PB Bancorp (PBBI) 10-Q 13 Feb 17 2017 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Dec. 31, 2016	Feb. 01, 2017
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	Dec. 31, 2016
Amendment Flag	false
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q2

Consolidated Balance Sheets (Un

Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Dec. 31, 2016	Jun. 30, 2016
ASSETS
Cash and due from depository institutions	$ 4,697	$ 4,753
Interest-bearing demand deposits with other banks	5,630	380
Total cash and cash equivalents	10,327	5,133
Securities available-for-sale, at fair value	64,688	70,436
Securities held-to-maturity (fair value of $125,653 as of December 31, 2016 and $147,217 as of June 30, 2016)	124,926	144,343
Federal Home Loan Bank stock, at cost	4,042	3,819
Loans	288,610	253,647
Less: Allowance for loan losses	(2,650)	(2,303)
Net loans	285,960	251,344
Premises and equipment, net	3,569	3,639
Accrued interest receivable	1,250	1,216
Other real estate owned	1,950	1,895
Goodwill	6,912	6,912
Bank-owned life insurance	12,376	9,699
Net deferred tax asset	2,669	2,538
Other assets	1,852	1,583
Total assets	520,521	502,557
Deposits
Non-interest-bearing	72,090	65,700
Interest-bearing	292,041	290,366
Total deposits	364,131	356,066
Mortgagors' escrow accounts	2,674	2,657
Federal Home Loan Bank advances	61,500	53,900
Securities sold under agreements to repurchase	3,731	2,359
Other liabilities	2,872	2,487
Total liabilities	434,908	417,469
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 par value, 7,880,402 shares issued and outstanding at December 31, 2016 and June 30, 2016.	79	79
Additional paid-in capital	62,844	62,837
Retained earnings	26,535	25,901
Accumulated other comprehensive loss	(333)	(143)
Unearned ESOP shares	(3,512)	(3,586)
Total stockholders' equity	85,613	85,088
Total liabilities and stockholders' equity	$ 520,521	$ 502,557

Consolidated Balance Sheets (U3

Consolidated Balance Sheets (Unaudited) (Parentheticals) - USD ($) $ in Thousands	Dec. 31, 2016	Jun. 30, 2016
Statement Of Financial Position [Abstract]
Securities held-to-maturity securities, fair value (in dollars)	$ 125,653	$ 147,217
Preferred stock, shares authorized	50,000,000	50,000,000
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, shares authorized	100,000,000	100,000,000
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares issued	7,880,402	7,880,402
Common stock, shares outstanding	7,880,402	7,880,402

Consolidated Statements of Net

Consolidated Statements of Net Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended			6 Months Ended
	Dec. 31, 2016	Dec. 31, 2015		Dec. 31, 2016	Dec. 31, 2015
Interest and dividend income:
Interest and fees on loans	$ 2,673	$ 2,388		$ 5,246	$ 4,765
Interest and dividends on investments	1,075	974		2,175	1,973
Other	49	27		59	28
Total interest and dividend income	3,797	3,389		7,480	6,766
Interest expense:
Deposits and escrow	446	468		896	941
Borrowed funds	360	348		713	697
Total interest expense	806	816		1,609	1,638
Net interest and dividend income	2,991	2,573		5,871	5,128
Provision for loan losses	216	683		436	613
Net interest and dividend income after provision for loan losses	2,775	1,890		5,435	4,515
Non-interest income:
Total other-than-temporary impairment losses on debt securities		(8)			(250)
Portion of losses recognized in other comprehensive income		5			211
Net impairment losses recognized in earnings		(3)			(39)
Fees for services	429	435		867	878
Mortgage banking activities	31	39		47	64
Net commissions from brokerage services	31	63		60	85
Income from bank-owned life insurance	91	69		177	138
Gain on sales of other real estate owned, net	3	238		31	352
Legal settlement	521			521
Other income	57	95		111	122
Total non-interest income	1,163	936		1,814	1,600
Non-interest expense:
Compensation and benefits	1,731	1,630		3,402	3,195
Occupancy and equipment	313	301		610	613
Data processing	286	198		466	392
LAN/WAN network	37	36		72	72
Advertising and marketing	43	41		77	76
FDIC deposit insurance	39	94		122	197
Other real estate owned	54	106		110	189
Write-down of other real estate owned	43			43	28
Other	453	470		864	872
Total non-interest expense	2,999	2,876		5,766	5,634
Income (loss) before income tax expense (benefit)	939	(50)		1,483	481
Income tax expense (benefit)	255	(72)		376	54
NET INCOME	$ 684	$ 22	[1]	$ 1,107	$ 427	[1]
Earnings per common share:
Basic (in dollars per share)	$ 0.09		[1]	$ 0.15	$ 0.06	[1]
Diluted (in dollars per share)	$ 0.09		[1]	$ 0.15	$ 0.06	[1]
[1]	Share and per 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 exchage ratio applied in the Conversion (1.1907 to one).

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($) $ in Thousands		3 Months Ended			6 Months Ended
		Dec. 31, 2016	Dec. 31, 2015		Dec. 31, 2016	Dec. 31, 2015
Comprehensive Income (Loss), Net Of Tax, Attributable To Parent [Abstract]
Net income		$ 684	$ 22	[1]	$ 1,107	$ 427	[1]
Other comprehensive loss:
Net unrealized holding losses on available-for-sale securities		(525)	(308)		(298)	(41)
Reclassification adjustment for losses realized in income on available-for-sale securities	[2]		3			39
Non-credit portion of other-than-temporary losses on available-for-sale securities			(5)			(211)
Other comprehensive loss before tax		(525)	(310)		(298)	(213)
Income tax benefit related to other comprehensive loss		185	105		108	73
Other comprehensive loss net of tax		(340)	(205)		(190)	(140)
Total comprehensive income (loss)		$ 344	$ (183)		$ 917	$ 287
[1]	Share and per 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 exchage ratio applied in the Conversion (1.1907 to one).
[2]	Reported in net impairment losses recognized in earnings included in non-interest income on the consolidated statements of net income. Income tax benefits associated with the reclassification adjustments were $1,000 and $15,000 for the three and six months ended December 31, 2016 and 2015, respectively.

Consolidated Statements of Com6

Consolidated Statements of Comprehensive Income (Loss) (Unaudited) (Paretheticals) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2016	Dec. 31, 2015
Comprehensive Income (Loss), Net Of Tax, Attributable To Parent [Abstract]
Income tax benefit associated with reclassification adjustments	$ 1,000	$ 1,000	$ 15,000	$ 15,000

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, 2015		$ 694	$ 30,602	$ 25,919	$ (198)	$ (1,182)	$ (4,091)	$ 51,744
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Comprehensive income				427	(140)			287
Cash dividends declared ($0.07 and $0.06 per share for year 2015 and 2016 respectively)	[1]			(524)				(524)
ESOP shares committed to be released (7,608 and 9,009 shares for year 2015 and 2016 respectively)	[1]			(5)		64		59
Balances at Dec. 31, 2015		694	30,602	25,817	(338)	(1,118)	(4,091)	51,566
Balances at Jun. 30, 2016		79	62,837	25,901	(143)	(3,586)		85,088
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Comprehensive income				1,107	(190)			917
Cash dividends declared ($0.07 and $0.06 per share for year 2015 and 2016 respectively)				(473)				(473)
ESOP shares committed to be released (7,608 and 9,009 shares for year 2015 and 2016 respectively)			7			74		81
Balances at Dec. 31, 2016		$ 79	$ 62,844	$ 26,535	$ (333)	$ (3,512)		$ 85,613
[1]	Share and per 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 exchage ratio applied in the Conversion (1.1907 to one).

Consolidated Statements of Cha8

Consolidated Statements of Changes in Stockholders' Equity (Unaudited) (Parentheticals)	6 Months Ended
	Dec. 31, 2016$ / sharesshares	Dec. 31, 2015$ / sharesshares
Statement Of Stockholders' Equity [Abstract]
Cash dividends declared (in dollars per share) | $ / shares	$ 0.06	$ 0.07
Number of ESOP shares committed to be released (in shares) | shares	9,009	7,608
Share exchange conversion rate	1.1907

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Cash flows from operating activities
Net income	$ 1,107	$ 427	[1]
Adjustments to reconcile net income to net cash provided by operating activities:
Amortization of securities, net	462	724
Impairment losses on securities		39
Amortization of deferred loan costs, net	90	81
Provision for loan losses	436	613
Gain on sale of other real estate owned, net	(31)	(352)
Write-down of other real estate owned	43	28
Loss on sale of premises and equipment	9
Depreciation and amortization - premises and equipment	168	159
Amortization - software	44	59
Increase in accrued interest receivable and other assets	(315)	(406)
Income from bank-owned life insurance	(177)	(138)
Increase (decrease) in other liabilities	385	(92)
Deferred tax expense (benefit)	(23)	124
ESOP expense	81	59
Net cash provided by operating activities	2,279	1,325
Cash flows from investing activities
Proceeds from calls, pay downs and maturities of available-for-sale securities	5,323	3,030
Purchase of held-to-maturity securities		(10,782)
Proceeds from calls, pay downs and maturities of held-to-maturity securities	19,082	18,953
(Purchase) redemption of Federal Home Loan Bank stock	(223)	1,256
Loan principal originations, net of repayments	(24,920)	(5,736)
Loan purchases	(10,719)	(7,289)
Recoveries of loans previously charged off	30	203
Purchase of bank-owned life insurance	(2,500)
Proceeds from sale of other real estate owned	400	3,498
Capital expenditures - premises and equipment	(107)	(96)
Capital expenditures - software	(32)
Net cash (used in) provided by investing activities	(13,666)	3,037
Cash flows from financing activities
Net increase in deposit accounts	8,065	29,834
Net increase in mortgagors' escrow accounts	17	71
Proceeds from long-term Federal Home Loan Bank advances	11,000
Repayment of long-term Federal Home Loan Bank advances	(2,000)
Change in short term Federal Home Loan Bank advances, net	(1,400)	(4,240)
Net increase in securities sold under agreements to repurchase	1,372	2,117
Cash dividends paid on common stock	(473)	(524)
Net cash provided by financing activities	16,581	27,258
Net increase in cash and cash equivalents	5,194	31,620
Cash and cash equivalents at beginning of year	5,133	5,326
Cash and cash equivalents at end of period	10,327	36,946
Cash paid during the period for:
Interest	1,600	1,644
Income taxes	4	1
Loans transferred to other real estate owned	$ 467	$ 1,438
[1]	Share and per 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 exchage ratio applied in the Conversion (1.1907 to one).

Organization

Organization	6 Months Ended
	Dec. 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. Also, an additional 317,287 shares were purchased by the Bank’s Employee Stock Ownership Plan with the proceeds of a loan from the Company. 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 for periods prior to January 7, 2016 is derived from the consolidated financial statements of PSB Holdings, Inc. and its subsidiaries.

Basis of Presentation

Basis of Presentation	6 Months Ended
	Dec. 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, 2017. These financial statements should be read in conjunction with the 2016 consolidated financial statements and notes thereto included in the PB Bancorp, Inc.’s Annual Report on Form 10-K filed with the Securities and Exchange Commission (SEC) on September 26, 2016.

Recent Accounting Pronouncement

Recent Accounting Pronouncements	6 Months Ended
	Dec. 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) Revenue from Contracts with Customers (Topic 606), Deferral of the Effective Date, . In January 2016, the FASB issued ASU 2016-01, Financial Instruments – Overall, (Subtopic 825-10) Recognition and Measurement of Financial Assets and Financial Liabilities 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) In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments—Credit Losses (Topic 326), In August 2016, the FASB issued ASU No. 2016-15, Statement of Cash Flows (Topic 230), Classification of Certain Cash Receipts and Cash Payments. In October 2016, the FASB issued ASU 2016-16, Income Taxes (Topic 740): Intra-Entity Transfers of Assets Other Than Inventory. In November 2016, the FASB issued ASU 2016-18, Statement of Cash Flows (Topic 230): Restricted Cash In January 2017, the FASB issued ASU 2017-04, Intangibles – Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment.

Critical Accounting Policies

Critical Accounting Policies	6 Months Ended
	Dec. 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, realizability of deferred income taxes, valuation of 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. During the quarter ended December 31, 2016, the Company changed its calculation of historical losses from a two year rolling average to a five year rolling average. The change was made to enable the Company to include more meaningful and relevant loss data over a time period indicative of the risk in the Company’s current loan portfolio. 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 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 The first step (“Step 1”) is used to identify potential impairment, and involves comparing the reporting unit’s (the consolidated Company) estimated fair value to its carrying amount, including goodwill. If the estimated fair value of the reporting unit exceeds its carrying amount, goodwill is not deemed to be impaired. Should the carrying amount of the reporting unit exceed its estimated fair value, an indicator of impairment is deemed to exist and a second step is performed to measure the amount of such impairment, if any. The second step (“Step 2”) involves calculating the implied fair value of goodwill. The implied fair value of goodwill is determined in a manner similar to how the amount of goodwill is determined in a business combination (i.e. by measuring the excess of the estimated fair value, as determined in Step 1, over the aggregate estimated fair values of the individual assets, liabilities, and identifiable intangibles as of the impairment testing date). If the implied fair value of goodwill exceeds the carrying amount of goodwill assigned to the reporting unit, no impairment exists. If the carrying amount of goodwill exceeds the implied fair value of the goodwill, an impairment loss is recorded in an amount equal to such excess. An impairment loss cannot exceed the carrying amount of goodwill, and the loss (write-down) establishes a new carrying amount for the goodwill. Subsequent reversal of goodwill impairment losses is not permitted. Application of the goodwill impairment test requires significant judgments including estimation of future cash flows, which are dependent on internal forecasts, estimation of the long-term rate of growth, the period over which cash flows will occur, and determination of our cost of capital. Changes in these estimates and assumptions could materially affect the determination of fair value and/or conclusions related to goodwill impairment. Other-Than-Temporary Impairment of Securities. OTTI is required to be recognized if (1) the Company intends to sell the security; (2) it is “more likely than not” that the Company will be required to sell the security before recovery of its amortized cost basis; or (3) for debt securities, the present value of expected cash flows is not sufficient to recover the entire amortized cost basis. Marketable equity securities are evaluated for OTTI based on the severity and duration of the impairment and, if deemed to be other than temporary, the declines in fair value are reflected in earnings as realized losses. For impaired debt securities that the Company intends to sell, or more likely than not will be required to sell, the full amount of the depreciation is recognized as OTTI through earnings. For all other impaired debt securities, credit-related OTTI is recognized through earnings and non-credit related OTTI is recognized in other comprehensive income/loss, net of applicable taxes. 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)	6 Months Ended
	Dec. 31, 2016
Earnings Per Share [Abstract]
Earnings Per Share (EPS)	NOTE 5 – Earnings Per Share (EPS) 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 six months ended December 31, 2016 and 2015: Three months ended December 31, Six months ended December 31, 2016 2015 (1) 2016 2015 (1) Net income $ 684,000 $ 22,000 $ 1,107,000 $ 427,000 Weighted average common shares applicable to basic EPS 7,443,533 7,652,128 7,441,281 7,650,225 Effect of dilutive potential common shares 704 2,524 352 1,262 Weighted average common shares applicable to diluted EPS 7,444,237 7,654,652 7,441,633 7,651,487 Earnings per share: Basic $ 0.09 $ - $ 0.15 $ 0.06 Diluted $ 0.09 $ - $ 0.15 $ 0.06 (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).

Investment Securities

Investment Securities	6 Months Ended
	Dec. 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 Gains (Losses) Value (in thousands) December 31, 2016: Available-for-sale: Debt securities: U.S. government and government-sponsored securities: Due from one through five years $ 1,000 $ - $ (4 ) $ 996 After ten years 4,216 - (37 ) 4,179 5,216 - (41 ) 5,175 Corporate bonds and other securities: Due after ten years 5,999 - (598 ) 5,401 U.S. Government-sponsored and guaranteed mortgage-backed securities: Due in one year or less 34 1 - 35 From one through five years 59 1 - 60 From five through ten years 9,304 75 (97 ) 9,282 After ten years 30,624 239 (255 ) 30,608 40,021 316 (352 ) 39,985 Non-agency mortgage-backed securities: Due after ten years 3,963 462 (298 ) 4,127 Total debt securities 55,199 778 (1,289 ) 54,688 Equity securities: Auction rate preferred - due after 10 years 10,000 - - 10,000 Total available-for-sale securities $ 65,199 $ 778 $ (1,289 ) $ 64,688 Held-to-maturity: U.S. government and government-sponsored securities: Due in one year or less $ 2,251 $ - $ (1 ) $ 2,250 From one through five years 6,961 125 - 7,086 After ten years 5,367 - (121 ) 5,246 14,579 125 (122 ) 14,582 State agency and municipal obligations Due from five through ten years 454 - (19 ) 435 U.S. Government-sponsored and guaranteed mortgage-backed securities: Due from one through five years 1,408 51 - 1,459 From five through ten years 1,696 57 - 1,753 After ten years 106,789 1,208 (573 ) 107,424 109,893 1,316 (573 ) 110,636 Total held-to-maturity securities $ 124,926 $ 1,441 $ (714 ) $ 125,653 Amortized Gross Unrealized Fair Cost Basis Gains (Losses) Value (in thousands) June 30, 2016: Available-for-sale: Debt securities: U.S. government and government-sponsored securities: Due from one through five years $ 1,000 $ 4 $ - $ 1,004 After ten years 4,293 - (12 ) 4,281 5,293 4 (12 ) 5,285 Corporate bonds and other securities: Due after ten years 5,999 - (1,024 ) 4,975 U.S. Government-sponsored and guaranteed mortgage-backed securities: Due from one through five years 171 4 - 175 From five through ten years 10,454 263 - 10,717 After ten years 34,398 447 (13 ) 34,832 45,023 714 (13 ) 45,724 Non-agency mortgage-backed securities: Due after ten years 4,334 443 (325 ) 4,452 Total debt securities 60,649 1,161 (1,374 ) 60,436 Equity securities: Auction rate preferred - due after 10 years 10,000 - - 10,000 Total available-for-sale securities $ 70,649 $ 1,161 $ (1,374 ) $ 70,436 Held-to-maturity: U.S. government and government-sponsored securities: Due from one through five years $ 9,208 $ 292 $ - $ 9,500 From five through ten years 5,481 86 - 5,567 14,689 378 - 15,067 State agency and municipal obligations Due in five through ten years 457 4 - 461 U.S. Government-sponsored and guaranteed mortgage-backed securities: Due in one through five years 1,736 97 - 1,833 From five through ten years 1,314 61 - 1,375 After ten years 126,147 2,392 (58 ) 128,481 129,197 2,550 (58 ) 131,689 Total held-to-maturity securities $ 144,343 $ 2,932 $ (58 ) $ 147,217 There were no sales of available-for-sale securities for the three and six months ended December 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 no other-than-temporary impairment charges on available-for-sale securities realized in income during the three and six months ended December 31, 2016. There were other-than-temporary impairment charges on available-for-sale securities of $3,000 realized in income during the three months ended December 31, 2015. The write-downs included total other-than-temporary impairment losses on non-agency mortgage-back securities of $8,000, net of $5,000 recognized in other comprehensive loss, before taxes. There were other-than-temporary impairment charges on available-for-sale securities of $39,000 realized in income during the six months ended December 31, 2015. The write-downs included total other-than-temporary impairment losses on non-agency mortgage-back securities of $250,000, net of $211,000 recognized in other comprehensive loss, 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 December 31, 2016: Value Losses Value Losses Value Losses Available-for-sale: (in thousands) Debt securities: U.S. Government and government-sponsored securities $ 5,175 $ 41 $ - $ - $ 5,175 $ 41 Corporate bonds and other securities - - 5,401 598 5,401 598 U.S. Government-sponsored and guaranteed mortgage-backed securities 26,558 352 - - 26,558 352 Total temporarily impaired available-for-sale 31,733 393 5,401 598 37,134 991 Held-to-maturity: U.S. Government and government-sponsored securities 7,496 122 - - 7,496 122 State and political subdivisions 435 19 - - 435 19 U.S. Government-sponsored and guaranteed mortgage-backed securities 39,052 427 5,832 146 44,884 573 Total temporarily impaired held-to-maturity 46,983 568 5,832 146 52,815 714 Other-than-temporarily impaired debt securities (1): Non-agency mortgage-backed securities - - 1,994 298 1,994 298 Total temporarily-impaired and other- than-temporarily impaired securities $ 78,716 $ 961 $ 13,227 $ 1,042 $ 91,943 $ 2,003 Less than 12 months 12 months or more Total Fair Unrealized Fair Unrealized Fair Unrealized June 30, 2016: Value Losses Value Losses Value Losses Available-for-sale: (in thousands) Debt securities: U.S. Government and government-sponsored guaranteed securities $ 4,281 $ 12 $ - $ - $ 4,281 $ 12 Corporate bonds and other securities - - 4,975 1,024 4,975 1,024 U.S. Government-sponsored and guaranteed mortgage-backed securities 9,078 13 - - 9,078 13 Total temporarily impaired available-for-sale 13,359 25 4,975 1,024 18,334 1,049 Held-to-maturity: U.S. Government-sponsored and guaranteed mortgage-backed securities 5,236 13 8,503 45 13,739 58 Total temporarily impaired held-to-maturity 5,236 13 8,503 45 13,739 58 Other-than-temporarily impaired debt securities (1): Non-agency mortgage-backed securities - - 2,115 325 2,115 325 Total temporarily-impaired and other- than-temporarily impaired securities $ 18,595 $ 38 $ 15,593 $ 1,394 $ 34,188 $ 1,432 (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 December 31, 2016, there were 66 individual investment securities with aggregate depreciation of 2.1% 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 December 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 December 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 $5.4 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 six months ended December 31, 2015, 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 loss: Six months ended December 31, 2016 2015 (in thousands) Balance at beginning of period $ 15,982 $ 15,898 Additional credit losses on securities for which an other-than-temporary impairment charge was previously recorded - 39 Balance at end of period $ 15,982 $ 15,937

Loans

Loans	6 Months Ended
	Dec. 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 December 31, 2016 and June 30, 2016: December 31, June 30, 2016 2016 (in thousands) Real Estate: Residential (1) $ 209,713 $ 197,359 Commercial 62,222 43,839 Residential construction 1,776 853 Commercial 12,920 9,799 Consumer and other 718 691 Total loans 287,349 252,541 Net deferred loan costs 1,261 1,106 Allowance for loan losses (2,650 ) (2,303 ) Loans, net $ 285,960 $ 251,344 (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 December 31, 2016 and June 30, 2016: Residential Commercial Residential Consumer December 31, 2016 Real Estate Real Estate Construction Commercial and other Total (in thousands) Grade: Pass $ 205,800 $ 58,742 $ 1,776 $ 12,897 $ 715 $ 279,930 Special Mention 406 372 - - - 778 Substandard 3,507 3,108 - 23 3 6,641 Doubtful - - - - - - Loss - - - - - - Total $ 209,713 $ 62,222 $ 1,776 $ 12,920 $ 718 $ 287,349 June 30, 2016 Grade: Pass $ 193,574 $ 37,307 $ 853 $ 9,758 $ 690 $ 242,182 Special Mention 418 648 - - - 1,066 Substandard 3,367 5,821 - 41 1 9,230 Doubtful - 63 - - - 63 Loss - - - - - - Total $ 197,359 $ 43,839 $ 853 $ 9,799 $ 691 $ 252,541 There were no modifications deemed to be troubled debt restructures during the three and six months ended December 31, 2016 and 2015. There were no troubled debt restructurings that subsequently defaulted (defined as 30 or more days past due subsequent to restructuring) within one year of modification during the three and six months ended December 31, 2016 and 2015.

Non-performing Assets, Past Due

Non-performing Assets, Past Due and Impaired Loans	6 Months Ended
	Dec. 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 December 31, At June 30, 2016 2016 (Dollars in thousands) Non-accrual loans: Real Estate: Residential $ 3,507 $ 3,367 Commercial 797 876 Commercial 13 16 Consumer 3 1 Total non-accrual loans 4,320 4,260 Accruing loans past due 90 days or more - - Total non-performing loans 4,320 4,260 Other real estate owned 1,950 1,895 Total non-performing assets $ 6,270 $ 6,155 Total non-performing loans to total loans 1.50 % 1.69 % Total non-performing assets to total assets 1.20 % 1.22 % 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. The following table sets forth information regarding past due loans at December 31, 2016 and June 30, 2016: 90 days 30–59 Days 60–89 Days or Greater Total At December 31, 2016 Past Due Past Due Past Due Past Due (in thousands) Real Estate: Residential $ 2,346 $ 631 $ 290 $ 3,267 Commercial 441 - - 441 Consumer and other 2 - - 2 Total $ 2,789 $ 631 $ 290 $ 3,710 At June 30, 2016 Real Estate: Residential $ 419 $ - $ 437 $ 856 Commercial - - 62 62 Consumer and other 2 - - 2 Total $ 421 $ - $ 499 $ 920 The following is a summary of information pertaining to impaired loans at December 31, 2016 and June 30, 2016: At December 31, 2016 At June 30, 2016 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 $ 1,247 $ 1,353 $ 1,110 $ 1,156 Commercial 1,612 2,296 2,597 3,317 Commercial 13 13 16 16 Total impaired with no valuation allowance $ 2,872 $ 3,662 $ 3,723 $ 4,489 Impaired loans with a valuation allowance: Real Estate: Residential $ 711 $ 711 $ 14 $ 1,019 $ 1,079 $ 29 Total impaired with a valuation allowance $ 711 $ 711 $ 14 $ 1,019 $ 1,079 $ 29 Total impaired loans: Real Estate: Residential $ 1,958 $ 2,064 $ 14 $ 2,129 $ 2,235 $ 29 Commercial 1,612 2,296 - 2,597 3,317 - Commercial 13 13 - 16 16 - Total impaired loans $ 3,583 $ 4,373 $ 14 $ 4,742 $ 5,568 $ 29 The following is a summary of additional information pertaining to impaired loans: Three months ended Three months ended December 31, 2016 December 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 $ 2,027 $ 6 $ - $ 2,217 $ 15 $ 7 Commercial 2,060 25 - 3,457 16 - Commercial 13 - - 200 1 - Total impaired loans $ 4,100 $ 31 $ - $ 5,874 $ 32 $ 7 Six months ended Six months ended December 31, 2016 December 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 $ 2,061 $ 12 $ - $ 2,282 $ 25 $ 7 Commercial 2,239 62 - 3,685 36 - Commercial 14 - - 141 4 - Total impaired loans $ 4,314 $ 74 $ - $ 6,108 $ 65 $ 7

Allowance for Loan Losses

Allowance for Loan Losses	6 Months Ended
	Dec. 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 six months ended December 31, 2016 and 2015 is as follows: Three months ended December 31, 2016 Residential Commercial Residential Consumer Real Estate Real Estate Construction Commercial and Other Unallocated Total (in thousands) Beginning balance $ 1,283 $ 914 $ 13 $ 70 $ 49 $ 96 $ 2,425 Charge-offs - - - - (8 ) - (8 ) Recoveries 9 - - 4 4 - 17 Provision (credit) 122 110 (2 ) 14 12 (40 ) 216 Ending Balance $ 1,414 $ 1,024 $ 11 $ 88 $ 57 $ 56 $ 2,650 Three months ended December 31, 2015 Beginning balance $ 1,051 $ 911 $ 4 $ 31 $ 29 $ 83 $ 2,109 Charge-offs (41 ) (620 ) - - (9 ) - (670 ) Recoveries 11 165 - 3 4 - 183 Provision 97 512 5 18 6 45 683 Ending Balance $ 1,118 $ 968 $ 9 $ 52 $ 30 $ 128 $ 2,305 Six months ended December 31, 2016 Allowance for loan losses: Beginning balance $ 1,171 $ 967 $ 6 $ 78 $ 20 $ 61 $ 2,303 Charge-offs (100 ) - - - (19 ) - (119 ) Recoveries 19 - - 5 6 - 30 Provision (credit) 324 57 5 5 50 (5 ) 436 Ending Balance $ 1,414 $ 1,024 $ 11 $ 88 $ 57 $ 56 $ 2,650 Six months ended December 31, 2015 Allowance for loan losses: Beginning balance $ 1,091 $ 906 $ 5 $ 41 $ 26 $ 106 $ 2,175 Charge-offs (41 ) (620 ) - - (25 ) - (686 ) Recoveries 24 165 - 6 8 - 203 Provision 44 517 4 5 21 22 613 Ending Balance $ 1,118 $ 968 $ 9 $ 52 $ 30 $ 128 $ 2,305 Further information pertaining to the allowance for loan losses at December 31, 2016 and June 30, 2016 is as follows: Residential Commercial Residential Consumer At December 31, 2016 Real Estate Real Estate Construction Commercial and Other Unallocated Total (in thousands) Amount of allowance for loan losses for impaired loans $ 14 $ - $ - $ - $ - $ - $ 14 Amount of allowance for loan losses for non-impaired loans $ 1,400 $ 1,024 $ 11 $ 88 $ 57 $ 56 $ 2,636 Impaired loans $ 1,958 $ 1,612 $ - $ 13 $ - $ - $ 3,583 Non-impaired loans $ 207,755 $ 60,610 $ 1,776 $ 12,907 $ 718 $ - $ 283,766 At June 30, 2016 Amount of allowance for loan losses for impaired loans $ 29 $ - $ - $ - $ - $ - $ 29 Amount of allowance for loan losses for non-impaired loans $ 1,142 $ 967 $ 6 $ 78 $ 20 $ 61 $ 2,274 Impaired loans $ 2,129 $ 2,597 $ - $ 16 $ - $ - $ 4,742 Non-impaired loans $ 195,230 $ 41,242 $ 853 $ 9,783 $ 691 $ - $ 247,799

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss)	6 Months Ended
	Dec. 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: December 31, June 30, 2016 2016 (in thousands) Net unrealized loss on securities available-for-sale $ (511 ) $ (213 ) Tax effect 178 70 Accumulated other comprehensive loss $ (333 ) $ (143 )

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	6 Months Ended
	Dec. 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 December 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. Level 3 assets consisted of available-for-sale auction-rate trust preferred securities (ARPs). The Company had difficulty identifying market prices of comparable instruments for ARPs due to the inactive market. As a result, the Company modified its methodology for determining the fair value of the ARPs classified as Level 3, and used the quoted market values of the underlying collateral preferred shares, adjusted for the higher yield (dividend) earned by the Company through the Class A certificates compared with the nominal rate (dividend) available to a direct owner of the collateral preferred shares, with the resulting estimated fair value not to exceed par. All dividends are current. The Company has the ability and intent to hold these securities for the time necessary to collect the expected 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 of the fair value hierarchy during the six months ended December 31, 2016. The following summarizes assets measured at fair value on a recurring basis at December 31, 2016 and June 30, 2016: At December 31, 2016 Total Fair Value Level 1 Level 2 Level 3 Securities available-for-sale: (in thousands) U.S. government and government-sponsored securities $ 5,175 $ - $ 5,175 $ - Corporate bonds and other securities 5,401 - 5,401 - U.S. Government-sponsored and guaranteed mortgage-backed securities 39,985 - 39,985 - Non-agency mortgage-backed securities 4,127 - 4,127 - Equity securities 10,000 - - 10,000 Total $ 64,688 $ - $ 54,688 $ 10,000 At June 30, 2016 Securities available-for-sale: U.S. government and government-sponsored securities $ 5,285 $ - $ 5,285 $ - Corporate bonds and other securities 4,975 - 4,975 - U.S. Government-sponsored and guaranteed mortgage-backed securities 45,724 - 45,724 - Non-agency mortgage-backed securities 4,452 - 4,452 - Equity securities 10,000 - - 10,000 Total $ 70,436 $ - $ 60,436 $ 10,000 There was no change in level 3 assets measured at fair value for the three and six months ended December 31, 2016. 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 six months ended December 31, 2016 and 2015: Total Losses Total Losses for the three for the six At December 31, 2016 Total Fair months ended months ended Value Level 1 Level 2 Level 3 December 31, 2016 December 31, 2016 (in thousands) Other real estate owned $ 356 $ - $ - $ 356 $ 43 $ 43 Total Losses Total Losses for the three for the six At December 31, 2015 Total Fair months ended months ended Value Level 1 Level 2 Level 3 December 31, 2015 December 31, 2015 (in thousands) Impaired loans $ 909 $ - $ - $ 909 $ 621 $ 621 Other real estate owned 111 - - 111 - 28 $ 1,020 $ - $ - $ 1,020 $ 621 $ 649 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 December 31, 2016 or June 30, 2016. The following methods and assumptions were used by the Company in estimating fair value disclosures of its financial instruments: Cash and Cash Equivalents. Investment Securities Held-to-maturity 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 December 31, 2016 and June 30, 2016: December 31, 2016 Carrying Fair Value Hierarchy Total Fair Amount Level 1 Level 2 Level 3 Value (in thousands) Financial assets: Cash and cash equivalents $ 10,327 $ 10,327 $ - $ - $ 10,327 Securities available-for-sale 64,688 - 54,688 10,000 64,688 Securities held-to-maturity 124,926 - 125,653 - 125,653 Federal Home Loan Bank stock 4,042 - - 4,042 4,042 Loans, net 285,960 - - 287,495 287,495 Accrued interest receivable 1,250 - - 1,250 1,250 Financial liabilities: Deposits 364,131 - - 365,588 365,588 Mortgagors' escrow accounts 2,674 - - 2,674 2,674 Federal Home Loan Bank advances 61,500 - 62,748 - 62,748 Securities sold under agreements to repurchase 3,731 - 3,731 - 3,731 Accrued interest payable 123 - - 123 123 June 30, 2016 Carrying Fair Value Hierarchy Total Fair Amount Level 1 Level 2 Level 3 Value (in thousands) Financial assets: Cash and cash equivalents $ 5,133 $ 5,133 $ - $ - $ 5,133 Securities available-for-sale 70,436 - 60,436 10,000 70,436 Securities held-to-maturity 144,343 - 147,217 - 147,217 Federal Home Loan Bank stock 3,819 - - 3,819 3,819 Loans, net 251,344 - - 255,346 255,346 Accrued interest receivable 1,216 - - 1,216 1,216 Financial liabilities: Deposits 356,066 - - 357,497 357,497 Mortgagors' escrow accounts 2,657 - - 2,657 2,657 Federal Home Loan Bank advances 53,900 - 56,045 - 56,045 Securities sold under agreements to repurchase 2,359 - 2,359 - 2,359 Accrued interest payable 114 - - 114 114

Subsequent Events

Subsequent Events	6 Months Ended
	Dec. 31, 2016
Subsequent Events [Abstract]
Subsequent Events	NOTE 12 – Subsequent Events On January 4, 2017, the Board of Directors of PB Bancorp, Inc. declared a cash dividend of $0.03 a share for all stockholders of record as of January 18, 2017, which is payable on February 1, 2017. On January 18, 2017, PB Bancorp, Inc. (the “Company”) announced that its Board of Directors has adopted a stock repurchase program. Under the repurchase program, the Company may repurchase up to 394,020 shares of its common stock, or approximately 5.0% of the current outstanding shares. Repurchases will be made no sooner than the termination of the Company’s regular quarterly trading blackout after the Company publicly releases its results of operations for the fiscal quarter ended December 31, 2016, and consistent with the Company’s trading policies.

Commitments to Extend Credit

Commitments to Extend Credit	6 Months Ended
	Dec. 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: December 31, June 30, 2016 2016 (in thousands) Commitments to extend credit: Loan commitments $ 12,100 $ 4,714 Unadvanced construction loans 8,251 2,590 Unadvanced lines of credit 12,987 13,396 Standby letters of credit 695 395 Outstanding commitments $ 34,033 $ 21,095

Critical Accounting Policies (P

Critical Accounting Policies (Policies)	6 Months Ended
	Dec. 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. During the quarter ended December 31, 2016, the Company changed its calculation of historical losses from a two year rolling average to a five year rolling average. The change was made to enable the Company to include more meaningful and relevant loss data over a time period indicative of the risk in the Company’s current loan portfolio. 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 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 The first step (“Step 1”) is used to identify potential impairment, and involves comparing the reporting unit’s (the consolidated Company) estimated fair value to its carrying amount, including goodwill. If the estimated fair value of the reporting unit exceeds its carrying amount, goodwill is not deemed to be impaired. Should the carrying amount of the reporting unit exceed its estimated fair value, an indicator of impairment is deemed to exist and a second step is performed to measure the amount of such impairment, if any. The second step (“Step 2”) involves calculating the implied fair value of goodwill. The implied fair value of goodwill is determined in a manner similar to how the amount of goodwill is determined in a business combination (i.e. by measuring the excess of the estimated fair value, as determined in Step 1, over the aggregate estimated fair values of the individual assets, liabilities, and identifiable intangibles as of the impairment testing date). If the implied fair value of goodwill exceeds the carrying amount of goodwill assigned to the reporting unit, no impairment exists. If the carrying amount of goodwill exceeds the implied fair value of the goodwill, an impairment loss is recorded in an amount equal to such excess. An impairment loss cannot exceed the carrying amount of goodwill, and the loss (write-down) establishes a new carrying amount for the goodwill. Subsequent reversal of goodwill impairment losses is not permitted. Application of the goodwill impairment test requires significant judgments including estimation of future cash flows, which are dependent on internal forecasts, estimation of the long-term rate of growth, the period over which cash flows will occur, and determination of our cost of capital. Changes in these estimates and assumptions could materially affect the determination of fair value and/or conclusions related to goodwill impairment.
Other-Than-Temporary Impairment of Securities	Other-Than-Temporary Impairment of Securities. OTTI is required to be recognized if (1) the Company intends to sell the security; (2) it is “more likely than not” that the Company will be required to sell the security before recovery of its amortized cost basis; or (3) for debt securities, the present value of expected cash flows is not sufficient to recover the entire amortized cost basis. Marketable equity securities are evaluated for OTTI based on the severity and duration of the impairment and, if deemed to be other than temporary, the declines in fair value are reflected in earnings as realized losses. For impaired debt securities that the Company intends to sell, or more likely than not will be required to sell, the full amount of the depreciation is recognized as OTTI through earnings. For all other impaired debt securities, credit-related OTTI is recognized through earnings and non-credit related OTTI is recognized in other comprehensive income/loss, net of applicable taxes.
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)	6 Months Ended
	Dec. 31, 2016
Earnings Per Share [Abstract]
Schedule of computation of EPS on basic and diluted basis	Three months ended December 31, Six months ended December 31, 2016 2015 (1) 2016 2015 (1) Net income $ 684,000 $ 22,000 $ 1,107,000 $ 427,000 Weighted average common shares applicable to basic EPS 7,443,533 7,652,128 7,441,281 7,650,225 Effect of dilutive potential common shares 704 2,524 352 1,262 Weighted average common shares applicable to diluted EPS 7,444,237 7,654,652 7,441,633 7,651,487 Earnings per share: Basic $ 0.09 $ - $ 0.15 $ 0.06 Diluted $ 0.09 $ - $ 0.15 $ 0.06 (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).

Investment Securities (Tables)

Investment Securities (Tables)	6 Months Ended
	Dec. 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 Gains (Losses) Value (in thousands) December 31, 2016: Available-for-sale: Debt securities: U.S. government and government-sponsored securities: Due from one through five years $ 1,000 $ - $ (4 ) $ 996 After ten years 4,216 - (37 ) 4,179 5,216 - (41 ) 5,175 Corporate bonds and other securities: Due after ten years 5,999 - (598 ) 5,401 U.S. Government-sponsored and guaranteed mortgage-backed securities: Due in one year or less 34 1 - 35 From one through five years 59 1 - 60 From five through ten years 9,304 75 (97 ) 9,282 After ten years 30,624 239 (255 ) 30,608 40,021 316 (352 ) 39,985 Non-agency mortgage-backed securities: Due after ten years 3,963 462 (298 ) 4,127 Total debt securities 55,199 778 (1,289 ) 54,688 Equity securities: Auction rate preferred - due after 10 years 10,000 - - 10,000 Total available-for-sale securities $ 65,199 $ 778 $ (1,289 ) $ 64,688 Held-to-maturity: U.S. government and government-sponsored securities: Due in one year or less $ 2,251 $ - $ (1 ) $ 2,250 From one through five years 6,961 125 - 7,086 After ten years 5,367 - (121 ) 5,246 14,579 125 (122 ) 14,582 State agency and municipal obligations Due from five through ten years 454 - (19 ) 435 U.S. Government-sponsored and guaranteed mortgage-backed securities: Due from one through five years 1,408 51 - 1,459 From five through ten years 1,696 57 - 1,753 After ten years 106,789 1,208 (573 ) 107,424 109,893 1,316 (573 ) 110,636 Total held-to-maturity securities $ 124,926 $ 1,441 $ (714 ) $ 125,653 Amortized Gross Unrealized Fair Cost Basis Gains (Losses) Value (in thousands) June 30, 2016: Available-for-sale: Debt securities: U.S. government and government-sponsored securities: Due from one through five years $ 1,000 $ 4 $ - $ 1,004 After ten years 4,293 - (12 ) 4,281 5,293 4 (12 ) 5,285 Corporate bonds and other securities: Due after ten years 5,999 - (1,024 ) 4,975 U.S. Government-sponsored and guaranteed mortgage-backed securities: Due from one through five years 171 4 - 175 From five through ten years 10,454 263 - 10,717 After ten years 34,398 447 (13 ) 34,832 45,023 714 (13 ) 45,724 Non-agency mortgage-backed securities: Due after ten years 4,334 443 (325 ) 4,452 Total debt securities 60,649 1,161 (1,374 ) 60,436 Equity securities: Auction rate preferred - due after 10 years 10,000 - - 10,000 Total available-for-sale securities $ 70,649 $ 1,161 $ (1,374 ) $ 70,436 Held-to-maturity: U.S. government and government-sponsored securities: Due from one through five years $ 9,208 $ 292 $ - $ 9,500 From five through ten years 5,481 86 - 5,567 14,689 378 - 15,067 State agency and municipal obligations Due in five through ten years 457 4 - 461 U.S. Government-sponsored and guaranteed mortgage-backed securities: Due in one through five years 1,736 97 - 1,833 From five through ten years 1,314 61 - 1,375 After ten years 126,147 2,392 (58 ) 128,481 129,197 2,550 (58 ) 131,689 Total held-to-maturity securities $ 144,343 $ 2,932 $ (58 ) $ 147,217
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 December 31, 2016: Value Losses Value Losses Value Losses Available-for-sale: (in thousands) Debt securities: U.S. Government and government-sponsored securities $ 5,175 $ 41 $ - $ - $ 5,175 $ 41 Corporate bonds and other securities - - 5,401 598 5,401 598 U.S. Government-sponsored and guaranteed mortgage-backed securities 26,558 352 - - 26,558 352 Total temporarily impaired available-for-sale 31,733 393 5,401 598 37,134 991 Held-to-maturity: U.S. Government and government-sponsored securities 7,496 122 - - 7,496 122 State and political subdivisions 435 19 - - 435 19 U.S. Government-sponsored and guaranteed mortgage-backed securities 39,052 427 5,832 146 44,884 573 Total temporarily impaired held-to-maturity 46,983 568 5,832 146 52,815 714 Other-than-temporarily impaired debt securities (1): Non-agency mortgage-backed securities - - 1,994 298 1,994 298 Total temporarily-impaired and other- than-temporarily impaired securities $ 78,716 $ 961 $ 13,227 $ 1,042 $ 91,943 $ 2,003 Less than 12 months 12 months or more Total Fair Unrealized Fair Unrealized Fair Unrealized June 30, 2016: Value Losses Value Losses Value Losses Available-for-sale: (in thousands) Debt securities: U.S. Government and government-sponsored guaranteed securities $ 4,281 $ 12 $ - $ - $ 4,281 $ 12 Corporate bonds and other securities - - 4,975 1,024 4,975 1,024 U.S. Government-sponsored and guaranteed mortgage-backed securities 9,078 13 - - 9,078 13 Total temporarily impaired available-for-sale 13,359 25 4,975 1,024 18,334 1,049 Held-to-maturity: U.S. Government-sponsored and guaranteed mortgage-backed securities 5,236 13 8,503 45 13,739 58 Total temporarily impaired held-to-maturity 5,236 13 8,503 45 13,739 58 Other-than-temporarily impaired debt securities (1): Non-agency mortgage-backed securities - - 2,115 325 2,115 325 Total temporarily-impaired and other- than-temporarily impaired securities $ 18,595 $ 38 $ 15,593 $ 1,394 $ 34,188 $ 1,432 (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	Six months ended December 31, 2016 2015 (in thousands) Balance at beginning of period $ 15,982 $ 15,898 Additional credit losses on securities for which an other-than-temporary impairment charge was previously recorded - 39 Balance at end of period $ 15,982 $ 15,937

Loans (Tables)

Loans (Tables)	6 Months Ended
	Dec. 31, 2016
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]
Schedule of composition of loan portfolio	December 31, June 30, 2016 2016 (in thousands) Real Estate: Residential (1) $ 209,713 $ 197,359 Commercial 62,222 43,839 Residential construction 1,776 853 Commercial 12,920 9,799 Consumer and other 718 691 Total loans 287,349 252,541 Net deferred loan costs 1,261 1,106 Allowance for loan losses (2,650 ) (2,303 ) Loans, net $ 285,960 $ 251,344 (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 December 31, 2016 Real Estate Real Estate Construction Commercial and other Total (in thousands) Grade: Pass $ 205,800 $ 58,742 $ 1,776 $ 12,897 $ 715 $ 279,930 Special Mention 406 372 - - - 778 Substandard 3,507 3,108 - 23 3 6,641 Doubtful - - - - - - Loss - - - - - - Total $ 209,713 $ 62,222 $ 1,776 $ 12,920 $ 718 $ 287,349 June 30, 2016 Grade: Pass $ 193,574 $ 37,307 $ 853 $ 9,758 $ 690 $ 242,182 Special Mention 418 648 - - - 1,066 Substandard 3,367 5,821 - 41 1 9,230 Doubtful - 63 - - - 63 Loss - - - - - - Total $ 197,359 $ 43,839 $ 853 $ 9,799 $ 691 $ 252,541

Non-performing Assets, Past D27

Non-performing Assets, Past Due and Impaired Loans (Tables)	6 Months Ended
	Dec. 31, 2016
Non Performing Assets [Abstract]
Schedule of non performing assets	At December 31, At June 30, 2016 2016 (Dollars in thousands) Non-accrual loans: Real Estate: Residential $ 3,507 $ 3,367 Commercial 797 876 Commercial 13 16 Consumer 3 1 Total non-accrual loans 4,320 4,260 Accruing loans past due 90 days or more - - Total non-performing loans 4,320 4,260 Other real estate owned 1,950 1,895 Total non-performing assets $ 6,270 $ 6,155 Total non-performing loans to total loans 1.50 % 1.69 % Total non-performing assets to total assets 1.20 % 1.22 %
Schedule of the summary of past due loans	90 days 30–59 Days 60–89 Days or Greater Total At December 31, 2016 Past Due Past Due Past Due Past Due (in thousands) Real Estate: Residential $ 2,346 $ 631 $ 290 $ 3,267 Commercial 441 - - 441 Consumer and other 2 - - 2 Total $ 2,789 $ 631 $ 290 $ 3,710 At June 30, 2016 Real Estate: Residential $ 419 $ - $ 437 $ 856 Commercial - - 62 62 Consumer and other 2 - - 2 Total $ 421 $ - $ 499 $ 920
Schedule of information pertaining to impaired loans	At December 31, 2016 At June 30, 2016 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 $ 1,247 $ 1,353 $ 1,110 $ 1,156 Commercial 1,612 2,296 2,597 3,317 Commercial 13 13 16 16 Total impaired with no valuation allowance $ 2,872 $ 3,662 $ 3,723 $ 4,489 Impaired loans with a valuation allowance: Real Estate: Residential $ 711 $ 711 $ 14 $ 1,019 $ 1,079 $ 29 Total impaired with a valuation allowance $ 711 $ 711 $ 14 $ 1,019 $ 1,079 $ 29 Total impaired loans: Real Estate: Residential $ 1,958 $ 2,064 $ 14 $ 2,129 $ 2,235 $ 29 Commercial 1,612 2,296 - 2,597 3,317 - Commercial 13 13 - 16 16 - Total impaired loans $ 3,583 $ 4,373 $ 14 $ 4,742 $ 5,568 $ 29 Three months ended Three months ended December 31, 2016 December 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 $ 2,027 $ 6 $ - $ 2,217 $ 15 $ 7 Commercial 2,060 25 - 3,457 16 - Commercial 13 - - 200 1 - Total impaired loans $ 4,100 $ 31 $ - $ 5,874 $ 32 $ 7 Six months ended Six months ended December 31, 2016 December 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 $ 2,061 $ 12 $ - $ 2,282 $ 25 $ 7 Commercial 2,239 62 - 3,685 36 - Commercial 14 - - 141 4 - Total impaired loans $ 4,314 $ 74 $ - $ 6,108 $ 65 $ 7

Allowance for Loan Losses (Tabl

Allowance for Loan Losses (Tables)	6 Months Ended
	Dec. 31, 2016
Receivables [Abstract]
Schedule of analysis of the allowance for loan losses	Three months ended December 31, 2016 Residential Commercial Residential Consumer Real Estate Real Estate Construction Commercial and Other Unallocated Total (in thousands) Beginning balance $ 1,283 $ 914 $ 13 $ 70 $ 49 $ 96 $ 2,425 Charge-offs - - - - (8 ) - (8 ) Recoveries 9 - - 4 4 - 17 Provision (credit) 122 110 (2 ) 14 12 (40 ) 216 Ending Balance $ 1,414 $ 1,024 $ 11 $ 88 $ 57 $ 56 $ 2,650 Three months ended December 31, 2015 Beginning balance $ 1,051 $ 911 $ 4 $ 31 $ 29 $ 83 $ 2,109 Charge-offs (41 ) (620 ) - - (9 ) - (670 ) Recoveries 11 165 - 3 4 - 183 Provision 97 512 5 18 6 45 683 Ending Balance $ 1,118 $ 968 $ 9 $ 52 $ 30 $ 128 $ 2,305 Six months ended December 31, 2016 Allowance for loan losses: Beginning balance $ 1,171 $ 967 $ 6 $ 78 $ 20 $ 61 $ 2,303 Charge-offs (100 ) - - - (19 ) - (119 ) Recoveries 19 - - 5 6 - 30 Provision (credit) 324 57 5 5 50 (5 ) 436 Ending Balance $ 1,414 $ 1,024 $ 11 $ 88 $ 57 $ 56 $ 2,650 Six months ended December 31, 2015 Allowance for loan losses: Beginning balance $ 1,091 $ 906 $ 5 $ 41 $ 26 $ 106 $ 2,175 Charge-offs (41 ) (620 ) - - (25 ) - (686 ) Recoveries 24 165 - 6 8 - 203 Provision 44 517 4 5 21 22 613 Ending Balance $ 1,118 $ 968 $ 9 $ 52 $ 30 $ 128 $ 2,305 Residential Commercial Residential Consumer At December 31, 2016 Real Estate Real Estate Construction Commercial and Other Unallocated Total (in thousands) Amount of allowance for loan losses for impaired loans $ 14 $ - $ - $ - $ - $ - $ 14 Amount of allowance for loan losses for non-impaired loans $ 1,400 $ 1,024 $ 11 $ 88 $ 57 $ 56 $ 2,636 Impaired loans $ 1,958 $ 1,612 $ - $ 13 $ - $ - $ 3,583 Non-impaired loans $ 207,755 $ 60,610 $ 1,776 $ 12,907 $ 718 $ - $ 283,766 At June 30, 2016 Amount of allowance for loan losses for impaired loans $ 29 $ - $ - $ - $ - $ - $ 29 Amount of allowance for loan losses for non-impaired loans $ 1,142 $ 967 $ 6 $ 78 $ 20 $ 61 $ 2,274 Impaired loans $ 2,129 $ 2,597 $ - $ 16 $ - $ - $ 4,742 Non-impaired loans $ 195,230 $ 41,242 $ 853 $ 9,783 $ 691 $ - $ 247,799

Accumulated Other Comprehensi29

Accumulated Other Comprehensive Income (Loss) (Tables)	6 Months Ended
	Dec. 31, 2016
Accumulated Other Comprehensive Income (Loss), Net Of Tax [Abstract]
Schedule of accumulated other comprehensive income (loss)	December 31, June 30, 2016 2016 (in thousands) Net unrealized loss on securities available-for-sale $ (511 ) $ (213 ) Tax effect 178 70 Accumulated other comprehensive loss $ (333 ) $ (143 )

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	6 Months Ended
	Dec. 31, 2016
Fair Value Disclosures [Abstract]
Schedule of summary of assets measured at fair value on a recurring basis	At December 31, 2016 Total Fair Value Level 1 Level 2 Level 3 Securities available-for-sale: (in thousands) U.S. government and government-sponsored securities $ 5,175 $ - $ 5,175 $ - Corporate bonds and other securities 5,401 - 5,401 - U.S. Government-sponsored and guaranteed mortgage-backed securities 39,985 - 39,985 - Non-agency mortgage-backed securities 4,127 - 4,127 - Equity securities 10,000 - - 10,000 Total $ 64,688 $ - $ 54,688 $ 10,000 At June 30, 2016 Securities available-for-sale: U.S. government and government-sponsored securities $ 5,285 $ - $ 5,285 $ - Corporate bonds and other securities 4,975 - 4,975 - U.S. Government-sponsored and guaranteed mortgage-backed securities 45,724 - 45,724 - Non-agency mortgage-backed securities 4,452 - 4,452 - Equity securities 10,000 - - 10,000 Total $ 70,436 $ - $ 60,436 $ 10,000
Schedule of assets measured at fair value on a non-recurring basis and the adjustments to the carrying value	Total Losses Total Losses for the three for the six At December 31, 2016 Total Fair months ended months ended Value Level 1 Level 2 Level 3 December 31, 2016 December 31, 2016 (in thousands) Other real estate owned $ 356 $ - $ - $ 356 $ 43 $ 43 Total Losses Total Losses for the three for the six At December 31, 2015 Total Fair months ended months ended Value Level 1 Level 2 Level 3 December 31, 2015 December 31, 2015 (in thousands) Impaired loans $ 909 $ - $ - $ 909 $ 621 $ 621 Other real estate owned 111 - - 111 - 28 $ 1,020 $ - $ - $ 1,020 $ 621 $ 649
Schedule of estimated fair value of financial instruments which are held or issued for purposes other than trading	December 31, 2016 Carrying Fair Value Hierarchy Total Fair Amount Level 1 Level 2 Level 3 Value (in thousands) Financial assets: Cash and cash equivalents $ 10,327 $ 10,327 $ - $ - $ 10,327 Securities available-for-sale 64,688 - 54,688 10,000 64,688 Securities held-to-maturity 124,926 - 125,653 - 125,653 Federal Home Loan Bank stock 4,042 - - 4,042 4,042 Loans, net 285,960 - - 287,495 287,495 Accrued interest receivable 1,250 - - 1,250 1,250 Financial liabilities: Deposits 364,131 - - 365,588 365,588 Mortgagors' escrow accounts 2,674 - - 2,674 2,674 Federal Home Loan Bank advances 61,500 - 62,748 - 62,748 Securities sold under agreements to repurchase 3,731 - 3,731 - 3,731 Accrued interest payable 123 - - 123 123 June 30, 2016 Carrying Fair Value Hierarchy Total Fair Amount Level 1 Level 2 Level 3 Value (in thousands) Financial assets: Cash and cash equivalents $ 5,133 $ 5,133 $ - $ - $ 5,133 Securities available-for-sale 70,436 - 60,436 10,000 70,436 Securities held-to-maturity 144,343 - 147,217 - 147,217 Federal Home Loan Bank stock 3,819 - - 3,819 3,819 Loans, net 251,344 - - 255,346 255,346 Accrued interest receivable 1,216 - - 1,216 1,216 Financial liabilities: Deposits 356,066 - - 357,497 357,497 Mortgagors' escrow accounts 2,657 - - 2,657 2,657 Federal Home Loan Bank advances 53,900 - 56,045 - 56,045 Securities sold under agreements to repurchase 2,359 - 2,359 - 2,359 Accrued interest payable 114 - - 114 114

Commitments to Extend Credit (T

Commitments to Extend Credit (Tables)	6 Months Ended
	Dec. 31, 2016
Commitments To Extend Credit [Abstract]
Schedule of contractual amounts of outstanding commitments	December 31, June 30, 2016 2016 (in thousands) Commitments to extend credit: Loan commitments $ 12,100 $ 4,714 Unadvanced construction loans 8,251 2,590 Unadvanced lines of credit 12,987 13,396 Standby letters of credit 695 395 Outstanding commitments $ 34,033 $ 21,095

Organization (Detail Textuals)

Organization (Detail Textuals) $ / shares in Units, $ in Millions	Jan. 07, 2016USD ($)$ / sharesshares	Dec. 31, 2016	Sep. 09, 2015
Organization [Line Items]
Proceeds from common stock offering | $	$ 33.7
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			6 Months Ended
	Dec. 31, 2016	Dec. 31, 2015		Dec. 31, 2016	Dec. 31, 2015
Earnings Per Share [Abstract]
Net income	$ 684	$ 22	[1]	$ 1,107	$ 427	[1]
Weighted average common shares applicable to basic EPS	7,443,533	7,652,128		7,441,281	7,650,225
Effect of dilutive potential common shares	704	2,524		352	1,262
Weighted average common shares applicable to diluted EPS	7,444,237	7,654,652		7,441,633	7,651,487
Earnings per share:
Basic (in dollars per share)	$ 0.09		[1]	$ 0.15	$ 0.06	[1]
Diluted (in dollars per share)	$ 0.09		[1]	$ 0.15	$ 0.06	[1]
[1]	Share and per 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 exchage ratio applied in the Conversion (1.1907 to one).

Earnings Per Share (EPS) (Detai

Earnings Per Share (EPS) (Detail Textuals)	Jan. 07, 2016	Dec. 31, 2016
Earnings Per Share [Abstract]
Share exchange conversion rate	1.1907	1.1907

Investment Securities - Carryin

Investment Securities - Carrying value and estimated market values of investment securities (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Jun. 30, 2016
Available-for-sale:
Available-for-sale securities, amortized cost basis	$ 65,199	$ 70,649
Available-for-sale securities, gross unrealized gain	778	1,161
Available-for-sale securities, gross unrealized (loss)	(1,289)	(1,374)
Available-for-sale securities, fair value	64,688	70,436
Held-to-maturity:
Held-to-maturity securities, amortized cost basis	124,926	144,343
Held-to-maturity securities, gross unrealized gain	1,441	2,932
Held-to-maturity securities, gross unrealized (loss)	(714)	(58)
Held-to-maturity securities, fair value	125,653	147,217
Debt securities
Available-for-sale:
Available-for-sale securities, amortized cost basis	55,199	60,649
Available-for-sale securities, gross unrealized gain	778	1,161
Available-for-sale securities, gross unrealized (loss)	(1,289)	(1,374)
Available-for-sale securities, fair value	54,688	60,436
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		4
Available-for-sale from one through five years, gross unrealized (loss)	(4)
Available-for-sale from one through five years, fair value	996	1,004
Available-for-sale after ten years, amortized cost basis	4,216	4,293
Available-for-sale from after ten years, gross unrealized gain
Available-for-sale after ten years, gross unrealized (loss)	(37)	(12)
Available-for-sale after ten years, fair value	4,179	4,281
Available-for-sale securities, amortized cost basis	5,216	5,293
Available-for-sale securities, gross unrealized gain		4
Available-for-sale securities, gross unrealized (loss)	(41)	(12)
Available-for-sale securities, fair value	5,175	5,285
Held-to-maturity:
Held-to-maturity securities, debt maturities, next rolling twelve months, amortized cost	2,251
Held to maturity securities debt maturities next rolling twelve months gross unrealized gain
Held to maturity securities debt maturities next rolling twelve months gross unrealized losses	(1)
Held-to-maturity securities, debt maturities, next rolling twelve months, fair value	2,250
Held-to-maturity from one through five years, amortized cost basis	6,961	9,208
Held-to-maturity from one through five years, gross unrealized gain	125	292
Held-to-maturity from one through five years, gross unrealized (loss)
Held-to-maturity from one through five years, fair value	7,086	9,500
Held-to-maturity from five through ten years, amortized cost basis		5,481
Held-to-maturity from five through ten years, gross unrealized gains		86
Held-to-maturity from five through ten years, gross unrealized (loss)
Held-to-maturity from five through ten years, fair value		5,567
Held-to-maturity after ten years, amortized cost basis	5,367
Held-to-maturity after ten years gross unrealized gain
Held-to-maturity after ten years, gross unrealized (loss)	(121)
Held-to-maturity after ten years gross, fair value	5,246
Held-to-maturity securities, amortized cost basis	14,579	14,689
Held-to-maturity securities, gross unrealized gain	125	378
Held-to-maturity securities, gross unrealized (loss)	(122)
Held-to-maturity securities, fair value	14,582	15,067
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)	(598)	(1,024)
Available-for-sale after ten years, fair value	5,401	4,975
Debt securities | U.S. Government sponsored and guaranteed mortgage-backed securities
Available-for-sale:
Available-for-sale from due one year or less, amortized cost basis	34
Available-for-sale from due one year or less, gross unrealized gain	1
Available-for-sale from due one year or less, gross unrealized (losses)
Available-for-sale from due one year or less, fair value	35
Available-for-sale from one through five years, amortized cost basis	59	171
Available-for-sale from one through five years, gross unrealized gain	1	4
Available-for-sale from one through five years, gross unrealized (loss)
Available-for-sale from one through five years, fair value	60	175
Available-for-sale from five through ten years, amortized cost basis	9,304	10,454
Available-for-sale from five through ten years, gross unrealized gain	75	263
Available-for-sale from five through ten years, gross unrealized (loss)	(97)
Available-for-sale from five through ten years, fair value	9,282	10,717
Available-for-sale after ten years, amortized cost basis	30,624	34,398
Available-for-sale from after ten years, gross unrealized gain	239	447
Available-for-sale after ten years, gross unrealized (loss)	(255)	(13)
Available-for-sale after ten years, fair value	30,608	34,832
Available-for-sale securities, amortized cost basis	40,021	45,023
Available-for-sale securities, gross unrealized gain	316	714
Available-for-sale securities, gross unrealized (loss)	(352)	(13)
Available-for-sale securities, fair value	39,985	45,724
Held-to-maturity:
Held-to-maturity from one through five years, amortized cost basis	1,408	1,736
Held-to-maturity from one through five years, gross unrealized gain	51	97
Held-to-maturity from one through five years, gross unrealized (loss)
Held-to-maturity from one through five years, fair value	1,459	1,833
Held-to-maturity from five through ten years, amortized cost basis	1,696	1,314
Held-to-maturity from five through ten years, gross unrealized gains	57	61
Held-to-maturity from five through ten years, gross unrealized (loss)
Held-to-maturity from five through ten years, fair value	1,753	1,375
Held-to-maturity after ten years, amortized cost basis	106,789	126,147
Held-to-maturity after ten years gross unrealized gain	1,208	2,392
Held-to-maturity after ten years, gross unrealized (loss)	(573)	(58)
Held-to-maturity after ten years gross, fair value	107,424	128,481
Held-to-maturity securities, amortized cost basis	109,893	129,197
Held-to-maturity securities, gross unrealized gain	1,316	2,550
Held-to-maturity securities, gross unrealized (loss)	(573)	(58)
Held-to-maturity securities, fair value	110,636	131,689
Debt securities | Non-agency mortgage-backed securities
Available-for-sale:
Available-for-sale after ten years, amortized cost basis	3,963	4,334
Available-for-sale from after ten years, gross unrealized gain	462	443
Available-for-sale after ten years, gross unrealized (loss)	(298)	(325)
Available-for-sale after ten years, fair value	4,127	4,452
Debt securities | State and political subdivisions
Held-to-maturity:
Held-to-maturity from five through ten years, amortized cost basis	454	457
Held-to-maturity from five through ten years, gross unrealized gains		4
Held-to-maturity from five through ten years, gross unrealized (loss)	(19)
Held-to-maturity from five through ten years, fair value	435	461
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		Dec. 31, 2016	Jun. 30, 2016
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		$ 78,716	$ 18,595
Temporarily-impaired and other-than-temporarily impaired securities, less than 12 months, unrealized losses		961	38
Temporarily-impaired and other-than-temporarily impaired securities, 12 months or more, fair value		13,227	15,593
Temporarily-impaired and other-than-temporarily impaired securities, 12 months or more, unrealized losses		1,042	1,394
Temporarily impaired and other than temporary impaired debt securities, fair value		91,943	34,188
Temporarily impaired and other than temporary impaired debt securities, unrealized losses		2,003	1,432
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		31,733	13,359
Available-for-sale, less than 12 months, unrealized losses		393	25
Available-for-sale, 12 months or more, fair value		5,401	4,975
Available-for-sale, 12 months or more, unrealized losses		598	1,024
Available-for-sale securities, fair value		37,134	18,334
Available-for-sale securities, unrealized losses		991	1,049
Held-to-maturity securities, less than 12 months, fair value		46,983	5,236
Held-to-maturity securities, less than 12 months, unrealized losses		568	13
Held-to-maturity securities, 12 months or more, fair value		5,832	8,503
Held-to-maturity securities, 12 months or more, unrealized losses		146	45
Held-to-maturity securities, fair value		52,815	13,739
Held-to-maturity securities, unrealized losses		714	58
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		5,175	4,281
Available-for-sale, less than 12 months, unrealized losses		41	12
Available-for-sale, 12 months or more, fair value
Available-for-sale, 12 months or more, unrealized losses
Available-for-sale securities, fair value		5,175	4,281
Available-for-sale securities, unrealized losses		41	12
Held-to-maturity securities, less than 12 months, fair value		7,496
Held-to-maturity securities, less than 12 months, unrealized losses		122
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		7,496
Held-to-maturity securities, unrealized losses		122
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		5,401	4,975
Available-for-sale, 12 months or more, unrealized losses		598	1,024
Available-for-sale securities, fair value		5,401	4,975
Available-for-sale securities, unrealized losses		598	1,024
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		26,558	9,078
Available-for-sale, less than 12 months, unrealized losses		352	13
Available-for-sale, 12 months or more, fair value
Available-for-sale, 12 months or more, unrealized losses
Available-for-sale securities, fair value		26,558	9,078
Available-for-sale securities, unrealized losses		352	13
Held-to-maturity securities, less than 12 months, fair value		39,052	5,236
Held-to-maturity securities, less than 12 months, unrealized losses		427	13
Held-to-maturity securities, 12 months or more, fair value		5,832	8,503
Held-to-maturity securities, 12 months or more, unrealized losses		146	45
Held-to-maturity securities, fair value		44,884	13,739
Held-to-maturity securities, unrealized losses		573	58
Temporarily impairment | Debt securities | State and political subdivisions
Schedule Of Available-For-Sale Securities and Held-To-Maturity Securities [Line Items]
Held-to-maturity securities, less than 12 months, fair value		435
Held-to-maturity securities, less than 12 months, unrealized losses		19
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		435
Held-to-maturity securities, unrealized losses		19
Other-than-temporarily impairment | Debt securities | Non-agency mortgage-backed securities
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	[1]
Temporarily-impaired and other-than-temporarily impaired securities, less than 12 months, unrealized losses	[1]
Temporarily-impaired and other-than-temporarily impaired securities, 12 months or more, fair value	[1]	1,994	2,115
Temporarily-impaired and other-than-temporarily impaired securities, 12 months or more, unrealized losses	[1]	298	325
Temporarily impaired and other than temporary impaired debt securities, fair value	[1]	1,994	2,115
Temporarily impaired and other than temporary impaired debt securities, unrealized losses	[1]	$ 298	$ 325
[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	6 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Roll Forward]
Balance at beginning of period	$ 15,982	$ 15,898
Additional credit losses on securities for which an other-than-temporary impairment charge was previously recorded		39
Balance at end of period	$ 15,982	$ 15,937

Investment Securities (Detail T

Investment Securities (Detail Textuals)	3 Months Ended	6 Months Ended
	Dec. 31, 2015USD ($)	Dec. 31, 2016Security	Dec. 31, 2015USD ($)
Investments, Debt and Equity Securities [Abstract]
Other-than-temporary impairment charges on available-for-sale securities	$ 3,000		$ 39,000
Write-downs of securities included total other-than-temporary impairment losses	8,000		250,000
Portion of losses recognized in other comprehensive income/loss	$ 5,000		$ 211,000
Number of individual investment securities with unrealized losses | Security		66
Percentage of amortized cost basis as aggregate depreciation of investment securities		2.10%

Investment Securities (Detail39

Investment Securities (Detail Textuals 1) $ in Thousands	Dec. 31, 2016USD ($)Security	Jun. 30, 2016USD ($)
Schedule Of Available-For-Sale Securities and Held-To-Maturity Securities [Line Items]
Book value of available-for-sale securities	$ 65,199	$ 70,649
Fair value of available-for-sale securities	$ 64,688	$ 70,436
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	$ 5,400

Loans (Details)

Loans (Details) - USD ($) $ in Thousands		Dec. 31, 2016	Jun. 30, 2016
Loans and Leases Receivable Disclosure [Line Items]
Total loans		$ 287,349	$ 252,541
Net deferred loan costs		1,261	1,106
Allowance for loan losses		(2,650)	(2,303)
Loans, net		285,960	251,344
Real Estate | Residential
Loans and Leases Receivable Disclosure [Line Items]
Total loans	[1]	209,713	197,359
Real Estate | Commercial
Loans and Leases Receivable Disclosure [Line Items]
Total loans		62,222	43,839
Real Estate | Residential Construction
Loans and Leases Receivable Disclosure [Line Items]
Total loans		1,776	853
Commercial
Loans and Leases Receivable Disclosure [Line Items]
Total loans		12,920	9,799
Consumer and Other
Loans and Leases Receivable Disclosure [Line Items]
Total loans		$ 718	$ 691
[1]	Residential real estate loans include one-to four-family mortgage loans, second mortgage loans, and home equity lines of credit.

Loans (Details 1)

Loans (Details 1) - USD ($) $ in Thousands		Dec. 31, 2016	Jun. 30, 2016
Financing Receivable, Recorded Investment [Line Items]
Total loans		$ 287,349	$ 252,541
Pass
Financing Receivable, Recorded Investment [Line Items]
Total loans		279,930	242,182
Special Mention
Financing Receivable, Recorded Investment [Line Items]
Total loans		778	1,066
Substandard
Financing Receivable, Recorded Investment [Line Items]
Total loans		6,641	9,230
Doubtful
Financing Receivable, Recorded Investment [Line Items]
Total loans			63
Loss
Financing Receivable, Recorded Investment [Line Items]
Total loans
Real Estate | Residential
Financing Receivable, Recorded Investment [Line Items]
Total loans	[1]	209,713	197,359
Real Estate | Residential | Pass
Financing Receivable, Recorded Investment [Line Items]
Total loans		205,800	193,574
Real Estate | Residential | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Total loans		406	418
Real Estate | Residential | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total loans		3,507	3,367
Real Estate | Residential | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Total loans
Real Estate | Residential | Loss
Financing Receivable, Recorded Investment [Line Items]
Total loans
Real Estate | Commercial
Financing Receivable, Recorded Investment [Line Items]
Total loans		62,222	43,839
Real Estate | Commercial | Pass
Financing Receivable, Recorded Investment [Line Items]
Total loans		58,742	37,307
Real Estate | Commercial | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Total loans		372	648
Real Estate | Commercial | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total loans		3,108	5,821
Real Estate | Commercial | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Total loans			63
Real Estate | Commercial | Loss
Financing Receivable, Recorded Investment [Line Items]
Total loans
Real Estate | Residential Construction
Financing Receivable, Recorded Investment [Line Items]
Total loans		1,776	853
Real Estate | Residential Construction | Pass
Financing Receivable, Recorded Investment [Line Items]
Total loans		1,776	853
Real Estate | Residential Construction | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Total loans
Real Estate | Residential Construction | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total loans
Real Estate | Residential Construction | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Total loans
Real Estate | Residential Construction | Loss
Financing Receivable, Recorded Investment [Line Items]
Total loans
Commercial
Financing Receivable, Recorded Investment [Line Items]
Total loans		12,920	9,799
Commercial | Pass
Financing Receivable, Recorded Investment [Line Items]
Total loans		12,897	9,758
Commercial | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Total loans
Commercial | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total loans		23	41
Commercial | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Total loans
Commercial | Loss
Financing Receivable, Recorded Investment [Line Items]
Total loans
Consumer and Other
Financing Receivable, Recorded Investment [Line Items]
Total loans		718	691
Consumer and Other | Pass
Financing Receivable, Recorded Investment [Line Items]
Total loans		715	690
Consumer and Other | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Total loans
Consumer and Other | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total loans		3	1
Consumer and Other | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Total loans
Consumer and Other | Loss
Financing Receivable, Recorded Investment [Line Items]
Total loans
[1]	Residential real estate loans include one-to four-family mortgage loans, second mortgage loans, and home equity lines of credit.

Non-performing Assets, Past D42

Non-performing Assets, Past Due and Impaired Loans (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Jun. 30, 2016
Non-accrual loans:
Total non-accrual loans	$ 4,320	$ 4,260
Accruing loans past due 90 days or more
Total non-performing loans	4,320	4,260
Other real estate owned	1,950	1,895
Total non-performing assets	$ 6,270	$ 6,155
Total non-performing loans to total loans	1.50%	1.69%
Total non-performing assets to total assets	1.20%	1.22%
Real Estate | Residential
Non-accrual loans:
Total non-accrual loans	$ 3,507	$ 3,367
Real Estate | Commercial
Non-accrual loans:
Total non-accrual loans	797	876
Commercial
Non-accrual loans:
Total non-accrual loans	13	16
Consumer
Non-accrual loans:
Total non-accrual loans	$ 3	$ 1

Non-performing Assets, Past D43

Non-performing Assets, Past Due and Impaired Loans (Details 1) - USD ($) $ in Thousands	Dec. 31, 2016	Jun. 30, 2016
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	$ 3,710	$ 920
30-59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	2,789	421
60-89 DaysPast Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	631
90 days or Greater Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	290	499
Real Estate | Residential
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	3,267	856
Real Estate | Residential | 30-59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	2,346	419
Real Estate | Residential | 60-89 DaysPast Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	631
Real Estate | Residential | 90 days or Greater Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	290	437
Real Estate | Commercial
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	441	62
Real Estate | Commercial | 30-59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	441
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		62
Consumer and Other
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	2	2
Consumer and Other | 30-59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	2	2
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 D44

Non-performing Assets, Past Due and Impaired Loans (Details 2) - USD ($) $ in Thousands	Dec. 31, 2016	Jun. 30, 2016
Financing Receivable, Impaired [Line Items]
Impaired loans without valuation allowance, Recorded investment	$ 2,872	$ 3,723
Impaired loans without valuation allowance, Unpaid principal balance	3,662	4,489
Impaired loans with a valuation allowance, Recorded investment	711	1,019
Impaired loans with a valuation allowance, Unpaid principal balance	711	1,079
Impaired loans with a valuation allowance, Related allowance	14	29
Total impaired loans, Recorded investment	3,583	4,742
Total impaired loans, Unpaid principal balance	4,373	5,568
Total impaired loans, Related allowance	14	29
Real Estate | Residential
Financing Receivable, Impaired [Line Items]
Impaired loans without valuation allowance, Recorded investment	1,247	1,110
Impaired loans without valuation allowance, Unpaid principal balance	1,353	1,156
Impaired loans with a valuation allowance, Recorded investment	711	1,019
Impaired loans with a valuation allowance, Unpaid principal balance	711	1,079
Impaired loans with a valuation allowance, Related allowance	14	29
Total impaired loans, Recorded investment	1,958	2,129
Total impaired loans, Unpaid principal balance	2,064	2,235
Total impaired loans, Related allowance	14	29
Real Estate | Commercial
Financing Receivable, Impaired [Line Items]
Impaired loans without valuation allowance, Recorded investment	1,612	2,597
Impaired loans without valuation allowance, Unpaid principal balance	2,296	3,317
Impaired loans with a valuation allowance, Related allowance
Total impaired loans, Recorded investment	1,612	2,597
Total impaired loans, Unpaid principal balance	2,296	3,317
Total impaired loans, Related allowance
Commercial
Financing Receivable, Impaired [Line Items]
Impaired loans without valuation allowance, Recorded investment	13	16
Impaired loans without valuation allowance, Unpaid principal balance	13	16
Impaired loans with a valuation allowance, Related allowance
Total impaired loans, Recorded investment	13	16
Total impaired loans, Unpaid principal balance	13	16
Total impaired loans, Related allowance

Non-performing Assets, Past D45

Non-performing Assets, Past Due and Impaired Loans (Details 3) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2016	Dec. 31, 2015
Financing Receivable, Impaired [Line Items]
Average Recorded Investment	$ 4,100	$ 5,874	$ 4,314	$ 6,108
Interest Income Recognized	31	32	74	65
Interest Income Recognized on Cash Basis		7		7
Real Estate | Residential
Financing Receivable, Impaired [Line Items]
Average Recorded Investment	2,027	2,217	2,061	2,282
Interest Income Recognized	6	15	12	25
Interest Income Recognized on Cash Basis		7		7
Real Estate | Commercial
Financing Receivable, Impaired [Line Items]
Average Recorded Investment	2,060	3,457	2,239	3,685
Interest Income Recognized	25	16	62	36
Interest Income Recognized on Cash Basis
Commercial
Financing Receivable, Impaired [Line Items]
Average Recorded Investment	13	200	14	141
Interest Income Recognized		1		4
Interest Income Recognized on Cash Basis

Allowance for Loan Losses (Deta

Allowance for Loan Losses (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2016	Dec. 31, 2015
Financing Receivable, Allowance For Credit Losses [Roll Forward]
Beginning balance	$ 2,425	$ 2,109	$ 2,303	$ 2,175
Charge-offs	(8)	(670)	(119)	(686)
Recoveries	17	183	30	203
Provision (credit)	216	683	436	613
Ending Balance	2,650	2,305	2,650	2,305
Real Estate | Residential
Financing Receivable, Allowance For Credit Losses [Roll Forward]
Beginning balance	1,283	1,051	1,171	1,091
Charge-offs		(41)	(100)	(41)
Recoveries	9	11	19	24
Provision (credit)	122	97	324	44
Ending Balance	1,414	1,118	1,414	1,118
Real Estate | Commercial
Financing Receivable, Allowance For Credit Losses [Roll Forward]
Beginning balance	914	911	967	906
Charge-offs		(620)		(620)
Recoveries		165		165
Provision (credit)	110	512	57	517
Ending Balance	1,024	968	1,024	968
Real Estate | Residential Construction
Financing Receivable, Allowance For Credit Losses [Roll Forward]
Beginning balance	13	4	6	5
Charge-offs
Recoveries
Provision (credit)	(2)	5	5	4
Ending Balance	11	9	11	9
Commercial
Financing Receivable, Allowance For Credit Losses [Roll Forward]
Beginning balance	70	31	78	41
Charge-offs
Recoveries	4	3	5	6
Provision (credit)	14	18	5	5
Ending Balance	88	52	88	52
Consumer and Other
Financing Receivable, Allowance For Credit Losses [Roll Forward]
Beginning balance	49	29	20	26
Charge-offs	(8)	(9)	(19)	(25)
Recoveries	4	4	6	8
Provision (credit)	12	6	50	21
Ending Balance	57	30	57	30
Unallocated
Financing Receivable, Allowance For Credit Losses [Roll Forward]
Beginning balance	96	83	61	106
Charge-offs
Recoveries
Provision (credit)	(40)	45	(5)	22
Ending Balance	$ 56	$ 128	$ 56	$ 128

Allowance for Loan Losses (De47

Allowance for Loan Losses (Details 1) - USD ($) $ in Thousands		Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015
Financing Receivable, Allowance For Credit Losses [Line Items]
Amount of allowance for loan losses for Impaired/ Non-impaired loans		$ 2,650	$ 2,425	$ 2,303	$ 2,305	$ 2,109	$ 2,175
Impaired / Non-impaired loans		287,349		252,541
Impaired loan receivables
Financing Receivable, Allowance For Credit Losses [Line Items]
Amount of allowance for loan losses for Impaired/ Non-impaired loans		14		29
Impaired / Non-impaired loans		3,583		4,742
Non-impaired loan receivables
Financing Receivable, Allowance For Credit Losses [Line Items]
Amount of allowance for loan losses for Impaired/ Non-impaired loans		2,636		2,274
Impaired / Non-impaired loans		283,766		247,799
Real Estate | Residential
Financing Receivable, Allowance For Credit Losses [Line Items]
Amount of allowance for loan losses for Impaired/ Non-impaired loans		1,414	1,283	1,171	1,118	1,051	1,091
Impaired / Non-impaired loans	[1]	209,713		197,359
Real Estate | Residential | Impaired loan receivables
Financing Receivable, Allowance For Credit Losses [Line Items]
Amount of allowance for loan losses for Impaired/ Non-impaired loans		14		29
Impaired / Non-impaired loans		1,958		2,129
Real Estate | Residential | Non-impaired loan receivables
Financing Receivable, Allowance For Credit Losses [Line Items]
Amount of allowance for loan losses for Impaired/ Non-impaired loans		1,400		1,142
Impaired / Non-impaired loans		207,755		195,230
Real Estate | Commercial
Financing Receivable, Allowance For Credit Losses [Line Items]
Amount of allowance for loan losses for Impaired/ Non-impaired loans		1,024	914	967	968	911	906
Impaired / Non-impaired loans		62,222		43,839
Real Estate | Commercial | Impaired loan receivables
Financing Receivable, Allowance For Credit Losses [Line Items]
Amount of allowance for loan losses for Impaired/ Non-impaired loans
Impaired / Non-impaired loans		1,612		2,597
Real Estate | Commercial | Non-impaired loan receivables
Financing Receivable, Allowance For Credit Losses [Line Items]
Amount of allowance for loan losses for Impaired/ Non-impaired loans		1,024		967
Impaired / Non-impaired loans		60,610		41,242
Real Estate | Residential Construction
Financing Receivable, Allowance For Credit Losses [Line Items]
Amount of allowance for loan losses for Impaired/ Non-impaired loans		11	13	6	9	4	5
Impaired / Non-impaired loans		1,776		853
Real Estate | Residential Construction | Impaired loan receivables
Financing Receivable, Allowance For Credit Losses [Line Items]
Amount of allowance for loan losses for Impaired/ Non-impaired loans
Impaired / Non-impaired loans
Real Estate | Residential Construction | Non-impaired loan receivables
Financing Receivable, Allowance For Credit Losses [Line Items]
Amount of allowance for loan losses for Impaired/ Non-impaired loans		11		6
Impaired / Non-impaired loans		1,776		853
Commercial
Financing Receivable, Allowance For Credit Losses [Line Items]
Amount of allowance for loan losses for Impaired/ Non-impaired loans		88	70	78	52	31	41
Impaired / Non-impaired loans		12,920		9,799
Commercial | Impaired loan receivables
Financing Receivable, Allowance For Credit Losses [Line Items]
Amount of allowance for loan losses for Impaired/ Non-impaired loans
Impaired / Non-impaired loans		13		16
Commercial | Non-impaired loan receivables
Financing Receivable, Allowance For Credit Losses [Line Items]
Amount of allowance for loan losses for Impaired/ Non-impaired loans		88		78
Impaired / Non-impaired loans		12,907		9,783
Consumer and Other
Financing Receivable, Allowance For Credit Losses [Line Items]
Amount of allowance for loan losses for Impaired/ Non-impaired loans		57	49	20	30	29	26
Impaired / Non-impaired loans		718		691
Consumer and Other | Impaired loan receivables
Financing Receivable, Allowance For Credit Losses [Line Items]
Amount of allowance for loan losses for Impaired/ Non-impaired loans
Impaired / Non-impaired loans
Consumer and Other | Non-impaired loan receivables
Financing Receivable, Allowance For Credit Losses [Line Items]
Amount of allowance for loan losses for Impaired/ Non-impaired loans		57		20
Impaired / Non-impaired loans		718		691
Unallocated
Financing Receivable, Allowance For Credit Losses [Line Items]
Amount of allowance for loan losses for Impaired/ Non-impaired loans		56	$ 96	61	$ 128	$ 83	$ 106
Unallocated | Impaired loan receivables
Financing Receivable, Allowance For Credit Losses [Line Items]
Amount of allowance for loan losses for Impaired/ Non-impaired loans
Impaired / Non-impaired loans
Unallocated | Non-impaired loan receivables
Financing Receivable, Allowance For Credit Losses [Line Items]
Amount of allowance for loan losses for Impaired/ Non-impaired loans		56		61
Impaired / Non-impaired loans
[1]	Residential real estate loans include one-to four-family mortgage loans, second mortgage loans, and home equity lines of credit.

Accumulated Other Comprehensi48

Accumulated Other Comprehensive Income (Loss) - Components of accumulated other comprehensive loss and related tax effects (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Jun. 30, 2016
Accumulated Other Comprehensive Income (Loss), Net Of Tax [Abstract]
Net unrealized loss on securities available-for-sale	$ (511)	$ (213)
Tax effect	178	70
Accumulated other comprehensive loss	$ (333)	$ (143)

FAIR VALUE MEASUREMENTS - Asset

FAIR VALUE MEASUREMENTS - Assets measured at fair value on a recurring basis (Details) - Fair Value, Measurements, Recurring - USD ($) $ in Thousands	Dec. 31, 2016	Jun. 30, 2016
Total Fair Value
Available-for-sale:
Assets measured at fair value	$ 64,688	$ 70,436
U.S. government and government-sponsored securities | Total Fair Value
Available-for-sale:
Assets measured at fair value	5,175	5,285
Corporate bonds and other securities | Total Fair Value
Available-for-sale:
Assets measured at fair value	5,401	4,975
U.S. Government-sponsored and guaranteed mortgage-backed securities | Total Fair Value
Available-for-sale:
Assets measured at fair value	39,985	45,724
Non-agency mortgage-backed securities | Total Fair Value
Available-for-sale:
Assets measured at fair value	4,127	4,452
Equity securities | Total Fair Value
Available-for-sale:
Assets measured at fair value	10,000	10,000
Level 1
Available-for-sale:
Assets measured at fair value
Level 1 | U.S. government and government-sponsored securities
Available-for-sale:
Assets measured at fair value
Level 1 | Corporate bonds and other securities
Available-for-sale:
Assets measured at fair value
Level 1 | U.S. Government-sponsored and guaranteed mortgage-backed securities
Available-for-sale:
Assets measured at fair value
Level 1 | Non-agency mortgage-backed securities
Available-for-sale:
Assets measured at fair value
Level 1 | Equity securities
Available-for-sale:
Assets measured at fair value
Level 2
Available-for-sale:
Assets measured at fair value	54,688	60,436
Level 2 | U.S. government and government-sponsored securities
Available-for-sale:
Assets measured at fair value	5,175	5,285
Level 2 | Corporate bonds and other securities
Available-for-sale:
Assets measured at fair value	5,401	4,975
Level 2 | U.S. Government-sponsored and guaranteed mortgage-backed securities
Available-for-sale:
Assets measured at fair value	39,985	45,724
Level 2 | Non-agency mortgage-backed securities
Available-for-sale:
Assets measured at fair value	4,127	4,452
Level 2 | Equity securities
Available-for-sale:
Assets measured at fair value
Level 3
Available-for-sale:
Assets measured at fair value	10,000	10,000
Level 3 | U.S. government and government-sponsored securities
Available-for-sale:
Assets measured at fair value
Level 3 | Corporate bonds and other securities
Available-for-sale:
Assets measured at fair value
Level 3 | U.S. Government-sponsored and guaranteed mortgage-backed securities
Available-for-sale:
Assets measured at fair value
Level 3 | Non-agency mortgage-backed securities
Available-for-sale:
Assets measured at fair value
Level 3 | Equity securities
Available-for-sale:
Assets measured at fair value	$ 10,000	$ 10,000

FAIR VALUE MEASUREMENTS - Ass50

FAIR VALUE MEASUREMENTS - Assets measured at fair value on a non-recurring basis and the adjustments to the carrying value (Details 1) - Fair value measurements non recurring basis - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2016	Dec. 31, 2015
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Losses		$ 621		$ 649
Total Fair Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value		1,020		1,020
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value		1,020		1,020
Impaired loan
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Losses	$ 621	621
Impaired loan | Total Fair Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value		909		909
Impaired loan | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value
Impaired loan | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value
Impaired loan | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value		909		909
Other real estate owned
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Losses	43		$ 43	28
Other real estate owned | Total Fair Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value	356	111	356	111
Other real estate owned | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value
Other real estate owned | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value
Other real estate owned | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value	$ 356	$ 111	$ 356	$ 111

FAIR VALUE MEASUREMENTS - Compa

FAIR VALUE MEASUREMENTS - Company's financial instruments, all of which are held or issued for purposes other than trading (Details 2) - USD ($) $ in Thousands	Dec. 31, 2016	Jun. 30, 2016
Financial assets:
Securities available-for-sale	$ 64,688	$ 70,436
Securities held-to-maturity	125,653	147,217
Accrued interest receivable	1,250	1,216
Financial liabilities:
Mortgagors' escrow accounts	2,674	2,657
Carrying Amount
Financial assets:
Cash and cash equivalents	10,327	5,133
Securities available-for-sale	64,688	70,436
Securities held-to-maturity	124,926	144,343
Federal Home Loan Bank Stock	4,042	3,819
Loans, net	285,960	251,344
Accrued interest receivable	1,250	1,216
Financial liabilities:
Deposits	364,131	356,066
Mortgagors' escrow accounts	2,674	2,657
Federal Home Loan Bank advances	61,500	53,900
Securities sold under agreements to repurchase	3,731	2,359
Accrued interest payable	123	114
Fair Value
Financial assets:
Cash and cash equivalents	10,327	5,133
Securities available-for-sale	64,688	70,436
Securities held-to-maturity	125,653	147,217
Federal Home Loan Bank Stock	4,042	3,819
Loans, net	287,495	255,346
Accrued interest receivable	1,250	1,216
Financial liabilities:
Deposits	365,588	357,497
Mortgagors' escrow accounts	2,674	2,657
Federal Home Loan Bank advances	62,748	56,045
Securities sold under agreements to repurchase	3,731	2,359
Accrued interest payable	123	114
Fair Value Hierarchy Level 1
Financial assets:
Cash and cash equivalents	10,327	5,133
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	54,688	60,436
Securities held-to-maturity	125,653	147,217
Federal Home Loan Bank Stock
Loans, net
Accrued interest receivable
Financial liabilities:
Deposits
Mortgagors' escrow accounts
Federal Home Loan Bank advances	62,748	56,045
Securities sold under agreements to repurchase	3,731	2,359
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	4,042	3,819
Loans, net	287,495	255,346
Accrued interest receivable	1,250	1,216
Financial liabilities:
Deposits	365,588	357,497
Mortgagors' escrow accounts	2,674	2,657
Federal Home Loan Bank advances
Securities sold under agreements to repurchase
Accrued interest payable	$ 123	$ 114

Subsequent Events (Detail Textu

Subsequent Events (Detail Textuals) - $ / shares	Jan. 04, 2017	Jan. 18, 2017	Dec. 31, 2016	Dec. 31, 2015
Subsequent Event [Line Items]
Cash dividend (in dollars per share)			$ 0.06	$ 0.07
Subsequent event
Subsequent Event [Line Items]
Dividends payable declared date	Jan. 4, 2017
Cash dividend (in dollars per share)	$ 0.03
Dividends payable record date	Jan. 18, 2017
Dividends payable date	Feb. 1, 2017
Repurchase of common stock shares under stock repurchase program (in shares)		394,020
Percentage of outstanding shares		5.00%

Commitments to Extend Credit -

Commitments to Extend Credit - Contractual amounts of outstanding commitments (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Jun. 30, 2016
Commitments to extend credit:
Outstanding commitments	$ 34,033	$ 21,095
Loan commitments
Commitments to extend credit:
Outstanding commitments	12,100	4,714
Unadvanced construction loans
Commitments to extend credit:
Outstanding commitments	8,251	2,590
Unadvanced lines of credit
Commitments to extend credit:
Outstanding commitments	12,987	13,396
Standby letters of credit
Commitments to extend credit:
Outstanding commitments	$ 695	$ 395