Equitable Financial (EQFN) 10-Q 12 May 17 2017 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Mar. 31, 2017	May 11, 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	Mar. 31, 2017
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		3,431,963
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q3

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Mar. 31, 2017	Jun. 30, 2016
Assets
Cash and due from financial institutions	$ 4,830,944	$ 2,567,296
Interest-earning deposits	2,576,000	12,380,000
Total cash and due from financial institutions and interest-earning deposits	7,406,944	14,947,296
Securities available-for-sale	1,433,716	664,755
Securities held-to-maturity	744,640	781,740
Federal Home Loan Bank stock, at cost	231,700	229,900
Loans, net of allowance for loan losses of $3,300,000 and $2,947,000, respectively	220,944,659	198,309,920
Premises and equipment, net	5,459,920	5,274,461
Foreclosed assets, net	223,200	461,847
Accrued interest receivable	1,233,302	1,147,467
Deferred taxes, net	1,495,039	1,416,093
Other assets	2,085,724	1,853,698
Total assets	241,258,844	225,087,177
Liabilities:
Noninterest-bearing deposits	28,414,452	24,296,166
Interest-bearing deposits	174,473,915	162,666,186
Total deposits	202,888,367	186,962,352
Advance payments from borrowers for taxes and insurance	445,546	387,166
Accrued interest payable and other liabilities	1,416,707	1,198,850
Total liabilities	204,750,620	188,548,368
Common stock in ESOP subject to contingent repurchase obligation	681,820	564,723
Stockholders’ equity:
Common stock, $0.01 par value, 25,000,000 shares authorized 3,477,227 shares issued and 3,431,963 and 3,477,157 shares outstanding at March 31, 2017 and June 30, 2016, respectively	34,320	34,771
Additional paid-in capital	26,405,683	26,844,426
Retained earnings	12,089,781	11,239,913
Unearned ESOP Shares	(1,142,270)	(1,246,045)
Shares reserved for stock compensation	(861,060)	(338,332)
Accumulated other comprehensive income/(loss), net of tax	(18,230)	4,076
Reclassification of ESOP shares	(681,820)	(564,723)
Total stockholders' equity	35,826,404	35,974,086
Total liabilities and stockholders' equity	$ 241,258,844	$ 225,087,177

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($)	Mar. 31, 2017	Jun. 30, 2016
Condensed Consolidated Statements of Financial Condition
Allowance for loan losses	$ 3,300,000	$ 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	3,431,963	3,477,157
Common Stock, shares outstanding	3,431,963	3,477,157

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($)	3 Months Ended		9 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Mar. 31, 2017	Mar. 31, 2016
Interest income:
Loans	$ 2,301,482	$ 2,012,359	$ 6,737,414	$ 6,125,911
Securities	13,417	9,797	32,500	70,763
Other	5,329	30,788	21,704	49,387
Total interest income	2,320,228	2,052,944	6,791,618	6,246,061
Interest expense:
Deposits	281,285	271,490	813,465	777,262
Federal Home Loan Bank borrowings	1,011		1,011
Other	595	186	1,357	630
Total interest expense	282,891	271,676	815,833	777,892
Net interest income	2,037,337	1,781,268	5,975,785	5,468,169
Provision for loan losses	60,830	2,023	382,703	159,368
Net interest income after provision for loan losses	1,976,507	1,779,245	5,593,082	5,308,801
Noninterest income:
Service charges on deposit accounts	150,976	149,571	468,544	435,027
Brokerage fee income	160,542	147,257	545,779	460,795
Gain on sale of loans	103,721	151,618	595,439	564,680
Other loan fees	57,644	66,672	208,947	206,240
Other income	38,930	29,119	107,231	102,403
Total noninterest income	511,813	544,237	1,925,940	1,769,145
Noninterest expense:
Salaries and employee benefits	1,225,488	1,093,182	3,538,488	3,356,930
Director and committee fees	41,557	39,192	122,342	120,242
Data processing fees	146,346	142,544	433,039	399,921
Occupancy and equipment	247,386	224,508	729,916	656,208
Regulatory fees and deposit insurance premium	42,804	52,926	126,003	152,689
Advertising and public relations	58,207	56,639	153,379	172,392
Insurance and bond premiums	23,860	23,642	71,604	75,406
Professional fees	53,198	71,329	310,931	398,963
Supplies, telephone and postage	75,480	67,173	207,570	203,138
Other expenses	160,028	154,852	487,081	452,433
Total noninterest expense	2,074,354	1,925,987	6,180,353	5,988,322
Income before income taxes	413,966	397,495	1,338,669	1,089,624
Income tax expense	(138,620)	(155,001)	(488,801)	(350,028)
Net income	$ 275,346	$ 242,494	$ 849,868	$ 739,596
Basic earnings per share (in dollars per share)	$ 0.08	$ 0.07	$ 0.26	$ 0.23
Diluted earnings per share (in dollars per share)	$ 0.08	$ 0.07	$ 0.25	$ 0.23

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($)	3 Months Ended		9 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Mar. 31, 2017	Mar. 31, 2016
Condensed Consolidated Statements of Comprehensive Income
Net income	$ 275,346	$ 242,494	$ 849,868	$ 739,596
Other comprehensive income/(loss):
Unrealized gain/(loss) on securities available-for-sale, net of tax	4,941	4,086	(22,306)	6,031
Comprehensive income	$ 280,287	$ 246,580	$ 827,562	$ 745,627

Consolidated Statement of Chang

Consolidated Statement of Changes in Stockholders' Equity - 9 months ended Mar. 31, 2017 - 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			849,868					849,868
Other comprehensive loss						(22,306)		(22,306)
Equity Incentive Plan stock issued	635	627,629			(628,264)
Release of unearned ESOP shares		7,840		103,775				111,615
Stock compensation expense		(47,835)			105,536			57,701
Stock Buyback	(1,086)	(1,026,377)						(1,027,463)
Reclassification due to release and changes in fair value of common stock in ESOP subject to contingent repurchase obligation of ESOP shares							(117,097)	(117,097)
BALANCE at Mar. 31, 2017	$ 34,320	$ 26,405,683	$ 12,089,781	$ (1,142,270)	$ (861,060)	$ (18,230)	$ (681,820)	$ 35,826,404

Consolidated Statement of Chan7

Consolidated Statement of Changes in Stockholders' Equity (Parenthetical)	9 Months Ended
	Mar. 31, 2017shares
Condensed Consolidated Statements of Changes in Stockholders' Equity
Release of unearned ESOP shares (in shares)	11,894

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	9 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Cash Flows from Operating Activities:
Net income	$ 849,868	$ 739,596
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	254,167	260,212
Federal Home Loan Bank stock dividends	(1,800)	(2,400)
ESOP expense	111,615	72,697
Stock compensation expense	57,701	59,116
Amortization of deferred loan origination costs, net	369,661	345,516
Amortization of premiums and discounts	8,641	12,114
Gain on sale of loans	(595,439)	(564,680)
(Gain)/Loss on sale of foreclosed assets	(4,579)	11,008
Loss on disposal of premises and equipment		50,293
Provision for loan losses	382,703	159,368
Deferred taxes	(67,456)	244,109
Loans originated for sale	(23,044,937)	(21,413,781)
Proceeds from sale of loans	23,355,172	18,410,861
Loss on investment in partnership	34,859	28,500
Changes in:
Accrued interest receivable	(85,835)	(82,064)
Other assets	(50,217)	(12,260)
Accrued interest payable and other liabilities	202,857	170,328
Net cash provided/(used) in operating activities	1,776,981	(1,511,467)
Cash Flows from Investing Activities:
Net change in loans	(23,303,567)	(9,731,377)
Proceeds from sale of foreclosed assets, net	243,226	115,500
Proceeds from maturity of time deposits with financial institutions		500,000
Securities available-for-sale:
Proceeds from calls and principal repayments	175,728	153,027
Purchases	(985,400)	(469,253)
Securities held-to-maturity:
Proceeds from calls and principal repayments	35,374	2,481,550
Purchase of premises and equipment	(439,626)	(98,393)
Net cash used in investing activities	(24,274,265)	(7,048,946)
Cash Flows from Financing Activities:
Net change in deposits	15,926,015	21,804,620
Proceeds from Federal Home Loan Bank borrowings	2,620,000
Repayments of Federal Home Loan Bank borrowings	(2,620,000)
Net change in advance payments from borrowers for taxes and insurance	58,380	50,738
Stock Buyback	(1,027,463)
Purchase of ESOP Shares		(951,912)
Expenses and return of proceeds in advance of offering		(2,555,176)
Net cash provided by financing activities	14,956,932	18,348,270
Increase/(Decrease) in cash and cash equivalents	(7,540,352)	9,787,857
Cash and Cash Equivalents:
Beginning	14,947,296	21,512,653
Ending	7,406,944	31,300,510
Supplemental Cash Flow Information:
Interest paid on deposits and borrowings	816,262	768,607
Income taxes paid	$ 162,879	$ 145,156

Basis of Presentation

Basis of Presentation	9 Months Ended
	Mar. 31, 2017
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	9 Months Ended
	Mar. 31, 2017
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	9 Months Ended
	Mar. 31, 2017
New Accounting Pronouncements
New Accounting Pronouncements	Note 3. In May 2014, the FASB issued Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2014-09, Revenue from Contracts with Customers. ASU 2014-09 is intended to provide robust framework for addressing revenue recognitition guidance related to contractual rights and obligations. ASU 2014-09 is effective for annual periods beginning after December 15, 2017 and is not expected to have a material impact on the Company’s condoliated financial statements. In 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. In January 2017, the FASB issued ASU 2017-04, Intangibles – Goodwill and Other. The purposes of this Update is to simplify how an entity is required to test goodwill for impairment. The Company does not expect this ASU to have a material impact on the Company’s consolidated financial statements. In February 2017, the FASB issued ASU 2017-05 Other Income – Gains and Losses from the Derecognition of Nonfinancial Assets. The purpose of this Update is to clarify the scope for recognizing gains and losses from the transfer of nonfinancial assets in contracts with noncustomers and add guidance for partial sales of nonfinancing assets. The Company does not expect this ASU to have a material impact on the Company’s consolidated financial statements. In March 2017, the FASB issues ASU 2017-08 Receivables – Nonrefundable Fees and Other Costs. The purpose of this Update is to shorten the amortization period of certain callable debt securities held at a premium. The Company does not expect this ASU to have a material impact on the Company’s consolidated financial statements.

Securities

Securities	9 Months Ended
	Mar. 31, 2017
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 March 31, 2017 Cost Gains Losses Fair Value U.S. Government-sponsored agencies securities $ 986,306 $ — $ (27,274) $ 959,032 Residential mortgage-backed securities 475,031 — (347) 474,684 $ 1,461,337 $ — $ (27,621) $ 1,433,716 Gross Gross Amortized Unrealized Unrealized June 30, 2016 Cost Gains Losses Fair Value Residential mortgage-backed securities $ 658,579 $ 6,176 $ — $ 664,755 The carrying amount, unrecognized gross gains and losses, and fair value of securities held-to-maturity are as follows: Gross Gross Amortized Unrealized Unrealized March 31, 2017 Cost Gains Losses Fair Value Residential mortgage-backed securities $ 144,501 $ 11,208 $ — $ 155,709 Municipal securities 600,139 — (155) 599,984 $ 744,640 $ 11,208 $ (155) $ 755,693 Gross Gross Amortized Unrealized Unrealized June 30, 2016 Cost Gains Losses Fair Value Residential mortgage-backed securities $ 180,035 $ 15,281 $ — $ 195,316 Municipal securities 601,705 4,093 — 605,798 $ 781,740 $ 19,374 $ — $ 801,114 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 March 31, 2017 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 nine months ended March 31, 2017 and 2016. The duration of gross unrealized losses is not disclosed as such amounts are immaterial to the consolidated financial statements. The Company has not recognized other-than-temporary impairment on any securities for the nine months ended March 31, 2017 and 2016.

Loans

Loans	9 Months Ended
	Mar. 31, 2017
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: March 31, 2017 June 30, 2016 Commercial: Operating $ 16,904,455 $ 15,355,676 Real estate 78,315,059 67,698,929 Agricultural: Operating 22,612,056 22,942,560 Real estate 30,037,940 24,965,541 Residential real estate: 1-4 family 41,636,099 40,309,797 Home equity 11,171,511 12,644,624 Other: Construction and land 19,161,346 13,210,393 Consumer 3,808,313 3,566,917 Total loans 223,646,779 200,694,437 Deferred loan origination costs, net 597,880 562,483 Allowance for loan losses (3,300,000) (2,947,000) (2,702,120) (2,384,517) Loans, net $ 220,944,659 $ 198,309,920 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 March 31, 2017 Balance, beginning $ 1,468,000 $ 848,000 $ 635,000 $ 287,000 $ 3,238,000 Provision charged to expense 53,020 (9,000) (19,838) 36,648 60,830 Recoveries 980 — 932 1,402 3,314 Loans charged off — — (94) (2,050) (2,144) Balance, ending $ 1,522,000 $ 839,000 $ 616,000 $ 323,000 $ 3,300,000 Residential Commercial Agricultural Real Estate Other Total For the three months ended March 31, 2016 Balance, beginning $ 1,225,000 $ 748,000 $ 672,000 $ 172,000 $ 2,817,000 Provision charged to expense (14,121) 12,000 (7,675) 11,819 2,023 Recoveries 1,121 — 675 1,058 2,854 Loans charged off — — — (8,877) (8,877) Balance, ending $ 1,212,000 $ 760,000 $ 665,000 $ 176,000 $ 2,813,000 Residential Commercial Agricultural Real Estate Other Total For the nine months ended March 31, 2017 Balance, beginning $ 1,337,000 $ 738,000 $ 655,000 $ 217,000 $ 2,947,000 Provision charged to expense 209,331 101,000 (40,812) 113,184 382,703 Recoveries 23,536 — 2,000 2,604 28,140 Loans charged off (47,867) — (188) (9,788) (57,843) Balance, ending $ 1,522,000 839,000 616,000 323,000 $ 3,300,000 Residential Commercial Agricultural Real Estate Other Total For the nine months ended March 31, 2016 Balance, beginning $ 1,124,000 $ 697,000 $ 644,000 $ 118,000 $ 2,583,000 Provision charged to expense 13,433 63,000 19,641 63,294 159,368 Recoveries 75,831 — 1,359 5,452 82,642 Loans charged off (1,264) — — (10,746) (12,010) Balance, ending $ 1,212,000 $ 760,000 $ 665,000 $ 176,000 $ 2,813,000 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 March 31, 2017 Allowance for loans individually evaluated for impairment $ 10,884 $ 21,191 $ 26,354 $ 1,343 $ 59,772 Allowance for loans collectively evaluated for impairment 1,511,116 817,809 589,646 321,657 3,240,228 $ 1,522,000 $ 839,000 $ 616,000 $ 323,000 $ 3,300,000 Loans individually evaluated for impairment $ 950,007 $ 904,768 $ 3,415,882 $ 23,418 $ 5,294,075 Loans collectively evaluated for impairment 94,269,507 51,745,228 49,391,728 22,946,241 218,352,704 $ 95,219,514 $ 52,649,996 $ 52,807,610 $ 22,969,659 $ 223,646,779 Residential Commercial Agricultural Real Estate Other Total June 30, 2016 Allowance for loans individually evaluated for impairment $ 34,975 $ — $ 17,828 $ — $ 52,803 Allowance for loans collectively evaluated for impairment 1,302,025 738,000 637,172 217,000 2,894,197 $ 1,337,000 $ 738,000 $ 655,000 $ 217,000 $ 2,947,000 Loans individually evaluated for impairment $ 227,824 $ 885,757 $ 3,726,602 $ 3,194 $ 4,843,377 Loans collectively evaluated for impairment 82,826,781 47,022,344 49,227,819 16,774,116 195,851,060 $ 83,054,605 $ 47,908,101 $ 52,954,421 $ 16,777,310 $ 200,694,437 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 March 31, 2017 Classes of loans: Commercial: Operating $ 16,882,591 $ — $ 21,864 $ — $ 16,904,455 $ 160,590 Real estate 78,234,228 — 42,607 38,224 78,315,059 692,720 Agricultural: Operating 22,605,208 — — 6,848 22,612,056 44,260 Real estate 29,211,431 — — 826,509 30,037,940 841,509 Residential real estate: 1-4 family 41,379,209 23,046 — 233,844 41,636,099 697,559 Home equity 11,153,134 18,377 — — 11,171,511 34,699 Other: Construction and land 19,161,346 — — — 19,161,346 — Consumer 3,803,153 176 4,984 — 3,808,313 23,418 $ 222,430,300 $ 41,599 $ 69,455 $ 1,105,425 $ 223,646,779 $ 2,494,755 > 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 $ 15,256,328 $ 99,348 $ — $ — $ 15,355,676 $ 97,294 Real estate 67,606,842 — — 92,087 67,698,929 92,087 Agricultural: Operating 22,318,246 624,314 — — 22,942,560 6,848 Real estate 24,965,541 — — — 24,965,541 877,909 Residential real estate: 1-4 family 38,428,793 1,823,353 23,736 33,915 40,309,797 688,454 Home equity 12,644,624 — — — 12,644,624 29,807 Other: Construction and land 13,210,393 — — — 13,210,393 — Consumer 3,563,221 1,294 — 2,402 3,566,917 7,248 $ 197,993,988 $ 2,548,309 $ 23,736 $ 128,404 $ 200,694,437 $ 1,799,647 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 March 31, 2017 Internally assigned risk rating: Highest Quality (rating 1) $ — $ — $ 764,263 $ 326,045 $ — $ 1,090,308 Good Quality (rating 2) 200,639 6,739,080 3,816,673 2,953,291 2,870,445 16,580,128 Acceptable Quality (rating 3) 7,400,028 38,337,562 7,551,517 14,801,186 9,429,231 77,519,524 Fair Quality (rating 4) 9,101,485 30,335,575 9,534,145 11,115,909 6,861,670 66,948,784 Special Mention (rating 5) — — 342,234 — — 342,234 Substandard (rating 6) 202,303 2,902,842 603,224 841,509 — 4,549,878 Doubtful (rating 7) — — — — — — Loss (rating 8) — — — — — — $ 16,904,455 $ 78,315,059 $ 22,612,056 $ 30,037,940 $ 19,161,346 $ 167,030,856 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) $ — $ — $ 484,813 $ 348,011 $ — $ 832,824 Good Quality (rating 2) 213,824 4,923,002 5,510,208 6,173,479 1,993,567 18,814,080 Acceptable Quality (rating 3) 7,732,341 33,606,696 5,992,063 9,729,301 6,675,761 63,736,162 Fair Quality (rating 4) 7,294,630 28,578,771 9,604,176 7,836,841 4,541,065 57,855,483 Special Mention (rating 5) — — 829,738 — — 829,738 Substandard (rating 6) 114,881 590,460 521,562 877,909 — 2,104,812 Doubtful (rating 7) — — — — — — Loss (rating 8) — — — — — — $ 15,355,676 $ 67,698,929 $ 22,942,560 $ 24,965,541 $ 13,210,393 $ 144,173,099 Residential RE — Residential RE — Other — 1-4 Family Home Equity Consumer Total March 31, 2017 Delinquency status*: Performing $ 40,915,493 $ 11,134,736 $ 3,779,735 $ 55,829,964 Nonperforming 720,606 36,775 28,578 785,959 $ 41,636,099 $ 11,171,511 $ 3,808,313 $ 56,615,923 Residential RE — Residential RE — Other — 1-4 Family Home Equity Consumer Total June 30, 2016 Delinquency status*: Performing $ 37,832,838 $ 12,614,817 $ 3,558,375 $ 54,006,030 Nonperforming 2,476,959 29,807 8,542 2,515,308 $ 40,309,797 $ 12,644,624 $ 3,566,917 $ 56,521,338 * At March 31, 2017 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 March 31, 2017 Classes of loans: Impaired loans with no specific allowance recorded: Commercial: Operating $ 195,801 $ 193,338 $ — Real estate 656,969 654,496 — Agricultural: Operating 26,426 25,848 — Real estate 409,712 355,452 — Residential real estate: 1-4 family 2,767,870 2,749,483 — Home equity 8,309 8,296 — Other: Consumer 2,152 1,546 — 4,067,239 3,988,459 — Impaired loans with specific allowance recorded: Commercial: Operating 64,522 63,949 2,596 Real estate 48,596 38,224 8,288 Agricultural: Operating 37,804 37,411 2,297 Real estate 518,721 486,057 18,894 Residential real estate: 1-4 family 655,459 641,801 25,768 Home equity 16,440 16,302 586 Other: Consumer 21,923 21,872 1,343 1,363,465 1,305,616 59,772 Total impaired loans: Commercial: Operating 260,323 257,287 2,596 Real estate 705,565 692,720 8,288 Agricultural: Operating 64,230 63,259 2,297 Real estate 928,433 841,509 18,894 Residential real estate: 1-4 family 3,423,329 3,391,284 25,768 Home equity 24,749 24,598 586 Other: Consumer 24,075 23,418 1,343 $ 5,430,704 $ 5,294,075 $ 59,772 Unpaid Recorded Principal Related Investment Balance Allowance June 30, 2016 Classes of loans: Impaired loans with no specific allowance recorded: Commercial: Operating $ 88,902 $ 87,497 $ — Agricultural: Operating 8,009 7,848 — Real estate 925,288 877,909 — Residential real estate: 1-4 family 3,330,310 3,320,028 — Home equity 59,336 59,123 — Other: Consumer 3,756 3,194 — 4,415,601 4,355,599 — Impaired loans with specific allowance recorded: Commercial: Operating 48,302 48,240 4,824 Real estate 114,837 92,087 30,151 Residential real estate: 1-4 family 330,997 329,623 16,913 Home equity 17,882 17,828 915 512,018 487,778 52,803 Total impaired loans: Commercial: Operating 137,204 135,737 4,824 Real estate 114,837 92,087 30,151 Agricultural: Operating 8,009 7,848 — Real estate 925,288 877,909 — Residential real estate: 1-4 family 3,661,307 3,649,651 16,913 Home equity 77,218 76,951 915 Other: Consumer 3,756 3,194 — $ 4,927,619 $ 4,843,377 $ 52,803 Impaired loans, for which no allowance has been provided as of March 31, 2017 and June 30, 2016, have adequate collateral, based on management’s current estimates. For the three months ended March 31, 2017 March 31, 2016 Average Interest Average Interest Recorded Income Recorded Income Investment Recognized Investment Recognized Classes of loans: Impaired loans with no specific allowance recorded: Commercial: Operating $ 192,837 $ 3,125 $ 71,908 $ 585 Real estate 663,799 4,749 187,474 — Agricultural: Operating 16,903 125 7,079 105 Real estate 411,432 — 970,207 1,669 Residential real estate: 1-4 family 2,811,564 35,254 3,624,633 45,273 Home equity 8,520 141 60,648 1,000 Other: Consumer 2,642 24 8,592 134 4,107,697 43,418 4,930,541 48,766 Impaired loans with specific allowance recorded: Commercial: Operating 65,973 906 60,747 705 Real estate 48,321 — 237,966 — Agricultural: Operating 18,902 — 198,658 — Real estate 515,527 230 — — Residential real estate: 1-4 family 661,611 9,955 345,848 4,634 Home equity 17,202 447 19,339 525 Other: Consumer 22,947 378 — — 1,350,483 11,916 862,558 5,864 Total impaired loans: Commercial: Operating 258,810 4,031 132,655 1,290 Real estate 712,120 4,749 425,440 — Agricultural: Operating 35,805 125 205,737 105 Real estate 926,959 230 970,207 1,669 Residential real estate: 1-4 family 3,473,175 45,209 3,970,481 49,907 Home equity 25,722 588 79,987 1,525 Other: Consumer 25,589 402 8,592 134 $ 5,458,180 $ 55,334 $ 5,793,099 $ 54,630 For the nine months ended March 31, 2017 March 31, 2016 Average Interest Average Interest Recorded Income Recorded Income Investment Recognized Investment Recognized Classes of loans: Impaired loans with no specific allowance recorded: Commercial: Operating $ 164,025 $ 7,722 $ 53,766 $ 2,030 Real estate 328,484 7,124 187,636 2,331 Agricultural: Operating 17,218 125 8,380 339 Real estate 425,722 — 856,736 15,902 Residential real estate: 1-4 family 2,733,003 100,579 3,628,569 153,553 Home equity 8,926 450 61,807 3,093 Other: Consumer 3,780 144 9,831 399 3,681,158 116,144 4,806,725 177,647 Impaired loans with specific allowance recorded: Commercial: Operating 60,770 2,028 62,616 2,856 Real estate 47,764 — 234,325 — Agricultural: Operating 37,804 — 203,386 14,843 Real estate 508,658 593 — — Residential real estate: 1-4 family 663,628 18,199 343,496 7,739 Home equity 17,161 835 19,221 1,366 Other: Consumer 23,861 951 — — 1,359,646 22,606 863,044 26,804 Total impaired loans: Commercial: Operating 224,795 9,750 116,382 4,886 Real estate 376,248 7,124 421,961 2,331 Agricultural: Operating 55,022 125 211,766 15,182 Real estate 934,380 593 856,736 15,902 Residential real estate: 1-4 family 3,396,631 118,778 3,972,065 161,292 Home equity 26,087 1,285 81,028 4,459 Other: Consumer 27,641 1,095 9,831 399 $ 5,040,804 $ 138,750 $ 5,669,769 $ 204,451 The Company's troubled debt restructuring as of March 31, 2017 and June 30, 2016 were not material to the consolidated financial statements.

Borrowings

Borrowings	9 Months Ended
	Mar. 31, 2017
Borrowings
Borrowings	Note 6. Our borrowings consist primarily of advances from Federal Home Loan Bank of Topeka. At March 31, 2017, we had access to Federal Home Loan Bank advances up to $39.5 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 March 31, 2017. At and during the period ended March 31, 2016 there were no advances outstanding. At or For the Nine Months Ended March 31, 2017 (Dollars in thousands) Federal Home Loan Bank Advances: Maximum outstanding at any month end $ 300,000 Balance at the end of period — Average balance during period 575,000 Weighted average interest rate at the end of period 0.75 % Weighted average interest rate during period 0.75 %

Regulatory Matters

Regulatory Matters	9 Months Ended
	Mar. 31, 2017
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 March 31, 2017, that the Bank meets all capital adequacy requirements to which it is subject. Actual capital levels and minimum required levels for the Bank were: Minimum Required to Be Well Capitalized Minimum Required for Under Prompt Capital Adequacy Corrective Action Purposes Provisions (Dollars in thousands) Amount Ratio Amount Ratio Amount Ratio March 31, 2017 Total capital (to risk-weighted assets) $ 30,362 13.8 % $ 17,563 8.0 % $ 21,954 10.0 % Common equity Tier 1 capital (to risk-weighted assets) 27,610 12.6 % 9,879 4.5 % 14,270 6.5 % Tier 1 (core) capital (to risk-weighted assets) 27,610 12.6 % 13,172 6.0 % 17,563 8.0 % Tier 1 (core) capital (to adjusted total assets) 27,610 11.8 % 9,322 4.0 % 11,653 5.0 % June 30, 2016 Total capital (to risk-weighted assets) $ 28,977 14.7 % $ 15,805 8.0 % $ 19,757 10.0 % Common equity Tier 1 capital (to risk-weighted 26,500 13.4 % 8,891 4.5 % 12,842 6.5 % Tier 1 (core) capital (to risk-weighted assets) 26,500 13.4 % 11,854 6.0 % 15,805 8.0 % Tier 1 (core) capital (to adjusted total assets) 26,500 11.6 % 9,114 4.0 % 11,393 5.0 % Federal regulations require the Bank to comply with a Qualified Thrift Lender (“QTL”) test, which requires that 65% of assets be maintained in housing-related finance and other specified assets. If the QTL test is not met, limits are placed on growth, branching, new investment, FHLB advances, and dividends or the institution must convert to a commercial bank charter. Management believes the QTL test has been met. In July 2013, the Federal Reserve Board and the Federal Deposit Insurance Corporation issued final rules implementing the Basel III regulatory capital framework and related Dodd-Frank Wall Street Reform and Consumer Protection Act changes. The rules revised minimum capital requirements and adjusted prompt corrective action thresholds. The final rules revised the regulatory capital elements, added a new common equity Tier 1 capital ratio, increased the minimum Tier 1 capital ratio requirement, and implemented a new capital conservation buffer. The rules also permitted certain banking organizations to retain, through a one-time election, the existing treatment for accumulated other comprehensive income. 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	9 Months Ended
	Mar. 31, 2017
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 $88,548 and $71,366 for the nine months ended March 31, 2017 and 2016. 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 $111,615 and $72,697 for the nine months ended March 31, 2017 and 2016, respectively. Shares held by the ESOP were as follows: March 31, 2017 June 30, 2016 Allocated shares 70,230 71,803 Shares allocated to be released 19,826 7,932 Unearned ESOP shares 138,806 150,700 Total ESOP shares 228,862 230,435 Fair value of unearned ESOP shares $ 1,422,762 $ 1,252,317 Fair value of allocated shares subject to repurchase obligation $ 681,820 $ 564,723 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 March 31, 2017 158,653 stock options and 63,461 stock awards were 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 43,094 $ 4.02 Conversion for stock offering 3,907 — Granted 4,900 8.53 Vested (6,297) 4.93 Non-vested at March 31, 2016 45,604 $ 4.02 Non-vested at July 1, 2016 39,281 $ 4.32 Granted 63,461 9.90 Vested (7,294) 5.40 Non-vested at March 31, 2017 95,448 $ 6.97

Earnings per Share

Earnings per Share	9 Months Ended
	Mar. 31, 2017
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 nine months ended March 31, 2017 and 2016: For the three months ended For the nine months ended March 31, March 31, 2017 2016 2017 2016 Weighted average common shares outstanding 3,284,630 3,285,020 3,289,170 3,260,513 Net income available to common stockholders $ 275,346 $ 242,494 $ 849,868 $ 739,596 Basic earnings per share $ 0.08 $ 0.07 $ 0.26 $ 0.23 The following table presents a reconciliation of the components used to compute diluted earnings per share for the nine months ended March 31, 2017 and 2016: For the three months ended For the nine months ended March 31, March 31, 2017 2016 2017 2016 Weighted average common shares outstanding 3,284,630 3,285,020 3,289,170 3,260,513 Weighted average of net additional shares from restricted stock awards 53,546 25,927 48,058 25,834 Weighted average number of shares outstanding 3,338,176 3,310,947 3,337,228 3,286,347 Net income available to common stockholders $ 275,346 $ 242,494 $ 849,868 $ 739,596 Diluted earnings per share $ 0.08 $ 0.07 $ 0.25 $ 0.23

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Mar. 31, 2017
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 nine months ended March 31, 2017, nor were there any changes in valuation techniques used for assets or liabilities measured at fair value at March 31, 2017. Assets and liabilities recorded at fair value on a recurring basis : A description of the valuation methodologies used for assets and liabilities measured at fair value on a recurring basis, as well as the general classification of such instruments pursuant to the valuation hierarchy, is set forth below: Securities Available-for-Sale — Where quoted prices are available in an active market, securities are classified within Level 1 of the valuation hierarchy. Level 1 securities would include highly liquid government bonds and exchange traded equities. If quoted market prices are not available, then fair values are estimated by using pricing models, quoted prices of securities with similar characteristics, or discounted cash flow. Level 2 securities would include U.S. agency securities, mortgage-backed agency securities, obligations of states and political subdivisions and certain corporate, asset backed and other securities. In certain cases where there is limited activity or less transparency around inputs to the valuation, securities are classified within Level 3 of the valuation hierarchy. The following tables summarize assets and liabilities measured at fair value on a recurring basis as of March 31, 2017 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 March 31, 2017 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 $ 1,433,716 $ — $ 1,433,716 $ — 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 $ 664,755 $ — $ 664,755 $ — 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 March 31, 2017 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 March 31, 2017 and 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 March 31, 2017 and 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 March 31, 2017 Hierarchy Level Amount Fair Value Financial assets: Cash and due from financial institutions Level 1 $ 7,406,944 $ 7,407,000 Securities available-for-sale See previous table 1,433,716 1,434,000 Securities held-to-maturity Level 2 744,640 756,000 Federal Home Loan Bank stock Level 1 231,700 232,000 Loans, net Level 2 220,944,659 217,926,000 Accrued interest receivable Level 1 1,233,302 1,233,000 Financial liabilities: Noninterest-bearing deposits Level 2 28,414,452 28,414,000 Interest-bearing deposits Level 2 174,473,915 178,969,000 Accrued interest payable and other liabilities Level 1 1,416,707 1,417,000 Fair Value Carrying Estimated June 30, 2016 Hierarchy Level Amount Fair Value Financial assets: Cash and due from financial institutions Level 1 $ 14,947,296 $ 14,947,000 Securities available-for-sale See previous table 664,755 665,000 Securities held-to-maturity Level 2 781,740 801,000 Federal Home Loan Bank stock Level 1 229,900 230,000 Loans, net Level 2 198,309,920 198,000,000 Accrued interest receivable Level 1 1,147,467 1,147,000 Financial liabilities: Noninterest-bearing deposits Level 2 24,296,166 24,296,000 Interest-bearing deposits Level 2 162,666,186 170,276,000 Accrued interest payable and other liabilities Level 1 1,198,850 1,199,000

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income/(Loss)	9 Months Ended
	Mar. 31, 2017
Accumulated Other Comprehensive Income/(Loss)
Accumulated Other Comprehensive Income/(Loss)	Note 11. Accumulated other comprehensive income components were as follows: March 31, 2017 June 30, 2016 Unrealized holding gains/(losses) on securities available-for-sale $ (27,621) $ 6,176 Tax expense 9,391 (2,100) $ (18,230) $ 4,076

Income Taxes

Income Taxes	9 Months Ended
	Mar. 31, 2017
Income Taxes
Income Taxes	Note 12. Three months ended March 31, 2017 March 31, 2016 Provision computed at the statutory federal tax rate $ (140,748) $ (135,148) State income taxes, net of federal tax (11,264) (11,125) Release of unearned EOSP shares and stock awards (1,834) 1,905 Nondeductible expenses (2,161) (1,522) Other 17,387 (9,111) $ (138,620) $ (155,001) Nine months ended March 31, 2017 March 31, 2016 Provision computed at the statutory federal tax rate $ (455,147) $ (370,472) State income taxes, net of federal tax (39,019) (35,837) Release of unearned EOSP shares and stock awards 3,713 10,388 Nondeductible expenses (5,875) (5,724) Valuation allowance adjustment — 79,000 Other 7,527 (27,383) $ (488,801) $ (350,028)

Stock Buyback

Stock Buyback	9 Months Ended
	Mar. 31, 2017
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 108,655 shares of the Company’s common stock repurchased by the Company during the nine months ended March 31, 2017, and there were 65,202 shares yet to be repurchased under the plan as of March 31, 2017. The following table provides information regarding the Company’s purchase of its common stock during the nine months ended March 31, 2017: 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 — $ — — 173,857 11/1/16 - 11/30/16 60,000 9.07 60,000 113,857 12/1/16 - 12/31/16 26,455 9.57 86,455 87,402 01/1/17 - 01/31/17 — — 86,455 87,402 02/1/17 - 02/28/17 — — 86,455 87,402 03/1/17 - 03/31/17 22,200 10.25 108,655 65,202 Total 108,655 $ 9.43

Securities (Tables)

Securities (Tables)	9 Months Ended
	Mar. 31, 2017
Securities
Schedule of securities available-for-sale	Gross Gross Amortized Unrealized Unrealized March 31, 2017 Cost Gains Losses Fair Value U.S. Government-sponsored agencies securities $ 986,306 $ — $ (27,274) $ 959,032 Residential mortgage-backed securities 475,031 — (347) 474,684 $ 1,461,337 $ — $ (27,621) $ 1,433,716 Gross Gross Amortized Unrealized Unrealized June 30, 2016 Cost Gains Losses Fair Value Residential mortgage-backed securities $ 658,579 $ 6,176 $ — $ 664,755
Schedule of securities held-to-maturity	Gross Gross Amortized Unrealized Unrealized March 31, 2017 Cost Gains Losses Fair Value Residential mortgage-backed securities $ 144,501 $ 11,208 $ — $ 155,709 Municipal securities 600,139 — (155) 599,984 $ 744,640 $ 11,208 $ (155) $ 755,693 Gross Gross Amortized Unrealized Unrealized June 30, 2016 Cost Gains Losses Fair Value Residential mortgage-backed securities $ 180,035 $ 15,281 $ — $ 195,316 Municipal securities 601,705 4,093 — 605,798 $ 781,740 $ 19,374 $ — $ 801,114

Loans (Tables)

Loans (Tables)	9 Months Ended
	Mar. 31, 2017
Loans
Summary of loans	March 31, 2017 June 30, 2016 Commercial: Operating $ 16,904,455 $ 15,355,676 Real estate 78,315,059 67,698,929 Agricultural: Operating 22,612,056 22,942,560 Real estate 30,037,940 24,965,541 Residential real estate: 1-4 family 41,636,099 40,309,797 Home equity 11,171,511 12,644,624 Other: Construction and land 19,161,346 13,210,393 Consumer 3,808,313 3,566,917 Total loans 223,646,779 200,694,437 Deferred loan origination costs, net 597,880 562,483 Allowance for loan losses (3,300,000) (2,947,000) (2,702,120) (2,384,517) Loans, net $ 220,944,659 $ 198,309,920
Summary of changes in the allowance for loan losses by portfolio segment	Residential Commercial Agricultural Real Estate Other Total For the three months ended March 31, 2017 Balance, beginning $ 1,468,000 $ 848,000 $ 635,000 $ 287,000 $ 3,238,000 Provision charged to expense 53,020 (9,000) (19,838) 36,648 60,830 Recoveries 980 — 932 1,402 3,314 Loans charged off — — (94) (2,050) (2,144) Balance, ending $ 1,522,000 $ 839,000 $ 616,000 $ 323,000 $ 3,300,000 Residential Commercial Agricultural Real Estate Other Total For the three months ended March 31, 2016 Balance, beginning $ 1,225,000 $ 748,000 $ 672,000 $ 172,000 $ 2,817,000 Provision charged to expense (14,121) 12,000 (7,675) 11,819 2,023 Recoveries 1,121 — 675 1,058 2,854 Loans charged off — — — (8,877) (8,877) Balance, ending $ 1,212,000 $ 760,000 $ 665,000 $ 176,000 $ 2,813,000 Residential Commercial Agricultural Real Estate Other Total For the nine months ended March 31, 2017 Balance, beginning $ 1,337,000 $ 738,000 $ 655,000 $ 217,000 $ 2,947,000 Provision charged to expense 209,331 101,000 (40,812) 113,184 382,703 Recoveries 23,536 — 2,000 2,604 28,140 Loans charged off (47,867) — (188) (9,788) (57,843) Balance, ending $ 1,522,000 839,000 616,000 323,000 $ 3,300,000 Residential Commercial Agricultural Real Estate Other Total For the nine months ended March 31, 2016 Balance, beginning $ 1,124,000 $ 697,000 $ 644,000 $ 118,000 $ 2,583,000 Provision charged to expense 13,433 63,000 19,641 63,294 159,368 Recoveries 75,831 — 1,359 5,452 82,642 Loans charged off (1,264) — — (10,746) (12,010) Balance, ending $ 1,212,000 $ 760,000 $ 665,000 $ 176,000 $ 2,813,000
Summary of allowance for loan losses by impairment evaluation and portfolio segment	Residential Commercial Agricultural Real Estate Other Total March 31, 2017 Allowance for loans individually evaluated for impairment $ 10,884 $ 21,191 $ 26,354 $ 1,343 $ 59,772 Allowance for loans collectively evaluated for impairment 1,511,116 817,809 589,646 321,657 3,240,228 $ 1,522,000 $ 839,000 $ 616,000 $ 323,000 $ 3,300,000 Loans individually evaluated for impairment $ 950,007 $ 904,768 $ 3,415,882 $ 23,418 $ 5,294,075 Loans collectively evaluated for impairment 94,269,507 51,745,228 49,391,728 22,946,241 218,352,704 $ 95,219,514 $ 52,649,996 $ 52,807,610 $ 22,969,659 $ 223,646,779 Residential Commercial Agricultural Real Estate Other Total June 30, 2016 Allowance for loans individually evaluated for impairment $ 34,975 $ — $ 17,828 $ — $ 52,803 Allowance for loans collectively evaluated for impairment 1,302,025 738,000 637,172 217,000 2,894,197 $ 1,337,000 $ 738,000 $ 655,000 $ 217,000 $ 2,947,000 Loans individually evaluated for impairment $ 227,824 $ 885,757 $ 3,726,602 $ 3,194 $ 4,843,377 Loans collectively evaluated for impairment 82,826,781 47,022,344 49,227,819 16,774,116 195,851,060 $ 83,054,605 $ 47,908,101 $ 52,954,421 $ 16,777,310 $ 200,694,437
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 March 31, 2017 Classes of loans: Commercial: Operating $ 16,882,591 $ — $ 21,864 $ — $ 16,904,455 $ 160,590 Real estate 78,234,228 — 42,607 38,224 78,315,059 692,720 Agricultural: Operating 22,605,208 — — 6,848 22,612,056 44,260 Real estate 29,211,431 — — 826,509 30,037,940 841,509 Residential real estate: 1-4 family 41,379,209 23,046 — 233,844 41,636,099 697,559 Home equity 11,153,134 18,377 — — 11,171,511 34,699 Other: Construction and land 19,161,346 — — — 19,161,346 — Consumer 3,803,153 176 4,984 — 3,808,313 23,418 $ 222,430,300 $ 41,599 $ 69,455 $ 1,105,425 $ 223,646,779 $ 2,494,755 > 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 $ 15,256,328 $ 99,348 $ — $ — $ 15,355,676 $ 97,294 Real estate 67,606,842 — — 92,087 67,698,929 92,087 Agricultural: Operating 22,318,246 624,314 — — 22,942,560 6,848 Real estate 24,965,541 — — — 24,965,541 877,909 Residential real estate: 1-4 family 38,428,793 1,823,353 23,736 33,915 40,309,797 688,454 Home equity 12,644,624 — — — 12,644,624 29,807 Other: Construction and land 13,210,393 — — — 13,210,393 — Consumer 3,563,221 1,294 — 2,402 3,566,917 7,248 $ 197,993,988 $ 2,548,309 $ 23,736 $ 128,404 $ 200,694,437 $ 1,799,647
Summary of unpaid principal balance by credit quality indicator	Other — Commercial — Commercial — Agricultural — Agricultural — Construction Operating Real Estate Operating Real Estate and Land Total March 31, 2017 Internally assigned risk rating: Highest Quality (rating 1) $ — $ — $ 764,263 $ 326,045 $ — $ 1,090,308 Good Quality (rating 2) 200,639 6,739,080 3,816,673 2,953,291 2,870,445 16,580,128 Acceptable Quality (rating 3) 7,400,028 38,337,562 7,551,517 14,801,186 9,429,231 77,519,524 Fair Quality (rating 4) 9,101,485 30,335,575 9,534,145 11,115,909 6,861,670 66,948,784 Special Mention (rating 5) — — 342,234 — — 342,234 Substandard (rating 6) 202,303 2,902,842 603,224 841,509 — 4,549,878 Doubtful (rating 7) — — — — — — Loss (rating 8) — — — — — — $ 16,904,455 $ 78,315,059 $ 22,612,056 $ 30,037,940 $ 19,161,346 $ 167,030,856 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) $ — $ — $ 484,813 $ 348,011 $ — $ 832,824 Good Quality (rating 2) 213,824 4,923,002 5,510,208 6,173,479 1,993,567 18,814,080 Acceptable Quality (rating 3) 7,732,341 33,606,696 5,992,063 9,729,301 6,675,761 63,736,162 Fair Quality (rating 4) 7,294,630 28,578,771 9,604,176 7,836,841 4,541,065 57,855,483 Special Mention (rating 5) — — 829,738 — — 829,738 Substandard (rating 6) 114,881 590,460 521,562 877,909 — 2,104,812 Doubtful (rating 7) — — — — — — Loss (rating 8) — — — — — — $ 15,355,676 $ 67,698,929 $ 22,942,560 $ 24,965,541 $ 13,210,393 $ 144,173,099 Residential RE — Residential RE — Other — 1-4 Family Home Equity Consumer Total March 31, 2017 Delinquency status*: Performing $ 40,915,493 $ 11,134,736 $ 3,779,735 $ 55,829,964 Nonperforming 720,606 36,775 28,578 785,959 $ 41,636,099 $ 11,171,511 $ 3,808,313 $ 56,615,923 Residential RE — Residential RE — Other — 1-4 Family Home Equity Consumer Total June 30, 2016 Delinquency status*: Performing $ 37,832,838 $ 12,614,817 $ 3,558,375 $ 54,006,030 Nonperforming 2,476,959 29,807 8,542 2,515,308 $ 40,309,797 $ 12,644,624 $ 3,566,917 $ 56,521,338
Summary of loans, by classes of loans, considered to be impaired	Unpaid Recorded Principal Related Investment Balance Allowance March 31, 2017 Classes of loans: Impaired loans with no specific allowance recorded: Commercial: Operating $ 195,801 $ 193,338 $ — Real estate 656,969 654,496 — Agricultural: Operating 26,426 25,848 — Real estate 409,712 355,452 — Residential real estate: 1-4 family 2,767,870 2,749,483 — Home equity 8,309 8,296 — Other: Consumer 2,152 1,546 — 4,067,239 3,988,459 — Impaired loans with specific allowance recorded: Commercial: Operating 64,522 63,949 2,596 Real estate 48,596 38,224 8,288 Agricultural: Operating 37,804 37,411 2,297 Real estate 518,721 486,057 18,894 Residential real estate: 1-4 family 655,459 641,801 25,768 Home equity 16,440 16,302 586 Other: Consumer 21,923 21,872 1,343 1,363,465 1,305,616 59,772 Total impaired loans: Commercial: Operating 260,323 257,287 2,596 Real estate 705,565 692,720 8,288 Agricultural: Operating 64,230 63,259 2,297 Real estate 928,433 841,509 18,894 Residential real estate: 1-4 family 3,423,329 3,391,284 25,768 Home equity 24,749 24,598 586 Other: Consumer 24,075 23,418 1,343 $ 5,430,704 $ 5,294,075 $ 59,772 Unpaid Recorded Principal Related Investment Balance Allowance June 30, 2016 Classes of loans: Impaired loans with no specific allowance recorded: Commercial: Operating $ 88,902 $ 87,497 $ — Agricultural: Operating 8,009 7,848 — Real estate 925,288 877,909 — Residential real estate: 1-4 family 3,330,310 3,320,028 — Home equity 59,336 59,123 — Other: Consumer 3,756 3,194 — 4,415,601 4,355,599 — Impaired loans with specific allowance recorded: Commercial: Operating 48,302 48,240 4,824 Real estate 114,837 92,087 30,151 Residential real estate: 1-4 family 330,997 329,623 16,913 Home equity 17,882 17,828 915 512,018 487,778 52,803 Total impaired loans: Commercial: Operating 137,204 135,737 4,824 Real estate 114,837 92,087 30,151 Agricultural: Operating 8,009 7,848 — Real estate 925,288 877,909 — Residential real estate: 1-4 family 3,661,307 3,649,651 16,913 Home equity 77,218 76,951 915 Other: Consumer 3,756 3,194 — $ 4,927,619 $ 4,843,377 $ 52,803 Impaired loans, for which no allowance has been provided as of March 31, 2017 and June 30, 2016, have adequate collateral, based on management’s current estimates. For the three months ended March 31, 2017 March 31, 2016 Average Interest Average Interest Recorded Income Recorded Income Investment Recognized Investment Recognized Classes of loans: Impaired loans with no specific allowance recorded: Commercial: Operating $ 192,837 $ 3,125 $ 71,908 $ 585 Real estate 663,799 4,749 187,474 — Agricultural: Operating 16,903 125 7,079 105 Real estate 411,432 — 970,207 1,669 Residential real estate: 1-4 family 2,811,564 35,254 3,624,633 45,273 Home equity 8,520 141 60,648 1,000 Other: Consumer 2,642 24 8,592 134 4,107,697 43,418 4,930,541 48,766 Impaired loans with specific allowance recorded: Commercial: Operating 65,973 906 60,747 705 Real estate 48,321 — 237,966 — Agricultural: Operating 18,902 — 198,658 — Real estate 515,527 230 — — Residential real estate: 1-4 family 661,611 9,955 345,848 4,634 Home equity 17,202 447 19,339 525 Other: Consumer 22,947 378 — — 1,350,483 11,916 862,558 5,864 Total impaired loans: Commercial: Operating 258,810 4,031 132,655 1,290 Real estate 712,120 4,749 425,440 — Agricultural: Operating 35,805 125 205,737 105 Real estate 926,959 230 970,207 1,669 Residential real estate: 1-4 family 3,473,175 45,209 3,970,481 49,907 Home equity 25,722 588 79,987 1,525 Other: Consumer 25,589 402 8,592 134 $ 5,458,180 $ 55,334 $ 5,793,099 $ 54,630 For the nine months ended March 31, 2017 March 31, 2016 Average Interest Average Interest Recorded Income Recorded Income Investment Recognized Investment Recognized Classes of loans: Impaired loans with no specific allowance recorded: Commercial: Operating $ 164,025 $ 7,722 $ 53,766 $ 2,030 Real estate 328,484 7,124 187,636 2,331 Agricultural: Operating 17,218 125 8,380 339 Real estate 425,722 — 856,736 15,902 Residential real estate: 1-4 family 2,733,003 100,579 3,628,569 153,553 Home equity 8,926 450 61,807 3,093 Other: Consumer 3,780 144 9,831 399 3,681,158 116,144 4,806,725 177,647 Impaired loans with specific allowance recorded: Commercial: Operating 60,770 2,028 62,616 2,856 Real estate 47,764 — 234,325 — Agricultural: Operating 37,804 — 203,386 14,843 Real estate 508,658 593 — — Residential real estate: 1-4 family 663,628 18,199 343,496 7,739 Home equity 17,161 835 19,221 1,366 Other: Consumer 23,861 951 — — 1,359,646 22,606 863,044 26,804 Total impaired loans: Commercial: Operating 224,795 9,750 116,382 4,886 Real estate 376,248 7,124 421,961 2,331 Agricultural: Operating 55,022 125 211,766 15,182 Real estate 934,380 593 856,736 15,902 Residential real estate: 1-4 family 3,396,631 118,778 3,972,065 161,292 Home equity 26,087 1,285 81,028 4,459 Other: Consumer 27,641 1,095 9,831 399 $ 5,040,804 $ 138,750 $ 5,669,769 $ 204,451

Borrowings (Tables)

Borrowings (Tables)	9 Months Ended
	Mar. 31, 2017
Borrowings
Schedule of balances and interest rates of advances	At or For the Nine Months Ended March 31, 2017 (Dollars in thousands) Federal Home Loan Bank Advances: Maximum outstanding at any month end $ 300,000 Balance at the end of period — Average balance during period 575,000 Weighted average interest rate at the end of period 0.75 % Weighted average interest rate during period 0.75 %

Regulatory Matters (Tables)

Regulatory Matters (Tables)	9 Months Ended
	Mar. 31, 2017
Regulatory Matters
Summary of bank's actual capital levels and minimum required levels	Minimum Required to Be Well Capitalized Minimum Required for Under Prompt Capital Adequacy Corrective Action Purposes Provisions (Dollars in thousands) Amount Ratio Amount Ratio Amount Ratio March 31, 2017 Total capital (to risk-weighted assets) $ 30,362 13.8 % $ 17,563 8.0 % $ 21,954 10.0 % Common equity Tier 1 capital (to risk-weighted assets) 27,610 12.6 % 9,879 4.5 % 14,270 6.5 % Tier 1 (core) capital (to risk-weighted assets) 27,610 12.6 % 13,172 6.0 % 17,563 8.0 % Tier 1 (core) capital (to adjusted total assets) 27,610 11.8 % 9,322 4.0 % 11,653 5.0 % June 30, 2016 Total capital (to risk-weighted assets) $ 28,977 14.7 % $ 15,805 8.0 % $ 19,757 10.0 % Common equity Tier 1 capital (to risk-weighted 26,500 13.4 % 8,891 4.5 % 12,842 6.5 % Tier 1 (core) capital (to risk-weighted assets) 26,500 13.4 % 11,854 6.0 % 15,805 8.0 % Tier 1 (core) capital (to adjusted total assets) 26,500 11.6 % 9,114 4.0 % 11,393 5.0 %

Employee Benefit Plan (Tables)

Employee Benefit Plan (Tables)	9 Months Ended
	Mar. 31, 2017
Employee Benefit Plan
Summary of ESOP shares	March 31, 2017 June 30, 2016 Allocated shares 70,230 71,803 Shares allocated to be released 19,826 7,932 Unearned ESOP shares 138,806 150,700 Total ESOP shares 228,862 230,435 Fair value of unearned ESOP shares $ 1,422,762 $ 1,252,317 Fair value of allocated shares subject to repurchase obligation $ 681,820 $ 564,723
Schedule of restricted stock award activity	Service-Based Weighted Stock Grant Date Awards Fair Value Non-vested at July 1, 2015 43,094 $ 4.02 Conversion for stock offering 3,907 — Granted 4,900 8.53 Vested (6,297) 4.93 Non-vested at March 31, 2016 45,604 $ 4.02 Non-vested at July 1, 2016 39,281 $ 4.32 Granted 63,461 9.90 Vested (7,294) 5.40 Non-vested at March 31, 2017 95,448 $ 6.97

Earnings per Share (Tables)

Earnings per Share (Tables)	9 Months Ended
	Mar. 31, 2017
Earnings per Share
Schedule of reconciliation of the components used to compute basic earnings per share	For the three months ended For the nine months ended March 31, March 31, 2017 2016 2017 2016 Weighted average common shares outstanding 3,284,630 3,285,020 3,289,170 3,260,513 Net income available to common stockholders $ 275,346 $ 242,494 $ 849,868 $ 739,596 Basic earnings per share $ 0.08 $ 0.07 $ 0.26 $ 0.23
Schedule of reconciliation of the components used to compute diluted earnings per share	For the three months ended For the nine months ended March 31, March 31, 2017 2016 2017 2016 Weighted average common shares outstanding 3,284,630 3,285,020 3,289,170 3,260,513 Weighted average of net additional shares from restricted stock awards 53,546 25,927 48,058 25,834 Weighted average number of shares outstanding 3,338,176 3,310,947 3,337,228 3,286,347 Net income available to common stockholders $ 275,346 $ 242,494 $ 849,868 $ 739,596 Diluted earnings per share $ 0.08 $ 0.07 $ 0.25 $ 0.23

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Mar. 31, 2017
Fair Value Measurements
Summary of fair value of assets and liabilities measured on a recurring basis	Fair Value Measurement at March 31, 2017 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 $ 1,433,716 $ — $ 1,433,716 $ — 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 $ 664,755 $ — $ 664,755 $ —
Schedule of carrying and estimated fair value of financial instruments	Fair Value Carrying Estimated March 31, 2017 Hierarchy Level Amount Fair Value Financial assets: Cash and due from financial institutions Level 1 $ 7,406,944 $ 7,407,000 Securities available-for-sale See previous table 1,433,716 1,434,000 Securities held-to-maturity Level 2 744,640 756,000 Federal Home Loan Bank stock Level 1 231,700 232,000 Loans, net Level 2 220,944,659 217,926,000 Accrued interest receivable Level 1 1,233,302 1,233,000 Financial liabilities: Noninterest-bearing deposits Level 2 28,414,452 28,414,000 Interest-bearing deposits Level 2 174,473,915 178,969,000 Accrued interest payable and other liabilities Level 1 1,416,707 1,417,000 Fair Value Carrying Estimated June 30, 2016 Hierarchy Level Amount Fair Value Financial assets: Cash and due from financial institutions Level 1 $ 14,947,296 $ 14,947,000 Securities available-for-sale See previous table 664,755 665,000 Securities held-to-maturity Level 2 781,740 801,000 Federal Home Loan Bank stock Level 1 229,900 230,000 Loans, net Level 2 198,309,920 198,000,000 Accrued interest receivable Level 1 1,147,467 1,147,000 Financial liabilities: Noninterest-bearing deposits Level 2 24,296,166 24,296,000 Interest-bearing deposits Level 2 162,666,186 170,276,000 Accrued interest payable and other liabilities Level 1 1,198,850 1,199,000

Accumulated Other Comprehensi29

Accumulated Other Comprehensive Income/(Loss) (Tables)	9 Months Ended
	Mar. 31, 2017
Accumulated Other Comprehensive Income/(Loss)
Schedule of components of accumulated other comprehensive income/(loss)	March 31, 2017 June 30, 2016 Unrealized holding gains/(losses) on securities available-for-sale $ (27,621) $ 6,176 Tax expense 9,391 (2,100) $ (18,230) $ 4,076

Income Taxes (Tables)

Income Taxes (Tables)	9 Months Ended
	Mar. 31, 2017
Income Taxes
Schedule of reconciliation of the provision for income taxes	Three months ended March 31, 2017 March 31, 2016 Provision computed at the statutory federal tax rate $ (140,748) $ (135,148) State income taxes, net of federal tax (11,264) (11,125) Release of unearned EOSP shares and stock awards (1,834) 1,905 Nondeductible expenses (2,161) (1,522) Other 17,387 (9,111) $ (138,620) $ (155,001) Nine months ended March 31, 2017 March 31, 2016 Provision computed at the statutory federal tax rate $ (455,147) $ (370,472) State income taxes, net of federal tax (39,019) (35,837) Release of unearned EOSP shares and stock awards 3,713 10,388 Nondeductible expenses (5,875) (5,724) Valuation allowance adjustment — 79,000 Other 7,527 (27,383) $ (488,801) $ (350,028)

Stock Buyback (Tables)

Stock Buyback (Tables)	9 Months Ended
	Mar. 31, 2017
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 — $ — — 173,857 11/1/16 - 11/30/16 60,000 9.07 60,000 113,857 12/1/16 - 12/31/16 26,455 9.57 86,455 87,402 01/1/17 - 01/31/17 — — 86,455 87,402 02/1/17 - 02/28/17 — — 86,455 87,402 03/1/17 - 03/31/17 22,200 10.25 108,655 65,202 Total 108,655 $ 9.43

Stock Conversion (Details)

Stock Conversion (Details) - $ / shares	Jul. 08, 2015	Mar. 31, 2017	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
Equitable Bank | Stock conversion between Equitable Financial Corp, Equitable MHC and Equitable Bank
Stock Conversion
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 ($)	9 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Jun. 30, 2016
Amortized cost and estimated fair value of investments in debt and equity securities
Investment securities available-for-sale, amortized cost	$ 1,461,337
Available-for-sale Securities, Accumulated Gross Unrealized Loss, before Tax	(27,621)
Securities available-for-sale	1,433,716		$ 664,755
Investment securities held-to-maturity, amortized cost	744,640		781,740
Investment securities held-to-maturity , gross unrealized gains	11,208		19,374
Investment securities held-to-maturity , gross unrealized losses	(155)
Investment securities held-to-maturity, estimated fair value	755,693		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	475,031		658,579
Investment securities available-for-sale , gross unrealized gain			6,176
Available-for-sale Securities, Accumulated Gross Unrealized Loss, before Tax	(347)
Securities available-for-sale	474,684		664,755
Investment securities held-to-maturity, amortized cost	144,501		180,035
Investment securities held-to-maturity , gross unrealized gains	11,208		15,281
Investment securities held-to-maturity, estimated fair value	155,709		195,316
Municipal securities
Amortized cost and estimated fair value of investments in debt and equity securities
Investment securities held-to-maturity, amortized cost	600,139		601,705
Investment securities held-to-maturity , gross unrealized gains			4,093
Investment securities held-to-maturity , gross unrealized losses	(155)
Investment securities held-to-maturity, estimated fair value	599,984		$ 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	986,306
Available-for-sale Securities, Accumulated Gross Unrealized Loss, before Tax	(27,274)
Securities available-for-sale	959,032
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 ($)	Mar. 31, 2017	Dec. 31, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Jun. 30, 2015
Loans disclosures
Total loans	$ 223,646,779		$ 200,694,437
Deferred loan origination costs, net	597,880		562,483
Allowance for loan losses	(3,300,000)	$ (3,238,000)	(2,947,000)	$ (2,813,000)	$ (2,817,000)	$ (2,583,000)
Deferred loan origination costs and allowance	(2,702,120)		(2,384,517)
Loans, net	220,944,659		198,309,920
Commercial
Loans disclosures
Total loans	95,219,514		83,054,605
Allowance for loan losses	(1,522,000)	(1,468,000)	(1,337,000)	(1,212,000)	(1,225,000)	(1,124,000)
Commercial | Operating
Loans disclosures
Total loans	16,904,455		15,355,676
Commercial | Real Estate
Loans disclosures
Total loans	78,315,059		67,698,929
Agricultural
Loans disclosures
Total loans	52,649,996		47,908,101
Allowance for loan losses	(839,000)	(848,000)	(738,000)	(760,000)	(748,000)	(697,000)
Agricultural | Operating
Loans disclosures
Total loans	22,612,056		22,942,560
Agricultural | Real Estate
Loans disclosures
Total loans	30,037,940		24,965,541
Residential
Loans disclosures
Total loans	52,807,610		52,954,421
Allowance for loan losses	(616,000)	(635,000)	(655,000)	(665,000)	(672,000)	(644,000)
Residential | 1 - 4 family
Loans disclosures
Total loans	41,636,099		40,309,797
Residential | Consumer - Home equity and lines of credit
Loans disclosures
Total loans	11,171,511		12,644,624
Other
Loans disclosures
Total loans	22,969,659		16,777,310
Allowance for loan losses	(323,000)	$ (287,000)	(217,000)	$ (176,000)	$ (172,000)	$ (118,000)
Other | Construction and land
Loans disclosures
Total loans	19,161,346		13,210,393
Other | Consumer - Personal
Loans disclosures
Total loans	$ 3,808,313		$ 3,566,917

Loans - Allowance for Loan Loss

Loans - Allowance for Loan Losses (Details) - USD ($)	3 Months Ended		9 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Mar. 31, 2017	Mar. 31, 2016
Allowance for loan losses:
Balance, beginning	$ 3,238,000	$ 2,817,000	$ 2,947,000	$ 2,583,000
Provision charged to expense	60,830	2,023	382,703	159,368
Recoveries	3,314	2,854	28,140	82,642
Loans charged off	(2,144)	(8,877)	(57,843)	(12,010)
Balance, ending	3,300,000	2,813,000	3,300,000	2,813,000
Commercial
Allowance for loan losses:
Balance, beginning	1,468,000	1,225,000	1,337,000	1,124,000
Provision charged to expense	53,020	(14,121)	209,331	13,433
Recoveries	980	1,121	23,536	75,831
Loans charged off			(47,867)	(1,264)
Balance, ending	1,522,000	1,212,000	1,522,000	1,212,000
Agricultural
Allowance for loan losses:
Balance, beginning	848,000	748,000	738,000	697,000
Provision charged to expense	(9,000)	12,000	101,000	63,000
Balance, ending	839,000	760,000	839,000	760,000
Residential
Allowance for loan losses:
Balance, beginning	635,000	672,000	655,000	644,000
Provision charged to expense	(19,838)	(7,675)	(40,812)	19,641
Recoveries	932	675	2,000	1,359
Loans charged off	(94)		(188)
Balance, ending	616,000	665,000	616,000	665,000
Other
Allowance for loan losses:
Balance, beginning	287,000	172,000	217,000	118,000
Provision charged to expense	36,648	11,819	113,184	63,294
Recoveries	1,402	1,058	2,604	5,452
Loans charged off	(2,050)	(8,877)	(9,788)	(10,746)
Balance, ending	$ 323,000	$ 176,000	$ 323,000	$ 176,000

Loans - Impairment Evaluation (

Loans - Impairment Evaluation (Details) - USD ($)	Mar. 31, 2017	Dec. 31, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Jun. 30, 2015
Allowance for loan losses:
Allowance for loans individually evaluated for impairment	$ 59,772		$ 52,803
Allowance for loans collectively evaluated for impairment	3,240,228		2,894,197
Total Allowance	3,300,000	$ 3,238,000	2,947,000	$ 2,813,000	$ 2,817,000	$ 2,583,000
Loan balances
Loans individually evaluated for impairment	5,294,075		4,843,377
Loans collectively evaluated for impairment	218,352,704		195,851,060
Total loans	223,646,779		200,694,437
Commercial
Allowance for loan losses:
Allowance for loans individually evaluated for impairment	10,884		34,975
Allowance for loans collectively evaluated for impairment	1,511,116		1,302,025
Total Allowance	1,522,000	1,468,000	1,337,000	1,212,000	1,225,000	1,124,000
Loan balances
Loans individually evaluated for impairment	950,007		227,824
Loans collectively evaluated for impairment	94,269,507		82,826,781
Total loans	95,219,514		83,054,605
Agricultural
Allowance for loan losses:
Allowance for loans individually evaluated for impairment	21,191
Allowance for loans collectively evaluated for impairment	817,809		738,000
Total Allowance	839,000	848,000	738,000	760,000	748,000	697,000
Loan balances
Loans individually evaluated for impairment	904,768		885,757
Loans collectively evaluated for impairment	51,745,228		47,022,344
Total loans	52,649,996		47,908,101
Residential
Allowance for loan losses:
Allowance for loans individually evaluated for impairment	26,354		17,828
Allowance for loans collectively evaluated for impairment	589,646		637,172
Total Allowance	616,000	635,000	655,000	665,000	672,000	644,000
Loan balances
Loans individually evaluated for impairment	3,415,882		3,726,602
Loans collectively evaluated for impairment	49,391,728		49,227,819
Total loans	52,807,610		52,954,421
Other
Allowance for loan losses:
Allowance for loans individually evaluated for impairment	1,343
Allowance for loans collectively evaluated for impairment	321,657		217,000
Total Allowance	323,000	$ 287,000	217,000	$ 176,000	$ 172,000	$ 118,000
Loan balances
Loans individually evaluated for impairment	23,418		3,194
Loans collectively evaluated for impairment	22,946,241		16,774,116
Total loans	$ 22,969,659		$ 16,777,310

Loans - Aging Unpaid Principal

Loans - Aging Unpaid Principal (Details) - USD ($)	Mar. 31, 2017	Jun. 30, 2016
Summary of aging in terms of unpaid principal balance
Current	$ 222,430,300	$ 197,993,988
Total loans	223,646,779	200,694,437
Nonaccrual Loans	2,494,755	1,799,647
31 to 60 Days Past Due
Summary of aging in terms of unpaid principal balance
Financing Receivable Past Due	41,599	2,548,309
61 to 90 Days Past Due
Summary of aging in terms of unpaid principal balance
Financing Receivable Past Due	69,455	23,736
Greater than 90 Days Past Due
Summary of aging in terms of unpaid principal balance
Financing Receivable Past Due	1,105,425	128,404
Commercial
Summary of aging in terms of unpaid principal balance
Total loans	95,219,514	83,054,605
Commercial | Operating
Summary of aging in terms of unpaid principal balance
Current	16,882,591	15,256,328
Total loans	16,904,455	15,355,676
Nonaccrual Loans	160,590	97,294
Commercial | Operating | 31 to 60 Days Past Due
Summary of aging in terms of unpaid principal balance
Financing Receivable Past Due		99,348
Commercial | Operating | 61 to 90 Days Past Due
Summary of aging in terms of unpaid principal balance
Financing Receivable Past Due	21,864
Commercial | Real Estate
Summary of aging in terms of unpaid principal balance
Current	78,234,228	67,606,842
Total loans	78,315,059	67,698,929
Nonaccrual Loans	692,720	92,087
Commercial | Real Estate | 61 to 90 Days Past Due
Summary of aging in terms of unpaid principal balance
Financing Receivable Past Due	42,607
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	52,649,996	47,908,101
Agricultural | Operating
Summary of aging in terms of unpaid principal balance
Current	22,605,208	22,318,246
Total loans	22,612,056	22,942,560
Nonaccrual Loans	44,260	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 | Operating | Greater than 90 Days Past Due
Summary of aging in terms of unpaid principal balance
Financing Receivable Past Due	6,848
Agricultural | Real Estate
Summary of aging in terms of unpaid principal balance
Current	29,211,431	24,965,541
Total loans	30,037,940	24,965,541
Nonaccrual Loans	841,509	877,909
Agricultural | Real Estate | Greater than 90 Days Past Due
Summary of aging in terms of unpaid principal balance
Financing Receivable Past Due	826,509
Residential
Summary of aging in terms of unpaid principal balance
Total loans	52,807,610	52,954,421
Residential | 1 - 4 family
Summary of aging in terms of unpaid principal balance
Current	41,379,209	38,428,793
Total loans	41,636,099	40,309,797
Nonaccrual Loans	697,559	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	23,046	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		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	233,844	33,915
Residential | Consumer - Home equity and lines of credit
Summary of aging in terms of unpaid principal balance
Current	11,153,134	12,644,624
Total loans	11,171,511	12,644,624
Nonaccrual Loans	34,699	29,807
Residential | Consumer - Home equity and lines of credit | 31 to 60 Days Past Due
Summary of aging in terms of unpaid principal balance
Financing Receivable Past Due	18,377
Other
Summary of aging in terms of unpaid principal balance
Total loans	22,969,659	16,777,310
Other | Construction and land
Summary of aging in terms of unpaid principal balance
Current	19,161,346	13,210,393
Total loans	19,161,346	13,210,393
Other | Consumer - Personal
Summary of aging in terms of unpaid principal balance
Current	3,803,153	3,563,221
Total loans	3,808,313	3,566,917
Nonaccrual Loans	23,418	7,248
Other | Consumer - Personal | 31 to 60 Days Past Due
Summary of aging in terms of unpaid principal balance
Financing Receivable Past Due	176	1,294
Other | Consumer - Personal | 61 to 90 Days Past Due
Summary of aging in terms of unpaid principal balance
Financing Receivable Past Due	$ 4,984
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 ($)	9 Months Ended
	Mar. 31, 2017	Jun. 30, 2016
Unpaid principal balance by credit quality indicator
Unpaid principal balance	$ 223,646,779	$ 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	$ 167,030,856	144,173,099
Financing Receivable Risk Rating Minimum Review Period	12 months
Commercial
Unpaid principal balance by credit quality indicator
Unpaid principal balance	$ 95,219,514	83,054,605
Commercial | Operating
Unpaid principal balance by credit quality indicator
Unpaid principal balance	16,904,455	15,355,676
Commercial | Real Estate
Unpaid principal balance by credit quality indicator
Unpaid principal balance	78,315,059	67,698,929
Agricultural
Unpaid principal balance by credit quality indicator
Unpaid principal balance	52,649,996	47,908,101
Agricultural | Operating
Unpaid principal balance by credit quality indicator
Unpaid principal balance	22,612,056	22,942,560
Agricultural | Real Estate
Unpaid principal balance by credit quality indicator
Unpaid principal balance	30,037,940	24,965,541
Residential Real Estate and Other Combined
Unpaid principal balance by credit quality indicator
Unpaid principal balance	56,615,923	56,521,338
Residential
Unpaid principal balance by credit quality indicator
Unpaid principal balance	52,807,610	52,954,421
Residential | 1 - 4 family
Unpaid principal balance by credit quality indicator
Unpaid principal balance	41,636,099	40,309,797
Residential | Consumer - Home equity and lines of credit
Unpaid principal balance by credit quality indicator
Unpaid principal balance	11,171,511	12,644,624
Other
Unpaid principal balance by credit quality indicator
Unpaid principal balance	22,969,659	16,777,310
Other | Construction and land
Unpaid principal balance by credit quality indicator
Unpaid principal balance	19,161,346	13,210,393
Other | Consumer - Personal
Unpaid principal balance by credit quality indicator
Unpaid principal balance	3,808,313	3,566,917
Highest Quality (rating 1) | Commercial and Agricultural
Unpaid principal balance by credit quality indicator
Unpaid principal balance	1,090,308	832,824
Highest Quality (rating 1) | Agricultural | Operating
Unpaid principal balance by credit quality indicator
Unpaid principal balance	764,263	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	16,580,128	18,814,080
Good Quality (rating 2) | Commercial | Operating
Unpaid principal balance by credit quality indicator
Unpaid principal balance	200,639	213,824
Good Quality (rating 2) | Commercial | Real Estate
Unpaid principal balance by credit quality indicator
Unpaid principal balance	6,739,080	4,923,002
Good Quality (rating 2) | Agricultural | Operating
Unpaid principal balance by credit quality indicator
Unpaid principal balance	3,816,673	5,510,208
Good Quality (rating 2) | Agricultural | Real Estate
Unpaid principal balance by credit quality indicator
Unpaid principal balance	2,953,291	6,173,479
Good Quality (rating 2) | Other | Construction and land
Unpaid principal balance by credit quality indicator
Unpaid principal balance	2,870,445	1,993,567
Acceptable Quality (rating 3) | Commercial and Agricultural
Unpaid principal balance by credit quality indicator
Unpaid principal balance	77,519,524	63,736,162
Acceptable Quality (rating 3) | Commercial | Operating
Unpaid principal balance by credit quality indicator
Unpaid principal balance	7,400,028	7,732,341
Acceptable Quality (rating 3) | Commercial | Real Estate
Unpaid principal balance by credit quality indicator
Unpaid principal balance	38,337,562	33,606,696
Acceptable Quality (rating 3) | Agricultural | Operating
Unpaid principal balance by credit quality indicator
Unpaid principal balance	7,551,517	5,992,063
Acceptable Quality (rating 3) | Agricultural | Real Estate
Unpaid principal balance by credit quality indicator
Unpaid principal balance	14,801,186	9,729,301
Acceptable Quality (rating 3) | Other | Construction and land
Unpaid principal balance by credit quality indicator
Unpaid principal balance	9,429,231	6,675,761
Fair Quality (rating 4) | Commercial and Agricultural
Unpaid principal balance by credit quality indicator
Unpaid principal balance	66,948,784	57,855,483
Fair Quality (rating 4) | Commercial | Operating
Unpaid principal balance by credit quality indicator
Unpaid principal balance	9,101,485	7,294,630
Fair Quality (rating 4) | Commercial | Real Estate
Unpaid principal balance by credit quality indicator
Unpaid principal balance	30,335,575	28,578,771
Fair Quality (rating 4) | Agricultural | Operating
Unpaid principal balance by credit quality indicator
Unpaid principal balance	9,534,145	9,604,176
Fair Quality (rating 4) | Agricultural | Real Estate
Unpaid principal balance by credit quality indicator
Unpaid principal balance	11,115,909	7,836,841
Fair Quality (rating 4) | Other | Construction and land
Unpaid principal balance by credit quality indicator
Unpaid principal balance	6,861,670	4,541,065
Special Mention | Commercial and Agricultural
Unpaid principal balance by credit quality indicator
Unpaid principal balance	342,234	829,738
Special Mention | Agricultural | Operating
Unpaid principal balance by credit quality indicator
Unpaid principal balance	342,234	829,738
Substandard | Commercial and Agricultural
Unpaid principal balance by credit quality indicator
Unpaid principal balance	4,549,878	2,104,812
Substandard | Commercial | Operating
Unpaid principal balance by credit quality indicator
Unpaid principal balance	202,303	114,881
Substandard | Commercial | Real Estate
Unpaid principal balance by credit quality indicator
Unpaid principal balance	2,902,842	590,460
Substandard | Agricultural | Operating
Unpaid principal balance by credit quality indicator
Unpaid principal balance	603,224	521,562
Substandard | Agricultural | Real Estate
Unpaid principal balance by credit quality indicator
Unpaid principal balance	841,509	877,909
Performing | Residential Real Estate and Other Combined
Unpaid principal balance by credit quality indicator
Unpaid principal balance	55,829,964	54,006,030
Performing | Residential | 1 - 4 family
Unpaid principal balance by credit quality indicator
Unpaid principal balance	40,915,493	37,832,838
Performing | Residential | Consumer - Home equity and lines of credit
Unpaid principal balance by credit quality indicator
Unpaid principal balance	11,134,736	12,614,817
Performing | Other | Consumer - Personal
Unpaid principal balance by credit quality indicator
Unpaid principal balance	3,779,735	3,558,375
Nonperforming | Residential Real Estate and Other Combined
Unpaid principal balance by credit quality indicator
Unpaid principal balance	785,959	2,515,308
Nonperforming | Residential | 1 - 4 family
Unpaid principal balance by credit quality indicator
Unpaid principal balance	720,606	2,476,959
Nonperforming | Residential | Consumer - Home equity and lines of credit
Unpaid principal balance by credit quality indicator
Unpaid principal balance	36,775	29,807
Nonperforming | Other | Consumer - Personal
Unpaid principal balance by credit quality indicator
Unpaid principal balance	$ 28,578	$ 8,542

Loans - Impaired (Details)

Loans - Impaired (Details) - USD ($)	3 Months Ended		9 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Mar. 31, 2017	Mar. 31, 2016	Jun. 30, 2016
Impaired loans with no specific allowance recorded:
Recorded Investment	$ 4,067,239		$ 4,067,239		$ 4,415,601
Unpaid Principal Balance	3,988,459		3,988,459		4,355,599
Average Recorded Investment	4,107,697	$ 4,930,541	3,681,158	$ 4,806,725
Interest Income Recognized	43,418	48,766	116,144	177,647
Impaired loans with specific allowance recorded:
Recorded Investment	1,363,465		1,363,465		512,018
Unpaid Principal Balance	1,305,616		1,305,616		487,778
Related Allowance	59,772		59,772		52,803
Average Recorded Investment	1,350,483	862,558	1,359,646	863,044
Interest Income Recognized	11,916	5,864	22,606	26,804
Total impaired loans:
Recorded Investment	5,430,704		5,430,704		4,927,619
Unpaid Principal Balance	5,294,075		5,294,075		4,843,377
Related Allowance	59,772		59,772		52,803
Average Recorded Investment	5,458,180	5,793,099	5,040,804	5,669,769
Interest Income Recognized	55,334	54,630	138,750	204,451
Commercial | Operating
Impaired loans with no specific allowance recorded:
Recorded Investment	195,801		195,801		88,902
Unpaid Principal Balance	193,338		193,338		87,497
Average Recorded Investment	192,837	71,908	164,025	53,766
Interest Income Recognized	3,125	585	7,722	2,030
Impaired loans with specific allowance recorded:
Recorded Investment	64,522		64,522		48,302
Unpaid Principal Balance	63,949		63,949		48,240
Related Allowance	2,596		2,596		4,824
Average Recorded Investment	65,973	60,747	60,770	62,616
Interest Income Recognized	906	705	2,028	2,856
Total impaired loans:
Recorded Investment	260,323		260,323		137,204
Unpaid Principal Balance	257,287		257,287		135,737
Related Allowance	2,596		2,596		4,824
Average Recorded Investment	258,810	132,655	224,795	116,382
Interest Income Recognized	4,031	1,290	9,750	4,886
Commercial | Real Estate
Impaired loans with no specific allowance recorded:
Recorded Investment	656,969		656,969
Unpaid Principal Balance	654,496		654,496
Average Recorded Investment	663,799	187,474	328,484	187,636
Interest Income Recognized	4,749		7,124	2,331
Impaired loans with specific allowance recorded:
Recorded Investment	48,596		48,596		114,837
Unpaid Principal Balance	38,224		38,224		92,087
Related Allowance	8,288		8,288		30,151
Average Recorded Investment	48,321	237,966	47,764	234,325
Total impaired loans:
Recorded Investment	705,565		705,565		114,837
Unpaid Principal Balance	692,720		692,720		92,087
Related Allowance	8,288		8,288		30,151
Average Recorded Investment	712,120	425,440	376,248	421,961
Interest Income Recognized	4,749		7,124	2,331
Agricultural | Operating
Impaired loans with no specific allowance recorded:
Recorded Investment	26,426		26,426		8,009
Unpaid Principal Balance	25,848		25,848		7,848
Average Recorded Investment	16,903	7,079	17,218	8,380
Interest Income Recognized	125	105	125	339
Impaired loans with specific allowance recorded:
Recorded Investment	37,804		37,804
Unpaid Principal Balance	37,411		37,411
Related Allowance	2,297		2,297
Average Recorded Investment	18,902	198,658	37,804	203,386
Interest Income Recognized				14,843
Total impaired loans:
Recorded Investment	64,230		64,230		8,009
Unpaid Principal Balance	63,259		63,259		7,848
Related Allowance	2,297		2,297
Average Recorded Investment	35,805	205,737	55,022	211,766
Interest Income Recognized	125	105	125	15,182
Agricultural | Real Estate
Impaired loans with no specific allowance recorded:
Recorded Investment	409,712		409,712		925,288
Unpaid Principal Balance	355,452		355,452		877,909
Average Recorded Investment	411,432	970,207	425,722	856,736
Interest Income Recognized		1,669		15,902
Impaired loans with specific allowance recorded:
Recorded Investment	518,721		518,721
Unpaid Principal Balance	486,057		486,057
Related Allowance	18,894		18,894
Average Recorded Investment	515,527		508,658
Interest Income Recognized	230		593
Total impaired loans:
Recorded Investment	928,433		928,433		925,288
Unpaid Principal Balance	841,509		841,509		877,909
Related Allowance	18,894		18,894
Average Recorded Investment	926,959	970,207	934,380	856,736
Interest Income Recognized	230	1,669	593	15,902
Residential | 1 - 4 family
Impaired loans with no specific allowance recorded:
Recorded Investment	2,767,870		2,767,870		3,330,310
Unpaid Principal Balance	2,749,483		2,749,483		3,320,028
Average Recorded Investment	2,811,564	3,624,633	2,733,003	3,628,569
Interest Income Recognized	35,254	45,273	100,579	153,553
Impaired loans with specific allowance recorded:
Recorded Investment	655,459		655,459		330,997
Unpaid Principal Balance	641,801		641,801		329,623
Related Allowance	25,768		25,768		16,913
Average Recorded Investment	661,611	345,848	663,628	343,496
Interest Income Recognized	9,955	4,634	18,199	7,739
Total impaired loans:
Recorded Investment	3,423,329		3,423,329		3,661,307
Unpaid Principal Balance	3,391,284		3,391,284		3,649,651
Related Allowance	25,768		25,768		16,913
Average Recorded Investment	3,473,175	3,970,481	3,396,631	3,972,065
Interest Income Recognized	45,209	49,907	118,778	161,292
Residential | Consumer - Home equity and lines of credit
Impaired loans with no specific allowance recorded:
Recorded Investment	8,309		8,309		59,336
Unpaid Principal Balance	8,296		8,296		59,123
Average Recorded Investment	8,520	60,648	8,926	61,807
Interest Income Recognized	141	1,000	450	3,093
Impaired loans with specific allowance recorded:
Recorded Investment	16,440		16,440		17,882
Unpaid Principal Balance	16,302		16,302		17,828
Related Allowance	586		586		915
Average Recorded Investment	17,202	19,339	17,161	19,221
Interest Income Recognized	447	525	835	1,366
Total impaired loans:
Recorded Investment	24,749		24,749		77,218
Unpaid Principal Balance	24,598		24,598		76,951
Related Allowance	586		586		915
Average Recorded Investment	25,722	79,987	26,087	81,028
Interest Income Recognized	588	1,525	1,285	4,459
Other | Consumer - Personal
Impaired loans with no specific allowance recorded:
Recorded Investment	2,152		2,152		3,756
Unpaid Principal Balance	1,546		1,546		3,194
Average Recorded Investment	2,642	8,592	3,780	9,831
Interest Income Recognized	24	134	144	399
Impaired loans with specific allowance recorded:
Recorded Investment	21,923		21,923
Unpaid Principal Balance	21,872		21,872
Related Allowance	1,343		1,343
Average Recorded Investment	22,947		23,861
Interest Income Recognized	378		951
Total impaired loans:
Recorded Investment	24,075		24,075		3,756
Unpaid Principal Balance	23,418		23,418		$ 3,194
Related Allowance	1,343		1,343
Average Recorded Investment	25,589	8,592	27,641	9,831
Interest Income Recognized	$ 402	$ 134	$ 1,095	$ 399

Borrowings (Details)

Borrowings (Details) $ in Thousands	9 Months Ended
	Mar. 31, 2017USD ($)
Federal Home Loan Bank Borrowings
Maximum outstanding at any month end	$ 300,000
Average balance during period	$ 575,000
Weighted average interest rate at the end of period	0.75%
Weighted average interest rate during period	0.75%
Federal Home Loan Bank of Topeka
Federal Home Loan Bank Borrowings
Amount of available advances	$ 39,500

Regulatory Matters (Details)

Regulatory Matters (Details) - USD ($)	Mar. 31, 2017	Jun. 30, 2016
Compliance with regulatory capital requirements under banking regulations
Total capital (to risk weighted assets), amount	$ 30,362	$ 28,977
Total capital (to risk weighted assets), as a percent	13.80%	14.70%
Tier 1 (core) capital (to risk weighted assets), amount	$ 27,610	$ 26,500
Tier 1 (core) capital (to risk weighted assets), as a percent	12.60%	13.40%
Tier 1 (core) capital (to adjusted total assets), amount	$ 27,610	$ 26,500
Tier 1 (core) capital (to adjusted total assets), as a percent	11.80%	11.60%
Minimum Required for Capital Adequacy Purposes
Total capital (to risk weighted assets), amount	$ 17,563	$ 15,805
Total capital (to risk weighted assets), as a percent	8.00%	8.00%
Tier 1 (core) capital (to risk weighted assets), amount	$ 13,172	$ 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	$ 9,322	$ 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	$ 21,954	$ 19,757
Total capital (to risk weighted assets), as a percent	10.00%	10.00%
Tier 1 (core) capital (to risk weighted assets), amount	$ 17,563	$ 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	$ 11,653	$ 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	$ 27,610	$ 26,500
Tier 1 (core) capital (to risk weighted assets), as a percent	12.60%	13.40%
Minimum Required for Capital Adequacy Purposes
Tier 1 (core) capital (to risk weighted assets), amount	$ 9,879	$ 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	$ 14,270	$ 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 ($)	9 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
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	$ 88,548	$ 71,366

Employee Benefit Plan - ESOP (D

Employee Benefit Plan - ESOP (Details) - USD ($)	Jul. 08, 2015	Nov. 08, 2005	Mar. 31, 2017	Mar. 31, 2016	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			$ 111,615	$ 72,697
Shares held by the ESOP
Allocated shares (in shares)			70,230		71,803
Shares allocated to be released			19,826		7,932
Unearned ESOP shares (in shares)			138,806		150,700
Total ESOP shares (in shares)			228,862		230,435
Fair value of unearned ESOP shares			$ 1,422,762		$ 1,252,317
Fair value of allocated shares subject to repurchase obligation			$ 681,820		$ 564,723

Employee Benefit Plan - Shares

Employee Benefit Plan - Shares Awarded (Details) - $ / shares	9 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
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)	63,461	4,900
Vested (in shares)	(7,294)	(6,297)
Non-vested at end of the year (in share)	95,448	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)	9.90	8.53
Vested (in dollars per share)	5.40	4.93
Non-vested at end of the year (in dollars per share)	$ 6.97	$ 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 authorized	198,316
Number of shares awarded	158,653
2016 Equity Incentive Plan | Restricted stock
Share-based compensation
Number of shares authorized	79,326
Number of shares awarded	63,461

Earnings per Share - Basic (Det

Earnings per Share - Basic (Details) - USD ($)	3 Months Ended		9 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Mar. 31, 2017	Mar. 31, 2016
Components of basic earnings per share:
Weighted average common shares outstanding	3,284,630	3,285,020	3,289,170	3,260,513
Net income available to common stockholders	$ 275,346	$ 242,494	$ 849,868	$ 739,596
Basic earnings per share (in dollars per share)	$ 0.08	$ 0.07	$ 0.26	$ 0.23

Earnings per Share - Diluted (D

Earnings per Share - Diluted (Details) - USD ($)	3 Months Ended		9 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Mar. 31, 2017	Mar. 31, 2016
Components of diluted earnings per share:
Weighted average common shares outstanding	3,284,630	3,285,020	3,289,170	3,260,513
Dilutive effect of net additional shares from restricted stock awards	53,546	25,927	48,058	25,834
Weighted average number of shares outstanding	3,338,176	3,310,947	3,337,228	3,286,347
Net income available to common stockholders	$ 275,346	$ 242,494	$ 849,868	$ 739,596
Diluted earnings per share (in dollars per share)	$ 0.08	$ 0.07	$ 0.25	$ 0.23

Fair Value Measurements (Detail

Fair Value Measurements (Details) - USD ($)	Mar. 31, 2017	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	1,433,716	$ 664,755
Recurring
Assets:
Securities available-for-sale	1,433,716	664,755
Recurring | Level 2
Assets:
Securities available-for-sale	$ 1,433,716	$ 664,755

Fair Value Measurements - Finan

Fair Value Measurements - Financial Instruments (Details) - USD ($)	Mar. 31, 2017	Jun. 30, 2016
Financial assets:
Cash and due from financial institutions	$ 4,830,944	$ 2,567,296
Securities available-for-sale	1,433,716	664,755
Securities held-to-maturity	755,693	801,114
Federal Home Loan Bank stock	231,700	229,900
Loans, net	220,944,659	198,309,920
Accrued interest receivable	1,233,302	1,147,467
Financial liabilities:
Noninterest-bearing deposits	28,414,452	24,296,166
Interest-bearing deposits	174,473,915	162,666,186
Accrued interest payable and other liabilities	1,416,707	1,198,850
Carrying Amount | Level 1
Financial assets:
Cash and due from financial institutions	7,406,944	14,947,296
Federal Home Loan Bank stock	231,700	229,900
Accrued interest receivable	1,233,302	1,147,467
Financial liabilities:
Accrued interest payable and other liabilities	1,416,707	1,198,850
Carrying Amount | Level 2
Financial assets:
Securities available-for-sale	1,433,716	664,755
Securities held-to-maturity	744,640	781,740
Loans, net	220,944,659	198,309,920
Financial liabilities:
Noninterest-bearing deposits	28,414,452	24,296,166
Interest-bearing deposits	174,473,915	162,666,186
Estimated Fair Value | Level 1
Financial assets:
Cash and due from financial institutions	7,407,000	14,947,000
Federal Home Loan Bank stock	232,000	230,000
Accrued interest receivable	1,233,000	1,147,000
Financial liabilities:
Accrued interest payable and other liabilities	1,417,000	1,199,000
Estimated Fair Value | Level 2
Financial assets:
Securities available-for-sale	1,434,000	665,000
Securities held-to-maturity	756,000	801,000
Loans, net	217,926,000	198,000,000
Financial liabilities:
Noninterest-bearing deposits	28,414,000	24,296,000
Interest-bearing deposits	$ 178,969,000	$ 170,276,000

Accumulated Other Comprehensi49

Accumulated Other Comprehensive Income/(Loss) (Details) - USD ($)	9 Months Ended	12 Months Ended
	Mar. 31, 2017	Jun. 30, 2016
Accumulated Other Comprehensive Income/(Loss)
Unrealized holding gains/(losses) on securities available-for-sale	$ (27,621)	$ 6,176
Tax expense	9,391	(2,100)
Total accumulated other comprehensive income/(loss)	$ (18,230)	$ 4,076

Income Taxes - Reconciliation (

Income Taxes - Reconciliation (Details) - USD ($)	3 Months Ended		9 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Mar. 31, 2017	Mar. 31, 2016
Effective Income Tax Rate Reconciliation, Amount [Abstract]
Provision computed at the statutory federal tax rate	$ (140,748)	$ (135,148)	$ (455,147)	$ (370,472)
State income taxes, net of federal tax	(11,264)	(11,125)	(39,019)	(35,837)
Release of unearned EOSP shares and stock awards	(1,834)	1,905	3,713	10,388
Nondeductible expenses	(2,161)	(1,522)	(5,875)	(5,724)
Valuation allowance adjustment				79,000
Other	17,387	(9,111)	7,527	(27,383)
Total income tax expense	$ (138,620)	$ (155,001)	$ (488,801)	$ (350,028)

Stock Buyback (Details)

Stock Buyback (Details) - Common Stock - $ / shares	Oct. 07, 2016	Mar. 31, 2017	Feb. 28, 2017	Jan. 31, 2017	Dec. 31, 2016	Nov. 30, 2016	Mar. 31, 2017	Oct. 31, 2016
Common stock purchased during the period:
Shares purchased		22,200			26,455	60,000	108,655
Average price paid per share		$ 10.25			$ 9.57	$ 9.07	$ 9.43
Stock Repurchase Plan
Common stock purchased during the period:
Current shares outstanding (as a percentage)	5.00%
Shares purchased		108,655	86,455	86,455	86,455	60,000
Maximum number of shares that may yet be purchased		65,202	87,402	87,402	87,402	113,857	65,202	173,857