California First Leasing (CFNB) 10-Q 29 Jan 16 2016 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Dec. 31, 2015	Jan. 20, 2016
Document and Entity Information [Abstract]
Entity Registrant Name	CALIFORNIA FIRST NATIONAL BANCORP
Trading Symbol	cfnb
Document Type	10-Q
Current Fiscal Year End Date	--06-30
Entity Common Stock, Shares Outstanding		10,459,924
Amendment Flag	false
Entity Central Index Key	803,016
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Filer Category	Smaller Reporting Company
Entity Well-known Seasoned Issuer	No
Document Period End Date	Dec. 31, 2015
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q2

Consolidated Balance Sheets (Cu

Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands	Dec. 31, 2015	Jun. 30, 2015
ASSETS
Cash and due from banks	$ 66,248	$ 60,240
Investments	3,612	3,334
Securities available-for-sale	96,533	81,212
Receivables	1,388	1,174
Property acquired for transactions in process	35,370	31,340
Leases and loans:
Net investment in leases	280,293	301,733
Commercial loans	330,648	246,509
Allowance for credit losses	(6,503)	(6,456)
Net investment in leases and loans	604,438	541,786
Net property on operating leases	3,502	773
Income taxes receivable	159	231
Other assets	833	791
Discounted lease rentals assigned to lenders	7,313	10,193
	819,396	731,074
Liabilities:
Demand and savings deposits	84,847	70,447
Time certificates of deposit	467,985	401,459
Short-term borrowings	57,000	42,000
Accounts payable	2,114	2,635
Accrued liabilities	2,604	2,278
Lease deposits	1,567	1,900
Non-recourse debt	7,313	10,193
Deferred income taxes, net	9,346	11,944
	$ 632,776	$ 542,856
Commitments and contingencies
Stockholders' equity:
Preferred stock; 2,500,000 shares authorized; none issued
Common stock; $.01 par value; 20,000,000 shares authorized; 10,459,924 (December 2015) and 10,459,924 (June 2015) issued and outstanding	$ 105	$ 105
Additional paid in capital	3,379	3,376
Retained earnings	183,186	184,506
Accumulated other comprehensive (loss)/income, net of tax	(50)	231
	186,620	188,218
	$ 819,396	$ 731,074

Consolidated Balance Sheets (C3

Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - $ / shares	Dec. 31, 2015	Jun. 30, 2015
Preferred stock, shares authorized	2,500,000	2,500,000
Preferred stock, shares issued	0	0
Common stock, par value (in Dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized	20,000,000	20,000,000
Common stock, shares issued	10,459,924	10,459,924
Common stock, shares outstanding	10,459,924	10,459,924

Consolidated Statements of Earn

Consolidated Statements of Earnings (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2015	Dec. 31, 2014
Finance and loan income	$ 6,055	$ 5,370	$ 11,831	$ 10,315
Investment interest income	515	344	988	656
Total interest income	6,570	5,714	12,819	10,971
Interest expense
Deposits	1,395	900	2,651	1,753
Borrowings	44	11	80	16
Net interest income	5,131	4,803	10,088	9,202
Provision for credit losses	575	400	1,075	675
Net interest income after provision for credit losses	4,556	4,403	9,013	8,527
Non-interest income
Operating and sales-type lease income	110	66	254	200
Gain on sale of leases and leased property	525	1,342	1,212	3,702
Gain on sale of investment securities		438	23	438
Other than temporary impairment loss				(91)
Other income, net	73	2,819	115	2,963
Total non-interest income	708	4,665	1,604	7,212
Non-interest expenses
Compensation and employee benefits	1,942	2,426	3,683	4,351
Occupancy	169	158	338	317
Professional services	195	157	378	305
Other	407	544	844	984
Total non-interest expenses	2,713	3,285	5,243	5,957
Earnings before income taxes	2,551	5,783	5,374	9,782
Income taxes	993	2,226	2,091	3,766
Net earnings	$ 1,558	$ 3,557	$ 3,283	$ 6,016
Basic earnings per common share (in Dollars per share)	$ 0.15	$ 0.34	$ 0.31	$ 0.58
Diluted earnings per common share (in Dollars per share)	0.15	0.34	0.31	0.58
Dividends paid per common share outstanding (in Dollars per share)	$ 0.44	$ 0.42	$ 0.44	$ 0.42
Weighted average common shares outstanding (in Shares)	10,460	10,460	10,460	10,460
Diluted common shares outstanding (in Shares)	10,460	10,460	10,460	10,460

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2015	Dec. 31, 2014
Net earnings	$ 1,558	$ 3,557	$ 3,283	$ 6,016
Other comprehensive income (loss):
Unrealized (losses)/gains on securities available-for-sale	(1,088)	344	(437)	19
Other than temporary impairment loss on securities available-for-sale				91
Reclassification adjustment of realized gain included in net income on securities available-for-sale		(438)	(23)	(438)
Tax effect	423	36	179	126
Total other comprehensive (loss)	(665)	(58)	(281)	(202)
Total comprehensive income	$ 893	$ 3,499	$ 3,002	$ 5,814

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Earnings	$ 3,283,000	$ 6,016,000
Adjustments to reconcile net earnings to cash flows provided by (used for) operating activities:
Provision for credit losses	1,075,000	675,000
Depreciation and net amortization (accretion)	(71,000)	(136,000)
Gain on sale of leased property and sales-type lease income	(128,000)	(2,173,000)
Net gain recognized on investment securities	(23,000)	(438,000)
Impairment loss on investment securities		91,000
Deferred income taxes, including income taxes payable	(2,422,000)	(1,828,000)
Decrease in income taxes receivable	72,000	1,337,000
Net increase (decrease) accounts payable and accrued liabilities	326,000	(57,000)
Other, net	(566,000)	(629,000)
Net cash provided by operating activities	1,546,000	2,858,000
CASH FLOWS FROM INVESTING ACTIVITIES:
Investment in leases, loans and transactions in process	(201,648,000)	(177,733,000)
Payments received on lease receivables and loans	117,062,000	108,828,000
Proceeds from sales of leased property and sales-type leases	1,812,000	3,563,000
Proceeds from sales and assignments of leases	12,123,000	37,338,000
Purchase of investment securities	(22,451,000)	(34,507,000)
Pay down on investment securities	1,561,000	6,093,000
Proceeds from sale of investment securities	4,769,000	808,000
Net increase in other assets	(89,000)	(56,000)
Net cash used for investing activities	(86,861,000)	(55,666,000)
CASH FLOWS FROM FINANCING ACTIVITIES:
Net increase in time certificates of deposit	66,526,000	35,904,000
Net increase in demand and savings deposits	14,400,000	11,233,000
Net increase in short-term borrowings	15,000,000	20,000,000
Dividends to stockholders	(4,603,000)	(4,393,000)
Net cash provided by financing activities	91,323,000	62,744,000
NET CHANGE IN CASH AND CASH EQUIVALENTS	6,008,000	9,936,000
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	60,240,000	40,122,000
CASH AND CASH EQUIVALENTS AT END OF PERIOD	66,248,000	50,058,000
SUPPLEMENTAL SCHEDULE OF NONCASH INVESTING AND FINANCING ACTIVITIES
(Decrease) increase in lease rentals assigned to lenders and related non-recourse debt	(2,880,000)	4,232,000
Estimated residual values recorded on leases	(317,000)	(1,001,000)
Net cash paid during the six month period for:
Interest	2,674,000	1,732,000
Income Taxes	$ 4,441,000	$ 4,257,000

Consolidated Statement of Stock

Consolidated Statement of Stockholders' Equity (Unaudited) - USD ($) $ in Thousands	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]	Total
Balance at Jun. 30, 2014	$ 105	$ 3,372	$ 179,844	$ 424	$ 183,745
Balance (in Shares) at Jun. 30, 2014	10,459,924
Six months ended December 31, 2015
Net earnings			6,016		6,016
Other comprehensive income (loss)				(202)	(202)
Stock based compensation expense		2			2
Dividends declared			(4,393)		(4,393)
Balance at Dec. 31, 2014	$ 105	3,374	181,467	222	185,168
Balance (in Shares) at Dec. 31, 2014	10,459,924
Balance at Jun. 30, 2015	$ 105	3,376	184,506	231	188,218
Balance (in Shares) at Jun. 30, 2015	10,459,924
Six months ended December 31, 2015
Net earnings			3,283		3,283
Other comprehensive income (loss)				(281)	(281)
Stock based compensation expense		3			3
Dividends declared			(4,603)		(4,603)
Balance at Dec. 31, 2015	$ 105	$ 3,379	$ 183,186	$ (50)	$ 186,620
Balance (in Shares) at Dec. 31, 2015	10,459,924

Note 1 - Basis of Presentation

Note 1 - Basis of Presentation	6 Months Ended
	Dec. 31, 2015
Disclosure Text Block [Abstract]
Business Description and Basis of Presentation [Text Block]	NOTE 1- BASIS OF PRESENTATION The accompanying unaudited consolidated financial statements of California First National Bancorp (the “Company”) and its subsidiaries California First National Bank (“CalFirst Bank” or the “Bank”) and California First Leasing Corporation (“CalFirst Leasing”) have been prepared in accordance with generally accepted accounting principles for interim financial information and pursuant to the rules and regulations of the Securities and Exchange Commission. Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. The financial statements should be read in conjunction with the financial statements and notes thereto included in the Annual Report on Form 10-K for the year ended June 30, 2015. The material under the heading “Management’s Discussion and Analysis of Financial Condition and Results of Operations” is written with the presumption that the readers have read or have access to the 2015 Annual Report on Form 10-K, which contains Management’s Discussion and Analysis of Financial Condition and Results of Operations as of June 30, 2015 and for the year then ended. In the opinion of management, the unaudited consolidated financial statements contain all adjustments, consisting only of normal recurring adjustments, necessary for a fair statement of the consolidated balance sheet as of December 31, 2015 and the statements of earnings, comprehensive income, cash flows and stockholders’ equity for the periods presented. The results of operations for the three and six month periods ended December 31, 2015 are not necessarily indicative of the results of operations to be expected for the entire fiscal year ending June 30, 2016. Certain reclassifications have been made to the fiscal 2015 financial statements to conform with the presentation of the second quarter of fiscal 2016 financial statements.

Note 2 - Recent Accounting Pron

Note 2 - Recent Accounting Pronouncements	6 Months Ended
	Dec. 31, 2015
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
New Accounting Pronouncements and Changes in Accounting Principles [Text Block]	NOTE 2 – RECENT ACCOUNTING PRONOUNCEMENTS In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2014-09, “Revenue from Contracts with Customers (Topic 606).” The ASU is a converged standard between the FASB and the International Accounting Standards Board that provides a single comprehensive revenue recognition model for all contracts with customers across transactions and industries. The new accounting guidance clarifies the principles for recognizing revenue from contracts with customers. The new accounting guidance, which does not apply to financial instruments, is effective for interim and annual reporting periods beginning after December 15, 2016. The Company does not expect the new guidance to have a material impact on its consolidated financial position or results of operations.

Note 3 - Stock-Based Compensati

Note 3 - Stock-Based Compensation	6 Months Ended
	Dec. 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	NOTE 3 – STOCK-BASED COMPENSATION At December 31, 2015, the Company has one stock option plan, which is more fully described in Note 14 in the Company’s 2015 Annual Report on Form 10-K. Pursuant to ASC Topic 718, “Compensation – Stock Compensation” (“ASC 718”), compensation expense is recognized over the requisite service period using the fair-value based method for all new awards calculated at the grant date. During the quarter and six months ended December 31, 2015, the Company recognized pre-tax stock-based compensation expense of $1,100 and $2,200, respectively. Such expense related to options granted during fiscal 2013. The Company has not awarded any new grants in fiscal 2016 and has calculated the stock-based compensation expense based upon the original grant date fair value as allowed under ASC 718. The valuation variables utilized at the grant dates are discussed in the Company’s 2013 Annual Report on Form 10-K, the year of the original grant. As of December 31, 2015, approximately $7,000 of total unrecognized compensation expense related to unvested shares is expected to be recognized over the next 19 months. Stock option activity for the periods indicated is summarized in the following table: For the six months ended December 31, 2015 December 31, 2014 Shares Weighted Average Exercise Price Shares Weighted Average Exercise Price Options outstanding at beginning of period 10,000 $ 16.00 10,000 $ 16.00 Exercised - - - - Granted - - - - Options outstanding at end of period 10,000 $ 16.00 10,000 $ 16.00 Options exercisable at end of period 6,000 4,000 Stock options outstanding and exercisable are summarized below: As of December 31, 2015 Options Outstanding Options Exercisable Range of Exercise prices Number Outstanding Weighted Average Remaining Contractual Life (in years) Weighted Average Exercise Price Number Exercisable Weighted Average Exercise Price $ 16.00 - 16.00 10,000 6.58 $ 16.00 6,000 $ 16.00

Note 4 - Fair Value Measurement

Note 4 - Fair Value Measurement	6 Months Ended
	Dec. 31, 2015
Disclosure Text Block [Abstract]
Fair Value, Measurement Inputs, Disclosure [Text Block]	NOTE 4 – FAIR VALUE MEASUREMENT ASC Topic 820: “Fair Value Measurements and Disclosures” defines fair value as the price that would be received for an asset or paid to transfer a liability in an orderly transaction between market participants in the principal or most advantageous market for the asset or liability. ASC Topic 820 establishes a three-tiered value hierarchy that prioritizes inputs based on the extent to which inputs used are observable in the market and requires the Company to maximize the use of observable inputs and minimize the use of unobservable inputs. If a value is based on inputs that fall in different levels of the hierarchy, the instrument will be categorized based upon the lowest level of input that is significant to the fair value calculation. The three levels of inputs are defined as follows: Level 1 - Valuation is based upon unadjusted quoted prices for identical instruments traded in active markets; Level 2 - Valuation is based upon quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active and model-based valuation techniques for which all significant assumptions are observable in the market; Level 3 - Valuation is generated from model-based techniques that use inputs not observable in the market and based on the entity’s own judgment. Level 3 valuation techniques could include the use of option pricing models, discounted cash flow models and similar techniques, and rely on assumptions that market participants would use in pricing the asset or liability. ASC 820 applies whenever other accounting pronouncements require presentation of fair value measurements, but does not change existing guidance as to whether or not an instrument is carried at fair value. As such, ASC 820 does not apply to the Company’s investment in leases. The Company’s financial assets measured at fair value on a recurring basis include primarily securities available-for-sale and at December 31, 2015, there were no liabilities subject to ASC 820. Securities available-for-sale include U.S. Treasury Notes, corporate bonds, municipal bonds, U.S. government agency (“Agency”) mortgaged-backed securities (“MBS”), mutual fund and equity investments and generally are reported at fair value utilizing Level 1 and Level 2 inputs. The fair value of corporate and municipal bonds and the MBS are obtained from independent quotation bureaus that use computerized valuation formulas to calculate current values based on observable transactions, but not a quoted bid, or are valued using prices obtained from the custodian, who uses third party data service providers (Level 2 input). U.S. Treasury Notes, mutual funds and equity investments are valued by reference to the market closing or last trade price (Level 1 inputs). In the unlikely event that no trade occurred on the applicable date, an indicative bid or the last trade most proximate to the applicable date would be used (Level 2 input). The Company’s assets, which are measured at fair value on a recurring basis as of December 31, 2015 and June 30, 2015 are summarized as follows: Description of Assets / Liabilities Total Fair Value Quoted Price in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) (in thousands) As of December 31, 2015 U.S. Treasury Notes $ 47,563 $ 47,563 $ - $ - Corporate debt securities 13,230 - 13,230 - Agency MBS 34,227 - 34,227 - Securities of state and political subdivisions 206 - 206 - Mutual fund investment 1,307 1,307 - - $ 96,533 $ 48,870 $ 47,663 $ - As of June 30, 2015 U.S. Treasury Notes $ 47,770 $ 47,770 $ - $ - Corporate debt securities 13,152 - 13,152 - Agency MBS 18,669 - 18,669 - Securities of state and political subdivisions 412 - 412 - Mutual fund investment 1,209 1,209 - - $ 81,212 $ 48,979 $ 32,233 $ - Certain financial instruments, such as collateral dependent impaired loans, but not impaired leases, are measured at fair value on a nonrecurring basis; that is, the instruments are not measured at fair value on an ongoing basis but are subject to fair value adjustments only in certain circumstances, usually if there is evidence of impairment. The Company had no such assets or liabilities at December 31, 2015 and June 30, 2015.

Note 5 - Fair Value of Financia

Note 5 - Fair Value of Financial Instruments	6 Months Ended
	Dec. 31, 2015
Fair Value Disclosures [Abstract]
Fair Value Disclosures [Text Block]	NOTE 5 – fair value of Financial Instruments In accordance with ASC 825-50, the following table summarizes the estimated fair value of financial instruments as of December 31, 2015, and June 30, 2015, and includes financial instruments that are not accounted for or carried at fair value. In accordance with disclosure guidance, certain financial instruments, including all lease related assets and liabilities and all non-financial instruments are excluded from fair value of financial instrument disclosure requirements. Accordingly, the aggregate of the fair values presented does not represent the total underlying value of the Company. These fair value estimates are based on relevant market information and data, however, given there is no active market or observable market transactions for certain financial instruments, the Company has made estimates of fair values which are subjective in nature, involve uncertainties and matters of significant judgment and therefore cannot be determined with precision. Changes in assumptions could significantly affect the estimated values. For cash and cash equivalents and demand and savings deposits, because of their short-term nature, the carrying amounts approximate the fair value and are classified as Level 1 in the fair value hierarchy. Values for investments and available-for-sale securities are determined as set forth in Note 4, 6 and 7. The fair values of loan participations that trade regularly in the secondary market are based upon current bid prices in such market at the measurement date and are classified as Level 2 in the fair value hierarchy. For other loans, the estimated fair value is calculated based on discounted cash flow analyses, using interest rates currently being offered for loans with similar terms to borrowers of similar credit quality and are classified as Level 3 in the fair value hierarchy. These calculations have been adjusted for credit risk based on the Company’s historical credit loss experience. The fair value of certificates of deposit and short-term borrowings are estimated based on discounted cash flows using current offered market rates or interest rates for borrowings of similar maturity and are classified as Level 3 in the fair value hierarchy. The estimated fair values of financial instruments were as follows: December 31, 2015 June 30, 2015 Carrying Estimated Carrying Estimated (in thousands) Financial Assets: Cash and cash equivalents $ 66,248 $ 66,248 $ 60,240 $ 60,240 Investments 3,612 3,625 3,334 3,349 Securities available-for-sale 96,533 96,533 81,212 81,212 Commercial loan participations 316,554 313,187 227,238 226,627 Other loans 10,272 10,282 16,224 16,381 Financial Liabilities: Demand and savings deposits 84,847 84,847 70,447 70,447 Time certificate of deposits 467,985 467,673 401,459 401,211 Short-term borrowings $ 57,000 $ 56,992 $ 42,000 $ 42,004

Note 6 - Investments

Note 6 - Investments	6 Months Ended
	Dec. 31, 2015
Investments Schedule [Abstract]
Investment [Text Block]	NOTE 6 – INVESTMENTS: Investments are carried at cost and consist of the following: December 31, 2015 June 30, 2015 Carrying Cost Fair Value Carrying Cost Fair Value (in thousands) Federal Reserve Bank Stock $ 1,955 $ 1,955 $ 1,955 $ 1,955 Federal Home Loan Bank Stock 1,539 1,539 1,260 1,260 Mortgage-backed investment 118 131 119 134 $ 3,612 $ 3,625 $ 3,334 $ 3,349 The investment in Federal Home Loan Bank of San Francisco (“FHLB”) stock is a required investment related to CalFirst Bank’s borrowing relationship with the FHLB. The FHLB obtains its funding primarily through issuance of consolidated obligations of the Federal Home Loan Bank system. The U.S. Government does not guarantee these obligations, and each of the twelve FHLB’s are generally jointly and severally liable for repayment of each other’s debt. Therefore, the Company’s investment could be adversely impacted by the financial operations of the FHLB and actions by the Federal Housing Finance Agency. These investments have no stated maturity. CalFirst Bank is required to hold Federal Reserve Bank stock equal to 6% of its capital surplus, which is defined as additional paid-in capital stock, less any gains (losses) on available for sale securities as of the current period end. The mortgage-backed investment consists of one U.S. agency issued security. The Company has determined that it has the ability to hold this investment until maturity and, given the Company’s intent to do so, anticipates that it will realize the full carrying value of its investment and carries the security at amortized cost.

Note 7 - Securities Available f

Note 7 - Securities Available for Sale	6 Months Ended
	Dec. 31, 2015
Investments, Debt and Equity Securities [Abstract]
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block]	NOTE 7 – SECURITIES AVAILABLE FOR SALE The amortized cost and fair value of securities available for sale at December 31, 2015 were as follows: (in thousands) Amortized Gross Unrealized Fair Cost Gains Losses Value U.S. Treasury Notes $ 47,321 $ 242 $ - $ 47,563 Corporate debt securities 13,364 - (134 ) 13,230 Agency MBS 34,510 33 (316 ) 34,227 Securities of state and political subdivisions 205 1 - 206 Mutual fund investment 1,215 92 - 1,307 Total securities available-for-sale $ 96,615 $ 368 $ (450 ) $ 96,533 The amortized cost and fair value of securities available for sale at June 30, 2015 were as follows: (in thousands) Amortized Gross Unrealized Fair Cost Gains Losses Value U.S. Treasury Notes $ 47,286 $ 484 $ - $ 47,770 Corporate debt securities 13,165 18 (31 ) 13,152 Agency MBS 18,765 53 (149 ) 18,669 Securities of state and political subdivisions 406 6 - 412 Mutual fund investment 1,215 - (6 ) 1,209 Total securities available-for-sale $ 80,837 $ 561 $ (186 ) $ 81,212 The available-for-sale securities amortized cost and estimated fair value at December 31, 2015, by contractual maturity, are shown below. Expected maturities may differ from contractual maturities because issuers may have the right to call or prepay obligations with or without call or prepayment penalties. Amortized Cost Fair Value (in thousands) Due in one year or less $ 205 $ 206 Due after one year but less than 5 years 60,685 60,793 Due after five years 34,510 34,227 No stated maturity 1,215 1,307 Total securities available-for-sale $ 96,615 $ 96,533 For the six months ended December 31, 2015, the Company realized a gain of $23,000 from an early call of a corporate debt security for proceeds of $4.8 million. During the six months ended December 31, 2014, the Company realized a gain of $438,000 from the sale of one equity investment for proceeds of $808,000. The net gain is recognized using the specific identification method and is included in non-interest income. The following table presents the fair value and associated gross unrealized loss on available-for-sale securities with a gross unrealized loss at December 31, 2015 and June 30, 2015. Less than 12 Months 12 Months or More Total Unrealized Loss Estimated Fair Value Unrealized Loss Estimated Fair Value Unrealized Loss Estimated Fair Value (in thousands) At December 31, 2015 Corporate debt securities $ (134 ) $ 13,230 $ - $ - $ (134 ) $ 13,230 Agency MBS (316 ) 29,999 - - (316 ) 29,999 Total $ (450 ) $ 43,229 $ - $ - $ (450 ) $ 43,229 At June 30, 2015 Corporate debt securities $ (31 ) $ 8,388 $ - $ - $ (31 ) $ 8,388 Agency MBS (149 ) 14,170 - - (149 ) 14,170 Mutual fund investments (6 ) 1,209 - - (6 ) 1,209 Total $ (186 ) $ 23,767 $ - $ - $ (186 ) $ 23,767 The Company conducts a regular assessment of its investment portfolios to determine whether any securities are other-than-temporarily impaired. In estimating other-than-temporary impairment losses, management considers, among other factors, length of time and extent to which the fair value has been less than cost, the financial condition and near term prospects of the issuer, and the intent and ability of the Company to retain its investment in the issuer for a period of time sufficient to allow for any anticipated recovery. The $450,000 unrealized losses at December 31, 2015 are related to fluctuations in interest rates during the period, and not credit quality. The Company has the intent to hold these securities and more likely than not, will not need to sell them, the Company does not consider these investments to be other-than-temporarily impaired at December 31, 2015. In September 2014, the Company recorded a pre-tax impairment charge of $91,000 related to the mutual fund investment. While the Company had the ability and intent to retain this investment, given that the fund lowered its dividend by 11% in May 2014 and had traded below its recorded cost for over twelve months, the Company determined that an other than temporary impairment had occurred. At December 31, 2015 and at June 30, 2015, U.S. Treasury notes and Agency MBS with an amortized cost of $81.8 million and $66.1 million, respectively, were pledged to secure borrowings from the FHLB (see Note 11).

Note 8 - Net Investment in Leas

Note 8 - Net Investment in Leases	6 Months Ended
	Dec. 31, 2015
Leases [Abstract]
Leases of Lessor Disclosure [Text Block]	NOTE 8 – NET INVESTMENT IN LEASES Net investment in leases consists of the following: December 31, June 30, (in thousands) Minimum lease payments receivable $ 289,061 $ 310,960 Estimated residual value 12,533 13,819 Less unearned income (21,301 ) (23,046 ) Net investment in leases before allowances 280,293 301,733 Less allowance for lease losses (2,611 ) (3,339 ) Less valuation allowance for estimated residual value (70 ) (70 ) Net investment in leases $ 277,612 $ 298,324 The minimum lease payments receivable and estimated residual value are discounted using the internal rate of return method related to each specific capital lease. Unearned income includes the offset of initial direct costs of $2.4 million at December 31, 2015 and June 30, 2015.

Note 9 - Commercial Loans

Note 9 - Commercial Loans	6 Months Ended
	Dec. 31, 2015
Commercial Loan [Member]
Note 9 - Commercial Loans [Line Items]
Financing Receivables [Text Block]	NOTE 9 – COMMERCIAL LOANS Commercial loans consist of the following: December 31, June 30, (in thousands) Commercial term loans $ 328,528 $ 238,973 Commercial real estate loans 2,129 7,531 Revolving lines of credit 655 585 Total commercial loans 331,312 247,089 Less unearned income and discounts (664 ) (580 ) Less allowance for loan losses (3,822 ) (3,047 ) Net commercial loans $ 326,826 $ 243,462 Commercial loans are reported at their outstanding unpaid principal balances reduced by the allowance for loan losses and net of any deferred fees or costs on originated loans, or unamortized premiums or discounts on purchased loans. Interest income is accrued on the unpaid principal balance. Loan origination fees and certain direct origination costs are capitalized and recognized as an adjustment of the yield of the related commercial loan. In addition to the amount outstanding on revolving lines of credit set forth above, the Company had additional unused commitments on revolving lines of credit in the amount of $3.3 million at December 31, 2015 and $7.4 million at June 30, 2015. The Company has a recorded liability for unfunded loan commitments of $50,000 at December 31, 2015 and at June 30, 2015 related to such commitments.

Note 10 - Credit Quality of Fin

Note 10 - Credit Quality of Financing Receivables and Allowance for Credit Losses	6 Months Ended
	Dec. 31, 2015
Credit Quanlity Of Financing Receivables [Abstract]
Credit Quanlity Of Financing Receivables [Text Block]	NOTE 10 – CREDIT QUALITY OF FINANCING RECEIVABLES AND ALLOWANCE FOR CREDIT LOSSES The following tables provide information on the credit profile of the components of the portfolio and allowance for credit losses related to “financing receivables” as defined under ASC Topic 310, Receivables. This disclosure on “financing receivables” covers the Company’s direct finance and sales-type leases and all commercial loans, but does not include operating leases and transactions in process. The portfolio is disaggregated into segments and classifications appropriate for assessing and monitoring the portfolios’ risk and performance. This disclosure does not encompass all risk assets or the entire allowance for credit losses. Portfolio segments identified by the Company include leases and loans. These segments have been disaggregated into four classes: 1) commercial leases, 2) education, government and non-profit leases, 3) commercial and industrial loans and 4) commercial real estate loans. Relevant risk characteristics for establishing these portfolio classes generally include the nature of the borrower, structure of the transaction and collateral type. The Company’s credit process includes a policy of classifying all leases and loans in accordance with a risk rating classification system consistent with regulatory models under which leases and loans may be rated as “pass”, “special mention”, “substandard”, or “doubtful”. These risk categories reflect an assessment of the ability of the borrowers to service their obligation based on current financial position, historical payment experience, and collateral adequacy, among other factors. The Company uses the following definitions for risk ratings: Pass – Includes credits of the highest quality as well as credits with positive primary repayment source but one or more characteristics that are of higher than average risk. Special Mention – Have a potential weakness that if left uncorrected may result in deterioration of the repayment prospects for the lease or loan or of the Company’s credit position at some future date. Substandard – Are inadequately protected by the paying capacity of the obligor or of the collateral, if any. Substandard credits have a well-defined weakness that jeopardize the liquidation of the debt or indicate the distinct possibility that the Company will sustain some loss if the deficiencies are not corrected. Doubtful – Based on current information and events, collection of all amounts due according to the contractual terms of the lease or loan agreement is considered highly questionable and improbable. The risk classification of financing receivables by portfolio class is as follows: (dollars in thousands) Commercial Leases Education Government Non-profit Leases Commercial & Industrial Loans Commercial Real Estate Loans Total Financing Receivable As of December 31, 2015: Pass $ 204,516 $ 64,354 $ 323,639 $ 2,124 $ 594,633 Special Mention 9,224 468 4,885 - 14,577 Substandard 1,713 - - - 1,713 Doubtful 14 4 - - 18 $ 215,467 $ 64,826 $ 328,524 $ 2,124 $ 610,941 Non-accrual $ 1,729 $ 4 $ - $ - $ 1,733 As of June 30, 2015: Pass $ 219,814 $ 69,865 $ 234,076 $ 7,523 $ 531,278 Special Mention 6,080 304 4,910 - 11,294 Substandard 5,435 217 - - 5,652 Doubtful 14 4 - - 18 $ 231,343 $ 70,390 $ 238,986 $ 7,523 $ 548,242 Non-accrual $ 37 $ 4 $ - $ - $ 41 The accrual of interest income on leases and loans will be discontinued when the customer becomes ninety days or more past due on its lease or loan payments with the Company, unless the Company believes the investment is otherwise recoverable. Leases and loans may be placed on non-accrual earlier if the Company has significant doubt about the ability of the customer to meet its lease or loan obligations, as evidenced by consistent delinquency, deterioration in the customer’s financial condition or other relevant factors. Payments received while on non-accrual are applied to reduce the Company’s recorded value. The aging of financing receivables by portfolio class is as follows: (dollars in thousands) 31-89 Days Greater Than 90 Days Total Past Due Current Total Financing Receivable Over 90 Days & Accruing As of December 31, 2015: Commercial Leases $ - $ 1,729 $ 1,729 $ 213,738 $ 215,467 $ - Education, Government, Non-profit Leases - 4 4 64,822 64,826 - Commercial and Industrial Loans - - - 328,524 328,524 - Commercial Real Estate Loans - - - 2,124 2,124 - $ - $ 1,733 $ 1,733 $ 609,208 $ 610,941 $ - As of June 30, 2015: Commercial Leases $ 2,733 $ 37 $ 2,770 $ 228,573 $ 231,343 $ - Education, Government, Non-profit Leases 8 4 12 70,378 70,390 - Commercial and Industrial Loans - - - 238,986 238,986 - Commercial Real Estate Loans - - - 7,523 7,523 - $ 2,741 $ 41 $ 2,782 $ 545,460 $ 548,242 $ - The allowance balances and activity in the allowance related to financing receivables, by portfolio segment for the three and six months ended December 31, 2015 and 2014 are presented in the following table: (dollars in thousands) Commercial Leases Education Government Non-profit Leases Commercial & Industrial Loans Commercial Real Estate Loans Total Financing Receivable For the three months ended December 31, 2015: Balance beginning of period $ 2,791 $ 817 $ 3,236 $ 111 $ 6,955 Charge-offs (1,028 ) - - - (1,028 ) Recoveries 1 - - - 1 Provision 500 (400 ) 525 (50 ) 575 Balance end of period $ 2,264 $ 417 $ 3,761 $ 61 $ 6,503 For the three months ended December 31, 2014: Balance beginning of period $ 2,710 $ 817 $ 1,936 $ 111 $ 5,574 Charge-offs - - - - - Recoveries 1 - - - 1 Provision (100 ) - 500 - 400 Balance end of period $ 2,611 $ 817 $ 2,436 $ 111 $ 5,975 For the six months ended December 31, 2015: Balance beginning of period $ 2,592 $ 817 $ 2,936 $ 111 $ 6,456 Charge-offs (1,029 ) - - - (1,029 ) Recoveries 1 - - - 1 Provision 700 (400 ) 825 (50 ) 1,075 Balance end of period $ 2,264 $ 417 $ 3,761 $ 61 $ 6,503 For the six months ended December 31, 2014: Balance beginning of period $ 2,510 $ 817 $ 1,761 $ 211 $ 5,299 Charge-offs - - - - - Recoveries 1 - - - 1 Provision 100 - 675 (100 ) 675 Balance end of period $ 2,611 $ 817 $ 2,436 $ 111 $ 5,975 The following table presents the recorded investment in loans and leases and the related allowance based on impairment method as of December 31, 2015 and June 30, 2015 by portfolio segment. (dollars in thousands) Commercial Leases Education Government Non-profit Leases Commercial & Industrial Loans Commercial Real Estate Loans Total Financing Receivable As of December 31, 2015: Allowance for lease and loan losses Individually evaluated for impairment $ 236 $ 4 $ - $ - $ 240 Collectively evaluated for impairment 2,028 413 3,761 61 6,263 Total ending allowance balance $ 2,264 $ 417 $ 3,761 $ 61 $ 6,503 Finance receivables Individually evaluated for impairment $ 6,770 $ 4 $ - $ - $ 6,774 Collectively evaluated for impairment 208,697 64,822 328,524 2,124 604,167 Total ending finance receivable balance $ 215,467 $ 64,826 $ 328,524 $ 2,124 $ 610,941 As of June 30, 2015: Allowance for lease and loan losses Individually evaluated for impairment $ 563 $ 58 $ - $ - $ 621 Collectively evaluated for impairment 2,029 759 2,936 111 5,835 Total ending allowance balance $ 2,592 $ 817 $ 2,936 $ 111 $ 6,456 Finance receivables Individually evaluated for impairment $ 5,449 $ 221 $ - $ - $ 5,670 Collectively evaluated for impairment 225,894 70,169 238,986 7,523 542,572 Total ending finance receivable balance $ 231,343 $ 70,390 $ 238,986 $ 7,523 $ 548,242

Note 11 - Borrowings

Note 11 - Borrowings	6 Months Ended
	Dec. 31, 2015
Federal Home Loan Banks [Abstract]
Federal Home Loan Bank, Advances [Text Block]	NOTE 11 – BORROWINGS CalFirst Bank is a member of the Federal Home Loan Bank of San Francisco and can take advantage of FHLB programs for overnight and term advances at published daily rates. Under terms of a blanket collateral agreement, advances from the FHLB are collateralized by qualifying real estate loans and investment securities. The Bank also has authority to borrow from the Federal Reserve Bank (“FRB”) discount window amounts secured by certain lease receivables. Borrowing capacity from the FHLB or FRB may fluctuate based upon the acceptability and risk rating of securities, loan and lease collateral and both the FRB and FHLB could adjust advance rates applied to such collateral at their discretion. The borrowings from the FHLB and weighted average interest rates at December 31, 2015 and June 30, 2015 were as follows: December 31, 2015 June 30, 2015 (dollars in thousands) Amount Weighted Average Rate Amount Weighted Average Rate Short-term borrowings FHLB advances $ 57,000 0.37 % $ 42,000 0.32 % At December 31, 2015, there was available borrowing capacity from the FHLB of $22.1 million related to qualifying real estate loans of $2.1 million and securities pledged with an amortized cost of $81.8 million. There were no borrowings from the FRB, leaving availability of approximately $103.9 million secured by $140.3 million of lease receivables.

Note 12 - Segment Reporting

Note 12 - Segment Reporting	6 Months Ended
	Dec. 31, 2015
Segment Reporting [Abstract]
Segment Reporting Disclosure [Text Block]	NOTE 12 – SEGMENT REPORTING The Company’s two subsidiaries, CalFirst Bank, an FDIC-insured national bank, and CalFirst Leasing are considered to be two different business segments. Below is a summary of each segment’s financial results for the quarters and six months ended December 31, 2015 and 2014: CalFirst Bank CalFirst Leasing Bancorp and Eliminating Entries Consolidated (in thousands) Quarter ended December 31, 2015 Total interest income $ 6,237 $ 331 $ 2 $ 6,570 Net interest income after provision for credit losses 4,163 391 2 4,556 Other income 474 234 - 708 Net income $ 1,444 $ 325 $ (211 ) $ 1,558 Quarter ended December 31, 2014 Total interest income $ 5,222 $ 492 $ - $ 5,714 Net interest income after provision for credit losses 3,772 631 - 4,403 Other income 2,217 2,448 - 4,665 Net income $ 2,162 $ 1,662 $ (267 ) $ 3,557 Six months ended December 31, 2015 Total interest income $ 12,096 $ 720 $ 3 $ 12,819 Net interest income after provision for credit losses 8,099 911 3 9,013 Other income 925 679 - 1,604 Net income $ 2,832 $ 862 $ (411 ) $ 3,283 Six months ended December 31, 2014 Total interest income $ 9,928 $ 1,043 $ - $ 10,971 Net interest income after provision for credit losses 7,320 1,207 - 8,527 Other income 2,683 4,529 - 7,212 Net income $ 3,341 $ 3,177 $ (502 ) $ 6,016 Total assets at December 31, 2015 $ 777,326 $ 82,695 $ (40,625 ) $ 819,396 Total assets at December 31, 2014 $ 604,028 $ 95,265 $ (47,292 ) $ 652,001

Note 3 - Stock-Based Compensa20

Note 3 - Stock-Based Compensation (Tables)	6 Months Ended
	Dec. 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Schedule of Stock Options Roll Forward [Table Text Block]	For the six months ended December 31, 2015 December 31, 2014 Shares Weighted Average Exercise Price Shares Weighted Average Exercise Price Options outstanding at beginning of period 10,000 $ 16.00 10,000 $ 16.00 Exercised - - - - Granted - - - - Options outstanding at end of period 10,000 $ 16.00 10,000 $ 16.00 Options exercisable at end of period 6,000 4,000
Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range [Table Text Block]	As of December 31, 2015 Options Outstanding Options Exercisable Range of Exercise prices Number Outstanding Weighted Average Remaining Contractual Life (in years) Weighted Average Exercise Price Number Exercisable Weighted Average Exercise Price $ 16.00 - 16.00 10,000 6.58 $ 16.00 6,000 $ 16.00

Note 4 - Fair Value Measureme21

Note 4 - Fair Value Measurement (Tables)	6 Months Ended
	Dec. 31, 2015
Disclosure Text Block [Abstract]
Fair Value, Assets Measured on Recurring Basis [Table Text Block]	Description of Assets / Liabilities Total Fair Value Quoted Price in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) (in thousands) As of December 31, 2015 U.S. Treasury Notes $ 47,563 $ 47,563 $ - $ - Corporate debt securities 13,230 - 13,230 - Agency MBS 34,227 - 34,227 - Securities of state and political subdivisions 206 - 206 - Mutual fund investment 1,307 1,307 - - $ 96,533 $ 48,870 $ 47,663 $ - As of June 30, 2015 U.S. Treasury Notes $ 47,770 $ 47,770 $ - $ - Corporate debt securities 13,152 - 13,152 - Agency MBS 18,669 - 18,669 - Securities of state and political subdivisions 412 - 412 - Mutual fund investment 1,209 1,209 - - $ 81,212 $ 48,979 $ 32,233 $ -

Note 5 - Fair Value of Financ22

Note 5 - Fair Value of Financial Instruments (Tables)	6 Months Ended
	Dec. 31, 2015
Fair Value Disclosures [Abstract]
Fair Value, by Balance Sheet Grouping [Table Text Block]	December 31, 2015 June 30, 2015 Carrying Estimated Carrying Estimated (in thousands) Financial Assets: Cash and cash equivalents $ 66,248 $ 66,248 $ 60,240 $ 60,240 Investments 3,612 3,625 3,334 3,349 Securities available-for-sale 96,533 96,533 81,212 81,212 Commercial loan participations 316,554 313,187 227,238 226,627 Other loans 10,272 10,282 16,224 16,381 Financial Liabilities: Demand and savings deposits 84,847 84,847 70,447 70,447 Time certificate of deposits 467,985 467,673 401,459 401,211 Short-term borrowings $ 57,000 $ 56,992 $ 42,000 $ 42,004

Note 6 - Investments (Tables)

Note 6 - Investments (Tables)	6 Months Ended
	Dec. 31, 2015
Investments Schedule [Abstract]
Investment [Table Text Block]	December 31, 2015 June 30, 2015 Carrying Cost Fair Value Carrying Cost Fair Value (in thousands) Federal Reserve Bank Stock $ 1,955 $ 1,955 $ 1,955 $ 1,955 Federal Home Loan Bank Stock 1,539 1,539 1,260 1,260 Mortgage-backed investment 118 131 119 134 $ 3,612 $ 3,625 $ 3,334 $ 3,349

Note 7 - Securities Available24

Note 7 - Securities Available for Sale (Tables)	6 Months Ended
	Dec. 31, 2015
Investments, Debt and Equity Securities [Abstract]
Schedule of Available-for-sale Securities Reconciliation [Table Text Block]	(in thousands) Amortized Gross Unrealized Fair Cost Gains Losses Value U.S. Treasury Notes $ 47,321 $ 242 $ - $ 47,563 Corporate debt securities 13,364 - (134 ) 13,230 Agency MBS 34,510 33 (316 ) 34,227 Securities of state and political subdivisions 205 1 - 206 Mutual fund investment 1,215 92 - 1,307 Total securities available-for-sale $ 96,615 $ 368 $ (450 ) $ 96,533 (in thousands) Amortized Gross Unrealized Fair Cost Gains Losses Value U.S. Treasury Notes $ 47,286 $ 484 $ - $ 47,770 Corporate debt securities 13,165 18 (31 ) 13,152 Agency MBS 18,765 53 (149 ) 18,669 Securities of state and political subdivisions 406 6 - 412 Mutual fund investment 1,215 - (6 ) 1,209 Total securities available-for-sale $ 80,837 $ 561 $ (186 ) $ 81,212
Available-for-sale Securities [Table Text Block]	Amortized Cost Fair Value (in thousands) Due in one year or less $ 205 $ 206 Due after one year but less than 5 years 60,685 60,793 Due after five years 34,510 34,227 No stated maturity 1,215 1,307 Total securities available-for-sale $ 96,615 $ 96,533
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value [Table Text Block]	Less than 12 Months 12 Months or More Total Unrealized Loss Estimated Fair Value Unrealized Loss Estimated Fair Value Unrealized Loss Estimated Fair Value (in thousands) At December 31, 2015 Corporate debt securities $ (134 ) $ 13,230 $ - $ - $ (134 ) $ 13,230 Agency MBS (316 ) 29,999 - - (316 ) 29,999 Total $ (450 ) $ 43,229 $ - $ - $ (450 ) $ 43,229 At June 30, 2015 Corporate debt securities $ (31 ) $ 8,388 $ - $ - $ (31 ) $ 8,388 Agency MBS (149 ) 14,170 - - (149 ) 14,170 Mutual fund investments (6 ) 1,209 - - (6 ) 1,209 Total $ (186 ) $ 23,767 $ - $ - $ (186 ) $ 23,767

Note 8 - Net Investment in Le25

Note 8 - Net Investment in Leases (Tables)	6 Months Ended
	Dec. 31, 2015
Leases [Abstract]
Net Investment in Leases [Table Text Block]	December 31, June 30, (in thousands) Minimum lease payments receivable $ 289,061 $ 310,960 Estimated residual value 12,533 13,819 Less unearned income (21,301 ) (23,046 ) Net investment in leases before allowances 280,293 301,733 Less allowance for lease losses (2,611 ) (3,339 ) Less valuation allowance for estimated residual value (70 ) (70 ) Net investment in leases $ 277,612 $ 298,324

Note 9 - Commercial Loans (Tabl

Note 9 - Commercial Loans (Tables)	6 Months Ended
	Dec. 31, 2015
Commercial Loan [Member]
Note 9 - Commercial Loans (Tables) [Line Items]
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	December 31, June 30, (in thousands) Commercial term loans $ 328,528 $ 238,973 Commercial real estate loans 2,129 7,531 Revolving lines of credit 655 585 Total commercial loans 331,312 247,089 Less unearned income and discounts (664 ) (580 ) Less allowance for loan losses (3,822 ) (3,047 ) Net commercial loans $ 326,826 $ 243,462

Note 10 - Credit Quality of F27

Note 10 - Credit Quality of Financing Receivables and Allowance for Credit Losses (Tables)	6 Months Ended
	Dec. 31, 2015
Credit Quanlity Of Financing Receivables [Abstract]
Impaired Financing Receivables [Table Text Block]	(dollars in thousands) Commercial Leases Education Government Non-profit Leases Commercial & Industrial Loans Commercial Real Estate Loans Total Financing Receivable As of December 31, 2015: Pass $ 204,516 $ 64,354 $ 323,639 $ 2,124 $ 594,633 Special Mention 9,224 468 4,885 - 14,577 Substandard 1,713 - - - 1,713 Doubtful 14 4 - - 18 $ 215,467 $ 64,826 $ 328,524 $ 2,124 $ 610,941 Non-accrual $ 1,729 $ 4 $ - $ - $ 1,733 As of June 30, 2015: Pass $ 219,814 $ 69,865 $ 234,076 $ 7,523 $ 531,278 Special Mention 6,080 304 4,910 - 11,294 Substandard 5,435 217 - - 5,652 Doubtful 14 4 - - 18 $ 231,343 $ 70,390 $ 238,986 $ 7,523 $ 548,242 Non-accrual $ 37 $ 4 $ - $ - $ 41
Past Due Financing Receivables [Table Text Block]	(dollars in thousands) 31-89 Days Greater Than 90 Days Total Past Due Current Total Financing Receivable Over 90 Days & Accruing As of December 31, 2015: Commercial Leases $ - $ 1,729 $ 1,729 $ 213,738 $ 215,467 $ - Education, Government, Non-profit Leases - 4 4 64,822 64,826 - Commercial and Industrial Loans - - - 328,524 328,524 - Commercial Real Estate Loans - - - 2,124 2,124 - $ - $ 1,733 $ 1,733 $ 609,208 $ 610,941 $ - As of June 30, 2015: Commercial Leases $ 2,733 $ 37 $ 2,770 $ 228,573 $ 231,343 $ - Education, Government, Non-profit Leases 8 4 12 70,378 70,390 - Commercial and Industrial Loans - - - 238,986 238,986 - Commercial Real Estate Loans - - - 7,523 7,523 - $ 2,741 $ 41 $ 2,782 $ 545,460 $ 548,242 $ -
Schedule of Valuation Allowance for Impairment of Recognized Servicing Assets [Table Text Block]	(dollars in thousands) Commercial Leases Education Government Non-profit Leases Commercial & Industrial Loans Commercial Real Estate Loans Total Financing Receivable For the three months ended December 31, 2015: Balance beginning of period $ 2,791 $ 817 $ 3,236 $ 111 $ 6,955 Charge-offs (1,028 ) - - - (1,028 ) Recoveries 1 - - - 1 Provision 500 (400 ) 525 (50 ) 575 Balance end of period $ 2,264 $ 417 $ 3,761 $ 61 $ 6,503 For the three months ended December 31, 2014: Balance beginning of period $ 2,710 $ 817 $ 1,936 $ 111 $ 5,574 Charge-offs - - - - - Recoveries 1 - - - 1 Provision (100 ) - 500 - 400 Balance end of period $ 2,611 $ 817 $ 2,436 $ 111 $ 5,975 For the six months ended December 31, 2015: Balance beginning of period $ 2,592 $ 817 $ 2,936 $ 111 $ 6,456 Charge-offs (1,029 ) - - - (1,029 ) Recoveries 1 - - - 1 Provision 700 (400 ) 825 (50 ) 1,075 Balance end of period $ 2,264 $ 417 $ 3,761 $ 61 $ 6,503 For the six months ended December 31, 2014: Balance beginning of period $ 2,510 $ 817 $ 1,761 $ 211 $ 5,299 Charge-offs - - - - - Recoveries 1 - - - 1 Provision 100 - 675 (100 ) 675 Balance end of period $ 2,611 $ 817 $ 2,436 $ 111 $ 5,975 (dollars in thousands) Commercial Leases Education Government Non-profit Leases Commercial & Industrial Loans Commercial Real Estate Loans Total Financing Receivable As of December 31, 2015: Allowance for lease and loan losses Individually evaluated for impairment $ 236 $ 4 $ - $ - $ 240 Collectively evaluated for impairment 2,028 413 3,761 61 6,263 Total ending allowance balance $ 2,264 $ 417 $ 3,761 $ 61 $ 6,503 Finance receivables Individually evaluated for impairment $ 6,770 $ 4 $ - $ - $ 6,774 Collectively evaluated for impairment 208,697 64,822 328,524 2,124 604,167 Total ending finance receivable balance $ 215,467 $ 64,826 $ 328,524 $ 2,124 $ 610,941 As of June 30, 2015: Allowance for lease and loan losses Individually evaluated for impairment $ 563 $ 58 $ - $ - $ 621 Collectively evaluated for impairment 2,029 759 2,936 111 5,835 Total ending allowance balance $ 2,592 $ 817 $ 2,936 $ 111 $ 6,456 Finance receivables Individually evaluated for impairment $ 5,449 $ 221 $ - $ - $ 5,670 Collectively evaluated for impairment 225,894 70,169 238,986 7,523 542,572 Total ending finance receivable balance $ 231,343 $ 70,390 $ 238,986 $ 7,523 $ 548,242

Note 11 - Borrowings (Tables)

Note 11 - Borrowings (Tables)	6 Months Ended
	Dec. 31, 2015
Federal Home Loan Banks [Abstract]
Schedule of Debt [Table Text Block]	December 31, 2015 June 30, 2015 (dollars in thousands) Amount Weighted Average Rate Amount Weighted Average Rate Short-term borrowings FHLB advances $ 57,000 0.37 % $ 42,000 0.32 %

Note 12 - Segment Reporting (Ta

Note 12 - Segment Reporting (Tables)	6 Months Ended
	Dec. 31, 2015
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment [Table Text Block]	CalFirst Bank CalFirst Leasing Bancorp and Eliminating Entries Consolidated (in thousands) Quarter ended December 31, 2015 Total interest income $ 6,237 $ 331 $ 2 $ 6,570 Net interest income after provision for credit losses 4,163 391 2 4,556 Other income 474 234 - 708 Net income $ 1,444 $ 325 $ (211 ) $ 1,558 Quarter ended December 31, 2014 Total interest income $ 5,222 $ 492 $ - $ 5,714 Net interest income after provision for credit losses 3,772 631 - 4,403 Other income 2,217 2,448 - 4,665 Net income $ 2,162 $ 1,662 $ (267 ) $ 3,557 Six months ended December 31, 2015 Total interest income $ 12,096 $ 720 $ 3 $ 12,819 Net interest income after provision for credit losses 8,099 911 3 9,013 Other income 925 679 - 1,604 Net income $ 2,832 $ 862 $ (411 ) $ 3,283 Six months ended December 31, 2014 Total interest income $ 9,928 $ 1,043 $ - $ 10,971 Net interest income after provision for credit losses 7,320 1,207 - 8,527 Other income 2,683 4,529 - 7,212 Net income $ 3,341 $ 3,177 $ (502 ) $ 6,016 Total assets at December 31, 2015 $ 777,326 $ 82,695 $ (40,625 ) $ 819,396 Total assets at December 31, 2014 $ 604,028 $ 95,265 $ (47,292 ) $ 652,001

Note 3 - Stock-Based Compensa30

Note 3 - Stock-Based Compensation (Details) - USD ($)	3 Months Ended	6 Months Ended
	Dec. 31, 2015	Dec. 31, 2015	Dec. 31, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Allocated Share-based Compensation Expense	$ 1,100	$ 2,200
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross (in Shares)		0	0
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized	$ 7,000	$ 7,000
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition		19 months

Note 3 - Stock-Based Compensa31

Note 3 - Stock-Based Compensation (Details) - Stock Option Activity - $ / shares	6 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Stock Option Activity [Abstract]
Options outstanding at beginning of period	10,000	10,000
Options outstanding at beginning of period (in Dollars per share)	$ 16	$ 16
Exercised	0	0
Exercised (in Dollars per share)	$ 0	$ 0
Granted	0	0
Granted (in Dollars per share)	$ 0	$ 0
Options outstanding at end of period	10,000	10,000
Options outstanding at end of period (in Dollars per share)	$ 16	$ 16
Options exercisable at end of period	6,000	4,000

Note 3 - Stock-Based Compensa32

Note 3 - Stock-Based Compensation (Details) - Stock Option Activity by Exercise Price Range	6 Months Ended
	Dec. 31, 2015$ / sharesshares
Stock Option Activity by Exercise Price Range [Abstract]
	$ 16
	$ 16
(in Shares) | shares	10,000
	6 years 211 days
	$ 16
(in Shares) | shares	6,000
	$ 16

Note 4 - Fair Value Measureme33

Note 4 - Fair Value Measurement (Details) - Assets Measured at Fair Value on a Recurring Basis - USD ($) $ in Thousands	Dec. 31, 2015	Jun. 30, 2015
Note 4 - Fair Value Measurement (Details) - Assets Measured at Fair Value on a Recurring Basis [Line Items]
Fair Value	$ 96,533	$ 81,212
US Treasury Securities [Member]
Note 4 - Fair Value Measurement (Details) - Assets Measured at Fair Value on a Recurring Basis [Line Items]
Fair Value	47,563	47,770
Corporate Debt Securities [Member]
Note 4 - Fair Value Measurement (Details) - Assets Measured at Fair Value on a Recurring Basis [Line Items]
Fair Value	13,230	13,152
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member]
Note 4 - Fair Value Measurement (Details) - Assets Measured at Fair Value on a Recurring Basis [Line Items]
Fair Value	34,227	18,669
US States and Political Subdivisions Debt Securities [Member]
Note 4 - Fair Value Measurement (Details) - Assets Measured at Fair Value on a Recurring Basis [Line Items]
Fair Value	206	412
Mutual Fund Investments [Member]
Note 4 - Fair Value Measurement (Details) - Assets Measured at Fair Value on a Recurring Basis [Line Items]
Fair Value	1,307	1,209
Fair Value, Inputs, Level 1 [Member]
Note 4 - Fair Value Measurement (Details) - Assets Measured at Fair Value on a Recurring Basis [Line Items]
Fair Value	48,870	48,979
Fair Value, Inputs, Level 1 [Member] | US Treasury Securities [Member]
Note 4 - Fair Value Measurement (Details) - Assets Measured at Fair Value on a Recurring Basis [Line Items]
Fair Value	47,563	47,770
Fair Value, Inputs, Level 1 [Member] | Mutual Fund Investments [Member]
Note 4 - Fair Value Measurement (Details) - Assets Measured at Fair Value on a Recurring Basis [Line Items]
Fair Value	1,307	1,209
Fair Value, Inputs, Level 2 [Member]
Note 4 - Fair Value Measurement (Details) - Assets Measured at Fair Value on a Recurring Basis [Line Items]
Fair Value	47,663	32,233
Fair Value, Inputs, Level 2 [Member] | Corporate Debt Securities [Member]
Note 4 - Fair Value Measurement (Details) - Assets Measured at Fair Value on a Recurring Basis [Line Items]
Fair Value	13,230	13,152
Fair Value, Inputs, Level 2 [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member]
Note 4 - Fair Value Measurement (Details) - Assets Measured at Fair Value on a Recurring Basis [Line Items]
Fair Value	34,227	18,669
Fair Value, Inputs, Level 2 [Member] | US States and Political Subdivisions Debt Securities [Member]
Note 4 - Fair Value Measurement (Details) - Assets Measured at Fair Value on a Recurring Basis [Line Items]
Fair Value	$ 206	$ 412

Note 5 - Fair Value of Financ34

Note 5 - Fair Value of Financial Instruments (Details) - Estimated Fair Values of Financial Instruments - USD ($) $ in Thousands	Dec. 31, 2015	Jun. 30, 2015	Dec. 31, 2014	Jun. 30, 2014
Financial Assets:
Cash and cash equivalents	$ 66,248	$ 60,240	$ 50,058	$ 40,122
Cash and cash equivalents	66,248	60,240
Investments	3,612	3,334
Investments	3,625	3,349
Securities available-for-sale	96,533	81,212
Securities available-for-sale	96,533	81,212
Commercial Loan, Carrying Value	326,826	243,462
Financial Liabilities:
Short-term borrowings	57,000	42,000
Short-term borrowings	56,992	42,004
Commercial Loan [Member]
Financial Assets:
Commercial Loan, Carrying Value	316,554	227,238
Commercial Loan, Estimated Fair Value	313,187	226,627
Other Commercial Loans [Member]
Financial Assets:
Commercial Loan, Carrying Value	10,272	16,224
Commercial Loan, Estimated Fair Value	10,282	16,381
Demand Deposits [Member]
Financial Liabilities:
Deposits, Carrying Value	84,847	70,447
Deposits, Estimated Fair Value	84,847	70,447
Certificates of Deposit [Member]
Financial Liabilities:
Deposits, Carrying Value	467,985	401,459
Deposits, Estimated Fair Value	$ 467,673	$ 401,211

Note 6 - Investments (Details)

Note 6 - Investments (Details)	Dec. 31, 2015
Investments Schedule [Abstract]
Percentage of Capital Surplus Equal to Federal Reserve Bank Stock, Required to Hold	6.00%

Note 6 - Investments (Details)

Note 6 - Investments (Details) - Investments Carried at Cost - USD ($) $ in Thousands	Dec. 31, 2015	Jun. 30, 2015
Note 6 - Investments (Details) - Investments Carried at Cost [Line Items]
Federal Reserve Bank Stock	$ 1,955	$ 1,955
Federal Reserve Bank Stock	1,955	1,955
Federal Home Loan Bank Stock	1,539	1,260
Federal Home Loan Bank Stock	1,539	1,260
	3,612	3,334
	3,625	3,349
Collateralized Mortgage Backed Securities [Member]
Note 6 - Investments (Details) - Investments Carried at Cost [Line Items]
Mortgage-backed investment	118	119
Mortgage-backed investment	$ 131	$ 134

Note 7 - Securities Available37

Note 7 - Securities Available for Sale (Details) - USD ($)	1 Months Ended	6 Months Ended
	Sep. 30, 2014	Dec. 31, 2015	Dec. 31, 2014	Jun. 30, 2015	May. 31, 2014
Note 7 - Securities Available for Sale (Details) [Line Items]
Available-for-sale Securities, Gross Realized Gain (Loss)		$ 23,000	$ 438,000
Proceeds from Sale of Available-for-sale Securities		4,800,000
Proceeds from Sale and Maturity of Marketable Securities		4,769,000	$ 808,000
Available-for-sale Securities, Accumulated Gross Unrealized Loss, before Tax		450,000		$ 186,000
Mutual Fund Investments [Member]
Note 7 - Securities Available for Sale (Details) [Line Items]
Available-for-sale Securities, Accumulated Gross Unrealized Loss, before Tax				6,000
Other than Temporary Impairment Losses, Investments, Available-for-sale Securities	$ 91,000
Reduction In Dividend From Mutual Fund Investment, Percentage					11.00%
Early Call Provision of a Corporate Bond [Member]
Note 7 - Securities Available for Sale (Details) [Line Items]
Available-for-sale Securities Pledged as Collateral		$ 81,800,000		$ 66,100,000

Note 7 - Securities Available38

Note 7 - Securities Available for Sale (Details) - Available-For-Sale Securities at Amortized Cost and Fair Value - USD ($)	Dec. 31, 2015	Jun. 30, 2015
Note 7 - Securities Available for Sale (Details) - Available-For-Sale Securities at Amortized Cost and Fair Value [Line Items]
Amortized Cost	$ 96,615,000	$ 80,837,000
Gross Unrealized Gains	368,000	561,000
Gross Unrealized Losses	(450,000)	(186,000)
Fair Value	96,533,000	81,212,000
US Treasury Securities [Member]
Note 7 - Securities Available for Sale (Details) - Available-For-Sale Securities at Amortized Cost and Fair Value [Line Items]
Amortized Cost	47,321,000	47,286,000
Gross Unrealized Gains	242,000	484,000
Fair Value	47,563,000	47,770,000
Corporate Debt Securities [Member]
Note 7 - Securities Available for Sale (Details) - Available-For-Sale Securities at Amortized Cost and Fair Value [Line Items]
Amortized Cost	13,364,000	13,165,000
Gross Unrealized Gains		18,000
Gross Unrealized Losses	(134,000)	(31,000)
Fair Value	13,230,000	13,152,000
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member]
Note 7 - Securities Available for Sale (Details) - Available-For-Sale Securities at Amortized Cost and Fair Value [Line Items]
Amortized Cost	34,510,000	18,765,000
Gross Unrealized Gains	33,000	53,000
Gross Unrealized Losses	(316,000)	(149,000)
Fair Value	34,227,000	18,669,000
Municipal Bonds [Member]
Note 7 - Securities Available for Sale (Details) - Available-For-Sale Securities at Amortized Cost and Fair Value [Line Items]
Amortized Cost	205,000	406,000
Gross Unrealized Gains	1,000	6,000
Fair Value	206,000	412,000
Mutual Fund Investments [Member]
Note 7 - Securities Available for Sale (Details) - Available-For-Sale Securities at Amortized Cost and Fair Value [Line Items]
Amortized Cost	1,215,000	1,215,000
Gross Unrealized Gains	92,000
Gross Unrealized Losses		(6,000)
Fair Value	$ 1,307,000	$ 1,209,000

Note 7 - Securities Available39

Note 7 - Securities Available for Sale (Details) - Available-For-Sale Securities by Contractual Maturity - USD ($) $ in Thousands	Dec. 31, 2015	Jun. 30, 2015
Available-For-Sale Securities by Contractual Maturity [Abstract]
Due in one year or less	$ 205
Due in one year or less	206
Due after one year but less than 5 years	60,685
Due after one year but less than 5 years	60,793
Due after five years	34,510
Due after five years	34,227
No stated maturity	1,215
No stated maturity	1,307
Total securities available-for-sale	96,615	$ 80,837
Total securities available-for-sale	$ 96,533	$ 81,212

Note 7 - Securities Available40

Note 7 - Securities Available for Sale (Details) - Available-For-Sale Securities with Continuous Unrealized Losses - USD ($) $ in Thousands	Dec. 31, 2015	Jun. 30, 2015
Note 7 - Securities Available for Sale (Details) - Available-For-Sale Securities with Continuous Unrealized Losses [Line Items]
Unrealized loss, less than 12 months	$ (450)	$ (186)
Estimated fair value, less than 12 months	43,229	23,767
Unrealized loss	(450)	(186)
Estimated fair value	43,229	23,767
Corporate Debt Securities [Member]
Note 7 - Securities Available for Sale (Details) - Available-For-Sale Securities with Continuous Unrealized Losses [Line Items]
Unrealized loss, less than 12 months	(134)	(31)
Estimated fair value, less than 12 months	13,230	8,388
Unrealized loss	(134)	(31)
Estimated fair value	13,230	8,388
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member]
Note 7 - Securities Available for Sale (Details) - Available-For-Sale Securities with Continuous Unrealized Losses [Line Items]
Unrealized loss, less than 12 months	(316)	(149)
Estimated fair value, less than 12 months	29,999	14,170
Unrealized loss	(316)	(149)
Estimated fair value	$ 29,999	14,170
Mutual Fund Investments [Member]
Note 7 - Securities Available for Sale (Details) - Available-For-Sale Securities with Continuous Unrealized Losses [Line Items]
Unrealized loss, less than 12 months		(6)
Estimated fair value, less than 12 months		1,209
Unrealized loss		(6)
Estimated fair value		$ 1,209

Note 8 - Net Investment in Le41

Note 8 - Net Investment in Leases (Details) - USD ($) $ in Millions	6 Months Ended	12 Months Ended
	Dec. 31, 2015	Jun. 30, 2015
Leases [Abstract]
Direct Costs of Leased and Rented Property or Equipment	$ 2.4	$ 2.4

Note 8 - Net Investment in Le42

Note 8 - Net Investment in Leases (Details) - Net Investment in Leases - USD ($) $ in Thousands	Dec. 31, 2015	Jun. 30, 2015
Net Investment in Leases [Abstract]
Minimum lease payments receivable	$ 289,061	$ 310,960
Estimated residual value	12,533	13,819
Less unearned income	(21,301)	(23,046)
Net investment in leases before allowances	280,293	301,733
Less allowance for lease losses	(2,611)	(3,339)
Less valuation allowance for estimated residual value	(70)	(70)
Net investment in leases	$ 277,612	$ 298,324

Note 9 - Commercial Loans (Deta

Note 9 - Commercial Loans (Details) - USD ($)	Dec. 31, 2015	Jun. 30, 2015
Note 9 - Commercial Loans (Details) [Line Items]
Commitments and Contingencies
Unused lines of Credit [Member]
Note 9 - Commercial Loans (Details) [Line Items]
Fair Value Disclosure, Off-balance Sheet Risks, Amount, Liability	$ 3,300,000	$ 7,400,000
Commitments and Contingencies	$ 50,000	$ 50,000

Note 9 - Commercial Loans (De44

Note 9 - Commercial Loans (Details) - Investment in Commercial Loans - USD ($) $ in Thousands	Dec. 31, 2015	Jun. 30, 2015
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial Loans	$ 331,312	$ 247,089
Less unearned income and discounts	(664)	(580)
Less allowance for loan losses	(3,822)	(3,047)
Net commercial loans	326,826	243,462
Commercial Term Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial Loans	328,528	238,973
Commercial Real Estate Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial Loans	2,129	7,531
Commercial Revolving Lines of Credit [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial Loans	$ 655	$ 585

Note 10 - Credit Quality of F45

Note 10 - Credit Quality of Financing Receivables and Allowance for Credit Losses (Details)	6 Months Ended
	Dec. 31, 2015
Credit Quanlity Of Financing Receivables [Abstract]
Number of Days Past Due on Lease or Loan Payments, Minimum	90 days

Note 10 - Credit Quality of F46

Note 10 - Credit Quality of Financing Receivables and Allowance for Credit Losses (Details) - Risk Classification of Financing Receivables by Portfolio Class - USD ($) $ in Thousands	Dec. 31, 2015	Jun. 30, 2015
Financing Receivable, Impaired [Line Items]
Risk Classification	$ 610,941	$ 548,242
Pass [Member]
Financing Receivable, Impaired [Line Items]
Risk Classification	594,633	531,278
Special Mention [Member]
Financing Receivable, Impaired [Line Items]
Risk Classification	14,577	11,294
Substandard [Member]
Financing Receivable, Impaired [Line Items]
Risk Classification	1,713	5,652
Doubtful [Member]
Financing Receivable, Impaired [Line Items]
Risk Classification	18	18
Non-Accrual [Member]
Financing Receivable, Impaired [Line Items]
Risk Classification	1,733	41
Commercial Portfolio Segment [Member]
Financing Receivable, Impaired [Line Items]
Risk Classification	215,467	231,343
Commercial Portfolio Segment [Member] | Pass [Member]
Financing Receivable, Impaired [Line Items]
Risk Classification	204,516	219,814
Commercial Portfolio Segment [Member] | Special Mention [Member]
Financing Receivable, Impaired [Line Items]
Risk Classification	9,224	6,080
Commercial Portfolio Segment [Member] | Substandard [Member]
Financing Receivable, Impaired [Line Items]
Risk Classification	1,713	5,435
Commercial Portfolio Segment [Member] | Doubtful [Member]
Financing Receivable, Impaired [Line Items]
Risk Classification	14	14
Commercial Portfolio Segment [Member] | Non-Accrual [Member]
Financing Receivable, Impaired [Line Items]
Risk Classification	1,729	37
Education Government Non Profit Leases [Member]
Financing Receivable, Impaired [Line Items]
Risk Classification	64,826	70,390
Education Government Non Profit Leases [Member] | Pass [Member]
Financing Receivable, Impaired [Line Items]
Risk Classification	64,354	69,865
Education Government Non Profit Leases [Member] | Special Mention [Member]
Financing Receivable, Impaired [Line Items]
Risk Classification	468	304
Education Government Non Profit Leases [Member] | Substandard [Member]
Financing Receivable, Impaired [Line Items]
Risk Classification		217
Education Government Non Profit Leases [Member] | Doubtful [Member]
Financing Receivable, Impaired [Line Items]
Risk Classification	4	4
Education Government Non Profit Leases [Member] | Non-Accrual [Member]
Financing Receivable, Impaired [Line Items]
Risk Classification	4	4
Commercial And Industrial Loans [Member]
Financing Receivable, Impaired [Line Items]
Risk Classification	328,524	238,986
Commercial And Industrial Loans [Member] | Pass [Member]
Financing Receivable, Impaired [Line Items]
Risk Classification	323,639	234,076
Commercial And Industrial Loans [Member] | Special Mention [Member]
Financing Receivable, Impaired [Line Items]
Risk Classification	4,885	4,910
Commercial Real Estate Portfolio Segment [Member]
Financing Receivable, Impaired [Line Items]
Risk Classification	2,124	7,523
Commercial Real Estate Portfolio Segment [Member] | Pass [Member]
Financing Receivable, Impaired [Line Items]
Risk Classification	$ 2,124	$ 7,523

Note 10 - Credit Quality of F47

Note 10 - Credit Quality of Financing Receivables and Allowance for Credit Losses (Details) - Aging of Financing Receivables by Portfolio Class - USD ($) $ in Thousands	Dec. 31, 2015	Jun. 30, 2015
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing receivables past due	$ 1,733	$ 2,782
Financing receivables, current	609,208	545,460
Financing receivables, total	610,941	548,242
Financing Receivables, 31 to 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing receivables past due		2,741
Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing receivables past due	1,733	41
Commercial Portfolio Segment [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing receivables past due	1,729	2,770
Financing receivables, current	213,738	228,573
Financing receivables, total	215,467	231,343
Commercial Portfolio Segment [Member] | Financing Receivables, 31 to 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing receivables past due		2,733
Commercial Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing receivables past due	1,729	37
Education Government Non Profit Leases [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing receivables past due	4	12
Financing receivables, current	64,822	70,378
Financing receivables, total	64,826	70,390
Education Government Non Profit Leases [Member] | Financing Receivables, 31 to 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing receivables past due		8
Education Government Non Profit Leases [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing receivables past due	4	4
Commercial And Industrial Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing receivables, current	328,524	238,986
Financing receivables, total	328,524	238,986
Commercial Real Estate Portfolio Segment [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing receivables, current	2,124	7,523
Financing receivables, total	$ 2,124	$ 7,523

Note 10 - Credit Quality of F48

Note 10 - Credit Quality of Financing Receivables and Allowance for Credit Losses (Details) - Allowance Balances and Activity for Financing Receivables - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2015	Jun. 30, 2015
Valuation Allowance for Impairment of Recognized Servicing Assets [Line Items]
Allowance for credit losses at beginning of year	$ 6,955	$ 5,574	$ 6,456	$ 5,299
Charge-offs	(1,028)	0	(1,029)
Recoveries	1	1	1	1
Provision	575	400	1,075	675
Allowance for credit losses at end of year	6,503	5,975	6,503	5,975
Allowance for lease and loan losses
Individually evaluated for impairment, allowance					$ 240	$ 621
Collectively evaluated for impairment, allowance					6,263	5,835
End balance, allowance	6,503	5,574	6,503	5,975	6,503	6,456
Finance receivables
Individually evaluated for impairment, finance receivables					6,774	5,670
Collectively evaluated for impairment, finance receivables					604,167	542,572
Total ending finance receivable balance					610,941	548,242
Commercial Portfolio Segment [Member]
Valuation Allowance for Impairment of Recognized Servicing Assets [Line Items]
Allowance for credit losses at beginning of year	2,791	2,710	2,592	2,510
Charge-offs	(1,028)	0	(1,029)
Recoveries	1	1	1	1
Provision	500	(100)	700	100
Allowance for credit losses at end of year	2,264	2,611	2,264	2,611
Allowance for lease and loan losses
Individually evaluated for impairment, allowance					236	563
Collectively evaluated for impairment, allowance					2,028	2,029
End balance, allowance	2,791	2,710	2,264	2,611	2,264	2,592
Finance receivables
Individually evaluated for impairment, finance receivables					6,770	5,449
Collectively evaluated for impairment, finance receivables					208,697	225,894
Total ending finance receivable balance					215,467	231,343
Education Government Non Profit Leases [Member]
Valuation Allowance for Impairment of Recognized Servicing Assets [Line Items]
Allowance for credit losses at beginning of year	817	817	817	817
Charge-offs	0	0
Recoveries	0	0
Provision	(400)	0	(400)
Allowance for credit losses at end of year	417	817	417	817
Allowance for lease and loan losses
Individually evaluated for impairment, allowance					4	58
Collectively evaluated for impairment, allowance					413	759
End balance, allowance	817	817	417	817	417	817
Finance receivables
Individually evaluated for impairment, finance receivables					4	221
Collectively evaluated for impairment, finance receivables					64,822	70,169
Total ending finance receivable balance					64,826	70,390
Commercial And Industrial Loans [Member]
Valuation Allowance for Impairment of Recognized Servicing Assets [Line Items]
Allowance for credit losses at beginning of year	3,236	1,936	2,936	1,761
Charge-offs	0	0
Recoveries	0	0
Provision	525	500	825	675
Allowance for credit losses at end of year	3,761	2,436	3,761	2,436
Allowance for lease and loan losses
Individually evaluated for impairment, allowance					0	0
Collectively evaluated for impairment, allowance					3,761	2,936
End balance, allowance	3,236	1,936	3,761	2,436	3,761	2,936
Finance receivables
Individually evaluated for impairment, finance receivables					0	0
Collectively evaluated for impairment, finance receivables					328,524	238,986
Total ending finance receivable balance					328,524	238,986
Commercial Real Estate Portfolio Segment [Member]
Valuation Allowance for Impairment of Recognized Servicing Assets [Line Items]
Allowance for credit losses at beginning of year	111	111	111	211
Charge-offs	0	0
Recoveries	0	0
Provision	(50)		(50)	(100)
Allowance for credit losses at end of year	61	111	61	111
Allowance for lease and loan losses
Individually evaluated for impairment, allowance					0	0
Collectively evaluated for impairment, allowance					61	111
End balance, allowance	$ 111	$ 111	$ 61	$ 111	61	111
Finance receivables
Individually evaluated for impairment, finance receivables					0	0
Collectively evaluated for impairment, finance receivables					2,124	7,523
Total ending finance receivable balance					$ 2,124	$ 7,523

Note 11 - Borrowings (Details)

Note 11 - Borrowings (Details)	Dec. 31, 2015USD ($)
Note 11 - Borrowings (Details) [Line Items]
Federal Home Loan Bank, Advances, General Debt Obligations, Amount of Available, Unused Funds	$ 22,100,000
Qualifying Real Estate Loans Related to FHLB Line	2,100,000
Federal Reserve Bank, Advances, General Debt Obligations, Disclosures, Borrowings	0
Federal Reserve Bank, Advances, General Debt Obligations, Maximum Amount Available	103,900,000
Lease Receivables [Member]
Note 11 - Borrowings (Details) [Line Items]
Federal Home Loan Bank, Advances, General Debt Obligations, Disclosures, Collateral Pledged	81,800,000
Federal Reserve Bank [Member] | Lease Receivables [Member]
Note 11 - Borrowings (Details) [Line Items]
Financial Instruments, Owned and Pledged as Collateral, at Fair Value	$ 140,300,000

Note 11 - Borrowings (Details)

Note 11 - Borrowings (Details) - Borrowings from the FHLB and Weighted Average Interest Rates - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Short-term borrowings
FHLB advances	$ 42,000	$ 57,000
FHLB advances	0.32%	0.37%

Note 12 - Segment Reporting (De

Note 12 - Segment Reporting (Details)	6 Months Ended
	Dec. 31, 2015
Segment Reporting [Abstract]
Number of Operating Segments	2

Note 12 - Segment Reporting (52

Note 12 - Segment Reporting (Details) - Segment Financial Results - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2015	Dec. 31, 2014	Jun. 30, 2015
Segment Reporting Information [Line Items]
Total interest income	$ 6,570	$ 5,714	$ 12,819	$ 10,971
Net interest income after provision for credit losses	4,556	4,403	9,013	8,527
Other income	708	4,665	1,604	7,212
Net income	1,558	3,557	3,283	6,016
Six months ended December 31, 2014
Total assets	819,396	652,001	819,396	652,001	$ 731,074
CalFirst Bank [Member]
Segment Reporting Information [Line Items]
Total interest income	6,237	5,222	12,096	9,928
Net interest income after provision for credit losses	4,163	3,772	8,099	7,320
Other income	474	2,217	925	2,683
Net income	1,444	2,162	2,832	3,341
Six months ended December 31, 2014
Total assets	777,326	604,028	777,326	604,028
CalFirst Leasing [Member]
Segment Reporting Information [Line Items]
Total interest income	331	492	720	1,043
Net interest income after provision for credit losses	391	631	911	1,207
Other income	234	2,448	679	4,529
Net income	325	1,662	862	3,177
Six months ended December 31, 2014
Total assets	82,695	95,265	82,695	95,265
Bancorp And Eliminating Entries [Member]
Segment Reporting Information [Line Items]
Total interest income	2		3
Net interest income after provision for credit losses	2		3
Net income	(211)	(267)	(411)	(502)
Six months ended December 31, 2014
Total assets	$ (40,625)	$ (47,292)	$ (40,625)	$ (47,292)