Southern Missouri Bancorp (SMBC) 10-Q 10 May 18 2018 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - $ / shares	May 09, 2018	Mar. 31, 2018
Details
Registrant Name		Southern Missouri Bancorp, Inc.
Registrant CIK		916,907
SEC Form		10-Q
Period End date		Mar. 31, 2018
Fiscal Year End		--06-30
Trading Symbol		SMBC
Tax Identification Number (TIN)		431,665,523
Number of common stock shares outstanding	8,992,584
Filer Category		Accelerated Filer
Current with reporting		Yes
Voluntary filer		No
Well-known Seasoned Issuer		No
Amendment Flag		false
Document Fiscal Year Focus		2,018
Document Fiscal Period Focus		Q3
Entity Incorporation, State Country Name		Missouri
Entity Address, Address Line One		2991 Oak Grove Road
Entity Address, City or Town		Poplar Bluff
Entity Address, State or Province		MO
Entity Address, Postal Zip Code		63,901
City Area Code		573
Local Phone Number		778-1800
Entity Listing, Par Value Per Share	$ 0.01

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2018	Jun. 30, 2017
Details
Cash and cash equivalents	$ 30,781	$ 30,786
Interest-bearing Domestic Deposit, Time Deposits	1,949	747
Available-for-sale Securities	146,127	144,416
Federal Home Loan Bank Stock	4,535	3,547
Federal Reserve Bank Stock	3,196	2,357
Loans Receivable, Net	1,522,445	1,397,730
Interest Receivable	7,128	6,769
Property, Plant and Equipment, Net	55,495	54,167
Bank Owned Life Insurance	37,188	34,329
Goodwill	13,080	8,631
Other Intangible Assets, Net	7,133	6,759
Prepaid Expense and Other Assets	20,736	17,474
Total assets	1,849,793	1,707,712
Liabilities and Stockholders' Equity
Deposits	1,574,337	1,455,597
Securities Sold under Agreements to Repurchase	3,769	10,212
Advances from Federal Home Loan Banks	50,850	43,637
Notes Payable	3,000	3,000
Accounts Payable and Other Accrued Liabilities	5,282	6,417
Interest Payable, Current	1,138	918
Subordinated Debt	14,921	14,848
Total current liabilities	1,653,297	1,534,629
Total liabilities and shareholders' deficit	1,849,793	1,707,712
Common shares	90	86
Additional paid-in capital	83,360	70,101
Retained Earnings, Unappropriated	114,888	102,369
Accumulated Other Comprehensive Income (Loss), Net of Tax	(1,842)	527
Stockholders' Equity Attributable to Parent	$ 196,496	$ 173,083

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets - Parenthetical - USD ($) $ in Thousands	Mar. 31, 2018	Jun. 30, 2017
Details
Loans and Leases Receivable, Allowance	$ 17,263	$ 15,538
Common Stock, Par or Stated Value Per Share	$ 0.01	$ 0.01
Common Stock, Shares Authorized	12,000,000	12,000,000
Common Stock, Shares, Issued	8,993,084	8,591,363

Condensed Consolidated Statemen

Condensed Consolidated Statements of Income - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Mar. 31, 2018	Mar. 31, 2017
Interest and Dividend Income, Operating
Interest and Fee Income, Loans and Leases	$ 18,337	$ 14,067	$ 54,029	$ 42,546
Interest Income, Securities, Operating, Taxable	573	483	1,659	1,489
Interest Income, Securities, Mortgage Backed	453	392	1,297	1,087
Other Interest and Dividend Income	22	13	42	21
Interest and Dividend Income, Operating	19,385	14,955	57,027	45,143
Interest Expense
Interest Expense, Deposits	3,281	2,111	9,169	6,086
Interest Expense, Securities Sold under Agreements to Repurchase	8	25	29	77
Interest Expense, Federal Home Loan Bank and Federal Reserve Bank Advances, Long-term	199	224	709	924
Interest Expense Note Payable	30	0	87	0
Subordinated debt	192	163	552	476
Interest Expense	3,710	2,523	10,546	7,563
Interest Income (Expense), Net	15,675	12,432	46,481	37,580
Provision for Loan and Lease Losses	550	376	2,060	1,957
Interest Income (Expense), after Provision for Loan Loss	15,125	12,056	44,421	35,623
Noninterest Income
Fees and Commissions, Depositor Accounts	1,112	959	3,442	2,853
Interest and Fee Income, Loans, Consumer Installment, Credit Card	948	699	2,722	2,103
Fees and Commissions, Other	92	136	310	321
Bank Servicing Fees	162	67	489	196
Banking Fees and Commissions	544	279	1,174	835
Gain (Loss) on Sales of Loans, Net	196	108	618	621
Bank Owned Life Insurance Income	235	503	702	924
Noninterest Income, Other	327	174	567	346
Noninterest Income	3,870	2,925	10,316	8,199
Net realized gains on sale of AFS securities	254	0	292	0
Noninterest Expense
Employee Benefits and Share-based Compensation	6,040	5,086	17,396	14,386
Occupancy, Net	2,554	2,080	7,241	6,101
Federal Deposit Insurance Corporation Premium Expense	151	172	422	493
Professional Fees	354	260	899	788
Advertising Expense	283	277	885	759
Supplies and Postage Expense	178	155	552	432
Amortization of Intangible Assets	364	228	1,061	684
Bank Card Network Expense	387	271	1,127	824
Other Noninterest Expense	1,616	1,035	3,618	2,960
Noninterest Expense	11,927	9,564	33,201	27,427
Income (Loss) from Continuing Operations before Income Taxes, Domestic	7,068	5,417	21,536	16,395
Income Taxes Paid, Net	1,810	1,463	6,245	4,556
Net Income (Loss) Attributable to Parent	$ 5,258	$ 3,954	$ 15,291	$ 11,839
Basic earnings per common share	$ 0.60	$ 0.53	$ 1.77	$ 1.59
Diluted earnings per common share	0.60	0.53	1.77	1.59
Dividends per common share	$ 0.11	$ 0.10	$ 0.33	$ 0.30

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Mar. 31, 2018	Mar. 31, 2017
Details
Net Income (Loss) Attributable to Parent	$ 5,258	$ 3,954	$ 15,291	$ 11,839
Other Comprehensive Income (Loss), Tax
Available-for-sale Securities, Gross Unrealized Gain	(1,416)	571	(2,754)	(3,060)
Less: reclassification adjustment for realized gains included in net income	254	0	292	0
Other than Temporary Impairment Losses, Investments, Portion Recognized in Earnings, Net, Available-for-sale Securities	(265)	81	(213)	61
Income Tax Expense (Benefit)	465	(241)	890	1,110
Other Comprehensive Income (Loss), Tax	(1,470)	411	(2,369)	(1,889)
Comprehensive Income (Loss), Net of Tax, Attributable to Parent	$ 3,788	$ 4,365	$ 12,922	$ 9,950

Condensed Consolidated Stateme6

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Cash flows from operating activities:
Net Income (Loss) Attributable to Parent	$ 15,291	$ 11,839
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation	2,334	2,241
Gain (Loss) on Disposal of Fixed Assets	(199)	(9)
Stock Option and Stock Grant Expense	221	243
Amortization of Intangible Assets	1,061	684
Amortization of Purchase Accounting Adjustments	(1,353)	(798)
Life Insurance, Corporate or Bank Owned, Change in Value	(702)	(924)
Gain (Loss on Sale of Foreclosed Assets	(83)	(36)
Provision for Loan and Lease Losses	2,060	1,957
Available-for-sale Securities, Gross Realized Gains	(292)	0
Accretion (Amortization) of Discounts and Premiums, Investments	763	781
Payments for Origination of Mortgage Loans Held-for-sale	(21,831)	(24,878)
Proceeds from Sale of Loans Held-for-sale	21,497	25,589
Gain on Sales of Loans Held for Sale	(618)	(621)
Changes in
Increase (Decrease) in Accrued Interest Receivable, Net	67	246
Increase (Decrease) in Prepaid Expense and Other Assets	7,049	1,336
Increase (Decrease) in Accounts Payable and Other Operating Liabilities	(2,953)	(797)
Increase (Decrease) in Deferred Income Taxes	(1,280)	241
Increase (Decrease) in Interest Payable, Net	197	74
Net cash used in operating activities	21,229	17,168
Cash flows from investing activities:
Increase (Decrease) in Other Loans	(58,019)	(92,694)
Net Change Interest-bearing Deposits, Domestic	249	225
Proceeds from Maturities, Prepayments and Calls of Available-for-sale Securities	17,842	18,235
Proceeds from Sale of Available-for-sale Securities	8,166	0
Payments for (Proceeds from) Federal Home Loan Bank Stock	(630)	2,146
Payments for (Proceeds from) Federal Reserve Bank Stock	(839)	(14)
Payments to Acquire Available-for-sale Securities	(25,891)	(26,839)
Payments to Acquire Property, Plant, and Equipment	(1,971)	(1,925)
Net cash paid for acquisitions	(1,501)	0
Investment Tax Credit	(5,086)	(1,661)
Proceeds from Sale of Productive Assets	1,918	11
Proceeds from Sale of Foreclosed Assets	1,088	742
Proceeds from Life Insurance Policy	0	848
Net cash used in investing activities	(64,674)	(100,926)
Cash flows from financing activities:
Increase (Decrease) in Demand Deposits	83,422	94,952
Increase (Decrease) in Time Deposits	(32,830)	56,972
Increase (Decrease) in Federal Funds Purchased and Securities Sold under Agreements to Repurchase, Net	(6,443)	(9,185)
Proceeds from Federal Home Loan Bank Advances	1,372,930	946,455
Repayments of Federal Home Loan Bank Borrowings	(1,370,930)	(1,004,805)
Dividends, Common Stock, Paid-in-kind	(2,837)	(2,236)
Net cash provided by financing activities	43,440	82,214
Common stock issued expense	128	61
Net increase (decrease) in cash	(5)	(1,544)
Cash and cash equivalents	30,786	22,554
Cash and cash equivalents	30,781	21,010
Cash Flow, Noncash Investing and Financing Activities Disclosure
Debt Conversion, Original Debt, Amount	1,694	707
Conversion of Foreclosed Real Estate to Loans	112	95
Conversion of Loans to Repossessed Assets	46	62
Cash Paid During the Period For
Interest Paid, Net	2,331	2,538
Income Taxes Paid	$ 1,080	$ 2,832

Note 1_ Basis of Presentation

Note 1: Basis of Presentation	9 Months Ended
	Mar. 31, 2018
Notes
Note 1: Basis of Presentation	Note 1: Basis of Presentation The accompanying unaudited interim consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial information and with the instructions to Form 10-Q and Rule 10-01 of Securities and Exchange Commission (SEC) Regulation S-X. Accordingly, they do not include all of the information and footnotes required by accounting principles generally accepted in the United States of America for complete financial statements. In the opinion of management, all material adjustments (consisting only of normal recurring accruals) considered necessary for a fair presentation have been included. The consolidated balance sheet of the Company as of June 30, 2017, has been derived from the audited consolidated balance sheet of the Company as of that date. Operating results for the three- and nine- month period ended March 31, 2018, are not necessarily indicative of the results that may be expected for the entire fiscal year. For additional information, refer to the audited consolidated financial statements included in the Company’s June 30, 2017, Form 10-K, which was filed with the SEC. The accompanying consolidated financial statements include the accounts of the Company and its wholly-owned subsidiary, Southern Bank. All significant intercompany accounts and transactions have been eliminated in consolidation.

Note 2_ Organization and Summar

Note 2: Organization and Summary of Significant Accounting Policies	9 Months Ended
	Mar. 31, 2018
Notes
Note 2: Organization and Summary of Significant Accounting Policies	Note 2: Organization and Summary of Significant Accounting Policies Organization. The Bank is primarily engaged in providing a full range of banking and financial services to individuals and corporate customers in its market areas. The Bank and Company are subject to competition from other financial institutions. The Bank and Company are subject to regulation by certain federal and state agencies and undergo periodic examinations by those regulatory authorities. Basis of Financial Statement Presentation. Principles of Consolidation. Use of Estimates. Material estimates that are particularly susceptible to significant change relate to the determination of the allowance for loan losses, estimated fair values of purchased loans, other-than-temporary impairments (OTTI), and fair value of financial instruments. Cash and Cash Equivalents. Interest-bearing Time Deposits. Available for Sale Securities. Premiums and discounts on debt securities are amortized or accreted as adjustments to income over the estimated life of the security using the level yield method. Realized gains or losses on the sale of securities is based on the specific identification method. The fair value of securities is based on quoted market prices or dealer quotes. If a quoted market price is not available, fair value is estimated using quoted market prices for similar securities. The Company does not invest in collateralized mortgage obligations that are considered high risk. When the Company does not intend to sell a debt security, and it is more likely than not the Company will not have to sell the security before recovery of its cost basis, it recognizes the credit component of an other-than-temporary impairment of a debt security in earnings and the remaining portion in other comprehensive income. As a result of this guidance, the Company’s consolidated balance sheet as of the dates presented reflects the full impairment (that is, the difference between the security’s amortized cost basis and fair value) on debt securities that the Company intends to sell or would more likely than not be required to sell before the expected recovery of the amortized cost basis. For available-for-sale debt securities that management has no intent to sell and believes that it more likely than not will not be required to sell prior to recovery, only the credit loss component of the impairment is recognized in earnings, while the noncredit loss is recognized in accumulated other comprehensive loss. The credit loss component recognized in earnings is identified as the amount of principal cash flows not expected to be received over the remaining term of the security as projected based on cash flow projections. Federal Home Loan Bank and Federal Reserve Bank Stock. Loans. Interest on loans is accrued based upon the principal amount outstanding. The accrual of interest on loans is discontinued when, in management’s judgment, the collectability of interest or principal in the normal course of business is doubtful. The Company complies with regulatory guidance which indicates that loans should be placed in nonaccrual status when 90 days past due, unless the loan is both well-secured and in the process of collection. A loan that is “in the process of collection” may be subject to legal action or, in appropriate circumstances, through other collection efforts reasonably expected to result in repayment or restoration to current status in the near future. A loan is considered delinquent when a payment has not been made by the contractual due date. Interest income previously accrued but not collected at the date a loan is placed on nonaccrual status is reversed against interest income. Cash receipts on a nonaccrual loan are applied to principal and interest in accordance with its contractual terms unless full payment of principal is not expected, in which case cash receipts, whether designated as principal or interest, are applied as a reduction of the carrying value of the loan. A nonaccrual loan is generally returned to accrual status when principal and interest payments are current, full collectability of principal and interest is reasonably assured, and a consistent record of performance has been demonstrated. The allowance for losses on loans represents management’s best estimate of losses probable in the existing loan portfolio. The allowance for losses on loans is increased by the provision for losses on loans charged to expense and reduced by loans charged off, net of recoveries. Loans are charged off in the period deemed uncollectible, based on management’s analysis of expected cash flows (for non-collateral dependent loans) or collateral value (for collateral-dependent loans). Subsequent recoveries of loans previously charged off, if any, are credited to the allowance when received. The provision for losses on loans is determined based on management’s assessment of several factors: reviews and evaluations of specific loans, changes in the nature and volume of the loan portfolio, current economic conditions and the related impact on specific borrowers and industry groups, historical loan loss experience, the level of classified and nonperforming loans and the results of regulatory examinations. Loans are considered impaired if, based on current information and events, it is probable that the Company will be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the loan agreement. Depending on a particular loan’s circumstances, we measure impairment of a loan based upon either the present value of expected future cash flows discounted at the loan’s effective interest rate, the loan’s observable market price, or the fair value of the collateral less estimated costs to sell if the loan is collateral dependent. Valuation allowances are established for collateral-dependent impaired loans for the difference between the loan amount and fair value of collateral less estimated selling costs. For impaired loans that are not collateral dependent, a valuation allowance is established for the difference between the loan amount and the present value of expected future cash flows discounted at the historical effective interest rate or the observable market price of the loan. Impairment losses are recognized through an increase in the required allowance for loan losses. Cash receipts on loans deemed impaired are recorded based on the loan’s separate status as a nonaccrual loan or an accrual status loan. Some loans are accounted for in accordance with ASC 310-30, Loans and Debt Securities Acquired with Deteriorated Credit Quality. For these loans (“purchased credit impaired loans”), the Company recorded a fair value discount and began carrying them at book value less their face amount (see Note 4). For these loans, we determined the contractual amount and timing of undiscounted principal and interest payments (the “undiscounted contractual cash flows”), and estimated the amount and timing of undiscounted expected principal and interest payments, including expected prepayments (the “undiscounted expected cash flows”). Under acquired impaired loan accounting, the difference between the undiscounted contractual cash flows and the undiscounted expected cash flows is the nonaccretable difference. The nonaccretable difference is an estimate of the loss exposure of principal and interest related to the purchased credit impaired loans, and the amount is subject to change over time based on the performance of the loans. The carrying value of purchased credit impaired loans is initially determined as the discounted expected cash flows. The excess of expected cash flows at acquisition over the initial fair value of the purchased credit impaired loans is referred to as the “accretable yield” and is recorded as interest income over the estimated life of the acquired loans using the level-yield method, if the timing and amount of the future cash flows is reasonably estimable. The carrying value of purchased credit impaired loans is reduced by payments received, both principal and interest, and increased by the portion of the accretable yield recognized as interest income. Subsequent to acquisition, the Company evaluates the purchased credit impaired loans on a quarterly basis. Increases in expected cash flows compared to those previously estimated increase the accretable yield and are recognized as interest income prospectively. Decreases in expected cash flows compared to those previously estimated decrease the accretable yield and may result in the establishment of an allowance for loan losses and a provision for loan losses. Purchased credit impaired loans are generally considered accruing and performing loans, as the loans accrete interest income over the estimated life of the loan when expected cash flows are reasonably estimable. Accordingly, purchased credit impaired loans that are contractually past due are still considered to be accruing and performing as long as there is an expectation that the estimated cash flows will be received. If the timing and amount of cash flows is not reasonably estimable, the loans may be classified as nonaccrual loans. Loan fees and certain direct loan origination costs are deferred, and the net fee or cost is recognized as an adjustment to interest income using the interest method over the contractual life of the loans. Foreclosed Real Estate. Valuations are periodically performed by management, and an allowance for losses is established by a charge to operations if the carrying value of a property exceeds its estimated fair value, less estimated selling costs. Loans to facilitate the sale of real estate acquired in foreclosure are discounted if made at less than market rates. Discounts are amortized over the fixed interest period of each loan using the interest method. Premises and Equipment. Depreciation is computed by use of straight-line and accelerated methods over the estimated useful lives of the assets. Estimated lives are generally seven to forty years for premises, three to seven years for equipment, and three years for software. Bank Owned Life Insurance. Goodwill. The Company’s goodwill is evaluated annually for impairment or more frequently if impairment indicators are present. A qualitative assessment is performed to determine whether the existence of events or circumstances leads to a determination that it is more likely than not the fair value is less than the carrying amount, including goodwill. If, based on the evaluation, it is determined to be more likely than not that the fair value is less than the carrying value, then goodwill is tested further for impairment. If the implied fair value of goodwill is lower than its carrying amount, a goodwill impairment is indicated and goodwill is written down to its implied fair value. Subsequent increases in goodwill value are not recognized in the financial statements. Intangible Assets. The Company’s intangible assets at 31, 201 included gross core deposit intangibles of $ million with $ accumulated amortization, gross other identifiable intangibles of $3.8 million with accumulated amortization of $3. million , and mortgage servicing rights of $ . t June 30, 2017 included gross core deposit intangibles of $9.2 million with $3.8 million accumulated amortization, gross other identifiable intangibles of $3.8 million with accumulated amortization of $3.8 million , and FHLB mortgage servicing rights of $1.3 million . The Company’s core deposit intangible assets are being amortized using the straight line method, over periods ranging from five to years , with amortization expense expected to be approximately $ in fiscal 201 , $ in fiscal 201 , $ in fiscal 20 , $ ,000 in fiscal 20 , Income Taxes. Deferred income tax expense results from changes in deferred tax assets and liabilities between periods. Deferred tax assets are recognized if it is more likely than not, based on the technical merits, that the tax position will be realized or sustained upon examination. The term more likely than not means a likelihood of more than 50 percent; the terms examined and upon examination also include resolution of the related appeals or litigation processes, if any. A tax position that meets the more-likely-than-not recognition threshold is initially and subsequently measured as the largest amount of tax benefit that has a greater than 50 percent likelihood of being realized upon settlement with a taxing authority that has full knowledge of all relevant information. The determination of whether or not a tax position has met the more-likely-than-not recognition threshold considers the facts, circumstances, and information available at the reporting date and is subject to management’s judgment. Deferred tax assets are reduced by a valuation allowance if, based on the weight of evidence available, it is more likely than not that some portion or all of a deferred tax asset will not be realized. The Company recognizes interest and penalties on income taxes as a component of income tax expense. The Company files consolidated income tax returns with its subsidiaries. Incentive Plan. Outside Directors’ Retirement. In the event that the participant dies before collecting any or all of the benefits, the Bank shall pay the participant’s beneficiary. No benefits shall be payable to anyone other than the beneficiary, and shall terminate on the death of the beneficiary. Stock Options. Earnings Per Share. Comprehensive Income. Transfers Between Fair Value Hierarchy Levels. The following paragraphs summarize the impact of new accounting pronouncements: In February 2018, the FASB issued ASU 2018-02, Income Statement-Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income. This ASU provides financial statement preparers with an option to reclassify stranded tax effects within AOCI to retained earnings in each period in which the effect of the change in the U.S. federal corporate income tax rate in the Tax Cuts and Jobs Act (or portion thereof) are recorded. This standard is effective for all organizations for fiscal years beginning after December 15, 2018, and interim periods within those fiscal years. Early adoption is permitted. The Company elected to early adopt ASU 2018-02 and, as a result, reclassified $65,497 from accumulated other comprehensive income to retained earnings as of December 31, 2017. In May 2017, the FASB issued ASU 2017-09, Compensation-Stock Compensation (Subtopic 718): Scope of Modification Accounting. The amendments in ASU 2017-09 provide guidance about which changes to the terms or conditions of a share-based payment award require an entity to apply modification accounting in Topic 718. Under the new guidance, an entity should account for the effects of a modification unless all of the following are the same immediately before and after the change: (1) the fair value of the modified award, (2) the vesting conditions of the modified award, and (3) the classification of the modified award as either an equity or liability instrument. ASU 2017-09 is effective for the fiscal years, and interim periods within those fiscal years, beginning after December 15, 2017, and should be applied prospectively to awards modified on or after the adoption date. Management does not expect the adoption of this guidance to have a material impact on the Company’s consolidated financial statements. In August 2016, the FASB issued ASU 2016-15, Statement of Cash Flows (Topic 230), Classification of Certain Cash Receipts and Cash payments. The Update provides guidance on how certain cash receipts and payments are presented and classified in the statement of cash flows, with the objective of reducing the diversity in practice. The Update addresses eight specific cash flow issues. For public companies, the ASU is effective for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years, and should be applied retrospectively. Management is evaluating the impact of the new guidance, but does not expect the adoption of this guidance to have a material impact on the Company’s consolidated financial statements. In June 2016, the FASB issued ASU 2016-13, Financial Instruments – Credit Losses (Topic 326). The Update amends guidance on reporting credit losses for assets held at amortized cost basis and available for sale debt securities. For assets held at amortized cost basis, Topic 326 eliminates the probable initial recognition threshold in current GAAP and, instead, requires an entity to reflect its current estimate of all expected credit losses. The Update affects loans, debt securities, trade receivables, net investments in leases, off balance sheet credit exposures, and any other financial assets not excluded from the scope that have the contractual right to receive cash. For public companies, the ASU is effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. Early adoption is available beginning after December 15, 2018, including interim periods within those fiscal years. Adoption will be applied on a modified retrospective basis, through a cumulative-effect adjustment to retained earnings. Management is evaluating the impact, if any, this new guidance will have on the Company’s consolidated financial statements, but cannot yet reasonably estimate the impact of adoption. The Company has formed a working group of key personnel responsible for the allowance for loan losses estimate and has initiated its evaluation of the data and systems requirements of adoption of the Update. The group has determined that purchasing third party software will be the most effective method to comply with the requirements, and has evaluated several outside vendors. The group expects to provide a recommendation of which software would work best for the Company before the end of this fiscal year, June 30, 2018. In February 2016, the FASB issued ASU 2016-02, “Leases,” to revise the accounting related to lease accounting. Under the new guidance, a lessee is required to record a right-of-use (ROU) asset and a lease liability on the balance sheet for all leases with terms longer than 12 months. The ASU is effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. Adoption of the standard requires the use of a modified retrospective transition approach for all periods presented at the time of adoption. Management is evaluating the impact of the new guidance, but does not expect the adoption of this guidance to have a material impact on the Company’s consolidated financial statements. In January 2016, the FASB issued ASU 2016-01, “Recognition and Measurement of Financial Assets and Financial Liabilities,” to generally require equity investments be measured at fair value with changes in fair value recognized in net income, simplify the impairment assessment of equity investments without readily-determinable fair value, and change disclosure and presentation requirements regarding financial instruments and other comprehensive income, and clarify that an entity should evaluate the need for a valuation allowance on a deferred tax asset related to available-for-sale securities in combination with the entity’s other deferred tax assets. In February 2018, the FASB issued ASU 2018-03, Technical Corrections and Improvements to Financial Instruments – Overall (Subtopic 825-10). The amendments in ASU 2018-03 make technical corrections to certain aspects of ASU 2016-01 on recognition of financial assets and financial liabilities. For public entities, the guidance in ASU 2016-01 and amendments in ASU 2018-03 are effective for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. Management is evaluating the new guidance, but does not expect the adoption of this guidance to have a material impact on the Company’s consolidated financial statements. In August 2015, the FASB issued ASU 2015-14, Revenue from Contracts with Customers (Topic 606): Deferral of the Effective Date, which deferred the effective date of ASU 2014-09. In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers (Topic 606): Summary and Amendments that Create Revenue from Contracts with Customers (Topic 606) and Other Assets and Deferred Costs—Contracts with Customers (Subtopic 340-40). The guidance in ASU 2014-09 supersedes the revenue recognition requirements in ASC Topic 605, Revenue Recognition, and most industry-specific guidance throughout the industry topics of the codification. In April 2016, the FASB issued ASU 2016-10, Revenue from Contracts with Customers (Topic 606): Identifying Performance Obligations and Licensing, to clarify two aspects of Topic 606- performance obligations and the licensing implementation guidance. Neither of the two updates changed the core principle of the guidance in Topic 606. In May 2016, the FASB issued ASU 2016-12, Revenue from Contracts with Customers (Topic 606), to provide narrow-scope improvements and practical expedients to ASU 2015-14. For public companies, the original Update was to be effective for interim and annual periods beginning after December 15, 2016. The current ASU states that the provisions of ASU 2014-09 should be applied to annual reporting periods, including interim periods, beginning after December 15, 2017. The Company does not expect the new standard to result in a material change to our accounting for revenue because the majority of our financial instruments are not within the scope of Topic 606, however, it may result in new disclosure requirements..

Note 3_ Securities

Note 3: Securities	9 Months Ended
	Mar. 31, 2018
Notes
Note 3: Securities	Note 3: Securities The amortized cost, gross unrealized gains, gross unrealized losses, and approximate fair value of securities available for sale consisted of the following: March 31, 2018 Gross Gross Estimated Amortized Unrealized Unrealized Fair (dollars in thousands) Cost Gains Losses Value Investment and mortgage backed securities: U.S. government-sponsored enterprises (GSEs) $11,504 $- $(120) $11,384 State and political subdivisions 51,457 395 (555) 51,297 Other securities 5,291 76 (235) 5,132 Mortgage-backed: GSE residential 80,313 1 (2,000) 78,314 Total investments and mortgage-backed securities $148,565 $472 $(2,910) $146,127 June 30, 2017 Gross Gross Estimated Amortized Unrealized Unrealized Fair (dollars in thousands) Cost Gains Losses Value Investment and mortgage backed securities: U.S. government-sponsored enterprises (GSEs) $10,433 $17 $(12) $10,438 State and political subdivisions 49,059 1,046 (127) 49,978 Other securities 6,017 306 (598) 5,725 Mortgage-backed GSE residential 78,088 490 (303) 78,275 Total investments and mortgage-backed securities $143,597 $1,859 $(1,040) $144,416 The amortized cost and estimated fair value of investment and mortgage-backed securities, by contractual maturity, are shown below. Expected maturities will differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without penalties. March 31, 2018 Amortized Estimated (dollars in thousands) Cost Fair Value Within one year $4,762 $4,759 After one year but less than five years 20,065 19,944 After five years but less than ten years 23,277 23,243 After ten years 20,148 19,867 Total investment securities 68,252 67,813 Mortgage-backed securities 80,313 78,314 Total investments and mortgage-backed securities $148,565 $146,127 The carrying value of investment and mortgage-backed securities pledged as collateral to secure public deposits and securities sold under agreements to repurchase amounted to $116.1 million at March 31, 2018 and $114.1 million at June 30, 2017. The securities pledged consist of marketable securities, including $7.4 million and $6.5 million of U.S. Government and Federal Agency Obligations, $40.8 million and $50.5 million of Mortgage-Backed Securities, $28.3 million and $19.9 million of Collateralized Mortgage Obligations, $39.2 million and $36.8 million of State and Political Subdivisions Obligations, and $400,000 and $400,000 of Other Securities at March 31, 2018 and June 30, 2017, respectively. Gains of $344,391 and $395,843 were recognized from sales of available-for-sale securities in the three- and nine- month periods ended March 31, 2018. Losses of $89,996 and $104,341 were recognized from sales of available-for-sale securities in the three- and nine- month periods ended March 31, 2018. There were no sales of available-for-sale securities in the three- and nine- month periods ended March 31, 2017. The following tables show our investments’ gross unrealized losses and fair value, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position at March 31, 2018 and June 30, 2017: March 31, 2018 Less than 12 months 12 months or more Total Unrealized Unrealized Unrealized Fair Value Losses Fair Value Losses Fair Value Losses (dollars in thousands) U.S. government-sponsored enterprises (GSEs) $7,943 $65 $2,443 $55 $10,386 $120 Obligations of state and political subdivisions 19,157 292 8,215 263 27,372 555 Other securities 985 7 1,069 228 2,054 235 Mortgage-backed securities 57,193 1,185 21,015 815 78,208 2,000 Total investments and mortgage-backed securities $85,278 $1,549 $32,742 $1,361 $118,020 $2,910 June 30, 2017 Less than 12 months 12 months or more Total Unrealized Unrealized Unrealized Fair Value Losses Fair Value Losses Fair Value Losses (dollars in thousands) U.S. government-sponsored enterprises (GSEs) $6,457 $12 $- $- $6,457 $12 Obligations of state and political subdivisions 12,341 127 256 - 12,597 127 Other securities - - 1,160 598 1,160 598 Mortgage-backed securities 29,836 267 2,285 36 32,121 303 Total investments and mortgage-backed securities $48,634 $406 $3,701 $634 $52,335 $1,040 Other securities. At March 31, 2018, there were 2 pooled trust preferred securities with an estimated fair value of $750 ,000 and unrealized losses of $221 ,000 in a continuous unrealized loss position for twelve months or more. These unrealized losses were primarily due to the long-term nature of the pooled trust preferred securities and a reduced demand for these securities, and concerns regarding the financial institutions that issued the underlying trust preferred securities. Rules adopted by the federal banking agencies in December 2013 to implement Section 619 of the Dodd-Frank Act (the “Volcker Rule”) generally prohibit banking entities from engaging in proprietary trading and from investing in, sponsoring, or having certain relationships with a hedge fund or private equity fund. The pooled trust preferred securities owned by the Company were included in a January 2014 listing of securities which the agencies considered to be grandfathered with regard to these prohibitions; as such, banking entities are permitted to retain their interest in these securities, provided the interest was acquired on or before December 10, 2013, unless acquired pursuant to a merger or acquisition. The March 31, 2018, cash flow analysis for these two securities indicated it is probable the Company will receive all contracted principal and related interest projected. The cash flow analysis used in making this determination was based on anticipated default, recovery, and prepayment rates, and the resulting cash flows were discounted based on the yield spread anticipated at the time the securities were purchased. Other inputs include the actual collateral attributes, which include credit ratings and other performance indicators of the underlying financial institutions, including profitability, capital ratios, and asset quality. Assumptions for these two securities included annualized prepayments of 1.4 to 1.6 percent; no recoveries on currently deferred issuers; new deferrals of 40 to 50 basis points annually; and eventual recoveries of nine percent of new deferrals. One of these two securities has continued to receive cash interest payments in full since our purchase; the other security received principal-in-kind (PIK), in lieu of cash interest, for a period of time following the recession and financial crisis which began in 2008, but resumed cash interest payments during fiscal 2014. Our cash flow analysis indicates that cash interest payments are expected to continue for the securities. Because the Company does not intend to sell these securities and it is not more-likely-than-not that the Company will be required to sell these securities prior to recovery of their amortized cost basis, which may be maturity, the Company does not consider these investments to be other-than-temporarily impaired at March 31, 2018. The Company does not believe any other individual unrealized loss as of March 31, 2018, represents OTTI. However, the Company could be required to recognize OTTI losses in future periods with respect to its available for sale investment securities portfolio. The amount and timing of any additional OTTI will depend on the decline in the underlying cash flows of the securities. Should the impairment of any of these securities become other-than-temporary, the cost basis of the investment will be reduced and the resulting loss recognized in the period the other-than-temporary impairment is identified. Credit losses recognized on investments. Accumulated Credit Losses Nine-Month Period Ended (dollars in thousands) March 31, 2018 2017 Credit losses on debt securities held Beginning of period $340 $352 Additions related to OTTI losses not previously recognized - - Reductions due to sales (333) - Reductions due to change in intent or likelihood of sale - - Additions related to increases in previously-recognized OTTI losses - - Reductions due to increases in expected cash flows (7) (9) End of period $- $343

Note 4_ Loans and Allowance for

Note 4: Loans and Allowance for Loan Losses	9 Months Ended
	Mar. 31, 2018
Notes
Note 4: Loans and Allowance for Loan Losses	Note 4: Loans and Allowance for Loan Losses Classes of loans are summarized as follows: (dollars in thousands) March 31, 2018 June 30, 2017 Real Estate Loans: Residential $457,825 $442,463 Construction 115,589 106,782 Commercial 693,606 603,922 Consumer loans 71,941 63,651 Commercial loans 255,317 247,184 1,594,278 1,464,002 Loans in process (54,571) (50,740) Deferred loan fees, net 1 6 Allowance for loan losses (17,263) (15,538) Total loans $1,522,445 $1,397,730 The Company’s lending activities consist of origination of loans secured by mortgages on one- to four-family residences and commercial and agricultural real estate, construction loans on residential and commercial properties, commercial and agricultural business loans and consumer loans. The Company has also occasionally purchased loan participation interests originated by other lenders and secured by properties generally located in the states of Missouri and Arkansas. Residential Mortgage Lending. The Company actively originates loans for the acquisition or refinance of one- to four-family residences. This category includes both fixed-rate and adjustable-rate mortgage (“ARM”) loans amortizing over periods of up to 30 years, and the properties securing such loans may be owner-occupied or non-owner-occupied. Single-family residential loans do not generally exceed 90% of the lower of the appraised value or purchase price of the secured property. Substantially all of the one- to four-family residential mortgage originations in the Company’s portfolio are located within the Company’s primary lending area. The Company also originates loans secured by multi-family residential properties that are often located outside the Company’s primary lending area but made to borrowers who operate within the primary market area. The majority of the multi-family residential loans that are originated by the Bank are amortized over periods generally up to 25 years, with balloon maturities typically up to ten years. Both fixed and adjustable interest rates are offered and it is typical for the Company to include an interest rate “floor” and “ceiling” in the loan agreement. Generally, multi-family residential loans do not exceed 85% of the lower of the appraised value or purchase price of the secured property. Commercial Real Estate Lending. The Company actively originates loans secured by commercial real estate including land (improved, unimproved, and farmland), strip shopping centers, retail establishments and other businesses. These properties are typically owned and operated by borrowers headquartered within the Company’s primary lending area, however, the property may be located outside our primary lending area. Most commercial real estate loans originated by the Company are based on amortization schedules of up to 25 years with monthly principal and interest payments. Generally, the interest rate received on these loans is fixed for a maturity for up to seven years, with a balloon payment due at maturity. Alternatively, for some loans, the interest rate adjusts at least annually after an initial period up to seven years. The Company typically includes an interest rate “floor” in the loan agreement. Generally, improved commercial real estate loan amounts do not exceed 80% of the lower of the appraised value or the purchase price of the secured property. Agricultural real estate terms offered differ slightly, with amortization schedules of up to 25 years with an 80% loan-to-value ratio, or 30 years with a 75% loan-to-value ratio. Construction Lending. The Company originates real estate loans secured by property or land that is under construction or development. Construction loans originated by the Company are generally secured by mortgage loans for the construction of owner occupied residential real estate or to finance speculative construction secured by residential real estate, land development, or owner-operated or non-owner occupied commercial real estate. During construction, these loans typically require monthly interest-only payments and have maturities ranging from six to twelve months. Once construction is completed, loans may be converted to permanent status with monthly payments using amortization schedules of up to 30 years on residential and generally up to 25 years on commercial real estate. While the Company typically utilizes maturity periods ranging from 6 to 12 months to closely monitor the inherent risks associated with construction loans for these loans, weather conditions, change orders, availability of materials and/or labor, and other factors may contribute to the lengthening of a project, thus necessitating the need to renew the construction loan at the balloon maturity. Such extensions are typically executed in incremental three month periods to facilitate project completion. The Company’s average term of construction loans is approximately eight months. During construction, loans typically require monthly interest only payments which may allow the Company an opportunity to monitor for early signs of financial difficulty should the borrower fail to make a required monthly payment. Additionally, during the construction phase, the Company typically obtains interim inspections completed by an independent third party. This monitoring further allows the Company opportunity to assess risk. At March 31, 2018 construction loans outstanding included 62 loans, totaling $12.4 million , for which a modification had been agreed to. At June 30, 2017, construction loans outstanding included 50 loans, totaling $10.3 million , for which a modification had been agreed to. All modifications were solely for the purpose of extending the maturity date due to conditions described above. None of these modifications were executed due to financial difficulty on the part of the borrower and, therefore, were not accounted for as TDRs . Consumer Lending . The Company offers a variety of secured consumer loans, including home equity, direct and indirect automobile loans, second mortgages, mobile home loans and loans secured by deposits. The Company originates substantially all of its consumer loans in its primary lending area. Usually, consumer loans are originated with fixed rates for terms of up to five years, with the exception of home equity lines of credit, which are variable, tied to the prime rate of interest and are for a period of ten years. Home equity lines of credit (HELOCs) are secured with a deed of trust and are issued up to 100% of the appraised or assessed value of the property securing the line of credit, less the outstanding balance on the first mortgage and are typically issued for a term of ten years. Interest rates on the HELOCs are generally adjustable. Interest rates are based upon the loan-to-value ratio of the property with better rates given to borrowers with more equity. Automobile loans originated by the Company include both direct loans and a smaller amount of loans originated by auto dealers. The Company generally pays a negotiated fee back to the dealer for indirect loans. Typically, automobile loans are made for terms of up to 60 months for new and used vehicles. Loans secured by automobiles have fixed rates and are generally made in amounts up to 100% of the purchase price of the vehicle. Commercial Business Lending . The Company’s commercial business lending activities encompass loans with a variety of purposes and security, including loans to finance accounts receivable, inventory, equipment and operating lines of credit, including agricultural production and equipment loans. The Company offers both fixed and adjustable rate commercial business loans. Generally, commercial loans secured by fixed assets are amortized over periods up to five years, while commercial operating lines of credit or agricultural production lines are generally for a one year period. The following tables present the balance in the allowance for loan losses and the recorded investment in loans (excluding loans in process and deferred loan fees) based on portfolio segment and impairment methods as of March 31, 2018 and June 30, 2017, and activity in the allowance for loan losses for the three- and nine-month periods ended March 31, 2018 and 2017: At period end and for the nine months ended March 31, 2018 Residential Construction Commercial (dollars in thousands) Real Estate Real Estate Real Estate Consumer Commercial Total Allowance for loan losses: Balance, beginning of period $3,230 $964 $7,068 $757 $3,519 $15,538 Provision charged to expense (110) (15) 1,627 169 389 2,060 Losses charged off (170) - (41) (118) (22) (351) Recoveries 2 - 1 6 7 16 Balance, end of period $2,952 $949 $8,655 $814 $3,893 $17,263 Ending Balance: individually evaluated for impairment $- $- $410 $- $340 $750 Ending Balance: collectively evaluated for impairment $2,952 $949 $8,245 $814 $3,553 $16,513 Ending Balance: loans acquired with deteriorated credit quality $- $- $- $- $- $- Loans: Ending Balance: individually evaluated for impairment $- $- $699 $- $580 $1,279 Ending Balance: collectively evaluated for impairment $454,614 $59,715 $685,282 $71,941 $252,271 $1,523,823 Ending Balance: loans acquired with deteriorated credit quality $3,211 $1,303 $7,625 $- $2,466 $14,605 For the three months ended March 31, 2018 Residential Construction Commercial (dollars in thousands) Real Estate Real Estate Real Estate Consumer Commercial Total Allowance for loan losses: Balance, beginning of period $3,286 $886 $8,303 $828 $3,564 $16,867 Provision charged to expense (243) 63 356 44 330 550 Losses charged off (92) - (6) (60) (1) (159) Recoveries 1 - 2 2 - 5 Balance, end of period $2,952 $949 $8,655 $814 $3,893 $17,263 At period end and for the nine months ended March 31, 2017 Residential Construction Commercial (dollars in thousands) Real Estate Real Estate Real Estate Consumer Commercial Total Allowance for loan losses: Balance, beginning of period $3,247 $1,091 $5,711 $738 $3,004 $13,791 Provision charged to expense 246 (162) 1,405 16 452 1,957 Losses charged off (201) (31) (4) (50) (337) (623) Recoveries 7 1 18 9 30 65 Balance, end of period $3,299 $899 $7,130 $713 $3,149 $15,190 Ending Balance: individually evaluated for impairment $- $- $- $- $- $- Ending Balance: collectively evaluated for impairment $3,299 $899 $7,130 $713 $3,149 $15,190 Ending Balance: loans acquired with deteriorated credit quality $- $- $- $- $- $- For the three months ended March 31, 2017 Residential Construction Commercial (dollars in thousands) Real Estate Real Estate Real Estate Consumer Commercial Total Allowance for loan losses: Balance, beginning of period $3,472 $891 $6,851 $756 $3,022 $14,992 Provision charged to expense (70) 8 280 (35) 193 376 Losses charged off (104) - (4) (11) (67) (186) Recoveries 1 - 3 3 1 8 Balance, end of period $3,299 $899 $7,130 $713 $3,149 $15,190 At June 30, 2017 Residential Construction Commercial (dollars in thousands) Real Estate Real Estate Real Estate Consumer Commercial Total Allowance for loan losses: Balance, end of period $3,230 $964 $7,068 $757 $3,519 $15,538 Ending Balance: individually evaluated for impairment $- $- $- $- $- $- Ending Balance: collectively evaluated for impairment $3,230 $964 $7,068 $757 $3,519 $15,538 Ending Balance: loans acquired with deteriorated credit quality $- $- $- $- $- $- Loans: Ending Balance: individually evaluated for impairment $- $- $- $- $- $- Ending Balance: collectively evaluated for impairment $438,981 $54,704 $592,427 $63,651 $243,369 $1,393,132 Ending Balance: loans acquired with deteriorated credit quality $3,482 $1,338 $11,495 $- $3,815 $20,130 Management’s opinion as to the ultimate collectability of loans is subject to estimates regarding future cash flows from operations and the value of property, real and personal, pledged as collateral. These estimates are affected by changing economic conditions and the economic prospects of borrowers. The allowance for loan losses is maintained at a level that, in management’s judgment, is adequate to cover probable credit losses inherent in the loan portfolio at the balance sheet date. The allowance for loan losses is established as losses are estimated to have occurred through a provision for loan losses charged to earnings. Loan losses are charged against the allowance when an amount is determined to be uncollectible, based on management’s analysis of expected cash flow (for non-collateral-dependent loans) or collateral value (for collateral-dependent loans). Subsequent recoveries, if any, are credited to the allowance. The allowance for loan losses is evaluated on a regular basis by management and is based upon management’s periodic review of the collectability of the loans in light of historical experience, the nature and volume of the loan portfolio, adverse situations that may affect the borrower’s ability to repay, estimated value of any underlying collateral and prevailing economic conditions. This evaluation is inherently subjective as it requires estimates that are susceptible to significant revision as more information becomes available. The allowance consists of allocated and general components. The allocated component relates to loans that are classified as impaired. For those loans that are classified as impaired, an allowance is established when the discounted cash flows (or collateral value or observable market price) of the impaired loan is lower than the carrying value of that loan. Under the Company’s methodology, loans are first segmented into 1) those comprising large groups of smaller-balance homogeneous loans, including single-family mortgages and installment loans, which are collectively evaluated for impairment, and 2) all other loans which are individually evaluated. Those loans in the second category are further segmented utilizing a defined grading system which involves categorizing loans by severity of risk based on conditions that may affect the ability of the borrowers to repay their debt, such as current financial information, collateral valuations, historical payment experience, credit documentation, public information, and current trends. The loans subject to credit classification represent the portion of the portfolio subject to the greatest credit risk and where adjustments to the allowance for losses on loans as a result of provision and charge offs are most likely to have a significant impact on operations. A periodic review of selected credits (based on loan size and type) is conducted to identify loans with heightened risk or probable losses and to assign risk grades. The primary responsibility for this review rests with loan administration personnel. This review is supplemented with periodic examinations of both selected credits and the credit review process by the Company’s internal audit function and applicable regulatory agencies. The information from these reviews assists management in the timely identification of problems and potential problems and provides a basis for deciding whether the credit represents a probable loss or risk that should be recognized. The Company considers, as the primary quantitative factor in its allowance methodology, average net charge offs over the most recent twelve-month period. The Company also reviews average net charge offs over the most recent five-year period. A loan is considered impaired when, based on current information and events, it is probable that the scheduled payments of principal or interest will not be able to be collected when due according to the contractual terms of the loan agreement. Factors considered by management in determining impairment include payment status, collateral value and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and payment shortfalls generally are not classified as impaired. Management determines the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower’s prior payment record and the amount of the shortfall in relation to the principal and interest owed. Impairment is measured on a loan-by-loan basis for commercial and agricultural loans by either the present value of expected future cash flows discounted at the loan’s effective interest rate, the loan’s obtainable market price or the fair value of the collateral if the loan is collateral dependent. Groups of loans with similar risk characteristics are collectively evaluated for impairment based on the group’s historical loss experience adjusted for changes in trends, conditions and other relevant factors that affect repayment of the loans. Accordingly, individual consumer and residential loans are not separately identified for impairment measurements, unless such loans are the subject of a restructuring agreement due to financial difficulties of the borrower. The general component covers non-impaired loans and is based on quantitative and qualitative factors. The loan portfolio is stratified into homogeneous groups of loans that possess similar loss characteristics and an appropriate loss ratio adjusted for qualitative factors is applied to the homogeneous pools of loans to estimate the incurred losses in the loan portfolio. Included in the Company’s loan portfolio are certain loans accounted for in accordance with ASC 310-30, Loans and Debt Securities Acquired with Deteriorated Credit Quality. These loans were written down at acquisition to an amount estimated to be collectible. As a result, certain ratios regarding the Company’s loan portfolio and credit quality cannot be used to compare the Company to peer companies or to compare the Company’s current credit quality to prior periods. The ratios particularly affected by accounting under ASC 310-30 include the allowance for loan losses as a percentage of loans, nonaccrual loans, and nonperforming assets, and nonaccrual loans and nonperforming loans as a percentage of total loans. The following tables present the credit risk profile of the Company’s loan portfolio (excluding loans in process and deferred loan fees) based on rating category and payment activity as of March 31, 2018 and June 30, 2017. These tables include purchased credit impaired loans, which are reported according to risk categorization after acquisition based on the Company’s standards for such classification: March 31, 2018 Residential Construction Commercial (dollars in thousands) Real Estate Real Estate Real Estate Consumer Commercial Pass $450,857 $60,984 $679,521 $71,722 $251,426 Watch 4,305 - 7,261 118 436 Special Mention 146 - 932 29 74 Substandard 2,517 34 5,193 72 2,199 Doubtful - - 699 - 1,182 Total $457,825 $61,018 $693,606 $71,941 $255,317 June 30, 2017 Residential Construction Commercial (dollars in thousands) Real Estate Real Estate Real Estate Consumer Commercial Pass $438,222 $55,825 $588,385 $63,320 $240,864 Watch 772 - 9,253 123 2,003 Special Mention 148 - 926 30 84 Substandard 3,321 217 5,358 178 3,631 Doubtful - - - - 602 Total $442,463 $56,042 $603,922 $63,651 $247,184 The above amounts include purchased credit impaired loans. At March 31, 2018, purchased credit impaired loans comprised $8.1 million of credits rated “Pass”; $3.1 million of credits rated “Watch”; none rated “Special Mention”; $3.4 million of credits rated “Substandard”; and none rated “Doubtful”. At June 30, 2017, purchased credit impaired loans accounted for $10.2 million of credits rated “Pass”; $5.0 million of credits rated “Watch”; none rated “Special Mention”; $4.9 million of credits rated “Substandard”; and none rated “Doubtful”. Credit Quality Indicators Watch Special Mention Substandard Doubtful Loans not meeting the criteria above that are analyzed individually as part of the above described process are considered to be Pass The following tables present the Company’s loan portfolio aging analysis (excluding loans in process and deferred loan fees) as of March 31, 2018 Greater Than Greater Than 90 30-59 Days 60-89 Days 90 Days Total Total Loans Days Past Due (dollars in thousands) Past Due Past Due Past Due Past Due Current Receivable and Accruing Real Estate Loans: Residential $1,372 $2,098 $1,261 $4,731 $453,094 $457,825 $- Construction - - - - 61,018 61,018 - Commercial 275 769 446 1,490 692,116 693,606 - Consumer loans 446 62 156 664 71,277 71,941 - Commercial loans 93 211 34 338 254,979 255,317 - Total loans $2,186 $3,140 $1,897 $7,223 $1,532,484 $1,539,707 $- June 30, 2017 Greater Than Greater Than 90 30-59 Days 60-89 Days 90 Days Total Total Loans Days Past Due (dollars in thousands) Past Due Past Due Past Due Past Due Current Receivable and Accruing Real Estate Loans: Residential $1,491 $148 $676 $2,315 $440,148 $442,463 $59 Construction 35 - - 35 56,007 56,042 - Commercial 700 - 711 1,411 602,511 603,922 - Consumer loans 216 16 134 366 63,285 63,651 13 Commercial loans 144 53 426 623 246,561 247,184 329 Total loans $2,586 $217 $1,947 $4,750 $1,408,512 $1,413,262 $401 At March 31, 2018 and June 30, 2017, there were no purchased credit impaired loans that were greater than 90 days past due. A loan is considered impaired, in accordance with the impairment accounting guidance (ASC 310-10-35-16), when based on current information and events, it is probable the Company will be unable to collect all amounts due from the borrower in accordance with the contractual terms of the loan. Impaired loans include nonperforming loans, as well as performing loans modified in troubled debt restructurings where concessions have been granted to borrowers experiencing financial difficulties. These concessions could include a reduction in the interest rate on the loan, payment extensions, forgiveness of principal, forbearance or other actions intended to maximize collection. The tables below present impaired loans (excluding loans in process and deferred loan fees) as of . These tables include purchased credit impaired loans. Purchased credit impaired loans are those for which it was deemed probable, at acquisition, that the Company would be unable to collect all contractually required payments receivable. In an instance where, subsequent to the acquisition, the Company determines it is probable, for a specific loan, that cash flows received will exceed the amount previously expected, the Company will recalculate the amount of accretable yield in order to recognize the improved cash flow expectation as additional interest income over the remaining life of the loan. These loans, however, will continue to be reported as impaired loans. In an instance where, subsequent to the acquisition, the Company determines it is probable, for a specific loan, that cash flows received will be less than the amount previously expected, the Company will allocate a specific allowance under the terms of ASC 310-10-35. March 31, 2018 Recorded Unpaid Principal Specific (dollars in thousands) Balance Balance Allowance Loans without a specific valuation allowance: Residential real estate $3,827 $4,474 $- Construction real estate 1,336 1,604 - Commercial real estate 14,090 15,463 - Consumer loans 27 27 - Commercial loans 2,911 3,539 - Loans with a specific valuation allowance: Residential real estate $- $- $- Construction real estate - - - Commercial real estate 699 699 410 Consumer loans - - - Commercial loans 580 580 340 Total: Residential real estate $3,827 $4,474 $- Construction real estate $1,336 $1,604 $- Commercial real estate $14,789 $16,162 $410 Consumer loans $27 $27 $- Commercial loans $3,491 $4,119 $340 June 30, 2017 Recorded Unpaid Principal Specific (dollars in thousands) Balance Balance Allowance Loans without a specific valuation allowance: Residential real estate $3,811 $4,486 $- Construction real estate 1,373 1,695 - Commercial real estate 14,935 16,834 - Consumer loans 1 1 - Commercial loans 4,302 4,990 - Loans with a specific valuation allowance: Residential real estate $- $- $- Construction real estate - - - Commercial real estate - - - Consumer loans - - - Commercial loans - - - Total: Residential real estate $3,811 $4,486 $- Construction real estate $1,373 $1,695 $- Commercial real estate $14,935 $16,834 $- Consumer loans $1 $1 $- Commercial loans $4,302 $4,990 $- The above amounts include purchased credit impaired loans. At , 201 , purchased credit impaired loans $ million of impaired loans without a specific valuation allowance At June 30, 201 , purchased credit impaired loans $ million of impaired loans without a specific valuation allowance The following tables present information regarding interest income recognized on impaired loans: For the three-month period ended March 31, 2018 Average (dollars in thousands) Investment in Interest Income Impaired Loans Recognized Residential Real Estate $3,322 $45 Construction Real Estate 1,312 43 Commercial Real Estate 8,532 436 Consumer Loans - - Commercial Loans 2,855 44 Total Loans $16,021 $568 For the three-month period ended March 31, 2017 Average (dollars in thousands) Investment in Interest Income Impaired Loans Recognized Residential Real Estate $2,857 $22 Construction Real Estate 1,362 38 Commercial Real Estate 9,513 146 Consumer Loans - - Commercial Loans 889 19 Total Loans $14,621 $225 For the nine-month period ended March 31, 2018 Average (dollars in thousands) Investment in Interest Income Impaired Loans Recognized Residential Real Estate $3,395 $172 Construction Real Estate 1,323 122 Commercial Real Estate 9,905 987 Consumer Loans - - Commercial Loans 3,328 153 Total Loans $17,951 $1,434 For the nine-month period ended March 31, 2017 Average (dollars in thousands) Investment in Interest Income Impaired Loans Recognized Residential Real Estate $2,893 $73 Construction Real Estate 1,378 109 Commercial Real Estate 9,681 513 Consumer Loans - - Commercial Loans 957 56 Total Loans $14,909 $751 Interest income on impaired loans recognized on a cash basis in the three- and nine-month periods ended March 31, 2018 and 2017, was immaterial. For the three- and nine-month periods ended March 31, 2018, the amount of interest income recorded for impaired loans that represented a change in the present value of cash flows attributable to the passage of time was approximately $334,000 and $594,000, respectively, as compared to $56,000 and $217,000, respectively, for the three- and nine-month periods ended March 31, 2017. The following table presents the Company’s nonaccrual loans at March 31, 2018 and June 30, 2017. The table excludes performing troubled debt restructurings. (dollars in thousands) March 31, 2018 June 30, 2017 Residential real estate $3,026 $1,263 Construction real estate 34 35 Commercial real estate 1,970 960 Consumer loans 231 158 Commercial loans 957 409 Total loans $6,218 $2,825 At March 31, 2018, purchased credit impaired loans comprised $1.0 million of nonaccrual loans. At June 30, 2017, there were no purchased credit impaired loans on nonaccrual. Included in certain loan categories in the impaired loans are troubled debt restructurings (TDRs), where economic concessions have been granted to borrowers who have experienced financial difficulties. These concessions typically result from our 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 restructuring and typically are returned to performing status after considering the borrower’s sustained repayment performance for a reasonable period of at least six months. When loans and leases are modified into a TDR, the Company evaluates any possible impairment similar to other impaired loans based on the present value of expected future cash flows, discounted at the contractual interest rate of the original loan or lease agreement, and uses the current fair value of the collateral, less selling costs, for collateral dependent loans. If the Company 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 through an allowance estimate or a charge-off to the allowance. In periods subsequent to modification, the Company evaluates all TDRs, including those that have payment defaults, for possible impairment and recognizes impairment through the allowance. During the three- and nine-month periods ended March 31, 2018 and 2017, certain loans modified were classified as TDRs. They are shown, segregated by class, in the table below: For the three-month periods ended March 31, 2018 March 31, 2017 Number of Recorded Number of Recorded (dollars in thousands) modifications Investment modifications Investment Residential real estate 4 $305 1 $40 Construction real estate - - - - Commercial real estate 1 55 - - Consumer loans 2 27 1 15 Commercial loans 2 64 - - Total 9 $451 2 $55 For the nine-month periods ended March 31, 2018 March 31, 2017 Number of Recorded Number of Recorded (dollars in thousands) modifications Investment modifications Investment Residential real estate 4 $305 1 $40 Construction real estate - - 1 36 Commercial real estate 1 55 4 2,250 Consumer loans 2 27 3 16 Commercial loans 2 64 1 2 Total 9 $451 10 $2,344 Performing loans classified as TDRs and outstanding at March 31, 2018 and June 30, 2017, segregated by class, are shown in the table below. Nonperforming TDRs are shown as nonaccrual loans. March 31, 2018 June 30, 2017 Number of Recorded Number of Recorded (dollars in thousands) modifications Investment modifications Investment Residential real estate 12 $809 10 $1,756 Construction real estate - - - - Commercial real estate 13 8,101 13 5,206 Consumer loans 2 26 - - Commercial loans 8 2,911 6 3,946 Total 35 $11,847 29 $10,908

Note 5_ Accounting For Certain

Note 5: Accounting For Certain Loans Acquired in A Transfer	9 Months Ended
	Mar. 31, 2018
Notes
Note 5: Accounting For Certain Loans Acquired in A Transfer	Note 5: Accounting for Certain Loans Acquired in a Transfer The Company acquired loans in transfers during the fiscal years ended June 30, 2011, June 30, 2015 and June 30, 2017. At acquisition, certain transferred loans evidenced deterioration of credit quality since origination and it was probable, at acquisition, that all contractually required payments would not be collected. Loans purchased with evidence of credit deterioration since origination and for which it is probable that all contractually required payments will not be collected are considered to be credit impaired. Evidence of credit quality deterioration as of the purchase date may include information such as past-due and nonaccrual status, borrower credit scores and recent loan to value percentages. Purchased credit-impaired loans are accounted for under the accounting guidance for loans and debt securities acquired with deteriorated credit quality (ASC 310-30) and initially measured at fair value, which includes estimated future credit losses expected to be incurred over the life of the loan. Accordingly, an allowance for credit losses related to these loans is not carried over and recorded at the acquisition date. Management estimated the cash flows expected to be collected at acquisition using our internal risk models, which incorporate the estimate of current key assumptions, such as default rates, severity and prepayment speeds. The carrying amount of those loans is included in the balance sheet amounts of loans receivable at March 31, 2018 and June 30, 2017. The amount of these loans is shown below: (dollars in thousands) March 31, 2018 June 30, 2017 Residential real estate $3,859 $4,158 Construction real estate 1,570 1,660 Commercial real estate 8,999 13,394 Consumer loans - - Commercial loans 3,094 4,502 Outstanding balance $17,522 $23,714 Carrying amount, net of fair value adjustment of $2,917 and $3,584 at March 31, 2018, and June 30, 2017, respectively $14,605 $20,130 Accretable yield, or income expected to be collected, is as follows: For the three-month period ended (dollars in thousands) March 31, 2018 March 31, 2017 Balance at beginning of period $607 $626 Additions - - Accretion (334) (56) Reclassification from nonaccretable difference 335 61 Disposals - - Balance at end of period $608 $631 For the nine-month period ended (dollars in thousands) March 31, 2018 March 31, 2017 Balance at beginning of period $609 $656 Additions - - Accretion (594) (217) Reclassification from nonaccretable difference 593 192 Disposals - - Balance at end of period $608 $631 During the three-and nine-month periods ended March 31, 2018 and 2017, the Company did not increase or reverse the allowance for loan losses related to these purchased credit impaired loans.

Note 6_ Deposits

Note 6: Deposits	9 Months Ended
	Mar. 31, 2018
Notes
Note 6: Deposits	Note 6: Deposits Deposits are summarized as follows: (dollars in thousands) March 31, 2018 June 30, 2017 Non-interest bearing accounts $196,914 $186,203 NOW accounts 580,790 479,488 Money market deposit accounts 117,597 105,599 Savings accounts 152,023 147,247 Certificates 527,013 537,060 Total Deposit Accounts $1,574,337 $1,455,597

Note 7_ Earnings Per Share

Note 7: Earnings Per Share	9 Months Ended
	Mar. 31, 2018
Notes
Note 7: Earnings Per Share	Note 7: Earnings Per Share The following table sets forth the computation of basic and diluted earnings per share: Three months ended Nine months ended March 31, March 31, 2018 2017 2018 2017 (dollars in thousands except per share data) Net income available to common shareholders $5,258 $3,954 $15,291 $11,839 Average Common shares – outstanding basic 8,762,344 7,450,041 8,647,593 7,442,525 Stock options under treasury stock method 13,062 28,626 12,790 25,976 Average Common shares – outstanding diluted 8,775,406 7,478,667 8,660,383 7,468,501 Basic earnings per common share $0.60 $0.53 $1.77 $1.59 Diluted earnings per common share $0.60 $0.53 $1.77 $1.59 At March 31, 2018 and 2017, no options outstanding had an exercise price exceeding the market price.

Note 8_ Income Taxes

Note 8: Income Taxes	9 Months Ended
	Mar. 31, 2018
Notes
Note 8: Income Taxes	Note 8: Income Taxes The Company and its subsidiary files income tax returns in the U.S. Federal jurisdiction and various states. The Company is no longer subject to U.S. federal and state examinations by tax authorities for fiscal years before 2011. The Company recognized no interest or penalties related to income taxes. The Company’s income tax provision is comprised of the following components: For the three-month period ended For the nine-month periods ended (dollars in thousands) March 31, 2018 March 31, 2017 March 31, 2018 March 31, 2017 Income taxes Current $2,864 $1,457 $7,525 $4,316 Deferred (1,054) 6 (1,280) 240 Total income tax provision $1,810 $1,463 $6,245 $4,556 The components of net deferred tax assets are summarized as follows: (dollars in thousands) March 31, 2018 June 30, 2017 Deferred tax assets: Provision for losses on loans $4,193 $5,563 Accrued compensation and benefits 618 1,068 Other-than-temporary impairment on available for sale securities - 128 NOL carry forwards acquired 286 513 Minimum Tax Credit 130 130 Unrealized loss on other real estate 124 131 Unrealized loss on available for sale securities 585 - Other 407 - Total deferred tax assets 6,343 7,533 Deferred tax liabilities: Purchase accounting adjustments 946 1,193 Depreciation 1,100 2,734 FHLB stock dividends 130 203 Prepaid expenses 128 213 Unrealized gain on available for sale securities - 295 Other 270 991 Total deferred tax liabilities 2,574 5,629 Net deferred tax asset $3,769 $1,904 As of March 31, 2018and June 30, 2017, the Company had approximately $1.3 million and $2.7 million in federal and state net operating loss carryforwards, respectively, which were acquired in the July 2009 acquisition of Southern Bank of Commerce, the February 2014 acquisition of Citizens State Bankshares of Bald Knob, Inc. and the August 2014 acquisition of Peoples Service Company, and the June 2017 acquisition of Tammcorp, Inc. (Capaha Bank). The amount reported is net of the IRC Sec. 382 limitation, or state equivalent, related to utilization of net operating loss carryforwards of acquired corporations. Unless otherwise utilized, the net operating losses will begin to expire in 2027. A reconciliation of income tax expense at the statutory rate to the Company’s actual income tax is shown below: For the three-month period ended For the nine-month periods ended (dollars in thousands) March 31, 2018 March 31, 2017 March 31, 2018 March 31, 2017 Tax at statutory rate $1,986 $1,896 $6,052 $5,738 Increase (reduction) in taxes resulting from: Nontaxable municipal income (115) (124) (341) (385) State tax, net of Federal benefit 287 52 530 160 Cash surrender value of Bank-owned life insurance (66) (176) (197) (323) Tax credit benefits (224) (81) (672) (267) Tax benefits realized on acquisition - - - - Adjustment of deferred tax asset for enacted changes in tax laws - - 1,124 - Other, net (58) (104) (251) (367) Actual provision $1,810 $1,463 $6,245 $4,556 For the three and nine month periods ended March 31, 2018, income tax expense at the statutory rate was calculated using a 28.1% annual effective tax rate (AETR), compared to 35.0% for the three and nine month periods ended March 31, 2017, as a result of the Tax Cuts and Jobs Act ("Tax Act") signed into law December 22, 2017. The Tax Act ultimately reduces the corporate Federal income tax rate for the Company from 35% to 21%, and for the current fiscal year ending June 30, 2018, the Company is administratively subject to a 28.1% AETR. U. S. GAAP requires that the impact of the provisions of the Tax Act be accounted for in the period of enactment and the income tax effects of the Tax Act were recognized in the Company’s financial statements for the quarter ended December 31, 2017, and for the nine-month period ended March 31, 2018. The Tax Act is complex and requires significant detailed analysis. During the preparation of the Company's June 30, 2018 income tax returns, additional adjustments related to enactment of the Tax Act may be identified. We do not currently expect significant adjustments will be necessary, but any further adjustments identified will be recognized in accordance with guidance contained in Staff Accounting Bulletin No. 118 from the U. S. Securities and Exchange Commission.

Note 9_ 401(k) Retirement Plan

Note 9: 401(k) Retirement Plan	9 Months Ended
	Mar. 31, 2018
Notes
Note 9: 401(k) Retirement Plan	Note 9: 401(k) Retirement Plan The Bank has a 401(k) retirement plan that covers substantially all eligible employees. The Bank made a safe harbor matching contribution to the Plan of up to 4% of eligible compensation, depending upon the percentage of eligible pay deferred into the plan by the employee, and also made additional, discretionary profit-sharing contributions for fiscal 2017; for fiscal 2018, the Company has maintained the safe harbor matching contribution of up to 4%, and expects to continue to make additional, discretionary profit-sharing contributions. During the three- and nine-month periods ended March 31, 2018, retirement plan expenses recognized for the Plan totaled approximately $331,000 and $883,000, respectively, as compared to $230,000 and $677,000, respectively, for the same periods of the prior fiscal year. Employee deferrals and safe harbor contributions are fully vested. Profit-sharing or other contributions vest over a period of five years.

Note 10_ Subordinated Debt

Note 10: Subordinated Debt	9 Months Ended
	Mar. 31, 2018
Notes
Note 10: Subordinated Debt	Note 10: Subordinated Debt Southern Missouri Statutory Trust I issued $7.0 million of Floating Rate Capital Securities (the “Trust Preferred Securities”) with a liquidation value of $1,000 per share in March 2004. The securities are due in 30 years, are now redeemable at par, and bear interest at a floating rate based on LIBOR. At March 31, 2018, the current rate was 4.93%. The securities represent undivided beneficial interests in the trust, which was established by the Company for the purpose of issuing the securities. The Trust Preferred Securities were sold in a private transaction exempt from registration under the Securities Act of 1933, as amended (the “Act”) and have not been registered under the Act. The securities may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. Southern Missouri Statutory Trust I used the proceeds from the sale of the Trust Preferred Securities to purchase Junior Subordinated Debentures of the Company. The Company used its net proceeds for working capital and investment in its subsidiaries. In connection with its October 2013 acquisition of Ozarks Legacy Community Financial, Inc. (OLCF), the Company assumed $3.1 million in floating rate junior subordinated debt securities. The debt securities had been issued in June 2005 by OLCF in connection with the sale of trust preferred securities, bear interest at a floating rate based on LIBOR, are now redeemable at par, and mature in 2035. The carrying value of the debt securities was approximately $2.6 million at March 31, 2018, and $2.6 million at June 30, 2017. In connection with its August 2014 acquisition of Peoples Service Company, Inc. (PSC), the Company assumed $6.5 million in floating rate junior subordinated debt securities. The debt securities had been issued in 2005 by PSC’s subsidiary bank holding company, Peoples Banking Company, in connection with the sale of trust preferred securities, bear interest at a floating rate based on LIBOR, are now redeemable at par, and mature in 2035. The carrying value of the debt securities was approximately $5.1 million at March 31, 2018, and $5.0 million at June 30, 2017.

Note 11_ Fair Value Measurement

Note 11: Fair Value Measurements	9 Months Ended
	Mar. 31, 2018
Notes
Note 11: Fair Value Measurements	Note 11: Fair Value Measurements ASC Topic 820, Fair Value Measurements Level 1 Level 2 Level 3 Recurring Measurements. Fair Value Measurements at March 31, 2018 Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs (dollars in thousands) Fair Value (Level 1) (Level 2) (Level 3) U.S. government sponsored enterprises (GSEs) $11,384 $- $11,384 $- State and political subdivisions 51,297 - 51,297 - Other securities 5,132 - 5,132 - Mortgage-backed GSE residential 78,314 - 78,314 - Fair Value Measurements at June 30, 2017, Using: Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs (dollars in thousands) Fair Value (Level 1) (Level 2) (Level 3) U.S. government sponsored enterprises (GSEs) $10,438 $- $10,438 $- State and political subdivisions 49,978 - 49,978 - Other securities 5,725 - 5,725 - Mortgage-backed GSE residential 78,275 - 78,275 - Following is a description of the valuation methodologies and inputs used for assets measured at fair value on a recurring basis and recognized in the accompanying consolidated balance sheets, as well as the general classification of such assets pursuant to the valuation hierarchy. There have been no significant changes in the valuation techniques during the period ended March 31, 2018. Available-for-sale Securities. Nonrecurring Measurements. The following tables present the fair value measurement of assets measured at fair value on a nonrecurring basis and the level within the ASC 820 fair value hierarchy in which the fair value measurements fell at March 31, 2018 and June 30, 2017: Fair Value Measurements at March 31, 2018 Quoted Prices in Active Markets for Significant Other Significant Identical Assets Observable Inputs Unobservable Inputs (dollars in thousands) Fair Value (Level 1) (Level 2) (Level 3) Impaired loans (collateral dependent) $529 $- $- $529 Foreclosed and repossessed assets held for sale $4,142 $- $- $4,142 Fair Value Measurements at June 30, 2017, Using: Quoted Prices in Active Markets for Significant Other Significant Identical Assets Observable Inputs Unobservable Inputs (dollars in thousands) Fair Value (Level 1) (Level 2) (Level 3) Foreclosed and repossessed assets held for sale $3,100 $- $- $3,100 The following table presents gains and (losses) recognized on assets measured on a non-recurring basis for the nine-month periods ended March 31, 2018 and 2017: For the nine months ended (dollars in thousands) March 31, 2018 March 31, 2017 Impaired loans (collateral dependent) $(750) $- Foreclosed and repossessed assets held for sale (164) (254) Total (losses) gains on assets measured on a non-recurring basis $(914) $(254) The following is a description of valuation methodologies and inputs used for assets measured at fair value on a nonrecurring basis and recognized in the accompanying consolidated balance sheets, as well as the general classification of such assets and liabilities pursuant to the valuation hierarchy. For assets classified within Level 3 of fair value hierarchy, the process used to develop the reported fair value process is described below. Impaired Loans (Collateral Dependent). A collateral dependent loan is considered to be impaired when it is probable that all of the principal and interest due may not be collected according to its contractual terms. Generally, when a collateral dependent loan is considered impaired, the amount of reserve required is measured based on the fair value of the underlying collateral. The Company makes such measurements on all material collateral dependent loans deemed impaired using the fair value of the collateral for collateral dependent loans. The fair value of collateral used by the Company is determined by obtaining an observable market price or by obtaining an appraised value from an independent, licensed or certified appraiser, using observable market data. This data includes information such as selling price of similar properties and capitalization rates of similar properties sold within the market, expected future cash flows or earnings of the subject property based on current market expectations, and other relevant factors. In addition, management applies selling and other discounts to the underlying collateral value to determine the fair value. If an appraised value is not available, the fair value of the collateral dependent impaired loan is determined by an adjusted appraised value including unobservable cash flows. On a quarterly basis, loans classified as special mention, substandard, doubtful, or loss are evaluated including the loan officer’s review of the collateral and its current condition, the Company’s knowledge of the current economic environment in the market where the collateral is located, and the Company’s recent experience with real estate in the area. The date of the appraisal is also considered in conjunction with the economic environment and any decline in the real estate market since the appraisal was obtained. For all loan types, updated appraisals are obtained if considered necessary. In instances where the economic environment has worsened and/or the real estate market declined since the last appraisal, a higher distressed sale discount would be applied to the appraised value. The Company records collateral dependent impaired loans based on nonrecurring Level 3 inputs. If a collateral dependent loan’s fair value, as estimated by the Company, is less than its carrying value, the Company either records a charge-off of the portion of the loan that exceeds the fair value or establishes a specific reserve as part of the allowance for loan losses. There were no loans measured at fair value on a nonrecurring basis at June 30, 2017. Foreclosed and Repossessed A ssets H eld for Sal e. are valued at the time the loan is foreclosed upon and the asset is transferred to foreclosed assets held for sale. The value of the asset is based on third party appraisals, less estimated costs to sell and appropriate discounts, if any. The appraisals are generally discounted based on current and expected market conditions that may impact the sale or value of the asset and management’s knowledge and experience with similar assets. Such discounts typically may be significant and result in a Level 3 classification of the inputs for determining fair value of these assets. Foreclosed assets held for sale are evaluated for additional impairment and are adjusted accordingly if is identified. Unobservable (Level 3) Inputs. The following table presents quantitative information about unobservable inputs used in recurring and nonrecurring Level 3 fair value measurements. (dollars in thousands) Fair value at March 31, 2018 Valuation technique Unobservable inputs Range of inputs applied Weighted-average inputs applied Nonrecurring Measurements Impaired loans (collateral dependent) $529 Internal Valuation Discount to reflect realizable value n/a 0.0% Foreclosed and repossessed assets $4,142 Third party appraisal Marketability discount 0.0% - 78.4% 33.8% (dollars in thousands) Fair value at Valuation technique Unobservable inputs Range of inputs applied Weighted-average inputs applied Nonrecurring Measurements Foreclosed and repossessed assets $3,100 Third party appraisal Marketability discount 0.0% - 66.4% 40.6% Fair Value of Financial Instruments. March 31, 2018 Quoted Prices in Active Significant Markets for Significant Other Unobservable Carrying Identical Assets Observable Inputs Inputs (dollars in thousands) Amount (Level 1) (Level 2) (Level 3) Financial assets Cash and cash equivalents $30,781 $30,781 $- $- Interest-bearing time deposits 1,949 - 1,949 - Stock in FHLB 4,535 - 4,535 - Stock in Federal Reserve Bank of St. Louis 3,196 - 3,196 - Loans receivable, net 1,522,445 - - 1,514,486 Accrued interest receivable 7,128 - 7,128 - Financial liabilities Deposits 1,574,337 1,047,533 - 525,233 Securities sold under agreements to repurchase 3,769 - 3,769 - Advances from FHLB 50,850 40,500 10,392 - Note Payable 3,000 - - 3,000 Accrued interest payable 1,138 - 1,138 - Subordinated debt 14,921 - - 13,545 Unrecognized financial instruments (net of contract amount) Commitments to originate loans - - - - Letters of credit - - - - Lines of credit - - - - June 30, 2017 Quoted Prices in Active Significant Markets for Significant Other Unobservable Carrying Identical Assets Observable Inputs Inputs (dollars in thousands) Amount (Level 1) (Level 2) (Level 3) Financial assets Cash and cash equivalents $30,786 $30,786 $- $- Interest-bearing time deposits 747 - 747 - Stock in FHLB 3,547 - 3,547 - Stock in Federal Reserve Bank of St. Louis 2,357 - 2,357 - Loans receivable, net 1,397,730 - - 1,394,164 Accrued interest receivable 6,769 - 6,769 - Financial liabilities Deposits 1,455,597 918,553 - 536,266 Securities sold under agreements to repurchase 10,212 - 10,212 - Advances from FHLB 43,637 20,000 23,781 - Note Payable 3,000 - - 3,000 Accrued interest payable 918 - 918 - Subordinated debt 14,848 - - 11,984 Unrecognized financial instruments (net of contract amount) Commitments to originate loans - - - - Letters of credit - - - - Lines of credit - - - - The following methods and assumptions were used in estimating the fair values of financial instruments: Cash and cash equivalents and interest-bearing time deposits are valued at their carrying amounts, which approximates book value. Stock in FHLB and the Federal Reserve Bank of St. Louis is valued at cost, which approximates fair value. Fair value of loans is estimated by discounting the future cash flows using the current rates at which similar loans would be made to borrowers with similar credit ratings and for the same remaining maturities. Loans with similar characteristics are aggregated for purposes of the calculations. The carrying amounts of accrued interest approximate their fair values. The fair value of fixed-maturity time deposits is estimated using a discounted cash flow calculation that applies the rates currently offered for deposits of similar remaining maturities. Non-maturity deposits and securities sold under agreements are valued at their carrying value, which approximates fair value. Fair values of advances from the FHLB and note payable are estimated by discounting maturities using an estimate of the current market for similar instruments. The fair value of subordinated debt is estimated using rates currently available to the Company for debt with similar terms and maturities. The fair value of commitments to originate loans is estimated using the fees currently charged to enter into similar agreements, taking into account the remaining terms of the agreements and the present creditworthiness of the counterparties. For fixed-rate loan commitments, fair value also considers the difference between current levels of interest rates and committed rates. The fair value of letters of credit and lines of credit are based on fees currently charged for similar agreements or on the estimated cost to terminate or otherwise settle the obligations with the counterparties at the reporting date.

Note 12_ Business Combinations

Note 12: Business Combinations	9 Months Ended
	Mar. 31, 2018
Notes
Note 12: Business Combinations	Note 12: Acquisitions On February 23, 2018, the Company completed its acquisition of Southern Missouri Bancshares, Inc. (“Bancshares”), and its wholly-owned subsidiary, Southern Missouri Bank of Marshfield (“SMB-Marshfield”), in a stock and cash transaction. The conversion of data systems took place on March 17, 2018. The Company acquired SMB-Marshfield primarily for the purpose of conducting commercial banking activities in markets where it believes the Company’s business model will perform well, and for the long-term value of its core deposit franchise. Through March 31, 2018, the Company incurred a total $638,000 of third-party acquisition-related costs with $458,000 and $613,000 being included in noninterest expense in the Company's consolidated statement of income for the three- and nine- months ended March 31, 2018, respectively. The goodwill of $4.4 million arising from the acquisition consists largely of synergies and economies of scale expected from combining the operations of the Company and SMB-Marshfield. Total goodwill was assigned to the acquisition of the bank holding company. The following table summarizes the consideration paid for Bancshares and SMB-Marshfield, and the amounts of assets acquired and liabilities assumed recognized at the acquisition date: Cash $3,860 Common stock, at fair value 12,955 Total consideration $16,815 Recognized amounts of identifiable assets acquired and liabilities assumed Cash and cash equivalents $2,359 Interest bearing time deposits 1,450 Investment securities 5,557 Loans 68,258 Premises and equipment 3,409 BOLI 2,271 Identifiable intangible assets 1,345 Miscellaneous other assets 1,897 Deposits (68,152) FHLB Advances (5,344) Miscellaneous other liabilities (683) Total identifiable net assets 12,367 Goodwill $4,448

Note 2_ Organization and Summ19

Note 2: Organization and Summary of Significant Accounting Policies: Organization, Consolidation and Presentation of Financial Statements Disclosure and Significant Accounting Policies (Policies)	9 Months Ended
	Mar. 31, 2018
Policies
Organization, Consolidation and Presentation of Financial Statements Disclosure and Significant Accounting Policies	Organization. The Bank is primarily engaged in providing a full range of banking and financial services to individuals and corporate customers in its market areas. The Bank and Company are subject to competition from other financial institutions. The Bank and Company are subject to regulation by certain federal and state agencies and undergo periodic examinations by those regulatory authorities. Basis of Financial Statement Presentation.

Note 2_ Organization and Summ20

Note 2: Organization and Summary of Significant Accounting Policies: Principles of Consolidation Policy (Policies)	9 Months Ended
	Mar. 31, 2018
Policies
Principles of Consolidation Policy	Principles of Consolidation.

Note 2_ Organization and Summ21

Note 2: Organization and Summary of Significant Accounting Policies: Use of Estimates Policy (Policies)	9 Months Ended
	Mar. 31, 2018
Policies
Use of Estimates Policy	Use of Estimates. Material estimates that are particularly susceptible to significant change relate to the determination of the allowance for loan losses, estimated fair values of purchased loans, other-than-temporary impairments (OTTI), and fair value of financial instruments.

Note 2_ Organization and Summ22

Note 2: Organization and Summary of Significant Accounting Policies: Cash and Cash Equivalents, Policy (Policies)	9 Months Ended
	Mar. 31, 2018
Policies
Cash and Cash Equivalents, Policy	Cash and Cash Equivalents.

Note 2_ Organization and Summ23

Note 2: Organization and Summary of Significant Accounting Policies: Interest-bearing Time Deposits (Policies)	9 Months Ended
	Mar. 31, 2018
Policies
Interest-bearing Time Deposits	Interest-bearing Time Deposits.

Note 2_ Organization and Summ24

Note 2: Organization and Summary of Significant Accounting Policies: Marketable Securities, Policy (Policies)	9 Months Ended
	Mar. 31, 2018
Policies
Marketable Securities, Policy	Available for Sale Securities. Premiums and discounts on debt securities are amortized or accreted as adjustments to income over the estimated life of the security using the level yield method. Realized gains or losses on the sale of securities is based on the specific identification method. The fair value of securities is based on quoted market prices or dealer quotes. If a quoted market price is not available, fair value is estimated using quoted market prices for similar securities. The Company does not invest in collateralized mortgage obligations that are considered high risk. When the Company does not intend to sell a debt security, and it is more likely than not the Company will not have to sell the security before recovery of its cost basis, it recognizes the credit component of an other-than-temporary impairment of a debt security in earnings and the remaining portion in other comprehensive income. As a result of this guidance, the Company’s consolidated balance sheet as of the dates presented reflects the full impairment (that is, the difference between the security’s amortized cost basis and fair value) on debt securities that the Company intends to sell or would more likely than not be required to sell before the expected recovery of the amortized cost basis. For available-for-sale debt securities that management has no intent to sell and believes that it more likely than not will not be required to sell prior to recovery, only the credit loss component of the impairment is recognized in earnings, while the noncredit loss is recognized in accumulated other comprehensive loss. The credit loss component recognized in earnings is identified as the amount of principal cash flows not expected to be received over the remaining term of the security as projected based on cash flow projections.

Note 2_ Organization and Summ25

Note 2: Organization and Summary of Significant Accounting Policies: Federal Home Loan Bank and Federal Reserve Bank Stock (Policies)	9 Months Ended
	Mar. 31, 2018
Policies
Federal Home Loan Bank and Federal Reserve Bank Stock	Federal Home Loan Bank and Federal Reserve Bank Stock.

Note 2_ Organization and Summ26

Note 2: Organization and Summary of Significant Accounting Policies: Loans Policy (Policies)	9 Months Ended
	Mar. 31, 2018
Policies
Loans Policy	Loans. Interest on loans is accrued based upon the principal amount outstanding. The accrual of interest on loans is discontinued when, in management’s judgment, the collectability of interest or principal in the normal course of business is doubtful. The Company complies with regulatory guidance which indicates that loans should be placed in nonaccrual status when 90 days past due, unless the loan is both well-secured and in the process of collection. A loan that is “in the process of collection” may be subject to legal action or, in appropriate circumstances, through other collection efforts reasonably expected to result in repayment or restoration to current status in the near future. A loan is considered delinquent when a payment has not been made by the contractual due date. Interest income previously accrued but not collected at the date a loan is placed on nonaccrual status is reversed against interest income. Cash receipts on a nonaccrual loan are applied to principal and interest in accordance with its contractual terms unless full payment of principal is not expected, in which case cash receipts, whether designated as principal or interest, are applied as a reduction of the carrying value of the loan. A nonaccrual loan is generally returned to accrual status when principal and interest payments are current, full collectability of principal and interest is reasonably assured, and a consistent record of performance has been demonstrated. The allowance for losses on loans represents management’s best estimate of losses probable in the existing loan portfolio. The allowance for losses on loans is increased by the provision for losses on loans charged to expense and reduced by loans charged off, net of recoveries. Loans are charged off in the period deemed uncollectible, based on management’s analysis of expected cash flows (for non-collateral dependent loans) or collateral value (for collateral-dependent loans). Subsequent recoveries of loans previously charged off, if any, are credited to the allowance when received. The provision for losses on loans is determined based on management’s assessment of several factors: reviews and evaluations of specific loans, changes in the nature and volume of the loan portfolio, current economic conditions and the related impact on specific borrowers and industry groups, historical loan loss experience, the level of classified and nonperforming loans and the results of regulatory examinations. Loans are considered impaired if, based on current information and events, it is probable that the Company will be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the loan agreement. Depending on a particular loan’s circumstances, we measure impairment of a loan based upon either the present value of expected future cash flows discounted at the loan’s effective interest rate, the loan’s observable market price, or the fair value of the collateral less estimated costs to sell if the loan is collateral dependent. Valuation allowances are established for collateral-dependent impaired loans for the difference between the loan amount and fair value of collateral less estimated selling costs. For impaired loans that are not collateral dependent, a valuation allowance is established for the difference between the loan amount and the present value of expected future cash flows discounted at the historical effective interest rate or the observable market price of the loan. Impairment losses are recognized through an increase in the required allowance for loan losses. Cash receipts on loans deemed impaired are recorded based on the loan’s separate status as a nonaccrual loan or an accrual status loan. Some loans are accounted for in accordance with ASC 310-30, Loans and Debt Securities Acquired with Deteriorated Credit Quality. For these loans (“purchased credit impaired loans”), the Company recorded a fair value discount and began carrying them at book value less their face amount (see Note 4). For these loans, we determined the contractual amount and timing of undiscounted principal and interest payments (the “undiscounted contractual cash flows”), and estimated the amount and timing of undiscounted expected principal and interest payments, including expected prepayments (the “undiscounted expected cash flows”). Under acquired impaired loan accounting, the difference between the undiscounted contractual cash flows and the undiscounted expected cash flows is the nonaccretable difference. The nonaccretable difference is an estimate of the loss exposure of principal and interest related to the purchased credit impaired loans, and the amount is subject to change over time based on the performance of the loans. The carrying value of purchased credit impaired loans is initially determined as the discounted expected cash flows. The excess of expected cash flows at acquisition over the initial fair value of the purchased credit impaired loans is referred to as the “accretable yield” and is recorded as interest income over the estimated life of the acquired loans using the level-yield method, if the timing and amount of the future cash flows is reasonably estimable. The carrying value of purchased credit impaired loans is reduced by payments received, both principal and interest, and increased by the portion of the accretable yield recognized as interest income. Subsequent to acquisition, the Company evaluates the purchased credit impaired loans on a quarterly basis. Increases in expected cash flows compared to those previously estimated increase the accretable yield and are recognized as interest income prospectively. Decreases in expected cash flows compared to those previously estimated decrease the accretable yield and may result in the establishment of an allowance for loan losses and a provision for loan losses. Purchased credit impaired loans are generally considered accruing and performing loans, as the loans accrete interest income over the estimated life of the loan when expected cash flows are reasonably estimable. Accordingly, purchased credit impaired loans that are contractually past due are still considered to be accruing and performing as long as there is an expectation that the estimated cash flows will be received. If the timing and amount of cash flows is not reasonably estimable, the loans may be classified as nonaccrual loans. Loan fees and certain direct loan origination costs are deferred, and the net fee or cost is recognized as an adjustment to interest income using the interest method over the contractual life of the loans.

Note 2_ Organization and Summ27

Note 2: Organization and Summary of Significant Accounting Policies: Foreclosed Real Estate Policy (Policies)	9 Months Ended
	Mar. 31, 2018
Policies
Foreclosed Real Estate Policy	Foreclosed Real Estate. Valuations are periodically performed by management, and an allowance for losses is established by a charge to operations if the carrying value of a property exceeds its estimated fair value, less estimated selling costs. Loans to facilitate the sale of real estate acquired in foreclosure are discounted if made at less than market rates. Discounts are amortized over the fixed interest period of each loan using the interest method.

Note 2_ Organization and Summ28

Note 2: Organization and Summary of Significant Accounting Policies: Property, Plant and Equipment, Policy (Policies)	9 Months Ended
	Mar. 31, 2018
Policies
Property, Plant and Equipment, Policy	Premises and Equipment. Depreciation is computed by use of straight-line and accelerated methods over the estimated useful lives of the assets. Estimated lives are generally seven to forty years for premises, three to seven years for equipment, and three years for software.

Note 2_ Organization and Summ29

Note 2: Organization and Summary of Significant Accounting Policies: Bank Owned Life Insurance Policy (Policies)	9 Months Ended
	Mar. 31, 2018
Policies
Bank Owned Life Insurance Policy	Bank Owned Life Insurance.

Note 2_ Organization and Summ30

Note 2: Organization and Summary of Significant Accounting Policies: Goodwill Policy (Policies)	9 Months Ended
	Mar. 31, 2018
Policies
Goodwill Policy	Goodwill. The Company’s goodwill is evaluated annually for impairment or more frequently if impairment indicators are present. A qualitative assessment is performed to determine whether the existence of events or circumstances leads to a determination that it is more likely than not the fair value is less than the carrying amount, including goodwill. If, based on the evaluation, it is determined to be more likely than not that the fair value is less than the carrying value, then goodwill is tested further for impairment. If the implied fair value of goodwill is lower than its carrying amount, a goodwill impairment is indicated and goodwill is written down to its implied fair value. Subsequent increases in goodwill value are not recognized in the financial statements.

Note 2_ Organization and Summ31

Note 2: Organization and Summary of Significant Accounting Policies: Intangible Assets, Finite-Lived, Policy (Policies)	9 Months Ended
	Mar. 31, 2018
Policies
Intangible Assets, Finite-Lived, Policy	Intangible Assets. The Company’s intangible assets at 31, 201 included gross core deposit intangibles of $ million with $ accumulated amortization, gross other identifiable intangibles of $3.8 million with accumulated amortization of $3. million , and mortgage servicing rights of $ . t June 30, 2017 included gross core deposit intangibles of $9.2 million with $3.8 million accumulated amortization, gross other identifiable intangibles of $3.8 million with accumulated amortization of $3.8 million , and FHLB mortgage servicing rights of $1.3 million . The Company’s core deposit intangible assets are being amortized using the straight line method, over periods ranging from five to years , with amortization expense expected to be approximately $ in fiscal 201 , $ in fiscal 201 , $ in fiscal 20 , $ ,000 in fiscal 20 ,

Note 2_ Organization and Summ32

Note 2: Organization and Summary of Significant Accounting Policies: Income Tax, Policy (Policies)	9 Months Ended
	Mar. 31, 2018
Policies
Income Tax, Policy	Income Taxes. Deferred income tax expense results from changes in deferred tax assets and liabilities between periods. Deferred tax assets are recognized if it is more likely than not, based on the technical merits, that the tax position will be realized or sustained upon examination. The term more likely than not means a likelihood of more than 50 percent; the terms examined and upon examination also include resolution of the related appeals or litigation processes, if any. A tax position that meets the more-likely-than-not recognition threshold is initially and subsequently measured as the largest amount of tax benefit that has a greater than 50 percent likelihood of being realized upon settlement with a taxing authority that has full knowledge of all relevant information. The determination of whether or not a tax position has met the more-likely-than-not recognition threshold considers the facts, circumstances, and information available at the reporting date and is subject to management’s judgment. Deferred tax assets are reduced by a valuation allowance if, based on the weight of evidence available, it is more likely than not that some portion or all of a deferred tax asset will not be realized. The Company recognizes interest and penalties on income taxes as a component of income tax expense. The Company files consolidated income tax returns with its subsidiaries.

Note 2_ Organization and Summ33

Note 2: Organization and Summary of Significant Accounting Policies: Share-based Compensation, Option and Incentive Plans Policy (Policies)	9 Months Ended
	Mar. 31, 2018
Policies
Share-based Compensation, Option and Incentive Plans Policy	Incentive Plan.

Note 2_ Organization and Summ34

Note 2: Organization and Summary of Significant Accounting Policies: Outside Directors Retirement Plan Policy (Policies)	9 Months Ended
	Mar. 31, 2018
Policies
Outside Directors Retirement Plan Policy	Outside Directors’ Retirement. In the event that the participant dies before collecting any or all of the benefits, the Bank shall pay the participant’s beneficiary. No benefits shall be payable to anyone other than the beneficiary, and shall terminate on the death of the beneficiary.

Note 2_ Organization and Summ35

Note 2: Organization and Summary of Significant Accounting Policies: Stock Options Policy (Policies)	9 Months Ended
	Mar. 31, 2018
Policies
Stock Options Policy	Stock Options.

Note 2_ Organization and Summ36

Note 2: Organization and Summary of Significant Accounting Policies: Earnings Per Share, Policy (Policies)	9 Months Ended
	Mar. 31, 2018
Policies
Earnings Per Share, Policy	Earnings Per Share.

Note 2_ Organization and Summ37

Note 2: Organization and Summary of Significant Accounting Policies: Comprehensive Income, Policy (Policies)	9 Months Ended
	Mar. 31, 2018
Policies
Comprehensive Income, Policy	Comprehensive Income.

Note 2_ Organization and Summ38

Note 2: Organization and Summary of Significant Accounting Policies: Fair Value Transfer Policy (Policies)	9 Months Ended
	Mar. 31, 2018
Policies
Fair Value Transfer Policy	Transfers Between Fair Value Hierarchy Levels.

Note 2_ Organization and Summ39

Note 2: Organization and Summary of Significant Accounting Policies: New Accounting Pronouncements (Policies)	9 Months Ended
	Mar. 31, 2018
Policies
New Accounting Pronouncements	The following paragraphs summarize the impact of new accounting pronouncements: In February 2018, the FASB issued ASU 2018-02, Income Statement-Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income. This ASU provides financial statement preparers with an option to reclassify stranded tax effects within AOCI to retained earnings in each period in which the effect of the change in the U.S. federal corporate income tax rate in the Tax Cuts and Jobs Act (or portion thereof) are recorded. This standard is effective for all organizations for fiscal years beginning after December 15, 2018, and interim periods within those fiscal years. Early adoption is permitted. The Company elected to early adopt ASU 2018-02 and, as a result, reclassified $65,497 from accumulated other comprehensive income to retained earnings as of December 31, 2017. In May 2017, the FASB issued ASU 2017-09, Compensation-Stock Compensation (Subtopic 718): Scope of Modification Accounting. The amendments in ASU 2017-09 provide guidance about which changes to the terms or conditions of a share-based payment award require an entity to apply modification accounting in Topic 718. Under the new guidance, an entity should account for the effects of a modification unless all of the following are the same immediately before and after the change: (1) the fair value of the modified award, (2) the vesting conditions of the modified award, and (3) the classification of the modified award as either an equity or liability instrument. ASU 2017-09 is effective for the fiscal years, and interim periods within those fiscal years, beginning after December 15, 2017, and should be applied prospectively to awards modified on or after the adoption date. Management does not expect the adoption of this guidance to have a material impact on the Company’s consolidated financial statements. In August 2016, the FASB issued ASU 2016-15, Statement of Cash Flows (Topic 230), Classification of Certain Cash Receipts and Cash payments. The Update provides guidance on how certain cash receipts and payments are presented and classified in the statement of cash flows, with the objective of reducing the diversity in practice. The Update addresses eight specific cash flow issues. For public companies, the ASU is effective for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years, and should be applied retrospectively. Management is evaluating the impact of the new guidance, but does not expect the adoption of this guidance to have a material impact on the Company’s consolidated financial statements. In June 2016, the FASB issued ASU 2016-13, Financial Instruments – Credit Losses (Topic 326). The Update amends guidance on reporting credit losses for assets held at amortized cost basis and available for sale debt securities. For assets held at amortized cost basis, Topic 326 eliminates the probable initial recognition threshold in current GAAP and, instead, requires an entity to reflect its current estimate of all expected credit losses. The Update affects loans, debt securities, trade receivables, net investments in leases, off balance sheet credit exposures, and any other financial assets not excluded from the scope that have the contractual right to receive cash. For public companies, the ASU is effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. Early adoption is available beginning after December 15, 2018, including interim periods within those fiscal years. Adoption will be applied on a modified retrospective basis, through a cumulative-effect adjustment to retained earnings. Management is evaluating the impact, if any, this new guidance will have on the Company’s consolidated financial statements, but cannot yet reasonably estimate the impact of adoption. The Company has formed a working group of key personnel responsible for the allowance for loan losses estimate and has initiated its evaluation of the data and systems requirements of adoption of the Update. The group has determined that purchasing third party software will be the most effective method to comply with the requirements, and has evaluated several outside vendors. The group expects to provide a recommendation of which software would work best for the Company before the end of this fiscal year, June 30, 2018. In February 2016, the FASB issued ASU 2016-02, “Leases,” to revise the accounting related to lease accounting. Under the new guidance, a lessee is required to record a right-of-use (ROU) asset and a lease liability on the balance sheet for all leases with terms longer than 12 months. The ASU is effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. Adoption of the standard requires the use of a modified retrospective transition approach for all periods presented at the time of adoption. Management is evaluating the impact of the new guidance, but does not expect the adoption of this guidance to have a material impact on the Company’s consolidated financial statements. In January 2016, the FASB issued ASU 2016-01, “Recognition and Measurement of Financial Assets and Financial Liabilities,” to generally require equity investments be measured at fair value with changes in fair value recognized in net income, simplify the impairment assessment of equity investments without readily-determinable fair value, and change disclosure and presentation requirements regarding financial instruments and other comprehensive income, and clarify that an entity should evaluate the need for a valuation allowance on a deferred tax asset related to available-for-sale securities in combination with the entity’s other deferred tax assets. In February 2018, the FASB issued ASU 2018-03, Technical Corrections and Improvements to Financial Instruments – Overall (Subtopic 825-10). The amendments in ASU 2018-03 make technical corrections to certain aspects of ASU 2016-01 on recognition of financial assets and financial liabilities. For public entities, the guidance in ASU 2016-01 and amendments in ASU 2018-03 are effective for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. Management is evaluating the new guidance, but does not expect the adoption of this guidance to have a material impact on the Company’s consolidated financial statements. In August 2015, the FASB issued ASU 2015-14, Revenue from Contracts with Customers (Topic 606): Deferral of the Effective Date, which deferred the effective date of ASU 2014-09. In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers (Topic 606): Summary and Amendments that Create Revenue from Contracts with Customers (Topic 606) and Other Assets and Deferred Costs—Contracts with Customers (Subtopic 340-40). The guidance in ASU 2014-09 supersedes the revenue recognition requirements in ASC Topic 605, Revenue Recognition, and most industry-specific guidance throughout the industry topics of the codification. In April 2016, the FASB issued ASU 2016-10, Revenue from Contracts with Customers (Topic 606): Identifying Performance Obligations and Licensing, to clarify two aspects of Topic 606- performance obligations and the licensing implementation guidance. Neither of the two updates changed the core principle of the guidance in Topic 606. In May 2016, the FASB issued ASU 2016-12, Revenue from Contracts with Customers (Topic 606), to provide narrow-scope improvements and practical expedients to ASU 2015-14. For public companies, the original Update was to be effective for interim and annual periods beginning after December 15, 2016. The current ASU states that the provisions of ASU 2014-09 should be applied to annual reporting periods, including interim periods, beginning after December 15, 2017. The Company does not expect the new standard to result in a material change to our accounting for revenue because the majority of our financial instruments are not within the scope of Topic 606, however, it may result in new disclosure requirements..

Note 3_ Securities_ Repurchase

Note 3: Securities: Repurchase Agreements, Collateral, Policy (Policies)	9 Months Ended
	Mar. 31, 2018
Policies
Repurchase Agreements, Collateral, Policy	The carrying value of investment and mortgage-backed securities pledged as collateral to secure public deposits and securities sold under agreements to repurchase amounted to $116.1 million at March 31, 2018 and $114.1 million at June 30, 2017. The securities pledged consist of marketable securities, including $7.4 million and $6.5 million of U.S. Government and Federal Agency Obligations, $40.8 million and $50.5 million of Mortgage-Backed Securities, $28.3 million and $19.9 million of Collateralized Mortgage Obligations, $39.2 million and $36.8 million of State and Political Subdivisions Obligations, and $400,000 and $400,000 of Other Securities at March 31, 2018 and June 30, 2017, respectively.

Note 3_ Securities_ Other Secur

Note 3: Securities: Other Securities Policy (Policies)	9 Months Ended
	Mar. 31, 2018
Policies
Other Securities Policy	Other securities. At March 31, 2018, there were 2 pooled trust preferred securities with an estimated fair value of $750 ,000 and unrealized losses of $221 ,000 in a continuous unrealized loss position for twelve months or more. These unrealized losses were primarily due to the long-term nature of the pooled trust preferred securities and a reduced demand for these securities, and concerns regarding the financial institutions that issued the underlying trust preferred securities. Rules adopted by the federal banking agencies in December 2013 to implement Section 619 of the Dodd-Frank Act (the “Volcker Rule”) generally prohibit banking entities from engaging in proprietary trading and from investing in, sponsoring, or having certain relationships with a hedge fund or private equity fund. The pooled trust preferred securities owned by the Company were included in a January 2014 listing of securities which the agencies considered to be grandfathered with regard to these prohibitions; as such, banking entities are permitted to retain their interest in these securities, provided the interest was acquired on or before December 10, 2013, unless acquired pursuant to a merger or acquisition. The March 31, 2018, cash flow analysis for these two securities indicated it is probable the Company will receive all contracted principal and related interest projected. The cash flow analysis used in making this determination was based on anticipated default, recovery, and prepayment rates, and the resulting cash flows were discounted based on the yield spread anticipated at the time the securities were purchased. Other inputs include the actual collateral attributes, which include credit ratings and other performance indicators of the underlying financial institutions, including profitability, capital ratios, and asset quality. Assumptions for these two securities included annualized prepayments of 1.4 to 1.6 percent; no recoveries on currently deferred issuers; new deferrals of 40 to 50 basis points annually; and eventual recoveries of nine percent of new deferrals. One of these two securities has continued to receive cash interest payments in full since our purchase; the other security received principal-in-kind (PIK), in lieu of cash interest, for a period of time following the recession and financial crisis which began in 2008, but resumed cash interest payments during fiscal 2014. Our cash flow analysis indicates that cash interest payments are expected to continue for the securities. Because the Company does not intend to sell these securities and it is not more-likely-than-not that the Company will be required to sell these securities prior to recovery of their amortized cost basis, which may be maturity, the Company does not consider these investments to be other-than-temporarily impaired at March 31, 2018. The Company does not believe any other individual unrealized loss as of March 31, 2018, represents OTTI. However, the Company could be required to recognize OTTI losses in future periods with respect to its available for sale investment securities portfolio. The amount and timing of any additional OTTI will depend on the decline in the underlying cash flows of the securities. Should the impairment of any of these securities become other-than-temporary, the cost basis of the investment will be reduced and the resulting loss recognized in the period the other-than-temporary impairment is identified.

Note 3_ Securities_ Credit Loss

Note 3: Securities: Credit Losses Recognized on Investments Policy (Policies)	9 Months Ended
	Mar. 31, 2018
Policies
Credit Losses Recognized on Investments Policy	Credit losses recognized on investments.

Note 4_ Loans and Allowance f43

Note 4: Loans and Allowance for Loan Losses: Residential Mortgage Lending Policy (Policies)	9 Months Ended
	Mar. 31, 2018
Policies
Residential Mortgage Lending Policy	Residential Mortgage Lending. The Company actively originates loans for the acquisition or refinance of one- to four-family residences. This category includes both fixed-rate and adjustable-rate mortgage (“ARM”) loans amortizing over periods of up to 30 years, and the properties securing such loans may be owner-occupied or non-owner-occupied. Single-family residential loans do not generally exceed 90% of the lower of the appraised value or purchase price of the secured property. Substantially all of the one- to four-family residential mortgage originations in the Company’s portfolio are located within the Company’s primary lending area. The Company also originates loans secured by multi-family residential properties that are often located outside the Company’s primary lending area but made to borrowers who operate within the primary market area. The majority of the multi-family residential loans that are originated by the Bank are amortized over periods generally up to 25 years, with balloon maturities typically up to ten years. Both fixed and adjustable interest rates are offered and it is typical for the Company to include an interest rate “floor” and “ceiling” in the loan agreement. Generally, multi-family residential loans do not exceed 85% of the lower of the appraised value or purchase price of the secured property.

Note 4_ Loans and Allowance f44

Note 4: Loans and Allowance for Loan Losses: Commercial Real Estate Lending Policy (Policies)	9 Months Ended
	Mar. 31, 2018
Policies
Commercial Real Estate Lending Policy	Commercial Real Estate Lending. The Company actively originates loans secured by commercial real estate including land (improved, unimproved, and farmland), strip shopping centers, retail establishments and other businesses. These properties are typically owned and operated by borrowers headquartered within the Company’s primary lending area, however, the property may be located outside our primary lending area. Most commercial real estate loans originated by the Company are based on amortization schedules of up to 25 years with monthly principal and interest payments. Generally, the interest rate received on these loans is fixed for a maturity for up to seven years, with a balloon payment due at maturity. Alternatively, for some loans, the interest rate adjusts at least annually after an initial period up to seven years. The Company typically includes an interest rate “floor” in the loan agreement. Generally, improved commercial real estate loan amounts do not exceed 80% of the lower of the appraised value or the purchase price of the secured property. Agricultural real estate terms offered differ slightly, with amortization schedules of up to 25 years with an 80% loan-to-value ratio, or 30 years with a 75% loan-to-value ratio.

Note 4_ Loans and Allowance f45

Note 4: Loans and Allowance for Loan Losses: Construction Lending Policy (Policies)	9 Months Ended
	Mar. 31, 2018
Policies
Construction Lending Policy	Construction Lending. The Company originates real estate loans secured by property or land that is under construction or development. Construction loans originated by the Company are generally secured by mortgage loans for the construction of owner occupied residential real estate or to finance speculative construction secured by residential real estate, land development, or owner-operated or non-owner occupied commercial real estate. During construction, these loans typically require monthly interest-only payments and have maturities ranging from six to twelve months. Once construction is completed, loans may be converted to permanent status with monthly payments using amortization schedules of up to 30 years on residential and generally up to 25 years on commercial real estate. While the Company typically utilizes maturity periods ranging from 6 to 12 months to closely monitor the inherent risks associated with construction loans for these loans, weather conditions, change orders, availability of materials and/or labor, and other factors may contribute to the lengthening of a project, thus necessitating the need to renew the construction loan at the balloon maturity. Such extensions are typically executed in incremental three month periods to facilitate project completion. The Company’s average term of construction loans is approximately eight months. During construction, loans typically require monthly interest only payments which may allow the Company an opportunity to monitor for early signs of financial difficulty should the borrower fail to make a required monthly payment. Additionally, during the construction phase, the Company typically obtains interim inspections completed by an independent third party. This monitoring further allows the Company opportunity to assess risk. At March 31, 2018 construction loans outstanding included 62 loans, totaling $12.4 million , for which a modification had been agreed to. At June 30, 2017, construction loans outstanding included 50 loans, totaling $10.3 million , for which a modification had been agreed to. All modifications were solely for the purpose of extending the maturity date due to conditions described above. None of these modifications were executed due to financial difficulty on the part of the borrower and, therefore, were not accounted for as TDRs .

Note 4_ Loans and Allowance f46

Note 4: Loans and Allowance for Loan Losses: Consumer Lending Policy (Policies)	9 Months Ended
	Mar. 31, 2018
Policies
Consumer Lending Policy	Consumer Lending . The Company offers a variety of secured consumer loans, including home equity, direct and indirect automobile loans, second mortgages, mobile home loans and loans secured by deposits. The Company originates substantially all of its consumer loans in its primary lending area. Usually, consumer loans are originated with fixed rates for terms of up to five years, with the exception of home equity lines of credit, which are variable, tied to the prime rate of interest and are for a period of ten years. Home equity lines of credit (HELOCs) are secured with a deed of trust and are issued up to 100% of the appraised or assessed value of the property securing the line of credit, less the outstanding balance on the first mortgage and are typically issued for a term of ten years. Interest rates on the HELOCs are generally adjustable. Interest rates are based upon the loan-to-value ratio of the property with better rates given to borrowers with more equity. Automobile loans originated by the Company include both direct loans and a smaller amount of loans originated by auto dealers. The Company generally pays a negotiated fee back to the dealer for indirect loans. Typically, automobile loans are made for terms of up to 60 months for new and used vehicles. Loans secured by automobiles have fixed rates and are generally made in amounts up to 100% of the purchase price of the vehicle.

Note 4_ Loans and Allowance f47

Note 4: Loans and Allowance for Loan Losses: Commercial Business Lending Policy (Policies)	9 Months Ended
	Mar. 31, 2018
Policies
Commercial Business Lending Policy	Commercial Business Lending . The Company’s commercial business lending activities encompass loans with a variety of purposes and security, including loans to finance accounts receivable, inventory, equipment and operating lines of credit, including agricultural production and equipment loans. The Company offers both fixed and adjustable rate commercial business loans. Generally, commercial loans secured by fixed assets are amortized over periods up to five years, while commercial operating lines of credit or agricultural production lines are generally for a one year period.

Note 3_ Securities_ Schedule of

Note 3: Securities: Schedule of Available for Sale Securities (Tables)	9 Months Ended
	Mar. 31, 2018
Tables/Schedules
Schedule of Available for Sale Securities	March 31, 2018 Gross Gross Estimated Amortized Unrealized Unrealized Fair (dollars in thousands) Cost Gains Losses Value Investment and mortgage backed securities: U.S. government-sponsored enterprises (GSEs) $11,504 $- $(120) $11,384 State and political subdivisions 51,457 395 (555) 51,297 Other securities 5,291 76 (235) 5,132 Mortgage-backed: GSE residential 80,313 1 (2,000) 78,314 Total investments and mortgage-backed securities $148,565 $472 $(2,910) $146,127 June 30, 2017 Gross Gross Estimated Amortized Unrealized Unrealized Fair (dollars in thousands) Cost Gains Losses Value Investment and mortgage backed securities: U.S. government-sponsored enterprises (GSEs) $10,433 $17 $(12) $10,438 State and political subdivisions 49,059 1,046 (127) 49,978 Other securities 6,017 306 (598) 5,725 Mortgage-backed GSE residential 78,088 490 (303) 78,275 Total investments and mortgage-backed securities $143,597 $1,859 $(1,040) $144,416

Note 3_ Securities_ Contractual

Note 3: Securities: Contractual Obligation, Fiscal Year Maturity Schedule (Tables)	9 Months Ended
	Mar. 31, 2018
Tables/Schedules
Contractual Obligation, Fiscal Year Maturity Schedule	March 31, 2018 Amortized Estimated (dollars in thousands) Cost Fair Value Within one year $4,762 $4,759 After one year but less than five years 20,065 19,944 After five years but less than ten years 23,277 23,243 After ten years 20,148 19,867 Total investment securities 68,252 67,813 Mortgage-backed securities 80,313 78,314 Total investments and mortgage-backed securities $148,565 $146,127

Note 3_ Securities_ Available-f

Note 3: Securities: Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value (Tables)	9 Months Ended
	Mar. 31, 2018
Tables/Schedules
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	March 31, 2018 Less than 12 months 12 months or more Total Unrealized Unrealized Unrealized Fair Value Losses Fair Value Losses Fair Value Losses (dollars in thousands) U.S. government-sponsored enterprises (GSEs) $7,943 $65 $2,443 $55 $10,386 $120 Obligations of state and political subdivisions 19,157 292 8,215 263 27,372 555 Other securities 985 7 1,069 228 2,054 235 Mortgage-backed securities 57,193 1,185 21,015 815 78,208 2,000 Total investments and mortgage-backed securities $85,278 $1,549 $32,742 $1,361 $118,020 $2,910 June 30, 2017 Less than 12 months 12 months or more Total Unrealized Unrealized Unrealized Fair Value Losses Fair Value Losses Fair Value Losses (dollars in thousands) U.S. government-sponsored enterprises (GSEs) $6,457 $12 $- $- $6,457 $12 Obligations of state and political subdivisions 12,341 127 256 - 12,597 127 Other securities - - 1,160 598 1,160 598 Mortgage-backed securities 29,836 267 2,285 36 32,121 303 Total investments and mortgage-backed securities $48,634 $406 $3,701 $634 $52,335 $1,040

Note 3_ Securities_ Other than

Note 3: Securities: Other than Temporary Impairment, Credit Losses Recognized in Earnings (Tables)	9 Months Ended
	Mar. 31, 2018
Tables/Schedules
Other than Temporary Impairment, Credit Losses Recognized in Earnings	Accumulated Credit Losses Nine-Month Period Ended (dollars in thousands) March 31, 2018 2017 Credit losses on debt securities held Beginning of period $340 $352 Additions related to OTTI losses not previously recognized - - Reductions due to sales (333) - Reductions due to change in intent or likelihood of sale - - Additions related to increases in previously-recognized OTTI losses - - Reductions due to increases in expected cash flows (7) (9) End of period $- $343

Note 4_ Loans and Allowance f52

Note 4: Loans and Allowance for Loan Losses: Schedule of Accounts, Notes, Loans and Financing Receivable (Tables)	9 Months Ended
	Mar. 31, 2018
Tables/Schedules
Schedule of Accounts, Notes, Loans and Financing Receivable	Classes of loans are summarized as follows: (dollars in thousands) March 31, 2018 June 30, 2017 Real Estate Loans: Residential $457,825 $442,463 Construction 115,589 106,782 Commercial 693,606 603,922 Consumer loans 71,941 63,651 Commercial loans 255,317 247,184 1,594,278 1,464,002 Loans in process (54,571) (50,740) Deferred loan fees, net 1 6 Allowance for loan losses (17,263) (15,538) Total loans $1,522,445 $1,397,730

Note 4_ Loans and Allowance f53

Note 4: Loans and Allowance for Loan Losses: Schedule of balance in the allowance for loan losses and recorded investment (Tables)	9 Months Ended
	Mar. 31, 2018
Tables/Schedules
Schedule of balance in the allowance for loan losses and recorded investment	At period end and for the nine months ended March 31, 2018 Residential Construction Commercial (dollars in thousands) Real Estate Real Estate Real Estate Consumer Commercial Total Allowance for loan losses: Balance, beginning of period $3,230 $964 $7,068 $757 $3,519 $15,538 Provision charged to expense (110) (15) 1,627 169 389 2,060 Losses charged off (170) - (41) (118) (22) (351) Recoveries 2 - 1 6 7 16 Balance, end of period $2,952 $949 $8,655 $814 $3,893 $17,263 Ending Balance: individually evaluated for impairment $- $- $410 $- $340 $750 Ending Balance: collectively evaluated for impairment $2,952 $949 $8,245 $814 $3,553 $16,513 Ending Balance: loans acquired with deteriorated credit quality $- $- $- $- $- $- Loans: Ending Balance: individually evaluated for impairment $- $- $699 $- $580 $1,279 Ending Balance: collectively evaluated for impairment $454,614 $59,715 $685,282 $71,941 $252,271 $1,523,823 Ending Balance: loans acquired with deteriorated credit quality $3,211 $1,303 $7,625 $- $2,466 $14,605 For the three months ended March 31, 2018 Residential Construction Commercial (dollars in thousands) Real Estate Real Estate Real Estate Consumer Commercial Total Allowance for loan losses: Balance, beginning of period $3,286 $886 $8,303 $828 $3,564 $16,867 Provision charged to expense (243) 63 356 44 330 550 Losses charged off (92) - (6) (60) (1) (159) Recoveries 1 - 2 2 - 5 Balance, end of period $2,952 $949 $8,655 $814 $3,893 $17,263 At period end and for the nine months ended March 31, 2017 Residential Construction Commercial (dollars in thousands) Real Estate Real Estate Real Estate Consumer Commercial Total Allowance for loan losses: Balance, beginning of period $3,247 $1,091 $5,711 $738 $3,004 $13,791 Provision charged to expense 246 (162) 1,405 16 452 1,957 Losses charged off (201) (31) (4) (50) (337) (623) Recoveries 7 1 18 9 30 65 Balance, end of period $3,299 $899 $7,130 $713 $3,149 $15,190 Ending Balance: individually evaluated for impairment $- $- $- $- $- $- Ending Balance: collectively evaluated for impairment $3,299 $899 $7,130 $713 $3,149 $15,190 Ending Balance: loans acquired with deteriorated credit quality $- $- $- $- $- $- For the three months ended March 31, 2017 Residential Construction Commercial (dollars in thousands) Real Estate Real Estate Real Estate Consumer Commercial Total Allowance for loan losses: Balance, beginning of period $3,472 $891 $6,851 $756 $3,022 $14,992 Provision charged to expense (70) 8 280 (35) 193 376 Losses charged off (104) - (4) (11) (67) (186) Recoveries 1 - 3 3 1 8 Balance, end of period $3,299 $899 $7,130 $713 $3,149 $15,190 At June 30, 2017 Residential Construction Commercial (dollars in thousands) Real Estate Real Estate Real Estate Consumer Commercial Total Allowance for loan losses: Balance, end of period $3,230 $964 $7,068 $757 $3,519 $15,538 Ending Balance: individually evaluated for impairment $- $- $- $- $- $- Ending Balance: collectively evaluated for impairment $3,230 $964 $7,068 $757 $3,519 $15,538 Ending Balance: loans acquired with deteriorated credit quality $- $- $- $- $- $- Loans: Ending Balance: individually evaluated for impairment $- $- $- $- $- $- Ending Balance: collectively evaluated for impairment $438,981 $54,704 $592,427 $63,651 $243,369 $1,393,132 Ending Balance: loans acquired with deteriorated credit quality $3,482 $1,338 $11,495 $- $3,815 $20,130

Note 4_ Loans and Allowance f54

Note 4: Loans and Allowance for Loan Losses: Financing Receivable Credit Quality Indicators (Tables)	9 Months Ended
	Mar. 31, 2018
Tables/Schedules
Financing Receivable Credit Quality Indicators	March 31, 2018 Residential Construction Commercial (dollars in thousands) Real Estate Real Estate Real Estate Consumer Commercial Pass $450,857 $60,984 $679,521 $71,722 $251,426 Watch 4,305 - 7,261 118 436 Special Mention 146 - 932 29 74 Substandard 2,517 34 5,193 72 2,199 Doubtful - - 699 - 1,182 Total $457,825 $61,018 $693,606 $71,941 $255,317 June 30, 2017 Residential Construction Commercial (dollars in thousands) Real Estate Real Estate Real Estate Consumer Commercial Pass $438,222 $55,825 $588,385 $63,320 $240,864 Watch 772 - 9,253 123 2,003 Special Mention 148 - 926 30 84 Substandard 3,321 217 5,358 178 3,631 Doubtful - - - - 602 Total $442,463 $56,042 $603,922 $63,651 $247,184

Note 4_ Loans and Allowance f55

Note 4: Loans and Allowance for Loan Losses: Schedule of Loan Portfolio Aging Analysis (Tables)	9 Months Ended
	Mar. 31, 2018
Tables/Schedules
Schedule of Loan Portfolio Aging Analysis	The following tables present the Company’s loan portfolio aging analysis (excluding loans in process and deferred loan fees) as of March 31, 2018 Greater Than Greater Than 90 30-59 Days 60-89 Days 90 Days Total Total Loans Days Past Due (dollars in thousands) Past Due Past Due Past Due Past Due Current Receivable and Accruing Real Estate Loans: Residential $1,372 $2,098 $1,261 $4,731 $453,094 $457,825 $- Construction - - - - 61,018 61,018 - Commercial 275 769 446 1,490 692,116 693,606 - Consumer loans 446 62 156 664 71,277 71,941 - Commercial loans 93 211 34 338 254,979 255,317 - Total loans $2,186 $3,140 $1,897 $7,223 $1,532,484 $1,539,707 $- June 30, 2017 Greater Than Greater Than 90 30-59 Days 60-89 Days 90 Days Total Total Loans Days Past Due (dollars in thousands) Past Due Past Due Past Due Past Due Current Receivable and Accruing Real Estate Loans: Residential $1,491 $148 $676 $2,315 $440,148 $442,463 $59 Construction 35 - - 35 56,007 56,042 - Commercial 700 - 711 1,411 602,511 603,922 - Consumer loans 216 16 134 366 63,285 63,651 13 Commercial loans 144 53 426 623 246,561 247,184 329 Total loans $2,586 $217 $1,947 $4,750 $1,408,512 $1,413,262 $401

Note 4_ Loans and Allowance f56

Note 4: Loans and Allowance for Loan Losses: Schedule of Impaired Loans (Tables)	9 Months Ended
	Mar. 31, 2018
Tables/Schedules
Schedule of Impaired Loans	March 31, 2018 Recorded Unpaid Principal Specific (dollars in thousands) Balance Balance Allowance Loans without a specific valuation allowance: Residential real estate $3,827 $4,474 $- Construction real estate 1,336 1,604 - Commercial real estate 14,090 15,463 - Consumer loans 27 27 - Commercial loans 2,911 3,539 - Loans with a specific valuation allowance: Residential real estate $- $- $- Construction real estate - - - Commercial real estate 699 699 410 Consumer loans - - - Commercial loans 580 580 340 Total: Residential real estate $3,827 $4,474 $- Construction real estate $1,336 $1,604 $- Commercial real estate $14,789 $16,162 $410 Consumer loans $27 $27 $- Commercial loans $3,491 $4,119 $340 June 30, 2017 Recorded Unpaid Principal Specific (dollars in thousands) Balance Balance Allowance Loans without a specific valuation allowance: Residential real estate $3,811 $4,486 $- Construction real estate 1,373 1,695 - Commercial real estate 14,935 16,834 - Consumer loans 1 1 - Commercial loans 4,302 4,990 - Loans with a specific valuation allowance: Residential real estate $- $- $- Construction real estate - - - Commercial real estate - - - Consumer loans - - - Commercial loans - - - Total: Residential real estate $3,811 $4,486 $- Construction real estate $1,373 $1,695 $- Commercial real estate $14,935 $16,834 $- Consumer loans $1 $1 $- Commercial loans $4,302 $4,990 $-

Note 4_ Loans and Allowance f57

Note 4: Loans and Allowance for Loan Losses: Schedule of Interest Income Recognized on Impaired Loans (Tables)	9 Months Ended
	Mar. 31, 2018
Tables/Schedules
Schedule of Interest Income Recognized on Impaired Loans	For the three-month period ended March 31, 2018 Average (dollars in thousands) Investment in Interest Income Impaired Loans Recognized Residential Real Estate $3,322 $45 Construction Real Estate 1,312 43 Commercial Real Estate 8,532 436 Consumer Loans - - Commercial Loans 2,855 44 Total Loans $16,021 $568 For the three-month period ended March 31, 2017 Average (dollars in thousands) Investment in Interest Income Impaired Loans Recognized Residential Real Estate $2,857 $22 Construction Real Estate 1,362 38 Commercial Real Estate 9,513 146 Consumer Loans - - Commercial Loans 889 19 Total Loans $14,621 $225 For the nine-month period ended March 31, 2018 Average (dollars in thousands) Investment in Interest Income Impaired Loans Recognized Residential Real Estate $3,395 $172 Construction Real Estate 1,323 122 Commercial Real Estate 9,905 987 Consumer Loans - - Commercial Loans 3,328 153 Total Loans $17,951 $1,434 For the nine-month period ended March 31, 2017 Average (dollars in thousands) Investment in Interest Income Impaired Loans Recognized Residential Real Estate $2,893 $73 Construction Real Estate 1,378 109 Commercial Real Estate 9,681 513 Consumer Loans - - Commercial Loans 957 56 Total Loans $14,909 $751

Note 4_ Loans and Allowance f58

Note 4: Loans and Allowance for Loan Losses: Schedule of Financing Receivables, Non Accrual Status (Tables)	9 Months Ended
	Mar. 31, 2018
Tables/Schedules
Schedule of Financing Receivables, Non Accrual Status	(dollars in thousands) March 31, 2018 June 30, 2017 Residential real estate $3,026 $1,263 Construction real estate 34 35 Commercial real estate 1,970 960 Consumer loans 231 158 Commercial loans 957 409 Total loans $6,218 $2,825

Note 4_ Loans and Allowance f59

Note 4: Loans and Allowance for Loan Losses: Schedule of Debtor Troubled Debt Restructuring, Current Period (Tables)	9 Months Ended
	Mar. 31, 2018
Tables/Schedules
Schedule of Debtor Troubled Debt Restructuring, Current Period	For the three-month periods ended March 31, 2018 March 31, 2017 Number of Recorded Number of Recorded (dollars in thousands) modifications Investment modifications Investment Residential real estate 4 $305 1 $40 Construction real estate - - - - Commercial real estate 1 55 - - Consumer loans 2 27 1 15 Commercial loans 2 64 - - Total 9 $451 2 $55 For the nine-month periods ended March 31, 2018 March 31, 2017 Number of Recorded Number of Recorded (dollars in thousands) modifications Investment modifications Investment Residential real estate 4 $305 1 $40 Construction real estate - - 1 36 Commercial real estate 1 55 4 2,250 Consumer loans 2 27 3 16 Commercial loans 2 64 1 2 Total 9 $451 10 $2,344

Note 4_ Loans and Allowance f60

Note 4: Loans and Allowance for Loan Losses: Performing Loans Classified as Troubled Debt Restructuring Loans (Tables)	9 Months Ended
	Mar. 31, 2018
Tables/Schedules
Performing Loans Classified as Troubled Debt Restructuring Loans	March 31, 2018 June 30, 2017 Number of Recorded Number of Recorded (dollars in thousands) modifications Investment modifications Investment Residential real estate 12 $809 10 $1,756 Construction real estate - - - - Commercial real estate 13 8,101 13 5,206 Consumer loans 2 26 - - Commercial loans 8 2,911 6 3,946 Total 35 $11,847 29 $10,908

Note 5_ Accounting For Certai61

Note 5: Accounting For Certain Loans Acquired in A Transfer: Schedule of Acquired Loans with Credit Deterioration (Tables)	9 Months Ended
	Mar. 31, 2018
Tables/Schedules
Schedule of Acquired Loans with Credit Deterioration	(dollars in thousands) March 31, 2018 June 30, 2017 Residential real estate $3,859 $4,158 Construction real estate 1,570 1,660 Commercial real estate 8,999 13,394 Consumer loans - - Commercial loans 3,094 4,502 Outstanding balance $17,522 $23,714 Carrying amount, net of fair value adjustment of $2,917 and $3,584 at March 31, 2018, and June 30, 2017, respectively $14,605 $20,130

Note 5_ Accounting For Certai62

Note 5: Accounting For Certain Loans Acquired in A Transfer: Schedule of Acquired Loans in Transfer Accretable Yield (Tables)	9 Months Ended
	Mar. 31, 2018
Tables/Schedules
Schedule of Acquired Loans in Transfer Accretable Yield	For the three-month period ended (dollars in thousands) March 31, 2018 March 31, 2017 Balance at beginning of period $607 $626 Additions - - Accretion (334) (56) Reclassification from nonaccretable difference 335 61 Disposals - - Balance at end of period $608 $631 For the nine-month period ended (dollars in thousands) March 31, 2018 March 31, 2017 Balance at beginning of period $609 $656 Additions - - Accretion (594) (217) Reclassification from nonaccretable difference 593 192 Disposals - - Balance at end of period $608 $631

Note 6_ Deposits_ Schedule of D

Note 6: Deposits: Schedule of Deposit Liabilities (Tables)	9 Months Ended
	Mar. 31, 2018
Tables/Schedules
Schedule of Deposit Liabilities	(dollars in thousands) March 31, 2018 June 30, 2017 Non-interest bearing accounts $196,914 $186,203 NOW accounts 580,790 479,488 Money market deposit accounts 117,597 105,599 Savings accounts 152,023 147,247 Certificates 527,013 537,060 Total Deposit Accounts $1,574,337 $1,455,597

Note 7_ Earnings Per Share_ Sch

Note 7: Earnings Per Share: Schedule of Earnings Per Share, Basic and Diluted (Tables)	9 Months Ended
	Mar. 31, 2018
Tables/Schedules
Schedule of Earnings Per Share, Basic and Diluted	Three months ended Nine months ended March 31, March 31, 2018 2017 2018 2017 (dollars in thousands except per share data) Net income available to common shareholders $5,258 $3,954 $15,291 $11,839 Average Common shares – outstanding basic 8,762,344 7,450,041 8,647,593 7,442,525 Stock options under treasury stock method 13,062 28,626 12,790 25,976 Average Common shares – outstanding diluted 8,775,406 7,478,667 8,660,383 7,468,501 Basic earnings per common share $0.60 $0.53 $1.77 $1.59 Diluted earnings per common share $0.60 $0.53 $1.77 $1.59

Note 8_ Income Taxes_ Schedule

Note 8: Income Taxes: Schedule of Effective Income Tax Rate Reconciliation (Tables)	9 Months Ended
	Mar. 31, 2018
Tables/Schedules
Schedule of Effective Income Tax Rate Reconciliation	For the three-month period ended For the nine-month periods ended (dollars in thousands) March 31, 2018 March 31, 2017 March 31, 2018 March 31, 2017 Income taxes Current $2,864 $1,457 $7,525 $4,316 Deferred (1,054) 6 (1,280) 240 Total income tax provision $1,810 $1,463 $6,245 $4,556

Note 8_ Income Taxes_ Schedul66

Note 8: Income Taxes: Schedule of Deferred Tax Assets and Liabilities (Tables)	9 Months Ended
	Mar. 31, 2018
Tables/Schedules
Schedule of Deferred Tax Assets and Liabilities	(dollars in thousands) March 31, 2018 June 30, 2017 Deferred tax assets: Provision for losses on loans $4,193 $5,563 Accrued compensation and benefits 618 1,068 Other-than-temporary impairment on available for sale securities - 128 NOL carry forwards acquired 286 513 Minimum Tax Credit 130 130 Unrealized loss on other real estate 124 131 Unrealized loss on available for sale securities 585 - Other 407 - Total deferred tax assets 6,343 7,533 Deferred tax liabilities: Purchase accounting adjustments 946 1,193 Depreciation 1,100 2,734 FHLB stock dividends 130 203 Prepaid expenses 128 213 Unrealized gain on available for sale securities - 295 Other 270 991 Total deferred tax liabilities 2,574 5,629 Net deferred tax asset $3,769 $1,904

Note 8_ Income Taxes_ Schedul67

Note 8: Income Taxes: Schedule of Reconciliation of Income Tax Expense at the Statutory Rate to Actual Income Tax (Tables)	9 Months Ended
	Mar. 31, 2018
Tables/Schedules
Schedule of Reconciliation of Income Tax Expense at the Statutory Rate to Actual Income Tax	For the three-month period ended For the nine-month periods ended (dollars in thousands) March 31, 2018 March 31, 2017 March 31, 2018 March 31, 2017 Tax at statutory rate $1,986 $1,896 $6,052 $5,738 Increase (reduction) in taxes resulting from: Nontaxable municipal income (115) (124) (341) (385) State tax, net of Federal benefit 287 52 530 160 Cash surrender value of Bank-owned life insurance (66) (176) (197) (323) Tax credit benefits (224) (81) (672) (267) Tax benefits realized on acquisition - - - - Adjustment of deferred tax asset for enacted changes in tax laws - - 1,124 - Other, net (58) (104) (251) (367) Actual provision $1,810 $1,463 $6,245 $4,556

Note 11_ Fair Value Measureme68

Note 11: Fair Value Measurements: Fair Value, Assets Measured on Recurring Basis (Tables)	9 Months Ended
	Mar. 31, 2018
Tables/Schedules
Fair Value, Assets Measured on Recurring Basis	Fair Value Measurements at March 31, 2018 Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs (dollars in thousands) Fair Value (Level 1) (Level 2) (Level 3) U.S. government sponsored enterprises (GSEs) $11,384 $- $11,384 $- State and political subdivisions 51,297 - 51,297 - Other securities 5,132 - 5,132 - Mortgage-backed GSE residential 78,314 - 78,314 - Fair Value Measurements at June 30, 2017, Using: Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs (dollars in thousands) Fair Value (Level 1) (Level 2) (Level 3) U.S. government sponsored enterprises (GSEs) $10,438 $- $10,438 $- State and political subdivisions 49,978 - 49,978 - Other securities 5,725 - 5,725 - Mortgage-backed GSE residential 78,275 - 78,275 -

Note 11_ Fair Value Measureme69

Note 11: Fair Value Measurements: Fair Value Measurements, Nonrecurring (Tables)	9 Months Ended
	Mar. 31, 2018
Tables/Schedules
Fair Value Measurements, Nonrecurring	Fair Value Measurements at March 31, 2018 Quoted Prices in Active Markets for Significant Other Significant Identical Assets Observable Inputs Unobservable Inputs (dollars in thousands) Fair Value (Level 1) (Level 2) (Level 3) Impaired loans (collateral dependent) $529 $- $- $529 Foreclosed and repossessed assets held for sale $4,142 $- $- $4,142 Fair Value Measurements at June 30, 2017, Using: Quoted Prices in Active Markets for Significant Other Significant Identical Assets Observable Inputs Unobservable Inputs (dollars in thousands) Fair Value (Level 1) (Level 2) (Level 3) Foreclosed and repossessed assets held for sale $3,100 $- $- $3,100

Note 11_ Fair Value Measureme70

Note 11: Fair Value Measurements: Gains (Losses) Recognized on Assets Measured on a Nonrecurring Basis (Tables)	9 Months Ended
	Mar. 31, 2018
Tables/Schedules
Gains (Losses) Recognized on Assets Measured on a Nonrecurring Basis	For the nine months ended (dollars in thousands) March 31, 2018 March 31, 2017 Impaired loans (collateral dependent) $(750) $- Foreclosed and repossessed assets held for sale (164) (254) Total (losses) gains on assets measured on a non-recurring basis $(914) $(254)

Note 11_ Fair Value Measureme71

Note 11: Fair Value Measurements: Fair Value Inputs, Assets, Quantitative Information (Tables)	9 Months Ended
	Mar. 31, 2018
Tables/Schedules
Fair Value Inputs, Assets, Quantitative Information	(dollars in thousands) Fair value at March 31, 2018 Valuation technique Unobservable inputs Range of inputs applied Weighted-average inputs applied Nonrecurring Measurements Impaired loans (collateral dependent) $529 Internal Valuation Discount to reflect realizable value n/a 0.0% Foreclosed and repossessed assets $4,142 Third party appraisal Marketability discount 0.0% - 78.4% 33.8% (dollars in thousands) Fair value at Valuation technique Unobservable inputs Range of inputs applied Weighted-average inputs applied Nonrecurring Measurements Foreclosed and repossessed assets $3,100 Third party appraisal Marketability discount 0.0% - 66.4% 40.6%

Note 11_ Fair Value Measureme72

Note 11: Fair Value Measurements: Schedule of Financial Instruments (Tables)	9 Months Ended
	Mar. 31, 2018
Tables/Schedules
Schedule of Financial Instruments	March 31, 2018 Quoted Prices in Active Significant Markets for Significant Other Unobservable Carrying Identical Assets Observable Inputs Inputs (dollars in thousands) Amount (Level 1) (Level 2) (Level 3) Financial assets Cash and cash equivalents $30,781 $30,781 $- $- Interest-bearing time deposits 1,949 - 1,949 - Stock in FHLB 4,535 - 4,535 - Stock in Federal Reserve Bank of St. Louis 3,196 - 3,196 - Loans receivable, net 1,522,445 - - 1,514,486 Accrued interest receivable 7,128 - 7,128 - Financial liabilities Deposits 1,574,337 1,047,533 - 525,233 Securities sold under agreements to repurchase 3,769 - 3,769 - Advances from FHLB 50,850 40,500 10,392 - Note Payable 3,000 - - 3,000 Accrued interest payable 1,138 - 1,138 - Subordinated debt 14,921 - - 13,545 Unrecognized financial instruments (net of contract amount) Commitments to originate loans - - - - Letters of credit - - - - Lines of credit - - - - June 30, 2017 Quoted Prices in Active Significant Markets for Significant Other Unobservable Carrying Identical Assets Observable Inputs Inputs (dollars in thousands) Amount (Level 1) (Level 2) (Level 3) Financial assets Cash and cash equivalents $30,786 $30,786 $- $- Interest-bearing time deposits 747 - 747 - Stock in FHLB 3,547 - 3,547 - Stock in Federal Reserve Bank of St. Louis 2,357 - 2,357 - Loans receivable, net 1,397,730 - - 1,394,164 Accrued interest receivable 6,769 - 6,769 - Financial liabilities Deposits 1,455,597 918,553 - 536,266 Securities sold under agreements to repurchase 10,212 - 10,212 - Advances from FHLB 43,637 20,000 23,781 - Note Payable 3,000 - - 3,000 Accrued interest payable 918 - 918 - Subordinated debt 14,848 - - 11,984 Unrecognized financial instruments (net of contract amount) Commitments to originate loans - - - - Letters of credit - - - - Lines of credit - - - -

Note 12_ Business Combinations_

Note 12: Business Combinations: Schedule of Business Acquisitions, by Acquisition (Tables)	9 Months Ended
	Mar. 31, 2018
Tables/Schedules
Schedule of Business Acquisitions, by Acquisition	Cash $3,860 Common stock, at fair value 12,955 Total consideration $16,815 Recognized amounts of identifiable assets acquired and liabilities assumed Cash and cash equivalents $2,359 Interest bearing time deposits 1,450 Investment securities 5,557 Loans 68,258 Premises and equipment 3,409 BOLI 2,271 Identifiable intangible assets 1,345 Miscellaneous other assets 1,897 Deposits (68,152) FHLB Advances (5,344) Miscellaneous other liabilities (683) Total identifiable net assets 12,367 Goodwill $4,448

Note 2_ Organization and Summ74

Note 2: Organization and Summary of Significant Accounting Policies: Cash and Cash Equivalents, Policy (Details) - USD ($) $ in Thousands	Mar. 31, 2018	Jun. 30, 2017
Details
Cash Due and Interest-Bearing Deposits in Other Depository Institutions	$ 6,000	$ 6,700

Note 2_ Organization and Summ75

Note 2: Organization and Summary of Significant Accounting Policies: Intangible Assets, Finite-Lived, Policy (Details) - USD ($) $ in Thousands	9 Months Ended
	Mar. 31, 2018	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2017
Details
Finite-Lived Core Deposits, Gross	$ 10,600						$ 9,200
Finite-Lived Intangible Assets, Accumulated Amortization	4,800						3,800
Other Finite-Lived Intangible Assets, Gross	3,800						3,800
Gross Other Identifiable Intangibles Accumulated Amortization	3,800						3,800
FHLB Mortgage Servicing Rights	$ 1,400						$ 1,300
Core Deposits and Intangible Assets, Remaining Amortization Period	periods ranging from five to seven years
Finite-Lived Intangible Assets, Amortization Expense, Remainder of Fiscal Year		$ 674	$ 716	$ 1,200	$ 1,300	$ 396
Finite-Lived Intangible Assets, Amortization Expense, after Year Five		$ 1,500

Note 3_ Securities_ Schedule 76

Note 3: Securities: Schedule of Available for Sale Securities (Details) - Investment and mortgage backed securities - USD ($) $ in Thousands	Mar. 31, 2018	Jun. 30, 2017
Available-for-sale Securities, Amortized Cost Basis	$ 148,565	$ 143,597
Available for sale Securities Gross Unrealized Gain	472	1,859
Available For Sale Securities Gross Unrealized Losses	(2,910)	(1,040)
Available-for-sale Securities Estimated Fair Value	146,127	144,416
US Government-sponsored Enterprises Debt Securities
Available-for-sale Securities, Amortized Cost Basis	11,504	10,433
Available for sale Securities Gross Unrealized Gain	0	17
Available For Sale Securities Gross Unrealized Losses	(120)	(12)
Available-for-sale Securities Estimated Fair Value	11,384	10,438
US States and Political Subdivisions Debt Securities
Available-for-sale Securities, Amortized Cost Basis	51,457	49,059
Available for sale Securities Gross Unrealized Gain	395	1,046
Available For Sale Securities Gross Unrealized Losses	(555)	(127)
Available-for-sale Securities Estimated Fair Value	51,297	49,978
Other Securities
Available-for-sale Securities, Amortized Cost Basis	5,291	6,017
Available for sale Securities Gross Unrealized Gain	76	306
Available For Sale Securities Gross Unrealized Losses	(235)	(598)
Available-for-sale Securities Estimated Fair Value	5,132	5,725
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises
Available-for-sale Securities, Amortized Cost Basis	80,313	78,088
Available for sale Securities Gross Unrealized Gain	1	490
Available For Sale Securities Gross Unrealized Losses	(2,000)	(303)
Available-for-sale Securities Estimated Fair Value	$ 78,314	$ 78,275

Note 3_ Securities_ Contractu77

Note 3: Securities: Contractual Obligation, Fiscal Year Maturity Schedule (Details) $ in Thousands	Mar. 31, 2018USD ($)
Details
Available-for-sale Securities, Debt Maturities, Next Twelve Months, Amortized Cost Basis	$ 4,762
Available-for-sale Securities, Debt Maturities, Next Twelve Months, Fair Value	4,759
Available-for-sale Securities, Debt Maturities, Year Two Through Five, Amortized Cost Basis	20,065
Available-for-sale Securities, Debt Maturities, Year Two Through Five, Fair Value	19,944
Available-for-sale Securities, Debt Maturities, Year Six Through Ten, Amortized Cost Basis	23,277
Available-for-sale Securities, Debt Maturities, Year Six Through Ten, Fair Value	23,243
Available-for-sale Securities, Debt Maturities, after Ten Years, Amortized Cost Basis	20,148
Available-for-sale Securities, Debt Maturities, after Ten Years, Fair Value	19,867
Debt and equity securities amortized cost	68,252
Debt and equity securities fair value	67,813
Mortgage-backed securities GSE residential amortized cost	80,313
Mortgage-backed securities GSE residential fair value	78,314
Available-for-sale Securities, Debt Maturities, without Single Maturity Date, Amortized Cost Basis	148,565
Available-for-sale Securities, Debt Maturities, without Single Maturity Date, Fair Value	$ 146,127

Note 3_ Securities_ Repurchas78

Note 3: Securities: Repurchase Agreements, Collateral, Policy (Details) - USD ($) $ in Thousands	Mar. 31, 2018	Jun. 30, 2017
Assets Sold under Agreements to Repurchase, Carrying Amount	$ 116,100	$ 114,100
US Government and Federal Agency Obligations
Assets Sold under Agreements to Repurchase, Carrying Amount	7,400	6,500
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises
Assets Sold under Agreements to Repurchase, Carrying Amount	40,800	50,500
Collateralized Mortgage Obligations
Assets Sold under Agreements to Repurchase, Carrying Amount	28,300	19,900
US States and Political Subdivisions Debt Securities
Assets Sold under Agreements to Repurchase, Carrying Amount	39,200	36,800
Other Securities
Assets Sold under Agreements to Repurchase, Carrying Amount	$ 400	$ 400

Note 3_ Securities_ Gain (loss)

Note 3: Securities: Gain (loss) on sales of available for sale securities (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Mar. 31, 2018	Mar. 31, 2017
Details
Gain Recognized from Sales of Available-for-Sale Securities	$ 344,391		$ 395,843
Loss Recognized from Sales of Available-for-Sale Securities	$ 89,996		$ 104,341
Sales of available-for-sale securities		$ 0		$ 0

Note 3_ Securities_ Available80

Note 3: Securities: Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value (Details) - USD ($) $ in Thousands	Mar. 31, 2018	Jun. 30, 2017
Investment and mortgage backed securities
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value	$ 85,278	$ 48,634
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	1,549	406
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value	32,742	3,701
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	1,361	634
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	118,020	52,335
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss	2,910	1,040
US Government-sponsored Enterprises Debt Securities
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value	7,943	6,457
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	65	12
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value	2,443	0
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	55	0
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	10,386	6,457
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss	120	12
US States and Political Subdivisions Debt Securities
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value	19,157	12,341
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	292	127
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value	8,215	256
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	263	0
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	27,372	12,597
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss	555	127
Other Debt Obligations
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value	985	0
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	7	0
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value	1,069	1,160
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	228	598
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	2,054	1,160
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss	235	598
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value	57,193	29,836
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	1,185	267
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value	21,015	2,285
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	815	36
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	78,208	32,121
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss	$ 2,000	$ 303

Note 3_ Securities_ Other Sec81

Note 3: Securities: Other Securities Policy: Pooled Trust Preferred Securities (Details) $ in Thousands	Mar. 31, 2018USD ($)
Details
Number of Pooled Trust Preferred Securities	2
Fair Value of Pooled Trust Preferred Securities Held	$ 750
Unrealized Losses on Pooled Trust Preferred Securities in a Continuous Unrealized Loss Position for 12 Months or More	$ 221

Note 3_ Securities_ Other tha82

Note 3: Securities: Other than Temporary Impairment, Credit Losses Recognized in Earnings (Details) - USD ($) $ in Thousands	9 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Other than Temporary Impairment, Credit Losses Recognized in Earnings, Additions, Additional Credit Losses	$ 0	$ 0
Other than Temporary Impairment, Credit Losses Recognized in Earnings, Reductions, Securities Sold	(333)	0
Other than Temporary Impairment, Credit Losses Recognized in Earnings, Reductions, Change in Status	0	0
Other than temporary impairment credit losses additions related to increases in previously recognized losses	0	0
Other than Temporary Impairment, Credit Losses Recognized in Earnings, Reductions, Cash Flows	(7)	(9)
Beginning of period
Other Than Temporary Impairment Credit Losses Recognized In Earnings Credit Losses On Debt Securities Held	340	352
End of period
Other Than Temporary Impairment Credit Losses Recognized In Earnings Credit Losses On Debt Securities Held	$ 0	$ 343

Note 4_ Loans and Allowance f83

Note 4: Loans and Allowance for Loan Losses: Schedule of Accounts, Notes, Loans and Financing Receivable (Details) - USD ($) $ in Thousands	Mar. 31, 2018	Jun. 30, 2017
Loans Receivable, Net	$ 1,522,445	$ 1,397,730
Consumer Loan
Loans Receivable, Net	71,941	63,651
Commercial Loan
Loans Receivable, Net	255,317	247,184
Loans Receivable Gross
Loans Receivable, Net	1,594,278	1,464,002
Loans in process
Loans Receivable, Net	(54,571)	(50,740)
Deferred loan fees, net
Loans Receivable, Net	1	6
Allowance for Loan and Lease Losses
Loans Receivable, Net	(17,263)	(15,538)
Loans Receivable Net
Loans Receivable, Net	1,522,445	1,397,730
Residential Mortgage
Loans Receivable, Net	457,825	442,463
Construction Real Estate
Loans Receivable, Net	115,589	106,782
Commercial Real Estate
Loans Receivable, Net	$ 693,606	$ 603,922

Note 4_ Loans and Allowance f84

Note 4: Loans and Allowance for Loan Losses: Construction Lending Policy: Construction Loans Modified for other than TDR (Details) - Construction Loans $ in Thousands	Mar. 31, 2018USD ($)	Jun. 30, 2017USD ($)
Number of Loans Modified for Other Than TDR	62	50
Amount of Loans Modified for Other Than TDR	$ 12,400	$ 10,300

Note 4_ Loans and Allowance f85

Note 4: Loans and Allowance for Loan Losses: Schedule of balance in the allowance for loan losses and recorded investment (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Mar. 31, 2018	Mar. 31, 2017	Mar. 31, 2018	Mar. 31, 2017
Residential Mortgage
Provision for Loan Losses Expensed		$ (243)	$ (70)	$ (110)	$ 246
Allowance for Loan and Lease Losses, Write-offs		(92)	(104)	(170)	(201)
Allowance for Doubtful Accounts Receivable, Recoveries		1	1	2	7
Residential Mortgage | Beginning of period
Allowance for loan losses	$ 3,230	3,286	3,472	3,230	3,247
Residential Mortgage | End of period
Allowance for loan losses		2,952	3,299	2,952	3,299
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment	0	0	0	0	0
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment	3,230	2,952	3,299	2,952	3,299
Financing Receivables Allowance for Credit Losses Acquired with Deteriorated Credit Quality	0			0	0
Financing Receivable, Individually Evaluated for Impairment	0	0		0
Financing Receivable, Collectively Evaluated for Impairment	438,981	454,614		454,614
Financing Receivables Acquired with Deteriorated Credit Quality	3,482			3,211
Construction Loan Payable
Provision for Loan Losses Expensed		63	8	(15)	(162)
Allowance for Loan and Lease Losses, Write-offs		0	0	0	(31)
Allowance for Doubtful Accounts Receivable, Recoveries		0	0	0	1
Construction Loan Payable | Beginning of period
Allowance for loan losses	964	886	891	964	1,091
Construction Loan Payable | End of period
Allowance for loan losses		949	899	949	899
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment	0	0	0	0	0
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment	964	949	899	949	899
Financing Receivables Allowance for Credit Losses Acquired with Deteriorated Credit Quality	0			0	0
Financing Receivable, Individually Evaluated for Impairment	0	0		0
Financing Receivable, Collectively Evaluated for Impairment	54,704	59,715		59,715
Financing Receivables Acquired with Deteriorated Credit Quality	1,338			1,303
Commercial Real Estate
Provision for Loan Losses Expensed		356	280	1,627	1,405
Allowance for Loan and Lease Losses, Write-offs		(6)	(4)	(41)	(4)
Allowance for Doubtful Accounts Receivable, Recoveries		2	3	1	18
Commercial Real Estate | Beginning of period
Allowance for loan losses	7,068	8,303	6,851	7,068	5,711
Commercial Real Estate | End of period
Allowance for loan losses		8,655	7,130	8,655	7,130
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment	0	410	0	410	0
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment	7,068	8,245	7,130	8,245	7,130
Financing Receivables Allowance for Credit Losses Acquired with Deteriorated Credit Quality	0			0	0
Financing Receivable, Individually Evaluated for Impairment	0	699		699
Financing Receivable, Collectively Evaluated for Impairment	592,427	685,282		685,282
Financing Receivables Acquired with Deteriorated Credit Quality	11,495			7,625
Consumer Loan
Provision for Loan Losses Expensed		44	(35)	169	16
Allowance for Loan and Lease Losses, Write-offs		(60)	(11)	(118)	(50)
Allowance for Doubtful Accounts Receivable, Recoveries		2	3	6	9
Consumer Loan | Beginning of period
Allowance for loan losses	757	828	756	757	738
Consumer Loan | End of period
Allowance for loan losses		814	713	814	713
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment	0	0	0	0	0
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment	757	814	713	814	713
Financing Receivables Allowance for Credit Losses Acquired with Deteriorated Credit Quality	0			0	0
Financing Receivable, Individually Evaluated for Impairment	0	0		0
Financing Receivable, Collectively Evaluated for Impairment	63,651	71,941		71,941
Financing Receivables Acquired with Deteriorated Credit Quality	0			0
Commercial Loan
Provision for Loan Losses Expensed		330	193	389	452
Allowance for Loan and Lease Losses, Write-offs		(1)	(67)	(22)	(337)
Allowance for Doubtful Accounts Receivable, Recoveries		0	1	7	30
Commercial Loan | Beginning of period
Allowance for loan losses	3,519	3,564	3,022	3,519	3,004
Commercial Loan | End of period
Allowance for loan losses		3,893	3,149	3,893	3,149
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment	0	340	0	340	0
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment	3,519	3,553	3,149	3,553	3,149
Financing Receivables Allowance for Credit Losses Acquired with Deteriorated Credit Quality	0			0	0
Financing Receivable, Individually Evaluated for Impairment	0	580		580
Financing Receivable, Collectively Evaluated for Impairment	243,369	252,271		252,271
Financing Receivables Acquired with Deteriorated Credit Quality	3,815			2,466
Total loans
Provision for Loan Losses Expensed		550	376	2,060	1,957
Allowance for Loan and Lease Losses, Write-offs		(159)	(186)	(351)	(623)
Allowance for Doubtful Accounts Receivable, Recoveries		5	8	16	65
Total loans | Beginning of period
Allowance for loan losses	15,538	16,867	14,992	15,538	13,791
Total loans | End of period
Allowance for loan losses		17,263	15,190	17,263	15,190
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment	0	750	0	750	0
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment	15,538	16,513	$ 15,190	16,513	15,190
Financing Receivables Allowance for Credit Losses Acquired with Deteriorated Credit Quality	0			0	$ 0
Financing Receivable, Individually Evaluated for Impairment	0	1,279		1,279
Financing Receivable, Collectively Evaluated for Impairment	1,393,132	$ 1,523,823		1,523,823
Financing Receivables Acquired with Deteriorated Credit Quality	$ 20,130			$ 14,605

Note 4_ Loans and Allowance f86

Note 4: Loans and Allowance for Loan Losses: Financing Receivable Credit Quality Indicators (Details) - USD ($) $ in Thousands	Mar. 31, 2018	Jun. 30, 2017
Residential Mortgage | Pass
Financing Receivable Credit Quality Indicators	$ 450,857	$ 438,222
Residential Mortgage | Watch
Financing Receivable Credit Quality Indicators	4,305	772
Residential Mortgage | Special Mention
Financing Receivable Credit Quality Indicators	146	148
Residential Mortgage | Substandard
Financing Receivable Credit Quality Indicators	2,517	3,321
Residential Mortgage | Doubtful
Financing Receivable Credit Quality Indicators	0	0
Residential Mortgage | Total by Credit Quality Indicator
Financing Receivable Credit Quality Indicators	457,825	442,463
Construction Loan Payable | Pass
Financing Receivable Credit Quality Indicators	60,984	55,825
Construction Loan Payable | Watch
Financing Receivable Credit Quality Indicators	0	0
Construction Loan Payable | Special Mention
Financing Receivable Credit Quality Indicators	0	0
Construction Loan Payable | Substandard
Financing Receivable Credit Quality Indicators	34	217
Construction Loan Payable | Doubtful
Financing Receivable Credit Quality Indicators	0	0
Construction Loan Payable | Total by Credit Quality Indicator
Financing Receivable Credit Quality Indicators	61,018	56,042
Commercial Real Estate | Pass
Financing Receivable Credit Quality Indicators	679,521	588,385
Commercial Real Estate | Watch
Financing Receivable Credit Quality Indicators	7,261	9,253
Commercial Real Estate | Special Mention
Financing Receivable Credit Quality Indicators	932	926
Commercial Real Estate | Substandard
Financing Receivable Credit Quality Indicators	5,193	5,358
Commercial Real Estate | Doubtful
Financing Receivable Credit Quality Indicators	699	0
Commercial Real Estate | Total by Credit Quality Indicator
Financing Receivable Credit Quality Indicators	693,606	603,922
Consumer Loan | Pass
Financing Receivable Credit Quality Indicators	71,722	63,320
Consumer Loan | Watch
Financing Receivable Credit Quality Indicators	118	123
Consumer Loan | Special Mention
Financing Receivable Credit Quality Indicators	29	30
Consumer Loan | Substandard
Financing Receivable Credit Quality Indicators	72	178
Consumer Loan | Doubtful
Financing Receivable Credit Quality Indicators	0	0
Consumer Loan | Total by Credit Quality Indicator
Financing Receivable Credit Quality Indicators	71,941	63,651
Commercial Loan | Pass
Financing Receivable Credit Quality Indicators	251,426	240,864
Commercial Loan | Watch
Financing Receivable Credit Quality Indicators	436	2,003
Commercial Loan | Special Mention
Financing Receivable Credit Quality Indicators	74	84
Commercial Loan | Substandard
Financing Receivable Credit Quality Indicators	2,199	3,631
Commercial Loan | Doubtful
Financing Receivable Credit Quality Indicators	1,182	602
Commercial Loan | Total by Credit Quality Indicator
Financing Receivable Credit Quality Indicators	$ 255,317	$ 247,184

Note 4_ Loans and Allowance f87

Note 4: Loans and Allowance for Loan Losses: Purchased Credit Impaired Loans Credit Quality Indicators (Details) - USD ($) $ in Thousands	Mar. 31, 2018	Jun. 30, 2017
Pass
Purchased Credit Impaired Loans	$ 8,100	$ 10,200
Watch
Purchased Credit Impaired Loans	3,100	5,000
Special Mention
Purchased Credit Impaired Loans	0
Substandard
Purchased Credit Impaired Loans	3,400	4,900
Doubtful
Purchased Credit Impaired Loans	$ 0	$ 0

Note 4_ Loans and Allowance f88

Note 4: Loans and Allowance for Loan Losses (Details) - USD ($) $ in Thousands	9 Months Ended
	Mar. 31, 2018	Jun. 30, 2017
Financing Receivable, Credit Quality, Additional Information	lending relationships of $1 million or more, exclusive of any consumer or owner-occupied residential loan, are subject to an annual credit analysis which is prepared by the loan administration department and presented to a loan committee with appropriate lending authority. A sample of lending relationships in excess of $2.5 million are subject to an independent loan review annually, in order to verify risk ratings
Loans without a specific valuation allowance
Purchased Credit Impaired Loans	$ 14,600	$ 20,100

Note 4_ Loans and Allowance f89

Note 4: Loans and Allowance for Loan Losses: Schedule of Loan Portfolio Aging Analysis (Details) - USD ($) $ in Thousands	Mar. 31, 2018	Jun. 30, 2017
Financing Receivables, 30 to 59 Days Past Due | Residential Mortgage
Financing Receivable Recorded Investment	$ 1,372	$ 1,491
Financing Receivables, 30 to 59 Days Past Due | Construction Loan Payable
Financing Receivable Recorded Investment	0	35
Financing Receivables, 30 to 59 Days Past Due | Commercial Real Estate
Financing Receivable Recorded Investment	275	700
Financing Receivables, 30 to 59 Days Past Due | Consumer Loan
Financing Receivable Recorded Investment	446	216
Financing Receivables, 30 to 59 Days Past Due | Commercial Loan
Financing Receivable Recorded Investment	93	144
Financing Receivables, 30 to 59 Days Past Due | Total loans
Financing Receivable Recorded Investment	2,186	2,586
Financing Receivables, 60 to 89 Days Past Due | Residential Mortgage
Financing Receivable Recorded Investment	2,098	148
Financing Receivables, 60 to 89 Days Past Due | Construction Loan Payable
Financing Receivable Recorded Investment	0	0
Financing Receivables, 60 to 89 Days Past Due | Commercial Real Estate
Financing Receivable Recorded Investment	769	0
Financing Receivables, 60 to 89 Days Past Due | Consumer Loan
Financing Receivable Recorded Investment	62	16
Financing Receivables, 60 to 89 Days Past Due | Commercial Loan
Financing Receivable Recorded Investment	211	53
Financing Receivables, 60 to 89 Days Past Due | Total loans
Financing Receivable Recorded Investment	3,140	217
Financing Receivables, Equal to Greater than 90 Days Past Due | Residential Mortgage
Financing Receivable Recorded Investment	1,261	676
Financing Receivables, Equal to Greater than 90 Days Past Due | Construction Loan Payable
Financing Receivable Recorded Investment	0	0
Financing Receivables, Equal to Greater than 90 Days Past Due | Commercial Real Estate
Financing Receivable Recorded Investment	446	711
Financing Receivables, Equal to Greater than 90 Days Past Due | Consumer Loan
Financing Receivable Recorded Investment	156	134
Financing Receivables, Equal to Greater than 90 Days Past Due | Commercial Loan
Financing Receivable Recorded Investment	34	426
Financing Receivables, Equal to Greater than 90 Days Past Due | Total loans
Financing Receivable Recorded Investment	1,897	1,947
Nonperforming Financial Instruments | Residential Mortgage
Financing Receivable Recorded Investment	4,731	2,315
Nonperforming Financial Instruments | Construction Loan Payable
Financing Receivable Recorded Investment	0	35
Nonperforming Financial Instruments | Commercial Real Estate
Financing Receivable Recorded Investment	1,490	1,411
Nonperforming Financial Instruments | Consumer Loan
Financing Receivable Recorded Investment	664	366
Nonperforming Financial Instruments | Commercial Loan
Financing Receivable Recorded Investment	338	623
Nonperforming Financial Instruments | Total loans
Financing Receivable Recorded Investment	7,223	4,750
Financing Receivables Current | Residential Mortgage
Financing Receivable Recorded Investment	453,094	440,148
Financing Receivables Current | Construction Loan Payable
Financing Receivable Recorded Investment	61,018	56,007
Financing Receivables Current | Commercial Real Estate
Financing Receivable Recorded Investment	692,116	602,511
Financing Receivables Current | Consumer Loan
Financing Receivable Recorded Investment	71,277	63,285
Financing Receivables Current | Commercial Loan
Financing Receivable Recorded Investment	254,979	246,561
Financing Receivables Current | Total loans
Financing Receivable Recorded Investment	1,532,484	1,408,512
Performing Financial Instruments | Residential Mortgage
Financing Receivable Recorded Investment	457,825	442,463
Performing Financial Instruments | Construction Loan Payable
Financing Receivable Recorded Investment	61,018	56,042
Performing Financial Instruments | Commercial Real Estate
Financing Receivable Recorded Investment	693,606	603,922
Performing Financial Instruments | Consumer Loan
Financing Receivable Recorded Investment	71,941	63,651
Performing Financial Instruments | Commercial Loan
Financing Receivable Recorded Investment	255,317	247,184
Performing Financial Instruments | Total loans
Financing Receivable Recorded Investment	1,539,707	1,413,262
Financing Receivables Greater Than 90 Days Past Due and Still Accruing | Residential Mortgage
Financing Receivable Recorded Investment	0	59
Financing Receivables Greater Than 90 Days Past Due and Still Accruing | Construction Loan Payable
Financing Receivable Recorded Investment	0	0
Financing Receivables Greater Than 90 Days Past Due and Still Accruing | Commercial Real Estate
Financing Receivable Recorded Investment	0	0
Financing Receivables Greater Than 90 Days Past Due and Still Accruing | Consumer Loan
Financing Receivable Recorded Investment	0	13
Financing Receivables Greater Than 90 Days Past Due and Still Accruing | Commercial Loan
Financing Receivable Recorded Investment	0	329
Financing Receivables Greater Than 90 Days Past Due and Still Accruing | Total loans
Financing Receivable Recorded Investment	$ 0	$ 401

Note 4_ Loans and Allowance f90

Note 4: Loans and Allowance for Loan Losses: Schedule of Impaired Loans (Details) - USD ($) $ in Thousands	Mar. 31, 2018	Jun. 30, 2017
Consumer Loan
Impaired Financing Receivable, with No Related Allowance, Recorded Investment	$ 27	$ 1
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance	27	1
Impaired Financing Receivable With No Related Allowance Specific Allowance	0	0
Impaired Financing Receivable, with Related Allowance, Recorded Investment	0	0
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance	0	0
Impaired Financing Receivable With Related Allowance Specific Allowance	0	0
Impaired Financing Receivable With and Without Related Allowance Recorded Investment	27	1
Impaired Financial Receivable With and Without Related Allowance Unpaid Principal Balance	27	1
Impaired Financing Receivable With and Without Related Allowance Specific Allowance	0	0
Commercial Loan
Impaired Financing Receivable, with No Related Allowance, Recorded Investment	2,911	4,302
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance	3,539	4,990
Impaired Financing Receivable With No Related Allowance Specific Allowance	0	0
Impaired Financing Receivable, with Related Allowance, Recorded Investment	580	0
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance	580	0
Impaired Financing Receivable With Related Allowance Specific Allowance	340	0
Impaired Financing Receivable With and Without Related Allowance Recorded Investment	3,491	4,302
Impaired Financial Receivable With and Without Related Allowance Unpaid Principal Balance	4,119	4,990
Impaired Financing Receivable With and Without Related Allowance Specific Allowance	340	0
Residential Mortgage
Impaired Financing Receivable, with No Related Allowance, Recorded Investment	3,827	3,811
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance	4,474	4,486
Impaired Financing Receivable With No Related Allowance Specific Allowance	0	0
Impaired Financing Receivable, with Related Allowance, Recorded Investment	0	0
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance	0	0
Impaired Financing Receivable With Related Allowance Specific Allowance	0	0
Impaired Financing Receivable With and Without Related Allowance Recorded Investment	3,827	3,811
Impaired Financial Receivable With and Without Related Allowance Unpaid Principal Balance	4,474	4,486
Impaired Financing Receivable With and Without Related Allowance Specific Allowance	0	0
Construction Real Estate
Impaired Financing Receivable, with No Related Allowance, Recorded Investment	1,336	1,373
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance	1,604	1,695
Impaired Financing Receivable With No Related Allowance Specific Allowance	0	0
Impaired Financing Receivable, with Related Allowance, Recorded Investment	0	0
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance	0	0
Impaired Financing Receivable With Related Allowance Specific Allowance	0	0
Impaired Financing Receivable With and Without Related Allowance Recorded Investment	1,336	1,373
Impaired Financial Receivable With and Without Related Allowance Unpaid Principal Balance	1,604	1,695
Impaired Financing Receivable With and Without Related Allowance Specific Allowance	0	0
Commercial Real Estate
Impaired Financing Receivable, with No Related Allowance, Recorded Investment	14,090	14,935
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance	15,463	16,834
Impaired Financing Receivable With No Related Allowance Specific Allowance	0	0
Impaired Financing Receivable, with Related Allowance, Recorded Investment	699	0
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance	699	0
Impaired Financing Receivable With Related Allowance Specific Allowance	410	0
Impaired Financing Receivable With and Without Related Allowance Recorded Investment	14,789	14,935
Impaired Financial Receivable With and Without Related Allowance Unpaid Principal Balance	16,162	16,834
Impaired Financing Receivable With and Without Related Allowance Specific Allowance	$ 410	$ 0

Note 4_ Loans and Allowance f91

Note 4: Loans and Allowance for Loan Losses: Schedule of Interest Income Recognized on Impaired Loans (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Mar. 31, 2018	Mar. 31, 2017
Residential Mortgage
Impaired Financing Receivable, Average Recorded Investment	$ 3,322	$ 2,857	$ 3,395	$ 2,893
Impaired Financing Receivable Interest Income Recognized	45	22	172	73
Construction Real Estate
Impaired Financing Receivable, Average Recorded Investment	1,312	1,362	1,323	1,378
Impaired Financing Receivable Interest Income Recognized	43	38	122	109
Commercial Real Estate
Impaired Financing Receivable, Average Recorded Investment	8,532	9,513	9,905	9,681
Impaired Financing Receivable Interest Income Recognized	436	146	987	513
Consumer Loan
Impaired Financing Receivable, Average Recorded Investment	0	0	0	0
Impaired Financing Receivable Interest Income Recognized	0	0	0	0
Commercial Loan
Impaired Financing Receivable, Average Recorded Investment	2,855	889	3,328	957
Impaired Financing Receivable Interest Income Recognized	44	19	153	56
Total loans
Impaired Financing Receivable, Average Recorded Investment	16,021	14,621	17,951	14,909
Impaired Financing Receivable Interest Income Recognized	$ 568	$ 225	$ 1,434	$ 751

Note 4_ Loans and Allowance f92

Note 4: Loans and Allowance for Loan Losses: Schedule of Financing Receivables, Non Accrual Status (Details) - USD ($) $ in Thousands	Mar. 31, 2018	Jun. 30, 2017
Residential Mortgage
Loans and Leases Receivable, Nonperforming, Nonaccrual of Interest	$ 3,026	$ 1,263
Construction Real Estate
Loans and Leases Receivable, Nonperforming, Nonaccrual of Interest	34	35
Commercial Real Estate
Loans and Leases Receivable, Nonperforming, Nonaccrual of Interest	1,970	960
Consumer Loan
Loans and Leases Receivable, Nonperforming, Nonaccrual of Interest	231	158
Commercial Loan
Loans and Leases Receivable, Nonperforming, Nonaccrual of Interest	957	409
Total loans
Loans and Leases Receivable, Nonperforming, Nonaccrual of Interest	$ 6,218	$ 2,825

Note 4_ Loans and Allowance f93

Note 4: Loans and Allowance for Loan Losses: Purchased Credit Impaired Loans Nonaccrual (Details) - USD ($) $ in Thousands	Mar. 31, 2018	Jun. 30, 2017
Included in Nonaccrual Loans
Purchased Credit Impaired Loans	$ 1,000	$ 0

Note 4_ Loans and Allowance f94

Note 4: Loans and Allowance for Loan Losses: Schedule of Debtor Troubled Debt Restructuring, Current Period (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2018USD ($)	Mar. 31, 2017USD ($)	Mar. 31, 2018USD ($)	Mar. 31, 2017USD ($)
Residential Mortgage
Financing Receivable, Modifications, Number of Contracts	4	1	4	1
Financing Receivable, Modifications, Pre-Modification Recorded Investment	$ 305	$ 40	$ 305	$ 40
Construction Real Estate
Financing Receivable, Modifications, Number of Contracts	0	0	0	1
Financing Receivable, Modifications, Pre-Modification Recorded Investment	$ 0	$ 0	$ 0	$ 36
Commercial Real Estate
Financing Receivable, Modifications, Number of Contracts	1	0	1	4
Financing Receivable, Modifications, Pre-Modification Recorded Investment	$ 55	$ 0	$ 55	$ 2,250
Consumer Loan
Financing Receivable, Modifications, Number of Contracts	2	1	2	3
Financing Receivable, Modifications, Pre-Modification Recorded Investment	$ 27	$ 15	$ 27	$ 16
Commercial Loan
Financing Receivable, Modifications, Number of Contracts	2	0	2	1
Financing Receivable, Modifications, Pre-Modification Recorded Investment	$ 64	$ 0	$ 64	$ 2
Total loans
Financing Receivable, Modifications, Number of Contracts	9	2	9	10
Financing Receivable, Modifications, Pre-Modification Recorded Investment	$ 451	$ 55	$ 451	$ 2,344

Note 4_ Loans and Allowance f95

Note 4: Loans and Allowance for Loan Losses: Performing Loans Classified as Troubled Debt Restructuring Loans (Details) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Mar. 31, 2018USD ($)	Mar. 31, 2017	Mar. 31, 2018	Mar. 31, 2017	Jun. 30, 2018	Jun. 30, 2017USD ($)
Residential Mortgage
Financing Receivable, Modifications, Number of Contracts	4	1	4	1
Construction Real Estate
Financing Receivable, Modifications, Number of Contracts	0	0	0	1
Commercial Real Estate
Financing Receivable, Modifications, Number of Contracts	1	0	1	4
Consumer Loan
Financing Receivable, Modifications, Number of Contracts	2	1	2	3
Commercial Loan
Financing Receivable, Modifications, Number of Contracts	2	0	2	1
Total loans
Financing Receivable, Modifications, Number of Contracts	9	2	9	10
Performing Financial Instruments | Residential Mortgage
Financing Receivable, Modifications, Number of Contracts	12				10
Financing Receivable, Modifications, Post-Modification Recorded Investment	$ 809					$ 1,756
Performing Financial Instruments | Construction Real Estate
Financing Receivable, Modifications, Number of Contracts	0				0
Financing Receivable, Modifications, Post-Modification Recorded Investment	$ 0					0
Performing Financial Instruments | Commercial Real Estate
Financing Receivable, Modifications, Number of Contracts	13				13
Financing Receivable, Modifications, Post-Modification Recorded Investment	$ 8,101					5,206
Performing Financial Instruments | Consumer Loan
Financing Receivable, Modifications, Number of Contracts	2				0
Financing Receivable, Modifications, Post-Modification Recorded Investment	$ 26					0
Performing Financial Instruments | Commercial Loan
Financing Receivable, Modifications, Number of Contracts	8				6
Financing Receivable, Modifications, Post-Modification Recorded Investment	$ 2,911					3,946
Performing Financial Instruments | Total loans
Financing Receivable, Modifications, Number of Contracts	35				29
Financing Receivable, Modifications, Post-Modification Recorded Investment	$ 11,847					$ 10,908

Note 5_ Accounting For Certai96

Note 5: Accounting For Certain Loans Acquired in A Transfer: Schedule of Acquired Loans with Credit Deterioration (Details) - USD ($) $ in Thousands		Mar. 31, 2018	Jun. 30, 2017
Construction Real Estate
Certain Loans and Debt Securities Acquired in Transfer, Allowance for Credit Losses Due to Subsequent Impairment		$ 1,570	$ 1,660
Commercial Real Estate
Certain Loans and Debt Securities Acquired in Transfer, Allowance for Credit Losses Due to Subsequent Impairment		8,999	13,394
Consumer Loan
Certain Loans and Debt Securities Acquired in Transfer, Allowance for Credit Losses Due to Subsequent Impairment		0	0
Commercial Loan
Certain Loans and Debt Securities Acquired in Transfer, Allowance for Credit Losses Due to Subsequent Impairment		3,094	4,502
Outstanding balance
Certain Loans and Debt Securities Acquired in Transfer, Allowance for Credit Losses Due to Subsequent Impairment		17,522	23,714
Carrying Amount Of Acquired Loans Net
Certain Loans and Debt Securities Acquired in Transfer, Allowance for Credit Losses Due to Subsequent Impairment	[1]	14,605	20,130
Residential Mortgage
Certain Loans and Debt Securities Acquired in Transfer, Allowance for Credit Losses Due to Subsequent Impairment		$ 3,859	$ 4,158
[1]	Fair value adjustment of $2,917 and 3,584 at March 31, 2018 and June 30, 2017, respectively.

Note 5_ Accounting For Certai97

Note 5: Accounting For Certain Loans Acquired in A Transfer: Schedule of Acquired Loans in Transfer Accretable Yield (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Mar. 31, 2018	Mar. 31, 2017
Certain Loans Acquired In Transfer Accretable Yield Additions	$ 0	$ 0	$ 0	$ 0
Certain Loans Acquired In Transfer Accretable Yield Accretion	(334)	(56)	(594)	(217)
Certain Loans Acquired In Transfer Accretable Yield Reclassification from Nonaccretable Difference	335	61	593	192
Certain Loans Acquired In Transfer Accretable Yield Disposals	0	0	0	0
Beginning of period
Certain Loans Acquired In Transfer Accretable Yield	607	626	609	656
End of period
Certain Loans Acquired In Transfer Accretable Yield	$ 608	$ 631	$ 608	$ 631

Note 6_ Deposits_ Schedule of98

Note 6: Deposits: Schedule of Deposit Liabilities (Details) - USD ($) $ in Thousands	Mar. 31, 2018	Jun. 30, 2017
Details
Noninterest-bearing Deposit Liabilities	$ 196,914	$ 186,203
Deposits, Negotiable Order of Withdrawal (NOW)	580,790	479,488
Deposits, Money Market Deposits	117,597	105,599
Deposits, Savings Deposits	152,023	147,247
Interest-bearing Domestic Deposit, Certificates of Deposits	527,013	537,060
Deposits, Domestic	$ 1,574,337	$ 1,455,597

Note 7_ Earnings Per Share_ S99

Note 7: Earnings Per Share: Schedule of Earnings Per Share, Basic and Diluted (Details) - $ / shares	3 Months Ended		9 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Mar. 31, 2018	Mar. 31, 2017
Details
Weighted Average Number of Shares Outstanding, Basic	8,762,344	7,450,041	8,647,593	7,442,525
Stock options under treasury stock method	13,062	28,626	12,790	25,976
Weighted Average Number of Shares Outstanding, Diluted	8,775,406	7,478,667	8,660,383	7,468,501
Basic earnings per common share	$ 0.60	$ 0.53	$ 1.77	$ 1.59
Diluted earnings per common share	$ 0.60	$ 0.53	$ 1.77	$ 1.59

Note 8_ Income Taxes_ Schedu100

Note 8: Income Taxes: Schedule of Effective Income Tax Rate Reconciliation (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Mar. 31, 2018	Mar. 31, 2017
Details
Current Income Tax Expense (Benefit)	$ 2,864	$ 1,457	$ 7,525	$ 4,316
Deferred Income Taxes and Tax Credits	(1,054)	6	(1,280)	240
Income tax provision, total	$ 1,810	$ 1,463	$ 6,245	$ 4,556

Note 8_ Income Taxes_ Schedu101

Note 8: Income Taxes: Schedule of Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Mar. 31, 2018	Jun. 30, 2017
Details
Deferred Tax Assets Provision for Losses on Loans	$ 4,193	$ 5,563
Deferred Tax Assets Accrued Compensation and Benefits	618	1,068
Deferred Tax Assets Other-than-Temporary Impairment on Available for Sale Securities	0	128
Deferred Tax Assets NOL Carry Forwards Acquired	286	513
Deferred Tax Assets, Tax Credit Carryforwards, Alternative Minimum Tax	130	130
Deferred Tax Assets Unrealized Loss on Other Real Estate	124	131
Unrealized loss on available for sale securities	585	0
Other	407	0
Deferred Tax Assets, Gross	6,343	7,533
Deferred tax liabilities purchase accounting adjustments	946	1,193
Deferred Tax Liabilities Depreciation	1,100	2,734
Deferred Tax Liabilities FHLB Stock Dividends	130	203
Deferred Tax Liabilities, Prepaid Expenses	128	213
Deferred Tax Liabilities, Unrealized Gains on Trading Securities	0	295
Deferred Tax Liabilities, Other	270	991
Deferred Tax Liabilities, Net	2,574	5,629
Deferred Tax Assets, Net of Valuation Allowance	$ 3,769	$ 1,904

Note 8_ Income Taxes_ Federal a

Note 8: Income Taxes: Federal and State Operating Loss Carryforwards (Details) - USD ($) $ in Thousands	Mar. 31, 2018	Jun. 30, 2017
Federal
Deferred Tax Assets, Operating Loss Carryforwards	$ 1,300
State
Deferred Tax Assets, Operating Loss Carryforwards		$ 2,700

Note 8_ Income Taxes_ Schedu103

Note 8: Income Taxes: Schedule of Reconciliation of Income Tax Expense at the Statutory Rate to Actual Income Tax (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Mar. 31, 2018	Mar. 31, 2017
Effective Income Tax Rate Reconciliation at Federal Statutory Income Tax Rate, Amount	$ 1,986	$ 1,896	$ 6,052	$ 5,738
Income Tax Expense, Actual	1,810	1,463	6,245	4,556
Increase (decrease) in taxes
Nontaxable Municipal Income	(115)	(124)	(341)	(385)
Current State and Local Tax Expense (Benefit)	287	52	530	160
Cash Surrender Value Of Bank-owned Life Insurance	(66)	(176)	(197)	(323)
Tax Credit Benefits	(224)	(81)	(672)	(267)
Tax Credit Benefits Realized on Acquisition	0	0	0	0
Adjustment of deferred tax asset for enacted changes in tax laws	0	0	1,124	0
Taxes, Other	$ (58)	$ (104)	$ (251)	$ (367)

Note 8_ Income Taxes (Details)

Note 8: Income Taxes (Details)	3 Months Ended		9 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Mar. 31, 2017
Details
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	28.10%	35.00%	35.00%

Note 9_ 401(k) Retirement Plan_

Note 9: 401(k) Retirement Plan: 401(k) Retirement Plan (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Mar. 31, 2018	Mar. 31, 2017
Details
Defined Contribution Plan, Administrative Expense	$ 331	$ 230	$ 883	$ 677

Note 11_ Fair Value Measurem106

Note 11: Fair Value Measurements: Fair Value, Assets Measured on Recurring Basis (Details) - USD ($) $ in Thousands	Mar. 31, 2018	Jun. 30, 2017
US Government-sponsored Enterprises Debt Securities
Assets, Fair Value Disclosure, Recurring	$ 11,384	$ 10,438
US States and Political Subdivisions Debt Securities
Assets, Fair Value Disclosure, Recurring	51,297	49,978
Other Debt Obligations
Assets, Fair Value Disclosure, Recurring	5,132	5,725
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises
Assets, Fair Value Disclosure, Recurring	$ 78,314	$ 78,275

Note 11_ Fair Value Measurem107

Note 11: Fair Value Measurements: Fair Value Measurements, Nonrecurring (Details) - USD ($) $ in Thousands	Mar. 31, 2018	Jun. 30, 2017
Impaired loans (collateral dependent)
Assets, Fair Value Disclosure, Nonrecurring	$ 529
Foreclosed and repossessed assets held for sale
Assets, Fair Value Disclosure, Nonrecurring	$ 4,142	$ 3,100

Note 11_ Fair Value Measurem108

Note 11: Fair Value Measurements: Gains (Losses) Recognized on Assets Measured on a Nonrecurring Basis (Details) - USD ($) $ in Thousands	9 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Impaired loans (collateral dependent)
Gains (losses) recognized on assets measured on a non-recurring basis	$ (750)	$ 0
Foreclosed and repossessed assets held for sale
Gains (losses) recognized on assets measured on a non-recurring basis	(164)	(254)
Total Gains Losses on Assets Measured on a Nonrecurring Basis
Gains (losses) recognized on assets measured on a non-recurring basis	$ (914)	$ (254)

Note 11_ Fair Value Measurem109

Note 11: Fair Value Measurements: Fair Value Inputs, Assets, Quantitative Information (Details) - Fair Value, Inputs, Level 3 - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2018	Jun. 30, 2017
Impaired loans (collateral dependent)
Fair Value Asset Liability Measured On Nonrecurring Basis With Unobservable Inputs	$ 529
Impaired loans (collateral dependent) | Internal Valuation
Fair Value Measurements Nonrecurring Valuation Technique	Internal Valuation
Impaired loans (collateral dependent) | Internal Valuation | Discount to reflect realizable value
Fair Value Measurements Nonrecurring Unobservable Inputs	Discount to reflect realizable value
Fair Value Measurements Nonrecurring Range of discounts Applied	n/a
Fair Value Measurements Nonrecurring Weighted Average Discount Applied	0.0%
Foreclosed and Repossessed Assets
Fair Value Asset Liability Measured On Nonrecurring Basis With Unobservable Inputs	$ 4,142	$ 3,100
Foreclosed and Repossessed Assets | Third party appraisal
Fair Value Measurements Nonrecurring Valuation Technique	Third party appraisal	Third party appraisal
Foreclosed and Repossessed Assets | Third party appraisal | Marketability discount
Fair Value Measurements Nonrecurring Unobservable Inputs	Marketability discount	Marketability discount
Fair Value Measurements Nonrecurring Range of discounts Applied	0.0% - 78.4%	0.0% - 66.4%
Fair Value Measurements Nonrecurring Weighted Average Discount Applied	33.8%	40.6%

Note 11_ Fair Value Measurem110

Note 11: Fair Value Measurements: Schedule of Financial Instruments (Details) - USD ($) $ in Thousands	Mar. 31, 2018	Jun. 30, 2017
Letter of Credit
Financial Instruments Owned Carrying Amount	$ 0	$ 0
Line of Credit
Financial Instruments Owned Carrying Amount	0	0
Financial Assets | Cash and Cash Equivalents
Financial Instruments Owned Carrying Amount	30,781	30,786
Financial Assets | Interest-bearing time deposits
Financial Instruments Owned Carrying Amount	1,949	747
Financial Assets | Investment in Federal Home Loan Bank Stock
Financial Instruments Owned Carrying Amount	4,535	3,547
Financial Assets | Investment In Stock Of Federal Reserve Bank Of St Louis
Financial Instruments Owned Carrying Amount	3,196	2,357
Financial Assets | Loans Receivable
Financial Instruments Owned Carrying Amount	1,522,445	1,397,730
Financial Assets | Accrued interest receivable
Financial Instruments Owned Carrying Amount	7,128	6,769
Financial Liabilities | Deposits
Financial Instruments Owned Carrying Amount	1,574,337	1,455,597
Financial Liabilities | Securities Sold under Agreements to Repurchase
Financial Instruments Owned Carrying Amount	3,769	10,212
Financial Liabilities | Federal Home Loan Bank Advances
Financial Instruments Owned Carrying Amount	50,850	43,637
Financial Liabilities | Note Payable
Financial Instruments Owned Carrying Amount	3,000	3,000
Financial Liabilities | Accrued interest payable
Financial Instruments Owned Carrying Amount	1,138	918
Financial Liabilities | Subordinated Debt
Financial Instruments Owned Carrying Amount	14,921	14,848
Commitments to Extend Credit
Financial Instruments Owned Carrying Amount	$ 0	$ 0

Note 12_ Business Combinations

Note 12: Business Combinations (Details) $ in Thousands	9 Months Ended
	Mar. 31, 2018USD ($)
Details
Business Acquisition, Name of Acquired Entity	Southern Missouri Bancshares, Inc. (“Bancshares”), and its wholly-owned subsidiary, Southern Missouri Bank of Marshfield
Business Acquisition, Description of Acquired Entity	The Company acquired SMB-Marshfield primarily for the purpose of conducting commercial banking activities in markets where it believes the Company’s business model will perform well, and for the long-term value of its core deposit franchise.
Business Acquisition, Transaction Costs	$ 638

Note 12_ Business Combinatio112

Note 12: Business Combinations: Schedule of Business Acquisitions, by Acquisition (Details) $ in Thousands	Feb. 23, 2018USD ($)
Identifiable net assets
Business Combination, Consideration Transferred	$ 12,367
Identifiable net assets | Loans Receivable Gross
Business Combination, Consideration Transferred	68,258
Identifiable net assets | Total Consideration
Business Combination, Consideration Transferred	16,815
Identifiable net assets | Deposits
Business Combination, Consideration Transferred	(68,152)
Identifiable net assets | Federal Home Loan Bank Advances
Business Combination, Consideration Transferred	(5,344)
Identifiable net assets | Miscellaneous other liabilities
Business Combination, Consideration Transferred	(683)
Identifiable net assets | Common stock, at fair value
Business Combination, Consideration Transferred	12,955
Identifiable net assets | Cash
Business Combination, Consideration Transferred	3,860
Identifiable net assets | Other than Securities Investment
Business Combination, Consideration Transferred	5,557
Cash and Cash Equivalents
Business Combination, Consideration Transferred	2,359
Interest-bearing time deposits
Business Combination, Consideration Transferred	1,450
Property, Plant and Equipment
Business Combination, Consideration Transferred	3,409
Bank Owned Life Insurance
Business Combination, Consideration Transferred	2,271
Indefinite-lived Intangible Assets
Business Combination, Consideration Transferred	1,345
Miscellaneous other assets
Business Combination, Consideration Transferred	1,897
Goodwill
Business Combination, Consideration Transferred	$ 4,448