PB Bancorp (PBBI) 10-Q 13 May 16 2016 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Mar. 31, 2016	May. 01, 2016
Document and Entity Information [Abstract]
Entity Registrant Name	PB Bancorp, Inc.
Entity Central Index Key	1,652,106
Trading Symbol	psbh
Current Fiscal Year End Date	--06-30
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		7,880,402
Document Type	10-Q
Document Period End Date	Mar. 31, 2016
Amendment Flag	false
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q3

Consolidated Balance Sheets (Un

Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands		Mar. 31, 2016	Jun. 30, 2015
ASSETS
Cash and due from depository institutions		$ 3,931	$ 4,562
Interest-bearing demand deposits with other banks		5,164	764
Total cash and cash equivalents		9,095	5,326
Securities available-for-sale, at fair value		64,943	45,657
Securities held-to-maturity (fair value of $155,819 as of March 31, 2016 and $165,644 as of June 30, 2015)		153,596	164,096
Federal Home Loan Bank stock, at cost		3,967	5,371
Loans		240,426	226,221
Less: Allowance for loan losses		(2,282)	(2,175)
Net loans		238,144	224,046
Premises and equipment		3,636	3,763
Accrued interest receivable		1,190	1,051
Other real estate owned		2,007	3,155
Goodwill		6,912	6,912
Bank-owned life insurance		9,632	9,427
Deferred tax asset		2,762	2,704
Other assets		1,619	2,093
Total assets		497,503	473,601
Deposits
Non-interest-bearing		65,580	59,854
Interest-bearing		288,549	297,787
Total deposits		354,129	357,641
Mortgagors' escrow accounts		1,454	2,363
Federal Home Loan Bank advances		52,500	56,740
Securities sold under agreements to repurchase		2,415	2,797
Other liabilities		2,323	2,316
Total liabilities		$ 412,821	$ 421,857
Stockholders' Equity
Preferred stock, 50,000,000 shares authorized, $0.01 par value, no shares issued and outstanding
Common stock, 100,000,000 shares authorized, $0.01 and $0.10 par value at March 31, 2016 and June 30, 2015, respectively, 7,880,402 issued and outstanding at March 31, 2016; 14,288,400 shares authorized, 8,267,178 shares issued, 7,789,036 shares outstanding at June 30, 2015. (1)		$ 79	$ 694
Additional paid-in capital		62,870	30,602
Retained earnings		25,927	25,919
Accumulated other comprehensive loss		(572)	(198)
Unearned ESOP shares		$ (3,622)	(1,182)
Treasury stock, at cost (478,142 shares at June 30, 2015) (1)	[1]		(4,091)
Total stockholders' equity		$ 84,682	51,744
Total liabilities and stockholders' equity		$ 497,503	$ 473,601
[1]	Share amounts related to periods prior to the date of completion of the Conversion (January 7, 2016) have been restated to give retroactive recognition to the exchange ratio applied in the Conversion (1.1907 to one).

Consolidated Balance Sheets (U3

Consolidated Balance Sheets (Unaudited) (Parentheticals) $ in Thousands	12 Months Ended
	Jun. 30, 2015USD ($)$ / sharesshares	Mar. 31, 2016USD ($)$ / sharesshares
Statement Of Financial Position [Abstract]
Securities held-to-maturity securities, fair value (in dollars) | $	$ 165,644	$ 155,819
Preferred stock, shares authorized	50,000,000	50,000,000
Preferred stock, par value (in dollars per share) | $ / shares	$ 0.01	$ 0.01
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, shares authorized	14,288,400	100,000,000
Common stock, par value (in dollars per share) | $ / shares	$ 0.10	$ 0.01
Common stock, shares issued	8,267,178	7,880,402
Common stock, shares outstanding	7,789,036	7,880,402
Treasury stock, shares	478,142
Share exchange conversion rate	1.1907

Consolidated Statements of Net

Consolidated Statements of Net Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Mar. 31, 2016	Mar. 31, 2015
Interest and dividend income:
Interest and fees on loans	$ 2,409	$ 2,324	$ 7,174	$ 7,208
Interest and dividends on investments	1,060	1,007	3,061	3,051
Total interest and dividend income	3,469	3,331	10,235	10,259
Interest expense:
Deposits and escrow	453	538	1,394	1,669
Borrowed funds	343	351	1,040	1,100
Total interest expense	796	889	2,434	2,769
Net interest and dividend income	2,673	2,442	7,801	7,490
Provision for loan losses		580	613	650
Net interest and dividend income after provision for loan losses	2,673	1,862	7,188	6,840
Non-interest income:
Total other-than-temporary impairment losses on debt securities	(174)		(407)	(414)
Portion of losses recognized in other comprehensive income	129		323	259
Net impairment losses recognized in earnings	(45)		(84)	(155)
Fees for services	438	406	1,316	1,284
Mortgage banking activities	8	21	72	75
Net commissions from brokerage service	29	15	115	66
Income from bank-owned life insurance	66	68	205	209
Gain on sales of other real estate owned			352	48
Other income	38	23	158	119
Total non-interest income	534	533	2,134	1,646
Non-interest expense:
Compensation and benefits	1,613	1,542	4,808	4,647
Occupancy and equipment	307	347	920	946
Data processing	227	192	619	646
LAN/WAN network	39	37	111	112
Advertising and marketing	55	52	131	143
FDIC deposit insurance	91	108	288	271
Other real estate owned	21	148	210	307
Write-down of other real estate owned			28	33
Other	473	418	1,344	1,364
Total non-interest expense	2,826	2,844	8,459	8,469
Income (loss) before income tax expense (benefit)	381	(449)	863	17
Income tax expense (benefit)	79	(140)	133	(98)
NET INCOME (LOSS)	$ 302	$ (309)	$ 730	$ 115
Earnings (loss) per common share:
Basic	$ 0.04	$ (0.04)	$ 0.10	$ 0.02
Diluted	$ 0.04	$ (0.04)	$ 0.10	$ 0.02

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Mar. 31, 2016	Mar. 31, 2015	Mar. 31, 2016	Mar. 31, 2015
Comprehensive Income (Loss), Net Of Tax, Attributable To Parent [Abstract]
Net income (loss)		$ 302	$ (309)	$ 730	$ 115
Other comprehensive (loss) income:
Net unrealized holding (losses) gains on available-for-sale securities		(271)	286	(329)	240
Reclassification adjustment for losses realized in income on available-for-sale securities (1)	[1]	45		84	155
Non-credit portion of other-than-temporary losses on available-for-sale securities		(129)		(323)	(259)
Other comprehensive (loss) income before tax		(355)	286	(568)	136
Income tax benefit (expense) related to other comprehensive loss		122	(98)	194	(47)
Other comprehensive (loss) income net of tax		(233)	188	(374)	89
Total comprehensive income (loss)		$ 69	$ (121)	$ 356	$ 204
[1]	Reported in net impairment losses recognized in earnings included in non-interest income on the consolidated statements of operations. Income tax benefits associated with the reclassification adjustments were $18,000 and $ - for the three months ended March 31, 2016 and 2015, respectively. Income tax benefits associated with the reclassification adjustments were $33,000 and $53,000 for the nine months ended March 31, 2016 and 2015, respectively.

Consolidated Statements of Com6

Consolidated Statements of Comprehensive Income (Unaudited) (Paretheticals) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Mar. 31, 2016	Mar. 31, 2015
Comprehensive Income (Loss), Net Of Tax, Attributable To Parent [Abstract]
Income tax benefit associated with reclassification adjustments	$ 18,000		$ 33,000	$ 53,000

Consolidated Statements of Chan

Consolidated Statements of Changes in Stockholders' Equity (Unaudited) - USD ($) $ in Thousands		Common Stock	Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Loss	Unearned ESOP Shares	Treasury Stock	Total
Balances at Jun. 30, 2014		$ 694	$ 30,602	$ 25,793	$ (237)	$ (1,310)	$ (4,091)	$ 51,451
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Comprehensive income				115	89			204
Cash dividends declared ($0.03 and $0.08 per share for year 2015 and 2016 respectively)				(197)				(197)
ESOP shares committed to be released (11,412 and 12,112 shares for year 2015 and 2016 respectively)	[1]			(25)		$ 96		71
Balances at Mar. 31, 2015		$ 694	$ 30,602	25,686	(148)	(1,214)	$ (4,091)	51,529
Balances at Jun. 30, 2015		694	30,602	25,919	(198)	(1,182)	(4,091)	51,744
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Comprehensive income				730	(374)			356
Cash dividends declared ($0.03 and $0.08 per share for year 2015 and 2016 respectively)				(721)				(721)
ESOP shares committed to be released (11,412 and 12,112 shares for year 2015 and 2016 respectively)	[1]			(1)		98		97
Corporate Reorganization:
Conversion of PSB Holdings, Inc.		(618)	33,095					32,477
Purchase by ESOP		3	2,535			(2,538)
Treasury stock retired			(4,091)				$ 4,091
Contribution of Putnam Bancorp MHC			729					729
Balances at Mar. 31, 2016		$ 79	$ 62,870	$ 25,927	$ (572)	$ (3,622)		$ 84,682
[1]	Share amounts related to periods prior to the date of completion of the Conversion (January 7, 2016) have been restated to give retroactive recognition to the exchange ratio applied in the Conversion (1.1907 to one).

Consolidated Statements of Cha8

Consolidated Statements of Changes in Stockholders' Equity (Unaudited) (Parentheticals)	Jan. 06, 2016	Jun. 30, 2015
Statement Of Stockholders' Equity [Abstract]
Share exchange conversion rate	1.1907	1.1907

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Cash flows from operating activities
Net income	$ 730	$ 115
Adjustments to reconcile net income to net cash provided by operating activities:
Amortization of securities, net	1,028	866
Impairment losses on securities	84	155
Net decrease in loans held-for-sale		100
Amortization of deferred loan costs, net	131	97
Amortization of premium on purchsed loans	7
Provision for loan losses	613	650
Gain on sale of other real estate owned, net	(352)	(48)
Write-down of other real estate owned	28	33
Depreciation and amortization - premises and equipment	238	258
Amortization - software	88	91
Decrease in accrued interest receivable and other assets	247	149
Increase in cash surrender value of bank-owned life insurance	(205)	(209)
Increase (decrease) in other liabilities	7	(32)
Deferred tax expense	136	39
Amortization of ESOP expense	97	71
Net cash provided by operating activities	2,877	2,335
Cash flows from investing activities
Purchase of available-for-sale securities	(24,319)	(3,067)
Proceeds from calls, pay downs and maturities of available-for-sale securities	4,291	3,678
Purchase of held-to-maturity securities	(16,721)	(30,668)
Proceeds from calls, pay downs and maturities of held-to-maturity securities	26,283	19,576
Redemption of Federal Home Loan Bank Stock	1,404	556
Loan principal originations, net of repayments	(7,976)	1,337
Loan purchases	(9,123)
Recoveries of loans previously charged off	224	228
Proceeds from sale of other real estate owned	3,498	531
Capital expenditures - premises and equipment	(111)	(56)
Capital expenditures - software		(33)
Net cash used in investing activities	(22,550)	(7,918)
Cash flows from financing activities
Net (decrease) increase in deposit accounts	(3,512)	9,725
Net decrease in mortgagors' escrow accounts	(909)	(989)
Proceeds from long-term Federal Home Loan Bank advances		10,000
Repayment of long-term Federal Home Loan Bank advances		(11,000)
Change in short term FHLB advances, net	(4,240)	73
Net (decrease) increase in securities sold under agreements to repurchase	(382)	13,098
Proceeds from common stock offering	32,477
Contribution of Putnam Bancorp MHC	729
Cash dividends paid on common stock	(721)	(197)
Net cash provided by financing activities	23,442	20,710
Net increase in cash and cash equivalents	3,769	15,127
Cash and cash equivalents at beginning of year	5,326	7,335
Cash and cash equivalents at end of period	9,095	22,462
Cash paid during the period for:
Interest	2,431	2,776
Income taxes refunded, net	(8)	(554)
Loans transferred to other real estate owned	$ 2,026	$ 2,164

Organization

Organization	9 Months Ended
	Mar. 31, 2016
Organization, Consolidation and Presentation Of Financial Statements [Abstract]
Organization	NOTE 1 – Organization PB Bancorp, Inc. (the “Company”) is a Maryland corporation incorporated on September 9, 2015 to be the successor to PSB Holdings, Inc. upon completion of the second step mutual-to-stock conversion (the “Conversion”) of Putnam Bancorp, MHC, (the “MHC”), the top tier mutual holding company of PSB Holdings, Inc. PSB Holdings, Inc. was the former mid-tier holding company for Putnam Bank (the “Bank”). Prior to completion of the Conversion, approximately 57% of the shares of common stock of PSB Holdings, Inc. were owned by the MHC. In conjunction with the Conversion, the MHC and PSB Holdings, Inc. merged into the Company and the Company became its successor under the name PB Bancorp, Inc. The Conversion was completed on January 7, 2016. The Company raised gross proceeds of $33.7 million by selling a total of 4,215,387 shares of common stock at $8.00 per share in the second step offering. Additionally, 317,287 new ESOP shares were issued. Concurrent with the completion of the stock offering, each share of PSB Holdings, Inc. stock owned by public stockholders (stockholders other than the MHC) was exchanged for 1.1907 shares of Company common stock. A total of 3,347,728 shares of Company common stock were issued in the exchange. The Conversion was accounted for as a capital raising transaction by entities under common control. The historical financial results of the MHC are immaterial to the results of the Company and therefore the net assets of the MHC have been reflected as an increase to stockholders’ equity. As a result of the Conversion, all share and per share information has been revised to reflect the 1.1907-to-one exchange ratio. Such revised financial information presented in this Form 10-Q is derived from the consolidated financial statements of PSB Holdings, Inc. and its subsidiaries.

Basis of Presentation

Basis of Presentation	9 Months Ended
	Mar. 31, 2016
Accounting Policies [Abstract]
Basis of Presentation	NOTE 2 – Basis of Presentation The accompanying unaudited consolidated interim financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial statements and the instructions to Form 10-Q, and accordingly do not include all of the information and footnotes required by accounting principles generally accepted in the United States of America for complete financial statements. In the opinion of management, the accompanying unaudited consolidated financial statements reflect all adjustments necessary, consisting of only normal recurring accruals and the elimination of all significant intercompany accounts, to present fairly the financial position, results of operations and cash flows of the Company for the periods presented. The interim results of operations are not necessarily indicative of the operating results to be expected for future periods, including the fiscal year ending June 30, 2016. These financial statements should be read in conjunction with the 2015 consolidated financial statements and notes thereto included in the PSB Holdings, Inc.’s Annual Report on Form 10-K filed with the Securities and Exchange Commission (SEC) on September 28, 2015.

Recent Accounting Pronouncement

Recent Accounting Pronouncements	9 Months Ended
	Mar. 31, 2016
New Accounting Pronouncements and Changes In Accounting Principles [Abstract]
Recent Accounting Pronouncements	NOTE 3 – Recent Accounting Pronouncements In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2014-09, Revenue from Contracts with Customers (Topic 606). The amendments in this Update create Topic 606, Revenue from Contracts with Customers, and supersede the revenue recognition requirements in Topic 605, Revenue Recognition, including most industry-specific revenue recognition guidance throughout the Industry Topics of the Codification. The core principle of Topic 606 is that an entity recognizes revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. In August 2015, the FASB issued ASU 2015-14, Revenue from Contracts with Customers (Topic 606), Deferral of the Effective Date, which defers the original effective dates of ASU 2014-09. The amendments in Update 2014-09 are now effective for annual reporting periods, including interim periods, beginning after December 15, 2017. Early application is permitted only as of annual reporting periods beginning after December 31, 2016, including interim reporting periods within that reporting period. We do not expect the application of this guidance to have a material impact on our consolidated financial statements. In January 2016, the FASB issued ASU 2016-01, Financial Instruments – Overall, (Subtopic 825-10). The amendments in this Update address certain aspects of recognition, measurement, presentation, and disclosure of financial instruments. Targeted improvements to generally accepted accounting principles include the requirement for equity investments (except those accounted for under the equity method of accounting or those that result in consolidation of the investee) to be measured at fair value with changes in fair value recognized in net income, the elimination of the requirement for non-public business entities to disclose the fair value of financial instruments measured at amortized cost and the elimination of the requirement for public business entities to disclose the methods and significant assumptions used to estimate the fair value for financial instruments measured at amortized cost. The amendments in this Update are effective for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. Management is currently evaluating the impact to the consolidated financial statements of adopting this Update. In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842), In March 2016, the FASB issued ASU 2016-09, Compensation – Stock Compensation (Topic 718)

Critical Accounting Policies

Critical Accounting Policies	9 Months Ended
	Mar. 31, 2016
Accounting Policies [Abstract]
Critical Accounting Policies	Note 4 - Critical Accounting Policies Critical accounting policies are those that involve significant judgments and assumptions by management that have, or could have, a material impact on our income or the carrying value of our assets. Our critical accounting policies are those related to our loans, allowance for loan losses, income taxes, goodwill and the impairment of securities. Loans The accrual of interest on all loans is discontinued at the time the loan is 90 days past due unless the credit is well-secured and in process of collection. Past due status is based on contractual terms of the loan. In all cases, loans are placed on non-accrual status if collection of principal or interest is considered doubtful. All interest accrued but not collected for loans that are placed on non-accrual status is reversed against interest income. The interest on these loans is accounted for on the cash-basis or cost-recovery method, until qualifying for return to accrual status. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured. Allowance for Loan Losses The allowance for loan losses is evaluated on a quarterly basis by management. This evaluation is inherently subjective as it requires estimates that are susceptible to significant revision as more information becomes available. The allowance consists of general, specific and unallocated components, as further described below. General component The general component of the allowance for loan losses is based on historical loss experience adjusted for qualitative factors stratified by the following loan segments: residential real estate, commercial real estate, construction, commercial and consumer/other. Management uses a rolling average of historical losses based on a time frame appropriate to capture relevant loss data for each loan segment. This historical loss factor is adjusted for the following qualitative factors: levels/trends in delinquencies; trends in volume and terms of loans; concentrations; changes in lending policies and procedures; experience/ability/depth of lending management and staff; loan rating migration; the effect of other external factors; changes in the value of underlying collateral; changes in the loan review system and national and local economic trends and conditions. The qualitative factors are determined based on the various risk characteristics of each loan segment. Risk characteristics relevant to each portfolio segment are as follows: Residential real estate - The Company does not originate loans with a loan-to-value ratio greater than 100% and does not originate subprime loans. Loans originated with a loan-to-value ratio greater than 80% generally require private mortgage insurance. All loans in this segment are collateralized by owner-occupied residential real estate and repayment is dependent on the credit quality of the individual borrower. The overall health of the economy, including unemployment rates and housing prices, will have an effect on the credit quality in this segment. Commercial real estate - Loans in this segment are primarily income-producing properties throughout New England. The underlying cash flows generated by the properties are adversely impacted by a downturn in the economy as evidenced by increased vacancy rates, which in turn, will have an effect on the credit quality in this segment. Management obtains rent rolls annually and continually monitors the cash flows of these loans. Construction – Loans in this segment primarily include speculative real estate development loans for which payment is derived from sale of the property. Credit risk is affected by the accuracy of estimated costs to complete the project, cost overruns, time to sell at an adequate price, and market conditions. Commercial – Loans in this segment are made to businesses and are generally secured by assets of the business. Repayment is expected from the cash flows of the business. A weakened economy, and resultant decreased consumer spending, will have an effect on the credit quality in this segment. Consumer/other - Loans in this segment are generally unsecured and repayment is dependent on the credit quality of the individual borrower. Specific component The specific component relates to loans that are classified as impaired. Impairment is measured on a loan by loan basis by either the present value of expected future cash flows discounted at the loan’s effective interest rate or the fair value of the collateral if the loan is collateral dependent or foreclosure is probable. An allowance is established when the discounted cash flows (or collateral value) of the impaired loan is lower than the carrying value of that loan. Large groups of smaller balance homogeneous loans are collectively evaluated for impairment. Accordingly, the Company does not separately identify individual consumer/other and residential real estate loans for impairment disclosures, unless such loans are 90 days or more past due or subject to a troubled debt restructuring (“TDR”) agreement. 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. The Company periodically may agree to modify the contractual terms of loans. When a loan is modified and a concession is made to a borrower experiencing financial difficulty, the modification is considered a TDR. All TDRs are classified as impaired. Unallocated component An unallocated component is maintained to cover uncertainties that could affect management’s estimate of probable losses. The unallocated component of the allowance reflects the margin of imprecision inherent in the underlying assumptions used in the methodologies for estimating specific and general reserves in the portfolio. Goodwill Other-Than-Temporary Impairment of Securities. Income Taxes. Management has discussed the development and selection of these critical accounting policies with the Audit Committee.

Earnings Per Share (EPS)

Earnings Per Share (EPS)	9 Months Ended
	Mar. 31, 2016
Earnings Per Share [Abstract]
Earnings Per Share (EPS)	NOTE 5 – Earnings Per Share (EPS) As presented below, basic earnings per share is computed by dividing income available to common stockholders by the weighted average number of common shares outstanding for the period. If rights to dividends on unvested options/awards are non-forfeitable, these unvested awards/options are considered outstanding in the computation of basic earnings per share. Diluted earnings per share reflect the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock that then shared in the earnings of the Company. For purposes of computing diluted EPS, the treasury stock method is used. The following information was used in the computation of EPS on both a basic and diluted basis for the three and nine months ended March 31, 2016 and 2015: Three months ended Three months ended Nine Months Ended Nine Months Ended March 31, 2016 March 31, 2015 March 31, 2016 March 31, 2015 Net income $ 302,000 $ (309,000 ) $ 730,000 $ 115,000 Weighted average common shares applicable to basic EPS 7,447,399 7,640,717 7,583,108 7,636,884 Effect of dilutive potential common shares (1) - - - - Weighted average common shares applicable to diluted EPS 7,447,399 7,640,717 7,583,108 7,636,884 Earnings per share: Basic $ 0.04 $ (0.04 ) $ 0.10 $ 0.02 Diluted $ 0.04 $ (0.04 ) $ 0.10 $ 0.02 (1) Share and per share amounts related to periods prior to the date of the completion of the Conversion (January 7, 2016) have been restated to give retroactive recognition to the exchange ratio applied in the Conversion (1.1907 to one). (2) For the three and nine months ended March 31, 2016, options to purchase 34,529 and 237,075 shares, respectively, were outstanding but not included in the computation of earnings per share because they were anti-dilutive. For the three and nine months ended March 31, 2015, options to purchase 237,075 (1) shares were outstanding but not included in the computation of earnings per share because they were anti-dilutive.

Investment Securities

Investment Securities	9 Months Ended
	Mar. 31, 2016
Investments, Debt and Equity Securities [Abstract]
Investment Securities	NOTE 6 – Investment Securities The carrying value, estimated fair values, and gross unrealized gains and losses of investment securities by maturity and type are as follows: Amortized Gross Unrealized Fair Cost Basis Gain (Loss) Value (in thousands) March 31, 2016 Available-for-sale: Debt securities: U.S. government and government-sponsored securities: Due from one through five years $ 1,000 $ 2 $ - $ 1,002 From five through ten years 4,336 - (25 ) 4,311 5,336 2 (25 ) 5,313 Corporate bonds and other securities: Due after ten years 5,999 - (1,341 ) 4,658 U.S. Government-sponsored and guaranteed mortgage-backed securities: Due from one through five years 217 6 - 223 From five through ten years 10,930 172 (26 ) 11,076 After ten years 28,379 362 (28 ) 28,713 39,526 540 (54 ) 40,012 Non-agency mortgage-backed securities: Due after ten years 4,950 364 (354 ) 4,960 Total debt securities 55,811 906 (1,774 ) 54,943 Equity securities: Auction rate preferred - due after 10 years 10,000 - - 10,000 Total available-for-sale securities $ 65,811 $ 906 $ (1,774 ) $ 64,943 Held-to-maturity: U.S. government and government-sponsored securities: Due from one through five years $ 9,206 $ 254 $ - $ 9,460 Due after ten years 5,481 8 - 5,489 14,687 262 - 14,949 State agency and municipal obligations Due from five through ten years 458 - (1 ) 457 U.S. Government-sponsored and guaranteed mortgage-backed securities: Due from one through five years 748 34 - 782 From five through ten years 2,534 121 - 2,655 After ten years 135,169 1,926 (119 ) 136,976 138,451 2,081 (119 ) 140,413 Total held-to-maturity securities $ 153,596 $ 2,343 $ (120 ) $ 155,819 Amortized Gross Unrealized Fair Cost Basis Gain (Loss) Value (in thousands) June 30, 2015: Available-for-sale: Debt securities: U.S. government and government-sponsored securities: Due from one through five years $ 1,000 $ - $ (9 ) $ 991 Corporate bonds and other securities: Due after ten years 5,999 - (795 ) 5,204 U.S. Government-sponsored and guaranteed mortgage-backed securities: Due from one through five years 391 14 - 405 From five through ten years 9,374 125 - 9,499 After ten years 13,280 419 (1 ) 13,698 23,045 558 (1 ) 23,602 Non-agency mortgage-backed securities: Due after ten years 5,913 308 (361 ) 5,860 Total debt securities 35,957 866 (1,166 ) 35,657 Equity securities: Auction rate preferred - due after 10 years 10,000 - - 10,000 Total available-for-sale securities $ 45,957 $ 866 $ (1,166 ) $ 45,657 Held-to-maturity: U.S. government and government-sponsored securities: Due from one through five years $ 9,245 $ 70 $ (4 ) $ 9,311 From five through ten years 954 98 - 1,052 10,199 168 (4 ) 10,363 U.S. Government-sponsored and guaranteed mortgage-backed securities: Due from five through ten years 3,304 127 - 3,431 After ten years 150,593 1,845 (588 ) 151,850 153,897 1,972 (588 ) 155,281 Total held-to-maturity securities $ 164,096 $ 2,140 $ (592 ) $ 165,644 There were no sales of available-for-sale securities for the three months ended March 31, 2016 or 2015. Gains and losses on the sales of securities are recorded on the trade date and are determined using the specific identification method. There were other-than-temporary impairment charges on available-for-sale securities of $45,000 realized in income during the three months ended March 31, 2016. The write-downs included total other-than-temporary impairment losses of $174,000, net of $129,000 recognized in other comprehensive income, before taxes. There were no other-than-temporary impairment charges on available-for-sale securities realized in income during the three months ended March 31, 2015. There were no sales of available-for-sale securities for the nine months ended March 31, 2016 or 2015. There were other-than-temporary impairment charges on available-for-sale securities of $84,000 realized in income during the nine months ended March 31, 2016. The write-downs included total other-than-temporary impairment losses of $407,000, net of $323,000 recognized in other comprehensive income, before taxes. There were other-than-temporary impairment charges on available-for-sale securities of $155,000 realized in income during the nine months ended March 31, 2015. The write-downs included total other-than-temporary impairment losses of $414,000, net of $259,000 recognized in other comprehensive income, before taxes. The following is a summary of the estimated fair value and related unrealized losses segregated by category and length of time that individual securities have been in a continuous unrealized loss position at: Less than 12 months 12 months or more Total Fair Unrealized Fair Unrealized Fair Unrealized March 31, 2016: Value Losses Value Losses Value Losses Available-for-sale: (in thousands) Debt securities: U.S. Government and government-sponsored securities $ 4,311 $ 25 $ - $ - $ 4,311 $ 25 Corporate bonds and other securities - - 4,658 1,341 4,658 1,341 U.S. Government-sponsored and guaranteed mortgage-backed securities 17,425 54 - - 17,425 54 Total temporarily impaired available-for-sale 21,736 79 4,658 1,341 26,394 1,420 Held-to-maturity: State agency and municipal obligations 457 1 - - 457 1 U.S. Government-sponsored and guaranteed mortgage-backed securities 9,268 23 9,947 96 19,215 119 Total temporarily impaired held-to-maturity 9,725 24 9,947 96 19,672 120 Other-than-temporarily impaired debt securities (1): Non-agency mortgage-backed securities 40 - 2,395 354 2,435 354 Total temporarily-impaired and other- than-temporarily impaired securities $ 31,501 $ 103 $ 17,000 $ 1,791 $ 48,501 $ 1,894 Less than 12 months 12 months or more Total Fair Unrealized Fair Unrealized Fair Unrealized June 30, 2015: Value Losses Value Losses Value Losses Available-for-sale: (in thousands) Debt securities: U.S. Government and government-sponsored guaranteed securities $ - $ - $ 991 $ 9 $ 991 $ 9 Corporate bonds and other securities - - 5,204 795 5,204 795 U.S. Government-sponsored and guaranteed mortgage-backed securities 2,430 1 - - 2,430 1 Total temporarily impaired available-for-sale 2,430 1 6,195 804 8,625 805 Held-to-maturity: U.S. Government and government-sponsored securities 2,251 4 - - 2,251 4 U.S. Government-sponsored and guaranteed mortgage-backed securities 46,247 261 12,630 327 58,877 588 Total temporarily impaired held-to-maturity 48,498 265 12,630 327 61,128 592 Other-than-temporarily impaired debt securities (1): Non-agency mortgage-backed securities 563 6 3,001 355 3,564 361 Total temporarily-impaired and other- than-temporarily impaired securities $ 51,491 $ 272 $ 21,826 $ 1,486 $ 73,317 $ 1,758 (1) Includes other-than-temporary impaired available-for-sale debt securities in which a portion of the other-than-temporary impairment loss remains in accumulated other comprehensive income (loss). Management evaluates securities for OTTI at least on a quarterly basis, and more frequently when economic or market concerns warrant such evaluation. At March 31, 2016 and June 30, 2015, there were 34 and 43 individual investment securities, respectively, with aggregate depreciation of 3.8% and 2.3%, respectively, from the Company’s amortized cost basis. Management has the intent and ability to hold these securities until cost recovery occurs and considers these declines to be temporary. The unrealized losses on the Company’s investment in U.S. Government-sponsored agency bonds and U.S. government-guaranteed and government-sponsored residential mortgage-backed securities were primarily caused by interest rate fluctuations. These investments are guaranteed or sponsored by the U.S. government or an agency thereof. Accordingly, it is expected that the securities would not be settled at a price less than the par value of the investment. Because the decline in market value is attributable to changes in interest rates and not to credit quality, and because the Company does not intend to sell the investments and it is not more likely than not that the Company will be required to sell the investments before recovery of their amortized cost bases, which may be maturity, the Company does not consider these investments to be other-than-temporarily impaired at March 31, 2016. The Company’s unrealized losses on investments in corporate bonds and other securities relate to investments in companies within the financial services sector. As of March 31, 2016, the Company had five investments in corporate single-issuer trust preferred securities (TRUPs) with a total book value of $6.0 million and total fair value of $4.7 million, all of which were classified as available-for-sale. The single-issuer trust preferred investments are evaluated for other-than-temporary impairment by performing a present value of cash flows each quarter. None of the issuers have deferred interest payments or announced the intention to defer interest payments. The Company believes the decline in fair value is related to the spread over three-month LIBOR, on which the quarterly interest payments are based, as the spread over LIBOR being received is significantly lower than current market spreads. Management concluded the impairment of these investments was considered temporary and asserts that the Company does not have the intent to sell these investments and that it is more likely than not it will not have to sell the investments before recovery of their cost bases which may be at maturity. For the three and nine months ended March 31, 2016, securities with other-than-temporary impairment losses recognized in earnings consisted of non-agency mortgage-backed securities. For these debt securities, the Company estimated the portion of loss attributable to credit loss using a discounted cash flow model. Significant inputs included the estimated cash flows of the underlying loans based on key assumptions, such as default rate, loss severity and prepayment rate. Assumptions can vary widely from security to security, and are influenced by such factors as loan interest rate, geographical location of the borrower, borrower characteristics and collateral type. The present value of the expected cash flows was compared to the Company’s amortized cost basis to determine the credit-related impairment loss. Based on the expected cash flows derived from the model, the Company expects to recover the remaining unrealized losses on these securities. The following table represents a roll-forward of the amount of credit losses on debt securities for which a portion of other-than-temporary impairment was recognized in other comprehensive income (loss) (in thousands): Balance as of June 30, 2014 $ 15,743 Credit losses on securities for which other-than-temporary impairment was not previously recorded - Additional credit losses on securities for which an other-than-temporary impairment charge was previously recorded 155 Reductions for securities sold during the period - Balance as of March 31, 2015 $ 15,898 Balance as of June 30, 2015 $ 15,898 Credit losses on securities for which other-than-temporary impairment was not previously recorded - Additional credit losses on securities for which an other-than-temporary impairment charge was previously recorded 84 Reductions for securities sold during the period - Balance as of March 31, 2016 $ 15,982

Loans

Loans	9 Months Ended
	Mar. 31, 2016
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]
Loans	NOTE 7 – Loans The following table sets forth the composition of our loan portfolio at March 31, 2016 and June 30, 2015: March 31, June 30, 2016 2015 (in thousands) Real Estate: Residential (1) $ 189,276 $ 178,989 Commercial 43,195 41,762 Residential construction 2,218 1,318 Commercial 7,009 3,327 Consumer and other 714 701 Total loans 242,412 226,097 Unadvanced construction loans (3,009 ) (680 ) 239,403 225,417 Net deferred loan costs 1,023 804 Allowance for loan losses (2,282 ) (2,175 ) Loans, net $ 238,144 $ 224,046 (1) Residential real estate loans include one-to four-family mortgage loans, second mortgage loans, and home equity lines of credit. Credit Quality Information The Company utilizes a nine grade internal loan rating system as follows: Loans rated 1 - 5 are considered “pass” rated loans with low to average risk. Loans rated 6 are considered “special mention.” These loans are starting to show signs of potential weakness and are being closely monitored by management. Loans rated 7 are considered “substandard.” Generally, a loan is considered substandard if it is inadequately protected by the current net worth and paying capacity of the obligors and/or the collateral pledged. There is a distinct possibility that the Company will sustain some loss if the weakness is not corrected. Loans rated 8 are considered “doubtful.” Loans classified as doubtful have all the weaknesses inherent in those classified substandard with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, highly questionable and improbable. Loans rated 9 are considered uncollectible (“loss”) and of such little value that their continuance as loans is not warranted. On an annual basis, or more often if needed, the Company formally reviews the ratings on all commercial real estate, construction and commercial loans. Annually, the Company engages an independent third-party to review a significant portion of loans within these segments. Management uses the results of these reviews as part of its annual review process. Credit quality for residential real estate and consumer/other loans is determined by monitoring loan payment history and ongoing communications with the borrower. The following table presents the Company’s loan classes by internally assigned grades at March 31, 2016 and June 30, 2015: Residential Commercial Residential Consumer March 31, 2016 Real Estate Real Estate Construction Commercial and other Total (in thousands) Grade: Pass $ 185,304 $ 35,091 $ 966 $ 6,960 $ 713 $ 229,034 Special Mention 424 440 - - - 864 Substandard 3,548 5,840 - 49 1 9,438 Doubtful - 67 - - - 67 Loss - - - - - - Total $ 189,276 $ 41,438 $ 966 $ 7,009 $ 714 $ 239,403 Residential Commercial Residential Consumer June 30, 2015 Real Estate Real Estate Construction Commercial and other Total (in thousands) Grade: Pass $ 175,677 $ 34,052 $ 763 $ 3,246 $ 700 $ 214,438 Special Mention 442 2,159 - - - 2,601 Substandard 2,870 3,716 - 81 1 6,668 Doubtful - 1,710 - - - 1,710 Loss - - - - - - Total $ 178,989 $ 41,637 $ 763 $ 3,327 $ 701 $ 225,417 There were no modifications deemed to be troubled debt restructures during the three and nine months ended March 31, 2016 and 2015. There was one residential real estate troubled debt restructuring in the amount of $200,000 that subsequently defaulted (defined as 30 or more days past due subsequent to restructuring) within one year of modification during the nine months ended March 31, 2015. There were no troubled debt restructurings that subsequently defaulted within one year of modification during the three and nine months ended March 31, 2016 or the three months ended March 31, 2015.

Non-performing Assets, Past Due

Non-performing Assets, Past Due and Impaired Loans	9 Months Ended
	Mar. 31, 2016
Non Performing Assets [Abstract]
Non-performing Assets, Past Due and Impaired Loans	NOTE 8 – Non-performing Assets, Past Due and Impaired Loans The table below sets forth the amounts and categories of non-performing assets at the dates indicated: At March 31, At June 30, 2016 2015 (Dollars in thousands) Non-accrual loans: Real Estate: Residential $ 3,369 $ 2,731 Commercial 856 2,886 Commercial 17 22 Consumer 1 1 Total non-accrual loans 4,243 5,640 Accruing loans past due 90 days or more - - Total non-performing loans 4,243 5,640 Other real estate owned 2,007 3,155 Total non-performing assets $ 6,250 $ 8,795 Total non-performing loans to total loans 1.77 % 2.50 % Total non-performing assets to total assets 1.26 % 1.86 % Management is focused on working with borrowers and guarantors to resolve non-accrual loans by restructuring or liquidating assets when prudent. Many of our commercial relationships are secured by development loans, in particular condominiums which have experienced a significant reduction in demand. The Bank reviews the strength of the guarantors; requires face to face discussions and offers restructuring suggestions that provide the borrowers with short term relief and exit strategies. The Bank obtains a current appraisal on all real estate secured loans that are 180 days or more past due if the appraisal on file is older than one year. If the determination is made that there is the potential for collateral shortfall, an allocated reserve will be assigned to the loan for the expected deficiency. It is the policy of the Bank to charge off or write down loans or other assets when, in the opinion of the Credit Committee and Loan Review, the ultimate amount recoverable is less than the carrying value, or the collection of the amount is expected to be unduly prolonged. The level of non-performing assets is expected to fluctuate in response to changing economic and market conditions, and the relative sizes of the respective loan portfolios, along with management’s degree of success in resolving problem assets. Management takes a proactive approach with respect to the identification and resolution of problem loans. The following table sets forth information regarding past due loans at March 31, 2016 and June 30, 2015: 90 days 30–59 Days 60–89 Days or greater Total At March 31, 2016 Past Due Past Due Past Due Past Due (in thousands) Real Estate: Residential $ 1,943 $ 19 $ 369 $ 2,331 Commercial 827 - 67 894 Consumer and other 1 - - 1 Total $ 2,771 $ 19 $ 436 $ 3,226 At June 30, 2015 Real Estate: Residential $ 290 $ 193 $ 755 $ 1,238 Commercial - - 2,316 2,316 Consumer and other 4 - - 4 Total $ 294 $ 193 $ 3,071 $ 3,558 The following is a summary of information pertaining to impaired loans at March 31, 2016 and June 30, 2015: At March 31, 2016 At June 30, 2015 Unpaid Unpaid Recorded Principal Related Recorded Principal Related Investment Balance Allowance Investment Balance Allowance Impaired loans without a valuation allowance: (in thousands) Real Estate: Residential $ 951 $ 982 $ 868 $ 873 Commercial 2,593 3,308 4,138 4,678 Commercial 17 18 2 2 Total impaired with no valuation allowance $ 3,561 $ 4,308 $ 5,008 $ 5,553 Impaired loans with a valuation allowance: Real Estate: Residential $ 1,205 $ 1,279 $ 70 $ 1,545 $ 1,619 $ 103 Commercial - - - 22 22 17 Total impaired with a valuation allowance $ 1,205 $ 1,279 $ 70 $ 1,567 $ 1,641 $ 120 Total impaired loans: Real Estate: Residential $ 2,156 $ 2,261 $ 70 $ 2,413 $ 2,492 $ 103 Commercial 2,593 3,308 - 4,138 4,678 - Commercial 17 18 - 24 24 17 Total impaired loans $ 4,766 $ 5,587 $ 70 $ 6,575 $ 7,194 $ 120 The following is a summary of additional information pertaining to impaired loans: Three months ended Three months ended March 31, 2016 March 31, 2015 Average Interest Interest Income Average Interest Interest Income Recorded Income Recognized Recorded Income Recognized Investment Recognized on Cash Basis Investment Recognized on Cash Basis (in thousands) Real Estate: Residential $ 2,168 $ 9 $ 2 $ 2,938 $ 12 $ 1 Commercial 2,786 38 - 4,575 20 - Commercial 18 - - 398 4 - Total impaired loans $ 4,972 $ 47 $ 2 $ 7,911 $ 36 $ 1 Nine months ended Nine months ended March 31, 2016 March 31, 2015 Average Interest Interest Income Average Interest Interest Income Recorded Income Recognized Recorded Income Recognized Investment Recognized on Cash Basis Investment Recognized on Cash Basis (in thousands) Real Estate: Residential $ 2,251 $ 34 $ 10 $ 3,282 $ 35 $ 1 Commercial 3,411 74 - 4,438 61 - Commercial 110 4 - 371 16 - Total impaired loans $ 5,772 $ 112 $ 10 $ 8,091 $ 112 $ 1

Allowance for Loan Losses

Allowance for Loan Losses	9 Months Ended
	Mar. 31, 2016
Receivables [Abstract]
Allowance for Loan Losses	NOTE 9 – Allowance for Loan Losses An analysis of the allowance for loan losses for the three and nine months ended March 31, 2016 and 2015 is as follows: Three months ended March 31, 2016 Residential Commercial Residential Consumer Real Estate Real Estate Construction Commercial and Other Unallocated Total Allowance for loan losses: (in thousands) Beginning balance $ 1,118 $ 968 $ 9 $ 52 $ 30 $ 128 $ 2,305 Charge-offs (30 ) - - - (13 ) - (43 ) Recoveries 12 3 - - 5 - 20 Provision (credit) 23 25 (2 ) 4 4 (54 ) - Ending Balance $ 1,123 $ 996 $ 7 $ 56 $ 26 $ 74 $ 2,282 Three months ended March 31, 2015 Residential Commercial Residential Consumer Real Estate Real Estate Construction Commercial and Other Unallocated Total Allowance for loan losses: (in thousands) Beginning balance $ 1,117 $ 878 $ 13 $ 13 $ 22 $ 81 $ 2,124 Charge-offs (93 ) (547 ) - - (10 ) - (650 ) Recoveries 12 175 - 3 - - 190 Provision (credit) 85 508 (5 ) (4 ) 13 (17 ) 580 Ending Balance $ 1,121 $ 1,014 $ 8 $ 12 $ 25 $ 64 $ 2,244 Nine months ended March 31, 2016 Residential Commercial Residential Consumer Real Estate Real Estate Construction Commercial and other Unallocated Total Allowance for loan losses: (in thousands) Beginning balance $ 1,091 $ 906 $ 5 $ 41 $ 26 $ 106 $ 2,175 Charge-offs (71 ) (620 ) - - (39 ) - (730 ) Recoveries 36 165 - 9 14 - 224 Provision (credit) 67 545 2 6 25 (32 ) 613 Ending Balance $ 1,123 $ 996 $ 7 $ 56 $ 26 $ 74 $ 2,282 Nine months ended March 31, 2015 Residential Commercial Residential Consumer Real Estate Real Estate Construction Commercial and other Unallocated Total Allowance for loan losses: (in thousands) Beginning balance $ 1,279 $ 907 $ 13 $ 12 $ 24 $ 145 $ 2,380 Charge-offs (99 ) (879 ) - - (36 ) - (1,014 ) Recoveries 34 175 - 9 10 - 228 Provision (credit) (93 ) 811 (5 ) (9 ) 27 (81 ) 650 Ending Balance $ 1,121 $ 1,014 $ 8 $ 12 $ 25 $ 64 $ 2,244 Further information pertaining to the allowance for loan losses at March 31, 2016 and June 30, 2015 is as follows: At March 31, 2016 Residential Commercial Residential Consumer Real Estate Real Estate Construction Commercial and Other Unallocated Total (in thousands) Amount of allowance for loan losses for impaired loans $ 70 $ - $ - $ - $ - $ - $ 70 Amount of allowance for loan losses for non-impaired loans $ 1,053 $ 996 $ 7 $ 56 $ 26 $ 74 $ 2,212 Impaired loans $ 2,156 $ 2,593 $ - $ 17 $ - $ - $ 4,766 Non-impaired loans $ 187,120 $ 38,845 $ 966 $ 6,992 $ 714 $ - $ 234,637 At June 30, 2015 Residential Commercial Residential Consumer Real Estate Real Estate Construction Commercial and Other Unallocated Total (in thousands) Amount of allowance for loan losses for impaired loans $ 103 $ - $ - $ 17 $ - $ - $ 120 Amount of allowance for loan losses for non-impaired loans $ 988 $ 906 $ 5 $ 24 $ 26 $ 106 $ 2,055 Impaired loans $ 2,413 $ 4,138 $ - $ 24 $ - $ - $ 6,575 Non-impaired loans $ 176,576 $ 37,499 $ 763 $ 3,303 $ 701 $ - $ 218,842

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss)	9 Months Ended
	Mar. 31, 2016
Accumulated Other Comprehensive Income (Loss), Net Of Tax [Abstract]
Accumulated Other Comprehensive Income (Loss)	NOTE 10 – Accumulated Other Comprehensive Income (Loss) Accounting principles generally require that recognized revenue, expenses, gains and losses be included in net income. Although certain changes in assets and liabilities are reported as a separate component of the equity section of the consolidated balance sheets, such items are components of accumulated other comprehensive income (loss). The components of accumulated other comprehensive loss and related tax effects are as follows: March 31, June 30, 2016 2015 (in thousands) Net unrealized loss on securities available-for-sale $ (868 ) $ (300 ) Tax effect 296 102 Accumulated other comprehensive loss $ (572 ) $ (198 )

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Mar. 31, 2016
Fair Value Disclosures [Abstract]
FAIR VALUE MEASURMENTS	NOTE 11 – FAIR VALUE MEASUREMENTS The Company groups its assets measured at fair value in three levels, based on the markets in which the assets are traded and the reliability of the assumptions used to determine fair value as follows: Level 1 – Valuations for assets traded in active exchange markets, such as the New York Stock Exchange. Valuations are obtained from readily available pricing sources for market transactions involving identical assets. Level 2 – Valuations for assets traded in less active dealer or broker markets. Valuations are obtained from third party pricing services for identical or comparable assets. Level 3 – Valuations for assets that are derived from other methodologies, including option pricing models, discounted cash flow models and similar techniques, and not based on market exchange, dealer, or broker traded transactions. Level 3 valuations incorporate certain assumptions and projections in determining the fair value assigned to such assets. A financial instrument’s level within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement. A description of the valuation methodologies used for instruments measured at fair value, as well as the general classification of such instruments pursuant to the valuation hierarchy, is set forth below. These valuation methodologies were applied to all of the Company’s assets carried at fair value for March 31, 2016. The Company’s mortgage-backed securities and other debt securities available-for-sale are generally classified within Level 2 of the fair value hierarchy. For these securities, we obtain fair value measurements from independent pricing services, which are not adjusted by management. The fair value measurements consider observable data that may include dealer quotes, market spreads, cash flows, the U. S. treasury yield curve, trading levels, market consensus prepayment speeds, credit information and the instrument’s terms and conditions. Level 3 is for positions that are not traded in active markets or are subject to transfer restrictions, valuations are adjusted to reflect illiquidity and/or non-transferability, and such adjustments are generally based on available market evidence. In the absence of such evidence, management’s best estimate is used. Subsequent to inception, management only changes Level 3 inputs and assumptions when corroborated by evidence such as transactions in similar instruments, completed or pending third-party transactions in the underlying investment or comparable entities, subsequent rounds of financing, recapitalization and other transactions across the capital structure, offerings in the equity or debt markets, and changes in financial ratios or cash flows. The Company’s impaired loans and other real estate owned are reported at the fair value of the underlying collateral if repayment is expected solely from the collateral. Collateral values are estimated using Level 3 inputs based upon appraisals of similar properties obtained from a third party and adjusted by management as needed. The Company did not have any transfers of assets between Levels 1 and 2 of the fair value hierarchy during the nine months ended March 31, 2016. The following summarizes assets measured at fair value on a recurring basis at March 31, 2016 and June 30, 2015: Quoted Prices in Significant Significant Active Markets for Other Observable Unobservable At March 31, 2016 Total Fair Identical Assets Inputs Inputs (in thousands) Value Level 1 Level 2 Level 3 Securities available-for-sale: U.S. government and government-sponsored securities $ 5,313 $ - $ 5,313 $ - Corporate bonds and other securities 4,658 - 4,658 - U.S. Government-sponsored and guaranteed mortgage-backed securities 40,012 - 40,012 - Non-agency mortgage-backed securities 4,960 - 4,960 - Equity securities 10,000 - - 10,000 Total $ 64,943 $ - $ 54,943 $ 10,000 Quoted Prices in Significant Significant Active Markets for Other Observable Unobservable At June 30, 2015 Total Fair Identical Assets Inputs Inputs (in thousands) Value Level 1 Level 2 Level 3 Securities available-for-sale: U.S. government and government-sponsored securities $ 991 $ - $ 991 $ - Corporate bonds and other securities 5,204 - 5,204 - U.S. Government-sponsored and guaranteed mortgage-backed securities 23,602 - 23,602 - Non-agency mortgage-backed securities 5,860 - 5,860 - Equity securities 10,000 - - 10,000 Total $ 45,657 $ - $ 35,657 $ 10,000 The table below represents the changes in level 3 assets measured at fair value for the nine months ended March 31, 2016. (in thousands) Beginning balance, June 30, 2015 $ 10,000 Unrealized losses included in other comprehensive income - Ending balance, March 31, 2016 $ 10,000 The following summarizes assets measured at fair value on a non-recurring basis and the adjustments to the carrying value at and for the three and nine months ended March 31, 2016 and 2015: Quoted Prices in Total Losses Total Losses Active Markets for Significant Other Significant for the three for the nine At March 31, 2016 Total Fair Identical Assets Observable Inputs Unobservable Inputs months ended months ended Value Level 1 Level 2 Level 3 March 31, 2016 March 31, 2016 (in thousands) Impaired loans $ 1,020 $ - $ - $ 1,020 $ - $ (647 ) Other real estate owned 111 - - 111 - (28 ) $ 1,131 $ - $ - $ 1,131 $ - $ (675 ) Quoted Prices in Total Losses Total Losses Active Markets for Significant Other Significant for the three for the nine At March 31, 2015 Total Fair Identical Assets Observable Inputs Unobservable Inputs months ended months ended Value Level 1 Level 2 Level 3 March 31, 2015 March 31, 2015 (in thousands) Impaired loans $ 1,397 $ - $ - $ 1,397 $ (211 ) $ (411 ) Other real estate owned 82 - - 82 - (33 ) $ 1,479 $ - $ - $ 1,479 $ (211 ) $ (444 ) The amount of loans represents the carrying value of impaired loans net of related write-downs and valuation allowances for which adjustments are based on the estimated fair value of the underlying collateral. The amount of other real estate owned represents the carrying value for which write-downs are based on the estimated fair value of the property. Fair value estimates are made at a specific point in time, based on relevant market information and information about the financial instrument. These estimates do not reflect any premium or discount that could result from offering for sale at one time the Company’s entire holdings of a particular financial instrument. Because a market may not readily exist for a significant portion of the Company’s financial instruments, fair value estimates are based on judgments regarding future expected loss experience, current economic conditions, risk characteristics of various financial instruments, and other factors. These estimates are subjective in nature and involve uncertainties and matters of significant judgment and therefore cannot be determined with precision. Changes in assumptions could significantly affect the estimates. There were no liabilities measured at fair value on a recurring or non-recurring basis at March 31, 2016 or June 30, 2015. The following methods and assumptions were used by the Company in estimating fair values of its financial instruments: Cash and Cash Equivalents. Investment Securities and FHLBB Stock. Loans. The fair values of residential, commercial real estate, residential construction, commercial and consumer and other loans were estimated by discounting the anticipated cash flows from the respective portfolios. Estimates of the timing and amount of these cash flows considered factors such as future loan prepayments. The discount rates reflected current market rates for loans with similar terms to borrowers of similar credit quality. The fair value of home equity lines of credit was based on the outstanding loan balances. Fair values for non-performing loans are estimated using discounted cash flow analyses or underlying collateral values, where applicable. Deposits and Mortgagors’ Escrow. Federal Home Loan Bank Advances. Securities Sold Under Agreements to Repurchase. Accrued Interest. Off-Balance Sheet Instruments. Summary of Fair Values of Financial Instruments. The following table presents the carrying amount and estimated fair values of the Company’s financial instruments, all of which are held or issued for purposes other than trading, as of March 31, 2016 and June 30, 2015: March 31, 2016 Carrying Fair Value Hierarchy Fair Amount Level 1 Level 2 Level 3 Value (in thousands) Financial assets: Cash and cash equivalents $ 9,095 $ 9,095 $ - $ - $ 9,095 Securities available-for-sale 64,943 - 54,943 10,000 64,943 Securities held-to-maturity 153,596 - 155,819 - 155,819 Federal Home Loan Bank stock 3,967 - - 3,967 3,967 Loans, net 238,144 - - 241,465 241,465 Accrued interest receivable 1,190 - - 1,190 1,190 Financial liabilities: Deposits 354,129 - - 355,557 355,557 Mortgagors' escrow accounts 1,454 - - 1,454 1,454 Federal Home Loan Bank advances 52,500 - 53,891 - 53,891 Securities sold under agreements to repurchase 2,415 - 2,415 - 2,415 Accrued interest payable 117 - - 117 117 June 30, 2015 Carrying Fair Value Hierarchy Fair Amount Level 1 Level 2 Level 3 Value (in thousands) Financial assets: Cash and cash equivalents $ 5,326 $ 5,326 $ - $ - $ 5,326 Securities available-for-sale 45,657 - 35,657 10,000 45,657 Securities held-to-maturity 164,096 - 165,644 - 165,644 Federal Home Loan Bank stock 5,371 - - 5,371 5,371 Loans, net 224,046 - - 226,308 226,308 Accrued interest receivable 1,051 - - 1,051 1,051 Financial liabilities: Deposits 357,641 - - 359,253 359,253 Mortgagors' escrow accounts 2,363 - - 2,363 2,363 Federal Home Loan Bank advances 56,740 - 58,095 - 58,095 Securities sold under agreements to repurchase 2,797 - 2,797 - 2,797 Accrued interest payable 114 - - 114 114

Subsequent Events

Subsequent Events	9 Months Ended
	Mar. 31, 2016
Subsequent Events [Abstract]
Subsequent Events - Dividends	NOTE 12 – Subsequent Events On April 6, 2016, the Board of Directors of PB Bancorp, Inc. declared a cash dividend of $0.025 a share for all stockholders of record as of April 20, 2016, which is payable on May 4, 2016. Please refer to Note 1 and Part II – Other Information for details of the reorganization.

Commitments to Extend Credit

Commitments to Extend Credit	9 Months Ended
	Mar. 31, 2016
Commitments To Extend Credit [Abstract]
Commitments to Extend Credit	NOTE 13 – Commitments to Extend Credit The Company is party to financial instruments with off-balance sheet risk in the normal course of business to meet the financing needs of its customers. These financial instruments include commitments to extend credit. These commitments involve, to varying degrees, elements of credit and interest rate risk in excess of the amounts recognized in the consolidated balance sheets. The contractual amounts of outstanding commitments were as follows: March 31, June 30, 2016 2015 (in thousands) Commitments to extend credit: Loan commitments $ 5,304 $ 3,557 Unadvanced construction loans 3,009 787 Unadvanced lines of credit 13,076 13,482 Standby letters of credit 395 396 Outstanding commitments $ 21,784 $ 18,222

Critical Accounting Policies (P

Critical Accounting Policies (Policies)	9 Months Ended
	Mar. 31, 2016
New Accounting Pronouncements and Changes In Accounting Principles [Abstract]
Loans	Loans The accrual of interest on all loans is discontinued at the time the loan is 90 days past due unless the credit is well-secured and in process of collection. Past due status is based on contractual terms of the loan. In all cases, loans are placed on non-accrual status if collection of principal or interest is considered doubtful. All interest accrued but not collected for loans that are placed on non-accrual status is reversed against interest income. The interest on these loans is accounted for on the cash-basis or cost-recovery method, until qualifying for return to accrual status. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured.
Allowance for Loan Losses	Allowance for Loan Losses The allowance for loan losses is evaluated on a quarterly basis by management. This evaluation is inherently subjective as it requires estimates that are susceptible to significant revision as more information becomes available. The allowance consists of general, specific and unallocated components, as further described below.
General component	General component The general component of the allowance for loan losses is based on historical loss experience adjusted for qualitative factors stratified by the following loan segments: residential real estate, commercial real estate, construction, commercial and consumer/other. Management uses a rolling average of historical losses based on a time frame appropriate to capture relevant loss data for each loan segment. This historical loss factor is adjusted for the following qualitative factors: levels/trends in delinquencies; trends in volume and terms of loans; concentrations; changes in lending policies and procedures; experience/ability/depth of lending management and staff; loan rating migration; the effect of other external factors; changes in the value of underlying collateral; changes in the loan review system and national and local economic trends and conditions. The qualitative factors are determined based on the various risk characteristics of each loan segment. Risk characteristics relevant to each portfolio segment are as follows: Residential real estate - The Company does not originate loans with a loan-to-value ratio greater than 100% and does not originate subprime loans. Loans originated with a loan-to-value ratio greater than 80% generally require private mortgage insurance. All loans in this segment are collateralized by owner-occupied residential real estate and repayment is dependent on the credit quality of the individual borrower. The overall health of the economy, including unemployment rates and housing prices, will have an effect on the credit quality in this segment. Commercial real estate - Loans in this segment are primarily income-producing properties throughout New England. The underlying cash flows generated by the properties are adversely impacted by a downturn in the economy as evidenced by increased vacancy rates, which in turn, will have an effect on the credit quality in this segment. Management obtains rent rolls annually and continually monitors the cash flows of these loans. Construction – Loans in this segment primarily include speculative real estate development loans for which payment is derived from sale of the property. Credit risk is affected by the accuracy of estimated costs to complete the project, cost overruns, time to sell at an adequate price, and market conditions. Commercial – Loans in this segment are made to businesses and are generally secured by assets of the business. Repayment is expected from the cash flows of the business. A weakened economy, and resultant decreased consumer spending, will have an effect on the credit quality in this segment. Consumer/other - Loans in this segment are generally unsecured and repayment is dependent on the credit quality of the individual borrower.
Specific component	Specific component The specific component relates to loans that are classified as impaired. Impairment is measured on a loan by loan basis by either the present value of expected future cash flows discounted at the loan’s effective interest rate or the fair value of the collateral if the loan is collateral dependent or foreclosure is probable. An allowance is established when the discounted cash flows (or collateral value) of the impaired loan is lower than the carrying value of that loan. Large groups of smaller balance homogeneous loans are collectively evaluated for impairment. Accordingly, the Company does not separately identify individual consumer/other and residential real estate loans for impairment disclosures, unless such loans are 90 days or more past due or subject to a troubled debt restructuring (“TDR”) agreement. 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. The Company periodically may agree to modify the contractual terms of loans. When a loan is modified and a concession is made to a borrower experiencing financial difficulty, the modification is considered a TDR. All TDRs are classified as impaired.
Unallocated component	Unallocated component An unallocated component is maintained to cover uncertainties that could affect management’s estimate of probable losses. The unallocated component of the allowance reflects the margin of imprecision inherent in the underlying assumptions used in the methodologies for estimating specific and general reserves in the portfolio.
Goodwill	Goodwill
Other-Than-Temporary Impairment of Securities	Other-Than-Temporary Impairment of Securities.
Income Taxes	Income Taxes. Management has discussed the development and selection of these critical accounting policies with the Audit Committee.

Earnings Per Share (EPS) (Table

Earnings Per Share (EPS) (Tables)	9 Months Ended
	Mar. 31, 2016
Earnings Per Share [Abstract]
Schedule of computation of EPS on basic and diluted basis	Three months ended Three months ended Nine Months Ended Nine Months Ended March 31, 2016 March 31, 2015 March 31, 2016 March 31, 2015 Net income $ 302,000 $ (309,000 ) $ 730,000 $ 115,000 Weighted average common shares applicable to basic EPS 7,447,399 7,640,717 7,583,108 7,636,884 Effect of dilutive potential common shares (1) - - - - Weighted average common shares applicable to diluted EPS 7,447,399 7,640,717 7,583,108 7,636,884 Earnings per share: Basic $ 0.04 $ (0.04 ) $ 0.10 $ 0.02 Diluted $ 0.04 $ (0.04 ) $ 0.10 $ 0.02 (1) Share and per share amounts related to periods prior to the date of the completion of the Conversion (January 7, 2016) have been restated to give retroactive recognition to the exchange ratio applied in the Conversion (1.1907 to one). (2) For the three and nine months ended March 31, 2016, options to purchase 34,529 and 237,075 shares, respectively, were outstanding but not included in the computation of earnings per share because they were anti-dilutive. For the three and nine months ended March 31, 2015, options to purchase 237,075 (1) shares were outstanding but not included in the computation of earnings per share because they were anti-dilutive.

Investment Securities (Tables)

Investment Securities (Tables)	9 Months Ended
	Mar. 31, 2016
Investments, Debt and Equity Securities [Abstract]
Schedule of carrying value and estimated fair values of investment securities by maturity	Amortized Gross Unrealized Fair Cost Basis Gain (Loss) Value (in thousands) March 31, 2016 Available-for-sale: Debt securities: U.S. government and government-sponsored securities: Due from one through five years $ 1,000 $ 2 $ - $ 1,002 From five through ten years 4,336 - (25 ) 4,311 5,336 2 (25 ) 5,313 Corporate bonds and other securities: Due after ten years 5,999 - (1,341 ) 4,658 U.S. Government-sponsored and guaranteed mortgage-backed securities: Due from one through five years 217 6 - 223 From five through ten years 10,930 172 (26 ) 11,076 After ten years 28,379 362 (28 ) 28,713 39,526 540 (54 ) 40,012 Non-agency mortgage-backed securities: Due after ten years 4,950 364 (354 ) 4,960 Total debt securities 55,811 906 (1,774 ) 54,943 Equity securities: Auction rate preferred - due after 10 years 10,000 - - 10,000 Total available-for-sale securities $ 65,811 $ 906 $ (1,774 ) $ 64,943 Held-to-maturity: U.S. government and government-sponsored securities: Due from one through five years $ 9,206 $ 254 $ - $ 9,460 Due after ten years 5,481 8 - 5,489 14,687 262 - 14,949 State agency and municipal obligations Due from five through ten years 458 - (1 ) 457 U.S. Government-sponsored and guaranteed mortgage-backed securities: Due from one through five years 748 34 - 782 From five through ten years 2,534 121 - 2,655 After ten years 135,169 1,926 (119 ) 136,976 138,451 2,081 (119 ) 140,413 Total held-to-maturity securities $ 153,596 $ 2,343 $ (120 ) $ 155,819 Amortized Gross Unrealized Fair Cost Basis Gain (Loss) Value (in thousands) June 30, 2015: Available-for-sale: Debt securities: U.S. government and government-sponsored securities: Due from one through five years $ 1,000 $ - $ (9 ) $ 991 Corporate bonds and other securities: Due after ten years 5,999 - (795 ) 5,204 U.S. Government-sponsored and guaranteed mortgage-backed securities: Due from one through five years 391 14 - 405 From five through ten years 9,374 125 - 9,499 After ten years 13,280 419 (1 ) 13,698 23,045 558 (1 ) 23,602 Non-agency mortgage-backed securities: Due after ten years 5,913 308 (361 ) 5,860 Total debt securities 35,957 866 (1,166 ) 35,657 Equity securities: Auction rate preferred - due after 10 years 10,000 - - 10,000 Total available-for-sale securities $ 45,957 $ 866 $ (1,166 ) $ 45,657 Held-to-maturity: U.S. government and government-sponsored securities: Due from one through five years $ 9,245 $ 70 $ (4 ) $ 9,311 From five through ten years 954 98 - 1,052 10,199 168 (4 ) 10,363 U.S. Government-sponsored and guaranteed mortgage-backed securities: Due from five through ten years 3,304 127 - 3,431 After ten years 150,593 1,845 (588 ) 151,850 153,897 1,972 (588 ) 155,281 Total held-to-maturity securities $ 164,096 $ 2,140 $ (592 ) $ 165,644
Schedule of the estimated fair value and related unrealized losses segregated by category and length of time that individual securities have been in a continuous unrealized loss position	Less than 12 months 12 months or more Total Fair Unrealized Fair Unrealized Fair Unrealized March 31, 2016: Value Losses Value Losses Value Losses Available-for-sale: (in thousands) Debt securities: U.S. Government and government-sponsored securities $ 4,311 $ 25 $ - $ - $ 4,311 $ 25 Corporate bonds and other securities - - 4,658 1,341 4,658 1,341 U.S. Government-sponsored and guaranteed mortgage-backed securities 17,425 54 - - 17,425 54 Total temporarily impaired available-for-sale 21,736 79 4,658 1,341 26,394 1,420 Held-to-maturity: State agency and municipal obligations 457 1 - - 457 1 U.S. Government-sponsored and guaranteed mortgage-backed securities 9,268 23 9,947 96 19,215 119 Total temporarily impaired held-to-maturity 9,725 24 9,947 96 19,672 120 Other-than-temporarily impaired debt securities (1): Non-agency mortgage-backed securities 40 - 2,395 354 2,435 354 Total temporarily-impaired and other- than-temporarily impaired securities $ 31,501 $ 103 $ 17,000 $ 1,791 $ 48,501 $ 1,894 Less than 12 months 12 months or more Total Fair Unrealized Fair Unrealized Fair Unrealized June 30, 2015: Value Losses Value Losses Value Losses Available-for-sale: (in thousands) Debt securities: U.S. Government and government-sponsored guaranteed securities $ - $ - $ 991 $ 9 $ 991 $ 9 Corporate bonds and other securities - - 5,204 795 5,204 795 U.S. Government-sponsored and guaranteed mortgage-backed securities 2,430 1 - - 2,430 1 Total temporarily impaired available-for-sale 2,430 1 6,195 804 8,625 805 Held-to-maturity: U.S. Government and government-sponsored securities 2,251 4 - - 2,251 4 U.S. Government-sponsored and guaranteed mortgage-backed securities 46,247 261 12,630 327 58,877 588 Total temporarily impaired held-to-maturity 48,498 265 12,630 327 61,128 592 Other-than-temporarily impaired debt securities (1): Non-agency mortgage-backed securities 563 6 3,001 355 3,564 361 Total temporarily-impaired and other- than-temporarily impaired securities $ 51,491 $ 272 $ 21,826 $ 1,486 $ 73,317 $ 1,758 (1) Includes other-than-temporary impaired available-for-sale debt securities in which a portion of the other-than-temporary impairment loss remains in accumulated other comprehensive income (loss).
Schedule of the amount of credit losses on debt securities for which a portion of an other-than-temporary impairment was recognized in other comprehensive income	Balance as of June 30, 2014 $ 15,743 Credit losses on securities for which other-than-temporary impairment was not previously recorded - Additional credit losses on securities for which an other-than-temporary impairment charge was previously recorded 155 Reductions for securities sold during the period - Balance as of March 31, 2015 $ 15,898 Balance as of June 30, 2015 $ 15,898 Credit losses on securities for which other-than-temporary impairment was not previously recorded - Additional credit losses on securities for which an other-than-temporary impairment charge was previously recorded 84 Reductions for securities sold during the period - Balance as of March 31, 2016 $ 15,982

Loans (Tables)

Loans (Tables)	9 Months Ended
	Mar. 31, 2016
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]
Schedule of composition of loan portfolio	March 31, June 30, 2016 2015 (in thousands) Real Estate: Residential (1) $ 189,276 $ 178,989 Commercial 43,195 41,762 Residential construction 2,218 1,318 Commercial 7,009 3,327 Consumer and other 714 701 Total loans 242,412 226,097 Unadvanced construction loans (3,009 ) (680 ) 239,403 225,417 Net deferred loan costs 1,023 804 Allowance for loan losses (2,282 ) (2,175 ) Loans, net $ 238,144 $ 224,046 (1) Residential real estate loans include one-to four-family mortgage loans, second mortgage loans, and home equity lines of credit.
Schedule of the company's loan classes by internally assigned grades	Residential Commercial Residential Consumer March 31, 2016 Real Estate Real Estate Construction Commercial and other Total (in thousands) Grade: Pass $ 185,304 $ 35,091 $ 966 $ 6,960 $ 713 $ 229,034 Special Mention 424 440 - - - 864 Substandard 3,548 5,840 - 49 1 9,438 Doubtful - 67 - - - 67 Loss - - - - - - Total $ 189,276 $ 41,438 $ 966 $ 7,009 $ 714 $ 239,403 Residential Commercial Residential Consumer June 30, 2015 Real Estate Real Estate Construction Commercial and other Total (in thousands) Grade: Pass $ 175,677 $ 34,052 $ 763 $ 3,246 $ 700 $ 214,438 Special Mention 442 2,159 - - - 2,601 Substandard 2,870 3,716 - 81 1 6,668 Doubtful - 1,710 - - - 1,710 Loss - - - - - - Total $ 178,989 $ 41,637 $ 763 $ 3,327 $ 701 $ 225,417

Non-performing Assets, Past D27

Non-performing Assets, Past Due and Impaired Loans (Tables)	9 Months Ended
	Mar. 31, 2016
Non Performing Assets [Abstract]
Schedule of non performing assets	At March 31, At June 30, 2016 2015 (Dollars in thousands) Non-accrual loans: Real Estate: Residential $ 3,369 $ 2,731 Commercial 856 2,886 Commercial 17 22 Consumer 1 1 Total non-accrual loans 4,243 5,640 Accruing loans past due 90 days or more - - Total non-performing loans 4,243 5,640 Other real estate owned 2,007 3,155 Total non-performing assets $ 6,250 $ 8,795 Total non-performing loans to total loans 1.77 % 2.50 % Total non-performing assets to total assets 1.26 % 1.86 %
Schedule of the summary of past due loans	90 days 30–59 Days 60–89 Days or greater Total At March 31, 2016 Past Due Past Due Past Due Past Due (in thousands) Real Estate: Residential $ 1,943 $ 19 $ 369 $ 2,331 Commercial 827 - 67 894 Consumer and other 1 - - 1 Total $ 2,771 $ 19 $ 436 $ 3,226 At June 30, 2015 Real Estate: Residential $ 290 $ 193 $ 755 $ 1,238 Commercial - - 2,316 2,316 Consumer and other 4 - - 4 Total $ 294 $ 193 $ 3,071 $ 3,558
Schedule of information pertaining to impaired loans	At March 31, 2016 At June 30, 2015 Unpaid Unpaid Recorded Principal Related Recorded Principal Related Investment Balance Allowance Investment Balance Allowance Impaired loans without a valuation allowance: (in thousands) Real Estate: Residential $ 951 $ 982 $ 868 $ 873 Commercial 2,593 3,308 4,138 4,678 Commercial 17 18 2 2 Total impaired with no valuation allowance $ 3,561 $ 4,308 $ 5,008 $ 5,553 Impaired loans with a valuation allowance: Real Estate: Residential $ 1,205 $ 1,279 $ 70 $ 1,545 $ 1,619 $ 103 Commercial - - - 22 22 17 Total impaired with a valuation allowance $ 1,205 $ 1,279 $ 70 $ 1,567 $ 1,641 $ 120 Total impaired loans: Real Estate: Residential $ 2,156 $ 2,261 $ 70 $ 2,413 $ 2,492 $ 103 Commercial 2,593 3,308 - 4,138 4,678 - Commercial 17 18 - 24 24 17 Total impaired loans $ 4,766 $ 5,587 $ 70 $ 6,575 $ 7,194 $ 120 Three months ended Three months ended March 31, 2016 March 31, 2015 Average Interest Interest Income Average Interest Interest Income Recorded Income Recognized Recorded Income Recognized Investment Recognized on Cash Basis Investment Recognized on Cash Basis (in thousands) Real Estate: Residential $ 2,168 $ 9 $ 2 $ 2,938 $ 12 $ 1 Commercial 2,786 38 - 4,575 20 - Commercial 18 - - 398 4 - Total impaired loans $ 4,972 $ 47 $ 2 $ 7,911 $ 36 $ 1 Nine months ended Nine months ended March 31, 2016 March 31, 2015 Average Interest Interest Income Average Interest Interest Income Recorded Income Recognized Recorded Income Recognized Investment Recognized on Cash Basis Investment Recognized on Cash Basis (in thousands) Real Estate: Residential $ 2,251 $ 34 $ 10 $ 3,282 $ 35 $ 1 Commercial 3,411 74 - 4,438 61 - Commercial 110 4 - 371 16 - Total impaired loans $ 5,772 $ 112 $ 10 $ 8,091 $ 112 $ 1

Allowance for Loan Losses (Tabl

Allowance for Loan Losses (Tables)	9 Months Ended
	Mar. 31, 2016
Receivables [Abstract]
Schedule of analysis of the allowance for loan losses	Three months ended March 31, 2016 Residential Commercial Residential Consumer Real Estate Real Estate Construction Commercial and Other Unallocated Total Allowance for loan losses: (in thousands) Beginning balance $ 1,118 $ 968 $ 9 $ 52 $ 30 $ 128 $ 2,305 Charge-offs (30 ) - - - (13 ) - (43 ) Recoveries 12 3 - - 5 - 20 Provision (credit) 23 25 (2 ) 4 4 (54 ) - Ending Balance $ 1,123 $ 996 $ 7 $ 56 $ 26 $ 74 $ 2,282 Three months ended March 31, 2015 Residential Commercial Residential Consumer Real Estate Real Estate Construction Commercial and Other Unallocated Total Allowance for loan losses: (in thousands) Beginning balance $ 1,117 $ 878 $ 13 $ 13 $ 22 $ 81 $ 2,124 Charge-offs (93 ) (547 ) - - (10 ) - (650 ) Recoveries 12 175 - 3 - - 190 Provision (credit) 85 508 (5 ) (4 ) 13 (17 ) 580 Ending Balance $ 1,121 $ 1,014 $ 8 $ 12 $ 25 $ 64 $ 2,244 Nine months ended March 31, 2016 Residential Commercial Residential Consumer Real Estate Real Estate Construction Commercial and other Unallocated Total Allowance for loan losses: (in thousands) Beginning balance $ 1,091 $ 906 $ 5 $ 41 $ 26 $ 106 $ 2,175 Charge-offs (71 ) (620 ) - - (39 ) - (730 ) Recoveries 36 165 - 9 14 - 224 Provision (credit) 67 545 2 6 25 (32 ) 613 Ending Balance $ 1,123 $ 996 $ 7 $ 56 $ 26 $ 74 $ 2,282 Nine months ended March 31, 2015 Residential Commercial Residential Consumer Real Estate Real Estate Construction Commercial and other Unallocated Total Allowance for loan losses: (in thousands) Beginning balance $ 1,279 $ 907 $ 13 $ 12 $ 24 $ 145 $ 2,380 Charge-offs (99 ) (879 ) - - (36 ) - (1,014 ) Recoveries 34 175 - 9 10 - 228 Provision (credit) (93 ) 811 (5 ) (9 ) 27 (81 ) 650 Ending Balance $ 1,121 $ 1,014 $ 8 $ 12 $ 25 $ 64 $ 2,244 At March 31, 2016 Residential Commercial Residential Consumer Real Estate Real Estate Construction Commercial and Other Unallocated Total (in thousands) Amount of allowance for loan losses for impaired loans $ 70 $ - $ - $ - $ - $ - $ 70 Amount of allowance for loan losses for non-impaired loans $ 1,053 $ 996 $ 7 $ 56 $ 26 $ 74 $ 2,212 Impaired loans $ 2,156 $ 2,593 $ - $ 17 $ - $ - $ 4,766 Non-impaired loans $ 187,120 $ 38,845 $ 966 $ 6,992 $ 714 $ - $ 234,637 At June 30, 2015 Residential Commercial Residential Consumer Real Estate Real Estate Construction Commercial and Other Unallocated Total (in thousands) Amount of allowance for loan losses for impaired loans $ 103 $ - $ - $ 17 $ - $ - $ 120 Amount of allowance for loan losses for non-impaired loans $ 988 $ 906 $ 5 $ 24 $ 26 $ 106 $ 2,055 Impaired loans $ 2,413 $ 4,138 $ - $ 24 $ - $ - $ 6,575 Non-impaired loans $ 176,576 $ 37,499 $ 763 $ 3,303 $ 701 $ - $ 218,842

Accumulated Other Comprehensi29

Accumulated Other Comprehensive Income (Loss) (Tables)	9 Months Ended
	Mar. 31, 2016
Accumulated Other Comprehensive Income (Loss), Net Of Tax [Abstract]
Schedule of accumulated other comprehensive income (loss)	March 31, June 30, 2016 2015 (in thousands) Net unrealized loss on securities available-for-sale $ (868 ) $ (300 ) Tax effect 296 102 Accumulated other comprehensive loss $ (572 ) $ (198 )

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Mar. 31, 2016
Fair Value Disclosures [Abstract]
Schedule of summary of assets measured at fair value on a recurring basis	Quoted Prices in Significant Significant Active Markets for Other Observable Unobservable At March 31, 2016 Total Fair Identical Assets Inputs Inputs (in thousands) Value Level 1 Level 2 Level 3 Securities available-for-sale: U.S. government and government-sponsored securities $ 5,313 $ - $ 5,313 $ - Corporate bonds and other securities 4,658 - 4,658 - U.S. Government-sponsored and guaranteed mortgage-backed securities 40,012 - 40,012 - Non-agency mortgage-backed securities 4,960 - 4,960 - Equity securities 10,000 - - 10,000 Total $ 64,943 $ - $ 54,943 $ 10,000 Quoted Prices in Significant Significant Active Markets for Other Observable Unobservable At June 30, 2015 Total Fair Identical Assets Inputs Inputs (in thousands) Value Level 1 Level 2 Level 3 Securities available-for-sale: U.S. government and government-sponsored securities $ 991 $ - $ 991 $ - Corporate bonds and other securities 5,204 - 5,204 - U.S. Government-sponsored and guaranteed mortgage-backed securities 23,602 - 23,602 - Non-agency mortgage-backed securities 5,860 - 5,860 - Equity securities 10,000 - - 10,000 Total $ 45,657 $ - $ 35,657 $ 10,000
Schedule of the changes in level 3 assets measured at fair value	(in thousands) Beginning balance, June 30, 2015 $ 10,000 Unrealized losses included in other comprehensive income - Ending balance, March 31, 2016 $ 10,000
Schedule of assets measured at fair value on a non-recurring basis and the adjustments to the carrying value	Quoted Prices in Total Losses Total Losses Active Markets for Significant Other Significant for the three for the nine At March 31, 2016 Total Fair Identical Assets Observable Inputs Unobservable Inputs months ended months ended Value Level 1 Level 2 Level 3 March 31, 2016 March 31, 2016 (in thousands) Impaired loans $ 1,020 $ - $ - $ 1,020 $ - $ (647 ) Other real estate owned 111 - - 111 - (28 ) $ 1,131 $ - $ - $ 1,131 $ - $ (675 ) Quoted Prices in Total Losses Total Losses Active Markets for Significant Other Significant for the three for the nine At March 31, 2015 Total Fair Identical Assets Observable Inputs Unobservable Inputs months ended months ended Value Level 1 Level 2 Level 3 March 31, 2015 March 31, 2015 (in thousands) Impaired loans $ 1,397 $ - $ - $ 1,397 $ (211 ) $ (411 ) Other real estate owned 82 - - 82 - (33 ) $ 1,479 $ - $ - $ 1,479 $ (211 ) $ (444 )
Schedule of estimated fair value of financial instruments which are held or issued for purposes other than trading	March 31, 2016 Carrying Fair Value Hierarchy Fair Amount Level 1 Level 2 Level 3 Value (in thousands) Financial assets: Cash and cash equivalents $ 9,095 $ 9,095 $ - $ - $ 9,095 Securities available-for-sale 64,943 - 54,943 10,000 64,943 Securities held-to-maturity 153,596 - 155,819 - 155,819 Federal Home Loan Bank stock 3,967 - - 3,967 3,967 Loans, net 238,144 - - 241,465 241,465 Accrued interest receivable 1,190 - - 1,190 1,190 Financial liabilities: Deposits 354,129 - - 355,557 355,557 Mortgagors' escrow accounts 1,454 - - 1,454 1,454 Federal Home Loan Bank advances 52,500 - 53,891 - 53,891 Securities sold under agreements to repurchase 2,415 - 2,415 - 2,415 Accrued interest payable 117 - - 117 117 June 30, 2015 Carrying Fair Value Hierarchy Fair Amount Level 1 Level 2 Level 3 Value (in thousands) Financial assets: Cash and cash equivalents $ 5,326 $ 5,326 $ - $ - $ 5,326 Securities available-for-sale 45,657 - 35,657 10,000 45,657 Securities held-to-maturity 164,096 - 165,644 - 165,644 Federal Home Loan Bank stock 5,371 - - 5,371 5,371 Loans, net 224,046 - - 226,308 226,308 Accrued interest receivable 1,051 - - 1,051 1,051 Financial liabilities: Deposits 357,641 - - 359,253 359,253 Mortgagors' escrow accounts 2,363 - - 2,363 2,363 Federal Home Loan Bank advances 56,740 - 58,095 - 58,095 Securities sold under agreements to repurchase 2,797 - 2,797 - 2,797 Accrued interest payable 114 - - 114 114

Commitments to Extend Credit (T

Commitments to Extend Credit (Tables)	9 Months Ended
	Mar. 31, 2016
Commitments To Extend Credit [Abstract]
Schedule of contractual amounts of outstanding commitments	March 31, June 30, 2016 2015 (in thousands) Commitments to extend credit: Loan commitments $ 5,304 $ 3,557 Unadvanced construction loans 3,009 787 Unadvanced lines of credit 13,076 13,482 Standby letters of credit 395 396 Outstanding commitments $ 21,784 $ 18,222

Organization (Detail Textuals)

Organization (Detail Textuals) $ / shares in Units, $ in Thousands	Jan. 06, 2016USD ($)$ / sharesshares	Mar. 31, 2016USD ($)	Jun. 30, 2015	Sep. 09, 2015
Organization [Line Items]
Proceeds from common stock offering | $	$ 33,700	$ 32,477
Stock issued during period	4,215,387
Common stock, issue price (in dollars per share) | $ / shares	$ 8
ESOP shares issued	317,287
Share exchange conversion rate	1.1907		1.1907
Number of common stock issued in share exchange agreement	3,347,728
MHC
Organization [Line Items]
Ownership percentage				57.00%

Earnings Per Share (EPS) - The

Earnings Per Share (EPS) - The computation of EPS on basic and diluted basis (Details) - USD ($) $ / shares in Units, $ in Thousands		3 Months Ended		9 Months Ended
		Mar. 31, 2016	Mar. 31, 2015	Mar. 31, 2016	Mar. 31, 2015
Earnings Per Share [Abstract]
NET INCOME (LOSS)		$ 302	$ (309)	$ 730	$ 115
Weighted average common shares applicable to basic EPS		7,447,399	7,640,717	7,583,108	7,636,884
Effect of dilutive potential common shares	[1]
Weighted average common shares applicable to diluted EPS		7,447,399	7,640,717	7,583,108	7,636,884
Earnings per share:
Basic		$ 0.04	$ (0.04)	$ 0.10	$ 0.02
Diluted		$ 0.04	$ (0.04)	$ 0.10	$ 0.02
[1]	Share and per share amounts related to periods prior to the date of the completion of the Conversion (January 7, 2016) have been restated to give retroactive recognition to the exchange ratio applied in the Conversion (1.1907 to one).

Earnings Per Share (EPS) (Detai

Earnings Per Share (EPS) (Detail Textuals)	Jan. 06, 2016	Mar. 31, 2016shares	Mar. 31, 2015shares	Mar. 31, 2016shares	Mar. 31, 2015shares	Jun. 30, 2015
Earnings Per Share [Abstract]
Share exchange conversion rate	1.1907					1.1907
Number of options outstanding and excluded from computation of earnings per share		34,529	237,075	237,075	237,075

Investment Securities - Carryin

Investment Securities - Carrying value and estimated market values of investment securities (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Jun. 30, 2015
Available-for-sale:
Available-for-sale securities, amortized cost basis	$ 65,811	$ 45,957
Available-for-sale securities, gross unrealized gain	906	866
Available-for-sale securities, gross unrealized (loss)	(1,774)	(1,166)
Available-for-sale securities, fair value	64,943	45,657
Held-to-maturity:
Held-to-maturity securities, amortized cost basis	153,596	164,096
Held-to-maturity securities, gross unrealized gain	2,343	2,140
Held-to-maturity securities, gross unrealized (loss)	(120)	(592)
Held-to-maturity securities, fair value	155,819	165,644
Debt securities
Available-for-sale:
Available-for-sale securities, amortized cost basis	55,811	35,957
Available-for-sale securities, gross unrealized gain	906	866
Available-for-sale securities, gross unrealized (loss)	(1,774)	(1,166)
Available-for-sale securities, fair value	54,943	35,657
Debt securities | U.S. Government and government-sponsored securities
Available-for-sale:
Available-for-sale from one through five years, amortized cost basis	1,000	$ 1,000
Available-for-sale from one through five years, gross unrealized gain	$ 2
Available-for-sale from one through five years, gross unrealized (loss)		$ (9)
Available-for-sale from one through five years, fair value	$ 1,002	991
Available-for-sale from five through ten years, amortized cost basis	$ 4,336
Available-for-sale from five through ten years, gross unrealized gain
Available-for-sale from five through ten years, gross unrealized (loss)	$ (25)
Available-for-sale from five through ten years, fair value	4,311
Available-for-sale securities, amortized cost basis	5,336
Available-for-sale securities, gross unrealized gain	2
Available-for-sale securities, gross unrealized (loss)	(25)
Available-for-sale securities, fair value	5,313
Held-to-maturity:
Held-to-maturity from one through five years, amortized cost basis	9,206	9,245
Held-to-maturity from one through five years, gross unrealized gain	$ 254	70
Held-to-maturity from one through five years, gross unrealized (loss)		(4)
Held-to-maturity from one through five years, fair value	$ 9,460	9,311
Held-to-maturity from five through ten years, amortized cost basis		954
Held-to-maturity from five through ten years, gross unrealized gains		$ 98
Held-to-maturity from five through ten years, gross unrealized (loss)
Held-to-maturity from five through ten years, fair value		$ 1,052
Held-to-maturity after ten years, amortized cost basis	5,481
Held-to-maturity after ten years gross unrealized gain	$ 8
Held-to-maturity after ten years, gross unrealized (loss)
Held-to-maturity after ten years gross, fair value	$ 5,489
Held-to-maturity securities, amortized cost basis	14,687	10,199
Held-to-maturity securities, gross unrealized gain	$ 262	168
Held-to-maturity securities, gross unrealized (loss)		(4)
Held-to-maturity securities, fair value	$ 14,949	10,363
Debt securities | Corporate bonds and other securities
Available-for-sale:
Available-for-sale after ten years, amortized cost basis	$ 5,999	$ 5,999
Available-for-sale from after ten years, gross unrealized gain
Available-for-sale after ten years, gross unrealized (loss)	$ (1,341)	$ (795)
Available-for-sale after ten years, fair value	4,658	5,204
Debt securities | U.S. Government sponsored and guaranteed mortgage-backed securities
Available-for-sale:
Available-for-sale from one through five years, amortized cost basis	217	391
Available-for-sale from one through five years, gross unrealized gain	$ 6	$ 14
Available-for-sale from one through five years, gross unrealized (loss)
Available-for-sale from one through five years, fair value	$ 223	$ 405
Available-for-sale from five through ten years, amortized cost basis	10,930	9,374
Available-for-sale from five through ten years, gross unrealized gain	172	$ 125
Available-for-sale from five through ten years, gross unrealized (loss)	(26)
Available-for-sale from five through ten years, fair value	11,076	$ 9,499
Available-for-sale after ten years, amortized cost basis	28,379	13,280
Available-for-sale from after ten years, gross unrealized gain	362	419
Available-for-sale after ten years, gross unrealized (loss)	(28)	(1)
Available-for-sale after ten years, fair value	28,713	13,698
Available-for-sale securities, amortized cost basis	39,526	23,045
Available-for-sale securities, gross unrealized gain	540	558
Available-for-sale securities, gross unrealized (loss)	(54)	(1)
Available-for-sale securities, fair value	40,012	23,602
Held-to-maturity:
Held-to-maturity from one through five years, amortized cost basis	748
Held-to-maturity from one through five years, gross unrealized gain	$ 34
Held-to-maturity from one through five years, gross unrealized (loss)
Held-to-maturity from one through five years, fair value	$ 782
Held-to-maturity from five through ten years, amortized cost basis	2,534	3,304
Held-to-maturity from five through ten years, gross unrealized gains	$ 121	$ 127
Held-to-maturity from five through ten years, gross unrealized (loss)
Held-to-maturity from five through ten years, fair value	$ 2,655	$ 3,431
Held-to-maturity after ten years, amortized cost basis	135,169	150,593
Held-to-maturity after ten years gross unrealized gain	1,926	1,845
Held-to-maturity after ten years, gross unrealized (loss)	(119)	(588)
Held-to-maturity after ten years gross, fair value	136,976	151,850
Held-to-maturity securities, amortized cost basis	138,451	153,897
Held-to-maturity securities, gross unrealized gain	2,081	1,972
Held-to-maturity securities, gross unrealized (loss)	(119)	(588)
Held-to-maturity securities, fair value	140,413	155,281
Debt securities | Non-agency mortgage-backed securities
Available-for-sale:
Available-for-sale after ten years, amortized cost basis	4,950	5,913
Available-for-sale from after ten years, gross unrealized gain	364	308
Available-for-sale after ten years, gross unrealized (loss)	(354)	(361)
Available-for-sale after ten years, fair value	4,960	5,860
Debt securities | State agency and municipal obligations
Held-to-maturity:
Held-to-maturity from five through ten years, amortized cost basis	$ 458
Held-to-maturity from five through ten years, gross unrealized gains
Held-to-maturity from five through ten years, gross unrealized (loss)	$ (1)
Held-to-maturity from five through ten years, fair value	457
Equity securities | Auction rate preferred
Available-for-sale:
Available-for-sale after ten years, amortized cost basis	$ 10,000	$ 10,000
Available-for-sale from after ten years, gross unrealized gain
Available-for-sale after ten years, gross unrealized (loss)
Available-for-sale after ten years, fair value	$ 10,000	$ 10,000

Investment Securities - Summary

Investment Securities - Summary of the estimated fair value and related unrealized losses segregated by category (Details 1) - USD ($) $ in Thousands		Mar. 31, 2016	Jun. 30, 2015
Schedule Of Available-For-Sale Securities and Held-To-Maturity Securities [Line Items]
Temporarily-impaired and other-than-temporarily impaired securities, less than 12 months, fair value		$ 31,501	$ 51,491
Temporarily-impaired and other-than-temporarily impaired securities, less than 12 months, unrealized losses		103	272
Temporarily-impaired and other-than-temporarily impaired securities, 12 months or more, fair value		17,000	21,826
Temporarily-impaired and other-than-temporarily impaired securities, 12 months or more, unrealized losses		1,791	1,486
Temporarily impaired and other than temporary impaired debt securities, fair value		48,501	73,317
Temporarily impaired and other than temporary impaired debt securities, unrealized losses		1,894	1,758
Temporarily impairment | State agency and municipal obligations
Schedule Of Available-For-Sale Securities and Held-To-Maturity Securities [Line Items]
Held-to-maturity securities, less than 12 months, fair value		457
Held-to-maturity securities, less than 12 months, unrealized losses		$ 1
Held-to-maturity securities, 12 months or more, fair value
Held-to-maturity securities, 12 months or more, unrealized losses
Held-to-maturity securities, fair value		$ 457
Held-to-maturity securities, unrealized losses		1
Temporarily impairment | Debt securities
Schedule Of Available-For-Sale Securities and Held-To-Maturity Securities [Line Items]
Available-for-sale, less than 12 months, fair value		21,736	2,430
Available-for-sale, less than 12 months, unrealized losses		79	1
Available-for-sale, 12 months or more, fair value		4,658	6,195
Available-for-sale, 12 months or more, unrealized losses		1,341	804
Available-for-sale securities, fair value		26,394	8,625
Available-for-sale securities, unrealized losses		1,420	805
Held-to-maturity securities, less than 12 months, fair value		9,725	48,498
Held-to-maturity securities, less than 12 months, unrealized losses		24	265
Held-to-maturity securities, 12 months or more, fair value		9,947	12,630
Held-to-maturity securities, 12 months or more, unrealized losses		96	327
Held-to-maturity securities, fair value		19,672	61,128
Held-to-maturity securities, unrealized losses		120	$ 592
Temporarily impairment | Debt securities | U.S. Government and government-sponsored securities
Schedule Of Available-For-Sale Securities and Held-To-Maturity Securities [Line Items]
Available-for-sale, less than 12 months, fair value		4,311
Available-for-sale, less than 12 months, unrealized losses		$ 25
Available-for-sale, 12 months or more, fair value			$ 991
Available-for-sale, 12 months or more, unrealized losses			9
Available-for-sale securities, fair value		$ 4,311	991
Available-for-sale securities, unrealized losses		$ 25	9
Held-to-maturity securities, less than 12 months, fair value			2,251
Held-to-maturity securities, less than 12 months, unrealized losses			$ 4
Held-to-maturity securities, 12 months or more, fair value
Held-to-maturity securities, 12 months or more, unrealized losses
Held-to-maturity securities, fair value			$ 2,251
Held-to-maturity securities, unrealized losses			$ 4
Temporarily impairment | Debt securities | Corporate bonds and other securities
Schedule Of Available-For-Sale Securities and Held-To-Maturity Securities [Line Items]
Available-for-sale, less than 12 months, fair value
Available-for-sale, less than 12 months, unrealized losses
Available-for-sale, 12 months or more, fair value		$ 4,658	$ 5,204
Available-for-sale, 12 months or more, unrealized losses		1,341	795
Available-for-sale securities, fair value		4,658	5,204
Available-for-sale securities, unrealized losses		1,341	795
Temporarily impairment | Debt securities | U.S. Government-sponsored and guaranteed mortgage-backed securities
Schedule Of Available-For-Sale Securities and Held-To-Maturity Securities [Line Items]
Available-for-sale, less than 12 months, fair value		17,425	2,430
Available-for-sale, less than 12 months, unrealized losses		$ 54	$ 1
Available-for-sale, 12 months or more, fair value
Available-for-sale, 12 months or more, unrealized losses
Available-for-sale securities, fair value		$ 17,425	$ 2,430
Available-for-sale securities, unrealized losses		54	1
Held-to-maturity securities, less than 12 months, fair value		9,268	46,247
Held-to-maturity securities, less than 12 months, unrealized losses		23	261
Held-to-maturity securities, 12 months or more, fair value		9,947	12,630
Held-to-maturity securities, 12 months or more, unrealized losses		96	327
Held-to-maturity securities, fair value		19,215	58,877
Held-to-maturity securities, unrealized losses		119	588
Other-than-temporarily impairment | Debt securities | Non-agency mortgage-backed securities
Schedule Of Available-For-Sale Securities and Held-To-Maturity Securities [Line Items]
Available-for-sale, less than 12 months, fair value	[1]	$ 40	563
Available-for-sale, less than 12 months, unrealized losses	[1]		6
Available-for-sale, 12 months or more, fair value	[1]	$ 2,395	3,001
Available-for-sale, 12 months or more, unrealized losses	[1]	354	355
Available-for-sale securities, fair value	[1]	2,435	3,564
Available-for-sale securities, unrealized losses	[1]	$ 354	$ 361
[1]	Includes other-than-temporary impaired available-for-sale debt securities in which a portion of the other-than-temporary impairment loss remains in accumulated other comprehensive income (loss).

Investment Securities - Amount

Investment Securities - Amount of credit losses on debt securities for which a portion of an other-than-temporary impairment was recognized in other comprehensive income (loss) (Details 2) - USD ($) $ in Thousands	9 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Roll Forward]
Balance	$ 15,898	$ 15,743
Credit losses on securities for which other-than-temporary impairment was not previously recorded
Additional credit losses on securities for which an other-than-temporary impairment charge was previously recorded	$ 84	$ 155
Reductions for securities sold during the period
Balance	$ 15,982	$ 15,898

Investment Securities (Detail T

Investment Securities (Detail Textuals)	3 Months Ended	9 Months Ended		12 Months Ended
	Mar. 31, 2016USD ($)	Mar. 31, 2016USD ($)Security	Mar. 31, 2015USD ($)	Jun. 30, 2015Security
Investments, Debt and Equity Securities [Abstract]
Other-than-temporary impairment charges on available-for-sale securities	$ 45,000	$ 84,000	$ 155,000
Write-downs of securities included total other-than-temporary impairment losses	174,000	407,000	414,000
Portion of losses recognized in other comprehensive income/loss	$ 129,000	$ 323,000	$ 259,000
Number of individual investment securities with unrealized losses | Security		34		43
Percentage of amortized cost basis as aggregate depreciation of investment securities		3.80%		2.30%

Investment Securities (Detail39

Investment Securities (Detail Textuals 1) $ in Thousands	Mar. 31, 2016USD ($)Security	Jun. 30, 2015USD ($)
Schedule Of Available-For-Sale Securities and Held-To-Maturity Securities [Line Items]
Book value of available-for-sale securities	$ 65,811	$ 45,957
Fair value of available-for-sale securities	$ 64,943	$ 45,657
Trust preferred securities (TRUPs) | Equity securities
Schedule Of Available-For-Sale Securities and Held-To-Maturity Securities [Line Items]
Number of investments in trust preferred securities | Security	5
Book value of available-for-sale securities	$ 6,000
Fair value of available-for-sale securities	$ 4,700

Loans - Summary of loans (Detai

Loans - Summary of loans (Details) - USD ($) $ in Thousands		Mar. 31, 2016	Jun. 30, 2015
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for loan losses		$ (2,282)	$ (2,175)
Loans, net		238,144	224,046
Loans receivables
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans		242,412	226,097
Unadvanced construction loans		(3,009)	(680)
Total loans after unadvanced construction loans		239,403	225,417
Net deferred loan costs		1,023	804
Allowance for loan losses		(2,282)	(2,175)
Loans, net		238,144	224,046
Loans receivables | Real Estate Residential
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	[1]	189,276	178,989
Total loans after unadvanced construction loans		189,276	178,989
Loans receivables | Real Estate Commercial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans		43,195	41,762
Total loans after unadvanced construction loans		41,438	41,637
Loans receivables | Real Estate Residential construction
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans		2,218	1,318
Total loans after unadvanced construction loans		966	763
Loans receivables | Commercial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans		7,009	3,327
Total loans after unadvanced construction loans		7,009	3,327
Loans receivables | Consumer and other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans		714	701
Total loans after unadvanced construction loans		$ 714	$ 701
[1]	Residential real estate loans include one-to four-family mortgage loans, second mortgage loans, and home equity lines of credit.

Loans - Loan segments by intern

Loans - Loan segments by internally assigned grades (Details 1) - Loans receivables - USD ($) $ in Thousands	Mar. 31, 2016	Jun. 30, 2015
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans after unadvanced construction loans	$ 239,403	$ 225,417
Pass
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans after unadvanced construction loans	229,034	214,438
Special Mention
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans after unadvanced construction loans	864	2,601
Substandard
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans after unadvanced construction loans	9,438	6,668
Doubtful
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans after unadvanced construction loans	$ 67	$ 1,710
Loss
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans after unadvanced construction loans
Residential Real Estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans after unadvanced construction loans	$ 189,276	$ 178,989
Residential Real Estate | Pass
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans after unadvanced construction loans	185,304	175,677
Residential Real Estate | Special Mention
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans after unadvanced construction loans	424	442
Residential Real Estate | Substandard
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans after unadvanced construction loans	$ 3,548	$ 2,870
Residential Real Estate | Doubtful
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans after unadvanced construction loans
Residential Real Estate | Loss
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans after unadvanced construction loans
Commercial Real Estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans after unadvanced construction loans	$ 41,438	$ 41,637
Commercial Real Estate | Pass
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans after unadvanced construction loans	35,091	34,052
Commercial Real Estate | Special Mention
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans after unadvanced construction loans	440	2,159
Commercial Real Estate | Substandard
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans after unadvanced construction loans	5,840	3,716
Commercial Real Estate | Doubtful
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans after unadvanced construction loans	$ 67	$ 1,710
Commercial Real Estate | Loss
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans after unadvanced construction loans
Real Estate Residential construction
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans after unadvanced construction loans	$ 966	$ 763
Real Estate Residential construction | Pass
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans after unadvanced construction loans	$ 966	$ 763
Real Estate Residential construction | Special Mention
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans after unadvanced construction loans
Real Estate Residential construction | Substandard
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans after unadvanced construction loans
Real Estate Residential construction | Doubtful
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans after unadvanced construction loans
Real Estate Residential construction | Loss
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans after unadvanced construction loans
Commercial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans after unadvanced construction loans	$ 7,009	$ 3,327
Commercial | Pass
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans after unadvanced construction loans	$ 6,960	$ 3,246
Commercial | Special Mention
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans after unadvanced construction loans
Commercial | Substandard
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans after unadvanced construction loans	$ 49	$ 81
Commercial | Doubtful
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans after unadvanced construction loans
Commercial | Loss
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans after unadvanced construction loans
Consumer and other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans after unadvanced construction loans	$ 714	$ 701
Consumer and other | Pass
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans after unadvanced construction loans	$ 713	$ 700
Consumer and other | Special Mention
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans after unadvanced construction loans
Consumer and other | Substandard
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans after unadvanced construction loans	$ 1	$ 1
Consumer and other | Doubtful
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans after unadvanced construction loans
Consumer and other | Loss
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans after unadvanced construction loans

Loans (Detail Textuals)

Loans (Detail Textuals)	9 Months Ended
	Mar. 31, 2015USD ($)Loan
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]
Number of residential real estate troubled debt restructuring securities | Loan	1
Defaulted amount of residential real estate troubled debt restructuring securities | $	$ 200,000

Non-performing Assets, Past D43

Non-performing Assets, Past Due and Impaired Loans - Amounts and categories of non performing assets (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Jun. 30, 2015
Non-accrual loans:
Other real estate owned	$ 2,007	$ 3,155
Total non-performing assets	$ 6,250	$ 8,795
Total non-performing loans to total loans	1.77%	2.50%
Total non-performing assets to total assets	1.26%	1.86%
Loans receivables
Non-accrual loans:
Total non-accrual loans	$ 4,243	$ 5,640
Accruing loans past due 90 days or more
Total non-performing loans	$ 4,243	$ 5,640
Loans receivables | Real Estate Residential
Non-accrual loans:
Total non-accrual loans	3,369	2,731
Loans receivables | Real Estate Commercial
Non-accrual loans:
Total non-accrual loans	856	2,886
Loans receivables | Commercial
Non-accrual loans:
Total non-accrual loans	17	22
Loans receivables | Consumer
Non-accrual loans:
Total non-accrual loans	$ 1	$ 1

Non-performing Assets, Past D44

Non-performing Assets, Past Due and Impaired Loans - Past due loans (Details 1) - Loans receivables - USD ($) $ in Thousands	Mar. 31, 2016	Jun. 30, 2015
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	$ 3,226	$ 3,558
30-59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	2,771	294
60-89 DaysPast Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	19	193
90 days or Greater Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	436	3,071
Real Estate Residential
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	2,331	1,238
Real Estate Residential | 30-59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	1,943	290
Real Estate Residential | 60-89 DaysPast Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	19	193
Real Estate Residential | 90 days or Greater Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	369	755
Real Estate Commercial
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	894	$ 2,316
Real Estate Commercial | 30-59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	$ 827
Real Estate Commercial | 60-89 DaysPast Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due
Real Estate Commercial | 90 days or Greater Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	$ 67	$ 2,316
Consumer and other
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	1	4
Consumer and other | 30-59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	$ 1	$ 4
Consumer and other | 60-89 DaysPast Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due
Consumer and other | 90 days or Greater Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due

Non-performing Assets, Past D45

Non-performing Assets, Past Due and Impaired Loans - Summary of impaired loans (Details 2) - Loans receivables - USD ($) $ in Thousands	Mar. 31, 2016	Jun. 30, 2015
Financing Receivable, Impaired [Line Items]
Impaired loans without valuation allowance, Recorded investment	$ 3,561	$ 5,008
Impaired loans without valuation allowance, Unpaid principal balance	4,308	5,553
Impaired loans with a valuation allowance, Recorded investment	1,205	1,567
Impaired loans with a valuation allowance, Unpaid principal balance	1,279	1,641
Impaired loans with a valuation allowance, Related allowance	70	120
Total impaired loans, Recorded investment	4,766	6,575
Total impaired loans, Unpaid principal balance	5,587	7,194
Total impaired loans, Related allowance	70	120
Real Estate Residential
Financing Receivable, Impaired [Line Items]
Impaired loans without valuation allowance, Recorded investment	951	868
Impaired loans without valuation allowance, Unpaid principal balance	982	873
Impaired loans with a valuation allowance, Recorded investment	1,205	1,545
Impaired loans with a valuation allowance, Unpaid principal balance	1,279	1,619
Impaired loans with a valuation allowance, Related allowance	70	103
Total impaired loans, Recorded investment	2,156	2,413
Total impaired loans, Unpaid principal balance	2,261	2,492
Total impaired loans, Related allowance	70	103
Real Estate Commercial
Financing Receivable, Impaired [Line Items]
Impaired loans without valuation allowance, Recorded investment	2,593	4,138
Impaired loans without valuation allowance, Unpaid principal balance	3,308	4,678
Total impaired loans, Recorded investment	2,593	4,138
Total impaired loans, Unpaid principal balance	3,308	4,678
Commercial
Financing Receivable, Impaired [Line Items]
Impaired loans without valuation allowance, Recorded investment	17	2
Impaired loans without valuation allowance, Unpaid principal balance	$ 18	2
Impaired loans with a valuation allowance, Recorded investment		22
Impaired loans with a valuation allowance, Unpaid principal balance		22
Impaired loans with a valuation allowance, Related allowance		17
Total impaired loans, Recorded investment	$ 17	24
Total impaired loans, Unpaid principal balance	$ 18	24
Total impaired loans, Related allowance		$ 17

Non-performing Assets, Past D46

Non-performing Assets, Past Due and Impaired Loans - Summary of additional information to impaired loans (Details 3) - Loans receivables - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Mar. 31, 2016	Mar. 31, 2015
Financing Receivable, Impaired [Line Items]
Average Recorded Investment	$ 4,972	$ 7,911	$ 5,772	$ 8,091
Interest Income Recognized	47	36	112	112
Interest Income Recognized on Cash Basis	2	1	10	1
Real Estate Residential
Financing Receivable, Impaired [Line Items]
Average Recorded Investment	2,168	2,938	2,251	3,282
Interest Income Recognized	9	12	34	35
Interest Income Recognized on Cash Basis	2	1	10	1
Real Estate Commercial
Financing Receivable, Impaired [Line Items]
Average Recorded Investment	2,786	4,575	3,411	4,438
Interest Income Recognized	$ 38	$ 20	$ 74	$ 61
Interest Income Recognized on Cash Basis
Commercial
Financing Receivable, Impaired [Line Items]
Average Recorded Investment	$ 18	$ 398	$ 110	$ 371
Interest Income Recognized		$ 4	$ 4	$ 16
Interest Income Recognized on Cash Basis

Allowance for Loan Losses - Ana

Allowance for Loan Losses - Analysis of allowance for loan losses (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Mar. 31, 2016	Mar. 31, 2015
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Provision (credit)		$ 580	$ 613	$ 650
Loans receivables
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Beginning balance	$ 2,305	2,124	2,175	2,380
Charge-offs	(43)	(650)	(730)	(1,014)
Recoveries	$ 20	190	224	228
Provision (credit)		580	613	650
Ending Balance	$ 2,282	2,244	2,282	2,244
Loans receivables | Residential Real Estate
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Beginning balance	1,118	1,117	1,091	1,279
Charge-offs	(30)	(93)	(71)	(99)
Recoveries	12	12	36	34
Provision (credit)	23	85	67	(93)
Ending Balance	1,123	1,121	1,123	1,121
Loans receivables | Commercial Real Estate
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Beginning balance	$ 968	878	906	907
Charge-offs		(547)	(620)	(879)
Recoveries	$ 3	175	165	175
Provision (credit)	25	508	545	811
Ending Balance	996	1,014	996	1,014
Loans receivables | Residential Construction
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Beginning balance	$ 9	$ 13	$ 5	$ 13
Charge-offs
Recoveries
Provision (credit)	$ (2)	$ (5)	$ 2	$ (5)
Ending Balance	7	8	7	8
Loans receivables | Commercial
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Beginning balance	$ 52	$ 13	$ 41	$ 12
Charge-offs
Recoveries		$ 3	$ 9	$ 9
Provision (credit)	$ 4	(4)	6	(9)
Ending Balance	56	12	56	12
Loans receivables | Consumer and Other
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Beginning balance	30	22	26	24
Charge-offs	(13)	$ (10)	(39)	(36)
Recoveries	5		14	10
Provision (credit)	4	$ 13	25	27
Ending Balance	26	25	26	25
Loans receivables | Unallocated
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Beginning balance	$ 128	$ 81	$ 106	$ 145
Charge-offs
Recoveries
Provision (credit)	$ (54)	$ (17)	$ (32)	$ (81)
Ending Balance	$ 74	$ 64	$ 74	$ 64

Allowance for Loan Losses - Fur

Allowance for Loan Losses - Further information pertaining to allowance for loan losses (Details 1) - USD ($) $ in Thousands	Mar. 31, 2016	Jun. 30, 2015
Impaired loan receivables
Financing Receivable, Allowance for Credit Losses [Line Items]
Amount of allowance for loan losses for Impaired/ Non-impaired loans	$ 70	$ 120
Impaired / Non-impaired loans	4,766	6,575
Impaired loan receivables | Residential Real Estate
Financing Receivable, Allowance for Credit Losses [Line Items]
Amount of allowance for loan losses for Impaired/ Non-impaired loans	70	103
Impaired / Non-impaired loans	$ 2,156	$ 2,413
Impaired loan receivables | Commercial Real Estate
Financing Receivable, Allowance for Credit Losses [Line Items]
Amount of allowance for loan losses for Impaired/ Non-impaired loans
Impaired / Non-impaired loans	$ 2,593	$ 4,138
Impaired loan receivables | Residential Construction
Financing Receivable, Allowance for Credit Losses [Line Items]
Amount of allowance for loan losses for Impaired/ Non-impaired loans
Impaired / Non-impaired loans
Impaired loan receivables | Commercial
Financing Receivable, Allowance for Credit Losses [Line Items]
Amount of allowance for loan losses for Impaired/ Non-impaired loans		$ 17
Impaired / Non-impaired loans	$ 17	$ 24
Impaired loan receivables | Consumer and Other
Financing Receivable, Allowance for Credit Losses [Line Items]
Amount of allowance for loan losses for Impaired/ Non-impaired loans
Impaired / Non-impaired loans
Impaired loan receivables | Unallocated
Financing Receivable, Allowance for Credit Losses [Line Items]
Amount of allowance for loan losses for Impaired/ Non-impaired loans
Impaired / Non-impaired loans
Non-impaired loan receivables
Financing Receivable, Allowance for Credit Losses [Line Items]
Amount of allowance for loan losses for Impaired/ Non-impaired loans	$ 2,212	$ 2,055
Impaired / Non-impaired loans	234,637	218,842
Non-impaired loan receivables | Residential Real Estate
Financing Receivable, Allowance for Credit Losses [Line Items]
Amount of allowance for loan losses for Impaired/ Non-impaired loans	1,053	988
Impaired / Non-impaired loans	187,120	176,576
Non-impaired loan receivables | Commercial Real Estate
Financing Receivable, Allowance for Credit Losses [Line Items]
Amount of allowance for loan losses for Impaired/ Non-impaired loans	996	906
Impaired / Non-impaired loans	38,845	37,499
Non-impaired loan receivables | Residential Construction
Financing Receivable, Allowance for Credit Losses [Line Items]
Amount of allowance for loan losses for Impaired/ Non-impaired loans	7	5
Impaired / Non-impaired loans	966	763
Non-impaired loan receivables | Commercial
Financing Receivable, Allowance for Credit Losses [Line Items]
Amount of allowance for loan losses for Impaired/ Non-impaired loans	56	24
Impaired / Non-impaired loans	6,992	3,303
Non-impaired loan receivables | Consumer and Other
Financing Receivable, Allowance for Credit Losses [Line Items]
Amount of allowance for loan losses for Impaired/ Non-impaired loans	26	26
Impaired / Non-impaired loans	714	701
Non-impaired loan receivables | Unallocated
Financing Receivable, Allowance for Credit Losses [Line Items]
Amount of allowance for loan losses for Impaired/ Non-impaired loans	$ 74	$ 106
Impaired / Non-impaired loans

Accumulated Other Comprehensi49

Accumulated Other Comprehensive Income (Loss) - Components of accumulated other comprehensive loss and related tax effects (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Jun. 30, 2015
Accumulated Other Comprehensive Income (Loss), Net Of Tax [Abstract]
Net unrealized loss on securities available-for-sale	$ (868)	$ (300)
Tax effect	296	102
Accumulated other comprehensive loss	$ (572)	$ (198)

Fair Value Measurements - Asset

Fair Value Measurements - Assets measured at fair value on a recurring basis (Details) - Fair Value, Measurements, Recurring - USD ($) $ in Thousands	Mar. 31, 2016	Jun. 30, 2015
Total Fair Value
Available-for-sale:
Assets measured at fair value	$ 64,943	$ 45,657
Total Fair Value | U.S. government and government-sponsored securities
Available-for-sale:
Assets measured at fair value	5,313	991
Total Fair Value | Corporate bonds and other securities
Available-for-sale:
Assets measured at fair value	4,658	5,204
Total Fair Value | U.S. Government-sponsored and guaranteed mortgage-backed securities
Available-for-sale:
Assets measured at fair value	40,012	23,602
Total Fair Value | Non-agency mortgage-backed securities
Available-for-sale:
Assets measured at fair value	4,960	5,860
Total Fair Value | Equity securities
Available-for-sale:
Assets measured at fair value	$ 10,000	$ 10,000
Quoted Prices in Active Markets for Identical Assets Level 1
Available-for-sale:
Assets measured at fair value
Quoted Prices in Active Markets for Identical Assets Level 1 | U.S. government and government-sponsored securities
Available-for-sale:
Assets measured at fair value
Quoted Prices in Active Markets for Identical Assets Level 1 | Corporate bonds and other securities
Available-for-sale:
Assets measured at fair value
Quoted Prices in Active Markets for Identical Assets Level 1 | U.S. Government-sponsored and guaranteed mortgage-backed securities
Available-for-sale:
Assets measured at fair value
Quoted Prices in Active Markets for Identical Assets Level 1 | Non-agency mortgage-backed securities
Available-for-sale:
Assets measured at fair value
Quoted Prices in Active Markets for Identical Assets Level 1 | Equity securities
Available-for-sale:
Assets measured at fair value
Significant Other Observable Inputs Level 2
Available-for-sale:
Assets measured at fair value	$ 54,943	$ 35,657
Significant Other Observable Inputs Level 2 | U.S. government and government-sponsored securities
Available-for-sale:
Assets measured at fair value	5,313	991
Significant Other Observable Inputs Level 2 | Corporate bonds and other securities
Available-for-sale:
Assets measured at fair value	4,658	5,204
Significant Other Observable Inputs Level 2 | U.S. Government-sponsored and guaranteed mortgage-backed securities
Available-for-sale:
Assets measured at fair value	40,012	23,602
Significant Other Observable Inputs Level 2 | Non-agency mortgage-backed securities
Available-for-sale:
Assets measured at fair value	$ 4,960	$ 5,860
Significant Other Observable Inputs Level 2 | Equity securities
Available-for-sale:
Assets measured at fair value
Significant Unobservable Inputs Level 3
Available-for-sale:
Assets measured at fair value	$ 10,000	$ 10,000
Significant Unobservable Inputs Level 3 | U.S. government and government-sponsored securities
Available-for-sale:
Assets measured at fair value
Significant Unobservable Inputs Level 3 | Corporate bonds and other securities
Available-for-sale:
Assets measured at fair value
Significant Unobservable Inputs Level 3 | U.S. Government-sponsored and guaranteed mortgage-backed securities
Available-for-sale:
Assets measured at fair value
Significant Unobservable Inputs Level 3 | Non-agency mortgage-backed securities
Available-for-sale:
Assets measured at fair value
Significant Unobservable Inputs Level 3 | Equity securities
Available-for-sale:
Assets measured at fair value	$ 10,000	$ 10,000

Fair Value Measurements - Chang

Fair Value Measurements - Changes in level 3 assets measured at fair value (Details 1) - Available-for-sale securities $ in Thousands	9 Months Ended
	Mar. 31, 2016USD ($)
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance, June 30, 2015	$ 10,000
Unrealized losses included in other comprehensive income
Ending balance, March 31, 2016	$ 10,000

Fair Value Measurements - Ass52

Fair Value Measurements - Assets measured at fair value on a non-recurring basis and the adjustments to the carrying value (Details 2) - Fair value measurements non recurring basis - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Mar. 31, 2016	Mar. 31, 2015
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Losses		$ (211)	$ (675)	$ (444)
Total Fair Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value	$ 1,131	$ 1,479	$ 1,131	$ 1,479
Quoted Prices in Active Markets for Identical Assets Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value
Significant Other Observable Inputs Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value
Significant Unobservable Inputs Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value	$ 1,131	$ 1,479	$ 1,131	$ 1,479
Impaired loan
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Losses		(211)	(647)	(411)
Impaired loan | Total Fair Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value	$ 1,020	$ 1,397	$ 1,020	$ 1,397
Impaired loan | Quoted Prices in Active Markets for Identical Assets Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value
Impaired loan | Significant Other Observable Inputs Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value
Impaired loan | Significant Unobservable Inputs Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value	$ 1,020	$ 1,397	$ 1,020	$ 1,397
Other real estate owned
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Losses			(28)	(33)
Other real estate owned | Total Fair Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value	$ 111	$ 82	$ 111	$ 82
Other real estate owned | Quoted Prices in Active Markets for Identical Assets Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value
Other real estate owned | Significant Other Observable Inputs Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value
Other real estate owned | Significant Unobservable Inputs Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value	$ 111	$ 82	$ 111	$ 82

Fair Value Measurements - Compa

Fair Value Measurements - Company's financial instruments, all of which are held or issued for purposes other than trading (Details 3) - USD ($) $ in Thousands	Mar. 31, 2016	Jun. 30, 2015
Financial assets:
Securities available-for-sale	$ 64,943	$ 45,657
Securities held-to-maturity	155,819	165,644
Accrued interest receivable	1,190	1,051
Financial liabilities:
Mortgagors' escrow accounts	1,454	2,363
Carrying Amount
Financial assets:
Cash and cash equivalents	9,095	5,326
Securities available-for-sale	64,943	45,657
Securities held-to-maturity	153,596	164,096
Federal Home Loan Bank Stock	3,967	5,371
Loans, net	238,144	224,046
Accrued interest receivable	1,190	1,051
Financial liabilities:
Deposits	354,129	357,641
Mortgagors' escrow accounts	1,454	2,363
Federal Home Loan Bank advances	52,500	56,740
Securities sold under agreements to repurchase	2,415	2,797
Accrued interest payable	117	114
Fair Value Hierarchy Level 1
Financial assets:
Cash and cash equivalents	$ 9,095	$ 5,326
Securities available-for-sale
Securities held-to-maturity
Federal Home Loan Bank Stock
Loans, net
Accrued interest receivable
Financial liabilities:
Deposits
Mortgagors' escrow accounts
Federal Home Loan Bank advances
Securities sold under agreements to repurchase
Accrued interest payable
Fair Value Hierarchy Level 2
Financial assets:
Cash and cash equivalents
Securities available-for-sale	$ 54,943	$ 35,657
Securities held-to-maturity	$ 155,819	$ 165,644
Federal Home Loan Bank Stock
Loans, net
Accrued interest receivable
Financial liabilities:
Deposits
Mortgagors' escrow accounts
Federal Home Loan Bank advances	$ 53,891	$ 58,095
Securities sold under agreements to repurchase	$ 2,415	$ 2,797
Accrued interest payable
Fair Value Hierarchy Level 3
Financial assets:
Cash and cash equivalents
Securities available-for-sale	$ 10,000	$ 10,000
Securities held-to-maturity
Federal Home Loan Bank Stock	$ 3,967	$ 5,371
Loans, net	241,465	226,308
Accrued interest receivable	1,190	1,051
Financial liabilities:
Deposits	355,557	359,253
Mortgagors' escrow accounts	$ 1,454	$ 2,363
Federal Home Loan Bank advances
Securities sold under agreements to repurchase
Accrued interest payable	$ 117	$ 114
Fair Value
Financial assets:
Cash and cash equivalents	9,095	5,326
Securities available-for-sale	64,943	45,657
Securities held-to-maturity	155,819	165,644
Federal Home Loan Bank Stock	3,967	5,371
Loans, net	241,465	226,308
Accrued interest receivable	1,190	1,051
Financial liabilities:
Deposits	355,557	359,253
Mortgagors' escrow accounts	1,454	2,363
Federal Home Loan Bank advances	53,891	58,095
Securities sold under agreements to repurchase	2,415	2,797
Accrued interest payable	$ 117	$ 114

Subsequent Events (Detail Textu

Subsequent Events (Detail Textuals) - Subsequent event - Dividend declared	Apr. 06, 2016$ / shares
Subsequent Event [Line Items]
Dividends payable declared date	Apr. 6, 2016
Cash dividend (in dollars per share)	$ 0.025
Dividends payable record date	Apr. 20, 2016
Dividends payable date	May 4, 2016

Commitments to Extend Credit -

Commitments to Extend Credit - Contractual amounts of outstanding commitments (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Jun. 30, 2015
Commitments to extend credit:
Outstanding commitments	$ 21,784	$ 18,222
Loan commitments
Commitments to extend credit:
Outstanding commitments	5,304	3,557
Unadvanced construction loans
Commitments to extend credit:
Outstanding commitments	3,009	787
Unadvanced lines of credit
Commitments to extend credit:
Outstanding commitments	13,076	13,482
Standby letters of credit
Commitments to extend credit:
Outstanding commitments	$ 395	$ 396