WVS Financial (WVFC) 10-Q 13 Nov 15 2016 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Sep. 30, 2015	Nov. 09, 2015
Document and Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2015
Entity Registrant Name	WVS FINANCIAL CORP
Entity Central Index Key	910,679
Current Fiscal Year End Date	--06-30
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2,016
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		2,039,129

CONSOLIDATED BALANCE SHEET

CONSOLIDATED BALANCE SHEET - USD ($) $ in Thousands	Sep. 30, 2015	Jun. 30, 2015
Assets
Cash and due from banks	$ 1,575	$ 1,839
Interest-earning demand deposits	394	1,734
Total cash and cash equivalents	1,969	3,573
Certificates of deposit	350	350
Investment securities available-for-sale (amortized cost of $89,238 and $66,968)	89,199	66,916
Investment securities held-to-maturity (fair value of $25,592 and $36,979)	25,123	36,618
Mortgage-backed securities held-to-maturity (fair value of $152,281 and $163,265)	151,428	162,639
Net loans receivable (allowance for loan losses of $323 and $304)	52,543	46,163
Accrued interest receivable	1,387	1,198
Federal Home Loan Bank (FHLB) stock, at cost	6,482	6,619
Premises and equipment, net	611	630
Bank owned life insurance	4,310	4,276
Deferred tax assets (net)	495	524
Other assets	192	210
TOTAL ASSETS	334,089	329,716
Deposits
Non-interest-bearing accounts	16,512	17,806
NOW accounts	20,205	20,238
Savings accounts	44,686	45,092
Money market accounts	24,183	23,601
Certificates of deposit	30,059	31,326
Advance payments by borrowers for taxes and insurance	853	865
Total deposits	136,498	138,928
Federal Home Loan Bank advances: long-term - fixed rate	12,500	12,500
Federal Home Loan Bank advances: long-term - variable rate	105,305	105,305
Federal Home Loan Bank advances: short-term	38,392	$ 37,830
Other Short-term Borrowings	7,950
Accrued interest payable	164	$ 156
Other liabilities	969	2,954
TOTAL LIABILITIES	$ 301,778	$ 297,673
Stockholders' equity:
Preferred stock: 5,000,000 shares, no par value per share, authorized; none Issued
Common stock: 10,000,000 shares, $.01 par value per share, authorized; 3,805,636 shares issued; 2,039,129 and 2,040,719 shares outstanding	$ 38	$ 38
Additional paid-in capital	21,485	21,485
Treasury stock: 1,766,507 and 1,764,917 shares at cost, respectively	(26,905)	(26,886)
Retained earnings, substantially restricted	39,583	39,353
Accumulated other comprehensive loss	(417)	(461)
Unallocated Employee Stock Ownership Plan ("ESOP") shares	(1,473)	(1,486)
TOTAL STOCKHOLDERS' EQUITY	32,311	32,043
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 334,089	$ 329,716

CONSOLIDATED BALANCE SHEET (Par

CONSOLIDATED BALANCE SHEET (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2015	Jun. 30, 2015
Assets
Investment securities available-for-sale, amortized cost	$ 89,238	$ 66,968
Investment securities held-to-maturity, fair value	25,592	36,979
Mortgage-backed securities held-to-maturity, fair value	152,281	163,265
Net loans receivable, allowance for loan losses	$ 323	$ 304
Stockholders' equity:
Preferred stock, shares authorized	5,000,000	5,000,000
Preferred stock, no par value per share	$ 0	$ 0
Preferred stock, shares issued	0	0
Common stock, shares authorized	10,000,000	10,000,000
Common stock, par value per share	$ 0.01	$ 0.01
Common stock, shares issued	3,805,636	3,805,636
Common stock, shares outstanding	2,039,129	2,040,719
Treasury stock, shares at cost	1,766,507	1,764,917

CONSOLIDATED STATEMENT OF INCOM

CONSOLIDATED STATEMENT OF INCOME - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
INTEREST AND DIVIDEND INCOME:
Loans, including fees	$ 522	$ 373
Investment securities - taxable	507	295
Mortgage-backed securities	514	796
Certificates of deposit	2	2
FHLB Stock	92	54
Total interest and dividend income	1,637	1,520
INTEREST EXPENSE:
Deposits	52	59
Federal Home Loan Bank advances - long-term - fixed rate	142	142
Federal Home Loan Bank advances - long-term - variable rate	83	70
Federal Home Loan Bank advances - short-term	28	$ 17
Other short-term borrowings	6
Total interest expense	311	$ 288
NET INTEREST INCOME	1,326	1,232
PROVISION FOR LOAN LOSSES	19	3
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES	1,307	1,229
NON-INTEREST INCOME:
Service charges on deposits	43	41
Earnings on Bank Owned Life Insurance	34	35
Other	62	62
Total non-interest income	139	138
NON-INTEREST EXPENSE:
Salaries and employee benefits	544	533
Occupancy and equipment	84	77
Data processing	59	59
Correspondent bank service charges	9	10
Federal deposit insurance premium	50	46
Other	197	190
Total non-interest expense	943	915
INCOME BEFORE INCOME TAXES	503	452
INCOME TAX EXPENSE	192	153
NET INCOME	$ 311	$ 299
EARNINGS PER SHARE:
Basic	$ 0.16	$ 0.15
Diluted	$ 0.16	$ 0.15
AVERAGE SHARES OUTSTANDING:
Basic	1,909,262	1,959,381
Diluted	1,909,262	1,959,381

CONSOLIDATED STATEMENT OF COMPR

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME [Abstract]
NET INCOME	$ 311	$ 299
Investment securities available for sale not other-than-temporarily impaired:
Gains (losses) arising during the year	12	(62)
Less: Income tax effect	4	(21)
Net gains (losses)	8	(41)
Unrealized holdings gains (losses) on investment securities available for sale not other-than-temporarily impaired, net of tax	8	(41)
Investment securities held to maturity other-than-temporarily impaired:
Accretion of other comprehensive loss on other-than-temporarily impaired securities held to maturity	54	61
Less: Income tax effect	18	21
Net accretion	36	40
Unrealized holding gains on other-than-temporarily impaired securities held to maturity, net of tax	36	40
Other comprehensive income (loss)	44	(1)
COMPREHENSIVE INCOME	$ 355	$ 298

CONSOLIDATED STATEMENT OF STOCK

CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY - 3 months ended Sep. 30, 2015 - USD ($) $ in Thousands	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Treasury Stock [Member]	Retained Earnings - Substantially Restricted [Member]	Accumulated Other Comprehensive Loss [Member]	Unallocated ESOP Shares [Member]
Balance at Jun. 30, 2015	$ 32,043	$ 38	$ 21,485	$ (26,886)	$ 39,353	$ (461)	$ (1,486)
Net income	311				311
Other comprehensive income	44					44
Purchase of treasury stock (1,590 shares)	$ (19)			(19)
Increase in unallocated ESOP shares
Release of ESOP shares	$ 13						13
Cash dividends declared ($0.04 per share)	(81)				(81)
Balance at Sep. 30, 2015	$ 32,311	$ 38	$ 21,485	$ (26,905)	$ 39,583	$ (417)	$ (1,473)

CONSOLIDATED STATEMENT OF STOC7

CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY (Parenthetical)	3 Months Ended
	Sep. 30, 2015$ / sharesshares
CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY [Abstract]
Purchase of treasury stock, shares | shares	1,590
Cash dividends declared, per share	$ 0.04

CONSOLIDATED STATEMENT OF CASH

CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
OPERATING ACTIVITIES
Net income	$ 311	$ 299
Adjustments to reconcile net income to cash provided by (used for) operating activities:
Provision for loan losses	20	3
Depreciation	$ 25	20
Gain on sale of other real estate owned		(5)
Amortization of discounts, premiums and deferred loan fees	$ 487	120
Deferred income taxes	24	(4)
Increase in prepaid/accrued income taxes	35	37
Earnings on bank owned life insurance	(34)	(35)
Increase in accrued interest receivable	(189)	(285)
Increase (decrease) in accrued interest payable	$ 8	(2)
Increase (decrease) in deferred director compensation payable		$ 8
Decrease in unsettled security purchases	$ (1,969)
Other, net	(49)	$ (152)
Net cash provided by (used for) operating activities	(1,331)	$ 4
Available-for-sale:
Purchase of investment securities	(24,838)
Proceeds from repayments of investment securities	2,058	$ 1,208
Held-to-maturity:
Purchases of investment securities	$ (9,358)	(18,380)
Purchases of mortgage-backed securities		(6,081)
Proceeds from repayments of investment securities	$ 20,866	4,158
Proceeds from repayments of mortgage-backed securities	11,274	13,736
Purchase of certificates of deposit	(100)	(100)
Maturities/redemptions of certificates of deposit	100	348
Increase in net loans receivable	$ (6,401)	(1,377)
Proceeds from sale of other real estate owned		251
Purchase of FHLB stock	$ (1,643)	(1,214)
Redemption of FHLB stock	1,780	745
Acquisition of premises and equipment	(6)	(46)
Net cash used for investing activities	(6,268)	(6,752)
FINANCING ACTIVITIES
Net increase (decrease) in transaction and savings accounts	(1,151)	1,505
Net decrease in certificates of deposit	(1,267)	(1,189)
Net decrease in advance payments by borrowers for taxes and insurance	$ (12)	(321)
Proceeds from FHLB long-term advances - variable rate		6,109
Net increase in FHLB short-term advances	$ 562	$ 1,127
Net increase in other short-term borrowings	7,950
Purchase of treasury stock	$ (19)	$ (72)
Increase in unallocated ESOP shares		$ (156)
Release of ESOP shares	$ 13
Cash dividends paid	(81)	$ (82)
Net cash provided by financing activities	5,995	6,921
Increase (decrease) in cash and cash equivalents	(1,604)	173
CASH AND CASH EQUIVALENTS AT BEGINNING OF THE PERIOD	3,573	1,360
CASH AND CASH EQUIVALENTS AT END OF THE PERIOD	1,969	1,533
Cash paid during the period for:
Interest on deposits and borrowings	303	290
Income taxes	$ 150	127
Non-cash items:
Educational Improvement Tax Credit		9
Mortgage loans transferred to other real estate owned		$ 246

BASIS OF PRESENTATION

BASIS OF PRESENTATION	3 Months Ended
	Sep. 30, 2015
BASIS OF PRESENTATION [Abstract]
BASIS OF PRESENTATION	1. BASIS OF PRESENTATION The accompanying unaudited consolidated financial statements have been prepared in accordance with the instructions for Form 10-Q and therefore do not include information or footnotes necessary for a complete presentation of financial condition, results of operations, and cash flows in conformity with U.S. generally accepted accounting principles (GAAP) . However, all adjustments (consisting only of normal recurring adjustments) which, in the opinion of management, are necessary for a fair presentation have been included. The results of operations for the three months ended September 30 , 201 5 , are not necessarily indicative of the results which may be expected for the entire fiscal year.

RECENT ACCOUNTING PRONOUNCEMENT

RECENT ACCOUNTING PRONOUNCEMENTS	3 Months Ended
	Sep. 30, 2015
RECENT ACCOUNTING PRONOUNCEMENTS [Abstract]
RECENT ACCOUNTING PRONOUNCEMENTS	2. RECENT ACCOUNTING PRONOUNCEMENTS In January 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2014-01, Investments – Equity Method and Joint Ventures (Topic 323): Accounting for Investments in Qualified Affordable Housing Projects. The amendments in this Update permit reporting entities to make an accounting policy election to account for their investments in qualified affordable housing projects using the proportional amortization method if certain conditions are met. Under the proportional amortization method, an entity amortizes the initial cost of the investment in proportion to the tax credits and other tax benefits received and recognizes the net investment performance in the income statement as a component of income tax expense (benefit). The amendments in this Update should be applied retrospectively to all periods presented. A reporting entity that uses the effective yield method to account for its investments in qualified affordable housing projects before the date of adoption may continue to apply the effective yield method for those preexisting investments. The amendments in this Update are effective for public business entities for annual periods and interim reporting periods within those annual periods, beginning after December 15, 2014. Early adoption is permitted. This Update did not have a significant impact on the Company's financial statements. In January 2014, the FASB issued ASU 2014-04, Receivables – Troubled Debt Restructurings by Creditors (Subtopic 310-40): Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans upon Foreclosure. The amendments in this Update clarify that an in substance repossession or foreclosure occurs, and a creditor is considered to have received physical possession of residential real estate property collateralizing a consumer mortgage loan, upon either (1) the creditor obtaining legal title to the residential real estate property upon completion of a foreclosure or (2) the borrower conveying all interest in the residential real estate property to the creditor to satisfy that loan through completion of a deed in lieu of foreclosure or through a similar legal agreement. Additionally, the amendments require interim and annual disclosure of both (1) the amount of foreclosed residential real estate property held by the creditor and (2) the recorded investment in consumer mortgage loans collateralized by residential real estate property that are in the process of foreclosure according to local requirements of the applicable jurisdiction . The amendments in this Update are effective for public business entities for annual periods, and interim periods within those annual periods, beginning after December 15, 2014. An entity can elect to adopt the amendments in this Update using either a modified retrospective transition method or a prospective transition method. This Update did not have a significant impact on the Company's financial statements. In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers (a new revenue recognition standard). The Update's core principle is that a company will recognize revenue to depict the transfer of goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. In addition, this update specifies the accounting for certain costs to obtain or fulfill a contract with a customer and expands disclosure requirements for revenue recognition. This Update is effective for annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period. The Company is evaluating the effect of adopting this new accounting Update. In June 2014, the FASB issued ASU 2014-11, Transfers and Servicing (Topic 860): Repurchase-to-Maturity Transactions, Repurchase Financings, and Disclosures . The amendments in this Update change the accounting for repurchase-to-maturity transactions to secured borrowing accounting. For repurchase financing arrangements, the amendments require separate accounting for a transfer of a financial asset executed contemporaneously with a repurchase agreement with the same counterparty, which will result in secured borrowing accounting for the repurchase agreement. The amendments also require enhanced disclosures. The accounting changes in this Update are effective for the first interim or annual period beginning after December 15, 2014. An entity is required to present changes in accounting for transactions outstanding on the effective date as a cumulative-effect adjustment to retained earnings as of the beginning of the period of adoption. Earlier application is prohibited. The disclosure for certain transactions accounted for as a sale is required to be presented for interim and annual periods beginning after December 15, 2014, and the disclosure for repurchase agreements, securities lending transactions, and repurchase-to-maturity transactions accounted for as secured borrowings is required to be presented for annual periods beginning after December 15, 2014, and for interim periods beginning after March 15, 2015. The disclosures are not required to be presented for comparative periods before the effective date. The Company has included the disclosures related to this Update in Note 11. In June 2014, the FASB issued ASU 2014-12, Compensation – Stock Compensation ( Topic 718 ): Accounting for Share-Based Payments when the Terms of an Award Provide that a Performance Target Could Be Achieved After the Requisite Service Period . The amendments require that a performance target that affects vesting and that could be achieved after the requisite service period be treated as a performance condition. The amendments in this Update are effective for annual periods and interim periods within those annual periods beginning after December 15, 2015. Earlier adoption is permitted. Entities may apply the amendments in this Update either (a) prospectively to all awards granted or modified after the effective date or (b) retrospectively to all awards with performance targets that are outstanding as of the beginning of the earliest annual period presented in the financial statements and to all new or modified awards thereafter. If retrospective transition is adopted, the cumulative effect of applying this Update as of the beginning of the earliest annual period presented in the financial statements should be recognized as an adjustment to the opening retained earnings balance at that date. Additionally, if retrospective transition is adopted, an entity may use hindsight in measuring and recognizing the compensation cost. This Update is not expected to have a significant impact on the Company's financial statements. In August 2014, the FASB issued ASU 2014-14, Receivables – Troubled Debt Restructurings by Creditors (Subtopic 310-40) . The amendments in this Update require that a mortgage loan be derecognized and that a separate other receivable be recognized upon foreclosure if the following conditions are met: (1) the loan has a government guarantee that is not separable from the loan before foreclosure, ( 2 3 In August 2014, the FASB issued ASU 2014-15, Presentation of Financial Statements – Going Concern (Subtopic 205-40). The amendments in this Update provide guidance in accounting principles generally accepted in the United States of America about management's responsibility to evaluate whether there is substantial doubt about an entity's ability to continue as a going concern and to provide related footnote disclosures. The amendments in this Update are effective for the annual period ending after December 15, 2016, and for annual periods and interim periods thereafter. Early application is permitted. This Update is not expected to have a significant impact on the Company's financial statements. In November 2014, the FASB issued ASU 2014-16, Derivatives and Hedging (Topic 815): Determining Whether the Host Contract in a Hybrid Financial Instrument Issued in the Form of a Share Is More Akin to Debt or to Equity (a consensus of the FASB Emerging Issues Task Force). This Update clarifies how current U.S. GAAP should be interpreted in subjectively evaluating the economic characteristics and risks of a host contract in a hybrid financial instrument that is issued in the form of a share. Public business entities are required to implement the new requirements in fiscal years and interim periods within those fiscal years beginning after December 15, 2015. This Update is not expected to have a significant impact on the Company's financial statements. In November 2014, the FASB issued ASU 2014-17, Business Combinations (Topic 805): Pushdown Accounting. The amendments in this Update apply to the separate financial statements of an acquired entity and its subsidiaries that are a business or nonprofit activity (either public or nonpublic) upon the occurrence of an event in which an acquirer (an individual or an entity) obtains control of the acquired entity. An acquired entity may elect the option to apply pushdown accounting in the reporting period in which the change-in-control event occurs. If pushdown accounting is not applied in the reporting period in which the change-in-control event occurs, an acquired entity will have the option to elect to apply pushdown accounting in a subsequent reporting period to the acquired entity's most recent change-in-control event. The amendments in this Update are effective on November 18, 2014. After the effective date, an acquired entity can make an election to apply the guidance to future change-in-control events or to its most recent change-in-control event. This Update is not expected to have a significant impact on the Company's financial statements. In January 2015, the FASB issued ASU 2015-01, Income Statement – Extraordinary and Unusual Items, as part of its initiative to reduce complexity in accounting standards. This Update eliminates from U.S. GAAP the concept of extraordinary items. The amendments in this Update are effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2015. A reporting entity may apply the amendments prospectively. A reporting entity may also apply the amendments retrospectively to all prior periods presented in the financial statements. Early adoption is permitted provided that the guidance is applied from the beginning of the fiscal year of adoption. This Update is not expected to have a significant impact on the Company's financial statements. In February 2015, the FASB issued ASU 2015-02, Consolidation (Topic 810) . The amendments in this Update affect reporting entities that are required to evaluate whether they should consolidate certain legal entities. All legal entities are subject to reevaluation under the revised consolidation model. Specifically, the amendments (1) modify the evaluation of whether limited partnerships and similar legal entities are variable interest entities (“VIEs”) or voting interest entities; (2) eliminate the presumption that a general partner should consolidate a limited partnership; (3) affect the consolidation analysis of reporting entities that are involved with VIEs, particularly those that have fee arrangements and related-party relationships; and (4) provide a scope exception from consolidation guidance for reporting entities with interests in legal entities that are required to comply with or operate in accordance with requirements that are similar to those in Rule 2a-7 of the Investment Company Act of 1940 for registered money market funds. The amendments in this Update are effective for public business entities for fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2015. For all other entities, the amendments in this Update are effective for fiscal years beginning after December 15, 2016, and for interim periods within fiscal years beginning after December 15, 2017. This Update is not expected to have a significant impact on the Company's financial statements. In April 2015, the FASB issued ASU 2015-03, Interest – Imputation of Interest (Subtopic 835-30) , as part of its initiative to reduce complexity in accounting standards. To simplify presentation of debt issuance costs, the amendments in this Update require that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts. The recognition and measurement guidance for debt issuance costs are not affected by the amendments in this Update. For public business entities, the amendments in this Update are effective for financial statements issued for fiscal years beginning after December 15, 2015, and interim periods within those fiscal years. For all other entities, the amendments in this Update are effective for financial statements issued for fiscal years beginning after December 15, 2015, and interim periods within fiscal years beginning after December 15, 2016. An entity should apply the new guidance on a retrospective basis, wherein the balance sheet of each individual period presented should be adjusted to reflect the period-specific effects of applying the new guidance. This Update is not expected to have a significant impact on the Company's financial statements. In April 2015, the FASB issued ASU 2015-04, Compensation – Retirement Benefits (Topic 715), as part of its initiative to reduce complexity in accounting standards. For an entity with a fiscal year-end that does not coincide with a month-end, the amendments in this Update provide a practical expedient that permits the entity to measure defined benefit plan assets and obligations using the month-end that is closest to the entity's fiscal year-end and apply that practical expedient consistently from year to year. The practical expedient should be applied consistently to all plans if an entity has more than one In April 2015, the FASB issued ASU 2015-05, Intangibles – Goodwill and Other – Internal-Use Software (Subtopic 350-40) , as part of its initiative to reduce complexity in accounting standards. This guidance will help entities evaluate the accounting for fees paid by a customer in a cloud computing arrangement. The amendments in this Update provide guidance to customers about whether a cloud computing arrangement includes a software license. If a cloud computing arrangement includes a software license, then the customer should account for the software license element of the arrangement consistent with the acquisition of other software licenses. If a cloud computing arrangement does not include a software license, the customer should account for the arrangement as a service contract. For public business entities, the FASB decided that the amendments will be effective for annual periods, including interim periods within those annual periods, beginning after December 15, 2015. For all other entities, the amendments will be effective for annual periods beginning after December 15, 2015, and interim periods in annual periods beginning after December 15, 2016. Early adoption is permitted for all entities. This Update is not expected to have a significant impact on the Company's financial statements. In April 2015, the FASB issued ASU 2015-06, Earnings Per Share (Topic 260): Effects on Historical Earnings per Unit of Master Limited Partnership Dropdown Transactions. Topic 260, Earnings Per Share , contains guidance that addresses master limited partnerships that originated from Emerging Issues Task Force (“EITF”) Issue No. 07-4, Application of the Two-Class Method Under FASB Statement No. 128 to Master Limited Partnerships . Under Topic 260, master limited partnerships apply the two-class method of calculating earnings per unit because the general partner, limited partners, and incentive distribution rights holders each participate differently in the distribution of available cash in accordance with the contractual rights contained in the partnership agreement. The amendments in this Update specify that for purposes of calculating historical earnings per unit under the two-class method, the earnings (losses) of a transferred business before the date of a dropdown transaction should be allocated entirely to the general partner. In that circumstance, the previously reported earnings per unit of the limited partners (which is typically the earnings per unit measure presented in the financial statements) would not change as a result of the dropdown transaction. Qualitative disclosures about how the rights to the earnings (losses) differ before and after the dropdown transaction occurs for purposes of computing earnings per unit under the two-class method are also required. The amendments in this Update are effective for fiscal years beginning after December 15, 2015, and interim periods within those fiscal years. Earlier application is permitted. This Update is not expected to have a significant impact on the Company's financial statements. In May 2015, the FASB issued ASU 2015-07, Disclosures for Investments in Certain Entities that Calculate Net Asset Value per Share (or Its Equivalent) . The Update applies to reporting entities that elect to measure the fair value of an investment using the net asset value per share (or its equivalent) practical expedient. Under the amendments in this Update, investments for which fair value is measured at net asset value per share (or its equivalent) using the practical expedient should not be categorized in the fair value hierarchy. Removing those investments from the fair value hierarchy not only eliminates the diversity in practice resulting from the way in which investments measured at net asset value per share (or its equivalent) with future redemption dates are classified, but also ensures that all investments categorized in the fair value hierarchy are classified using a consistent approach. Investments that calculate net asset value per share (or its equivalent), but for which the practical expedient is not applied will continue to be included in the fair value hierarchy. A reporting entity should continue to disclose information on investments for which fair value is measured at net asset value (or its equivalent) as a practical expedient to help users understand the nature and risks of the investments and whether the investments, if sold, are probable of being sold at amounts different from net asset value. The amendments in this Update are effective for public business entities for fiscal years beginning after December 15, 2015, and interim periods within those fiscal years. For all other entities, the amendments in this Update are effective for fiscal years beginning after December 15, 2016, and interim periods within those fiscal years. A reporting entity should apply the amendments retrospectively to all periods presented. The retrospective approach requires that an investment for which fair value is measured using the net asset value per share practical expedient be removed from the fair value hierarchy in all periods presented in an entity's financial statements. Earlier application is permitted. This Update is not expected to have a significant impact on the Company's financial statements. In May 2015, the FASB issued ASU 2015-08 , Business Combinations – Pushdown Accounting – Amendment to SEC Paragraphs Pursuant to Staff Accounting Bulletin No. 115 . This Update was issued to amend various SEC paragraphs pursuant to the issuance of Staff Accounting Bulletin No. 115. This Update did not have a significant impact on the Company's financial statements. In May 2015, the FASB issued ASU 2015-09, Financial Services – Insurance (Topic 944): Disclosure About Short-Duration Contracts . The amendments apply to all insurance entities that issue short-duration contracts as defined in Topic 944, Financial Services – Insurance . The amendments require insurance entities to disclose for annual reporting periods certain information about the liability for unpaid claims and claim adjustment expenses. The amendments also require insurance entities to disclose information about significant changes in methodologies and assumptions used to calculate the liability for unpaid claims and claim adjustment expenses, including reasons for the change and the effects on the financial statements. Additionally, the amendments require insurance entities to disclose for annual and interim reporting periods a rollforward of the liability for unpaid claims and claim adjustment expenses, described in Topic 944. For health insurance claims, the amendments require the disclosure of the total of incurred-but-not-reported liabilities plus expected development on reported claims included in the liability for unpaid claims and claim adjustment expenses. For public business entities, the amendments in this Update are effective for annual periods beginning after December 15, 2015, and interim periods within annual periods beginning after December 15, 2016. For all other entities, the amendments in this Update are effective for annual periods beginning after December 15, 2016, and interim periods within annual periods beginning after December 15, 2017. This Update is not expected to have a significant impact on the Company's financial statements. In June 2015, the FASB issued ASU 2015-10, Technical Corrections and Improvements . The amendments in this Update represent changes to clarify the FASB Accounting Standards Codification (“Codification”), correct unintended application of guidance, or make minor improvements to the Codification that are not expected to have a significant effect on current accounting practice or create a significant administrative cost to most entities. Transition guidance varies based on the amendments in this Update. The amendments in this Update that require transition guidance are effective for all entities for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2015. Early adoption is permitted, including adoption in an interim period. All other amendments will be effective upon the issuance of this Update. This Update is not expected to have a significant impact on the Company's financial statements. In August 2015, the FASB issued ASU 2015-14, Revenue from Contracts with Customers (Topic 606). The amendments in this Update defer the effective date of ASU 2014-09 for all entities by one year. Public business entities, certain not-for-profit entities, and certain employee benefit plans should apply the guidance in ASU 2014-09 to annual reporting periods beginning after December 15, 2017, including interim reporting periods within that reporting period. All other entities should apply the guidance in ASU 2014-09 to annual reporting periods beginning after December 15, 2018, and interim reporting periods within annual reporting periods beginning after December 15, 2019. The Company is evaluating the effect of adopting this new accounting Update. In August 2015, the FASB issued ASU 2015-15, Interest – Imputation of Interest (Subtopic 835-30): Presentation And Subsequent Measurement of Debt Issuance Costs Associated with Line-of-Credit Arrangements - Amendments to SEC Paragraphs Pursuant to Staff Announcement at June 18, 2015 EITF Meeting . This Update adds SEC paragraphs pursuant to the SEC Staff Announcement at the June 18, 2015 Emerging Issues Task Force meeting about the presentation and subsequent measurement of debt issuance costs associated with line-of-credit arrangements. This Update is not expected to have a significant impact on the Company's financial statements. In September 2015, the FASB issued ASU 2015-16, Business Combinations (Topic 805). The amendments in this Update require that an acquirer recognizes adjustments to provisional amounts that are identified during the measurement period in the reporting period in which the adjustment amounts are determined. The amendments in this Update require that the acquirer record, in the same period's financial statements, the effect on earnings of changes in depreciation, amortization, or other income effects, if any, as a result of the change to the provisional amounts, calculated as if the accounting had been completed at the acquisition date. The amendments in this Update require an entity to present separately on the face of the income statement or disclose in the notes the portion of the amount recorded in current-period earnings by line item that would have been recorded in previous reporting periods if the adjustment to the provisional amounts had been recognized as of the acquisition date. For public business entities, the amendments in this Update are effective for fiscal years beginning after December 15, 2015, including interim periods within those fiscal years. For all other entities, the amendments in this Update are effective for fiscal years beginning after December 15, 2016, and interim periods within fiscal years beginning after December 15, 2017. This Update is not expected to have a significant impact on the Company's financial statements.

EARNINGS PER SHARE

EARNINGS PER SHARE	3 Months Ended
	Sep. 30, 2015
EARNINGS PER SHARE [Abstract]
EARNINGS PER SHARE	3. EARNINGS PER SHARE The following table sets forth the computation of the weighted-average common shares used to calculate basic and diluted earnings per share. Three Months Ended September 30, 2015 2014 Weighted average common shares issued 3,805,636 3,805,636 Average treasury stock shares (1,766,351 ) (1,754,526 ) Average unallocated ESOP shares (130,023 ) (91,729 ) Weighted average common shares and common stock equivalents used to calculate basic earnings per share 1,909,262 1,959,381 Additional common stock equivalents (stock options) used to calculate diluted earnings per share - - Weighted average common shares and common stock equivalents used to calculate diluted earnings per share 1,909,262 1,959,381 There are no convertible securities that would affect the numerator in calculating basi c and diluted earnings per share; therefore, net income as presented on the Consolidated Statement of Income is used. At September 30 , 201 5 , there were 1 1 4 , 519 options outstanding with an ex ercise price of $ 16.20 which were anti-dilutive for the three month period. At September 30 , 201 4 there were 1 1 4 , 519 options outstanding with an exercise price of $ 16.20

STOCK BASED COMPENSATION DISCLO

STOCK BASED COMPENSATION DISCLOSURE	3 Months Ended
	Sep. 30, 2015
STOCK BASED COMPENSATION DISCLOSURE [Abstract]
STOCK BASED COMPENSATION DISCLOSURE	4. STOCK BASED COMPENSATION DISCLOSURE The Company's 2008 Stock Incentive Plan (the “Plan”), which was approved by shareholders in October 2008, permits the grant of stock options or restricted shares to its directors and employees for up to 152,000 38,000 over five ten During the three month period s ended September 30 , 201 5 and 20 1 4 , the Company recorded no compensation expense related to our share-based compensation awards. As of September 30 , 201 5 , there was no unrecognized compensation cost related to unvested share-based compensation awards granted in fiscal 2009. The Company had no non-vested stock options outstanding at September 30 , 201 5 , and 2014. There were no stock options exercised or issued du ring the three months ended September 30 , 201 5 and 20 1 4 .

INVESTMENT SECURITIES

INVESTMENT SECURITIES	3 Months Ended
	Sep. 30, 2015
INVESTMENT SECURITIES [Abstract]
INVESTMENT SECURITIES	5 . INVESTMENT SECURITIES The amortized cost and fair values of investments are as follows: Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value (Dollars in Thousands) September 30, 2015 AVAILABLE FOR SALE Corporate debt securities $ 83,791 $ 61 $ (102 ) $ 83,750 Foreign debt securities [1] 4,745 3 (1 ) 4,747 Obligations of states and political subdivisions 702 - - 702 Total $ 89,238 $ 64 $ (103 ) $ 89,199 [1] U.S. dollar denominated investment-grade corporate bonds of large foreign issuers. Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value (Dollars in Thousands) September 30, 2015 HELD TO MATURITY U.S. government agency securities $ 16,219 $ 38 $ (1 ) $ 16,256 Corporate debt securities 3,549 306 - 3,855 Obligations of states and political subdivisions 5,355 126 - 5,481 Total $ 25,123 $ 470 $ (1 ) $ 25,592 Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value (Dollars in Thousands) June 30, 2015 AVAILABLE FOR SALE Corporate debt securities $ 60,968 $ 63 $ (93 ) $ 60,938 Foreign debt securities [2] 5,298 - (17 ) 5,281 Obligations of states and political subdivisions 702 - (5 ) 697 Total $ 66,968 $ 63 $ (115 ) $ 66,916 [2] U.S. dollar denominated investment-grade corporate bonds of large foreign issuers. Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value (Dollars in Thousands) June 30, 2015 HELD TO MATURITY U.S. government agency securities $ 27,395 $ 5 $ (94 ) $ 27,306 Corporate debt securities 3,868 371 - 4,239 Obligations of states and political subdivisions 5,355 79 - 5,434 Total $ 36,618 $ 455 $ (94 ) $ 36,979 There were no sales of investment securities for the three months ended September 30 , 201 5 and 2014 . The amortized cost and fair values of debt securities at September 30 , 201 5 , by contractual maturity, are shown below. Expected maturities may differ from the contractual maturities because issuers may have the right to call securities prior to their final maturities. Due in Due after Due after Due after Due after one year one through two through three through five through Due after or less two years three years five years ten years ten years Total (Dollars in Thousands) AVAILABLE FOR SALE Amortized cost $ 32,638 $ 55,607 $ - $ 993 $ - $ - $ 89,238 Fair value 32,620 55,595 - 985 - - 89,199 Weighted average yield 1.41 % 1.51 % - % 1.68 % - % - % 1.47 % HELD TO MATURITY Amortized cost $ 524 $ 1,471 $ 1,809 $ 1,605 $ 14,088 $ 5,626 $ 25,123 Fair value 548 1,499 1,734 1,734 14,216 5,640 25,592 Weighted average yield 6.15 % 3.46 % 5.29 % 4.96 % 1.82 % 1.75 % 2.44 % At September 30, 2015, investment securities with amortized costs of $ 14.7 14.8 H ome Loan Bank (FHLB) and broker repurchase agreements. Of the securities pledged, $ 6.2 at the FHLB . Excess collateral is maintained to support future borrowings and may be withdrawn by the Company at any time. At June 30, 201 5 , no investment securities were pledged to secure public deposits, broker repurchase agreements, or borrowings with the Federal Home Loan Bank.

MORTGAGE-BACKED SECURITIES

MORTGAGE-BACKED SECURITIES	3 Months Ended
	Sep. 30, 2015
MORTGAGE-BACKED SECURITIES [Abstract]
MORTGAGE-BACKED SECURITIES	6 . MORTGAGE-BACKED SECURITIES Mortgage-backed securities ("MBS") include mortgage pass-through certificates ("PCs") and collateralized mortgage obligations ("CMOs"). With a pass-through security, investors own an undivided interest in the pool of mortgages that collateralize the PCs. Principal and interest is passed through to the investor as it is generated by the mortgages underlying the pool. PCs and CMOs may be insured or guaranteed by Freddie Mac ("FHLMC"), Fannie Mae ("FNMA") and the Government National Mortgage Association ("GNMA"). CMOs may also be privately issued with varying degrees of credit enhancements. A CMO reallocates mortgage pool cash flow to a series of bonds (called traunches) with varying stated maturities, estimated average lives, coupon rates and prepayment characteristics. The Company's CMO portfolio is comprised of two segments: CMOs backed by U.S. Government Agencies (“Agency CMOs”) and CMOs backed by single-family whole loans not guaranteed by a U.S. Government Agency (“Private-Label CMOs”). At September 30 , 201 5 , the Company's Agency CMOs totaled $ 149.5 million as compared to $ 160.6 million at June 30, 20 1 5 . The Company's private-label CMOs totaled $ 1.9 million at September 3 0 , 201 5 as compared to $ 2 . 0 million at June 30, 20 1 5 . The $ 11.2 million de crease in the CMO segment of our MBS portfolio was primarily due to repayments on our Agency and private-label CMOs which totaled $ 1 1 . 1 million . During the three months ended September 3 0 , 201 5 , the Company received principal payments totaling $ 2 04 thousand on its private-label CMOs . At September 3 0 , 201 5 , approximately $ 151 . 4 million or 100.0 % (book value) of the Company's MBS portfolio, including CMOs , were comprised of adjustable or floating rate investments, as compared to $ 162 . 6 million or 100.0 % at June 30, 20 1 5 . Substantially all of the Company's floating rate MBS adjust monthly based upon changes in the one month LIBOR. The Company has no investment in multi-family or commercial real estate based MBS. Due to prepayments of the underlying loans, and the prepayment characteristics of the CMO traunches, the actual maturities of the Company's MBS are expected to be substantially less than the scheduled maturities. The Company retain s an independent third party to assist it in the determination of a fair value for its three private-label CMOs . This valuation is meant to be a “Level Three” valuation as defined by ASC Topic 820, Fair Value Measurements and Disclosures . The valuation does not represent the actual terms or prices at which any party could purchase the securities. There is currently no active secondary market for private-label CMOs and there can be no assurance that any secondary market for private-label CMOs will develop. T he private-label CMO portfolio had three previously recorded o ther -t han -t emporary i mpairment s at September 3 0 , 201 5 . During the three months ending September 3 0 , 201 5 , the Company reversed $ 54 thousand of non-credit unrealized holding losses on its three private-label CMOs with other than temporary impairments ("OTTI") due to principal repayments. During the three months ended September 30 , 201 5 , the Company reco rded n o additional credit impairment charges on its private-label CMO portfolio. The Company believes that the data and assumptions used to determine the fair values are reasonable. The fair value calculations reflect relevant facts and market conditions. Events and conditions occurring after the valuation date could have a material effect on the private-label CMO segment's fair value. The following table sets forth information with respect to the Company's private-label CMO portfolio as of September 30 , 201 5 . At the time of purchase, all of our private-label CMOs were rated in the highest investment category by at least two ratings agencies. At September 30, 2015 Rating Book Value Fair Value[3] Life to Date Impairment Recorded in Earnings Cusip # Security Description S&P Moody's Fitch (in thousands) 126694CP1 CWHL SER 21 A11 N/A Caa2 D $ 1,002 $ 1,290 $ 201 126694KF4 CWHL SER 24 A15 D N/A D 221 234 39 126694KF4 CWHL SER 24 A15 D N/A D 442 467 79 126694MP0 CWHL SER 26 1A5 D N/A D 210 224 36 $ 1,875 $ 2,215 $ 355 [3] Fair value estimate provided by the Company's independent third party valuation consultant. The amortized cost and fair values of the Company's mortgage-backed securities are as follows: Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value (Dollars in Thousands) September 30, 2015 HELD TO MATURITY Collateralized mortgage obligations: Agency $ 149,553 $ 1,224 $ (711 ) $ 150,066 Private-label 1,875 340 - 2,215 Total $ 151,428 $ 1,564 $ (711 ) $ 152,281 Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value June 30, 2015 (Dollars in Thousands) HELD TO MATURITY Collateralized mortgage obligations: Agency $ 160,614 $ 1,130 $ (909 ) $ 160,835 Private-label 2,025 405 - 2,430 Total $ 162,639 $ 1,535 $ (909 ) $ 163,265 The amortized cost and fair value of the Company's mortgage-backed securities at September 30 , 201 5 , by contractual maturity, are shown below. Expected maturities may differ from the contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. Due in Due after Due after one year one through five through Due after or less five years ten years ten years Total (Dollars in Thousands) HELD TO MATURITY Amortized cost $ - $ - $ 416 $ 151,012 $ 151,428 Fair value - - 430 151,851 152,281 Weighted average yield - % - % 1.62 % 1.31 % 1.31 % At September 30 , 201 5 , mortgage-backed securities with amortized cost s of $ 149 . 6 million and fair values of $ 150. 1 million were pledged to secure public deposits and borrowings with the Federal Home Loan Bank . Of the securities pledged, $ 1 9 . 2 million of fair value was excess collateral. At June 30, 201 5 mortgage-backed securities with an amortized cost of $ 14 4 . 1 million and fair values of $ 14 4 . 2 million, were pledged to secure public deposits and borrowings with the Federal Home Loan Bank. Of the securities pledged, $ 16.5 million of fair value was excess collateral. Excess collateral is maintained to support future borrowings and may be withdrawn by the Company at any time.

ACCUMULATED OTHER COMPREHENSIVE

ACCUMULATED OTHER COMPREHENSIVE LOSS	3 Months Ended
	Sep. 30, 2015
ACCUMULATED OTHER COMPREHENSIVE LOSS
ACCUMULATED OTHER COMPREHENSIVE LOSS	7. ACCUMULATED OTHER COMPREHENSIVE LOSS The following tables present the changes in accumulated other comprehensive loss by c omponent, for the three months ended September 30, 201 5 and 201 4 . Three Months Ended September 30, 2015 (Dollars in Thousands – net of tax) Unrealized Gains and Losses on Available-for-Sale Securities Unrealized Gains and Losses on Held-to-Maturity Securities Total Beginning Balance – June 30, 2015 $ (35 ) $ (426 ) $ (461 ) Other comprehensive income (loss) before reclassifications 8 36 44 Amounts reclassified from accumulated other comprehensive income (loss) - - - Net current-period other comprehensive income (loss) 8 36 44 Ending Balance – September 30, 2015 $ (27 ) $ (390 ) $ (417 ) Three Months Ended September 30, 2014 (Dollars in Thousands – net of tax) Unrealized Gains and Losses on Available-for-Sale Securities Unrealized Gains and Losses on Held-to-Maturity Securities Total Beginning Balance – June 30, 2014 $ 130 $ (550 ) $ (420 ) Other comprehensive income (loss) before reclassifications (41 ) 40 (1 ) Amounts reclassified from accumulated other comprehensive income (loss) - - - Net current-period other comprehensive income (loss) (41 ) 40 (1 ) Ending Balance – September 30, 2014 $ 89 $ (510 ) $ (421 ) There were no amounts reclassified out of accumulated other comprehensive income for the three months ended September 30 , 201 5 and 201 4 .

UNREALIZED LOSSES ON SECURITIES

UNREALIZED LOSSES ON SECURITIES	3 Months Ended
	Sep. 30, 2015
UNREALIZED LOSSES ON SECURITIES [Abstract]
UNREALIZED LOSSES ON SECURITIES	8 . UNREALIZED LOSSES ON SECURITIES The following table s show the Company's gross unrealized losses and fair value, aggregated by category and length of time that the individual securities have been in a continuous unrealized loss position, at September 30 , 201 5 and June 30, 20 1 5 . September 30, 2015 Less Than Six Months Six through Twelve Months Twelve Months or Greater Total Gross Gross Gross Gross Fair Unrealized Fair Unrealized Fair Unrealized Fair Unrealized Value Losses Value Losses Value Losses Value Losses (Dollars in Thousands) Corporate debt securities $ 38,537 $ (73 ) $ 8,115 $ (29 ) $ - $ - $ 46,652 $ (102 ) Foreign Debt Securities (4) 1,574 (1 ) - - - - 1,574 (1 ) U.S. government agency securities 499 (1 ) - - - - 499 (1 ) Obligations of states and political subdivisions 702 - - - - - 702 - Collateralized mortgage obligations: Agency 5,788 (9 ) 27,285 (480 ) 19,768 (222 ) 52,841 (711 ) Total $ 47,100 $ (84 ) $ 35,400 $ (509 ) $ 19,768 $ (222 ) $ 102,268 $ (815 ) June 30, 2015 Less Than Six Months Six through Twelve Months Twelve Months or Greater Total Gross Gross Gross Gross Fair Unrealized Fair Unrealized Fair Unrealized Fair Unrealized Value Losses Value Losses Value Losses Value Losses (Dollars in Thousands) Corporate debt securities $ 28,284 $ (88 ) $ 1,285 $ (5 ) $ - $ - $ 29,569 $ (93 ) Foreign Debt Securities (4) 4,780 (16 ) 501 (1 ) - - 5,281 (17 ) U.S. government agency securities 21,318 (94 ) - - - - 21,318 (94 ) Obligations of states and political subdivisions 697 (5 ) - - - - 697 (5 ) Collateralized mortgage obligations: Agency 22,504 (121 ) 21,243 (663 ) 16,092 (125 ) 59,839 (909 ) Total $ 77,583 $ (324 ) $ 23,029 $ (669 ) $ 16,092 $ (125 ) $ 116,704 $ (1,118 ) [3] Fair value estimate provided by the Company's independent third party valuation consultant. [4] U.S. dollar denominated investment-grade corporate bonds of large foreign corporate issuers. For debt securities , impairment is considered to be other than temporary if an entity (1) intends to sell the security, (2) more likely than not will be required to sell the security before recovering its amortized cost basis, or (3) does not expect to recover the security's entire amortized cost basis (even if the entity does not intend to sell the security). In addition, impairment is considered to be other than temporary if the present value of cash flows expected to be collected from the debt security is less than the amortized cost basis of the security (any such shortfall is referred to as a credit loss). The Company evaluates outstanding available-for-sale and held-to-maturity securities in an unrealized loss position (i.e., impaired securities) for OTTI on a quarterly basis. In doing so, the Company considers many factors including, but not limited to: the credit ratings assigned to the securities by the Nationally Recognized Statistical Rating Organizations ("NRSRO"); other indicators of the credit quality of the issuer; the strength of the provider of any guarantees; the length of time and extent that fair value has been less than amortized cost; and whether the Company has the intent to sell the security or more likely than not will be required to sell the security before its anticipated recovery. In the case of its private label residential MBS, the Company also considers prepayment speeds, the historical and projected performance of the underlying loans and the credit support provided by the subordinate securities. These evaluations are inherently subjective and consider a number of quantitative and qualitative factors. The following table presents a roll-forward of the credit loss component of the amortized cost of mortgage-backed securities that we have written down for OTTI and the credit component of the loss that is recognized in earnings. OTTI recognized in earnings for credit impaired mortgage-back ed securities i s presented as additions in two components based upon whether the current period is the first time the mortgage-backed security was credit-impaired (initial credit impairment) or is not the first time the mortgage-backed security was credit impaired (subsequent credit impairments). The credit loss component is reduced if we sell, intend to sell or believe that we will be required to sell previously credit-impaired mortgage-backed securities. Additionally, the credit loss component is reduced if we receive cash flows in excess of what we expected to receive over the remaining life of the credit impaired mortgage-backed securities, the security matures or is fully written down. Three Months Ended September 30, 2015 2014 (Dollars in Thousands) Beginning balance $ 248 $ 302 Initial credit impairment - - Subsequent credit impairment - - Reductions for amounts recognized in earnings due to intent or requirement to sell - - Reductions for securities sold - - Reduction for actual realized losses (14 ) (10 ) Reduction for increase in cash flows expected to be collected - - Ending Balance $ 234 $ 292 During the three months ended September 30 , 201 5 , the Company recorded no credit impairment charge and no non-credit unrealized holding loss to accumulated other comprehensive income . During the three months ended September 30 , 201 5 , t he Company accrete d back into other comprehensive income $ 36 thousand (net of income tax effect of $ 18 thousand ), based on principal repayments on private-label CMOs previously identified with OTTI. In the case of its private - label residential CMOs that exhibit adverse risk characteristics, the Company employs models to determine the cash flows that it is likely to collect from the securities. These models consider borrower characteristics and the particular attributes of the loans underlying the securities, in conjunction with assumptions about future changes in home prices and interest rates, to predict the likelihood a loan will default and the impact on default frequency, loss severity and remaining credit enhancement. A significant input to these models is the forecast of future housing price changes for the relevant states and metropolitan statistical areas, which are based upon an assessment of the various housing markets. In general, since the ultimate receipt of contractual payments on these securities will depend upon the credit and prepayment performance of the underlying loans and, if needed, the credit enhancements for the senior securities owned by the Company, the Company uses these models to assess whether the credit enhancement associated with each security is sufficient to protect against likely losses of principal and interest on the underlying mortgage loans. The development of the modeling assumptions requires significant judgment. In conjunction with our adoption of ASC Topic 820 effective June 30, 2009, the Company retained an independent third party to assist it with assessing its investments within the private - label CMO portfolio. The independent third part y utilized certain assumptions for producing the cash flow analyses used in the OTTI assessment. Key assumptions would include interest rates, expected market participant spreads and discount rates, housing prices, projected future delinquency levels and assumed loss rates on any liquidated collateral. The Company reviewed the independent third party's assumptions used in the September 30 , 201 5 OTTI process. Based on the results of this review, the Company deemed the independent third party's assumptions to be reasonable and adopted them. However, different assumptions could produce materially different results, which could impact the Company's conclusions as to whether an impairment is considered other-than-temporary and the magnitude of the credit loss. Management believes that no additional private-label CMOs in the portfolio had an o ther -t han -t emporary i mpairment at September 30 , 201 5 , keeping the total at three private-label CMOs with OTTI at September 30 , 201 5 . If the Company intends to sell an impaired debt security, or more likely than not will be required to sell the security before recovery of its amortized cost basis, the impairment is other-than-temporary and is recognized currently in earnings in an amount equal to the entire difference between fair value and amortized cost. The Company does not anticipate selling its private-label CMO portfolio, nor do es Management believe that the Company will be required to sell these securities before recovery of this amortized cost basis. In instances in which the Company determines that a credit loss exists but the Company does not intend to sell the security and it is not more likely than not that the Company will be required to sell the security before the anticipated recovery of its remaining amortized cost basis, the OTTI is separated into (1) the amount of the total impairment related to the credit loss and ( 2 the amount of the total impairment related to all other factors (i.e., the noncredit portion). The amount of the total OTTI related to the credit loss is recognized in earnings and the amount of the total OTTI related to all other factors is recognized in accumulated other comprehensive loss. The total OTTI is presented in the Consolidated Statement of Income with an offset for the amount of the total OTTI that is recognized in accumulated other comprehensive loss. Absent the intent or requirement to sell a security, if a credit loss does not exist, any impairment is considered to be temporary. Regardless of whether an OTTI is recognized in its entirety in earnings or if the credit portion is recognized in earnings and the noncredit portion is recognized in other comprehensive income (loss), the estimation of fair values has a significant impact on the amount(s) of any impairment that is recorded. The noncredit portion of any OTTI losses on securities classified as available-for-sale is adjusted to fair value with an offsetting adjustment to the carrying value of the security. The fair value adjustment could increase or decrease the carrying value of the security. All of the Company's private-label CMOs were originally, and continue to be classified, as held to maturity. In periods subsequent to the recognition of an OTTI loss, the other-than-temporarily impaired debt security is accounted for as if it had been purchased on the measurement date of the OTTI at an amount equal to the previous amortized cost basis less the credit-related OTTI recognized in earnings. For debt securities for which credit-related OTTI is recognized in earnings, the difference between the new cost basis and the cash flows expected to be collected is accreted into interest income over the remaining life of the security in a prospective manner based on the amount and timing of future estimated cash flows. The Company ha d investments in 48 positions that were temporarily impaired at September 30 , 20 1 5 . Based on its analysis, management has concluded that three private-label CMOs are other-than-temporarily impaired, while the remaining securities portfolio has experienced unrealized losses and a decrease in fair value due to interest rate volatility, illiquidity in the marketplace, or credit deterioration in the U.S. mortgage markets.

LOANS AND RELATED ALLOWANCE FOR

LOANS AND RELATED ALLOWANCE FOR LOAN LOSSES	3 Months Ended
	Sep. 30, 2015
LOANS AND RELATED ALLOWANCE FOR LOAN LOSSES [Abstract]
LOANS AND RELATED ALLOWANCE FOR LOAN LOSSES	9 . LOANS AND RELATED ALLOWANCE FOR LOAN LOSSES The following table summarizes the primary segments of the loan portfolio as of September 30 , 201 5 and June 30, 201 5 . September 30, 2015 June 30, 2015 Total Loans Individually evaluated for impairment Collectively evaluated for impairment Total Loans Individually evaluated for impairment Collectively evaluated for impairment (Dollars in Thousands) First mortgage loans: 1 – 4 family dwellings $ 33,733 $ - $ 33,733 $ 28,620 $ - $ 28,620 Construction 4,935 - 4,935 3,032 - 3,032 Land acquisition & development 763 - 763 653 - 653 Multi-family dwellings 5,992 - 5,992 6,084 - 6,084 Commercial 3,110 - 3,110 3,395 49 3,346 Consumer Loans Home equity 811 - 811 1,175 - 1,175 Home equity lines of credit 1,967 - 1,967 1,917 - 1,917 Other 170 - 170 211 - 211 Commercial Loans 1,206 - 1,206 1,251 - 1,251 Obligations (other than securities and leases) of states and political subdivisons - - - - - - $ 52,687 $ - $ 52,687 $ 46,338 $ 49 $ 46,289 Plus: Deferred loan costs 179 129 Allowance for loan losses (323 ) (304 ) Total $ 52,543 $ 46,163 Impaired loans are loans for which it is probable the Company will not be able to collect all amounts due according to the contractual terms of the loan agreement. The following loan categories are collectively evaluated for impairment. First mortgage loans: 1 – 4 family dwellings and all consumer loan categories (home equity, home equity lines of credit, and other). The following loan categories are individually evaluated for impairment. First mortgage loans: construction, land acquisition and development, multi-family dwellings, and commercial. The Company evaluates commercial loans not secured by real property individually for impairment. The definition of “impaired loans” is not the same as the definition of “nonaccrual loans,” although the two categories overlap. The Company may choose to place a loan on nonaccrual status due to payment delinquency or uncertain collectability, while not classifying the loan as impaired if the loan is not a commercial or commercial real estate loan. Factors considered by management in determining impairment include payment status and collateral value. The amount of impairment for these types of impaired loans is determined by the difference between the present value of the expected cash flows related to the loan, using the original interest rate, and its recorded value, or as a practical expedient in the case of collateralized loans, the difference between the fair value of the collateral and the recorded amount of the loans. When foreclosure is probable, impairment is measured based on the fair value of the collateral. Loans that experience insignificant payment delays, which are defined as 90 days or less, generally are not classified as impaired. Management determines the significance of payment delays on a case-by-case basis taking into consideration all circumstances surrounding the loan and the borrower, including the length of the delay, the borrower's prior payment record, and the amount of shortfall in relation to the principal and interest owed. The following table s are a summary of the loans considered to be impaired as of September 30 , 201 5 and June 30, 201 5 , and the related interest income recognized for the t hree m onths ended September 3 0 , 201 5 and September 3 0 , 201 4 : September 30, June 30, 2015 2015 (Dollars in Thousands) Impaired loans with an allocated allowance: Home equity lines of credit $ - $ - Impaired loans without an allocated allowance: Commercial real estate loans - 49 Total impaired loans $ - $ 49 Allocated allowance on impaired loans: Home equity lines of credit $ - $ - Total $ - $ - Three Months Ended September 30, September 30, 2015 2014 (Dollars in Thousands) Average impaired loans Construction loans $ - $ - Land acquisition & development loans - - Commercial real estate loans 48 49 Home equity lines of credit - 150 Total $ 48 $ 199 Income recognized on impaired loans Construction loans $ - $ - Land acquisition & development loans - - Commercial real estate loans 1 - Home equity lines of credit - 1 Total $ 1 $ 1 Total nonaccrual loans as of September 30 , 201 5 and June 30, 201 5 and the related interest income recognized for the t hre e months ended September 30 , 201 5 and September 3 0 , 201 4 are as follows: September 30, June 30, 2015 2015 (Dollars in Thousands) Principal outstanding 1 – 4 family dwellings $ 259 $ 260 Construction - - Land acquisition & development - - Commercial real estate - 49 Home equity lines of credit - - Total $ 259 $ 309 Three Months Ended September 30, September 30, 2015 2014 (Dollars in Thousands) Average nonaccrual loans 1 – 4 family dwellings $ 260 $ 366 Construction - - Land acquisition & development - - Commercial real estate 48 49 Home equity lines of credit - 150 Total $ 308 $ 565 Income that would have been recognized $ 5 $ 8 Interest income recognized $ 6 $ 9 Interest income foregone $ - $ 3 The Company's loan portfolio also includes troubled debt restructurings (TDRs), where economic concessions have been granted to borrowers who have experienced or are expected to experience financial difficulties. These concessions typically result from the Company's loss mitigation activities and could include reductions in the interest rate, payment extensions, forgiveness of principal, forbearance or other actions. Certain TDRs are classified as nonperforming at the time of restructure and may only be returned to performing status after considering the borrower's sustained repayment performance for a reasonable period, generally six months. During the three months ended September 30, 2015, there were no trouble debt restructurings, and no trouble debt restructurings that subsequently defaulted. One previously modified TDR, secured by commercial real estate, was paid off in full during the three months ended September 30, 2015. The following table include s the recorded investment and number of modifications for modified loans, as of September 30 , 201 4 . The Company reports the recorded investment in the loans prior to a modification and also the recorded investment in the loans after the loans were restructured. For the Three Months Ended September 30, 2014 Number of Contracts Pre-Modification Outstanding Recorded Investment Post-Modification Outstanding Recorded Investment (Dollars in Thousands) Troubled debt restructurings: Commercial real estate 1 $ 49 $ 49 Troubled debt restructurings that subsequently defaulted: - $ - $ - When the Company modifies a loan, management evaluates any possible impairment based on the present value of expected future cash flows, discounted at the contractual interest rate of the original loan agreement, except when the sole (remaining) source of repayment for the loan is the operation or liquidation of the collateral. In these cases, management uses the current fair value of the collateral, less selling costs, instead of discounted cash flows. If management determines that the value of the modified loan is less than the recorded investment in the loan (net of previous charge-offs, deferred loan fees or costs and unamortized premium or discount), impairment is recognized by segment or class of loan, as applicable, through an allowance estimate or a charge-off to the allowance. Segment and class status is determined by the loan's classification at origination. The allowance for loan losses is established through provisions for loan losses charged against income. Loans deemed to be uncollectible are charged against the allowance account. Subsequent recoveries, if any, are credited to the allowance. The allowance is maintained at a level believed adequate by management to absorb estimated potential loan losses. Management's determination of the adequacy of the allowance is based on periodic evaluations of the loan portfolio considering past experience, current economic conditions, composition of the loan portfolio and other relevant factors. This evaluation is inherently subjective, as it requires material estimates that may be susceptible to significant change. Effective December 13, 2006, the FDIC, in conjunction with the other federal banking agencies adopted a Revised Interagency Policy Statement on the Allowance for Loan and Lease Losses (“ALLL”). Th e revised policy statement revised and replaced the banking agencies' 1993 policy statement on the ALLL. The revised policy statement provides that an institution must main tain an ALLL at a level that is appropriate to cover estimated credit losses on individually evaluated loans determined to be impaired, as well as estimated credit losses inherent in the remainder of the loan and lease portfolio. The banking agencies also revised the policy to ensure consistency with generally accepted accounting principles (“GAAP”). The revised policy statement updates the previous guidance that describes the responsibilities of the board of directors, management, and bank examiners regarding the ALLL, factors to be considered in the estimation of the ALLL, and the objectives and elements of an effective loan review system. Federal regulations require that each insured savings institution classify its assets on a regular basis. In addition, in connection with examinations of insured institutions, federal examiners have authority to identify problem assets and, if appropriate, classify them. There are three classifications for problem assets: "substandard", "doubtful" and "loss". Substandard assets have one or more defined weaknesses and are characterized by the distinct possibility that the insured institution will sustain some loss if the deficiencies are not corrected. Doubtful assets have the weaknesses of those classified as substandard with the added characteristic that the weaknesses make collection or liquidation in full on the basis of currently existing facts, conditions and values questionable, and there is a high possibility of loss. An asset classified as loss is considered uncollectible and of such little value that continuance as an asset of the institution is not warranted. Another category designated "asset watch" is also utilized by the Bank for assets which do not currently expose an insured institution to a sufficient degree of risk to warrant classification as substandard, doubtful or loss. Assets classified as substandard or doubtful require the institution to establish general allowances for loan losses. If an asset or portion thereof is classified as loss, the insured institution must either establish specific allowances for loan losses in the amount of 100% of the portion of the asset classified loss, or charge-off such amount. General loss allowances established to cover possible losses related to assets classified substandard or doubtful may be included in determining an institution's regulatory capital, while specific valuation allowances for loan losses do not qualify as regulatory capital. The Company's general policy is to internally classify its assets on a regular basis and establish prudent general valuation allowances that are adequate to absorb losses that have not been identified but that are inherent in the loan portfolio. The Company maintains general valuation allowances that it believes are adequate to absorb losses in its loan portfolio that are not clearly attributable to specific loans. The Company's general valuation allowances are within the following general ranges: (1) 0% to 5% of assets subject to special mention; (2) 1 .00% to 100% of assets classified substandard; and (3) 50% to 100% of assets classified doubtful. Any loan classified as loss is charged-off. To further monitor and assess the risk characteristics of the loan portfolio, loan delinquencies are reviewed to consider any developing problem loans. Based upon the procedures in place, considering the Company's past charge-offs and recoveries and assessing the current risk elements in the portfolio, management believes the allowance for loan losses at September 30 , 20 1 5 , is adequate. The following tables present the classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans as of September 3 0 , 201 5 and June 30, 201 5 : Current 30 – 59 Days Past Due 60 – 89 Days Past Due 90 Days + Past Due Accruing 90 Days + Past Due Non-accrual Total Past Due Total Loans (Dollars in Thousands) September 30, 2015 First mortgage loans: 1 – 4 family dwellings $ 33,406 $ 68 $ - $ - $ 259 $ 327 $ 33,733 Construction 4,935 - - - - - 4,935 Land acquisition & development 763 - - - - - 763 Multi-family dwellings 5,992 - - - - - 5,992 Commercial 3,110 - - - - - ﷐ 3,110 Consumer Loans: Home equity 811 - - - - - 811 Home equity lines of credit 1,967 - - - - - 1,967 Other 170 - - - - - 170 Commercial Loans 1,206 - - - - - 1,206 Obligations (other than securities and leases) of states and political subdivisions - - - - - - - $ 52,360 $ 68 $ - $ - $ 259 $ 327 52,687 Plus: Deferred loan fees 179 Allowance for loan losses (323 ) Net Loans Receivable $ 52,543 Current 30 – 59 Days Past Due 60 – 89 Days Past Due 90 Days + Past Due Accruing 90 Days + Past Due Non-accrual Total Past Due Total Loans (Dollars in Thousands) June 30, 2015 First mortgage loans: 1 – 4 family dwellings $ 28,327 $ - $ 33 $ - $ 260 $ 293 $ 28,620 Construction 3,032 - - - - - 3,032 Land acquisition & development 653 - - - - - 653 Multi-family dwellings 6,084 - - - - - 6,084 Commercial 3,335 11 - - 49 60 3,395 Consumer Loans Home equity 1,175 - - - - - 1,175 Home equity lines of credit 1,917 - - - - - 1,917 Other 211 - - - - - 211 Commercial Loans 1,251 - - - - - 1,251 Obligations (other than securities and leases) of states and political subdivisions - - - - - - - $ 45,985 $ 11 $ 33 $ - $ 309 $ 353 46,338 Plus: Deferred loan fees 129 Allowance for loan losses (304 ) Net Loans Receivable $ 46,163 Credit quality information The following table s represent credit exposure by internally assigned grades for the period ended September 30 , 201 5 . The grading system analysis estimates the capability of the borrower to repay the contractual obligations of the loan agreements as scheduled or not at all. The Company's internal credit risk grading system is based on experiences with similarly graded loans. The Company's internally assigned grades are as follows: Pass – loans which are protected by the current net worth and paying capacity of the obligor or by the value of the underlying collateral. Special Mention – loans where a potential weakness or risk exists, which could cause a more serious problem if not corrected. Substandard – loans that have a well-defined weakness based on objective evidence and can be characterized by the distinct possibility that the Company will sustain some loss if the deficiencies are not corrected. Doubtful – loans classified as doubtful have all the weaknesses inherent in a substandard loan. In addition, these weaknesses make collection or liquidation in full highly questionable and improbable, based on existing circumstances. Loss – loans classified as loss are considered uncollectible, or of such value that continuance as a loan is not warranted. The primary credit quality indicator used by management in the 1 – 4 family and consumer loan portfolios is the performance status of the loans. Payment activity is reviewed by Management on a monthly basis to determine how loans are performing. Loans are considered to be non-performing when they become 90 days delinquent, have a history of delinquency, or have other inherent characteristics which Management deems to be weaknesses. The following tables presents the Company's internally classified construction, land acquisition and development, multi-family residential, commercial real estate and commercial (not secured by real estate) loans at September 30, 201 5 and June 30, 201 5 . September 30, 2015 Construction Land Acquisition & Development Loans Multi-family Residential Commercial Real Estate Commercial Obligations (other than securities and leases) of States and Political Subdivisions (Dollars in Thousands) Pass $ 4,935 $ 559 $ 5,992 $ 3,110 $ 1,206 $ - Special Mention - - - - - - Substandard - 204 - - - - Doubtful - - - - - - Ending Balance $ 4,935 $ 763 $ 5,992 $ 3,110 $ 1,206 $ - June 30, 2015 Construction Land Acquisition & Development Loans Multi-family Residential Commercial Real Estate Commercial Obligations (other than securities and leases) of States and Political Subdivisions (Dollars in Thousands) Pass $ 3,032 $ 445 $ 6,084 $ 3,346 $ 1,251 $ - Special Mention - - - - - - Substandard - 208 - 49 - - Doubtful - - - - - - Ending Balance $ 3,032 $ 653 $ 6,084 $ 3,395 $ 1,251 $ - The following table presents performing and non-performing 1 – 4 family residential and consumer loans based on payment activity for the periods ended September 30 , 201 5 and June 30, 201 5 . September 30, 2015 1 – 4 Family Consumer (Dollars in Thousands) Performing $ 33,474 $ 2,948 Non-performing 259 - Total $ 33,733 $ 2,948 June 30, 2015 1 – 4 Family Consumer (Dollars in Thousands) Performing $ 28,360 $ 3,303 Non-performing 260 - Total $ 28,620 $ 3,303 The Company determines its allowance for loan losses in accordance with generally accepted accounting principles. The Company uses a systematic methodology as required by Financial Reporting Release No. 28 and the various Federal Financial Institutions Examination Council guidelines. The Company also endeavors to adhere to SEC Staff Accounting Bulletin No. 102 in connection with loan loss allowance methodology and documentation issues. Our methodology used to determine the allocated portion of the allowance is as follows. For groups of homogenous loans, we apply a loss rate to the groups' aggregate balance. Our group loss rate reflects our historical loss experience. We may adjust these group rates to compensate for changes in environmental factors; but our adjustments have not been frequent due to a relatively stable charge-off experience. The Company also monitors industry loss experience on similar loan portfolio segments. We then identify loans for individual evaluation under ASC Topic 310. If the individually identified loans are performing, we apply a segment specific loss rate adjusted for relevant environmental factors, if necessary, for those loans reviewed individually and considered individually impaired, we use one of the three methods for measuring impairment mandated by ASC Topic 310. Generally the fair value of collateral is used since our impaired loans are generally real estate based. In connection with the fair value of collateral measurement, the Company generally uses an independent appraisal and determines costs to sell. The Company's appraisals for commercial income based loans, such as multi-family and commercial real estate loans, assess value based upon the operating cash flows of the business as opposed to merely “as built” values. The Company then validates the reasonableness of our calculated allowances by: (1) reviewing trends in loan volume, delinquencies, restructurings and concentrations; (2) reviewing prior period (historical) charge-offs and recoveries; and ( 3 ing the results of this process, quarterly, to the Asset Classification Committee and the Savings Bank's Board of Directors. We then tabulate, format and summarize the current loan loss allowance balance for financial and regulatory reporting purposes. The Company had no unallocated loss allowance balance at September 30 , 201 5 . The allowance for loan losses represents the amount which management estimates is adequate to provide for probable losses inherent in its loan portfolio. The allowance method is used in providing for loan losses. Accordingly, all loan losses are charged to the allowance, and all recoveries are credited to it. The allowance for loan losses is established through a provision for loan losses charged to operations. The provision for loan losses is based on management's periodic evaluation of individual loans, economic factors, past loan loss experience, changes in the composition and volume of the portfolio, and other relevant factors. The estimates used in determining the adequacy of the allowance for loan losses, including the amounts and timing of future cash flows expected on impaired loans, are particularly susceptible to changes in the near term. The following table s summarize the primary segments of the allowance for loan losses (“ALLL”) , segregated into the amount required for loans individually evaluated for impairment and the amount required for loans collectively evaluated for impairment as of September 30, 20 15 and 201 4 . Activity in the allowance is presented for the three months ended September 30, 201 5 and 2014 . As of September 30, 2015 First Mortgage Loans 1 – 4 Family Construction Land Acquisition & Development Multi-family Commercial Consumer Loans Commercial Loans Total (Dollars in Thousands) Beginning ALLL Balance at June 30,2015 $ 125 $ 63 $ 9 $ 30 $ 34 $ 37 $ 6 $ 304 Charge-offs - - - - - - - - Recoveries - - - - - - - - Provisions 18 9 - - (3 ) (5 ) - 19 Ending ALLL Balance at September 30, 2015 $ 143 $ 72 $ 9 $ 30 $ 31 $ 32 $ 6 $ 323 Individually evaluated for impairment $ - $ - $ - $ - $ - $ - $ - $ - Collectively evaluated for impairment 143 72 9 30 31 32 6 323 $ 143 $ 72 $ 9 $ 30 $ 31 $ 32 $ 6 $ 323 As of September 30, 2014 First Mortgage Loans 1 – 4 Family Construction Land Acquisition & Development Multi-family Commercial Consumer Loans Commercial Loans Total (Dollars in Thousands) Beginning ALLL Balance at June 30,2014 $ 103 $ 14 $ 5 $ 12 $ 45 $ 47 $ 8 $ 234 Charge-offs - - - - - - - - Recoveries - - - - - - - - Provisions (28 ) 7 5 (1 ) (2 ) 22 - 3 Ending ALLL Balance at September 30, 2014 $ 75 $ 21 $ 10 $ 11 $ 43 $ 69 $ 8 $ 237 Individually evaluated for impairment $ - $ - $ - $ - $ - $ 37 $ - $ 37 Collectively evaluated for impairment 75 21 10 11 43 32 8 200 $ 75 $ 21 $ 10 $ 11 $ 43 $ 69 $ 8 $ 237 During the three months ended September 3 0 , 2015, the ALL L associated with the 1 – 4 family and construction loan portfolios increased by $ 18 $ 9 thousand , respectively . The primary reason for the increase s in the AL L L associated with th ese segment s w ere the increases in associated loan balances. The AL L L for consumer loans and commercial real estate loans decreased $ 5 3 The decrease in the ALLL associated with consumer loans was primarily due to lower loan balances within this segment , while the decrease in the ALLL associated with commercial real estate loans was primarily due to the payoff of one non-performing loan in this segment . The decrease in the AL L L associated with the commercial (non-real estate) loan segment was primarily related to the lower loan balances within th i s segment. During the fiscal year ended June 3 0 , 2015, the Company also increased its A L LL reserve factors, due to increases in associated loan balances and qualitative factors throughout fiscal 2015, for the following loan segments: Loan Segment 09/30/2015 Factor 09/30/2014 Factor 1 – 4 family 0.35 % 0.25 % Construction: 1 – 4 family 0.75 % 0.25 % 5+ family 1.00 % 0.50 % During the three months ended September 30, 2014, the ALLL associated with 1-4 family permanent loans decreased $ 28 22

FEDERAL HOME LOAN BANK (FHLB) A

FEDERAL HOME LOAN BANK (FHLB) ADVANCES	3 Months Ended
	Sep. 30, 2015
FEDERAL HOME LOAN BANK (FHLB) ADVANCES [Abstract]
FEDERAL HOME LOAN BANK (FHLB) ADVANCES	10 . FEDERAL HOME LOAN BANK (FHLB) ADVANCES The following table presents contractual maturities of FHLB long-term advances as of September 30, 2015 and June 30, 2015 Weighted- Stated interest Maturity range average rate range September 30, June 30, Description from to interest rate (5) from to 2015 2015 (Dollars in Thousands) Convertible 06/22/16 07/27/17 4.44 4.26 5.16 $ 12,500 $ 12,500 Adjustable 05/06/16 09/01/17 0.32 0.30 0.39 105,305 105,305 Total $ 117,805 $ 117,805 [5] As of September 30, 2015. Maturities of FHLB long-term advances at September 30, 201 5 , are summarized as follows: Weighted- Maturing During Average Fiscal Year Ended Interest June 30: Amount Rate (Dollars in Thousands) 2016 $ 101,696 0.43 % 2017 - - 2018 16,109 2.78 2019 - - 2020 and thereafter - - Total $ 117,805 0.76 The terms of the convertible advances reset to the three-month London Interbank Offered Rate (“LIBOR”) and have various spreads and call dates of three months. The FHLB has the right to convert from a fixed rate to a predetermined floating rate on its conversion date or quarterly thereafter. Should the advance be converted, the Company has the right to pay off the advance without penalty. The adjustable rate advances adjust either monthly or quarterly, based on the one-month or three-month LIBOR index, and have various spreads to the LIBOR index. The spreads to the applicable LIBOR index range from 0.05 0.1 6 %. The adjustable rate advances are not convertible or callable. The FHLB advances are secured by the Company's FHLB stock, mortgage-backed and investment securities , and loans, and are subject to substantial prepayment penalties. The Company also utilized revolving and short-term FHLB advances. Short-term FHLB advances generally mature within 90 days, while revolving FHLB advances may be repaid by the Company without penalty. The following table presents information regarding such advances as of September 30 , 2015 and June 30 , 2015 : September 30, June 30, 2015 2015 (Dollars in Thousands) Ending balance $ 38,392 $ 37,830 Average balance 31,675 23,496 Maximum month-end balance 38,392 37,830 Average interest rate 0.35 % 0.31 % Weighted-average rate 0.35 % 0.32 % At September 30, 201 5 , the Company had remaining borrowing capacity with the FHLB of approximately $ 22 .6 million. The FHLB advances are secured by the Company's FHLB stock, loans, and mortgage-backed and investment securities held in safekeeping at the FHLB. FHLB advances are subject to substantial prepayment penalties.

OTHER BORROWINGS

OTHER BORROWINGS	3 Months Ended
	Sep. 30, 2015
OTHER BORROWINGS [Abstract]
OTHER BORROWINGS	1 1 . OTHER BORROWINGS Other borrowings include securities sold under agreements to repurchase with securities brokers (“repurchase agreements”). These borrowings generally mature within 1 to 90 days from the transaction date and require a collateral pledge. Securities sold under agreements to repurchase are stated at the amount of cash received in connection with the transaction. We monitor collateral levels on a continuous basis. We may be required to provide additional collateral based on the fair value of the underlying securities. Securities pledged as collateral under repurchase agreements are maintained with our safekeeping agents. The following table presents information regarding other borrowings as of September 30, 2015 and June 30, 2015 : September 30, June 30, 2015 2015 (Dollars in Thousands) Other short-term borrowings: Ending balance $ 7,950 $ - Average balance 6,317 1,378 Maximum month-end balance 9,700 9,464 Average interest rate 0.38 % 0.36 % Weighted-average rate 0.41 % - % The remaining contractual maturity of repurchase agreements in the consolidated balance sheet as of September 30, 2015 is presented in the following table. Remaining Contractual Maturity of the Repurchase Agreements Overnight and Continuous Up to 30 Days 30 – 90 Days Greater than 90 Days Total September 30, 2015 Repurchase agreements: $ - $ 7,950 $ - $ - $ 7,950 Total borrowings $ - $ 7,950 $ - $ - $ 7,950 Gross amount of recognized liabilities for repurchase agreements $ 7,950 Amounts related to agreements not included in offsetting disclosures above $ -

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	3 Months Ended
	Sep. 30, 2015
FAIR VALUE MEASUREMENTS [Abstract]
FAIR VALUE MEASUREMENTS	1 2 . FAIR VALUE MEASUREMENTS Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in the principal or most advantageous market for an asset or liability in an orderly transaction between market participants at the measurement date. GAAP established a fair value hierarchy that prioritizes the use of inputs used in valuation methodologies into the following three levels Level I: Quoted prices are available in active markets for identical assets or liabilities as of the reported date. Level II: Pricing inputs are other than the quoted prices in active markets, which are either directly or indirectly observable as of the reported date. The nature of these assets and liabilities includes items for which quoted prices are available but traded less frequently and items that are fair-valued using other financial instruments, the parameters of which can be directly observed. Level III: Assets and liabilities that have little to no pricing observability as of the reported date. These items do not have two-way markets and are measured using management's best estimate of fair value, where the inputs into the determination of fair value require significant management judgment or estimation. Assets Measured at Fair Value on a Recurring Basis Investment Securities Available-for-Sale Fair values for securities available for sale are determined by obtaining quoted prices on nationally recognized securities exchanges or matrix pricing, which is a mathematical technique widely used in the industry to value debt securities without relying exclusively on quoted prices for the specific securities, but rather by relying on the securities' relationship to other benchmark quoted securities. The Company has no Level I or Level III investment securities. Level II investment securities were primarily comprised of investment-grade corporate bonds and U.S. dollar-denominated investment-grade corporate bonds of large foreign issuers. The following tables present the assets reported on a recurring basis on the Consolidated Balance Sheet at their fair value as of September 30, 2015 and June 30, 2015, by level within the fair value hierarchy. As required by GAAP, financial assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement. September 30, 2015 Level I Level II Level III Total (Dollars in Thousands) Assets measured on a recurring basis: Investment securities – available for sale: Obligations of states and political subdivisions $ - $ 702 $ - $ 702 Corporate securities - 83,750 - 83,750 Foreign debt securities (6) - 4,747 - 4,747 $ - $ 89,199 $ - $ 89,199 June 30, 2015 Level I Level II Level III Total (Dollars in Thousands) Assets measured on a recurring basis: Investment securities – available for sale: Obligations of states and political subdivisions $ - $ 697 $ - $ 697 Corporate securities - 60,938 - 60,938 Foreign debt securities (7) - 5,281 - 5,281 $ - $ 66,916 $ - $ 66,916 [6] U.S. dollar-denominated investment-grade corporate bonds of large foreign corporate issuers. [7] U.S. dollar-denominated investment-grade corporate bonds of large foreign corporate issuers. Assets Measured at Fair Value on a Nonrecurring Basis The Company may be required, from time to time, to measure certain financial assets and financial liabilities at fair value on a nonrecurring basis in accordance with U.S. generally accepted accounting principles. These include assets that are measured at the lower of cost or market value that were recognized at fair value below cost at the end of the period. Impaired Loans Loans for which it is probable that payment of interest and principal will not be made in accordance with the contractual terms of the loan agreement are considered impaired. Once a loan is identified as individually impaired, management measures impairment in accordance with ASC Topic 310. The fair value of impaired loans is estimated using one of several methods, including collateral value, liquidation value and discounted cash flows. Those impaired loans not requiring an allowance represent loans for which the fair value of the expected repayments or collateral exceed the recorded investments in such loans. Collateral values are estimated using Level II inputs based on observable market data or Level III inputs based on customized discounting criteria. For a majority of impaired real estate related loans, the Company obtains a current external appraisal. Other valuation techniques are used as well, including internal valuations, comparable property analysis and contractual sales information. The Company has no Level I, Level II or Level III impaired loans at September 30, 2015. At June 30, 2015, Level III impaired loans were primarily comprised of one commercial real estate loan. The following tables present the assets reported on a non-recurring basis on the consolidated balance sheet at their fair values as of September 30, 2015 and June 30, 2015, by level within the fair value hierarchy. As required by GAAP, financial assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement. September 30, 2015 Level I Level II Level III Total (Dollars in Thousands) Assets measured on a non-recurring basis: Impaired loans $ - $ - $ - - Total $ - $ - $ - $ - September 30, 2015 Level I Level II Level III Total (Dollars in Thousands) Assets measured on a non-recurring basis: Impaired loans $ - $ - $ 49 $ 49 Total $ - $ - $ 49 $ 49 For Level III assets measured at fair value on a recurring and non-recurring basis as of September 30, 2015 and June 30, 2015, the significant observable inputs used in the fair value measurements were as follows: Fair Value at September 30, 2015 June 30, 2015 Valuation Technique Significant Unobservable Inputs Significant Unobservable Input Range (Weighted Average) (Dollars in Thousands) Impaired loans $ - $ 49 Appraisal of collateral[8] Discounted appraisal[9] 0 0 8 Fair value is generally determined through independent appraisals of the underlying collateral, which generally 9 Appraisals may be adjusted by management for qualitative factors such as economic conditions. The range and weighted average of appraisal adjustments are presented as a percentage of the appraisals. When evaluating the value of the collateral on impaired loans, the Company will consider the age of the most current appraisal, and may discount the appraised value from 1.0 15.0 The Company classifies financial instruments in Level III of the fair value hierarchy when there is reliance on at least one significant unobservable input to the valuation model. In addition to these unobservable inputs, the valuation model for Level III financial instruments typically also rely on a number of inputs that are readily observable, either directly or indirectly.

FAIR VALUE OF FINANCIAL INSTRUM

FAIR VALUE OF FINANCIAL INSTRUMENTS	3 Months Ended
	Sep. 30, 2015
FAIR VALUE OF FINANCIAL INSTRUMENTS [Abstract]
FAIR VALUE OF FINANCIAL INSTRUMENTS	1 3 . FAIR VALUE OF FINANCIAL INSTRUMENTS The carrying amounts and estimated fair values are as follows: September 30, 2015 Carrying Fair Amount Value Level I Level II Level III (Dollars in Thousands) FINANCIAL ASSETS Cash and cash equivalents $ 1,969 $ 1,969 $ 1,969 $ - $ - Certificates of deposit 350 350 350 - - Investment securities – available for sale 89,199 89,199 - 89,199 - Investment securities – held to maturity 25,123 25,592 - 25,592 - Mortgage-backed securities – held to maturity: Agency 149,553 150,066 - 150,066 - Private-label 1,875 2,215 - - 2,215 Net loans receivable 52,543 53,616 - - 53,616 Accrued interest receivable 1,387 1,387 1,387 - - FHLB stock 6,482 6,482 6,482 - - Bank owned life insurance 4,310 4,310 4,310 - - FINANCIAL LIABILITIES Deposits: Non-interest bearing deposits $ 16,512 $ 16,512 $ 16,512 $ - $ - NOW accounts 20,205 20,205 20,205 - - Savings accounts 44,686 44,686 44,686 - - Money market accounts 24,183 24,183 24,183 - - Certificates of deposit 30,059 30,030 - - 30,030 Advance payments by borrowers for taxes and insurance 853 853 853 - - FHLB long-term advances – fixed rate 12,500 13,051 - - 13,051 FHLB long-term advances – variable rate 105,305 105,305 105,305 - - FHLB short-term advances 38,392 38,392 38,392 - - Other short-term borrowings 7,950 7,950 7,950 - - Accrued interest payable 164 164 164 - - June 30, 2015 Carrying Fair Amount Value Level I Level II Level III (Dollars in Thousands) FINANCIAL ASSETS Cash and cash equivalents $ 3,573 $ 3,573 $ 3,573 $ - $ - Certificates of deposit 350 350 350 - - Investment securities – available for sale 66,916 66,916 - 66,916 - Investment securities – held to maturity 36,618 36,979 - 36,979 - Mortgage-backed securities – held to maturity: Agency 160,614 160,835 - 160,835 - Private-label 2,025 2,430 - - 2,430 Net loans receivable 46,163 46,897 - - 46,897 Accrued interest receivable 1,198 1,198 1,198 - - FHLB stock 6,619 6,619 6,619 - - Bank owned life insurance 4,276 4,276 4,276 - - FINANCIAL LIABILITIES Deposits: Non-interest bearing deposits $ 17,806 $ 17,806 $ 17,806 $ - $ - NOW accounts 20,238 20,238 20,238 - - Savings accounts 45,092 45,092 45,092 - - Money market accounts 23,601 23,601 23,601 - - Certificates of deposit 31,326 31,267 - - 31,267 Advance payments by borrowers for taxes and insurance 865 865 865 - - FHLB long-term advances – fixed rate 12,500 13,174 - - 13,174 FHLB long-term advances- variable rate 105,305 105,305 105,305 - - FHLB short-term advances 37,830 37,830 37,830 - - Other short-term borrowings - - - - - Accrued interest payable 156 156 156 - - Financial instruments are defined as cash, evidence of an ownership interest in an entity, or a contract which creates an obligation or right to receive or deliver cash or another financial instrument from or to a second entity on potentially favorable or unfavorable terms. Fair value is defined as the amount at which a financial instrument could be exchanged in a current transaction between willing parties, other than in a forced or liquidation sale. If a quoted market price is available for a financial instrument, the estimated fair value would be calculated based upon the market price per trading unit of the instrument. If no readily available market exists, the fair value estimates for financial instruments should be based upon management's judgment regarding current economic conditions, interest rate risk, expected cash flows, future estimated losses, and other factors, as determined through various option pricing formulas or simulation modeling. As many of these assumptions result from judgments made by management based upon estimates, which are inherently uncertain, the resulting estimated values may not be indicative of the amount realizable in the sale of a particular financial instrument. In addition, changes in the assumptions on which the estimated values are based may have a significant impact on the resulting estimated values. As certain assets and liabilities, such as deferred tax assets, premises and equipment, and many other operational elements of the Company , are not considered financial instruments, but have value, this estimated fair value of financial instruments would not represent the full market value of the Company . Estimated fair values have been determined by the Company using the best available data, as generally provided in internal Savings Bank regulatory, or third party valuation reports, using an estimation methodology suitable for each category of financial instruments. The estimation methodologies used are as follows: Cash and Cash Equivalents, Certificates of Deposit, Accrued Interest Receivable and Payable, FHLB Short-term Advances, and Other Short-term Borrowings The fair value approximates the current carrying value. Investment Securities, Mortgage-Backed Securities, and FHLB Stock The fair value of investment and mortgage-backed securities is equal to the available quoted market price. If no quoted market price is available, fair value is estimated using the quoted market price for similar securities. For discussion of valuation of private-label CMOs, see Note 8 “Unrealized Losses on Securities”. Since the FHLB stock is not actively traded on a secondary market and held exclusively by member financial institutions, the estimated fair market value approximates the carrying amount. Net Loans Receivable , Deposits , and Advance Payments by Borrowers for Taxes and Insurance Fair value for consumer mortgage loans is estimated using market quotes or discounting contractual cash flows for prepayment estimates. Discount rates were obtained from secondary market sources, adjusted to reflect differences in servicing, credit, and other characteristics. The estimated fair values for consumer, fixed-rate commercial, and multi-family real estate loans are estimated by discounting contractual cash flows for prepayment estimates. Discount rates are based upon rates generally charged for such loans with similar credit characteristics. The estimated fair value for nonperforming loans is the appraised value of the underlying collateral adjusted for estimated credit risk. Demand, savings, money market deposit accounts , and advance payments by borrowers for taxes and insurance are reported at book value. The fair value of certificates of deposit is based upon the discounted value of the contractual cash flows. The discount rate is estimated using average market rates for deposits with similar average terms . Bank Owned Life Insurance (“BOLI”) The fair value of BOLI approximates the cash surrender value of the policies at these dates. FHLB Long-term Advances The fair values of fixed-rate advances are estimated using discounted cash flows, based on current incremental borrowing rates for similar types of borrowing arrangements. The carrying amount on variable rate advances approximates their fair value. Commitments to Extend Credit These financial instruments are generally not subject to sale, and estimated fair values are not readily available. The carrying value, represented by the net deferred fee arising from the unrecognized commitment, and the fair value, determined by discounting the remaining contractual fee over the term of the commitment using fees currently charged to enter into similar agreements with similar credit risk, is not considered material for disclosure.

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	3 Months Ended
	Sep. 30, 2015
EARNINGS PER SHARE [Abstract]
Schedule of Basic and Diluted Earnings Per Share	Three Months Ended September 30, 2015 2014 Weighted average common shares issued 3,805,636 3,805,636 Average treasury stock shares (1,766,351 ) (1,754,526 ) Average unallocated ESOP shares (130,023 ) (91,729 ) Weighted average common shares and common stock equivalents used to calculate basic earnings per share 1,909,262 1,959,381 Additional common stock equivalents (stock options) used to calculate diluted earnings per share - - Weighted average common shares and common stock equivalents used to calculate diluted earnings per share 1,909,262 1,959,381

INVESTMENT SECURITIES (Tables)

INVESTMENT SECURITIES (Tables)	3 Months Ended
	Sep. 30, 2015
INVESTMENT SECURITIES [Abstract]
Schedule of Amortized Cost and Fair Values of Investments	Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value (Dollars in Thousands) September 30, 2015 AVAILABLE FOR SALE Corporate debt securities $ 83,791 $ 61 $ (102 ) $ 83,750 Foreign debt securities [1] 4,745 3 (1 ) 4,747 Obligations of states and political subdivisions 702 - - 702 Total $ 89,238 $ 64 $ (103 ) $ 89,199 [1] U.S. dollar denominated investment-grade corporate bonds of large foreign issuers. Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value (Dollars in Thousands) September 30, 2015 HELD TO MATURITY U.S. government agency securities $ 16,219 $ 38 $ (1 ) $ 16,256 Corporate debt securities 3,549 306 - 3,855 Obligations of states and political subdivisions 5,355 126 - 5,481 Total $ 25,123 $ 470 $ (1 ) $ 25,592 Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value (Dollars in Thousands) June 30, 2015 AVAILABLE FOR SALE Corporate debt securities $ 60,968 $ 63 $ (93 ) $ 60,938 Foreign debt securities [2] 5,298 - (17 ) 5,281 Obligations of states and political subdivisions 702 - (5 ) 697 Total $ 66,968 $ 63 $ (115 ) $ 66,916 [2] U.S. dollar denominated investment-grade corporate bonds of large foreign issuers. Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value (Dollars in Thousands) June 30, 2015 HELD TO MATURITY U.S. government agency securities $ 27,395 $ 5 $ (94 ) $ 27,306 Corporate debt securities 3,868 371 - 4,239 Obligations of states and political subdivisions 5,355 79 - 5,434 Total $ 36,618 $ 455 $ (94 ) $ 36,979
Schedule of Investments by Contractual Maturity	Due in Due after Due after Due after Due after one year one through two through three through five through Due after or less two years three years five years ten years ten years Total (Dollars in Thousands) AVAILABLE FOR SALE Amortized cost $ 32,638 $ 55,607 $ - $ 993 $ - $ - $ 89,238 Fair value 32,620 55,595 - 985 - - 89,199 Weighted average yield 1.41 % 1.51 % - % 1.68 % - % - % 1.47 % HELD TO MATURITY Amortized cost $ 524 $ 1,471 $ 1,809 $ 1,605 $ 14,088 $ 5,626 $ 25,123 Fair value 548 1,499 1,734 1,734 14,216 5,640 25,592 Weighted average yield 6.15 % 3.46 % 5.29 % 4.96 % 1.82 % 1.75 % 2.44 %

MORTGAGE-BACKED SECURITIES (Tab

MORTGAGE-BACKED SECURITIES (Tables)	3 Months Ended
	Sep. 30, 2015
MORTGAGE-BACKED SECURITIES [Abstract]
Schedule of Information Relating To Private Label CMO Portfolio	At September 30, 2015 Rating Book Value Fair Value[3] Life to Date Impairment Recorded in Earnings Cusip # Security Description S&P Moody's Fitch (in thousands) 126694CP1 CWHL SER 21 A11 N/A Caa2 D $ 1,002 $ 1,290 $ 201 126694KF4 CWHL SER 24 A15 D N/A D 221 234 39 126694KF4 CWHL SER 24 A15 D N/A D 442 467 79 126694MP0 CWHL SER 26 1A5 D N/A D 210 224 36 $ 1,875 $ 2,215 $ 355 [3] Fair value estimate provided by the Company's independent third party valuation consultant.
Schedule of Amortized Cost and Fair Values of Mortgage-Backed Securities	Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value (Dollars in Thousands) September 30, 2015 HELD TO MATURITY Collateralized mortgage obligations: Agency $ 149,553 $ 1,224 $ (711 ) $ 150,066 Private-label 1,875 340 - 2,215 Total $ 151,428 $ 1,564 $ (711 ) $ 152,281 Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value June 30, 2015 (Dollars in Thousands) HELD TO MATURITY Collateralized mortgage obligations: Agency $ 160,614 $ 1,130 $ (909 ) $ 160,835 Private-label 2,025 405 - 2,430 Total $ 162,639 $ 1,535 $ (909 ) $ 163,265
Schedule of Mortgage-Backed Securities by Contractual Maturity	Due in Due after Due after one year one through five through Due after or less five years ten years ten years Total (Dollars in Thousands) HELD TO MATURITY Amortized cost $ - $ - $ 416 $ 151,012 $ 151,428 Fair value - - 430 151,851 152,281 Weighted average yield - % - % 1.62 % 1.31 % 1.31 %

ACCUMULATED OTHER COMPREHENSI25

ACCUMULATED OTHER COMPREHENSIVE LOSS (Tables)	3 Months Ended
	Sep. 30, 2015
ACCUMULATED OTHER COMPREHENSIVE LOSS
Schedule of Changes in Accumulated Other Comprehensive loss	Three Months Ended September 30, 2015 (Dollars in Thousands – net of tax) Unrealized Gains and Losses on Available-for-Sale Securities Unrealized Gains and Losses on Held-to-Maturity Securities Total Beginning Balance – June 30, 2015 $ (35 ) $ (426 ) $ (461 ) Other comprehensive income (loss) before reclassifications 8 36 44 Amounts reclassified from accumulated other comprehensive income (loss) - - - Net current-period other comprehensive income (loss) 8 36 44 Ending Balance – September 30, 2015 $ (27 ) $ (390 ) $ (417 ) Three Months Ended September 30, 2014 (Dollars in Thousands – net of tax) Unrealized Gains and Losses on Available-for-Sale Securities Unrealized Gains and Losses on Held-to-Maturity Securities Total Beginning Balance – June 30, 2014 $ 130 $ (550 ) $ (420 ) Other comprehensive income (loss) before reclassifications (41 ) 40 (1 ) Amounts reclassified from accumulated other comprehensive income (loss) - - - Net current-period other comprehensive income (loss) (41 ) 40 (1 ) Ending Balance – September 30, 2014 $ 89 $ (510 ) $ (421 )

UNREALIZED LOSSES ON SECURITI26

UNREALIZED LOSSES ON SECURITIES (Tables)	3 Months Ended
	Sep. 30, 2015
UNREALIZED LOSSES ON SECURITIES [Abstract]
Schedule of Gross Unrealized Losses and Fair Value	September 30, 2015 Less Than Six Months Six through Twelve Months Twelve Months or Greater Total Gross Gross Gross Gross Fair Unrealized Fair Unrealized Fair Unrealized Fair Unrealized Value Losses Value Losses Value Losses Value Losses (Dollars in Thousands) Corporate debt securities $ 38,537 $ (73 ) $ 8,115 $ (29 ) $ - $ - $ 46,652 $ (102 ) Foreign Debt Securities (4) 1,574 (1 ) - - - - 1,574 (1 ) U.S. government agency securities 499 (1 ) - - - - 499 (1 ) Obligations of states and political subdivisions 702 - - - - - 702 - Collateralized mortgage obligations: Agency 5,788 (9 ) 27,285 (480 ) 19,768 (222 ) 52,841 (711 ) Total $ 47,100 $ (84 ) $ 35,400 $ (509 ) $ 19,768 $ (222 ) $ 102,268 $ (815 ) June 30, 2015 Less Than Six Months Six through Twelve Months Twelve Months or Greater Total Gross Gross Gross Gross Fair Unrealized Fair Unrealized Fair Unrealized Fair Unrealized Value Losses Value Losses Value Losses Value Losses (Dollars in Thousands) Corporate debt securities $ 28,284 $ (88 ) $ 1,285 $ (5 ) $ - $ - $ 29,569 $ (93 ) Foreign Debt Securities (4) 4,780 (16 ) 501 (1 ) - - 5,281 (17 ) U.S. government agency securities 21,318 (94 ) - - - - 21,318 (94 ) Obligations of states and political subdivisions 697 (5 ) - - - - 697 (5 ) Collateralized mortgage obligations: Agency 22,504 (121 ) 21,243 (663 ) 16,092 (125 ) 59,839 (909 ) Total $ 77,583 $ (324 ) $ 23,029 $ (669 ) $ 16,092 $ (125 ) $ 116,704 $ (1,118 ) [3] Fair value estimate provided by the Company's independent third party valuation consultant. [4] U.S. dollar denominated investment-grade corporate bonds of large foreign corporate issuers.
Schedule of Changes in the Credit Loss	Three Months Ended September 30, 2015 2014 (Dollars in Thousands) Beginning balance $ 248 $ 302 Initial credit impairment - - Subsequent credit impairment - - Reductions for amounts recognized in earnings due to intent or requirement to sell - - Reductions for securities sold - - Reduction for actual realized losses (14 ) (10 ) Reduction for increase in cash flows expected to be collected - - Ending Balance $ 234 $ 292

LOANS AND RELATED ALLOWANCE F27

LOANS AND RELATED ALLOWANCE FOR LOAN LOSSES (Tables)	3 Months Ended
	Sep. 30, 2015
LOANS AND RELATED ALLOWANCE FOR LOAN LOSSES [Abstract]
Schedule of Primary Segments of Loan Portfolio	September 30, 2015 June 30, 2015 Total Loans Individually evaluated for impairment Collectively evaluated for impairment Total Loans Individually evaluated for impairment Collectively evaluated for impairment (Dollars in Thousands) First mortgage loans: 1 – 4 family dwellings $ 33,733 $ - $ 33,733 $ 28,620 $ - $ 28,620 Construction 4,935 - 4,935 3,032 - 3,032 Land acquisition & development 763 - 763 653 - 653 Multi-family dwellings 5,992 - 5,992 6,084 - 6,084 Commercial 3,110 - 3,110 3,395 49 3,346 Consumer Loans Home equity 811 - 811 1,175 - 1,175 Home equity lines of credit 1,967 - 1,967 1,917 - 1,917 Other 170 - 170 211 - 211 Commercial Loans 1,206 - 1,206 1,251 - 1,251 Obligations (other than securities and leases) of states and political subdivisons - - - - - - $ 52,687 $ - $ 52,687 $ 46,338 $ 49 $ 46,289 Plus: Deferred loan costs 179 129 Allowance for loan losses (323 ) (304 ) Total $ 52,543 $ 46,163
Schedule of Impaired Loans	September 30, June 30, 2015 2015 (Dollars in Thousands) Impaired loans with an allocated allowance: Home equity lines of credit $ - $ - Impaired loans without an allocated allowance: Commercial real estate loans - 49 Total impaired loans $ - $ 49 Allocated allowance on impaired loans: Home equity lines of credit $ - $ - Total $ - $ - Three Months Ended September 30, September 30, 2015 2014 (Dollars in Thousands) Average impaired loans Construction loans $ - $ - Land acquisition & development loans - - Commercial real estate loans 48 49 Home equity lines of credit - 150 Total $ 48 $ 199 Income recognized on impaired loans Construction loans $ - $ - Land acquisition & development loans - - Commercial real estate loans 1 - Home equity lines of credit - 1 Total $ 1 $ 1
Schedule of Nonaccrual Loans	September 30, June 30, 2015 2015 (Dollars in Thousands) Principal outstanding 1 – 4 family dwellings $ 259 $ 260 Construction - - Land acquisition & development - - Commercial real estate - 49 Home equity lines of credit - - Total $ 259 $ 309 Three Months Ended September 30, September 30, 2015 2014 (Dollars in Thousands) Average nonaccrual loans 1 – 4 family dwellings $ 260 $ 366 Construction - - Land acquisition & development - - Commercial real estate 48 49 Home equity lines of credit - 150 Total $ 308 $ 565 Income that would have been recognized $ 5 $ 8 Interest income recognized $ 6 $ 9 Interest income foregone $ - $ 3
Schedule of Recorded Investment	For the Three Months Ended September 30, 2014 Number of Contracts Pre-Modification Outstanding Recorded Investment Post-Modification Outstanding Recorded Investment (Dollars in Thousands) Troubled debt restructurings: Commercial real estate 1 $ 49 $ 49 Troubled debt restructurings that subsequently defaulted: - $ - $ -
Schedule of Loan Portfolio by Aging Categories	Current 30 – 59 Days Past Due 60 – 89 Days Past Due 90 Days + Past Due Accruing 90 Days + Past Due Non-accrual Total Past Due Total Loans (Dollars in Thousands) September 30, 2015 First mortgage loans: 1 – 4 family dwellings $ 33,406 $ 68 $ - $ - $ 259 $ 327 $ 33,733 Construction 4,935 - - - - - 4,935 Land acquisition & development 763 - - - - - 763 Multi-family dwellings 5,992 - - - - - 5,992 Commercial 3,110 - - - - - ﷐ 3,110 Consumer Loans: Home equity 811 - - - - - 811 Home equity lines of credit 1,967 - - - - - 1,967 Other 170 - - - - - 170 Commercial Loans 1,206 - - - - - 1,206 Obligations (other than securities and leases) of states and political subdivisions - - - - - - - $ 52,360 $ 68 $ - $ - $ 259 $ 327 52,687 Plus: Deferred loan fees 179 Allowance for loan losses (323 ) Net Loans Receivable $ 52,543 Current 30 – 59 Days Past Due 60 – 89 Days Past Due 90 Days + Past Due Accruing 90 Days + Past Due Non-accrual Total Past Due Total Loans (Dollars in Thousands) June 30, 2015 First mortgage loans: 1 – 4 family dwellings $ 28,327 $ - $ 33 $ - $ 260 $ 293 $ 28,620 Construction 3,032 - - - - - 3,032 Land acquisition & development 653 - - - - - 653 Multi-family dwellings 6,084 - - - - - 6,084 Commercial 3,335 11 - - 49 60 3,395 Consumer Loans Home equity 1,175 - - - - - 1,175 Home equity lines of credit 1,917 - - - - - 1,917 Other 211 - - - - - 211 Commercial Loans 1,251 - - - - - 1,251 Obligations (other than securities and leases) of states and political subdivisions - - - - - - - $ 45,985 $ 11 $ 33 $ - $ 309 $ 353 46,338 Plus: Deferred loan fees 129 Allowance for loan losses (304 ) Net Loans Receivable $ 46,163
Schedule of Loans by Internal Classification	September 30, 2015 Construction Land Acquisition & Development Loans Multi-family Residential Commercial Real Estate Commercial Obligations (other than securities and leases) of States and Political Subdivisions (Dollars in Thousands) Pass $ 4,935 $ 559 $ 5,992 $ 3,110 $ 1,206 $ - Special Mention - - - - - - Substandard - 204 - - - - Doubtful - - - - - - Ending Balance $ 4,935 $ 763 $ 5,992 $ 3,110 $ 1,206 $ - June 30, 2015 Construction Land Acquisition & Development Loans Multi-family Residential Commercial Real Estate Commercial Obligations (other than securities and leases) of States and Political Subdivisions (Dollars in Thousands) Pass $ 3,032 $ 445 $ 6,084 $ 3,346 $ 1,251 $ - Special Mention - - - - - - Substandard - 208 - 49 - - Doubtful - - - - - - Ending Balance $ 3,032 $ 653 $ 6,084 $ 3,395 $ 1,251 $ -
Schedule of Performing and Non-Performing Loans	September 30, 2015 1 – 4 Family Consumer (Dollars in Thousands) Performing $ 33,474 $ 2,948 Non-performing 259 - Total $ 33,733 $ 2,948 June 30, 2015 1 – 4 Family Consumer (Dollars in Thousands) Performing $ 28,360 $ 3,303 Non-performing 260 - Total $ 28,620 $ 3,303
Schedule of Primary Segments of Allowance for Loan Losses	As of September 30, 2015 First Mortgage Loans 1 – 4 Family Construction Land Acquisition & Development Multi-family Commercial Consumer Loans Commercial Loans Total (Dollars in Thousands) Beginning ALLL Balance at June 30,2015 $ 125 $ 63 $ 9 $ 30 $ 34 $ 37 $ 6 $ 304 Charge-offs - - - - - - - - Recoveries - - - - - - - - Provisions 18 9 - - (3 ) (5 ) - 19 Ending ALLL Balance at September 30, 2015 $ 143 $ 72 $ 9 $ 30 $ 31 $ 32 $ 6 $ 323 Individually evaluated for impairment $ - $ - $ - $ - $ - $ - $ - $ - Collectively evaluated for impairment 143 72 9 30 31 32 6 323 $ 143 $ 72 $ 9 $ 30 $ 31 $ 32 $ 6 $ 323 As of September 30, 2014 First Mortgage Loans 1 – 4 Family Construction Land Acquisition & Development Multi-family Commercial Consumer Loans Commercial Loans Total (Dollars in Thousands) Beginning ALLL Balance at June 30,2014 $ 103 $ 14 $ 5 $ 12 $ 45 $ 47 $ 8 $ 234 Charge-offs - - - - - - - - Recoveries - - - - - - - - Provisions (28 ) 7 5 (1 ) (2 ) 22 - 3 Ending ALLL Balance at September 30, 2014 $ 75 $ 21 $ 10 $ 11 $ 43 $ 69 $ 8 $ 237 Individually evaluated for impairment $ - $ - $ - $ - $ - $ 37 $ - $ 37 Collectively evaluated for impairment 75 21 10 11 43 32 8 200 $ 75 $ 21 $ 10 $ 11 $ 43 $ 69 $ 8 $ 237
Schedule of increased ALL reserve factors, due to increases in associated loan balances	Loan Segment 09/30/2015 Factor 09/30/2014 Factor 1 – 4 family 0.35 % 0.25 % Construction: 1 – 4 family 0.75 % 0.25 % 5+ family 1.00 % 0.50 %

FEDERAL HOME LOAN BANK (FHLB)28

FEDERAL HOME LOAN BANK (FHLB) ADVANCES (Tables)	3 Months Ended
	Sep. 30, 2015
FEDERAL HOME LOAN BANK (FHLB) ADVANCES [Abstract]
Schedule of Contractual Maturities of Federal Home Loan Bank Long-Term Advances	Weighted- Stated interest Maturity range average rate range September 30, June 30, Description from to interest rate (5) from to 2015 2015 (Dollars in Thousands) Convertible 06/22/16 07/27/17 4.44 4.26 5.16 $ 12,500 $ 12,500 Adjustable 05/06/16 09/01/17 0.32 0.30 0.39 105,305 105,305 Total $ 117,805 $ 117,805 [5] As of September 30, 2015.
Maturities of Federal Home Loan Bank Long-Term Advances	Weighted- Maturing During Average Fiscal Year Ended Interest June 30: Amount Rate (Dollars in Thousands) 2016 $ 101,696 0.43 % 2017 - - 2018 16,109 2.78 2019 - - 2020 and thereafter - - Total $ 117,805 0.76
Schedule of Federal Home Loan Bank Short-Term Advances	September 30, June 30, 2015 2015 (Dollars in Thousands) Ending balance $ 38,392 $ 37,830 Average balance 31,675 23,496 Maximum month-end balance 38,392 37,830 Average interest rate 0.35 % 0.31 % Weighted-average rate 0.35 % 0.32 %

OTHER BORROWINGS (Tables)

OTHER BORROWINGS (Tables)	3 Months Ended
	Sep. 30, 2015
OTHER BORROWINGS [Abstract]
Schedule of Other Short-Term Borrowings	September 30, June 30, 2015 2015 (Dollars in Thousands) Other short-term borrowings: Ending balance $ 7,950 $ - Average balance 6,317 1,378 Maximum month-end balance 9,700 9,464 Average interest rate 0.38 % 0.36 % Weighted-average rate 0.41 % - %
Schedule of Contractual Maturity of Repurchase Agreements	Remaining Contractual Maturity of the Repurchase Agreements Overnight and Continuous Up to 30 Days 30 – 90 Days Greater than 90 Days Total September 30, 2015 Repurchase agreements: $ - $ 7,950 $ - $ - $ 7,950 Total borrowings $ - $ 7,950 $ - $ - $ 7,950 Gross amount of recognized liabilities for repurchase agreements $ 7,950 Amounts related to agreements not included in offsetting disclosures above $ -

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	3 Months Ended
	Sep. 30, 2015
FAIR VALUE MEASUREMENTS [Abstract]
Assets Measured at Fair Value on a Recurring Basis	September 30, 2015 Level I Level II Level III Total (Dollars in Thousands) Assets measured on a recurring basis: Investment securities – available for sale: Obligations of states and political subdivisions $ - $ 702 $ - $ 702 Corporate securities - 83,750 - 83,750 Foreign debt securities (6) - 4,747 - 4,747 $ - $ 89,199 $ - $ 89,199 June 30, 2015 Level I Level II Level III Total (Dollars in Thousands) Assets measured on a recurring basis: Investment securities – available for sale: Obligations of states and political subdivisions $ - $ 697 $ - $ 697 Corporate securities - 60,938 - 60,938 Foreign debt securities (7) - 5,281 - 5,281 $ - $ 66,916 $ - $ 66,916 [6] U.S. dollar-denominated investment-grade corporate bonds of large foreign corporate issuers. [7] U.S. dollar-denominated investment-grade corporate bonds of large foreign corporate issuers.
Assets Measured at Fair Value on a Nonrecurring Basis	September 30, 2015 Level I Level II Level III Total (Dollars in Thousands) Assets measured on a non-recurring basis: Impaired loans $ - $ - $ - - Total $ - $ - $ - $ - September 30, 2015 Level I Level II Level III Total (Dollars in Thousands) Assets measured on a non-recurring basis: Impaired loans $ - $ - $ 49 $ 49 Total $ - $ - $ 49 $ 49
Schedule of Significant Observable Inputs	Fair Value at September 30, 2015 June 30, 2015 Valuation Technique Significant Unobservable Inputs Significant Unobservable Input Range (Weighted Average) (Dollars in Thousands) Impaired loans $ - $ 49 Appraisal of collateral[8] Discounted appraisal[9] 0 0 8 Fair value is generally determined through independent appraisals of the underlying collateral, which generally 9 Appraisals may be adjusted by management for qualitative factors such as economic conditions. The range and weighted average of appraisal adjustments are presented as a percentage of the appraisals.

FAIR VALUE OF FINANCIAL INSTR31

FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)	3 Months Ended
	Sep. 30, 2015
FAIR VALUE OF FINANCIAL INSTRUMENTS [Abstract]
Schedule of Carrying Amounts and Fair Values of Financial Instruments	September 30, 2015 Carrying Fair Amount Value Level I Level II Level III (Dollars in Thousands) FINANCIAL ASSETS Cash and cash equivalents $ 1,969 $ 1,969 $ 1,969 $ - $ - Certificates of deposit 350 350 350 - - Investment securities – available for sale 89,199 89,199 - 89,199 - Investment securities – held to maturity 25,123 25,592 - 25,592 - Mortgage-backed securities – held to maturity: Agency 149,553 150,066 - 150,066 - Private-label 1,875 2,215 - - 2,215 Net loans receivable 52,543 53,616 - - 53,616 Accrued interest receivable 1,387 1,387 1,387 - - FHLB stock 6,482 6,482 6,482 - - Bank owned life insurance 4,310 4,310 4,310 - - FINANCIAL LIABILITIES Deposits: Non-interest bearing deposits $ 16,512 $ 16,512 $ 16,512 $ - $ - NOW accounts 20,205 20,205 20,205 - - Savings accounts 44,686 44,686 44,686 - - Money market accounts 24,183 24,183 24,183 - - Certificates of deposit 30,059 30,030 - - 30,030 Advance payments by borrowers for taxes and insurance 853 853 853 - - FHLB long-term advances – fixed rate 12,500 13,051 - - 13,051 FHLB long-term advances – variable rate 105,305 105,305 105,305 - - FHLB short-term advances 38,392 38,392 38,392 - - Other short-term borrowings 7,950 7,950 7,950 - - Accrued interest payable 164 164 164 - - June 30, 2015 Carrying Fair Amount Value Level I Level II Level III (Dollars in Thousands) FINANCIAL ASSETS Cash and cash equivalents $ 3,573 $ 3,573 $ 3,573 $ - $ - Certificates of deposit 350 350 350 - - Investment securities – available for sale 66,916 66,916 - 66,916 - Investment securities – held to maturity 36,618 36,979 - 36,979 - Mortgage-backed securities – held to maturity: Agency 160,614 160,835 - 160,835 - Private-label 2,025 2,430 - - 2,430 Net loans receivable 46,163 46,897 - - 46,897 Accrued interest receivable 1,198 1,198 1,198 - - FHLB stock 6,619 6,619 6,619 - - Bank owned life insurance 4,276 4,276 4,276 - - FINANCIAL LIABILITIES Deposits: Non-interest bearing deposits $ 17,806 $ 17,806 $ 17,806 $ - $ - NOW accounts 20,238 20,238 20,238 - - Savings accounts 45,092 45,092 45,092 - - Money market accounts 23,601 23,601 23,601 - - Certificates of deposit 31,326 31,267 - - 31,267 Advance payments by borrowers for taxes and insurance 865 865 865 - - FHLB long-term advances – fixed rate 12,500 13,174 - - 13,174 FHLB long-term advances- variable rate 105,305 105,305 105,305 - - FHLB short-term advances 37,830 37,830 37,830 - - Other short-term borrowings - - - - - Accrued interest payable 156 156 156 - -

EARNINGS PER SHARE (Details)

EARNINGS PER SHARE (Details) - $ / shares	3 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
EARNINGS PER SHARE [Abstract]
Weighted average common shares outstanding	3,805,636	3,805,636
Average treasury stock shares	(1,766,351)	(1,754,526)
Average unallocated ESOP shares	(130,023)	(91,729)
Weighted average common shares and common stock equivalents used to calculate basic earnings per share	1,909,262	1,959,381
Additional common stock equivalents (stock options) used to calculate diluted earnings per share
Weighted average common shares and common stock equivalents used to calculate diluted earnings per share	1,909,262	1,959,381
Employee Stock Option [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive securities	114,519	114,519
Exercise price	$ 16.20	$ 16.20

STOCK BASED COMPENSATION DISC33

STOCK BASED COMPENSATION DISCLOSURE (Details)	3 Months Ended
	Sep. 30, 2015shares
STOCK BASED COMPENSATION DISCLOSURE [Abstract]
Number of options and restricted shares authorized for issuance under the 2008 Stock Incentive Plan	152,000
Number of restricted shares authorized for issuance under the 2008 Incentive Plan	38,000
Vesting period for plan	5 years
Contractual term	10 years

INVESTMENT SECURITIES (Schedule

INVESTMENT SECURITIES (Schedule of Amortized Cost and Fair Values of Investments) (Details) - USD ($) $ in Thousands		3 Months Ended	12 Months Ended
		Sep. 30, 2015	Jun. 30, 2015
AVAILABLE FOR SALE
Amortized Cost		$ 89,238	$ 66,968
Gross Unrealized Gains		64	63
Gross Unrealized Losses		(103)	(115)
Investment securities - available for sale		89,199	66,916
HELD TO MATURITY
Amortized Cost		25,123	36,618
Gross Unrealized Gains		470	455
Gross Unrealized Losses		(1)	(94)
Held-to-maturity		25,592	36,979
U.S. Government Agency Securities [Member]
HELD TO MATURITY
Amortized Cost		16,219	27,395
Gross Unrealized Gains		38	5
Gross Unrealized Losses		(1)	(94)
Held-to-maturity		16,256	27,306
Corporate Debt Securities [Member]
AVAILABLE FOR SALE
Amortized Cost		83,791	60,968
Gross Unrealized Gains		61	63
Gross Unrealized Losses		(102)	(93)
Investment securities - available for sale		83,750	60,938
HELD TO MATURITY
Amortized Cost		3,549	3,868
Gross Unrealized Gains		$ 306	$ 371
Gross Unrealized Losses
Held-to-maturity		$ 3,855	$ 4,239
Foreign Debt Securities [Member]
AVAILABLE FOR SALE
Amortized Cost	[1]	4,745	$ 5,298
Gross Unrealized Gains	[1]	3
Gross Unrealized Losses	[1]	(1)	$ (17)
Investment securities - available for sale	[1]	4,747	5,281
Obligations of States and Political Subdivisions [Member]
AVAILABLE FOR SALE
Amortized Cost		$ 702	$ 702
Gross Unrealized Gains
Gross Unrealized Losses			$ (5)
Investment securities - available for sale		$ 702	697
HELD TO MATURITY
Amortized Cost		5,355	5,355
Gross Unrealized Gains		$ 126	$ 79
Gross Unrealized Losses
Held-to-maturity		$ 5,481	$ 5,434
[1]	U.S. dollar denominated investment-grade corporate bonds of large foreign issuers.

INVESTMENT SECURITIES (Schedu35

INVESTMENT SECURITIES (Schedule of Investments by Contractual Maturity) (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Jun. 30, 2015
AVAILABLE FOR SALE, Amortized cost
Due in one year or less	$ 32,638
Due after one through two years	$ 55,607
Due after two through three years
Due after three through five years	$ 993
Due after five through ten years
Due after ten years
Total	$ 89,238
AVAILABLE FOR SALE, Fair value
Due in one year or less	32,620
Due after one through two years	$ 55,595
Due after two through three years
Due after three through five years	$ 985
Due after five through ten years
Due after ten years
Total	$ 89,199
AVAILABLE FOR SALE, Weighted average yield
Due in one year or less	1.41%
Due after one through two years	1.51%
Due after two through three years
Due after three through five years	1.68%
Due after five through ten years
Due after ten years
Total	1.47%
HELD TO MATURITY, Amortized cost
Due in one year or less	$ 524
Due after one through two years	1,471
Due after two through three years	1,809
Due after three through five years	1,605
Due after five through ten years	14,088
Due after ten years	5,626
Total	25,123	$ 36,618
HELD TO MATURITY, Fair value
Due in one year or less	548
Due after one through two years	1,499
Due after two through three years	1,734
Due after three through five years	1,734
Due after five through ten years	14,216
Due after ten years	5,640
Total	$ 25,592	$ 36,979
HELD TO MATURITY, Weighted average yield
Due in one year or less	6.15%
Due after one through two years	3.46%
Due after two through three years	5.29%
Due after three through five years	4.96%
Due after five through ten years	1.82%
Due after ten years	1.75%
Total	2.44%

INVESTMENT SECURITIES (Narrativ

INVESTMENT SECURITIES (Narrative) (Details) $ in Millions	Sep. 30, 2015USD ($)
INVESTMENT SECURITIES [Abstract]
Investment securities pledged as collateral	$ 14.7
Investment securities pledged as collateral, fair value	14.8
Excess collateral	$ 6.2

MORTGAGE-BACKED SECURITIES (Nar

MORTGAGE-BACKED SECURITIES (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Jun. 30, 2015
Schedule of Held-to-maturity Securities [Line Items]
Investment securities - held to maturity	$ 25,123		$ 36,618
Purchases of mortgage-backed securities		$ 6,081
Accretion of other comprehensive loss on other-than-temporarily impaired securities held to maturity	$ 54	$ 61
Mortgage-backed securities pledged as collateral	149,600		144,100
Mortgage-backed securities pledged as collateral, fair value	150,100		144,200
Mortgage-backed securities pledged as collateral, excess collateral	19,200		16,500
Collateralized Mortgage Obligations [Member]
Schedule of Held-to-maturity Securities [Line Items]
Investment securities - held to maturity	151,428		162,639
Proceeds from repayments mortgage-backed securities	204
MBS comprised of adjustable or floating rate investments	$ 151,400		$ 162,600
Percent of MBS comprised of adjustable or floating rate investments	100.00%		100.00%
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member]
Schedule of Held-to-maturity Securities [Line Items]
Investment securities - held to maturity	$ 149,553		$ 160,614
Proceeds from repayments mortgage-backed securities	11,200
Mortgage-backed Securities, Issued by Private Enterprises [Member]
Schedule of Held-to-maturity Securities [Line Items]
Investment securities - held to maturity	1,875		$ 2,025
Proceeds from repayments mortgage-backed securities	11,100
Accretion of other comprehensive loss on other-than-temporarily impaired securities held to maturity	$ 54

MORTGAGE-BACKED SECURITIES (Sch

MORTGAGE-BACKED SECURITIES (Schedule of Information Relating To Private Label CMO Portfolio) (Details) - USD ($) $ in Thousands		3 Months Ended
		Sep. 30, 2015		Jun. 30, 2015
Schedule of Held-to-maturity Securities [Line Items]
Investment securities - held to maturity		$ 25,123		$ 36,618
Investment securities held-to-maturity, fair value		25,592		36,979
Mortgage-backed Securities, Issued by Private Enterprises [Member]
Schedule of Held-to-maturity Securities [Line Items]
Investment securities - held to maturity		1,875		2,025
Investment securities held-to-maturity, fair value		2,215	[1]	$ 2,430
Life to date impairment recorded in earnings		$ 355
Mortgage-backed Securities, Issued by Private Enterprises [Member] | Cusip No. 126694CP1 [Member]
Schedule of Held-to-maturity Securities [Line Items]
Standard & Poor's Rating		N/A
Moodys Rating		Caa2
Fitch Rating		D
Investment securities - held to maturity		$ 1,002
Investment securities held-to-maturity, fair value	[1]	1,290
Life to date impairment recorded in earnings		$ 201
Mortgage-backed Securities, Issued by Private Enterprises [Member] | Cusip No. 126694KF4 [Member]
Schedule of Held-to-maturity Securities [Line Items]
Standard & Poor's Rating		D
Moodys Rating		N/A
Fitch Rating		D
Investment securities - held to maturity		$ 221
Investment securities held-to-maturity, fair value	[1]	234
Life to date impairment recorded in earnings		$ 39
Mortgage-backed Securities, Issued by Private Enterprises [Member] | Cusip No. 126694KF4 [Member]
Schedule of Held-to-maturity Securities [Line Items]
Standard & Poor's Rating		D
Moodys Rating		N/A
Fitch Rating		D
Investment securities - held to maturity		$ 442
Investment securities held-to-maturity, fair value	[1]	467
Life to date impairment recorded in earnings		$ 79
Mortgage-backed Securities, Issued by Private Enterprises [Member] | Cusip No. 126694MP0 [Member]
Schedule of Held-to-maturity Securities [Line Items]
Standard & Poor's Rating		D
Moodys Rating		N/A
Fitch Rating		D
Investment securities - held to maturity		$ 210
Investment securities held-to-maturity, fair value	[1]	224
Life to date impairment recorded in earnings		$ 36
[1]	Fair value estimate provided by the Company's independent third party valuation consultant.

MORTGAGE-BACKED SECURITIES (S39

MORTGAGE-BACKED SECURITIES (Schedule of Amortized Cost and Fair Values of Mortgage-Backed Securities) (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Sep. 30, 2015		Jun. 30, 2015
HELD TO MATURITY
Amortized Cost	$ 25,123		$ 36,618
Gross Unrealized Gains	470		455
Gross Unrealized Losses	(1)		(94)
Total	25,592		36,979
Collateralized Mortgage Obligations [Member]
HELD TO MATURITY
Amortized Cost	151,428		162,639
Gross Unrealized Gains	1,564		1,535
Gross Unrealized Losses	(711)		(909)
Total	152,281		163,265
Agency [Member]
HELD TO MATURITY
Amortized Cost	149,553		160,614
Gross Unrealized Gains	1,224		1,130
Gross Unrealized Losses	(711)		(909)
Total	150,066		160,835
Private-label [Member]
HELD TO MATURITY
Amortized Cost	1,875		2,025
Gross Unrealized Gains	$ 340		$ 405
Gross Unrealized Losses
Total	$ 2,215	[1]	$ 2,430
[1]	Fair value estimate provided by the Company's independent third party valuation consultant.

MORTGAGE-BACKED SECURITIES (S40

MORTGAGE-BACKED SECURITIES (Schedule of Mortgage-Backed Securities by Contractual Maturity) (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Jun. 30, 2015
Amortized cost
Due in one year or less	$ 524
Due after five through ten years	14,088
Due after ten years	5,626
Total	25,123	$ 36,618
Fair value
Due in one year or less	548
Due after five through ten years	14,216
Due after ten years	5,640
Total	$ 25,592	36,979
HELD TO MATURITY, Weighted average yield
Due in one year or less	6.15%
Collateralized Mortgage Obligations [Member]
Amortized cost
Due after five through ten years	$ 416
Due after ten years	151,012
Total	151,428	162,639
Fair value
Due after five through ten years	430
Due after ten years	151,851
Total	$ 152,281	$ 163,265
HELD TO MATURITY, Weighted average yield
Due after five through ten years	1.62%
Due after ten years	1.31%
Total	1.31%

ACCUMULATED OTHER COMPREHENSI41

ACCUMULATED OTHER COMPREHENSIVE LOSS (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	$ (461)	$ (420)
Other comprehensive income (loss) before reclassifications	$ 44	$ (1)
Amounts reclassified from accumulated other comprehensive income (loss)
Net current-period other comprehensive income (loss)	$ 44	$ (1)
Ending Balance	(417)	(421)
Available-for-sale Securities [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	(35)	130
Other comprehensive income (loss) before reclassifications	$ 8	$ (41)
Amounts reclassified from accumulated other comprehensive income (loss)
Net current-period other comprehensive income (loss)	$ 8	$ (41)
Ending Balance	(27)	89
Held-to-maturity Securities [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	(426)	(550)
Other comprehensive income (loss) before reclassifications	$ 36	$ 40
Amounts reclassified from accumulated other comprehensive income (loss)
Net current-period other comprehensive income (loss)	$ 36	$ 40
Ending Balance	$ (390)	$ (510)

UNREALIZED LOSSES ON SECURITI42

UNREALIZED LOSSES ON SECURITIES (Schedule of Gross Unrealized Losses and Fair Value) (Details) - USD ($) $ in Thousands		Sep. 30, 2015	Jun. 30, 2015
Less Than Six Months
Fair Value		$ 47,100	$ 77,583
Gross Unrealized Losses		(84)	(324)
Six through Twelve Months
Fair Value		35,400	23,029
Gross Unrealized Losses		(509)	(669)
Twelve Months or Greater
Fair Value		19,768	16,092
Gross Unrealized Losses		(222)	(125)
Total
Fair Value		102,268	116,704
Gross Unrealized Losses		(815)	(1,118)
Corporate Debt Securities [Member]
Less Than Six Months
Fair Value		38,537	28,284
Gross Unrealized Losses		(73)	(88)
Six through Twelve Months
Fair Value		8,115	1,285
Gross Unrealized Losses		$ (29)	$ (5)
Twelve Months or Greater
Fair Value
Gross Unrealized Losses
Total
Fair Value		$ 46,652	$ 29,569
Gross Unrealized Losses		(102)	(93)
Foreign Debt Securities [Member]
Less Than Six Months
Fair Value	[1]	1,574	4,780
Gross Unrealized Losses	[1]	$ (1)	(16)
Six through Twelve Months
Fair Value	[1]		501
Gross Unrealized Losses	[1]		$ (1)
Twelve Months or Greater
Fair Value	[1]
Gross Unrealized Losses	[1]
Total
Fair Value	[1]	$ 1,574	$ 5,281
Gross Unrealized Losses	[1]	(1)	(17)
U.S. Government Agency Securities [Member]
Less Than Six Months
Fair Value		499	21,318
Gross Unrealized Losses		$ (1)	$ (94)
Six through Twelve Months
Fair Value
Gross Unrealized Losses
Twelve Months or Greater
Fair Value
Gross Unrealized Losses
Total
Fair Value		$ 499	$ 21,318
Gross Unrealized Losses		(1)	(94)
Collateralized Mortgage Obligations [Member]
Less Than Six Months
Fair Value		5,788	22,504
Gross Unrealized Losses		(9)	(121)
Six through Twelve Months
Fair Value		27,285	21,243
Gross Unrealized Losses		(480)	(663)
Twelve Months or Greater
Fair Value		19,768	16,092
Gross Unrealized Losses		(222)	(125)
Total
Fair Value		52,841	59,839
Gross Unrealized Losses		(711)	(909)
Obligations of States and Political Subdivisions [Member]
Less Than Six Months
Fair Value		$ 702	697
Gross Unrealized Losses			$ (5)
Six through Twelve Months
Fair Value
Gross Unrealized Losses
Twelve Months or Greater
Fair Value
Gross Unrealized Losses
Total
Fair Value		$ 702	$ 697
Gross Unrealized Losses			$ (5)
[1]	U.S. dollar denominated investment-grade corporate bonds of large foreign corporate issuers.

UNREALIZED LOSSES ON SECURITI43

UNREALIZED LOSSES ON SECURITIES (Schedule of Changes in the Credit Loss) (Details) - Collateralized Mortgage Obligations [Member] - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Changes in the credit loss component of credit impaired mortgage-backed securities:
Beginning balance	$ 248	$ 302
Initial credit impairment
Subsequent credit impairment
Reductions for amounts recognized in earnings due to intent or requirement to sell
Reductions for securities sold
Reduction for actual realized losses	$ (14)	$ (10)
Reduction for increase in cash flows expected to be collected
Ending Balance	$ 234	$ 292

UNREALIZED LOSSES ON SECURITI44

UNREALIZED LOSSES ON SECURITIES (Narrative) (Details) $ in Thousands	3 Months Ended
	Sep. 30, 2015USD ($)	Sep. 30, 2014USD ($)
Schedule of Investment Securities [Line Items]
Net accretion	$ 36	$ 40
Less: Income tax effect	$ 18	$ 21
Number of positions that are impaired	48
Mortgage-backed Securities, Issued by Private Enterprises [Member]
Schedule of Investment Securities [Line Items]
Net accretion	$ 36
Less: Income tax effect	$ 18

LOANS AND RELATED ALLOWANCE F45

LOANS AND RELATED ALLOWANCE FOR LOAN LOSSES (Schedule of Primary Segments of Loan Portfolio) (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Jun. 30, 2015
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	$ 52,687	$ 46,338
Individually evaluated for impairment		49
Collectively evaluated for impairment	$ 52,687	46,289
Plus: Deferred loan fees	179	129
Allowance for loan losses	(323)	(304)
Net Loans Receivable	52,543	46,163
First Mortgage Loans - 1 - 4 Family Dwellings [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	$ 33,733	$ 28,620
Individually evaluated for impairment
Collectively evaluated for impairment	$ 33,733	$ 28,620
First Mortgage Loans - Construction [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	$ 4,935	$ 3,032
Individually evaluated for impairment
Collectively evaluated for impairment	$ 4,935	$ 3,032
First Mortgage Loans - Land Acquisition and Development [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	$ 763	$ 653
Individually evaluated for impairment
Collectively evaluated for impairment	$ 763	$ 653
First Mortgage Loans - Multi-family Dwellings [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	$ 5,992	$ 6,084
Individually evaluated for impairment
Collectively evaluated for impairment	$ 5,992	$ 6,084
First Mortgage Loans - Commercial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	$ 3,110	3,395
Individually evaluated for impairment		49
Collectively evaluated for impairment	$ 3,110	3,346
Consumer Loans - Home Equity [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	$ 811	$ 1,175
Individually evaluated for impairment
Collectively evaluated for impairment	$ 811	$ 1,175
Consumer Loans - Home Equity Lines of Credit [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	$ 1,967	$ 1,917
Individually evaluated for impairment
Collectively evaluated for impairment	$ 1,967	$ 1,917
Consumer Loans - Other [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	$ 170	$ 211
Individually evaluated for impairment
Collectively evaluated for impairment	$ 170	$ 211
Commercial Loan [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	$ 1,206	$ 1,251
Individually evaluated for impairment
Collectively evaluated for impairment	$ 1,206	$ 1,251
Obligations (Other Than Securities and Leases) of States and Political Subdivisions [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans
Individually evaluated for impairment
Collectively evaluated for impairment

LOANS AND RELATED ALLOWANCE F46

LOANS AND RELATED ALLOWANCE FOR LOAN LOSSES (Schedule of Impaired Loans) (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Jun. 30, 2015
Financing Receivable, Impaired [Line Items]
Total impaired loans			$ 49
Allocated allowance on impaired loans
Average impaired loans	$ 48	$ 199
Income recognized on impaired loans	$ 1	$ 1
First Mortgage Loans - Construction [Member]
Financing Receivable, Impaired [Line Items]
Average impaired loans
Income recognized on impaired loans
First Mortgage Loans - Land Acquisition and Development [Member]
Financing Receivable, Impaired [Line Items]
Average impaired loans
Income recognized on impaired loans
Commercial real estate loans
Financing Receivable, Impaired [Line Items]
Impaired loans without an allocated allowance			$ 49
Average impaired loans	$ 48	$ 49
Income recognized on impaired loans	$ 1
Consumer Loans - Home Equity Lines of Credit [Member]
Financing Receivable, Impaired [Line Items]
Impaired loans with an allocated allowance
Allocated allowance on impaired loans
Average impaired loans		$ 150
Income recognized on impaired loans		$ 1

LOANS AND RELATED ALLOWANCE F47

LOANS AND RELATED ALLOWANCE FOR LOAN LOSSES (Schedule of Nonaccrual Loans) (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Jun. 30, 2015
Financing Receivable, Impaired [Line Items]
Principal outstanding on nonaccrual loans	$ 259		$ 309
Average nonaccrual loans	308	$ 565
Interest income that would have been recognized	5	8
Interest income recognized	$ 6	9
Interest income foregone		3
First Mortgage Loans - 1 - 4 Family Dwellings [Member]
Financing Receivable, Impaired [Line Items]
Principal outstanding on nonaccrual loans	$ 259		$ 260
Average nonaccrual loans	$ 260	$ 366
First Mortgage Loans - Construction [Member]
Financing Receivable, Impaired [Line Items]
Principal outstanding on nonaccrual loans
Average nonaccrual loans
First Mortgage Loans - Land Acquisition and Development [Member]
Financing Receivable, Impaired [Line Items]
Principal outstanding on nonaccrual loans
Average nonaccrual loans
Commercial Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Principal outstanding on nonaccrual loans			$ 49
Average nonaccrual loans	$ 48	$ 49
Consumer Loans - Home Equity Lines of Credit [Member]
Financing Receivable, Impaired [Line Items]
Principal outstanding on nonaccrual loans
Average nonaccrual loans		$ 150

LOANS AND RELATED ALLOWANCE F48

LOANS AND RELATED ALLOWANCE FOR LOAN LOSSES (Schedule of Recorded Investment) (Details) $ in Thousands	3 Months Ended
	Sep. 30, 2014USD ($)
Troubled Debt Restructurings Commercial Real Estate
Financing Receivable, Modifications [Line Items]
Number of contracts	1
Pre-Modification Outstanding Recorded Investment	$ 49
Post-Modification Outstanding Recorded Investment	$ 49
Troubled Debt Restructurings That Subsequently Defaulted Commercial Real Estate [Member]
Financing Receivable, Modifications [Line Items]
Number of contracts
Pre-Modification Outstanding Recorded Investment
Post-Modification Outstanding Recorded Investment

LOANS AND RELATED ALLOWANCE F49

LOANS AND RELATED ALLOWANCE FOR LOAN LOSSES (Schedule of Loan Portfolio by Aging Categories) (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Jun. 30, 2015
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	$ 52,360	$ 45,985
Total Past Due	327	353
90 Days + Past Due Non-accrual	259	309
Total Loans	52,687	46,338
Plus: Deferred loan fees	179	129
Allowance for loan losses	(323)	(304)
Net Loans Receivable	52,543	46,163
Financing Receivables, 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	$ 68	11
Financing Receivables, 60 to 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		$ 33
Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due
First Mortgage Loans - 1 - 4 Family Dwellings [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	$ 33,406	$ 28,327
Total Past Due	327	293
90 Days + Past Due Non-accrual	259	260
Total Loans	33,733	$ 28,620
First Mortgage Loans - 1 - 4 Family Dwellings [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	$ 68
First Mortgage Loans - 1 - 4 Family Dwellings [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		$ 33
First Mortgage Loans - 1 - 4 Family Dwellings [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due
First Mortgage Loans - Construction [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	$ 4,935	$ 3,032
Total Past Due
90 Days + Past Due Non-accrual
Total Loans	$ 4,935	$ 3,032
First Mortgage Loans - Construction [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due
First Mortgage Loans - Construction [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due
First Mortgage Loans - Construction [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due
First Mortgage Loans - Land Acquisition and Development [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	$ 763	$ 653
Total Past Due
90 Days + Past Due Non-accrual
Total Loans	$ 763	$ 653
First Mortgage Loans - Land Acquisition and Development [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due
First Mortgage Loans - Land Acquisition and Development [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due
First Mortgage Loans - Land Acquisition and Development [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due
First Mortgage Loans - Multi-family Dwellings [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	$ 5,992	$ 6,084
Total Past Due
90 Days + Past Due Non-accrual
Total Loans	$ 5,992	$ 6,084
First Mortgage Loans - Multi-family Dwellings [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due
First Mortgage Loans - Multi-family Dwellings [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due
First Mortgage Loans - Multi-family Dwellings [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due
First Mortgage Loans - Commercial [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	$ 3,110	$ 3,335
Total Past Due		60
90 Days + Past Due Non-accrual		49
Total Loans	$ 3,110	3,395
First Mortgage Loans - Commercial [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due		$ 11
First Mortgage Loans - Commercial [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due
First Mortgage Loans - Commercial [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due
Consumer Loans - Home Equity [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	$ 811	$ 1,175
Total Past Due
90 Days + Past Due Non-accrual
Total Loans	$ 811	$ 1,175
Consumer Loans - Home Equity [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due
Consumer Loans - Home Equity [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due
Consumer Loans - Home Equity [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due
Consumer Loans - Home Equity Lines of Credit [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	$ 1,967	$ 1,917
Total Past Due
90 Days + Past Due Non-accrual
Total Loans	$ 1,967	$ 1,917
Consumer Loans - Home Equity Lines of Credit [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due
Consumer Loans - Home Equity Lines of Credit [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due
Consumer Loans - Home Equity Lines of Credit [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due
Consumer Loans - Other [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	$ 170	$ 211
Total Past Due
90 Days + Past Due Non-accrual
Total Loans	$ 170	$ 211
Consumer Loans - Other [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due
Consumer Loans - Other [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due
Consumer Loans - Other [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due
Commercial Loan [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	$ 1,206	$ 1,251
Total Past Due
90 Days + Past Due Non-accrual
Total Loans	$ 1,206	$ 1,251
Commercial Loan [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due
Commercial Loan [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due
Commercial Loan [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due
Obligations (Other Than Securities and Leases) of States and Political Subdivisions [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current
Total Past Due
90 Days + Past Due Non-accrual
Total Loans
Obligations (Other Than Securities and Leases) of States and Political Subdivisions [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due
Obligations (Other Than Securities and Leases) of States and Political Subdivisions [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due
Obligations (Other Than Securities and Leases) of States and Political Subdivisions [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due

LOANS AND RELATED ALLOWANCE F50

LOANS AND RELATED ALLOWANCE FOR LOAN LOSSES (Schedule of Loans by Internal Classification) (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Jun. 30, 2015
First Mortgage Loans - Construction [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable	$ 4,935	$ 3,032
First Mortgage Loans - Land Acquisition and Development [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable	763	653
First Mortgage Loans - Multi-family Dwellings [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable	5,992	6,084
First Mortgage Loans - Commercial [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable	3,110	3,395
Commercial Loan [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable	$ 1,206	$ 1,251
Obligations (Other Than Securities and Leases) of States and Political Subdivisions [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable
Pass [Member] | First Mortgage Loans - Construction [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable	$ 4,935	$ 3,032
Pass [Member] | First Mortgage Loans - Land Acquisition and Development [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable	559	445
Pass [Member] | First Mortgage Loans - Multi-family Dwellings [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable	5,992	6,084
Pass [Member] | First Mortgage Loans - Commercial [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable	3,110	3,346
Pass [Member] | Commercial Loan [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable	$ 1,206	$ 1,251
Pass [Member] | Obligations (Other Than Securities and Leases) of States and Political Subdivisions [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable
Special Mention [Member] | First Mortgage Loans - Construction [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable
Special Mention [Member] | First Mortgage Loans - Land Acquisition and Development [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable
Special Mention [Member] | First Mortgage Loans - Multi-family Dwellings [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable
Special Mention [Member] | First Mortgage Loans - Commercial [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable
Special Mention [Member] | Commercial Loan [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable
Special Mention [Member] | Obligations (Other Than Securities and Leases) of States and Political Subdivisions [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable
Substandard [Member] | First Mortgage Loans - Construction [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable
Substandard [Member] | First Mortgage Loans - Land Acquisition and Development [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable	$ 204	$ 208
Substandard [Member] | First Mortgage Loans - Multi-family Dwellings [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable
Substandard [Member] | First Mortgage Loans - Commercial [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable		$ 49
Substandard [Member] | Commercial Loan [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable
Substandard [Member] | Obligations (Other Than Securities and Leases) of States and Political Subdivisions [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable
Doubtful [Member] | First Mortgage Loans - Construction [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable
Doubtful [Member] | First Mortgage Loans - Land Acquisition and Development [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable
Doubtful [Member] | First Mortgage Loans - Multi-family Dwellings [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable
Doubtful [Member] | First Mortgage Loans - Commercial [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable
Doubtful [Member] | Commercial Loan [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable
Doubtful [Member] | Obligations (Other Than Securities and Leases) of States and Political Subdivisions [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable

LOANS AND RELATED ALLOWANCE F51

LOANS AND RELATED ALLOWANCE FOR LOAN LOSSES (Schedule of Performing and Non-Performing Loans) (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Jun. 30, 2015
First Mortgage Loans - 1 - 4 Family Dwellings [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable	$ 33,733	$ 28,620
Consumer Loan [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable	2,948	3,303
Performing Financing Receivable [Member] | First Mortgage Loans - 1 - 4 Family Dwellings [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable	33,474	28,360
Performing Financing Receivable [Member] | Consumer Loan [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable	2,948	3,303
Nonperforming Financing Receivable [Member] | First Mortgage Loans - 1 - 4 Family Dwellings [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable	$ 259	$ 260
Nonperforming Financing Receivable [Member] | Consumer Loan [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable

LOANS AND RELATED ALLOWANCE F52

LOANS AND RELATED ALLOWANCE FOR LOAN LOSSES (Schedule of Primary Segments of Allowance for Loan Losses) (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Summary of the changes in the allowance for loan losses:
ALLL Balance, Beginning	$ 304	$ 234
Charge-offs
Recoveries
Provisions	$ 19	$ 3
ALLL Balance, Ending	$ 323	237
Individually evaluated for impairment		37
Collectively evaluated for impairment	$ 323	200
1 - 4 Family [Member]
Summary of the changes in the allowance for loan losses:
ALLL Balance, Beginning	$ 125	$ 103
Charge-offs
Recoveries
Provisions	$ 18	$ (28)
ALLL Balance, Ending	$ 143	$ 75
Individually evaluated for impairment
Collectively evaluated for impairment	$ 143	$ 75
Construction [Member]
Summary of the changes in the allowance for loan losses:
ALLL Balance, Beginning	$ 63	$ 14
Charge-offs
Recoveries
Provisions	$ 9	$ 7
ALLL Balance, Ending	$ 72	$ 21
Individually evaluated for impairment
Collectively evaluated for impairment	$ 72	$ 21
Land Acquisition & Development [Member]
Summary of the changes in the allowance for loan losses:
ALLL Balance, Beginning	$ 9	$ 5
Charge-offs
Recoveries
Provisions		$ 5
ALLL Balance, Ending	$ 9	$ 10
Individually evaluated for impairment
Collectively evaluated for impairment	$ 9	$ 10
Multi-family [Member]
Summary of the changes in the allowance for loan losses:
ALLL Balance, Beginning	$ 30	$ 12
Charge-offs
Recoveries
Provisions		$ (1)
ALLL Balance, Ending	$ 30	$ 11
Individually evaluated for impairment
Collectively evaluated for impairment	$ 30	$ 11
Commercial [Member]
Summary of the changes in the allowance for loan losses:
ALLL Balance, Beginning	$ 34	$ 45
Charge-offs
Recoveries
Provisions	$ (3)	$ (2)
ALLL Balance, Ending	$ 31	$ 43
Individually evaluated for impairment
Collectively evaluated for impairment	$ 31	$ 43
Consumer Loans [Member]
Summary of the changes in the allowance for loan losses:
ALLL Balance, Beginning	$ 37	$ 47
Charge-offs
Recoveries
Provisions	$ (5)	$ 22
ALLL Balance, Ending	$ 32	69
Individually evaluated for impairment		37
Collectively evaluated for impairment	$ 32	32
Commercial Loans [Member]
Summary of the changes in the allowance for loan losses:
ALLL Balance, Beginning	$ 6	$ 8
Charge-offs
Recoveries
Provisions
ALLL Balance, Ending	$ 6	$ 8
Individually evaluated for impairment
Collectively evaluated for impairment	$ 6	$ 8

LOANS AND RELATED ALLOWANCE F53

LOANS AND RELATED ALLOWANCE FOR LOAN LOSSES (Schedule of increased ALL reserve factors) (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
1 - 4 Family [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Increase (decrease) in allowance for credit losses	$ 18	$ (28)
ALL reserve factor (as a percent)	0.35%	0.25%
Construction [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Increase (decrease) in allowance for credit losses	$ 9
1 - 4 family [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
ALL reserve factor (as a percent)	0.75%	0.25%
5+ family [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
ALL reserve factor (as a percent)	1.00%	0.50%
Consumer Loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Increase (decrease) in allowance for credit losses	$ (5)	$ 22
Commercial real estate loans [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Increase (decrease) in allowance for credit losses	$ (3)

FEDERAL HOME LOAN BANK (FHLB)54

FEDERAL HOME LOAN BANK (FHLB) ADVANCES (Schedule of Contractual Maturities of Federal Home Loan Bank Long-Term Advances) (Details) - USD ($) $ in Thousands		3 Months Ended
		Sep. 30, 2015	Jun. 30, 2015
Debt Instrument [Line Items]
Federal Home Loan Bank advances: long-term		$ 117,805	$ 117,805
Convertible Debt [Member]
Debt Instrument [Line Items]
Maturity range, minimum		Jun. 22, 2016
Maturity range, maximum		Jul. 27, 2017
Weighted-average interest rate	[1]	4.44%
Stated interest rate range, minimum		4.26%
Stated interest rate range, maximum		5.16%
Federal Home Loan Bank advances: long-term		$ 12,500	12,500
Adjustable Debt [Member]
Debt Instrument [Line Items]
Maturity range, minimum		May 6, 2016
Maturity range, maximum		Sep. 1, 2017
Weighted-average interest rate	[1]	0.32%
Stated interest rate range, minimum		0.30%
Stated interest rate range, maximum		0.39%
Federal Home Loan Bank advances: long-term		$ 105,305	$ 105,305
Federal Home Loan Bank Advances [Member]
Debt Instrument [Line Items]
Weighted-average interest rate		0.76%
Federal Home Loan Bank advances: long-term		$ 117,805
[1]	As of September 30, 2015.

FEDERAL HOME LOAN BANK (FHLB)55

FEDERAL HOME LOAN BANK (FHLB) ADVANCES (Maturities of Federal Home Loan Bank Long-Term Advances) (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Jun. 30, 2015
Amount
Total	$ 117,805	$ 117,805
Federal Home Loan Bank Advances [Member]
Amount
2,016	$ 101,696
2,017
2,018	$ 16,109
2,019
2020 and thereafter
Total	$ 117,805
Weighted-Average Interest Rate
2,016	0.43%
2,017
2,018	2.78%
2,019
2020 and thereafter
Weighted-average interest rate	0.76%

FEDERAL HOME LOAN BANK (FHLB)56

FEDERAL HOME LOAN BANK (FHLB) ADVANCES (Schedule of Federal Home Loan Bank Short-Term Advances) (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Sep. 30, 2015	Jun. 30, 2015
FHLB revolving and short-term advances:
Ending balance	$ 38,392	$ 37,830
Average balance	31,675	23,496
Maximum month-end balance	$ 38,392	$ 37,830
Average interest rate	0.35%	0.31%
Weighted-average rate	0.35%	0.32%
Remaining borrowing capacity	$ 22,600
Minimum [Member]
Federal Home Loan Bank, Advances [Line Items]
Spread over variable rate	0.05%
Maximum [Member]
Federal Home Loan Bank, Advances [Line Items]
Spread over variable rate	0.16%

OTHER BORROWINGS (Schedule of O

OTHER BORROWINGS (Schedule of Other Short-Term Borrowings) (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Sep. 30, 2015	Jun. 30, 2015
Short-term Debt [Line Items]
Ending balance	$ 7,950
Other Short Term Borrowings [Member]
Short-term Debt [Line Items]
Ending balance	7,950
Average balance	6,317	$ 1,378
Maximum month-end balance	$ 9,700	$ 9,464
Average interest rate	0.38%	0.36%
Weighted-average rate	0.41%

OTHER BORROWINGS (Schedule of C

OTHER BORROWINGS (Schedule of Contractual Maturity of Repurchase Agreements) (Details) $ in Thousands	Sep. 30, 2015USD ($)
Assets Sold under Agreements to Repurchase [Line Items]
Total borrowings	$ 7,950
Gross amount of recognized liabilities for repurchase agreements	$ 7,950
Amounts related to agreements not included in offsetting disclosures above
Maturity Overnight [Member]
Assets Sold under Agreements to Repurchase [Line Items]
Total borrowings
Maturity Less than 30 Days [Member]
Assets Sold under Agreements to Repurchase [Line Items]
Total borrowings	$ 7,950
Maturity 30 to 90 Days [Member]
Assets Sold under Agreements to Repurchase [Line Items]
Total borrowings
Maturity Greater than 90 Days [Member]
Assets Sold under Agreements to Repurchase [Line Items]
Total borrowings
Loans [Member]
Assets Sold under Agreements to Repurchase [Line Items]
Total borrowings	$ 7,950
Loans [Member] | Maturity Overnight [Member]
Assets Sold under Agreements to Repurchase [Line Items]
Total borrowings
Loans [Member] | Maturity Less than 30 Days [Member]
Assets Sold under Agreements to Repurchase [Line Items]
Total borrowings	$ 7,950
Loans [Member] | Maturity 30 to 90 Days [Member]
Assets Sold under Agreements to Repurchase [Line Items]
Total borrowings
Loans [Member] | Maturity Greater than 90 Days [Member]
Assets Sold under Agreements to Repurchase [Line Items]
Total borrowings

FAIR VALUE MEASUREMENTS (Assets

FAIR VALUE MEASUREMENTS (Assets Measured at Fair Value on a Recurring and Nonrecurring Basis) (Details) - USD ($) $ in Thousands		Sep. 30, 2015	Jun. 30, 2015
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured on a recurring basis		$ 89,199	$ 66,916
Assets measured on non-recurring basis			49
Impaired Loans [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured on non-recurring basis			49
Obligations (Other Than Securities and Leases) of States and Political Subdivisions [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured on a recurring basis		$ 702	697
Corporate Debt Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured on a recurring basis		83,750	60,938
Foreign Debt Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured on a recurring basis	[1]	$ 4,747	$ 5,281
Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured on a recurring basis
Assets measured on non-recurring basis
Fair Value, Inputs, Level 1 [Member] | Impaired Loans [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured on non-recurring basis
Fair Value, Inputs, Level 1 [Member] | Obligations (Other Than Securities and Leases) of States and Political Subdivisions [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured on a recurring basis
Fair Value, Inputs, Level 1 [Member] | Corporate Debt Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured on a recurring basis
Fair Value, Inputs, Level 1 [Member] | Foreign Debt Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured on a recurring basis	[1]
Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured on a recurring basis		$ 89,199	$ 66,916
Assets measured on non-recurring basis
Fair Value, Inputs, Level 2 [Member] | Impaired Loans [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured on non-recurring basis
Fair Value, Inputs, Level 2 [Member] | Obligations (Other Than Securities and Leases) of States and Political Subdivisions [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured on a recurring basis		$ 702	$ 697
Fair Value, Inputs, Level 2 [Member] | Corporate Debt Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured on a recurring basis		83,750	60,938
Fair Value, Inputs, Level 2 [Member] | Foreign Debt Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured on a recurring basis	[1]	$ 4,747	$ 5,281
Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured on a recurring basis
Assets measured on non-recurring basis			$ 49
Fair Value, Inputs, Level 3 [Member] | Impaired Loans [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured on non-recurring basis			$ 49
Fair Value, Inputs, Level 3 [Member] | Obligations (Other Than Securities and Leases) of States and Political Subdivisions [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured on a recurring basis
Fair Value, Inputs, Level 3 [Member] | Corporate Debt Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured on a recurring basis
Fair Value, Inputs, Level 3 [Member] | Foreign Debt Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured on a recurring basis	[1]
[1]	U.S. dollar-denominated investment-grade corporate bonds of large foreign corporate issuers.

FAIR VALUE MEASUREMENTS (Schedu

FAIR VALUE MEASUREMENTS (Schedule of Significant Observable Inputs) (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Sep. 30, 2015	Jun. 30, 2015
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Assets measured on non-recurring basis		$ 49
Impaired Loans [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Assets measured on non-recurring basis		$ 49
Significant Unobservable Input Value	0.00%	0.00%
Impaired Loans [Member] | Minimum [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Significant Unobservable Input Value	1.00%
Impaired Loans [Member] | Maximum [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Significant Unobservable Input Value	15.00%

FAIR VALUE OF FINANCIAL INSTR61

FAIR VALUE OF FINANCIAL INSTRUMENTS (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Jun. 30, 2015	Sep. 30, 2014	Jun. 30, 2014
FINANCIAL ASSETS
Cash and cash equivalents	$ 1,969	$ 3,573	$ 1,533	$ 1,360
Certificates of deposit	350	350
Investment securities - available for sale	89,199	66,916
Investment securities - held to maturity	25,123	36,618
Mortgage-backed securities - held to maturity	151,428	162,639
Net loans receivable	52,543	46,163
Accrued interest receivable	1,387	1,198
FHLB stock	6,482	6,619
Bank owned life insurance	4,310	4,276
Deposits
Non-interest bearing deposits	16,512	17,806
NOW accounts	20,205	20,238
Savings accounts	44,686	45,092
Money market accounts	24,183	23,601
Long-term Federal Home Loan Bank Advances	117,805	117,805
FHLB short-term advances	38,392	$ 37,830
Other short-term borrowings	7,950
Accrued interest payable	164	$ 156
Agency [Member]
FINANCIAL ASSETS
Investment securities - held to maturity	149,553	160,614
Private-label [Member]
FINANCIAL ASSETS
Investment securities - held to maturity	1,875	2,025
Level 1 [Member]
FINANCIAL ASSETS
Cash and cash equivalents	1,969	3,573
Certificates of deposit	$ 350	$ 350
Investment securities - available for sale
Investment securities - held to maturity
Net loans receivable
Accrued interest receivable	$ 1,387	$ 1,198
FHLB stock	6,482	6,619
Bank owned life insurance	4,310	4,276
Deposits
Non-interest bearing deposits	16,512	17,806
NOW accounts	20,205	20,238
Savings accounts	44,686	45,092
Money market accounts	$ 24,183	$ 23,601
Certificates of deposit
Advance payments by borrowers for taxes and insurance	$ 853	$ 865
Long-term Federal Home Loan Bank Advances
FHLB long-term advances - variable rate	$ 105,305	$ 105,305
FHLB short-term advances	38,392	$ 37,830
Other short-term borrowings	7,950
Accrued interest payable	$ 164	$ 156
Level 1 [Member] | Agency [Member]
FINANCIAL ASSETS
Mortgage-backed securities - held to maturity
Level 1 [Member] | Private-label [Member]
FINANCIAL ASSETS
Mortgage-backed securities - held to maturity
Level 2 [Member]
FINANCIAL ASSETS
Cash and cash equivalents
Certificates of deposit
Investment securities - available for sale	$ 89,199	$ 66,916
Investment securities - held to maturity	$ 25,592	$ 36,979
Net loans receivable
Accrued interest receivable
FHLB stock
Bank owned life insurance
Deposits
Non-interest bearing deposits
NOW accounts
Savings accounts
Money market accounts
Certificates of deposit
Advance payments by borrowers for taxes and insurance
Long-term Federal Home Loan Bank Advances
FHLB long-term advances - variable rate
FHLB short-term advances
Other short-term borrowings
Accrued interest payable
Level 2 [Member] | Agency [Member]
FINANCIAL ASSETS
Mortgage-backed securities - held to maturity	$ 150,066	$ 160,835
Level 2 [Member] | Private-label [Member]
FINANCIAL ASSETS
Mortgage-backed securities - held to maturity
Level 3 [Member]
FINANCIAL ASSETS
Cash and cash equivalents
Certificates of deposit
Investment securities - available for sale
Investment securities - held to maturity
Net loans receivable	$ 53,616	$ 46,897
Accrued interest receivable
FHLB stock
Bank owned life insurance
Deposits
Non-interest bearing deposits
NOW accounts
Savings accounts
Money market accounts
Certificates of deposit	$ 30,030	$ 31,267
Advance payments by borrowers for taxes and insurance
Long-term Federal Home Loan Bank Advances	$ 13,051	$ 13,174
FHLB long-term advances - variable rate
FHLB short-term advances
Other short-term borrowings
Accrued interest payable
Level 3 [Member] | Agency [Member]
FINANCIAL ASSETS
Mortgage-backed securities - held to maturity
Level 3 [Member] | Private-label [Member]
FINANCIAL ASSETS
Mortgage-backed securities - held to maturity	$ 2,215	$ 2,430
Carrying Amount [Member]
FINANCIAL ASSETS
Cash and cash equivalents	1,969	3,573
Certificates of deposit	350	350
Investment securities - available for sale	89,199	66,916
Investment securities - held to maturity	25,123	36,618
Net loans receivable	52,543	46,163
Accrued interest receivable	1,387	1,198
FHLB stock	6,482	6,619
Bank owned life insurance	4,310	4,276
Deposits
Non-interest bearing deposits	16,512	17,806
NOW accounts	20,205	20,238
Savings accounts	44,686	45,092
Money market accounts	24,183	23,601
Certificates of deposit	30,059	31,326
Advance payments by borrowers for taxes and insurance	853	865
Long-term Federal Home Loan Bank Advances	12,500	12,500
FHLB long-term advances - variable rate	105,305	105,305
FHLB short-term advances	38,392	$ 37,830
Other short-term borrowings	7,950
Accrued interest payable	164	$ 156
Carrying Amount [Member] | Agency [Member]
FINANCIAL ASSETS
Mortgage-backed securities - held to maturity	149,553	160,614
Carrying Amount [Member] | Private-label [Member]
FINANCIAL ASSETS
Mortgage-backed securities - held to maturity	1,875	2,025
Fair Value [Member]
FINANCIAL ASSETS
Cash and cash equivalents	1,969	3,573
Certificates of deposit	350	350
Investment securities - available for sale	89,199	66,916
Investment securities - held to maturity	25,592	36,979
Net loans receivable	53,616	46,897
Accrued interest receivable	1,387	1,198
FHLB stock	6,482	6,619
Bank owned life insurance	4,310	4,276
Deposits
Non-interest bearing deposits	16,512	17,806
NOW accounts	20,205	20,238
Savings accounts	44,686	45,092
Money market accounts	24,183	23,601
Certificates of deposit	30,030	31,267
Advance payments by borrowers for taxes and insurance	853	865
Long-term Federal Home Loan Bank Advances	13,051	13,174
FHLB long-term advances - variable rate	105,305	105,305
FHLB short-term advances	38,392	$ 37,830
Other short-term borrowings	7,950
Accrued interest payable	164	$ 156
Fair Value [Member] | Agency [Member]
FINANCIAL ASSETS
Mortgage-backed securities - held to maturity	150,066	160,835
Fair Value [Member] | Private-label [Member]
FINANCIAL ASSETS
Mortgage-backed securities - held to maturity	$ 2,215	$ 2,430