Northeast Bank (NBN) 10-Q 9 Feb 17 2017 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Dec. 31, 2016	Feb. 02, 2017
Document Information [Line Items]
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	Dec. 31, 2016
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q2
Amendment Flag	false
Nonvoting Common Stock [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding (in shares)		1,312,530
Voting Common Stock [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding (in shares)		7,518,705

Consolidated Balance Sheets (Cu

Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands	Dec. 31, 2016	Jun. 30, 2016
Assets
Cash and due from banks	$ 2,586	$ 2,459
Short-term investments	109,610	148,698
Total cash and cash equivalents	112,196	151,157
Available-for-sale securities, at fair value	90,533	100,572
Residential real estate loans held for sale	5,217	6,449
SBA loans held for sale	3,762	1,070
Total loans held for sale	8,979	7,519
Loans	766,938	692,436
Less: Allowance for loan losses	3,107	2,350
Loans, net	763,831	690,086
Premises and equipment, net	7,179	7,801
Real estate owned and other repossessed collateral, net	3,145	1,652
Federal Home Loan Bank stock, at cost	1,938	2,408
Intangible assets, net	1,514	1,732
Bank owned life insurance	15,953	15,725
Other assets	7,391	7,501
Total assets	1,012,659	986,153
Liabilities and Shareholders' Equity
Demand	76,721	66,686
Savings and interest checking	107,386	107,218
Money market	319,933	275,437
Time	335,531	351,091
Total deposits	839,571	800,432
Federal Home Loan Bank advances	20,024	30,075
Subordinated debt	23,469	23,331
Capital lease obligation	1,003	1,128
Other liabilities	13,650	14,596
Total liabilities	897,717	869,562
Commitments and contingencies
Shareholders' equity
Preferred stock, $1.00 par value, 1,000,000 shares authorized; no shares issued and outstanding at December 31, 2016 and June 30, 2016
Additional paid-in capital	77,046	83,020
Retained earnings	30,830	26,160
Accumulated other comprehensive loss	(1,765)	(1,906)
Total shareholders' equity	114,942	116,591
Total liabilities and shareholders' equity	1,012,659	986,153
Voting Common Stock [Member]
Shareholders' equity
Common Stock	7,487	8,089
Nonvoting Common Stock [Member]
Shareholders' equity
Common Stock	1,344	1,228
Commercial Real Estate Portfolio Segment [Member]
Assets
Loans	503,448	426,568
Residential Portfolio Segment [Member]
Assets
Loans	106,949	113,962
Commercial Portfolio Segment [Member]
Assets
Loans	151,228	145,956
Consumer Portfolio Segment [Member]
Assets
Loans	$ 5,313	$ 5,950

Consolidated Balance Sheets (C3

Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - $ / shares	Dec. 31, 2016	Jun. 30, 2016
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
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

Consolidated Statements of Inco

Consolidated Statements of Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2016	Dec. 31, 2015
Interest and dividend income:
Interest and fees on loans	$ 13,913	$ 11,719	$ 25,716	$ 22,509
Interest on available-for-sale securities	247	236	486	464
Other interest and dividend income	172	80	387	176
Total interest and dividend income	14,332	12,035	26,589	23,149
Interest expense:
Deposits	1,798	1,425	3,553	2,789
Federal Home Loan Bank advances	220	259	475	519
Wholesale repurchase agreements				67
Short-term borrowings		5		13
Junior subordinated debentures issued to affiliated trusts	468	158	927	312
Obligation under capital lease agreements	13	16	27	33
Total interest expense	2,499	1,863	4,982	3,733
Net interest and dividend income before provision for loan losses	11,833	10,172	21,607	19,416
Provision for loan losses	628	896	820	1,065
Net interest and dividend income after provision for loan losses	11,205	9,276	20,787	18,351
Noninterest income:
Fees for other services to customers	481	428	889	836
Gain on sales of residential loans held for sale	337	398	878	957
Gain on sales of portfolio loans	1,734	679	2,476	1,354
Loss recognized on real estate owned and other repossessed collateral, net	3	(14)	(11)	(74)
Bank-owned life insurance income	114	112	228	224
Other noninterest income	21	21	38	29
Total noninterest income	2,690	1,624	4,498	3,326
Noninterest expense:
Salaries and employee benefits	5,161	4,854	10,475	9,110
Occupancy and equipment expense	1,252	1,320	2,481	2,610
Professional fees	399	264	895	694
Data processing fees	410	366	832	714
Marketing expense	97	66	184	136
Loan acquisition and collection expense	547	219	774	663
FDIC insurance premiums	22	116	146	229
Intangible asset amortization	109	131	218	262
Other noninterest expense	959	860	1,577	1,589
Total noninterest expense	8,956	8,196	17,582	16,007
Income before income tax expense	4,939	2,704	7,703	5,670
Income tax expense	1,839	960	2,852	2,059
Net income	$ 3,100	$ 1,744	$ 4,851	$ 3,611
Weighted-average shares outstanding:
Basic (in shares)	8,831,235	9,559,369	8,968,690	9,560,913
Diluted (in shares)	8,864,618	9,569,585	8,999,062	9,567,138
Earnings per common share:
Basic (in dollars per share)	$ 0.35	$ 0.18	$ 0.54	$ 0.38
Diluted (in dollars per share)	0.35	0.18	0.54	0.38
Cash dividends declared per common share (in dollars per share)	$ 0.01	$ 0.01	$ 0.02	$ 0.02

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2016	Dec. 31, 2015
Net income	$ 3,100	$ 1,744	$ 4,851	$ 3,611
Other comprehensive income, before tax:
Change in net unrealized loss on available-for-sale securities	(1,336)	(692)	(1,414)	(226)
Change in accumulated gain (loss) on effective cash flow hedges	1,486	284	1,633	(554)
Reclassification adjustments included in net income	8		14
Total derivatives and hedging activities	1,494	284	1,647	(554)
Total other comprehensive income (loss), before tax	158	(408)	233	(780)
Income tax expense (benefit) related to other comprehensive (loss) income	62	(155)	92	(296)
Other comprehensive income (loss), net of tax	96	(253)	141	(484)
Comprehensive income	$ 3,196	$ 1,491	$ 4,992	$ 3,127

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				3,611		3,611
Other comprehensive loss, net of tax					(484)	(484)
Common stock repurchased (in shares)	(125,100)
Common stock repurchased	$ (125)		(1,204)			(1,329)
Conversion of voting common stock to non-voting common stock (in shares)	(16,371)	16,371
Conversion of voting common stock to non-voting common stock	$ (16)	$ 16
Dividends on common stock at $0.02 per share				(192)		(192)
Stock-based compensation			280			280
Issuance of restricted common stock (in shares)	100,000
Issuance of restricted common stock	$ 100		(100)
Cancellation and forfeiture of restricted common stock (in shares)	(43,054)
Cancellation and forfeiture of restricted common stock	$ (43)		43
Balance (in shares) at Dec. 31, 2015	8,490,619	1,029,110
Balance at Dec. 31, 2015	$ 8,491	$ 1,029	84,525	22,340	(1,772)	114,613
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				4,851		4,851
Other comprehensive loss, net of tax					141	141
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 $0.02 per share				(181)		(181)
Stock-based compensation			483			483
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 Dec. 31, 2016	7,487,552	1,343,683
Balance at Dec. 31, 2016	$ 7,487	$ 1,344	$ 77,046	$ 30,830	$ (1,765)	$ 114,942

Consolidated Statements of Cha7

Consolidated Statements of Changes in Shareholders' Equity (Unaudited) (Parentheticals) - $ / shares	6 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Retained Earnings [Member]
Cash dividends declared per common share (in dollars per share)	$ 0.02	$ 0.02
Cash dividends declared per common share (in dollars per share)	$ 0.02	$ 0.02

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Operating activities:
Net income	$ 4,851	$ 3,611
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for loan losses	820	1,065
(Gain) loss on sale and impairment of real estate owned and other repossessed collateral, net	(70)	68
Loss on sale and disposal of premises and equipment, net	82	6
Amortization of subordinated debt issuance costs	138
Originations of loans held for sale	(66,778)	(49,640)
Net proceeds from sales of loans held for sale	71,100	64,525
Gain on sales of residential loans held for sale	(878)	(957)
Gain on sales of SBA loans held for sale	(2,476)	(1,354)
Amortization of intangible assets	218	262
Bank-owned life insurance income, net	(228)	(224)
Depreciation of premises and equipment	769	824
Stock-based compensation	483	280
Amortization of available-for-sale securities, net	555	490
Changes in other assets and liabilities:
Other assets	18	165
Other liabilities	701	(1,027)
Net cash provided by operating activities	3,612	12,493
Investing activities:
Purchases of available-for-sale securities	(9,056)	(17,548)
Proceeds from maturities and principal payments on available-for-sale securities	17,126	14,400
Loan purchases	(59,886)	(59,311)
Loan originations, principal collections, and purchased loan paydowns, net	(13,413)	(15,424)
Purchases and disposals of premises and equipment, net	(229)	(1,038)
Redemption of Federal Home Loan Bank stock	470	1,531
Proceeds from sales of real estate owned and other repossessed collateral	523	959
Net cash used in investing activities	(64,465)	(76,431)
Financing activities:
Net increase in deposits	39,141	52,011
Net increase in short-term borrowings		77
Repurchase of common stock	(6,943)	(1,329)
Dividends paid on common stock	(181)	(192)
Repayment of wholesale repurchase agreements		(10,000)
Repayment of Federal Home Loan Bank advances	(10,000)
Repayment of capital lease obligation	(125)	(116)
Net cash provided by financing activities	21,892	40,451
Net decrease in cash and cash equivalents	(38,961)	(23,487)
Cash and cash equivalents, beginning of period	151,157	89,850
Cash and cash equivalents, end of period	112,196	66,363
Supplemental schedule of noncash investing activities:
Transfers from loans to real estate owned and other repossessed collateral	1,946	614
Loans Location [Member]
Adjustments to reconcile net income to net cash provided by operating activities:
Accretion of fair value adjustments	(5,640)	(5,600)
Deposits Location [Member]
Adjustments to reconcile net income to net cash provided by operating activities:
Accretion of fair value adjustments	(2)	(4)
Borrowing Location [Member]
Adjustments to reconcile net income to net cash provided by operating activities:
Accretion of fair value adjustments	$ (51)	$ 3

Note 1 - Basis of Presentation

Note 1 - Basis of Presentation	6 Months Ended
	Dec. 31, 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 10 June 30, 2016 2016”) 10

Note 2 - Recent Accounting Pron

Note 2 - Recent Accounting Pronouncements	6 Months Ended
	Dec. 31, 2016
Notes to Financial Statements
New Accounting Pronouncements and Changes in Accounting Principles [Text Block]	2. Recent Accounting Pronouncements In May 2014, 2014 09, Revenue from Contracts with Customers (Topic 606) 2014 09”). 2014 09 2014 09 2015 14, Revenue from Contracts with Customers (Topic 606) 2014 09”) August 2015 December 15, 2017. 2014 09 In January 2016, 2016 01, Financial Instruments—Overall (Subtopic 825 10): 2016 01”). December 15, 2017, one six 2016 01 In February 2016, 2016 02, Leases (Topic 842) 2016 02”). December 15, 2018, 2016 02 In March 2016, 2016 05, Derivatives and Hedging (Topic 815): 2016 05”). 815 December 15, 2016, In March 2016, 2016 09, Compensation-Stock Compensation (Topic 718): 2016 09”). December 15, 2016, In June 2016, 2016 13, Financial Instruments – Credit Losses (Topic 326) 2016 13”). December 15, 2019. December 15, 2018. 2016 13 In August 2016, 2016 15, Statement of Cash Flows (Topic 230) 2016 15”). zero December 15, 2017, In November 2016, 2016 18, Statement of Cash Flows (Topic 230) 2016 18”). December 15, 2017, 2016 18

Note 3 - Securities Available-f

Note 3 - Securities Available-for-sale	6 Months Ended
	Dec. 31, 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. December 31, 2016 Amortized Gross Unrealized Gross Unrealized Fair Cost Gains Losses Value (Dollars in thousands) U.S. Government agency securities $ 48,711 $ 5 $ (216 ) $ 48,500 Agency mortgage-backed securities 37,882 - (882 ) 37,000 Other investment measured at net asset value 5,157 - (124 ) 5,033 $ 91,750 $ 5 $ (1,222 ) $ 90,533 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 three six December 31, 2016 2015. At December 31, 2016, no 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. December 31, 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 $ 42,493 $ (216 ) $ - $ - $ 42,493 $ (216 ) Agency mortgage-backed securities 22,574 (375 ) 14,425 (507 ) 36,999 (882 ) Other investment measured at net asset value 5,033 (124 ) - - 5,033 (124 ) $ 70,100 $ (715 ) $ 14,425 $ (507 ) $ 84,525 $ (1,222 ) 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 three six December 31, 2016 2015. At December 31, 2016, seven twelve December 31, 2016, December 31, 2016 In addition to considering current trends and economic conditions that may December 31, 2016, December 31, 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 the fund is primarily government agencies or other investment-grade investments. As of December 31, 2016, 5.32 The amortized cost and fair values of available-for-sale debt securities by contractual maturity are shown below as of December 31, 2016. may may Amortized Fair Cost Value (Dollars in thousands) Due within one year $ 9,230 $ 9,224 Due after one year through five years 39,481 39,277 Due after five years through ten years 16,669 16,491 Due after ten years 21,213 20,508 Total $ 86,593 $ 85,500

Note 4 - Loans, Allowance for L

Note 4 - Loans, Allowance for Loan Losses and Credit Quality	6 Months Ended
	Dec. 31, 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, 310 30"). 310 30 may Loans are generally placed on nonaccrual status when they are past due 90 310 30 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 310 30, 310 30 six The composition of the Company’s loan portfolio is as follows on the dates indicated. December 31, 2016 June 30, 2016 Originated Purchased Total Originated Purchased Total (Dollars in thousands) Residential real estate $ 87,900 $ 3,085 $ 90,985 $ 93,391 $ 2,559 $ 95,950 Home equity 15,964 - 15,964 18,012 - 18,012 Commercial real estate 253,601 249,847 503,448 189,616 236,952 426,568 Commercial and industrial 150,087 1,141 151,228 145,758 198 145,956 Consumer 5,313 - 5,313 5,950 - 5,950 Total loans $ 512,865 $ 254,073 $ 766,938 $ 452,727 $ 239,709 $ 692,436 Total loans include net deferred loan origination costs of $463 $58 December 31, 2016 June 30, 2016, Past Due and Nonaccrual Loans The following is a summary of past due and non-accrual loans: December 31, 2016 30-59 Days 60-89 Days Past Due 90 Days or More-Still Accruing Past Due 90 Days or More- Nonaccrual Total Past Due Total Current Total Loans Non- Accrual Loans (Dollars in thousands) Originated portfolio: Residential real estate $ 1,052 $ 823 $ - $ 1,596 $ 3,471 $ 84,429 $ 87,900 $ 2,827 Home equity - - - 48 48 15,916 15,964 48 Commercial real estate 882 522 - 137 1,541 252,060 253,601 396 Commercial and industrial 48 - - 677 725 149,362 150,087 2,659 Consumer 128 28 - 19 175 5,138 5,313 48 Total originated portfolio 2,110 1,373 - 2,477 5,960 506,905 512,865 5,978 Purchased portfolio: Residential real estate 1 - - - 1 3,084 3,085 1,066 Commercial and industrial 219 56 - 35 310 831 1,141 98 Commercial real estate 12,150 713 - 2,721 15,584 234,263 249,847 3,055 Total purchased portfolio 12,370 769 - 2,756 15,895 238,178 254,073 4,219 Total loans $ 14,480 $ 2,142 $ - $ 5,233 $ 21,855 $ 745,083 $ 766,938 $ 10,197 June 30, 2016 30-59 Days 60-89 Days Past Due 90 Days or More-Still Accruing Past Due 90 Days or More- Nonaccrual Total Past Due Total Current Total Loans Non- Accrual 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 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 may 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 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 310 30. 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, 310 30 The following table sets forth activity in the Company’s allowance for loan losses. Three Months Ended December 31, 2016 Residential Real Estate Commercial Real Estate Commercial and Industrial Consumer Purchased Unallocated Total (Dollars in thousands) Beginning balance $ 541 $ 1,421 $ 318 $ 68 $ 158 $ - $ 2,506 Provision 6 351 207 40 24 - 628 Recoveries 27 19 6 21 - - 73 Charge-offs - (41 ) - (59 ) - - (100 ) Ending balance $ 574 $ 1,750 $ 531 $ 70 $ 182 $ - $ 3,107 Three Months Ended December 31, 2015 Residential Real Estate Commercial Real Estate Commercial and Industrial Consumer Purchased Unallocated Total (Dollars in thousands) Beginning balance $ 732 $ 733 $ 134 $ 46 $ 364 $ 56 $ 2,065 Provision 147 125 42 (6 ) 644 (56 ) 896 Recoveries 1 - 4 3 - - 8 Charge-offs (19 ) (14 ) (1 ) (7 ) (799 ) - (840 ) Ending balance $ 861 $ 844 $ 179 $ 36 $ 209 $ - $ 2,129 Six Months Ended December 31, 2016 Residential Real Estate Commercial Real Estate Commercial and Industrial Consumer Purchased Unallocated Total (Dollars in thousands) Beginning balance $ 663 $ 1,195 $ 297 $ 62 $ 133 $ - $ 2,350 Provision (93 ) 577 224 63 49 - 820 Recoveries 29 19 11 32 - - 91 Charge-offs (25 ) (41 ) (1 ) (87 ) - - (154 ) Ending balance $ 574 $ 1,750 $ 531 $ 70 $ 182 $ - $ 3,107 Six Months Ended December 31, 2015 Residential Real Estate Commercial Real Estate Commercial and Industrial Consumer Purchased Unallocated Total (Dollars in thousands) Beginning balance $ 741 $ 694 $ 117 $ 35 $ 283 $ 56 $ 1,926 Provision 126 187 58 25 725 (56 ) 1,065 Recoveries 13 5 5 5 - - 28 Charge-offs (19 ) (42 ) (1 ) (29 ) (799 ) - (890 ) Ending balance $ 861 $ 844 $ 179 $ 36 $ 209 $ - $ 2,129 The following table sets forth information regarding the allowance for loan losses by portfolio segment and impairment methodology. December 31, 2016 Residential Real Estate Commercial Real Estate Commercial and Industrial Consumer Purchased Unallocated Total (Dollars in thousands) Allowance for loan losses: Individually evaluated $ 366 $ 64 $ 164 $ 6 $ - $ - $ 600 Collectively evaluated 208 1,686 367 64 - - 2,325 ASC 310-30 - - - - 182 - 182 Total $ 574 $ 1,750 $ 531 $ 70 $ 182 $ - $ 3,107 Loans: Individually evaluated $ 5,573 $ 1,594 $ 2,820 $ 254 $ - $ - $ 10,241 Collectively evaluated 98,291 252,007 147,267 5,059 - - 502,624 ASC 310-30 - - - - 254,073 - 254,073 Total $ 103,864 $ 253,601 $ 150,087 $ 5,313 $ 254,073 $ - $ 766,938 June 30, 2016 Residential Real Estate Commercial Real Estate Commercial 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 and accretable yield expectations determined at date of acquisition are not considered impaired assets and have been excluded from the tables below. December 31, 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 $ 3,191 $ 3,264 $ - $ 3,192 $ 3,299 $ - Consumer 171 179 - 257 282 - Commercial real estate 487 489 - 451 453 - Commercial and industrial 1,815 1,815 - 15 15 - Purchased: Residential real estate 1,066 1,108 - 1,125 1,125 - Commercial real estate 4,513 6,049 - 4,574 4,886 - Commercial and industrial 16 34 - - - - Total 11,259 12,938 - 9,614 10,060 - Impaired loans with a valuation allowance: Originated: Residential real estate 2,382 2,340 366 1,847 1,802 386 Consumer 83 92 6 105 112 23 Commercial real estate 1,107 1,098 64 1,235 1,223 59 Commercial and industrial 1,005 1,005 164 2 2 2 Purchased: Commercial real estate 1,272 1,660 100 1,484 1,812 66 Commercial and industrial 56 322 57 - - - Total 5,905 6,517 757 4,673 4,951 536 Total impaired loans $ 17,164 $ 19,455 $ 757 $ 14,287 $ 15,011 $ 536 The following tables set forth information regarding interest income recognized on impaired loans. Three Months Ended December 31, 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 $ 62 $ 3,157 $ 37 Consumer 200 8 354 8 Commercial real estate 466 15 885 7 Commercial and industrial 1,080 33 2 - Purchased: Residential real estate 1,087 - - - Commercial real estate 4,705 47 6,844 50 Commercial and industrial 32 - - - Total 11,300 165 11,242 102 Impaired loans with a valuation allowance: Originated: Residential real estate 1,952 73 1,968 22 Consumer 93 2 44 1 Commercial real estate 1,115 31 930 19 Commercial and industrial 504 12 - - Purchased: Commercial real estate 1,423 7 1,481 3 Commercial and industrial 28 2 - - Total 5,115 127 4,423 45 Total impaired loans $ 16,415 $ 292 $ 15,665 $ 147 Six Months Ended December 31, 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 $ 3,550 $ 111 $ 2,613 $ 76 Consumer 219 11 316 13 Commercial real estate 461 23 1,190 14 Commercial and industrial 725 36 2 - Purchased: Residential real estate 1,100 3 - - Commercial real estate 4,661 99 6,674 64 Commercial and industrial 21 - - - Total 10,737 283 10,795 167 Impaired loans with a valuation allowance: Originated: Residential real estate 1,917 89 2,024 45 Consumer 97 4 20 2 Commercial real estate 1,155 49 883 31 Commercial and industrial 336 12 - - Purchased: Commercial real estate 1,443 24 713 39 Commercial and industrial 19 2 - - Total 4,967 180 3,640 117 Total impaired loans $ 15,704 $ 463 $ 14,435 $ 284 Credit Quality The Company utilizes a ten Loans rated 1 6: 1 5 6 Loans rated 7: Loans rated 8: Loans rated 9: one 8 Loans rated 10: 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 may The following tables present the Company’s loans by risk rating. December 31, 2016 Originated Portfolio Commercial Commercial Purchased Real Estate and Industrial Residential (1) Portfolio Total (Dollars in thousands) Loans rated 1- 6 $ 249,552 $ 148,674 $ 8,226 $ 243,364 $ 649,816 Loans rated 7 3,230 560 495 7,147 11,432 Loans rated 8 819 853 508 3,562 5,742 Loans rated 9 - - 23 - 23 Loans rated 10 - - - - - $ 253,601 $ 150,087 $ 9,252 $ 254,073 $ 667,013 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. The Company had consumer mortgage loans secured by residential real estate properties for which formal foreclosure proceedings were in process according to local requirements of the applicable jurisdictions totaling $823 December 31, 2016, $882 June 30, 2016. Troubled Debt Restructurings The following table shows the Company’s post-modification balance of TDRs by type of modification. Three Months Ended December 31, Six Months Ended December 31, 2016 2015 2016 2015 Number of Contracts Recorded Investment Number of Contracts Recorded Investment Number of Contracts Recorded Investment Number of Contracts Recorded Investment (Dollars in thousands) Extended maturity 1 $ 154 - $ - 1 $ 154 - $ - Adjusted interest rate 2 135 - - 3 144 - - Rate and maturity - - 3 208 1 334 3 208 Principal deferment 1 161 - - 1 161 - - Court ordered concession - - - - - - - - 4 $ 450 3 $ 208 6 $ 793 3 $ 208 The following table shows loans modified in a TDR and the change in the recorded investment subsequent to the modifications occurring. Three Months Ended December 31, 2016 2015 Number of Contracts Recorded Investment Pre-Modification Recorded Investment Post-Modification Number of Contracts Recorded Investment Pre-Modification Recorded Investment Post-Modification (Dollars in thousands) Originated portfolio: Residential real estate 3 $ 266 $ 289 3 $ 208 $ 208 Home equity - - - - - - Commercial real estate - - - - - - Commercial and industrial 1 91 161 - - - Consumer - - - - - - Total originated portfolio 4 357 450 3 208 208 Purchased portfolio: Residential real estate - - - - - - Commercial real estate - - - - - - Total purchased portfolio - - - - - - Total 4 $ 357 $ 450 3 $ 208 $ 208 Six Months Ended December 31, 2016 2015 Number of Contracts Recorded Investment Pre-Modification Recorded Investment Post-Modification Number of Contracts Recorded Investment Pre-Modification Recorded Investment Post-Modification (Dollars in thousands) Originated portfolio: Residential real estate 4 $ 275 $ 298 3 $ 208 $ 208 Home equity - - - - - - Commercial real estate - - - - - - Commercial and industrial 1 91 161 - - - Consumer - - - - - - Total originated portfolio 5 366 459 3 208 208 Purchased portfolio: Residential real estate - - - - - - Commercial real estate 1 334 334 - - - Total purchased portfolio 1 334 334 - - - Total 6 $ 700 $ 793 3 $ 208 $ 208 The Company considers TDRs past due 90 No twelve three six December 31, 2016. December 31, 2016, no ASC 310 30 The following tables present a summary of loans accounted for under ASC 310 30 Three Months Ended December 31, 2016 Three Months Ended December 31, 2015 (Dollars in thousands) Contractually required payments receivable $ 68,466 $ 60,153 Nonaccretable difference (977 ) (491 ) Cash flows expected to be collected 67,489 59,662 Accretable yield (21,456 ) (23,807 ) Fair value of loans acquired $ 46,033 $ 35,855 Six Months Ended December 31, 2016 Six Months Ended December 31, 2015 (Dollars in thousands) Contractually required payments receivable $ 94,720 $ 91,427 Nonaccretable difference (3,494 ) (782 ) Cash flows expected to be collected 91,226 90,645 Accretable yield (31,340 ) (31,334 ) Fair value of loans acquired $ 59,886 $ 59,311 Certain of the loans accounted for under ASC 310 30 As of and for the Three Months Ended December 31, 2016 As of and for the Six Months Ended December 31, 2016 (Dollars in thousands) Loans acquired during the period $ - $ 1,010 Loans at end of period 3,917 3,917 The following tables summarize the activity in the accretable yield for loans accounted for under ASC 310 30. Three Months Ended December 31, 2016 Three Months Ended December 31, 2015 (Dollars in thousands) Beginning balance $ 124,023 $ 109,615 Acquisitions 21,456 23,807 Accretion (4,656 ) (3,885 ) Reclassifications from non-accretable difference to accretable yield 973 2,764 Disposals and other changes (13,373 ) (8,208 ) Ending balance $ 128,423 $ 124,093 Six Months Ended December 31, 2016 Six Months Ended December 31, 2015 (Dollars in thousands) Beginning balance $ 124,151 $ 111,449 Acquisitions 31,340 31,334 Accretion (9,308 ) (7,640 ) Reclassifications from non-accretable difference to accretable yield 1,131 3,041 Disposals and other changes (18,891 ) (14,091 ) Ending balance $ 128,423 $ 124,093 The following table provides information related to the unpaid principal balance and carrying amounts of ASC 310 30 December 31, 2016 (1) June 30, 2016 (1) (Dollars in thousands) Unpaid principal balance $ 284,637 $ 267,985 Carrying amount 252,040 237,054 (1) Balances include loans held for sale of $975 December 31, 2016 $0 June 30, 2016.

Note 5 - Transfers and Servicin

Note 5 - Transfers and Servicing of Financial Assets	6 Months Ended
	Dec. 31, 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 Capitalized servicing rights as of December 31, 2016 $2.3 $1.8 June 30, 2016, Mortgage loans sold in the quarter ended December 31, 2016 $17.7 $20.5 December 31, 2015. six December 31, 2016 $42.7 $49.4 six December 31, 2015. $11.9 December 31, 2016 $12.9 June 30, 2016. $33.3 $32.9 December 31, 2016 June 30, 2016, SBA loans sold during the quarter ended December 31, 2016 $17.5 $7.5 December 31, 2015. six December 31, 2016 $24.8 $13.0 six December 31, 2015. $121.0 December 31, 2016 $83.8 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 $248 $167 December 31, 2016 2015, $408 $316 six December 31, 2016 2015, The significant assumptions used in the valuation for mortgage servicing rights as of December 31, 2016 7.8% 16.0%. 8.8% 13.9% 7.5%

Note 6 - Earnings Per Share (EP

Note 6 - Earnings Per Share (EPS)	6 Months Ended
	Dec. 31, 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 December 31, Six months Ended December 31, 2016 2015 2016 2015 (Dollars in thousands, except share and per share data) Net income $ 3,100 $ 1,744 $ 4,851 $ 3,611 Weighted average shares used in calculation of basic EPS 8,831,235 9,559,369 8,968,690 9,560,913 Incremental shares from assumed exercise of dilutive securities 33,383 10,216 30,372 6,225 Weighted average shares used in calculation of diluted EPS 8,864,618 9,569,585 8,999,062 9,567,138 Basic earnings per common share $ 0.35 $ 0.18 $ 0.54 $ 0.38 Diluted earnings per common share $ 0.35 $ 0.18 $ 0.54 $ 0.38 For the three six December 31, 2016 2015, may Three Months Ended December 31, Six Months Ended December 31, 2016 2015 2016 2015 Stock options 714,545 714,545 714,545 714,545

Note 7 - Derivatives and Hedgin

Note 7 - Derivatives and Hedging Activities	6 Months Ended
	Dec. 31, 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 December 31, 2016, $1.5 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. December 31, 2016 Notional Amount Inception Termination 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 0.98 % 3.38 % n/a $ (634 ) $ (634 ) Other Liabilities 5,000 July 2013 July 2028 3 Mo. LIBOR 0.98 % 3.23 % n/a (451 ) (451 ) Other Liabilities 5,000 July 2013 July 2023 3 Mo. LIBOR 0.98 % 2.77 % n/a (215 ) (215 ) Other Liabilities Interest rate caps: 6,000 October 2014 September 2019 3 Mo. LIBOR n/a n/a 2.50 % (159 ) 17 Other Assets 10,000 March 2015 February 2020 3 Mo. LIBOR n/a n/a 2.50 % (170 ) 46 Other Assets $ 31,000 $ (1,629 ) $ (1,237 ) June 30, 2016 Notional Amount Inception Date Termination Date Index Receive Rate Pay Rate Strike Rate Unrealized Loss Fair V alue 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 six December 31, 2016 2015, no three six December 31, 2016 2015

Note 8 - Other Comprehensive In

Note 8 - Other Comprehensive Income	6 Months Ended
	Dec. 31, 2016
Notes to Financial Statements
Comprehensive Income (Loss) Note [Text Block]	8. Other Comprehensive Income The components of other comprehensive income are as follows: Three Months Ended December 31, 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 loss on available-for-sale securities $ (1,336 ) $ (507 ) $ (829 ) $ (692 ) $ (263 ) $ (429 ) - - - Change in accumulated gain on effective cash flow hedges 1,486 566 920 284 108 176 Reclassification adjustment for net gains included in net income 8 3 5 - - - Total derivatives and hedging activities 1,494 569 925 284 108 176 Total other comprehensive gain (loss) $ 158 $ 62 $ 96 $ (408 ) (155 ) (253 ) Six Months Ended December 31, 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 $ (1,414 ) $ (537 ) $ (877 ) $ (226 ) $ (85 ) $ (141 ) - - - Change in accumulated loss on effective cash flow hedges 1,633 624 1,009 (554 ) (211 ) (343 ) Reclassification adjustment for net gains included in net income 14 5 9 - - - Total derivatives and hedging activities 1,647 629 1,018 (554 ) (211 ) (343 ) Total other comprehensive gain (loss) $ 233 $ 92 $ 141 $ (780 ) (296 ) (484 ) December 31, 2016 June 30, 2016 (Dollars in thousands) Unrealized loss on available-for-sale securities $ (1,217 ) $ 197 Tax effect 462 (75 ) Net-of-tax amount $ (755 ) $ 122 Unrealized loss on cash flow hedges $ (1,629 ) $ (3,276 ) Tax effect 619 1,248 Net-of-tax amount $ (1,010 ) $ (2,028 ) Accumulated other comprehensive loss $ (1,765 ) $ (1,906 )

Note 9 - Commitments and Contin

Note 9 - Commitments and Contingencies	6 Months Ended
	Dec. 31, 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 : December 31, 2016 June 30, 2016 (Dollars in thousands) Commitments to grant loans $ 24,187 $ 44,684 Unfunded commitments under lines of credit 76,317 58,412 Standby letters of credit 3,810 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 may $63 $81 December 31, 2016 June 30, 2016, The Company committed $2.5 three six December 31, 2016, not 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	6 Months Ended
	Dec. 31, 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 six December 31, 2016 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 six December 31, 2016 ● 15,000 August 25, 2019; ● 50,000 three 70% three three ● 95,000 three August 25, 2019.

Note 11 - Fair Value Measuremen

Note 11 - Fair Value Measurements	6 Months Ended
	Dec. 31, 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 one ASC 820 1 3 three 820 Level 1 . Level 2 1 Level 3 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. . Valuation technique Transfers . Assets and Liabilities Measured at Fair Value on a Recurring Basis: Available-for-sale securities 1 i.e. 2 3 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, Derivative financial instruments 2 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. . Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis: Collateral Dependent Impaired Loans 3 Real Estate Owned and Other Repossessed collateral may 3 2 . Loan servicing rights— 3 Fair Value of other Financial Instruments: Cash and cash equivalents FHL B B stock Loans Loans held for sale Interest receivable 90 Deposits . Borrowings . Off-Balance Sheet Credit-Related Instruments - Assets and liabilities measured at fair value on a recurring basis are summarized below. December 31, 2016 Total Level 1 Level 2 Level 3 (Dollars in thousands) Assets Securities available-for-sale: U.S. Government agency securities $ 48,500 $ - $ 48,500 $ - Agency mortgage-backed securities 37,000 - 37,000 - Other investment measured at net asset value (1) 5,033 - - - Other assets – interest rate caps 63 - 63 - Liabilities Other liabilities – interest rate swaps $ 1,300 $ - $ 1,300 $ - 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) 820 10, Assets measured at fair value on a nonrecurring basis are summarized below. December 31, 2016 Total Level 1 Level 2 Level 3 (Dollars in thousands) Collateral dependent impaired loans $ 2,099 $ - $ - $ 2,099 Real estate owned and other repossessed collateral 3,145 - - 3,145 Loan servicing rights 2,342 - - 2,342 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) Fair Value December 31, 2016 June 30, Valuation Technique (Dollars in thousands) Collateral dependent impaired loans $ 2,099 $ 922 Appraisal of collateral (1) Real estate owned and other repossessed collateral 3,145 1,652 Appraisal of collateral (1) Loan servicing rights 2,342 1,771 Discounted cash flow (2) (1) may may 6% 30%. (2) 7.5% 16.0%. 7.8% 14.0%. The following table presents the estimated fair value of the Company's financial instruments. Carrying Fair Value Measurements at December 31, 2016 Amount Total Level 1 Level 2 Level 3 (Dollars in thousands) Financial assets: Cash and cash equivalents $ 112,196 $ 112,196 $ 112,196 $ - $ - Available-for-sale securities 85,500 85,500 - 85,500 - Other investment measured at net asset value (1) 5,033 5,033 - - - Federal Home Loan Bank stock 1,938 1,938 - 1,938 - Loans held for sale 8,979 8,979 - 8,979 - Loans, net 763,831 769,998 - - 769,998 Accrued interest receivable 1,722 1,722 - 1,722 - Interest rate caps 63 63 - 63 - Financial liabilities: Deposits 839,571 840,073 - 840,073 - FHLBB advances 20,024 20,143 - 20,143 - Capital lease obligation 1,003 1,059 - 1,059 - Subordinated debentures 23,469 25,285 - - 25,285 Interest rate swaps 1,300 1,300 - 1,300 - 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) 820 10, 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 3 - Securities Available20

Note 3 - Securities Available-for-sale (Tables)	6 Months Ended
	Dec. 31, 2016
Notes Tables
Schedule of Available-for-sale Securities Reconciliation [Table Text Block]	December 31, 2016 Amortized Gross Unrealized Gross Unrealized Fair Cost Gains Losses Value (Dollars in thousands) U.S. Government agency securities $ 48,711 $ 5 $ (216 ) $ 48,500 Agency mortgage-backed securities 37,882 - (882 ) 37,000 Other investment measured at net asset value 5,157 - (124 ) 5,033 $ 91,750 $ 5 $ (1,222 ) $ 90,533 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]	December 31, 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 $ 42,493 $ (216 ) $ - $ - $ 42,493 $ (216 ) Agency mortgage-backed securities 22,574 (375 ) 14,425 (507 ) 36,999 (882 ) Other investment measured at net asset value 5,033 (124 ) - - 5,033 (124 ) $ 70,100 $ (715 ) $ 14,425 $ (507 ) $ 84,525 $ (1,222 ) 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 $ 9,230 $ 9,224 Due after one year through five years 39,481 39,277 Due after five years through ten years 16,669 16,491 Due after ten years 21,213 20,508 Total $ 86,593 $ 85,500

Note 4 - Loans, Allowance for21

Note 4 - Loans, Allowance for Loan Losses and Credit Quality (Tables)	6 Months Ended
	Dec. 31, 2016
Notes Tables
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	December 31, 2016 June 30, 2016 Originated Purchased Total Originated Purchased Total (Dollars in thousands) Residential real estate $ 87,900 $ 3,085 $ 90,985 $ 93,391 $ 2,559 $ 95,950 Home equity 15,964 - 15,964 18,012 - 18,012 Commercial real estate 253,601 249,847 503,448 189,616 236,952 426,568 Commercial and industrial 150,087 1,141 151,228 145,758 198 145,956 Consumer 5,313 - 5,313 5,950 - 5,950 Total loans $ 512,865 $ 254,073 $ 766,938 $ 452,727 $ 239,709 $ 692,436
Past Due Financing Receivables [Table Text Block]	December 31, 2016 30-59 Days 60-89 Days Past Due 90 Days or More-Still Accruing Past Due 90 Days or More- Nonaccrual Total Past Due Total Current Total Loans Non- Accrual Loans (Dollars in thousands) Originated portfolio: Residential real estate $ 1,052 $ 823 $ - $ 1,596 $ 3,471 $ 84,429 $ 87,900 $ 2,827 Home equity - - - 48 48 15,916 15,964 48 Commercial real estate 882 522 - 137 1,541 252,060 253,601 396 Commercial and industrial 48 - - 677 725 149,362 150,087 2,659 Consumer 128 28 - 19 175 5,138 5,313 48 Total originated portfolio 2,110 1,373 - 2,477 5,960 506,905 512,865 5,978 Purchased portfolio: Residential real estate 1 - - - 1 3,084 3,085 1,066 Commercial and industrial 219 56 - 35 310 831 1,141 98 Commercial real estate 12,150 713 - 2,721 15,584 234,263 249,847 3,055 Total purchased portfolio 12,370 769 - 2,756 15,895 238,178 254,073 4,219 Total loans $ 14,480 $ 2,142 $ - $ 5,233 $ 21,855 $ 745,083 $ 766,938 $ 10,197 June 30, 2016 30-59 Days 60-89 Days Past Due 90 Days or More-Still Accruing Past Due 90 Days or More- Nonaccrual Total Past Due Total Current Total Loans Non- Accrual 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 December 31, 2016 Residential Real Estate Commercial Real Estate Commercial and Industrial Consumer Purchased Unallocated Total (Dollars in thousands) Beginning balance $ 541 $ 1,421 $ 318 $ 68 $ 158 $ - $ 2,506 Provision 6 351 207 40 24 - 628 Recoveries 27 19 6 21 - - 73 Charge-offs - (41 ) - (59 ) - - (100 ) Ending balance $ 574 $ 1,750 $ 531 $ 70 $ 182 $ - $ 3,107 Three Months Ended December 31, 2015 Residential Real Estate Commercial Real Estate Commercial and Industrial Consumer Purchased Unallocated Total (Dollars in thousands) Beginning balance $ 732 $ 733 $ 134 $ 46 $ 364 $ 56 $ 2,065 Provision 147 125 42 (6 ) 644 (56 ) 896 Recoveries 1 - 4 3 - - 8 Charge-offs (19 ) (14 ) (1 ) (7 ) (799 ) - (840 ) Ending balance $ 861 $ 844 $ 179 $ 36 $ 209 $ - $ 2,129 Six Months Ended December 31, 2016 Residential Real Estate Commercial Real Estate Commercial and Industrial Consumer Purchased Unallocated Total (Dollars in thousands) Beginning balance $ 663 $ 1,195 $ 297 $ 62 $ 133 $ - $ 2,350 Provision (93 ) 577 224 63 49 - 820 Recoveries 29 19 11 32 - - 91 Charge-offs (25 ) (41 ) (1 ) (87 ) - - (154 ) Ending balance $ 574 $ 1,750 $ 531 $ 70 $ 182 $ - $ 3,107 Six Months Ended December 31, 2015 Residential Real Estate Commercial Real Estate Commercial and Industrial Consumer Purchased Unallocated Total (Dollars in thousands) Beginning balance $ 741 $ 694 $ 117 $ 35 $ 283 $ 56 $ 1,926 Provision 126 187 58 25 725 (56 ) 1,065 Recoveries 13 5 5 5 - - 28 Charge-offs (19 ) (42 ) (1 ) (29 ) (799 ) - (890 ) Ending balance $ 861 $ 844 $ 179 $ 36 $ 209 $ - $ 2,129
Schedule of Allowance for Loan Losses by Portfolio Segment and Impairment Methodology [Table Text Block]	December 31, 2016 Residential Real Estate Commercial Real Estate Commercial and Industrial Consumer Purchased Unallocated Total (Dollars in thousands) Allowance for loan losses: Individually evaluated $ 366 $ 64 $ 164 $ 6 $ - $ - $ 600 Collectively evaluated 208 1,686 367 64 - - 2,325 ASC 310-30 - - - - 182 - 182 Total $ 574 $ 1,750 $ 531 $ 70 $ 182 $ - $ 3,107 Loans: Individually evaluated $ 5,573 $ 1,594 $ 2,820 $ 254 $ - $ - $ 10,241 Collectively evaluated 98,291 252,007 147,267 5,059 - - 502,624 ASC 310-30 - - - - 254,073 - 254,073 Total $ 103,864 $ 253,601 $ 150,087 $ 5,313 $ 254,073 $ - $ 766,938 June 30, 2016 Residential Real Estate Commercial Real Estate Commercial 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]	December 31, 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 $ 3,191 $ 3,264 $ - $ 3,192 $ 3,299 $ - Consumer 171 179 - 257 282 - Commercial real estate 487 489 - 451 453 - Commercial and industrial 1,815 1,815 - 15 15 - Purchased: Residential real estate 1,066 1,108 - 1,125 1,125 - Commercial real estate 4,513 6,049 - 4,574 4,886 - Commercial and industrial 16 34 - - - - Total 11,259 12,938 - 9,614 10,060 - Impaired loans with a valuation allowance: Originated: Residential real estate 2,382 2,340 366 1,847 1,802 386 Consumer 83 92 6 105 112 23 Commercial real estate 1,107 1,098 64 1,235 1,223 59 Commercial and industrial 1,005 1,005 164 2 2 2 Purchased: Commercial real estate 1,272 1,660 100 1,484 1,812 66 Commercial and industrial 56 322 57 - - - Total 5,905 6,517 757 4,673 4,951 536 Total impaired loans $ 17,164 $ 19,455 $ 757 $ 14,287 $ 15,011 $ 536 Three Months Ended December 31, 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 $ 62 $ 3,157 $ 37 Consumer 200 8 354 8 Commercial real estate 466 15 885 7 Commercial and industrial 1,080 33 2 - Purchased: Residential real estate 1,087 - - - Commercial real estate 4,705 47 6,844 50 Commercial and industrial 32 - - - Total 11,300 165 11,242 102 Impaired loans with a valuation allowance: Originated: Residential real estate 1,952 73 1,968 22 Consumer 93 2 44 1 Commercial real estate 1,115 31 930 19 Commercial and industrial 504 12 - - Purchased: Commercial real estate 1,423 7 1,481 3 Commercial and industrial 28 2 - - Total 5,115 127 4,423 45 Total impaired loans $ 16,415 $ 292 $ 15,665 $ 147 Six Months Ended December 31, 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 $ 3,550 $ 111 $ 2,613 $ 76 Consumer 219 11 316 13 Commercial real estate 461 23 1,190 14 Commercial and industrial 725 36 2 - Purchased: Residential real estate 1,100 3 - - Commercial real estate 4,661 99 6,674 64 Commercial and industrial 21 - - - Total 10,737 283 10,795 167 Impaired loans with a valuation allowance: Originated: Residential real estate 1,917 89 2,024 45 Consumer 97 4 20 2 Commercial real estate 1,155 49 883 31 Commercial and industrial 336 12 - - Purchased: Commercial real estate 1,443 24 713 39 Commercial and industrial 19 2 - - Total 4,967 180 3,640 117 Total impaired loans $ 15,704 $ 463 $ 14,435 $ 284
Financing Receivable Credit Quality Indicators [Table Text Block]	December 31, 2016 Originated Portfolio Commercial Commercial Purchased Real Estate and Industrial Residential (1) Portfolio Total (Dollars in thousands) Loans rated 1- 6 $ 249,552 $ 148,674 $ 8,226 $ 243,364 $ 649,816 Loans rated 7 3,230 560 495 7,147 11,432 Loans rated 8 819 853 508 3,562 5,742 Loans rated 9 - - 23 - 23 Loans rated 10 - - - - - $ 253,601 $ 150,087 $ 9,252 $ 254,073 $ 667,013 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 December 31, Six Months Ended December 31, 2016 2015 2016 2015 Number of Contracts Recorded Investment Number of Contracts Recorded Investment Number of Contracts Recorded Investment Number of Contracts Recorded Investment (Dollars in thousands) Extended maturity 1 $ 154 - $ - 1 $ 154 - $ - Adjusted interest rate 2 135 - - 3 144 - - Rate and maturity - - 3 208 1 334 3 208 Principal deferment 1 161 - - 1 161 - - Court ordered concession - - - - - - - - 4 $ 450 3 $ 208 6 $ 793 3 $ 208
Troubled Debt Restructurings On Financing Receivables Recorded Investment [Table Text Block]	Three Months Ended December 31, 2016 2015 Number of Contracts Recorded Investment Pre-Modification Recorded Investment Post-Modification Number of Contracts Recorded Investment Pre-Modification Recorded Investment Post-Modification (Dollars in thousands) Originated portfolio: Residential real estate 3 $ 266 $ 289 3 $ 208 $ 208 Home equity - - - - - - Commercial real estate - - - - - - Commercial and industrial 1 91 161 - - - Consumer - - - - - - Total originated portfolio 4 357 450 3 208 208 Purchased portfolio: Residential real estate - - - - - - Commercial real estate - - - - - - Total purchased portfolio - - - - - - Total 4 $ 357 $ 450 3 $ 208 $ 208 Six Months Ended December 31, 2016 2015 Number of Contracts Recorded Investment Pre-Modification Recorded Investment Post-Modification Number of Contracts Recorded Investment Pre-Modification Recorded Investment Post-Modification (Dollars in thousands) Originated portfolio: Residential real estate 4 $ 275 $ 298 3 $ 208 $ 208 Home equity - - - - - - Commercial real estate - - - - - - Commercial and industrial 1 91 161 - - - Consumer - - - - - - Total originated portfolio 5 366 459 3 208 208 Purchased portfolio: Residential real estate - - - - - - Commercial real estate 1 334 334 - - - Total purchased portfolio 1 334 334 - - - Total 6 $ 700 $ 793 3 $ 208 $ 208
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Table Text Block]	Three Months Ended December 31, 2016 Three Months Ended December 31, 2015 (Dollars in thousands) Contractually required payments receivable $ 68,466 $ 60,153 Nonaccretable difference (977 ) (491 ) Cash flows expected to be collected 67,489 59,662 Accretable yield (21,456 ) (23,807 ) Fair value of loans acquired $ 46,033 $ 35,855 Six Months Ended December 31, 2016 Six Months Ended December 31, 2015 (Dollars in thousands) Contractually required payments receivable $ 94,720 $ 91,427 Nonaccretable difference (3,494 ) (782 ) Cash flows expected to be collected 91,226 90,645 Accretable yield (31,340 ) (31,334 ) Fair value of loans acquired $ 59,886 $ 59,311 Three Months Ended December 31, 2016 Three Months Ended December 31, 2015 (Dollars in thousands) Beginning balance $ 124,023 $ 109,615 Acquisitions 21,456 23,807 Accretion (4,656 ) (3,885 ) Reclassifications from non-accretable difference to accretable yield 973 2,764 Disposals and other changes (13,373 ) (8,208 ) Ending balance $ 128,423 $ 124,093 Six Months Ended December 31, 2016 Six Months Ended December 31, 2015 (Dollars in thousands) Beginning balance $ 124,151 $ 111,449 Acquisitions 31,340 31,334 Accretion (9,308 ) (7,640 ) Reclassifications from non-accretable difference to accretable yield 1,131 3,041 Disposals and other changes (18,891 ) (14,091 ) Ending balance $ 128,423 $ 124,093
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 December 31, 2016 As of and for the Six Months Ended December 31, 2016 (Dollars in thousands) Loans acquired during the period $ - $ 1,010 Loans at end of period 3,917 3,917
Schedule of Credit Impaired Loans [Table Text Block]	December 31, 2016 (1) June 30, 2016 (1) (Dollars in thousands) Unpaid principal balance $ 284,637 $ 267,985 Carrying amount 252,040 237,054

Note 6 - Earnings Per Share (22

Note 6 - Earnings Per Share (EPS) (Tables)	6 Months Ended
	Dec. 31, 2016
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Three months Ended December 31, Six months Ended December 31, 2016 2015 2016 2015 (Dollars in thousands, except share and per share data) Net income $ 3,100 $ 1,744 $ 4,851 $ 3,611 Weighted average shares used in calculation of basic EPS 8,831,235 9,559,369 8,968,690 9,560,913 Incremental shares from assumed exercise of dilutive securities 33,383 10,216 30,372 6,225 Weighted average shares used in calculation of diluted EPS 8,864,618 9,569,585 8,999,062 9,567,138 Basic earnings per common share $ 0.35 $ 0.18 $ 0.54 $ 0.38 Diluted earnings per common share $ 0.35 $ 0.18 $ 0.54 $ 0.38
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block]	Three Months Ended December 31, Six Months Ended December 31, 2016 2015 2016 2015 Stock options 714,545 714,545 714,545 714,545

Note 7 - Derivatives and Hedg23

Note 7 - Derivatives and Hedging Activities (Tables)	6 Months Ended
	Dec. 31, 2016
Notes Tables
Schedule of Derivative Instruments [Table Text Block]	December 31, 2016 Notional Amount Inception Termination 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 0.98 % 3.38 % n/a $ (634 ) $ (634 ) Other Liabilities 5,000 July 2013 July 2028 3 Mo. LIBOR 0.98 % 3.23 % n/a (451 ) (451 ) Other Liabilities 5,000 July 2013 July 2023 3 Mo. LIBOR 0.98 % 2.77 % n/a (215 ) (215 ) Other Liabilities Interest rate caps: 6,000 October 2014 September 2019 3 Mo. LIBOR n/a n/a 2.50 % (159 ) 17 Other Assets 10,000 March 2015 February 2020 3 Mo. LIBOR n/a n/a 2.50 % (170 ) 46 Other Assets $ 31,000 $ (1,629 ) $ (1,237 ) June 30, 2016 Notional Amount Inception Date Termination Date Index Receive Rate Pay Rate Strike Rate Unrealized Loss Fair V alue 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)	6 Months Ended
	Dec. 31, 2016
Notes Tables
Comprehensive Income (Loss) [Table Text Block]	Three Months Ended December 31, 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 loss on available-for-sale securities $ (1,336 ) $ (507 ) $ (829 ) $ (692 ) $ (263 ) $ (429 ) - - - Change in accumulated gain on effective cash flow hedges 1,486 566 920 284 108 176 Reclassification adjustment for net gains included in net income 8 3 5 - - - Total derivatives and hedging activities 1,494 569 925 284 108 176 Total other comprehensive gain (loss) $ 158 $ 62 $ 96 $ (408 ) (155 ) (253 ) Six Months Ended December 31, 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 $ (1,414 ) $ (537 ) $ (877 ) $ (226 ) $ (85 ) $ (141 ) - - - Change in accumulated loss on effective cash flow hedges 1,633 624 1,009 (554 ) (211 ) (343 ) Reclassification adjustment for net gains included in net income 14 5 9 - - - Total derivatives and hedging activities 1,647 629 1,018 (554 ) (211 ) (343 ) Total other comprehensive gain (loss) $ 233 $ 92 $ 141 $ (780 ) (296 ) (484 )
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]	December 31, 2016 June 30, 2016 (Dollars in thousands) Unrealized loss on available-for-sale securities $ (1,217 ) $ 197 Tax effect 462 (75 ) Net-of-tax amount $ (755 ) $ 122 Unrealized loss on cash flow hedges $ (1,629 ) $ (3,276 ) Tax effect 619 1,248 Net-of-tax amount $ (1,010 ) $ (2,028 ) Accumulated other comprehensive loss $ (1,765 ) $ (1,906 )

Note 9 - Commitments and Cont25

Note 9 - Commitments and Contingencies (Tables)	6 Months Ended
	Dec. 31, 2016
Notes Tables
Schedule of Fair Value, Off-balance Sheet Risks [Table Text Block]	December 31, 2016 June 30, 2016 (Dollars in thousands) Commitments to grant loans $ 24,187 $ 44,684 Unfunded commitments under lines of credit 76,317 58,412 Standby letters of credit 3,810 3,822 Commitment to fund investment 2,500 2,500

Note 10 - Stock-based Compens26

Note 10 - Stock-based Compensation (Tables)	6 Months Ended
	Dec. 31, 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)	6 Months Ended
	Dec. 31, 2016
Notes Tables
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]	December 31, 2016 Total Level 1 Level 2 Level 3 (Dollars in thousands) Assets Securities available-for-sale: U.S. Government agency securities $ 48,500 $ - $ 48,500 $ - Agency mortgage-backed securities 37,000 - 37,000 - Other investment measured at net asset value (1) 5,033 - - - Other assets – interest rate caps 63 - 63 - Liabilities Other liabilities – interest rate swaps $ 1,300 $ - $ 1,300 $ - 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]	December 31, 2016 Total Level 1 Level 2 Level 3 (Dollars in thousands) Collateral dependent impaired loans $ 2,099 $ - $ - $ 2,099 Real estate owned and other repossessed collateral 3,145 - - 3,145 Loan servicing rights 2,342 - - 2,342 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 December 31, 2016 June 30, Valuation Technique (Dollars in thousands) Collateral dependent impaired loans $ 2,099 $ 922 Appraisal of collateral (1) Real estate owned and other repossessed collateral 3,145 1,652 Appraisal of collateral (1) Loan servicing rights 2,342 1,771 Discounted cash flow (2)
Fair Value, by Balance Sheet Grouping [Table Text Block]	Carrying Fair Value Measurements at December 31, 2016 Amount Total Level 1 Level 2 Level 3 (Dollars in thousands) Financial assets: Cash and cash equivalents $ 112,196 $ 112,196 $ 112,196 $ - $ - Available-for-sale securities 85,500 85,500 - 85,500 - Other investment measured at net asset value (1) 5,033 5,033 - - - Federal Home Loan Bank stock 1,938 1,938 - 1,938 - Loans held for sale 8,979 8,979 - 8,979 - Loans, net 763,831 769,998 - - 769,998 Accrued interest receivable 1,722 1,722 - 1,722 - Interest rate caps 63 63 - 63 - Financial liabilities: Deposits 839,571 840,073 - 840,073 - FHLBB advances 20,024 20,143 - 20,143 - Capital lease obligation 1,003 1,059 - 1,059 - Subordinated debentures 23,469 25,285 - - 25,285 Interest rate swaps 1,300 1,300 - 1,300 - 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) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2016USD ($)	Dec. 31, 2015USD ($)	Dec. 31, 2016USD ($)	Dec. 31, 2015USD ($)
Proceeds from Sale of Available-for-sale Securities	$ 0	$ 0	$ 0	$ 0
Available-for-sale Securities Pledged as Collateral	0		0
Other than Temporary Impairment Losses, Investments, Available-for-sale Securities	$ 0	$ 0	$ 0	$ 0
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions, Greater than or Equal to One Year	7		7
Available-for-sale Securities, Effective Duration			5 years 116 days

Note 3 - Securities Available29

Note 3 - Securities Available-for-sale - Securities Available-for-sale (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Jun. 30, 2016
Amortized Cost	$ 91,750	$ 100,375
Gross Unrealized Gains	5	249
Gross Unrealized Losses	(1,222)	(52)
Fair Value	90,533	100,572
US Government Agencies Debt Securities [Member]
Amortized Cost	48,711	51,948
Gross Unrealized Gains	5	98
Gross Unrealized Losses	(216)
Fair Value	48,500	52,046
Collateralized Mortgage Backed Securities [Member]
Amortized Cost	37,882	43,330
Gross Unrealized Gains		90
Gross Unrealized Losses	(882)	(52)
Fair Value	37,000	43,368
Collateralized Debt Obligations [Member]
Amortized Cost	5,157	5,097
Gross Unrealized Gains		61
Gross Unrealized Losses	(124)
Fair Value	$ 5,033	$ 5,158

Note 3 - Securities Available30

Note 3 - Securities Available-for-sale - Securities in a Continuous Unrealized Loss Position (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Dec. 31, 2016	Jun. 30, 2016
Fair Value, Less than 12 months	$ 70,100
Unrealized losses, less than 12 months	(715)
Fair Value, More than 12 months	14,425	25,350
Unrealized losses, More than 12 months	(507)	(52)
Fair Value	84,525	25,350
Unrealized Losses	(1,222)	(52)
US Government Agencies Debt Securities [Member]
Fair Value, Less than 12 months	42,493
Unrealized losses, less than 12 months	(216)
Fair Value, More than 12 months
Unrealized losses, More than 12 months
Fair Value	42,493
Unrealized Losses	(216)
Collateralized Mortgage Backed Securities [Member]
Fair Value, Less than 12 months	22,574
Unrealized losses, less than 12 months	(375)
Fair Value, More than 12 months	14,425	25,350
Unrealized losses, More than 12 months	(507)	(52)
Fair Value	36,999	25,350
Unrealized Losses	(882)	(52)
Collateralized Debt Obligations [Member]
Fair Value, Less than 12 months	5,033
Unrealized losses, less than 12 months	(124)
Fair Value, More than 12 months
Unrealized losses, More than 12 months
Fair Value	5,033
Unrealized Losses	$ (124)

Note 3 - Securities Available31

Note 3 - Securities Available-for-sale - Securities by Contractual Maturity (Details) $ in Thousands	Dec. 31, 2016USD ($)
Due within one year, amortized cost	$ 9,230
Due within one year, fair value	9,224
Due after one year through five years, amortized cost	39,481
Due after one year through five years, fair value	39,277
Due after five years through ten years, amortized cost	16,669
Due after five years through ten years, fair value	16,491
Due after ten years, amortized cost	21,213
Due after ten years, fair value	20,508
Total, amortized cost	86,593
Total, fair value	$ 85,500

Note 4 - Loans, Allowance for32

Note 4 - Loans, Allowance for Loan Losses and Credit Quality (Details Textual) xbrli-pure in Thousands		3 Months Ended	6 Months Ended
		Dec. 31, 2016USD ($)	Dec. 31, 2016USD ($)	Jun. 30, 2016USD ($)
Unamortized Loan Commitment and Origination Fees and Unamortized Discounts or Premiums		$ 463,000	$ 463,000	$ 58,000
Financing Receivable, Modifications, Subsequent Default, Number of Contracts		0	0
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Carrying Amount, Net	[1]	$ 252,040,000	$ 252,040,000	237,054,000
Loans Held-forsale [Member]
Loans and Leases Receivable, Impaired, Commitment to Lend		0	0
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Carrying Amount, Net		975,000	975,000	0
Residential Portfolio Segment [Member]
Mortgage Loans in Process of Foreclosure, Amount		$ 823,000	$ 823,000	$ 882,000
[1]	Balances include loans held for sale of $975 thousand at December 31, 2016 and $0 at June 30, 2016.

Note 4 - Loans, Allowance for33

Note 4 - Loans, Allowance for Loan Losses and Credit Quality - Loan Portfolio (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Jun. 30, 2016
Loans	$ 766,938	$ 692,436
Residential Real Estate, without Home Equity [Member]
Loans	90,985	95,950
Home Equity Portfolio Segment [Member]
Loans	15,964	18,012
Commercial Real Estate Portfolio Segment [Member]
Loans	503,448	426,568
Commercial Portfolio Segment [Member]
Loans	151,228	145,956
Consumer Portfolio Segment [Member]
Loans	5,313	5,950
Originated Loans [Member]
Loans	512,865	452,727
Originated Loans [Member] | Residential Real Estate, without Home Equity [Member]
Loans	87,900	93,391
Originated Loans [Member] | Home Equity Portfolio Segment [Member]
Loans	15,964	18,012
Originated Loans [Member] | Commercial Real Estate Portfolio Segment [Member]
Loans	253,601	189,616
Originated Loans [Member] | Commercial Portfolio Segment [Member]
Loans	150,087	145,758
Originated Loans [Member] | Consumer Portfolio Segment [Member]
Loans	5,313	5,950
Purchased Loans [Member]
Loans	254,073	239,709
Purchased Loans [Member] | Residential Real Estate, without Home Equity [Member]
Loans	3,085	2,559
Purchased Loans [Member] | Home Equity Portfolio Segment [Member]
Loans
Purchased Loans [Member] | Commercial Real Estate Portfolio Segment [Member]
Loans	249,847	236,952
Purchased Loans [Member] | Commercial Portfolio Segment [Member]
Loans	1,141	198
Purchased Loans [Member] | Consumer Portfolio Segment [Member]
Loans

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	Dec. 31, 2016	Jun. 30, 2016
Past due	$ 21,855	$ 6,905
Current	745,083	685,531
Loans	766,938	692,436
Non- Accrual Loans	10,197	7,827
Financing Receivables, 30 to 59 Days Past Due [Member]
Past due	14,480	653
Financing Receivables, 60 to 89 Days Past Due [Member]
Past due	2,142	985
Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Past due	5,233	5,267
Residential Real Estate, without Home Equity [Member]
Loans	90,985	95,950
Home Equity Portfolio Segment [Member]
Loans	15,964	18,012
Commercial Real Estate Portfolio Segment [Member]
Loans	503,448	426,568
Commercial Portfolio Segment [Member]
Loans	151,228	145,956
Consumer Portfolio Segment [Member]
Loans	5,313	5,950
Originated Loans [Member]
Past due	5,960	3,499
Current	506,905	449,228
Loans	512,865	452,727
Non- Accrual Loans	5,978	3,315
Originated Loans [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Past due	2,110	653
Originated Loans [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Past due	1,373	966
Originated Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Past due	2,477	1,880
Originated Loans [Member] | Residential Real Estate, without Home Equity [Member]
Past due	3,471	2,767
Current	84,429	90,624
Loans	87,900	93,391
Non- Accrual Loans	2,827	2,613
Originated Loans [Member] | Residential Real Estate, without Home Equity [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Past due	1,052	302
Originated Loans [Member] | Residential Real Estate, without Home Equity [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Past due	823	910
Originated Loans [Member] | Residential Real Estate, without Home Equity [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Past due	1,596	1,555
Originated Loans [Member] | Home Equity Portfolio Segment [Member]
Past due	48	194
Current	15,916	17,818
Loans	15,964	18,012
Non- Accrual Loans	48	48
Originated Loans [Member] | Home Equity Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Past due		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] | Commercial Real Estate Portfolio Segment [Member]
Past due	1,541	320
Current	252,060	189,296
Loans	253,601	189,616
Non- Accrual Loans	396	474
Originated Loans [Member] | Commercial Real Estate Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Past due	882	132
Originated Loans [Member] | Commercial Real Estate Portfolio Segment [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Past due	522
Originated Loans [Member] | Commercial Real Estate Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Past due	137	188
Originated Loans [Member] | Commercial Portfolio Segment [Member]
Past due	725	15
Current	149,362	145,743
Loans	150,087	145,758
Non- Accrual Loans	2,659	17
Originated Loans [Member] | Commercial Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Past due	48
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	677	15
Originated Loans [Member] | Consumer Portfolio Segment [Member]
Past due	175	203
Current	5,138	5,747
Loans	5,313	5,950
Non- Accrual Loans	48	163
Originated Loans [Member] | Consumer Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Past due	128	73
Originated Loans [Member] | Consumer Portfolio Segment [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Past due	28	56
Originated Loans [Member] | Consumer Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Past due	19	74
Purchased Loans [Member]
Past due	15,895	3,406
Current	238,178	236,303
Loans	254,073	239,709
Non- Accrual Loans	4,219	4,512
Purchased Loans [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Past due	12,370
Purchased Loans [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Past due	769	19
Purchased Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Past due	2,756	3,387
Purchased Loans [Member] | Residential Real Estate, without Home Equity [Member]
Past due	1
Current	3,084	2,559
Loans	3,085	2,559
Non- Accrual Loans	1,066	1,125
Purchased Loans [Member] | Residential Real Estate, without Home Equity [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Past due	1
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] | Home Equity Portfolio Segment [Member]
Loans
Purchased Loans [Member] | Commercial Real Estate Portfolio Segment [Member]
Past due	15,584	3,406
Current	234,263	233,546
Loans	249,847	236,952
Non- Accrual Loans	3,055	3,387
Purchased Loans [Member] | Commercial Real Estate Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Past due	12,150
Purchased Loans [Member] | Commercial Real Estate Portfolio Segment [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Past due	713	19
Purchased Loans [Member] | Commercial Real Estate Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Past due	2,721	3,387
Purchased Loans [Member] | Commercial Portfolio Segment [Member]
Past due	310
Current	831	198
Loans	1,141	198
Non- Accrual Loans	98
Purchased Loans [Member] | Commercial Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Past due	219
Purchased Loans [Member] | Commercial Portfolio Segment [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Past due	56
Purchased Loans [Member] | Commercial Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Past due	35
Purchased Loans [Member] | Consumer Portfolio Segment [Member]
Loans

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		6 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2016	Dec. 31, 2015
Beginning balance	$ 2,506	$ 2,065	$ 2,350	$ 1,926
Provision for loan losses	628	896	820	1,065
Recoveries	73	8	91	28
Charge-offs	(100)	(840)	(154)	(890)
Ending balance	3,107	2,129	3,107	2,129
Residential Portfolio Segment [Member] | Originated Loans [Member]
Beginning balance	541	732	663	741
Provision for loan losses	6	147	(93)	126
Recoveries	27	1	29	13
Charge-offs		(19)	(25)	(19)
Ending balance	574	861	574	861
Commercial Real Estate Portfolio Segment [Member] | Originated Loans [Member]
Beginning balance	1,421	733	1,195	694
Provision for loan losses	351	125	577	187
Recoveries	19		19	5
Charge-offs	(41)	(14)	(41)	(42)
Ending balance	1,750	844	1,750	844
Commercial Portfolio Segment [Member] | Originated Loans [Member]
Beginning balance	318	134	297	117
Provision for loan losses	207	42	224	58
Recoveries	6	4	11	5
Charge-offs		(1)	(1)	(1)
Ending balance	531	179	531	179
Consumer Portfolio Segment [Member] | Originated Loans [Member]
Beginning balance	68	46	62	35
Provision for loan losses	40	(6)	63	25
Recoveries	21	3	32	5
Charge-offs	(59)	(7)	(87)	(29)
Ending balance	70	36	70	36
Purchased Loans [Member]
Beginning balance	158	364	133	283
Provision for loan losses	24	644	49	725
Recoveries
Charge-offs		(799)		(799)
Ending balance	182	209	182	209
Unallocated Financing Receivables [Member]
Beginning balance		56		56
Provision for loan losses		(56)		(56)
Recoveries
Charge-offs
Ending balance

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	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015
Allowance for loan losses:
Allowance for loan losses, individually evaluated	$ 600		$ 470
Allowance for loan losses, collectively evaluated	2,325		1,747
Allowance for loan losses, ASC 310-30	182		133
Allowance for loan losses	3,107	$ 2,506	2,350	$ 2,129	$ 2,065	$ 1,926
Loans, individually evaluated	10,241		7,104
Loans, collectively evaluated	502,624		445,623
Loans, ASC 310-30	254,073		239,709
Loans	766,938		692,436
Originated Loans [Member]
Allowance for loan losses:
Loans	512,865		452,727
Residential Portfolio Segment [Member]
Allowance for loan losses:
Loans	106,949		113,962
Residential Portfolio Segment [Member] | Originated Loans [Member]
Allowance for loan losses:
Allowance for loan losses, individually evaluated	366		386
Allowance for loan losses, collectively evaluated	208		277
Allowance for loan losses, ASC 310-30
Allowance for loan losses	574	541	663	861	732	741
Loans, individually evaluated	5,573		5,039
Loans, collectively evaluated	98,291		106,364
Loans, ASC 310-30
Loans	103,864		111,403
Commercial Real Estate Portfolio Segment [Member]
Allowance for loan losses:
Loans	503,448		426,568
Commercial Real Estate Portfolio Segment [Member] | Originated Loans [Member]
Allowance for loan losses:
Allowance for loan losses, individually evaluated	64		59
Allowance for loan losses, collectively evaluated	1,686		1,136
Allowance for loan losses, ASC 310-30
Allowance for loan losses	1,750	1,421	1,195	844	733	694
Loans, individually evaluated	1,594		1,686
Loans, collectively evaluated	252,007		187,930
Loans, ASC 310-30
Loans	253,601		189,616
Commercial Portfolio Segment [Member]
Allowance for loan losses:
Loans	151,228		145,956
Commercial Portfolio Segment [Member] | Originated Loans [Member]
Allowance for loan losses:
Allowance for loan losses, individually evaluated	164		2
Allowance for loan losses, collectively evaluated	367		295
Allowance for loan losses, ASC 310-30
Allowance for loan losses	531	318	297	179	134	117
Loans, individually evaluated	2,820		17
Loans, collectively evaluated	147,267		145,741
Loans, ASC 310-30
Loans	150,087		145,758
Consumer Portfolio Segment [Member]
Allowance for loan losses:
Loans	5,313		5,950
Consumer Portfolio Segment [Member] | Originated Loans [Member]
Allowance for loan losses:
Allowance for loan losses, individually evaluated	6		23
Allowance for loan losses, collectively evaluated	64		39
Allowance for loan losses, ASC 310-30
Allowance for loan losses	70	68	62	36	46	35
Loans, individually evaluated	254		362
Loans, collectively evaluated	5,059		5,588
Loans, ASC 310-30
Loans	5,313		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	182		133
Allowance for loan losses	182	158	133	209	364	283
Loans, individually evaluated
Loans, collectively evaluated
Loans, ASC 310-30	254,073		239,709
Loans	254,073		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

Note 4 - Loans, Allowance for37

Note 4 - Loans, Allowance for Loan Losses and Credit Quality - Impaired Loans (Details) - USD ($)	3 Months Ended		6 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Jun. 30, 2016
Recorded Investment, with no related allowance	$ 11,259,000		$ 11,259,000		$ 9,614,000
Unpaid Principal Balance, with no related allowance	12,938,000		12,938,000		10,060,000
Recorded Investment, with related allowance	5,905,000		5,905,000		4,673,000
Unpaid Principal Balance, with related allowance	6,517,000		6,517,000		4,951,000
Related Allowance	757,000		757,000		536,000
Collateral dependent impaired loans	17,164,000		17,164,000		14,287,000
Unpaid Principal Balance	19,455,000		19,455,000		15,011,000
Average Recorded Investment, with no related allowance	11,300,000	$ 11,242,000	10,737,000	$ 10,795,000
Interest Income Recognized, with no related allowance	165,000	102,000	283,000	167,000
Average Recorded Investment, with related allowance	5,115,000	4,423,000	4,967,000	3,640,000
Interest Income Recognized, with related allowance	127,000	45,000	180,000	117,000
Average Recorded Investment	16,415,000	15,665,000	15,704,000	14,435,000
Interest Income Recognized	292,000	147,000	463,000	284,000
Residential Portfolio Segment [Member] | Originated Loans [Member]
Recorded Investment, with no related allowance	3,191,000		3,191,000		3,192,000
Unpaid Principal Balance, with no related allowance	3,264,000		3,264,000		3,299,000
Recorded Investment, with related allowance	2,382,000		2,382,000		1,847,000
Unpaid Principal Balance, with related allowance	2,340,000		2,340,000		1,802,000
Related Allowance	366,000		366,000		386,000
Average Recorded Investment, with no related allowance	3,730,000	3,157,000	3,550,000	2,613,000
Interest Income Recognized, with no related allowance	62,000	37,000	111,000	76,000
Average Recorded Investment, with related allowance	1,952,000	1,968,000	1,917,000	2,024,000
Interest Income Recognized, with related allowance	73,000	22,000	89,000	45,000
Residential Portfolio Segment [Member] | Purchased Loans [Member]
Recorded Investment, with no related allowance	1,066,000		1,066,000		1,125,000
Unpaid Principal Balance, with no related allowance	1,108,000		1,108,000		1,125,000
Average Recorded Investment, with no related allowance	1,087,000		1,100,000
Interest Income Recognized, with no related allowance			3,000
Consumer Portfolio Segment [Member] | Originated Loans [Member]
Recorded Investment, with no related allowance	171,000		171,000		257,000
Unpaid Principal Balance, with no related allowance	179,000		179,000		282,000
Recorded Investment, with related allowance	83,000		83,000		105,000
Unpaid Principal Balance, with related allowance	92,000		92,000		112,000
Related Allowance	6,000		6,000		23,000
Average Recorded Investment, with no related allowance	200,000	354,000	219,000	316,000
Interest Income Recognized, with no related allowance	8,000	8,000	11,000	13,000
Average Recorded Investment, with related allowance	93,000	44,000	97,000	20,000
Interest Income Recognized, with related allowance	2,000	1,000	4,000	2,000
Commercial Real Estate Portfolio Segment [Member] | Originated Loans [Member]
Recorded Investment, with no related allowance	487,000		487,000		451,000
Unpaid Principal Balance, with no related allowance	489,000		489,000		453,000
Recorded Investment, with related allowance	1,107,000		1,107,000		1,235,000
Unpaid Principal Balance, with related allowance	1,098,000		1,098,000		1,223,000
Related Allowance	64,000		64,000		59,000
Average Recorded Investment, with no related allowance	466,000	885,000	461,000	1,190,000
Interest Income Recognized, with no related allowance	15,000	7,000	23,000	14,000
Average Recorded Investment, with related allowance	1,115,000	930,000	1,155,000	883,000
Interest Income Recognized, with related allowance	31,000	19,000	49,000	31,000
Commercial Real Estate Portfolio Segment [Member] | Purchased Loans [Member]
Recorded Investment, with no related allowance	4,513,000		4,513,000		4,574,000
Unpaid Principal Balance, with no related allowance	6,049,000		6,049,000		4,886,000
Recorded Investment, with related allowance	1,272,000		1,272,000		1,484,000
Unpaid Principal Balance, with related allowance	1,660,000		1,660,000		1,812,000
Related Allowance	100,000		100,000		66,000
Average Recorded Investment, with no related allowance	4,705,000	6,844,000	4,661,000	6,674,000
Interest Income Recognized, with no related allowance	47,000	50,000	99,000	64,000
Average Recorded Investment, with related allowance	1,423	1,481	1,443,000	713,000
Interest Income Recognized, with related allowance	7,000	3,000	24,000	39,000
Commercial Portfolio Segment [Member] | Originated Loans [Member]
Recorded Investment, with no related allowance	1,815,000		1,815,000		15,000
Unpaid Principal Balance, with no related allowance	1,815,000		1,815,000		15,000
Recorded Investment, with related allowance	1,005,000		1,005,000		2,000
Unpaid Principal Balance, with related allowance	1,005,000		1,005,000		2,000
Related Allowance	164,000		164,000		2,000
Average Recorded Investment, with no related allowance	1,080,000	2,000	725,000	2,000
Interest Income Recognized, with no related allowance	33,000		36,000
Average Recorded Investment, with related allowance	504,000		336,000
Interest Income Recognized, with related allowance	12,000		12,000
Commercial Portfolio Segment [Member] | Purchased Loans [Member]
Recorded Investment, with no related allowance	16,000		16,000
Unpaid Principal Balance, with no related allowance	34,000		34,000
Recorded Investment, with related allowance	56,000		56,000
Unpaid Principal Balance, with related allowance	322,000		322,000
Related Allowance	57,000		57,000
Average Recorded Investment, with no related allowance	32,000		21,000
Interest Income Recognized, with no related allowance
Average Recorded Investment, with related allowance	28,000		19,000
Interest Income Recognized, with related allowance	$ 2,000		$ 2,000

Note 4 - Loans, Allowance for38

Note 4 - Loans, Allowance for Loan Losses and Credit Quality - Loans by Risk Rating (Details) - USD ($) $ in Thousands		Dec. 31, 2016	Jun. 30, 2016
Loans by risk rating		$ 667,013	$ 583,733
Loans Rated 1-6 [Member]
Loans by risk rating		649,816	564,170
Loans Rated 7 [Member]
Loans by risk rating		11,432	13,361
Loans Rated 8 [Member]
Loans by risk rating		5,742	6,179
Loans Rated 9 [Member]
Loans by risk rating		23	23
Loans Rated 10 [Member]
Loans by risk rating
Purchased Loans [Member]
Loans by risk rating		254,073	239,709
Purchased Loans [Member] | Loans Rated 1-6 [Member]
Loans by risk rating		243,364	227,895
Purchased Loans [Member] | Loans Rated 7 [Member]
Loans by risk rating		7,147	7,147
Purchased Loans [Member] | Loans Rated 8 [Member]
Loans by risk rating		3,562	4,667
Purchased Loans [Member] | Loans Rated 9 [Member]
Loans by risk rating
Purchased Loans [Member] | Loans Rated 10 [Member]
Loans by risk rating
Commercial Real Estate Portfolio Segment [Member] | Originated Loans [Member]
Loans by risk rating		253,601	189,616
Commercial Real Estate Portfolio Segment [Member] | Originated Loans [Member] | Loans Rated 1-6 [Member]
Loans by risk rating		249,552	186,165
Commercial Real Estate Portfolio Segment [Member] | Originated Loans [Member] | Loans Rated 7 [Member]
Loans by risk rating		3,230	2,493
Commercial Real Estate Portfolio Segment [Member] | Originated Loans [Member] | Loans Rated 8 [Member]
Loans by risk rating		819	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 Portfolio Segment [Member] | Originated Loans [Member]
Loans by risk rating		150,087	145,758
Commercial Portfolio Segment [Member] | Originated Loans [Member] | Loans Rated 1-6 [Member]
Loans by risk rating		148,674	142,451
Commercial Portfolio Segment [Member] | Originated Loans [Member] | Loans Rated 7 [Member]
Loans by risk rating		560	3,290
Commercial Portfolio Segment [Member] | Originated Loans [Member] | Loans Rated 8 [Member]
Loans by risk rating		853	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
Residential Portfolio Segment [Member] | Originated Loans [Member]
Loans by risk rating	[1]	9,252	8,650
Residential Portfolio Segment [Member] | Originated Loans [Member] | Loans Rated 1-6 [Member]
Loans by risk rating	[1]	8,226	7,659
Residential Portfolio Segment [Member] | Originated Loans [Member] | Loans Rated 7 [Member]
Loans by risk rating	[1]	495	431
Residential Portfolio Segment [Member] | Originated Loans [Member] | Loans Rated 8 [Member]
Loans by risk rating	[1]	508	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]
[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		6 Months Ended
	Dec. 31, 2016USD ($)	Dec. 31, 2015USD ($)	Dec. 31, 2016USD ($)	Dec. 31, 2015USD ($)
Number of Contracts	4	3	6	3
Recorded Investment	$ 450	$ 208	$ 793	$ 208
Extended Maturity [Member]
Number of Contracts	1		1
Recorded Investment	$ 154		$ 154
Contractual Interest Rate Reduction [Member]
Number of Contracts	2		3
Recorded Investment	$ 135		$ 144
Rate and Maturity [Member]
Number of Contracts		3	1	3
Recorded Investment		$ 208	$ 334	$ 208
Principal Forgiveness [Member]
Number of Contracts	1		1
Recorded Investment	$ 161		$ 161
Court Ordered Concession [Member]
Number of Contracts
Recorded Investment

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		6 Months Ended
	Dec. 31, 2016USD ($)	Dec. 31, 2015USD ($)	Dec. 31, 2016USD ($)	Dec. 31, 2015USD ($)
Number of Contracts	4	3	6	3
Recorded Investment Pre-Modification	$ 357	$ 208	$ 700	$ 208
Recorded Investment Post-Modification	$ 450	$ 208	$ 793	$ 208
Originated Loans [Member]
Number of Contracts	4	3	5	3
Recorded Investment Pre-Modification	$ 357	$ 208	$ 366	$ 208
Recorded Investment Post-Modification	$ 450	$ 208	$ 459	$ 208
Originated Loans [Member] | Residential Real Estate, without Home Equity [Member]
Number of Contracts	3	3	4	3
Recorded Investment Pre-Modification	$ 266	$ 208	$ 275	$ 208
Recorded Investment Post-Modification	$ 289	$ 208	$ 298	$ 208
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	1		1
Recorded Investment Pre-Modification	$ 91		$ 91
Recorded Investment Post-Modification	$ 161		$ 161
Originated Loans [Member] | Consumer 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
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

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		6 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2016	Dec. 31, 2015
Contractually required payments receivable	$ 68,466	$ 60,153	$ 94,720	$ 91,427
Nonaccretable difference	(977)	(491)	(3,494)	(782)
Cash flows expected to be collected	67,489	59,662	91,226	90,645
Accretable yield	(21,456)	(23,807)	(31,340)	(31,334)
Fair value of loans acquired	46,033	35,855	59,886	59,311
Beginning balance	124,023	109,615	124,151	111,449
Acquisitions	21,456	23,807	31,340	31,334
Accretion	(4,656)	(3,885)	(9,308)	(7,640)
Reclassifications from non-accretable difference to accretable yield	973	2,764	1,131	3,041
Disposals and other changes	(13,373)	(8,208)	(18,891)	(14,091)
Ending balance	$ 128,423	$ 124,093	$ 128,423	$ 124,093

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	6 Months Ended
	Dec. 31, 2016	Dec. 31, 2016
Loans acquired during the period		$ 1,010
Loans at end of period	$ 3,917	$ 3,917

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		Dec. 31, 2016	Jun. 30, 2016
Unpaid principal balance	[1]	$ 284,637	$ 267,985
Carrying amount	[1]	$ 252,040	$ 237,054
[1]	Balances include loans held for sale of $975 thousand at December 31, 2016 and $0 at June 30, 2016.

Note 5 - Transfers and Servic44

Note 5 - Transfers and Servicing of Financial Assets (Details Textual) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Jun. 30, 2016
Servicing Asset at Amortized Cost	$ 2,300		$ 2,300		$ 1,800
Contractually Specified Servicing Fees, Amount	248	$ 167	408	$ 316
Mortgage Loans [Member]
Proceeds from Sale of Loans Held-for-investment	17,700	20,500	42,700	49,400
Mortgage Servicing Rights [Member]
Proceeds from Sale of Mortgage Servicing Rights (MSR)			$ 11,900		12,900
Assumption for Fair Value of Assets or Liabilities that relate to Transferor's Continuing Involvement, Discount Rate			7.80%
Assumption for Fair Value of Assets or Liabilities that relate to Transferor's Continuing Involvement, Prepayment Speed			16.00%
Commercial Loan [Member]
Proceeds from Sale of Mortgage Servicing Rights (MSR)			$ 33,300		32,900
SBA [Member]
Proceeds from Sale of Loans Held-for-investment	$ 17,500	$ 7,500	24,800	$ 13,000
Proceeds from Sale of Mortgage Servicing Rights (MSR)			$ 121,000		$ 83,800
Assumption for Fair Value of Assets or Liabilities that relate to Transferor's Continuing Involvement, Prepayment Speed			7.50%
SBA [Member] | Minimum [Member]
Assumption for Fair Value of Assets or Liabilities that relate to Transferor's Continuing Involvement, Discount Rate			8.80%
SBA [Member] | Maximum [Member]
Assumption for Fair Value of Assets or Liabilities that relate to Transferor's Continuing Involvement, Discount Rate			13.90%

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		6 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2016	Dec. 31, 2015
Net income	$ 3,100	$ 1,744	$ 4,851	$ 3,611
Weighted average shares used in calculation of basic EPS (in shares)	8,831,235	9,559,369	8,968,690	9,560,913
Incremental shares from assumed exercise of dilutive securities (in shares)	33,383	10,216	30,372	6,225
Weighted average shares used in calculation of diluted EPS (in shares)	8,864,618	9,569,585	8,999,062	9,567,138
Basic (in dollars per share)	$ 0.35	$ 0.18	$ 0.54	$ 0.38
Diluted (in dollars per share)	$ 0.35	$ 0.18	$ 0.54	$ 0.38

Note 6 - Earnings Per Share (46

Note 6 - Earnings Per Share (EPS) - Average Anti-dilutive Options and Warrants (Details) - shares	3 Months Ended		6 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2016	Dec. 31, 2015
Employee Stock Option [Member]
Stock options (in shares)	714,545	714,545	714,545	714,545

Note 7 - Derivatives and Hedg47

Note 7 - Derivatives and Hedging Activities (Details Textual) xbrli-pure in Thousands, $ in Millions	3 Months Ended		6 Months Ended
	Dec. 31, 2016USD ($)	Dec. 31, 2015	Dec. 31, 2016USD ($)	Dec. 31, 2015
Derivative, Collateral, Right to Reclaim Cash	$ 1.5		$ 1.5
Interest Rate Swap [Member]
Derivative, Number of Contracts Terminated Prior to Maturity	0	0	0	0

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	6 Months Ended	12 Months Ended
	Dec. 31, 2016	Jun. 30, 2016
Notional Amount	$ 31,000	$ 31,000
Unrealized Loss	1,629	3,276
Fair Value	(1,237)	(2,882)
Unrealized Loss	(1,629)	(3,276)
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	0.98%	0.65%
Pay Rate	3.38%	3.38%
Unrealized Loss	$ 634	$ 1,352
Fair Value	(634)	$ (1,352)
Strike Rate
Unrealized Loss	(634)	$ (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	0.98%	0.65%
Pay Rate	3.23%	3.23%
Unrealized Loss	$ 451	$ 1,005
Fair Value	(451)	$ (1,005)
Strike Rate
Unrealized Loss	(451)	$ (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	0.98%	0.65%
Pay Rate	2.77%	2.77%
Unrealized Loss	$ 215	$ 560
Fair Value	(215)	$ (560)
Strike Rate
Unrealized Loss	(215)	$ (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
Unrealized Loss	$ 159	$ 167
Strike Rate	2.50%	2.50%
Fair Value	$ 17	$ 10
Unrealized Loss	(159)	(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
Unrealized Loss	$ 170	$ 192
Strike Rate	2.50%	2.50%
Fair Value	$ 46	$ 25
Unrealized Loss	$ (170)	$ (192)

Note 8 - Other Comprehensive 49

Note 8 - Other Comprehensive Income - Components of Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2016	Dec. 31, 2015
Change in net unrealized loss on available-for-sale securities	$ (1,336)	$ (692)	$ (1,414)	$ (226)
Change in net unrealized gain or loss on available-for-sale securities, tax expense (benefit)	(507)	(263)	(537)	(85)
Change in net unrealized gain or loss on available-for-sale securities, after-tax amount	(829)	(429)	(877)	(141)
Change in accumulated gain (loss) on effective cash flow hedges	1,486	284	1,633	(554)
Change in accumulated gain (loss) on effective cash flow hedges, tax expense (benefit)	566	108	624	(211)
Change in accumulated gain (loss) on effective cash flow hedges, after-tax amount	920	176	1,009	(343)
Reclassification adjustments included in net income	8		14
Reclassification adjustment for net gains included in net income, tax expense (benefit)	3		5
Reclassification adjustment for net gains included in net income, after-tax amount	5		9
Total derivatives and hedging activities, pre tax	1,494	284	1,647	(554)
Total derivatives and hedging activities, tax expense (benefit)	569	108	629	(211)
Total derivatives and hedging activities, after-tax amount	925	176	1,018	(343)
Total other comprehensive gain (loss), pre tax	158	(408)	233	(780)
Total other comprehensive gain (loss), tax expense (benefit)	62	(155)	92	(296)
Total other comprehensive gain (loss), after-tax amount	$ 96	$ (253)	$ 141	$ (484)

Note 8 - Other Comprehensive 50

Note 8 - Other Comprehensive Income - Components of Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Jun. 30, 2016
Unrealized loss on available-for-sale securities, net-of-tax amount	$ (1,765)	$ (1,906)
Accumulated other comprehensive loss	(1,765)	(1,906)
Accumulated Net Investment Gain (Loss) Attributable to Parent [Member]
Unrealized loss on available-for-sale securities, before tax	(1,217)	197
Unrealized loss on available-for-sale securities, tax effect	462	(75)
Unrealized loss on available-for-sale securities, net-of-tax amount	(755)	122
Accumulated other comprehensive loss	(755)	122
Accumulated Net Gain (Loss) from Cash Flow Hedges Attributable to Parent [Member]
Unrealized loss on available-for-sale securities, before tax	(1,629)	(3,276)
Unrealized loss on available-for-sale securities, tax effect	619	1,248
Unrealized loss on available-for-sale securities, net-of-tax amount	(1,010)	(2,028)
Accumulated other comprehensive loss	$ (1,010)	$ (2,028)

Note 9 - Commitments and Cont51

Note 9 - Commitments and Contingencies (Details Textual) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Dec. 31, 2016	Dec. 31, 2016	Jun. 30, 2016
Loss Contingency, Estimate of Possible Loss	$ 63	$ 63	$ 81
CRA Qualified Investment [Member]
Fair Value Disclosure, Off-balance Sheet Risks, Face Amount, Liability	2,500	2,500	$ 2,500
Off-balance Sheet Liability, Funds Called	$ 0	$ 0

Note 9 - Commitments and Cont52

Note 9 - Commitments and Contingencies - Financial Instruments With Contract Amounts That Represent Credit Risk (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Jun. 30, 2016
Commitments to Grant Loans [Member]
Financial Instruments which Represent Credit Risks	$ 24,187	$ 44,684
Unfunded Commitments Under Lines of Credit [Member]
Financial Instruments which Represent Credit Risks	76,317	58,412
Standby Letters of Credit Risk [Member]
Financial Instruments which Represent Credit Risks	3,810	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]	6 Months Ended
	Dec. 31, 2016shares
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period	160,000
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

Note 10 - Stock-based Compens54

Note 10 - Stock-based Compensation - Summary of Restricted Share Activity (Details) - Restricted Stock [Member] - $ / shares	6 Months Ended
	Dec. 31, 2016	Dec. 31, 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)	6 Months Ended
	Dec. 31, 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	30.00%
Income Approach Valuation Technique [Member] | Minimum [Member]
Fair Value Inputs, Prepayment Rate	7.50%
Fair Value Inputs, Discount Rate	7.80%
Income Approach Valuation Technique [Member] | Maximum [Member]
Fair Value Inputs, Prepayment Rate	16.00%
Fair Value Inputs, Discount Rate	14.00%

Note 11 - Fair Value Measurem56

Note 11 - Fair Value Measurements - Assets and Liabilities Measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Thousands		Dec. 31, 2016	Jun. 30, 2016
Available-for-sale securities, at fair value		$ 90,533	$ 100,572
Interest rate swaps		1,237	2,882
US Government Agencies Debt Securities [Member]
Available-for-sale securities, at fair value		48,500	52,046
Collateralized Mortgage Backed Securities [Member]
Available-for-sale securities, at fair value		37,000	43,368
Collateralized Debt Obligations [Member]
Available-for-sale securities, at fair value		5,033	5,158
Fair Value, Measurements, Recurring [Member] | Interest Rate Cap [Member]
Interest rate caps		63	35
Fair Value, Measurements, Recurring [Member] | Interest Rate Swap [Member]
Interest rate swaps		1,300	2,917
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		63	35
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Interest Rate Swap [Member]
Interest rate swaps		1,300	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] | US Government Agencies Debt Securities [Member]
Available-for-sale securities, at fair value		48,500	52,046
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		48,500	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] | Collateralized Mortgage Backed Securities [Member]
Available-for-sale securities, at fair value		37,000	43,368
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		37,000	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 Debt Obligations [Member]
Available-for-sale securities, at fair value	[1]	5,033	5,158
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]
[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 ($)	Dec. 31, 2016	Jun. 30, 2016
Collateral dependent impaired loans	$ 17,164,000	$ 14,287,000
Real estate owned and other repossessed collateral, net	3,145,000	1,652,000
Fair Value, Measurements, Nonrecurring [Member]
Collateral dependent impaired loans	2,099,000	922,000
Real estate owned and other repossessed collateral, net	3,145,000	1,652,000
Loan servicing rights	2,342,000	1,771,000
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	2,099,000	922,000
Real estate owned and other repossessed collateral, net	3,145,000	1,652,000
Loan servicing rights	$ 2,342,000	$ 1,771,000

Note 11 - Fair Value Measurem58

Note 11 - Fair Value Measurements - Quantitative Information (Details) - USD ($) $ in Thousands		Dec. 31, 2016	Jun. 30, 2016
Collateral Dependent Impaired Loans [Member] | Market Approach Valuation Technique [Member]
Assets measured at fair value on a nonrecurring basis	[1]	$ 2,099	$ 922
Real Estate Owned and Other Repossessed Collateral [Member] | Market Approach Valuation Technique [Member]
Assets measured at fair value on a nonrecurring basis	[1]	3,145	1,652
Loan Servicing Rights [Member] | Income Approach Valuation Technique [Member]
Assets measured at fair value on a nonrecurring basis	[2]	$ 2,342	$ 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 30%.
[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 7.5% to 16.0%. For discount rates, the range was 7.8% to 14.0%.

Note 11 - Fair Value Measurem59

Note 11 - Fair Value Measurements - Estimated Fair Value of the Company's Financial Instruments (Details) - USD ($) $ in Thousands		Dec. 31, 2016	Jun. 30, 2016
Financial assets:
Available-for-sale securities, at fair value		$ 90,533	$ 100,572
Financial liabilities:
Interest rate swaps		1,237	2,882
Reported Value Measurement [Member]
Financial assets:
Cash and cash equivalents		112,196	151,157
Available-for-sale securities, at fair value		85,500	95,414
Other investment measured at net asset value(1)	[1]	5,033	5,158
Federal Home Loan Bank stock		1,938	2,408
Loans held for sale		8,979	7,519
Loans, net		763,831	690,086
Accrued interest receivable		1,722	1,579
Financial liabilities:
Deposits		839,571	800,432
FHLBB advances		20,024	30,075
Capital lease obligation		1,003	1,128
Subordinated debentures		23,469	23,331
Reported Value Measurement [Member] | Interest Rate Cap [Member]
Financial assets:
Interest rate caps		63	35
Reported Value Measurement [Member] | Interest Rate Swap [Member]
Financial liabilities:
Interest rate swaps		1,300	2,917
Estimate of Fair Value Measurement [Member]
Financial assets:
Cash and cash equivalents		112,196	151,157
Available-for-sale securities, at fair value		85,500	95,414
Other investment measured at net asset value(1)	[1]	5,033	5,158
Federal Home Loan Bank stock		1,938	2,408
Loans held for sale		8,979	7,519
Loans, net		769,998	695,830
Accrued interest receivable		1,722	1,579
Financial liabilities:
Deposits		840,073	801,045
FHLBB advances		20,143	30,396
Capital lease obligation		1,059	1,219
Subordinated debentures		25,285	25,664
Estimate of Fair Value Measurement [Member] | Interest Rate Cap [Member]
Financial assets:
Interest rate caps		63	35
Estimate of Fair Value Measurement [Member] | Interest Rate Swap [Member]
Financial liabilities:
Interest rate swaps		1,300	2,917
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member]
Financial assets:
Cash and cash equivalents		112,196	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
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member] | Interest Rate Cap [Member]
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 2 [Member]
Financial assets:
Cash and cash equivalents
Available-for-sale securities, at fair value		85,500	95,414
Other investment measured at net asset value(1)	[1]
Federal Home Loan Bank stock		1,938	2,408
Loans held for sale		8,979	7,519
Loans, net
Accrued interest receivable		1,722	1,579
Financial liabilities:
Deposits		840,073	801,045
FHLBB advances		20,143	30,396
Capital lease obligation		1,059	1,219
Subordinated debentures
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | Interest Rate Cap [Member]
Financial assets:
Interest rate caps		63	35
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | Interest Rate Swap [Member]
Financial liabilities:
Interest rate swaps		1,300	2,917
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member]
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		769,998	695,830
Accrued interest receivable
Financial liabilities:
Deposits
FHLBB advances
Capital lease obligation
Subordinated debentures		25,285	25,664
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member] | Interest Rate Cap [Member]
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
[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.