Document And Entity Information
Document And Entity Information - shares | 6 Months Ended | |
Dec. 31, 2017 | Feb. 09, 2018 | |
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) | 2,729,644 | |
Document Type | 10-Q | |
Document Period End Date | Dec. 31, 2017 | |
Document Fiscal Year Focus | 2,018 | |
Document Fiscal Period Focus | Q2 | |
Amendment Flag | false |
Consolidated Balance Sheets (Cu
Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands | Dec. 31, 2017 | Jun. 30, 2017 |
ASSETS | ||
Cash on hand and noninterest-bearing deposits in financial institutions | $ 8,910 | $ 9,439 |
Federal funds sold and interest-bearing deposits in financial institutions | 231 | 473 |
Total cash and cash equivalents | 9,141 | 9,912 |
Certificates of deposit in other financial institutions | 3,921 | 3,921 |
Securities, available-for-sale | 135,738 | 142,086 |
Securities, held-to-maturity (fair value of $4,083 at December 31, 2017 and $4,329 at June 30, 2017) | 4,061 | 4,259 |
Federal bank and other restricted stocks, at cost | 1,425 | 1,425 |
Loans held for sale | 814 | 1,252 |
Total loans | 293,594 | 272,867 |
Less allowance for loan losses | (3,225) | (3,086) |
Net loans | 290,369 | 269,781 |
Cash surrender value of life insurance | 9,201 | 9,065 |
Premises and equipment, net | 13,137 | 13,398 |
Other real estate owned | 57 | 71 |
Accrued interest receivable and other assets | 2,418 | 2,713 |
Total assets | 470,282 | 457,883 |
LIABILITIES | ||
Non-interest bearing demand | 108,503 | 102,683 |
Interest bearing demand | 55,056 | 54,123 |
Savings | 152,659 | 151,154 |
Time | 66,771 | 66,511 |
Total deposits | 382,989 | 374,471 |
Short-term borrowings | 22,507 | 23,986 |
Federal Home Loan Bank advances | 17,188 | 12,320 |
Accrued interest and other liabilities | 3,427 | 3,571 |
Total liabilities | 426,111 | 414,348 |
Commitments and contingent liabilities | ||
SHAREHOLDERS’ EQUITY | ||
Preferred stock (no par value, 350,000 shares authorized, none outstanding) | 0 | 0 |
Common stock (no par value, 3,500,000 shares authorized; 2,854,133 shares issued as of December 31, 2017 and June 30, 2017) | 14,630 | 14,630 |
Retained earnings | 31,044 | 30,122 |
Treasury stock, at cost (124,489 and 130,606 common shares as of December 31, 2017 and June 30, 2017, respectively) | (1,576) | (1,662) |
Accumulated other comprehensive income | 73 | 445 |
Total shareholders’ equity | 44,171 | 43,535 |
Total liabilities and shareholders’ equity | $ 470,282 | $ 457,883 |
Consolidated Balance Sheets (C3
Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($) $ / shares in Thousands, $ in Thousands | Dec. 31, 2017 | Jun. 30, 2017 |
Held-to-maturity securities, fair value | $ 4,083 | $ 4,329 |
Preferred stock, par value (in dollars per share) | $ 0 | $ 0 |
Preferred stock, shares authorized (in shares) | 350,000 | 350,000 |
Preferred stock, shares outstanding (in shares) | 0 | 0 |
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) | 124,489 | 130,606 |
Consolidated Statements of Inco
Consolidated Statements of Income (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2017 | Dec. 31, 2016 | |
Interest income | ||||
Loans, including fees | $ 3,437 | $ 3,022 | $ 6,665 | $ 6,206 |
Securities, taxable | 459 | 377 | 970 | 779 |
Securities, tax-exempt | 367 | 357 | 734 | 708 |
Federal funds sold and other interest bearing deposits | 28 | 30 | 65 | 60 |
Total interest income | 4,291 | 3,786 | 8,434 | 7,753 |
Interest expense | ||||
Deposits | 253 | 183 | 501 | 353 |
Short-term borrowings | 57 | 11 | 112 | 23 |
Federal Home Loan Bank advances | 54 | 56 | 108 | 114 |
Total interest expense | 364 | 250 | 721 | 490 |
Net interest income | 3,927 | 3,536 | 7,713 | 7,263 |
Provision for loan losses | 60 | 140 | 150 | 276 |
Net interest income after provision for loan losses | 3,867 | 3,396 | 7,563 | 6,987 |
Non-interest income | ||||
Service charges on deposit accounts | 301 | 314 | 609 | 644 |
Debit card interchange income | 325 | 285 | 648 | 536 |
Bank owned life insurance income | 68 | 63 | 136 | 112 |
Securities gains, net | 22 | 38 | 125 | |
Loss on disposition of other real estate owned | (3) | (3) | ||
Other | 145 | 116 | 280 | 231 |
Total non-interest income | 839 | 797 | 1,711 | 1,645 |
Non-interest expenses | ||||
Salaries and employee benefits | 1,966 | 1,790 | 3,776 | 3,528 |
Occupancy and equipment | 465 | 478 | 920 | 930 |
Data processing expenses | 147 | 145 | 295 | 290 |
Debit card processing expenses | 188 | 149 | 368 | 282 |
Professional and director fees | 122 | 146 | 239 | 278 |
FDIC assessments | 46 | 46 | 92 | 101 |
Franchise taxes | 84 | 84 | 168 | 168 |
Marketing and advertising | 61 | 65 | 139 | 144 |
Telephone and network communications | 75 | 76 | 157 | 157 |
Other | 406 | 347 | 799 | 734 |
Total non-interest expenses | 3,560 | 3,326 | 6,953 | 6,612 |
Income before income taxes | 1,146 | 867 | 2,321 | 2,020 |
Income tax expense | 489 | 145 | 735 | 397 |
Net income | $ 657 | $ 722 | $ 1,586 | $ 1,623 |
Basic and diluted earnings per share (in dollars per share) | $ 0.24 | $ 0.27 | $ 0.58 | $ 0.60 |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||||
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2017 | Dec. 31, 2016 | |||
Net income | $ 657 | $ 722 | $ 1,586 | $ 1,623 | ||
Other comprehensive income (loss), net of tax: | ||||||
Unrealized losses arising during the period | (631) | (3,319) | (527) | (3,742) | ||
Amounts reclassified from accumulated other comprehensive income, before tax | (22) | [1],[2] | (38) | [1],[2] | (125) | |
Net unrealized losses | (631) | (3,341) | (565) | (3,867) | ||
Income tax effect | 215 | 1,136 | 193 | 1,315 | ||
Other comprehensive loss | (416) | (2,205) | (372) | (2,552) | ||
Total comprehensive income (loss) | $ 241 | $ (1,483) | $ 1,214 | $ (929) | ||
[1] | Income tax expense | |||||
[2] | Securities gain, net |
Condensed Consolidated Statemen
Condensed Consolidated Statements of Changes In Shareholders' Equity (Unaudited) $ in Thousands | USD ($)$ / shares |
Balance at beginning of period at Jun. 30, 2016 | $ 43,793 |
Net income | 1,623 |
Other comprehensive loss | (2,552) |
6,321 shares issued associated with stock awards during the six months ended December 31, 2017 | |
204 and 231 Dividend reinvestment plan shares associated with forfeited and expired restricted stock awards retired to treasury stock during the six months ended December 31, 2017 and 2016, respectively | |
Common cash dividends | (654) |
Balance at the end of the period at Dec. 31, 2016 | $ 42,210 |
Common cash dividends per share (in dollars per share) | $ / shares | $ 0.24 |
Balance at beginning of period at Sep. 30, 2016 | $ 44,020 |
Net income | 722 |
Other comprehensive loss | (2,205) |
6,321 shares issued associated with stock awards during the six months ended December 31, 2017 | |
204 and 231 Dividend reinvestment plan shares associated with forfeited and expired restricted stock awards retired to treasury stock during the six months ended December 31, 2017 and 2016, respectively | |
Common cash dividends | (327) |
Balance at the end of the period at Dec. 31, 2016 | $ 42,210 |
Common cash dividends per share (in dollars per share) | $ / shares | $ 0.12 |
Balance at beginning of period at Jun. 30, 2017 | $ 43,535 |
Net income | 1,586 |
Other comprehensive loss | (372) |
6,321 shares issued associated with stock awards during the six months ended December 31, 2017 | 90 |
204 and 231 Dividend reinvestment plan shares associated with forfeited and expired restricted stock awards retired to treasury stock during the six months ended December 31, 2017 and 2016, respectively | |
Common cash dividends | (668) |
Balance at the end of the period at Dec. 31, 2017 | $ 44,171 |
Common cash dividends per share (in dollars per share) | $ / shares | $ 0.245 |
Balance at beginning of period at Sep. 30, 2017 | $ 44,271 |
Net income | 657 |
Other comprehensive loss | (416) |
6,321 shares issued associated with stock awards during the six months ended December 31, 2017 | |
204 and 231 Dividend reinvestment plan shares associated with forfeited and expired restricted stock awards retired to treasury stock during the six months ended December 31, 2017 and 2016, respectively | |
Common cash dividends | (341) |
Balance at the end of the period at Dec. 31, 2017 | $ 44,171 |
Common cash dividends per share (in dollars per share) | $ / shares | $ 0.125 |
Condensed Consolidated Stateme7
Condensed Consolidated Statements of Changes In Shareholders' Equity (Unaudited) (Parentheticals) - shares shares in Thousands | 6 Months Ended | |
Dec. 31, 2017 | Dec. 31, 2016 | |
Shares associated with stock awards (in shares) | 6,321 | |
Dividend Reinvestment Plan and Restricted Award Forfeited and Expired (in shares) | 204 | 231 |
Condensed Consolidated Stateme8
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands | 6 Months Ended | |
Dec. 31, 2017 | Dec. 31, 2016 | |
Cash flows from operating activities | ||
Net cash from operating activities | $ 3,484 | $ 2,152 |
Cash flow from investing activities | ||
Purchases | (5,101) | (17,368) |
Maturities, calls and principal pay downs | 8,848 | 11,753 |
Proceeds from sales | 1,586 | 3,383 |
Purchases | (1,000) | |
Principal pay downs | 198 | 198 |
Net decrease in certificates of deposits in other financial institutions | 990 | |
Net increase in loans | (20,967) | (9,255) |
Purchase of Bank owned life insurance | (2,000) | |
Acquisition of premises and equipment | (129) | (252) |
Sale of other real estate owned | 71 | 7 |
Net cash from investing activities | (15,494) | (13,544) |
Cash flow from financing activities | ||
Net increase in deposit accounts | 8,518 | 8,797 |
Net change in short-term borrowings | (1,479) | 223 |
Proceeds from Federal Home Loan Bank advances | 5,400 | 18,325 |
Repayments of Federal Home Loan Bank advances | (532) | (14,630) |
Dividends paid | (668) | (654) |
Net cash from financing activities | 11,239 | 12,061 |
Increase (decrease) in cash or cash equivalents | (771) | 669 |
Cash and cash equivalents, beginning of period | 9,912 | 10,181 |
Cash and cash equivalents, end of period | 9,141 | 10,850 |
Supplemental disclosure of cash flow information: | ||
Interest | 709 | 484 |
Federal income taxes | 405 | 150 |
Non-cash items: | ||
Transfer from loans to other real estate owned | 57 | 10 |
Transfer from loans held for sale to portfolio | 172 | |
Issuance of treasury stock for stock awards | 90 | |
Expired and forfeited dividend reinvestment plan shares associated with restricted stock awards that were retired to treasury stock | $ 4 | $ 4 |
Note 1 - Summary of Significant
Note 1 - Summary of Significant Accounting Policies | 6 Months Ended |
Dec. 31, 2017 | |
Notes to Financial Statements | |
Organization, Consolidation and Presentation of Financial Statements Disclosure and Significant Accounting Policies [Text Block] | Note 1 – Summary of Significant Accounting Policies : Nature of Operations: Consumers Bancorp, Inc. (the Corporation) is a bank holding company headquartered in Minerva, Ohio that provides, through its banking subsidiary, Consumers National Bank (the Bank), a broad array of products and services throughout its 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. Basis of Presentation : The consolidated financial statements for interim periods are unaudited and reflect all adjustments (consisting of only normal recurring adjustments), which, in the opinion of management, are necessary to present fairly the financial position and results of operations and cash flows for the periods presented. The unaudited financial statements are presented in accordance with the requirements of Form 10 not 10 June 30, 2017. not may The consolidated financial statements include the accounts of the Corporation and the Ban k. All significant inter-company transactions and accounts have been eliminated in consolidation. Segment Information: The Corporation is a bank holding company engaged in the business of commercial and retail banking, which accounts for substantially all of the revenues, operating income, and assets. Accordingly, all of its operations are recorded in one Reclassifications: Certain items in prior financial statements have been reclassified to conform to the current presentation. Any reclassifications had no Recently Issued Accounting Pronouncements Not In May 2014, 2014 09, 606 606, December 15, 2017. 2014 09 not In January 2016, 2016 01, – Overall: Recognition and Measurement of Financial Assets and Financial Liabilities. The main provisions of ASU 2016 01 2016 01 December 15, 2017, 2016 01 not In June 2016, sued ASU 2016 13, 326 326 2016 13 2016 13 December 15, 2019. December 15, 2018, In February 2016, 2016 02 842 and obligations created by those leases. Additional qualitative and quantitative disclosures will be required so that users can understand more about the nature of an entity’s leasing activities. The new guidance is effective for annual reporting periods and interim reporting periods within those annual periods, beginning after December 15, 2018. |
Note 2 - Securities
Note 2 - Securities | 6 Months Ended |
Dec. 31, 2017 | |
Notes to Financial Statements | |
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block] | Note 2 – Securities Available –for-Sale Amortized Cost Gross Unrealized Gross Unrealized Fair Value December 31, 2017 Obligations of U.S. government-sponsored entities and agencies $ 13,752 $ 30 $ (146 ) $ 13,636 Obligations of state and political subdivisions 56,718 746 (283 ) 57,181 Mortgage-backed securities – residential 58,051 98 (631 ) 57,518 Mortgage-backed securities – commercial 1,446 — (10 ) 1,436 Collateralized mortgage obligations – residential 5,483 — (137 ) 5,346 Pooled trust preferred security 178 443 — 621 Total available-for-sale securities $ 135,628 $ 1,317 $ (1,207 ) $ 135,738 Held-to-Maturity Amortized Cost Gross Unrecognized Gross Unrecognized Losses Fair Value December 31, 2017 Obligations of state and political subdivisions $ 4,061 $ 22 $ — $ 4,083 Available –for-Sale Amortized Cost Gross Unrealized Gross Unrealized Fair Value 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 Mortgage-backed securities – residential 64,092 184 (438 ) 63,838 Mortgage-backed securities – commercial 1,459 — (1 ) 1,458 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 Cost Gross Unrecognized Gross Unrecognized Fair Value June 30, 2017 Obligations of state and political subdivisions $ 4,259 $ 73 $ (3 ) $ 4,329 Proceeds from the sale of available-for-sale securities were as follows: Three Months Ended December 31 Six Months Ended December 31, 2017 2016 2017 2016 Proceeds from sales $ — $ 1,594 $ 1,586 $ 3,383 Gross realized gains — 24 39 127 Gross r ealized losses — 2 1 2 The i ncome tax provision related to these net realized gains and losses amounted to $13 six December 31, 2017 $8 $43 three six December 31, 2016. The amortized cost and fair values of debt securities at December 31, 2017, may not Available-for-Sale Amortized Cost Estimated Fair Value Due in one year or less $ 2,170 $ 2,192 Due after one year through five years 18,053 18,167 Due after five years through ten years 28,838 28,992 Due after ten years 21,409 21,466 Total 70,470 70,817 U.S. Government-sponsored mortgage-backed and related securities 64,980 64,300 Pooled trust preferred security 178 621 Total available-for-sale securities $ 135,628 $ 135,738 Held-to-Maturity Due after five years through ten years 564 579 Due after ten years 3,497 3,504 Total held-to-maturity securities $ 4,061 $ 4,083 The following table summarizes the securities with unrealized losses at December 31, 2017 June 30, 2017, (Dollars in thousands, except per share amounts) Less than 12 Months 12 Months or mo re Total Available-for-sale Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss December 31, 2017 Obligations of US government-sponsored entities and agencies $ 9,901 $ (146 ) $ — $ — $ 9,901 $ (146 ) Obligations of states and political subdivisions 11,862 (93 ) 8,179 (190 ) 20,041 (283 ) Mortgage-backed securities - residential 27,316 (243 ) 22,415 (388 ) 49,731 (631 ) Mortgage-backed securities - commercial 1,435 (10 ) — — 1,435 (10 ) Collateralized mortgage obligations – residential — — 5,346 (137 ) 5,346 (137 ) Total temporarily impaired $ 50,514 $ (492 ) $ 35,940 $ (715 ) $ 86,454 $ (1,207 ) Less than 12 Months 12 Months or more Total Available-for-sale Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss 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 ) Collateral mortgage obligation - residential 5,417 (88 ) 654 (12 ) 6,071 (100 ) Total temporarily impaired $ 67,163 $ (795 ) $ 4,293 $ (72 ) $ 71,456 $ (867 ) Management evaluates securities for other-than-temporary impairme nt (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 the length of time and the extent to which the fair value has been less than cost, ( 2 3 4 not The unrealized losses within the securities portfolio as of December 31, 2017 not not not not not |
Note 3 - Loans
Note 3 - Loans | 6 Months Ended |
Dec. 31, 2017 | |
Notes to Financial Statements | |
Loans, Notes, Trade and Other Receivables Disclosure [Text Block] | Note 3 – Loans Major classifications of loans were as follows: December 31 , 2017 June 30, 2017 Commercial $ 49,561 $ 46,336 Commercial real estate: Construction 5,936 5,588 Other 169,692 157,861 1 – 4 Family residential real estate: Owner occupied 45,351 41,581 Non-owner occupied 16,163 14,377 Construction 1,931 1,993 Consumer 4,960 5,131 Subtotal 293,594 272,867 Allowance for loan losses (3,225 ) (3,086 ) Net Loans $ 290,369 $ 269,781 Loans presented above are net of deferred loan fees and costs of $ 313 $294 December 31, 2017 June 30, 2017, The following table presents the activity in the allowance for loan losses by portfolio segment for the three December 31, 2017: 1-4 Family Commercial Residential Real Real Commercial Estate Estate Consumer Total Allowance for loan losses: Beginning balance $ 572 $ 2,081 $ 473 $ 68 $ 3,194 Provision for loan losses (17 ) 57 20 — 60 Loans charged-off — — (33 ) (5 ) (38 ) Recoveries — 6 1 2 9 Total ending allowance balance $ 555 $ 2,144 $ 461 $ 65 $ 3,225 The following table presents the activity in the allowance for loan losses by portfolio segment for the six December 31, 2017: 1-4 Family Commercial Residential Real Real Commercial Estate Estate Consumer Total Allowance for loan losses: Beginning balance $ 518 $ 2,038 $ 473 $ 57 $ 3,086 Provision for loan losses 35 82 20 13 150 Loans charged-off — — (33 ) (8 ) (41 ) Recoveries 2 24 1 3 30 Total ending allowance balance $ 555 $ 2,144 $ 461 $ 65 $ 3,225 The following table presents the activity in the allowance for loan losses by portfolio segment for the three December 31, 2016: 1-4 Family Commercial Residential Real Real Commercial Estate Estate Consumer Total Allowance for loan losses: Beginning balance $ 510 $ 2,643 $ 411 $ 120 $ 3,684 Provision for loan losses (14 ) 157 51 (54 ) 140 Loans charged-off — (700 ) (23 ) (8 ) (731 ) Recoveries 1 — 26 3 30 Total ending allowance balance $ 497 $ 2,100 $ 465 $ 61 $ 3,123 The following table presents the activity in the allowance for loan losses by portfolio segment for the six December 31, 2016: 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 (9 ) 282 78 (75 ) 276 Loans charged-off — (700 ) (44 ) (12 ) (756 ) Recoveries 1 — 29 7 37 Total ending allowance balance $ 497 $ 2,100 $ 465 $ 61 $ 3,123 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 December 31, 2017. $695 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 $ — $ 30 $ — $ — $ 30 Collectively evaluated for impairment 555 2,114 461 65 3,195 Total ending allowance balance $ 555 $ 2,144 $ 461 $ 65 $ 3,225 Recorded investment in loans: Loans individually evaluated for impairment $ 122 $ 1,303 $ 340 $ — $ 1,765 Loans collectively evaluated for impairment 49,553 174,707 63,293 4,971 292,524 Total ending loans balance $ 49,675 $ 176,010 $ 63,633 $ 4,971 $ 294,289 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 st receivable. 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 information related to unpaid principal balance, recorded investment and interest income associated with loans individually evaluated for impairment by class of loans as of December 31, 2017 six December 31, 2017: As of December 31, 2017 Six Months ended December 31, 2017 Unpaid Allowance for Loan Average Interest Cash Basis Principal Recorded Losses Recorded Income Interest Balance Investment Allocated Investment Recognized Recognized With no related allowance recorded: Commercial $ 122 $ 122 $ — $ 117 $ 3 $ 3 Commercial real estate: Other 973 976 — 1,057 16 16 1-4 Family residential real estate: Owner occupied 25 25 — 80 — — Non-owner occupied 315 315 — 322 — — With an allowance recorded: Commercial real estate: Other 327 327 30 337 5 5 Total $ 1,762 $ 1,765 $ 30 $ 1,913 $ 24 $ 24 The following table presents information related to average recorded investment and interest income associated with loans individually evaluated for impairment by class of loans for the three December 31, 2017: Average Interest Cash Basis Recorded Income Interest Investment Recognized Recognized With no related allowance recorded: Commercial $ 120 $ 1 $ 1 Commercial real estate: Other 1,061 6 6 1-4 Family residential real estate: Owner occupied 318 — — Non-owner occupied 58 — — With an allowance recorded: Commercial real estate: Other 330 5 5 Total $ 1,887 $ 12 $ 12 The following table presents information related to unpaid principal balance, recorded investment and interest income associated with loans individually evaluated for impairment by class of loans as of June 30, 2017 six December 31, 2016: As of June 30, 2017 Six Months ended December 31, 2016 Unpaid Allowance for Loan Average Interest Cash Basis Principal Recorded Losses Recorded Income Interest Balance Investment Allocated Investment Recognized Recognized With no related allowance recorded: Commercial $ 482 $ 444 $ — $ 330 $ 80 $ 80 Commercial real estate: Construction — — — 170 6 6 Other 1,928 1,039 — 1,081 105 105 1-4 Family residential real estate: Owner occupied 104 103 — 127 — — Non-owner occupied — — — 205 — — With an allowance recorded: Commercial — — — 7 — — Commercial real estate: Other 548 548 42 2,030 15 15 1-4 Family residential real estate: Owner occupied 99 100 2 139 3 3 Total $ 3,161 $ 2,234 $ 44 $ 4,089 $ 209 $ 209 The following table presents information related to average recorded investment and interest income associated with loans individually evaluated for impairment by class of loans for the three onths ended December 31, 2016: Average Interest Cash Basis Recorded Income Interest Investment Recognized Recognized With no related allowance recorded: Commercial real estate: Construction $ 10 $ — $ — Other 607 — — 1-4 Family residential real estate: Owner occupied 127 — — Non-owner occupied 202 — — With an allowance recorded: Commercial 14 — — Commercial real estate: Other 1,612 7 7 1-4 Family residential real estate: Owner occupied 101 1 1 Total $ 2,673 $ 8 $ 8 The foll owing table presents the recorded investment in non-accrual and loans past due over 90 December 31, 2017 June 30, 2017: December 31, 2017 June 30, 2017 Loans Past Due Loans Past Due Over 90 Days Over 90 Days Still Still Non-accrual Accruing Non-accrual Accruing Commercia l $ — $ — $ 368 $ — Commercial real estate: Other 537 — 729 — 1 – 4 Family residential: Owner occupied 13 — 90 — Non-owner occupied 315 — — — Total $ 865 $ — $ 1,187 $ — Non-accrual loans and loans past due 90 The following table presents the aging of the recorded investment in past due loans as of December 31, 2017 Days Past Due 30 - 59 60 - 89 90 Days or Total Loans Not Day s Days Greater Past Due Past Due Total Commercial $ — $ — $ — $ — $ 49,675 $ 49,675 Commercial real estate: Construction — — — — 5,943 5,943 Other 230 — — 230 169,837 170,067 1-4 Family residential: Owner occupied 12 — — 12 45,477 45,489 Non-owner occupied — — — — 16,210 16,210 Construction — — — — 1,934 1,934 Consumer 4 2 — 6 4,965 4,971 Total $ 246 $ 2 $ — $ 248 $ 294,041 $ 294,289 The above table of past due loans includes the recorded investment in non-accrual loans of $865 not 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 Troubled Debt Restructurings: As of December 31, 2017, $1,582 $30 December 31, 2017, $192 June 30, 2017, $1,740 $33 June 30, 2017, $175 During the three and six December 31, 2017 2016 , there were no no three six December 31, 2017 2016. The re were no 12 three six December 31, 2017 2016. 90 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: curren t financial information, historical payment experience, credit documentation, public information, current economic trends and other relevant information. 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. Loans classified as special mention have a potential weakness that deserves management’s close attention. If left uncorrected, these potential weaknesses may Substandard. Loans classified as substandard are inadequately protected by the current net worth and paying capacity of the obligor or of the collateral pledged, if any. Loans so classified have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that the institution will sustain some loss if the deficiencies are not Doubtful. Loans classified as doubtful have all the weaknesses inherent in those classified as substandard, with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions, and values, highly questionable and improbable. Loans not not her less than $100 As of December 31, 2017 Special Not Pass Mention Substandard Doubtful Rated Commercial $ 48,091 $ 883 $ 339 $ — $ 362 Commercial real estate: Construction 5,941 — 2 — — Other 156,415 10,365 1,772 537 978 1-4 Family residential real estate: Owner occupied 2,661 58 14 13 42,743 Non-owner occupied 14,669 203 433 315 590 Construction 765 — — — 1,169 Consumer 119 — — — 4,852 Total $ 228,661 $ 11,509 $ 2,560 $ 865 $ 50,694 As of June 30, 2017 Special Not Pass Mention Substandard Doubtful Rated Commercial $ 44,435 $ 907 $ 642 $ — $ 453 Commercial real estate: Constructio n 4,514 1,035 — 4 43 Other 150,460 5,110 1,566 470 561 1-4 Family residential real estate: Owner occup ied 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 |
Note 4 - Fair Value
Note 4 - Fair Value | 6 Months Ended |
Dec. 31, 2017 | |
Notes to Financial Statements | |
Fair Value Disclosures [Text Block] | Note 4 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 meas urement date. There are three may Level 1: Leve l 2: 1 not Level 3: ’s own assumptions about the assumptions that market participants would use in pricing an asset or liability. Financial assets and financial liabilities measured at fair value on a recurrin g basis include the following: Securities available-for-sale: When available, the fair values of available-for-sale securities are determined by obtaining quoted prices on nationally recognized securities exchanges (Level 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 me asure fair value: Fair Value Measurements at December 31 , 2017 Using Balance at December 31 , 2017 Level 1 Level 2 Level 3 Assets: Obligations of U.S. government-sponsored entities and agencies $ 13,636 $ — $ 13,636 $ — Obligations of states and political subdivisions 57,181 — 57,181 — Mortgage-backed securities – residential 57,518 — 57,518 — Mortgage-backed securities – commercial 1,436 — 1,436 — Collateralized mortgage obligations - residential 5,346 — 5,346 — Pooled trust preferred security 621 — 621 — Fair Value Measurements at June 30, 2017 Using Balance at June 30, 2017 Level 1 Level 2 Level 3 Assets: Obligations of U.S. government-sponsored entities and agencies $ 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 - residential 6,211 — 6,211 — Pooled trust preferred security 532 — 532 — There were no 1 2 three or six December 31, 2017 2016. Certain financial assets and financial liabilities are measured at fair value on a non-recurring basis; that is, the instruments are not Impaired Loans: At the time a loan is considered impaired, it is valued at the lower of cost or fair value. Impaired loans carried at fair value generally receive specific allocations of the allowance for loan losses or are charged down to their fair value. For collateral dependent loans, fair value is commonly based on recent real estate appraisals. These appraisals may 3 Other Real Estate Owned: Assets acquired through or instead of loan foreclosure are initially recorded at fair value less costs to sell when acquired, establishing a new cost basis. These assets are subsequently accounted for at lower of cost or fair value less estimated costs to sell. Real estate owned properties are evaluated on a quarterly basis for additional impairment and adjusted accordingly. There were no December 31, 2017. June 30, 2017 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 There were no December 31, 2017 no three December 31, 2017. $17 six December 31, 2017. $130, no June 30, 2017. $87 $47 three six December 31, 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. no December 31, 2017. The following tables present quantitative information about Level 3 June 30, 2017: June 30, 2017 Fair Value Valuation Technique Unobservable Inputs Range Weighted Average Impaired loans: Commercial Real Estate – Other $ 130 Bid Indications N/A 0.0 % 0.0 % Other Real Estate Owned: 1-4 Family residential real estate $ 71 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: December 31, 2017 June 30, 2017 Carrying Amount Estimated Fair Carrying Amount Estimated Fair Financi al Assets: Level 1 inputs: Cash and cash equivalents $ 9,141 $ 9,141 $ 9,912 $ 9,912 Level 2 inputs: Certificates of deposits in other financial institutions 3,921 3,924 3,921 3,927 Loans held for sale 814 833 1,252 1,286 Accrued interest receivable 1,310 1,310 1,212 1,212 Level 3 inputs: Securities held-to-maturity 4,061 4,083 4,259 4,329 Loans, net 290,369 284,618 269,781 266,041 Financial Liabilities: Level 2 inputs: Demand and savings deposits 316,218 316,218 307,960 307,960 Time deposits 66,771 66,676 66,511 66,535 Short-term borrowings 22,507 22,507 23,986 23,986 Federal Home Loan Bank advances 17,188 16,796 12,320 12,054 Accrued interest payable 74 74 40 40 The assumptions used to estimate fair value are described as follows: Cash and cash equivalents: The carrying value of cash, deposits in other financial institutions and federal funds sold were considered to approximate fair value resulting in a Level 1 Certificates of deposits in other financial institutions : Fair value of certificates of deposits in other financial institutions was estimated using current rates for deposits of similar remaining maturities resulting in a Level 2 Accrued interest receivable and payable, demand and savings deposits and short-term bor rowings : The carrying value of accrued interest receivable and payable, demand and savings deposits and short-term borrowings were considered to approximate fair value due to their short-term duration resulting in a Level 2 Loans held for sale: The fair value of loans held for sale is estimated based upon binding contracts and quotes from third 2 Loans: Fair value for loans was estimated for portfolios of loans with similar financial characteristics. For adjustable rate loans that reprice at least annually and for fixed rate commercial loans with maturities of six 3 not Securities held-to-maturity: The held-to-maturity securities are general obligation and revenue bonds made to local municipalities. The fair values of these securities are estimated using a spread to the applicable municipal fair market curve resulting in a Level 3 Time deposits: Fair value of fixed-maturity certificates of deposit was estimated using the rates offered at December 31, 2017 June 30, 2017, 2 not Federal Home Loan Bank advances: Fair value of Federal Home Loan Bank advances was estimated using current rates at December 31, 2017 June 30, 2017 2 Federal bank and other restricted stocks, at cost: Federal bank and other restricted stocks include stock acquired for regulatory purposes, such as Federal Home Loan Bank stock and Federal Reserve Bank stock that are accounted for at cost due to restrictions placed on their transferability; and therefore, are not Off-balance sheet commitments: The Corporation’s lending commitments have variable interest rates and “escape” clauses if the customer’s credit quality deteriorates. Therefore, the fair values of these items are not not |
Note 5 - Earnings Per Share
Note 5 - Earnings Per Share | 6 Months Ended |
Dec. 31, 2017 | |
Notes to Financial Statements | |
Earnings Per Share [Text Block] | 5 – Earnings Per Share 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 2,062 three six December 31, 2017. no three six December 31, 2016. For the Three Months Ended December 31, For the Six Months Ended December 31, 2017 2016 2017 2016 Basic: Net income available to common shareholders $ 657 $ 722 $ 1,586 $ 1,623 Weighted average common shares outstanding 2,727,666 2,724,061 2,725,859 2,723,988 Basic income per share $ 0.24 $ 0.27 $ 0.58 $ 0.60 Diluted: Net income available to common shareholders $ 657 $ 722 $ 1,586 $ 1,623 Weighted average common shares outstanding 2,727,666 2,724,061 2,725,859 2,723,988 Dilutive effect of restricted stock — 19 — 13 Total common shares and dilutive potential common shares 2,727,666 2,724,080 2,725,859 2,724,001 Dilutive income per share $ 0.24 $ 0.27 $ 0.58 $ 0.60 |
Note 6 - Accumulated Other Comp
Note 6 - Accumulated Other Comprehensive Income | 6 Months Ended |
Dec. 31, 2017 | |
Notes to Financial Statements | |
Comprehensive Income (Loss) Note [Text Block] | Note 6 –Accumulated Other Comprehensive Income The components of other comprehensive income related to unrealized gains and losses on available-for-sale securities for the three six December 31, 2017 2016, Pretax Tax Effect After-tax Affected Line Item in Consolidated Statements of Income Balance as of September 3 0, 2017 $ 741 $ (252 ) $ 489 Unrealized holding loss on available-for-sale securities arising during the period (631 ) 215 (416 ) Balance as of December 31, 2017 $ 110 $ (37 ) $ 73 Balance as of September 3 0, 2016 $ 3,095 $ (1,053 ) $ 2,042 Unrealized holding loss on available-for-sale securities arising during the period (3,319 ) 1,128 (2,191 ) Amounts reclassified from accumulated other comprehensive income (22 ) 8 (14 ) (a)(b) Net current period other comprehensive loss (3,341 ) 1,136 (2,205 ) Bala nce as of December 31, 2016 $ (246 ) $ 83 $ (163 ) (a ) Securities gains, net (b) Income tax expense Pretax Tax Effect After-tax Affected Line Item in Consolidated Statements of Income Balance as of June 30, 2017 $ 675 $ (230 ) $ 445 Unrealized holding loss on available-for-sale securities arising during the period (527 ) 180 (347 ) Amounts reclassified from accumulated other comprehensive income (38 ) 13 (25 ) (a)(b) Net cur rent period other comprehensive loss (565 ) 193 (372 ) Balance as of December 31, 2017 $ 110 $ (37 ) $ 73 Balance as of June 30, 2016 $ 3,621 $ (1,232 ) $ 2,389 Unrealized holding loss on available-for-sale securities arising during the period (3,742 ) 1,272 (2,470 ) Amounts reclassified from accumulated other comprehensive income (125 ) 43 (82 ) (a)(b) Net curren t period other comprehensive loss (3,867 ) 1,315 (2,552 ) Balance as of December 31, 2016 $ (246 ) $ 83 $ (163 ) (a) Secu rities gains, net (b) Income tax expense |
Note 7 - Income Taxes
Note 7 - Income Taxes | 6 Months Ended |
Dec. 31, 2017 | |
Notes to Financial Statements | |
Income Tax Disclosure [Text Block] | Note 7 – Income Taxes On December 22, 2017, Tax Act). The Tax Act significantly revises the future ongoing U.S. corporate income tax by, among other things, decreasing U.S. corporate income tax rates to 21.0% 35.0%. June 30 27.55% June 30, 2018, 21.0% 21.0%. As a result of the new legislation, during the quarter ended December 31, 2017, one 348 27.55% December 31, 2017 34.0% $95. 42.7% 31.7% three six December 31, 2017, 16.7% 19.7% three six December 31, 2016, The changes included in the T ax Act are broad and complex. The final transition impacts of the Tax Act may . |
Significant Accounting Policies
Significant Accounting Policies (Policies) | 6 Months Ended |
Dec. 31, 2017 | |
Accounting Policies [Abstract] | |
Nature of Operations [Policy Text Block] | Nature of Operations: Consumers Bancorp, Inc. (the Corporation) is a bank holding company headquartered in Minerva, Ohio that provides, through its banking subsidiary, Consumers National Bank (the Bank), a broad array of products and services throughout its 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. |
Basis of Accounting, Policy [Policy Text Block] | Basis of Presentation : The consolidated financial statements for interim periods are unaudited and reflect all adjustments (consisting of only normal recurring adjustments), which, in the opinion of management, are necessary to present fairly the financial position and results of operations and cash flows for the periods presented. The unaudited financial statements are presented in accordance with the requirements of Form 10 not 10 June 30, 2017. not may The consolidated financial statements include the accounts of the Corporation and the Ban k. All significant inter-company transactions and accounts have been eliminated in consolidation. |
Segment Reporting, Policy [Policy Text Block] | Segment Information: The Corporation is a bank holding company engaged in the business of commercial and retail banking, which accounts for substantially all of the revenues, operating income, and assets. Accordingly, all of its operations are recorded in one |
Reclassification, Policy [Policy Text Block] | Reclassifications: Certain items in prior financial statements have been reclassified to conform to the current presentation. Any reclassifications had no |
New Accounting Pronouncements, Policy [Policy Text Block] | Recently Issued Accounting Pronouncements Not In May 2014, 2014 09, 606 606, December 15, 2017. 2014 09 not In January 2016, 2016 01, – Overall: Recognition and Measurement of Financial Assets and Financial Liabilities. The main provisions of ASU 2016 01 2016 01 December 15, 2017, 2016 01 not In June 2016, sued ASU 2016 13, 326 326 2016 13 2016 13 December 15, 2019. December 15, 2018, In February 2016, 2016 02 842 and obligations created by those leases. Additional qualitative and quantitative disclosures will be required so that users can understand more about the nature of an entity’s leasing activities. The new guidance is effective for annual reporting periods and interim reporting periods within those annual periods, beginning after December 15, 2018. |
Note 2 - Securities (Tables)
Note 2 - Securities (Tables) | 6 Months Ended |
Dec. 31, 2017 | |
Notes Tables | |
Marketable Securities [Table Text Block] | Available –for-Sale Amortized Cost Gross Unrealized Gross Unrealized Fair Value December 31, 2017 Obligations of U.S. government-sponsored entities and agencies $ 13,752 $ 30 $ (146 ) $ 13,636 Obligations of state and political subdivisions 56,718 746 (283 ) 57,181 Mortgage-backed securities – residential 58,051 98 (631 ) 57,518 Mortgage-backed securities – commercial 1,446 — (10 ) 1,436 Collateralized mortgage obligations – residential 5,483 — (137 ) 5,346 Pooled trust preferred security 178 443 — 621 Total available-for-sale securities $ 135,628 $ 1,317 $ (1,207 ) $ 135,738 Held-to-Maturity Amortized Cost Gross Unrecognized Gross Unrecognized Losses Fair Value December 31, 2017 Obligations of state and political subdivisions $ 4,061 $ 22 $ — $ 4,083 Available –for-Sale Amortized Cost Gross Unrealized Gross Unrealized Fair Value 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 Mortgage-backed securities – residential 64,092 184 (438 ) 63,838 Mortgage-backed securities – commercial 1,459 — (1 ) 1,458 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 Cost Gross Unrecognized Gross Unrecognized Fair Value June 30, 2017 Obligations of state and political subdivisions $ 4,259 $ 73 $ (3 ) $ 4,329 |
Schedule of Realized Gain (Loss) [Table Text Block] | Three Months Ended December 31 Six Months Ended December 31, 2017 2016 2017 2016 Proceeds from sales $ — $ 1,594 $ 1,586 $ 3,383 Gross realized gains — 24 39 127 Gross r ealized losses — 2 1 2 |
Investments Classified by Contractual Maturity Date [Table Text Block] | Available-for-Sale Amortized Cost Estimated Fair Value Due in one year or less $ 2,170 $ 2,192 Due after one year through five years 18,053 18,167 Due after five years through ten years 28,838 28,992 Due after ten years 21,409 21,466 Total 70,470 70,817 U.S. Government-sponsored mortgage-backed and related securities 64,980 64,300 Pooled trust preferred security 178 621 Total available-for-sale securities $ 135,628 $ 135,738 Held-to-Maturity Due after five years through ten years 564 579 Due after ten years 3,497 3,504 Total held-to-maturity securities $ 4,061 $ 4,083 |
Schedule of Unrealized Loss on Investments [Table Text Block] | Less than 12 Months 12 Months or mo re Total Available-for-sale Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss December 31, 2017 Obligations of US government-sponsored entities and agencies $ 9,901 $ (146 ) $ — $ — $ 9,901 $ (146 ) Obligations of states and political subdivisions 11,862 (93 ) 8,179 (190 ) 20,041 (283 ) Mortgage-backed securities - residential 27,316 (243 ) 22,415 (388 ) 49,731 (631 ) Mortgage-backed securities - commercial 1,435 (10 ) — — 1,435 (10 ) Collateralized mortgage obligations – residential — — 5,346 (137 ) 5,346 (137 ) Total temporarily impaired $ 50,514 $ (492 ) $ 35,940 $ (715 ) $ 86,454 $ (1,207 ) Less than 12 Months 12 Months or more Total Available-for-sale Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss 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 ) Collateral mortgage obligation - residential 5,417 (88 ) 654 (12 ) 6,071 (100 ) Total temporarily impaired $ 67,163 $ (795 ) $ 4,293 $ (72 ) $ 71,456 $ (867 ) |
Note 3 - Loans (Tables)
Note 3 - Loans (Tables) | 6 Months Ended |
Dec. 31, 2017 | |
Notes Tables | |
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] | December 31 , 2017 June 30, 2017 Commercial $ 49,561 $ 46,336 Commercial real estate: Construction 5,936 5,588 Other 169,692 157,861 1 – 4 Family residential real estate: Owner occupied 45,351 41,581 Non-owner occupied 16,163 14,377 Construction 1,931 1,993 Consumer 4,960 5,131 Subtotal 293,594 272,867 Allowance for loan losses (3,225 ) (3,086 ) Net Loans $ 290,369 $ 269,781 |
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 $ 572 $ 2,081 $ 473 $ 68 $ 3,194 Provision for loan losses (17 ) 57 20 — 60 Loans charged-off — — (33 ) (5 ) (38 ) Recoveries — 6 1 2 9 Total ending allowance balance $ 555 $ 2,144 $ 461 $ 65 $ 3,225 1-4 Family Commercial Residential Real Real Commercial Estate Estate Consumer Total Allowance for loan losses: Beginning balance $ 518 $ 2,038 $ 473 $ 57 $ 3,086 Provision for loan losses 35 82 20 13 150 Loans charged-off — — (33 ) (8 ) (41 ) Recoveries 2 24 1 3 30 Total ending allowance balance $ 555 $ 2,144 $ 461 $ 65 $ 3,225 1-4 Family Commercial Residential Real Real Commercial Estate Estate Consumer Total Allowance for loan losses: Beginning balance $ 510 $ 2,643 $ 411 $ 120 $ 3,684 Provision for loan losses (14 ) 157 51 (54 ) 140 Loans charged-off — (700 ) (23 ) (8 ) (731 ) Recoveries 1 — 26 3 30 Total ending allowance balance $ 497 $ 2,100 $ 465 $ 61 $ 3,123 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 (9 ) 282 78 (75 ) 276 Loans charged-off — (700 ) (44 ) (12 ) (756 ) Recoveries 1 — 29 7 37 Total ending allowance balance $ 497 $ 2,100 $ 465 $ 61 $ 3,123 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 $ — $ 30 $ — $ — $ 30 Collectively evaluated for impairment 555 2,114 461 65 3,195 Total ending allowance balance $ 555 $ 2,144 $ 461 $ 65 $ 3,225 Recorded investment in loans: Loans individually evaluated for impairment $ 122 $ 1,303 $ 340 $ — $ 1,765 Loans collectively evaluated for impairment 49,553 174,707 63,293 4,971 292,524 Total ending loans balance $ 49,675 $ 176,010 $ 63,633 $ 4,971 $ 294,289 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 |
Impaired Financing Receivables [Table Text Block] | As of December 31, 2017 Six Months ended December 31, 2017 Unpaid Allowance for Loan Average Interest Cash Basis Principal Recorded Losses Recorded Income Interest Balance Investment Allocated Investment Recognized Recognized With no related allowance recorded: Commercial $ 122 $ 122 $ — $ 117 $ 3 $ 3 Commercial real estate: Other 973 976 — 1,057 16 16 1-4 Family residential real estate: Owner occupied 25 25 — 80 — — Non-owner occupied 315 315 — 322 — — With an allowance recorded: Commercial real estate: Other 327 327 30 337 5 5 Total $ 1,762 $ 1,765 $ 30 $ 1,913 $ 24 $ 24 Average Interest Cash Basis Recorded Income Interest Investment Recognized Recognized With no related allowance recorded: Commercial $ 120 $ 1 $ 1 Commercial real estate: Other 1,061 6 6 1-4 Family residential real estate: Owner occupied 318 — — Non-owner occupied 58 — — With an allowance recorded: Commercial real estate: Other 330 5 5 Total $ 1,887 $ 12 $ 12 As of June 30, 2017 Six Months ended December 31, 2016 Unpaid Allowance for Loan Average Interest Cash Basis Principal Recorded Losses Recorded Income Interest Balance Investment Allocated Investment Recognized Recognized With no related allowance recorded: Commercial $ 482 $ 444 $ — $ 330 $ 80 $ 80 Commercial real estate: Construction — — — 170 6 6 Other 1,928 1,039 — 1,081 105 105 1-4 Family residential real estate: Owner occupied 104 103 — 127 — — Non-owner occupied — — — 205 — — With an allowance recorded: Commercial — — — 7 — — Commercial real estate: Other 548 548 42 2,030 15 15 1-4 Family residential real estate: Owner occupied 99 100 2 139 3 3 Total $ 3,161 $ 2,234 $ 44 $ 4,089 $ 209 $ 209 Average Interest Cash Basis Recorded Income Interest Investment Recognized Recognized With no related allowance recorded: Commercial real estate: Construction $ 10 $ — $ — Other 607 — — 1-4 Family residential real estate: Owner occupied 127 — — Non-owner occupied 202 — — With an allowance recorded: Commercial 14 — — Commercial real estate: Other 1,612 7 7 1-4 Family residential real estate: Owner occupied 101 1 1 Total $ 2,673 $ 8 $ 8 |
Past Due Financing Receivables [Table Text Block] | December 31, 2017 June 30, 2017 Loans Past Due Loans Past Due Over 90 Days Over 90 Days Still Still Non-accrual Accruing Non-accrual Accruing Commercia l $ — $ — $ 368 $ — Commercial real estate: Other 537 — 729 — 1 – 4 Family residential: Owner occupied 13 — 90 — Non-owner occupied 315 — — — Total $ 865 $ — $ 1,187 $ — Days Past Due 30 - 59 60 - 89 90 Days or Total Loans Not Day s Days Greater Past Due Past Due Total Commercial $ — $ — $ — $ — $ 49,675 $ 49,675 Commercial real estate: Construction — — — — 5,943 5,943 Other 230 — — 230 169,837 170,067 1-4 Family residential: Owner occupied 12 — — 12 45,477 45,489 Non-owner occupied — — — — 16,210 16,210 Construction — — — — 1,934 1,934 Consumer 4 2 — 6 4,965 4,971 Total $ 246 $ 2 $ — $ 248 $ 294,041 $ 294,289 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 |
Financing Receivable Credit Quality Indicators [Table Text Block] | As of December 31, 2017 Special Not Pass Mention Substandard Doubtful Rated Commercial $ 48,091 $ 883 $ 339 $ — $ 362 Commercial real estate: Construction 5,941 — 2 — — Other 156,415 10,365 1,772 537 978 1-4 Family residential real estate: Owner occupied 2,661 58 14 13 42,743 Non-owner occupied 14,669 203 433 315 590 Construction 765 — — — 1,169 Consumer 119 — — — 4,852 Total $ 228,661 $ 11,509 $ 2,560 $ 865 $ 50,694 As of June 30, 2017 Special Not Pass Mention Substandard Doubtful Rated Commercial $ 44,435 $ 907 $ 642 $ — $ 453 Commercial real estate: Constructio n 4,514 1,035 — 4 43 Other 150,460 5,110 1,566 470 561 1-4 Family residential real estate: Owner occup ied 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 |
Note 4 - Fair Value (Tables)
Note 4 - Fair Value (Tables) | 6 Months Ended |
Dec. 31, 2017 | |
Notes Tables | |
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block] | Fair Value Measurements at December 31 , 2017 Using Balance at December 31 , 2017 Level 1 Level 2 Level 3 Assets: Obligations of U.S. government-sponsored entities and agencies $ 13,636 $ — $ 13,636 $ — Obligations of states and political subdivisions 57,181 — 57,181 — Mortgage-backed securities – residential 57,518 — 57,518 — Mortgage-backed securities – commercial 1,436 — 1,436 — Collateralized mortgage obligations - residential 5,346 — 5,346 — Pooled trust preferred security 621 — 621 — Fair Value Measurements at June 30, 2017 Using Balance at June 30, 2017 Level 1 Level 2 Level 3 Assets: Obligations of U.S. government-sponsored entities and agencies $ 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 - residential 6,211 — 6,211 — Pooled trust preferred security 532 — 532 — |
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, Recurring and Nonrecurring, Valuation Techniques [Table Text Block] | June 30, 2017 Fair Value Valuation Technique Unobservable Inputs Range Weighted Average Impaired loans: Commercial Real Estate – Other $ 130 Bid Indications N/A 0.0 % 0.0 % Other Real Estate Owned: 1-4 Family residential real estate $ 71 Bid Indications N/A 0.0 % 0.0 % |
Fair Value, by Balance Sheet Grouping [Table Text Block] | December 31, 2017 June 30, 2017 Carrying Amount Estimated Fair Carrying Amount Estimated Fair Financi al Assets: Level 1 inputs: Cash and cash equivalents $ 9,141 $ 9,141 $ 9,912 $ 9,912 Level 2 inputs: Certificates of deposits in other financial institutions 3,921 3,924 3,921 3,927 Loans held for sale 814 833 1,252 1,286 Accrued interest receivable 1,310 1,310 1,212 1,212 Level 3 inputs: Securities held-to-maturity 4,061 4,083 4,259 4,329 Loans, net 290,369 284,618 269,781 266,041 Financial Liabilities: Level 2 inputs: Demand and savings deposits 316,218 316,218 307,960 307,960 Time deposits 66,771 66,676 66,511 66,535 Short-term borrowings 22,507 22,507 23,986 23,986 Federal Home Loan Bank advances 17,188 16,796 12,320 12,054 Accrued interest payable 74 74 40 40 |
Note 5 - Earnings Per Share (Ta
Note 5 - Earnings Per Share (Tables) | 6 Months Ended |
Dec. 31, 2017 | |
Notes Tables | |
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | For the Three Months Ended December 31, For the Six Months Ended December 31, 2017 2016 2017 2016 Basic: Net income available to common shareholders $ 657 $ 722 $ 1,586 $ 1,623 Weighted average common shares outstanding 2,727,666 2,724,061 2,725,859 2,723,988 Basic income per share $ 0.24 $ 0.27 $ 0.58 $ 0.60 Diluted: Net income available to common shareholders $ 657 $ 722 $ 1,586 $ 1,623 Weighted average common shares outstanding 2,727,666 2,724,061 2,725,859 2,723,988 Dilutive effect of restricted stock — 19 — 13 Total common shares and dilutive potential common shares 2,727,666 2,724,080 2,725,859 2,724,001 Dilutive income per share $ 0.24 $ 0.27 $ 0.58 $ 0.60 |
Note 6 - Accumulated Other Co21
Note 6 - Accumulated Other Comprehensive Income (Tables) | 6 Months Ended |
Dec. 31, 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 September 3 0, 2017 $ 741 $ (252 ) $ 489 Unrealized holding loss on available-for-sale securities arising during the period (631 ) 215 (416 ) Balance as of December 31, 2017 $ 110 $ (37 ) $ 73 Balance as of September 3 0, 2016 $ 3,095 $ (1,053 ) $ 2,042 Unrealized holding loss on available-for-sale securities arising during the period (3,319 ) 1,128 (2,191 ) Amounts reclassified from accumulated other comprehensive income (22 ) 8 (14 ) (a)(b) Net current period other comprehensive loss (3,341 ) 1,136 (2,205 ) Bala nce as of December 31, 2016 $ (246 ) $ 83 $ (163 ) Pretax Tax Effect After-tax Affected Line Item in Consolidated Statements of Income Balance as of June 30, 2017 $ 675 $ (230 ) $ 445 Unrealized holding loss on available-for-sale securities arising during the period (527 ) 180 (347 ) Amounts reclassified from accumulated other comprehensive income (38 ) 13 (25 ) (a)(b) Net cur rent period other comprehensive loss (565 ) 193 (372 ) Balance as of December 31, 2017 $ 110 $ (37 ) $ 73 Balance as of June 30, 2016 $ 3,621 $ (1,232 ) $ 2,389 Unrealized holding loss on available-for-sale securities arising during the period (3,742 ) 1,272 (2,470 ) Amounts reclassified from accumulated other comprehensive income (125 ) 43 (82 ) (a)(b) Net curren t period other comprehensive loss (3,867 ) 1,315 (2,552 ) Balance as of December 31, 2016 $ (246 ) $ 83 $ (163 ) |
Note 1 - Summary of Significa22
Note 1 - Summary of Significant Accounting Policies (Details Textual) | 6 Months Ended |
Dec. 31, 2017 | |
Number of Reportable Segments | 1 |
Note 2 - Securities (Details Te
Note 2 - Securities (Details Textual) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | |
Dec. 31, 2016 | Dec. 31, 2017 | Dec. 31, 2016 | |
Available-for-sale Securities Income Tax Provision on Gross Realized Gains | $ 8 | $ 13 | $ 43 |
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 | Dec. 31, 2017 | Jun. 30, 2017 |
Available-for-sale securities, amortized cost | $ 135,628 | $ 141,411 |
Available-for-sale securities, gross unrealized gains | 1,317 | 1,542 |
Available-for-sale securities, gross unrealized losses | (1,207) | (867) |
Available-for-sale securities, fair value | 135,738 | 142,086 |
Held-to-maturity, amortized cost | 4,061 | 4,259 |
Held-to-maturity, fair value | 4,083 | 4,329 |
US Government-sponsored Enterprises Debt Securities [Member] | ||
Available-for-sale securities, amortized cost | 13,752 | 12,571 |
Available-for-sale securities, gross unrealized gains | 30 | 90 |
Available-for-sale securities, gross unrealized losses | (146) | (74) |
Available-for-sale securities, fair value | 13,636 | 12,587 |
US States and Political Subdivisions Debt Securities [Member] | ||
Available-for-sale securities, amortized cost | 56,718 | 56,824 |
Available-for-sale securities, gross unrealized gains | 746 | 890 |
Available-for-sale securities, gross unrealized losses | (283) | (254) |
Available-for-sale securities, fair value | 57,181 | 57,460 |
Held-to-maturity, amortized cost | 4,061 | 4,259 |
Held-to-maturity, gross unrecognized gains | 22 | 73 |
Held-to-maturity, gross unrecognized losses | (3) | |
Held-to-maturity, fair value | 4,083 | 4,329 |
Residential Mortgage Backed Securities [Member] | ||
Available-for-sale securities, amortized cost | 58,051 | 64,092 |
Available-for-sale securities, gross unrealized gains | 98 | 184 |
Available-for-sale securities, gross unrealized losses | (631) | (438) |
Available-for-sale securities, fair value | 57,518 | 63,838 |
Commercial Mortgage Backed Securities [Member] | ||
Available-for-sale securities, amortized cost | 1,446 | 1,459 |
Available-for-sale securities, gross unrealized gains | ||
Available-for-sale securities, gross unrealized losses | (10) | (1) |
Available-for-sale securities, fair value | 1,436 | 1,458 |
Collateralized Debt Obligations [Member] | ||
Available-for-sale securities, amortized cost | 5,483 | 6,310 |
Available-for-sale securities, gross unrealized gains | 1 | |
Available-for-sale securities, gross unrealized losses | (137) | (100) |
Available-for-sale securities, fair value | 5,346 | 6,211 |
Pooled Trust Preferred Securities Subject to Mandatory Redemption [Member] | ||
Available-for-sale securities, amortized cost | 178 | 155 |
Available-for-sale securities, gross unrealized gains | 443 | 377 |
Available-for-sale securities, gross unrealized losses | ||
Available-for-sale securities, fair value | $ 621 | $ 532 |
Note 2 - Securities - Proceeds
Note 2 - Securities - Proceeds From Sales and Calls of Available-for-sale Securities (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2017 | Dec. 31, 2016 | |
Proceeds from sales | $ 1,594 | $ 1,586 | $ 3,383 | |
Gross realized gains | 24 | 39 | 127 | |
Gross realized losses | $ 2 | $ 1 | $ 2 |
Note 2 - Securities - Amortiz26
Note 2 - Securities - Amortized Cost and Fair Values of Debt Securities by Contractual Maturity (Details) - USD ($) $ in Thousands | Dec. 31, 2017 | Jun. 30, 2017 |
Available-for-sale Securities, Debt Maturities, Next Twelve Months, Amortized Cost Basis | $ 2,170 | |
Available-for-sale Securities, Debt Maturities, Next Twelve Months, Fair Value | 2,192 | |
Available-for-sale Securities, Debt Maturities, Year Two Through Five, Amortized Cost Basis | 18,053 | |
Available-for-sale Securities, Debt Maturities, Year Two Through Five, Fair Value | 18,167 | |
Available-for-sale Securities, Debt Maturities, Year Six Through Ten, Amortized Cost Basis | 28,838 | |
Available-for-sale Securities, Debt Maturities, Year Six Through Ten, Fair Value | 28,992 | |
Available-for-sale Securities, Debt Maturities, after Ten Years, Amortized Cost Basis | 21,409 | |
Available-for-sale Securities, Debt Maturities, after Ten Years, Fair Value | 21,466 | |
Available-for-sale Securities, Debt Maturities, Single Maturity Date, Amortized Cost Basis | 70,470 | |
Available-for-sale Securities, Debt Maturities, Single Maturity Date | 70,817 | |
Available-for-sale Debt Securities, Amortized Cost Basis | 135,628 | $ 141,411 |
Securities, available-for-sale | 135,738 | 142,086 |
Held-to-maturity Securities, Debt Maturities, after Five Through Ten Years, Net Carrying Amount | 564 | |
Held-to-maturity Securities, Debt Maturities, Year Six Through Ten, Fair Value | 579 | |
Held-to-maturity Securities, Debt Maturities, after Ten Years, Net Carrying Amount | 3,497 | |
Held-to-maturity Securities, Debt Maturities, after Ten Years, Fair Value | 3,504 | |
Held-to-maturity Securities | 4,061 | 4,259 |
Held-to-maturity Securities, Fair Value | 4,083 | 4,329 |
U.S. Government-sponsored Mortgage-backed and Related Securities [Member] | ||
Available-for-sale Securities, Debt Maturities, without Single Maturity Date, Amortized Cost Basis | 64,980 | |
Available-for-sale Securities, Debt Maturities, without Single Maturity Date, Fair Value | 64,300 | |
Pooled Trust Preferred Securities Subject to Mandatory Redemption [Member] | ||
Available-for-sale Securities, Debt Maturities, without Single Maturity Date, Amortized Cost Basis | 178 | |
Available-for-sale Securities, Debt Maturities, without Single Maturity Date, Fair Value | 621 | |
Available-for-sale Debt Securities, Amortized Cost Basis | 178 | 155 |
Securities, available-for-sale | $ 621 | $ 532 |
Note 2 - Securities - Securitie
Note 2 - Securities - Securities With Unrealized and Unrecognized Losses (Details) - USD ($) $ in Thousands | Dec. 31, 2017 | Jun. 30, 2017 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value | $ 50,514 | $ 67,163 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Loss | (492) | (795) |
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value | 35,940 | 4,293 |
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Loss | (715) | (72) |
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value | 86,454 | 71,456 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss | (1,207) | (867) |
US Government-sponsored Enterprises Debt Securities [Member] | ||
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value | 9,901 | 4,336 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Loss | (146) | (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 | ||
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value | 9,901 | 4,336 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss | (146) | (74) |
US States and Political Subdivisions Debt Securities [Member] | ||
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value | 11,862 | 13,881 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Loss | (93) | (241) |
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value | 8,179 | 834 |
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Loss | (190) | (13) |
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value | 20,041 | 14,715 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss | (283) | (254) |
Residential Mortgage Backed Securities [Member] | ||
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value | 27,316 | 42,071 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Loss | (243) | (391) |
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value | 22,415 | 2,805 |
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Loss | (388) | (47) |
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value | 49,731 | 44,876 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss | (631) | (438) |
Commercial Mortgage Backed Securities [Member] | ||
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value | 1,435 | 1,458 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Loss | (10) | (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 | ||
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value | 1,435 | 1,458 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss | (10) | (1) |
Collateralized Debt Obligations [Member] | ||
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 | 5,346 | 654 |
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Loss | (137) | (12) |
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value | 5,346 | 6,071 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss | $ (137) | $ (100) |
Note 3 - Loans (Details Textual
Note 3 - Loans (Details Textual) xbrli-pure in Thousands, $ in Thousands | 3 Months Ended | 6 Months Ended | |||
Dec. 31, 2017USD ($) | Dec. 31, 2016USD ($) | Dec. 31, 2017USD ($) | Dec. 31, 2016USD ($) | Jun. 30, 2017USD ($) | |
Loans and Leases Receivable, Deferred Income | $ 313 | $ 313 | $ 294 | ||
Interest Receivable | 695 | 695 | 581 | ||
Financing Receivable, Recorded Investment, Nonaccrual Status | 865 | 865 | 1,187 | ||
Financing Receivable, Modifications, Recorded Investment | 1,582 | 1,582 | 1,740 | ||
Troubled Debt Restructuring, Debtor, Subsequent Periods, Contingent Payments, Amount | 30 | 30 | 33 | ||
Loans and Leases Receivable, Impaired, Commitment to Lend | $ 192 | $ 192 | 175 | ||
Financing Receivable, Modifications, Number of Contracts | 0 | 0 | 0 | 0 | |
Financing Receivables, Impaired, Troubled Debt Restructuring, Write-down | $ 0 | $ 0 | $ 0 | $ 0 | |
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | 0 | 0 | 0 | 0 | |
Threshold Amount of Loans Outstanding to Perform Credit Analysis | $ 100 | $ 100 | |||
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | |||||
Financing Receivable, Recorded Investment, Nonaccrual Status | 239 | ||||
Non-accrual Loans [Member] | |||||
Financing Receivable, Recorded Investment, Nonaccrual Status | $ 865 | $ 865 | $ 948 |
Note 3 - Loans - Major Classifi
Note 3 - Loans - Major Classifications (Details) - USD ($) $ in Thousands | Dec. 31, 2017 | Sep. 30, 2017 | Jun. 30, 2017 | Dec. 31, 2016 | Sep. 30, 2016 | Jun. 30, 2016 |
Loans Receivable, Gross | $ 293,594 | $ 272,867 | ||||
Allowance for loan losses | (3,225) | $ (3,194) | (3,086) | $ (3,123) | $ (3,684) | $ (3,566) |
Net Loans | 290,369 | 269,781 | ||||
Commercial Portfolio Segment [Member] | ||||||
Loans Receivable, Gross | 49,561 | 46,336 | ||||
Allowance for loan losses | (555) | (572) | (518) | (497) | (510) | (505) |
Commercial Real Estate Portfolio Segment [Member] | ||||||
Allowance for loan losses | (2,144) | (2,081) | (2,038) | (2,100) | (2,643) | (2,518) |
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | ||||||
Loans Receivable, Gross | 5,936 | 5,588 | ||||
Commercial Real Estate Portfolio Segment [Member] | Other Commercial Real Estate Loans [Member] | ||||||
Loans Receivable, Gross | 169,692 | 157,861 | ||||
Residential Portfolio Segment [Member] | ||||||
Allowance for loan losses | (461) | (473) | (473) | (465) | (411) | (402) |
Residential Portfolio Segment [Member] | Construction Loans [Member] | ||||||
Loans Receivable, Gross | 1,931 | 1,993 | ||||
Residential Portfolio Segment [Member] | Residential Real Estate Owner Occupied Loans [Member] | ||||||
Loans Receivable, Gross | 45,351 | 41,581 | ||||
Residential Portfolio Segment [Member] | Residential Real Estate Non-owner Occupied Loans [Member] | ||||||
Loans Receivable, Gross | 16,163 | 14,377 | ||||
Consumer Portfolio Segment [Member] | ||||||
Loans Receivable, Gross | 4,960 | 5,131 | ||||
Allowance for loan losses | $ (65) | $ (68) | $ (57) | $ (61) | $ (120) | $ (141) |
Note 3 - Loans - Allowance for
Note 3 - Loans - Allowance for Loan Losses by Portfolio Segment (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||||
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2017 | Jun. 30, 2017 | |
Beginning balance | $ 3,194 | $ 3,684 | $ 3,086 | $ 3,566 | ||
Provision for loan losses | 60 | 140 | 150 | 276 | ||
Loans charged-off | (38) | (731) | (41) | (756) | ||
Recoveries | 9 | 30 | 30 | 37 | ||
Total ending allowance balance | 3,225 | 3,123 | 3,225 | 3,123 | ||
Individually evaluated for impairment | $ 30 | $ 44 | ||||
Collectively evaluated for impairment | 3,195 | 3,042 | ||||
Total ending allowance balance | 3,225 | 3,684 | 3,225 | 3,123 | 3,225 | 3,086 |
Loans individually evaluated for impairment | 1,765 | 2,234 | ||||
Loans collectively evaluated for impairment | 292,524 | 271,214 | ||||
Total ending loans balance | 294,289 | 273,448 | ||||
Commercial Portfolio Segment [Member] | ||||||
Beginning balance | 572 | 510 | 518 | 505 | ||
Provision for loan losses | (17) | (14) | 35 | (9) | ||
Loans charged-off | ||||||
Recoveries | 1 | 2 | 1 | |||
Total ending allowance balance | 555 | 497 | 555 | 497 | ||
Individually evaluated for impairment | ||||||
Collectively evaluated for impairment | 555 | 518 | ||||
Total ending allowance balance | 572 | 510 | 555 | 497 | 555 | 518 |
Loans individually evaluated for impairment | 122 | 444 | ||||
Loans collectively evaluated for impairment | 49,553 | 45,993 | ||||
Total ending loans balance | 49,675 | 46,437 | ||||
Commercial Real Estate Portfolio Segment [Member] | ||||||
Beginning balance | 2,081 | 2,643 | 2,038 | 2,518 | ||
Provision for loan losses | 57 | 157 | 82 | 282 | ||
Loans charged-off | (700) | (700) | ||||
Recoveries | 6 | 24 | ||||
Total ending allowance balance | 2,144 | 2,100 | 2,144 | 2,100 | ||
Individually evaluated for impairment | 30 | 42 | ||||
Collectively evaluated for impairment | 2,114 | 1,996 | ||||
Total ending allowance balance | 2,081 | 2,643 | 2,144 | 2,100 | 2,144 | 2,038 |
Loans individually evaluated for impairment | 1,303 | 1,587 | ||||
Loans collectively evaluated for impairment | 174,707 | 162,176 | ||||
Total ending loans balance | 176,010 | 163,763 | ||||
Residential Portfolio Segment [Member] | ||||||
Beginning balance | 473 | 411 | 473 | 402 | ||
Provision for loan losses | 20 | 51 | 20 | 78 | ||
Loans charged-off | (33) | (23) | (33) | (44) | ||
Recoveries | 1 | 26 | 1 | 29 | ||
Total ending allowance balance | 461 | 465 | 461 | 465 | ||
Individually evaluated for impairment | 2 | |||||
Collectively evaluated for impairment | 461 | 471 | ||||
Total ending allowance balance | 473 | 411 | 461 | 465 | 461 | 473 |
Loans individually evaluated for impairment | 340 | 203 | ||||
Loans collectively evaluated for impairment | 63,293 | 57,901 | ||||
Total ending loans balance | 63,633 | 58,104 | ||||
Consumer Portfolio Segment [Member] | ||||||
Beginning balance | 68 | 120 | 57 | 141 | ||
Provision for loan losses | (54) | 13 | (75) | |||
Loans charged-off | (5) | (8) | (8) | (12) | ||
Recoveries | 2 | 3 | 3 | 7 | ||
Total ending allowance balance | 65 | 61 | 65 | 61 | ||
Individually evaluated for impairment | ||||||
Collectively evaluated for impairment | 65 | 57 | ||||
Total ending allowance balance | $ 68 | $ 120 | $ 65 | $ 61 | 65 | 57 |
Loans individually evaluated for impairment | ||||||
Loans collectively evaluated for impairment | 4,971 | 5,144 | ||||
Total ending loans balance | $ 4,971 | $ 5,144 |
Note 3 - Loans - Impaired Loans
Note 3 - Loans - Impaired Loans (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | |||
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2017 | Dec. 31, 2016 | Jun. 30, 2017 | |
Impaired Financing Receivable, Related Allowance | $ 30 | $ 30 | $ 44 | ||
Impaired Financing Receivable, Unpaid Principal Balance | 1,762 | 1,762 | 3,161 | ||
Impaired Financing Receivable, Recorded Investment | 1,765 | 1,765 | 2,234 | ||
Impaired Financing Receivable, Average Recorded Investment | 1,887 | $ 2,673 | 1,913 | $ 4,089 | |
Impaired Financing Receivable, Interest Income, Accrual Method | 12 | 8 | 24 | 209 | |
Impaired Financing Receivable, Interest Income, Cash Basis Method | 12 | 8 | 24 | 209 | |
Commercial Portfolio Segment [Member] | |||||
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance | 122 | 122 | 482 | ||
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | 122 | 122 | 444 | ||
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 117 | 330 | |||
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 3 | 80 | |||
Impaired Financing Receivable, with No Related Allowance, Interest Income, Cash Basis Method | 3 | 80 | |||
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance | |||||
Impaired Financing Receivable, with Related Allowance, Recorded Investment | |||||
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment | 120 | 14 | 7 | ||
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method | 1 | ||||
Impaired Financing Receivable, with Related Allowance, Interest Income, Cash Basis Method | 1 | ||||
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | |||||
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance | |||||
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | |||||
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 10 | 170 | |||
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 No Related Allowance, Unpaid Principal Balance | 973 | 973 | 1,928 | ||
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | 976 | 976 | 1,039 | ||
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 1,061 | 607 | 1,057 | 1,081 | |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | 6 | 16 | 105 | ||
Impaired Financing Receivable, with No Related Allowance, Interest Income, Cash Basis Method | 6 | 16 | 105 | ||
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance | 327 | 327 | 548 | ||
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 327 | 327 | 548 | ||
Impaired Financing Receivable, Related Allowance | 30 | 30 | 42 | ||
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment | 330 | 1,612 | 337 | 2,030 | |
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method | 5 | 7 | 5 | 15 | |
Impaired Financing Receivable, with Related Allowance, Interest Income, Cash Basis Method | 5 | 7 | 5 | 15 | |
Residential Portfolio Segment [Member] | Residential Real Estate Owner Occupied Loans [Member] | |||||
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance | 25 | 25 | 104 | ||
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | 25 | 25 | 103 | ||
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 318 | 127 | 80 | 127 | |
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method | |||||
Impaired Financing Receivable, with No Related Allowance, Interest Income, Cash Basis Method | |||||
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance | 99 | ||||
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 100 | ||||
Impaired Financing Receivable, Related Allowance | 2 | ||||
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment | 101 | 139 | |||
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method | 1 | 3 | |||
Impaired Financing Receivable, with Related Allowance, Interest Income, Cash Basis Method | 1 | 3 | |||
Residential Portfolio Segment [Member] | Residential Real Estate Non-owner Occupied Loans [Member] | |||||
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance | 315 | 315 | |||
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | 315 | 315 | |||
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment | 58 | 202 | 322 | 205 | |
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 | Dec. 31, 2017 | Jun. 30, 2017 |
Financing Receivable, Recorded Investment, Nonaccrual Status | $ 865 | $ 1,187 |
Financing Receivable, Recorded Investment, 90 Days Past Due and Still Accruing | ||
Financing Receivable, Recorded Investment, Past Due | 248 | 274 |
Financing Receivable, Recorded Investment, Not Past Due | 294,041 | 273,174 |
Financing Receivable, Recorded Investment, Total | 294,289 | 273,448 |
Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due | 246 | 35 |
Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due | 2 | |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Nonaccrual Status | 239 | |
Financing Receivable, Recorded Investment, Past Due | 239 | |
Commercial Portfolio Segment [Member] | ||
Financing Receivable, Recorded Investment, Nonaccrual Status | 368 | |
Financing Receivable, Recorded Investment, 90 Days Past Due and Still Accruing | ||
Financing Receivable, Recorded Investment, Past Due | 35 | |
Financing Receivable, Recorded Investment, Not Past Due | 49,675 | 46,402 |
Financing Receivable, Recorded Investment, Total | 49,675 | 46,437 |
Commercial Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due | ||
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 | 176,010 | 163,763 |
Commercial Real Estate Portfolio Segment [Member] | Other Commercial Real Estate Loans [Member] | ||
Financing Receivable, Recorded Investment, Nonaccrual Status | 537 | 729 |
Financing Receivable, Recorded Investment, 90 Days Past Due and Still Accruing | ||
Financing Receivable, Recorded Investment, Past Due | 230 | 130 |
Financing Receivable, Recorded Investment, Not Past Due | 169,837 | 158,037 |
Financing Receivable, Recorded Investment, Total | 170,067 | 158,167 |
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due | ||
Financing Receivable, Recorded Investment, Not Past Due | 5,943 | 5,596 |
Financing Receivable, Recorded Investment, Total | 5,943 | 5,596 |
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 | 230 | |
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, 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, 60 to 89 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 | |
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 | ||
Residential Portfolio Segment [Member] | ||
Financing Receivable, Recorded Investment, Total | 63,633 | 58,104 |
Residential Portfolio Segment [Member] | Construction Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due | ||
Financing Receivable, Recorded Investment, Not Past Due | 1,934 | 1,996 |
Financing Receivable, Recorded Investment, Total | 1,934 | 1,996 |
Residential Portfolio Segment [Member] | Residential Real Estate Owner Occupied Loans [Member] | ||
Financing Receivable, Recorded Investment, Nonaccrual Status | 13 | 90 |
Financing Receivable, Recorded Investment, 90 Days Past Due and Still Accruing | ||
Financing Receivable, Recorded Investment, Past Due | 12 | 87 |
Financing Receivable, Recorded Investment, Not Past Due | 45,477 | 41,605 |
Financing Receivable, Recorded Investment, Total | 45,489 | 41,692 |
Residential Portfolio Segment [Member] | Residential Real Estate Non-owner Occupied Loans [Member] | ||
Financing Receivable, Recorded Investment, Nonaccrual Status | 315 | |
Financing Receivable, Recorded Investment, 90 Days Past Due and Still Accruing | ||
Financing Receivable, Recorded Investment, Past Due | ||
Financing Receivable, Recorded Investment, Not Past Due | 16,210 | 14,416 |
Financing Receivable, Recorded Investment, Total | 16,210 | 14,416 |
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 | 12 | 13 |
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 | |
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 | ||
Consumer Portfolio Segment [Member] | ||
Financing Receivable, Recorded Investment, Past Due | 6 | 22 |
Financing Receivable, Recorded Investment, Not Past Due | 4,965 | 5,122 |
Financing Receivable, Recorded Investment, Total | 4,971 | 5,144 |
Consumer Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due | 4 | 22 |
Consumer Portfolio Segment [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due | 2 | |
Consumer Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due |
Note 3 - Loans - Recorded Inves
Note 3 - Loans - Recorded Investment by Risk Category (Details) - USD ($) $ in Thousands | Dec. 31, 2017 | Jun. 30, 2017 |
Pass [Member] | ||
Financing Receivable, Net | $ 228,661 | $ 217,078 |
Special Mention [Member] | ||
Financing Receivable, Net | 11,509 | 7,262 |
Substandard [Member] | ||
Financing Receivable, Net | 2,560 | 2,480 |
Doubtful [Member] | ||
Financing Receivable, Net | 865 | 691 |
Not Rated [Member] | ||
Financing Receivable, Net | 50,694 | 45,937 |
Commercial Portfolio Segment [Member] | Pass [Member] | ||
Financing Receivable, Net | 48,091 | 44,435 |
Commercial Portfolio Segment [Member] | Special Mention [Member] | ||
Financing Receivable, Net | 883 | 907 |
Commercial Portfolio Segment [Member] | Substandard [Member] | ||
Financing Receivable, Net | 339 | 642 |
Commercial Portfolio Segment [Member] | Doubtful [Member] | ||
Financing Receivable, Net | ||
Commercial Portfolio Segment [Member] | Not Rated [Member] | ||
Financing Receivable, Net | 362 | 453 |
Commercial Real Estate Portfolio Segment [Member] | Pass [Member] | Construction Loans [Member] | ||
Financing Receivable, Net | 5,941 | 4,514 |
Commercial Real Estate Portfolio Segment [Member] | Pass [Member] | Other Commercial Real Estate Loans [Member] | ||
Financing Receivable, Net | 156,415 | 150,460 |
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 | 10,365 | 5,110 |
Commercial Real Estate Portfolio Segment [Member] | Substandard [Member] | Construction Loans [Member] | ||
Financing Receivable, Net | 2 | |
Commercial Real Estate Portfolio Segment [Member] | Substandard [Member] | Other Commercial Real Estate Loans [Member] | ||
Financing Receivable, Net | 1,772 | 1,566 |
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 | 537 | 470 |
Commercial Real Estate Portfolio Segment [Member] | Not Rated [Member] | Construction Loans [Member] | ||
Financing Receivable, Net | 43 | |
Commercial Real Estate Portfolio Segment [Member] | Not Rated [Member] | Other Commercial Real Estate Loans [Member] | ||
Financing Receivable, Net | 978 | 561 |
Residential Portfolio Segment [Member] | Pass [Member] | Construction Loans [Member] | ||
Financing Receivable, Net | 765 | 1,223 |
Residential Portfolio Segment [Member] | Pass [Member] | Residential Real Estate Owner Occupied Loans [Member] | ||
Financing Receivable, Net | 2,661 | 2,668 |
Residential Portfolio Segment [Member] | Pass [Member] | Residential Real Estate Non-owner Occupied Loans [Member] | ||
Financing Receivable, Net | 14,669 | 13,633 |
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 | 58 | |
Residential Portfolio Segment [Member] | Special Mention [Member] | Residential Real Estate Non-owner Occupied Loans [Member] | ||
Financing Receivable, Net | 203 | 210 |
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 | 14 | 11 |
Residential Portfolio Segment [Member] | Substandard [Member] | Residential Real Estate Non-owner Occupied Loans [Member] | ||
Financing Receivable, Net | 433 | 261 |
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 | 13 | 30 |
Residential Portfolio Segment [Member] | Doubtful [Member] | Residential Real Estate Non-owner Occupied Loans [Member] | ||
Financing Receivable, Net | 315 | 187 |
Residential Portfolio Segment [Member] | Not Rated [Member] | Construction Loans [Member] | ||
Financing Receivable, Net | 1,169 | 773 |
Residential Portfolio Segment [Member] | Not Rated [Member] | Residential Real Estate Owner Occupied Loans [Member] | ||
Financing Receivable, Net | 42,743 | 38,983 |
Residential Portfolio Segment [Member] | Not Rated [Member] | Residential Real Estate Non-owner Occupied Loans [Member] | ||
Financing Receivable, Net | 590 | 125 |
Consumer Portfolio Segment [Member] | Pass [Member] | ||
Financing Receivable, Net | 119 | 145 |
Consumer Portfolio Segment [Member] | Special Mention [Member] | ||
Financing Receivable, Net | ||
Consumer Portfolio Segment [Member] | Substandard [Member] | ||
Financing Receivable, Net | ||
Consumer Portfolio Segment [Member] | Doubtful [Member] | ||
Financing Receivable, Net | ||
Consumer Portfolio Segment [Member] | Not Rated [Member] | ||
Financing Receivable, Net | $ 4,852 | $ 4,999 |
Note 4 - Fair Value (Details Te
Note 4 - Fair Value (Details Textual) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | |||
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2017 | Dec. 31, 2016 | Jun. 30, 2017 | |
Assets, Fair Value Disclosure, Nonrecurring | $ 0 | $ 0 | |||
Impaired Financing Receivable, Recorded Investment | 1,765 | 1,765 | $ 2,234 | ||
Impaired Financing Receivable, Related Allowance | 30 | 30 | 44 | ||
Other Real Estate, Foreclosed Assets, and Repossessed Assets | 57 | 57 | 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 Owned, Fair Value Disclosure | 0 | 0 | |||
Collateral Dependent Loans [Member] | |||||
Impaired Financing Receivable, Related Allowance | 0 | ||||
Fair Value, Measurements, Nonrecurring [Member] | |||||
Impaired Financing Receivable, Recorded Investment | 0 | 0 | |||
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | $ 130 | ||||
Fair Value, Measurements, Nonrecurring [Member] | Impaired Loans [Member] | |||||
Allowance for Loan and Lease Losses, Period Increase (Decrease) | $ 0 | $ 87 | $ (17) | $ 47 |
Note 4 - Fair Value - Assets an
Note 4 - Fair Value - Assets and Liabilities Measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Thousands | Dec. 31, 2017 | Jun. 30, 2017 |
Securities, available-for-sale | $ 135,738 | $ 142,086 |
US Government-sponsored Enterprises Debt Securities [Member] | ||
Securities, available-for-sale | 13,636 | 12,587 |
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 | 13,636 | 12,587 |
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 | 57,181 | 57,460 |
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 | 57,181 | 57,460 |
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 | 57,518 | 63,838 |
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 | 57,518 | 63,838 |
Residential Mortgage Backed Securities [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Securities, available-for-sale | ||
Commercial Mortgage Backed Securities [Member] | ||
Securities, available-for-sale | 1,436 | 1,458 |
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 | 1,436 | 1,458 |
Commercial Mortgage Backed Securities [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Securities, available-for-sale | ||
Collateralized Debt Obligations [Member] | ||
Securities, available-for-sale | 5,346 | 6,211 |
Collateralized Debt Obligations [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Securities, available-for-sale | ||
Collateralized Debt Obligations [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Securities, available-for-sale | 5,346 | 6,211 |
Collateralized Debt Obligations [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Securities, available-for-sale | ||
Pooled Trust Preferred Securities Subject to Mandatory Redemption [Member] | ||
Securities, available-for-sale | 621 | 532 |
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 | 621 | 532 |
Pooled Trust Preferred Securities Subject to Mandatory Redemption [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Securities, available-for-sale |
Note 4 - Fair Value - Financial
Note 4 - Fair Value - Financial Assets and Liabilities Measured at Fair Value on a Non-recurring Basis (Details) - USD ($) $ in Thousands | Dec. 31, 2017 | Jun. 30, 2017 |
Assets, Fair Value Disclosure, Nonrecurring | $ 0 | |
Commercial Real Estate - Other [Member] | ||
Assets, Fair Value Disclosure, Nonrecurring | $ 130 | |
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 | |
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 4 - Fair Value - Quantitat
Note 4 - Fair Value - Quantitative Information About Level 3 Fair Value Measurements (Details) - Bid Indications [Member] $ in Thousands | 12 Months Ended |
Jun. 30, 2017USD ($) | |
Commercial Real Estate - Other [Member] | |
Fair Value | $ 130 |
Valuation Technique | Bid Indications |
Unobservable Inputs | N/A |
Discount Rate | 0.00% |
Commercial Real Estate - Other [Member] | Weighted Average [Member] | |
Discount Rate | 0.00% |
Residential Real Estate Owner Occupied Loans [Member] | |
Fair Value | $ 71 |
Valuation Technique | Bid Indications |
Unobservable Inputs | N/A |
Discount Rate | 0.00% |
Residential Real Estate Owner Occupied Loans [Member] | Weighted Average [Member] | |
Discount Rate | 0.00% |
Note 4 - Fair Value - Estimated
Note 4 - Fair Value - Estimated Fair Values of Financial Instruments (Details) - USD ($) $ in Thousands | Dec. 31, 2017 | Jun. 30, 2017 |
Held-to-maturity, fair value | $ 4,083 | $ 4,329 |
Fair Value, Inputs, Level 1 [Member] | Reported Value Measurement [Member] | ||
Cash and cash equivalents | 9,141 | 9,912 |
Fair Value, Inputs, Level 1 [Member] | Estimate of Fair Value Measurement [Member] | ||
Cash and cash equivalents | 9,141 | 9,912 |
Fair Value, Inputs, Level 2 [Member] | Reported Value Measurement [Member] | ||
Certificates of deposits in other financial institutions | 3,921 | 3,921 |
Loans held for sale | 814 | 1,252 |
Accrued interest receivable | 1,310 | 1,212 |
Short-term borrowings | 22,507 | 23,986 |
Federal Home Loan Bank advances | 17,188 | 12,320 |
Accrued interest payable | 74 | 40 |
Fair Value, Inputs, Level 2 [Member] | Reported Value Measurement [Member] | Demand and Savings Deposits [Member] | ||
Demand and savings deposits | 316,218 | 307,960 |
Fair Value, Inputs, Level 2 [Member] | Reported Value Measurement [Member] | Time Deposits [Member] | ||
Demand and savings deposits | 66,771 | 66,511 |
Fair Value, Inputs, Level 2 [Member] | Estimate of Fair Value Measurement [Member] | ||
Certificates of deposits in other financial institutions | 3,924 | 3,927 |
Loans held for sale | 833 | 1,286 |
Accrued interest receivable | 1,310 | 1,212 |
Short-term borrowings | 22,507 | 23,986 |
Federal Home Loan Bank advances | 16,796 | 12,054 |
Accrued interest payable | 74 | 40 |
Fair Value, Inputs, Level 2 [Member] | Estimate of Fair Value Measurement [Member] | Demand and Savings Deposits [Member] | ||
Demand and savings deposits | 316,218 | 307,960 |
Fair Value, Inputs, Level 2 [Member] | Estimate of Fair Value Measurement [Member] | Time Deposits [Member] | ||
Demand and savings deposits | 66,676 | 66,535 |
Fair Value, Inputs, Level 3 [Member] | Reported Value Measurement [Member] | ||
Held-to-maturity, fair value | 4,061 | 4,259 |
Loans, net | 290,369 | 269,781 |
Fair Value, Inputs, Level 3 [Member] | Estimate of Fair Value Measurement [Member] | ||
Held-to-maturity, fair value | 4,083 | 4,329 |
Loans, net | $ 284,618 | $ 266,041 |
Note 5 - Earnings Per Share (De
Note 5 - Earnings Per Share (Details Textual) - shares | 3 Months Ended | 6 Months Ended | ||
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2017 | Dec. 31, 2016 | |
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 0 | 0 | ||
Restricted Stock [Member] | ||||
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 2,062 | 2,062 |
Note 5 - Earnings Per Share - S
Note 5 - Earnings Per Share - Schedule of Earnings Per Share, Basic and Diluted (Details) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2017 | Dec. 31, 2016 | |
Net income available to common shareholders | $ 657 | $ 722 | $ 1,586 | $ 1,623 |
Weighted average common shares outstanding (in shares) | 2,727,666 | 2,724,061 | 2,725,859 | 2,723,988 |
Basic income per share (in dollars per share) | $ 0.24 | $ 0.27 | $ 0.58 | $ 0.60 |
Net income available to common shareholders | $ 657 | $ 722 | $ 1,586 | $ 1,623 |
Weighted average common shares outstanding (in shares) | 2,727,666 | 2,724,061 | 2,725,859 | 2,723,988 |
Dilutive effect of restricted stock (in shares) | 19 | 13 | ||
Total common shares and dilutive potential common shares (in shares) | 2,727,666 | 2,724,080 | 2,725,859 | 2,724,001 |
Dilutive income per share (in dollars per share) | $ 0.24 | $ 0.27 | $ 0.58 | $ 0.60 |
Note 6 - Accumulated Other Co41
Note 6 - Accumulated Other Comprehensive Income - Components of Other Comprehensive Income (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | |||||||||
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2017 | Dec. 31, 2016 | Sep. 30, 2017 | Jun. 30, 2017 | Sep. 30, 2016 | Jun. 30, 2016 | ||||
Accumulated other comprehensive income (loss), before tax | $ 110 | $ (246) | $ 110 | $ (246) | $ 741 | $ 675 | $ 3,095 | $ 3,621 | |||
Accumulated other comprehensive income (loss), tax | (37) | (83) | (37) | (83) | (252) | (230) | (1,053) | (1,232) | |||
Accumulated other comprehensive income | 73 | (163) | 73 | (163) | $ 489 | $ 445 | $ 2,042 | $ 2,389 | |||
Unrealized holding gain on available-for-sale securities arising during the period, before tax | (631) | (3,319) | (527) | (3,742) | |||||||
Unrealized holding loss on available-for-sale securities arising during the period, tax | 215 | 1,128 | 180 | 1,272 | |||||||
Unrealized holding gain on available-for-sale securities arising during the period, net | (416) | (2,191) | (347) | (2,470) | |||||||
Amounts reclassified from accumulated other comprehensive income, before tax | (22) | [1],[2] | (38) | [1],[2] | (125) | ||||||
Amounts reclassified from accumulated other comprehensive income, tax | [1],[2] | 8 | 13 | 43 | |||||||
Amounts reclassified from accumulated other comprehensive income, net | [1],[2] | (14) | (25) | (82) | |||||||
Net current period other comprehensive income (loss), before tax | (3,341) | (565) | (3,867) | ||||||||
Net current period other comprehensive loss, tax | 1,136 | 193 | 1,315 | ||||||||
Net current period other comprehensive income (loss), net | (416) | (2,205) | (372) | (2,552) | |||||||
Amounts reclassified from accumulated other comprehensive income, before tax | (22) | [1],[2] | (38) | [1],[2] | (125) | ||||||
Amounts reclassified from accumulated other comprehensive income, tax | [1],[2] | $ 8 | $ 13 | $ 43 | |||||||
[1] | Income tax expense | ||||||||||
[2] | Securities gain, net |
Note 7 - Income Taxes (Details
Note 7 - Income Taxes (Details Textual) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | 12 Months Ended | |||
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2017 | Dec. 31, 2016 | Jun. 30, 2019 | Jun. 30, 2018 | |
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent | 27.55% | 35.00% | ||||
Income Tax Expense (Benefit), Continuing Operations, Adjustment of Deferred Tax (Asset) Liability | $ 348 | |||||
Effective Income Tax Rate Reconciliation, Change in Enacted Tax Rate, Amount | $ (95) | |||||
Effective Income Tax Rate Reconciliation, Percent | 42.70% | 16.70% | 31.70% | 19.70% | ||
Scenario, Forecast [Member] | ||||||
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent | 21.00% | 27.55% |