Document And Entity Information
Document And Entity Information - USD ($) | 12 Months Ended | ||
Jun. 30, 2017 | Sep. 13, 2017 | Dec. 31, 2016 | |
Document Information [Line Items] | |||
Entity Registrant Name | CONSUMERS BANCORP INC /OH/ | ||
Entity Central Index Key | 1,006,830 | ||
Trading Symbol | cbkm | ||
Current Fiscal Year End Date | --06-30 | ||
Entity Filer Category | Smaller Reporting Company | ||
Entity Current Reporting Status | Yes | ||
Entity Voluntary Filers | No | ||
Entity Well-known Seasoned Issuer | No | ||
Entity Common Stock, Shares Outstanding (in shares) | 2,724,956 | ||
Entity Public Float | $ 31,272,639 | ||
Document Type | 10-K | ||
Document Period End Date | Jun. 30, 2017 | ||
Document Fiscal Year Focus | 2,017 | ||
Document Fiscal Period Focus | FY | ||
Amendment Flag | false |
Consolidated Balance Sheets
Consolidated Balance Sheets - USD ($) $ in Thousands | Jun. 30, 2017 | Jun. 30, 2016 |
ASSETS: | ||
Cash on hand and noninterest-bearing deposits in financial institutions | $ 9,439 | $ 8,164 |
Federal funds sold and interest-bearing deposits in financial institutions | 473 | 2,017 |
Total cash and cash equivalents | 9,912 | 10,181 |
Certificate of deposits in financial institutions | 3,921 | 5,906 |
Securities, available-for-sale | 142,086 | 133,369 |
Securities, held-to-maturity (fair value 2017 $4,329 and 2016 $3,619) | 4,259 | 3,494 |
Federal bank and other restricted stocks, at cost | 1,425 | 1,396 |
Loans held for sale | 1,252 | 1,048 |
Total loans | 272,867 | 256,278 |
Less allowance for loan losses | (3,086) | (3,566) |
Net loans | 269,781 | 252,712 |
Cash surrender value of life insurance | 9,065 | 6,819 |
Premises and equipment, net | 13,398 | 13,585 |
Other real estate owned | 71 | |
Accrued interest receivable and other assets | 2,713 | 1,880 |
Total assets | 457,883 | 430,390 |
LIABILITIES: | ||
Non-interest bearing demand | 102,683 | 98,224 |
Interest bearing demand | 54,123 | 48,810 |
Savings | 151,154 | 134,606 |
Time | 66,511 | 65,008 |
Total deposits | 374,471 | 346,648 |
Short-term borrowings | 23,986 | 19,129 |
Federal Home Loan Bank advances | 12,320 | 17,281 |
Accrued interest payable and other liabilities | 3,571 | 3,539 |
Total liabilities | 414,348 | 386,597 |
Commitments and contingent liabilities (Note 11) | ||
SHAREHOLDERS’ EQUITY: | ||
Preferred stock, no par value; 350,000 shares authorized | 0 | 0 |
Common shares, no par value; 3,500,000 shares authorized; 2,854,133 shares issued as of June 30, 2017 and 2016 | 14,630 | 14,630 |
Retained earnings | 30,122 | 28,432 |
Treasury stock, at cost (130,606 and 130,375 common shares at June 30, 2017 and 2016, respectively) | (1,662) | (1,658) |
Accumulated other comprehensive income | 445 | 2,389 |
Total shareholders’ equity | 43,535 | 43,793 |
Total liabilities and shareholders’ equity | $ 457,883 | $ 430,390 |
Consolidated Balance Sheets (Pa
Consolidated Balance Sheets (Parentheticals) - USD ($) $ / shares in Thousands, $ in Thousands | Jun. 30, 2017 | Jun. 30, 2016 |
Held-to-maturity securities, fair value | $ 4,329 | $ 3,619 |
Preferred stock, par value (in dollars per share) | $ 0 | $ 0 |
Preferred stock, shares authorized (in shares) | 350,000 | 350,000 |
Common stock, par value (in dollars per share) | $ 0 | $ 0 |
Common stock, shares authorized (in shares) | 3,500,000 | 3,500,000 |
Common stock, shares issued (in shares) | 2,854,133 | 2,854,133 |
Treasury stock, shares (in shares) | 130,606 | 130,375 |
Consolidated Statements of Inco
Consolidated Statements of Income - USD ($) $ in Thousands | 12 Months Ended | |
Jun. 30, 2017 | Jun. 30, 2016 | |
Interest income: | ||
Loans, including fees | $ 12,333 | $ 11,211 |
Federal funds sold and interest-bearing deposits in financial institutions | 122 | 117 |
Securities, taxable | 1,678 | 1,880 |
Securities, tax-exempt | 1,434 | 1,399 |
Total interest and dividend income | 15,567 | 14,607 |
Interest expense: | ||
Deposits | 792 | 679 |
Interest Expense, Short-term Borrowings | 90 | 39 |
Federal Home Loan Bank advances | 226 | 184 |
Total interest expense | 1,108 | 902 |
Net interest income | 14,459 | 13,705 |
Provision for loan losses | 596 | 1,498 |
Net interest income after provision for loan losses | 13,863 | 12,207 |
Other income: | ||
Service charges on deposit accounts | 1,245 | 1,269 |
Debit card interchange income | 1,161 | 948 |
Bank owned life insurance income | 246 | 193 |
Gain on sale of mortgage loans | 258 | 186 |
Securities gains, net | 209 | 202 |
Gain (loss) on disposition or write-down of other real estate owned | (35) | 2 |
Other | 166 | 188 |
Total other income | 3,250 | 2,988 |
Other expenses: | ||
Salaries and employee benefits | 7,136 | 6,933 |
Occupancy and equipment | 1,888 | 1,612 |
Data processing expenses | 583 | 578 |
Professional and director fees | 608 | 447 |
Federal Deposit Insurance Corporation assessments | 175 | 268 |
Franchise taxes | 336 | 334 |
Marketing and advertising | 267 | 302 |
Loan and collection expenses | 155 | 197 |
Telephone and communications | 305 | 321 |
Debit card processing expenses | 636 | 463 |
Other | 1,389 | 1,314 |
Total other expenses | 13,478 | 12,769 |
Income before income taxes | 3,635 | 2,426 |
Income tax expense | 641 | 279 |
Net income | $ 2,994 | $ 2,147 |
Basic and diluted earnings per share (in dollars per share) | $ 1.10 | $ 0.79 |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands | 12 Months Ended | ||
Jun. 30, 2017 | Jun. 30, 2016 | ||
Net income | $ 2,994 | $ 2,147 | |
Other comprehensive income, net of tax: | |||
Unrealized gains (loss) arising during the period | (2,737) | 2,460 | |
Reclassification adjustment for gains included in income | [1],[2] | (209) | (202) |
Net unrealized gain (loss) | (2,946) | 2,258 | |
Income tax effect | 1,002 | (768) | |
Other comprehensive income (loss) | (1,944) | 1,490 | |
Total comprehensive income | $ 1,050 | $ 3,637 | |
[1] | Income tax expense | ||
[2] | Securities gain, net |
Consolidated Statements of Chan
Consolidated Statements of Changes in Shareholders' Equity - USD ($) $ in Thousands | Common Stock [Member] | Retained Earnings [Member] | Treasury Stock [Member] | AOCI Attributable to Parent [Member] | Total |
Balance at Jun. 30, 2015 | $ 14,630 | $ 27,589 | $ (1,652) | $ 899 | $ 41,466 |
Net income | 2,147 | 2,147 | |||
Other comprehensive income | 1,490 | 1,490 | |||
Dividend reinvestment plan shares associated with expired and forfeited restricted stock awards retired to treasury | 6 | (6) | |||
Cash dividends declared ($0.48 per share) | (1,310) | (1,310) | |||
Balance at Jun. 30, 2016 | 14,630 | 28,432 | (1,658) | 2,389 | 43,793 |
Net income | 2,994 | 2,994 | |||
Other comprehensive income | (1,944) | (1,944) | |||
Dividend reinvestment plan shares associated with expired and forfeited restricted stock awards retired to treasury | 4 | (4) | |||
Cash dividends declared ($0.48 per share) | (1,308) | (1,308) | |||
Balance at Jun. 30, 2017 | $ 14,630 | $ 30,122 | $ (1,662) | $ 445 | $ 43,535 |
Consolidated Statements of Cha7
Consolidated Statements of Changes in Shareholders' Equity (Parentheticals) - $ / shares | 12 Months Ended | |
Jun. 30, 2017 | Jun. 30, 2016 | |
Common Stock [Member] | ||
Dividend Reinvestment Plan and Restricted Award Forfeited and Expired (in shares) | 231 | 311 |
Retained Earnings [Member] | ||
Common Stock, Dividends, Per Share, Declared (in dollars per share) | $ 0.48 | $ 0.48 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows - USD ($) $ in Thousands | 12 Months Ended | |
Jun. 30, 2017 | Jun. 30, 2016 | |
Cash flows from operating activities: | ||
Net income | $ 2,994 | $ 2,147 |
Adjustments to reconcile net income to net cash flows from operating activities: | ||
Depreciation | 781 | 647 |
Securities amortization and accretion, net | 1,087 | 1,092 |
Provision for loan losses | 596 | 1,498 |
Loss on disposal of fixed assets | 2 | 7 |
(Gain) loss on disposition or direct write-down of other real estate owned | 35 | (2) |
Net gain on sale of loans | (258) | (186) |
Deferred income tax expense (benefit) | 128 | (142) |
Gain on sale of securities | (209) | (202) |
Origination of loans held for sale | (24,379) | (13,495) |
Proceeds from loans held for sale | 24,775 | 13,095 |
Increase in cash surrender value of life insurance | (246) | (193) |
Change in other assets and other liabilities | 73 | (415) |
Net cash flows from operating activities | 5,379 | 3,851 |
Cash flows from investing activities: | ||
Purchases | (41,752) | (29,739) |
Maturities, calls and principal pay downs | 21,869 | 24,285 |
Proceeds from sales of available-for-sale securities | 7,342 | 10,596 |
Purchases | (1,000) | |
Principal pay downs | 235 | 161 |
Net (increase) decrease in certificates of deposit with other financial institutions | 1,985 | (1,436) |
Purchase of Federal Home Loan Stock | (29) | |
Net increase in loans | (18,120) | (28,161) |
Purchase of Bank owned life insurance | (2,000) | |
Acquisition of premises and equipment | (598) | (2,634) |
Disposal of premises and equipment | 2 | |
Proceeds from sale of other real estate owned | 7 | 40 |
Net cash flows from investing activities | (32,059) | (26,888) |
Cash flows from financing activities: | ||
Net increase in deposit accounts | 27,823 | 13,652 |
Proceeds from Federal Home Loan Bank advances | 19,325 | 16,300 |
Repayments of Federal Home Loan Bank advances | (24,286) | (5,259) |
Change in short-term borrowings | 4,857 | (709) |
Dividends paid | (1,308) | (1,310) |
Net cash flows from financing activities | 26,411 | 22,674 |
Decrease in cash and cash equivalents | (269) | (363) |
Cash and cash equivalents, beginning of year | 10,181 | 10,544 |
Cash and cash equivalents, end of year | $ 9,912 | $ 10,181 |
Note 1 - Summary of Significant
Note 1 - Summary of Significant Accounting Policies | 12 Months Ended |
Jun. 30, 2017 | |
Notes to Financial Statements | |
Organization, Consolidation and Presentation of Financial Statements Disclosure and Significant Accounting Policies [Text Block] | NOTE 1—SUMMARY Principles of Consolidation: Nature of Operations: primary market area of Carroll, Columbiana, Jefferson, Stark, Summit, Wayne and contiguous counties in Ohio. The Bank’s business involves attracting deposits from businesses and individual customers and using such deposits to originate commercial, mortgage and consumer loans in its primary market area. Business Segment Information: one Use of Estimates: Cash Flows: 90 Year Ended June 30, 2017 2016 Cash paid for interest $ 1,108 $ 903 Cash paid for Federal income taxes 300 725 Non-cash transactions: Transfer from loans to repossessed assets 113 38 Transfer from loans held for sale to portfolio 342 — Expired and forfeited dividend reinvestment plan shares associated with restricted stock awards that were retired to treasury stock 4 6 Interest–Bearing Deposits in Other Financial Institutions one Certificates of Deposit in Financial Institutions: Cash Reserves: June 30, 2017 2016 $304 $5,652, Securities: may Interest income includes amortization of purchase premiums and accretion of discounts. Premiums and discounts on securities are amortized on the level-yield method without anticipating prepayments, except for mortgage-backed securities where prepayments are anticipated. Gains and losses on sales are recorded on the trade date and determined using the specific identification method. Management evaluates securities for other-than-temporary impairment (OTTI) at least on a quarterly basis and more frequently when economic or market conditions warrant such an evaluation. For securities in an unrealized loss position, management considers the extent and duration of the unrealized loss, and the financial condition and near-term prospects of the issuer. Management also assesses whether it intends to sell, or it is more likely than not not two 1 2 Federal Bank and Other Restricted Stocks: may Loans Held for Sale Loans: Interest income on commercial, commercial real estate and 1 4 90 no 120 All interest accrued but not six Loan Commitments and Related Financial Instruments: Concentrations of Credit Risk: Allowance for Loan Losses: may The allowance consists of specific and general components. The specific component relates to loans that are individually classified as impaired. The general component covers non-classified loans and is based on historical loss experience adjusted for current factors. A loan is considered impaired when, based on current information and events, it is probable that the Corporation will be unable to collect all amounts due according to the contractual terms of the loan agreement. Loans, for which the terms have been modified resulting in a concession, and for which the borrower is experiencing financial difficulties, are considered troubled debt restructurings and classified as impaired. 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 Impairment is evaluated collectively for smaller-balance loans of similar nature such as residential mortgage, consumer loans and on an individual loan basis for other loans. If a loan is impaired, a portion of the allowance is allocated so the loan is reported, net, at the present value of estimated future cash flows using the loan’s existing rate or at the fair value of collateral if repayment is expected from the collateral. Loans are evaluated for impairment when payments are delayed, typically 90 not The general component covers non-impaired loans and is based on historical loss experience adjusted for current factors. The historical loss experience is determined by portfolio segment and is based on the actual loss history experienced by the Corporation over the most recent two Commercial: Commercial loans are underwritten after evaluating and understanding the borrower’s ability to operate profitably and prudently expand its business. Current and projected cash flows are evaluated to determine the ability of the borrower to repay their obligations as agreed. Commercial loans are primarily made based on the identified cash flows of the borrower and secondarily on the underlying collateral provided by the borrower. The cash flows of borrowers, however, may not may may may Commercial Real Estate: may 1 4 one four no 80% not 80%, one Consumer Other Real Estate Owned: Transfers of Financial Assets: not Premises and Equipment: three thirty-nine one Cash Surrender Value of Life Insurance: June 30, 2017, $19,728 $9,065. June 30, 2016, $14,106 $6,819. Long-term Assets: may not Repurchase Agreements: not Retirement Plans: 401 Income Taxes: not not 50% Earnings per Common Share: Stock-Based Compensation: Comprehensive Income: Loss Contingencies: not Fair Value of Financial Instruments: 12 Dividend Restrictions: may Reclassifications: June 30, 2016 June 30, 2017 no Recently Issued Accounting Pronouncements Not In May 2014, 2014 09, Revenue from Contracts with Customers (Topic 606 606, December 15, 2017. 2014 09 not In June 2016, 2016 13, Financial Instruments—Credit Losses (Topic 326 326 2016 13 2016 13 December 15, 2019. December 15, 2018, In March 2017, 2017 08, Receivables-Nonrefundable Fees and Oher Costs : Premium Amortization on Purchased Callable Debt Securities 2017 08 not |
Note 2 - Securities
Note 2 - Securities | 12 Months Ended |
Jun. 30, 2017 | |
Notes to Financial Statements | |
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block] | NOTE 2—SECURITIES The following table summarizes the amortized cost and fair value of securities available-for-sale and securities held-to-maturity at June 30, 2017 2016 Available-for-sale Amortized Gross Gains Gross Losses Fair June 30, 2017 Obligations of U.S. government-sponsored entities and agencies $ 12,571 $ 90 $ (74 ) $ 12,587 Obligations of state and political subdivisions 56,824 890 (254 ) 57,460 U.S. Government-sponsored mortgage-backed securities - residential 64,092 184 (438 ) 63,838 U.S. Government-sponsored mortgage-backed securities - commercial 1,459 — (1 ) 1,458 U.S. Government-sponsored collateralized mortgage obligations - residential 6,310 1 (100 ) 6,211 Pooled trust preferred security 155 377 — 532 Total available-for-sale securities $ 141,411 $ 1,542 $ (867 ) $ 142,086 Held-to-maturity Amortized Gross Gains Gross Losses Fair June 30, 2017 Obligations of state and political subdivisions $ 4,259 $ 73 $ (3 ) $ 4,329 Total held-to-maturity securities $ 4,259 $ 73 $ (3 ) $ 4,329 Available-for-sale Amortized Gross Gains Gross Losses Fair June 30, 2016 Obligations of U.S. government-sponsored entities and agencies $ 9,682 $ 362 $ — $ 10,044 Obligations of state and political subdivisions 53,952 2,010 (8 ) 55,954 U.S. Government-sponsored mortgage-backed securities - residential 58,702 920 (26 ) 59,596 U.S. Government-sponsored mortgage-backed securities - commercial 1,485 41 — 1,526 U.S. Government-sponsored collateralized mortgage obligations - residential 5,774 49 (3 ) 5,820 Pooled trust preferred security 153 276 — 429 Total available-for-sale securities $ 129,748 $ 3,658 $ (37 ) $ 133,369 Held-to-maturity Amortized Gross Gains Gross Losses Fair June 30, 2016 Obligations of state and political subdivisions $ 3,494 $ 125 $ — $ 3,619 Total held-to-maturity securities $ 3,494 $ 125 $ — $ 3,619 Proceeds from sales and calls of available-for-sale securities during fiscal year 2017 2016 2017 2016 Proceeds from sales and calls $ 14,255 $ 10,596 Gross realized gains 213 202 Gross realized losses 4 — The income tax provision related to these net realized gains and losses amounted to $71 2017 $69 2016. The amortized cost and fair values of debt securities at June 30, 2017 may not Available-for-sale Amortized Cost Fair Value Due in one year or less $ 1,552 $ 1,555 Due after one year through five years 17,428 17,727 Due after five years through ten years 28,024 28,367 Due after ten years 22,391 22,398 Total 69,395 70,047 U.S. Government-sponsored mortgage-backed and related securities 71,861 71,507 Pooled trust preferred security 155 532 Total $ 141,411 $ 142,086 Held-to-maturity Amortized Cost Fair Value Due after five years through ten years $ 601 $ 620 Due after ten years 3,658 3,709 Total $ 4,259 $ 4,329 Securities with a carrying value of approximately $55,932 $55,140 June 30, 2017 2016, June 30, 2017 2016, no one 10% The following table summarizes the securities with unrealized and unrecognized losses at June 30, 2017 2016, Less than 12 Months 12 Months or more Total Available-for-sale Fair Unrealized Fair Unrealized Fair Unrealized June 30, 2017 Obligations of US government-sponsored entities and agencies $ 4,336 $ (74 ) $ — $ — $ 4,336 $ (74 ) Obligations of states and political subdivisions 13,881 (241 ) 834 (13 ) 14,715 (254 ) Mortgage-backed securities - residential 42,071 (391 ) 2,805 (47 ) 44,876 (438 ) Mortgage-backed securities - commercial 1,458 (1 ) — — 1,458 (1 ) Collateralized mortgage obligations - residential 5,417 (88 ) 654 (12 ) 6,071 (100 ) Total available-for-sale $ 67,163 $ (795 ) $ 4,293 $ (72 ) $ 71,456 $ (867 ) Less than 12 Months 12 Months or more Total Held-to-Maturity Fair Unrealized Fair Unrealized Fair Unrealized June 30, 2017 Obligations of states and political subdivisions $ 933 $ (3 ) $ — $ — $ 933 $ (3 ) Less than 12 Months 12 Months or more Total Available-for-sale Fair Unrealized Fair Unrealized Fair Unrealized June 30, 2016 Obligations of states and political subdivisions $ 572 $ (6 ) $ 641 $ (2 ) $ 1,213 $ (8 ) Mortgage-backed securities - residential 4,899 (12 ) 4,836 (14 ) 9,735 (26 ) Collateralized mortgage obligations - residential — — 1,212 (3 ) 1,212 (3 ) Total available-for-sale $ 5,471 $ (18 ) $ 6,689 $ (19 ) $ 12,160 $ (37 ) Management evaluates securities for other-than-temporary impairment (OTTI) on a quarterly basis, and more frequently when economic or market conditions warrant such an evaluation. The securities portfolio is evaluated for OTTI by segregating the portfolio into two 320, Accounting for Certain Investments in Debt and Equity Securities In determining OTTI under the ASC Topic 320 1 2 3 4 not As of June 30, 2017, 252 100 June 30, 2017, seven twelve June 30, 2017, the Corporation does not not may not June 30, 2017. no June 30, 2016. |
Note 3 - Loans
Note 3 - Loans | 12 Months Ended |
Jun. 30, 2017 | |
Notes to Financial Statements | |
Loans, Notes, Trade and Other Receivables Disclosure [Text Block] | NOTE 3—LOANS Major classifications of loans were as follows as of June 30: 2017 2016 Commercial $ 46,380 $ 43,207 Commercial real estate: Construction 5,604 7,783 Other 158,225 153,097 1 – 4 Family residential real estate: Owner occupied 41,411 31,012 Non-owner occupied 14,415 14,471 Construction 1,988 1,256 Consumer 5,138 5,812 Subtotal 273,161 256,638 Less: Deferred loan fees and costs (294 ) (360 ) Allowance for loan losses (3,086 ) (3,566 ) Net loans $ 269,781 $ 252,712 The following table presents the activity in the allowance for loan losses by portfolio segment for the year ending June 30, 2017: 1-4 Family Commercial Residential Real Real Commercial Estate Estate Consumer Total Allowance for loan losses: Beginning balance $ 505 $ 2,518 $ 402 $ 141 $ 3,566 Provision for loan losses 18 581 77 (80 ) 596 Loans charged-off (6 ) (1,061 ) (44 ) (37 ) (1,148 ) Recoveries 1 — 38 33 72 Total ending allowance balance $ 518 $ 2,038 $ 473 $ 57 $ 3,086 The following table presents the activity in the allowance for loan losses by portfolio segment for the year ending June 30, 2016: 1-4 Family Commercial Residential Real Real Commercial Estate Estate Consumer Total Allowance for loan losses: Beginning balance $ 316 $ 1,660 $ 289 $ 167 $ 2,432 Provision for loan losses 189 862 414 33 1,498 Loans charged-off — (4 ) (311 ) (80 ) (395 ) Recoveries — — 10 21 31 Total ending allowance balance $ 505 $ 2,518 $ 402 $ 141 $ 3,566 The following table presents the balance in the allowance for loan losses and the recorded investment in loans by portfolio segment and based on impairment method as of June 30, 2017. $581 1-4 Family Commercial Residential Real Real Commercial Estate Estate Consumer Total Allowance for loan losses: Ending allowance balance attributable to loans: Individually evaluated for impairment $ — $ 42 $ 2 $ — $ 44 Collectively evaluated for impairment 518 1,996 471 57 3,042 Total ending allowance balance $ 518 $ 2,038 $ 473 $ 57 $ 3,086 Recorded investment in loans: Loans individually evaluated for impairment $ 444 $ 1,587 $ 203 $ — $ 2,234 Loans collectively evaluated for impairment 45,993 162,176 57,901 5,144 271,214 Total ending loans balance $ 46,437 $ 163,763 $ 58,104 $ 5,144 $ 273,448 The following table presents the balance in the allowance for loan losses and the recorded investment in loans by portfolio segment and based on impairment method as of June 30, 2016. $549 1-4 Family Commercial Residential Real Real Commercial Estate Estate Consumer Total Allowance for loan losses: Ending allowance balance attributable to loans: Individually evaluated for impairment $ — $ 868 $ 6 $ — $ 874 Collectively evaluated for impairment 505 1,650 396 141 2,692 Total ending allowance balance $ 505 $ 2,518 $ 402 $ 141 $ 3,566 Recorded investment in loans: Loans individually evaluated for impairment $ 1,029 $ 5,105 $ 758 $ — $ 6,892 Loans collectively evaluated for impairment 42,219 155,734 46,166 5,816 249,935 Total ending loans balance $ 43,248 $ 160,839 $ 46,924 $ 5,816 $ 256,827 The following table presents information related to loans individually evaluated for impairment by class of loans as of and for the year ended June 30, 2017: Unpaid Allowance for Average Interest Cash Basis Principal Recorded Loan Losses Recorded Income Interest Balance Investment Allocated Investment Recognized Recognized With no related allowance recorded: Commercial $ 482 $ 444 $ — $ 207 $ 80 $ 80 Commercial real estate: Construction — — — 87 6 6 Other 1,928 1,039 — 951 105 105 1-4 Family residential real estate: Owner occupied 104 103 — 119 — — Non-owner occupied — — — 183 — — With an allowance recorded: Commercial real estate: Other 548 548 42 1,884 21 21 1-4 Family residential real estate: Owner occupied 99 100 2 120 6 6 Total $ 3,161 $ 2,234 $ 44 $ 3,551 $ 218 $ 218 The following table presents information related to loans individually evaluated for impairment by class of loans as of and for the year ended June 30, 2016: Unpaid Allowance for Average Interest Cash Basis Principal Recorded Loan Losses Recorded Income Interest Balance Investment Allocated Investment Recognized Recognized With no related allowance recorded: Commercial $ 1,033 $ 1,029 $ — $ 95 $ — $ — Commercial real estate: Construction 386 384 — 52 — — Other 2,121 2,106 — 2,344 — — 1-4 Family residential real estate: Owner occupied 175 174 — 357 2 2 Non-owner occupied 722 407 — 435 — — With an allowance recorded: Commercial real estate: Other 2,802 2,615 868 1,103 8 8 1-4 Family residential real estate: Owner occupied 177 177 6 149 — — Non-owner occupied — — — 115 — — Total $ 7,416 $ 6,892 $ 874 $ 4,650 $ 10 $ 10 The following table presents the recorded investment in non-accrual and loans past due over 90 June 30, 2017 2016: June 30, 2017 June 30, 2016 Loans Past Due Loans Past Due Over 90 Days Over 90 Days Still Still Non-accrual Accruing Non-accrual Accruing Commercial $ 368 $ — $ 1,009 $ — Commercial real estate: Construction — — 384 — Other 729 — 4,000 — 1 – 4 Family residential: Owner occupied 90 — 234 — Non-owner occupied — — 407 — Consumer — — — — Total $ 1,187 $ — $ 6,034 $ — Non-accrual loans and loans past due 90 The following table presents the aging of the recorded investment in past due loans as of June 30, 2017 Days Past Due 30 - 59 60 - 89 90 Days or Total Loans Not Days Days Greater Past Due Past Due Total Commercial $ — $ — $ 35 $ 35 $ 46,402 $ 46,437 Commercial real estate: Construction — — — — 5,596 5,596 Other — — 130 130 158,037 158,167 1-4 Family residential: Owner occupied 13 — 74 87 41,605 41,692 Non-owner occupied — — — — 14,416 14,416 Construction — — — — 1,996 1,996 Consumer 22 — — 22 5,122 5,144 Total $ 35 $ — $ 239 $ 274 $ 273,174 $ 273,448 The above table of past due loans includes the recorded investment in non-accrual loans of $239 90 $948 not The following table presents the aging of the recorded investment in past due loans as of June 30, 2016 Days Past Due 30 - 59 60 - 89 90 Days or Total Loans Not Days Days Greater Past Due Past Due Total Commercial $ 123 $ — $ — $ 123 $ 43,125 $ 43,248 Commercial real estate: Construction — — — — 7,764 7,764 Other 59 — 2,110 2,169 150,906 153,075 1-4 Family residential: Owner occupied 15 — 218 233 30,947 31,180 Non-owner occupied — — 196 196 14,278 14,474 Construction — — — — 1,270 1,270 Consumer 7 — — 7 5,809 5,816 Total $ 204 $ — $ 2,524 $ 2,728 $ 254,099 $ 256,827 The above table of past due loans includes the recorded investment in non-accrual loans of $2,524 90 $3,510 not Troubled Debt Restructurings: As of June 30, 2017, $1,740 $33 June 30, 2016, $3,529 $43 During the fiscal year ended June 30, 2017, June 30, 2017: Pre-Modification Post-Modification Number of Outstanding Recorded Outstanding Recorded Loans Investment Investment Commercial 2 $ 518 $ 518 Commercial real estate: Other 1 512 512 Total 3 $ 1,030 $ 1,030 The troubled debt restructurings described above did not twelve June 30, 2017. June 30, 2017, $175 no twelve During the fiscal year ended June 30, 2016, one one June 30, 2016: Pre-Modification Post-Modification Number of Outstanding Recorded Outstanding Recorded Loans Investment Investment Commercial 3 $ 1,058 $ 1,029 Commercial real estate: Other 3 1,294 1,487 Total 6 $ 2,352 $ 2,516 The troubled debt restructurings described above did not twelve June 30, 2016. June 30, 2016, $207 no twelve Credit Quality Indicators: The Corporation categorizes loans into risk categories based on relevant information about the ability of borrowers to service their debt such as: current financial information, historical payment experience, credit documentation, public information, and current economic trends, among other factors. The Corporation analyzes loans individually by classifying the loans as to credit risk. This analysis includes loans with a total outstanding loan relationship greater than $100 Special Mention. may Substandard. not Doubtful. Loans not not $100 As of June 30, 2017, Special Not Pass Mention Substandard Doubtful Rated Commercial $ 44,435 $ 907 $ 642 $ — $ 453 Commercial real estate: Construction 4,514 1,035 — 4 43 Other 150,460 5,110 1,566 470 561 1-4 Family residential real estate: Owner occupied 2,668 — 11 30 38,983 Non-owner occupied 13,633 210 261 187 125 Construction 1,223 — — — 773 Consumer 145 — — — 4,999 Total $ 217,078 $ 7,262 $ 2,480 $ 691 $ 45,937 As of June 30, 2016, Special Not Pass Mention Substandard Doubtful Rated Commercial $ 35,243 $ 6,190 $ 1,162 $ — $ 653 Commercial real estate: Construction 7,305 — 384 — 75 Other 144,101 2,482 4,026 2,150 316 1-4 Family residential real estate: Owner occupied 3,506 72 349 47 27,206 Non-owner occupied 12,999 406 486 196 387 Construction 235 — — — 1,035 Consumer 210 — 6 — 5,600 Total $ 203,599 $ 9,150 $ 6,413 $ 2,393 $ 35,272 The Bank has granted loans to certain of its executive officers, directors and their affiliates. A summary of activity during the year ended June 30, 2017 Principal balance, July 1 $ 4,724 New loans 1,620 Effect of changes in composition of related parties 3,565 Repayments (422 ) Principal balance, June 30 $ 9,487 |
Note 4 - Premised and Equipment
Note 4 - Premised and Equipment | 12 Months Ended |
Jun. 30, 2017 | |
Notes to Financial Statements | |
Property, Plant and Equipment Disclosure [Text Block] | NOTE 4—PREMISES Major classifications of premises and equipment were as follows as of June 30: 2017 2016 Land $ 1,469 $ 1,469 Land improvements 340 317 Building and leasehold improvements 12,180 11,978 Furniture, fixture and equipment 5,023 4,694 Total premises and equipment 19,012 18,458 Accumulated depreciation and amortization (5,614 ) (4,873 ) Premises and equipment, net $ 13,398 $ 13,585 Depreciation expense was $781 $647 June 30, 2017 2016, The Corporation is obligated under non-cancelable operating leases for facilities and equipment. The approximate minimum annual rentals and commitments under these non-cancelable agreements and leases with remaining terms in excess of one Twelve Months Ending June 30 2018 $ 97 2019 50 2020 50 2021 25 Total $ 222 Rent expense incurred was $158 $159 June 30, 2017 2016, |
Note 5 - Deposits
Note 5 - Deposits | 12 Months Ended |
Jun. 30, 2017 | |
Notes to Financial Statements | |
Deposit Liabilities Disclosures [Text Block] | NOTE 5—DEPOSITS The aggregate amount of time deposits, each with a minimum denomination of $250 $14,252 $14,176 June 30, 2017 2016, Scheduled maturities of time deposits at June 30, 2017 Twelve Months Ending June 30 2018 $ 34,935 2019 17,962 2020 5,948 2021 3,789 2022 3,172 Thereafter 705 $ 66,511 Related party deposits totaled $4,828 June 30, 2017 $5,386 June 30, 2016. |
Note 6 - Short-term Borrowings
Note 6 - Short-term Borrowings | 12 Months Ended |
Jun. 30, 2017 | |
Notes to Financial Statements | |
Debt Disclosure [Text Block] | NOTE 6—SHORT Short-term borrowings consisted of repurchase agreements and federal fund purchased. Securities sold under agreements to repurchase are utilized to facilitate the needs of our customers. Physical control is maintained for all securities pledged to secure repurchase agreements. Information concerning all short-term borrowings at June 30, 2017 2016, one 2017 2016 Balance at June 30 $ 23,986 $ 19,129 Average balance during the year 21,053 21,196 Maximum month-end balance 28,073 25,759 Average interest rate during the year 0.43 % 0.18 % Weighted average rate, June 30 0.82 % 0.20 % Securities available-for-sale pledged for repurchase agreements as of June 30, 2017 2016 Overnight and Continuous 2017 2016 U.S. government-sponsored entities and agencies pledged $ 2,015 $ 2,066 Residential mortgage-backed securities pledged 20,923 16,864 Collateralized mortgage obligations pledged 2,355 1,510 Total pledged $ 25,293 $ 20,440 Repurchase agreements $ 23,986 $ 19,129 Total interest expense on short-term borrowings was $90 $39 June 30, 2017 2016, |
Note 7 - Federal Home Loan Bank
Note 7 - Federal Home Loan Bank Advances | 12 Months Ended |
Jun. 30, 2017 | |
Notes to Financial Statements | |
Federal Home Loan Bank Advances, Disclosure [Text Block] | NOTE 7—FEDERAL A summary of Federal Home Loan Bank (FHLB) advances were as follows: June 30, 2017 June 30, 2016 Stated Interest Rate Range Weighted Average Weighted Average Advance Type From To Amount Rate Amount Rate Fixed-rate, amortizing 4.30 % 4.30 % $ 120 4.30 % $ 181 4.30 % Fixed-rate 0.43 3.24 12,200 1.47 17,100 1.45 Each fixed rate advance has a prepayment penalty equal to the present value of 100% Twelve Months Ending June 30 Principal 2018 $ 570 2019 2,050 2020 1,500 2021 1,500 2022 1,700 Thereafter 5,000 Total $ 12,320 Pursuant to collateral agreements with the FHLB, advances are secured by all the stock invested in the FHLB and certain qualifying first $49,023 first $28,085 first June 30, 2017 2016, $14,325 June 30, 2017. |
Note 8 - Employee Benefit Plans
Note 8 - Employee Benefit Plans | 12 Months Ended |
Jun. 30, 2017 | |
Notes to Financial Statements | |
Compensation and Employee Benefit Plans [Text Block] | NOTE 8—EMPLOYEE The Bank maintains a 401 100% 4% six 21 Amounts charged to operations were $190 $181, June 30, 2017 2016, The Bank maintains a nonqualified Salary Continuation Plan (SCP) to reward and encourage certain Bank executives to remain employees of the Bank. The SCP is considered an unfunded plan for tax and Employee Retirement Income Security Act (ERISA) purposes and all obligations arising under the SCP are payable from the general assets of the Corporation. The estimated present value of future benefits to be paid to certain current and former executives totaled $2,152 June 30, 2017 $2,020 June 30, 2016 June 30, 2017 2016 4.5% June 30, 2017 2016, $196 $191, $64 June 30, 2017 2016. The 2010 2010 2010 2010 2010 Under the 2010 may 2010 The Corporation has granted restricted stock awards to certain employees and directors. Restricted stock awards are issued at no four not four The following table summarizes the status of the restricted stock awards: Restricted Stock Awards Weighted-Average Grant Date Fair Value Per Share Outstanding at June 30, 2016 3,564 $ 15.33 Expired (2,135 ) 15.05 Non-vested at June 30, 2017 1,429 15.75 There was no 2016 2017 not 1,429 June 30, 2017 |
Note 9 - Income Taxes
Note 9 - Income Taxes | 12 Months Ended |
Jun. 30, 2017 | |
Notes to Financial Statements | |
Income Tax Disclosure [Text Block] | NOTE 9—INCOME The provision for income taxes consists of the following for the years ended June 30: 2017 2016 Current income taxes $ 513 $ 421 Deferred income tax expense (benefit) 128 (142 ) $ 641 $ 279 The net deferred income tax asset consists of the following components at June 30: 2017 2016 Deferred tax assets: Allowance for loan losses $ 919 $ 1,082 Deferred compensation 771 721 Recognized loss on impairment of security 265 265 AMT credit carryforward 220 143 Deferred income 119 140 Other real estate owned deferred gain 12 13 Other real estate owned write down 10 — Non-accrual loan interest income 58 72 Gross deferred tax asset 2,374 2,436 Deferred tax liabilities: Depreciation (788 ) (761 ) Loan fees (320 ) (279 ) Prepaid expenses (89 ) (91 ) FHLB stock dividends (166 ) (166 ) Net unrealized securities gain (229 ) (1,231 ) Gross deferred tax liabilities (1,592 ) (2,528 ) Net deferred asset (liability) $ 782 $ (92 ) The difference between the provision for income taxes and amounts computed by applying the statutory income tax rate of 34% June 30: 2017 2016 Income taxes computed at the statutory rate on pretax income $ 1,236 $ 825 Tax exempt income (498 ) (491 ) Cash surrender value income (83 ) (65 ) Tax credit (25 ) — Other 11 10 $ 641 $ 279 At June 30, 2017 June 30, 2016, no not twelve no June 30, 2017 2016 no June 30, 2017 2016. The Corporation and the Bank are subject to U.S. federal income tax as an income-based tax and a capital-based franchise tax in the state of Ohio. The Corporation and the Bank are no 2013. |
Note 10 - Regulatory Matters
Note 10 - Regulatory Matters | 12 Months Ended |
Jun. 30, 2017 | |
Notes to Financial Statements | |
Regulatory Capital Requirements under Banking Regulations [Text Block] | NOTE 10—REGULATORY The Bank is subject to regulatory capital requirements administered by federal banking agencies. Capital adequacy guidelines and prompt corrective-action regulations involve quantitative measures of assets, liabilities, and certain off-balance-sheet items calculated under regulatory accounting practices. Capital amounts and classifications are also subject to qualitative judgments by regulators about components, risk weightings, and other factors and the regulators can lower classifications in certain cases. Failure to meet various capital requirements can initiate regulatory action that could have a direct material effect on the financial statements. Management believes as of June 30, 2017, The prompt corrective action regulations provide five not As of fiscal year-end 2017 2016, January 1, 2015 January 1, 2016 0.625% four January 1, 2.5% January 1, 2019 2017 1.250%. 1 not The following table presents actual and required capital ratios as of June 30, 2017 June 30, 2016 Actual Minimum Capital Required For Capital Adequacy Purposes Minimum Required To Be Considered Well Capitalized Amount Ratio Amount Ratio Amount Ratio June 30, 2017 Common equity Tier 1 to risk-weighted assets Bank $ 41.4 13.21 % $ 18.0 4.50 % $ 20.4 6.50 % Tier 1 capital to risk weighted assets Bank 41.4 13.21 22.7 6.00 25.1 8.00 Total Capital to risk weighted assets Bank 44.5 14.20 29.0 8.00 31.4 10.00 Tier 1 capital to average assets Bank 41.4 9.06 18.3 4.00 22.9 5.00 Actual Minimum Capital Required - Basel III Minimum Required To Be Considered Well Capitalized Amount Ratio Amount Ratio Amount Ratio June 30, 2016 Common equity Tier 1 to risk-weighted assets Bank $ 39.4 13.37 % $ 15.1 4.50 % $ 19.1 6.50 % Tier 1 capital to risk weighted assets Bank 39.4 13.37 19.5 6.00 23.6 8.00 Total Capital to risk weighted assets Bank 42.9 14.58 25.4 8.00 29.4 10.00 Tier 1 capital to average assets Bank 39.4 9.25 17.0 4.00 21.3 5.00 As of the latest regulatory examination, the Bank was categorized as well capitalized. There are no may The Corporation’s principal source of funds for dividend payment is dividends received from the Bank. Banking regulations limit the amount of dividends that may may two June 30, 2017 $3,612. |
Note 11 - Commitments with Off-
Note 11 - Commitments with Off-balance Sheet Risk | 12 Months Ended |
Jun. 30, 2017 | |
Notes to Financial Statements | |
Commitments with Off-Balance Sheet Risk Disclosure [Text Block] | NOTE 11—COMMITMENTS The Bank is a party to commitments to extend credit in the normal course of business to meet the financing needs of its customers. Commitments are agreements to lend to customers providing there are no The Bank evaluates each customer’s credit on a case by case basis. The amount of collateral obtained is based on management’s credit evaluation of the customer. The amount of commitments to extend credit and the exposure to credit loss for non-performance by the customer was $53,029 $46,696 June 30, 2017 2016, June 30, 2017 $41,167 $11,862 2.45% 6.50% July 2017 June 2048. June 30, 2016 $44,228 $2,468 3.10% 5.99%. $713 June 30, 2017 $1,032 June 30, 2016. $8,121 $7,829 June 30, 2017 2016, not |
Note 12 - Fair Value
Note 12 - Fair Value | 12 Months Ended |
Jun. 30, 2017 | |
Notes to Financial Statements | |
Fair Value Disclosures [Text Block] | NOTE 12—FAIR Fair value is the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. There are three may Level 1: Level 2: 1 not Level 3: Financial assets and financial liabilities measured at fair value on a recurring basis include the following: Securities available-for-sale: 1 not 2 not 3 Assets and liabilities measured at fair value on a recurring basis are summarized below, segregated by the level of the valuation inputs within the fair value hierarchy utilized to measure fair value: Fair Value Measurements at June 30, 2017 Using Balance at June 30, 2017 Level 1 Level 2 Level 3 Assets: Securities available-for-sale: Obligations of government-sponsored entities $ 12,587 $ — $ 12,587 $ — Obligations of states and political subdivisions 57,460 — 57,460 — Mortgage-backed securities - residential 63,838 — 63,838 — Mortgage-backed securities - commercial 1,458 — 1,458 — Collateralized mortgage obligations 6,211 — 6,211 — Pooled trust preferred security 532 — 532 — Fair Value Measurements at June 30, 2016 Using Balance at June 30, 2016 Level 1 Level 2 Level 3 Securities available-for-sale: Obligations of government-sponsored entities $ 10,044 $ — $ 10,044 $ — Obligations of states and political subdivisions 55,954 — 55,954 — Mortgage-backed securities - residential 59,596 — 59,596 — Mortgage-backed securities - commercial 1,526 — 1,526 — Collateralized mortgage obligations 5,820 — 5,820 — Pooled trust preferred security 429 — 429 — There were no 1 2 2016 2017 Certain financial assets and financial liabilities are measured at fair value on a non-recurring basis; that is, the instruments are not Impaired Loans: may 3 Other Real Estate Owned: Financial assets and financial liabilities measured at fair value on a non-recurring basis are summarized below: Fair Value Measurements at June 30, 2017 Using Balance at June 30, 2017 Level 1 Level 2 Level 3 Impaired loans: Commercial Real Estate - Other $ 130 $ — $ — $ 130 Other Real Estate Owned: 1-4 Family residential real estate 71 $ — $ — 71 Fair Value Measurements at June 30, 2016 Using Balance at June 30, 2016 Level 1 Level 2 Level 3 Impaired loans: Commercial Real Estate - Other $ 1,206 $ — $ — $ 1,206 1-4 Family residential real estate – Non-owner occupied 197 — — 197 Impaired loans, measured for impairment using the fair value of the collateral, had a recorded investment of $130, no June 30, 2017. $314 June 30, 2017. $2,150, $747 June 30, 2016. $1,010 June 30, 2016. Other real estate owned which is measured at the lower of carrying or fair value less costs to sell, had a net carrying amount of $71, $103, $32 June 30, 2017, $32 June 30, 2017. no June 30, 2016. The following table presents quantitative information about Level 3 June 30, 2017: Fair Value Valuation Technique Unobservable Inputs Range Weighted Average Impaired loans: Commercial Real Estate – Other $ 130 Bid Indication N/A 0.0 % 0.0 % Other Real Estate Owned: 1-4 Family residential real estate $ 71 Bid Indication N/A 0.0 % 0.0 % The following table presents quantitative information about Level 3 June 30, 2016: Fair Value Valuation Technique Unobservable Inputs Range Weighted Average Impaired loans: Commercial Real Estate – Other $ 459 Settlement Contract N/A 0.0 % 0.0 % Commercial Real Estate – Other $ 127 Bid Indications N/A 0.0 % 0.0 % Commercial Real Estate – Other $ 620 Bid Indications N/A 0.0 % 0.0 % 1-4 Family residential real estate – Non-owner occupied $ 197 Bid Indications N/A 0.0 % 0.0 % The following table shows the estimated fair values of financial instruments that are reported at amortized cost in the Corporation’s consolidated balance sheets, segregated by the level of the valuation inputs within the fair value hierarchy utilized to measure fair value: 2017 2016 Carrying Estimated Carrying Estimated Financial Assets: Level 1 inputs: Cash and cash equivalents $ 9,912 $ 9,912 $ 10,181 $ 10,181 Level 2 inputs: Certificates of deposits in other financial institutions 3,921 3,927 5,906 5,906 Loans held for sale 1,252 1,286 1,048 1,067 Accrued interest receivable 1,212 1,212 1,077 1,077 Level 3 inputs: Securities held-to-maturity 4,259 4,329 3,494 3,619 Loans, net 269,781 266,041 252,712 253,155 Financial Liabilities: Level 2 inputs: Demand and savings deposits 307,960 307,960 281,640 281,640 Time deposits 66,511 66,535 65,008 65,111 Short-term borrowings 23,986 23,986 19,129 19,129 Federal Home Loan Bank advances 12,320 12,054 17,281 17,486 Accrued interest payable 40 40 40 40 The assumptions used to estimate fair value are described as follows: Cash and cash equivalents: 1 Certificates of deposits in other financial institutions: 2 Accrued interest receivable and payable, demand and savings deposits and short-term borrowings 2 Loans held for sale: third 2 Loans: six 3 not Securities held-to-maturity: The fair value of these securities are calculated using a spread to the applicable municipal fair market curve resulting in a Level 3 Time deposits: June 30, 2017 2016, 2 not Federal Home Loan Bank advances: June 30, 2017 2016 2 Federal bank and other restricted stocks, at cost: not Off-balance sheet commitments: not not |
Note 13 - Parent Company Financ
Note 13 - Parent Company Financial Statements | 12 Months Ended |
Jun. 30, 2017 | |
Notes to Financial Statements | |
Condensed Financial Information of Parent Company Only Disclosure [Text Block] | NOTE 13—PARENT Condensed financial information of Consumers Bancorp. Inc. (parent company only) follows: June 30, June 30, Condensed Balance Sheets Assets Cash $ 36 $ 46 Securities, available-for-sale 1,651 2,050 Other assets 61 50 Investment in subsidiary 41,843 41,708 Total assets $ 43,591 $ 43,854 Liabilities Other liabilities $ 56 $ 61 Shareholders’ equity 43,535 43,793 Total liabilities & shareholders’ equity $ 43,591 $ 43,854 Year Ended Year Ended Condensed Statements of Income and Comprehensive Income Cash dividends from Bank subsidiary $ 1,065 $ 1,425 Other income 51 46 Other expense 213 206 Income before income taxes and equity in undistributed net income of subsidiary 903 1,265 Income tax benefit (53 ) (50 ) Income before equity in undistributed net income of Bank subsidiary 956 1,315 Equity in undistributed net income of subsidiary 2,038 832 Net income $ 2,994 $ 2,147 Comprehensive income $ 1,050 $ 3,637 Condensed Statements of Cash Flows Year Ended Year Ended Cash flows from operating activities Net income $ 2,994 $ 2,147 Equity in undistributed net income of Bank subsidiary (2,038 ) (832 ) Securities amortization and accretion, net (10 ) (11 ) Gain on sale of securities (11 ) — Change in other assets and liabilities 6 (2 ) Net cash flows from operating activities 941 1,302 Cash flows from investing activities Proceeds from the sale of available-for-sale securities 357 — Net cash flows from investing activities 357 — Cash flows from financing activities Dividend paid (1,308 ) (1,310 ) Net cash flows from financing activities (1,308 ) (1,310 ) Change in cash and cash equivalents (10 ) (8 ) Beginning cash and cash equivalents 46 54 Ending cash and cash equivalents $ 36 $ 46 |
Note 14 - Earnings Per Share
Note 14 - Earnings Per Share | 12 Months Ended |
Jun. 30, 2017 | |
Notes to Financial Statements | |
Earnings Per Share [Text Block] | Note 14 Basic earnings per share is the amount of earnings available to each share of common stock outstanding during the reporting period and is equal to net income divided by the weighted average number of shares outstanding during the period. Diluted earnings per share is the amount of earnings available to each share of common stock outstanding during the reporting period adjusted to include the effect of potentially dilutive common shares that may For the year Ended June 30, 201 7 2016 Basic: Net income available to common shareholders $ 2,994 $ 2,147 Weighted average common shares outstanding 2,724,293 2,725,276 Basic income per share $ 1.10 $ 0.79 Diluted: Net income available to common shareholders $ 2,994 $ 2,147 Weighted average common shares outstanding 2,724,293 2,725,276 Dilutive effect of restricted stock 32 103 Total common shares and dilutive potential common shares 2,724,325 2,725,379 Dilutive income per share $ 1.10 $ 0.79 |
Note 15 - Accumulated Other Com
Note 15 - Accumulated Other Comprehensive Income (Loss) | 12 Months Ended |
Jun. 30, 2017 | |
Notes to Financial Statements | |
Comprehensive Income (Loss) Note [Text Block] | Note 15 The components of other comprehensive income related to unrealized gains and losses on available-for-sale securities for the periods ended June 30, 2017 June 30, 2016, Pretax Tax Effect After-tax Affected Line Item in Consolidated Statements of Income Balance as of June 30, 2015 $ 1,363 $ (464 ) $ 899 Unrealized holding loss on available-for-sale securities arising during the period 2,460 (837 ) 1,623 Amounts reclassified from accumulated other comprehensive income (202 ) 69 (133 ) (a)(b) Net current period other comprehensive gain 2,258 (768 ) 1,490 Balance as of June 30, 2016 3,621 (1,232 ) 2,389 Unrealized holding gain on available-for-sale securities arising during the period (2,737 ) 931 (1,806 ) Amounts reclassified from accumulated other comprehensive income (209 ) 71 (138 ) (a)(b) Net current period other comprehensive loss (2,946 ) 1,002 (1,944 ) Balance as of June 30, 201 7 $ 675 $ (230 ) $ 445 (a) Securities gain, net (b) Income tax expense |
Significant Accounting Policies
Significant Accounting Policies (Policies) | 12 Months Ended |
Jun. 30, 2017 | |
Accounting Policies [Abstract] | |
Consolidation, Policy [Policy Text Block] | Principles of Consolidation: |
Nature of Operations [Policy Text Block] | Nature of Operations: primary market area of Carroll, Columbiana, Jefferson, Stark, Summit, Wayne and contiguous counties in Ohio. The Bank’s business involves attracting deposits from businesses and individual customers and using such deposits to originate commercial, mortgage and consumer loans in its primary market area. |
Segment Reporting, Policy [Policy Text Block] | Business Segment Information: one |
Use of Estimates, Policy [Policy Text Block] | Use of Estimates: |
Cash and Cash Equivalents, Policy [Policy Text Block] | Cash Flows: 90 Year Ended June 30, 2017 2016 Cash paid for interest $ 1,108 $ 903 Cash paid for Federal income taxes 300 725 Non-cash transactions: Transfer from loans to repossessed assets 113 38 Transfer from loans held for sale to portfolio 342 — Expired and forfeited dividend reinvestment plan shares associated with restricted stock awards that were retired to treasury stock 4 6 |
Interest Bearing Deposits in Other Financial Institutions [Policy Text Block] | Interest–Bearing Deposits in Other Financial Institutions one |
Certificate of Deposits in Financial Institutions [Policy Text Block] | Certificates of Deposit in Financial Institutions: |
Cash Reserves [Policy Text Block] | Cash Reserves: June 30, 2017 2016 $304 $5,652, |
Marketable Securities, Policy [Policy Text Block] | Securities: may Interest income includes amortization of purchase premiums and accretion of discounts. Premiums and discounts on securities are amortized on the level-yield method without anticipating prepayments, except for mortgage-backed securities where prepayments are anticipated. Gains and losses on sales are recorded on the trade date and determined using the specific identification method. Management evaluates securities for other-than-temporary impairment (OTTI) at least on a quarterly basis and more frequently when economic or market conditions warrant such an evaluation. For securities in an unrealized loss position, management considers the extent and duration of the unrealized loss, and the financial condition and near-term prospects of the issuer. Management also assesses whether it intends to sell, or it is more likely than not not two 1 2 |
Federal Home Loan Bank FHLB Stock [Policy Text Block] | Federal Bank and Other Restricted Stocks: may |
Finance, Loan and Lease Receivables, Held-for-sale, Policy [Policy Text Block] | Loans Held for Sale |
Policy Loans Receivable, Policy [Policy Text Block] | Loans: Interest income on commercial, commercial real estate and 1 4 90 no 120 All interest accrued but not six |
Loan Commitments, Policy [Policy Text Block] | Loan Commitments and Related Financial Instruments: |
Concentration Risk, Credit Risk, Policy [Policy Text Block] | Concentrations of Credit Risk: |
Loans and Leases Receivable, Allowance for Loan Losses Policy [Policy Text Block] | Allowance for Loan Losses: may The allowance consists of specific and general components. The specific component relates to loans that are individually classified as impaired. The general component covers non-classified loans and is based on historical loss experience adjusted for current factors. A loan is considered impaired when, based on current information and events, it is probable that the Corporation will be unable to collect all amounts due according to the contractual terms of the loan agreement. Loans, for which the terms have been modified resulting in a concession, and for which the borrower is experiencing financial difficulties, are considered troubled debt restructurings and classified as impaired. 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 Impairment is evaluated collectively for smaller-balance loans of similar nature such as residential mortgage, consumer loans and on an individual loan basis for other loans. If a loan is impaired, a portion of the allowance is allocated so the loan is reported, net, at the present value of estimated future cash flows using the loan’s existing rate or at the fair value of collateral if repayment is expected from the collateral. Loans are evaluated for impairment when payments are delayed, typically 90 not The general component covers non-impaired loans and is based on historical loss experience adjusted for current factors. The historical loss experience is determined by portfolio segment and is based on the actual loss history experienced by the Corporation over the most recent two Commercial: Commercial loans are underwritten after evaluating and understanding the borrower’s ability to operate profitably and prudently expand its business. Current and projected cash flows are evaluated to determine the ability of the borrower to repay their obligations as agreed. Commercial loans are primarily made based on the identified cash flows of the borrower and secondarily on the underlying collateral provided by the borrower. The cash flows of borrowers, however, may not may may may Commercial Real Estate: may 1 4 one four no 80% not 80%, one Consumer |
Finance, Loan and Lease Receivables, Held for Investments, Foreclosed Assets Policy [Policy Text Block] | Other Real Estate Owned: |
Transfers and Servicing of Financial Assets, Policy [Policy Text Block] | Transfers of Financial Assets: not |
Property, Plant and Equipment, Policy [Policy Text Block] | Premises and Equipment: three thirty-nine one |
Cash Surrender Value of Life Insurance [Policy Text Block] | Cash Surrender Value of Life Insurance: June 30, 2017, $19,728 $9,065. June 30, 2016, $14,106 $6,819. |
Long-term Assets [Policy Text Block] | Long-term Assets: may not |
Repurchase and Resale Agreements Policy [Policy Text Block] | Repurchase Agreements: not |
Pension and Other Postretirement Plans, Policy [Policy Text Block] | Retirement Plans: 401 |
Income Tax, Policy [Policy Text Block] | Income Taxes: not not 50% |
Earnings Per Share, Policy [Policy Text Block] | Earnings per Common Share: |
Share-based Compensation, Option and Incentive Plans Policy [Policy Text Block] | Stock-Based Compensation: |
Comprehensive Income, Policy [Policy Text Block] | Comprehensive Income: |
Malpractice Loss Contingency, Policy [Policy Text Block] | Loss Contingencies: not |
Fair Value of Financial Instruments, Policy [Policy Text Block] | Fair Value of Financial Instruments: 12 |
Dividend Restrictions [Policy Text Block] | Dividend Restrictions: may |
Reclassification, Policy [Policy Text Block] | Reclassifications: June 30, 2016 June 30, 2017 no |
New Accounting Pronouncements, Policy [Policy Text Block] | Recently Issued Accounting Pronouncements Not In May 2014, 2014 09, Revenue from Contracts with Customers (Topic 606 606, December 15, 2017. 2014 09 not In June 2016, 2016 13, Financial Instruments—Credit Losses (Topic 326 326 2016 13 2016 13 December 15, 2019. December 15, 2018, In March 2017, 2017 08, Receivables-Nonrefundable Fees and Oher Costs : Premium Amortization on Purchased Callable Debt Securities 2017 08 not |
Note 1 - Summary of Significa25
Note 1 - Summary of Significant Accounting Policies (Tables) | 12 Months Ended |
Jun. 30, 2017 | |
Notes Tables | |
Schedule of Cash Flow, Supplemental Disclosures [Table Text Block] | Year Ended June 30, 2017 2016 Cash paid for interest $ 1,108 $ 903 Cash paid for Federal income taxes 300 725 Non-cash transactions: Transfer from loans to repossessed assets 113 38 Transfer from loans held for sale to portfolio 342 — Expired and forfeited dividend reinvestment plan shares associated with restricted stock awards that were retired to treasury stock 4 6 |
Note 2 - Securities (Tables)
Note 2 - Securities (Tables) | 12 Months Ended |
Jun. 30, 2017 | |
Notes Tables | |
Marketable Securities [Table Text Block] | Available-for-sale Amortized Gross Gains Gross Losses Fair June 30, 2017 Obligations of U.S. government-sponsored entities and agencies $ 12,571 $ 90 $ (74 ) $ 12,587 Obligations of state and political subdivisions 56,824 890 (254 ) 57,460 U.S. Government-sponsored mortgage-backed securities - residential 64,092 184 (438 ) 63,838 U.S. Government-sponsored mortgage-backed securities - commercial 1,459 — (1 ) 1,458 U.S. Government-sponsored collateralized mortgage obligations - residential 6,310 1 (100 ) 6,211 Pooled trust preferred security 155 377 — 532 Total available-for-sale securities $ 141,411 $ 1,542 $ (867 ) $ 142,086 Held-to-maturity Amortized Gross Gains Gross Losses Fair June 30, 2017 Obligations of state and political subdivisions $ 4,259 $ 73 $ (3 ) $ 4,329 Total held-to-maturity securities $ 4,259 $ 73 $ (3 ) $ 4,329 Available-for-sale Amortized Gross Gains Gross Losses Fair June 30, 2016 Obligations of U.S. government-sponsored entities and agencies $ 9,682 $ 362 $ — $ 10,044 Obligations of state and political subdivisions 53,952 2,010 (8 ) 55,954 U.S. Government-sponsored mortgage-backed securities - residential 58,702 920 (26 ) 59,596 U.S. Government-sponsored mortgage-backed securities - commercial 1,485 41 — 1,526 U.S. Government-sponsored collateralized mortgage obligations - residential 5,774 49 (3 ) 5,820 Pooled trust preferred security 153 276 — 429 Total available-for-sale securities $ 129,748 $ 3,658 $ (37 ) $ 133,369 Held-to-maturity Amortized Gross Gains Gross Losses Fair June 30, 2016 Obligations of state and political subdivisions $ 3,494 $ 125 $ — $ 3,619 Total held-to-maturity securities $ 3,494 $ 125 $ — $ 3,619 |
Schedule of Realized Gain (Loss) [Table Text Block] | 2017 2016 Proceeds from sales and calls $ 14,255 $ 10,596 Gross realized gains 213 202 Gross realized losses 4 — |
Investments Classified by Contractual Maturity Date [Table Text Block] | Available-for-sale Amortized Cost Fair Value Due in one year or less $ 1,552 $ 1,555 Due after one year through five years 17,428 17,727 Due after five years through ten years 28,024 28,367 Due after ten years 22,391 22,398 Total 69,395 70,047 U.S. Government-sponsored mortgage-backed and related securities 71,861 71,507 Pooled trust preferred security 155 532 Total $ 141,411 $ 142,086 Held-to-maturity Amortized Cost Fair Value Due after five years through ten years $ 601 $ 620 Due after ten years 3,658 3,709 Total $ 4,259 $ 4,329 |
Schedule of Unrealized Loss on Investments [Table Text Block] | Less than 12 Months 12 Months or more Total Available-for-sale Fair Unrealized Fair Unrealized Fair Unrealized June 30, 2017 Obligations of US government-sponsored entities and agencies $ 4,336 $ (74 ) $ — $ — $ 4,336 $ (74 ) Obligations of states and political subdivisions 13,881 (241 ) 834 (13 ) 14,715 (254 ) Mortgage-backed securities - residential 42,071 (391 ) 2,805 (47 ) 44,876 (438 ) Mortgage-backed securities - commercial 1,458 (1 ) — — 1,458 (1 ) Collateralized mortgage obligations - residential 5,417 (88 ) 654 (12 ) 6,071 (100 ) Total available-for-sale $ 67,163 $ (795 ) $ 4,293 $ (72 ) $ 71,456 $ (867 ) Less than 12 Months 12 Months or more Total Held-to-Maturity Fair Unrealized Fair Unrealized Fair Unrealized June 30, 2017 Obligations of states and political subdivisions $ 933 $ (3 ) $ — $ — $ 933 $ (3 ) Less than 12 Months 12 Months or more Total Available-for-sale Fair Unrealized Fair Unrealized Fair Unrealized June 30, 2016 Obligations of states and political subdivisions $ 572 $ (6 ) $ 641 $ (2 ) $ 1,213 $ (8 ) Mortgage-backed securities - residential 4,899 (12 ) 4,836 (14 ) 9,735 (26 ) Collateralized mortgage obligations - residential — — 1,212 (3 ) 1,212 (3 ) Total available-for-sale $ 5,471 $ (18 ) $ 6,689 $ (19 ) $ 12,160 $ (37 ) |
Note 3 - Loans (Tables)
Note 3 - Loans (Tables) | 12 Months Ended |
Jun. 30, 2017 | |
Notes Tables | |
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] | 2017 2016 Commercial $ 46,380 $ 43,207 Commercial real estate: Construction 5,604 7,783 Other 158,225 153,097 1 – 4 Family residential real estate: Owner occupied 41,411 31,012 Non-owner occupied 14,415 14,471 Construction 1,988 1,256 Consumer 5,138 5,812 Subtotal 273,161 256,638 Less: Deferred loan fees and costs (294 ) (360 ) Allowance for loan losses (3,086 ) (3,566 ) Net loans $ 269,781 $ 252,712 |
Allowance for Credit Losses on Financing Receivables [Table Text Block] | 1-4 Family Commercial Residential Real Real Commercial Estate Estate Consumer Total Allowance for loan losses: Beginning balance $ 505 $ 2,518 $ 402 $ 141 $ 3,566 Provision for loan losses 18 581 77 (80 ) 596 Loans charged-off (6 ) (1,061 ) (44 ) (37 ) (1,148 ) Recoveries 1 — 38 33 72 Total ending allowance balance $ 518 $ 2,038 $ 473 $ 57 $ 3,086 1-4 Family Commercial Residential Real Real Commercial Estate Estate Consumer Total Allowance for loan losses: Beginning balance $ 316 $ 1,660 $ 289 $ 167 $ 2,432 Provision for loan losses 189 862 414 33 1,498 Loans charged-off — (4 ) (311 ) (80 ) (395 ) Recoveries — — 10 21 31 Total ending allowance balance $ 505 $ 2,518 $ 402 $ 141 $ 3,566 1-4 Family Commercial Residential Real Real Commercial Estate Estate Consumer Total Allowance for loan losses: Ending allowance balance attributable to loans: Individually evaluated for impairment $ — $ 42 $ 2 $ — $ 44 Collectively evaluated for impairment 518 1,996 471 57 3,042 Total ending allowance balance $ 518 $ 2,038 $ 473 $ 57 $ 3,086 Recorded investment in loans: Loans individually evaluated for impairment $ 444 $ 1,587 $ 203 $ — $ 2,234 Loans collectively evaluated for impairment 45,993 162,176 57,901 5,144 271,214 Total ending loans balance $ 46,437 $ 163,763 $ 58,104 $ 5,144 $ 273,448 1-4 Family Commercial Residential Real Real Commercial Estate Estate Consumer Total Allowance for loan losses: Ending allowance balance attributable to loans: Individually evaluated for impairment $ — $ 868 $ 6 $ — $ 874 Collectively evaluated for impairment 505 1,650 396 141 2,692 Total ending allowance balance $ 505 $ 2,518 $ 402 $ 141 $ 3,566 Recorded investment in loans: Loans individually evaluated for impairment $ 1,029 $ 5,105 $ 758 $ — $ 6,892 Loans collectively evaluated for impairment 42,219 155,734 46,166 5,816 249,935 Total ending loans balance $ 43,248 $ 160,839 $ 46,924 $ 5,816 $ 256,827 |
Impaired Financing Receivables [Table Text Block] | Unpaid Allowance for Average Interest Cash Basis Principal Recorded Loan Losses Recorded Income Interest Balance Investment Allocated Investment Recognized Recognized With no related allowance recorded: Commercial $ 482 $ 444 $ — $ 207 $ 80 $ 80 Commercial real estate: Construction — — — 87 6 6 Other 1,928 1,039 — 951 105 105 1-4 Family residential real estate: Owner occupied 104 103 — 119 — — Non-owner occupied — — — 183 — — With an allowance recorded: Commercial real estate: Other 548 548 42 1,884 21 21 1-4 Family residential real estate: Owner occupied 99 100 2 120 6 6 Total $ 3,161 $ 2,234 $ 44 $ 3,551 $ 218 $ 218 Unpaid Allowance for Average Interest Cash Basis Principal Recorded Loan Losses Recorded Income Interest Balance Investment Allocated Investment Recognized Recognized With no related allowance recorded: Commercial $ 1,033 $ 1,029 $ — $ 95 $ — $ — Commercial real estate: Construction 386 384 — 52 — — Other 2,121 2,106 — 2,344 — — 1-4 Family residential real estate: Owner occupied 175 174 — 357 2 2 Non-owner occupied 722 407 — 435 — — With an allowance recorded: Commercial real estate: Other 2,802 2,615 868 1,103 8 8 1-4 Family residential real estate: Owner occupied 177 177 6 149 — — Non-owner occupied — — — 115 — — Total $ 7,416 $ 6,892 $ 874 $ 4,650 $ 10 $ 10 |
Past Due Financing Receivables [Table Text Block] | June 30, 2017 June 30, 2016 Loans Past Due Loans Past Due Over 90 Days Over 90 Days Still Still Non-accrual Accruing Non-accrual Accruing Commercial $ 368 $ — $ 1,009 $ — Commercial real estate: Construction — — 384 — Other 729 — 4,000 — 1 – 4 Family residential: Owner occupied 90 — 234 — Non-owner occupied — — 407 — Consumer — — — — Total $ 1,187 $ — $ 6,034 $ — Days Past Due 30 - 59 60 - 89 90 Days or Total Loans Not Days Days Greater Past Due Past Due Total Commercial $ — $ — $ 35 $ 35 $ 46,402 $ 46,437 Commercial real estate: Construction — — — — 5,596 5,596 Other — — 130 130 158,037 158,167 1-4 Family residential: Owner occupied 13 — 74 87 41,605 41,692 Non-owner occupied — — — — 14,416 14,416 Construction — — — — 1,996 1,996 Consumer 22 — — 22 5,122 5,144 Total $ 35 $ — $ 239 $ 274 $ 273,174 $ 273,448 Days Past Due 30 - 59 60 - 89 90 Days or Total Loans Not Days Days Greater Past Due Past Due Total Commercial $ 123 $ — $ — $ 123 $ 43,125 $ 43,248 Commercial real estate: Construction — — — — 7,764 7,764 Other 59 — 2,110 2,169 150,906 153,075 1-4 Family residential: Owner occupied 15 — 218 233 30,947 31,180 Non-owner occupied — — 196 196 14,278 14,474 Construction — — — — 1,270 1,270 Consumer 7 — — 7 5,809 5,816 Total $ 204 $ — $ 2,524 $ 2,728 $ 254,099 $ 256,827 |
Troubled Debt Restructurings on Financing Receivables [Table Text Block] | Pre-Modification Post-Modification Number of Outstanding Recorded Outstanding Recorded Loans Investment Investment Commercial 2 $ 518 $ 518 Commercial real estate: Other 1 512 512 Total 3 $ 1,030 $ 1,030 Pre-Modification Post-Modification Number of Outstanding Recorded Outstanding Recorded Loans Investment Investment Commercial 3 $ 1,058 $ 1,029 Commercial real estate: Other 3 1,294 1,487 Total 6 $ 2,352 $ 2,516 |
Financing Receivable Credit Quality Indicators [Table Text Block] | Special Not Pass Mention Substandard Doubtful Rated Commercial $ 44,435 $ 907 $ 642 $ — $ 453 Commercial real estate: Construction 4,514 1,035 — 4 43 Other 150,460 5,110 1,566 470 561 1-4 Family residential real estate: Owner occupied 2,668 — 11 30 38,983 Non-owner occupied 13,633 210 261 187 125 Construction 1,223 — — — 773 Consumer 145 — — — 4,999 Total $ 217,078 $ 7,262 $ 2,480 $ 691 $ 45,937 Special Not Pass Mention Substandard Doubtful Rated Commercial $ 35,243 $ 6,190 $ 1,162 $ — $ 653 Commercial real estate: Construction 7,305 — 384 — 75 Other 144,101 2,482 4,026 2,150 316 1-4 Family residential real estate: Owner occupied 3,506 72 349 47 27,206 Non-owner occupied 12,999 406 486 196 387 Construction 235 — — — 1,035 Consumer 210 — 6 — 5,600 Total $ 203,599 $ 9,150 $ 6,413 $ 2,393 $ 35,272 |
Loans and Leases Receivable, Related Parties Disclosure [Table Text Block] | Principal balance, July 1 $ 4,724 New loans 1,620 Effect of changes in composition of related parties 3,565 Repayments (422 ) Principal balance, June 30 $ 9,487 |
Note 4 - Premised and Equipme28
Note 4 - Premised and Equipment (Tables) | 12 Months Ended |
Jun. 30, 2017 | |
Notes Tables | |
Property, Plant and Equipment [Table Text Block] | 2017 2016 Land $ 1,469 $ 1,469 Land improvements 340 317 Building and leasehold improvements 12,180 11,978 Furniture, fixture and equipment 5,023 4,694 Total premises and equipment 19,012 18,458 Accumulated depreciation and amortization (5,614 ) (4,873 ) Premises and equipment, net $ 13,398 $ 13,585 |
Lessee, Operating Lease, Disclosure [Table Text Block] | Twelve Months Ending June 30 2018 $ 97 2019 50 2020 50 2021 25 Total $ 222 |
Note 5 - Deposits (Tables)
Note 5 - Deposits (Tables) | 12 Months Ended |
Jun. 30, 2017 | |
Notes Tables | |
Schedule of Time Deposit Maturities [Table Text Block] | Twelve Months Ending June 30 2018 $ 34,935 2019 17,962 2020 5,948 2021 3,789 2022 3,172 Thereafter 705 $ 66,511 |
Note 6 - Short-term Borrowings
Note 6 - Short-term Borrowings (Tables) | 12 Months Ended |
Jun. 30, 2017 | |
Notes Tables | |
Schedule of Short-term Debt [Table Text Block] | 2017 2016 Balance at June 30 $ 23,986 $ 19,129 Average balance during the year 21,053 21,196 Maximum month-end balance 28,073 25,759 Average interest rate during the year 0.43 % 0.18 % Weighted average rate, June 30 0.82 % 0.20 % |
Schedule of Repurchase Agreements [Table Text Block] | Overnight and Continuous 2017 2016 U.S. government-sponsored entities and agencies pledged $ 2,015 $ 2,066 Residential mortgage-backed securities pledged 20,923 16,864 Collateralized mortgage obligations pledged 2,355 1,510 Total pledged $ 25,293 $ 20,440 Repurchase agreements $ 23,986 $ 19,129 |
Note 7 - Federal Home Loan Ba31
Note 7 - Federal Home Loan Bank Advances (Tables) | 12 Months Ended |
Jun. 30, 2017 | |
Notes Tables | |
Schedule of Federal Home Loan Bank, Advances, by Branch of FHLB Bank [Table Text Block] | June 30, 2017 June 30, 2016 Stated Interest Rate Range Weighted Average Weighted Average Advance Type From To Amount Rate Amount Rate Fixed-rate, amortizing 4.30 % 4.30 % $ 120 4.30 % $ 181 4.30 % Fixed-rate 0.43 3.24 12,200 1.47 17,100 1.45 |
Schedule of Principal Payments [Table Text Block] | Twelve Months Ending June 30 Principal 2018 $ 570 2019 2,050 2020 1,500 2021 1,500 2022 1,700 Thereafter 5,000 Total $ 12,320 |
Note 8 - Employee Benefit Pla32
Note 8 - Employee Benefit Plans (Tables) | 12 Months Ended |
Jun. 30, 2017 | |
Notes Tables | |
Schedule of Share-based Compensation, Restricted Stock Units Award Activity [Table Text Block] | Restricted Stock Awards Weighted-Average Grant Date Fair Value Per Share Outstanding at June 30, 2016 3,564 $ 15.33 Expired (2,135 ) 15.05 Non-vested at June 30, 2017 1,429 15.75 |
Note 9 - Income Taxes (Tables)
Note 9 - Income Taxes (Tables) | 12 Months Ended |
Jun. 30, 2017 | |
Notes Tables | |
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block] | 2017 2016 Current income taxes $ 513 $ 421 Deferred income tax expense (benefit) 128 (142 ) $ 641 $ 279 |
Schedule of Deferred Tax Assets and Liabilities [Table Text Block] | 2017 2016 Deferred tax assets: Allowance for loan losses $ 919 $ 1,082 Deferred compensation 771 721 Recognized loss on impairment of security 265 265 AMT credit carryforward 220 143 Deferred income 119 140 Other real estate owned deferred gain 12 13 Other real estate owned write down 10 — Non-accrual loan interest income 58 72 Gross deferred tax asset 2,374 2,436 Deferred tax liabilities: Depreciation (788 ) (761 ) Loan fees (320 ) (279 ) Prepaid expenses (89 ) (91 ) FHLB stock dividends (166 ) (166 ) Net unrealized securities gain (229 ) (1,231 ) Gross deferred tax liabilities (1,592 ) (2,528 ) Net deferred asset (liability) $ 782 $ (92 ) |
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] | 2017 2016 Income taxes computed at the statutory rate on pretax income $ 1,236 $ 825 Tax exempt income (498 ) (491 ) Cash surrender value income (83 ) (65 ) Tax credit (25 ) — Other 11 10 $ 641 $ 279 |
Note 10 - Regulatory Matters (T
Note 10 - Regulatory Matters (Tables) | 12 Months Ended |
Jun. 30, 2017 | |
Notes Tables | |
Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations [Table Text Block] | Actual Minimum Capital Required For Capital Adequacy Purposes Minimum Required To Be Considered Well Capitalized Amount Ratio Amount Ratio Amount Ratio June 30, 2017 Common equity Tier 1 to risk-weighted assets Bank $ 41.4 13.21 % $ 18.0 4.50 % $ 20.4 6.50 % Tier 1 capital to risk weighted assets Bank 41.4 13.21 22.7 6.00 25.1 8.00 Total Capital to risk weighted assets Bank 44.5 14.20 29.0 8.00 31.4 10.00 Tier 1 capital to average assets Bank 41.4 9.06 18.3 4.00 22.9 5.00 Actual Minimum Capital Required - Basel III Minimum Required To Be Considered Well Capitalized Amount Ratio Amount Ratio Amount Ratio June 30, 2016 Common equity Tier 1 to risk-weighted assets Bank $ 39.4 13.37 % $ 15.1 4.50 % $ 19.1 6.50 % Tier 1 capital to risk weighted assets Bank 39.4 13.37 19.5 6.00 23.6 8.00 Total Capital to risk weighted assets Bank 42.9 14.58 25.4 8.00 29.4 10.00 Tier 1 capital to average assets Bank 39.4 9.25 17.0 4.00 21.3 5.00 |
Note 12 - Fair Value (Tables)
Note 12 - Fair Value (Tables) | 12 Months Ended |
Jun. 30, 2017 | |
Notes Tables | |
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block] | Fair Value Measurements at June 30, 2017 Using Balance at June 30, 2017 Level 1 Level 2 Level 3 Assets: Securities available-for-sale: Obligations of government-sponsored entities $ 12,587 $ — $ 12,587 $ — Obligations of states and political subdivisions 57,460 — 57,460 — Mortgage-backed securities - residential 63,838 — 63,838 — Mortgage-backed securities - commercial 1,458 — 1,458 — Collateralized mortgage obligations 6,211 — 6,211 — Pooled trust preferred security 532 — 532 — Fair Value Measurements at June 30, 2016 Using Balance at June 30, 2016 Level 1 Level 2 Level 3 Securities available-for-sale: Obligations of government-sponsored entities $ 10,044 $ — $ 10,044 $ — Obligations of states and political subdivisions 55,954 — 55,954 — Mortgage-backed securities - residential 59,596 — 59,596 — Mortgage-backed securities - commercial 1,526 — 1,526 — Collateralized mortgage obligations 5,820 — 5,820 — Pooled trust preferred security 429 — 429 — |
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis, Valuation Techniques [Table Text Block] | Fair Value Measurements at June 30, 2017 Using Balance at June 30, 2017 Level 1 Level 2 Level 3 Impaired loans: Commercial Real Estate - Other $ 130 $ — $ — $ 130 Other Real Estate Owned: 1-4 Family residential real estate 71 $ — $ — 71 Fair Value Measurements at June 30, 2016 Using Balance at June 30, 2016 Level 1 Level 2 Level 3 Impaired loans: Commercial Real Estate - Other $ 1,206 $ — $ — $ 1,206 1-4 Family residential real estate – Non-owner occupied 197 — — 197 |
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Table Text Block] | Fair Value Valuation Technique Unobservable Inputs Range Weighted Average Impaired loans: Commercial Real Estate – Other $ 130 Bid Indication N/A 0.0 % 0.0 % Other Real Estate Owned: 1-4 Family residential real estate $ 71 Bid Indication N/A 0.0 % 0.0 % Fair Value Valuation Technique Unobservable Inputs Range Weighted Average Impaired loans: Commercial Real Estate – Other $ 459 Settlement Contract N/A 0.0 % 0.0 % Commercial Real Estate – Other $ 127 Bid Indications N/A 0.0 % 0.0 % Commercial Real Estate – Other $ 620 Bid Indications N/A 0.0 % 0.0 % 1-4 Family residential real estate – Non-owner occupied $ 197 Bid Indications N/A 0.0 % 0.0 % |
Fair Value, by Balance Sheet Grouping [Table Text Block] | 2017 2016 Carrying Estimated Carrying Estimated Financial Assets: Level 1 inputs: Cash and cash equivalents $ 9,912 $ 9,912 $ 10,181 $ 10,181 Level 2 inputs: Certificates of deposits in other financial institutions 3,921 3,927 5,906 5,906 Loans held for sale 1,252 1,286 1,048 1,067 Accrued interest receivable 1,212 1,212 1,077 1,077 Level 3 inputs: Securities held-to-maturity 4,259 4,329 3,494 3,619 Loans, net 269,781 266,041 252,712 253,155 Financial Liabilities: Level 2 inputs: Demand and savings deposits 307,960 307,960 281,640 281,640 Time deposits 66,511 66,535 65,008 65,111 Short-term borrowings 23,986 23,986 19,129 19,129 Federal Home Loan Bank advances 12,320 12,054 17,281 17,486 Accrued interest payable 40 40 40 40 |
Note 13 - Parent Company Fina36
Note 13 - Parent Company Financial Statements (Tables) | 12 Months Ended |
Jun. 30, 2017 | |
Notes Tables | |
Condensed Balance Sheet [Table Text Block] | June 30, June 30, Condensed Balance Sheets Assets Cash $ 36 $ 46 Securities, available-for-sale 1,651 2,050 Other assets 61 50 Investment in subsidiary 41,843 41,708 Total assets $ 43,591 $ 43,854 Liabilities Other liabilities $ 56 $ 61 Shareholders’ equity 43,535 43,793 Total liabilities & shareholders’ equity $ 43,591 $ 43,854 |
Condensed Income Statement [Table Text Block] | Year Ended Year Ended Condensed Statements of Income and Comprehensive Income Cash dividends from Bank subsidiary $ 1,065 $ 1,425 Other income 51 46 Other expense 213 206 Income before income taxes and equity in undistributed net income of subsidiary 903 1,265 Income tax benefit (53 ) (50 ) Income before equity in undistributed net income of Bank subsidiary 956 1,315 Equity in undistributed net income of subsidiary 2,038 832 Net income $ 2,994 $ 2,147 Comprehensive income $ 1,050 $ 3,637 |
Condensed Cash Flow Statement [Table Text Block] | Condensed Statements of Cash Flows Year Ended Year Ended Cash flows from operating activities Net income $ 2,994 $ 2,147 Equity in undistributed net income of Bank subsidiary (2,038 ) (832 ) Securities amortization and accretion, net (10 ) (11 ) Gain on sale of securities (11 ) — Change in other assets and liabilities 6 (2 ) Net cash flows from operating activities 941 1,302 Cash flows from investing activities Proceeds from the sale of available-for-sale securities 357 — Net cash flows from investing activities 357 — Cash flows from financing activities Dividend paid (1,308 ) (1,310 ) Net cash flows from financing activities (1,308 ) (1,310 ) Change in cash and cash equivalents (10 ) (8 ) Beginning cash and cash equivalents 46 54 Ending cash and cash equivalents $ 36 $ 46 |
Note 14 - Earnings Per Share (T
Note 14 - Earnings Per Share (Tables) | 12 Months Ended |
Jun. 30, 2017 | |
Notes Tables | |
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | For the year Ended June 30, 201 7 2016 Basic: Net income available to common shareholders $ 2,994 $ 2,147 Weighted average common shares outstanding 2,724,293 2,725,276 Basic income per share $ 1.10 $ 0.79 Diluted: Net income available to common shareholders $ 2,994 $ 2,147 Weighted average common shares outstanding 2,724,293 2,725,276 Dilutive effect of restricted stock 32 103 Total common shares and dilutive potential common shares 2,724,325 2,725,379 Dilutive income per share $ 1.10 $ 0.79 |
Note 15 - Accumulated Other C38
Note 15 - Accumulated Other Comprehensive Income (Loss) (Tables) | 12 Months Ended |
Jun. 30, 2017 | |
Notes Tables | |
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block] | Pretax Tax Effect After-tax Affected Line Item in Consolidated Statements of Income Balance as of June 30, 2015 $ 1,363 $ (464 ) $ 899 Unrealized holding loss on available-for-sale securities arising during the period 2,460 (837 ) 1,623 Amounts reclassified from accumulated other comprehensive income (202 ) 69 (133 ) (a)(b) Net current period other comprehensive gain 2,258 (768 ) 1,490 Balance as of June 30, 2016 3,621 (1,232 ) 2,389 Unrealized holding gain on available-for-sale securities arising during the period (2,737 ) 931 (1,806 ) Amounts reclassified from accumulated other comprehensive income (209 ) 71 (138 ) (a)(b) Net current period other comprehensive loss (2,946 ) 1,002 (1,944 ) Balance as of June 30, 201 7 $ 675 $ (230 ) $ 445 |
Note 1 - Summary of Significa39
Note 1 - Summary of Significant Accounting Policies (Details Textual) $ in Thousands | 12 Months Ended | |
Jun. 30, 2017USD ($) | Jun. 30, 2016USD ($) | |
Number of Reportable Segments | 1 | |
Cash Reserve Deposit Required and Made Federal Reserve Banks | $ 304 | $ 5,652 |
Bank Owned Life Insurance | 19,728 | 14,106 |
Cash Surrender Value of Life Insurance | $ 9,065 | $ 6,819 |
Software and Software Development Costs [Member] | ||
Property, Plant and Equipment, Useful Life | 3 years | |
Building [Member] | ||
Property, Plant and Equipment, Useful Life | 39 years 182 days |
Note 1 - Summary of Significa40
Note 1 - Summary of Significant Accounting Policies - Additional Cash Flow Information (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Jun. 30, 2017 | Jun. 30, 2016 | |
Cash paid for interest | $ 1,108 | $ 903 |
Cash paid for Federal income taxes | 300 | 725 |
Transfer from loans to repossessed assets | 113 | 38 |
Transfer from loans held for sale to portfolio | 342 | |
Expired and forfeited dividend reinvestment plan shares associated with restricted stock awards that were retired to treasury stock | $ 4 | $ 6 |
Note 2 - Securities (Details Te
Note 2 - Securities (Details Textual) $ in Thousands | 12 Months Ended | |
Jun. 30, 2017USD ($) | Jun. 30, 2016USD ($) | |
Available-for-sale Securities Income Tax Provision on Gross Realized Gains | $ 71 | $ 69 |
Available-for-sale Securities Pledged as Collateral | $ 55,932 | 55,140 |
Available-for-sale, Qualitative Disclosure, Number of Positions | 252 | |
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions | 100 | |
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions, Greater than or Equal to One Year | 7 | |
Other than Temporary Impairment Losses, Investments, Available-for-sale Securities | $ 0 | $ 0 |
Note 2 - Securities - Amortized
Note 2 - Securities - Amortized Cost and Fair Value of Securities Available-for-sale and Securities Held-to-maturity (Details) - USD ($) $ in Thousands | Jun. 30, 2017 | Jun. 30, 2016 |
Available-for-sale securities, gross unrealized gains | $ 1,542 | $ 3,658 |
Available-for-sale securities, gross unrealized losses | (867) | (37) |
Available-for-sale securities, fair value | 142,086 | 133,369 |
Held-to-maturity, amortized cost | 4,259 | 3,494 |
Held-to-maturity, gross unrecognized gains | 73 | 125 |
Held-to-maturity, gross unrecognized losses | (3) | |
Held-to-maturity, fair value | 4,329 | 3,619 |
Available-for-sale securities, amortized cost | 141,411 | 129,748 |
US Government-sponsored Enterprises Debt Securities [Member] | ||
Available-for-sale securities, gross unrealized gains | 90 | 362 |
Available-for-sale securities, gross unrealized losses | (74) | |
Available-for-sale securities, fair value | 12,587 | 10,044 |
Available-for-sale securities, amortized cost | 12,571 | 9,682 |
US States and Political Subdivisions Debt Securities [Member] | ||
Available-for-sale securities, gross unrealized gains | 890 | 2,010 |
Available-for-sale securities, gross unrealized losses | (254) | (8) |
Available-for-sale securities, fair value | 57,460 | 55,954 |
Held-to-maturity, amortized cost | 4,259 | 3,494 |
Held-to-maturity, gross unrecognized gains | 73 | 125 |
Held-to-maturity, gross unrecognized losses | (3) | |
Held-to-maturity, fair value | 4,329 | 3,619 |
Available-for-sale securities, amortized cost | 56,824 | 53,952 |
Residential Mortgage Backed Securities [Member] | ||
Available-for-sale securities, gross unrealized gains | 184 | 920 |
Available-for-sale securities, gross unrealized losses | (438) | (26) |
Available-for-sale securities, fair value | 63,838 | 59,596 |
Available-for-sale securities, amortized cost | 64,092 | 58,702 |
Commercial Mortgage Backed Securities [Member] | ||
Available-for-sale securities, gross unrealized gains | 41 | |
Available-for-sale securities, gross unrealized losses | (1) | |
Available-for-sale securities, fair value | 1,458 | 1,526 |
Available-for-sale securities, amortized cost | 1,459 | 1,485 |
Collateralized Debt Obligations [Member] | ||
Available-for-sale securities, gross unrealized gains | 1 | 49 |
Available-for-sale securities, gross unrealized losses | (100) | (3) |
Available-for-sale securities, fair value | 6,211 | 5,820 |
Available-for-sale securities, amortized cost | 6,310 | 5,774 |
Pooled Trust Preferred Securities Subject to Mandatory Redemption [Member] | ||
Available-for-sale securities, gross unrealized gains | 377 | 276 |
Available-for-sale securities, gross unrealized losses | ||
Available-for-sale securities, fair value | 532 | 429 |
Available-for-sale securities, amortized cost | $ 155 | $ 153 |
Note 2 - Securities - Proceeds
Note 2 - Securities - Proceeds from Sales and Calls of Available-for-sale Securities (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Jun. 30, 2017 | Jun. 30, 2016 | |
Proceeds from sales and calls | $ 7,342 | $ 10,596 |
Gross realized gains | 213 | 202 |
Gross realized losses | $ 4 |
Note 2 - Securities - Amortiz44
Note 2 - Securities - Amortized Cost and Fair Values of Debt Securities by Contractual Maturity (Details) - USD ($) $ in Thousands | Jun. 30, 2017 | Jun. 30, 2016 |
Available-for-sale Securities, Debt Maturities, Next Twelve Months, Amortized Cost Basis | $ 1,552 | |
Available-for-sale Securities, Debt Maturities, Next Twelve Months, Fair Value | 1,555 | |
Available-for-sale Securities, Debt Maturities, Year Two Through Five, Amortized Cost Basis | 17,428 | |
Available-for-sale Securities, Debt Maturities, Year Two Through Five, Fair Value | 17,727 | |
Available-for-sale Securities, Debt Maturities, Year Six Through Ten, Amortized Cost Basis | 28,024 | |
Available-for-sale Securities, Debt Maturities, Year Six Through Ten, Fair Value | 28,367 | |
Available-for-sale Securities, Debt Maturities, after Ten Years, Amortized Cost Basis | 22,391 | |
Available-for-sale Securities, Debt Maturities, after Ten Years, Fair Value | 22,398 | |
Available-for-sale Securities, Debt Maturities, Single Maturity Date, Amortized Cost Basis | 69,395 | |
Available-for-sale Securities, Debt Maturities, Single Maturity Date | 70,047 | |
Available-for-sale Debt Securities, Amortized Cost Basis | 141,411 | $ 129,748 |
Securities, available-for-sale | 142,086 | 133,369 |
Held-to-maturity Securities, Debt Maturities, after Five Through Ten Years, Net Carrying Amount | 601 | |
Held-to-maturity Securities, Debt Maturities, Year Six Through Ten, Fair Value | 620 | |
Held-to-maturity Securities, Debt Maturities, after Ten Years, Net Carrying Amount | 3,658 | |
Held-to-maturity Securities, Debt Maturities, after Ten Years, Fair Value | 3,709 | |
Held-to-maturity Securities | 4,259 | 3,494 |
Held-to-maturity Securities, Fair Value | 4,329 | 3,619 |
U.S. Government-sponsored Mortgage-backed and Related Securities [Member] | ||
Available-for-sale Securities, Debt Maturities, without Single Maturity Date, Amortized Cost Basis | 71,861 | |
Available-for-sale Securities, Debt Maturities, without Single Maturity Date, Fair Value | 71,507 | |
Pooled Trust Preferred Securities Subject to Mandatory Redemption [Member] | ||
Available-for-sale Securities, Debt Maturities, without Single Maturity Date, Amortized Cost Basis | 155 | |
Available-for-sale Securities, Debt Maturities, without Single Maturity Date, Fair Value | 532 | |
Available-for-sale Debt Securities, Amortized Cost Basis | 155 | 153 |
Securities, available-for-sale | $ 532 | $ 429 |
Note 2 - Securities - Securitie
Note 2 - Securities - Securities with Unrealized and Unrecognized Losses (Details) - USD ($) $ in Thousands | Jun. 30, 2017 | Jun. 30, 2016 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value | $ 71,456 | $ 12,160 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss | (867) | (37) |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value | 67,163 | 5,471 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Loss | (795) | (18) |
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value | 4,293 | 6,689 |
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Loss | (72) | (19) |
US Government-sponsored Enterprises Debt Securities [Member] | ||
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value | 4,336 | |
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss | (74) | |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value | 4,336 | |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Loss | (74) | |
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value | ||
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Loss | ||
US States and Political Subdivisions Debt Securities [Member] | ||
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value | 14,715 | 1,213 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss | (254) | (8) |
Held-to-maturity Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value | 933 | |
Held-to-maturity Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Unrealized Loss | (3) | |
Held-to-maturity Securities, Continuous Unrealized Loss Position, More than Twelve Months, Fair Value | ||
Held-to-maturity Securities, Continuous Unrealized Loss Position, More than Twelve Months, Unrealized Loss | ||
Held-to-maturity Securities, Continuous Unrealized Loss Position, Fair Value | 933 | |
Held-to-maturity Securities, Continuous Unrealized Loss Position, Unrealized Loss | (3) | |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value | 13,881 | 572 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Loss | (241) | (6) |
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value | 834 | 641 |
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Loss | (13) | (2) |
Residential Mortgage Backed Securities [Member] | ||
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value | 44,876 | 9,735 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss | (438) | (26) |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value | 42,071 | 4,899 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Loss | (391) | (12) |
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value | 2,805 | 4,836 |
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Loss | (47) | (14) |
Collateralized Debt Obligations [Member] | ||
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value | 1,212 | |
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss | (3) | |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value | ||
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Loss | ||
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value | 1,212 | |
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Loss | $ (3) | |
Commercial Mortgage Backed Securities [Member] | ||
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value | 1,458 | |
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss | (1) | |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value | 1,458 | |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Loss | (1) | |
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value | ||
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Loss | ||
Collateralized Mortgage Obligations [Member] | ||
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value | 6,071 | |
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss | (100) | |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value | 5,417 | |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Loss | (88) | |
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value | 654 | |
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Loss | $ (12) |
Note 3 - Loans (Details Textual
Note 3 - Loans (Details Textual) xbrli-pure in Thousands, $ in Thousands | 12 Months Ended | |
Jun. 30, 2017USD ($) | Jun. 30, 2016USD ($) | |
Interest Receivable | $ 581 | $ 549 |
Financing Receivable, Recorded Investment, Nonaccrual Status | 1,187 | 6,034 |
Troubled Debt Restructuring, Debtor, Subsequent Periods, Contingent Payments, Amount | 33 | 43 |
Financing Receivable, Modifications, Recorded Investment | $ 1,740 | $ 3,529 |
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | 0 | 0 |
Loans and Leases Receivable, Impaired, Commitment to Lend | $ 175 | $ 207 |
Threshold Amount of Loans Outstanding to Perform Credit Analysis | 100 | |
Non-accrual Loans [Member] | ||
Financing Receivable, Recorded Investment, Nonaccrual Status | 948 | 3,510 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Nonaccrual Status | $ 239 | $ 2,524 |
Note 3 - Loans - Major Classifi
Note 3 - Loans - Major Classifications (Details) - USD ($) $ in Thousands | Jun. 30, 2017 | Jun. 30, 2016 | Jun. 30, 2015 |
Loans Receivable, Gross | $ 273,161 | $ 256,638 | |
Less: Deferred loan fees and costs | (294) | (360) | |
Allowance for loan losses | (3,086) | (3,566) | $ (2,432) |
Net loans | 269,781 | 252,712 | |
Commercial Portfolio Segment [Member] | |||
Loans Receivable, Gross | 46,380 | 43,207 | |
Allowance for loan losses | (518) | (505) | (316) |
Commercial Real Estate Portfolio Segment [Member] | |||
Allowance for loan losses | (2,038) | (2,518) | (1,660) |
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | |||
Loans Receivable, Gross | 5,604 | 7,783 | |
Commercial Real Estate Portfolio Segment [Member] | Other Commercial Real Estate Loans [Member] | |||
Loans Receivable, Gross | 158,225 | 153,097 | |
Residential Portfolio Segment [Member] | |||
Allowance for loan losses | (473) | (402) | (289) |
Residential Portfolio Segment [Member] | Construction Loans [Member] | |||
Loans Receivable, Gross | 1,988 | 1,256 | |
Residential Portfolio Segment [Member] | Residential Real Estate Owner Occupied Loans [Member] | |||
Loans Receivable, Gross | 41,411 | 31,012 | |
Residential Portfolio Segment [Member] | Residential Real Estate Non-owner Occupied Loans [Member] | |||
Loans Receivable, Gross | 14,415 | 14,471 | |
Consumer Portfolio Segment [Member] | |||
Loans Receivable, Gross | 5,138 | 5,812 | |
Allowance for loan losses | $ (57) | $ (141) | $ (167) |
Note 3 - Loans - Allowance for
Note 3 - Loans - Allowance for Loan Losses by Portfolio Segment (Details) - USD ($) $ in Thousands | 12 Months Ended | |||
Jun. 30, 2017 | Jun. 30, 2016 | Jun. 30, 2017 | Jun. 30, 2016 | |
Loans charged-off | $ (1,148) | $ (395) | ||
Recoveries | 72 | 31 | ||
Total ending allowance balance | 3,086 | 3,566 | ||
Beginning balance | 3,566 | 2,432 | ||
Provision for loan losses | 596 | 1,498 | ||
Total ending allowance balance | 3,086 | 3,566 | $ 3,086 | $ 3,566 |
Loans individually evaluated for impairment | 2,234 | 6,892 | ||
Loans collectively evaluated for impairment | 271,214 | 249,935 | ||
Total ending loans balance | 273,448 | 256,827 | ||
Individually evaluated for impairment | 44 | 874 | ||
Collectively evaluated for impairment | 3,042 | 2,692 | ||
Commercial Portfolio Segment [Member] | ||||
Loans charged-off | (6) | |||
Recoveries | 1 | |||
Total ending allowance balance | 518 | 505 | ||
Beginning balance | 505 | 316 | ||
Provision for loan losses | 18 | 189 | ||
Total ending allowance balance | 505 | 505 | 518 | 505 |
Loans individually evaluated for impairment | 444 | 1,029 | ||
Loans collectively evaluated for impairment | 45,993 | 42,219 | ||
Total ending loans balance | 46,437 | 43,248 | ||
Individually evaluated for impairment | ||||
Collectively evaluated for impairment | 518 | 505 | ||
Commercial Real Estate Portfolio Segment [Member] | ||||
Loans charged-off | (1,061) | (4) | ||
Recoveries | ||||
Total ending allowance balance | 2,038 | 2,518 | ||
Beginning balance | 2,518 | 1,660 | ||
Provision for loan losses | 581 | 862 | ||
Total ending allowance balance | 2,518 | 2,518 | 2,038 | 2,518 |
Loans individually evaluated for impairment | 1,587 | 5,105 | ||
Loans collectively evaluated for impairment | 162,176 | 155,734 | ||
Total ending loans balance | 163,763 | 160,839 | ||
Individually evaluated for impairment | 42 | 868 | ||
Collectively evaluated for impairment | 1,996 | 1,650 | ||
Residential Portfolio Segment [Member] | ||||
Loans charged-off | (44) | (311) | ||
Recoveries | 38 | 10 | ||
Total ending allowance balance | 473 | 402 | ||
Beginning balance | 402 | 289 | ||
Provision for loan losses | 77 | 414 | ||
Total ending allowance balance | 402 | 402 | 473 | 402 |
Loans individually evaluated for impairment | 203 | 758 | ||
Loans collectively evaluated for impairment | 57,901 | 46,166 | ||
Total ending loans balance | 58,104 | 46,924 | ||
Individually evaluated for impairment | 2 | 6 | ||
Collectively evaluated for impairment | 471 | 396 | ||
Consumer Portfolio Segment [Member] | ||||
Loans charged-off | (37) | (80) | ||
Recoveries | 33 | 21 | ||
Total ending allowance balance | 57 | 141 | ||
Beginning balance | 141 | 167 | ||
Provision for loan losses | (80) | 33 | ||
Total ending allowance balance | $ 141 | $ 141 | 57 | 141 |
Loans individually evaluated for impairment | ||||
Loans collectively evaluated for impairment | 5,144 | 5,816 | ||
Total ending loans balance | 5,144 | 5,816 | ||
Individually evaluated for impairment | ||||
Collectively evaluated for impairment | $ 57 | $ 141 |
Note 3 - Loans - Impaired Loans
Note 3 - Loans - Impaired Loans (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Jun. 30, 2017 | Jun. 30, 2016 | |
Impaired Financing Receivable, Unpaid Principal Balance | $ 3,161 | $ 7,416 |
Impaired Financing Receivable, Recorded Investment | 2,234 | 6,892 |
Impaired Financing Receivable, Related Allowance | 44 | 874 |
Impaired Financing Receivable, Average Recorded Investment | 3,551 | 4,650 |
Impaired Financing Receivable, Interest Income, Accrual Method | 218 | 10 |
Impaired Financing Receivable, Interest Income, Cash Basis Method | 218 | 10 |
Commercial Portfolio Segment [Member] | ||
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance | 482 | 1,033 |
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | 444 | 1,029 |
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 207 | 95 |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 80 | |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Cash Basis Method | 80 | |
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | ||
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance | 386 | |
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | 384 | |
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 87 | 52 |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 6 | |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Cash Basis Method | 6 | |
Commercial Real Estate Portfolio Segment [Member] | Other Commercial Real Estate Loans [Member] | ||
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment | 1,884 | 1,103 |
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method | 21 | 8 |
Impaired Financing Receivable, with Related Allowance, Interest Income, Cash Basis Method | 21 | 8 |
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance | 548 | 2,802 |
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 548 | 2,615 |
Impaired Financing Receivable, Related Allowance | 42 | 868 |
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance | 1,928 | 2,121 |
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | 1,039 | 2,106 |
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 951 | 2,344 |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 105 | |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Cash Basis Method | 105 | |
Residential Portfolio Segment [Member] | Residential Real Estate Owner Occupied Loans [Member] | ||
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment | 120 | 149 |
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method | 6 | |
Impaired Financing Receivable, with Related Allowance, Interest Income, Cash Basis Method | 6 | |
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance | 99 | 177 |
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 100 | 177 |
Impaired Financing Receivable, Related Allowance | 2 | 6 |
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance | 104 | 175 |
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | 103 | 174 |
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 119 | 357 |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 2 | |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Cash Basis Method | 2 | |
Residential Portfolio Segment [Member] | Residential Real Estate Non-owner Occupied Loans [Member] | ||
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment | 115 | |
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method | ||
Impaired Financing Receivable, with Related Allowance, Interest Income, Cash Basis Method | ||
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance | ||
Impaired Financing Receivable, with Related Allowance, Recorded Investment | ||
Impaired Financing Receivable, Related Allowance | ||
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance | 722 | |
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | 407 | |
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 183 | 435 |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | ||
Impaired Financing Receivable, with No Related Allowance, Interest Income, Cash Basis Method |
Note 3 - Loans - Loans Past Due
Note 3 - Loans - Loans Past Due (Details) - USD ($) $ in Thousands | Jun. 30, 2017 | Jun. 30, 2016 |
Financing Receivable, Recorded Investment, 90 Days Past Due and Still Accruing | ||
Financing Receivable, Recorded Investment, Nonaccrual Status | 1,187 | 6,034 |
Financing Receivable, Recorded Investment, Past Due | 274 | 2,728 |
Financing Receivable, Recorded Investment, Not Past Due | 273,174 | 254,099 |
Financing Receivable, Recorded Investment, Total | 273,448 | 256,827 |
Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due | 35 | 204 |
Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due | ||
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Nonaccrual Status | 239 | 2,524 |
Financing Receivable, Recorded Investment, Past Due | 239 | 2,524 |
Commercial Portfolio Segment [Member] | ||
Financing Receivable, Recorded Investment, 90 Days Past Due and Still Accruing | ||
Financing Receivable, Recorded Investment, Nonaccrual Status | 368 | 1,009 |
Financing Receivable, Recorded Investment, Past Due | 35 | 123 |
Financing Receivable, Recorded Investment, Not Past Due | 46,402 | 43,125 |
Financing Receivable, Recorded Investment, Total | 46,437 | 43,248 |
Commercial Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due | 123 | |
Commercial Portfolio Segment [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due | ||
Commercial Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due | 35 | |
Commercial Real Estate Portfolio Segment [Member] | ||
Financing Receivable, Recorded Investment, Total | 163,763 | 160,839 |
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | ||
Financing Receivable, Recorded Investment, 90 Days Past Due and Still Accruing | ||
Financing Receivable, Recorded Investment, Nonaccrual Status | 384 | |
Financing Receivable, Recorded Investment, Past Due | ||
Financing Receivable, Recorded Investment, Not Past Due | 5,596 | 7,764 |
Financing Receivable, Recorded Investment, Total | 5,596 | 7,764 |
Commercial Real Estate Portfolio Segment [Member] | Other Commercial Real Estate Loans [Member] | ||
Financing Receivable, Recorded Investment, 90 Days Past Due and Still Accruing | ||
Financing Receivable, Recorded Investment, Nonaccrual Status | 729 | 4,000 |
Financing Receivable, Recorded Investment, Past Due | 130 | 2,169 |
Financing Receivable, Recorded Investment, Not Past Due | 158,037 | 150,906 |
Financing Receivable, Recorded Investment, Total | 158,167 | 153,075 |
Commercial Real Estate Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | Construction Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due | ||
Commercial Real Estate Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | Other Commercial Real Estate Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due | 59 | |
Commercial Real Estate Portfolio Segment [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | Construction Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due | ||
Commercial Real Estate Portfolio Segment [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | Other Commercial Real Estate Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due | ||
Commercial Real Estate Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Construction Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due | ||
Commercial Real Estate Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Other Commercial Real Estate Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due | 130 | 2,110 |
Residential Portfolio Segment [Member] | ||
Financing Receivable, Recorded Investment, Total | 58,104 | 46,924 |
Residential Portfolio Segment [Member] | Construction Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due | ||
Financing Receivable, Recorded Investment, Not Past Due | 1,996 | 1,270 |
Financing Receivable, Recorded Investment, Total | 1,996 | 1,270 |
Residential Portfolio Segment [Member] | Residential Real Estate Owner Occupied Loans [Member] | ||
Financing Receivable, Recorded Investment, 90 Days Past Due and Still Accruing | ||
Financing Receivable, Recorded Investment, Nonaccrual Status | 90 | 234 |
Financing Receivable, Recorded Investment, Past Due | 87 | 233 |
Financing Receivable, Recorded Investment, Not Past Due | 41,605 | 30,947 |
Financing Receivable, Recorded Investment, Total | 41,692 | 31,180 |
Residential Portfolio Segment [Member] | Residential Real Estate Non-owner Occupied Loans [Member] | ||
Financing Receivable, Recorded Investment, 90 Days Past Due and Still Accruing | ||
Financing Receivable, Recorded Investment, Nonaccrual Status | 407 | |
Financing Receivable, Recorded Investment, Past Due | 196 | |
Financing Receivable, Recorded Investment, Not Past Due | 14,416 | 14,278 |
Financing Receivable, Recorded Investment, Total | 14,416 | 14,474 |
Residential Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | Construction Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due | ||
Residential Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | Residential Real Estate Owner Occupied Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due | 13 | 15 |
Residential Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | Residential Real Estate Non-owner Occupied Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due | ||
Residential Portfolio Segment [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | Construction Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due | ||
Residential Portfolio Segment [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | Residential Real Estate Owner Occupied Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due | ||
Residential Portfolio Segment [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | Residential Real Estate Non-owner Occupied Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due | ||
Residential Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Construction Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due | ||
Residential Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Residential Real Estate Owner Occupied Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due | 74 | 218 |
Residential Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Residential Real Estate Non-owner Occupied Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due | 196 | |
Consumer Portfolio Segment [Member] | ||
Financing Receivable, Recorded Investment, 90 Days Past Due and Still Accruing | ||
Financing Receivable, Recorded Investment, Nonaccrual Status | ||
Financing Receivable, Recorded Investment, Past Due | 22 | 7 |
Financing Receivable, Recorded Investment, Not Past Due | 5,122 | 5,809 |
Financing Receivable, Recorded Investment, Total | 5,144 | 5,816 |
Consumer Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due | 22 | 7 |
Consumer Portfolio Segment [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due | ||
Consumer Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due |
Note 3 - Loans - Loans by Class
Note 3 - Loans - Loans by Class Modified as Troubled Debt Restructurings (Details) $ in Thousands | 12 Months Ended | |
Jun. 30, 2017USD ($) | Jun. 30, 2016USD ($) | |
Number of Contracts | 3 | 6 |
Pre-Modification Outstanding Recorded Investment | $ 1,030 | $ 2,352 |
Post-Modification Outstanding Recorded Investment | $ 1,030 | $ 2,516 |
Commercial Portfolio Segment [Member] | ||
Number of Contracts | 2 | 3 |
Pre-Modification Outstanding Recorded Investment | $ 518 | $ 1,058 |
Post-Modification Outstanding Recorded Investment | $ 518 | $ 1,029 |
Commercial Real Estate Portfolio Segment [Member] | Other Commercial Real Estate Loans [Member] | ||
Number of Contracts | 1 | 3 |
Pre-Modification Outstanding Recorded Investment | $ 512 | $ 1,294 |
Post-Modification Outstanding Recorded Investment | $ 512 | $ 1,487 |
Note 3 - Loans - Recorded Inves
Note 3 - Loans - Recorded Investment by Risk Category (Details) - USD ($) $ in Thousands | Jun. 30, 2017 | Jun. 30, 2016 |
Pass [Member] | ||
Financing Receivable, Net | $ 217,078 | $ 203,599 |
Special Mention [Member] | ||
Financing Receivable, Net | 7,262 | 9,150 |
Substandard [Member] | ||
Financing Receivable, Net | 2,480 | 6,413 |
Doubtful [Member] | ||
Financing Receivable, Net | 691 | 2,393 |
Not Rated [Member] | ||
Financing Receivable, Net | 45,937 | 35,272 |
Commercial Portfolio Segment [Member] | Pass [Member] | ||
Financing Receivable, Net | 44,435 | 35,243 |
Commercial Portfolio Segment [Member] | Special Mention [Member] | ||
Financing Receivable, Net | 907 | 6,190 |
Commercial Portfolio Segment [Member] | Substandard [Member] | ||
Financing Receivable, Net | 642 | 1,162 |
Commercial Portfolio Segment [Member] | Doubtful [Member] | ||
Financing Receivable, Net | ||
Commercial Portfolio Segment [Member] | Not Rated [Member] | ||
Financing Receivable, Net | 453 | 653 |
Commercial Real Estate Portfolio Segment [Member] | Pass [Member] | Construction Loans [Member] | ||
Financing Receivable, Net | 4,514 | 7,305 |
Commercial Real Estate Portfolio Segment [Member] | Pass [Member] | Other Commercial Real Estate Loans [Member] | ||
Financing Receivable, Net | 150,460 | 144,101 |
Commercial Real Estate Portfolio Segment [Member] | Special Mention [Member] | Construction Loans [Member] | ||
Financing Receivable, Net | 1,035 | |
Commercial Real Estate Portfolio Segment [Member] | Special Mention [Member] | Other Commercial Real Estate Loans [Member] | ||
Financing Receivable, Net | 5,110 | 2,482 |
Commercial Real Estate Portfolio Segment [Member] | Substandard [Member] | Construction Loans [Member] | ||
Financing Receivable, Net | 384 | |
Commercial Real Estate Portfolio Segment [Member] | Substandard [Member] | Other Commercial Real Estate Loans [Member] | ||
Financing Receivable, Net | 1,566 | 4,026 |
Commercial Real Estate Portfolio Segment [Member] | Doubtful [Member] | Construction Loans [Member] | ||
Financing Receivable, Net | 4 | |
Commercial Real Estate Portfolio Segment [Member] | Doubtful [Member] | Other Commercial Real Estate Loans [Member] | ||
Financing Receivable, Net | 470 | 2,150 |
Commercial Real Estate Portfolio Segment [Member] | Not Rated [Member] | Construction Loans [Member] | ||
Financing Receivable, Net | 43 | 75 |
Commercial Real Estate Portfolio Segment [Member] | Not Rated [Member] | Other Commercial Real Estate Loans [Member] | ||
Financing Receivable, Net | 561 | 316 |
Residential Portfolio Segment [Member] | Pass [Member] | Construction Loans [Member] | ||
Financing Receivable, Net | 1,223 | 235 |
Residential Portfolio Segment [Member] | Pass [Member] | Residential Real Estate Owner Occupied Loans [Member] | ||
Financing Receivable, Net | 2,668 | 3,506 |
Residential Portfolio Segment [Member] | Pass [Member] | Residential Real Estate Non-owner Occupied Loans [Member] | ||
Financing Receivable, Net | 13,633 | 12,999 |
Residential Portfolio Segment [Member] | Special Mention [Member] | Construction Loans [Member] | ||
Financing Receivable, Net | ||
Residential Portfolio Segment [Member] | Special Mention [Member] | Residential Real Estate Owner Occupied Loans [Member] | ||
Financing Receivable, Net | 72 | |
Residential Portfolio Segment [Member] | Special Mention [Member] | Residential Real Estate Non-owner Occupied Loans [Member] | ||
Financing Receivable, Net | 210 | 406 |
Residential Portfolio Segment [Member] | Substandard [Member] | Construction Loans [Member] | ||
Financing Receivable, Net | ||
Residential Portfolio Segment [Member] | Substandard [Member] | Residential Real Estate Owner Occupied Loans [Member] | ||
Financing Receivable, Net | 11 | 349 |
Residential Portfolio Segment [Member] | Substandard [Member] | Residential Real Estate Non-owner Occupied Loans [Member] | ||
Financing Receivable, Net | 261 | 486 |
Residential Portfolio Segment [Member] | Doubtful [Member] | Construction Loans [Member] | ||
Financing Receivable, Net | ||
Residential Portfolio Segment [Member] | Doubtful [Member] | Residential Real Estate Owner Occupied Loans [Member] | ||
Financing Receivable, Net | 30 | 47 |
Residential Portfolio Segment [Member] | Doubtful [Member] | Residential Real Estate Non-owner Occupied Loans [Member] | ||
Financing Receivable, Net | 187 | 196 |
Residential Portfolio Segment [Member] | Not Rated [Member] | Construction Loans [Member] | ||
Financing Receivable, Net | 773 | 1,035 |
Residential Portfolio Segment [Member] | Not Rated [Member] | Residential Real Estate Owner Occupied Loans [Member] | ||
Financing Receivable, Net | 38,983 | 27,206 |
Residential Portfolio Segment [Member] | Not Rated [Member] | Residential Real Estate Non-owner Occupied Loans [Member] | ||
Financing Receivable, Net | 125 | 387 |
Consumer Portfolio Segment [Member] | Pass [Member] | ||
Financing Receivable, Net | 145 | 210 |
Consumer Portfolio Segment [Member] | Special Mention [Member] | ||
Financing Receivable, Net | ||
Consumer Portfolio Segment [Member] | Substandard [Member] | ||
Financing Receivable, Net | 6 | |
Consumer Portfolio Segment [Member] | Doubtful [Member] | ||
Financing Receivable, Net | ||
Consumer Portfolio Segment [Member] | Not Rated [Member] | ||
Financing Receivable, Net | $ 4,999 | $ 5,600 |
Note 3 - Loans - Loans to Relat
Note 3 - Loans - Loans to Related Parties (Details) $ in Thousands | 12 Months Ended |
Jun. 30, 2017USD ($) | |
Principal balance, July 1 | $ 4,724 |
New loans | 1,620 |
Effect of changes in composition of related parties | 3,565 |
Repayments | (422) |
Principal balance, June 30 | $ 9,487 |
Note 4 - Premised and Equipme54
Note 4 - Premised and Equipment (Details Textual) - USD ($) $ in Thousands | 12 Months Ended | |
Jun. 30, 2017 | Jun. 30, 2016 | |
Depreciation | $ 781 | $ 647 |
Operating Leases, Rent Expense | $ 158 | $ 159 |
Note 4 - Premises and Equipment
Note 4 - Premises and Equipment - Major Classifications of Premises and Equipment (Details) - USD ($) $ in Thousands | Jun. 30, 2017 | Jun. 30, 2016 |
Premises and equipment, gross | $ 19,012 | $ 18,458 |
Accumulated depreciation and amortization | (5,614) | (4,873) |
Premises and equipment, net | 13,398 | 13,585 |
Land [Member] | ||
Premises and equipment, gross | 1,469 | 1,469 |
Land Improvements [Member] | ||
Premises and equipment, gross | 340 | 317 |
Building And Leasehold Improvements [Member] | ||
Premises and equipment, gross | 12,180 | 11,978 |
Furniture and Fixtures [Member] | ||
Premises and equipment, gross | $ 5,023 | $ 4,694 |
Note 4 - Premises and Equipme56
Note 4 - Premises and Equipment - Minimum Annual Rentals and Commitments (Details) $ in Thousands | Jun. 30, 2017USD ($) |
2,018 | $ 97 |
2,019 | 50 |
2,020 | 50 |
2,021 | 25 |
Total | $ 222 |
Note 5 - Deposits (Details Text
Note 5 - Deposits (Details Textual) - USD ($) $ in Thousands | Jun. 30, 2017 | Jun. 30, 2016 |
Time Deposits Minimum Denomination | $ 250 | |
Time Deposits, at or Above FDIC Insurance Limit | 14,252 | $ 14,176 |
Related Party Deposit Liabilities | $ 4,828 | $ 5,386 |
Note 5 - Deposits - Maturities
Note 5 - Deposits - Maturities of Time Deposits (Details) - USD ($) $ in Thousands | Jun. 30, 2017 | Jun. 30, 2016 |
2,018 | $ 34,935 | |
2,019 | 17,962 | |
2,020 | 5,948 | |
2,021 | 3,789 | |
2,022 | 3,172 | |
Thereafter | 705 | |
Total | $ 66,511 | $ 65,008 |
Note 6 - Short-term Borrowing59
Note 6 - Short-term Borrowings (Details Textual) - USD ($) $ in Thousands | 12 Months Ended | |
Jun. 30, 2017 | Jun. 30, 2016 | |
Interest Expense, Short-term Borrowings | $ 90 | $ 39 |
Note 6 - Short-term Borrowing60
Note 6 - Short-term Borrowings - Summary of Short-term Borrowings (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Jun. 30, 2017 | Jun. 30, 2016 | |
Short-term borrowings | $ 23,986 | $ 19,129 |
Average balance during the year | 21,053 | 21,196 |
Maximum month-end balance | $ 28,073 | $ 25,759 |
Average interest rate during the year | 0.43% | 0.18% |
Weighted average rate, June 30 | 0.82% | 0.20% |
Note 6 - Short-term Borrowing61
Note 6 - Short-term Borrowings - Schedule of Repurchase Agreements (Details) - USD ($) $ in Thousands | Jun. 30, 2017 | Jun. 30, 2016 |
Pledged Financial Instruments, Securities for Repurchase Agreements | $ 25,293 | $ 20,440 |
Repurchase Agreements | 23,986 | 19,129 |
US Government-sponsored Enterprises Debt Securities [Member] | ||
Pledged Financial Instruments, Securities for Repurchase Agreements | 2,015 | 2,066 |
Residential Mortgage Backed Securities [Member] | ||
Pledged Financial Instruments, Securities for Repurchase Agreements | 20,923 | 16,864 |
Collateralized Mortgage Obligations [Member] | ||
Pledged Financial Instruments, Securities for Repurchase Agreements | $ 2,355 | $ 1,510 |
Note 7 - Federal Home Loan Ba62
Note 7 - Federal Home Loan Bank Advances (Details Textual) - USD ($) $ in Thousands | 12 Months Ended | |
Jun. 30, 2017 | Jun. 30, 2016 | |
Prepayment Penalty for Advances Received, Percentage of Lost Cash Flow | 100.00% | |
Federal Home Loan Bank, Advances, General Debt Obligations, Amount of Available, Unused Funds | $ 14,325 | |
First Mortgage Loans [Member] | ||
Federal Home Loan Bank, Advances, General Debt Obligations, Disclosures, Collateral Pledged | $ 49,023 | $ 28,085 |
Note 7 - Federal Home Loan Ba63
Note 7 - Federal Home Loan Bank Advances - Summary of Federal Home Loan Bank (FHLB) Advances (Details) - USD ($) $ in Thousands | Jun. 30, 2017 | Jun. 30, 2016 |
Federal Home Loan Bank advances | $ 12,320 | $ 17,281 |
Fixed Rate Amortizing FHLB Advances [Member] | ||
Federal Home Loan Bank advances | $ 120 | $ 181 |
Weighted average rate | 4.30% | 4.30% |
Fixed Rate Amortizing FHLB Advances [Member] | Minimum [Member] | ||
Stated Interest rate range | 4.30% | |
Fixed Rate Amortizing FHLB Advances [Member] | Maximum [Member] | ||
Stated Interest rate range | 4.30% | |
Fixed Rate FHLB Advances [Member] | ||
Federal Home Loan Bank advances | $ 12,200 | $ 17,100 |
Weighted average rate | 1.47% | 1.45% |
Fixed Rate FHLB Advances [Member] | Minimum [Member] | ||
Stated Interest rate range | 0.43% | |
Fixed Rate FHLB Advances [Member] | Maximum [Member] | ||
Stated Interest rate range | 3.24% |
Note 7 - Federal Home Loan Ba64
Note 7 - Federal Home Loan Bank Advances - Summary of the Scheduled Principal Payments (Details) - USD ($) $ in Thousands | Jun. 30, 2017 | Jun. 30, 2016 |
2,018 | $ 570 | |
2,019 | 2,050 | |
2,020 | 1,500 | |
2,021 | 1,500 | |
2,022 | 1,700 | |
Thereafter | 5,000 | |
Total | $ 12,320 | $ 17,281 |
Note 8 - Employee Benefit Pla65
Note 8 - Employee Benefit Plans (Details Textual) - USD ($) $ in Thousands | 12 Months Ended | |
Jun. 30, 2017 | Jun. 30, 2016 | |
Defined Contribution Plan, Employers Matching Contribution, Annual Vesting Percentage | 100.00% | |
Defined Contribution Plan, Maximum Annual Contributions Per Employee, Percent | 4.00% | |
Defined Contribution Plan, Cost | $ 190 | $ 181 |
Defined Benefit Plan, Accumulated Benefit Obligation | $ 2,152 | $ 2,020 |
Defined Benefit Plan, Assumptions Used Calculating Benefit Obligation, Discount Rate | 4.50% | 4.50% |
Defined Benefit Plan, Other Cost (Credit) | $ 196 | $ 191 |
Defined Benefit Plan, Plan Assets, Contributions by Employer | $ 64 | $ 64 |
Restricted Stock [Member] | ||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number | 1,429 | 3,564 |
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period | 4 years | |
Allocated Share-based Compensation Expense | $ 0 | $ 0 |
Note 8 - Employee Benefit Pla66
Note 8 - Employee Benefit Plans - Summary of the Restricted Stock Awards (Details) - Restricted Stock [Member] | 12 Months Ended |
Jun. 30, 2017$ / sharesshares | |
Restricted Stock Awards, Outstanding, Beginning Balance (in shares) | shares | 3,564 |
Weighted-Average Grant Date Fair Value Per Share, Outstanding at Beginning Period (in dollars per share) | $ / shares | $ 15.33 |
Restricted Stock Awards, Expired (in shares) | shares | (2,135) |
Weighted-Average Grant Date Fair Value Per Share, Expired (in dollars per share) | $ / shares | $ 15.05 |
Restricted Stock Awards, Outstanding, Ending Balance (in shares) | shares | 1,429 |
Weighted-Average Grant Date Fair Value Per Share, Outstanding at Ending Period (in dollars per share) | $ / shares | $ 15.75 |
Note 9 - Income Taxes (Details
Note 9 - Income Taxes (Details Textual) - USD ($) $ in Thousands | 12 Months Ended | |
Jun. 30, 2017 | Jun. 30, 2016 | |
Unrecognized Tax Benefits, Income Tax Penalties and Interest Expense | $ 0 | $ 0 |
Unrecognized Tax Benefits, Income Tax Penalties and Interest Accrued | $ 0 | 0 |
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent | 34.00% | |
Unrecognized Tax Benefits | $ 0 | $ 0 |
Note 9 - Income Taxes - Provisi
Note 9 - Income Taxes - Provision for Income Taxes (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Jun. 30, 2017 | Jun. 30, 2016 | |
Current income taxes | $ 513 | $ 421 |
Deferred income tax expense (benefit) | 128 | (142) |
Income Tax Expense (Benefit) | $ 641 | $ 279 |
Note 9 - Income Taxes - Net Def
Note 9 - Income Taxes - Net Deferred Income Tax Asset (Details) - USD ($) $ in Thousands | Jun. 30, 2017 | Jun. 30, 2016 |
Allowance for loan losses | $ 919 | $ 1,082 |
Deferred compensation | 771 | 721 |
Recognized loss on impairment of security | 265 | 265 |
AMT credit carryforward | 220 | 143 |
Deferred income | 119 | 140 |
Other real estate owned deferred gain | 12 | 13 |
Other real estate owned write down | 10 | |
Non-accrual loan interest income | 58 | 72 |
Gross deferred tax asset | 2,374 | 2,436 |
Depreciation | (788) | (761) |
Loan fees | (320) | (279) |
Prepaid expenses | (89) | (91) |
FHLB stock dividends | (166) | (166) |
Net unrealized securities gain | (229) | (1,231) |
Gross deferred tax liabilities | (1,592) | (2,528) |
Net deferred asset | $ 782 | |
Net deferred liability | $ (92) |
Note 9 - Income Taxes - Schedul
Note 9 - Income Taxes - Schedule of Effective Income Tax Rate Reconciliation (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Jun. 30, 2017 | Jun. 30, 2016 | |
Income taxes computed at the statutory rate on pretax income | $ 1,236 | $ 825 |
Tax exempt income | (498) | (491) |
Cash surrender value income | (83) | (65) |
Tax credit | (25) | |
Other | 11 | 10 |
us-gaap_IncomeTaxExpenseBenefit | $ 641 | $ 279 |
Note 10 - Regulatory Matters (D
Note 10 - Regulatory Matters (Details Textual) - USD ($) $ in Thousands | Jan. 01, 2019 | Jan. 01, 2016 | Jun. 30, 2017 |
Percentage of Capital Implementation | 0.625% | ||
Capital Conservation Buffer | 1.25% | ||
Statutory Accounting Practices, Statutory Amount Available for Dividend Payments without Regulatory Approval | $ 3,612 | ||
Scenario, Forecast [Member] | |||
Percentage of Capital Implementation | 2.50% |
Note 10 - Regulatory Matters -
Note 10 - Regulatory Matters - Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations (Details) - USD ($) | Jun. 30, 2017 | Jun. 30, 2016 |
Common Equity Tier One Risk Based Capital Required to be Well Capitalized to Risk Weighted Assets | 6.50% | 6.50% |
Tier One Risk Based Capital | $ 41,400 | $ 39,400 |
Tier 1 capital to risk weighted assets Bank | 13.21% | 13.37% |
Tier One Risk Based Capital Required for Capital Adequacy | $ 22,700 | $ 19,500 |
Tier One Risk Based Capital Required for Capital Adequacy to Risk Weighted Assets | 6.00% | 6.00% |
Tier One Risk Based Capital Required to be Well Capitalized | $ 25,100 | $ 23,600 |
Tier One Risk Based Capital Required to be Well Capitalized to Risk Weighted Assets | 8.00% | 8.00% |
Capital | $ 44,500 | $ 42,900 |
Capital to Risk Weighted Assets | 14.20% | 14.58% |
Capital Required for Capital Adequacy | $ 29,000 | $ 25,400 |
Capital Required for Capital Adequacy to Risk Weighted Assets | 8.00% | 8.00% |
Capital Required to be Well Capitalized | $ 31,400 | $ 29,400 |
Capital Required to be Well Capitalized to Risk Weighted Assets | 10.00% | 10.00% |
Tier One Leverage Capital | $ 41,400 | $ 39,400 |
Tier One Leverage Capital to Average Assets | 9.06% | 9.25% |
Tier One Leverage Capital Required for Capital Adequacy | $ 18,300 | $ 17,000 |
Tier One Leverage Capital Required for Capital Adequacy to Average Assets | 4.00% | 4.00% |
Tier One Leverage Capital Required to be Well Capitalized | $ 22,900 | $ 21,300 |
Tier One Leverage Capital Required to be Well Capitalized to Average Assets | 5.00% | 5.00% |
Common Equity Tier One Risk Based Capital | $ 41,400 | $ 39,400 |
Common Equity Tier One Risk Based Capital to Risk Weighted Assets | 13.21% | 13.37% |
Common Equity Tier One Risk Based Capital Required for Capital Adequacy | $ 18,000 | $ 15,100 |
Common Equity Tier One Risk Based Capital Required for Capital Adequacy to Risk Weighted Assets | 4.50% | 4.50% |
Common Equity Tier One Risk Based Capital Required to be Well Capitalized | $ 20,400 | $ 19,100 |
Note 11 - Commitments with Of73
Note 11 - Commitments with Off-balance Sheet Risk (Details Textual) - USD ($) $ in Thousands | 12 Months Ended | |
Jun. 30, 2017 | Jun. 30, 2016 | |
Loans and Leases Receivable, Commitments, Fixed Rates | $ 11,862 | $ 2,468 |
Concentration Risk, Credit Risk, Financial Instrument, Maximum Exposure | 53,029 | 46,696 |
Loans and Leases Receivable, Commitments, Variable Rates | 41,167 | 44,228 |
Commitments to Extend Credit [Member] | ||
Fair Value Disclosure, Off-balance Sheet Risks, Face Amount, Liability | 8,121 | 7,829 |
Financial Standby Letter of Credit [Member] | ||
Fair Value Disclosure, Off-balance Sheet Risks, Face Amount, Liability | $ 713 | $ 1,032 |
Minimum [Member] | ||
Loans and Leases Receivable Commitments Fixed Rates Percentage | 2.45% | 3.10% |
Maximum [Member] | ||
Loans and Leases Receivable Commitments Fixed Rates Percentage | 6.50% | 5.99% |
Note 12 - Fair Value (Details T
Note 12 - Fair Value (Details Textual) - USD ($) $ in Thousands | 12 Months Ended | |
Jun. 30, 2017 | Jun. 30, 2016 | |
Impaired Financing Receivable, Unpaid Principal Balance | $ 3,161 | $ 7,416 |
Impaired Financing Receivable, Related Allowance | 44 | 874 |
Provision for Loan and Lease Losses | 596 | 1,498 |
Other Real Estate, Foreclosed Assets, and Repossessed Assets | 71 | |
Other Real Estate, Foreclosed Assets, and Repossessed Assets, Gross | 103 | |
Other Real Estate, Foreclosed Assets, and Repossessed Assets, Valuation Allowance | 32 | |
Other Real Estate, Foreclosed Assets, and Repossessed Assets, Write Down | 32 | |
Other Real Estate Owned, Fair Value Disclosure | 0 | |
Collateral Dependent Loans [Member] | ||
Impaired Financing Receivable, Unpaid Principal Balance | 130 | 2,150 |
Impaired Financing Receivable, Related Allowance | 0 | 747 |
Provision for Loan and Lease Losses | $ 314 | $ 1,010 |
Note 12 - Fair Value - Assets a
Note 12 - Fair Value - Assets and Liabilities Measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Thousands | Jun. 30, 2017 | Jun. 30, 2016 |
Securities, available-for-sale | $ 142,086 | $ 133,369 |
US Government-sponsored Enterprises Debt Securities [Member] | ||
Securities, available-for-sale | 12,587 | 10,044 |
US Government-sponsored Enterprises Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Securities, available-for-sale | ||
US Government-sponsored Enterprises Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Securities, available-for-sale | 12,587 | 10,044 |
US Government-sponsored Enterprises Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Securities, available-for-sale | ||
US States and Political Subdivisions Debt Securities [Member] | ||
Securities, available-for-sale | 57,460 | 55,954 |
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Securities, available-for-sale | ||
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Securities, available-for-sale | 57,460 | 55,954 |
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Securities, available-for-sale | ||
Residential Mortgage Backed Securities [Member] | ||
Securities, available-for-sale | 63,838 | 59,596 |
Residential Mortgage Backed Securities [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Securities, available-for-sale | ||
Residential Mortgage Backed Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Securities, available-for-sale | 63,838 | 59,596 |
Residential Mortgage Backed Securities [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Securities, available-for-sale | ||
Commercial Mortgage Backed Securities [Member] | ||
Securities, available-for-sale | 1,458 | 1,526 |
Commercial Mortgage Backed Securities [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Securities, available-for-sale | ||
Commercial Mortgage Backed Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Securities, available-for-sale | 1,458 | 1,526 |
Commercial Mortgage Backed Securities [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Securities, available-for-sale | ||
Collateralized Mortgage Backed Securities [Member] | ||
Securities, available-for-sale | 6,211 | 5,820 |
Collateralized Mortgage Backed Securities [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Securities, available-for-sale | ||
Collateralized Mortgage Backed Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Securities, available-for-sale | 6,211 | 5,820 |
Collateralized Mortgage Backed Securities [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Securities, available-for-sale | ||
Pooled Trust Preferred Securities Subject to Mandatory Redemption [Member] | ||
Securities, available-for-sale | 532 | 429 |
Pooled Trust Preferred Securities Subject to Mandatory Redemption [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Securities, available-for-sale | ||
Pooled Trust Preferred Securities Subject to Mandatory Redemption [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Securities, available-for-sale | 532 | 429 |
Pooled Trust Preferred Securities Subject to Mandatory Redemption [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Securities, available-for-sale |
Note 12 - Fair Value - Financia
Note 12 - Fair Value - Financial Assets and Liabilities Measured at Fair Value on a Non-recurring Basis (Details) - USD ($) $ in Thousands | Jun. 30, 2017 | Jun. 30, 2016 |
Commercial Real Estate - Other [Member] | ||
Assets, Fair Value Disclosure, Nonrecurring | $ 130 | $ 1,206 |
Commercial Real Estate - Other [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Assets, Fair Value Disclosure, Nonrecurring | ||
Commercial Real Estate - Other [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Assets, Fair Value Disclosure, Nonrecurring | ||
Commercial Real Estate - Other [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Assets, Fair Value Disclosure, Nonrecurring | 130 | 1,206 |
Residential Real Estate Non-owner Occupied Loans [Member] | ||
Assets, Fair Value Disclosure, Nonrecurring | 197 | |
Residential Real Estate Non-owner Occupied Loans [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Assets, Fair Value Disclosure, Nonrecurring | ||
Residential Real Estate Non-owner Occupied Loans [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Assets, Fair Value Disclosure, Nonrecurring | ||
Residential Real Estate Non-owner Occupied Loans [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Assets, Fair Value Disclosure, Nonrecurring | $ 197 | |
Residential Real Estate Owner Occupied Loans [Member] | ||
Assets, Fair Value Disclosure, Nonrecurring | 71 | |
Residential Real Estate Owner Occupied Loans [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Assets, Fair Value Disclosure, Nonrecurring | ||
Residential Real Estate Owner Occupied Loans [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Assets, Fair Value Disclosure, Nonrecurring | ||
Residential Real Estate Owner Occupied Loans [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Assets, Fair Value Disclosure, Nonrecurring | $ 71 |
Note 12 - Fair Value - Quantita
Note 12 - Fair Value - Quantitative Information about Level 3 Fair Value Measurements (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Jun. 30, 2017 | Jun. 30, 2016 | |
Commercial Real Estate - Other [Member] | Bid Indications [Member] | ||
Fair Value | $ 130 | |
Valuation Technique | Bid Indication | |
Unobservable Inputs | N/A | |
Discount Rate | 0.00% | |
Commercial Real Estate - Other [Member] | Bid Indications [Member] | Weighted Average [Member] | ||
Discount Rate | 0.00% | |
Commercial Real Estate - Other [Member] | Income Approach Valuation Technique [Member] | ||
Fair Value | $ 459 | |
Valuation Technique | Settlement Contract | |
Unobservable Inputs | N/A | |
Discount Rate | 0.00% | |
Commercial Real Estate - Other [Member] | Income Approach Valuation Technique [Member] | Minimum [Member] | ||
Discount Rate | 0.00% | |
Commercial Real Estate - Other [Member] | Cost Approach Valuation Technique [Member] | ||
Fair Value | $ 127 | |
Valuation Technique | Bid Indications | |
Unobservable Inputs | N/A | |
Discount Rate | 0.00% | |
Commercial Real Estate - Other [Member] | Cost Approach Valuation Technique [Member] | Minimum [Member] | ||
Discount Rate | 0.00% | |
Commercial Real Estate - Other [Member] | Market Approach Valuation Technique [Member] | ||
Fair Value | $ 620 | |
Valuation Technique | Bid Indications | |
Unobservable Inputs | N/A | |
Discount Rate | 0.00% | |
Commercial Real Estate - Other [Member] | Market Approach Valuation Technique [Member] | Minimum [Member] | ||
Discount Rate | 0.00% | |
Residential Real Estate Owner Occupied Loans [Member] | Bid Indications [Member] | ||
Fair Value | $ 71 | |
Valuation Technique | Bid Indication | |
Unobservable Inputs | N/A | |
Discount Rate | 0.00% | |
Residential Real Estate Non-owner Occupied Loans [Member] | Bid Indications [Member] | ||
Fair Value | $ 197 | |
Valuation Technique | Bid Indications | |
Unobservable Inputs | N/A | |
Discount Rate | 0.00% |
Note 12 - Fair Value - Estimate
Note 12 - Fair Value - Estimated Fair Values of Financial Instruments (Details) - USD ($) $ in Thousands | Jun. 30, 2017 | Jun. 30, 2016 |
Held-to-maturity, fair value | $ 4,329 | $ 3,619 |
Fair Value, Inputs, Level 1 [Member] | Reported Value Measurement [Member] | ||
Cash and cash equivalents | 9,912 | 10,181 |
Fair Value, Inputs, Level 1 [Member] | Estimate of Fair Value Measurement [Member] | ||
Cash and cash equivalents | 9,912 | 10,181 |
Fair Value, Inputs, Level 2 [Member] | Reported Value Measurement [Member] | ||
Certificates of deposits in other financial institutions | 3,921 | 5,906 |
Loans held for sale | 1,252 | 1,048 |
Accrued interest receivable | 1,212 | 1,077 |
Short-term borrowings | 23,986 | 19,129 |
Federal Home Loan Bank advances | 12,320 | 17,281 |
Accrued interest payable | 40 | 40 |
Fair Value, Inputs, Level 2 [Member] | Reported Value Measurement [Member] | Demand and Savings Deposits [Member] | ||
Demand and savings deposits | 307,960 | 281,640 |
Fair Value, Inputs, Level 2 [Member] | Reported Value Measurement [Member] | Time Deposits [Member] | ||
Demand and savings deposits | 66,511 | 65,008 |
Fair Value, Inputs, Level 2 [Member] | Estimate of Fair Value Measurement [Member] | ||
Certificates of deposits in other financial institutions | 3,927 | 5,906 |
Loans held for sale | 1,286 | 1,067 |
Accrued interest receivable | 1,212 | 1,077 |
Short-term borrowings | 23,986 | 19,129 |
Federal Home Loan Bank advances | 12,054 | 17,486 |
Accrued interest payable | 40 | 40 |
Fair Value, Inputs, Level 2 [Member] | Estimate of Fair Value Measurement [Member] | Demand and Savings Deposits [Member] | ||
Demand and savings deposits | 307,960 | 281,640 |
Fair Value, Inputs, Level 2 [Member] | Estimate of Fair Value Measurement [Member] | Time Deposits [Member] | ||
Demand and savings deposits | 66,535 | 65,111 |
Fair Value, Inputs, Level 3 [Member] | Reported Value Measurement [Member] | ||
Held-to-maturity, fair value | 4,259 | 3,494 |
Loans, net | 269,781 | 252,712 |
Fair Value, Inputs, Level 3 [Member] | Estimate of Fair Value Measurement [Member] | ||
Held-to-maturity, fair value | 4,329 | 3,619 |
Loans, net | $ 266,041 | $ 253,155 |
Note 13 - Parent Company Fina79
Note 13 - Parent Company Financial Statements - Condensed Balance Sheets (Details) - USD ($) $ in Thousands | Jun. 30, 2017 | Jun. 30, 2016 | Jun. 30, 2015 |
Available-for-sale securities, fair value | $ 142,086 | $ 133,369 | |
Total assets | 457,883 | 430,390 | |
Shareholders’ equity | 43,535 | 43,793 | $ 41,466 |
Total liabilities & shareholders’ equity | 457,883 | 430,390 | |
Parent Company [Member] | |||
Cash | 36 | 46 | |
Available-for-sale securities, fair value | 1,651 | 2,050 | |
Other assets | 61 | 50 | |
Investment in subsidiary | 41,843 | 41,708 | |
Total assets | 43,591 | 43,854 | |
Other liabilities | 56 | 61 | |
Shareholders’ equity | 43,535 | 43,793 | |
Total liabilities & shareholders’ equity | $ 43,591 | $ 43,854 |
Note 13 - Parent Company Fina80
Note 13 - Parent Company Financial Statements - Condensed Statements of Income and Comprehensive Income (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Jun. 30, 2017 | Jun. 30, 2016 | |
Income before income taxes and equity in undistributed net income of subsidiary | $ 3,635 | $ 2,426 |
us-gaap_IncomeTaxExpenseBenefit | 641 | 279 |
Net income | 2,994 | 2,147 |
Comprehensive income | 1,050 | 3,637 |
Parent Company [Member] | ||
Cash dividends from Bank subsidiary | 1,065 | 1,425 |
Other income | 51 | 46 |
Other expense | 213 | 206 |
Income before income taxes and equity in undistributed net income of subsidiary | 903 | 1,265 |
us-gaap_IncomeTaxExpenseBenefit | (53) | (50) |
Income before equity in undistributed net income of Bank subsidiary | 956 | 1,315 |
Equity in undistributed net income of subsidiary | 2,038 | 832 |
Net income | 2,994 | 2,147 |
Comprehensive income | $ 1,050 | $ 3,637 |
Note 13 - Parent Company Fina81
Note 13 - Parent Company Financial Statements - Condensed Statements of Cash Flows (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Jun. 30, 2017 | Jun. 30, 2016 | |
Net income | $ 2,994 | $ 2,147 |
Securities amortization and accretion, net | 1,087 | 1,092 |
Gain on sale of securities | (209) | (202) |
Net cash flows from operating activities | 5,379 | 3,851 |
Proceeds from sales of available-for-sale securities | 7,342 | 10,596 |
Net cash flows from investing activities | (32,059) | (26,888) |
Net cash flows from financing activities | 26,411 | 22,674 |
Change in cash and cash equivalents | (269) | (363) |
Cash and cash equivalents, beginning of year | 10,181 | 10,544 |
Cash and cash equivalents, end of year | 9,912 | 10,181 |
Parent Company [Member] | ||
Net income | 2,994 | 2,147 |
Equity in undistributed net income of Bank subsidiary | (2,038) | (832) |
Securities amortization and accretion, net | (10) | (11) |
Gain on sale of securities | (11) | |
Change in other assets and liabilities | 6 | (2) |
Net cash flows from operating activities | 941 | 1,302 |
Proceeds from sales of available-for-sale securities | 357 | |
Net cash flows from investing activities | 357 | |
Dividend paid | (1,308) | (1,310) |
Net cash flows from financing activities | (1,308) | (1,310) |
Change in cash and cash equivalents | (10) | (8) |
Cash and cash equivalents, beginning of year | 46 | 54 |
Cash and cash equivalents, end of year | $ 36 | $ 46 |
Note 14 - Earnings Per Share -
Note 14 - Earnings Per Share - Schedule of Earnings Per Share, Basic and Diluted (Details) - USD ($) $ / shares in Units, $ in Thousands | 12 Months Ended | |
Jun. 30, 2017 | Jun. 30, 2016 | |
Net income available to common shareholders | $ 2,994 | $ 2,147 |
Weighted average common shares outstanding (in shares) | 2,724,293 | 2,725,276 |
Basic income per share (in dollars per share) | $ 1.10 | $ 0.79 |
Net income available to common shareholders | $ 2,994 | $ 2,147 |
Weighted average common shares outstanding (in shares) | 2,724,293 | 2,725,276 |
Dilutive effect of restricted stock (in shares) | 32 | 103 |
Total common shares and dilutive potential common shares (in shares) | 2,724,325 | 2,725,379 |
Dilutive income per share (in dollars per share) | $ 1.10 | $ 0.79 |
Note 15 - Accumulated Other C83
Note 15 - Accumulated Other Comprehensive Income (Loss) - Components of Other Comprehensive Income (Details) - USD ($) $ in Thousands | 12 Months Ended | |||
Jun. 30, 2017 | Jun. 30, 2016 | Jun. 30, 2015 | ||
Amounts reclassified from accumulated other comprehensive income, net | [1],[2] | $ (138) | $ (133) | |
Net current period other comprehensive income (loss), before tax | (2,946) | 2,258 | ||
Net current period other comprehensive loss, tax | 1,002 | (768) | ||
Other comprehensive income | (1,944) | 1,490 | ||
Accumulated other comprehensive income (loss), before tax | 675 | 3,621 | $ 1,363 | |
Accumulated other comprehensive income (loss), tax | (230) | (1,232) | (464) | |
Accumulated other comprehensive income | 445 | 2,389 | $ 899 | |
Unrealized holding gain on available-for-sale securities arising during the period, before tax | (2,737) | 2,460 | ||
Unrealized holding loss on available-for-sale securities arising during the period, tax | 931 | (837) | ||
Unrealized holding gain on available-for-sale securities arising during the period, net | (1,806) | 1,623 | ||
Amounts reclassified from accumulated other comprehensive income, before tax | [1],[2] | (209) | (202) | |
Amounts reclassified from accumulated other comprehensive income, tax | [1],[2] | $ 71 | $ 69 | |
[1] | Income tax expense | |||
[2] | Securities gain, net |