Northeast Bank (NBN) 10-Q 9 Nov 16 2017 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
	Sep. 30, 2016	Nov. 02, 2016
Voting Common Stock [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding (in shares)		7,487,552
Nonvoting Common Stock [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding (in shares)		1,343,683
Entity Registrant Name	NORTHEAST BANCORP /ME/
Entity Central Index Key	811,831
Trading Symbol	nbn
Current Fiscal Year End Date	--06-30
Entity Filer Category	Accelerated Filer
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Document Type	10-Q
Document Period End Date	Sep. 30, 2016
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q1
Amendment Flag	false

Consolidated Balance Sheets (Cu

Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands	Sep. 30, 2016	Jun. 30, 2016
Commercial Real Estate Portfolio Segment [Member]
Assets
Loans	$ 449,553	$ 426,568
Residential Portfolio Segment [Member]
Assets
Loans	110,223	113,962
Commercial Portfolio Segment [Member]
Assets
Loans	156,110	145,956
Consumer Portfolio Segment [Member]
Assets
Loans	5,532	5,950
Voting Common Stock [Member]
Shareholders' equity
Voting common stock, $1.00 par value, 25,000,000 shares authorized; 7,487,552 and 8,089,790 shares issued and outstanding at September 30, 2016 and June 30, 2016, respectively	7,487	8,089
Nonvoting Common Stock [Member]
Shareholders' equity
Voting common stock, $1.00 par value, 25,000,000 shares authorized; 7,487,552 and 8,089,790 shares issued and outstanding at September 30, 2016 and June 30, 2016, respectively	1,344	1,228
Cash and due from banks	3,574	2,459
Short-term investments	122,675	148,698
Total cash and cash equivalents	126,249	151,157
Available-for-sale securities, at fair value	94,583	100,572
Residential real estate loans held for sale	4,623	6,449
SBA loans held for sale	2,630	1,070
Total loans held for sale	7,253	7,519
Loans	721,418	692,436
Less: Allowance for loan losses	2,506	2,350
Loans, net	718,912	690,086
Premises and equipment, net	7,452	7,801
Real estate owned and other repossessed collateral, net	3,774	1,652
Federal Home Loan Bank stock, at cost	2,408	2,408
Intangible assets, net	1,623	1,732
Bank owned life insurance	15,839	15,725
Other assets	7,475	7,501
Total assets	985,568	986,153
Demand	74,249	66,686
Savings and interest checking	107,365	107,218
Money market	302,079	275,437
Time	321,716	351,091
Total deposits	805,409	800,432
Federal Home Loan Bank advances	30,046	30,075
Subordinated debt	23,393	23,331
Capital lease obligation	1,066	1,128
Other liabilities	14,101	14,596
Total liabilities	874,015	869,562
Commitments and contingencies
Preferred stock, $1.00 par value, 1,000,000 shares authorized; no shares issued and outstanding at September 30, 2016 and June 30, 2016
Additional paid-in capital	76,765	83,020
Retained earnings	27,818	26,160
Accumulated other comprehensive loss	(1,861)	(1,906)
Total shareholders' equity	111,553	116,591
Total liabilities and shareholders' equity	$ 985,568	$ 986,153

Consolidated Balance Sheets (C3

Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - $ / shares	Sep. 30, 2016	Jun. 30, 2016
Voting Common Stock [Member]
Common stock, par value (in dollars per share)	$ 1	$ 1
Common stock, shares authorized (in shares)	25,000,000	25,000,000
Common stock, shares issued (in shares)	7,487,552	8,089,790
Common stock, shares outstanding (in shares)	7,487,552	8,089,790
Nonvoting Common Stock [Member]
Common stock, par value (in dollars per share)	$ 1	$ 1
Common stock, shares authorized (in shares)	3,000,000	3,000,000
Common stock, shares issued (in shares)	1,343,683	1,227,683
Common stock, shares outstanding (in shares)	1,343,683	1,227,683
Preferred stock, par value (in dollars per share)	$ 1	$ 1
Preferred stock, shares authorized (in shares)	1,000,000	1,000,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0

Consolidated Statements of Inco

Consolidated Statements of Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Interest and dividend income:
Interest and fees on loans	$ 11,803	$ 10,790
Interest on available-for-sale securities	239	228
Other interest and dividend income	215	95
Total interest and dividend income	12,257	11,113
Interest expense:
Deposits	1,754	1,365
Federal Home Loan Bank advances	255	260
Wholesale repurchase agreements		67
Short-term borrowings		9
Subordinated debt	459	154
Obligation under capital lease agreements	14	17
Total interest expense	2,482	1,872
Net interest and dividend income before provision for loan losses	9,775	9,241
Provision for loan losses	193	169
Net interest and dividend income after provision for loan losses	9,582	9,072
Noninterest income:
Fees for other services to customers	408	408
Gain on sales of residential loans held for sale	542	560
Gain on sales of SBA loans	743	675
Loss recognized on real estate owned and other repossessed collateral, net	(14)	(59)
Bank-owned life insurance income	114	112
Other noninterest income	15	9
Total noninterest income	1,808	1,705
Noninterest expense:
Salaries and employee benefits	5,314	4,256
Occupancy and equipment expense	1,229	1,290
Professional fees	496	430
Data processing fees	421	349
Marketing expense	87	70
Loan acquisition and collection expense	227	451
FDIC insurance premiums	124	114
Intangible asset amortization	109	131
Other noninterest expense	619	719
Total noninterest expense	8,626	7,810
Income before income tax expense	2,764	2,967
Income tax expense	1,013	1,100
Net income	$ 1,751	$ 1,867
Weighted-average shares outstanding:
Basic (in shares)	9,106,144	9,562,812
Diluted (in shares)	9,133,383	9,562,812
Earnings per common share:
Basic (in dollars per share)	$ 0.19	$ 0.20
Diluted (in dollars per share)	0.19	0.20
Dividends per share (in dollars per share)	$ 0.01	$ 0.01

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Net income	$ 1,751	$ 1,867
Other comprehensive income (loss), before tax:
Change in net unrealized (loss) gain on available-for-sale securities	(78)	466
Change in accumulated gain (loss) on effective cash flow hedges	154	(838)
Reclassification adjustments included in net income
Total derivatives and hedging activities	154	(838)
Total other comprehensive income (loss), before tax	76	(372)
Income tax (benefit) expense related to other comprehensive loss	31	(141)
Other comprehensive income (loss), net of tax	45	(231)
Comprehensive income	$ 1,796	$ 1,636

Consolidated Statements of Chan

Consolidated Statements of Changes in Shareholders' Equity (Unaudited) - USD ($) $ in Thousands	Common Stock [Member]Voting Common Stock [Member]	Common Stock [Member]Nonvoting Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]	Total
Balance (in shares) at Jun. 30, 2015	8,575,144	1,012,739
Balance at Jun. 30, 2015	$ 8,575	$ 1,013	$ 85,506	$ 18,921	$ (1,288)	$ 112,727
Net income				1,867		1,867
Other comprehensive loss, net of tax					(231)	(231)
Common stock repurchased (in shares)	(52,500)
Common stock repurchased	$ (53)		(495)			(548)
Conversion of voting common stock to non- voting common stock (in shares)	(9,978)	9,978
Conversion of voting common stock to non- voting common stock	$ (10)	$ 10
Dividends on common stock at $0.01 per share				(95)		(95)
Stock-based compensation			(16)			(16)
Issuance of restricted common stock (in shares)	97,500
Issuance of restricted common stock	$ 98		(98)
Cancellation and forfeiture of restricted common stock (in shares)	(40,554)
Cancellation and forfeiture of restricted common stock	$ (40)		40
Balance (in shares) at Sep. 30, 2015	8,569,612	1,022,717
Balance at Sep. 30, 2015	$ 8,570	$ 1,023	84,937	20,693	(1,519)	113,704
Cancellation and forfeiture of restricted common stock (in shares)	40,554
Balance (in shares) at Jun. 30, 2016	8,089,790	1,227,683
Balance at Jun. 30, 2016	$ 8,089	$ 1,228	83,020	26,160	(1,906)	116,591
Net income				1,751		1,751
Other comprehensive loss, net of tax					45	45
Common stock repurchased (in shares)	(645,238)
Common stock repurchased	$ (645)		(6,298)			(6,943)
Conversion of voting common stock to non- voting common stock (in shares)	(116,000)	116,000
Conversion of voting common stock to non- voting common stock	$ (116)	$ 116
Dividends on common stock at $0.01 per share				(93)		(93)
Stock-based compensation			202			202
Issuance of restricted common stock (in shares)	160,000
Issuance of restricted common stock	$ 160		(160)
Cancellation and forfeiture of restricted common stock (in shares)	1,000
Cancellation and forfeiture of restricted common stock	$ (1)		1
Balance (in shares) at Sep. 30, 2016	7,487,552	1,343,683
Balance at Sep. 30, 2016	$ 7,487	$ 1,344	$ 76,765	$ 27,818	$ (1,861)	$ 111,553
Cancellation and forfeiture of restricted common stock (in shares)	(1,000)

Consolidated Statements of Cha7

Consolidated Statements of Changes in Shareholders' Equity (Unaudited) (Parentheticals) - $ / shares	3 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Retained Earnings [Member]
Dividends per share (in dollars per share)	$ 0.01	$ 0.01
Dividends per share (in dollars per share)	$ 0.01	$ 0.01

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Loans Location [Member]
Adjustments to reconcile net income to net cash used in operating activities:
Accretion of fair value adjustments	$ (2,133)	$ (2,248)
Deposits Location [Member]
Adjustments to reconcile net income to net cash used in operating activities:
Accretion of fair value adjustments	(1)	(3)
Borrowing Location [Member]
Adjustments to reconcile net income to net cash used in operating activities:
Accretion of fair value adjustments	(29)	(18)
Net income	1,751	1,867
Provision for loan losses	193	169
Loss on sale and impairment of real estate owned and other repossessed collateral, net	13	53
Loss on sale and disposal of premises and equipment, net	1	6
Amortization of subordinated debt issuance costs	62
Originations of loans held for sale	(33,459)	(26,877)
Net proceeds from sales of loans held for sale	33,758	35,318
Gain on sales of residential loans held for sale	(542)	(560)
Gain on sales of SBA loans held for sale	(743)	(675)
Intangible asset amortization	109	131
Bank-owned life insurance income, net	(114)	(112)
Depreciation of premises and equipment	395	405
Stock-based compensation	202	(16)
Amortization of available-for-sale securities, net	286	222
Changes in other assets and liabilities:
Other assets	(15)	521
Other liabilities	(345)	(3,059)
Net cash (used in) provided by operating activities	(611)	5,124
Investing activities:
Purchases of available-for-sale securities	(9,056)	(5,000)
Proceeds from maturities and principal payments on available-for-sale securities	14,681	5,808
Loan purchases	(13,853)	(23,458)
Loan originations, principal collections, and purchased loan paydowns, net	(13,969)	5,712
Purchases and disposals of premises and equipment, net	(47)	(618)
Proceeds from sales of real estate owned and other repossessed collateral	67	642
Net cash used in investing activities	(22,177)	(16,914)
Financing activities:
Net increase in deposits	4,978	18,722
Net increase (decrease) in short-term borrowings		130
Repurchase of common stock	(6,943)	(548)
Dividends paid on common stock	(93)	(95)
Repayment of wholesale repurchase agreements		(10,000)
Repayment of capital lease obligation	(62)	(56)
Net cash (used in) provided by financing activities	(2,120)	8,153
Net decrease in cash and cash equivalents	(24,908)	(3,637)
Cash and cash equivalents, beginning of period	151,157	89,850
Cash and cash equivalents, end of period	126,249	86,213
Supplemental schedule of noncash investing activities:
Transfers from loans to real estate owned and other repossessed collateral	$ 2,188	$ 323

Note 1 - Basis of Presentation

Note 1 - Basis of Presentation	3 Months Ended
	Sep. 30, 2016
Notes to Financial Statements
Basis of Accounting [Text Block]	1. Basis of Presentation The accompanying unaudited condensed and consolidated interim financial statements include the accounts of Northeast Bancorp (“Northeast” or the “Company”) and its wholly-owned subsidiary, Northeast Bank (the “Bank”). These financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“US GAAP”) for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and notes required by GAAP for complete financial statements. In the opinion of management, the accompanying consolidated financial statements contain all adjustments (consisting principally of normal recurring accruals) considered necessary for a fair presentation of the Company's financial position, results of operations, and cash flows for the interim periods presented. These financial statements and notes should be read in conjunction with the audited consolidated financial statements and notes thereto for the fiscal year ended June 30, 2016 (“Fiscal 2016”) included in the Company's Annual Report on Form 10-K filed with the Securities and Exchange Commission.

Note 2 - Recent Accounting Pron

Note 2 - Recent Accounting Pronouncements	3 Months Ended
	Sep. 30, 2016
Notes to Financial Statements
New Accounting Pronouncements and Changes in Accounting Principles [Text Block]	2. Recent Accounting Pronouncements In May 2014, the Financial Accounting Standards Board (“FASB”) issued ASU 2014-09, Revenue from Contracts with Customers (Topic 606) 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 2016-05, Derivatives and Hedging (Topic 815): Effect of Derivative Contract Novations on Existing Hedge Accounting Relationships In March 2016, the FASB issued ASU 2016-09, Compensation-Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting In June 2016, the FASB issued ASU 2016-13, Financial Instruments – Credit Losses (Topic 326) In August 2016, the FASB issued ASU 2016-15, Statement of Cash Flows (Topic 230)

Note 3 - Securities Available-f

Note 3 - Securities Available-for-sale	3 Months Ended
	Sep. 30, 2016
Notes to Financial Statements
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block]	3. Securities Available-for-Sale The following presents a summary of the amortized cost, gross unrealized holding gains and losses, and fair value of securities available for sale. September 30, 2016 Amortized Gross Unrealized Gross Unrealized Fair Cost Gains Losses Value (Dollars in thousands) U.S. Government agency securities $ 48,856 $ 24 $ (31 ) $ 48,849 Agency mortgage-backed securities 40,483 117 (29 ) 40,571 Other investment measured at net asset value 5,125 38 - 5,163 $ 94,464 $ 179 $ (60 ) $ 94,583 June 30, 2016 Amortized Gross Unrealized Gross Unrealized Fair Cost Gains Losses Value (Dollars in thousands) U.S. Government agency securities $ 51,948 $ 98 $ - $ 52,046 Agency mortgage-backed securities 43,330 90 (52 ) 43,368 Other investment measured at net asset value 5,097 61 - 5,158 $ 100,375 $ 249 $ (52 ) $ 100,572 When securities are sold, the adjusted cost of the specific security sold is used to compute the gain or loss on sale. There were no securities sold during the three months ended September 30, 2016 or 2015. At September 30, 2016, no investment securities were pledged as collateral to secure outstanding borrowings. The following summarizes the Company’s gross unrealized losses and fair values aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position. September 30, 2016 Less than 12 Months More than 12 Months Total Fair Unrealized Fair Unrealized Fair Unrealized Value Losses Value Losses Value Losses (Dollars in thousands) U.S. Government agency securities $ 36,671 $ (31 ) $ - $ - $ 36,671 $ (31 ) Agency mortgage-backed securities 2,082 (1 ) 15,780 (28 ) 17,862 (29 ) Other investment measured at net asset value - - - - - - $ 38,753 $ (32 ) $ 15,780 $ (28 ) $ 54,533 $ (60 ) June 30, 2016 Less than 12 Months More than 12 Months Total Fair Unrealized Fair Unrealized Fair Unrealized Value Losses Value Losses Value Losses (Dollars in thousands) U.S. Government agency securities $ - $ - $ - $ - $ - $ - Agency mortgage-backed securities - - 25,350 (52 ) 25,350 (52 ) Other investment measured at net asset value - - - - - - $ - $ - $ 25,350 $ (52 ) $ 25,350 $ (52 ) There were no other-than-temporary impairment losses on securities during the three months ended September 30, 2016 or 2015. At September 30, 2016, the Company had seven securities in a continuous loss position for greater than twelve months. At September 30, 2016, all of the Company’s available-for-sale securities were issued or guaranteed by either government agencies or government-sponsored enterprises. The decline in fair value of the Company’s available-for-sale securities at September 30, 2016 is attributable to changes in interest rates. In addition to considering current trends and economic conditions that may affect the quality of individual securities within the Company’s investment portfolio, management of the Company also considers the Company’s ability and intent to hold such securities to maturity or recovery of cost. At September 30, 2016, the Company does not intend to sell and it is not more likely than not that the Company will be required to sell the investment securities before recovery of its amortized cost. As such, management does not believe any of the Company’s available-for-sale securities are other-than-temporarily impaired at September 30, 2016. The investment measured at net asset value is a fund that seeks to invest in securities either issued or guaranteed by the U.S. government or its agencies. The underlying composition of such fund is primarily government agencies or other investment-grade investments. The effective duration of the investments is 4.67 years at September 30, 2016. The amortized cost and fair values of available-for-sale debt securities by contractual maturity are shown below as of September 30, 2016. Actual maturities may differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. Amortized Fair Cost Value (Dollars in thousands) Due within one year $ - $ - Due after one year through five years 48,856 48,849 Due after five years through ten years 18,104 18,217 Due after ten years 22,379 22,354 Total $ 89,339 $ 89,420

Note 4 - Loans, Allowance for L

Note 4 - Loans, Allowance for Loan Losses and Credit Quality	3 Months Ended
	Sep. 30, 2016
Notes to Financial Statements
Financing Receivables [Text Block]	4. Loans, Allowance for Loan Losses and Credit Quality Loans are carried at the principal amounts outstanding, or amortized acquired fair value in the case of acquired loans, adjusted by partial charge-offs and net of deferred loan costs or fees. Loan fees and certain direct origination costs are deferred and amortized into interest income over the expected term of the loan using the level-yield method. When a loan is paid off, the unamortized portion is recognized in interest income. Interest income is accrued based upon the daily principal amount outstanding except for loans on nonaccrual status. Loans purchased by the Company are accounted for under ASC 310-30, Receivables—Loans and Debt Securities Acquired with Deteriorated Credit Quality ("ASC 310-30"). At acquisition, the effective interest rate is determined based on the discount rate that equates the present value of the Company's estimate of cash flows with the purchase price of the loan. Prepayments are not assumed in determining a purchased loan's effective interest rate and income accretion. The application of ASC 310-30 limits the yield that may be accreted on the purchased loan, or the "accretable yield," to the excess of the Company's estimate, at acquisition, of the expected undiscounted principal, interest, and other cash flows over the Company's initial investment in the loan. The excess of contractually required payments receivable over the cash flows expected to be collected on the loan represents the purchased loan's "nonaccretable difference." Subsequent improvements in expected cash flows of loans with nonaccretable differences result in a prospective increase to the loan's effective yield through a reclassification of some, or all, of the nonaccretable difference to accretable yield. The effect of subsequent credit-related declines in expected cash flows of purchased loans are recorded through a specific allocation in the allowance for loan losses. Loans are generally placed on nonaccrual status when they are past due 90 days as to either principal or interest, or when in management's judgment the collectability of interest or principal of the loan has been significantly impaired. Loans accounted for under ASC 310-30 are placed on nonaccrual when it is not possible to reach a reasonable expectation of the timing and amount of cash flows to be collected on the loan. When a loan has been placed on nonaccrual status, previously accrued and uncollected interest is reversed against interest on loans. Interest on nonaccrual loans is accounted for on a cash-basis or using the cost-recovery method when collectability is doubtful. A loan is returned to accrual status when collectability of principal is reasonably assured and the loan has performed for a reasonable period of time. In cases where a borrower experiences financial difficulties and the Company makes certain concessionary modifications to contractual terms, the loan is classified as a troubled debt restructuring ("TDR"), and therefore by definition is an impaired loan. Concessionary modifications may include adjustments to interest rates, extensions of maturity, and other actions intended to minimize economic loss and avoid foreclosure or repossession of collateral. For loans accounted for under ASC 310-30, the Company evaluates whether it has granted a concession by comparing the restructured debt terms to the expected cash flows at acquisition plus any additional cash flows expected to be collected arising from changes in estimate after acquisition. As a result, if an ASC 310-30 loan is modified to be consistent with, or better than, the Company's expectations at acquisition, the modified loan would not qualify as a TDR. Nonaccrual loans that are restructured generally remain on nonaccrual status for a minimum period of six months to demonstrate that the borrower can meet the restructured terms. If the restructured loan is on accrual status prior to being modified, it is reviewed to determine if the modified loan should remain on accrual status. If the borrower's ability to meet the revised payment schedule is not reasonably assured, the loan is classified as a nonaccrual loan. With limited exceptions, loans classified as TDRs remain classified as such until the loan is paid off. The composition of the Company’s loan portfolio is as follows on the dates indicated. September 30, 2016 June 30, 2016 Originated Purchased Total Originated Purchased Total (Dollars in thousands) Residential real estate $ 90,230 $ 2,895 $ 93,125 $ 93,391 $ 2,559 $ 95,950 Home equity 17,098 - 17,098 18,012 - 18,012 Commercial real estate 218,236 231,317 449,553 189,616 236,952 426,568 Commercial and industrial 154,008 2,102 156,110 145,758 198 145,956 Consumer 5,532 - 5,532 5,950 - 5,950 Total loans $ 485,104 $ 236,314 $ 721,418 $ 452,727 $ 239,709 $ 692,436 Total loans include deferred loan origination costs of $367 thousand and fees of $58 thousand as of September 30, 2016 and June 30, 2016, respectively. Past Due and Nonaccrual Loans The following is a summary of past due and non-accrual loans: September 30, 2016 Past Due Past Due 90 Days or 90 Days or Total Non- 30-59 60-89 More-Still More- Past Total Total Accrual Days Days Accruing Nonaccrual Due Current Loans Loans (Dollars in thousands) Originated portfolio: Residential real estate $ 75 $ 637 $ - $ 2,367 $ 3,079 $ 87,151 $ 90,230 $ 3,273 Home equity 50 - - 48 98 17,000 17,098 48 Commercial real estate 256 - - 94 350 217,886 218,236 361 Commercial and industrial - - - - - 154,008 154,008 347 Consumer 92 8 - 95 195 5,337 5,532 121 Total originated portfolio 473 645 - 2,604 3,722 481,382 485,104 4,150 Purchased portfolio: Residential real estate 1,108 - - - 1,108 1,787 2,895 1,107 Commercial and industrial - 93 - - 93 2,009 2,102 48 Commercial real estate 179 1,411 - 3,269 4,859 226,458 231,317 3,618 Total purchased portfolio 1,287 1,504 - 3,269 6,060 230,254 236,314 4,773 Total loans $ 1,760 $ 2,149 $ - $ 5,873 $ 9,782 $ 711,636 $ 721,418 $ 8,923 June 30, 2016 Past Due Past Due 90 Days or 90 Days or Total Non- 30-59 60-89 More-Still More- Past Total Total Accrual Days Days Accruing Nonaccrual Due Current Loans Loans (Dollars in thousands) Originated portfolio: Residential real estate $ 302 $ 910 $ - $ 1,555 $ 2,767 $ 90,624 $ 93,391 $ 2,613 Home equity 146 - - 48 194 17,818 18,012 48 Commercial real estate 132 - - 188 320 189,296 189,616 474 Commercial and industrial - - - 15 15 145,743 145,758 17 Consumer 73 56 - 74 203 5,747 5,950 163 Total originated portfolio 653 966 - 1,880 3,499 449,228 452,727 3,315 Purchased portfolio: Residential real estate - - - - - 2,559 2,559 1,125 Commercial and industrial - - - - - 198 198 - Commercial real estate - 19 - 3,387 3,406 233,546 236,952 3,387 Total purchased portfolio - 19 - 3,387 3,406 236,303 239,709 4,512 Total loans $ 653 $ 985 $ - $ 5,267 $ 6,905 $ 685,531 $ 692,436 $ 7,827 Allowance for Loan Losses and Impaired Loans The allowance for loan losses is established as losses are estimated to have occurred through a provision for loan losses charged to earnings. For residential and consumer loans, a charge-off is recorded no later than the point at which a loan is 180 days past due if the loan balance exceeds the fair value of the collateral, less costs to sell. For commercial loans, a charge-off is recorded on a case-by-case basis when all or a portion of the loan is deemed to be uncollectible. Subsequent recoveries, if any, are credited to the allowance. The allowance for loan losses consists of general, specific, and unallocated reserves and reflects management’s estimate of probable loan losses inherent in the loan portfolio at the balance sheet date. Management uses a consistent and systematic process and methodology to evaluate the appropriateness of the allowance for loan losses on a quarterly basis. The calculation of the allowance for loan losses is segregated by portfolio segments, which include: commercial real estate, commercial and industrial, consumer, residential real estate, and purchased loans. Risk characteristics relevant to each portfolio segment are as follows: Residential real estate: All loans in this segment are collateralized by residential real estate and repayment is primarily dependent on the credit quality, loan-to-value ratio and income of the individual borrower. The overall health of the economy, particularly unemployment rates and housing prices, has a significant effect on the credit quality in this segment. For purposes of the Company’s allowance for loan loss calculation, home equity loans and lines of credit are included in residential real estate. Commercial real estate: Loans in this segment are primarily income-producing properties. For owner-occupied properties, the cash flows are derived from an operating business, and the underlying cash flows may be adversely affected by deterioration in the financial condition of the operating business. The underlying cash flows generated by non-owner occupied properties may be adversely affected by increased vacancy rates. Management periodically obtains rent rolls, with which it monitors the cash flows of these loans. Adverse developments in either of these areas will have an adverse effect on the credit quality of this segment. For purposes of the allowance for loan losses, this segment also includes construction loans. Commercial and industrial: Loans in this segment are made to businesses and are generally secured by the assets of the business. Repayment is expected from the cash flows of the business. Weakness in national or regional economic conditions, and a corresponding weakness in consumer or business spending, will have an adverse effect on the credit quality of this segment. Consumer: Loans in this segment are generally secured, and repayment is dependent on the credit quality of the individual borrower. Repayment of consumer loans is generally based on the earnings of individual borrowers, which may be adversely impacted by regional labor market conditions. Purchased: Loans in this segment are typically secured by commercial real estate, multi-family residential real estate, or business assets and have been acquired by the Bank's Loan Acquisition and Servicing Group (“LASG”). Loans acquired by the LASG are, with limited exceptions, performing loans at the date of purchase. Repayment of loans in this segment is largely dependent on cash flow from the successful operation of the property, in the case of non-owner occupied property, or operating business, in the case of owner-occupied property. Loan performance may be adversely affected by factors affecting the general economy or conditions specific to the real estate market, such as geographic location or property type. Loans in this segment are evaluated for impairment under ASC 310-30. The Company reviews expected cash flows from purchased loans on a quarterly basis. The effect of a decline in expected cash flows subsequent to the acquisition of the loan is recognized through a specific allocation in the allowance for loan losses The general component of the allowance for loan losses for originated loans is based on historical loss experience adjusted for qualitative factors stratified by loan segment. The Company does not weight periods used in that analysis to determine the average loss rate in each portfolio segment. This historical loss factor is adjusted for the following qualitative factors: ● Levels and trends in delinquencies; ● Trends in the volume and nature of loans; ● Trends in credit terms and policies, including underwriting standards, procedures and practices, and the experience and ability of lending management and staff; ● Trends in portfolio concentration; ● National and local economic trends and conditions; ● Effects of changes or trends in internal risk ratings; and ● Other effects resulting from trends in the valuation of underlying collateral. The allocated component of the allowance for loan losses 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. 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. For all portfolio segments, except loans accounted for under ASC 310-30, 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. 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. For the purchased loan segment, a loan is considered impaired when, based on current information and events, it is probable that the Company will be unable to realize cash flows as expected at acquisition. For loans accounted for under ASC 310-30 for which cash flows can reasonably be estimated, loan impairment is measured based on the decrease in expected cash flows from those estimated at acquisition, excluding changes due to changes in interest rate indices and other non-credit related factors, discounted at the loan’s effective rate assumed at acquisition. Factors considered by management in determining impairment include payment status, collateral value, and the probability of collecting the scheduled principal and interest payments when due. The following table sets forth activity in the Company’s allowance for loan losses. Three Months Ended September 30, 2016 Residential Commercial Commercial Real Estate Real Estate and Industrial Consumer Purchased Unallocated Total (Dollars in thousands) Beginning balance $ 663 $ 1,195 $ 297 $ 62 $ 133 $ - $ 2,350 Provision (99 ) 226 17 24 25 - 193 Recoveries 2 - 5 11 - - 18 Charge-offs (25 ) - (1 ) (29 ) - - (55 ) Ending balance $ 541 $ 1,421 $ 318 $ 68 $ 158 $ - $ 2,506 Three Months Ended September 30, 2015 Residential Commercial Commercial Real Estate Real Estate and Industrial Consumer Purchased Unallocated Total (Dollars in thousands) Beginning balance $ 741 $ 694 $ 117 $ 35 $ 283 $ 56 $ 1,926 Provision (21 ) 62 16 31 81 - 169 Recoveries 12 5 1 2 - - 20 Charge-offs - (28 ) - (22 ) - - (50 ) Ending balance $ 732 $ 733 $ 134 $ 46 $ 364 $ 56 $ 2,065 The following table sets forth information regarding the allowance for loan losses by portfolio segment and impairment methodology. September 30, 2016 Residential Commercial Commercial Real Estate Real Estate and Industrial Consumer Purchased Unallocated Total (Dollars in thousands) Allowance for loan losses: Individually evaluated $ 326 $ 50 $ 2 $ 22 $ - $ - $ 400 Collectively evaluated 215 1,371 316 46 - - 1,948 ASC 310-30 - - - - 158 - 158 Total $ 541 $ 1,421 $ 318 $ 68 $ 158 $ - $ 2,506 Loans: Individually evaluated $ 5,790 $ 1,565 $ 346 $ 330 $ - $ - $ 8,031 Collectively evaluated 101,538 216,671 153,662 5,202 - - 477,073 ASC 310-30 - - - - 236,314 - 236,314 Total $ 107,328 $ 218,236 $ 154,008 $ 5,532 $ 236,314 $ - $ 721,418 June 30, 2016 Residential Commercial Commercial Real Estate Real Estate and Industrial Consumer Purchased Unallocated Total (Dollars in thousands) Allowance for loan losses: Individually evaluated $ 386 $ 59 $ 2 $ 23 $ - $ - $ 470 Collectively evaluated 277 1,136 295 39 - - 1,747 ASC 310-30 - - - - 133 - 133 Total $ 663 $ 1,195 $ 297 $ 62 $ 133 $ - $ 2,350 Loans: Individually evaluated $ 5,039 $ 1,686 $ 17 $ 362 $ - $ - $ 7,104 Collectively evaluated 106,364 187,930 145,741 5,588 - - 445,623 ASC 310-30 - - - - 239,709 - 239,709 Total $ 111,403 $ 189,616 $ 145,758 $ 5,950 $ 239,709 $ - $ 692,436 The following table sets forth information regarding impaired loans. Loans accounted for under ASC 310-30 that have performed based on cash flow and accretable yield expectations determined at date of acquisition are not considered impaired assets and have been excluded from the tables below. September 30, 2016 June 30, 2016 Unpaid Unpaid Recorded Principal Related Recorded Principal Related Investment Balance Allowance Investment Balance Allowance (Dollars in thousands) Impaired loans without a valuation allowance: Originated: Residential real estate $ 4,268 $ 4,320 $ - $ 3,192 $ 3,299 $ - Consumer 228 263 - 257 282 - Commercial real estate 443 445 - 451 453 - Commercial and industrial 344 344 - 15 15 - Purchased: Residential real estate 1,108 1,150 - 1,125 1,125 - Commercial real estate 4,897 5,939 - 4,574 4,886 - Commercial and industrial 48 88 - - - - Total 11,336 12,549 - 9,614 10,060 - Impaired loans with a valuation allowance: Originated: Residential real estate 1,522 1,510 326 1,847 1,802 386 Consumer 102 114 22 105 112 23 Commercial real estate 1,122 1,114 50 1,235 1,223 59 Commercial and industrial 2 2 2 2 2 2 Purchased: Commercial real estate 1,574 1,865 111 1,484 1,812 66 Total 4,322 4,605 511 4,673 4,951 536 Total impaired loans $ 15,658 $ 17,154 $ 511 $ 14,287 $ 15,011 $ 536 The following tables set forth information regarding interest income recognized on impaired loans. Three Months Ended September 30, 2016 2015 Average Interest Average Interest Recorded Income Recorded Income Investment Recognized Investment Recognized (Dollars in thousands) Impaired loans without a valuation allowance: Originated: Residential real estate $ 3,730 $ 49 $ 2,520 $ 39 Consumer 243 3 290 5 Commercial real estate 447 8 1,200 7 Commercial and industrial 180 3 2 - Purchased: Residential real estate 1,117 3 - - Commercial real estate 4,736 52 7,842 14 Commercial and industrial 24 - - - Total 10,477 118 11,854 65 Impaired loans with a valuation allowance: Originated: Residential real estate 1,685 16 2,064 23 Consumer 104 2 23 1 Commercial real estate 1,179 18 924 12 Commercial and industrial 2 - - - Purchased: Commercial real estate 1,529 17 1,976 36 Total 4,499 53 4,987 72 Total impaired loans $ 14,976 $ 171 $ 16,841 $ 137 Credit Quality The Company utilizes a ten-point internal loan rating system for commercial real estate, construction, commercial and industrial, and certain residential loans as follows: Loans rated 1 — 6: Loans in these categories are considered “pass” rated loans. Loans in categories 1-5 are considered to have low to average risk. Loans rated 6 are considered marginally acceptable business credits and have more than average risk. Loans rated 7: Loans in this category are considered “special mention.” These loans show signs of potential weakness and are being closely monitored by management. Loans rated 8: Loans in this category are considered “substandard.” Loans classified as substandard are inadequately protected by the current sound worth and paying capacity of the obligor or of the collateral pledged, if any. Assets so classified have a well-defined weakness or weaknesses that jeopardize the orderly repayment of the debt. Loans rated 9: Loans in this category are considered “doubtful.” Loans classified as doubtful have all the weaknesses inherent in one graded 8 with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions and values, highly questionable and improbable. Loans rated 10: Loans in this category are considered “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 of all loans subject to risk ratings. Semi-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. Risk ratings on purchased loans, with and without evidence of credit deterioration at acquisition, are determined relative to the Company’s recorded investment in that loan, which may be significantly lower than the loan’s unpaid principal balance. The following tables present the Company’s loans by risk rating. September 30, 2016 Originated Portfolio Commercial Commercial Purchased Real Estate and Industrial Residential (1) Portfolio Total (Dollars in thousands) Loans rated 1- 6 $ 214,276 $ 153,599 $ 7,591 $ 224,071 $ 599,537 Loans rated 7 3,125 397 500 8,424 12,446 Loans rated 8 835 12 515 3,819 5,181 Loans rated 9 - - 23 - 23 Loans rated 10 - - - - - $ 218,236 $ 154,008 $ 8,629 $ 236,314 $ 617,187 June 30, 2016 Originated Portfolio Commercial Commercial Purchased Real Estate and Industrial Residential (1) Portfolio Total (Dollars in thousands) Loans rated 1- 6 $ 186,165 $ 142,451 $ 7,659 $ 227,895 $ 564,170 Loans rated 7 2,493 3,290 431 7,147 13,361 Loans rated 8 958 17 537 4,667 6,179 Loans rated 9 - - 23 - 23 Loans rated 10 - - - - - $ 189,616 $ 145,758 $ 8,650 $ 239,709 $ 583,733 (1) Certain of the Company’s loans made for commercial purposes, but secured by residential collateral, are rated under the Company’s risk-rating system. Troubled Debt Restructurings The following table shows the Company’s post-modification balance of TDRs by type of modification. Three Months Ended September 30, 2016 2015 Number of Recorded Number of Recorded Contracts Investment Contracts Investment (Dollars in thousands) Extended maturity - $ - - $ - Adjusted interest rate 1 9 - - Rate and maturity 1 334 - - Principal deferment - - - - Court ordered concession - - - - 2 $ 343 - $ - The following table shows loans modified in a TDR and the change in the recorded investment subsequent to the modifications occurring. Three Months Ended September 30, 2016 2015 Recorded Recorded Recorded Recorded Number of Investment Investment Number of Investment Investment Contracts Pre-Modification Post-Modification Contracts Pre-Modification Post-Modification (Dollars in thousands) Originated portfolio: Residential real estate 1 $ 9 $ 9 - $ - $ - Home equity - - - - - - Commercial real estate - - - - - - Commercial and industrial - - - - - - Consumer - - - - - - Total originated portfolio 1 9 9 - - - Purchased portfolio: Residential real estate - - - - - - Commercial real estate 1 334 334 - - - Total purchased portfolio 1 334 334 - - - Total 2 $ 343 $ 343 - $ - $ - The Company considers TDRs past due 90 days or more to be in payment default. No loans modified in a TDR in the last twelve months defaulted during the three months ended September 30, 2016. As of September 30, 2016, there were no further commitments to lend to borrowers associated with loans modified in a TDR. ASC 310-30 Loans The following tables present a summary of loans accounted for under ASC 310-30 that were acquired by the Company during the period indicated. Three Months Ended September 30, 2016 Three Months Ended September 30, 2015 (Dollars in thousands) Contractually required payments receivable $ 26,254 $ 31,276 Nonaccretable difference (2,517 ) (291 ) Cash flows expected to be collected 23,737 30,985 Accretable yield (9,884 ) (7,527 ) Fair value of loans acquired $ 13,853 $ 23,458 Certain of the loans accounted for under ASC 310-30 that were acquired by the Company are not accounted for using the income recognition model because the Company cannot reasonably estimate cash flows expected to be collected. These loans when acquired are placed on non-accrual. The carrying amounts of such loans are as follows. As of and for the Three Months Ended September 30, 2016 As of and for the Three Months Ended September 30, 2015 (Dollars in thousands) Loans acquired during the period $ 1,103 $ - Loans at end of period 4,439 6,826 The following tables summarize the activity in the accretable yield for loans accounted for under ASC 310-30. Three Months Ended September 30, 2016 Three Months Ended September 30, 2015 (Dollars in thousands) Beginning balance $ 124,151 $ 111,449 Acquisitions 9,884 7,527 Accretion (4,652 ) (3,755 ) Reclassifications from non-accretable difference to accretable yield (1,105 ) 277 Disposals and other changes (4,255 ) (5,883 ) Ending balance $ 124,023 $ 109,615 The following table provides information related to the unpaid principal balance and carrying amounts of ASC 310-30 loans. September 30, 2016 (1) June 30, 2016 (1) (Dollars in thousands) Unpaid principal balance $ 265,571 $ 267,985 Carrying amount 234,076 237,054 (1) Balances include loans held for sale of $789 thousand at September 30, 2016 and $0 at June 30, 2016.

Note 5 - Transfers and Servicin

Note 5 - Transfers and Servicing of Financial Assets	3 Months Ended
	Sep. 30, 2016
Notes to Financial Statements
Transfers and Servicing of Financial Assets [Text Block]	5. Transfers and Servicing of Financial Assets The Company sells loans in the secondary market and for certain loans, retains the servicing responsibility. Consideration for the sale includes the cash received as well as the related servicing rights asset. The Company receives fees for the services provided. Capitalized servicing rights as of September 30, 2016 totaled $2.2 million, compared to $1.8 million as of June 30, 2016, included in other assets on the consolidated balance sheets. Mortgage loans sold in the quarter ended September 30, 2016 totaled $25.0 million, compared to $28.9 million in the quarter ended September 30, 2015. Mortgage loans serviced for others totaled $12.5 million at September 30, 2016 and $12.9 million at June 30, 2016. Additionally, the Company was servicing commercial loans participated out to various other institutions amounting to $33.2 million and $35.9 million at September 30, 2016 and June 30, 2016, respectively. SBA loans sold during the quarter ended September 30, 2016 totaled $7.4 million, compared to $5.5 million in the quarter September 30, 2015. SBA loans serviced for others totaled $103.6 million at September 30, 2016 and $80.8 million at June 30, 2016. Mortgage and SBA loans serviced for others are accounted for as sales and therefore are not included in the accompanying consolidated balance sheets. The risks inherent in mortgage servicing assets and SBA servicing assets relate primarily to changes in prepayments that result from shifts in interest rates. Contractually specified servicing fees were $160 thousand and $149 thousand for the quarters ended September 30, 2016 and 2015, respectively, and were included as a component of loan related fees within non-interest income. The significant assumptions used in the valuation for mortgage servicing rights as of September 30, 2016 included a weighted average discount rate of 5.5% and a weighted average prepayment speed assumption of 18.7%. For the SBA servicing rights, the significant assumptions used in the valuation included a range of discount rates from 8.5% to 14.1% and a weighted average prepayment speed assumption of 7.7%

Note 6 - Earnings Per Share (EP

Note 6 - Earnings Per Share (EPS)	3 Months Ended
	Sep. 30, 2016
Notes to Financial Statements
Earnings Per Share [Text Block]	6 . Earnings Per Share (EPS) EPS is computed by dividing net income allocated to common shareholders by the weighted average common shares outstanding (including participating securities). The Company’s only participating securities are unvested restricted stock awards that contain non-forfeitable rights to dividends. The following table shows the weighted average number of shares outstanding for the periods indicated. Shares issuable relative to stock options granted have been reflected as an increase in the shares outstanding used to calculate diluted EPS, after applying the treasury stock method. The number of shares outstanding for basic and diluted EPS is presented as follows: Three Months Ended September 30, 2016 2015 (Dollars in thousands, except share and per share data) Net income $ 1,751 $ 1,867 Preferred stock dividends or accretion - - Net income available to common shareholders $ 1,751 $ 1,867 Weighted average shares used in calculation of basic EPS 9,106,144 9,562,812 Incremental shares from assumed exercise of dilutive securities 27,239 - Weighted average shares used in calculation of diluted EPS 9,133,383 9,562,812 Earnings per common share: Basic $ 0.19 $ 0.20 Diluted 0.19 0.20 For the three months ended September 30, 2016 and 2015, the following stock options were excluded from the calculation of diluted EPS due to the exercise price of these options exceeding the average market price of the Company’s common stock for the period. These options, which were not dilutive at that date, may potentially dilute EPS in the future. Three Months Ended September 30, 2016 2015 Stock options 714,545 980,269

Note 7 - Derivatives and Hedgin

Note 7 - Derivatives and Hedging Activities	3 Months Ended
	Sep. 30, 2016
Notes to Financial Statements
Derivative Instruments and Hedging Activities Disclosure [Text Block]	7. Derivatives and Hedging Activities The Company has stand-alone derivative financial instruments in the form of interest rate caps that derive their value from a fee paid and are adjusted to fair value based on index and strike rate, and swap agreements that derive their value from the underlying interest rate. These transactions involve both credit and market risk. The notional amounts are amounts on which calculations, payments and the value of the derivative are based. Notional amounts do not represent direct credit exposures. Direct credit exposure arises in the event of nonperformance by the counterparties to these agreements, and is limited to the net difference between the calculated amounts to be received and paid, if any. Such differences, which represent the fair value of the derivative instruments, are reflected on the Company's balance sheet as derivative assets and derivative liabilities. The Company controls the credit risk of its financial contracts through credit approvals, limits and monitoring procedures, and does not expect any counterparties to fail to meet their obligations. The Company currently holds derivative instruments that contain credit-risk related features that are in a net liability position, which may require that collateral be assigned to dealer banks. At September 30, 2016, the Company had posted cash collateral totaling $3.1 million with dealer banks related to derivative instruments in a net liability position. The Company does not offset fair value amounts recognized for derivative instruments. The Company does not net the amount recognized for the right to reclaim cash collateral against the obligation to return cash collateral arising from derivative instruments executed with the same counterparty under a master netting arrangement. Risk Management Policies—Derivative Instruments The Company evaluates the effectiveness of entering into any derivative instrument agreement by measuring the cost of such an agreement in relation to the reduction in net income volatility within an assumed range of interest rates. Interest Rate Risk Management—Cash Flow Hedging Instruments The Company uses variable rate debt as a source of funds for use in the Company's lending and investment activities and other general business purposes. These debt obligations expose the Company to variability in interest payments due to changes in interest rates. If interest rates increase, interest expense increases. Conversely, if interest rates decrease, interest expense decreases. Management believes it is prudent to limit the variability of a portion of its interest payments and, therefore, generally hedges a portion of its variable-rate interest payments. Information pertaining to outstanding interest rate caps and swap agreements used to hedge variable rate debt is as follows. September 30, 2016 Notional Amount Inception Date Termination Date Index Receive Rate Pay Rate Strike Rate Unrealized Loss Fair Value Balance Sheet Location (Dollars in thousands) Interest rate swaps: $ 5,000 July 2013 July 2033 3 Mo. LIBOR 0.85 % 3.38 % n/a $ (1,314 ) $ (1,314 ) Other Liabilities 5,000 July 2013 July 2028 3 Mo. LIBOR 0.85 % 3.23 % n/a (947 ) (947 ) Other Liabilities 5,000 July 2013 July 2023 3 Mo. LIBOR 0.85 % 2.77 % n/a (493 ) (493 ) Other Liabilities Interest rate caps: 6,000 October 2014 September 2019 3 Mo. LIBOR n/a n/a 2.50 % (170 ) 7 Other Assets 10,000 March 2015 February 2020 3 Mo. LIBOR n/a n/a 2.50 % (198 ) 18 Other Assets $ 31,000 $ (3,122 ) $ (2,729 ) June 30, 2016 Notional Amount Inception Date Termination Date Index Receive Rate Pay Rate Strike Rate Unrealized Loss Fair Value Balance Sheet Location (Dollars in thousands) Interest rate swaps: $ 5,000 July 2013 July 2033 3 Mo. LIBOR 0.65 % 3.38 % n/a $ (1,352 ) $ (1,352 ) Other Liabilities 5,000 July 2013 July 2028 3 Mo. LIBOR 0.65 % 3.23 % n/a (1,005 ) (1,005 ) Other Liabilities 5,000 July 2013 July 2023 3 Mo. LIBOR 0.65 % 2.77 % n/a (560 ) (560 ) Other Liabilities Interest rate caps: 6,000 October 2014 September 2019 3 Mo. LIBOR n/a n/a 2.50 % (167 ) 10 Other Assets 10,000 March 2015 February 2020 3 Mo. LIBOR n/a n/a 2.50 % (192 ) 25 Other Assets $ 31,000 $ (3,276 ) $ (2,882 ) During the three months ended September 30, 2016 and 2015, no interest rate cap or swap agreements were terminated prior to maturity. Changes in the fair value of interest rate caps and swaps designated as hedging instruments of the variability of cash flows associated with variable rate debt are reported in other comprehensive income. These amounts subsequently are reclassified into interest expense as a yield adjustment in the same period in which the related interest on the debt affects earnings. Risk management results for the three months ended September 30, 2016 and 2015 related to the balance sheet hedging of variable rate debt indicates that the hedges were effective.

Note 8 - Other Comprehensive In

Note 8 - Other Comprehensive Income	3 Months Ended
	Sep. 30, 2016
Notes to Financial Statements
Comprehensive Income (Loss) Note [Text Block]	8. Other Comprehensive Income The components of other comprehensive income (loss) are as follows: Three Months Ended September 30, 2016 2015 Pre-tax Tax Expense After-tax Pre-tax Tax Expense After-tax Amount (Benefit) Amount Amount (Benefit) Amount (Dollars in thousands) Change in net unrealized gain or loss on available-for-sale securities $ (78 ) $ (30 ) $ (48 ) $ 466 $ 178 $ 288 Change in accumulated loss on effective cash flow hedges 154 61 93 (838 ) (319 ) (519 ) Reclassification adjustment for net gains included in net income - - - - - - Total derivatives and hedging activities 154 61 93 (838 ) (319 ) (519 ) Total other comprehensive loss $ 76 $ 31 $ 45 $ (372 ) $ (141 ) $ (231 ) September 30, 2016 June 30, 2016 (Dollars in thousands) Unrealized loss on available-for-sale securities $ 119 $ 197 Tax effect (45 ) (75 ) Net-of-tax amount 74 122 Unrealized loss on cash flow hedges (3,122 ) (3,276 ) Tax effect 1,187 1,248 Net-of-tax amount (1,935 ) (2,028 ) Accumulated other comprehensive loss $ (1,861 ) $ (1,906 )

Note 9 - Commitments and Contin

Note 9 - Commitments and Contingencies	3 Months Ended
	Sep. 30, 2016
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	9. Commitments and Contingencies Commitments The Company is a party to financial instruments with off-balance sheet risk in the normal course of business to meet the financing needs of its customers and to reduce its own exposure to fluctuations in interest rates. These financial instruments include commitments to extend credit, standby letters of credit, and commitments to fund investments. Those instruments involve, to varying degrees, elements of credit and interest rate risk in excess of the amount recognized in the consolidated balance sheets. The contract amounts of those instruments reflect the extent of involvement the Company has in particular classes of financial instruments. The Company’s exposure to credit loss in the event of nonperformance by the other party to the financial instrument for commitments to extend credit and standby letters of credit is represented by the contractual amount of those instruments. The Company uses the same credit policies in making commitments and conditional obligations as it does for on-balance sheet instruments. Financial instruments with contract amounts which represent credit risk are as follows : September 30, 2016 June 30, 2016 (Dollars in thousands) Commitments to grant loans $ 24,920 $ 44,684 Unfunded commitments under lines of credit 58,635 58,412 Standby letters of credit 3,822 3,822 Commitment to fund investment 2,500 2,500 Commitments to extend credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. Since many of the commitments are expected to expire without being drawn upon, the total commitment amounts do not necessarily represent future cash requirements. The Company evaluates each customer’s credit worthiness on a case-by-case basis. The amount of collateral obtained, if deemed necessary by the Company upon extension of credit, is based on management’s credit evaluation of the counter party. Collateral held varies but may include accounts receivable, inventory, property, plant and equipment, and income-producing commercial properties. The Company has recorded an allowance for possible losses on commitments and unfunded loans totaling $56 thousand and $81 thousand recorded in other liabilities at September 30, 2016 and June 30, 2016, respectively. The Company committed $2.5 million to a fund that acquires CRA qualified investments in loans for the Company’s portfolio. The Fund Manager will call the funds from the Company when an investment is successfully acquired. Through the three months ended September 30, 2016, the fund has not called any funds from the Company. Contingencies The Company and its subsidiary are parties to litigation and claims arising in the normal course of business. Management believes that the liabilities, if any, arising from such litigation and claims will not be material to the Company’s consolidated financial position or results of operations.

Note 10 - Stock-Based Compensat

Note 10 - Stock-Based Compensation	3 Months Ended
	Sep. 30, 2016
Notes to Financial Statements
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	10 . Stock-Based Compensation A summary of restricted share activity for the quarter ended September 30, 2016 follows: Shares Weighted Average Grant Date Fair Value Unvested at beginning of period 251,859 $ 9.93 Granted 160,000 11.20 Vested - - Forfeited (1,000 ) 9.47 Unvested at end of period 410,859 10.43 A summary of the vesting schedule for the shares granted in the quarter ended September 30, 2016 follows: ● 15,000 restricted shares vest in full on August 25, 2019; ● 50,000 restricted shares are subject to performance-based vesting over a three year period (the “performance shares”). The performance shares include an absolute metric and a sliding metric within the performance period. The absolute metric requires that the Company be in compliance with the regulatory commitments made to the Federal Reserve Bank and Maine Bureau of Financial Institutions. The sliding metric is based on reaching certain thresholds in regards to the company’s return on equity (“ROE”). The performance shares shall vest in certain defined increments for such periods if the ROE is at least 70% of such targeted returns. This performance will be measured on both a year-by-year basis for three years, and an average basis over the three year performance period; and, ● 95,000 restricted shares vest in three equal installments, commencing on August 25, 2019.

Note 11 - Fair Value Measuremen

Note 11 - Fair Value Measurements	3 Months Ended
	Sep. 30, 2016
Notes to Financial Statements
Fair Value Disclosures [Text Block]	11. Fair Value Measurements Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction (that is, not a forced liquidation or distressed sale) between market participants at the measurement date under current market conditions. The Company uses prices and inputs that are current as of the measurement date, including during periods of market dislocation. In periods of market dislocation, the observability of prices and inputs may be reduced for many instruments. This condition could cause an instrument to be reclassified from one level to another. When market assumptions are not readily available, the Company’s own assumptions are set to reflect those that market participants would use in pricing the asset or liability at the measurement date. If there has been a significant decrease in the volume and level of activity for the asset or liability, regardless of the valuation technique(s) used, the objective of a fair value measurement remains the same. ASC 820 defines fair value and establishes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). The three levels of the fair value hierarchy under ASC 820 are described below: Level 1 — Inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities that the reporting entity has the ability to access at the measurement date . Level 2 — Valuations based on significant observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data. Level 3 — Prices or valuations that require inputs that are both significant to the fair value measurement and unobservable. To the extent that valuation is based on models or inputs that are less observable or unobservable in the market, the determination of fair value requires more judgment. Accordingly, the degree of judgment exercised by the Company in determining fair value is greatest for instruments categorized in Level 3. A financial instrument’s level within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value measurement . Valuation technique Transfers . Assets and Liabilities Measured at Fair Value on a Recurring Basis: Available-for-sale securities i.e. Certain investments are measured at fair value using the net asset value per share as a practical expedient. The fund seeks to invest in securities either issued or guaranteed by the U.S. government or its agencies. The Company’s investments can be redeemed daily at the closing net asset value per share. In accordance with ASU 2015-07, these investments have not been included in the fair value hierarchy. Derivative financial instruments The fair value of derivative loan commitments and forward loan sale agreements are estimated using the anticipated market price based on pricing indications provided from syndicate banks. These commitments and agreements are categorized as Level 2. The fair value of such instruments was nominal at each date presented . Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis: Collateral Dependent Impaired Loans Real Estate Owned and Other Repossessed collateral . Loan servicing rights— Fair Value of other Financial Instruments: Cash and cash equivalents FHL B B stock Loans Loans held for sale Accrued Interest receivable Deposits . Borrowings . Off-Balance Sheet Credit-Related Instruments - Assets and liabilities measured at fair value on a recurring basis are summarized below. September 30, 2016 Total Level 1 Level 2 Level 3 (Dollars in thousands) Assets Securities available-for-sale: U.S. Government agency securities $ 48,849 $ - $ 48,849 $ - Agency mortgage-backed securities 40,571 - 40,571 - Other investment measured at net asset value (1) 5,163 - - - Other assets – interest rate caps 25 - 25 - Liabilities Other liabilities – interest rate swaps 2,754 - 2,754 - June 30, 2016 Total Level 1 Level 2 Level 3 (Dollars in thousands) Assets Securities available-for-sale: U.S. Government agency securities $ 52,046 $ - $ 52,046 $ - Agency mortgage-backed securities 43,368 - 43,368 - Other investment measured at net asset value (1) 5,158 - - - Other assets – interest rate caps 35 - 35 - Liabilities Other liabilities – interest rate swap 2,917 - 2,917 - (1) Assets measured at fair value on a nonrecurring basis are summarized below. September 30, 2016 Total Level 1 Level 2 Level 3 (Dollars in thousands) Collateral dependent impaired loans $ 1,743 $ - $ - $ 1,743 Real estate owned and other repossessed collateral 3,774 - - 3,774 Loan servicing rights 2,174 - - 2,174 June 30, 2016 Total Level 1 Level 2 Level 3 (Dollars in thousands) Collateral dependent impaired loans $ 922 $ - $ - $ 922 Real estate owned and other repossessed collateral 1,652 - - 1,652 Loan servicing rights 1,771 - - 1,771 The table below presents quantitative information about significant unobservable inputs (Level 3) for assets measured at fair value on a nonrecurring basis at the dates indicated. Fair Value September 30, 2016 June 30, Valuation Technique (Dollars in thousands) Collateral dependent impaired loans $ 1,743 $ 922 Appraisal of collateral (1) Real estate owned and other repossessed collateral 3,774 1,652 Appraisal of collateral (1) Loan servicing rights 2,174 1,771 Discounted cash flow (2) (1) Fair value is generally determined through independent appraisals of the underlying collateral. The Company may also use another available source of collateral assessment to determine a reasonable estimate of the fair value of the collateral. Appraisals may be adjusted by management for qualitative factors such as economic factors and estimated liquidation expenses. The range of these possible adjustments was 6% to 71%. (2) Fair value is determined using a discounted cash flow model. The unobservable inputs include anticipated rate of loan prepayments and discount rates. The range of prepayment assumptions used was 7.7% to 18.7%. For discount rates, the range was 5.5% to 14.1%. The following table presents the estimated fair value of the Company's financial instruments. Carrying Fair Value Measurements at September 30, 2016 Amount Total Level 1 Level 2 Level 3 (Dollars in thousands) Financial assets: Cash and cash equivalents $ 126,249 $ 126,249 $ 126,249 $ - $ - Available-for-sale securities 89,420 89,420 - 89,420 - Other investment measured at net asset value (1) 5,163 5,163 - - - Federal Home Loan Bank stock 2,408 2,408 - 2,408 - Loans held for sale 7,253 7,253 - 7,253 - Loans, net 718,912 727,794 - - 727,794 Accrued interest receivable 1,728 1,728 - 1,728 - Interest rate caps 25 25 - 25 - Financial liabilities: Deposits 805,409 806,325 - 806,325 - FHLBB advances 30,046 30,262 - 30,262 - Capital lease obligation 1,066 1,145 - 1,145 - Subordinated debentures 23,393 25,932 - - 25,932 Interest rate swaps 2,754 2,754 - 2,754 - Carrying Fair Value Measurements at June 30, 2016 Amount Total Level 1 Level 2 Level 3 (Dollars in thousands) Financial assets: Cash and cash equivalents $ 151,157 $ 151,157 $ 151,157 $ - $ - Available-for-sale securities 95,414 95,414 - 95,414 - Other investment measured at net asset value (1) 5,158 5,158 - - - Federal Home Loan Bank stock 2,408 2,408 - 2,408 - Loans held for sale 7,519 7,519 - 7,519 - Loans, net 690,086 695,830 - - 695,830 Accrued interest receivable 1,579 1,579 - 1,579 - Interest rate caps 35 35 - 35 - Financial liabilities: Deposits 800,432 801,045 - 801,045 - FHLBB advances 30,075 30,396 - 30,396 - Capital lease obligation 1,128 1,219 - 1,219 - Subordinated debentures 23,331 25,664 - - 25,664 Interest rate swaps 2,917 2,917 - 2,917 - (1)

Note 3 - Securities Available20

Note 3 - Securities Available-for-sale (Tables)	3 Months Ended
	Sep. 30, 2016
Notes Tables
Schedule of Available-for-sale Securities Reconciliation [Table Text Block]	September 30, 2016 Amortized Gross Unrealized Gross Unrealized Fair Cost Gains Losses Value (Dollars in thousands) U.S. Government agency securities $ 48,856 $ 24 $ (31 ) $ 48,849 Agency mortgage-backed securities 40,483 117 (29 ) 40,571 Other investment measured at net asset value 5,125 38 - 5,163 $ 94,464 $ 179 $ (60 ) $ 94,583 June 30, 2016 Amortized Gross Unrealized Gross Unrealized Fair Cost Gains Losses Value (Dollars in thousands) U.S. Government agency securities $ 51,948 $ 98 $ - $ 52,046 Agency mortgage-backed securities 43,330 90 (52 ) 43,368 Other investment measured at net asset value 5,097 61 - 5,158 $ 100,375 $ 249 $ (52 ) $ 100,572
Schedule of Unrealized Loss on Investments [Table Text Block]	September 30, 2016 Less than 12 Months More than 12 Months Total Fair Unrealized Fair Unrealized Fair Unrealized Value Losses Value Losses Value Losses (Dollars in thousands) U.S. Government agency securities $ 36,671 $ (31 ) $ - $ - $ 36,671 $ (31 ) Agency mortgage-backed securities 2,082 (1 ) 15,780 (28 ) 17,862 (29 ) Other investment measured at net asset value - - - - - - $ 38,753 $ (32 ) $ 15,780 $ (28 ) $ 54,533 $ (60 ) June 30, 2016 Less than 12 Months More than 12 Months Total Fair Unrealized Fair Unrealized Fair Unrealized Value Losses Value Losses Value Losses (Dollars in thousands) U.S. Government agency securities $ - $ - $ - $ - $ - $ - Agency mortgage-backed securities - - 25,350 (52 ) 25,350 (52 ) Other investment measured at net asset value - - - - - - $ - $ - $ 25,350 $ (52 ) $ 25,350 $ (52 )
Investments Classified by Contractual Maturity Date [Table Text Block]	Amortized Fair Cost Value (Dollars in thousands) Due within one year $ - $ - Due after one year through five years 48,856 48,849 Due after five years through ten years 18,104 18,217 Due after ten years 22,379 22,354 Total $ 89,339 $ 89,420

Note 4 - Loans, Allowance for21

Note 4 - Loans, Allowance for Loan Losses and Credit Quality (Tables)	3 Months Ended
	Sep. 30, 2016
Notes Tables
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	September 30, 2016 June 30, 2016 Originated Purchased Total Originated Purchased Total (Dollars in thousands) Residential real estate $ 90,230 $ 2,895 $ 93,125 $ 93,391 $ 2,559 $ 95,950 Home equity 17,098 - 17,098 18,012 - 18,012 Commercial real estate 218,236 231,317 449,553 189,616 236,952 426,568 Commercial and industrial 154,008 2,102 156,110 145,758 198 145,956 Consumer 5,532 - 5,532 5,950 - 5,950 Total loans $ 485,104 $ 236,314 $ 721,418 $ 452,727 $ 239,709 $ 692,436
Past Due Financing Receivables [Table Text Block]	September 30, 2016 Past Due Past Due 90 Days or 90 Days or Total Non- 30-59 60-89 More-Still More- Past Total Total Accrual Days Days Accruing Nonaccrual Due Current Loans Loans (Dollars in thousands) Originated portfolio: Residential real estate $ 75 $ 637 $ - $ 2,367 $ 3,079 $ 87,151 $ 90,230 $ 3,273 Home equity 50 - - 48 98 17,000 17,098 48 Commercial real estate 256 - - 94 350 217,886 218,236 361 Commercial and industrial - - - - - 154,008 154,008 347 Consumer 92 8 - 95 195 5,337 5,532 121 Total originated portfolio 473 645 - 2,604 3,722 481,382 485,104 4,150 Purchased portfolio: Residential real estate 1,108 - - - 1,108 1,787 2,895 1,107 Commercial and industrial - 93 - - 93 2,009 2,102 48 Commercial real estate 179 1,411 - 3,269 4,859 226,458 231,317 3,618 Total purchased portfolio 1,287 1,504 - 3,269 6,060 230,254 236,314 4,773 Total loans $ 1,760 $ 2,149 $ - $ 5,873 $ 9,782 $ 711,636 $ 721,418 $ 8,923 June 30, 2016 Past Due Past Due 90 Days or 90 Days or Total Non- 30-59 60-89 More-Still More- Past Total Total Accrual Days Days Accruing Nonaccrual Due Current Loans Loans (Dollars in thousands) Originated portfolio: Residential real estate $ 302 $ 910 $ - $ 1,555 $ 2,767 $ 90,624 $ 93,391 $ 2,613 Home equity 146 - - 48 194 17,818 18,012 48 Commercial real estate 132 - - 188 320 189,296 189,616 474 Commercial and industrial - - - 15 15 145,743 145,758 17 Consumer 73 56 - 74 203 5,747 5,950 163 Total originated portfolio 653 966 - 1,880 3,499 449,228 452,727 3,315 Purchased portfolio: Residential real estate - - - - - 2,559 2,559 1,125 Commercial and industrial - - - - - 198 198 - Commercial real estate - 19 - 3,387 3,406 233,546 236,952 3,387 Total purchased portfolio - 19 - 3,387 3,406 236,303 239,709 4,512 Total loans $ 653 $ 985 $ - $ 5,267 $ 6,905 $ 685,531 $ 692,436 $ 7,827
Allowance for Credit Losses on Financing Receivables [Table Text Block]	Three Months Ended September 30, 2016 Residential Commercial Commercial Real Estate Real Estate and Industrial Consumer Purchased Unallocated Total (Dollars in thousands) Beginning balance $ 663 $ 1,195 $ 297 $ 62 $ 133 $ - $ 2,350 Provision (99 ) 226 17 24 25 - 193 Recoveries 2 - 5 11 - - 18 Charge-offs (25 ) - (1 ) (29 ) - - (55 ) Ending balance $ 541 $ 1,421 $ 318 $ 68 $ 158 $ - $ 2,506 Three Months Ended September 30, 2015 Residential Commercial Commercial Real Estate Real Estate and Industrial Consumer Purchased Unallocated Total (Dollars in thousands) Beginning balance $ 741 $ 694 $ 117 $ 35 $ 283 $ 56 $ 1,926 Provision (21 ) 62 16 31 81 - 169 Recoveries 12 5 1 2 - - 20 Charge-offs - (28 ) - (22 ) - - (50 ) Ending balance $ 732 $ 733 $ 134 $ 46 $ 364 $ 56 $ 2,065
Schedule of Allowance for Loan Losses by Portfolio Segment and Impairment Methodology [Table Text Block]	September 30, 2016 Residential Commercial Commercial Real Estate Real Estate and Industrial Consumer Purchased Unallocated Total (Dollars in thousands) Allowance for loan losses: Individually evaluated $ 326 $ 50 $ 2 $ 22 $ - $ - $ 400 Collectively evaluated 215 1,371 316 46 - - 1,948 ASC 310-30 - - - - 158 - 158 Total $ 541 $ 1,421 $ 318 $ 68 $ 158 $ - $ 2,506 Loans: Individually evaluated $ 5,790 $ 1,565 $ 346 $ 330 $ - $ - $ 8,031 Collectively evaluated 101,538 216,671 153,662 5,202 - - 477,073 ASC 310-30 - - - - 236,314 - 236,314 Total $ 107,328 $ 218,236 $ 154,008 $ 5,532 $ 236,314 $ - $ 721,418 June 30, 2016 Residential Commercial Commercial Real Estate Real Estate and Industrial Consumer Purchased Unallocated Total (Dollars in thousands) Allowance for loan losses: Individually evaluated $ 386 $ 59 $ 2 $ 23 $ - $ - $ 470 Collectively evaluated 277 1,136 295 39 - - 1,747 ASC 310-30 - - - - 133 - 133 Total $ 663 $ 1,195 $ 297 $ 62 $ 133 $ - $ 2,350 Loans: Individually evaluated $ 5,039 $ 1,686 $ 17 $ 362 $ - $ - $ 7,104 Collectively evaluated 106,364 187,930 145,741 5,588 - - 445,623 ASC 310-30 - - - - 239,709 - 239,709 Total $ 111,403 $ 189,616 $ 145,758 $ 5,950 $ 239,709 $ - $ 692,436
Impaired Financing Receivables [Table Text Block]	September 30, 2016 June 30, 2016 Unpaid Unpaid Recorded Principal Related Recorded Principal Related Investment Balance Allowance Investment Balance Allowance (Dollars in thousands) Impaired loans without a valuation allowance: Originated: Residential real estate $ 4,268 $ 4,320 $ - $ 3,192 $ 3,299 $ - Consumer 228 263 - 257 282 - Commercial real estate 443 445 - 451 453 - Commercial and industrial 344 344 - 15 15 - Purchased: Residential real estate 1,108 1,150 - 1,125 1,125 - Commercial real estate 4,897 5,939 - 4,574 4,886 - Commercial and industrial 48 88 - - - - Total 11,336 12,549 - 9,614 10,060 - Impaired loans with a valuation allowance: Originated: Residential real estate 1,522 1,510 326 1,847 1,802 386 Consumer 102 114 22 105 112 23 Commercial real estate 1,122 1,114 50 1,235 1,223 59 Commercial and industrial 2 2 2 2 2 2 Purchased: Commercial real estate 1,574 1,865 111 1,484 1,812 66 Total 4,322 4,605 511 4,673 4,951 536 Total impaired loans $ 15,658 $ 17,154 $ 511 $ 14,287 $ 15,011 $ 536 Three Months Ended September 30, 2016 2015 Average Interest Average Interest Recorded Income Recorded Income Investment Recognized Investment Recognized (Dollars in thousands) Impaired loans without a valuation allowance: Originated: Residential real estate $ 3,730 $ 49 $ 2,520 $ 39 Consumer 243 3 290 5 Commercial real estate 447 8 1,200 7 Commercial and industrial 180 3 2 - Purchased: Residential real estate 1,117 3 - - Commercial real estate 4,736 52 7,842 14 Commercial and industrial 24 - - - Total 10,477 118 11,854 65 Impaired loans with a valuation allowance: Originated: Residential real estate 1,685 16 2,064 23 Consumer 104 2 23 1 Commercial real estate 1,179 18 924 12 Commercial and industrial 2 - - - Purchased: Commercial real estate 1,529 17 1,976 36 Total 4,499 53 4,987 72 Total impaired loans $ 14,976 $ 171 $ 16,841 $ 137
Financing Receivable Credit Quality Indicators [Table Text Block]	September 30, 2016 Originated Portfolio Commercial Commercial Purchased Real Estate and Industrial Residential (1) Portfolio Total (Dollars in thousands) Loans rated 1- 6 $ 214,276 $ 153,599 $ 7,591 $ 224,071 $ 599,537 Loans rated 7 3,125 397 500 8,424 12,446 Loans rated 8 835 12 515 3,819 5,181 Loans rated 9 - - 23 - 23 Loans rated 10 - - - - - $ 218,236 $ 154,008 $ 8,629 $ 236,314 $ 617,187 June 30, 2016 Originated Portfolio Commercial Commercial Purchased Real Estate and Industrial Residential (1) Portfolio Total (Dollars in thousands) Loans rated 1- 6 $ 186,165 $ 142,451 $ 7,659 $ 227,895 $ 564,170 Loans rated 7 2,493 3,290 431 7,147 13,361 Loans rated 8 958 17 537 4,667 6,179 Loans rated 9 - - 23 - 23 Loans rated 10 - - - - - $ 189,616 $ 145,758 $ 8,650 $ 239,709 $ 583,733
Troubled Debt Restructurings on Financing Receivables [Table Text Block]	Three Months Ended September 30, 2016 2015 Number of Recorded Number of Recorded Contracts Investment Contracts Investment (Dollars in thousands) Extended maturity - $ - - $ - Adjusted interest rate 1 9 - - Rate and maturity 1 334 - - Principal deferment - - - - Court ordered concession - - - - 2 $ 343 - $ -
Troubled Debt Restructurings On Financing Receivables Recorded Investment [Table Text Block]	Three Months Ended September 30, 2016 2015 Recorded Recorded Recorded Recorded Number of Investment Investment Number of Investment Investment Contracts Pre-Modification Post-Modification Contracts Pre-Modification Post-Modification (Dollars in thousands) Originated portfolio: Residential real estate 1 $ 9 $ 9 - $ - $ - Home equity - - - - - - Commercial real estate - - - - - - Commercial and industrial - - - - - - Consumer - - - - - - Total originated portfolio 1 9 9 - - - Purchased portfolio: Residential real estate - - - - - - Commercial real estate 1 334 334 - - - Total purchased portfolio 1 334 334 - - - Total 2 $ 343 $ 343 - $ - $ -
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Table Text Block]	Three Months Ended September 30, 2016 Three Months Ended September 30, 2015 (Dollars in thousands) Contractually required payments receivable $ 26,254 $ 31,276 Nonaccretable difference (2,517 ) (291 ) Cash flows expected to be collected 23,737 30,985 Accretable yield (9,884 ) (7,527 ) Fair value of loans acquired $ 13,853 $ 23,458 Three Months Ended September 30, 2016 Three Months Ended September 30, 2015 (Dollars in thousands) Beginning balance $ 124,151 $ 111,449 Acquisitions 9,884 7,527 Accretion (4,652 ) (3,755 ) Reclassifications from non-accretable difference to accretable yield (1,105 ) 277 Disposals and other changes (4,255 ) (5,883 ) Ending balance $ 124,023 $ 109,615
Certain Loans Acquired Icome Recognition Model As Debt Securities Acquired During Period in Transfer Not Accounted for Using [Table Text Block]	As of and for the Three Months Ended September 30, 2016 As of and for the Three Months Ended September 30, 2015 (Dollars in thousands) Loans acquired during the period $ 1,103 $ - Loans at end of period 4,439 6,826
Schedule of Credit Impaired Loans [Table Text Block]	September 30, 2016 (1) June 30, 2016 (1) (Dollars in thousands) Unpaid principal balance $ 265,571 $ 267,985 Carrying amount 234,076 237,054

Note 6 - Earnings Per Share (22

Note 6 - Earnings Per Share (EPS) (Tables)	3 Months Ended
	Sep. 30, 2016
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Three Months Ended September 30, 2016 2015 (Dollars in thousands, except share and per share data) Net income $ 1,751 $ 1,867 Preferred stock dividends or accretion - - Net income available to common shareholders $ 1,751 $ 1,867 Weighted average shares used in calculation of basic EPS 9,106,144 9,562,812 Incremental shares from assumed exercise of dilutive securities 27,239 - Weighted average shares used in calculation of diluted EPS 9,133,383 9,562,812 Earnings per common share: Basic $ 0.19 $ 0.20 Diluted 0.19 0.20
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block]	Three Months Ended September 30, 2016 2015 Stock options 714,545 980,269

Note 7 - Derivatives and Hedg23

Note 7 - Derivatives and Hedging Activities (Tables)	3 Months Ended
	Sep. 30, 2016
Notes Tables
Schedule of Derivative Instruments [Table Text Block]	September 30, 2016 Notional Amount Inception Date Termination Date Index Receive Rate Pay Rate Strike Rate Unrealized Loss Fair Value Balance Sheet Location (Dollars in thousands) Interest rate swaps: $ 5,000 July 2013 July 2033 3 Mo. LIBOR 0.85 % 3.38 % n/a $ (1,314 ) $ (1,314 ) Other Liabilities 5,000 July 2013 July 2028 3 Mo. LIBOR 0.85 % 3.23 % n/a (947 ) (947 ) Other Liabilities 5,000 July 2013 July 2023 3 Mo. LIBOR 0.85 % 2.77 % n/a (493 ) (493 ) Other Liabilities Interest rate caps: 6,000 October 2014 September 2019 3 Mo. LIBOR n/a n/a 2.50 % (170 ) 7 Other Assets 10,000 March 2015 February 2020 3 Mo. LIBOR n/a n/a 2.50 % (198 ) 18 Other Assets $ 31,000 $ (3,122 ) $ (2,729 ) June 30, 2016 Notional Amount Inception Date Termination Date Index Receive Rate Pay Rate Strike Rate Unrealized Loss Fair Value Balance Sheet Location (Dollars in thousands) Interest rate swaps: $ 5,000 July 2013 July 2033 3 Mo. LIBOR 0.65 % 3.38 % n/a $ (1,352 ) $ (1,352 ) Other Liabilities 5,000 July 2013 July 2028 3 Mo. LIBOR 0.65 % 3.23 % n/a (1,005 ) (1,005 ) Other Liabilities 5,000 July 2013 July 2023 3 Mo. LIBOR 0.65 % 2.77 % n/a (560 ) (560 ) Other Liabilities Interest rate caps: 6,000 October 2014 September 2019 3 Mo. LIBOR n/a n/a 2.50 % (167 ) 10 Other Assets 10,000 March 2015 February 2020 3 Mo. LIBOR n/a n/a 2.50 % (192 ) 25 Other Assets $ 31,000 $ (3,276 ) $ (2,882 )

Note 8 - Other Comprehensive 24

Note 8 - Other Comprehensive Income (Tables)	3 Months Ended
	Sep. 30, 2016
Notes Tables
Comprehensive Income (Loss) [Table Text Block]	Three Months Ended September 30, 2016 2015 Pre-tax Tax Expense After-tax Pre-tax Tax Expense After-tax Amount (Benefit) Amount Amount (Benefit) Amount (Dollars in thousands) Change in net unrealized gain or loss on available-for-sale securities $ (78 ) $ (30 ) $ (48 ) $ 466 $ 178 $ 288 Change in accumulated loss on effective cash flow hedges 154 61 93 (838 ) (319 ) (519 ) Reclassification adjustment for net gains included in net income - - - - - - Total derivatives and hedging activities 154 61 93 (838 ) (319 ) (519 ) Total other comprehensive loss $ 76 $ 31 $ 45 $ (372 ) $ (141 ) $ (231 )
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]	September 30, 2016 June 30, 2016 (Dollars in thousands) Unrealized loss on available-for-sale securities $ 119 $ 197 Tax effect (45 ) (75 ) Net-of-tax amount 74 122 Unrealized loss on cash flow hedges (3,122 ) (3,276 ) Tax effect 1,187 1,248 Net-of-tax amount (1,935 ) (2,028 ) Accumulated other comprehensive loss $ (1,861 ) $ (1,906 )

Note 9 - Commitments and Cont25

Note 9 - Commitments and Contingencies (Tables)	3 Months Ended
	Sep. 30, 2016
Notes Tables
Schedule of Fair Value, Off-balance Sheet Risks [Table Text Block]	September 30, 2016 June 30, 2016 (Dollars in thousands) Commitments to grant loans $ 24,920 $ 44,684 Unfunded commitments under lines of credit 58,635 58,412 Standby letters of credit 3,822 3,822 Commitment to fund investment 2,500 2,500

Note 10 - Stock-Based Compens26

Note 10 - Stock-Based Compensation (Tables)	3 Months Ended
	Sep. 30, 2016
Notes Tables
Schedule of Unvested Restricted Stock Units Roll Forward [Table Text Block]	Shares Weighted Average Grant Date Fair Value Unvested at beginning of period 251,859 $ 9.93 Granted 160,000 11.20 Vested - - Forfeited (1,000 ) 9.47 Unvested at end of period 410,859 10.43

Note 11 - Fair Value Measurem27

Note 11 - Fair Value Measurements (Tables)	3 Months Ended
	Sep. 30, 2016
Notes Tables
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]	September 30, 2016 Total Level 1 Level 2 Level 3 (Dollars in thousands) Assets Securities available-for-sale: U.S. Government agency securities $ 48,849 $ - $ 48,849 $ - Agency mortgage-backed securities 40,571 - 40,571 - Other investment measured at net asset value (1) 5,163 - - - Other assets – interest rate caps 25 - 25 - Liabilities Other liabilities – interest rate swaps 2,754 - 2,754 - June 30, 2016 Total Level 1 Level 2 Level 3 (Dollars in thousands) Assets Securities available-for-sale: U.S. Government agency securities $ 52,046 $ - $ 52,046 $ - Agency mortgage-backed securities 43,368 - 43,368 - Other investment measured at net asset value (1) 5,158 - - - Other assets – interest rate caps 35 - 35 - Liabilities Other liabilities – interest rate swap 2,917 - 2,917 -
Fair Value Measurements, Nonrecurring [Table Text Block]	September 30, 2016 Total Level 1 Level 2 Level 3 (Dollars in thousands) Collateral dependent impaired loans $ 1,743 $ - $ - $ 1,743 Real estate owned and other repossessed collateral 3,774 - - 3,774 Loan servicing rights 2,174 - - 2,174 June 30, 2016 Total Level 1 Level 2 Level 3 (Dollars in thousands) Collateral dependent impaired loans $ 922 $ - $ - $ 922 Real estate owned and other repossessed collateral 1,652 - - 1,652 Loan servicing rights 1,771 - - 1,771
Fair Value Inputs, Assets, Quantitative Information [Table Text Block]	Fair Value September 30, 2016 June 30, Valuation Technique (Dollars in thousands) Collateral dependent impaired loans $ 1,743 $ 922 Appraisal of collateral (1) Real estate owned and other repossessed collateral 3,774 1,652 Appraisal of collateral (1) Loan servicing rights 2,174 1,771 Discounted cash flow (2)
Fair Value, by Balance Sheet Grouping [Table Text Block]	Carrying Fair Value Measurements at September 30, 2016 Amount Total Level 1 Level 2 Level 3 (Dollars in thousands) Financial assets: Cash and cash equivalents $ 126,249 $ 126,249 $ 126,249 $ - $ - Available-for-sale securities 89,420 89,420 - 89,420 - Other investment measured at net asset value (1) 5,163 5,163 - - - Federal Home Loan Bank stock 2,408 2,408 - 2,408 - Loans held for sale 7,253 7,253 - 7,253 - Loans, net 718,912 727,794 - - 727,794 Accrued interest receivable 1,728 1,728 - 1,728 - Interest rate caps 25 25 - 25 - Financial liabilities: Deposits 805,409 806,325 - 806,325 - FHLBB advances 30,046 30,262 - 30,262 - Capital lease obligation 1,066 1,145 - 1,145 - Subordinated debentures 23,393 25,932 - - 25,932 Interest rate swaps 2,754 2,754 - 2,754 - Carrying Fair Value Measurements at June 30, 2016 Amount Total Level 1 Level 2 Level 3 (Dollars in thousands) Financial assets: Cash and cash equivalents $ 151,157 $ 151,157 $ 151,157 $ - $ - Available-for-sale securities 95,414 95,414 - 95,414 - Other investment measured at net asset value (1) 5,158 5,158 - - - Federal Home Loan Bank stock 2,408 2,408 - 2,408 - Loans held for sale 7,519 7,519 - 7,519 - Loans, net 690,086 695,830 - - 695,830 Accrued interest receivable 1,579 1,579 - 1,579 - Interest rate caps 35 35 - 35 - Financial liabilities: Deposits 800,432 801,045 - 801,045 - FHLBB advances 30,075 30,396 - 30,396 - Capital lease obligation 1,128 1,219 - 1,219 - Subordinated debentures 23,331 25,664 - - 25,664 Interest rate swaps 2,917 2,917 - 2,917 -

Note 3 - Securities Available28

Note 3 - Securities Available-for-sale (Details Textual)	3 Months Ended
	Sep. 30, 2016USD ($)	Sep. 30, 2015USD ($)
Proceeds from Sale of Available-for-sale Securities	$ 0	$ 0
Available-for-sale Securities Pledged as Collateral	0
Other than Temporary Impairment Losses, Investments, Available-for-sale Securities	$ 0	$ 0
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions, Greater than or Equal to One Year	7
Available-for-sale Securities, Effective Duration	4 years 244 days

Note 3 - Securities Available29

Note 3 - Securities Available-for-sale - Securities Available-for-sale (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Jun. 30, 2016
US Government Agencies Debt Securities [Member]
Amortized Cost	$ 48,856	$ 51,948
Gross Unrealized Gains	24	98
Gross Unrealized Losses	(31)
Fair Value	48,849	52,046
Collateralized Mortgage Backed Securities [Member]
Amortized Cost	40,483	43,330
Gross Unrealized Gains	117	90
Gross Unrealized Losses	(29)	(52)
Fair Value	40,571	43,368
Collateralized Debt Obligations [Member]
Amortized Cost	5,125	5,097
Gross Unrealized Gains	38	61
Gross Unrealized Losses
Fair Value	5,163	5,158
Amortized Cost	94,464	100,375
Gross Unrealized Gains	179	249
Gross Unrealized Losses	(60)	(52)
Fair Value	$ 94,583	$ 100,572

Note 3 - Securities Available30

Note 3 - Securities Available-for-sale - Securities in a Continuous Unrealized Loss Position (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Sep. 30, 2016	Jun. 30, 2016
US Government Agencies Debt Securities [Member]
Fair Value, Less than 12 months	$ 36,671
Unrealized losses, less than 12 months	(31)
Fair Value, More than 12 months
Unrealized losses, More than 12 months
Fair Value	36,671
Unrealized Losses	(31)
Collateralized Mortgage Backed Securities [Member]
Fair Value, Less than 12 months	2,082
Unrealized losses, less than 12 months	(1)
Fair Value, More than 12 months	15,780	25,350
Unrealized losses, More than 12 months	(28)	(52)
Fair Value	17,862	25,350
Unrealized Losses	(29)	(52)
Collateralized Debt Obligations [Member]
Fair Value, Less than 12 months
Unrealized losses, less than 12 months
Fair Value, More than 12 months
Unrealized losses, More than 12 months
Fair Value
Unrealized Losses
Fair Value, Less than 12 months	38,753
Unrealized losses, less than 12 months	(32)
Fair Value, More than 12 months	15,780	25,350
Unrealized losses, More than 12 months	(28)	(52)
Fair Value	54,533	25,350
Unrealized Losses	$ (60)	$ (52)

Note 3 - Securities Available31

Note 3 - Securities Available-for-sale - Securities by Contractual Maturity (Details) $ in Thousands	Sep. 30, 2016USD ($)
Due within one year, amortized cost
Due within one year, fair value
Due after one year through five years, amortized cost	48,856
Due after one year through five years, fair value	48,849
Due after five years through ten years, amortized cost	18,104
Due after five years through ten years, fair value	18,217
Due after ten years, amortized cost	22,379
Due after ten years, fair value	22,354
Total, amortized cost	89,339
Total, fair value	$ 89,420

Note 4 - Loans, Allowance for32

Note 4 - Loans, Allowance for Loan Losses and Credit Quality (Details Textual)	3 Months Ended
	Sep. 30, 2016USD ($)	Jun. 30, 2016USD ($)
Loans Held-forsale [Member]
Certain Loans Acquired in Transfer, Not Accounted for As Debt Securities, Unpaid Principal	$ 789,000	$ 0
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Carrying Amount, Net	789,000	0
Unamortized Loan Commitment and Origination Fees and Unamortized Discounts or Premiums	367,000	58,000
Certain Loans Acquired in Transfer, Not Accounted for As Debt Securities, Unpaid Principal	265,571,000	267,985,000
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Carrying Amount, Net	$ 234,076,000	$ 237,054,000
Financing Receivable, Modifications, Subsequent Default, Number of Contracts	0
Loans and Leases Receivable, Impaired, Commitment to Lend	$ 0

Note 4 - Loans, Allowance for33

Note 4 - Loans, Allowance for Loan Losses and Credit Quality - Loan Portfolio (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Jun. 30, 2016
Originated Loans [Member] | Residential Real Estate, without Home Equity [Member]
Loans	$ 90,230	$ 93,391
Originated Loans [Member] | Home Equity Portfolio Segment [Member]
Loans	17,098	18,012
Originated Loans [Member] | Commercial Real Estate Portfolio Segment [Member]
Loans	218,236	189,616
Originated Loans [Member] | Commercial Portfolio Segment [Member]
Loans	154,008	145,758
Originated Loans [Member] | Consumer Portfolio Segment [Member]
Loans	5,532	5,950
Originated Loans [Member]
Loans	485,104	452,727
Purchased Loans [Member] | Residential Real Estate, without Home Equity [Member]
Loans	2,895	2,559
Purchased Loans [Member] | Home Equity Portfolio Segment [Member]
Loans
Purchased Loans [Member] | Commercial Real Estate Portfolio Segment [Member]
Loans	231,317	236,952
Purchased Loans [Member] | Commercial Portfolio Segment [Member]
Loans	2,102	198
Purchased Loans [Member] | Consumer Portfolio Segment [Member]
Loans
Purchased Loans [Member]
Loans	236,314	239,709
Residential Real Estate, without Home Equity [Member]
Loans	93,125	95,950
Home Equity Portfolio Segment [Member]
Loans	17,098	18,012
Commercial Real Estate Portfolio Segment [Member]
Loans	449,553	426,568
Commercial Portfolio Segment [Member]
Loans	156,110	145,956
Consumer Portfolio Segment [Member]
Loans	5,532	5,950
Loans	$ 721,418	$ 692,436

Note 4 - Loans, Allowance for34

Note 4 - Loans, Allowance for Loan Losses and Credit Quality - Summary of Past Due and Non-accrual Loans (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Jun. 30, 2016
Originated Loans [Member] | Residential Real Estate, without Home Equity [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Past due	$ 75	$ 302
Originated Loans [Member] | Residential Real Estate, without Home Equity [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Past due	637	910
Originated Loans [Member] | Residential Real Estate, without Home Equity [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Past due	2,367	1,555
Originated Loans [Member] | Residential Real Estate, without Home Equity [Member]
Past due	3,079	2,767
Current	87,151	90,624
Loans	90,230	93,391
Non- Accrual Loans	3,273	2,613
Originated Loans [Member] | Home Equity Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Past due	50	146
Originated Loans [Member] | Home Equity Portfolio Segment [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Past due
Originated Loans [Member] | Home Equity Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Past due	48	48
Originated Loans [Member] | Home Equity Portfolio Segment [Member]
Past due	98	194
Current	17,000	17,818
Loans	17,098	18,012
Non- Accrual Loans	48	48
Originated Loans [Member] | Commercial Real Estate Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Past due	256	132
Originated Loans [Member] | Commercial Real Estate Portfolio Segment [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Past due
Originated Loans [Member] | Commercial Real Estate Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Past due	94	188
Originated Loans [Member] | Commercial Real Estate Portfolio Segment [Member]
Past due	350	320
Current	217,886	189,296
Loans	218,236	189,616
Non- Accrual Loans	361	474
Originated Loans [Member] | Commercial Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Past due
Originated Loans [Member] | Commercial Portfolio Segment [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Past due
Originated Loans [Member] | Commercial Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Past due		15
Originated Loans [Member] | Commercial Portfolio Segment [Member]
Past due		15
Current	154,008	145,743
Loans	154,008	145,758
Non- Accrual Loans	347	17
Originated Loans [Member] | Consumer Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Past due	92	73
Originated Loans [Member] | Consumer Portfolio Segment [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Past due	8	56
Originated Loans [Member] | Consumer Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Past due	95	74
Originated Loans [Member] | Consumer Portfolio Segment [Member]
Past due	195	203
Current	5,337	5,747
Loans	5,532	5,950
Non- Accrual Loans	121	163
Originated Loans [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Past due	473	653
Originated Loans [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Past due	645	966
Originated Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Past due	2,604	1,880
Originated Loans [Member]
Past due	3,722	3,499
Current	481,382	449,228
Loans	485,104	452,727
Non- Accrual Loans	4,150	3,315
Purchased Loans [Member] | Residential Real Estate, without Home Equity [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Past due	1,108
Purchased Loans [Member] | Residential Real Estate, without Home Equity [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Past due
Purchased Loans [Member] | Residential Real Estate, without Home Equity [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Past due
Purchased Loans [Member] | Residential Real Estate, without Home Equity [Member]
Past due	1,108
Current	1,787	2,559
Loans	2,895	2,559
Non- Accrual Loans	1,107	1,125
Purchased Loans [Member] | Home Equity Portfolio Segment [Member]
Loans
Purchased Loans [Member] | Commercial Real Estate Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Past due	179
Purchased Loans [Member] | Commercial Real Estate Portfolio Segment [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Past due	1,411	19
Purchased Loans [Member] | Commercial Real Estate Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Past due	3,269	3,387
Purchased Loans [Member] | Commercial Real Estate Portfolio Segment [Member]
Past due	4,859	3,406
Current	226,458	233,546
Loans	231,317	236,952
Non- Accrual Loans	3,618	3,387
Purchased Loans [Member] | Commercial Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Past due
Purchased Loans [Member] | Commercial Portfolio Segment [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Past due	93
Purchased Loans [Member] | Commercial Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Past due
Purchased Loans [Member] | Commercial Portfolio Segment [Member]
Past due	93
Current	2,009	198
Loans	2,102	198
Non- Accrual Loans	48
Purchased Loans [Member] | Consumer Portfolio Segment [Member]
Loans
Purchased Loans [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Past due	1,287
Purchased Loans [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Past due	1,504	19
Purchased Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Past due	3,269	3,387
Purchased Loans [Member]
Past due	6,060	3,406
Current	230,254	236,303
Loans	236,314	239,709
Non- Accrual Loans	4,773	4,512
Residential Real Estate, without Home Equity [Member]
Loans	93,125	95,950
Home Equity Portfolio Segment [Member]
Loans	17,098	18,012
Commercial Real Estate Portfolio Segment [Member]
Loans	449,553	426,568
Commercial Portfolio Segment [Member]
Loans	156,110	145,956
Consumer Portfolio Segment [Member]
Loans	5,532	5,950
Financing Receivables, 30 to 59 Days Past Due [Member]
Past due	1,760	653
Financing Receivables, 60 to 89 Days Past Due [Member]
Past due	2,149	985
Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Past due	5,873	5,267
Past due	9,782	6,905
Current	711,636	685,531
Loans	721,418	692,436
Non- Accrual Loans	$ 8,923	$ 7,827

Note 4 - Loans, Allowance for35

Note 4 - Loans, Allowance for Loan Losses and Credit Quality - Allowance for Loan Losses by Portfolio Segment (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Residential Portfolio Segment [Member] | Originated Loans [Member]
Beginning balance	$ 663	$ 741
Provision for loan losses	(99)	(21)
Recoveries	2	12
Charge-offs	(25)
Ending balance	541	732
Commercial Real Estate Portfolio Segment [Member] | Originated Loans [Member]
Beginning balance	1,195	694
Provision for loan losses	226	62
Recoveries		5
Charge-offs		(28)
Ending balance	1,421	733
Commercial Portfolio Segment [Member] | Originated Loans [Member]
Beginning balance	297	117
Provision for loan losses	17	16
Recoveries	5	1
Charge-offs	(1)
Ending balance	318	134
Consumer Portfolio Segment [Member] | Originated Loans [Member]
Beginning balance	62	35
Provision for loan losses	24	31
Recoveries	11	2
Charge-offs	(29)	(22)
Ending balance	68	46
Purchased Loans [Member]
Beginning balance	133	283
Provision for loan losses	25	81
Recoveries
Charge-offs
Ending balance	158	364
Unallocated Financing Receivables [Member]
Beginning balance		56
Provision for loan losses
Recoveries
Charge-offs
Ending balance		56
Beginning balance	2,350	1,926
Provision for loan losses	193	169
Recoveries	18	20
Charge-offs	(55)	(50)
Ending balance	$ 2,506	$ 2,065

Note 4 - Loans, Allowance for36

Note 4 - Loans, Allowance for Loan Losses and Credit Quality - Allowance for Loan Losses by Portfolio Segment and Impairment Methodology (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Jun. 30, 2016	Sep. 30, 2015	Jun. 30, 2015
Residential Portfolio Segment [Member] | Originated Loans [Member]
Allowance for loan losses:
Allowance for loan losses, individually evaluated	$ 326	$ 386
Allowance for loan losses, collectively evaluated	215	277
Allowance for loan losses, ASC 310-30
Allowance for loan losses	541	663	$ 732	$ 741
Loans, individually evaluated	5,790	5,039
Loans, collectively evaluated	101,538	106,364
Loans, ASC 310-30
Loans	107,328	111,403
Residential Portfolio Segment [Member]
Allowance for loan losses:
Loans	110,223	113,962
Commercial Real Estate Portfolio Segment [Member] | Originated Loans [Member]
Allowance for loan losses:
Allowance for loan losses, individually evaluated	50	59
Allowance for loan losses, collectively evaluated	1,371	1,136
Allowance for loan losses, ASC 310-30
Allowance for loan losses	1,421	1,195	733	694
Loans, individually evaluated	1,565	1,686
Loans, collectively evaluated	216,671	187,930
Loans, ASC 310-30
Loans	218,236	189,616
Commercial Real Estate Portfolio Segment [Member]
Allowance for loan losses:
Loans	449,553	426,568
Commercial Portfolio Segment [Member] | Originated Loans [Member]
Allowance for loan losses:
Allowance for loan losses, individually evaluated	2	2
Allowance for loan losses, collectively evaluated	316	295
Allowance for loan losses, ASC 310-30
Allowance for loan losses	318	297	134	117
Loans, individually evaluated	346	17
Loans, collectively evaluated	153,662	145,741
Loans, ASC 310-30
Loans	154,008	145,758
Commercial Portfolio Segment [Member]
Allowance for loan losses:
Loans	156,110	145,956
Consumer Portfolio Segment [Member] | Originated Loans [Member]
Allowance for loan losses:
Allowance for loan losses, individually evaluated	22	23
Allowance for loan losses, collectively evaluated	46	39
Allowance for loan losses, ASC 310-30
Allowance for loan losses	68	62	46	35
Loans, individually evaluated	330	362
Loans, collectively evaluated	5,202	5,588
Loans, ASC 310-30
Loans	5,532	5,950
Consumer Portfolio Segment [Member]
Allowance for loan losses:
Loans	5,532	5,950
Purchased Loans [Member]
Allowance for loan losses:
Allowance for loan losses, individually evaluated
Allowance for loan losses, collectively evaluated
Allowance for loan losses, ASC 310-30	158	133
Allowance for loan losses	158	133	364	283
Loans, individually evaluated
Loans, collectively evaluated
Loans, ASC 310-30	236,314	239,709
Loans	236,314	239,709
Unallocated Financing Receivables [Member]
Allowance for loan losses:
Allowance for loan losses, individually evaluated
Allowance for loan losses, collectively evaluated
Allowance for loan losses, ASC 310-30
Allowance for loan losses			56	56
Loans, individually evaluated
Loans, collectively evaluated
Loans, ASC 310-30
Loans
Originated Loans [Member]
Allowance for loan losses:
Loans	485,104	452,727
Allowance for loan losses, individually evaluated	400	470
Allowance for loan losses, collectively evaluated	1,948	1,747
Allowance for loan losses, ASC 310-30	158	133
Allowance for loan losses	2,506	2,350	$ 2,065	$ 1,926
Loans, individually evaluated	8,031	7,104
Loans, collectively evaluated	477,073	445,623
Loans, ASC 310-30	236,314	239,709
Loans	$ 721,418	$ 692,436

Note 4 - Loans, Allowance for37

Note 4 - Loans, Allowance for Loan Losses and Credit Quality - Impaired Loans (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Jun. 30, 2016
Residential Portfolio Segment [Member] | Originated Loans [Member]
Recorded Investment, with no related allowance	$ 4,268		$ 3,192
Unpaid Principal Balance, with no related allowance	4,320		3,299
Recorded Investment, with related allowance	1,522		1,847
Unpaid Principal Balance, with related allowance	1,510		1,802
Related Allowance	326		386
Average Recorded Investment, with no related allowance	3,730	$ 2,520
Interest Income Recognized, with no related allowance	49	39
Average Recorded Investment, with related allowance	1,685	2,064
Interest Income Recognized, with related allowance	16	23
Residential Portfolio Segment [Member] | Purchased Loans [Member]
Recorded Investment, with no related allowance	1,108		1,125
Unpaid Principal Balance, with no related allowance	1,150		1,125
Average Recorded Investment, with no related allowance	1,117
Interest Income Recognized, with no related allowance	3
Consumer Portfolio Segment [Member] | Originated Loans [Member]
Recorded Investment, with no related allowance	228		257
Unpaid Principal Balance, with no related allowance	263		282
Recorded Investment, with related allowance	102		105
Unpaid Principal Balance, with related allowance	114		112
Related Allowance	22		23
Average Recorded Investment, with no related allowance	243	290
Interest Income Recognized, with no related allowance	3	5
Average Recorded Investment, with related allowance	104	23
Interest Income Recognized, with related allowance	2	1
Commercial Real Estate Portfolio Segment [Member] | Originated Loans [Member]
Recorded Investment, with no related allowance	443		451
Unpaid Principal Balance, with no related allowance	445		453
Recorded Investment, with related allowance	1,122		1,235
Unpaid Principal Balance, with related allowance	1,114		1,223
Related Allowance	50		59
Average Recorded Investment, with no related allowance	447	1,200
Interest Income Recognized, with no related allowance	8	7
Average Recorded Investment, with related allowance	1,179	924
Interest Income Recognized, with related allowance	18	12
Commercial Real Estate Portfolio Segment [Member] | Purchased Loans [Member]
Recorded Investment, with no related allowance	4,897		4,574
Unpaid Principal Balance, with no related allowance	5,939		4,886
Recorded Investment, with related allowance	1,574		1,484
Unpaid Principal Balance, with related allowance	1,865		1,812
Related Allowance	111		66
Average Recorded Investment, with no related allowance	4,736	7,842
Interest Income Recognized, with no related allowance	52	14
Average Recorded Investment, with related allowance	1,529	1,976
Interest Income Recognized, with related allowance	17	36
Commercial Portfolio Segment [Member] | Originated Loans [Member]
Recorded Investment, with no related allowance	344		15
Unpaid Principal Balance, with no related allowance	344		15
Recorded Investment, with related allowance	2		2
Unpaid Principal Balance, with related allowance	2		2
Related Allowance	2		2
Average Recorded Investment, with no related allowance	180	2
Interest Income Recognized, with no related allowance	3
Average Recorded Investment, with related allowance	2
Interest Income Recognized, with related allowance
Commercial Portfolio Segment [Member] | Purchased Loans [Member]
Recorded Investment, with no related allowance	48
Unpaid Principal Balance, with no related allowance	88
Average Recorded Investment, with no related allowance	24
Interest Income Recognized, with no related allowance
Recorded Investment, with no related allowance	11,336		9,614
Unpaid Principal Balance, with no related allowance	12,549		10,060
Recorded Investment, with related allowance	4,322		4,673
Unpaid Principal Balance, with related allowance	4,605		4,951
Related Allowance	511		536
Collateral dependent impaired loans	15,658		14,287
Unpaid Principal Balance	17,154		$ 15,011
Average Recorded Investment, with no related allowance	10,477	11,854
Interest Income Recognized, with no related allowance	118	65
Average Recorded Investment, with related allowance	4,499	4,987
Interest Income Recognized, with related allowance	53	72
Average Recorded Investment	14,976	16,841
Interest Income Recognized	$ 171	$ 137

Note 4 - Loans, Allowance for38

Note 4 - Loans, Allowance for Loan Losses and Credit Quality - Loans by Risk Rating (Details) - USD ($) $ in Thousands		Sep. 30, 2016	Jun. 30, 2016
Commercial Real Estate Portfolio Segment [Member] | Originated Loans [Member] | Loans Rated 1-6 [Member]
Loans by risk rating		$ 214,276	$ 186,165
Commercial Real Estate Portfolio Segment [Member] | Originated Loans [Member] | Loans Rated 7 [Member]
Loans by risk rating		3,125	2,493
Commercial Real Estate Portfolio Segment [Member] | Originated Loans [Member] | Loans Rated 8 [Member]
Loans by risk rating		835	958
Commercial Real Estate Portfolio Segment [Member] | Originated Loans [Member] | Loans Rated 9 [Member]
Loans by risk rating
Commercial Real Estate Portfolio Segment [Member] | Originated Loans [Member] | Loans Rated 10 [Member]
Loans by risk rating
Commercial Real Estate Portfolio Segment [Member] | Originated Loans [Member]
Loans by risk rating		218,236	189,616
Commercial Portfolio Segment [Member] | Originated Loans [Member] | Loans Rated 1-6 [Member]
Loans by risk rating		153,599	142,451
Commercial Portfolio Segment [Member] | Originated Loans [Member] | Loans Rated 7 [Member]
Loans by risk rating		397	3,290
Commercial Portfolio Segment [Member] | Originated Loans [Member] | Loans Rated 8 [Member]
Loans by risk rating		12	17
Commercial Portfolio Segment [Member] | Originated Loans [Member] | Loans Rated 9 [Member]
Loans by risk rating
Commercial Portfolio Segment [Member] | Originated Loans [Member] | Loans Rated 10 [Member]
Loans by risk rating
Commercial Portfolio Segment [Member] | Originated Loans [Member]
Loans by risk rating		154,008	145,758
Residential Portfolio Segment [Member] | Originated Loans [Member] | Loans Rated 1-6 [Member]
Loans by risk rating	[1]	7,591	7,659
Residential Portfolio Segment [Member] | Originated Loans [Member] | Loans Rated 7 [Member]
Loans by risk rating	[1]	500	431
Residential Portfolio Segment [Member] | Originated Loans [Member] | Loans Rated 8 [Member]
Loans by risk rating	[1]	515	537
Residential Portfolio Segment [Member] | Originated Loans [Member] | Loans Rated 9 [Member]
Loans by risk rating	[1]	23	23
Residential Portfolio Segment [Member] | Originated Loans [Member] | Loans Rated 10 [Member]
Loans by risk rating	[1]
Residential Portfolio Segment [Member] | Originated Loans [Member]
Loans by risk rating	[1]	8,629	8,650
Purchased Loans [Member] | Loans Rated 1-6 [Member]
Loans by risk rating		224,071	227,895
Purchased Loans [Member] | Loans Rated 7 [Member]
Loans by risk rating		8,424	7,147
Purchased Loans [Member] | Loans Rated 8 [Member]
Loans by risk rating		3,819	4,667
Purchased Loans [Member] | Loans Rated 9 [Member]
Loans by risk rating
Purchased Loans [Member] | Loans Rated 10 [Member]
Loans by risk rating
Purchased Loans [Member]
Loans by risk rating		236,314	239,709
Loans Rated 1-6 [Member]
Loans by risk rating		599,537	564,170
Loans Rated 7 [Member]
Loans by risk rating		12,446	13,361
Loans Rated 8 [Member]
Loans by risk rating		5,181	6,179
Loans Rated 9 [Member]
Loans by risk rating		23	23
Loans Rated 10 [Member]
Loans by risk rating
Loans by risk rating		$ 617,187	$ 583,733
[1]	Certain of the Company's loans made for commercial purposes, but secured by residential collateral, are rated under the Company's risk-rating system.

Note 4 - Loans, Allowance for39

Note 4 - Loans, Allowance for Loan Losses and Credit Quality - TDRs by Type of Modification (Details) $ in Thousands	3 Months Ended
	Sep. 30, 2016USD ($)	Sep. 30, 2015USD ($)
Extended Maturity [Member]
Number of Contracts
Recorded Investment
Contractual Interest Rate Reduction [Member]
Number of Contracts	1
Recorded Investment	$ 9
Rate and Maturity [Member]
Number of Contracts	1
Recorded Investment	$ 334
Principal Forgiveness [Member]
Number of Contracts
Recorded Investment
Court Ordered Concession [Member]
Number of Contracts
Recorded Investment
Number of Contracts	2
Recorded Investment	$ 343

Note 4 - Loans, Allowance for40

Note 4 - Loans, Allowance for Loan Losses and Credit Quality - TDRs Pre and Post-modification (Details) $ in Thousands	3 Months Ended
	Sep. 30, 2016USD ($)	Sep. 30, 2015USD ($)
Originated Loans [Member] | Residential Real Estate, without Home Equity [Member]
Number of Contracts	1
Recorded Investment Pre-Modification	$ 9
Recorded Investment Post-Modification	$ 9
Originated Loans [Member] | Home Equity Portfolio Segment [Member]
Number of Contracts
Recorded Investment Pre-Modification
Recorded Investment Post-Modification
Originated Loans [Member] | Commercial Real Estate Portfolio Segment [Member]
Number of Contracts
Recorded Investment Pre-Modification
Recorded Investment Post-Modification
Originated Loans [Member] | Commercial Portfolio Segment [Member]
Number of Contracts
Recorded Investment Pre-Modification
Recorded Investment Post-Modification
Originated Loans [Member] | Consumer Portfolio Segment [Member]
Number of Contracts
Recorded Investment Pre-Modification
Recorded Investment Post-Modification
Originated Loans [Member]
Number of Contracts	1
Recorded Investment Pre-Modification	$ 9
Recorded Investment Post-Modification	$ 9
Purchased Loans [Member] | Commercial Real Estate Portfolio Segment [Member]
Number of Contracts	1
Recorded Investment Pre-Modification	$ 334
Recorded Investment Post-Modification	$ 334
Purchased Loans [Member] | Residential Portfolio Segment [Member]
Number of Contracts
Recorded Investment Pre-Modification
Recorded Investment Post-Modification
Purchased Loans [Member]
Number of Contracts	1
Recorded Investment Pre-Modification	$ 334
Recorded Investment Post-Modification	$ 334
Number of Contracts	2
Recorded Investment Pre-Modification	$ 343
Recorded Investment Post-Modification	$ 343

Note 4 - Loans, Allowance for41

Note 4 - Loans, Allowance for Loan Losses and Credit Quality - Loans Acquired Accounted for Under ASC 310-30 (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Contractually required payments receivable	$ 26,254	$ 31,276
Nonaccretable difference	(2,517)	(291)
Cash flows expected to be collected	23,737	30,985
Accretable yield	(9,884)	(7,527)
Fair value of loans acquired	13,853	23,458
Beginning balance	124,151	111,449
Acquisitions	9,884	7,527
Accretion	(4,652)	(3,755)
Reclassifications from non-accretable difference to accretable yield	(1,105)	277
Disposals and other changes	(4,255)	(5,883)
Ending balance	$ 124,023	$ 109,615

Note 4 - Loans, Allowance for42

Note 4 - Loans, Allowance for Loan Losses and Credit Quality - Loans Acquired Not Accounted for Using the Income Recognition Model (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Loans acquired during the period	$ 1,103
Loans at end of period	$ 4,439	$ 6,826

Note 4 - Loans, Allowance for43

Note 4 - Loans, Allowance for Loan Losses and Credit Quality - Unpaid Principal Balance and Carrying Amounts of ASC 310-30 Loans (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Jun. 30, 2016
Unpaid principal balance	$ 265,571	$ 267,985
Carrying amount	$ 234,076	$ 237,054

Note 5 - Transfers and Servic44

Note 5 - Transfers and Servicing of Financial Assets (Details Textual) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Jun. 30, 2016
Mortgage Loans [Member]
Proceeds from Sale of Loans Held-for-investment	$ 25,000	$ 28,900
Mortgage Servicing Rights [Member]
Proceeds from Sale of Mortgage Servicing Rights (MSR)	$ 12,500		$ 12,900
Assumption for Fair Value of Assets or Liabilities that relate to Transferor's Continuing Involvement, Discount Rate	5.50%
Assumption for Fair Value of Assets or Liabilities that relate to Transferor's Continuing Involvement, Prepayment Speed	18.70%
Commercial Loan [Member]
Proceeds from Sale of Mortgage Servicing Rights (MSR)	$ 33,200		35,900
SBA [Member] | Minimum [Member]
Assumption for Fair Value of Assets or Liabilities that relate to Transferor's Continuing Involvement, Discount Rate	8.50%
SBA [Member] | Maximum [Member]
Assumption for Fair Value of Assets or Liabilities that relate to Transferor's Continuing Involvement, Discount Rate	14.10%
SBA [Member]
Proceeds from Sale of Loans Held-for-investment	$ 7,400	5,500
Proceeds from Sale of Mortgage Servicing Rights (MSR)	$ 103,600		80,800
Assumption for Fair Value of Assets or Liabilities that relate to Transferor's Continuing Involvement, Prepayment Speed	7.70%
Servicing Asset at Amortized Cost	$ 2,200		$ 1,800
Contractually Specified Servicing Fees, Amount	$ 160	$ 149

Note 6 - Earnings Per Share (45

Note 6 - Earnings Per Share (EPS) - Number of Shared Outstanding for Basic and Diluted EPS (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Net income	$ 1,751	$ 1,867
Preferred stock dividends or accretion
Net income available to common shareholders	$ 1,751	$ 1,867
Weighted average shares used in calculation of basic EPS (in shares)	9,106,144	9,562,812
Incremental shares from assumed exercise of dilutive securities (in shares)	27,239	0
Weighted average shares used in calculation of diluted EPS (in shares)	9,133,383	9,562,812
Earnings per common share:
Basic (in dollars per share)	$ 0.19	$ 0.20
Diluted (in dollars per share)	$ 0.19	$ 0.20

Note 6 - Earnings Per Share (46

Note 6 - Earnings Per Share (EPS) - Average Anti-Dilutive Options and Warrants (Details) - shares	3 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Employee Stock Option [Member]
Stock options (in shares)	714,545	980,269

Note 7 - Derivatives and Hedg47

Note 7 - Derivatives and Hedging Activities (Details Textual) $ in Millions	3 Months Ended
	Sep. 30, 2016USD ($)	Sep. 30, 2015
Interest Rate Cap [Member]
Derivative, Number of Contracts Terminated Prior to Maturity	0	0
Interest Rate Swap [Member]
Derivative, Number of Contracts Terminated Prior to Maturity	0	0
Derivative, Collateral, Right to Reclaim Cash	$ 3.1

Note 7 - Derivatives and Hedg48

Note 7 - Derivatives and Hedging Activities - Interest Rate Caps and Swap Agreements Used to Hedge Variable Rate Debt (Details) - USD ($) $ in Thousands	3 Months Ended	24 Months Ended
	Sep. 30, 2016	Jun. 30, 2016
Interest Rate Swaps Terminating in July 2033 [Member] | Other Liabilities [Member]
Notional Amount	$ 5,000	$ 5,000
Index	3 Mo. LIBOR	3 Mo. LIBOR
Receive Rate	0.85%	0.65%
Pay Rate	3.38%	3.38%
Strike Rate
Unrealized Loss	$ 1,314	$ 1,352
Fair Value	(1,314)	(1,352)
Unrealized Loss	(1,314)	(1,352)
Interest Rate Swaps Terminating in July 2028 [Member] | Other Liabilities [Member]
Notional Amount	$ 5,000	$ 5,000
Index	3 Mo. LIBOR	3 Mo. LIBOR
Receive Rate	0.85%	0.65%
Pay Rate	3.23%	3.23%
Strike Rate
Unrealized Loss	$ 947	$ 1,005
Fair Value	(947)	(1,005)
Unrealized Loss	(947)	(1,005)
Interest Rate Swaps Terminating in July 2023 [Member] | Other Liabilities [Member]
Notional Amount	$ 5,000	$ 5,000
Index	3 Mo. LIBOR	3 Mo. LIBOR
Receive Rate	0.85%	0.65%
Pay Rate	2.77%	2.77%
Strike Rate
Unrealized Loss	$ 493	$ 560
Fair Value	(493)	(560)
Unrealized Loss	(493)	(560)
Interest Rate Caps Terminating in September 2019 [Member] | Other Assets [Member]
Notional Amount	$ 6,000	$ 6,000
Index	3 Mo. LIBOR	3 Mo. LIBOR
Receive Rate
Pay Rate
Strike Rate	2.50%	2.50%
Unrealized Loss	$ 170	$ 167
Fair Value	7	10
Unrealized Loss	(170)	(167)
Interest Rate Caps Terminating in February 2020 [Member] | Other Assets [Member]
Notional Amount	$ 10,000	$ 10,000
Index	3 Mo. LIBOR	3 Mo. LIBOR
Receive Rate
Pay Rate
Strike Rate	2.50%	2.50%
Unrealized Loss	$ 198	$ 192
Fair Value	18	25
Unrealized Loss	(198)	(192)
Notional Amount	31,000	31,000
Unrealized Loss	3,122	3,276
Fair Value	(2,729)	(2,882)
Unrealized Loss	$ (3,122)	$ (3,276)

Note 8 - Other Comprehensive 49

Note 8 - Other Comprehensive Income - Components of Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Change in net unrealized (loss) gain on available-for-sale securities	$ (78)	$ 466
Change in net unrealized gain or loss on available-for-sale securities, tax expense (benefit)	(30)	178
Change in net unrealized gain or loss on available-for-sale securities, after-tax amount	(48)	288
Change in accumulated gain (loss) on effective cash flow hedges	154	(838)
Change in accumulated loss on effective cash flow hedges, tax expense (benefit)	61	(319)
Change in accumulated loss on effective cash flow hedges, after-tax amount	93	(519)
Reclassification adjustments included in net income
Reclassification adjustment for net gains included in net income, tax expense (benefit)
Reclassification adjustment for net gains included in net income, after-tax amount
Total derivatives and hedging activities, pre tax	154	(838)
Total derivatives and hedging activities, tax expense (benefit)	61	(319)
Total derivatives and hedging activities, after-tax amount	93	(519)
Total other comprehensive loss, pre tax	76	(372)
Total other comprehensive loss, tax expense (benefit)	31	(141)
Total other comprehensive loss, after-tax amount	$ 45	$ (231)

Note 8 - Other Comprehensive 50

Note 8 - Other Comprehensive Income - Components of Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Jun. 30, 2016
Accumulated Net Investment Gain (Loss) Attributable to Parent [Member]
Unrealized loss on available-for-sale securities, before tax	$ 119	$ 197
Unrealized loss on available-for-sale securities, tax effect	(45)	(75)
Unrealized loss on available-for-sale securities, net-of-tax amount	74	122
Accumulated other comprehensive loss	74	122
Accumulated Net Gain (Loss) from Cash Flow Hedges Attributable to Parent [Member]
Unrealized loss on available-for-sale securities, before tax	(3,122)	(3,276)
Unrealized loss on available-for-sale securities, tax effect	1,187	1,248
Unrealized loss on available-for-sale securities, net-of-tax amount	(1,935)	(2,028)
Accumulated other comprehensive loss	(1,935)	(2,028)
Unrealized loss on available-for-sale securities, net-of-tax amount	(1,861)	(1,906)
Accumulated other comprehensive loss	$ (1,861)	$ (1,906)

Note 9 - Commitments and Cont51

Note 9 - Commitments and Contingencies (Details Textual) - USD ($) $ in Thousands	Sep. 30, 2016	Jun. 30, 2016
CRA Qualified Investment [Member]
Fair Value Disclosure, Off-balance Sheet Risks, Face Amount, Liability	$ 2,500	$ 2,500
Loss Contingency, Estimate of Possible Loss	$ 56	$ 81

Note 9 - Commitments and Cont52

Note 9 - Commitments and Contingencies - Financial Instruments with Contract Amounts That Represent Credit Risk (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Jun. 30, 2016
Commitments to Grant Loans [Member]
Financial Instruments which Represent Credit Risks	$ 24,920	$ 44,684
Unfunded Commitments Under Lines of Credit [Member]
Financial Instruments which Represent Credit Risks	58,635	58,412
Standby Letters of Credit Risk [Member]
Financial Instruments which Represent Credit Risks	3,822	3,822
CRA Qualified Investment [Member]
Financial Instruments which Represent Credit Risks	$ 2,500	$ 2,500

Note 10 - Stock-Based Compens53

Note 10 - Stock-Based Compensation (Details Textual) - Restricted Stock [Member]	3 Months Ended
	Sep. 30, 2016shares
Vest In Full By August 25, 2019 [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period	15,000
Performance-Based Vesting Over Three Years [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period	50,000
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	3 years
Share-based Compensation Arrangement by Share-based Payment Award, Vesting Threshold, ROE, Percentage of Targeted Returns	70.00%
Vests In Three Equal Installments After August 25, 2019 [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period	95,000
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period	160,000

Note 10 - Stock-Based Compens54

Note 10 - Stock-Based Compensation - Summary of Restricted Share Activity (Details) - Restricted Stock [Member] - $ / shares	3 Months Ended
	Sep. 30, 2016	Sep. 30, 2016
Unvested at beginning of period, shares (in shares)	251,859
Unvested at beginning of period, weighted average grant date fair value (in dollars per share)	$ 9.93
Granted, shares (in shares)	160,000
Granted, weighted average grant date fair value (in dollars per share)	$ 11.20
Vested, shares (in shares)
Vested, weighted average grant date fair value (in dollars per share)
Forfeited, shares (in shares)	(1,000)
Forfeited, weighted average grant date fair value (in dollars per share)	$ 9.47
Unvested at end of period, shares (in shares)	251,859	410,859
Unvested at end of period, weighted average grant date fair value (in dollars per share)	$ 10.43

Note 11 - Fair Value Measurem55

Note 11 - Fair Value Measurements (Details Textual)	3 Months Ended
	Sep. 30, 2016
Market Approach Valuation Technique [Member] | Minimum [Member]
Fair Value Inputs, Underlying Collateral On Impaired Loans	6.00%
Market Approach Valuation Technique [Member] | Maximum [Member]
Fair Value Inputs, Underlying Collateral On Impaired Loans	71.00%
Income Approach Valuation Technique [Member] | Minimum [Member]
Fair Value Inputs, Prepayment Rate	7.70%
Fair Value Inputs, Discount Rate	5.50%
Income Approach Valuation Technique [Member] | Maximum [Member]
Fair Value Inputs, Prepayment Rate	18.70%
Fair Value Inputs, Discount Rate	14.10%

Note 11 - Fair Value Measurem56

Note 11 - Fair Value Measurements - Assets and Liablities Measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Thousands		Sep. 30, 2016	Jun. 30, 2016
Fair Value, Measurements, Recurring [Member] | US Government Agencies Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member]
Available-for-sale securities, at fair value
Fair Value, Measurements, Recurring [Member] | US Government Agencies Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member]
Available-for-sale securities, at fair value		48,849	52,046
Fair Value, Measurements, Recurring [Member] | US Government Agencies Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member]
Available-for-sale securities, at fair value
Fair Value, Measurements, Recurring [Member] | US Government Agencies Debt Securities [Member]
Available-for-sale securities, at fair value		48,849	52,046
Fair Value, Measurements, Recurring [Member] | Collateralized Mortgage Backed Securities [Member] | Fair Value, Inputs, Level 1 [Member]
Available-for-sale securities, at fair value
Fair Value, Measurements, Recurring [Member] | Collateralized Mortgage Backed Securities [Member] | Fair Value, Inputs, Level 2 [Member]
Available-for-sale securities, at fair value		40,571	43,368
Fair Value, Measurements, Recurring [Member] | Collateralized Mortgage Backed Securities [Member] | Fair Value, Inputs, Level 3 [Member]
Available-for-sale securities, at fair value
Fair Value, Measurements, Recurring [Member] | Collateralized Mortgage Backed Securities [Member]
Available-for-sale securities, at fair value		40,571	43,368
Fair Value, Measurements, Recurring [Member] | Collateralized Debt Obligations [Member] | Fair Value, Inputs, Level 1 [Member]
Available-for-sale securities, at fair value	[1]
Fair Value, Measurements, Recurring [Member] | Collateralized Debt Obligations [Member] | Fair Value, Inputs, Level 2 [Member]
Available-for-sale securities, at fair value	[1]
Fair Value, Measurements, Recurring [Member] | Collateralized Debt Obligations [Member] | Fair Value, Inputs, Level 3 [Member]
Available-for-sale securities, at fair value	[1]
Fair Value, Measurements, Recurring [Member] | Collateralized Debt Obligations [Member]
Available-for-sale securities, at fair value	[1]	5,163	5,158
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Interest Rate Cap [Member]
Interest rate caps
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Interest Rate Swap [Member]
Interest rate swaps
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Interest Rate Cap [Member]
Interest rate caps		25	35
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Interest Rate Swap [Member]
Interest rate swaps		2,754	2,917
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Interest Rate Cap [Member]
Interest rate caps
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Interest Rate Swap [Member]
Interest rate swaps
Fair Value, Measurements, Recurring [Member] | Interest Rate Cap [Member]
Interest rate caps		25	35
Fair Value, Measurements, Recurring [Member] | Interest Rate Swap [Member]
Interest rate swaps		2,754	2,917
US Government Agencies Debt Securities [Member]
Available-for-sale securities, at fair value		48,849	52,046
Collateralized Mortgage Backed Securities [Member]
Available-for-sale securities, at fair value		40,571	43,368
Collateralized Debt Obligations [Member]
Available-for-sale securities, at fair value		5,163	5,158
Available-for-sale securities, at fair value		94,583	100,572
Interest rate swaps		$ 2,729	$ 2,882
[1]	In accordance with ASU 820-10, certain investments that are measured at fair value using the net asset value per share (or its equivalent) as a practical expedient have not been classified in the fair value hierarchy. The fair value amount presented in the table are intended to permit reconciliation of the fair value amount to the consolidated financial statements.

Note 11 - Fair Value Measurem57

Note 11 - Fair Value Measurements - Assets Measured at Fair Value on a Nonrecurring Basis (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Jun. 30, 2016
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 1 [Member]
Collateral dependent impaired loans
Real estate owned and other repossessed collateral, net
Loan servicing rights
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 2 [Member]
Collateral dependent impaired loans
Real estate owned and other repossessed collateral, net
Loan servicing rights
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member]
Collateral dependent impaired loans	1,743	922
Real estate owned and other repossessed collateral, net	3,774	1,652
Loan servicing rights	2,174	1,771
Fair Value, Measurements, Nonrecurring [Member]
Collateral dependent impaired loans	1,743	922
Real estate owned and other repossessed collateral, net	3,774	1,652
Loan servicing rights	2,174	1,771
Collateral dependent impaired loans	15,658	14,287
Real estate owned and other repossessed collateral, net	$ 3,774	$ 1,652

Note 11 - Fair Value Measurem58

Note 11 - Fair Value Measurements - Quantitative Information (Details) - USD ($) $ in Thousands		Sep. 30, 2016	Jun. 30, 2016
Collateral Dependent Impaired Loans [Member] | Market Approach Valuation Technique [Member]
Assets measured at fair value on a nonrecurring basis	[1]	$ 1,743	$ 922
Real Estate Owned and Other Repossessed Collateral [Member] | Market Approach Valuation Technique [Member]
Assets measured at fair value on a nonrecurring basis	[1]	3,774	1,652
Loan Servicing Rights [Member] | Income Approach Valuation Technique [Member]
Assets measured at fair value on a nonrecurring basis	[2]	$ 2,174	$ 1,771
[1]	Fair value is generally determined through independent appraisals of the underlying collateral. The Company may also use another available source of collateral assessment to determine a reasonable estimate of the fair value of the collateral. Appraisals may be adjusted by management for qualitative factors such as economic factors and estimated liquidation expenses. The range of these possible adjustments was 6% to 71%.
[2]	Fair value is determined using a discounted cash flow model. The unobservable inputs include anticipated rate of loan prepayments and discount rates. The range of prepayment assumptions used was 7.7% to 18.7%. For discount rates, the range was 5.5% to 14.1%.

Note 11 - Fair Value Measurem59

Note 11 - Fair Value Measurements - Estimated Fair Value of the Company's Financial Instruments (Details) - USD ($) $ in Thousands		Sep. 30, 2016	Jun. 30, 2016
Reported Value Measurement [Member] | Interest Rate Cap [Member]
Interest rate caps		$ 25	$ 35
Financial assets:
Interest rate caps		25	35
Reported Value Measurement [Member] | Interest Rate Swap [Member]
Financial liabilities:
Interest rate swaps		2,754	2,917
Reported Value Measurement [Member]
Cash and cash equivalents		126,249	151,157
Available-for-sale securities, at fair value		89,420	95,414
Other investment measured at net asset value(1)	[1]	5,163	5,158
Federal Home Loan Bank stock		2,408	2,408
Loans held for sale		7,253	7,519
Loans, net		718,912	690,086
Accrued interest receivable		1,728	1,579
Financial liabilities:
Deposits		805,409	800,432
FHLBB advances		30,046	30,075
Capital lease obligation		1,066	1,128
Subordinated debentures		23,393	23,331
Financial assets:
Cash and cash equivalents		126,249	151,157
Available-for-sale securities, at fair value		89,420	95,414
Other investment measured at net asset value(1)	[1]	5,163	5,158
Federal Home Loan Bank stock		2,408	2,408
Loans held for sale		7,253	7,519
Loans, net		718,912	690,086
Accrued interest receivable		1,728	1,579
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member] | Interest Rate Cap [Member]
Interest rate caps
Financial assets:
Interest rate caps
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member] | Interest Rate Swap [Member]
Financial liabilities:
Interest rate swaps
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member]
Cash and cash equivalents		126,249	151,157
Available-for-sale securities, at fair value
Other investment measured at net asset value(1)	[1]
Federal Home Loan Bank stock
Loans held for sale
Loans, net
Accrued interest receivable
Financial liabilities:
Deposits
FHLBB advances
Capital lease obligation
Subordinated debentures
Financial assets:
Cash and cash equivalents		126,249	151,157
Available-for-sale securities, at fair value
Other investment measured at net asset value(1)	[1]
Federal Home Loan Bank stock
Loans held for sale
Loans, net
Accrued interest receivable
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | Interest Rate Cap [Member]
Interest rate caps		25	35
Financial assets:
Interest rate caps		25	35
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | Interest Rate Swap [Member]
Financial liabilities:
Interest rate swaps		2,754	2,917
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member]
Cash and cash equivalents
Available-for-sale securities, at fair value		89,420	95,414
Other investment measured at net asset value(1)	[1]
Federal Home Loan Bank stock		2,408	2,408
Loans held for sale		7,253	7,519
Loans, net
Accrued interest receivable		1,728	1,579
Financial liabilities:
Deposits		806,325	801,045
FHLBB advances		30,262	30,396
Capital lease obligation		1,145	1,219
Subordinated debentures
Financial assets:
Cash and cash equivalents
Available-for-sale securities, at fair value		89,420	95,414
Other investment measured at net asset value(1)	[1]
Federal Home Loan Bank stock		2,408	2,408
Loans held for sale		7,253	7,519
Loans, net
Accrued interest receivable		1,728	1,579
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member] | Interest Rate Cap [Member]
Interest rate caps
Financial assets:
Interest rate caps
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member] | Interest Rate Swap [Member]
Financial liabilities:
Interest rate swaps
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member]
Cash and cash equivalents
Available-for-sale securities, at fair value
Other investment measured at net asset value(1)	[1]
Federal Home Loan Bank stock
Loans held for sale
Loans, net		727,794	695,830
Accrued interest receivable
Financial liabilities:
Deposits
FHLBB advances
Capital lease obligation
Subordinated debentures		25,932	25,664
Financial assets:
Cash and cash equivalents
Available-for-sale securities, at fair value
Other investment measured at net asset value(1)	[1]
Federal Home Loan Bank stock
Loans held for sale
Loans, net		727,794	695,830
Accrued interest receivable
Estimate of Fair Value Measurement [Member] | Interest Rate Cap [Member]
Interest rate caps		25	35
Financial assets:
Interest rate caps		25	35
Estimate of Fair Value Measurement [Member] | Interest Rate Swap [Member]
Financial liabilities:
Interest rate swaps		2,754	2,917
Estimate of Fair Value Measurement [Member]
Cash and cash equivalents		126,249	151,157
Available-for-sale securities, at fair value		89,420	95,414
Other investment measured at net asset value(1)	[1]	5,163	5,158
Federal Home Loan Bank stock		2,408	2,408
Loans held for sale		7,253	7,519
Loans, net		727,794	695,830
Accrued interest receivable		1,728	1,579
Financial liabilities:
Deposits		806,325	801,045
FHLBB advances		30,262	30,396
Capital lease obligation		1,145	1,219
Subordinated debentures		25,932	25,664
Financial assets:
Cash and cash equivalents		126,249	151,157
Available-for-sale securities, at fair value		89,420	95,414
Other investment measured at net asset value(1)	[1]	5,163	5,158
Federal Home Loan Bank stock		2,408	2,408
Loans held for sale		7,253	7,519
Loans, net		727,794	695,830
Accrued interest receivable		1,728	1,579
Available-for-sale securities, at fair value		94,583	100,572
Interest rate swaps		2,729	2,882
Available-for-sale securities, at fair value		$ 94,583	$ 100,572
[1]	In accordance with ASU 820-10, certain investments that are measured at fair value using the net asset value per share (or its equivalent) as a practical expedient have not been classified in the fair value hierarchy. The fair value amount presented in the table are intended to permit reconciliation of the fair value amount to the consolidated financial statements.