803
Total Allowance	642,000	586,000	718,000
Loan balances
Loans individually evaluated for impairment	3,900,765	4,286,736
Loans collectively evaluated for impairment	44,606,716	39,402,993
Total loans	$ 48,507,481	$ 43,689,729
Allowance as percentage of loans:
Allowance as a percentage of loans individually evaluated for impairment	1.38%	1.22%
Allowance as a percentage of loans collectively evaluated for impairment	1.32%	1.35%
Allowance as a percentage of total loans evaluated for impairment	1.32%	1.34%
Other
Allowance for loan losses:
Allowance for loans collectively evaluated for impairment	$ 107,000	$ 105,000
Total Allowance	107,000	105,000	$ 114,000
Loan balances
Loans individually evaluated for impairment	8,656	12,500
Loans collectively evaluated for impairment	8,369,719	7,827,099
Total loans	$ 8,378,375	$ 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	1.28%	1.34%
Allowance as a percentage of total loans evaluated for impairment	1.28%	1.34%

Loans (Details 4)

Loans (Details 4) - USD ($)	Mar. 31, 2015	Jun. 30, 2014
Summary of aging in terms of unpaid principal balance
Current	$ 166,618,414	$ 158,669,584
31-60 Days Past Due	68,071	85,497
61-90 Days Past Due		548,455
Greater Than 90 Days Past Due	104,883	214,524
Total loans	$ 166,791,368	$ 159,518,060
Current, Percentage	99.90%	99.48%
31-60 Days Past Due, Percentage	0.04%	0.05%
61-90 Days Past Due, Percentage	0.00%	0.34%
Greater Than 90 Days Past Due, Percentage	0.06%	0.13%
Total Loans, Percentage	100.00%	100.00%
Commercial
Summary of aging in terms of unpaid principal balance
Total loans	$ 68,558,259	$ 63,427,798
Commercial | Operating
Summary of aging in terms of unpaid principal balance
Current	14,302,362	18,027,590
31-60 Days Past Due		4,298
Greater Than 90 Days Past Due		106,538
Total loans	14,302,362	18,138,426
Commercial | Real estate
Summary of aging in terms of unpaid principal balance
Current	54,217,673	45,051,510
61-90 Days Past Due		199,638
Greater Than 90 Days Past Due	38,224	38,224
Total loans	54,255,897	45,289,372
Agricultural
Summary of aging in terms of unpaid principal balance
Total loans	41,347,253	44,560,934
Agricultural | Operating
Summary of aging in terms of unpaid principal balance
Current	23,387,279	24,883,737
Total loans	23,387,279	24,883,737
Agricultural | Real estate
Summary of aging in terms of unpaid principal balance
Current	17,959,974	19,677,197
Total loans	17,959,974	19,677,197
Residential
Summary of aging in terms of unpaid principal balance
Total loans	48,507,481	43,689,729
Residential | 1 - 4 family
Summary of aging in terms of unpaid principal balance
Current	38,428,836	33,537,729
31-60 Days Past Due		64,279
61-90 Days Past Due		348,817
Greater Than 90 Days Past Due	66,659	69,762
Total loans	38,495,495	34,020,587
Residential | Consumer - Home equity and lines of credit
Summary of aging in terms of unpaid principal balance
Current	9,996,757	9,652,522
31-60 Days Past Due	15,229	16,620
Total loans	10,011,986	9,669,142
Other
Summary of aging in terms of unpaid principal balance
Total loans	8,378,375	7,839,599
Other | Construction and land
Summary of aging in terms of unpaid principal balance
Current	5,423,011	5,043,990
Total loans	5,423,011	5,043,990
Other | Consumer - Personal
Summary of aging in terms of unpaid principal balance
Current	2,902,522	2,795,309
31-60 Days Past Due	52,842	300
Total loans	$ 2,955,364	$ 2,795,609

Loans (Details 5)

Loans (Details 5) - USD ($)	9 Months Ended
	Mar. 31, 2015	Jun. 30, 2014
Unpaid principal balance by credit quality indicator
Unpaid principal balance	$ 166,791,368	$ 159,518,060
Performing Financing Receivable Maximum Days Past Due	31 days
Nonperforming Financing Receivable Minimum Days Past Due	31 days
Commercial and Agricultural Combined
Unpaid principal balance by credit quality indicator
Unpaid principal balance	$ 109,905,512	107,988,732
Financing Receivable Risk Rating Minimum Review Period	12 months
Commercial
Unpaid principal balance by credit quality indicator
Unpaid principal balance	$ 68,558,259	63,427,798
Commercial | Operating
Unpaid principal balance by credit quality indicator
Unpaid principal balance	14,302,362	18,138,426
Commercial | Real estate
Unpaid principal balance by credit quality indicator
Unpaid principal balance	54,255,897	45,289,372
Agricultural
Unpaid principal balance by credit quality indicator
Unpaid principal balance	41,347,253	44,560,934
Agricultural | Operating
Unpaid principal balance by credit quality indicator
Unpaid principal balance	23,387,279	24,883,737
Agricultural | Real estate
Unpaid principal balance by credit quality indicator
Unpaid principal balance	17,959,974	19,677,197
Residential Real Estate and Other Combined
Unpaid principal balance by credit quality indicator
Unpaid principal balance	56,885,856	51,529,328
Residential
Unpaid principal balance by credit quality indicator
Unpaid principal balance	48,507,481	43,689,729
Residential | 1 - 4 family
Unpaid principal balance by credit quality indicator
Unpaid principal balance	38,495,495	34,020,587
Residential | Consumer - Home equity and lines of credit
Unpaid principal balance by credit quality indicator
Unpaid principal balance	10,011,986	9,669,142
Other
Unpaid principal balance by credit quality indicator
Unpaid principal balance	8,378,375	7,839,599
Other | Construction and land
Unpaid principal balance by credit quality indicator
Unpaid principal balance	5,423,011	5,043,990
Other | Consumer - Personal
Unpaid principal balance by credit quality indicator
Unpaid principal balance	2,955,364	2,795,609
Highest Quality (rating 1) | Commercial and Agricultural Combined
Unpaid principal balance by credit quality indicator
Unpaid principal balance	359,615	874,921
Highest Quality (rating 1) | Commercial | Operating
Unpaid principal balance by credit quality indicator
Unpaid principal balance	19,600	27,495
Highest Quality (rating 1) | Agricultural | Operating
Unpaid principal balance by credit quality indicator
Unpaid principal balance	340,015	648,226
Highest Quality (rating 1) | Agricultural | Real estate
Unpaid principal balance by credit quality indicator
Unpaid principal balance		199,200
Good Quality (rating 2) | Commercial and Agricultural Combined
Unpaid principal balance by credit quality indicator
Unpaid principal balance	20,467,520	15,374,556
Good Quality (rating 2) | Commercial | Operating
Unpaid principal balance by credit quality indicator
Unpaid principal balance	372,992	237,591
Good Quality (rating 2) | Commercial | Real estate
Unpaid principal balance by credit quality indicator
Unpaid principal balance	5,830,735	6,635,611
Good Quality (rating 2) | Agricultural | Operating
Unpaid principal balance by credit quality indicator
Unpaid principal balance	8,921,625	3,246,964
Good Quality (rating 2) | Agricultural | Real estate
Unpaid principal balance by credit quality indicator
Unpaid principal balance	5,342,168	5,254,390
Acceptable Quality (rating 3) | Commercial and Agricultural Combined
Unpaid principal balance by credit quality indicator
Unpaid principal balance	56,355,949	47,870,060
Acceptable Quality (rating 3) | Commercial | Operating
Unpaid principal balance by credit quality indicator
Unpaid principal balance	7,703,807	9,012,508
Acceptable Quality (rating 3) | Commercial | Real estate
Unpaid principal balance by credit quality indicator
Unpaid principal balance	33,577,523	22,943,545
Acceptable Quality (rating 3) | Agricultural | Operating
Unpaid principal balance by credit quality indicator
Unpaid principal balance	7,275,067	6,998,671
Acceptable Quality (rating 3) | Agricultural | Real estate
Unpaid principal balance by credit quality indicator
Unpaid principal balance	7,799,552	8,915,336
Fair Quality (rating 4) | Commercial and Agricultural Combined
Unpaid principal balance by credit quality indicator
Unpaid principal balance	30,097,711	41,160,423
Fair Quality (rating 4) | Commercial | Operating
Unpaid principal balance by credit quality indicator
Unpaid principal balance	5,846,014	7,384,634
Fair Quality (rating 4) | Commercial | Real estate
Unpaid principal balance by credit quality indicator
Unpaid principal balance	13,023,996	14,477,642
Fair Quality (rating 4) | Agricultural | Operating
Unpaid principal balance by credit quality indicator
Unpaid principal balance	6,838,973	13,989,876
Fair Quality (rating 4) | Agricultural | Real estate
Unpaid principal balance by credit quality indicator
Unpaid principal balance	4,388,728	5,308,271
Special Mention | Commercial and Agricultural Combined
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 Combined
Unpaid principal balance by credit quality indicator
Unpaid principal balance	2,624,717	2,656,863
Substandard | Commercial | Operating
Unpaid principal balance by credit quality indicator
Unpaid principal balance	359,949	1,476,198
Substandard | Commercial | Real estate
Unpaid principal balance by credit quality indicator
Unpaid principal balance	1,823,643	1,180,665
Substandard | Agricultural | Operating
Unpaid principal balance by credit quality indicator
Unpaid principal balance	11,599
Substandard | Agricultural | Real estate
Unpaid principal balance by credit quality indicator
Unpaid principal balance	429,526
Performing | Residential Real Estate and Other Combined
Unpaid principal balance by credit quality indicator
Unpaid principal balance	56,279,288	51,029,550
Performing | Residential | 1 - 4 family
Unpaid principal balance by credit quality indicator
Unpaid principal balance	37,983,825	33,537,729
Performing | Residential | Consumer - Home equity and lines of credit
Unpaid principal balance by credit quality indicator
Unpaid principal balance	9,976,639	9,652,522
Performing | Other | Construction and land
Unpaid principal balance by credit quality indicator
Unpaid principal balance	5,423,011	5,043,990
Performing | Other | Consumer - Personal
Unpaid principal balance by credit quality indicator
Unpaid principal balance	2,895,813	2,795,309
Nonperforming | Residential Real Estate and Other Combined
Unpaid principal balance by credit quality indicator
Unpaid principal balance	606,568	499,778
Nonperforming | Residential | 1 - 4 family
Unpaid principal balance by credit quality indicator
Unpaid principal balance	511,670	482,858
Nonperforming | Residential | Consumer - Home equity and lines of credit
Unpaid principal balance by credit quality indicator
Unpaid principal balance	35,347	16,620
Nonperforming | Other | Consumer - Personal
Unpaid principal balance by credit quality indicator
Unpaid principal balance	$ 59,551	$ 300

Loans (Details 6)

Loans (Details 6) - USD ($)	9 Months Ended	12 Months Ended
	Mar. 31, 2015	Jun. 30, 2014
Impaired loans with no specific allowance recorded:
Recorded Investment	$ 4,794,543	$ 3,531,526
Unpaid Principal Balance	4,775,209	3,523,615
Average Recorded Investment	4,872,663	4,082,775
Interest Income Recognized	200,100	187,840
Impaired loans with specific allowance recorded:
Recorded Investment	149,824	1,574,476
Unpaid Principal Balance	144,878	1,568,303
Related Allowance	59,587	322,469
Average Recorded Investment	151,621	1,515,783
Interest Income Recognized	3,615	84,452
Total impaired loans:
Recorded Investment	4,944,367	5,106,002
Unpaid Principal Balance	4,920,087	5,091,918
Related Allowance	59,587	322,469
Average Recorded Investment	5,024,284	5,598,558
Interest Income Recognized	203,715	272,292
Commercial | Operating
Impaired loans with no specific allowance recorded:
Recorded Investment	290,647	55,800
Unpaid Principal Balance	288,577	54,649
Average Recorded Investment	313,206	224,952
Interest Income Recognized	13,121	5,062
Impaired loans with specific allowance recorded:
Recorded Investment	58,182	541,203
Unpaid Principal Balance	58,101	538,395
Related Allowance	5,810	270,272
Average Recorded Investment	60,738	431,108
Interest Income Recognized	2,287	23,252
Total impaired loans:
Recorded Investment	348,829	597,003
Unpaid Principal Balance	346,678	593,044
Related Allowance	5,810	270,272
Average Recorded Investment	373,944	656,060
Interest Income Recognized	15,408	28,314
Commercial | Real estate
Impaired loans with no specific allowance recorded:
Recorded Investment	229,586	199,149
Unpaid Principal Balance	222,863	199,638
Average Recorded Investment	236,802	99,575
Interest Income Recognized	11,005	13,025
Total impaired loans:
Recorded Investment	229,586	199,149
Unpaid Principal Balance	222,863	199,638
Average Recorded Investment	236,802	99,575
Interest Income Recognized	11,005	13,025
Agricultural | Operating
Impaired loans with no specific allowance recorded:
Recorded Investment	11,621
Unpaid Principal Balance	11,599
Average Recorded Investment	13,490
Interest Income Recognized	515
Total impaired loans:
Recorded Investment	11,621
Unpaid Principal Balance	11,599
Average Recorded Investment	13,490
Interest Income Recognized	515
Agricultural | Real estate
Impaired loans with no specific allowance recorded:
Recorded Investment	432,837
Unpaid Principal Balance	429,526
Average Recorded Investment	388,916
Interest Income Recognized	15,700
Total impaired loans:
Recorded Investment	432,837
Unpaid Principal Balance	429,526
Average Recorded Investment	388,916
Interest Income Recognized	15,700
Residential | 1 - 4 family
Impaired loans with no specific allowance recorded:
Recorded Investment	3,756,194	3,196,754
Unpaid Principal Balance	3,749,543	3,189,520
Average Recorded Investment	3,843,756	3,676,200
Interest Income Recognized	156,154	164,138
Impaired loans with specific allowance recorded:
Recorded Investment	71,389	1,011,629
Unpaid Principal Balance	66,659	1,008,328
Related Allowance	33,659	30,617
Average Recorded Investment	69,958	1,062,152
Interest Income Recognized	349	59,431
Total impaired loans:
Recorded Investment	3,827,583	4,208,383
Unpaid Principal Balance	3,816,202	4,197,848
Related Allowance	33,659	30,617
Average Recorded Investment	3,913,714	4,738,352
Interest Income Recognized	156,503	223,569
Residential | Consumer - Home equity and lines of credit
Impaired loans with no specific allowance recorded:
Recorded Investment	64,576	67,339
Unpaid Principal Balance	64,445	67,308
Average Recorded Investment	66,004	69,425
Interest Income Recognized	3,150	4,586
Impaired loans with specific allowance recorded:
Recorded Investment	20,253	21,644
Unpaid Principal Balance	20,118	21,580
Related Allowance	20,118	21,580
Average Recorded Investment	20,925	22,523
Interest Income Recognized	979	1,769
Total impaired loans:
Recorded Investment	84,829	88,983
Unpaid Principal Balance	84,563	88,888
Related Allowance	20,118	21,580
Average Recorded Investment	86,929	91,948
Interest Income Recognized	4,129	6,355
Other | Consumer - Personal
Impaired loans with no specific allowance recorded:
Recorded Investment	9,082	12,484
Unpaid Principal Balance	8,656	12,500
Average Recorded Investment	10,489	12,623
Interest Income Recognized	455	1,029
Total impaired loans:
Recorded Investment	9,082	12,484
Unpaid Principal Balance	8,656	12,500
Average Recorded Investment	10,489	12,623
Interest Income Recognized	$ 455	$ 1,029

Loans (Details 7)

Loans (Details 7)	Mar. 31, 2015USD ($)item	Jun. 30, 2014USD ($)item
Summary of troubled debt restructured loans
Number of TDRs	100	103
Recorded Investment | $	$ 4,572,226	$ 4,997,017
Extension of maturity
Summary of troubled debt restructured loans
Number of TDRs	50	49
Recorded Investment | $	$ 2,370,895	$ 2,253,880
Reduction of interest rate below market
Summary of troubled debt restructured loans
Number of TDRs	50	54
Recorded Investment | $	$ 2,201,331	$ 2,743,137
Operating | Commercial
Summary of troubled debt restructured loans
Number of TDRs	6	7
Recorded Investment | $	$ 328,741	$ 519,679
Operating | Extension of maturity | Commercial
Summary of troubled debt restructured loans
Number of TDRs	6	6
Recorded Investment | $	$ 328,741	$ 163,537
Operating | Reduction of interest rate below market | Commercial
Summary of troubled debt restructured loans
Number of TDRs		1
Recorded Investment | $		$ 356,142
Real estate | Commercial
Summary of troubled debt restructured loans
Number of TDRs	1	1
Recorded Investment | $	$ 185,322	$ 199,149
Real estate | Agricultural
Summary of troubled debt restructured loans
Number of TDRs	1
Recorded Investment | $	$ 230,997
Real estate | Extension of maturity | Commercial
Summary of troubled debt restructured loans
Number of TDRs	1	1
Recorded Investment | $	$ 185,322	$ 199,149
Real estate | Extension of maturity | Agricultural
Summary of troubled debt restructured loans
Number of TDRs	1
Recorded Investment | $	$ 230,997
1 - 4 family | Residential
Summary of troubled debt restructured loans
Number of TDRs	85	87
Recorded Investment | $	$ 3,733,255	$ 4,176,722
1 - 4 family | Extension of maturity | Residential
Summary of troubled debt restructured loans
Number of TDRs	36	35
Recorded Investment | $	$ 1,552,177	$ 1,811,371
1 - 4 family | Reduction of interest rate below market | Residential
Summary of troubled debt restructured loans
Number of TDRs	49	52
Recorded Investment | $	$ 2,181,078	$ 2,365,351
Consumer - Home equity and lines of credit | Residential
Summary of troubled debt restructured loans
Number of TDRs	5	5
Recorded Investment | $	$ 84,829	$ 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 | $	$ 64,576	$ 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	1
Recorded Investment | $	$ 20,253	$ 21,644
Consumer - Personal | Other
Summary of troubled debt restructured loans
Number of TDRs	2	3
Recorded Investment | $	$ 9,082	$ 12,484
Consumer - Personal | Extension of maturity | Other
Summary of troubled debt restructured loans
Number of TDRs	2	3
Recorded Investment | $	$ 9,082	$ 12,484

Loans (Details 8)

Loans (Details 8)	9 Months Ended		12 Months Ended
	Mar. 31, 2015USD ($)item	Mar. 31, 2014USD ($)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	2	1
Recorded Investment | $	$ 576,859	$ 230,192	$ 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 | $	$ 287,161
Commercial | Real estate
Summary of loans whose terms were modified in a manner that met the definition of a TDR
Number of TDRs		1	1
Recorded Investment | $		$ 200,192	$ 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 | $	$ 230,997
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 | $	$ 58,701
Other | Consumer - Personal
Summary of loans whose terms were modified in a manner that met the definition of a TDR
Number of TDRs		1
Recorded Investment | $		$ 30,000
Extension of maturity
Summary of loans whose terms were modified in a manner that met the definition of a TDR
Number of TDRs	5	2	1
Recorded Investment | $	$ 576,859	$ 230,192	$ 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	3
Recorded Investment | $	$ 287,161
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	1
Recorded Investment | $		$ 200,192	$ 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 | $	$ 230,997
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 | $	$ 58,701
Extension of maturity | Other | Consumer - Personal
Summary of loans whose terms were modified in a manner that met the definition of a TDR
Number of TDRs		1
Recorded Investment | $		$ 30,000

Loan Servicing (Details)

Loan Servicing (Details) - USD ($)	3 Months Ended		9 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Mar. 31, 2015	Mar. 31, 2014	Jun. 30, 2014
Loan Servicing
Principal amount outstanding on loans serviced for others	$ 87,003,000		$ 87,003,000		$ 83,808,000
Proceeds from sale of loans			18,894,713	$ 13,047,236
Fixed rate | 1 - 4 family | Residential
Loan Servicing
Proceeds from sale of loans	3,205,000	$ 2,897,000	18,912,000	13,047,000
Pre-tax gain on sale of loans	71,000	$ 160,000	488,000	$ 387,000
Conventional loan | Federal Home Loan Bank
Loan Servicing
Principal amount outstanding of loans originated and sold in Mortgage Partnership Finance ("MPF") Program	19,237,457		19,237,457		19,652,262
Possible credit enhancement losses cap on loans originated and sold in Mortgage Partnership Finance ("MPF") Program	1,135,566		1,135,566		$ 1,109,788
Accrual of credit enhancement losses on loans originated and sold in Mortgage Partnership Finance ("MPF") Program	$ 17,062		$ 17,062

Accrued Interest Receivable (De

Accrued Interest Receivable (Details) - USD ($)	Mar. 31, 2015	Jun. 30, 2014
Interest Receivable	$ 1,055,697	$ 983,958
Time deposits with other financial institutions
Interest Receivable	348	950
Securities
Interest Receivable	69,769	15,846
Loans
Interest Receivable	$ 985,580	$ 967,162

Premises and Equipment, Net (De

Premises and Equipment, Net (Details) - USD ($)	3 Months Ended		9 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Mar. 31, 2015	Mar. 31, 2014	Jun. 30, 2014
Property, Plant and Equipment [Line Items]
Premises and equipment, gross	$ 10,200,550		$ 10,200,550		$ 9,879,654
Less accumulated depreciation	(4,652,032)		(4,652,032)		(4,416,056)
Total premises and equipment, net	5,548,518		5,548,518		5,463,598
Depreciation	83,150	$ 65,969	235,976	$ 206,015
Land and land improvements
Property, Plant and Equipment [Line Items]
Premises and equipment, gross	1,345,583		1,345,583		1,345,583
Building and improvements
Property, Plant and Equipment [Line Items]
Premises and equipment, gross	6,941,338		6,941,338		6,849,050
Furniture and equipment
Property, Plant and Equipment [Line Items]
Premises and equipment, gross	1,353,822		1,353,822		1,231,338
Computer equipment
Property, Plant and Equipment [Line Items]
Premises and equipment, gross	502,791		502,791		$ 453,683
Vehicles
Property, Plant and Equipment [Line Items]
Premises and equipment, gross	$ 57,016		$ 57,016

Deposits (Details)

Deposits (Details) - USD ($)	Mar. 31, 2015	Jun. 30, 2014
Noninterest-bearing deposits	$ 22,467,002	$ 20,582,628
Interest-bearing NOW	38,838,499	34,500,090
Money market accounts	47,611,286	39,970,420
Savings accounts	19,908,242	11,558,964
Certificates of deposit	48,889,570	43,151,191
Total deposits	177,714,599	149,763,293
Certificates of deposit
Certificates of deposit of $250,000 or more	$ 3,332,000	$ 1,444,000

Deposits (Details 2)

Deposits (Details 2) - USD ($)	3 Months Ended		9 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Mar. 31, 2015	Mar. 31, 2014	Jun. 30, 2014
Scheduled maturities of certificates of deposit:
2,016	$ 29,437,665		$ 29,437,665
2,017	11,879,295		11,879,295
2,018	2,400,957		2,400,957
2,019	1,662,543		1,662,543
2020 and beyond	3,509,110		3,509,110
Total certificates of deposit	48,889,570		48,889,570		$ 43,151,191
Interest expense on deposit accounts:
Interest bearing NOW	51,433	$ 31,174	110,106	$ 80,272
Money-market	68,596	48,104	186,175	140,129
Savings	9,875	7,456	24,092	19,230
Certificates of deposit	114,621	106,935	365,110	326,144
Total interest expense on deposit accounts	$ 244,525	$ 193,669	$ 685,483	$ 565,775

Federal Home Loan Bank Borrow56

Federal Home Loan Bank Borrowings (Details) - USD ($)	12 Months Ended
	Jun. 30, 2014	Mar. 31, 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		$ 44,200,000
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%
Federal Home Loan Bank of Topeka
Federal Home Loan Bank Advances Disclosures
Loans Pledged as Collateral	$ 31,700,000	$ 45,600,000

Regulatory Matters (Details)

Regulatory Matters (Details) - USD ($)	Mar. 31, 2015	Jun. 30, 2014
Compliance with regulatory capital requirements under banking regulations
Total capital (to risk weighted assets), amount	$ 20,847	$ 18,729
Total capital (to risk weighted assets), as a percent	13.30%	11.70%
Tier 1 (core) capital (to risk weighted assets), amount	$ 18,879	$ 16,736
Tier 1 (core) capital (to risk weighted assets), as a percent	12.00%	10.40%
Tier 1 (core) capital (to adjusted total assets), amount	$ 18,879	$ 16,736
Tier 1 (core) capital (to adjusted total assets), as a percent	9.40%	9.30%
Minimum Required for Capital Adequacy Purposes
Total capital (to risk weighted assets), amount	$ 12,560	$ 12,852
Total capital (to risk weighted assets), as a percent	8.00%	8.00%
Tier 1 (core) capital (to risk weighted assets), amount	$ 9,420	$ 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	$ 8,016	$ 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	$ 15,700	$ 16,065
Total capital (to risk weighted assets), as a percent	10.00%	10.00%
Tier 1 (core) capital (to risk weighted assets), amount	$ 12,560	$ 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	$ 10,020	$ 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	$ 18,879
Tier 1 (core) capital (to risk weighted assets), as a percent	12.00%
Minimum Required for Capital Adequacy Purposes
Tier 1 (core) capital (to risk weighted assets), amount	$ 7,065
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	$ 10,205
Tier 1 (core) capital (to risk weighted assets), as a percent	6.50%

Employee Benefit Plans (Details

Employee Benefit Plans (Details) - USD ($)	3 Months Ended		9 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Mar. 31, 2015	Mar. 31, 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	$ 21,000	$ 20,000	$ 63,000	$ 57,000

Employee Benefit Plans (Detai59

Employee Benefit Plans (Details 2) - USD ($)	Nov. 08, 2005	Mar. 31, 2015	Mar. 31, 2014	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		6,813		9,084		9,083
Fair value of shares allocated (in dollars per share)				$ 5.62
Compensation expense		$ 39,462	$ 28,891		$ 39,761
Number of released shares disclosed as allocated shares					74,761
Number of committed-to-be-released shares disclosed as allocated shares					4,542
Shares held by the ESOP
Allocated shares (in shares)		86,116			79,303
Unearned ESOP shares (in shares)		43,146			49,959
Total ESOP shares (in shares)		129,262			129,262
Fair value of unearned ESOP shares		$ 323,595			$ 244,799
Fair value of allocated shares subject to repurchase obligation		$ 444,578			$ 388,585

Employee Benefit Plans (Detai60

Employee Benefit Plans (Details 3) - 2006 Equity Incentive Plan	Mar. 31, 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 ($)	3 Months Ended		9 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Mar. 31, 2015	Mar. 31, 2014
Components of basic earnings per share:
Weighted average common shares outstanding	3,087,784	3,069,672	3,080,962	3,063,490
Net income available to common stockholders	$ 615,127	$ 49,786	$ 1,117,054	$ 862,068
Basic earnings per share (in dollars per share)	$ 0.20	$ 0.02	$ 0.36	$ 0.28

Earnings per Share (Details 2)

Earnings per Share (Details 2) - USD ($)	3 Months Ended		9 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Mar. 31, 2015	Mar. 31, 2014
Components of diluted earnings per share:
Weighted average common shares outstanding	3,087,784	3,069,672	3,080,962	3,063,490
Weighted average of net additional shares from restricted stock awards	41,094	37,344	39,971	39,381
Weighted average number of shares outstanding	3,128,878	3,107,016	3,120,933	3,102,871
Net income available to common stockholders	$ 615,127	$ 49,786	$ 1,117,054	$ 862,068
Diluted earnings per share (in dollars per share)	$ 0.20	$ 0.02	$ 0.36	$ 0.28

Loan Commitments And Other Re63

Loan Commitments And Other Related Activities (Details) - USD ($)	3 Months Ended
	Mar. 31, 2015	Jun. 30, 2014
Loan Commitments and Other Related Activities
Fixed-rate commitments	$ 13,860,000
Commitments to extend credit
Loan Commitments and Other Related Activities
Contractual or notional amounts of financial instruments wherein contractual amounts represent credit risk	11,709,000	$ 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	$ 23,775,000	$ 19,131,000

Loan Commitments and Other Re64

Loan Commitments and Other Related Activities (Details 2) - USD ($)	3 Months Ended		9 Months Ended		12 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Mar. 31, 2015	Mar. 31, 2014	Jun. 30, 2012	Jun. 30, 2014
Commitments disclosures
Operating lease, renewal term					5 years
Future commitments under operating lease
2,015						$ 105,000
2,016						105,000
2,017						$ 105,000
Rental expense under lease
Rental expense	$ 16,000	$ 31,000	$ 79,000	$ 94,000

Fair Value Measurements (Detail

Fair Value Measurements (Details) - USD ($)	Mar. 31, 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	547,123	882,308
Recurring
Assets:
Securities available-for-sale	547,000	882,000
Total assets	547,000	882,000
Recurring | Level 2
Assets:
Securities available-for-sale	547,000	882,000
Total assets	$ 547,000	$ 882,000

Fair Value Measurements (Deta66

Fair Value Measurements (Details 2) - USD ($)	Mar. 31, 2015	Jun. 30, 2014
Assets and Liabilities Measured on Nonrecurring Basis
Impaired loans	$ 4,944,367	$ 5,106,002
Foreclosed assets	350,605	413,200
Nonrecurring
Assets and Liabilities Measured on Nonrecurring Basis
Impaired loans	95,000	1,384,000
Foreclosed assets	390,000	373,000
Total assets	485,000	1,757,000
Nonrecurring | Level 3
Assets and Liabilities Measured on Nonrecurring Basis
Impaired loans	95,000	1,384,000
Foreclosed assets	390,000	373,000
Total assets	$ 485,000	$ 1,757,000

Fair Value Measurements (Deta67

Fair Value Measurements (Details 3) - USD ($)	Mar. 31, 2015	Jun. 30, 2014
Assets:
Cash and due from financial institutions	$ 4,083,883	$ 5,364,305
Time deposits with financial institutions	500,000	1,250,000
Securities available-for-sale	547,123	882,308
Securities held-to-maturity	3,410,950	3,667,779
Federal Home Loan Bank stock	225,900	549,600
Loans, net	164,924,682	157,509,440
Accrued interest receivable	1,055,697	983,958
Liabilities:
Noninterest-bearing deposits	(22,467,002)	(20,582,628)
Interest-bearing deposits	(155,247,597)	(129,180,665)
Federal Home Loan Bank borrowings		(10,767,815)
Accrued interest payable and other liabilities	(1,304,241)	(991,894)
Carrying Amount | Level 1
Assets:
Cash and due from financial institutions	20,234,883	7,776,305
Federal Home Loan Bank stock	225,900	549,600
Accrued interest receivable	1,055,697	983,958
Liabilities:
Accrued interest payable and other liabilities	(1,304,241)	(991,894)
Carrying Amount | Level 2
Assets:
Time deposits with financial institutions	500,000	1,250,000
Securities available-for-sale	547,123	882,308
Securities held-to-maturity	3,386,205	3,642,304
Loans, net	164,924,682	157,509,440
Liabilities:
Noninterest-bearing deposits	(22,467,002)	(20,582,628)
Interest-bearing deposits	(155,247,597)	(129,180,665)
Federal Home Loan Bank borrowings		(10,767,815)
Estimated Fair Value | Level 1
Assets:
Cash and due from financial institutions	20,235,000	7,776,000
Federal Home Loan Bank stock	226,000	550,000
Accrued interest receivable	1,056,000	984,000
Liabilities:
Accrued interest payable and other liabilities	(1,304,000)	(992,000)
Estimated Fair Value | Level 2
Assets:
Time deposits with financial institutions	500,000	1,250,000
Securities available-for-sale	547,000	882,000
Securities held-to-maturity	3,411,000	3,668,000
Loans, net	162,817,000	155,197,000
Liabilities:
Noninterest-bearing deposits	(22,467,000)	(20,583,000)
Interest-bearing deposits	$ (154,383,000)	(127,003,000)
Federal Home Loan Bank borrowings		$ (10,745,000)

Accumulated Other Comprehensi68

Accumulated Other Comprehensive Income (Loss) (Details) - USD ($)	9 Months Ended	12 Months Ended
	Mar. 31, 2015	Jun. 30, 2014
Accumulated Other Comprehensive Income (Loss)
Unrealized holding gains (losses) on securities available-for-sale	$ (1,086)	$ (5,086)
Tax benefit	369	1,730
Total accumulated other comprehensive income (loss)	$ (717)	$ (3,356)

Transactions with Related Par69

Transactions with Related Parties (Details) - Principal officers, directors, and affiliated entities - USD ($)	9 Months Ended	12 Months Ended
	Mar. 31, 2015	Jun. 30, 2014
Loans and Leases Receivable, Related Parties [Roll Forward]
Beginning balance	$ 1,603,501	$ 838,516
New loans or transfers in	4,234,366	5,250,146
Repayments or transfers out	(4,559,090)	(4,485,161)
Ending balance	1,278,777	1,603,501
Deposits	$ 342,000	$ 314,000

Restatements to Previously-Is70

Restatements to Previously-Issued Consolidated Financial Statements (Details) - USD ($)	3 Months Ended		9 Months Ended		12 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Mar. 31, 2015	Mar. 31, 2014	Jun. 30, 2014
Restatement to Previously-Issued Consolidated Financial Statements
Net deferred tax assets	$ 1,876,664		$ 1,876,664		$ 2,331,287
Retained earnings	10,019,893		10,019,893		8,902,839
Income tax expense	403,995	$ 41,084	540,221	$ 436,198
Deferred income tax expense			453,262	$ 380,778
Increase (reduction) to previously-issued financial statements
Restatement to Previously-Issued Consolidated Financial Statements
Net deferred tax assets	(330,000)		(330,000)		(362,000)
Retained earnings	$ (330,000)		(330,000)		(362,000)
Income tax expense			$ (32,000)
Deferred income tax expense					$ 327,000