WVS Financial (WVFC) 10-Q 12 Feb 18 2018 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Dec. 31, 2017	Feb. 09, 2018
Document and Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Dec. 31, 2017
Entity Registrant Name	WVS FINANCIAL CORP
Entity Central Index Key	910,679
Current Fiscal Year End Date	--06-30
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2,018
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		2,008,144

CONSOLIDATED BALANCE SHEET (UNA

CONSOLIDATED BALANCE SHEET (UNAUDITED) - USD ($) $ in Thousands	Dec. 31, 2017	Jun. 30, 2017
Assets
Cash and due from banks	$ 2,616	$ 1,944
Interest-earning demand deposits	5,905	328
Total cash and cash equivalents	8,521	2,272
Certificates of deposit	3,624	10,380
Investment securities available-for-sale (amortized cost of $119,371 and $108,380)	119,559	108,449
Investment securities held-to-maturity (fair value of $6,687 and $8,815)	6,639	8,678
Mortgage-backed securities held-to-maturity (fair value of $122,496 and $130,181)	121,553	129,321
Net loans receivable (allowance for loan losses of $430 and $418)	81,844	77,455
Accrued interest receivable	1,137	1,206
Federal Home Loan Bank (FHLB) stock, at cost	7,234	7,062
Premises and equipment, net	424	454
Bank owned life insurance	4,605	4,541
Deferred tax assets (net)	284	437
Other assets	164	1,354
TOTAL ASSETS	355,588	351,609
Deposits
Non-interest-bearing accounts	18,500	19,396
Interest-earning checking accounts	23,645	23,787
Savings accounts	44,670	45,524
Money market accounts	21,975	22,484
Certificates of deposit	33,689	32,313
Advance payments by borrowers for taxes and insurance	1,370	1,785
Total deposits	143,849	145,289
Federal Home Loan Bank advances: short-term	176,405	155,799
Federal Home Loan Bank advances: long-term - fixed rate		10,000
Federal Home Loan Bank advances: long-term - variable rate		6,109
Accrued interest payable	246	247
Other liabilities	1,223	1,122
TOTAL LIABILITIES	321,723	318,566
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, shares outstanding	38	38
Additional paid-in capital	21,500	21,485
Treasury stock: 1,797,492, and 1,797,492 shares at cost, respectively	(27,264)	(27,264)
Retained earnings, substantially restricted	42,000	41,344
Accumulated other comprehensive loss	(93)	(188)
Unallocated Employee Stock Ownership Plan ("ESOP") shares	(2,316)	(2,372)
TOTAL STOCKHOLDERS' EQUITY	33,865	33,043
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 355,588	$ 351,609

CONSOLIDATED BALANCE SHEET (Par

CONSOLIDATED BALANCE SHEET (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2017	Jun. 30, 2017
Assets
Investment securities available-for-sale, amortized cost	$ 119,371	$ 108,380
Investment securities held-to-maturity, fair value	6,687	8,815
Mortgage-backed securities held-to-maturity, fair value	122,496	130,181
Net loans receivable, allowance for loan losses	$ 430	$ 418
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
Treasury stock, shares at cost	1,797,492	1,797,492

CONSOLIDATED STATEMENT OF INCOM

CONSOLIDATED STATEMENT OF INCOME (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2017	Dec. 31, 2016
INTEREST AND DIVIDEND INCOME:
Loans, including fees	$ 754	$ 668	$ 1,493	$ 1,303
Investment securities - taxable	680	503	1,318	1,012
Mortgage-backed securities	722	524	1,450	1,070
Certificates of deposit	24	34	58	43
Interest-earning demand deposits	2	2		2
FHLB Stock	85	83	173	162
Total interest and dividend income	2,267	1,814	4,492	3,592
INTEREST EXPENSE:
Deposits	86	54	167	110
Federal Home Loan Bank advances - long-term - fixed rate		109	32	218
Federal Home Loan Bank advances - long-term - variable rate		18	11	26
Federal Home Loan Bank advances - short-term	591	215	1,111	415
Total interest expense	677	396	1,321	769
NET INTEREST INCOME	1,590	1,418	3,171	2,823
PROVISION FOR LOAN LOSSES	6	18	12	35
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES	1,584	1,400	3,159	2,788
NON-INTEREST INCOME:
Service charges on deposits	32	35	64	72
Earnings on Bank Owned Life Insurance	32	33	64	66
Other than temporary impairment ("OTTI") losses			41
Portion of loss (gain) recognized in other comprehensive Income (before taxes)			(49)
Net impairment loss recognized in earnings			(8)
ATM fee income	47	49	94	98
Market losses on trading securities		(41)		(41)
Other	13	31	25	42
Total non-interest income	124	107	239	237
NON-INTEREST EXPENSE:
Salaries and employee benefits	549	541	1,103	1,084
Occupancy and equipment	75	81	148	163
Data processing	54	54	103	109
Correspondent bank service charges	10	10	20	20
Federal deposit insurance premium	28	12	56	61
ATM network expense	25	30	49	64
Other	216	188	370	349
Total non-interest expense	957	916	1,849	1,850
INCOME BEFORE INCOME TAXES	751	591	1,549	1,175
INCOME TAX EXPENSE	355	196	651	382
NET INCOME	$ 396	$ 395	$ 898	$ 793
EARNINGS PER SHARE:
Basic	$ 0.22	$ 0.21	$ 0.49	$ 0.42
Diluted	$ 0.22	$ 0.21	$ 0.49	$ 0.42
AVERAGE SHARES OUTSTANDING:
Basic	1,826,580	1,881,086	1,825,729	1,878,623
Diluted	1,826,580	1,881,086	1,825,729	1,878,623

CONSOLIDATED STATEMENT OF COMPR

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2017	Dec. 31, 2016
Statement of Comprehensive Income [Abstract]
NET INCOME	$ 396	$ 395	$ 898	$ 793
Investment securities available for sale not other-than-temporarily impaired:
Gains (losses) arising during the year	50	(58)	73	(138)
Less: Income tax effect	(17)	20	(25)	47
Net gains (losses)	33	(38)	48	(91)
Unrealized holdings gains (losses) on securities available for sale not other-than-temporarily impaired, net of tax	33	(38)	48	(91)
Investment securities held to maturity other-than-temporarily impaired:
Total losses			41
Losses recognized in earnings			(8)
Gains (losses) recognized in comprehensive income			49
Income tax effect			(17)
Total gains (losses) recognized in comprehensive income after income tax effect			32
Accretion of other comprehensive loss on other-than-temporarily impaired securities held to maturity	(24)	37	45	70
Less: Income tax effect	8	(15)	(15)	(26)
Unrealized holding (losses) gains on other-than-temporarily impaired securities held to maturity, net of tax	(16)	22	30	44
Unrealized holdings gains (losses) on securities, net	17	(16)	62	(47)
Other comprehensive income (loss)	17	(16)	110	(47)
COMPREHENSIVE INCOME	$ 413	$ 379	$ 1,008	$ 746

CONSOLIDATED STATEMENT OF CHANG

CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY (UNAUDITED) - 6 months ended Dec. 31, 2017 - USD ($) $ in Thousands	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]	Total
Balance at Jun. 30, 2017	$ 38	$ 21,485	$ (27,264)	$ 41,344	$ (188)	$ (2,372)	$ 33,043
Reclassfication due to change in federal income tax rate				15	(15)
Net income				898			898
Other comprehensive income					110		110
Amortization of unallocated ESOP Shares		15				56	71
Cash dividends declared ($0.12 per share)				(257)			(257)
Balance at Dec. 31, 2017	$ 38	$ 21,500	$ (27,264)	$ 42,000	$ (93)	$ (2,316)	$ 33,865

CONSOLIDATED STATEMENT OF CHAN7

CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY (Parenthetical)	6 Months Ended
	Dec. 31, 2017$ / shares
Statement of Stockholders' Equity [Abstract]
Cash dividends declared, per share	$ 0.12

CONSOLIDATED STATEMENT OF CASH

CONSOLIDATED STATEMENT OF CASH FLOWS (UNAUDITED) - USD ($) $ in Thousands	6 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
OPERATING ACTIVITIES
Net income	$ 898	$ 793
Adjustments to reconcile net income to cash provided by operating activities:
Provision for loan losses	12	35
Depreciation	41	49
Amortization of discounts, premiums and deferred loan costs	362	1,105
Amortization of unallocated ESOP shares	71
Trading losses		41
Purchase of trading securities		(961)
Deferred income taxes	97	(36)
Increase (decrease) in prepaid/accrued income taxes	11	(35)
Earnings on bank owned life insurance	(64)	(66)
Decrease in accrued interest receivable	69	194
Decrease in accrued interest payable	(1)	(23)
Increase in deferred director compensation payable	19	17
Decrease in cash items in the process of collections	1,230
Other, net	31	97
Net cash provided by operating activities	2,776	1,210
Available-for-sale:
Purchase of investment securities	(28,825)	(42,256)
Proceeds from repayments of investments	17,451	42,029
Held-to-maturity:
Purchases of mortgage-backed securities		(7,984)
Proceeds from repayments of investments	2,033	833
Proceeds from repayments of mortgage-backed securities	7,818	22,218
Purchase of certificates of deposit	(348)	(10,135)
Maturities/redemptions of certificates of deposit	7,100	100
Increase in net loans receivable	(4,373)	(9,472)
Purchase of FHLB stock	(3,503)	(4,007)
Redemption of FHLB stock	3,331	3,828
Acquisition of premises and equipment	(11)	(3)
Net cash provided by (used for) investing activities	673	(4,849)
FINANCING ACTIVITIES
Net increase (decrease) in transaction and savings accounts	(2,401)	2,503
Net increase (decrease) in certificates of deposit	1,376	(316)
Net decrease in advance payments by borrowers for taxes and insurance	(415)	(31)
Repayments of FHLB long-term advances -- fixed rate	(10,000)
Repayments of FHLB long-term advances -- variable rate	(6,109)
Net increase in FHLB short-term advances	20,606	2,046
Purchase of treasury stock		(359)
Cash dividends paid	(257)	(161)
Net cash provided by financing activities	2,800	3,682
Increase in cash and cash equivalents	6,249	43
CASH AND CASH EQUIVALENTS AT BEGINNING OF THE PERIOD	2,272	2,343
CASH AND CASH EQUIVALENTS AT END OF THE PERIOD	8,521	2,386
Cash paid during the period for:
Interest on deposits and borrowings	1,322	792
Income taxes	537	376
Non-cash items:
Educational Improvement Tax Credit	$ 50	$ 49

BASIS OF PRESENTATION

BASIS OF PRESENTATION	6 Months Ended
	Dec. 31, 2017
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

RECENT ACCOUNTING PRONOUNCEMENT

RECENT ACCOUNTING PRONOUNCEMENTS	6 Months Ended
	Dec. 31, 2017
Accounting Policies [Abstract]
RECENT ACCOUNTING PRONOUNCEMENTS	2. RECENT ACCOUNTING PRONOUNCEMENTS In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers In January 2016, the FASB issued ASU 2016-01, Financial Instruments – Overall (Subtopic 825-10): available-for-sale not-for-profit In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842) right-of-use In March 2016, the FASB issued ASU 2016-08, Revenue from Contracts with Customers (Topic 606). 2014-09, Revenue from Contracts with Customers (Topic 606), 2014-09. No. 2015-14, Revenue from Contracts with Customers (Topic 606): Deferral of the Effective Date, 2014-09 In April 2016, the FASB issued ASU 2016-10, Revenue from Contracts with Customers (Topic 606). 2014-09, Revenue from Contracts with Customers (Topic 606) 2014-09). 2015-14, Revenue from Contracts with Customers (Topic 606) Deferral of the Effective Date 2014-09 In May 2016, the FASB issued ASU 2016-12, Revenue from Contracts with Customers (Topic 606) 2014-09, Revenue from Contracts with Customers (Topic 606) 2014-09). 2015-14, Revenue from Contracts with Customers (Topic 606): Deferral of the Effective Date 2014-09 In June 2016, the FASB issued ASU 2016-13, Financial Instruments – Credit Losses: Measurement of Credit Losses on Financial Instruments 2016-13”), 2016-13 In August 2016, the FASB issued ASU 2016-15, Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments 2016-15”), In December 2016, the FASB issued ASU 2016-20 , Technical Corrections and Improvements to Topic 606, Revenue from Contracts with Customers 2016-20”. Guarantees 2016-20 year-end, year-end, In May 2017, the FASB issued ASU 2017-09, In January 2018, the FASB issued ASU 2018-1, Leases (Topic 842) 2016-02. This

EARNINGS PER SHARE

EARNINGS PER SHARE	6 Months Ended
	Dec. 31, 2017
EARNINGS PER SHARE:
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 Six Months Ended 2017 2016 2017 2016 Weighted average common shares issued 3,805,636 3,805,636 3,805,636 3,805,636 Average treasury stock shares (1,797,492 ) (1,797,492 ) (1,797,492 ) (1,793,768 ) Average unallocated ESOP shares (181,564 ) (127,058 ) (182,415 ) (133,245 ) Weighted average common shares and common stock equivalents used to calculate basic earnings per share 1,826,580 1,881,086 1,825,729 1,878,623 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 1,826,580 1,881,086 1,825,729 1,878,623 There are no convertible securities that would affect the numerator in calculating basic and diluted earnings per share; therefore, net income as presented on the Consolidated Statement of Income is used. At December 31, 2017, and 2016, there were 114,519 options outstanding with an exercise price of $16.20 which were anti-dilutive for the three and six month periods.

STOCK BASED COMPENSATION DISCLO

STOCK BASED COMPENSATION DISCLOSURE	6 Months Ended
	Dec. 31, 2017
Disclosure of Compensation Related Costs, Share-based Payments [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 shares (up to 38,000 restricted shares may be issued). Option awards are generally granted with an exercise price equal to the market price of the Company’s stock at the date of grant; those option awards generally vest over five years of continuous service and have ten-year During the six month periods ended December 31, 2017 and 2016, the Company recorded no compensation expense related to our share-based compensation awards. As of December 31, 2017, there was no unrecognized compensation cost related to unvested share-based compensation awards granted in fiscal 2009. All of the Company’s outstanding stock options were vested at December 31, 2017 and 2016. There were no stock options exercised or issued during the six months ended December 31, 2017 and 2016.

INVESTMENT SECURITIES

INVESTMENT SECURITIES	6 Months Ended
	Dec. 31, 2017
Investments, Debt and Equity Securities [Abstract]
INVESTMENT SECURITIES	5. INVESTMENT SECURITIES The amortized cost and fair values of investments are as follows: Amortized Gross Gross Fair (Dollars in Thousands) December 31, 2017 AVAILABLE FOR SALE Corporate debt securities $ 92,570 $ 277 $ (98 ) $ 92,749 Foreign debt securities 1 25,171 23 (2 ) 25,192 Obligations of states and political subdivisions 1,630 - (12 ) 1,618 Total $ 119,371 $ 300 $ (112 ) $ 119,559 Amortized Gross Gross Fair (Dollars in Thousands) December 31, 2017 HELD TO MATURITY U.S. government agency securities $ 625 $ 3 $ - $ 628 Corporate debt securities 1,519 39 - 1,558 Obligations of states and political subdivisions 4,495 9 (3 ) 4,501 Total $ 6,639 $ 51 $ (3 ) $ 6,687 Amortized Gross Gross Fair (Dollars in Thousands) June 30, 2017 AVAILABLE FOR SALE Corporate debt securities $ 92,576 $ 144 $ (84 ) $ 92,636 Foreign debt securities 1 14,474 12 - 14,486 Obligations of states and political subdivisions 1,330 - (3 ) 1,327 Total $ 108,380 $ 156 $ (87 ) $ 108,449 1 Amortized Gross Gross Fair (Dollars in Thousands) June 30, 2017 HELD TO MATURITY U.S. government agency securities $ 625 $ 6 $ - $ 631 Corporate debt securities 2,698 91 - 2,789 Obligations of states and political subdivisions 2 5,355 41 (1 ) 5,395 Total $ 8,678 $ 138 $ (1 ) $ 8,815 There were no sales of investment securities for the three and six month periods ended December 31, 2017 and December 31, 2016. The amortized cost and fair values of debt securities at December 31, 2017, 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 Total (Dollars in Thousands) AVAILABLE FOR SALE Amortized cost $ 49,148 $ 54,623 $ 15,600 $ - $ 119,371 Fair value 49,136 54,783 15,640 - 119,559 HELD TO MATURITY Amortized cost $ 2,019 $ 2,975 $ 1,645 $ - $ 6,639 Fair value 2,060 2,978 1,649 - 6,687 At December 31, 2017, investment securities with amortized cost, and fair values of $4.1 million were pledged to secure borrowings with the Federal Home Loan Bank (“FHLB”). As of December 31, 2017, investment securities with amortized cost $1.9 million and fair values of $1.9 million were pledged to secure future borrowings with the Federal Reserve Bank of Cleveland (FRBC). Since the Company had no FRBC borrowings outstanding on December 31, 2017, all FRBC collateral pledges may be withdrawn by the Company at any time. 2

MORTGAGE-BACKED SECURITIES

MORTGAGE-BACKED SECURITIES	6 Months Ended
	Dec. 31, 2017
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 December 31, 2017, the Company’s Agency CMOs totaled $120.6 million as compared to $128.2 million at June 30, 2017. The Company’s private-label CMOs totaled $1.0 million at December 31, 2017 as compared to $1.1 million at June 30, 2017. The $7.6 million decrease in the CMO portfolio was primarily due to repayments on our Agency and private-label CMOs which totaled $7.6 million and $174 thousand, respectively. At December 31, 2017 and June 30, 2017, all of the Company’s MBS portfolio, including CMOs, were comprised of adjustable or floating rate investments. 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 retains 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 non-credit 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 December 31, 2017. 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 December 31, 2017 Rating Amortized Fair 3 Life to Date Cusip # Security Description S&P Moody’s Fitch (in thousands) 126694CP1 CWHL SER 21 A11 N/A Caa2 D $ 534 $ 692 $ 201 126694KF4 CWHL SER 24 A15 D N/A D 224 256 42 126694KF4 CWHL SER 24 A15 D N/A D 112 128 84 126694MP0 CWHL SER 26 1A5 D N/A D 116 128 36 $ 986 $ 1,204 $ 363 The amortized cost and fair values of the Company’s mortgage-backed securities are as follows: Amortized Gross Gross Fair (Dollars in Thousands) December 31, 2017 HELD TO MATURITY Collateralized mortgage obligations: Agency $ 120,567 $ 1,243 $ (518 ) $ 121,292 Private-label 986 218 - 1,204 Total $ 121,553 $ 1,461 $ (518 ) $ 122,496 Amortized Gross Gross Fair (Dollars in Thousands) June 30, 2017 HELD TO MATURITY Collateralized mortgage obligations: Agency $ 128,201 $ 1,076 $ (437 ) $ 128,840 Private-label 1,120 221 - 1,341 Total $ 129,321 $ 1,297 $ (437 ) $ 130,181 3 The amortized cost and fair value of the Company’s mortgage-backed securities at December 31, 2017, 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 Due after Total (Dollars in Thousands) HELD TO MATURITY Amortized cost $ - $ - $ 226 $ 121,327 $ 121,553 Fair value - - 231 122,265 122,496 At December 31, 2017, mortgage-backed securities with amortized costs of $120.6 million and fair values of $121.3 million were pledged to secure public deposits and borrowings with the FHLB. Of the securities pledged, $8.5 million of fair value was excess collateral. At June 30, 2017 mortgage-backed securities with an amortized cost of $128.2 million and fair values of $128.8 million, were pledged to secure public deposits and borrowings with the FHLB. Of the securities pledged, $16.7 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 GAIN (LOSS)	6 Months Ended
	Dec. 31, 2017
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]
ACCUMULATED OTHER COMPREHENSIVE GAIN (LOSS)	7. ACCUMULATED OTHER COMPREHENSIVE LOSS The following tables present the changes in accumulated other comprehensive loss by component, for the three and six months ended December 31, 2017 and 2016. Three Months Ended December 31, 2017 (Dollars in Thousands – net of tax) Unrealized Gains Available-for-Sale Unrealized Gains Held-to-Maturity Total Beginning Balance – September 30, 2017 $ 91 $ (186 ) $ (95 ) Other comprehensive income (loss) before reclassifications 33 (16 ) 17 Amounts reclassified from accumulated other comprehensive income (loss) 24 (39 ) (15 ) Net current-period other comprehensive income (loss) 57 (55 ) 2 Ending Balance – December 31, 2017 $ 148 $ (241 ) $ (93 ) Six Months Ended December 31, 2017 (Dollars in Thousands – net of tax) Unrealized Gains Available-for-Sale Unrealized Gains Held-to-Maturity Total Beginning Balance – June 30, 2017 $ 44 $ (232 ) $ (188 ) Other comprehensive income (loss) before reclassifications 80 30 110 Amounts reclassified from accumulated other comprehensive income (loss) 24 (39 ) (15 ) Net current-period other comprehensive income (loss) 104 (9 ) 95 Ending Balance – December 31, 2017 $ 148 $ (241 ) $ (93 ) Three Months Ended December 31, 2016 (Dollars in Thousands – net of tax) Unrealized Gains Available-for-Sale Unrealized Gains Held-to-Maturity Total Beginning Balance – September 30, 2016 $ 25 $ (294 ) $ (269 ) Other comprehensive income (loss) before reclassifications (38 ) 22 (16 ) Amounts reclassified from accumulated other comprehensive income (loss) - - - Net current-period other comprehensive income (loss) (38 ) 22 (16 ) Ending Balance – December 31, 2016 $ (13 ) $ (272 ) $ (285 ) Six Months Ended December 31, 2016 (Dollars in Thousands – net of tax) Unrealized Gains Available-for-Sale Unrealized Gains Held-to-Maturity Total Beginning Balance – June 30, 2016 $ 78 $ (316 ) $ (238 ) Other comprehensive income (loss) before reclassifications (91 ) 44 (47 ) Amounts reclassified from accumulated other comprehensive income (loss) - - - Net current-period other comprehensive income (loss) (91 ) 44 (47 ) Ending Balance – December 31, 2016 $ (13 ) $ (272 ) $ (285 ) There were no amounts reclassified out of accumulated other comprehensive income for the three and six months ended December 31, 2017 and 2016.

UNREALIZED LOSSES ON SECURITIES

UNREALIZED LOSSES ON SECURITIES	6 Months Ended
	Dec. 31, 2017
Unrealized Gain (Loss) on Marketable Securities, Cost Method Investments, and Other Investments [Abstract]
UNREALIZED LOSSES ON SECURITIES	8. UNREALIZED LOSSES ON SECURITIES The following tables 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 December 31, 2017 and June 30, 2017. December 31, 2017 Less Than Twelve Months Twelve Months or Greater Total Fair Gross Fair Gross Fair Gross (Dollars in Thousands) Corporate debt securities $ 40,483 $ (96 ) $ 994 $ (2 ) $ 41,477 $ (98 ) Foreign Debt Securities 4 3,013 (2 ) - - 3,013 (2 ) Obligations of state and political subdivision 2,365 (15 ) - - 2,365 (15 ) Collateralized mortgage obligations: Agency 22,552 (44 ) 21,589 (474 ) 44,141 (518 ) Total $ 68,413 $ (157 ) $ 22,583 $ (476 ) $ 90,996 $ (633 ) June 30, 2017 Less Than Twelve Months Twelve Months or Greater Total Fair Gross Fair Gross Fair Gross (Dollars in Thousands) Corporate debt securities $ 37,965 $ (83 ) $ 994 $ (1 ) $ 38,959 $ (84 ) Obligations of states and political subdivisions 1,827 (4 ) - - 1,827 (4 ) Collateralized mortgage obligations: Agency 23,724 (69 ) 22,949 (368 ) 46,673 (437 ) Total $ 63,516 $ (156 ) $ 23,943 $ (369 ) $ 87,459 $ (525 ) 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 held-to-maturity 4 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-backed securities is 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 Six Months Ended 2017 2016 2017 2016 (Dollars in Thousands) Beginning balance $ 258 $ 292 $ 259 $ 299 Initial credit impairment - - - - Subsequent credit impairment - - 8 - Reductions for amounts recognized in earnings due to intent or requirement to sell - - - - Reductions for securities sold - - - - Reduction for actual realized losses (10 ) (13 ) (19 ) (20 ) Reduction for increase in cash flows expected to be collected - - - - Ending Balance $ 248 $ 279 $ 248 $ 279 During the three months ended December 31, 2017, the Company recorded no credit impairment and no non-credit non-credit 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, the Company retained an independent third party to assist it with assessing its investments within the private-label CMO portfolio. The independent third party 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 December 31, 2017 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. The Company had three private-label CMOs with OTTI at December 31, 2017. 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 does 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 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 had investments in 49 positions that were impaired at December 31, 2017. 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	6 Months Ended
	Dec. 31, 2017
Receivables [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 December 31, 2017 and June 30, 2017. December 31, 2017 June 30, 2017 Total Loans Individually evaluated Collectively Total Loans Individually evaluated Collectively for impairment (Dollars in Thousands) First mortgage loans: 1 – 4 family dwellings $ 70,251 $ - $ 70,251 $ 65,153 $ - $ 65,153 Construction 1,823 - 1,823 1,866 - 1,866 Land acquisition & development 48 - 48 462 - 462 Multi-family dwellings 3,521 - 3,521 3,653 - 3,653 Commercial 2,028 - 2,028 2,033 - 2,033 Consumer Loans Home equity 934 - 934 1,017 - 1,017 Home equity lines of credit 2,329 - 2,329 2,275 - 2,275 Other 146 - 146 139 - 139 Commercial Loans 734 - 734 841 - 841 $ 81,814 $ - $ 81,814 $ 77,439 $ - $ 77,439 Plus: Deferred loan costs 460 434 Allowance for loan losses (430 ) (418 ) Total $ 81,844 $ 77,455 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 Company collectively evaluates for impairment 1-4 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 As of December 31, 2017 and June 30, 2017 there were no loans considered to be impaired. Total nonaccrual loans as of December 31, 2017 and June 30, 2017 and the related interest income recognized for the three and six months ended December 31, 2017 and December 31, 2016 are as follows: December 31, June 30, (Dollars in Thousands) Principal outstanding 1 – 4 family dwellings $ 242 $ 246 Construction - - Land acquisition & development - - Commercial real estate - - Home equity lines of credit - - Total $ 242 $ 246 Three Months Ended Six Months Ended December 31, December 31, December 31, December 31, (Dollars in Thousands) Average nonaccrual loans 1 – 4 family dwellings $ 243 $ 251 $ 244 $ 252 Construction - - - - Land acquisition & development - - - - Commercial real estate - - - - Home equity lines of credit - - - - Total $ 243 $ 251 $ 244 $ 252 Income that would have been recognized $ 4 $ 5 $ 9 $ 8 Interest income recognized $ 5 $ 5 $ 11 $ 9 The Company’s loan portfolio may also include 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 and six months ended December 31, 2017, and December 31, 2016, there were no TDRs. 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 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. 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 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. The following tables present the classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans as of December 31, 2017 and June 30, 2017: Current 30 – 59 60 – 89 90 Days + 90 Days + Non-accrual Total Total (Dollars in Thousands) December 31, 2017 First mortgage loans: 1 – 4 family dwellings $ 70,009 $ - $ - $ - $ 242 $ 242 $ 70,251 Construction 1,823 - - - - - 1,823 Land acquisition & development 48 - - - - - 48 Multi-family dwellings 3,521 - - - - - 3,521 Commercial 2,028 - - - - - 2,028 Consumer Loans: Home equity 934 - - - - - 934 Home equity lines of credit 2,329 - - - - - 2,329 Other 146 - - - - - 146 Commercial Loans 734 - - - - - 734 $ 81,572 $ - $ - $ - $ 242 $ 242 81,814 Plus: Deferred loan fees 460 Allowance for loan losses (430 ) Net Loans Receivable $ 81,844 Current 30 – 59 60 – 89 90 Days + 90 Days + Non-accrual Total Total (Dollars in Thousands) June 30, 2017 First mortgage loans: 1 – 4 family dwellings $ 64,907 $ - $ - $ - $ 246 $ 246 $ 65,153 Construction 1,866 - - - - - 1,866 Land acquisition & development 462 - - - - - 462 Multi-family dwellings 3,653 - - - - - 3,653 Commercial 2,033 - - - - - 2,033 Consumer Loans: Home equity 1,017 - - - - - 1,017 Home equity lines of credit 2,275 - - - - - 2,275 Other 139 - - - - - 139 Commercial Loans 841 - - - - - 841 $ 77,193 $ - $ - $ - $ 246 $ 246 77,439 Plus: Deferred loan fees 434 Allowance for loan losses (418 ) Net Loans Receivable $ 77,455 Credit quality information The following tables represent credit exposure by internally assigned grades for the period ended December 31, 2017 and June 30, 2017. 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 The following tables present 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 December 31, 2017 and June 30, 2017. December 31, 2017 (Dollars in Thousands) Construction Land Acquisition & Development Loans Multi- Residential Commercial Estate Commercial Pass $ 1,823 $ 48 $ 3,521 $ 2,028 $ 734 Special Mention - - - - - Substandard - - - - - Doubtful - - - - - Ending Balance $ 1,823 $ 48 $ 3,521 $ 2,028 $ 734 June 30, 2017 (Dollars in Thousands) Construction Land Acquisition & Development Loans Multi-family Residential Commercial Estate Commercial Pass $ 1,866 $ 462 $ 3,653 $ 2,033 $ 841 Special Mention - - - - - Substandard - - - - - Doubtful - - - - - Ending Balance $ 1,866 $ 462 $ 3,653 $ 2,033 $ 841 The following table presents performing and non-performing December 31, 2017 1 – 4 Family Consumer (Dollars in Thousands) Performing $ 70,009 $ 3,409 Non-performing 242 - Total $ 70,251 $ 3,409 June 30, 2017 1 – 4 Family Consumer (Dollars in Thousands) Performing $ 64,907 $ 3,431 Non-performing 246 - Total $ 65,153 $ 3,431 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 The Company had no unallocated loss allowance balance at December 31, 2017. 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 tables 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 December 31, 2017 and 2016. Activity in the allowance is presented for the three and six months ended December 31, 2017 and 2016. As of December 31, 2017 First Mortgage Loans 1 – 4 Construction Land Multi- Commercial Consumer Commercial Total (Dollars in Thousands) Beginning ALLL Balance at September 30, 2017 $ 311 $ 32 $ 2 $ 20 $ 21 $ 34 $ 3 $ 423 Charge-offs - - - - - - - - Recoveries - - - - - - - - Provisions 15 (6 ) (2 ) (1 ) (1 ) - 1 6 Ending ALLL Balance at December 31, 2017 $ 326 $ 26 $ - $ 19 $ 20 $ 34 $ 4 $ 429 Individually evaluated for impairment $ - $ - $ - $ - $ - $ - $ - $ - Collectively evaluated for impairment 326 26 - 19 20 34 4 429 $ 326 $ 26 $ - $ 19 $ 20 $ 34 $ 4 $ 429 As of December 31, 2017 First Mortgage Loans 1 – 4 Construction Land Multi- Commercial Consumer Commercial Total (Dollars in Thousands) Beginning ALLL Balance at June 30, 2017 $ 305 $ 30 $ 5 $ 20 $ 20 $ 34 $ 4 $ 418 Charge-offs - - - - - - - - Recoveries - - - - - - - - Provisions 22 (4 ) (5 ) (1 ) - - - 12 Ending ALLL Balance at December 31, 2017 $ 327 $ 26 $ - $ 19 $ 20 $ 34 $ 4 $ 430 Individually evaluated for impairment $ - $ - $ - $ - $ - $ - $ - $ - Collectively evaluated for impairment 327 26 - 19 20 34 4 430 $ 327 $ 26 $ - $ 19 $ 20 $ 34 $ 4 $ 430 As of December 31, 2016 First Mortgage Loans 1 – 4 Construction Land Multi- Commercial Consumer Commercial Total (Dollars in Thousands) Beginning ALLL Balance at September 30, 2016 $ 256 $ 46 $ 7 $ 21 $ 17 $ 24 $ 5 $ 376 Charge-offs - - - - - - - - Recoveries - - - - - - - - Provisions 5 5 - - - 9 - 19 Ending ALLL Balance at December 31, 2016 $ 261 $ 51 $ 7 $ 21 $ 17 $ 33 $ 5 $ 395 Individually evaluated for impairment $ - $ - $ - $ - $ - $ - $ - $ - Collectively evaluated for impairment 261 51 7 21 17 33 5 395 $ 261 $ 51 $ 7 $ 21 $ 17 $ 33 $ 5 $ 395 As of December 31, 2016 First Mortgage Loans 1 – 4 Construction Land Multi- Commercial Consumer Commercial Total (Dollars in Thousands) Beginning ALLL Balance at June 30, 2016 $ 222 $ 57 $ 7 $ 22 $ 16 $ 29 $ 7 $ 360 Charge-offs - - - - - - - - Recoveries - - - - - - - - Provisions 39 (6 ) - (1 ) 1 4 (2 ) 35 Ending ALLL Balance at December 31, 2016 $ 261 $ 51 $ 7 $ 21 $ 17 $ 33 $ 5 $ 395 Individually evaluated for impairment $ - $ - $ - $ - $ - $ - $ - $ - Collectively evaluated for impairment 261 51 7 21 17 33 5 395 $ 261 $ 51 $ 7 $ 21 $ 17 $ 33 $ 5 $ 395 During the three months and six months ended December 31, 2017, the ALLL increased $6 thousand and $12 thousand, respectively. These increases were associated with the 1 – 4 family real estate loan portfolio and were partially offset by decreases in the ALLL associated with construction and land acquisition and development loans. The primary reason for the changes in the ALLL associated with these segments were the changes in associated loan balances. During the three and six months ending December 31, 2016, the ALLL increased $19 thousand and $35 thousand respectively. For the three months ended December 31, 2016, the ALLL associated with 1—4 family real estate loans, construction and consumer loans increased. During the six months ended December 31, 2016, the ALLL associated with 1-4

FEDERAL HOME LOAN BANK (FHLB) A

FEDERAL HOME LOAN BANK (FHLB) ADVANCES	6 Months Ended
	Dec. 31, 2017
Federal Home Loan Bank, Advances, General Debt Obligations, Disclosures [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 December 31, 2017 and June 30, 2017. Maturity range Weighted- Stated interest December 31, June 30, Description from to interest rate 5 from to 2017 2017 (Dollars in Thousands) Convertible 07/27/17 07/27/17 4.26% 4.26 % 4.26 % $ - $ 10,000 Adjustable 08/11/17 09/01/17 1.25% 1.23 % 1.27 % - 6,109 Total $ - $ 16,109 5 As of June 30, 2017. The terms of the convertible advance reset to the three-month London Interbank Offered Rate (“LIBOR”) and have various spreads and call dates of three months. The FHLB had 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 had the right to pay off the advance without penalty. The adjustable rate advances adjusted either monthly or quarterly, based on the one-month 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 December 31, 2017 and June 30, 2017: December 31, June 30, (Dollars in Thousands) FHLB revolving and short-term advances: Ending balance $ 176,405 $ 155,799 Average balance 163,931 144,258 Maximum month-end 177,805 155,799 Average interest rate 1.36 % 0.78 % Weighted-average rate 1.54 % 1.24 % At December 31, 2017, the Company had remaining borrowing capacity with the FHLB of approximately $2.1 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.

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	6 Months Ended
	Dec. 31, 2017
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENTS	11. 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 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 December 31, 2017 and June 30, 2017, 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. December 31, 2017 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 $ - $ 1,618 $ - $ 1,618 Corporate securities - 92,749 - 92,749 Foreign debt securities 6 - 25,192 - 25,192 $ - $ 119,559 $ - $ 119,559 June 30, 2017 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 $ - $ 1,327 $ - $ 1,327 Corporate securities - 92,636 - 92,636 Foreign debt securities 6 - 14,486 - 14,486 $ - $ 108,449 $ - $ 108,449 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 fair value that were recognized at fair value below cost at the end of the period. 6 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 December 31, 2017 and June 30, 2017.

FAIR VALUE OF FINANCIAL INSTRUM

FAIR VALUE OF FINANCIAL INSTRUMENTS	6 Months Ended
	Dec. 31, 2017
FAIR VALUE OF FINANCIAL INSTRUMENTS [Abstract]
FAIR VALUE OF FINANCIAL INSTRUMENTS	12. FAIR VALUE OF FINANCIAL INSTRUMENTS The carrying amounts and estimated fair values are as follows: December 31, 2017 Carrying Fair Level I Level II Level III (Dollars in Thousands) FINANCIAL ASSETS Cash and cash equivalents $ 8,521 $ 8,521 $ 8,521 $ - $ - Certificates of deposit 3,624 3,624 3,624 - - Investment securities – available for sale 119,559 119,559 - 119,559 - Investment securities – held to maturity 6,639 6,687 - 6,687 - Mortgage-backed securities – held to maturity: Agency 120,567 121,292 - 121,292 - Private-label 986 1,204 - - 1,204 Net loans receivable 81,844 81,400 - - 81,400 Accrued interest receivable 1,137 1,137 1,137 - - FHLB stock 7,234 7,234 7,234 - - Bank owned life insurance 4,605 4,605 4,605 - - FINANCIAL LIABILITIES Deposits: Non-interest $ 18,500 $ 18,500 $ 18,500 $ - $ - NOW accounts 23,645 23,645 23,645 - - Savings accounts 44,670 44,670 44,670 - - Money market accounts 21,975 21,975 21,975 - - Certificates of deposit 33,689 33,467 - - 33,467 Advance payments by borrowers for taxes and insurance 1,370 1,370 1,370 - - FHLB short-term advances 176,405 176,405 176,405 - - Accrued interest payable 246 246 246 - - June 30, 2017 Carrying Fair Level I Level II Level III (Dollars in Thousands) FINANCIAL ASSETS Cash and cash equivalents $ 2,272 $ 2,272 $ 2,272 $ - $ - Certificates of deposit 10,380 10,380 10,380 - - Investment securities – available for sale 108,449 108,449 - 108,449 - Investment securities – held to maturity 8,678 8,815 - 8,815 - Mortgage-backed securities – held to maturity: Agency 128,201 128,840 - 128,840 - Private-label 1,120 1,341 - - 1,341 Net loans receivable 77,455 77,224 - - 77,224 Accrued interest receivable 1,206 1,206 1,206 - - FHLB stock 7,062 7,062 7,062 - - Bank owned life insurance 4,541 4,541 4,541 - - FINANCIAL LIABILITIES Deposits: Non-interest $ 19,396 $ 19,396 $ 19,396 $ - $ - NOW accounts 23,787 23,787 23,787 - - Savings accounts 45,524 45,524 45,524 - - Money market accounts 22,484 22,484 22,484 - - Certificates of deposit 32,313 32,147 - - 32,147 Advance payments by borrowers for taxes and insurance 1,785 1,785 1,785 - - FHLB long-term advances – fixed rate 10,000 10,000 - - 10,000 FHLB long-term advances- variable rate 6,109 6,109 6,109 - - FHLB short-term advances 155,799 155,799 155,799 - - Accrued interest payable 247 247 247 - - 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, and FHLB Short-term Advances 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)	6 Months Ended
	Dec. 31, 2017
EARNINGS PER SHARE:
Schedule of Basic and Diluted 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 Six Months Ended 2017 2016 2017 2016 Weighted average common shares issued 3,805,636 3,805,636 3,805,636 3,805,636 Average treasury stock shares (1,797,492 ) (1,797,492 ) (1,797,492 ) (1,793,768 ) Average unallocated ESOP shares (181,564 ) (127,058 ) (182,415 ) (133,245 ) Weighted average common shares and common stock equivalents used to calculate basic earnings per share 1,826,580 1,881,086 1,825,729 1,878,623 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 1,826,580 1,881,086 1,825,729 1,878,623

INVESTMENT SECURITIES (Tables)

INVESTMENT SECURITIES (Tables)	6 Months Ended
	Dec. 31, 2017
Investments, Debt and Equity Securities [Abstract]
Schedule of Amortized Cost and Fair Values of Investments	5. INVESTMENT SECURITIES The amortized cost and fair values of investments are as follows: Amortized Gross Gross Fair (Dollars in Thousands) December 31, 2017 AVAILABLE FOR SALE Corporate debt securities $ 92,570 $ 277 $ (98 ) $ 92,749 Foreign debt securities 1 25,171 23 (2 ) 25,192 Obligations of states and political subdivisions 1,630 - (12 ) 1,618 Total $ 119,371 $ 300 $ (112 ) $ 119,559 Amortized Gross Gross Fair (Dollars in Thousands) December 31, 2017 HELD TO MATURITY U.S. government agency securities $ 625 $ 3 $ - $ 628 Corporate debt securities 1,519 39 - 1,558 Obligations of states and political subdivisions 4,495 9 (3 ) 4,501 Total $ 6,639 $ 51 $ (3 ) $ 6,687 Amortized Gross Gross Fair (Dollars in Thousands) June 30, 2017 AVAILABLE FOR SALE Corporate debt securities $ 92,576 $ 144 $ (84 ) $ 92,636 Foreign debt securities 1 14,474 12 - 14,486 Obligations of states and political subdivisions 1,330 - (3 ) 1,327 Total $ 108,380 $ 156 $ (87 ) $ 108,449 1 Amortized Gross Gross Fair (Dollars in Thousands) June 30, 2017 HELD TO MATURITY U.S. government agency securities $ 625 $ 6 $ - $ 631 Corporate debt securities 2,698 91 - 2,789 Obligations of states and political subdivisions 2 5,355 41 (1 ) 5,395 Total $ 8,678 $ 138 $ (1 ) $ 8,815
Schedule of Investments by Contractual Maturity	Due in Due after Due after Due after Total (Dollars in Thousands) AVAILABLE FOR SALE Amortized cost $ 49,148 $ 54,623 $ 15,600 $ - $ 119,371 Fair value 49,136 54,783 15,640 - 119,559 HELD TO MATURITY Amortized cost $ 2,019 $ 2,975 $ 1,645 $ - $ 6,639 Fair value 2,060 2,978 1,649 - 6,687

MORTGAGE-BACKED SECURITIES (Tab

MORTGAGE-BACKED SECURITIES (Tables)	6 Months Ended
	Dec. 31, 2017
MORTGAGE-BACKED SECURITIES [Abstract]
Schedule of Information Relating To Private Label CMO Portfolio	The following table sets forth information with respect to the Company’s private-label CMO portfolio as of December 31, 2017. 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 December 31, 2017 Rating Amortized Fair 3 Life to Date Cusip # Security Description S&P Moody’s Fitch (in thousands) 126694CP1 CWHL SER 21 A11 N/A Caa2 D $ 534 $ 692 $ 201 126694KF4 CWHL SER 24 A15 D N/A D 224 256 42 126694KF4 CWHL SER 24 A15 D N/A D 112 128 84 126694MP0 CWHL SER 26 1A5 D N/A D 116 128 36 $ 986 $ 1,204 $ 363
Schedule of Amortized Cost and Fair Values of Mortgage-Backed Securities	The amortized cost and fair values of the Company’s mortgage-backed securities are as follows: Amortized Gross Gross Fair (Dollars in Thousands) December 31, 2017 HELD TO MATURITY Collateralized mortgage obligations: Agency $ 120,567 $ 1,243 $ (518 ) $ 121,292 Private-label 986 218 - 1,204 Total $ 121,553 $ 1,461 $ (518 ) $ 122,496 Amortized Gross Gross Fair (Dollars in Thousands) June 30, 2017 HELD TO MATURITY Collateralized mortgage obligations: Agency $ 128,201 $ 1,076 $ (437 ) $ 128,840 Private-label 1,120 221 - 1,341 Total $ 129,321 $ 1,297 $ (437 ) $ 130,181
Schedule of Mortgage-Backed Securities by Contractual Maturity	Due in Due after Due after Due after Total (Dollars in Thousands) HELD TO MATURITY Amortized cost $ - $ - $ 226 $ 121,327 $ 121,553 Fair value - - 231 122,265 122,496

ACCUMULATED OTHER COMPREHENSI24

ACCUMULATED OTHER COMPREHENSIVE LOSS (Tables)	6 Months Ended
	Dec. 31, 2017
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]
Schedule of Changes in Accumulated Other Comprehensive loss	The following tables present the changes in accumulated other comprehensive loss by component, for the three and six months ended December 31, 2017 and 2016. Three Months Ended December 31, 2017 (Dollars in Thousands – net of tax) Unrealized Gains Available-for-Sale Unrealized Gains Held-to-Maturity Total Beginning Balance – September 30, 2017 $ 91 $ (186 ) $ (95 ) Other comprehensive income (loss) before reclassifications 33 (16 ) 17 Amounts reclassified from accumulated other comprehensive income (loss) 24 (39 ) (15 ) Net current-period other comprehensive income (loss) 57 (55 ) 2 Ending Balance – December 31, 2017 $ 148 $ (241 ) $ (93 ) Six Months Ended December 31, 2017 (Dollars in Thousands – net of tax) Unrealized Gains Available-for-Sale Unrealized Gains Held-to-Maturity Total Beginning Balance – June 30, 2017 $ 44 $ (232 ) $ (188 ) Other comprehensive income (loss) before reclassifications 80 30 110 Amounts reclassified from accumulated other comprehensive income (loss) 24 (39 ) (15 ) Net current-period other comprehensive income (loss) 104 (9 ) 95 Ending Balance – December 31, 2017 $ 148 $ (241 ) $ (93 ) Three Months Ended December 31, 2016 (Dollars in Thousands – net of tax) Unrealized Gains Available-for-Sale Unrealized Gains Held-to-Maturity Total Beginning Balance – September 30, 2016 $ 25 $ (294 ) $ (269 ) Other comprehensive income (loss) before reclassifications (38 ) 22 (16 ) Amounts reclassified from accumulated other comprehensive income (loss) - - - Net current-period other comprehensive income (loss) (38 ) 22 (16 ) Ending Balance – December 31, 2016 $ (13 ) $ (272 ) $ (285 ) Six Months Ended December 31, 2016 (Dollars in Thousands – net of tax) Unrealized Gains Available-for-Sale Unrealized Gains Held-to-Maturity Total Beginning Balance – June 30, 2016 $ 78 $ (316 ) $ (238 ) Other comprehensive income (loss) before reclassifications (91 ) 44 (47 ) Amounts reclassified from accumulated other comprehensive income (loss) - - - Net current-period other comprehensive income (loss) (91 ) 44 (47 ) Ending Balance – December 31, 2016 $ (13 ) $ (272 ) $ (285 )

UNREALIZED LOSSES ON SECURITI25

UNREALIZED LOSSES ON SECURITIES (Tables)	6 Months Ended
	Dec. 31, 2017
Unrealized Gain (Loss) on Marketable Securities, Cost Method Investments, and Other Investments [Abstract]
Schedule of Gross Unrealized Losses and Fair Value	The following tables 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 December 31, 2017 and June 30, 2017. December 31, 2017 Less Than Twelve Months Twelve Months or Greater Total Fair Gross Fair Gross Fair Gross (Dollars in Thousands) Corporate debt securities $ 40,483 $ (96 ) $ 994 $ (2 ) $ 41,477 $ (98 ) Foreign Debt Securities 4 3,013 (2 ) - - 3,013 (2 ) Obligations of state and political subdivision 2,365 (15 ) - - 2,365 (15 ) Collateralized mortgage obligations: Agency 22,552 (44 ) 21,589 (474 ) 44,141 (518 ) Total $ 68,413 $ (157 ) $ 22,583 $ (476 ) $ 90,996 $ (633 ) June 30, 2017 Less Than Twelve Months Twelve Months or Greater Total Fair Gross Fair Gross Fair Gross (Dollars in Thousands) Corporate debt securities $ 37,965 $ (83 ) $ 994 $ (1 ) $ 38,959 $ (84 ) Obligations of states and political subdivisions 1,827 (4 ) - - 1,827 (4 ) Collateralized mortgage obligations: Agency 23,724 (69 ) 22,949 (368 ) 46,673 (437 ) Total $ 63,516 $ (156 ) $ 23,943 $ (369 ) $ 87,459 $ (525 )
Schedule of Changes in the Credit Loss	Three Months Ended Six Months Ended 2017 2016 2017 2016 (Dollars in Thousands) Beginning balance $ 258 $ 292 $ 259 $ 299 Initial credit impairment - - - - Subsequent credit impairment - - 8 - Reductions for amounts recognized in earnings due to intent or requirement to sell - - - - Reductions for securities sold - - - - Reduction for actual realized losses (10 ) (13 ) (19 ) (20 ) Reduction for increase in cash flows expected to be collected - - - - Ending Balance $ 248 $ 279 $ 248 $ 279

LOANS AND RELATED ALLOWANCE F26

LOANS AND RELATED ALLOWANCE FOR LOAN LOSSES (Tables)	6 Months Ended
	Dec. 31, 2017
Receivables [Abstract]
Schedule of Primary Segments of Loan Portfolio	The following table summarizes the primary segments of the loan portfolio as of December 31, 2017 and June 30, 2017. December 31, 2017 June 30, 2017 Total Loans Individually evaluated Collectively Total Loans Individually evaluated Collectively for impairment (Dollars in Thousands) First mortgage loans: 1 – 4 family dwellings $ 70,251 $ - $ 70,251 $ 65,153 $ - $ 65,153 Construction 1,823 - 1,823 1,866 - 1,866 Land acquisition & development 48 - 48 462 - 462 Multi-family dwellings 3,521 - 3,521 3,653 - 3,653 Commercial 2,028 - 2,028 2,033 - 2,033 Consumer Loans Home equity 934 - 934 1,017 - 1,017 Home equity lines of credit 2,329 - 2,329 2,275 - 2,275 Other 146 - 146 139 - 139 Commercial Loans 734 - 734 841 - 841 $ 81,814 $ - $ 81,814 $ 77,439 $ - $ 77,439 Plus: Deferred loan costs 460 434 Allowance for loan losses (430 ) (418 ) Total $ 81,844 $ 77,455
Schedule of Nonaccrual Loans	Total nonaccrual loans as of December 31, 2017 and June 30, 2017 and the related interest income recognized for the three and six months ended December 31, 2017 and December 31, 2016 are as follows: December 31, June 30, (Dollars in Thousands) Principal outstanding 1 – 4 family dwellings $ 242 $ 246 Construction - - Land acquisition & development - - Commercial real estate - - Home equity lines of credit - - Total $ 242 $ 246 Three Months Ended Six Months Ended December 31, December 31, December 31, December 31, (Dollars in Thousands) Average nonaccrual loans 1 – 4 family dwellings $ 243 $ 251 $ 244 $ 252 Construction - - - - Land acquisition & development - - - - Commercial real estate - - - - Home equity lines of credit - - - - Total $ 243 $ 251 $ 244 $ 252 Income that would have been recognized $ 4 $ 5 $ 9 $ 8 Interest income recognized $ 5 $ 5 $ 11 $ 9
Schedule of Loan Portfolio by Aging Categories	The following tables present the classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans as of December 31, 2017 and June 30, 2017: Current 30 – 59 60 – 89 90 Days + 90 Days + Non-accrual Total Total (Dollars in Thousands) December 31, 2017 First mortgage loans: 1 – 4 family dwellings $ 70,009 $ - $ - $ - $ 242 $ 242 $ 70,251 Construction 1,823 - - - - - 1,823 Land acquisition & development 48 - - - - - 48 Multi-family dwellings 3,521 - - - - - 3,521 Commercial 2,028 - - - - - 2,028 Consumer Loans: Home equity 934 - - - - - 934 Home equity lines of credit 2,329 - - - - - 2,329 Other 146 - - - - - 146 Commercial Loans 734 - - - - - 734 $ 81,572 $ - $ - $ - $ 242 $ 242 81,814 Plus: Deferred loan fees 460 Allowance for loan losses (430 ) Net Loans Receivable $ 81,844 Current 30 – 59 60 – 89 90 Days + 90 Days + Non-accrual Total Total (Dollars in Thousands) June 30, 2017 First mortgage loans: 1 – 4 family dwellings $ 64,907 $ - $ - $ - $ 246 $ 246 $ 65,153 Construction 1,866 - - - - - 1,866 Land acquisition & development 462 - - - - - 462 Multi-family dwellings 3,653 - - - - - 3,653 Commercial 2,033 - - - - - 2,033 Consumer Loans: Home equity 1,017 - - - - - 1,017 Home equity lines of credit 2,275 - - - - - 2,275 Other 139 - - - - - 139 Commercial Loans 841 - - - - - 841 $ 77,193 $ - $ - $ - $ 246 $ 246 77,439 Plus: Deferred loan fees 434 Allowance for loan losses (418 ) Net Loans Receivable $ 77,455
Schedule of Loans by Internal Classification	The following tables present 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 December 31, 2017 and June 30, 2017. December 31, 2017 (Dollars in Thousands) Construction Land Acquisition & Development Loans Multi- Residential Commercial Estate Commercial Pass $ 1,823 $ 48 $ 3,521 $ 2,028 $ 734 Special Mention - - - - - Substandard - - - - - Doubtful - - - - - Ending Balance $ 1,823 $ 48 $ 3,521 $ 2,028 $ 734 June 30, 2017 (Dollars in Thousands) Construction Land Acquisition & Development Loans Multi-family Residential Commercial Estate Commercial Pass $ 1,866 $ 462 $ 3,653 $ 2,033 $ 841 Special Mention - - - - - Substandard - - - - - Doubtful - - - - - Ending Balance $ 1,866 $ 462 $ 3,653 $ 2,033 $ 841
Schedule of Performing and Non-Performing Loans	The following table presents performing and non-performing December 31, 2017 1 – 4 Family Consumer (Dollars in Thousands) Performing $ 70,009 $ 3,409 Non-performing 242 - Total $ 70,251 $ 3,409 June 30, 2017 1 – 4 Family Consumer (Dollars in Thousands) Performing $ 64,907 $ 3,431 Non-performing 246 - Total $ 65,153 $ 3,431
Schedule of Primary Segments of Allowance for Loan Losses	The following tables 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 December 31, 2017 and 2016. Activity in the allowance is presented for the three and six months ended December 31, 2017 and 2016. As of December 31, 2017 First Mortgage Loans 1 – 4 Construction Land Multi- Commercial Consumer Commercial Total (Dollars in Thousands) Beginning ALLL Balance at September 30, 2017 $ 311 $ 32 $ 2 $ 20 $ 21 $ 34 $ 3 $ 423 Charge-offs - - - - - - - - Recoveries - - - - - - - - Provisions 15 (6 ) (2 ) (1 ) (1 ) - 1 6 Ending ALLL Balance at December 31, 2017 $ 326 $ 26 $ - $ 19 $ 20 $ 34 $ 4 $ 429 Individually evaluated for impairment $ - $ - $ - $ - $ - $ - $ - $ - Collectively evaluated for impairment 326 26 - 19 20 34 4 429 $ 326 $ 26 $ - $ 19 $ 20 $ 34 $ 4 $ 429 As of December 31, 2017 First Mortgage Loans 1 – 4 Construction Land Multi- Commercial Consumer Commercial Total (Dollars in Thousands) Beginning ALLL Balance at June 30, 2017 $ 305 $ 30 $ 5 $ 20 $ 20 $ 34 $ 4 $ 418 Charge-offs - - - - - - - - Recoveries - - - - - - - - Provisions 22 (4 ) (5 ) (1 ) - - - 12 Ending ALLL Balance at December 31, 2017 $ 327 $ 26 $ - $ 19 $ 20 $ 34 $ 4 $ 430 Individually evaluated for impairment $ - $ - $ - $ - $ - $ - $ - $ - Collectively evaluated for impairment 327 26 - 19 20 34 4 430 $ 327 $ 26 $ - $ 19 $ 20 $ 34 $ 4 $ 430 As of December 31, 2016 First Mortgage Loans 1 – 4 Construction Land Multi- Commercial Consumer Commercial Total (Dollars in Thousands) Beginning ALLL Balance at September 30, 2016 $ 256 $ 46 $ 7 $ 21 $ 17 $ 24 $ 5 $ 376 Charge-offs - - - - - - - - Recoveries - - - - - - - - Provisions 5 5 - - - 9 - 19 Ending ALLL Balance at December 31, 2016 $ 261 $ 51 $ 7 $ 21 $ 17 $ 33 $ 5 $ 395 Individually evaluated for impairment $ - $ - $ - $ - $ - $ - $ - $ - Collectively evaluated for impairment 261 51 7 21 17 33 5 395 $ 261 $ 51 $ 7 $ 21 $ 17 $ 33 $ 5 $ 395 As of December 31, 2016 First Mortgage Loans 1 – 4 Construction Land Multi- Commercial Consumer Commercial Total (Dollars in Thousands) Beginning ALLL Balance at June 30, 2016 $ 222 $ 57 $ 7 $ 22 $ 16 $ 29 $ 7 $ 360 Charge-offs - - - - - - - - Recoveries - - - - - - - - Provisions 39 (6 ) - (1 ) 1 4 (2 ) 35 Ending ALLL Balance at December 31, 2016 $ 261 $ 51 $ 7 $ 21 $ 17 $ 33 $ 5 $ 395 Individually evaluated for impairment $ - $ - $ - $ - $ - $ - $ - $ - Collectively evaluated for impairment 261 51 7 21 17 33 5 395 $ 261 $ 51 $ 7 $ 21 $ 17 $ 33 $ 5 $ 395

FEDERAL HOME LOAN BANK (FHLB)27

FEDERAL HOME LOAN BANK (FHLB) ADVANCES (Tables)	6 Months Ended
	Dec. 31, 2017
Federal Home Loan Bank, Advances, General Debt Obligations, Disclosures [Abstract]
Schedule of Contractual Maturities of Federal Home Loan Bank Long-Term Advances	The following table presents contractual maturities of FHLB long-term advances as of December 31, 2017 and June 30, 2017. Maturity range Weighted- Stated interest December 31, June 30, Description from to interest rate 5 from to 2017 2017 (Dollars in Thousands) Convertible 07/27/17 07/27/17 4.26% 4.26 % 4.26 % $ - $ 10,000 Adjustable 08/11/17 09/01/17 1.25% 1.23 % 1.27 % - 6,109 Total $ - $ 16,109
Maturities of Federal Home Loan Bank Long-Term Advances	The following table presents information regarding such advances as of December 31, 2017 and June 30, 2017: December 31, June 30, (Dollars in Thousands) FHLB revolving and short-term advances: Ending balance $ 176,405 $ 155,799 Average balance 163,931 144,258 Maximum month-end 177,805 155,799 Average interest rate 1.36 % 0.78 % Weighted-average rate 1.54 % 1.24 %

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	6 Months Ended
	Dec. 31, 2017
Fair Value Disclosures [Abstract]
Assets Measured at Fair Value on a Recurring Basis	The following tables present the assets reported on a recurring basis on the Consolidated Balance Sheet at their fair value as of December 31, 2017 and June 30, 2017, 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. December 31, 2017 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 $ - $ 1,618 $ - $ 1,618 Corporate securities - 92,749 - 92,749 Foreign debt securities 6 - 25,192 - 25,192 $ - $ 119,559 $ - $ 119,559 June 30, 2017 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 $ - $ 1,327 $ - $ 1,327 Corporate securities - 92,636 - 92,636 Foreign debt securities 6 - 14,486 - 14,486 $ - $ 108,449 $ - $ 108,449 6

FAIR VALUE OF FINANCIAL INSTR29

FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)	6 Months Ended
	Dec. 31, 2017
FAIR VALUE OF FINANCIAL INSTRUMENTS [Abstract]
Schedule of Carrying Amounts and Fair Values of Financial Instruments	The carrying amounts and estimated fair values are as follows: December 31, 2017 Carrying Fair Level I Level II Level III (Dollars in Thousands) FINANCIAL ASSETS Cash and cash equivalents $ 8,521 $ 8,521 $ 8,521 $ - $ - Certificates of deposit 3,624 3,624 3,624 - - Investment securities – available for sale 119,559 119,559 - 119,559 - Investment securities – held to maturity 6,639 6,687 - 6,687 - Mortgage-backed securities – held to maturity: Agency 120,567 121,292 - 121,292 - Private-label 986 1,204 - - 1,204 Net loans receivable 81,844 81,400 - - 81,400 Accrued interest receivable 1,137 1,137 1,137 - - FHLB stock 7,234 7,234 7,234 - - Bank owned life insurance 4,605 4,605 4,605 - - FINANCIAL LIABILITIES Deposits: Non-interest $ 18,500 $ 18,500 $ 18,500 $ - $ - NOW accounts 23,645 23,645 23,645 - - Savings accounts 44,670 44,670 44,670 - - Money market accounts 21,975 21,975 21,975 - - Certificates of deposit 33,689 33,467 - - 33,467 Advance payments by borrowers for taxes and insurance 1,370 1,370 1,370 - - FHLB short-term advances 176,405 176,405 176,405 - - Accrued interest payable 246 246 246 - - June 30, 2017 Carrying Fair Level I Level II Level III (Dollars in Thousands) FINANCIAL ASSETS Cash and cash equivalents $ 2,272 $ 2,272 $ 2,272 $ - $ - Certificates of deposit 10,380 10,380 10,380 - - Investment securities – available for sale 108,449 108,449 - 108,449 - Investment securities – held to maturity 8,678 8,815 - 8,815 - Mortgage-backed securities – held to maturity: Agency 128,201 128,840 - 128,840 - Private-label 1,120 1,341 - - 1,341 Net loans receivable 77,455 77,224 - - 77,224 Accrued interest receivable 1,206 1,206 1,206 - - FHLB stock 7,062 7,062 7,062 - - Bank owned life insurance 4,541 4,541 4,541 - - FINANCIAL LIABILITIES Deposits: Non-interest $ 19,396 $ 19,396 $ 19,396 $ - $ - NOW accounts 23,787 23,787 23,787 - - Savings accounts 45,524 45,524 45,524 - - Money market accounts 22,484 22,484 22,484 - - Certificates of deposit 32,313 32,147 - - 32,147 Advance payments by borrowers for taxes and insurance 1,785 1,785 1,785 - - FHLB long-term advances – fixed rate 10,000 10,000 - - 10,000 FHLB long-term advances- variable rate 6,109 6,109 6,109 - - FHLB short-term advances 155,799 155,799 155,799 - - Accrued interest payable 247 247 247 - -

EARNINGS PER SHARE (Schedule of

EARNINGS PER SHARE (Schedule of Basic and Diluted Earnings per Share) (Details) - shares	3 Months Ended		6 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2017	Dec. 31, 2016
EARNINGS PER SHARE:
Weighted average common shares issued	3,805,636	3,805,636	3,805,636	3,805,636
Average treasury stock shares	(1,797,492)	(1,797,492)	(1,797,492)	(1,793,768)
Average unallocated ESOP shares	(181,564)	(127,058)	(182,415)	(133,245)
Weighted average common shares and common stock equivalents used to calculate basic earnings per share	1,826,580	1,881,086	1,825,729	1,878,623
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	1,826,580	1,881,086	1,825,729	1,878,623

EARNINGS PER SHARE (Narrative)

EARNINGS PER SHARE (Narrative) (Details) - Employee Stock Option [Member] - $ / shares	6 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
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 DISC32

STOCK BASED COMPENSATION DISCLOSURE (Details) $ in Thousands	6 Months Ended
	Dec. 31, 2017USD ($)shares
Disclosure of Compensation Related Costs, Share-based Payments [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
Share-based compensation | $	$ 0

INVESTMENT SECURITIES (Schedule

INVESTMENT SECURITIES (Schedule of Amortized Cost and Fair Values of Investments) (Details) - USD ($) $ in Thousands		Dec. 31, 2017	Jun. 30, 2017
AVAILABLE FOR SALE
Amortized Cost		$ 119,371	$ 108,380
Gross Unrealized Gains		300	156
Gross Unrealized Losses		(112)	(87)
Fair Value		119,559	108,449
HELD TO MATURITY
Amortized Cost		6,639	8,678
Gross Unrealized Gains		51	138
Gross Unrealized Losses		(3)	(1)
Fair Value		6,687	8,815
U.S. Government Agency Securities [Member]
HELD TO MATURITY
Amortized Cost		625	625
Gross Unrealized Gains		3	6
Gross Unrealized Losses
Fair Value		628	631
Corporate Debt Securities [Member]
AVAILABLE FOR SALE
Amortized Cost		92,570	92,576
Gross Unrealized Gains		277	144
Gross Unrealized Losses		(98)	(84)
Fair Value		92,749	92,636
HELD TO MATURITY
Amortized Cost		1,519	2,698
Gross Unrealized Gains		39	91
Gross Unrealized Losses
Fair Value		1,558	2,789
Foreign Debt Securities [Member]
AVAILABLE FOR SALE
Amortized Cost	[1]	25,171	14,474
Gross Unrealized Gains	[1]	23	12
Gross Unrealized Losses	[1]	(2)
Fair Value	[1]	25,192	14,486
Obligations of States and Political Subdivisions [Member]
AVAILABLE FOR SALE
Amortized Cost		1,630	1,330
Gross Unrealized Gains
Gross Unrealized Losses		(12)	(3)
Fair Value		1,618	1,327
HELD TO MATURITY
Amortized Cost		4,495	5,355	[1]
Gross Unrealized Gains		9	41	[1]
Gross Unrealized Losses		(3)	(1)	[1]
Fair Value		$ 4,501	$ 5,395	[1]
[1]	U.S. dollar denominated investment-grade corporate bonds of large foreign corporate issuers.

INVESTMENT SECURITIES (Schedu34

INVESTMENT SECURITIES (Schedule of Investments by Contractual Maturity) (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Jun. 30, 2017
AVAILABLE FOR SALE, Amortized cost
Due in one year or less	$ 49,148
Due after one through five years	54,623
Due after five through ten years	15,600
Due after ten years
Total	119,371
AVAILABLE FOR SALE, Fair value
Due in one year or less	49,136
Due after one through five years	54,783
Due after five through ten years	15,640
Due after ten years
Total	119,559
HELD TO MATURITY, Amortized cost
Due in one year or less	2,019
Due after one through five years	2,975
Due after five through ten years	1,645
Due after ten years
Total	6,639	$ 8,678
HELD TO MATURITY, Fair value
Due in one year or less	2,060
Due after one through five years	2,978
Due after five through ten years	1,649
Due after ten years
Total	$ 6,687	$ 8,815

INVESTMENT SECURITIES (Narrativ

INVESTMENT SECURITIES (Narrative) (Details) - USD ($) $ in Thousands	6 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Sale of investment securities	$ 0	$ 0
Pledged for FHLB [Member]
Investment securities pledged as collateral	4,100
Investment securities pledged as collateral, fair value	4,100
Pledged for Federal Reserve Bank [Member]
Investment securities pledged as collateral	1,900
Investment securities pledged as collateral, fair value	$ 1,900

MORTGAGE-BACKED SECURITIES (Nar

MORTGAGE-BACKED SECURITIES (Narrative) (Details) - USD ($) $ in Thousands	6 Months Ended
	Dec. 31, 2017	Jun. 30, 2017
Schedule of Held-to-maturity Securities [Line Items]
Investment securities - held to maturity	$ 6,639	$ 8,678
Accretion of other comprehensive loss on other-than-temporarily impaired securities held to maturity	45
Agency [Member]
Schedule of Held-to-maturity Securities [Line Items]
Investment securities - held to maturity	120,567	128,201
Private-label [Member]
Schedule of Held-to-maturity Securities [Line Items]
Investment securities - held to maturity	986	1,120
Decrease in mortgage-backed securities	174
Collateralized Mortgage Obligations [Member]
Schedule of Held-to-maturity Securities [Line Items]
Investment securities - held to maturity	121,553	129,321
Decrease in mortgage-backed securities	7,600
MBS comprised of adjustable or floating rate investments	38
Mortgage-backed securities pledged as collateral	120,600	128,200
Mortgage-backed securities pledged as collateral, fair value	121,300	128,800
Mortgage-backed securities pledged as collateral, excess collateral	8,500	$ 16,700
Additional credit impairment charge on its private-label CMO portfolio	$ 8

MORTGAGE-BACKED SECURITIES (Sch

MORTGAGE-BACKED SECURITIES (Schedule of Information Relating To Private Label CMO Portfolio) (Details) - USD ($) $ in Thousands		6 Months Ended
		Dec. 31, 2017		Jun. 30, 2017
Schedule of Held-to-maturity Securities [Line Items]
Investment securities - held to maturity		$ 6,639		$ 8,678
Investment securities held-to-maturity, fair value		6,687		8,815
Private-label [Member]
Schedule of Held-to-maturity Securities [Line Items]
Investment securities - held to maturity		986		1,120
Investment securities held-to-maturity, fair value		1,204	[1]	$ 1,341
Life to date impairment recorded in earnings		$ 363
Private-label [Member] | Cusip No. 126694CP1 [Member]
Schedule of Held-to-maturity Securities [Line Items]
S&P Rating		N/A
Moody's Rating		Caa2
Fitch Rating		D
Investment securities - held to maturity		$ 534
Investment securities held-to-maturity, fair value	[1]	692
Life to date impairment recorded in earnings		$ 201
Private-label [Member] | Cusip No. 126694KF4 [Member]
Schedule of Held-to-maturity Securities [Line Items]
S&P Rating		D
Moody's Rating		N/A
Fitch Rating		D
Investment securities - held to maturity		$ 224
Investment securities held-to-maturity, fair value	[1]	256
Life to date impairment recorded in earnings		$ 42
Private-label [Member] | Cusip No. 126694KF4 [Member]
Schedule of Held-to-maturity Securities [Line Items]
S&P Rating		D
Moody's Rating		N/A
Fitch Rating		D
Investment securities - held to maturity		$ 112
Investment securities held-to-maturity, fair value	[1]	128
Life to date impairment recorded in earnings		$ 84
Private-label [Member] | Cusip No. 126694MP0 [Member]
Schedule of Held-to-maturity Securities [Line Items]
S&P Rating		D
Moody's Rating		N/A
Fitch Rating		D
Investment securities - held to maturity		$ 116
Investment securities held-to-maturity, fair value	[1]	128
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 (S38

MORTGAGE-BACKED SECURITIES (Schedule of Amortized Cost and Fair Values of Mortgage-Backed Securities) (Details) - USD ($) $ in Thousands	Dec. 31, 2017		Jun. 30, 2017
HELD TO MATURITY
Amortized Cost	$ 6,639		$ 8,678
Gross Unrealized Gains	51		138
Gross Unrealized Losses	(3)		(1)
Fair Value	6,687		8,815
Agency [Member]
HELD TO MATURITY
Amortized Cost	120,567		128,201
Gross Unrealized Gains	1,243		1,076
Gross Unrealized Losses	(518)		(437)
Fair Value	121,292		128,840
Private-label [Member]
HELD TO MATURITY
Amortized Cost	986		1,120
Gross Unrealized Gains	218		221
Gross Unrealized Losses
Fair Value	1,204	[1]	1,341
Collateralized Mortgage Obligations [Member]
HELD TO MATURITY
Amortized Cost	121,553		129,321
Gross Unrealized Gains	1,461		1,297
Gross Unrealized Losses	(518)		(437)
Fair Value	$ 122,496		$ 130,181
[1]	Fair value estimate provided by the Company's independent third party valuation consultant.

MORTGAGE-BACKED SECURITIES (S39

MORTGAGE-BACKED SECURITIES (Schedule of Mortgage-Backed Securities by Contractual Maturity) (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Jun. 30, 2017
Amortized cost
Due in one year or less	$ 2,019
Due after one through five years	2,975
Due after five through ten years	1,645
Due after ten years
Total	6,639	$ 8,678
Fair value
Due in one year or less	2,060
Due after one through five years	2,978
Due after five through ten years	1,649
Due after ten years
Total	6,687	8,815
Collateralized Mortgage Obligations [Member]
Amortized cost
Due in one year or less
Due after one through five years
Due after five through ten years	226
Due after ten years	121,327
Total	121,553	129,321
Fair value
Due in one year or less
Due after one through five years
Due after five through ten years	231
Due after ten years	122,265
Total	$ 122,496	$ 130,181

ACCUMULATED OTHER COMPREHENSI40

ACCUMULATED OTHER COMPREHENSIVE LOSS (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2017	Dec. 31, 2016
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	$ (95)	$ (269)	$ (188)	$ (238)
Other comprehensive income (loss) before reclassifications	17	(16)	110	(47)
Amounts reclassified from accumulated other comprehensive income (loss)	(15)		(15)
Net current-period other comprehensive income (loss)	2	(16)	110	(47)
Ending Balance	(93)	(285)	(93)	(285)
Unrealized Gains and Losses on Available-for-Sale Securities
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	91	25	44	78
Other comprehensive income (loss) before reclassifications	33	(38)	80	(91)
Amounts reclassified from accumulated other comprehensive income (loss)	24		24
Net current-period other comprehensive income (loss)	57	(38)	104	(91)
Ending Balance	148	(13)	148	(13)
Unrealized Gains and Losses on Held-to-Maturity Securities
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	(186)	(294)	(232)	(316)
Other comprehensive income (loss) before reclassifications	(16)	22	30	44
Amounts reclassified from accumulated other comprehensive income (loss)	(39)		(39)
Net current-period other comprehensive income (loss)	(55)	22	(9)	44
Ending Balance	$ (241)	$ (272)	$ (241)	$ (272)

UNREALIZED LOSSES ON SECURITI41

UNREALIZED LOSSES ON SECURITIES (Schedule of Gross Unrealized Losses and Fair Value) (Details) - USD ($) $ in Thousands		Dec. 31, 2017	Jun. 30, 2017
Schedule of Investment Securities [Line Items]
Fair Value		$ 68,413	$ 63,516
Gross Unrealized Losses		(157)	(156)
Twelve Months or Greater
Fair Value		22,583	23,943
Gross Unrealized Losses		(476)	(369)
Total
Fair Value		90,996	87,459
Gross Unrealized Losses		(633)	(525)
Agency [Member]
Schedule of Investment Securities [Line Items]
Fair Value		22,552	23,724
Gross Unrealized Losses		(44)	(69)
Twelve Months or Greater
Fair Value		21,589	22,949
Gross Unrealized Losses		(474)	(368)
Total
Fair Value		44,141	46,673
Gross Unrealized Losses		(518)	(437)
Corporate Debt Securities [Member]
Schedule of Investment Securities [Line Items]
Fair Value		40,483	37,965
Gross Unrealized Losses		(96)	(83)
Twelve Months or Greater
Fair Value		994	994
Gross Unrealized Losses		(2)	(1)
Total
Fair Value		41,477	38,959
Gross Unrealized Losses		(98)	(84)
Foreign Debt Securities [Member]
Schedule of Investment Securities [Line Items]
Fair Value	[1]	3,013
Gross Unrealized Losses	[1]	(2)
Twelve Months or Greater
Fair Value	[1]
Gross Unrealized Losses	[1]
Total
Fair Value	[1]	3,013
Gross Unrealized Losses	[1]	(2)
Obligations of state and political subdivision [Member]
Schedule of Investment Securities [Line Items]
Fair Value		2,365	1,827
Gross Unrealized Losses		(15)	(4)
Twelve Months or Greater
Fair Value
Gross Unrealized Losses
Total
Fair Value		2,365	1,827
Gross Unrealized Losses		$ (15)	$ (4)
[1]	As of June 30, 2017.

UNREALIZED LOSSES ON SECURITI42

UNREALIZED LOSSES ON SECURITIES (Schedule of Changes in the Credit Loss) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2017	Dec. 31, 2016
Changes in the credit loss component of credit impaired mortgage-backed securities:
Beginning balance	$ 258	$ 292	$ 259	$ 299
Initial credit impairment
Subsequent credit impairment			8
Reductions for amounts recognized in earnings due to intent or requirement to sell
Reductions for securities sold
Reduction for actual realized losses	(10)	(13)	(19)	(20)
Reduction for increase in cash flows expected to be collected
Ending Balance	$ 248	$ 279	$ 248	$ 279

UNREALIZED LOSSES ON SECURITI43

UNREALIZED LOSSES ON SECURITIES (Narrative) (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2017USD ($)	Dec. 31, 2016USD ($)	Dec. 31, 2017USD ($)	Dec. 31, 2016USD ($)
Schedule of Investment Securities [Line Items]
Net accretion	$ (16)		$ 30
Less: Income tax effect	$ (8)	$ 15	$ 15	$ 26
Private-label [Member]
Schedule of Investment Securities [Line Items]
Number of positions that are impaired	49		49

LOANS AND RELATED ALLOWANCE F44

LOANS AND RELATED ALLOWANCE FOR LOAN LOSSES (Schedule of Primary Segments of Loan Portfolio) (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Jun. 30, 2017
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	$ 81,814	$ 77,439
Individually evaluated for impairment
Collectively evaluated for impairment	81,814	77,439
Plus: Deferred loan costs	460	434
Allowance for loan losses	(430)	(418)
Net Loans Receivable	81,844	77,455
First Mortgage Loans One To Four Family Dwellings [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	70,251	65,153
Individually evaluated for impairment
Collectively evaluated for impairment	70,251	65,153
First Mortgage Loans Construction [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	1,823	1,866
Individually evaluated for impairment
Collectively evaluated for impairment	1,823	1,866
First Mortgage Loans Land Acquisition And Development [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	48	462
Individually evaluated for impairment
Collectively evaluated for impairment	48	462
First Mortgage Loans Multifamily Dwellings [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	3,521	3,653
Individually evaluated for impairment
Collectively evaluated for impairment	3,521	3,653
First Mortgage Loans Commercial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	2,028	2,033
Individually evaluated for impairment
Collectively evaluated for impairment	2,028	2,033
Consumer Loans Home Equity [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	934	1,017
Individually evaluated for impairment
Collectively evaluated for impairment	934	1,017
Consumer Loans Home Equity Lines Of Credit [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	2,329	2,275
Individually evaluated for impairment
Collectively evaluated for impairment	2,329	2,275
Consumer Loans Other [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	146	139
Individually evaluated for impairment
Collectively evaluated for impairment	146	139
Commercial Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	734	841
Individually evaluated for impairment
Collectively evaluated for impairment	$ 734	$ 841

LOANS AND RELATED ALLOWANCE F45

LOANS AND RELATED ALLOWANCE FOR LOAN LOSSES (Schedule of Nonaccrual Loans) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2017	Dec. 31, 2016	Jun. 30, 2016
Financing Receivable, Impaired [Line Items]
Principal outstanding on nonaccrual loans	$ 242		$ 242		$ 246
Average nonaccrual loans	243	$ 251	244	$ 252
Income that would have been recognized	4	5	9	8
Interest income recognized	5	5	11	9
First Mortgage Loans One To Four Family Dwellings [Member]
Financing Receivable, Impaired [Line Items]
Principal outstanding on nonaccrual loans	242		242		246
Average nonaccrual loans	243	251	244	252
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
Average nonaccrual loans
Consumer Loans Home Equity Lines Of Credit [Member]
Financing Receivable, Impaired [Line Items]
Principal outstanding on nonaccrual loans
Average nonaccrual loans
First Mortgage Loans Commercial [Member]
Financing Receivable, Impaired [Line Items]
Average nonaccrual loans
Consumer Loans Home Equity [Member]
Financing Receivable, Impaired [Line Items]
Average nonaccrual loans

LOANS AND RELATED ALLOWANCE F46

LOANS AND RELATED ALLOWANCE FOR LOAN LOSSES (Schedule of Recorded Investment) (Details) - Troubled Debt Restructurings That Subsequently Defaulted Home Equity Lines Of Credit [Member] - Commercial Real Estate [Member] $ in Thousands	6 Months Ended
	Dec. 31, 2017USD ($)
Financing Receivable, Modifications [Line Items]
Pre-Modification Outstanding Recorded Investment	$ 0
Post-Modification Outstanding Recorded Investment	$ 0

LOANS AND RELATED ALLOWANCE F47

LOANS AND RELATED ALLOWANCE FOR LOAN LOSSES (Schedule of Loan Portfolio by Aging Categories) (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Jun. 30, 2017
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	$ 81,572	$ 77,193
90 Days + Past Due Non-accrual	242	246
Total Past Due	242	246
Total Loans	81,814	77,439
Deferred loan fees	460	434
Allowance for loan losses	(430)	(418)
Net Loans Receivable	81,844	77,455
Financing Receivables, 60 to 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due
Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due
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 Receivable, Recorded Investment, Past Due [Line Items]
Current	146	139
90 Days + Past Due Non-accrual
Total Past Due
Total Loans	146	139
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
Consumer Loans Other [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due
First Mortgage Loans One To Four Family Dwellings [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	70,009	64,907
90 Days + Past Due Non-accrual	242	246
Total Past Due	242	246
Total Loans	70,251	65,153
First Mortgage Loans One To Four 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 One To Four 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 One To Four 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 Construction [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	1,823	1,866
90 Days + Past Due Non-accrual
Total Past Due
Total Loans	1,823	1,866
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 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 Land Acquisition And Development [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	48	462
90 Days + Past Due Non-accrual
Total Past Due
Total Loans	48	462
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 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 Multifamily Dwellings [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	3,521	3,653
90 Days + Past Due Non-accrual
Total Past Due
Total Loans	3,521	3,653
First Mortgage Loans Multifamily 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 Multifamily 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 Multifamily 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 Commercial [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	2,028	2,033
90 Days + Past Due Non-accrual
Total Past Due
Total Loans	2,028	2,033
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
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
Consumer Loans Home Equity [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	934	1,017
90 Days + Past Due Non-accrual
Total Past Due
Total Loans	934	1,017
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 [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due
Commercial Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	734	841
90 Days + Past Due Non-accrual
Total Past Due
Total Loans	734	841
Commercial Loans [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due
Commercial Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due
Commercial Loans [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 Receivable, Recorded Investment, Past Due [Line Items]
Current	2,329	2,275
90 Days + Past Due Non-accrual
Total Past Due
Total Loans	2,329	2,275
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 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

LOANS AND RELATED ALLOWANCE F48

LOANS AND RELATED ALLOWANCE FOR LOAN LOSSES (Schedule of Loans by Internal Classification) (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Jun. 30, 2017
First Mortgage Loans Construction [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable	$ 1,823	$ 1,866
First Mortgage Loans Construction [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable	1,823	1,866
First Mortgage Loans Construction [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable
First Mortgage Loans Construction [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable
First Mortgage Loans Construction [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable
First Mortgage Loans Land Acquisition And Development [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable	48	462
First Mortgage Loans Land Acquisition And Development [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable	48	462
First Mortgage Loans Land Acquisition And Development [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable
First Mortgage Loans Land Acquisition And Development [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable
First Mortgage Loans Land Acquisition And Development [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable
First Mortgage Loans Multifamily Dwellings [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable	3,521	3,653
First Mortgage Loans Multifamily Dwellings [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable	3,521	3,653
First Mortgage Loans Multifamily Dwellings [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable
First Mortgage Loans Multifamily Dwellings [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable
First Mortgage Loans Multifamily Dwellings [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable
First Mortgage Loans Commercial [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable	2,028	2,033
First Mortgage Loans Commercial [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable	2,028	2,033
First Mortgage Loans Commercial [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable
First Mortgage Loans Commercial [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable
First Mortgage Loans Commercial [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable
Commercial Loans [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable	734	841
Commercial Loans [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable	734	841
Commercial Loans [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable
Commercial Loans [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable
Commercial Loans [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable
Obligations Other Than Securities And Leases Of States And Political Subdivisions [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable

LOANS AND RELATED ALLOWANCE F49

LOANS AND RELATED ALLOWANCE FOR LOAN LOSSES (Schedule of Performing and Non-Performing Loans) (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Jun. 30, 2017
First Mortgage Loans One To Four Family Dwellings [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable	$ 70,251	$ 65,153
First Mortgage Loans One To Four Family Dwellings [Member] | Performing Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable	70,009	64,907
First Mortgage Loans One To Four Family Dwellings [Member] | Nonperforming Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable	242	246
Consumer Loan [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable	3,409	3,431
Consumer Loan [Member] | Performing Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable	3,409	3,431
Consumer Loan [Member] | Nonperforming Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans receivable

LOANS AND RELATED ALLOWANCE F50

LOANS AND RELATED ALLOWANCE FOR LOAN LOSSES (Schedule of Primary Segments of Allowance for Loan Losses) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2017	Dec. 31, 2016
Summary of the changes in the allowance for loan losses:
ALLL Balance, Beginning	$ 423	$ 376	$ 418	$ 360
Charge-offs
Recoveries
Provisions	6	18	12	35
ALLL Balance, Ending	430	395	430	395
Individually evaluated for impairment
Collectively evaluated for impairment	430	395	430	395
First Mortgage Loans One To Four Family Dwellings [Member]
Summary of the changes in the allowance for loan losses:
ALLL Balance, Beginning	311	256	305	222
Charge-offs
Recoveries
Provisions	15	5	22	39
ALLL Balance, Ending	327	261	327	261
Individually evaluated for impairment
Collectively evaluated for impairment	327	261	327	261
First Mortgage Loans Construction [Member]
Summary of the changes in the allowance for loan losses:
ALLL Balance, Beginning	32	46	30	72
Charge-offs
Recoveries
Provisions	(6)	5	(4)	12
ALLL Balance, Ending	26	51	26	51
Individually evaluated for impairment
Collectively evaluated for impairment	26	84	26	84
First Mortgage Loans Land Acquisition And Development [Member]
Summary of the changes in the allowance for loan losses:
ALLL Balance, Beginning	2	7	5	7
Charge-offs
Recoveries
Provisions	(2)		(5)	7
ALLL Balance, Ending		7		7
Individually evaluated for impairment
Collectively evaluated for impairment		7		7
First Mortgage Loans Multifamily Dwellings [Member]
Summary of the changes in the allowance for loan losses:
ALLL Balance, Beginning	20	21	20	22
Charge-offs
Recoveries
Provisions	(1)		(1)	(1)
ALLL Balance, Ending	19	21	19	21
Individually evaluated for impairment
Collectively evaluated for impairment	19	21	19	21
First Mortgage Loans Commercial [Member]
Summary of the changes in the allowance for loan losses:
ALLL Balance, Beginning	21	17	20	16
Charge-offs
Recoveries
Provisions	(1)			1
ALLL Balance, Ending	20	17	20	17
Individually evaluated for impairment
Collectively evaluated for impairment	20	17	20	17
Consumer Loans [Member]
Summary of the changes in the allowance for loan losses:
ALLL Balance, Beginning	34	24	34	29
Charge-offs
Recoveries
Provisions		9		4
ALLL Balance, Ending	34	33	34	33
Individually evaluated for impairment
Collectively evaluated for impairment	34	33	34	33
Commercial Loans [Member]
Summary of the changes in the allowance for loan losses:
ALLL Balance, Beginning	3	5	4	7
Charge-offs
Recoveries
Provisions	1			(2)
ALLL Balance, Ending	4	5	4	5
Individually evaluated for impairment
Collectively evaluated for impairment	$ 4	$ 5	$ 4	$ 5

LOANS AND RELATED ALLOWANCE F51

LOANS AND RELATED ALLOWANCE FOR LOAN LOSSES (Schedule of increased ALL reserve factors) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2017	Dec. 31, 2016
Financing Receivable, Allowance for Credit Losses [Line Items]
Increase (decrease) in allowance for credit losses	$ 6	$ 19	$ 12	$ 35

FEDERAL HOME LOAN BANK (FHLB)52

FEDERAL HOME LOAN BANK (FHLB) ADVANCES (Schedule of Contractual Maturities of Federal Home Loan Bank Long-Term Advances) (Details) - USD ($) $ in Thousands		6 Months Ended
		Dec. 31, 2017	Jun. 30, 2017
Debt Instrument [Line Items]
Federal Home Loan Bank advances: long-term			$ 10,000
Convertible Debt [Member]
Debt Instrument [Line Items]
Maturity range, minimum		Jul. 27, 2017
Maturity range, maximum		Jul. 27, 2017
Federal Home Loan Bank advances: long-term			10,000
Convertible Debt [Member] | Weighted Average [Member]
Debt Instrument [Line Items]
Interest rate	[1]	4.26%
Convertible Debt [Member] | Minimum [Member]
Debt Instrument [Line Items]
Interest rate		4.26%
Convertible Debt [Member] | Maximum [Member]
Debt Instrument [Line Items]
Interest rate		4.26%
Adjustable Debt [Member]
Debt Instrument [Line Items]
Maturity range, minimum		Aug. 11, 2017
Maturity range, maximum		Sep. 1, 2017
Federal Home Loan Bank advances: long-term			$ 6,109
Adjustable Debt [Member] | Weighted Average [Member]
Debt Instrument [Line Items]
Interest rate	[1]	1.25%
Adjustable Debt [Member] | Minimum [Member]
Debt Instrument [Line Items]
Interest rate		1.23%
Adjustable Debt [Member] | Maximum [Member]
Debt Instrument [Line Items]
Interest rate		1.27%
[1]	As of June 30, 2017.

FEDERAL HOME LOAN BANK (FHLB)53

FEDERAL HOME LOAN BANK (FHLB) ADVANCES (Schedule of Federal Home Loan Bank Short-Term Advances) (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Dec. 31, 2017	Jun. 30, 2017
Federal Home Loan Bank, Advances [Line Items]
Remaining borrowing capacity	$ 2,100
FHLB revolving and short-term advances:
Ending balance	176,405	$ 155,799
Average balance	163,931	144,258
Maximum month-end balance	$ 177,805	$ 155,799
Average interest rate	1.36%	0.78%
Weighted-average rate	1.54%	1.24%
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%

FAIR VALUE MEASUREMENTS (Assets

FAIR VALUE MEASUREMENTS (Assets Measured at Fair Value on a Recurring and Nonrecurring Basis) (Details) - USD ($) $ in Thousands		Dec. 31, 2017	Jun. 30, 2017
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured on a recurring basis		$ 119,559	$ 108,449
Assets measured on non-recurring basis
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		1,618	1,327
Corporate Debt Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured on a recurring basis		92,749	92,636
Foreign Debt Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured on a recurring basis	[1]	25,192	14,486
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]
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] | 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 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 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured on a recurring basis		119,559	108,449
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		1,618	1,327
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		92,749	92,636
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]	25,192	14,486
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 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
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]
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
[1]	U.S. dollar denominated investment-grade corporate bonds of large foreign corporate issuers.

FAIR VALUE OF FINANCIAL INSTR55

FAIR VALUE OF FINANCIAL INSTRUMENTS (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Jun. 30, 2017	Dec. 31, 2016	Jun. 30, 2016
FINANCIAL ASSETS
Cash and cash equivalents	$ 8,521	$ 2,272	$ 2,386	$ 2,343
Certificates of deposit	3,624	10,380
Investment securities - available for sale	119,559	108,449
Investment securities - held to maturity	6,639	8,678
Mortgage-backed securities - held to maturity	121,553	129,321
Net loans receivable	81,844	77,455
Accrued interest receivable	1,137	1,206
FHLB stock	7,234	7,062
Bank owned life insurance	4,605	4,541
Deposits
Non-interest bearing deposits	18,500	19,396
Savings accounts	44,670	45,524
Money market accounts	21,975	22,484
FHLB long-term advances - fixed rate		10,000
FHLB short-term advances	176,405	155,799
Accrued interest payable	246	247
Agency [Member]
FINANCIAL ASSETS
Investment securities - held to maturity	120,567	128,201
Private-label [Member]
FINANCIAL ASSETS
Investment securities - held to maturity	986	1,120
Fair Value, Inputs, Level 1 [Member]
FINANCIAL ASSETS
Cash and cash equivalents	8,521	2,272
Certificates of deposit	3,624	10,380
Investment securities - available for sale
Investment securities - held to maturity
Net loans receivable
Accrued interest receivable	1,137	1,206
FHLB stock	7,234	7,062
Bank owned life insurance	4,605	4,541
Deposits
Non-interest bearing deposits	18,500	19,396
NOW accounts	23,645	23,787
Savings accounts	44,670	45,524
Money market accounts	21,975	22,484
Certificates of deposit
Advance payments by borrowers for taxes and insurance	1,370	1,785
FHLB long-term advances - fixed rate
FHLB long-term advances - variable rate		6,109
FHLB short-term advances	176,405	155,799
Accrued interest payable	246	247
Fair Value, Inputs, Level 1 [Member] | Agency [Member]
FINANCIAL ASSETS
Mortgage-backed securities - held to maturity
Fair Value, Inputs, Level 1 [Member] | Private-label [Member]
FINANCIAL ASSETS
Mortgage-backed securities - held to maturity
Fair Value, Inputs, Level 2 [Member]
FINANCIAL ASSETS
Cash and cash equivalents
Certificates of deposit
Investment securities - available for sale	119,559	108,449
Investment securities - held to maturity	6,687	8,815
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
FHLB long-term advances - fixed rate
FHLB long-term advances - variable rate
FHLB short-term advances
Accrued interest payable
Fair Value, Inputs, Level 2 [Member] | Agency [Member]
FINANCIAL ASSETS
Mortgage-backed securities - held to maturity	121,292	128,840
Fair Value, Inputs, Level 2 [Member] | Private-label [Member]
FINANCIAL ASSETS
Mortgage-backed securities - held to maturity
Fair Value, Inputs, 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	81,400	77,224
Accrued interest receivable
FHLB stock
Bank owned life insurance
Deposits
Non-interest bearing deposits
NOW accounts
Savings accounts
Money market accounts
Certificates of deposit	33,467	32,147
Advance payments by borrowers for taxes and insurance
FHLB long-term advances - fixed rate		10,000
FHLB long-term advances - variable rate
FHLB short-term advances
Accrued interest payable
Fair Value, Inputs, Level 3 [Member] | Agency [Member]
FINANCIAL ASSETS
Mortgage-backed securities - held to maturity
Fair Value, Inputs, Level 3 [Member] | Private-label [Member]
FINANCIAL ASSETS
Mortgage-backed securities - held to maturity	1,204	1,341
Carrying (Reported) Amount, Fair Value Disclosure [Member]
FINANCIAL ASSETS
Cash and cash equivalents	8,521	2,272
Certificates of deposit	3,624	10,380
Investment securities - available for sale	119,559	108,449
Investment securities - held to maturity	6,687	8,678
Net loans receivable	81,400	77,455
Accrued interest receivable	1,137	1,206
FHLB stock	7,234	7,062
Bank owned life insurance	4,605	4,541
Deposits
Non-interest bearing deposits	18,500	19,396
NOW accounts	23,645	23,787
Savings accounts	44,670	45,524
Money market accounts	21,975	22,484
Certificates of deposit	33,467	32,313
Advance payments by borrowers for taxes and insurance	1,370	1,785
FHLB long-term advances - fixed rate		10,000
FHLB long-term advances - variable rate		6,109
FHLB short-term advances	176,405	155,799
Accrued interest payable	246	247
Carrying (Reported) Amount, Fair Value Disclosure [Member] | Agency [Member]
FINANCIAL ASSETS
Mortgage-backed securities - held to maturity	120,567	128,201
Carrying (Reported) Amount, Fair Value Disclosure [Member] | Private-label [Member]
FINANCIAL ASSETS
Mortgage-backed securities - held to maturity	986	1,120
Estimate of Fair Value Measurement [Member] | Agency [Member]
FINANCIAL ASSETS
Mortgage-backed securities - held to maturity	121,292	128,840
Estimate of Fair Value Measurement [Member] | Private-label [Member]
FINANCIAL ASSETS
Mortgage-backed securities - held to maturity	$ 1,204	$ 1,341