Equitable Financial (EQFN) 10-Q 10 Feb 17 2017 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Dec. 31, 2016	Feb. 10, 2017
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	Dec. 31, 2016
Amendment Flag	false
Current Fiscal Year End Date	--06-30
Entity Current Reporting Status	Yes
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		3,390,702
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q2

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Dec. 31, 2016	Jun. 30, 2016
Assets
Cash and due from financial institutions	$ 4,467,747	$ 2,567,296
Interest-earning deposits		12,380,000
Total cash and due from financial institutions and interest-earning deposits	4,467,747	14,947,296
Securities available-for-sale	1,466,399	664,755
Securities held-to-maturity	752,844	781,740
Federal Home Loan Bank stock, at cost	231,100	229,900
Loans, net of allowance for loan losses of $3,238,000 and $2,947,000, respectively	213,322,493	198,309,920
Premises and equipment, net	5,488,753	5,274,461
Foreclosed assets, net	461,847	461,847
Accrued interest receivable	1,335,961	1,147,467
Deferred taxes, net	1,431,007	1,416,093
Other assets	2,223,517	1,853,698
Total assets	231,181,668	225,087,177
Liabilities:
Noninterest-bearing deposits	25,880,529	24,296,166
Interest-bearing deposits	162,392,981	162,666,186
Total deposits	188,273,510	186,962,352
Federal funds purchased	3,008,000
Federal Home Loan Bank borrowings	2,000,000
Advance payments from borrowers for taxes and insurance	440,676	387,166
Accrued interest payable and other liabilities	1,072,181	1,198,850
Total liabilities	194,794,367	188,548,368
Common stock in ESOP subject to contingent repurchase obligation	658,122	564,723
Stockholders’ equity:
Common stock, $0.01 par value, 25,000,000 shares authorized 3,477,227 shares issued and 3,390,702 and 3,477,157 shares outstanding at December 31, 2016 and June 30, 2016, respectively	33,907	34,771
Additional paid-in capital	26,013,927	26,844,426
Retained earnings	11,814,435	11,239,913
Unearned ESOP Shares	(1,176,840)	(1,246,045)
Shares reserved for stock compensation	(274,957)	(338,332)
Accumulated other comprehensive income, net of tax	(23,171)	4,076
Reclassification of ESOP shares	(658,122)	(564,723)
Total stockholders' equity	35,729,179	35,974,086
Total liabilities and stockholders' equity	$ 231,181,668	$ 225,087,177

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($)	Dec. 31, 2016	Jun. 30, 2016
Condensed Consolidated Statements of Financial Condition
Allowance for loan losses	$ 3,238,000	$ 2,947,000
Common Stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common Stock, shares authorized	25,000,000	25,000,000
Common Stock, shares issued	3,477,227	3,477,227
Common Stock, shares outstanding	3,390,702	3,477,157

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($)	3 Months Ended		6 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2016	Dec. 31, 2015
Interest income:
Loans	$ 2,241,684	$ 2,035,329	$ 4,435,932	$ 4,113,552
Securities	10,353	21,007	19,083	60,966
Other	3,983	11,804	16,375	18,599
Total interest income	2,256,020	2,068,140	4,471,390	4,193,117
Interest expense:
Deposits	265,795	258,286	532,180	505,772
Other	624	209	762	444
Total interest expense	266,419	258,495	532,942	506,216
Net interest income	1,989,601	1,809,645	3,938,448	3,686,901
Provision for loan losses	169,109	84,401	321,873	157,345
Net interest income after provision for loan losses	1,820,492	1,725,244	3,616,575	3,529,556
Noninterest income:
Service charges on deposit accounts	150,372	138,077	317,568	285,456
Brokerage fee income	206,790	156,353	385,237	313,538
Gain on sale of loans	255,254	196,863	491,718	413,062
Other loan fees	72,455	72,073	151,303	139,568
Other income	36,431	48,782	68,301	73,284
Total noninterest income	721,302	612,148	1,414,127	1,224,908
Noninterest expense:
Salaries and employee benefits	1,129,214	1,072,049	2,313,000	2,263,748
Director and committee fees	40,393	38,592	80,785	81,050
Data processing fees	146,043	129,858	286,693	257,377
Occupancy and equipment	224,157	212,382	482,530	431,700
Regulatory fees and deposit insurance premium	29,582	48,124	83,199	99,763
Advertising and public relations	47,281	53,675	95,172	115,753
Insurance and surety bond premiums	23,820	23,912	47,744	51,764
Professional fees	140,415	152,337	257,733	327,634
Supplies, telephone and postage	71,875	68,737	132,090	135,965
Other expenses	157,831	159,568	327,053	297,581
Total noninterest expense	2,010,611	1,959,234	4,105,999	4,062,335
Income before income taxes	531,183	378,158	924,703	692,129
Income tax expense	(221,719)	(156,034)	(350,181)	(195,027)
Net income	$ 309,464	$ 222,124	$ 574,522	$ 497,102
Basic earnings per share (in dollars per share)	$ 0.09	$ 0.07	$ 0.17	$ 0.15
Diluted earnings per share (in dollars per share)	$ 0.09	$ 0.07	$ 0.17	$ 0.15

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($)	3 Months Ended		6 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2016	Dec. 31, 2015
Condensed Consolidated Statements of Comprehensive Income
Net income	$ 309,464	$ 222,124	$ 574,522	$ 497,102
Other comprehensive income:
Unrealized gain (loss) on securities available-for-sale, net of tax	(26,089)	(1,428)	(27,247)	1,945
Comprehensive income	$ 283,375	$ 220,696	$ 547,275	$ 499,047

Consolidated Statement of Chang

Consolidated Statement of Changes in Stockholders' Equity - 6 months ended Dec. 31, 2016 - USD ($)	Common Equity	Additional Paid In Capital	Retained Earnings	Unearned ESOP Shares	Shares Reserved for Stock Compensation	Accumulated Other Comprehensive Income.	Amount Reclassified on ESOP Shares	Total
BALANCE at Jun. 30, 2016	$ 34,771	$ 26,844,426	$ 11,239,913	$ (1,246,045)	$ (338,332)	$ 4,076	$ (564,723)	$ 35,974,086
Increase (Decrease) in Stockholders' Equity
Net Income			574,522					574,522
Other comprehensive loss						(27,247)		(27,247)
Release of unearned ESOP shares		2,130		69,205				71,335
Stock compensation expense		(34,236)			63,375			29,139
Stock Buyback	(864)	(798,393)						(799,257)
Reclassification due to release and changes in fair value of common stock in ESOP subject to contingent repurchase obligation of ESOP shares							(93,399)	(93,399)
BALANCE at Dec. 31, 2016	$ 33,907	$ 26,013,927	$ 11,814,435	$ (1,176,840)	$ (274,957)	$ (23,171)	$ (658,122)	$ 35,729,179

Consolidated Statement of Chan7

Consolidated Statement of Changes in Stockholders' Equity (Parenthetical)	6 Months Ended
	Dec. 31, 2016shares
Condensed Consolidated Statements of Changes in Stockholders' Equity
Release of unearned ESOP shares (in shares)	7,932

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	6 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Cash Flows from Operating Activities:
Net income	$ 574,522	$ 497,102
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	167,890	173,977
Federal Home Loan Bank stock dividends	(1,200)	(1,600)
ESOP expense	71,335	39,290
Stock compensation expense	29,139	44,546
Amortization of deferred loan origination costs, net	259,989	219,645
Amortization of premiums and discounts	6,799	8,066
Gain on sale of loans	(491,718)	(413,062)
Loss on sale of foreclosed assets		9,728
Loss on disposal of premises and equipment	1,207	50,293
Provision for loan losses	321,873	157,345
Deferred taxes	(878)	124,994
Loans originated for sale	(19,126,779)	(16,110,552)
Proceeds from sale of loans	19,376,441	16,420,589
Loss on investment in partnership	34,832	21,000
Changes in:
Accrued interest receivable	(188,494)	(30,420)
Other assets	(230,088)	(112,188)
Accrued interest payable and other liabilities	(141,669)	(627,614)
Net cash provided by operating activities	663,201	471,139
Cash Flows from Investing Activities:
Net change in loans	(15,511,942)	(11,694,276)
Proceeds from sale of foreclosed assets, net		3,000
Proceeds from maturity of time deposits with financial institutions		500,000
Securities available-for-sale:
Proceeds from calls and principal repayments	136,838	97,991
Purchases	(985,400)	(469,253)
Securities held-to-maturity:
Proceeds from calls and principal repayments	27,732	2,470,587
Purchase of premises and equipment	(383,389)	(85,046)
Net cash used in investing activities	(16,716,161)	(9,176,997)
Cash Flows from Financing Activities:
Net change in deposits	1,311,158	11,466,148
Net change in federal funds purchased	3,008,000
Proceeds from Federal Home Loan Bank borrowings	2,000,000
Net change in advance payments from borrowers for taxes and insurance	53,510	6,582
Stock Buyback	(799,257)
Purchase of ESOP Shares		(951,912)
Expenses and return of proceeds in advance of offering		(2,555,176)
Net cash provided/(used) by financing activities	5,573,411	7,965,642
Decrease in cash and cash equivalents	(10,479,549)	(740,216)
Cash and Cash Equivalents:
Beginning	14,947,296	21,512,653
Ending	4,467,747	20,772,437
Supplemental Cash Flow Information:
Interest paid on deposits and borrowings	536,618	504,042
Income taxes paid	$ 162,879	$ 145,156

Basis of Presentation

Basis of Presentation	6 Months Ended
	Dec. 31, 2016
Basis of Presentation
Basis of Presentation	Note 1. 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, 2016. The consolidated balance sheet of the Company as of June 30, 2016 has been derived from the audited consolidated balance sheet of the company as of that date. 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, 2016. 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”).

Stock Conversion

Stock Conversion	6 Months Ended
	Dec. 31, 2016
Stock Conversion
Stock Conversion	Note 2. On July 8, 2015, Equitable Financial, MHC, the Company’s former federally chartered mutual holding company, consummated its mutual-to-stock conversion, and the Company consummated its initial stock offering. In the Offering, the Company sold 1,983,160 shares of its common stock, par value $0.01 per share, at $8.00 per share in a subscription offering and community offering, including 118,989 shares, equal to 6.0% of the shares sold in the offering, to the Equitable Bank employee stock ownership plan. In accordance with applicable federal conversion regulations, at the time of the completion of our mutual-to-stock conversion, we established a liquidation account in an amount equal to the Company’s total equity as of the latest balance sheet date in the final prospectus used in the Conversion. Each eligible account holder or supplemental account holder is entitled to a proportionate share of this liquidation account in the event of a complete liquidation of the Bank, and only in such event. This share will be reduced if the eligible account holder’s or supplemental account holder’s deposit balance falls below the amounts on the date of record as of any June 30 and will cease to exist if the account is closed. The liquidation account will never be increased despite any increase after Conversion in the related deposit balance. Following completion of the Conversion, the Bank may not declare, pay a dividend on, or repurchase any of its capital stock of the Bank, if the effect thereof would cause retained earnings to be reduced below the liquidation account amount or regulatory capital requirements.

New Accounting Pronouncements

New Accounting Pronouncements	6 Months Ended
	Dec. 31, 2016
New Accounting Pronouncements
New Accounting Pronouncements	Note 3. In January 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2016-01, Recognition and Measurement of Financial Assets and Financial Liabilities. The amendments in this Update address certain aspects of recognition, measurement, presentation, and disclosure of financial instruments. The amendments in this Update are effective for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. This ASU is not expected to have a material impact on the Company’s consolidated financial statements. On February 25, 2016, the FASB issued ASU 2016-02, intended to improve financial reporting about leasing transactions. The ASU is effective for the Company with the interim period beginning January 1, 2019. We are currently evaluating the effect of this proposal to our financial statements. In March 2016, the FASB issued ASU 2016-09, Improvements to Employee Share-Based Payment Accounting. The purpose of this Update is to simplify the accounting for share-based payment award transactions. ASU 2016-09 is effective for annual periods beginning after December 15, 2016, and interim periods within those annual periods. This ASU is not expected to have a material impact on the Company’s consolidated financial statements. In June 2016, the FASB issued ASU 2016-13, Measurement of Credit Losses on Financial Instruments. The purpose of this Update is to provide financial statement users with more decision-useful information about the expected credit losses on financial instruments and other commitments to extend credit held by a reporting entity. The Update replaces the current incurred loss methodology with a methodology that reflects expected credit losses and requires consideration of a broader range of reasonable and supportable information to inform credit loss estimates. This ASU is expected to have an impact on the Company’s consolidated financial statements. The Company is currently evaluating the effect this will have on its financial statements. In August 2016, the FASB issued ASU 2016-15, Statement of Cash Flows; Classification of Certain Cash Receipts and Cash Payments. The purpose of this Update is to address existing diversity in practice related to specific cash flow issues. This Update will be effective for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. The Company does not expect this ASU to have a material impact on the Company’s consolidated financial statements. In October 2016, the FASB issued ASU 2016-16, Intra-Entity Transfers of Assets Other Than Inventory. The purpose of this Update is to improve the accounting for income tax consequences of intra-entity transfers of assets other than inventory. The Company does not expect this ASU to have a material impact on the Company’s consolidated financial statements.

Securities

Securities	6 Months Ended
	Dec. 31, 2016
Securities
Securities	Note 4. 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 December 31, 2016 Cost Gains Losses Fair Value U.S. Government-sponsored agencies securities $ $ — $ $ Residential mortgage-backed securities — $ $ — $ $ Gross Gross Amortized Unrealized Unrealized June 30, 2016 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 December 31, 2016 Cost Gains Losses Fair Value Residential mortgage-backed securities $ $ $ — $ Municipal securities — $ $ $ $ Gross Gross Amortized Unrealized Unrealized June 30, 2016 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 U.S. Government sponsored agencies, local municipal securities and mortgage-backed securities securitized by the Government National Mortgage Association. The contractual maturities of the residential mortgage-backed securities at December 31, 2016 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 $400,000 in municipal securities will mature in the year ending June 30, 2019 with the remaining balance maturing in the year ending June 30, 2020. Approximately $985,000 of U.S. Government sponsored agency bonds will mature in the year ending June 30, 2023. There were no sales of securities for the six months ended December 31, 2016 and 2015. 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 six months ended December 31, 2016 and 2015.

Loans

Loans	6 Months Ended
	Dec. 31, 2016
Loans
Loans	Note 5. Loans that management has the intent and ability to hold for the foreseeable future or until maturity or pay-off are stated at their outstanding unpaid principal balances, less an allowance for loan losses, premiums and discounts on loans purchased, and net deferred loan fees/costs. Interest income on loans is recognized over the term of the loan and is calculated using the simple interest method on principal amounts outstanding. Direct loan origination fees and costs are generally being deferred and the net amounts amortized as an adjustment of the related loan's yield. The Company generally amortizes these amounts over the contractual life. Direct loan origination fees and costs related to loans sold to unrelated third parties are recognized as income or expense in the current consolidated statement of income. The Company’s portfolio segments are as follows: · Commercial · Agricultural · Residential real estate · Other The Company’s classes of loans are as follows: · Commercial – operating · Commercial – real estate · Agricultural – operating · Agricultural – real estate · Residential real estate – 1-4 family · Residential real estate – home equity · Other – construction and land · Other – consumer Loans are as follows: December 31, 2016 June 30, 2016 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 $ $ For all portfolio segments, the allowance for loan losses is maintained at the level considered adequate by management of the Company to provide for losses that are probable. The allowance is increased by provisions charged to operating expense and reduced by net charge-offs. Subsequent recoveries, if any, are credited to the allowance. In determining the adequacy of the allowance balance, the Company makes continuous evaluations of the loan portfolio and related off-balance sheet commitments, considers current economic conditions, historical loan loss experience, review of specific problem loans and other factors. Changes in the allowance for loan losses, by portfolio segment are summarized as follows: Residential Commercial Agricultural Real Estate Other Total For the three months ended December 31, 2016 Balance, beginning $ $ $ $ $ Provision charged to expense Recoveries — Loans charged off — — Balance, ending $ $ $ $ $ Residential Commercial Agricultural Real Estate Other Total For the three months ended December 31, 2015 Balance, beginning $ $ $ $ $ Provision charged to expense Recoveries — Loans charged off — — Balance, ending $ $ $ $ $ Residential Commercial Agricultural Real Estate Other Total For the six months ended December 31, 2016 Balance, beginning $ $ $ $ $ Provision charged to expense Recoveries — Loans charged off — Balance, ending $ $ Residential Commercial Agricultural Real Estate Other Total For the six months ended December 31, 2015 Balance, beginning $ $ $ $ $ Provision charged to expense Recoveries — Loans charged off — — Balance, ending $ $ For commercial loans, agricultural loans, and construction and land loans the allowance for estimated losses on loans consists of specific and general components. The specific component relates to loans that are classified as impaired, as defined below. For those loans that are classified as impaired, an allowance is established when the discounted cash flows (or collateral value or observable market price) of the impaired loan is lower than the carrying value of that loan. For commercial loans, agricultural loans, and construction and land loans, a loan is considered impaired when, based on current information and events, it is probable that the Company will be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the loan agreement. Factors considered by management in determining impairment include payment status, collateral value, and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and payment shortfalls generally are not classified as impaired. Management determines the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower’s prior payment record and the amount of the shortfall in relation to the principal and interest owed. Impairment is measured on a case-by-case basis by either the present value of expected future cash flows discounted at the loan’s effective interest rate, the loan’s obtainable market price, or the fair value of the collateral if the loan is collateral dependent. The general component consists of quantitative and qualitative factors and covers non-impaired loans. The quantitative factors are based on historical charge-off experience. The qualitative factors are determined based on an assessment of internal and/or external influences on credit quality that are not fully reflected in the historical loss data. The Company’s credit quality indicator for all loans excluding commercial loans is past due or performance status. The Company’s credit quality indicator for commercial loans is internal risk ratings. For residential real estate loans and consumer and other loans, these large groups of smaller balance homogenous loans are collectively evaluated for impairment. In estimating the allowance for loan losses for these loans, the Company applies quantitative and qualitative factors on a portfolio segment basis. Quantitative factors are based on historical charge-off experience and qualitative factors are based on an assessment of internal and/or external influences on credit quality that are not fully reflected in the historical loss data. Accordingly, the Company generally does not separately identify individual residential real estate loans and/or consumer loans for impairment disclosures, unless such loans are the subject of a restructuring agreement due to financial difficulties of the borrower. Troubled debt restructures are considered impaired loans and are subject to the same allowance methodology as described above for impaired loans by portfolio segment. The allowance for loan losses, by impairment evaluation and portfolio segment is summarized as follows: Residential Commercial Agricultural Real Estate Other Total December 31, 2016 Allowance for loans individually evaluated for impairment $ $ $ $ — $ Allowance for loans collectively evaluated for impairment $ $ $ $ $ Loans individually evaluated for impairment $ $ $ $ $ Loans collectively evaluated for impairment $ $ $ $ $ Residential Commercial Agricultural Real Estate Other Total June 30, 2016 Allowance for loans individually evaluated for impairment $ $ — $ $ — $ Allowance for loans collectively evaluated for impairment $ $ $ $ $ Loans individually evaluated for impairment $ $ $ $ $ Loans collectively evaluated for impairment $ $ $ $ $ Generally, for all classes of loans, loans are considered past due when contractual payments are delinquent for 31 days or greater. For all classes of loans, loans will generally be placed on nonaccrual status when the loan has become greater than 90 days past due; or when management believes, after considering collection efforts and other factors, that the borrower’s financial condition is such that collection of interest is doubtful. When a loan is placed on nonaccrual status, payments received will be applied to the principal balance. However, interest may be taken on a cash basis in the event the loan is fully secured and the risk of loss is minimal. Previously recorded but uncollected interest on a loan placed in nonaccrual status is accounted for as follows: if the previously accrued but uncollected interest and the principal amount of the loan is protected by sound collateral value based upon a current, independent qualified appraisal, such interest may remain on the Company’s books. If such interest is not so protected, it is considered a loss with the amount thereof recorded in the current year being reversed against current interest income, and the amount recorded in the prior year being charged against the allowance for possible loan losses. For all classes of loans, nonaccrual loans may be restored to accrual status provided the following criteria are met: · The loan is current, and all principal and interest amounts contractually due have been made · The loan is well secured and in the process of collection · Prospects for future principal and interest payments are not in doubt 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 Non accrual Current Past Due Past Due (Nonaccrual) Total Loans December 31, 2016 Classes of loans: Commercial: Operating $ $ $ $ — $ $ Real estate — Agricultural: Operating — — — Real estate — — — Residential real estate: 1-4 family Home equity — Other: Construction and land — — — Consumer — — $ $ $ $ $ $ > 90 days 31-60 days 61-90 days Past Due Non accrual Current Past Due Past Due (Nonaccrual) Total Loans June 30, 2016 Classes of loans: Commercial: Operating $ $ $ — $ — $ $ Real estate — — Agricultural: Operating — — Real estate — — — Residential real estate: 1-4 family Home equity — — — Other: Construction and land — — — — Consumer — $ $ $ $ $ $ For commercial, agriculture, and construction and land loans, the Company utilizes the following internal risk rating scale: Highest Quality (rating 1) -- Loans represent a credit extension of the highest quality. Excellent liquidity, management and character in an industry with favorable conditions. High quality financial information, history of strong cash flows and superior collateral including readily marketable assets, prime real estate, U.S. government securities, U.S. government agencies, highly rated municipal bonds, insured savings accounts, and insured certificates of deposit drawn on high-quality financial institutions. Good Quality (rating 2) -- Loans which have a sound primary and secondary source of repayment. Strong to good liquidity, management and character in an industry with favorable conditions. Good quality financial information and margins of cash flow coverage is consistently good. Loans may be unsecured, secured by quality (but less readily marketable) assets, high quality real estate or traded stocks, lower grade municipal bonds (which must still be investment grade), and uninsured certificates of deposit on other financial institutions may also be included in this grade. Acceptable Quality (rating 3) -- Loans where the borrower is a reasonable credit risk and demonstrates the ability to repay the debt from normal business operations. Good liquidity, management and character in an industry that is more sensitive to external factors. Alternative sources of refinancing may be less available in periods of uncertain economic conditions. Term debt is moderate but cash flow margins fall within bank policy guidelines. Quality of financial information is adequate but is not as detailed and sophisticated as information found on higher-grade loans. Secured by business assets that conform to usual lending parameters for margin and eligibility or real estate that is deemed to be of satisfactory quality in an area that may not be prime but still within viable economic centers. Fair Quality (rating 4) -- Loans where the borrower is a reasonable credit risk but shows a more erratic earnings history (a loss may have been realized in the past four years). Liquidity is limited and primary repayment is susceptible to unfavorable external factors. Industry characteristics are generally stable. Borrower is more highly leveraged with increased levels of term debt. Cash flow margins remain adequate but may not fall within the policy guidelines. Quality of financial information is adequate and interim reporting may be required. Secured by business assets with an adequate collateral margin or real estate that is of fair quality and location. Property may have limited alternative uses and may be considered a "special use" facility. Special Mention (rating 5) -- Loans in this category have the potential for developing weaknesses that deserve extra attention from the account manager and other management personnel. If the developing weakness is not corrected or mitigated, the ability of the borrower to repay the Company's debt in the future may deteriorate. This grade should not be assigned to loans that bear certain peculiar risks normally associated with the type of financing involved, unless circumstances have caused the risk to increase to a level higher than would have been acceptable when the credit was originally approved. If a loan's actual, not potential, weakness or problems are clearly evident and significant it should generally be graded in one of the following grade categories. Substandard (rating 6) -- Loans and other credit extensions are considered to be inadequately protected by the current sound worth and paying capacity of the obligor or of the collateral pledged, if any. These loans, even if apparently protected by collateral value, have a well-defined weakness or weaknesses that jeopardize the liquidation of debt. They are characterized by the distinct possibility that the Company will sustain some loss if the deficiencies are not corrected. Loss potential, while existing in the aggregate amount of substandard loans, does not have to exist in individual loans classified substandard. Doubtful (rating 7) -- Loans and other credit extensions have all the weaknesses inherent in those graded "6" with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions, and values, highly questionable and improbable. The possibility of loss is extremely high, but because of certain important and reasonably specific pending factors, which may work to the advantage and strengthening of the loan, its classification as an estimated loss is deferred until its more exact status may be determined. Pending factors include: proposed merger, acquisition, or liquidation actions; capital injection; perfecting liens on collateral and refinancing plans. Loans in this classification should be placed in non-accrual status, with collections applied to principal. Loss (rating 8) -- Loans are considered uncollectible and cannot be justified as a viable asset of the Bank. This classification does not mean the loan has absolutely no recovery value. However, it is not prudent to delay writing off this loan even though partial recovery may be obtained in the future. For commercial, agricultural and construction and land loans or credit relationships with aggregate exposure greater than $250,000, a loan review is required within 12 months of the most recent credit review. The reviews are completed in enough detail to, at a minimum, validate the risk rating. Additionally, the reviews shall determine whether any documentation exceptions exist, appropriate written analysis is included in the loan file, and whether credit policies have been properly adhered to. For each class of loans, the following summarizes the unpaid principal balance by credit quality indicator as of: Other — Commercial — Commercial — Agricultural — Agricultural — Construction Operating Real Estate Operating Real Estate and Land Total December 31, 2016 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) — — — — — — $ $ $ $ $ $ Other — Commercial — Commercial — Agricultural — Agricultural — Construction Operating Real Estate Operating Real Estate and Land Total June 30, 2016 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 — 1-4 Family Home Equity Consumer Total December 31, 2016 Delinquency status*: Performing $ $ $ $ Nonperforming $ $ $ $ Residential RE — Residential RE — Other — 1-4 Family Home Equity Consumer Total June 30, 2016 Delinquency status*: Performing $ $ $ $ Nonperforming $ $ $ $ * At December 31, 2016 and June 30, 2016, the Company had no loans greater than 90 days past due and still accruing. For commercial, agricultural, and construction and land loans, the Company’s credit quality indicator is internally assigned risk ratings. Each loan is assigned a risk rating upon origination. The risk rating is reviewed every 12 months, at a minimum, and on an as needed basis depending on the specific circumstances of the loan. For residential real estate and consumer 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 Recorded Principal Related Investment Balance Allowance December 31, 2016 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 Real estate Agricultural: Real estate 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 Recorded Principal Related Investment Balance Allowance June 30, 2016 Classes of loans: Impaired loans with no specific allowance recorded: Commercial: Operating $ $ $ — Agricultural: Operating — Real estate — Residential real estate: 1-4 family — Home equity — Other: Consumer — — Impaired loans with specific allowance recorded: Commercial: Operating Real estate 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 — $ $ $ Impaired loans, for which no allowance has been provided as of December 31, 2016 and June 30, 2016, have adequate collateral, based on management’s current estimates. For the three months ended December 31, 2016 December 31, 2015 Average Interest Average Interest Recorded Income Recorded Income Investment Recognized Investment Recognized Classes of loans: Impaired loans with no specific allowance recorded: Commercial: Operating $ $ $ $ Real estate — Agricultural: Operating Real estate Residential real estate: 1-4 family Home equity Other: Consumer Impaired loans with specific allowance recorded: Commercial: Operating Real estate — — — Agricultural: Operating — — Real estate — — — 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 $ $ $ $ For the six months ended December 31, 2016 December 31, 2015 Average Interest Average Interest Recorded Income Recorded Income Investment Recognized Investment Recognized Classes of loans: Impaired loans with no specific allowance recorded: Commercial: Operating $ $ $ $ Real estate Agricultural: Operating Real estate Residential real estate: 1-4 family Home equity Other: Consumer Impaired loans with specific allowance recorded: Commercial: Operating Real estate — — — Agricultural: Operating — — Real estate — — — 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 $ $ $ $ The Company's troubled debt restructuring as of December 31, 2016 and June 30, 2016 were not material to the consolidated financial statements.

Borrowings

Borrowings	6 Months Ended
	Dec. 31, 2016
Borrowings
Borrowings	Note 6. Our borrowings consist primarily of advances from Federal home Loan Bank of Topeka. At December 31, 2016, we had access to additional Federal Home Loan Bank advances up to $40.3 million. To the extent such borrowings have different terms to repricing than our deposits, they can change our interest rate risk profile. The following table sets forth information concerning balances and interest rates on our advances at December 31, 2016. At and during the period ended December 31, 2015 there were no advances outstanding. At or For the Six Months Ended December 31, 2016 (Dollars in thousands) Federal Home Loan Bank Advances: Maximum outstanding at any month end $ Balance at the end of period Average balance during period Weighted average interest rate at the end of period % Weighted average interest rate during period %

Regulatory Matters

Regulatory Matters	6 Months Ended
	Dec. 31, 2016
Regulatory Matters
Regulatory Matters	Note 7. 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 December 31, 2016, 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 December 31, 2016 Total capital (to risk-weighted assets) $ % $ % $ % Common equity Tier 1 capital (to risk-weighted assets) % % % Tier 1 (core) capital (to risk-weighted assets) % % % Tier 1 (core) capital (to adjusted total assets) % % % June 30, 2016 Total capital (to risk-weighted assets) $ % $ % $ % Common equity Tier 1 capital (to risk-weighted % % % Tier 1 (core) capital (to risk-weighted assets) % % % Tier 1 (core) capital (to adjusted total assets) % % % Federal regulations require the Bank to comply with a Qualified Thrift Lender (“QTL”) test, which requires that 65% of assets be maintained in housing-related finance and other specified assets. If the QTL test is not met, limits are placed on growth, branching, new investment, FHLB advances, and dividends or the institution must convert to a commercial bank charter. Management believes the QTL test has been met. In July 2013, the Federal Reserve Board and the Federal Deposit Insurance Corporation issued final rules implementing the Basel III regulatory capital framework and related Dodd-Frank Wall Street Reform and Consumer Protection Act changes. The rules revised minimum capital requirements and adjusted prompt corrective action thresholds. The final rules revised the regulatory capital elements, added a new common equity Tier 1 capital ratio, increased the minimum Tier 1 capital ratio requirement, and implemented a new capital conservation buffer. The rules also permitted certain banking organizations to retain, through a one-time election, the existing treatment for accumulated other comprehensive income. Management chose the one-time election to retain the existing treatment. 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 Plan

Employee Benefit Plan	6 Months Ended
	Dec. 31, 2016
Employee Benefit Plan
Employee Benefit Plan	Note 8. Employee Benefit Plan 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 $56,532 and $44,138 for the six months ended December 31, 2016 and 2015. 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. On July 8, 2015, the ESOP borrowed $951,912 from the Company and used the funds to acquire 118,989 shares of the Company’s stock in connection with the stock offering at a price of $8.00 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 from the note dated November 8, 2005 are approximately $145,000 until maturity at December 31, 2019. Annual principal and interest payments from the note dated July 8, 2015 are approximately $65,000 until maturity at July 8, 2035. 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. The Company recorded compensation expense of $71,335 and $39,290 for the six months ended December 31, 2016 and 2015, respectively. Shares held by the ESOP were as follows: December 31, 2016 June 30, 2016 Allocated shares Shares allocated to be released 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 (“2006 Plan”) in November 2006 and the Equitable Financial Corp. 2016 Equity Incentive Plan (“2016 Plan”) in November 2016. Both plans provide for awards of stock options and restricted stock to officers, employees and directors. The cost of the plan is based on the fair value of the awards at the grant date. The fair value of stock is based on the closing price of the Company’s stock on the grant date. The cost of the awards are being recognized over the five-year vesting periods during which participants are required to provide services in exchange for the awards. As of December 31, 2016 the 2006 plan has terminated. The maximum number of shares authorized under the 2016 Plan is 198,316 stock options and 79,326 shares of restricted stock to employees and directors. As of December 31, 2016 no stock options or restricted stock have been awarded. Restricted stock awards are accounted for as fixed grants using the fair value of the Company’s stock at the time of the grant. Unvested restricted stock awards may not be disposed of or transferred during the vesting period. Restricted stock awards carry with them the right to receive dividends. The table below represents the restricted stock award activity for the period shown: Service-Based Weighted Stock Grant Date Awards Fair Value Non-vested at July 1, 2015 Conversion for stock offering — Granted Vested Non-vested at December 31, 2015 Non-vested at July 1, 2016 Vested Non-vested at December 31, 2016

Earnings per Share

Earnings per Share	6 Months Ended
	Dec. 31, 2016
Earnings per Share
Earnings per Share	Note 9. 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 six months ended December 31, 2016 and 2015: For the three months ended For the six months ended December 31, December 31, 2016 2015 2016 2015 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 six months ended December 31, 2016 and 2015: For the three months ended For the six months ended December 31, December 31, 2016 2015 2016 2015 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 $ $ $ $

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Dec. 31, 2016
Fair Value Measurements
Fair Value Measurements	Note 10. 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 six months ended December 31, 2016, nor were there any changes in valuation techniques used for assets or liabilities measured at fair value at December 31, 2016. 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 December 31, 2016 and June 30, 2016, segregated by the level of the valuation inputs within the fair value hierarchy utilized to measure fair value: Fair Value Measurement at December 31, 2016 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 $ $ — $ $ — Fair Value Measurement at June 30, 2016 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 $ $ — $ $ — 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. At December 31, 2016 and June 30, 2016 the fair value of impaired loans and foreclosed assets were immaterial. 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. Interest-earning deposits — For interest-earning deposits, the current carrying amount is a reasonable estimate of fair 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 — For federal funds purchased, the carrying value approximates fair value. As of June 30, 2016 the Company did not have any federal funds purchased. 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. As of June 30, 2016 the Company did not have any FHLB borrowings. 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 December 31, 2016 Hierarchy Level Amount Fair Value Financial assets: Cash and due from financial institutions Level 1 $ $ 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 funds purchased Level 1 Federal Home Loan Bank Borrowings Level 2 Accrued interest payable and other liabilities Level 1 Fair Value Carrying Estimated June 30, 2016 Hierarchy Level Amount Fair Value Financial assets: Cash and due from financial institutions Level 1 $ $ 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

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income	6 Months Ended
	Dec. 31, 2016
Accumulated Other Comprehensive Income
Accumulated Other Comprehensive Income	Note 11. Accumulated other comprehensive income components were as follows: December 31, 2016 June 30, 2016 Unrealized holding gains/(losses) on securities available-for-sale $ $ Tax expense $ $

Income Taxes

Income Taxes	6 Months Ended
	Dec. 31, 2016
Income Taxes
Income Taxes	Note 12. Three months ended December 31, 2016 December 31, 2015 Provision computed at the statutory federal tax rate $ $ State income taxes, net of federal tax Release of unearned EOSP shares and stock awards Nondeductible expenses Other $ $ Six months ended December 31, 2016 December 31, 2015 Provision computed at the statutory federal tax rate $ $ State income taxes, net of federal tax Release of unearned EOSP shares and stock awards Nondeductible expenses Valuation allowance adjustment — Other $ $

Stock Buyback

Stock Buyback	6 Months Ended
	Dec. 31, 2016
Stock Buyback
Stock Buyback	Note 13. The Company announced a stock repurchase plan on October 7, 2016 whereby the Company could repurchase up to 173,857 shares of its common stock, or approximately 5% of the then current outstanding shares. There were 86,455 shares of the Company’s common stock repurchased by the Company during the six months ended December 31, 2016, and there were 87,402 shares yet to be repurchased under the plan as of December 31, 2016. The following table provides information regarding the Company’s purchase of its common stock during the six months ended December 31, 2016: Total Number of Shares Purchased Maximum Number of Weighted as Part of Publicly Shares that May Yet Be Total Number of Average Price Announced Plans Purchased Under the Period Shares Purchased Paid Per Share or Programs Plans or Programs 10/1/16 - 10/31/16 — $ — — 11/1/16 - 11/30/16 12/1/16 - 12/31/16 Total $

Securities (Tables)

Securities (Tables)	6 Months Ended
	Dec. 31, 2016
Securities
Schedule of securities available-for-sale	Gross Gross Amortized Unrealized Unrealized December 31, 2016 Cost Gains Losses Fair Value U.S. Government-sponsored agencies securities $ $ — $ $ Residential mortgage-backed securities — $ $ — $ $ Gross Gross Amortized Unrealized Unrealized June 30, 2016 Cost Gains Losses Fair Value Residential mortgage-backed securities $ $ $ — $
Schedule of securities held-to-maturity	Gross Gross Amortized Unrealized Unrealized December 31, 2016 Cost Gains Losses Fair Value Residential mortgage-backed securities $ $ $ — $ Municipal securities — $ $ $ $ Gross Gross Amortized Unrealized Unrealized June 30, 2016 Cost Gains Losses Fair Value Residential mortgage-backed securities $ $ $ — $ Municipal securities — $ $ $ — $

Loans (Tables)

Loans (Tables)	6 Months Ended
	Dec. 31, 2016
Loans
Summary of loans	December 31, 2016 June 30, 2016 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 three months ended December 31, 2016 Balance, beginning $ $ $ $ $ Provision charged to expense Recoveries — Loans charged off — — Balance, ending $ $ $ $ $ Residential Commercial Agricultural Real Estate Other Total For the three months ended December 31, 2015 Balance, beginning $ $ $ $ $ Provision charged to expense Recoveries — Loans charged off — — Balance, ending $ $ $ $ $ Residential Commercial Agricultural Real Estate Other Total For the six months ended December 31, 2016 Balance, beginning $ $ $ $ $ Provision charged to expense Recoveries — Loans charged off — Balance, ending $ $ Residential Commercial Agricultural Real Estate Other Total For the six months ended December 31, 2015 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 December 31, 2016 Allowance for loans individually evaluated for impairment $ $ $ $ — $ Allowance for loans collectively evaluated for impairment $ $ $ $ $ Loans individually evaluated for impairment $ $ $ $ $ Loans collectively evaluated for impairment $ $ $ $ $ Residential Commercial Agricultural Real Estate Other Total June 30, 2016 Allowance for loans individually evaluated for impairment $ $ — $ $ — $ Allowance for loans collectively evaluated for impairment $ $ $ $ $ Loans individually evaluated for impairment $ $ $ $ $ Loans collectively evaluated for impairment $ $ $ $ $
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 Non accrual Current Past Due Past Due (Nonaccrual) Total Loans December 31, 2016 Classes of loans: Commercial: Operating $ $ $ $ — $ $ Real estate — Agricultural: Operating — — — Real estate — — — Residential real estate: 1-4 family Home equity — Other: Construction and land — — — Consumer — — $ $ $ $ $ $ > 90 days 31-60 days 61-90 days Past Due Non accrual Current Past Due Past Due (Nonaccrual) Total Loans June 30, 2016 Classes of loans: Commercial: Operating $ $ $ — $ — $ $ Real estate — — Agricultural: Operating — — Real estate — — — Residential real estate: 1-4 family Home equity — — — Other: Construction and land — — — — Consumer — $ $ $ $ $ $
Summary of unpaid principal balance by credit quality indicator	Other — Commercial — Commercial — Agricultural — Agricultural — Construction Operating Real Estate Operating Real Estate and Land Total December 31, 2016 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) — — — — — — $ $ $ $ $ $ Other — Commercial — Commercial — Agricultural — Agricultural — Construction Operating Real Estate Operating Real Estate and Land Total June 30, 2016 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 — 1-4 Family Home Equity Consumer Total December 31, 2016 Delinquency status*: Performing $ $ $ $ Nonperforming $ $ $ $ Residential RE — Residential RE — Other — 1-4 Family Home Equity Consumer Total June 30, 2016 Delinquency status*: Performing $ $ $ $ Nonperforming $ $ $ $
Summary of loans, by classes of loans, considered to be impaired	Unpaid Recorded Principal Related Investment Balance Allowance December 31, 2016 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 Real estate Agricultural: Real estate 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 Recorded Principal Related Investment Balance Allowance June 30, 2016 Classes of loans: Impaired loans with no specific allowance recorded: Commercial: Operating $ $ $ — Agricultural: Operating — Real estate — Residential real estate: 1-4 family — Home equity — Other: Consumer — — Impaired loans with specific allowance recorded: Commercial: Operating Real estate 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 — $ $ $ Impaired loans, for which no allowance has been provided as of December 31, 2016 and June 30, 2016, have adequate collateral, based on management’s current estimates. For the three months ended December 31, 2016 December 31, 2015 Average Interest Average Interest Recorded Income Recorded Income Investment Recognized Investment Recognized Classes of loans: Impaired loans with no specific allowance recorded: Commercial: Operating $ $ $ $ Real estate — Agricultural: Operating Real estate Residential real estate: 1-4 family Home equity Other: Consumer Impaired loans with specific allowance recorded: Commercial: Operating Real estate — — — Agricultural: Operating — — Real estate — — — 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 $ $ $ $ For the six months ended December 31, 2016 December 31, 2015 Average Interest Average Interest Recorded Income Recorded Income Investment Recognized Investment Recognized Classes of loans: Impaired loans with no specific allowance recorded: Commercial: Operating $ $ $ $ Real estate Agricultural: Operating Real estate Residential real estate: 1-4 family Home equity Other: Consumer Impaired loans with specific allowance recorded: Commercial: Operating Real estate — — — Agricultural: Operating — — Real estate — — — 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 $ $ $ $

Borrowings (Tables)

Borrowings (Tables)	6 Months Ended
	Dec. 31, 2016
Borrowings
Schedule of balances and interest rates of advances	At or For the Six Months Ended December 31, 2016 (Dollars in thousands) Federal Home Loan Bank Advances: Maximum outstanding at any month end $ Balance at the end of period Average balance during period Weighted average interest rate at the end of period % Weighted average interest rate during period %

Regulatory Matters (Tables)

Regulatory Matters (Tables)	6 Months Ended
	Dec. 31, 2016
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 December 31, 2016 Total capital (to risk-weighted assets) $ % $ % $ % Common equity Tier 1 capital (to risk-weighted assets) % % % Tier 1 (core) capital (to risk-weighted assets) % % % Tier 1 (core) capital (to adjusted total assets) % % % June 30, 2016 Total capital (to risk-weighted assets) $ % $ % $ % Common equity Tier 1 capital (to risk-weighted % % % Tier 1 (core) capital (to risk-weighted assets) % % % Tier 1 (core) capital (to adjusted total assets) % % %

Employee Benefit Plan (Tables)

Employee Benefit Plan (Tables)	6 Months Ended
	Dec. 31, 2016
Employee Benefit Plan
Summary of ESOP shares	December 31, 2016 June 30, 2016 Allocated shares Shares allocated to be released Unearned ESOP shares Total ESOP shares Fair value of unearned ESOP shares $ $ Fair value of allocated shares subject to repurchase obligation $ $
Schedule of restricted stock award activity	Service-Based Weighted Stock Grant Date Awards Fair Value Non-vested at July 1, 2015 Conversion for stock offering — Granted Vested Non-vested at December 31, 2015 Non-vested at July 1, 2016 Vested Non-vested at December 31, 2016

Earnings per Share (Tables)

Earnings per Share (Tables)	6 Months Ended
	Dec. 31, 2016
Earnings per Share
Schedule of reconciliation of the components used to compute basic earnings per share	For the three months ended For the six months ended December 31, December 31, 2016 2015 2016 2015 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	For the three months ended For the six months ended December 31, December 31, 2016 2015 2016 2015 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 $ $ $ $

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Dec. 31, 2016
Fair Value Measurements
Summary of fair value of assets and liabilities measured on a recurring basis	Fair Value Measurement at December 31, 2016 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 $ $ — $ $ — Fair Value Measurement at June 30, 2016 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 $ $ — $ $ —
Schedule of carrying and estimated fair value of financial instruments	Fair Value Carrying Estimated December 31, 2016 Hierarchy Level Amount Fair Value Financial assets: Cash and due from financial institutions Level 1 $ $ 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 funds purchased Level 1 Federal Home Loan Bank Borrowings Level 2 Accrued interest payable and other liabilities Level 1 Fair Value Carrying Estimated June 30, 2016 Hierarchy Level Amount Fair Value Financial assets: Cash and due from financial institutions Level 1 $ $ 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

Accumulated Other Comprehensi29

Accumulated Other Comprehensive Income (Tables)	6 Months Ended
	Dec. 31, 2016
Accumulated Other Comprehensive Income
Schedule of components of accumulated other comprehensive income	December 31, 2016 June 30, 2016 Unrealized holding gains/(losses) on securities available-for-sale $ $ Tax expense $ $

Income Taxes (Tables)

Income Taxes (Tables)	6 Months Ended
	Dec. 31, 2016
Income Taxes
Schedule of reconciliation of the provision for income taxes	Three months ended December 31, 2016 December 31, 2015 Provision computed at the statutory federal tax rate $ $ State income taxes, net of federal tax Release of unearned EOSP shares and stock awards Nondeductible expenses Other $ $ Six months ended December 31, 2016 December 31, 2015 Provision computed at the statutory federal tax rate $ $ State income taxes, net of federal tax Release of unearned EOSP shares and stock awards Nondeductible expenses Valuation allowance adjustment — Other $ $

Stock Buyback (Tables)

Stock Buyback (Tables)	6 Months Ended
	Dec. 31, 2016
Stock Buyback
Common stock purchased during the period	Total Number of Shares Purchased Maximum Number of Weighted as Part of Publicly Shares that May Yet Be Total Number of Average Price Announced Plans Purchased Under the Period Shares Purchased Paid Per Share or Programs Plans or Programs 10/1/16 - 10/31/16 — $ — — 11/1/16 - 11/30/16 12/1/16 - 12/31/16 Total $

Stock Conversion (Details)

Stock Conversion (Details) - $ / shares	Jul. 08, 2015	Dec. 31, 2016	Jun. 30, 2016
Stock Conversion
Sale of common stock, par value under Stock Conversion (in dollars per share)		$ 0.01	$ 0.01
Stock conversion between Equitable Financial Corp, Equitable MHC and Equitable Bank
Stock Conversion
Sale of common stock under Stock Conversion (in shares)	1,983,160
Sale of common stock, par value under Stock Conversion (in dollars per share)	$ 0.01
Subscription price of common stock under Stock Conversion (in dollars per share)	$ 8
Sale of common stock to employee stock ownership plan under Stock Conversion	118,989
Percentage of shares sold to employee stock ownership plan from total shares sold in initial stock offering under Stock Conversion	6.00%

Securities (Details)

Securities (Details) - USD ($)	6 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Jun. 30, 2016
Amortized cost and estimated fair value of investments in debt and equity securities
Investment securities available-for-sale, amortized cost	$ 1,501,507
Available-for-sale Securities, Accumulated Gross Unrealized Loss, before Tax	(35,108)
Securities available-for-sale	1,466,399		$ 664,755
Investment securities held-to-maturity, amortized cost	752,844		781,740
Investment securities held-to-maturity , gross unrealized gains	11,381		19,374
Investment securities held-to-maturity , gross unrealized losses	(483)
Investment securities held-to-maturity, estimated fair value	763,742		801,114
Available-for-sale Securities, Debt Maturities, Single Maturity Date [Abstract]
Securities sold	0	$ 0
Residential mortgage-backed securities
Amortized cost and estimated fair value of investments in debt and equity securities
Investment securities available-for-sale, amortized cost	515,814		658,579
Investment securities available-for-sale , gross unrealized gain			6,176
Available-for-sale Securities, Accumulated Gross Unrealized Loss, before Tax	(3,182)
Securities available-for-sale	512,632		664,755
Investment securities held-to-maturity, amortized cost	152,183		180,035
Investment securities held-to-maturity , gross unrealized gains	11,381		15,281
Investment securities held-to-maturity, estimated fair value	163,564		195,316
Municipal bonds
Amortized cost and estimated fair value of investments in debt and equity securities
Investment securities held-to-maturity, amortized cost	600,661		601,705
Investment securities held-to-maturity , gross unrealized gains			4,093
Investment securities held-to-maturity , gross unrealized losses	(483)
Investment securities held-to-maturity, estimated fair value	600,178		$ 605,798
Available-for-sale Securities, Debt Maturities, Single Maturity Date [Abstract]
Held-to-maturity securities maturing in the year ending June 30, 2020	400,000
U.S. Government-sponsored agencies securities
Amortized cost and estimated fair value of investments in debt and equity securities
Investment securities available-for-sale, amortized cost	985,693
Available-for-sale Securities, Accumulated Gross Unrealized Loss, before Tax	(31,926)
Securities available-for-sale	953,767
Available-for-sale Securities, Debt Maturities, Single Maturity Date [Abstract]
Bonds maturing in the year ending June 30, 2023	$ 985,000

Loans (Details)

Loans (Details) - USD ($)	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015
Loans disclosures
Total loans	$ 215,946,343		$ 200,694,437
Deferred loan origination costs, net	614,150		562,483
Allowance for loan losses	(3,238,000)	$ (3,055,510)	(2,947,000)	$ (2,817,000)	$ (2,684,000)	$ (2,583,000)
Deferred loan origination costs and allowance	(2,623,850)		(2,384,517)
Loans, net	213,322,493		198,309,920
Commercial
Loans disclosures
Total loans	88,175,925		83,054,605
Allowance for loan losses	(1,468,000)	(1,393,510)	(1,337,000)	(1,225,000)	(1,140,000)	(1,124,000)
Commercial | Operating
Loans disclosures
Total loans	17,483,861		15,355,676
Commercial | Real Estate
Loans disclosures
Total loans	70,692,064		67,698,929
Agricultural
Loans disclosures
Total loans	53,666,959		47,908,101
Allowance for loan losses	(848,000)	(802,000)	(738,000)	(748,000)	(726,000)	(697,000)
Agricultural | Operating
Loans disclosures
Total loans	23,829,863		22,942,560
Agricultural | Real Estate
Loans disclosures
Total loans	29,837,096		24,965,541
Residential
Loans disclosures
Total loans	53,157,396		52,954,421
Allowance for loan losses	(635,000)	(617,000)	(655,000)	(672,000)	(669,000)	(644,000)
Residential | 1 - 4 family
Loans disclosures
Total loans	42,573,310		40,309,797
Residential | Consumer - Home equity and lines of credit
Loans disclosures
Total loans	10,584,086		12,644,624
Other
Loans disclosures
Total loans	20,946,063		16,777,310
Allowance for loan losses	(287,000)	$ (243,000)	(217,000)	$ (172,000)	$ (149,000)	$ (118,000)
Other | Construction and land
Loans disclosures
Total loans	17,080,113		13,210,393
Other | Consumer - Personal
Loans disclosures
Total loans	$ 3,865,950		$ 3,566,917

Loans - Allowance for Loan Loss

Loans - Allowance for Loan Losses (Details) - USD ($)	3 Months Ended		6 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2016	Dec. 31, 2015
Allowance for loan losses:
Balance, beginning	$ 3,055,510	$ 2,684,000	$ 2,947,000	$ 2,583,000
Provision charged to expense	169,109	84,401	321,873	157,345
Recoveries	15,962	50,585	24,825	79,788
Loans charged off	(2,581)	(1,986)	(55,698)	(3,133)
Balance, ending	3,238,000	2,817,000	3,238,000	2,817,000
Commercial
Allowance for loan losses:
Balance, beginning	1,393,510	1,140,000	1,337,000	1,124,000
Provision charged to expense	59,608	36,906	156,311	27,554
Recoveries	14,882	49,358	22,556	74,710
Loans charged off		(1,264)	(47,867)	(1,264)
Balance, ending	1,468,000	1,225,000	1,468,000	1,225,000
Agricultural
Allowance for loan losses:
Balance, beginning	802,000	726,000	738,000	697,000
Provision charged to expense	46,000	22,000	110,000	51,000
Balance, ending	848,000	748,000	848,000	748,000
Residential
Allowance for loan losses:
Balance, beginning	617,000	669,000	655,000	644,000
Provision charged to expense	17,252	2,775	(20,973)	27,316
Recoveries	842	225	1,067	684
Loans charged off	(94)		(94)
Balance, ending	635,000	672,000	635,000	672,000
Other
Allowance for loan losses:
Balance, beginning	243,000	149,000	217,000	118,000
Provision charged to expense	46,249	22,720	76,535	51,475
Recoveries	238	1,002	1,202	4,394
Loans charged off	(2,487)	(722)	(7,737)	(1,869)
Balance, ending	$ 287,000	$ 172,000	$ 287,000	$ 172,000

Loans - Impairment Evaluation (

Loans - Impairment Evaluation (Details) - USD ($)	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015
Allowance for loan losses:
Allowance for loans individually evaluated for impairment	$ 50,081		$ 52,803
Allowance for loans collectively evaluated for impairment	3,187,919		2,894,197
Total Allowance	3,238,000	$ 3,055,510	2,947,000	$ 2,817,000	$ 2,684,000	$ 2,583,000
Loan balances
Loans individually evaluated for impairment	5,525,901		4,843,377
Loans collectively evaluated for impairment	210,420,442		195,851,060
Total loans	215,946,343		200,694,437
Commercial
Allowance for loan losses:
Allowance for loans individually evaluated for impairment	11,626		34,975
Allowance for loans collectively evaluated for impairment	1,456,374		1,302,025
Total Allowance	1,468,000	1,393,510	1,337,000	1,225,000	1,140,000	1,124,000
Loan balances
Loans individually evaluated for impairment	970,493		227,824
Loans collectively evaluated for impairment	87,205,432		82,826,781
Total loans	88,175,925		83,054,605
Agricultural
Allowance for loan losses:
Allowance for loans individually evaluated for impairment	13,857
Allowance for loans collectively evaluated for impairment	834,143		738,000
Total Allowance	848,000	802,000	738,000	748,000	726,000	697,000
Loan balances
Loans individually evaluated for impairment	873,661		885,757
Loans collectively evaluated for impairment	52,793,298		47,022,344
Total loans	53,666,959		47,908,101
Residential
Allowance for loan losses:
Allowance for loans individually evaluated for impairment	24,598		17,828
Allowance for loans collectively evaluated for impairment	610,402		637,172
Total Allowance	635,000	617,000	655,000	672,000	669,000	644,000
Loan balances
Loans individually evaluated for impairment	3,656,124		3,726,602
Loans collectively evaluated for impairment	49,501,272		49,227,819
Total loans	53,157,396		52,954,421
Other
Allowance for loan losses:
Allowance for loans collectively evaluated for impairment	287,000		217,000
Total Allowance	287,000	$ 243,000	217,000	$ 172,000	$ 149,000	$ 118,000
Loan balances
Loans individually evaluated for impairment	25,623		3,194
Loans collectively evaluated for impairment	20,920,440		16,774,116
Total loans	$ 20,946,063		$ 16,777,310

Loans - Aging Unpaid Principal

Loans - Aging Unpaid Principal (Details) - USD ($)	Dec. 31, 2016	Jun. 30, 2016
Summary of aging in terms of unpaid principal balance
Current	$ 213,416,732	$ 197,993,988
Total loans	215,946,343	200,694,437
Nonaccrual Loans	2,412,209	1,799,647
31 to 60 Days Past Due
Summary of aging in terms of unpaid principal balance
Financing Receivable Past Due	1,717,990	2,548,309
61 to 90 Days Past Due
Summary of aging in terms of unpaid principal balance
Financing Receivable Past Due	721,260	23,736
Greater than 90 Days Past Due
Summary of aging in terms of unpaid principal balance
Financing Receivable Past Due	90,361	128,404
Commercial
Summary of aging in terms of unpaid principal balance
Total loans	88,175,925	83,054,605
Commercial | Operating
Summary of aging in terms of unpaid principal balance
Current	17,360,973	15,256,328
Total loans	17,483,861	15,355,676
Nonaccrual Loans	114,735	97,294
Commercial | Operating | 31 to 60 Days Past Due
Summary of aging in terms of unpaid principal balance
Financing Receivable Past Due	37,061	99,348
Commercial | Operating | 61 to 90 Days Past Due
Summary of aging in terms of unpaid principal balance
Financing Receivable Past Due	85,827
Commercial | Real Estate
Summary of aging in terms of unpaid principal balance
Current	69,851,952	67,606,842
Total loans	70,692,064	67,698,929
Nonaccrual Loans	708,695	92,087
Commercial | Real Estate | 31 to 60 Days Past Due
Summary of aging in terms of unpaid principal balance
Financing Receivable Past Due	801,888
Commercial | Real Estate | Greater than 90 Days Past Due
Summary of aging in terms of unpaid principal balance
Financing Receivable Past Due	38,224	92,087
Agricultural
Summary of aging in terms of unpaid principal balance
Total loans	53,666,959	47,908,101
Agricultural | Operating
Summary of aging in terms of unpaid principal balance
Current	23,829,863	22,318,246
Total loans	23,829,863	22,942,560
Nonaccrual Loans	6,848	6,848
Agricultural | Operating | 31 to 60 Days Past Due
Summary of aging in terms of unpaid principal balance
Financing Receivable Past Due		624,314
Agricultural | Real Estate
Summary of aging in terms of unpaid principal balance
Current	29,837,096	24,965,541
Total loans	29,837,096	24,965,541
Nonaccrual Loans	836,509	877,909
Residential
Summary of aging in terms of unpaid principal balance
Total loans	53,157,396	52,954,421
Residential | 1 - 4 family
Summary of aging in terms of unpaid principal balance
Current	41,268,998	38,428,793
Total loans	42,573,310	40,309,797
Nonaccrual Loans	704,394	688,454
Residential | 1 - 4 family | 31 to 60 Days Past Due
Summary of aging in terms of unpaid principal balance
Financing Receivable Past Due	644,411	1,823,353
Residential | 1 - 4 family | 61 to 90 Days Past Due
Summary of aging in terms of unpaid principal balance
Financing Receivable Past Due	625,437	23,736
Residential | 1 - 4 family | Greater than 90 Days Past Due
Summary of aging in terms of unpaid principal balance
Financing Receivable Past Due	34,464	33,915
Residential | Consumer - Home equity and lines of credit
Summary of aging in terms of unpaid principal balance
Current	10,556,417	12,644,624
Total loans	10,584,086	12,644,624
Nonaccrual Loans	38,486	29,807
Residential | Consumer - Home equity and lines of credit | 61 to 90 Days Past Due
Summary of aging in terms of unpaid principal balance
Financing Receivable Past Due	9,996
Residential | Consumer - Home equity and lines of credit | Greater than 90 Days Past Due
Summary of aging in terms of unpaid principal balance
Financing Receivable Past Due	17,673
Other
Summary of aging in terms of unpaid principal balance
Total loans	20,946,063	16,777,310
Other | Construction and land
Summary of aging in terms of unpaid principal balance
Current	16,851,230	13,210,393
Total loans	17,080,113	13,210,393
Other | Construction and land | 31 to 60 Days Past Due
Summary of aging in terms of unpaid principal balance
Financing Receivable Past Due	228,883
Other | Consumer - Personal
Summary of aging in terms of unpaid principal balance
Current	3,860,203	3,563,221
Total loans	3,865,950	3,566,917
Nonaccrual Loans	2,542	7,248
Other | Consumer - Personal | 31 to 60 Days Past Due
Summary of aging in terms of unpaid principal balance
Financing Receivable Past Due	$ 5,747	1,294
Other | Consumer - Personal | Greater than 90 Days Past Due
Summary of aging in terms of unpaid principal balance
Financing Receivable Past Due		$ 2,402

Loans - Credit Quality (Details

Loans - Credit Quality (Details) - USD ($)	6 Months Ended
	Dec. 31, 2016	Jun. 30, 2016
Unpaid principal balance by credit quality indicator
Unpaid principal balance	$ 215,946,343	$ 200,694,437
Performing Financing Receivable Maximum Days Past Due	31 days
Nonperforming Financing Receivable Minimum Days Past Due	31 days
Maximum aggregate exposure not requiring a loan review within 12 months of most recent credit review	$ 250,000
Commercial and Agricultural
Unpaid principal balance by credit quality indicator
Unpaid principal balance	$ 158,922,997	144,173,099
Financing Receivable Risk Rating Minimum Review Period	12 months
Commercial
Unpaid principal balance by credit quality indicator
Unpaid principal balance	$ 88,175,925	83,054,605
Commercial | Operating
Unpaid principal balance by credit quality indicator
Unpaid principal balance	17,483,861	15,355,676
Commercial | Real Estate
Unpaid principal balance by credit quality indicator
Unpaid principal balance	70,692,064	67,698,929
Agricultural
Unpaid principal balance by credit quality indicator
Unpaid principal balance	53,666,959	47,908,101
Agricultural | Operating
Unpaid principal balance by credit quality indicator
Unpaid principal balance	23,829,863	22,942,560
Agricultural | Real Estate
Unpaid principal balance by credit quality indicator
Unpaid principal balance	29,837,096	24,965,541
Residential Real Estate and Other Combined
Unpaid principal balance by credit quality indicator
Unpaid principal balance	57,023,346	56,521,338
Residential
Unpaid principal balance by credit quality indicator
Unpaid principal balance	53,157,396	52,954,421
Residential | 1 - 4 family
Unpaid principal balance by credit quality indicator
Unpaid principal balance	42,573,310	40,309,797
Residential | Consumer - Home equity and lines of credit
Unpaid principal balance by credit quality indicator
Unpaid principal balance	10,584,086	12,644,624
Other
Unpaid principal balance by credit quality indicator
Unpaid principal balance	20,946,063	16,777,310
Other | Construction and land
Unpaid principal balance by credit quality indicator
Unpaid principal balance	17,080,113	13,210,393
Other | Consumer - Personal
Unpaid principal balance by credit quality indicator
Unpaid principal balance	3,865,950	3,566,917
Highest Quality (rating 1) | Commercial and Agricultural
Unpaid principal balance by credit quality indicator
Unpaid principal balance	930,270	832,824
Highest Quality (rating 1) | Agricultural | Operating
Unpaid principal balance by credit quality indicator
Unpaid principal balance	604,225	484,813
Highest Quality (rating 1) | Agricultural | Real Estate
Unpaid principal balance by credit quality indicator
Unpaid principal balance	326,045	348,011
Good Quality (rating 2) | Commercial and Agricultural
Unpaid principal balance by credit quality indicator
Unpaid principal balance	20,106,923	18,814,080
Good Quality (rating 2) | Commercial | Operating
Unpaid principal balance by credit quality indicator
Unpaid principal balance	214,078	213,824
Good Quality (rating 2) | Commercial | Real Estate
Unpaid principal balance by credit quality indicator
Unpaid principal balance	6,899,308	4,923,002
Good Quality (rating 2) | Agricultural | Operating
Unpaid principal balance by credit quality indicator
Unpaid principal balance	6,173,404	5,510,208
Good Quality (rating 2) | Agricultural | Real Estate
Unpaid principal balance by credit quality indicator
Unpaid principal balance	3,937,872	6,173,479
Good Quality (rating 2) | Other | Construction and land
Unpaid principal balance by credit quality indicator
Unpaid principal balance	2,882,261	1,993,567
Acceptable Quality (rating 3) | Commercial and Agricultural
Unpaid principal balance by credit quality indicator
Unpaid principal balance	71,608,909	63,736,162
Acceptable Quality (rating 3) | Commercial | Operating
Unpaid principal balance by credit quality indicator
Unpaid principal balance	8,301,675	7,732,341
Acceptable Quality (rating 3) | Commercial | Real Estate
Unpaid principal balance by credit quality indicator
Unpaid principal balance	32,586,766	33,606,696
Acceptable Quality (rating 3) | Agricultural | Operating
Unpaid principal balance by credit quality indicator
Unpaid principal balance	7,128,873	5,992,063
Acceptable Quality (rating 3) | Agricultural | Real Estate
Unpaid principal balance by credit quality indicator
Unpaid principal balance	15,428,309	9,729,301
Acceptable Quality (rating 3) | Other | Construction and land
Unpaid principal balance by credit quality indicator
Unpaid principal balance	8,163,286	6,675,761
Fair Quality (rating 4) | Commercial and Agricultural
Unpaid principal balance by credit quality indicator
Unpaid principal balance	60,356,012	57,855,483
Fair Quality (rating 4) | Commercial | Operating
Unpaid principal balance by credit quality indicator
Unpaid principal balance	8,779,440	7,294,630
Fair Quality (rating 4) | Commercial | Real Estate
Unpaid principal balance by credit quality indicator
Unpaid principal balance	28,308,128	28,578,771
Fair Quality (rating 4) | Agricultural | Operating
Unpaid principal balance by credit quality indicator
Unpaid principal balance	7,940,517	9,604,176
Fair Quality (rating 4) | Agricultural | Real Estate
Unpaid principal balance by credit quality indicator
Unpaid principal balance	9,293,361	7,836,841
Fair Quality (rating 4) | Other | Construction and land
Unpaid principal balance by credit quality indicator
Unpaid principal balance	6,034,566	4,541,065
Special Mention | Commercial and Agricultural
Unpaid principal balance by credit quality indicator
Unpaid principal balance	1,960,692	829,738
Special Mention | Agricultural | Operating
Unpaid principal balance by credit quality indicator
Unpaid principal balance	1,960,692	829,738
Substandard | Commercial and Agricultural
Unpaid principal balance by credit quality indicator
Unpaid principal balance	3,960,191	2,104,812
Substandard | Commercial | Operating
Unpaid principal balance by credit quality indicator
Unpaid principal balance	188,668	114,881
Substandard | Commercial | Real Estate
Unpaid principal balance by credit quality indicator
Unpaid principal balance	2,897,862	590,460
Substandard | Agricultural | Operating
Unpaid principal balance by credit quality indicator
Unpaid principal balance	22,152	521,562
Substandard | Agricultural | Real Estate
Unpaid principal balance by credit quality indicator
Unpaid principal balance	851,509	877,909
Performing | Residential Real Estate and Other Combined
Unpaid principal balance by credit quality indicator
Unpaid principal balance	55,480,551	54,006,030
Performing | Residential | 1 - 4 family
Unpaid principal balance by credit quality indicator
Unpaid principal balance	41,077,291	37,832,838
Performing | Residential | Consumer - Home equity and lines of credit
Unpaid principal balance by credit quality indicator
Unpaid principal balance	10,545,599	12,614,817
Performing | Other | Consumer - Personal
Unpaid principal balance by credit quality indicator
Unpaid principal balance	3,857,661	3,558,375
Nonperforming | Residential Real Estate and Other Combined
Unpaid principal balance by credit quality indicator
Unpaid principal balance	1,542,795	2,515,308
Nonperforming | Residential | 1 - 4 family
Unpaid principal balance by credit quality indicator
Unpaid principal balance	1,496,019	2,476,959
Nonperforming | Residential | Consumer - Home equity and lines of credit
Unpaid principal balance by credit quality indicator
Unpaid principal balance	38,487	29,807
Nonperforming | Other | Consumer - Personal
Unpaid principal balance by credit quality indicator
Unpaid principal balance	$ 8,289	$ 8,542

Loans - Impaired (Details)

Loans - Impaired (Details) - USD ($)	3 Months Ended		6 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Jun. 30, 2016
Impaired loans with no specific allowance recorded:
Recorded Investment	$ 4,443,866		$ 4,443,866		$ 4,415,601
Unpaid Principal Balance	4,378,185		4,378,185		4,355,599
Average Recorded Investment	4,146,588	$ 5,460,932	4,157,600	$ 5,431,874
Interest Income Recognized	45,031	81,724	86,315	139,228
Impaired loans with specific allowance recorded:
Recorded Investment	1,198,569		1,198,569		512,018
Unpaid Principal Balance	1,147,716		1,147,716		487,778
Related Allowance	50,081		50,081		52,803
Average Recorded Investment	1,196,329	516,993	1,185,310	520,517
Interest Income Recognized	4,313	15,613	7,269	17,482
Total impaired loans:
Recorded Investment	5,642,435		5,642,435		4,927,619
Unpaid Principal Balance	5,525,901		5,525,901		4,843,377
Related Allowance	50,081		50,081		52,803
Average Recorded Investment	5,342,917	5,977,925	5,342,910	5,952,391
Interest Income Recognized	49,344	97,337	93,584	156,710
Commercial | Operating
Impaired loans with no specific allowance recorded:
Recorded Investment	206,058		206,058		88,902
Unpaid Principal Balance	203,635		203,635		87,497
Average Recorded Investment	190,581	275,575	178,100	276,207
Interest Income Recognized	2,611	4,445	4,115	7,130
Impaired loans with specific allowance recorded:
Recorded Investment	58,444		58,444		48,302
Unpaid Principal Balance	58,163		58,163		48,240
Related Allowance	4,910		4,910		4,824
Average Recorded Investment	59,569	288,647	53,373	287,802
Interest Income Recognized	606	574	1,122	1,799
Total impaired loans:
Recorded Investment	264,502		264,502		137,204
Unpaid Principal Balance	261,798		261,798		135,737
Related Allowance	4,910		4,910		4,824
Average Recorded Investment	250,150	564,222	231,473	564,009
Interest Income Recognized	3,217	5,019	5,237	8,929
Commercial | Real Estate
Impaired loans with no specific allowance recorded:
Recorded Investment	670,629		670,629
Unpaid Principal Balance	670,471		670,471
Average Recorded Investment	335,315	182,423	335,315	183,969
Interest Income Recognized	2,375		2,375	2,331
Impaired loans with specific allowance recorded:
Recorded Investment	48,046		48,046		114,837
Unpaid Principal Balance	38,224		38,224		92,087
Related Allowance	6,716		6,716		30,151
Average Recorded Investment	47,765		47,489
Total impaired loans:
Recorded Investment	718,675		718,675		114,837
Unpaid Principal Balance	708,695		708,695		92,087
Related Allowance	6,716		6,716		30,151
Average Recorded Investment	383,080	182,423	382,804	183,969
Interest Income Recognized	2,375		2,375	2,331
Agricultural | Operating
Impaired loans with no specific allowance recorded:
Recorded Investment	22,566		22,566		8,009
Unpaid Principal Balance	22,152		22,152		7,848
Average Recorded Investment	48,507	8,396	47,927	9,043
Interest Income Recognized	3,328	108	3,328	234
Impaired loans with specific allowance recorded:
Average Recorded Investment		208,128		212,537
Interest Income Recognized		14,843		14,843
Total impaired loans:
Recorded Investment	22,566		22,566		8,009
Unpaid Principal Balance	22,152		22,152		7,848
Average Recorded Investment	48,507	216,524	47,927	221,580
Interest Income Recognized	3,328	14,951	3,328	15,077
Agricultural | Real Estate
Impaired loans with no specific allowance recorded:
Recorded Investment	428,260		428,260		925,288
Unpaid Principal Balance	380,453		380,453		877,909
Average Recorded Investment	432,437	868,712	442,515	856,291
Interest Income Recognized	135	13,054	363	14,233
Impaired loans with specific allowance recorded:
Recorded Investment	497,224		497,224
Unpaid Principal Balance	471,056		471,056
Related Allowance	13,857		13,857
Average Recorded Investment	493,981		490,390
Total impaired loans:
Recorded Investment	925,484		925,484		925,288
Unpaid Principal Balance	851,509		851,509		877,909
Related Allowance	13,857		13,857
Average Recorded Investment	926,418	868,712	932,905	856,291
Interest Income Recognized	135	13,054	363	14,233
Residential | 1 - 4 family
Impaired loans with no specific allowance recorded:
Recorded Investment	3,081,233		3,081,233		3,330,310
Unpaid Principal Balance	3,067,135		3,067,135		3,320,028
Average Recorded Investment	3,103,372	4,053,483	3,116,634	4,032,597
Interest Income Recognized	36,162	63,044	75,183	112,943
Impaired loans with specific allowance recorded:
Recorded Investment	576,891		576,891		330,997
Unpaid Principal Balance	562,600		562,600		329,623
Related Allowance	23,692		23,692		16,913
Average Recorded Investment	577,070		576,135
Interest Income Recognized	3,551		5,759
Total impaired loans:
Recorded Investment	3,658,124		3,658,124		3,661,307
Unpaid Principal Balance	3,629,735		3,629,735		3,649,651
Related Allowance	23,692		23,692		16,913
Average Recorded Investment	3,680,442	4,053,483	3,692,769	4,032,597
Interest Income Recognized	39,713	63,044	80,942	112,943
Residential | Consumer - Home equity and lines of credit
Impaired loans with no specific allowance recorded:
Recorded Investment	8,731		8,731		59,336
Unpaid Principal Balance	8,716		8,716		59,123
Average Recorded Investment	8,936	61,772	9,137	62,416
Interest Income Recognized	150	983	309	2,092
Impaired loans with specific allowance recorded:
Recorded Investment	17,964		17,964		17,882
Unpaid Principal Balance	17,673		17,673		17,828
Related Allowance	906		906		915
Average Recorded Investment	17,944	20,218	17,923	20,178
Interest Income Recognized	156	196	388	840
Total impaired loans:
Recorded Investment	26,695		26,695		77,218
Unpaid Principal Balance	26,389		26,389		76,951
Related Allowance	906		906		915
Average Recorded Investment	26,880	81,990	27,060	82,594
Interest Income Recognized	306	1,179	697	2,932
Other | Consumer - Personal
Impaired loans with no specific allowance recorded:
Recorded Investment	26,389		26,389		3,756
Unpaid Principal Balance	25,623		25,623		3,194
Average Recorded Investment	27,440	10,571	27,972	11,351
Interest Income Recognized	270	90	642	265
Total impaired loans:
Recorded Investment	26,389		26,389		3,756
Unpaid Principal Balance	25,623		25,623		$ 3,194
Average Recorded Investment	27,440	10,571	27,972	11,351
Interest Income Recognized	$ 270	$ 90	$ 642	$ 265

Borrowings (Details)

Borrowings (Details) - USD ($)	6 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Federal Home Loan Bank Borrowings
Advances from Federal Home Loan Banks	$ 2,000,000	$ 0
Maximum outstanding at any month end	2,000,000
Average balance during period	$ 666,000
Weighted average interest rate at the end of period	0.72%
Weighted average interest rate during period	0.72%
Federal Home Loan Bank of Topeka
Federal Home Loan Bank Borrowings
Amount of available advances	$ 40,300,000

Regulatory Matters (Details)

Regulatory Matters (Details) - USD ($)	Dec. 31, 2016	Jun. 30, 2016
Compliance with regulatory capital requirements under banking regulations
Total capital (to risk weighted assets), amount	$ 29,945	$ 28,977
Total capital (to risk weighted assets), as a percent	13.90%	14.70%
Tier 1 (core) capital (to risk weighted assets), amount	$ 27,245	$ 26,500
Tier 1 (core) capital (to risk weighted assets), as a percent	12.70%	13.40%
Tier 1 (core) capital (to adjusted total assets), amount	$ 27,245	$ 26,500
Tier 1 (core) capital (to adjusted total assets), as a percent	12.00%	11.60%
Minimum Required for Capital Adequacy Purposes
Total capital (to risk weighted assets), amount	$ 17,227	$ 15,805
Total capital (to risk weighted assets), as a percent	8.00%	8.00%
Tier 1 (core) capital (to risk weighted assets), amount	$ 12,920	$ 11,854
Tier 1 (core) capital (to risk weighted assets), as a percent	6.00%	6.00%
Tier 1 (core) capital (to adjusted total assets), amount	$ 9,108	$ 9,114
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	$ 21,534	$ 19,757
Total capital (to risk weighted assets), as a percent	10.00%	10.00%
Tier 1 (core) capital (to risk weighted assets), amount	$ 17,227	$ 15,805
Tier 1 (core) capital (to risk weighted assets), as a percent	8.00%	8.00%
Tier 1 (core) capital (to adjusted total assets), amount	$ 11,384	$ 11,393
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	$ 27,245	$ 26,500
Tier 1 (core) capital (to risk weighted assets), as a percent	12.70%	13.40%
Minimum Required for Capital Adequacy Purposes
Tier 1 (core) capital (to risk weighted assets), amount	$ 9,690	$ 8,891
Tier 1 (core) capital (to risk weighted assets), as a percent	4.50%	4.50%
Minimum Required to Be Well Capitalized Under Prompt Corrective Action Provisions
Tier 1 (core) capital (to risk weighted assets), amount	$ 13,997	$ 12,842
Tier 1 (core) capital (to risk weighted assets), as a percent	6.50%	6.50%

Employee Benefit Plan - 401K (D

Employee Benefit Plan - 401K (Details) - USD ($)	6 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Employee Benefit Plan
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	$ 56,532	$ 44,138

Employee Benefit Plan - ESOP (D

Employee Benefit Plan - ESOP (Details) - USD ($)	Jul. 08, 2015	Nov. 08, 2005	Dec. 31, 2016	Dec. 31, 2015	Jun. 30, 2016
Employee stock ownership plan ("ESOP")
Funds borrowed by the ESOP from the Company	$ 951,912	$ 1,292,620
Company stock acquired by the ESOP (in shares)	118,989	129,262
Price of Company stock acquired by the ESOP (in dollars per share)	$ 8	$ 10
Annual principal and interest payments to be made by the ESOP	$ 65,000			$ 145,000
Compensation expense			$ 71,335	$ 39,290
Shares held by the ESOP
Allocated shares (in shares)			70,244		71,803
Shares allocated to be released			15,864		7,932
Unearned ESOP shares (in shares)			142,768		150,700
Total ESOP shares (in shares)			228,876		230,435
Fair value of unearned ESOP shares			$ 1,413,403		$ 1,252,317
Fair value of allocated shares subject to repurchase obligation			$ 658,122		$ 564,723

Employee Benefit Plan - Shares

Employee Benefit Plan - Shares Awarded (Details) - $ / shares	6 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Restricted stock
Service-Based Stock Awards
Non-vested at beginning of the year (in shares)	39,281	43,094
Conversion for stock offering (in shares)		3,907
Granted (in shares)		4,900
Vested (in shares)	(7,294)	(6,297)
Non-vested at end of the year (in share)	31,987	45,604
Weighted Grant Date Fair Value
Non-vested at beginning of the year (in dollars per share)	$ 4.32	$ 4.02
Granted (in dollars per share)		8.53
Vested (in dollars per share)	5.40	4.93
Non-vested at end of the year (in dollars per share)	$ 4.32	$ 4.02
2006 Equity Incentive Plan
Share-based compensation
Award vesting period	5 years
2016 Equity Incentive Plan | Stock options
Share-based compensation
Number of shares that may be awarded to employees and directors under the plan	198,316
Number of shares awarded	0
2016 Equity Incentive Plan | Restricted stock
Share-based compensation
Number of shares that may be awarded to employees and directors under the plan	79,326
Number of shares awarded	0

Earnings per Share - Basic (Det

Earnings per Share - Basic (Details) - USD ($)	3 Months Ended		6 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2016	Dec. 31, 2015
Components of basic earnings per share:
Weighted average common shares outstanding	3,284,562	3,261,989	3,286,340	3,258,318
Net income available to common stockholders	$ 309,464	$ 222,124	$ 574,522	$ 497,102
Basic earnings per share (in dollars per share)	$ 0.09	$ 0.07	$ 0.17	$ 0.15

Earnings per Share - Diluted (D

Earnings per Share - Diluted (Details) - USD ($)	3 Months Ended		6 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2016	Dec. 31, 2015
Components of diluted earnings per share:
Weighted average common shares outstanding	3,284,562	3,261,989	3,286,340	3,258,318
Dilutive effect of net additional shares from restricted stock awards	17,552	23,567	16,801	24,829
Weighted average number of shares outstanding	3,302,114	3,285,556	3,303,141	3,283,147
Net income available to common stockholders	$ 309,464	$ 222,124	$ 574,522	$ 497,102
Diluted earnings per share (in dollars per share)	$ 0.09	$ 0.07	$ 0.17	$ 0.15

Fair Value Measurements (Detail

Fair Value Measurements (Details) - USD ($)	Dec. 31, 2016	Jun. 30, 2016
Assets and Liabilities Measured on Recurring Basis
Fair value asset transfers from Level 1 to Level 2	$ 0
Fair value asset transfers from Level 2 to Level 1	0
Fair value liability transfers from Level 1 to Level 2	0
Fair value liability transfers from Level 2 to Level 1	0
Assets:
Securities available-for-sale	1,466,399	$ 664,755
Recurring
Assets:
Securities available-for-sale	1,466,399	664,755
Recurring | Level 2
Assets:
Securities available-for-sale	$ 1,466,399	$ 664,755

Fair Value Measurements - Finan

Fair Value Measurements - Financial Instruments (Details) - USD ($)	Dec. 31, 2016	Jun. 30, 2016
Financial assets:
Cash and due from financial institutions	$ 4,467,747	$ 2,567,296
Securities available-for-sale	1,466,399	664,755
Securities held-to-maturity	763,742	801,114
Federal Home Loan Bank stock	231,100	229,900
Loans, net	213,322,493	198,309,920
Accrued interest receivable	1,335,961	1,147,467
Financial liabilities:
Noninterest-bearing deposits	25,880,529	24,296,166
Interest-bearing deposits	162,392,981	162,666,186
Federal funds purchased	3,008,000
Federal Home Loan Bank borrowings	2,000,000
Accrued interest payable and other liabilities	1,072,181	1,198,850
Carrying Amount | Level 1
Financial assets:
Cash and due from financial institutions	4,467,747	14,947,296
Federal Home Loan Bank stock	231,100	229,900
Accrued interest receivable	1,335,961	1,147,467
Financial liabilities:
Federal funds purchased	3,008,000
Accrued interest payable and other liabilities	1,072,181	1,198,850
Carrying Amount | Level 2
Financial assets:
Securities available-for-sale	1,466,399	664,755
Securities held-to-maturity	752,844	781,740
Loans, net	213,322,493	198,309,920
Financial liabilities:
Noninterest-bearing deposits	25,880,529	24,296,166
Interest-bearing deposits	162,392,981	162,666,186
Federal Home Loan Bank borrowings	2,000,000
Estimated Fair Value | Level 1
Financial assets:
Cash and due from financial institutions	4,468,000	14,947,000
Federal Home Loan Bank stock	231,000	230,000
Accrued interest receivable	1,336,000	1,147,000
Financial liabilities:
Federal funds purchased	3,008,000
Accrued interest payable and other liabilities	1,072,000	1,199,000
Estimated Fair Value | Level 2
Financial assets:
Securities available-for-sale	1,466,000	665,000
Securities held-to-maturity	764,000	801,000
Loans, net	211,197,122	198,000,000
Financial liabilities:
Noninterest-bearing deposits	25,881,000	24,296,000
Interest-bearing deposits	166,145,649	$ 170,276,000
Federal Home Loan Bank borrowings	$ 2,000,000

Accumulated Other Comprehensi49

Accumulated Other Comprehensive Income (Details) - USD ($)	6 Months Ended	12 Months Ended
	Dec. 31, 2016	Jun. 30, 2016
Accumulated Other Comprehensive Income
Unrealized holding gains/(losses) on securities available-for-sale	$ (35,108)	$ 6,176
Tax expense	11,937	(2,100)
Total accumulated other comprehensive income	$ (23,171)	$ 4,076

Income Taxes - Reconciliation (

Income Taxes - Reconciliation (Details) - USD ($)	3 Months Ended		6 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2016	Dec. 31, 2015
Effective Income Tax Rate Reconciliation, Amount [Abstract]
Provision computed at the statutory federal tax rate	$ (180,602)	$ (128,574)	$ (314,399)	$ (235,324)
State income taxes, net of federal tax	(15,715)	(12,726)	(27,755)	(24,712)
Release of unearned EOSP shares and stock awards	2,355	6,537	5,547	8,483
Nondeductible expenses	(2,066)	(2,212)	(3,714)	(4,202)
Valuation allowance adjustment				79,000
Other	(25,691)	(19,059)	(9,860)	(18,272)
Total income tax expense	$ (221,719)	$ (156,034)	$ (350,181)	$ (195,027)

Stock Buyback (Details)

Stock Buyback (Details) - Common Stock - $ / shares	Oct. 07, 2016	Dec. 31, 2016	Nov. 30, 2016	Dec. 31, 2016	Oct. 31, 2016
Common stock purchased during the period:
Shares purchased		26,455	60,000	86,455
Average price paid per share		$ 9.57	$ 9.07	$ 9.22
Stock Repurchase Plan
Common stock purchased during the period:
Current shares outstanding (as a percentage)	5.00%
Shares purchased		86,455	60,000	86,455
Maximum number of shares that may yet be purchased		87,402	113,857	87,402	173,857