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Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block]

Available-for-Sale S

ecurities

The following presents a summary of the amortized cost, gross unrealized holding gains and losses, and fair value of

available-for-sale securities.

	December 31 , 2017
	Amortized		Gross Unrealized		Gross Unrealized			Fair
	Cost		Gains		Losses			Value
	(Dollars in thousands)
U.S. Government agency securities	$	57,365	$	-	$	(273	)	$	57,092
Agency mortgage-backed securities		29,306		-		(726	)		28,580
Other investment s measured at net asset value		6,791		-		(124	)		6,667
	$	93,462	$	-	$	(1,123	)	$	92,339

	June 30, 201 7
	Amortized		Gross Unrealized		Gross Unrealized			Fair
	Cost		Gains		Losses			Value
	(Dollars in thousands)
U.S. Government agency securities	$	57,401	$	-	$	(233	)	$	57,168
Agency mortgage-backed securities		33,523		-		(620	)		32,903
Oth er investments measured at net asset value		6,717		-		(95	)		6,622
	$	97,641	$	-	$	(948	)	$	96,693

When securities are sold, the adjusted cost of the specific security sold is used to compute the gain or loss on sale.

There were

securities sold during the

three

and

six

months ended

December 31, 2017

2016.

December 30, 2017,

investment securities were pledged as collateral to secure outstanding borrowings.

The following summarizes the Company

’s gross unrealized losses and fair values aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position.

	Dec ember 31, 2017
	Less than 12 Months					More than 12 Months					Total
	Fair		Unrealized			Fair		Unrealized			Fair		Unrealized
	Value		Losses			Value		Losses			Value		Losses
	(Dollars in thousands)
U.S. Government agency securities	$	21,111	$	(86	)	$	35,981	$	(187	)	$	57,092	$	(273	)
Agency mortgage-backed securities		1,627		(9	)		26,953		(717	)		28,580		(726	)
Other investment s measured at net asset value		-		-			5,142		(124	)		5,142		(124	)
	$	22,738	$	(95	)	$	68,076	$	(1,028	)	$	90,814	$	(1,123	)

	June 30, 201 7
	Less than 12 Months					More than 12 Months					Total
	Fair		Unrealized			Fair		Unrealized			Fair		Unrealized
	Value		Losses			Value		Losses			Value		Losses
	(Dollars in thousands)
U.S. Government agency securities	$	57,168	$	(233	)	$	-	$	-		$	57,168	$	(233	)
Agency mortgage-backed securities		19,571		(298	)		13,332		(322	)		32,903		(620	)
Other investment s measured at net asset value		5,115		(95	)		-		-			5,115		(95	)
	$	81,854	$	(626	)	$	13,332	$	(322	)	$	95,186	$	(948	)

There were

other-than-temporary impairment losses on securities

during the

three

and

six

months ended

December 31, 2017

2016.

December 31, 2017,

the Company had

securities in a continuous loss position for greater than

twelve

months. At

December 31, 2017,

all of the Company’s available-for-sale securities were issued or guaranteed by either government agencies or government-sponsored enterprises. The decline in fair value of the Company’s available-for-sale securities at

December 31, 2017

is attributable to changes in interest rates.

In addition to considering current trends and economic conditions that

may

affect the quality of individual securities within the Company

’s investment portfolio, management of the Company also considers the Company’s ability and intent to hold such securities to maturity or recovery of cost. At

December 31, 2017,

the Company does

not

intend to sell and it is

not

more likely than

not

that the Company will be required to sell the investment securities before recovery of its amortized cost. As such, management does

not

believe any of the Company’s available-for-sale securities are other-than-temporarily impaired at

December 31, 2017.

The investments measured at net asset value include a fund that seeks to invest in securities either issued or guaranteed by the U.S. government or its agencies, as well as a fund

that primarily invests in the federally guaranteed portion of SBA

(a) loans that adjust quarterly or monthly and are indexed to the Prime Rate. The underlying composition of these funds is primarily government agencies, other investment-grade investments, or the guaranteed portion of SBA

(a) loans, as applicable. As of

December 31, 2017,

the effective duration of the fund that seeks to invest in securities either issued or guaranteed by the U.S. government or its agencies is

4.66

years.

The amortized cost and fair values of availab

le-for-sale debt securities by contractual maturity are shown below as of

December 31, 2017.

Actual maturities

may

differ from contractual maturities because borrowers

may

have the right to prepay obligations with or without prepayment penalties.

	Amortized Cost		Fair Value
	(Dollars in thousands)
Due within one year	$	39,168	$	38,981
Due after one year through five years		18,197		18,111
Due after five years through ten years		-		-
Due after ten years		-		-
Total U.S. Government agency securities		57,365		57,092
Agency mortgage-backed securities		29,306		28,580
Total debt securities	$	86,671	$	85,672

Note 4 - Loans, Allowance for Loan Losses and Credit Quality

6 Months Ended

Dec. 31, 2017

Financing Receivables [Text Block]

Loans, Allowance for Loan Losses and Credit Quality

Loans are carried at the principal amounts outstanding, or amortized acquired fair value in the case of acquired loans, adjusted by partial charge-offs and net of deferred loan costs or fees. Loan fees and certain direct origination costs are deferred and amortized into interest income over the expected term of the loan using the level-yield method. When a loan is paid off, the unamortized portion is recognized in interest income. Interest income is accrued based upon the daily principal amount outstanding

, except for loans on nonaccrual status.

Loans purchased by the Company are accounted for under ASC

310

30,

Receivables—Loans and Debt Securities Acquired with Deteriorated Credit Quality

("ASC

310

30"

). At acquisition, the effective interest rate is determined based on the discount rate that equates the present value of the Company's estimate of cash flows with the purchase price of the loan. Prepayments are

not

assumed in determining a purchased loan's effective interest rate and income accretion. The application of ASC

310

limits the yield that

may

be accreted on the purchased loan, or the "accretable yield," to the excess of the Company's estimate, at acquisition, of the expected undiscounted principal, interest, and other cash flows over the Company's initial investment in the loan. The excess of contractually required payments receivable over the cash flows expected to be collected on the loan represents the purchased loan's "nonaccretable difference." Subsequent improvements in expected cash flows of loans with nonaccretable differences result in a prospective increase to the loan's effective yield through a reclassification of some, or all, of the nonaccretable difference to accretable yield. The effect of subsequent credit-related declines in expected cash flows of purchased loans are recorded through a specific allocation in the allowance for loan losses.

Loans are generally placed on nonaccrual status when they are past due

days as to either principal or interest, or when in management's judgment the collectability of interest or principal of the loan has been significantly impaired. Loans accounted for under ASC

310

are placed on nonaccrual when it is

not

possible to reach a reasonable expectation of the timing and amount of cash flows to be collected on the loan. When a loan has been placed on nonaccrual status, previously accrued and uncollected interest is reversed against interest on loans. Interest on nonaccrual loans is accounted for on a cash-basis or using the cost-recovery method when collectability is doubtful. A loan is returned to accrual status when collectability of principal

and interest is reasonably assured and the loan has performed for a reasonable period of time.

In cases where a borrower experiences financial difficulties and the Company makes certain concessionary modifications to contractual terms, the loan is classified as a troubled debt restructuring ("TDR"), and therefore by definition is an impaired loan. Concessionary modifications

may

include adjustments to interest rates, extensions of maturity, and other actions intended to minimize economic loss and avoid foreclosure or repossession of collateral. For loans accounted for under ASC

310

30,

the Company evaluates whether it has granted a concession by comparing the restructured debt terms to the expected cash flows at acquisition plus any additional cash flows expected to be collected arising from changes in estimate after acquisition. As a result, if an ASC

310

loan is modified to be consistent with, or better than, the Company's expectations at acquisition, the modified loan would

not

qualify as a TDR. Nonaccrual loans that are restructured generally remain on nonaccrual status for a minimum period of

six

months to demonstrate that the borrower can meet the restructured terms. If the restructured loan is on accrual status prior to being modified, it is reviewed to determine if the modified loan should remain on accrual status. If the borrower's ability to meet the revised payment schedule is

not

reasonably assured, the loan is classified as a nonaccrual loan. With limited exceptions, loans classified as TDRs remain classified as such until the loan is paid off.

The composition of the Company

’s loan portfolio is as follows on the dates indicated.

	December 31, 201 7						June 30, 201 7
	Originate d		Purchase d		Tota l		Originate d		Purchase d		Tota l
	(Dollars in thousands )
Residential real estat e	$	80,462	$	4,723	$	85,185	$	83,759	$	3,377	$	87,136
Home equit y		12,313		95		12,408		13,931		101		14,032
Commercial real estat e		255,679		238,275		493,954		256,280		241,724		498,004
Commercial and industria l		177,756		1,084		178,840		174,468		1,186		175,654
Consumer		3,803		-		3,803		4,369		-		4,369
Total loan s	$	530,013	$	244,177	$	774,190	$	532,807	$	246,388	$	779,195

Total loans include

net deferred loan origination costs of

$212

thousand and

$507

thousand as of

December 31, 2017

and

June 30, 2017,

respectively.

Past Due and Nonaccrual Loans

The following i

s a summary of past due and nonaccrual loans:

	December 31 , 2017
	Past Due 30-59 Days		Past Due 60-89 Days		Past Due 90 Days or More-Still Accruing		Past Due 90 Days or More- Nonaccrual		Total Past Due		Total Current		Total Loans		Nonaccrual Loans
	(Dollars in thousands)
Originated portfolio:
Residential real estate	$	1,472	$	618	$	-	$	2,108	$	4,198	$	76,264	$	80,462	$	3,783
Home equity		-		148		-		108		256		12,057		12,313		107
Commercial real estate		1,870		288		-		123		2,281		253,398		255,679		2,537
Commercial and industrial		1,004		36		-		-		1,040		176,716		177,756		2,555
Consumer		55		53		-		36		144		3659		3,803		147
Total originated portfolio		4,401		1,143		-		2,375		7,919		522,094		530,013		9,129
Purchased portfolio:
Residential real estate and home equity		-		-		-		220		220		4,598		4,818		220
Commercial and industrial		217		-		-		-		217		867		1,084		292
Commercial real estate		10,918		5,971		-		4,712		21,601		216,674		238,275		8,450
Total purchased portfolio		11,135		5,971		-		4,932		22,038		222,139		244,177		8,962
Total loans	$	15,536	$	7,114	$	-	$	7,307	$	29,957	$	744,233	$	774,190	$	18,091

	June 30, 2017
	Past Due 30-59 Days		Past Due 60-89 Days		Past Due 90 Days or More-Still Accruing		Past Due 90 Days or More- Nonaccrual		Total Past Due		Total Current		Total Loans		Nonaccrual Loans
	(Dollars in thousands)
Originated portfolio:
Residential real estate	$	141	$	574	$	-	$	1,398	$	2,113	$	81,646	$	83,759	$	3,337
Home equity		49		-		-		58		107		13,824		13,931		58
Commercial real estate		2,266		-		-		124		2,390		253,890		256,280		413
Commercial and industrial		-		-		-		2,433		2,433		172,035		174,468		2,600
Consumer		69		50		-		32		151		4,218		4,369		103
Total originated portfolio		2,525		624		-		4,045		7,194		525,613		532,807		6,511
Purchased portfolio:
Residential real estate and home equity		-		1,082		-		16		1,098		2,380		3,478		1,056
Commercial and industrial		-		-		-		-		-		1,186		1,186		32
Commercial real estate		173		1,997		-		2,922		5,092		236,632		241,724		6,364
Total purchased portfolio		173		3,079		-		2,938		6,190		240,198		246,388		7,452
Total loans	$	2,698	$	3,703	$	-	$	6,983	$	13,384	$	765,811	$	779,195	$	13,963

Allowance for Loan Losses and Impaired Loans

The allowance for loan losses is established as losses are estimated to have occurred through a provision for loan losses charged to earnings. For residential and consumer loans, a charge-off is recorded

later than the point at which a loan is

180

days past due if the loan balance exceeds the fair value of the collateral, less

estimated costs to sell. For commercial loans, a charge-off is recorded on a case-by-case basis when all or a portion of the loan is deemed to be uncollectible. Subsequent recoveries, if any, are credited to the allowance.

The allowance for loan losses consists of general, specific, and unallocated reserves and reflects management

’s estimate of probable loan losses inherent in the loan portfolio at the balance sheet date. Management uses a consistent and systematic process and methodology to evaluate the appropriateness of the allowance for loan losses on a quarterly basis. The calculation of the allowance for loan losses is segregated by portfolio segments, which include: residential real estate, commercial real estate, commercial and industrial, consumer, and purchased loans. Risk characteristics relevant to each portfolio segment are as follows:

Residential real estate: All loans in this segment are collateralized by residential real estate and repayment is primarily dependent on the credit quality, loan-to-value ratio and income of the individual borrower. The overall health of the economy, particularly unemployment rates and housing prices, has a significant effect on the credit quality in this segment. For purposes of the Company

’s allowance for loan loss calculation, home equity loans and lines of credit are included in residential real estate.

Commercial real estate: Loans in this segment are primarily income-producing properties. For owner-occupied properties, the cash flows are derived from an operating business, and the underlying cash flows

may

be adversely affected by deterioration in the financial condition of the operating business. The underlying cash flows generated by non-owner occupied properties

may

be adversely affected by increased vacancy rates. Management periodically obtains rent rolls

and operating statements, with which it monitors the cash flows of these loans. Adverse developments in either of these areas will have an adverse effect on the credit quality of this segment. For purposes of the allowance for loan losses, this segment also includes construction loans.

Commercial and industrial: Loans in this segment are made to businesses and are generally secured by the assets of the business. Repayment is expected from the cash flows of the business. This segment also includes loans to non-bank lenders, which are generally secured by a collateral assignment of the notes and mortgages on loans originated by the non-bank lenders. Weakness in national or regional economic conditions, and a corresponding weakness in consumer or business spending, will have an adverse effect on the credit quality of this segment.

Consumer: Loans in this segment are generally secured, and repayment is dependent on the credit quality of the individual borrower. Repayment of consumer loans is generally based on the earnings of individual borrowers, which

may

be adversely impacted by regional labor market conditions.

Purchased: Loans in this segment are typically secured by commercial real estate, multi-family residential real estate, or business assets and have been acquired by the

Bank’s Loan Acquisition and Servicing Group (“LASG”). Loans acquired by the LASG are, with limited exceptions, performing loans at the date of purchase. Repayment of loans in this segment is largely dependent on cash flow from the successful operation of the property, in the case of non-owner occupied property, or operating business, in the case of owner-occupied property. Loan performance

may

be adversely affected by factors affecting the general economy or conditions specific to the real estate market, such as geographic location or property type. Loans in this segment are evaluated for impairment under ASC

310

30.

The Company reviews expected cash flows from purchased loans on a quarterly basis. The effect of a decline in expected cash flows subsequent to the acquisition of the loan is recognized through a specific allocation in the allowance for loan losses.

The general component of the allowance for loan losses for originated loans is based on historical loss experience adjusted for qualitative factors stratified by loan segment. The Company does

not

weight periods used in that analysis to determine the average loss rate in each portfolio segment. This historical loss factor is adjusted for the following qualitative factors:

●

Levels and trends in delinquencies;

●

Trends in the volume and nature of loans;

●

Trends in credit terms and policies, including underwriting standards, procedures and practices, and the experience and ability of lending management and staff;

●

Trends in portfolio concentration;

●

National and local economic trends and conditions;

●

Effects of changes or trends in internal risk ratings; and

●

Other effects resulting from trends in the valuation of underlying collateral.

The allocated component of the allowance for loan losses relates to loans that are classified as impaired. Impairment is measured on a loan-by-loan basis by either the present value of expected future cash flows discounted at the loan

’s effective interest rate or the fair value of the collateral if the loan is collateral dependent. An allowance is established when the discounted cash flows or collateral value of the impaired loan is lower than the carrying value of the loan.

For all portfolio segments, except loans accounted for under ASC

310

30,

a loan is considered impaired when, based on current information and events, it is probable that the Company will be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the loan agreement. Loans that experience insignificant payment delays and payment shortfalls generally are

not

classified as impaired. Management determines the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower

’s prior payment record, and the amount of the shortfall in relation to the principal and interest owed. For the purchased loan segment, a loan is considered impaired when, based on current information and events, it is probable that the Company will be unable to realize cash flows as expected at acquisition. For loans accounted for under ASC

310

for which cash flows can reasonably be estimated, loan impairment is measured based on the decrease in expected cash flows from those estimated at acquisition, excluding changes due to changes in interest rate indices and other non-credit related factors, discounted at the loan’s effective rate assumed at acquisition. Factors considered by management in determining impairment include payment status, collateral value, and the probability of collecting the scheduled principal and interest payments when due.

The following table sets forth activity in the Company

’s allowance for loan losses.

	Three Months Ended December 31 , 2017
	Residential			Commercial		Commercial
	Real Estate			Real Estate		and Industrial			Consumer			Purchased		Unallocated		Total
	(Dollars in thousands)
Beginning balance	$	513		$	2,443	$	727		$	41		$	310	$	-	$	4,034
Provision		176			74		(42	)		19			210		-		437
Recoveries		1			-		5			25			-		-		31
Charge-offs		(112	)		-		-			(35	)		-		-		(147	)
Ending balance	$	578		$	2,517	$	690		$	50		$	520	$	-	$	4,355

	Three Months Ended December 31, 2016
	Residential		Commercial			Commercial
	Real Estate		Real Estate			and Industrial		Consumer			Purchased		Unallocated		Total
	(Dollars in thousands)
Beginning balance	$	541	$	1,421		$	318	$	68		$	158	$	-	$	2,506
Provision		6		351			207		40			24		-		628
Recoveries		27		19			6		21			-		-		73
Charge-offs		-		(41	)		-		(59	)		-		-		(100	)
Ending balance	$	574	$	1,750		$	531	$	70		$	182	$	-	$	3,107

	Six Months Ended December 31, 2017
	Residential			Commercial		Commercial
	Real Estate			Real Estate		and Industrial		Consumer			Purchased		Unallocated		Total
	(Dollars in thousands)
Beginning balance	$	477		$	2,312	$	520	$	53		$	303	$	-	$	3,665
Provision		217			205		147		6			217		-		792
Recoveries		8			-		23		31			-		-		62
Charge-offs		(124	)		-		-		(40	)		-		-		(164	)
Ending balance	$	578		$	2,517	$	690	$	50		$	520	$	-	$	4,355

	Six Months Ended December 31, 201 6
	Residential			Commercial			Commercial
	Real Estate			Real Estate			and Industrial			Consumer			Purchased		Unallocated		Total
	(Dollars in thousands)
Beginning balance	$	663		$	1,195		$	297		$	62		$	133	$	-	$	2,350
Provision		(93	)		577			224			63			49		-		820
Recoveries		29			19			11			32			-		-		91
Charge-offs		(25	)		(41	)		(1	)		(87	)		-		-		(154	)
Ending balance	$	574		$	1,750		$	531		$	70		$	182	$	-	$	3,107

The following table sets forth information regarding the allowance for loan losses by portfolio segment and impairment methodology.

	Dec ember 31, 2017
	Residential		Commercial		Commercial
	Real Estate		Real Estate		and Industrial		Consumer		Purchased		Unallocated		Total
	(Dollars in thousands)
Allowance for loan losses:
Individually evaluated	$	307	$	163	$	144	$	9	$	-	$	-	$	623
Collectively evaluated		271		2,354		546		41		-		-		3,212
ASC 310-30		-		-		-		-		520		-		520
Total	$	578	$	2,517	$	690	$	50	$	520	$	-	$	4,355
Loans:
Individually evaluated	$	6,053	$	3,867	$	2,592	$	315	$	-	$	-	$	12,827
Collectively evaluated		86,722		251,812		175,164		3,488		-		-		517,186
ASC 310-30		-		-		-		-		244,177		-		244,177
Total	$	92,775	$	255,679	$	177,756	$	3,803	$	244,177	$	-	$	774,190

	June 30, 201 7
	Residential		Commercial		Commercial
	Real Estate		Real Estate		and Industrial		Consumer		Purchased		Unallocated		Total
	(Dollars in thousands)
Allowance for loan losses:
Individually evaluated	$	252	$	147	$	149	$	4	$	-	$	-	$	552
Collectively evaluated		225		2,165		371		49		-		-		2,810
ASC 310-30		-		-		-		-		303		-		303
Total	$	477	$	2,312	$	520	$	53	$	303	$	-	$	3,665
Loans:
Individually evaluated	$	5,676	$	1,759	$	2,694	$	296	$	-	$	-	$	10,425
Collectively evaluated		92,014		254,521		171,774		4,073		-		-		522,382
ASC 310-30		-		-		-		-		246,388		-		246,388
Total	$	97,690	$	256,280	$	174,468	$	4,369	$	246,388	$	-	$	779,195

The following table sets forth information regarding impaired loans. Loans accounted for under ASC

310

that have

performed based on cash flow

and accretable yield expectations determined at date of acquisition are

not

considered impaired assets and have been excluded from the tables below.

	December 31 , 2017						June 30, 201 7
			Unpaid						Unpaid
	Recorded		Principal		Related		Recorded		Principal		Related
	Investment		Balance		Allowance		Investment		Balance		Allowance
	(Dollars in thousands)
Impaired loans without a valuation allowance:
Originated:
Residential real estate	$	3,848	$	3,840	$	-	$	4,052	$	4,084	$	-
Consumer		276		303		-		250		271		-
Commercial real estate		2,482		2,477		-		359		354		-
Commercial and industrial		1,758		1,758		-		1,870		1,870		-
Purchased:
Residential real estate		54		54		-		1,056		1,099		-
Commercial real estate		10,589		13,408		-		8,696		11,468		-
Commercial and industrial		24		57		-		32		65		-
Total		19,031		21,897		-		16,315		19,211		-

Impaired loans with a valuation allowance:
Originated:
Residential real estate		2,205		2,186		307		1,624		1,595		252
Consumer		39		41		9		46		55		4
Commercial real estate		1,385		1,374		163		1,400		1,388		147
Commercial and industrial		834		834		144		824		824		149
Purchased:
Residential real estate		166		180		4		-		-		-
Commercial real estate		4,676		5,102		190		3,528		3,929		176
Commercial and industrial		362		421		321		94		108		55
Total		9,667		10,138		1,138		7,516		7,899		783
Total impaired loans	$	28,698	$	32,035	$	1,138	$	23,831	$	27,110	$	783

The following tables set forth information regarding interest income recognized on impaired loans.

	Three Months Ended December 31,
	201 7				2016
	Average		Interest		Average		Interest
	Recorded		Income		Recorded		Income
	Investment		Recognized		Investment		Recognized
	(Dollars in thousands)
Impaired loans without a valuation allowance:
Originated:
Residential real estate	$	3,992	$	38	$	3,730	$	62
Consumer		285		7		200		8
Commercial real estate		2,454		1		466		15
Commercial and industrial		1,794		2		1,080		33
Purchased:
Residential real estate		566		-		1,087		-
Commercial real estate		9,814		102		4,705		47
Commercial and industrial		26		-		32		-
Total		18,931		150		11,300		165

Impaired loans with a valuation allowance:
Originated:
Residential real estate		1,904		42		1,952		73
Consumer		32		1		93		2
Commercial real estate		1,388		27		1,115		31
Commercial and industrial		850		2		504		12
Purchased:
Residential real estate		83		1		-		-
Commercial real estate		4,108		38		1,423		7
Commercial and industrial		228		3		28		2
Total		8,593		114		5,115		127
Total impaired loans	$	27,524	$	264	$	16,415	$	292

	Six Months Ended December 31,
	201 7				201 6
	Average		Interest		Average		Interest
	Recorded		Income		Recorded		Income
	Investment		Recognized		Investment		Recognized
	(Dollars in thousands)
Impaired loans without a valuation allowance:
Originated:
Residential real estate	$	4,012	$	74	$	3,550	$	111
Consumer		273		13		219		11
Commercial real estate		1,756		94		461		23
Commercial and industrial		1,819		39		725		36
Purchased:
Residential real estate		729		-		1,100		3
Commercial real estate		9,441		182		4,661		99
Commercial and industrial		28		-		21		-
Total		18,058		402		10,737		283

Impaired loans with a valuation allowance:
Originated:
Residential real estate		1,811		63		1,917		89
Consumer		36		2		97		4
Commercial real estate		1,392		49		1,155		49
Commercial and industrial		841		6		336		12
Purchased:
Residential real estate		55		1		-		-
Commercial real estate		3,915		65		1,443		24
Commercial and industrial		183		3		19		2
Total		8,233		189		4,967		180
Total impaired loans	$	26,291	$	591	$	15,704	$	463

Credit Quality

The Company utilizes a

ten

-point internal loan rating system for commercial real estate, construction, commercial and industrial, and certain residential loans as follows:

Loans rated

–

Loans in these categories are considered “pass” rated loans. Loans in categories

are considered to have low to average risk. Loans rated

are considered marginally acceptable business credits and have more than average risk.

Loans rated

Loans in this category are considered “special mention.” These loans show signs of potential weakness and are being closely monitored by management.

Loans rated

Loans in this category are considered “substandard.” Loans classified as substandard are inadequately protected by the current sound worth and paying capacity of the obligor or of the collateral pledged, if any. Assets so classified have a well-defined weakness or weaknesses that jeopardize the orderly repayment of the debt.

Loans rated

Loans in this category are considered “doubtful.” Loans classified as doubtful have all the weaknesses inherent in

one

graded

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 rated

10:

Loans in this category are considered “loss” and of such little value that their continuance as loans is

not

warranted.

On an annual basis, or more often if needed, the Company formally reviews the ratings of all loans subject to ris

k ratings. Annually, the Company engages an independent

third

-party to review a significant portion of loans within these segments. Management uses the results of these reviews as part of its annual review process. Risk ratings on purchased loans, with and without evidence of credit deterioration at acquisition, are determined relative to the Company’s recorded investment in that loan, which

may

be significantly lower than the loan’s unpaid principal balance.

The following tables present the Company

’s loans by risk rating.

	December 31 , 2017
	Originated Portfolio
	Commercial		Commercial				Purchased
	Real Estate		and Industrial		Residential (1)		Portfolio		Total
	(Dollars in thousands)
Loans rated 1- 6	$	248,576	$	174,482	$	13,754	$	231,544	$	668,356
Loans rated 7		4,537		2,186		66		3,021		9,810
Loans rated 8		2,566		1,088		1,298		9,612		14,564
Loans rated 9		-		-		19		-		19
Loans rated 10		-		-		-		-		-
	$	255,679	$	177,756	$	15,137	$	244,177	$	692,749

	June 30, 201 7
	Originated Portfolio
	Commercial		Commercial				Purchased
	Real Estate		and Industrial		Residential (1)		Portfolio		Total
	(Dollars in thousands)
Loans rated 1- 6	$	253,041	$	171,160	$	10,039	$	229,980	$	664,220
Loans rated 7		2,686		2,483		71		9,622		14,862
Loans rated 8		554		825		803		6,786		8,968
Loans rated 9		-		-		19		-		19
Loans rated 10		-		-		-		-		-
	$	256,281	$	174,468	$	10,932	$	246,388	$	688,069

(

)

Certain of the Company’s loans made for commercial purposes, but secured by residential collateral, are rated under the Company’s risk-rating system.

roubled Debt Restructurings

The following table shows the Company

’s post-modification balance of TDRs by type of modification.

	Three Months Ended December 31,								Six Months Ended December 31,
	201 7				201 6				201 7				201 6
	Number of		Recorded		Number of		Recorded		Number of		Recorded		Number of		Recorded
	Contracts		Investment		Contracts		Investment		Contracts		Investment		Contracts		Investment
	(Dollars in thousands)
Extended maturity		-	$	-		1	$	154		1	$	18		1	$	154
Adjusted interest rate		1		15		2		135		1		15		3		144
Rate and maturity		3		2,263		-		-		3		2,263		1		334
Principal deferment		2		283		1		161		3		938		1		161
Court ordered concession		-		-		-		-		-		-		-		-
		6	$	2,561		4	$	450		8	$	3,234		6	$	793

The following table shows loans modified in a TDR and the change in the recorded investment subsequent to the modifications occurring.

	Three Months Ended December 31,
	201 7						201 6
			Recorded		Recorded				Recorded		Recorded
	Number of		Investment		Investment		Number of		Investment		Investment
	Contracts		Pre-Modification		Post-Modification		Contracts		Pre-Modification		Post-Modification
	(Dollars in thousands)
Originated portfolio:
Residential real estate		2	$	29	$	30		3	$	266	$	289
Home equity		-		-		-		-		-		-
Commercial real estate		2		2,079		2,140		-		-		-
Commercial and industrial		-		-		-		1		91		161
Consumer		-		-		-		-		-		-
Total originated portfolio		4		2,108		2,170		4		357		450
Purchased portfolio:
Residential real estate		-		-		-		-		-		-
Commercial real estate		1		123		123		-		-		-
Commercial and industrial		1		268		268		-		-		-
Total purchased portfolio		2		391		391		-		-		-
Total		6	$	2,499	$	2,561		4	$	357	$	450

	Six Months Ended December 31 ,
	201 7						2016
			Recorded		Recorded				Recorded		Recorded
	Number of		Investment		Investment		Number of		Investment		Investment
	Contracts		Pre-Modification		Post-Modification		Contracts		Pre-Modification		Post-Modification
	(Dollars in thousands)
Originated portfolio:
Residential real estate		3	$	47	$	48		4	$	275	$	298
Home equity		-		-		-		-		-		-
Commercial real estate		2		2,079		2,140		-		-		-
Commercial and industrial		1		655		655		1		91		161
Consumer		-		-		-		-		-		-
Total originated portfolio		6		2,781		2,843		5		366		459
Purchased portfolio:
Residential real estate		-		-		-		-		-		-
Commercial real estate		1		123		123		-		-		-
Commercial and industrial		1		268		268		1		334		334
Total purchased portfolio		2		391		391		1		334		334
Total		8	$	3,172	$	3,234		6	$	700	$	793

The Company considers TDRs past due

days or more to be in pa

yment default.

loans modified in a TDR in the last

twelve

months defaulted during the

three

and

six

months ended

December 31, 2017.

As of

December 31, 2016

and

2017,

there were

further commitments to lend to borrowers associated with loans modified in a TDR.

ASC

310

Loans

The following tables present a summary of loans accounted for under ASC

310

that were acquired by the Company during the period indicated.

	Three Months Ended December 31, 201 7			Three Months Ended December 31, 2016
	(Dollars in thousands)
Contractually required payments receivable	$	49,408		$	68,466
Nonaccretable difference		(1,667	)		(977	)
Cash flows expected to be collected		47,741			67,489
Accretable yield		(12,939	)		(21,456	)
Fair value of loans acquired	$	34,802		$	46,033

	Six Months Ended December 31, 201 7			Six Months Ended December 31, 2016
	(Dollars in thousands)
Contractually required payments receivable	$	55,320		$	94,720
Nonaccretable difference		(1,824	)		(3,494	)
Cash flows expected to be collected		53,496			91,226
Accretable yield		(15,043	)		(31,340	)
Fair value of loans acquired	$	38,453		$	59,886

Certain

loans accounted for under ASC

310

that were acquired by the Company are

not

accounted for using the income recognition model because the Company cannot reasonably estimate cash flows expected to be collected. These loans when acquired are placed on nonaccrual. The carrying amounts of such loans are as follows.

	As of and for the Three Months Ended Dec ember 31, 2017		As of and for the Six Months Ended December 31 , 2017
	(Dollars in thousands)
Loans acquired during the period	$	5	$	5
Loans at end of period		6,901		6,901

The following table

s summarize the activity in the accretable yield for loans accounted for under ASC

310

30.

	Three Months Ended December 31, 201 7			Three Months Ended December 31, 201 6
	(Dollars in thousands)
Beginning balance	$	122,923		$	124,023
Acquisitions		12,939			21,456
Accretion		(4,244	)		(4,656	)
Reclassifications from non-accretable difference to accretable yield		1,095			973
Disposals and other changes		(7,810	)		(13,373	)
Ending balance	$	124,903		$	128,423

	Six Months Ended December 31, 201 7			Six Months Ended December 31, 201 6
	(Dollars in thousands)
Beginning balance	$	131,197		$	124,151
Acquisitions		15,043			31,340
Accretion		(8,669	)		(9,308	)
Reclassifications from non-accretable difference to accretable yield		4,523			1,131
Disposals and other changes		(17,191	)		(18,891	)
Ending balance	$	124,903		$	128,423

The following table provides information related to the unpaid principal balance and carrying amounts of ASC

310

loans.

	Dec ember 31, 2017		June 30, 201 7
	(Dollars in thousands)
Unpaid principal balance	$	266,374	$	271,709
Carrying amount		236,047		239,583

Note 5 - Transfers and Servicing of Financial Assets	6 Months Ended
Note 5 - Transfers and Servicing of Financial Assets	Dec. 31, 2017
Notes to Financial Statements
Transfers and Servicing of Financial Assets [Text Block]	5. Transfers and Servicing of Financial Assets The Company sells loans in the secondary market and for certain loans, retains the servicing responsibility. Consideration for the sale includes the cash received as well as the related servicing rights asset. The Company receives fees for the services provided. Capitalized servicing rights as of December 31, 2017 totaled $3.0 million, compared to $2.8 million as of June 30, 2017, and are classified as loan servicing rights, net, on the consolidated balance sheets. Mortgage loans sold in the quarter ended December 31, 2017 totaled $17.6 million, compared to $17.7 million in the quarter ended December 31, 2016. Mortgage loans sold in the six months ended December 31, 2017 totaled $36.7 million, compared to $42.7 million in the six months ended December 31, 2016. Mortgage loans serviced for others totaled $9.3 million at December 31, 2017 and $10.7 million at June 30, 2017. Additionally, the Company was servicing commercial loans participated out to various other institutions amounting to $29.3 million and $25.2 million at December 31, 2017 and June 30, 2017, respectively. SBA loans sold during the quarter ended December 31, 2017 totaled $3.4 million, compared to $17.5 million in the quarter ended December 31, 2016. SBA loans sold in the six months ended December 31, 2017 totaled $12.5 million, compared to $24.8 million in the six months ended December 31, 2016. SBA loans serviced for others totaled $146.8 million at December 31, 2017 and $144.4 million at June 30, 2017. Mortgage and SBA loans serviced for others are accounted for as sales and therefore are not included on the accompanying consolidated balance sheets. The risks inherent in mortgage servicing assets and SBA servicing assets relate primarily to changes in prepayments that result from shifts in interest rates. Contractually sp ecified servicing fees were $234 thousand and $248 thousand for the quarters ended December 31, 2017 and 2016, respectively, and were included as a component of loan-related fees within noninterest income. Contractually specified servicing fees were $497 thousand and $408 thousand for the six months ended December 31, 2017 and 2016, respectively. T he significant assumptions used in the valuation of the servicing rights included a range of discount rates from 9.6% to 15.8% and a weighted average prepayment speed assumption of 8.8%.

Note 6 - Earnings Per Share (EPS)

6 Months Ended

Dec. 31, 2017

Earnings Per Share [Text Block]

Earnings Per Share (EPS)

EPS is computed by dividing net income allocated to common shareholders by the weighted average common shares outstanding (including participating securities). The Company

’s only participating securities are unvested restricted stock awards that contain non-forfeitable rights to dividends. The following table shows the weighted average number of shares outstanding for the periods indicated. Shares issuable relative to stock options granted have been reflected as an increase in the shares outstanding used to calculate diluted EPS, after applying the treasury stock method. The number of shares outstanding for basic and diluted EPS is presented as follows:

	Three months Ended December 31,				Six months Ended December 31,
	201 7		201 6		201 7		201 6
	(I n thousands, except share and per share data)

Net income	$	3,304	$	3,100	$	7,890	$	4,851

Weighted average shares used in calculation of basic EPS		8,924,495		8,831,235		8,883,003		8,968,690
Incremental shares from assumed exercise of dilutive securities		243,589		33,383		246,007		30,372
Weighted average shares used in calculation of diluted EPS		9,168,084		8,864,618		9,129,010		8,999,062

Basic earnings per common share	$	0.37	$	0.35	$	0.89	$	0.54
Diluted earnings per common share	$	0.36	$	0.35	$	0.86	$	0.54

For the

three

and

six

months ended

December 31, 2017

and

2016,

the following stock options were excluded from the calculation of diluted EPS due to the exercise price of these options exceeding the average market price of the Company

’s common stock for the period. These options, which were

not

dilutive at that date,

may

potentially dilute EPS in the future.

	Three Months Ended December 31,				Six Months Ended December 31,
	201 7		2016		201 7		201 6
Stock options		-		714,545		-		714,545

Note 7 - Derivatives and Hedging Activities

6 Months Ended

Dec. 31, 2017

Derivative Instruments and Hedging Activities Disclosure [Text Block]

Derivatives and Hedging Activities

The Company has stand-alone derivative financial instruments in the form of interest rate caps that derive their value from a fee paid and are adjusted to fair value based on index and strike rate, and swap agreements that derive their value from the underlying interest rate. These transactions involve both credit and market risk. The notional amounts are amounts on which calculations, payments and the value of the derivative are based. Notional amounts do

not

represent direct credit exposures. Direct credit exposure arises in the event of nonperformance by the counterparties to these agreements, and is limited to the net difference between the calculated amounts to be received and paid, if any. Such differences, which represent the fair value of the derivative instruments, are reflected on the Company's balance sheet as derivative assets and derivative liabilities. The Company controls the credit risk of its financial contracts through credit approvals, limits and monitoring procedures, and does

not

expect any counterparties to fail to meet their obligations.

The Company currently holds derivati

ve instruments that contain credit-risk related features that are in a net liability position, which

may

require that collateral be assigned to dealer banks. At

December 31, 2017,

the Company had posted cash collateral totaling

$1.7

million with dealer banks related to derivative instruments in a net liability position.

The Company does

not

offset fair value amounts recognized for derivative instruments. The Company does

not

net the amount recognized for the right to reclaim cash collateral against the obligation to return cash collateral arising from derivative instruments executed with the same counterparty under a master netting arrangement.

Risk Management Policies

—Derivative Instruments

The Company evaluates the effectiveness of entering into any derivative instrument agreement by measuring the cost of such an agreement in relation to the reduction in net income volatility within an assumed range of interest rates.

Interest Rate Risk Management

—Cash Flow Hedging Instruments

The Company uses variable rate debt as a source of funds for use in the Company's lending and investment activities and other general business purposes. These debt obligations expose the Company to variability in interest payments due to changes in interest rates. If interest rates increase, interest expense increases. Conversely, if interest rates decrease, interest expense decreases. Management believes it is prudent to limit the variability of a portion of its interest payments and, therefore, generally hedges a portion of its variable-rate interest payments.

Information pertaining to outstanding interest rate caps and swap agreements used to hedge variable rate debt is as follows.

Dece mber 31, 2017
Notional Amount		Inception Date	Termination Date	Index	Receive Rate			Pay Rate			Strike Rate			Unrealized Loss			Fair Value			Balance Sheet Location
(Dollars in thousands)
Interest rate swaps:
$	5,000	July 2013	July 2033	3 Mo. LIBOR		1.69	%		3.38	%		n/a		$	(619	)	$	(619	)	Other Liabilities
	5,000	July 2013	July 2028	3 Mo. LIBOR		1.69	%		3.23	%		n/a			(409	)		(409	)	Other Liabilities
	5,000	July 2013	July 2023	3 Mo. LIBOR		1.69	%		2.77	%		n/a			(144	)		(144	)	Other Liabilities
Interest rate caps:
	6,000	October 2014	September 2019	3 Mo. LIBOR		n/a			n/a			2.50	%		(116	)		4		Other Assets
	10,000	March 2015	February 2020	3 Mo. LIBOR		n/a			n/a			2.50	%		(165	)		13		Other Assets
$	31,000													$	(1,453	)	$	(1,155	)

June 30, 2017
Notional Amount		Inception Date	Termination Date	Index	Receive Rate			Pay Rate			Strike Rate			Unrealized Loss			Fair Value			Balance Sheet Location
(Dollars in thousands)
Interest rate swaps:
$	5,000	July 2013	July 2033	3 Mo. LIBOR		1.30	%		3.38	%		n/a		$	(666	)	$	(666	)	Other Liabilities
	5,000	July 2013	July 2028	3 Mo. LIBOR		1.30	%		3.23	%		n/a			(471	)		(471	)	Other Liabilities
	5,000	July 2013	July 2023	3 Mo. LIBOR		1.30	%		2.77	%		n/a			(218	)		(218	)	Other Liabilities
Interest rate caps:
	6,000	October 2014	September 2019	3 Mo. LIBOR		n/a			n/a			2.50	%		(142	)		4		Other Assets
	10,000	March 2015	February 2020	3 Mo. LIBOR		n/a			n/a			2.50	%		(186	)		14		Other Assets
$	31,000													$	(1,683	)	$	(1,337	)

During the

three

and

six

months ended

December 31, 2017

and

2016,

interest rate cap or swap agreements were terminated prior to maturity. Changes in the fair value of interest rate caps and swaps designated as hedging instruments of the variability of cash flows associated with variable rate debt are reported in other comprehensive income. These amounts subsequently are reclassified into interest expense as a yield adjustment in the same period in which the related interest on the debt affects earnings. Risk management results for the

three

and

six

months ended

December 31, 2017

and

2016

related to the balance sheet hedging of variable rate debt indicates that the hedges were effective.

Note 8 - Other Comprehensive Income

6 Months Ended

Dec. 31, 2017

Comprehensive Income (Loss) Note [Text Block]

Other Comprehensive Income

The components of other comprehensive income are as follows:

	Three Months Ended December 31,
	201 7									201 6
	Pre-tax			Tax Expense			After-tax			Pre-tax			Tax Expense			After-tax
	Amount			(Benefit)			Amount			Amount			(Benefit)			Amount
	(Dollars in thousands)
Change in net unrealized loss on available-for-sale securities	$	(297	)	$	(113	)	$	(184	)	$	(1,336	)	$	(507	)	$	(829	)

Change in accumulated loss on effective cash flow hedges		160			60			100			1,486			566			920
Reclassification adjustment for losses included in net income		26			10			16			8			3			5
Total derivatives and hedging activities		186			70			116			1,494			569			925
To tal other comprehensive (loss) income	$	(111	)	$	(43	)	$	(68	)	$	158		$	62		$	96

	Six Months Ended December 31,
	201 7									201 6
	Pre-tax			Tax Expense			After-tax			Pre-tax			Tax Expense			After-tax
	Amount			(Benefit)			Amount			Amount			(Benefit)			Amount
	(Dollars in thousands)
Change in net unrealized gain or loss on available-for-sale securities	$	(175	)	$	(68	)	$	(107	)	$	(1,414	)	$	(537	)	$	(877	)

Change in accumulated loss on effective cash flow hedges		181			68			113			1,633			624			1,009
Reclassification adjustment for losses included in net income		49			19			30			14			5			9
Total derivatives and hedging activities		230			87			143			1,647			629			1,018
Total other comprehensive income	$	55		$	19		$	36		$	233		$	92		$	141

Accumulated other comprehensive loss is comprised of the following:

	Dec ember 31, 2017			June 30, 2017
	(Dollars in thousands)
Unrealized loss on available-for-sale securities	$	(1,123	)	$	(948	)
Tax effect		428			360
After tax amount		(695	)		(588	)
Unrealized loss on cash flow hedges		(1,453	)		(1,683	)
Tax effect		552			639
After tax amount		(901	)		(1,044	)
Accumulated other comprehensive loss	$	(1,596	)	$	(1,632	)

Note 9 - Commitments and Contingencies

6 Months Ended

Dec. 31, 2017

Commitments and Contingencies Disclosure [Text Block]

Commitments and Contingencies

Commitments

The Company is a party to financial instruments with off-balance sheet risk in the normal course of business to meet the financing needs of its customers and to reduce its own exposure to fluctuations in interest rates. These financial instruments include commitments to extend credit

, standby letters of credit, and commitments to fund investments. Those instruments involve, to varying degrees, elements of credit and interest rate risk in excess of the amount recognized on the consolidated balance sheets. The contract amounts of those instruments reflect the extent of involvement the Company has in particular classes of financial instruments.

The Company

’s exposure to credit loss in the event of nonperformance by the other party to the financial instrument for commitments to extend credit and standby letters of credit is represented by the contractual amount of those instruments. The Company uses the same credit policies in making commitments and conditional obligations as it does for on-balance sheet instruments.

Financial instruments with contract amounts which represent credit risk are as follows

	December 31 , 2017		June 30, 201 7
	(Dollars in thousands)
Commitments to grant loans	$	40,537	$	15,244
Unfunded commitments under lines of credit		33,757		31,858
Standby letters of credit		3,460		3,400
Commitment to fund investment s		-		1,000

Commitments to extend credit are agreements to lend to a customer as long as there is

violation of any condition established in the contract. Commitments generally have fixed expiration dates or other termination clauses and

may

require payment of a fee. Since many of the commitments are expected to expire without being drawn upon, the total commitment amounts do

not

necessarily represent future cash requirements. The Company evaluates each customer

’s credit worthiness on a case-by-case basis. The amount of collateral obtained, if deemed necessary by the Company upon extension of credit, is based on management’s credit evaluation of the counter party. Collateral held varies but

may

include accounts receivable, inventory, property, plant and equipment, and income-producing commercial properties. The Company has recorded an allowance for possible losses on commitments and unfunded loans totaling

$79

thousand and

$39

thousand recorded in other liabilities at

December 31, 2017

and

June 30, 2017,

respectively.

As of

December 31, 2017,

the Company does

not

have a commitment to fund investments.

Contingencies

The Company and its subsidiary are parties to litigation and claims arising in the normal course of business. Management believes that the liabilities, if any, arising from such litigation and claims will

not

be material to the Company

’s consolidated financial position or results of operations.

Note 10 - Stock-based Compensation

6 Months Ended

Dec. 31, 2017

Disclosure of Compensation Related Costs, Share-based Payments [Text Block]

10.	Stock-Based Compensation

March 2016,

the FASB issued

ASU

2016

09.

The new guidance simplifies several aspects of the accounting for share-based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities, and classification on the statement of cash flows. Entities are now required to recognize the income tax effects of awards in the income statement when the awards vest or are settled.

The Company adopted ASU

2016

in the

first

quarter of fiscal

2018.

Upon adoption, the most significant impact of this amendment resulted from the prospective application of current excess tax benefits and deficiencies being recognized in income tax expense, which previously would have been recognized in additional paid-in capital.

In addition to the excess tax benefit treatment, the amendment removed the assumed proceeds related to the excess tax benefit from the calculation of diluted

shares. Additionally, dividends paid to employees for nonvested equity shares are also recognized through income tax expense.

For the

six

months ended

December 31, 2017,

in totality, the adoption of ASU

2016

reduced the Company's income tax expense by

$1.1

million. The excess tax benefit under the new guidance is treated as a discrete item in the period in which it occurs, and will vary from quarter to quarter as a function of the volume of restricted stock that vests, the volume of options that are exercised and the market price of the Company's stock in comparison to the compensation cost recognized in the consolidated financial statements.

pon adoption, the Company made a policy election to record forfeitures as they occur rather than make use of an estimate. The other provisions did

not

have a material impact on the Company's consolidated financial statements upon adoption.

Note 11 - Income Taxes

6 Months Ended

Dec. 31, 2017

Income Tax Disclosure [Text Block]

11 .	Income Taxes

December 22, 2017,

Presiden

t Donald Trump signed into law the "Tax Cuts and Jobs Act", which among other items reduces the federal corporate tax rate to

21%

from the previous federal corporate tax rate of

35%.

The change in federal tax rate resulted in a

$762

thousand decrease in federal income tax expense during the quarter ended

December 31, 2017.

Of this total,

$328

thousand was related to the decrease in the federal corporate income tax rate for the

three

months ended

December 31, 2017

and

$434

thousand was related to income tax expense previously recorded in the

three

months ended

September 30, 2017,

to arrive at the required blended federal corporate income tax rate of

28.0%

for fiscal

2018.

The change in the federal corporate tax rate

also required the Company to revalue its deferred tax assets at the new federal rate. The Company performed an analysis to determine the impact of the revaluation of the deferred tax asset, which included a forecast of the expected deferred tax asset as of

June 30, 2018.

The result was a write-down of the deferred tax asset of

$498

thousand, which increased federal income tax expense in the quarter ended

December 31, 2017.

Included in the deferred tax asset was the revaluation of the tax on the available-for-sale securities, interest rate swaps and interest rate caps.

Currently, the effect of the revaluation is an adjustment to the income tax provision and would remain in accumulated other comprehensive income (“AOCI”) until the investments either mature or are sold or the interest rate swaps and caps mature or are terminated. The FASB is currently contemplating whether this “stranded” AOCI should be reclassified to retained earnings. Pending a ruling by the FASB on the financial reporting effects of the Tax Cuts and Jobs Act, the Company left the “stranded” AOCI in AOCI, and, if required, will reclassify the amount when the final ruling is announced. The effect would be a reclassification of

$283

thousand from AOCI to retained earnings, with

net effect on shareholders' equity.

Note 12 - Fair Value Measurements

6 Months Ended

Dec. 31, 2017

Fair Value Disclosures [Text Block]

Fair Value Measurements

Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction (that is,

not

a forced liquidation or distressed sale) between market participants at the measurement date under current market conditions. The Company uses prices and inputs that are current as of the measurement date, including during periods of market dislocation. In periods of market dislocation, the observability of prices and inputs

may

be reduced for many instruments. This condition could cause an instrument to be reclassified from

one

level to another.

When market assumptions are

not

readily available, the Company’s own assumptions are set to reflect those that market participants would use in pricing the asset or liability at the measurement date. If there has been a significant decrease in the volume and level of activity for the asset or liability, regardless of the valuation technique(s) used, the objective of a fair value measurement remains the same.

ASC

820

defines fair value and establishes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level

measurements) and the lowest priority to unobservable inputs (Level

measurements). The

three

levels of the fair value hierarchy under ASC

820

are described below:

Level

— Inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities that the reporting entity has the ability to access at the measurement date

Level

— Valuations based on significant observable inputs other than Level

prices such as quoted prices for similar assets or liabilities; quoted prices in markets that are

not

active; or other inputs that are observable or can be corroborated by observable market data.

Level

— Prices or valuations that require inputs that are both significant to the fair value measurement and unobservable.

To the extent that valuation is based on models or inputs that are less observable or unobservable in the market, the determination of fair value requires more judgment. Accordingly, the degree of judgment exercised by the Company in determining fair value is greatest for instruments categorized in Level

A financial instrument

’s level within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value measurement

Valuation technique

s - There have been

changes in the valuation techniques used during the current period.

Transfers

- There were

transfers of assets and liabilities measured at fair value on a recurring or nonrecurring basis during the current period

Assets and Liabilities Measured at Fair Value on a Recurring Basis:

Available-for-sale securities

- Where quoted prices are available in an active market, securities are classified within Level

of the valuation hierarchy. Examples of such instruments include publicly-traded common and preferred stocks. If quoted prices are

not

available, then fair values are estimated by using pricing models (

i.e.

, matrix pricing) and market interest rates and credit assumptions or quoted prices of securities with similar characteristics and are classified within Level

of the valuation hierarchy. Examples of such instruments include government agency and government sponsored enterprise mortgage-backed securities, as well as certain preferred and trust preferred stocks. Level

securities are securities for which significant unobservable inputs are utilized.

Certain investments are measured at fair value using the net asset value per share as a practical expedient. These investments include a fund that seeks to invest in securities either issued or guaranteed by the U.S. government or its agencies,

as well as a fund that primarily invests in the federally guaranteed portion of SBA

(a) loans. The Company’s investment in securities either issued or guaranteed by the U.S. government or its agencies can be redeemed daily at the closing net asset value per share.

The Company’s investment in SBA

(a) loans can be redeemed quarterly with

sixty

days’ notice. In accordance with ASU

2015

07,

these investments have

not

been included in the fair value hierarchy.

Derivative financial instruments

- The valuation of the Company’s interest rate swaps and caps are determined using widely accepted valuation techniques including discounted cash flow analyses on the expected cash flows of derivatives. These analyses reflect the contractual terms of the derivatives, including the period to maturity, and use observable market-based inputs, including forward interest rate curves and implied volatilities. Unobservable inputs, such as credit valuation adjustments are insignificant to the overall valuation of the Company’s derivative financial instruments. Accordingly, the Company has determined that its interest rate derivatives fall within Level

of the fair value hierarchy.

The fair value of derivative loan commitments and forward loan sale agreements are estimated using the anticipated market price based on pricing indications provided from syndicate banks. These commitments and agreements are categorized as Level

The fair value of such instruments was nominal at each date presented

Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis:

Collateral dependent impaired l

oans

- Valuations of impaired loans measured at fair value are determined by a review of collateral values. Certain inputs used in appraisals are

not

always observable, and therefore impaired loans are generally categorized as Level

within the fair value hierarchy.

Real estate o

ed and other r

epossessed collateral

- The fair values of real estate owned and other repossessed collateral are estimated based upon appraised values less estimated costs to sell. Certain inputs used in appraisals are

not

always observable, and therefore

may

be categorized as Level

within the fair value hierarchy. When inputs used in appraisals are primarily observable, they are classified as Level

Loan servicing rights

The fair value of the servicing rights is based on a valuation model that calculates the present value of estimated future net servicing income. Adjustments are only recorded when the discounted cash flows derived from the valuation model are less than the carrying value of the asset. Certain inputs are

not

observable, and therefore loan servicing rights are generally categorized as Level

within the fair value hierarchy.

Fair Value of other Financial Instruments:

Cash and cash equivalents

- The fair value of cash, due from banks, interest bearing deposits and Federal Home Loan Bank of Boston (“FHLBB”) overnight deposits approximates their relative book values, as these financial instruments have short maturities.

FHL

B stock

- The carrying value of FHLBB stock approximates fair value based on redemption provisions of the FHLBB.

Loans

- Fair values are estimated for portfolios of loans with similar financial characteristics. The fair value of performing loans is calculated by discounting scheduled cash flows through the estimated maturity using estimated market discount rates that reflect the credit and interest rate risk inherent in the loan. The estimates of maturity are based on the Company’s historical experience with repayments for each loan classification, modified, as required, by an estimate of the effect of current economic conditions, lending conditions and the effects of estimated prepayments.

Loans held for sale

- The fair value of loans held-for-sale is estimated based on bid quotations received from loan dealers.

Interest receivable

- The fair value of this financial instrument approximates the book value as this financial instrument has a short maturity. It is the Company’s policy to stop accruing interest on loans past due by more than

days. Therefore, this financial instrument has been adjusted for estimated credit losses.

Deposits

- The fair value of deposits with

stated maturity, such as noninterest-bearing demand deposits, savings, NOW accounts and money market accounts, is equal to the amount payable on demand. The fair values of time deposits are based on the discounted value of contractual cash flows. The discount rate is estimated using the rates currently offered for deposits of similar remaining maturities. The fair value estimates do

not

include the benefit that results from the low-cost funding provided by the deposit liabilities compared to the cost of borrowing funds in the market. If that value were considered, the fair value of the Company’s net assets could increase

FHLBB advances, capital lease obligations and subordinated debentures

- The fair value of the Company’s borrowings with the FHLBB is estimated by discounting the cash flows through maturity or the next re-pricing date based on current rates available to the Company for borrowings with similar maturities. The fair value of the Company’s capital lease obligations and subordinated debentures are estimated by discounting the cash flows through maturity based on current rates available to the Company for borrowings with similar maturities

Off-Balance Sheet Credit-Related Instruments

- Fair values for off-balance-sheet, credit-related financial instruments are based on fees currently charged to enter into similar agreements, taking into account the remaining terms of the agreements and the counterparties’ credit standing. The fair value of such instruments was nominal at each date presented.

Assets and liabilities measured at fair value on a recurring basis are summarized below.

	December 31 , 2017
	Total		Level 1		Level 2		Level 3
	(Dollars in thousands)
Assets
Available-for-sale securities :
U.S. Government agency securities	$	57,092	$	-	$	57,092	$	-
Agency mortgage-backed securities		28,580		-		28,580		-
Other investment s measured at net asset value (1)		6,667		-		-		-
Other assets – interest rate caps		17		-		17		-
Liabilities
Other liabilities – interest rate swaps	$	1,172	$	-	$	1,172	$	-

	June 30, 201 7
	Total		Level 1		Level 2		Level 3
	(Dollars in thousands)
Assets
Available-for-sale securities :
U.S. Government agency securities	$	57,168	$	-	$	57,168	$	-
Agency mortgage-backed securities		32,903		-		32,903		-
Other investments measured at net asset value (1)		6,622		-		-		-
Other assets – interest rate caps		18		-		18		-
Liabilities
Other liabilities – interest rate swap	$	1,355	$	-	$	1,355	$	-

(

)

accordance with ASU

820

10,

certain investments that are measured at fair value using the net asset value per share (or its equivalent) as a practical expedient

have

not

been classified in the fair value hierarchy. The fair value amount presented in the table are intended to permit reconcil

iation of the fair value amount to the

consolidated financial statements.

Assets

measured at fair value on a nonrecurring basis are summarized below.

	Dec ember 31, 2017
	Total		Level 1		Level 2		Level 3
	(Dollars in thousands)
Collateral dependent impaired loans	$	2,217	$	-	$	-	$	2,217
Real estate owned and other repossessed collateral		910		-		-		910
Loan servicing rights		3,005		-		-		3,005

	June 30, 201 7
	Total		Level 1		Level 2		Level 3
	(Dollars in thousands)
Collateral dependent impaired loans	$	1,011	$	-	$	-	$	1,011
Real estate owned and other repossessed collateral		826		-		-		826
Loan servicing rights		2,846		-		-		2,846

The table below presents quantitative information about significant unobservable inputs (Level

) for assets measured at fair value on a nonrecurring basis at the dates indicated.

	Fair Value
	Dec ember 31, 2017		June 30, 2017		Valuation Technique
	(Dollars in thousands)
Collateral dependent impaired loans	$	2,217	$	1,011	Appraisal of collateral (1)
Real estate owned and other repossessed collateral		910		826	Appraisal of collateral (1)
Loan servicing rights		3,005		2,846	Discounted cash flow (2)

(

)

Fair value is generally determined through independent appraisals of the underlying collateral. The Company

may

also use another available source of collateral assessment to determine a reasonable estimate of the fair value of the collateral. Appraisals

may

be adjusted by management for qualitative factors such as economic factors and estimated liquidation expenses. The range of these possible adjustments was

81%.

(

) Fair value is determined using a discounted cash flow model. The unobservable inputs include anticipated rate of loan prepayments and discount rates. The range of prepayment assumptions used was

4.2%

11.4%.

For discount rates, the range was

9.6%

15.8%.

The table below summarizes the total gains (losses) on assets measured at fair value on a non-recurring basis for the

three

and

six

months ended

December 31, 2017

and

2016.

	Three months Ended December 31,						Six months Ended December 31,
	201 7			201 6			201 7			201 6
	(In thousands)

Collateral dependent impaired loans	$	(328	)	$	(273	)	$	(351	)	$	(363	)
Real estate owned and other repossessed collateral		45			83			45			70
Loan servicing rights		110			(220	)		110			(220	)
Total	$	(173	)	$	(410	)	$	(196	)	$	(513	)

The following table presents the estimated fair value of the Company's financial instruments.

	Carrying		Fair Value Measurements at December 31, 2017
	Amount		Total		Level 1		Level 2		Level 3
	(Dollars in thousands)
Financial assets:
Cash and cash equivalents	$	128,223	$	128,223	$	128,223	$	-	$	-
Available-for-sale securities		85,672		85,672		-		85,672		-
Other investments measured at net asset value (1)		6,667		6,667		-		-		-
Federal Home Loan Bank stock		1,758		1,758		-		1,758		-
Loans held for sale		6,333		6,333		-		6,333		-
Loans, net		769,835		773,755		-		-		773,755
Accrued interest receivable		2,245		2,245		-		2,245		-
Interest rate caps		17		17		-		17		-

Financial liabilities:
Deposits		848,654		848,766		-		848,766		-
Federal Home Loan Bank advances		15,000		15,000		-		15,000		-
Capital lease obligation		741		768		-		768		-
Subordinated debentures		23,790		25,291		-		-		25,291
Interest rate swaps		1,172		1,172		-		1,172		-

	Carrying		Fair Value Measurements at June 30, 2017
	Amount		Total		Level 1		Level 2		Level 3
	(Dollars in thousands)
Financial assets:
Cash and cash equivalents	$	163,283	$	163,283	$	163,283	$	-	$	-
Available-for-sale securities		90,071		90,071		-		90,071		-
Other investments measured at net asset value (1)		6,622		6,622		-		-		-
Federal Home Loan Bank stock		1,938		1,938		-		1,938		-
Loans held for sale		4,699		4,699		-		4,699		-
Loans, net		775,530		776,579		-		-		776,579
Accrued interest receivable		2,111		2,111		-		2,111		-
Interest rate caps		18		18		-		18		-

Financial liabilities:
Deposits		889,850		889,877		-		889,877		-
Federal Home Loan Bank advances		20,011		20,057		-		20,057		-
Capital lease obligation		873		918		-		918		-
Subordinated debentures		23,620		25,677		-		-		25,677
Interest rate swaps		1,355		1,355		-		1,355		-

(

)

accordance with ASU

820

10,

certain investments that are measured at fair value using the net asset value per share (or its equivalent) as a practical expedient

have

not

been classified in the fair value hierarchy. The fair value amount presented in the table are intended to permit reconciliation of the fair value amount to the consolidated financial statements.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

Note 3 - Available-for-Sale Securities (Tables)

6 Months Ended

Dec. 31, 2017

Schedule of Available-for-sale Securities Reconciliation [Table Text Block]

	December 31 , 2017
	Amortized		Gross Unrealized		Gross Unrealized			Fair
	Cost		Gains		Losses			Value
	(Dollars in thousands)
U.S. Government agency securities	$	57,365	$	-	$	(273	)	$	57,092
Agency mortgage-backed securities		29,306		-		(726	)		28,580
Other investment s measured at net asset value		6,791		-		(124	)		6,667
	$	93,462	$	-	$	(1,123	)	$	92,339

	June 30, 201 7
	Amortized		Gross Unrealized		Gross Unrealized			Fair
	Cost		Gains		Losses			Value
	(Dollars in thousands)
U.S. Government agency securities	$	57,401	$	-	$	(233	)	$	57,168
Agency mortgage-backed securities		33,523		-		(620	)		32,903
Oth er investments measured at net asset value		6,717		-		(95	)		6,622
	$	97,641	$	-	$	(948	)	$	96,693

Schedule of Unrealized Loss on Investments [Table Text Block]

	Dec ember 31, 2017
	Less than 12 Months					More than 12 Months					Total
	Fair		Unrealized			Fair		Unrealized			Fair		Unrealized
	Value		Losses			Value		Losses			Value		Losses
	(Dollars in thousands)
U.S. Government agency securities	$	21,111	$	(86	)	$	35,981	$	(187	)	$	57,092	$	(273	)
Agency mortgage-backed securities		1,627		(9	)		26,953		(717	)		28,580		(726	)
Other investment s measured at net asset value		-		-			5,142		(124	)		5,142		(124	)
	$	22,738	$	(95	)	$	68,076	$	(1,028	)	$	90,814	$	(1,123	)

	June 30, 201 7
	Less than 12 Months					More than 12 Months					Total
	Fair		Unrealized			Fair		Unrealized			Fair		Unrealized
	Value		Losses			Value		Losses			Value		Losses
	(Dollars in thousands)
U.S. Government agency securities	$	57,168	$	(233	)	$	-	$	-		$	57,168	$	(233	)
Agency mortgage-backed securities		19,571		(298	)		13,332		(322	)		32,903		(620	)
Other investment s measured at net asset value		5,115		(95	)		-		-			5,115		(95	)
	$	81,854	$	(626	)	$	13,332	$	(322	)	$	95,186	$	(948	)

Investments Classified by Contractual Maturity Date [Table Text Block]

	Amortized Cost		Fair Value
	(Dollars in thousands)
Due within one year	$	39,168	$	38,981
Due after one year through five years		18,197		18,111
Due after five years through ten years		-		-
Due after ten years		-		-
Total U.S. Government agency securities		57,365		57,092
Agency mortgage-backed securities		29,306		28,580
Total debt securities	$	86,671	$	85,672

Note 4 - Loans, Allowance for Loan Losses and Credit Quality (Tables)

6 Months Ended

Dec. 31, 2017

Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]

	December 31, 201 7						June 30, 201 7
	Originate d		Purchase d		Tota l		Originate d		Purchase d		Tota l
	(Dollars in thousands )
Residential real estat e	$	80,462	$	4,723	$	85,185	$	83,759	$	3,377	$	87,136
Home equit y		12,313		95		12,408		13,931		101		14,032
Commercial real estat e		255,679		238,275		493,954		256,280		241,724		498,004
Commercial and industria l		177,756		1,084		178,840		174,468		1,186		175,654
Consumer		3,803		-		3,803		4,369		-		4,369
Total loan s	$	530,013	$	244,177	$	774,190	$	532,807	$	246,388	$	779,195

Past Due Financing Receivables [Table Text Block]

	December 31 , 2017
	Past Due 30-59 Days		Past Due 60-89 Days		Past Due 90 Days or More-Still Accruing		Past Due 90 Days or More- Nonaccrual		Total Past Due		Total Current		Total Loans		Nonaccrual Loans
	(Dollars in thousands)
Originated portfolio:
Residential real estate	$	1,472	$	618	$	-	$	2,108	$	4,198	$	76,264	$	80,462	$	3,783
Home equity		-		148		-		108		256		12,057		12,313		107
Commercial real estate		1,870		288		-		123		2,281		253,398		255,679		2,537
Commercial and industrial		1,004		36		-		-		1,040		176,716		177,756		2,555
Consumer		55		53		-		36		144		3659		3,803		147
Total originated portfolio		4,401		1,143		-		2,375		7,919		522,094		530,013		9,129
Purchased portfolio:
Residential real estate and home equity		-		-		-		220		220		4,598		4,818		220
Commercial and industrial		217		-		-		-		217		867		1,084		292
Commercial real estate		10,918		5,971		-		4,712		21,601		216,674		238,275		8,450
Total purchased portfolio		11,135		5,971		-		4,932		22,038		222,139		244,177		8,962
Total loans	$	15,536	$	7,114	$	-	$	7,307	$	29,957	$	744,233	$	774,190	$	18,091

	June 30, 2017
	Past Due 30-59 Days		Past Due 60-89 Days		Past Due 90 Days or More-Still Accruing		Past Due 90 Days or More- Nonaccrual		Total Past Due		Total Current		Total Loans		Nonaccrual Loans
	(Dollars in thousands)
Originated portfolio:
Residential real estate	$	141	$	574	$	-	$	1,398	$	2,113	$	81,646	$	83,759	$	3,337
Home equity		49		-		-		58		107		13,824		13,931		58
Commercial real estate		2,266		-		-		124		2,390		253,890		256,280		413
Commercial and industrial		-		-		-		2,433		2,433		172,035		174,468		2,600
Consumer		69		50		-		32		151		4,218		4,369		103
Total originated portfolio		2,525		624		-		4,045		7,194		525,613		532,807		6,511
Purchased portfolio:
Residential real estate and home equity		-		1,082		-		16		1,098		2,380		3,478		1,056
Commercial and industrial		-		-		-		-		-		1,186		1,186		32
Commercial real estate		173		1,997		-		2,922		5,092		236,632		241,724		6,364
Total purchased portfolio		173		3,079		-		2,938		6,190		240,198		246,388		7,452
Total loans	$	2,698	$	3,703	$	-	$	6,983	$	13,384	$	765,811	$	779,195	$	13,963

Allowance for Credit Losses on Financing Receivables [Table Text Block]

	Three Months Ended December 31 , 2017
	Residential			Commercial		Commercial
	Real Estate			Real Estate		and Industrial			Consumer			Purchased		Unallocated		Total
	(Dollars in thousands)
Beginning balance	$	513		$	2,443	$	727		$	41		$	310	$	-	$	4,034
Provision		176			74		(42	)		19			210		-		437
Recoveries		1			-		5			25			-		-		31
Charge-offs		(112	)		-		-			(35	)		-		-		(147	)
Ending balance	$	578		$	2,517	$	690		$	50		$	520	$	-	$	4,355

	Three Months Ended December 31, 2016
	Residential		Commercial			Commercial
	Real Estate		Real Estate			and Industrial		Consumer			Purchased		Unallocated		Total
	(Dollars in thousands)
Beginning balance	$	541	$	1,421		$	318	$	68		$	158	$	-	$	2,506
Provision		6		351			207		40			24		-		628
Recoveries		27		19			6		21			-		-		73
Charge-offs		-		(41	)		-		(59	)		-		-		(100	)
Ending balance	$	574	$	1,750		$	531	$	70		$	182	$	-	$	3,107

	Six Months Ended December 31, 2017
	Residential			Commercial		Commercial
	Real Estate			Real Estate		and Industrial		Consumer			Purchased		Unallocated		Total
	(Dollars in thousands)
Beginning balance	$	477		$	2,312	$	520	$	53		$	303	$	-	$	3,665
Provision		217			205		147		6			217		-		792
Recoveries		8			-		23		31			-		-		62
Charge-offs		(124	)		-		-		(40	)		-		-		(164	)
Ending balance	$	578		$	2,517	$	690	$	50		$	520	$	-	$	4,355

	Six Months Ended December 31, 201 6
	Residential			Commercial			Commercial
	Real Estate			Real Estate			and Industrial			Consumer			Purchased		Unallocated		Total
	(Dollars in thousands)
Beginning balance	$	663		$	1,195		$	297		$	62		$	133	$	-	$	2,350
Provision		(93	)		577			224			63			49		-		820
Recoveries		29			19			11			32			-		-		91
Charge-offs		(25	)		(41	)		(1	)		(87	)		-		-		(154	)
Ending balance	$	574		$	1,750		$	531		$	70		$	182	$	-	$	3,107

Schedule of Allowance for Loan Losses by Portfolio Segment and Impairment Methodology [Table Text Block]

	Dec ember 31, 2017
	Residential		Commercial		Commercial
	Real Estate		Real Estate		and Industrial		Consumer		Purchased		Unallocated		Total
	(Dollars in thousands)
Allowance for loan losses:
Individually evaluated	$	307	$	163	$	144	$	9	$	-	$	-	$	623
Collectively evaluated		271		2,354		546		41		-		-		3,212
ASC 310-30		-		-		-		-		520		-		520
Total	$	578	$	2,517	$	690	$	50	$	520	$	-	$	4,355
Loans:
Individually evaluated	$	6,053	$	3,867	$	2,592	$	315	$	-	$	-	$	12,827
Collectively evaluated		86,722		251,812		175,164		3,488		-		-		517,186
ASC 310-30		-		-		-		-		244,177		-		244,177
Total	$	92,775	$	255,679	$	177,756	$	3,803	$	244,177	$	-	$	774,190

	June 30, 201 7
	Residential		Commercial		Commercial
	Real Estate		Real Estate		and Industrial		Consumer		Purchased		Unallocated		Total
	(Dollars in thousands)
Allowance for loan losses:
Individually evaluated	$	252	$	147	$	149	$	4	$	-	$	-	$	552
Collectively evaluated		225		2,165		371		49		-		-		2,810
ASC 310-30		-		-		-		-		303		-		303
Total	$	477	$	2,312	$	520	$	53	$	303	$	-	$	3,665
Loans:
Individually evaluated	$	5,676	$	1,759	$	2,694	$	296	$	-	$	-	$	10,425
Collectively evaluated		92,014		254,521		171,774		4,073		-		-		522,382
ASC 310-30		-		-		-		-		246,388		-		246,388
Total	$	97,690	$	256,280	$	174,468	$	4,369	$	246,388	$	-	$	779,195

Impaired Financing Receivables [Table Text Block]

	December 31 , 2017						June 30, 201 7
			Unpaid						Unpaid
	Recorded		Principal		Related		Recorded		Principal		Related
	Investment		Balance		Allowance		Investment		Balance		Allowance
	(Dollars in thousands)
Impaired loans without a valuation allowance:
Originated:
Residential real estate	$	3,848	$	3,840	$	-	$	4,052	$	4,084	$	-
Consumer		276		303		-		250		271		-
Commercial real estate		2,482		2,477		-		359		354		-
Commercial and industrial		1,758		1,758		-		1,870		1,870		-
Purchased:
Residential real estate		54		54		-		1,056		1,099		-
Commercial real estate		10,589		13,408		-		8,696		11,468		-
Commercial and industrial		24		57		-		32		65		-
Total		19,031		21,897		-		16,315		19,211		-

Impaired loans with a valuation allowance:
Originated:
Residential real estate		2,205		2,186		307		1,624		1,595		252
Consumer		39		41		9		46		55		4
Commercial real estate		1,385		1,374		163		1,400		1,388		147
Commercial and industrial		834		834		144		824		824		149
Purchased:
Residential real estate		166		180		4		-		-		-
Commercial real estate		4,676		5,102		190		3,528		3,929		176
Commercial and industrial		362		421		321		94		108		55
Total		9,667		10,138		1,138		7,516		7,899		783
Total impaired loans	$	28,698	$	32,035	$	1,138	$	23,831	$	27,110	$	783

	Three Months Ended December 31,
	201 7				2016
	Average		Interest		Average		Interest
	Recorded		Income		Recorded		Income
	Investment		Recognized		Investment		Recognized
	(Dollars in thousands)
Impaired loans without a valuation allowance:
Originated:
Residential real estate	$	3,992	$	38	$	3,730	$	62
Consumer		285		7		200		8
Commercial real estate		2,454		1		466		15
Commercial and industrial		1,794		2		1,080		33
Purchased:
Residential real estate		566		-		1,087		-
Commercial real estate		9,814		102		4,705		47
Commercial and industrial		26		-		32		-
Total		18,931		150		11,300		165

Impaired loans with a valuation allowance:
Originated:
Residential real estate		1,904		42		1,952		73
Consumer		32		1		93		2
Commercial real estate		1,388		27		1,115		31
Commercial and industrial		850		2		504		12
Purchased:
Residential real estate		83		1		-		-
Commercial real estate		4,108		38		1,423		7
Commercial and industrial		228		3		28		2
Total		8,593		114		5,115		127
Total impaired loans	$	27,524	$	264	$	16,415	$	292

	Six Months Ended December 31,
	201 7				201 6
	Average		Interest		Average		Interest
	Recorded		Income		Recorded		Income
	Investment		Recognized		Investment		Recognized
	(Dollars in thousands)
Impaired loans without a valuation allowance:
Originated:
Residential real estate	$	4,012	$	74	$	3,550	$	111
Consumer		273		13		219		11
Commercial real estate		1,756		94		461		23
Commercial and industrial		1,819		39		725		36
Purchased:
Residential real estate		729		-		1,100		3
Commercial real estate		9,441		182		4,661		99
Commercial and industrial		28		-		21		-
Total		18,058		402		10,737		283

Impaired loans with a valuation allowance:
Originated:
Residential real estate		1,811		63		1,917		89
Consumer		36		2		97		4
Commercial real estate		1,392		49		1,155		49
Commercial and industrial		841		6		336		12
Purchased:
Residential real estate		55		1		-		-
Commercial real estate		3,915		65		1,443		24
Commercial and industrial		183		3		19		2
Total		8,233		189		4,967		180
Total impaired loans	$	26,291	$	591	$	15,704	$	463

Financing Receivable Credit Quality Indicators [Table Text Block]

	December 31 , 2017
	Originated Portfolio
	Commercial		Commercial				Purchased
	Real Estate		and Industrial		Residential (1)		Portfolio		Total
	(Dollars in thousands)
Loans rated 1- 6	$	248,576	$	174,482	$	13,754	$	231,544	$	668,356
Loans rated 7		4,537		2,186		66		3,021		9,810
Loans rated 8		2,566		1,088		1,298		9,612		14,564
Loans rated 9		-		-		19		-		19
Loans rated 10		-		-		-		-		-
	$	255,679	$	177,756	$	15,137	$	244,177	$	692,749

	June 30, 201 7
	Originated Portfolio
	Commercial		Commercial				Purchased
	Real Estate		and Industrial		Residential (1)		Portfolio		Total
	(Dollars in thousands)
Loans rated 1- 6	$	253,041	$	171,160	$	10,039	$	229,980	$	664,220
Loans rated 7		2,686		2,483		71		9,622		14,862
Loans rated 8		554		825		803		6,786		8,968
Loans rated 9		-		-		19		-		19
Loans rated 10		-		-		-		-		-
	$	256,281	$	174,468	$	10,932	$	246,388	$	688,069

Troubled Debt Restructurings on Financing Receivables [Table Text Block]

	Three Months Ended December 31,								Six Months Ended December 31,
	201 7				201 6				201 7				201 6
	Number of		Recorded		Number of		Recorded		Number of		Recorded		Number of		Recorded
	Contracts		Investment		Contracts		Investment		Contracts		Investment		Contracts		Investment
	(Dollars in thousands)
Extended maturity		-	$	-		1	$	154		1	$	18		1	$	154
Adjusted interest rate		1		15		2		135		1		15		3		144
Rate and maturity		3		2,263		-		-		3		2,263		1		334
Principal deferment		2		283		1		161		3		938		1		161
Court ordered concession		-		-		-		-		-		-		-		-
		6	$	2,561		4	$	450		8	$	3,234		6	$	793

Troubled Debt Restructurings On Financing Receivables Recorded Investment [Table Text Block]

	Three Months Ended December 31,
	201 7						201 6
			Recorded		Recorded				Recorded		Recorded
	Number of		Investment		Investment		Number of		Investment		Investment
	Contracts		Pre-Modification		Post-Modification		Contracts		Pre-Modification		Post-Modification
	(Dollars in thousands)
Originated portfolio:
Residential real estate		2	$	29	$	30		3	$	266	$	289
Home equity		-		-		-		-		-		-
Commercial real estate		2		2,079		2,140		-		-		-
Commercial and industrial		-		-		-		1		91		161
Consumer		-		-		-		-		-		-
Total originated portfolio		4		2,108		2,170		4		357		450
Purchased portfolio:
Residential real estate		-		-		-		-		-		-
Commercial real estate		1		123		123		-		-		-
Commercial and industrial		1		268		268		-		-		-
Total purchased portfolio		2		391		391		-		-		-
Total		6	$	2,499	$	2,561		4	$	357	$	450

	Six Months Ended December 31 ,
	201 7						2016
			Recorded		Recorded				Recorded		Recorded
	Number of		Investment		Investment		Number of		Investment		Investment
	Contracts		Pre-Modification		Post-Modification		Contracts		Pre-Modification		Post-Modification
	(Dollars in thousands)
Originated portfolio:
Residential real estate		3	$	47	$	48		4	$	275	$	298
Home equity		-		-		-		-		-		-
Commercial real estate		2		2,079		2,140		-		-		-
Commercial and industrial		1		655		655		1		91		161
Consumer		-		-		-		-		-		-
Total originated portfolio		6		2,781		2,843		5		366		459
Purchased portfolio:
Residential real estate		-		-		-		-		-		-
Commercial real estate		1		123		123		-		-		-
Commercial and industrial		1		268		268		1		334		334
Total purchased portfolio		2		391		391		1		334		334
Total		8	$	3,172	$	3,234		6	$	700	$	793

Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Table Text Block]

	Three Months Ended December 31, 201 7			Three Months Ended December 31, 2016
	(Dollars in thousands)
Contractually required payments receivable	$	49,408		$	68,466
Nonaccretable difference		(1,667	)		(977	)
Cash flows expected to be collected		47,741			67,489
Accretable yield		(12,939	)		(21,456	)
Fair value of loans acquired	$	34,802		$	46,033

	Six Months Ended December 31, 201 7			Six Months Ended December 31, 2016
	(Dollars in thousands)
Contractually required payments receivable	$	55,320		$	94,720
Nonaccretable difference		(1,824	)		(3,494	)
Cash flows expected to be collected		53,496			91,226
Accretable yield		(15,043	)		(31,340	)
Fair value of loans acquired	$	38,453		$	59,886

Certain Loans Acquired Icome Recognition Model As Debt Securities Acquired During Period in Transfer Not Accounted for Using [Table Text Block]

	As of and for the Three Months Ended Dec ember 31, 2017		As of and for the Six Months Ended December 31 , 2017
	(Dollars in thousands)
Loans acquired during the period	$	5	$	5
Loans at end of period		6,901		6,901

	Three Months Ended December 31, 201 7			Three Months Ended December 31, 201 6
	(Dollars in thousands)
Beginning balance	$	122,923		$	124,023
Acquisitions		12,939			21,456
Accretion		(4,244	)		(4,656	)
Reclassifications from non-accretable difference to accretable yield		1,095			973
Disposals and other changes		(7,810	)		(13,373	)
Ending balance	$	124,903		$	128,423

	Six Months Ended December 31, 201 7			Six Months Ended December 31, 201 6
	(Dollars in thousands)
Beginning balance	$	131,197		$	124,151
Acquisitions		15,043			31,340
Accretion		(8,669	)		(9,308	)
Reclassifications from non-accretable difference to accretable yield		4,523			1,131
Disposals and other changes		(17,191	)		(18,891	)
Ending balance	$	124,903		$	128,423

Schedule of Credit Impaired Loans [Table Text Block]

	Dec ember 31, 2017		June 30, 201 7
	(Dollars in thousands)
Unpaid principal balance	$	266,374	$	271,709
Carrying amount		236,047		239,583

Note 6 - Earnings Per Share (EPS) (Tables)

6 Months Ended

Dec. 31, 2017

Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]

	Three months Ended December 31,				Six months Ended December 31,
	201 7		201 6		201 7		201 6
	(I n thousands, except share and per share data)

Net income	$	3,304	$	3,100	$	7,890	$	4,851

Weighted average shares used in calculation of basic EPS		8,924,495		8,831,235		8,883,003		8,968,690
Incremental shares from assumed exercise of dilutive securities		243,589		33,383		246,007		30,372
Weighted average shares used in calculation of diluted EPS		9,168,084		8,864,618		9,129,010		8,999,062

Basic earnings per common share	$	0.37	$	0.35	$	0.89	$	0.54
Diluted earnings per common share	$	0.36	$	0.35	$	0.86	$	0.54

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block]

	Three Months Ended December 31,				Six Months Ended December 31,
	201 7		2016		201 7		201 6
Stock options		-		714,545		-		714,545

Note 7 - Derivatives and Hedging Activities (Tables)

6 Months Ended

Dec. 31, 2017

Schedule of Derivative Instruments [Table Text Block]

Dece mber 31, 2017
Notional Amount		Inception Date	Termination Date	Index	Receive Rate			Pay Rate			Strike Rate			Unrealized Loss			Fair Value			Balance Sheet Location
(Dollars in thousands)
Interest rate swaps:
$	5,000	July 2013	July 2033	3 Mo. LIBOR		1.69	%		3.38	%		n/a		$	(619	)	$	(619	)	Other Liabilities
	5,000	July 2013	July 2028	3 Mo. LIBOR		1.69	%		3.23	%		n/a			(409	)		(409	)	Other Liabilities
	5,000	July 2013	July 2023	3 Mo. LIBOR		1.69	%		2.77	%		n/a			(144	)		(144	)	Other Liabilities
Interest rate caps:
	6,000	October 2014	September 2019	3 Mo. LIBOR		n/a			n/a			2.50	%		(116	)		4		Other Assets
	10,000	March 2015	February 2020	3 Mo. LIBOR		n/a			n/a			2.50	%		(165	)		13		Other Assets
$	31,000													$	(1,453	)	$	(1,155	)

June 30, 2017
Notional Amount		Inception Date	Termination Date	Index	Receive Rate			Pay Rate			Strike Rate			Unrealized Loss			Fair Value			Balance Sheet Location
(Dollars in thousands)
Interest rate swaps:
$	5,000	July 2013	July 2033	3 Mo. LIBOR		1.30	%		3.38	%		n/a		$	(666	)	$	(666	)	Other Liabilities
	5,000	July 2013	July 2028	3 Mo. LIBOR		1.30	%		3.23	%		n/a			(471	)		(471	)	Other Liabilities
	5,000	July 2013	July 2023	3 Mo. LIBOR		1.30	%		2.77	%		n/a			(218	)		(218	)	Other Liabilities
Interest rate caps:
	6,000	October 2014	September 2019	3 Mo. LIBOR		n/a			n/a			2.50	%		(142	)		4		Other Assets
	10,000	March 2015	February 2020	3 Mo. LIBOR		n/a			n/a			2.50	%		(186	)		14		Other Assets
$	31,000													$	(1,683	)	$	(1,337	)

- Definition

Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=84234895&loc=d3e41641-113959

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4B
-URI http://asc.fasb.org/extlink&oid=84234895&loc=SL5624163-113959

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=84234895&loc=d3e41678-113959

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=84234895&loc=d3e41638-113959

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 1B
-URI http://asc.fasb.org/extlink&oid=84234895&loc=SL5580258-113959

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 1A
-URI http://asc.fasb.org/extlink&oid=84234895&loc=SL5579245-113959

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4C
-URI http://asc.fasb.org/extlink&oid=84234895&loc=SL5624171-113959

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
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-URI http://asc.fasb.org/extlink&oid=84234895&loc=SL5579240-113959

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
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-URI http://asc.fasb.org/extlink&oid=84234895&loc=d3e41620-113959

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(n)(2))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

+ Details

Note 8 - Other Comprehensive Income (Tables)

6 Months Ended

Dec. 31, 2017

Comprehensive Income (Loss) [Table Text Block]

	Three Months Ended December 31,
	201 7									201 6
	Pre-tax			Tax Expense			After-tax			Pre-tax			Tax Expense			After-tax
	Amount			(Benefit)			Amount			Amount			(Benefit)			Amount
	(Dollars in thousands)
Change in net unrealized loss on available-for-sale securities	$	(297	)	$	(113	)	$	(184	)	$	(1,336	)	$	(507	)	$	(829	)

Change in accumulated loss on effective cash flow hedges		160			60			100			1,486			566			920
Reclassification adjustment for losses included in net income		26			10			16			8			3			5
Total derivatives and hedging activities		186			70			116			1,494			569			925
To tal other comprehensive (loss) income	$	(111	)	$	(43	)	$	(68	)	$	158		$	62		$	96

	Six Months Ended December 31,
	201 7									201 6
	Pre-tax			Tax Expense			After-tax			Pre-tax			Tax Expense			After-tax
	Amount			(Benefit)			Amount			Amount			(Benefit)			Amount
	(Dollars in thousands)
Change in net unrealized gain or loss on available-for-sale securities	$	(175	)	$	(68	)	$	(107	)	$	(1,414	)	$	(537	)	$	(877	)

Change in accumulated loss on effective cash flow hedges		181			68			113			1,633			624			1,009
Reclassification adjustment for losses included in net income		49			19			30			14			5			9
Total derivatives and hedging activities		230			87			143			1,647			629			1,018
Total other comprehensive income	$	55		$	19		$	36		$	233		$	92		$	141

Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]

	Dec ember 31, 2017			June 30, 2017
	(Dollars in thousands)
Unrealized loss on available-for-sale securities	$	(1,123	)	$	(948	)
Tax effect		428			360
After tax amount		(695	)		(588	)
Unrealized loss on cash flow hedges		(1,453	)		(1,683	)
Tax effect		552			639
After tax amount		(901	)		(1,044	)
Accumulated other comprehensive loss	$	(1,596	)	$	(1,632	)

Note 9 - Commitments and Contingencies (Tables)

6 Months Ended

Dec. 31, 2017

Schedule of Fair Value, Off-balance Sheet Risks [Table Text Block]

	December 31 , 2017		June 30, 201 7
	(Dollars in thousands)
Commitments to grant loans	$	40,537	$	15,244
Unfunded commitments under lines of credit		33,757		31,858
Standby letters of credit		3,460		3,400
Commitment to fund investment s		-		1,000

Note 12 - Fair Value Measurements (Tables)

6 Months Ended

Dec. 31, 2017

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]

	December 31 , 2017
	Total		Level 1		Level 2		Level 3
	(Dollars in thousands)
Assets
Available-for-sale securities :
U.S. Government agency securities	$	57,092	$	-	$	57,092	$	-
Agency mortgage-backed securities		28,580		-		28,580		-
Other investment s measured at net asset value (1)		6,667		-		-		-
Other assets – interest rate caps		17		-		17		-
Liabilities
Other liabilities – interest rate swaps	$	1,172	$	-	$	1,172	$	-

	June 30, 201 7
	Total		Level 1		Level 2		Level 3
	(Dollars in thousands)
Assets
Available-for-sale securities :
U.S. Government agency securities	$	57,168	$	-	$	57,168	$	-
Agency mortgage-backed securities		32,903		-		32,903		-
Other investments measured at net asset value (1)		6,622		-		-		-
Other assets – interest rate caps		18		-		18		-
Liabilities
Other liabilities – interest rate swap	$	1,355	$	-	$	1,355	$	-

Fair Value Measurements, Nonrecurring [Table Text Block]

	Dec ember 31, 2017
	Total		Level 1		Level 2		Level 3
	(Dollars in thousands)
Collateral dependent impaired loans	$	2,217	$	-	$	-	$	2,217
Real estate owned and other repossessed collateral		910		-		-		910
Loan servicing rights		3,005		-		-		3,005

	June 30, 201 7
	Total		Level 1		Level 2		Level 3
	(Dollars in thousands)
Collateral dependent impaired loans	$	1,011	$	-	$	-	$	1,011
Real estate owned and other repossessed collateral		826		-		-		826
Loan servicing rights		2,846		-		-		2,846

Fair Value Inputs, Assets, Quantitative Information [Table Text Block]

	Fair Value
	Dec ember 31, 2017		June 30, 2017		Valuation Technique
	(Dollars in thousands)
Collateral dependent impaired loans	$	2,217	$	1,011	Appraisal of collateral (1)
Real estate owned and other repossessed collateral		910		826	Appraisal of collateral (1)
Loan servicing rights		3,005		2,846	Discounted cash flow (2)

Fair Value, Measured on Non-recurring Basis, Gain (Loss) [Table Text Block]

	Three months Ended December 31,						Six months Ended December 31,
	201 7			201 6			201 7			201 6
	(In thousands)

Collateral dependent impaired loans	$	(328	)	$	(273	)	$	(351	)	$	(363	)
Real estate owned and other repossessed collateral		45			83			45			70
Loan servicing rights		110			(220	)		110			(220	)
Total	$	(173	)	$	(410	)	$	(196	)	$	(513	)

Fair Value, by Balance Sheet Grouping [Table Text Block]

	Carrying		Fair Value Measurements at December 31, 2017
	Amount		Total		Level 1		Level 2		Level 3
	(Dollars in thousands)
Financial assets:
Cash and cash equivalents	$	128,223	$	128,223	$	128,223	$	-	$	-
Available-for-sale securities		85,672		85,672		-		85,672		-
Other investments measured at net asset value (1)		6,667		6,667		-		-		-
Federal Home Loan Bank stock		1,758		1,758		-		1,758		-
Loans held for sale		6,333		6,333		-		6,333		-
Loans, net		769,835		773,755		-		-		773,755
Accrued interest receivable		2,245		2,245		-		2,245		-
Interest rate caps		17		17		-		17		-

Financial liabilities:
Deposits		848,654		848,766		-		848,766		-
Federal Home Loan Bank advances		15,000		15,000		-		15,000		-
Capital lease obligation		741		768		-		768		-
Subordinated debentures		23,790		25,291		-		-		25,291
Interest rate swaps		1,172		1,172		-		1,172		-

	Carrying		Fair Value Measurements at June 30, 2017
	Amount		Total		Level 1		Level 2		Level 3
	(Dollars in thousands)
Financial assets:
Cash and cash equivalents	$	163,283	$	163,283	$	163,283	$	-	$	-
Available-for-sale securities		90,071		90,071		-		90,071		-
Other investments measured at net asset value (1)		6,622		6,622		-		-		-
Federal Home Loan Bank stock		1,938		1,938		-		1,938		-
Loans held for sale		4,699		4,699		-		4,699		-
Loans, net		775,530		776,579		-		-		776,579
Accrued interest receivable		2,111		2,111		-		2,111		-
Interest rate caps		18		18		-		18		-

Financial liabilities:
Deposits		889,850		889,877		-		889,877		-
Federal Home Loan Bank advances		20,011		20,057		-		20,057		-
Capital lease obligation		873		918		-		918		-
Subordinated debentures		23,620		25,677		-		-		25,677
Interest rate swaps		1,355		1,355		-		1,355		-

Note 2 - Recent Accounting Pronouncements (Details Textual) - USD ($) $ in Thousands	3 Months Ended			6 Months Ended		12 Months Ended
	Dec. 31, 2017	Sep. 30, 2017	Dec. 31, 2016	Dec. 31, 2017	Dec. 31, 2016	Jun. 30, 2016
Income Tax Expense (Benefit)	$ 1,381		$ 1,839	$ 2,995	$ 2,852
Adjustments to Additional Paid in Capital, Income Tax Benefit from Share-based Compensation						$ 27
Weighted Average Number of Shares Outstanding, Diluted	9,168,084	9,089,936	8,864,618	9,129,010	8,999,062
Accounting Standards Update 2016-09 [Member]
Income Tax Expense (Benefit)				$ (1,100)
Weighted Average Number of Shares Outstanding, Diluted				40,966

Note 3 - Available-for-Sale Securities (Details Textual) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2017 USD ($)	Dec. 31, 2016 USD ($)	Dec. 31, 2017 USD ($)	Dec. 31, 2016 USD ($)
Proceeds from Sale of Available-for-sale Securities	$ 0	$ 0	$ 0	$ 0
Available-for-sale Securities Pledged as Collateral	0		0
Other than Temporary Impairment Losses, Investments, Available-for-sale Securities	$ 0	$ 0	$ 0	$ 0
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions, Greater than or Equal to One Year	31		31
Available-for-sale Securities, Effective Duration			4 years 240 days

Note 3 - Available-for-Sale Securities - Securities Available-for-sale (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Jun. 30, 2017
Amortized Cost	$ 93,462	$ 97,641
Gross Unrealized Gains
Gross Unrealized Losses	(1,123)	(948)
Fair Value	92,339	96,693
US Government Agencies Debt Securities [Member]
Amortized Cost	57,365	57,401
Gross Unrealized Gains
Gross Unrealized Losses	(273)	(233)
Fair Value	57,092	57,168
Collateralized Mortgage Backed Securities [Member]
Amortized Cost	29,306	33,523
Gross Unrealized Gains
Gross Unrealized Losses	(726)	(620)
Fair Value	28,580	32,903
Collateralized Debt Obligations [Member]
Amortized Cost	6,791	6,717
Gross Unrealized Gains
Gross Unrealized Losses	(124)	(95)
Fair Value	$ 6,667	$ 6,622

Note 3 - Available-for-Sale Securities - Securities in a Continuous Unrealized Loss Position (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Dec. 31, 2017	Jun. 30, 2017
Fair Value, Less than 12 months	$ 22,738	$ 81,854
Unrealized losses, less than 12 months	(95)	(626)
Fair Value, More than 12 months	68,076	13,332
Unrealized losses, More than 12 months	(1,028)	(322)
Fair Value	90,814	95,186
Unrealized Losses	(1,123)	(948)
US Government Agencies Debt Securities [Member]
Fair Value, Less than 12 months	21,111	57,168
Unrealized losses, less than 12 months	(86)	(233)
Fair Value, More than 12 months	35,981
Unrealized losses, More than 12 months	(187)
Fair Value	57,092	57,168
Unrealized Losses	(273)	(233)
Collateralized Mortgage Backed Securities [Member]
Fair Value, Less than 12 months	1,627	19,571
Unrealized losses, less than 12 months	(9)	(298)
Fair Value, More than 12 months	26,953	13,332
Unrealized losses, More than 12 months	(717)	(322)
Fair Value	28,580	32,903
Unrealized Losses	(726)	(620)
Collateralized Debt Obligations [Member]
Fair Value, Less than 12 months		5,115
Unrealized losses, less than 12 months		(95)
Fair Value, More than 12 months	5,142
Unrealized losses, More than 12 months	(124)
Fair Value	5,142	5,115
Unrealized Losses	$ (124)	$ (95)

Note 3 - Available-for-Sale Securities - Securities by Contractual Maturity (Details)	Dec. 31, 2017 USD ($)
Total debt securities, amortized cost	$ 86,671
Total debt securities, fair value	85,672
US Government Agencies Debt Securities [Member]
Due within one year, amortized cost	39,168,000
Due within one year, fair value	38,981,000
Due after one year through five years, amortized cost	18,197,000
Due after one year through five years, fair value	18,111,000
Due after five years through ten years, amortized cost
Due after five years through ten years, fair value
Due after ten years, amortized cost
Due after ten years, fair value
Total U.S. Government agency securities, amortized cost	57,365,000
Total U.S. Government agency securities, fair value	57,092,000
Collateralized Mortgage Backed Securities [Member]
Agency mortgage-backed securities, amortized cost	29,306
Agency mortgage-backed securities, fair value	$ 28,580

Note 4 - Loans, Allowance for Loan Losses and Credit Quality (Details Textual) xbrli-pure in Thousands, $ in Thousands	3 Months Ended	6 Months Ended
	Dec. 31, 2017 USD ($)	Dec. 31, 2017 USD ($)	Jun. 30, 2017 USD ($)
Unamortized Loan Commitment and Origination Fees and Unamortized Discounts or Premiums	$ 212	$ 212	$ 507
Financing Receivable, Modifications, Subsequent Default, Number of Contracts	0	0
Loans Held-forsale [Member]
Loans and Leases Receivable, Impaired, Commitment to Lend	$ 0	$ 0

Note 4 - Loans, Allowance for Loan Losses and Credit Quality - Loan Portfolio (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Jun. 30, 2017
Loans	$ 774,190	$ 779,195
Residential Real Estate, without Home Equity [Member]
Loans	85,185	87,136
Home Equity Portfolio Segment [Member]
Loans	12,408	14,032
Commercial Real Estate Portfolio Segment [Member]
Loans	493,954	498,004
Commercial Portfolio Segment [Member]
Loans	178,840	175,654
Consumer Portfolio Segment [Member]
Loans	3,803	4,369
Originated Loans [Member]
Loans	530,013	532,807
Originated Loans [Member] \| Residential Real Estate, without Home Equity [Member]
Loans	80,462	83,759
Originated Loans [Member] \| Home Equity Portfolio Segment [Member]
Loans	12,313	13,931
Originated Loans [Member] \| Commercial Real Estate Portfolio Segment [Member]
Loans	255,679	256,280
Originated Loans [Member] \| Commercial Portfolio Segment [Member]
Loans	177,756	174,468
Originated Loans [Member] \| Consumer Portfolio Segment [Member]
Loans	3,803	4,369
Purchased Loans [Member]
Loans	244,177	246,388
Purchased Loans [Member] \| Residential Real Estate, without Home Equity [Member]
Loans	4,723	3,377
Purchased Loans [Member] \| Home Equity Portfolio Segment [Member]
Loans	95	101
Purchased Loans [Member] \| Commercial Real Estate Portfolio Segment [Member]
Loans	238,275	241,724
Purchased Loans [Member] \| Commercial Portfolio Segment [Member]
Loans	1,084	1,186
Purchased Loans [Member] \| Consumer Portfolio Segment [Member]
Loans

Note 4 - Loans, Allowance for Loan Losses and Credit Quality - 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
Beginning balance	$ 4,034	$ 2,506	$ 3,665	$ 2,350
Provision	437	628	792	820
Recoveries	31	73	62	91
Charge-offs	(147)	(100)	(164)	(154)
Ending balance	4,355	3,107	4,355	3,107
Residential Portfolio Segment [Member] \| Originated Loans [Member]
Beginning balance	513	541	477	663
Provision	176	6	217	(93)
Recoveries	1	27	8	29
Charge-offs	(112)		(124)	(25)
Ending balance	578	574	578	574
Commercial Real Estate Portfolio Segment [Member] \| Originated Loans [Member]
Beginning balance	2,443	1,421	2,312	1,195
Provision	74	351	205	577
Recoveries		19		19
Charge-offs		(41)		(41)
Ending balance	2,517	1,750	2,517	1,750
Commercial Portfolio Segment [Member] \| Originated Loans [Member]
Beginning balance	727	318	520	297
Provision	(42)	207	147	224
Recoveries	5	6	23	11
Charge-offs				(1)
Ending balance	690	531	690	531
Consumer Portfolio Segment [Member] \| Originated Loans [Member]
Beginning balance	41	68	53	62
Provision	19	40	6	63
Recoveries	25	21	31	32
Charge-offs	(35)	(59)	(40)	(87)
Ending balance	50	70	50	70
Purchased Loans [Member]
Beginning balance	310	158	303	133
Provision	210	24	217	49
Recoveries
Charge-offs
Ending balance	520	182	520	182
Unallocated Financing Receivables [Member]
Beginning balance
Provision
Recoveries
Charge-offs
Ending balance

Note 4 - Loans, Allowance for Loan Losses and Credit Quality - Allowance for Loan Losses by Portfolio Segment and Impairment Methodology (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016
Allowance for loan losses, individually evaluated	$ 623		$ 552
Allowance for loan losses, collectively evaluated	3,212		2,810
Allowance for loan losses, ASC 310-30	520		303
Allowance for loan losses	4,355	$ 4,034	3,665	$ 3,107	$ 2,506	$ 2,350
Loans, individually evaluated	12,827		10,425
Loans, collectively evaluated	517,186		522,382
Loans, ASC 310-30	244,177		246,388
Loans	774,190		779,195
Originated Loans [Member]
Loans	530,013		532,807
Residential Portfolio Segment [Member]
Loans	97,593		101,168
Residential Portfolio Segment [Member] \| Originated Loans [Member]
Allowance for loan losses, individually evaluated	307		252
Allowance for loan losses, collectively evaluated	271		225
Allowance for loan losses, ASC 310-30
Allowance for loan losses	578	513	477	574	541	663
Loans, individually evaluated	6,053		5,676
Loans, collectively evaluated	86,722		92,014
Loans, ASC 310-30
Loans	92,775		97,690
Commercial Real Estate Portfolio Segment [Member]
Loans	493,954		498,004
Commercial Real Estate Portfolio Segment [Member] \| Originated Loans [Member]
Allowance for loan losses, individually evaluated	163		147
Allowance for loan losses, collectively evaluated	2,354		2,165
Allowance for loan losses, ASC 310-30
Allowance for loan losses	2,517	2,443	2,312	1,750	1,421	1,195
Loans, individually evaluated	3,867		1,759
Loans, collectively evaluated	251,812		254,521
Loans, ASC 310-30
Loans	255,679		256,280
Commercial Portfolio Segment [Member]
Loans	178,840		175,654
Commercial Portfolio Segment [Member] \| Originated Loans [Member]
Allowance for loan losses, individually evaluated	144		149
Allowance for loan losses, collectively evaluated	546		371
Allowance for loan losses, ASC 310-30
Allowance for loan losses	690	727	520	531	318	297
Loans, individually evaluated	2,592		2,694
Loans, collectively evaluated	175,164		171,774
Loans, ASC 310-30
Loans	177,756		174,468
Consumer Portfolio Segment [Member]
Loans	3,803		4,369
Consumer Portfolio Segment [Member] \| Originated Loans [Member]
Allowance for loan losses, individually evaluated	9		4
Allowance for loan losses, collectively evaluated	41		49
Allowance for loan losses, ASC 310-30
Allowance for loan losses	50	41	53	70	68	62
Loans, individually evaluated	315		296
Loans, collectively evaluated	3,488		4,073
Loans, ASC 310-30
Loans	3,803		4,369
Purchased Loans [Member]
Allowance for loan losses, individually evaluated
Allowance for loan losses, collectively evaluated
Allowance for loan losses, ASC 310-30	520		303
Allowance for loan losses	520	310	303	182	158	133
Loans, individually evaluated
Loans, collectively evaluated
Loans, ASC 310-30	244,177		246,388
Loans	244,177		246,388
Unallocated Financing Receivables [Member]
Allowance for loan losses, individually evaluated
Allowance for loan losses, collectively evaluated
Allowance for loan losses, ASC 310-30
Allowance for loan losses
Loans, individually evaluated
Loans, collectively evaluated
Loans, ASC 310-30
Loans

Note 4 - Loans, Allowance for Loan Losses and Credit Quality - Impaired Loans (Details) - USD ($)	3 Months Ended		6 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2017	Dec. 31, 2016	Jun. 30, 2017
Recorded investment, with no related allowance	$ 19,031,000		$ 19,031,000		$ 16,315,000
Unpaid principal balance, with no related allowance	21,897,000		21,897,000		19,211,000
Recorded investment, with related allowance	9,667,000		9,667,000		7,516,000
Unpaid principal balance, with related allowance	10,138,000		10,138,000		7,899,000
Related allowance	1,138,000		1,138,000		783,000
Collateral dependent impaired loans	28,698,000		28,698,000		23,831,000
Unpaid principal balance	32,035,000		32,035,000		27,110,000
Average recorded investment, with no related allowance	18,931,000	$ 11,300,000	18,058,000	$ 10,737,000
Interest income recognized, with no related allowance	150,000	165,000	402,000	283,000
Average recorded investment, with related allowance	8,593,000	5,115,000	8,233,000	4,967,000
Interest income recognized, with related allowance	114,000	127,000	189,000	180,000
Average recorded investment	27,524	16,415	26,291	15,704
Interest income recognized	264	292	591	463
Residential Portfolio Segment [Member] \| Originated Loans [Member]
Recorded investment, with no related allowance	3,848,000		3,848,000		4,052,000
Unpaid principal balance, with no related allowance	3,840,000		3,840,000		4,084,000
Recorded investment, with related allowance	2,205,000		2,205,000		1,624,000
Unpaid principal balance, with related allowance	2,186,000		2,186,000		1,595,000
Related allowance	307,000		307,000		252,000
Average recorded investment, with no related allowance	3,992,000	3,730,000	4,012,000	3,550,000
Interest income recognized, with no related allowance	38,000	62,000	74,000	111,000
Average recorded investment, with related allowance	1,904,000	1,952,000	1,811,000	1,917,000
Interest income recognized, with related allowance	42,000	73,000	63,000	89,000
Residential Portfolio Segment [Member] \| Purchased Loans [Member]
Recorded investment, with no related allowance	54,000		54,000		1,056,000
Unpaid principal balance, with no related allowance	54,000		54,000		1,099,000
Recorded investment, with related allowance	166		166
Unpaid principal balance, with related allowance	180		180
Related allowance	4		4
Average recorded investment, with no related allowance	566,000	1,087,000	729,000	1,100,000
Interest income recognized, with no related allowance				3,000
Average recorded investment, with related allowance	83,000		55,000
Interest income recognized, with related allowance	1,000		1,000
Consumer Portfolio Segment [Member] \| Originated Loans [Member]
Recorded investment, with no related allowance	276,000		276,000		250,000
Unpaid principal balance, with no related allowance	303,000		303,000		271,000
Recorded investment, with related allowance	39,000		39,000		46,000
Unpaid principal balance, with related allowance	41,000		41,000		55,000
Related allowance	9,000		9,000		4,000
Average recorded investment, with no related allowance	285,000	200,000	273,000	219,000
Interest income recognized, with no related allowance	7,000	8,000	13,000	11,000
Average recorded investment, with related allowance	32,000	93,000	36,000	97,000
Interest income recognized, with related allowance	1,000	2,000	2,000	4,000
Commercial Real Estate Portfolio Segment [Member] \| Originated Loans [Member]
Recorded investment, with no related allowance	2,482,000		2,482,000		359,000
Unpaid principal balance, with no related allowance	2,477,000		2,477,000		354,000
Recorded investment, with related allowance	1,385,000		1,385,000		1,400,000
Unpaid principal balance, with related allowance	1,374,000		1,374,000		1,388,000
Related allowance	163,000		163,000		147,000
Average recorded investment, with no related allowance	2,454,000	466,000	1,756,000	461,000
Interest income recognized, with no related allowance	1,000	15,000	94,000	23,000
Average recorded investment, with related allowance	1,388,000	1,115,000	1,392,000	1,155,000
Interest income recognized, with related allowance	27,000	31,000	49,000	49,000
Commercial Real Estate Portfolio Segment [Member] \| Purchased Loans [Member]
Recorded investment, with no related allowance	10,589,000		10,589,000		8,696,000
Unpaid principal balance, with no related allowance	13,408,000		13,408,000		11,468,000
Recorded investment, with related allowance	4,676,000		4,676,000		3,528,000
Unpaid principal balance, with related allowance	5,102,000		5,102,000		3,929,000
Related allowance	190,000		190,000		176,000
Average recorded investment, with no related allowance	9,814,000	4,705,000	9,441,000	4,661,000
Interest income recognized, with no related allowance	102,000	47,000	182,000	99,000
Average recorded investment, with related allowance	4,108,000	1,423,000	3,915,000	1,443,000
Interest income recognized, with related allowance	38,000	7,000	65,000	24,000
Commercial Portfolio Segment [Member] \| Originated Loans [Member]
Recorded investment, with no related allowance	1,758,000		1,758,000		1,870,000
Unpaid principal balance, with no related allowance	1,758,000		1,758,000		1,870,000
Recorded investment, with related allowance	834,000		834,000		824,000
Unpaid principal balance, with related allowance	834,000		834,000		824,000
Related allowance	144,000		144,000		149,000
Average recorded investment, with no related allowance	1,794,000	1,080,000	1,819,000	725,000
Interest income recognized, with no related allowance	2,000	33,000	39,000	36,000
Average recorded investment, with related allowance	850,000	504,000	841,000	336,000
Interest income recognized, with related allowance	2,000	12,000	6,000	12,000
Commercial Portfolio Segment [Member] \| Purchased Loans [Member]
Recorded investment, with no related allowance	24,000		24,000		32,000
Unpaid principal balance, with no related allowance	57,000		57,000		65,000
Recorded investment, with related allowance	362,000		362,000		94,000
Unpaid principal balance, with related allowance	421,000		421,000		108,000
Related allowance	321,000		321,000		$ 55,000
Average recorded investment, with no related allowance	26,000	32,000	28,000	21,000
Interest income recognized, with no related allowance
Average recorded investment, with related allowance	228,000	28,000	183,000	19,000
Interest income recognized, with related allowance	$ 3,000	$ 2,000	$ 3,000	$ 2,000

Note 4 - Loans, Allowance for Loan Losses and Credit Quality - Loans by Risk Rating (Details) - USD ($)
$ in Thousands

Dec. 31, 2017

Jun. 30, 2017

Originated Loans [Member] | Commercial Real Estate Portfolio Segment [Member]

$ 692,749

$ 688,069

Originated Loans [Member] | Commercial Portfolio Segment [Member]

255,679

256,281

Originated Loans [Member] | Residential Portfolio Segment [Member]

177,756

174,468

^[1]

15,137

10,932

Purchased Loans [Member]

244,177

246,388

Pass [Member]

Pass [Member] | Originated Loans [Member] | Commercial Real Estate Portfolio Segment [Member]

668,356

664,220

Pass [Member] | Originated Loans [Member] | Commercial Portfolio Segment [Member]

248,576

253,041

Pass [Member] | Originated Loans [Member] | Residential Portfolio Segment [Member]

174,482

171,160

Pass [Member] | Purchased Loans [Member]

^[1]

13,754

10,039

231,544

229,980

Special Mention [Member]

Special Mention [Member] | Originated Loans [Member] | Commercial Real Estate Portfolio Segment [Member]

9,810

14,862

Special Mention [Member] | Originated Loans [Member] | Commercial Portfolio Segment [Member]

4,537

2,686

Special Mention [Member] | Originated Loans [Member] | Residential Portfolio Segment [Member]

2,186

2,483

Special Mention [Member] | Purchased Loans [Member]

^[1]

3,021

9,622

Substandard [Member]

Substandard [Member] | Originated Loans [Member] | Commercial Real Estate Portfolio Segment [Member]

14,564

8,968

Substandard [Member] | Originated Loans [Member] | Commercial Portfolio Segment [Member]

2,566

554

Substandard [Member] | Originated Loans [Member] | Residential Portfolio Segment [Member]

1,088

825

Substandard [Member] | Purchased Loans [Member]

^[1]

1,298

803

9,612

6,786

Doubtful [Member]

Doubtful [Member] | Originated Loans [Member] | Commercial Real Estate Portfolio Segment [Member]

Doubtful [Member] | Originated Loans [Member] | Commercial Portfolio Segment [Member]

Doubtful [Member] | Originated Loans [Member] | Residential Portfolio Segment [Member]

Doubtful [Member] | Purchased Loans [Member]

^[1]

Unlikely to be Collected Financing Receivable [Member]

Unlikely to be Collected Financing Receivable [Member] | Originated Loans [Member] | Commercial Real Estate Portfolio Segment [Member]

Unlikely to be Collected Financing Receivable [Member] | Originated Loans [Member] | Commercial Portfolio Segment [Member]

Unlikely to be Collected Financing Receivable [Member] | Originated Loans [Member] | Residential Portfolio Segment [Member]

Unlikely to be Collected Financing Receivable [Member] | Purchased Loans [Member]

^[1]

[1]	Certain of the Company's loans made for commercial purposes, but secured by residential collateral, are rated under the Company's risk-rating system.

Note 4 - Loans, Allowance for Loan Losses and Credit Quality - TDRs by Type of Modification (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2017 USD ($)	Dec. 31, 2016 USD ($)	Dec. 31, 2017 USD ($)	Dec. 31, 2016 USD ($)
Number of Contracts	6	4	8	6
Recorded Investment	$ 2,561	$ 450	$ 3,234	$ 793
Extended Maturity [Member]
Number of Contracts		1	1	1
Recorded Investment		$ 154	$ 18	$ 154
Contractual Interest Rate Reduction [Member]
Number of Contracts	1	2	1	3
Recorded Investment	$ 15	$ 135	$ 15	$ 144
Rate and Maturity [Member]
Number of Contracts	3		3	1
Recorded Investment	$ 2,263		$ 2,263	$ 334
Principal Forgiveness [Member]
Number of Contracts	2	1	3	1
Recorded Investment	$ 283	$ 161	$ 938	$ 161
Court Ordered Concession [Member]
Number of Contracts
Recorded Investment

Note 4 - Loans, Allowance for Loan Losses and Credit Quality - TDRs Pre- and Post-modification (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2017 USD ($)	Dec. 31, 2016 USD ($)	Dec. 31, 2017 USD ($)	Dec. 31, 2016 USD ($)
Number of Contracts	6	4	8	6
Recorded Investment Pre-Modification	$ 2,499	$ 357	$ 3,172	$ 700
Recorded Investment	$ 2,561	$ 450	$ 3,234	$ 793
Originated Loans [Member]
Number of Contracts	4	4	6	5
Recorded Investment Pre-Modification	$ 2,108	$ 357	$ 2,781	$ 366
Recorded Investment	$ 2,170	$ 450	$ 2,843	$ 459
Purchased Loans [Member]
Number of Contracts	2		2	1
Recorded Investment Pre-Modification	$ 391		$ 391	$ 334
Recorded Investment	$ 391		$ 391	$ 334
Residential Portfolio Segment [Member] \| Originated Loans [Member]
Number of Contracts	2	3	3	4
Recorded Investment Pre-Modification	$ 29	$ 266	$ 47	$ 275
Recorded Investment	$ 30	$ 289	$ 48	$ 298
Residential Portfolio Segment [Member] \| Purchased Loans [Member]
Number of Contracts
Recorded Investment Pre-Modification
Recorded Investment
Home Equity Portfolio Segment [Member] \| Originated Loans [Member]
Number of Contracts
Recorded Investment Pre-Modification
Recorded Investment
Commercial Real Estate Portfolio Segment [Member] \| Originated Loans [Member]
Number of Contracts	2		2
Recorded Investment Pre-Modification	$ 2,079		$ 2,079
Recorded Investment	$ 2,140		$ 2,140
Commercial Real Estate Portfolio Segment [Member] \| Purchased Loans [Member]
Number of Contracts	1		1
Recorded Investment Pre-Modification	$ 123		$ 123
Recorded Investment	$ 123		$ 123
Commercial Portfolio Segment [Member] \| Originated Loans [Member]
Number of Contracts		1	1	1
Recorded Investment Pre-Modification		$ 91	$ 655	$ 91
Recorded Investment		$ 161	$ 655	$ 161
Commercial Portfolio Segment [Member] \| Purchased Loans [Member]
Number of Contracts	1		1	1
Recorded Investment Pre-Modification	$ 268		$ 268	$ 334
Recorded Investment	$ 268		$ 268	$ 334
Consumer Portfolio Segment [Member] \| Originated Loans [Member]
Number of Contracts
Recorded Investment Pre-Modification
Recorded Investment

Note 4 - Loans, Allowance for Loan Losses and Credit Quality - Loans Acquired Accounted for Under ASC 310-30 (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2017	Dec. 31, 2016
Contractually required payments receivable	$ 49,408	$ 68,466	$ 55,320	$ 94,720
Nonaccretable difference	(1,667)	(977)	(1,824)	(3,494)
Cash flows expected to be collected	47,741	67,489	53,496	91,226
Accretable yield	(12,939)	(21,456)	(15,043)	(31,340)
Fair value of loans acquired	$ 34,802	$ 46,033	$ 38,453	$ 59,886

Note 4 - Loans, Allowance for Loan Losses and Credit Quality - Loans Acquired Not Accounted for Using the Income Recognition Model (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2017	Dec. 31, 2016
Loans acquired during the period	$ 5		$ 5
Loans at end of period	6,901		6,901
Beginning balance	122,923	$ 124,023	131,197	$ 124,151
Acquisitions	12,939	21,456	15,043	31,340
Accretion	(4,244)	(4,656)	(8,669)	(9,308)
Reclassifications from non-accretable difference to accretable yield	1,095	973	4,523	1,131
Disposals and other changes	(7,810)	(13,373)	(17,191)	(18,891)
Ending balance	$ 124,903	$ 128,423	$ 124,903	$ 128,423

Note 4 - Loans, Allowance for Loan Losses and Credit Quality - Unpaid Principal Balance and Carrying Amounts of ASC 310-30 Loans (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Jun. 30, 2017
Unpaid principal balance	$ 266,374	$ 271,709
Carrying amount	$ 236,047	$ 239,583

Note 5 - Transfers and Servicing of Financial Assets (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, 2017
Servicing Asset at Amortized Cost	$ 3,005		$ 3,005		$ 2,846
Contractually Specified Servicing Fees, Amount	234	$ 248	$ 497	$ 408
Assumption for Fair Value of Assets or Liabilities that relate to Transferor's Continuing Involvement, Prepayment Speed			8.80%
Minimum [Member]
Assumption for Fair Value of Assets or Liabilities that relate to Transferor's Continuing Involvement, Discount Rate			9.60%
Maximum [Member]
Assumption for Fair Value of Assets or Liabilities that relate to Transferor's Continuing Involvement, Discount Rate			15.80%
Mortgage Loans [Member]
Proceeds from Sale of Loans Held-for-investment	17,600	17,700	$ 36,700	42,700
Mortgage Servicing Rights [Member]
Proceeds from Sale of Mortgage Servicing Rights (MSR)			9,300		10,700
Commercial Loan [Member]
Proceeds from Sale of Mortgage Servicing Rights (MSR)			29,300		25,200
SBA [Member]
Proceeds from Sale of Loans Held-for-investment	$ 3,400	$ 17,500	12,500	$ 24,800
Proceeds from Sale of Mortgage Servicing Rights (MSR)			$ 146,800		$ 144,400

Note 6 - Earnings Per Share (EPS) - Number of Shared Outstanding for Basic and Diluted EPS (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended			6 Months Ended
	Dec. 31, 2017	Sep. 30, 2017	Dec. 31, 2016	Dec. 31, 2017	Dec. 31, 2016
Net income	$ 3,304		$ 3,100	$ 7,890	$ 4,851
Basic (in shares)	8,924,495		8,831,235	8,883,003	8,968,690
Incremental shares from assumed exercise of dilutive securities (in shares)	243,589		33,383	246,007	30,372
Weighted average shares used in calculation of diluted EPS (in shares)	9,168,084	9,089,936	8,864,618	9,129,010	8,999,062
Basic (in dollars per share)	$ 0.37		$ 0.35	$ 0.89	$ 0.54
Diluted (in dollars per share)	$ 0.36		$ 0.35	$ 0.86	$ 0.54

Note 6 - Earnings Per Share (EPS) - Average Anti-dilutive Options and Warrants (Details) - shares	3 Months Ended		6 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2017	Dec. 31, 2016
Employee Stock Option [Member]
Stock options (in shares)		714,545		714,545

Note 7 - Derivatives and Hedging Activities (Details Textual) xbrli-pure in Thousands, $ in Millions	3 Months Ended		6 Months Ended
	Dec. 31, 2017 USD ($)	Dec. 31, 2016	Dec. 31, 2017 USD ($)	Dec. 31, 2016
Derivative, Collateral, Right to Reclaim Cash	$ 1.7		$ 1.7
Interest Rate Cap [Member]
Derivative, Number of Contracts Terminated Prior to Maturity	0	0	0	0
Interest Rate Swap [Member]
Derivative, Number of Contracts Terminated Prior to Maturity	0	0	0	0

Note 7 - Derivatives and Hedging Activities - Interest Rate Caps and Swap Agreements Used to Hedge Variable Rate Debt (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Dec. 31, 2017	Jun. 30, 2017
Notional Amount	$ 31,000	$ 31,000
Receive Rate
Unrealized Loss	1,453	$ 1,683
Fair Value	(1,155)	(1,337)
Unrealized Loss	(1,453)	(1,683)
Interest Rate Swaps Terminating in July 2033 [Member] \| Other Liabilities [Member]
Notional Amount	$ 5,000	$ 5,000
Index	3 Mo. LIBOR	3 Mo. LIBOR
Receive Rate	1.69%	1.30%
Pay Rate	3.38%	3.38%
Unrealized Loss	$ 619	$ 666
Fair Value	(619)	(666)
Unrealized Loss	(619)	(666)
Interest Rate Swaps Terminating in July 2028 [Member] \| Other Liabilities [Member]
Notional Amount	$ 5,000	$ 5,000
Index	3 Mo. LIBOR	3 Mo. LIBOR
Receive Rate	1.69%	1.30%
Pay Rate	3.23%	3.23%
Unrealized Loss	$ 409	$ 471
Fair Value	(409)	(471)
Unrealized Loss	(409)	(471)
Interest Rate Swaps Terminating in July 2023 [Member] \| Other Liabilities [Member]
Notional Amount	$ 5,000	$ 5,000
Index	3 Mo. LIBOR	3 Mo. LIBOR
Receive Rate	1.69%	1.30%
Pay Rate	2.77%	2.77%
Unrealized Loss	$ 144	$ 218
Fair Value	(144)	(218)
Unrealized Loss	(144)	(218)
Interest Rate Caps Terminating in September 2019 [Member] \| Other Assets [Member]
Notional Amount	$ 6,000	$ 6,000
Index	3 Mo. LIBOR	3 Mo. LIBOR
Receive Rate
Pay Rate
Unrealized Loss	$ 116	$ 142
Strike Rate	2.50%	2.50%
Fair Value	$ 4	$ 4
Unrealized Loss	(116)	(142)
Interest Rate Caps Terminating in February 2020 [Member] \| Other Assets [Member]
Notional Amount	$ 10,000	$ 10,000
Index	3 Mo. LIBOR	3 Mo. LIBOR
Receive Rate
Pay Rate
Unrealized Loss	$ 165	$ 186
Strike Rate	2.50%	2.50%
Fair Value	$ 13	$ 14
Unrealized Loss	$ (165)	$ (186)

Note 8 - Other Comprehensive Income - Components of Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2017	Dec. 31, 2016
Change in net unrealized loss on available-for-sale securities	$ (297)	$ (1,336)	$ (175)	$ (1,414)
Change in net unrealized gain or loss on available-for-sale securities, tax expense (benefit)	(113)	(507)	(68)	(537)
Change in net unrealized gain or loss on available-for-sale securities, after-tax amount	(184)	(829)	(107)	(877)
Change in accumulated gain on effective cash flow hedges	160	1,486	181	1,633
Change in accumulated gain (loss) on effective cash flow hedges, tax expense (benefit)	60	566	68	624
Change in accumulated gain (loss) on effective cash flow hedges, after-tax amount	100	920	113	1,009
Reclassification adjustments included in interest expense	26	8	49	14
Reclassification adjustment for losses included in net income	10	3	19	5
Reclassification adjustment for losses included in net income	16	5	30	9
Total derivatives and hedging activities, pre tax	186	1,494	230	1,647
Total derivatives and hedging activities, tax expense (benefit)	70	569	87	629
Total derivatives and hedging activities, after-tax amount	116	925	143	1,018
Other comprehensive income (loss), pre-tax	(111)	158	55	233
Income tax expense (benefit) related to other comprehensive (loss) income	(43)	62	19	92
Other comprehensive loss, net of tax	$ (68)	$ 96	$ 36	$ 141

Note 8 - Other Comprehensive Income - Components of Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Jun. 30, 2017
After tax amount	$ (1,596)	$ (1,632)
Accumulated other comprehensive loss	(1,596)	(1,632)
Accumulated Net Investment Gain (Loss) Attributable to Parent [Member]
Unrealized loss on available-for-sale securities	(1,123)	(948)
Unrealized loss on available-for-sale securities, tax effect	428	360
After tax amount	(695)	(588)
Accumulated other comprehensive loss	(695)	(588)
Accumulated Net Gain (Loss) from Cash Flow Hedges Attributable to Parent [Member]
Unrealized loss on available-for-sale securities	(1,453)	(1,683)
Unrealized loss on available-for-sale securities, tax effect	552	639
After tax amount	(901)	(1,044)
Accumulated other comprehensive loss	$ (901)	$ (1,044)

Note 9 - Commitments and Contingencies (Details Textual) - USD ($) $ in Thousands	Dec. 31, 2017	Jun. 30, 2017
Loss Contingency, Estimate of Possible Loss	$ 79	$ 39
CRA Qualified Investment [Member]
Fair Value Disclosure, Off-balance Sheet Risks, Face Amount, Liability	$ 0	$ 1,000

Note 9 - Commitments and Contingencies - Financial Instruments With Contract Amounts That Represent Credit Risk (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Jun. 30, 2017
Commitments to Originate Loans [Member]
Financial instruments which represent credit risks	$ 40,537	$ 15,244
Unfunded Commitments Under Lines of Credit [Member]
Financial instruments which represent credit risks	33,757	31,858
Standby Letters of Credit Risk [Member]
Financial instruments which represent credit risks	3,460	3,400
CRA Qualified Investment [Member]
Financial instruments which represent credit risks	$ 0	$ 1,000

Note 10 - Stock-based Compensation (Details Textual) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2017	Dec. 31, 2016
Income Tax Expense (Benefit)	$ 1,381	$ 1,839	$ 2,995	$ 2,852
Accounting Standards Update 2016-09 [Member]
Income Tax Expense (Benefit)			$ (1,100)

Note 11 - Income Taxes (Details Textual) - USD ($) $ in Thousands		3 Months Ended	12 Months Ended
	Dec. 22, 2017	Dec. 31, 2017	Jun. 30, 2019	Jun. 30, 2018
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	35.00%
Income Tax Expense (Benefit), Effect of Change in Enacted Tax Rate		$ (762)
Income Tax Expense (Benefit), Effect of Change in Enacted Tax Rate, Current Period		(328)
Tax Adjustments, Settlements, and Unusual Provisions		(434)
Income Tax Expense (Benefit), Continuing Operations, Adjustment of Deferred Tax (Asset) Liability		$ 498
Scenario, Forecast [Member]
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent			21.00%	28.00%
Reclassification from AOCI to Retained Earnings, Current Period				$ 283

Note 12 - Fair Value Measurements (Details Textual)	6 Months Ended
Note 12 - Fair Value Measurements (Details Textual)	Dec. 31, 2017
Market Approach Valuation Technique [Member] \| Minimum [Member]
Fair Value Inputs, Underlying Collateral On Impaired Loans	5.00%
Market Approach Valuation Technique [Member] \| Maximum [Member]
Fair Value Inputs, Underlying Collateral On Impaired Loans	81.00%
Income Approach Valuation Technique [Member] \| Minimum [Member]
Fair Value Inputs, Prepayment Rate	4.20%
Fair Value Inputs, Discount Rate	9.60%
Income Approach Valuation Technique [Member] \| Maximum [Member]
Fair Value Inputs, Prepayment Rate	11.40%
Fair Value Inputs, Discount Rate	15.80%

Note 12 - Fair Value Measurements - Assets and Liabilities Measured at Fair Value on a Recurring Basis (Details) - USD ($)
$ in Thousands

Dec. 31, 2017

Jun. 30, 2017

$ 92,339

$ 96,693

US Government Agencies Debt Securities [Member]

1,155

1,337

Collateralized Mortgage Backed Securities [Member]

57,092

57,168

Fair Value, Measurements, Recurring [Member] | Interest Rate Cap [Member]

28,580

32,903

Fair Value, Measurements, Recurring [Member] | Interest Rate Swap [Member]

Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Interest Rate Cap [Member]

1,172

1,355

Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Interest Rate Swap [Member]

Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Interest Rate Cap [Member]

Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Interest Rate Swap [Member]

Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Interest Rate Cap [Member]

1,172

1,355

Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Interest Rate Swap [Member]

Fair Value, Measurements, Recurring [Member] | US Government Agencies Debt Securities [Member]

Fair Value, Measurements, Recurring [Member] | US Government Agencies Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member]

57,092

57,168

Fair Value, Measurements, Recurring [Member] | US Government Agencies Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member]

Fair Value, Measurements, Recurring [Member] | US Government Agencies Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member]

57,092

57,168

Fair Value, Measurements, Recurring [Member] | Collateralized Mortgage Backed Securities [Member]

Fair Value, Measurements, Recurring [Member] | Collateralized Mortgage Backed Securities [Member] | Fair Value, Inputs, Level 1 [Member]

28,580

32,903

Fair Value, Measurements, Recurring [Member] | Collateralized Mortgage Backed Securities [Member] | Fair Value, Inputs, Level 2 [Member]

Fair Value, Measurements, Recurring [Member] | Collateralized Mortgage Backed Securities [Member] | Fair Value, Inputs, Level 3 [Member]

28,580

32,903

Fair Value, Measurements, Recurring [Member] | Other Investments Measured at Net Asset Value [Member]

Fair Value, Measurements, Recurring [Member] | Other Investments Measured at Net Asset Value [Member] | Fair Value, Inputs, Level 1 [Member]

^[1]

6,667

6,622

Fair Value, Measurements, Recurring [Member] | Other Investments Measured at Net Asset Value [Member] | Fair Value, Inputs, Level 2 [Member]

^[1]

Fair Value, Measurements, Recurring [Member] | Other Investments Measured at Net Asset Value [Member] | Fair Value, Inputs, Level 3 [Member]

^[1]

Market Approach Valuation Technique [Member] | Collateral Dependent Impaired Loans [Member]

^[1]

[1]

In accordance with ASU 820-10, certain investments that are measured at fair value using the net asset value per share (or its equivalent) as a practical expedient have not been classified in the fair value hierarchy. The fair value amount presented in the table are intended to permit reconciliation of the fair value amount to the consolidated financial statements.

Note 12 - Fair Value Measurements - Assets Measured at Fair Value on a Nonrecurring Basis (Details) - USD ($)	Dec. 31, 2017	Jun. 30, 2017
Collateral dependent impaired loans	$ 28,698,000	$ 23,831,000
Real estate owned and other repossessed collateral, net	910,000	826,000
Fair Value, Measurements, Nonrecurring [Member]
Collateral dependent impaired loans	2,217,000	1,011,000
Real estate owned and other repossessed collateral, net	910,000	826,000
Loan servicing rights	3,005,000	2,846,000
Fair Value, Measurements, Nonrecurring [Member] \| Fair Value, Inputs, Level 1 [Member]
Collateral dependent impaired loans
Real estate owned and other repossessed collateral, net
Loan servicing rights
Fair Value, Measurements, Nonrecurring [Member] \| Fair Value, Inputs, Level 2 [Member]
Collateral dependent impaired loans
Real estate owned and other repossessed collateral, net
Loan servicing rights
Fair Value, Measurements, Nonrecurring [Member] \| Fair Value, Inputs, Level 3 [Member]
Collateral dependent impaired loans	2,217,000	1,011,000
Real estate owned and other repossessed collateral, net	910,000	826,000
Loan servicing rights	$ 3,005,000	$ 2,846,000

Note 12 - Fair Value Measurements - Quantitative Information (Details) - USD ($)
$ in Thousands

Dec. 31, 2017

Jun. 30, 2017

Assets measured at fair value on a nonrecurring basis

^[1]

$ 2,217

$ 1,011

Market Approach Valuation Technique [Member] | Real Estate Owned and Other Repossessed Collateral [Member]

Assets measured at fair value on a nonrecurring basis

^[1]

910

826

Income Approach Valuation Technique [Member] | Loan Servicing Rights [Member]

Assets measured at fair value on a nonrecurring basis

^[2]

$ 3,005

$ 2,846

[1]

Fair value is generally determined through independent appraisals of the underlying collateral. The Company may also use another available source of collateral assessment to determine a reasonable estimate of the fair value of the collateral. Appraisals may be adjusted by management for qualitative factors such as economic factors and estimated liquidation expenses. The range of these possible adjustments was 5% to 81%.

[2]

Fair value is determined using a discounted cash flow model. The unobservable inputs include anticipated rate of loan prepayments and discount rates. The range of prepayment assumptions used was 4.2% to 11.4%. For discount rates, the range was 9.6% to 15.8%.

Note 12 - Fair Value Measurements - Gains (Losses) on Assets Measured at Fair Value on A Non-recurring Basis (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2017	Dec. 31, 2016
Gain (Loss) on assets	$ (173)	$ (410)	$ (196)	$ (513)
Collateral Dependent Impaired Loans [Member]
Gain (Loss) on assets	(328)	(273)	(351)	(363)
Real Estate Owned and Other Repossessed Collateral [Member]
Gain (Loss) on assets	45	83	45	70
Loan Servicing Rights [Member]
Gain (Loss) on assets	$ 110	$ (220)	$ 110	$ (220)

Note 12 - Fair Value Measurements - Estimated Fair Value of the Company's Financial Instruments (Details) - USD ($)
$ in Thousands

Dec. 31, 2017

Jun. 30, 2017

$ 92,339

$ 96,693

Reported Value Measurement [Member]

1,155

1,337

128,223

163,283

85,672

90,071

^[1]

6,667

6,622

1,758

1,938

6,333

4,699

769,835

775,530

2,245

2,111

848,654

889,850

15,000

20,011

741

873

Reported Value Measurement [Member] | Interest Rate Cap [Member]

23,790

23,620

Reported Value Measurement [Member] | Interest Rate Swap [Member]

Estimate of Fair Value Measurement [Member]

1,172

1,355

128,223

163,283

85,672

90,071

^[1]

6,667

6,622

1,758

1,938

6,333

4,699

773,755

776,579

2,245

2,111

848,766

889,877

15,000

20,057

768

918

Estimate of Fair Value Measurement [Member] | Interest Rate Cap [Member]

25,291

25,677

Estimate of Fair Value Measurement [Member] | Interest Rate Swap [Member]

Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member]

1,172

1,355

128,223

163,283

^[1]

Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member] | Interest Rate Cap [Member]

Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member] | Interest Rate Swap [Member]

Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member]

85,672

90,071

^[1]

1,758

1,938

6,333

4,699

2,245

2,111

848,766

889,877

15,000

20,057

768

918

Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | Interest Rate Cap [Member]

Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | Interest Rate Swap [Member]

Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member]

1,172

1,355

^[1]

773,755

776,579

Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member] | Interest Rate Cap [Member]

25,291

25,677

Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member] | Interest Rate Swap [Member]